2020-12-31-accounts

REGISTERED CHARITY NUMBER: 1127338

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2020 for

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH

(St Martin in the Bull Ring)

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH (ST MARTIN IN THE BULL RING)

Contents of the Financial Statements for the year ended 31 December 2020

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH

Report of the Trustees for the year ended 31 December 2020

(ST MARTIN IN THE BULL RING)

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The trustees present their annual report and financial statements of the charity for the year ended 31 December 2020. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015).

OBJECTIVES AND ACTIVITIES

Objectives

The Parochial Church Council's objective is promoting, in the ecclesiastical parish, the whole mission of the Church.

Public benefit The public benefit is served by the provision of public worship to which all are welcome, providing pastoral care, teaching, and carrying out the work of evangelism empowered by Discovering the Heart of God in the Heart of the City. When planning its charitable activities for the year, the Trustees have considered the Commission's guidance on public benefit.

Grantmaking

Decisions on grant making from unrestricted funds are made by the PCC taking account of previous giving and congregation input and the vision and mission of the Church.

Volunteers The organisation is reliant on substantial voluntary contributions in the form of time. Because of the difficulties in quantifying these gifts their financial effect has not been quantified.

ACHIEVEMENT AND PERFORMANCE

Rector’s Report

No-one could have foretold the challengers that have had to be faced during 2020 as a result of the catastrophic world-wide spread of the coronavirus and its impact here in the UK. The cost in terms of loss of life; physical, mental, and emotional suffering; severe restrictions on daily living; the impairment of human interaction; the economic consequences; and the curtailment on our worship and other church activities have all been immense. The impact of the virus continues to be far-reaching, and forward planning remains extremely difficult.

In all this it has been essential for us to hold confidently to our faith and trust in God: "The Lord is my rock, my fortress, and my saviour; my God is my rock, in whom | find protection. He is my shield, the power that saves me, and my place of safety" Psalm 18:2

Equally it has been imperative to seek the Lord's wisdom and to be obedient to His Word: “Anyone who listens to my teaching and follows it is wise, like a person who builds a house on solid rock. Though the rain comes in torrents and the floodwaters rise and the winds beat against that house, it won't collapse because it is built on bedrock." Matthew 7 v24-25

In this way, it has been possible for St. Martin's to survive the storms and floods, and to brace ourselves for more inclement weather to come. By the grace of God, mission and ministry have continued - and in some aspects flourished. Worship has not ceased; pastoral care has continued; God's Word has been taught; and prayer has been persistently and creatively offered.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH

(ST MARTIN IN THE BULL RING)

Report of the Trustees for the year ended 31 December 2020

ACHIEVEMENT AND PERFORMANCE (Continued)

Rector’s Report (Continued)

There is much to be thankful for:

• e the outstanding hard work and decision making of the Finance Forum/Committee, and the Standing Committee, backed by the Parochial Church Council

• e wide ranging communications to help us 'Stay-Connected' through regular phone calls, letters, e-mails, social media and Zoom technology

• e over 70 online services made available through YouTube with about 100 different people participating

• regular gatherings and activities for our young people via Zoom

• e Growing Roots groups enabling over 40 people to share in weekly bible study

• e Share-a-prayer ensuring prayer for pastoral concerns can be shared by a team of about sixty people with 24 hours

• e dedicated teams of welcomers to enable the church premises to be safely opened for private prayer, with 200-300 weekly visitors into the church throughout the Autumn

• e weekly online gatherings for prayer have been well-supported e — financial giving by regular donors has increased for the first time in many years

• e the strengthening of our team with the arrival of Revd Matt Churchouse to serve his curacy at St. Martin's, and the appointment of Revd Ivor Lewis as Assistant Rector with a remit to focus on evangelism and mission. Also, Revd Abba Tiruneh Tafese was awarded his Common Licence for ministry in the Church of England and will be staying for at least another year to focus on our city centre mission.

As in all severe storms there has been damage. Our accounts will showa significant underlying deficit with many of the regular activities that would normally happen just not possible within church premises. It has also been necessary to undergo a major staff restructuring, forcing us to make five members of staff redundant, and cutting the hours of others. We give thanks to Ali Arab, Sue Dale, Gary Deeming, Jagruti Rana and Tim Roberts for their faithful service to St. Martin's over many years. The whole staff team are to be commended for their grace and understanding through this difficult process, and for their ongoing flexibility with many on furlough or partial furlough.

Lastly, in the last few years, St. Martin's has been greatly blessed by the bequest of generous legacies from former church members. In a manner reminiscent of the biblical story of Joseph during the famine in Egypt, these generous legacies will enable us to survive the ‘lean years' and create some leeway as St. Martin's continues to robustly review our resources and seeks to ensure financial expediency moving forward.

Revd Jeremy Allcock - Rector

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH (ST MARTIN IN THE BULL RING)

Report of the Trustees for the year ended 31 December 2020

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FINANCIAL REVIEW

Financial review

During the year, the Charity secured recognised revenue funding of £413,372 (2019 - £478,119). £299,217 (2019 - £350,227) relates to collection of donations and grant for regular activities. £43,731 (2019 - £124,251) relates to revenue from commercial activities. The costs defrayed in the year in delivering the charitable activities and support costs were £368,900 (2019 - £405,481). The Charity's investments suffered an unrealised loss in market value of £12,499 (2019 a gain of £7,417) during the year, leaving a surplus of £31,973 (2019 - £80,055). Total reserve funds are £262,043 (2019 - £230,070), which the Trustees consider adequate to support the charity's ongoing objectives.

The Charity was adversely affected by the advent of the Covid-19 pandemic in the early spring of 2020, which has severely curtailed the operating activities of the Charity and its income generation capabilities. The Trustees have availed the Charity of government assistance via the Job Retention Scheme and undertook a review of reserves and operating costs with the unfortunate outcome of undertaking a restructuring process and some necessary redundancies. The Trustees had prepared an operating budget for 2021 based on a gradual re-opening from the beginning of year but due the continued lockdown and social distancing restrictions this will need to be reviewed in June/July 2021. The Charity is currently operating with significant support from volunteers and will continue to be solvent only by modifying some of its activities.

Principal funding sources

The Charity's funding comes primarily from regular church giving, donations and grants - including a grant for the administration of salaries, £79,912, from St Martin's Trustees. The Charity also usually generates revenue from commercial activities such as room hire and tea lounge takings. The tea lounge closed in March 2020 and there are currently no plans to re-open. It is hoped that income from room hire and building lettings will re-start in the latter half of 2021.

Investment policy and objectives

Investments are made with a view to maintaining the underlying value of the capital.

Reserves policy

It is the intention of the PCC to retain sufficient reserves to maintain the activities of the church allowing for the income on which they can reasonably rely. It is recognised that the level of reserves has been depleted gradually across a number of years and it is the aspiration of the PCC to seek to return these to a more commensurate level. Some funds are invested in a portfolio of stocks and shares. Cash is deposited with the Central Board of Finance of the Church of England and CAF Bank. Some of these Funds are restricted or designated as shown in these accounts. The balance is part of the General Fund and is drawn down when necessary, as the cash flow requires.

Going concern

The accounts have been prepared on the basis of being a going concern. The Trustees confirm that they have taken into account all available information about the future for at least 12 months from the date the accounts were approved and conclude that there is no uncertainty relating to going concern.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH (ST MARTIN IN THE BULL RING)

Report of the Trustees for the year ended 31 December 2020

FINANCIAL REVIEW (Continued)

Finance & Staffing Committee (formerly Finance Forum) Report

We are immensely thankful to God and to our Church family for the provision to St Martin's during 2020. We ended 2020 with a surplus of income over expenditure of £31,973. This included a substantial legacy, without which we would have ended with a deficit of £36,927. At the early stages of the pandemic we were concerned that there would be a much higher deficit. Specifically, we are thankful for

• e two substantial legacies, one in 2019 and one in 2020, from long-standing and committed members of our Church family which have given the PCC space and support to consider changes to our structures and assisted the Church in dealing with the challenges of the pandemic.

• ° regular giving increasing from £70,412 to £77,686 despite the fact that we were not able to meet in person for a large part of 2020. Thank you so much to the Church family for this.

• e the graciousness of our staff team during a review process which resulted in 5 members of the team being redundant and the closure of the tea lounge.

• e the Government furlough scheme which has paid around 80% of the salaries of staff when the Church building had been closed or severely limited in its day-to-day operations.

• our volunteers including all who have supported and encouraged one another in our walk with God when we have not been able to meet together as we would like and who have helped with the opening of the building and with financial and office matters when staff have been on furlough.

Please continue to pray with the committee that

• e the finance serves the mission and ministry of the Church

• ® we are good stewards of what God provides and for wisdom in 2021

• e through giving and lettings and our other sources of income, God will continue to provide the resources we need to serve Him and our community, encourage and enable one another in our discipleship and facilitate the advancement of His Kingdom, Including resourcing evangelism and mission in the city centre and supporting the work of the Kingdom ofGod[in][Birmingham][and][further][afield.]

Following the 2020 APCM the Finance Forum was renamed the Finance and Staffing Committee, Stephen BlairChappell stepped down as Chair, although continuing as a member, and the PCC confirmed lan Baker as Chair with Katie Day joining the team. The other members are Jeremy Allcock and Clare Allcock, whose accounting expertise is invaluable. We are very grateful for the service over many years, including a period as Chair, of Lachlan Smith.

lan Baker

Chair of Finance & Staffing Committee (from 21 October 2020)

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH (ST MARTIN IN THE BULL RING)

Report of the Trustees for the year ended 31 December 2020

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STRUCTURE, GOVERNANCE AND MANAGEMENT

Governance The Parochial Church Council of the Ecclesiastical Parish of Birmingham Parish Church (St Martin in the Bull Ring), otherwise referred to as the PCC in this document, is registered with the Charity Commissioners (Registration No. 1127338). The Charity is governed by the Parochial Church Council Powers Measure (1956) as amended and Church Representation Rules.

Recruitment and appointment of new trustees

Members of the Parochial Church Council (Trustees) are elected at the Annual Parochial Church Meeting. They hold office for a period of up to three years and are eligible for re-election for a further three years.

Organisational structure

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are spent. The PCC are supported in this process by its sub-committees and working groups.

The day-to-day management of the charity is led by the Rector, with the active support of the clergy team, churchwardens, staff, and key volunteers.

Induction and training of new trustees

New members receive initial training into the workings of the PCC.

Pay policy for staff The trustees consider the members of the PCC, who are the charity’s trustees, and the clergy team as the key management personnel of the charity. All trustees give of their time freely and no trustee received remuneration from the charity in the year. Staff pay is reviewed annually by the Finance & Staffing Committee and normally increased in accordance with average earnings. There is a commitment that no staff will be paid less than the 'real living wage’.

Related parties St Martin's Centre for Health & Healing is an associated charity.

Risk management

The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate any significant risks.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1127338

Principal address St Martin in the Bull Ring Edgbaston Street Birmingham B5 5BB

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH (ST MARTIN IN THE BULL RING)

Report of the Trustees for the year ended 31 December 2020

REFERENCE AND ADMINISTRATIVE DETAILS (Continued)

Trustees Revd Jeremy Allcock Rector Revd Elsie Blair-Chappell Self-Supporting Minister Revd Matt Churchouse Curate from 19.9.20 Revd Ivor Lewis Assistant Rector from 25.2.21 Dr Rachel Jepson General Synod/Chair from 21.10.20 Mr Stephen Blair-Chappell Churchwarden Ms Alison Haywood Churchwarden (from 21.10.20) Ms Nazli Yacoob Churchwarden - resigned 8.7.20 Ms Emma Atkins Deanery Synod Mrs Jean Jepson Deanery Synod Mr Martyn Ursell Deanery Synod - resigned 20.1.20 Mr John Gerighty Reader Mrs Marion Woodward Reader Mr Malcom Atsou Elected - resigned 22.9.20 Mr lan Baker Elected/Chair until 21.10.20 - term expired 21.10.20 Mrs Bridget Cameron Elected Mrs Linda Cooper Elected Ms Katie Day Elected Mrs Nellie Gerighty Elected Mrs Lorna Honick Elected - term expired 21.10.20 Mr Paul Honick Elected - resigned 21.10.20 Mr Derek O'Dowd Elected Mr Colin Walker Elected Independent Examiner Birgitt Saunders FCCA ACA Stanley Yule Chartered Accountants Waterside House Waterside Business Park 1649 Pershore Road Birmingham West Midlands B30 3DR Bankers Lloyds Bank Plc CAF Bank Ltd CCLA Investment Management Ltd New Street 25 Kings Hill Avenue 80 Cheapside Birmingham Kings Hill London B2 402 West Mailing EC2V 6DZ Kent ME19 4j5Q

Approved by order of the board of trustees on 9 May 2021 and signed on its behalf by: iN

Revd Jeremy Allcock — Trustee Rector

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Independent Examiner's Report to the Trustees of The Parochial Church Council of the Ecclesiastical Parish of Birmingham Parish Church ee="

Independent examiner's report to the trustees of The Parochial Church Council of the Ecclesiastical Parish of Birmingham Parish Church

| report to the charity trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of Birmingham Parish Church (the Trust) for the year ended 31 December 2020.

Responsibilities and basis of report

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

{report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination | have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. | can confirm that | am qualified to undertake the examination because | ama registered member of FCCA ACA which is one of the listed bodies.

| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• 1, accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Birgitt Saunders FCCA ACA Stanley Yule Chartered Accountants Waterside House Waterside Business Park 1649 Pershore Road Birmingham West Midlands B30 3DR Date: i a 1

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH

(ST MARTIN IN THE BULL RING)

Statement of Financial Activities for the year ended 31 December 2020

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|||||||||| |---|---|---|---|---|---|---|---|---| |2020|2019| |Unrestricted|Restricted|Total|Total| |funds|funds|funds|funds| |Notes|£|£|£|£| |INCOME|AND|ENDOWMENTS|FROM| |Donations|and|legacies|2|184,521|114,696|299,217|350,227| |Other|trading|activities|3|43,731|-|43,731|124,251| |Investment|income|4|3,068|-|3,068|3,641| |Other income|5|63,081|4,275|67,356|=| |Total|294,401|118,971|413,372|478,119| |EXPENDITURE|ON| |Raising funds|6|47,248|-|47,248|75,329| |Charitable|activities|7| |Charitable|grants|7,250|-|7,250|7,250| |From|other|collections|and|activities|-|358|358|=| |Birmingham|Diocesan|Common|Fund|97,481|:|97,481|76,206| |The|Ministry Team|1,038|4,275|5,313|2,820| |Church|and|services|60,039|1,905|61,944|79,725| |Other|51,465|97,841|149,306|164,151| |Total|264,521|104,379|368,900|405,481| |Net gains/(losses)|on|investments|(12,499)|-|(12,499)|7,417| |NET INCOME|17,381|14,592|31,973|80,055| |Transfers between funds|19|(2,050)|2,050|z|-| |Net movement|in|funds|15,331|16,642|31,973|80,055| |RECONCILIATION|OF|FUNDS| |Total funds|brought forward|224,351|5,719|230,070|150,015| |TOTAL|FUNDS CARRIED|FORWARD|239,682|22,361|262,043|230,070|

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The notes form part of these financial statements

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH

(ST MARTIN IN THE BULL RING)

Balance Sheet 31 December 2020

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|||||||| |---|---|---|---|---|---|---| |=| |2020|2019| |Unrestricted|Restricted|Total|Total| |funds|funds|funds|funds| |Notes|£|£|£|£| |FIXED|ASSETS| |Tangible|assets|14|6,896|=|6,896|9,003| |Investments|15|56,586|-|56,586|69,085| |63,482|-|63,482|78,088| |CURRENT ASSETS| |Stocks|16|=|-|:|1,469| |Debtors|17|11,151|2,500|13,651|17,700| |Cash|at|bank|180,230|20,785|201,015|156,446| |191,381|23,285|214,666|175,615| |CREDITORS| |Amounts|falling due within one year|18|(15,181)|(924)|(16,105)|(23,633)| |NET CURRENT ASSETS|176,200|22,361|198,561|151,982| |TOTAL ASSETS LESS CURRENT LIABILITIES|239,682|22,361|262,043|230,070| |NET ASSETS|239,682|22,361|262,043|230,070| |FUNDS|19| |Unrestricted funds|239,682|224,351| |Restricted|funds|22,361|5,719| |TOTAL FUNDS FUNDS|262,043|230,070|

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TOTAL FUNDS FUNDS

The financial statements were approved by The Parochial Church Council - the Board of Trustees and authorised for issue on 9 May 2021 and were signed on its behalf by: \

Revd Jeremy Allcock - Trustee

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PaecklM. & NAO
Ps i Jepson - Trustee
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The notes form part of these financial statements

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH (ST MARTIN IN THE BULL RING)

Notes to the Financial Statements

for the year ended 31 December 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The trust constitutes a public benefit entity as defined by FRS 102.

The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of ireland’:

• the requirements of Section 7 Statement of Cash Flows.

Reconciliation with previous generally accepted accounting practice

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS102 and the Charities SORP FRS 102 a restatement of comparatives items was needed. No restatements were required.

Income

All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

Voluntary income and capital sources

Planned giving, collections and donations are recognised when received. In the event that a donation is subject to conditions that require a level of programme before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the Charity and it is probable that those conditions will be fulfilled in the reporting period.

Tax refunds are recognised when the incoming resource to which they relate is received.

Legacy gifts are recognised on a case by case following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date and the PCC is legally entitled to the amounts due.

Grants are recognised under the performance model and recognised when received or receivable where there are no performance-related conditions.

The organisation is reliant on substantial voluntary contributions in the form of time. Because of the difficulties in quantifying these gifts their financial effect has not been quantified.

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Notes to the Financial Statements - continued for the year ended 31 December 2020

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH (ST MARTIN IN THE BULL RING)

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1. ACCOUNTING POLICIES - continued
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Income (Continued)

Income from trading activities Sales from the Tea lounge are accounted for at the point of delivery and are stated net of applicable VAT. The Tea Lounge ceased trading in the financial period due to coronavirus restrictions.

Room and church hire is credited in the period to which the hire relates.

Income from Investments Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of[the][dividend][due.]

Gains and losses on investments Realised gains or losses are recognised when investments are sold.

Unrealised gains or losses are accounted for on revaluation of investments at balance sheet date.

Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Expenditure is accounted for net of VAT. Irrecoverable VAT is charged to the Statement of Financial Activities in the period in which it is incurred.

The charity deregistered from VAT from 1 December 2020, from that date all expenditure is accounted for gross. Cost of raising funds

The cost of generating funds includes the direct costs of the shop and tea lounge and other occasional events.

Charitable activities The costs of charitable activities includes the direct costs of the ministry of the parish excluding clergy salaries which are not a charge on the PCC.

Contributions to the Birmingham Diocesan Common Fund are accounted for when due. Any part unpaid at the balance sheet date and which is to be paid in a later period is provided for in the accounts as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.

Grants payable

Grants and donations are payments made to third parties in the furtherance of the charitable objects of the Charity. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award and is accounted for when paid over, or when awarded, if that award creates a constructively binding obligation on the PCC. Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH (ST MARTIN IN THE BULL RING)

Notes to the Financial Statements - continued for the year ended 31 December 2020

als ACCOUNTING POLICIES - continued

Tangible fixed assets

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is excluded from the accounts by s.10 of the Charities Act 2011.

Moveable church furnishings held by the incumbent and churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for as inalienable property unless consecrated. They are listed in the Church's inventory, which can be inspected (at any reasonable time). For inalienable property acquired prior to 1 January 1998 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Items acquired since 1 January 1998 have been capitalised and depreciated in the financial statements over their currently anticipated useful economic life.

Fixtures and Equipment

Fixtures and equipment, other than moveable church furnishings, are depreciated so at to write off the cost of each asset over its expected useful life.

The rates currently in use are:

25% per annum for information technology equipment

15% on the reducing balance or 15% per annum for other equipment.

Individual items of fixtures and equipment with a purchase price of £500 are capitalised and valued at historical cost.

Fixed Assets Investments

Investments are a form of basic financial instruments and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The Statement of Financial Activities includes the net gains and losses arising on revaluation and disposal throughout the year.

Realised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent on the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activities.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in note 18. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund.

The financial statements include all the transactions, assets, and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main allegiance to another body, nor those of informal gatherings of church members.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH

Notes to the Financial Statements - continued for the year ended 31 December 2020

(ST MARTIN IN THE BULL RING)

1: ACCOUNTING POLICIES - continued

Donated services

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met and the receipt of economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102), the general volunteer time of Volunteers is not recognised and refer to the trustee's annual report for more information about their contribution.

Debtors Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction casts, and are measured subsequently at amortised cost using the effective interest method, less any impairment,

Creditors Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. if estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit and loss account.

Pensions The charity makes contributions a money purchase pension schemes for eligible employees. Contributions payable are charged to the Statement of Financial Activities in the period to which they relate.

Redundancy Payments

The charity recognises redundancy payments when they fall due, either when a redundancy has taken effect or when the redundancy payment has been made, whichever is earlier. Where a redundancy has taken effect but not yet been paid, the charity policy is to recognise this as an accrued expense until such time as it is paid.

General information These financial statements are presented in UK Sterling (£) because that is the currency of the primary economic environment in which the company operates.

2:

DONATIONS AND LEGACIES

	2020	2019
Donations Legacies Grants (seebelow) Regulargiving Givingatservicesandothervoluntarydonations Taxrecovered	£ 13,306 68,900 96,812 77,686 21,586 20,927	£ 2,531 95,590 101,360 70,412 53,014 27,320
	299,217 ————	350,227 a

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THE PAROCHIAL CHURCH COUNCIL

OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH (ST MARTIN IN THE BULL RING)

Notes to the Financial Statements - continued for the year ended 31 December 2020

2. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

	2020	2019
	£	£
Bell Rope Croft	13,000	13,000
St Martin'sTrustees - grant for administration salaries	79,912	84,360
St Martin's Sunday School Fund	3,900	4,000
	96,812	101,360

In addition to the above grants received, the charity was also eligible to utilise the Government's Coronavirus Job Retention Scheme (CJRS) to cover the salaries of eligible employees who were unable to work due to restrictions imposed during the pandemic. The charity utilised this scheme and received £63,081 in CJRS grants from the Government during the charity's financial year to 31 December 2020.

3. OTHER TRADING ACTIVITIES

3.	OTHER TRADINGTRADING ACTIVITIES
		2020	2019
		£	£
	Tea lounge takings	10,632	60,309
	Afterservice refreshments	“	19
	Church fees	868	1,372
	Room hire and food	12,071	38,065
	Corporate hire	-	4,326
	St Martin's Centre for Health & Healing Lease	20,160	20,160
		43,731	124,251
4.	INVESTMENT INCOME
		2020	2019
		£	£
	Special reserve fund income	2,917	3,357
	Bank interest	151	55
	Central Board of Finance deposit interest	-	229
		3,068	3,641

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH

(ST MARTIN IN THE BULL RING)

Notes to the Financial Statements - continued for the year ended 31 December 2020

Notes to theto thethe Financial Statements - continued for thethe year endedended 31 December 2020	Notes to theto thethe Financial Statements - continued for thethe year endedended 31 December 2020	Notes to theto thethe Financial Statements - continued for thethe year endedended 31 December 2020	Notes to theto thethe Financial Statements - continued for thethe year endedended 31 December 2020
ae
5.	OTHER INCOME
		2020	2019
	CIRS Grants Rentcontribution forCurate's Housing	£ 63,081 4,275	£ - -
		67,356	°
6.	RAISING FUNDS
	Other tradingactivities
		2020	2019
	Tea loungecost ofsales Tea loungewages Tealoungeoverheads Room hire costs Depreciation Loss on sale of assets	£ 6,288 38,749 104 - 2,107 -	£ 21,301 43,089 2,661 2,074 3,365 2,839
		47,248	75,329

6. RAISING FUNDS

1. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
		Grant
		funding of
	Direct	activities
	Costs (see	(see note
	note 8)	9)	Totals
Charitable grants Fromothercollectionsand activities Birmingham DiocesanCommon Fund The MinistryTeam Church and services	£ - - 97,481 5,313 61,944	£ 7,250 358 - - -	£ 7,250 358 97,481 5,313 61,944
	164,738	7,608	172,346

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH

(ST MARTIN IN THE BULL RING)

Notes to the Financial Statements - continued

for the year ended 31 December 2020

8. DIRECT COSTS OF CHARITABLE ACTIVITIES

9.

		2020	2019
		£	£
Utilities and insurance		38,703	40,801
Common fund contribution		97,481	76,206
Parochial fees		471	342
Ministryteam expenses		5,313	2,848
Music and Worship		17,523	22411
Other church service costs		1,710	TUT
Irrecoverable VAT		3,426	6,649
Outreach		111	1,324
		164,738	158,058
GRANTS PAYABLE
		2020	2019
		£	£
Charitable grants		7,250	7,250
From other collections and activities		358	644
Church and services		-	49
		7,608	7,943
The total grants paid to institutions during the year was as follows:
		2020	2019
		£	if
Church Missionary	Society	1,750	1,750
Open Doors		1,750	1,750
Restore		1,750	1,750
St Martin's Youth	& Community Centre	2,000	2,000
		7,250	7,250

Decisions on grant making from unrestricted funds are made by the PCC taking account of previous giving and congregation input and the vision and mission of the Church.

The total paid from other collections and activities during the year was as follows:

	2020	2019
	£	£
Angel Tree	358	422
Christian Aid	-	222
	358	644

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Notes to the Financial Statements - continued for the year ended 31 December 2020

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |SSSys| |10.|SUPPORT COSTS| |Management|Finance|Totals| |Other|£|£|£| |resources|expended|148,835|471|149,306| |Governance|Costs:| |Independent|£|£| |Examination|1,000|1,000| |Support|costs,|included|in|the|above,|are|as|follows:| |Management| |2020|2019| |Other| |resources|Total| |expended|activities| |Wages|£|£| |Church|and other staff costs|126,118|130,091| |telephone|2,437|2,429| |Postage|534|142| |Repairs and renewals|9,234|13,722| |Staff training|&|clergy conference|60|1,248| |Photocopying|2,581|3,868| |Printing and stationery|1,498|3,907| |IT support & maintenance|668|1,584| |Subscriptions|2,205|2,718| |Accountancy|costs|- other|2,500|2,500| |Independent Examination|1,000|1,000| |148,835|163,209| |—|—_—| |Finance| |2020|2019| |Other| |resources|Total| |expended|activities| |Bank|£|£| |interest &|charges|471|942|

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH (ST MARTIN IN THE BULL RING}

Notes to the Financial Statements - continued

for the year ended 31 December 2020

11. | TRUSTEES' REMUNERATION AND BENEFITS

No trustee or person related to them received remuneration or other benefits other than Revd E. & Mr. S Blair-Chappell’s son, who was employed by the PCC during the year and received remuneration of £2,929 (2019: £8,179) and Revd J Allcock's daughter, who was employed by the PCC during the year and received remuneration of £713 (2019: £2,065).

Trustees’ expenses

There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.

12. STAFF COSTS

	31.12.20	31.12.19
	£	£
Wages and salaries	173,278	186,960
Social security costs	4,741	7,890
Other pension costs	2,190	3,191
Coronavirus Job Retention Scheme Grants (shown in Other Income)	(63,081)	=
	117,128	198,041
Noemployeewaspaid£60,000ormore.

The average monthly number of employees during the year was as follows:

follows:
	31.12.20	31.12.19
Administration and financial	3	5
Building	4	4
Commercial	3	4
Community ministry	1	1
Family& Schools ministry	1	1
Worship and music	1	1
	13	16

The numbers given are based on the monthly headcount. Full time equivalent numbers would be significantly lower because of the number of part time employees. The headcount at the year end was: 9 (2019: 15).

The day-to-day management of the charity is led by the Rector, with the active support of the clergy team, churchwardens, staff and key volunteers.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH

Notes to the Financial Statements - continued for the year ended 31 December 2020

(ST MARTIN IN THE BULL RING)

SEE

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |13.|COMPARATIVES|FOR THE STATEMENT OF|FINANCIAL ACTIVITIES| |Unrestricted|Restricted|Total| |funds|funds|funds| |£|£|E.| |INCOME AND|ENDOWMENTS|FROM| |Donations|and|legacies|248,294|101,933|350,227| |Other|trading|activities|124,251|-|124,251| |Investment|income|3,641|-|3,641| |Total|376,186|101,933|478,119| |EXPENDITURE|ON| |Raising funds|75,329|-|75,329| |Charitable|activities| |Charitable grants|7,250|-|7,250| |Birmingham|Diocesan Common|Fund|76,206|-|76,206| |The|Ministry Team|2,820|-|2,820| |Church|and|services|73,164|6,561|79,725| |Other|62,791|101,360|164,151| |Total|297,560|107,921|405,481| |Net gains on|investments|7,417|-|7,417| |NET INCOME/(EXPENDITURE)|86,043|(5,988)|80,055| |RECONCILIATION|OF|FUNDS| |Total funds|brought forward|138,308|11,707|150,015| |TOTAL FUNDS CARRIED FORWARD|224,351|5,719|230,070|

----- End of picture text -----

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH (ST MARTIN IN THE BULL RING)

Notes to the Financial Statements - continued

for the year ended 31 December 2020

14. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
	Fixtures
	and
	fittings
	£
COST
At 1 January 2020and 31 December 2020	115,126
DEPRECIATION
At 1 January 2020	106,123
Charge foryear	2,107
At 31 December 2020	108,230
NET BOOKVALUE
At 31 December 2020	6,896
At31December2019	9,003

The Birmingham Diocesan Trustees Registered hold as bare trustees for the PCC a property in Deritend currently leased to and occupied by St Basil's Housing Association. No value has been assigned to this asset in the financial statements.

15. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTSASSET INVESTMENTSINVESTMENTS
	Listed
	investments
	£
MARKETVALUE
At 1January 2020	69,085
Revaluations	(12,499)
At 31 December 2020	56,586
NET BOOKVALUE
At 31 December 2020	56,586
At31December2019	69,085

There were no investment assets outside the UK.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH (ST MARTIN IN THE BULL RING)

Notes to the Financial Statements - continued for the year ended 31 December 2020

ee

1. FIXED ASSET INVESTMENTS- continued

		31.12.20	31.12.20	31.12.19	31.12.19
					Market Value
		Cost	Market value	Cost
	2000 Charifund Units UK listed investments	£ 10,050 13,288	£ 27,451 29,135	£ 10,050 13,288	£ 33,214 35,871
		23,338	56,586	23,338	69,085
16.	STOCKS
				2020	2019
	Tea loungestock			£ -	£ 1,469
17,	DEBTORS:AMOUNTS FALLING DUE WITHINONEYEAR
				2020	2019
	Tradedebtors Associated charities GiftAidTax Recoverable VAT			£ 410 1,722 6,000 77	£ 7,690 1,287 8,723 -
	Accrued Income Prepayments			4,667 775	- =
				13,651	17,700

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH

Notes to the Financial Statements - continued for the year ended 31 December 2020

(ST MARTIN IN THE BULL RING)

18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |2020|2019| |£|£| |Trade|creditors|:|5,706| |PAYE|&|National|Insurance|572|2,931| |VAT|=|4,239| |Other|creditors|6,697|6,847| |Accrued|expenses|&|deferred|income|8,836|3,910| |16,105|23,633| |MOVEMENT|IN|FUNDS| |Net|Transfers| |movement|between|At| |At|1.1.20|in|funds|funds|31.1220| |£|£|£|£| |Unrestricted|funds| |General|fund|151,259|17,381|67,765|236,405| |Special|Reserve|Fund|69,815|=|(69,815}|a| |Choir|robes|1,498|-|-|1,498| |Website|development|1,779|=|-|1,779| |224,351|17,381|(2,050)|239,682| |Restricted|funds| |Angel|Tree|Charity|-|1,642|736|2,378| |Other funds|736|:|(736)|-| |Organ|repair|>|1,374|-|1,374| |Memorial|Boards|4,983|(924)|-|4,059| |BDBF|Redecoration|Fund|.|-|2,050|2,050| |Mission|Worker|-|12,500|-|12,500| |5,719|14,592|2,050|22,361| |TOTAL|FUNDS|230,070|31,973|°|262,043|

----- End of picture text -----

1. MOVEMENT IN FUNDS

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH

Notes to the Financial Statements - continued for the year ended 31 December 2020

(ST MARTIN IN THE BULL RING)

es

19. MOVEMENT IN FUNDS- continued

Net movement in funds, included in the above are as follows:

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |'|Incoming|Resources|Gains|and|Movement| |resources|expended|losses|in|funds| |£|£|£|£| |Unrestricted|funds| |General|fund|294,401|(264,521)|(12,499)|17,381| |Restricted|funds| |Angel|Tree|Charity|2,000|(358)|-|1,642| |Flowers|wall|box|44|(44)|-|:| |St|Martin's Trustees|re|salaries|79,912|(79,912)|-|-| |Organ|repair|3,190|(1,816)|-|1,374| |Memorial|Boards|-|(924)|-|(924)| |St|Martins Sunday School|Fund|4,050|(4,050}|-|-| |The|Bell|Rape Croft|13,000|(13,000)|-|-| |Curate's|Housing|4,275|(4,275)|:|.| |Mission|Worker|12,500|-|-|12,500| |118,971|(104,379)|-|14,592| |TOTAL FUNDS|413,372|(368,900)|(12,499)|31,973| |Comparatives|for|movement|in|funds| |Net| |movement|At| |At|1.1.19|in|funds|31.12.19| |£|£|£| |Unrestricted|funds| |General|fund|72,436|78,823|151,259| |Special|Reserve|Fund|62,398|7,417|69,815| |Choir robes|1,498|.|1,498| |Music and|Worship|197|(197)|-| |Website development|1,779|-|1,779| |Restricted|funds|138,308|86,043|224,351| |Community|Ministry|391|(391)|-| |Creative Arts|1,561|(1,561)|-| |Other funds|4,772|(4,036)|736| |Memorial|Boards|4,983|-|4,983| |11,707|(5,988)|5,719| |TOTAL FUNDS|150,015|80,055|230,070|

----- End of picture text -----

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH (ST MARTIN IN THE BULL RING)

Notes to the Financial Statements - continued

for the year ended 31 December 2020

19. MOVEMENT IN FUNDS- continued

Comparative net movement in funds, included in the above are as follows:

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted funds
General fund	376,186	(297,363)	-	78,823
Special Reserve Fund	-	-	7,417	7417
Music and Worship	-	(197)	:	{197)
	376,186	(297,560)	7,417	86,043
Restricted funds
Community Ministry	-	(391)	-	(391)
Creative Arts	-	(1,561)	-	(1,561)
St Martin's Trustees re salaries	84,360	(84,360)	-	-
Otherfunds	573	(4,609)	-	(4,036)
St Martins SundaySchool Fund	4,000	(4,000)	-	-
The Bell Rope Croft	13,000	(13,000)	-	=
	101,933	(107,921)	-	(5,988)
TOTALFUNDS	478,119	(405,481)	7,417	80,055

Designated Funds

The Special reserve fund was established to protect the proceeds of a property sale against inflation and to create an income from which a property could be rented. This restriction is now no longer applicable and as such the fund balance is transferred to the General Fund.

The Choir robes, Music and worship and Website development funds were established in 2011 from the proceeds of a gift day. The various projects are continuing for the Choir robes and Website development funds, whereas the Music and worship fund was fully utilised in 2019.

Restricted Funds

St Martin's Trustees provide funding towards the cost of staff salaries.

The Angel Tree Charity fund holds donations for said charity that have not yet been utilised. Note, the balance brought forward for this fund was shown as Other Funds. For clarity and transparency, this balance has been transferred from Other Funds into the specific named fund with Other Funds now showing nil balance. The BOBF Redecoration Fund is money held by the BDBF on St Martin's behalf to be used for redecorating costs. This money was transferred out of the General fund for this purpose.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BIRMINGHAM PARISH CHURCH (ST MARTIN IN THE BULL RING)

Notes to the Financial Statements - continued for the year ended 31 December 2020

Ies

20. EMPLOYEE BENEFIT OBLIGATIONS

The charity makes contributions to money purchase pension schemes for certain employees. There is no long-term commitment. The total charge for the period was £2,190 (2019: £2,441).

21. RELATED PARTY DISCLOSURES

The charity received donations from Trustees of £32,597 (2019: £16,901).

During the year, the charity paid salary of £2,929 (2019: £8,179) to D Blair-Chappell the son of two of the trustees and paid salary of £713 (2019: £2,065) to L Allcock, the daughter of one of the trustees.

During the year, the charity was related to St Martins Centre for Health & Healing a charitable limited company.

During the year, the following income was received from St Martin's Centre for Health and Healing:

		2020	2019
		£	£
Rent		20,160	20,160
Shared	overheads	8,390	16,502

At the end of the year £1,722 (2019: £1,287) was due from St Martin's Centre for Health and Healing.

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