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2021-12-31-accounts

HEDNESFORD PAROCHIAL CHURCH COUNCIL Deanery of Rugeley Diocese of Lichfield

Annual Reports & Financial Statements - Year ended 31 December 2021

Contents
Page
Annual reports 1 - 6
Independent Examiner’s Report 7
Statement of Financial Activities 8
Balance Sheet 9 - 10
Notes to the Accounts 11 - 16
.Incumbent
Reverend Paul Kelly
The Vicarage
Church Hill
Hednesford
Staffordshire
WS12 1BD

Bank Independent Examiner Lloyds Bank Plc Alan W Durose 3 Market Place Wynniatt-Husey Limited Cannock The Old Coach House Staffordshire Horsefair WS11 1BD Rugeley Staffordshire WS15 2EL

Registered Charity Number 1128668

Hednesford Parochial Church Council

Annual Reports

Year ended 31 December 2021

Trustees

The following people served as Trustees and members of the PCC during 2021

Rev'd Paul Kelly (Chairman) Caron Thomas (Reader) William Cooper (Treasurer) Graham Martin (Church Warden) Kathryn Kelly Emma Cardinal (Reader) Colin Westnidge

Rev'd Ann Kelly (Associate Minister) Bryn Wellings (Reader) Jane Lane (Deanery Synod rep.) Julie Richards (Church Warden) Joy Westnidge Jane Martin (Secretary) Carol Watson

Objectives and Activities

The PCC is committed to enabling as many people as possible to worship at our churches and to become part of our parish community. The PCC maintains an overview of worship throughout the parish and makes suggestions on how services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament. This work is summarised in the words of our Parish Mission Statement:

The family of Hednesford Parish love and worship God as they care for each other and the community and actively seek to bring others to know Jesus Christ.

To facilitate this work it is important that we maintain the fabric of the Parish Church of St Peter its Church Hall Complex and Churchyard together with the district church of St Saviour and be responsible for the financial management of the whole Parish.

Parochial Church Council Meetings took place as follows:

o 26-01-21 ZOOM
o 25-02-21 ZOOM
o 24-03-21 ZOOM
o 28-04-21 E-mail Extra-ordinary Meeting [Church/Hall Roof]
o 28-04-21 E-mail Extra-ordinary Meeting [Reader Licence Renewal]
o 06-05-21 APCM
o 09-06-21 ZOOM
o 03-08-21 ZOOM
o 21-09-21 Face-to-Face [Church]
o 30-11-21 ZOOM
o (2022 to date: 25-01-22 [ZOOM] and 01-03-22 [Face -to-Face])

Page 1

Warden’s Report

In the early part of 2021, our first priority task, the St Saviour’s Site sale was completed. The funds were then available and have been earmarked for ‘Mission and Outreach’ in line with the original Trusts which enabled the setting up and work at St. Saviour.

For another year the Churchyard Committee have not met and the ongoing concerns regarding statues and memorabilia remain. Requirements still need to be reinforced to ensure inappropriate additions to graves are removed. We have been indebted to Trevor Saunders throughout 2021, who has not only managed the financial aspects of the churchyard providing relevant and up to date information, but also co-ordinated maintenance work and kept an eye on the physical state of the Church Yard through frequent visits. To enable this work, a revitalised Committee will be needed with additional membership, to bring the work within the time constraints of the Church Wardens.

The Church Hall Committee also has not met for another year. Eunice Haycock has worked energetically to maintain the bookings and functioning of the Church Hall virtually on her own and we are very grateful to her. As with the Churchyard, now the pandemic is under control, a revitalised Committee will be needed with additional membership, to ensure the Hall is best used and maintained. In 2022 we project that work will be needed on the heating system, some of the fabrics are life expired, and some decorating will be a priority.

Within the Church the new heating system has been installed, and teething problems are being addressed. The Church roof has been repaired.

To enable flexible use of seating within the Church, post Covid for ‘social distancing’ and to be ‘Fitfor-Purpose’ for future worship needs, a Faculty was obtained from the Diocese for the removal of the rigid and heavy bench seating, with a view to replacement by contemporary seating in 2022. The Faculty approval included a required stage of notice to church members and the wider public of Hednesford, and no objections were received.

The Audio-visual system has been upgraded, with new projectors, and meet contemporary requirements, including the ability to put services on Youtube.

Generally, following reopening after the Covid shutdown, a robust sprayer and suitable solution were purchased to ensure all areas in regular use are sprayed to reduce risk of infection. Julie and Rob Watson worked long and hard to remove a considerable infestation of wood lice. Perimeter paths were cleared of weeds and the Church emergency doors were cleared of overgrowth to ensure safe use.

Page 2

A solution to the need to ensure the continuity of effective cleaning of Church and Hall is being actively sought, with our thanks to Janet for undertaking some interim work.

Quotations have been sought for decoration of the entrance hall, vestry, toilets, and hall access corridors. Work is intended to be undertaken early in 2022.

The persistent leak in the Church Hall roof was being attended to, yet again and will continue into 2022.

Comprehensive PAT testing has again been completed to ensure our electrical appliances are compliant for another year.

Incumbent’s Report

The purpose of this report is to inform and update about the activities of the Church in the Parish of Hednesford. Every Church of England church has the same aim: ‘To promote the whole mission of the Church, pastoral, evangelistic, social and ecumenical’.

2021 was another difficult year for our Parish and for the community of Hednesford and for all communities and countries of our world and this report will reflect the challenges and the continued ministry during the year.

2021 was in a lot of respects a continuation of 2020 with Coronavirus restrictions still in place, but we gave thanks for the Vaccination programme which helped protect us and our community. WORSHIP

We continued sharing worship online during week days and we went live from Church at the beginning of the year.

We were able to open the church for private prayer on a Wednesday and we accepted Donations for the Food Bank on these days, later in the year we recommenced the 11 a.m. Communion Service.

When we were able to meet in limited numbers in church, we had a booking in process and we continued to wear masks and social distance. It was good on a number of Sundays to hold worship outside the front of the church, which attracted the attention of passers by and the neighbours and enabled us to sing without wearing masks.

It was good to meet for worship at Christmas, with a Carol Service and Christmas Services, we had a booking system and had limited numbers with socially distant seating. We also had carolling outside the church and were joined by a small group of residents from Church Hill.

PATORAL MINISTRY / OCCASIONAL OFFICES

The Pastoral Ministry by the Clergy and the Ministry Team continued via telephone, but it was also good to catch up when people came back to church, and when people came on a Wednesday to Open Church.

Funerals were able to be conducted in Church, but again with limited numbers and masks and social distancing still in place.

In July we re-commenced Baptisms and began to catch up by having Baptisms every week, still with limited numbers attending beginning with 30 and in September we raised this to 50 in our new 11a.m. service.

Our Weddings were few in number in 2021 and were held with some restrictions in place including face masks.

NEW from 2021

The New 11 a.m. Service which is an All Age contemporary service commenced in September 2021 and on the second and fourth Sundays Baptism’s take place in this service. This service also includes activities for Children.

SOCIAL & FUNDRAISING

The pandemic had stopped us from being able to fund raise for the Parish which has had a detrimental effect on the Churches finances.

Page 3

In 2021 we were able to hold our first Saturday Coffee Morning since 2019 and we also re-instated the Refreshments after church under strict Covid Guidelines.

In the October we held our first Social event with a Quiz night and Fish & Chip Supper for Harvest all done with social distancing and covid safeguards.

ST. PETER’S Church of England Academy

During 2021 we continued to record videos for classroom collective worship but it was also good to have each year group (Over 400 pupils) come to church for our Bethlehem Experience, where they explored the road to Bethlehem and took part in activities which explored the birth of Jesus, and how we can show care and concern for others in our communities and our world.

CONGREGATION

It is important to note that some people who previously attended Church regularly have now, through choice or circumstance, not returned after the easing of restrictions. We pray that they will find a new spiritual home and we also continue to support people who through illness are not able to come to church.

We also give thanks for the six new people that God has brought to our church family during 2021. Church as we knew it pre-pandemic has changed and we have had to adapt in order to continue to share God’s mission of love and forgiveness.

ST. SAVIOUR’S CHURCH

I would like to say a special thank you to Graham Martin who worked tirelessly on behalf of the PCC in the Sale of St. Saviour’s Church, the sale finally went through in 2021. Thank you also to William Cooper who has guided us through the Financial costings and expenses in the sale. This enabled us to install the new heating system in St. Peter’s Church as the old system had come to the end of it’s life, thank you to Rob Watson who has overseen the work and installation of Heating System

We give thanks for the ministry and mission of St. Saviour’s Church and we look to funding the mission of the Parish in future days, through careful stewardship and forward planning.

CHURCH HALL

During 2021 the church hall main user ‘Class One Dance Academy’ returned and put in place Covid safe practices and shared in keeping the environment safe by cleaning touch points and having sanitising stations and using a one way system of entry and exiting. They also undertook cleaning as well.

HEDNESFORD CHURCHES TOGETHER

Once again because of the Pandemic we were not able to hold joint gatherings and events during 2021. We once again put together a Virtual Walk of Witness which we shared on The Hednesford Churches Together Facebook Page and shared to our individual church pages as well. Although unable to meet physically as ministers we did meet via ZOOM and prayed and shared together and organised the Virtual Walk for Good Friday.

COMMUNITY

In August we had a stand at the Hednesford Festival in the Park, where we handed out free activity packs to the children and free gifts for adults. We also handed out Church leaflets and sold pens and postcards with St. Peter’s Church on. But more importantly we spoke and shared with lots of people.

We were able to hold a Remembrance Sunday Service in Church with reduced numbers and face masks followed by a Parade to the War Memorial and through the town to the Soldiers Club. I was also able to lead the Hednesford Town Football Club Christmas Carol Concert at Keys Park, this included participation by Hednesford Salvation Army Band and St. Peter’s Academy School. We continued to support the Cannock and District Foodbank with collections of food and supplies on Wednesdays.

SHAPING FOR MISSION

The Church of England nationally and The Diocese of Lichfield in 2021 acknowledged the need to explore the future shape of the Church post pandemic and this meant facing the realities of financial shortfalls, which will have implications on deployment of Clergy. But this led to a wider vision of what shape the mission of the Church will take in the future and how do we fund that mission.

Each Deanery in our Diocese were asked to enter into a period of exploration and as part of that exploration each Parish were asked to share their vision for this period.

Page 4

I was a member of a Deanery Group who met via Zoom on a number of occasions during 2021 and at the only Deanery Synod held in 2021 the Deanery Shaping for Mission Plan was accepted. Below is the Outline of our Hednesford Parish Plan:

1.What is your vision/plan for building/strengthening relationships with your local community? In line with the Church of England we are looking at a vision to be a SIMPLER, HUMBLER and BOLDER CHURCH and to engage in partnerships to reach out to our community.

  1. GROWING A YOUNGER CHURCH – looking at ministry to families, children and youth. Developing a new 11 a.m. service which is family and child friendly. Beginning separate Children and Youth groups.

  2. GROWING A SHARING CHURCH – enabling sharing our faith through words and deeds. Reaching out to our community. Being actively involved in the already developing Hednesford Churches Together. Encouraging the Brownie group who have recently moved into our church Hall.

  3. GROWING A CARING CHURCH - Strengthening our work with the Foodbank, continuing to develop our ‘Mix & Mingle’ group for senior citizens who may be lonely. Continuing our journey in becoming a Dementia friendly church & a Place of Welcome.

  4. GROWING A PRAYING CHURCH - To strengthen the work of our prayer group and to expand into less formal prayer ministry, forming prayer bubbles / partners and chains.

  5. GROWING A DEEPER CHURCH – through teaching, prayer and Bible study groups and through running courses including Alpha / Christianity Explored etc.

(More detailed information on our plan is available on request)

During 2021 we have already moved forward in our Parish Plan and in future days we will be joining with Churches within our Deanery to share resources and look at shared mission objectives and training.

FINANCE

I would like to thank everyone who has continued to give financially toward the mission of St. Peter’s Church in the Parish of Hednesford during 2021.

We are still facing difficult financial decisions and we still owe backdated Parish Share which has now been renamed and changed and will now be known as The Common Fund.

In my report last year I made this appeal to you and I would repeat that appeal at this time:

I would ask that you would continue to give toward the Ministry of your Church at this time, your support has never been more needed. God will bless us if we are faithful in this area of our service to Him.

If you have not increased your giving then we would urge you to Pray and respond to the URGENCY of our situation, because the survival of St. Peter’s Church depends on EVERYONE responding.

As I finish this report I am aware that many in our community will be facing greater challenges in future days to feed their families and heat their homes, we as a Church must seek ways to be a source of help and resource for those in our community facing these challenges.

Page 5

The mission of the Church is Jesus’s Mission and he has asked us to be a part of it :

Matthew 25:35-40

35 For I was hungry and you gave me something to eat, I was thirsty and you gave me something to drink, I was a stranger and you invited me in,[36 ] I needed clothes and you clothed me, I was sick and you looked after me, I was in prison and you came to visit me.’ 37 “Then the righteous will answer him, ‘Lord, when did we see you hungry and feed you, or thirsty and give you something to drink?[38 ] When did we see you a stranger and invite you

in, or needing clothes and clothe you?[39 ] When did we see you sick or in prison and go to visit you?’ 40 “The King will reply, ‘Truly I tell you, whatever you did for one of the least of these brothers and sisters of mine, you did for me.’

Let us rise to the challenge of Jesus and let us get involved in our community to meet the needs of those who are struggling, and let’s do it to the glory of God through our Lord Jesus Christ.

Page 6

Independent Examiner’s Report to the Parochial Church Council of Hednesford

St Peter's Parish Church

I report on the accounts for the year ended 31 December 2021 which are set out on pages 8 to16.

. Respective responsibilities of the Trustees and Independent Examiner

As trustees and members of the PCC you are responsible for the preparation of the financial statements and consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

. Basis of Independent Examiner’s Statement

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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in full audit, and consequently I do not express an audit opinion on the accounts.

Independent Examiner’s Statement

In connection with my examination, no matters have come to my attention:

1) which give me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with s.130 of the 2011Act; or

to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or

2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Alan W Durose, Wynniatt-Husey Limited Wynniatt-Husey Limited The Old Coach House, Horsefair, Rugeley, Staffordshire. WS15 2EL 19 February 2022

Page 7

Hednesford Parochial Church Council – 1128668

Statement of Financial Activities

For the period from 01 January 2021 to 31 December 2021

Unrestricted Restricted Endowment Total Prior year
Funds Funds Funds Funds total funds
Income and endowments from:
Donations and legacies 47,606 — — — 47,606 51,410
Income from charitable activities 27,099 600 — — 27,699 21,245
Other trading activities 1,439 — — — 1,439 3,182
Investments 29 12 3 — 43 261
Other income 196,813 — — — 196,813 —
Total income 272,985 612 3 — 273,600 76,098
Expenditure on:
Raising funds 44 — — — 44 167
Expenditure on charitable activities 131,963 — — — 131,963 103,175
Total expenditure 132,007 — — — 132,007 103,343
Net income / (expenditure) resources before transfer 140,978 612 3 — 141,593 (27,245)
Transfers
Gross transfers between funds - in 3,600 13,886 — — 17,486 921
Gross transfers between funds - out (13,886) (2,600) (1,000) — (17,486) (921)
Other recognised gains / losses
Gains / losses on investment assets — — — — — —
Gains on revaluation, fixed assets, charity's own use — — — — — —
Net movement in funds 130,692 11,898 (997) — 141,593 (27,245)
Reconciliation of funds
Total funds brought forward 516,544 20,190 6,051 — 542,785 570,030
Total funds carried forward 647,236 32,087 5,054 — 684,378 542,785

Page 8

Hednesford Parochial Church Council

Balance Sheet as at 31 December 2021


Fixed assets
6430: Halls
6431: Printer and copier
6432: Sound system
6433: Hymn Books purchased (St P)
6434: Hymn book trolley (St P)
6435: Audio Visual System
6436: Fire Proof Safe
Total Fixed assets
Current assets
6501: P C C current account
6502: 32 Day Deposit account
6505: Parish Churchyard bank account
6510: CCLA (CBF) deposit account
6515: St Peters church hall bank
6590: Cash in hand
Z05: Accounts Receivable
Total Current assets
Liabilities
6601: Creditors
6699: Agency collections
Z04: Accounts Payable
ZO6: Creditors falling due after 1 year
Total Liabilities
Net Asset surplus (deficit)
Reserves
Excess / (deficit) to date
Z01: Starting balances
Z02: Gains/(losses) on investment assets
Total Reserves		 31/12/2021 31/12/2020
550,000.00
550,000.00
—
—
—
—
—
—
—
—
—
—
—
—
550,000.00
550,000.00
1,763.84
2,636.46
113,412.86
—
3,835.43
2,601.92
37,141.60
26,240.95
5,911.23
3,382.76
—
—
—
6,440.00
162,064.96
41,302.09
24,792.00
21,717.10
—
—
2,895.00
—
—
26,800.00
27,687.00
48,517.10
684,377.96
542,784.99
141,592.97
(27,244.92)
542,784.99
570,029.91
—
—
684,377.96
542,784.99

Page 9

----- Start of picture text -----
Represented by Funds
Unrestricted 647,236.36 516,544.04
Designated 32,087.45 20,189.86
Restricted 5,054.15 6,051.09
Endowment — —
Total 684,377.96 542,784.99
----- End of picture text -----

Approved by the Parochial Church Council on 1 March 2022 and signed on its behalf by :

Reverend Paul Kelly (PCC Chairman) Paul Kelly

The notes on pages 9 to16 form part of these accounts.

Page 10

For the period 01 January 2021 to 31 December 2021

Total Total

Hednesford Parochial Church Council – 1128668 Analysis of Income and Expenditure

Unrestricted Designated Restricted Endowment This year Last year

Income and endowments

Donations and legacies
0101 - Gift Aid - Bank 10,270 — — — 10,270 12,644
0110 - Gift Aid - Envelopes 9,052 — — — 9,052 13,296
0201 - Other planned giving 5,995 — — — 5,995 4,025
0301 - Loose plate collections 2,547 — — — 2,547 3,553
0401 - Regular gift days — — — — — —
0410 - Giving through church boxes — — — — — —
0501 - One-off Gift Aid gifts — — — — — 400
0510 - Gifts of quoted securities — — — — — —
0550 - Donations appeals etc 1,849 — — — 1,849 2,348
0601 - Tax recoverable on Gift Aid 5,493 — — — 5,493 7,031
0701 - Legacies 12,000 — — — 12,000 —
0801 - Recurring grants — — — — — —
08A1 - Non-recurring one-off grants 400 — — — 400 8,112
0901 - Other funds generated — — — — — —
0905 - C L & C G Brigade income — — — — — —
0906 - Junior Church income — — — — — —
Donations and legacies Totals 47,606 — — — 47,606 51,410
Income from charitable activities
1101 - Fees for weddings and funerals 20,302 600 — — 20,902 18,206
1102 - Fees Remembrance book 8 — — — 8 125
1210 - Bookstall sales to promote — — — — — —
objectives
1230 - Church hall lettings - objectives 6,790 — — — 6,790 2,915
Income from charitable activities 27,099 600 — — 27,699 21,245
Totals
Other trading activities
0910 - Fund raising 1,439 — — — 1,439 2,176
1220 - Bookstall sales - fund raising — — — — — —
1240 - Church hall lettings - fund raising — — — — — —
1250 - Magazine income - advertising — — — — — 455
1260 - Parish magazine sales — — — — — 551
Other trading activities Totals 1,439 — — — 1,439 3,182
Investments
1001 - Dividends — — — — — —
1020 - Bank and building society 29 12 3 — 43 261
interest
1030 - Rent from lands or buildings — — — — — —
Investments Totals 29 12 3 — 43 261
Other income
1310 - Insurance claims — — — — — —
1320 - Surplus - sales of fixed assets 196,813 — — — 196,813 —
Other income Totals 196,813 — — — 196,813 —

Page 11

Income and endowments Grand totals

272,985

612

3

273,600 76,098

—

Expenditure

Raising funds
1710 - Costs of applying for grants — — — — — —
1720 - Costs of stewardship campaign — — — — — —
1730 - Costs of fetes & other events 44 — — — 44 167
1740 - Investment management costs — — — — — —
Raising funds Totals 44 — — — 44 167
Expenditure on charitable activities
1801 - Giving to missionary societies 300 — — — 300 300
1830 - Giving - relief and development — — — — — —
agencies
1850 - Home mission — — — — — —
1870 - Secular charities 435 — — — 435 889
1901 - Stipends quota — — — — — —
1910 - Ministry parish share etc 37,504 — — — 37,504 64,900
2001 - Assistant staff costs — — — — — 25
2050 - Salary of parish administrator — — — — — —
2101 - Working expenses of incumbent 131 — — — 131 235
2120 - Council tax — — — — — —
2130 - Vicarage expenses 250 — — — 250 340
2140 - Water rates - vicarage — — — — — —
2145 - Parsonage - water — — — — — —
2150 - Vicar's telephone 542 — — — 542 441
2170 - Education — — — — — —
2175 - Pebbles and Creche — — — — — —
2201 - Parish training and mission — — — — — —
2202 - Green Heath Community Church — — — — — 40
2301 - Church running - insurance 856 — — — 856 855
2310 - Church - internet 38 — — — 38 —
2320 - Organ / piano tuning — — — — — —
2325 - Organist and Verger costs 1,500 — — — 1,500 1,575
2330 - Church maintenance 16,878 — — — 16,878 856
2331 - Cleaning 199 — — — 199 571
2340 - Upkeep of services 471 — — — 471 137
2345 - Choir and Brigade support costs — — — — — —
2350 - Upkeep of churchyard 17,374 — — — 17,374 19,375
2359 - Printer Lease Rental 2,011 — — — 2,011 2,011
2360 - Administration 1,611 — — — 1,611 1,709
2361 - Postage and stationery 467 — — — 467 593
2362 - Depreciation — — — — — —
2370 - Refreshments/Flowers/Gifts 225 — — — 225 239
2401 - Church running - electric 454 — — — 454 461
2410 - Church running - gas 734 — — — 734 830
2420 - Church running - water 122 — — — 122 129
2430 - Church running - oil — — — — — —
2440 - Church running - St Saviour 1,095 — — — 1,095 1,901
(closed)
2501 - Magazine expenses — — — — — —
2510 - Bookstall costs — — — — — —
2520 - Hall running - oil — — — — — —
2530 - Hall running - electricity 1,141 — — — 1,141 1,146
2540 - Hall running - gas 588 — — — 588 1,021
2550 - Hall running - insurance 876 — — — 876 876

Page 12

2560 - Hall running - maintenance 1,656 — — — 1,656 1,640
2570 - Hall running - administration — — — — — —
2580 - Hall running - water — — — — — —
2590 - Hall running - heating and — — — — — —
lighting
2601 - Governance costs 80 — — — 80 80
examination/audit fee
2701 - Church major repairs - structure — — — — — —
2710 - Church major repairs - 44,424 — — — 44,424 —
installation
2720 - Church interior and exterior — — — — — —
decorating
2801 - Hall + major repairs - structure — — — — — —
2820 - Hall + major repairs - installation — — — — — —
2830 - Hall + interior and exterior — — — — — —
decorating
2840 - Other PCC property upkeep — — — — — —
2901 - New building parsonage house — — — — — —
2910 - New building house for curate — — — — — —
2915 - New Churchyard costs — — — — — —
2920 - New building Church — — — — — —
2930 - New building Hall — — — — — —
Expenditure on charitable 131,963 — — — 131,963 103,175
activities Totals
Expenditure Grand totals 132,007 — — — 132,007 103,343

Page 13

Hednesford Parochial Church Council

Notes to the Financial Statements

Year ended 31 December 2021

. Accounting Policies

The financial statements have been prepared in accordance with the Statement of Recommended Practice or Charities (SORP 2015) together with applicable accounting standards (FRSSE) or (FRS 102).

The financial statements have been prepared under the historical cost convention. The financial statements 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. The tax recoverable on gift aid is only recorded when received from the Inland Revenue.

.Fixed Assets

Consecrated and benefice property is excluded from the accounts by s.10(2)(a)&(C) of the Charities Act 2011.

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, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements.

Tangible fixed assets Tangible fixed assets Church
Equipment
£.p
Actual cost 1 January 2021 15,087.81
Additions -
Disposals -
at 31 December 2021 15,087.81
Depreciation at 1 January 2021 15,087.81
Charge for the year (at 20% straight line) -
Relating to disposals -
at 31 December 2021 15,087.81
Net book value at 31 December 2021 £ 0.00
at 31 December 2020 £ 0.00

.Description of Funds

Restricted funds comprise of two elements:-

a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest

b) donations or grants received for a specific 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. The PCC does not usually invest separately for each fund. Where there is no separate investment interest is apportioned to individual funds on an average balance basis.

Page 14

Hednesford Parochial Church Council

Notes to the Financial Statements (continued)

Year ended 31 December 2021

Unrestricted funds are income funds which are to be spent on the PCC's general purpose.

Incoming Resources

Planned giving, collections and donations are recognised when received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due. 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 or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross.

Funds Reconciliation - 2021

Reserves Incoming Resources Reserves
1 January Resources Expended 31 December
Unrestricted Funds: 516,544.04 256,099.34 125,407.02 647,236.36
Designated Funds
1) Contingency 1,768.15 10,601.90 12,370.05
2) Pebbles/St.Peter's 326.53 0.17 326.70
3) Organ 4,764.03 602.51 600.00 4,766.54
4) Churchyard 13,331.91 6,293.01 5,000.00 14,624.92
Restricted Funds:
1) CL&CG Brigade 1,347.41 0.70 1,348.11
2) St Peter's Repair 4,702.92 2.36 1,000.00 3,705.28
3) Organ 0.00 0.00
4) Churchyard 0.00 0.00
Total Funds 542,784.99 273,599.99 132,007.02 684,377.96

Page 15

Hednesford Parochial Church Council

Notes to the Financial Statements (continued)

Year ended 31 December 2021

~~a~~ ~~Se~~
Debtors
~~a~~		 2021
~~Se~~		 2020
St Saviour Sale Costs
~~a~~
~~a~~		 £0.00
~~Se~~		 £6,440.00
Fees due
~~a~~		 £0.00 £0.00
~~a~~
Total
~~a~~
~~a~~		 £0.00 £6,440.00
~~a~~
~~a~~
Creditors
~~a~~
~~a~~
~~OC~~		 ~~OC~~ ~~OC~~
Amounts falling due in one year
~~OC~~
~~a~~		 ~~OC~~ ~~OC~~
Parish Share-Long term
~~a~~
~~a~~		 £0.00 £26,800.00
Parish Share–Current
~~a~~		 £24,792.00 £21,588.00
Rev’d P Kelly Expenses
~~a~~		 £0.00 £129.10
Short term loan
~~ee~~		 £2,895.00
~~ee~~		 £0.00
~~ee~~
Total
~~ee~~
~~a~~		 £2,895.00
£27,687.00
~~ee~~		 £48,517.10
~~ee~~
~~a~~
~~a~~

Analysis of Net Assets

General
Unrestricted
Funds		 Designated
Funds		 Restricted
Funds		 Total
Fixed Assets £550,000.00 £550,000.00
Current Assets £124,923.36 £32,087.45 £5,054.15 £162,064.96
Current Liabilities £27,687.00 £27,687.00
Total £647,236.36 £32,087.45 £5,054.15 £684,377.96

During the year St Saviour closed church and surrounding land was sold giving net of sale costs a figure of £196,812.80. Part of this amount paid for replacing the heating system in St Peter’s and also covered the cost of upgrading the A V system. Remaining balance has been placed in a 32 Day Deposit account to make the best of current interest rates.

Proceeds from the sale in January 2012 of the church and surrounding land at St. Michael's, Rawnsley are held by Lichfield Diocesan Trust on behalf of the PCC.

The balance at 31 December 2020 was £30,039.23 . During the year we have drawn £2,220.00 from these funds to pay for church roof repairs leaving the balance at £27,819.23 at

31 December 2021. Interest earned by this deposit is paid to the PCC account quarterly.

Grants given to other Charities during the year totalled £735.00 and consist of:

Toybox
4		 £300.00
Compton Care
4		 £ 49.00
Midland Air Ambulance £ 90.00
4		 Midland Air Ambulance £ 90.00
St Gile’s Hospice
4		 £ 45.00
Nethermoor House
4		 £ 50.00
British Lung Foundation
4		 £ 14.00
RJAH Charity
4		 £146.00
Poppy Appeal
4		 £ 50.00

Page 16