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2021-12-31-accounts

Information concerning St Chad’s Charitable aims and objectives for submission to the Charities Commission

Aims and Purposes

St Chad’s Parochial Church Council (PCC) is the governing body of the Church and is responsible, along with the incumbent (Reverend Toby Hole) in promoting in the ecclesiastical parish, the whole mission of the church, pastoral, liturgical, evangelistic, social and ecumenical.

Objectives and Activities

The objectives and activities of the PCC are in accordance with the guidelines on public benefit. These objectives and activities can be summarised as:

Mission Action Plan 2017

The Mission Action Plan, agreed early in 2017 had the following points:

  1. To build up a community of Christians confident and committed in prayer.

  2. To foster inter-generational friendship and unity across the church.

  3. To develop a physical space and a spiritual culture that intentionally reaches out and welcomes the stranger, the vulnerable and the lost.

  4. To encourage the growth in Christian faith and living outside of regular Sunday worship.

A Mission Action Plan for 2020-24 was in the process of being put together before Covid prevented any further action being taken. It is hoped that this will now be completed in 2022/3.

Report on activities in 2021

The Covid Pandemic continued to disrupt services in 2021, with the church closed to worship between January and March 2021, and then reopening for a very small congregation until a full return to worship was enabled in July.

Youth work continued on-line and later in person. This included church youth work as well as School Pastors, where the team proved invaluable to the school as it navigated its way through the changing regulations. Other charitable activities such as BESOM and Grace Foodbank continued throughout 2021.

An online Alpha Course was run and at the end of 2021 we had a confirmation service in the church. Third Age work started up towards the end of 2021 with Natter and Friendship Club re-opening.

The PCC agreed to lease our Church Field to Woodseats Community Garden (a project led by a PCC member who is a landscape architect). When the garden is completed it will provided a well-being space managed by members of the local community. A formal lease is yet to be agreed.

Reverend Toby Hole stepped down from his role as Area Dean in January 2021. Between July and November 2021 he served as acting archdeacon of Sheffield and Rotherham. He remains Priest-in-Charge of St James Norton as well as vicar of St Chad Woodseats. The assistant curate, Reverend James Norris, left his post in August 2021 in order to take up his new role as Associate Vicar of Holy Trinity Leicester.

Structure Governance and Management

The method of appointing the PCC is set out in the Church representation rules. The PCC in 2021 consisted of the incumbent, the curate both churchwardens, one deanery synod representative and seven elected members of the congregation. The PCC has specific responsibility for the regulation of public worship in the church as well as the finances and fabric of the church buildings. In 2021 the PCC met seven times with subcommittees meeting in between each meeting. Subcommittees have responsibility for implementing the Mission Action Plan. Minutes of all committees are kept and available for inspection on request. Each PCC member serves a term of three years. St Chad’s has two churchwardens who are expected to serve for three years as churchwarden and two years as a deputy churchwarden.

An administrator working across the four churches in the Mission Partnership is employed through Church of England strategic funding. This is fully funded for two years. From November 2019 the Partnership has had to find funds to supplement a tapered funding scheme. A youth worker is employed jointly with Woodseats Methodist Church. Income is received through lettings of Church House (a converted Edwardian house in the parish), through advertising in the church parish magazine

and through the giving of the congregation. Pleasingly, and despite the pressures of the pandemic, the 2021 accounts showed a healthy surplus.

Administrative Information

St Chad’s church is the parish church for Woodseats in the diocese of Sheffield.

The correspondence address is: St Chad’s Parish Office Linden Avenue Sheffield S8 0GA

The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2006) and a charity excepted from registration with the Charity Commission.

PCC members are elected to serve for a three-year term by those whose names are on the electoral roll. In October 2020 there were 131 names on the roll, a small increase from the previous year.

The PCC members elected to serve on the PCC at the Annual Parochial Meeting on 24th May 2021 were as follows:

Incumbent: The Reverend Toby Hole
Curate: The Reverend James Norris
Churchwardens: Ann Firth
Ann Lomax
Treasurer: Jonathan Millard
Elected Members: Linda Jones (PCC secretary)
Daryl Twibey (Deanery Synod)
Tim Hopkinson
Ann Allen
Dawn Mosley
Christine Carr
Nathan Edwards
Ro Willoughby
Alison Manning

Parochial Church Council of St Chad's, Sheffield Statement of Financial Activities

For the year ended 31st December 2021

Note
INCOMING RESOURCES
Voluntary Income
2a
Activities for generating funds
2b
Investment income
2c
Incoming resources from charitable activities
2d
Total Incoming Resources
RESOURCES EXPENDED
Charitable Activities
3a
Other resources used
3b
Total Resources Expended
Net Incoming Resources before transfers
Transfer between Funds
Net movement after transfers
Reconciliation of Funds
Total Funds brought forward
Total Funds carried forward
Unrestricted
Restricted
TOTAL
FUNDS
Funds
Funds
2021
2020
£
£
£
£
160,510.94
1,500.00
162,010.94
138,293.09
6,127.86
-
6,127.86
10,500.26
526.11
-
526.11
578.79
793.00
-
793.00
1,824.50
167,957.91
1,500.00
169,457.91
151,196.64
138,077.54
1,286.98
139,364.52
137,440.59
2,597.16
-
2,597.16
2,514.81
140,674.70
1,286.98
141,961.68
139,955.40
27,283.21
213.02
27,496.23
11,241.24
(1,320.00)
1,320.00
-
-
25,963.21
1,533.02
27,496.23
11,241.24
350,149.81
11,986.55
362,136.36
350,895.12
376,113.02
13,519.57
389,632.59
362,136.36

The notes on pages 3 to 7 form part of these accounts

St Chad's Sheffield

Page 1 of 7

Parochial Church Council of St Chad's, Sheffield

Balance Sheet at 31st December 2021

Notes 2021
2020
£
FIXED ASSETS
Church House, 56 Abbey Lane
4a
CURRENT ASSETS
Bank Current account
CCLA account
Accounts Receivable
5
Total Current Assets
LIABILITIES
Accounts payable
6
Total Liabilities
NET ASSETS
Represented by
Surplus
Starting Balances
TOTAL FUNDS
Represented by Funds
7
Unrestricted
Restricted
300,000.00
300,000.00
65,447.42
35,790.27
24,858.22
24,845.27
1,225.61
5,137.03
91,531.25
65,772.57
(1,898.66)
(3,636.21)
(1,898.66)
(3,636.21)
389,632.59
362,136.36
27,496.23
11,241.24
362,136.36
350,895.12
389,632.59
362,136.36
376,113.02
350,149.81
13,519.57
11,986.55
389,632.59
362,136.36

St Chad's Sheffield

Page 2 of 7

Notes to the financial statements

For the year ended 31st December 2021

1. ACCOUNTING POLICIES

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP 2005.

The financial statements have been prepared under the historical cost convention and include all 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 affiliation to another body, nor those that are informal gatherings of church members.

Funds

Designated Funds are unrestricted funds set aside by the PCC for a particular purpose. Funds so designated by the PCC can be redesignated by the PCC and so designation does not prevent funds being spent on any other purpose.

Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest and (b) donations, grants or fees received for a specified object or invited 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 carried forward as a balance on that fund.

Unrestricted funds are general funds which can be used for PCC ordinary purposes.

Incoming resources

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due and when the amounts can reasonable be quantified. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.

Resources expended

Grants and donations are accounted for when paid over or when awarded, if that award creates a binding obligation on the PCC. The diocesan share is accounted for when paid. All other expenditure is generally recognised when it is incurred and is accounted for gross.

Fixed assets

Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church’s inventory. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements.

Freehold land and buildings were previously revalued. In line with the transitional arrangements allowed under FRS102, the PCC has decided to hold these assets at cost, with the cost based on the revalued amount at the date of transition.

Equipment used within the church premises is capitalised at cost and depreciated on a straight-line basis over four years. Individual items of equipment with a purchase price of £1,000 or less are written off as an expense.

St Chad's Sheffield

Page 3 of 7

St Chad's PCC (Woodseats)

Church of England Defined Contributions Scheme

For eligible salaried employees who commenced employment after 1st November 2011, St Chads PCC (Woodseats) (PB Classic) participates in the Pension Builder Scheme section of Church Workers Pension Fund (CWPF) for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers.

The CWPF has two sections: 1 the Defined Benefits Scheme and 2 the Pension Builder Scheme, which has two subsections: a deferred annuity section known as Pension Builder Classic and a cash balance section known as Pension Builder 2014.

Pension Builder Scheme

Both sections of the Pension Builder Scheme are classed as defined benefit schemes.

Pension Builder Classic provides a pension accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors.

Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared, is payable, unreduced, from age 65.

There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102 as it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers. This means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are contributions payable (2021: £761, 2020: £419).

A valuation of the scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2019. The next valuation is due as at 31 December 2022.

For the Pension Builder Classic section, the valuation revealed a deficit of £4.8m on the ongoing assumptions used. At the most recent annual review, the Board chose to grant a discretionary bonus of 3%, following improvements in the funding position over 2021. There is no requirement for deficit payments at the current time.

For the Pension Builder 2014 section, the valuation revealed a surplus of £5.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.

The legal structure of the scheme is such that if another employer fails, St Chad's could become responsible for paying a share of the failed employer’s pension liabilities.

St Chad's has 1 active member and 0 deferred members in the CWPF at 31st December 2021.

St Chad's Sheffield

Page 4 of 7

St Chad's Church, Woodseats - Income and Expenditure 2021

2
INCOMING RESOURCES
2a
Voluntary Income
Bank receipts (giftaided)
Envelope receipts (giftaided)
Tax recovered
Other planned giving
Loose plate collections
One-off gifts (giftaided)
One-off gifts (not giftaided)
One-off Grants
Legacy
Sick & Needy Fund
2b
Activities for generating funds
Church House lettings
Church lettings
Magazine/Books
2c
Investment Income
Bank & CCLA interest
Rent from land & Buildings
2d
Incoming resources from charitable activities
Fees for weddings & funerals
Total incoming resources
Unrestricted
Restricted
Funds
Funds
2021
2020
93,452.07
-
93,452.07
94,599.78
1,493.00
-
1,493.00
1,804.00
25,207.77
-
25,207.77
24,813.05
4,626.71
-
4,626.71
3,719.00
1,289.38
-
1,289.38
567.57
700.00
-
700.00
125.00
835.59
1,000.00
1,835.59
2,749.71
-
500.00
500.00
-
32,906.42
-
32,906.42
-
-
-
-
9,914.98
TOTAL FUNDS
160,510.94
1,500.00
162,010.94
138,293.09
6,762.86
-
6,762.86
7,392.76
260.00
-
260.00
262.50
(895.00)
-
(895.00)
2,845.00
6,127.86
-
6,127.86
10,500.26
26.11
-
26.11
78.79
500.00
-
500.00
500.00
526.11
-
526.11
578.79
793.00
-
793.00
1,824.50
793.00
-
793.00
1,824.50
167,957.91
1,500.00
169,457.91
151,196.64

St Chad's Sheffield

Page 5 of 7

Unrestricted Restricted TOTAL FUNDS Funds Funds 2021 2020

3a Charitable activities

Missionary & charitable giving

Overseas:
Open Doors
Frontiers
Wycliffe
Tear Fund
Home:
Christians Against Poverty
Church Army
Besom
Street Pastors
Grace Food Bank
Ministry: C of E Common Fund
Vicar expenses
Curate expenses
Other expenses
Vicarage expenses
Curate Housing expenses
Church running & maintenance
Church Reshaping / major repairs
Worshipping
Children/Youth Ministry
Welcome
Sick & Needy Fund
Upkeep of Grounds
Magazine
Church House running & maintenance
Church House major repairs
Youth Minister salary
Youth Minister Pension
Verger
Office Administrator
Assistant Treasurer
Mission Partnership Administrator salary
Church/Church House Cleaning
Parish Training/Education
3b
Other resources used
Office telephone & internet
Printing & stationery
Software & website
Total resources used
1,200.00
1,200.00
1,200.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,250.00
1,250.00
1,250.00
1,050.00
1,050.00
1,050.00
800.00
800.00
800.00
2,000.00
2,000.00
2,000.00
500.00
500.00
500.00
400.00
400.00
400.00
9,200.00
-
9,200.00
9,200.00
84,686.04
84,686.04
84,650.00
245.92
245.92
751.12
264.26
264.26
455.05
187.15
187.15
16.13
534.10
534.10
589.25
328.67
328.67
369.00
11,079.52
11,079.52
13,359.26
-
-
2,488.25
2,214.89
1,286.98
3,501.87
1,465.10
46.89
46.89
335.11
461.73
461.73
298.61
-
-
3,300.00
345.00
345.00
1,837.40
-
2,073.02
1,073.13
1,073.13
2,573.62
5,595.00
5,595.00
-
12,413.16
12,413.16
6,982.20
760.79
760.79
418.93
152.40
152.40
152.40
-
-
205.68
2,369.60
2,369.60
1,219.23
2,551.45
2,551.45
1,368.73
3,333.44
3,333.44
3,172.14
234.40
234.40
160.36
138,077.54
1,286.98
139,364.52
137,440.59
512.23
512.23
547.70
1,066.26
1,066.26
1,318.51
1,018.67
1,018.67
648.60
2,597.16
-
2,597.16
2,514.81
140,674.70
1,286.98
141,961.68
139,955.40

St Chad's Sheffield

Page 6 of 7

4 FIXED ASSETS

4a Tangible

Gross book value
At 1st January 2021
At 31st December 2021
Depreciation
At 1st January 2021
Charge for the year
At 31st December 2021
Net book value
At 31st December 2021
F/hold Land
& Buildings
300,000.00
300,000.00
-
-
-
300,000.00

The freehold land and buildings are 56 Abbey Lane (Church House).

Church House is held at cost, with the deemed cost being the revalued amount upon transition to FRS102.

4b Investments

The church has no fixed asset investments

5
DEBTORS
Accounts receivable
6
LIABILITIES
Amounts falling due within one year
Accounts payable
2021
2020
1,225.61
5,137.03
1,225.61
5,137.03
1,898.66
3,636.21
1,898.66
3,636.21

7 ANALYSIS OF NET ASSETS BY FUND

Fixed Assets
Current Assets
Current Liabilities
Unrestricted
Restricted
TOTAL
Funds
Funds
2021
300,000.00
-
300,000.00
78,011.68
13,519.57
91,531.25
(1,898.66)
-
(1,898.66)
376,113.02
13,519.57
389,632.59

8 RELATED PARTY TRANSACTIONS

A trustee, Chris Carr, is remunerated for cleaning and church verger duties. She was paid £2,207 in the year. Chris Carr's daughter is an employee of St Chad's and was paid £2,370 in the year. The trustee takes no take part in decisions regarding remuneration.

The spouse of a trustee, Nathan Edwards, is the Mission Partnership Administrator for the four CoE churches in the S8 postcode. She was paid £2,551 for St Chads' share during the year. The trustee takes no take part in decisions regarding remuneration.

Approved by the Parochial Church Council on 25 April 2021 and signed on its behalf by:

Reverend TobyHole Chairman
Ann Lomax Trustee

St Chad's Sheffield

Page 7 of 7

Independent examinerfs report to the members of The Parochlal Church Council ('the PCC.) for the Ecclesiastical Parish of St Chad, Norton Woodseats I report on the accounts of the PCC for the year ended 31 December 2021. which are set out on pages 1 to 7. Respective responslblllties of members and examlner The members of the PCC are responsible for the preparation of the accounts. The members of the PCC consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act; to follow the procedures laid down in the general Directions given by the Charity Commisslon under section 145{5)(b) of the Charities Act- and to state whether particular matters have come to my attention. Basls of Independent examlnef s report My examinalion was carried out in accordance wilh th8 general Directlons glven by the Charity Commission. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with thos8 records. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as members concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequenlly no opinion is given as to whether the accounts present a 'true and fair view. and the report is limited to those matters set out in the statement below. Indopendent examlnerfs ststement In connection with my examination. no matter has come to my attention.. 11) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 of the Charities Act-, and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met., or 12) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Chris Peto Member of the Institute of Chartered Accountants, Er¥Jland and Wales Marsh Lane 25 April 2022