Charity registration number: 1132731
## Halas P C C
Annual Report and Financial Statements
for the Year Ended 31 December 2020
## **Halas P C C**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustee's Report|2 to 6|
|Statement of Trustee's Responsibilities|7|
|Independent Examiner's Report|8|
|Statement of Financial Activities|9 to 10|
|Balance Sheet|11|
|Notes to the Financial Statements|12 to 18|
## **Halas P C C**
## **Reference and Administrative Details**
## **Principal Office**
**Charity Registration Number**
**Independent Examiner**
The Parish Office 32 High Street Halesowen West Midlands B63 3BB 1132731 Ballards LLP 11c Kingswood Road Hampton Lovett Droitwich Worcestershire WR9 0QH
Page 1
## **Halas P C C**
## **Trustee's Report**
The member presents the annual report together with the financial statements of the charity for the year ended 31 December 2020.
## **Objectives and activities**
## _**Objects and aims**_
The primary objective of the charity is the promotion in the ecclesiastical parish of the whole mission of the church.
## _**Public benefit**_
The trustees have complied with their duty to have due regard to public benefit guidance published by Commission; the trustees consider that the charity meets the public benefit requirements of the Charities Act 2011 by carrying out its normal activities.
## **Achievements and performance**
The Halas Team Ministry exists to serve the people of the town of Halesowen and the districts of Cradley, Hasbury Lapal, Romsley and Hunnington and to proclaim the Kingdom of God in prayer, word, action and life through offering a distinctively Anglican expression of the Christian faith. How this has been explored and expressed during 2020, we hope to express in the Team and individual church reports which follow.
It is stating the obvious to say that the Covid-19 pandemic significantly affected the life of the Team, both in terms of churches being sporadically closed or open only for private prayer and also, more importantly, in the lives of people in our community being marked by grief - often in the face of being unable to be present with sick or dying loved ones and having funerals with restricted numbers in attendance - and sometimes loneliness and negatively affected mental health.
We sought to respond to the new situation in several ways. Firstly there has been a ministry of pastoral care by phone call or door step across all churches. Secondly we have set up a new weekly paper mailing of sermons, readings, intercessions and meditations for those not online. Thirdly we now have a much stronger online presence: Morning and Evening Prayer daily, a sermon and Eucharist with Spiritual Communion on Sundays, a mid-week meditation from our Readers, Brick Church and so on - all on Facebook. We certainly didn’t manage a shifting situation perfectly but all have been, we hope, exceptionally well received and have brought encouragement in tough times.
Church buildings had to close for three months during the first lockdown. They were then able to reopen for private prayer and eventually for public worship, a pattern which has been subsequently repeated. We owe a debt of thanks to our churchwardens for their hard work and skill in ensuring that prayer and worship has been able to happen safely and within guidelines. Similarly we owe thanks to the Parish Office staff - working in part from home - for their helping baptism families and wedding couples to re-schedule the life events they have so much been looking forward to.
Page 2
## **Halas P C C**
## **Trustee's Report**
Eva Field retired after well over two decades of dedicated work as our Parish Secretary and PCC Secretary at the end of the year; and Anne Palmer mid-year but still offering her services to the end of the year. Sadly we were unable to say thank you to them as we ordinarily would - there may still be opportunity - but we owe both a debt of gratitude for their hard work, skill, knowledge and dedicated commitment to the life of the Parish. After extensive interviewing Lizzi Featherstone was appointed as Parish Administrator from the New Year and we offer her our full prayer, commitment and support in a demanding role.
Other aspects of church life continued, albeit within restrictions. Charles Morgan and Spencer both completed their Reader training very successfully and were licensed at a moving service in the cathedral. We look forward very much to their ongoing ministries, joining Susan, Karen and Pat to form an exceptionally talented team of Readers, a real blessing to the Parish. Outside the Parish Jonny Gordon and Sarah Bardell were ordained priest and Foluso Enwerem deacon: we had enjoyed having all three for placements in the Parish. We are reminded that God is calling all of us to Christian ministry. For some that ministry may be authorised or licensed by the bishop. Encouraging people in hearing and pursuing vocations and wholeheartedly supporting them must be an ongoing priority for our life together.
Our Church Schools have had a tough year, staff having to negotiate Covid restrictions and online learning. All have responded amazingly and we continue to hold the staff and children at Cradley, Halesowen, St Kenelm’s and St Margaret’s and Schools in our prayers.
We continue reviewing our responsibilities under the General Data Protection Regulation Legislation. Systems are in place which we continue to monitor. The Church Safeguarding representatives continue to meet regularly to keep review the responsibilities. Measures are in place for new appointments across the Team including interviewing and the necessary checks being carried out. Work in connection with employment and pensions continues. We are enormously grateful for those who are involved with this ongoing work.
We continue to be careful to ensure our finances are kept in order. We have held several finance committee meetings during the year to monitor this. Income is down from last year and outgoings have been reduced where we can to compensate.
The past year leaves a legacy of uncertainty; and of faithful hope. The eventual size of our worshipping congregations is uncertain, though signs are encouraging. We are struggling to fill lay roles, notably those of churchwarden and treasurer. Services may not return to their pre-pandemic pattern. We are aware that when one of the stipendiary clergy leaves they will likely not be replaced. And paying Parish Share is not easy, though levels of giving have held up surprisingly impressively during a difficult year. This may be an opportunity to pause and ask ourselves afresh what our collective mission is and what the roles and callings of our constituent churches are; and in doing so ask what things we have been unable to do we are called to return to and what not and to what new things we might be being called. We look to the future with faith and with hope.
That faith and hope is above all in God’s faithfulness towards us. But it is massively encouraged by the dedication, gifts and passion of the people of this Team lay and ordained, paid and voluntary, licensed and unlicensed. We are truly blessed in the people we have worshipping in our churches, volunteering in many different roles in our life together in Christ. For which we offer our profound thanks.
Rob Hall, Team Rector David Scotton, Lay Chair of the PCC
Page 3
## **Halas P C C**
## **Trustee's Report**
## **Financial review**
## _**Policy on reserves**_
It is the Policy of the PCC that the Parish Office and each District Church shall endeavour to establish and maintain a reserve on their General Funds equivalent to two months of general running costs to cover unforeseen emergencies.
In addition, the Parish Office shall endeavour to establish and maintain a reserve sufficient to cover any costs incurred in maintaining the building of, and equipment in, the Parish Office.
Each District Church shall endeavour to establish and maintain a reserve on their building funds to cover any cost incurred on regular maintenance, or periodic maintenance identified by the Quinquennial inspection, of their Church Building.
District Churches which have other buildings or lands, e.g. a Church Hall, shall endeavour to establish and maintain a reserve on their appropriate funds to cover any cost incurred on regular maintenance, or periodic maintenance, of their buildings or lands. A similar reserve shall be derived for the Parish Office, which shall be apportioned to each church on the same basis as Parish Share. Initially, the value of each reserve shall be submitted to the Parish Finance Committee for recommendation and reporting to the PCC for their approval.
Subsequently, the identification of any expense which may exceed, or seriously reduce, the associated reserve shall immediately be reported to the Parish Treasurer and Chairman of Parish Finance who, if required, will call a meeting of the Parish Finance Committee to discuss the implications of such reduction in reserves and to recommend any forward action required, while keeping the PCC Chair and Vice Chair fully informed.
The status of the various reserves shall be reported at least annually to the Parish Finance Committee for onward reporting to the PCC and the Parish Treasurer for inclusion in the Annual Report as required by the Charities Act.
## **Structure, governance and management**
## _**Nature of governing document**_
The governing documents of the PCC are the Parochial Church Council Powers Measure (1956), as amended, and the Church Representation Rules.
Day to day management of the charity is carried out by the members of the PCC, all of whom are also trustees.
## _**Recruitment and appointment of trustee**_
Members of the PCC, who are also trustees, are either ex officio or elected by the Annual Parochial Church Representation Rules. During the year the following served as members of the PCC:
Page 4
## **Halas P C C**
## **Trustee's Report**
**Rector of the Halas Team Lay Chair of the PCC Licensed Clergy in the Team**
## **Churchwardens**
## **Deanery Synod Representatives**
## **Elected Lay Representatives**
## **Safeguarding Officer**
|Rob Hall|Vicar for Hasbury|Vicar for Hasbury|||
|---|---|---|---|---|
|David Scotton|||||
|Katryn Leclezio|Vicar for Cradley||||
|Dominic Melville|Vicar for Halesowen & Romsley||||
|Hazel Charlton|Vicar for Lapal||||
|Paul Millward|Cradley||||
|Ivor Shilvock|Halesowen||||
|Jane Sinclair|Hasbury||||
|Margaret James|Hasbury||||
|Anita Gadd|Lapal||||
|Christine Adshead|Cradley||||
|David Hobbs|Hasbury||||
|Alan Hughes|Hasbury||||
|Roy Bicknell|Lapal, also|Churchwarden|||
|Eva Field|PCC rep||||
|David Scotton|Lapal, also|PCC Lay Chair|||
|Selina Tromans|Romsley||||
|Bernard Pridden|Romsley||||
|John Layton|||||
|Sharon Turner|Cradley||||
|Susan Harding|Halesowen||||
|Jonathan Spencer|Halesowen||||
|John Hall|Hasbury,
Chair|also|Finance|Comittee|
|Susan Bicknell|Lapal||||
|Andrew Nock|Lapal||||
|Stuart Harper|Romsley||||
|Lynn Barrows|Romsley||||
|Mel Case|Co-opted 12th July 2016||||
Non-voting Participants with the right to receive all papers, attend meetings & participate in discussion
**Associate Clergy** David Garner
**Readers/Licensed Lay Ministers** Susan Cresswell, Pat Hall
(Karen Chaplin is elected as a voting member)
**PCC Treasurer**
Charlie Shepherd
Page 5
## **Halas P C C**
## **Trustee's Report**
## **PCC Secretary**
Eva Field
The annual report was approved by the member of the charity on .................... and signed on its behalf by:
......................................... Rob Hall Trustee
Page 6
## **Halas P C C**
## **Statement of Trustee's Responsibilities**
The trustee is responsible for preparing the trustee's report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the member is required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements 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 the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The member is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The member is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the member of the charity on .................... and signed on its behalf by:
......................................... Rob Hall Trustee
Page 7
## **Halas P C C**
## **Independent Examiner's Report to the trustee of Halas P C C**
I report to the charity trustee on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 9 to 18.
## **Respective responsibilities of trustee and examiner**
As the charity’s trustee of Halas P C C you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Halas P C C's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
Since Halas P C C's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of Halas P C C as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... M A Skellum FCA
11c Kingswood Road Hampton Lovett Droitwich Worcestershire WR9 0QH
Date:.............................
Page 8
## **Halas P C C**
## **Statement of Financial Activities for the Year Ended 31 December 2020**
|**Note**
**Income and Endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investment income
Other income
Total income
**Expenditure on:**
Raising funds
Charitable activities
Other expenditure
Total expenditure
Gains/losses on investment
assets
Net (expenditure)/income
Gross transfers between
funds
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
8|**Unrestricted**
**funds**
**£**
218,260
20,603
15,667
15,235
346
270,111
(1,549)
(285,009)
(619)
(287,177)
4,391
(12,675)
13,026
351
364,356
364,707|**Restricted**
**funds**
**£**
3,930
2,213
-
24,884
1,661
32,688
(18)
(38,370)
-
(38,388)
37,670
31,970
(13,026)
18,944
683,739
702,683|**Endowment**
**funds**
**£**
-
-
-
-
-
-
-
-
-
-
47,549
47,549
-
47,549
725,587
773,136|**Total**
**2020**
**£**
222,190
22,816
15,667
40,119
2,007|
|---|---|---|---|---|
|||||302,799|
|||||(1,567)
(323,379)
(619)|
|||||(325,565)|
|||||89,610|
|||||66,844
-|
|||||66,844
1,773,682|
|||||1,840,526|
Page 9
## **Halas P C C**
## **Statement of Financial Activities for the Year Ended 31 December 2020**
|**Note**
**Income and Endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investment income
Other income
Total income
**Expenditure on:**
Raising funds
Charitable activities
Other expenditure
Total expenditure
Gains/losses on investment
assets
Net income
Gross transfers between
funds
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
8|**Unrestricted**
**funds**
**£**
230,193
57,332
26,951
14,240
-
328,716
(5,306)
(296,046)
(577)
(301,929)
10,259
37,046
4,278
41,324
323,032
364,356|**Restricted**
**funds**
**£**
10,498
756
-
26,471
1,756
39,481
(1,080)
(16,728)
(26,220)
(44,028)
86,680
82,133
(4,278)
77,855
605,884
683,739|**Endowment**
**funds**
**£**
-
-
-
-
-
-
-
-
-
-
108,331
108,331
-
108,331
617,256
725,587|**Total**
**2019**
**£**
240,691
58,088
26,951
40,711
1,756|
|---|---|---|---|---|
|||||368,197|
|||||(6,386)
(312,774)
(26,797)|
|||||(345,957)
205,270|
|||||227,510
-|
|||||227,510
1,546,172|
|||||1,773,682|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2019 is shown in note 8.
Page 10
## **Halas P C C**
## **(Registration number: 1132731) Balance Sheet as at 31 December 2020**
|**Note**
**Fixed assets**
Tangible assets
4
Investments
5
**Current assets**
Debtors
6
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
7
**Net current assets**
**Net assets**
**Funds of the charity:**
**Endowment funds**
**Restricted income funds**
Restricted funds
8
**Unrestricted income funds**
Unrestricted funds
**Total funds**
8|**2020**
**£**
104,390
1,395,113
1,499,503
21,659
335,677
357,336
(16,313)
341,023
1,840,526
773,136
702,683
364,707
1,840,526|**2019**
**£**
104,390
1,305,504|
|---|---|---|
|||1,409,894|
|||24,166
354,872|
|||379,038
(15,250)|
|||363,788|
|||1,773,682|
|||725,587
683,739
364,356|
|||1,773,682|
The financial statements on pages 9 to 18 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Rob Hall Trustee
Page 11
## **Halas P C C**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Halas P C C meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
## **Income and endowments**
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## _**Gift aid**_
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Page 12
## **Halas P C C**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Tangible fixed assets**
Consecrated and benefice property is excluded from the accounts by provisions of the Charities Act 2011. No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which requires a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvements, is written off as expenditure in the SOFA and separately disclosed.
## **Fixed asset investments**
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **2 Trustee remuneration and expenses**
During the year the charity made the following transactions with trustee:
Clergy expenses of £4,405 (2019 - £7,793) were paid in the year.
No trustee, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any other benefits from the charity during the year.
Page 13
## **Halas P C C**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **3 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **4 Tangible fixed assets**
|**Cost**
At 1 January 2020
At 31 December 2020
**Depreciation**
At 31 December 2020
**Net book value**
At 31 December 2020
At 31 December 2019
**5**
**Fixed asset investments**
Other investments
|**Land and**
**buildings**
**£**
104,390
104,390
-
104,390
104,390
**2020**
**£**
1,395,113|**Total**
**£**
104,390|
|---|---|---|
|||104,390
-|
|||104,390|
|||104,390|
|||**2019**
**£**
1,305,504|
Page 14
## **Halas P C C**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **Other investments**
|**Other investments**|||||
|---|---|---|---|---|
|**Cost or Valuation**
At 1 January 2020
Revaluation
At 31 December 2020
**Net book value**
At 31 December 2020
At 31 December 2019
**6**
**Debtors**
Other debtors
**7**
**Creditors: amounts falling due within one year**
Other creditors||**Listed**
**investments**
**£**
1,305,504
89,609
1,395,113
1,395,113
1,305,504
**2020**
**£**
21,659
**2020**
**£**
16,313||**Total**
**£**
1,305,504
89,609
1,395,113
1,395,113
1,305,504
**2019**
**£**
24,166|
|||**2020**
**£**
21,659
**2020**
**£**
16,313|||
|||||**2019**
**£**
15,250|
Page 15
## **Halas P C C**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **8 Funds**
|**8**
**Funds**|||||
|---|---|---|---|---|
|**Unrestricted**
**_General_**
Unrestricted funds
**Restricted**
Restricted funds
**Endowment**
**_Expendable_**
Endowment funds
**Total funds**|**Balance**
**at 1**
**January**
**2020**
**£**
364,356
683,739
725,587
725,587
1,773,682|**Incoming**
**resources**
**£**
**Resources**
**expended**
**£**
270,111
(287,177)
32,688
(38,388)
-
-
-
-
302,799
(325,565)|**Transfers**
**£**
**Other**
**recognised**
**gains/(losses)**
**£**
**Balance**
**at 31**
**December**
**2020**
**£**
13,026
4,391
364,707
(13,026)
37,670
702,683
-
47,549
773,136
-
47,549
773,136
-
89,610
1,840,526|**Balance**
**at 31**
**December**
**2020**
**£**
364,707
702,683
773,136|
|||||773,136|
Page 16
## **Halas P C C**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
|**Balance**
**at 1**
**January**
**2019**
**£**
**Unrestricted**
**_General_**
Unrestricted funds
323,032
**Restricted**
Restricted funds
605,883
**Endowment**
**_Expendable_**
Endowment funds
617,257
617,257
**Total funds**
1,546,172
**9**
**Analysis of net assets between**
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Total net assets|**Incoming**
**resources**
**£**
**Resources**
**expended**
**£**
**Transfers**
**£**
**Other**
**recognised**
**gains/(losses)**
**£**
**Balance**
**at 31**
**December**
**2019**
**£**
328,716
(301,929)
4,278
10,259
364,356
39,481
(44,028)
(4,278)
86,680
683,738
-
-
-
108,331
725,588
-
-
-
108,331
725,588
368,197
(345,957)
-
205,270
1,773,682
**funds**
**Unrestricted**
**Endowment**
**General**
**£**
**Restricted**
**£**
**Expendable**
**£**
**2020**
**Total funds**
**£**
-
104,390
-
104,390
312,546
312,141
770,426
1,395,113
68,474
286,152
2,710
357,336
(16,313)
-
-
(16,313)
364,707
702,683
773,136
1,840,526
**Unrestricted**
**Endowment**
**General**
**£**
**Restricted**
**£**
**Expendable**
**£**
**2019**
**Total funds**
**£**
-
104,390
-
104,390
308,156
274,471
722,877
1,305,504
71,451
304,877
2,710
379,038
(15,250)
-
-
(15,250)
364,357
683,738
725,587
1,773,682|**Incoming**
**resources**
**£**
**Resources**
**expended**
**£**
**Transfers**
**£**
**Other**
**recognised**
**gains/(losses)**
**£**
**Balance**
**at 31**
**December**
**2019**
**£**
328,716
(301,929)
4,278
10,259
364,356
39,481
(44,028)
(4,278)
86,680
683,738
-
-
-
108,331
725,588
-
-
-
108,331
725,588
368,197
(345,957)
-
205,270
1,773,682
**funds**
**Unrestricted**
**Endowment**
**General**
**£**
**Restricted**
**£**
**Expendable**
**£**
**2020**
**Total funds**
**£**
-
104,390
-
104,390
312,546
312,141
770,426
1,395,113
68,474
286,152
2,710
357,336
(16,313)
-
-
(16,313)
364,707
702,683
773,136
1,840,526
**Unrestricted**
**Endowment**
**General**
**£**
**Restricted**
**£**
**Expendable**
**£**
**2019**
**Total funds**
**£**
-
104,390
-
104,390
308,156
274,471
722,877
1,305,504
71,451
304,877
2,710
379,038
(15,250)
-
-
(15,250)
364,357
683,738
725,587
1,773,682|**Balance**
**at 31**
**December**
**2019**
**£**
364,356
683,738
725,588|
|---|---|---|---|
||||725,588|
|||1,840,526||
|||**2019**
**Total funds**
**£**
104,390
1,305,504
379,038
(15,250)||
|||1,773,682||
Page 17
## **Halas P C C**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **10 Analysis of net funds**
|**10 Analysis of net funds**||||
|---|---|---|---|
|Cash at bank and in hand
Net debt
Cash at bank and in hand
Net debt|**At 1 January**
**2020**
**£**
354,872
354,872
**At 1 January**
**2019**
**£**
353,189
353,189|**Financing**
**cash flows**
**£**
(19,195)
(19,195)
**Financing**
**cash flows**
**£**
1,683
1,683|**At 31**
**December**
**2020**
**£**
335,677|
||||335,677|
||||**At 31**
**December**
**2019**
**£**
354,872|
||||354,872|
## **11 Related party transactions**
There were no related party transactions in the year.
Page 18
## Parochial Church Council of Halas
## Annual Financial Report 2020
|Contents||
|---|---|
|Balance Sheet|1|
|Statement of Financial Activity|2|
|Income & Expenditure Reports|3-14|
|Policy Statements|15-16|
|Notes to the Financial Statements|17-26|
## **PAROCHIAL CHURCH COUNCIL OF HALAS**
## **Balance sheet**
## **As at: 31 December 2020**
|**Fixed assets**
Intangible assets
Investments
**Current assets**
Debtors
Cash at bank and in hand
**Liabilities**
Creditors: Amounts falling due in one year
**Net current assets less current liabilities**
**Total assets less current liabilities**
**Total net assets less liabilities**|**As at 31/12/2020**
**£**|**As at 31/12/2019**
**£**|
|---|---|---|
||104,390
1,395,113
1,499,504
21,658
335,677
357,335
16,313
**341,022**
**1,840,526**
**1,840,526**|104,390
1,305,504
1,409,894
24,166
354,872
379,038
15,250
**363,788**
**1,773,682**
**1,773,682**|
||**Represented by Funds**
Unrestricted
112,911
91,565
Designated
251,797
272,792
Restricted
702,683
683,738
Endowment
773,136
725,587
Total
1,840,526
1,773,682|
|---|---|
Approved by the Parochial Church Meeting on / /2021 and signed on its behalf by;
Rev R Hall (Chairman)
C Shepherd (Treasurer)
_**There may be minor discrepancies in the totals if the pence are not being shown**_
10 March 2021
Page 1
## **PAROCHIAL CHURCH COUNCIL OF HALAS**
## **Statement of Financial Activities**
## **For the period from 01 January 2020 to 31 December 2020**
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**Total**|**Prior year**|
|---|---|---|---|---|---|---|
||**funds**|**funds**|**funds**|**funds**|**funds**|**total funds**|
|**_Income and endowments from:_**|||||||
|Donations and legacies|206,739|11,521|3,930|—|222,190|240,690|
|Income from charitable activities|15,790|4,813|2,213|—|22,816|58,089|
|Other trading activities|14,695|922|—|—|15,617|26,951|
|Investments|14,979|255|24,885|—|40,119|40,708|
|Other income|266|130|1,661|—|2,057|1,756|
|**Total income**|**252,468**|**17,641**|**32,689**|**—**|**302,799**|**368,194**|
|**_Expenditure on:_**|||||||
|Raising funds|367|1,183|18|—|1,567|6,386|
|Expenditure on charitable activities|259,514|25,494|38,371|—|323,378|312,772|
|Other expenditure|—|619|—|—|619|26,797|
|**Total expenditure**|**259,881**|**27,295**|**38,389**|**—**|**325,565**|**345,954**|
|**Net income / (expenditure) resources before transfer**|**(7,412)**|**(9,654)**|**(5,699)**|**—**|**(22,766)**|**22,240**|
||||||||
|**_Transfers_**|||||||
|Gross transfers between funds - in|28,417|21,879|1,135|—|51,431|28,405|
|Gross transfers between funds - out|(2,053)|(35,216)|(14,161)|—|(51,431)|(28,405)|
|**_Other recognised gains / losses_**|||||||
|Gains / losses on investment assets|2,394|1,997|37,670|47,549|89,610|205,270|
|**Net movement in funds**|**21,345**|**(20,995)**|**18,945**|**47,549**|**66,844**|**227,510**|
|**_Reconciliation of funds_**|||||||
|**Total funds brought forward**|**91,565**|**272,792**|**683,738**|**725,587**|**1,773,682**|**1,546,172**|
|**Total funds carried forward**|**112,911**|**251,797**|**702,683**|**773,136**|**1,840,526**|**1,773,682**|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
09 March 2021 Page 2
**Halas Parish**
## **Analysis of income and expenditure**
## **Selected period: 01 January 2020 to 31 December 2020**
|||||||**Total**||
|---|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**||**Last year**|
|**Income and endowments**||||||||
|**_Donations and legacies_**||||||||
|0020 - Donations appeals etc|152|—|—|—|152||449|
|0031 - One-off grants|—|—|(84)|—|(84)||—|
|0032 - Other funds generated|(15)|—|—|—|(15)||15|
|**_Donations and legacies Totals_**|137|—|(84)|—|53||465|
|**_Income from charitable activities_**||||||||
|0050 - Fees for weddings and funerals|6,109|—|—|—|6,109||10,851|
|**_Income from charitable activities_**|6,109|—|—|—|6,109||10,851|
|**_Totals_**||||||||
|**_Investments_**||||||||
|0040 - Dividends|9,222|—|1,070|—|10,292||9,992|
|0041 - Bank and building society|61|—|29|—|90||152|
|interest||||||||
|**_Investments Totals_**|9,283|—|1,099|—|10,382||10,145|
|**Income and endowments**|15,528|—|1,015|—|16,543||21,460|
|**Grand totals**||||||||
|||||||||
|**Expenditure**||||||||
|**_Expenditure on charitable activities_**||||||||
|1030 - Giving - Parish Outward Giving|—|—|(11,587)|—|(11,587)||(15,003)|
|1031 - Giving - Mission societies|—|—|4,386|—|4,386||—|
|1033 - Giving - Home mission|—|—|4,386|—|4,386||—|
|1034 - Giving - Secular charities|—|—|7,310|—|7,310||—|
|1041 - Parish Expenses|(17,649)|—|—|—|(17,649)||(15,691)|
|1057 - Church running - Maintenance|—|—|—|—|—||46|
|1064 - Church running - Upkeep of|163|—|—|—|163||—|
|services||||||||
|1201 - Governance costs -|1,716|—|—|—|1,716||1,668|
|examination/audit fee||||||||
|1501 - Clergy: Car Mileage|981|—|—|—|981||3,405|
|1502 - Clergy: Parking|38|—|—|—|38||219|
|1509 - Clergy: Other Travel|8|—|—|—|8||4|
|1510 - Clergy: Telephone & Internet|911|—|—|—|911||1,172|
|1520 - Clergy: Stationery: Printer Paper|—|—|—|—|—||2|
|1521 - Clergy: Stationery: Printer Ink|448|—|—|—|448||313|
|1529 - Clergy: Stationery: Sundry|85|—|—|—|85||361|
|1531 - Clergy: Hospitality|—|—|—|—|—||40|
|1533 - Clergy: Training/Away Days|160|—|—|—|160||301|
|1549 - Clergy: Sundry|(43)|—|—|—|(43)||96|
|1551 - Office: Bank Charges|144|—|—|—|144||158|
|1552 - Office: Building Maintenance|56|—|—|—|56||150|
|1553 - Office: Copier: Consumables|239|—|—|—|239||61|
|1554 - Office: Copier: Copy Charge|496|—|—|—|496||532|
|1555 - Office: Copier: Ext Warranty|—|—|—|—|—||46|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
09 March 2021 Page 3
|||||||**Total**||
|---|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**||**Last year**|
|1557 - Office: Copier: Lease|385|—|—|—|385||385|
|1559 - Office: Electricity|401|—|—|—|401||117|
|1562 - Office: Gas|715|—|—|—|715||1,159|
|1563 - Office: Insurance|218|—|—|—|218||605|
|1564 - Office: Internet|171|—|—|—|171||171|
|1565 - Office: Licences|—|—|—|—|—||20|
|1566 - Office: Petty Cash (Postage etc)|1,480|—|—|—|1,480||331|
|1567 - Office: Phone|741|—|—|—|741||660|
|1568 - Office: Salaries|18,560|—|—|—|18,560||18,731|
|1570 - Office: Stationery: Printer Ink|263|—|—|—|263||660|
|1571 - Office: Stationery: Printer Paper|426|—|—|—|426||694|
|1572 - Office: Stationery: Sundry|270|—|—|—|270||133|
|1574 - Office: Water Rates|206|—|—|—|206||286|
|1599 - Office: Sundry|56|—|—|—|56||—|
|1601 - Parish: Services: Baptisms|439|—|—|—|439||364|
|1602 - Parish: Services: Weddings|198|—|—|—|198||147|
|1603 - Parish: Services: Funerals|267|—|—|—|267||117|
|1604 - Parish: Services: General|512|—|—|—|512||412|
|1610 - Parish: Resources:|524|—|—|—|524||621|
|Books/Subscriptions||||||||
|1611 - Parish: Resources:|242|—|—|—|242||216|
|Licences/Software||||||||
|1619 - Parish: Resources: Other|42|—|—|—|42||—|
|1620 - Parish: Other: Gifts|500|—|—|—|500||—|
|1623 - Parish: Other: Training|—|—|—|—|—||452|
|1629 - Parish: Other: Sundry|159|—|—|—|159||484|
|1630 - Parish: Other: Parish Retreat|—|—|—|—|—||(280)|
|1631 - Parish: Other: High-Fives|—|—|—|—|—||30|
|**_Expenditure on charitable_**|14,528|—|4,495|—|19,023||4,395|
|**_activities Totals_**||||||||
|**Expenditure Grand totals**|14,528|—|4,495|—|19,023||4,395|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
09 March 2021 Page 4
**Halesowen Parish Church St John the Baptist - 1132731**
## **Analysis of income and expenditure Selected period: 01 January 2020 to 31 December 2020**
|||||||**Total**||
|---|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**||**Last year**|
|**Income and endowments**||||||||
|**_Donations and legacies_**||||||||
|0001 - Gift Aid - Bank|32,062|—|—|—|32,062||19,273|
|0002 - Gift Aid - Envelopes|7,949|—|—|—|7,949||21,974|
|0003 - Other planned giving|3,803|—|—|—|3,803||4,308|
|0010 - Loose plate collections|739|—|—|—|739||4,372|
|0017 - One-off Gift Aid gifts|2,621|—|12|—|2,633||150|
|0020 - Donations appeals etc|1,403|485|1,063|—|2,951||5,276|
|0021 - Tax recoverable on Gift Aid|12,146|—|17|—|12,163||12,294|
|0025 - Legacies|—|—|—|—|—||11,985|
|0031 - One-off grants|—|—|—|—|—||405|
|0032 - Other funds generated|—|61|—|—|61||273|
|**_Donations and legacies Totals_**|60,722|546|1,092|—|62,360||80,310|
|**_Income from charitable activities_**||||||||
|0011 - Loose plate Baptism, Wedding|120|—|—|—|120||1,970|
|and Funeral||||||||
|0035 - Fundraising|—|1,745|—|—|1,745||9,566|
|0050 - Fees for weddings and funerals|1,304|—|—|—|1,304||3,381|
|**_Income from charitable activities_**|1,424|1,745|—|—|3,169||14,917|
|**_Totals_**||||||||
|**_Other trading activities_**||||||||
|0052 - Bookstall sales - fund raising|—|534|—|—|534||1,558|
|0054 - Church Hall lettings - fund raising|8,715|—|—|—|8,715||9,960|
|0201 - Income from Cafe|487|—|—|—|487||1,837|
|**_Other trading activities Totals_**|9,202|534|—|—|9,736||13,356|
|**_Investments_**||||||||
|0040 - Dividends|11|—|7,345|—|7,356||7,142|
|0041 - Bank and building society|89|176|246|—|511||833|
|interest||||||||
|**_Investments Totals_**|100|176|7,591|—|7,867||7,975|
|**_Other income_**||||||||
|0070 - Insurance claims|216|—|1,661|—|1,877||1,150|
|**_Other income Totals_**|216|—|1,661|—|1,877||1,150|
|**Income and endowments**|71,664|3,000|10,345|—|85,009||117,708|
|**Grand totals**||||||||
_**There may be minor discrepancies in the totals if the pence are not being shown**_
09 March 2021 Page 5
|||||||**Total**||
|---|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**||**Last year**|
|**Expenditure**||||||||
|**_Raising funds_**||||||||
|1010 - Costs of fetes & other events|—|1,183|—|—|1,183||3,951|
|2211 - Cafe expenditure|105|—|—|—|105||650|
|**_Raising funds Totals_**|105|1,183|—|—|1,288||4,601|
|**_Expenditure on charitable activities_**||||||||
|1030 - Giving - Parish Outward Giving|4,450|—|—|—|4,450||4,940|
|1032 - Giving - Relief agencies|—|205|—|—|205||200|
|1033 - Giving - Home mission|40|—|—|—|40||80|
|1034 - Giving - Secular charities|80|25|—|—|105||761|
|1040 - Parish Share|38,000|—|—|—|38,000||8,306|
|1041 - Parish Expenses|5,646|—|—|—|5,646||5,126|
|1051 - Church running - Bookstall costs|—|188|—|—|188||535|
|1053 - Church running - Electricity|2,014|—|—|—|2,014||3,324|
|1054 - Church running - Gas|3,834|—|—|—|3,834||5,308|
|1055 - Church running - Insurance|7,207|—|—|—|7,207||7,208|
|1057 - Church running - Maintenance|1,212|30|1,231|—|2,473||4,047|
|1059 - Church running - Organ / piano|—|—|535|—|535||—|
|tuning||||||||
|1060 - Church running - Organist fees|4,500|—|—|—|4,500||5,750|
|1062 - Church running - Telephone|400|—|—|—|400||372|
|1064 - Church running - Upkeep of|370|85|—|—|456||3,563|
|services||||||||
|1067 - Church running - Water|16|—|—|—|16||40|
|1075 - Church running - Sundries|—|144|—|—|144||220|
|1102 - Hall running - Cleaning|—|—|—|—|—||18|
|1103 - Hall running - Electricity|412|—|—|—|412||498|
|1104 - Hall running - Gas|715|—|—|—|715||1,159|
|1105 - Hall running - Insurance|520|—|—|—|520||531|
|1107 - Hall running - Maintenance|96|—|44|—|140||678|
|1125 - Hall running - Sundries|—|—|—|—|—||22|
|1202 - Bank/Professional Charges|—|—|—|—|—||81|
|1220 - Church major repairs - structure|—|266|6,284|—|6,550||844|
|1221 - Church major repairs -|19|524|—|—|543||946|
|installation||||||||
|1223 - Church major repairs -|—|—|1,452|—|1,452||780|
|consultancy fees||||||||
|2120 - Council tax|5,800|—|—|—|5,800||6,980|
|2170 - Education|—|12|—|—|12||—|
|2252 - Health & safety and security|290|4|2,186|—|2,480||1,346|
|2253 - Memorial book|198|—|—|—|198||122|
|2260 - Administration|—|101|—|—|101||210|
|2263 - School House - electricity|92|—|—|—|92||87|
|2265 - School House - insurance|716|—|—|—|716||662|
|**_Expenditure on charitable_**|76,628|1,584|11,732|—|89,944||64,743|
|**_activities Totals_**||||||||
|**Expenditure Grand totals**|76,733|2,767|11,732|—|91,232||69,343|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
09 March 2021 Page 6
**St Kenelm's DCC**
## **Analysis of income and expenditure**
## **Selected period: 01 January 2020 to 31 December 2020**
|**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**Total**
**This year**
**Last year**
**Income and endowments**
**_Donations and legacies_**
0001 - Gift Aid - Bank
8,625
—
—
—
8,625
8,556
0002 - Gift Aid - Envelopes
5,836
—
—
—
5,836
6,533
0003 - Other planned giving
179
—
—
—
179
574
0010 - Loose plate collections
577
—
—
—
577
2,265
0016 - Giving through church boxes
188
—
—
—
188
896
0017 - One-off Gift Aid gifts
3,920
285
—
—
4,205
2,955
0020 - Donations appeals etc
566
175
—
—
741
2,137
0021 - Tax recoverable on Gift Aid
4,876
—
—
—
4,876
4,730
0032 - Other funds generated
25
—
—
—
25
97
25,252
24,792
460
—
—
28,744
**_Donations and legacies Totals_**
**_Income from charitable activities_**
0011 - Loose plate Baptism, Wedding
and Funeral
135
—
—
—
135
1,422
0035 - Fundraising
797
—
—
—
797
4,311
0050 - Fees for weddings and funerals
3,103
—
—
—
3,103
3,427
4,035
4,035
—
—
—
9,161
**_Income from charitable activities_**
**_Totals_**
**_Other trading activities_**
0054 - Church Hall lettings - fund raising
2,002
—
—
—
2,002
8,099
0055 - Magazine sales
1,892
—
—
—
1,892
1,828
0056 - Magazine advertising
1,599
—
—
—
1,599
2,488
5,493
5,493
—
—
—
12,415
**_Other trading activities Totals_**
**_Investments_**
0040 - Dividends
952
—
8,065
—
9,017
8,754
0041 - Bank and building society
interest
77
—
—
—
77
96
9,094
1,028
—
8,065
—
8,850
**_Investments Totals_**
35,348
460
8,065
—
59,170
**Income and endowments**
**Grand totals**
43,873|**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**Total**
**This year**
**Last year**|
|---|---|
||8,625
—
—
—
8,625
8,556
5,836
—
—
—
5,836
6,533
179
—
—
—
179
574
577
—
—
—
577
2,265
188
—
—
—
188
896
3,920
285
—
—
4,205
2,955
566
175
—
—
741
2,137
4,876
—
—
—
4,876
4,730
25
—
—
—
25
97|
||5,493
5,493
—
—
—
12,415
952
—
8,065
—
9,017
8,754
77
—
—
—
77
96|
||9,094
1,028
—
8,065
—
8,850|
||35,348
460
8,065
—
59,170
43,873|
|**Expenditure**
**_Raising funds_**
1010 - Costs of fetes & other events
**_Raising funds Totals_**|59
—
—
—
59
230|
||59
59
—
—
—
230|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
09 March 2021 Page 7
|||||||**Total**||
|---|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**||**Last year**|
|**_Expenditure on charitable activities_**||||||||
|1030 - Giving - Parish Outward Giving|1,522|—|—|—|1,522||1,798|
|1031 - Giving - Mission societies|—|—|—|—|—||38|
|1033 - Giving - Home mission|40|—|—|—|40||40|
|1034 - Giving - Secular charities|25|—|—|—|25||121|
|1040 - Parish Share|25,671|—|—|—|25,671||25,168|
|1041 - Parish Expenses|2,549|—|—|—|2,549||2,383|
|1053 - Church running - Electricity|513|—|—|—|513||1,786|
|1055 - Church running - Insurance|—|—|1,079|—|1,079||1,062|
|1056 - Church running - Magazine|2,341|—|—|—|2,341||5,204|
|expenses||||||||
|1057 - Church running - Maintenance|—|—|—|—|—||1,986|
|1060 - Church running - Organist fees|1,860|—|—|—|1,860||2,210|
|1063 - Church running - Upkeep of|65|—|1,410|—|1,475||1,560|
|churchyard||||||||
|1064 - Church running - Upkeep of|173|—|—|—|173||177|
|services||||||||
|1065 - Church running - Verger fees|480|—|—|—|480||750|
|1075 - Church running - Sundries|190|1,131|—|—|1,321||311|
|1102 - Hall running - Cleaning|538|—|—|—|538||2,143|
|1103 - Hall running - Electricity|382|—|—|—|382||(35)|
|1104 - Hall running - Gas|787|—|—|—|787||954|
|1105 - Hall running - Insurance|—|—|720|—|720||708|
|1107 - Hall running - Maintenance|111|—|994|—|1,105||834|
|1117 - Hall running - Water|86|—|—|—|86||74|
|1125 - Hall running - Sundries|—|—|—|—|—||533|
|1221 - Church major repairs -|—|—|—|—|—||2,231|
|installation||||||||
|**_Expenditure on charitable_**|37,332|1,131|4,203|—|42,666||52,036|
|**_activities Totals_**||||||||
|**Expenditure Grand totals**|37,391|1,131|4,203|—|42,725||52,266|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
09 March 2021 Page 8
**Halas PCC St. Margarets**
## **Analysis of income and expenditure**
## **Selected period: 01 January 2020 to 31 December 2020**
|||||||**Total**||
|---|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**||**Last year**|
|**Income and endowments**||||||||
|**_Donations and legacies_**||||||||
|0001 - Gift Aid - Bank|19,162|—|—|—|19,162||16,145|
|0002 - Gift Aid - Envelopes|7,830|—|—|—|7,830||10,534|
|0003 - Other planned giving|7,982|—|—|—|7,982||9,546|
|0010 - Loose plate collections|645|—|—|—|645||2,329|
|0015 - Regular gift days|1,496|—|—|—|1,496||1,110|
|0016 - Giving through church boxes|96|—|—|—|96||271|
|0017 - One-off Gift Aid gifts|2,880|—|—|—|2,880||1,198|
|0020 - Donations appeals etc|2,532|—|—|—|2,532||4,184|
|0021 - Tax recoverable on Gift Aid|11,407|—|—|—|11,407||8,997|
|0025 - Legacies|10,500|—|—|—|10,500||—|
|0032 - Other funds generated|13|—|—|—|13||93|
|**_Donations and legacies Totals_**|64,543|—|—|—|64,543||54,407|
|**_Income from charitable activities_**||||||||
|0011 - Loose plate Baptism, Wedding|580|—|—|—|580||1,517|
|and Funeral||||||||
|0035 - Fundraising|—|—|—|—|—||1,494|
|0050 - Fees for weddings and funerals|482|—|—|—|482||1,530|
|**_Income from charitable activities_**|1,062|—|—|—|1,062||4,541|
|**_Totals_**||||||||
|**_Investments_**||||||||
|0040 - Dividends|4,129|—|—|—|4,129||4,009|
|0041 - Bank and building society|67|49|42|—|158||471|
|interest||||||||
|0042 - Rent from lands or buildings|139|—|—|—|139||1,119|
|**_Investments Totals_**|4,335|49|42|—|4,426||5,599|
|**Income and endowments**|69,940|49|42|—|70,031||64,546|
|**Grand totals**||||||||
|||||||||
|**Expenditure**||||||||
|**_Raising funds_**||||||||
|1010 - Costs of fetes & other events|—|—|—|—|—||698|
|**_Raising funds Totals_**|—|—|—|—|—||698|
|**_Expenditure on charitable activities_**||||||||
|1030 - Giving - Parish Outward Giving|3,562|—|—|—|3,562||3,622|
|1033 - Giving - Home mission|40|—|—|—|40||40|
|1035 - Giving - Other Grants|—|—|—|—|—||10|
|1040 - Parish Share|48,960|—|—|—|48,960||48,000|
|1041 - Parish Expenses|4,577|—|—|—|4,577||3,716|
|1052 - Church running - Cleaning|—|—|—|—|—||36|
|1053 - Church running - Electricity|452|—|—|—|452||672|
|1054 - Church running - Gas|1,961|—|—|—|1,961||2,892|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
09 March 2021 Page 9
|||||||**Total**||
|---|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**||**Last year**|
|1055 - Church running - Insurance|2,383|—|—|—|2,383||2,344|
|1057 - Church running - Maintenance|221|—|486|—|707||2,126|
|1059 - Church running - Organ / piano|—|—|—|—|—||314|
|tuning||||||||
|1060 - Church running - Organist fees|1,748|—|—|—|1,748||2,697|
|1061 - Church running - Parish training|391|—|—|—|391||331|
|and mis||||||||
|1064 - Church running - Upkeep of|1,630|—|—|—|1,630||889|
|services||||||||
|1065 - Church running - Verger fees|90|—|—|—|90||310|
|1067 - Church running - Water|133|—|—|—|133||93|
|1075 - Church running - Sundries|30|—|—|—|30||318|
|1220 - Church major repairs - structure|—|—|—|—|—||27,264|
|1222 - Church interior and exterior|—|—|—|—|—||440|
|decorating||||||||
|1223 - Church major repairs -|—|—|—|—|—||780|
|consultancy fees||||||||
|**_Expenditure on charitable_**|66,179|—|486|—|66,665||96,895|
|**_activities Totals_**||||||||
|**_Other expenditure_**||||||||
|1530 - Clergy Accomodation|—|—|—|—|—||97|
|**_Other expenditure Totals_**|—|—|—|—|—||97|
|**Expenditure Grand totals**|66,179|—|486|—|66,665||97,690|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
09 March 2021 Page 10
**St Peter's Cradley**
## **Analysis of income and expenditure**
## **Selected period: 01 January 2020 to 31 December 2020**
|**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**Total**
**This year**
**Last year**
**Income and endowments**
**_Donations and legacies_**
0001 - Gift Aid - Bank
10,160
—
—
—
10,160
9,630
0002 - Gift Aid - Envelopes
4,725
—
—
—
4,725
5,485
0003 - Other planned giving
1,324
—
—
—
1,324
800
0004 - GASDS Planned Giving
1,527
—
—
—
1,527
2,131
0005 - GASDS Loose Plate collections
363
—
—
—
363
2,980
0006 - Gift Aid - Parish Giving
1,130
—
—
—
1,130
—
0010 - Loose plate collections
192
—
—
—
192
110
0012 - Loose collections Baptisms etc
GASDS
208
—
—
—
208
1,961
0013 - Loose collections special
services GASDS
147
—
—
—
147
1,983
0017 - One-off Gift Aid gifts
38
—
445
—
483
906
0020 - Donations appeals etc
1,633
1,000
1,285
—
3,918
2,394
0021 - Tax recoverable on Gift Aid
4,617
—
137
—
4,754
6,155
0031 - One-off grants
—
—
1,000
—
1,000
3,000
0032 - Other funds generated
32
—
50
—
82
223
30,013
26,096
1,000
2,917
—
37,757
**_Donations and legacies Totals_**
**_Income from charitable activities_**
0035 - Fundraising
523
—
2,213
—
2,735
2,565
0050 - Fees for weddings and funerals
1,314
—
—
—
1,314
2,589
0501 - Christmas fayre
120
—
—
—
120
1,219
4,169
1,956
—
2,213
—
6,373
**_Income from charitable activities_**
**_Totals_**
**_Investments_**
0040 - Dividends
228
—
8,081
—
8,309
8,068
8,309
228
—
8,081
—
8,068
**_Investments Totals_**
**_Other income_**
0070 - Insurance claims
—
130
—
—
130
606
130
—
130
—
—
606
**_Other income Totals_**
28,281
1,130
13,210
—
52,803
**Income and endowments**
**Grand totals**
42,621|**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**Total**
**This year**
**Last year**|
|---|---|
||8,309
228
—
8,081
—
8,068
—
130
—
—
130
606|
||130
—
130
—
—
606|
||28,281
1,130
13,210
—
52,803
42,621|
|**Expenditure**
**_Raising funds_**
1010 - Costs of fetes & other events
**_Raising funds Totals_**|—
—
18
—
18
80|
||18
—
—
18
—
80|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
09 March 2021 Page 11
|||||||**Total**||
|---|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**||**Last year**|
|**_Expenditure on charitable activities_**||||||||
|1030 - Giving - Parish Outward Giving|972|—|—|—|972||2,109|
|1033 - Giving - Home mission|483|—|—|—|483||870|
|1040 - Parish Share|14,497|—|8,081|—|22,578||22,135|
|1041 - Parish Expenses|2,198|—|—|—|2,198||2,263|
|1050 - Church running - Alarm, CCTV|44|—|—|—|44||—|
|1052 - Church running - Cleaning|410|—|—|—|410||475|
|1053 - Church running - Electricity|573|—|—|—|573||294|
|1055 - Church running - Insurance|4,266|—|—|—|4,266||3,797|
|1057 - Church running - Maintenance|1,188|8,021|—|—|9,209||3,323|
|1058 - Church running - Oil|1,914|—|—|—|1,914||3,720|
|1059 - Church running - Organ / piano|—|—|80|—|80||150|
|tuning||||||||
|1062 - Church running - Telephone|205|—|—|—|205||—|
|1063 - Church running - Upkeep of|—|—|180|—|180||549|
|churchyard||||||||
|1064 - Church running - Upkeep of|639|21|—|—|661||753|
|services||||||||
|1065 - Church running - Verger fees|180|—|—|—|180||570|
|1067 - Church running - Water|133|—|—|—|133||93|
|1075 - Church running - Sundries|—|—|—|—|—||86|
|1103 - Hall running - Electricity|—|—|—|—|—||289|
|1220 - Church major repairs - structure|—|5,058|3,036|—|8,094||5,579|
|1221 - Church major repairs -|—|—|5,958|—|5,958||—|
|installation||||||||
|1223 - Church major repairs -|—|780|—|—|780||300|
|consultancy fees||||||||
|2531 - Childrens Activities|16|—|—|—|16||137|
|**_Expenditure on charitable_**|27,718|13,880|17,335|—|58,933||47,491|
|**_activities Totals_**||||||||
|**_Other expenditure_**||||||||
|2520 - Fabric Insurance|—|619|—|—|619||26,220|
|2540 - Bellringer fees|—|—|—|—|—||480|
|**_Other expenditure Totals_**|—|619|—|—|619||26,700|
|**Expenditure Grand totals**|27,718|14,499|17,353|—|59,570||74,271|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
09 March 2021 Page 12
## **ST PETER'S CHURCH LAPAL**
## **Analysis of income and expenditure**
## **Selected period: 01 January 2020 to 31 December 2020**
|||||||**Total**||
|---|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**||**Last year**|
|**Income and endowments**||||||||
|**_Donations and legacies_**||||||||
|0001 - Gift Aid - Bank|14,225|—|—|—|14,225||17,251|
|0002 - Gift Aid - Envelopes|3,689|—|—|—|3,689||4,039|
|0003 - Other planned giving|3,101|—|—|—|3,101||3,253|
|0004 - GASDS Planned Giving|140|—|—|—|140||—|
|0006 - Gift Aid - Parish Giving|375|—|—|—|375||—|
|0010 - Loose plate collections|102|—|—|—|102||1,113|
|0016 - Giving through church boxes|56|—|—|—|56||216|
|0017 - One-off Gift Aid gifts|1,519|—|—|—|1,519||618|
|0020 - Donations appeals etc|1,132|—|5|—|1,137||5,301|
|0021 - Tax recoverable on Gift Aid|5,678|—|—|—|5,678||6,582|
|0025 - Legacies|300|9,515|—|—|9,815||—|
|0032 - Other funds generated|133|—|—|—|133||638|
|**_Donations and legacies Totals_**|30,449|9,515|5|—|39,970||39,009|
|**_Income from charitable activities_**||||||||
|0011 - Loose plate Baptism, Wedding|126|—|—|—|126||749|
|and Funeral||||||||
|0035 - Fundraising|384|—|—|—|384||3,094|
|0050 - Fees for weddings and funerals|695|—|—|—|695||727|
|0053 - Church Hall lettings - objectives|—|3,069|—|—|3,069||7,676|
|**_Income from charitable activities_**|1,205|3,069|—|—|4,273||12,246|
|**_Totals_**||||||||
|**_Other trading activities_**||||||||
|0601 - Sales Table|—|389|—|—|389||1,181|
|**_Other trading activities Totals_**|—|389|—|—|389||1,181|
|**_Investments_**||||||||
|0041 - Bank and building society|4|30|6|—|41||72|
|interest||||||||
|**_Investments Totals_**|4|30|6|—|41||72|
|**_Other income_**||||||||
|0600 - Other Income|50|—|—|—|50||—|
|**_Other income Totals_**|50|—|—|—|50||—|
|**Income and endowments**|31,708|13,002|11|—|44,722||52,508|
|**Grand totals**||||||||
## **Expenditure**
_**There may be minor discrepancies in the totals if the pence are not being shown**_
09 March 2021 Page 13
|||||||**Total**||
|---|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**||**Last year**|
|**_Raising funds_**||||||||
|1010 - Costs of fetes & other events|203|—|—|—|203||777|
|**_Raising funds Totals_**|203|—|—|—|203||777|
|**_Expenditure on charitable activities_**||||||||
|1030 - Giving - Parish Outward Giving|1,082|—|—|—|1,082||2,534|
|1033 - Giving - Home mission|40|—|—|—|40||—|
|1034 - Giving - Secular charities|—|—|—|—|—||229|
|1035 - Giving - Other Grants|—|—|—|—|—||10|
|1040 - Parish Share|27,577|—|—|—|27,577||27,036|
|1041 - Parish Expenses|2,678|—|—|—|2,678||2,203|
|1052 - Church running - Cleaning|240|—|—|—|240||40|
|1053 - Church running - Electricity|292|—|—|—|292||399|
|1054 - Church running - Gas|1,247|—|—|—|1,247||1,712|
|1055 - Church running - Insurance|670|—|—|—|670||658|
|1057 - Church running - Maintenance|140|151|—|—|291||1,191|
|1059 - Church running - Organ / piano|—|—|—|—|—||240|
|tuning||||||||
|1060 - Church running - Organist fees|1,680|—|—|—|1,680||1,490|
|1061 - Church running - Parish training|117|—|—|—|117||348|
|and mis||||||||
|1063 - Church running - Upkeep of|247|—|—|—|247||116|
|churchyard||||||||
|1064 - Church running - Upkeep of|484|—|51|—|535||973|
|services||||||||
|1067 - Church running - Water|50|—|—|—|50||46|
|1068 - Church running - photocopier|432|—|—|—|432||432|
|1075 - Church running - Sundries|155|384|68|—|607||138|
|1102 - Hall running - Cleaning|—|800|—|—|800||1,040|
|1103 - Hall running - Electricity|—|292|—|—|292||399|
|1104 - Hall running - Gas|—|1,247|—|—|1,247||1,712|
|1105 - Hall running - Insurance|—|670|—|—|670||658|
|1107 - Hall running - Maintenance|—|166|—|—|166||73|
|1117 - Hall running - Water|—|50|—|—|50||46|
|1220 - Church major repairs - structure|—|4,590|—|—|4,590||—|
|1221 - Church major repairs -|—|549|—|—|549||2,707|
|installation||||||||
|1223 - Church major repairs -|—|—|—|—|—||780|
|consultancy fees||||||||
|**_Expenditure on charitable_**|37,130|8,898|119|—|46,147||47,212|
|**_activities Totals_**||||||||
|**Expenditure Grand totals**|37,332|8,898|119|—|46,350||47,988|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
09 March 2021 Page 14
**PAROCHIAL CHURCH COUNCIL OF HALAS**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **1 ACCOUNTING POLICIES**
## _Note_
The PCC is a registered charity, No. 1132731. The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP 2005.
The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value.
## **Funds**
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.
## **Incoming Resources**
_Voluntary income and capital receipts_ Collections are recognized when received by or on behalf of the PCC.
Planned giving receivable is recognized only when received.
Income tax recoverable on covenants or gift aid donations is recognized when the income is recognized.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due. Funds raised by fairs etc. are accounted for gross.
## _**Other ordinary income**_
Rental income from the letting of church premises is recognized when the rental is due.
## **Resources used**
## _**Grants**_
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. _**Activities directly relating to the work of the church**_
The diocesan quota is accounted for when payable, Any quota unpaid at 31 December,that the PCC/DDC intends to pay or expects to be able to pay, is provided for in these accounts as an operational (though not a legal) liability and is included in creditors on the Balance Sheet.
## **Fixed Assets**
## _**Consecrated land and buildings and movable church furnishings.**_
Consecrated and beneficed property is excluded from the accounts by s96(2)(a) of the Charities Act 1993.
No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which requires a faculty for disposal since the PCC considers this to be inalienable property, All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvements, is written off as expenditure in the SOFA and separately disclosed.
## _**Other fixture, fittings and office equipment**_
Equipment used within the church premises is depreciated on a straight line basis over 4 years. Individual items of equipment with a purchase price of £1000 or less are written off when the asset is acquired.
## _**Investments**_
Investments are valued at market value at 31 December.
## _**Current assets**_
## _**Income from investments**_
Dividends and interest are accounted for when receivable.
## _**Gains and losses on investments**_
Realised gains or losses are recognized when investments are sold. Unrealised gains and losses are accounted for on revaluation of investments at 31 December.
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible.
Short term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.
15 March 2021
Page 15
**NOTES TO THE FINANCIAL STATEMENTS**
## **RESERVES POLICY**
It is the Policy of the PCC that the Parish Office and each District Church shall endeavour to establish and maintain a reserve on their General Funds equivalent to two months of general running costs to cover unforeseen emergencies.
In addition, the Parish Office shall endeavour to establish and maintain a reserve sufficient to cover any costs incurred in maintaining the building of, and equipment in, the Parish Office.
Each District Church shall endeavour to establish and maintain a reserve on their building funds to cover any cost incurred on regular maintenance, or periodic maintenance identified by the Quinquennial inspection, of their Church Building.
District Churches which have other building(s) or lands,e.g. a Church Hall, shall endeavour to establish and maintain a reserve on their appropriate funds to cover any cost incurred on regular maintenance, or periodic maintenance, of their Building(s) or Lands. A similar reserve shall be derived for the Parish Office, which shall be apportioned to each church on the same basis as Parish Share.
Initially, the value of each reserve shall be submitted to the Parish Finance Committee for recommendation and reporting to the PCC for their approval.
Subsequently, the identification of any expense which may exceed, or seriously reduce, the associated reserve shall immediately be reported to the Parish Treasurer and Chairman of Parish Finance who, if required, will call a meeting of the Parish Finance Committee to discuss the implications of such reduction in reserves and to recommend any forward action required, while keeping the PCC Chair and Vice Chair fully informed.
The status of the various reserves shall be reported at least annually to the Parish Finance Committee for onward reporting to the PCC and the Parish Treasurer for inclusion in the Annual Report as required by the Charities Act.
## _REFERENCES:_
_PCC Accountability – The Charities Act 2011 and the PCC – 4[th] Edition_
_Stewardship Network Good Practice Guide: 2 – A Simple Guide to Parish Reserves Policies._
15 March 2021
Page 16
**NOTES TO THE FINANCIAL STATEMENTS**
## **2 STAFF COSTS**
2020 2019 Wages & Salaries 18,560 18,731
During the year the PCC employed 6 people. One earned more than £8500. They were employed as organists, choir leaders, cleaners and administrators. Three employees were members of the PCC. They were paid a commercial rate for work in administration.
## **3 AUDITOR’S REMUNERATION**
The auditor’s remuneration amounted to £1716 (2019 £1668) including VAT.
## **4 FIXED ASSETS FOR USE BY THE PCC**
_4(a) Tangible fixed assets_ **:-**
**High St St Peter’s Hall Total** 363 104027 104390
Lapal, St Peter’s Hall is shown at cost: High St represents a notional value of the freehold to part of the school premises.
## _4(b) Investments_
|**Church**|**Fund**|**Account**|**No of**
**Shares**|**Value**|**Previous**
**Value**|
|---|---|---|---|---|---|
|PCC|ClergyHouses|6101: CCLA - ClergyHouses Shares|16,069.19|329,214|308,032|
||Goodman
Trust|6102: CCLA - Goodman Trust
Shares|1,864|38,188|35,731|
|St John|General Fund|6201: CCLA - ClergyHouses Shares||388|311|
||Fabric Fund|6202: H'Owen PCC/Hackett/Maint
CH FAB & SER||24,066|22,511|
||Fabric Fund|6203: Frank Stevens/Thomas Lea
(Fabric Maint)||235,868|220,633|
||Fabric Fund|6204: Ellesmore/Clare Tildesley Beq
BelfryFnd||1,759|1,646|
|St Kenelm|Fabric|6301: Hackett Legacy|804|16,472|15,412|
||Churchyard|6302: Wagstaff Legacy|366|7,498|7,016|
||Churchyard|6303: Johnson Legacy|2|41|38|
||Herbert R
Haden
Memorial|6304: Herbert R Haden Memorial
Legacy|2,357.69|48,303|45,195|
||Fabric|6305: Rev E J Owen Legacies|132|2,704|2,530|
||Endowment|6306: Endowment Shares|854|17,496|16,370|
||Churchyard|6307: Mr L J Andrews Legacies|66|1,352|1,265|
||Fabric|6308: Fabric1|265|5,429|5,080|
||Fabric|6309: Fabric2|7,720|155,812|145,787|
||Herbert R
Haden
Memorial|6310: HRHM2|3,184.53|66,777|62,480|
|St Margaret|Bequest|6401: CCLA - Shares||32,343|29,552|
||Fabric Fund|6401: CCLA - Shares||77,250|73,166|
||General fund|6401: CCLA - Shares||37,522|35,206|
|St Peter,
Cradley|St Katherine|6501: CCLA St Katherine||288,475|269,914|
||Historic
Graves|6502: CCLA Twigg||2,356|2,204|
||Historic
Graves|6503: CCLA Oliver||5,798|5,425|
|**TOTAL**||||**1,395,111**|**1,305,504**|
15 March 2021
Page 17
**NOTES TO THE FINANCIAL STATEMENTS**
## **5 INTERNAL PARISH/ DCC ACCOUNTS**
Parish Expenditure is part funded by contributions from each DCC. Charges are made by the Parish in order to achieve a zero net movement in Parish funds (i.e. income = expenditure). These charges are either direct charges (for goods and services supplied to the DCC) or based upon Parish Share ratios (where goods and services are a shared benefit). The following tables show the status of the accounts between each DCC and the Parish. A negative figure indicates the amount owing to the Parish.
|2020|BroughtForward|Charges|Payments|CarriedForward|
|---|---|---|---|---|
|St John|2,728.78|5,646.45|2,771.22|-146.45|
|StKenelm|7.59|2,549.34|2,234.00|-307.75|
|StMargaret|3,086.96|4,576.74|2,313.04|823.26|
|StPeter, Cradley|989.87|2,198.13|1,470.13|261.87|
|StPeter,Lapal|1,872.99|2,678.37|1,247.01|441.63|
|Total|8,686.19|17,649.03|10,035.40|1,072.56|
## **6 FUND DETAILS**
|**Fund Name**|**Fund Type**|**Purpose**|
|---|---|---|
|**Parish Funds**|||
|General Fund|Unrestricted||
|Outward Giving Fund|Restricted|Funds collected by each church or donated centrally to|
|||be used for missionary purposes (see note 14).|
|Clergy Houses Fund|Designated|Holds the proceeds of sale of clergy housing. The PCC|
|||has designated the income to support the funding of the|
|||parish office.|
|Goodman Trust Fund|Endowment|Available for the benefit of young people in the parish.|
|Bishop's Mission - Brick Church|Restricted|Grant from Diocese|
|**St Peters, Cradley**|||
|General Fund|Unrestricted||
|Bloomer|Restricted|Upkeep of the altar in the church.|
|Chapman|Restricted|Given to support Bloomer Altar including altar cloth|
|||and consumables eg wine, wafers etc|
|Community Hub Phase 1|Restricted||
|Fabric|Restricted|Upkeep of the fabric of the church.|
|Historic Graves|Endowment|Income to maintain nominated graves|
|LewisDavies|Restricted|Used for supporting curate and general work re children|
|||and mission|
|OrchardMeadow|Restricted||
|Organ|Restricted|Monies for replacement organ|
|QuinQuennial|Designated||
|St Katherine|Restricted/End|Income to be used for mission eg Parish Share by|
||owment|agreement with WDBF|
15 March 2021
Page 18
## **NOTES TO THE FINANCIAL STATEMENTS**
**Fund Name Fund Type Purpose** Tower Clock Restricted
## **St Johns, Halesowen**
General Fund Unrestricted 1-3 club Designated 2020 Vision Fund Designated/Re Refurbishment of St Johns stricted Bellringers Fund Designated Bookstall Designated Clock fund Restricted Events Committee Designated/Re To be used according to the requests of the DCC. stricted Fabric Fund Restricted/End Upkeep of the church. owment Flower Guild Designated Friends of St John's Restricted Junior Church Fund Designated/Re stricted Music Fund Designated Support the activities of the choir in the church. Organ Maintenance Fund Restricted Upkeep of the church organ. Organ scolarship Fund Designated Pew Cushion Appeal Designated ST John Youth Group Designated Window restoration Fund Restricted
**St Margarets, Hasbury** General Fund Unrestricted Fabric Fund Endowment Upkeep of the church Bequest Fund Designated The development of the church.
**St Peters, Lapal** General Fund Unrestricted Bequest Fund Designated Designated for mission Choir Fund - JL Restricted For use by the choir of that church Fabric Fund Designated/Re Heating and music system stricted Flower Guild Restricted Hall Fund Designated Designated to the refurbishment of kitchen and help towards church costs Memorial Designated Legacies Fund Designated Money left to the Church in a Will **St Kenelms, Romsley** General Fund Unrestricted Churchyard Restricted/End Upkeep of the churchyard. owment Endowment Restricted/End To Ensure an Active Priestly Ministry in Romsley owment Fabric Restricted Maintenance of the Church Friends Designated Herbert R Haden Memorial Restricted/End Maintenance of Church Fabric and Provision of Interior owment Fittings
15 March 2021
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## **NOTES TO THE FINANCIAL STATEMENTS**
**Fund Name Fund Type Purpose** Magazine Designated To identify income and expenses of the Magazine Memorial Designated Mothers Union Designated Organ Restricted Upkeep of the Organ Project Designated/Re stricted
## **Unrestricted Funds:**
Money to be used at the discretion of the PCC/DCC in meeting their everyday expenses in furthering the mission and ministry of the Church.
For clarity, unrestricted and designated funds belonging to DCCs are treated as restricted funds when aggregated in the parish accounts as these funds can only be used by the DCC to which they belong.
## **Designated Funds:**
Unrestricted funds that have been designated by the PCC/DCC for a particular purpose. They may be redesignated or un-designated as the PCC/DCC so decides.
## **Restricted Funds:**
Funds given for a particular purpose and can only be used for that purpose.
## **Endowment Funds:**
Another form of restricted fund in which only the income from the capital can be spent or benefit gained from an asset as stipulated, and the capital or asset must be retained.
## **7 ETHICAL INVESTMENT POLICY**
An Investment Policy has been prepared, covering the parish policy on reserves and on funds in deficit. The PCC has a policy that funds are invested in CBF Church of England Funds. Central PCC funds are banked with Unity Trust Bank Plc, part of the Cooperative Bank Plc. Both the CBF and the Cooperative Bank Plc have declared policies on ethical investments.
## **8 GRANTS TO MISSIONARY WORK**
_The following grants were made from Mission funds in 2020:-_
|**Organisation**|**£**|
|---|---|
|Church Mission Society|1,462|
|Church Urban Fund|1,462|
|Churches Together Halesowen Welcome Group|1,462|
|Embrace the Middle East|1,462|
|Freedom from Torture|1,462|
|Friends of the Earth|1,462|
|Médecins Sans Frontières|1,462|
|St. Basil's|1,462|
|The Children’s Society|1,462|
|USPG|1,462|
|WaterAid|1,462|
|**Total**|16,082|
£11,586.83 was added to Mission Funds from funds collected in 2020.
15 March 2021
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## **NOTES TO THE FINANCIAL STATEMENTS**
Individual churches and organisations within the parish gave other amounts to charities during the year.
## **Calculation**
The amount each DCC contributes annually is calculated as 10% of the sum of income codes 0001 to 0010 for the financial year.
In 2020 two DCC's were allowed to reduce the percentage in the calculation to 5%
From 2021 the calculation will change to 10% of the sum of income codes 0001 to 0010, and 0021 for the financial year
## **9 OCCASION FEES**
During the course of the year the Parish Office collected and disbursed fees for weddings, funerals, cremations, burials, memorials, inscriptions, banns and renewal of vows as follows:
||**2020**|**2019**|
|---|---|---|
|**Recipient**|**Amount (£)**|**Amount (£)**|
|**Income**|||
|St John DCC|1,128.75|1,925.95|
|St Kenelm DCC|3,073.20|3,427.30|
|St Margaret DCC|431.90|1,729.65|
|St Peter, Cradley DCC|1,131.45|2,425.05|
|St Peter, Lapal DCC|718.25|981.35|
|PCC|6,793.40|10,850.95|
||**13,276.95**|**21,340.25**|
|**Agency Collection**|||
|Worcester DBF|15,389.05|16,081.75|
|Officiant||206.00|
|St John - Organist|600.00|2,470.00|
|St John - Choir|75.00|75.00|
|St John - Bellringers|160.00|1,275.00|
|St John - Verger|150.00|555.00|
|St Peters, Lapal - Organist|180.00|355.00|
|St Peters, Cradley - Organist|245.00|1,275.00|
||**16,799.05**|**22,292.75**|
|**On Account**|444.00|1,729.00|
|**Total**|**30,520.00**|**45,362.00**|
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**NOTES TO THE FINANCIAL STATEMENTS**
## **10 Parish Share**
During the course of the year the following Parish Share was paid.
|**DCC**|**Target**|**Paid**|**Unpaid**|
|---|---|---|---|
|St John|£63,314|£38,000|£25,314|
|St Kenelm|£25,671|£25,671||
|St Margaret|£48,960|£48,960||
|St Peter, Cradley|£22,578|£22,578||
|St Peter, Lapal|£27,577|£27,577||
|**Total**|**£188,100**|**£162,786**|**£25,314**|
Unpaid parish share has not been included in the accounts as a liability.
15 March 2021
Page 22
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FINANCIAL INDICATORS AND TRAFFIC LIGHTS**
|||**General**|**Reserves**|**Reserves**|||||**Building Reserves**|**Building Reserves**|||**Designate**
**d Funds**||**Permanent**
**Endowments**||**Overall**
**Indicator**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||||
|||||||||||||**not**
**included in**
**General or**
**Building**
**Reserves**|||**(non-**
**spendable**
**core capital**
**components)**|||
|||A|B|C|D|E|F||G|H|I|J||K|||L|
|||**Surplus**
**?**|**Deficit**
**?**|**General**
**Funds (incl**
**Hall Funds**
**where**
**appropriate**
**)**|**Minimu**
**m**
**Reserve**
**(2**
**months)**|
**General**
**Exceeds**
**Minumum**
**Reserve**
**Y/N?(C>D?)**|**Genera**
**l Funds**
**Reserv**
**e in**
**Years**
**(D/C)**||**Building**
**Funds -**
**Total**
**Spendable**
**(see note**
**1)**|**Minimum**
**Building**
**Reserve**|**Spendabl**
**e exceeds**
**minimum**
**Y/N?**
**(G>H?)**||||||**Green,Amber,**
**Red?**|
|||||||||||||||||||
|**SJ**|||4,173|9,575|21,500|N|2.3||57,498|28,500|Y|5,455||261,693|||**Amber/Red**|
|||||||||||||||||||
|**SK**|||2,043|17,397|7,000|Y|||164,731|30,000|Y|1,998||148,575|||**Amber**|
|||||||||||||||||||
|**SM**||3,366||15,810|11,000|y|||16,097|15,000|y|18,915||36,000|||**Green**|
|||||||||||||||||||
|**SPC**||159||14,929|5,746|y|||19,071|15,000|y|||296,629|||**Green**|
|||||||||||||||||||
|**SPL**|||1,624|9,884|8,000|Y|||11,993|8,000|Y|10,720||0|||**Amber**|
|||||||||||||||||||
|**PCC**||||7,060|5,363|Y|||3,500|3,500|Y|329,214||38,188|||**Green**|
15 March 2021
Page 23
## **NOTES TO THE FINANCIAL STATEMENTS**
All shown in £ except where specified
**Condition Green:** Annual Surpluses on General Fund and Minimum General and Building Reserves exceeded .
**i.e. covering operating costs etc and can afford to maintain its building. Currently financially satisfactory.**
**Condition Amber:** Annual Deficits on General Fund, but General _**and**_ Building Funds exceed Minimum Reserves.
**i.e. not covering operating costs etc, but has sufficient funds to carry on, and can maintain its building. At risk of future insolvency if financial weakness not addressed.**
**Condition Red:** Annual Surpluses or Deficits on General Fund, but General _**or**_ Building Reserves below Minimum.
**i.e. cannot, or in danger of not being able to meet, its operating costs etc, and/or cannot afford to maintain its building. Significant risk of insolvency.**
15 March 2021
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## **NOTES TO THE FINANCIAL STATEMENTS**
## **Summary of Spendable Funds**
||SJ||SK||SM||
|---|---|---|---|---|---|---|
||Unrestricted Restricted||Unrestricted|Restricted|Unrestricted|Restricted|
|Total income|74,664|10,345|35,808|8,065|69,988|42|
|Total expenditure|79,500|11,732|38,522|4,203|66,179|486|
|Net income / (expenditure) resources before transfer|-4,836|-1,387|-2,714|3,862|3,810|-444|
|Gross transfers between funds - in|21,953||410|1,135|||
|Gross transfers between funds - out|-21,953||-410|-1,135|||
|Gains / losses on investment assets|78|||11,608|4,313|4,879|
|Gains on revaluation, fixed assets, charity's own use|||||||
|Net movement in funds|-4,758|-1,387|-2,714|15,471|8,123|4,436|
|Total funds brought forward|62,688|62,167|22,110|174,706|96,875|52,416|
|Total funds carried forward|57,930|60,779|19,396|190,177|104,998|56,851|
||SPC||SPL||Parish||
||Unrestricted Restricted||Unrestricted|Restricted|Unrestricted|Restricted|
|Total income|29,411|13,210|44,711|11|33,177|1,015|
|Total expenditure|42,217|17,353|46,231|119|32,177|4,495|
|Net income / (expenditure) resources before transfer|-12,806|-4,142|-1,520|-108|1,000|-3,480|
|Gross transfers between funds - in|18,826||9,107||||
|Gross transfers between funds - out|-5,799|-13,026|-9,107||||
|Gains / losses on investment assets||||||21,182|
|Gains on revaluation, fixed assets, charity's own use|||||||
|Net movement in funds|220|-17,169|-1,520|-108|1,000|17,702|
|Total funds brought forward|34,042|46,685|35,056|1,910|9,560|345,854|
|Total funds carried forward|34,262|29,517|33,536|1,802|10,560|363,556|
## **Notes**
1 Spendable funds are all funds excluding endowment funds and SPL church hall valuation (£104k)
2 Restricted funds are those funds that have a restriction as to how they can be spent
3 Unrestricted funds have no restriction on how they can be spent and comprise of the general fund and all designated funds
15 March 2021
Page 25
## **NOTES TO THE FINANCIAL STATEMENTS**
## **Summary**
The Financial Indicator and Traffic Lights report shows what has happened in terms of running costs and building maintenance for the year, the reserves held for both costs and the likely number of years each reserve will last for the current deficit.
The Summary of Spendable Funds report shows where useable funds are held by each church and have they have changed over the year.
This has been a tough year due to the pandemic, where income has fallen across the board. Restrictions on expenditure have meant that the expected deficits are reasonable. This has been achieved by one DCC being unable to pay Parish Share in full and two DDCs restricting Outward Giving to 5% rather than 10%.
.
15 March 2021
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