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2021-12-31-accounts

< Annual Report and Financial Statements of the Parochial Church Council of The Parish of St Jude’s

For the year ended 31[st] December 2021 Registered Charity Number 1132485

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The Parochial Church Council of St Jude’s

Trustees’ Annual Report for the year ended 31[st] December 2021

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

Additional governance issues

The PCC of the Parish of St Jude’s ensure that all new Trustees receive ‘The Essential Trustee Guide’ issued by the Charity Commission. They also receive a copy of the financial procedures as approved by the PCC to ensure they are aware of the controls in place. New trustees are informed that the bookkeeping, financial reports and adherence to financial procedures are maintained by Kim Benton.

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.

The Trustees carry out Risk Assessments for one-off events and ensure that leaders and helpers of events are aware of the PCC’s Health and Safety and Safeguarding policies.

The PCC is a registered charity, charity number 1132485.

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2021 – A second restricted year

Government restrictions, originally imposed across England at the end of March 2020 because of the coronavirus pandemic, continued to impact opening for public worship and other activities. The building was closed from 11[th] of January to 4[th] April, Easter Sunday (11 Sundays). Measures to reduce the risk of infection spread, and restrictions on the types of activity taking place in the building, continued beyond the end of the year. Special church services, visits by schools, Carers & Toddlers, gradually began to resume in the latter part of the year, but some (for example Cuppa & Cake) are unlikely to resume. Our contact with the local community is gradually returning. This report remains like last year’s - very different to those of previous years.

PCC Activity During 2021

The PCC resumed physically meeting on 12[th] July, the first time in 17 months (it last met physically on 2[nd] March 2020). During the lockdown essential business was carried out by email.

Staff

We have: 1 Vicar - Rev Philip Robertson. 1 minister with permission to officiate – Rev Ivor Saunders. 1 Reader – John Welsby. 1 Authorised Lay Minister – Amita Sudra. The PCC’s paid staff – our secretary, cleaner, and verger - returned to work at the end of September after being placed on the Government’s furlough scheme early in April 2020.

Services

Holy Communion resumed on 9[th] May 2021 and, for now, is given by intinction. Teaching in Sunday morning services, and on You Tube when the building was closed, has covered: Jesus’ ministry in Mark’s gospel; the wisdom of Ecclesiastes; Why bother with faith in God? (From Hebrews 10-12); Lessons for the church (Revelation 1-4); and Seasonal Festival Readings.

The evening Zoom service that had served some of the congregation well during lockdown, came to an end at the beginning of the summer.

Electoral Roll Membership and Service Statistics

The Electoral Roll remains at 105. In 2019, the year prior to the start of the coronavirus pandemic, Average Sunday Attendance was 90 adults and 16 under 16s. This year, with the building closed for 11 Sundays in the year, we again have no directly comparable figures. At the time of writing this report Sunday attendance is up to 60 to 70 adults and 9, or so, under 16s. There was 1 baptism, and 0 Service of Thanksgiving (1 baptism and 0 Services of Thanksgiving in 2020); 0 confirmation (1 in 2020); 0 wedding and 0 dedication after a civil ceremony (0 wedding and 0 dedications after a civil ceremony in 2020); 5 funerals in church and 2 at the crematorium (0 in church and 6 at the crematorium in 2020).

Children and Families Work

J Team during 10.30am Sunday Services - Primary school aged children

Whilst the building has been open for Sunday worship J Team has met in the church hall (except on Sundays when we hold Worship Together), and numbers attending have, on occasion, risen. Nicky Robertson, Linda Majhu, and Mark Harrington lead with assistance from other members of the church.

Schools work

St Jude’s and St Andrew’s schools have resumed inviting the vicar into school to take assemblies.

Carers & Toddlers

The Tuesday morning group resumed meeting in the Autumn and is proving popular with many non-church families. Dawn, and a regular group of volunteers do a marvellous job.

Pastoral Care

Pastoral support

Coronavirus restrictions brought an end to physical visiting, but as we have come out of lockdown limited visiting is resuming. Some of the people who feel unable to return to church welcome receiving service and prayer sheets, and recordings of services. The Prayer Chain has remained in operation through the year.

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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 and Prayer, keeps the congregation informed on what to pray for our Mission Partners.

Shaping for Mission

At the end of 2020 Bishop Michael launched the diocesan initiative Shaping for Mission . It comes in response to the impact of the Coronavirus Pandemic on all aspects of life. Church communities and structures have been shaken by the pandemic to such an extent that a major reappraisal of mission opportunities and resources is called for. Each deanery across the diocese is to examine itself, and seek out the mission opportunities that exist, in a 3 phase process. Details of all this can be found on the diocesan website at the address www.lichfield.anglican.org/shaping-for-mission . Mark Harrington (one of our Deanery representatives) sits on the Wolverhampton Deanery working party given the task of initiating and driving the process within our Deanery.

Fabric report

The PCC manages the day-to-day maintenance of church property. Maintenance this year has included:

In 2021 the first of these items was completed.

At the start of 2020 the year we approached our architect for advice on the many damp patches in walls around the building. Lockdowns prevented progress. Once we have taken stock of our finances, investigations and work needs to be put in hand.

Church finances

Financial Review

Net total assets - £72,987 (2020 £182,768).

Deficit – (£109,781) 2020 was a deficit of (£1,001) – Unrestricted Deficit – (£1,384) 2020 was a deficit of (£1,694.48).

St Judes total income has reduced from £110,296.70 in 2020 to £101,753 in 2021. This is mainly in donations and will be due to less Parish Share support, less furlough being paid and no transfers from the Incumbent and Church Wardens trust. The expenditure has increased from £111,795 2020 to £214,481 2021 and this mainly because of the day to day maintenance and major repairs. Gas has increased by £2,000 but salaries have reduced by approximately £4,000.

Parish Share

The PCC paid its full parish share of £49,928 for the year (£49,928 in 2020). Because we have no arrears LDBF gave us one month’s Parish Share Payment as a support grant.

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:

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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.

Planned Giving

Joan Reynolds is the Planned Giving Secretary.

Regular income from planned giving fluctuates but for all our depletion of numbers attending church in person during the year, income from giving has held well through the year. Every gift is received with a thankful heart, and with gratitude towards those who have made personal sacrifice in order to offer it. A few people have been exceptionally generous.

Appointment of Independent Examiner

On 10th February 2015 the PCC approved terms of appointment for LDBF to independently examine its annual accounts for the foreseeable future.

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: £511,244.85 2021 £434,461.97 2020– which includes 21 St Jude’s Road a house which is rented has a Fixed asset value of £207,781 2021 £190,000 2020

The remainder are Stocks and share investments: 1200021110S - £147,260.97 2021 £128,831.11 2020 – held in Trust with LDBF - TN217 120002015L - £67,401.29 2021 £58,012.99 – held in Trust with LDBF – TN217 120002029P - £52,521.37 2021 £45,964.63 2020– held in Trust with LDBF – TN217 Bank Current account holds £36,280.22 2021 £23,023.40 2020

Excess: £13,256.82

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 2021 £8,388 2020 £8,388 and management charges were £1,156.56 2021 £1,156.56 2020. The Dividend income was £7,615 2021 £7,499 2020.

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 £29,007. 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 £44,578 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: -

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

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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:

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 of the 35 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.

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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 £18,260. 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

Expenses paid to Trustees

One trustee [The Incumbent] was reimbursed £138.85 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 2021 to the date this report was approved

PCC Members: Who Served from 1 January 2021 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 [2023]
Mr James Sturgeon Churchwarden [2022]
Mr Pradip Sudra Churchwarden [2022]
Elected Members
Mrs Joan Reynolds Planned giving secretary [2022]
Mr Mark Harrington [2023]
Mr Simon Hewitt [2023]
Mr Brian Titton [2021] Resigned May 2021
Liz Lawrance [2023]
Dawn Peach Safeguarding Co-ordinator [2023]
Amita Sudra [2023]
Cynthia Ultete [2023]

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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 24[th] March 2022 and signed on its behalf by: Revd Philip Robertson Date: 24[th] March 2022

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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 2021 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 independent examination is needed.

It is my responsibility

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:

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: 05/10/2022 Jonathan Hill FCMA CGMA Lichfield Diocesan Board of Finance St Mary’s House, The Close, Lichfield WS13 7LD

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The Parish of Wolverhampton St Jude’s Notes to the Financial Statements

For the year ended 31[st] December 2021

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 2021.

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:

Restricted funds comprise of two elements :-

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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:

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.

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Debtors

Debtors are measured on initial recognition at settlement amount. Subsequently they are measured as cash expected to be received

Creditors and Accruals

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 2021

Statement of Receipts and Payments 2021

tatement of Receipts and Payments 2021
Receipts and endowments from:
Donations and legacies
Receipts from charitable activities
Investments
Other receipts
Total income
Payments on:
Raising funds
Payments on charitable activities
Other payments
Total payments
Net receipts / (payments) resources before transfer
Transfers
Gross transfers between funds - in
Gross transfers between funds - out
Other recognised gains / losses
Gains on revaluation, fixed assets, charity's own use
Net movement in funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Endowment
Total funds
Prior year
total funds
89,463
8,539
—
98,002
103,900
942
208
—
1,150
261
2,516
84
—
2,600
2,853
—
—
—
—
3,280
92,921
8,832
—
101,753
110,296
236
—
—
236
116
82,006
118,610
—
200,617
93,916
13,627
—
—
13,627
17,762
95,870
118,610
—
214,481
111,795
(2,949)
(109,778)
—
(112,727)
(1,499)
2,658
1,381
—
4,040
1,862
(4,040)
—
—
(4,040)
(1,862)
2,946
—
—
2,946
498
(1,384)
(108,396)
—
(109,781)
(1,001)
45,963
136,805
—
182,768
183,770
44,578
28,408
—
72,987
182,768

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Statement of assets and liabilities 2021

Current assets - Cash at bank and in hand
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
Current assets - Investments
CBF Church of England Property Fund
0132 -
CBF Church of England UK Equity Fund
013 -
Totals
Liabilities - Agency accounts
Agency collections -
Totals
Grand total		 General
Designated
Restricted
Endowment
This Year
Last Year
11,217
33,307
27,376
—
71,901
58,877
2
—
—
—
2
50,431
46
—
—
—
46
25,252
—
—
—
—
—
20
—
—
—
—
—
108
—
—
1,500
—
1,500
1,187
11,267
33,307
28,876
—
73,450
135,877
—
—
—
—
—
19,403
4
—
—
—
4
26,489
4
—
—
—
4
45,893
—
—
467
—
467
(997)
—
—
467
—
467
(997)
11,271
33,307
28,408
—
72,987
182,768

Approved by the PCC on 24[th] March 2022 and signed on its behalf by:

Revd Philip Robertson

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Analysis of receipts and payments 2021

RECEIPTS AND ENDOWMENTS

Donations and legacies Unrestricted Designated Restricted Endowment This year Last year
0101 - Gift Aid - Collections
49,115
—
6,819
—
55,934
54,451
0201 - Non Gift Aid - Collections
9,853
—
41
—
9,894
9,128
0301 - Loose plate collections
3,919
—
—
—
3,919
2,646
0550 - Donations
5,962
—
148
—
6,110
14,384
0601 - Tax recoverable on Gift Aid
12,641
—
1,530
—
14,172
14,036
08A1 - Non-recurring one-off grants
7,971
—
—
—
7,971
9,254
Total
89,463
—
8,539
—
98,002
103,900
Receipts from charitable activities
0901 - Other Income Generated
518
—
128
—
646
92
0903 - Subs paid for Clubs
Holiday/Jteam/Youth
—
—
80
—
80
—
1101 - Fees for Weddings and
Funerals
424
—
—
—
424
169
Total
942
—
208
—
1,150
261
Investments
1001 - Dividends
241
—
—
—
241
—
1020 - Bank and building society
interest
65
—
62
—
127
623
1230 - Church hall lettings - general
2,210
—
21
—
2,231
2,230
Total
2,516
—
84
—
2,600
2,853
Other receipts
1310 - Insurance claims
—
—
—
—
—
3,280
Total
—
—
—
—
—
3,280		 Donations and legacies Unrestricted Designated Restricted Endowment This year Last year
0101 - Gift Aid - Collections
49,115
—
6,819
—
55,934
54,451
0201 - Non Gift Aid - Collections
9,853
—
41
—
9,894
9,128
0301 - Loose plate collections
3,919
—
—
—
3,919
2,646
0550 - Donations
5,962
—
148
—
6,110
14,384
0601 - Tax recoverable on Gift Aid
12,641
—
1,530
—
14,172
14,036
08A1 - Non-recurring one-off grants
7,971
—
—
—
7,971
9,254
Total
89,463
—
8,539
—
98,002
103,900
Receipts from charitable activities
0901 - Other Income Generated
518
—
128
—
646
92
0903 - Subs paid for Clubs
Holiday/Jteam/Youth
—
—
80
—
80
—
1101 - Fees for Weddings and
Funerals
424
—
—
—
424
169
Total
942
—
208
—
1,150
261
Investments
1001 - Dividends
241
—
—
—
241
—
1020 - Bank and building society
interest
65
—
62
—
127
623
1230 - Church hall lettings - general
2,210
—
21
—
2,231
2,230
Total
2,516
—
84
—
2,600
2,853
Other receipts
1310 - Insurance claims
—
—
—
—
—
3,280
Total
—
—
—
—
—
3,280
89,463
—
8,539
—
98,002
103,900
518
—
128
—
646
92
—
—
80
—
80
—
424
—
—
—
424
169
942
—
208
—
1,150
261
241
—
—
—
241
—
65
—
62
—
127
623
2,210
—
21
—
2,231
2,230
2,516
—
84
—
2,600
2,853
—
—
—
—
—
3,280
—
—
—
—
—
3,280
RECEIPTS TOTAL 92,921
—
8,832
—
101,753
110,296

Page 14

PAYMENTS

Raising funds
1720 - Costs of Stewardship
Campaign
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
2202 - Catering
2203 - Course Material
2205 - Bank Charges
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		 236
—
—
—
236
116
236
—
—
—
236
116
46
—
108
—
154
72
7,713
216
—
—
7,930
7,195
49,421
—
—
—
49,421
49,928
—
—
—
—
—
146
138
—
—
—
138
110
—
—
—
—
—
71
—
—
—
—
—
320
44
—
—
—
44
—
4,091
—
—
—
4,091
4,049
1,460
—
—
—
1,460
1,476
—
—
—
—
—
714
5,459
90
20,027
—
25,576
8,871
149
—
—
—
149
361
129
795
—
—
925
419
119
—
24
—
144
709
2,779
—
—
—
2,779
2,265
1,231
—
—
—
1,231
982
1,049
—
—
—
1,049
871
857
—
—
—
857
896
6,138
—
—
—
6,138
4,202
73
—
—
—
73
28
—
—
98,450
—
98,450
10,224
80,904
1,102
118,610
—
200,617
93,916
12,965
—
—
—
12,965
17,117
—
—
—
—
—
84
662
—
—
—
662
560
13,627
—
—
—
13,627
17,762
PAYMENTS TOTAL 94,768
1,102
118,610
—
214,481
111,795
GRAND TOTAL (1,846)
(1,102)
(109,778)
—
(112,727)
(1,499)

Page 15

Fund movement by type - 2021


Build1st - Building Project - 1
Restricted
Sub-total for Build1st
Decoration - IDS Decoration Lichf
Restricted
Sub-total for Decoration
Faith-Art - Faith & Art
Designated
Sub-total for Faith-Art
Flower - Flower Fund
Restricted
Sub-total for Flower
Holiday - Holiday Club
Restricted
Sub-total for Holiday
J-Team - Pre-Secondary School
Designated
Sub-total for J-Team
JobClub - Job Club
Designated
Sub-total for JobClub
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		 Opening
Incoming
Outgoing
Transfers Gains/losses
Closing
118,037
8,485
118,477
1,131
—
9,176
118,037
8,485
118,477
1,131
—
9,176
1,187
62
—
250
—
1,500
1,187
62
—
250
—
1,500
200
—
—
—
—
200
200
—
—
—
—
200
—
53
—
—
—
53
—
53
—
—
—
53
108
—
108
—
—
—
108
—
108
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
98
—
—
—
—
98
98
—
—
—
—
98
115
—
907
2,658
—
1,867
115
—
907
2,658
—
1,867
1,337
—
195
—
—
1,142
1,337
—
195
—
—
1,142
6,967
—
—
—
—
6,967
6,967
—
—
—
—
6,967
30,000
—
—
—
—
30,000
30,000
—
—
—
—
30,000
1,121
230
—
—
—
1,352
1,121
230
—
—
—
1,352
9,384
—
24
—
—
9,359
9,384
—
24
—
—
9,359
14,212
92,921
94,768
(4,040)
2,947
11,271
14,212
92,921
94,768
(4,040)
2,947
11,271
182,768
101,753
214,481
—
2,947
72,987

Page 16

Fund movement by type - 2020

Build1st - Building Project - 1
Restricted
Sub-total for Build1st
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		 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
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

Page 17

Staff Costs

2021 2020
Wages & Salaries £12,965 £15,005
Social SecurityCosts £0.00 £84
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 £7,971 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 £138.85 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 £18,260 (2020 £18,428)

Page 18

Analysis of Transfer between Funds 2021

----- Start of picture text -----
Reference Debit Credit Description Fund Fund Type
----- End of picture text -----

Reference Debit Credit Description Fund Fund Type
Per email from Phil Robertson all of Gift aid posted against To building 1st to reflect 25% of GA on donations to this
General this is 25% of gift aid donations to Building - 1,131.40 fund General Unr
Per email from Phil Robertson all of Gift aid posted against
General this is 25% of gift aid donations to Building 1,131.40 - Per General to reflect 25% of GA donations Build1st Res
Tfr from 00520537 to IDS - 250 To IDS General Unr
Tfr from General to Short term mission fund - 2,658.75 To Short term mission fund General Unr
Tfr from General to Short term mission fund 2,658.75 - Per General MISSION Des
Tfr from 00520537 to IDS 250 - Per 00520537 Decoration Res

Analysis of Transfer between Funds 2020

Unrestricted
£		 Restricted
£		 2020
Total
£		 Unrestricted
£		 Restricted
£		 2019
Total
£
(250) 250 0
(60) 60 0
(1,000) 1,000 0
85 (85) 0
(500) 500 0
180 (180)
(310) 310 0

2020 transfers

Page 19

Fixed Assets

The PCC of Wolverhampton St Judes do not have any Fixed Assets - Tangible

Fixed Asset Investments

At 1 Jan
£		 Additions
£		 Disposals
£		 Transfers
£		 Change in
Market Value
£		 At 31 Dec
£
Unrestricted funds
CBF PropertyFund 19,404 0.00 0.00 19,404 0.00 0.00
CBF UK EquityFund 26,489 0.00 0.00 26,485 0.00 4
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 45,893 0.00 0.00 45,889 0.00 4

013249001P – CBF Church of England Property Fund 0132 - £0.00 013249001Y – CBF Church of England UK Equity Fund 013 - £4

Summary of Asset by fund 2021

Unrestricted
General fund 11,271 — — 11,271 14,212
Designated
Building Maintenance (D) 1,142 — — 1,142 1,337
Faith & Art 200 — — 200 200
Job Club 98 — — 98 98
Reserves 3 months expenditure 30,000 — — 30,000 30,000
SHORT TERM MISSION FUND 1,867 — — 1,867 115
Restricted
Building Project - 1st Phase — 9,176 — 9,176 118,037
Carers and Toddlers — 1,352 — 1,352 1,121
Flower Fund — 53 — 53 —
Holiday Club — — — — 108
IDS Decoration Lichfield — 1,500 — 1,500 1,187
Organ Fund — 6,967 — 6,967 6,967
Youth Fund (R) — 9,359 — 9,359 9,384
Total 44,578 28,407 72,985 182,766

Page 20

SOFA – Receipts & Payments Comparatives

Previous Year 2020

Statement of Receipts and Payments 2020

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		 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

Page 21