# **Annual Report and Financial Statements of the Parochial Church Council of Cannock and Huntington** **For the year ended 31[st] December 2024** _**Charity registration number: 1157373**_ _**Charity registration number: 1157373**_ ## **The Parochial Church Council of Cannock and Huntington Trustees’ Annual Report for the year ended 31[st] December 2024** ## **Objectives and Activities** The Parochial Church Council of Cannock and Huntington (the PCC) has the responsibility of co-operating with the incumbent (in vacancy), 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 Cannock and Huntington. 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. ## **Financial Review** ## **Reserves Policy** 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 £38,293 (2023: £57,168). It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves at the year end was minus £1,506 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 ## **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. ## **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, Charity number 1157373. 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, 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 6 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 and Youth Work. 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 £11,450 (2023: £12,000). All these donations were received without conditions. ## **Remuneration paid to Trustees** One of the trustees has been paid £1,580 (2023: £2,890)) during the year for their services as verger. No other trustees have been paid any remuneration or received other benefits from an employment with their charity. . ## **Expenses paid to Trustees** 2 trustees were reimbursed £2,772 (2023: £2,627) for travel and subsistence during the year. ## **Reference and Administrative details** The Church 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 1stJanuary 2024 until the date this report was approved| |---|---| |were**:**|| |**Ex Oficio Members**|| |**The Incumbent**|The Reverend Vicky Fleming (retired ………….)| |**Clergy**|The Reverend Marie Meredith (curate)| ||The 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 (and PCC Secretary)| ||Clare Beavon| ||Martin Beavon| |**Elected Members**|John Skurr (Treasurer for St Luke’s and Parish)| ||Andy Brittle| ||Linda Hopley| ||Sophie Mcfe-Hyland| ||Teresa Atherton| ||Deborah Brown| ||Simon Backhouse| ||Benjamin Smith| ||Wendy Bishop| |**Oficer of the PCC**|David Wheatley – treasurer for St Thomas| Approved by the PCC on ……………………… 2026 and signed on its behalf by: ………………………………. ………………………………. Vice Chair Secretary ## **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 2024 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 accounting records - the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 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: ………………………………………….. Date: ………………………………… Lichfield Diocesan Board of Finance St Marys House, The Close, Lichfield. WS13 7LD ## **The Parochial Church Council of Cannock and Huntington Financial Statements for the Year Ended 31[st] December 2024** ## **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. ## **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. ## **Going Concern** There are no material uncertainties related to events or conditions, that cast significant doubt on the charity's ability to continue as a going concern. ## **The Parochial Church Council of Cannock and Huntington Financial Statements for the Year Ended 31[st] December 2024** ## **Receipts and Payments Account** ||**Unrestricted**
**funds**
**Designated**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior year**
**total**
**funds**| |---|---| |**Receipts**
Donations and legacies
114,263
-
4,543
-
118,805
84,992
Income from charitable activities
49,521
858
574
-
50,953
45,290
Other trading activities
14,301
7,710
-
-
22,010
21,118
Investments
2,493
10
4,778
4
7,285
6,586
Other income
(33)
-
-
-
(33)
914
**Total income**
**180,545**
**8,578**
**9,895**
**4**
**199,021**
**158,901**
**Payments**
Raising funds
1,019
-
-
-
1,019
1,258
Expenditure on charitable activities
145,656
796
31,437
-
177,889
287,271
Other expenditure
6,500
-
-
-
6,500
1,959
**Total expenditure**
**153,174**
**796**
**31,437**
**-**
**185,407**
**290,488**
**Net income / (expenditure)**
**resources before transfer**
**27,371**
**7,782**
**(21,542)**
**4**
**13,614**
**(131,587)**
**Transfers**
Gross transfers between funds - in
-
-
-
-
-
5,063
Gross transfers between funds - out -
-
-
-
-
(5,063)
**Other recognised gains / losses**
Gains/losses on investment assets
-
-
-
5,052
5,052
18,854
Gains on revaluation, fixed assets,
charity's own use
-
-
-
-
-
-
**Net movement in funds**
**27,371**
**7,782**
**(21,542)**
**5,056**
**18,667**
**(112,733)**
**Reconciliation of funds**
**Total funds brought forward**
**1,134,237**
**166,602**
**(32,962)**
**220,561**
**1,488,437 1,601,170**
**Total funds carried forward**
**1,161,608**
**174,383**
**(54,504)**
**225,616**
**1,507,104 1,488,437**
**Represented by**
**Unrestricted**
General Fund
1,161,608
-
-
-
1,161,608 1,134,237
**Designated**
Bell Fund Des - St Luke
-
3,602
-
-
3,602
3,592
Bequest Des Fund - St Luke
-
117,875
-
-
117,875
117,875
Car Park & Grounds Des - St Luke -
38,994
-
-
38,994
32,081
Organ Des Fund - St Luke
-
13,911
-
-
13,911
13,053
**Restricted**
Agency collection
-
-
(3,837)
-
(3,837)
-
Barnabas Mission Res - St Luke
-
-
4,122
-
4,122
4,108
Chair Res Fund - St Thomas
-
-
322
-
322
322
Dorothy Linford Res Trust - St
Luke
-
-
2,692
-
2,692
2,627
Fabric Res Fund - St Luke
-
-
(58,952)
-
(58,952)
(41,168)
Interior Decorating Scheme
-
-
1,149
-
1,149
1,149
**Endowment**
Cannock Ecclesiastical Purpose
End - St Luke
-
-
-
5,653
5,653
5,493
Cannock Fabric End - St Luke
-
-
-
179,941
179,941
175,914
Dorothy Linford Trust End - St
Luke
-
-
-
38,707
38,707
37,841
W Bowen End Trust - St Luke
-
-
-
1,315
1,315
1,312|114,263
-
4,543
-
118,805
84,992
49,521
858
574
-
50,953
45,290
14,301
7,710
-
-
22,010
21,118
2,493
10
4,778
4
7,285
6,586
(33)
-
-
-
(33)
914| ||**180,545**
**8,578**
**9,895**
**4**
**199,021**
**158,901**
1,019
-
-
-
1,019
1,258
145,656
796
31,437
-
177,889
287,271
6,500
-
-
-
6,500
1,959| ||**153,174**
**796**
**31,437**
**-**
**185,407**
**290,488**| ||**27,371**
**7,782**
**(21,542)**
**4**
**13,614**
**(131,587)**
-
-
-
-
-
5,063
-
-
-
-
-
(5,063)
-
-
-
5,052
5,052
18,854
-
-
-
-
-
-| ||**27,371**
**7,782**
**(21,542)**
**5,056**
**18,667**
**(112,733)**| ||**1,134,237**
**166,602**
**(32,962)**
**220,561**
**1,488,437 1,601,170**| ## **The Parochial Church Council of Cannock and Huntington Financial Statements for the Year Ended 31[st] December 2024** ## **Statement of Assets and Liabilities – 2024** |**Class and nominal code**|**General Designated Restricted Endowment Total**
**Lastyear**| |---|---| |**Fixed Asset - Fixed assets**
St Lukes Centre - St Luke
1,164,217 -
-
-
1,164,217 1,164,217
St Barnabas Church Hall - St Luke
1
-
-
-
1
1
**Total**
**1,164,218 - **
**-**
**-**
**1,164,218 1,164,218**
**Fixed Asset - Investments**
Dorothy Linford Trust End - St Luke
-
-
-
38,707
38,707
37,841
Cannock Fabric End - St Luke
-
-
-
179,941
179,941
175,914
Cannock Ecclesiastical Purpose End - St Luke -
-
-
5,653
5,653
5,493
**Total**
**-**
**-**
**-**
**224,301**
**224,301**
**219,249**
**Current Asset - Cash At Bank And In Hand**
Lloyds Current Account - St Thomas
29,900
-
(230)
-
29,670
28,439
Bank Current Account - Parish Office
(91)
-
470
-
379
407
Bank Current Account - St Luke
(82,625)
174,383
(52,023)
1,315
41,051
17,728
Interior Decorating Scheme - Parish Office
-
-
1,149
-
1,149
1,149
St Luke Advance Fees Bank account
(2,752)
-
4,371
-
1,619
6,262
St Lukes Centre Bank Account
16,340
-
(4,483)
-
11,858
8,296
St Barnabas Church Hall Current Account
25,533
-
(2,314)
-
23,219
20,230
St Barnabas CBF Deposit Account 90002D
11,637
-
-
-
11,637
10,707
St Luke CBF Deposit Account 8001D
-
-
-
-
-
12,971
**Total**
**(2,058)**
**174,383**
**(53,059)**
**1,315**
**120,581**
**106,189**
**Liability - Agency Accounts**
Agency collections
552
-
1,444
-
1,996
1,218
**Total**
**552**
**-**
**1,444**
**-**
**1,996**
**1,218**
**Net total assets**
**1,161,608 174,383**
**(54,504)**
**225,616**
**1,507,104 1,488,437**|1,164,217 -
-
-
1,164,217 1,164,217
1
-
-
-
1
1| ||**-**
**-**
**-**
**224,301**
**224,301**
**219,249**
29,900
-
(230)
-
29,670
28,439
(91)
-
470
-
379
407
(82,625)
174,383
(52,023)
1,315
41,051
17,728
-
-
1,149
-
1,149
1,149
(2,752)
-
4,371
-
1,619
6,262
16,340
-
(4,483)
-
11,858
8,296
25,533
-
(2,314)
-
23,219
20,230
11,637
-
-
-
11,637
10,707
-
-
-
-
-
12,971| ||**(2,058)**
**174,383**
**(53,059)**
**1,315**
**120,581**
**106,189**
552
-
1,444
-
1,996
1,218| ||**552**
**-**
**1,444**
**-**
**1,996**
**1,218**| ||**1,161,608 174,383**
**(54,504)**
**225,616**
**1,507,104 1,488,437**| ## **Statement of Assets and Liabilities – 2023** |**Class and nominal code**|**General Designated Restricted Endowment Total**
**Last**
**year **| |---|---| |**Fixed Asset - Fixed assets**
St Lukes Centre - St Luke
1,164,217 -
-
-
1,164,217 1,164,217
St Barnabas Church Hall - St Luke
1
-
-
-
1
1
**Total**
**1,164,218 -**
**-**
**-**
**1,164,218 1,164,218**
**Fixed Asset - Investments**
Dorothy Linford Trust End - St Luke
-
-
-
37,841
37,841
34,587
Cannock Fabric End - St Luke
-
-
-
175,914
175,914
160,787
Cannock Ecclesiastical Purpose End -
St
-
-
-
5,493
5,493
5,021
**Total**
**-**
**-**
**-**
**219,249**
**219,249**
**200,395**
**Current Asset - Cash At Bank And In Hand**
Bank Current Account - St Luke
(82,150)
163,009
(63,131)
-
17,728
155,983
Lloyds Current Account - St Thomas
28,116
-
322
-
28,439
19,701
Bank Current Account - Parish Office
387
-
20
-
407
684
Interior Decorating Scheme - Parish
Office
-
-
1,149
-
1,149
1,149
St Luke Advance Fees Bank account
1.744
-
4,518
-
6,262
5,280
St Lukes Centre Bank Account
9,270
-
(975)
-
8,296
10,554
St Barnabas Church Hall Current
Account
22,544
-
(2,314)
-
20,230
14,426
St Barnabas CBF Deposit Account
90002D
10,707
-
-
-
10,707
10,707
St Luke CBF Deposit Account 8001D
(20,599)
3,592
28,666
1,312
12,971
12,568
**Total**
**(29,981)**
**166,602**
**(31,744)**
**1,312**
**106,189**
**231,052**
**Liability - Agency Accounts**
Agency collections
-
-
1,218
-
1,218
(5,506)
**Total**
**-**
**-**
**1,218**
**-**
**1,218**
**(5,506)**
**Net total assets**
**1,134,237 166,602 **
**(32,962)**
**220,561 **
**1,488,437 1,601,170**|1,164,217 -
-
-
1,164,217 1,164,217
1
-
-
-
1
1| ||**1,164,218 -**
**-**
**-**
**1,164,218 1,164,218**
-
-
-
37,841
37,841
34,587
-
-
-
175,914
175,914
160,787
-
-
-
5,493
5,493
5,021| ||**(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**| ## **The Parochial Church Council of Cannock and Huntington Financial Statements for the Year Ended 31[st] December 2024** ## **Fund movement summary – 2024** |**Fund**|**Opening**
**Incoming**
**Outgoing**
**Transfers**
**Gains/Losses**
**Journals Closing**| |---|---| |**Barnabas Res - St L**
Restricted
**Sub-totals**
**Bell Des - St L**
Designated
**Sub-totals**
**Bequest Des - St L**
Designated
**Sub-totals**
**Can Eccl End - St L**
Endowment
**Sub-totals**
**Cannock Fab End - St L**
Endowment
**Sub-totals**
**Car Park Des - St L**
Designated
**Sub-totals**
**Chair Res - St T**
Restricted
**Sub-totals**
**D Linford End - St L**
Endowment
**Sub-totals**
**D Linford Res - St L**
Restricted
**Sub-totals**
**Fabric Res - St L**
Restricted
**Sub-totals**
**IDS**
Restricted
**Sub-totals**
**Organ Des - St L**
Designated
**Sub-totals**
**W Bowen End - St L**
Endowment
**Sub-totals**
**General**
Unrestricted
**Sub-totals**
**None**
Restricted|4,108
15
-
-
-
-
4,122| ||**4,108**
**15**
**-**
**-**
**-**
**-**
**4,122**
3,592
10
-
-
-
-
3,602| ||**3,592**
**10**
**-**
**-**
**-**
**-**
**3,602**
117,875
-
-
-
-
-
117,875| ||**117,875**
**-**
**-**
**-**
**-**
**-**
**117,875**
5,493
-
-
-
160
-
5,653| ||**5,493**
**-**
**-**
**-**
**160**
**-**
**5,653**
175,914
-
-
-
4,026
-
179,941| ||**175,914**
**-**
**-**
**-**
**4,026**
**-**
**179,941**
32,081
7,710
796
-
-
-
38,994| ||**32,081**
**7,710**
**796**
**-**
**-**
**-**
**38,994**
322
-
-
-
-
-
322| ||**322**
**-**
**-**
**-**
**-**
**-**
**322**
37,841
-
-
-
866
-
38,707| ||**37,841**
**-**
**-**
**-**
**866**
**-**
**38,707**
2,627
1,053
988
-
-
-
2,692| ||**2,627**
**1,053**
**988**
**-**
**-**
**-**
**2,692**
(41,168)
8,254
26,038
-
-
-
(58,952)| ||**(41,168)**
**8,254**
**26,038**
**-**
**-**
**-**
**(58,952)**
1,149
-
-
-
-
-
1,149| ||**1,149**
**-**
**-**
**-**
**-**
**-**
**1,149**
13,053
858
-
-
-
-
13,911| ||**13,053**
**858**
**-**
**-**
**-**
**-**
**13,911**
1,312
4
-
-
-
-
1,315| ||**1,312**
**4**
**-**
**-**
**-**
**-**
**1,315**
1,134,237
180,545
153,174
-
-
-
1,161,608| ||**1,134,237**
**180,545**
**153,174**
**-**
**-**
**-**
**1,161,608**
-
574
4,411
-
-
-
(3,837)| |**Sub-totals**|**-**|**574**|**4,411**|**-**|**-**|**-**|**(3,837)**| |---|---|---|---|---|---|---|---| |**Totals**|**1,488,437**|**199,021**|**185,407**|**-**|**5,052**|**-**|**1,507,104**| ## **Fund movement summary – 2023** |**Fund**|**Opening Incoming Outgoing Transfers Gains/Losses**
**Journals Closing**| |---|---| |**Barnabas Res - St L**
Restricted
**Sub-totals**
**Bell Des - St L**
Designated
**Sub-totals**
**Bequest Des - St L**
Designated
**Sub-totals**
**Can Eccl End - St L**
Endowment
**Sub-totals**
**Cannock Fab End - St L**
Endowment
**Sub-totals**
**Car Park Des - St L**
Designated
**Sub-totals**
**Chair Res - St T**
Restricted
**Sub-totals**
**D Linford End - St L**
Endowment
**Sub-totals**
**D Linford Res - St L**
Restricted
**Sub-totals**
**Fabric Res - St L**
Restricted
**Sub-totals**
**IDS**
Restricted
**Sub-totals**
**Organ Des - St L**
Designated
**Sub-totals**
**W Bowen End - St L**
Endowment
**Sub-totals**
**General**
Unrestricted
**Sub-totals**|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**
34,843
(256)
-
-
3,254
-
37,841| ||**34,843**
**(256)**
**-**
**-**
**3,254**
**-**
**37,841**
2,190
1,301
864
-
-
-
2,627| ||**2,190**
**1,301**
**864**
**-**
**-**
**-**
**2,627**
8,655
7,976
57,798
-
-
-
(41,168)| ||**8,655**
**7,976**
**57,798**
**-**
**-**
**-**
**(41,168)**
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**
1,220,393139,479
228,673
3,038
-
-
1,134,237| ||**1,220,393 139,479**
**228,673**
**3,038**
**-**
**-**
**1,134,237**| |**Totals**|**1,601,170 158,901 **
**290,488**
**-**
**18,854 **
**-**
**1,488,437 **| ## **The Parochial Church Council of Cannock and Huntington Financial Statements for the Year Ended 31[st] December 2024** ## **Analysis of income and expenditure** ||**Total**| |---|---| ||**Unrestricted Designated Restricted Endowment This**
**year**
**Last**
**year**| |**RECEIPTS**
**Donations and legacies**
0101 - Gift Aid - Bank
19,526
-
-
-
19,526
21,533
0110 - Gift Aid - Envelopes
7,412
-
-
-
7,412
9,838
0201 - Other planned giving
4,673
-
-
-
4,673
6,600
0301 - Loose plate collections
10,169
-
-
-
10,169
5,726
0401 - Regular gift days
-
-
-
-
-
-
0410 - Giving through church boxes
804
-
-
-
804
228
0501 - One-of Gift Aid gifts
1,854
-
120
-
1,974
884
0550 - Donations appeals etc
4,102
-
4,422
-
8,525
2,139
0601 - Tax recoverable on Gift Aid
10,247
-
-
-
10,247
7,507
0701 - Legacies
13,738
-
-
-
13,738
25,000
0801 - Recurring grants
-
-
-
-
-
-
08A1 - Non-recurring one-of grants
15,774
-
-
-
15,774
4,364
0901 - Other funds generated
25,959
-
-
-
25,959
1,169
**Donations and legacies Totals**
**114,262**
**-**
**4,542**
**-**
**118,805 84,992**
**Income from charitable activities**(Cannock S Luke, Huntington S Thomas, Parish Ofice)
1101 - Statutory Fees for Weddings and
Funerals
6,849
-
-
-
6,849
7,472
1105 - Local Fees for Weddings and
Funerals
3,071
858
124
-
4,053
2,936
1230 - St Luke Centre Lettings
21,112
-
-
-
21,112
21,884
1240 - St Barnabas Hall Lettings
15,393
-
-
-
15,393
12,782
1242 - Other Centre Income (St Luke)
3,500
-
-
-
3,500
-
1244 - Other Hall Income (St Barnabas)
-
-
-
-
-
80
1246 - Church Ofice Income
(404)
-
450
-
46
135
**Income from charitable activities**
**Totals**
**49,521**
**858**
**574**
**-**
**50,953**
**45,290**
**Other trading activities**(Cannock S Luke, Parish Ofice)
0910 - Rummage sales etc
9,992
-
-
-
9,992
8,270
1220 - Bookstall sales - fund raising
300
-
-
-
300
-
1240 - Church hall lettings - fund raising
-
-
-
-
-
-
1250 - Magazine income - advertising
910
-
-
-
910
-
1260 - Parish magazine sales
1,158
-
-
-
1,158
1,523
1265 - Cafe Income
890
-
-
-
890
567
1270 - Car parking fees
1,050
7,709
-
-
8,759
10,757
**Other trading activities Totals**
**14,300**
**7,709**
**-**
**-**
**22,010**
**21,118**
**Investments**(Cannock S Luke, Parish Ofice)
1001 - Dividends
1,005
-
2,954
-
3,959
7,287
1020 - Bank and building society interest
1,487
10
1,824
3
3,325
(892)
1030 - Rent from lands or buildings
-
-
-
-
-
190
**Investments Totals**
**2,492**
**10**
**4,778**
**3**
**7,284**
**6,585**
**Other income**(Huntington S Thomas, Parish Ofice)
1310 - Insurance claims
-
-
-
-
-
-
1320 - Surplus - sales of fxed assets
-
-
-
-
-
-
1330 - Church to Parish Ofice Transfer
(33)
-
-
-
(33)
914
**Other income Totals**
**(33)**
**-**
**-**
**-**
**(33)**
**914**
**Receipts Grand totals**
**180,545**
**8,578**
**9,895**
**4**
**199,021 158,901**|19,526
-
-
-
19,526
21,533
7,412
-
-
-
7,412
9,838
4,673
-
-
-
4,673
6,600
10,169
-
-
-
10,169
5,726
-
-
-
-
-
-
804
-
-
-
804
228
1,854
-
120
-
1,974
884
4,102
-
4,422
-
8,525
2,139
10,247
-
-
-
10,247
7,507
13,738
-
-
-
13,738
25,000
-
-
-
-
-
-
15,774
-
-
-
15,774
4,364
25,959
-
-
-
25,959
1,169| ||**(33)**
**-**
**-**
**-**
**(33)**
**914**| ||**180,545**
**8,578**
**9,895**
**4**
**199,021 158,901**| |**PAYMENTS**||||||| |---|---|---|---|---|---|---| |**Raising funds**||||||| |1701 - Fees paid to fund raisers|-|-|-|-|-|-| |1710 - Costs of applying for grants|-|-|-|-|-|-| |1720 - Costs of stewardship campaign|162|-|-|-|162|102| |1730 - Costs of fetes & other events|856|-|-|-|856|1,155| |1740 - Investment management costs|-|-|-|-|-|-| |**Raising funds Totals**|**1,018**|**-**|**-**|**-**|**1,018**|**1,257**| |**Expenditure on charitable activities**(Cannock S Luke,||Huntington S Thomas, Parish||Ofice)||| |1801 - Giving to missionary societies|(77)|-|-|-|(77)|711| |1830 - Giving - relief and development
agencies|-|-|468|-|468|3,139| |1850 - Mission and Outreach|996|-|-|-|996|3,155| |1870 - Secular charities|751|-|-|-|751|6,075| |1910 - Ministry parish share etc|41,957|-|-|-|41,957|81,396| |2001 - Assistant staf costs|381|-|-|-|381|-| |2050 - Staf employment costs|20,007|-|-|-|20,007|44,444| |2055 - Verger Salary|-|-|-|-|-|-| |2060 - Organist Salary|3,895|-|85|-|3,980|1,460| |2101 - Working expenses of incumbent|2,772|-|-|-|2,772|2,627| |2120 - Council tax|-|-|-|-|-|-| |2130 - Parsonage house expenses|-|-|-|-|-|-| |2140 - Water rates - vicarage|-|-|-|-|-|-| |2145 - Parsonage - water|-|-|-|-|-|-| |2150 - Vicar's telephone|242|-|-|-|242|181| |2170 - Education|-|-|-|-|-|127| |2201 - Parish training and mission|-|-|-|-|-|-| |2301 - Church running - insurance|5,164|-|-|-|5,164|4,959| |2310 - Church ofice - telephone|1,146|-|-|-|1,146|1,205| |2312 - Church Ofice - stationery
2314 - Church Ofice - equipment|501
4,321|-
-|73
-|-
-|575
4,321|198
1,808| |2320 - Organ / piano tuning|75|-|30|-|105|636| |2330 - Church maintenance|5,270|-|162|-|5,432|2,197| |2331 - Cleaning|703|-|-|-|703|8,470| |2333 - Cleaning Materials St Luke's|361|-|-|-|361|901| |2335 - Waste Disposal|2,815|-|-|-|2,815|5,330| |2338 - Vermin Control|1,171|-|-|-|1,171|752| |2340 - Upkeep of services|1,337|-|957|-|2,294|2,399| |2350 - Upkeep of churchyard|7|-|-|-|7|49| |2360 - Administration|10,159|-|720|-|10,879|2,894| |2365 - Storage - of site|-|-|-|-|-|-| |2370 - Visiting speakers / locums|-|-|-|-|-|-| |2401 - Church running - electric|2,748|-|-|-|2,748|4,158| |2410 - Church running - gas|8,179|-|-|-|8,179|21,018| |2420 - Church running - water|392|-|-|-|392|367| |2430 - Church running - oil|-|-|-|-|-|-| |2501 - Magazine expenses|2,010|-|-|-|2,010|4,675| |2510 - Bookstall costs|-|-|-|-|-|-| |2515 - Cafe Costs|-|-|-|-|-|-| |2518 - Upkeep of car park|-|796|-|-|796|2,677| |2520 - St Lukes Centre running -
electricity|3,184|-|-|-|3,184|4,266| |2525 - St Lukes Centre running - gas|1,145|-|-|-|1,145|-| |2530 - St Lukes Centre running -
insurance|1,465|-|-|-|1,465|1,480| |2535 - St Lukes Centre running -
maintenance|4,724|-|3,064|-|7,788|2,522| |2540 - St Lukes Centre running -
telephone|246|-|-|-|246|234| |2545 - St Lukes Centre running - water|339|-|-|-|339|312| |2550 - Hall running - insurance|-|-|-|-|-|-| |2560 - St Barnabas Hall running -
electricity|4,240|-|-|-|4,240|5,060| |2565 - St Barnabas Hall running -
insurance|1,196|-|-|-|1,196|1,133| |---|---|---|---|---|---|---| |2570 - St Barnabas Hall running -
maintenance|953|-|-|-|953|2,033| |2575 - St Barnabas Hall running -||||||| |telephone|-|-|-|-|-|-| |2580 - St Barnabas Hall running - water|160|-|-|-|160|524| |2590 - Hall running - heating and lighting|-|-|-|-|-|528| |2595 - Car Park Expenditure|-|-|-|-|-|-| |2601 - Governance costs||||||| |examination/audit fee|-|-|-|-|-|-| |2701 - Church major repairs - structure|1,995|-|25,875|-|27,871|57,797| |2710 - Church major repairs - installation|2,903|-|-|-|2,903|-| |2720 - Church interior and exterior||||||| |decorating|-|-|-|-|-|-| |2801 - Hall + major repairs - structure|-|-|-|-|-|-| |2820 - Hall + major repairs - installation|5,806|-|-|-|5,806|3,184| |2830 - Hall + interior and exterior
decorating|-|-|-|-|-|172| |2840 - Gloucester Way upkeep|-|-|-|-|-|-| |2901 - New building parsonage house|-|-|-|-|-|-| |2910 - New building house for curate|-|-|-|-|-|-| |2920 - New building Church|-|-|-|-|-|-| |2930 - New building Hall|-|-|-|-|-|-| |**Expenditure on charitable activities**
**Totals**|**145,655**|**796**|**31,436**|**-**|**177,888**|**287,271**| |**Other expenditure**(Cannock S Luke, Huntington S Thomas, Parish|||Ofice)|||| |2332 - Cleaning Materials St Luke's
Centre|418|-|-|-|418|903| |2334 - Cleaning Materials St Barnabas|-|-|-|-|-|-| |2336 - Cleaning Costs - Church Centre St
Luke's|4,132|-|-|-|4,132|296| |2337 - Cleaning Costs - Church Centre St
Barnabas|1,949|-|-|-|1,949|760| |**Other expenditure Totals**|**6,499**|**-**|**-**|**-**|**6,499**|**1,959**| |**Payments Grand totals**|**153,174**|**796**|**31,437**|**-**|**185,407**|**290,488**| ## **Analysis of Transfer between Funds** ## **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 purpose ## **Staff Costs** ||**2024**|**2023**| |---|---|---| |||| |Wages & Salaries|£ 20,007|£ 44,444| |||| |Average number of
employees|4|5| |||| During the year the PCC employed 2 administrative officers, a caretaker, 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. ## **Trustees’ Remuneration & Expenses** 2 Trustees have been reimbursed £2,772 (2023: £2,627 – 2 trustees) for travel and phone expenses incurred during the year. 2 Trustees have been paid £1,580 (2023: £2,890) 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 £11,450 (2023 £12,000). ## **Fees for the examination of the accounts** ||**2024**
**£**|**2023**
**£**| |---|---|---| |||| |Independent Examiner’s
fees|210|200| |||| |Other fees (eg. Accounting
services) paid to
Independent Examiner|-|-| |||| ## **Fixed Assets** ## a. Tangible Fixed Assets |a. Tangible Fixed Assets||| |---|---|---| ||Freehold
Buildings
£|Total
£| |Cost or Valuation||| |As at 1st Jan|1,164,218|1,164,218| |Additions in theyear||| |Disposal in theyear||| |Revaluation(if any)||| |**Value at 31st Dec**|**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. ## b. Fixed Asset Investments ||At 1st Jan
£|Additions
£|Disposals
£|Transfers
£|Change in
market
value
£|At 31st
Dec
£| |---|---|---|---|---|---|---| |Endowment funds||||||| |DorothyLinford Trust|37,841||||866|38,707| |Fabric Fund|175,914||||4,027|179,941| |Cannock Ecclesiastical
Purposes|5,493||||160|5,653| |||||||| |**Total**|**219,248**||||**5,053**|**224,301**| 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** ## a. Amounts falling due in one year ||**2024**
**£**|**2023**
**£**| |---|---|---| |||| |Accruals|-|-| |Diocesanparish share|-|-| |Agency|1,996|1,218| |||| |**Total**|**1,996**|**1,218**| ## **The Parochial Church Council of Cannock and Huntington Financial Statements for the Year Ended 31[st] December 2024** ## **Prior Year Comparative - Receipts and Payments Account 2023** ||**Unrestricted**
**funds**
**Designated**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior year**
**total**
**funds**| |---|---| |**Receipts**
Donations and legacies
83,286
-
1,706
-
84,992
107,554
Income from charitable activities
44,357
933
-
-
45,290
46,734
Other trading activities
10,581
10,537
-
-
21,118
23,152
Investments
340
43
7,631
(1,430)
6,585
6,657
Other income
914
-
-
-
914
4,630
**Total income**
**139,479**
**11,513**
**9,337**
**(1,430)**
**158,901**
**188,728**
**Payments**
Raising funds
1,257
-
-
-
1,257
1,041
Expenditure on charitable
activities
225,455
3,153
58,661
-
287,271
228,947
Other expenditure
1,959
-
-
-
1,959
-
**Total expenditure**
**228,672**
**3,153**
**58,661**
**-**
**290,488**
**229,989**
**Net income / (expenditure)**
**resources before transfer**
**(89,194)**
**8,359**
**(49,325)**
**(1,430)**
**(131,588) (41,261)**
**Transfers**
Gross transfers between funds -
in
4,050
1,012
-
-
5,062
205,975
Gross transfers between funds -
out
(1,013)
(4,050)
-
-
(5,063)
(205,976)
**Other recognised gains / losses**
Gains/losses on investment
assets
-
-
-
18,853
18,853
(26,738)
Gains on revaluation, fixed
assets, charity's own use
-
-
-
-
-
-
**Net movement in funds**
**(86,156)**
**5,321**
**(49,325)**
**17,424**
**(112,734) (67,998)**
**Reconciliation of funds**
**Total funds brought forward**
**1,220,392**
**161,279**
**16,362**
**203,135**
**1,601,170 1,669,168**
**Total funds carried forward**
**1,134,237**
**166,601**
**(32,962)**
**220,560**
**1,488,437 1,601,170**|83,286
-
1,706
-
84,992
107,554
44,357
933
-
-
45,290
46,734
10,581
10,537
-
-
21,118
23,152
340
43
7,631
(1,430)
6,585
6,657
914
-
-
-
914
4,630| ||**139,479**
**11,513**
**9,337**
**(1,430)**
**158,901**
**188,728**
1,257
-
-
-
1,257
1,041
225,455
3,153
58,661
-
287,271
228,947
1,959
-
-
-
1,959
-| ||**228,672**
**3,153**
**58,661**
**-**
**290,488**
**229,989**| ||**(86,156)**
**5,321**
**(49,325)**
**17,424**
**(112,734) (67,998)**| ||**1,220,392**
**161,279**
**16,362**
**203,135**
**1,601,170 1,669,168**| ||**1,134,237**
**166,601**
**(32,962)**
**220,560**
**1,488,437 1,601,170**|