# **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
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## 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
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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
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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 2021
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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 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
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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
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