# **Annual Report and Financial Statements of the Parochial Church Council of Bradley St Martin** **For the year ended 31[st] December 2022** _**Charity registration number: 1185510**_ ## **The Parochial Church Council of Bradley St Martin** ## **Trustees’ Annual Report for the year ended 31[st] December 2022** _**Charity registration number:**_ **1185510** ## **Objectives and Activities** The Parochial Church Council of Bradley St Martin (the PCC) has the responsibility of co-operating with the incumbent, the Reverend Kate Watson, 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 St Martin’s Church and to become part of the parish community. Our services and worship put faith into practice through prayer, scripture, music and sacrament. Also, beyond our gathered worship times, the PCC promotes and encourages activities of hospitality and fellowship, including practical and spiritual support as acts of loving kindness and outreach to the community of the parish. ## **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 Bradley St Martin 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. Much of the community outreach work of St Martin’s Church is undertaken by volunteers from the church community and involving members of the wider community. ## **Achievements and Performance** ## **Review of the Year** As we look back on 2022, St Martin’s Church is grateful for the ongoing and growing opportunities to serve the Parish of Bradley in Jesus’ name through gathered worship and community engagement including children and young people’s ministries, ministry to older generations, families and more. Although Covid did affect some activities, in general we welcomed the opportunity for more recognisably ‘normal’ church and community life over much of the year. Sunday mornings remain our principal time for gathered worship with Bible teaching, prayer, sung worship and fellowship. Children and young people enjoy going to their age-related groups during the adults’ sermon time and we are blessed with a dedicated team of volunteer leaders for these groups. The children and young people also contribute to our gathered worship, as part of the worship band and also taking part in other aspects such as leading prayers or readings. There is a team of adult worship leaders and preachers who faithfully give time and prayer to our church gatherings, including monthly All-Age services. We have continued to livestream our regular worship times and have a steady group of followers, some of whom are no longer able to come into church in person and are grateful to be able to worship remotely and feel part of the gathered fellowship. The Easter cross was once again erected at the war memorial and a small group gathered at dawn on Easter Sunday for a short celebration of the resurrection, including decorating the wooden cross with fresh flowers and greenery. On Remembrance Sunday, we collaborated with the Bradley Methodist Church to lead a short act of remembrance for the fallen in war and were joined by over 50 members of the community. During Advent and Christmas, a Christingle and Carols service was attended by people who would not normally come to church and for the first time we held a Blue Christmas service for those who find Christmas difficult due to bereavement and other causes of loss/family breakdown, which was also well received. Three discipleship groups began to meet during the year for Bible study, prayer and fellowship, complemented by a new bi-weekly prayer and worship gathering called Encounter. Participants enjoy the opportunity to deepen their faith and to journey with others. Enquirer groups included an Alpha course and a four session baptism preparation course which was attended by mums from the stay-and-play group. We renewed connections with the Bradley Reablement Centre and began a monthly time of worship for the centre’s residents, who are there on a short term basis, convalescing on discharge from hospital. The church’s connections with St Martin’s Primary School are strong and Rev Kate regularly leads collective worship and supports staff in the planning and integration of the Christian Distinctiveness of the school. Rev Kate serves as a local academy governor for St Martin’s Primary School and as a director for St Martin’s Multi-Academy Trust. St Martin’s Church was pleased to participate in a number of events with Churches Together in Bilston and Bradley (CTBB). At Easter and Christmas, we gathered in Bilston Town Centre for an hour of singing and short gospel presentations along with giving away seasonal chocolate and offering to pray for passers-by. In June, CTBB’s annual Hope in the Park festival made a welcome comeback after its enforced Covid break and crowds enjoyed stage presentations including singing and dancing from 5 local primary schools and an array of activities hosted by churches on stalls surrounding the stage. St Martin’s creative prayer and in particular the bracelet making activity were very popular. It remains a privilege to be involved in occasional offices such as funerals and baptisms and serve our community at these important life events. In addition to infant baptisms, we were delighted to baptise an adult by full immersion, the first to happen on the church premises (to our knowledge) thanks to a loaned portable baptism pool. Church-run week-day activities in the Church Centre continued to go from strength to strength; numbers have recovered to pre-pandemic levels and there are signs of growth. Here’s a brief summary from these activities and groups: **The Wednesday Club** : the mid-week lunch club has grown in numbers and continues to offer a delicious ‘cooked onsite’ hot meal, a short ‘thought for the day’ reflection, plenty of chat and supportive caring fellowship. Special occasions were marked including a party for the Queen’s Jubilee and a traditional Christmas dinner in December with a DJ entertainer playing music from the 50s and 60s. Supportive care extends beyond the Wednesday gatherings with errands run and help offered to group members by each other and by the group leaders. **Knit2Tog** – knitting, crochet and nattering were enjoyed by this Thursday evening creative group who collaborate to make material and financial donations to charities and good causes while having fun together. Yarn bomb displays appear around Bradley to highlight events such as the Easter, the Jubilee and Remembrance and are much appreciated by the local community. A two-day sale of home-made items raised £506 in aid of Dementia UK and the group also contributed to a Dementia UK display at Hampton Court Palace Garden Festival. The successful year concluded with an award for their contribution to the Christmas Tree display in Bilston. _Page 1_ **Hotchpotch** – The weekly coffee morning continued to welcome a small group of regulars during 2022, including ‘the art group’, who sit together to work on their creative pieces and give mutual encouragement. However, Hotchpotch was not seeing much increase in attendance. With increasing concerns about the national cost of living crisis, the PCC wanted to raise Hotchpotch’s profile in the community as a warm space with a warm welcome and decided Hotchpotch should offer refreshments free of charge to anyone who came. About this time, St Martin’s became a host for Hub for Grub (see below) and in anticipation of increasing footfall, the PCC hoped that free refreshments would encourage Hub customers to linger and enjoy the Hotchpotch hospitality. The Hub has indeed helped draw new visitors to Hotchpotch and we’re delighted that people are accepting our offer of a free cuppa, cake and a chat. The church received two separate donations from funeral families in memory of their late family member and this was added to the monies already accumulated in the Hotchpotch fund. **Hub For Grub** is a not-for-profit social enterprise run by Tim Southan and his family. Hub for Grub bring professionally cooked meals in chill-packs for people to re-heat at home and are sold on a ‘pay as you feel’ basis. Using food from Fareshare, the Hub are committed to reducing food waste and providing nutritious, tasty food for anyone to enjoy. As noted above, the synergy between the Hub and Hotchpotch is working well and is mutually beneficial for both parties, with the Hub gaining customers from Hotchpotch regulars and Hotchpotch gaining new visitors from those who are drawn in by the Hub. Hotchpotch volunteers now help to sell the food each Friday from 11am. We hope to explore with the Hub the potential for them preparing and cooking the meals on site at St Martin’s in the future and also to support their longer term ambition to train adults with mental health issues and additional vulnerabilities in food industry skills. **Sunshine Corner** : The Friday morning Stay and Play for pre-schoolers and their carers is designed to be accessible and friendly offering peer support to all parents and carers in a relaxed, calm environment. Each week there is a range of creative play experiences to promote child development and parent-child bonding as well as the opportunity to build relationships and rapport within the community. Sessions also include refreshments, story and singing time and celebrating birthdays and special occasions. Each half term we have ‘specials’ which in 2022 included a children’s entertainer, toddler inflatable play zone, a music and movement workshop, and a Messy Play provider. It’s rewarding to see friendships blossom and grow between the adults and between the children. **Ignite 5:14** – the Friday evening children and young people’s group has had a fantastic year connecting with regular members and welcoming new youngsters too, through peer recommendations but also through publicity at churchhosted community events. Each week has a Christian faith-based theme, which is introduced through a short time of Bible-based collective worship and then explored further through fun games and activities. A highlight of the year was the return of the annual camp at Grenville House, Brixham after a two-year Covid-enforced break 2019. It was a very special week together, exploring faith through the themes of the film Encanto, enjoying outdoor activities and blessed with glorious sunshine every day. **Community Events** – we continued to host regular community events and through grants and sponsorship have been able to offer free of charge activity days. The February half-term holiday saw the church centre filled with inflatables and a play bus on the car park and over the day 116 children let off a lot of steam followed around by 105 adults! In June, the Queen’s Jubilee was marked by a ‘garden party’ and 211 people of all generations celebrated together although due to the weather it wasn’t in the garden. In the last minute dash to relocate the event from the very wet church gardens into the church centre, we were reminded of how blessed we are with our buildings. Three fun days in the school summer holidays were very much welcomed by families and were themed around an outdoor games fun day, a magician (who amazed even the most sceptical teenagers) and a circus skills day plus food provided by Morrison’s supermarket, attracting some 214 children and 152 adults over the three days. In the October half term holiday, we hosted a Pumpkin Party as an alternative to Hallowe’en for 66 children and 55 adults and in December, 44 families booked into 90-minute long sessions for Christmas themed crafts, activities and a visit to Santa, attracting 87 children and 64 adults. There was a dedicated ‘quiet’ session for those with sensory and additional needs and their families. We are developing relationships and strengthening our community connections as families become repeat attenders at these events; each event aims to have activities which the family group complete together as well as opportunities to mix with others. _Page 2_ **Fundraisers** – throughout the year we hosted social events such as quizzes to raise funds for charities including Fairtrade and Operation Christmas Child. They were opportunities to invite friends and family into the church building and strengthen community ties as well as helping good causes. **Stewardship** –The PCC acknowledges the ongoing faithful commitment of church members to regular giving of money and time which enables St Martin’s Church to continue to function within and for the parish in accordance with its aims and objectives. Many people in the church family volunteer in at least one and often multiple roles and much of what we do would not happen without this sacrificial giving of time and money. **Rentals –** regular renters such as Slimming World and Weight Watchers continue to make an important contribution to the running costs of the Church Centre, supplemented in 2022 by a number of other renters including Baby Massage and Sensory Courses, children’s birthday parties and a period of regular hire by a not-for-profit community support network for SEND children in Wolverhampton including volunteer training and a community engagement day. ## **Future Plans** The PCC along with the congregation are committed to prayerfully reviewing the mission action plan of the parish to ensure our energies and finances are well-focussed and well-delivered to continue to meet our charitable objectives. Opportunities to partner with other organisations and agencies will be explored where this will facilitate and enhance our ability to fulfil our charitable objectives. The church centre is due a Quinquennial Inspection in 2023 and we anticipate that it will identify a number of areas which require significant capital investments to maintain the fabric. Such large sums will require grants and donations from external funding sources. ## **Financial Review** Net Total Assets: £100,706 [£50,595.03 2021] Excess: £12,168 - Unrestricted Excess: £6,771 Restricted Excess: £5,397 [(£29,052) 2021] The Net Total Assets have increased because: CCLA 120002010P Lichfield Diocesan Trust TN131 - £16,665.78 was introduced 01/01/2022 – revaluation at 31/12/2022 £14,701. CCLA 1200021085S Lichfield Diocesan Trust TN131 - £104,331 was introduced 01/01/2022 – revaluation at 31/12/2022 £92,050. DLBRAD012/1 LDBF due after one year loan £60,742 was introduced. DLBRAD012 LDBF due in one year loan £8,892 was introduced. Total £69,634. Interest of £997 was added and repayments of £9,148 made resulting in the balance of £61,483. The Interest is added directly to the liability. The repayments are deducted directly from the liability so neither are accounted for in the receipts and payments. IDBRAD021 Internal Decoration Scheme was introduced into the accounts 01/01/2022 - £825. The balance at 31/12/2022 was £937.50 however the increase has been accounted for in the receipts. _Page 3_ The chart below shows how these introductions reconcile to the statements of assets and liabilities. |Funds Carried Forward 2021|£
50,595.00|| |---|---|---| |||| |Excess 2022|£
12,168.00|| |CCLA 010P - Revaluation at
31.12.22|£
14,701.00|_£16,655 Introduced 01.01.2022_| |CCLA 1085S - Revaluation at
31.12.2022|£
92,050.00|_£104,331 Introduced 01.01.2022_| |IDBRAD021|£
825.00|_£825 Introduced 03.01.2022. Interest_
_added £112.50 shown in receipts and_
_included in Excess 2022._| ||**£**
**170,339.00**|| |||| |DLBRAD012 Due after one
year|-£
52,591.00|_£60,742 Introduced 01.01.2022_| |DLBRAD012 Due in oneyear|-£
8,892.00|_£8,892 Introduced 01.01.2022_| |Loan repayments|-£
8,150.00|Payments made £9,148 interest
added £997 to DLBRAD012 not
shown in Receipts and Payments| ||**£**
**100,706.00**|| 2022 saw the bookkeeping transfer to Lichfield Diocese. In order to rationalise the codes for all Churches many of the codes for Bradley St Martin were closed and/or merged. This ensures that the service is efficient and helps in making the accounts easier to read for the Trustees. Along with this some designated funds were closed and transferred to the General fund ensuring that planning becomes easier. The Trust TN131 were introduced into the accounts along with the Building loan so that the Trustees have the full picture of the financial situation of Bradley St Martin. Overall income has increased from £66,267 2021 to £77,492 2022. The most notable differences are [some could be due to codes being merged] Planned giving, Donations, Grants, Club subs [this could be because of codes being merged], Church centre rents and the solar rebate, where we have seen a reduction. Expenditure has increased from £61,087 2021 to £65,323 2022. The most notable differences being Common fund, Parish training and mission [this could be because of the merging of codes], Fairtrade, Routine maintenance [again because of change of code], Administration [this could be because of merging of codes]. The figures show the codes that have been marked inactive and whilst the comparatives are a little confusing in 2022 it will be a lot easier to compare in 2023 because the inactive codes will have dropped off. At the end of the day the bottom line figures are correct and with fewer codes planning will become a lot more straightforward. _Page 4_ The PCC thanks Tony Dutfield for all the work he does behind the scenes as Stewardship Officer. The Stewardship Officer makes Gift Aid tax claims on behalf of the Trustees and plays a vital part in ensuring that stewardship remains a core commitment. Kim Benton (Diocese of Lichfield bookkeeper, contracted by St Martin’s Church) would like to thank Suzanne ClarkeFlavell for her support and hard work in 2022. ## **Reserves Policy** It is PCC policy to try to maintain a balance on free reserves (net current assets) which equates to at least two months unrestricted payments. This is equivalent to £10,887 [£10,181 in 2021]. 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 £41,767 [£14,927 in 2021] which is significantly higher than this target. ## **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. _Page 5_ ## **Safeguarding** The PCC of St. Martin’s take seriously its responsibility to protect and safeguard the welfare of children and young adults. We continue to commit to developing a safeguarding culture that: - Creates an environment where there is an awareness and vigilance about the signs, symptoms and impacts of abuse - Enable and encourages all concerns and allegations to be raised in order to protect children and adults from harm - Ensures all those who work or volunteer on behalf of the church on behalf of children and adults have the appropriate DBS checks and safeguarding training - Holds to account those in the church community those who disregard the safety of children and adults Throughout the year, safeguarding was a standing agenda item at all Standing Committee and PCC meetings. Procedures and policies are in place to ensure the safety and well-being of all our church family, as well as our community. Safeguarding is and remains the responsibility of all members of the church. ## **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 PCC is not aware of any Serious Incidents in the last year. ## **Fundraising** The PCC takes its fundraising responsibilities seriously and is very grateful to all donors – whether regular or occasional – for their support of the church and church events. Supporters are never taken for granted and the PCC recognise with thanks the gifts of time and expertise which are also offered, as gifts-in-kind which reduce its financial expenditure, for example the skills of those on the maintenance team who undertake maintenance and refurbishment works voluntarily and cleaning teams. The PCC take full responsibility for fundraising and do not use commercial organisations or professional fundraisers. All money raised is either by donations, grants, fundraising events, special appeals or legacies for which the PCC are most grateful. The PCC is grateful for the support of local grant making organisations, in particular an annual sum from the Emma Bussey Trust for work supporting the most vulnerable, particularly the elderly, in the Bradley area. St Martin’s Church registered as an advocate with the charity Acts435. Acts 435 provides specific practical (financial) help for people known by local churches to be in need by matching financial donors to anonymous requests, posted by the advocate. ## **Volunteers** The members of the PCC would like to thank all the volunteers who work so hard to make St Martin’s Church a lively and vibrant community. Our especial thanks go to our Church Wardens Ian Grennan and Betty Thomas, both of whom have worked tirelessly on our behalf. Further thanks go to St Martin’s treasurer Suzanne Clarke-Flavell, for her long hours of dedication to managing the finances and accounts throughout the year. _Page 6_ ## **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 and Covid-specific risk assessments are undertaken as appropriate. ## **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, number 1185510. The PCC is governed by the Parochial Church Council Powers Measure (1956) as amended that came into effect on 2[nd] January 1957, and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended). The method of appointment of the PCC members is set out in the Church Representation Rules. The Council comprises the Incumbent, the Churchwardens, a representative of the Readers, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting, by those on the Electoral Roll. The PCC members receive training from courses run by the Diocese. Members of the congregation are always urged to join the Electoral Roll, and to stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general concern and importance in the parish, and for all financial matters. The PCC met five times during 2022. The Standing Committee comprising the incumbent, church wardens, treasurer, lay reader and PCC secretary meet prior to each PCC and minutes of their meeting are presented to the PCC. PCC members are DBS checked and safeguarding is a standing item on PCC and Standing Committee agendas. ## **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 Parties** Many of the regular donors are related in some way to Trustees or are Trustees themselves however, all donations, regular and one-off, were received without conditions. Donations from related parties during the year totalled £9,879. ## **Remuneration paid to Trustees** None of the trustees have been paid any remuneration or received any other benefits from employment with the PCC. ## **Expenses paid to Trustees** Trustee expenses during the year have been minor and incurred in relation to the travel costs associated with the incumbent fulfilling her parochial duties, principally funerals. No other Trustee expenses have been incurred during the year _._ One Trustee was reimbursed £117 [2021 £78] travel and subsistence during the year. _Page 7_ ## **Reference and Administrative Details** **Charity Name:** The Parochial Church Council of The Parish of Bradley St Martin **Other names the charity is known by:** N/A **Registered Charity Number** : 1185510 **Charity’s principal address:** Slater Street Bradley Bilston WV14 8PF **Correspondence address:** St Martin’s Vicarage 7 King Street Bradley Bilston WV14 8PQ **Website address:** https://www.stmartinsbradley.com **PCC Members: Who Served from 1 January 2022 to the date this report was approved** |**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**period**| |---|---|---| |**Ex-Officio**||| |Revd. Kate Watson|Vicar/Chairperson|| |Ian Grennan|Church Warden|| |Elizabeth Thomas|Church Warden|| |Matthew Aldridge|Deanery Synod|| |Stephen Robinson|Deanery Synod|| |Rebecca Edkins|PCC Secretary/Deanery Synod|| |**Elected Members**||| |Suzanne Clarke-Flavell|Treasurer|| |Carene Spooner|Parish Safeguarding Officer|| |Alison Grennan||| |Sandra Bhella||Elected 15/05/2022| |Alison Bruton||Elected 15/05/2022| **Bank** Cooperative Bank Business Banking PO Box 250 Skelmersdale WN8 6WT **Investment** CCLA **Managers** 1 Angel Lane London EC4R 3AB **Independent** Jonathan Hill **Examiner** Lichfield Diocesan Board of Finance St Marys House, The Close, Lichfield. WS13 7LD Approved by the PCC on 15 March 2023 and signed on its behalf by: … Revd Kate Watson (vicar) Matthew Aldridge (PCC vice chair) _Page 8_ Indep•ndent EMamSne¢s report to th• tfilSt•eslm•m￿r5 of Th• PCC of Th• Parlsh of 8radl•y 5t M¥rtSn e8lstered charlty number.. 1159897 I report on the o¢¢ount5 for the yeir ended 31 December 2022 whlch •re set out on the followlTh8 pages. The charity's trustee5 are responsible for the prepaiatitsn of the actounts. The charlty's trustees conslder Ihat an aL¥dlt is noi requlred for thls ye4r under Se¢tion 144 of the Charilles Act 2011 Ithe charl1￿5 Act) and that an independent examination is needed. It Is my r•spc*nslb511tv io Éxamlne tht a¢covnt$ under sectlon 145 of the Charlties Act. to follow the procedures lald down In the General Dlrections gfven by the C￿rItY Commi55ion (under section 14515llbl of the Charitle5 Act. artd to slate wheiher partlcular matters have rome lo my attention. Basls In dènt Ex*mln•r's S My examlnatSon was carrled out In accordance w5rh ihe General Direcilons BNen tyy rhe Cha¥lty CommissK¥n. An examinatson includes a review OF the accounting records kept by the charity and a comparison of the accounts presented with those records. It 3550 includes corFsideration of any unusuttl items or disclosufes in Ihe accou￿15 and seeking explanations from the irustees concernSng any svch matters. The procedures ￿￿ertakert do not provlde all rhe evidence thar would be requlred In an audit, and consequenlly WK) opinion is 8iven as to whether the accounts present a'true Ind f¥irt view ènd the report is Ilmiied to those matters Sd out in the 5tatemÈnt below. Sner, In ¢onne¢tion with my t￿MinatIon, no material maiters have come to my attentlon which 86ves me cause to believe that aTry material respect.. accounting records were not kept In accordance with 5ecilon 130 of the Charities kn or the accounts do not attord with the with the accountin8 record5 I have ¢ome across no tsther matiers &n connection wlth the examlnatlon to whSch attention should be dTawn In OTder tD enable a proper under5tandinÈ of the accounts to be ￿a(hed. Signed.. Jonathan Hill FCMA CGMA Lichfleld Diocesan 8oard of Finance St Ma￿$ Flouse, The Close, Lichfield W513 7ID . Date.. -.0510512023.................................... Puge 9 Puge 9 ## **The Parish of Bradley St Martin Notes to the Financial Statements** For the year ended 31[st] December 2022 ## **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. 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 charity’s ability to continue as a going concern. ## **Accounting Estimates and Prior Year Errors** No changes to accounting estimates 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 reserves" as disclosed in the trustees' annual report. An explanation of purpose of each Designated fund are as follows: - Energy Fund – Funds transferred from the Building fund where rental income in paid into. This used to pay for utilities. Advise that this is closed and the utilities are paid directly from the Building fund – PCC to consider in 2023 - Children & Youth – Annotated as Grants for Children & Youth. If these are historic grants then this fund should be a restricted fund. PCC to give more information to decide whether to transfer to a restricted fund. - FellLunch – Income from fellowship lunch that is held every second Sunday. Expenditure to pay for provisions. - Building Fund – Used for income from rents and expenditure for associated building projects. Money transferred from Building Fund to Energy fund throughout the year (Generally £200 per month). Advised that Energy fund is closed and utilities are paid directly from the Building fund to reduce admin. PCC to consider this in 2023 _Page 10_ **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. An explanation of purpose of each Restricted fund are as follows: - Tuesday club - Now known as Wednesday Club – Monies raised from subs and for lunch that is provided to the patrons of the Wednesday Club that meet weekly at lunch time for a hot meal, games and fellowship. Fund name was amended with transfer to new coding system. - Emma Bussey – Grant received annually [on completion of application form]. Money is used to subsidise the lunches for The Wednesday Club and has been used to buy kitchen equipment and upgrade the kitchen facilities in the past. - Building – This is the loan with the Diocese for the work on the Building. - Knit – Knitting group subs - D1 – Monies raised for Ignite 5:14 leaders to complete the D1 driving license for when the group use a mini bus - Families (Bradley) – specifically to help Bradley families in need - Defib – Defib Cabinet – Monies donated for an external cabinet for the defibrillator to be sited externally for community use. - Decoration IDS – Funds for the re-decoration of the Vicarage held with LDBF - Sunshine – Monies used for Sunshine Corner Stay and Play Group that meet on a Friday morning to support parents with young children - IgniteCamp – Payments received from members for the annual trip to Brixham. - Ignite 5:14 – Monies raised from subs and the sale of ‘tuck’ for the children and young adults that attend Ignite 5:14 on a Friday evening - HotchPotch – Monies raised from the sale of food and drinks from the group of people that attend Hotch Potch on a Friday morning - Fairtrade – Income and expenditure from the sale of Fairtrade products Any other restricted funds noted in 2021 accounts have been closed and Agency account Special collections will be used; examples are Lent Appeal, Good Shepherd Ministry, Children’s Society etc. LDBF assigned fees will be used for statutory fees to send to LDBF. **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. An explanation of purpose of each Endowment fund are as follows: - Ambleside – Sale of Ambleside held in the Diocesan Trust _Page 11_ ## **Incoming Resources** Planned giving, collections 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. Grants 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, interest is 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 recognised when it is incurred and is accounted for gross. ## **Governance and Support Costs** Support costs should be allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the PCC and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources eg by allocating staff costs by time spent and other costs by their usage. ## **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. No depreciation is provided on buildings 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 disclosed in note ‘fixed assets (a)’. ## **Investments** Investments in quoted shares, traded bonds and similar investments are valued initially at cost and subsequently at market value 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 12_ ## _**The Parish of Bradley St Martin’s year ending 2022**_ ## **Receipts and Payments Account 2022** |**Receipts and Payments Account 2022**|| |---|---| ||**Unrestricted**
**Restricted**
**Endowment**
**2022 Total**
**2021 Total**| |**Receipts:**
Donations and legacies
Church Activities
Receipts from charitable activities
Investments
Other receipts
**Total receipts**
**Payments:**
Costs of generating funds
Raising Funds
Mission giving & charity donations
Payments on Charitable activities
Other payments
Church activities
Payments on Charitable Activities
**Total payments**
**Net receipts / (payments) resources before transfer**|47,106
14,961
—
62,068
44,961
—
57
—
57
10,144
1,502
—
—
1,502
—
12,571
1,047
—
13,619
9,518
244
—
—
244
1,644| ||**61,424**
**16,067**
**—**
**77,492**
**66,267**
1,491
8,712
—
10,203
609
25
—
—
25
186
—
—
—
—
1,679
307
55
—
363
332
—
—
—
—
4,441
—
—
—
—
10,048
52,829
1,901
—
54,731
43,790| ||**54,653**
**10,670**
**—**
**65,323**
**61,087**| ||**6,771**
**5,397**
**—**
**12,168**
**5,179**| _Page 13_ ## **Statement of assets and liabilities 2022** ||**General**
**Designated**
**Restricted**
**Endowment**
**2022**
**2021**| |---|---| |**Fixed assets - Investments**
CCLA Lichfield TN 131 -
CCLA Lichfield TN 131 (1) -
**Totals**
**Current assets - Cash at bank and in hand**
CCLA Fund -
Cooperative Bank 65138001 -
Cooperative Bank 65138441 -
Interior Decorating Scheme - Vicarage -
**Totals**
**Current assets - Debtors**
Accounts Receivable -
**Totals**
**Liabilities - Agency accounts**
Agency collections -
**Totals**
**Liabilities - Creditors: Amounts falling due**
**after more than one year**
LDBF loan - Due in after one year -
**Totals**
**Liabilities - Creditors: Amounts falling due**
**in one year**
LDBF loan - Due in one year -
**Totals**
**Grand total**|—
—
—
14,701
14,701
—
—
—
—
92,050
92,050
—| ||**—**
**—**
**—**
**106,751**
**106,751**
**—**
32,440
—
—
—
32,440
28,563
6,376
632
11,491
—
18,500
21,791
2,950
60
682
—
3,692
—
—
—
937
—
937
—| ||**41,767**
**692**
**13,110**
**—**
**55,570**
**50,355**
—
—
—
—
—
240| ||**—**
**—**
**—**
**—**
**—**
**240**
—
—
132
—
132
—| ||**—**
**—**
**132**
**—**
**132**
**—**
—
—
52,591
—
52,591
—| ||**—**
**—**
**52,591**
**—**
**52,591**
**—**
—
—
8,892
—
8,892
—| ||**—**
**—**
**8,892**
**—**
**8,892**
**—**| ||**41,767**
**692**
**(48,505)**
**106,751**
**100,706**
**50,595**| Approved by the PCC on 15 March 2023 and signed on its behalf by: Revd Kate Watson (vicar) Matthew Aldridge (vice chair PCC) _Page 14_ ## **Statement of assets and liabilities 2021** |||**General**
**Designated**
**Restricted**
**Endowment**
**2021**
**2020**| |---|---|---| |**Current assets - Cash at bank and in hand**
Cooperative Bank 65138001 -
14,928
219
6,645
—
21,791
20,226
Cooperative Bank 65138441 -
—
—
—
—
—
5
CCLA Fund-
---
---
28,564
—
28,564
25,184
**Totals**
**14,928**
**219**
**35,208**
**—**
**50,355**
**45,415**
**Current assets - Debtors**
Accounts Receivable -
—
240
—
—
240
—
**Totals**
**—**
**240**
**—**
**—**
**240**
**—**
**Grand total**
**14,928**
**459**
**35,208**
**—**
**50,595**
**45,415**
**Analysis of receipts and payments 2022**
**RECEIPTS AND ENDOWMENTS**
**Donations and legacies**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**2022**
**2021**
0101 - Planned Giving
38,118
—
—
—
38,118
35,634
0301 - Loose Plate Collections
635
—
(87)
—
547
140
0550 - Donations
594
—
953
—
1,547
35
0601 - Tax Recovered - Gift Aid
5,591
—
—
—
5,591
7,149
0701 - Legacies
75
—
—
—
75
—
08A1 - One off Grants
—
400
2,000
—
2,400
750
0901 - Other Funds generated
560
181
2,979
—
3,720
136
0902 - Club Subs and payments
39
912
9,116
—
10,068
1,114
Total
45,613
1,493
14,961
—
62,068
44,961
**Donations and legacies - Church Activities**
0402 - Refreshments - Inactive
—
—
—
—
—
202
0501 - Charity Donations - Inactive
—
—
—
—
—
2,575
1103 - Receipts - Funerals - Inactive
—
—
—
—
—
4,555
1220 - Mission & Charity Events -
Inactive
—
—
—
—
—
1,458
1232 - Ignite 5:14 - Tuck - Inactive
—
—
—
—
—
91
1234 - Ignite 5:14 - Camp - Inactive
—
—
—
—
—
7
1240 - Hotch Potch - Inactive
—
—
—
—
—
116
1250 - Tuesday Club - Subs - Inactive
—
—
—
—
—
537
1260 - Fellowship Lunch - Inactive
—
—
—
—
—
179
1280 - Knitting Group - Inactive
—
—
4
—
4
—
1290 - Sunshine Corner - Inactive
—
—
53
—
53
421
**Total**
**—**
**—**
**57**
**—**
**57**
**10,144**
**Receipts from charitable activities**
1101 - Fees for Weddings & Funerals
1,502
—
—
—
1,502
—
**Total**
**1,502**
**—**
**—**
**—**
**1,502**
**—**||14,928
219
6,645
—
21,791
20,226
—
—
—
—
—
5
---
---
28,564
—
28,564
25,184| |||**14,928**
**219**
**35,208**
**—**
**50,355**
**45,415**
—
240
—
—
240
—| |||**—**
**240**
**—**
**—**
**240**
**—**| |||**14,928**
**459**
**35,208**
**—**
**50,595**
**45,415**| ||**—**
**—**
**57**
**—**
**57**
**10,144**
1,502
—
—
—
1,502
—|| ||**1,502**
**—**
**—**
**—**
**1,502**
**—**|| _Page 15_ |**Investments**
1001 - Dividend
1020 - Bank Interest Received
1230 - Church Centre Rents
**Total**
**Other receipts**
1300 - Other receipts - Inactive
1330 - Opus Energy - Solar Rebate
Total|2,610
—
886
—
3,496
3,379
380
—
112
—
492
—
—
9,581
49
—
9,630
6,138| |---|---| ||**2,990**
**9,581**
**1,047**
**—**
**13,619**
**9,518**
—
—
—
—
—
297
—
244
—
—
244
1,346| ||—
244
—
—
244
1,644| |**INCOME TOTAL**|**50,105**
**11,318**
**16,067**
**—**
**77,492**
**66,267**| |**PAYMENTS**
**Costs of generating funds**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**2022**
**2021**
1730 - Cost of Clubs/fetes/concerts
& other eve
769
721
8,712
—
10,203
609
**Total**
**769**
**721**
**8,712**
**—**
**10,203**
**609**
**Costs of generating funds - Raising Funds**
1720 - Stewardship Envelopes
25
—
—
—
25
186
**Total**
**25**
**—**
**—**
**—**
**25**
**186**
**Mission giving & charity donations**
1852 - Charity Donations - Inactive
—
—
—
—
—
868
1853 - Special Appeals - Inactive
—
—
—
—
—
811
**Total**
**—**
**—**
**—**
**—**
**—**
**1,679**
**Mission giving & charity donations - Expenditure on Charitable activities**
2110 - Visiting Clery/Locum
54
—
—
—
54
213
2304 - Catering - Inactive
253
—
55
—
309
119
**Total**
**307**
**—**
**55**
**—**
**363**
**332**
**Other payments**
2603 - Roof Loan - Inactive
—
—
—
—
—
4,441
**Total**
**—**
**—**
**—**
**—**
**—**
**4,441**
**Church activties**
2003 - Funerals - Inactive
—
—
—
—
—
3,636
2154 - Vicarage Decoration Scheme -
Inactive
—
—
—
—
—
250
2171 - Sunday Children's Provision -
Inactive
—
—
—
—
—
57
2173 - Ignite 5:14 - Inactive
—
—
—
—
—
793|**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**2022**
**2021**| ||769
721
8,712
—
10,203
609| ||**307**
**—**
**55**
**—**
**363**
**332**
—
—
—
—
—
4,441| ||**—**
**—**
**—**
**—**
**—**
**4,441**
—
—
—
—
—
3,636
—
—
—
—
—
250
—
—
—
—
—
57
—
—
—
—
—
793| _Page 16_ |2177 - Courses - Inactive
2178 - Tuesday Club - Inactive
2179 - Hotch Potch - Inactive
2181 - Mission & Outreach Events -
Inactive
2182 - Knitting Group - Inactive
2183 - Churches Together in Bilston
& Bradley -
2303 - Refreshments Inactive
2305 - Fellowship Lunch - Inactive
2309 - Security & Safety - Inactive
2311 - Heating & Plumbing - Inactive
2313 - Kitchen Equipment - Inactive
2317 - Printing - Inactive
2320 - Quinquennial Reports &
Surveys - Inactiv
2321 - Other Expenditure - Inactive
**Total**
**Payments on Charitable Activities**
1741 - Bank Charges & Loan Interest
1810 - 3% Giving to Missionary
Societies
1910 - Common Fund
2101 - Clergy Expenses
2150 - Clergy Expenses - Telephone
2176 - School Bibles
2201 - Parish Training and Mission
2301 - Church running - Insurance
2306 - Fairtrade
2310 - Telephone & Internet
2330 - Routine Maintenance &
Minor Repairs
2331 - Cleaning & Housekeeping
2340 - Provision of Services
2350 - Upkeep of Church Grounds
2360 - Administration
2363 - Licences & Subscriptions
2401 - Utilities - Electricity
2410 - Utilities - Gas
2420 - Utilities - Water
2601 - Auditors Fees
Total|—
—
—
—
—
213
—
—
—
—
—
401
—
—
—
—
—
169
—
—
—
—
—
1,193
—
—
—
—
—
250
—
—
—
—
—
10
—
—
—
—
—
114
—
—
—
—
—
360
—
—
—
—
—
1,680
—
—
—
—
—
496
—
—
—
—
—
45
—
—
—
—
—
130
—
—
—
—
—
200
—
—
—
—
—
45| |---|---| ||**—**
**—**
**—**
**—**
**—**
**10,048**
—
—
997
—
997
—
1,187
—
—
—
1,187
2,269
32,481
—
—
—
32,481
30,511
117
—
—
—
117
78
204
—
—
—
204
398
240
—
32
—
273
144
442
1,233
100
—
1,775
80
850
584
—
—
1,434
1,385
—
—
570
—
570
265
773
—
—
—
773
864
2,193
2,021
70
—
4,285
—
900
24
—
—
924
701
624
—
—
—
624
731
526
—
—
—
526
70
2,975
—
130
—
3,105
25
1,127
—
—
—
1,127
1,395
124
1,622
—
—
1,747
1,181
—
2,429
—
—
2,429
3,386
16
30
—
—
47
201
100
—
—
—
100
100| ||44,884
7,945
1,901
—
54,731
43,790| |**PAYMENTS TOTAL**|**45,987**
**8,666**
**10,670**
**—**
**65,323**
**61,087**| ||| |**GRAND TOTAL**|**4,118**
**2,652**
**5,397**
**—**
**12,168**
**5,179**| _Page 17_ ## **Fund movement by type 2022** |**Ambleside - Sale of Ambleside**
Endowment
**Sub-total for Ambleside**
**Building - Building Fund**
Designated
Restricted
**Sub-total for Building**
**CCLA - CCLA Investments - I**
Restricted
**Sub-total for CCLA**
**Children & - Grants - Children An**
Designated
**Sub-total for Children &**
**D1 - D1 Fund**
Restricted
**Sub-total for D1**
**Decoration - IDS Decoration Accou**
Restricted
**Sub-total for Decoration**
**Defib - Defib Cabinet**
Restricted
**Sub-total for Defib**
**EmmaBussey - Emma Bussey Grant**
Restricted
**Sub-total for EmmaBussey**
**Energy - Energy Fund**
Designated
**Sub-total for Energy**
**Families – Bradley Families**
Restricted
**Sub-total for Families**
**FelLunch - Fellowship Lunch**
Designated
**Sub-total for FelLunch**
**Jubilee - Jubilee - Inactive**
Designated
**Sub-total for Jubilee**
**Knit - Knitting Group**
Restricted
**Sub-total for Knit**|**Opening**
**Incoming**
**Outgoing**
**Transfers**
**Gain/Loss**
**Closing**
—
—
—
—
(14,235)
106,751| |---|---| ||**—**
**—**
**—**
**—**
**(14,235)**
**106,751**
(1,133)
9,624
3,125
(5,301)
—
63
—
—
997
9,148
—
(61,483)| ||**(1,133)**
**9,624**
**4,123**
**3,846**
**—**
**(61,420)**
28,563
886
—
(29,449)
—
—| ||**28,563**
**886**
**—**
**(29,449)**
**—**
**—**
1,811
85
771
(92)
—
1,032| ||**1,811**
**85**
**771**
**(92)**
**—**
**1,032**
1,422
—
130
—
—
1,292| ||**1,422**
**—**
**130**
**—**
**—**
**1,292**
—
112
—
—
—
937| ||**—**
**112**
**—**
**—**
**—**
**937**
—
533
—
—
—
533| ||**—**
**533**
**—**
**—**
**—**
**533**
2,219
—
126
—
—
2,092| ||**2,219**
**—**
**126**
**—**
**—**
**2,092**
(248)
244
3,562
2,883
—
(683)| ||**(248)**
**244**
**3,562**
**2,883**
**—**
**(683)**
431
—
100
—
—
331| ||**431**
**—**
**100**
**—**
**—**
**331**
29
965
713
—
—
280| ||**29**
**965**
**713**
**—**
**—**
**280**
—
400
492
92
—
—| ||**—**
**400**
**492**
**92**
**—**
**—**
152
352
154
—
—
350| ||**152**
**352**
**154**
**—**
**—**
**350**| _Page 18_ |**Lent - Lent Appeal - Inactive**
Restricted
**Sub-total for Lent**
**WedClub - Wednesday Club**
Restricted
**Sub-total for WedClub**
**Sunshine - Sunshine Corner**
Restricted
**Sub-total for Sunshine**
**General - General fund**
Unrestricted
**Sub-total for General**
**IgniteCamp - Ignite 5:14 Camp**
Restricted
**Sub-total for IgniteCamp**
**Ignite - Ignite 5:14**
Restricted
**Sub-total for Ignite**
**HotchPotch - Hotch Potch**
Restricted
**Sub-total for HotchPotch**
**Fairtrade - Fairtrade**
Restricted
**Sub-total for Fairtrade**
**Grand total**|87
(87)
—
—
—
—| |---|---| ||**87**
**(87)**
**—**
**—**
**—**
**—**
286
5,028
2,724
—
—
2,590| ||**286**
**5,028**
**2,724**
**—**
**—**
**2,590**
1,596
458
895
—
—
1,159| ||**1,596**
**458**
**895**
**—**
**—**
**1,159**
14,927
50,105
45,987
22,720
—
41,767| ||**14,927**
**50,105**
**45,987**
**22,720**
**—**
**41,767**
(1,668)
5,058
3,047
—
—
342| ||**(1,668)**
**5,058**
**3,047**
**—**
**—**
**342**
885
2,631
1,703
—
—
1,813| ||**885**
**2,631**
**1,703**
**—**
**—**
**1,813**
246
615
196
—
—
665| ||**246**
**615**
**196**
**—**
**—**
**665**
985
477
593
—
—
869| ||**985**
**477**
**593**
**—**
**—**
**869**| ||**50,595**
**77,492**
**65,323**
**—**
**(14,235)**
**100,706**| _Page 19_ ## **Fund movement by type 2021** ||**Opening**
**Incoming**
**Outgoing**
**Transfers**
**Gain/Loss**
**Closing**| |---|---| |**ACTS 435 - ACTS 435**
Restricted
**Sub-total for ACTS 435**
**Building - Building Fund**
Designated
**Sub-total for Building**
**CAid - Christian Aid**
Restricted
**Sub-total for CAid**
**Children & - Grants - Children An**
Designated
**Sub-total for Children &**
**Energy - Energy Fund**
Designated
**Sub-total for Energy**
**Families(B - Families (Bradley Fa**
Restricted
**Sub-total for Families(B**
**Fees - Diocesan Fees**
Restricted
**Sub-total for Fees**
**FelLunch - Fellowship Lunch**
Designated
**Sub-total for FelLunch**
**Knit - Knitting Group**
Restricted
**Sub-total for Knit**
**Spurse - Samaritans Purse**
Restricted
**Sub-total for Spurse**
**WedClub - Wednesday Club**
Restricted
**Sub-total for WedClub**
**D1 - D1 Fund**
Restricted
**Sub-total for D1**
**Sunshine - Sunshine Corner**
Restricted
**Sub-total for Sunshine**
**Shepherd - Good Shepherd Minist**|—
255
255
—
—
—| ||**—**
**255**
**255**
**—**
**—**
**—**
3,447
6,139
8,919
(1,800)
—
(1,133)| ||**3,447**
**6,139**
**8,919**
**(1,800)**
**—**
**(1,133)**
—
141
141
—
—
—| ||**—**
**141**
**141**
**—**
**—**
**—**
1,250
1,000
438
—
—
1,812| ||**1,250**
**1,000**
**438**
**—**
**—**
**1,812**
1,108
1,347
4,503
1,800
—
(249)| ||**1,108**
**1,347**
**4,503**
**1,800**
**—**
**(249)**
—
750
319
—
—
431| ||**—**
**750**
**319**
**—**
**—**
**431**
1,077
2,970
3,636
(411)
—
—| ||**1,077**
**2,970**
**3,636**
**(411)**
**—**
**—**
211
179
361
—
—
30| ||**211**
**179**
**361**
**—**
**—**
**30**
402
—
250
—
—
152| ||**402**
**—**
**250**
**—**
**—**
**152**
15
651
651
(15)
—
—| ||**15**
**651**
**651**
**(15)**
**—**
**—**
184
538
402
(33)
—
286| ||**184**
**538**
**402**
**(33)**
**—**
**286**
1,423
—
—
—
—
1,423| ||**1,423**
**—**
**—**
**—**
**—**
**1,423**
1,792
421
609
(7)
—
1,596| ||**1,792**
**421**
**609**
**(7)**
**—**
**1,596**| _Page 20_ |Restricted
**Sub-total for Shepherd**
**Lent - Lent Appeal**
Restricted
**Sub-total for Lent**
**General - General fund**
Unrestricted
**Sub-total for General**
**IgniteCamp - Ignite 5:14 Camp**
Restricted
**Sub-total for IgniteCamp**
**Ignite - Ignite 5:14**
Restricted
**Sub-total for Ignite**
**CCLA - CCLA Investments**
Restricted
**Sub-total for CCLA**
**EmmaBussey - Emma Bussey Grant**
Restricted
**Sub-total for EmmaBussey**
**HotchPotch - Hotch Potch**
Restricted
**Sub-total for HotchPotch**
**Fairtrade - Fairtrade**
Restricted
**Sub-total for Fairtrade**
**ChildSoc - Childrens Society**
Restricted
**Sub-total for ChildSoc**
**CardAppeal - Christmas Card Appea**
Restricted
**Sub-total for CardAppeal**
**Grand total**|1
267
525
257
—
—| |---|---| ||**1**
**267**
**525**
**257**
**—**
**—**
88
—
—
—
—
88| ||**88**
**—**
**—**
**—**
**—**
**88**
7,642
45,223
38,278
340
—
14,928| ||**7,642**
**45,223**
**38,278**
**340**
**—**
**14,928**
(1,676)
8
—
—
—
(1,668)| ||**(1,676)**
**8**
**—**
**—**
**—**
**(1,668)**
473
1,206
793
—
—
886| ||**473**
**1,206**
**793**
**—**
**—**
**886**
25,184
3,380
—
—
—
28,564| ||**25,184**
**3,380**
**—**
**—**
**—**
**28,564**
1,251
1,000
32
—
—
2,219| ||**1,251**
**1,000**
**32**
**—**
**—**
**2,219**
300
117
170
—
—
247| ||**300**
**117**
**170**
**—**
**—**
**247**
1,073
137
266
41
—
985| ||**1,073**
**137**
**266**
**41**
**—**
**985**
141
541
541
(141)
—
—| ||**141**
**541**
**541**
**(141)**
**—**
**—**
31
—
—
(31)
—
—| ||**31**
**—**
**—**
**(31)**
**—**
**—**| ||**45,415**
**66,268**
**61,088**
**—**
**—**
**50,595**| _Page 21_ ## **Staff Costs** The PCC did not employ anyone in 2022 or 2021. There were no employee benefits to key management personnel in the previous or current year. ## **Trustees’ Remuneration & Expenses** No Trustees were employed so no remuneration has been incurred during the year One trustee was reimbursed £117 [£78 2021] for travel and subsistence during the year. ## **Related Parties** No other expenses were paid to any other PCC member, or persons closely connected to them or related parties. _Page 22_ ## **Analysis of Transfer between Funds 2022** **----- Start of picture text -----**
Debit Credit Description Fund Fund Type
Tfr from CCLA Investments to General as income from
- 29,449.88 Endowment is unrestricted CCLA Res
Tfr from CCLA Investments to General as income from
29,449.88 - Endowment is unrestricted General Unr
- 533.09 Tfr from Building Designated to Restricted to close Building Des
533.09 - Tfr from Building Designated to Restricted to close Building Res
- -533.09 Tfr from Building Designated to Restricted to close Building Des
-533.09 - Tfr from Building Designated to Restricted to close Building Res
Tfr from Children & Youth to Jubilee to bring to nil and
- 92.68 close as per email 27/10/22 Children & Youth Des
Tfr from Children & Youth to Jubilee to bring to nil and
92.68 - close as per email 27/10/22 Jubilee Des
- 2,883.24 From Building des to Energy fund to clear KB tidy up Building Des
2,883.24 - From Building des to Energy fund to clear KB tidy up Energy Des
- 6,729.37 General to Building restricted KB tidy up General Unr
6,729.37 - General to Building restricted KB tidy up Building Res
- 2,418.68 Tfr from Building Designated to Restricted to close Building Des
2,418.68 - Tfr from Building Designated to Restricted to close Building Res
**----- End of picture text -----**
## **Analysis of Transfer between Funds 2021** |**Debit**|**Credit**|**Description**|**Fund**|**Fund Type**| |---|---|---|---|---| |-|£ 31.00|Into General for 3%giving2020 donation|CardAppeal|Res| |£ 31.00|-|From Card Appeal for Children's Society3%|General|Unr| |-|£ 15.00|Into General for 3%giving2020|Spurse|Res| |£ 15.00|-|From Samaritans Pusrse for 3%giving2020|General|Unr| |-|£ 140.75|Into General|ChildSoc|Res| |£ 140.75|-|From Children's Society|General|Unr| |-|£ 411.00|Into General|Fees|Res| |£ 411.00|-|From Fees|General|Unr| |-|£ 600.00|To EnergyFund Jan to March 2021|Building|Des| |£ 600.00|-|From BuildingFund|Energy|Des| |-|£ 600.00|Into EnergyFund|Building|Des| |£ 600.00|-|From Building|Energy|Des| |-|£ 600.00|Into Energyfor 3rdQuarter|Building|Des| |£ 600.00|-|From Building|Energy|Des| |-|£ 257.40||General|Unr| |£ 257.40|-||Shepherd|Res| |-|£ 7.40|Into Fairtrade|Sunshine|Res| |£ 7.40|-|From Sunshine Corner|Fairtrade|Res| |-|£ 33.35|Into Fairtrade|WedClub|Res| |£ 33.35|-|From WednesdayClub|Fairtrade|Res| _Page 23_ ## **Fixed Assets** a) Tangible Fixed Assets – The PCC does not have any Tangible Fixed Assets. Should there be any tangible fixed assets, depreciation would be calculated at 50% per annum. ## b) Fixed Asset Investments ||At 1 Jan
£|Additions
£|Disposals
£|Transfers
£|Change in
Market Value £|At 31 Dec
£| |---|---|---|---|---|---|---| |Endowment funds||||||| |Investments|0.00|120,897|0.00|0.00|(14,236)|106,751| |||||||| |**Total**|**0.00**|**120,987**|**0.00**|**0.00**|**(14,236)**|**106,751**| CCLA 120002010P – Lichfield TN 131 - £14,701.51 [£16,655.78 2021] CCLA 1200021085S – Lichfield TN 131 - £92,050.26 [£104,331.85 2021] Introduced into the Accounts in 2022 ## **Liabilities due within one year** ||2022
£|2021
£| |---|---|---| |LDBF loan due < 1year|8,892|0.00| |||| |**Total**|**8,892**|**8,892**| ## **Liabilities due after one year** ||2022
£|2021
£| |---|---|---| |LDBF loan due 2 – 5years|52,591|54,013| |||| |**Total**|**52,591**|**54,013**| Loan introduced into the accounts in 2022. Drawn down in 2017 for an original loan of £97,085.77 and repayable over 12 years _Page 24_ ## **Summary of Assets by Fund 2022** ||**Unrestricted**|**Restricted**|**Endowment**|**Total 2022**|**Total 2021**| |---|---|---|---|---|---| |**Unrestricted**|||||| |General fund|41,767|—|—|41,767|14,927| |**Designated**|||||| |Building Fund|63|—|—|63|(1,133)| |Energy Fund|(683)|—|—|(683)|(248)| |Fellowship Lunch|280|—|—|280|29| |Grants - Children And Youth|1,032|—|—|1,032|1,811| |**Restricted**|||||| |Building Fund|—|(61,483)|—|(61,483)|—| |CCLA Investments - Inactive|—|—|—|—|28,563| |D1 Fund|—|1,292|—|1,292|1,422| |Defib Cabinet|—|533|—|533|—| |Emma Bussey Grant|—|2,092|—|2,092|2,219| |Fairtrade|—|869|—|869|985| |Families (Bradley Families)|—|331|—|331|431| |Hotch Potch|—|665|—|665|246| |IDS Decoration Account|—|937|—|937|—| |Ignite 5:14|—|1,813|—|1,813|885| |Ignite 5:14 Camp|—|342|—|342|(1,668)| |Knitting Group|—|350|—|350|152| |Lent Appeal - Inactive|—|—|—|—|87| |Sunshine Corner|—|1,159|—|1,159|1,596| |Wednesday Club|—|2,590|—|2,590|286| |**Endowment**|||||| |Sale Of Ambleside Held In Diocesan Trust|—|—|106,751|106,751|—| |**Total**|**42,368**|**(48,505)**|**106,751**|**100,706**|**50,595**| ## **Summary of Assets by Fund 2021** ||**Unrestricted**|**Designated**|**Restricted**|**2021**|**2020**| |---|---|---|---|---|---| |**Unrestricted**|||||| |General fund|14,928|—|—|14,928|7,642| |**Designated**|||||| |Building Fund|—|(1,133)|—|(1,133)|3,447| |Energy Fund|—|(249)|—|(249)|1,108| |Fellowship Lunch|—|30|—|30|211| |Grants - Children And Youth|—|1,812|—|1,812|1,250| |**Restricted**|||||| |CCLA Investments|—|—|28,564|28,564|25,184| |Childrens Society|—|—|—|—|141| |Christmas Card Appeal|—|—|—|—|31| |D1 Fund|—|—|1,423|1,423|1,423| |Diocesan Fees|—|—|—|—|1,077| |Emma Bussey Grant|—|—|2,219|2,219|1,251| |Fairtrade|—|—|985|985|1,073| |Families (Bradley Families)|—|—|431|431|—| |Good Shepherd Ministry|—|—|—|—|1| |Hotch Potch|—|—|247|247|300| |Ignite 5:14|—|—|886|886|473| _Page 25_ |Ignite 5:14 Camp|—|—|(1,668)|(1,668)|(1,676)| |---|---|---|---|---|---| |Knitting Group|—|—|152|152|402| |Lent Appeal|—|—|88|88|88| |Samaritans Purse|—|—|—|—|15| |Sunshine Corner|—|—|1,596|1,596|1,792| |WednesdayClub|—|—|286|286|184| |**Total**|**14,928**|**460**|**35,208**|**50,595**|**45,415**| ## **Receipts and Payments Account 2021** ||**Unrestricted**
**funds**
**Designated**
**funds**
**Restricted**
**funds**
**Total funds**
**2021**
**Total funds**
**2020**| |---|---| |**Receipts**
Donations and legacies
Church Activities
Investments
Other income
**Total receipts**
**Payments**
Costs of generating funds
Costs of generating voluntary income
Mission giving & charity donations
Other expenditure
Church activties
**Total payments**
**Excess of receipts over payments before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Excess of receipts over payments before**
**other gains / losses**
**Net movement in funds**
**All assets at 01 January 2021**
**All assets at 31 December 2021**|44,926
7,318
9,000
61,244
59,298
—
—
3,380
3,380
3,390
297
1,347
—
1,644
2,527| ||**45,223**
**8,664**
**12,380**
**66,268**
**65,214**
187
—
—
187
107
1,925
—
2,025
3,949
699
—
4,442
—
4,442
—
36,166
9,780
6,564
52,510
58,869| ||**38,278**
**14,222**
**8,588**
**61,088**
**59,675**| ||**6,946**
**(5,557)**
**3,791**
**5,180**
**5,539**
598
1,800
298
2,696
4,069
(257)
(1,800)
(639)
(2,696)
(4,069)| ||**7,286**
**(5,557)**
**3,451**
**5,180**
**5,539**| ||**7,286**
**(5,557)**
**3,451**
**5,180**
**5,539**| ||**7,642**
**6,016**
**31,757**
**45,415**
**39,876**| ||**14,928**
**459**
**35,208**
**50,595**
**45,415**| _Page 26_