## **Trustee’s Annual Report SORP FRS 102** ## **Notes and Guidance** - This form is to give guidance on what to include in a Trustees Annual Report. - This is the information that we think we all know, but not everyone does. - A good Trustees Annual Report is a Mission and Communication tool which tells people everything about the Charity. - There is some standard wording which applies to all PCCs in Sections B and C which you may use. - Once you create your Trustees Annual Report most of the information can be simply updated year on year. - You may prefer to create your own Trustees Annual Report but all of these Sections need to be included in the Report. - If you do not wish to create your own Trustees Annual Report you may complete this form and attach it to a copy of your Annual Accounts and Financial Statements. |Section A
Section B
Section C
Section D
Section E
Section F
Section G|Reference and Administration Details| |---|---| ||Structure, governance and Management| ||Objectives and Activities| ||Achievements and Performances| ||Financial Review| ||Optional information| ||Trustee Declaration| 1 March 2022 ref 2021 TAR **Trustees' Annual Report for the period From** Period start date **To** Period end date Day Month Year Day Month Year **01 01 2021 31 12 2021** ## **Section A Reference and administration details** > **Charity name** Bushbury Parochial Church Council **Other names charity is known by Registered charity number (if any)** 1133845 **Charity's principal address** (eg. Address of the church or church office) The Parish Office, The St Mary’s Church Hall Bushbury Lane Wolverhampton **Postcode** WV10 8JP ## **Names of Charity Trustees – Members of the PCC who manage the charity** **Trustees Name Office (if any) Dates acted if not full year** Rev Dr Ian Poole Team Rector Chair Rev Dr Graham Smith Team Vicar 1[st] January – 30[th] September Rev Ruth Clay Curate Jacquie Mullett PCC Warden & Deanery Synod PCC Treasurer 11[th] March – 31[st] December Karen Adcock PCC Warden & Good Shepherd Warden Deanery Synod Richard Todd St Mary’s Warden Mike Hotchkiss St Mary’s Warden & Deanery Synod Chris Astley St James Warden 1[st] January – 11[th] March Jane Gardner St James Warden Emma Hill Good Shepherd Warden Paul Bird PCC Jaquie Newton PCC Pat Chadwick PCC Renee Bott PCC 11[th] March – 31[st] December Adrian McDowell PCC Nick Gardner PCC Richard Mullett PCC Richard Mullett PCC Treasurer 1[st] January – 11[th] March Kerry Holt PCC Kerry Holt Deanery Synod Peter Kelly Deanery Synod Lyn Hyde Deanery Synod 2 March 2022 ref 2021 TAR **Section B Structure, governance and management** **Description of the charity’s trusts** Type of governing document Parochial Church Council Powers Measure (1956) as amended and Church (eg. trust deed, constitution) Representation Rules that came into effect on 2 January 1957. How the charity is constituted - (eg. trust, association, company) Church Representation Rules 2 January 1957 Trustee selection methods (eg. appointed by, elected by) Elected ## **Public Benefit Statement (Mandatory information)** **Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)** The trustees of the Charity are aware of the Charity Commission’s guidance on public benefit in The Advancement of Religion for the Public Benefit and have had regard to it in their administration of the Charity. The trustees believe that, by promoting the work of the Church of England in the Ecclesiastical Parish of Bushbury it helps to promote the whole mission of the Church (pastoral, evangelistic, social and ecumenical) more effectively, within the Ecclesiastical Parish, and that in doing so it provides a benefit to the public by: - Providing facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers; and - Promoting Christian values and service by members of the Church in and to their communities, to the benefit of individuals and society as a whole. ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; Under the Pastoral Scheme operating in the Parish, Clergy, Parish Wardens and District Wardens are by virtue of post members of the PCC. Each District Church elects 3 persons to represent them at the PCC. Each District Church elects 2 Deanery Synod representatives who also serve on the PCC. Each new member is briefed on the roll and responsibilities of the PCC at the first meeting. In addition, the PCC has copies of ‘Handbook for Churchwardens and Church Councillors’ as well as copies of relevant schemes and measures. The treasurer briefs members of their responsibilities with regard to Charity Commission. - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them; - (Put your Risk Assessment Policy here) - The PCC appoints a Standing Committee to deal with issues which may arise from time to time outside of the normal meeting schedule. **3.5 Risk Management** **Financial** - The PCC are responsible for the financial health of the Parish and legally responsible for any debts or mishandling of funds. The PCC apportion the Parish Share each year across the District Churches, on advice from the Standing Committee and District Treasurers. 3 March 2022 ref 2021 TAR The PCC receive reports from the Parish Treasurer, at each PCC meeting, on each District Churches progress in meeting their obligations. Should a District Church run into difficulties the Standing Committee meet with District Treasurers, to assess if re apportionment of the share would be helpful and to review what other action might be considered. At each DCC meeting the District Treasurer presents an update on that Districts financial activity. Signatories to cheque books are always two persons, signed at the point of issue. No one person has access to Parish accounts or monies. The District treasurer is not involved in the verification of Sunday collection monies; this is done by an independent team. Gift Aid is verified by standing order to the bank or an envelope scheme. Each District Church has a Gift Aid Secretary. The PCC does not allow the District Churches to spend more than £4,000 on a single project without consent from the PCC. (PCC 10.07.08 6iii) In this way the PCC can assure itself of the financial health of the District Church and that sufficient funds are available and will not lead to the PCC becoming indebted. The District Churches produce annual accounts that are presented for scrutiny at the DCC AGM’s. The District accounts are then merged to form the PCC accounts, the official accounts of the Parish. The Parish abides by the rules as laid down by the Diocese, and as the joint accounts are over £100,000, they are independently examined. The PCC AGM appoints the Independent Examiner. **Reputation** - The PCC has responsibility for ensuring both legal and voluntary guidelines are in place. The PCC also draws up policy on a number of issues to ensure consistency of approach across the Parish and that everyone is dealt with fairly. Current PCC policies include Baptism, Wedding and Funeral policies. The PCC have agreed that the parish would accept the ministry of women priests. The PCC also have a policy covering fund raising, raffles and gambling. The policy with regard to fund raising was reviewed and amended during 2008 (PCC 16.10.08 6ii). The PCC have an agreed policy on Child Protection, and has a Parish Child Protection Officer. Each District Church adheres to the policy and has appointed a local Child Protection Officer. A full review of the policy was carried out and accepted by the PCC during 2016 (PCC 20.10.16 item 8). The PCC has adopted policies on the following: Safeguarding The Handling of DBS Disclosures The Security of Personal Information The Employment of Ex-Offenders An Equal Opportunities Policy An Appeals and Complaints Procedure (pre appointment) Compliance with the Data Protection Act & GDPR 2018 Sickness and Absence Guidelines Discipline and Appeals Procedure Grievance Procedure Harassment Policy Whistle Blowing Policy Standardised Contract of Employment & offer letter 4 March 2022 ref 2021 TAR **Statutory and Legal** - The PCC delegates its responsibilities for the maintenance, care and safety of people and buildings in the Parish to the DCC’s. Each District Church has the following measures in place; A Quinquennial report. The report details work that should be carried out in order to keep the church building in a fit condition for purpose. This report includes an electrical inspection. The DCC is responsible for working through the recommendations of the Quinquennial. Each District Church carries insurance for their Church and where appropriate the Church Hall. All the District Churches are in the Ecclesiastical Insurance Group Scheme. A Health and Safety Policy and Accident Book. Health and Safety appears as an agenda item at DCC and PCC meetings. A Fire Risk Assessment Report An Asbestos Report. Each Building has had its access reviewed with regard to the Disability Discrimination Act. The Church Yard at St. Mary’s has been closed to new burials since 1979. The local council are responsible for the care and maintenance of the Church Yard. St Mary’s DCC and Wardens cooperate fully to ensure a safe environment. **Operational** - The PCC understands operational risk management to mean action in the event of, fire, flood, failure of power supply, gas leak, or other disruption that would make the Church unusable for its public ministry. As a Team Ministry all clergy have access to other churches within the team and a list of key holders and contact numbers are available to the clergy and wardens in order to gain access to another church in an emergency. Longer term measures can then be considered as necessary. ## **Section C Objectives and activities** **Summary of the objects of the charity set out in its governing document** The PCC is committed to enabling as many people as possible to worship at our churches and to become part of our parish community at Bushbury. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament 5 March 2022 ref 2021 TAR ## **Mission Statement** To know God and make him known. To stand still and grow in the awareness of the majesty and love of God that we might run and tell those who are outside in the cold, wherever that might be. ## **Other Objectives** To create a culture and atmosphere, which encourages and enables individuals to encounter the transforming love of God. To demonstrate together what it means to be faithful disciples. To grow in an understanding and practice of Christian community that we might influence and serve our surrounding community. To spread the growing kingdom awareness in our midst, by word and witness, in a way that is relevant to our local culture. To grow both in depth of maturity and numerically. To grow in our financial capacity, which will in turn contribute towards facilitating mission. ## **Contribution of Volunteers** The Parish is committed to every member ministry. This has many expressions across the Parish, and members of the Church offer their service voluntarily. You may choose to include further statements, where relevant, about: ## **Strategies** - policy on grantmaking; - policy programme related investment; - contribution made by volunteers; ## **Organisational** To establish efficient and effective team working in all areas of congregational and Parish life with time for periodic review. To cascade and marry this team working to the significant lay participation that is evident within the Parish. To improve and create systems that facilitate the administrative running of the Parish, releasing Clergy and Lay resources to envision and deliver key objectives. The Parish Administrator continues to be a great asset in helping to maintain this vision. A review of Team clergy cover was carried out in 2016 when the team decreased from three clergy to two. The PCC agreed that the Team Rector should be based at St Mary’s and the Team Vicar cover St James and the Church of the Good Shepherd. Service times to facilitate this approach were also revised (see Section D). After a period of time a review has now been carried out and the changes have been confirmed. In September 2017 a new Team Rector was appointed after an interview process. ## **Spiritual** Increase enthusiasm for and time spent in prayer and worship To use off the shelf and in-house courses to understand the call of discipleship. To spend time enjoying each other’s company first in the District Church and where appropriate across the Parish. To invite outsiders in on their terms and determine effective ‘outreach’ To continue to meet together as both Clergy and Lay, discerning our urgent priorities. 6 March 2022 ref 2021 TAR ## **Section D Achievements and performance** ## **Service’s Available for Public Worship** The table below sets out the current pattern of services across the Parish. Occasionally services are organised across the parish or with other churches from across the city. Coronavirus has at times during the year considerably affected delivery of live services. All three churches have adapted by offering on line or Zoom services and where possible to a similar pattern as for live services. Memorial services have been suspended during the year. |week|St Mary|St Mary|St Mary|St James|Good
Shepherd| |---|---|---|---|---|---| ||9.00|10.30||9.45|11.00| |1|Communion –
Common
Worship|Family Service
called The
Gathering –
All Together||Family|Teaching| |2|Communion –
Common
Worship|The Gathering
– with Sunday
Club|Memorial
As advertised
6.30|Holy
Communion|Family| |3|Communion –
Common
Worship|The Gathering
– All Together
with
Communion||Family|Celebration| |4|Communion –
Common
Worship|The Gathering
– with Sunday
Club||Family|Holy
Communion| |5|Communion –
Common
Worship|The Gathering
– All together||Family|Café Worship| 7 March 2022 ref 2021 TAR ## **Baptism Policy** The Church welcomes Children for Baptism. We understand that Church and parent(s) together have a responsibility to meet, so that through the Church’s teaching and explanation the parent(s) requesting Baptism understand the Sacrament of Baptism and the Christian commitment involved in the Baptismal responses. (PCC 10.02.2000). The importance of due preparation is thus emphasised and the need to demonstrate an active Christian faith. A service of blessing is offered to all those who do not wish to undertake such a commitment, and this option is becoming more common. This policy was reviewed in the Autumn of 2016 and was affirmed by the PCC in the spring of 2017. (PCC 2[nd] February 2017) ## **Weddings and Funeral Policies** ## **Weddings** The Church welcomes couples for marriage. The Parish offers a course of Marriage Preparation which couples are encouraged to attend. The Parish accepts the principle that there are circumstances in which a divorced person may be married in church during the lifetime of a former spouse. (PCC 25.05.2000) The Parish therefore follows the Diocesan Guidelines on the Remarriage of Divorced Couples in Church. ## **Funerals** Funerals constitute a very significant share of Clergy workload averaging around 20% of their time. They are also a vital ‘shop window’ for ourselves in Bushbury Parish. The Parish considers it a privilege to take part in this service to the community and a privilege to disperse abroad the hope we have in Christ. For every funeral undertaken where at all possible the Clergy will endeavour to see and discuss with the relatives, the funeral service. All funeral services will have three main components: A liturgical framework in keeping with the Church of England, Common Worship Pastoral Services. An accurate, meaningful and positive account of the life of the deceased. An appropriate and sensitive sharing of the Christian faith. Following the funeral, it may be appropriate and feasible for Clergy or lay persons to visit the bereaved. However, this may not always be practical and we recognise that it is not always welcomed. A service of memorial for the Parish is held regularly at St Mary’s and all those who have had a funeral service conducted by the team are invited to attend, along with those whose first anniversary it is. St Mary’s is open on one of the following Saturdays for those who wish to come for prayer and quiet reflection. The Good Shepherd holds two memorial services per year on the second Sunday of May and November. ## **Mission Activities through Community Events** Coronavirus still has had an effect on the delivery of mission and outreach activities. After relaxing the restrictions most activities have returned to normal although some did not recommence until quite late in the year 8 March 2022 ref 2021 TAR Schools work has held up during 2021 despite Coronavirus, with assemblies and talks recorded and participated in. Little Angels - A carers and Baby/Toddler Group based at St Mary’s Moms and Toddlers - A carers and Baby/Toddler group based at St James Various expressions of ‘Sunday School’ operate in each church on a Sunday. Coffee Mornings - Based at St James and the Good Shepherd, an opportunity to invite the community into an informal gathering. Good Shepherd Companions - An over 50’s club based at the Good Shepherd Cameo – a monthly craft social group at St James’s meeting on the 3rd Monday monthly. Knit and Natter – an open social craft group at St James’ meeting on other Mondays for craft, fellowship and encouragement. Oasis women’s group meeting on alternate Mondays at St Marys for fellowship, activities and reflection. ## **Courses, Study Groups** Lent House Groups Discipleship Groups and home groups Alpha course as necessary Youth Alpha as necessary Confirmation classes as necessary A men’s group based around breakfast and then teaching meets approximately once a month at St Mary’s Hall and is open across the parish. St James’ has two small groups that meet regularly for food, fellowship, worship and Bible study on a monthly or bi weekly basis. St Marys now have two study groups one continues on Zoom and one has started up live. Wednesday evening prayer and bible study at the Good Shepherd open to all across the parish. ## **Worship and Prayer Events** Weekly ‘Waking the Dawn’ prayer. Each Saturday now once again live. Wednesday Lunch time prayer at the Good Shepherd St Mary’s weekly prayer on Thursdays and a new prayer and worship opportunity on Tuesday mornings open to the parish. St James Prayer meeting on a Thursday morning. 9 March 2022 ref 2021 TAR ## **One off Achievements** Lockdown Good Friday film telling the events around Christ’s entry into Jerusalem involving church members and liaison with the community. This has been well received and widely distributed. Schools’ participation through music. . ## **Section D i Achievements and performance** |**Summary of the main objectives of**
**the charity planned in the following**
**year**||St Mary's.
Working to make ourselves fit for the 21stcentury with the help of
Leading your Church into Growth.
To continue to prepare ourselves to be renewed by the spirit
Reviewing sung/musical worship
Implementation of changes to Sunday services. 9.00am now Common
Worship with Songs and communion.
The Gathering introduced. Less formal settings to services. Sunday Club
now three Sundays per month. Communion once a month at 10.30
Continuing to develop Sunday School and the Parish Youth Group
To interact more with the wider community
St James'.
To make the Sunday services more family and children friendly.
To strengthen Church 2 gather and Small Groups.
To grow in prayer
Good Shepherd
To continue to seek an increased sense of God’s presence amongst us
To lead seekers into a deeper revelation of what a Christian is really like
To further develop our sense of hospitality and welcome.| |---|---|---| 10 March 2022 ref 2021 TAR **Section E Financial review** Funds will be either entered into unrestricted, designated or restricted **Brief statement of the charity’s policy** categories in the accounts depending on the requests of the donors or **on reserves** the will of the DCCs at each church. Where there is no immediate intent to utilise the funds, they will be transferred to interest bearing savings accounts. No new endowments have been created in 2021 **Details of any funds materially in** None **deficit Further financial review details (Optional information)** The members believe primarily that the giving of the regular congregational members of each church should cover the expenditure You **may choose** to include additional incurred. information, where relevant about: ● the charity’s principal sources of It is recognised that fundraising in some circumstances can be part of funds (including any fundraising); outreach and supportive of the churches aims to encourage community ● how expenditure has supported interaction and will be considered on a case-by-case basis. the key objectives of the charity; The aim of each church is to ensure that a minimum of 10% annual ● investment policy and objectives income is spent on home and overseas mission and details of which including any ethical investment charities are supported is contained within the accounts of the individual policy adopted. churches. ## **Section F Other optional information** There have been several anonymous donations during the year although **Acknowledge any large Grants or donation in this Section.** not individually of a significant value. These have been welcome. **Acknowledging a large Grant in your TAR may be a condition of acceptance** 11 March 2022 ref 2021 TAR ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** Michael John Hotchkiss **Full name(s)** Parish Secretary **Position** (eg Secretary, Chair, etc) **Date** 10[th] March 2022 (eg. Date of the APCM) 12 March 2022 ref 2021 TAR Annual Report and Financial Statements of the Parochial Church Council of Bushbury Registèred Charity number 1133845 For the year ended 31st December 2021 Independent Examinerfs Report to the trusteeslmembers of the PCC of Bushbury Re8iStered Charity number. 1133845 l report on the accounts forthe yearended 31st December 2021 whth a￿Set out on fdlowng page nslbllltles of the T andl The charity's trustees are responsible for the preparation ol the accounts. The charitys trustees tonsiderthat an audit Is not reqUI￿d forthis year undersection 144 of the CharitiesAct 2011 Ithe (harities Artl that an independent exarnination is needed. It is rny responsibil to examine the accounts under secbon 145 of the Charit￿$ Act, to follow the prcxedures laid down Én the General threction$ 8i¥er4 bythetharity Commission lundersertion 14515llbl of the Charities Act. and • to srate vthether particular matters ha￿ c(•neto rnyattention. Basis of I ndent Examlnerfs My exarnination was carTied out in accordan￿ the General DirettfjL￿5 given bythe Charity Commission. An examination includes a wtew ofthe accounting records kept by the charity and a comparison ofthe accounts presented with those records. It also tndude5 consideration of any unusual items gr dixlosures in the account and seeking explanatitsns from the trvstees concerning any suth matters. The procedures undertaken do not provide all the ewdence that would be required in an audtt. and consequeFrtJy no opinion is given as to whether the ac£ounts present a"tnJe and fair" vrew and the report is limtted to those matters set out in the statement below. Ind¢ ndent Enminerfs statemwrt In connertion wtth my examination. no material rnatter5 ha%* tometo my attefttion which gives me ¢au5e to believe that in, any material respert: accounting records were not kept accordance wr(h sed*Jn 130ofthe ChaitiesAct or the accounts do not accord with the aCCOUrfing retords the accounts do not compty wtth the applicable requirementsconceming thefom and conterrt ofaccovnts set out in the Charities (Accounts and Reports) Regulation$ otherthan any requirementthat the accounts give a true and fair vlew wtru.th a mattw co￿￿ered as part of an independem examination. I hève come acr055 no other matters in connection with the exarninatiL￿ to which attemion should be drawn In orderto enable a proper understandin8 of the xcountsto be reathed. Jonathan Hill FCMACGMA tichfield Dtrxesan Board of Finance St Mary's House. The CJ¢)5e. tichfield IILS13 7LD The PCC of Bushbury Toial Funds 2021 Total Funds 2020 Funds Fund5 Fur¥ls Incorning Re50UfEa5 111.412 9.915 12t.327 137.747 Aclivities for GenE(atw FurM15 IntA)mÈ from InvestMts 13.010 13.102 Churth A¢bvrfEs 2d 14 5.091 170 6,426 Other 1.148 Total 138.746 lo.(￿5 153.924 158.423 R88ourc88 Exp8nd8d Expends￿r• on: Rai5irvJ Funds 117 117 179 Church Activffjes 120.YJ7 7251 9.4x1 137,187 127277 Oth8r 120.624 7251 137.3(Nl 1Z7.456 Net IncomellExp8nd6tw•l boloro invo81￿eTrt 18.1ZJ 12.1S91 16.620 30,￿7 71bh& gain1lbsses1￿ 1rkveSt￿ Not ￿￿0M01(Expth1￿UrnI 18.1YJ 12.158 16.620 30,967 78.617 11.7TT 6,841 14et Mo¥em8nt In Funds 4941 619 16.620 30.967 Ttstal Fund5 br￿htIoTh￿Yd 11 14S258 218.033 187.( Total Funds carrledfowd 154.876 39.791 218.033 The PCC of Bu5hbury FirMn¢ial State￿￿ for thg Year Ended 31$1 December 2021 Balance Sheet Total 2021 Total 21120 Fixed Assets TarvJible As%ls InveslmentA55pts Ylal 71bl :. 125.ti)o 125.CQO 125.IKIO 125,1100 Current Assets CutT8Dt Inve51tnetts 8.931 111.693 120.624 8.788 Cash * ba￿ and In harxj Tot* Curr¢ntAssats 1115227 Cvrrent Liabillties- due wlthln 1 year Credttors and acrn415 10.971 12.193 Dior￿San P￿sh Shwe Di0￿San Loan Total Curr•nt Llthlmles 10.971 12.193 Il•tCuwrent hJ8etsllLiabiltknl 109.653 93,033 Llabilitles due aftar on• yur Credilors Defe￿ed Parish Share Dio¢es* Loa Totsl Llabrlit•5 afteriTh yo Total Mol A8*•NUJbllkn¥l 234,653 218,033 2021 Total 2020 Funds of tho PCC Unrestrtted F￿dS Gerwdl Fwd 39.986 Designated Fur 154.876 39.791 145.258 1 32.295 RestiiGt8d Funds T47ts1 Fund& 23<653 218.033 2ozL Approved byihe Patodyal tht¥th ......... ............ NatneRAI.,IfW..I12).Lé........................ IPCC Cha#7naTh) The PCC of Bushbury Financial Statements for the Year Ended 31st December 2021 Accountin Policies The PCC is a public benefft entity within the meaning of FRS 102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCS, and wth the Regulations, "true and fair vievf provisions. They have also been prepared in accordance viith the Charities SORP (FRS 102). The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements include all transactions, assets and liabilities for which the PCC is resF)onsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gathertngs of Church metT7bers. There may be minor discrepancies in the totsls as the pence are not being shown. Cashflow Ststement The Charity has taken advantsge of the exemption in FRS102 from the requirement to produce a Cash flow statement on the grounds that the income does not exceed £500,000. Goin Concern There are no material uncertainties related to events or conditions that cast significant doubt on the charitys ability to continue as a going ¢oncem Accountin Estimates and Prior Year Errors No changes to accounting estimates have occurred in the reporting period. No material prior year errors have been Identif￿ in the reporting period. Descri tion of Funds Unrestricted funds are income funds of the PCC that are available for spending on the general purposes of the PCC. including amounts designated by the PCC for fixed assets for tts own use or for spending on a future project and which are therefore not included in its Yree reserves. as disdosed in the trustees. annual report. Restricted funds comprise of t￿r) elements -_ a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which Ihey were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fvnd. The PCC does not usually invest separately for each fund. Where there is no separate investment. interest is apportioned to individual funds on an average balance basis. Endowment funds are restricted ftjnds that must be retained as trust capital eith8r pemianently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefrt derrved from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts. Income Planned giving. collections and donations are recconised when received or when the PCC becomes entitled to the resour￿ and the monetary value can be measured with sufficient reliability. Tax refunds are recognised vthen the incoming resource to which they relate is received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due and the monetary value can be measured with sufficient reliability. Drvidends are accounted for when receivable, interest is accrued. All other income is recognised when it is re￿1Vable. All incoming resources are accounted for gross. enditure Grants and donations are accounted for when paid over. or when awarded, if that award C￿ateS a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt wtth as restricted funds. All other experiditure is generally recognised when it is incurred and is accounted for gross. Governance and Su ort Costs Supporl costs should be allocated between govemance costs and other support. Govemance costs comprise all costs involving public accountability of the PCC and its compliance wilh regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources eg by allocats'ng stsff costs by time spent and other costs by their usage. Fixed Assets Consecrated and benefi￿ property is not included in the accounts by s.10(2)(a}&{C) of the Charities Act 2011. Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and vrfhich require a faculty for disposal are inalienable propety, listed in the Church's inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost infomiation available and therefore such assets are not valued in the financial statements. No depreciation is provided on buildings as the cu￿entlY estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets exceeds 50 years. so that any depreciation charges would be immaterial. Other tangible fixed assets are valued at o)st. The depreciation rates and methods used are disclosed in the notes to the Accounts. Investments Investments in quoted shares, traded bonds and similar investments are valued initially at cost and subsequenuy at market value at the year end. Investments held for re-sale are treated as current asset investments. Debtors Debtors are measured on initial rec¥)gnttion at setuement amount. Subsequently they are measured at cash expected to be re￿Ived. Creditors and Accruals Creditors are measured at settlement amounts less any trade discounts. Accruals are measured on best estimate of the amount required to settle the obligation at the reporting date. The PCC of Bushbury Financial Statements for the Year Ended 31st December 2021 YO￿ FundB Funds Funds 2021 2020 . Z INCOME AND ENDOWMENTS Donatlons and Legacies Voluntarylncome PlanyEd gwing 82.gY)7 83.747 BO,797 CdJectiO￿5 at services 4.718 4.718 3,838 All o*her giving and Volufttrry rewpts i1￿udIng speaal appe815 5.049 8,910 13.958 21,886 Grt Aid Recoverabte 18.239 18.239 79,631 L8ga(xs Grants Irewring and Or￿ff) 165 665 11.595 111.412 9,915 121.327 137.747 Charltable Actt¥ities Summer Fete Chrislmas Fair other FU￿1raI￿1Wj Adwil INCOME AND ENDOWMENTS continued Funds 2021 Total Funds 2020 Fund$ Funts 10 Rent froFll LarKI or Bu1￿j￿S 13.IMKI 13.01 13.000 io Bank Inte￿$t 10 102 13.008 13,010 13.102 Income from Church A¢tivilTe5 Stalutory Fees ITetsined by PCC) 7.020 170 7.190 550 Iz Churc* F*ll 7.307 5.091 12,398 5,T85 12 Coffee MDrrrings 92 12 Bookslall Iz Parish Magaane 14327 5.lJ91 170 19.588 6.426 Other In¢ome 13 1.148 1.148 A Totsl In¢ome 1¥746 5.093 10.1185 153.924 158,423 The PCC of Bushbury Financial Statements for the Year Ended 31st December 2021 Tolal Fund5 2021 Total Funds 2020 FLmds z EXPENDITURE Roising Funds 17 Stewatdship CDSts 117 117 139 17 Costs of Fates & OthwEvetrfs IT Coffè8 k*xniry Costs 117 179 Charitable Acttvit ChurchAGtivites 18 tsSH)n Giwng ar￿ [k¥￿t￿ 9.620 12,067 Di(tes*) Parish Share T1721 72.721 72.721 Parish Shar* &Jprth- 2020 16.0601 16.0601 19,0901 AdditK)TrJ VolurtsrysfAr8 Cth￿)t Salar*s 8ThJ W*a88 5,9J4 3,069 Clorgywd Staff Ex￿$8$ 2.298 364 Clwr¢h Expenses 75 419 1,085 23 Churth Ruftnww Expews &Mrr￿) 24.341 1,441 2.1fA) 27,942 25.385 Chutth UtiItyBi115 513 9.981 8.184 t of Trad￿￿ IMaw"np. t&x*sial **) 4,870 Churth Hall RunrAry Cc*ts 73 4,299 Major Repairs tothE Chw 1,200 8.622 Major Repaffs to ch￿th H NewBu￿1￿9 Work 120.507 7.251 137.187 127.277 C Totsl Expgndltur 120.624 7251 137,304 127A56 The PCC of Bushbury Financial Statements for the Year Ended 31st December 2021 4 Allocation of Supwt Costs Supwrt costs Gomprise Trustee Training arKI c￿￿¥￿Mance Costs etc. Qmje to Ihe n*ure of the finanaal activiti.es of the PCC. Ihese ￿￿UkI be alloc2ted across CharttaL4e Ewthhre Iwiprises the rna￿ty of its expendilure and as $u¢h are automaticalty char￿d the￿. 5 (a) Staff Costs 2021 2020 W8ges & Salaries £3.069 Averagè nurnber of emFAoyees During the year Ihe PCC eMF10￿12 *lrnini8lrdtive oir￿S. 3 deanets. arKI pa￿nts We￿ large enough to attract sorAal security costs. There were no emptoyee benefft5 to key management personnd in the or currart year. Th818rgest paid pÈrson received £1.737 th¥ring the ye8r. 5 Ib) Rèlated Partias 2 Ttustees ha¥e tjeen reimbutsgJ £2.29812020 £3641 frrlwel aThJ p￿￿e $4￿Se5 during the year. No otherexpenses ￿re paid to any othw PCC [￿. persons dosety Lx)nneded to or related parties. Donati￿$ from reJate(I ￿rIleS IPCC members) tolaw £5.954 12020 £5,7361 5 Ic) Fees for the examlnation of the accounts 2021 2020 Independent E¥2minets fees £150 £150 Anatysis of Transfer between Fund$- 2021 Designated T¢)tsl Contingertcy fund from G8n*dl Fund Chanty Fund from General Fund Churchyard from General Fund 12,0001 15.0901 ven Heath Legw ITOM Genernl Fund Coven Healh Fur￿1 (J&￿$1￿Cted 12.0001 General Fund to Rooffvnd Donation F2 to General Fund G8ner81 Fund to Hall Fund 12,6871 1687 Hall Asset Fund- ni)w designated Ghurch mainteTran￿ from General FurKI 11.4881 Charftsble glvfjng from Gen￿al fund ISM) Missionl(knth to General furKI ISM) 15.3811 5.381 291 118.6171 11.777 6.841 6 Analysis of Transfer between Fund5 - 2020 Building fund tr> General fiJrKI IGSI Charity Fufvj from Generdl FuThJ Churchyard from GenerJ Fund Coven H8ath L8g8cy to General Fur*Y Coven Heath Fund dfrrestricted G8n8ro1 Fund to RcDffvnd Donabon F2 to General Fund General Fund to Hall Fund Hall Asset Fund- nowdesignat8d Church Maintenance to Generdl Furyl Charitable gi*ing from General lund ISM) MissionlOutTeach from ￿￿eTaI fund ISM) Total 1.400 11.2461 2.702 750 12.0001 5.079 15.0191 5.79T 15.7971 3.370 12.5551 1125.0001 18 4.9431 103 1134,8561 13,370 2,555 125.(M)O 128.557 The H811 was inconBctycl8ssnF2din eatheryewsby stJaffi￿ anLI nowbe r8Ctifi8d. 7 la) Tangible Fixed All de￿nated Church E4uiwl￿rt ¢hur¢h Total Cost or Valuatlon Asat 1stJan 125.000 125.000 Value at 31st Dee 12&01)0 12S,000 Th8 FTrehold building is the Ghurch Hall at st IAarys. andis shovm 8t wst (£125,LKXJ) and no depreC￿tion ispmwded. as the Tnjstees b91*ve Ih8t Ihe mthet value is in excess of the cost. 7 {b) Fixed Asset Investments 8 Curfent Assets 8 {a) Currenl Asset Investments None 8 Ib) Debtors 2021 2020 Allun￿StrIeIed Church Loan Acojunt other debtors~ Un￿tr￿ted 6.905 6,788 Other debtors. res11￿ted 8.931 8,788 8 Icl Cash at Bank and in hand- 2021 Designated 2021 Total 2020 Bank Currerrt Account Cino PCC alcl Bank D8POSit A(xxJunt 35.246 21.869 23.518 80,633 70.618 8.(MJ7 8,007 6,107 CBF Deposit Accojnt 3.431 18,110 21,541 18.110 Pety Cash Intwiot DecoRting Scheme 117 117 209 1,395 1,395 1.395 29￿76 43.023 111,693 96,439 Cash at Bank and in hand - 2020 Unrostrictgd Designated 2020 Total 2019 Bank Current Account lexc. PCC alc} Bank DepositAc(xxJnt 30.401 16,651 19.361 66.414 37.489 2,101 4,005 6.106 8.983 CBF Deposil Account Pety Cash Interior De￿rating Scherne 18.110 18.110 18,636 209 209 107 1.395 1.395 1.395 32,712 20.656 3B.866 92.234 66,010 9 Liabllltles 2021 2020 All unrestii6Yed 9 (a) Amounts falling due in oneyear Accounts Payab 7.740 Diocesan Parish Shate DI0￿$an Loan Other Crwjitors (rèstri(￿) 3.232 2.240 10,971 12,193 9 (bl Amounts falllng due afterone year D￿e$an Loan DefetTed Parish Share 10 Summary of Assets by Fund- 2021 Fund5 Funds Funds Ta*al Frxed Assets 125.000 125.000 Investment A&8ets Current Assets Currenl Lrdbilrfies 47.725 17.74101 39,986 29.876 43.023 13.2?21 39.791 120.624 110 9711 234,653 154,876 Summary of Assets by Fund - 2020 Fund5 Fund5 Funds Total Fixed Assets 125.(N)O 125,0(X) Irhvestrnent Assets Current Assets 52.673 112 1921 40A80 20.258 32.295 105.226 112,1931 218.033 CU￿nI ￿abillbeS 145.258 32.295 11 Summary of Fund Movements - 2021 e50urc•s 1st Jan Transfers at 31st As per 2020 accounts PCC balances Unfystricted Fund 39.344 1.136 40,480 138.746 1120.6241 118,6171 38,850 1.136 39.986 138.74fj 1120,6241 118,6171 Deslgnated FurKIs Building Charity Fun 2.953 2260 319 12771 11.5801 5.114 5.770 319 2,000 5.019 S,090 Contingen Cov8n H8ath Donats"ons F2 Donati(￿$ F3 Specific donat Kids cjub Hall Hall Asset CHL Mission 2,000 5.019 2.950 291 2,950 291 15.34DI 2,687 125.¢JOO 4.005 2.461 145.258 125.000 6.007 2,407 154.877 1541 17,2511 5.093 11,777 Restricted Funds Coven Heath Building Decorati Chancel Charttable GM Church maintenan Churchyar Donations F4 Litlt8 angels MisSV)n Parish swal 2.2￿j 1.394 10.042 3,060 1.3g4 10.042 15.3821 13.4011 5,382 1.488 11,5031 731 3284 25 11321 664 832 39 5,547 11681 39 5,750 1291 Steyrdrd War Graves W Jones As per 2020 accounts PCC- Agency 18.078 153 18.078 107 165 12121 32.135 160 32.295 10,085 19,4301 6.841 39.631 160 39,791 10.085 19,4301 fj.841 Total Funds 218.033 153,924 1137,3041 234,653 Summary of Fund Movements- 2020 (before PCC Bank P*count) R•serves at 1st Jan Incoming Résour¢e$ Expendtd GainslLos￿s Trnnsfer5 at 31st Unrestrict•d Fund 1411.991 135.744 1102,S341 1134,8S61 39,344 Designated Funds Bulding Charity fvnd Coffee 3,832 367 11,2461 2,702 2.953 14421 1241 2,260 319 254 Coven Heath 5,019 5,019 Donations F2 3.370 13.3701 Donati1￿5 F3 2.800 12.8001 Sp8dfic donations Krds dub 1,910 291 1.040 2,950 291 Hall 18161 15.1881 2,555 Hall Assèt 125.000 125,000 CHL 12,000,, 103} 128,557 4,005 MIS￿on 3.267 17031 19,1571 2.461 18.109 7.749 145.258 Restricted Funds Coven Healh 5.019 15,01gi Building Decorabon 1.485 11541 2,200 1,394 1.394 Chancel 1,436 11.430 12.8241 10,042 Charitable Gmng Churth mwntenarte 14.94j: 4,943 313 140 11.5031 731 Churchyard Donations F4 750 1.000 Little angels Mission 39 39 141 1421 15.7971 Parish soc581 43 Roof 5.797 Stewald 18.078 31 18,109 War Graves 153 165 11981 120 W Jc**s 27.966 14635 115.7651 32,135 T¢Jtal Funds 187,066 157.128 1127,4561 216,738 12 SOFA Comparatives pfyvious year) Igna Funds owm Funds Funds Funds Funds In¢ome and Endowm8nts Donat￿5 and Lègaoes ActiMt1è5 for Generatsng Funds In¢otNe from Investments Churth Ath"wlies Other Totsl Income 117.956 13.547 136.452 13.OS3 13,101 6.426 1.148 57. 2.8CKI 40 1.148 Eynditure Raising FLtnd5 Church Actiwties Olher Total Exp•ndlture 139 t02.395 40 15.726 179 127.277 9,156 5.766 Not Ine4Jrnel{expendlturel ,210 11,407 12,131 ,672 N8t gainl{kJssesl on investme Nèt Incomej{Expw)dl￿I*l 33.210 071 12.1311 Transfer be1m￿n Funds 1134.8561 128.557 6.299 Nèt Movomont in Funts 1101,6461 41 29.672 Independent Examiner's Report to the trusteeslmembers of the PCC of Bushbury Registered Charity number: 1133845 I report on the ￿rount$ for the year ended 31st December 2021 whlth are sèt out on the followng pages. Re ectlve res onsibilitles of the Trustees and Inde ndent Examiner The charity's trustees are responsible for the preparation of the accounts. The charity's tTU5tee5 congder that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) that an independent examination is needed. 11 is My responsibility to examine the accounts under section 145 tsf the Charities Act, to follow the procedures laid down in the General Directions given bythe Charfty Commission (under section 14515llbl of the Charit*es Act, and to state ￿ether partitular matters have come to my attention. Basls of Inde enden mlnerfs Statement My examination was carried out in accordanTr with the Gener31 Direclions glven by the Charity Comrnission. An examination includes a review of the attountin8 records kept by the Charity and a comparison of the accounts presented wSth those records. It also includes consideration of any unusual items or dixlosures in the account5. and seeking explanations from thè trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be reQui￿d in an audit. and consequently no opinion 15 given as to whether the accounts present a'true and fair. view and the report is limlted to those matters set out in the statement below. Inde endent Examlnerfs sLitement In cOnneCt￿n with my Èxamination, no material rnatters have come to my attention which gives rne cause to believè that in. any material ￿spect= accounting records were not kept in accordance with section 130 of the Charitie5 Art or the accovnts do not accofd with the accounting records the accounts do not comply with the applicable requirements concemlng the form and content of accounts set out in the Charr(ies IAccounts and Reports) Regulations 2008 other than any requirement that the accounts give a tnje and fair view which is not a Matter considered as part of an independent exarnination. I have tome across no other matters in connection with the examination to which attention should be drawn in orderto enable a proper understanding of the account5 to be reached. Signed: jonathan Hill FCMA CGMA Lichfield Diocesan Board of Finance St Mary's House. The Close, lichfield WS13 7LD