THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOLIHULL (Charity number 1131647) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
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The Parochial Church Council of the Ecclesiastical Parish of Solihull
Annual Report 2024 (continued) Trustees and Management Committee The m rs of the PCC (who are trustees for the purposes of Charity Law) who served during the year until the date this report was approved were:
~~St Alphege St Helen's St Michael's~~
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PCC
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Rev Nick Parker Rev S Chandler Rev S Marshall
Mrs S Maguire
Parish Churchwardens
Mrs P Price Mr A Williams
Deputy Churchwardens Mrs SGomm Mr C Carrington Mr K Wilson Mrs S Sayers
Deanery Synod Mrs D Moll Mrs J Norman Mr K Wilson Representatives Mrs R Linstead
Church Centre Mrs J Ladbrooke Mrs P Gates Ms A Clomey Representatives Mr T Drakeford Mr L Prescot Mr N Evans Mrs J Norman Lay members of Mrs D Moll Diocesan Synod Co-options Readers Mrs L Hicks Elected Lay Reps (max 5)
Mrs V Dobson Rev S Chandler Mr M Finch
Mrs C Southworth Mrs E Diskin MrsJ Hanson MrJ Singh Mr A Halstead
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The Parochial Church Council of the Ecclesiastical Parish of Solihull
Annual Report 2024 (continued) S ment of responsibilities of the members of the PCC (the trustees) Th — ustees of the PCC are responsible for preparing the Trustees Report and the financial st ents in accordance with applicable law and United Kingdom Accounting Standards (United Ki m Generally Accepted Accounting Practice). Th applicable to charities in England and Wales requires the trustees of the PCC to prepare fin al statements for each financial year which give a true and fair view of the state of affairs of th rity and of the incoming resources and application of resources of the Charity for that period. In aring the financial statements the trustees of the PCC are required to: select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities Statement of Recommended Practice 2019 (FRS 102);
make judgments and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on a going concern basis unless it is inappropriate to assume that the Charity will continue in operation. Th stees of the PCC are responsible for keeping proper accounting records that disclose with re able accuracy at any time the financial position of the Charity and enable them to ensure that th ancial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Re — tions 2008 and the provisions of the governing document. They are also responsible for sa arding the assets of the Charity and hence for taking reasonable steps for the prevention and de _ onof fraud and other irregularities.
Appointment of Trustees mbers of the PCC, the trustees, are ex officio, or elected by the Annual Parochial Church Meeting e APCM’) in accordance with the Church Representation Rules.
Committees The PCC operates through a number of committees which meet between full meetings of the Council. These include the Parish Standing Committee, which is the only Committee required by law. It has the power to transact the business of the PCC between its meetings subject to any directions given by the PCC. Other committees include the Employment and Safeguarding Group; the Finance Group; the Buildings and Plant Group; and the Communications Group; and the District Church Councils (DCCs) of St Alphege, St Helen's and St Michael's to which the PCC has delegated many of its functions.
Risk Management The major risks to which the PCC are exposed, including financial risk, reputational risk, statutory risk and legal requirements and operational risk, have been identified by PCC, are regularly reviewed, and systems and procedures have been established to manage those risks. Similar risk assessments and management of risks are regularly reviewed by DCCs and other fund holding committees. Achievements and Performance Church Attendance As of the Annual Parochial Church Meeting held on 28 April 2025, there were 303 (2024:478) names on the electoral roll comprising:
e St Alphege’s Section: 196 (2024:332) e St Helen’s Section: 58 (2924:73) e St Michael’s Section: 49 (2024:73)
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The Parochial Church Council of the Ecclesiastical Parish of Solihull
Annual Report 2024 (continued) Review of the year ending 31st December 2024
Throughout 2024 our three church centres, the Junction (meeting in Oliver Bird Hall), and our Pioneer Minister (working in community spaces), have continued to serve the people of Solihull with enthusiasm and joy. Our clergy, lay ministers and volunteers have worked hard to maintain, and indeed build upon, our programme of services and activities with good result in terms of attendance and participation at special services, as well as building reputation. The PCC Committees cover all aspects of parish work and have continued to be effective in taking forward our policies and strategies, in particular those for Discipleship and Nurture, Employment and Safeguarding, Social Justice and Environment, Communications, Preschool, and Finance (the committee responsible for ensuring compliance, due diligence and financial strategy). Project Turnaround has progressed with the new St. Alphege lighting scheme commissioned in September. PCC has approved spending towards detailed plans and costings sufficient to seek faculty approval and planning permission for the further phases of work planned for St. Alphege Church and grounds. The next immediate step is to carry out archaeological investigation to ascertain the feasibility of underfloor heating and construction of a narthex outside the west end of the church (which would serve as a welcoming/connecting space as well as providing toilets). The project aim remains to maximise the community benefit of our two main physical assets: St Alphege Church and the Oliver Bird Hall (OBH). The church works could commence as soon as summer 2026 with the OBH works following sometime after.
Financial Report of the Parochial Church Council for 2024
In 2024, expenditure exceeded income by £195,428. The figure for 2023 was £9,403 and the variation between the two years can be analysed as follows:
£,000 £,000
Reduction in grants received -35 Reduction in legacies -18 Increase in fees 17 Increase in giving 13 Other income 19 Total reduction in income -4
Increase in major repairs 143 Increase in Common Fund 20 Increase in church maintenance 25 Other -6 Total increase in expenditure 182 Net Increase in expenditure ~~186~~
This was financed largely from the sale of investment assets which raised £145,219. -4-
The Parochial Church Council of the Ecclesiastical Parish of Solihull
Investment Policy The PCC holds the vast majority of its investments with the CCLA and considers that its investment policy in all material respects meets the Charity Commission’s recommendations. The PCC’s general policy is, whenever possible, to invest in collective investment funds with an acceptable social, environmental and ethical policy, producing a regular income together with an element of capital growth. Other investments with similar characteristics may be considered.
Reserves Policy The general reserves of the PCC are, in the main, represented by equity investments, property, including a house for our pioneer minister and the parish hall (Oliver Bird Hall), and cash balances. The 'free reserves’ (excluding designated funds) are represented by net current assets, which at the end of the year amounted to £532,576 which equates to the sum required at current rates of spend to meet about six months of on-going costs. This is higher than the Charity Commission’s recommended cover of three to four months but the PCC considers this level to be prudent and reasonable given the Parish’s on-going history of deficits, the imminent development of St Alphege church, the probable need for further repairs to the parish hall, the impact of the recent surge in inflation on all costs, and a desire to limit the frequency with which we draw down from the reserves.
Auditors Prime Accountants and Business Advisors Limited have expressed their willingness to continue in office and were re-appointment at the Annual Parish Church Meeting.
Revd R.N. Parker (Chairman)
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The Parochial Church Council of the Ecclesiastical Parish of Solihull
Year ended 31st December 2024
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SOLIHULL (continued)
We assessed the susceptibility of the PCC's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
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making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
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considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we:
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performed analytical procedures to identify any unusual or unexpected relationships;
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assessed whether judgements and assumptions made in determining accounting estimates were indicative of potential bias; and
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investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
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agreeing financial statement disclosures to underlying supporting documentation;
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reading the minutes of meetings of those charged with governance
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enquiring of management as to actual and potential litigation and claims; and
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reviewing correspondence with HMRC and other relevant parties. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www. frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors
Use of our report
This report is made solely to the PCC , as a body,in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the PCC's trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the PCC and the charity's trustees as a body, or for the opinions we have formed.
Kitson BA FCA
Prime
Chartered Accountants Statutory Auditor Corner Oak Road Solihull B91 3QG Date: oo. eeeeeeeeeeeee
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