Annual Report and Financial Statements of the Parochial Church Council of Bradley St Martin
For the year ended 31[st] December 2023
Charity registration number: 1185510
The Parochial Church Council of Bradley St Martin
Trustees’ Annual Report for the year ended 31[st] December 2023
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
With the restrictions of the pandemic fully lifted, 2023 was the first full year since 2019 that Covid-19 did not affect the ministry and mission of St Martin’s Church and the use of St Martin’s Church Centre. Groups and activities are going from strength to strength and new initiatives have emerged as St Martin’s seeks to continue to be a presence for good as part of the Bradley community.
We gather each Sunday morning for Bible teaching, prayer, sung worship and fellowship. Our children and young people Sunday groups continues to be an important aspect of our ministry, ensuring that our younger family members discover more about the Christian faith. Across the year themes explored have included the character of God, Jesus’ parables and Christian character. Towards the end of the year, our older members started to explore confirmation and what this may mean to them in their journey of discipleship. We are blessed that our children and young people are committed members of our church family and pray that they may continue to grow in the knowledge and love of God. We celebrate the contribution that the children and young people make to our church family in many ways, including being part of the band, leading prayers or readings.
Since January 2023, our monthly All-Age services have taken on new look and name as intergenerational Worship For Everyone, with the congregation sat around large tables for creative and reflective worship and interacting with one another - and we start W4E Sundays with breakfast treats!
Sunday morning worship continues to be livestreamed.
In January we ran Alpha and were delighted by the attendance; many of the participants continued straight on to ‘The Bible Course’ by the Bible Society which we ran as our Lent Course, joined by others from the congregation. The Bible Course concluded during a Church Family Day on 1 April, when 75 adults and children gathered for a fabulous day of worship, teaching and fellowship ending
with a meal. We were blessed by a team of volunteers from St Philip’s Church Penn Fields who led children and young people’s groups during the day and a worship band from St Matthew’s Church Tipton.
Christian Festivals were opportunities to offer special worship times including an Easter Sunday dawn celebration at the Bradley War Memorial, where we had erected a wooden cross, and decorated it with flowers and greenery at daybreak. Advent and Christmas services once again included a Blue Christmas reflection for those grieving the death of loved ones or experiencing other sadness and loss and the ever-popular Christingle service which we combined with Christmas carols and was well attended by young and older alike, with people attending who would normally not come to church.
The annual act of remembrance at the War Memorial led jointly with Bradley Methodist Church was attended by all ages from the community.
St Martin’s were blessed by the ministry of ordinand Alison Bruton as she and her husband Jon worshipped and served at St Martin’s from September 2022 to June 2023, during Alison’s her training for ordination; we valued Alison’s ministry as part of the leading and preaching team, support for small groups and Jon became a valued worship leader particularly his contribution to music worship. The congregation were sad to say goodbye to Alison and her husband Jon in June 2023 as she moved on to her title post as a curate in a different parish. Alison also became licensed as a lay funeral minister early in 2023 and was able to support Rev Kate and other parishes in the Wolverhampton deanery in funeral ministry.
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. She regularly leads collective worship and contributes to the Christian ethos and vision; it was a privilege to be part of the launch of the new school vision in January 2023 at a collective worship in school attended by all pupils and staff including admin and housekeeping teams. The school continued to build on this new vision during the year and were rewarded by a fabulous SIAMS report following an inspection in December.
We actively participate in Churches Together in Bilston and Bradley (CTBB) including supporting the annual Easter outreach in the town centre: an hour of singing, gospel presentations and giving away chocolate and offering to pray for passers-by. Hope in the Park is the summer focus for CTBB and once again many from the Bilston and Bradley community flocked to Hickman Park and enjoyed games and activities at church-run stalls, watched children from schools in Bilston and Bradley perform on the stage and this year Paul Wilmot entertained the crowd with his puppet Twist, sharing the Good News of Jesus.
The Church Centre had a Quinquennial Inspection. The overall condition of the building is very good. There was no work requiring urgent attention. The main tasks for the short-medium term include maintenance of external brick parapets, maintenance and repairs to flat roof areas, maintenance of metal framed round windows. Longer term priorities include attention to a lintel, pointing, and ongoing items linked to maintenance, repair and decorating.
Activities run by St Martin’s Church in the Church Centre continued throughout the year, run by teams of dedicated volunteers. Here’s a brief summary:
The Wednesday Club : meeting mid-week around a freshly cooked meal, the Wednesday Club is a friendly welcoming group where attendees find friendship and fellowship and mutual support; the group begins with a cuppa and chat followed by a short faith reflection before the meal. The guests are predominantly in the 70-90s age bracket. Special celebrations occur throughout the year, including marking the King’s coronation and Christmas.
K2Tog – plenty of chat accompanies the creativity of this group as they knit and crochet, often creating items for charitable causes including clothing for newborns at New Cross Hospital and holding sales to raise money for charity. Their creations brighten public spaces in Bradley as they occasionally ‘yarn bomb’ public spaces such as a Union Jack flag or poppies at the War Memorial or a quirky hat to top off a local postbox.
Hotchpotch – A hot cuppa, a slice of home-made cake, a bowl of soup and a bread roll combined with chat and friendship characterise Friday mornings at St Martin’s Church Centre as locals gather for the weekly coffee morning. The Art Group cluster together in the coffee bar too as they work on their current projects, welcoming novice and experienced artists of any skill. Hub for Grub continues to draw people in who are then offered free hospitality and stay for a chat.
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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. The Hub marked their first anniversary of serving food at St Martin’s at the end of 2023 and we look forward to the ongoing partnership during 2024.
Sunshine Corner : At the other end of St Martin’s Church Centre on a Friday morning, the Lower Hall is filled with babies and preschool children with their carers for the weekly stay-and-play. It is wonderful to see friendships developing between the adults and child-to-child over the months, and sometimes years, that they are with us. We sadly said ‘goodbye and thank you’ to four volunteers who between them logged over 30 years’ service: Emma stepped back as group leader earlier in the summer on starting a new job and in December Sandra retired as group leader and Elsie and Jackie retired from their important roles of providing tea and toast each week. During the year, Sunshine Corner enjoyed special sessions including toddler inflatables, and a highlight was a visit from ‘Farm on a Trailer’ where we were able to get close to a month-old calf, a ewe and her lamb, rabbit, rat and guinea pig!
Ignite 5:14 continues to meet every Friday evening in term time. On average, we have over 50 children and young people attend each week, ranging from 3 to 19 years of age. Our evenings are based on a theme and include a time for active games, a time of worship, a time for an activity linked to the theme and time for fellowship where tuck is on sale. Themes for the year include learning more about the work of Christian charities such as Christian Aid and Samaritan’s Purse, Jesus’ parables and ‘The life of Jesus’. Highlights of the year include our annual residential to Brixham and our ‘Bright and Light’ party where over 100 adults and young people celebrated the triumph of light over darkness through the making of crafts, sharing fellowship and watching our fantastic fireworks. Ignite 5:14 continues to have at the heart of its work the words from Matthew 5:14: You are the light of the world . We are blessed to have so many young people who are hearing the good news of Jesus Christ and the relationship they can have with Him.
Community Events during the year saw large numbers enjoying free family-friendly fun and activities, often with food, at the Church Centre. Our celebration of the King’s Coronation following Sunday morning worship was held in the church garden under blue skies; people from across Bradley enjoyed a barbeque and garden games in the sunshine.
We ran a Messy Christmas event in the lead up to Christmas, offering families a free 90-minute session of Christmas themed craft and activities and a visit to Santa, with children able to choose a gift from a selection of books telling the story of the first Christmas as well as a chocolate treat. This was much appreciated, and many families commented that they otherwise could not afford to treat their children to a Christmas-themed event.
The relationships which are developing through these events and other ‘specials’ where people come to church or to the church centre who wouldn’t normally, we are growing ever closer as a Bradley community. Through the Autumn term of 2023 we prayed about new initiatives to build on these relationships and were delighted to receive funding from a number of sources in December 2023 which will be used during 2024 for a new monthly community gathering (Bradley Connect), the development of free face-toface debt advice and extending the partnership with Hub for Grub. A generous grant from National Grid’s Community Matters fund will cover the estimated centre’s energy costs between December 2023 and March 2024 and also enable us to equip homes in the local area with energy saving items which will help to reduce household utility costs and contribute to warmer and more comfortable homes. This is being rolled out from January 2024 and we look forward to reporting on its success in the next annual report.
Fundraisers – these are popular events with church and community! Once again we hosted social events such as quizzes to raise funds for charities including Christian Aid 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. As our stewardship and gift aid secretary stepped down from this role in December 2023, we would like to thank Tony Dutfield for his many years of service
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Rentals
Sadly, due to falling revenue, our long-term agreement with Slimming World came to an end. We had helped the consultant over the year by offering amended rates but falling revenue led to Slimming World deciding to close the Bradley group at the end of the year.
Weight Watchers continue to rent the Lower Hall on Thursday evenings and Baby Massage courses run regularly through the year. We benefitted from occasional rentals from the Canal and Rivers Trust, children’s birthday parties and a not-for-profit community support network as well as receiving donations from other churches who held PCC and other away-days at the Centre.
Future Plans
As mentioned above, new initiatives are beginning in 2024 with funding in place from external donors and grant-making organisations, to further deliver the charitable aims of St Martin’s Church within the Parish. A generous donation from a family trust fund has prompted early discussions about supporting Families and Children’s ministry and further prayer and discussion will be planned to discern the best use of this funding.
We also need to consider the financial budget for the coming year in the light of changed rental use and consider how to market the building to external users.
Financial Review
Net Total Assets: £151,125 [£100,706 2022] Excess: £42,690 - Unrestricted Excess: £36,418
Restricted Excess: £6,270 [Excess: £12,168 2022]
Overall income has increased from £77,492 2022 to £119,589. The most notable differences are increases in 0101 Planned giving, 0550 Donations, 0901 Other funds generated and 1020 Bank Interest received. We have seen reductions in 1230 Church centre rents and 1101 Fees for weddings and funerals
Expenditure has increased from £65,323 2022 to £76,898. The most notable differences being 1730 cost of clubs/fetes/concerts & other events, 1741 Bank charges and Loan interest [due to there being a moratorium on loan interest for part of 2022], 2201 Parish training and mission and 2340 Provision of services. We have seen reductions in 1801 3% giving to missionary societies [This will be due to waiting to see the total collected and then paying in 2024. This will be the way it will be done moving forward so should correct itself in 2024] 2330 routine maintenance and 2360 Administration.
Thanks go to Tony Dutfield for all the work he has done 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. The recording a claim of Tax recoverable will be taken over by Kim Benton in 2024.
Thanks go to Andy Watson for his hard work and support throughout 2023.
Kim Benton
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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 £11,144 [£10,887 2022]. 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 £70,514 [£41,767 2022] which is significantly higher than this target. In the uncertain economic climate, it is felt to have a healthy reserve is a good foundation for the future and will allow the charity to explore different outreach if identified and be secure of having sufficient reserves if called upon in any unforeseen circumstances.
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: -
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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.
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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:
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“We aim to invest in companies that:
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will develop their business in the interests of shareholders;
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demonstrate responsible employment practices;
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are conscientious concerning issues of corporate governance, the environment and human rights;
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are sensitive to the community in which they operate.”
Planned giving, collections and donations are the main sources of fund raising along with tax recoverable.
Safeguarding
The PCC 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.
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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 31 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.
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 with the Charity Commission. The PCC is governed by the Parochial Church Council Powers Measure (1956) as amended that came into effect on 2[nd] January 1957, and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended).
The method of appointment of the PCC members is set out in the Church Representation Rules. The Council comprises the Incumbent, the Churchwardens, a representative of the Readers, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting, by those on the Electoral Roll. The PCC members receive training from courses run by the Diocese. Members of the congregation are always urged to join the Electoral Roll, and to stand for election to the PCC.
The PCC members are responsible for making decisions on all matters of general concern and importance in the parish, and for all financial matters. The PCC 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.
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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 9 related parties [PCC Members] during the year totalled £21,731 [£9,879 2022].
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 £19 [£117 2022] travel and subsistence during the year.
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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 2023 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 | Resigned from office of Church Warden 30 April 2023, becoming an elected member from 30 April 2023 (see below). |
| Matthew Aldridge | Deanery Synod/Licensed Lay Minister | |
| Stephen Robinson | Deanery Synod/ Church warden | Church warden from 30 April 2023 |
| Rebecca Edkins | PCC Secretary/Deanery Synod | Resigned from Deanery Synod 30 April 2023 |
| Revd Annette Duckworth | Clergy with Permission to Officiate | From 25 May 2023 |
| Elected Members | ||
| Suzanne Clarke-Flavell | Treasurer | Resigned 30 April 2023. |
| Carene Spooner | Parish Safeguarding Officer | |
| Alison Grennan | ||
| Sandra Bhella | ||
| Alison Bruton | Resigned 30 April 2023 | |
| Vanessa Russell | From 30 April 2023 | |
| Elizabeth Thomas* | (was church warden until 30 April 2023 – see above) |
Transferred from church warden to elected member from 30 April 2023 |
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Bank Cooperative Bank Business Banking PO Box 250 Skelmersdale WN8 6WT Investment CCLA Managers 1 Angel Ln 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 21/03/2024 2024 and signed on its behalf by: Revd Kate Watson (vicar) Matthew Aldridge (PCC vice chair )
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Independent Examiner’s report to the trustees/members of The PCC of The Parish of Bradley St Martin
Registered charity number: 1159897
I report on the accounts for the year ended 31[st] December 2023 which are set out on the following pages.
Respective responsibilities of the Trustees and Independent Examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independen t examination is needed.
It is my responsibility
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to examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the General Directions given by the Charity Commission
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(under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair” view and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect:
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accounting records were not kept in accordance with section 130 of the Charities Act or
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the accounts do not accord with the with the accounting records
I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Date: 13/05/2024 Jonathan Hill FCMA CGMA Lichfield Diocesan Board of Finance St Mary’s House, The Close, Lichfield WS13 7LD
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The Parish of Bradley St Martin Notes to the Financial Statements
For the year ended 31[st] December 2023
Accounting Policies
The Financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis.
There may be minor discrepancies in the totals as the pence are not being shown.
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:
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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
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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.
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FellLunch – Income from fellowship lunch that is held every second Sunday. Expenditure to pay for provisions.
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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.
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Restricted funds comprise of two elements:-
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a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest
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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:
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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.
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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.
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Building – This is the loan with the Diocese for the work on the building.
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Knit – Knitting group subs.
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D1 – Monies raised for Ignite 5:14 leaders to complete the D1 driving license for when the group use a minibus.
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Families (Bradley) – specifically to help Bradley families in need.
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Defib – Defib Cabinet – Monies donated for an external cabinet for the defibrillator to be sited externally for community use.
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Decoration IDS – Funds for the re-decoration of the Vicarage held with LDBF.
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Sunshine – Monies used for Sunshine Corner Stay and Play Group that meet on a Friday morning to support parents with young children.
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IgniteCamp – Payments received from members for the annual trip to Brixham.
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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.
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HotchPotch – Monies raised from the sale of food and drinks from the group of people that attend Hotch Potch on a Friday morning.
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Fairtrade – Income and expenditure from the sale of Fairtrade products.
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
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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 2023
Receipts and Payments Account 2023
| Receipts and Payments Account 2023 | |||||
|---|---|---|---|---|---|
| Unrestricted funds |
Restricted funds |
Endowment funds |
2023 | 2022 | |
| Receipts from: | |||||
| Donations and legacies | 83,048 | 23,017 | - | 106,065 | 62,069 |
| Church Activities | - | - | - | - | 58 |
| Income from charitable activities | 616 | - | - | 616 | 1,502 |
| Other trading activities | - | - | - | - | - |
| Investments | 12,569 | 83 | - | 12,652 | 13,620 |
| Other income | 256 | - | - | 256 | 244 |
| Total income | 96,489 | 23,099 | - | 119,589 | 77,492 |
| Payments on: | |||||
| Costs of generating funds | 2,690 | 13,843 | - | 16,532 | 10,204 |
| Raising Funds | - | - | - | - | 25 |
| Expenditure on Charitable activities | - | - | - | - | 363 |
| Expenditure on Charitable Activities | 51,143 | 9,223 | - | 60,366 | 54,732 |
| Total expenditure | 53,833 | 23,066 | - | 76,898 | 65,324 |
| Net income / (expenditure) resources before transfer | 42,657 | 34 | - | 42,690 | 12,169 |
| Transfers | |||||
| Gross transfers between funds - in |
3,776 |
1,100 |
- |
4,876 |
41,574 |
| Gross transfers between funds - out |
(4,676) | (200) | - |
(4,876) | (41,574) |
| Other recognised gains / losses | |||||
| Gains/losses on investment assets | - | - | 7,758 | 7,758 | (14,236) |
| Gains on revaluation, fixed assets, charity's own use |
- | (30) | - | (30) | 52,178 |
| Net movement in funds | 41,757 | 904 | 7,758 | 50,419 | 50,111 |
| Total funds brought forward | 42,460 | (48,505) | 106,752 | 100,706 | 50,595 |
| Total funds carried forward | 84,216 | (47,602) | 114,510 | 151,125 | 100,706 |
Page 13
Statement of assets and liabilities 2023
| Class and nominal code | General | Designated | Restricted | Endowment | 2023 | 2022 |
|---|---|---|---|---|---|---|
| Fixed Asset - Investments | ||||||
| CB3008382: CCLA Lichfield TN 131 - 382 | - | - | - | 13,799 | 13,799 | 14,702 |
| CB3008451: CCLA Lichfield TN 131 - 451 | - | - | - | 100,711 | 100,711 | 92,050 |
| Total | - |
- | - | 114,510 | 114,510 | 106,752 |
| Fixed Asset - Tangible Assets | ||||||
| 6505: 65" Digital Signage Display | 888 | - | - | - | 888 | - |
| Total | 888 |
- | - | - | 888 | - |
| Current Asset - Cash At Bank And In Hand | ||||||
| 65138001: Cooperative Bank 65138001 | 8,862 | 7,405 | 3,480 | - | 19,747 | 18,500 |
| 65138441: Cooperative Bank 65138441 | 29,994 | 60 | 682 | - | 30,736 | 3,693 |
| CB3000042: CCLA St Martin Bradley | 37,006 | - | - | - | 37,006 | 32,440 |
| IDBRAD021: Interior Decorating Scheme - Vicarage | - | - | 1,250 | - | 1,250 | 938 |
| QFBRAD021: Quinquennial Scheme | - | - | 640 | - | 640 | - |
| Total | 75,863 |
7,465 | 6,052 | - | 89,380 | 55,570 |
| Liability - Agency Accounts | ||||||
| 6699: Agency collections | - | - | 320 | - | 320 | 132 |
| Total | - |
- | 320 | - | 320 | 132 |
| Liability - Creditors: Amounts falling due after more than | one year | |||||
| DLBRAD012/2: LDBF loan - Due in after one year | - | - | 44,441 | - | 44,441 | 52,592 |
| Total | - |
- | 44,441 | - | 44,441 | 52,592 |
| Liability - Creditors: Amounts Falling Due In One Year | ||||||
| DLBRAD012/1: LDBF loan - Due in one year | - | - | 8,892 | - | 8,892 | 8,892 |
| Total | - |
- | 8,892 | - | 8,892 | 8,892 |
| Net total assets | 76,751 |
7,465 | (47,602) | 114,510 | 151,125 | 100,706 |
Approved by the PCC on 21/03/2024 2024 and signed on its behalf by:
Revd Kate Watson (vicar)
Matthew Aldridge (PCC vice chair)Statement of assets and liabilities 2022
Page 14
| 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 |
Page 15
Analysis of receipts and payments 2023
| Unrestricted | Designated | Restricted | Endowment | 2023 |
2022 | |
|---|---|---|---|---|---|---|
| RECEIPTS FROM: | ||||||
| Donations and legacies | ||||||
| 0101 - Planned Giving | 39,431 | — | — | — | 39,431 | 38,118 |
| 0301 - Loose Plate Collections | 267 | — | — | — | 267 | 547 |
| 0550 - Donations | 22,126 | — | 1,200 | — | 23,326 | 1,547 |
| 0601 - Tax Recovered - Gift Aid | 9,211 | — | — | — | 9,211 | 5,591 |
| 0701 - Legacies | — | — | — | — | — | 75 |
| 08A1 - One off Grants | 1,000 | 2,500 | 12,200 | — | 15,700 | 2,400 |
| 0901 - Other Funds generated | 521 | — | 7,674 | — | 8,195 | 3,720 |
| 0903 - Club Subs and payments | 260 | 1,018 | 8,653 | — | 9,932 | 10,068 |
| Total | 72,818 | 3,518 | 29,728 | — | 106,064 | 62,068 |
| Donations and legacies - Church Activities | ||||||
| 1280 - Knitting Group - Inactive | — | — | — | — | — | 4 |
| 1290 - Sunshine Corner - Inactive | — | — | — | — | — | 53 |
| Total | — | — | — | — | — | 57 |
| Income from charitable activities | ||||||
| 1101 - Fees for Weddings & Funerals | 616 | — | — | — | 616 | 1,502 |
| Total | 616 | — | — | — | 616 | 1,502 |
| Investments | ||||||
| 1001 - Dividend | 3,486 | — | — | — | 3,486 | 3,496 |
| 1020 - Bank Interest Received | 1,080 | — | 82 | — | 1,162 | 492 |
| 1230 - Church Centre Rents | — | 8,003 | — | — | 8,003 | 9,630 |
| Total | 4,566 | 8,003 | 82 | — | 12,651 | 13,619 |
| Other income | ||||||
| 1330 - Opus Energy - Solar Rebate | — | 255 | — | — | 255 | 244 |
| Total | — | 255 | — | — | 255 | 244 |
| INCOME TOTAL | 78,000 | 11,776 | 29,810 | — | 119,588 | 77,492 |
Page 16
| PAYMENTS ON: Costs of generating funds 1730 - Cost of Clubs/fetes/concerts & other eve 843 1,372 14,316 — 16,532 10,203 Total 843 1,372 14,316 — 16,532 10,203 Costs of generating funds - Raising Funds 1720 - Stewardship Envelopes — — — — — 25 Total — — — — — 25 Mission giving & charity donations - Expenditure on Charitable activities 2110 - Visiting Clery/Locum — — — — — 54 2304 - Catering - Inactive — — — — — 309 Total — — — — — 363 Expenditure on Charitable Activities 1741 - Bank Charges & Loan Interest — — 2,688 — 2,688 997 1801 - 3% Giving to Missionary Societies 100 — 480 — 580 1,187 1910 - Common Fund 32,733 — — — 32,733 32,481 2101 - Clergy Expenses 18 — — — 18 117 2150 - Clergy Expenses - Telephone — — — — — 204 2176 - School Bibles - Inactive — — — — — 273 2201 - Parish Training and Mission 2,439 650 5,990 — 9,080 1,775 2301 - Church running - Insurance 1,530 — — — 1,530 1,434 2306 - Fairtrade — — 63 — 63 570 2310 - Telephone & Internet 994 — — — 994 773 2330 - Routine Maintenance & Minor Repairs 256 2,794 — — 3,050 4,285 2331 - Cleaning & Housekeeping 532 — — — 532 924 2340 - Provision of Services 1,303 — — — 1,303 624 2350 - Upkeep of Church Grounds 7 — — — 7 526 2360 - Administration 2,663 — — — 2,663 3,105 2363 - Licences & Subscriptions — — — — — 1,127 2401 - Utilities - Electricity 1,155 422 — — 1,578 1,747 2410 - Utilities - Gas — 2,924 — — 2,924 2,429 2420 - Utilities - Water — 615 — — 615 47 2601 - Auditors Fees — — — — — 100 Total 43,735 7,407 9,222 — 60,365 54,731 |
843 1,372 14,316 — 16,532 10,203 |
|---|---|
| — — — — — 363 — — 2,688 — 2,688 997 100 — 480 — 580 1,187 32,733 — — — 32,733 32,481 18 — — — 18 117 — — — — — 204 — — — — — 273 2,439 650 5,990 — 9,080 1,775 1,530 — — — 1,530 1,434 — — 63 — 63 570 994 — — — 994 773 256 2,794 — — 3,050 4,285 532 — — — 532 924 1,303 — — — 1,303 624 7 — — — 7 526 2,663 — — — 2,663 3,105 — — — — — 1,127 1,155 422 — — 1,578 1,747 — 2,924 — — 2,924 2,429 — 615 — — 615 47 — — — — — 100 |
|
| 43,735 7,407 9,222 — 60,365 54,731 |
|
| EXPENDITURE TOTAL | 44,578 8,779 23,539 — 76,898 65,323 |
| GRAND TOTAL | 33,422 2,996 6,270 — 42,690 12,168 |
Page 17
Fund movement by type 2023
| Fund Opening Incoming Outgoing Transfers Gains/Losses Journals Closing |
Fund Opening Incoming Outgoing Transfers Gains/Losses Journals Closing |
|---|---|
| Ambleside - Sale Of Ambleside He Endowment Sub-total for Ambleside Building - Building Fund Designated Restricted Sub-total for Building Children & - Grants - Children An Designated Sub-total for Children & Community - Community Matters Designated Restricted Sub-total for Community 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 Restricted Sub-total for Energy Families(B - Families (Bradley Fa Restricted Sub-total for Families(B FelLunch - Fellowship Lunch Designated Sub-total for FelLunch Knit - Knitting Group Restricted Sub-total for Knit Quinquenni - Quinquennial Scheme |
106,751 — — — 7,758 114,509 |
| 106,751 — — — 7,758 114,509 63 8,003 3,409 — — 4,656 (61,483) — 2,688 — — (64,172) |
|
| (61,420) 8,003 6,098 — — (59,516) 1,032 — 929 — — 102 |
|
| 1,032 — 929 — — 102 — 2,500 — — — 2,500 — 5,000 — — — 5,000 |
|
| — 7,500 — — — 7,500 1,292 — — — — 1,292 |
|
| 1,292 — — — — 1,292 937 62 — 300 — 1,250 |
|
| 937 62 — 300 — 1,250 533 — — — — 533 |
|
| 533 — — — — 533 2,092 2,000 — — — 4,092 |
|
| 2,092 2,000 — — — 4,092 (683) 255 3,347 3,775 — — — 4,900 — — — 4,900 |
|
| (683) 5,155 3,347 3,775 — 4,900 331 — 100 — — 231 |
|
| 331 — 100 — — 231 280 1,018 1,092 — — 206 |
|
| 280 1,018 1,092 — — 206 350 780 649 — — 480 |
|
| 350 780 649 — — 480 |
Page 18
| Restricted Sub-total for Quinquenni 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 |
— 20 — 600 — 640 |
|---|---|
| — 20 — 600 — 640 2,590 3,607 6,367 — — (170) |
|
| 2,590 3,607 6,367 — — (170) 1,159 414 745 — — 828 |
|
| 1,159 414 745 — — 828 41,767 78,000 44,578 (4,675) — 70,514 |
|
| 41,767 78,000 44,578 (4,675) — 70,514 342 9,164 8,533 — — 973 |
|
| 342 9,164 8,533 — — 973 1,813 3,797 3,573 — — 2,036 |
|
| 1,813 3,797 3,573 — — 2,036 665 — 192 — — 472 |
|
| 665 — 192 — — 472 869 64 688 — — 246 |
|
| 869 64 688 — — 246 |
|
| 100,706 119,588 76,898 — 7,758 151,124 |
Page 19
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 20
| 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 |
Staff Costs
The PCC did not employ anyone in 2023 or 2022
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 £19 [£117 2022] 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.
Donations from Related Parties
Donations from 9 related parties [PCC Members] during the year totalled £21,731 [£9,879 2022].
Page 21
Analysis of Transfer between Funds 2023
| Debit | Credit | Description | Fund | Fund **Type ** |
|---|---|---|---|---|
| - | 250 | Tfr from General to IDS 2022 contribution |
General | Unr |
| - | 200 | Tfr from General to Quinqennial 2022 contribution |
General | Unr |
| - | 250 | Tfr from General to Decoration IDS 2023 contribution |
General | Unr |
| - | 200 | Tfr from General to Quinqennial 2023 contribution |
General | Unr |
| 3,775.56 | - | Tfr from General to Energy Costs Designated to bringto nil and close |
Energy | Des |
| - | 3,775.56 | Tfr from General to Energy Costs Designated to bringto nil and close |
General | Unr |
| - | 200 | Tfr from IDS to Quinquennial paid into IDS in 2021 in error |
Decoration | Res |
| 250 | - | Tfr from General to IDS 2022 Contribution |
Decoration | Res |
| 250 | - | Tfr from General to Decoration IDS 2023 contribution |
Decoration | Res |
| 200 | - | Tfr from IDS to Quinquennial paid into IDS in 2021 in error |
Quinquennial | Res |
| 200 | - | Tfr from General to Quinqennial 2022 contribution |
Quinquennial | Res |
| 200 | - | Tfr from General to Quinqennial 2023 contribution |
Quinquennial | Res |
Analysis of Transfer between Funds 2022
| Debit | Credit | Description | Fund | Fund Type |
|---|---|---|---|---|
| - | 29,449.88 | Tfr from CCLA Investments to General as income from Endowment is unrestricted |
CCLA | Res |
| 29,449.88 | - | Tfr from CCLA Investments to General as income from Endowment is unrestricted |
General | Unr |
| - | 533.09 | Tfr from BuildingDesignated to Restricted to close | Building | Des |
| 533.09 | - | Tfr from BuildingDesignated to Restricted to close | Building | Res |
| - | -533.09 | Tfr from BuildingDesignated to Restricted to close | Building | Des |
| -533.09 | - | Tfr from BuildingDesignated to Restricted to close | Building | Res |
| - | 92.68 | Tfr from Children & Youth to Jubilee to bring to nil and close asper email 27/10/22 |
Children & Youth | Des |
| 92.68 | - | Tfr from Children & Youth to Jubilee to bring to nil and close asper email 27/10/22 |
Jubilee | Des |
| - | 2,883.24 | From Buildingdes to Energyfund to clear KB tidyup | Building | Des |
| 2,883.24 | - | From Buildingdes to Energyfund to clear KB tidyup | Energy | Des |
| - | 6,729.37 | General to Buildingrestricted KB tidyup | General | Unr |
| 6,729.37 | - | General to Buildingrestricted KB tidyup | Building | Res |
| - | 2,418.68 | Tfr from BuildingDesignated to Restricted to close | Building | Des |
| 2,418.68 | - | Tfr from BuildingDesignated to Restricted to close | Building | Res |
Page 22
Fixed Assets
a) Tangible Fixed Assets
| Church Equipment £ |
Total Assets |
||
|---|---|---|---|
| Cost or Valuation | |||
| As at 1 Jan | 0.00 | 0.00 | |
| Additions in the Year | 888 | 888 | |
| Disposal in the Year | 0.00 | 0.00 | |
| Revaluation[if any] | 0.00 | 0.00 | |
| Value at 31 Dec | 888 | 888 | |
| Accumulated Depreciation | 0.00 | 0.00 | |
| As at 1 Jan | 0.00 | 0.00 | |
| Charge for the Year | 0.00 | 0.00 | |
| Disposals | 0.00 | 0.00 | |
| Value at 31 Dec | 0.00 | 0.00 | |
| Net Book Value at 1 Jan 2023 | 0.00 | 0.00 | |
| Net Book Value at 31 Dec 2023 | 888 | 888 |
65” Digital signage display £888 purchased in 2023. This will be depreciated at 50% in 2024 and 2024.
b) Fixed Asset Investments
| At 1 Jan £ |
Additions £ |
Disposals £ |
Transfers £ |
Change in Market Value £ |
At 31 Dec £ |
|
|---|---|---|---|---|---|---|
| Endowment funds | ||||||
| Investments | 106,751 | 0.00 | 0.00 | 0.00 | 7,758 | 114,509 |
| Total | 106,751 | 0.00 | 0.00 | 0.00 | 7,758 | 114,509 |
CCLA CB3008382 – Lichfield TN 131 - £13,799 [£14,701.51 2022] CCLA CB3008451 – Lichfield TN 131 - £100,710 [£92,050.26 2022]
Page 23
Liabilities due within one year
| 2023 | 2022 £ |
|
|---|---|---|
| LDBF loan due < 1year | 8,892 | 8,892 |
| Total | 8,892 | 8,892 |
Liabilities due after one year
| 2023 | 2022 £ |
|
|---|---|---|
| LDBF loan due 2 – 5years | 44,441 | 52,591 |
| Total | 44,441 | 52,591 |
Page 24
Summary of Assets by Fund 2023
Unrestricted Designated Restricted Endowment 2023 2022
| Unrestricted | ||||||
|---|---|---|---|---|---|---|
| General fund | 70,514 | — | — | — | 70,514 | 41,767 |
| Designated | ||||||
| Building Fund | — | 4,656 | — | — | 4,656 | 63 |
| Community Matters | — | 2,500 | — | — | 2,500 | — |
| Energy Fund | — | — | — | — | — | (683) |
| Fellowship Lunch | — | 206 | — | — | 206 | 280 |
| Grants - Children And Youth | — | 102 | — | — | 102 | 1,032 |
| Restricted | ||||||
| Building Fund | — | — | (64,172) | — | (64,172) | (61,483) |
| Community Matters | — | — | 5,000 | — | 5,000 | — |
| D1 Fund | — | — | 1,292 | — | 1,292 | 1,292 |
| Defib Cabinet | — | — | 533 | — | 533 | 533 |
| Emma Bussey Grant | — | — | 4,092 | — | 4,092 | 2,092 |
| Energy Fund | — | — | 4,900 | — | 4,900 | — |
| Fairtrade | — | — | 246 | — | 246 | 869 |
| Families (Bradley Families) | — | — | 231 | — | 231 | 331 |
| Hotch Potch | — | — | 472 | — | 472 | 665 |
| IDS Decoration Account | — | — | 1,250 | — | 1,250 | 937 |
| Ignite 5:14 | — | — | 2,036 | — | 2,036 | 1,813 |
| Ignite 5:14 Camp | — | — | 973 | — | 973 | 342 |
| Knitting Group | — | — | 480 | — | 480 | 350 |
| Quinquennial Scheme | — | — | 640 | — | 640 | — |
| Sunshine Corner | — | — | 828 | — | 828 | 1,159 |
| Wednesday Club | — | — | (170) | — | (170) | 2,590 |
| Endowment | ||||||
| Sale Of Ambleside Held In Diocesan Trust | — | — | — | 114,509 | 114,509 | 106,751 |
| Total |
70,514 | 7,464 | (41,369) | 114,509 | 151,124 | 100,700 |
Page 25
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 |
Page 26
SOFA – Receipts & Payments Comparatives [Previous Year 2022]
Receipts and Payments Account 2022
| Receipts and Payments Account 2022 | |
|---|---|
| Unrestricted Restricted Endowment 2022 2021 |
|
| 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 27