2024 Report and Accounts for the Parochial Church Council of St Chad's Church, Woodseats Alms and Purposes St Chad's Parochial Church Council IPCCI is the governing body of the Church and 15 responsible. along with the incumbent, the Reverend Jonathan Hidden, for promoting in the ecclesiastical parish the whole mission of the church, pastoral, liturgical, evangelistic, social and ecumenical. ObJectlves and Actlvltles The objectives and activities of the PCC are in accordance with the guidelines on public benefit. These objectives and activities can be summarized as.. Public worship to which every resident of the parish is welcome and invited to join. Pastoral work through the ministry of the occasional offices. A thriving ministry amongst the elderly and housebound including, but not limited to, network of home visitors, various friendship groups and organized trips and excursions. Youth work that involves both church and non-church young people- The use of the church buildings for community activities; Teaching about the Christian faith and the ethics of being a disciple of Jesus Christ,. Distributin8 a proportion of our voluntary giving to other charitable or8anizations within and without the diocese of Sheffield- • The encouragement of an active volunteer force from within the congregation to become involved in other Sheffield-based charities. e.g. Sheffield BESOM and School Pastors. Report on actlvitles In 2024 Public worship occurs weekly with services being held on most Sunday5 at 9am and 11am. These are typically a mix of formal and informal. Holy Communion and other non-Euchari5tic services. Our work with other local churches includes joint Lent courses and other joint service5 throughout the year. We continue to offer outreach events such a5 Messy Easter and Christingle: we've also tried new things like a Light party as an alternative to Halloween. Christmas 2024 was a special time with over 4SO children welcomed into the building to hear the Christmas Story. We had increased numbers at our carol services showing a desire to celebrate Christmas in the local church. Youth and children's work continues to develop: this intludes churth youth work on Sundav morning and Friday evening, as well as School Pastors, where the team proved invaluable to the school in supporting both students and staff. We hope to employ a part time Children and Families worker in the summer of 2025. Page l of 10
Other charitable activities such as BESOM, Grace Foodbank and Street Pastors continued throughout 202415. Third Age ministry continued apace. with growing numbers attending Natter. the over 505 coffee morning, which is also registered as a Welcome Place. Natter Plus also happens regularly; this is a Short service after Natter. which Natter members are welcome to attend. A Memory Café, forthose with memory loss and their carers. meets monthly. Our toddler group continues to serve a real need for toddlers, and their parents, grandparents, and carers. We regularly have Bible story times during Toddlers. We currently have 107 on our electoral roll, with a worshipping community of 135. Our lease of our Church Field to Woodseats Community Garden la project led by a PCC member who is a landscape architect) has successfully gone through and they have received National Lottery funding. WCG is providing a well-being space managed by members of the local community and an extra facility for the Church to use. Our rebrand of church house to Community Hub has brought a number of new users into this important resource. brin8ing new revenue streams but also grants so we can update the building to make it more usable for a wider range of users. Several of the users are building connections with each other to build our community outreach, for example the Community Garden and a local Arts initiative. FlnancSal Revlew Total receipts on unrestricted fund5 were £129,186.62 of which £117,242.55 was unrestricted voluntary income, including £18,437.48 from Gift Aid. Restricted funds of £14,836.61 were also received and are detailed in the financial statements. Lettings of the church premises and the Community Hub, the freehold property at 56 Abbey Lane. generated an income of £6880.21. The huge majority of planned giving is now through the Parish Giving Scheme, which reduce5 the burden of collecting Gift Aid. A successful special appeal for funds for essential maintenance and upgrades to the church and Community Hub buildings raised £13,090; some Gift Aid is Still to be recovered on thi5 amount. £87,501.08 was spent, largely from unrestricted fund5, to provide the Christian ministry of St Chad's Church, including donations totaling £7,2(X) to our designated Mission Partner charities.. The Besom in Sheffield, Christians Against Poverty, Church Army, Grace Foodbank, Open Doors, Sheffield Street Pastors and Tearfund. (St Chad's also supports School Pastors through the work of our employed Youth Worker.} Our pledged contribution to the Diocesan Common Fund, which provides stipends, housing and pensions for clergy across the diocese, had to be much reduced this year due to greatly reduced income in 2023. To date we have contributed £44,400; it is intended to pay a further £5.600 early in 2025 to meet our pledge. The net result for the year was an excess of receipts over payments of £22,627.14. Adding bank and deposit balances brought forward at the beginning of the year, the balances carried forward Page 2 of 10
on 31 December totaled £69,445.94 on unrestricted funds and £24,324.41 on restricted funds. The majority of the surplus in unrestrirted funds is committed to further payments to our Mission Partners and the Common Fund. Reserves Policy It is PCC policy to try to maintain a balance on unrestricted funds that equates to at least three months unrestricted payments, to smooth out fluctuations in cash flow and meet unexpected emergencies. This is an amount of approximately £40,000. The cash balance of £69,445.94 held in unrestricted funds at year end was more than adequate to support this policy. It is our policy to invest some of our fund balance in the CCLA Church of England Deposit Fund. The balances of £6,145 in the Church Fabric restricted fund and £9,295 in the Community Hub restricted fund are retained towards meeting the cost of essential repairs to the east end of the Church and upgrades to the Community Hub. Structure, Governance and Management The PCC is a body corporate IPCC Powers Measure 1956, Church Representation Rules 20061 and a charity registered with the Charity Commission. registration number 1127352. The method of appointing the PCC is set out in the Church representation rules. PCC members are elected to serve for a three-year term by those whose names are on the electoral roll. Deanerv Synod representatives are also elerted for a three-year term, while churchwardens are elected annually. The clergy, churchwardens and Deanery Synod representatives are ex officio members of the PCC. 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 2024 there were seven full meetin8s of the PCC, with subcommittees meeting in between each full meeting. Income is received primarily through the giving of the congregation, lettings of the Church building and Community Hub la converted Edwardian house in the parish), and, to a much lesser extent than was previously the case, from wedding and funeral fees. A part-time youth worker and a part-time administrator are employed directly by St Chad's, along with paid cleaners and verger. They are supported by an army of volunteers in all aspects of church life, to whom we give grateful thank5. Page 3 of 10
Administrative Information St Chad's Church is the parish church for Woodseats in the Diocese of sheffield. The correspondence address is: St Chad's Church Linden Avenue Sheffield S8 OGA The PCC members serving during 2024 were: Ex Officio Members: Incumbent.. Curate.. Revjonathan Hidden Rev Rachel Crossley (from July 20241 Churchwardens: Ann Firth Ann Lomax Deanery Synod Reps.. Daryl Twibev Vicky Vidler Elerted Members: Ann Allen Christine Carr Nathan Edwards Keith Hartlev Tim Hopkinson Jane Howcroft Victoria Karney Karen Kilner Ifrom 20 May 20241 Lindsey Ladhams Alison Manning Dawn Moslev Ro Willoughby Page 4 of 10
PAROCHL4L CHURCH COUNCIL OF ST ¢F{'s ¢HiXi¢H. WCX)DSEATS Financlal Statements for the Year Ended 31 December 2024 Statement of Financial Activities Receipts and Payments Accounts Vnr•Ftrict•d TOTAL TOTAL 2023 Fund¥ Futtd¥ RECEIPTS Voluntary Incom• Pl?n ghAng PJI other9h1ngl%rAunlaryrttpIG Gift Re¢o%Er8d Tol•l Volunt•ry Incomo 92.752.(k8 6.053.01 18.437.48 £ 117.242.55 92.752 08 19.3.6? 18.437 46 £ 130.793.16 ,457.23 11,827.27 17,989.03 IZ3.D73.53 13.5S).61 13.55Q61 A¥+1 for G•n•rntlng Funds 1.2e6.Q) 1.286.00 Inv•stm•nt Incom 1.879.63 1.879.63 827.47 Church ActitI• 9.241.21 0.241.21 12,288.52 R•lrnburs•m•nt• 823.23 Totsi RECEIPTS £ 129.186.62 £ 14.•X$1 £ 144.023.23 IW189.52 PAYMENTS Dlr•¢ic•t 01 Mlnlsiry Worshlp so• S$ Gmny SL4ffin9 s$ & Evwgdism Tolal Dlv•ct 1.S41.C 51.eo).oJ 32.W.70 1,5.23 B7.111.( 1.541.06 51.600 00 32.664.79 1.695.23 87.501.OB 1,083.55 71,075.85 28,134.36 101,427.37 AdmlnlAtrntlv• and cMrh••d Co1• È 31012.01 33,895.01 34,(Q7.44 Totsl PAYMENTS £ 120 123.09 £ 121,396.09 1354J4.81 Grov4 DqfidtlsulUI I.3.53 £ 13,SSk11 22.627.14 7S4.71 Translers beM*en funds 1,320. 1.320.ts) 7.743.53 14,88&61 22,627.14 754.71 Cash at bank at 1 Janua Cash at bank at 31 DeEemb•r .411 £ 24.3x41 93.no.3S 6S.686.75 Page 5 of 10
statement of Assets and Liabilities As at 31 CMber 2024 Ur•thcl•d ft1(£0d FdI Funds A¢¢ourt 31 D•¢ X24 31 DK 2023 Flxed Cornmunrty b. $6 Le £ xfj.c•xJ. £ xo,ctsJ.c•) rrent A358ts Cash at bk and In hand CfyuD Communilv E4TeilPIus ki(MJnt Virqin Morh furr8ni Acitsjni CIlA DVDOSI A(1 Ount Tts Ci%h * bank Ind In hand f 34.1C6 58 7WAO ?7 ?71 46 £ 24.324 41 t 58.432 99 7440 f 27371 96 t 93,7TO. e 45.15088 t Xg9233 £ n.143.21 t24,.41 £ 2.371.50 £ 2,3T1.60 e 1.448.03 Tot1 Curr•nt Aii•ty £ 71,817.44 £24,324.41 e 96,141.85 e ra,691.24 Arcounis Pabl• MRI Tot41 L14bIll•¥ -£ 3.035 70 -t 3.035 70 -£ 5.125 60 -t 1.77889 4 6.glJl.49 8,.70 4 J,l)X.70 •t Curr•nt AB••ts bll(ti 1.16 686.76 rr•nt .74 -41 btsl and R•s•YY Unr¥trl¢t•d Fund¥ t 22.627 14 fY649257 £369,119.71 754 71 f 35:, 491 24 e 3E6,245.95 TOM Unr•strlct•d Fund R•thct•d &orfIL•td FundB RF_AV RF. Chldign Wcrfk RF_ Church Fobnc RF. Ctturch H($• F1 RF. RF. WrfK)ry Cats RF_ N4ler RF . Oioan man1n¢& Total R•str1ctsd &D•slan•t•d Fund 4260 210 S1 £ 6.145 00 £ 9XOO £ 591500 159Q 1576 00 4260 £ 1.86400 t 5.915 00 £ 1.12500 t 1.92900 -t I480 % 9,140. £ 24.324.41 Tot1 C•plW R•w¥•* £393.414.12 £ 3ffi,688.76 Page 6 of 10
- Accountln9 Poll¢les The financial statements of PCC have been prepared in arkn)rdance W1h the Churth Anting Regulations 2006 using the Receipts and Payments basis.
- Flxed assets Movab18 church furnishings held by th8 vKar and rchwardenS on sp8cial tnjst for th8 PCC, and which r8quire Faculty for disposal, are inalienable property. listeij in the churth's inventory. For anything acquired prior to 2000, there is insufficient cost inforrnation availatAe and thefOre such assets are not valued in the financial slalements. Fixed Assets comprise the freehold property a156 Abbey Lane. otherwise referred to as St Chad's Community Hub. Freehold land and buildings were previously Valued. In line with the transitional arrangements allowed under FRS102. the PCC ha5 decided lo hold these assets at cost. wth ¢he cost based on the revalued ar1Unt at the date ol transition. Individual ileffls of equiK¥neni with a purthase price of £1.000 L¥ less are wriiten oll as an expense.
- Funds Restricted funds psen1 lal inccffte Irom trusts or endownnIS may be expended only on those restricted objects provided in the lemis of the trust or beouesl and Ibl dOnab.S. grants or fees received for a Spgcified object or invitsd by the PCC for a specffic ot4'ecL The funds may onty be expended on Ihe $pe¢ifi¢ object for which they were given. Any balance remainirg unspent at the end of eh year must t iarried frnvard as a balan¢e on that fund. Designated Funds are unreslricled funds set aside by the PCC for a paituLgr purpose. Funds so desvJnated by the PCC can be redesignated by th9 PCC and so designab'on dces not prevent funds being sp8nt on any olh8r purpose. Unr8Strictsd fund5 ar8 gen8fdl funds which can b8 used Ic¢ PCC ordinary puw8s. The rnovern8nt5 In re51ric18d tunds during th8 year were as below. Th8re arg currenlty no d85ynat8d lunds. Bal blld R•eelpts P•wrnnts Trnnsl•r Bal elfwd R•slrfct•d RF-AV RF - Children and Farn1 K1•[ RF - Church Fabr RF . Communrty Hub Fabri RF . Hardship RF . Mernory Cale RF - Natter RF - Organ Malnl•nan 42.60 210.61 £ 8,14S.tsJ £ 9,295 Q) £ 5,915.LK) £ 1,435.IX) £ 1,576.DJ 4 29490 £ 210.81 £ 6.14S.C £ 7.431 CQ £ 1.864Q) £ 5.915 LJ) £ 1.125.LYJ £ 89J.CQ £ 540.QJ £ 2). £ 553.cx] £ 1.CQ 4 1.434 £ 1.3X).C Total É 9.440.80 £14.836.61 É1273.00 £ 1.320.00 £24.324.41 The AV fund Presents Ihe remains ol a grant recaved In 2021 to laahtate online worship during the Covid pandemic anij may onty be used to purchase audN>vKsual equipment. The Childn and Famil$. Worker fvnd presents initi.al donabons towar(Ys the of a chikYn and familles. worker lo be appointed In 2025. The fabnc fun¢Ys pent a(xumulated appea15 and fvndraising for latrt maintenance and can only spenl for thls purrM)se. The Hardship fund represents Ihe rernainder of donations given during and after the Covid pandemi¢ lo benefit Church members experiencing hardship. 11 is administered by the inMbent and wardens. The Memory Cafe fund and Natter fund represent funds held for the St Chad's Memory Café and the St Chad's Natter group resp8ctively, induding grant fvnds, whKh may only t used for Ihe b8nefit of these mini5trie5. These funds are adfflinistered by the respective lea¢Jership teaffl5. The transfer lo the organ fund was from ordin8ry unrestricted ftjnds in li8u of paying an honorariurn to the organist. Thi5 fund remain5 in deficit awarting th8 r8covery of Gift on a pr8wous donation. 4 Related Patrty Transactlons A trustee, Christine C8rr. is remunerated deaning and curch verger dties. Christine Carfs daughter was, until 31 October 2024. an employee ol Sl Chad's. The trustee takes no part In deusions regarding remuneration. A tru51ee appointed in May 2024, Karen Kiln8r, was previoudy ernrAoyed as an administrator by St Chad's, until resigning on 30 September 2024. She to( no part in deusions regarding her remuneration. Page 7 of 10
ilnr•strided Restrictsd Funds Funds A¢¢ount 2024 2023 Recelpt l othrgivintyvolunl Sp•ci•l Apwlg Buildingspo CFW poal anty £ 12rn. 11(W.IK 26&61 265.61 T¢iW Sp• AppW• I,rfjI 1140fy.61 1W.22 [knas fSp¥ Gener tknws 27& 4.61340 1(N)( 05101 62500 4,612.4Q 2.719.10 Ttsial Wl ¢th•r 11550.61 A¢tlv4IM lorG0n0rlng FuThd Total lorGonov4On Fund Inwdit)Iwnl Incomp InleTeyt Inc<)me Inc(m8 fram Grwnds H T tal Inv•atmoTrt Inc .37963 327.47 827.47 ¢burcth Acdvltlw4 In¢ofiwfrom LK• Ev•n coma fvomwéddings fiom Fun$ T•i•l Incomo Imm Llh R•nial Ih¢oftv4 1.42afyi 1.428.IK) 933tXI J61.00 2.361.OD Sg62 71 897. ty21 S,982 71 807. 180.21 5.192 52 1.6fj0.fy) •.0.52 T•iii R•Thtsl InGarn• Totsi Chui¢h A¢tl¥l%l 241.21 P4yffj•nts lèi Dlr•ct Co•t• ol Mlnl• Wornhlp S•rYlc•• Wot$hip Costi LJl¢ Ewnt9 Totil Wgrlhl SwYle•• 1.247.C 1.247.06 414.55 I0 Glvlnq C(mman Fun¢ fvlsslan Psrtng 41.4( 7.2m 63.$14.53 7.061.32 Toi•l Ml••lon Gl 71 07&85 St•fflng Solanes PAYE ond NIC PensiM$ Cogts YDUth 27.312.21 3.W.29 93 4ts2.JS 27.312.21 25.*.01 953 93 40? 36 .79 1.724.5 5Q3 77 2B,1M36 ExpdUre Ghldrth$Wthk EXpdUr0 Cafq PF Èxpmdrture y1 ClS Totsl MIBi5on & Evan 2SI.21 251.21 .24 553 78 I.061 553 78 Total fMf•Et CoBt• of Mlnlstry E 101N27.37 111 Admlnlstrotlw and cN•rh•ad Costs Ch Ji¢h a IAaini¢n8n¢o Rurtning C(ths Hub Runnn9 & fvknt•l¥KeCtyt Grounds upkeép 18.651. 4.37&01 15.5 6.221 4.378.04 248. 1.245.75 .01 Small NDn Capital Equipfttht UE£lllllg & hygEne leyd si0 717.Tl 4.01 527.9B 1.172.62 2.710.09 3.924.85 Ofnce Costs Prof8ssThal F88s vertlg 8 Matk8tir Insuranc Bank Char9eS Tolal 0th8r E Total Administrafjve and ¢knhead ¢os¢s 2.n4.68 1.0.9& 3.r&39 1175 1.225.98 3.(r35.39 13.75 45 31895.01 2.938.84 3.73 145. 34.007.44 33.Mi.gS Page 8 of 10
Church Workers Penslon Fund ICWPF) t>e£ember 2024 year End The PCC of St Chad's. Woodseats participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board. which holds the CWPF assets separatelv from those of the Employer and other participating employers. CWPF has two settions.. l. the Defined Benefit5 Scheme 2. the Pension Builder Stheme, which has two subsections- a deferred annuity section known as Pension Builder Classic, and, a cash balance section known 3s Pension Builder 2014. Pension Builder Scheme Both sections of the Pension Builder Scheme are classed as defined benefit schemes. Pension Builder Classlc provide5 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 Pen5ion5 Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors. Penslon Bullder 2014 is a cash balance scheme that provides a lump sum which members use to provlde benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement. dependin8 on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65. There is no sub.divi5ion 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 Sertion 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme's assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs char8ed to the SOFA in the year are the contributions payable12024= £953.93, 2023.. £1,724.58). A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2022. The next valuation is due as at 31 December 2025. For the Pension Builder Classic section. the 2022 valuation revealed a surplus of £34.8m on the ongoing assumptions used. At the most recent annual review effective I january 2025. the Board chose to grant a discretionary bonus of 6.7% to both pensions not yet in payment and pensions in payment in respect of service prior to April 1997.. and a bonus on pensions in payment in spect of post April 2CQ6 service so that the pension increase was 2.7% (where usually it would be calculated based on inflation up to 2.5%). This followed improvements in the funding position over 2024. There is no requirement for deficit payments at the current time. For the Pension Builder 2014 section, the 2022 valuation revealed 3 surplus of £8.5m on the ongoing assumption5 used. There is no requirement for deficit payments at the current time. The legal strurture of the scheme is such that if another employer fails, the PCC of St Chad's, Woodseats could becomÈ responsible for paying a share of thè failed employerfs pension liabilities. St Chad's has l active member and O deferred members in the CWPF at 31st Dember 2024. Page 9 of 10
This report Was approved as a correct record of the activities of the parish and signed on behalf of the Parochial Church Council by Signed J M Hidden Chair of Trustees {Oversight Minister) A Lomax Lay VI-Chair of Trustees (Churchwarden) Print Name Rev Jonathan Hidden Ann Lomax Date 7 April 2025 Page 10 of 10
Independent Examiner's Report I report to the trustees on my examination of the finanual statements of The Parochial Church Council of St Chad's Church, Woodseals for the year ended 31" December 2024. Responsibilities and basis of report As the tnjstees of the charity. you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act}. I report in respect of my examination of the charity's financial statements rJrried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission Ljnder section 145{51{bl of the 2011 Act. Independent examinor's statement I hav8 completed my examination. I confirn that no matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect. 1. Accounting rOrdS were not kept in respect of the charity as required by section 130 of the 2011 Act.. or 2. The financial slalemenls do not accord with those records.. or 3. The financial slalemenls do not comply with the applicable requirements concerning the form and conlenl of accounts sel out in the Charits'es {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. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this reporl in order to enable a proper understanding of the financial statements to be reached. Marie Craig FCCA TC Group 20 Commerce Road Lynch Wood Peterborough Cambridgeshi PE2 6LR Dated.. 4 June 2025