Annual Report and Financial Statements of the Parochial Church Council of Blakenall Heath Christ Church
For the year ended 31[st] December 2022 Charity registration number: 1135579
The Parochial Church Council of Blakenall Heath Christ Church Trustees’ Annual Report for the year ended 31[st] December 2022 Charity registration number: 1135579
Objectives and Activities
The Parochial Church Council of Blakenall Heath Christ Church (the PCC) has the responsibility of cooperating with the incumbent, the Reverend Sarah Minster, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelical, social, and ecumenical. The PCC is also spiritually responsible for the maintenance of the church.
The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at Blakenall Heath Christ Church. 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, scripture, music, and sacrament. Also, through non-sacramental activities of hospitality and fellowship we aim to reach non churched members of the community.
Public Benefit
The trustees of the PCC 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 Blakenall Heath Christ Church 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:
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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
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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.
Achievements and Performance
The PCC is committed to enabling as many people as possible to worship at our churches and to become part of our parish communities at Christ Church and St. Chad’s. 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.
Our churches are proud to work with local communities, both welcoming them into the church and meeting them where they are. We have strong links within our communities which place the churches at the heart of our local areas.
There is regular lay pastoral support in place including home visits and one to one (in person) conversations at St. Chad’s during a particularly difficult time, this includes members of the congregation, and also those who are in spiritual and emotional need in our community.
We will continue to support and be with all those in our communities who are searching for Jesus in their lives. We will develop worship and prayer to meet the needs of those whom we serve.
Financial Review
Our principal source of funding is the giving from members of the churches and gift aid reclaimed from this giving. Expenditure supports the worship and maintenance of the church and parish share.
Reserves Policy
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It is PCC policy to try to maintain a balance on free reserves (net current assets) which equates to at least three months unrestricted payments. This is equivalent to £XXXX (2021: £7,609). It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves at the year-end was £XXXX (2021: £94,030). The investment is a source of generating income and would only be used in emergencies. Therefore, if this was not used, the free reserves based on net current assets, would be £XXXX (2021: £15,884), which the trustees feel in the current uncertain economic climate is reasonable. I am not sure about this as these figures relate to CC
Investment Policy
The charity is granted power to invest in suitable investments under the PCC Powers Measure 1956 and the Trustees Act 2000. As a charity, the Trustees have a duty of care to take such advice as is appropriate before investments are undertaken. This advice is sought from the Central Board of Finance (CCLA) in London.
The charity’s investment policies are based on two key principles: -
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Ethical Investment – this includes ensuring that investments are held in companies which have high standards of corporate governance and act in a responsible way towards stakeholders.
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Long-term responsibilities – the trustees are aware of their long-term responsibilities in respect of the Restricted and Unrestricted reserves and as a result follow a prudent approach to investment decisions.
Investment policy for long-term funds is aimed primarily at generating a sustainable income, with due regard to the need for the preservation of capital value, and the possible need to realise investments to meet operational needs. The charity does not have a policy of generating income at excessive or high risk – known as “purchasing income”, where high returns are guaranteed at the expense of capital.
In summary, the charity has an overall policy to maximise income while preserving the real value of its funds. Due to the nature of the charity, an ethical investment policy is taken into consideration when investments are made:
The charity follows the Ethical Investment Advisory policy as recommended by the Lichfield Diocese which includes the following:
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“We aim to invest in companies that:
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Will develop their business in the interests of shareholders;
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demonstrate responsible employment practices;
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are conscientious concerning issues of corporate governance,
the environment and human rights;
- are sensitive to the community in which they operate.”
Planned giving, collections and donations are the main sources of fund raising along with tax recoverable.
Safeguarding
The PCC believe they have fulfilled their 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).
Reporting Serious Incidents
A Serious Incident is an adverse event, whether actual or alleged, which results in or risks significant harm to the charity’s beneficiaries, employees, office holders, volunteers or to others who come into contact with the charity through its work, loss of the charity’s money or assets, damage to the charity’s property or harm to the charity’s work or reputation.
There have been no Serious Incidents in the last year
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Review of the Year
Risk Management
The Church Wardens carry out regular Health and Safety Reviews and regularly inspect premises for potential hazards. We have safeguarding policies in place for child protection and for work with vulnerable adults, including rigorous DBS checking of staff and volunteers. Our insurances are reviewed annually to ensure adequate cover. An informal review of any new risks which may impact the work of the Church in the Parish is ongoing.
Structure, Governance and Management
The PCC is a Body Corporate established by the Church of England and is a Charity registered with the Charity Commission. The PCC is governed by the Parochial Church Council Powers Measure (1956) as amended that came into effect on 2[nd] January 1957, and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended).
The method of appointment of the PCC members is set out in the Church Representation Rules. The Council comprises the Incumbent, the Churchwardens, a representative of the Readers, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting, by those on the Electoral Roll. The PCC members receive training from courses run by the Diocese. Members of the congregation are always urged to join the Electoral Roll, and to stand for election to the PCC.
The PCC members are responsible for making decisions on all matters of general concern and importance in the parish, and for all financial matters. The PCC meet 4 times a year.
Reference and Administrative details
The parish is made up of two churches – Christ Church Blakenall Heath and St Chads, Beechdale. Christ Church is situated in Blakenall Heath, Walsall WS3 1HT while St Chads is in Edison Road, Walsall WS2 7HT, and both are part of the Deanery of Walsall, in the Diocese of Lichfield. The email address is walsall@theminster.org and phone number is 07478 217915. Registered charity number 1135579. Our website address is: http://christchurchblakenallheath.co.uk
PCC members who have served from 1[st] January 2022 until the date this report was approved were :
| Ex Officio Members | |
|---|---|
| Interim Minister | Rev’d Sarah Minster (until 9thJuly 2022) |
| Joint Mission Team Leader | Mr Ian Minster (Chair) (until 9thJuly 2022) |
| Readers | Mrs Ann Killian |
| Mrs Sue Thompson (and Deanery Synod Rep) | |
| Mr Rob Thompson | |
| Churchwardens | Mrs Sheila Beeson (Christ Church Warden) |
| Mrs Johanne Harrison (St Chad’s Warden and Deanery Synod Rep) | |
| Miss Mandy Keay(Parish Warden, Deanery Synod Rep & St Chad’s Treasurer) | |
| Mr Robert Langston (St. Chad’s Warden) | |
| Deanery Synod Reps | Ms Jane Harrison |
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Ms Sue McDonald (Christ Church Secretary and Deanery Synod Rep)
Elected Members
Andy Joan (PCC Secretary) Miss Joy Killian (in training for the priesthood St Chad’s) Mr Rob Langston Ms Kath Parr Mrs Sue Stone Mrs Ellen Beard Mrs Dot Doody Mr Vic Bate Mrs Pauline Bate
Names and addresses of advisers
Bank HSBC 127 High St Bloxwich WS3 3LF Investment CCLA Managers 1 Angel Lane, London EC4R 3AB Independent Jonathan Hill Examiner Lichfield Diocesan Board of Finance St Mary’s House, The Close, Lichfield WS13 7LD
Approved by the PCC on …………………………. 2023 and signed on its behalf by:
………………………………. ………………………………. Mandy Keay (PCC Warden) Sheila Beeson (Christ Church Warden)
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Independent Examiner’s report to the trustees/members of The PCC of Blakenall Heath Christ Church
Registered charity number: 1135579
I report on the accounts for the year ended 31[st] December 2022 which are set out on the following pages.
Respective responsibilities of the Trustees and Independent Examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility
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to examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair” view and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect:
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accounting records were not kept in accordance with section 130 of the Charities Act or
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the accounts do not accord with the with the accounting records
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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 requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: ………………………………………….. Date: ………………………………… Jonathan Hill FCMA CGMA Lichfield Diocesan Board of Finance St Mary’s House, The Close, Lichfield. WS13 7LD
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The Parochial Church Council of Blakenall Heath Christ Church Financial Statements for the Year Ended 31[st] December 2022
Accounting Policies
The PCC is a public benefit 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 with the Regulations' "true and fair view" provisions. They have also been prepared in accordance with 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 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.
There may be minor discrepancies in the totals as the pence are not being shown.
Cashflow Statement
The Charity has taken advantage 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.
Going Concern
Although, the PCC has positive free reserves, it should be noted that St Chad’s has received a substantial Special Assessment on its Parish Share for 2021, taking the assessed Share from £9,410 to £5,000. And the 2022 assessed Share has remained at £5,000 for the year. This has enabled the PCC to continue as a going concern.
Accounting Estimates and Prior 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.
Description 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 its own use or for spending on a future project and which are therefore not included in its "free reserves" as disclosed in the trustees' annual report.
Restricted funds comprise of two 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 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.
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Accounting Policies continued
Income
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 monetary value can be measured with sufficient reliability. 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.
Expenditure
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 accounted 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.
Governance and Support 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 use of resources eg by allocating staff costs by time spent and other costs by their usage.
Fixed Assets
Consecrated and benefice 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 which require a faculty for disposal are inalienable property, listed in the Church’s inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements.
No depreciation is provided on buildings as the currently 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.
The PCC own a church hall that is looked after by Christ Church church. It is not included within the accounts. It was valued for insurance purposes at 31[st] December 2022 at £2.96m.
Investments
Investments in quoted shares, traded bonds and similar investments are valued initially at cost and subsequently at market value at the year end. Investments held for re-sale are treated as current asset investments.
Debtors
Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash expected to be received.
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.
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Blakenall Heath Christ Church PCC Year ended 31st December 2022
Statement of Financial Activities
Unrestricted Designated Restricted Endowment Total Prior year funds funds funds funds funds total funds
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Bl akenall Heath Christ Church PCC Year ended 31st December 2022
Balance sheet
Total funds Prior year funds
Approved by the Parochial Church Council on ………………..….…….. 2023 and signed on its behalf by:
Signature: ……………………………………… Name: ……Mandy Keay, PCC Warden……... The notes on the following pages form part of these accounts
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Blakenall Heath Christ Church PCC Year ended 31st December 2022
Analysis of Funds - 2022
Analysis of funds - 2021
| Analysis of funds - 2021 | |
|---|---|
| General Designated Restricted Endowment This year Last year |
|
| Fixed assets - Investments CCLA Investment Fund - PCC - Totals Current assets - Cash at bank and in hand Bank current account - St Chad - Bank current account – Christ Church - Bank current account - Team - Sequestration Account - Team - Christ Church HSBC Money Master - CBF deposit account – Christ Church - CBF deposit account - PCC - Christ Church HSBC Charity - Christ Church Tower Building HSBC Current - Christ Church Tower Building HSBC Money - Interior Decorating Scheme - Totals Liabilities - Agency accounts Agency collections - Totals Liabilities - Creditors: Amounts falling due in one year Parish Share Arrears (2015) Parish Share Arrears (2016) Parish Share Arrears (2017) Parish Share Arrears (2018) Parish Share Arrears (2019) Parish Share Arrears (2020) Parish Share Arrears (2021) Totals Grand total |
78,146 — — — 78,146 68,366 |
| 78,146 — — — 78,146 68,366 688 — 400 — 1,088 1,525 6,594 — 973 — 7,567 16,815 — — — — 5,678 — — — — — 3,133 8,413 — 11,853 — 20,266 20,263 7,730 — — — 7,730 7,726 21,002 — — — 21,002 23,880 445 — — — 445 409 — — 65 — 65 65 — — 21,182 — 21,182 21,180 — — 2,251 — 2,251 2,188 |
|
| 44,873 — 36,723 — 81,596 102,862 — — 4,070 — 4,070 — |
|
| — — 4,070 — 4,070 — 1,096 — — — 1,096 1,096 3,907 — — — 3,907 3,907 3,150 — — — 3,150 3,150 6,537 — — — 6,537 6,537 4,966 — — — 4,966 4,966 4,749 — — — 4,749 13,197 4,584 — — — 4,584 — |
|
| 28,989 — — — 28,989 32,853 |
|
| 94,030 — 32,653 — 126,682 138,375 |
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Blakenall Heath Christ Church PCC Year ended 31st December 2022
Fund movement by type - 2022
Fund movement by type - 2021
| Fund movement by type - 2021 | |
|---|---|
| Opening Incoming Outgoing Transfers Gains/losses Closing |
|
| Bell Ringer - Bell Ringers Restricted Sub-total for Bell Ringer Choir - Choir Restricted Restricted Sub-total for Choir Drop In - Drop In Centre Restricted Sub-total for Drop In General - General Fund Unrestricted Sub-total for General IDS - Interior Decorating Restricted Sub-total for IDS Needy - Needy In Parish Restricted Sub-total for Needy Sequestration - Sequestration Restricted Restricted Sub-total for Sequestration Sunday School - Sunday School Restricted Sub-total for Sunday School Tower - Tower Restoration Fu Restricted Sub-total for Tower Wed Dep - Wedding Deposits Restricted Sub-total for WedDep Grand total |
1,748 — — — — 1,748 |
| 1,748 — — — — 1,748 372 — — — — 372 |
|
| 372 — — — — 372 6,761 — — — — 6,761 |
|
| 6,761 — — — — 6,761 98,145 16,541 30,436 — 9,780 94,030 |
|
| 98,145 16,541 30,436 — 9,780 94,030 2,188 63 — — — 2,251 |
|
| 2,188 63 — — — 2,251 75 — — — — 75 |
|
| 75 — — — — 75 3,133 — 3,133 — — — |
|
| 3,133 — 3,133 — — — 199 — — — — 199 |
|
| 199 — — — — 199 21,245 2 — — — 21,247 |
|
| 21,245 2 — — — 21,247 4,509 (4,509) — — — — |
|
| 4,509 (4,509) — — — — |
|
| 138,375 12,096 33,569 — 9,780 126,682 |
Description of Funds
Restricted Funds
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Bell Ringers - for payment of subscriptions to bell ringers associations and maintenance of Christ Church Bells
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Choir – for purchasing sheet music and music supplies at Christ Church
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Drop-In Centre – money raised by Christ Church drop in, specifically to be used for Christ Church fabric (Church and Church Hall)
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Internal Decoration Scheme – for the internal redecoration of the vicarage
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Needy In Parish – money given to be used for specific needs in the parish
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Sunday School – for purchasing of materials for use in Christ Church Sunday school
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- Tower Restoration – for the restoration and maintenance of the tower at Christ Church
Analysis of income and expenditure
Total Unrestricted Designated Restricted Endowment This year Last year
INCOME AND ENDOWMENTS
Allocation of Support Costs
Support costs comprise Trustee Training and Governance Costs etc. Due to the nature of the financial activities of the PCC, these would be allocated across Charitable Expenditure which comprises the majority of its expenditure and as such are automatically charged there.
The PCC do not employ any staff.
Trustees’ Remuneration & Expenses
1 trustee has been reimbursed £XXX (2021: £158) for travel and phone expenses incurred during the year. I don’t have access to this, I presume it is Rob Thompson from CC, lay reader
Related Parties
No other expenses were paid to any other PCC member, persons closely connected to them or related parties.
Donations from related parties (XX PCC members (2021: 12)) totaled £XXX (2021: £1,380) during the year. St Chad’s = 4 PCC members giving £1,180.00
Fees for the examination of the accounts
| 2022 £ |
2021 £ |
|
|---|---|---|
| Independent Examiner’s fees |
174 | 150 |
| Other fees (eg accountancy services) paid to the Independent Examiner |
XX | 30 |
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Analysis of Transfer between Funds
The negative income figure showing in restricted funds of £4,509 for wedding and funeral fees relates to movement of deposits in advance from the historic holding of wedding deposits restricted to the agency account.
This relates to Christ Church
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Fixed Assets
Fixed Asset Investments
| At 1st Jan £ |
Additions £ |
Disposals £ |
Transfers £ |
Change in market value £ |
At 31st Dec £ |
|
|---|---|---|---|---|---|---|
| Unrestricted funds | ||||||
| CCLA Investment Fund –LDT TN506 |
78,146 | - | - | - | (9,199) | 68,947 |
| Total | 78,146 | - | - | - | (9,199) | 68,947 |
Creditors
Amounts falling due in one year
| 2022 £ |
2021 £ |
|
|---|---|---|
| Parish Share – St Chad (2015) |
1,096 | 1,096 |
| Parish Share – St Chad (2016) |
3,907 | 3,907 |
| Parish Share – St Chad (2017) |
3,150 | 3,150 |
| Parish Share – St Chad (2018) |
6,537 | 6,537 |
| Parish Share – St Chad (2019) |
4,966 | 4,966 |
| Parish Share – St Chad (2020) |
1,874 | 1,874 |
| Parish Share – Christ Church (2020) |
- | |
| Parish Share – St Chad (2021) |
4,584 | 4,584 |
| Parish Share – Christ Church (2021) |
2,875 | 2,875 |
| Total | 28,989 | 29,989 |
The PCC benefitted from 1 month’s parish share support – £1,375 for 2021 (2020 1.5 months £2,615). ?? The total liability remains the responsibility of the PCC. The PCC allocated the amount requested between the churches based on a 55:45 split.
Christ Church cleared their 2020 share arrears of £2,875 in February 2022. I am not sure about this so can’t answer.
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St Chad’s total parish share arrears at 31/12/21 (£26,114) remain outstanding. The parish share requested for 2021 for St Chads (£9,000) was reduced by special assessment of £4,410 to a net share requested of £5,000.
Statement of Financial Activities - 2021
| Unrestricted Designated Restricted Endowment Total Prior year funds funds funds funds funds total funds |
|
|---|---|
| Income and endowments from: Donations and legacies Income from charitable activities Other trading activities Investments Total income Expenditure on: Expenditure on charitable activities Total expenditure Net income / (expenditure) resources before transfer Transfers Gross transfers between funds - in Gross transfers between funds - out Other recognised gains / losses Gains / losses on investment assets Net movement in funds Total funds brought forward Total funds carried forward |
4,581 — — — 4,581 15,760 10,562 — (4,509) — 6,053 17,642 588 — — — 588 1,500 809 — 65 — 874 705 |
| 16,541 — (4,444) — 12,096 35,607 30,436 — 3,133 — 33,569 49,835 |
|
| 30,436 — 3,133 — 33,569 49,835 |
|
| (13,895) — (7,578) — (21,473) (14,228) — — — — — 39,177 — — — — — (39,177) 9,780 — — — 9,780 4,399 |
|
| (4,115) — (7,578) — (11,693) (9,830) |
|
| 98,145 — 40,230 — 138,375 148,205 |
|
| 94,030 — 32,653 — 126,682 138,375 |
The PCC accounts represent a consolidation of the two District Church Councils, one representing Christ Church and one representing St Chads. The accounts for each DCC are shown on the following pages.
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Blakenall Heath Christ Church Church
Year ended 31st December 2022 - excl share of St Aidan’s and curate’s house investment
Statement of Financial Activities
Unrestricted Designated Restricted Endowment Total Prior year funds funds funds funds funds total funds
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Blakenall Heath Christ Church Church
Year ended 31st December 2022 - excl share of St Aidan’s and curate’s house investment
Balance sheet
Total funds Prior year funds
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Blakenall Heath S.Catherine with S.Chad, Beechdale Church
Year ended 31st December 2022 - excl share of St Aidan’s and curate’s house investment
Statement of Financial Activities
Unrestricted Designated Restricted Endowment Total Prior year funds funds funds funds funds total funds
Blakenall Heath S.Catherine with S.Chad, Beechdale Church
Year ended 31st December 2022 - excl share of St Aidan’s and curate’s house investment
Balance sheet
Total funds Prior year funds
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