# **Parochial Church Council of St. Peter’s, Pedmore** _Charity Number 1133783_ ## **Annual Report** **Year Ended 31 December 2022** 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 2022 the PCC has continued to comply with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults). In particular, the PCC has continued to use the safeguarding toolkit provided by the Diocese as a way of self-assessment to ensure that it fulfils its duties and responsibilities. Annual Report for the Year Ended 31 December 2022 Page 1 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 2022 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, resigned 17.01.2022 ## **Wardens:** Mrs Pauline Rollason, Mrs Joy Evans ## **Representatives on the Deanery Synod:** Mrs Joan Coleman ## **Elected members:** Mr Malcolm Medcraft Treasurer Mrs Mary Medcraft Mr David Reeson, Mr Tim German, resigned 17.01.2022 Mr Peter Coleman Mrs Anne Vincent Mr Jim Ford Mr Steven Evans Mrs Gayle Breakwell Mrs Charlotte Neal Annual Report for the Year Ended 31 December 2022 Page 2 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 2022 Page 3 Parochial Church Council of St. Peter’s, Pedmore ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022** |**Note**
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income - Regular
_2a_
Voluntary income - Occasional
_2b_
Activities for generating funds
_2c_
Investment income
_2d_
Income in furtherance of Church objects
_2e_
Other incoming resources
_2f_
Income received for others (see
Resources used)
_2g_
TOTAL INCOMING RESOURCES
RESOURCES USED
Amounts collected for others
_3a_
Fundraising trading costs
_3b_
Charitable activities - Mission gifts
_3c_
Charitable activities - Parish Share
_3d_
Charitable activities - Out of associated
income
_3e_
Charitable activities - Clergy & services
_3f_
Charitable activities - Church, buildings
& surrounds
_3g_
Charitable Activities - Management &
administration
_3h_
Other resources used
_3i_
TOTAL RESOURCES USED
TRANSFERS BETWEEN FUNDS
NET INCOMING / (OUTGOING)
RESOURCES
GAINS / LOSSES ON REVALUING
INVESTMENTS
NET MOVEMENT IN FUNDS
Total Funds at 1 January 2022
TOTAL FUNDS AT 31 DECEMBER
2022
_11_|**Unrestricted**
**Funds**
**£**
56,733
14,301
257
20871
2667
1735
96,564
1,735
8,000
55,678
5,944
2,365
14,108
14,164
101,994
(5,430)
(5,464)
77,916
72,486|**Restricted**
**Funds**
**£**
1,366
838
546
2,750
7,277
7,277
(4,527)
(4,493)
167,375
162,848|**Endowmen**
**t**
**Funds**
**£**
(794)
(794)
6,744
5,950|**TOTAL**
**2022**
**£**
56,733
15,667
838
803
20,871
2,667
1,735
99,314
1,735
8,000
55,678
5,944
2,365
21,385
14,164
109,271
(9,957)
(794)
(10,751)
252,035
241,284|**FUNDS**
**2021**
**£**
60,552
22,229
229
14,269
17,600
1,613| |---|---|---|---|---|---| ||||||116,492| ||||||1,613
8,400
56,000
4,781
3,444
28,604
12,479
0| ||||||115,321| ||||||0| ||||||1.171| ||||||844| ||||||2015| ||||||250,020| ||||||252,035| Annual Report for the Year Ended 31 December 2022 Page 4 Parochial Church Council of St. Peter's, Pedmore Annual Report for the Year Ended 31 December 2022 Page 5 Parochial Church Council of St. Peter’s, Pedmore ## **BALANCE SHEET AS AT 31 DECEMBER 2022** |**Note**
FIXED ASSETS
Tangible Fixed Assets
_5_
Investments
_6_
CURRENT ASSETS
Debtors and Prepayments
_8_
Short Term Deposits
Cash at Bank and in Hand
CURRENT LIABILITIES: AMOUNTS FALLING
DUE WITHIN ONE YEAR
_9_
NET CURRENT ASSETS
LIABILITIES: AMOUNTS FALLING DUE AFTER
MORE THAN ONE YEAR
_10_
NET ASSETS
FUNDS
Unrestricted
_11a_
Restricted
_11b_
Endowment
_11c_
TOTAL VALUE OF FUNDS|**TOTAL FUNDS**
**2022**
**2021**
**£**
**£**
200,061
200,346
5,950
6,744
206,011
207,090
6,163
6,198
56,490
55,970
23,890
32,532
86,543
94,700
(8,271)
(6,402)
78,272
88,298
(42,999)
(43,353)
241,284
252,035
72,486
77,916
162,848
167,375
5,950
6,744
241,284
252,035|**TOTAL FUNDS**
**2022**
**2021**
**£**
**£**
200,061
200,346
5,950
6,744
206,011
207,090
6,163
6,198
56,490
55,970
23,890
32,532
86,543
94,700
(8,271)
(6,402)
78,272
88,298
(42,999)
(43,353)
241,284
252,035
72,486
77,916
162,848
167,375
5,950
6,744
241,284
252,035| |---|---|---| |||207,090
6,198
55,970
32,532| |||94,700
(6,402)| |||88,298| |||(43,353)| |||252,035| |||77,916
167,375
6,744| |||252,035| Annual Report for the Year Ended 31 December 2022 Page 6 Parochial Church Council of St. Peter’s, Pedmore ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** ## **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. ## **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 2022 Page 7 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. ## _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 2022 Page 8 Parochial Church Council of St. Peter’s, Pedmore ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **INCOMING RESOURCES** |**a) Voluntary income - Regular**
Planned Giving
Collections & Other
Income Tax Recovered
Income Tax Recovery attached to specific gifts
Total
**b) Voluntary income - Occasional**
General Donations
Specific Donations
Legacies
Total
**c) Activities for generating funds**
Events
Other
Total
**d) Investment income**
Interest & dividends
e**) Income in furtherance of Church objects**
Church Breakfast Donations
Fees (see expenditure below)
Magazine (see expenditure below)
Courses & Activities
St Peters Centre Lettings
Other
Total
**f) Other incoming resources**
Total
**g) Income received for others (see**
**Resources used)**
Harvest special collection
Christingle collection
Others
Total
**TOTAL INCOMING RESOURCES**|**Unrestricte**
**d**
**Funds**
**£**
33,458
11,076
12,199
56,733
2,105
1,196
11,000
14,301
257
9,507
11,364
20,871
2,667
90
19
1,626
1,735
96,564|**Restricted**
**Funds**
**£**
1,366
1,366
838
838
546
2,750|**Endowmen**
**t**
**Funds**
**£**|**TOTAL FUNDS**
**2022**
**2021**
**£**
**£**
33,458
37,261
11,076
9,888
12,199
13,403
56,733
60,552
2,105
10,594
2,562
1,635
11,000
10,000
15,667
22,229
838
0
0
838
0
803
229
0
9,507
8,331
0
0
11,364
5,938
20,871
14,269
2,667
17,600
90
505
19
0
1,626
1,108
1,735
1,613
99,314
116,492|**TOTAL FUNDS**
**2022**
**2021**
**£**
**£**
33,458
37,261
11,076
9,888
12,199
13,403
56,733
60,552
2,105
10,594
2,562
1,635
11,000
10,000
15,667
22,229
838
0
0
838
0
803
229
0
9,507
8,331
0
0
11,364
5,938
20,871
14,269
2,667
17,600
90
505
19
0
1,626
1,108
1,735
1,613
99,314
116,492| |---|---|---|---|---|---| ||||||60,552| ||||||10,594
1,635
10,000| ||||||22,229| ||||||0
0| ||||||0| ||||||| ||||||229| ||||||0
8,331
0
0
5,938| ||||||14,269| ||||||| ||||||17,600| ||||||505
0
1,108| ||||||1,613| ||||||| ||||||116,492| Annual Report for the Year Ended 31 December 2022 Page 9 Parochial Church Council of St. Peter's, Pedmore Annual Report for the Year Ended 31 December 2022 Page 10 Parochial Church Council of St. Peter’s, Pedmore ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **RESOURCES USED** |**Unrestricted**
**Funds**
**£**
**a) Paid re collected for others**
Harvest special collection
90
Christingle collection
19
Others
1,626
Total
1,735
**b) Fundraising trading costs**
Events Costs
Other
Total
**c) Charitable activities - Mission gifts**
8,000
**d) Charitable activities - Parish Share**Note 1
55,678
Fees (see income above)
5,499
Magazine (see income above)
Courses & Activities
445
Total
5,944
**f) Charitable activities - Clergy & services**
Church Breakfast Expenses
Clergy Expenses
328
Family worker Salary and employment costs
Cost of Services
1,611
Youth and Sunday School
107
Other
319
Total
2,365
**g) Charitable activities - church, buildings & surrounds**
Church Running Expenses
8,407
Repairs
4,932
Projects Expenditure
Depreciation - Buildings
Depreciation - Furniture, Fixtures & Plant
769
Total
14,108
**h) Charitable activities - management &**
**administration**
Printing & Stationery
609
Office Repairs & Renewals
146
Remuneration Costs
11,238
Depreciation
Other
2,171
Total
14,164
**i) Other resources used**
**TOTAL RESOURCES USED**
101,994|**Restricted**
**Funds**
**£**
2,537
4,740
7,277
7,277|**Endowment**
**Funds**
**£**|**TOTAL FUNDS**
**2022**
**2021**
**£**
**£**
90
505
19
0
1,626
1,108
1,735
1,613
0
0
0
8,000
8,400
55,678
56,000
5,499
4,781
0
445
0
5,944
4,781
0
328
296
16
1,611
1,776
107
18
319
1,338
2,365
3,444
8,407
7,725
7,469
15,457
4,740
4,740
769
682
21,385
28,604
609
1,019
146
404
11,238
10,466
2,171
590
14,164
12,479
0
109,271
115,321|**TOTAL FUNDS**
**2022**
**2021**
**£**
**£**
90
505
19
0
1,626
1,108
1,735
1,613
0
0
0
8,000
8,400
55,678
56,000
5,499
4,781
0
445
0
5,944
4,781
0
328
296
16
1,611
1,776
107
18
319
1,338
2,365
3,444
8,407
7,725
7,469
15,457
4,740
4,740
769
682
21,385
28,604
609
1,019
146
404
11,238
10,466
2,171
590
14,164
12,479
0
109,271
115,321| |---|---|---|---|---| |||||1,613| |||||0
0| |||||0| |||||8,400| |||||56,000| |||||4,781
0
0| |||||4,781| |||||0
296
16
1,776
18
1,338| |||||3,444| |||||7,725
15,457
4,740
682| |||||28,604| |||||1,019
404
10,466
590| |||||12,479| |||||0| |||||| |||||115,321| 1 Parish share is paid to the Worcester Diocesan Board of Finance Ltd. Annual Report for the Year Ended 31 December 2022 Page 11 Parochial Church Council of St. Peter’s, Pedmore ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **PAID EMPLOYEES Staff Costs** |**PAID EMPLOYEES**
**Staff Costs**||| |---|---|---| |Gross Wages
Employers National Insurance
**Total**|**2022**
**£**
11,238
11,238|**2021**
**£**
10,466
0| |||10,466| ## **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. ## **FIXED ASSETS3** |**Actual / Deemed Cost**
At 1 January 2022
Additions
Disposals
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the Year
Disposals
At 31 December 2022
Net Book Value
At 31 December 2022
At 31 December 2021|**Land**
**£**
5,000
5,000
5,000
5,000|**Buildings**
**£**
284,426
284,426
92,456
4,740
97,196
187,230
191,970|**Equipment**
**£**
86,069
5,224
91,293
82,693
769
83,462
7,831
3,376|**Total**
**£**
375,495
5,224| |---|---|---|---|---| |||||380,719| |||||175,149
5,509| |||||180,658| |||||200,061| |||||200,346| 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 2022 Page 12 Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **INVESTMENTS** ## **TOTAL FUNDS** |288 CBF Shares at 31 December valuation
**ANALYSIS OF NET ASSETS BY FUND**
Fixed Assets & Investments
Current Assets
Current Liabilities
Long Term Liabilities
**Fund Balance**
**DEBTORS AND PREPAYMENTS**
Accrued Interest
Other receivable amounts
Insurances paid for following year
Other amounts paid for following year
Tax refunds
**Total**|**Unrestricted**
**Funds**
**£**
7,831
72,656
(8,001)
72,486|**Restricted**
**Funds**
**£**
192,230
13,887
(270)
(42,999)
162,848||**2022**
**2021**
**£**
**£**
5,950
6,744
**Endowment**
**Funds**
**Total**
**£**
**£**
5,950
206,011
86,543
(8,271)
(42,999)
5,950
241,284
**TOTAL FUNDS**
**2022**
**2021**
**£**
**£**
191
416
2,924
2,216
198
163
2,850
3,403
6,163
6,198|**2021**
**£**
6,744| |---|---|---|---|---|---| ||||||6,198| ## **CURRENT LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR** |St. Peters Centre, Pedmore Charity
Professional Fees
Repairs & Utilities
Others
**Total**|**TOTAL FUNDS**
**2022**
**2021**
**£**
**£**
270
270
2,685
749
5,316
5,383
8,271
6,402|**TOTAL FUNDS**
**2022**
**2021**
**£**
**£**
270
270
2,685
749
5,316
5,383
8,271
6,402| |---|---|---| |||6,402| Annual Report for the Year Ended 31 December 2022 Page 13 Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **LIABILITIES: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR** |St. Peter’s Centre, Pedmore Charity, 60
year loan of charity capital for building
St. Peter’s Centre
Less recoupment fund at 31 December
2022
Less due in under one year above
St. Peter’s Centre, Pedmore Charity,
indefinite loan of Charity Capital for St.
Peter’s Centre Land
**Total**|45,000
(6,731)
(270)|**TOTAL FUNDS**
**2022**
**2021**
**£**
**£**
37,999
38,353
5,000
5,000
42,999
43,353|**TOTAL FUNDS**
**2022**
**2021**
**£**
**£**
37,999
38,353
5,000
5,000
42,999
43,353| |---|---|---|---| ||||43,353| Annual Report for the Year Ended 31 December 2022 Page 14 Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **FUNDS** |**a) Unrestricted**
General
Young Christian Holidays
Fabric
St Peters Centre
St Peters Centre Building Fund (part)
St Peters Centre Replacement Fixtures
Printing Surplus
Flower Guild
Organ (part)
Church Yard (part)
Mission (part)
Singles
Linen
**Total**
**b) Restricted**
Mission (part)
Evangelism
Teaching / Training
Linen
Fabric
Organ (part)
Projects
Church Yard (part)
St Peters Centre Building Fund (part)
**Total**
**c) Endowment**
Church Yard
**Total**
**TOTAL VALUE OF FUNDS**|**TOTAL FUNDS**
**2022**
**2021**
**£**
**£**
35,264
42,535
0
0
0
0
37,086
35,192
0
0
0
0
0
0
136
189
0
0
0
0
0
0
0
0
0
0
72,486
77,916
0
0
1,325
1,148
318
315
377
377
3,656
3,931
6,248
6,177
1,392
1,378
1,651
1,512
147,881
152,537
162,848
167,375
5,950
6,744
5,950
6,744
241,284
252,035|**TOTAL FUNDS**
**2022**
**2021**
**£**
**£**
35,264
42,535
0
0
0
0
37,086
35,192
0
0
0
0
0
0
136
189
0
0
0
0
0
0
0
0
0
0
72,486
77,916
0
0
1,325
1,148
318
315
377
377
3,656
3,931
6,248
6,177
1,392
1,378
1,651
1,512
147,881
152,537
162,848
167,375
5,950
6,744
5,950
6,744
241,284
252,035| |---|---|---| |||77,916| |||0
1,148
315
377
3,931
6,177
1,378
1,512
152,537| |||167,375| |||6,744| |||6,744| |||| |||252,035| Annual Report for the Year Ended 31 December 2022 Page 15 Parochial Church Council of St. Peter’s, Pedmore ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **MOVEMENT ON FUNDS** |**a) Unrestricted**
General
Young Christian Holidays
Fabric
St Peters Centre
St Peters Centre Building Fund (part)
St Peters Centre Replacement Fixtures
Printing Surplus
Flower Guild
Organ (part)
Church Yard (part)
Mission (part)
Singles
Linen
Total
**b) Restricted**
Mission (part)
Evangelism
Teaching / Training
Linen
Fabric
Organ (part)
Projects
Church Yard (part)
St Peters Centre Building Fund (part)
Singles
Linen
Total
**c) Endowment**
Church Yard
Total
**TOTAL VALUE OF FUNDS**|**Fund**
**Balance**
**Brought**
**Forward**
**£**
42,536
0
0
35,191
0
0
0
189
0
0
0
0
0|**Incoming**
**Resources**
**£**
82,029
14,318
217|**Outgoing**
**Resources**
**£**
(81,301)
(12,423)
(270)
(8,000)|**Transfers**
**£**
(8,000)
8,000|**Gains and**
**Losses**
**£**|**Fund**
**Balance**
**Carried**
**Forward**
**£**
35,264
37,086
136| |---|---|---|---|---|---|---| ||77,916|96,564|(101,994)|0|0|72,486| ||1,147
315
377
3,931
6,177
1,378
1,513
152,537|178
3
1619
71
14
781
84|(1,894)
(643)
(4,740)|||1,325
318
377
3,656
6,248
1,392
1,651
147,881| ||167,375|2,750|(7,277)|0|0|162,848| ||6,744
6,744
252,035|0
116,492|0
(115,321)|0
0|(794)
(794)
844|5,950| |||||||5,950| |||||||| |||||||241,284| Annual Report for the Year Ended 31 December 2022 Page 16 Parochial Church Council of St. Peter’s, Pedmore **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## **TRANSFERS BETWEEN FUNDS** |**From Fund**
**To Fund**
**Reason**
General
Mission
Annual Gifts to Societies
General
Fabric Designated
Provision for future liabilities
General
Printing Designated
Provision for future liabilities
General
Organ Designated
Provision for future liabilities
General
Churchyard Designated
Provision for future liabilities
**Total**|**Amount**
**£**
8,000
0
0
0
0| |---|---| ||8,000| ## **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 £328 No other trustee received any remuneration from the Charity during the year 2022. No other trustee received any expense payments for the year 2022 Annual Report for the Year Ended 31 December 2022 Page 17 Parochial Church Council of St. Peter's, Pedmore INDEPENDENT EXAMINER'S REPORT IDdepeDdtttt Ex*mlDer'8 k¢port I report lo the truste¢s on my exam7r￿s0￿ of the ac¢ounis of th¢ Par(Khial Church Council of St Peter's Pedmore (The Tnjsi) w'hich are set out on pages 4 to 15 wevious for the yeÉr ended 31 De¢¢mt*r 2022 RESPONSIBILtriES AND BASIS OF THE REPORT A5 the ¢hari¢y tTUSte¢s of the Tnksi you are rtspoDsibl¢ for th¢ pr¢paration of the accounts in a¢¢wdan¢¢ wilh the requirements of the Charities Aci 2011 {'th¢ Act'} I reporr itt respect of mv examination of th¢ Trust's actounts carried out un(kr section 145 of the 2011 Act and in grryin8 oul my ¢xamittation I have followed all the applicable D1￿CtIonS given by the Charity Cornmi5sion ullder section 145{5Xb) of the Act. INDEPEND￿ EX4MINER'S STATEMENT I ha￿.¢ cotnpl¢td my ¢A8mination. I confinn that no material matters have ¢ome w my attentioll ill conne¢iio with the examination 8IVLII8 me ¢ws¢ tts beli¢ve that in any material respect Th¢ a¢￿￿ntIng r¢rords We￿ not kept in r¢Sp￿t of th¢ Tru$t a$ required by sethion 130 of the Act.. or 21 The a￿ountS do not accord with ihos¢ ￿L￿d$. or 31 The ac¢ounL% do not comply with the applitable requiremenis conc¢rnin8 the form and conieni of accou￿ts Set out in th¢ 'Charities (Accounts and R¢ports) Regulations 2008, other than any requir¢m¢nts thai the aecounts give a iru¢ and fsir view which 15 not a rnatter ¢onsid¢r¢d as part of an independent examination. I hav¢ no Col￿ern5 and hav¢ com¢ across no other matter5 iTr connection with the examination to which attentio should k draw￿ in this in order to en&ble a proper understsnding of the aceounts to FK reached tL' "41 & 11i'. - ) Il. _L..u. Annual Report for the Year Ended 31 December 2022 Page 18