**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|||| |||||| - 1 - **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|||| - 2 - **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| - 3 - **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. - 4 - **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. - 5 - ## **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: - Improvements to heating and lighting at All Saints - New sound system installed at St Godwald’s - A new memorial garden in progress at Stoke Prior - A programme of repair works to the spire of St John’s - Substantial quinquennial works underway in Dodford - Major steps forward towards the repair of Christ Church, Catshill 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. - 6 - **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. - 7 - ## **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 - 8 - ## **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: - 1 accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the applicable 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 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 - 9 - ## **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| - 10 - ## **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| - 11 - ## **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| |---|---|---| - 12 - **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. - 13 - **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. - 14 - ## **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. - 15 - ## **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| - 16 - ## **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| - 17 - ## **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** - 18 - ## **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| - 19 - **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| - 20 - **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: - The land known as Glebe Land Field was purchased 11th February 2002 for the sum of £3,481. This land is the subject of a grazing licence, reviewed annually at the discretion of the PCC. - The glass screens separating the transept from the nave and lady chapel were paid for and installed in 2011 and 2012 at a total cost of £27,795. ## **13 Investment fixed assets** |At 1 January 2022
Revaluation
**At 31 December 2022**|**£**
38,295
(4,561)| |---|---| ||33,734| The investments comprise the following: - Part of the "Stoke Prior, Wychbold and Upton Warren fabric fund", a designated fund, held as 1,000 shares in the CBF Church of England Investment Fund and 2,000 shares held in the CBF Church of England Fixed Interest Securities Fund, and - Endowment funds held as 500 shares in the CBF Church of England Investment Fund. - 21 - ## **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: - **Held for the benefit of St John's church - £7,107.52** The legacies of Haines, Kettley and Dipple fund requires the income to be spent on fabric maintenance. The Gillibrand Legacy endowment require the income to be spent on church maintenance. - **Held for the benefit of Christchurch, Catshill - £3,223.18** The Upton Legacy requires principle to be spent upon churchyard maintenance. Income is for general expenditure. - 22 - ## **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** - 23 - ## **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| - 24 - ## **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| - 25 - ## **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| - 26 -