## _**THE BRIERLEY HILL TEAM MINISTRY**_
_St.Michael’s Brierley Hill, Christ Church Quarry Bank St.John’s Brockmoor, St.Paul’s Hawbush_
## _**IN THE DIOCESE OF WORCESTER**_
The Vicarage Maughan
Street
Quarry Bank Brierley Hill DY5 2DN
## **Team Rector’s Report on Brierley Hill Team Accounts 2021**
Whilst the 2021 accounts are healthy from the perspective of capital held within the team, each separate part of the Team is aware of the challenges that are faced.
Income over Expenditure is clearly a problem. The ongoing effects of the pandemic in 2021 inevitably had an effect on income with less hiring out of venues and some worshippers remaining cautious about returning to worship. I am grateful to those who have made use of less traditional ways of giving, for example through the Parish Giving Scheme, Direct Debit, Contactless Card, including the virtual contactless card which allows card donations to be collected securely over the phone and text giving. The number of donors using the envelope scheme or simply placing cash in the collection plate has declined accordingly which is much easier administrative wise.
The cost of maintaining plant in three venues remain significant and to some extent these plants future well-being depends on regular patterns of maintenance and repairs holding out well. The support from the Diocesan Buildings Team in these matters has been invaluable.
It is clear that for a healthy and sustainable future each venue will need to continue to work to increase donations, recognising that much generous giving already takes place, as well as finding relevant ways of serving the local community.
With thanks to treasurers and all who assist in the financial management of the parish.
## _David Hoskin_
Revd Canon David Hoskin Rector of The Brierley Hill Team
_**01384 565480 rev.davidhoskin@hotmail.com The PCC of the Team Parish of Brierley Hill is a registered charity: no. 1132884**_
01384 565480 bhteam@hotmail.co.uk
**REGISTERED CHARITY NUMBER: 1132884**
**Report of the Trustees and Unaudited Financial Statements For The Year Ended 31 December 2021**
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 2021**
||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 2021**
The trustees present their report with the financial statements of the charity for the year ended 31st December 2021. 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 2021**
## **FINANCIAL REVIEW - prepared by the Rector of the Team**
## **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 2021 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 2021**
|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
£
38,911
2,395
1,351
7,612
7,211
57,480
63,202
1,440
11,742
76,384
(18,904)
(18,904)
(6)
(18,910)
16,182
(2,728)
298,149
295,421|Restricted
funds
£
5,394
191
45
5,630
12,409
1,978
14,387
(8,757)
(8,757)
(8,757)
(8,757)
98,256
89,499|Endowment
funds
£
2,286
2,286
3,200
3,200
(914)
(914)
(914)
(914)
8,129
7,215|2021
Total
funds
£
44,305
2,586
3,682
7,612
7,211
65,396
78,811
1,440
13,720
93,971
(28,575)
(28,575)
(6)
(28,581)
16,182
(12,399)
404,534
392,135|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)
2651
(5,461)
(5,461)
409,995
404,534|
|---|---|---|---|---|---|
The notes form part of these financial statements
Page 4
## **BRIERLEY HILL TEAM**
## **PAROCHIAL CHURCH COUNCIL**
## **Balance Sheet**
## **As at 31 December 2021**
|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
£
942
150,651
147,150
298,743
3,322
295,421
295,421
295,421|Restricted
funds
£
10,772
78,727
89,499
89,499
89,499
89,499|Endowment
funds
£
7,215
7,215
7,215
7,215
7,215|2021
Total
funds
£
942
161,423
233,092
395,457
3,322
392,135
392,135
392,135
295,421
89,499
7,215
392,135|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|
|---|---|---|---|---|---|
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 2021**
## **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 2021**
## **2 ACTIVITIES FOR GENERATING FUNDS**
|Fundraising events
Magazine receipts
Traidcraft income
**INVESTMENT INCOME**
Dividends and interest
Current asset investment income|2021
£
2,311
275
2,586
102
3,580
3,682|2020
£
876
390
-
1,266
107
5,946
6,053|
|---|---|---|
## **3 INVESTMENT INCOME**
## **4 TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
## **Trustee's Expenses**
There were no trustee's expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
## **5 STAFF COSTS**
|Organist salary
Other salaries and support
**6**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 January 2021 and 31 December 2021
**DEPRECIATION**
At 1 January 2021
Charge for year
At 31 December 2021
**NET BOOK VALUE**
At 31 December 2021
At 31 December 2020|2021
2020
£
£
840
840
840
840
Plant and
Machinery
£
-
-|
|---|---|
Page 7
## **BRIERLEY HILL TEAM PAROCHIAL CHURCH COUNCIL**
## **Notes to the Financial Statements - continued**
**for the Year Ended 31 December 2021**
|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|2021
£
942
2021
161,423
2021
3,322
3,322|2020
£
1,040
2020
£
145,241
2020
£
-
2,487
2,487|
|---|---|---|
Page 8
## **BRIERLEY HILL TEAM**
## **PAROCHIAL CHURCH COUNCIL**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
|**10**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Fabric fund
Traidcraft
Hand bell restoration
Church maintenance
Choir
Childrens' work
Flower Guild
Fisher Trust
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**|1.1.21
£
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|Net movement
in funds
£
(18,904)
109
1,156
139
206
(8,658)
(24)
300
242
(650)
(446)
63
(515)
(764)
(8,757)
(914)
(28,575)|Gains and
Losses
£
16,182
16,182|Adjustments
£
(6)
(6)|31.12.21
£
295,421
55,390
89
2,617
647
318
(8,658)
3,904
156
400
6,728
168
70
3,615
20,304
63
398
3,143
62
89,499
7,215
392,135|
|---|---|---|---|---|---|
Page 9
## **BRIERLEY HILL TEAM**
## **PAROCHIAL CHURCH COUNCIL**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **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
Fisher Trust
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
£
57,480
109
85
500
1,430
63
746
242
236
1,289
430
500
5,630
2,286
65,396|Resources
expended
£
76,384
361
274
24
8,658
515
446
1,510
30
1,289
430
650
200
14,387
3,200
93,971|Movement
in funds
£
(18,904)
109
85
139
1,156
(24)
(8,658)
63
(515)
(446)
(764)
242
206
(650)
300
(8,757)
(914)
(28,575)|Gains and
Losses
£
16,182
16,182|Adjustment
£
(6)
(6)|Transfer
between funds
£|
|---|---|---|---|---|---|---|
Page 10
**REGISTERED CHARITY NUMBER: 1132884**
**Report of the Trustees and Unaudited Financial Statements For The Year Ended 31 December 2021**
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 2021**
||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 2021**
The trustees present their report with the financial statements of the charity for the year ended 31st December 2021. 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 2021**
## **FINANCIAL REVIEW - prepared by the Rector of the Team**
## **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 2021 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 2021**
|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
£
38,911
2,395
1,351
7,612
7,211
57,480
63,202
1,440
11,742
76,384
(18,904)
(18,904)
(6)
(18,910)
16,182
(2,728)
298,149
295,421|Restricted
funds
£
5,394
191
45
5,630
12,409
1,978
14,387
(8,757)
(8,757)
(8,757)
(8,757)
98,256
89,499|Endowment
funds
£
2,286
2,286
3,200
3,200
(914)
(914)
(914)
(914)
8,129
7,215|2021
Total
funds
£
44,305
2,586
3,682
7,612
7,211
65,396
78,811
1,440
13,720
93,971
(28,575)
(28,575)
(6)
(28,581)
16,182
(12,399)
404,534
392,135|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)
2651
(5,461)
(5,461)
409,995
404,534|
|---|---|---|---|---|---|
The notes form part of these financial statements
Page 4
## **BRIERLEY HILL TEAM**
## **PAROCHIAL CHURCH COUNCIL**
## **Balance Sheet**
## **As at 31 December 2021**
|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
£
942
150,651
147,150
298,743
3,322
295,421
295,421
295,421|Restricted
funds
£
10,772
78,727
89,499
89,499
89,499
89,499|Endowment
funds
£
7,215
7,215
7,215
7,215
7,215|2021
Total
funds
£
942
161,423
233,092
395,457
3,322
392,135
392,135
392,135
295,421
89,499
7,215
392,135|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|
|---|---|---|---|---|---|
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 2021**
## **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 2021**
## **2 ACTIVITIES FOR GENERATING FUNDS**
|Fundraising events
Magazine receipts
Traidcraft income
**INVESTMENT INCOME**
Dividends and interest
Current asset investment income|2021
£
2,311
275
2,586
102
3,580
3,682|2020
£
876
390
-
1,266
107
5,946
6,053|
|---|---|---|
## **3 INVESTMENT INCOME**
## **4 TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
## **Trustee's Expenses**
There were no trustee's expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
## **5 STAFF COSTS**
|Organist salary
Other salaries and support
**6**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 January 2021 and 31 December 2021
**DEPRECIATION**
At 1 January 2021
Charge for year
At 31 December 2021
**NET BOOK VALUE**
At 31 December 2021
At 31 December 2020|2021
2020
£
£
840
840
840
840
Plant and
Machinery
£
-
-|
|---|---|
Page 7
## **BRIERLEY HILL TEAM PAROCHIAL CHURCH COUNCIL**
## **Notes to the Financial Statements - continued**
**for the Year Ended 31 December 2021**
|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|2021
£
942
2021
161,423
2021
3,322
3,322|2020
£
1,040
2020
£
145,241
2020
£
-
2,487
2,487|
|---|---|---|
Page 8
## **BRIERLEY HILL TEAM**
## **PAROCHIAL CHURCH COUNCIL**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
|**10**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Fabric fund
Traidcraft
Hand bell restoration
Church maintenance
Choir
Childrens' work
Flower Guild
Fisher Trust
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**|1.1.21
£
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|Net movement
in funds
£
(18,904)
109
1,156
139
206
(8,658)
(24)
300
242
(650)
(446)
63
(515)
(764)
(8,757)
(914)
(28,575)|Gains and
Losses
£
16,182
16,182|Adjustments
£
(6)
(6)|31.12.21
£
295,421
55,390
89
2,617
647
318
(8,658)
3,904
156
400
6,728
168
70
3,615
20,304
63
398
3,143
62
89,499
7,215
392,135|
|---|---|---|---|---|---|
Page 9
## **BRIERLEY HILL TEAM**
## **PAROCHIAL CHURCH COUNCIL**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2021**
## **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
Fisher Trust
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
£
57,480
109
85
500
1,430
63
746
242
236
1,289
430
500
5,630
2,286
65,396|Resources
expended
£
76,384
361
274
24
8,658
515
446
1,510
30
1,289
430
650
200
14,387
3,200
93,971|Movement
in funds
£
(18,904)
109
85
139
1,156
(24)
(8,658)
63
(515)
(446)
(764)
242
206
(650)
300
(8,757)
(914)
(28,575)|Gains and
Losses
£
16,182
16,182|Adjustment
£
(6)
(6)|Transfer
between funds
£|
|---|---|---|---|---|---|---|
Page 10