| Parochial Church Council |
ofAll Saints with | St.Mary M | agdalene West Brom |
wich | ||
|---|---|---|---|---|---|---|
| page s | ||||||
| Statement of Financial Activities for the year ended 31December 2022 | ||||||
| 2022 | 2022 | 2021 | 2021 | |||
| U/R | R | U/R | R | |||
| incoming Resources: Page 2 | Note | |||||
| Incoming resources from | donors | 2a | 40,533.76 | 47,522.03 | ||
| Other vol. Incoming resources | 2b | 13,782.37 | 15,611.60 | 36,025.60 | 286.00 | |
| Inc from charitable &ancillary trading |
2c | 43,925.17 | 4,699.57 | 36,460.13 | 293,231.43 | |
| Transfers from investment | accounts | 2d | ||||
| Income from investments | 2e | 2,162.06 - | 26,384.88 | 10,015.99 | 40,099.34 | |
| Total Incoming Resources | 96,079.24 - | 6,073.71 | 130,023.75 | 333,616.77 | ||
| Resources used: Page 3 | ||||||
| Grants | 3a | 430.73 | 100.00 | |||
| Activities directly related | to church work | 3b | 96,138.36 | 90,212.64 | ||
| Fundraising &publicity expenses |
3c | 302.88 | ||||
| Church management &admin |
3d | 13,850.10 | 7,517.38 | |||
| Weddings and Funerals |
3e | 447.00 | 14,647.00 | |||
| Total resources used | 109,972.19 | 112,779.90 | ||||
| Net Incoming/(Outgoing) | resources | 13,892.95 - | 6,073.71 | 17,243.85 | 333,616.77 | |
| Net Movement in Funds |
13,892.95 - | 6,073.71 | 17,243.85 | 333,616.77 | ||
| U/R = Unrestricted. | R = Restricted |
| 2022 | 2022 | 2021 | 2021 | |||
|---|---|---|---|---|---|---|
| 3) Resources used: | U/R | R | U/R | R | ||
| 3a)Grants: | ||||||
| Mission Societies | ||||||
| Relief and Development Home Missions |
430.73 | 100.00 | ||||
| All Secular | ||||||
| Total (Seepage 4) |
430.73 | 100.00 | ||||
| 3b) Activities directly relating Common Fund |
to the work ofthe church: | 49,453.00 | 49,902.00 | |||
| Incumbent Expenses |
551.35 | 605.45 | ||||
| Curate Expenses | 485.64 | 1,475.83 | ||||
| Vicarage | ||||||
| Curate - Home Repairs/Maintenance | ||||||
| Other Clergy Expenses Church - Gas |
6,469.56 | 8,616.16 | ||||
| Church - Electricity | 2,475.42 | 3,013.43 | ||||
| Church -Water |
39.91 | 136.84 | ||||
| Church - Cleaning Materials Church - Bins |
454.00 2,286.70 |
2,698.84 2,151.50 |
||||
| Church Insurance | 4,962.25 | 4,299.65 | ||||
| Major Repairs Church Maintenance |
(please see below) | 9,632.68 | 8,168.51 | |||
| New Hymn Books | ||||||
| Altar Service Requirements | 1,780.29 | 1,262.21 | ||||
| Church Yard | 5,531.00 | 4,372.22 | ||||
| Bookstall | ||||||
| Training and Mission Salaries (Verger, Choir, Organist &Cleaner) |
12,016.56 | 80.00 3,430.00 |
||||
| Coronation Cape |
||||||
| 96,138.36 | 90,212.64 | |||||
| 3c)Fund Raising and Publicity Fund Raising events expenditure |
302.88 | |||||
| 302.88 | ||||||
| 3d) Church Management Church Administration |
LAdministration (please see below) |
12,602.10 | 6,437.38 | |||
| Inspection ofAccounts | 1,248.00 | 1,080.00 | ||||
| 13,850.10 | 7,51738 | |||||
| 3e)Weddings and Funerals Paid to Lichfield |
447.00 | 14,647.00 | ||||
| 447.00 | 14,647.00 | |||||
| Total Resources Used | 109,972.19 | 112,779.90 |
| 3b) Ac | tivities | directly relating to | the work ofthe ch | urch: | |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| U/R | U/R | ||||
| Major | Repairs | comprises: | |||
| Font Holding Fee | |||||
| Font Final Payment | |||||
| Repaving+ Drains |
|||||
| Organ Work | |||||
| Lighting | |||||
| Fire Risk Assessment | &Signs | ||||
| Sacrisity Work |
| 3d) Further Analysis ofChurch | Management | Management | &Administration | expenses: | |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| U/R | U/R | ||||
| Church Administration comprises: |
|||||
| Postage, Printing | ik | Stationery | |||
| Telephone | 2,292.53 | 1,839.26 | |||
| Bank Charges | 646.47 | 525.54 | |||
| Photocopier Lease |
1,341.62 | 1,789.63 | |||
| Website | 193.00 | 175.00 | |||
| Computer Costs |
|||||
| W/B B/5 Legacies | 4,000.00 | ||||
| Signs Scott Ltd | 2,454.00 | ||||
| Other Adminstration | Expenses | 1,674.48 | 2,107.95 | ||
| 12,602.10 | 6,437.38 |
| Parochial Church Co | u | nc | il of All Saints with St.Mary Magdale | ne West Bro |
mwich | ||
|---|---|---|---|---|---|---|---|
| Page 4 | |||||||
| The Church Overseas | and Charities Committee | ||||||
| Allocation offunds for | the year ended 31December 2022 | 2022 | 2022 | 2021 | 2021 | ||
| U/R | R | U/R | R | ||||
| Missionary Societies |
|||||||
| Church Army | |||||||
| Every Child | |||||||
| G.A.P Family Centre- | |||||||
| Ghurkha Welfare Trust |
|||||||
| Relief &Development | Agencies | ||||||
| Christian Aid |
|||||||
| Water Aid | |||||||
| Children ln Need |
|||||||
| Ukraine Appeal | 430.73 | ||||||
| 430.73 | |||||||
| Home Missions | |||||||
| Air Ambulance | |||||||
| Birmingham Childrens |
Hospital | ||||||
| Bishops Lent Appeal | |||||||
| Bishops Ordination | Fund | ||||||
| Childrens Society |
|||||||
| Gifts to Poor of Parish | |||||||
| Ordination Candidates |
Fund | 100.00 | |||||
| RAFA | |||||||
| Sandwell Young Carers |
|||||||
| W Wormwood Trust |
|||||||
| Unnamed Donation |
|||||||
| 100.00 | |||||||
| All Secular Charities | |||||||
| Acorns Hospice | |||||||
| British Red Cross | |||||||
| Lepta | |||||||
| Totals | 430.73 | 100.00 |
| Fixed Assets (Page 6) | Note | 2022 | 2022 | 2021 | 2021 |
|---|---|---|---|---|---|
| U/R | R | U/R | R | ||
| Tangible fixed assets Investment Assets |
4a 4b |
46,237.00 | 257,815.15 | 46,237.00 | 292,596.47 |
| 46,237.00 | 257,815.15 | 46,237.00 | 292,596.47 | ||
| Current Assets | |||||
| CBFDeposit Account (Page 7) CBFDeposit Account - Balance of funds |
60,167.67 137,000.00 |
51,771.23 138,000.00 |
|||
| from sale of7 Hopkins Drive, still held |
|||||
| by Lichfield at the year end West Bromwich Building Society |
62,543.43 | 56,537.91 | |||
| Investment Fund - CCLA 6203830015 |
58,303.37 | 66,082.37 | |||
| Decorations Scheme IDWBRO011 |
352.03 | 352.03 | |||
| Debtors (Page 8) 30 Day Lloyds Deposit Account Bell Ringers |
328.81 6,572.43 611.05 |
342.00 4,835.28 736.78 |
|||
| All Saints Players - Current a/c | 4,004.56 | 4,004.56 | |||
| -Deposit a/c | 640.72 | 640.72 | |||
| St.Mary' s | 56,411.00 | 51,007.99 | |||
| St Philips | 6,443.00 | 297,931.00 | 7,570.86 | 293,231.43 | |
| All Saints Footprint Club |
1,297.21 | 1,297.21 | |||
| Youth Fellowship | |||||
| Ladies Guild | 995.36 | 995.36 | |||
| Childrens Society |
|||||
| Cash at LTSBBank - See Liabilities | 18,665.66 | 11,869.79 | |||
| 204,282.63 | 495,098.67 | 191,131.14 | 483,002.66 | ||
| Liabilities | |||||
| Accruals &Deferred income (Page 8) | 11,254.66 | 1,821.82 | |||
| Net Current Assets | 193,027.97 | 495,098.67 | 189,309.32 | 483,002.66 | |
| Total Fixed Assets &Net Current Assets | 239,264.97 | 752,913.82 | 235,546.32 | 775,599.13 | |
| (Seenote 8) | |||||
| Less: Long Term Liabilities | |||||
| Net Assets (Page 5a) | 239,264.97 | 752,913.82 | 235,546.32 | 775,599.13 |
| page sa | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance Sheet as | at 31 December | 2022 | (Continued) | |||||
| Represented by: |
Note | 2022 | 2022 | 2021 | 2021 | |||
| U/R | R | U/R | R | |||||
| Funds: | ||||||||
| Funds B/F | 235,546.32 | 775,599.13 | 218,016.47 | 442,268.36 | ||||
| Incoming Resources |
resources used |
96,079.24 - 109,972.19 |
6,073.71 | 130,023.75 112,779.90 |
333,616.77 | |||
| Transfer between | U/R & Rfunds | in year | 16,611.60 - | 16,611.60 | 286.00 - | 286.00 | ||
| Suspense | Items | 1,000.00 | ||||||
| 239,264.97 | 752,913.82 | 235,546.32 | 775,599.13 |
| 4) Fixed Assets (for use by the P.C.C.) | 4) Fixed Assets (for use by the P.C.C.) | 4) Fixed Assets (for use by the P.C.C.) | 4) Fixed Assets (for use by the P.C.C.) | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||
| a) | Tangible Fixed Assets |
Freehold | land and buildings | |||||||
| Cost | ||||||||||
| Brought Forward | 46,237.00 | 46,237.00 | ||||||||
| Additions | ||||||||||
| Carried Forward | 46,237.00 | 46,237.00 | ||||||||
| Depreciation | ||||||||||
| Brought Forward | ||||||||||
| Charge for year | ||||||||||
| Carried Forward | ||||||||||
| Net BookValue | ||||||||||
| Carried Forward | 46,237.00 | 46,237.00 | ||||||||
| Brought Forward | ||||||||||
| The "Freehold Land and Buildings" comprises the | curate's house located at 50, | Wilford | Road, | |||||||
| West Bromwich. The gross book value is based | on the value estimated | with the | Ecclesiastical | |||||||
| Insurance | Company. | |||||||||
| Depreciation | is again considered | inappropriate | on the property. | |||||||
| b) | ||||||||||
| Value @31/12/2022 | Value CI31/12/2021 | |||||||||
| U/R | R | U/R | R | |||||||
| Investment | Trust 243 | |||||||||
| Units in CBF's Investment Fund |
243IR | |||||||||
| Investment | Trust 1770 | |||||||||
| 11619I/F | shares (MB Fund) | 240,064.81 | 272,094.90 | |||||||
| 12947 FISFShares (MB Fund) | 17,750.34 | 20,501.57 | ||||||||
| 257,815.15 | 292,596.47 |
| 5) CBF | Deposit | Accounts | ||||
|---|---|---|---|---|---|---|
| Value ei | 31/12/2022 | Value III | 31/12/2021 | |||
| U/R | R | U/R | ||||
| Investment Fund |
re Trust 1770 | |||||
| Brought | forward | 51,771.23 | 44,265.72 | |||
| Dividend | Income | 7,649.97 | 7,481.31 | |||
| Interest | Received | 746.47 | 24.20 | |||
| Funds released | ||||||
| Carried | forward | 60,167.67 | 51,771.15 | |||
| Grand Total | 60,167.67 | 51,771.23 |
| Parochial Church C | ouncil of | All Saints wit | h St.Mary Ma | gdalene West |
-Bromwich | |||
|---|---|---|---|---|---|---|---|---|
| Page g | ||||||||
| Notes to the accounts for the year ended | 31December | 2022 (continued) | ||||||
| 6) Debtors and Prepayments | ||||||||
| U/R 2022 | R2022 | U/R 2021 | R2021 | Total 2022 | Total 2021 | |||
| Telephone &copier |
rental | 328.81 | 342.00 | 328.81 | 342.00 | |||
| Due from Lichfield Cathedral | bookstore | |||||||
| Due from St Mary's | Church | |||||||
| Maintenance contracts |
||||||||
| 328.81 | 342.00 | 328.$1 | 342.00 | |||||
| 7) Liabilities | ||||||||
| U/R 2022 | R2022 | U/R 2021 | R2021 | Total 2022 | Total 2021 | |||
| Amounts falling due within one year |
||||||||
| Provisions and deferred income |
1,552.00 | 1,552.00 | 1,552.00 | 1,552.00 | ||||
| Bank overdraft | ||||||||
| Donations owed | 533.66 | 533.66 | 533.66 | 533.66 | ||||
| Creditors (including |
loan installment) | 9,169.00 | 263.84 | 9,169.00 | 263.84 | |||
| 11,254.66 | 1,$21.$2 | 11,254.66 | 1,821.$2 | |||||
| Provisions and Deferred Income (Unrestricted but Designated) |
||||||||
| 2022 | 2021 | |||||||
| U/R | U/R | |||||||
| S.Lord | 201.00 | 201.00 | ||||||
| S.Lord ASPS | 400.00 | 400.00 | ||||||
| Z Farr | 951.00 | 951.00 | ||||||
| 1,552.00 | 1,552.00 | |||||||
| Creditors | 2022 | 2021 | ||||||
| U/R | U/R | |||||||
| Bin Collection Costs | Outstanding | 200.00 | 200.00 | |||||
| Inspection ofaccounts | 1,200.00 | 1,080.00 | ||||||
| Gas &Electricity Bills Outstanding | 800.00 | 800.00 | ||||||
| Balance ofCommon | Fund of | Expenses | 2,343.84 | |||||
| Lichfield - Weddings | &Funerals | 6,969.00 | ||||||
| 9,169.00 | 263.84 | |||||||
| Total Liabilities and | Creditors | 10,721.00 | 1,288.16 | |||||
| 8)Analysis ofNet Assets by | Fund | |||||||
| U/R 2022 | R2022 | U/R 2021 | R2021 | Total 2022 | Total 2021 | |||
| Fixed Assets | 46,237.00 | 257,815.15 | 46,237.00 | 292,596.47 | 304,052.15 | 338,833.47 | ||
| Current Assets | 204,282.63 | 495,098.67 | 191,131.14 | 483,002.66 | 699,381.30 | 674,133.80 | ||
| Current Liabilities |
11,254.66 | 1,821.82 | 11,254.66 | 1,821.82 | ||||
| Fund Balance | 239,264.97 | 752,913.82 | 235,546.32 | 775,599.13 | 992,178.79 | 1,011,145.45 |