Annual Report and Financial Statements of the Parochial Church Council of Walsall St Paul For the year ended 31° December 2025
DIOCESE OF LICHFIELD The ParochiaL Church Council of Walsall St Paul Trustees, Annual Report for the year ended 31 December 2025 Objectives and Actlvltles The Parochialchurch Council of WalsallStPaul{the PCCI hasthe responsibllity of co-operating with the incumbent. the Reverend Rob HalL in promoting in the ecclesiastical parish, the whole mission of the Church. pastoral, evangelical. social and ecumenic81. The PCC Is also splrftually responslblè forthe maintenance otthe church areas within the building. The PCC Is commltted to en8bllng as many people as p08$ible to worshlp 8t our church and to become part of our paii8h communlty at Walsall St PauL The PCC maintains an overview of worship throUoUt the parish and makes suggestions on how our seNices can involve the manygroups that live within our parish. Our services and worship put faith into pr8Ctice through prayer. scripture, music and sacrament. Also. through non-sacramental activitie$ of hospitslity and leLIow8hlp we aim to reach non-churched m8mbers of th8 communtty. Public Beneflt The trustees of the PCC are aw8re of the Charity Commission's guidance on public benefit in The Advancement of Religion for the Public B9n9fit and have had r8gard to it in their administration of the Charity. The trustees beileve that, by promotingthe work of the Church ot England in the Ecclesiastical Parish of Walsall St Paul it helps to promote th6 whole mission of the Church Ipastoral. evangelistic. social and ecumenicall more effectively, wlthln the Ecclesi88tl¢al Parlsh. and that in dolngso It provldes a beneflt to the publi¢ b Providing facilities for publlc wor8hSp 8nd prfvate prayer, p8stW81 ¢are and $pirltual, mor81 and Intellectual development, both forlts members 8ndfor8nyoneo w18hes to benefitfrom th8tthe Church offer8,- and Promotlng Chiistlan values and serytce by membws of the Church in and to their ¢ommunltle$ to the benefft of Indlvlduals and soclety as a whole. Achievements and Performance St Paul's main priority during 2025 has been to continu8 to grow a praying. worshipping and learning community. We have welcomed new worshippers both on Sundays and Wednesdays and held Lent ¢our$e$ as well as the usual times of study together. We h8ve begun to focus particularty on how we engage our young children in worship. particularly on first Sundays. We h8ve engaged the PCC and congregation with the questions of what makes St Paul's specialfor U8 and so how might we m8ke it 8pec181 for others - our mission - and witi be reflecting on the
answers early in 2026. We have olso continued our oUard giving, to Embrace, Mission for Seafarers, Walsall Bereavement S8Mces, AblewellAthice and Itambir8 Island Seefjs of Hope. The hope tor St Paul s is that it will continue to be and grow as a place of sanctuary, prayer and lovingcommunityatthe heart of a busytown. Flnanclal Review The accounts showth8t overthe period the fln8ncl81 situation resulted in a substantial deficit in both the general account and the property account due to loans to The Crossing. RoseMs Pollcy Historically, the PCC was provided with a budget for each year which was then monitor8d at each meeting to ensure a balance on free reserves (net current assets) to enable the charity to continue. This pra¢ti¢e was reinstat6d in 2024 and h8s contlnued into 2025. It Is PCC policyto tryto malntain a balance on free reserves (net current assets) which eqvates to at leastthree months unrestricted payments. This 1$ equivalent to £17.42212024: £16,946). It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance ofthe free reseNes at the ye8r-end was £16.357 {2024'. £48,918). The balance on free reserves is slighdy belowthe target howeverthe PCC are content with this ligure. Investment Policy The charity is granted powerto inv8St In sultable investsn8nts underthe PCC Powers Measure 1956 and the Trustees Act 2000. AS 8 chBrity. the Truste88 have a duty of care to tske such 8dvice as is 8ppropr18t8 before Investments 8re undertaken. This 8dvlce18 soughtfrom the Centr81 Board of Finance ICCLAI In London. The charity's investment policies are based on Iwo key principles:_ Ethlcal Investment - thls includes en8urlng that investments ar8 held in companies which have high standards of corporate governance and act in a responsible way towards stskeholders. Long-term responsibilities-the trustees a aware of their long-temi responsibilities in respect of the Restricted 8nd Unrestricted reserves and as 8 result follow a prudent approach to investment decisions. Investment pollcy for long-term fund8 is aimed primarily at generating a sustainable incom with due regard to the need forthe preseNation of capitslvalue. andthe possible need to reaiise investmentsto meet operationalneeds. 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 charityhas an overall pollcyto maximise incomewhlle preservingthe realvalue 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 Ethic81 Investment Advisory policy as recommended by the Lichfield Diocese which includes the following: e alm to invest in companies that.. ' will develop their business in tho interests of shareholders- demonstrate responslble employment practices: ' are conscientious concerning issues of corpoiatt governance, the environment and human rlght8,' . ale sensitiva to the communlty in which they operate.. Planned giving. collections. donations and property rentals are the main sources of fund raising along with tsx recoverable. Safeguarding The PCC believ8 they have fulfilled their duty under section 5 of the S8feguardingand Cle Discipline Measure 2016 Idutyto have due regard to House of Bishops'guidance on sa*eguarding children and vulnerable adults). Reportlng Serious Incidents A Serious Incident is an adverse event, whether actual or allegèd, which results in or risks significant harm to the charity's béneficiaries. employees, office holders. volunteers orto others who come into contactwith the charlty through its work, loss ofthe charity's money or assets, damage to the charity's property or harm to the charlty's work or reputstion. The trustees are not awar8 of any Serlous In¢ident8 in the18St year Fundraising The PCC takes it fundraising responsibilities serlously and is very gr8tefultO 811 donors- whether regular or occasional-for their support of the church and church events. PCC supporters are rbever taken for grÉnt&d. The PCC take full responsibility for fundr8isingand do not use commercial organisations or prof8ssionalfundraisers. All money rais8d is either by donations. fundraising events. special app8als or legaci98 or property rental lor whlch the PCC are most grateful. Volunteers The m6mbèrs ofthe PCC would like to thank 811 th8 volunteers who work so hard to make our Church function. Rlsk Management The risk management of thè bullding is th8 r8sponsibilty ot the Crosslng Companywho advise ofanyproblems or risksth8tmayaffectth8church areas.TheChurch Wardens maintain Risk Assessmentfor all actNlties under their control and se8k to meet regularlywith thè Operations Managerto discuss matters of concern. We have safeguarding policies In place for child protection and forworkwlth vulnerable adults, including rigorous DBS checking of
volunteers. Ourinsuranc8s are reviewed 8nnuallyto ensure adequate cover. An infomial review 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 Corporat8 established bythe Church of England and reglstered with the Charty Commission as The Parochial Church Councll of the Eccleslastical Parish of Walsall St Paul11210516}. The PCC is governed by the Paro¢hi81 Church Council Powers Measure 119561 as amended that came into effecton 2 January 1957, and the Church Representstion Rules (contained in Schedul83tothe SynodicalGovernmant Measure 1969 as amended). The method of appointment of the PCC members is set out in the Church Represent8tlon Rules. The Council comprises the In¢umbent, the Churchw&rdens. a representative of the Readers, those elected to the Deanerysynod. and other members who are elected at the Annual Parochi81Church Meeting, bythose on the Elector81 Roll. The PCC members receive training from courses run by the Diocese. Members of the congregation are always urged to join the E18Ctoral Roll. and to stand for election to the PCC. The PCC members are responsiblefor makingdecisions on allmatters ofgeneral¢onc8rn and importance in the parish. and for atLfinancialmatters. The PCC met7times during2025. Duringthe 5 ordinary meetings each Included the followlng subjects on all occasions: Finance Safeguardlng Health & S8f8ty Children's Work Walsall Town Centre Ministry Deanerysynod In addition, therewas 1 PCC awaydaywherethe S8feguarding Policywas discussed and 1 extraordinary meeting to discuss a PCC member commencingthe Chad Foundation course. Related Parties The'related partie$. in respect to St Paul. Walsall are the members of the PCC who ar8 also its Trustees. Donallons from Related Partle8 Donations from re18ted parties during the ye8rtotaiied £12,23012024: £12.360). Allthese donations were received without conditions. Remuneratlon paid to Trustees None of the trustees have been paid any remuneration or recelved any other b8nefsts trom employmentwith the PCC. Exp8n8e8 paid to TN8tees Onlythe Vicar claimed expenses duringth8 yearfor mileage, phone and intemet in the sum of £67912024: £6771. Reference and Administrative details
The Church is SIated in Darwall Street, Walsall WS11 DA and is part of the Deanery of Walsall. in the Diocese of Lichfield. The correspondence address is: The Church Office, Darwo11 Street, Walsall WS1 1 DA. Telephone: 01922 620669 E-mail: crossingchurchoffice@gm811.com. Ourwebsite is: https'.//www,achurchnearyou.coml¢huroh145791 PCC members who hav8 S8rved from 1" January2025 until the date this reportwas approved were: The Incumbent The Raverend Canon Rob Hall (Chairman & a director ofThe Crossing) Anits Edwards (& Dean8ry Synod Rep & a director ofThe Crossingfrom February 20251 Monica Griffiths Andrew Mason Anits Edwards LLM (Readorl Churchward8n$ Deanery Synod Reps Anne Eiiedge (lay vlco chair) Penel Cockbill Ann Powell {until May 20251 Peter Griffiths {& 8 director of The Crosslngi Stephen Cockbill IAl$o Treasurer & 8 director of The Crosslngi Izzy Cornet {& 8 director ofThe Crossing from February 20251 Jane Elezie {from May 2025) Names and addresse8 of advisers Bank Barclays Bank Wals811 Imiestment Managers CCLA PO Box 12892, Dunmow Essex. CM6 9DL. Ind8pandent Examlnor Lichfield Diocesan Board of Finance St Marys House,The Close. Lichfield WS137LD Approved by the PCC on 15° January2026 and signed on its behalf by: Reverend Rob HaLi {Chairmanl {LayVi¢e Chairl
Independent Examlner's report to tho tni8teeslmembers of The PCC of Walsall St Paul Registergd charity numbor: 1210516 I reporton the accounts fortho yeor ended 31•1 December 2025 which are set out on thefollowing pages. The charity's tNstees are responsibleforthe preparation of the accounts. The charity'8 irustees considerthat an audit is not required for this yegr under Section 144 of th& Charities Act 2011 Ith8 Charities Act) and that an independent examlnation 1$ needed. It is my responsibility to examine the aocounts undersection 145 ofthe Charities Act, to followthe procedures laid down in the General Directions given bytha Charity Commission (under section 14515llbl of the Charities Act, and to stste whether particular matters have cometo my attention. My examination was carried out In accordancewith the General Dlrections given bythe Charity Commlssion. An examination includ88 0 review of the accounting records kept bythe charty and comparison of the accounts Presented with those records. It also includes Consideration of any unusual itsms or dis¢losures In the accounts and seeking explanations from the trustees concerning any such matters. The procedure8 undertaken do not provide 8llthe evidencethatwould be required in an avdit, and consequently no opinion is Iwen as to wheiher the accounts prgsenta'true and fair" view8nd the report is limited to those matters set out in the statement below. In connection with my examin8tlon. no mater181 matters have come to my attention which gives me cause to belleve that in any materlal respect: accounting records were not kept In 8ccordanc8 wlth sectlon 130 of ihe CharltlesAct or the accounts do notÈccoid with the accounting records tha accounts do not cornply wf(h the applicable requirements con¢emSngthe form 8nd content of accounts set out In the ChBrities (Accounts and Reports) Regulations 2008 other than any requlrement thotthe accounts give a tru8 and folr view whlch is not a matter consldered 88 part of an Independent ex8mination. I have come across no other matters In connection with the examination to which atterstlon should be drawn in orderto enable a proper understanding of the accounts to be reached. Signed:.. Date.. I l/bi Izb26 Lichfield Dioceson Boord of finance St Mary's House, The Close. Lichfield WS13 7LD
The Parochial Church Councll of Walsall St Paul Flnancia( Statements for the Yoar Ended 31" December 2023 Accountlng Pollcl85 The PCC is a public bene*t entitywlthln the meanlngof FRS 102. The flnanoialstatements have been prepared underthe Charities Act 2011 and in accordance wlth the Church Accounting Regulations 2006 governingthe individual accounts of PCCS, and with the Regulations true and fairview" provisions. Thgy have also been preparfjd in accordance with th8 Charities SORP IFRS 1021. The fin8ncio1 statements have been prepared underthe historical cost convention with r(ems recognised at cost ortransaction valu8 unless otheNi$8 stated in the relevant notes to these accounts. The financial statements include aLltr8nsactions. assets and liabllities for which the PCC is responsible in law. They do not include the accounts of church gTOUP8th8t owe thelr m8in affiliation to another body nor those that 8re infoTmalgatherlngs of Church members. There may be minor dis¢rep8nci88 in the totals as the pence ar8 not b8ing shown. C8shllow Statement The Charity has taken advantage of the exemptlon In FRS102 from th8 r8quir8mentto produce 8 Cash flow ststement on the giounds thatthe income does not exceed £500,000. Golng Concgrn There are no matsri81 uncertalnties relatsd to events or conditions that C88t significant doubt on the charity's abilityto continue as a goingconcern. A¢¢ounting E8timats8 and PrlorYMr Errorn No ch8nges to accounting estlmates have occurred in the reporting pgriod. No m8terial prioryear errors have been identified in the reporting period. Descrlptlon of Funds Unr8¥trl¢ted funds are Income fund$ of the PCC Ihot are 8V8118ble for 3pending on the general purposes of the PCC, includingamounts designated bythe PCC for fixed 8&8ets for its own use or for spending on a future project and which aretherefore not Included in r(s"free re8ems" as disclosed in the trustses. annu81 report. D8slgnated funds are unrestrlcted funds dosignatsd bythe PCC fora p8rttcular purpose. The Batty Gibbard legacy, received in 2022, h88 been ijesignated to fund alterations to th& Day Chapelto make it more disabled Iriendly. Re8tr1cted funds comprise of I elements: al Income from twsts or endowments which maybe expendod only on those restricted objects promdèd in thetemis of the trust or bequest bl don8tions orgrants received for a speciflc object or Inved bythe PCC for8 specrflc object. The funds m8y only be expended on the specrfic obj8Ct for which theywere given. Any balance remaining unspentat the end of e8ch y8Br must be carried forward as a balance on thatfund. The PCC does not usually invest separately for each fund. Where theie is no separate investment, intsrest is apportioned to indNidu8lfunds on an average balance b881S. In¢ome PL8nned tying, collectlons and donatlon8 are recoEnis8d when receiveil or when the PCC becomes entitled to the resource and the monotary value can be measur8d with sufficient reliabilty. Tax refunds are recognised when the incornlng resource to which they relate is receSved. Grants and Legacies ar8
accounted forwhen the PCC is legally entitlgd to the amounts due and tho monetsryv81ue can b8 measured with suffi'cient reliability. Dividends are accounted forwhen receivable, interest Is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross. Expèndlture Grants and donatlons 8re occountedforwhen p8ld over, orwhen awarded. rfthat award creates a binding or constnjctivè obllgatlon on the PCC. The diocesan eommon fvnd is accounted forwhen du¢. Amounts received sp8¢ifically for mission ar8 dealtwlth as restrictad funds. All other expenditure is gènerally recognised when it is incurred and 18 accounted lor gr08& Governanc• and SupportCo8ts Support costs should be allocated bthoen governance costs and other support. Governance costs comprise all costs involving public accountability ol the PCC and r(s comp118nce with regulation and good practice. Support Costs include centrnl functions and have been allocated to activity cost categories on a basis consistentwith the use ol resources eg byallocètlng staff costs bytime spent and other costs by their usage. Flx¢d Ass•ts Consecrated 8nd ben8fiGe prop8ty is nol included in the accounts bys.10121101&{Cl of the Ch•Tities Act2011. Moveable church lurnlshings held byth8Viear and Churchwarden8 on special trust forthe PCC ènd which require a faculty for disposal 8re Inalienable propety. listed in the Church's inventory, which can be inspected lat any reasonable timel- For anything acquired priorto 2000 there Is Insufficient cost informatlon 8vallabl8 and therefore Such assets are not valued In the financial statements. No depreciation is provided on bulldlngs gs the currently estimated residualvalu¢ of thè properties 13 not18ss than their C8rryingv81ue and the remoinlng u88ful lrfe oftheso 8888t8 excggds 50 years, $0 th* any depreciation charges would be imm8terial. They are shown at cost. The Church Is subject to a Lease dated 1" November 1995 between the Llchfield Dloce$an Board of Finance and the Pccfor 99 years from 1rt November 1994 at nil rent. This Is sub-lgt to The Crossing Ltd by the PCC. 8nd the terms ore covered by an under-lease also dated 1¥1 November 1995. The Fordbrook Court properties each have 61 years remaining on their leoses while 143 Friary Crescent has 106years remainin& These leases wlll be amortised over the final 50 years of their loases. Investments Investments In quotsd shar84 traded bonds and similar investmerrts are valued iniil8lly8tcO8t ind subsequently at markotvolue at the y88r end. Investment8 held for re-sale aretreated as current asset investments. Debtors Debtors 8r8 measured on initial recognitton at settlement amount. Subs8quentlythey are measured 8t Cash expected to be received. Credltors and A¢¢ruo1¥ Creditors are measured at settlement amounts le88 8nytrade dlscounts. Accrual8 are measured on best gstimate ol thé amount required to settle the obligation at the reportingdats.
Th¢ Parochial Chur¢h Coun¢ll of Waisaii Si Paul Flnan¢lal Statements forthe yearto 31 Decembor2025 Ststement ot Finan¢lalActlvttles Unrn8trlctsd R•8trlcf•d Endowment Totsl Prloryear fvnd¥ fvnds fund funds tolallund8 Re¢olpt8 Oonation38nd Iwcles Incomefrom charitsbleacthAllas Othertr8dlng8cfjvit(88 Investments Otherin¢ome TotallnGom• 45.688 45.688 81,077 539 28,570 30,422 4.509 5,023 28,570 4.S09 7&649 78.649 117.061 Payments R8i8ingfunds EKpenditureoncharOtsbie acthrtles Otherexp8ndkiJr8 Tgtslexpendhurg 64.964 64984 40,191 84.964 40,191 N8tlneom• I l•xp•ndiiur•lY•iouK•8b•f•Mtransl•r 14686 Tranfét Gros5trallsfer3 betweenfiJnds-In Gr08Str8n8fors bthaenfund$-out Othorroea8rlsadgalnsl losJg¥ Gain5Aos598on investm8ntas88ts Gains on rev8luati0n,flxed8888t4ch8rfty'8oTr use Netmov•méni Infvrbd% 13.685 78,889 14185 13.685 76.869 Totslfund¥brouRhtloThvard 379.091 381,674 304.805 Totallundoottl8d lorward 392.Tl8 2,583 395,359 381.874 Unre8trlctsd G¢noiolFund 289.363 289,363 281.049 D•8lin8t•d Betty Gibbard L¥acy 103A13 103,413 98,042 Agen¢ycolLection MissionaryR8StrfctedFund N8arNel8hbour8 R88trlct8d Vacancysupport Restllctsd W815411 ForAII Restrlcted 1,700 566 1.700 556 1,700 556 327 327 327 Totallund• 392.776 2.683 395,359 381,674
Tho Parochial Chur¢h Councll of Walsall St Paul Flnanclal Statements forthe yaar to 31 D6¢ember2025 Balan¢e Sheet A8at 3111212025 3111212024 Flx•d 8•¥•ts T?nglbleAss8ts 282.0 282,090 282.990 Curr•nta¥¥•l• Debtors 8shA1 BankAnd In HONI 180.184 122.235 282,369 104,811 163,879 288,690 U8blllil Cr8ditors'. Amounts F8UingDu In On8Y8ar NotcurrentJt•tsl•886urr•nt iFqblW•• 282,389 26B,684 Totsi •88•ts1•8Beunntll•blUtI¢# 665,359 561,674 Ll•blllll•• Cr8dor8..AM0Uhts f8lllngdu8 aftermoroihan on8year 170.0Tr) 170,000 395,359 170,000 170,000 381,874 Totalii•t888•ts ie¥¥11obllllllls R•pv6Bent•d Unr•strlet•d Unrestrtcttd- G8n¢rg1 Fund8 289,363 281,049 D88ign8ted-BettyGibbard Leg8¢Y R•¥rf¢téd Restri¢ted- Mis$ionaryAestricted Fund Restricted- NBarNelghboursRestrict8d Rtsstrict8d-Waisall ForAII Rg8tiicr6d FundTrfII 103A13 98,042 1,700 sse 327 395,359 1.700 $56 327 381.674 Approyed bythe PCC on................ . . 2026 and signed on its behalf by: Reverend Rob Hall {Ch8irmanl {LayVice Chair)
Tho Parochial Church Councilof Walsall St Paul Financial Statements forthe yoarto 31 D8cember2025 Ststement of Assets and Uabllltle8- 2025 Clas*and nomlnalcode Gonotal Deslgnated Ro8trlet8d Endownwnt Total LBStye#r TheCrossingLtd Total FIMd A6&ét.TanObL•Ass•ts Property ratat CurnntA8a•t- Cash AtBankAnd InHand Borciays Current0457 b8rclays Property8175 C8FSpecific rpOSe 7967 CBFGeneral 2768 Tot41 Curr•ntAwt- D•btorn Ld8nto The Crossing-duewithin 1 year GiftAid debtor Loan ¢oThe Crossiry- due After > 1 year Totsl LlablUty-AgoncyAGc•unts Adencycoilectl(8 rotsl UBblUty-¢r•dl¢oY•:AmountsfaUnidu•oft•rrnor•than on•y•or Diocesan Loan 170.000 Totsl 170.000 900 900 900 900 900 900 282,090 282,090 . 282,Q90 282,090 282.090 281090 1Q659 16381 2.583 12,805 48,836 15,406 86 104050 1&239 103.413 104,139 99,630 121235 163,879 2.683 3.000 322 153.812 16Q,134 3.000 3.322 1S3,812 98.489 160,134 104011 3,000 770,000 170,000 170,000 170,000 NettotJlqsMts 289,303 103.413 2.583 395,359 381.674
Thg Paroehlal Church Council ofwaigall St Paul Flnanelal Statsments fortho yaarto 31 Dacembor2025 Statement of ABs8ts and Llabllllles-2024 CiAs$ and nomlnal ¢od• GoneMI DeB11d R•8trl¢tsd Endowm•nt Totsl L8sty••r The CrDJ¥ingLtd Total FLY A88•t.TanObieAo8•ts Property Totsl ¢urr•ntAs•t- Ci$hAt BankAnd In H8nd Barclays Cufrent0457 BOlay7 Property8175 CBFSp8cific Putpose 7967 CBF G8n8ra12768 Tot CurYeTrtA¥s•t-Debtors LoantoTh8 Cro88ing- duewithln 1 yèar GIftAlddebtor LogntoTheCro¥sIn8-#8ft0r > 1 er Tot LlwblLIty-ApncyAccounty A8enrycollection5 Total Ll4blllty-Cr•dltorn:AmwN•tslUnidua 8ftormorethanoMy••r DlocÉsan Loan 170,000 Total 170.000 UablUty-Crodrtorn:AmountsFalllngDu•ln On• Y•or Porfsh Sh8r8ArrèArs-2021 900 900 900 91JO 900 281090 281090 281090 282.090 281090 281090 47.747 11.5001 15,406 2,S89 48.836 13,888 15106 23.222 88 99,542 63349 98.042 99.630 94608 163,879 131,725 2,589 3,000 3,322 98.489 104.811 3,000 &000 3.322 3,322 98,489 67.608 104,811 73.930 14901 170.000 170.000 170,000 170.000 14,331 14K331 N•ttot4laM•ts 281.049 98.042 2.683 381.874 304806
The Parochial Church Council of Walsall St Paul Financial Ststements forthe year to 31 Decomb¢r 2025 Fund movement Summary- 2025 Fund Glbbard L8gacy Designated Sub-totsls Openlng Incomln Transfers Ge1n8lLo$ Joumals Cioslnq 98,042 98,042 5.371 5.371 104413 103M13 Ml8doH R•s Restrlctèd Sub-totats 1,700 1.700 1.700 1.700 NurN•l8tours Restri¢ted Sub-toti* 556 556 556 556 W81¥oiiForAII Restricted 327 327 327 327 Unrestri¢ted Sub-tot•lo 281,049 n.278 281,049 73,278 64,964 84.984 289,363 281303 381.674 78.649 64984 394359 Fund movement 8ummary-2024 Fund Glbb8rd L•gaoy DesignBtèd Subvtot41¥ Op•nlng Incomlng Oirtiolng Trnnsf•rs GaSnslLos$e¥ Joum81s Closlni 93.020 93.020 5.022 98.042 96,042 R88tricted Subatotsi• 1.700 1.7110 1.700 N•arN•lghbourn Restricted Sub-totsls 556 556 556 $58 W•istriiForAU Re$tri¢tgd 327 327 327 327 G•n•ro1 Unrestricted s40tl# 209.202 112.039 209,202 112,039 40,191 40,191 281,049 2B1.049 Totals 304,8OS 117,061 40,191 381.674
The Parochlal Church Council of W81$8ll St Paul Flnancial Statemonts forthe year to 31 Decembor 2025 Analysls of Incom• and expondlture Totsl Thls y•ar Unrèstrfetsd De•Tratsd RestrS¢t•d Endowment L4st yeor RECEIPTS Dongtlgn¥ondi•gael•B Regul8rgwing Loose plats collectlon& R8gulargrft dsys Gwlngthroughchurch boxe DonÈfjens 8ppe81seto Taxrecovertbleon GrftNJd Legaei88 Recuriing8rBnts Non-recurrinÈ one.off grnnt¥ Otherfvnd$ E¢n¢ffj¢od Donotlons and l•ycle¥Tol• Ineom• fromehgthabl•actM¢I•• Feesforweddlngs andtunerats Incom•troM #halltabaetlYlll0I T¢t• IXhertrndlnKifvitlès Prepety Rent8ls Olhirkn¥dlngoet1¥ltl8•T8l• Ilwtts B8nk and building3ocietyinier08t Inv•8tm•m8TotsE8 R•oolW GMrtdtoia18 19,488 7,503 3,900 1,315 19.488 7.503 3,900 1.315 18,836 4.284 2.285 1.659 60 4570 48,755 6,057 6.057 863 863 5.642 300 620 44.826 3W 620 639 45.688 81,077 863 539 839 11181 28.570 28,570 28,570 30.422 2870 30,422 5,023 4.509 S.023 78m49 117.061 4609 4371 73.27 PAYMENTS ExpondIr00cfvaI1lalA9 athhl•• ChBrit8ble GIMng Mlni5tryperish 8h8rtstttr Common Fund arrearswrito oft WotkingeKpens88c4incumbent Vlcar8ge8xpenses Educatlon P•rf$htrainlng8ndmisslot) Church office-photocopier Org8nlpianotuning Church m8lnteTr8nce Clpanltvd Upkeepof Admini&tr8tion Hospitality Church running- eiectrfc 7.228 Prop8rtyco8ts 15.111 Gov•rn8n¢0¢0Sts examlnatlonlaudhle8 3SO Church mpjor repgir¥- in¥tsl(Jfjon 1,300 EXpendIOn chltsbleactSvltl Totals Paym8nts¢3rondtotal¥ &785 23,656 8,785 23,658 6.056 23,192 114.3311 678 78 81 679 679 100 100 S40 80 73 553 6.186 553 6.186 148 7.228 15,111 350 1.300 573 265 153 8.172 14.519 59 64,964 40,191 64.964 64.964 64964 40.191
Tho Parochl8l Church Coundl of Walsall St Paul Not8$ to the Financlal Statements forthe year to 31 December 2025 Staff costs The PCC does not employ any staff. Foes forthe examlnation of the accounts 2024 2023 Independent Examlneffs fees Otherf•ès pald to the Indep¢ndent Ex8miner 350 350 Tangible Flxed Assots Fioohold Bulldin$s Ch+Jr¢h Equlpment Total Cost orvsluatson As811stJ8n Additions In the year Disposal in the gar Revaluation Ilf any) Value at 31st D•c 282,090 282,090 28Z090 282,090 Acoumulated Depr8ClOtion Asat1stlan Char efor tho year Disposols Value at 318t Dec Net Book Vglue at 1stlan 2024 Net BookV#luo at 31st D¢c 2024 282.090 282,090 281080 281090 The PCC owns the leasehold of 5 let properties at 9 Fordbrook Court. 20 Fordbrook CourL 23 Fordbrook Court, 29 Fordbrook Court and 143 Priory Crescent. They also own 50 % otthe leasehold of 14 Fordbrook Court. All ofthese propert18s are shown in the Accounts at cost.
The Fordbrook Court properties each have 60 years remaining on their lease, whilst 143 Priory Crescent has 105 years remaining. These leases will be amortised over the final SO years of their leases. Fixed Asset Investment8 Change in m8rk value At31st Dec At13tlan Addltions Disposals Translers Unrestricted funds The Crossing 900 900 Total 900 900 The PCC own 900 shares of 21 each in St Pauls, The Crossing Ltd. Debtors 2024 2023 Ou¢thIn l yeAr Grft aid recoverable Loan to The Crossing 3,322 3.322 3,000 8,322 6,322 Due oftor > 1 y•8Y Loan to The Cro$slng 98A89 87,608 Totsl 104811 73,930 Liabllltles a. Amounts f811ingdue in oneyear 2024 2023 Dioc8san Common Fund. 2021 Othercredltors 14.331 Tot•L 14331
b. Amounts falling due after more than one year 2024 2023 Loan 0thercredrS 170.000 170,000 14901 Total 170.006 189.510
The Parochlal Church Councll of Wal8all St Paul Flnan¢l8l Statements for the yearto 31 Decombor202S Comparatlve Statèment of Flnan¢lalA¢tivltias- 2024 Unrestrtctsd Restrlctsd EndoMnent knal Prforyear funds fund8 fvnd$ funds totalfund8 Roc•lpt• Donation$ and lègacit$ Income from charitableactiMtle8 Otherrradin88Ctlvrtt88 nve&rm8nts Olher ncOme Total In¢om• 81,077 539 30,422 S.023 81,077 26,984 539 304 30,422 30,833 5,023 2.938 117,IX1 117,061 81,059 Paym•nts R8i8ingfunds Exp8ndlture on char5tsb18 actlvif6e$ Otherexpèndltura Totsl•xp•ndl¢urn 40,191 40.191 84953 40,191 40,191 64,è53 N•t Imcom•ll•¥p•ndllur•l tr•ntsl•r 7&869 Tranthrs Gro$stransfers beThveenfunds-In $strBn&fers be99nnds-out 1)th•rrn¢ol¥•d v1nsllo Gainsn055e5 on investment 8sset8 G8kn8 on r8valuation. fix8dass8Éh&Iity,a ownu88 N•t movom•ntlnfurbd¥ 74869 13.8941 13061 78,869 76069 130941 Totsllund8bM4htf¢Ird 301222 2.583 31805 301699 TotaLlunds oarrl8dforward 379.091 2,583 381.874 W05