The Parochial Church Council of the ecclesiastical tist Harborne arish of St John the ST JOHN'S CHLIRCH HARBORNE BIRMINGHAM 2020 -oOo- TRUSTEES ANNUAL REPORT AND FINANCIAL ACCOUNTS FOR THE YEAR ENt)ED 31ST DECEMBER 2020 Istered Chari Number 1132862 Jie¥JV(pf5iOn Q8/20J6
St John's Church, Harborne, Birmingham The Parochial Church Council of the ecclesiastical tist Harborne arish of St John the TRUSTEES ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020 CONTENTS Page Truslees, Report Independent Examiner's Report 12 Statemeni of Financial Activities 13-14 Balance Sheet 15-16 Statemenl of Cash Flows 17 Notes to the Accounts 18-27
St John's Church, Harborne, Birmingham TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2020 The Parochial Church CoLJncil (PCC) of the ecclesiastical parish of St John the Baptist, Harbome is pleased to present its report and financial statements for the year ended 31, Decerllber 2020. The PCC are the trustees of ihe registered charity. Objectives and Activities The purpose of tlie Charity as slated in the governing documents is to co-operate with the incumbent in promoting in the ecclesiastical parish the whole mission of the church, pastoral, evangelistic and ecutnenical and to provide public benefit through the provision of free regular publi¢ worship open to all. Additionally. beyond Harborne to the general public (as Stated in our charitable framework) through grants and gifts to the wider mission of the hurch to reach all people in this country and overseas. How our activities deliver public benefit and who has benefitted The restrictions from Covid 19 have changed significantly the way in which the Church has been able to operate since March 2020 and the loss of alternative facilities and the size of the Church family has meant that even when restriclions were eased we have beeii unable to meet. However Sunday services. prayer meetings: youth and Children's ministry have all been available online. Volunteers have worked to support those people who are not able to access online services and weekly reflectionslthoughts have been distributed to all of those we know of who have need of that support. For the first 2 months of the year the main gathering point of the church occurred through Suiiday services which due to the building work at the Church site were held al Lordswood School and then due to the restrictions the services moved online in March. This provided public benefit with free access to services along with all other activities which are open to all who wish to attend. In 2020 St John's had a worshipping community including children of approximately 580 (based on the average Sunday attendances October 2019 to March 2020). There has been very little movement in those involved in the Church during the remainder of the year. In addition to this, activities are undertaken throughout the week. These build on the church values and these activities would not take place without significant contribution from volunteers. Until MarGh it is estimated that the equivalent of up to 500 members were involved in different roles on Sundays and throughout the week to ensure that the church was able to fulfil its purpose and run all the planned activities. Since March that number has reduced to less than 300 due to the restrictions as we have not been able to undertake our normal activities. The weekly activities are varied and cover a whole range of different areas. The following provides a brief sumniary of some of the things that took place during 2020 showing in italics the impact of the restriclions on the activities of the charity with some thing5 moving online and others being put on hold. 1. Vvorship team and other music811singing activities often in support of Sunday services. Moved onlii?e from March 2020
St John's Church, Harborne, Birmingham 2. PowerhoLise - prayer, worship and reflective times - Moved online from March 2020 3. DiscipleshiplHome Groupstralk logether a number of small groijps meeting together regularly for fellowship, prayer and bible study. Moved online fi'om March 2020 4. Alph8 courses and breakfast events - these help people to understand the Christian faith. On Hold and Al ha course startin onliiie in Janua 2021 5. Working with toddlers, children, young people, uniformed groups and students. either redLiced acÈivit online or oi? hold Young People face-to-face provision for young people has taken place throughout the year, as and when restrictions have allowed and in strict compliance with government Covid policy 6. Crossway- Two main areas of activity- 8. 1. Supporting older people and those from the community seeking help Pastor foi. oldei- eo le and volunleers kee in inre ular louch and IDvidin sil ort and re Ljlar li dates and reflectioJ7s. in doorste visits and activities hel ét 3 Care Homes. b. 2. Providing help to those in debt and needing support. Has been on hold but movin onliiie fmm Januai 2021 7. Healing on the Streets a team from the Church praying for healing for local people on Harborne High Street. on hold 8. City Pastors people working with the team in the main pub and club area of the City Centie on a Fridaylsaturday night. on hold 9. Prayer minislries aiid groups meetiiig together for prayer on a regular basis. Moved onliiie from Arfarch 2020 10.Marriage Course - support for couples - Moved online from Mai"Gh 2020 All of these activities are dependent on the volunteers who lead and give of their time to enable all areas of the Church to function. Whilst we employ full time staff and we have 2 clergy appointed to the Church plus a fuither person who is licensed to the Parish we would not be able to function in the way we do without the iripLSt of all the volunteers. The scale of the work of the charity is greatly enhanced by the input of all the members of the Church. The PCC and staff regularly review the activities of the church looking at the success of each key activity, assessing the benefiLS to those attending and planning future activities accordingly. The success criterion is asking does this activity help, support, encourage and build up people in their lives and faith. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning future activities. The ongoing and longer term ainis ot the cnarity are to reach more people with the Gospel of Jesus and to build on what we already have in place across all the areas of miiiistry. Building for Mission The major event during 2020 was to continue the work to redevelop the main Church site demolishing the main hall and kitchen refurbishing the remainder of the building and constrLtcting a new 2 storey extension providing new halls. kitchen. circulaling space and meeting rooms.
St John's Church. Harborne, Birmingham The contractor A M Griffiths has been able to work during most of the year with the exception of about 6 weeks during April/May when Covid restrictions affected the supply chain and on-site activity had to be put on hold. Due to this and other Covid related delays the planned completion date of September 2020 has been put back to late January 2021. Structure, Governance and Management- Goveming Document St John's Church, Harborne (St John's) is governed by approved documents issued by the Church of England., the Parochial Church Council (Powers) Measure 1956 as amended and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended). The PCC was registered with the Charity Commission on 21 November 2009. Rècruitment and Appolntment of PCC The PCC is elected from those members of the congregation who have been on the electoral Roll at least 6 months at the time of the Annual Parochial Church Meeting (APCM). In addition, members of the congregation on the electoral role of the parish and serving on the Deanery. Diocesan or General Synods together with the Clergy linSed to the parish, are members of the PCC. The timing of the APCM in 2020 was delayed until October 2020 due to Covid 19 in accordance with the guidance from the Church of England. PCC Induction and Training Upon joining the PCC, new members recetve an induction pack which includes the Charity Commission publication "The Essential Trustee" a copy of the financial budget for the current year, the prior year accounts and a copy of the minutes of the most recent meeting. A verbal presentation is then given by the PCC treasurer with the Chair briefing new members on any current topics. Oryanisational Structur• The PCC meets up to 6 times per annum with an agenda circulated to PCC members in advance of each meeting and wrth supporting documents on many of the agenda items. Members of the Standing Committee include the Vicar, Associate Vicar, Associate Vicar Emeritus. Church Wardens, Treasurer, PCC Vice-chair and the PCC Secretary. The Church Wardens are members of PCC and inter alia form a direct link beeen the Bishop and the parish. They see that the PCC carries out tts responsibilities for the care, maintenance and insurance of the church, its contents grounds and other buildings owned by the PCC. They also arrange to inspect the fabric of the church's premises at appropriate intervals and report to the annual parochial church meeting. The PCC employed 12 members of staff at 31, December some who lead various ministries and others who provide support to the overall life of the Church. This is in addition to the Vicar and Associate Vicar who are employed by the Diocese of Birmingham on behalf of the Church of England, a further person licensed to the Parish plus 2 volunteer roles a community pastor and a small group pastor. An Intern also worked with the Church up until August 2020.
St John's Church, Harborne, Bifmingham The employed people spltt across the activities are as follows: Operations Manager 1, Support for Older People 1. Worship 1, Youth, Children's & Toddlers Ministrles 3, Communications & secretarial 4 and Support 2 Parochial Church Council {PCC) Members of the PCC who are also trustees for the purposes of Charity Law and who served during the year and up to the date of the report are set out below: Helen Baines Cassandra Beeson Leonard Browne Sue Clegg Adrian Collings Ben Collins Michael Down Ruth Downing Laura Gilead Fiona Gregson David Harvey Stella Jennings Rezi Kardellemaj Kathy Lee-cole Richard Lovell James Reed Janet Ryland Secretary Jonathan Tattersall Clergy James Whitehouse Deanery Synod Chair, Clergy until October 2020 from October 2020 Deanery Synod Vice-chair Deanery Synod Warden from October 2020 Clergy Treasurer Deanery Synod Deanery Synod until October 2020, Diocesan Synod until October 2020 Warden Key Management Personnel The key management personnel of the charity are the Vicar Revd L Browne and Associate Vicar Revd J Tattersall sUPPOrted by the Operations Manager Mr S Foster. Church wardens DR R Lovell and Mrs R Downing and all the trustees of the charity. Pay & Remuneration of Key Management Personnel and Employees The pay of the vicar and associate vicar is set and paid by the Binningham Di0Se of the Church of England. Additionally, the vicar has the benefrt of the Diocesan owned vicarage and the associate vicar has a house provided by the PCC for which the Diocese make a monthly contribution towards the running costs. The role of Churchwarden is voluntary and no payment is made for that appointment. The pay scales of all employees are set against a matrix of the different roles which has been benchmarked and is kept regularly up to date. The employees pay is reviewed annually by the trustees and a cost of living rise applied as appropriate.
St John's Church, Harborne. Birmingham Auto Enrolment Pension Scheme The staging date for the Church was in February 2016 and we implemented an auto enrolment scheme for all eligible employed staff within the required timescale. The PCC joined the scheme operated by the Bimiingham Diocese for the Payroll Bureau it runs and the provider is Friends Life which is now owned by Aviva. Employer contributions - The PCC are contributing 30/0 in line with the regulations. Risk Management and Safeguarding A risk gIster is in place covering the major activities of Church life. A full review of safeguarding has taken place this year and we have 2 safeguarding officers in place supported by a member of slaff. All appropriate policies are in place ensuring the safeguarding of children and vulnerable adults and regular checks are undertaken on those involved with leadership in the Church and all complete the necessary training. Fundraising During the last 2 years all of our committed giving has come from members of the Church and legacies from former members. The Church does not hold any public appeals forfunds. Within the Church there is usually a financial appeal each year in the autumn. We have not been subject to any undertaking to be bound by a voluntary standard as that does not apply and there are no activities lo monitor. The intemal financial appeal is to the whole Church with letters to the congregation but no individuals are followed up in any way and no pressure is applied lo individuals to contribute and so any vulnerable people are protected. Additionally. there have been special appeals to the Church for Ihe Building for Mission project. The details of individual donations are only known by the Gift Aid Secretary and the Hon Treasurer with the Irustees and staff only being given summary reports of income. As part of the Building for Mission project the trustees engaged the services of Wootton George fundraising consultsnts to advise and support the Church in the process of applying for grants from Charitable Trusts for our capital project. The engagement was for a limited period during 2019 for an agreed sum of £6,000 plus VAT. The outcome during 2019 was the receipl of 2 grants totalling £83,500 and a further grant of £10,000 in 2020. The ChurGh does not use any other professional fundraisers. FinanGial Review for 2020 and 2019 The principal funding for St John's comes from giving by church members and the main financial highlights for the year are set out below. 2020 - General Fund - Income and Expenditure (k= £OOOs) The original General Fund budget for 2020 estimaled a deficit of £77k but after the trustees had reviewed the situation following the outbreak of Covid 19 a revised forecast for the year was completed showing a breakeven position. Actions were taken to restrict expenditure and income was monitored on a monthly basis to ensure that the Church remained on track to achieve this position. The actual results show a surplus of £86k a positive variance of £163k compared to budget and £86K better than the first re forecast.
St John's Church, Harbome, Bimiingham This was due to 4 main factors: 1. reduced costs following actions taken by the trustees to restrict expenditure - £51 K 2. savings due to Covid 19 and not being able to physically meet- £42K 3. increased donations particularly towards the end of the year - £30K 4. unexpected legacy- £40K Donations plus gift aid showed an increase of £40K compared to 2019 at £755K plus an unexpected legacy of £40K, whilst costs were £142k lower than in 2019 due to less spend on 2 Milford Copse £78K and savings as indicated above £64K. Charitable income showed a reduction of £24K to £7K which reflects the loss of income from toddlers, children and youth ministries due to the restrictions and not being able to meet and lake the older groups on trips away. 2019 - General Fund - Income and Expenditure (k = £OOOs) The General Fund budget for 2019 estimated a deficit of £106k and the actual results showed a deficit (before transfers and gains) of £88k a positive variance of £18k compared to budget. The trustees decided to refurbish a house for the associate vicar and use existing funds which cost £78k. Therefore exduding this one off cost the general fund had a small deficit on normal running costs ofjust under £10k. Donations plus gift aid were flat compared to 2018 at £715K plus an unexpected legacy of £25.5K. whilst costs were £9k lower than in 2018 partly due to a reduction in the common fund. 2020 - Restricted Funds (Note 13 Church Funds} Building -The grant money received during Ihe year of £10.000 and money from special events was trealed as restricted and the costs equalled the income at £11,507 leaving a zero balance to cary forward. Resurrection Church - The financial support for the Church in Beirut was £57,975. Worship Fund - A total of £17,916 was received from the New English Orchestra which ceased to operate as a charity and donated its remaining funds to St John's. 2019 - Restricted Funds (Note 13 Church Funds} Building- The grant money received during the year of £83,500 and money from special events was treated as restricted and the costs equalled the income at £105.834 leaving a zero balance to carry forward.
st John's Church, Harborne, Birmingham Resurrectlon Church- The financial support for the Church in Beirut was £25.506. 2020 - Designated Funds (Note 13 Church Funds) Housing Fund- The current 3 properties are all included at fair value of £879K which is unchanged from the position at the end of 2019. The trustees believe that this is a fair reflection of the income that would be derived from any sale. Building- The current balance of £761k includes income accruals of £63K and represents the remaining money held by the trustees after paying for all the buildinglrefurbishment costs over the last 18 months. The income from donations shows a negative in year figure of £54K. This is due to pledged income that was accrued in 2019 which is now unlikely to be reiVed so the acGrual has been adjusted accordingly. The remaining contractual commitment is shown at note 14b of these accounts and is £485K in 2021 and £85K in 2022. 2019- Designated Funds The housing fund increased by £75,664 to £879,000 followng the revaluation of the properties with both properties being used for charitable purposes valued at fair value. The building for Mission fund has continued to receive gifts from the congregation towards the Cost of the project and the income in the year was £1,652,804 with in year costs of £475,934, this left a balance to carry forward lo 2020 of £3,466,796. The income includes an accrual of £431,436 for all the pledged income and gift aid from Ihe congregation that is due to be received in the future. 2020 - Contingent Asset - A legacy has been left to the Church which being 50Q/o of the residual value of the estate is not yet quantifiable with any certainty. It is expected that the income will be known during 2021 and induded in those accounts. Reserves Policy The policy of the PCC is to distribule its reserves in accordance with mission of the Church of England while ensuring that there are sufficient funds to cover cash flow requirements relating to committed expenditure. At the end of 2020, the PCC held a total fund of £1,947k. General Fund There was a positive balance on the general fund of £289k (£203k 2019) against a policy reserve requirement of holding no less than £125k and in fixed assets in the designated propety housing fund £879k. The policy of holding no less than £125K ha5 been based on the need to have sufficient in hand to pay salaries and cover other commitments for a minimum of 3 Tnonths. There is an opportunity to borrow against the properties owned by the PCC at 2 Milford Copse & 77-79 Vivian Road and in extreme circumstances this could be called upon. Almost all the charitable income comes from the members of the Church and so any reduction is immediately apparent and steps can be taken to either increase income or reduce costs as appropriate. The PCC therefore consider the currenl target of £125K is entirely appropriate.
St John's Church, Harborne, Blrmlngham Designated Fund Building for Mission The balan carried fOard of £761k is to cover the costs of the project and there is no plan to keep any resee$ once the overall project has been completed. Global Partner Support and grant making policy The purpose of Global Partner Support (GPS) is to resource mission to extend Jesus. Kingdom outside Harborne ( resourcing mission to reaGh the world? and is part of the whole mission of the Church. The objectives of GPS are: To provoke interest in local and global mission. To contribute to equipping members of St John's mission. To support and nurture people as together we seek to discem God's calling on their lives. To develop, maintain and apply appropriate policies for the selection and support of candidates, projects and agencie5. To support our GPS partners. To coordinate prayer for our GPS partners. To manage St John's financial investment in Mission through GPS. GPS is an executive body working under the direction of the PCC. Their financial role is to distribute the budget allocated to the GPS in accordan with agreed guidelines and within a framework presented lo and approved by the PCC. Typically the monies are used to support mission at home and overseas through grants made to individuals and organisations that normally have some association with St John's. In addition, the GPS teams bring this missionary work to life within the congregation through arranging vocation days. prayer and contributing to services focused on mission and the missionary links that are supported. Plans for future periods The PCC has agreed a budget for the General Fund for 2021 which shows a surplus of £12k. The current plans for the future ministry of St John's are affordable and the bank balan will not be allowed to fall below £125k. Cash flow will continue to be monitored and action taken as required ensuring the financial wellbeing of the Church. We will be taking back Ihe refurbished and enlarged building from the Contracto and deciding how we reach out lo the comtnunity around us and continue to grow the outward focus of the Church. There are many activities which God has blessed at St John's over the years. Some have continued in different form5 during the pandemic restrictions whilst others have been suspended and may be resumed in due time", it may be right for others to be replaced by something entirely new. We are seeking the Holy Spirit's guidance to discover how our existing ministries will develop in the new building and his enabling to reach out to the community in new ways without losing old connectsons and what we have learned durtng the pasl months. We also need to hear God's call to pray for labourers to be sent to the harvest especially where some supporters are no longer able to serve in the ministries which will continue and expand.
St John's Church, Harborne, Birmingham The rebuilding of the physical premises was all part of the 5 year plan and the trustees are also fo¢ussing on the other actions we have been pursuing as follows: . A church community which has seen many people come to faith through a renewed concem for the lost. and confidence in the transforming power of the gospel, primarily through growing authentic relationships A renewed ministy to Toddlers, to Older People and to Young Adults - including students (and in particular Intemational students), to World Mission, and to those on the margins . A training and resource church which equips our Members (and Christians in the wider area) for life and rninistry (intem training I courses on.. biblical and theological studies I reLotionships I work Imoney I leadership I gifting and ministry I growth toward maturity etc) and which offers more bridge building resources to the community (parenting. marriage, wellbeing, fitness courses etc.) . A church which has implemented new ministry ventures (e.g. to the homeless. to refugees; to prisoners) with other churches of like mind to live out our commitment to unity . A church which has established at least one new missional community and is prayerfully seeking the opportunity and timing to do so again. Discussions are currently taking place with the Diocese of Bimiingham on how and when the first plant may take place. . A church which has faithfully lived out our desire to "have a heart for God, for our Glty, and for the natlons" In summary: Build our cornmunity Be more outward looking Win more people for Christ Be a resourcing and training church Have a welcoming presence on the High Street A new Church plant Golng Concern & Future Uncertainties 1 Covid-19 - The trustees are carefully monitoring the current situation and the ongoing impact on the life of the Church and the financial implications. Income is being monitored closely although in 2020 we have seen an increase in donations to the Church and the budget for 2021 shows a small surplus of £12k. The net current assets of £289K in Ihe general fund at the year-end gives the trustees the confidence and ability to cope with some loss of income in the coming months whilst being able to maintain the charity as a going concern. The position on the buildinglrefurbishment element of Building for Mission is that we are able to meet all expected costs. 2. Other - The trustees are satisfied that St John's has adequate resources to continue to operate as a going concern for the foreseeable future and have prepared the financial slatements on that basis. The trustees are not aware of any material uncertainties that will affect the charity's ability to continue.
St John's Church, Harborne, Birniingham The progress of the building and the associated costs is reviewed monthly and there are sufficient contingencies built in to the estimated costs to cover unforeseen expenditure. Monthly monitoring of income levels is in place to ensure that any reduction is identified and steps 8re taken to correct any shortfall. Reference and Administrative Information Charity Name The Parochial Church Council of the Ecclesiastical Parish of St John the Baptist. Harbome {St John's Church, Harbome) Charity Registration Number 1132862 Principal offi and Registered Address St John's Church High Street, Harborne Bimiingham, B17 9PT Solicitors Anthony Collins Solicitors LLP 134 Edmund Street Birmingham B3 2ES Prima Bankers Lloyds Bank PLC 142 Edgbaston Parf( Road Birmingham 8152TY Inde endent Examiners MHA Macintyre Hudson Rutland House 148 Edmund Street Bimiingham, 83 2FD Seconda Bankers". CAF Bank LTD, 25 Kings Hill Avenue, West Malling, Kent ME19 4JQ Trustees. (PCC) responsibilities statement The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the tTUStees to prepare financial statements for each financial year which give a true and fair view of the stste of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently- obSee the methods and principles in the Charities SORP 2015 (FRS 1021: make judgements and estimates that are reasonable and prudent; state whelher applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements- prepare the finanGial statements on the going concem basis unless it is inappropriate to presume that Ihe charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply wFth the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Gharity and henGe for taking reasonable steps for the prevention and detection of fraud and other irregularities. 10
St John's Church, Harborne, Birnilngham The trustees are responsible for the maintenance and integrity of the charity and financial infomiation included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Independent Examination The PCC consider that for the year ended 31 December 2020 the Charity was entitled to exemption from a full statutory audit on the basis that income was below the threshold of £1m. The PCC have appointed Helen Blundell of MHA Macintyre Hudson as Independent Examiner. Independent ExaminerslAuditors for 2021 MHA Macintyre Hudson has also expressed their willingness to continue in Offi and will be proposed for re-appointment at the Annual Parish Church Meeting in April 2021. Approved by the PCC on 29th March 2021 and signed on its behalf by.. Revd Leonard Browne, Vicar PCC Chairman Mr David Harvey PCC Treasurer
St John's Church, Harborne, Bimiingham INDEPENDENT EXAMINERS, REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF ST JOHN'S CHURCH HARBORNE I report to the charity trustees on my exarnination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 16 to 30. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examinerfs statement I confimi that l am qualified to undertake the examination because l am member of the Institute of Chartered Accountant in England and Wales. 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: accounting records were not kept in respect of the charity as required by section 130 of the Act., or 2. the accounts do not accord with those records 3. the accounts 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 Gonsidered as part of an independent examination. Signed." Name.. Helen Blundell LLB FCA FCIE DChA Member of the Institute of Chartered Accountants in England and Wales LLP." MHA Maclntyre Hudson Address.. Rutland House 148 Edmund Street Birmingham B3 2FD Date: 12 April 2021 12
ST JOHF4'S CHURCH, HARBORPIE. gIRMIPIGHAIA ACCOUNTS FOR THE YEAR ENDED 31ST DECEM8ER 2020 rrt of FtTranc 318tDocpmbpr 2020 funds UrtrÈstrictsd fund Genern Fund Deslgnatsd furtds 2020 Ir4crffi athd dowmÈ Is from.. No OoTraiion$ and ¥¢1¢¥ 87.398 818.B78 7,181 154.100} 3.70D 5.732 852.176 10.881 5.732 Inveslm8nls Olher T¢)ial itWm 87.398 B28,059 114,668} 868,789 ndibjrg ¢Jn= R8islng fund$ Chantable acbyibes 89.482 740,454 2.Pél.048 3.470,985 Total expenditur¢ 69,A82 740.454 2,861,048 3,47D.985 Not in¢orDellexpeDditsrvl lOre ftvalvati¢JTr 77.916 12,705.7161 12.fO2.1961 Nei gainsnosses on leva1lIOn al invesiments 10 N81 iDctyYllexpendilure TraThsfgts Olher recogni gainslQo85esl Gainsl{1055esl on revalu3bon offixed assets Otherg&insl{105Se5) 17,916 85.605 {2.705.T161 I2,602.1) Nel Pknernenl In lund9 17,916 85.605 12.705.7161 12.602.196) Reconclliation of funds Total Funds brought 203.431 4.345.796 4,549,227 Toial fJJt¢d8 tarried l>war 289 035 1640 080 1947 031 The noies on p3ues 18 TD27fomi part oflhe5e accomts. The thtre no recoonised oèlns and los for 2020 otherlhan Ihose induded in Ihe Slalemenl ol FinatFcval Aclwilre5. All inctynE and exp¢ndilve r4aie$ i¢ tontinuino operatioDF.
STJObV5 CHURCH, MARBORNE. BIRMINGHAM lAttltis ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020 31st Do¢ornber2019 funds utrIctert General Fund tse$lgrtad Fund funds 019 and ndowmÈttts from.. Note t10nali$ and lega¢ias Chatable acbvibes Invgsimèr>lS Other 131.340 7KJ.626 30.732 1.633.7&4 2.528,701 30,732 19.070 19.070 Ttstsi inojrmtr 131.340 7x358 1ts52.805 2.578.503 rtdlture on.. Rav6ing f&ft¢$ 7.200 ?.482.195 124.140 882.121 475.934 Other Toial e%pndilurt 882,121 475,934 1.489.395 Net Iticomellexpend41ur21 belore aluatIon 187,7631 1.176,871 1,089.10B motgins¢to$on v81allOn ol Invesiments IG 75.664 75.664 Net1nconW[expEnthlre} Trnnslers b8lMEBn funds ¢)Iher gain51llossesl Gainslllossesl on revaluabon ol fixed asse15 CAherganslPosses) 187.7631 1,252,535 1.7.7?5 Nplmtyvemfjnt fvnds 18T,7631 1252.535 1.164.773 Reconcdiatlon of fund3 Toia1 Funds bffjuohl 291.194 3.093,261 3.3S4.4S5 Tolaltsnds Carrd forwd 203 27 The ndes oft pages 18 1027 fom pari of Iheseaccounls. There e no ieccgnised gains and105Sa5 for 2020 olh8rlhan those included in Slalefflenl ol Ftnancia Activilies. Ail intotne 4rtd &xpendiiJr¢ relates continuiry oper8tkin$. Galn5 11055P5 on reVdli0 ol iTwesltnpnis T01ate$ to Housing Fun l
ST JOHN% CHLIRCH, HARBORNE, BIRMINGHAM AC¢IXIP4TS FOR THE YEAR ENDED 31ST DECEMBER 2QZ Restrl hJndB 31$tDweThbeY2020 Note Unrestr5Ctpd fund5 Total fund5 202 Gen&[ fnd Dt$19nated Fund Flxtd As5¥ts'. TattgibleAssei$ Investment Prwbes 10 10 700.000 179.000 700.000 179.000 Total fixed assets 879.000 879.ODD CuT¥entAssets Oèbts 1nvssleftts (Short letm dep05ill Cash 81 b8nk aThJ in hand Toial curreniAssets 120 68.043 66.382 194,525 234.190 302,23J 1 082 8S9 Y,149,221 f 336 270 1.470.795 19.341 Lr8bilitieA erèdiiws.. AmowNS tsII¥)g duemthin oneyear Creditors and accrue(I clwges Loans repayable thin on8 year 12 11.d251 [327.2621 149.0791 1341.8851 149,0791 Net Current AsseLS 17.916 289,035 772.880 1.079.831 Ctrditors.- AThiburts fallinp dueafter one year Loans repayable alterone year 111.80DI Total Assets kss LlabililiAS 1140 080 1947 031 The furK15 of Ihecharlty ETth¥vmenl Resknelert Imds Unrestn¢ied fw Desiwats 13 13 13 17.916 17.916 289.035 1.64Q.Q80 289.035 1.640,080 Total fwts 1.10,13 17.916 289.035 1.640.080 t.947.1 Totsi ftsnd5 1 947 031 AprK0v by the PCC on 29th March 2021 and on Its behalf by. Chatrman." R•vd Leonwd 8tts
8T JOHP¥S CHURCM. HAR80R14E, BIRMIIIGHAM ACCOL¢NTS FOR THE YEAR ENDED 31ST DECEMBER 2020 Balallce Sheot 31stD4¢mt 2019 Note Re5tr1cted fricted f Total Gereral Fnd tkygnaled Fund 201è Flxed Assets.- TanyibleAsws Invesiment opertits io FOO.000 119.000 700.000 t79.000 Toal fixed as5e15 879.000 879,OOD CurrntAssets Dèbknrs InVeStrnlS ISh(¥t iemt depos) Cash ai bank af¥J in Yolal currer¥tassets 1.222 56.882 45f.922 2,521,579 509.825 2,521,579 727 920 3.759.324 171 123 227.805 6.499 3.52S.020 Liwbi1itSp CrèditalA.' Amothts falllny duè or year CrediloT5 and acGfLEBd charg&$ LoaD5 fypay8blevthhin one ye¥r 12 16.4991 124,3751 (8.3MI 138.0791 1392181 138,0791 NelCurrenlA5se15 203.430 3.478.59Y 3,682.Q27 CvditOrs.' Amouilty 18111ny ttuq 4ftgrono ye•r Loans repabIe2fter Dneyear 111.8001 111.4001 Toial As$ef$ 198$ crrOnr Llabll 13 The funds olthfy eharmy Resincied inwma lunds Unrestrfcled D&signat2d 203,431 4.34s.r96 4.549.227 T*)lal fu4 4 549 227 IL
)1 B154 7 t593 IW2.11 1AW11ll i&wi 119m 3?6J I.ST67TU 2.EZI.b79 I3F 2521579 12.521.5T* 3.453 127.920 Z5ZIJ7 356.3 {J4or9) 15 1433 TE1 17
ST JOHN'S CHURCH, HARBORNE, BIRMINGHAM NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 202 Note 1: A¢countift oliGies for the ear ended 31st December 2020 The financial statements have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard (FRS) FRS 102 applicable from 1 January 2015 and current Church Accounting Regulations. The financial statements have been prepared on a going conrn basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £. The charity constitutes a public benefit entity as defined by FRS102 and is registered as a charity in England and Wales. Its principal office is St John's Church, High Street. Harbome, Bimiingham, B17 9PT. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. (a) Funds Unrestricted funds Represent general fijnds which can be used for PCC ordinary purposes. Funds designated for a p8rticular purpose by the PCC are also unrestricted. Restricted fiinds Represent." (a) Income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest- and (b) Donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year must be carried forward as a balance of that fund. (b) Income Voluntary income and capital sources Planned giving and donations receivable under gift aid is recognised only when received. ne¥jr10 08/20J6
STJOHN'S CHURCH, HARBORNE, BIRMINGHAM Note 1.. Accounting policies for the year ended 31st December 2020 {continued) Income tax recoverable on gift aid donations is recognised when the income is recognised. ColleGtions are recognised when received by or on behalf of the PCC. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement. the amount due is quantifiable and its ultimate receipt by the PCC is probable. Income pledged towards the Building for Mission project along with any associated gift aid 15 recognised as soon as the PCC is notified of the pledge. c. Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Church activities The diocesan common fund is accounted for when paid. Any amounts unpaid at 31 December are provided for in these accounts as a constructive (though nol a legal) obligation and is shown as a creditor in the bslance sheet. Expenditure is recognised once there is a legal or construclive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All costs are allocated beeen the expenditure categories of the Statement of Financial Activities on a basis designed to refiect Ihe use of the resource. Costs relating to a particular activity comprise both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Grants and donations made by Global Partner Support Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Operating Leases Rentals payable under operaling leases are Charged to the Statement of Financial Activities on a straight line basis over the term of the lease. Holiday Pay Accruals The annual holiday period runs from Ihe 1SE January to the 31st DeGeTnber each year (same as financial reporting period) and annual leave is expected to be taken during the year on a "take it or lose if basis. Any remaining at the year-end would be only a few (Jays and is therefore considered insignificanl and no accrual has been made. 19
ST JOHN'S CHURCH. HARBORNE. BIRMINGHAM Note 1: Accounting policies for the year ended 31st December 2020 (continued) {d) Flxed Assets Consecrated land and buildings and movable church furnishings Consecrated and beneficed property is excluded from the financial statements by s.10 (2) {a) of the Charities Act 2011. No value is placed on movable church furnishings held by the Church Wardens on special trust for the Parochial Church Council and which require a faculty for disposal since the Parochial Church Council considers this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and movable church fumishings. whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities. Freehold land and buildings used for charitable purposes & investment propethes The properties held by the Charity are revalued from time to time as necessary and have been included at estimaled fair value. (e) Current assets Amounts owing to the Parochial Church Council at 31 December in respect of fees. rents or other income are shown as debtors less provision for amounts that may prove uncollectable. Short term deposits include cash held on deposit at the bank. (fj Going concern The financial slatements have been prepared on a going concern basis as the truslees believe thal no material uncertainties exist. The truslees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with Ihe level of reserves for the charity to be able to continue as a going concern. (g) Judgements and key sources of estimation uncertainty In applying the accounting policies the trustees are required to consider judgements made and key sources of estimation uncertainly which might have a significant effect on the amounts recognised in the financia5 statements or impact on the carying amounts of assets and liabilities within the next financial year. These include estimations of the fair value of fixed asset investment properties. and tangible fixed asset properties. 20
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