Annual Report and Financial Statements of the Parochial
Church Council of Walsall St Peter
For the year ended 3151 December 2024
Charity registrotion number.. 1199076

The Parochial Church Council of Walsall St Peter
st
Trustees, Annual Report for the year ended 31 December 2024
Charftyreglstration numb•r 11990T6
Objectives and Activities
The Parochial Church Council of Walsall St Peter (the PCCI has the responsibility of promoting the
ecclesiastical parish. the whole mission of the Church, pastoral. evangelical, social and ecumenical. The PCC
is also spirrf(ually responsible lor the maintenance of the church
The PCC is committed lo enabling as many people as possible lo worship at our church and lo become part
of our parish community at Walsall St Peter. The PCC maintains an overview of worship throughout the parish
and makes suggesllons on how our services can involve the many groups that live within our parish. Our
services and worship pul faith into practice through prayer, scrtpture, music and sacrament. Also. through non
sacramental activities of hospitality and fellowship we aim to reach non churched members of the community.
Publlc Benefit
The trustees of the PCC are aware of the Charity Commisslon's guidance on public benefit in The
Advancement of Religion for the Public Benefit and have had regard lo il in their administration of the Charity.
The trustees believe that, by promoting the work of the Church of England in the Ecclesiastical Parish of Walsall
Sl Peter it helps lo promote the whole mission of the Church {pastoral. evangelistic. social and ecumenicall
more effectively. within the Ecclesiastical Parish, and that in doing so it provides a benefit to the public by..
providing facilities for public worship, pastordl care and spiritual, moral and intellectual development, both
for ils mernbers and for anyone who wishes lo benefit from what the Church offers., and
promoting Christian values and service by members of the Church in and lo their communities, lo the
benefit of individuals and society as a whole.
Achievements and Performance
Throughout 2024 we have successfully maintained a steady pattem of worship and missional engagement
despite operating on a reduced capacity duo lo the vacancy. We have received vislts from a number of
priests who have presided at Holy Comrnunion for us on average once a month. We also regularfy receive
Communion by Extension. Our children's work, if anything, has expanded during 2024 and our Sunday
School continues lo be well attended. We have regular visits from the staff and children al Croft Academy
Iwilh whom we work closely). and in addition our deacon also goes into Blue Coat Infants School and
Mayfield Preparatory School, which are schools just outside our Parish. lo deliver assemblies. We continue
to provide funeral servitss for the community, conducted several baptisms during 2024 and one wedding ha5
been officiated in our Church building. Our hopes for next year prlmarily involve appointing 8 new incumbonl
so that we can gel back to full capacity. once again reachlng out further into our community, and hopefully
beginning lo build up o*Jr numbers once more.
Financlal Review
Net Total Assets: £98,519 20241£102.187 20231 Defi¢il'. {£3,66812024- [Dgficil'.1£7,73612023]
Following the departure of the previous treasurer towards the end of 2023 Alyson Green was employed as
Finance Officer & Treasurer from 1 Febru8ry 2024. While it is not thought lo be related to the departures of
either the previous incumbent or the treasurer, there has been a noticeable decline in the number of regular
donors, with unavoidable results. In terms of our reduced income, there are a nL(mber of factors that have
probably contrlbuted lo this. The first is that several active members of our congregation have either died or

relocated,. some of these people gave significant surns in the past. The second is Ihat we are in a period of
vacancy, which officially began in November 2023. Churche5 often 'shrink' somewhat wilhout an
incumbent and although we continue to have a CO￿ of regular allendees al our Wednesday and Sunday
servi￿$, our numbers do now fluctuate from one Servi￿ lo another. Thls also contributes lo Ihe third
reason.. without a full-lime prtest we cannot OP8rale al the same capacity as we have in the past. Funerals
have historically brought in a large part of our income and, whilst our deacon does conduct funeral Se￿ICe$
regularly, there is still a reduction in the number that she can perfofm given the hours available, which has
impacted our funding.
R•$erves Policy
The PCC aims to ty to maintain a balance in unrestricted reserves which equates to al least six months
unrestricted payments. This is equivalent lo £26.36212023-. £31,940). It is held to smooth out fluclualions in
cash flow and to meet emergencies. The balance of the free reserves at the year-end was £28.52212023-
£35,880}.' the PCC are cnntenl with this level of reserves in the current challenging economiG time5.
Investment Policy
The charity Is granted power to invest in suitable investmgnts under the PCC Powers Measure 1956 and the
Trustees Act 2000. As a charity. the Trusl8es have a duty of care to take such advice as is appropriat8
before investments are undertaken. This advice is sought from the Central Board of Finance (CCLA) in
London.
The charitls investment pollcies are based on two key principles.. -
Ethical Investment - this includes ensuring that Investments are held in companies which have high
standards of corporate governance and act in a responsible way towards stakeholders.
Long-terrn respon5ibilities- the trustees are aware of their long-term responsibilities in respect of the
Restricted and Unrestricted reseTres and as a result follow a prudent approach lo investment decisions.
Investment policy for long-tenn funds is aimed primarily at generating a sustainable income. with due regard
to the need for the preservation of Gapital value, and the possible need lo realise investments lo meet
operational needs. The charity does not have a policy of generating income al 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
rnade..
The charity follows the Ethical Investment Advisory policy as recommended by the Lichfield Diotsse which
includes the following..
'We aim lo invest in companies that..
will develop their busin85s in the interests of shareholders.,
demonslrale responsible employment practices.,
are ¢onscientious concerning issue5 of corpo¥ale govemance, the environment and human
rights-
are sensitive lo the community in which they operate."
Planned giving, collections and donations are the main sources of fund ralsing along with lax recoverable.
Safeguarding
The PCC believe they have fulfilled their duty under section 5 of the Safeguarding and Clergy Discipline
Measure 2016 {duty lo have due regard lo House of Bishops, guidance on safeguarding children and
vulnerable adults}.

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
¢harlly through its work. loss of the charity's money or assets, damage to the charity's propety or harn lo the
charity's work or reputation. The trustees a￿ not aware of any Serious Incidents in the last year.
Fundraising
The PCC takes it fundraising responsibilities seriously and is very grateful lo all donors - whether regular or
occasional- for their sUPPOrt of the church and church events. PCG supporters are never taken for gTanted.
The PCC take full responsibility for fundraising and do not use commercial organisations or professional
fundraisers. Al money raised is either by donations. fundraising events, special appeals or legacies for
which the PCC are most grateful. With effect froffl 1 February 2024 the church's finances have been
administered by the Finance Officer & Treasurer Alyson Green. who has sought at all times lo impart
transparency and clarity lo the members of the PCC.
Volunteers
The members of the PCC would like to thank all the volunteers who work so hard to rnake our Church a lively
and vibrant community. Our especial thanks go lo our church wardens. Anton Baker. Robert Butau and
Karen Hardwick, who have worked so tirelessly on our behalf.
Future Plans
The main focus for the future is to secure the appointment of a new vicar as a precursor for the advancement
of the Church's support and financial robustness. The procedure is well underway.
Risk Management
The Church Warden5 cary out regular He81th 2nd 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 infomial remow of any new risks which may impact the work of the Church in the
Parish is ongoing.
Structure, Governance and Management
The PCC is a Body Corporate established by the Church of England and is 8 Charity registered with the
Charity Comfflission. The PCC is governed by the Parochi81 Church Council Powers Measure119561 as
amended that came into effect on 2nd January 1957, and the Church Representation Rules leonlained in
Schedule 3 to the Synodical Govemmenl Measure 1969 as amended).
The method of appointment of the PCC members is sel out in the Chureh Representation Rules. The Council
comprises the Incumbent, the Churchwardens, those elected lo the Deanery Synod. and other members who
are elected at the Annu81 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 eleetion to the PCC.
The PCC members are responsible for making decisions on all matters of general concern and Importan￿ In
the parish. and for all financial matters. The PCC mel eight limes in 2024. Reports on all aspects of its work
are presented to the members at each meeting.
Related Parties
Donations fTom Related Partles
Donations from related parties during the year totalled £7.050. All these donations were received without
conditions.

Remuneratlon paid to Trustees
Trustee Kim Baker was paid £4,732 {2023.' £5,411} for her employment wlth the PCC as church
administrator. There were no pension Contributions.
Expenses paid to Trustees
No Trustee expenses have been Incurred during the year.
Reference and Administrative details
The Church is situated in Stafford Street, Walsall WS2 8DX and is part of the Deanery of Walsall. in the
Diocese of Lichfield. The correspondence addres5 is Sl Peter's Church, Slafford Street. Walsall WS2 8D..
registered charity number 1199076. Our website address is.. http.'Ilwww.stpeterswalsall.orgl
PCC members who have served from 1S1 January 2024 until the date this report was approved were:
Ex Officio Members
The Incumbent
Deacon (NSMI
Churchwardens
VaGant
Rev Emma Hollon
Karen HardwiGk
Anton Baker
Robert Butau
Jean Cattell
Deanery Synod Rep
Elected Members
Anton Baker
Kim Baker
Carrie Blount l$e¢retary lo the PCC)
Andrew Blount
Robert Bulau
Mandy Gilbert
Kale Gray
Gary Tumer
Elected at APCM 21 April Athena Hatzis
David Wikes
Zine Butau
Coryopted 11 Novernber
o￿l¢er of the PCC
(can att8nLI PCC m88tings
butdo8s not volg)
Alyson Green (Finance Officer & Treasurer}
Names and addres$e$ of advisers
Bank
CAF Bank Ltd
25 Kings Hill Avenue. Kings Hill, West Malling, Kent ME19 4JQ
Investment
Managers
CCLA
1 Angel Lane, London EC4R 3AB
Independent
Examiner
Jonathan Hill
LD8F
Approved by the PCC on ....
2025
d on ils behalf by..
Kale Gr
Chair)
Anto
-( ay Vic8 Chairl

Independent Examinerfs report to the trusteeslmembers of The PCC of Walsall St Peter
Registered charity number= 1199076
I report on the accounts for the year ended 31° Oecember 2024 which are set out on the following pages.
es
ective res
onsibilities of the Trustees and Inde
endent Examiner
The charitvs trustees are responsible for the preparation of the accounts. The charity's tr(tstees consider that an audSt
is not required for this year under Section 144 of the Charities Act 2011 (the Charittes Actl and that an independent
examination is needed.
It is my responsibility
to examine the accounts under section 145 of the Charities Art,
to fcTrllow the procedures laid down in the General Directions given by the Charity Commission (under sertion
14515llbl of the Charltie5 Act, and
to state whether particular matters have come to my attention.
Basis of Inde
endent Examiner's Statement
My èxamination was carried out in accordance with the General Directions given by the Charity Commission. An
examination Includes 3 review of the accounting records kept by the charity and a compari50n of the accounts
presented with those records. It also include5 consideration of any unusual item5 or disclosures in the accounts, and
5eekin8 explanations from the trustees concerning any such matters. The procedures undertaken do not provide all
the evidence that would be required in an audlt, and consequently no opinion is given as to whether the account5
present a "true and fairf view and the report is limited to thase matters set out in the staternent below.
Inde
endent Examiner's Statement
In connertion with my examination, no material matter5 have come to my attention which gives me cause to believe
that in any material respect=
accounting records were not kept in accordance with section 130 of the Charities Act or
the accounts do not accord with the with the accounting records
I have come across no other matters in connertion with the examination to which attention should be drawn in order
to enable a proper understandin8 of the accounts to be reached.
Signed..
jonathan Hill FCMA CGMA
Lichfield Diocesan Board of Finance
St Mary's House, The Close, Lichfield, WS13 7LD
Date..

The Parochial Church Council of Walsall St Peter
Financial Statements for the Year Ended 31st December 2024
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.
Flxed Assets
Consecrated and benefice propety is not included in the accounts by s.10(2llal&lCI of the Charities Act
2011.
Moveable church fvrnishings held by the Vicar and Churchwardens on special trust for the PCC and which
require a faculty for disposal are inalienable propety. listed in the Church's inventory. which can be
inspected {al any reasonable time). For anything acquired prior lo 2000 there is insufficient cost information
available and therefore such assets are not valued in the financial statements.
Description of Funds
Unrestricted funds are income fijnds of the PCC that are available for spending on th8 general purposes of
the PCC. including amounts designated by the PCC for fixed assets for ils 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.
Restricted funds comprise of fwo elements:
al income from trusts or endowments which may be expended only on those restricted objecls provided in
the terms of th8 trust or bequest
bl donations or grants received for a specific object or inwled 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 Ca￿led forward as a balance on that fund. The PCC does not usually invest
separately for each fund. Where there is no separate inveslrnenl, interest is apportioned to individual ftjnds
on an average balance basis.
Endowrnent funds are restricted funds that must be retained as trust capital either permanently or subject to
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 lo
the accounts.

The Parochial Church Council of Walsall St Peter
Financial Statements for the Year Ended 31st December 2024
Raceipts and Payments Account
UDrestrleted DesigDated Restricted EndowmeDt
rurtds
(urtds
funds
funds
Total Prior year
luttds total fllnd5
R9ceipts
Donallons and
Income Irorn chaA13ble acb¥Kles
Qlhar Iiading arlivibes
In¥estsnwtL%
Total recolpts
35,6S9
6250
75
1,804
37,473
6.250
675
56.681
8,713
2.515
4,319
45.295
49,614
68.$34
Paymollts
Raising funds
Expenditure M Charitab￿ acbvities
Total payThents
127
504
631
127
53.156
53,283
76.270
76,279
52,652
Exc•ss al ro¢6lpt$ ovqr payments befor
transler
(T.3Sfj1
3,688
13.6681
IT.7361
Transfers
Exces5 of recelpls ov•r p4ymonts b•for•
oth?r gains I losses
(1,3561
3,688
116681
ri,7361
Net mLsvqfflont In fund$
IT,3561
3,686
13.6681
ri.7361
All assets at 01 January 2024
35,679
66.307
102,187
109,923
All •$$ots at 31 Do¢•mbor 2024
2B,523
89,996
98.519
102.187
R¢pre9*nttd by
u￿r￿trICt0￿
G8n8ol Fund
26.523
28,523
35.879
R•5tricted
BuNding Reslrkied Fund
Children's Youth and Cornmunity Reslrfcied
Fu￿d
Dmpin R8$1ri¢18d Fund
Organ Restricted Fund
23,61
40.414
23,F￿6
40,414
20,886
39.355
4.667
1.309
4,86T
4,793
1,272
Statement of assets and liabilities
G¢nerAI Desltsnated Restrl£ted Endowment
Th1$
tar
List
¢ar
Current assets. Cash at bank and In hand
CAF Cutrenl ar￿u￿1-
CAF Gold aG¢ount-
C8F Depo￿¢ account-
Cash in h8nd-
4.078
22,524
1.781
132
28,523
1,469
3,510
65.312
5.547
26.034
67.101
132
98,814
13.e82
25,402
62.798
104
102.187
Totals
70.291
LIabill￿o$-AyeNeY accounts
Agency Co1￿cl￿)n8-
295
2g5
Total$
GY8nd total
69996
98.519
102.187

The Parochial Church Council of Walsall St Peter
Financial Statements for the Year Ended 31st December 2024
Statement of Assets and Liabilitles - 2023
aass and nominal code
General
Deslgnated
Restricted
Endowment
Total
Lasiyear
Curr2ntAsset. Cash At Ban* And In Hand
6501". CAF Current a(xount
6505.. CAF Gold account
6510.. CBF Oep0511 account
6590: Cash in ha￿d
Total
13.882
21.893
13.882
25,402
62,798
105
102,187
3,510
62.798
105
35.880
66.308
Net total •ss¢ts
35.8BO
102 187
Fund movernent by type . 2024
teomin
Out
oin
Transfers GafttsAos$es
Clost
8ulldin9. Bulldlng Rostrl¢tod
Resvicted
20.e87
20.887
2,719
2,719
23,606
23,6015
sub.total for 8ulldlng
CYC- CNldrqn's Youth and Communlty
Reslricled
39.355
39.355
1.562
1,562
40.414
40.414
Sub-total for CYC
Dro￿n- Drop4n R08trfGted F
R8Slrfcted
127
127
4.667
4,667
Sub4otal lor Drop4n
4794
Org*n-Oryan REstrl¢ted Fun
Restrfcted
1.272
1.272
37
37
Sub.tvtal fororgan
G•ntr41- G8nqwal Fund
￿n￿SIr￿le￿
35.880
35,llaO
52.652
$2,652
28.522
23.252
Sub-total lor Oonerdl
45,295
Grand total
102 187
9B,519
Description of Funds
Restricted
Bullding - Established in 2021 to pay for building improvements and major maintenance items in the
church and any associated church developments.
Children's Youth and Community- To support the work of the church with children and young people.
Drop-In- Originally used to support the Betel pmgram, reaching out to the homeless and people with
addictions,. now used for community drop-in events.
Organ- For the repairs and maintenance of the church organ.
Analysis of TTansfer between Funds
There We￿ no material transfers between funds.

The Parochial Church Council of Walsall St Peter
Financial Statements for the Year Ended 31 St December 2024
Analysls of receipts and payments
Totgl
Unrestritted Desi
Endowrnent Thi5
Lost velr
INCOME AND ENDOWMENTS
Donations and legaclos
Gift Ad- 8ank
other planned giving
Loose plate collECtion5
One-off Glft Ald gifts
Donations appeals etc
Tax recoverable on Gift
Non-recurring one￿ff grants
Other funds generated
17,577
4.021
4,360
1,142
1.049
7,352
63
105
35.669
1,250
530
18.827
4.551
4,260
1,142
1,049
7.352
63
129
37.473
29.722
5.165
4,253
9,725
7,773
43
56,681
24
1,804
Total
Income from eharitable activities
Fee$ fDr wedding5 and fijnerals
Church hall letiings obje¢tive5
2.780
3.470
6,250
2,780
3.470
6.250
5.713
3,000
8.713
Total
other trading activities
Wedding and funera￿ extras
875
875
875
875
Total
Investments
Oividends
Bank and buikling sooety interest
Rent from lands or ￿lIdIng$
3,140
2,441
60
2.501
45.295
2.515
4,956
60
S,D16
49.614
Total
INCOME TOTAL
2,515
4,319
3.140
68.534
EXPENDITURE
Raising funds
Costs of f8tes and olhgr events
127
Total
27
Expenditure on charStabl• aetivltles
Chanlable Giwng
Ministry parish 5har8 elc
Assistant staff ¢0515
Salary of pan8h adminlstrator
Salary of finance officer
Expenses- deacon or curate
Expen5es- children's worker
Éxpen5es- general
Education
Parish trainlng and mi55ion
Church running- insurance
1.100
26,539
S,411
26.74Q
15Q
4,732
2,879
115
26,740
150
4,732
2,879
115
504
227
39
36
3.777
504
227
39
36
3,777
225
3.618
3.328
io

Church office. lekpthone
Church maintenance
C18aning
Upkeep of seth￿$
Licences and subscriptions
Church offjce and other admin costs
Vtsiting speakerwlo¢um$
453
453
g50
15
282
1.023
1.514
424
12,391
462
15
282
1,023
1,514
80
2.B17
Church running- electricity
Church runnlng- gas
Church rpffjning- water
Hall wnning- electricity
Hall running- ga5
H￿1 runnlng- Insuran
Hall running- water
Hall runnlng- malntenance
Gov8mance costs exgminationl8udit
fee
Church major repalrs- In$tsllation
Total
EXPENDITURE TOTAL
992
4,491
392
613
650
673
992
4,491
392
613
650
673
113
215
1.500
8,753
1,274
215
1.500
9,230
7fj.270
76.270
52.652
52,652
504
631
53.156
53,283
GRAND TOTAL
7.357
3.688
3.669
7,736
Fixed Assets
a. Tanglble Fixed Assets
The PCC own a Church Hall situated in Hall Street. adjacent to the church. The valuation for insurance
purposes is £858.546 (2023.. £858.5461.
b. Fixed Asset Investments
The PCC own an unrestricted holding112.557 shares) in the CBF Global Equity Fund. managed by CCLA
and vested in the Lichfield Diocesan Trust as custodian trustee. Dividend income is mandated to the CAF
Current account quarterly. The holding is worth £40,375 (2023.. £37.9961. This was funded by a legacy
invested as per advice received from the Diocese.
li