All Saints, Church with St Mary Magdalene West Bromwich Annual Re ort Financial Statements of the Parochial Church Council for the Year ended 31 December 2023 Incumbent Vacancy Lloyds TSB Bank 293 High Street West 8romwich B70 8NA Inde ndent Examin PSJ & Co. Accountants Ltd I Parson5 Street Dudley West Midlands DYI IJI
Parothial Churth Council of All Saints with St. Mary Ma8dalene West Bromwirh Pqqe I Statement of FinantFal Artivitie5 tor the year ended 31 December 2023 2023 UIR 2023 2022 UIR 2022 Intoming Resource5'. Page 2 Note Incoming resources from donors Other vol. Incoming resources Inc from charitable & ancillary trading Transfers from investment accounts Income from investrnenrs 2a 2b 2c 2d 47.482.58 19,484.55 21,113.35 684.19 4,408.78 11,999.70 40.533.76 13.782.37 43,925.17 15,611.60 4,699.57 13,534.07 27,197.71 2.162.06 26.384.88 Total Incorning Resources 101,614.55 44,290.38 96.079.24 6.073.71 Resources used: Page 3 Grants Activities directly related ro church work Fundraising & publicity expenses Church man8gement & admin Weddings and Funera15 1,020.75 103,983.87 20. 10,678.10 835.(J) 430.73 96,138.36 3b 3c 3d 3e 13,850.10 447.00 Total resource5 used 116,537.72 109,972.19 Net Incomin81lOut80in81 resources 14,923.17 44.290.38 13,892.95 6,073.71 Net Movement In Funds 14.923.17 44,290. I392.95 6.073.71 uIA- Unregtrirted. R- Restricted
Parochial Churth Countil of All Saints with St. Mary Magdalene West Bromwich Statement of Flnancial Actlvhles forthe year ended 310ecember 2023 21 Incoming Rèsources 2023 UIR 2023 2022 UIR 2021 2a) Incoming resources from donors.. Planned Giving- Covenants & Non-covenant Income T3x recoverable Collectionslopen plate all services Sundries & individual St. Mary's Parish Share Legacies & Donations, specific & general 16,632.11 14,902.06 2,522.73 8,897.88 1,130.42 7.999.94 5,080.73 8,418.32 1.656 16 8,000.04 12,775.95 684.19 47 482.58 684.19 40,533.76 2bl Othér voluntary intoming ser¥ices: Stanley Trust & Other Grants Grants Fund raising 16,988.42 3.908.78 iO,(M)O.00 15,237.00 2,496.13 500.00 3,782.37 374.60 19,484.55 4,408.78 13,782.37 15,611.60 2cl Income from charltsble & anclllary irading MaBa2ines Bookstall Daily Church hire Fees- Weddings Fees- Funerals Fees - Memorial Book Net Income from St Mary's- Bank Movement Net Income from St Philip5 Net Deficit I Income from other organisations IFellowship Guilé, ASP, 8ell Ringers & Footprint Clubl Rent from Tenant re Wilford Road 1,643.51 5.599.00 20,807.00 146.00 2,828.90 12,004.19 406.87 1,226.70 9,315.(K) 20,566.00 286.60 5,403.01 1.127.86 11,999.70 4,699.57 2,500.00 6,Crt)a.00 21.113.35 11,999.70 43.925.17 4ffi99.57 2dl Transfers from Investment Accounts 2el Income from Inve5tments'. Dividend5 and Interest West Brom*#ch Building Society Interest Net Trust Investment Income after revaluations IEquating to a Net Gain overall) Youth Fellowship 3.877.39 5.52 6,044.97 260.85 13.207.87 27,197.71 26.384.88 13.534.07 27.197.71 2,162.06 26,384.88 Total Incomln8 Resources 101.614.55 44.29).38 96.079.24 6.073.71
Paro¢hial Church Council of All Sairtts with St. Mary Magdalene West Bromwich Poit3 ststement of Flnancial Adivities for the year ended 31 Deteffir 2023 2023 UIR 2023 2022 UIR 2022 31 Resources used: 3a> Grants.. Mission Societies Relief and Development Home Missions All Secular 257.10 263.65 500.00 430.73 Total lSeepqe4J 1.020.75 430.73 3bl Activities dlrertly relatin8 to thè work of the church: Common Fund Incumbent Expenses Cur8te Expenses Vicarage Wilford Road Repairslmèintenance Other Clergy Expenses Church- Gas & Electricity Church- Water Church- Cleanin8 Materials Church- 8ins Church Insurance Major Repairs Church Maintenance New Hymn Books Altar Service Requirements Church Yard Bookstall Training and Mission Salaries IVer8er, Choir. Organist & Cleaner) Coronation Cape 54,715.00 545.20 49,453.00 551.35 485.64 1,137 93 9,337.22 111.36 100.ox) 537.30 5.396.97 8.944.98 39.91 454.(X) 2,286.70 4,962.25 Ipleose see below) 10,801.61 9,632.68 714.27 6,388.50 1,780.29 5.531.00 14,198.51 12,016.56 103.983.87 96.138.36 3¢) Fund Ralslng and Publl¢lt¥ Fund Raising events expenditure 20.(KJ 20.00 3d) Church Management & Administration Church Administration {pleo5e See below) Inspection of Accounts 9.418.10 1,260.00 12.602.10 1,248.0) 10,678.10 13,850.10 3el Weddings and Funera15 Paid to Lichfield 835.00 447.(K) 835.00 447.00 Total Resources Used 116.537.72 109,972.19
Parochial Church Council of All Saint5 Wlth St. Mary Magdalene West Bromwith Page30 5taiement of Fonantial Attovities for the year ended 31 ()ecember 2022 3bl Activitie5 directly relating to the work of the ¢hurch'. 2023 UIR 2022 UIR Major Repairs comprises- Font Holding Fee Font Final Payment Repèving + Drains Organ Work Fire Risk A55e55ment & Skgn5 Sacri5ity Work 3d) Further Analysis of Church Management & Admlnistratlon expenses: 2023 UIR 2022 UIR Church Administration comprises Postage, Printing & Stationery Telephone Bank Charges Photocopier Lease Website Computer Costs W/B B/S Legacies Signs Scott Ltd Other Adminstration Expenses 2,327.90 629.94 1,315.24 175. 2,292.53 646.47 1,341.62 193.00 4,(KKJ.00 2,454.00 1,674.48 4,970.02 9,418 10 12,602 10
Parochial Church Council of All Saints with St. Mary Magdalene West Bromwlch The Chur¢h Overseas and Charitles Committee Allocation of funds for the year ended 31 December 2023 2023 VIR 2023 2022 UIR 2022 Missionary Societies Church Armv Every Child G.A.P Family Centre Ghurkha Welfare Trust Relief & Development Agencies Christian Aid Water Aid DEC Appeal Ukraine Appeal 257.10 430.73 257.10 430.73 Home Mission5 Christian Aid Birminghèm ChIren5 Hospital Bishops Lent Appeal Bishops Ordination Fund Childrens Society Gifts to Poor of Parish Ordinarion Candidates Fund 263.65 RAFA Sandwell Young Carers W Wormwood Trust Unnamed Donation 263.65 All Secular Charities Mcmillan Cancer British Red Cross Lepta 500.¢X) Totals 1.020.75 430.7
Parochial Cfvuh Council of All Saints with St. Mary Magdalène West Bromwich Balance Sheèt as at 31 Dècember 2023 Fixed Assets (Page 61 Note 2023 UIR 2023 2022 UIA 2022 Tangible fixed assets Investment Assets 4a 4b 46,237.00 46,237.00 281.391.76 257,815.15 46,237.(Kl 281.391.76 46.237.00 257,815.15 Current Assets CBF Deposit Account (Page 71 CBF Deposit Account- Balance of funds from Sale of 7 Hopkins Drive, still held by Lichfield at the year end West Brorllwich Building Society Investment Fund - CCLA 620383001S Decorations Scheme IDWBROOII Debtors (Page 81 30 Day Lloyds Deposit Account Bell Ringers All Saint5 Players- Current alc Deposit alc 63,788.77 137,000.00 60,167.67 137.000.CM) 65,304.28 69,767.62 62,543.43 58,303.37 352.03 328.81 6.572.43 611.05 4,004.56 640.72 56,411.00 6,443.00 297,931.00 1,297.21 328.81 3,881.40 611.05 4,1)04.56 640.72 59.239.90 18,447.19 309,930.70 1,002.07 St. Mary's All Saints Footprint Club Youth Fellowship Fellowship Guild Children5 Society Cash at LTSB Bank See Li3bilities 702.00 995.36 7,976.55 18.665.66 195,011.77 510,719.47 204,282.63 49S,098.67 tiabilities Accruals & Deferred Income (Page 81 IIA14.th) 11,254.66 Net Current Awts 183,197.77 510.719.47 193,027.97 495,098.67 Total Fixed Assèts & Nèt Current Assèts (See note 81 229,434.77 792.111.23 239,264.97 752.913.82 Lèss: Long Term Liabilities Net Asset5 IPa8e Sal 229,434.77 792.111.2 239,264. 75 ,913.
Parochial Church Councll of All Salnts with St. Mary Magdalene West Bromwich Balance Sheet as at 31 December 2023 (Continued) Represented bv: Note 2023 VIR 2023 2022 UIR 2022 Funds.. Funds BIF ncorning resources Resources used 239,264.97 752,913.82 235.546.32 775,599.13 101,614.55 44,290.38 96,079.24 6,073.71 116,537.72 109.972.19 Transfer between UIR & R funds in year 5,092.97 5,092.97 16,611.60 16,611.60 Suspense Items 1,000. ,434.77 792,111.23 239.264.97 7S2,913.82 Approved by the Parish Council on and signed on ff£5 behalf by: Vlm PAUL BAIL Church Warden and member ol PCC BRENDA HILL Church Warden and member of PCC
Pzrochial Cfvuh Council ofAII Saints with St. Mary Ma8dalene West Bromwich Po9e6 Notès to the accounts for thè year ended 31 December 2023 41 Fixed Assets Itgr use by the P.C.C.I 2023 2022 Tangible Fixed Assets Freehold land and buildings Cost Brought Forward Additions 46,237.00 46,237.QXJ Carried Forward 46.237.00 46237.00 Depreciation 8rou8ht Forwèrd Charge lor year Carried Forward Net Book Value Carried Forward 46,237.LKJ 46,237. Brou8ht Forward The'Freehold Land and Buildings. colnprises the curate's house located at 50, Wilford Road, West Bromwich. The gr055 book value is based on the value estirnated with the Ecclesiastical Insurance Companv. Depreciation is again considered inappropriate on the property. bl Value 3111212023 Value @ 3111212022 UIR UIR Investment Trust 243 Units in CBF'S Investment Fund 2431R Investment Trust 1770 11619 IIF 5hare5 IMB Fund) 12947 F15F Shares IM8 Fund) 262,650.98 18,740.78 240,064.81 17,750.34 281,391.76 25715.1$
Parochial Church Council ol All Sairbts with St. Mary Magdalene West Bromwich Notè5 to thè attounts for the yÈarended 31 December 2023 Icontinuedl 51 CBF Deposit Accounts Value @ 3111212023 Value @ 31/izl2022 UIR UIR Investrnent Fund re Trust 1770 Brought forward Dividends and Interest Received Funé5 released 60,167.67 3,621.10 Sl,771.23 8,396.44 Carried forward 63,788.77 60,167.67 Grand Total 63,788.77 60,167.67
Parochial Church Councll ol All 5alnts wlth 5t. Mary Magdalene West Bromwlch Page8 Notes io the accounts ft>r the year ended 31 December 20Z3 Icontlnuedl 61 Debtors and Prepayments UIR 2023 R 2023 UIR 2022 R 2022 Total 2023 Total 2022 Telephone & copier rental Due from Lichfield Cathedral bookOre Due from St Mary's Church Mainrenance contracts 328.81 328.81 328.81 328.81 328.81 328.81 328.81 328.81 71 Liabilities UIR 2023 2023 u/R 2022 R 2022 Total 2023 Total 2022 Amounts falling due within gne year Provisions and deferred income Bank overdraft Donations owed Creditors (including loan installrllentl 1,552.00 1,552.00 1.552.00 1,552 00 533.66 9,169.00 533.66 9,169.¢)0 10,262.00 10,262.00 11,814.00 11.254.66 IIA14.CK) 11,254.66 Provlslons and Deferred Infome Iunrestrkted but Designatedl 2023 UIR 2022 UIR S.Lord S.Lord ASPS Z Farr 201.IXI 400.(KJ 951.00 201.00 400.00 951.00 1,552.00 1.552.00 Creditors 2023 VIR 2022 UIR Bin Collection Costs Outstanding Inspection of accounts Gas & Electricity Bi115 Outstanding Balance of Common Fund of Expenses Lichfield- Weddings & Funerals 200.00 1,260.00 1.400.00 7,402.00 200.00 1,200.00 800.00 6.969.00 10.262.00 9,169.00 Total Liabilities and Creditors IIA14.fy) 10,721.00 81 Analysis of Net A55ets by Fund UIR 2023 R 2023 UIR 2022 R 2022 Total 2023 Total 2022 Fixed Assets Current Assets 46,237.00 281,391.76 46,237.00 257,815.15 327,628.76 304,052.15 195,011.77 510.719.47 204,282.63 495,098.67 705,731.24 699,381.30 11,814.00 11,254.66 11.814.00 11,254.66 Fund Balance 229.434.77 792,111.23 239.264.97 752.913.82 1.021,546.IK) 992,178.79