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.
I3￿92.95
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 Deteffi￿r 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 Ch￿I￿ren5 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 Cfvu￿h 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 Cfvu￿h 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
257￿15.1$

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 book￿Ore
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