**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.
Page 1
## **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;
- 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
- 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
- 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
Page 5
## **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.
Page 6
## **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|-
-|
|---|---|
Page 7
## **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|
|---|---|---|
Page 8
## **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|
|---|---|---|---|---|---|
Page 9
## **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
£|
|---|---|---|---|---|---|---|
Page 10