Annual Report and Financial Statements of the Parochial Church Council of The Parish of Bloxwich st For the year ended 31 December 2024 Registered Charity Number: 1159897 Page I
DIOCESE OF LICHFIELD Come follow Christ in the footsteps of St Chad The Parochial Church Council of The Parish of Bloxwich st Trustees, Annual Report for the year ended 31 December 2024 Charity registration number: 1159897 Ob-ectives and Attivities The Parochial Church Council of The Parish of Bloxwich (the PCCI has the responsibility of co-operating with the incumbent, Rev David Candlin. 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 a5 possible to worship at our church and to become part of our parish community at all three Churches All Saints, Holy Ascension and St Thomas's. Our services and worship put faith into practice through prayer, scripture, music and sacrament. A150, through non sacramental activities of hospltality and fellowship we aim to reach non churched members of the community. Public Benefit The trustees of the Charity 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 Bloxwich, it helps to promote the whole mission of the Church {pastoral, evangelistic, social and ecumenicall 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 communitie5, to the benefit of individuals and society a5 a whole. Achievements and Performance Team Rectorfs Report 2024 was the third full year of my ministry here in Bloxwich. We continue to grow together as a parish and share regulady in activities such a5 Messy Church and Bible study. Our three congregations gathered to share in Eucharists to mark Ascension Day, 5t Thomas's Day and All Saints, Day. We a150 worship together on Maundy Thursday and Christmas Day. Mission Holy Ascension, St Thomas's and All Saints worked together to prepare a mission plan and we have responded as a parish to the diocesan Shaping for Mission goals by identifying mi55ional priorities for each church in their respective districts. Key opportunities for growth in numbers and discipleship include Truth Be Told- our monthly informal afternoon service hosted at All Saints- and our work with schools - particularly the two Church of England Primary schools IAII Saints National Academy and Little Bloxwichl. During the year we also established new relationships with Abbey and Lower Farm primary schools. We reach out to our local community through the Ploces of Welcome initiative. We have a long-running weekly coffee morning at Holy Ascension and during 2024 we launched a place of welcome at St Thomas's. This was, by chance, the 200 place of welcome in the diocese and we celebrated this landmark by hosting a party with folk from the diocese and cutting a cake to mark the occasion. Page 2
In August we hosted a well-attended Open Day at All Saints which provided a showcase for our activities. We welcomed local people into church to learn about our faith, to find out about weddings and baptisms, to have a go at bell-ringing, and take part in a Messy Church taster session. Volunteers from our three churches worked hard to make a success of the day and we hope we might repeat this in future. Finances Our financial situation improved in 2024 as we paid off our parish share arrears and met our Common Fund allocation in full. Holy Ascension and All Saints were generous in their support to enable the congregation at St Thomas to end the year in surplus. l am grateful to those who sponsored my bike-ride to Aberdovey on the Welsh coast, raising over £2,000 for All Saints renovations. During the year we accepted an offer for the mission building in Old Lane and at the end of 2024 we are close to completinB the sale. Earlier in 2024 the PCC submitted a revised bid for a grant of £600,000 from the Town Deal Programme to launch the Bloxwich Advice t7ndSkills Hub IBASHI. This was envisaged by the PCC as a service to the community and a means of securing funding to renovate All Saints. church hall. However, concerns about our ability to raise revenue funding for scheme, and the fact that Walsall Council announced a very similar initiative in the old post office in Bloxwich marketplace, led the PCC to withdraw the application. Buildings Holy Ascension and St Thomas's are buildings in relatively good shape,. by contrast, All Saint5 is a challenge to maintain. We made the decision in 2024 to renovate the narthex and improve the toilet facilities at All Saints, and we are awaiting faculty approval for these works. In the middle of the year there was a pigeon infestation in the bell tower and significant fouling, which clogged the clock mechanism. We also experienced leaks in the tower guttering. Remedial work in the tower has been hampered because access ladder5 do not meet modern building standards. On the plus side, we have installed a broadband connection in All Saints which facilitates cashless givin& which we believe should increase donations- particularly at weddings and funerals. People Our churches function because of the hard work and commitment of volunteers,. I give thanks to you all because without your generou5 giving of time and energy we could not thrive as we do. Rev Chris Davies departed from us in September to be Rector at St Chad's Lichfield. We give thanks for his ministry here in Bloxwich and wish him well in his new post. Rev Amanda Mallen is reaching the end of her curacy and we pray that She will discern clearly God's call in this next stage of her ministry. She has made a significant impact here and will make a super incumbent wherever God leads. During 20241 began a voluntary chaplaincy at HMP Oakwood, which I visit for a couple of hours each week to lead worship and Bible study. The prison was without an Anglican chaplain throughout 2024 and we pray that a new appointment will be made in 2025. Reflertion Going forwards we must come together in the painstaking work of growth, without which our ministry and mission in this parish will flounder. Growing in numbers. discipleship and evangelism is a calling Jesu5 makes on all Christians it's not just the work of the clergy or the warden51 We are all called to join in with the work of the Holy Spirit- who will direct us and fill our heart5 Wlth desire to share the Gospel. This is an exciting journey- levs embrace it together! January 2025 David Candlin Team Rertor Page 3
Financial Review PCC of Bloxwich Net Total Assets.. £142,435 20241£140,844 20231 Deficit.'1£27312024- Unrestricted Deficit:1£2671 Restricted Deficit.. {£61 IDeficit.' l£11,278120231 All Saints Accounts.. Net Total Assets.. £100,044 20241£103,424 2023] Excess- £1,105 2024 - Unrestricted Excess.. £1,760 Restricted Deficit.'1£655) IDeficit.'1£7,05812023 Doy-to-doy income ond expenditure All Saints recorded a small deficit of £1,963 on day-to-day activities- with the General Fund showing income of E54,63012023- £65,175) and expenditure of £56,59312023.. £50,489). Donations plus tax recoverable through gift aid totalled £37,59012023'. £36.5671. Our weddings and funeral ministry continues to be a significant source of funds - with income from fees and charges of £11,718 although this is a decline of almost a third on the previous year12023'. £16,980). This is a cause for concern given the importance to our finances of income from occasional fees. We have plans in place to renovate the entrance areas to the building and the toilet and kitchen facilities to enhance its appeal,. we are currently applying for a faculty for this work. Our largest single outgoing was our Common Fund contribution to the Diocese of Lichfield - which we paid in full in 2024- £33,13212023: £32,564). We also Succeeded in paying off our remaining Parish Share liability of £9,865 carried over from previous years, assisted by the diocese writing off arrears of £6,745 incurred during the Covid 19 pandemic. Other major day-to-day expenditure in 2024 included insurance1£8,1281 and utilities1£6,1031. Re5trictedfunds There was relatively little movement in restricted funds compared with 2023, when we spent £31,864 from restricted funds. In 2024 there was a reduction of £552 in the various funds - with income of £4,436 (largely made up of a one-off donation of £3,500 from a member of the congregation) and expenditure of £4,988. The largest expenditure from restritted funds wa5 £2,268 to clear the church gutters of leaf litter and £600 to remove offensive graffiti from the church and church hall. Designotedfvnds Income from church hall lettings has re¢overed significantly. raising £11,088 in 2024 (compared with £5.258 in 2023 and just £1,072 in 20221. Hall running costs - comprising ener8y and water costs, maintenance and the wages of a part-time cleaner- were £6,56512023.' £6.4911. Hence the church hall made a surplus of £4,523 for church funds. The long-term future of the church hall remains in doubt- the building require5 significant Spending on the roof, electrical system, windows and the kitchen, and All Saints, DCC has decided to pause any significant additional Spend on the building until its future is decided. We are however fortunate to have organisations who hire the hall on a regular ba515 and contribute in kind to the upkeep of the bui Iding. Income ond expenditure.. Conclu5ion5 Summing the general, restricted and designated funds, total income in 2024 was £71,204. This continues a downward trend in income over the past three year5. However expenditure was £70,099, $0 overall All Saints made a small surplus of just over £1,000. Year 2024 2023 2022 £94,396 Income £71,204 -12.9% £81,796 -13.3% Year-on-year change Expenditure Year-on-year change Surplus or Deficit £70,099 -21.1% £88,844 -19.5% £110,392 £1,105 -£7,048 -£15,996 Page 4
The pattern of reduced losses in preceding years and then a small surplus in 2024, shown in the table above, is largely a consequence of a significant reduttion in Spending on the church building, which may mean we are kicking a can down the road and storing up significant repair and maintenance costs for future years. Balonce Sheet Our balance sheet has held up pretty well over the last three years, with Net Total Assets standing at just over £IOOk at the end of 2024 compared with £103,425 at the end of 2023 and £106k at the end of 2022. Over £80,000 of our Net Total Assets are in designated funds; it is likely that the DCC will need to undesignate a proportion of them in 2025 because our general fund is i n deficit by almost £1,200. Thank5 Thanks go to all who contribute time and money re8ularly, who make generous one-off donations, who manage our income flows that is fundraising, weddings, funerals and the hall hire- or who pray for the wellbeing of our churches. Our prayer continues to be that we might grow in numbers, bringing new people to Christ and increasing our capacity to serve our community and maintain our buildings. Hol Ascension Accounts.. Total Assets.. £32,514 2024 [£26,673 20231 Excess.. - £4,841 IExcess.' £2,277 20231 Another good year for Holy Ascension. The overall income has increased from £29,813 2023 to 31.8712024. Loose plate collections 0301 have increased however donations 0550 have reduced slightly. Church hall lettings continue to increase but all other areas are pretty much the same as 2023. Expenditure has reduced from £27,535 2023 to £27,030. The most notable differences increases in 1801 giving to missionary societies, 1910 Common Fund and 2300 Parish expenses which is transferred to the Parish account by all Churches. There have been reductions in 2330 Church maintenance and Church interior and exterior decorating 2720. Holy Ascension have again paid their Common Fund request in full. Thanks BO to Richard for his continued support Parish.. Total Assets.. £840 20241£4,914 20231 Deficit=1£4,07412024 IDeficit:1£4.748120231 Each Church now transfers funds into the Parish account and this will be shown against code 2300 Parish expenses. So that there is no duplication the Agency accounts are used to receive the funds and pay any invoices. At year end the Agency account Parish Expenses will be cleared and the contra entry posted against 2300 within the Parish licence so that on con501idation the correct net figure is shown. In 2024 this figure is shown a51610.581 against code 2300. Bloxwich Youth account remains open and the majority of the income comes from Church hall lettings 1230. This has reduced significantly from £6,880 2023 to £3.452 2024. There do not appear to be any other notable differences. Thanks go to Sue Talbot for her continued support Page 5
St Thomas Accounts.. Total Assets.. £9,036 20241£5,83120231 Deficit=1£2, 1441 IDeficit.' l£1,749120231 Overall income has increased from E23,678 2023 to £27,135 2024. The most notable differences being increases in 0101 Gift ai d collections, 0301 Loose plate collections, 0550 Donations and 1230 Church Hall lettings. Expenditure has also increased from £25,427 to £29,280 2024. The most notable difference being 2440 Heating & Lighting which is the code now used and should be compared to 2401 and 2410, 2330 Church maintenance, 1910 Common fund and 2300 the new code for Parish expenses. St Thomas have paid their 2024 Common fund in full and the remaining £1,883 has been written off. Thanks go to Margaret for her continued support. Reserves Polic It is PCC policy to try to maintain a balance on free reseNes Inet current assets) which equates to at least three months un restricted payments. Each church will identify their own figure based on its expenditure. The reserve will be held in a designated fund on the Statements of Assets and Liabilities. However, for the purposes of this report we have quoted the target as a whole. Three months expenditure is equivalent to £30,131 2024 1£26.695 20231. It is held to smooth out flurtuations in cash flow and to meet emergencies. The balance of the free reserves at the year-end was £16.437 20241£37,192 20231. In addition to this Holy Ascension has £5,988 and St Thomas has £2,409 held is a designated Reserve fund, bringing the total to £24,834. This is lower than the target. However there are a further £81,205 held in designated funds which could be transferred to the General fund if needed. In the uncertain economic climate, it is felt to have a healthy reseNe is a good foundation for the future and will allow the charity to explore different outreach if identified and a150 be secure of having sufficient reserves if called upon in any unforeseen circumstances. Investment Poli The charity 15 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 15 Sought from the Central Board of Finance ICCLAI in London. The chariWs investment policies are based on two key principles.. Ethical Investment- this in¢lude5 ensuring that investments are held in companie5 which have high standards of corporate governance and act in a responsible way towards stakeholder5. Long-term responsibilities the trustees are aware of their long-term responsibilities in respect of the Restricted and Unrestricted reserves and a5 a result follow a prudent approach to investment decisions. Investment policy for long-term fund5 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 h ave a policy of generating income at excessive or high risk - known as "purchasing income" where high return5 are guaranteed at the expense of capital. In summary. the charity has an overall policy to maximise income while preservin8 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 alon8 Wlth tax recoverable. Page 6
Safe uardln 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 safeguardin8 children and vulnerable adults). Re ortin Serious Incidents A Serious Incident is an adverse event, whether actual or alleged, which results in or risks significant harm to the charivs beneficiaries, employees, office holders, volunteer5 or to others who come into contact with the charity through its work, loss of the charity's money or assets, damage to the charitys property or harm to the chariVs work or reputation. The trustees are not aware of any Serious Incidents in the last year Fundraisin 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 forfundraising 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 of the 50 volunteers who work so hard to make our Church a lively and vibrant community. Risk Mana ement 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 Mana ement The PCC is a Body Corporate e5tabli5hed by the Church of England and is a Charity registered with the Charity Commi55ion. The PCC is governed by the Parochial Church Council Powers Measure119561 as amended that came into effect on 2. 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 representstive 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 trainin8 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 met 6 times in 2024. Related Parties No related parties were either employed by the PCC or offered a contract to carry out work on the Church Donations from Related Partles Donations from 13 related parties during the year totalled £6,0971£13,525 20231. All these donations were received without conditions Remuneration aid to Trustees None of the trustees have been paid any remuneration or received any other benefit5 frorn employment with the PCC enses ald to Trustees One trustee was reimbursed £3241£253 20231 for travel and subsistence during the year. Page 7
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Reference and Administrative Details Charlty Name: The Parochial Church Council of The Parish of Bloxwich Other names the charity is known by: N/A Registered Charity Number: 1159897 Chariws principal address: The Rectory, 3 Elmore Row. Bloxwich Walsall WS3 2HR Correspondence address: The Rectory, 3 Elmore Row, Bloxwich Walsall WS3 2HR Website address: htt www.bloxwich arish.or PCC Members: Who Served from l January 2024 to the date this report was approved Dates acted if not for whole period Trustee name Office lif any) Ex-officio Revd. David Candlin Rector/Chairperson Team Vicar Revd. Christopher Davies Resigned 22.09.24 Mr StuartAnnis District Warden Revd Amanda Mallen Curate Mr Ade Mallen Deanery Synod Appointed 27.04.24 Revd. Patricia Nesbitt A55i5tant Minister Miss Donna fitlev District Warden Ms Angela Partoon Mrs Helen Thorpe-wood Lay Minister Lay Reader Mr Mark Burrows Deanery Synod Deanery Synod District Warden Holy Ascension District Warden Resigned 27.04.24 Resigned 18.06.24 Ms Sandra Clift Mrs Leslie Harris Ms Sharon Perkins Appointed 27.4.24 Resigned 27.02.24 Ms Helen Hardwick Deanery Synod Deanery Synod M5 Edna Marshall Elected Members Mr Richard Harris Holy Ascension Holy Ascension All Saints IPCC Secretaryl All Saints Mrs Susan Walters Mrs Sheila Harvey Mrs AmyJane Cox Ms Gemma Caldwell M5 Pauline Kenn Page 9
Bank Ucyd5 Bank PLC Tha Bridge Walsall Investment Mana8ers CCL4 l Angel Ln London EC4R 3A8 Independent Examlnei Jonathan Hill Lichfield Diocesan Board of Finance St Marys House, The Close, Lichfield. WS13 7LD Approved by the PCC on 01.04.2025 and signed on its behalf by., David Candlin PCC Lay Mem Page 10
Independent Examinerfs report to the trustees/members of The PCC of The Parish of Bloxwich Registered charity number: 1159897 I report on the accounts for the year ended 3151 December 2024 which are set out on the following pages. Res ective res on5ibilities of the Trustees and Inde endent Examiner The charit¢5 trustees are responsible for the preparation of the account5. The charivs trustees consider that an audit is not required for this year under Settion 144 of the Charities Act 2011 Ithe Charities Act) and that an independen t 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 14515llbl of the Charities Act, and to state whether particular matters have come to my attention. Basis of Inde endent 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 explanation5 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 fairf, view and the report is limited to those matters set out in the statement below. Inde endent 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 sertion 130 of the Charities Act or the accounts do not accord 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.. th Date.. 24 April 2025 Mr Stephen Hendy Data Developments, First Floor, The Chubb Buildings, Fryer Street, Wolverhampton WVI IHT Page 11
The Parish of Bloxwich Notes to the Financlal Statements For the year ended 31" December 2024 Accountlng 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. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members. Cashflow Statement The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a cashflow statement on the grounds that the income does not exceed £500,000. Going Concern There are no material uncertainties relate to events or conditions that cast significant doubt on the charivs ability to continue a5 a going concern. Accounting Estimates and Prior Year Errors No changes to accounting e5timate5 have occurred in the reporting period. No material prior year errors have been identified in the reporting period 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 reSee5, as disclosed in the trustees, annual report. An explanation of purpose of each Designated fund are as follows Decoration - Historic funds held for the decoration of Cresswell crescent. The fund currently holds £37. 1 advise this is transferred to General fund as monies are held with Lichfield in the IDS account. Hall Parish Hall- Fund set aside for the upkeep of the Parish Hall - All Saints Clergy discretionary Spend - A fund set aside for payments at the discretion of the Clergy- All Saints Di5cipleship/EvangelismlVocation A fund set aside for the missionary work of the Parish- All Saints Reserve Fund - 3 months expenditure set aside - Holy Ascension & St Thomas Mission Resource- Funds set aside for Mission - St Thomas Santa- Funds set aside for Santa Gift5. This fund holds £7 - advise this is transferred to General Page 12
Restricted funds comprise oftwo elements=_ al income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest bl 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 8iven. Any balance remainin8 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 bas15. An explanation of purpose of each Restrirted fund are as follows: Altar Fronts- Specific donations for Alter Fronts- Holy Ascension - At nil to be closed Bibles- Specific donations for the purchase of Bibles- All Saints Choir- Specific donations for the work of the Choir- All Saints Building fund Specific donations and grants for the Building -Holy Ascension Building Maintenance- Specific donation for the maintenance of the building at St Thomas. This fund is overdrawn 1£4911-. advise that funds are transferred from General to clear and close. Craft Group St Thomas- Fund set up to record specific income and expenditure for the outreach Craft group Church Maintenance- A donation of £5,000 was received in 2024 specifically for Church Maintenance - All Saints Clock Maintenance - Donations from Robert Parker Charity - The wording of the Will 'to give it to Bloxwich Chappel towards making them a stocke to repair the Church and to keep the Clock in order when needs doth require, Disability- Specific donations and grants for Disability Facilities for Church Hall All Saints Family Work- Family Worker Growth- Specific Grants for the work of the Family Worker- All Saints Holiday Club Specific donations for the Holiday Club- All Saints IDS Decoration Scheme- Funds specifically for the redecoration of the Vicarages King- King Incumbent and Church wardens trust- Relief of the poor in the Parish boundary- All Saints. At nil to be closed in 2025 Sound- Specific donations for the Sound system - All Saints at nil to be closed in 2025 Endowment funds are restricted funds that must be retsined 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 unrestrirted. Full details of all their restrictions are shown in the notes to the accounts. An explanation of purpose of each Endowment fund are as follows: The Parish of Bloxwich does not hold any Endowment funds. Incoming Resources Planned giving, collection5 and donations are recognised when received or when the PCC becomes entitled to the resource and the monetary value can be measured with sufficient reliability. Tax refunds are recognised when the incoming resource to which they relate is received. Grant5 and Legacies are accounted for when the PCC is legally entitled to the amounts due and the monetary value can be measured with sufficient reliability. Dividends are accounted for when receivable, interest15 accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross. Resources Expended Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally reco8ni5ed when it is incurred and is accounted for gross. Governance and Support Costs Support Costs should be allocated between governance costs and other 5UPPOrt. Governance cost5 comprise all costs involving public accountability of the PCC and its compliance with regulation and good practice. support Costs include central function5 and have been allocated to activity c05t categories on a ba515 consistent with the use of resources eg by allocating staff costs by time spent and other cost5 by their usage. Page 13
Fixed Assets Consecrated and benefice property is not included in the accounts by 5.10121(al&lCI 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 lat any reasonable timel. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the finan cial statements. No depreciation is provided on building5 as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets exceeds 50 years, so that any depreciation charges would be immaterial. Other tangible fixed assets are valued at cost. The depreciation rates and methods used are 50% per annum. Investments Investments in quoted shares, traded bonds and similar investments are valued initially at cost and subsequently at market va lue at the year end. Investments held for re-sale are treated as current asset investments. Debtors Debtors are measured on initial recognition at settlement amount. Subsequently they are measured as cash expected to be received Creditors and Accruals Creditors are measured at settlement amounts less any trade discounts. Accruals are measured on best estimate of the amount required to settle the obligation at the reporting date. Page 14
The Parish of Bloxwich year ending 2024 Receipts and Payments Account 2024 Unrestricted Designated Restricted Endowment 2024 2023 Receipts Donations and legacies Income from charitable activities Other trading activities Investments Other income Total income 55,161 57,814 io 3,550 1,050 11,088 3,807 817 60,018 69,719 io 4,153 68,991 69,304 86 3,408 503 142,293 603 116,536 12,138 5,228 133,902 Payments Raising funds Expenditure on charitable activities Totsl expenditure 167 120,358 120,525 103 5,131 5,235 271 133,904 134,176 848 152,722 153,571 8,415 8,415 Net income l (expenditure) re50urees before transfer (3,9891 3,722 {61 1273} (11,278) Transfers Gross transfers between fund5 - in Gross transfers between funds - out Other recognised gains I losses Gains I losses on investment assets Gains on revaluation, fixed assets, charity's own use Net movement in funds 90 124,8981 24,735 671 15991 25,498 125,4981 10,153 110.1531 755 7,288 637 471 17.2881 1,864 6.415 11,5201 120,7541 29,096 {6,7511 1,591 16,3821 Total funds brought forward 37,191 60,505 43,147 140.844 147,227 Total funds carried fonvard 16,437 89,602 36,396 142,435 140,844 Page 15
Statement of assets and liabilitles 2024 General Designated Restricted Endowment 2024 2023 Fixed assets- Investments CCLA CRESSWELL INVESTMENT- CCLA Bloxwich - William King - CCLA Bloxwich Foster 4461487 - 1,811 1.811 3,748 12,712 58,140 74,602 59,471 59A71 59,471 61,282 Totals 1,811 Fixed assets- Tangible assets Projector & Laptop- 479 479 479 479 Totals Current assets- Cash at bank and in hand The PCC of the Ecclesiastical Parish of - Bank current account- Bank current account- All Saints DCC- Ingram Trust- Building Fund Current Account- Bloxwich Youth Church - Cash in hand - Petty Cash - Coffee Morning Petty Cash - HSBC Current Account- CCLA ICBFI deposit account- CCLA ICBFI deposit account- Bloxwich - 3 Elmore Row- IDS Decoration Account LICHFIELD - Bloxwich - 9 Sanston Road - 2,530 79 2,610 465 122,9991 11,174 20,876 5,988 11,929 202 408 5,512 5,000 9,806 17,364 412 5.512 3,255 55 75 48 6,823 9,448 25,304 1,424 437 14,264 11,897 407 5,512 4,354 107 98 128 3,513 8,972 26,912 1,299 437 11,7441 55 75 48 11731 9,448 3,984 1,424 437 3,731 3,265 21.319 64 38,366 64 82,643 64 78,437 Totals 14.146 30.130 Llabilities - Agency accounts Agency collettions - 1.970 1,970 1,970 1.970 447 447 Totals Liabilltles- Creditors: Amounts falling due In one year Common fund Liability- All Saints 9,865 Common Fund Liability- St Thomas- Totals 1,883 11,748 Grand total 16,437 89,602 36.396 142,435 140,844 Approved by the PCC on 01.04.2025 and signed on its behalf by.. David Candlin Sheila Harvey, PCC secretary Page 16
Statement of assets and liabilities 2023 Class and nominal code General Designated Restricted Endowment 2023 2022 Fixed Asset- Investments C83028431.' CCLA CRESSWELL INVESTMENT CB3028432.. CCLA Bloxwich - William King CB3028433.' CCLA Bloxwich Foster4461487 3,748 3,748 3,426 12,712 11,619 58,140 53,141 74,602 68,186 12,712 23,542 Total 27,291 34,598 34,598 12,712 CurrentAsset- Cash At Bank And In Hand 00036070.. The PCC of the Ecclesiastical Parish of 81oxwich 01776172.. Bank current account 02750266.. Bank current account 06002116.. All Saints DCC- Ingram Trust 37401460.. Building Fund Current Account 50036368.. Bloxwich Youth Church 6590: Cash in hand 6590: Petty Cash 6591- Coffee Morning Petty Cash 70784990.. HSBC CurrentAccount CB3028428: CCLA ICBFI deposit account CB3028430.' CCLA ICBFI deposit account IDBLOXOII: Bloxwich - 3 Elmore Row IDBLOX012= IDS Decoration Account LICHFIELD IDBLOX013.. Bloxwich 9 Sanston Road 465 112.7101 5,907 465 14,264 36,297 11,897 8,608 407 403 5,512 6,912 4,354 9,041 107 39 98 83 128 33 3,513 7,702 8,972 8,693 26,912 26,889 1,299 299 437 437 64 16,653 5,988 10.320 406 5,512 4,354 107 98 128 454 3,265 12071 8,972 4,072 1,299 437 64 30,881 22,839 Total 21,648 25,907 78,437 105,508 Liability- Agency Account5 6699.. Agency collections 447 447 447 1,610 447 1,610 Total Liability- Creditors: Amounts Falling Due In One Year PSBLOX02 . Common fund Liability- All Saints PSBLOX03.. Common Fund Liability- St Thomas 9.865 1,883 11,748 9,865 23,310 1,883 4,266 11,748 27,576 Total Net total assets 37,191 60,505 43,147 140,844 144,508 Page 17
Analysis of receipts and payments 2024 Unrestricted Desi nated Restricted Endowment 2024 2023 INCOME AND ENDOWMENTS Donatlons and legacies 0101- Gift Aid Collections 0201- Non Gift Aid collections 0201- Non Gift Aid Collections 0301- Loose plate collections 0302 - Weddin8s/Funeral/Baptism Collections 0303 - Contactless 0410- Giving through church boxes 0550- Donations appeals etc 0550- Donations over E20 08AI- Non-recurring one-off grants Total 22,344 1,442 7,908 4,622 1,578 22,344 1,442 7,908 4.622 1,578 21,634 1,414 7,202 3,758 3,027 271 67 146 8,131 8,648 55,161 271 67 146 12,686 8,950 60,018 369 108 57 21,289 10,128 68,991 1,050 3,505 302 3,807 1,050 Income from charitable activities 0302 - Beetle Drive/Book Sale/History Evening/Q 0601- Tax recoverable on Gift Aid 0901- Other funds generated 0902 - Heating Weddings & Funerals 1101- Fees for Weddings & Funerals 1230 - Church hall lettings 1231- Seasonal Fairs 1,379 1,379 1.404 7,943 7,425 3,366 8,905 27.794 1,000 57,814 7,943 8,242 3,366 8,905 38,882 1,000 69,719 9,308 9,416 4,941 13,657 30.576 817 11,088 Total 11,088 817 69,304 Other trading actlvitles 1210- Bookstall sales 1260- Parish magazine sales io io io 76 86 Total io io Investments 1001- Dividends 1020- Bank and building society interest 1020- Bank/Building SocietylCBF Interest 2,788 12 120 2,908 12 2,039 749 483 1,232 1.369 Total 3,550 603 4,153 3,408 Other income 1310- Insurance claims 503 503 142,293 Total INCOME TOTAL 116,536 12,138 5,228 133,902 Page 18
EXPENDITURE Raising funds 1720- Costs of stewardship campaign 1730 - Costs of fetes & other events Total 171 167 167 103 103 271 271 676 848 Expenditure on charitsble activities 1740- Bank Charges 1801- Giving to missionary societies 1910- LDBF Common Fund 2051- Other Salaries 2101- Working expenses of incumbent 2102 - Other Expense Claims 2150 - Vicar's telephone 2170 - Education 2201- Parish training and mission 2300- Parish Expenses 2301- Church running - insurance 2310- Church office/Youth - telephone 2330- Church maintenance 2331- Cleaning 2332 - Catering 2340- Upkeep of services 2350- Upkeep of churchyard 2360- Administration 2361- PhotocopylPrintin81Advertising - Inactiv 2363 - Licence & Subscriptions 2401- Church running - electric 2410- Church running - ga5 2410- Church running - gas 2420- Church running - water 2440 - Church running - heating and IiBhting 2440- Heating & Lighting 2440- Heating & Lighting Church 2530- Hall running- elertricity 2530- Hall running- elertricity 2540- Hall running - gas 2540- Hall running- gas 2560- Hall running- maintenan 2580- Hall running- water 2590- Heating & Lighting Hall 2701- Church major repairs - structure 2710- Church major repairs - installation 2720- Church interior and exterior decorating 2840- Other PCC property upkeep 515 2,657 66.263 515 2,657 66,263 1,838 324 515 1,325 64,964 1,155 252 1,838 221 102 80 59 50 1.540 1,746 10,331 1,547 54 56 842 1,789 10,661 1,445 54 220 842 1,789 10,661 1,445 164 3.963 256 433 1,471 960 4,920 3,548 7,511 256 485 1,946 960 4,995 4,311 465 424 794 818 5,877 2,356 51 474 75 1,169 671 154 1,324 671 1,051 5,876 8.251 8.251 903 1,029 5,817 1,029 5,817 9,229 5,926 9,229 6,660 733 107 2.037 2,037 1.394 1.394 958 1,085 12241 6,906 1,552 547 2,625 1.552 547 2,625 145 145 12,854 961 961 1,400 2,100 Page 19
2920 - New building Church 570 5,131 5,235 570 133,904 134,176 3,900 158,902 159,750 Total EXPENDITURE TOTAL 120,358 120,525 8.415 8,415 GRAND TOTAL 13,9891 3.722 161 12731 117,4571 Fund movement by type 2024 Openlng Incoming Outgoing Transfers Gain/Loss Closing AltarFront- Altar Fronts Restricted Sub-total for AltarFront 121 (2) Bibles- Bibles Restricted Sub-total for Bibles 131 {3) Bulld - Building Fund Restricted Sub-total for Build 14,485 14,485 476 476 14.961 14.961 Buildmain - Building/Maintenance Restricted Sub-total for Buildmain 14911 1491) 13 13 16 16 14951 {4951 Choir- Choir Restricted Sub-total for Choir 1,838 1,838 199 199 13371 1337) 1,303 1,303 Clergy- Clergy Discretionary Designated Sub-total for Clergy 1,790 1,790 1.050 1,050 961 961 500 500 2,378 2,378 Clock - Clock Maintenance Restricted Sub-total for Clock 9,933 9,933 3,841 3,841 6.091 6,091 CraftGroup- StThomas Craft Grou Restricted Sub-total for CraftGroup 285 285 285 285 DEV- Di5cipleshiplEvangel Designated Sub-total for DEV 44,598 44.598 24,235 24,235 637 637 69,471 69,471 Decoration - St Thomas Decoration Designated Restricted Restricted Sub-total for Decoration 37 64 1,299 1,400 37 64 1.424 1,525 125 125 Disabillty- Disability Facllltie Restricted Sub-total for Disabllitv 696 696 696 696 Page 20
Family Work- Family Work Restricted Sub-total for Family Wor 2,962 2,962 720 720 246 246 2,488 2,488 General- General fund Unrestricted Sub-total for General 37,191 37.191 116,536 116,536 120,525 120,525 124,8071 {24,8071 755 755 16,437 16,437 Hall- Parlsh Hall Designated Sub-total for Hall 4,863 4,863 11,088 11,088 7,453 7A53 8,498 8,498 Holiday- Holiday Club Restricted Sub-total for Holiday 168 168 11681 {1681 IDSLDBF - IDS Decoration Schem Restricted Sub-total for IDSLDBF 437 437 437 437 King- King IncumbentAnd C Restricted Sub-total for King 6,800 6,800 96 96 80 80 471 471 Maintenanc- Church Maintenance Restricted Sub-total for Maintenanc 5,000 5,000 4,213 4,213 325 325 8.888 8,888 Mission - Mission Resource Designated Sub-total for Mission 812 812 812 812 Reserve - Reserve 3 Months exp Designated Designated Sub-total for Reserve 5,988 2,409 8,397 5,988 2,409 8.397 Santa- Santas Gifts Designated Sub-total for Santa Sound- Sound System Restricted Sub-total for Sound 13371 1337) 337 337 Warm- Warm Space Restricted Sub-total for Warm 302 302 51 51 251 251 Grand total 140,844 133,902 134,176 1,864 142,435 Page 21
Fund movement by type 2023 Opening Incoming Outgoing Transfers Gain/Loss Closing AltarFront- Altar Fronts Restricted 123 123 120 120 Sub-total for AltsrFront Bibles- Bibles Restricted 272 272 269 269 Sub-total for Bibles Build - Building Fund Restricted 15.598 15.598 278 278 1,400 IAoo 14,485 14,485 Sub-total for Build Buildmain - Buildinglmaintenance Restricted 185 185 142 142 820 820 14911 14911 Sub-total for Buildmain CUFHealth- CUF Together Mental Restricted 1,108 1,108 11,1081 {1,1081 SUt01 for CUFHealth Choir- Choir Restricted 2,065 2,065 230 230 1,838 1,838 Sub-total for Choir Clergy- Clergy Discretionary Designated 1,875 1,875 84 1,790 1,790 Sub-total for Clergy Clock- Clock Maintenance Restricted 14,912 14,912 5.759 5,759 7,086 7.086 13,6511 (3,6511 9,933 9,933 Sub-total for Clock CraftGroup - St Thornas Craft Grou Restricted 33 33 340 340 88 88 285 285 Sub-total for CraftGroup DEV- Discipleship/Evangel Designated 41,648 41,648 2,949 2,949 44,598 44,598 Sub-total for DEV Decoration - St Thomas Decoration Designated Restricted Restricted 37 64 299 400 37 64 1,299 1,400 1,000 1,000 Sub-total for Decoration Disability- Disabillty Facilitie Restricted 696 696 696 696 Sub-total for Disabillty Page 22
FamllyWork- Family Work Restricted 3,172 3,172 210 210 2,962 2,962 Sub-total for Familywork General- General fund Unrestricted 22,396 22,396 124,344 124,344 112,279 112,279 1,878 1,878 2,372 2,372 37,192 37,192 Sub-total for General Hall - Parish Hall Designated Restricted 2,901 5,761 6,406 2,608 4,863 Sub-total for Hall 2,901 5.761 6A06 2,608 4,863 Heating- Heating Fund Restrirted 11,773 11,773 15,424 15,424 3,651 3.651 Sub-total for Heatlng Holiday- Hollday Club Restricted 168 168 168 Sub-total for Holidav IDSLDBF- IDS Decoration Schem Restritted 437 437 437 437 Sub-total for IDSLDBF Jubilee- Platinum Jubilee Restricted 400 400 14001 (400) Sub-total for Jubilee Jump-jump For Joy Restricted 253 253 12531 1253) Sub-total for Jump King- King IncumbentAnd C Restricted 13,716 13,716 87 87 8,097 8.097 1,093 1,093 6,800 6,800 Sub-total for King Maga21ne- Magazine Designated 1,046 1,046 76 76 11,1231 11,1231 Sub-total for Magazine Maintain- Church Maintenance Restricted 5.000 5,000 5.000 5,000 Sub-total for Maintain Mission - Mission Resource Designated 819 819 812 812 Sub-total for Misslon Reserve- Reserve 3 Months exp Designated - Holy Ascension Designated- StThomas Sub-total for Reserve 5,988 2,409 8,397 5,988 2,409 8,397 Page 23
Santa- Santas Gifts Designated Sub-total for Santa Sound- Sound System Restricted 207 207 544 544 13371 {337) Sub-total for Sound Warm- Warm Space Restrirted 500 500 499 499 Sub-total for Warm Warmth - Places Of Warmth Restricted 2,608 2,608 12,6081 12,6081 Sub-total for Warmth Grand total 147,227 142,293 153,570 6,415 140.845 Staff Costs 2024 2023 Wages & Salaries Social Security Average number of Employees £1,839 £1,215 During the year the PCC employed a church hall cleaner Ipart-timel and no payments were large enough to attract social security costs. There were no employee benefits to key management personnel in the previous or current year. Tru5tees' Remuneration & Ex ense5 No Trustees were employed so no remuneration has been incltrred during the year One trustees was reimbursed £3241£253 20231 for travel and subsistence durin8 the year. Related Parties No other expenses were paid to any other PCC member, or persons closely connected to them or related parties. Donations from 13 related parties IPCC membersl totalled £6,0971£13,525 20231 Page 24
Fees for the examination of the accounts 2024 2023 Independent Examiner's fees Other fees - Bookkeeping.. All Saints Other fees- Bookkeeping.. Holy Ascension Other fees- Bookkeeping.. StThomas Total 150 150 800 500 365 250 365 250 1,680 1,150 Analysis of Transfer between Funds 2024 Deblt Credit Description Tfr from General to Clergy discretionary fund as per mi nutes of 24101/2024 Tfr from General to Clergy discretionary fund as per mi nutes of 2410112024 Tfr from Choir to Sound 5 Fund Fund Type 500 Genera I Unr 500 Cler Des 337.8 stem Sound Res Tfr from Bi bl es to Fami I Tfr from Hol ida to Fa mi I Work Tfr from Choir to Sound s Tfr from Hol id3y to Fa mi I Work Tfr from Bi bles to Fa mi ly work fund Tfr from Fa mi Iv work to general. DC pa id Amanda Mal len from petty cash in pa rish licence but could only pay from Genera I funds this is to correct Tfr from Fami ly work to general. DC pa id Amanda Ma I len from petty cash in pa rish licence but tould only pay from General funds this is to correct Tfr from Fami ly work to genera l. DC pa id Amanda Mal len from pety cash in pa rish licence but could only pay from General funds this is to correct Tfr from Fami ly work to general. DC pa id Amanda Mal len from petty cash in pa rish licence but could only pay from General funds this is to correct Tfr from Genera I to Ki ng re phone call with DC to close fund Tfr from Genera I to Ki ng re phone call with DC to c105e fund work fund Bibles Holida Choi r Res 168.22 Res 337.8 Stem Res 168.22 Fami I Work Fami I Work Re5 Res -75 Genera I Unr 75 Genera I Unr 75 Fami I Work Res -75 Fa mi I Work Res 87.84 Kin Res 87.84 17.03.25 Unr 87.84 Tfr from Kin to General re honecall with DCc105in fund General Unr 87.84 Tfr from Kin to Genera I re phone ca I I with DC closing fund Tfr from General to DEV as er i nstruttions from DC Tfr from General to DEV as er i nstructi ons from DC Tfr from Atar fronts tg General to bring to Nil Tfr from Atar fronts to General lo brin to Nil Kin General Res 24,235.59 Unr 24,235.59 DEV Des 2.78 tarFronts Res Unr 2.78 General Page 25
Fixed Assets al Tangible Fixed Asset5- The PCC does not have any Tangible Fixed Assets bl Fixed Asset Investments Atl Jan Additions Disposals Transfers Chan8e in Market Value At31 Dec Unrestricted funds Investments 61,889 0.00 2,000 0.00 1,393 61,282 Restricted funds Investments 12,712 0.00 13,184 0.00 472 0.00 Total 74,601 0.00 15,184 0.00 1,865 61,282 CCLA 620341002S William King £O.001£12,712 20231 CCLA 6203410035 Bloxwich Foster 4461487 £59,4711£58,140 20231 CCLA 620341001S Cresswell Investment £1,8111£3,748 20231 Liabilities Liabilities due within one ear 2024 2023 9,865 1,883 447 12,195 LDBF Common Fund-All Saints LDBF Common Fund-st Thomas Other creditors - Agency Total 6,970 6,970 Debtors 2024 5,000 5,000 2023 Other debtors- Agency Total There is a £5.000 internal loan between All Saints and Parish licence. On consolidation these contra each other leaving a net amount of liabilities shown a5 £1,970. Page 26
Summary ofA55ets by Fund 2024 Unrestrirted Designated Restricted Endowment 2024 2023 Unrestrlcted General fund 16,437 16,437 37,191 Designated Clergy Discretionary Spend Discipleship/Evan8elism/Vocation Mission Resource Parish Hall Reserve 3 Months expenditure Reserve Fund Santas Gifts St Thoma5 Decoration Vicarage 2,378 69,471 812 8,498 5,988 2,409 2,378 69.471 812 8,498 5,988 2,409 1,790 44,598 812 4,863 5,988 2,409 37 37 37 Restrirted Bibles Building Fund Building/Maintenance Choir Church Maintenance Clock Maintenance Decoration Disability Facilities Church Hall Family Work Holiday Club IDS Decoration Scheme IDS Decoration Scheme Lichfield King Incumbent And Church Wardens Sound System StThomas Craft Group Warm Space 14,961 14951 1,303 8,888 6,091 64 696 2,488 14,961 14951 1,303 8,888 6,091 64 696 2,488 14,485 14911 1,838 5,000 9,933 64 696 2,962 168 1,299 437 6,800 13371 285 1,424 437 1,424 437 285 251 36,396 285 251 142.435 Total 16,437 89,602 140,844 Page 27
Summary of Assets by Fund 2023 Unrestricted General fund 37,192 37,192 22,396 Deslgnated Clergy Discretionary Spend Discipleship/Evangelism/Vocation Magazine Mission Resource Parish Hall Reserve 3 Months expenditure Reserve Fund Santas Gifts St Thomas Decoration Vicarage 1,790 44,598 1.790 44,598 1,875 41,648 1,046 819 2,901 5,988 2.409 812 4,863 5.988 2,409 812 4,863 5,988 2,409 37 37 37 Restricted Altar Fronts Bibles Building Fund Building/Maintenance CUF Together Mental Health Grant Choir Church Maintenance Clock Maintenance Decoration Disability Facilities Church Hall Family Work Heating Fund Holiday Club IDS Decoration Scheme IDS Decoration Scheme Lichfield Jump Forjoy King Incumbent And Church Wardens Trust Places Ofwarmth Platinum Jubilee Sound System StThomas Craft Group Total 122 272 15,598 185 1,108 2,065 14,485 14911 14,485 14911 1,838 5,000 9,933 64 696 2,962 1,838 5,000 9,933 64 696 2,962 14,912 64 696 3.172 11,773 168 299 437 253 13,716 2,608 400 207 33 147,215 168 1,299 437 168 1,299 437 6,800 6,800 13371 285 43,144 13371 285 140,840 97,696 Page 28
SOFA- Receipts & Payments Comparatives [Previous Year 20231 Receipts and Payments Account 2023 Unrestricted Restricted 2023 2022 Recelpts: Donations and legacies Income from charitable activities Other trading activities Investments Other receipts Total receipts 57,442 69,110 86 3,039 503 130,182 11,548 193 68,991 69,304 86 3,408 503 142,293 82,294 62,231 33 2,512 8,721 155,793 369 12,111 Payments: Raising funds Payments on charitable activities Total payments 404 118,373 118,778 848 152.722 153,570 1,391 165,250 166,642 34.348 34,792 Net receipts l (payments) resources before transfer 11,403 122,681) (11,277) 110,848) Transfers Gross transfers between funds - in Gross transfers between funds - out Other recognised gains / losses Gains 11055es on investment assets Gains on revaluation, fixed assets, charity's own use Net movement in funds 5,493 12,1311 4,659 18,0221 10,153 110,1531 10,135 110,1351 5,322 11,5201 18,568 1,093 6,415 11,5201 16.3821 19,0971 19,8451 129,7911 {24,9511 Total funds brought forward 79.129 68,098 147,227 177,018 Total funds carried forward 97,698 43,147 140,845 147,227 Page 29