# **Parochial Church Council of St. Peter’s, Pedmore** _Charity Number 1133783_ 

## **Annual Report** 

# **Year Ended 31 December 2020** 



## TRUSTEES’ REPORT 

## AIM AND PURPOSES 

St Peter’s Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent, in promoting in the parish of Pedmore, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the St Peter’s Centre. As part of recent legislation, the PCC must report on “Public Benefit.” This Public Benefit is reflected in the statements of Objectives and Activities below. 

## OBJECTIVES AND ACTIVITIES 

The PCC is committed to enabling people to worship at St Peter’s and to become Christians. 

Our vision is to be a growing all age church, experiencing and sharing the love of God with the people of Pedmore. So, we: 

- Support each other as individuals, groups and as a whole church. 

- Seek to put St Peter’s at the heart of the wider community in Pedmore. 

- Work together to reach out 

The PCC maintains an overview of worship, and endeavours to enable worship and other church activities to put faith into practice. The PCC’s remit includes: 

- Worship and prayer 

- Learning about the Gospel 

- Developing knowledge and trust in Jesus 

- Pastoral care 

- Outreach. 

To facilitate this work it is important that we maintain the fabric of the Church and the St Peter’s Centre. 

## STRUCTURE, GOVERNANCE AND MANAGEMENT 

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Powers Measure. The PCC is a Registered Charity (Registration number 1133783). St Peter’s Church is part of the Diocese of Worcester within the Church of England and is situated in Pedmore Lane, Pedmore, Stourbridge DY9 0SW. The method of the appointment of PCC members is governed by and set out in the Church Representation Rules. The membership of the PCC consists of the priest in charge, churchwardens, readers who wish, and members elected by those members of the congregation who are on the Electoral Roll. The trustees of the PCC are also trustees of the St Peter’s Centre Pedmore Charity which has provided loans to the PCC in connection with the building of the St Peter’s Centre. 

During 2020 the PCC has continued to comply with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults). In particular, the PCC has continued to use the 



safeguarding toolkit provided by the Diocese as a way of self-assessment to ensure that it fulfils its duties and responsibilities. 



PAROCHIAL CHURCH COUNCIL OF ST PETER’S, PEDMORE Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. During the period from 1 January 2019 to the date of this report the following served as members of the PCC: Priest in charge:  The Rev'd Canon W David Nichol* Readers:  Mr Richard Sarjeant* Vice Chair Mrs Mary German* Wardens:  Mrs Pauline Rollason*, Mrs Joy Evans* (from 30[th] April 2019) Representatives on the Deanery Synod:  Mrs Joan Coleman*, Mrs Anne Vincent (didn’t stand for re-election at the APCM 2020), Mrs Corrinne Sarjeant (resigned 14[th] September 2020) Elected members: 

- Mr Malcolm Medcraft* 

- Mrs Mary Medcraft* 

- Mrs Sharon Challand (resigned 24[th] January 2020) 

- Mr David Reeson*, Treasurer 

- Ms Julia Savage 

- Mr Tim German* 

- Mrs Jane Cooper (resigned 2[nd] December 2020) 

- Mrs Jenny Neale (resigned 7[th] March 2020) 

- Mrs Anne Vincent* 

* were trustees at the time the report was agreed by the PCC PCC Secretary Mrs Sally-Anne Hedworth (not a member of the PCC) Safeguarding officer Mrs Elaine Hurry (not a member of the PCC) 

## COMMITTEES 

The PCC operates though a number of committees which meet between full meetings of the PCC: 

Standing Committee. This is the only committee required by law. It has the power to transact the business of the PCC between its meetings subject to any directions given by the council. 

St Peter's Centre Committee. To represent the council in the operation of St Peter's Centre under Terms of Reference agreed by the council. Mission Committee. To act as prayer support for mission societies. To raise and distribute monies to various mission and charitable organisations. To act as an informational and educational body of the Church. Pastoral and Church Family Committee. To co-ordinate the pastoral care of people associated with St Peter’s and promote events that encourage fellowship and well-being amongst the church community. Staffing Committee and Staffing Appeals Committee. To support the work of paid employees and the volunteers who serve the church 

The PCC Chair and Vice Chairman's Report and the Section Reports which follow on Pages 4 to 9 form part of this Trustees’ Report.  Approved by the Parochial Church Council on April 2021 and signed on its behalf by: 

David Nichol PCC Chair PCC CHAIRMAN'S 



It is safe to say that 2020 has been a year unlike many others in the annals of St Peter’s Pedmore.  The years started with two months of usual activities and worship.  A successful running of the Bible Course was held and plans for a Lent focused on the environment were put in hand.  The Covid 19 pandemic put an end to many activities as the church building was closed for all activities in March and worship was either on-line or via pre-recorded CD’s.  A group of people very quickly formed and organised a very effective community support scheme during the times of lockdown. Then in June churches were allowed to open for private prayer and this was offered for some weeks.  Before a return to in-person worship in July this was then ended in November with a further closure of church buildings.  The Christmas programme was arranged although with strict limits on the numbers attending but with a very successful trail for families running around the parish.  The plans for working with a Mission Enabler as part of the Calling Young Disciples programme run by the Diocese were largely put on hold during 2020 as a result of lockdown and staff being furloughed but this is something to look forward to in 2021. 

Thanks should go to all those who have made it possible for the life of the church to continue in some form during 2020 – to those who led worship, recorded services, produced CD’s, gave community support, served on the PCC, kept the church Covid secure, provided pastoral support, looked after the churchyard, cleaned the church and numerous other activities thank you. 

SECTION REPORTS 

PCC SECRETARY’S REPORT Sally-Anne Hedworth During the year the PCC have continued to monitor the finances of both St Peter’s Church and the St Peter’s Centre. 

During the year the Council has received financial updates for the Church Accounts and the St Peter’s Centre Accounts, and has been pleased to support recommendations from Partners in Mission to offer charitable support.  Payment of the Parish Share has continued to be a challenge. 

All the regular required checks on the church and St Peter’s Centre have been carried out. 

The last time the PCC met together in person was January 2020 and since that time has met regularly on Zoom. Standing Committee, who deal with day-to-day business between full PCCs has mostly conducted business through email and the telephone. 

There have been no Health & Safety issues and no Safeguarding issues reported to the PCC. 

The Centre was closed in March in line with Government requirements and Volunteers in the Church Office began to work from home and all revenue was lost. Thanks go to Brian Mitchell, St Peter’s Centre Treasurer, for successfully applying for Discretionary Grants from Dudley MBC which you will see from the Accounts has somewhat eased the financial deficit. The 



Office has remained open throughout with the exception of a period of self-isolation. The Centre Cleaner was furloughed due to the Covid 19 Pandemic. With ever changing directives from the government as they responded to the Pandemic the hiring of the Centre became complicated but it was prepared for reopening in September. Full Risk Assessments were completed and regular Hirers were contacted.  However, none of the Hirers booked to return during 2020. Consequently with the uncertain hours and requirements for cleaning of the Centre the Cleaner decided to tender her notice. A new cleaner has now been employed by St Peter’s Centre who can meet the flexibility needed at the present time. 

## FINANCIAL COMMENTARY David Reeson 

Unsurprisingly, 2020 was a difficult year financially although, for reasons explained below, we emerged from it relatively unscathed. Our regular income fell by 14% in 2020, but most of this reduction (70% of it) is explained not by falling collections because of fewer church services but by the residual effect of people moving churches in the first half of 2019. We are fortunate that a relatively high proportion of our active church members donate by standing order or some other method of regular giving. 

Overall, our expenditure fell by 7.5%. Many factors contributed to this reduction including the discontinuation of the Children and Family Worker’s contract, reduced fees to the PCC for funerals and weddings, lower maintenance and running costs, the PCC’s decision to reduce giving to our Mission Partners, and the suspension of the Parish magazine. However, the Accounts also show significant increases in some expenditure items, notably for projects. This ‘increase’ is an anomaly because it relates to the clock and tower restoration project which was fully funded by the estate of a former Pedmore resident and another private donation. We received most of the funds for this project in 2019 but spent the money in 2020. 

You will note in the Accounts a large increase from 2019 in income received for others and monies paid over to others (Sections 2(g) and 3(a) respectively). This increase is explained by the Covid-19 shopping scheme as described in the Pastoral and Church Family Report. 

Our largest item of expenditure, as always, was our Parish Share. In 2020, as in 2019, we paid £56,000 to the Diocese, 63.5% of the requested amount of £88,137. The current Parish Share scheme, based on the 2018 incomes survey, will be discontinued in 2022. It will be replaced by one that reflects more the total cost of resources we receive (as the Benefice of St Andrew’s and St Peter’s) from the Diocese, notably the salary and associated costs of a full-time stipendiary post. It is likely that our request will be more aligned with what we pay at present. 

When all one-off payments and income are removed the underlying trend was that our church’s routine operational expenditure exceeded our regular income by around £700 per month. Additionally, St Peter’s Centre underlying loss was about £500 per month because of the impact of the pandemic on hires. We have been fortunate in 2020 in that these losses have been cushioned by legacies of £11,000 with no restrictions on their use, one-off donations and grants for projects, and by the award of an 



Additional Restrictions Grant from Dudley MBC to compensate for the loss of St Peter’s centre hire income. 

Although we have been fortunate to receive further grants in the early part of 2021 our financial position in the long term remains precarious. We have to protect against the uncertainty of future costs associated with maintaining a Grade II listed building, an extensive churchyard, and the need to update and invest in the fixtures and fittings of St Peter’s Centre. We strive to maintain reserves of unrestricted funds equivalent to 6 months operational expenditure, and we are achieving that aim at present. We will need to use our best efforts in 2021 to promote stewardship and control expenditure. 

CHURCHWARDEN'S REPORT 2020 Pauline Rollason and Joy Evans **Church Fabric** 

The Inventory was not completed in March 2020 because of Covid lockdown and the church was closed. Tower Windows 

Three new leaded windows including new stainless-steel frames were fitted in the tower by Ester Naylor of Off the Wall stained glass specialists early in March at a cost of £885?  Excellent restoration work. Restoration of Turret Clock 

The Covid 19 pandemic did not prevent work starting on the 25[th] May.  The weather was good, which allowed the men from Cumbria Clocks to abseil from the tower and remove the two clock dials.  They were taken back to their workshop for restoration.  Dials were brought back wonderfully restored late June and  the clock workings then were taken away and finally late August the fully repaired and restored clock fitted with automatic winding, automatic regulator and night silencer was back in place.  There were a few problems to begin with but after fitting a different sprocket the clock since October has kept time. Total cost was £16880 plus VAT of £3376 which was reclaimed. The cost of the repairs to the tower last year, the new leaded windows in the tower and the complete repair and restoration of the turret clock was funded by the kind generosity from the estate of the late Anne Richardson. Outside Lighting 

A faculty granted to us in January 2020 allowed the fitting of three new outside lights all with Passive Infrared Sensors.  This has made the area around the Church much safer on dark nights for evening worship.  With the country in lockdown during the winter months only morning services have taken place so the full benefit of these lights is yet to be experienced. The cost of this amounted to £594 including VAT. Fundraising continued after the defibrillator was purchased and the money was used for this needed lighting for safety and security. Electrical Wiring 

A section of the wiring needed replacing together with the sockets.  Part of the wiring, which was in a cold damp area, the copper exposed wiring had become oxidised.  The cost for this work was £370 plus VAT of £74 Checks and Maintenance 

The Church Heating Boiler was serviced by HMS Ltd in February 2020 cost was £99.00 



Repair to the CCTV connection in March at a cost of £60.00 Electrical five yearly safety check by Stuart Holden Electrics in May 2020 and certificate issued costing £480.00 plus VAT £96.00 

The organ was last tuned December 2019.  Following specialist advice, it was decided that due to the organ being played so very little during the year tuning not needed unless it was brought to our attention by our organist that it was required. Fire Extinguishers were checked in July 2020 Portable Appliance Testing – 80 items tested October 2020 The Lighting Conductor checked in August 2018 is next due August 2023 

## **Churchyard and Paths** 

Three quotes obtained for resurfacing the paths leading from the Lychgate, all around the church and to the two back gates leading to the cricket pitch and Round Hill Avenue.  County Groundforce quote accepted at £9300 and the paths were resurfaced early in January 2021.  Two grants of £5000 and £2500, together with donations provided the money for this project to go ahead the total cost of £9300 

Dudley Council came and resurfaced the area from the bottom of the church drive/joining the pavement and the pavement to the road. Churchyard maintained to a very high standard by our group of volunteers. 

We have a problem with grave attenders placing stones around memorials. We are in the process of contacting all relatives stating that these are a health and safety issue to our volunteer churchyard workers when mowing and can damage our mowing equipment. We will pursue this line but if the stones are not removed we can ask the diocese for permission to remove after proving we have taken all possible steps to reach an agreement. 

## **Log Book** 

The Church Log Book has been kept up to date containing all the relevant information, documents and invoices for repairs and servicing of the church fabric. 

P Rollason Completed 20 April 2021 

STOURBRIDGE DEANERY SYNOD 2020 

During 2020 there were no meetings of Synod.  During the year plans were put in place to re-organise the Deanery by joining with Dudley and Kingswinford Deaneries. 

## PARTNERS IN MISSION 

The current pandemic is increasing the heartache, need and desperation, lived out in the lives of people who God calls our neighbour. St Peter’s Church during this pandemic still followed through with their Mission commitment to our Mission Partners. 

The six Mission Partners which St Peter’s support are: - Tearfund, Committee for Mission (Anna Sims), Church Army, The Children’s Society, Black Country Food Bank and Life Debt Stourbridge. 



PASTORAL AND CHURCH FAMILY REPORT Mary German This is clearly the most unusual, and definitely the hardest Pastoral and Church Family Report that I’ve had to write. 

**The Pastoral and Church Family Team recognise that pastoral care is undertaken by many of our church members, not just those who are members of the team and that has been particularly evident this year.** 

We held Pastoral Meetings on the 14[th] January and the 3[rd] March and had made arrangements for Speaker Breakfasts (including the new Bishop of Dudley) and Community Lunches, reviewed our hospitality arrangements e.g. Sunday breakfasts and coffee; contact with baptism families; work with the lonely. 

The usual work of the group; Sunday Breakfasts and Hospitality following services; A Community Lunch; Home Communions; Home Visits; Pastoral Cards; Regular services at Cedars Residential Home; supporting the work with the lonely e.g. Cafe Tuesday carried on until a decision was made on the 11[th] March to cancel the Community Lunch.  At the time, this decision seemed finely balanced, in retrospect it was absolutely the right thing to do! 

By Saturday 14[th] March it was clear that we were heading towards a lockdown and arrangements started to be made for Community Support during lockdown. 2400 cards were printed and distributed by Wednesday 18[th] March advertising the support available. 

On Thursday 19[th] March the Pastoral Group met with David Nichol to discuss how we could support the Church Family during lockdown. Plans were established for pastoral phone contact groups, recording of services and distribution of CDs.  The rest is history! 

## **Summary of Community Support** 

There was a team of St Peter’s volunteers supplemented by 6 members of the community.  We had 8 regular shoppers and 3 regular prescription collectors- all DBS checked. 

## **Shopping and Prescriptions** 

The team shopped for people up until July about 250 times, collected over 80 prescriptions and 10 click and collects. We shopped for people in Hagley, Pedmore, Stourbridge, Wollescote, Lye and Kingswinford. We supported Lloyds at Wychbury with pharmacy deliveries.  If they had someone who said they were unable to get their prescription picked up for them they would give them our contact details. The majority of these have been in the Wollescote area but also Halesowen, Cradley and Stourbridge. We have picked up prescriptions from Hagley Pharmacy, Lloyds Worcester St, Boots Ryemarket and Sainsbury Wythymoor and have had a couple of trips to RHH for prescriptions and to emergency pharmacies for medications. 

## **Other support** 

We helped with a whole range of requests – repairing doorbells, help with mobile phones, printing documents, sourcing washing lines, printer ink, envelopes, general advice etc. Masks and gloves were donated by members of the response group for distribution to those who needed 



them.  Donations covered the purchase of further stocks. The established prayer/friendship team worked with a number of people. 

## **Pastoral Support – Church Family** 

Pastoral phone connections worked well, but not perfectly. Up to 44 CDs were distributed each week by 4/5 volunteers – 33 to St Peter’s people, 3 to Residential Homes and up to 10 to St Andrew’s people. 

## **The Community Support Group and Black Country Foodbank** 

We supported the Black Country Foodbank very substantially.  The people of Pedmore are being very generous with their donations.  We collect Foodbank items from those who request it, about 5 people, some multiple times. Lockdown Challenge very successful in November 

## **Where we were at the end of 2020** 

Shopping for a few particularly vulnerable people – 3/4 shops per week Prescription pick ups – 2/3 per week at present Weekly visits to the Foodbank 

## **Christmas** 

Carol Singing – 45 homes were visited by 3 teams of Carol Singers on two consecutive nights in the run up to Christmas. Each person was given a Christmas Card from David Nichol and a box of Thorntons chocolate.  5 people had a delivery of chocolates only. 

Christingles taken to the 3 residential/care homes within the parish for residents and staff to make while watching/listening to service. 

## **In conclusion** 

2020 was a challenging year but a year where God worked wonderful things in our church and community. 

## MAGAZINE REPORT 

There were a couple of editions in 2020 and unfortunately for the rest of the year we were unable to produce a magazine.  As we come out of the pandemic there will be a need to review how we communicate with the parish. 

## CHILDREN AND FAMILIES WORK REPORT Jane Cooper 

## **Toddler Group** 

This group was continued for the first few months of the year on a weekly basis by volunteers from the Children and Families team and church members, all of whom were supported by our regular volunteer helper. The group provided play and social interaction opportunities for a group of children and parents/grandparents – numbers of children varied each week between approximately six and twelve. 

Unfortunately, the group has been unable to meet since early March due to the pandemic . 

## **Messy Church** 

Two Messy Church events were held this year in the Centre during January and February. From March we moved to Messy Church at Home (on our church website) which included themed activities and short 



worship/celebration sessions, led by Tony Maidment who branched out into excellent video presentations. 

It became clear that the focus needed to be to maintain contact with as many children and families as possible. Messy Church at Home sessions provided were: 

March 2020 Mothering Sunday/Easter May 2020 The Rainbow – Symbol of Hope June 2020 Pentecost October 2020 Looking after God’s World December 2020 Christmas 

## **Additional Children and Families Work** 

- During December, a Christmas package was delivered to all families on our data base. It contained: Church Christmas card (for those outside the parish), a Christmas story children’s book (donated), Christmas Messy Church at Home Activity Sheet, a copy of the ‘Follow the Star’ booklet for the Christmas Trail and information about Christmas services suitable for children and families and how to book these. 

- A Christmas Trail was organised and it was a huge success. It was wonderful to see so many children and families engaged in the activity and clearly enjoying themselves. Thank you to the Pastoral Team and all who helped! 

- The 3 identical Caroltingle Services were a great success, a video recording of the first service was put on the church website, as well as the usual audio recording being made available in advance. Margaret again led in the preparation of the oranges and the Christingle bags (150 in all!). Some were taken out to people in the parish unable to attend the services and also to local care homes. 

Many thanks to the Children and Families Team and all who have participated in any way with keeping the children and families work active during this incredibly challenging year. 

St Peter’s has endeavoured to provide excellent spiritual, emotional and social support to children and families in the past and will continue to do so. 

## **Looking Forward** 

2021 brings the start of the Calling Young Disciples project, led by Adam Legge, enabling both St Peter’s and St Andrews to focus on the future of children and families work in Pedmore and Wollescote (post – Covid). Please support this work through prayer and/or by offering to help in any way. 

STAFFING COMMITTEE REPORT Tim German 20[th] April 2021 The staffing Committee membership for the Year was as follows: Tim German: Chair Graham Hurry: Secretary Pauline Rollason, Mary Medcraft, Jane Cooper. 



David Nichol has attended all staffing committee meetings since taking up his post as priest in charge. 

## **1. Staff Employed by the PCC.** 

 Church Administrator 

The Church Administrator has continued to be line managed by the Priest in Charge working to the job specification and contract agreed at the role evaluation (November 2018). 

A lone working risk assessment was produced (3.3.20). 

 St. Peter’s Centre Cleaner 

The St. Peter’s Centre Cleaner resigned and left our employment on 1[st] November 2020. 

## **2. Volunteer Roles.** 

Volunteer role descriptions were finalised for each role that requires a safeguarding (DBS) check or where safeguarding might be an issue. 




# **Parochial Church Council of St. Peter’s, Pedmore** 

_Charity Number 1133783_ 

## **Annual Report** 

**Year Ended 31 December 2020** 



Parochial Church Council of St. Peter’s, Pedmore 

## **CONTENTS** 

|Chairman’s Report|1-3|
|---|---|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6-15|
|Independent Examiner’s Report|16|





Parochial Church Council of St. Peter’s, Pedmore Chairman’s Report 

## **AIM AND PURPOSES** 

St. Peter’s Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent, in promoting in the parish of Pedmore, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the St. Peter’s Centre. As part of recent legislation, the PCC must report on “Public Benefit.” This Public Benefit is reflected in the statements of Objectives and Activities below. 

## **OBJECTIVES AND ACTIVITIES** 

The  PCC  is  committed  to  enabling  people  to  worship  at  St.  Peter’s  and  to  become Christians. 

Our vision is to be a growing all age church, experiencing and sharing the love of God with the people of Pedmore. So, we: 

- Support each other as individuals, groups and as a whole church. 

- Seek to put St Peter’s at the heart of the wider community in Pedmore. 

- Work together to reach out 

The PCC maintains an overview of worship, and endeavours to enable worship and other church activities to put faith into practice. The PCC’s remit includes: 

- Worship and prayer 

- Learning about the Gospel 

- Developing knowledge and trust in Jesus 

- Pastoral care 

- Outreach. 

- 

To facilitate this work it is important that we maintain the fabric of the Church and the St. Peter’s Centre. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Powers Measure. The PCC is a Registered Charity (Registration number 1133783). St Peter’s Church is part of the Diocese of Worcester within the Church of England and is situated in Pedmore Lane, Pedmore, Stourbridge DY9 0SW. The method of the appointment of PCC members is governed by and set out in the Church Representation Rules. The membership of the PCC consists of the priest in charge, churchwardens, readers who wish, and members elected by those members of the congregation who are on the Electoral Roll. The trustees of the PCC are also trustees of the St Peter’s Centre Pedmore Charity which has provided loans to the PCC in connection with the building of the St Peter’s Centre. 

During 2020 the PCC has continued to comply with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults). In particular, the PCC has continued to use the safeguarding toolkit provided by the Diocese as a way of selfassessment to ensure that it fulfils its duties and responsibilities. 

Annual Report for the Year Ended 31 December 2020 

Page 1 



Parochial Church Council of St. Peter’s, Pedmore 

Annual Report for the Year Ended 31 December 2020 

Page 2 



Parochial Church Council of St. Peter’s, Pedmore **CHAIRMAN’S REPORT (CONTINUED)** 

## **MEMBERSHIP** 

Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. During this period from 1 January 2020 to the date of this report the following served as members of the PCC: 

## **Incumbent:** 

Priest in Charge: The Rev’d Canon W David Nichol (from 22[nd] September 2019) 

## **Readers:** 

Mr Richard Sarjeant Mrs Mary German 

## **Wardens:** 

Mrs Pauline Rollason, Mrs Joy Evans 

## **Representatives on the Deanery Synod:** 

Mrs Joan Coleman Mrs Anne Vincent Mrs Corinne Sarjeant 

## **Elected members:** 

Mr Malcolm Medcraft Mrs Mary Medcraft Mrs Sharon Challand Mr David Reeson, Treasurer Ms Julia Savage Mr Tim German Mrs Jane Cooper 

Mrs Jenny Neale (from 30[th] April 2019) 

Annual Report for the Year Ended 31 December 2020 

Page 3 



Parochial Church Council of St. Peter’s, Pedmore **CHAIRMAN’S REPORT (CONTINUED)** 

## **COMMITTEES** 

The PCC operates though a number of committees which meet between full meetings of the PCC 

## _**Standing Committee**_ 

This is the only committee required by law. It has the power to transact the business of the PCC between its meetings subject to any directions given by the council. 

## _**Leadership Team**_ 

Comprising the leaders of the teams for communication, developing church family and pastoral matters, organisation and staff management, outreach and evangelism, family, young adults and children’s work, small groups and midweek activities, together with the Rector and future Parish Administrator, the Leadership Team works on policy and practice governing these areas of the life St Peter’s. 

## _**St Peter's Centre Committee**_ 

To represent the council in the operation of St Peter's Centre under Terms of Reference agreed by the council. 

## _**Mission Committee**_ 

To act as prayer support for mission societies. To raise and distribute monies to various mission and charitable organisations. To act as an informational and educational body of the Church. 

## _**Staffing Committee and Staffing Appeals Committees**_ 

These  two  committees,  acting  independently  of  one  another,  deal  with  routine  staff matters on behalf of the council and make recommendations on other changes. 

_O God, without your Holy Spirit we are powerless to be your kingdom people and do your work. In all times of change, help us in all our thoughts, prayers and actions to be led by you; and in our worship, in our outreach, and in our support for one another help us to know the sure guidance of your Spirit, that, in communion with brothers and sisters near and far away, we may seek the honour of our Lord Jesus Christ in all that we think, say and do, and bring glory to him, who is our risen Lord and Saviour now and always.  Amen._ 

Annual Report for the Year Ended 31 December 2020 

Page 4 



## Parochial Church Council of St. Peter’s, Pedmore Statement of Financial Activities **FOR THE YEAR ENDED 31 DECEMBER 2020** 

|**No**<br>**te**|**Unrestric**<br>**ted**|**Restrict**<br>**ed**|**Endowm**<br>**ent**|**TOTAL FUNDS**|**TOTAL FUNDS**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2020**|**2019**|
||**£**|**£**|**£**|**£**|**£**|
|INCOMING RESOURCES||||||
|Incoming resources from<br>generated funds||||||
|Voluntary income - Regular<br>_2a_|63,297|||63,297|73,464|
|Voluntary income - Occasional<br>_2b_|14,984|10,960||25,944|22,711|
|Activities for generating funds<br>_2c_|242|||242|2,382|
|Investment income<br>_2d_|91|280||371|710|
|Income in furtherance of Church<br>objects<br>_2e_|11,631|||11,631|28,719|
|Other incoming resources<br>_2f_|2,328|||2,328|1,352|
|Income received for others (see<br>Resources used)<br>_2g_|6,798|||6,798|2,782|
|TOTAL INCOMING RESOURCES|99,371|11,240||110,611|132,120|
|RESOURCES USED||||||
|Amounts collected for others<br>_3a_|6,798|||6,798|2,782|
|Fundraising trading costs<br>_3b_|353|||353|1,698|
|Charitable activities - Mission<br>gifts<br>_3c_|6,600|||6,600|8,800|
|Charitable activities - Parish<br>Share<br>_3d_|56,000|||56,000|56,000|
|Charitable activities - Out of<br>associated income<br>_3e_|4,095|||4,095|7,869|
|Charitable activities - Clergy &<br>services<br>_3f_|2,682|||2,682|14,999|
|Charitable activities - Church,<br>buildings & surrounds<br>_3g_|10,966|29,642||40,608|33,921|
|Charitable Activities -<br>Management & administration<br>_3h_|12,488|363||12,851|14,400|
|Other resources used<br>_3i_|||||0|
|||||||
|TOTAL RESOURCES USED|99,982|30,005||129,987|140,469|
|||||||
|TRANSFERS BETWEEN FUNDS|||||0|
|||||||
|NET INCOMING / (OUTGOING)<br>RESOURCES|(611)|(18,765)||(19,376)|(8,349)|
|||||||
|GAINS / LOSSES ON<br>REVALUING INVESTMENTS|||379|379|870|
|||||||
|NET MOVEMENT IN FUNDS|(611)|(18,765)|379|(18,997)|(7,479)|
|||||||
|Total Funds at 1 January 2019|65,370|198,126|5,521|269,017|276,496|
|||||||
|TOTAL FUNDS AT<br>31 DECEMBER 2020<br>_11_|64,759|179,361|5,900|250,020|269,017|



Annual Report for the Year Ended 31 December 2020 

Page 5 



## Parochial Church Council of St. Peter’s, Pedmore Balance Sheet **AS AT 31 DECEMBER 2020** 

|**AS AT 31 DECEMBER 2020**|||
|---|---|---|
|**No**<br>**te**|**TOTAL FUNDS**||
||**2020**|**2019**|
||**£**|**£**|
|FIXED ASSETS|||
|Tangible Fixed Assets<br>_5_|205,768|211,190|
|Investments<br>_6_|5,900|5,521|
||211,668|216,711|
||||
|CURRENT ASSETS|||
|Debtors and Prepayments<br>_8_|7,239|12,735|
|Short Term Deposits|55,916|55,749|
|Cash at Bank and in Hand|25,765|30,156|
||88,920|98,640|
||||
|CURRENT LIABILITIES: AMOUNTS<br>FALLING DUE WITHIN ONE YEAR<br>_9_|(6,942)|(2,415)|
||||
|NET CURRENT ASSETS|81,978|96,225|
||||
|LIABILITIES: AMOUNTS FALLING DUE<br>AFTER MORE THAN ONE YEAR<br>_10_|(43,626)|(43,919)|
||||
|NET ASSETS|250,020|269,017|
||||
|FUNDS|||
|Unrestricted<br>_11a_|64,759|65,370|
|Restricted<br>_11_<br>_b_|179,361|198,126|
|Endowment<br>_11c_|5,900|5,521|
|TOTAL VALUE OF FUNDS|250,020|269,017|



Annual Report for the Year Ended 31 December 2020 

Page 6 



Parochial Church Council of St. Peter’s, Pedmore Notes to the Financial Statements **FOR THE YEAR ENDED 31 DECEMBER 2020** 

## **1. ACCOUNTING POLICIES** 

The financial statements have been prepared in accordance with the Church Accounting Regulations  2006  together  with  applicable  accounting  standards  and  the  current Statement  of  Recommended  Practice,  Accounting  and  Reporting  by  Charities  and applicable accounting standard FRS102.SORP 

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. 

## **FUNDS** 

Endowment Funds are funds, the capital of which must be retained permanently by the PCC; the derived income is available for the general purposes of the PCC. 

Restricted  Funds  comprise  revenue  donations  or  grants  for  a  specific  PCC  activity intended by the donor. 

The  accounts  include  all  transactions,  assets  and  liabilities  for  which  the  PCC  is responsible in law. They exclude the accounts of church groups that owe their main affiliation to another body and 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 Gift Aid is recognised only when received. Income  Tax  recoverable  on  Gift  Aid  donations  is  recognised  when  the  income  is recognised. 

Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement,  the  amount  due  is  quantifiable  and  its  ultimate  receipt  by  the  PCC  is reasonably certain. 

Incoming Resources with related expenditure are accounted for gross. 

## **Other ordinary income** 

Rental Income from the letting of Church Premises is recognised when the rent is due. Other ordinary income is recognised when due if material in value, or otherwise when received. 

## **Income from investments** 

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the same accounting year. 

## **Gains and losses on investments** 

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

Annual Report for the Year Ended 31 December 2020 

Page 7 



## Parochial Church Council of St. Peter’s, Pedmore **RESOURCES USED** 

## **Grants** 

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

## **Charitable activities - Parish Share** 

The Parish Share is accounted for when payable. Any Share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet. 

Annual Report for the Year Ended 31 December 2020 

Page 8 



Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** 

## **RESOURCES USED** 

## **Grants** 

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

## **Charitable Activities – Parish Share** 

The Parish Share is accounted for when paid. Any share (which is not a legal liability) unpaid at 31[st] December for a tear is noted in these accounts. 

## **Fixed Assets** 

Consecrated and beneficed property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are  accounted  for  as inalienable  property  unless  consecrated.  They  are  listed  in  the church's  inventory  which  can  be  inspected  at  any  reasonable  time.  For  inalienable property  acquired  prior  to  2000  there  is  insufficient  cost  information  available  and therefore such assets are not valued in the accounts. Items acquired since 1 January 2000 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life on a straight line basis. All expenditure incurred during the year on consecrated or beneficed buildings, individual items under £1,000 or on the repair of movable church furnishings acquired is written off. 

## _Buildings (St Peter's Centre)_ 

The building is depreciated on a straight line basis over 60 years. 

## _Fixtures, fittings and office equipment_ 

Equipment used within the church premises is depreciated on a straight line basis as follows: 

Furniture and other fixtures 10% per year Carpets, Curtains and Blinds 20% per year Embedded Assets without independent life 100% first year Computers 33.33% per year 

## **OTHER ASSETS AND LIABILITIES** 

## _Investments_ 

Investments are valued at market value at 31 December. 

## _Current Assets_ 

Amounts owing to the PCC at 31 December are shown as debtors less provision for doubtful amounts. 

Short-term deposits include cash held on deposit with the CBF Church of England Funds, Castle and Crystal Credit Union, or at the bank. 

Annual Report for the Year Ended 31 December 2020 

Page 9 



Parochial Church Council of St. Peter’s, Pedmore _Liabilities_ 

Liabilities for amounts owed by the PCC are shown as creditors. Prudent estimates are included for items which are not certainly known at 31 December. 

Annual Report for the Year Ended 31 December 2020 

Page 10 



Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** 

## **2. INCOMING RESOURCES** 

||**Unrestri**<br>**cted**|**Restrict**<br>**ed**|**Endowm**<br>**ent**|**TOTAL FUNDS**|**TOTAL FUNDS**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2020**|**2019**|
||**£**|**£**|**£**|**£**|**£**|
|**a) Voluntary income - Regular**||||||
|Planned Giving|41,367|||41,367|47,123|
|Collections & Other|9,446|||9,446|12,492|
|Income Tax Recovered|12,484|||12,484|13,849|
|Income Tax Recovery attached to<br>specifc gifts||||||
|Total|63,297|||63,297|73,464|
|||||||
|**b) Voluntary income -**<br>**Occasional**||||||
|General Donations|3,730|||3,730|4,109|
|Specifc Donations|254|6,357||6,611|4,502|
|Legacies|11,000|4,603||15,603|14,100|
|Total|14,984|10,960||25,944|22,711|
|||||||
|**c) Activities for generating**<br>**funds**||||||
|Events|242|||242|2,382|
|Other|||||0|
|Total|242|||242|2,382|
|||||||
|**d) Investment income**||||||
|Interest & dividends|91|280||371|710|
|||||||
|e**) Income in furtherance of**<br>**Church objects**||||||
|Church Breakfast Donations|156|||156|887|
|Fees (see expenditure below)|6,899|||6,899|10,353|
|Magazine (see expenditure<br>below)|1,024|||1,024|2,044|
|Courses & Activities|||||0|
|St Peters Centre Lettings|3,552|||3,552|15,435|
|Other||||||
|Total|11,631|||11,631|28,719|
|||||||
|**f) Other incoming resources**||||||
|Total|2,328|||2,328|1,352|
|||||||
|**g) Income received for others**<br>**(see Resources used)**||||||
|Harvest special collection|264|||264|364|
|Christingle collection|219|||219|340|
|Others|6,315|||6,315|2,078|
|Total|6,798|||6,798|2,782|
|||||||
|**TOTAL INCOMING**<br>**RESOURCES**|99,371|11,240||110,611|132,120|



Annual Report for the Year Ended 31 December 2020 

Page 11 



Parochial Church Council of St. Peter’s, Pedmore 

Annual Report for the Year Ended 31 December 2020 

Page 12 



Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** 

## **3. RESOURCES USED** 

|**3. RESOURCES USED**||||||
|---|---|---|---|---|---|
||**Unrestric**<br>**ted**|**Restricte**<br>**d**|**Endowme**<br>**nt**|**TOTAL FUNDS**||
||**Funds**|**Funds**|**Funds**|**202**<br>**0**|**2019**|
||**£**|**£**|**£**|**£**|**£**|
|**a) Paid re collected for others**||||||
|Harvest special collection|264|||264|364|
|Christingle collection|219|||219|340|
|Others|6,315|||6,315|2,078|
|Total|6,798|||6,798|2,782|
|||||||
|**b) Fundraising trading costs**||||||
|Events Costs|353|||353|1,698|
|Other|||||0|
|Total|353|||353|1,698|
|||||||
|**c) Charitable activities - Mission**<br>**gifts**|6,600|||6,600|8,800|
|||||||
|**d) Charitable activities - Parish Share**<br>Note 1|56,000|||56,000|56,000|
|||||||
|||||||
|Fees (see income above)|3,325|||3,325|5,407|
|Magazine (see income above)|770|||770|2,462|
|Courses & Activities|||||0|
|Total|4,095|||4,095|7,869|
|||||||
|**f) Charitable activities - Clergy &**<br>**services**||||||
|Church Breakfast Expenses|176|||176|805|
|Clergy Expenses|240|||240|170|
|Family worker Salary and employment<br>costs|||||9,472|
|Cost of Services|1,018|||1,018|2,728|
|Youth and Sunday School|67|||67|563|
|Other|1,181|||1,181|1,261|
|Total|2,682|||2,682|14,999|
|**g) Charitable activities - church, buildings &**<br>**surrounds**||||||
|Church Running Expenses|6,037|2,567||8,604|10,376|
|Repairs|4,247|1,073||5,320|8,257|
|Projects Expenditure||21,262||21,262|9,<br>315|
|Depreciation - Buildings||4,740||4,740|4,740|
|Depreciation - Furniture, Fixtures &<br>Plant|682|||682|1,233|
|Total|10,966|29,642||40,608|33,921|
|**h) Charitable activities -**<br>**management & administration**||||||
|Printing & Stationery|298|363||661|1,071|
|Ofice Repairs & Renewals|57|||57|319|
|Remuneration Costs|11,154|||11,154|11,243|
|Depreciation|||||682|
|Other|979|||979|1,085|
|Total|12,488|363||12,851|14,400|
|**i) Other resources used**|||||0|
|**TOTAL RESOURCES USED**|99,982|30,005||129,987|140,469|



Annual Report for the Year Ended 31 December 2020 

Page 13 



## Parochial Church Council of St. Peter’s, Pedmore 

1 Parish share is paid to the Worcester Diocesan Board of Finance Ltd. 

Annual Report for the Year Ended 31 December 2020 

Page 14 



Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** 

## **4. PAID EMPLOYEES** 

## **Staff Costs** 

|**4. PAID EMPLOYEES**<br>**Staf Costs**|||
|---|---|---|
||**2020**|**2019**|
||**£**|**£**|
|Gross Wages|11,154|20715|
|Employers National Insurance||0|
|**Total**|11,154|20,715|



## **Average Staff Numbers** 

An  administrator  and  a  cleaner  were  each  employed  part-time  during  both  years, amounting together to approximately one half full-time employee. 

## **5. FIXED ASSETS3** 

|**5. FIXED ASSETS3**|||||
|---|---|---|---|---|
||**Land**|**Building**<br>**s**|**Equipme**<br>**nt**|**Total**|
||**£**|**£**|**£**|**£**|
|**Actual / Deemed Cost**|||||
|At 1 January 2020|5,000|284,426|86,069|375,495|
|Additions|||||
|Disposals|||||
|At 31 December 2020|5,000|284,426|86,069|375,495|
|Depreciation|||||
|At 1 January 2020||82,976|81,329|164,305|
|Charge for the Year||4740|682|5,422|
|Disposals|||||
|At 31 December 2020||87,716|82,011|169,727|
|Net Book Value|||||
|At 31 December 2020|5,000|196,710|4,058|205,768|
|At 31 December 2019|5,000|201,450|4,740|211,190|



Land comprises the St. Peter’s Centre site which is held by the PCC on trust for St. Peter’s Centre Pedmore Charity. 

Buildings comprises the expenditure on construction of St. Peter’s Centre. 

Annual Report for the Year Ended 31 December 2020 

Page 15 



Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** 

## **6. INVESTMENTS** 

|**6. INVESTMENTS**|||
|---|---|---|
||**TOTAL FUNDS**||
||**2020**|**2019**|
||**£**|**£**|
|288 CBF Shares at 31 December<br>valuation|5,900|5,52<br>1|



## **7. ANALYSIS OF NET ASSETS BY FUND** 

||**Unrestric**<br>**ted**<br>**Funds**|**Restrict**<br>**ed**<br>**Funds**|**Endowm**<br>**ent**<br>**Funds**|**Total**|
|---|---|---|---|---|
||**£**|**£**|**£**|**£**|
|Fixed Assets & Investments|4,058|201,710|5,900|211,668|
|Current Assets|67,373|21,547||88,920|
|Current Liabilities|(6,672)|(270)||(6,942)|
|Long Term Liabilities||(43,626)||(43,626)|
|**Fund Balance**|64,759|179,361|5,900|250,020|



## **8. DEBTORS AND PREPAYMENTS** 

||**TOTAL FUNDS**|**TOTAL FUNDS**|
|---|---|---|
||**2020**|**2019**|
||**£**|**£**|
|Accrued Interest|||
|Other receivable amounts|1,436|1,093|
|Insurances paid for following<br>year|2,145|3,604|
|Other amounts paid for<br>following year|183|1,380|
|Tax refunds|3,475|6,658|
|**Total**|7,239|12,735|



## **9. CURRENT LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

||**TOTAL FUNDS**|**TOTAL FUNDS**|
|---|---|---|
||**2020**|**2019**|
||**£**|**£**|
|St. Peters Centre, Pedmore<br>Charity|270|270|
|Professional Fees|1,010|1,010|
|Repairs & Utilities|376|698|
|Others|5,286|437|
|**Total**|6,942|2,415|



Annual Report for the Year Ended 31 December 2020 

Page 16 



Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** 

## **10. LIABILITIES: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR** 

|||**TOTAL FUNDS**|**TOTAL FUNDS**|
|---|---|---|---|
|||**2020**|**2019**|
|||**£**|**£**|
|St. Peter’s Centre, Pedmore<br>Charity, 60 year loan of charity<br>capital for building St. Peter’s<br>Centre|45,000|||
|Less recoupment fund at 31<br>December 2020|(6,104)|||
|Less due in under one year<br>above|(270)|||
|||38,626|38,919|
|||||
|St. Peter’s Centre, Pedmore<br>Charity, indefnite loan of<br>Charity Capital for St. Peter’s<br>Centre Land||5,000|5,000|
|**Total**||43,626|43,919|



Annual Report for the Year Ended 31 December 2020 

Page 17 



Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** 

## **11. FUNDS** 

|**11. FUNDS**|||
|---|---|---|
||**TOTAL FUNDS**||
||**2020**|**2019**|
||**£**|**£**|
|**a) Unrestricted**|||
|General|36,472|32,795|
|Young Christian Holidays|0|0|
|Fabric|0|0|
|St Peters Centre|27,917|32,094|
|St Peters Centre Building Fund<br>(part)|0|0|
|St Peters Centre Replacement<br>Fixtures|0|0|
|Printing Surplus|0|0|
|Flower Guild|370|481|
|Organ (part)|0|0|
|Church Yard (part)|0|0|
|Mission (part)|0|0|
|Singles|0|0|
|Linen|0|0|
|**Total**|64,759|65,370|
|**b) Restricted**|||
|Mission (part)|0|0|
|Evangelism|2,259|2,613|
|Teaching / Training|315|314|
|Linen|377|377|
|Fabric|6,038|22,478|
|Organ (part)|6,174|6,305|
|Projects|1,378|1,373|
|Church Yard (part)|5,546|2,675|
|St Peters Centre Building Fund<br>(part)|157,274|161,991|
|**Total**|179,361|198,126|
|**c) Endowment**|||
|Church Yard|5,900|5,521|
|**Total**|5,900|5,521|
|**TOTAL VALUE OF FUNDS**|250,020|269,017|



Annual Report for the Year Ended 31 December 2020 

Page 18 



Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** 

## **12.MOVEMENT ON FUNDS** 

||**Fund**<br>**Balance**<br>**Brought**<br>**Forward**|**Incomi**<br>**ng**<br>**Resour**<br>**ces**|**Outgoi**<br>**ng**<br>**Resour**<br>**ces**|**Transfe**<br>**rs**|**Gains**<br>**and**<br>**Losses**|**Fund**<br>**Balance**<br>**Carried**<br>**Forward**|
|---|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|**£**|
|**a) Unrestricted**|||||||
|General|32,795|93,342|(83,065)|(6,600)||36,472|
|Young Christian Holidays|0||||||
|Fabric|0||||||
|St Peters Centre|32,094|6,029|(10,206)|||27,917|
|St Peters Centre Building<br>Fund (part)|0||||||
|St Peters Centre Replacement<br>Fixtures|0||||||
|Printing Surplus|0||||||
|Flower Guild|481||(111)|||370|
|Organ (part)|0||||||
|Church Yard (part)|0||||||
|Mission (part)|0||(6,600)|6,600|||
|Singles|0||||||
|Linen|0||||||
|Total|65,370|99,371|(99,982)|0|0|64,759|
|**b) Restricted**|||||||
|Mission (part)|||||||
|Evangelism|2,613|9|(363)|||2,259|
|Teaching / Training|314|1||||315|
|Linen|377|||||377|
|Fabric|22,478|8,217|(24,657)|||6,038|
|Organ (part)|6,305|23|(154)|||6,174|
|Projects|1,373|5||||1,378|
|Church Yard (part)|2,675|2,962|(91)|||5,546|
|St Peters Centre Building<br>Fund (part)|161,991|23|(4,740)|||157,274|
|Singles|||||||
|Linen|||||||
|Total|198,126|11,240|(30,005)|0|0|179,361|
|**c) Endowment**|||||||
|Church Yard|5,521||||379|5,900|
|Total|5,521|0|0|0|379|5,900|
|**TOTAL VALUE OF FUNDS**|269,017|110,611|(129,98<br>7)|0|379|250,020|



Annual Report for the Year Ended 31 December 2020 

Page 19 



Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** 

## **13.TRANSFERS BETWEEN FUNDS** 

|**From Fund**<br>**To Fund**<br>**Reason**|**Amount**|
|---|---|
||**£**|
|General<br>Mission<br>Annual Gifts to Societies|6,600|
|General<br>Fabric Designated<br>Provision for future liabilities|0|
|General<br>Printing Designated<br>Provision for future liabilities|0|
|General<br>Organ Designated<br>Provision for future liabilities|0|
|General<br>Churchyard Designated<br>Provision for future liabilities|0|
|**Total**|6,600|



## **14.BANKS** 

Money assets were held at HSBC, at the Central Board of Finance of the Church of England and at Castle and Crystal Credit Union. 

## **15. RELATED PARTIES** 

St Peter’s Centre Pedmore Charity is an associated charity as all the members of the PCC are automatically trustees of that charity. 

## **16. PAYMENT TO TRUSTEES** 

Rev’d Canon W David Nichol received expenses of £124 

No other trustee received any remuneration from the Charity during the year 2020. 

No other trustee received any expense payments for the year 2020 

Annual Report for the Year Ended 31 December 2020 

Page 20 



Parochial Church Council of St. Peter’s, Pedmore INDEPENDENT EXAMINER’S REPORT **Independent Examiner’s Report** 

I report to the trustees on my examination of the accounts of the Parochial Church Council of St Peter’s Pedmore (The Trust) which are set out on pages 4 to 15 previous for the year ended 31 December 2020. 

## **RESPONSIBILITIES AND BASIS OF THE REPORT** 

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’) 

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **INDEPENDENT EXAMINER’S STATEMENT** 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect 

- 1) The accounting records were not kept in respect of the Trust as required by section 130 of the Act: or 

- 2) The accounts do not accord with those records: or 

3)     The accounts do not comply with the applicable requirements concerning the form and content of                                                        accounts set out in the ‘Charities (Accounts and Reports) Regulations 2008’ other than any requirements that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 

I  have  no  concerns  and  have  come  across  no  other  matters  in  connection  with  the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached 

Annual Report for the Year Ended 31 December 2020 

Page 21 



Parochial Church Council of St. Peter’s, Pedmore 

Annual Report for the Year Ended 31 December 2020 

Page 22 



Parochial Church Council of St. Peter’s, Pedmore 

Annual Report for the Year Ended 31 December 2020 

Page 23 




# **Parochial Church Council of St. Peter’s, Pedmore** 

_Charity Number 1133783_ 

## **Annual Report** 

**Year Ended 31 December 2020** 



Parochial Church Council of St. Peter’s, Pedmore 

## **CONTENTS** 

|Chairman’s Report|1-3|
|---|---|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6-15|
|Independent Examiner’s Report|16|





Parochial Church Council of St. Peter’s, Pedmore Chairman’s Report 

## **AIM AND PURPOSES** 

St. Peter’s Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent, in promoting in the parish of Pedmore, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the St. Peter’s Centre. As part of recent legislation, the PCC must report on “Public Benefit.” This Public Benefit is reflected in the statements of Objectives and Activities below. 

## **OBJECTIVES AND ACTIVITIES** 

The  PCC  is  committed  to  enabling  people  to  worship  at  St.  Peter’s  and  to  become Christians. 

Our vision is to be a growing all age church, experiencing and sharing the love of God with the people of Pedmore. So, we: 

- Support each other as individuals, groups and as a whole church. 

- Seek to put St Peter’s at the heart of the wider community in Pedmore. 

- Work together to reach out 

The PCC maintains an overview of worship, and endeavours to enable worship and other church activities to put faith into practice. The PCC’s remit includes: 

- Worship and prayer 

- Learning about the Gospel 

- Developing knowledge and trust in Jesus 

- Pastoral care 

- Outreach. 

- 

To facilitate this work it is important that we maintain the fabric of the Church and the St. Peter’s Centre. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Powers Measure. The PCC is a Registered Charity (Registration number 1133783). St Peter’s Church is part of the Diocese of Worcester within the Church of England and is situated in Pedmore Lane, Pedmore, Stourbridge DY9 0SW. The method of the appointment of PCC members is governed by and set out in the Church Representation Rules. The membership of the PCC consists of the priest in charge, churchwardens, readers who wish, and members elected by those members of the congregation who are on the Electoral Roll. The trustees of the PCC are also trustees of the St Peter’s Centre Pedmore Charity which has provided loans to the PCC in connection with the building of the St Peter’s Centre. 

During 2020 the PCC has continued to comply with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults). In particular, the PCC has continued to use the safeguarding toolkit provided by the Diocese as a way of selfassessment to ensure that it fulfils its duties and responsibilities. 

Annual Report for the Year Ended 31 December 2020 

Page 1 



Parochial Church Council of St. Peter’s, Pedmore 

Annual Report for the Year Ended 31 December 2020 

Page 2 



Parochial Church Council of St. Peter’s, Pedmore **CHAIRMAN’S REPORT (CONTINUED)** 

## **MEMBERSHIP** 

Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. During this period from 1 January 2020 to the date of this report the following served as members of the PCC: 

## **Incumbent:** 

Priest in Charge: The Rev’d Canon W David Nichol (from 22[nd] September 2019) 

## **Readers:** 

Mr Richard Sarjeant Mrs Mary German 

## **Wardens:** 

Mrs Pauline Rollason, Mrs Joy Evans 

## **Representatives on the Deanery Synod:** 

Mrs Joan Coleman Mrs Anne Vincent Mrs Corinne Sarjeant 

## **Elected members:** 

Mr Malcolm Medcraft Mrs Mary Medcraft Mrs Sharon Challand Mr David Reeson, Treasurer Ms Julia Savage Mr Tim German Mrs Jane Cooper 

Mrs Jenny Neale (from 30[th] April 2019) 

Annual Report for the Year Ended 31 December 2020 

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Parochial Church Council of St. Peter’s, Pedmore **CHAIRMAN’S REPORT (CONTINUED)** 

## **COMMITTEES** 

The PCC operates though a number of committees which meet between full meetings of the PCC 

## _**Standing Committee**_ 

This is the only committee required by law. It has the power to transact the business of the PCC between its meetings subject to any directions given by the council. 

## _**Leadership Team**_ 

Comprising the leaders of the teams for communication, developing church family and pastoral matters, organisation and staff management, outreach and evangelism, family, young adults and children’s work, small groups and midweek activities, together with the Rector and future Parish Administrator, the Leadership Team works on policy and practice governing these areas of the life St Peter’s. 

## _**St Peter's Centre Committee**_ 

To represent the council in the operation of St Peter's Centre under Terms of Reference agreed by the council. 

## _**Mission Committee**_ 

To act as prayer support for mission societies. To raise and distribute monies to various mission and charitable organisations. To act as an informational and educational body of the Church. 

## _**Staffing Committee and Staffing Appeals Committees**_ 

These  two  committees,  acting  independently  of  one  another,  deal  with  routine  staff matters on behalf of the council and make recommendations on other changes. 

_O God, without your Holy Spirit we are powerless to be your kingdom people and do your work. In all times of change, help us in all our thoughts, prayers and actions to be led by you; and in our worship, in our outreach, and in our support for one another help us to know the sure guidance of your Spirit, that, in communion with brothers and sisters near and far away, we may seek the honour of our Lord Jesus Christ in all that we think, say and do, and bring glory to him, who is our risen Lord and Saviour now and always.  Amen._ 

Annual Report for the Year Ended 31 December 2020 

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## Parochial Church Council of St. Peter’s, Pedmore Statement of Financial Activities **FOR THE YEAR ENDED 31 DECEMBER 2020** 

|**No**<br>**te**|**Unrestric**<br>**ted**|**Restrict**<br>**ed**|**Endowm**<br>**ent**|**TOTAL FUNDS**|**TOTAL FUNDS**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2020**|**2019**|
||**£**|**£**|**£**|**£**|**£**|
|INCOMING RESOURCES||||||
|Incoming resources from<br>generated funds||||||
|Voluntary income - Regular<br>_2a_|63,297|||63,297|73,464|
|Voluntary income - Occasional<br>_2b_|14,984|10,960||25,944|22,711|
|Activities for generating funds<br>_2c_|242|||242|2,382|
|Investment income<br>_2d_|91|280||371|710|
|Income in furtherance of Church<br>objects<br>_2e_|11,631|||11,631|28,719|
|Other incoming resources<br>_2f_|2,328|||2,328|1,352|
|Income received for others (see<br>Resources used)<br>_2g_|6,798|||6,798|2,782|
|TOTAL INCOMING RESOURCES|99,371|11,240||110,611|132,120|
|RESOURCES USED||||||
|Amounts collected for others<br>_3a_|6,798|||6,798|2,782|
|Fundraising trading costs<br>_3b_|353|||353|1,698|
|Charitable activities - Mission<br>gifts<br>_3c_|6,600|||6,600|8,800|
|Charitable activities - Parish<br>Share<br>_3d_|56,000|||56,000|56,000|
|Charitable activities - Out of<br>associated income<br>_3e_|4,095|||4,095|7,869|
|Charitable activities - Clergy &<br>services<br>_3f_|2,682|||2,682|14,999|
|Charitable activities - Church,<br>buildings & surrounds<br>_3g_|10,966|29,642||40,608|33,921|
|Charitable Activities -<br>Management & administration<br>_3h_|12,488|363||12,851|14,400|
|Other resources used<br>_3i_|||||0|
|||||||
|TOTAL RESOURCES USED|99,982|30,005||129,987|140,469|
|||||||
|TRANSFERS BETWEEN FUNDS|||||0|
|||||||
|NET INCOMING / (OUTGOING)<br>RESOURCES|(611)|(18,765)||(19,376)|(8,349)|
|||||||
|GAINS / LOSSES ON<br>REVALUING INVESTMENTS|||379|379|870|
|||||||
|NET MOVEMENT IN FUNDS|(611)|(18,765)|379|(18,997)|(7,479)|
|||||||
|Total Funds at 1 January 2019|65,370|198,126|5,521|269,017|276,496|
|||||||
|TOTAL FUNDS AT<br>31 DECEMBER 2020<br>_11_|64,759|179,361|5,900|250,020|269,017|



Annual Report for the Year Ended 31 December 2020 

Page 5 



## Parochial Church Council of St. Peter’s, Pedmore Balance Sheet **AS AT 31 DECEMBER 2020** 

|**AS AT 31 DECEMBER 2020**|||
|---|---|---|
|**No**<br>**te**|**TOTAL FUNDS**||
||**2020**|**2019**|
||**£**|**£**|
|FIXED ASSETS|||
|Tangible Fixed Assets<br>_5_|205,768|211,190|
|Investments<br>_6_|5,900|5,521|
||211,668|216,711|
||||
|CURRENT ASSETS|||
|Debtors and Prepayments<br>_8_|7,239|12,735|
|Short Term Deposits|55,916|55,749|
|Cash at Bank and in Hand|25,765|30,156|
||88,920|98,640|
||||
|CURRENT LIABILITIES: AMOUNTS<br>FALLING DUE WITHIN ONE YEAR<br>_9_|(6,942)|(2,415)|
||||
|NET CURRENT ASSETS|81,978|96,225|
||||
|LIABILITIES: AMOUNTS FALLING DUE<br>AFTER MORE THAN ONE YEAR<br>_10_|(43,626)|(43,919)|
||||
|NET ASSETS|250,020|269,017|
||||
|FUNDS|||
|Unrestricted<br>_11a_|64,759|65,370|
|Restricted<br>_11_<br>_b_|179,361|198,126|
|Endowment<br>_11c_|5,900|5,521|
|TOTAL VALUE OF FUNDS|250,020|269,017|



Annual Report for the Year Ended 31 December 2020 

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Parochial Church Council of St. Peter’s, Pedmore Notes to the Financial Statements **FOR THE YEAR ENDED 31 DECEMBER 2020** 

## **1. ACCOUNTING POLICIES** 

The financial statements have been prepared in accordance with the Church Accounting Regulations  2006  together  with  applicable  accounting  standards  and  the  current Statement  of  Recommended  Practice,  Accounting  and  Reporting  by  Charities  and applicable accounting standard FRS102.SORP 

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. 

## **FUNDS** 

Endowment Funds are funds, the capital of which must be retained permanently by the PCC; the derived income is available for the general purposes of the PCC. 

Restricted  Funds  comprise  revenue  donations  or  grants  for  a  specific  PCC  activity intended by the donor. 

The  accounts  include  all  transactions,  assets  and  liabilities  for  which  the  PCC  is responsible in law. They exclude the accounts of church groups that owe their main affiliation to another body and 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 Gift Aid is recognised only when received. Income  Tax  recoverable  on  Gift  Aid  donations  is  recognised  when  the  income  is recognised. 

Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement,  the  amount  due  is  quantifiable  and  its  ultimate  receipt  by  the  PCC  is reasonably certain. 

Incoming Resources with related expenditure are accounted for gross. 

## **Other ordinary income** 

Rental Income from the letting of Church Premises is recognised when the rent is due. Other ordinary income is recognised when due if material in value, or otherwise when received. 

## **Income from investments** 

Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the same accounting year. 

## **Gains and losses on investments** 

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

Annual Report for the Year Ended 31 December 2020 

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## Parochial Church Council of St. Peter’s, Pedmore **RESOURCES USED** 

## **Grants** 

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

## **Charitable activities - Parish Share** 

The Parish Share is accounted for when payable. Any Share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet. 

Annual Report for the Year Ended 31 December 2020 

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Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** 

## **RESOURCES USED** 

## **Grants** 

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

## **Charitable Activities – Parish Share** 

The Parish Share is accounted for when paid. Any share (which is not a legal liability) unpaid at 31[st] December for a tear is noted in these accounts. 

## **Fixed Assets** 

Consecrated and beneficed property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal, are  accounted  for  as inalienable  property  unless  consecrated.  They  are  listed  in  the church's  inventory  which  can  be  inspected  at  any  reasonable  time.  For  inalienable property  acquired  prior  to  2000  there  is  insufficient  cost  information  available  and therefore such assets are not valued in the accounts. Items acquired since 1 January 2000 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life on a straight line basis. All expenditure incurred during the year on consecrated or beneficed buildings, individual items under £1,000 or on the repair of movable church furnishings acquired is written off. 

## _Buildings (St Peter's Centre)_ 

The building is depreciated on a straight line basis over 60 years. 

## _Fixtures, fittings and office equipment_ 

Equipment used within the church premises is depreciated on a straight line basis as follows: 

Furniture and other fixtures 10% per year Carpets, Curtains and Blinds 20% per year Embedded Assets without independent life 100% first year Computers 33.33% per year 

## **OTHER ASSETS AND LIABILITIES** 

## _Investments_ 

Investments are valued at market value at 31 December. 

## _Current Assets_ 

Amounts owing to the PCC at 31 December are shown as debtors less provision for doubtful amounts. 

Short-term deposits include cash held on deposit with the CBF Church of England Funds, Castle and Crystal Credit Union, or at the bank. 

Annual Report for the Year Ended 31 December 2020 

Page 9 



Parochial Church Council of St. Peter’s, Pedmore _Liabilities_ 

Liabilities for amounts owed by the PCC are shown as creditors. Prudent estimates are included for items which are not certainly known at 31 December. 

Annual Report for the Year Ended 31 December 2020 

Page 10 



Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** 

## **2. INCOMING RESOURCES** 

||**Unrestri**<br>**cted**|**Restrict**<br>**ed**|**Endowm**<br>**ent**|**TOTAL FUNDS**|**TOTAL FUNDS**|
|---|---|---|---|---|---|
||**Funds**|**Funds**|**Funds**|**2020**|**2019**|
||**£**|**£**|**£**|**£**|**£**|
|**a) Voluntary income - Regular**||||||
|Planned Giving|41,367|||41,367|47,123|
|Collections & Other|9,446|||9,446|12,492|
|Income Tax Recovered|12,484|||12,484|13,849|
|Income Tax Recovery attached to<br>specifc gifts||||||
|Total|63,297|||63,297|73,464|
|||||||
|**b) Voluntary income -**<br>**Occasional**||||||
|General Donations|3,730|||3,730|4,109|
|Specifc Donations|254|6,357||6,611|4,502|
|Legacies|11,000|4,603||15,603|14,100|
|Total|14,984|10,960||25,944|22,711|
|||||||
|**c) Activities for generating**<br>**funds**||||||
|Events|242|||242|2,382|
|Other|||||0|
|Total|242|||242|2,382|
|||||||
|**d) Investment income**||||||
|Interest & dividends|91|280||371|710|
|||||||
|e**) Income in furtherance of**<br>**Church objects**||||||
|Church Breakfast Donations|156|||156|887|
|Fees (see expenditure below)|6,899|||6,899|10,353|
|Magazine (see expenditure<br>below)|1,024|||1,024|2,044|
|Courses & Activities|||||0|
|St Peters Centre Lettings|3,552|||3,552|15,435|
|Other||||||
|Total|11,631|||11,631|28,719|
|||||||
|**f) Other incoming resources**||||||
|Total|2,328|||2,328|1,352|
|||||||
|**g) Income received for others**<br>**(see Resources used)**||||||
|Harvest special collection|264|||264|364|
|Christingle collection|219|||219|340|
|Others|6,315|||6,315|2,078|
|Total|6,798|||6,798|2,782|
|||||||
|**TOTAL INCOMING**<br>**RESOURCES**|99,371|11,240||110,611|132,120|



Annual Report for the Year Ended 31 December 2020 

Page 11 



Parochial Church Council of St. Peter’s, Pedmore 

Annual Report for the Year Ended 31 December 2020 

Page 12 



Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** 

## **3. RESOURCES USED** 

|**3. RESOURCES USED**||||||
|---|---|---|---|---|---|
||**Unrestric**<br>**ted**|**Restricte**<br>**d**|**Endowme**<br>**nt**|**TOTAL FUNDS**||
||**Funds**|**Funds**|**Funds**|**202**<br>**0**|**2019**|
||**£**|**£**|**£**|**£**|**£**|
|**a) Paid re collected for others**||||||
|Harvest special collection|264|||264|364|
|Christingle collection|219|||219|340|
|Others|6,315|||6,315|2,078|
|Total|6,798|||6,798|2,782|
|||||||
|**b) Fundraising trading costs**||||||
|Events Costs|353|||353|1,698|
|Other|||||0|
|Total|353|||353|1,698|
|||||||
|**c) Charitable activities - Mission**<br>**gifts**|6,600|||6,600|8,800|
|||||||
|**d) Charitable activities - Parish Share**<br>Note 1|56,000|||56,000|56,000|
|||||||
|||||||
|Fees (see income above)|3,325|||3,325|5,407|
|Magazine (see income above)|770|||770|2,462|
|Courses & Activities|||||0|
|Total|4,095|||4,095|7,869|
|||||||
|**f) Charitable activities - Clergy &**<br>**services**||||||
|Church Breakfast Expenses|176|||176|805|
|Clergy Expenses|240|||240|170|
|Family worker Salary and employment<br>costs|||||9,472|
|Cost of Services|1,018|||1,018|2,728|
|Youth and Sunday School|67|||67|563|
|Other|1,181|||1,181|1,261|
|Total|2,682|||2,682|14,999|
|**g) Charitable activities - church, buildings &**<br>**surrounds**||||||
|Church Running Expenses|6,037|2,567||8,604|10,376|
|Repairs|4,247|1,073||5,320|8,257|
|Projects Expenditure||21,262||21,262|9,<br>315|
|Depreciation - Buildings||4,740||4,740|4,740|
|Depreciation - Furniture, Fixtures &<br>Plant|682|||682|1,233|
|Total|10,966|29,642||40,608|33,921|
|**h) Charitable activities -**<br>**management & administration**||||||
|Printing & Stationery|298|363||661|1,071|
|Ofice Repairs & Renewals|57|||57|319|
|Remuneration Costs|11,154|||11,154|11,243|
|Depreciation|||||682|
|Other|979|||979|1,085|
|Total|12,488|363||12,851|14,400|
|**i) Other resources used**|||||0|
|**TOTAL RESOURCES USED**|99,982|30,005||129,987|140,469|



Annual Report for the Year Ended 31 December 2020 

Page 13 



## Parochial Church Council of St. Peter’s, Pedmore 

1 Parish share is paid to the Worcester Diocesan Board of Finance Ltd. 

Annual Report for the Year Ended 31 December 2020 

Page 14 



Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** 

## **4. PAID EMPLOYEES** 

## **Staff Costs** 

|**4. PAID EMPLOYEES**<br>**Staf Costs**|||
|---|---|---|
||**2020**|**2019**|
||**£**|**£**|
|Gross Wages|11,154|20715|
|Employers National Insurance||0|
|**Total**|11,154|20,715|



## **Average Staff Numbers** 

An  administrator  and  a  cleaner  were  each  employed  part-time  during  both  years, amounting together to approximately one half full-time employee. 

## **5. FIXED ASSETS3** 

|**5. FIXED ASSETS3**|||||
|---|---|---|---|---|
||**Land**|**Building**<br>**s**|**Equipme**<br>**nt**|**Total**|
||**£**|**£**|**£**|**£**|
|**Actual / Deemed Cost**|||||
|At 1 January 2020|5,000|284,426|86,069|375,495|
|Additions|||||
|Disposals|||||
|At 31 December 2020|5,000|284,426|86,069|375,495|
|Depreciation|||||
|At 1 January 2020||82,976|81,329|164,305|
|Charge for the Year||4740|682|5,422|
|Disposals|||||
|At 31 December 2020||87,716|82,011|169,727|
|Net Book Value|||||
|At 31 December 2020|5,000|196,710|4,058|205,768|
|At 31 December 2019|5,000|201,450|4,740|211,190|



Land comprises the St. Peter’s Centre site which is held by the PCC on trust for St. Peter’s Centre Pedmore Charity. 

Buildings comprises the expenditure on construction of St. Peter’s Centre. 

Annual Report for the Year Ended 31 December 2020 

Page 15 



Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** 

## **6. INVESTMENTS** 

|**6. INVESTMENTS**|||
|---|---|---|
||**TOTAL FUNDS**||
||**2020**|**2019**|
||**£**|**£**|
|288 CBF Shares at 31 December<br>valuation|5,900|5,52<br>1|



## **7. ANALYSIS OF NET ASSETS BY FUND** 

||**Unrestric**<br>**ted**<br>**Funds**|**Restrict**<br>**ed**<br>**Funds**|**Endowm**<br>**ent**<br>**Funds**|**Total**|
|---|---|---|---|---|
||**£**|**£**|**£**|**£**|
|Fixed Assets & Investments|4,058|201,710|5,900|211,668|
|Current Assets|67,373|21,547||88,920|
|Current Liabilities|(6,672)|(270)||(6,942)|
|Long Term Liabilities||(43,626)||(43,626)|
|**Fund Balance**|64,759|179,361|5,900|250,020|



## **8. DEBTORS AND PREPAYMENTS** 

||**TOTAL FUNDS**|**TOTAL FUNDS**|
|---|---|---|
||**2020**|**2019**|
||**£**|**£**|
|Accrued Interest|||
|Other receivable amounts|1,436|1,093|
|Insurances paid for following<br>year|2,145|3,604|
|Other amounts paid for<br>following year|183|1,380|
|Tax refunds|3,475|6,658|
|**Total**|7,239|12,735|



## **9. CURRENT LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

||**TOTAL FUNDS**|**TOTAL FUNDS**|
|---|---|---|
||**2020**|**2019**|
||**£**|**£**|
|St. Peters Centre, Pedmore<br>Charity|270|270|
|Professional Fees|1,010|1,010|
|Repairs & Utilities|376|698|
|Others|5,286|437|
|**Total**|6,942|2,415|



Annual Report for the Year Ended 31 December 2020 

Page 16 



Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** 

## **10. LIABILITIES: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR** 

|||**TOTAL FUNDS**|**TOTAL FUNDS**|
|---|---|---|---|
|||**2020**|**2019**|
|||**£**|**£**|
|St. Peter’s Centre, Pedmore<br>Charity, 60 year loan of charity<br>capital for building St. Peter’s<br>Centre|45,000|||
|Less recoupment fund at 31<br>December 2020|(6,104)|||
|Less due in under one year<br>above|(270)|||
|||38,626|38,919|
|||||
|St. Peter’s Centre, Pedmore<br>Charity, indefnite loan of<br>Charity Capital for St. Peter’s<br>Centre Land||5,000|5,000|
|**Total**||43,626|43,919|



Annual Report for the Year Ended 31 December 2020 

Page 17 



Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** 

## **11. FUNDS** 

|**11. FUNDS**|||
|---|---|---|
||**TOTAL FUNDS**||
||**2020**|**2019**|
||**£**|**£**|
|**a) Unrestricted**|||
|General|36,472|32,795|
|Young Christian Holidays|0|0|
|Fabric|0|0|
|St Peters Centre|27,917|32,094|
|St Peters Centre Building Fund<br>(part)|0|0|
|St Peters Centre Replacement<br>Fixtures|0|0|
|Printing Surplus|0|0|
|Flower Guild|370|481|
|Organ (part)|0|0|
|Church Yard (part)|0|0|
|Mission (part)|0|0|
|Singles|0|0|
|Linen|0|0|
|**Total**|64,759|65,370|
|**b) Restricted**|||
|Mission (part)|0|0|
|Evangelism|2,259|2,613|
|Teaching / Training|315|314|
|Linen|377|377|
|Fabric|6,038|22,478|
|Organ (part)|6,174|6,305|
|Projects|1,378|1,373|
|Church Yard (part)|5,546|2,675|
|St Peters Centre Building Fund<br>(part)|157,274|161,991|
|**Total**|179,361|198,126|
|**c) Endowment**|||
|Church Yard|5,900|5,521|
|**Total**|5,900|5,521|
|**TOTAL VALUE OF FUNDS**|250,020|269,017|



Annual Report for the Year Ended 31 December 2020 

Page 18 



Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** 

## **12.MOVEMENT ON FUNDS** 

||**Fund**<br>**Balance**<br>**Brought**<br>**Forward**|**Incomi**<br>**ng**<br>**Resour**<br>**ces**|**Outgoi**<br>**ng**<br>**Resour**<br>**ces**|**Transfe**<br>**rs**|**Gains**<br>**and**<br>**Losses**|**Fund**<br>**Balance**<br>**Carried**<br>**Forward**|
|---|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|**£**|
|**a) Unrestricted**|||||||
|General|32,795|93,342|(83,065)|(6,600)||36,472|
|Young Christian Holidays|0||||||
|Fabric|0||||||
|St Peters Centre|32,094|6,029|(10,206)|||27,917|
|St Peters Centre Building<br>Fund (part)|0||||||
|St Peters Centre Replacement<br>Fixtures|0||||||
|Printing Surplus|0||||||
|Flower Guild|481||(111)|||370|
|Organ (part)|0||||||
|Church Yard (part)|0||||||
|Mission (part)|0||(6,600)|6,600|||
|Singles|0||||||
|Linen|0||||||
|Total|65,370|99,371|(99,982)|0|0|64,759|
|**b) Restricted**|||||||
|Mission (part)|||||||
|Evangelism|2,613|9|(363)|||2,259|
|Teaching / Training|314|1||||315|
|Linen|377|||||377|
|Fabric|22,478|8,217|(24,657)|||6,038|
|Organ (part)|6,305|23|(154)|||6,174|
|Projects|1,373|5||||1,378|
|Church Yard (part)|2,675|2,962|(91)|||5,546|
|St Peters Centre Building<br>Fund (part)|161,991|23|(4,740)|||157,274|
|Singles|||||||
|Linen|||||||
|Total|198,126|11,240|(30,005)|0|0|179,361|
|**c) Endowment**|||||||
|Church Yard|5,521||||379|5,900|
|Total|5,521|0|0|0|379|5,900|
|**TOTAL VALUE OF FUNDS**|269,017|110,611|(129,98<br>7)|0|379|250,020|



Annual Report for the Year Ended 31 December 2020 

Page 19 



Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** 

## **13.TRANSFERS BETWEEN FUNDS** 

|**From Fund**<br>**To Fund**<br>**Reason**|**Amount**|
|---|---|
||**£**|
|General<br>Mission<br>Annual Gifts to Societies|6,600|
|General<br>Fabric Designated<br>Provision for future liabilities|0|
|General<br>Printing Designated<br>Provision for future liabilities|0|
|General<br>Organ Designated<br>Provision for future liabilities|0|
|General<br>Churchyard Designated<br>Provision for future liabilities|0|
|**Total**|6,600|



## **14.BANKS** 

Money assets were held at HSBC, at the Central Board of Finance of the Church of England and at Castle and Crystal Credit Union. 

## **15. RELATED PARTIES** 

St Peter’s Centre Pedmore Charity is an associated charity as all the members of the PCC are automatically trustees of that charity. 

## **16. PAYMENT TO TRUSTEES** 

Rev’d Canon W David Nichol received expenses of £124 

No other trustee received any remuneration from the Charity during the year 2020. 

No other trustee received any expense payments for the year 2020 

Annual Report for the Year Ended 31 December 2020 

Page 20 



Parochial Church Council of St. Peter’s, Pedmore INDEPENDENT EXAMINER’S REPORT **Independent Examiner’s Report** 

I report to the trustees on my examination of the accounts of the Parochial Church Council of St Peter’s Pedmore (The Trust) which are set out on pages 4 to 15 previous for the year ended 31 December 2020. 

## **RESPONSIBILITIES AND BASIS OF THE REPORT** 

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’) 

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **INDEPENDENT EXAMINER’S STATEMENT** 

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect 

- 1) The accounting records were not kept in respect of the Trust as required by section 130 of the Act: or 

- 2) The accounts do not accord with those records: or 

3)     The accounts do not comply with the applicable requirements concerning the form and content of                                                        accounts set out in the ‘Charities (Accounts and Reports) Regulations 2008’ other than any requirements that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 

I  have  no  concerns  and  have  come  across  no  other  matters  in  connection  with  the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached 

Annual Report for the Year Ended 31 December 2020 

Page 21 



Parochial Church Council of St. Peter’s, Pedmore 

Annual Report for the Year Ended 31 December 2020 

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Parochial Church Council of St. Peter’s, Pedmore 

Annual Report for the Year Ended 31 December 2020 

Page 23