The Parochial Church Council of the Ecclesiastical Parish of Aldridge, Diocese of Lichfield St. Mary the Virgin - Parish Church St. Thomas, Church st. Mary's Mission Tynings Lane Report and Accounts for the year ended 31st December 2023 Charity Registration Number 1139511
Parochial Church Council of the Ecclesiastical Parish of Aldridge Diocese of Lichfield 14 The Green, Aldridge. Walsall WS9 8NH The Annual Re ort for 2023 Minis Team Durin 2023 Rector Revd Steve Doel Revd David Sims Revd Jon Morley Trustses - Members of the Parochial Church Councll pcc Mr l Anderson Mr lan Baldwin Mr N Beck (Retied Apr 23) Mrs H Boume (Retired Apr 23) Mr J Chalmers (Lay Reader) Mr M Chapman (Appointed Apr 23) Mr D Clayton (Warden) Mrs G Davis Mr A Dickson (Warden) Rev S Doel {Rector) Dr C Flenley (Warden) Miss H Ford Mrs J Ford {Retired Apr 23) Mr P Ford (Appointed Apr 231 Mrs S Grundy (Warden) Mrs E Gra {Retired Apr 23) Mrs A Harrison Mr S Harrison {Lay Reader) Dr J Lee (Warden) Mrs A Luik {Warden, Appointed Apr 23) Mrs K Mason Rev J Morky Ms S Parker Mrs J Peel (Appointed Apr 23) Mrs Kathleen Robinson Rev D Sims Mr C Stanford (Warden) Ms Louise Tompkinson (Retired Apr 23) Mr I Wlkes (Appointed Apr 23) Mr P Young (Treasurer) The PCC comprises: Clergy, Churchwardens. Deanery Synod Representatives and elected members from each of the three churches within the Anglican Parish of Aldridge. Elected members serve for a period of up to three years. All ¢hurth attendees are encouraged to register on the Electoral Roll and stand for elections to thè PCC. The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is registered with the Charity Commission. registration number 1139511. Secretary and Administrator.. Andrea Potter. Treasurer: Phil Young Bankers Aldridge Parish Church & Tynings Lane Church- Lloyds Bank St Thomas Church - National Westminster Bank Back The Anglican Parish of Aldridge comprises three Churches, Aldridge Parish Church {St. Mary the Virgin } situated on The Green in the centre of Afdridge, St. Thomas, Church situated in St Thomas Close and St Mary's Mission in Tynings Lane. Revd Steve Doel, Rector, is based at the Parish Church, The Revd David Sims is the minister based at St Thomas, Church and Revd Jon Morley is the Curate. The PCC comprises representatives of all three Churches and meets to discuss parish-wide matters, to re1ve reports from the the district committees and to debate wider issues. They are the Trustees of the Parish finances. Each Church has its own district committee which meets regularly throughout the year and which is free to set up appropriate $ulF commtttees to carry out the day to day work of each worship ntre.
Structts Governance and Mana ement The method of appointment of the PCC members ts set out in a scheme adopted by the Annual Parochial Church Meeting on 291h April 2019. The PCC is made up of: clergy who are licensed to the Parish., all persons who have been elected to service on the General Synod, Ihe Lichfield Diocèsan Synod, and the Walsall Deanery Synod,. all persons who have been elected to seprfe as Church Warden at the three churches in the parish,. a number of lay representatives who have been elected to serve on the area committees, as delegated by those committees. Elections to the area committees are carried OLrt in accordan with the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll and stand for &lection to one of the area committees. ectives and A tivities The purpose of the Charity as stated in the goveming documents is to Coaoperate wrlh the incumbent in promoting in the ecclesiastical parish the whole mission of the church, pastoral, evangelisti¢ and ecumenical and to provide public benefit through the provision of free regular publi¢ worship open to all. In addition to this we provide grants and gifts to support the wider mission of the church beyond Aldridge, to benefit people in this country and overseas. How our activities dellver ublic benefft and who has benefitted The principal gathering points of the church are our Sunday services which provide public benefit as they are open to all who wish to attend. We have continued to offer web-based access to ¢hur¢h services post-pandemic for those who wi8h to continue to shield or cannot easily attend a physical servi. As 11 as our regular weekly Servi$, we enable our communty to celebrate and thank God at the milestones of the joumey through life through baptism and wedding Servi8, and to mourn and reflect at funeral services and memorial services. The annual Remembrance Service involved representatives from arAoss the community as we remembered those who have served and given their lives for us. The weekly activities are varied and cover a whole range of different areas. The following provides a brief summary of some of the events that took place during 2023. 1. Worship teams and other music211singing activities in support of Sunday services. 2. Wednesday Worship. a mid-yek seNice led mainly by lay members of the congregation. 3. Alpha courses and other meetings and events which helped people to understand the Christian faith. 4. Small groups meeting on-line together for fellowship, prayer arKI bible stLKIy. 5. Working wtth toddlers, children, young peop, unrformed groups and studènts in groups and ¢lubs throughout the week. 6. Supporting senior members of our community through groups whiGh meet regularly in the church buildings in our parish. 7. Healing on the Streets a tearn from the Church praying for healing for local people. 8. The Marriage Preparation Course, providing support for Couples preparing for marriage. All of these activities are dependent on the many volunteers who lead and give of their time to enable all areas of the Church to function. Whilst we employ both full and part-time staff and we have bNo clergypersons appointed to the Church, we would not be able to function in the way we do without the input of all of our volunteers. The scale of the work of the charity is greatly enhanced by the input of all the members of the Church. The PCC and staff regularly review the activities of the church looking at the success of each key activity, assessing the benefits to those attending and planning future adivities
accordingly. The success criterion is asking does this activity help, support, encourage and build up people in their lives and faith. We have releed to the guidance contained in the Charity Commission's general guidano on public benefrt when reviewing our aims and objectives and in planning future adivities. Flnancial Review Leve15 of voluntary income dedined in 2023 by £14,016 to £342,282 though it should t noted that 2022's income was bolstered by a £19,000 legacy received. Other incoming resources were largely flat, year on year, leading to an overall reduction in income of £16,243. Inflationary pssureS have impacted expenditure levels, whlch inlxeased by £22,594 to £550.507. Taken together this has meant that an overall surplus of £5,209 In 2022 became a deficit of £33,628 in 2023. General reserves of £167,717 provide us with a reasonable financial cushion, although decreased regular giving levels continue to impacl our financial planning. Incoming Resour5 Unrestricted direct giving decreased by £23,646, moving from £335,929 to £312,283. The splil of giving across the three churches changed a little compared to 2022, with 600A contributed by APC12022 55%), 31 % by St Thomas's (2022 350h) and gQh from Tynings Lane Church (2022 100A). Direct giving for restricted purposes in¢reased during the year by £9,630 from £20,369 to £29,999. Amounts are given eaGh year at Tynings Lane in fespect of the Children's Worker and House, with amounts given at APC and St Thomas for various appeals as the need arises. Income from events and a¢tivitles increased by £908 from £87,849 to £88,757. This level of expenditure reflects the broad range of activities that are undertaken on a regular basis across the parish. Pre-school groups generated the bulk of this income, £46,377 (£51,110 in 2022). Grant income (restricted and unrestricted) decreased by £3,877 from £53.335 to £49,458. £41,650 of grant in¢ome was received from the Cooper and Jordan Trust to support various lay workars across the parish and the trustees remain extrernely grateful for the trust's financial support. Other grant income in 2022 included a £4,000 Covid-related grant. Trading income de¢reased by £1,492 from £29,539 to £28,047. A substantial proportion of this income is generated by hires of th8 church ontre building, wilh smaller amounts generated from Ihe hire of St Thomas and Tynings Lane church buildings. The net effect of these and other changes was a de¢ase in total incoming resources of £16,243, from £533,122 to £516,879. Resour8 Expended Expenditure on grants for mission decreased by £12,850 from £47,171 to £34,321, split into unrestricted grants of £31,990 and restricted grants of £2,331. It is the intention of the three churches to allocate at least 10% of the prior yearfs unreslricted direct giving for mission purposes in ac¢ordanGe with the objectives of the ¢harity. Grants were made to both local and international organizations, with each local church council deciding on its own allocation of funds. Lay ministry costs increa*d by £7,626 from £107,176 to £114,802. This increase was due to cost of living increases- staffing levels remained unchanged between 2022 and 2023. Costs directly relating to the work of the church increased by £25.013 from £250.494 to £275,507 an increase of 10%. Parish Ministry Costs fell by £5,313 during the
second year of the new Common Fund calculation of these costs. Repair costs continued to be quite low, coming in at £30,209 compared with £19,130 in 2022. The increase in energy costs impacted the parish, with light and heat costs increasing from £26,067 in 2022 to £34,307 in 2023. Expenditure on everrts and adivities increased from £78,637 to £87,514 reflecting the wide range of activities offered by the parish. Church Administration is a wide-ranging expense category, including administrative staff costs, printing and stationery, telephone, intemet and photocopying costs. These costs amounted to £32,073, an increase of £1,213 compared with 2022's expenditure of £30,860, mainly due to salary increases for paid admin workers. There wefe no changes in administrative stsffing levels during the year. Trading costs of £146 (2022 - £514) were costs of catering and related Costs associated with room hires at the Parish Church. Expenditure for the whole parish was £550,507 in total, £22,594 (4.30kn) rnore Ihan 2022's expenditure of £527,913. Expenditure was £31,908 more than the total incoming resources of £518,599. Unrestricted activities incurred a defi¢it of £22,473 with a deficit of £9,435 being incurred from restricted activities. The level of unrestricted reserves at £167,717 represents 34% of unrestricted resources expended durin9 the year (see comment on reserves policy below) Balance Sheet The fixed assets balan reduced by £24,653 to £1,003,672, being the deprecialion charge for the year for the church centre. The church onlre is held within restricted a¢counts. Debtors increased from £21,827 to £23.404. £21,875 of the year*nd 2023 balan was the HMRC Gift Aid debtor (2022, £20,009) Cash balances de¢reased from £227,097 to £222,948. The closing cash and bank balan is more than sufficient to cover commitments owing from restricted funds received. Creditor5 inGreased from £26,244 to £32,647. Public Benefrt The Trustees of the Charity are aware of the Charity Commission's guidance on public benefit in The Advancement of Religion for Public Benefit and have regard to it in the administration of the Charity. The twstees believe that, by Exomoling the work of the Church of England in the Ecclesiaslical Parish of Aldrtdge it helps to promote the whole mission of the church (pastoral, evangelical, social and eGumeniGal) more effectively. within the Ecdesiastical Parish, and that in doing so it provides a benefit to the public by.. Providing facilities for publi¢ worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefil from what the Church offers, and Promoting Christian values and Servi by members of the Church in and to their communtties, to the benefit of individuals and society as a whole Risk Mana ement The trustees acknowledge that they are r8spon$ible for risk management and revtew the major risks, both financial and non-financial. to which the Church Council is exposed in the course of its Gurrent activities. Risks are assessed to ensure that appropriate systems and controls exist to minimize intemal risks and that effective response mechanisms exist to
respond to and minimiz& the impart of external rssks. A working party has been establlshed across the three worship ntreS to formulate policy for the Church Council and which ensures that appropriate rtsk assessments are carried out on a regular and systematic basis The operation of three separate ¢hur¢hes, each with its own district committee, financial System and delegated powers, increases the likelihood of low impact events, but lessens the likelihood of high impact events. Most identified risks are likely to affect only one of the three worship centres. giving a degree of resilience that would otherniise not be p0$5ible. Finance risks are managed by budgets and regular financial reviews with appropriate intemal control ProdureS in place. Operational risk is managed in a variety of ways, for example by utilising appropriate insurance policies, examining atternative meeting venues etc. Legal and statutory requirements are reviewed on a regular basis, and ¢omprehensive Child and Vulnerable Adult Protection Policies are in place. Trustees, Res onsibilities The trustees are responsible for preparing the Trustees, Annual Report and the financial statement5 in accordan with applicable law and United Kingdom Ac¢ounting Standards (United Kingdom Generally Accepted A¢¢ounting Practi). The law applicable to ¢haritie5 in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stste of affairs of the charity and of the incoming resources and application of resources of the char51y for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistentty,. observe the methods and principles in the Charities SORP 2019 (FRS 102)", make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subj'ect to any material departures disdosed and explained in the financial statements; prepare the financial statements on the going conom basis unless it is inappropriate to presurne that the charity will continue in operation. The trustees are responsible for keeping proper 8¢¢ounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity {A¢counts and Reports) Regulations 2008 and the provision5 of the governing documeT7t. Thèy arè also responsible for safeguarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Volunteers In temis of the number of hours spent on preparing for and running church activities, the majority of effort comes from volunteers. The work of the church could not be sustained without the contribution made by volunteers in all aspects of its minislry, from holding church servIs, to children's and youth work, pastoral work, maintenance of the church bulldings, operation of the church ntre, govemance and management of the church. The apFJointment of volunteers has due regard to safe recruitment processes, particularly where the work involves working with children or vulnerable adults. This will include, where appropriate, having a fonnal job description, being interviewed with references taken up, and the completion of DBS checks. Reserves Poli It is not the policy of the PCC to maintain a minimum balance on unrestricted reseNes other than to cover short-temi needs. The unrestricted reserves at the year-end of £167,717 would
allow for a period of continued op8ration of around 4 months in the event of an emergen situation. Because of its commitment to international mission together with outreach work within the local community, the PCC Gonsiders that any resources generated in addition to those forecast in its budget would most likely be spent in the current year rather than carried forward. The balance of £1,049,660 in Stricted fvnds includes £1,003,672 held in respect of the Church Centre building at the Parish Church. These reserves will decrease over a period of 50 years as the building cost is amortised through the SOFA. On behalf of the PCC Rev Steve Doel (Chair) 15th September 2024
Independent Examiner's Report to the Trustees of The Parochial Church Council of Aldridge I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023 which are set out on pages 8 to 15. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act,). I report in respeGI of my examination of the charlty's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Dir8Ctions given by the Charity Cornmission under section 145(5){b) of the Act. Independent examiner's statement sin the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. l Gonfirm thal l am qualified to undertake the examination because I a member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection wÉth the examination giving me cause to believe that in any material respect.. accounting records were nol kept in respect of the charity as required by section 130 of the Act., or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charilies (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view. which is not a rnatter considered as part of an independent examination. I have no concerns and have come acros5 no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Richard Smallwood Chartered Accountant 20 Birmingham Road Walsall West Midlands WS12LT
PAROCHIAL CH RCH OUNCI OF ALDRI SUMMARY OF FINANCIAL ACTIVITIES FOR THE YEAR ENDEO 31ST DECEMBER 23 Unrestricted Restricte unds TOTAL FUNDS TOTAL FUNDS 31112122 Incomin Resou Voluntary Income Direct Giving Grants Received Events & Aclivrties Activities for Generating Funds Other Ordinary Income Trading Income Investment Income 28 2b 312,283 38,058 88.757 114 3,609 28,047 1,567 29.999 11.400 342.282 49,458 88,7S7 114 4.892 28.047 1.649 356.298 53.335 87.849 1.375 4,544 29.539 182 2c 1,283 2d 2e 82 472,435 516.879 533,122 Resources Ex Grants for Mission Lay Ministry Support Costs Costs directly relating to the work of the chufch Events and Activilies Tynings House Governance Costs Church Management and Administration Trading Costs Costs of Generating Funds ed 31,990 98,156 490 2,331 16.646 34.321 114.802 47,171 107,176 1,797 3b 3d 3e 243.129 87,224 32,378 290 2.234 275.507 87.514 2.234 3AOO 250.494 78.637 6,940 3,300 3g 3,400 3h 32,073 146 20 32,073 30.860 514 1,024 496.628 53.879 550,507 527,913 Net movement in funds -24,193 -9.435 43,628 5,209 Opening Balance 190,627 1,060,378 1351,005 1,245,796 Transfer Between Fund5 1,283 .1,283 Closing Balance 167,717 1.049.660 1217,377 1.251,005 All income and expenditure derive from Cont1ng activities
PAR HIAL CHURCH COUNCIL OF ALDRIDGE NCE SHEET AT 31ST DECEMBER 202 31ST DECEMBER 2023 31ST DECEMBER 2022 Flxed Ass Fixed Assets 1,003,672 1,028,325 1.003.672 1.028,325 Current Assets Debtors Cash at Bank 23.404 222,948 246,352 21,827 22 1,097 248,924 Credlto 32.647 26,244 Net Current Assets 213.706 222,680 NET ASSETS 1 217377 1,251,005 Funds unresth.cted Funds ReslT7cled Funds 167.717 1.049.660 190.627 1,060.378 1.217.377 1,251,005 Approved by the Parochial ChLty¢h Counul and signed on its behalf by.. Rev Stew Doel (PCC Chalr): Phll Young {TreasurerTr: 15th September 2024 The notes on pages 10 to 15 fM part of the accounts
PAR CHIAL CHURCH COUNCIL OF ALDRIDGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DEC 2023 2022 1 ACCOUNTING POLICIES The accounting polioes are set out or¢ page 15 2 INCOMING RESOURCES 2a Voluntary Incomg- Dlrect Giving (including rnstrict•d items} St. Mary the Virgin- Parish Church -gift aid recovery st. Thomas -gift aid recovery St. MaS Mission TynThigs -gift aid e0Very Other 173,902 3S,509 B4.344 15,675 23,958 8,339 555 342.282 159,293 34,776 108.952 17,338 29,424 6,515 356,298 2b Grants Received Cooper & Jordar5 Trust re lay workers Other Grants 45,118 4,340 49,456 45,118 8,217 2c Activibes for Gengrnting Fund• Fundraising events Commission on photographs 1,375 114 114 1.375 2d Tradin8 Income Bookstall Income Hire of Chufch 8uilding8 16 29,523 29.539 2B,047 28,047 2e Investmgnt InGomg Bank Interest 1,649 182 3 RESOURCES EXPENDED 38 Grants Grants to Institubons, local 8nd overseas Grants to Individu81s, local and overse88 23.137 11.184 34.321 35.987 11.184 47.171 3b Lay Mlnlslry Lay Workers in Aldridge 114,802 107.176 Support Costs Teaching materials. DBS checks 1.797 Costs directly relating to the work of the Church Parish Ministry st. Mary the Virgin- Parish Churth St. Thomas Sl. Mary's Mission Tynings Restrt¢ted $xpendlture on Chur¢h Centre Church Centre Amortisalion General church upkeep etc. Sl. Mary the Virgin- Psh Church Sl. Thomas Sl. Mary's Mission Tyning5 60,000 55.28q 8.208 60.000 59.306 9,496 92 24.653 24,653 72.320 40.328 14.717 275.507 58,071 26,655 12.221 250,494 10
PAROCHIAL CHURCH COUNCIL OF ALDRIDGE NOTES TO THE FINANCIAL STATEMENTS continuè FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 2022 3 RESOURCES EXPENDED Continued 3e Ev8nts and Actlvit•O8 Church activities Note: Income and expendibjre are both gross in the accounts Tyniiws Houso purchas& Iseg note 4) Amortisation Repairs and refurbishments costs 87,S14 78,837 3f 4,111 2,829 6,940 2,234 2,234 3g Goveman¢e Costs Independ¢nl Exatninalion Ctydls 3.400 3,300 3h Admlnlstration Sl. Mary the Virgin- Parish Church st. Thomas 23.170 8,903 32,073 22,452 8,408 30,860 Trading Costs Caterin9 for Room Hires 514 514 146 ASSETS AND INVESTMENTS Fixod Assets Church Centre. 4 Tyning Lane- Total Cost At 1 January 2023 Addiltons At 31 DeGsmber 2023 1,232,641 151,537 1.384,178 q,232,641 151.537 1A84,178 Amortisation Al l Janyary 2023 Chaige for year At 31 Dacembef 2023 204.316 24,653 22&969 151.537 355.853 24.653 380.506 151,537 Net Book Value At 1 January 2023 At 31 December 2023 1,028.325 .003.672 1.028.325 1,003.672 ' The Church Centre was completed during 2014. The wst repsentS the sum expended on construction work, Consulting engineers costs and ard)rtects fees during the build. The buildingsare being depreciated over a 50 year period. The original Cost of th¢ fre8hold property at 4 Tyning5 Lane was £f42.000 plus legal fees which were charged to revenLte. The cost was financed through a loan from The Royal Bank of Scotland amounting to £106.500. a contrtbution from the Cooper & Jordan Tnjst of £23,000 and church funds. Through the Lichffield Diocesan Trust Aldridge PCC retain an 83% intèrest and the Cooper & Jordan Trust a 17% interest. Ouring 2007 the original loan w8$ wound up and the balance transferred to a new loan which included an addibonal adv8n¢e of £9537 together with a £1776 arrangement fee. The additional advan was to assist vAth the refurbrshments at 4 Tynings Lane and was lully repaid dLsfTng 2022. 2023 2022 Debtors Income Tax Recoverable other Debtors an(1 Prepayments 21.875 1.529 20,009 1.818
PAROCHIAL CHURCH COUNCIL OF ALDRIDGE NOTES TO THE FINANCIAL STATEMENTS continued FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 2022 LIABILITIES CreditOf5 Taxation and Social security Gr8nlg Acwls Other Creditors 2.388 5,181 26,078 2,519 2,800 20,925 32,647 26,244 FUNDS Unre$trf¢tod Fund8 Parish StThomas i¢h Church Other Total Mlsslon General Designated 105,031 22.990 14,359 8.752 7.000 146,358 21.359 Balance 31M2123 105.031 37.349 167,717 DetailB of Deslgnated Funds Carried Forward: St Thomas Church ITIAV Fund Russell Legacy Nthork Trust Tom's Toddlèry4 Building Fund 2,468 9,148 1,023 1,720 7,000 Tynings Lane Church Rostrlcted Fwd$ Pa Church homas St Ma Church Mission Balance 01101r23 ReiVed in year Allocated in Year Transfer betsveen funds 1,051,209 21,802 -26,288 -7,057 6.721 9.116 ,459 333 2.447 13.526 .19.132 5,441 1,060,378 43,879 -1,283 Balance 31112123 1.039,686 7,711 2,282 1.049.660 12
PAROCHIAL CHURCH COUNCIL OF ALDRIDGE NOTES TO THE FINANCIAL STATEMENTS continuBd FOR THE YEAR ENDED 31ST DECEMBER 2023 Dotai15 of RoStrf¢ted Funds Carnied Forward: Parish Churth Organ Fund Tower Fund Church Repairs Church Centre Fund Church Weekend Fund Oiher Funds Migsion Fund8 Other Funds House Account Chiklren's WoTker 4,023 3,332 20.000 1.003,678 5.075 3,558 1,7S8 5.953 2,282 StThomas st Marvs Mison Tynings 1.049,660 Restricted funds are represented by.. Tangible Fixed Assets Current Assets less Creditors 1.003.672 45.988 1,049.660 2023 2022 Staff Costs Wa9e5 and Salaries Pension Costs Social Se¢urtty cost$ 188.476 3.140 9.508 201.124 174,165 2.932 8,719 185,816 During the year the PCC employed fwe lay workers, four admlnistralors and five playgroup workers, none ofthom eamed more than £60,OOOpa. None of these were entiued to vote at PCC meelin9$. The lollong aMnts were pald lo reimburse expenses.. Rov S Doel Rev J Morfey Rev D Sims 1,336 1.093 896 There were Th) other disc105able Iransac*ons. 10 Capital Commitmonts There were capitsl commtbnents al the year end. 13
PAROCHIAL CHURCH COUNCIL OF ALDRIOGE NOTES TO THE FINANCIAL STATEMENTS continued FOR THE YEAR ENDED 31ST DECEMBER 2023 11 SOFA Compardttv Unrestrictsd Restricted Funds FutMIs TOTAL FUNDS coml Voluntsry Income Direct Giving Grants ReNed 335,929 43,185 87.849 1.375 20,369 10,150 3S6,298 5133S 87049 1A75 4544 29.539 182 S33.122 Even15 & Activities Activiiies for GeneTating Furwjs Other Ordinary Income Trading Income Investment Income 29,503 182 36 502,567 30.555 Resources Ex Grants for Mission Lay Ministy Support Cogts Costs directty relating lo the work of the church Events and Adivib"e5 Tynings House Govgmance Costs nded 44.357 92.054 1,797 2.814 15,122 47,171 107.176 1.797 221,717 78,637 28,777 250,494 78.637 6.940 3,300 6.940 3,300 Church Managemenl and Administralion 30,788 514 92 30,860 514 Trading Costs Costs of Grating Funds 1.024 474.168 1.024 527.913 53.745 Not movomont in funds 28.399 -23.190 6.209 Totsl Fund brought forward at 0110112022 162.359 1,083,437 1,245,796 Transfer betren funds -131 131 Total Funds carrred forward 013111212022 190.827 1.060.378 1.251.005 14
PAROCHIAL CHURCH COUN ILOF ALDRIDGE NOTES TO THE FINANCIAL STATEMENTS contlnu FOR THE R ENDED 31ST ECEMBER 2023 12 A¢¢OUNTING POUCIES The nature ol the chaHtys operalion5, constitulion and principal acttvilies are describecl on pagè 1. The financial staternents have been prepar8d in accordan Mth Accounting and Reporting by Charitss,. Statement of Recommended Practice applicab to chariles prep8ring they armunts in acCordan¥th the Finanal Reportyng stsnda applicable in the UK and Republic of Ireland issued in October2019. t FiaThal Reporting Stsndard applicabk in the United KiThJdorn and Republic of Ire18nd IFRS 1021, the Charities Act 2011 and UK GenerallyAccept8d Accounting Pta¢b"¢e. Th th8rity cvDslilute5 a public benèfitenbty as defme¢l by FRS 702. The financial ststements have been prepared to give a'true and fair, view and have departed from the Charitse5 IArMunts and Reports) Regulations 2C4)8 onlyto the extent required to provide e'true and fairvkty. Thi% departu[8 h85 invofv8d followng the AccDunts"ng and Reporting by CharitBs." Statement (rf Recwmend Practi appliLxb18 to charibe5 pryng their a¢counts in aA)ran wih the Fin8ncK41 Repoiting Standard applicable in the UKand Republ of Ireland i85ued in Octoter 2019 rather Ihan the AccountiNJ and ReporliTh9 by Charits"e$'. Statement of ReGommended Pract¥ effectN8 from l April 2005 whirj) has since been 4wlhdfawn. The financial statements are preparett on a going concern bas undèr th8 historical cost cA)nventn. account5 are presentsd in $tsrting, whic is the fvnctronal currency of th8 charity and round8d to the n8are8t Th$ sKJTrrficant accounting policies appliod in the preparats.on of these finanoal statern8nts are set outtjèlow. These poliue5 have been consi5tentty appl to all y¢aTS presented unless othomso statèd. Funds General hjnds represent the lunds of the PCC that a notsubiectlo any resthctions regarding theiruse and are availab for application on general purp of the PCC. Fsjnds desKJnated for è p3iticuLqr purpose bythe PCC a also unrestricted. Tha accounts include all tran58ction$, assets and liabille$ forICh the PCC responsiblo. Inco r¢ Voluntary Income and ¢apltal sources co118cb.ons arg recogni86d when received by or on behaw of the PCC. Income tsx recovèrablè on grft don8thS q teeogni5ed whèn lh8 incame is recognised. Grants and legarAe$ to the PCC are accounted for as sooll as Ihe PCC is notifd of ts legal entknent and 8mountdue. FuThds raised by adiviues events aro a)unt•d for gross. othgr ordinary Incomg Rentsl income from the tting of chu¢th premises 18 rewni8ed when the rental Is recel¥td. kncome from in¥t[Rents Int8r85t is accounl&l forwh9n receivable. R8sourcg8 used Gr¥nts Grants and donab"on5 are account forwhen award8d, Indling those committed at the yearod. Activittes diTr¢tty relat(ng to the work ofthe Chureh Th8 Diocesan Paroh Share (Parish Ministyl is accounted forwhen payab. Fixed Assets Conwnted lènd and building¥ and fflovable church furnlshlngs Consecrabl and beneficed PToperty and fumtshinos are excluded fr¢rn the aecDunls under¥.10 of the Charities Act 2011. No other item$ of signfficant value are known to be 0ed by thè Parish. Freehd Property The chur¢h ntre is beneftiaHyowrEd by PCC. Costs will b8 depwiakd on a straighi line basis over50 ar5. The freehold property 4 Tynlngs Lane was purtha5ed during 2003 is fully deprecpted. Current Amounts ovnng at 31st December 2023 in respect of fees. nts or other Income are shown as d8b10 kass PTowsion foramounts that May prove uncolk8ctible. Short 18rm deposits indude cash held on dewsil at the bank. Jenrry Do81. the wfe of trustee Rev Steve Doel, was ernOYed during the y88r as churth lay worker in acoirdance wilh norrnal PTocEdures and pay rates. Rev Doel wa$ not Involved in approvSng the terms of the appoinim$nt. 15