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← The Parochial Church Council Of The Ecclesiastical Parish Of St. Peter's Pedmore, Stourbridge

2024-12-31-accounts

Parochial Church Council of St. Peter’s, Pedmore Charity Number 1133783

Annual Report

Year Ended 31 December 2024

TRUSTEES’ REPORT

AIM AND PURPOSES

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

OBJECTIVES AND ACTIVITIES

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

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

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:

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 Rector, churchwardens, readers who wish, and members elected by those members of the congregation who are on the Electoral Roll. There are currently 83 people 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 2024 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.

Our parish of Pedmore is committed to safeguarding children, young people and adults from harm. We follow the House of Bishops guidance and policies and have our own Parish Safeguarding Officer (PSO). Our Diocese of Worcester’s safeguarding pages contain vital links and information including contacts for the Diocesan Safeguarding Advisor who advises our PSO. If you are concerned that a child or adult has been harmed or may be at risk of harm please contact the PSO, Elaine Hurry or - the Diocesan Safeguarding Advisor, Hilary Higton at hhigton@cofe worcester.org.uk. If you have immediate concerns about the safety of someone, please contact the police and your local authority’s children or adult social care services."

PAROCHIAL CHURCH COUNCIL OF ST PETER’S, PEDMORE Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. During the period from 1 January 2024 to the date of this report the following served as members of the PCC:

Rector: The Rev'd Canon W David Nichol

Readers: Mr Richard Sarjeant

Wardens: Mrs Joy Evans and Mr Jim Ford

Representatives on the Deanery Synod: Mrs Pauline Rollason and Mr David Reeson

Elected members:

PCC Secretary Mrs Sally-Anne Hedworth (not a member of the PCC) until June 2024 Safeguarding officer Mrs Elaine Hurry (not a member of the PCC)

COMMITTEES

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

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

St Peter's Centre Committee . To represent the council in the operation of St Peter's Centre under Terms of Reference agreed by the council. Mission Committee . To act as prayer support for mission societies. To raise and distribute monies to various mission and charitable

organisations. To act as an informational and educational body of the Church.

David Nichol PCC Chair

PCC CHAIR’S REPORT

In one sense all I really need to say is two words, thank you . Thank you to those who have led worship, provided music, helped with Saplings, led Messy Church and Forest Church, arranged flowers, cleaned the church, read the readings, led prayers, delivered CD’s, managed the church centre, served on the PCC, served as sides people, looked after the churchyard, made coffee, and so the list can go on don’t feel overlooked if you are not mentioned that is simply my mistake. Thank you for doing what you do for St Peter’s

2024 has seen the church continue to seek to serve the parish of Pedmore through the regular round of services, links with the school, activities for younger families and children. A continued concern must be the changing nature of society and the fact that there are far fewer opportunities to make links with the wider community as we now live in a more secular age. Some work has been begun with a Mission Accompanier but this has so far only shown limited results. David Nichol announced that he will be retiring in May 2025 this will lead the PCC to be able address the vacancy and to seek to shape the next chapter in the life of St Peter’s.

Others will comment more fully on finance and fabric but it is safe to say that finance remains a continued challenge. The fabric of an old building is always going to cause problems that will need to be addressed. The churchyard will always be a challenge but this year the PCC is very grateful to Adam Squire for the time he has put in mowing and tidying the grounds.

It is easy to become worried and daunted by the challenges we face but the words from the hymn “Praise to the Lord”, which includes the lines “ponder anew what the Almighty can do” should be the words that form the backdrop to all that the church seeks to do recognising that it is not in our own strength but rather in God’s strength and power that the church operates.

SECTION REPORTS

CHURCHWARDEN'S REPORT for 2024.

The churchyard perimeter wall.

The quinquennial report of 2023 highlighted the need to repair much of the churchyard perimeter wall. This resulted in a lot of time in the early weeks of 2024 filling out List B forms to obtain a faculty to give us permission to repair the wall as well as getting quotations for the work. Part of the wall, adjacent to Round Hill Avenue, collapsed caused by water percolating through the stonework following heavy rain. The faculty was granted, and the repairs were carried out by Stonemasons of Worcester and were completed in 3 weeks on the 10[th] of May. All the conditions imposed by the diocese were discharged and the work was completed to a high standard. The final cost was £9829.20.

The church and churchyard.

The maintenance of the churchyard has been helped by the visits of the Probation Service especially during the grass cutting season. A faculty was obtained to fell two dead trees in the churchyard, and these have been subsequently removed. The gate between the churchyard and the cricket club was in a bad state of repair and has been replaced with a new one. The gutters on the church were cleaned out.

All other routine duties, checks and counts were carried out. Joy Evans and Jim Ford, Churchwardens.

PCC SECRETARY’S REPORT

During the year the PCC have continued to monitor the finances of both St Peter’s Church and the St Peter’s Centre.

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

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

The PCC met together 6 times a year. The Standing Committee meets as required to deal with urgent items and this year it dealt with the administration following the resignation of the full-time administrator.

SAFEGUARDING REPORT (CHILDREN AND VULNERABLE ADULTS) Safeguarding Activity 2024

FINANCIAL COMMENTARY Malcolm Medcraft

Treasurer’s

Annual Report

The attachments are the final accounts of 2024 for St Peter’s Church Pedmore and the St Peter’s Centre Pedmore Charity.

The St Peter’s Centre Charity Account

This account is essentially a long term loan account which receives an annual contribution of £270 plus interest.

St Peter’s Church Pedmore

This account consists of a consolidation of St Peter’s Church and the St Peter’s Centre.

Page 4.

The statement of financial activities shows resources received and used for 2024 compared to 2023. The surplus of £2,545 includes a surplus of £494 for St Peter’s Centre (after adjustment for interest received).

Page 5.

The net assets on the balance sheet of £231,507 shows the increase of £2,545 from 2023 to 2024. Further explanation of the figures in the statement of financial activities and the balance sheet are contained on pages 8-15.

Page 8.

In 2024 regular voluntary income showed an encouraging increase of £2,500+. Occasional voluntary income included legacies from M Carrington, P Harris and A Sim totalling £15,105, other contributions included £2,000 from M Cumpson and a discretionary grant of £1,000 from the Anthony and Gwendoline Wylde Charity. This

resulted in an increase of £5,000+ over 2023. Events totalling £2,168 included coffee mornings, Christmas tree displays and the Christmas Fayre.

Page 9.

The commitments to Mission Giving of £7,000 was met in full. The Parish (Ministry) Share payment of £47,000 left a shortfall of £8,500 of the total required. This shortfall is noted at the bottom of page 9.

There was a decrease in the Church and Centre running costs due to lower energy prices and the fan heaters installed in the Church helped to lower the heating costs. The main item of expenditure on repairs was the Church yard wall costing £9,829. Other items of repair included replacement lights, repairs to the clock and Church alarm and the removal of three trees.

The increase in office repairs was caused by a replacement printer costing £960 and a replacement computer costing £516.

Page 10.

There were no capital additions in 2024.

Page 11. Debtors and Prepayments are as follows: Tax refund Gift aid (final Quarter of 2024) £2,841 Insurance prepayment £2,881 Outstanding room hire (paid 2025) £ 443 Receipt of grant for St Peter’s Centre Carpet £1,000 Sundry prepayments £ 289 £7,454

Liabilities

Pedmore Charity £ 270 Utilities (accrued gas, electricity and water) £2,556 Parish Share £5,000 Ramp Licence £ 450 Grant for carpet received in advance £1,000 Sundry accruals including Bank charges, clergy expenses and collection for BCFB £ 216 £9,492

Page 12

St Peter’s Charity Loan Account

Page 13.

The Unrestricted Funds of £64,965 are made up as follows: CBF Deposit Account £44,111 Church Deposit Account £26,108 Church Current Account £ 4,884 Church Centre Current Account £11,604

Petty Cash £ 150 Flower Guild £ 88 Debtors £ 7,454 £94,399 Less Restricted funds £( 9,561) Less Liabilities £( 9,222) Plus Net fixed assets £ 5986 £81,602

This £81,602 meets our requirement of having sufficient distributable funds to cover 6 moths running costs.

Pages 14 and 15.

Notes 12 and 13 Show the movement of funds and the transfer of the Mission fund to General fund.

2025

Mission Giving

The PCC resolved that legacies should not be included in the formula for calculating the total for Mission Giving. Applying the revised formula our commitment to Mission Giving for 2025 will be £6,000

Ministry Share.

The allocation of the Ministry share for this benefice is based on the income survey done in 2015 and 2018. These surveys resulted in an allocation of 80% to St Peter’s and 20% to St Andrew’s. Therefore the Ministry share required from St Peter’s for 2025 would be 80% of £71,199 being £56,960. St Andrew’s are likely to pay £15,000 (including their low income grant) leaving a balance of £56,199.

If we are to meet this demand we will need to increase our income and look for additional cost savings.

GREATER DUDLEY DEANERY SYNOD

The parish is part of the Greater Dudley Deanery. There were two meeting during the year – which considered in March ministry in all its varieties and forms and in October doing ordinary church well

PARTNERS IN MISSION Joan Coleman

The Mission Partners which St Peter’s support are:- Tearfund, CMS (Anna Sims, Ian and Sue Jennings), Church Army, The Leprosy Mission, The Children’s Society, Black Country Food Bank and Life Debt. We had a visit from both our CMS Partners this year: Anna Sims: Works alongside the local church to build community and share Jesus in a creative way in urban Lima.

Ian and Sue Jennings: Heading an international congregation and coming alongside people to disciple and help them into a transforming encounter with Jesus.

STAFFING COMMITTEE REPORT The only paid member of staff Mrs SA Hedworth (Church Administrator) left at the end of June 2024, up until that time she was managed by the Rector. In light of the financial situation it was decided not to replace the Church Administrator and the tasks are now carried out by various members of the church.

Parochial Church Council of St. Peter’s, Pedmore

Charity Number 1133783

Annual Report

Year Ended 31 December 2024

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:

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:

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 2024 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 2024

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 2024 to the date of this report the following served as members of the PCC:

Incumbent:

Rector: The Rev’d Canon W David Nichol

Readers:

Mr Richard Sarjeant

Wardens:

Mrs Joy Evans Mr Jim Ford

Representatives on the Deanery Synod:

Mrs Pauline Rollason Mr David Reeson Vice Chair

Elected members:

Mr Malcolm Medcraft Treasurer Mrs Mary Medcraft Electoral Roll Officer Mr David Reeson, Mrs Joan Coleman Mr Peter Coleman Mrs Anne Vincent Mr Steven Evans (died 2024) Mrs Gayle Breakwell Mrs Charlotte Neal Mrs Pauline Rollason

Annual Report for the Year Ended 31 December 2024

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.

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. (Now in abeyance).

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 2024

Page 3

Parochial Church Council of St. Peter’s, Pedmore

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

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 2024		 Unrestricted
Funds
£
58,043
21,569
2,168
1,242
21,016
190
104,228
190
7,000
47,000
4,611
2,350
14,779
11,662
87,592
16,636
16,636
64,965		 Restricted
Funds
£
250
1,293
1,543
15,634
15,634
(14,091)
(14,091)
163,997		 Endowmen
t
Funds
£		 TOTAL
FUNDS
2024
£
58,043
21,819
2,168
2,535
21,016
190
105,771
190
7,000
47,000
4,611
2,350
30,413
11,662
103,226
0
2,545
2,545
228,962		 2023
£
55,496
16,438
1,248
2,398
25,639
20
544
101,783
544
7,000
54,000
6,132
2,339
29,861
14,513
114,389
(12,606)
284
(12,322)
241,284

Annual Report for the Year Ended 31 December 2024

Page 4

Parochial Church Council of St. Peter’s, Pedmore

231,507 228,962

TOTAL FUNDS AT 31 DECEMBER 2024 11 81,601 149,906 0

Annual Report for the Year Ended 31 December 2024

Page 5

Parochial Church Council of St. Peter’s, Pedmore

BALANCE SHEET AS AT 31 DECEMBER 2024

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
2024
2023
£
£
188,736
194,749
0
188,736
194,749
7,454
6,531
44,111
48,407
42,834
30,195
94,399
85,133
(9,492)
(8,404)
84,907
76,729
(42,136)
(42,516)
231,507
228,962
81,601
64,965
149,906
163,997
0
231,507
228,962		 TOTAL FUNDS
2024
2023
£
£
188,736
194,749
0
188,736
194,749
7,454
6,531
44,111
48,407
42,834
30,195
94,399
85,133
(9,492)
(8,404)
84,907
76,729
(42,136)
(42,516)
231,507
228,962
81,601
64,965
149,906
163,997
0
231,507
228,962
194,749
6,531
48,407
30,195
85,133
(8,404)
76,729
(42,516)
228,962
64,965
163,997
228,962

Annual Report for the Year Ended 31 December 2024

Page 6

Parochial Church Council of St. Peter’s, Pedmore

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

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. However the Charities Act 2022 enable endowment funds of £25,000 or less to be wound up.

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 2024

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 year 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, 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 2024

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)
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
£
38,914
7,412
11,717
58,043
5,260
1,204
15,105
21,569
2,16
8
2,168
1,242
9,485
11,531
21,016
0
115
75
190
104,228		 Restricted
Funds
£
0
250
250
0
1,293
0
0
0
1,543		 Endowmen
t
Funds
£
0
0
0
0
0
0
0		 TOTAL FUNDS
2024
2023
£
£
38,914
36,402
7,412
8,312
11,717
10,782
58,043
55,496
5,260
2,159
1,454
4,279
15,105
10,000
21,819
16,438
2,168
1,248
2,168
1,248
2,535
2,398
9,485
11,937
11,531
13,702
21,016
25,639
0
20
112
115
105
75
327
190
544
105,771
101,783		 TOTAL FUNDS
2024
2023
£
£
38,914
36,402
7,412
8,312
11,717
10,782
58,043
55,496
5,260
2,159
1,454
4,279
15,105
10,000
21,819
16,438
2,168
1,248
2,168
1,248
2,535
2,398
9,485
11,937
11,531
13,702
21,016
25,639
0
20
112
115
105
75
327
190
544
105,771
101,783
55,496
2,159
4,279
10,000
16,438
1,248
1,248
2,398
11,937
13,702
25,639
20
112
105
327
544
101,783

Annual Report for the Year Ended 31 December 2024

Page 9

Parochial Church Council of St. Peter’s, Pedmore

Annual Report for the Year Ended 31 December 2024

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
Christingle collection
115
Others
75
Total
190
b) Fundraising trading costs
Events Costs
Other
Total
c) Charitable activities - Mission gifts
7,000
d) Charitable activities - Parish ShareNote 1
47,000
Fees (see income above)
4,611
Courses & Activities
0
Total
4,611
f) Charitable activities - Clergy & services
Church Breakfast Expenses
Clergy Expenses
348
Family worker Salary and employment costs
Cost of Services
2,002
Youth and Sunday School
Other
Total
2,350
g) Charitable activities - church, buildings & surrounds
Church Running Expenses
10,204
Repairs
3,302
Projects Expenditure
Depreciation - Buildings
Depreciation - Furniture, Fixtures & Plant
1,273
Total
14,779
h) Charitable activities - management &
administration
Printing & Stationery
801
Office Repairs & Renewals
1,860
Remuneration Costs
7,498
Depreciation
Other
1,503
Total
11,662
i) Other resources used
TOTAL RESOURCES USED
87,592		 Restricted
Funds
£
10,894
4,740
15,634
15,634		 Endowment
Funds
£		 TOTAL FUNDS
2024
2023
£
£
112
115
105
75
327
190
544
7,000
7,000
47,000
54,000
4,611
6,132
4,611
6,132
39
348
338
2,002
1,848
14
100
2,350
2,339
10,204
13,879
14,196
9,981
4,740
4,740
1,273
1,261
30,413
29,861
801
1,180
1,860
69
7,498
11,861
1,503
1,403
11,662
14,513
103,226
114,389		 TOTAL FUNDS
2024
2023
£
£
112
115
105
75
327
190
544
7,000
7,000
47,000
54,000
4,611
6,132
4,611
6,132
39
348
338
2,002
1,848
14
100
2,350
2,339
10,204
13,879
14,196
9,981
4,740
4,740
1,273
1,261
30,413
29,861
801
1,180
1,860
69
7,498
11,861
1,503
1,403
11,662
14,513
103,226
114,389
544
7,000
54,000
6,132
6,132
39
338
1,848
14
100
2,339
13,879
9,981
4,740
1,261
29,861
1,180
69
11,861
1,403
14,513
114,389

1 Parish share is paid to the Worcester Diocesan Board of Finance Ltd. For the year of 2024 there was an unpaid amount of £8,500

Annual Report for the Year Ended 31 December 2024

Page 11

Parochial Church Council of St. Peter’s, Pedmore

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

PAID EMPLOYEES

Staff Costs

AID EMPLOYEES
taff Costs
Gross Wages
Employers National Insurance
Total		 2024
£
7,498
7,498		 2023
£
11,861
11,861

Average Staff Numbers

A part-time administrator was employed until 30[th] June 2024 and a part time cleaner for all of 2024, amounting together to approximately one third full-time employee.

FIXED ASSETS3

Actual / Deemed Cost
At 1 January 2024
Additions
Disposals
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the Year
Disposals
At 31 December 2024
Net Book Value
At 31 December 2024
At 31 December 2023		 Land
£
5,000
5,000
5,000
5,000		 Buildings
£
284,426
284,426
101,936
4,740
106,676
177,750
182,490		 Equipment
£
91,983
91,983
84,724
1,273
85,997
5,986
7,259		 Total
£
381,409
381,409
186,660
6,013
192,673
188,736
194,749

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 2024

Page 12

Parochial Church Council of St. Peter’s, Pedmore

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

INVESTMENTS

TOTAL FUNDS TOTAL FUNDS
2024 2023
£ £
0
 0

ANALYSIS OF NET ASSETS BY FUND

Fixed Assets & Investments
Current Assets
Current Liabilities
Long Term Liabilities
Fund Balance		 Unrestricted
Funds
£
5,986
84,838
(9,222)
81,602		 Restricted
Funds
£
182,750
9,561
(270)
(42,136)
149,905		 Endowment
Funds
£
0		 Total
£
188,736
94,399
(9,492)
(42,136)
231,507

DEBTORS AND PREPAYMENTS

Accrued Interest
Other receivable amounts
Insurances paid for following year
Other amounts paid for following year
Tax refunds
Total		 TOTAL FUNDS
2024
2023
£
£
1,443
390
2,881
2,887
289
330
2,841
2,924
7,454
6,531		 TOTAL FUNDS
2024
2023
£
£
1,443
390
2,881
2,887
289
330
2,841
2,924
7,454
6,531
6,531

CURRENT LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR

St. Peters Centre, Pedmore Charity
Professional Fees
Repairs & Utilities
Others
Total		 TOTAL FUNDS
2024
2023
£
£
270
270
2,556
2,700
6,666
5,434
9,492
8,404		 TOTAL FUNDS
2024
2023
£
£
270
270
2,556
2,700
6,666
5,434
9,492
8,404
8,404

Annual Report for the Year Ended 31 December 2024

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
2024
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
(7,864)		 TOTAL FUNDS
2024
2023
£
£
37,136
37,516
5,000
5,000
42,136
42,516		 TOTAL FUNDS
2024
2023
£
£
37,136
37,516
5,000
5,000
42,136
42,516
42,516

Annual Report for the Year Ended 31 December 2024

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
2024
2023
£
£
44,388
28,541
0
0
0
0
37,125
36,362
0
0
0
0
0
0
89
62
0
0
0
0
0
0
0
0
0
0
81,602
64,965
0
0
1,536
1,422
344
330
377
377
513
795
6,793
6,499
1,503
1,443
116
9,777
138,723
143,354
149,905
163,997
0
0
0
0
231,507
228,962		 TOTAL FUNDS
2024
2023
£
£
44,388
28,541
0
0
0
0
37,125
36,362
0
0
0
0
0
0
89
62
0
0
0
0
0
0
0
0
0
0
81,602
64,965
0
0
1,536
1,422
344
330
377
377
513
795
6,793
6,499
1,503
1,443
116
9,777
138,723
143,354
149,905
163,997
0
0
0
0
231,507
228,962
64,965
0
1,422
330
377
795
6,499
1,443
9,777
143,354
163,997
0
0
228,962

Annual Report for the Year Ended 31 December 2024

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
£
28,541
0
0
36,362
0
0
0
62
0
0
0
0
0		 Incoming
Resources
£
91,446
12,560
223		 Outgoing
Resources
£
(68,599)
(11,797)
(196)
(7,000)		 Transfers
£
(7,000)
7,000		 Gains and
Losses
£		 Fund
Balance
Carried
Forward
£
44,388
37,125
89
0
64,965 104,229 (87,592) 0 0 81,602
1,422
330
377
795
6,499
1,443
9,777
143,354		 114
14
583
294
60
368
109		 (865)
(10,029)
(4,740)		 1,536
344
377
513
6,793
1,503
116
138,723
163,997 1,542 (15,634) 0 149,905
0
0
228,962		 0
105,771		 0
(103,226)		 0
0		 0
0
231,507

Annual Report for the Year Ended 31 December 2024

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
Church Yard Endowment
Churchyard Restricted
Sale of Shares
Total		 Amount
£
7,000
0
0
0
7,000

BANKS

Money assets were held at HSBC and at the Central Board of Finance of the Church of England.

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 £348

No other trustee received any remuneration from the Charity during the year 2024.

No other trustee received any expense payments for the year 2024

Annual Report for the Year Ended 31 December 2024

Page 17

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 2024

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

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 2024

Page 18

Parochial Church Council of St. Peter’s, Pedmore

Annual Report for the Year Ended 31 December 2024

Page 19

Parochial Church Council of St. Peter’s, Pedmore

Annual Report for the Year Ended 31 December 2024

Page 20

Parochial Church Council of St. Peter’s, Pedmore

Annual Report for the Year Ended 31 December 2024

Page 21

Parochial Church Council of St. Peter's, Pedmore P'ii-()('liit?I fliiTrLh C"niir7CTI t)f %t. l)iter'.s, Pedmore IIYDEPENDFNT EXAMINER'S REPORT Independent ExAminer's Report I re￿rt lo Ihe trusleLs oil iiiy eNuniinafion of ihe n¢counts of the P8rochial Church Council of Si Peter's PedmoTe {Tli¢ Trust) Ivhich set out on PABCS 4 to 15 prcvious for the yetsr ended 31 December 2024 RESPD]YSIBILITIES AND BASIS OF THE REPORT As the cliarily Irusi¢e5 of the Trust you are ￿S￿nsible for the preparation of the accounts in accordanc¢ with the requi￿1)Ients of the Charities Act 2011 ('the Act.) I retx)rt in ￿st￿l of niy examination of the Trust's accounts carried out under stttion 145 of the 2011 Act and in ?rrytiig oiii rny ciaininAiion I hav¢ followed Rll the applicable DIr￿tiOnS given by the Ch8rAty Commission UT -sc¢tion 145{5Xb) of tlie Act. INDEPENDEWT EXAMINER'S STATEMENT I liave conjpleted my ¢iamination. I confimi that no material matter5 have come to my attentioD in connection Iviili tlie examination giving me cause to believe that in any material respect i) The k¢counting record5 were not kept in respect of the Trust as required by section 130 of the Act" or 2) The accounts do not accord with thos¢ records: or 3) Th¢ accounts do not comply with the appIl￿ble requirements wncerning the forn] and ￿ntent of accounts set out in th¢ 'Charities (Accounts and Reports) Regulations 2008. other than any Tequirem¢nts the accounts glve a trne and fair view which is not a Matter Considered as part of an Inde[￿dent examination. I have no concerns and bav¢ come across no other matters in connection with the emmirjation to which attelrti should be draivn in this rewrt in order to enable a proper understanding of the accA)unts to be reached 13 J ) (ZÉ*cSTth ILO fUJfLI D OÉ G olJ Dnual Report for the Year Ended 31 December 2024 Page 16