# **Annual Report and Financial Statements of the Parochial Church Council of Cannock and Huntington** **For the year ended 31[st] December 2023** _**Charity registration number: 1157373**_ # **The Parochial Church Council of Cannock and Huntington Trustees’ Annual Report for the year ended 31[st] December 2023** _**Charity registration number 1157373**_ ## **Objectives and Activities** The Parochial Church Council of Cannock and Huntington (the PCC) has the responsibility of cooperating with the incumbent, the Reverend Vicky Fleming in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelical, social and ecumenical. The PCC is also spiritually responsible for the maintenance of the church. 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 St. Luke’s and St. Thomas’. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer, scripture, music and sacrament. Also, through non sacramental activities of hospitality and fellowship we aim to reach non churched members of the community. ## **Public Benefit** The trustees of the PCC 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 Cannock and Huntington, 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. ## **Achievements and Performance** Promoting the Gospel and the Doctrines of the Church of England. The PCC, through the work of its Leadership Team has developed a Mission Action Plan which states the priorities of the parish in the following areas: - (a) To develop worship across the parish that engages with the community “out there”. - (b) To develop the ways in which we share together as a parish. - (c) To recognise, encourage and develop leadership within the parish. - (d) To develop our means of communication to include the parish website. - (e) To encourage children and families in faith across the parish. ## **Financial Review** It is PCC policy to try to maintain a balance on free reserves (net current assets) which equates to at least three months unrestricted payments. This is equivalent to £57,168 (2022: £50,565). It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves _Page 2_ at the year-end was minus £29,981 (2022: +£56,175) which is considerably lower than this target. The PCC are aware of this and working, with the help of the Diocese, to address this position. ## **Investment Policy** The charity is granted power to invest in suitable investments under the PCC Powers Measure 1956 and the Trustees Act 2000. As a charity, the Trustees have a duty of care to take such advice as is appropriate before investments are undertaken. This advice is sought from the Central Board of Finance (CCLA) in London. The charity’s investment policies are based on two key principles: - - Ethical Investment – this includes ensuring that investments are held in companies which have high standards of corporate governance and act in a responsible way towards stakeholders. - Long-term responsibilities – the trustees are aware of their long-term responsibilities in respect of the Restricted and Unrestricted reserves and as a result follow a prudent approach to investment decisions. Investment policy for long-term funds is aimed primarily at generating a sustainable income, with due regard to the need for the preservation of capital value, and the possible need to realise investments to meet operational needs. The charity does not have a policy of generating income at excessive or high risk – known as “purchasing income”, where high returns are guaranteed at the expense of capital. In summary, the charity has an overall policy to maximise income while preserving the real value of its funds. Due to the nature of the charity, an ethical investment policy is taken into consideration when investments are made: The charity follows the Ethical Investment Advisory policy as recommended by the Lichfield Diocese which includes the following: - “We aim to invest in companies that: - will develop their business in the interests of shareholders; - demonstrate responsible employment practices; - are conscientious concerning issues of corporate governance, the environment and human rights; - are sensitive to the community in which they operate.” Planned giving, collections and donations are the main sources of fund raising along with tax recoverable. ## **Safeguarding** The PCC believe they have fulfilled their duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). ## **Reporting Serious Incidents** A Serious Incident is an adverse event, whether actual or alleged, which results in or risks significant harm to the charity’s beneficiaries, employees, office holders, volunteers or to others who come into contact with the charity through its work, loss of the charity’s money or assets, damage to the charity’s property or harm to the charity’s work or reputation. The trustees are not aware of any Serious Incidents in the last year. _Page 3_ ## **Fundraising** The PCC takes it fundraising responsibilities seriously and is very grateful to all donors – whether regular or occasional – for their support of the church and church events. PCC supporters are never taken for granted. The PCC take full responsibility for fundraising and do not use commercial organisations or professional fundraisers. All money raised is either by donations, fundraising events, special appeals or legacies for which the PCC are most grateful. ## **Volunteers** The members of the PCC would like to thank all the volunteers who work so hard to make our Church a lively and vibrant community. Our especial thanks go to our church wardens, Janice Middleton, Janet Bolton, Margaret Young and Trish Archer, who have worked so tirelessly on our behalf and to Geoff Pick and David Wheatley, who has helped us all understand the church’s accounts and its finances. ## **Risk Management** The Church Wardens carry out regular Health and Safety Reviews and regularly inspect premises for potential hazards. We have safeguarding policies in place for child protection and for work with vulnerable adults, including rigorous DBS checking of staff and volunteers. Our insurances are reviewed annually to ensure adequate cover. An informal review of any new risks which may impact the work of the Church in the Parish is ongoing. ## **Structure, Governance and Management** The PCC is a Body Corporate established by the Church of England and is a Charity registered with the Charity Commission. The PCC is governed by the Parochial Church Council Powers Measure (1956) as amended that came into effect on 2[nd] January 1957, and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended). The method of appointment of the PCC members is set out in the Church Representation Rules. The Council comprises the Incumbent, the Churchwardens, a representative of the Readers, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting, by those on the Electoral Roll. The PCC members receive training from courses run by the Diocese. Members of the congregation are always urged to join the Electoral Roll, and to stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general concern and importance in the parish, and for all financial matters. The PCC meet six times a year. [Given its responsibilities, the PCC has a number of sub committees, each dealing with a particular aspect of parish life. These include Worship, Mission and Outreach, Buildings and Finance. Each reports back to the PCC with the minutes of their meetings. ## **Related Parties** ## **Donations from Related Parties** Donations from related parties during the year totalled £12,000 (2022: £12,575). All these donations were received without conditions. ## **Remuneration paid to Trustees** 1 Trustee has been paid £2,890 (2022: £2,835) during the year for their services as verger. No other trustees have been paid any remuneration or received any other benefits from employment with the PCC. _Page 4_ ## **Expenses paid to Trustees** 2 trustees have been reimbursed expenses of £2,628 (2022: £2,868 – 2 trustees) for travel and subsistence during the year. ## **Reference and Administrative details** The Parish is part of the Deanery of Rugeley, in the Diocese of Lichfield. The correspondence address is St Luke’s Church, Church Street, Cannock, WS11 1DE Registered charity number 1157373. Our website address is www.stlukescannock.org.uk PCC members who have served from 1[st] January 2023, until the date this report was approved were **:** ## **Ex Officio Members** |**The Incumbent**|Reverend Vicky Fleming| |---|---| |**Clergy**|Reverend Marie Meredith (Curate)| ||Reverend Gill Joynson (Associate Minister)| |**Readers**|David Gethin| ||Diane Holt| |**Churchwardens**|Janice Middleton – St. Luke’s| ||Janet Bolton – St Luke’s| ||Tricia Archer – St. Thomas’| |**Deanery Synod Reps**|Margaret Warford (& PCC Secretary from 23rdMay 2023)| ||Wendy Bishop (until 23rdMay 2023)| ||Clare Beavon (from 23rdMay 2023)| ||Martin Beavon (from 23rdMay 2023)| |**Elected Members**|John Skurr - Treasurer for St Luke’s and Parish| ||David Wheatley - Treasurer for St. Thomas (until 23rdMay 2023)| ||Clare Beavon - PCC Secretary (until 23rdMay 2023)| ||Andy Brittle| ||Martin Beavon (until 23rdMay 2023)| ||Linda Hopley| ||Sophie Mcfie-Hyland| ||Teresa Atherton| ||Deborah Brown| ||Joanne Brownhill (until 23rdMay 2023)| ||Simon Backhouse (from 23rdMay 2023)| ||Benjamin Smith (from 23rdMay 2023)| ||Wendy Bishop (from 23rdMay 2023)| |**Officer of the PCC**|David Wheatley - Treasurer for St. Thomas (from 23rdMay 2023)| |_(can attend but not vote)_|| _Page 5_ Approved by the PCC ……………………..……. 2024 and signed by: ……………………………… ………………………………… Revd. V Fleming (Chair) Margaret Warford (Secretary) _Page 6_ ## **Independent Examiner’s report to the trustees/members of The PCC of Cannock and Huntington** Registered charity number: 1157373 I report on the accounts for the year ended 31[st] December 2023 which are set out on the following pages. ## **Respective responsibilities of the Trustees and Independent Examiner** The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility - to examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. ## **Basis of Independent Examiner's Statement** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair” view and the report is limited to those matters set out in the statement below. ## **Independent Examiner's Statement** In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect: - accounting records were not kept in accordance with section 130 of the Charities Act or - the accounts do not accord with the with the accounting records I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: ………………………………………….. Jonathan Hill FCMA CGMA Lichfield Diocesan Board of Finance St Marys House, The Close, Lichfield. WS13 7LD Date: ………………………………… _Page 7_ ## **The Parochial Church Council of Cannock and Huntington Financial Statements for the Year Ended 31[st] December 2023** ## **Accounting Policies** The financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis. There may be minor discrepancies in the totals as the pence are not being shown. ## **Fixed Assets** Consecrated and benefice property is not included in the accounts by s.10(2)(a)&(C) 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’s inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. ## **Going Concern** Note to follow ## **Description of Funds** **Unrestricted funds** are income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not included in its "free reserves" as disclosed in the trustees' annual report. ## **Restricted funds** comprise of two elements: a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest b) 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. **Endowment funds** are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts. _Page 8_ ## **The Parochial Church Council of Cannock and Huntington Financial Statements for the Year Ended 31[st] December 2023** ## **Receipts and Payments Account** ||**Unrestricted Designated**
**Restricted Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**funds**
**total funds**| |---|---| |**Receipts**
Donations and legacies
Income from charitable activities
Other trading activities
Investments
Other income
**Total receipts**
**Payments**
Raising funds
Expenditure on charitable activities
Other expenditure
**Total payments**
**Excess of receipts over payments before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Excess of receipts over payments before**
**other gains / losses**
Gains/losses on investment assets
**Net movement in funds**
**All assets at 01 January 2023**
**All assets at 31 December 2023**
**Represented by**
**Unrestricted**
General Fund
**Designated**
Bell Fund Des - St Luke
Bequest Des Fund - St Luke
Car Park & Grounds Des - St Luke
Organ Des Fund - St Luke
**Restricted**
Barnabas Mission Res - St Luke
Chair Res Fund - St Thomas
Dorothy Linford Res Trust - St Luke
Fabric Res Fund - St Luke
Interior Decorating Scheme
**Endowment**
Cannock Ecclesiastical Purpose End - St Luke
Cannock Fabric End - St Luke
Dorothy Linford Trust End - St Luke
W Bowen End Trust - St Luke
**Total**|83,286
—
1,706
—
84,992
107,555
44,357
933
—
—
45,290
46,734
10,581
10,537
—
—
21,118
23,153
340
43
7,632
(1,429)
6,586
6,658
914
—
—
—
914
4,630| ||**139,479**
**11,513**
**9,338**
**(1,429)**
**158,901**
**188,729**
1,258
—
—
—
1,258
1,041
225,456
3,154
58,662
—
287,271
228,948
1,959
—
—
—
1,959
—| ||**228,673**
**3,154**
**58,662**
**—**
**290,488**
**229,989**| ||**(89,193)**
**8,359**
**(49,324)**
**(1,429)**
**(131,587)**
**(41,260)**
4,050
1,013
—
—
5,063
205,976
(1,013)
(4,050)
—
—
(5,063)
(205,976)| ||**(86,156)**
**5,322**
**(49,324)**
**(1,429)**
**(131,587)**
**(41,260)**
—
—
—
18,854
18,854
(26,737)| ||**(86,156)**
**5,322**
**(49,324)**
**17,425**
**(112,733)**
**(67,998)**| ||**1,220,393**
**161,280**
**16,362**
**203,136**
**1,601,170**
**1,669,168**| ||**1,134,237**
**166,602**
**(32,962)**
**220,561**
**1,488,437**
**1,601,170**| ||1,134,237
—
—
—
1,134,237
1,220,393
—
3,592
—
—
3,592
3,549
—
117,875
—
—
117,875
117,875
—
32,081
—
—
32,081
27,259
—
13,053
—
—
13,053
12,596
—
—
4,108
—
4,108
4,046
—
—
322
—
322
322
—
—
2,627
—
2,627
2,190
—
—
(41,168)
—
(41,168)
8,655
—
—
1,149
—
1,149
1,149
—
—
—
5,493
5,493
5,021
—
—
—
175,914
175,914
161,976
—
—
—
37,841
37,841
34,843
—
—
—
1,312
1,312
1,296| ||**1,134,237 **
**166,602 **
**(32,962)**
**220,561 **
**1,488,437 **
**1,601,170**| _Page 9_ ## **The Parochial Church Council of Cannock and Huntington Financial Statements for the Year Ended 31[st] December 2022** ## **Statement of assets and liabilities – 2023** ||**General Designated**
**Restricted Endowment**
**This year**
**Last year**| |---|---| |**Fixed assets - Investments**
St Lukes Centre - St Luke -
St Barnabas Church Hall - St Luke -
Dorothy Linford Trust End - St Luke -
Cannock Fabric End - St Luke -
Cannock Ecclesiastical Purpose End - St -
**Totals**
**Current assets - Cash at bank and in hand**
Bank Current Account - Parish Office -
Bank Current Account - St Luke -
Lloyds Current Account - St Thomas -
Interior Decorating Scheme - Parish Offi -
St Luke Advance Fees Bank account -
St Lukes Centre Bank Account -
St Barnabas Church Hall Current Account -
St Barnabas CBF Deposit Account 90002D -
St Luke CBF Deposit Account 8001D -
**Totals**
**Liabilities - Agency accounts**
Agency collections -
**Totals**
**Grand total**|1,164,217
—
—
—
1,164,217
1,164,217
1
—
—
—
1
1
—
—
—
37,841
37,841
34,587
—
—
—
175,914
175,914
160,787
—
—
—
5,493
5,493
5,021| ||**1,164,218**
**—**
**—**
**219,249**
**1,383,467**
**1,364,613**
387
—
20
—
407
684
(82,150)
163,009
(63,131)
—
17,728
155,983
28,116
—
322
—
28,439
19,701
—
—
1,149
—
1,149
1,149
1,744
—
4,518
—
6,262
5,280
9,270
—
(975)
—
8,296
10,554
22,544
—
(2,314)
—
20,230
14,426
10,707
—
—
—
10,707
10,707
(20,599)
3,592
28,666
1,312
12,971
12,568| ||**(29,981)**
**166,602**
**(31,744)**
**1,312**
**106,189**
**231,052**
—
—
1,218
—
1,218
(5,506)| ||**—**
**—**
**1,218**
**—**
**1,218**
**(5,506)**| ||**1,134,237 **
**166,602 **
**(32,962)**
**220,561 **
**1,488,437 **
**1,601,170**| |**Statement of assets and liabilities - 2022**
**General Designated**
**Restricted Endowment**
**This year**
**Last year**|**Statement of assets and liabilities - 2022**
**General Designated**
**Restricted Endowment**
**This year**
**Last year**| |---|---| |**Fixed assets – fixed assets**
St Lukes Centre - St Luke -
St Barnabas Church Hall - St Luke -
**Totals**
**Fixed assets - Investments**
Dorothy Linford Trust End - St Luke -
Cannock Fabric End - St Luke -
Cannock Ecclesiastical Purpose End - St -
**Totals**
**Current assets - Cash at bank and in hand**
Bank Current Account - Parish Office -
Bank Current Account - St Luke -
Lloyds Current Account - St Thomas -
Interior Decorating Scheme - Parish Offi -
St Lukes Centre Bank Account -
St Luke Advance Fees Bank account -
St Lukes Centre Bank Account -
St Barnabas Church Hall Current Account -
St Barnabas CBF Deposit Account 90002D -
St Luke CBF Deposit Account 8001D -
**Totals**
**Current assets - Debtors**
Accounts Receivable -
**Totals**
**Liabilities - Agency accounts**
Agency collections -
**Totals**
**Liabilities - Creditors: Amounts falling due in**
**one year**
Accounts Payable -
**Totals**
**Grand total**|1,164,217
—
—
—
1,164,217
1,164,217
1
—
—
—
1
1| ||**1,164,218**
**1,164,218**
**1,164,218**
—
—
—
34,587
34,587
39,202
—
—
—
160,787
160,787
182,240
—
—
—
5,021
5,021
5,691| ||**—**
**—**
**200,395**
**200,395**
**227,132**
751
—
(68)
—
684
220
10,239
157,731
(13,431)
1,445
155,983
204,510
19,379
—
322
—
19,701
13,228
—
—
1,149
—
1,149
1,049
—
—
—
—
—
(76)
3,708
—
1,572
—
5,280
5,244
11,450
—
(896)
—
10,554
3,210
20,540
—
(6,114)
—
14,426
19,667
10,707
—
—
—
10,707
10,562
(20,599)
3,549
28,322
1,296
12,568
12,402| ||**56,175**
**161,280**
**10,857**
**2,741**
**231,052**
**270,016**
—
—
—
—
—
6,437| ||**—**
**—**
**—**
**—**
**—**
**6,437**
—
—
(5,506)
—
(5,506)
(1,819)| ||**—**
**—**
**(5,506)**
**—**
**(5,506)**
**(1,819)**
—
—
—
—
—
501| ||**—**
**—**
**—**
**—**
**—**
**501**| ||**1,220,393**
**161,280**
**16,362**
**203,136**
**1,601,170**
**1,669,120**| _Page 10_ ## **The Parochial Church Council of Cannock and Huntington Financial Statements for the Year Ended 31[st] December 2022** ## **Fund movement by type - 2023** ||**Opening**
**Incoming**
**Outgoing**
**Transfers Gains/losses**
**Closing**| |---|---| |**Barnabas R - Barnabas Mission Re**
Restricted
**Sub-total for Barnabas R**
**Bell Des - - Bell Fund Des - St L**
Designated
**Sub-total for Bell Des -**
**Bequest De - Bequest Des Fund - S**
Designated
**Sub-total for Bequest De**
**Can Eccl E - Cannock Ecclesiastic**
Endowment
**Sub-total for Can Eccl E**
**Cannock Fa - Cannock Fabric End -**
Endowment
**Sub-total for Cannock Fa**
**Car Park D - Car Park & Grounds D**
Designated
**Sub-total for Car Park D**
**Chair Res - Chair Res Fund - St**
Restricted
**Sub-total for Chair Res**
**D Linford - Dorothy Linford Res**
Restricted
Endowment
**Sub-total for D Linford**
**Fabric Res - Fabric Res Fund - St**
Restricted
**Sub-total for Fabric Res**
**General - General Fund**
Unrestricted
**Sub-total for General**
**IDS - Interior Decorating**
Restricted
**Sub-total for IDS**
**Organ Des - Organ Des Fund - St**
Designated
**Sub-total for Organ Des**
**W Bowen En - W Bowen End Trust -**
Endowment
**Sub-total for W Bowen En**
**Grand total**|4,046
61
—
—
—
4,108| ||**4,046**
**61**
**—**
**—**
**—**
**4,108**
3,549
43
—
—
—
3,592| ||**3,549**
**43**
**—**
**—**
**—**
**3,592**
117,875
—
—
—
—
117,875| ||**117,875**
**—**
**—**
**—**
**—**
**117,875**
5,021
—
—
—
472
5,493| ||**5,021**
**—**
**—**
**—**
**472**
**5,493**
161,976
(1,189)
—
—
15,127
175,914| ||**161,976**
**(1,189)**
**—**
**—**
**15,127**
**175,914**
27,259
10,537
2,678
(3,038)
—
32,081| ||**27,259**
**10,537**
**2,678**
**(3,038)**
**—**
**32,081**
322
—
—
—
—
322| ||**322**
**—**
**—**
**—**
**—**
**322**
2,190
1,301
864
—
—
2,627
34,843
(256)
—
—
3,254
37,841| ||**37,033**
**1,045**
**864**
**—**
**3,254**
**40,468**
8,655
7,976
57,798
—
—
(41,168)| ||**8,655**
**7,976**
**57,798**
**—**
**—**
**(41,168)**
1,220,393
139,479
228,673
3,038
—
1,134,237| ||**1,220,393**
**139,479**
**228,673**
**3,038**
**—**
**1,134,237**
1,149
—
—
—
—
1,149| ||**1,149**
**—**
**—**
**—**
**—**
**1,149**
12,596
933
476
—
—
13,053| ||**12,596**
**933**
**476**
**—**
**—**
**13,053**
1,296
16
—
—
—
1,312| ||**1,296**
**16**
**—**
**—**
**—**
**1,312**| ||**1,601,170**
**158,901**
**290,488**
**—**
**18,854**
**1,488,437**| _Page 11_ ## **Fund movement by type - 2022** ||**Opening**
**Incoming**
**Outgoing**
**Transfers Gains/losses**
**Closing**| |---|---| |**Barnabas R - Barnabas Mission Re**
Restricted
**Sub-total for Barnabas R**
**Bell Des - - Bell Fund Des - St L**
Designated
**Sub-total for Bell Des -**
**Bequest De - Bequest Des Fund - S**
Designated
**Sub-total for Bequest De**
**Can Eccl E - Cannock Ecclesiastic**
Endowment
**Sub-total for Can Eccl E**
**Cannock Fa - Cannock Fabric End -**
Endowment
**Sub-total for Cannock Fa**
**Car Park D - Car Park & Grounds D**
Designated
**Sub-total for Car Park D**
**Chair Res - Chair Res Fund - St**
Restricted
**Sub-total for Chair Res**
**D Linford - Dorothy Linford Res**
Restricted
Endowment
**Sub-total for D Linford**
**Fabric Res - Fabric Res Fund - St**
Restricted
**Sub-total for Fabric Res**
**General - General Fund**
Unrestricted
**Sub-total for General**
**IDS - Interior Decorating**
Restricted
**Sub-total for IDS**
**None - Agency collection**
Restricted
**Sub-total for None**
**Organ Des - Organ Des Fund - St**
Designated
**Sub-total for Organ Des**
**W Bowen En - W Bowen End Trust -**
Endowment
**Sub-total for W Bowen En**
**Grand total**|5,060
—
—
(1,014)
—
4,046| ||**5,060**
**—**
**—**
**(1,014)**
**—**
**4,046**
3,549
—
—
—
—
3,549| ||**3,549**
**—**
**—**
**—**
**—**
**3,549**
84,620
36,960
3,704
—
—
117,875| ||**84,620**
**36,960**
**3,704**
**—**
**—**
**117,875**
5,691
—
—
—
(670)
5,021| ||**5,691**
**—**
**—**
**—**
**(670)**
**5,021**
182,240
1,189
—
—
(21,453)
161,976| ||**182,240**
**1,189**
**—**
**—**
**(21,453)**
**161,976**
17,765
9,943
449
—
—
27,259| ||**17,765**
**9,943**
**449**
**—**
**—**
**27,259**
322
—
—
—
—
322| ||**322**
**—**
**—**
**—**
**—**
**322**
1,417
773
—
—
—
2,190
39,202
256
—
—
(4,615)
34,843| ||**40,619**
**1,029**
**—**
**—**
**(4,615)**
**37,033**
26,586
2,378
20,310
—
—
8,655| ||**26,586**
**2,378**
**20,310**
**—**
**—**
**8,655**
1,285,649
135,991
202,260
1,014
—
1,220,393| ||**1,285,649**
**135,991**
**202,260**
**1,014**
**—**
**1,220,393**
1,049
100
—
—
—
1,149| ||**1,049**
**100**
**—**
**—**
**—**
**1,149**
2,538
—
2,538
—
—
—| ||**2,538**
**—**
**2,538**
**—**
**—**
**—**
12,136
1,140
680
—
—
12,596| ||**12,136**
**1,140**
**680**
**—**
**—**
**12,596**
1,296
—
—
—
—
1,296| ||**1,296**
**—**
**—**
**—**
**—**
**1,296**| ||**1,669,120**
**188,729**
**229,941**
**—**
**(26,737)**
**1,601,170**| ## **Analysis of Transfer between Funds** **2023:** A net £3,038 was transferred from the Car Park Designated fund to the General Fund being the cost of barrier repairs in 2022 (£4,050) met by the General Fund and June 22 Car Park Fees credited to the General fund in error. **2022:** £10,000 transferred from car park account to general unrestricted account. _Page 12_ ## **Fund Descriptions** ## _Designated funds_ : - Bell Fund - monies held for the maintenance of the bells. - Organ Fund - monies held for the maintenance and upkeep of the organ. - Car Park & Grounds - monies held for the maintenance of the church grounds. - Bequest Fund - monies left to the parish for specific purposes. ## _Restricted Funds_ - Barnabas Mission – monies held for promoting the mission of the parish - Chair – to replace the chairs at St Thomas' - Dorothy Linford Trust – For the maintenance, repair and preservation of the Parish Church (St Luke), the church furnishings & equipment - Fabric – For the maintenance and upkeep of the fabric of the church (St Luke) - IDS (Interior Decorating Scheme) – For the internal redecoration of the vicarage at 11 Sherbrook Road. The funds are held by the Diocese on behalf of the parish. ## _Endowment Funds_ - Cannock Ecclesiastical Purposes – The capital is invested in the CBF Investment Trust and the income can be used for general church purposes. - Dorothy Linford Trust – The capital is invested in the CBF Investment Trust and held by the Lichfield Diocesan Trust as custodian trustee. The income can be used for the maintenance, repair and preservation of the Parish Church (St Luke), the church furnishings & equipment. - Cannock Fabric Fund - The capital is invested in the CBF Investment Trust and held by the Lichfield Diocesan Trust as custodian trustee. The income can be used for the maintenance and upkeep of the fabric of the Parish Church (St Luke). - W Bowen – a small cash endowment. The income can be used for general church purposes. ## **Analysis of receipts and payments** ||||||**Total**|| |---|---|---|---|---|---|---| ||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**|**Last year**| |**INCOME AND ENDOWMENTS**||||||| |**Donations and legacies**||||||| |Gift Aid - Bank|21,533|—|—|—|21,533|30,135| |Gift Aid - Envelopes|9,839|—|—|—|9,839|7,247| |Other planned giving|6,601|—|—|—|6,601|6,807| |Loose plate collections|5,727|—|—|—|5,727|6,409| |Giving through church boxes|228|—|—|—|228|589| |One-off Gift Aid gifts|884|—|—|—|884|435| |Donations appeals etc|2,133|—|6|—|2,139|1,751| |Tax recoverable on Gift Aid|7,508|—|—|—|7,508|11,573| |Legacies|25,000|—|—|—|25,000|36,960| |Non-recurring one-off grants|2,665|—|1,700|—|4,365|4,222| |Other funds generated|1,169|—|—|—|1,169|1,426| |Total|83,286|—|1,706|—|84,992|107,555| |**Income from charitable activities**||||||| |Statutory Fees for Weddings and|7,473|—|—|—|7,473|3,102| |Funerals||||||| |Local Fees for Weddings and|2,003|933|—|—|2,936|8,447| |Funerals||||||| |St Luke Centre Lettings|21,885|—|—|—|21,885|20,859| |St Barnabas Hall Lettings|12,782|—|—|—|12,782|13,719| |Other Centre Income (St Luke)|—|—|—|—|—|35| _Page 13_ |Other Hall Income (St Barnabas)
Church Office Income
Total
**Other trading activities**
Rummage sales etc
Magazine income - advertising
Parish magazine sales
Cafe Income
Car parking fees
Total
**Investments**
Dividends
Bank and building society interest
Rent from lands or buildings
Total
**Other income**
Insurance claims
Church to Parish Office Transfer
Total|80
—
—
—
80
—
135
—
—
—
135
573| |---|---| ||44,357
933
—
—
45,290
46,734
8,270
—
—
—
8,270
9,992
—
—
—
—
—
797
1,524
—
—
—
1,524
1,303
567
—
—
—
567
106
220
10,537
—
—
10,757
10,955| ||10,581
10,537
—
—
21,118
23,153
—
—
7,288
—
7,288
—
150
43
344
(1,429)
(892)
6,368
190
—
—
—
190
290| ||340
43
7,632
(1,429)
6,586
6,658
—
—
—
—
—
1,930
914
—
—
—
914
2,700| ||914
—
—
—
914
4,630| |**INCOME TOTAL**|139,479
11,513
9,338
(1,429)
158,901
188,729| |**EXPENDITURE**
**Raising funds**
Costs of stewardship campaign
103
—
—
—
103
—
Costs of fetes & other events
1,155
—
—
—
1,155
1,041
Total
1,258
—
—
—
1,258
1,041
**Expenditure on charitable activities**
Giving to missionary societies
712
—
—
—
712
77
Giving - relief and development
agencies
3,140
—
—
—
3,140
241
Mission and Outreach
3,155
—
—
—
3,155
1,733
Secular charities
6,075
—
—
—
6,075
184
Ministry parish share etc
81,396
—
—
—
81,396
81,346
Staff employment costs
44,444
—
—
—
44,444
28,303
Organist Salary
1,460
—
—
—
1,460
3,850
Working expenses of incumbent
2,628
—
—
—
2,628
2,868
Vicar's telephone
181
—
—
—
181
—
Education
—
—
127
—
127
—
Parish training and mission
—
—
—
—
—
338
Church running - insurance
4,959
—
—
—
4,959
4,276
Church office - telephone
1,206
—
—
—
1,206
902
Church Office - stationery
199
—
—
—
199
1,439
Church Office - equipment
1,808
—
—
—
1,808
4,975
Organ / piano tuning
—
476
160
—
636
1,764
Church maintenance
1,811
—
386
—
2,197
22,300
Cleaning
2
—
—
—
2
—
Cleaning Church Only
8,469
—
—
—
8,469
6,119
Cleaning Materials St Luke's
901
—
—
—
901
—
Waste Disposal
5,330
—
—
—
5,330
4,877
Vermin Control
752
—
—
—
752
659
Upkeep of services
2,209
—
191
—
2,399
3,465
Upkeep of churchyard
50
—
—
—
50
8,486
Administration
2,894
—
—
—
2,894
3,089|103
—
—
—
103
—
1,155
—
—
—
1,155
1,041| _Page 14_ |Storage - off site
Church running - electric
Church running - gas
Church running - water
Magazine expenses
Upkeep of car park
St Lukes Centre running - electricity
St Lukes Centre running - gas
St Lukes Centre running - insurance
St Lukes Centre running -
maintenance
St Lukes Centre running - telephone
St Lukes Centre running - water
St Barnabas Hall running - electricity
St Barnabas Hall running - insurance
St Barnabas Hall running -
maintenance
St Barnabas Hall running - water
Hall running - heating and lighting
Governance costs examination/audit
fee
Church major repairs - structure
Church major repairs - installation
Hall + major repairs - installation
Hall + interior and exterior decorating
Total
**Other expenditure**
Cleaning Materials St Luke's Centre
Cleaning Costs - Church Centre St
Luke's
Cleaning Costs - Church Centre St
Barnab
Total|—
—
—
—
—
800
4,158
—
—
—
4,158
3,049
21,019
—
—
—
21,019
11,180
368
—
—
—
368
330
4,676
—
—
—
4,676
1,368
—
2,678
—
—
2,678
449
4,266
—
—
—
4,266
3,584
—
—
—
—
—
446
1,480
—
—
—
1,480
1,519
2,522
—
—
—
2,522
6,395
235
—
—
—
235
—
312
—
—
—
312
399
5,061
—
—
—
5,061
3,890
1,134
—
—
—
1,134
1,052
2,033
—
—
—
2,033
2,662
525
—
—
—
525
140
528
—
—
—
528
1,404
—
—
—
—
—
12
—
—
57,798
—
57,798
2,754
3,185
—
—
—
3,185
3,822
—
—
—
—
—
2,402
172
—
—
—
172
—| |---|---| ||225,456
3,154
58,662
—
287,271
228,948
903
—
—
—
903
—
296
—
—
—
296
—
760
—
—
—
760
—| ||1,959
—
—
—
1,959
—| |**EXPENDITURE TOTAL**|228,673
3,154
58,662
—
290,488
229,989| ||| |**GRAND TOTAL**|(89,193)
8,359
(49,324)
(1,429)
(131,587)
(41,260)| ## **Staff Costs** |**Staff Costs**||| |---|---|---| ||**2023**|**2022**| |||| |Wages & Salaries|£44,444|£ 28,303| |||| |Average number of
employees|5|3| |||| During the year the PCC employed 2 administrative officers, a caretaker, organist (until August) and verger (all part-time). There were no employee benefits to key management personnel in the previous or current year. The PCC use the National Employment Savings Trust (NEST), via the Diocesan Payroll Scheme, for its pension payments. The PCC paid £552 (2022: £307) in pension contributions and £1,791 (2022: £1,097) in employer national insurance. _Page 15_ ## **Trustees’ Remuneration & Expenses** 2 Trustees have been reimbursed £2,628 (2022: £2,868 – 2 trustee) for travel and phone expenses incurred during the year. - 1 Trustee has been paid £2,890 (2022: £2,835) during the year for their services as verger. ## **Related Parties** No other expenses were paid to any other PCC member, persons closely connected to them or related parties. Donations from related parties (PCC members) totalled £12,000 (2022 £12,575). ## **Fees for the examination of the accounts** ||**2023**
**£**|**2022**
**£**| |---|---|---| |||| |Independent Examiner’s
fees|200|174| |||| |Other fees (eg
accountancy services)
paid to the Independent
Examiner|-|-| |||| ## **Fixed Assets** a. Tangible Fixed Assets ||**2023**
**Freehold**
**buildings**
**£**|**2022**
**Freehold**
**buildings**
**£**| |---|---|---| |**Cost**||| |At 1stJanuary|1,164,218|1,164,218| |Disposals|-|-| |||| |**At 31st December**|**1,164,218**|**1,164,218**| Freehold buildings are shown at cost and relate to Gloucester Way, St Luke’s Centre, and St Barnabas Hall. No depreciation is provided on these properties as the PCC is of the opinion that their market value is in excess of the values shown in the accounts. _Page 16_ ## b. Fixed Asset Investments ||At 1stJan
£|Change in market
value
£|At 31stDec
£| |---|---|---|---| ||||| |DorothyLinford Trust|34,587|3,254|37,841| |Fabric Fund|160,787|15,127|175,914| |Cannock Ecclesiastical
Purposes|5,201|472|5,493| ||||| |**Total**|**200,395**|**18,854**|**219,249**| All investments are held with CCLA in the CBF Investment Fund. There are 1,674 shares for the Dorothy Linford Trust, 7,782 shares held for the Fabric Fund, and 243 shares in the Cannock Ecclesiastical Purposes Charity. There is a connected charity, called St Luke's Charity (registered with the Charity Commission, no. 243361) with 3 Trustees that are also Trustees of this charity. St Luke's Charity has investments vested in the Vicar and Wardens of Cannock and Huntington. ## **Liabilities due within one year** ||**2023**
**£**|**2022**
**£**| |---|---|---| |||| |Parish share|-|-| |Other creditors|-|-| |Agency|1,218|(5,506)| |**Total**|**1,218**|**(5,506)**| _Page 17_ ## **Receipts and Payments Account - 2022** ||**Unrestricted Designated**
**Restricted Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**funds**
**total funds**| |---|---| |**Receipts**
Donations and legacies
Income from charitable activities
Other trading activities
Investments
Other income
**Total receipts**
**Payments**
Raising funds
Expenditure on charitable activities
**Total payments**
**Excess of receipts over payments before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Excess of receipts over payments before**
**other gains / losses**
Gains / losses on revaluation
**Net movement in funds**
**All assets at 01 January 2022**
**All assets at 31 December 2022**|70,595
36,960
—
—
107,555
72,756
45,594
1,140
—
—
46,734
32,318
13,210
9,943
—
—
23,153
11,499
1,962
—
3,251
1,445
6,658
5,774
4,630
—
—
—
4,630
847| ||**135,991**
**48,043**
**3,251**
**1,445**
**188,729**
**123,193**
1,041
—
—
—
1,041
241
201,219
4,833
22,848
—
228,900
156,140| ||**202,260**
**4,833**
**22,848**
**—**
**229,941**
**156,381**| ||**(66,270)**
**43,209**
**(19,597)**
**1,445**
**(41,212)**
**(33,188)**
103,495
103,495
(1,014)
—
205,976
10,000
(102,481)
(103,495)
—
—
(205,976)
(10,000)| ||**(65,256)**
**43,209**
**(20,611)**
**1,445**
**(41,212)**
**(33,188)**
—
—
—
(26,737)
(26,737)
28,425| ||**(65,256)**
**43,209**
**(20,611)**
**(25,292)**
**(67,950)**
**(4,762)**| ||**1,285,649**
**118,070**
**36,973**
**228,428**
**1,669,120**
**1,673,882**| ||**1,220,393**
**161,280**
**16,362**
**203,136**
**1,601,170**
**1,669,120**| _Page 18_