The Parochial Church Counell of the Eccleslasdeal Parlsh of BllllDgham Flnan¢lal Ststements For the ye8r ended 31$t De¢ember 2023 The Parochi*l Chur¢h Council of tht Eecle6ias1ical Parish of Billinghxm Index Amiual R¢port R¢port of th¢ YndepAde￿ Ex•mincr Stsiem¢nl of Fina￿]8￿ Activili Bal￿ Sh￿rt N(rt¢s to th¢ Fin•n¢ial St•tan The Poroehial Church Council of the Ecclesiastical Parish of ljtlllngham AnDu81 Report For the ye2r ended 31st Deeember 2023 The Palochial Chwcb Countil preséni th•r r¢port and fi￿AncIal Stsi¢m¢ttts for th¢ yeAr end¢d 3151 DeceJ)tht 2023. R¢fer¢thte ond Admlnlitradon Inforrnadom Principal Bi]JiD8b￿j P•risb Offie¢ St. AidaDs Cbu rn Avenue BilliWAm T323 2DF Ststus R¢8ist¢red QwityNo: 1158388 Rev. D. Brix*¢ Mr. J. E. Sbel MT. & H￿1 Mn. E. Ho]lifi¢ld Mr. G. ThTrf1￿Y MTh. N. Mn. J. Dix MT. C. WtlllD*oii Mr. J. Mr. D. All¢n M& J Thrley TS18 35H 123 High Strerl TS18 IAY The P¥rochlal Church Council of th¢ Eccleslastical Parish of Biilingham Annual Rep)rt For the )'e¥r ended 31st Deeember 2023 Th¢ primory objc£i of the PC.C 15 the promoiion of ihe Gosptl of +)vr Lord Jesu$ Christ according10 the doctrine5 8nd pra¢iices of the Chur¢h of En8land. Th¢ PCC of Billtn8bAm PzTish h86 the rw#)￿￿i11ty ofcww8tiDg with the leam in pnmiofitig in the e¢clesttsiioql isb. th¢ whole rnission of th¢ churc￿ pa5total. evan￿1)stIC. SOCI￿ and e£umtnical. Tke pce 15 cornrnitta to enoblin8a$ maoy pwk as possible ￿ wox5kn'F 8t tbe Clwrches in the Parish aod become psrt of the Balingbaw P8tish ¢ommunity. The PCC an overview of worship througbour the parish and makes $uWioNs cu how ow 5ervitt8 ￿ Invol￿ the m8nywp5 thal liv¢ within owparish. When plallnin8l￿raQtiVlticS for the the incunthi ￿)d tb¢ PCC hav¢ coniidertd the Commi55ion¥ kwdthc¢ on publ1¢ bcD¢fiI itt pAni¢ulgr, the I￿7fiC su3dw¢e on cl)ATities for the adV&T￿le￿I ofreliBion. In pKtiwi8T, w¢ ty to¢nable diWryp￿1¢ to live oDt ther faith as part of commwtythrow: . WoTthipand pT8yer. 1¢4rnin8 aly0￿ the GIW And developing thfflr knowl*e and trw¢ in Jesw: - Prmision orr4￿r¥I ￿Te for People￿￿81￿ thepri￿. later In the yw. The ￿l$b 1$ nOWmtiViDg forwLTd ina Fvsitive dIr￿ts￿L Thr m•in S* ￿r¥I￿t i% now held ￿ St Aid￿ than th¢ wiginal Val￿¢4￿¢ lo th¢ do￿ ill th¢ alw bitink>owre4¢rvu. insur￿¢4 utslities ¢4thiu¢kn bt the FI•A•d*l RethT Totsl IwJmio¢Ta(aUW foJd¥ wrrn £125J8712022: £1 JfjOI I), ofwbich £30.811 Q022: ￿2.152} volwslarydonatiolls •Dd £30S40 (2022.. £32079) wa¢ frojll w¢JdÉn8s and fim¢rnb. Tkn war no restlKt￿ the yeaT 202L ther¢ were reatricted of £10984 w¢ffeTvAv¢d tollvt c(w alld eosts ofbonff rnitTB). Our DI￿1￿ Quo18 wd for2023 w*s£75.000 (2Q21. £￿(J(KIl It i¥ the in¢ent1￿ oftheKf to maifjtsin a b￿•ll¢¢ (O Ullr¢B￿ t￿, wh*h eqv4t¢ffjts At lix N￿Od￿¥v￿r￿￿1c￿l PJyUWDts. equivjktti to £50,rsJo. to cover11￿1A￿D1j￿ of ittc(qtte in • Pw11￿]*}￿. Th¢b￿*￿￿kn￿d fijnds 1$ in lin¢ with thkipli¢y. Tbe P8roctsial Chur¢li Coun¢il of Ihe Ecdesiastic81 Parisb of Billin£h# Annual Report For th¢ y￿r enddl 31s* Deeembtr 2023 Strutlur< Gov¢rn¥kntt •ud M¥n*Etmtnt The PoTocbi81 a)urch Ccuncil is a corK*)nle body establllhcd by Iht ￿llrCh of En￿aTrd. Tr PCC operatcs under ¥h¢ PaTo¢hial Church Counci] Powets M¢z5vr¢ (1956) ai amertdcd attd Church reptt5enthti￿ ruks that ￿￿¢ In￿ fortt on lyt Awil 2013. The PCC is rejwired to r¢￿ter with th¢ Ch8Tities Commission. The method of wi￿tMent of PCC member5 15 5ct out in th¢ Church Rule8. All thureh Att¢nde*s gre ¢n¢ournsd to F¢￿Sle¥ on th¢ Eloctordl Roll tnd $tand for eletyion to th¢ PCC. Appmwiite ittdudioo •Ad tr•inin8 proth 8r¢ in pl9¢4 PCC m¢wbets Are 8¢Dt on T41ev￿￿ trniniti8 ¢OUtkB Th¢ FCCh&8 i SI￿dID8 Conmiittee which Jn¢aS to dis¢uss au areK of the 6trat¢w 4￿d activities of the PCC Ind to dteide on all of action. Cert￿tt tssks are deleyted where otteswy 4nd hjve been sei yp thal Yequir¢ close att¢￿104 foT¢xllmple, for ma￿]0￿, Givi0& FinattK BuildiD8 #nd C•mmvnic4tit)n8. Th¢ maiorIisks to whieh the PCC is ¢xpDs&l, ideDtifKd by the P(fJntsnba4 hav¢be￿ TeviÈw¢d w)d 8ysthB or Th¢ PCC will ha* Ioftsth gottK41ifficuh dKisionsin 2024 both 8ivins ond ￿ain8￿111b¢addr¢ty￿ mupitw¢d We continu¢ lo I￿k witb ¢￿fiknC¢, hope qnd faith io Go I wtyjld IiTrethot thank wll those who haitrriwl to help With all dwin8 this >%¥. ParticUl￿th•TrkS Bo ￿ the fojlowitiB: Mwielle Wgrd¢ll Misj BVJ Bwtf Mr Pd#JotheJ Lasdy, 4ndmosl importomtly. heth frli tyitud¢ go th each 4od who Iw eththTr+uted to th¢ I WO￿ byp¥yu wWorfllwici81 givi4& Prn>wundapins do and 0rfjllan￿ ¢th•bl¢ it to happ Ple4*e Contim￿ topray His wi•ion aDdFwteetion a8 ￿eNItIV•￿tt￿fyIffll the cdlinsof Hii CJnu¢h, b>WoThbip .1 hc Parochijl Chur¢h C.OUAciI of Ihe Ecclesiaslic81 PArlsh of Blllthgham Report of the Independent ExAmlner For thè y¢ar ended 3181 Decemb¢r 2023 I f¢POrt on Ihe a￿o￿nt8 Of thc PCC for th¢ year eiideo 3151 2023, which are set Dui on pages 5 1011. Resp•DFibilities #nd b•$l$ of repDrt A5 the n￿nt￿rS of the PCC. you •re responsible for the PTwauon of the accounts in awordaD¢e with tb¢ requFremert$ of th¢ Ch￿]1￿e* Art 2011 ￿he ACV). I reFQrt in rw of my examination oj the PCC'S a￿ou￿15 rarried ouf und¢r section 145 of the 2011 Aci and in ing oyt my ex•minatioJ). I bave followed all tb¢ •pplieable Dirrthions given by the Choriiy ComD)ission und Ee¢tion 145(5)(b) ofthe A¢t. IDd¢pndent ex•￿1￿&* ltstewnt I ¢ompkte41 my¢xwnination. I ￿rI￿3 no mfttters hDv¢ to myalteotion iti Conne￿ with the examination which 8ives m¢ ¢￿se10 bcJicv¢ that D￿1￿187 1¢$￿t. . theac¢ountsng rt¢onls ktpl ID O¢¢QTdanct with v£ti(m 130 of theChariti¢s ￿. or .the ¥CeOUDts did noi a¢coTd with the aC 280.894 333.123 Totsl 14nd8 ¢orthd fornard 9,10&11 The not￿ ¢)n Pa8M 7 ￿ 1 I forni partof thex a￿oUnts. The Paroehlal Church Counclj of the Etclesla$tld Parlsh of BiUin¥ham Balance Sheet As at 31$¢ December 2023 2023 2022 15156 154481 6.￿0 Casb •1 Ixnk aod in h•rwJ IIW3 134.886 UtbLIMI¥: CTtiJitor&' 8m(fiwts follhngthie withTDoney &473 Totsi lem ltsbllll Credl*orB.' lalll*8du¢ aftv th*#•De )Y•r T•tsi •et a¥iei• Pathh fodL' 179 Iw60 R¢odded fiwds io 12J28 140.0 12 Thendeson pw6 7 ty 1 I forni prt ofthesea¢co]ll Approvd by thePaK¢bi81 thw¢b AFvov&lby. D.M. Rev. D. B￿￿¢ Pa8e6 1.bt I'aro¢bl$l C-hurch C•uTJcII ￿[[br F.rflesEailic31 P•rish of ljillln%hgllP 'oie$ 10 the FlnM¢lat StAtezuÈDtI Por the end¢d 31st DeterAber 2023 I ACCOUliTIl4G POLICIES Bo•iB of prtp4r4tlo Tr PCC.¢onstii¥iw a publi¢ Fthef1te￿trIY ￿ dEfiDed byFRS 102. Tht fiwci81 h#vL b¢M Prep￿ed tr*ChariiiL¥ Ad 2011, iD JCGLTdan¢e witb thtchurch Atcouniing R¢8ulat>on$ 2006 80Sfrnin8 Ibc u)dividual actOLmrs of PC£s. umJe¥ FRS10212016) •4 the applic&blt *¢ountiDB stsndthk and the 2016 5ion of the SthtrTherJl nf Rcc¢xnma)tsl PTrthic4Accounlin8 Hnd Rwtin8 byCh¥ritits{SORP{FRSIW2)). Tr rthe￿Inj 5thtements hll￿ be¢n prwfd th¢hIst￿LI COSl¢ONweiKiOft.tx¢ept forInw¢ytllKlll A>¥cts, y&i¢ha¥r ihowj I m•rkel YAh￿. The firJRnci•l 5t8t¢MerAsiDGl￿￿EZjI tr•rnwii4)n5. •nd liebiliii% f¢r tbe PCC is wiIAe in l•w. Thry th) iDc)LNk Ihe8£¢wDts of ¢hwth zr¢x4)s thBI Owetheirn￿jll fiifjbiicth ioAaothErbody. llorth(fje th#¥te iDforn*l h¢riDg$d¢bwrh ￿￿be￿. The PCCh•s iiktrj adv8nts￿of￿XfQll0￿£4lKTWre￿0mplIDI1 iriiryin8the4e finaDcial Ststr￿E￿ts. •$ pmittttl ty FRS ITEillfthbJy. udh¥b¢fic&lFwtyofaDykind1••xe]Dd￿ fr(th &iifAK4)thl{e)ofth¢Ckni¢iM Art2011. Movr•ble¢huth h*Mby th¢¥w •Trdchvrthwthi trwt f(f th¢PCG and rtquhYofa¢uhyfty ins•i (# ￿ rax•thleiimtl rna¢qWprikYto2014 thutls iDJukn ¢•Jthfaw•liw 4v•Olabk EqtsipttentowJwithinthc¢hu¥¢h is cWkn11*41U￿￿pnI&t¢dots 16trWJirtb•sli oKYth¢ Ilfvof thèxmt. Th¢sthtellth offmtiei8J illclud¢s th¢ ttrt84ios ￿d 105$41 feVAlu￿#￿ddlY￿￿1knYTh￿&￿ th¢>w. iothEPCCM 3151 D￿￿nb￿1Th offew, in¢aDe•r¢showm tsdtbm Iw5Jmiiirn f The P#rotlii¥l Chuwh Coundl of ihe ErCle¥125￿cal Parish vf BS11ingham Ngles to tht FknAnclal Si*itments or the vtar ended 315t Detember ZOLI Unrt5tr4ted Rtstricted EDdowmeui Fwi¢h FuRds Futsd Tol•l 2023 TotAI 2022 Pl￿ned.. Stanthng (kd¢r¥ Enve]apcs R￿0v¢￿bj¢ 2AS72 4A39 11,782 11.289 8.958 26572 4339 11.?82 J 1289 8.958 25.020 7,132 9.060 11.459 J.485 10984 2b Cknrth •ell 30,￿0 24.478 32,879 19,655 24.478 757 $65 2¢ Otkr The P8ro¢hi81 Chureh C'ouncil of the E￿1¢51•$tiegI P8ri$h of Bill•ngh# Notes to iht FftnaD¢i*l Ststements For the )'ear ended 31st December 2023 3 ADAIysis of ¢xp¢ndlthre UNresthd Regtrld¢d Totsl Funds Funth 2023 Totsl 2022 3b Mls$1on Glth¥ & Don4 Clorch a¢tlvkl•6 Parish Shw¢ 75.IKID 75.( 72.000 DBF ftts 5.689 5A74 53 41￿15 34.025 5fi15 726 4,201 863 3.356 4.467 450 .699 532 585 4&435 34,025 5,615 726 42OJ I￿50 46,754 2fj453 Hea4 lishi watt¥ & inspjr 13 W*1th1d￿ QTOV¢ citsts 1.813 3J56 2233 450 450 18 1,452 189.l5J 4 Erylo>•e Wws aDd #lui¢J 4J67 2233 (￿1 Thv Psro¢hi•l Cburch Counci] of the E¢r1￿1￿$￿t#1 P*ri5h of HillinghH P4olts lo iht Finau¢l*l Statement6 Tror tbe YtaT *Dd¢d 31st Jletembtr 2023 S INVF.s'fhfF.PtTS 2023 2022 Markei ￿luc at i* J•r4zBry 202.A UnTtsrricied 14.481 J40.0011 16,426 140.0(K) Dispwlg at crn walye {14￿000) 8ain Th) r￿￿1￿lion l?75 (1.945) Markd n14eai 3Ja D¢¢emb¢r 2023 Is 154.481 14.481 140,1 $in2n023 J1112r2023 Cuthkn Trnot foMI. 701.43 CB.F Itsc4ffj¢ 14 6J5J 5,189 I LiABAUTIES: AMOUF4TS FALUNG DiJE AFIER ONE Y The Parothial Cburth Cowira of the E¢¢l¢sh&stl¢al Parhb oJBllllnBh# ￿￿¢¥ lo thr FtsxD¢lal Stat¢mvnt$ For th¢ y¢w ¢nd¢d 31st De¢*mbtr 2023 9 UNRESTRICIED FUNDS 2023 B￿￿uBbt iBtJaw2023 126.366 J79J90 125J87 187.699 .3?5 111320 179.949 I64A90 (1S45) Canigj forwoTda131aDMth 2023 J4566 Iwoj 124. D#1￿￿j fimd-si. Al(kn￿ H#tia8 fw fjJDd. St i.i(K) 12#.566 I• RESThICIED FUNDS At l*JAW8ry 7.743 3.665 532 11320) Ai St. Pdtr8CbwtlkythIPohl &663 4,570 8,663 IA05 1.937 9,047 1.937 9.N7 11 ENDOWMEf4T Fuf4D B* kjrwwdii l J4ww2W23 140.0 (29,￿Al) rftu5fty 12 AFIALYSISOF FUNDS T• T• 15I56 1Th017 15J56 154N81 I81￿2 134.886 9.556 LIthd1￿¢% duv with¢ty•rty¢w I￿.919 56 189.505 IJ RELATEDPAkTYJ)1SCLOSURES Pwll