REGISTERED CHARITY NUMBER: 1132884
Report of the Trustees and Unaudited Financial Statements For The Year Ended 31 December 2020
for
BRIERLEY HILL TEAM PAROCHIAL CHURCH COUNCIL
M. J. Grainger & Co. 196 High Street Quarry Bank Brierley Hill West Midlands DY5 2JP
BRIERLEY HILL TEAM
PAROCHIAL CHURCH COUNCIL
Contents of the Financial Statements For the year ended 31 December 2020
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner’s Report | 3 |
| Statement of Financial Activities | 4 to 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 10 |
BRIERLEY HILL TEAM
PAROCHIAL CHURCH COUNCIL
Report of the Trustees
For the year ended 31 December 2020
The trustees present their report with the financial statements of the charity for the year ended 31st December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities' issued in March 2011.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1132884
Principal address
The Vicarage Maughan Street Quarry Bank Brierley Hill West Midlands DY5 2DN
Trustees
The members of the Parochial Church Council
Independent Examiner
M. J. Grainger & Co. 196 High Street Quarry Bank Brierley Hill West Midlands DY5 2JP
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
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BRIERLEY HILL TEAM PAROCHIAL CHURCH COUNCIL
Report of the Trustees cont'd
For the year ended 31 December 2020
FINANCIAL REVIEW - prepared by the Rector of the Team
The pandemic dominated the year in the life of the church as it did around the whole world. With church buildings closed for public worship for many weeks, much thanks is due to all who enabled online worship to be offered on a Sunday and through the week. Keith and Tracey created an audio service week by week for St. John's, whilst the choir contributed greatly to worship offered via Christ Church.
Many appreciated what was being offered, finding it a great source of comfort and hope. Facebook likes grew.
The parish welcomed Carol Weston as a self-supporting curate on a part-time basis. It has been a very difficult year to join a new organisation and praise is due to Carol for her perseverance.
The PCC continued to carry on its business via Zoom and email correspondence (now allowed by the Church Representation Rules).
The Parish was involved in offering over 70 funerals during the year, some being cover for neighbouring clergy who were shielding.
It has been good to see the number of people who have found alternative ways of making donations with the Parish Giving Scheme, standing orders, text giving and donations via card all being used well.
Fund raising came to a virtual standstill so those voluntary contributions became even more vital.
St. Michael's reported a £16,000 decline in overall resources, explained through the cost of fabric improvements .
Christ Church reported a marginal increase in overall resources as less income was balanced by less expenditure.
St. John's was not able to hire out the building. This, along with a fall in the number of regular donors, led to a significant drop in income.
Parish Share of £35,000 was contributed across the Parish, just short of what had been asked, so an excellent result. However, it must be recognised, that this figure is well short of the annual cost needed to fund a stipendiary priest so we await with interest what effect moving to a more transactional Parish Share system will have on clergy resources.
St. Michael's has been able to continue to improve its fabric following a significant with new LED lighting in nave, chancel side chapel, kitchen and vestry.
Christ Church has also introduced LED lighting which, with a new boiler introduced in 2018, reduces carbon footprint.
Grant-funded improvements at St. John's have been finished.
ON BEHALF OF THE PAROCHIAL CHURCH COUNCIL
………………………………………………………………………….
Date:……………………………………………
Page 2
Independent Examiner's Report to the Trustees of
BRIERLEY HILL TEAM
PAROCHIAL CHURCH COUNCIL
We report on the accounts for the year ended 31 December 2020 set out on pages two to seven.
Respective responsibilities of Trustees and Examiner
The members of the DCC are responsible for the preparation of the accounts. The members of the DCC consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act;
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to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
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to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the DCC and a comparison of the accounts presented with those records. It also includes consideration of
any unusual items or disclosures in the accounts, and seeking explanations from you as members of the DCC concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, mo matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material aspect, the requirements
-
to keep accounting records in accordance with Section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting Requirements of the 2011 Act have not been met, or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
M. J. Grainger & Co. 196 High Street Quarry Bank Brierley Hill West Midlands DY5 2JP
Date: ………………………………………
Page 3
BRIERLEY HILL TEAM
PAROCHIAL CHURCH COUNCIL
Statement of Financial Activities
for the Year Ended 31 December 2020
| Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income Activities for generating funds 2 Investment income 3 Incoming resources from charitable activities Church Activities Other incoming resources Total incoming resources RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income Fundraising trading: cost of goods sold and other costs Charitable activities Church Activities Governance costs Other resources expended Total resources expended NET INCOMING/ (OUTGOING) RESOURCES BFEORE TRANSFERS Gross transfers between funds Net incoming/(outgoing) Resources before other recognised gains and losses Adjustments Other recognised gains/losses Gains/losses on investment assets Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 45,861 823 3,470 7,549 3,728 61,431 112 65,151 1,440 13,763 80,466 (19,035) (19,035) 1,241 (17,794) 315,943 298,149 |
Restricted funds £ 38,287 443 308 201 39,239 22,715 6,258 28,973 10,266 10,266 1,410 11,676 86,580 98,256 |
Endowment funds £ 2,275 2,275 1,618 1,618 657 657 657 7,472 8,129 |
2020 Total funds £ 84,148 1,266 6,053 7,549 3,929 102,945 112 89,484 1,440 20,021 111,057 (8,112) (8,112) 2,651 (5,461) 409,995 404,534 |
2019 Total funds £ 335,841 9,379 4,961 12,112 6,322 368,615 590 113,645 1,440 27,406 143,081 225,534 225,534 1,960 227,494 227,494 182,501 409,995 |
|---|---|---|---|---|---|
The notes form part of these financial statements
Page 4
BRIERLEY HILL TEAM
PAROCHIAL CHURCH COUNCIL
Balance Sheet
As at 31 December 2020
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Debtors 7 Investments 8 Cash at bank and in hand CREDITORS Amounts falling due within one year 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 10 Unrestricted funds Restricted funds Endowment funds TOTAL FUNDS |
Unrestricted funds £ 1,030 136,273 163,333 300,636 2,487 298,149 298,149 298,149 |
Restricted funds £ 10 8,968 89,278 98,256 98,256 98,256 98,256 |
Endowment funds £ 8,129 8,129 8,129 8,129 8,129 |
2020 Total funds £ 1,040 145,241 260,740 407,021 2,487 404,534 404,534 404,534 298,149 98,256 8,129 404,534 |
2019 Total funds £ 1,384 143,699 267,867 412,950 2,955 409,995 409,995 409,995 315,943 86,580 7,472 409,995 |
|---|---|---|---|---|---|
The financial statements were approved by the Parochial Church Council on …………………………………….. and were signed on its behalf by:
…………………………………………………………………………
…………………………………………………………………………
The notes form part of these financial statements
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BRIERLEY HILL TEAM PAROCHIAL CHURCH COUNCIL
Notes to the Financial Statements
for the Year Ended 31 December 2020
1 ACCOUNTING POLICIES
Accounting convention
T he FCC is a public benefit entity within the meaning of FRS102.
The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individuals accounts of PCCs, and with the Regulations' 'true and fair view'' provisions, it is also the first year that they have been prepared under FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).
ASSETS
Investments
Investments quoted on a recognised stock exchange or whose value derives from them are valued at market value at the year end. Other investment assets are included at PCC's best estimate of market value.
Short Term Deposits
These are the cash held on deposit either with CCLA or at the bank.
Incoming Resources
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the payment is due. Grants and legacies are accounted for when the DCC receives the amounts due. Dividends, interest and all other income are recognised when received.
Resources expended
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. Any parish share unpaid at the year end is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor on the Balance Sheet.
Taxation
The Church is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds
These represent the remaining income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use for spending on a future project and which are therefore not included in its ''free reserves'' as disclosed in the trustees' report.
Restricted funds
These are income funds that must be spent on restricted purposes and details of the funds held and restrictions provided are shown in the notes to the accounts.
Endowment Funds
These are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or benefit derived from the capital may be restricted or unrestricted.
Full details of all their restrictions are shown in the notes to the accounts.
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BRIERLEY HILL TEAM
PAROCHIAL CHURCH COUNCIL
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
2 ACTIVITIES FOR GENERATING FUNDS
| Fundraising events Magazine receipts Traidcraft income INVESTMENT INCOME Dividends and interest Current asset investment income |
2020 £ 876 390 1,266 107 5,946 6,053 |
2019 £ 8,989 390 - 9,379 105 4,856 4,961 |
|---|---|---|
3 INVESTMENT INCOME
4 TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustee's Expenses
There were no trustee's expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
5 STAFF COSTS
| Organist salary Other salaries and support 6 TANGIBLE FIXED ASSETS |
2020 2019 £ £ 840 700 840 700 Plant and Machinery £ |
|---|---|
COST
At 1 January 2020 and 31 December 2020
DEPRECIATION
| At 1 January 2020 Charge for year At 31 December 2020 NET BOOK VALUE At 31 December 2020 At 31 December 2019 |
- - |
|---|---|
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BRIERLEY HILL TEAM PAROCHIAL CHURCH COUNCIL
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
| 7 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income 8 CURRENT ASSET INVESTMENTS Listed investments 9 CREDITORS : AMOUNTS FALLING DUE WITHIN ONE YEAR Loans and overdraft Other creditors |
2020 £ 1,040 145,241 2,487 2,487 |
2019 £ 1,384 2019 £ 143,699 2019 £ - 2,955 2,955 |
|---|---|---|
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BRIERLEY HILL TEAM
PAROCHIAL CHURCH COUNCIL
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
| 10 MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Fabric fund Traidcraft Hand bell restoration Church maintenance Choir Childrens' work Flower Guild Community Organ fund New café chuch Craft class Building for the Future fund Christmas tree/fayre fund Lunch club Sundry collections Easy exercise class Vicar's Discretionary fund HLF Project Messy Church 3 C's Youth Group Sound system Churchyard Sundry Charities Endowment funds Endowment fund TOTAL FUNDS |
1.1.20 £ 315,943 54,576 69 31 616 212 67 3,904 180 100 5,429 168 34 - 3,092 12,670 (856) 1,218 161 481 4,379 62 (13) 86,580 7,472 409,995 |
Net movement in funds £ (19,035) 705 20 1,430 (108) (100) 1,057 36 (237) 7893 347 (305) (472) 10,266 657 (8,112) |
Transfers between funds £ |
Adjustments £ 1,241 (67) 1,410 187 509 (161) (481) 13 1,410 2,651 |
31.12.20 £ 298,149 55,281 89 1,461 508 112 3,904 180 100 6,486 168 70 4,265 20,750 913 3,907 62 98,256 8,129 404,534 |
|---|---|---|---|---|---|
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BRIERLEY HILL TEAM
PAROCHIAL CHURCH COUNCIL
Notes to the Financial Statements - continued for the Year Ended 31 December 2020
10 MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Fabric fund Hand bell restoration Choir Childrens' work Vicar's Discretionary fund Traidcraft Church maintenance New café church Community Sound system Messy Church 3 C's Youth Group HLF Project Churchyard Sundry Kingdom people fund Building for the Future fund Flower Guild Charities Christmas tree/fayre fund Organ fund Sundry collections Easy exercise class Lunch club Legion fund Womens fund Craft class Building fund Boiler fund Endowment funds Endowment fund TOTAL FUNDS |
Incoming Resources £ 61,431 705 20 6,330 539 50 28,932 72 1,057 985 185 163 201 39,239 2,275 102,945 |
Resources expended £ 80,466 108 4,900 192 355 21,039 544 100 985 185 400 165 28,973 1,618 111,057 |
Gains and Losses £ |
Movement in funds £ (19,035) 705 (108) 20 1,430 347 (305) 7,893 (472) 1057 (100) (237) 36 10,266 657 (8,112) |
Adjustment £ 1,241 (67) (481) 509 (161) 187 1,410 13 1,410 2,651 |
Transfer between funds £ |
|---|---|---|---|---|---|---|
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