# **Annual Report and Financial Statements of the Parochial Church Council of The Parish of St Jude’s** **For the year ended 31[st] December 2020 Registered Charity Number 1132485** _Page 1_ # **The Parochial Church Council of St Jude’s** # **Trustees’ Annual Report for the year ended 31[st] December 2020** **Charity registration number 1132485** ## **Objectives and Activities** The Parochial Church Council of Wolverhampton St Jude’s (the PCC) has the responsibility of co-operating with the incumbent, the Reverend Philip Robertson, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelical, social and ecumenical. The PCC is also spiritually responsible for the maintenance of the church The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at Wolverhampton St Jude’s. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer, scripture, music and sacrament. Also, through non sacramental activities of hospitality and fellowship we aim to reach non churched members of the community. ## **Public Benefit** The trustees of the Charity are aware of the Charity Commission’s guidance on public benefit in The Advancement of Religion for the Public Benefit and have had regard to it in their administration of the Charity. The trustees believe that, by promoting the work of the Church of England in the Ecclesiastical Parish of Wolverhampton St Jude’s, it helps to promote the whole mission of the Church (pastoral, evangelistic, social and ecumenical) more effectively, within the Ecclesiastical Parish, and that in doing so it provides a benefit to the public by: • Providing facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers; and • Promoting Christian values and service by members of the Church in and to their communities, to the benefit of individuals and society as a whole. ## **Achievements and Performance** ## **2020 - An unprecedented year** Government restrictions, imposed across England at the end of March because of the coronavirus pandemic, resulted in our building being shut for 20 weeks of the year. To reopen it after the first lockdown ended we had to put in place measures to reduce the risk of infection spread and restrict the types of activity that could take place. Special church services, visits by schools, Carers & Toddlers, Cuppa & Cake, Guides, social activities, many regular lettings, and social lettings have yet to resume. Our contact with the local community has been greatly reduced. We are not going out into Care homes or visiting schools. This report is very different to those of previous years. It will simply mention things we have been able to do. ## **PCC Activity During 2020** Due to coronavirus pandemic restrictions the PCC has not physically met since 2[nd] March 2020. Essential business has been carried out by email. The 2020 APCM was delayed by 6 months. ## **Staff** We have: 1 Vicar - Rev Philip Robertson. 1 minister with permission to officiate – Rev Ivor Saunders (socially isolating for most of the time since March). 1 Reader – John Welsby. 1 Authorised Lay Minister – Amita Sudra. The PCC has placed our three paid staff - secretary, cleaner, and verger - on the UK government furlough scheme since early April 2020. _Page 2_ ## **Services** At the start of the year we brought an end to the 8.00am Sunday service due to zero attendance. We began a trial run of providing Holy Communion after the 10.30am Sunday service on Sundays when no Holy Communion was provided during that service. With the onset of coronavirus restrictions at the end of March, there began an extended period of not offering Holy Communion. We trialled a post service Communion, following Church of England guidance, on Sunday 20[th] December, but there has been none offered since because of the re-introduction of lockdown from 5[th] January 2021. With the arrival of the first lockdown the building closed and the vicar began issuing weekly prayer sheets by email, post and on social media. He set up the Virtual Vicar YouTube Channel offering biblical reflection on the season of Easter and then on coping with life with coronavirus. On the second Sunday in July, church services resumed and we began posting recordings of services on a new You Tube channel – St Jude’s Church Wolverhampton - to let people remaining in isolation participate in our worship. Teaching in Sunday morning services in the building and broadcast on our new YouTube Channel, has covered: Jesus’ ministry in Matthew’s gospel; the Epistle of James; The OT book of Malachi; a series on ‘Little Letters’ looking at 2 John, 3 John, Philemon, Jude, I Thessalonians and 2 Thessalonians; Unlocking the hope we need; and Seasonal Readings. With the onset of lockdown, our evening “Second Sunday at Six” was replaced by a weekly 6.00pm Zoom service led by Mark Harrington and Amy Majhu. It follows lectionary readings, and after a time of prayer, bible reflection and sung worship there is opportunity for chat. ## **Electoral Roll Membership and Service Statistics** The Electoral Roll remains at 105. The Average Sunday Attendance in 2019 was 90 adults and 16 under 16s. This year, with the building closed for 20 Sundays in the year, we have no comparable figure. There was 1 baptism, and 0 Service of Thanksgiving (1 baptism and 0 Services of Thanksgiving in 2019); 1 confirmation (1 in 2019); 0 wedding and 0 dedication after a civil ceremony (0 wedding and 0 dedications after a civil ceremony in 2019); 0 funerals in church and 6 at the crematorium (2 in church and 4 at the crematorium in 2019). ## **Children and Families Work** ## _J Team during 10.30am Sunday Services - Primary school aged children_ With the onset of lockdown J Team stopped meeting physically but Nicky Robertson Linda Majhu, and Dawn Peach set up a WhatsApp social media group to keep in touch with children and their families and provide short talks and craft and bible activities. J Team returned to meeting in the church hall, socially distanced etc, for the autumn term. Throughout Advent Nicky Robertson offered an Advent thought for the day. The group has continued meeting on WhatsApp during resumed lockdown after Christmas. ## _Schools work_ The vicar’s work with schools has been much reduced. St Jude’s School has not wished for any participation since the beginning in of the first lockdown, and St Andrews asking for occasional You Tube short talks/ short readings. No schools have been to visit church this year. ## **Pastoral Care** ## _Hello Neighbour!_ At the start of the first lockdown the vicar delivered cards to approximately two thirds of the parish offering help with shopping, a listening ear or someone to pray with. This generated quite a number of responses from people (non-church) in need of help. A small food bank was set up in the vicarage to help people in need of food – in the main they were those who had applied to the government’s help scheme but had yet to receive the food they needed. Need for this emergency help came to an end in the early summer. ## _Pastoral support_ Coronavirus restrictions brought an end to physical visiting. The church has been supported spiritually by the posting of service & prayer sheets, recorded services and provision of a Zoom service. A network of people phone one another, and there is support for the vulnerable in need of help with shopping. The Prayer Chain has remained in operation through the year. _Page 3_ ## **Support of other Christian Mission** We continue to set aside 10% of the previous year’s voluntary unrestricted income to give in support of Christian Mission. 90% is divided equally between our nine Mission Partners (the regular review of who we support is next due in March 2022). We currently support: Wolverhampton Well, Wolverhampton Pioneer Ministries, Pulse Ministries, Little Brothers of the Good Shepherd, PCF Romania Project, Tearfund, The Leprosy Mission, Barnabas Fund, and Hope From Above. The last 10% of our allocation to mission giving forms a reserve fund from which grants may be awarded to short term mission projects. It also funds the purchase of the Bibles we give to all St Jude’s school year 6 leavers. The prayer diary in our weekly Sunday News & Prayer keeps the congregation informed on what to pray for our Mission Partners. The church continues its membership in The Evangelical Alliance. ## **Fabric report** The PCC manages the day-to-day maintenance of church property. Maintenance this year has included: - i. Ongoing boiler maintenance and dealing with regular church boiler firing up problems. - ii. Leak fixed in the male toilets and new tap provided in the disabled access toilet. - iii. We received a payment of £3,280 from our insurance company following last year’s church boiler repairs. - The PCC’s priorities for major repairs (identified in the architect’s 2016 quinquennial report) and alterations are: - i. replace the electrics and lighting within Victorian parts of the building - (Competitive quotes have been received – for £101,000 to £118,000 which you will see from ‘Church finances’ is in line with previous estimates - and we are ready to proceed with work as soon as a faculty is received. Currently the DAC – Church of England equivalent of Planning Authority – is being rather slow.) - ii. form appropriate disabled access to the front entrance of the church; and, - iii. complete masonry and lead work repairs to the spire and tower. At the start of the year we approached our architect for advice on the many damp patches in walls around the building. Lockdown prevented progress. We hope to resume investigations in 2021. ## **Financial Review** Net total assets - £182,768.68 (2019 £183,770). Deficit – (£1,499.62) 2019 was a deficit of (£8,454) – Unrestricted Excess – £1,694.48 2019 was a deficit of (£34,751). St Judes total income has increased from £105,237 in 2019 to £110,296.70 in 2020 – apart from the Investments section most of the codes have reduced eg. Loose plate collections reduced from £4,662 in 2019 to £2,646. The main increase in income is Nonrecurring grants which is the Furlough income received from the Government. This has definitely helped St Jude’s in 2020. Along with this The Vicar and Churchwardens Trust were able to transfer £8,000 over to St Jude’s Church as part of the mandate. On top of this expenditure has decreased from £113,692 to £111,795. This mainly is due to code 2330 Day to Day maintenance decreasing from £19,981 in 2019 to £8,871 in 2020. ## _Parish Share_ The PCC paid its full parish share of £49,928 for the year (£48,710 in 2019). Because we have no arrears LDBF gave us £6,242 support grant. The PCC chose to give £2,080 of this to Bilston Parish, a parish in our Deanery struggling financially more than we are. The income is shown as grants received, and the assistance to Bilston is shown as giving to other charities in expenditure. ## _First phase of building repairs and alterations_ On 24[th] September 2017 the PCC launched an appeal to raise funds for the first phase of repairs and alterations to our church building. The financial targets were summarised in the vicar’s 20[th] September 2017 letter to the congregation: - _Initial estimates for this work come to just over £600,000. If the Listed Places of Worship Grant Scheme continues to operate we will be able to recover most of the VAT paid, leaving us with a net target of £520,300. This breaks down into: £115,500 for renewal of electrical services in the Victorian parts of the building; £112,500 for spire repairs; £188,300 for roof repairs; and £104,000 for alterations to provide disabled access at the main entrance._ We have had no success with grant applications. _Page 4_ ## _Planned Giving_ Joan Reynolds is the Planned Giving Secretary. Regular income from planned giving fluctuates. From analysis of trends in 2019 and 2020, income from planned giving in 2020 remained as the previous year. Loose plate collections dropped by 56% (in line with the reduced number of service and numbers attending when open). This year we spent £1,500 more than we had coming in (down from £8,455 over spend last year). The Incumbent and Churchwardens Trust held separately from the PCC of Wolverhampton St Jude’s – the Trust was set up to help with work of St Jude’s Church and decisions are made by the current Incumbent and Church Wardens. Only the income can be used which is the reason the capital is held within Trust Number – TN217. Total net assets: £434,461.97 – which includes 21 St Jude’s Road a house which is rented has a Fixed asset value of £190,000 The remainder are Stocks and share investments: 1200021110S - £122,510 – held in Trust with LDBF - TN217 120002015L - £49,898 – held in Trust with LDBF – TN217 120002029P - £49,029 – held in Trust with LDBF – TN217 Bank Current account holds £23,023 Excess: £6,247.62 The income is derived from rental income from 21 St Jude’s road and dividend income from the investments held in Trust TN217. Rental income in 2020 was £8,388 and management charges were £1,156.56. The Dividend income was £7,499. The Trust transferred £8,000 to St Jude’s to help with the general work of The PCC of St Jude’s. This was posted into St Jude’s accounts as a donation. ## **Reserves Policy** It is PCC policy to try to maintain a balance on free reserves (net current assets) which equates to at least three months unrestricted payments. This is equivalent to £24,540. It is held to smooth out fluctuations in cash flow and to meet emergencies. The PCC have a designated Reserve fund. The balance of this fund is £30,000. The balance of the free reserves at the year end was £42,637 which is higher than this target. The parish should be aware that the economic factors of the Covid-19 pandemic could have a detrimental effect on these reserves in the future. ## **Investment Policy** The charity is granted power to invest in suitable investments under the PCC Powers Measure 1956 and the Trustees Act 2000. As a charity, the Trustees have a duty of care to take such advice as is appropriate before investments are undertaken. This advice is sought from the Central Board of Finance (CCLA) in London. The charity’s investment policies are based on two key principles: - - Ethical Investment – this includes ensuring that investments are held in companies which have high standards of corporate governance and act in a responsible way towards stakeholders. - Long-term responsibilities – the trustees are aware of their long-term responsibilities in respect of the Restricted and Unrestricted reserves and as a result follow a prudent approach to investment decisions. Investment policy for long-term funds is aimed primarily at generating a sustainable income, with due regard to the need for the preservation of capital value, and the possible need to realise investments to meet operational needs. The charity does not have a policy of generating income at excessive or high risk – known as “purchasing income”, where high returns are guaranteed at the expense of capital. In summary, the charity has an overall policy to maximise income while preserving the real value of its funds. Due to the nature of the charity, an ethical investment policy is taken into consideration when investments are made: The charity follows the Ethical Investment Advisory policy as recommended by the Lichfield Diocese which includes the following: - “We aim to invest in companies that: - will develop their business in the interests of shareholders; - demonstrate responsible employment practices; - are conscientious concerning issues of corporate governance, the environment and human rights; - are sensitive to the community in which they operate.” _Page 5_ Planned giving, collections and donations are the main sources of fund raising along with tax recoverable. ## **Safeguarding** The PCC believe they have fulfilled their duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). ## **Reporting Serious Incidents** A Serious Incident is an adverse event, whether actual or alleged, which results in or risks significant harm to the charity’s beneficiaries, employees, office holders, volunteers or to others who come into contact with the charity through its work, loss of the charity’s money or assets, damage to the charity’s property or harm to the charity’s work or reputation. The trustees are not aware of any Serious Incidents in the last year ## **Fundraising** The PCC takes it fundraising responsibilities seriously and is very grateful to all donors – whether regular or occasional – for their support of the church and church events. PCC supporters are never taken for granted. The PCC take full responsibility for fundraising and do not use commercial organisations or professional fundraisers. All money raised is either by donations, fundraising events, special appeals or legacies for which the PCC are most grateful. ## **Volunteers** The members of the PCC would like to thank all the volunteers who work so hard to make our Church a lively and vibrant community. ## **Risk Management** The Church Wardens carry out regular Health and Safety Reviews and regularly inspect premises for potential hazards. We have safeguarding policies in place for child protection and for work with vulnerable adults, including rigorous DBS checking of staff and volunteers. Our insurances are reviewed annually to ensure adequate cover. An informal review of any new risks which may impact the work of the Church in the Parish is ongoing. The trustees have undertaken a review of risks to the charity and how they should be monitored and managed. Taking due consideration of the recommendations of Charity Commission paper CC26 we conclude that no specific new procedures are required. Our present procedures for financial budgeting, managing resources and accounting provide a framework of control which fulfils our obligations as a charity. ## **Structure, Governance and Management** The PCC is a Body Corporate established by the Church of England and is a Charity registered with the Charity Commission. The PCC is governed by the Parochial Church Council Powers Measure (1956) as amended that came into effect on 2[nd] January 1957, and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended). The method of appointment of the PCC members is set out in the Church Representation Rules. The Council comprises the Incumbent, the Churchwardens, a representative of the Readers, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting, by those on the Electoral Roll. The PCC members receive training from courses run by the Diocese. Members of the congregation are always urged to join the Electoral Roll, and to stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general concern and importance in the parish, and for all financial matters. The PCC met 2 times in 2020. ## **Related Parties** There are no related parties employed by the PCC or awarded contracts for work ## **Donations from Related Parties** Donations from related parties during the year totalled £18,428. All of these donations were received without conditions. ## **Remuneration paid to Trustees** None of the trustees have been paid any remuneration or received any other benefits from employment with the PCC _Page 6_ ## **Expenses paid to Trustees** One trustee [The Incumbent] was reimbursed £110.08 for travel and subsistence during the year. ## **Reference and Administrative Details** **Charity Name:** The Parochial Church Council of the Ecclesiastical Parish of Wolverhampton St Jude’s **Other names the charity is known by:** N/A **Registered Charity Number** : 1132485 **Charity’s principal address:** St Jude’s Road Wolverhampton WV6 0LB **Correspondence address:** 21A St Jude’s Road Wolverhampton WV6 0LB **Website address:** https://www.achurchnearyou.com/church/4644/ **PCC Members: Who Served from 1 January 2020 to the date this report was approved** |**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**period**| |---|---|---| |**Ex-Officio**||| |The Rev’d Philip Robertson|Chairman|| |Mr Simon Fenner|Deputy Chairman|| |Mr James Sturgeon|Churchwarden|| |Mr Pradip Sudra|Churchwarden|| |||| |**Elected Members**||| |Mrs Joan Reynolds|Planned giving secretary|| |Mr Mark Harrington||| |Mr Simon Hewitt||| |Mr Brian Titton||| |Liz Lawrance||| |Dawn Peach|Safeguarding Co-ordinator|| |Amita Sudra||| |Cynthia Ultete||| _Page 7_ **Bank** Lloyds Bank PLC Queen Square Wolverhampton WV1 1RF **Investment** CCLA **Managers** Senator House 85 Queen Victoria Street London EC4V 4ET **Independent** Jonathan Hill **Examiner** Lichfield Diocesan Board of Finance St Marys House, The Close, Lichfield. WS13 7LD Approved by the PCC on 18-05-2021 and signed on its behalf by: ………………………………. Revd Philip Robertson _Page 8_ ## **Independent Examiner’s report to the trustees/members of The PCC of The Parish of Wolverhampton St Jude’s** Registered charity number: 1132485 I report on the accounts for the year ended 31[st] December 2020 which are set out on the following pages. ## **Respective responsibilities of the Trustees and Independent Examiner** The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independen t examination is needed. It is my responsibility - to examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the General Directions given by the Charity Commission - (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. ## **Basis of Independent Examiner's Statement** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair” view and the report is limited to those matters set out in the statement below. ## **Independent Examiner's Statement** In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect: - accounting records were not kept in accordance with section 130 of the Charities Act or - the accounts do not accord with the with the accounting records I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: ………………………………………….. Date: ……12 July 2021…………………………… Jonathan Hill FCMA CGMA Lichfield Diocesan Board of Finance St Mary’s House, The Close, Lichfield WS13 7LD _Page 9_ ## **The Parish of Wolverhampton St Jude’s Notes to the Financial Statements** For the year ended 31[st] December 2020 ## **Accounting Policies** The Financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis. There may be minor discrepancies in the totals as the pence are not being shown. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. 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. ## **Cashflow Statement** The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a cashflow statement on the grounds that the income does not exceed £500,000. ## **Going Concern** There are no material uncertainties that relate to events or conditions that cast significant doubt on the charity’s ability to continue as a going concern. ## **Post year end event** The ongoing worldwide outbreak of the COVID-19 virus still represents a significant event since the end of the financial year. However, COVID-19 is considered to be a non-adjusting post year end event and therefore has not been taken into account in preparing these Financial Statements as at 31 December 2020. ## **Accounting Estimates and Prior Year Errors** No changes to accounting estimates have occurred in the reporting period. No material prior year errors have been identified in the reporting period ## **Description of Funds** **Unrestricted funds** are 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' annual report. An explanation of purpose of each Designated fund are as follows: - JobClub – Funds set aside for The Job Club group - J-Team – Funds set aside for work with pre-secondary school children - Maintain – Funds set aside for Building maintenance - Mission – Short term mission fund - Reserves – 3 months expenditure set aside as reserves **Restricted funds** comprise of two elements :- - a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest - b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis. An explanation of purpose of each Restricted fund are as follows: _Page 10_ - Build 1st – This is for the first phase of the building project - Decoration – For the decoration of the Vicarage held with Lichfield Diocese - Holiday club – Outreach work in summer holidays for which grants were received. This continues to remain in place for the ongoing work and further grants which may be received - Organ – The PCC received a legacy of £7,000 in 2012 that was to be used for updgrading of the Organ but not routine maintenance - Toddlers – This is outreach work using the facilities of St Jude’s and continues to be self funding - Youth Fund – This is for all work with secondary school aged young people. Including Sunday Youth, Friday Youth Club subs and equipment. **Endowment funds** 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. Full details of all their restrictions are shown in the notes to the accounts. An explanation of purpose of each Endowment fund are as follows: The Parish of Wolverhampton St Jude’s does not have any Endowment funds ## **Incoming Resources** Planned giving, collections and donations are recognised when received or when the PCC becomes entitled to the resource and the monetary value can be measured with sufficient reliability. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due and the monetary value can be measured with sufficient reliability. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross. ## **Resources Expended** Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross. ## **Governance and Support Costs** Support costs should be allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the PCC and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources eg by allocating staff costs by time spent and other costs by their usage. ## **Fixed Assets** Consecrated and benefice property is not included in the accounts by s.10(2)(a)&(C) of the Charities Act 2011. Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the Church’s inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets exceeds 50 years, so that any depreciation charges would be immaterial. Other tangible fixed assets are valued at cost. The depreciation rates and methods used are disclosed in note XX. ## **Investments** Investments in quoted shares, traded bonds and similar investments are valued initially at cost and subsequently at market value at the year end. Investments held for re-sale are treated as current asset investments. ## **Debtors** Debtors are measured on initial recognition at settlement amount. Subsequently they are measured as cash expected to be received ## **Creditors and Accruals** _Page 11_ Creditors are measured at settlement amounts less any trade discounts. Accruals are measured on best estimate of the amount required to settle the obligation at the reporting date. ## _**The Parish of Wolverhampton St Jude’s year ending 2020**_ ## **Statement of Receipts and Payments** ||**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**total funds**| |---|---| |**Income and endowments from:**
Donations and legacies
Income from charitable activities
Investments
Other income
**Total income**
**Expenditure on:**
Raising funds
Expenditure on charitable activities
Other expenditure
**Total expenditure**
**Net income / (expenditure) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains / losses on investment assets
Gains on revaluation, fixed assets, charity's own use
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**
**Represented by**
**Unrestricted**
General fund
**Designated**
Building Maintenance (D)
Faith & Art
Job Club
KINDER S PENSION CONTRIBUTION
Pre-Secondary School Children
Reserves 3 months expenditure
SHORT TERM MISSION FUND
**Restricted**
Agency collection
Building Project - 1st Phase
Carers and Toddlers|97,088
6,812
—
103,900
99,246
169
92
—
261
1,458
2,728
125
—
2,853
4,532
3,280
—
—
3,280
—| ||**103,266**
**7,029**
**—**
**110,296**
**105,237**
116
—
—
116
123
83,692
10,224
—
93,916
96,802
17,762
—
—
17,762
16,766| ||**101,571**
**10,224**
**—**
**111,795**
**113,692**| ||**1,694**
**(3,194)**
**—**
**(1,499)**
**(8,454)**
849
1,012
—
1,862
3,035
(1,862)
—
—
(1,862)
(3,035)
—
—
—
—
395
698
(200)
—
498
—| ||**1,380**
**(2,382)**
**—**
**(1,001)**
**(8,059)**| ||**44,582**
**139,187**
**—**
**183,770**
**191,829**| ||**45,963**
**136,805**
**—**
**182,768**
**183,770**
14,212
—
—
14,212
10,229
1,337
—
—
1,337
1,337
200
—
—
200
—
98
—
—
98
98
—
—
—
—
2,437
—
—
—
—
(270)
30,000
—
—
30,000
30,000
115
—
—
115
750
—
—
—
—
200
—
118,037
—
118,037
121,388
—
1,121
—
1,121
1,029| _Page 12_ |Holiday Club|—|108|—|108|(594)| |---|---|---|---|---|---| |IDS Decoration Lichfield|—|1,187|—|1,187|812| |Organ Fund|—|6,967|—|6,967|6,967| |Youth Fund (R)|—|9,384|—|9,384|9,384| ## **Statement of assets and liabilities** ||**General Designated**
**Restricted Endowment**
**Thisyear**
**Lastyear**| |---|---| |**Fixed assets - Investments**
CBF Church of England Property Fund
0132 -
CBF Church of England UK Equity Fund
013 -
**Totals**
**Current assets - Cash at bank and in hand**
Lloyds TSB Current Account -
Lloyds TSB Current Account -
CCLA DEPOSIT ACCOUNT -
Kingdom Bank St Judes Reserve A/C -
Cash in hand -
Holiday Club Petty Cash -
The Vicarage 21A St Judes -
**Totals**
**Liabilities - Agency accounts**
Agency collections -
**Totals**
**Grand total**|19,403
—
—
—
19,403
19,152
26,489
—
—
—
26,489
26,242| ||**45,893**
**—**
**—**
**—**
**45,893**
**45,395**
(82,385)
6,750
134,512
—
58,877
29,811
—
—
—
—
—
2,437
50,431
—
—
—
50,431
80,147
252
25,000
—
—
25,252
25,037
20
—
—
—
20
20
—
—
108
—
108
108
—
—
1,187
—
1,187
812| ||**(31,681)**
**31,750**
**135,808**
**—**
**135,877**
**138,374**
—
—
(997)
—
(997)
—| ||**—**
**—**
**(997)**
**—**
**(997)**
**—**| ||**14,212**
**31,750**
**136,805**
**—**
**182,768**
**183,770**| **Analysis of receipts and payments** _Page 13_ |**Receipts**
**Donations and legacies**
0101 - Gift Aid - Collections
0201 - Non Gift Aid - Collections
0301 - Loose plate collections
0550 - Donations
0601 - Tax recoverable on Gift Aid
08A1 - Non-recurring one-off grants
Total
**Receipts from charitable activities**
0901 - Other Income Generated
0903 - Subs paid for Clubs
Holiday/Jteam/Youth
1101 - Fees for Weddings and
Funerals
Total
**Investments**
1020 - Bank and building society
interest
1230 - Church hall lettings - general
Total
**Other receipts**
1310 - Insurance claims
Total||**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
47,744
—
6,707
—
54,451
53,226
9,023
—
105
—
9,128
9,931
2,646
—
—
—
2,646
4,661
14,384
—
—
—
14,384
15,269
14,036
—
—
—
14,036
16,157
9,254
—
—
—
9,254
—| |---|---|---| |||97,088
—
6,812
—
103,900
99,246
—
—
92
—
92
801
—
—
—
—
—
359
169
—
—
—
169
297| |||169
—
92
—
261
1,458
498
—
125
—
623
297
2,230
—
—
—
2,230
4,235| |||2,728
—
125
—
2,853
4,532
3,280
—
—
—
3,280
—| |||3,280
—
—
—
3,280
—| |**INCOME TOTAL**||103,266
—
7,029
—
110,296
105,237| ## **Payments** |**Raising funds**
1720 - Costs of Stewardship
Campaign|116
—
—
—
116
123| |---|---| _Page 14_ |Total
**Payments on charitable activities**
1730 - Costs of Fetes & Other Events
1802 - Giving to Other
Charities/Sponsorships
1901 - Parish share
2102 - All Other Expense Claims
2103 - Clergy Expenses
2201 - Staff Training
2202 - Catering
2203 - Course Material
2301 - Church running - insurance
2310 - Telephones
2320 - Organ/Piano
Tuning/Repair/Maintenance
2330 - Day to Day Maintenance &
Repairs
2331 - Cleaning
Materials&Equipment
2340 - Upkeep of services Wafer
Wine
2341 - Ministry Recources used in
Services
2361 -
Printing/Stationery/Advertising
2362 - Photocopier
2363 - Licences and Subscriptions
2401 - Church running - electric
2410 - Church running - gas
2420 - Church running - water
2710 - Major repairs
Total
**Other payments**
2001 - Salaries and Bursaries
2002 - Ers Nic
2025 - Secretary Pension
Total|116
—
—
—
116
123
13
59
—
—
72
1,250
7,134
61
—
—
7,195
7,841
49,928
—
—
—
49,928
48,710
146
—
—
—
146
228
110
—
—
—
110
188
—
—
—
—
—
252
71
—
—
—
71
492
—
320
—
—
320
273
4,049
—
—
—
4,049
3,941
1,476
—
—
—
1,476
1,250
714
—
—
—
714
709
8,871
—
—
—
8,871
19,981
361
—
—
—
361
398
419
—
—
—
419
351
136
573
—
—
709
1,805
2,265
—
—
—
2,265
2,183
982
—
—
—
982
908
871
—
—
—
871
1,307
896
—
—
—
896
1,009
4,202
—
—
—
4,202
4,871
28
—
—
—
28
63
—
—
10,224
—
10,224
(1,367)| |---|---| ||82,678
1,014
10,224
—
93,916
96,652
14,680
2,437
—
—
17,117
15,964
84
—
—
—
84
190
560
—
—
—
560
611| ||15,325
2,437
—
—
17,762
16,766| |**EXPENDITURE TOTAL**|98,120
3,451
10,224
—
111,795
113,542| ## **Fund movement by type - 2020** |**Build1st - Building Project - 1**
Restricted
**Sub-total for Build1st**|**Opening**
**Incoming**
**Outgoing**
**Transfers Gains/losses**
**Closing**
121,388
6,812
10,224
60
—
118,037| |---|---| ||**121,388**
**6,812**
**10,224**
**60**
**—**
**118,037**| _Page 15_ |**Decoration - IDS Decoration Lichf**
Restricted
**Sub-total for Decoration**
**Faith-Art - Faith & Art**
Designated
**Sub-total for Faith-Art**
**Holiday - Holiday Club**
Restricted
**Sub-total for Holiday**
**J-Team - Pre-Secondary School**
Designated
**Sub-total for J-Team**
**JobClub - Job Club**
Designated
Restricted
**Sub-total for JobClub**
**KINDER - KINDER S PENSION CON**
Designated
**Sub-total for KINDER**
**MISSION - SHORT TERM MISSION F**
Designated
**Sub-total for MISSION**
**Maintain - Building Maintenance**
Designated
**Sub-total for Maintain**
**Organ - Organ Fund**
Restricted
**Sub-total for Organ**
**Reserves - Reserves 3 months ex**
Designated
**Sub-total for Reserves**
**Toddlers - Carers and Toddlers**
Restricted
**Sub-total for Toddlers**
**Youth - Youth Fund (R)**
Restricted
**Sub-total for Youth**
**General - General fund**
Unrestricted
**Sub-total for General**
**Grand total**|812
125
—
250
—
1,187| |---|---| ||**812**
**125**
**—**
**250**
**—**
**1,187**
—
—
—
200
—
200| ||**—**
**—**
**—**
**200**
**—**
**200**
(594)
—
—
702
—
108| ||**(594)**
**—**
**—**
**702**
**—**
**108**
(270)
—
379
649
—
—| ||**(270)**
**—**
**379**
**649**
**—**
**—**
98
—
—
—
—
98
—
—
—
—
—
—| ||**98**
**—**
**—**
**—**
**—**
**98**
2,437
—
2,437
—
—
—| ||**2,437**
**—**
**2,437**
**—**
**—**
**—**
750
—
634
—
—
115| ||**750**
**—**
**634**
**—**
**—**
**115**
1,337
—
—
—
—
1,337| ||**1,337**
**—**
**—**
**—**
**—**
**1,337**
6,967
—
—
—
—
6,967| ||**6,967**
**—**
**—**
**—**
**—**
**6,967**
30,000
—
—
—
—
30,000| ||**30,000**
**—**
**—**
**—**
**—**
**30,000**
1,029
92
—
—
—
1,121| ||**1,029**
**92**
**—**
**—**
**—**
**1,121**
9,384
—
—
—
—
9,384| ||**9,384**
**—**
**—**
**—**
**—**
**9,384**
10,229
103,266
98,120
(1,862)
498
14,212| ||**10,229**
**103,266**
**98,120**
**(1,862)**
**498**
**14,212**| ||**183,569**
**110,296**
**111,795**
**—**
**498**
**182,768**| ## **Fund movement by type - 2019** |**Build1st - Building Project - 1**
Restricted
**Sub-total for Build1st**
**CFORes - Children and Family**|**Opening**
**Incoming**
**Outgoing**
**Transfers Gains/losses**
**Closing**
93,945
26,442
—
1,000
—
121,388| |---|---| ||**93,945**
**26,442**
**—**
**1,000**
**—**
**121,388**| _Page 16_ |Restricted
**Sub-total for CFORes**
**DAVIES - DAVIES W PENSION CON**
Designated
**Sub-total for DAVIES**
**Decoration - IDS Decoration Lichf**
Restricted
**Sub-total for Decoration**
**Holiday - Holiday Club**
Restricted
**Sub-total for Holiday**
**J-Team - Pre-Secondary School**
Designated
**Sub-total for J-Team**
**JobClub - Job Club**
Designated
Restricted
**Sub-total for JobClub**
**KINDER - KINDER S PENSION CON**
Designated
**Sub-total for KINDER**
**MISSION - SHORT TERM MISSION F**
Designated
**Sub-total for MISSION**
**Maintain - Building Maintenance**
Designated
**Sub-total for Maintain**
**Organ - Organ Fund**
Restricted
**Sub-total for Organ**
**Reserves - Reserves 3 months ex**
Designated
**Sub-total for Reserves**
**Toddlers - Carers and Toddlers**
Restricted
**Sub-total for Toddlers**
**Youth - Youth Fund (R)**
Restricted
**Sub-total for Youth**
**General - General fund**
Unrestricted|49
36
—
(85)
—
—| |---|---| ||**49**
**36**
**—**
**(85)**
**—**
**—**
357
—
357
—
—
—| ||**357**
**—**
**357**
**—**
**—**
**—**
250
62
—
500
—
812| ||**250**
**62**
**—**
**500**
**—**
**812**
(181)
60
472
—
—
(594)| ||**(181)**
**60**
**472**
**—**
**—**
**(594)**
(182)
—
88
—
—
(270)| ||**(182)**
**—**
**88**
**—**
**—**
**(270)**
98
—
—
—
—
98
—
—
—
—
—
—| ||**98**
**—**
**—**
**—**
**—**
**98**
2,437
—
—
—
—
2,437| ||**2,437**
**—**
**—**
**—**
**—**
**2,437**
1,568
—
1,538
720
—
750| ||**1,568**
**—**
**1,538**
**720**
**—**
**750**
1,337
—
—
—
—
1,337| ||**1,337**
**—**
**—**
**—**
**—**
**1,337**
6,967
—
—
—
—
6,967| ||**6,967**
**—**
**—**
**—**
**—**
**6,967**
30,000
—
—
—
—
30,000| ||**30,000**
**—**
**—**
**—**
**—**
**30,000**
878
359
209
—
—
1,029| ||**878**
**359**
**209**
**—**
**—**
**1,029**
9,546
18
—
(180)
—
9,384| ||**9,546**
**18**
**—**
**(180)**
**—**
**9,384**
44,556
78,258
111,025
(1,955)
395
10,229| _Page 17_ |**Sub-total for General**
**Grand total**|**44,556**
**78,258**
**111,025**
**(1,955)**
**395**
**10,229**| |---|---| ||**191,628**
**105,237**
**113,692**
**—**
**395**
**183,569**| ## **Staff Costs** ||2020|2019| |---|---|---| |||| |Wages & Salaries|£15,005|£15,641| |Social SecurityCosts|£84|£190| |Average number of Employees|3|3| During the year the PCC employed an administrator, church cleaner and caretaker [all part-time] and not all payments were large enough to attract social security costs. There were no employee benefits to key management personnel in the previous or current year. The PCC did not use the National Employment Savings Trust [Nest] via the Diocesan Payroll Scheme, for its pension payments. **COVID-19 –** The PCC received £9,254.48 in grants from the Government related to the Furlough Scheme ## **Trustees’ Remuneration & Expenses** No trustees are employed by the PCC One Trustee the incumbent has been reimbursed £110.08 for travel and phone expenses incurred during the year ## **Related Parties** No other expenses were paid to any other PCC member, persons closely connected to them or related parties. Donations from related parties [PCC members] totalled £18,428 (2019 £14,610) ## **Analysis of Transfer between Funds** |Unrestricted
£|Restricted
£|2020
Total
£|Unrestricted
£|Restricted
£|2019
Total
£| |---|---|---|---|---|---| ||||||| |(250)|250|0|||| |(60)|60|0|||| ||||(1,000)|1,000|0| _Page 18_ ||||85|(85)|0| |---|---|---|---|---|---| ||||(500)|500|0| ||||180|(180)|| ||||||| ||||||| |**(310)**|**310**|**0**|||| 2020 transfers - £250 from General to Decoration – transfer to IDS account held with Lichfield - £60 from General to Build 1[st] – donation input incorrectly transferred to correct 2019 transfers - £1,000 from General to Building Fund for donations received - £85 from Children and Family to General – donations made from bank account - £500 from General to Decoration – transfer to IDS account held with Lichfield - £180 from Youth Fund to General – for resources purchased ## **Fixed Assets** Fixed Asset Investments ||At 1 Jan
£|Additions
£|Disposals
£|Transfers
£|Change in
Market Value
£|At 31 Dec
£| |---|---|---|---|---|---|---| |Unrestricted funds||||||| |CBF PropertyFund|19,152|0.00|0.00|0.00|252|19,404| |CBF UK EquityFund|26,243|0.00|0.00|0.00|247|26,489| |||||||| |Restricted Funds||||||| |Investments|0.00|0.00|0.00|0.00|0.00|0.00| |||||||| |Endowment Fund||||||| |Investments|0.00|0.00|0.00|0.00|0.00|0.00| |||||||| |||||||| |**Total**|**45,395**|**0.00**|**0.00**|**0.00**|**499**|**45,893**| 013249001P – CBF Church of England Property Fund 0132 - £19,404 013249001Y – CBF Church of England UK Equity Fund 013 - £26,489 ## **SOFA – Receipts & Payments Comparatives** ## **Previous Year 2019** ## **Statement of Financial Activities** |**Statement of Financial Activities**|||||| |---|---|---|---|---|---| ||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Prior year**| ||**funds**|**funds**|**funds**|**funds**|**total funds**| |**Income and endowments from:**|||||| _Page 19_ |Donations and legacies
Income from charitable activities
Investments
**Total income**
**Expenditure on:**
Raising funds
Expenditure on charitable activities
Other expenditure
**Total expenditure**
**Net income / (expenditure) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains / losses on investment assets
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**|72,689
26,556
—
99,246
119,347
1,098
359
—
1,458
3,195
4,469
62
—
4,532
4,584| |---|---| ||**78,258**
**26,978**
**—**
**105,237**
**127,127**
123
—
—
123
117
96,120
682
—
96,802
83,836
16,766
—
—
16,766
15,800| ||**113,010**
**682**
**—**
**113,692**
**99,754**| ||**(34,751)**
**26,296**
**—**
**(8,454)**
**27,372**
1,260
1,774
—
3,035
1,131
(2,495)
(540)
—
(3,035)
(1,131)
395
—
—
395
—| ||**(35,590)**
**27,531**
**—**
**(8,059)**
**27,372**| ||**80,173**
**111,656**
**—**
**191,829**
**164,456**| ||**44,582**
**139,187**
**—**
**183,770**
**191,829**| _Page 20_