2023-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Mary The Virgin And St Chad, Brewood

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Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 01 01 2023 To 31 12 2023

Secton A Reference and administraton details

Charity name Parish Church of St Mary & St Chad, Brewood

Other names charity is known by Registered charity number (if any) 1148963 Charity's principal address Church House, 7 Church Road (eg. Address of the church or church office) Brewood Stafford Postcode ST19 9BT

Names of the charity trustees – Members of the PCC - who manage the charity

Trustee name Ofce (if any) Dates acted if not for whole year 1 Rev Simon Douglas Vicar Sept – Dec 2023 2 Rev. Marilyn Coulter Priest with permission to officiate 3 Joanna Monckton Deanery Synod Rep. 4 Chris Bywater Churchwarden 5 Kenneth Ebbrell 6 Michael John Evans 7 Shirley Joan Snow Licensed Lay Minister 8 David Hunt Treasury Team Leader 9 Robert Ian Hunter 10 Anthea Rosemary Taylor Deanery Synod Rep. 11 Megan Pittwood Electoral Roll Officer/Churchwarden Jan – Nov 2023 12 Robert Frank Short 13 Sheila Pickrell 14 Robert John Short Deanery Synod Rep. 15 Richard Hancher 16

Name of Chairman of the PCC (Optonal informaton)

Christopher Bywater, to September 2023

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December 2023

Secton B Structure, governance and management

Descripton of the charity’s trusts

Type of governing document (eg. trust deed, constitution)

Parochial Church Council Powers Measure (1956) as amended, and Church Representation Rules that came into effect on 2 January 1957.

How the charity is constituted (eg. trust, association, company)

Church Representation Rules 2 January 1957

Trustee selection methods (eg. appointed by, elected by)

Elected

Public Beneft Statement (Mandatory informaton)

Summary of the main actvites undertaken for the public beneft in relaton to these objects (include within this secton the statutory declaraton that trustees have had regard to the guidance issued by the Charity Commission on public beneft)

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 Brewood 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 facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers; and

• 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.

Additonal governance issues (Optonal informaton)

You may choose to include additional information, where relevant, about:

policies and procedures adopted for the induction and training of trustees;
the charity’s organisational structure and any wider network with which the charity works;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them; (Put your Risk Assessment Policy here)

Until September 2023, when new incumbent started, the churchwardens have taken on the general running of the parish, supported by the ministry team and PCC.

PCC Members (Trustees) are appointed by election at the Annual Parochial Church Meeting (APCM) which is held each year, prior to the end of May. Members of the church Electoral Roll are entitled to be nominated, seconded, and voted into office by those at the meeting, who must also be Electoral Roll members. PCC members are normally elected to serve for a three-year term and can then stand for office again for a further three years. They must then stand down for a year before standing for re-election.

The Treasury team handles all matters of finance and donations, including giftaid claims on behalf of the churchwardens and PCC. The treasury team is elected annually to this role by vote taken at the first PCC meeting following the APCM.

The Fabric Sub-Committee consists of both churchwardens, members of the Treasury Team, and one or more designated PCC members.

The Staff Team, which consists of the vicar, the assistant minister, the schools and children’s minister and the licensed lay minister(s), and meets monthly, beginning with prayer, to consider the pastoral mission and ministry of the parish, in conjunction with the Mission Action Plan (MAP) which describes and informs the growth, both numerically and spirituality.

The Standing Committee consists of the Vicar, churchwardens, PCC Secretary

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December 2023

and treasurer. It meets as needed to consider and act on urgent matters between PCC meetings.

We have a strong relationship with our neighbouring parish church of St John the Evangelist, Bishops Wood. We share our vicar and leadership team with them, and our churchwardens and finance team have close relations, acting in concert when required.

We also have a close liaison with the two other Brewood church fellowships, which are Brewood Methodist Church, and St Mary’s RC Church. A committee with representatives from all four churches meets several times each year, and organises joint events, often coinciding with major church festival dates.

We have a good relationship with a number of local schools. St Mary and St Chad First School and Brewood Middle School are both church schools and are located near to the church; both frequently bring children to church for wholeschool services, and members of our church team visit both schools regularly to conduct assemblies, etc. St Dominic’s School, also in the village, is an independent school with similar close links to our church.

Risk management is actively and regularly reviewed by the Vicar and churchwardens. A Safeguarding Officer is appointed, and a Safeguarding Policy is in place. We have employed one of our parishioners who is a retired Health and Safety professional, to carry out H & S risk assessments of church premises, and his recommendations have been implemented or are being actively considered. Annual safety checks are carried out on the church and church hall gas systems, lightning conductor system, portable electrical appliances and security alarm system.

The Church and Church House are fully insured via the standard polices of Ecclesiastical Insurance Company, and these policies include Public Liability cover and Employers Liability cover, liaising regularly with EIC staff to minimise insured risks.

Secton C Objectves and actvites

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at Brewood. The PCC Summary of the objects of the maintains an overview of worship throughout the parish and makes suggestions charity set out in its governing on how our services can involve the many groups that live within our parish. Our document services and worship put faith into practice through prayer and scripture, music and sacrament.

Additonal details of objectves and actvites (Optonal informaton)

The PCC does not have a policy on grant making.

You may choose to include further statements, where relevant, about: Investments beyond our bank current accounts are held in CCLA funds.

policy on grantmaking; We have one salaried employee, our Children’s Minister.
policy programme related Most of the tasks of the charity, both administrative and practical, are investment; undertaken by volunteers who are members of the worshipping congregation.
contribution made by Tasks which are beyond the scope or abilities of our members are carried out by professionals on an invoiceable basis.
volunteers;

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December 2023

Secton D Achievements and performance

Every Sunday we hold a main service at 10am which is normally a Holy Communion service using modern liturgy, but which can also be a Family service (Wide Open Worship) or a ‘Morning Worship’ which does not include an act of Holy Communion. On the first Sunday of the month this is the only service that day. On other Sundays, there is also a said Holy Communion service at 8.30am using traditional BCP liturgy.

An additional service was held to mark the coronation of King Charles III.

With particular focus towards children and young people, we have a weekly service for pre-school children and their parents and carers and on one Sunday afternoon each month we hold a Messy Church.

The average Sunday attendance during 2023 was 77 including those under 16. There were 4 baptisms, 2 weddings and 16 funerals. The average attendance of the midweek communion was 15.

We hold a service of Holy Communion on alternate Wednesday mornings. Authorised volunteers take Holy Communion to the housebound on request.

We have a policy of offering infant and adult baptism which can be at one of our main services or at a separate time to suit family wishes.

It is the church’s policy to offer wedding or marriage blessing services to those who request it, and wedding couples are expected to qualify through existing connection to the parish or through regular church attendance prior to the ceremony. The legalities around the registration of weddings changed in 2021 and we have updated our practices in order to reflect these changes.

Summary of the main achievements It is the policy of the church to offer funerals or services of remembrance or of the charity during the year celebration of a life, when requested. Burial in the churchyard is only available to those who qualify by residence in the parish, or by recent residence in the parish where the reason for leaving the parish was to move to a care home. Faculties for reservation of burial plots are not allowed. Our staff team also officiate at services in local crematoria or other local churches when requested. Pastoral help will be offered to all bereaved families as needed, including a service of remembrance close to All Souls Day.

Ecumenical events this year have included prayers and reflections for the Week of Prayer for Christian Unity, a Walk of Witness on Good Friday, a harvest service celebrating our local farms and farmers, and participation in the community light switch-on.

Also mentioned in section B is the work that takes place with three of the village’s four schools (the exception being St Mary’s RC School which mainly liaises with their own adjacent church). We are actively seeking to build closer links with our schools, including providing members to sit on the schools’ local governing boards.

Brewood has an active branch of the Royal British Legion, and a Remembrance Parade and Service is held every year in November, with close Legion support.

We work closely with our local Scouts and associated uniformed young peoples’ organisations. In recent years we have held joint events with them, including garden parties and church services.

A monthly ‘Church Sunday Lunch’ takes place regularly in one of the local restaurants, and this is a well-supported activity for those who would otherwise eat alone.

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December 2023

Secton D Achievements and performance (contd.)

During the year we have been working actively to further our objectives. These will fall into the three new categories being promoted by the Diocese, which are as follows: 1 Discipleship Summary of the main objectves of the charity planned in the following 2 Vocation year 3 Evangelism

Secton E Financial review

Our reserve funds currently total £307k. Our Fabric fund totals £43k. Brief statement of the charity’s 50% of these funds amounts are currently considered as reserves policy on reserves None Details of any funds materially in defcit

Further fnancial review details (Optonal informaton)

The church’s ordinary income in 2023 was £96,903. Approx. £55k of this
You may choose to include was from voluntary giving by church members (£42k was from regular
additional information, where giving). £12k was from Gift Aid reclaimed from HMRC, £7k from
relevant about: wedding and funeral statutory fees. £6,014 was received from
the charity’s principal sources dividends and interest. of funds (including any  Our largest item of expenditure was £48.7k paid directly to Lichfield fundraising); Diocese to provide us with a priest and a house for him to live in. The
how expenditure has remainder of our expenditure pays for the costs of maintaining our supported the key objectives of building, heating, lighting, insurance and phone costs, and paying the the charity; salary of our Youth worker
investment policy and Our bankers are the Cooperative Bank, and they have an ethical investment
objectives including any ethical policy which we support. Our investment policy presently is to maintain any
investment policy adopted. funds up to £50k on an ‘instant access’ basis, and to invest any balance in CCLA funds.

Our Cooperative Bank Current Account balance at year end was £22,064 and our Co-op Instant Access Account balance was £54,871. We had £300,615k invested in CCLA funds.

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December 2023

Secton F Other optonal informaton

Acknowledge any large Grants or donaton in this Secton.

Acknowledging a large Grant in your TAR may be a conditon of acceptance

Secton G Declaraton

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signed on behalf of the	charity’s trustees
Signature(s) Full name(s) Positon (e.g. Secretary, Chair, etc) Date (e.g. Date of the APCM)

	Geraldine Shenton

	PCC Secretary

	21stApril 2024

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December 2023

Independent Examiner's Report to the PCC of St Mary the Virgin & St Chad. Brewood This report on the financial statements of the PCC for the year ended 31st December 2023 is in respect of an examination carried out in accordance with the Church Accounting Regulation5 20061.the Regulations'l and Section 43 of the Charities Act I'the Act'l Respective responsibilities of the PCC and the Examiner Members of the PCC are responsible for the preparation of the financial statements., you consider that the audit requirements of the Regulations and section 43121 of the Act do not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of the Regulations. Basis of this report My examination wa5 carried out in accordance with the General Directions given by the Charity Commission under section1431 Ibl of the Act and to be found in the Church guidance. 2006 edition. That examination includes a review ol the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes congidering any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide 311 the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent Examiner'5 Statement In connection with my examination, no matter has come to my attention= 11 which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with Section 41 of the Act: and to prepare financial statements, which accord with the accounting records and comply with the requirements of the Act and the Regulations have not been met,. or 21 to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. David J Keates MBE 5 Marysgate Brewood Stafford ST19 9JA Date

St Mary and St Chad Church, Brewood Balance Sheet (Separate fijndsl General DesTrgnated RestrictEd Endowm8nÈ At 3111212023 At 3111212022 Fixed a55ets Imestm6n 245.133.46 / 245.133.46 / 245.133.46 / 245,133.46. Current assets InShentS 1.41859 15.76415 105.159.72 1 3.5(M 45/ 2.CQ4.00 / 2.796.30 / 4,800.30 / 1.771.07 110,353.38 22.064 90 1 132,418.281 314.1W.02 CashA&nkAd In 6232497 / 17,182.74 108,664.17 1,771.07 376.424.99 bilities cr1. Faling tkne In Cheyear 625.67 1 625.67 625.67 / 78.57 Z 78.571 625.67 Net current a55ets le5$ Cljtrent Ilabllltles 17,162.74. 108,664.17 1 4,174.63 1,771.07 131,792.61 376,346.42 Total assets less current liabilities 17,182.74 353,797.631 4,174.631 1,771.07 376,926.07 376,346.42 abilities Total net a55ets le55 liabilities 17,182.74 353,797.63 4,174.63 1,771.07 376.926.07 376,346.42 Represented by Unrestricted Unfe5tnded- (n8Fal Fund 17.220.74 17.220 74 13.072 68 Des4gnated OEsignated- Fabn¢Frfj (Cerall tksignated-(Trgan Fur tsignated-YoL Oesionated- LegacyFund 43.161 38 2,02248 / 1,352.28 / 307,261.49 43.16138 / 2.022.48/ 1.352 2 307.26149 41.49641 J 2.332.48 313.262 84 Restricted Restrded- SeqJe5tratyvn koxnt Resknded- Churchsth Fund ResviLed- Fnends ofStNÈry& Slchad Resinctrd-wakefield TFusl hterest RpslridfxI- tsffard Tombs FUNI 1528851 2.212 28 2,212.28 / 352.79 352.79 2,852.79 1394.441./ 2.(M)4.00 1394.441 2.00400 / 2.(NM.OD Endowrnent Endo¥*rnent- Hdlord Bequest 1.77107,/ 1,771.07 1,771.07 1 376,964.07 / 376,263.42 1.771.07 Fund Totals 17,220.74 1353,797.63 1 4,174.631 117 2024 11..21 Pe 1 of 1

St Mary and St Chad Church, Brewood Statement of Financial Activities For Ihe period from 01 January 2023 to 31 December 2023 Lhyesthctsd P£slricted Entkwmerrt T(knl PriLYSE F¥ce4xs PlJnreO glfig Cpllpt#inn% and othergiiing (Aler1tyrCC£IptS CAftAd reco¥erÈd (kner reiptS ReIp frcm churthactimties Trlal irme 42.183 00 / 8,586.16 4.3.52 11,76220 20.899 33 7,384 00 42.183 OQ. 40,2 00. 8.018.13. 4,503 52 J 264.023.85. 11,76220 11.062 09. 22,484.2 18.226.19Y" 7 3.001 9.288 00. ,903.17 95,319.21 14.96 . 325.158.88 Mssionaryand CharitaAeGiing Parish Share CleTgy8nd Saffing c0515 Church Runiiinq ESe$ Hell Running Costs Church Ropaits &Ni4n1)ce Tclal exrte 46541 48,7231U) 12,712.32- 32,038 11- 3,258.56-' 9,240.60./ 106,438.00. 46541 48.723 00 13,2 87 / 33,04583.. 1.50665 Z 48.723 00. 13,027.05 18,74740Z 2.444.58. 10.524.67 49655" 1,(M)7 72 9.240.60 1,50427 107.94227 / 94.973.35 / tir( I(e[KIrtUrel re50wces kpfLetran51er 111,119.791, 111.039.101 23Q,185.53 Trartsfeys.. I>tsss trdiisfefs bn1nds- In lknss transfers kbNnffiJnds. out 23,870 31 123.636 311, 2.YJO ty) 12.7M.001 J 26.370.31 126.370.311 6,822.58 . 16.822.581. (knlrec(wisedgai11rtsseS insAosses on li1ei3s5eIs Ins u00). assets, thantys use Pt ryKvIIrt infuk¥ 11,73975 1 11.73975/ 853.96 7Crf).65' 230,185.53 Tda1fLmdstffI0rward 370,t6Ui 4,327.94 1,771.07 / 376.263A2 146.077.89 TDt31funds carriedfLnvard 371,018.37 4,17&63 1,T11.07 376.964.07 376,263A21 117 Jawary Z)24 11".22 an) 1 of 1

St Maryand Stchad Church, Brewood Statement of Assets and LiabilleS (by fund) As at.. 31 December 2023 Balance Previou5 balance Investments 1516.. CBF CofE Inv¢$tment Fund LegEKyFund Designated 115.226.67 116,226.87 1517.. CBF CofE Global Equity Fund yFund Designated 75,113.09 / 75.113.09 1518.. C8F CofE Property Fund LYFund Oesigwled 54,793.70 / 54.793.70 Investments 245,133.46 Cash A Bank In Hand 1600.. Cooperative Bank Current Account (nerai fid lJnrestricÈd Re5thted 15.764.1 11,616.09. 1528 8SI Sy]uestrabon Itc(xJnt FabncFuThJ I7erall Urth[d Fund Friends Of9ry8 Stchad t)esi9naÈ Restr¢Éd 129.69 / 2212.28 352.79- Reslnded Oe51gnated EÈsignaled [Signated ResM(tsd 2.022.48 1.352.28 2.332.48 You LegacyFund Wakefield Trust Intsresl 50.000.00 / 1394 441/ 62567 Restr(ed 7857 22,064.90, 62,203.97 Cash At Bank Hand 22,064.90 62,203_97 Deblors ZZ001.' Monles Owed Ioutstanding Invoices) neral fun unre$tted 38.00 1 138 001 1 380) 138.(Y)I encycxlle(C Resthded Debttsrs Investment6 1504.. CCLA Investment CoUnt Friends of&K¥ry& St(hd Le9a¢yFLfftd Reslrided 2.852.79 / 111.327./ 114,180.69.. 1S13.. CCLA Deposit krouni- CB3000692-001 cn8ral lund ihresknC1ed 640.97 / 8.452.27 / 42.613.54 64097 / 8.452 27 / 13.8.42 Fabnc Fund l(mrall LegacyFund [sIgnated tksignated I17LY24 11..18amlPy1 d2

Balance Prev¥ou5 balaiic (Jffato Tombs Fund H(Altrd Bequest Fieshded E[105ment 2.004.00 1.711.07 55,481.85 2.(llM OQ 1.771.07 1514.. CBF Global Fund L8CvFrtd 25,926.73 sIgnad 1515.. CBF Property Fund LegacyFurKJ 63,8 13 63.668.13 Designared 1601.- Cooperative Bank Instant Pce5s £cout)t General F*ri¢FundlGener811 LegawFun 55,544 89 55,544.89 Unrestncted CEsignated thsignatEd 777.62 34.579.42 19,514.49 54,871.53 777.62 34,J8.46 19663.50 54,779.58 encykcounts 6699.- Agency collections efjcycdleth Investment$ 110.353.38 314,100.02 Resthc 625.67 7&57 78.57 625.67 4JgncyAccounts 625.67 78.57 Grand Total 376,926.07 376,225.42 117 a)24 11..18 an) Pffje 2 of2

St Mary and St Chad Church, Brew04 Analysis of income and expenditure Selected period.. 01 January 2023 to 31 December 2023 Total General Designated Restricted Thls yÈaY Last year Receipts Planneil giving 111KI. SftA¢kd Flw)ned [knnatiS 1101- (Xher Wanned 35.W2.(M) 2 6.281.W . 300.(N) / 35.902(M) 6.281 (Kl 24,511.50 6481.50 anred giving Tota15 41.883.00 300.00 42,183.00.¥ 40,993.00- Collections and other giving 1110-ccIe¢ons Icpen R8tel 1111-Cmtadess giitng 6.77337/- 1,812.79 6.773.37 1.81279 ¥ 5.775.62 2.242 51 Collections and other glving Totals 8,586.16. 8,586.16 8,018.13 Other voluntary rec8ipts l115-tknnatis 1,053.59 T 60D.W 1,653.59 / 2.55270 867.65 J 1,t3 S) 259,WO.00 ' 1117- [k)natS fOrCer ChatieS 1)18- Fund Rwsiiio Ewts 1141- Lpgaues 1,360.83 / 1.360.83 1,489.10 J 4,503.52 1,489.10 Other voluntary receipt5 TotJ15 2,414.42 2,089.10 264,023. Gift id recovered 1102- S¢fLded t1.762.20 11.762.20 11062.09 2 Gift Aid recovered Totals 11,762.20. 11,762.20 11,062.09 / Other reGelpi$ 1120- Diii(Ènds & knieresl 5.14911 I4.450 ' 6.014 29 14,470 00 700.m / 1,300.DO 111.978.721 y 2.852 1124-&aTrts 20 1125- Inwme fromfunerals 1151 - Church Hoe Lethngs 7(m), 1.300Tr) / o.( Olher reGebPts Totals 1,300.00 19.599.33 / 1,584.96 22,484.29 18,226.191 Recelpts from chLrch a¢tivitbe$ 1116-PCCFees 7.38400.. 7,384.00 / 9,28B. RecElPts from church activitie5 Totals 7.384.00' 7.384.00 1 9,288.00 Recelpts Grand tots 73.329.78,' 21,988A3 1,584.96.., 96,903.17 325,158.88 , PaynEnts Missionary and Charitable Giving 13(NJ- to Chanbes 46S41 46541 1.506.65 Mission3ry and Charitable Giving Totals 465.41 465.41 1,506.65.. Parish Share 117 Ir24 11..24 aml Pagp I d 2

Total General Oe5ignated Re$tricted Thbs year Last year 1350. Pansh Share 48.72300 48,723 00 48.723Q& Parish Share Totals 48,723.00. 48.723.00 48.723.00., Clergy and Staff5ng costs 13(Y)-ilcarfs Eynses 1318.trganists SeNF 1321-Wages & Wnorana 1330- EdUryb &Ttaining 1.259 401 1,25940 1,8020D Z 10,14747 / 444 %/ 1.802.00 12.7D2.36 11.792.041 1762.851 / 10.98609 / 100 lergy and Stafflng ¢o$t$ Totals 14,504.36 . 11,792.041, 496.55 13,20B.B7 13.027.05/ Church Runnirsg Expens85 1301- Churth Ggs and 8edrb 14.794.13 14.794.13 5,240 09 7,242 / 4,89) 251 353.971 2.269.89 1102- Churth InstYanc£s 5240.09 1311- UpkeepofSeNtsS 1312- Licences ar Fees 2.063.97 5.8918611 45.5 7,955 83 / 1,283 30 2,116.85 12.00 1313-Consumables and SUTKlries 1237.75 2.116.851 12.00 1,163.18 1,BOQ 36., 18.67 1315- &8bcwyC081S 1316- Posts 1320. Churthlord KÈintenaT 1341 - Chutth Ivministralion 1.(yJ7.72 / 1,(D7 72 43 69. 623.73" 4369 1362- SoGi81 CDmFnilth Ewenses 1363.knning msts 28097, 280.97, 3&1.85 ' 31125 311.2 Church Running Exp8n585 Tot315 26,100.701 5,937.41 1 1,007.72. 33,045.83 18,747.40 Hall Runnlny Costs 31QKJ. Churth (>s. @edriaty. 3101- Churth House &neral Costs 3.097.31 16125 3.097.31 2.116.92 / 327.66 Hall Running Cost8 Totals 3,258.56 3.258.56 2,444.5& Church Repair5 & Maintenance 131J- fvlnor Repairs 1317- Chil(tren &Ywth ehpenses 1319- Trgao WIntenCe Repai 1352- Fabric Fund Futhas85 1.122.99 1 394.211 31000/ 1.122.90 / 394 21 310.00 7,413.40 / 9,240.60 5.899.80. 112251 49500 4,01762, 741340 Church Repair5 & Maintevance Totals 9.240.60 10,524.67 Payrnnts Grand totals 93,052.03,, 13,385.97 1,504.27 107.942.27/ 94,973.35 117 J8nw 2024 1124 aml Page 2 cl 2

Parish of St Mary & St Chad, Brewood - Financial Statements for the Year Ended 31 December 2023 Notes to accounts 11 Staff costs Mrs Cathy Short continues to be employed as Youth & Children's worker on a part time basis. All her s3lary payments, Nl payments and pension contributions were administered by Lichfield diocese who Direct Debit the church with a total sum each month. She is 31s0 been paid for an additional 3 hours per week for duties at Bishops Wood, and these reimbursed payments are shown as negative expenditure against 'wages and honoraria, We were invoiced for organ playing by Mr13n Sharman, Mr M31colm Colton-Lowe, Mr Steve Cooper and Mr Dennis Cornes. 21 Fixed Assets Consecrated and benefice property is not included from the accounts by s.1012ll3l&lCI of the Charities Act 2011. Moveable church furnishings held by the Vicar and ChLJrchw3rdens 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 lat any reasonable timel. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the fina ial statements. Fixed Assets are declared for valuation at the end of 202 follows-. C8F Church of England Investment Fund - £115,226.67 CBF Church of England Glob31 Equity Fund- £75,11 .09 CBF Church of England Property Fund - £54,793. End 2023 End 2022 Agency collections pending paYmeILlChfleId Diocese and Funeral sundriesl £625.67 £704- uestration Following the appointment of Rev Simon Douglès in 2023, the Sequestation fund balance was paid in full by the diocese 51 Wakefield Trust The Wakefield Trust is an investment held by the diocese (Lichfield Diocese Trust No 17351 on our behalf. It originates from a bequest of £17.003, given by Miss K Wakefield in 1980. Interest accruing can be claimed by the church in order to defray the expen5e5 of the incumbent Ivicarl of St Mary & St Chad In 2023 we have successfully claimed the balonce of Rev Simon's expenses from the trust

Parish of St Mary & St Chad, Brewood - Financial Statements for the Year Ended 31 December 2023 Accountin Policies The financial statements have been prepared in accordance with the Statement of Recommended Practice for Charities ISORPI and applicable accounting standards IFRSSEI or IFRS1021. The financial statements have been prepared under the historical cost convention. The financial statements include all trangactions, assets and liabilities for which the PCC is responsible in1aw. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members. Descri tion of Funds Restricted and Designated funds comprise of two elements'.- al income from tru5t5 or endowments which may be expended only on those restricted object5 provided in the terms of the trust or bequest bl 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 that 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. Unrestricted funds are income funds which are to be spent on the PCC'S general purpose. Incomin Resources Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is atcrued. All other income is recognised when it is receivable. All incoming resources are accounted for gr055. Resources Ex ended Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and 15 accounted for gross. Fixed Assets Consecrated and benefice property is not included as part of the accounts by s.1012llal&lCI of the Charities Act 2011. Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the Church'5 inventory, which can be inspected lat anv 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.