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2020-12-31-accounts

THE PAROCHIAL CHURH COUNCIL OF THE ECCLESIASTICAL PARISH OF

BOLDMERE ST MICHAEL’S

For The Year End 31st December 2020

1

CONTENTS

Trustees‘ Annual Report

2

Independent Examiners Report……………………………….... Statement of Financial Activities

9

10

…………………………………………..

Balance Sheet

………………………………….……….

Notes to the Accounts………………………………

11 12

Boldmere, St Michael’s PCC 2020 Annual Report & Accounts

February 2020

2

2020 TRUSTEES’ ANNUAL REPORT

Report of St Michael’s PCC – January 2020 to December 2020

Members:

PCC members who have served from 1[st] January 2020 until the date this report was approved are:

Incumbent:

The Rev’d G Birchall

Curate: The Rev’d C Walker Moved August 2020 The Rev’d S Cocks Joined July 2020

The Rev’d E Sykes Resigned 31 May 2020 Mrs J Nicholls (ex-officio) Resigned June 2020

Associate Minister:

Children’s & Families Mrs J Nicholls (ex-officio) Resigned June 2020 Missioner: (ex officio) Churchwardens: Mr P Swaine Mrs J Leonard Representatives on Mrs V Britton Appointed October 2020 Deanery Synod: Mrs M Smolden Mrs C Green Term expired October 2020 Mrs J Upton Term expired October 2020 Mr Gary Connell Appointed October 2020 Mrs D Tye Appointed October 2020 Elected Members: Mrs C Green Term expired October 2020 Mrs A Grudzinski Term expired October 2020 Mr A Sykes Resigned May 2020 Mrs D Tye Deanery Synod Oct 2020 Mrs J Upton Term expired October 2020 Mrs M Wilkinson Mrs B Edmonds Mr P Knight Mr P Leonard Mr R Smart (Treasurer) Treasurer until June 2020 Mrs E Connell Mrs H Bryer Mrs J Peel Mrs E Riley Appointed October 2020 Mr M David Appointed October 2020 Co-opted Members: Mrs H Harrison (Lay Chair) Formally appointed to PCC October 2020

Note: Members of The PCC are elected for a term of 3 years, with a maximum of 6 years’ continuous membership.

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February 2020

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Structure, Governance and Management

Members of the PCC are ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.

The PCC operates through a number of committees, which meet between full meetings of the PCC and report in to the PCC:

➢ Standing Committee

This is the only committee required by law. It has power to transact the business of the PCC between its meetings subject to any directions given by the Council.

➢ Finance Committee

Oversees the general financial dimension of the work of St Michael’s by monitoring income and expenditure, budgeting and co-ordinating the annual review of the Christian Stewardship of money through planned giving.

➢ Churchyard Committee

To ensure the upkeep of the churchyard.

➢ Fabric Committee

To attend to the upkeep and stewardship of the buildings and fabric belonging to the church, the house in Southam Drive and the flat at Moorfield Court.

➢ Magazine Committee

To produce and distribute a parish magazine.

➢ Mission Agency Support Committee

To promote awareness of the Gospel, to support and raise funds for mission organisations and mission partners.

➢ Hall Committee

To Hall Committee no longer meets as the management, bookings and finances of the Church Hall is undertaken by the Parish Administrator

➢ Social Committee

To arrange social functions for the benefit of all members of St Michael’s and their friends.

➢ Community Outreach Committee

To extend the work and influence of St Michael’s within the Parish.

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February 2020

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➢ Bazaar Committee

To raise money from the local community for all aspects of life and commitments at St Michael’s.

Objectives and activities

St Michael’s PCC has the responsibility of co-operating with the incumbent, the Rev’d G Birchall, in promoting within the Ecclesiastical Parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the Church of St Michael’s.

Public Benefit

The members of the PCC have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the aim and objectives of the PCC and in planning any future activities. In particular, the members have considered how planned activities will contribute to the aims and objectives set.

Church attendance

There are 157 (2019: 170) parishioners on the Church Electoral Roll. 2020 Church attendance was impacted by the Covid-19 Pandemic. Between January 2020 and March 2020 services were conducted in church with Sunday attendance being 75 Adults and 20 Children (2019: 125 Adults and 20 Children).

From the end of March until July 2020 services were offered online via Facebook estimated to be 40+. From July to December services were held in Church with a restricted number of people able to attend but with media streaming via Zoom. Estimated numbers being 45-50 persons attending church and 20 viewing from home.

Christmas Eve services were held outdoors with 217 attending.

In addition to the main services children’s groups were delivered via Zoom and Facebook from the end of March until the end of the year with estimated numbers viewing of between 12 and 20.

St Michael’s PCC met ten times, nine times for business meetings and once for an away morning in January 2020 when the PCC considered ways of sharing faith as part of Leading the Church into Growth.

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February 2020

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Financial Review

Total income for unrestricted funds was £152,940 of which £93,389 was unrestricted voluntary donations, £19,137 from Gift Aid, £6,002 Job Retention Scheme and £1,800 in Grants. Restricted voluntary income of £6,345 was also received and is detailed in the Financial Statements.

Overall voluntary income was virtually unchanged compared to 2019 despite Planned Giving decreasing by £7,267 representing a 9% decrease and Collections at Services decreasing £3,264 representing a 83% decrease. These decreases were offset by the Job Retention Scheme (£6,002), The 2020 Appeal which raised funds towards the general fund (£8,023) & a one-off donation of £10,000.

The global pandemic caused significant reductions in income from Fundraising & Hall Hire. Fundraising decreased by £4,849 representing a 71% decrease while Hall Hire decreased by £12,124 representing a 64% decrease.

£178,348 was spent from unrestricted funds to provide the Christian ministry from St Michael’s representing a reduction of 14%. This decrease was due to a reduction in the running costs of both the church and its activities due to long periods of closure or reduced use due to the global pandemic.

Restricted expenditure in 2020 was £3,950.

The Southam Drive property was revalued in 2020 increasing in value by £206,000 to £375,000. The increase was split across General Fund (£126,690) & the restricted Epiphany Fund (£79,310).

The net result for the year was an increase in total funds of £181,108 (22.1%) this being made up of an increase in unrestricted funds of £100,125 and an increase in restricted funds of £80,982. The total fund balances at the year-end stood at £1,001,672 (Unrestricted: £410,774; Designated £357,346 and Restricted £233,551).

Risk Management

St Michael’s has a child protection policy in place, and the Churchyard Committee has a rolling programme of reviewing safety in the churchyard. We have a health and safety policy. Risk assessments were produced for use of Church Buildings and Church services during the pandemic. Reserves Policy

The £233,551 (2019: £152,569) in restricted funds is held in accordance with the terms attached to each of the funds. £410,774 (2019: £225,574) of unrestricted funds is invested in freehold land, building and equipment for use of the church and its curate. This leaves £357,347 (2019: £442,421) towards our current average quarterly expenditure of £35,880 expecting to increase in 2021 as Covid-19 Pandemic lockdown restrictions are lifted and usual church activities recommence.

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February 2020

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A summary of the decisions and issues considered by the PCC in 2020.

Church Growth

For January and February, the PCC continued to have a standing item when members reflected on real life stories and examples of Church Growth that they had experienced at St Michael’s.

Finance

The PCC discussed the reinvestment of some of church funds to gain a higher rate of income from reserves. The Standing Committee were tasked with identifying the level of risk of investment that we wanted to take. In July it was decided to put this process on hold following the impact of the first Covid 19 Lockdown.

The PCC were informed that Rev’d Gary Birchall had taken on the role of ‘Acting Treasurer’ following the resignation of Rick Smart as Treasurer in June.

A decision was made to cease using the Contactless Terminal as it was discovered that there were a lot of hidden charges that we had not been informed of.

The PCC appointed an Examiner of Accounts via Data Development on recommendation of Amanda Homer in the Diocesan Finance Department. This would be for the examination of the 2019 accounts and would cost £500 + VAT.

The PCC resolved to use the Parish Book provided by Birmingham Diocese.

In response to projected shortfall in income for 2020, the PCC approved a “St Michael’s Gift Week” with the aim of raising “£20, 000 for 2020”

Ministry and Mission

CFM, Jeanette Nicholls, gave the PCC advance notice of her early retirement at the end of June 2020.

Safeguarding

The PCC were informed that it was their duty to report all serious incidents to the charity commission. Birmingham Diocese provided pathways for reporting both safe guarding incidents and other serious incidents. The PCC agreed to allocate the responsibility for reporting safeguarding incidents be delegated to the Safeguarding Officers in church. The PCC agreed to allocate the responsibility for reporting other serious incidents to the Standing Committee.

The safeguarding team are working towards St Michael’s achieving everything on the Diocesan ‘dashboard’ and have an action plan in place.

Training – all PCC members must complete a basic awareness course, which can be done online as individuals or could wait until we are able to meet as a group, face-to-face.

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All other officers (such as children’s group leaders, pastoral carers etc) will also need to complete a more in-depth training. Most are currently out of date with this, but it will wait until the Diocese provide the training, expected in 2021.

Community

Rev’d Gary Birchall informed the PCC of new parking regulations to be implemented on Church Road and how this would impact parking for St Michael’s church.

Peter Knight presented to the PCC his book ‘The little church on the hill: a history of St Michael’s church’ The PCC agreed to approve the funding of the production of 100 copies at a cost of £1183, with a view to selling them at £20 each, with any profit going into general church funds.

Pastoral

In March 2020 a telephone network of pastoral care was set up in response to the coming Lockdown. This was not a decision made by the PCC but supported by many of its members who active in ringing people to keep in touch and offer pastoral support. This support was extended to members of the Lunch Club.

Fabric

The PCC approved electrical testing and remedial work that needed to be done on the Church Hall as a result.

The PCC approved the removal of a large tree in the Church Hall carpark. The roots were impacting on the surface of the carpark and potentially could cause future damage to the foundations of the church hall.

Cadent, as a result of Government directive, laid a gas line direct to the Scout Hut. This meant that the Church Hall and the Scout Hut now had separate gas supplies and meters.

Worship

Following the first Lockdown, the PCC voted for St Michael’s Church, Boldmere to re-open for Public Worship on Sunday 26th July with one service at 10.00am. Attendance at this service will be by booking a seating bubble in the church through the Parish Office. This remained the case until the second Lockdown in November. The church reopened for worship in December and for Christmas Day. In the mean time services took place on Zoom.

The PCC received a report on research that he had undertaken as part of his training regarding the impact of the provision of worship in church and on line during the early months of Lockdown.

LOCKDOWN

The PCC were kept informed about when and for how long members of the Church staff were on furlough, or flexible furlough. The PCC were required to discuss and decide a pattern of worship during various stages of the Covid 19 pandemic.

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February 2020

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Vicar’s Report

2020 began with hope as the PCC considered way of encouraging and enabling the people of the church to share their faith as part of our Leading Your Church into Growth programme. When the first Pandemic Lockdown began at the end of March, it felt as though the rug was being pulled from under our feet at a time of growth in the life of the church. There was a rapid response as we discovered new ways of leading worship online. Very early on, I became seriously ill, and Rev’d Cath Walker took the initiative in enabling worship during Lent, Holy Week and Easter with the support of Readers and other members of the church. This was a very demanding time as the church was adjusting rapidly to new circumstances and I would like to personally thank Cath and other members of the church leadership and ministry team for all they did.

Rev’d Cath Walker was appointed Vicar of St Michael’s Mottram with Broadbottom and Hattersley East in Chester Diocese and she moved in August at the end of her curacy. We were also able to welcome Rev’d Simon Cocks as Self-Supporting Curate in July 2020, and eventually he was ordained as Deacon at Birmingham Cathedral in September 2020. We also said farewell to Jeanette Nicholls, our Children’s and Families Missioner as she moved to Derbyshire taking early retirement.

On returning to work in May it became clear that the churches finances needed to be prioritised in order to present Accounts for 2019 and begin work on the 2020 accounts. We received immense assistance in doing this from the Diocesan Parish Book Keeping service. By the end of 2020 we were in a position to present a 2021 Budget at the PCC meeting in January 2021.

Sustaining church life throughout the pandemic has brought many challenges and some joys. There has been a rapid learning curve in presenting worship online and also live streamed from church. South Aisle Saints and FLOK have responded so positively in keeping contact with children and families and offering quality spiritual encouragement and input. Two Home Groups have continued, Zoom prayer groups have been held. PCC meetings and an APCM were held via Zoom. So many people have expressed their love of God in so many ways in the life of the church, supporting people and continuing to pray and worship and care.

At the same time, it is clear that many of us have had times of great challenge and struggle in 2020 as we have grappled with loss, stress, mental well-being, concern for family and friends and so much more. There have been times when I have found it hard to keep going and other times when I have been able to rejoice in the love, grace and prayer of the people of the church.

Planning for the future has become harder. We have had to change our plans so often in the last year. What will our faith community at St Michael’s look like when we hopefully emerge from the pandemic. What will we have lost, what will we have gained, what new things are around the

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corner, what old things will we still draw strength and hope from. Peter Knight wrote and produced an excellent and detailed book on the history and life of St Michael’s Church. It is written almost bang up to date for 2020. Obviously, that is where the book concluded. It struck me that we are people who are going to be writing the next chapter in the sequel. What will be in the chapter, what mystery will unravel, what narrative will take us by surprise, who are the characters who will leap from the page. As we continue on our way through 2021 let’s see what happens, and above all let us see what God writes for us through the work of the Holy Spirit in our lives in the name of Jesus in the year to come.

Rev’d Gary Birchall

March 2021

INDEPENDENT EXAMINER’S REPORT

Accounts for the year ended 31[st] December 2020

Respective responsibilities of the P.C.C and the examiner

The P.C.C. members acting as the charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for the year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:

Examine the accounts under section 145 of the Charities Act

to follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention.

Basis of the Independent Examiner’s statement

My examination was carried out in accordance with the general directions given by the Charity Commission and the guidance published in the PCC Accountability (The Charities Act 2011 and the PCC, 5[th] edition). An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required for 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.

Boldmere, St Michael’s PCC 2020 Annual Report & Accounts

February 2020

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Independent examiner’s statement

In connection with my examination, no material matter has come to my attention which gives me cause to believe that in, any material respect:

Accounting records were not kept in accordance with section 130 of the Charities Act, or the accounts do not accord with the accounting records

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

Date: 30[th] March 2021

Signed:

Stephen Hendy

STATEMENT OF FINANCIAL ACTIVITIES

Notes
Unrestricted
funds
Designated
funds
Restricted
funds		 Notes
Unrestricted
funds
Designated
funds
Restricted
funds		 Notes
Unrestricted
funds
Designated
funds
Restricted
funds		 Total
funds
Prior year
total funds		 Total
funds
Prior year
total funds
Income and endowments from:
Voluntary income
(2a)
118,528
1,800
1,466
Investment income
(2b)
15,082
—
2,288
Activities for generating funds
(2c)
1,588
430
—
Church activities
(2d)
12,952
2,559
2,591		 121,794
123,494
17,370
22,046
2,019
6,868
18,102
44,439
Total income
148,151
4,789
6,345
Expenditure on:
Church activities
(3a)
138,942
32,800
3,924
Costs of generating funds
(3b)
4,579
2,025
26		 159,285
196,847
175,666
223,343
6,630
3,728
Total expenditure
143,521
34,825
3,950		 182,296
227,071
Net income / (expenditure) resources before transfer
4,630
(30,036)
2,395		 (23,011)
(30,224)
Transfers
Gross transfers between funds - in
(4)
11,262
6,818
2,058
Gross transfers between funds - out
(4)
(6,818)
(12,420)
(900)
Other recognised gains / losses
Gains / losses on investment assets
—
—
(1,881)
Gains on revaluation, fixed assets, charity's own use
126,690
—
79,310		 20,138
4,927
(20,138)
(4,927)
(1,881)
7,208
206,000
—
Net movement in funds
135,763
(35,638)
80,982
Reconciliation of funds		 181,108
(23,015)
Total funds brought forward
275,011
392,984
152,569		 820,564
843,579
Total funds carried forward
410,774
357,346
233,551
1,001,672
820,564

There may be minor discrepancies in the totals if the pence are not being shown

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February 2020

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BALANCE SHEET

Notes General Designated Restricted At 31/12/2020 At 31/12/2019
Fund Funds Funds £ £
Fixed assets
Tangible assets (8) 231,068 — 144,318 375,386 170,262
Investments (8) 120,320 — — 120,320 120,320
Fixed assets 351,388 — 144,318 495,706 290,582
Current assets
Cash at bank and in hand (9) 67,872 357,738 25,017 450,627 473,251
Investments (10) — — 64,498 64,498 66,370
Debtors (11) 2,584 — 74 2,658 5,894
Stocks and work in progress — 76 — 76 75
Current assets 70,456 357,814 89,589 517,859 545,590
Liabilities
Creditors: Amounts falling due within one year (12) 11,070 468 356 11,894 15,608
Net current assets less current liabilities 59,386 357,346 89,233 505,966 529,982
Total assets less current liabilities 410,774 357,346 233,551 1,001,672 820,564
Total net assets less liabilities 410,774 357,346 233,551 1,001,672 820,564
Represented by
Unrestricted
General Fund 410,774 — — 410,774 275,011
Designated Funds — 357,346 — 357,346 392,984
Restricted Funds — — 233,551 233,551 152,980
Funds of the church 410,774 357,346 233,551 1,001,672 820,564

There may be minor discrepancies in the totals if the pence are not being shown

Boldmere, St Michael’s PCC 2020 Annual Report & Accounts

February 2020

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NOTES TO THE ACCOUNTS

1. Summary of Significant Account Policies

General Information and basis of preparation

The PCC is a public benefit entity with 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 PCCs, and with the Regulations “true and fair view” provisions, they have also been prepared under FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Report by Charities (SORP(FRS102)).

Assets:

Consecrated and benefice property

Consecrated and benefice property is excluded and not capitalised in the financial statements in accordance with Charities Act 2011.

Fixed Assets

In accordance with FRS02 investment properties are carried at their fair value and professionally valued every five years. The property at Southam Drive was professionally valued in November 2020 with the next professional valuation is due November 2025. The property at Moorfield Drive has a professional valuation scheduled in Quarter 1 of 2021.

Depreciation has been provided on church equipment on a straight-line method based on the estimated economic life of the asset, which is 4 Years in the case of Fixtures, Fittings & Equipment.

Investments

Investments are recognised at their quoted market price. Unrealised gains or losses are calculated as the difference between the fair value at the year end and their carrying value.

Funds:

The financial statements have been prepared using fund accounting. Whereby income, expenditure, assets & liabilities are classified by fund. The 2 types of fund classification present in these accounts are:

  1. Unrestricted Funds (General & Designated):

  2. a. General Funds are available for use at the discretion of the PCC in delivering the aims and objectives of the charity.

  3. b. Designated Funds are funds that have but have been set aside by the PCC for a particular purpose from the general fund.

  4. Restricted Funds represent grants, donations and legacies received which are allocated by the donor for a specific purpose .

The purpose of funds held by the charity are set out in notes to the financial statements.

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2. Incoming Resources

General
funds
Designated
funds
Restricted
funds
Total
funds
Total
funds
a) Voluntary Income
Planned Giving
Collections At Service
Donations & Appeals
Gift Aid
Legacies
Job Retention Scheme Grant
Grants
b) Investment Income
Bank & Deposit Interest
Dividends
Rental Income
c) Activities for Generating
Events Fundraising
Regular Fundraising
d) Church Activities
Hall Hire
Church Hire
Parochial Fees
Other Income
Bell Ringers Group
Flower Guild
Lunch Club
Social Group
Women’s Guild		 74,253
—
600
74,853
82,470
670
—
—
670
3,934
18,466
—
647
19,113
5,669
19,137
—
219
19,356
20,183
—
—
—
—
7,000
6,002
—
—
6,002
—
—
1,800
—
1,800
4,238
118,528
1,800
1,466 121,794
123,494
2,052
—
—
2,052
3,021
—
—
2,288
2,288
3,687
13,030
—
—
13,030
15,339
15,082
—
2,288
17,370
22,046
Funds
1,366
—
—
1,366
4,961
223
430
—
653
1,907
1,588
430
—
2,019
6,868
6,107
—
—
6,107
16,421
840
—
—
840
2,650
4,188
—
—
4,188
6,302
1,817
386
— 2,203
7,100
12,952
386
— 13,337
32,473
—
—
—
—
540
—
—
279
279
1,257
—
1,661
2,313
3,974
8,030
—
40
—
40
1,793
—
473
—
473
346
— 2,173
2,591 4,765
11,966
12,952 2,559
2,591 18,102
44,439

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3. Expended Resources

General
funds
Designated
funds
Restricted
funds
Total
funds
Total
funds
a) Church Activities
Common Fund
Charitable Giving
Ministry Expenses & Costs
Church Service Costs
Vicarage Costs
Curates House Costs
Mission & Outreach Work
Youth Work
Children's Work
Church Staffing
Training & Other Staff Costs
Office & Admin Costs
Communication Costs
Church Utilities
Insurance
Cleaning & Hygiene
Safety & Security
Maintenance & Improvements
Church Repairs & Additions
Architectural Fees
Independent Examiners Fees
Other Expenditure
Churchyard Repair
Churchyard Upkeep
Churchyard Equipment Depreciation
Hall - Staffing
Hall - Maintenance & Improvements
Hall - Cleaning & Hygiene
Hall - Insurance
Hall - Running Costs
Hall - Utilities
Bell Ringers Group
Flower Guild
Lunch Club
Social Group
Women’s Guild		 78,480
—
—
78,480 86,112
4,895
—
—
4,895 5,262
1,151
— 2,026 3,177 4,962
3,426
397 358 4,181 5,917
1,407
—
—
1,407 1,503
1,961
7,619
—
9,580 4,186
43
860
—
903 6,528
—
—
17
17
65
34
—
315
349
870
12,227
11,573
—
23,800 31,046
—
—
—
—
699
4,573
—
—
4,573 6,188
233
—
—
233
535
5,977
—
—
5,977 5,441
6,146
—
—
6,146 6,656
175
—
—
175
289
990
—
—
990 1,594
1,781
172
250
2,203 1,593
—
—
—
— 1,980
—
—
—
— 5,184
600
—
114
714
708
740
—
—
740
166
124,840 20,622 3,081
148,542 177,484
—
—
—
— 10,480
112 7,754
644 8,510
8,809

—
876
—
876
876
112 8,630
644 9,386 20,165
7,172
—
—
7,172 8,130
—
2,280
—
2,280
199
201
—
—
201
238
2,160
—
—
2,160 2,174
75
—
—
75
464
4,383
—
—
4,383 5,481
13,991
2,280
— 16,271 16,686
—
—
—
—
491
—
—
199
199 1,497
—
896
—
896 6,121
—
316
—
316
494
—
57
—
57
407
— 1,269
199 1,468 9,010

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138,942 32,800 3,924 175,666 223,343

General Designated Restricted Total Total
funds funds funds funds funds
b) Costs of generating funds
Events Fundraising — — — —
 733
Regular Fundraising — — — —
 168
Giving Costs 449 — 24 473
 735
Southam Drive Overheads 1,058 — — 1,058 —
Moorfield Flat Overheads 3,071 2,025 — 5,096
 2,086
Investment Costs — — 2 2
 6
4,579 2,025 26 6,630
 3,728

4. Transfers Between Funds

Note General
Designated
Restricted
Funds
Total		 General
Designated
Restricted
Funds
Total		 General
Designated
Restricted
Funds
Total		 General
Designated
Restricted
Funds
Total		 General
Designated
Restricted
Funds
Total
Bicycle Rack Designated Fund to General Fund
1
General Fund to Churchyard Designated Fund
2
Lunch Club Designated Fund to General Fund
3
Social Designated Fund to General Fund
4
Epiphany Restricted Fund to General Fund
5
Flower Guild Designated Fund to Flower Guild Restricted Fund
6
Churchyard Designated Fund to General Fund
7		 89
(89)
—
—
(6,818)
6,818
—
—
5,387
(5,387)
—
—
4,500
(4,500)
—
—
900
—
(900)
—
—
(2,058)
2,058
386
(386)
4,444
(5,602)
1,158
—

1 £89 Designated Bicycle Rack fund transferred to general due to the Bicycle Rack installation now being complete.

Boldmere, St Michael’s PCC 2020 Annual Report & Accounts

February 2020

16

5. Unrestricted Fund Movements

Fund and type
Fund balances
brought forward
Incoming
Resources
Outgoing
Resources
Transfers
Gains
and
Losses
Fund balances
carried forward		 Fund and type
Fund balances
brought forward
Incoming
Resources
Outgoing
Resources
Transfers
Gains
and
Losses
Fund balances
carried forward
Unrestricted
General - General fund
275,011
148,151
143,521
4,444
126,690
410,774
Sub-totals
275,011
148,151
143,521
4,444
126,690
410,774
Fund and type
Fund balances
brought forward
Incoming
Resources
Outgoing
Resources
Transfers
Gains
and
Losses
Fund balances
carried forward
Designated
Bell Ringers
672
—
—
—
—
672
Bicycle Rack Fund
89
—
—
(89)
—
—
Building Development
212,498
—
—
—
—
212,498
Children's & Families Missioner
41,443
—
11,573
—
—
29,871
Churchyard
1,262
—
7,694
6,432
—
—
Churchyard & Building
100,000
—
11,924
—
—
88,076
Diocese Decorating Fund
—
386
—
—
—
386
Flower Guild
2,058
—
—
(2,058)
—
—
Lime Tree
10,368
—
936
—
—
9,432
Lunch Club
7,675
1,661
896
(5,387)
—
3,053
Nancy Baker
2,342
1,800
650
—
—
3,492
Communication
4,542
430
379
—
—
4,593
Social
8,480
40
316
(4,500)
—
3,704
Vicars Compassion Fund
948
—
400
—
—
548
W Thompson Legacy
118
—
—
—
—
118
Women’s Guild
489
473
57
—
—
905
Sub-totals
392,984
4,789
34,825
(5,602)
—
357,346

Boldmere, St Michael’s PCC 2020 Annual Report & Accounts

February 2020

17

Unrestricted Fund Purposes:

General Fund:

Designated Funds:

Boldmere, St Michael’s PCC 2020 Annual Report & Accounts

February 2020

18

6. Restricted Fund Movements

Fund and type
Fund balances
brought forward
Incoming
Resources
Outgoing
Resources
Transfers
Gains
and
Losses
Fund balances
carried forward		 Fund and type
Fund balances
brought forward
Incoming
Resources
Outgoing
Resources
Transfers
Gains
and
Losses
Fund balances
carried forward
Restricted
Churchyard
134
608
668
—
—
74
Flower Guild
—
279
179
2,058
—
2,157
Credit Union
1,082
11
2
—
—
1,091
Epiphany
134,738
2,277
2,134
(900)
77,429
211,410
Hilda Wilson Flower Fund
411
—
—
—
—
411
Lunch Club
3,552
2,313
—
—
—
5,864
Natalie Moore Flower Fund
654
—
20
—
—
634
Organ & Musical Worship
1,308
—
266
—
—
1,043
Patronal Gift Day 2014
583
10
414
—
—
180
South Aisle Porch
—
250
250
—
—
—
Youth Work
10,107
598
17
—
—
10,687
Sub-totals
152,569
6,345
3,950
1,158
77,429
233,551

Restricted Fund Purposes:

Boldmere, St Michael’s PCC 2020 Annual Report & Accounts

February 2020

19

7. Staff Costs

. Staff Costs
Wages & Salaries
Social Security Costs
Pension Costs
The average number of employees		 This Year
Total
Last Year
Total
34,461
43,073
814
1,379
1,032
192
36,307
44,644

4.5
5

During the year, no employee earned £60,000 per annum or more.

The Children’s & Families Worker left the role in July 2020.

There are no other disclosable transactions in respect of PCC members, persons closely connected with them or other related parties.

8. Fixed Assets For Use By PCC

Cost or Valuation
At 1st January 2020
Additions
Revaluation Gain / (Loss)
At 31st December 2020
Depreciation
At 1st January 2020
Charge for the year
Disposal
Net Book Value
At 31st December 2020		 Curates House
Leasehold Investment
Property
Church
Equipment
Total
169,000
128,000
22,640
319,640
—
—
—
—
206,000
—
—
206,000
375,000
128,000
22,640
525,640
—
7,680
21,378
29,058
—
—
876
876
—
—
—
—
—
7,680
22,254
29,934
375,000
120,320
386
495,706

Boldmere, St Michael’s PCC 2020 Annual Report & Accounts

February 2020

20

9. Cash At Bank & In Hand

Church Current Account
Church Petty Cash
Short-Term Deposits
CCLA 6002D Deposit Account
CCLA 2245D Deposit Account
Diocesan Decorating Fund
Group Accounts:
Epiphany HSBC Account
Flower Guild Santander Account
Lunch Club TSB Account
Social Club Lloyds Account
Bell Ringers Santander Account
Women’s Guild HSBC Account
Churchyard HSBC Account
Group Petty Cashes
Group Floats
Total Cash At Bank & In Hand		 This Year
Total
Last Year
Total
35,303
14,436
33
65
35,336
14,501
106,800
140,000
287,187
285,973
386
—
394,373
425,973
3,765
5,774
2,063
1,985
8,835
11,145
3,644
8,420
612
612
888
510
874
4,131
160
140
77
60
20,918
32,777
450,627
473,251

10. Investments

Market Value – 1stJanuary
Additions
Revaluation gain / (loss)
Market Value – 31st December		 This Year
Total
Last Year
Total
66,370
58,080
—
1,082
(1,881)
7,208
64,498
66,370

11. Debtors

HMRC Debtors

Hire Debtors
Other Debtors
Total Debtors
Prepayments
Total Debtors & Prepayments		 This Year
Total
Last Year
Total
1,723
5,314
182
580
201
—
2,106
5,894
552
—
2,658
5,894

Boldmere, St Michael’s PCC 2020 Annual Report & Accounts

February 2020

21

12. Liabilities

2. Liabilities
Liabilities:
Independent Examination
Mission Giving
Epiphany

Utilities
Other Creditors
Agency Collections
Total Liabilities
Deferred Income
Total Liabilities & Deferred Income		 This Year
Total
Last Year
Total
600
600
4,895
5,262
80
1,332
2,524
—
3,369
3,706
276
4,708
11,744
15,608
150
—

11,894
15,608

Boldmere, St Michael’s PCC 2020 Annual Report & Accounts

February 2020