2024-12-31-accounts

CharTty registration number: 1132731 HalasPCC Annual Report and Financial Ststements for the Year Ended 31 December 2024

HalasPCC Contents (continued) Reference and Administrative Detaits Trustees, Report 2to7 Statement of Tmstees. Responsibilbties Independent Examinefs Report Statement of Financial Activities 10t011 Balance Sheet 12 Notes to the Financial Statements 13to20

HalasPCC Refer8nce and Administrative Detsils Charity Registration Number 1132731 Principal Office The Parish Office St Margarets of Antioch Hagley Road Halesowen West Midlands B63 4QD Independent Examinèr Ballards LLP 11¢ Kingswood Road Hampton Lovett Droitwich Worcestershir8 WR9 OQH Page 1

HalasPCC Trustees. Report The trustees present the annual report together with the financial ststements of the chaiity for the year ended 31 December 2024. Objectives and activitios Objects and alms The primary objective of the charrty is the promotion in the ecdesiastical parish of the whole mission of the church. Public benefft The trustees have complied with their duty to have due regard to public benefit guidance published by Commission., the tTUStees consider that the chanty meets the public b8n8fft requirements of the Charities Act 2011 by carrying out its nomial a(*vitses. Page 2

HalasPCC Trustees. Report (continued) Achievements and perfomiance Annual Report of the Halas Parish for 2024 The Halas Team Ministry exists to seNe the people of the town of Halesowen and the districts of Cradley, Hasbury, Lapal, Romsley and Hunnington to prodaim the Kingdom of God in prayer, word, action. and lrfe through offering a distindly Anglican expression of the Christian faith. We hope to explain how this has been explored and expressed during 2024 in the Team and individual Church reports which follow. Whilst the Rector and Team Vicars remain unchanged. we have been delighted to see Rachel Homer ordained as priest and Sardh Tranter ordained deacon at Petertide in 2024, with Sarah due to be ordained priest in 2025. The renewal project, funded by StrategiG Mission & Ministry Investment Board {SMMIB) of the Central Church via our Diocese. has been a particular focus. In November we were delighted to welcom8 Clair8 Biggs, our New Worshipping Communiti'es c￿OrdinatOr. Initial ¢oncems and issues with the logistics of payroll, national insurance. pensions etc. have thankfiJlty all been ironed out - and lessons 18arned by the Diocesan team are helping to prevent such issues arising wilh other funding recipients. Claire settled in very well and has been working alongside Rev Hazel to develop a strategy working towards increasing the average weekty attendance in our churches, doubling how many children engage with us and becoming a training hub for olher r8newals in the dioc8se. Claire is very much a team player and has explored the five churches in our parish. whilst still worklng out of St John the Baptist Church in the town centre. We are working with local schools more, have a new worshipping communty tM)th in church and in the local communty and have been invited to join in with ¢ommunity events at the local further education college. Our volunteer base is growing as we continue to create interest in new services and projects for all ages. There are regular updates to the newly fomied renewaSs steering group and PCC and quarterly dats for SMMIB and attendance of key statt to training and support sessions provided by the diocese. The tenders for the installation of toilets at St John's came in significantty higher than anlicipat8d, leaving a funding gap be￿een that and the SMMIB fvnding plus the money Sl John's had already raised. However the PCC generously agreed to make a gtft to St John's lo make up the shortfall, which allowed the order lo b8 placed for the works to Commence before the end of the year. Page 3

HalasPCC Trustees. Report (continued) We are reminded that God is calling all of us to Christian Ministy. whether that be working behind the scenes or in an authorized or licensed role. Eno)uraging people to explore the roles to which God may be calling them is an ongoing ptiority for our lrfe iogether. We continue to work closety wtth and pray for the staff and pupils at the Church Schools within our Parish, and indeed wrth all schools viithin our Parish to the exlent we are able. We continue to review our obligations under the General Dats Protection RegulatFons, and to ensure that all our work with young people and vulnerable adults is carried QLrt in accordance with Parish policies, and that those policies are themselves kept in accordance with c￿J￿ent Diocesan guidelines for safeguarding, safer recrurtment, and ernplo￿nent. We are enoThously gralefvl for all those Involved with this ongoing and Increasingly complex and demanding work. We continue to monitor our finances. with regular finance committee meets'ngs throughout the year. Income continues to be a concern, though we havè hope that the project at St Johns will over time have a signtficant impact not just at St John's but across all our Ghurches. We rJ)ntlnue to struggle to find volunteers for lay roles. particularty churchwardens. Faith and hope are God's gift to us all - both through our indr¥idual relationships with God, but also through the encouragement we receive from the dedication, passion and gtfts offered in service by ihe people of our team lay, ordained, paid, voluntary, licensed, and Unli￿nSed in a huge number and variety of roles in our lives together. We are blessed by all of Ihem and offer our profound thanks lo them. Hazel Chartlon - Rector Jonathan Spenc8r- Lay Chair Page 4

HalasPCC Trustees. Report (continued) Financial review Policy on r•s•Th•s 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 lo cover unforeseen emergencies. In addition. the Parish Office shall endeavour to establish and maintain a reSe￿e sufficient to cover any costs incurred in maintaining the building of. and equipment in. the Parish Office. Each Distn'ct Church shall endeavour to establish and maintain a reserve on their building funds to Gover any cost incurred on regular rna1ntenan￿. or perKidic maintenance identified by the Quinquennial inspection, of their Church Building. District Churches whlch have other buildings or lands. e.g. a Church Hall, shall endeavour to establish and maintain a reser48 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 submrtted to the Parish Finance Committee for recommendation and reportlng to the PCC for thelr approval. Subsequently, the identification of any expense which may exceed, or seriously reduce, the aSso￿ated reserve shall immediately be reported to the Parish Treasurer and Chaimian of Parish Finance who, rf required. wlll 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 Wice Chair fvlty infomied. 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 indusion in the Annual Report as required by the Charrties Acl. Structure. govornanGe and management Naturn ofgoverning do¢um•nt The goveming 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 tharty is carried out by the m8mbors of the PCC, all of whom are also trustees. Recwltment and appointment of tmstees 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 folltrm'ng seprfed 8$ members of the PCC: Page 5

HalasPCC Trustees. Report (continuedl Rector and Chair of PCC Hazel Charlton Lay Ghair and Wice Chair of the PCC Jonathan Spencer Also Deanery Representative Llcensed Clergy in the Team Hazel Chartton wi￿r for St John's Halesowen Melissa Beynon Mthr Wictoria Barlowvicar for Hasbury and Cradley Christopher Hensonwicar for Lapal and Romsley Parish Curate Churchwardons Paul Millward Cradley Chrtstine Adshead Cradley Anita Gadd Lapal Halesowen Sirnon Eason David Hobbis Hasbury Lapal Halesowen David Scotton Susan Harding John Hall Hasbury Romsl8y Romsley Vacant Vacant D?anory Synod Repre•entatlvo8 Eva Fleld Lapal Romsley Romsley Hasbury and also Diocesan Synod Hasbury Jonathan Spencer Halesowen David Scotton Lapal Roy Bicknell Lapal Selina Troman8 Bemard Pridden John LaY￿n David Hobbis Elected Lay Representatives Sharon Tumer Cradk8y Lapal Cradley Hasbury and asso DeanerylDiocesan Synod Lapal Romsley Hasbury Halesowen Susan Bicknell Lynn Steward Alan Hughes Sarah Long L￿da Barrows Janet Gazey Ann Shackleton Sarah Tumer Halesowen Page 6

HalasPCC Trustees. Report (continued) Parish Safeguarding Officer Melanie Case Chair of PCC FlnanGe Committee Roy Bicknell Non-votlng Membe Revd Susan Hale Canon Judlth Oliver Susan Cresw811 Pat Hall Sally Spencer Charles Morgan Karen Janette Chaplin Revd Rae Homer PCC Treasurer Roy Bicknell Alan Hughes PCC Socrotary Th6 annual r8POrt was approved by the trustees of the charfty on ... behall by: 7éLland signed on its harlton Trustee Page 7

HalasPCC ststement of Trustees. Responsibi1ft10s Th8 twstees are responsible for preparing the trustees, report and the financial ststements in aC￿rdan￿ with the United Kingdom Accounting Standards (Unfted lfjngdom Generally Accepted Accounting Practice) and applicabk law and regulations. The law applicable to charities requires the trustees to prepare financial ststem8nts for each financial year which giv8 a true and frair view of the state of affairs of the charity and of the incoming resource8 and application of resources of the tharity for that period. In preparing these financial statements, the trustees are required to: select suitsble accounting policies and then apply them consistenty, observè thè methods and principles in the Chwities SORP". make judgements and estimates that are reasonable and prudent". state whelher applicabl• accounting standards have been followed. subject to any material departures discjosed and explained in the financial statements. and pr8parè the financial statements on the going ￿nCeffl ba515 unless It18 Inapproprlats to presume that the tharity wlll continue in business. The truste8s are r8sponsible for keeping proper a(*ounting re￿rdS that disdose 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, th8 Charities (Acuunts and Reports) Regulations 2008, and the provisions of the constitution. The tnjstees are also responsible for safeguarding the assets of the charity and hence for taklng reasonabJ8 Steps for th8 preventton and detection of fraud and other irreaularilies. The trust88s are responsible for the maintenance and Integrity of the corporate and financial Information includ8d on the charitable companls webslte. Legislation goveming the preparation and dissemination of financial statements may dtffer from legislauon In otherjurfsdlctlons. Approved by the tru8te88 of the tharity on &) - and signed on its behalf by: Hazel Trustee rlton Page 8

HalasPCC Independent Examinerfs Report to the trustees of Halas P C C I report to the trustees on my examination of the accounts of Halas P C C for the year ended 31 December 2024. Re8pon8ibilIti￿ and basis of roport As the charity trustees of Halas P C C you are responsibk for the preparats'on of the accounts in accordance with the requirements of the Charities Ad 2011 ('the Ad.). I report in ￿Spect 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 ACL Independent examinerfs statement Since Halas P C C's gross income exceeded £250.0(K) your examiner must be a member of a body listed in section 145 of the 2011 Ad. I confim that l am qualtfied to undertak8 the examination because l am a member of . whtth is one of the listed bodies. I have completed my examination. I confinn that no materSal matters have come lo my attention in connection with the examination giving me cause to believe Ihat in any material respect.. accounting records were not kept in re8peci of Hala$ P C C as required by soction 130 of the Act: or 2. the accounts do not accord wtth those record8: or 3. the 8ccounts do not comply with the accounting requirements conceming the fomi and content of accounts set out in the Charities (A￿UnIS and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view vthith is not a matter considered as part of an independent examination. I have no concerns and have come a￿0$$ no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper undetstsnding of the aGcounts to be reached. M A Skellum FCA 11 c Kingswood Road Hamplon Lovett DrO1￿1¢h Worcestershlre WR9 OQH Date....... Page g

HalasPCC Statement of Financlal Activities for the Year Ended 31 December 2024 Unrestrictsd funds Restrlcted funds Endowment funds Total 2024 Note Income and Endowment5 from: Donations and legacies Charitab18 actNitie6 Other trading actsvth'es Investrnenl income Other income 399.165 33.850 30,983 22,592 23.162 36,142 435,307 37.896 30.983 53.060 107,562 30.218 83,784 250 616 Totsl income 509.752 154,190 866 664,808 Expondlture on: Raising funds Charitable activI￿e8 (1.993) 439.912 (70) 132.731 (2,063) 572,843 Total expenditure GainsAosses on investment assets (441,905) (132.801) (574,708) 9.839 14,038 10.070 33,945 Nel income Gross transfers between funds 77.686 35,425 10.936 124,047 127 127 Net movement In funds 77,813 35.298 10,936 124.047 Recon¢lllatlon of fund• Total funds brought forward Tolal funds carried forward 319.912 855.753 827,770 2,003,435 397,725 891,051 838,706 2,127,482 The notes on pages 13 to 20 fomi an integral part of these financial ststements. Page 10

HalasPCC ststement of Financial Actlvltles for the Year Ended 31 December 2024 {continued) Unrestricted fvnds Restricted funds Endowment funds Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Other trading adivities Investment income Other income 334.765 40.959 24,916 29.456 17,444 71.989 5.178 406,754 46,135 24,916 52,212 17,564 22,756 120 Total incom8 447.540 100,041 547,581 Expendlture on: Raising funds Charitable activities (2,393> 414,368 (64) 78.364 (2,45n 4gYI.732 Total expenditure Gainsllosses on investment assets (416.781) (76.428) (493,189) 8,435 82,468 42.927 131,830 Net income Gross transfers between funds 37.214 106.081 42,927 186,222 1,500 Not movement in funds 35.714 107,581 42.927 186.222 Re¢on¢iliatson of fund* Total funds brought forward Totsl funds carried forward 284.198 748.1n 784.843 1,817,213 319.912 855,753 827.770 2,003,435 All of the tharity's activtties derive from contlnulng op8rations during the above Iwo periods. The funds b￿akdOWn for 2023 is shown in note 9. The notes on pages 13 to 20 form an integral part of Ihese finanaal statements. Page11

HalasPCC (Registration number: 1132731) Balance Sheet as at 31 December 2024 2024 2023 Note Fixed assets Tangible assets Investments 104,390 1.511.574 1.615,964 104.390 1,526.366 1.630.756 Curront a•80ts Debtors Cash at bank and in hand 9.683 508,599 23,035 354,034 518.282 377.069 Crgditorn: Amounts falllng duo wlthln one year Not curr•nt as•ets 6.764 4.390 511.518 372.679 Not assets 2.127,482 2,003.435 Funds ofthe charlty: Endowment funds 838.71 827,770 Rostrlct8d Income funds Restricted funds 891.051 855,753 Unrestrlcted Income fund• Unrestricted funds 397.725 2.127,482 319,912 2,003,435 Total funds The financlal statements on pages 10 to 20 were approved by the trustees, and authorised for Issue on 22...s...z.S. and signod on their behalf by. Hazel Trustee arlton The notes on pages 13 to 20 fonn an integral part of these fmanaal statements. Pag8 12

HalasPCC Notes to the FAnancial Statements for the Year Ended 31 December 2024 1 AGcounting policies Statsment of compllance The financial statements have been prepared in accordance with Accounting and Reporting by ChaTities.' Statement of Recommended Practice applicable to charitres 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 Chaiilies Act 2011. Basls of preparation Halas P C C meets tha definition of a public benefit entrty under FRS 102. The a(xounts (financial statements) have been prepared under the historical cost ￿nVention with tlems recognised at cost or transaction value unless otherwise ststed in the relevant note(s) to these accounts. Exomption from preparing a cash flow statsment The charity opted to eaty adopl Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial ststements. Income and endowments Donations and lega¢ie• Donations and legacies are recognisod on a receivable basis when receipt is probable and tho amount can be reliably measured. Grants receivable Grants are recognised when the charity has an entttlement to the funds and any conditions linked to the grants have been met. Where perfomiance condrtions are attadied to the grant and are yet to be met. the income 13 recognised as a liabilty and induded on the balance sheet as deferred income to be released. Gift ald Incomlng resources from tsx reclaims are Induded In the Statement of Flnanaal Activities 8t the same time as the gift to which they relate. Expenditure All eX￿ndItUre is recognised On￿ there is a legal or con$tnJctive 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 aggf8gate similar costs to that category. Where ￿$1S cannol be directly attribuled to particular headings they have been allocaled on a basis consislent with Ihe uso of resources. with central staff cosls allocated on the basis of time spenl, and depreci81ion charges allocated on the portion of the assevs use. Other support costs are allocated based on the spread of staff costs. Page 13

HalasPCC Notes to the Flnancial Statements for the Year Ended 31 December 2024 (continued) Charitable activities Charitable expenditure comprises Ihose wsts inCu￿ed by the Qhatlty in the delivery of its activities and services for its benefiaaries. It indudes both costs that can be allocated directly to such activities and those costs of an indirecl nature necessary to support them. Tangible fixed assets Consecraled and beneilce propety is excluded from the aCeA)unts by provisions of the Charitl8s Act 2011. No value is placed on movable church fumishings heid 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. AU expenditure incurred during the year on consecrated or benefi￿ buildings and movable church furnishings. whether rnaintenance or improvements. is written off as expenditure in the SOFA and $8parately disclosed. Flxed asset investrnents Fixed asset investments, other than programme related investments, are indud8d at market value at the balance sheet date. Realised gains and losses on investments are calculated as the dIffe￿nCe between sales proceeds and their market value al the start of the year. or their subsequent cost. and are charged or credited to the Statement of Financial Activib'es 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 Finan￿al Activrties based on the market value at thé year end. Fund structure Unrestricted income funds are general funds Ihat are availab5e for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income fvnds 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 Trustees remunerntion and oxp•nses During the year the charity made the following transactions with trustees.. Clergy expenses of £8.960 (2023 - £6,107) were paid in the year. No trustees. nor any persons connected wrth them. have received any remuneration from tha charity during the year. No trustees have re￿iVed any other beneffts from the chan'ty during the year. Page 14

HalasPCC Not8S to the Financial Statements for the Year Ended 31 December 2024 (continued) 3 Taxation The charlty is a registered charity and is therefore exempt from taxatson. 4 Tangible fixod assets Land and bulldings Total Cost At 1 January 2024 Al 31 Dec8mb8r 2024 104.390 104,390 104,390 104,390 Depreciotion At 31 D8cember 2024 Net book value At 31 December 2024 104,390 104.390 At 31 December 2023 104.390 104,390 S Flxed a8set Inve8bnonts 2024 2023 Other investments 1,511,574 1,526,366 Page 15

HalasPCC Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) Other investm•nts Llsted investments Total Cost or Valuatlon At 1 January 2024 Revaluation Disposals 1.526.366 1.526.366 33.945 33,945 48,73 48,73 At 31 December 2024 1,511.574 1,511,574 Not book value At 310ecember 2024 1,511,574 1,511,574 At 31 December 2023 1,526,366 1,526,366 6 Debtorn 2024 2023 Other debtors 9,683 23,035 7 Ca8h and ¢a8h equivalents 2024 2023 Cash at bank 508.599 354,034 8 Credltor8: amounts falllng duo wlthln on• year 2024 2023 Other creditors 6,764 4,390 Page 16

HalasPCC Note8 to thè Financlal Statements for the Yoar Endgd 31 DeceM￿r 2024 {contlnuadl FundB Balanc• at 31 1 J•nu•ry Incomlng R•¥ourc rKognl•ed D8￿mbar 2024 rmour¢￿ expeThl•d TrnMf8v8 gajn￿lI0*•￿l oth 2024 Unrn•trfcl•d fvnd• Gon•rnl Unrèstrfcaèd fvndB 31#.#12 5LAI.752 I441.￿) 127 9,839 397.725 Rejtrlctad lund• R88tri¢ted funds 85S.753 154,1 {132.8011 112T) 14.038 891.051 Endowmwrt fund• Expend8ble Endowmerrt fund• 827,770 10,070 838,708 838,708 ,770 10,070 Total fund• 574,706 33,945 2,127,482 P•p 17

Hala$PCC Note8 to the Flnanclal statsments for the Year Ended 31 December 20241contlnued Balancg ot 31 Oecgmbor 2023 £IA• r••t&t•dl Oth•r 8•nc• at 1 Inwnlng Rowur¢•• TrnnBf•r• gaIn￿lI0￿MI Unr••trfet•d fvrtd• Gonornl Unre$lrtted fund8 284.198 447.540 (418.7811 11.5CQ) 8,435 319,912 R88trlthd Rg$tnGled fvl 748,172 1(￿).041 178.08) 855,753 Endowmènt fundi Expendable Endowrnent fvnds 784.843 42, 827,770 827 770 784.843 42,927 Total lund• 1,817.213 493.189 131.830 2.003,435 PJe 18

HalasPCC Notes to the Financial Ststements for the Year Ended 31 December 2024 (continued) 10 Analysis of not assots betwgon funds Unrestrlcted Endowment 2024 Total funds General Restrlcted Expendable Tangible fixed assets Fixed asset investments Currenl assets Current liabilities 104,390 683,943 126,215 5.321 104,390 1,511.574 518,282 6.764 35.545 363,621 792.086 28.446 Total net assets 397.723 909,227 820,532 2.127,482 un￿trIcted Endowment 2023 Totsl funds G•n•rnl Rgstrlctod Expgndablo Tangible fixed assets Fixed asset investfflents Current assets Current liabilities 104,390 672,890 82.613 4,140 104,390 1.526.366 377,Ch89 4.390 25.707 294.456 250 827.769 Total net assets 319.913 855.753 827,769 2,003,435 Page 19

HalasPCC Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 11 Analysis of net funds At31 December 2024 At 1 January 2024 Flnancing ca¥h flows Cash at bank and in hand 354.034 154,565 508,599 Net debt 354.034 154,565 508,599 At31 December 2023 At 1 January 2023 Financing cash flows Cash at bank and in hand 309.967 44,067 354,034 Net debt 309,967 44,067 354.034 12 Related party trdnsactlon• There were no relaled party transactions in the year. Page 20