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2022-12-31-accounts

REGISTERED CHARITY NUMBER: 1131228

Report of the Trustees and

Financial Statements for the Year Ended 31st December 2022

for

Kidderminster East PCC

The Richards Sandy Partnership Thorneloe House 25 Barbourne Road Worcester Worcestershire WR1 1RU

Kidderminster East PCC

Contents of the Financial Statements for the Year Ended 31st December 2022

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Cash Flow Statement 8
Notes to the Cash Flow Statement 9
Notes to the Financial Statements 10 to 24

Kidderminster East PCC

Report of the Trustees for the Year Ended 31st December 2022

The trustees present their report with the financial statements of the charity for the year ended 31st December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to 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).

OBJECTIVES AND ACTIVITIES

The principle objective in the year under review was that of promoting in the parish the whole mission of the Church.

"Our aim is; to be a church where active followers of Jesus Christ worship God and live out His Love in the world".

The trustees confirm that the PCC has complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance on public benefit when reviewing the PCC's aims and objectives and in planning future activities.

Kidderminster East PCC has the responsibility of co-operating with the Team Rector, the Reverend David Hildred and the Team Vicar, the Reverend Robert Legge, in promoting in the Parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. Its primary objective is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. It also has maintenance responsibilities for the church buildings of St George's, St Chad's. St Cecilia's, St Mary's and St Cassian's.

Following the Covid Pandemic, it has been welcome and very rewarding that in-person services have been possible this year and these have been extremely beneficial for many within our Parish.

PCCs and DCCs

Much of the running of each church is delegated to five DCCs, which each meet six times a year. The PCC meets four times a year with additional meetings, as required. It oversees the finances of the whole parish and sets overall budget and policies.

ACHIEVEMENT AND PERFORMANCE

Through the work of Kidderminster East Parish, each year thousands of people who are not church members have contact with us, through the range of activities and services we provide. Some of them are more specifically 'spiritual' and to do with sharing the Christian faith. Others are more simply because we respond to that faith by caring for others. The following provide examples:

FINANCIAL REVIEW

Unrestricted incoming resources for the year amounted to £320,392 (2021: £304,633) and unrestricted outgoing resources amounted to £330,739 (2021: £282,507), including the contribution to the diocesan parish share, which largely provides the stipends and housing for the clergy.

Restricted incoming resources for the year amounted to £202,130 (2021: £265,059) and restricted outgoing resources were £259,720 (2021: £280,746).

The principle funding sources are voluntary contributions from members of the five churches in the parish and the corresponding gift aid tax reclaim. The charity also receives fee income from funerals and weddings and letting income from hiring out the church halls.

Page 1

Kidderminster East PCC

Report of the Trustees for the Year Ended 31st December 2022

FINANCIAL REVIEW (continued)

In 2018 the Parish of Kidderminster East was appointed as the Local Trusted Organisation of Big Local DY10. Included in restricted income is the DY10 grant income of £105,416 (2021: £201,188) which was redistributed as stipulated by DY10 Big Local.

Other restricted grants and donations were received in relation to the St Cassian's Church repairs and the St George's Roof Access project.

Reserves Policy

It is our policy to invest our funds balances with the CBF Church of England Deposit Fund.

The strategy agreed by the trustees is to maintain an unrestricted reserve fund equivalent to approximately 6 months’ expenditure. The PCC’s general unrestricted reserves, excluding fixed assets, were £150,951 at 31 December 2022 (2021: £153,392), representing approximately 5.5 months of unreserved expenditure, therefore the strategy has not quite been achieved this year. However the charity did have £44,410 net current assets available in designated funds which when added to general unrestricted funds would satisfy the reserves policy.

Restricted reserves were £127,169 at 31 December 2022 (2021: £107,623), bringing total reserves to £636,746 (2021: £713,757).

STRUCTURE, GOVERNANCE AND MANAGEMENT

The PCC of the Parish of Kidderminster East is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC of the Parish of Kidderminster East is a Registered Charity.

The method of appointment of PCC members is set out in the Church Representation Rules. The membership of the PCC consists of the incumbent, Diocesan and Deanery Synod members on the electoral roll of the parish, churchwardens and members elected by those members of the congregation who are on the electoral roll of the church. 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. New members receive initial training into the workings of the PCC.

Given its wide responsibilities the PCC delegates decisions regarding the day-to-day management of the five churches in the benefice to the District Church Council ("DCC") of each church but, where appropriate, the DCC's refer decisions to the PCC. The DCC's remain accountable to the PCC and report back regularly on activities and decisions in the respective churches. The PCC and DCC's have a number of committees, each dealing with a particular aspect of parish life. These committees include worship, mission and outreach and fabric and finance. Committees report back to the PCC / DCC.

The PCC of Kidderminster East has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, duty to have due regard to the House of Bishops' guidance on safeguarding children and vulnerable adults. In accordance with the House of Bishops' Key Roles and Responsibilities of Church Office Holders and Bodies Practice Guidance issued October 2017, the PCC continues to use the Parish Dashboard provided by the Diocese of Worcester as a way of self-assessment to ensure it continues to fulfil that duty. The PCC continues to comply with the duty to have "due regard" to the House of Bishops' guidance in relation to safeguarding.

The PCC of Kidderminster East is committed to the care, nurture and pastoral ministry of all and safeguarding is of the highest priority. We adhere to Diocesan policy and guidelines, keep our safeguarding records up to date and respond promptly when required. The PCC has identified all activities involving children, young people and vulnerable adults and reviewed its policies at its meeting on 28 February 2022.

The PCC of Kidderminster East has put into place processes in order to adhere to General Data Protection Regulations (GDPR), which came into force in May 2018. A Parish GDPR policy and privacy notice have been produced and are displayed in the 5 churches. Consent forms are completed by anyone wishing to be contacted by the parish agreeing to the retention of their personal information, as disclosed by them.

Volunteers

We would like to thank all the volunteers who work so hard to make our church the lively and vibrant community it is

Risk Assessment

The members of the PCC regularly review the risks to which the Council might be exposed and recommend action to mitigate these or to manage the risk appropriately. The PCC reviews its child protection and health and safety policies on an annual basis. Financial risks are regularly reviewed. Each DCC is required to carry out risk assessments of both its church premises and church activities, which has been at the forefront of planning during the Coronavirus pandemic.

Page 2

Kidderminster East PCC

Report of the Trustees for the Year Ended 31st December 2022

REFERENCE AND ADMINISTRATIVE DETAILS

The Ecclesiastical Parish of Kidderminster East is a benefice consisting of the churches of St George's, St Chad's, St Cecilia's (all in the town of Kidderminster), St Mary's, Stone and St Cassian's, Chaddesley Corbett (both in the rural hinterland to the east of the town).

St. George's Church, situated on the corner of Radford Avenue and Birmingham Road, St. Chad's, Burcher Green, Comberton, St. Cecilia's, Hoo Road, St Mary's, Stone and St Cassian's, Chaddesley Corbett form a Team Ministry, in the Diocese of Worcester within the Church of England. The correspondence address is The Parish Office, St Cecilia's Church, 164, Hoo Road, Kidderminster DY10 1LP.

The PCC registered as a charity on 19 August 2009. The name of the charity was "The Parochial Church Council of the Ecclesiastical Parish of St George, Kidderminster". The name was changed during the year 2012 to "The Parochial Church Council of the Parish of Kidderminster East". The registered charity number is 1131228.

PCC members who have served during 2022 are:

Diocesan Deanery Church
Synod Synod wardens Notes
The Reverend David Hildred X X Team Rector
The Reverend Robert Legge X Team Vicar
Hugh Richards X X X
Peter Gosling X X
Rob Poulsen X To 23/05/2022
Katy Cornwell X To 23/05/2022
Tim Morris X
Robert Hudson X From 23/05/2022
John Chesworth X Lay Chair
Stephen Duckhouse X DS from 23/05/2022
David Grist X DS from 23/05/2022
Christine Hickman-Smith X
Clare Stockford X X DS from 23/05/2022
Aley Richards X
Colin Emeny X X
Beth Richards
Anna Hanson
Shirley Cadman From 17/10/2022
Anthea Harris-Fry
Margaret Hodgson X
Geoff Surridge X From 14/11/2022
Jean Bailey
Shirley Surridge
Andy Tainton X
David Trethewey X From 23/05/2022
Peter Cooper To 23/05/2022
Helen Grist To 25/04/2022
John Heraty From 23/05/2022
Elaine Voice From 23/05/2022
Jennifer Tompkin From 23/05/2022
Jan Ferguson X
Les Bishton X
Bernie Halama
Rosemarie Moore
John Griffiths
Michael Gough X
Susan Laffey
David Underhill To 23/05/2022
Lyn Aston (not a Trustee) Treasurer
Jane Chapman (not a Trustee) Secretary

Page 3

Kidderminster East PCC

Report of the Trustees for the Year Ended 31st December 2022

The Parish is further organised with individual church District Church Committees (DCCs) and all PCC members are also members of their own church DCC.

Numbers on electoral roll:

Numbers on electoral roll:
2022 2021
St Cassian's 82 80
St Cecilia's 35 36
St Chad's 101 102
St George's 111 104
St Mary's 45 43
Total 374 365

2023 APCM SAFEGUARDING REPORT

The care and protection of children, young people and adults involved in church activities is the responsibility of the whole Church. Everyone who participates in the life of the Church therefore has a role to play in promoting a safer church for all. Safeguarding is at the heart of the gospel. We are called to welcome and show compassion to the oppressed and vulnerable and be a voice for the voiceless victims of injustice. Safeguarding good practice in church helps us to achieve this and to develop a culture of care underpinned by God's unconditional love and welcome for all.

We cannot place a high enough importance on safeguarding. It is vital that lessons are learned throughout the whole of the Church of England. Every day, the vulnerable come to us for shelter, for support and comfort. Their trust cannot be taken for granted. Archbishop of Canterbury, Justin Welby

The PCC of Kidderminster East has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, duty to have due regard to the House of Bishops' guidance on safeguarding children and vulnerable adults. In accordance with the House of Bishops' Key Roles and Responsibilities of Church Office Holders and Bodies Practice Guidance issued October 2017, the PCC utilises the Parish Dashboard provided by the Diocese of Worcester as a way of self-assessment to fulfil that duty. The PCC continues to comply with the duty to have "due regard" to the House of Bishops' guidance in relation to safeguarding.

Safeguarding is of the highest priority. We follow Church of England and Diocesan policy, Safer Recruitment and People Management, Training and Development practice guidance. We keep our safeguarding records up to date and respond promptly when required. The PCC identified all activities involving children, young people and vulnerable adults and reviewed its policies at its meeting on 13 February 2023.

Disclosure Barring Service (DBS) criminal record checks are updated as required (currently every 3 years). Across the parish, 110 x DBS certificates have been issued and 336 x safeguarding training courses attended.

The Parish of Kidderminster East is committed to the safeguarding, care and nurture of all within our church community. We are committed to providing an environment where all people, especially those who may be vulnerable are able to worship and pursue their faith journey with encouragement and in safety.

I would like to take this opportunity to thank the safeguarding leads at each church for their ongoing support. We ALL have a responsibility to safeguard and promote the welfare of children, young people and vulnerable adults and it is essential that we remain vigilant in all safeguarding matters, to ensure we may continue to grow in Christ in a safe environment.

Robert Poulsen

Parish Safeguarding Officer

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ Reverend D Hildred - Trustee

Page 4

Independent Examiner's Report to the Trustees of Kidderminster East PCC

Independent examiner's report to the trustees of Kidderminster East PCC

I report to the charity trustees on my examination of the accounts of Kidderminster East PCC (the Trust) for the year ended 31st December 2022.

Responsibilities and basis of report

As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the ERROR - relevant professional body must be completed, 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:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

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.

Robert Iestyn Richards

The Richards Sandy Partnership Thorneloe House 25 Barbourne Road Worcester Worcestershire WR1 1RU Date: .............................................

Page 5

Kidderminster East PCC

Statement of Financial Activities for the Year Ended 31st December 2022

2022
Unrestricted
Restricted
Endowment
Total
funds
funds
fund
funds
Notes
£
£
£
£
INCOME AND ENDOWMENTS
FROM
Donations and legacies
2
225,944
199,539
-
425,483
Charitable activities
5
Charitable Activities
53,815
-
-
53,815
Other trading activities
3
23,160
145
-
23,305
Investment income
4
1,149
2,436
-
3,585
Other income
6
16,324
10
-
16,334
Total
320,392
202,130
-
522,522
EXPENDITURE ON
Raising funds
7
6,205
-
-
6,205
Charitable activities
8
Charitable Activities
324,534
259,720
-
584,254
Total
330,739
259,720
-
590,459
Net gains/(losses) on
investments
(873)
(8,201)
-
(9,074)
NET INCOME/(EXPENDITURE)
(11,220)
(65,791)
-
(77,011)
Transfers between funds
19
(80,878)
85,337
(4,459)
-
Net movement in funds
(92,098)
19,546
(4,459)
(77,011)
RECONCILIATION OF FUNDS
Total funds brought forward
601,675
107,623
4,459
713,757
TOTAL FUNDS CARRIED
FORWARD
509,577
127,169
-
636,746		 2021
Total
funds
£
505,792
47,608
6,445
2,788
7,049
569,682
3,828
559,425
563,253
9,126
15,555
-
15,555
698,202
713,757

The notes form part of these financial statements

Page 6

Kidderminster East PCC

Balance Sheet 31st December 2022

Notes
FIXED ASSETS
Tangible assets
14
Investments
15
CURRENT ASSETS
Stocks
16
Debtors
17
Cash at bank
CREDITORS
Amounts falling due within one
year
18
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
NET ASSETS
FUNDS
19
Unrestricted funds
Restricted funds
Endowment funds
TOTAL FUNDS		 Unrestricted
funds
£
307,679
6,538
314,217
40
22,694
188,337
211,071
(15,711)
195,360
509,577
509,577		 Restricted
funds
£
-
56,178
56,178
-
-
123,355
123,355
(52,364)
70,991
127,169
127,169		 Endowment
fund
£
-
-
-
-
-
-
-
-
-
-
-		 2022
Total
funds
£
307,679
62,716
370,395
40
22,694
311,692
334,426
(68,075)
266,351
636,746
636,746
509,577
127,169
-
636,746		 2021
Total
funds
£
332,592
73,117
405,709
100
24,748
373,253
398,101
(90,053)
308,048
713,757
713,757
601,675
107,623
4,459
713,757

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Reverend D Hildred - Trustee

The notes form part of these financial statements

Page 7

Kidderminster East PCC

Cash Flow Statement for the Year Ended 31st December 2022

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of fixed asset investments
Sale of tangible fixed assets
Sale of fixed asset investments
Interest received
Dividends received
Net cash provided by investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2022
£
(66,472)
(66,472)
(25,456)
-
26,782
893
2,692
4,911
(61,561)
373,253
311,692		 2021
£
17,148
17,148
-
1,000
-
163
2,625
3,788
20,936
352,317
373,253

The notes form part of these financial statements

Page 8

Kidderminster East PCC

Notes to the Cash Flow Statement for the Year Ended 31st December 2022

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Losses/(gain) on investments
Interest received
Dividends received
Decrease in stocks
Decrease in debtors
Decrease in creditors
Net cash (used in)/provided by operations		 2022
£
(77,011)
24,914
9,074
(893)
(2,692)
60
2,054
(21,978)
(66,472)		 2021
£
15,555
24,970
(9,126)
(163)
(2,625)
-
16,385
(27,848)
17,148

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.22 Cash flow At 31.12.22
£ £ £
Net cash
Cash at bank 373,253 (61,561) 311,692
373,253 (61,561) 311,692
Total 373,253 (61,561) 311,692

The notes form part of these financial statements

Page 9

Kidderminster East PCC

Notes to the Financial Statements for the Year Ended 31st December 2022

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. 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 significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

INCOME

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Fundraising

Funds raised from events and trading activities (e.g. a fête, a garden party or sales of books and magazines) are reported gross in the SOFA, i.e. before any related costs that may have been deducted from the gross proceeds.

Grants and donations (incorporating government grants)

Grants and donations are included in the SOFA when the charity is entitled to the funds, i.e. when any preconditions preventing their use by the PCC have been met. For collections and planned giving this is when the funds are received.

Legacies

Legacies are included when the amount receivable has been reasonably ascertained and notified by the executors.

Gift Aid

Gift Aid and other tax claims are included in the SOFA at the same time as the cash donations to which they relate.

Volunteer Help

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustees’ Annual Report.

Rental income

Rental income from the letting of church premises is recognised when the rental is due.

Investment income

This is included in the accounts when receivable.

Investment gains and losses

This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

EXPENDITURE

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Support costs are included within charitable expenditure.

Page 10

continued...

Kidderminster East PCC

Notes to the Financial Statements - continued for the Year Ended 31st December 2022

1. ACCOUNTING POLICIES - continued

EXPENDITURE

Governance costs

Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters.

Grants payable without performance conditions

These are recognised in the accounts when a commitment has been made externally and there are no preconditions still to be met for entitlement to the grant which remain within the control of the PCC.

Liability recognition

Liabilities are recognised as soon as the legal or constructive obligation arises.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost Fixtures and fittings - 33% on cost, 25% on cost, 20% on cost, 15% on reducing balance, 10% on cost and 5% on cost

Expenditure is capitalised if the item can be used for more than one year, at cost of at least £1,000. The assets are valued at cost less depreciation.

Consecrated and benefice property

Consecrated and benefice property of any kind is excluded from the financial statements by Section 10(2) (a) and (c) of the Charities Act 2011.

Moveable church furnishings

These are capitalised at cost and depreciated over their useful economic life other than where insufficient cost information is available. In this case the item is not capitalised, but all items are included in the Church’s inventory in any case.

Investments

Investments quoted on a recognised stock exchange or whose value derives from them (CIFs, etc) are valued at market value at the year end. Other investment assets are included at trustees’ best estimate of market value.

Short-term deposits

Include cash held on deposit either with the CBF Church of England Funds or at the bank.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

The charity is exempt from tax on its charitable activities.

FUND ACCOUNTING

Unrestricted funds

These represent the remaining income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not included in its 'free reserves' as disclosed in the trustees’ report.

Restricted funds

These are income funds that must be spent in accordance with specific restrictions imposed by donors (including funds raised by the PCC for a specific purpose) and details of the funds held and restrictions provided are shown in the notes to the accounts.

Endowment funds

These are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted.

Page 11

continued...

Kidderminster East PCC

Notes to the Financial Statements - continued for the Year Ended 31st December 2022

1. ACCOUNTING POLICIES - continued

Redundancy and termination payments

Redundancy and termination costs are recognised as an expense in the Statement of Financial Activities and a liability on the Balance Sheet immediately at the point the charity is either demonstrably committed to either: terminate the employment of an employee or group of employees before normal retirement date; or provide termination benefits as a result of an offer made in order to encourage voluntary redundancy. The charity is considered to be demonstrably committed only when it has a detailed formal plan for the termination and is without realistic possibility of withdrawal from the plan.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities.

Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. DONATIONS AND LEGACIES

Unrestricted
funds
£
Donations
179,021
Gift aid
32,651
Legacies
2,500
Grants
11,772
225,944		 Restricted
Endowment
funds
funds
£
£
8,606
-
356
-
-
-
190,577
-
199,539
-		 2022
Total
funds
£
187,627
33,007
2,500
202,349
425,483		 2021
Total
funds
£
208,265
38,720
8,041
250,766
505,792

Grants received, included in the above, are as follows:

All Churches Trust
Commonwealth War Graves
Coronavirus Job Retention Scheme
The Friends of St Cassian's Chaddesley Corbett
Garfield Weston Foundation
Historic England
Limoges Trust
Listed Places of Worship
Local Trust (as Local Trusted Organisation)
National Churches Trust
Stone Parish Council
Stone Parochial Charity
The Wildlife Trusts
Worcester Diocesan Board of Finance
Worcestershire County Council
Wyre Forest District Council		 2022
£
4,000
15
-
45,517
7,500
-
-
24,997
105,416
5,000
750
2,245
-
5,959
200
750
202,349		 2021
£
-
15
3,300
-
-
7,906
2,225
1,581
201,188
-
750
3,473
17,000
-
-
13,328
250,766

Page 12

continued...

Kidderminster East PCC

Notes to the Financial Statements - continued for the Year Ended 31st December 2022

3.
OTHER TRADING ACTIVITIES
Unrestricted
Restricted
Endowment
funds
funds
funds
£
£
£
Fundraising events
14,350
145
-
Café and coffee shop
8,810
-
-
23,160
145
-
4.
INVESTMENT INCOME
Unrestricted
Restricted
Endowment
funds
funds
funds
£
£
£
Dividends
349
2,343
-
Deposit account interest
800
93
-
1,149
2,436
-
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Church Hall letting
Charitable Activities
Parish Magazine
Charitable Activities
Fees
Charitable Activities
6.
OTHER INCOME
Unrestricted
Restricted
Endowment
funds
funds
funds
£
£
£
Sundry
16,324
10
-
7.
RAISING FUNDS
RAISING DONATIONS AND LEGACIES
Unrestricted
Restricted
Endowment
funds
funds
funds
£
£
£
Fundraising events
3,295
-
-
OTHER TRADING ACTIVITIES
Unrestricted
Restricted
Endowment
funds
funds
funds
£
£
£
Café and coffee shop
expenses
2,910
-
-
Aggregate amounts
6,205
-
-		 2022
Total
funds
£
14,495
8,810
23,305
2022
Total
funds
£
2,692
893
3,585
2022
£
28,701
8,736
16,378
53,815
2022
Total
funds
£
16,334
2022
Total
funds
£
3,295
2022
Total
funds
£
2,910
6,205		 2021
Total
funds
£
4,038
2,407		 2021
Total
funds
£
4,038
2,407
6,445
2021
Total
funds
£
2,625
163
2,788
2021
£
8,660
10,569
28,379
47,608
2021
Total
funds
£
7,049
2021
Total
funds
£
2,627
2021
Total
funds
£
1,201
3,828
3,828

Page 13

continued...

Kidderminster East PCC

Notes to the Financial Statements - continued for the Year Ended 31st December 2022

8.
CHARITABLE ACTIVITIES COSTS
Charitable Activities
9.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Rates and water
Insurance
Light and heat
Telephone and internet
Postage and stationery
Mission & Charitable Giving
Ministry - Diocesan Parish Share
Travel
Church Running Expenses
Church Maintenance
Churchyard upkeep
Clerical Assistance
Church Hall running costs
Subscriptions
Social Media
Upkeep of services
Youth work
Magazine costs
Education
Sundry
Verger, organist
Professional fees
Depreciation
10.
SUPPORT COSTS
Charitable Activities
Support costs, included in the above, are as follows:
Bank charges
Independent examination		 Direct
Support
Costs (see
costs (see
note 9)
note 10)
£
£
579,015
5,239
2022
£
4,018
181
10,849
17,797
1,176
1,503
106,821
131,511
1,640
1,842
157,781
2,157
46,541
1,789
2,130
2,499
1,383
291
4,110
1,044
18,076
4,350
34,612
24,914
579,015
Governance
Finance
costs
£
£
619
4,620
2022
Charitable
Activities
£
619
4,620
5,239		 Totals
£
584,254		 Totals
£
584,254
2021
£
3,752
150
9,956
11,282
1,114
2,131
201,937
129,633
635
1,498
88,285
2,554
42,538
939
1,854
4,917
1,368
785
5,499
143
9,356
3,350
6,039
24,970
554,685
Totals
£
5,239
2021
Total
activities
£
-
4,740
4,740
4,740

Page 14

continued...

Kidderminster East PCC

Notes to the Financial Statements - continued for the Year Ended 31st December 2022

11. TRUSTEES' REMUNERATION AND BENEFITS

During the year £597 was paid to T Morris, a member of St George's District Church Council, in his capacity as Director of Music at St George's Church (2021: £1,688). This is permitted by the PCC's governing document, the Parochial Church Councils (Powers) Measure 1956.

Also during the year £13,809 was payable to R Hudson, a member of St George's District Church Council, in his capacity administering the funds for Big Local DY10 (2021: £6,039).

TRUSTEES' EXPENSES

Two trustees were paid travel expenses totalling £1,640 and one was reimbursed £544 for telephone and other sundry costs (2021: one trustee reimbursed £953).

12. STAFF COSTS

2022 2021
£ £
Wages and salaries 41,757 48,384
Employer pensions 1,994 2,285
Redundancy 7,725 -
Total 51,476 50,669

The average monthly number of employees during the year was as follows:

2022 2021
Average number of employees 6 8

No employees received emoluments in excess of £60,000.

13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
Endowment
funds
funds
fund
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
243,045
262,747
-
Charitable activities
Charitable Activities
47,608
-
-
Other trading activities
6,445
-
-
Investment income
486
2,302
-
Other income
7,049
-
-
Total
304,633
265,049
-
EXPENDITURE ON
Raising funds
3,828
-
-
Charitable activities
Charitable Activities
278,679
280,746
-
Total
282,507
280,746
-
Net gains on investments
928
8,198
-
NET INCOME/(EXPENDITURE)
23,054
(7,499)
-
Transfers between funds
(26,110)
26,110
-
Net movement in funds
(3,056)
18,611
-		 Total
funds
£
505,792
47,608
6,445
2,788
7,049
569,682
3,828
559,425
563,253
9,126
15,555
-
15,555

Page 15

continued...

Kidderminster East PCC

Notes to the Financial Statements - continued for the Year Ended 31st December 2022

13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
funds
funds
£
£
RECONCILIATION OF FUNDS
Total funds brought forward
604,731
89,012
TOTAL FUNDS CARRIED FORWARD
601,675
107,623
14.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1st January 2022 and
31st December 2022
195,450
DEPRECIATION
At 1st January 2022
52,740
Charge for year
3,909
At 31st December 2022
56,649
NET BOOK VALUE
At 31st December 2022
138,801
At 31st December 2021
142,710
15.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1st January 2022
Additions
Disposals
Revaluations
At 31st December 2022
NET BOOK VALUE
At 31st December 2022
At 31st December 2021
Endowment
Total
fund
funds
£
£
4,459
698,202
4,459
713,757
Fixtures
and
fittings
Totals
£
£
298,440
493,890
108,558
161,298
21,004
24,913
129,562
186,211
168,878
307,679
189,882
332,592
Listed
investments
£
73,117
25,456
(26,784)
(9,073)
62,716
62,716
73,117		 Total
funds
£
698,202
713,757

There were no investment assets outside the UK.

Page 16

continued...

Kidderminster East PCC

Notes to the Financial Statements - continued for the Year Ended 31st December 2022

16.
STOCKS
Stocks
17.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Gift Aid recoverable
Accrued income
Prepayments
18.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Pensions
Funds held as agent
Deferred income
Accrued expenses		 2022
£
40
2022
£
9,667
10,790
932
1,305
22,694
2022
£
1,410
55
283
1,700
53,964
10,663
68,075		 2021
£
100
2021
£
2,107
14,056
4,579
4,006		 2021
£
100
24,748
2021
£
3,010
55
381
-
79,908
6,699
90,053

Deferred income includes deposits of £1,600 (2021: £5,764) for events which have not yet taken place. Also included within deferred income is £52,365 (2021: £74,144) of restricted grant income from Big Local DY10. The funds are held by St George's DCC as the Local Trusted Organisation and are distributable with the approval of the Big Local DY10 Chair. Any grant income which has not been distributed at the end of the Local Trust programme, is repayable to the Local Trust.

The 'funds held as agent' of £1,700 relates to monies held by St Cecilia's DCC on behalf of Young at Heart.

Page 17

continued...

Kidderminster East PCC

Notes to the Financial Statements - continued for the Year Ended 31st December 2022

19. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.1.22 in funds funds 31.12.22
£ £ £ £
Unrestricted funds
General fund 493,395 (11,811) (19,629) 461,955
St Chad's Cafe Fund 3,194 765 - 3,959
St Chad's Legacy Fund 2,262 - 251 2,513
St George's DCC - Roof Access Fund 26,500 - (26,500) -
Parish Office - Leswell Street Fund 76,324 (174) (35,000) 41,150
601,675 (11,220) (80,878) 509,577
Restricted funds
St Cassian's Chancel Fund - (743) 1,436 693
St Cassian's Church Bells Fund 1,460 (1,460) - -
St Cassian's E. Pratt Fund 8,781 (1,004) - 7,777
St Cassian's Greatwich Fund 23,436 34 4,459 27,929
St Cassian's John Giles Bellringer Fund 999 (131) - 868
St Cassian's Mills Children's Activities Fund 2,504 (169) - 2,335
St Cassian's Mitchell Charity 3,784 (2,348) (1,436) -
St Cassian's William Sebright Fund 22,432 (3,700) - 18,732
St Cecilia's Jubilee Fund - 38 - 38
St Cecilia's Warm Space Fund - 572 - 572
St Chad's Repair Fund - 251 (251) -
St Chad's Community Support Fund - 5,665 - 5,665
St George's DCC - Choir and Organ Fund 440 (2) - 438
St George's DCC - General Purchase Fund 190 9 - 199
St George's DCC - Knit and Knatter Fund - 201 - 201
St George's DCC - Macfarlane Fund 14,582 (1,860) - 12,722
St George's DCC - Roof Access Fund 13,933 (60,062) 81,129 35,000
St Mary's DCC - Bell / Tower Repairs Fund 3,248 - - 3,248
St Mary's DCC - Corner Cafe Fund 400 - - 400
Parish Office - Emily Jane Brooks Fund 1,500 (1,145) - 355
Parish Office - Mary Wilcox Fund 9,934 63 - 9,997
107,623 (65,791) 85,337 127,169
Endowment funds
St Cassian's Endowment Fund 4,459 - (4,459) -
TOTAL FUNDS 713,757 (77,011) - 636,746

Page 18

continued...

Kidderminster East PCC

Notes to the Financial Statements - continued for the Year Ended 31st December 2022

19. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
St Chad's Cafe Fund
Parish Office - Leswell Street Fund
Restricted funds
St Cassian's Chancel Fund
St Cassian's Church Bells Fund
St Cassian's E. Pratt Fund
St Cassian's General Repair Fund
St Cassian's Greatwich Fund
St Cassian's John Giles Bellringer Fund
St Cassian's Mills Children's Activities Fund
St Cassian's Mitchell Charity
St Cassian's William Sebright Fund
St Cecilia's Jubilee Fund
St Cecilia's Miscellaneous Expenses Fund
St Cecilia's Warm Space Fund
St Chad's Repair Fund
St Chad's Community Support Fund
St George's DCC - Big Local DY10
St George's DCC - Choir and Organ Fund
St George's DCC - General Purchase Fund
St George's DCC - Knit and Knatter Fund
St George's DCC - Macfarlane Fund
St George's DCC - Roof Access Fund
Heating Fund
St Mary's DCC - Churchyard Fund
Parish Office - Emily Jane Brooks Fund
Parish Office - Mary Wilcox Fund
TOTAL FUNDS		 Incoming
resources
£
313,889
6,248
255
320,392
-
28
188
45,517
518
22
49
44
496
250
254
662
500
5,665
105,416
-
10
300
373
33,911
6,459
750
655
63
202,130
522,522		 Resources
expended
£
(325,256)
(5,483)
-
(330,739)
(743)
(1,386)
(210)
(45,517)
(190)
(40)
-
(167)
(1,600)
(212)
(254)
(90)
(249)
-
(105,416)
(2)
(1)
(99)
(562)
(93,973)
(6,459)
(750)
(1,800)
-
(259,720)
(590,459)		 Gains and
Movement
losses
in funds
£
£
(444)
(11,811)
-
765
(429)
(174)
(873)
(11,220)
-
(743)
(102)
(1,460)
(982)
(1,004)
-
-
(294)
34
(113)
(131)
(218)
(169)
(2,225)
(2,348)
(2,596)
(3,700)
-
38
-
-
-
572
-
251
-
5,665
-
-
-
(2)
-
9
-
201
(1,671)
(1,860)
-
(60,062)
-
-
-
-
-
(1,145)
-
63
(8,201)
(65,791)
(9,074)
(77,011)

Page 19

continued...

Kidderminster East PCC

Notes to the Financial Statements - continued for the Year Ended 31st December 2022

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
St Chad's Cafe Fund
St Chad's Legacy Fund
St George's DCC - Roof Access Fund
Parish Office - Leswell Street Fund
Restricted funds
St Cassian's Church Bells Fund
St Cassian's E. Pratt Fund
St Cassian's Greatwich Fund
St Cassian's John Giles Bellringer Fund
St Cassian's Mills Children's Activities Fund
St Cassian's Mitchell Charity
St Cassian's Organ Fund
St Cassian's William Sebright Fund
St Chad's Repair Fund
St George's DCC - Choir and Organ Fund
St George's DCC - General Purchase Fund
St George's DCC - Knit and Knatter Fund
St George's DCC - Macfarlane Fund
St George's DCC - Roof Access Fund
St Mary's DCC - Bell / Tower Repairs Fund
St Mary's DCC - Corner Cafe Fund
Parish Office - Emily Jane Brooks Fund
Parish Office - Mary Wilcox Fund
Endowment funds
St Cassian's Endowment Fund
TOTAL FUNDS		 At 1.1.21
£
468,655
3,114
14,131
43,000
75,831
604,731
1,505
7,821
22,520
916
2,226
3,449
632
20,871
-
440
250
379
12,946
-
3,248
400
1,484
9,925
89,012
4,459
698,202		 Net
movement
in funds
£
22,481
80
-
-
493
23,054
(45)
960
2,481
83
278
335
401
1,561
(11,869)
-
(60)
(379)
1,636
(2,906)
-
-
16
9
(7,499)
-
15,555		 Transfers
between
funds
£
2,259
-
(11,869)
(16,500)
-
(26,110)
-
-
(1,565)
-
-
-
(1,033)
-
11,869
-
-
-
-
16,839
-
-
-
-
26,110
-
-		 At
31.12.21
£
493,395
3,194
2,262
26,500
76,324
601,675
1,460
8,781
23,436
999
2,504
3,784
-
22,432
-
440
190
-
14,582
13,933
3,248
400
1,500
9,934
107,623
4,459
713,757

Page 20

continued...

Kidderminster East PCC

Notes to the Financial Statements - continued for the Year Ended 31st December 2022

19. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 303,304 (281,295) 472 22,481
St Chad's Cafe Fund 1,292 (1,212) - 80
Parish Office - Leswell Street Fund 37 - 456 493
304,633 (282,507) 928 23,054
Restricted funds
St Cassian's Church Bells Fund 36 (260) 179 (45)
St Cassian's E. Pratt Fund 183 (110) 887 960
St Cassian's General Repair Fund 3,225 (3,225) - -
St Cassian's Greatwich Fund 487 (405) 2,399 2,481
St Cassian's John Giles Bellringer Fund 21 (40) 102 83
St Cassian's Mills Children's Activities Fund 46 - 232 278
St Cassian's Mitchell Charity 57 - 278 335
St Cassian's Organ Fund 401 - - 401
St Cassian's William Sebright Fund 485 (1,269) 2,345 1,561
St Chad's Repair Fund 24,223 (36,092) - (11,869)
St George's DCC - Big Local DY10 201,188 (201,188) - -
St George's DCC - General Purchase Fund 290 (350) - (60)
St George's DCC - Knit and Knatter Fund - (379) - (379)
St George's DCC - Macfarlane Fund 418 (558) 1,776 1,636
St George's DCC - Roof Access Fund 32,614 (35,520) - (2,906)
St Mary's DCC - Churchyard Fund 750 (750) - -
Parish Office - Emily Jane Brooks Fund 616 (600) - 16
Parish Office - Mary Wilcox Fund 9 - - 9
265,049 (280,746) 8,198 (7,499)
TOTAL FUNDS 569,682 (563,253) 9,126 15,555

TRANSFERS BETWEEN FUNDS

The following transfers were made during the year: £26,500 was transferred from the designated St George's refurbishment fund to the restricted St George's Roof Access fund and £19,629 was transferred from the general fund to the restricted St George's Roof Access fund to cover the excess of expenditure over income.

£71,634 was also transferred from the designated Parish Office Leswell Street Fund to the restricted St George's Roof Access fund, representing the loan made to St George's to finance the roof access project. £36,634 was repaid. £35,000 was repayable to the Parish Office by St George's as at 31 December 2022.

In April 2022 St Cassian's DCC resolved to unlock the capital from the three small endowment funds under the provisions of Section 281 of the Charities Act. A transfer of £4,459 has therefore been made from the St Cassian's Endowment Fund, with £1,436 transferred to the restricted Chancel fund and £3,023 transferred to the restricted Tandy & Corbett fund. A transfer of £3,023 has also been included from the restricted Tandy & Corbett fund and £1,436 from the restricted Mitchell Churchyard fund to the Greatwich Churchyard fund. These funds all had the purpose of maintaining the churchyard therefore they have now been merged into one fund.

During the year a transfer of £251 was made to the designated St Chad's Legacy Fund from the restricted St Chad's Repair Fund. An additional grant of £500 was received in the current year towards the St Chad's Repair Fund so this transfer returns funds which were transferred last year to cover a fund deficit.

Page 21

continued...

Kidderminster East PCC

Notes to the Financial Statements - continued for the Year Ended 31st December 2022

20. EMPLOYEE BENEFIT OBLIGATIONS

Kidderminster East Parochial Church Council participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers.

CWPF has two sections:

  1. the Defined Benefits Scheme

  2. the Pension Builder Scheme, which has two subsections;

  3. a. a deferred annuity section known as Pension Builder Classic, and,

  4. b. a cash balance section known as Pension Builder 2014.

Pension Builder Scheme

Both sections of the Pension Builder Scheme are classed as defined benefit schemes.

Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors.

Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65.

There is no sub-division of assets between employers in each section of the Pension Builder Scheme.

The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme's assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are the contributions payable (2022: £1,994, 2021: £2,285).

A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2019. The next valuation is due as at 31 December 2022.

For the Pension Builder Classic section, the valuation revealed a deficit of £4.8m on the ongoing assumptions used. At the most recent annual review, the Board chose to grant a discretionary bonus of 10.1% following improvements in the funding position over 2022. There is no requirement for deficit payments at the current time.

For the Pension Builder 2014 section, the valuation revealed a surplus of £5.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.

The legal structure of the scheme is such that if another employer fails, Kidderminster East Parochial Church Council could become responsible for paying a share of the failed employer's pension liabilities.

21. RELATED PARTY DISCLOSURES

During the year donations of £1,000 were received from members towards the St George's roof access project.

During the year £1,440 (2021: £1,440) was donated to The King of Hearts Creative Outreach, a registered charity number 1147489. Mr D Underhill, a former member of the District Church Council of St Chad’s, is a trustee of The King Of Hearts Creative Outreach.

During the year a grant of £2,245 (2021: £3,473) was received from the Stone Parochial Charity, of which Mr R Legge, Mr M Gough, Mrs S Laffey and Mr C Emeny are trustees. This grant was in relation to St Mary’s churchyard repairs and maintenance.

During the year grants of £45,517 (2021: £nil) were recevied from Friends of St Cassian's, of which A Hanson, C Hickman-Smith and H Richards are trustees. This grant was in relation to church repairs and maintenance.

Page 22

continued...

Kidderminster East PCC

Notes to the Financial Statements - continued for the Year Ended 31st December 2022

22. PURPOSE OF FUNDS

UNRESTRICTED FUNDS

General Fund

The unrestricted general fund can be used for any charitable purpose within the charity’s objects and approved by the Trustees.

St Chad's DCC Café Fund

This fund is designated for the purpose of supporting the café at St Chad’s church.

St Chad's DCC Legacy Fund

This fund is designated for the purpose as specified in legacies.

Parish Office - Leswell Street Fund

This fund is designated for the purpose of providing a loan facility to the DCC’s for maintaining and improving the churches.

St George's DCC - Roof Access Fund

This fund is designated for the purpose of covering the cost of any significant repairs and improvements to the church. The current project being undertaken is the creation of a new roof access.

RESTRICTED FUNDS

St Cassian's DCC - Chancel Fund

This fund has been created from the conversion of capital endowment funds into income and is restricted for the purpose of church upkeep.

St Cassian’s DCC - Church Bells Fund

This fund is restricted for the purpose of the upkeep of the church bells.

St Cassian's DCC - E. Pratt Fund

This fund is restricted for the purposes of supporting the poor, the organists and the choir.

St Cassian's DCC - General Repair Fund

This fund is comprised of grants received for specific general purchases.

St Cassian's DCC - Greatwich Fund

This fund is restricted for the purposes of upkeep of the churchyard.

St Cassian’s DCC - John Giles Bellringers Fund

This fund is restricted for the purpose of ringing the church bells on a specific day in December in the memory of John Giles.

St Cassian's DCC - Mills Children's Activities Fund

This fund is restricted for the purpose of supporting children's activities in Chaddesley Parish.

St Cassian’s DCC - Mitchell Charity Fund

This fund is restricted for the purpose of the upkeep of the churchyard. During the year the fund was merged with the Greatwich Churchyard fund since they have the same purposes.

St Cassian's DCC - Organ Fund

This fund is restricted for the purpose of the repair of the church organ.

St Cassian’s DCC - William Sebright Fund

This fund is restricted for the purpose of helping the needy and dis-advantaged of Chaddesley Parish to sustain themselves.

St Cecilia's Jubilee Fund

This fund is restricted for the purpose of hosting a Jubilee event.

St Cecilia's Miscellaneous Expenses Fund

This fund has been created where small miscellaneous donations have been received for restricted purposes.

St Cecilia's Warm Space Fund

This fund is restricted for the purpose of providing warm spaces by running a Sunday breakfast morning.

Page 23

continued...

Kidderminster East PCC

Notes to the Financial Statements - continued for the Year Ended 31st December 2022

22. PURPOSE OF FUNDS - continued

St Chad's Community Support Fund

This fund has been created this year following the receipt of donations to spend on 'Community Support' by way of activities designed to support the families in need living in the estate around the church.

St Chad's DCC - Repair Fund

This fund is restricted for the purpose of covering the cost of any significant repairs and improvements to the church, as specified by the donor.

St George’s DCC - Big Local DY10

This fund is comprised of grants received from Big Local DY10, to be distributed to approved causes in the Horse Fair, Green Hill and Broadwaters areas. In 2018, Big Local DY10 appointed the Parish of Kidderminster East as its Local Trusted Organisation, responsible for receiving and distributing this funding.

St George’s DCC - Choir and Organ Fund

This fund is restricted for the purpose of paying for choir and organ expenditure.

St George's DCC - General Purchase Fund

This fund is comprised of grants received for specific general purchases.

St George's DCC - Knit and Knatter Fund

This fund is restricted for the purpose of the Knit and Knatter group producing knitted articles for local families in the Big Local DY10 HBG area.

St George’s DCC - MacFarlane Fund

This fund is restricted for the purpose of the provision of music and other choir related expenditure at St George’s Church.

St George’s DCC - Roof Access Fund

This fund is restricted for the purpose of covering the costs associated with the roof access project.

Heating Fund

During the year the PCC was awarded a grant from the Worcester Diocesan Board of Finance towards the increased energy bills.

St Mary's DCC - Bell / Tower Repair Fund

This fund is restricted for the purpose of covering the cost of any repairs to the Bell or Tower.

St Mary's DCC - Churchyard Fund

This fund is restricted for the purpose of the upkeep of the churchyard.

St Mary's DCC - Corner Café Fund

This fund is restricted for the purpose of running the Corner Café.

Parish Office - Emily Jane Brooks Trust Fund

This fund is restricted for the purpose of providing support to the sick and needy of the parish.

Parish Office - Mary Wilcox Fund

This fund is restricted for the purpose of providing support to the elderly in outlying areas.

ENDOWMENT FUNDS

St Cassian's Endowment Fund

This income is to be used for specified purposes relating to the upkeep of graves, the churchyard and the church. The capital was unlocked in the year under the provisions of Section 281 of the Charities Act.

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