Annual Report and Financial Statements of
the Parochial Church Council of Lichfield St
Michael and St Mary
st
For the year ended 31 December 2023
Charity registration number." 1139017

The Parochial Church Council of Lichfield St Michael and St Mary
st
Trustees. Annual Report for the year ended 31 December 2023
Charlty reglstration number." 1139017
Our Vision:
(based on the Diocesan Vision Statement)
As we follow Christ in the footsteps of St Chad, we pray that the people in
our parish encounter a church that is confident in the gospel, knows and
loves the community, and is excited to find God already at work in the
world. We pray for a church that:
reflects the richness and variety of our community and is intentionally
inclusive.
partners with others, especially St Michael's School, in seeking the
common good and working for a more just world.
recognises and responds to God's call to be good stewards of creation.
offers opportunities for everyone to grow in faith and active
discipleship.
CONTENTS
Administrative Information
Structure, Governance and Management
Objectives and Activities
Public Benefit
Safeguarding Statement
Achievements and Performance
Statutory reports
i)
2)
3)
Electoral Roll Report
PCC Report
Churchwardens, Report
Finance Review (Treasurer's Report)
Deanery Synod Report
Parish Information
Independent Examiners Report
Accounts
5)
6)

mini
ive Information
Saint Michael and St Mary is a parish with one centre of worshipi the Parish Church.
Salnt Mlchael on Greenhill
Church Street
Lichfield
StaffordshireWS13 6ED
It Is part of the Diocese of Lichfield and is situated in the Deanery of Lichfield.
The correspondence address is:
The United Benefice Office
St Michael's Church
Church Street
Lichfield
Staffordshire WS13 6ED
The Parochial Church Council (PCC) is a charity registered with the Charity Commission.
PCC members who have served from 1st January 2023 untll the date this report was
approved were..
Ex-officio members
Incumbent (Licensed to Parish)
Abbie Walsh
Non-stipendiary (Licensed to Parish) Ruth Bull
Churchwardens:
Sue Jones
Lyn Shiel (to 2023 APCM)
Brenda Liptrot (from 2023 APCM)
Deanery Synod Representatives:
Liz Clarke (to 2023 APCM)
Ted Green
Steve Oliver
Trevor James (coopted by PCC 17/7/23)
Elected Members:
Ray Allen (until Jan 24)
Maureen Brand
Richard Brooks
David Easton
Lynn Edge (to 2023 APCM)
June Frayn (to 2023 APCM)
Mike Godfrey (Lay Vice-chair)
Sheila Irvine (from 2023 APCM)
Mike Jones
Brenda Liptrot (to 2023 APCM)
Veronica Morris (Secretary) (coopted by PCC 1717/23,
until APCM 2024)
Viv Oliver (Treasurer)
Joe Sneddon
Alison Stevens (from 2023 APCM)
Alan Toplis
Officer of the PCC
(attends but does not vote)
Veronica Morris (Secretary) (until 17/7123 and from
APCM 2024)

vernance and Mana
eme
The Parochial Church Council is a corporate body established by the Church of England. The
PCC operates under the Parochial Church Council Powers Measure (1956) as amended that
came into effect on 2nd January 1957, and the Church Representation Rules (contained in
Schedule 3 to the Synodical Government Measure 1969 as amended. The appointment of
members is governed by and set out in the Church Representation Rules. The Council
comprises the Incumbent, the Churchwardens, a representative of the Readers, those elected
to the Deanery Synod, and other members who are elected at the Annual Parochial Church
Meeting, by those on the Electoral Roll. All church attendees are encouraged to register on
the Electoral Roll and stand for election to the PCC. Members of the current Parochial Church
Council and Ministry Team, guided by the Holy Spirit, proactively seek to draw church
members into participation in all aspects of church life and governance. We strive to foster
fully participating and inclusive congregations across the various services and activities.
iv
d Activitie
St Michael and St Mary's Parochial Church Council (PCC) has the responsibility of co-operating
with the incumbent, the Reverend Dr Abbie Walsh, in promoting in the ecclesiastical parish
the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has
maintenance responsibilities for the Church of St Michael on Greenhill.
During 2023 Saint Michael's has been engaged in mission and ministry guided by the current
Mission Action Plan.
The PCC sees the core purpose of worship in the following terms:
As God's worshipping family, sharing Christian faith, hope and love with others.
D Publi
Benef-t
The trustees of the Charity are aware of the Charity Commission's guidance on public benefit
in The Advancement of Religion for the Public Benefit and have had regard to it in their
administration of the Charity,
The trustees believe that by promoting the work of the Church of England in the Ecclesiastical
Parish of Lichfleld: Saint Michael and Saint Mary it helps to promote the whole mission of the
Church (pastoral, evangelistic, social and ecumenical) more effectively, within the
Ecclesiastical Parish, and that in doing so it provides a benefit to the public by:
Providing facil itie5 for public worship, pastoral care and spi ritual, moral and intellectual
development, both for its members and for anyone who wishes to benefit from what
the Church offers.
Promoting Christian values, and service by members of the Church in and to their
communities, to the benefit of individuals and society as a whole.
ardin
Statement
The PCC has complied with its duty under section 5 of the Safeguarding and Clergy Discipline
Measure 2016 (duty to have due regard to House of Bishops, guidance on safeguarding
children and vulnerable adults). Safeguarding is a standard item on all meeting agendas. It is
a subject matter that is taken very seriously by the PCC and appropriate strategies are
decided upon to ensure we are fully compliant with best practice and guidance,
AII PCC members have completed CO and Cl of the Diocesan Safeguarding training. Our
Churchwardens and leaders of certain activities have completed C2 Safeguarding training. All
the Ministry Team members have completed C3 training and the Rector completed C4

training. (This paragraph needs updating as the training courses have been updated a while
ago)
Thanks: In 2024, outside the period of this report, Maureen Brand has indicated her wish to
stand down from her role as Safeguarding Coordinator. The Rector and PCC wish to take this
opportunity to extend their sincere thanks to Maureen for all that she has done over the past
10 years to ensure that the vulnerable have been kept safe within our church community.
F Achievement
an
rmance
Review and Prospective of Parish and United Benefice
I continue to be grateful to work with and among so many commltted and faithful people,
both clergy and lay. We have seen our worshipping community gradually increase in number
this year, with our new monthly Family Communion service, with music led by our junior
choir, being among our best attended regular services.
This year felt to me like we have settled into a regular pattern of life together, after the
upheaval of Covid and the vacancy. We are slowly growing in both number and confidence.
Social events including a quiz, a barn dance and our new fellowship afternoon5 have helped to
strengthen us as a community; and worship, study and prayer have strengthened us in our
faith. We are supported in our work by so many indivlduals and groups who offer their time
and gifts to us
including our Mother's Union, pastoral vi51tors, bellringers, sacristan and
servers, and flower arrangers... to name just a fewl
We continue to keep close links with our sister Church in the benefice
St John's, Wall and
have developed a closer relationship with our neighbouring Church, St Chad's who have been
in vacancy for some of this year. Fostering closer relationships with our neighbouring brothers
and sisters in Ch rist is an essential foundation for our long-term material and spiritual health,
and our mission to make God's love known in our city, I hope that we will be able to reach out
in the same spirit of friendship to the congregation of Christ Church when they go into
vacancy later in 2024. Christ has called us to be one; and the strength of our faith in him can
be seen by how we love our Christian family and our wider community.
Thanks to the commitment of all those who support and lead, our children's ministry goes
from strength to strength. We have a lively and well attending monthly family praise, and our
Messy Church and First steps worship activities are thriving both in number and in spirituality.
We continue to keep a close relationship with our school, through myself and others in the
congregation who visit and help there, our welcoming of the children for services and visits in
Church, and our weekly homework club. We celebrated the faith of some of our year 5 and 6
children with a joyful school confirmation service in the summer, led by the Bishop of
Lichfield. We continue to reach out to other schools in our parish, through visits, carol
services and our ecumenical open the book team.
The varied and high-quality musical tradition of St Michael's continues to enhance our worship
and offer us a little foretaste of heaven both on Sundays and in our special seasonal services.
Our new Junior Choir continue to flourish and performed their first concert at the end of the
summer term, which we celebrated together with a BBQ.
The progress towards completing our new Elizabeth Logan Parish Centre continues. We are
hoping to have planning permission by the end of 2024 and to be underway with grant
applications.
During 2023 we held a total of 27 baptisms, 7 weddings and 10 funerals.

I look forward to the coming year with hope and expectation and pray that God wlll bless all
we do together in the Service of his coming kingdom.
Rev'd Abbie Walsh
G STATUTORY REPORTS
IR IIRe
ort
At the end of 2023 there were 148 people on the electoral roll of whom 12 were resident
outside the parish. This was an increase of 4 from the previous year. A new electoral roll will
need to be prepared in 2025. Before this takes place every effort should be made to
encourage new worshippers to add their names so they can play a full part in the life of the
church.
Mike Godfrey
2) Annual Re
ort on the work of the PCC
Both PCC and standing committee met six times during the year. Exceptionally there was a
special PCC in July to discuss the new parish centre. Standing committee normally meets two
weeks before PCC to set the agenda. PCC meetings continue to follow a standard agenda
including ministryrt church buildings and churchyard and finance.
Under Ministry, PCC has received regular reports from and provided feedback to the rector on
worship, mission and pastoral matters. The relationship with the school continues to flourish
with several older children from the school being confirmed in church by the bishop during the
year. Of note has been the development of the Family Communion Service and reintroduction
of the junior choir. A series of sermons in the autumn explored issues around Inclusive
church.
PCC have also received regular updates on the new parish centre and approved expenditure
to repair leaks in the church roof. A special PCC was held in July to approve a vision
statement for the new Parish Centre. The church clock has been repaired and is back in
position and a Faculty application has been made to have it elertrified. Plans to put in a new
AV system continue.
Outside the church, PCC has received regular reports on matters to do with the churchyard
and has approved Faculty applications to the diocese to support tree planting and tree
removal, the installation of new benches and prayer boards, and the restoration of the
Elizabeth Logan gravestone.
PCC also received regular reports on the preparation and approval of the annual accounts to
the diocese.
If you want to know more about the work of the PCC or get more involved, please look for the
approved minutes on the notice board at the back of church or find them on our website
(from April 2023). In addition, periodically there will be summaries in the church magazine of
what was discussed at pcc.
Veronica Morris
PCC Secretary
3) - Our Worship Centres (Fabric, Goods and Ornaments)
Repairing and maintaining the church roof has been a priorityi due to several storms, and
general wear and tear. We have had significant damage to the area around the tower and
have used the skills of a 'Steeplejack' to keep the costs more manageable. We will continue
this way in the future. We are very grateful to St Michael's Trust for a grant to assist with
this work.

All the necessary safety checks have been undertaken, including the portable electrical
equipment, fire extingtjishers, and replacing the high-level l ight bulbs.
A new offlce chalr was purchased for the Administrator, 6 hymn books and a bin for the
kitchen.
Sue Jones and Brenda Liptrot
Churchwardens
nce Review
Treasurer's Report
In 2023 PCC, recognising that the church's income was well below that required for the
Accruals accounting method, took the decislon to change to the simpler Receipts and
Payments arrangement which recognises incomings and outgoings at the time when payment
takes place rather than when consumed. At the same time the church finances were
migrated from Finance Coordinator accounting package to My Fund Accounting On Line
(MFAOL). Thi5 involved the adoption of the Church of England nominal account code matrix.
2022 costs have been re-analysed under the new coding system so that more meanlngful
cross year comparisons can be made.
General Fund
Receipts- In 2023 our giving levels dropped by £6,402 to £84,285 as the result of a number
of regular givers sadly dying or moving away from the parish during the year. The tax
recoverable on gift aided donations also fell in consequence from £16,949 in 2022 tax year to
£16,255 in 2023 tax year. Fee and magazine income remained steady at £4,549 and £2,937
respectively. The Barn Dance which was primarily a fellowship event nevertheless raised £118
and the talents scheme including knitted toys and homemade jam generated £182 for the
general fund. Grants for the general fund amounted to £910 VAT repayment from the DCMS
Listed Places of Worship Scheme (LPOW). Total income for 2023 came to £97,745 in
comparison with £103,380 in the previous year,
Payments - Costs increased considerably from £102,243 in 2022 to £113,927 in 2023. The
main drivers for this were the increase in heat & light costs from £3,705 to £8,962 of which a
significant portion is in dispute with SSE following their installation of a smart meter during
2023. In addition, unbudgeted roof repairs totalled £7,220. Additional mission & outreach
activities have mean that costs have increased to £1,674 from £394 in 2022. These include
school baptisms & confirmations, film clubs, messy church and homework club, though some
of this was offset by donations from attendees. Salaries for staff rose in line with the Real
Living Wage Foundation and RSCM recommendations. This year staff costs have been shown
separately rather than absorbed into other account codes such as magazine, churchyard,
administration and upkeep of services.
Charity Collections
In 2023 these are not shown as separate funds within church income but as agency accounts
held on behalf of the various charities. The following sums have been paid out inclusive of
tax recoverable on cash donations under the Gift Aid Small Donations Scheme.. Embrace the
Middle East £240; Angel Tree Swinfen £237. Christians against Poverty £269. Pathway £435;
Children's Society £820; Church Army £319; Wateraid £356.
Capital Funds
Clock - a grant of £2,000 was received from Conduit Lands towards electrification of the clock
winding system and £886 VAT refund for earlier work was received under the LPOW scheme.
Donations including Gift Aid of £181 were received and the net proceeds of the Quiz totalled
£156. As at 31 December the Clock Fund stood at £1,974.
Roof - A grant of £1,500 was received from St Michael's Trust towards roof repairs and a
further £381 VAT refund from the LPOW scheme.

Capital Development Funds (Parish Centre)
A LPOW VAT grant in respect of the archaeological survey totalling £1,431 was received in the
year, restricted donation totalled £450 and dividends and interest earned amounted to
£1,217. £7,438 was paid for the ground survey and report together with architect fees. The
balance in the funds (designated and restricted funds) totalled £36,420 at the end of the year
of whlch £30,857 are held in investments. The endowment fund which holds the proceeds of
the church hall land sale earned £20,460 interest in 2023.
Churchyard Fund
A grant of £2,380 was received from Llchfleld City Councll towards the maintenance of the
open churchyard.
Curate Fund
The Curate Fund earned £1,180 in interest and dividends. Income received from this source
Ss restricted to the support of the costs of curates and assistant mlnlsters/staff,
Investments
The value of funds held in the CBF Investment account recovered by £6,986 during 2023.
Dividends received are split between the restricted Churchyard, Curate, Hill grave funds as
well as the Capital Development fund. Bank interest earned on the PCC operating income
totalled £857 again spread over various funds.
As usual I must thank all those who contribute to the management of church finances.. the
counting teams, Pat Toplis as Fees Treasurer and Sandy Baker as the former Stewardship
Recorder and all the members of the Finance & Planning Committee.
Vivien Oliver
Hon Treasurer &
Acting Stewardship Recorder
Reserves Policy
It is PCC policy to try to malntaln a balance on free reserves (net current assets) which
equates to at least three months unrestricted payments. This Is equivalent to £28,482 (2022.,
£25,561), It is held to smooth out fluctuations in cash flow and to meet emergencies. The
balance of the free reserves at the year-end was £33,375 (2022: £48,518) which is a little
higher than this target.
Investment Policy
The charity is granted power to invest in suitable investments under the PCC Powers Measure
1956 and the Trustees Act 2000. As a charity, the Trustees have a duty of care to take such
advice as is appropriate before investments are undertaken.
The charlty's investment policies are based on two key principles:
Ethical Investment - this includes ensuring that investments are held in companies which
have high standards of corporate governance and act in a responsible way towards
stakeholders.
Long-term responsibilities
the trustees are aware of their long-term responsibilities in
respect of the Restricted and Unrestricted reserves and as a result follow a prudent approach
to investment decisions.
Investment pollcy for long-term funds is aimed primarily at generating a sustainable income,
with due regard to the need for the preservation of capital value, and the possible need to
realise investments to meet operational needs. The charity does not have a policy of generating
income at excessive or high risk - known as "purchaslng income" where hlgh returns are
guaranteed at the expense of capital.

In summaryi the charity has an overall policy to maximise Income while preserving the real
value of its funds. Due to the nature of the charity, an ethical investment policy is taken into
consideration when investments are made:
The charity follows the Ethical Investment Advisory policy as recommended by the Lichfield
Diocese which includes the following:
"We aim to invest in companies that:
will develop their business in the interests of shareholders;
* demonstrate responsible employment practices;
are conscientious concerning issues of corporate governance, the environment
and human rights;
are sensitive to the community in which they operate.
Planned giving, collections and donations are the main sources of fund raising along with tax
recoverable.
Related Parties
Donations from Related Parties
Donations from related parties during the year totalled £29,649 (2022: £17,325). All these
donations were received without conditions.
Remuneration paid to Trustees
David Easton, a trustee of the PCC, was paid £1,694 (2022: £1,368) by the PCC during the
year for his role as churchyard steward. He does not participate in PCC discussions in
connection with his employment. No pension contributions or benefits were made by the PCC
in connettion with this employment.
Expenses paid to Trustees
One trustee was reimbursed £211 (2022: £189) for phone/broadband during the year.
No other expenses were paid to any other PCC member, persons closely connected to them or
related parties.
5) Deane
nod Re
ort
Our Rector, Revd Abbie Walsh, is the Assistant Rural Dean.
The elected lay representatives to Deanery Synod for 2023 were:
Liz Clarke (who resigned on leaving Lichfield), Ted Green and Steve Oliver. Trevor James was
co-opted by PCC in mid-2023 to fill the vacancy left by Liz Clarke for the remainder of the
triennium.
Lichfield Deanery Synod held four meetings in 2023, two by Zoom.
23 February by Zoom. Bishop Michael spoke to Us from Liverpool, where he was attending a
conference. His subject was Lent and his personal observance of Lenten discipline. This was
followed by a presentation by Abbie, as Chair of the Deanery Shaping for Mission Groupi on
the open meeting it had already held and the ones that were to follow (detailed in last year's
report). Abbie finished her presentation by asking each parish represented to make known
one thing their church had to celebrate and one thing for which they needed prayer. There
was a wide list of subjects.
15 June at St James Brownhills. Helen Robertson, Head Teacher of St Michael's School, gave
a wide-ranging talk on Growing Faith, in which she explained the interaction between the
school and the Church, particularly St Michael's, in growing the faith of the children. As one
who knew about many of the initiatives, I was still surprised to hear about the depth of
involvement that we have with the school. It was clear that many attending the Synod were

amazed that so much could be achieved by close liaison and it is to be hoped that they took
examples of best practice away with them.
18 September at st Michael on Greenhill. Deanery Synod meetings always begin with
worship, but this time Abbie celebrated Holy Communion with the theme of Creation, which
was much appreciated by all attending. She then gave a presentation and led a discussion on
Community Fellowship. Initially she looked at the two questions that each church had been
asked by the Archdeacon..
a. What is the vocation of your church?
b. How far would you say your church is flourishing at this time?
(Within the United Benefice these questions have been addressed by the two PCCS.) We
broke into Small groups and, in the same way that we had done individually at the February
Synod, we looked at areas that each church wished to celebrate and for which they requested
prayer.
21 November by Zoom. Bishop Jonathan Clark, the former Bishop of Croydon, is acting as
the temporary Bishop of Wolverhampton at the moment. He spoke about his road to
ordination as priest and bishop and then discussed three challenges to the CofE".
a. Can we be counter cultural enough to keep on trusting people who are different from us?
b. We need to bridge the generation gap.
c. The church needs to understand that it is no longer rich.
Bishop Jonathan stayed online to give very entertaining answers to a range of questions
about his life and faith. See also my article In the Benefice magazine about the consultation
he has carried out to discern the feelings within the Wolverhampton Episcopal Area about the
appointment of a new bishop.
Ted Green
6) PARISH INFORMATION
The following are a list of groups and activities that are an integral part of our church's daily
life.
Children and Youth Work
First Steps
Messy Church
Homework Club
Junior Praise
Junior Choir
Camas
Our Worshipping Life
Bellringers
Music Department
Church Fellowship
Mothers, Union
Film Club
Tuesday Club
Walking Group
Sewing Group
Charitable Work
Pathway Project
Lichfield Foodbank
Christian Aid
Water Aid
io

Angel Tree
Macmillan
St Giles
Children's Society
Embrace
Church Urban Fund - Lichfield
US (United Society - formerly USPG)
Church Army
Schools
St Michael's VC Primary School
Scotch Orchard Primary School
Streethay Primary School
Five Spires Primary Academy
Abacus Nursery
Names and addresses of advisers
Bank
Uoyds Bank
22 Conduit St, Lichfleld WS13 6JS
Investment
Managers
CCLA
l Angel Lane, London EC4R 3AB
Independent
Examiner
Jonathan Hill
Lichfield Diocesan Board of Finance
St Marys House, The Close, Lichfield WS13 7LD
Approved by the PCC on 2A .'.W.t.
2024 and signed on its behalf by:
Reverend Abbie Walsh (Chair)
Mike Godfrey (Vice Chair)
li

Independent Examinerfs report to the trustees/members of The PCC of Lichfield St
Michael and St Mary
Registered charity number.. 1139017
I report on the accounts for the year ended 31" December 2023 which are set out on the following pages.
Res
ective res
onsibilities of the Trustees and Inde
endent Examlner
The charity's trustees are responsible for the preparation of the accounts. The charit￿5 trustees consider that an
audit is not required for thi5 year under Section 144 of the Charities Att 2011 Ithe Charities Act) and that an
independent examination is needed.
It is my responsibility
to examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the General Directions given by the Charity Commission (under section
14515llbl of the Charities Act, and
to state whether particular matters have come to my attention.
Basis of Inde
endent Examiner's Statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An
examination includes a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and
seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all
the evidence that would be required in an audit, and consequently no opinion is given a5 to whether the accounts
present a "true and fairf, view and the report 15 limited to those matters set out in the statement below.
Inde
endent Examiner's Statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe
that in any material respect:
accounting records were not kept in accordance with section 130 of the Charities Act or
the accounts do not accord with the with the accounting records
I have come across no other matters in connection with the examination to which attention should be drawn in
order to enable a proper understanding of the accounts to be reached.
Signed:
Jonathan Hill FCMA CGMA
Lichfield Diocesark Board of Finance
St Marys House, The Close, Lichfleld WS13 7LD
Date..
12

Parochial Church Council of St Michael and St Mary
Financial Ststements for the Year Ended 31st December 2023
Accounting Policies
The financial statements of the PCC have been prepared in accordance with the Church Accounting
Regulations 2006 using the Re￿IPtS and Payments basis.
There may be minor discrepancies in the lotals as the pence are not being shown.
Fixed Assets
Consecrated and benefice property is not included in the accounts by s.1012)(a)&(C) of the Charities Act
2011.
Moveable church furnishings held by the Wicar and Churchwardens on special trust for the PCC and which
require a faculty for disposal are inalienable property, listed in the Church's inventory, which can be
inspected (at any reasonable timel. For anything acquired prior to 2000 there is insufficient cost information
available and therefore such assets are not valued in the financial statements.
Investments in quoted shares, traded bonds and similar investments are valued initially at cost and
subsequently at markèt value at the year-end.
Description of Funds
Unrestricted funds are income funds of the PCC that are available for spending on the general purposes
of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a
future project and which are therefore not included in its 'Yree reserves as disclosed in the trustees, annual
report.
RestriGted funds comprise of two elements..
a) income from trusts or endowments which may be expended only on those restricted objects provided in
the terms of the trust or bequest
b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds
may only be expended on the specific object for which they were given. Any balance remaining unspent at
the end of each year must be carried forward as a balance on Ihat fund. The PCC does not usually invest
separately for each fund. Where there is no separate investment, interest is apportioned to individual funds
on an average balance basis.
Endowment funds are restricted funds that must be retained as trust capital either permanently or subject
to a discretionary power to spend Capital as income, and where the use of any income or other benefit
derived from the capital may be restricted or unrestriGted. Full details of all their restrictions are shown in
the notes to the accounts.
13

Parochial Church Council of St Michael and St Mary
Financial Statements for the Year Ended 31st December 2023
Receipts and Payments Account
Unrestricted Designated Restricted Endowment
funds
funds
funds
funds
Total Prior year
funds total funds
Income and endownents trom..
Donations and189acJes
Income from charitable a¢tivrtE5
Other Iracling 8elniities
Investments
Other Inco￿
Total income and endowments from:
64.285
4.660
4,780
1,029
3.000
97,754
1.632
3.380
15.708
3.297
568
2.288
101.624
11.337
5,348
25,721
102.834
10.216
3,995
11,765
1,943
20,460
6.954
21,861
20.460
147.030
131,744
Expenditure on-
Raising fund5
Expenditure on charitable activrties
Total expenfliture on..
679
113.248
113,927
403
8,622
9,024
1,081
136.252
137,333
139
123,684
123,823
14.382
14,382
Net Income I lexpendlturel
116.1731
17,4271
12,837
20,460
9,697
7.921
Transfers
Gross transfers between fund$- in
Gross transfers be￿een fund$- out
Net Incomel lexp8ndliur*l
6.456
6,456
6.456
9.697
681
7.921
122.fj301
17,4271
19,293
20.4
Other recognised gains I losses
Gains I losses on investment assets
Not movoment in funds
2.443
14,9841
6.947
16,644
10.474
12,5521
122,6301
23,797
20,460
Totsl fund$ brou9htforward
56,005
66,992
75,885
638,410
837,291
B39,843
Totsl funds ¢arrled lo￿ard
99.681
658 870
853.93$
837.291
Representsd by
Unrestricted
General FUTh
33.375
56.tyJ5
0051gnate
Capital (Generall Designated Fund
Gapitsl Development Designated Fund
ChurGhyaid DesNJnated Fund
Flower Designated Fund
Healing Designated Fund
Organl$t Fees D&signated Fund
2.120
32.984
24.586
163
1.059
2.120
32.984
24.586
163
1.059
2.055
35.423
27.213
212
1.026
1.062
Restrlct8d
Allai Furnishing5 & Veslrnenls Restricted Fund
Bells Restricted Fund
Bike Rack Restricted Fund
Capital Development Restncted FUTh
Children 5 Society Restricted Fund
Churchyard Restricted Fund
Churchyard Tap Restricted Fund
Clock Restoration Restricted Fund
Coronalioo Tree
Curate5 Restr￿ed Fund
He81ing Reslricled Fund
Hill Grave RestriGted Fund
iichfield Foyer Restricted Fund
ghting Restricted Fund
Miss George Bequest Restricted Fund
Music And Choir Reslricled Fund
Organ Restoration Restricted Fund
Rector & Walden Hollgsons
Rectory Redecoration Scheme Restricted Fnd
Relirernent Re5tricied Fund
Roof Restricted Fund
Sound System Re51riGted Fund
ndow Restoration Restricted Fund
Youth Outings Restricted Fund
159
1.562
250
3.436
159
1,S62
250
3.438
159
1,514
250
2.893
15.513
269
1.974
15,513
289
1.974
12,505
281
11,2441
42.555
4.499
8.697
321
536
827
2,634
949
781
256
99
16931
8.512
892
5.668
42.555
4.499
8,697
321
536
827
2,634
38,445
4,360
7.928
321
1,098
801
2,677
833
781
256
99
16931
8.512
892
5.668
248
109
12,1541
2,192
1.835
EndowThent
Church Hall Endowment Fund
658.870
658 870
658.870
658 870
38.410
638 410
14

Parochial Church Council of St Michael and St Mary
Financial Statements for the Year Ended 31st December 2023
Statement of assets and liabilities - 2023
General Desi
nated Restricted Endowrnent
This tar
Fixed assets- Investsnents
CBF In Fund 9001S-
5QA Treasury Stock 2025-
28.867
1,990
30.857
52.368
61.235
1.990
83,224
74,249
2.029
76,278
Totsls
52.368
Current assets- Cash at bank and In hand
Lloy(Is Current 4488-
Uoyds Fees Account 5538 Dummy-
CBF Dep05itAccount 90010-
LOT CBF Depo&t 2899D-
Petty Cash.
4,829
518
27.954
2,087
482
28.583
7,719
14.634
999
96,131
658,870
75
770.710
29.594
1.965
90.970
638.410
75
761.013
39,595
658,870
75
33,375
Totals
31,151
47,314
658.870
Grdnd total
658 870
853 935
837 291
Statement of assets and liabilities - 2022 (re-stated)
General De51
nated Restricted Endowrnent Thi5
Fixed as5ets- Inve5trnents
CBF In Fund 9m1S.
5% Treasury Slo¢k 2025-
26,384
2,029
28.413
47.864
74,249
2.029
76,278
Tota15
47,864
Current assets- Cash at bank and in hand
Lloyds Current 4488-
Lkyds Fees Account 5538-
CBF Deposrt Acceunt 90010-
LDT CBF Deposit 2899D-
Petty Cash-
22.934
751
32.244
4.717
1.214
32.647
1.942
29.594
1.985
90.970
638.410
75
761.013
26,079
638.410
75
56,005
Totals
38,578
28,021
638,410
Grand total
636 410
637 291
Analysis of receipts and payments
Total
ear
Unrestricted Desi
nated Restricted
Endowment This
Last
RECEIPTS
Donations and legacies
Gift Aid - Bank
Gift Aid- EnVelo￿S
Regular Giving BILJe Envelope3
Other planned giving P￿dge$- Bank
other planned giving- Pledges Env
Othei Regulai Giving
Loose plate collections
Giving through church boxes
One-off Gift Aid gifts
Donations appe81s elc
Donation5 8ppe81s et¢ GA
CAF Vouchers
Contactless Machine
Tax recoverable on Grft Aid
41,505
12,158
4.966
2,436
370
80
41.585
12.158
4,966
2,436
370
58.352
2,424
2.792
2.485
451
4.872
2,657
4.349
1,715
542
1,715
542
905
3,223
1.726
231
338
230
18.255
1,432
5,609
105
338
230
17,726
1,047
17,925
31
1.440
15

Recurring 9rant5
Non-recurring one-off grants
910
1,431
5.147
2,000
15.708
7,487
2.000
101,624
2,380
3,100
102,834
T(Ilal
84.285
1.632
InGome from charitable activities
Fees lor weddings and funerals
Bookstall sales lo promote objectives
Memorial Book Inscriptions
Church Outing Contributions
4,549
72
40
3,380
110
8.038
72
40
10.136
80
3,187
3.297
Total
4,660
3,380
11.337
10,216
Other trading activitles
Other funds generated
Talents
Talents Gift Aided
Magazine income- advertising
Parish magazine sales
Supply of goods
Office Incorne
Coffee Money
710
146
17
1,110
1,827
59
355
556
4,780
568
1.278
146
319
104
878
1,866
22
433
343
3,995
1.110
1,827
59
355
556
5.348
Total
568
Invostments
Dividends
Bank and buildlng Society interest
Total
888
1,431
857
2.288
2,319
23,402
25,721
2.307
9.459
11,765
1,029
1,029
20.460
20,460
1.943
Other income
Insuran￿ claims
Benefice Shared Costs Contribution
Total
RECEIPTS TOTAL
400
3,000
3,000
3,000
3,000
147,030
2,935
131.744
6,954
21,861
20.460
PAYMENTS
Ralslng funds
Cos15 of stewardship campaign
Costs of fetes & other events
181
518
679
161
920
1.081
139
403
403
Total
139
Expenditure on charitsblo activities
Giving to mi55K)nary societies
GNing- reliel and development
agenctes
Home mission
Secular ch8r4ties
Ministry parish sharg elc
Salary of parish adtninistrator
Salary of Organist
Salary of Churchyard Steward
Working expènses of incumbent- Sl
Micha
Clergy & Stsff working expenses- St
Mic
Rectory expenses
Incumbent's telephone- Benefice
Education- Benefice
Parish training and mission St
Mi¢hael
Parish Mi55ion- Messy Church
Parish Mission- Film Club
153
183
16
16
25
130
57.747
12,342
7,269
25
130
57,747
12.342
7,269
1,694
504
1.742
57,747
10.196
6,484
1.398
50
1,694
40
345
1,438
189
211
255
1.112
211
255
1,112
77
42
376
42
376
93
317
16

Parish Mission - Homework Club
Parish Mission - Church Outings
Church running- insurance
Church office- telephone
ChLJrch mainlenawe
Cleaning
Church running- other
Office Equipment
Depreuation
hurch equipment
Upkeep of services - St Michael
Deputy Organist fee$
Upkeep of services- Bene*ce
Upk8op of ¢hurchyard
Administration- St Michael
Administration - Beneli¢e
Bank Charges
Church running- water
church running- heating and lighling
Magazine expenses
Coffee & Tea purchases
Governance costs examination fee
Church major repairs- structure
New building Parish Rooms
144
144
5,784
3,376
864
2,745
3.276
291
62
5,784
3,376
664
1,728
3,276
191
62
4,123
1.018
1.824
3.016
100
2,626
183
2,207
486
637
5.428
396
2,346
473
247
3,705
3,111
67
200
9,407
2.286
123,684
123,823
1,657
509
473
251
100
2,008
509
473
6,220
778
865
478
260
8,962
2,714
128
4CKJ
7,220
7,438
136,252
137,333
5,OQKJ
1.221
400
378
865
478
260
8,962
2,714
128
400
7,220
7,438
14,382
14,382
Total
PAYMENTS TOTAL
113,248
113,927
8,622
9,024
GRAND TOTAL
7,427
12,837
20,460
9.697
7.921
Fund movement by type - 2023
enin
Ineomin
Out
oin
Transfers GainsAosses
Closin
Altar 8 Ve- Altar Fumishings &
Restricted
159
159
159
159
Sub-total forAltar & Ve
Bells R8s- Bells Restrfctsd Fun
Reslricled
48
1.562
1,562
Sub-total for Bells Re5
1.514
Blkg Rack. Blkè Rack Re51ricted
Restr￿ed
250
2SO
250
250
Sub_total fr•r Bike Rack
Cap De- Capltal Dev¢lopm¢nt
DesYJnated
35.423
35,423
2.555
2,555
7,438
7.438
2,443
1443
32.984
32,984
sub.total for Cap Dev D¢
Cap Dev Ro- Capltal Development
Reslricled
2.893
1893
542
542
3.436
3.436
Sub-total for Cap Dev Re
Cap Gen De- Capltal IGenerall Do
De5ign4led
66
66
2.120
2,120
Sub-total for Cap Gen De
2,065
Chlldren's- Childr•n'$ Soclety R
Restricted
10
10
10
sub.total for Children.
Church Hal- Church Hall Endt)wTnen
Endowment
638.410
638,410
20.480
20,46
658,870
658.870
Sub.tIAal for Church Hal
Churchyard. Churchyard D¢signat•
Designated
Restricted
Restricted
27,213
12.505
4,CE6
2,909
6,693
24.586
15.513
269
40,368
1.050
Sutstotal for Churchyafd
39,979
6,983
1,050
Clo¢k Re$- Clock Rostora¢lon Re
Re$tri¢ted
1,244
11,2441
3.821
3,621
403
403
1.974
1,974
SulAotal for Clock R85
17

Curates Re- Curatss R¢strlGted F
Restrict
38.445
38,445
1,180
1,180
2.929
2.929
42,555
42.555
Sub4otal for Cura¢es Re
Flowor D8s- Flower Designated Fu
OesHJnated
212
212
201
201
251
251
163
163
sU￿tOtal for Flower Des
Foyer Res. Li¢hfigld Foyor R88t
ReStr￿ell
321
321
321
321
Sub-totsl for Foyer Res
G80ryo Beq- Mlss George 88quest
R8Strided
801
801
827
827
Sub-total for George Beq
26
Heatlng De. Heatlng Designated F
Designated
1.026
1.026
33
33
1.059
1,059
Sub-total for Heating De
Heating Re- Heatlng Restrfcted F
Restr1d￿j
4,3eO
360
139
139
Sub-total lor Heatlng Re
4499
Hill Grave. Hill Grave Restrlcte
Restricted
7.928
7,928
245
524
524
8,697
8.697
sU￿tOtal for Hill Grave
Llghtlng R- Llghting Restricted
ReslrKled
1.098
1,098
35
36
598
598
536
536
Sub.totsl for Lighting R
Music & Ch- Music And Choir Rest
Re5tiicted
2.677
2.677
2W
2W
SU￿t0￿1 for Musl¢ & Ch
158
2.634
Organ Res. Oryan Restoratron Re
Reslricled
833
83J
Sutrtotal for Organ Res
117
949
Organlst D- Organlst Fee5 Design
Desvjnaled
1.062
1,062
1.096
1.096
Sub-total for Oryonl$t D
R&W Hodgs- Rector & Warden Hody
ReslriGled
781
781
781
781
Sub-total for R&W Hodgs
R¢¢tory R*. RKtC+ry R¢decoratlon
Restricted
248
258
256
Stsb-total for Roctory Re
Retirement- R8tlrem6nt Re￿rICts
R&stricled
109
109
390
390
400
400
Sutstotsl for Retirement
99
Roof Res- Roof Restrlctsd Fund
Restricted
2.154
12,1541
1.881
1,881
420
420
693
16931
S￿￿tOtal ftsr Roof Res
Sound Sy5t- Sound Systsm Réstr1¢
Restricted
2.192
2.192
6.320
6.320
8.512
8,512
Sub-total for Sound Syst
Tree- Coronatlon Tree
Restricted
25e
256
270
270
14
Sub-totsl for Tree
Window Res-wlndow Rostoratlon R
Restricted
865
865
28
28
892
892
sub.total fof Wndow Res
Youth Out. Youth Outings R05trS
Restri¢led
5.784
5.784
5.678
5,676
5.8S8
S,668
s￿￿10tal foryouth Out
1.835
3.941
General. General
Uniestrided
113.927
6.456
18

Sub-totsl for General
56,OOS
97.754
113,927
16,4561
33,375
Grand total
837,291
147,030
137.333
6,947
8S3 935
Fund movement by type- 2022 (re-stated)
INcornin
Out
oin
Transfers Gains11055es JourDa15
Closin
Biblelands- Bl￿elandS
Restricted
183
183
183
183
Sub-total for Blblolands
CArmy- Church Amy
Restricted
277
277
277
277
Sub-total for C-Army
CAP£lock. Capltal Fund- Clock
Reslii¢ted
2.401
2,401
5.316
5,316
1.244
11,2441
sub.total for CAP£lock
1,671
CAP-ROOF- Capltal Fund- Roof
Restncted
2.554
12.5541
400
400
Sub-totsl for CAP.ROOF
12,1541
CAPHEAT- H8atlng Appeal
Designated
Reslrited
1,013
4.700
5.712
13
62
TS
1.026
4,360
5,386
402
402
Sub-total lor CAPHEAT
CYARDTAP. Clyard tap
Restri¢ied
257
2S7
261
261
sub.total for CYARDTAP
Cap-Bike- Capitsl Fund. Bik
ReStr￿d
250
250
250
250
Sub-total for Cap-Blke
Cap-Sound- Capltal- Sound Syst
Restricted
808
18081
2.192
2,192
Sub-total for Cap4ound
3.000
Muslc. MLtsie and Choir Acti
Reslrlded
2.491
2,491
186
186
Su￿t￿tal ftsr Music
2.677
Organist- Organist fees fund
D85unaled
1.049
1.049
14
14
Sub-total for Organl$t
1.062
Pathway- Pathway Project coll
Restricted
440
44D
440
Sub-total for Pathway
RBL. Royal Briti$h Legion
Restricted
62
62
62
62
Sub4oial for RBL
All$oul$. St Giles Hospice Col
Restricted
250
260
250
260
sub.total for All$ouls
General- General fund
Unrestricted
57.679
57,679
103.380
103,380
102.243
102,243
2.812
12,8121
56 005
56,005
Sub-total for fj¢n¢ral
Angeltree- Ang81 Tree Fund ISw4
Restricted
205
205
205
205
Sub-totsl for Angelt
Be115- 8ells Capital Fund
Restricted
1.494
1.494
20
20
1.514
1￿14
Sub4otal for Bell$
Burseveil- Altar furnishings &
Restricted
159
189
1S9
Sub-total for Bursevell
Cfyard- Church Yard
19

Designated
ReStr￿ted
25.688
13.645
39,333
5,709
2.991
8.699
6,503
323
6,826
2,319
2.319
27.213
12,505
39.718
1.489
11.4891
S￿￿t0￿1 for Clyard
Ctyardhill. Hill Grave
Restricted
8.478
8.476
743
17431
7.928
7,928
sub.total lor Cfyardhill
196
Capltal- C8pItsI (Generall
Desrgnaled
4,989
4,9B9
65
65
3.000
13.0001
2,055
2,0S5
sub.total for Capltsl
CapsMn- Capitsl fund. windo
Restricted
853
853
865
865
Sub-totsl for Cap¥win
Chrldren$. Childrens Society
ReslrKled
489
498
10
Sub-totsl for Childrens
Curate- Curate$ Fund
Restricted
41,582
41,582
1.018
1,018
4.154
14,1541
38.445
38,445
Sub-totsl for Curate
Decrectory- Rect+)ry Redecoratlon
Restricted
1.773
1.773
248
248
Sub-total for DKrectory
1,529
Flower- Flower Fund
Designated
227
227
201
201
216
216
212
212
Sub-total for Flowgr
George. Mi$5 Gtorge Bequest
Restricted
791
791
10
10
801
801
Sub-total lor G8orgo
Hall- Church Hall Fund
Endewrnent
630.122
630,122
8.288
8,288
638.410
638.410
Stsb-total for Hall
Organ- Or9an R05toratlon Fu
Restricted
822
822
833
833
8u&total for Organ
Retlrement. Re￿￿ment Funds
Restricted
109
109
109
Sub-total for Retlr8ment
Wateraid- Water Ald
Restricted
288
288
288
288
Sub-tolal for Wateraid
Youthcrtrt- Youth Outlng$ linGI
ResirKted
1,835
1,835
1,835
1,835
SUl￿total foryouthout
8pord- Bishop Ordinand Fund
Restricted
227
227
227
227
Sub-totsl for Bp¢4rd
Uspg- USPG
ReStr￿d
153
153
153
153
Sub4otal for Uspg
CAPDEV- Capital Development
Deswjnaled
Restricted
43.189
1.032
2.893
3,925
4,710
14,0871
35.423
2.893
38,316
SulFtvtal for CAPDEV
43.189
4,710
14,0871
Foyer- Lichfield Foyer
Restricted
321
321
321
321
sU￿tOtal for Foyer
¢aplight- Capltal Fund- light
Reslricled
14
14
1.098
1,098
Sub-total for Cgplight
1.084
Grand total
839 843
131.744
123.823
10.474
B37.291
20

Description of Funds
Designated Funds
Capital General Fund- used for capital donatic>ns not othèrwise restrict&Y or designated. Legacy income is often deposited
here in the first instan￿.
Capital Dev- For the parish room project.
Churchyard.. PCC fees received relating to the new lopenl churchyard and designated to its upkeep. Mainly used lor mowing,
churchyaid steward salary etc.
Flower Fund.. donations received for flower displays, usualty received at Easter and Christmas. Used to pay for flowers al
these seasons and palronal Servi￿ etc.
Hoating: Some legacy monies were designated for install*ion & repairlrnaintenance of gas heatsng system.
Organist.. Accumul*ed Assistant Organist fjjnds set aside by PCC for purposes of paying an assistant organist when Organist
conducting choir
Restrictgd Funds
Angel Swinfen- Annual collection at Advent carol sètvi¢e ft)r Angel Tree projecl at Swinfen Young Offend&rs Inslitule.
Bells Capital Fund - donations and fund-raising for iepairlma1ntenan￿ of church bells.
Bike Rack- don81ion towards the installation of a bike rack.
Burseveil.. Altar furnishings and robes etc- donationslappeal$ for repairlreplacemenl etc
Capltal Dev- For the parish room project.
Clock". Donation5 and grants for repair and upgradg of winding mechanism of tower dock
Churchyard." Historic'parishioners" fund lormeily held ill diocesan trust for the mainlenanTr of the churchyard. Receives
restricted donations, interest and dividends from CBF funds. Mainly used for projects in the old Iclosedl churchyard.
Churchyard Hlll: Fund set up by family for maintenance and repair of Hill grave- formerfy held in diocesan trust and receives
interest and dividends from CBF funds
Churchyard Tap: Donation given to install tap in new churthyard- rAJrrenlly accurnulating interest in deposit aceount.
Curate Fund- consists of fhree fomier Diocesan Trusts." Barnard, Vllhisson and Quick & Rowlins. Can be used for payment
of curate and assistant minister expensesltraining etc. Receives d￿ld￿ndS and interest from CBF funds. Makes annual giant lo
Gen Fund to cover expenses ol assistant ministers, curates etc.
Dec Rectory.. Funds paid into Diocesan Scheme for re-decoration of rectory et¢. Some funds held in deposit account. Monies
sel aside by PCCS of United Benefice ISTM&M and Wall).
Dec Spires.. Funds paid into Diocesan Scheme for re-decoiation of curate house (formerly at the Spires) etc. Some funds held
in deposit account. Monies sel aside by PCCS ol United Benefi￿ {STM&M and W8111. Fund was merged into DecRec when
the curate house was disposed of.
Foyer.. Funds remaining fiom d05ed historic tharity for reliel of poor were pavj into PCC a(￿OUnt. PCC d￿lded that Foyer
(former youth shelter oc¢upying former pub adjacent to churchyard) was suitable recipient but Foyer was closed down before
lunds wuld be used. PCC minded to L15e funds for general outreach purposes but no resolution yel.
George: f4qiss Georye Bequest- Historic ¢hurchyard fund sel up for maintenance of George farnily graves and churchyard
gen8rally. Former diocesan trust but 13sh deposit only. Receives interest Irom CBF deposit account. Used to help pay for
the new car park area in old churchyard.
Hall Dèv.. Originally set up to record costs incurred in disposal of hall. temporary location of parish office and fees connected to
paiish roorns development. Fund was meiged with Capital Development fund to show net position.
Hèating= Donations and grants for installation & repair/maInlenan￿ of gas heating system.
Light.. Caprf(al Lighting Fund- set up to iec2ive donalionslgrants lor the inslallation of new lighting Systèm. ReFnaining funds
to be used for replacement bulbs etc
Music.. Donalionsnundraising for Choir and mu5iG aclivili8s- pays for new music, choir activities etc.
Organ Restoration Fund.. donations and fund-raising lor repairlmainlenance of church organ.
R&W Hodgsons.. originally set up for the maintenance of the Hodgson family tombs. The terms trf the tiusl have now expired
and discussion5 are being held with the Charity Commission regarding the appropriate use of the funds On￿ the trust is wound
up
Rètirernent.. Funds collected for retiringlmoving on clergy members. No GA Claimab￿ and funds transfèrr8(I directty to
recipients.
Roof.. Donations and grants for repair ol chur¢h roof
Sound.. Donations and grants for installation of new audio visual systems. So far this has included new sound system, drop
down $¢reen. digitalllaptop proJector and ￿rner8. New television screens to be installed to improve visibility from side aisles.
Tree.. For purchase & planting of new trèè in churchyard to celebrate the coronation of King Charfes 111.
St John.. Used lo record direct payments made on behalf of St John's, Wall- usually part ofjoint orders for sacristan supplies
elc. This mechanism is used when the fA)Sts have not been re-invoiced for some reason.
st Mary.. Income derived from two former diocesan trusts, Cresswell and Smith. Funds were held in CCLA Investment account
8nd dividends and Inte￿St were paid into DgposII account. In 2021 the cash value of the St Mary fabric funds was granted in
final settlement lo St Mary's Guild fot the upkeep of the folrner St Mary's church building.
byin.. Capital Windows and Stonework- donationslcollections for repair of church windows and slonewoik.
Youth Outing- lundraislngldonations for major youth. (Camas) or Choir singing trips leg Venice}.
Children's SocietylBiblelands/PathwaylWater AidlUSPGIChurch ArmylRBUSt Gil¢slBi¥hops Ordination.. Charitable
donations received and p8ssed on during the year
Endowment
Hall.. Parish Rooms- Proceeds of disposal of land on which fomier church h811 starKls. CLSrrently held in diocesan trust. Land
was originally made available by council and fvnds can only be used for purposes of equivalent building.
21

Analysis of Transfers between Funds - 2023
Reference
Debit
Credit Descrfption
Tfer Gen to Youth Out
Youth Out Res
5,676 Tler Gen to Youth Out
General
Unr
R&WHodgson Fund Tfer R&WHodgsons Re5
781 R&W Hodgson Fund Tlèr General
Unr
Fund
Fund Type
Res
Tfer Camas - Re￿r$e 2022 accrual
Tfer Camas - Reverse 2022 accrual
R&WHodgson Fund Tfer
R&WHodgson Fund Tfer
5,676
781
6,456
6,456
Analysis of Transfers between Funds - 2022
Refèrence
Fund Tfer cyard R to
Fund Tfer cyard R to
Debit
2,319
Credlt Decrl tlon
Fund ITer Cyard R lo D 2022
2.319 Fund Tfer cyard R to D 2022
Fund
Church Yard
Church Yard
Fund T
Des
fund tter Cap Gen to
fund ffer Cap Gen to
3,000 Fund ffer Cap D lo C8pSound R Caiital (Generall
Fund tfer Cap D to Capsound R Capital - Sound System Res
3,OCKJ
5,319
5,319
Fixed Asset Investments
Change
In market
value
At 1st Jan Addltions Dlsposals Transfers
At 31st Dec
Unrestricted Funds
Designated Funds
5% Treasury Stock 2025
l￿F Inv Fund
Total Designated
2,029
26,385
28,413
1391
1,990
28,867
30,857
Re5tricled Funds
CBFlnvFund
47,864
4,503
52,368
Total
7&278
6,947
83.224
22

Restatement of Funds
The PCC have decided to change the basis of preparation of their accrounts from the Accruals Basis
to the Receipts & Payments basis.
Unre5trirted Designated Restricted Endowment
Total
As stated at 3111212022
58,816
66,992
75,885
638,410
840,102
Reversal of tangible fixed a55ets
Reversal of debtors
Reversal of creditors
Correct f und balances
110,2981
11,3261
2,369
110.2981
11,4651
8,952
11391
113
26
6,470
16,4701
Funds restated at 3111212022
56.rJJ5
66.992
75.884
638,410
837,291
Receipts and Payments Account- 2022 {reststed)
Unrestricted Designated Restrtcted Endowment
fund5
fund5
funds
funds
Total
funds
Incomlng rosour¢¢$
Incoming resoulces from donors
Incoming resources from operab'ng aGtwitE5
Activities for generating funds
In¥eslm8nl incorne
Other incoming Tesources
Other voluntary incoming resources
Total incorne
9).687
9.186
1.786
378
40
5,431
2.n6
93,453
14,617
1,786
11,765
4,300
5.823
131,744
1.402
161
1.698
4.139
4.480
13.043
8,288
1.343
103,380
7.034
8,288
Ro$oU￿¢S used
Go$ls of generatlng funds
Granis payablÈ
Adwitie5 dire¢lly relating to the work of the ch
Support costs
Church management and administration
Totsl expenditure
206
2C
90,465
9,143
2,286
10.152
109.759
2.286
11.572
123,823
11.572
102,243
11.429
10.152
Net Income I lexponditurel resourc¢s bofor•
transfer
1,137
14,3951
12,8911
8,288
7,921
Transfers
Gr055 transfers between funds- in
Gross transfers belween funds-
2.319
13.0001
3,000
12.3191
5,319
15,3191
Other recognised gain8 I losses
Gains 11055es on investments
Net movement in fund5
4.087
19,1631
6.386
12,8141
1.137
8,288
12,5S21
Total lund5 broughtforward
Reslalemenl of funds
Total funds carrled forvjard
57.679
2,812
56,005
76.154
78,699
630,122
839,843
2,812
637,291
86,992
75.885
638.410
23