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2021-12-31-accounts

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Charity number 1130766

Annual Report and Financial Statements for the year ended 31 December 2021

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Annual Report and Financial Statements for the year ended 31 December 2021

Contents Page
Trustees' report 2 to 9
Examiner's report 10
Statement of financial activities 11
Balance sheet 12
Notes to the accounts 13 to 21

Prepared by West Yorkshire Community Accountancy Service CIO

1

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Trustees' report for the year ended 31 December 2021

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates

Rev'd. Hannah Lievesley Simon Futers Helen Cruickshank Alison Gallant Beverly Leech Askey Catherine Harper Katharine Salmon Susan Milestone Helen Steele Nigel Greenwood Mary Henderson Alan Futers Julia Baxter Timothy Ward Anne Emerton Nicola Bagnall Elizabeth Pearson Louise Allen Claire Pascoe Matthew Cliff Amy Graham Mike Willison

Team Rector & Vicar of St Chad’s and Chair Churchwarden Resigned 23 May 2021 Churchwarden and Lay Chair Churchwarden from 23 May 2021 Deanery Synod Representative Deanery Synod Representative Reader Resigned 23 May 2021

Secretary

Resigned 23 May 2021 Resigned 23 May 2021 Appointed 23 May 2021 Appointed 23 May 2021 Appointed 23 May 2021 Appointed 23 May 2021 Appointed 19 January 2021

Treasurer

Michael Clark (Co-optee)

Parish Administrator

Christine Khullar

Charity number

Charity number 1130766 Registered in England and Wales Registered and principal address Bankers St. Chad's Parish Office Nat West Bank plc Virgin Money (formerly Yorkshire Bank plc) Otley Road 63 Otley Road 94-96 Briggate Far Headingley Headingley Leeds Leeds LS16 5JT Leeds LS6 3WA LS1 6NP

Registered and principal address

Independent examiner

Simon Bostrom FCIE West Yorkshire Community Accountancy Service CIO Stringer House 34 Lupton Street Leeds LS10 2QW

Structure, governance and management

The PCC is a body corporate (PCC Powers Measure 1956. Church Representation Rules 2020) and is a registered charity as required under the Charities Act.

2

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Trustees' report (continued) for the year ended 31 December 2021

Method of recruitment and appointment of trustees

The method of appointment of PCC members is set out in the Church Representation Rules. At St Chad’s, the membership of the PCC consists of the incumbent, churchwardens, one reader, members of Deanery Synod and a maximum of 15 members elected by those members of the congregation who are on the church Electoral Roll. All those who attend our services / members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC.

The PCC members are 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 PCC met seven times during the year, including one meeting held virtually by email and three via video conferencing. The average level of attendance was 85%. Given its wide responsibilities, the PCC has a number of committees, each dealing with a particular aspect of parish life. These committees which include Standing and Finance, Fabric and Maintenance, Bar, Worship, Community Engagement, Stewardship and Parish Centre Management, are all responsible to the PCC and report back to it regularly with minutes of their deliberations being received by the full PCC and discussed as necessary.

Objectives and activities

The charity's objects

Promoting in the ecclesiastical parish, the whole mission of the Church.

Aim and purposes

St. Chad’s Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

The PCC is also responsible for the maintenance of the Parish Centre and the former curacy (64 Becketts Park Crescent).

The Church’s Vision Statement is:

St. Chad's is here to share the Christian Gospel through being:

We seek to be a lively, evolving and caring community through:

The charity's main activities

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at St. Chad’s. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship nurture faith and discipleship through prayer and scripture, music and sacrament.

When planning our activities for the year, the Charity Commission’s guidance on public benefit and the specific guidance on charities for the advancement of religion, has been considered. In particular, we try to enable ordinary people to live out their faith as part of our parish community through:

Worship and prayer; learning about the Gospel; and developing their knowledge and trust in Jesus. Fostering community and the provision of pastoral care for people living in the parish. Missionary and outreach work.

To facilitate this work, it is important that we maintain the fabric of the Church of St. Chad and the Parish Centre.

3

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Trustees' report (continued) for the year ended 31 December 2021

Achievements and performance

The Covid-19 pandemic has continued to impact the life and worship of our church. Lockdown prevented worship in the church building between January and Palm Sunday. It was wonderful to return to the church building for worship at Easter. However, in order to maintain social distancing, pre-booking for services was required until the end of July. Sadly, children’s group numbers had to continue to be restricted to a maximum of 15 for the remainder of the year. Despite the difficult circumstances, there have been many notable achievements in 2021. Perhaps most encouraging, is that our weekly attendance numbers have held steady at pre-pandemic levels and our worshipping community has grown. This bucks the trend churches are typically suffering - anecdotally a fall in numbers of around one-third.

During Lent, St Chad’s joined with St Michael’s and All Hallows to run the new Church of England ‘Living in Love and Faith’ course, which explores issues of relationships and identity in the context of the Christian faith. 47 people from across the team attended on zoom, including 18 from St Chad’s.

In June we formed a new Vison Team. Our 2020 vision day had identified Youth Ministry as the priority for development and so this became the focus of the first 3 vision team meetings. A Youth Alpha course was launched in September and attracted 15 young people, some from within the existing church family who had stopped attending since moving to high school, and some newcomers. In November, the PCC agreed to fund a Missional Generation Youth Worker for 6 hours a week to continue leading the youth group beyond the end of the Alpha Course and to develop an attractive programme to nurture their faith and discipleship. A team of four volunteers from within the church family was recruited to support this work. Two of these young people were confirmed by the Bishop of Kirkstall in October along with three adults from the St Chad’s congregation.

Finances were hard-hit by the pandemic. In response, a Generosity Week was run in May to promote the launch of the Parish Giving Scheme and encourage people to review their levels of regular giving. Two Sundays were set aside for reflection on Generosity and Gratitude. Daily reflections were published, and two mid-week small-group sessions on zoom followed on from the Sunday services. We saw an encouraging increase in the regular giving as a result and some one-off financial gifts.

In September, the Green Team held a special Sunday service focussed on the Climate Emergency in advance of the COP26 conference in Glasgow. Alex Sobel MP and local Councillor Emma Flint attended the service and addressed the congregation about the climate emergency.

Worship and prayer

The PCC is keen to offer a range of services over the course of the year that our community finds both beneficial and spiritually fulfilling. In 2021, the Covid-19 pandemic continued to limit some aspects of worship. We worshipped on-line until Easter, with some family ‘wild-worship’ events outside. A full complement of services was re-instated from September including monthly all-age services and Evensong. Once worshipping back in the church building the services were recorded and published online as a podcast.

The choir and organist continue to provide music and singing to a very high standard and are greatly appreciated. During lockdown they innovated with technology to record singing and music for the online services. Musical highlights this year were the Epiphany, Advent, and Christmas Carol Services, and the growing all-age music group which played for one of the family Christmas services. We were pleased to be able to reinstate the popular Crib Service and ensured this remained covid-safe by offering two consecutive crib services instead of the usual one.

Arrangements for collective worship at St Chad’s C of E Primary School were impacted by covid-19 but Rev Hannah provided some on-line collective worship, accessible by individual classes. In-person whole-school collective worship resumed in September and the school came into church to celebrate Harvest and Christmas.

At 31st December 2021 there were 206 parishioners on the Church Electoral Roll, 32% of whom are not resident within the parish. The number has been stable over the year. The regular worshipping community has grown from 220 to 268.

4

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Trustees' report (continued) for the year ended 31 December 2021

Deanery Synod

Two lay representatives from St Chad’s sat on the Headingley Deanery Synod. This provides the PCC with an important link between the parish and the wider structures of the church.

There are a further two vacancies carried forward into 2022.

The Church and Parish Centre

The St. Chad’s buildings are not just for the exclusive use of the congregation. We endeavour to ensure that the Church and the Parish Centre both exist for the benefit of all in the parish. The Church has regular bookings from Leeds Festival Chorus, other musical groups and local schools. The Parish Centre is very well used by a wide range of community and charitable groups, as well as taking private bookings for key life event celebrations such as weddings, birthdays or funeral teas. As part of our mission and commitment to serving the local community, the Centre offers affordable rates to local charities. Following re-opening in April, bookings at the Centre have gradually increased. Previous users have returned, and new regular bookings have been received. It is pleasing to see that income is expected to match expenditure early in 2022.

Repairs and renovation in the Church and Parish Centre have focused on items essential for legal, insurance and health and safety purposes.

Our award-winning Green Team has increased the frequency of the work parties in the churchyard, when social distancing rules allowed. New members have been welcomed. The Team strives to build on the A Rocha Eco Church Silver award by fostering a nature-friendly environment in the churchyard, publishing eco-tips, newsletter articles and organising an Environment Service. The Team has also worked on the development of the church’s environment strategy to tackle the effects of climate change.

The PCC supported a faculty to bring the churchyard back into compliance with the Churchyard Regulations which set out the Diocesan rules regarding grave decorations and design of memorial stones. The churchyard was largely compliant by the end of the year and is once again providing an attractive place for prayer and contemplation for families.

Pastoral care

Home communion continues to be offered to those who cannot come to services at church, and the monthly parish magazine and weekly emailed newssheet provide good links with the church for those who are housebound. Sadly, due to the increased risk of home visiting, safeguarding training requirements, and health limitations, the visiting team disbanded during the pandemic. This leaves a gap in our provision of pastoral care for those who are in need of regular visits.

The luncheon club, which provides hot meals, cheerful company and transport to the elderly in the parish, was paused during the worst of the pandemic. The lunch club leader retired this year and a new leadership team of three was recruited. The existing team re-grouped to provide a home-cooked Christmas Lunch which was very much appreciated by those who came.

The Thursday morning Holy Communion service continues to provide a time of fellowship and care in its postservice coffee and chat which has been moved into the church building to enable more people to stay for it.

The Mother’s Union continues to nurture fellowship and faith amongst its church members, and admirably adapted the programme of social events and prayer to ensure that people were still able to meet in person, albeit in smaller groups.

Health and safety procedures are regularly reviewed and updated. The PCC has complied with its duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, i.e. the duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults.

5

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Trustees' report (continued) for the year ended 31 December 2021

Mission and evangelism

The launch of a new Youth Discipleship Group and the employment of a Missional Generation Youth Worker this year has been a great step forward and very much appreciated by those parents whose children had left church but are now re-connecting and exploring faith afresh with their peers.

Helping those in need is a demonstration of our faith. The church supports nine local and national charities directly, through its planned giving. Two such charities are Leeds Asylum Seekers’ Support Network and Joanna Project Leeds. In addition, the ‘St. Chad’s Endowment Fund’ supports local community group applications with grants amounting to approximately £10,000 per year. This Fund is administered by Leeds Community Foundation.

Other significant collections in 2021 were made for the Children’s Society at the Christingle service; PAFRAS (Positive Action of Refugees and Asylum Seekers) through food and financial donations throughout the year and at Harvest; a ‘New Toy’ gift collection for Leeds families in poverty at Christmas (working with St George’s Crypt and government referral agencies); and an incredible Christmas Shoebox appeal (working with Blythswood Care) which enabled over one hundred shoeboxes filled with carefully chosen and wrapped gifts to be sent to Romany Communities in Hungary.

Other charities such as youth organisations benefit from reduced charges to hire the Parish Centre.

The Headingley Team Ministry magazine keeps parishioners informed of church services, courses and events and includes articles that help develop our knowledge and trust in Jesus.

Our church website stchads.co.uk and Facebook page @stchadschurchleeds provide helpful information to the whole church family and the wider community.

Environment report

In February 2020 the Church of England’s General Synod voted to set a target for the whole church to achieve ‘net zero’ carbon by 2030. Net zero carbon means removal of as many fossil fuel generated CO2 emissions as possible by a combination of emissions reduction and removal of any residual emissions. Residual CO2 emissions would be removed (off-set) by, for example, tree planting and other carbon removal projects that meet national criteria.

General Synod has agreed that the vast majority of the carbon emissions generated by the Church of England arises from the heating and lighting of the buildings, and from work-related travel by clergy, staff and volunteers. The calculation of the majority of a church’s net carbon footprint is illustrated in the graphic below:

6

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Trustees' report (continued) for the year ended 31 December 2021

Environment report continued

----- Start of picture text -----
Carbon footprint (tonnes CO2e)
2019 2020 2021
Church
Gas 34.3 20 31.4
Electricity 4 2.4 3
Parish Centre
Gas 34.4 18.8 18
Electricity 8.5 4.6 4.9
Travel 0 0.1 0.1
Total (gross) 81.2 45.9 57.4
Less 100% renewable electricity 12.5 7 7.9
Less Solar panel generation 1 0.9 0.9
Total (net) 67.7 38 48.6
----- End of picture text -----*

*Estimated using 2020 conversion factors – 2021 data not yet available

For 2020 and 2021 the carbon footprint for St Chad’s has been impacted by COVID-19. A typical year is represented by the 2019 data.

At the moment, the reporting of a church’s carbon footprint is not mandatory. However, it is intended that changes to the rules for Annual Parochial Church Meetings (APCMs) to require annual reporting of carbon footprints will be presented to General Synod in 2023.

In September the PCC formally recognised a Climate and Environmental Emergency and this was publicised at an Environment Service on 17th October attended by the local MP and a local councillor. An action plan will be developed to minimise the carbon footprint at St Chad’s in line with the Church of England’s national target to be carbon net zero by 2030.

Ecumenical relationships

In August 2021, Headingley Team Ministry, which comprised the parishes of St Chad Far Headingley and St Michael Headingley, was expanded to include the benefice of All Hallows Leeds. The Revd Hannah Lievesley was appointed Team Rector. The Revd Angela Birkin and Revd Heston Groenewald were appointed Team Vicars, and Revd Joshua Peckett is the Team Curate. In order to limit the spread of covid-19 across our churches, Churches Together in Headingley chose not to meet together during the pandemic.

Financial review

For the first time in many years, the accounts show a healthy surplus in 2021, due principally to the wonderful generosity of Edwin Shaw Ross, Gillian Mary North and Maureen Cliff in their leaving bequests in their Wills.

The Parish again met its Parish Share of £129,842 for the year in full. The Diocese has announced we will have a small reduction on the 2022 Share due to the reorganisation of the clergy in our local group of

The Listed Places of Worship Grant Scheme (run by the Dept of Digital, Culture, Media and Sport), for reclaiming VAT on qualifying works, has been utilised during the year and is confirmed as continued in 2022.

Covid 19 closures have continued to make an impact on the 2021 income streams, excluding Stewardship and property rental. The effects of gradually reopening the Church over several months has allowed some income streams to improve, but the lack of congregations in person in the first half of the year meant very low plate income and supporting fundraising activities.

7

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Trustees' report (continued) for the year ended 31 December 2021

Financial review continued

The Generosity Week in May produced a number of one-off donations under General donations and encouraged people to sign up to the new Parish Giving Scheme (PGS). This has created a noticeably healthier Stewardship Income by voluntary increases in contributions from Stewardship subscribers when they changed from Standing Order to Direct Debit, as well as new subscribers. The new system also benefits our cashflow as the Gift Aid on the monthly contributions to the PGS is received within 10 days of each calendar month end.

Consequent on the continuing reduced income streams, overheads relating to these have remained lower, but the general costs of keeping the church maintained and administration functioning remained fairly steady during 2021.

Restricted and endowment funds

Income in 2021 from the majority of our Restricted and Endowment Funds has been expended, as have the dividends from restricted investments. The Endowment Funds have been managed in a manner that has produced a healthy 13% in a volatile investment market. Reorganisation of the Endowment Funds by successful application under sections 282 (Repair Fund) and 281 (all others) of the Charities Act 2011, has released the capital limitations. Several have been sold in full to provide available deposit cash for expected relevant restrictive purpose, while others have been partially sold for the same reason but to also convert some of the substantial gains made by our shareholdings over the last three years and to hold these for now in safer deposit accounts.

Parish Centre

The Parish Centre Management Committee (PCMC) have continued their hard work in maintaining the premises and making it ready to reopen in September. The bar had been mothballed until 1st September too, giving little time for an upturn in bookings to restore these income streams.

Maintenance of the booking system with so many on and off changes by Government has been time consuming but we have maintained contact with our customers and feel we have done well to reschedule quite a lot of bookings and have made refunds in a timely manner. New bookings for 2022 have been going well since reopening and into the new year.

The PCMC were again unable to progress their fundraising ambitions towards future refurbishments.

Reserves policy

Our policy is to allow for the smooth running of the charity and to allow for an orderly winding up should the charity need to close. We consider three months operating costs is sufficient together with the funds required to cover the designated fund values determined by the PCC. This would therefore be 25% of budgeted expenditure of approximately £332,000 = £83,000.

The charity's free reserves, excluding fixed assets, at the year end were £206,398. Of this total, £80,956 has been designated towards the purposes referred to in note 16. This would leave £125,442. The unrestricted fund has grown significantly in the year due to legacy donations being received. We are planning to carry out maintenance work to the property during the current year which will bring our free reserves nearer to the minimum required.

Future plans

Ongoing increases in costs are expected to rise sharply in some cost areas through economic circumstances at home and abroad. Overheads already known about include the delayed 2018 Quinquennial Inspection expenditure which will be incurred in the near future.

Efforts to increase income from existing and new sources must be prioritised as 2021 benefitted from Legacies which cannot be relied on every year, while costs for maintaining the fabric of the building are likely to rise both through need and increasing costs.

8

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds Trustees' report (continued) for the year ended 31 December 2021

Public benefit

The public benefit from the Church comes in different ways. In 2021, these have continued to be adapted in response to the Covid pandemic, as described previously, and are based on three principles. Firstly, the benefits obtained from being part of a prayerful, multigenerational, lively and supportive Church community.

Secondly, the Church and the Parish Centre buildings are available to the public at large. The Church building is used by the local schools for end of term activities; for concerts by a variety of organisations; and by Leeds Festival Chorus as their weekly meeting and rehearsal space. The Parish Centre serves the community as a popular centre for regular meetings of organisations, including teaching the young, various charities, Scouts and Girlguiding, dancing, Pilates, fitness camps and art classes.

Thirdly, the Church offers financial help to its local community and beyond in three ways: a) by offering reduced rates to charitable organisations using the centre, b) by using a charitable donation of 10% of planned giving and open plate collections to support both local and international charities and c) through the Leeds Community Fund where the interest generated from a substantial sum which was invested by the Church (and doubled by government aid) is allocated to local applicants by a committee including church members.

Signed on behalf of the board of trustees on 19 April 2022

Rev'd. Hannah Lievesley (Trustee and Chair)

9

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Independent examiner's report to the trustees of The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2021, which are set out on pages 11 to 21.

Responsibilities and basis of report

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the charity's gross income exceeded £250,000 your examiner must be a fellow of a body listed in section 145 of the 2011 Act.

I confirm that I am qualified to undertake the examination because I am a fellow of ACIE which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I 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.

Simon Bostrom FCIE

25 April 2022

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

10

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Statement of Financial Activities (SOFA)

(including summary income and expenditure account) for the year ended 31 December 2021

Notes
2021
Unrestricted
funds
£
Income from:
Donations and legacies
(2)
194,715
Other trading activities
(3)
23,519
Investment income
(4)
109
Charitable activities
(5)
70,175
Other income
(6)
543
Total income
289,061
Expenditure on:
Raising funds
(7)
14,041
Charitable activities
(8)
221,582
Total expenditure
235,623
Net gains/(losses) on investments
-
Net income / (expenditure)
53,438
Transfers between funds
(9)
-
Gains on revaluation of fixed assets
-
Net movement in funds
53,438
Fund balances brought forward
623,112
Fund balances carried forward
(9)
676,550		 2021
2021
Restricted
Endowment
funds
funds
£
£
15,214
-
-
-
1,567
2,394
-
-
-
-
16,781
2,394
-
-
34,152
2,016
34,152
2,016
7,632
10,386
(9,739)
10,764
13,207
(13,207)
-
-
3,468
(2,443)
59,875
86,924
63,343
84,481		 2021
Total
funds
£
209,929
23,519
4,070
70,175
543
308,236
14,041
257,750
271,791
18,018
54,463
-
-
54,463
769,911
824,374		 2020
Total
funds
£
115,073
16,965
4,417
46,409
824
183,688
14,867
251,763
266,630
8,931
(74,011)
-
180,744
106,733
663,178
769,911

All incoming resources and resources expended derive from continuing activities.

11

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Balance sheet
as at 31 December 2021
2021
Unrestricted
£
Fixed assets
Tangible assets
(10)
467,068
Investments
(11)
3,084
Total fixed assets
470,152
Current assets
Stock
2,070
Debtors and prepayments
(12)
13,104
Current asset investments
(13)
92,022
Cash at bank and in hand
(14)
113,249
Total current assets
220,445
Current liabilities:
amounts falling due within one year
Creditors and accruals
(15)
14,047
Total current liabilities
14,047
Net current assets / (liabilities)
206,398
Net assets
676,550
Funds
Unrestricted funds
General unrestricted funds
595,594
Designated funds
(16)
80,956
Unrestricted funds
676,550
Restricted funds
-
Endowment funds
-
Total funds
676,550		 2021
2021
Restricted
Endowment
£
£
-
-
58,480
15,903
58,480
15,903
-
-
-
-
2,534
68,578
2,329
-
4,863
68,578
-
-
-
-
4,863
68,578
63,343
84,481
-
-
-
-
-
-
63,343
-
-
84,481
63,343
84,481		 2021
Total
£
467,068
77,467
544,535
2,070
13,104
163,134
115,578
293,886
14,047
14,047
279,839
824,374
595,594
80,956
676,550
63,343
84,481
824,374		 2020
Total
£
477,686
138,810
616,496
2,176
14,031
105,115
42,674
163,996
10,581
10,581
153,415
769,911
534,831
88,281
623,112
59,875
86,924
769,911

The financial statements were approved by the board of trustees on 19 April 2022

Rev'd. Hannah Lievesley (Trustee and Chair)

12

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Notes to the accounts

for the year ended 31 December 2021

1 Accounting policies

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year.

No changes have been made to the accounts for previous years.

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Donated goods for resale are valued at the amount actually realised upon their sale.

Donated assets, facilities or services are valued at their estimated value to the charity. This is the price that the charity estimates it would pay in the open market for equivalent items; or services and facilities of equivalent utility to the charity.

Investments

Investments are stated at market value at the balance sheet date. The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year.

Expenditure and liabilities

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Grants and donations payable without performance conditions

Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

13

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Notes to the accounts

for the year ended 31 December 2021

1 Accounting policies continued

Tangible fixed assets

No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

Other land and buildings held on behalf of the PCC for its own purposes are included at insurance valuation (in the case of the curate’s house) and at cost (in the case of the Parish Centre). No depreciation is charged against such properties because the depreciation charge is viewed as immaterial and no impairment of the buildings is considered to have taken place. Any expenditure on maintenance or improvement is written off as incurred.

Other equipment used within church premises and at the Parish Centre is depreciated on a straight line basis over 3, 5 or 10 years, unless otherwise stated in the notes. Individual items of equipment with a purchase price of £500 or less are written off in the period in which the asset is acquired.

Pensions

The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Endowment funds represent those assets which must be held permanently by the charity, principally investments. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income unless restrictions have been imposed by the donor. Any capital gains or losses arising on the investments form part of the fund. Investment management charges and legal advice relating to the fund are charged against the fund.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

14

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Notes to the accounts continued

for the year ended 31 December 2021

2 Donations and legacies
2021
Unrestricted
funds
£
Planned giving
72,680
Open plate collections
2,591
Legacies
91,667
Donations
7,914
Gift aid
19,863
Grant income
-
194,715
3 Other trading activities
2021
Unrestricted
funds
£
Takings in Parish Bar
5,842
Hire of church to non-church users
3,538
Sale of magazine advertisements
1,804
General fundraising
435
Income from PCC property
11,900
23,519
4 Investment income
2021
Unrestricted
funds
£
Dividends (gross)
-
Interest (gross)
109
109
5 Income from charitable activities
2021
Unrestricted
funds
£
Traidcraft
433
Use of Parish Centre by church groups
911
Parish magazine sales
1,023
Fees received for weddings and funerals
10,869
Sunday morning coffee
176
Parish centre booking fees
56,763
70,175		 2021
Restricted
funds
£
-
-
1,000
-
-
14,214
15,214
2021
Restricted
funds
£
-
-
-
-
-
-
2021
Restricted
funds
£
1,564
3
1,567
2021
Restricted
funds
£
-
-
-
-
-
-
-		 2021
Endowment
funds
£
-
-
-
-
-
-
-
2021
Endowment
funds
£
-
-
-
-
-
-
2021
Endowment
funds
£
2,394
-
2,394
2021
Endowment
funds
£
-
-
-
-
-
-
-		 2021
Total
funds
£
72,680
2,591
92,667
7,914
19,863
14,214
209,929
2021
Total
funds
£
5,842
3,538
1,804
435
11,900
23,519
2021
Total
funds
£
3,958
112
4,070
2021
Total
funds
£
433
911
1,023
10,869
176
56,763
70,175		 2020
Total
funds
£
64,932
3,238
5,500
8,315
16,015
17,073
115,073
2020
Total
funds
£
2,716
1,812
443
94
11,900
16,965
2020
Total
funds
£
3,889
528
4,417
2020
Total
funds
£
966
3,765
886
7,561
185
33,046
46,409

15

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Notes to the accounts continued

for the year ended 31 December 2021

6 Other income
VAT recovered
7 Expenditure on raising funds
Hire of church (salaries)
Parish Centre Bar running costs
Other PCC property upkeep
PCC property depreciation
8 Expenditure on charitable activity
Missionary and charitable giving
Sunday Club
Weddings and funeral fees
Traidcraft costs
General fundraising costs
Parish magazine costs
Parish share
Church running costs
Church maintenance
Upkeep of services
Churchyard and grounds upkeep
Parish Centre running costs
Major repairs
Admin salaries and organist fees
Clergy expenses
Other administration costs
Depreciation
Accounts preparation
Independent examination
Youth and children development		 2021
Unrestricted
funds
£
543
543
2021
Unrestricted
funds
£
2,164
3,676
3,201
5,000
14,041
2021
Unrestricted
funds
£
10,000
-
4,745
433
69
113
129,842
7,799
420
1,241
200
39,627
-
16,214
50
2,991
5,618
900
420
900
221,582		 2021
Restricted
funds
£
-
-
2021
Restricted
funds
£
-
-
-
-
-
2021
Restricted
funds
£
-
1,257
-
-
-
-
-
10,021
3,070
942
4,648
14,214
-
-
-
-
-
-
-
-
34,152		 2021
Endowment
funds
£
-
-
2021
Endowment
funds
£
-
-
-
-
-
2021
Endowment
funds
£
-
-
-
-
-
-
-
-
1,082
548
386
-
-
-
-
-
-
-
-
-
2,016		 2021
Total
funds
£
543
543
2021
Total
funds
£
2,164
3,676
3,201
5,000
14,041
2021
Total
funds
£
10,000
1,257
4,745
433
69
113
129,842
17,820
4,572
2,731
5,234
53,841
-
16,214
50
2,991
5,618
900
420
900
257,750		 2020
Total
funds
£
824
824
2020
Total
funds
£
1,737
3,906
4,224
5,000
14,867
2020
Total
funds
£
587
124
2,429
993
100
106
129,842
16,126
2,290
3,125
6,266
59,362
4,629
16,037
-
2,532
6,435
-
780
-
251,763

16

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Notes to the accounts continued

for the year ended 31 December 2021

9 Restricted funds
Choir
Church repair
Churchyard maintenance
Parochial purposes
Sunday School Fund
Organ maintenance
Flowers
Garden of rest
Youthwork
HMRC JRS		 Balance b/f
£
1,663
454
53,932
-
382
1,899
458
1,087
-
59,875		 Incoming
£
-
3
9,196
-
-
-
-
1,000
-
14,214
24,413		 Outgoing
£
726
2,768
4,648
10,021
1,257
302
61
-
155
14,214
34,152		 Transfers
£
-
2,311
-
10,021
875
-
-
-
-
-
13,207		 Balance c/f
£
937
-
58,480
-
-
1,597
397
1,000
932
-
63,343

Fund name

Choir Towards choir costs Church repair Towards general repair costs for the church Churchyard maintenance Towards maintenance of the churchyard Parochial purposes Towards any purposes relating to the PCCs core activities Sunday School Fund Towards the costs of the Sunday school Organ maintenance Towards organ maintenance costs Flowers Towards the cost of flowers Garden of rest Legacy donation to be used towards cemetary costs Youthwork Towards youthwork activities HMRC JRS Job retention scheme grant for furloughed staff salaries

Endowment funds
Church music fund
Church repair
Churchyard maintenance
Parochial purposes
Sunday School Fund		 Balance b/f
£
12,108
39,353
17,926
9,137
8,400
86,924		 Income /
gains
£
1,852
6,157
2,250
1,081
1,440
12,780		 Outgoing
£
351
1,082
386
197
-
2,016		 Transfers
£
-
(2,311)
-
(10,021)
(875)
(13,207)		 Balance c/f
£
13,609
42,117
19,790
-
8,965
84,481

Fund name

Church music fund Towards choir, organ maintenance and music costs. Church repair Towards general repair costs for the church Churchyard maintenance Towards maintenance of the churchyard Parochial purposes Towards any purposes relating to the PCCs core activities Sunday School Fund Towards the costs of the Sunday school

The transfers relate to the movement of funds authorised by the Charity Commission and the Diocese from historic endowment funds. This means that the capital can now be spent on the original restricted purposes of the endowments at the discretion of the trustees.

17

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Notes to the accounts continued

for the year ended 31 December 2021

10
11
12
**13 **		 Tangible assets
Cost
At 1 January 2021
Additions
At 31 December 2021
Depreciation
At 1 January 2021
Charge for year
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020
Fixed assets investments
Balance b/f
Additions
(Disposals)
Gain / (loss) on revaluation
Income generated
(Income transferred out)
(Management fees)
Total
Debtors and prepayments
Trade debtors
Prepayments
Accrued income
Other debtors
Current asset investments
Cash equivalents on deposit		 £
123,495
-
123,495
105,751
5,618
111,369
12,126
17,744
Furniture
and
equipment		 £
79,942
-
79,942
-
-
-
79,942
79,942
2021
Listed
investments
£
138,810
-
(79,361)
18,018
3,958
(3,958)
-
77,467
Parish
centre		 £
385,000
-
385,000
5,000
5,000
10,000
375,000
380,000
2021
Total
£
138,810
-
(79,361)
18,018
3,958
(3,958)
-
77,467
2021
£
1,287
8,814
2,849
154
13,104
2021
£
163,134
163,134
Land and
buildings		 Total
£
588,437
-
588,437
110,751
10,618
121,369
467,068
477,686
2020
Total
£
129,879
-
-
8,931
3,889
(3,889)
-
138,810
2020
£
1,546
7,640
4,804
41
14,031
2020
£
105,115
105,115

18

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Notes to the accounts continued

for the year ended 31 December 2021

**14 ** Cash at bank and in hand 2021 2020
£ £
Cash at bank 112,744 41,719
Cash in hand 2,834 955
115,578 42,674
**15 ** Creditors and accruals 2021 2020
Trade creditors £
3,407		 £
130
Accruals 1,320 825
Income received in advance 8,723 9,378
Taxation and social security 295 -
Other creditors 302 248
14,047 10,581
**16 ** Designated funds Balance b/f
Incoming		 Outgoing Transfers Balance c/f
Youth Ministry £
35,300
-		 £ £
900		 £
-		 £
34,400
Parish Centre 23,214
-		 - - 23,214
Parish Centre Kitchen 5,824
-		 - - 5,824
Rev R. Robinson Legacy 4,425
-		 - (4,425) -
Boiler replacement 17,518
-		 - - 17,518
Bar stock fund 2,000
-		 - (2,000) -
88,281
-		 900 (6,425) 80,956
Fund name
Youth Ministry Was originally for outreach purposes but the trustees agreed to make a
Parish Centre change during the year and activities will commence in 2022.
Set aside for building refurbishment and improvement needs.
Parish Centre Kitchen Set aside for kitchen improvements
Rev R. Robinson Legacy Unrestricted donation, now transferred to unrestricted funds.
Boiler replacement Set aside for boiler replacement
Bar stock fund Held for re-stocking, now transferred to unrestricted funds.
**17 ** Staff costs and numbers
Gross salaries
Pensions		 2021
£
47,101
619		 2020
£
51,946
658
47,720 52,604
The average number of employees during the year was 8, being an average of 2.4 full time equivalent (2020:
5, 4 FTE). There were no employees with emoluments above £60,000.
Defined contribution pension scheme 2021 2020
£ £
Costs of the scheme to the charity for the year 619 658
Amount of any contributions outstanding at the year end 177 248

19

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Notes to the accounts continued

for the year ended 31 December 2021

18 Grant making, donations and charitable giving

Charitable allocations
International
Church Mission Society
The Sylvia Wright Trust
Local
Caring for Life
Joanna Leeds
Leeds Asylum Seekers Support Network (LASSN)
PAFRAS (Refugees and Asylum Seekers)
Support After Rape and Sexual Violence Leeds (SARSVL)
St George's Crypt
West Yorkshire Community Chaplaincy
Special collections and donations
PAFRAS (Refugees and Asylum Seekers)
All Hallows Café
St Chad's Primary Academy
Total		 2021
Grants to
institutions
£
1,000
1,000
1,000
1,000
1,000
2,000
1,000
1,000
1,000
-
-
-
10,000		 2020
Grants to
institutions
£
-
-
-
-
-
-
-
-
-
189
11
387
587

Related party transactions

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee remuneration and benefits

No trustee received any remuneration or benefit during this or the previous year.

20

The Ecclesiastical Parish of St Chad, Far Headingley, Leeds

Statement of Financial Activities including 2020 comparatives for all funds (including summary income and expenditure account) for the year ended 31 December 2021

2021
2020
Unrestricted
Unrestricted
funds
funds
£
£
Income
Donations and legacies
194,715
93,000
Other trading activities
23,519
16,965
Investment income
109
516
Charitable activities
70,175
46,409
Other income
543
824
Total income
289,061
157,714
Expenditure
Raising funds
14,041
14,867
Charitable activities
221,582
229,936
Total expenditure
235,623
244,803
Net gains/(losses) on investments
-
-
Net income / (expenditure)
53,438
(87,089)
Transfers between funds
-
-
Other recognised gains/(losses):
Gains on revaluation of fixed assets
-
180,744
Net movement in funds
53,438
93,655
Fund balances brought forward
623,112
529,457
Fund balances carried forward
676,550
623,112		 2021
Restricted
funds
£
15,214
-
1,567
-
-
16,781
-
34,152
34,152
7,632
(9,739)
13,207
-
3,468
59,875
63,343		 2020
2021
2020
Restricted
Endowment Endowment
funds
funds
funds
£
£
£
22,073
-
-
-
-
-
1,517
2,394
2,384
-
-
-
-
-
-
23,590
2,394
2,384
-
-
-
19,602
2,016
2,225
19,602
2,016
2,225
3,470
10,386
5,461
7,458
10,764
5,620
-
(13,207)
-
-
-
-
7,458
(2,443)
5,620
52,417
86,924
81,304
59,875
84,481
86,924		 2021
Total
funds
£
209,929
23,519
4,070
70,175
543
308,236
14,041
257,750
271,791
18,018
54,463
-
-
54,463
769,911
824,374		 2020
Total
funds
£
115,073
16,965
4,417
46,409
824
183,688
14,867
251,763
266,630
8,931
(74,011)
-
180,744
106,733
663,178
769,911

21