**REGISTERED CHARITY NUMBER: 1131228** **Report of the Trustees and** **Financial Statements for the Year Ended 31st December 2025** **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 2025** ||**Page**| |---|---| |**Report of the Trustees**|1 to 5| |**Independent Examiner's Report**|6| |**Statement of Financial Activities**|7 to 8| |**Balance Sheet**|9| |**Cash Flow Statement**|10| |**Notes to the Cash Flow Statement**|11| |**Notes to the Financial Statements**|12 to 25| |**Detailed Statement of Financial Activities**|26 to 27| ## **Kidderminster East PCC** ## **Report of the Trustees for the Year Ended 31st December 2025** The trustees present their report with the financial statements of the charity for the year ended 31st December 2025. 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, (although this post is vacant currently), 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. ## **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. ## **ACHIEVEMENTS AND PERFORMANCE** From 1st January 2024 St Cassian's began working in a new group of parishes, but remains legally part of the parish. However, the following comments refer only to the remaining four churches of Kidderminster East. 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: - 34 funerals and 10 committals/burial of ashes have been undertaken within the parish, where sensitive pastoral care has been given to the families, as well as to others who attended the ceremonies. - Similarly, support has been provided to wedding couples with their plans and wedding preparation; 1 wedding took place this year. - Also 5 baptisms have taken place and 6 services of thanksgiving for the birth of a child. - With funerals and weddings, almost invariably we receive warm thanks for the quality of service provided. - - The events on offer to children and families have been amplified with regular Family Fun Activity Afternoons, the Children's Club, school holiday events as well as the regular Sunday morning provision. - Social events have continued to be offered; these have met the needs of both churches and unchurched people, often including the needs of lonely and elderly people. - Church members volunteer with charities such as the Kidderminster Foodbank, HELP, along with others that offer social care. - Provision of warm spaces and refreshments in order to help combat the rises in the cost of living for many individuals - Care and maintenance of the church buildings to ensure that they are welcoming and accessible to all who use them. - The Parish Website remains an extremely useful tool for easily disseminating information across the Parish. - Ministry amongst schools in the parish has continued with taking assemblies, offering "Open the Bible" presentations, and welcoming a number of them into our churches for Christmas and Easter services. Page 1 **Kidderminster East PCC** ## **Report of the Trustees for the Year Ended 31st December 2025** ## **FINANCIAL REVIEW** Unrestricted incoming resources for the year amounted to £445,219 (2024: £332,092). This income includes income from St Cassian's DCC totalling £51,662 (2024: £57,035). Total unrestricted outgoing resources amounted to £351,360 (2024: £359,274), including St Cassian's expenditure of £47,664 (2024: £48,120). Total restricted incoming resources for the year amounted to £90,148 (2024: £89,573) including St Cassian's restricted income of £11,252 (2024: £1,326). Total restricted outgoing resources amounted to £74,670 (2024: £75,717) including St Cassian's spend of £12,103 (2024: £2,724) The principal 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. ## **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 both fixed assets, designated funds and St Cassian's, were £200,460 at 31 December 2025. (2024: £189,204), representing approximately 8 months of unreserved expenditure, therefore the strategy has been achieved this year. Restricted reserves excluding St Cassian's were £65,434 at 31 December 2025 (2024: £39,920). Total funds held by the PCC as at 31 December 2025 were £764,034 (2024: £657,296). ## **2026 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. The PCC of Kidderminster East continues to comply with: - the duty under s. 5 of the Safeguarding and Clergy Discipline Measure 2016, 'duty to have due regard' to the House of Bishops' guidance on safeguarding children and adults at risk; and - the safeguarding Code of Practice issued under s. 5A of the Safeguarding and Clergy Discipline Measure 2016, as amended by the Safeguarding (Code of Practice) Measure 2021, 'duty to comply' with the requirements of the Code. In accordance with the House of Bishops' Key Roles and Responsibilities of Church Office Holders and Bodies Practice Guidance, the PCC utilises the Parish Dashboard provided by the Diocese of Worcester as a way of self-assessment to fulfil that duty. 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 has identified all activities involving children, young people and adults at risk and reviewed its policies at its meeting on 23 February 2026. Disclosure Barring Service (DBS) criminal record checks are updated as required (currently every 3 years). Across the parish, 107 x DBS certificates have been issued and 247 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. Page 2 **Kidderminster East PCC** ## **Report of the Trustees for the Year Ended 31st December 2025** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** 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. ## **Recruitment and appointment of new trustees** 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. ## **Decision making** 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 Committee ("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. ## **Safeguarding** 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 17 February 2025. 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 safeguarding 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. Page 3 ## **Kidderminster East PCC** ## **Report of the Trustees for the Year Ended 31st December 2025** ## **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 2025 are: ||**Diocesan**|**Deanery**|**Church**|| |---|---|---|---|---| ||**Synod**|**Synod**|**wardens**|**Notes**| |The Reverend David Hildred|Yes|Yes||Team Rector| |The Reverend Jacqueline Shalloe|Yes|Yes||from 23.02.25 Team Vicar| |The Reverend Chloë Hewett|Yes|Yes||from 04.09.25 Associate Priest| |Hugh Richards|Yes|Yes|Yes|| |Roger White|Yes|Yes||| |Bernie Halama|Yes|Yes||| |Tim Morris||Yes||| |Robert Hudson||Yes||to 20.09.25| |John Chesworth||Yes||Lay Chair| |Stephen Duckhouse||Yes||| |David Grist||Yes||| |Christine Hickman-Smith||Yes||| |Clare Stockford||Yes|Yes|| |Aley Richards||Yes||| |Colin Emeny||Yes|Yes|| |Michael Gough|||Yes|| |Shirley Surridge|||Yes|| |Cynthia Cartwright|||Yes|from 19.05.25| |Andy Tainton|||Yes|| |David Trethewey|||Yes|| |Jan Ferguson|||Yes|| |Les Bishton|||Yes|| |Beth Richards||||| |Anna Hanson||||| |Anthea Harris-Fry||||| |Margaret Hodgson||||| |Ron Layton||||| |Katy Cornwell||||from 19.05.25| |John Heraty||||| |Elaine Voice||||to 19.05.25| |Jennifer Tompkin||||| |Mike Bylett||||from 19.05.25| |Rosemarie Moore||||| |John Griffiths||||| |Susan Laffey||||| |Val Bond||||| |Non-PCC members who have served|as office holders during 2025||are:|| |Lyn Aston (not a Trustee)||||Treasurer to 30.04.25| |Stella Painter (not a Trustee)||||Treasurer from 01.05.25| |Jane Chapman (not a Trustee)||||Secretary| The Parish is further organised with individual church District Church Committees (DCCs) and all PCC members are also members of their own church DCC. Page 4 RepLYt ofthe TnJ•te¢% for th• Year End•d 31st £)ocember 2025 Numb•vs on •lKtor* roll: 20 st Ca5￿￿n.S St Cecilia's St Chad's St George St Maws 72 36 89 102 31 75 41 109 118 41 Totsl 330 A4pro¥•d by order ol Iho bogrf of truBtOPS W ... . Reverend D Hihgred- Trustee Page 5 Indèpèndènt Examinels Rèport to thè Trustè•8 01 Kidderminster East pcc Independentexamln•ffs ¥•port to the tru8te#8 of Kidd•rminster East PCC I report to the charity trustèas on my èxamination of th6 atcounts of Ki(Ilerynir6ter East PCC lthe Trust) forthe year anded 31st Der£mber 2025. Rosponslbllltlg$ and ba81¥ of report As the charity trustees of the Trust you arè tssponsibl6 for the preparation ol the accounts in accordancè with requirements of the Charitses Act 2011 Ctlp ACYI. I r8POrt in re5ped of my examination of the Trusfs accounts carriwj oul under Sects'on 145 01 the Act and in carrying out my examination I have followed all applicable Directions given by the Charty Ccxnmission under Section 14515llbl of the Act Indop•ndent examineV8 Stotement Since your charity's gross income 6xcèad8d £250.000 your examiner rnust be a member of 8 listed body. I can confim) that l am qualified to undertake the ex8minabon because l am a member ol the As$o(iation of Chartered Certif￿d Accountants. which is on8 of thg lisled bodies. I have ccThpleted my examination. I confirm that no material matters have come to my attention in connection wth Ihg exami*)ation giviro me (3use to b81￿Ve that in any material respect.. a¢o)untr'ng records were not kèpt in resp8d of the Twst as fequired by Section 130 of thè A¢t'. or the accounts ¢Jo not 8ccord with those records.. Dr the accounts do not comply with thè applicable ￿quiremants concerning the fom and content ol accounts 58t o in the Chant￿S IA(xounts and Reports) Regulabons 2008 otherthan any requirement that accounts givè a true anfj 18ir view which is not a matter con9de￿￿ a5 part of independent examination. I have no 0)n￿mS and havè come acrDSS no other matters in C￿neCtIon with th8 examinatyon to whKh att&ntDn should be drawn in this ￿port in ordar to énable a proper underslandirrfJ of tha a￿Ournts lo be Teach￿. M8lissa G(￿lW1n ACA,ACCA Th8 R￿hardS S8r#Yy Partnership Th0[￿lOe House 25 Balooume Road Wor￿St&r Worcestershire WR1 1RU Dats. .Cs...0g.,.￿..................... Page 6 ## **Statement of Financial Activities for the Year Ended 31st December 2025** ||||St Cassian's||St Cassian's||| |---|---|---|---|---|---|---|---| ||||DCC||DCC||| ||||General||Restricted||| ||||Fund -||Fund -|**2025**|2024| |||Unrestricted|discontinuing|Restricted|discontinuing|**Total**|Total| |||funds|operations|funds|operations|**funds**|funds| ||Notes|£|£|£|£|**£**|£| |**INCOME AND ENDOWMENTS FROM**|||||||| |Donations and legacies|2|**316,276**|**27,828**|**74,382**|**9,894**|**428,380**|310,239| |Charitable activities|5|**47,920**|**16,162**|**-**|**-**|**64,082**|74,126| |Other trading activities|3|**23,396**|**6,964**|**3,451**|**-**|**33,811**|28,316| |Investment income|4|**5,965**|**708**|**1,063**|**1,358**|**9,094 **|8,984| |**Total**||**393,557 **|**51,662 **|**78,896**|**11,252**|**535,367**|421,665| |**EXPENDITURE ON**|||||||| |Raising funds|6|**7,204**|**-**|**-**|**-**|**7,204**|5,303| |Charitable activities|7|**296,492**|**47,664**|**62,567**|**12,103**|**418,826**|429,688| |**Total**||**303,696**|**47,664 **|**62,567 **|**12,103**|**426,030**|434,991| |Net gains/(losses) on investments||**(144)**|**-**|**(502)**|**(1,953) **|**(2,599) **|1,623| |**NET INCOME/(EXPENDITURE)**||**89,717**|**3,998**|**15,827**|**(2,804)**|**106,738**|(11,703)| |**Transfers between funds**|18|**(9,687)**|**(657)**|**9,687**|**657**|**-**|-| |**Net movement in funds**||**80,030**|**3,341**|**25,514**|**(2,147)**|106,738|(11,703)| |**RECONCILIATION OF FUNDS**|||||||| |Total funds brought forward||**511,105**|**42,865**|**39,920**|**63,406**|**657,296**|668,999| |**TOTAL FUNDS CARRIED FORWARD**||**591,135**|**46,206**|**65,434 **|**61,259**|764,034|657,296| The notes form part of these financial statements Page 7 ## **Kidderminster East PCC** ## **Statement of Financial Activities** **for the Year Ended 31st December 2025** ## **CONTINUING OPERATIONS** Following a Deanery re-organisation, on 1 January 2024 St Cassian's DCC began to work with another grouping of churches as part of the deanery reorganisation, but remain legally part of Kidderminster East. It is anticipated that the reorganisation will complete during 2026. The notes form part of these financial statements Page 8 BalJn¢• She•t 31st OÈeem1￿ 2025 St Ca5sian'$ St Cas%an's occ Restricted F￿ld. Fund- Lhwtricted thsCO￿n￿ry Restsickd d￿￿Tru¥ OP8fatKsns lund$ oporations. 2025 Tolal funds 2024 Totsl nd5 Notss FIXED ASSETS T8ngible assets Investments 14 15 213.518 213,518 246.199 12,r22 311.876 346.848 CURRENT A88 Debt¢rs Cash al bank 16 11.025 261374 5.509 375 16.534 14,5￿) 343,992 3•1348 463Qfj 14,T99 499.96$ 358.492 CREDrroRS Amount8 I￿lIng due wlihkn or* yèar 17 112.S27) 112.527) 113.0721 NET CURRENT A8SET8 TOTAL ASSEfs LESS CURRENT LIABIUThS 591.135 463Q6 11.259 764.034 657,296 NET ASSETS FUt4D8 Unrtr8trict￿ fvnds ReBlrirted fvJndB 18 637.341 553,970 TOTAL FUNOS The finar￿TraI statements were wproved by the Board 0fTn￿lee5 aThl aulholi8￿ fw wue o)....Z7..: * ><) - arwj w•re sbr*d on lis tehalf by.. Revfjr￿d D Hiklreil . Trusttre Pag8 9 continued... ## **Kidderminster East PCC** ## **Cash Flow Statement for the Year Ended 31st December 2025** |Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by/(used in) operating activities
**Cash flows from investing activities**
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**|**2025**
**£**
**130,345**
**130,345**
**6,788**
**2,306**
**9,094 **
**139,439**
**343,992**
**483,431**|2024
£
(51,258)
(51,258)
7,200
1,784
8,984
(42,274)
386,266
343,992| |---|---|---| The notes form part of these financial statements Page 10 ## **Kidderminster East PCC** ## **Notes to the Cash Flow Statement for the Year Ended 31st December 2025** ## **1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES** ||**ACTIVITIES**|||| |---|---|---|---|---| ||||**2025**|2024| ||||**£**|£| ||**Net income/(expenditure) for the reporting period**|||| ||**(as per the Statement of Financial Activities)**||**106,738**|(11,703)| ||**Adjustments for:**|||| ||Depreciation charges||**32,681**|36,395| ||Losses/(gain) on investments||**2,599**|(1,623)| ||Interest received||**(6,788)**|(7,200)| ||Dividends received||**(2,306)**|(1,784)| ||Decrease in stocks||**-**|100| ||Increase in debtors||**(2,034)**|(1,272)| ||Decrease in creditors||**(545)**|(64,171)| ||**Net cash provided by/(used in) operations**||**130,345**|(51,258)| |**2.**|**ANALYSIS OF CHANGES IN NET FUNDS**|||| |||At 1.1.25|Cash flow|**At 31.12.25**| |||£|£|**£**| ||**Net cash**|||| ||Cash at bank|**343,992 **|**139,439**|**483,431 **| |||**343,992 **|**139,439**|**483,431 **| ||**Total**|**343,992 **|**139,439**|**483,431 **| The notes form part of these financial statements Page 11 **Kidderminster East PCC** ## **Notes to the Financial Statements for the Year Ended 31st December 2025** ## **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. Income from grants and donations is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. Income from grants is only deferred when the charity has to fulfil conditions not yet met before becoming entitled to it or where the donor has specified that the income is to be expended in a future period. Gift Aid recoverable is recognised in line with the recognition of the relating donation income. Legacies are recognised when probate is granted and there is sufficient information to measure them. Where there is insufficient information to reliably measure any outstanding legacies, these are instead treated as contingent assets (and details of any such legacies will be disclosed in the notes to these financial statements). Income relating to services provided in the course of undertaking direct charitable activities represents the value of services provided to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Income from fundraising event services is recognised on the day that the relating event is undertaken. Income from donated goods held for resale at fundraising events are not recognised on receipt of those goods. Instead, the value to the charity of the donated goods sold is recognised as income when sold. Rental income, including short term hall hire, is measured on a straight line basis over the period of the lease. Investment distributions are recognised as income when they are declared. Interest income is recognised for all interest-bearing instruments on the effective interest rate basis. Gift Aid and other tax claims are included in the SOFA at the same time as the cash donations to which they relate. ## **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. ## **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. Page 12 continued... **Kidderminster East PCC** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2025** ## **1. ACCOUNTING POLICIES - continued** ## **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 - 20% on cost, 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. ## **FIXED ASSET INVESTMENTS** Investments held in the Central Board of Finance (‘CBF’) Church of England Investment Fund, an investment fund whose units are quoted on a recognised stock exchange, are measured at market value. ## **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. ## **AGENCY ACCOUNTING** The PCC collects wedding, funeral and other life services fees as agent of the Worcestershire Diocesan Board of Finance, ministers not in receipt of a stipend, vergers, organists, etc.Such fees are not included as revenue of the PCC. ## **OPERATING LEASE COMMITMENTS** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS** The PCC is a member of multi-employee defined benefit schemes. Because it is not possible to attribute the assets and liabilities held in these pension schemes to specific employers, contributions are accounted for as if these schemes were defined contribution schemes. ## **VOLUNTEERS** On the basis that it is considered impractical for a monetary value on the contribution of volunteer services to be measured reliably for accounting purposes and due to a lack of a market comparator price for general volunteers, no income relating to the contribution of general volunteers has been recognised. Page 13 continued... **Kidderminster East PCC** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2025** ## **1. ACCOUNTING POLICIES - continued** ## **FINANCIAL INSTRUMENTS** The charity has elected to apply the provisions of Section 11' Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. ## **CASH AND CASH EQUIVALENTS (INCLUDING SHORT-TERM DEPOSITS)** Cash at bank includes both cash held in current bank accounts and cash equivalents, including cash held in the Central Board of Finance (‘CBF’) Church of England Deposit Fund, being short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. ## **2. DONATIONS AND LEGACIES** |Donations
Gift aid
Legacies
Grants|**2025**
**£**
**244,051**
**42,314**
**116,649**
**25,366**
**428,380**|2024
£
210,213
33,192
-
66,834| |---|---|---| |||310,239| Grants received, included in the above, are as follows: |Big Local Trust
The Friends of St Cassian's Chaddesley Corbett
Listed Places of Worship - VAT recovery scheme
Stone Parish Council
Worcester Diocesan Board of Finance
Wyre Forest District Council
Sundry small (less than £1,000 each)
**3.**
**OTHER TRADING ACTIVITIES**
Fundraising events
Café and coffee shop
**4.**
**INVESTMENT INCOME**
Listed investment income
Bank interest|**2025**
**£**
**-**
**5,593**
**4,942**
**1,000**
**10,913**
**1,000**
**1,918**
**25,366**
**2025**
**£**
**15,204**
**18,607 **
**33,811**
**2025**
**£**
**2,306**
**6,788**
**9,094 **|2024
£
62,289
3,780
-
750
-
-
15|2024
£
62,289
3,780
-
750
-
-
15| |---|---|---|---| |||66,834|| |||2024
£
14,702
13,614|| |||28,316|| |||2024
£
1,784
7,200
8,984|| ||||8,984| Page 14 continued... **Kidderminster East PCC** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2025** ## **5. INCOME FROM CHARITABLE ACTIVITIES** |Church and church hall letting
Parish magazine
Wedding, baptism and other service fees
Big Local DY10 fees
Parent and toddler fees
Sundry income|**2025**
**£**
**35,080**
**10,049**
**17,860**
**-**
**827**
**266**
**64,082 **|2024
£
33,649
9,965
19,482
9,570
518
942| |---|---|---| |||74,126| ## **6. RAISING FUNDS** |Café and coffee shop expenses
Café rent
Fundraising event costs
**7.**
**CHARITABLE ACTIVITIES COSTS**
Charitable activities
**8.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Staff costs
Insurance
Electricity, gas and water
Telephone and internet
Postage and stationery
Choir training courses
Mission and charitable giving (see note 13)
Diocesan ministry share
Travel
Church repairs, cleaning and maintenance
Big Local DY10
Rent
Subscriptions
Social media
Upkeep of services
Youth work
Magazine costs
Education
Sundry
Verger, organist and other church service subcontractors
Professional fees
Depreciation|Direct
Costs (see
note 8)
£
**413,032 **|**2025**
**£**
**4,568**
**1,542**
**1,094 **
**7,204**
Support
costs (see
note 9)
£
**5,794 **
**2025**
**£**
**36,240**
**12,860**
**20,629**
**1,876**
**1,204**
**1,241**
**29,321**
**141,245**
**2,344**
**107,101**
**-**
**983**
**2,276**
**865**
**6,334**
**1,236**
**2,400**
**-**
**3,303**
**7,693**
**1,200**
**32,681**
**413,032 **|2024
£
3,783
1,520
-
5,303
Totals
£
**418,826**| |---|---|---|---| ||||2024
£
36,094
12,475
23,089
1,412
1,369
1,384
14,458
140,865
835
60,772
61,730
948
5,459
734
1,713
489
2,230
840
6,491
4,974
8,613
36,395
423,369| Page 15 continued... **Kidderminster East PCC** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2025** ## **9. SUPPORT COSTS** ||**2025**|2024| |---|---|---| ||**£**|£| |Bank charges|**574**|**477**| |Independent examination|**5,220**|**5,842**| ||**5,794 **|**6,319**| ## **10. TRUSTEES' REMUNERATION AND BENEFITS** During the year a trustee (2024: 1 trustee) paid organist fees totalling £1,545 (2024: £1,1150). This is permitted by the PCC's governing document, the Parochial Church Councils (Powers) Measure 1956. In addition the charity collected as agent of trustees verger and organist fees in regard to funeral activities for 4 (2024: 2) trustees totalling £1,634 (2024: £1,502). During the year no monies (2024: £8,613) was paid to a trustee in their capacity of administering the Big Local DY10 project. ## **TRUSTEES' EXPENSES** During the year 10 (2024: 9) trustees were reimbursed general church running expenses totalling £4,829 (2024: £8,285). ## **11. STAFF COSTS** |Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Average number of employees|**2025**
**£**
**34,913**
**1,327**
**36,240**
**2025**
**5**|2024
£
34,825
1,269| |---|---|---| |||36,094| |||2024
5| No employees received emoluments in excess of £60,000. Page 16 continued... ## **Kidderminster East PCC** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2025** ## **12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |St
Cassian's
DCC
General
Fund -
Unrestricted
discontinuing
funds
operations
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
195,026
31,203
Charitable activities
57,044
17,062
Other trading activities
16,990
7,962
Investment income
5,997
808
**Total**
275,057
57,035
**EXPENDITURE ON**
Raising funds
5,303
-
Charitable activities
305,851
48,120
**Total**
311,154
48,120
Net gains on investments
259
-
**NET INCOME /**
**(EXPENDITURE)**
(35,838)
8,915
**Transfers between funds**
33,507
-
**Net movement in funds**
(2,331)
8,915
**RECONCILIATION OF FUNDS**
Total funds brought forward
513,436
33,950
**TOTAL FUNDS CARRIED**
**FORWARD**
511,105
42,865
**13.**
**MISSION AND CHARITABLE GIVING**
Grants to institutions
Grants to individuals|Restricted
funds -
Restricted
discontinuing
funds
operations
£
£
84,010
-
20
-
3,364
-
853
1,326
88,247
1,326
-
-
72,993
2,724
72,993
2,724
270
1,094
15,524
(304)
(33,507)
-
(17,983)
(304)
57,903
63,710
39,920
63,406
2025
£
19,176
10,145
29,321|Total
funds
£
310,239
74,126
28,316
8,984
421,665
5,303
429,688
434,991
1,623
(11,703)
-
(11,703)
668,999
657,296
2024
£
11,968
2,490
14,458| |---|---|---| No single institution received grants totalling more than £2,000 for the year. Page 17 continued... **Kidderminster East PCC** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2025** ## **14. TANGIBLE FIXED ASSETS** |**COST**
At 1st January 2025
Disposals
At 31st December 2025
**DEPRECIATION**
At 1st January 2025
Charge for year
Eliminated on disposal
At 31st December 2025
**NET BOOK VALUE**
At 31st December 2025
At 31st December 2024
**15.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1st January 2025
Revaluations
At 31st December 2025
**NET BOOK VALUE**
At 31st December 2025
At 31st December 2024
**16.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Gift Aid recoverable
Accrued income
Prepayments|Freehold
property
£
**195,450**
**-**
**195,450**
**64,467**
**3,909**
**-**
**68,376**
**127,074**
130,983||Fixtures
and
fittings
Totals
£
£
**298,440**
**493,890**
**(41,982)**
**(41,982)**
**256,458**
**451,908**
**183,224**
**247,691**
**28,772**
**32,681**
**(41,982)**
**(41,982)**
**170,014**
**238,390**
**86,444**
**213,518**
115,216
246,199
Listed
investments
£
**65,677**
**(2,599) **
**63,078**
**63,078**
65,677
**2025**
2024
**£**
£
**-**
847
**8,830**
11,527
**6,110**
929
**1,594 **
1,197
**16,534**
14,500| |---|---|---|---| ||||| ||||| ||||| ||||| ||||| ||||| Page 18 continued... **Kidderminster East PCC** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2025** ## **17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |---|---|---| |Trade creditors
Social security and other taxes
Pensions
Funds held as agent
Deferred income
Accrued expenses|**2025**
**£**
**934**
**124**
**198**
**1,200**
**1,044**
**9,027**
**12,527**|2024
£
1,365
154
244
1,200
1,939
8,170| |||13,072| Deferred income includes deposits of £1,044 (2024: £1,939) for events which have not yet taken place. Funds held as agent of £1,200 (2024: £1,500) relates to monies held by St Cecilia's DCC on behalf of Young at Heart group. ## **18. MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**||||| |---|---|---|---|---| |**Unrestricted funds**
General fund
St Chad's Café Fund
St George's - J Clarke legacy fund
Parish Office - Leswell Street Fund
St Cassian's DCC General Fund -
discontinuing operations
**Restricted funds**
St Cassian's Chancel 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 William Sebright Fund
St Cecilia's Car Park Fund
St Cecilia's Family Activity Afternoon Fund
St Chad's Repair Fund
St Chad's Community Support Fund
St George's DCC - Church Maintenance
Fund
St George's DCC - Knit and Knatter Fund
St George's DCC - Macfarlane Fund
St George's DCC - Trees Fund
St George's J Smith legacy fund
St Mary's DCC - Bell / Tower Repairs Fund
St Mary's DCC - Corner Cafe Fund
Parish Office - Mary Wilcox Fund
Parish Office - New bibles fund
Parish Office - Youth Work
**TOTAL FUNDS**|At 1.1.25
£
**438,997**
**8,318**
**-**
**63,790**
**42,865**
**553,970**
**693**
**7,497**
**1,005**
**30,775**
**996**
**2,628**
**19,812**
**1,039**
**500**
**-**
**8,504**
**1,875**
**334**
**13,285**
**733**
**-**
**3,248**
**400**
**10,002**
**-**
**-**
**103,326**
**657,296**|Net
movement
in funds
£
**(5,430)**
**(955)**
**93,340**
**2,762**
**3,998**
**93,715**
**(955)**
**(1,328)**
**2,022**
**(948)**
**(51)**
**(23)**
**(1,521)**
**3,625**
**(193)**
**(14,351)**
**(404)**
**(41)**
**(334)**
**(136)**
**(250)**
**24,272**
**-**
**-**
**422**
**2,692**
**525**
**13,023**
**106,738**|Transfers
between
funds
£
**(15,693)**
**(994)**
**-**
**7,000**
**(657)**
**(10,344)**
**262**
**-**
**395**
**-**
**-**
**-**
**-**
**(4,664)**
**-**
**14,351**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**10,344**
**-**|At
31.12.25
£
**417,874**
**6,369**
**93,340**
**73,552**
**46,206**| |||||**637,341**
**-**
**6,169**
**3,422**
**29,827**
**945**
**2,605**
**18,291**
**-**
**307**
**-**
**8,100**
**1,834**
**-**
**13,149**
**483**
**24,272**
**3,248**
**400**
**10,424**
**2,692**
**525**| |||||**126,693**| |||||**764,034 **| Page 19 continued... ## **Kidderminster East PCC** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2025** ## **18. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
St Chad's Café Fund
St George's - J Clarke legacy fund
Parish Office - Leswell Street Fund
St Cassian's DCC General Fund -
discontinuing operations
**Restricted funds**
St Cassian's Chancel 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 William Sebright Fund
St Cecilia's Car Park Fund
St Cecilia's Family Activity Afternoon Fund
St Chad's Repair Fund
St Chad's Community Support Fund
St George's DCC - Church Maintenance
Fund
St George's DCC - Knit and Knatter Fund
St George's DCC - Macfarlane Fund
St George's DCC - Trees Fund
St George's Net Zero fund
St George's ColecTin fund
St George's J Smith legacy fund
St Mary's DCC - Churchyard Fund
Parish Office - Mary Wilcox Fund
Parish Office - New bibles fund
Parish Office - Youth Work
**TOTAL FUNDS**|Incoming
resources
£
**284,776**
**12,535**
**93,340**
**2,906**
**51,662 **
**445,219**
**-**
**188**
**9,298**
**1,188**
**21**
**50**
**507**
**3,626**
**50**
**26,330**
**8,975**
**2**
**-**
**366**
**1**
**7,992**
**360**
**24,272**
**2,500**
**422**
**3,000**
**1,000**
**90,148**
**535,367 **|Resources
expended
£
**(290,206)**
**(13,490)**
**-**
**-**
**(47,664)**
**(351,360)**
**(955)**
**(1,241)**
**(7,276)**
**(1,291)**
**(40)**
**-**
**(1,300)**
**(1)**
**(243)**
**(40,681)**
**(9,379)**
**(43)**
**(334)**
**-**
**(251)**
**(7,992)**
**(360)**
**-**
**(2,500)**
**-**
**(308)**
**(475) **
**(74,670)**
**(426,030) **|Gains and
Movement
losses
in funds
£
£
**-**
**(5,430)**
**-**
**(955)**
**-**
**93,340**
**(144)**
**2,762**
**-**
**3,998**
**(144)**
**93,715**
**-**
**(955)**
**(275)**
**(1,328)**
**-**
**2,022**
**(845)**
**(948)**
**(32)**
**(51)**
**(73)**
**(23)**
**(728)**
**(1,521)**
**-**
**3,625**
**-**
**(193)**
**-**
**(14,351)**
**-**
**(404)**
**-**
**(41)**
**-**
**(334)**
**(502)**
**(136)**
**-**
**(250)**
**-**
**-**
**-**
**-**
**-**
**24,272**
**-**
**-**
**-**
**422**
**-**
**2,692**
**-**
**525**
**(2,455)**
**13,023**
**(2,599) **
**106,738**| |---|---|---|---| Page 20 continued... ## **Kidderminster East PCC** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2025** ## **18. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund
St Chad's Café Fund
Parish Office - Leswell Street Fund
St Cassian's DCC General Fund -
discontinuing operations
**Restricted funds**
St Cassian's Chancel 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 William Sebright Fund
St Cecilia's Car Park Fund
St Cecilia's Community Fund
St Cecilia's Family Activity Afternoon Fund
St Chad's Community Support Fund
St George's DCC - Church Maintenance
Fund
St George's DCC - General Purchase Fund
St George's DCC - Macfarlane Fund
St George's DCC - Roof Access Fund
St George's DCC - Trees Fund
Heating Fund
St Mary's DCC - Bell / Tower Repairs Fund
St Mary's DCC - Corner Cafe Fund
Parish Office - Mary Wilcox Fund
**TOTAL FUNDS**|At 1.1.24
£
446,717
7,649
59,070
33,950
547,386
693
8,540
1,005
30,029
956
2,537
19,950
-
120
-
6,821
-
194
13,043
19,000
3,883
835
3,248
400
10,359
121,613
668,999|Net
movement
in funds
£
(40,227)
669
3,720
8,915
(26,923)
-
(1,043)
-
746
40
91
(138)
1,039
(120)
500
1,683
1,875
193
242
14,454
(3,150)
(835)
-
-
(357)
15,220
(11,703)|Transfers
between
funds
£
32,507
-
1,000
-
33,507
-
-
-
-
-
-
-
-
-
-
-
-
(53)
-
(33,454)
-
-
-
-
-
(33,507)
-|At
31.12.24
£
438,997
8,318
63,790
42,865| |---|---|---|---|---| |||||553,970
693
7,497
1,005
30,775
996
2,628
19,812
1,039
-
500
8,504
1,875
334
13,285
-
733
-
3,248
400
10,002| |||||103,326| |||||657,296| Page 21 continued... ## **Kidderminster East PCC** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2025** ## **18. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
St Chad's Café Fund
Parish Office - Leswell Street Fund
St Cassian's DCC General Fund -
discontinuing operations
**Restricted funds**
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 William Sebright Fund
St Cecilia's Car Park Fund
St Cecilia's Community Fund
St Cecilia's Family Activity Afternoon Fund
St Chad's Repair Fund
St Chad's Community Support Fund
St George's DCC - Big Local DY10
St George's DCC - Church Maintenance
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 George's DCC - Trees Fund
Heating Fund
St Mary's DCC - Churchyard Fund
Parish Office - Mary Wilcox Fund
**TOTAL FUNDS**|Incoming
resources
£
260,032
11,564
3,461
57,035
332,092
187
573
22
50
494
1,039
-
500
100
2,483
62,289
3,019
899
324
380
14,471
-
1,500
750
493
89,573
421,665|Resources
expended
£
(300,259)
(10,895)
-
(48,120)
(359,274)
(1,384)
(300)
-
-
(1,040)
-
(120)
-
(100)
(800)
(62,289)
(1,144)
(706)
(324)
(408)
(17)
(3,150)
(2,335)
(750)
(850)
(75,717)
(434,991)|Gains and
Movement
losses
in funds
£
£
-
(40,227)
-
669
259
3,720
-
8,915
259
(26,923)
154
(1,043)
473
746
18
40
41
91
408
(138)
-
1,039
-
(120)
-
500
-
-
-
1,683
-
-
-
1,875
-
193
-
-
270
242
-
14,454
-
(3,150)
-
(835)
-
-
-
(357)
1,364
15,220
1,623
(11,703)| |---|---|---|---| ## **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 George's DCC J Smith Legacy Fund** This fund relates to a legacy received. ## **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 Cassian's DCC General Fund - discontinuing operations** This represents the unrestricted general fund of St Cassian's DCC, which is expected to leave the Parochial Church Council of Kidderminster East in 2026. Page 22 continued... **Kidderminster East PCC** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2025** ## **18. MOVEMENT IN FUNDS - continued** ## **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 - 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 - 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 Car Park Fund** This fund is restricted for the purpose of resurfacing the car park in 2024, including raising funds to help fund repayments of a loan from the Parhish Office to St Cecilia's. ## **St Cecilia's Community Fund** This fund is restricted for the purpose of spending on a Community Fund, to include providing a Warm Space by way of a weekly breakfast morning in the Church Hall. ## **St Cecilia's Family Activity Afternoon Fund** This fund is restricted for the purpose of hosting Family Activity Afternoons. ## **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 Trust, 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 - Church Maintenance Funds** These funds are restricted for the purpose sof paying for maintenance work undertaken on the Church. ## **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. Page 23 continued... **Kidderminster East PCC** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2025** ## **18. MOVEMENT IN FUNDS - continued** ## **St George’s DCC - Roof Access Fund** This fund is restricted for the purpose of covering the costs associated with the roof access project. ## **St George's DCC - Trees Fund** This fund is restricted for the purpose of unsafe trees and branches in the churchyard. ## **Heating Fund** 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 - Mary Wilcox Fund** This fund is restricted for the purpose of providing support to the elderly in outlying areas. ## **Parish Office - New Bibles** This fund is restricted for the purpose of purchasing new bibles. ## **Parish Office - Youth Work** This fund is restricted for the purpose of funding youth work activities. ## **TRANSFERS BETWEEN FUNDS** During the year St Cecilia's repaid £7,000 to the Parish Office - Leswell Street Fund in relation to an inter-fund loan provided to finance car park improvement work undertaken in 2024. St Cecilia's partly funded £4,664 of the repayment out of specific fund raising activities undertaken to help repay this loan, with the remaining £2,336 being transferred out of unrestricted funds. At the year end St Cecilia's owed the Parish Office - Leswell Street Fund a total of £11,000 (2024: £18,000). During the year a total of £15,285 was transferred from general unrestricted funds (including £934 transferred out of St Cassian's general unrestricted funds) to restricted funds to cover qualifying expenditure incurred in excess of available restricted funds. During the year a total of £994 was transferred from St Chad's Café Fund to general unrestricted funds in regards to bank transfers between the St Chad's main and designated bank accounts during the year. Page 24 continued... **Kidderminster East PCC** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2025** ## **19. 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; a . a deferred annuity section known as Pension Builder Classic; and 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. Because it is not possible to attribute the Pension Builder Scheme's assets and liabilities to specific employers, this means that contributions are accounted for as if the Scheme were a defined contribution scheme. 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 2022. For the Pension Builder Classic section, the valuation revealed a surplus of £34.8m on the ongoing assumptions used. At the most recent annual review effective 1 January 2025, the Board chose to grant a discretionary bonus of 6.7% to both pensions not yet in payment and pensions in payment in respect of service prior to April 1997; and a bonus on pensions in payment in respect of post April 2006 service so that the pension increase was 2.7% (where usually it would be calculated based on inflation up to 2.5%). This followed improvements in the funding position over 2024. There is no requirement for deficit payments at the current time. The next valuation is due as at 31 December 2025. For the Pension Builder 2014 section, the valuation revealed a surplus of £8.5m 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. ## **20. RELATED PARTY DISCLOSURES** During the year the parish office managed the operations and finances of The Emily Jane Brooks Trust (charity no. 235782), a charity which shares common trustees of Kidderminster East. No income is received for the provision of this service by the parish office. ## **21. FUNDS RECEIVED AS AGENT** During the year the PCC invoiced £8,816 (2024: £8,734) wedding, funeral and other life services fees as agent of the Worcestershire Diocesan Board of Finance, ministers not in receipt of a stipend, vergers, organists, etc. At the year end the PCC had closing trade creditors of £934 (2024: £1,365) in regard to fees invoiced as agent but not yet paid over. A further £2,270 (2024: £3,225) was collected and paid out as agent of the choir and bell ringers of St Cassian's. During the year the PCC received £500 and paid out £500 as agent of Young at Heart group. At the year end the PCC owed Young at Heart group £1,200 (2024: £1,200). Page 25 ## **Kidderminster East PCC** ## **Detailed Statement of Financial Activities for the Year Ended 31st December 2025** |Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**202,021**
**42,030**
Gift aid
**41,814**
**500**
Legacies
**92,649**
**24,000**
Grants
**7,620**
**17,746**
**344,104**
**84,276**
**Other trading activities**
Fundraising events
**11,753**
**3,451**
Café and coffee shop
**18,607 **
**-**
**30,360**
**3,451**
**Investment income**
Listed investment income
**582**
**1,724**
Bank interest
**6,091 **
**697 **
**6,673**
**2,421**
**Charitable activities**
Church and church hall letting
**35,080**
**-**
Parish magazine
**10,049**
**-**
Wedding, baptism and other service fees
**17,860**
**-**
Big Local DY10 fees
**-**
**-**
Parent and toddler fees
**827**
**-**
Sundry income
**266**
**-**
**64,082 **
**-**
**Total incoming resources**
**445,219**
**90,148**|2025
Total
funds
£
**244,051**
**42,314**
**116,649**
**25,366**
**428,380**
**15,204**
**18,607 **
**33,811**
**2,306**
**6,788**
**9,094**
**35,080**
**10,049**
**17,860**
**-**
**827**
**266**
**64,082 **
**535,367**|2024
Total
funds
£
210,213
33,192
-
66,834| |---|---|---| |||310,239
14,702
13,614| |||28,316
1,784
7,200| |||8,984
33,649
9,965
19,482
9,570
518
942| |||74,126| |||421,665| This page does not form part of the statutory financial statements Page 26 ## **Kidderminster East PCC** ## **Detailed Statement of Financial Activities for the Year Ended 31st December 2025** |Unrestricted
Restricted
funds
funds
£
£
**EXPENDITURE**
**Other trading activities**
Café and coffee shop expenses
**4,568**
**-**
Café rent
**1,542**
**-**
Fundraising event costs
**1,094 **
**-**
**7,204**
**-**
**Charitable activities**
Cleaner and gardener wages
**34,913**
**-**
Pensions
**1,327**
**-**
Insurance
**12,860**
**-**
Electricity, gas and water
**20,629**
**-**
Telephone and internet
**1,876**
**-**
Postage and stationery
**1,204**
**-**
Choir training courses
**-**
**1,241**
Mission and charitable giving
**19,471**
**9,850**
Diocesan ministry share
**141,245**
**-**
Travel
**2,344**
**-**
Church repairs, cleaning and maintenance
**45,727**
**61,374**
Big Local DY10
**-**
**-**
Rent
**983**
**-**
Subscriptions
**2,276**
**-**
Social media
**865**
**-**
Upkeep of services
**5,786**
**548**
Youth work
**518**
**718**
Magazine costs
**2,400**
**-**
Education
**-**
**-**
Sundry
**2,435**
**868**
Verger, organist and other church service
subcontractors
**7,693**
**-**
Professional fees
**1,200**
**-**
Depreciation
**32,681 **
**-**
**338,433**
**74,599**
**Support costs**
**Finance**
Bank charges
**503**
**71**
**Governance costs**
Independent examination
**5,220**
**-**
Total resources expended
**351,360**
**74,670**
**Net (expenditure)/income**
**93,859**
**15,478**|2025
Total
funds
£
**4,568**
**1,542**
**1,094 **
**7,204**
**34,913**
**1,327**
**12,860**
**20,629**
**1,876**
**1,204**
**1,241**
**29,321**
**141,245**
**2,344**
**107,101**
**-**
**983**
**2,276**
**865**
**6,334**
**1,236**
**2,400**
**-**
**3,303**
**7,693**
**1,200**
**32,681 **
**413,032**
**574**
**5,220**
**426,030**
**109,337 **|2024
Total
funds
£
3,783
1,520
-
5,303
34,825
1,269
12,475
23,089
1,412
1,369
1,384
14,458
140,865
835
60,772
61,730
948
5,459
734
1,713
489
2,230
840
6,491
4,974
8,613
36,395
423,369
477
5,842
434,991
(13,326)| |---|---|---| This page does not form part of the statutory financial statements Page 27