A * CHURCH - FOUR OAKS
FINANCIAL STATEMENTS
OF THE
PAROCHIAL CHURCH COUNCIL
FOR THE YEAR ENDED 31st DECEMBER 2022
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INCUMBENT:
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In vacancy
BANKERS:
(CHURCH)
H.S.B.C. BANK P.L.C. 1 Great Cornbow Halesowen B63 3AD
(CENTRE)
H.S.B.C. BANK P.L.C. 67 The Parade Sutton Coldfield B72 1PD
INDEPENDENT EXAMINER
lan Stewart Brown FCA Churchill Groves 4 Cannock Road Chase Terrace Burntwood Staffordshire WS7 1JP
Registered Charity Number: 1127355
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CONTENTS
| Item | Page No. |
|---|---|
| Annual Report | 3 |
| Independent Examiner's Report | 13 |
| Statement of Financial Activities | 14 |
| Balance Sheet | 15 |
| Accounting Policies | 16 |
| NotestotheFinancialStatements | 19 |
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ALL SAINTS’ CHURCH, FOUR OAKS, SUTTON COLDFIELD ANNUAL REPORT 2022
AIM AND PURPOSES
All Saints Four Oaks Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The parish is currently in Vacancy. The PCC also has responsibility for maintaining the church building and All Saints’ Church Centre and grounds, including the community building and storage building which are occupied under licence by the Scout and Guide groups affiliated to All Saints, together with the Curate's house at 2 Knightsbridge Close. OBJECTIVESAND ACTIVITIES The PCC is committed to enabling as many people as possible to share our worship and to become part of the parish community at All Saints. The aim is to offer services to involve the many groups that live within our local area. Our worship, both in formal services and more relaxed activities such as Messy Church, puts faith into practice through prayer and scripture, music and sacrement. The PCC also co-ordinates our mission work, both within the parish and further afield. It is likely that PCC subcommittees and their functions will be reviewed when our new incumbent is appointed, but currently the sub-committees reporting to the PCC are the Church Centre committee, which overseas the Centre managers and decides the broad strategy of how the Centre can further the aims of the church; the Children and Families committee which focuses on the inclusion of young people withing the All Saints family, and the Charities committee which recommends the allocation of funds raised for mission and charity work. There is also a Pastoral team which assists with pastoral care of those in need, particularly the sick and infirm, and works in conjunction with the PCC.
When planning our activities for the year, we have considered the Charity Commission’s guidance on public benefit, and especially the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through:
e Worship and prayer, learning about the Gospel and developing their knowledge and trust in Jesus Christ. e Provision of pastoral care for people living in the parish.
e Missionary and outreach work
To facilitate this work, the PCC understands that it is important that the fabric of the church building, the Church Centre and the community buildings is regularly maintained. In order to identify any risks in relation to buildings, professional quinquennial inspections are performed. The last inspection of the Church was held in 2019, which confirmed that the building has been well maintained in the past. The minor works recommended were completed during 2022. Professional inspections of electrical systems, gas boilers, fire extinguishers and the church lightning conductor are also performed periodically and insurance arrangements regularly updated. As an added security measure, the Church Centre is covered by CCTV. The PCC has also put in place a Health and Safety policy and a Safeguarding policy to which Centre hirers are required to adhere, a Privacy policy, a Risk policy and policies for responding to Domestic Abuse, Lone Workers, Employment of Ex-offenders and Whistleblowers. All policies are reviewed and updated annually. Separate funds are kept for the maintenance of buildings, the organ and the Curate’s House.
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ACHIEVEMENTS AND PERFORMANCE
As we continued to learn to manage the Covid 19 pandemic, church and Centre buildings have been in use throughout the year. However, the aim has always been to be cautious and to ensure the safety of all who visit our buildings.
Church activities continued to be led by the Vicar, Adrian Leahy, until the end of April. The parish also benefited greatly from the assistance given by the Rev'd Averil Lauckner and her husband John Hawthorne for the greater part of the year, and that of the Rev'd Roger Sheppard. We have also had the pleasure of welcoming many visiting clergy from within the Deanery and the Diocese to lead our services. During the Vacancy, the PCC has been grateful for the guidance of the Area Dean, the Rev'd Ann Richardson.
Worship, Music and Discipleship
The PCC aims to offer a range of services in a variety of styles during the week and over the course of the year that our community find both beneficial and spiritually fulfilling. All are welcome to attend our regular services.
In accordance with the Church Representation Rules 2020, the Electoral Roll was updated prior to the 2022 Annual Parochial Church Meeting (APCM) held in May, and listed 118 members (118 members in April 2021).
Following the introduction of Zoom services during the pandemic lockdowns, hybrid Sunday morning services held in church but also available on Zoom have generally been continued throughout the year. Prior to Adrian’s retirement, the purchase of upgraded audio visual equipment for the church was being investigated, in order to provide the best possible experience for church members both in church and at home. While the PCC is still keen to take this forward, the project has been paused until a new incumbent has been appointed and can add his or her input to the scheme.
Wednesday morning services, normally an lona style Communion service, have continued to grow in popularity, and provide a quieter more reflective experience. We have been pleased to welcome several members of St James church to these services in recent months. The choir stalls are used to seat most members of the congregation, and a Zoom link is not currently being provided, but these arrangements will be kept under review.
We have been without a Director of Music throughout the year, so in the early months we were grateful for recorded music sourced by the tech team. More recently we have welcomed several different organists to provide live music for our services, including our traditional carol service. The choir initially led the congregation from the front of the nave, but in the latter part of the year have been able to return to the choir stalls. It is hoped that a new person to lead our music will be appointed when we have a new incumbent.
Monthly Messy Church services have continued throughout 2022, with a good number of families attending on a regular basis and new families joining most months. The sessions comprise several themed activities in the Centre, followed by a short worship time in church, then tea back in the Centre. We have been joined by two regular helpers from St James, and several members of our congregation help with food and activities. All are welcome to join these services. After Adrian left, the worship was usually led by Averil, and more recently Sharon Saunders and Sally Cox have taken on the role. Some of the products of the craft activities are displayed in church, and PCC continues to look for other ways of strengthening the connection between Messy Church families and the Sunday and Wednesday congregations.
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The first parade service for some time was held on Mothering Sunday. This was a non-Eucharistic allage service, with a said Communion service held earlier that morning. A similar pattern was followed on Remembrance Sunday.
For the first time since the pandemic, it was possible to hold a full range of Easter services, and weekly Stations of the Cross services led by lay people were held throughout Lent.
The Christingle service was held on Christmas Eve in church for the first time since 2019, and proved very popular. We were again able to welcome some of our local school children to hold their carol service in church.
The Children and Families sub-committee maintains an overview of the provision for our younger members.
The important funeral ministry continued, with 6 funerals in church and 2 at crematoria, and many of these services were also streamed on the internet. There were also 15 baptisms in church.
There is not yet an obvious demand for 8am services at All Saints, and Evening services held jointly with our neighbouring parish of St James and occasional services of Churches Together in Four Oaks, are still suspended for the time being, but will no doubt be reviewed by our new incumbent.
Having been without a Vicar for much of the year, 2022 has continued to present challenges, but assistant and visiting clergy, the Wardens’ team and church members have demonstrated adaptability and flexibility in sharing our worship as widely as possible.
Mission, Outreach and Communication
The principal outreach organisations affiliated to All Saints are the long established Mothers’ Union branch which provides fellowship for members while doing valuable work locally and worldwide, the scout and guide groups which continued to provide a full range of meetings and physical activities throughout the year, and Little Seedlings stay and play group for pre-school children which is so popular that it is full to capacity most weeks. Several of the Little Seedlings families have joined Messy Church or other All Saints activities.
Queen Elizabeth the second celebrated her platinum jubilee in June, and All Saints marked the occasion with a jubilee lunch for members of the congregation and former members of our luncheon club. As a lasting reminder of the jubilee, the scout groups planted a rowan tree in the church grounds.
For the first time at All Saints, Sharon Saunders organised a Posada during Advent, which was much valued by families from Messy Church and Little Seedlings and other church members.
Another first for All Saints in Advent was the holding of a Christmas tree festival in church. Twentytwo trees were decorated by church groups, Centre users and local organisations, more than half of which were purchased, and refreshments Father Christmas and an Elf Trail were also available. The purpose of the festival was primarily to engage with the local community, although useful charitable donations were also received, and we welcomed around 275 visitors to the church during the weekend.
Although we do not have the resources to deliver Christmas cards to all residents of the parish, a card was produced and made available to church members, Centre users and local school children.
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The Church Centre provides a valuable community resource for a large variety of local organisations, and the managers continue to promote innovative activities.
It is the policy of the PCC to donate at least 5% of income from normal giving to a wide range of local, national and international missions and charities, and the Charities sub-committee of the PCC makes a recommendation to the PCC of organisations to be supported. Although we have not held a significant fundraising event such as the pre-pandemic Christmas market, various smaller social and community events have made some contribution to our charitable giving. For many years we have also sponsored a child, Nitesh, through the World Vision charity. As he has now reached the age of 16, we are now sponsoring Million from Ethiopia.
All Saints has started exploring the path to becoming an Eco Church, and this remains a long term goal. Consideration continues to be given to how the Church Centre can be better used for mission purposes.
The parish magazine has been produced in printed form monthly throughout 2022, and work is continuing to ensure that the church website and social media are regularly updated and developed.
Deanery Synod
Three members of the PCC also sit on the Deanery Synod which is intended to provide the PCC with an important link between the parish and the wider structure of the church. In 2022 there were three meetings, with a wide variety of subjects being discussed.
Church Centre
We continue to benefit from our excellent and well-maintained Church Centre building, which has always been very well used, both by church groups and paying clients. We also have the benefit of a modern community building and store, used mostly by the scout and guide groups affiliated to All Saints, but also hired out to paying clients.
The Centre committee oversees the Centre managers and staff, all of whom work hard to ensure that the Centre provides a useful community resource and extends the mission of the church.
A Church Centre report is attached to this annual report.
Pastoral Care
An enlarged team was re-commissioned in April 2022. Members assist the clergy in visiting the sick, frail and bereaved in the parish, and Home Communion is also offered to those who request it.
Churches Together in Four Oaks
All Saints has two representatives on the committee of Churches Together in Four Oaks, and it is hoped that their regular activities will resume as soon as possible. In the past, these have included joint services three time a year and on Good Friday, social events, the delivery of Easter cards and carol singing in Mere Green.
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FINANCIAL REVIEW
The combined accounts for the Church and Centre for 2022 show deficits of £28,617 and £11,808 respectively, a total of £40,425. Comments relating to the Centre are included later in this report and therefore the details given below relate solely to the Church.
There are two main reasons for the significant deficit:-
(a) After 35 years service one of the gas boilers had needed to be shut down and, following a period of investigating the possible alternatives, it was agreed that they should be replaced by 2 Worcester 7000 WP condensing boilers at a total cost of £30,300 including vat. However we were very fortunate in that we were able to obtain a grant of £12,625 from Sutton Coldfield Charitable Trust and we were extremely grateful for their support in this connection. (b) Although the usual Quinquennial Report was undertaken in 2019, completion of the necessary work identified was inevitably delayed owing to the pandemic. It was eventually completed in 2022 at a total cost of £14,904 including vat, plus architect’s fees of £2,409.
However as our church building is Grade 2* listed we were able to recover vat amounting to £7,845 covering both of the above mentioned items from the Listed Places of Worship Grant Scheme. Excluding the unusual income/expenditure mentioned in items (a) and (b) we would have been left with a reduced deficit of £1,474.
We are very fortunate in having a significant number of our members who contribute their giving by regular standing order payments. We saw an overall reduction in stewardship/collections income of £1,600 in 2022, compared with the previous year, and unfortunately we can foresee a more significant reduction during 2023. Tax recovery on gift aided contributions showed a modest reduction at £11,713.
A rental income of £14,126 was received from what is known as our Curate’s House (2 Knightsbridge Close), which was partially offset by overheads amounting to £3,624. The previous tenants moved out mid December 2022, but new tenants moved in mid January, initially on a 6 month let at £1,500 per month.
We have of course encountered a significant increase in gas and electricity costs since our previous fixed rate charges came to an end in September 2022, although we were grateful to receive a grant of £2,191 from the Diocese to provide some relief with this expenditure.
We should perhaps mention one of our longstanding investments with the CBF Church of England Investment Fund. It can be seen from Page 24 that it has significantly increased in value over the years and also provided a particularly useful dividend income. Unfortunately the overall value reduced by £28,848 over 2022 and, whilst we shall of course continue to monitor the position closely, it is pleasing to see the improvement which has taken place in 2023. During the year the balance of an old Luncheon Club account amounting to £2,492 was passed over to the church as the Club ceased to operate some time ago, and the proceeds were invested in this fund. The club had been operated by our Church members for many years.
Our Common Fund requirement was paid to the Diocese and details of our giving to charities is outlined on Page 21.
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CENTRE REPORT
The Church Centre continues to serve the church and the local community as a popular place for church and community activities. 2022 proved to be a difficult year as the business continued to recover from the pandemic. At the beginning of the year some restrictions were still in place and hirers had to be aware of this and follow regulations. We were pleased to welcome back new and old customers with their varying activities. As the year progressed the regulations became less necessary and bookings increased. All of this had a marked effect on the finances. We received a government grant, but the income was lower than we would have liked and running costs still had to be met. All staff were awarded pay rises in April based on the increases in the Real Living Wage. The rise in the fuel costs for the final quarter affected our expenses too. However, we were able to finance water and fuel saving measures in all the toilets in the Centre and Community Building as we had planned. There have been the usual annual service costs for kitchen equipment and the gas boiler, for door and partition maintenance, for alarm services, electrical system maintenance and equipment testing. There were more repairs to the coffee machine, the roof and blocked drains. All of this has resulted in the end of year operating account showing a loss of £11,808. We are thankful we have good reserves.
Children’s birthday parties continue to be popular giving the opportunity for families to be made aware of Messy Church and Little Seedlings. These continue with increasing success. There is a difficulty in encouraging regular evening groups and weekend party bookings. This has contributed to further bar losses and decisions had to be made to restrict the opening of the bar as the committee felt that it was irresponsible to continue losing money. This situation will continue to be reviewed. It is hoped that the new website will encourage hirers to use our prime facilities. The hard work of the Centre Managers and other staff continues to promote a pleasant and friendly atmosphere and is often acknowledged by all who visit the Centre.
The Community Buildings, in All Saints’ Drive, used primarily by ali the uniformed groups, (but are managed by and included in the finances of the Centre), continue to be self-financing. There has been an increase in their usage by outside groups. The income from these hirings reduces the charges made to the uniformed groups.
Despite the difficulties of 2022 the Committee are confident that the Church Centre will continue to serve the church and community and look forward to a more successful year in 2023 with a bright future as part of the mission of All Saints’ Church.
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INVESTMENT POLICY AND POWERS
All investments are agreed by the Trustees and have regard to the Charity Commission guidance in relation to charity investment policy.
RISK POLICY
During the year, significant risks to which the PCC may be exposed have been identified and documented to ensure that appropriate safeguards are in place to mitigate the impact of those risks. Risk was considered under five principal categories (Governance, Operational, Financial, Regulatory and External).
RESERVES POLICY
It is the policy of the PCC to maintain free reserves at least sufficient to cover three areas: £100.000 to spend on mission initiatives over the next five years, £100,000 to cover the possibility of major repairs being required to the building, and enhancing and equipping to suit the needs of a growing church; and a sum to cover six months running costs, which based on 2022 costs amounts to £96,000, excluding the unusual costs incurred with the new gas boilers and quinquennial repairs, making £296,000 in total. Current free reserves amount to £293,341, whilst as at 31st December 2022 there is a modest shortfall, this does not take into account other available investments.
This policy has remained the same for a few years and it may well need to be reviewed, particularly when a new incumbent is appointed.
PLANS FOR FUTURE PERIODS
It remains important for the PCC to continue making a full Common Fund contribution as requested by the Diocese. 2022 has again presented significant challenges following the pandemic, but members have continued to learn and adapt to different forms of worship. We have still to decide on the possibility of investment in audio visual equipment, and services will continue on-line for the foreseeable future, enabling our services to be more flexible, and accessible to a greater number of people.
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STRUCTURE, GOVERNANCE AND MANAGEMENT
The method of appointment of Parochial Church Council members is set out in the Church Representation Rules. At All Saints the membership of the PCC consists of the incumbent (the Vicar if in post), the Curate (if in post), members of Deanery Synod, the Churchwardens, co-opted members and members elected at the annual meeting by those on the church electoral roll. All members of the congregation are encouraged to register on the roll and are invited to stand for election to the PCC.
The PCC is 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 to be spent. The full PCC met nine times during 2022, with an average attendance of 94%. The PCC has complied with its duty under Section 5 of the Safeguarding and Clergy Discipline Measure 2016 to have due regard to the House of Bishops’ guidance on safeguarding children and vulnerable adults. The various subcommittees listed below are responsible to the PCC and report back to it regularly, with minutes of their decisions circulated to all PCC members and discussed by the full PCC as necessary.
Standing Committee
This is the only committee required by law. It meets to transact PCC business between PCC meetings, subject to any directions given by the PCC. It covers fabric and finance matters, including income, expenditure and reserves, and considers Christian Stewardship. It also oversees PCC policies and procedures.
Church Centre committee
This committee provides strategic leadership and ensures accountability, oversight and assurance for the performance of the Church Centre and Community Buildings, including the support of the Centre managers.
Pastoral Team
Members of the team assist the clergy in the pastoral care of church members.
Children’s and Families’ committee
This committee plans provision for children, particularly Messy Church and all age worship, and oversees our links with local schools and youth organisations.
Charities committee
This recommends to the PCC how charity monies should be distributed to missions and charities.
Worship, Music and Discipleship committee
This plans, in co-operation with the Vicar, all aspects of liturgy and worship, music both within and outside worship, and the development of disciples at All Saints. This committee has been in abeyance since the Vicar retired.
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Mission, Outreach and Communication committee
This plans, in co-operation with the Vicar, the mission and outreach of the Church within the parish and wider community, and oversees all forms of communication including the church magazine, the website and social media. This committee has been in abeyance since the Vicar retired.
The PCC looks forward to continuing to play its part in developing the work of the Church in Four Oaks, and we express our sincere appreciation to all who have supported All Saints during the year, whether financially or in many other ways. It is recognized that we are very fortunate in having well maintained buildings and healthy financial reserves, which ensure that we are well placed for the future.
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ADMINISTRATIVE INFORMATION
All Saints is the Church of England Parish Church in Four Oaks, in the Deanery of Aston and Sutton Coldfield and the Diocese of Birmingham.
Address: All Saints’ Church, Belwell Lane, Four Oaks, Sutton Coldfield, B74 4TR
Incumbent: The Reverend Canon Adrian Leahy until 29" May 2022.
The Parochial Church Council is a body corporate established by the Church of England, and operates under the PCC Powers Measure 1956 and Church Representation Rules 2020 as amended. It is a charity registered with the Charity Commission (Charity number 1127355).
During 2022 the following served as members of the PCC:
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|Incumbent|The Rev'd Canon Adrian|Leahy|=|(to 29 May 2022,|Chairman)|
|Church|Wardens|Mrs|Louise|Richmond|
|Mr Geoffrey|Meeson|(to|15th|November|2022)|
|Elected|members|Mr|Barrie|Blizzard|
|Mr John|Blundell|(Treasurer)|
|Mr Alan|Cowie|(to|13thSeptember 2022,|Centre Chairman)|
|Mrs|Rosamund|Douglas|(Secretary)|
|Mr Rob|Gibson|(Deputy Warden)|
|Mrs|Linda|Lewis|(Centre|Secretary)|
|Mr|Derek|Limbert|
|Mr|David|Phillips|
|Mrs|Dorothy|Russell|(Centre|Treasurer)|
|Mrs|Sharon|Saunders|(from APCM|2022)|
|Mrs|Valerie Timmins|(Vice|Chair)|
|Deanery Synod|Mrs|Jennifer|Blundell|
|Mrs|Julia|Limbert|
|Mr|Geoffrey|Meeson|(to|15th|November 2022)|
|Co-opted members|Rev'd|Averil|Lauckner|(from|20th|July to September 2022)|
|Mrs|Sally Cox|(from|14th|December 2022)|
|Approved by the Parochial Church|Council on|_|:adhlanet,|Ad13oe|
|and|signed|onits behalfby|V«“Ja\ Sne——~____MrsBi|Valerie Timmins|(Vice Chair)|
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Independent Examiner’s Report to the Trustees of All Saints’ Church, Four Oaks, Parochial Church Council.
| report to the trustees on my examination of the accounts of All Saints’ Church, Four Oaks, Parochial Church Council (‘the church’) for the year ended 31 December 2022 which are set out on pages 14 to 26.
Respective Responsibilities of Trustees and Examiner
As the charity trustees of the Church you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’). The Church’s trustees consider that an audit is not required for this year under section 144 (2) of the 2011 Act and that an independent examination is needed.
it is my responsibility to:
e Examine the accounts under section 145 of the 2011 Act; e To follow the procedures laid down in the General Directions given by the Charity Commissioners (under 145(5)(b) of the 2011 Act); and
e To state whether particular matters have come to my attention.
Basis of Independent Examiner’s report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently 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.
Independent Examiner’s statement
| confirm that no material matters have come to my attention 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 Church as required by section 130 of the 2011 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. Signed:We lan Stewart Brown FCA Churchill Groves 4 Cannock Road Date: coerce M86... AMeice. 202% . Chase Terrace Burntwood Staffordshire WS7 1JP
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PAROCHIAL CHURCH COUNCIL OF ALL SAINTS, FOUR OAKS, SUTTON COLDFIELD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
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|||||||||
|---|---|---|---|---|---|---|---|
|Restricted)|Endowment||TotalFunds||Total|Funds|
|Funds|Funds|Funds|2022|2021|
|fT|[tleTt—“‘i:ClUTCC“‘(‘C]|S|:|
|Income|&|Endowments|from:|
|(1e)|
|gmeromimesimens|||ssus|te]|||sso]|ase|
|Expenditure|on:|
|150|150|
|ob|ts|
|wnanrovwane|||oso]|eam]|||a)|ae|
|Unrealised|Gains|-|Properties|i|
|penocnenetos-|Shares|||woz](28,848)|pom)|||em)(28,848)|mam30,527|
|Reconciliation|of funds:|
|Total funds brought forward|13,077|Pp|2,591,046|
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PAROCHIAL CHURCH COUNCIL OF ALL SAINTS, FOUR OAKS, SUTTON COLDFIELD BALANCE SHEET AT 31 DECEMBER 2022
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||||||||||
|---|---|---|---|---|---|---|---|---|
|er|ee|||ee|||eee|
|Fixed|Assetts|
|Tangible Fixed Assets|||4a||)~~]|1,999,838]|1,999,838|
|Current Assets|
|parswock|—SSC~<“—é‘idSC‘“‘idSCSCSt|YC|
|Cash|at|Bank &|in|hand|(incl.|deposits|
|with|the|Central|Board|of Finance|of C.|7|302,829|347,331|
|of E.|and|Julian|Hodge|Bankers)|
|withinLess|Liabilitieson|year - Amounts falling due|8|(10,235)|Pg|
|Funds|of the Charity|
|Approved by the Parochial Church|Council on:|23°|Apeak|2022|||
|Mrs|Valerie Timmins|a|Vice|Chair|
|V. AO|ee|
|Mrs Louise Richmond|d|Q|{|{|Churchwarden|
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PAROCHIAL CHURCH COUNCIL OF ALL SAINTS’ CHURCH, FOUR OAKS ATDECEMBER 31 2022 Accounting Policies
Basis of preparation
The PCC is a public benefit entity within the meaning of FRS102.
The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCC’s together with the regulation’s ‘true and fair view’ provisions, together with FRS102 (2016) as the applicable accounting standards and the 2015 version of the Statement of Recommended Practice, Accounting and reporting by Charities SORP (FRS102).
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value, and properties which are valued at the figure used by Ecclesiastical Insurance as indicated and the professional valuation of the Curate’s House.
Going Concern
All Saints’ Church, Four Oaks, is dependent upon the regular donations of its members. The balance sheet remains strong and a balanced budget has been prepared for 2023. On this basis the PCC has presented the accounts on a going concern basis.
Funds
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 5.
Income
Donations & Legacies, Charitable Activities
Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the donation is received.
Grants and Legacies to the PCC are accounted for as soon as the. PCC is notified of its legal entitlement, the amount is quantifiable and its ultimate receipt by the PCC is probable. Funds raised by events have been accounted for gross.
Other Income
Hiring income from letting the Church Centre is recognised when the hire is due.
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PAROCHIAL CHURCH COUNCIL OF ALL SAINTS’ CHURCH, FOUR OAKS AT 31 DECEMBER 2022
Accounting Policies continued
Income from Investments
Dividends are accounted for when due and payable, and interest entitlements are accounted for as they accrue.
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 year end.
Expenditure
Donations
Grants and donations are accounted for when paid over.
Activities directly relating to the work of the Church
The diocesan parish share is accounted for when due, as are any other items of expenditure.
Fixed Assets
Properties and movable church furnishings
As previously stated, properties have been valued at figures assessed by Ecclesiastical Insurance or professional valuers, although depreciation has not been charged in agreement with the Diocese.
Movable church furnishings held by the vicar and churchwardens on special trust for the PCC are listed in the church inventory, which can be inspected (at any reasonable time).
Individual or grouped items with a purchase price of £1,000 or less are written off when the asset is acquired.
Other fixtures, fittings, and office equipment
Individual or grouped items with a purchase price of £1,000 or less are written off when the asset is acquired.
Investments
Investments are valued at market value and revalued at the end of the year.
Stocks
Stocks are valued at the lower of the cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
Debtors
Amounts owing to the PCC in respect of fees, rents or other income are shown as debtors less provision for any amounts that may prove uncollectable. These are recognised initially at settlement amount. Prepayments are valued at the amount prepaid net of any trade discounts due.
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:
PAROCHIAL CHURCH COUNCIL OF ALL SAINTS’ CHURCH, FOUR OAKS AT 31 DECEMBER 2022
Accounting Policies continued
Cash and cash equivalents
Cash at bank and in hand and short-term deposits comprise cash and short-term highly liquid investments held with either CBF Church of England funds and, until 20th June 2022 Julian Hodge (Bankers), when this account was closed on their withdrawal from the business sector.
Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result ofa past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the PCC anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activities as a finance cost.
Financial Instruments
The PCC only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised as transaction value and subsequently measured at their settlement value.
Employee benefits - pensions
A defined contribution scheme is operated. The costs of post-employment benefits are recognised as a liability and an expense and is allocated to the relevant fund to which it relates.
Accounting estimates and areas of judgement
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The PCC carefully consider what level of professional support should be obtained in making these estimates and judgements and the cost of this in terms of the value it would bring to potentially interested parties and in carefully undertaking their duty in relation to charitable activities.
The PCC makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.
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PAROCHIAL CHURCH COUNCIL OF ALL SAINTS, FOUR OAKS, SUTTON COLDFIELD AT 31 DECEMBER 2022 Notes to the accounts
| und nd no 0 ' |
|---|
| INCOMEAND ENDOWMENTS FROM: |
| (1a) Donationsand legacies eaeopesincl. weeklypaymentsunderGift 10,255Pf ia38 |
| Annual,anny&Monthlypayments 39,177 39,177 42,163 under Gift Aid |
| _ |
| 1438) |
| Total2021 [62] Tt~—CdiC(‘CNTC“i«COC«CSWA7 |
| (1b) Activities forGenerating Funds |
| CollectionsforCharitable Purposes |
| Total2021 3805] |
| (1c) Incomefrom Church Activities Fees(Weddings&Funerals) ee 7) 1,987 FlowerGuild (Fees& Donations) <-> ] <8 SocialEvents |
| Church Centre: |
| Subscriptions —‘“‘LSSSCULLCCCUTTTCCTCCNAL NA Hire ofHall 59165] |
| Total2021 73,734]CCC C3,7384 |
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| (1d) Other income | |
|---|---|
| VATRecoverable: Equipment Purchases SundryIncome HMRCGrant re:Cleaner Total2022 |
14126]= |
| Total2021 | 614] |
| (1e) Incomefrom Investments | |
| Dividendsand interest Total2022 |
8,918lt ie 9,060 6,854 ggis}a2] |
| Total2021 | 6848] 6] |
| TotalIncome2022 | 181,961]_—«17,737]—S (ssi ]:Si9698]Sir’ |
| TotalIncome2021 | 163,257 3811 |
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PAROCHIAL CHURCH COUNCIL OF ALL SAINTS, FOUR OAKS, SUTTON COLDFIELD AT 31 DECEMBER 2022 Notes to the accounts continued
| Funds Funds Funds 2022 2021 |
|---|
| PCT ti‘ YTSC:‘($’’NW |
| EXPENDITURE ON: |
| (2a) ChurchActivities/Missionary&CharityGiving: |
| {i) Missionary Societies |
| a SC) U.S.P.G. a es ee ee ee >") |
| ii) Relief&Development Agencies British RedCrossAfghanistan Appeal a ee ee ee) 6]0) British RedCross Pakistan FloodAppeal TT tC~—CYCSC“‘(CS CSOULOCC‘C#‘éC+]COC*~‘(’S ;SGALUC IChristianAid —“—s™S~S™~—C—CCCCCY |
| (iii) Home Missions& Other Church Societies Children's Socie Tr C—iYC;®:*~“‘SSCOM)CSCOC‘(‘$’TNSN$S:SC SSC#$RNNNN 22SJ |
| (iv)Secular Charities [AcornsHospice—OS—C—OCCO |
| Asthma ReliefatWorkin SuttonColdfield |
| SubTotal=——ss t—“;‘“s;é‘~™SCC‘C‘éiGAL:OOOCCCKT] A258] 5,262, |
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| SundryExpenditure: |
|---|
| CarriedForward —sidGC(‘(sSCt AGA] 9G] |
| [DioceseCommonfund |
| Church Centre: |
| [Opening —“‘“‘CSCSLSC*‘é#OOSCO( C]CCC}C000] Pp Closing,SS s—“‘aLSSC C2,220)[ (4,000) VendingMachineStock: [OpeningStdCCC Pcsing CidCC Sataries/Bar StaffWages |
| Totai2022,——— Cti‘“‘C!;SCO#C(*43G62i 5,778] |
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PAROCHIAL CHURCH COUNCIL OF ALL SAINTS, FOUR OAKS, SUTTON COLDFIELD AT 31 DECEMBER 2022 Notes to the accounts continued
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d d 022 2021
PC t“‘ UCC] CC et
(2b) Raising Funds
Sale of Goods a es ee ee ee)
Stewardship Costs a a ee ee eee
Total of Raising Funds 2022 eses eC)
Total 2021 =) ee ee 7
EXPENDITURE
TOTAL 2022 | __220,343) 19,780] -|_—240,123|_S|
Total Expenditure 2021 144,184 5778| ss -|S| 149,962
(3) Staff Costs | [2022/2021]
Wages/Salaries 35,073 23,393
Nat. Insurance Costs
2,510 1,106
foalC—CSSTCCCCC(88,265] _ 25,078
During this period the PCC employed 2 Centre Managers, Bar Steward/Staff and Cleaner. The Vicar was reimbursed
travelling expenses £24 prior to his retirement. Apart from this no member received any reimbursement of
expenses or remuneration. The number of staff employed at the end of the year was 7, the average number of
employees over the year was 7 (7 - 2021). No employees received employment benefits (excluding pension costs) of
more than £60k.
In the absence of a Director of Music, freelance organists were used.
The PCC members are the key management personnel and no remuneration is received by them.
Insurance includes Trustee and church council indemnity cover and there is no separate premium for this. No
claims have been made under this policy.
(4a) Fixed Assets for use by the PCC
a All Saints
Knightsbridge |All Saints’ Community
Close, Four Church Centre, | Buildings, All
. . Oaks, Sutton |BelwellLane, {Saints Drive,
Tangible Fined Assets Coldfield Four Oaks, Four Oaks, Total
(Curate's Sutton Coldfield |Sutton
Book Value at 31.12.2021 249,950 1,074,493 | 675,395) 1,999,838
Book Value at 31.12.2022 249,950 1,074,493 675,395 1,999,838
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(i) Curate's House was purchased in 2009 and the open market valuation was completed by D.J.Abbott FRICS of Hollier Browne, 3 March 2009. Buildings currently insured for £418,218. Please see comment under item (iii) regarding revaluation of property.
(ii) The insurance valuation of the Church Centre Building has been utilised for this purpose. However it should be noted that the property, which was constucted adjacent to the Church in 1973 as a cost of £41k, is built on benefice land. The valuation was updated by Ecclesiastical Insurance under their review in 2017 at £1,143,078, although we are advised that a reduction of 6% (£68,585) needs to be applied to take account of demolition/site clearance costs included in their original figure and this aspect is reflected in the value.
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(iii) The Community Buildings, which are built on benefice land, were acquired by the Parish during 2006 as part of a development scheme and they are currently mainly used by the Guide and Scout organisations, although they are let out for other purposes. Again the insurance valuation has been utilised, which was updated by Ecclesiastical Insurance in 2017 at £718,505 and the 6% reduction (£43,110) has been applied as mentioned in the previous paragraph. It is acknowledged that the valuations included under (ii) and (iii) may not represent the current market values. Properties under (ii) and (iii) will be revalued when Ecclesiastical Insurance undertake a further review in 2024, this having now been delayed by the insurance company following the knock on effect of the pandemic.
| (4b)InvestmentsintheCentral Boardof Finance Investment Fund |
(MarketVatueas | 31December) | |||
|---|---|---|---|---|---|
| 1,368shares (Original Cost £2,987) | 28,265 | 32,036 | |||
| 1,165.66 shares (Original Cost£2,115) Registered in the name ofthe Curate's House Fund | 24,084 | 27,298 | |||
| 3,832.30shares (Original Cost £50,000) Registered in thenameof Old Vicarage. Purchased November2014 |
ofPartSaleProceedsof | 38 iBT , |
99.745 ; |
||
| 4,049.75shares (Original cost£55,000) Registered inthenameof Part Old Vicarage No: 2Account. PurchasedDecember2015 |
of PartSaleProceedsof | 83.674 f |
94,837 . |
||
| 114.02 shares (Original Cost£2,492) Registered in thename ofLuncheon Club. Purchased P April 2022 |
2,356 | ||||
| _ | |||||
| Marketvalueatbeginningofyear Shares purchased duringyear |
243,916] 2,492 |
||||
| 246,408 | 213,389 | ||||
| Un-realised gain/loss (-) on investment assets | (28,848) | 30,527 | |||
| MarketValueatendofyear | 217,560 | ||||
| Funds | Funds Funds |
2022 | 2021 | ||
| (5)AnalysisofNetAssets byFund | |||||
| Assets: | |||||
| Properties | 1,999,838 | 1,999,838] | 1,999,838 | ||
| Investments | 217,560 | 217,560 | 243,916 | ||
| Current Assets | 2,217,398 | = | 2,217,398 | 7 | |
| tins, Debtors,Stock, BankiCBE Accounts/Julian Hodge and Cash in hand} |
303,576 | 11,034 | 314,610 | ||
| Current Liabilities FundBalances |
(10,235), |
] |
2,510,739] ato3al |
||
| Analysisofrestrictedfunds Missions&Charitiesfund CDSmalley Legacy fund 6) Debtors Goods&Services Prepayments&Accrued Income OtherDebtors |
At1.1.2022/ —_Income | Expenditure | At31.12.22 |
_2,298 2,779 3,622;48]; 3,670 7,157; 94 |
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PAROCHIAL CHURCH COUNCIL OF ALL SAINTS, FOUR OAKS, SUTTON COLDFIELD AT 31 DECEMBER 2022 Notes to the accounts continued
| Funds Funds Funds 2022 2021 |
|---|
| De ne: eee eee eee |
| (7) Cash at Bank&Other Deposits |
| CurrentAccount 12,546 113 12,659 14,479 SavingsAccount 11,541 - 11,541 4,152 ee i eeOe = De churchCentre:BankAccounts « |
| church CentreReserveFunds |
| DepositwithJulian Hodge(Bankers) PartSale Proceeds ofOdVicarage —‘[elosed20062022 |
| (9)Commitments |
| Operating leasecommitments relatingto a photocopierare: |
| Duewithinoneyear |
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(10) Missions & Chariti
Following completion of the accounts the PCC agreed that £3,000 be made available for distribution to Missions and Charities. Allocation of these funds will be made during the early part of 2023.
(11) Related Party Transactions
The Church Centre paid Professional fees totalling £2,990 to Mrs V.M. Wardell (daughter of a PCC member) for bookkeeping and consultancy work.
(12) Allocation of 2022 Administration Costs (2021 figures in brackets)
Stationery/Administration
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Charitable Activities How Allocated
Funds
£2,846 (£3,091) £2,696 (£2,941)) £150 (£150) |Normal Usage
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Telephone/Internet
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£256 (£613)
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£256 (£613)| ~——_—= [Normal Usage Vicarage
Normal Usage Church
Centre
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Bank Charges
£920 (£426) £920 (£426) | ed Normal Usage
Professional Fees
Bookkeeping &
£2,990 (£2,805) £2,990 (£2,805) Consultancy work for
Church Centre
Independent
£750 (£750) £750 (£750) Examination of 2021 &
2022 accounts
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Split between Church and Centre as follows:
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£4,941 (3,202)
£5,788 (64,840)
£10,729 (£8,042)
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