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2020-12-31-accounts

REGISTERED CHARITY NUMBER: 1132975

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 FOR

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LAURENCE, NORTHFIELD BIRMINGHAM

ig POLKADOT & ELLIS

Incorporating John Ellis & Co.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SeereeEnnn enerST. LAURENCE, NORTHFIELD, BIRMINGHAM.

CONTENTS

PAGE Report of the Trustees 1-6 Independent Examiner's Report : 7 Statement of Financial Activities 8 Balance Sheet 9 Notes to the Financial Statements 10-20

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. LAURENCE, NORTHFIELD, BIRMINGHAM.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

Administrative information

St. Laurence’s Church is situated in Northfield, Birmingham. It is part of the Diocese of Birmingham within the Church of England (CofE). The correspondence address is St Laurence Church, Northfield Birmingham B31 2LX. The Parochial Church Council (PCC) is a registered charity, Charity number 1132975.

The Trustees (who are the PCC members) have served during the year to 31st December 2020 and were members until the date of signing: The Revd Canon Janet Chapman Mr Jeffrey Carr Appointed 18th October 2020 Mrs Ruth Clarke Mrs Elaine Clements (Treasurer) Mrs Debbie Keeves Retired 18th October 2020 Mrs Jennifer King Mr Robert Mayne Appointed 18th October 2020 Mrs Marianna Melville Retired 18th October 2020 Mrs Geraldine Merrick Mrs Christine Michael Retired 18th October 2020 The Revd Theresa Morton Appointed 27th June 2020 Mrs Aileen Paterson Retired 30th July 2020 Mrs Hilda Pouncett Retired 18th October 2020 Mr Roy Pouncett Ms Linda Powell The Revd David Pycock Mr Mark Reynolds Retired 18th October 2020 Mrs Sandra Reynolds Ms Sarah Vernon Appointed 18th October 2020 Miss Janice Wones

Secretary Mrs Emily Corns Independent examiner MR R B Welch MA FCA John Ellis & Co Ltd The Barn, 173 Church Road Northfield, Birmingham B31 2LX

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF a REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

RECTOR’S REPORT

We continue to give thanks to God for His love and faithfulness by which we have travelled through the Covid. 19 pandemic and continue to do so. By His grace we have been enabled to adapt our worship and mission in order to nurture our congregation and walk alongside many community organisations to deliver effective care within the parish of St Laurence, Northfield during 2020. This is a summary report. All the reports to be presented to the Annual Parochial Church Meeting (APCM) are available either by request (tel 0121 475 1518) or on the church web-site https:/Awww.stlaurencenorthfield.org/uploads/6/4/4/1/6441792/annual_report_2020__for_2021_meeting_.pdf The 2020 APCM was postponed from March to October so we did not review the goals until late in the year. | therefore include the goals and progress for both 2019/20 and 2020/2021 ° To register as an Eco-church and achieve bronze accreditation: completed cae April 2020 2020 die

2020/21 goals (set late 2020)

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, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF oe epp|e_le REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

Worship and Church Life

My priority as Rector, as we went into lockdown in March 2020, was to keep the congregation worshipping together as much as possible even though worshipping at home. The ability to chat to one another whilst worshipping was also vital to sustain us ‘being’ St Laurence, Northfield. 9.30am on Sundays and 10am Wednesdays became the times to gather for Holy Communion on Zoom/Conference Call with the reflective service of Compline on Conference Call. Until March 2020 the latter was held only in Advent and Lent but now continues every Wednesday. We quickly acquired our own YouTube channel and Sunday School became a pre-recorded service, with many families sending in contributions. We then made it an in-person “Sunday School Service” under strict Covid guidelines when we could. As we entered 2021 it became an interactive Zoom service. Many other services were added to YouTube and members of the congregation enjoyed sending in photographs to build montages set to hymns and organ voluntaries.

The church web-site, our FaceBook pages and Twitter messages have very much supported our worship, pastoral communications and provision of vital information. We have also been providing a series of themed trails around the churchyard: Saints, Christmas, NHS staff etc.

We continue asa ‘training parish.’ The Revd Theresa Morton joined us as assistant curate in June 2020 and was eventually ordained deacon in September. Ordinand, Claire Whitmore, has made us her ‘Link Parish.’ Both have brought wisdom, energy and technical skills to the team.

The ‘Look-out’ groups established in 2019 came into their own, offering a considerable amount of Pastoral Care to the congregation through the telephone. The ministry team quickly got into the routine of sending out c130 packs about every 6 weeks to all on the Electoral Roll. They included spiritual, practical and a few fun resources to keep people in touch and to boost morale.

Sadly, we were unable to complete the local ecumenical Lent Course but we were able to run an ‘Exploring Faith’ course via Zoom later in the year. The Mother’s Union paused meeting for much of the year but members kept in touch by phone and mailings. The ‘Gridiron’ quickly adapted to Zoom and meeting outside when permitted and we managed a few quizzes on Zoom and even a ‘raise your glass to our new curate’.

We have been delighted to replace our notice boards in the churchyard and at the entrance to the Pastoral Centre using the balance of a Birmingham City Council Local Innovation Fund. In addition we have been able to add to them and now have a church/community notice board.

We have been fortunate to have been spared congregational deaths from Covid-19 but we were greatly saddened by the death of Clare Blackshaw following a short illness and also Dorothy Giles. Both had been involved in many aspects of church life over the years. May they Rest in Peace and Rise in Glory.

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Outreach and Serving the Community

Beer and Hymns at the local pub was the last thing we did in the community prior to lockdown. Evening Prayer at the YMCA had to stop, as did the Community Choir, the Stay and Play Group and all the activities in the Pastoral Centre. However, links with Masefield Community Garden have continued and enabled bird boxes to go up in the churchyard.

We invested heavily in the maintenance of the churchyard during 2020 and, in a sense, this well-tended green space became our gift to the locality as many enjoyed their permitted daily exercise within it.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF eenes Ss REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

We were able to engage with the community in many new ways through #NorthfieldRevealed. The project proved nimble in adapting the original plans; the Tapestry Project aspect proved to be a great community activity during lockdown and much of the work with schools has been completed Northfield Stakeholders Group has co-ordinated the food bank and lots of other emergency support with meetings being held weekly for many months. | made them a diary priority along with local Ward Meetings for many months but have been delighted to start sharing the load with Revd Theresa. In recent months we have both become Covid-champions too

Our Charitable Giving has continued in various ways:

Financially: we estimate that members of St Laurence Church raised over £3,000 for the following causes;

People Power with Churches Together in Northfield

Governance

St Laurence PCC is governed by the Parochial Church Council Powers Measure 1956 as amended and the Church Representation Rules. Regarding 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.

The governing body is the Parochial Church Council (PCC) which quickly adapted to Zoom and has met far more frequently than usual but since March 2020 has absorbed the work of the 3 sub-committees namely Fabric, Worship and Social & Fundraising.

The PCC considers Health and Safety and Safeguarding at each meeting and we continue to improve our practice. We employ two members of staff in administration, sexton duties and caretaking and we continue to be committed to paying at least the Living Wage Foundation’s minimum rates.

The Church of England operates a Synodical System of Governance and we have played our part with active contributions to the Deanery Synod with Anne Pycock serving as Secretary. Our Lay Reader, Janice Wones, serves on the Diocesan Reader Committee. Our Mothers’ Union Branch Leader is also a Vice-president and trustee of Birmingham Diocesan Mothers’ Union and Anne Pycock serves on the Faith & Policy Committee. The Rector is one of the Bishop’s Advisers on Funeral Ministry which includes running a training day for newly ordained deacons — on Zoom in 2020!

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

Finance

Christian stewardship involves the commitment of time and talents as well as finances. A major review of financial stewardship was due in 2020 but will be undertaken in 2021.

As noted in last year’s accounts our finances have been adversely affected by Coivd-19. We have particularly lost income from collections at services as well as fees from fundraising, weddings and funerals as well as from community bookings in the Pastoral Centre. However, planned giving and other donations from church people have held up well and we received a legacy of £60,000 which we plan to use pay for the proposed new lighting system. Some ways of being able to donate electronically have attracted unexpected donations. We have also benefited from the receipt of restricted grants this year totalling £48,650. We would like to give thanks to The National Lottery Heritage Fund (£32,850), Harlow Trust, administered by Keble College, (£10,000), Edward Cadbury Trust (£5,000) and Baron Davenport's Charity (£800) for their support. We furloughed our caretaker/sexton for some of the time and have benefitted by £6,676 from the government scheme. Due to the closure of the church building, church running costs are down by about 60%. In respect of Common Fund, in 2020 the PCC committed to 'narrowing the gap' between what we were paying and the ask from CofE Birmingham. We agreed a 10% increase on the previous year, but later in the year all parishes were asked to see if they could help more because of Covid. The 2020 ask was £68,019 (but less 2% discount = £66,659 if we pay regularly which we do.) We originally agreed with the Diocese to pay £57,200, but by June we were paying a little ahead of this and the PCC agreed we would keep on 'being a bit ahead’ as our response to the additional ask. In total we paid £60,040. Itis worth noting that in 2018 we paid in full the amount asked £49,498. We were aware that we were receiving in effect a subsidy of circa £20,000. In 2019 the method of assessment was changed and we started being asked for an amount which was more realistic. Note: Common Fund covers the cost of clergy, training and some Diocesan costs.

Our investments increased slightly in value during the year, despite the significant mid-2020 drop reported in last year’s accounts. We give thanks that overall, we are blessed with sound finances, and a congregation with generous hearts. We recognise that we need to use our wealth appropriately for the maintenance and renovation of our buildings and be generous in our funding of the mission of God’s church.

Psalm127.1 Unless the Lord builds the house, those who build it labour in vain.

Lord, we thank you for past generations who have built and preserved St Laurence Church. Grant us unity in your vision of how it should be renewed to continue to witness to your saving love. Grant us, too, the patient courage to take forward your vision; we ask this in Jesus’ name. Amen

Psalm 90.17 May the gracious favour of the Lord our God be upon us; prosper our handiwork; O prosper the work of our hands

The Revd Canon Janet E. Chapman Rector May 2021

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

Wn Approved by the Parochial Church Council on IS June 2021 and signed on its behalf by:

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Trustee (PCC member) Trustee (PCC member)
Kecloy “Te gsturer
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF nn SPP OPST. LAURENCE,neNORTHFIELD, i eeBIRMINGHAM.Lee se ee

Independent Examiner's Report to the PCC of The Ecclesiastical Parish of St. Laurence, Northfield, Birmingham

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| report on the accounts for the year ended 31 December 2020, which are set out on pages 4 to 16.

Respective responsibilities of The PCC and Independent Examiner.

The members of the PCC are responsible for the preparation of the financial statements. The PCC consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is required.

It is my responsibility to

Basis of 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 charity 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 the PCC concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit and consequently | do not express an audit opinion on such matters.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention:

Mr R B Welch MA FCA

John Ellis & Co Ltd The Barn, 173 Church Road Northfield

Birmingham B31 2LX

Date 22:06,4%..Y0.: 208AACE.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. LAURENCE, NORTHFIELD, BIRMINGHAM.

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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Note Unrestricted Funds Unrestricted Funds TOTAL TOTAL
Ordinary Designated Restricted FUNDS FUNDS
INCOME & ENDOWMENTS from: Funds Funds Funds 2020 2019
£ £ £ £ £
Donations, legacies & grants 2(a) 52,501 60,000 48,650 161,151 73,838
Appeal donations 2(b) - - 95 95 2,155
Charitable activities
- to further the Council's objectives 2(c) 41,558 - 16,139 57,697 66,900
- to generate funds 2(d) 1,172 - - 1,172 6,628
Investments 2(e) 4,637 6 - 4,642 4,400
Other income 2(f) 391 - = 391 1,190
TOTAL INCOME & ENDOWMENTS (page 13) 100,258 60,006 64,884 225,148 155,111
EXPENDITURE on:
Grants and Charitable donations 3(a) - - 13,390 13,390 -
Activities directly related to the work of the Church 3(b) 117,508 - 23,411 140,919 138,018
Charitable activities 3(c) - - 2,500 2,500 285
Other 3(d) 2,131 - - 2,131 3,498
TOTAL EXPENDITURE (page14-15) 119,639 - 39,301 158,940 141,801
NET INCOME/ (EXPENDITURE) (19,381) 60,006 25,583 66,208 13,310
TRANSFERS BETWEEN FUNDS 9 9,942 (9,942) - - -
NET INCOME/ (EXPENDITURE) AFTER
TRANSFER OF FUNDS (9,439) 50,064 25,583 66,208 13,310
GAINS/(LOSSES) ON INVESTMENT ASSETS
- realised = = = -
- unrealised 19,478 - - 19,478 39,352
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NET MOVEMENT IN FUNDS 10,039 50,064 25,583 85,686 52,662
BALANCE B/FWD AT 1 JANUARY 2020 10 425,171 9,936 77,103 512,211 459,548
BALANCESC/FWDAT31DECEMBER2020 9 435,210 60,000 102,687 597,897 512,211

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. LAURENCE, NORTHFIELD, BIRMINGHAM.

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BALANCE SHEET AS AT 31st DECEMBER 2020

Note 2020 2019
£ £
FIXED ASSETS
Tangible fixed assets
Investment assets		 5(a)
5(b)		 185,721
265,061		 185,999
241,035
Total Fixed Assets 450,781 427,034
CURRENT ASSETS
Debtors and Prepayments 7 15,485 21,041
Central Board of Finance Deposit Account 68,335 2,484
Cash at bank and in Hand 67,991 71,202
Total Current Assets 151,811 94,727
LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
Creditors and accrued expenses 8 (4,695) (9,550)
Net Current Assets 147,116 85,176
NETASSETS 597,897 512,211
FUNDS
Unrestricted
Designated
Restricted		 9
9
9		 435,210
60,000
102,687		 425,171
9,936
77,103
597,897 512,211

Approved by the Parochial Church Council on 1[June][2021][and][signed][on][its][behalf][by:]

a ] Trustee (PCC Member) Trustee (PCC Member) Kef ttov— The notes on pages 6 to 16 form part of these accounts.“Treasurer

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. LAURENCE, NORTHFIELD, BIRMINGHAM. i NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 and under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets and in accordance with the Financial Reporting Standard 102, the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Income and expenditure is generally recognised within the accounts when receivable or payable.

Funds

Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.

Incoming Resources

Voluntary income and capital sources

Collections are recognised when received by or on behalf of the PCC.

Planned giving receivable under covenant is recognised only when received.

Income tax recoverable on covenants or gift aid donations is recognised when donations to which they relate to is received and the claim has been agreed for HM Inspector of Taxes.

Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due.

Funds raised by fundraising and similar events (activities directly related to work of the church) are accounted for gross.

Sales of books, cards and candles are accounted for gross.

Other ordinary income

Rental income from the letting of the Pastoral Centre facilities, The Barn and Car Park are accounted for when receivable.

Parochial fees due to the PCC for weddings, funerals etc. are accounted for when received with the exception of wedding deposits paid in advance for the following year and are net of fees payable to the Diocese.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. LAURENCE, NORTHFIELD, BIRMINGHAM.

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting policies (continued)

Payments received from the Government Coronavirus Job Retention Scheme for furloughed employees is netted off against gross payroll expenses.

Income from investments

Dividends and interest are accounted for when receivable.

Gains and losses on investments

Realised gains or losses are recognised when investments are sold or exchanged. Unrealised gains or losses are accounted for on revaluation of investments at 31st December each year.

Resources Used

Expenditure is accounted for on an accruals basis except where appropriate it is on a matching 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.

Grants and charitable donations

Grants and charitable donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Activities directly relating to the work of the church

The diocesan quota or parish share is accounted for when payable. The quota has been paid in full during the year.

Fixed Assets

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is excluded from the accounts by s.10 (2)(a) and (c) of the Charities' Act 2011.

No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. LAURENCE, NORTHFIELD, BIRMINGHAM.

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NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Other land and buildings

No depreciation is provided for on The Pastoral Centre and The Barn as the current estimated residual values of the properties are not less than their carrying value and the remaining useful life of these assets exceeds 50 years.

Other fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a reducing balance basis at 25%. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Investments Investments are valued at market value at 31 December each year.

Current Assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors Current Liabilities

Amounts owing by the PCC for goods and services received and are creditors at 31st December. This also includes amounts due to other institutions and individuals where the PCC acts as an agent. Defered income is in respect of wedding deposits in advance.

Taxation

The church is exempt from tax on its charitable activities

Pension costs and other post-retirement benefits

Contributions are made to an auto enrolment pension scheme for those staff that are eligible and have not opted out.

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: THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. LAURENCE, NORTHFIELD, BIRMINGHAM.

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

2 INCOME & ENDOWMENTS
Unrestricted Funds TOTAL TOTAL
Ordinary Designated Restricted FUNDS FUNDS
Funds Funds Funds 2020 2019
£ £ £ a £
2(a) Incoming Resources from donors, legacies & grants
‘Planned Giving
Collections
Donations
Income Tax recoverable including GASDS
Grants
Legacies		 36,491
2,772
5371
7,867
-
-		 -
-
-
-
-
60,000		 -
-
-
-
48,650
-		 36,491
2,002
5,371
7,867
48,650
60,000		 37,969
12,849
8,857
12,052
1,110
1,000
52,501 60,000 48,650 161,151 73,838
2(b) Other Voluntary Income
Appeals - - 95 95 2,155
2(c) Income from operating activities:
to further the Council's objectives
Long term rental of PCC property (Barn and car park)
PCC Property community income
Wedding & Funeral Fees (net of fees to Diocese and		 13,358
20,156		 -
-		 -
-		 13,358
20,156		 11,879
30,525
reimbursement of heating and organ upkeep) 8,044 - 16,139 24,183 24,496
41,558 - 16,139 57,697 66,900
2(d) Income from operating activities:
to generate funds
Otherfund raising activities 1,172 - - 1,172 6,628
2(e) Investment Income
Interest
Dividends		 64
4,573		 6
-		 -
-		 70
4,573		 137
4,263
4,637 6 - 4,642 4,400
ee
2(f) Otherordinaryincoming resources
Tea & Coffee
Candles, cards, books etc		 195
196		 -
-		 -
-		 195
196		 587
603
pe
CC
391 - - 391 1,190
i,
TOTALINCOME &ENDOWMENTS 100,258 60,006 64,884 225,148 155,111
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF

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NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

3 EXPENDITURE
Unrestricted Funds TOTAL TOTAL
Ordinary Designated Restricted FUNDS FUNDS
Funds Funds Funds 2020 2019
£ £ £ £ £
3(a) Grants andcharitable donations
Donations
Northfield Revealed		 -
-		 -
-		 -
13,390		 -
13,390		 -
7
- - 13,390 13,390 -
3(b) Activities directlyrelating to
the work ofthe Church
Ministry
Diocesan Common Fund		 60,040 - - 60,040 51,720
Travel, training and Ministers’ expenses 230 - 94 323 810
Church Running Expenses
Heating & Lighting etc.
(Reimbursment of heating)
Insurance		 3,185
(1,020)
7,904		 -
-
-		 -
-
-		 3,185
(1,020)
7,904		 7,222
-
7,091
Church Maintenance & Repairs
Upkeep ofchurchyard
Upkeep oftheservices including organistfees
Flowers
.		 848
-
1,672
-		 -
-
-
-		 3,547
12,920
401
79		 4,395
12,920
2,072
19		 1,984
2,/87
4,844
423
Legaland professional fees
SundaySchooland children's ministry		 -
229		 -
-		 -
-		 -
229		 1,898
384
Pastoral Centre and Barn running costs
Heating & Lighting, water etc.
(Reimbursment of heating & lighting)
Cleaning and refuse
Insurance		 9,089
(369)
1,125
759		 -
-
-
-		 -
-
-
_
=		 9,089
(369)
1,125
759		 8,672
-
3,255
716
Maintenance and repairs
Depreciation
Employment costs
Printing, Post, Stationery,Telephone etc		 5,767
278
22,547
5,223		 -
-
-		 2,987
-
3,383
-		 8,755
278
25,930
5,223		 7,688
371
29,944
8,207
; a
117,508 . 23,411 140,919 138,018
a
Balances carried forward 117,508 - 36,801 154,309 138,018
a ee

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. LAURENCE, NORTHFIELD,BIRMINGHAM.

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NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

3 EXPENDITURE (CONTINUED)

EXPENDITURE (CONTINUED)
Unrestricted Funds TOTAL TOTAL
Ordinary Designated Restricted FUNDS FUNDS
Funds Funds Funds 2020 2019
£ £ £ £ £
Balances brought forward 117,508 - 36,801 154,309 138,018
Costs ofgenerating funds
Cost of other fundraising activities - - 2,500 2,500 285
= S 2,500 2,500 285
Church Management and Administration
Bank charges 60 - - 60 65
Publicity 264 - - 264 1,128
Accounts and Independent Examination 1,500 - - 1,500 1,500
Miscellaneous 308 - - 308 806
2,131 - - 2,131 3,498
TOTALEXPENDITURE 119,639 - 39,301 158,940 141,801

3(d) Church Management and Administration

TOTAL EXPENDITURE

EMPLOYMENT COSTS
2020 2019
£ £
Wages and Salaries 23,900 28,204
National Insurance
Pension		 1,748
282		 1,525
215
25,930 29,944
Theaveragemonthlynumberofemployeesduringtheyear 2 2

The average monthly number of employees during the year

No employees received emoluments in excess of £60,000.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. LAURENCE, NORTHFIELD, BIRMINGHAM.

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NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

5 FIXED ASSETS FOR USE BY THE PCC

5(a) Tangible Fixed Assets

Tangible Fixed Assets
Fixtures
Freehold and
property fittings Totals
£ £ £
COST
At 1 January 2020 184,885 8,279 193,164
Additions - - -
At 31 December 2020 184,885 8,279 193,164
DEPRECIATION
At 1 January2020 - 7,165 7,165
Charge for year - 278 278
At 31 December 2020 - 7,443 7,443
NET BOOK VALUE
At 31 December 2020 184,885 835 185,721
At31December2019 184,885 1,114 185,999

The freehold property comprises the Pastoral Centre and The Barn. The Barn was originally the stables to the Rectory and funds were raised in the 1960's/70's to convert The Barn so that it could be used for youth work. This is still honoured today with the Scouts using part of The Barn for storage and the remaining space is used as offices. No depreciation is made in respect of this.

Consecrated and benefice property is not included in the accounts in accordance with s96(2)(a) of the Charities Act 1993.

5(b) Investments

Investments
Investments No of Cost Market Market price
Shares/
Units		 Price Unit
Price		 2020 2019
£ £ £ £
Central Board of Finance Investment
Fund Income Shares
Market price 1 January2020 b/fwd
Additions (dividends reinvested)
Unrealised gain (loss) on revaluation
Market price 31 December2020 c/fwd		 7,836
235
8,071		 91,563
4,548
96,111		 19.17
20.48		 150,189
4,548
10,587
165,323		 122,717
4,285
23,187
150,189
COIF Accumulation Units
Market price 1 January2020 b/fwd 483 43,159 188.19 90,847 74,681
Disposal
Unrealised gain
Market Price 31 December 2020 c/fwd		 =
-
483		 2
-
43,159		 206.60 -
8,891
99,738		 =
16,165
90,847
Totalinvestmentsat31December2020 8,553 139,270 265,061 241,035

Within the investments £31,446 are held in the restricted Churchyard fund.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. LAURENCE, NORTHFIELD, BIRMINGHAM.

‘

,

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

6 ANALYSIS OF NET ASSETS BY FUND

Unrestricted Funds Unrestricted Funds Restricted Funds Restricted Funds Restricted Funds Total Total
Ordinary Designated] Church Church Other
Funds Funds Yard Porch Funds 2020 2019
£ £ £ £ £ £ a
Tangible Fixed Assets 185,721 - - - - 185,721 185,999
Investment Fixed Assets 233,614 31,446 265,061 241,035
Current Assets 19,870 60,000 20,530 28,121 23,289 151,811 94,727
Current Liabilities (3,995) - - - (700) (4,695) (9,550)
Long term Liabilities - = = = = = =
Fund Balances 435,210 60,000 51,976 28,121 22589 597,897 512,211
7 DEBTORS 2020 2019
£ £
Gift Aid Unrestricted 9,000 12,016
Gift Aid
Restricted		 - =
Rental income (Car Park) 1,000 4,000
Barn Utilities 3,500 3,200
PCC Property community income 1,985 1,825
15,485 21,041
8 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019
£ £
Trade creditors and accruals 3,161 8,073
Deferred income 834 200
Agency creditor 700 1,278
4,695 9,550

8

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. LAURENCE, NORTHFIELD ,BIRMINGHAM.

,

;

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

9 MOVEMENTS IN FUNDS AND DETAILS

Balance Incoming Incoming Resources Transfers Transfers Realised Revaluations Balance
at Resources Used between Gains/Losses of at
1 Jan 2020 Funds onInvestments Investments 31 Dec 2020
£ £ 3 £ £ S
Unrestricted Funds
Ordinary 425,171 100,258 (119,639) 9,942 - 19,478 435,210
Designated:
Emergency fund 1,379 6 - (1,385) - - -
Legacies fund 8,557 60,000 - (8,557) - - 60,000
Total Designated funds 9,936 60,006 - - 9,942 - - 60,000
Total Unrestricted Funds 435,108 160,264 (151,832) - - 19,478 495,210
Restricted Funds
Churchyard fund 53,209 15,070 (16,303) - - - 51,976
Flower fund 1,710 - (79) - - - 1,631
Hand bells fund 118 - - - - - 118
McMurray fabric and 5,287. - (5,287) - 7 - -
Ministry education fund 2,158 1,088 (94) - - - 3,153
Church Porch fund 9,368 20,000 (1,247) - - - 28,121
Organ fund 5,252 51 (401) - - = 4,902
Northfield Revealed fund 2 22,850 (15,890) - a - 6,960
Safe Spaces fund = 5,825 - - - 5,825
aa
Total Restricted Funds 77,103 64,884 (39,301) - - - 102,687
nae
genre
CEEOe
Total Funds 512,211 225,148 (158,940) - - 19,478 597,897
aag
ee
SE

DESIGNATED FUNDS

The designated funds are used to place funds which the PCC wishes to set aside for future projects and are as follows:

Emergency fund

The income in this fund is increasing each year due to interest received on money held in a bank account in the funds name. The PCC may use this fund for any emergency expenditure.

Legacies fund

The income in this fund is generated by legacy donations and the expenditure of this fund is decided by the PCC and not used for the general running of the church.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. LAURENCE, NORTHFIELD ,BIRMINGHAM.

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NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

9 MOVEMENTS IN FUNDS AND DETAILS CONTINUED

RESTRICTED FUNDS

The restricted funds are used for the purposes described by the names of the funds. They have arisen as a result of specific fund raising and from legacies and donations which have specified the usage for those funds and are as follows:

Churchyard fund

The income is generated from burials (including ashes) - the portion entitled “contribution to ongoing upkeep of the churchyard.” It can be drawn down for the proportion of the wages of the sexton and the time the administrator spends on these duties and for additional contracted labour as well as upkeep of paths, fencing, legal fees and other matters linked to the churchyard as determined by the PCC.

Flower fund

Income is generated from funerals, weddings and specific donations. Expenditure from the fund includes both fresh and silk flowers, the Christmas Tree and incidentals e.g. oasis and ribbons.

Hand bells fund

Income is generated from donations often from playing the hand bells in the community. Expenditure includes costs of upkeep of the bells, travelling to venues and other expenses for community bell ringing e.g. uniform.

McMurray Fabric and Churchard fund

The fund was donated for the use of replacement fabric and upkeep of the church's assets.

Ministry education fund

The income is generated from the portion of funeral and wedding fees to which SSM ministers, retired clergy and Readers, are entitled and have chosen to waive in favour of St Laurence PCC on the understanding that the money is placed in the ‘Ministry Education (Restricted) Fund’ to enable further training and retreats for clergy and lay people who minister or volunteer at the Church of St Laurence, Northfield (including themselves). Should the fund build up beyond the PCC 3 year budget for these purposes they have consented for the money to be moved into PCC general funds.

Church Porch fund

The income in this fund has be been generated by specific donations and grants given for the building of the interior - church porch. Expenditure from this fund includes labour and materials for the refurbishment and professional architect fees. Organ fund The original money comes from an insurance pay out when the organ was damaged by a lightning strike. The money may be drawn down to cover organ maintenance including regular tuning. It receives regular income from the portion of ‘use of organ’ fee for weddings and funerals.

Northfield Revealed fund

Grants and donations towards the running of a series of events (2020 — 2023) to ‘reveal’ the Northfield conservation area including St Laurence Church to a wider audience. The fund should be fully wound up at the end of the project.

Safe Spaces fund

Income is generated from grants and donations given to fund the running of “Larry’s” — an afterschool club run by St Laurence Church. Monies can be drawn down to cover the running costs incurred e.g heating the Pastoral Centre.

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1HE PAROCHIAL CHURCH COUNCIL OF IHE ECCLESIAS IICAL PARISH OF ST. LAURENCE, NORTHFIELD, BIRMINGHAM.

..

. NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

19 PRIOR YEAR COMPARISON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2019

31 DECEMBER 2019
Note Unrestricted Funds TOTAL
Ordinary Designated Restricted FUNDS
INCOME &ENDOWMENTS from: Funds Funds Funds 2019
£ £ £ £
Donations 2(a) 73,088 - 750 73,838
Other Donations & legacies 2(b) - - 2,155 2,155
Charitable activities
- to further the Council's objectives 2(c) 58,355 - 8,545 66,900
- to generate funds 2(d) 6,628 - - 6,628
Investments 2(e) 4,390 10 - 4,400
Other income 2(f) 1,190 - - 1,190
TOTAL INCOME & ENDOWMENTS 143,651 10 11,450 155,111
EXPENDITURE on:
Grants and Charitable donations 3(a) - - = -
Activities directly related to the work of the Church 3(b) 126,715 - 11,303 138,018
Charitable activities 3(c) 285 - - 285
Other 3(d) 3,498 - - 3,498
TOTAL EXPENDITURE 130,498 - 11,303 141,801
NET INCOME/ (EXPENDITURE) 13,153 10 147 13,310
TRANSFERS BETWEEN FUNDS - = -
NET INCOME/ (EXPENDITURE) 13,153 10 147 13,310
GAINS/(LOSSES) ON INVESTMENT ASSETS
- realised
- unrealised		 7
39,352		 -
-		 =
-		 ‘
39,352
NETMOVEMENT IN FUNDS 52,505 10 147 52,662
BALANCE B/FWD AT 1 JANUARY 2019 372,667 9,926 76,956 459,549
nn
BALANCES C/FWDAT 31 DECEMBER 2019 425,171 9,936 77,103 512,211
ce

20