Parish of Stoke & Fenton Inoluding the churches of All Saints, Hanley-, Christ Church, Fenton,. st Paul's, Mount Pleasant and Stoke Minster (St Peter ad Vinculal Annual Report and Financial Statements of the Parochial Church Council of Stoke-upon-Trent & Fenton st For the year ended 31 December.2022 Charity registration number.. 1193760 Page J
The Parochial Church Council of Stoke.upon-Trent & Fenton Trustees, Annual Report for the year ended 31 December 2022 st Charity registration number 1193760 AiTnS and Purposes Sioke-upon-Trent & Fenton Parochial Church Council {PCC) has the responsibility of Cooperating with the Rector, the Reverend Canon Andrew Wickens, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and eoumenical. The parish comprises of four districts, each with rt$ own place of worship and assoGiated district church council (t)cc) that Is responsible for the maintenance of the district's church building. The Reverend Geoffrey Eze takes responsibilrty for the disliicl of All Saints. Hanley, where thè DCC Is also responsible for the maintenance of All Saints Church Hall, adjacent lo Ihe church. The Reverelld Father Tommy Merry has taken responsibility for the distri¢ls of Chrlsl Church, Fenton and of St Paul's. Mount Pleasant (urslil Easter 20221. The district of thè Minster Church of St Peter ad Vincula iests direGlly under the responsibility of the Ractor. Objectives and Activities The PCC is committed to supporting each distri¢l church welcome as many people as possibte to worship and enabling them to become part of the Christian community. The PCC coordinates the actr.vity of district church councils as they prOOte worship locally. Our services and worship put faith into praGlice IhrDugh prayer and scripture, music and sacrament. Also, through non-sacramenlal activities of hospitality and fellowship we aim lo serve people in the local community more broadly. Public Beneflt The trustees of the PCC are aware of the Charity Commission's guidance on public benefit- specifieally for the Advancement of Religion for the Public Benefit. The trustees have had regard lo this guidance in Iheir administration of the Charity. The trustees believe that, by promoting the WOTk of the Church of England in the EcclesiastiGal Parish of Stoke-upon-Trent & Fenton il helps to promote the whole mission of the Church (pastoral, evangelistic, social and ecumenicall more effectively, wthin the Ecclesiasti¢al Parish. and Ihal in doing so it provides a bgnefil to the public by.. Providing fa¢ilities for public worship. pastoral care and spiritual. moral and intellectual development, bolh for ils members and for anyone who wishes t? benefit from what the Church offers,. 8nd Promoting Christian values and servio by members of the Church in and to their commLsnittes, to the benefit of indivsdual$ and society as a whole. To facililale this work it Is important that we maintain the fabri¢ of the four district churches and All Saints Churth Hall. Achievèments and Pérformance Perhaps the main change facing the parish in the course of 2022 has come with the departure of Fr Tommy Merry and the churches adjusting in consequence lo the reduction in stipendiary ¢lergy stafffng. Since the parish was constituted in 2018 it has always been expected that the staffing level would normalise al effectively 1.8 posts. It has only been during 2022 that the full impli¢atrons of this have begun lo be apparent. In all, the PCC mel four times in the course of 2022 lineluding the inaugural meetin9 following the Annual Parochial Church Meeting} to consider policy issues affecting the parish as a whole Including lone working, Page 2
data protection. The PCC has also considered the management of the respective church buildings in the paflsh. During 2022 a Special Parochial Church Meeting was al$0 called which gave the PCC authority to undertake business on behalf ot a district church as and where the local district ¢ttufch council is in abeyance. Risk Management The Church Wardens carry OL¢1 regular Health and Safety Reviews and regularly inspect pMISeS for potential hazards. We have safeguarding policies in pla for child prolects.on and work with vulnerable adults, including rigorous DBS checking of staff and volunteers. Our insurances are reviewed annualty to ensure adequate Cover. An infomial review of ally new risks which may impael the work of the ChLirch in the Parish is ongoing. Statement on Safeguarding The Parochial Church Council believes that it has has fulfilled ils duty under section 5 of Ihg Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops, guidanGe on safeguarding children and vulnerable adults). The post of Parish Safeguarding Officer is currently vacant and the PCC is actively recruitillg a new postholder. The Parish Safeguarding Policy was reviewed in March 2021 and is available lo view al www.safeouafding.slokeminster.org. A ¢opy is also available on display on the noticeboard of district churche$. Reportlng Serious Incidents A S8rious Incident is an 8dverse event, wheth&r aclu81 or alleged, which results in or risks signrficant harm to the charity's beneficiaries. employees, office holdeTS, volunteers or lo others who come into contact with the charity through ils work, loss of the charity's money or assets, damage to the charity's propety or harm lo the charity's work or reputation. The Iruslees have given Consideration of potential Serious Incidents and concluded that the threshold for reporting to the Charty Commission was not mel in the last year. Financial Review The accounts for the parish are consolidated from the accounts of the respe¢tlve district ¢hurch councils as well as the team account which helps support the activities of the parish as a whde. Each of the district churches is responsible for meeting the local c051s of ministy and mission. In addition each district church council makes contributions towards ntral oosls for the parish in adminlstration. Common Fund (fomiedy Parish Share) is the conlributitsn made by each church to the costs ol ministy and mission across the Diocese of Lichfield. Although the benefice is one parish, it continues to receive dislincl Common Fund allocations. Christ Church, Fenton, which was a dislincl parish until 2017, receives its own Common Fund allocation from the Li¢hfield Diocesan Board of Finance (LDBF). The other three distrirt churches comprise what was the historic Sloke Tèam Ministry. The PCC accordingly receives a Common Fund allocation from LDBF for the histori¢ Stoke Team each year. The PCC then reaches an agreement on the allocation of Common Fund amongst the district churches. Currently, this is In proportion to the allocation of 8tipendiary clergy across the Team. The accounts show that despi18 reaching with LDBF a special assessment of £49.000 for the historic Stoke Team as a whole, the churches have continued to face difficulty meeting their finan¢ial cominitments. St Paul's, Mount Pleasant met its contribution in full. 80th All saints, H8Dley and Stoke Minster have additional parish share arre8r$ al Ihe end of 2021. Common Fund arrears do not themselves constitute a legally enforceabla debt. Were they such, the PCC would be required to take consideration of airears in reaching a judgement as to whether it continues to be a 'going concern. The PCC would cleaty W$h to meet ils responsibilities in full, but this has not been possible over the last year. It continues lo revlew its activities in the light of financial r8POrting. Page 3
Reserves Pollcy 11 is PCC policy to try to maintain a balance on free resetves {nel current asset5) which equates to approximately £25,000. This is held to smooth out ff uctuations in cash ftow and to meet èmergencies. Free reserves al year end were a deficit of £57.516, substantially below this largel {2021 figure -£17,593). There was also a shortfall in the parish share creditor of £108,222, The trustees are cu¥rently looking at ways to increase income, and thus increase free rese¥ves. It is our policy lo invest the short term investment fund balances with the CCLA Church of England Depo8lt Fund and the remainder in the CCLA Church of England Invgstmenl Fund. Climate Change and Investment Policy The district churchos ol Christ Church. Fenton and Stoke Minster both have investments administered by CCLA land in the latter case also a deposit fund). The charity is granted F)ower lo invest in suitable investmen15 under the PCC Powers Measure 1956 and the TTUStees Act 2000. As a charity, the Trustees have a duty of care to l¥ke such advi as is appropriate before investments are undertaken. This advice is sought from the Central Board of Finance ICCLAI in London. The charity's investment policies are based on key principles.. _ Ethical Investment~ this includes ensuring that investments are held in companies which have high standards of corpofale goverriance act in a responsible way towards stakeholders. Long-lerm responsibilities - the Irusleès are aware of their long-lerm responsibilities in respect of the Restricted and Unrestricted 5[YeS and as a result follow a prudent approach lo investment decisions. Investment policy for long-lerTn funds is aimeEI primarily at generating a sustainable income, with due regar¢J lo the need for ihe preservation of capital value, and the possible need lo realise investments lo meet operalional needs. The charity does not havè 8 policy of generating income al excessive or high risk- kno as'purchasing income. where high returns are guaranteed at the expense ol capital. In summary, the charity has an overall policy lo maximise income while preserving the real value of its n8. Due to the natu o)f the charity, an ethical investment policy is taken into consideration when ir7veslmenls are made.. The charity follows the Ethical Inve$lmentAdvisory policy as recomrnended by the Lichfield Dio¢ese which includes the following.. "We aim Ip invest in companies that.. 11 develop their business in the interests of shareholders-, demonstrate responsible employment practices., are conscientious concerning issues of corporalo govemance, the environment and human rights., are sensitive lo the community in which they operate." Planned givlng, collections and donations are the main source5 of fund raising along wlh tax recoverable. The CBF Investment Fund is managed by CCLA whose statement on investment policy is oulined al www.c¢la.¢o.uklour-policiesldimate-change-and-inveslment-policy the PCC also notes the Church of England's General Synod TTrQtion on Cllmate Change approved in February 2020 (see www.churchofengland.orglmorelmedia-centrelnewslgeneral-synod-sets-2030-nel-zero-carbon-targel}. Fundraising The PCC reports on the fvndraising activities of the respective di8tricl ¢hurches in the parish. The PCC is very grateful to all donors whether regular or occasional - for their supporl of the church and church events. All money raised is either by donations, fundraising ¢v¢nt¥, Special appeals or le9acies for which the PCC are most grateful. Neither the PCC tsr ils respective dislTlCt church councils has used commercial organisations or professional fundraisers. Volunteers The members of the PCC would like to thank all the volunteers who work acr055 our district churches in the parish lo ensure that we are the welcoming, attractive and inclusive communities that the Church is called to Page 4
be. Wrthout the support of volunteers, incllfding from those who WOLtld not consider themselves necessarily a part of the worshipping community, our churches could not serve their communities as they do. structure, Govornance and Management The PCC is a Body Corporate established by the Church of England IPCC Powers Measure 1956, and the Church Representation Rules 2006} and is a Charity awaiting registration with the Charity Commission. The PCC is governed by the Parochial Church Council Power3 Measure119561 as amended that came inlo effect on 2nd January 1957, and the Church Representation Rules {CRRI. A Scheme for the parish was made under CRR Rule 18 of 1 February 2018. This explains how district church COLfnci1s are constituted as well &5 their delegated powers. A District Church Council is formally a sub-committee of the Parochi81 Chtjrch Council. The PCC has aLrthority to revoke any and all of the automatically delegated powers of a Di5tticl Church Council las specified in the Scheme for the Parish of Sloke-upon-Trenl & Fenton and effective from 1 March 20181 whilst such District Church Council is in abeyance and not otherwise constituted (as agreed at a Special Parochial Church Meeting {09111r20221. The method of appoinlrnenl of lh6 PCC members is set out in the Church Representation Rules. The Council comprises the Incijmbernl, the Churchwardens, those elected to the Deanery Synod, and other members who are elected at the Annual Pafochial Church Meeling. by those on the ElectOTal Roll as well as those elected to serve on the PCC by respective annual meetings of the four district churches. The PCC members receive trainin9 from courses run by the Diocese. Members of the congregation are always ijrged to join the Electoral Roll. and lo stand for election to the PCC as well as theii respective DCC. The PCC member5 are responsible for making decisions on all matters of general concerrn and import2nce in the parish, and for am financial matters. The PCC usually meets al least 4 times a year. Policy Schedule The PCC has the following policies in place, copies of which ¢an be downloaded using the links below.- Latest Review Policy Safeguarding Conflicts of Interest Date Agreed March 2021 November 2022 March 2021 May 2023 November 2025 Data Protèction November 2022 ,, Lone Working February 2022 February 2024 IAS a Health & Safety Policy is specific lo each church building, th8 PCC delegates responsibility I for approving 8 Health & Safety Policy lo respective DCCS (approved 09111120221. Reference and Administrative detalls The Parish of Stok&upon-Trenl & Fenton is part of the Diocese of Lichfield wtthin the ChuTch of England. The correspondence address is Stoke Rectory, 172 Smithpool Road, STOKE-ON-TRENT ST4 4PP. The PCC is a body Gorporate IPCC Powers Measure 1956, Church Representation Rules 20171 and a charity regTrslered with the Charity Commission (No. 11937601. PCC Membership The Annual Parochial Church Meeting (APCM) usualty meets in May each year to elect members of the Parochial Church Council {PCCI for the following year. W51h the exception of those elected lo the Deanery Syrsod on a three year tenn of membership, all members of the PCC are elected on a one year term in accordance with the Scheme for the parish {see above). Page 5
The members of the PCC sewing during the year from the annual parochial church meeting were as follows.. The Clergy {ex-officio): The Revd Canon Andrew Wickens (Rector) The Revd Geoff Eze (Team Vicar) The Revd Fr Tommy Merry {Team Vicar to Easter 2022) The Revd Bill Durose {Associale Minister} The Revd Vivienne Flanagan Ilo February 2022) The Revd Gloria Harrison {Asso¢iale Minister} The Laity: Ex4)fflcio: Sam Rushton Paul Adams Doanery Synod Rewesentative {ChTlSt Churehl Parish & District Warden {Stoke Minster) Elected: Chris Machin Pauline Claytran Lay Repre$entalive {Chr(st Church) Lay Representative (Stoke Minster) Co*OPted Members: None PCC Standing Committee In view of the small size of the Council, no Standing Committee of the Council was constlluled, all business. in effect, being eonducled by the full CoLJncil as necessary. Offlcers: Parish Wardens.. Paul Adams PCC Secretsry.. Vacant Vice-chair.. Chris Machin PCC Treasurer.. None Approved by the PCC on 13 September 2023 and signed on its behalf by.. Canon Andrew Wekens, Rector, Parish of Stoke & Fento Paul Adams PaTish Warden Page 6
Independent Examiner's report to the trusteeslmembers of the PCC of stoke.upon-Trent & Fenton Registered charity number.. 1193760 I report on the accounts for the year ended 31 st December 2022 which are sel out on the follong pages. Respective responsibilities of the Trustees and Independent Examiner The charity's trustees are responsible for the preparation of the accounts. The Gharity's tDJStees consider thal an audit is not required for this yoar under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to examine the 8ccounls undef section 145 of the Charities Art, to follow the procedures laid down in the General Direcb'ons gNen by the Charity Commission {undtsr section 145{5llbl of Ihe Charities Act. and lo state whether particulai matters have corne lo my attention. Basis of Independent Examiner's Statement My examination w28 carried out in a¢¢ordance ¥vith the General Diréctions given by the Charity Comrnission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented wrth those records. It also includes consideration of any unusLial Items or disclosures in the accounts, 8nd seeking explanats'ons from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequerslly no opinion 1$ given as to whether the accounts present a "true and fair. view and the report is limited to those matters set QLrt in the slatement below. Indepéndent Examiner's Statement In connection wilh my examination, no material matters have come to my attention (other than that dlsclosed below ') which gives me cause lo believe that in any mateTial respect.. ac¢ounting records were not kept in accordan¢o with section 130 of the Charities Act or the accounts do not acconl th the with the accounting reeords the account5 do not comply wrth the applicable requirements concerning the fomi and content of accounts S9t out in the Charities {AccoL¢nts and Reports) Regulations 2008 Dther than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a prop6r undefslanding of the affounts to be reached. Signed.. Jonathan Hill FCMA CGMA Lichfield Diocesan Board of Financ st Marys House, The Close, Lichfield. WS13 7LD Date.. Page 7
The Parochial Church Council of Stoke-upon~Trent & Fenton Financial Statements for the Year Ended 31" December 2022 Accounting Policies The PCC is a public benefit enlily within the meaning of FRS 102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 goveming the individual accounts of PCCS, and with the Regulations true and lair vie¥V' provisions. They have also been prepared in 3ccordance with the Charities SORP IFRS 1021. The financial statements have been prepared under the historical ¢051 convention with items recognised at cost or IransaGtion valu8 unless otherwise slated in the relevant notes lo these accolknls. The financial statements include all Iransaclions, assets and liabilities lor 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 gather¢n9s of Church members. There may be minor discrepancies in the totals as the penGe are not being shown. Cashflow Stat8mgnt The Chanty has taken advantage ol the exemption in FRS102 from the requiremerrt lo produce a Cash flow Statement on the groun¢Ys that the income does not exceed £500,000. Golng Concern There aTe no fflalerial unc8rtainlies rélated lo events or conditlon5 that cast significant doubt on the charity's atility lo ¢onlinLfe as a going concern. Accounting EstRmate$ and Prlor Year Errors No change5 to accounting eslimales have occurred in the reporting period. No material prior year eirors have been identified in the reporting period. Dg$¢rlptlon of Funds Unrestricted fund$ are Income funds of the PCC that are available for spending on the general purposes of th8 PCC, including amounts designated by the PCC for fix8&assets for ils own usé or for spending on a future project and which are therefore not included in its'yree reserves" as disclosed in the Iruslees, annual report. Restrictèd funds comprise of elements.. al income from trusts or endowments which may be expended only on those restricled object¥ provided in the term5 01 the trust or bequest b} donations or grants received for a specific object or invited by the PCC for a speclfic object. Thè funcls may only be expended on the specific object for which they were given. Any balance remaining unspent al the end of each year musl be Carried foTrvard as a balance on that fund. The PCC does not usually invest separately for each fund. Where ther8 is no separate investment, interest is apportioned lo individual funds on an average balance basis. Endowment funds a reslrtcled fvnds that must be retained as trust capital either permanenlty or Subject to a discretionary power to spend capitsl as income, and where the use of any incorne or other benefit derived from tha capital may be restri¢led or unrostricled. Full details of all their restrictions are shown in th& notes to the accounts. Income Planned giving, collections and donations are re¢ognised when received or when the PCC becomes enlilled to the resource and the monetary value can be measured wilh sufficient reliability- Tax refunds are recognised when the incorning resource to which they relate is received. Grants and Legacies are accountfjd for when the PCC is legally enkn.tled to the &mounts due and the monetary valu& can be n)easurèd with sufficient reliability. DIVendS are accounted for when receivable, interest 1$ accrued. All other income is recognisets when it IS fe¢eivable. All incoming resources are accounted for gross. Page 8
Expendrture Grants and donations are accounted for when paid over. or when awarded, if that award creates a binding or conslrucb've obligation on the PCC. The diocesan Common Fund (also called parish share) is accounted for when due. Amounts received specifically for mission are dealt with as ffslricted n$. All other expenditure is generally recognised when il is incurred and is accounted lor gross. Govémancè and Support Costs Support costs should be allocated beeen governance costs and other support. Governance Costs comprise all costs involving public accountability of the PCC and its ¢omplianc¥ with regulation and good praGlice. Support costs include central functions and hav& been allocated to aelivity cost categories on a basis ¢onsistent with the L*se of resources e.g. by aloCating staff ¢x)sls by time spent and other costs by their usage. Flxed As$ots Gonsecrated and benefi property is not includecl in the accounts by 5.1012llal&(Cl of th6 Charities Act 2011. Moveable church ftJrnishin9s held by tho var and Churchwardens on specsal trust for the PCC ancj which require a faculty for disposal are inalienable property, listed in the Church's inventory. whi¢h be inspectecl lal any reasonable limel. For anything acquired prior lo 200Q there is insufficient cost information available and therefo $u¢h assets are not valued in the financial stalemènls. No depreciation Is provided on buildings as the currently eslim2led residual value of the properh.es is not less than their carrying value and the remaining usefvl life ol these assets exceeds 50 years. so that any depreciation Charges would be immaterial. Other tangible fixed assets are valued al cost. Investments Investments in quoted shares. traded bonds and similar investments are valued initially èl cost and subsequendy at market value al the year end. Investmènts hdol lor re-sale are ated as current asset inveslmenis. Debtorn Debtors are moasured on initial recognition at 5ettl8ment amount. SubsequenUy they are tneasured at cash expected lo be received. Creditors and Ac¢rual$ Creditors are measured al settlement amount$ less any trade discounts. Aceruals are measured on best estimate of the amount requir0d lo settle the obliyalion at the reporting date. Page 9
The PCC of Stoke upon Trent and Fenton Financial Statements for the year ended 31 December 2022 Statement of Financial Actlvities UThrestri£ttd Designated RLslri£ted End4)vment rullds funds fuDd$ funds Total Prior year ftsrtds totsl In¢vrpe and qndovumènts ITgm'. Donations arFd le9acie5 Income frtrm charitable aCtle¥ Olh¥r irading actIlIe$ thvÈslm$nts Oiherincoffle rotal Inc¢me 62.640 17.774 4.549 13.692 670 99.325 120 1,449 21.648 1.960 84.408 2).183 4.Y9 13.69? 910 124,742 WJ.593 15.190 1.479 13.162 10,546 130.971 224 1.793 16 23,624 Expondsture on.. tynds Expenditure oo ¢haritsbk al¢V&S Other expenditure Yotal 301 135,505 $29 181.177 39 161.74$ S.045 IS.825 172 1S.997 156.376 322 157,001 135,SS9 5.04$ Net Incofnol 1•xpondIr&l wotrrros Lloro transf8r (36,6341 13.2521 7,$27 1312591 iJo.n41 Tr¥n?hrs GrrJ5s IralerS btshveen funds- in Gros$ Iran$f8r$ btheen fvfids- out Othet re¢ognl8èd yatsng I lossès Gains I Ios5e9 On InvestEnt asse MOvnI Sn 7.500 fjo (7,5001 17.5601 0.224 167,724} 60.224 1914831 $4.400 2J,625 129.1941 13.1921 7,627 Tot1 fvnd• brought foA¥ard 133,7401 15.017 $11520 49iYr7 489,152 Total funds forwar 1fj1934) 11,82S 6,lQ7 444.798 4Q42M 492.177 Repre3•nted by Unr•strlet Gerwal Fund 182.9341 162.934) 131.2341 D[gnt Fabri¢Oe51gnaied Fund- Mlnstsr Hall De5igna18d Funtt- All Salrts Reservè De$ignaled Fd-Christ Church Team D@sn•t- Minster 6.931 11,8401 3.845 1,088 8.931 11.8401 3.645 1,088 9,996 312 Rostr1¢ts Agency ¢olilon Chanty Re51ricied Fufio- Minslsr Choir- Rt$lrfGted- MSteff Commjnlty In¥eslmeDI Fund- Minsler Organ RestJicled Fund- Minster Resltsrallon R8$1ricte#- Saints Reslurahon Reslrfcied Fund- Chiigl ¢hwch Ur¥Jerfoor Heatin9 ResLed-hJl s¥11 415 415 654 614 60 5.721 12209 115.8791 2.602 825 5.721 72,209 11S.8791 2.602 825 10.818 {15.B791 2.602 825 Endowm•¢ Chitl Chur¢h EndQWnt Mlnsief Ertdowmonl Fun 249.067 19S,129 249.067 195,729 290,676 221,843 Pagg 10
The PCC of Stoke upon Trent and Fenton Financial Statements for the year ended 31 December 2022 Balance sheet TDtil funds Prior tar fllnds a$sg1¥ Inveslments 444.796 444,756 512.520 512,521 Curf&Nt ttsots 199 98.976 9.177 Cash albonk and in hand 89.374 90.254 CrtrfrtDN8'. Arn¢1$ f&lliw due In we year 122.988 122,6 102.860 102,B60 et Gurr•nt asg•ts1•8$ ¢UWVgnt slab11&$ 131732) 12,6831 Tat81 as£et& Joss cuttont Ilablllties 412.064 5QB.637 tibllitl Credirors faling dua aftermorÈ than cneyear 11.770 11.77Q 16.080 16,060 TOMI Mi assgtslgss nabllltl¢$ 410,294 492.77T Repio¥¢trted by Ilnr•tstrlct•d General Futxl {62,9341 133,7401 0oslgrtAt Fabnc DeggnaW Fund. lth'nster Hall Oesignaied FLMd-Al Saints Reserve Oeslgnat84 Fund- Chr1 Churth Tewn Desl4ned- Mln8t8r 8.931 1.8401 3,645 9.g96 512 3,645 Re5trlctod ¢offlmufjity Investmoni Fund- alinster Chadty R¢$iiiLted Fufid- Minster Choir- fleslncted- Minster UndeFffooY He81ing RestriG18tt-Al Saints Ageow coilecbon Organ Restn¢tsd Fthd. Minsler Restordlion Re51octed-Al Saints Resioration Re&lrictsO Fund- Chft¥l Churth 5.721 S54 so 825 415 12.209 115.8791 2,602 614 825 10,618 115.870) 2,802 EndaY4mértt Christ Churth Endowment MiD51er ÉndowmÈni Fund 249.067 195,729 290.676 221.843 •lth• Chh 492 777 Approved by tho PCC on 13 5 e p t e m b e r ?.023 and *i¥ned on its behalf by.. fvUL PAa Canon Andrew Wicken5. Paul Adams Rector, Parish of Sroke & Fentctn Parish Warden Page IJ
The PCC of Stoke upon Trent and Fenton Financial Statements for the year ended 31 December 2022 Statement of assets and liabilitles Geueral De5l Plxd 455ets- Inv8$tmpnts ¢8F Inv Fund 80018- Minster- CBF In¥estmenl Fund 1001S- Chrf51 CtturG- C&F Inv Fund- 2$¥S LDT Stoke Fenton- St Mlthatrl CBF InvesimeniF¢ 2080s- c- Totals ted Restricted Endowment Thi5 ear L4$t egr 120.687 87.8 75.042 Y61 235 4M,YS& 120.887 È5.3)2 75.042 153,735 444796 136.7A9 108.051 85,0 182.625 512,52 7.500 Curvpntqs8èts- Cesh at bank and In hand 8artay5 Cufr&nt- Al Saini$- garty$ Current- Minster- Naiwe51 Curr8ni Account- Christ Chlth- Nalwesi Current Account- Sl P8uI- arrlay> Hall. All Salni$- Uoyds General Minster- NJtWE¥I ReslNalion Arxounl- tthr1 Chu- Naiwesi Savings Account- Sl Pa. Hanley &vnornic- Sainl5. Uoyd$ Saifjng$- Minster- atwest Resetvè Account- Chri81 ctuch- Lloyds Ha4 Minster- Naiwgsi Fees A¢count- Ctrvi51 Churth- National Sabings. Att Saints CBF Deposrf 50010. Minster- Casa in hand- A]1 Saints. Cash in h8nd- Min31er- 995 T,001 (2.1771 11.442 3.tos 15.459 1.923 33.902 9,263 31.913 10.695 1.685 2.086 17.QIKS 2.602 2,000 1.296 3.124 1.s7) 3.124 337 2.602 2,M7 2.270 1.299 2.27Q 1.299 3.653 3.845 257 410 1,936 13.899 30 53 98.978 990 1,936 17.712 605 1,595 1.g36 9,407 1.948 l.Bog 29,279 4$ 84.374 Totals 13,247 uirent assots. D8btovB AcGDunts Receivable- 153 1.153 108 108 81 880 199 199 Tot8 LlabllKI95- Ag•ncy 4t¢ounts ency 5.324 4334 5.334 4334 Totals LIabIlMs. Crodrtor8.' Amount$ 14111w du• &fter rnw9 than ofte ytar san Loan-ml Saints 1> 1 yrt. 16.080 16,060 16.060 1&060 Tots 14060 Llabllltleg. C¥•drtors.' Amounts tslllng dugln onoyear D¢e$ Loan-An Saints l< 1 yty- P8rtsh shère Arreats120141- HI S8int8. Parish Share ArreaT912014}- Minster- Park8h Share ArrBar$120141 Sl PaLI- Pa SharEAtTears120161. JU $31nls- Parish Share ArreaFS (20161- Mln$ter. Parish snareArre8fS120161- $1 Paul- ParSsh ShartAnears120171_AU Saints. Poosh Share Arrèar8120171- MFn51er- Paristt are Arreors1201n- st Paul- Psti5h Share threw$120181-All Saints- Pad$h ShareArreats120181- Min51er- Parlsn snare Arrears12Q18). st pa- Paiish Shale Arrear¥12019)-1 SaIn- PBri5h Shareknars120191- Minster- Parish ShèrÈ Arrears120191-Sl Paul- Pari$h Shafe Arrear8120201- Saint5- Parish Shar$ ATrear5120201- Minsler- Pari$h Share Arrear$120201 Sl Paul- Parish Share Airears12D211- Sants- Padsh Share ArreaE3120211- MInst- PaTtsh Share 120211 Sl Paul- ammon Fund Atr¢ats12022)- 1.134 2.780 125 1.651 4.QfjO 182 1.782 4,37D 197 2.723 6.878 4.289 1,lJ4 2,849 125 1.651 4,149 782 1,782 4,478 197 2.723 6.842 301 7.28$ 18.305 1.134 2.849 125 100 4,149 182 1,782 4,478 197 2,723 6.842 301 7.285 18.305 108 7.285 17.865 440 6,919 16.968 764 3.860 9,465 426 3.018 8.919 17.385 6,919 17,385 418 3,8eo 9.8 426 3,018 s.eeo 9.696 426 233 Pag¢ 12
PaDsfi snare Arrtarg 120221- Al Saints- Pérish Shale Arrears Iz0221- St P- At£OUnls Payable- 8.007 5.328 5.418 IfO.935 6.W7 5,338 Tota 6,712 102,460 1,S31 897 113.Y87 ¢Tand total 934 492 777 Summary of assets 2021 Unr•strl¢t•d fundg D•8ign*t2d fund$ Rostrfc10d fund8 Endowm•nt funds 2021 Total Inve$lrft&nt5 Current assets Current liabililpg ear 512520 S12,520 63,300 16.549 19329 102.860 16.ofjo 16,060 Total 512520 Pagg 13
The PCC of Stoke upon Trent and Fenton Financial Statements for the year ended 31 December 2022 Fund movement by type Ineoml Out oin Tran5fer5 GainsA055e5 Closin ¢IF- ¢ommu¢)lty lwèstmènt Reslricted 5.721 fj.721 Su&lotal fw CIF 20.616 14,79S Charity.. Charfty Re5tr1ctsd P ResirittÉ 614 614 77Q 729 729 654 654 Sub4otal for Charfty. Gholt. Ml. Cholr- ReslriGt•d. Reslrictsd 60 $0 60 50 Sul>40ts1 for Cbolr- Mi Endowm•nt. Chtht ChurBh Endo Endothn¥l 290.676 17.5001 134.1091 249,067 198,729 444,796 Svb4otal lor Endawfflont 517.52Q .sooi 160,2241 Fabrf¢. M. Fabrtc O•slgnated Fu Desi9naied 9.$ 9,996 8,1 0.931 Sub4otal fr)r Fabrf¢. 1.469 1S95 Oprtpral-GenoFal Fund Unr6strided 99.3 99,325 135.959 135,959 62.934 162,934} SU110tal for Goner 133.7401 HaJl.All. Hall D¢sfignot¢d Fnd Dèsignaiod 512 612 sUtOtal for Hall- Al 2,462 {1,8401 Hoatlng-. UndprtloorTrlg4Yng R Reslrf¢t 825 82S 825 825 Sutstotal foi Hvaln4- N•n•-Ag•nty ¢oif•ctlon Reslrided 415 415 OrgaTr. Ml. Organ R•stslct•d Resblcied 1.863 1.863 473 473 Sub4•tal fororyan. MI 12,209 R88grve-. Roswvg D•slgMtèd F Desiynaieo 3,645 3,64S Sub401 for R••. J,645 ftwtoratlo. R•¥toraiion Rèstrlet Re5blCted Reslllcted 115.879) 115.8791 2.2 1142r/i Sulktrt#l for R¢storntlo 113,2rn ro¥m- mln.foam Dè$lynated_ Ml 224 Sub**tsl lor ToAm- Ml 864 1,oe8 ¢•tyd totsl Z4 Page 14
of Fund Ilbvemgnt$ - 2021 ReseNes at 1st Jaft 21 Incorri9 Re80tsr¢¥s Resoureès Expanded InvoStnnt GalnslLoss¢$ Re$&ryes at 31st Det 21 Transfo Unr#strlctorf FLmd 19,7501 99,463 111fj,5561 131,2341 D¢$i9natsd Fuftds FaWc Fd- sioko Mln$l¢t 7,376 22Q 3,157 RBero P. Chn Ghwch 11.015 230 17661 3.162 13.641 RestriGtd Funds eaiime Stodes RpOJrfu5hmwl -All Soint3 3,373 19.76T 9.017 A8$tolon Fund-Al Saints 11,tK)o 17.0331 25 j11.Oe8J' 825 UndèrlwrHeinu-All Soinl$ Big Lptlw Fund 1,006 1>00ft Furtd-SlokÈ IAm¥i•r 11.578 10.818 Garden F¥n 995; Rostorion FLDThS- ChrfBt Churth 2.601 614 Chaftty 554 510 9.767 31,278 144.423 12.1501 Endovnnt Fund c81 ¢hur¢h kn%*slments 264.040 26,$36 27,763 290.875 221,843 Slok& Mlr4ierkne$tments 194,080 458,720 $4,400 $12.520 Tot41 Funds 469,IS2 130,971 1161.7451 54,400 492,nY Page 15
The PCC of Stokè upon Trent and Fenton Financial Statements for the year ended 31 December 2022 Analysis of income and expenditure Total INCOME AND ENDOWMENTS Donatlons 4nd l•gacie5 Regular Giving IGiftAidl Re9u12r Giving (Non GiftAdl Looso pLgte colle¢tion$ Loo8e Plate Ca112Ctions All Other Giving 7ax Recoverable on Gift Aid Tax rétoverable on Girt Recurring Gr8nts Recurring grants Non-re¢urring pn&-oft9rants Non-r8currin9 One-off Grants Legarie$ Fundraising 26, 173 4,153 443 11,702 5,180 2,825 5,552 199 1,265 417 28,173 4.153 30,068 3,277 102 1.046 11.803 6,347 2.825 S.552 199 1.265 41T 20.SOO 120 4.817 5,33S 20,500 34,553 2,936 Total 62,640 120 21,648 84.408 90,593 Income from charitablè actlvltles Statutory Fees for WEddlngs and Funerals hurch Hall Income Church Booking5 Income 11,469 1.443 12.912 12.760 100 1.349 1,449 100 8.171 21.183 2.430 6.30$ 17,774 517 1.960 Totsl 15.190 othertrading activities Church Bookings Income InciNne frotn Car Paiking Other Trading A¢tivitte$ 1.000 1,892 1,658 4,549 1,892 897 5a2 1.479 Total 4,549 Investmgnts DIden¢t8 Bank and bulkling so¢iety interest Bank and Building SoThety Interest Total 13,449 13.449 13,161 242 13,892 242 13,692 13.162 Othef income Other Incorne 870 e70 99 325 224 224 1.793 910 910 124,742 Total INCOME TOTAL 10.548 130971 23.624 Puge 16
EXPENDITURE Ralsing funds Costs of Fundra15ing 304 304 304 304 529 529 Total Expenditure on charitable activitlgs Mission Giving and Donations "Dce5an Common Fund Common Fund Special Aooernent Common Fund Special Assessment Ckrgy S Staft Expenses Children's & Youttl Ministry Other Mission Expensès Church Insurance Organ I Piano Tuning Church Grounds Maintenance Church Maintenance Organist Upkeep of Services Subscriptions Photocopier Costs Other Church Running Co$ts Church Utility Bills Ghurch running- water Cast of Trading Church Hall Running Costs Church Major Rep•ir5 Hall Major Repair5 Naw Buillling Vvork 86 83,626 13,8161 12.5371 2.680 98 62 14.$38 278 1,255 5.979 5.502 1.654 T59 675 77.273 14.4491 11.9911 2,562 83,626 13.8161 12.5371 2.680 14,315 14.378 14.638 751 1.255 7,372 5.502 1,654 13.8 473 1.393 8.57S 260 1.609 1,415 18.350 45 180 1.415 16.350 45 199 2.359 6.016 7,617 10,158 2.359 2,950 450 70.489 32,157 161,177 6,016 94 1,2tyJ 504S Total 135,505 15.825 156,378 Othgr Qxpenditure Other Expenditure 150 15a 135959 172 172 15,997 322 322 157.001 39 39 161 745 Total EXPENDrruRE TOTAL GRAND TOTAL 3.252 7.627 32 259 30,774 Page 17
Allocation of Support Costs Support costs comprise Tiuslee Training and Governance Costs el¢. Due lo the nature of the ffnancial ath"vities of the PCC, these would be allocated across Charitable Expenditure which comprlses the majority of 115
xpendilure and as such are autornalically charyed there.
Staff Costs 2022 2021 Wa es & Salaries Average number of employee5 The were no employees during the year. There were no employee benefits lo key management personnel in the previous or current year. Trustees, Remuneration & Expenses ND Iruslees received r&muneralion from the PCC in association with their role on the Iruslee body. 3 trusteeg have been paid £2,68012021 £2.5621 for travel 8nd Subsistence during the year. Related Parties No other expenses were paid to any other PCC meFnber, persons closely connected lo them or related parties. Donations from related parties {PCC membef$l lotalled £9,04212021 £9,239) Other Parties BAMMEKE AND HABERFELNER WQRLDwfDE LIMITED Company Number 14253864 holds ils regisl¢red office atAII Saints Church Hall. The company is financially independent of tha PCC and as such its affairs do not lealure in the PCC'S aceounts. Fees for the examination of the accounts 2022 2021 Independent Examin¢r's lees 580 500 Other fees {eg accountancy services) paid to the Independent Examiner Page 18
Analysis of Transfer between Funds £7.500 transfer from Endowtnaftl Restricted (Christ Church) to General Unrestricted. To fund meet Diocesan Common Fund obli9ations. Fund Description Designated Funds All Saints Hall Fun {for repairs and mainlenarTce ol ltte church hall 8tAII Saints, Hanley) Stoke Minster Fabric Fun (for repairs and Maintenan of the church fabric al Stoke Minster) Stoke Minster Team Fund (for activities of the parish as a whc)lel Christ Church Resen Funcl (monies lowarc*s the cost Of a sound system 21 Christ Church Fenton) Restricted Funds All S&ntS Rt7sloratian Fund (for T$Stofftlior> project al All Saints Church) AJI Saints Undertjoor Healing Iror the developrnent of underfoor healing al All Saints Church) Chrssl Church Restoration Fund Ifor repairs and mainlenan¢e al Christ Church) Stoke Minster Charity Fund la fund for receiving charitable donations for various causes) Stoke Minster Cheir Fund la fund for administering costs associated with the Minster Choir and music) Stoke Minster Community Investment Fund la fund for activities funded by the pub14cly nded Community Inve$trnenl Fund) Stoke Minstor Organ Fund Ifor maintenance of the organ at Stoke Minslerl Endowment funds Christ Church Investment Funds Ihisloric endowment for the support of misston and ministy at Christ Ch¢Jr¢hl Stoke Minster Inveslmont Funds (historic fjndowment for the SLtpport of missiortr and ministy ai Stoke Minslerl Page 19
Flxod Assgt Investments At 1st Jan Additions Disposals Transfer5 Change in Market Value At31st Dac Endo%vment funds Christ Chuich Fenton 2go 678 249.067 Minster Church of St Peter 221843 195729 Total 512 $20 All inveslmenls ara held in the CCLA Inv8Stm8nÉ Fund. Current Assets a Debtors 2022 2021 Gift aid recoverable Prepayments and accrued income other debtors 199 Totsl Liabilities Amounts falling due in one year 2022 2021 Loan Diocesan arish share Other creditors Accruals Total 4,289 108,222 5,057 5,418 4,289 91,860 6,711 Page 20
b. Amounts falling due after more than one year 2022 2021 Loan D>ocesan parish shate Other creditors 11,770 16.059 Total IL770 Puge 21
P¢C of St•• Tr•i i F•t FIn¢41stl9ffiyAltr lty th• Y•arEnd•d 31$1 lj•e•r¥3)Z2 Tts Funds 2022 FufvJ 2021 31.277 19.62> 69.298 AIM lty Gerorv4 Fw*J¥ 13.182 13.163 12,924 16.669 8,483 10.646 10.S Total 31.276 130.971 92,396 Rasrg Fw¢¥ 675 Jb 115. 44.423 111.822 T0141 tl6, 41.423 119.753 17 0931 13.14i lJQ.ry4j $44 11-. Qgii 1SJ51 13. 14Y. $4.400 1121 11 3.162 i.n8 23.1 2,111 Pog¢ 22