Parochial Church Council of St. Peter’s, Pedmore
Charity Number 1133783
Annual Report
Year Ended 31 December 2021
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 2021 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 2021
Page 1
Parochial Church Council of St. Peter's, Pedmore Annual Report for the Year Ended 31 December 2021 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 2021 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
Readers:
Mr Richard Sarjeant Mrs Mary German
Wardens:
Mrs Pauline Rollason, Mrs Joy Evans
Representatives on the Deanery Synod:
Mrs Joan Coleman
Elected members:
Mr Malcolm Medcraft Mrs Mary Medcraft Mr David Reeson, Treasurer Mr Tim German Mr Peter Coleman Mrs Anne Vincent Mr Steven Evans (from 18.01.21) Mrs Gayle Breakwell (from 18.01.21) Mrs Charlotte Neal (from 18.01.21)
Annual Report for the Year Ended 31 December 2021
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 2021
Page 4
Parochial Church Council of St. Peter’s, Pedmore Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2021
| No te |
Unrestric ted |
Restrict ed |
Endowm ent |
TOTAL FUNDS | TOTAL FUNDS |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | £ | |
| INCOMING RESOURCES | |||||
| Incoming resources from generated funds |
|||||
| Voluntary income - Regular 2a |
60,552 | 60,552 | 63,297 | ||
| Voluntary income - Occasional 2b |
20,730 | 1,499 | 22,229 | 25,944 | |
| Activities for generating funds 2c |
242 | ||||
| Investment income 2d |
44 | 185 | 229 | 371 | |
| Income in furtherance of Church objects 2e |
14,269 | 14,269 | 11,631 | ||
| Other incoming resources 2f |
12,600 | 5,000 | 17,600 | 2,328 | |
| Income received for others (see Resources used) 2g |
1,613 | 1,613 | 6,798 | ||
| TOTAL INCOMING RESOURCES | 109,808 | 6,684 | 116,492 | 110,611 | |
| RESOURCES USED | |||||
| Amounts collected for others 3a |
1,613 | 1,613 | 6,798 | ||
| Fundraising trading costs 3b |
353 | ||||
| Charitable activities - Mission gifts 3c |
8,400 | 8,400 | 6,600 | ||
| Charitable activities - Parish Share 3d |
56,000 | 56,000 | 56,000 | ||
| Charitable activities - Out of associated income 3e |
4,781 | 4,781 | 4,095 | ||
| Charitable activities - Clergy & services 3f |
2,740 | 704 | 3,444 | 2,682 | |
| Charitable activities - Church, buildings & surrounds 3g |
11,046 | 17,558 | 28,604 | 40,608 | |
| Charitable Activities - Management & administration 3h |
12,071 | 408 | 12,479 | 12,851 | |
| Other resources used 3i |
0 | ||||
| TOTAL RESOURCES USED | 96,651 | 18,670 | 115,321 | 129,987 | |
| TRANSFERS BETWEEN FUNDS | 0 | ||||
| NET INCOMING / (OUTGOING) RESOURCES |
13,1 57 |
(11,986) | 1,171 | (19,376) | |
| GAINS / LOSSES ON REVALUING INVESTMENTS |
844 | 844 | 379 | ||
| NET MOVEMENT IN FUNDS | 13,157 | (11,986) | 844 | 2,015 | (18,997) |
| Total Funds at 1 January 2021 | 64,759 | 179,361 | 5,900 | 250,020 | 269,017 |
| TOTAL FUNDS AT 31 DECEMBER 2021 11 |
77,916 | 167,375 | 6,744 | 252,035 | 250,020 |
Annual Report for the Year Ended 31 December 2021
Page 5
Parochial Church Council of St. Peter’s, Pedmore Balance Sheet AS AT 31 DECEMBER 2021
| AS AT 31 DECEMBER 2021 | ||
|---|---|---|
| No te |
TOTAL FUNDS | |
| 2021 | 2020 | |
| £ | £ | |
| FIXED ASSETS | ||
| Tangible Fixed Assets 5 |
200,346 | 205,768 |
| Investments 6 |
6,744 | 5,900 |
| 207,090 | 211,668 | |
| CURRENT ASSETS | ||
| Debtors and Prepayments 8 |
6,198 | 7,239 |
| Short Term Deposits | 55,970 | 55,916 |
| Cash at Bank and in Hand | 32,532 | 25,765 |
| 94,700 | 88,920 | |
| CURRENT LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 9 |
(6,402) | (6,942) |
| NET CURRENT ASSETS | 88,298 | 81,978 |
| LIABILITIES: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 10 |
(43,353) | (43,626) |
| NET ASSETS | 252,035 | 250,020 |
| FUNDS | ||
| Unrestricted 11a |
77,916 | 64,759 |
| Restricted 11 b |
167,375 | 179,361 |
| Endowment 11c |
6,744 | 5,900 |
| TOTAL VALUE OF FUNDS | 252,035 | 250,020 |
Annual Report for the Year Ended 31 December 2021
Page 6
Parochial Church Council of St. Peter’s, Pedmore Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2021
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 2021
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 2021
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 2021
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 2021
Page 10
Parochial Church Council of St. Peter’s, Pedmore NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
2. INCOMING RESOURCES
| Unrestri cted |
Restrict ed |
Endowm ent |
TOTAL FUNDS | TOTAL FUNDS | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | £ | |
| a) Voluntary income - Regular |
|||||
| Planned Giving | 37,261 | 37,261 | 41,367 | ||
| Collections & Other | 9,888 | 9,888 | 9,446 | ||
| Income Tax Recovered | 13,403 | 13,403 | 12,484 | ||
| Income Tax Recovery attached to specifc gifts |
|||||
| Total | 60,552 | 60,552 | 63,297 | ||
| b) Voluntary income - Occasional |
|||||
| General Donations |
10,594 | 10,594 | 3,730 | ||
| Specifc Donations | 136 | 1,499 | 1,635 | 6,611 | |
| Legacies | 10,000 | 10,000 | 15,603 | ||
| Total | 20,730 | 1,499 | 22,229 | 25,944 | |
| c) Activities for generating funds |
|||||
| Events | 242 | ||||
| Other | 0 | ||||
| Total | 242 | ||||
| d) Investment income | |||||
| Interest & dividends | 44 | 185 | 229 | 371 | |
| e) Income in furtherance of Church objects |
|||||
| Church Breakfast Donations | 156 | ||||
| Fees (see expenditure below) | 8,331 | 8,331 | 6,899 | ||
| Magazine (see expenditure below) |
1,024 | ||||
| Courses & Activities | 0 | ||||
| St Peters Centre Lettings | 5,938 | 5,938 | 3,552 | ||
| Other | |||||
| Total | 14,269 | 14,269 | 11,631 | ||
| f) Other incoming resources | |||||
| Total | 12,600 | 5,000 | 17,600 | 2,328 | |
| g) Income received for others (see Resources used) |
|||||
| Harvest special collection | 505 | 505 | 264 | ||
| Christingle collection | 219 | ||||
| Others | 1,108 | 1,108 | 6,315 | ||
| Total | 1,613 | 1,613 | 6,798 | ||
| TOTAL INCOMING | 109,808 | 6,684 | 116,492 | 110,611 |
Annual Report for the Year Ended 31 December 2021
Page 11
Parochial Church Council of St. Peter's. Pedmore RESOURCES Annual Report for the Year Ended 31 December 2021 Page 12
Parochial Church Council of St. Peter’s, Pedmore NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
3. RESOURCES USED
| 3. RESOURCES USED | |||||
|---|---|---|---|---|---|
| Unrestric ted |
Restricte d |
Endowme nt |
TOTAL FUNDS | ||
| Funds | Funds | Funds | 202 1 |
2020 | |
| £ | £ | £ | £ | £ | |
| a) Paid re collected for others | |||||
| Harvest special collection | 505 | 505 | 264 | ||
| Christingle collection | 219 | ||||
| Others | 1,108 | 1,108 | 6,315 | ||
| Total | 1,613 | 1,613 | 6,798 | ||
| b) Fundraising trading costs | |||||
| Events Costs | 353 | ||||
| Other | 0 | ||||
| Total | 353 | ||||
| c) Charitable activities - Mission gifts |
8,400 | 8,400 | 6,600 | ||
| d) Charitable activities - Parish Share Note 1 |
56,000 | 56,000 | 56,000 | ||
| Fees (see income above) | 4,781 | 4,781 | 3,325 | ||
| Magazine (see income above) | 770 | ||||
| Courses & Activities | 0 | ||||
| Total | 4,781 | 4,781 | 4,095 | ||
| f) Charitable activities - Clergy & services |
|||||
| Church Breakfast Expenses | 176 | ||||
| Clergy Expenses | 296 | 296 | 240 | ||
| Family worker Salary and employment costs |
16 | 16 | |||
| Cost of Services | 1,776 | 1,776 | 1,018 | ||
| Youth and Sunday School | 18 | 18 | 67 | ||
| Other | 634 | 704 | 1338 | 1,181 | |
| Total | 2,740 | 704 | 3,444 | 2,682 | |
| g) Charitable activities - church, buildings & surrounds |
|||||
| Church Running Expenses | 6,015 | 1,710 | 7,725 | 8,604 | |
| Repairs | 4,349 | 11,108 | 15,457 | 5,320 | |
| Projects Expenditure | 21, 262 |
||||
| Depreciation - Buildings | 4,740 | 4,740 | 4,740 | ||
| Depreciation - Furniture, Fixtures & Plant |
682 | 682 | 682 | ||
| Total | 11,046 | 17,558 | 28,604 | 40,608 | |
| h) Charitable activities - management & administration |
|||||
| Printing & Stationery |
611 | 408 | 1,019 | 661 | |
| Ofice Repairs & Renewals | 404 | 404 | 57 | ||
| Remuneration Costs | 10,466 | 10,466 | 11,154 | ||
| Depreciation | |||||
| Other | 590 | 590 | 979 | ||
| Total | 12,071 | 408 | 12,479 | 12,851 | |
| i) Other resources used | 0 | ||||
| TOTAL RESOURCES USED | 96,651 | 18,670 | 115,321 | 129,987 |
Annual Report for the Year Ended 31 December 2021
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 2021
Page 14
Parochial Church Council of St. Peter’s, Pedmore NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
4. PAID EMPLOYEES
Staff Costs
| 4. PAID EMPLOYEES Staf Costs |
||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Gross Wages | 10,466 | 11,154 |
| Employers National Insurance | 0 | |
| Total | 10,466 | 11,154 |
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 s |
Equipme nt |
Total | |
| £ | £ | £ | £ | |
| Actual / Deemed Cost | ||||
| At 1 January 2021 | 5,000 | 284,426 | 86,069 | 375,495 |
| Additions | ||||
| Disposals | ||||
| At 31 December 2021 | 5,000 | 284,426 | 86,069 | 375,495 |
| Depreciation | ||||
| At 1 January 2021 | 87,716 | 82,011 | 169,727 | |
| Charge for the Year | 4,740 | 682 | 5422 | |
| Disposals | ||||
| At 31 December 2021 | 92,456 | 82,693 | 175,149 | |
| Net Book Value | ||||
| At 31 December 2021 | 5,000 | 196,710 | 3,376 | 200,346 |
| At 31 December 2020 | 5,000 | 196,710 | 4,058 | 205,768 |
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 2021
Page 15
Parochial Church Council of St. Peter’s, Pedmore NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
6. INVESTMENTS
| 6. INVESTMENTS | ||
|---|---|---|
| TOTAL FUNDS | ||
| 2021 | 2020 | |
| £ | £ | |
| 288 CBF Shares at 31 December valuation |
6,744 | 5,90 0 |
7. ANALYSIS OF NET ASSETS BY FUND
| Unrestric ted Funds |
Restrict ed Funds |
Endowm ent Funds |
Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Fixed Assets & Investments | 3,376 | 196,970 | 6,744 | 207,090 |
| Current Assets | 80,672 | 14,028 | 94,700 | |
| Current Liabilities | (6,132) | (270) | (6,402) | |
| Long Term Liabilities | (43,353) | (43,353) | ||
| Fund Balance | 77,916 | 167,375 | 6,744 | 252,035 |
8. DEBTORS AND PREPAYMENTS
| TOTAL FUNDS | TOTAL FUNDS | |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Accrued Interest | ||
| Other receivable amounts | 416 | 1,436 |
| Insurances paid for following year |
2,216 | 2,145 |
| Other amounts paid for following year |
163 | 183 |
| Tax refunds | 3,403 | 3,475 |
| Total | 6,198 | 7,239 |
9. CURRENT LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
| TOTAL FUNDS | TOTAL FUNDS | |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| St. Peters Centre, Pedmore Charity |
270 | 270 |
| Professional Fees | 1,010 | |
| Repairs & Utilities | 749 | 376 |
| Others | 5,383 | 5,286 |
| Total | 6,402 | 6,942 |
Annual Report for the Year Ended 31 December 2021
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 | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| St. Peter’s Centre, Pedmore Charity, 60 year loan of charity capital for building St. Peter’s Centre |
45,000 | ||
| Less recoupment fund at 31 December 2021 |
(6,377) | ||
| Less due in under one year above |
(270) | ||
| 38,353 | 38,626 | ||
| St. Peter’s Centre, Pedmore Charity, indefnite loan of Charity Capital for St. Peter’s Centre Land |
5,000 | 5,000 | |
| Total | 43,353 | 43,626 |
Annual Report for the Year Ended 31 December 2021
Page 17
Parochial Church Council of St. Peter’s, Pedmore NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
11. FUNDS
| 11. FUNDS | ||
|---|---|---|
| TOTAL FUNDS | ||
| 2021 | 2020 | |
| £ | £ | |
| a) Unrestricted | ||
| General | 42,535 | 36,472 |
| Young Christian Holidays | 0 | 0 |
| Fabric | 0 | 0 |
| St Peters Centre | 35,192 | 27,917 |
| St Peters Centre Building Fund (part) |
0 | 0 |
| St Peters Centre Replacement Fixtures |
0 | 0 |
| Printing Surplus | 0 | 0 |
| Flower Guild | 189 | 370 |
| Organ (part) | 0 | 0 |
| Church Yard (part) | 0 | 0 |
| Mission (part) | 0 | 0 |
| Singles | 0 | 0 |
| Linen | 0 | 0 |
| Total | 77,916 | 64,759 |
| b) Restricted | ||
| Mission (part) | 0 | 0 |
| Evangelism | 1,148 | 2,259 |
| Teaching / Training | 315 | 315 |
| Linen | 377 | 377 |
| Fabric | 3,931 | 6,038 |
| Organ (part) | 6,177 | 6,174 |
| Projects | 1,378 | 1,378 |
| Church Yard (part) | 1,512 | 5,546 |
| St Peters Centre Building Fund (part) |
152,537 | 157,274 |
| Total | 167,375 | 179,361 |
| c) Endowment | ||
| Church Yard | 6,744 | 5,900 |
| Total | 6,744 | 5,900 |
| TOTAL VALUE OF FUNDS | 252,035 | 250,020 |
Annual Report for the Year Ended 31 December 2021
Page 18
Parochial Church Council of St. Peter’s, Pedmore NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
12.MOVEMENT ON FUNDS
| Fund Balance Brought Forward |
Incomi ng Resour ces |
Outgoi ng Resour ces |
Transfe rs |
Gains and Losses |
Fund Balance Carried Forward |
|
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| a) Unrestricted | ||||||
| General | 36,472 | 91,501 | (77,038) | (8,400) | 42,535 | |
| Young Christian Holidays | 0 | |||||
| Fabric | 0 | |||||
| St Peters Centre | 27,917 | 18,261 | (10,986) | 35,192 | ||
| St Peters Centre Building Fund (part) |
0 | |||||
| St Peters Centre Replacement Fixtures |
0 | |||||
| Printing Surplus | 0 | |||||
| Flower Guild | 370 | 46 | (227) | 189 | ||
| Organ (part) | 0 | |||||
| Church Yard (part) | 0 | |||||
| Mission (part) | 0 | (8,400) | 8,400 | |||
| Singles | 0 | |||||
| Linen | 0 | |||||
| Total | 64,759 | 109,808 | (96,651) | 0 | 0 | 77,916 |
| b) Restricted | ||||||
| Mission (part) | ||||||
| Evangelism | 2,259 | 1 | (1,112) | 1,148 | ||
| Teaching / Training | 315 | 315 | ||||
| Linen | 377 | 377 | ||||
| Fabric | 6,038 | 505 | (2,612) | 3,931 | ||
| Organ (part) | 6,174 | 3 | 6,177 | |||
| Projects | 1,378 | 1,378 | ||||
| Church Yard (part) | 5,546 | 6,172 | (10,206) | 1,512 | ||
| St Peters Centre Building Fund (part) |
157,274 | 3 | (4,740) | 152,537 | ||
| Singles | ||||||
| Linen | ||||||
| Total | 179,361 | 6,684 | (18,670) | 0 | 0 | 167,375 |
| c) Endowment | ||||||
| Church Yard | 5,900 | 844 | 6,744 | |||
| Total | 5,900 | 0 | 0 | 0 | 844 | 6,744 |
| TOTAL VALUE OF FUNDS | 250,020 | 116,492 | (115,32 1) |
0 | 844 | 252,035 |
Annual Report for the Year Ended 31 December 2021
Page 19
Parochial Church Council of St. Peter’s, Pedmore NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
13.TRANSFERS BETWEEN FUNDS
| From Fund To Fund Reason |
Amount |
|---|---|
| £ | |
| General Mission Annual Gifts to Societies |
8,400 |
| General Fabric Designated Provision for future liabilities |
0 |
| General Printing Designated Provision for future liabilities |
0 |
| General Organ Designated Provision for future liabilities |
0 |
| General Churchyard Designated Provision for future liabilities |
0 |
| Total | 8,400 |
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 £296
No other trustee received any remuneration from the Charity during the year 2021.
No other trustee received any expense payments for the year 2021
Annual Report for the Year Ended 31 December 2021
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 2021.
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 2021
Page 21
Parochial Church Council of St. Peter's, Pedmore Annual Report for the Year Ended 31 December 2021 Page 22
Parochial Church Council of St. Peter's, Pedmore Annual Report for the Year Ended 31 December 2021 Page 23
Parochial Church Council of St. Peter’s, Pedmore
Charity Number 1133783
Annual Report
Year Ended 31 December 2021
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 2021 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 2021
Page 1
Parochial Church Council of St. Peter's, Pedmore Annual Report for the Year Ended 31 December 2021 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 2021 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
Readers:
Mr Richard Sarjeant Mrs Mary German
Wardens:
Mrs Pauline Rollason, Mrs Joy Evans
Representatives on the Deanery Synod:
Mrs Joan Coleman
Elected members:
Mr Malcolm Medcraft Mrs Mary Medcraft Mr David Reeson, Treasurer Mr Tim German Mr Peter Coleman Mrs Anne Vincent Mr Steven Evans (from 18.01.21) Mrs Gayle Breakwell (from 18.01.21) Mrs Charlotte Neal (from 18.01.21)
Annual Report for the Year Ended 31 December 2021
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 2021
Page 4
Parochial Church Council of St. Peter’s, Pedmore Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2021
| No te |
Unrestric ted |
Restrict ed |
Endowm ent |
TOTAL FUNDS | TOTAL FUNDS |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | £ | |
| INCOMING RESOURCES | |||||
| Incoming resources from generated funds |
|||||
| Voluntary income - Regular 2a |
60,552 | 60,552 | 63,297 | ||
| Voluntary income - Occasional 2b |
20,730 | 1,499 | 22,229 | 25,944 | |
| Activities for generating funds 2c |
242 | ||||
| Investment income 2d |
44 | 185 | 229 | 371 | |
| Income in furtherance of Church objects 2e |
14,269 | 14,269 | 11,631 | ||
| Other incoming resources 2f |
12,600 | 5,000 | 17,600 | 2,328 | |
| Income received for others (see Resources used) 2g |
1,613 | 1,613 | 6,798 | ||
| TOTAL INCOMING RESOURCES | 109,808 | 6,684 | 116,492 | 110,611 | |
| RESOURCES USED | |||||
| Amounts collected for others 3a |
1,613 | 1,613 | 6,798 | ||
| Fundraising trading costs 3b |
353 | ||||
| Charitable activities - Mission gifts 3c |
8,400 | 8,400 | 6,600 | ||
| Charitable activities - Parish Share 3d |
56,000 | 56,000 | 56,000 | ||
| Charitable activities - Out of associated income 3e |
4,781 | 4,781 | 4,095 | ||
| Charitable activities - Clergy & services 3f |
2,740 | 704 | 3,444 | 2,682 | |
| Charitable activities - Church, buildings & surrounds 3g |
11,046 | 17,558 | 28,604 | 40,608 | |
| Charitable Activities - Management & administration 3h |
12,071 | 408 | 12,479 | 12,851 | |
| Other resources used 3i |
0 | ||||
| TOTAL RESOURCES USED | 96,651 | 18,670 | 115,321 | 129,987 | |
| TRANSFERS BETWEEN FUNDS | 0 | ||||
| NET INCOMING / (OUTGOING) RESOURCES |
13,1 57 |
(11,986) | 1,171 | (19,376) | |
| GAINS / LOSSES ON REVALUING INVESTMENTS |
844 | 844 | 379 | ||
| NET MOVEMENT IN FUNDS | 13,157 | (11,986) | 844 | 2,015 | (18,997) |
| Total Funds at 1 January 2021 | 64,759 | 179,361 | 5,900 | 250,020 | 269,017 |
| TOTAL FUNDS AT 31 DECEMBER 2021 11 |
77,916 | 167,375 | 6,744 | 252,035 | 250,020 |
Annual Report for the Year Ended 31 December 2021
Page 5
Parochial Church Council of St. Peter’s, Pedmore Balance Sheet AS AT 31 DECEMBER 2021
| AS AT 31 DECEMBER 2021 | ||
|---|---|---|
| No te |
TOTAL FUNDS | |
| 2021 | 2020 | |
| £ | £ | |
| FIXED ASSETS | ||
| Tangible Fixed Assets 5 |
200,346 | 205,768 |
| Investments 6 |
6,744 | 5,900 |
| 207,090 | 211,668 | |
| CURRENT ASSETS | ||
| Debtors and Prepayments 8 |
6,198 | 7,239 |
| Short Term Deposits | 55,970 | 55,916 |
| Cash at Bank and in Hand | 32,532 | 25,765 |
| 94,700 | 88,920 | |
| CURRENT LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 9 |
(6,402) | (6,942) |
| NET CURRENT ASSETS | 88,298 | 81,978 |
| LIABILITIES: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 10 |
(43,353) | (43,626) |
| NET ASSETS | 252,035 | 250,020 |
| FUNDS | ||
| Unrestricted 11a |
77,916 | 64,759 |
| Restricted 11 b |
167,375 | 179,361 |
| Endowment 11c |
6,744 | 5,900 |
| TOTAL VALUE OF FUNDS | 252,035 | 250,020 |
Annual Report for the Year Ended 31 December 2021
Page 6
Parochial Church Council of St. Peter’s, Pedmore Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2021
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 2021
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 2021
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 2021
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 2021
Page 10
Parochial Church Council of St. Peter’s, Pedmore NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
2. INCOMING RESOURCES
| Unrestri cted |
Restrict ed |
Endowm ent |
TOTAL FUNDS | TOTAL FUNDS | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | £ | |
| a) Voluntary income - Regular |
|||||
| Planned Giving | 37,261 | 37,261 | 41,367 | ||
| Collections & Other | 9,888 | 9,888 | 9,446 | ||
| Income Tax Recovered | 13,403 | 13,403 | 12,484 | ||
| Income Tax Recovery attached to specifc gifts |
|||||
| Total | 60,552 | 60,552 | 63,297 | ||
| b) Voluntary income - Occasional |
|||||
| General Donations |
10,594 | 10,594 | 3,730 | ||
| Specifc Donations | 136 | 1,499 | 1,635 | 6,611 | |
| Legacies | 10,000 | 10,000 | 15,603 | ||
| Total | 20,730 | 1,499 | 22,229 | 25,944 | |
| c) Activities for generating funds |
|||||
| Events | 242 | ||||
| Other | 0 | ||||
| Total | 242 | ||||
| d) Investment income | |||||
| Interest & dividends | 44 | 185 | 229 | 371 | |
| e) Income in furtherance of Church objects |
|||||
| Church Breakfast Donations | 156 | ||||
| Fees (see expenditure below) | 8,331 | 8,331 | 6,899 | ||
| Magazine (see expenditure below) |
1,024 | ||||
| Courses & Activities | 0 | ||||
| St Peters Centre Lettings | 5,938 | 5,938 | 3,552 | ||
| Other | |||||
| Total | 14,269 | 14,269 | 11,631 | ||
| f) Other incoming resources | |||||
| Total | 12,600 | 5,000 | 17,600 | 2,328 | |
| g) Income received for others (see Resources used) |
|||||
| Harvest special collection | 505 | 505 | 264 | ||
| Christingle collection | 219 | ||||
| Others | 1,108 | 1,108 | 6,315 | ||
| Total | 1,613 | 1,613 | 6,798 | ||
| TOTAL INCOMING | 109,808 | 6,684 | 116,492 | 110,611 |
Annual Report for the Year Ended 31 December 2021
Page 11
Parochial Church Council of St. Peter's. Pedmore RESOURCES Annual Report for the Year Ended 31 December 2021 Page 12
Parochial Church Council of St. Peter’s, Pedmore NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
3. RESOURCES USED
| 3. RESOURCES USED | |||||
|---|---|---|---|---|---|
| Unrestric ted |
Restricte d |
Endowme nt |
TOTAL FUNDS | ||
| Funds | Funds | Funds | 202 1 |
2020 | |
| £ | £ | £ | £ | £ | |
| a) Paid re collected for others | |||||
| Harvest special collection | 505 | 505 | 264 | ||
| Christingle collection | 219 | ||||
| Others | 1,108 | 1,108 | 6,315 | ||
| Total | 1,613 | 1,613 | 6,798 | ||
| b) Fundraising trading costs | |||||
| Events Costs | 353 | ||||
| Other | 0 | ||||
| Total | 353 | ||||
| c) Charitable activities - Mission gifts |
8,400 | 8,400 | 6,600 | ||
| d) Charitable activities - Parish Share Note 1 |
56,000 | 56,000 | 56,000 | ||
| Fees (see income above) | 4,781 | 4,781 | 3,325 | ||
| Magazine (see income above) | 770 | ||||
| Courses & Activities | 0 | ||||
| Total | 4,781 | 4,781 | 4,095 | ||
| f) Charitable activities - Clergy & services |
|||||
| Church Breakfast Expenses | 176 | ||||
| Clergy Expenses | 296 | 296 | 240 | ||
| Family worker Salary and employment costs |
16 | 16 | |||
| Cost of Services | 1,776 | 1,776 | 1,018 | ||
| Youth and Sunday School | 18 | 18 | 67 | ||
| Other | 634 | 704 | 1338 | 1,181 | |
| Total | 2,740 | 704 | 3,444 | 2,682 | |
| g) Charitable activities - church, buildings & surrounds |
|||||
| Church Running Expenses | 6,015 | 1,710 | 7,725 | 8,604 | |
| Repairs | 4,349 | 11,108 | 15,457 | 5,320 | |
| Projects Expenditure | 21, 262 |
||||
| Depreciation - Buildings | 4,740 | 4,740 | 4,740 | ||
| Depreciation - Furniture, Fixtures & Plant |
682 | 682 | 682 | ||
| Total | 11,046 | 17,558 | 28,604 | 40,608 | |
| h) Charitable activities - management & administration |
|||||
| Printing & Stationery |
611 | 408 | 1,019 | 661 | |
| Ofice Repairs & Renewals | 404 | 404 | 57 | ||
| Remuneration Costs | 10,466 | 10,466 | 11,154 | ||
| Depreciation | |||||
| Other | 590 | 590 | 979 | ||
| Total | 12,071 | 408 | 12,479 | 12,851 | |
| i) Other resources used | 0 | ||||
| TOTAL RESOURCES USED | 96,651 | 18,670 | 115,321 | 129,987 |
Annual Report for the Year Ended 31 December 2021
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 2021
Page 14
Parochial Church Council of St. Peter’s, Pedmore NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
4. PAID EMPLOYEES
Staff Costs
| 4. PAID EMPLOYEES Staf Costs |
||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Gross Wages | 10,466 | 11,154 |
| Employers National Insurance | 0 | |
| Total | 10,466 | 11,154 |
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 s |
Equipme nt |
Total | |
| £ | £ | £ | £ | |
| Actual / Deemed Cost | ||||
| At 1 January 2021 | 5,000 | 284,426 | 86,069 | 375,495 |
| Additions | ||||
| Disposals | ||||
| At 31 December 2021 | 5,000 | 284,426 | 86,069 | 375,495 |
| Depreciation | ||||
| At 1 January 2021 | 87,716 | 82,011 | 169,727 | |
| Charge for the Year | 4,740 | 682 | 5422 | |
| Disposals | ||||
| At 31 December 2021 | 92,456 | 82,693 | 175,149 | |
| Net Book Value | ||||
| At 31 December 2021 | 5,000 | 196,710 | 3,376 | 200,346 |
| At 31 December 2020 | 5,000 | 196,710 | 4,058 | 205,768 |
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 2021
Page 15
Parochial Church Council of St. Peter’s, Pedmore NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
6. INVESTMENTS
| 6. INVESTMENTS | ||
|---|---|---|
| TOTAL FUNDS | ||
| 2021 | 2020 | |
| £ | £ | |
| 288 CBF Shares at 31 December valuation |
6,744 | 5,90 0 |
7. ANALYSIS OF NET ASSETS BY FUND
| Unrestric ted Funds |
Restrict ed Funds |
Endowm ent Funds |
Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Fixed Assets & Investments | 3,376 | 196,970 | 6,744 | 207,090 |
| Current Assets | 80,672 | 14,028 | 94,700 | |
| Current Liabilities | (6,132) | (270) | (6,402) | |
| Long Term Liabilities | (43,353) | (43,353) | ||
| Fund Balance | 77,916 | 167,375 | 6,744 | 252,035 |
8. DEBTORS AND PREPAYMENTS
| TOTAL FUNDS | TOTAL FUNDS | |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Accrued Interest | ||
| Other receivable amounts | 416 | 1,436 |
| Insurances paid for following year |
2,216 | 2,145 |
| Other amounts paid for following year |
163 | 183 |
| Tax refunds | 3,403 | 3,475 |
| Total | 6,198 | 7,239 |
9. CURRENT LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
| TOTAL FUNDS | TOTAL FUNDS | |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| St. Peters Centre, Pedmore Charity |
270 | 270 |
| Professional Fees | 1,010 | |
| Repairs & Utilities | 749 | 376 |
| Others | 5,383 | 5,286 |
| Total | 6,402 | 6,942 |
Annual Report for the Year Ended 31 December 2021
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 | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| St. Peter’s Centre, Pedmore Charity, 60 year loan of charity capital for building St. Peter’s Centre |
45,000 | ||
| Less recoupment fund at 31 December 2021 |
(6,377) | ||
| Less due in under one year above |
(270) | ||
| 38,353 | 38,626 | ||
| St. Peter’s Centre, Pedmore Charity, indefnite loan of Charity Capital for St. Peter’s Centre Land |
5,000 | 5,000 | |
| Total | 43,353 | 43,626 |
Annual Report for the Year Ended 31 December 2021
Page 17
Parochial Church Council of St. Peter’s, Pedmore NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
11. FUNDS
| 11. FUNDS | ||
|---|---|---|
| TOTAL FUNDS | ||
| 2021 | 2020 | |
| £ | £ | |
| a) Unrestricted | ||
| General | 42,535 | 36,472 |
| Young Christian Holidays | 0 | 0 |
| Fabric | 0 | 0 |
| St Peters Centre | 35,192 | 27,917 |
| St Peters Centre Building Fund (part) |
0 | 0 |
| St Peters Centre Replacement Fixtures |
0 | 0 |
| Printing Surplus | 0 | 0 |
| Flower Guild | 189 | 370 |
| Organ (part) | 0 | 0 |
| Church Yard (part) | 0 | 0 |
| Mission (part) | 0 | 0 |
| Singles | 0 | 0 |
| Linen | 0 | 0 |
| Total | 77,916 | 64,759 |
| b) Restricted | ||
| Mission (part) | 0 | 0 |
| Evangelism | 1,148 | 2,259 |
| Teaching / Training | 315 | 315 |
| Linen | 377 | 377 |
| Fabric | 3,931 | 6,038 |
| Organ (part) | 6,177 | 6,174 |
| Projects | 1,378 | 1,378 |
| Church Yard (part) | 1,512 | 5,546 |
| St Peters Centre Building Fund (part) |
152,537 | 157,274 |
| Total | 167,375 | 179,361 |
| c) Endowment | ||
| Church Yard | 6,744 | 5,900 |
| Total | 6,744 | 5,900 |
| TOTAL VALUE OF FUNDS | 252,035 | 250,020 |
Annual Report for the Year Ended 31 December 2021
Page 18
Parochial Church Council of St. Peter’s, Pedmore NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
12.MOVEMENT ON FUNDS
| Fund Balance Brought Forward |
Incomi ng Resour ces |
Outgoi ng Resour ces |
Transfe rs |
Gains and Losses |
Fund Balance Carried Forward |
|
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| a) Unrestricted | ||||||
| General | 36,472 | 91,501 | (77,038) | (8,400) | 42,535 | |
| Young Christian Holidays | 0 | |||||
| Fabric | 0 | |||||
| St Peters Centre | 27,917 | 18,261 | (10,986) | 35,192 | ||
| St Peters Centre Building Fund (part) |
0 | |||||
| St Peters Centre Replacement Fixtures |
0 | |||||
| Printing Surplus | 0 | |||||
| Flower Guild | 370 | 46 | (227) | 189 | ||
| Organ (part) | 0 | |||||
| Church Yard (part) | 0 | |||||
| Mission (part) | 0 | (8,400) | 8,400 | |||
| Singles | 0 | |||||
| Linen | 0 | |||||
| Total | 64,759 | 109,808 | (96,651) | 0 | 0 | 77,916 |
| b) Restricted | ||||||
| Mission (part) | ||||||
| Evangelism | 2,259 | 1 | (1,112) | 1,148 | ||
| Teaching / Training | 315 | 315 | ||||
| Linen | 377 | 377 | ||||
| Fabric | 6,038 | 505 | (2,612) | 3,931 | ||
| Organ (part) | 6,174 | 3 | 6,177 | |||
| Projects | 1,378 | 1,378 | ||||
| Church Yard (part) | 5,546 | 6,172 | (10,206) | 1,512 | ||
| St Peters Centre Building Fund (part) |
157,274 | 3 | (4,740) | 152,537 | ||
| Singles | ||||||
| Linen | ||||||
| Total | 179,361 | 6,684 | (18,670) | 0 | 0 | 167,375 |
| c) Endowment | ||||||
| Church Yard | 5,900 | 844 | 6,744 | |||
| Total | 5,900 | 0 | 0 | 0 | 844 | 6,744 |
| TOTAL VALUE OF FUNDS | 250,020 | 116,492 | (115,32 1) |
0 | 844 | 252,035 |
Annual Report for the Year Ended 31 December 2021
Page 19
Parochial Church Council of St. Peter’s, Pedmore NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
13.TRANSFERS BETWEEN FUNDS
| From Fund To Fund Reason |
Amount |
|---|---|
| £ | |
| General Mission Annual Gifts to Societies |
8,400 |
| General Fabric Designated Provision for future liabilities |
0 |
| General Printing Designated Provision for future liabilities |
0 |
| General Organ Designated Provision for future liabilities |
0 |
| General Churchyard Designated Provision for future liabilities |
0 |
| Total | 8,400 |
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 £296
No other trustee received any remuneration from the Charity during the year 2021.
No other trustee received any expense payments for the year 2021
Annual Report for the Year Ended 31 December 2021
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 2021.
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 2021
Page 21
Parochial Church Council of St. Peter's, Pedmore Annual Report for the Year Ended 31 December 2021 Page 22
Parochial Church Council of St. Peter's, Pedmore Annual Report for the Year Ended 31 December 2021 Page 23