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2022-12-31-accounts

Charity registration number 1132777

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Consolidated accounts incorporating the churches of All Saints, Bromsgrove Christ Church, Catshill with St Luke’s, Marlbrook Holy Trinity & St Mary, Dodford St Godwald, Finstall St John the Baptist, Bromsgrove with St Andrew's, Charford St Michael & All Angels, Stoke Prior St Mary de Wyche, Wychbold St Michael, Upton Warren

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

CONTENTS

Page
Annual report 1 - 8
Independent examiner's report 9
Statement of financial activities 10 - 11
Balance sheet 12
Notes to the financial statements 13 - 26

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2022

Governance

The Parish of Bromsgrove comprises six Districts: All Saints, Bromsgrove; Christ Church, Catshill with St Luke, Marlbrook; Holy Trinity and Saint Mary, Dodford; St Godwald, Finstall; St John the Baptist with St Andrew, Bromsgrove; and finally, St Michael and All Angels, Stoke Prior, St Mary de Wyche, Wychbold and St Michael, Upton Warren. The Governance of the Parish is determined by the Mission and Pastoral Measure 2011, the Scheme dated 12[th] April 2022 (effective, 1 May 2022), and the Church Representation Rules (2020). The PCC is a registered charity, #1132777.

Objective

The PCC works with the clergy, churchwardens and District Church Councils to promote the whole mission of the Church in Bromsgrove through worship, pastoral care, evangelism, social and ecumenical activities.

Membership of the PCC

Members of the PCC are appointed in accordance with the Pastoral Scheme and the Church Representation Rules (2020).

Role Name Dates served Appointment Status Other roles
Clergy
Team Rector Revd David Ford 01.01.2022- Ex-officio
Team Vicar Paula Honniball 01.05.2022- Ex-officio
Team Vicar Revd RayKhan 01.01.2022- Ex-officio
Team Vicar Revd
Bev
Robertson
01.01.2022-
31.12.2022
(retired)		 Ex-officio
Associate Priest Revd Janet Hatton 01.01.2022- Licensed Clergy
Curate Revd
Richard
Sandland
01.07.2022-		 Licensed Clergy
Churchwardens
All Saints Susan Bryant 01.01.2022-
31.12.2022		 Elected annually
Susan Ward 01.01.2022-
31.12.2022		 Elected annually
Christ Church with St
Luke
David Coulson		 01.01.2022-
31.12.2022		 Elected annually
Pat Hackett 01.01.2022-
31.12.2022		 Elected annually Deanery Synod
Holy Trinity and St Mary Dorothy
Woodhouse		 01.01.2022-
31.12.2002		 Elected annually
St Godwald’s Vacancy
Vacancy
St John with St Andrew Vacancy
Vacancy
St Michael and All Angels,
St Mary de Wyche, St
Michael

June Crofts		 01.01.2022-
29.05.2022
Vacancy

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

LLMs
All Saints Rosemary Sumner 01.01.2022-
29.05.2022		 Authorised to attend
by virtue of APCM
resolution 10.01.2013


Deanery Synod
Christ Church Geoff Westwood 01.01.2022-
29.05.2022		 Authorised to attend
by virtue of APCM
resolution 10.01.2013


Treasurer,
Christ
Church
St Godwald’s Janet Hewer 01.01.2022-
29.05.2022		 Authorised to attend
by virtue of APCM
resolution 10.01.2013


Deanery Synod
St John’s Hilda Roxborough 01.01.2022-
31.12.2022		 Authorised to attend
by virtue of APCM
resolution 10.01.2013
and then elected on
29.05.2022
as
representative
of
LLMs in theparish




**Deanery Synod Reps **
All Saints Clare Brampton 2020-2023 Fixed term triennium
RosemarySumner 2020-2023 Fixed term triennium LLM
Christ Church Pat Hackett 2020-2023 Fixed term triennium Churchwarden, Christ
Church
St Godwald’s Janet Hewer 2020-2023 Fixed term triennium LLM
St John’s John Jackson 2020-25.02.2022
(deceased)		 Fixed term triennium PCC,
Associate
Treasurer,St John
Members
elected
by
ADCMs
All Saints Vacancy
All Saints Vacancy

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

All Saints Suzanne
Thompson		 01.01.2022-
APCM 2025		 Elected by DCC and
then elected by DCC
in accordance with
APCM
Resolution,
30.05.2021



Parish Safeguarding
Officer
Christ Church Vivien Bedford 2020-29.05.2022
(resigned)		 Elected by DCC PCC Secretary
Christ Church Eleanor Newbold 01.01.2022-
APCM 2025		 Elected by DCC; then
elected by DCC in
accordance
with
APCM
Resolution,
30.05.2021



Parish Safeguarding
Officer
St Godwald’s Catherine Maund 2020-29.05.2022 Elected byDCC
St Godwald’s Norman Hewer 01.01.2022-
APCM 2025		 Elected by DCC; then
elected by DCC in
accordance
with
APCM
Resolution,
30.05.2021


Holy Trinity and St Mary Sally Gale 29.05.2022-
APCM 2025		 Elected by DCC in
accordance
with
APCM
Resolution,
30.05.2021

St John with St Andrew Jonathan Little 01.01.2022-
29.05.2022		 Elected by DCC DCC Treasurer
St John with St Andrew Bob Powell 01.01.2022-
29.05.2022		 Elected by DCC Deputy
Churchwarden,
St
Andrew
St John with St Andrew Malcolm Walters 2019-29.05.2022 Elected byDCC
St John with St Andrew Ian Reading 29.05.2022-
APCM 2025		 Elected by DCC in
accordance
with
APCM
Resolution,
30.05.2021

St Michael and All Angels,
St Mary de Wyche, St
Michael

Michelle Bovey		 12.09.2022-
APCM 2025		 Elected by DCC in
accordance
with
APCM
Resolution,
30.05.2021

Co-opted Members
Christ Church, Catshill Geoff Westwood 29.05.2022-
31.12.2022		 Co-opted annually Treasurer,
Christ
Church
St John with St Andrew Jonathan Little 29.05.2022-
31.12.2022
(resigned)		 Co-opted annually Treasurer, St John’s

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

Principal Office

c/o St John’s Church Office 14 Kidderminster Road Bromsgrove Worcestershire B61 7JW

Board of Trustees

Until 29[th] May 2022, the Board of Trustees comprised:

Team Rector Team Vicars Licensed Clergy Churchwardens (nominated by each District and their respective Annual District Church Council meeting) LLMs (also known as Readers)

Three elected lay representatives of each District (elected by each District and their respective Annual District Church Council meeting)

Parish Treasurer District Treasurers Deanery Synod Representatives

From 29[th] May 2022, the Board of Trustees comprised:

Team Rector Team Vicars Licensed Clergy Churchwardens (nominated by each District and their respective Annual District Church Council meeting) One LLM (also known as Readers) elected from amongst the body of LLMs

One elected lay representative of each District (elected by each District and their respective Annual District Church Council meeting for a three-year term)

Deanery Synod Representatives (elected for three-year term)

Any co-opted members who are accorded full voting rights.

Delegated Management

The PCC and Board of Trustees meet no less than four times a year. In between meetings of the PCC and Board of Trustees, day to day management is delegated to the PCC Standing Committee in accordance with the Church Representation Rules.

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

ANNUAL REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

2022 Core Achievements

2022 witnessed the emergence of the parish from the worst effects of the pandemic, and a sustained effort by all Districts to advance the care of our buildings, improve our finances and engage in outreach and mission. However, as our financial reports detail, 2022 was another very difficult year financially with the overall strength of the parish significantly diminished due to the many calls upon its resources.

After months of work, it was a delight at the beginning of May to welcome finally the church communities of Dodford, Stoke Prior, Wychbold and Upton Warren into Bromsgrove Parish and especially to welcome Revd Paula Honniball as Team Vicar. It is already clear that there are benefits for smaller church communities becoming part of a larger family of churches as we can take advantage of economies of scale and pool the very considerable experience that we hold amongst us.

During the year we lost some very significant contributors to the life of the PCC. It is with great sadness that we record the death of John Jackson in February whose many roles in our common life include that of Treasurer at St John’s. A number of PCC members resigned during the year either due to competing responsibilities or house moves. Others left the PCC due to changes in our constitution. We record with thanks the service of Jonathan Little, Vivien Bedford, Neil Cramb, Shan Moule, Bob Powell, and Malcolm Walters. Of particular significance, was the retirement announcement of Revd Bev Robertson, Team Vicar of Dodford and Catshill. Bev has held a number of roles in the parish during her 12 years in Bromsgrove; she will be missed for her excellence in pastoral care and for the richness of her creativity and spirituality.

The PCC met six times during the year and at each meeting tried to focus on a different area of our mission and ministry. In January we endeavoured to make a positive start to the year by considering health and safety, finance and the new year plans of individual Districts. In March there was a particular focus on finance and the new Service Level Agreement under which the youth project, ReachOut Bromsgrove, will be managed operationally by the Bromsgrove Youth and Community Hub. The post-APCM meeting in May for the election of officers was followed in July by a meeting of the PCC that focused on the core challenge of filling Church Officer posts, especially those of churchwarden, secretary and treasurer. September’s meeting was focused on our response to the ‘Cost of Living Crisis’ and in November we undertook the annual approval of safeguarding and related policies, and reviewed our Schools’ Ministry and our work with Children and Young People.

A recurring conversation throughout the year was the impossibility of fulfilling the Diocesan request for Ministry Share payments totalling £197,000. With the impending retirement announcement of Revd Bev Robertson, it became clear that given the current funding formula, the parish might be able to fund the equivalent of two stipendiary posts in this and future years, but never a third. The gradual acceptance that Bev’s post will not be replaced like for like is a sad footnote to this year.

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

The finances of the parish remain strong when consolidated but hide the truth that our assets are divided very unequally amongst our ten church communities. To this is added the nature of our District structure that means that the six Districts are largely self-operating with little sharing of financial assets. Ministry Share payments are made to the Parish on a voluntary basis according to affordability as determined locally. Similarly, the care of our buildings is managed and financed at a District level. It is heartening to see individual Districts commit considerable sums and energy to protecting and improving their church buildings for church and community use. Examples of such improvements this year, include:

Pastoral care continued to be a primary focus of church life both in terms of supporting our congregations and in terms of supporting those who sought the church’s help and solace. New initiatives in mission and ministry were undertaken in several church communities, most notably, the new Café Church at St Godwald’s that went from 0 to 30 within the calendar year. Such ‘new worshipping communities’, will form the foundation of the church for the future.

The number of occasional offices during 2022 reflected the legacy of the pandemic. Baptisms (54) and Weddings/ Blessings (16) remained lower than a ‘normal’ year might expect. Funerals (154) is about 30% higher than we might usually expect. This figure includes funeral and thanksgiving services in church, services at the crematorium and the interment of ashes.

Turning to the financial figures, direct comparisons with the previous period are difficult for the parish acquired three additional churches during the year along with all their associated financials.

In broad terms the parish has had an encouraging year though our finances are tightening significantly.

There is a disturbing fall in donations and legacies especially with regard to unrestricted income which are the funds upon which the church depends to cover the cost of ministry and day to day expenses. Unrestricted income fell from £277k to £167k (rounded).

On a brighter note, there was some income growth as a result of a significant improvement in trading income (£37£69k) and investment income (£4-£16k).

On the expenditure side, unrestricted costs rose noticeably, reaching 330k compared with 282k (rounded). The source of such a rapid rise in costs is partly positive (investment in people, buildings and ministry share), partly negative (escalating utility costs in particular) and partly due to the incorporation of the two additional parishes. Employment costs rose sharply from £20-£45k as we expanded our team and revised our remuneration structure. Measures are in place to prevent these costs escalating further.

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

Ministry share payments improved very significantly from 98k-127k, the total being roughly equivalent to the cost of two stipends as calculated by the Diocese of Worcester. The table below summarises this by District:

Ministry Share 2022

Total Total Share as % of Share as %
Unrestricted Ministry total parish of Income
Income (1) Share share
All Saints 42748 21500 17% 50%
Christ Church/St Luke 27497 16,800 13% 61%
Dodford 27266 20088 16% 74%
St Godwald 38204 25750 20% 67%
St John/St Andrew 58140 30000 24% 52%
Stoke Prior/UW/W 36558 12670 10% 35%
Total 126808

(1) Excluding grants and legacies

Overall, consolidated net assets less liabilities fell from £1.26m to £1.06m.

Our ability to pay for the cost of ministry is dependent upon unrestricted funds and so it remains imperative that churches draw down from designated and restricted funds whenever possible. It is pleasing to see particular churches take this to heart with designated and restricted funds being used well for church maintenance and improvement.

Hidden within these consolidated accounts is a marked difference in performance between individual Districts with two Districts relying on legacy funds for their viability. These Districts must address this with some urgency to ensure the proper use of legacy funds and to avoid becoming dependent upon other Districts.

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

With over 40 individual current, savings and investments accounts and numerous funds within these accounts, the overall burden of financial management – and its associated costs – remains too high. We must steadily close accounts and consolidate funds so that the cost of financial management is kept under control.

I close this report by expressing our thanks to all who volunteer their time, skills and energies for the church. Like all community bodies, the church relies on those who are committed in faith to be committed in their giftings too.

In addition, we continued to be deeply indebted to our paid staff. Lauren Jones and Irene Caswell-Berwick have flourished as parish administrators this year and their commitment and skillsets are much appreciated. Our superb book-keeper, Sharon Charles, was joined during the year by her daughter, Gemma Charles, who is training as a bookkeeper (AAT). At a time when it is hard to find Treasurers, we are increasingly reliant upon the accounting skills of Sharon and Gemma whose commitment to the many tasks involved is outstanding. During the year we also took our three cleaners onto the payroll – Jayne, Dawn and Emma. We thank them for all their hard work.

2023 will undoubtedly be another difficult year. But we remain in a strong position to navigate these challenges positively and there is every reason to believe that next year’s report will bear this out.

With love and prayers

Revd David Ford

Trustee

3 May 2023

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

I report to the Parochial Church Council on my examination of the accounts for the year ended 31 December 2022.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Charity’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 ACCA, 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:

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 financial statements to be reached.

Mr Thomas May FCCA Jerroms GCN Limited

West Point, Second Floor Mucklow Office Park Mucklow Hill Halesowen B62 8DY

Dated: 3 May 2023

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted
Designated
Restricted Endowment
Total
Unrestricted
Designated
Restricted Endowment
funds
funds
funds
funds
funds
funds
funds
funds
as restated
2022
2022
2022
2022
2022
2021
2021
2021
2021
Notes
£
£
£
£
£
£
£
£
£
Income and endowments from:
Donations and legacies
3
167,555
32,377
20,615
-
220,547
276,711
24,442
476,360
-
Charitable activities
4
29,114
-
500
-
29,614
36,906
-
285
-
Other trading activities
5
35,175
30,432
3,844
-
69,451
23,679
12,715
625
-
Other income
-
45,463
1,791
-
47,254
9,415
790
9,230
-
Investments
6
12,638
1,694
1,726
-
16,058
11,919
725
653
70
Total income and
endowments
244,482
109,966
28,476
-
382,924
358,630
38,672
487,153
70
Expenditure on:
Raising funds
7
5,337
169
324
-
5,830
708
167
110
-
Charitable activities
8
303,611
188,231
15,231
-
507,073
270,634
24,736
524,892
-
Other expenditure
21,233
(20,143)
-
-
1,090
11,160
(11,160)
-
-
Total expenditure
330,181
168,257
15,555
-
513,993
282,502
13,743
525,002
-
Net gains/(losses) on
investments
(53,206)
(13,523)
(642)
(1,378)
(68,749)
49,740
21,967
1,793
1,693
Net (outgoing)/incoming
resources before transfers
(138,905)
(71,814)
12,279
(1,378)
(199,818)
125,868
46,896
(36,056)
1,763		 Total
2021
£
777,513
37,191
37,019
19,435
13,367
884,525
985
820,262
-
821,247
75,193
138,471

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

Unrestricted
Designated
Restricted Endowment
funds
funds
funds
funds
2022
2022
2022
2022
Notes
£
£
£
£
Net (outgoing)/incoming
resources before transfers
(138,905)
(71,814)
12,279
(1,378)
Gross transfers
between funds
(59,178)
118,777
(59,599)
-
Net movement in funds
(198,083)
46,963
(47,320)
(1,378)
Fund balances at 1 January
2022
594,995
367,318
289,777
11,709
Fund balances at 31
December 2022
396,912
414,281
242,457
10,331		 Total
Unrestricted
Designated
Restricted Endowment
funds
funds
funds
funds
as restated
2022
2021
2021
2021
2021
£
£
£
£
£
(199,818)
125,868
46,896
(36,056)
1,763
-
35,078
(26,638)
(8,370)
(70)
(199,818)
160,946
20,258
(44,426)
1,693
1,263,799
434,049
347,060
334,203
10,016
1,063,981
594,995
367,318
289,777
11,709		 Total
2021
£
138,471
-
138,471
1,125,328
1,263,799

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

BALANCE SHEET

AS AT 31 DECEMBER 2022

Notes
Fixed assets
Investment assets
13
Current assets
Debtors
14
Investments
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
16
Net assets
Capital funds
Endowment funds - general
17
Income funds
Restricted funds
Designated funds
Unrestricted funds		 2022
£
£
33,734
29,419
339,578
686,897
1,055,894
(15,240)
1,040,654
1,074,388
(10,407)
1,063,981
10,331
242,457
414,281
396,912
1,063,981		 2021
as restated
£
£
38,294
30,022
517,457
730,081
1,277,560
(40,954)
1,236,606
1,274,900
(11,101)
1,263,799
11,709
289,777
367,318
594,995
1,263,799

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

Charity information

The Parochial Church Council (PCC) of The Ecclesiastical Parish of Bromsgrove is a charitable organisation. The principal office address is 14 Kidderminster Road, Bromsgrove, B61 7JW.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The PCC is a Public Benefit Entity as defined by FRS 102.

The PCC has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements include all transactions for which the PCC of the Parish of Bromsgrove can be held responsible, including all transactions of the individual DCCs administered on behalf of the Parish of Bromsgrove. They do not include the accounts of other Church groups that owe an affiliation to another body, nor those that are informal gatherings of Church members.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The comparative figures have been restated to incorporate Holy Trinity & St Mary, Dodford and St Michael & All Angels, Stoke Prior, St Mary de Wyche, Wychbold and St Michael, Upton Warren.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for any expenditure that the PCC (through the DCCs) thinks necessary to support the Parish's mission.

Designated funds have been reserved by the DCC for a specific purpose but can be re-designated by the DCC and used as unrestricted funds.

Restricted funds are available to be expended only on the objectives expressly specified by the donors or the purposes for which the funds were raised.

Endowment funds are usually in the form of an investment or cash deposit and define the purposes to which the income from the investment can be used. Unless the endowment specifically permits the use of the capital sum, only the interest can be used.

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

1 Accounting policies

(Continued)

1.4 Income

Income is recognised when the PCC is legally entitled to it, the amounts can be measured reliably and it is probable that income will be received.

Grants and donations are recognised in the Statement of Financial Activities when any pre-conditions preventing their use by the PCC have been met. For collections and planned giving this is when the funds are received.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible Fixed assets

All assets purchased are expensed in the Statement of Financial Activities and not capitalised.

1.6 Fixed asset investments

Fixed asset investments are are basic financial instrument and are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. The Statement of Financial Activities includes the net gains and losses arising on revaluation and any disposals throughout the year.

1.7 Financial instruments

Basic financial assets and liabilities

Debtors

Debtors are measured at the undiscounted amount of cash receivable.

Liabilities

Liabilities are measured at the undiscounted amount of cash payable.

1.8 Pension costs and other post-retirement benefits

The PCC operates a defined contribution pension scheme. Contributions payable to the PCC's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

1.9 Reserves policy

Each DCC is charged with maintaining adequate unrestricted funds to meet short term unrestricted payments, excluding Parish Share. Restricted funds balances are held in reserve in cash or investments until required for their specified purpose. Whilst Parish Share is important, it is unrealistic to hold unrestricted funds to cover total amounts due.

1.10 Gift Aid status

The parish is registered with HMRC to claim Gift Aid under both the main scheme and GASD.

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2022

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

3 Donations and legacies

Unrestricted Designated
Restricted
funds
funds
funds
2022
2022
2022
£
£
£
Donations and gifts
36,618
4,071
1,370
Legacies receivable
2,000
-
-
Grants receivable
(3,223)
27,279
16,366
Gift Aid
99,234
1,027
2,879
Other income
32,926
-
-
167,555
32,377
20,615		 Total
Unrestricted
Designated
Restricted
funds
funds
funds
2022
2021
2021
2021
£
£
£
£
42,059
76,758
6,326
366,080
2,000
57,171
5,000
-
40,422
6,531
11,750
21,750
103,140
98,060
45
308
32,926
38,191
1,321
88,222
220,547
276,711
24,442
476,360		 Total
2021
£
449,164
62,171
40,031
98,413
127,734
777,513

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

4 Charitable activities

Charitable Charitable
Income Income
2022 2021
£ £
Income weddings and funerals 28,655 36,365
Other income 959 826
29,614 37,191
Analysis by fund
Unrestricted funds 29,114 36,906
Restricted funds 500 285
29,614 37,191

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

5 Other trading activities

Unrestricted
Designated
Restricted
Total Unrestricted
Designated
Restricted
funds
funds
funds
funds
funds
funds
2022
2022
2022
2022
2021
2021
2021
£
£
£
£
£
£
£
Fundraising events
13,650
-
-
13,650
5,644
-
-
Church hall letting
17,229
30,432
3,844
51,505
17,993
12,715
625
Magazine income
4,296
-
-
4,296
42
-
-
Other trading activities
35,175
30,432
3,844
69,451
23,679
12,715
625
Investments
Unrestricted
Designated
Restricted
Total
Unrestricted
Designated
Restricted Endowment
funds
funds
funds
funds
funds
funds
funds
general
2022
2022
2022
2022
2021
2021
2021
2021
£
£
£
£
£
£
£
£
Dividends
12,057
973
355
13,385
11,792
686
591
70
Bank and building society interest
581
721
1,371
2,673
127
39
62
-
12,638
1,694
1,726
16,058
11,919
725
653
70		 Total
2021
£
5,644
31,333
42
37,019
Total
2021
£
13,139
228
13,367

6 Investments

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

7 Raising funds

Unrestricted Designated
Restricted
funds
funds
funds
2022
2022
2022
£
£
£
Fundraising and publicity
Seeking donations, grants and legacies
5,337
169
324
5,337
169
324		 Total
Unrestricted
Designated
Restricted
funds
funds
funds
2022
2021
2021
2021
£
£
£
£
5,830
708
167
110
5,830
708
167
110		 Total
2021
£
985
985

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

8 Charitable activities

Charitable
Charitable
Expenditure
Expenditure
2022 2021
£ £
Staff costs 44,860 19,602
Church running costs 66,574 51,293
Hall running costs 39,458 15,805
Church maintenance 36,117 520,312
Church repairs 144,750 68,155
Hall repairs 22,768 -
Charitable giving 3,881 1,871
Ministry parish share 126,808 97,750
Church lease 4,589 2,766
Expenses 12,239 12,649
Other expenses 2,809 3,754
Professional fees including independent examination 2,220 26,305
507,073 820,262
507,073 820,262
Analysis by fund
Unrestricted funds 303,611 270,634
Designated funds 188,231 24,736
Restricted funds 15,231 524,892
507,073 820,262

9 Trustees

There were no disclosable transactions in respect of PCC members, persons closely connected with them or other related parties.

10 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
7 4

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

10
Employees
Employment costs
Wages and salaries
Other pension costs		 (Continued)
2022
2021
£
£
44,860
19,545
-
57
44,860
19,602		 (Continued)
2022
2021
£
£
44,860
19,545
-
57
44,860
19,602
19,602

There were no employees whose annual remuneration was more than £60,000.

11 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

12 Tangible fixed assets

In general, all inalienable and historic assets are recoded in the Church Inventory, but reliable cost information is not available. Significant costs would be involved in obtaining sufficient information to enable realistic and meaningful valuations to be obtained.

With regards to the Holy Trinity & St. Mary's, Dodford, assets retained for the church use, at nil value, include two items of material cost:

13 Investment fixed assets

At 1 January 2022
Revaluation
At 31 December 2022		 £
38,295
(4,561)
33,734

The investments comprise the following:

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

14
Debtors
Amounts falling due within one year:
Gift aid tax recoverable
Other debtors
Prepayments and accrued income
15
Creditors: amounts falling due within one year
Notes
Loans
Creditors
Accruals
16
Creditors: amounts falling due after more than one year
Notes
Loans		 2022
£
16,777
5,146
7,496
29,419
2022
£
290
1,123
13,827
15,240
2022
£
10,407		 2021
£
20,041
5,512
4,469
30,022
2021
£
21,694
11,452
7,808
40,954
2021
£
11,101

17 Endowment funds

Endowment funds are as follows:

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

18 Analysis of net assets between funds

Unrestricted Designated Restricted
Endowment		 Restricted
Endowment
Total
Total		 Unrestricted Unrestricted
Designated
Designated		 Restricted Restricted Endowment Endowment Total
funds funds funds
funds		 funds funds funds funds
2022 2022 2022 2022 2022 2021 2021 2021 2021 2021
£ £ £ £ £ £ £ £ £ £
Fund balances at 31
December 2022 are
represented by:
Fixed asset investments - 23,403 -
10,331		 33,734 - 26,585 - 11,709 38,294
Current assets/(liabilities) 396,912 390,878 252,864 - 1,040,654 594,995 340,733 300,878 - 1,236,606
Long term liabilities - - (10,407) - (10,407) - - (11,101) - (11,101)
396,912 414,281 242,457
10,331		 1,063,981 594,995 367,318 289,777 11,709 1,263,799
Fund movement summary
Fund Fund balances Incoming Outgoing Transfers Gains and Journal Fund balances
brought
forward		 Resources Resources Losses Entries Carried forward
Unrestricted
General - Dodford 374,735.64 27,266.12 54,758.56 594.00 (53,204.88) 294,632.32
General - Stoke Prior, Wychbold & Upton Warren 68,648.45 36,926.75 61,351.92 (17,226.20) 26,997.08
General - St Johns & St Andrews 49,181.02 69,835.49 68,008.38 51,008.13
General - All Saints Church 81,089.21 44,748.23 64,818.67 (41,510.10) 19,508.67
General - Catshill 1,901.74 27,497.09 35,663.81 (273.87) (6,538.85)
General - St Godwalds 17,434.83 38,204.69 44,661.24 304.22 11,282.50
General - Parish Team 2,003.83 916.00 (1,066.00) 21.83
Sub-totals 594,994.72 244,478.37 330,178.58 (59,177.95) 0.00 (53,204.88) 396,911.68

19 Fund movement summary

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

19 Fund movement summary (Continued)
Designated
100ClubDCC - 100 Club DCC Fundraising 764.50 540.00 1,304.50
Andrews - St Andrews Hall 19,246.19 18,788.32 26,371.72 11,662.79
Children - Childrens Fund 243.65 243.65
ChurchYard - Church Yard (384.48) 450.00 1,718.76 1,748.04 94.80
Coffecake - Coffee & Cake Concerts 779.51 2,041.45 596.97 2,223.99
Comm Mission - Community Mission Fund 215.90 215.90
Discretion - Discretion 155,450.29 538.29 244.23 156,232.81
Eco - Eco Fund 10,716.00 41,333.00 30,617.00
Fabric - Fabric Fund 139,512.54 296.16 32,260.26 (594.00) (10,341.69) 96,612.75
Fabric - Fabric Maintenance Fund 6,000.00 6,000.00
Fabric - Stoke Prior, Wychbold & Upton Warren Fabric Fund 29,647.82 739.53 (3,181.70) 27,205.65
Font - Font Repair 0.00
Hall - St G Hall Fund 3,997.79 12,217.53 12,208.69 349.56 4,356.19
Hall - Hall Fund 10,070.24 4,247.34 (5,822.90) 0.00
Hall Dev - St G Hall Development Fund 348.62 0.94 (349.56) 0.00
Legacy Project Fund - Legacy 0.00
Maintenance Des - Maintenance Designated 65.71 19,643.63 19,709.34
Mission - Mission Fund 7.80 237.30 240.00 5.10
Office - Office Fund 899.35 (162.00) 605.71 1,066.00 1,197.64
Organ - Organ Fund 1,147.75 130.00 370.74 907.01
Roof - Roof Fund 250.00 250.00 0.00
Short Term - Short Term Funds 250.00 143.95 393.95 0.00
Social - All Saints Social Committee 1,320.79 200.50 1,521.29
Sound - Sound, Audio & Visual Fund 104.55 54.75 49.80
Suspense - Future Projects Suspense Fund 13,005.00 13,005.00
UW Appeal - Upton Warren St M Appeal 51,440.36 74,771.73 34,245.06 10,913.69
Wychbold Appeal - Wychbold StM De W Appeal 1,254.78 7.75 2,981.14 4,228.17
Youth - Youth/Childrens Fund 150.00 973.00 1.22 1,121.78
Youth - ALLCT - Youth All Churches Together 30.00 30.00 0.00
Youth - BDC - Youth BDC 905.03 3,000.00 2,094.97

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

19 Fund movement summary (Continued)
Youth - Community - Youth Community Fund 10,000.00 10,000.00
Youth - Misc - Youth Misc Project 1,572.40 2,042.84 470.44
Youth - NY Music - Youth Nat Youth Music 280.00 12,415.16 12,135.16
Youth - Yorke - Youth Grantham Yorke Trust 444.97 444.97 0.00
Listening - The Listening Service 360.00 209.82 150.18
Sub-totals 367,317.57 109,966.06 168,257.81 118,777.17 (3,181.70) (10,341.69) 414,279.60

THE PAROCHIAL CHURCH COUNCIL (PCC) OF THE ECCLESIASTICAL PARISH OF BROMSGROVE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022

19 Fund movement summary (Continued)
Restricted
Butterfly - Butterfly Challenge
Charford - Charford Project 1,069.55 1,069.55
Choir - Choir 470.24 (470.24) 0.00
Churchyard - Churchyard Fund 217.80 59.00 276.80
Churchyd - Churchyard Fund 13,605.60 71.97 (642.73) 13,034.84
CommCafe - Community Cafe 0.00
Discretionary - Vicars Discretionary Fund 4,154.04 100.00 818.60 3,435.44
Fabric - Fabric Fund 339.99 152.38 453.66 38.71
Friends - Friends Of St Godwalds 8,419.64 655.00 1,206.00 (905.00) 6,963.64
LadiesFellowship - Ladies Fellowship 779.43 153.09 (626.34) (0.00)
Maintenance - Maintenance 145,743.72 3,140.91 29.64 148,914.27
Maintenance - Maintenance 19,809.03 4,014.60 4,180.00 (19,643.63) (0.00)
Messy - Messy Fund 50.68 (50.68) 0.00
MissionCharity - Mission & Charitable 1,486.12 1,486.12
Music - Music Fund 5,234.55 1,225.00 110.00 6,349.55
SP Legacy - Stoke Prior St M Legacy Fund 2,028.94 4.25 2,033.19
SunSchYouth - Sunday School Childrens Youth Fund 4,842.03 105.44 4,736.59
Tower - SP Tower Appeal Fund 56,821.00 8,493.06 (8,804.16) (20,000.00) 54,118.22
Youth - Youth Project 24,704.16 10,562.00 17,333.19 (17,932.97) 0.00
Sub-totals 289,776.52 28,478.17 15,555.82 (59,599.22) 0.00 (642.73) 242,456.92
Endowment
ChYd Maint - ChurchYard Maintenance 3,653.22 (430.04) 3,223.18
Endowment - Endowment Funds 8,055.83 (948.31) 7,107.52
Sub-totals 11,709.05 0.00 0.00 0.00 (1,378.35) 0.00 10,330.70
Totals 1,263,797.86 382,922.60 513,992.21 0.00 (4,560.05) (64,189.30) 1,063,978.90