FI*.4NC-I..IL.ST.4TF.fvIEJTS Ob THE I)RDSI.F.I- P.IROC-III.-IL C-111 RCH ("()I-jCII. FI)R THE I'F.AR F.NDEI).II' DECF.11RF.R 2112.1 B R Hmbble AFA MIPK CMI 17 HiEts Stree¢ Wall Htxth W¢J¢ Midknmdj DY6 OHB
INDEPENI)FNT EMMINER'S REPORT TO THE WORDSLEY TEAM PAROCHIAL CHURCH COUNCIL J report to the m¢MrS of the Wor(LslL'y Tcarn Parochial Church Council CC) on my examinaiion of the accounts for the year ended 31" December 2023. Responsibilities and basix of reprt As the members of ihL PCC you are r¢stK)Dsible for the PTeparatiun of the accounts in accordan¢¢ with the requirements of thc Charities Act 2011 ('the 2011 Act,). You consider thal an 4udit is not required for this yeaT under section 14412) c)t-the 2011 ACL ana that an independent examination is nee(kd. It is my resry)tLsibility to: Eqmine the accounts UDder section 145 of ihe 2011 Ad: Trollow the prffedures laid down in the Cal DITtionS givcn by the CluLty Commissioners scclion 14515Xb) of the 2011 Act. and stst¢ whL'thLT particular nmtters have com¢ io my attention. Bxryis of kndependeDI ex*miner's Jtatement My examination w&8 carried out in accordance with the Cienernl Dircctions given thc Lhariiies CommissAOn. An examination inclth a VIeW ofthe accouDIAog rec4)rds kept by the PCC and L()mparison of thoyL' acciiunts psent¢d with thosL' rtxords.. It also irKludes cansidcration of any Unusu items or disclosures in Ihe accounts. and sceking explanations from thc PL(.. coneeminbi such nttc "IThL' proLedures undcrtaken d(J not providc all the evidence that would required in a lull ¥udiL and eonsequcntly I do not express an audil opinion on the accounts. Indepetsden¢ ¢mIner'S J(atemeDI I have completed my examinalion. I that no malerial mall¢r hav¢ come lo rny atleTtti()n in connection with examination gAving ML caube to lieve thai in any maLLYidl r¢sp¢ct: l. Accountin¥ records were not kepi in res¢ of the activities ol.the Church &8 r¢quire(J by section 130 1)f¢k Act. or 2. The accounts do nol [d with those recor(L¥. I have no concenL8 and have con across no other mailerth in rA)Dnection with the examination to which attention should drnwn in ihis [Crt in order to enable proper understanding of the accoutts lo reaLhed. B R Hubble AFA MIPA, CMI Clover Accountsmcy Limited 17 High Street Wall Heath KingswiDford West Midlands DY6 OHB 3rd April 2024
WORDSLEY PAROCHIAL CHURCH COUNCIL BALANCE SHEET AS AT 31 DECEPABER 21r23 2023 2022 FIXED AS8Ers Invojlmonts 70597 CURRENT ASSETS Accru•d InMm• Short temi depo•its Cash at bank 5858 14841 53855 74554 76222 94493 LIABILtTIES Amounts falllng du• wlthln on• y¢•r 2911 NET CURRENT ASSETS ILIABILMES) 1582 NET A88ETS 136274 45530 FUNDS Unr••tricted R88trlcted Endowment 521KA8 65186 54344 52869 9W24 2747 136274 45530 Approv•d by tho Pari•h Churth Councll < Chalrman Date 24/ufr/z4r
STATEMENT OF FINANCIAL ACTlVtnES FOR THE YEAR ENDED 31 DECEMBER 2023 Totsl FU1$ Fd5 Fun&8 21)23 2022 IDcoffliD% resourrts froth dollr5 Otber vol¥nt4ry ineowJig rtsourres 1Come from ¢htrllblt iTrci114ry trAdi Other ordlttlry 1COMiNg resourtt5 In¢om¢ froTn inveytm¢Dts INcomt fr(Jm Covlrf Grants 731 2601 7767 75791 73357 21241 12935 42630 557J4 iiio 13474 4?630 2048 1732 10452 21 Tothl IDcomin¥ Rtsources 1342 417 Used Gr¥uts Activitles to tht work oftht ¢hYr¢h Chureh man•%¢meDt And dmi•istratkn• MlscellAneous ¢xpeJu¢s Church Ilall 2850 4208 2930 7238 128241 109196 19145 112126 19145 1755 17195 12815 Ti)tAI Rtsoqreej Used 1467 889 7498 Net IntomlvW(t8oITh1) RerS -15443 1475 -12178 G•imSl(Iw) OD IDV¢Stmeots: VDrt•JlJed 2263 2449 4712 4818 Net moVeent Fundi -13180 1475 2449 -9256 Bal•nces broDzht forward 1 01.Ola022 65186 52169 27475 145&MI 141617 Prlor Ytar AdJ¥Jstments 22879 B4lAntts ¢•rrled fornrd *t 31.12.2022 5211 9924 44 145530 274
WORDSLEY PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEME]YTS FOR TUE YEAR ENDED 31.%1 DECEMBEK 2023 I. ACCOUNTING POLICIES Gen¢rl In accordanc¢ with th¢ Chariti¢s 2011 a1 the CIwTch A¢couniing Regulation8, together with applicable accouDting stand. the binancial Statemen1% for ihe year ended 31., December 2023 haNe prepared on the accnd b&8iS. FUNDS Cyenerat tunds repre5cnt the of the PCC that are not subject lo any rc%trictions on ih¢iT i. and are available for application OD gcoera] purp)w ol.the PC.C. Other funds which havc dcsiwmtcd for a particular pur¢< by the PC.C are also unreslricted. Restriit¢d and Endowni¢nt funds a funds ihat m$1 be applied for a particu]ar purpose thai has been designated by an authority, or appli¢ion of law other than thc PLL.. INCOMINC RF.SOIJRCF.S Voluntary Income aDd Capital Sources ColltIOnS are reeo8nl9 when received by or on bthallof the PCC. Planncd ving receivable under covenant is recognised upon r¢eeipl. Income T&x recovernble under Gift Aid'fax is recognised when it rlS due. Grants and Icgacies the PCC are accounled for when the PCC is notilied of ils l¢gal entitlement to the amount so due. runds raised by sclaI Fund Raising events are xcountal for gro. Other Ordinary Income Rental Income from the letting of Church PTemises. includinb the Cburch Hall, and other misccllancous incomc is Tecognised &s the incorne falls lo be due. Income from Inveslme•ls Dividellds and interest on investhients are accounted for when receivable. GYd4JJ xnd I5$ on IDv¢sIMents Reaiised gains or losses are realised uwn the sale of the inveslmenL Unrealiscd gains or losses are &couuted for on revaluation ofthe Inves1nts at the year end.
WORDSLEY PAROCHIAL CIIURCH COUNCIL NOTES TO THE FIIYAIYCIAL sfATEMEIYfS {¢onti*ued) FOR TIIE YEAR ENDED 31st DLCLMIIER 2023 RESOURCFS USED Artivities directly relating to the work frf the Cbur¢h The Diocesan Quola is shown An thc accounts is the amount payable relating to th¢ ounting year 2023. FIXF.D AErS Conxeerated Lgnd gnd BuildiD Consecrnted and IKn¢fi¢¢d Proty is VAcludcd from the Ac£ounts by the Charities Act2011. Movegbk Church FurnishlD%s No valuc is plac¢d on Moveablc Church Furnishings held by the Churchwardcns on a special trnst for thc PCC, and. which require a faculty lor their diswsal. as the PL COIL8ider ihis to inalienable pTrIrty. All expenditure incurrcd during the ycar on conrated or Benefice Buildings, and Mov¢able Church I,urnishings. whcthcr maintcnancL' or irnpr()vement, ar¢ writien off &8 extKnditur¢ in thc Statcm¢nl of tr"inancial Activilies and scparately di.sclosed. nvestments tnvcstmcDts are shown at their Markct val at the 31. Decemkn 2023. CURRENT ASSFT,8 Amounts duc to thc PCC at 31 DeccmiYr 2023 in of outstsnding fees, rents or other income are shown &s debtors, any provision for amounts that may pmve uncollectable. Shvrt l¢rm dcposits include c&8h held on desIt el with the CBF Cburch of England funds or at the bank. coNriNGEiYf LIABJLITIES No conlingenl liabilities hav¢ b¢cn providcd for at thc ycar end.
NOTES TO ThE FINANCIAL STATEMEpifs (contknued) FOR THE YEAR ENDED 31 DECEMBER 2023 2 INCOMING RESOURCES Funds 2023 2022 2A Incoming resources dooors PIAnned givin%: Gift Aid Offerings Inforne Tix retovtr¥blr on c•Jvem••ts Colkc¢8 {opeo Pl¢¢) 1 •ll s¢tvk¢s 53541 14190 5459 53541 53729 16791 15072 5459 4556 2601 73 IS¥) 791 2b C)¢her YO11ry Ta¥¢04 Fyfyd nlsiBI Dollations $Trd leycles 99T2 3502 9972 11269 6447 6488 7767 474 21241 935 2¢ Income from ¢harlt* If•d 17582 25fy18 17582 22970 2504 32764 57 42630 L 2d Olher ordlD•ry Mi5ceNaveDus 2¢ Ineornt fro• i•vt¥¢m¢•ts Dividends aDd intorejt iAtludiAE IIy rl#l£d tax 1732 2f Gov¢rDmelll Covid C¥r•nls Chureh Hall 5Pport Grznts 10452 TOTAL 1342 14171• 1 5320
NOTES TO THE FINANCIAL STATEIIENTS (COlu•d> FOR THE YEAR ENDED 31 DECEMBER 2023 3 RESOURCES USED Fur¥J$ Funds" 2023 2022 3a Gr••ls •nd tharitsble iÈvl4g: Home mlssiort$ aod otber soeltii 420 7238 3b Atllvitiu dirtetty rdlin% to the wwk of ¢htC&•ffk Mknlslry: DloeeJD q•ot• 60363 4168 918 11866 60363 61243 4168 918 1654 11866 10882 10016 859.5 6349 22459 5299 6780 6800 5425 1186 2414 161 2346 Clery txpeotts InSrAnce Ch¥rrh ex¥nses Church mAllll¢Jl•Jl¢t r%nbt & Ver8¢r Upkety ofch•r¢hy•rdJ OrR¥Jfj repAirs music Wonbip 8nd evn%eliJ•b 6349 5299 416 770 21 2930 3e Church th•na8ement tsd 41mimiT¢Tr¢lo Seeret•rtl orrKe AdNlnlstrtM) Feel aDd ¢hr¥ 12479 4169 498 19145 12479 15968 4169 611 2498 2476 1914 3d MthllaDeouJ txpeoJE¥ 154 3e Chureh Hall HJII rnAtting 15440 12815 1755 17195 12815 1755 1755 TOTAL RESOURCES USED 146785 155678 107497
WORDSLEY PAROCHIAL CHURCH COUNCIL Y40TES TO THE FINANCL4L STATF.MEIWS (conliDued) FOR TIIE YLiR ENDED 31 DECEMBER 21123 STAFF COSTS 2023 2022 Wages and salaries 12479 15968 lkning the yfdr the PCC employed a secretary. a Clea[ and v¢rgers none of w1M werc remunerated at the rate of£,0[) per annum or more. No rnemlrr of the PC.C, other than meMrS of th¢ Ministy Team. received any reimbursemcnl of exp¢nscs or rcmunerdtio INVESTMEN Shares held in the Central Buard of Financ¢ Investsnent funds . Market Valu¢ 2023 2022 2447.90 Shares 0 2260.53 per.8hare 49342 AIYALVSIS OF SErS BY FUND Unreslrided Restricted F.ndowment Tolal Funds Fu]Mls Fixed A&8CtS- InvesthK 25412 29924 55336 Current Assets 35471 54344 89815 Currenl Liabilities 877 -8877 FUND BALANCE 521M16 29924 136274
WOLEy PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENfs {eontin•ed) FI)R THF. YEAR F,NDED 315f DFLEMBER 2023 DEBTORS 2023 2022 Clift Aid Tax Recoverabl¢ 5858 828 LIABITATIES Amounts falling WAthin one year. Diocesan Quola 5030 AccnlS 3847 2911 Creditors 877 21600 FUND DETAILS The UDr¢stri¢ted Fpndj ¢ornpris¢ exce&s shares held as Inv¢slmcnts, the General and Church Ilall Trunds. which are not subjLYi Iv any reslri¢tioD5 regarding their use. These funds are available for applicalson on general puryx>scs ofthe PCC. The Restrieted Funds consist or.. Thc Windows Fund - set up lo provide for the repair and mainlenanc¢ of the ChuTLh IWu0w The Restoralion Futul - for th¢ llmintenance of the Church Buildin¥ and rabric. The Endow¢( Funds comprise a numlrr of iwuests requiring the income and fiu]ds to be applied eith in general use or Churchyard maintenance.