Annual Report and Financial Statements of Tettenhall Wood PCC Charlty number 1133853 For the year end 31st Decèmber 2020
PCC olT•thnhll Wood PIn&nei Ststsrn•nts futh•YwEnd•Y 31•t DK•mbw20 8tstymMtotPlnanciiikifviii•s Toi•l Funth X20 Totsl FundB2019 lu Funthl Fd IM¢Jffling R•wJr Inc¢lM•wd •ndowm•ntsfvom'. V¢•Jnt•ry Inrum 1t.516 110.879 gD.973 AlIllI10r FthiJi tO.465 1,223 310 11.154 29,734 4.213 Tot41 128.748 1.3SJ 128.409 1)¢.e R•our¢H Exp•nd•d Èxp•ndltur• on.. Fund• 2JJ ChuTthAl¥1kn• 123293 179 128.4JJ 9.624 Tot•1 123.527 125.666 138,352 bf•ii In¥Mtm•M Irffjlll0s•I fjOT 2.743 4•t Incoml(Èxp•ndl¢L¥I 3220 2,743 134 Triir•r 59 N•tMry4•m•m In Fund• 2.743 Total Fund•brotyhtl¢th4id 14J.740 IT9.e92 Trm FLwdB urfedf¢nY4 147.018 102.769 I,029
The PCC of fettenhall Wood Flnancial Statwnents for th•YwEndod 31$1 DernbEr 2020 Bolan¢e Sheet Total 202 Total 2019 Flx•d Afjts Inv•&tmènlAs¥t• 71bl Totsl Pl¥•d A•••i• Current A#set Curr•nl 4iy11irnl D•btora and Ilbl 13.2e9 171.303 ¢•h it ty•nk In hth tW026 Tpt41 AA•i 184.592 180.026 Curr•nt LlabllFtIM. du• 1 ymr Cr•JrI1nd De•4•D Sh•M D¢$#n Lo•n ¢rr•Tht Li•k41M•• 1.823 N•t CuvMhtAH•thliU•blhl 181789 180,028 Llabllld•B dLt• •ft•r on• y•ar ¢Mdltori bl O•lerTed Ph SP• Oth•n Loan T•til L11 •tsroMy••r Totsi N•iAH•tsllU•bllWI t82.769 180.026 Tolal 2020 Total 2019 Fund$ ol th• PCC Unr•incied Fwidi 147 018 143.740 O•BVt•d Futhjb Ristr•d Fundi 7.256 28.495 29.f1 E¢Mrne Fu8 TOW FLal 181769 1&),026 AFvroved tythe pl0[¢h CtyJrtl on.. .. . SbJnabJre.' ..IPCC ChpThMnl
The PCC of Tettenhall Wood Flnancial Statements for the Year Ended 31st December 2020 Accountin Policies The PCC is a public benefit entity within the meaning of FRS 102. The financial statements have been prepared under the Chariti'es Act 2011 and in accordance with the Church Accounting Regulations 2016 goveming the individual accounts of PCCS, and with the Regulations true and fair viev/' provisions. They have also been prepared in aGcordance with the Chartlies SORP {FRS 102). The financial statements have been prepared under the historical cost convention with items recognised at cost or transath.on value unless otherwise stated in the relevant notes to the se accounts..The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members. Cashfl w Ststement The Charity has taken advantage of tha 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 doubl on the ¢harily's ability to continue as a going concern Post Balance Sheet Even The ongoing worldwide outbreak of the COWD-19 virus still represents a significant event since the end of the financial year. The Charity has reviewed its cash flow forecasts and considered the impact on going concern. concluding that the going concern basis remains an appropriale basis of preparation for these financial statements given the likely cash flow impact of operations for 12 months from the datè of signing this report. Accountin Estimates and Prlor Year Errors No changes to accounting estimates have occurred in the reporting period. No material prior year errors have been identified 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 ils own use or for spending on a future project and which are therefore not included inits "free reserves" as disclosed in the trustees. annual report. Restrlcted funds comprise of elements Isee note 111 :_ a) income from trusts or endowmenls which may be expended only on those restricted objects provided in the terms of the twsl or bequest
b) donations or grants received for a spectfic object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. 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. In Planned giving, collections and donations are recognised when received or when the PCC becomes entitled to the resource and the monetary value can be measured with sufficient reliability. Tax refunds are recognised when 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 monelary value can be measured with sufficient reliabilty. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross. ènditure and Liabilities Grants and donations are accounted for when paid over. or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is a¢counled for when due. Amounts received specifically for mission are dealt with as restricted funds, All other expenditure is generally recognised when it is incurred and is accounted for gross. A Liability is measured on OgnItIon al its historical cost and then subsequently measured at the best estimate of the amounl requir8d lo settle the obligatin at the reporting date. Governance and Su ort Costs Support costs should be allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the PCC and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity Cost categories on a basis consistent with the LSse of resources eg by allocating staff Gosts by time spent and other costs by their usage. Fixed Assets Consecrated and benefice property is not included from the accounts by s.10{2){a)&{C) of the Charities Act 2011. Moveable church fumishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable propety. listed in the Church's inventory, which can be inspected (at any aSOnable time). For anything acquired prior to 2000 there is insufficient cost infomialion available and therefore such assels a not valued in the financial statements.
Tho PCC ofT•ttgnhall WWJ Financ1 Statements for the YrEnded 31StDtycgrnbef 2020 j z INGOME AND ENDOWMENTS 01.3 1.441 1240 12 1.4n 30.IV2 L•wf•L¥*d 10•.5 IWJ 1.225 1.95J 11 Jy a7J4 1751 1751 42Y3 1)$3 lJÈ,U6
The PCC of Tettenhall Wood Financial Stst•m•nts tor the Yr Endod 31st 09comr 2020 7ot•l Fundj Total Funds 241$ I I EXPENDITURE 17 Co 97 97 17 ol 3,41S 233 3,415 charftaW•A¢J¥• Ch¢ff¢h Aclvlt•• l• Missn &yiry and 1,343 7.737 • Dkx•Mn Part5h Shwg 7e.es8 73.k1• 10 S•rftsnd WA 11.039 8.942 31 Clerw and Slal Exp•ro Chwch Expw8 f.xo 2.658 22 ChLfth Expenae& Ewkn) 281 602 21 Churth rA4 14 821 22.157 24 Church Ublty 10.234 7.995 Ys eoil olTr•Jir 185 C•pM•lExp•ndllUm 21 Major ft1 totrA ¢rth J.209 2,686 20 R•pan Crth H 29 8uikJino Wcik 123,393 17¥ 1.960 12S,433 99 0r Otr 6.716 2,6 9,624 Tol•l Expvnditur 123.527 179 125,$66 136,351
Tho PCC ofT•tt•Thh•ll Wood Flnanclal Slatgffl•ntsfor th• Y•ar End 31st DIc•mr 2020 4 PJkncallon4lSupportC¢ £11 L Ibl R•lil•d • olTi•n•f•rb•hi•thl Fund Tlbl Flx•d NrAI• • Cwr•ntJ•• 2010 147t PrEp4yM•nts T8x re¢o¥era 11.9B4 Ilcl Cuh4tBank•nd kn h•nd-202• 1019 4¢ 149 J.424 JO.01S 22320 CCLAAccThrt 15.855 27 16$ .019 l1h5¢¢LI 16.258 16JSY 15.468 32ei 218 Cinr 225 fJA$62 171.3OJ
Thè PCC ofTott•nhl Wood Flnantl*l Statsrn•nts forth•Y•ar Endod 3101 Dec•mb8r2020 i•roW J.015 .ois 52.477 J42tsJ
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13.37 Jr 41517 13.408 1&653 Inlin((D•corw8¢h• 71• ¢h1n¥ 110.1•6 110MZY • LthblllW• 2mOTo rrndl ¢rndllarn AccNw& p•r•ff•dkn¢<• 1.823 lJlJ Tcl Fty•¢ A•14 CLvr•nlAM• eurrem LbllM 14ll8I0 7.251 1817 F1 h¥451m•niAt¢41 CLvrnnl IAY.7 7216 C61 7326 IA026
Th• PCG of T•tt•nhll Vlood Flthnclal Stat•m•nt• foithe Yoar Endgd 3181 0•Mr 2020 tl Summ4ryolFufftd Ilth•rthynts-2o Ezp•nthd Ji#DKt 12$746 j12352f) Fw4 120 310 7.2 R•ththd Funth 1$5 15681 l.JS31 41 87 471 29.C*1 140,0 IN410 1•17•1 hsh
Thp KC ofT?ttonhallW¢Jod Flnanckl Slatgm•nl• for th• Yoar Endod 318t Docembor 2020 3ummry ofFund hlMfflwN-2Q1 JliiQ•c £ 1ZS T52 1J2 1126468,, 7.5n 143.71 rMgnaMdFur R•ib1d14 F¢1 1185 iewi J.1 142201 1.104 194 87 2.IrJ Fund 1IS121 111.021 11 8¢FA¢pnwrntNv• fnd Told Fural• wU•storG•nwJng Fw 10.JSJ 10.42 136.$16 PEndN 121.¥* T•W E¥p•ndliW• IM.J$2 JJ 13se8 13 934