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2021-12-31-accounts

Parochial Church Council of Abbeydale and Millhouses Trustees’ Annual Report and Unaudited Financial Statements for the year ending 31 December 2021 Charity Registration Number: 1142485

Hebblethwaites Chartered Accountants 2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

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Reference and Administrative Details

Charity Registration Name: Parochial Church Council of Abbeydale and Millhouses Charity Registration Number: 1142485 Principal Office: The Vicarage 80 Millhouses Lane Sheffield

S7 2HB

Trustees: Revd. Dr A Lauener

Mrs V C Boddye

Mr D E Crosby

Mrs G J Crosby

Mission and Purposes

The Mission of the Parish of Abbeydale and Millhouses is to Love God, Value People and Care for His World.

We believe we should fulfil the Love of God in whose image everyone is made. All are welcome to our worship, activities and employment regardless of race, colour, national or ethnic origins, age, gender or gender assignment, sexual orientation, marital status, pregnancy, disability, politics, religion, belief or non-belief.

(Parish employment may justifiably be subject to conditions regarding religion and faith that are a necessary requirement of the post.)

Mrs J Davis

Mr I Downing

Mrs E Frost

Mrs P Gregory

Mrs K Harwood

Mr N Harwood

Mrs J E Haigh

Mrs C Hill

Mr A Horsfield

Mr I Hunter

The Parochial Church Council of Abbeydale and Millhouses is responsible for promoting in the Parish the whole Mission of the Church for the advancement of religion for public benefit by welcoming everyone to worship, prayer and study, through evangelism and outreach, in parish activities and the provision of sustainable facilities for our members and communities. The PCC cooperated in the Mission with Revd. Canon Peter Ingram until his retirement at the end of May.

Mrs V J Ledbetter

Mrs P Marshall

Mr M Morton-Thorpe Mrs M Minns

Mrs J Paddock Mrs G Quarrell Ms J Rowson Ms A Smedley Mrs V Smith Mrs L Tulley Mr B Wrigley

Principal Bank Virgin Money. 66 Fargate Sheffield S1 2HE

Accountants: Hebblelthwaites Chartered Accountants 2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

The Parish, with a population of 11,000 in 4,500 households, is located in the attractive and affluent suburbs of South-West Sheffield: Bradway, Totley Brook and Abbeydale Park in Dore Village and Millhouses. The population is overwhelmingly white and 60% declare themselves Christian. The Parish of 1.8 sq miles is bounded on its southern border by the River Sheaf and includes the public open spaces of Beauchief Gardens, Millhouses Park, Poynton and Ecclesall Woods and substantial areas of Sheffield Green Belt.

Objectives and Activities

Mission Action Plan for 2021

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Governance

PCC members who have served from 1[st] January 2021 for the calendar year are:

Revd. Canon Peter Ingram

Ex-Officio members:

Peter was inducted in 2005 as the Vicar of Holy Trinity, Millhouses and held important roles in the Diocese as Area Dean of Ecclesall, Chairman of the Diocesan Advisory Committee and Minister for Ordinands and Training.

For sixteen years Peter led the Parish Mission in an open and inclusive ministry. He encouraged Philip Goodacre, Sarah Colver and Angie Lauener in their vocation to ordination as priests and Gerrie Sturgeon as a Distinctive Deacon .He initiated and led the merging of the parishes of St. John the Evangelist and Holy Trinity in the creation of the Joint Benefice of Abbeydale and Millhouses. He planned and initiated the second phase of reordering of St. John’s church building to be more accessible and to enable an increase in mission outreach.

Peter was supported in the mission and ministry by four curates: Revd. Jennie Lee, Revd. Dr. Sarah Hills, Revd. Catherine Staziker and Revd. Gerrie Sturgeon, by Associate Priest SSM Revd. Dr. Angie Lauener and Assistant SSMs Revd. Brian Cranwell, Revd. Canon Ian Draffan, Revd. John Stride and Revd. Hildred Crowther and licensed Readers, Christopher Saunders and Michael Morton-Thorpe. He appointed Philip Goodacre parttime youth worker and Philippa Dand as full-time Children and Families Worker, who worked for five years in the Mission Partnership together with St. Peter and St. Oswald’s Parish. Peter latterly received approval from the Bishop for the appointment of a new full-time Associate Priest.

Peter’s last Service in celebration and thanksgiving of his long ministry was Holy Communion at Holy Trinity on the 30th May at the Patronal Festival of Trinity Sunday at which over 90 persons were present as well as a Zoom congregation. Gifts of a cheque towards the building of a new sunroom in his and Joan’s new house in Holmfirth and a Book of Thanksgiving were presented by the four wardens. A gift from Millhouses Methodist Church was presented by their representative, Gill Llewellyn. The Dismissal took place ‘socially distanced’ in the car park following the hymn ‘Christ be Our Light’.

The Parochial Church Council

The Parochial Church Council (PCC) is a corporate body established by the Church of England in the Diocese of Sheffield and operates under the Parochial Church Councils (Powers) Measure 1956 to undertake ecclesiastical purposes and the Church Representation Rules 2020. Abbeydale and Millhouses PCC is a Registered Charity and ensures that its Mission serves the public benefit. The PCC approves and submits its Trustees’ Annual Report and Financial Statements to the Annual Parochial Church Meeting (APCM), Sheffield Diocese and the Charity Commission.

The PCC comprised ex-officio: the incumbent until Peter’s retirement in May, an associate priest, a licensed lay reader and lay workers and PCC officers. There are up to twelve members elected by those on the electoral roll of the parish and two members co-opted by the PCC. Each year at the APCM one third of the elected members normally retire and members on the electoral roll of the Parish are encouraged to stand for election to office and membership of the PCC. All members of the PCC are Trustees of the registered charity.

Incumbent: Revd. Canon Peter Ingram (Chairman until June) Associate Priest: Revd. Dr. Angie Lauener Lay Reader: Michael Morton-Thorpe Wardens: Vanessa Boddye Elizabeth Frost Juanita Haigh (Chair after May) Valerie Ledbetter Pastoral Workers: Pat Gregory (Carol Hunt) Ann Smedley Safeguarding Officer Gill Quarrell Deanery and Diocesan Synods: Ian Downing Brian Wrigley Elected members : Until 2022 Joan Davis Ian Hunter Margaret Minns Jenny Paddock Until 2023 Nigel Harwood (Deputy Warden) Pat Marshall Juliet Rowson (Deputy Warden Lynda Tulley (Deputy Warden) Until 2024 Gail Crosby Andrew Horsfield Catherine Hill Valerie Smith (Deputy Warden) Co-opted members: Katie Harwood (Secretary) David Crosby (Assistant Treasurer)

The PCC appoints and is supported in its Mission by several committees: Standing Committee, Finance Committee, Charitable Giving Committee, Trio Magazine Committee, Fabric Committees at St. John’s and Holy Trinity, Church Hall Committee at Holy Trinity and Parish Centre Committee. Committee reports are considered by the Standing Committee and reported to and relevant issues considered by the PCC. Summary notes and Minutes of the PCC and Committees are available in both churches for our congregations’ information.

The PCC met four times including by ‘zoom’, to promote the Parish Mission; agree E Frost and V Boddye as representatives to prepare the Parish Profile for a new priest-in-charge, develop worship provision, prayer and study opportunities, outreach ministry, plan parish activities and to decide and monitor the budget, agree the Common Fund pledge and charitable giving allocation, allocate funds to committees, approve financial expenditure and financial reserves and plan the annual stewardship campaign.

The PCC representatives met with the Associate Archdeacon-Transition Enabler to prepare the Parish Profile and, Section 11 and 12 meetings to progress the appointment of a new Priest-In-Charge (Oversight Minister).

Electoral Roll

The Parish Electoral Roll has 162 members of whom 80 are not resident within the Parish.

Sidespersons

16 members at St. John’s and 32 members at Holy Trinity were re-elected as sidespersons to aid the Church Wardens in their roles as welcomers and assistants at services.

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Parish Safeguarding

All employees, PCC members and volunteers who support children’s and vulnerable adults’ activities are DBS Checked. A Social Media Policy was adopted to promote open and friendly contact and prevent offensive, indecent or illegal content.

Covid-19 Risk Assessment

The Parish was required by the Church of England and Government to reduce the spread of coronavirus and suspend public worship and close all church buildings from mid-March to end of June. On restarting Church services Covid restrictions were maintained in accordance with government requirements and advice.

General Data Protection Regulations May 2018

The Policy is on the church web site. A continuing audit of personal data collected is undertaken.

Parish Administration

Our Parish Administrator, Bev Ramsey, worked in the Parish Office each weekday morning assisting the Vicar and wardens during the interregnum and making bookings for the hire of both church buildings, both church halls and the Parish Centre. The PCC thanks Bev for her continuing support. The Wardens maintained the Church Terriers, Logbooks and PCC policy documents and arranged the church buildings for Covid-19 safe worship. The Assistant Treasurer, David Crosby managed the General Fund and advised the PCC on the budget and budget forecast. We welcomed Richard Frost to manage the Parish Centre Fund and Andrew Horsfield to manage the Church Halls Fund. Peter Quarrell and Jenny Paddock were thanked for their management of the Parish Centre and Hall Faunds. Neil Bridgwater continued as Stewardship Secretary. Chartered Accountants Hebblethwaites provided accountancy services and helped prepare the Annual Financial Statements for independent examination and Richard Murdoch of Hebblethwaites was re-appointed as Independent Examiner.

Deanery Synod

Ian Downing and Brian Wrigley are members of the cooperative partnership of Attercliffe and Ecclesall Deanery Synods. Revd. Canon Mark Brown was licensed as Priest-in-Charge of All Saints Ecclesall and Area Dean in January and a new Priest-in-Charge, Revd. Andrew Patrick, was appointed at Christ Church, Dore in our Mission Area.

Diocesan Synod

Ian Downing and Brian Wrigley are elected by the Deanery Synod to the Diocesan Synod for three years. The Diocese has adopted a new pattern of ministry with a reducing number of ordained ministers, new Mission areas, Oversight and Focal Ministers and an increased provision of pastoral, buildings and energy advisor support at Church House.

Achievements and Performance

Worship

Both church buildings were closed for public worship during the coronavirus epidemic from January to the beginning of April. During ‘lockdown’ and subsequently, services were streamed live on-line via ‘Zoom’ and recorded and uploaded onto the website, including Holy

Communion, All-Age Worship, Services of the Word and Café Church on Sundays and Morning Prayer during the week. Covid-secure and streamed services via Zoom services resumed in April.

A diverse programme of worship normally provided each week in both churches is intended to fulfil the spiritual needs of our Parish. The Vicar was supported in leading worship before his retirement by our Associate Priest SSM Revd. Dr. Angie Lauener, During the Interregnum worship was also led by a series of visiting priests. Worship was also supported by our licensed lay reader; Michael Morton-Thorpe. The four Church Wardens, the Deputy Wardens, sacristans, servers, lay communion administrators, intercessors, Directors of Music, choirs and musicians, sides-persons, vergers and sound assistants undertook valued duties in supporting our services.

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Church Attendance

The average weekly combined church attendance including by Zoom, counted in October, was 100.

Life Events: Baptism, Marriage and Funerals

The Parish promotes these Occasional Services as an important part of our Ministry. We welcomed families to six Baptisms throughout the year. We were able to welcome families and friends to thank God in four marriage services. Fifteen funeral services were held at church and/or the crematorium that provided support to numbers of family members and friends in their bereavement and thanksgiving for lives lived in God’s Love, particularly during a time of attendances reduced by restrictions during the Coronavirus lockdown. The internment of ashes is available in memorial gardens at both churchyards and memorial tablets are also available for inscription at Holy Trinity.

‘Community of the Cross of Nails’

The Cross of Nails is displayed in each church on alternate months. The ‘Cross of Nails Litany’ was said by groups of members led by the Vicar, Revd. Dr. Angie Lauener or Michael Morton-Thorpe outside St. John’s

Church on Abbeydale Road South and through ‘Zoom’ regularly throughout the year. We celebrated the ‘Community of the Cross of Nails Sunday’ at St. John’s on 26 September.

Ecumenical Relationships

The Parish continues its strong relationship with Millhouses Methodist Church. Café Church alternated monthly between Holy Trinity Church and St Oswald’s. The Methodist Church also contributed regular editorial material to the ‘Trio’ magazine.

Bible Study and Study Courses

Bible Reading Fellowship’s ‘Guidelines’ were available three times a year by subscription, organised by John Shortland for members of the congregations.

The PCC supported Suniel Assif on his foundation training course to examine his vocation in the church.

In Lent the Parish commenced a study course led by Revd. Dr. Angie Lauener entitled #Live Lent based on the book by Hannah Steele and in Advent a four session Diocesan course ‘Travelling Light. ’ Meetings were held on Zoom.

St. John’s Mothers’ Union

Margaret Minns, the Branch Coordinator, reports there are 20 loyal branch members including two more members who became indoor members.

COVID has had an impact on the ability to meet. Nevertheless, we have managed to keep in contact with members via technology, phone calls and newsletters throughout the year. At Easter each member was given a Prayer Card and Spring Flowering plant to celebrate this special time of the year for us.

By August we felt we could meet for coffee in the Guild Room following government guidelines. This was a welcome time and members enjoyed seeing folk face to face again. In October Angie enabled us to have our first mid-week communion service since the beginning of the crisis. Afterwards we met to respond to a request from Mary Sumner House regarding ‘Reimagining of the Mothers’ Union’. Our responses, along with those from other branches will be taken to a conference in January 2022 and we look forward to seeing the outcome.

We met again in November but with the spread of the new strain of the virus Margaret felt it her duty not to meet in December to keep members safe in the run up to Christmas.

The Branch continues to support the local Women’s Refuge with toiletries, Fair Trade Easter eggs and chocolate Advent Calendars along with a small book relating the Christian message. Alongside this we also collected items to go into a rucksack for children of Afghan refugees. Despite the difficult circumstances Margaret felt that they have managed to follow the Mothers’ Union principles.

Pastoral Ministry

During ‘lockdown’, members unable to attend Church because of infirmity or illness were visited and Communion was arranged by one of the Pastoral Team including for members who are living at home, in assisted-living flats or care homes including The Glen, Meadow Grange, Grange Crescent and Hilltop Lodge at Chapeltown.

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Members who have been unwell have welcomed a telephone call for a long chat and prayer that has been very much appreciated and cards have been written to many elderly members. Some have been visited in their gardens observing safe ’social distancing’. Conversations have been around uncertainty, feeling isolated and fearful, and all miss Church so much.

Families of baptised children on their first four anniversaries had cards delivered with verses and prayers for the child as we believe it is important to keep in touch with these families to make them part of the Church family.

Carbon Footprint

The report on our five buildings, carried out by the Diocesan-approved consultant ‘Green Journey’ in 2018, made recommendations to improve energy efficiency and reduce our carbon footprint. Measures to reduce energy use are being undertaken in each building on an incremental basis, as appropriate. Over 90% of our electricity is generated by renewable sources. We aim to meet the Church of England’s and Diocese’ target of zero net emissions by 2030.

Support for disadvantaged people

Bank, that operates from Low Edges, with donations of food in our church buildings and financial contributions during the ‘coronavirus lockdown’. We are grateful for the generous gifts of food and Chris Wrigley’s organisation of the collections.

Charitable Giving

The PCC has a policy of allocating 10% of planned voluntary income to charitable giving. The Lent Appeal this year was for ‘Christian Aid and was supported through Church funds and through holding a ‘Zoom Quiz’, by members’ donations. The Harvest Appeal was for the Cathedral Archer Project and Medecins Sans Frontieres. The Advent Appeal, commencing with our Christingle Services was, as usual, for the Children’s Society. We supported the process of emigration of a family from danger in Pakistan to the USA.

Charitable Giving 2021

CHARITY £
Lent Appeal: Christian Aid 1, 805.62
Harvest Appeal: Medecins Sans Frontieres 996.50
Cathedral Archer Project 936.35
Advent Appeal: Children’s Society 1,593.30
Embrace 1,000.00
Changing Faces 1,000.00
Open Doors 500.00
Save the Children (Afghanistan) 500.00
Support Dogs, Sheffield 250.00
Mission Aviation Fellowship 500.00
Christian African Relief Trust 500.00
Room to Read 500.00
Transport 17 250.00
**Send a Cow ** 500.00
Soulroots 250.00
Grace Food Bank 581.25
GoodwillChildren’s Village (India) 250.00
South Yorkshire Eating Disorder Association 250.00
The Oakes Holiday Centre 250.00
Camphill Village Trust 250.00
Pakistan Family Support 1201.00
TOTAL including gift aid tax 13,989.02

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Children and Families Outreach Mission

Community Outreach Mission

resigned as Treasurer and Advertising Manager and was thanked for his work and David Crosby took on the roles.

Parish Volunteers

The Annual Report demonstrates the scope and scale of our Parish Mission and contribution to the public benefit. The PCC is grateful for the diligent work of the Committees and the considerable support of all our members that gave their time and talents particularly during the ‘Covid-19 lockdown.’ This represents many hours of prayerful effort by Church members without whom the whole Parish Mission would not be undertaken.

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Financial Review

Budget and Budget Forecast

The PCC approved the 2022 Financial Budget of £431,814, including £220,545 for reordering St John’s church building, and a budget forecast for the five-year period to 2026 to ensure the ongoing financial viability of the Parish Mission.

Financial Statements

Income, including the capital growth of the Investment Fund, exceeded £250,000 and we prepared our Financial Statements in accordance with Church of England regulations and the Charities Act 2011 using the accrual method.

General Fund

Of the total receipts of £203,808 planned giving donations were £95,997, the majority of which were tax efficient and Gift-Aid Tax of £23,372 was reclaimed. The PCC expressed its gratitude for the regular generous giving of our members however, we need to increase our planned giving annually to meet price inflation of Diocesan Ministry and Parish costs and our commitment to employ a full-time Associate Priest and pay for more caretaking duties. The remainder of General Fund income was received in open-plate collections, one-off donations, special appeals, parish events, investment dividends, grants and the hire of Holy Trinity Church. Contributions from St. Peter and St. Oswald’s PCC were received for their share of the Children and Families Mission Partnership.

General Fund unrestricted expenditure of £203,118 supported the Parish Mission which included paying £72,804 to the Diocesan Common Fund for Ministry. In response to the request from the Diocese to maintain our pledge at the current amount the PCC agreed to pledge £72,804 to the Common Fund in 2022, exceeding the PCC policy of pledging approximately 56% of planned giving plus gift aid tax recovered. The sum meets the Diocesan Ministry costs of our incumbent and contributes to other parishes in the Diocese. Expenditure included the PCC allocation of £10,125 to charitable giving, based on 10% of our estimated planned giving and a further £2,738 including gift aid tax, raised by special appeals, for several charities.

The Children and Families Worker and Parish Administrator’s salaries were paid. The Directors of Music fees were paid based on the Royal School of Church Music’s guidance. Expenses were incurred by the Vicar, Associate Clergy, pastoral workers and Children and Families Worker, including paying Voluntary Action Sheffield (VAS) to provide payroll services. Special collections enabled gifts to be made to Revd. Canon Peter Ingram and Philippa Dand.

Church Halls Fund

Our two church halls received reduced hire charges this year from regular and one-off hirers totalling £11,664 The cost of maintenance and repair to both hall buildings to a high standard was £18,358 including insurance, energy, utilities, cleaning, grounds maintenance, roof repairs and redecorating St. John’s Hall. In addition, we installed a replacement gas boiler at Holy Trinity funded from capital expenditure.

Parish Centre Fund

The Parish Centre received rent/license and service charges from the Croft Corner Forest Nursery and hire charges from regular and one-off hirers totalling £29,427. The cost of maintaining the building and grounds to a high standard including insurance, energy, utilities, cleaning, building repairs and improvements and grounds maintenance was £19,768.

Capital Expenditure-St. John’s Reordering

We paid the Architect’s fees to prepare the working drawings, specification and to seek tenders for re-ordering St. John’s church building. The work includes new direct access, an accessible wc, tea-point/servery, levelled floor, chairs, storage and lighting. The lowest tender of £194,058.96 by Land and Property Management was accepted by the PCC. The Faculty Petition was on public notice during November/December, approved by the Diocesan Chancellor and is to be issued by the Registrar in January 2022.

Restricted Funds

The Iris Kippax Music Fund of £919 and £250 from the Vicar’s Discretionary Fund for a replacement altar at Holy Trinity are held in the General Fund. The rent deposit of £2,751 for the Croft Corner Forest Nursery is held in the Church of England Investment Fund to maintain its value.

Designated Funds

Funds are held in balances of the Halls and Parish Centre Accounts. £160,000 is held in the Church of England Investment Fund for the reordering works at St. John’s church and the balance of the Investment Fund is designated to raise capital and dividends towards the general parish ministry including the appointment of an Associate Priest.

Financial Balances

We ended the year with a balance of £729,390. Current account balances are £39,494 and the balance of debtors and creditors amounted to a net creditor of £5,153. £5,595 is held in the Church of England Deposit Fund and £688,445 is invested in the Church of England Investment Fund. £1,009 is deposited with the Sheffield Credit Union.

Trio Parish Magazine income and expenditure was incorporated into the General Fund this year. Advertising income was £4,495 and printing costs were £5268. Several advertisers cancelled their adverts due to the ‘COVID Lockdown’ but it is hoped that advertising income will increase with new advertisers to meet the full printing costs next year.

Holy Trinity and St. John’s Fabric Committees spent £6,247 on maintenance and repair of church buildings and grounds. General Fund expenditure also included £17,201 on other church running costs including insurance, upkeep of services, music, printing, stationery, licences, energy and other utilities.

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Risk Assessment

The assessed risks to the operation of the Parish Mission are mitigated as follows:

Construction, Design and Management Regulations 2015. The PCC is aware of its duty to provide adequate information under Health and Safety Regulations when appointing professional advisors or contractors for building works.

Reserves Policies

The PCC has a policy of maintaining unrestricted reserves equivalent to three months ‘at risk’ expenditure currently estimated at £32,700. The unrestricted reserves currently stand at £8,308. Adequate cash-flow and emergency expenditure can be maintained by drawing down funds from the Investment Account.

Signed:

Chair, Warden and Trustee: Juanita Haigh………………………….

Warden and Trustee; Elizabeth Frost………………………………….

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Parochial Church Council of Abbeydale and Millhouses

Independent Examiner's Report to the Trustees of Parochial Church Council of Abbeydale and Millhouses

Year ended 31 December 2021

I report to the trustees on my examination of the financial statements of Parochial Church Council of Abbeydale and Millhouses ('the charity') for the year ended 31 December 2021.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements 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:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements 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 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.

Richard Murdoch BA(Hons) FCA Hebblethwaites Independent Examiner

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

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Parochial Church Council of Abbeydale and Millhouses

Statement of Financial Activities

Year ended 31 December 2021

2021 2020
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income
Donations and legacies 4 125,971 6,310 132,281 139,220
Charitable activities 5 54,050 – 54,050 41,134
Investment income 6 17,346 131 17,477 16,903
───────── ─────── ───────── ─────────
Total income 197,367 6,441 203,808 197,257
═════════ ═══════ ═════════ ═════════
Expenditure
Expenditure on raising funds:
Ministry expenses 7 (150,733) (4,114) (154,847) (162,237)
Expenditure on charitable activities 8,9 (52,385) (6,740) (59,125) (72,830)
───────── ──────── ───────── ─────────
Total expenditure (203,118) (10,854) (213,972) (235,067)
═════════ ════════ ═════════ ═════════
Net gains on investments 10 86,162 – 86,162 38,752
───────── ──────── ───────── ─────────
Net income and net movement in funds 80,411 (4,413) 75,998 942
═════════ ════════ ═════════ ═════════
Reconciliation of funds
Total funds brought forward 645,059 8,333 653,392 652,450
───────── ──────── ───────── ─────────
Total funds carried forward 725,470 3,920 729,390 653,392
═════════ ════════ ═════════ ═════════

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 15 to 23 form part of these financial statements.

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Parochial Church Council of Abbeydale and Millhouses

Statement of Financial Position

31 December 2021

2021 2020
Note £ £
Current assets
Investments 14 695,049 608,887
Cash at bank and in hand 39,494 48,998
───────── ─────────
734,543 657,885
Creditors: amounts falling due within one year 15 5,153 4,493
───────── ─────────
Net current assets 729,390 653,392
───────── ─────────
Total assets less current liabilities 729,390 653,392
───────── ─────────
Net assets 729,390 653,392
═════════ ═════════
Funds of the charity
Restricted funds 3,920 8,333
Unrestricted funds 725,470 645,059
───────── ─────────
Total charity funds 16 729,390
═════════		 653,392
═════════

These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:

Juanita Haigh Chair and Trustee

Elizabeth Frost

Church Warden and Trustee

The notes on pages 15 to 23 form part of these financial statements.

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Parochial Church Council of Abbeydale and Millhouses

Statement of Cash Flows

Year ended 31 December 2021

2021 2020
£ £
Cash flows from operating activities
Net income 75,998 942
Adjustments for:
Net gains on investments (86,162) (38,752)
Other interest receivable and similar income (17,477) (16,903)
Accrued expenses/(income) 660 (887)
Changes in:
Prepayments and accrued income – 3,903
──────── ────────
Cash generated from operations (26,981) (51,697)
Interest received 17,477 16,903
──────── ────────
Net cash used in operating activities (9,504) (34,794)
════════ ════════
Net decrease in cash and cash equivalents (9,504) (34,794)
Cash and cash equivalents at beginning of year 48,998 83,792
──────── ────────
Cash and cash equivalents at end of year 39,494 48,998
════════ ════════

The notes on pages 15 to 23 form part of these financial statements.

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Parochial Church Council of Abbeydale and Millhouses

Notes to the Financial Statements

Year ended 31 December 2021

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is The Vicarage, 80 Millhouses Lane, Sheffield, S7 2HB.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)), the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The trustees consider that the going concern basis is appropriate and there are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires the trustees to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the trustees, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, other than the policies shown below.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

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Parochial Church Council of Abbeydale and Millhouses

Notes to the Financial Statements (continued)

Year ended 31 December 2021

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

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Parochial Church Council of Abbeydale and Millhouses

Notes to the Financial Statements (continued)

Year ended 31 December 2021

3. Accounting policies (continued)

Financial instruments (continued)

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Pension contributions

During the year Abbeydale and Millhouses PCC participated in the Pension Builder Scheme (PB 2014) section of Church Workers Pension Fund for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the Employer and the other participating employers.

Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. This account may have bonuses added by the Board before retirement. The bonuses depend on investment experience and other factors. There is no requirement for the Board to grant any bonuses. The account, plus any bonuses declared, is payable from members' Normal Pension Age.

The pensions contributions charged to the SoFA in the year amounted to £1,068 (2020: £2,105) and are accounted for as a defined contribution scheme.

Tangible fixed assets

Consecrated and benefice property is excluded from the accounts by s.10(2)(a) of the Charities Act 2011.

17

Parochial Church Council of Abbeydale and Millhouses

Notes to the Financial Statements (continued)

Year ended 31 December 2021

4. Donations and legacies

Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Donations
Planned giving 95,997 – 95,997
Collections - ordinary 869 – 869
Collections - charity – 2,663 2,663
Gift Aid recoverable 23,372 – 23,372
Other donations and legacies
Bequests and donations in memory – – –
Other donations and income 4,756 – 4,756
Grants receivable – 3,647 3,647
Church activities 977 – 977
───────── ─────── ─────────
125,971 6,310 132,281
═════════ ═══════ ═════════
Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Donations
Planned giving 98,035 – 98,035
Collections - ordinary 1,383 – 1,383
Collections - charity – 4,214 4,214
Gift Aid recoverable 24,028 – 24,028
Other donations and legacies
Bequests and donations in memory 30 – 30
Other donations and income 1,030 50 1,080
Grants receivable – 9,836 9,836
Church activities 614 – 614
───────── ──────── ─────────
125,120 14,100 139,220
═════════ ════════ ═════════

5. Charitable activities

Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
£ £ £ £
Parish ministry (including PCC fees) 7,535 7,535 5,323 5,323
Church hire income 929 929 281 281
Parish Centre - Lettings income 29,427 29,427 15,813 15,813
Church Halls - Lettings income 11,664 11,664 16,710 16,710
TRIO - Advertising revenue 4,495 4,495 3,007 3,007
──────── ──────── ──────── ────────
54,050 54,050 41,134 41,134
════════ ════════ ════════ ════════

18

Parochial Church Council of Abbeydale and Millhouses

Notes to the Financial Statements (continued)

Year ended 31 December 2021

6. Investment income

Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Interest receivable 6 – 6
Dividends on CBF investment Fund - income shares 17,340 131 17,471
──────── ──── ────────
17,346 131 17,477
════════ ════ ════════
Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Interest receivable 31 – 31
Dividends on CBF investment Fund - income shares 16,747 125 16,872
──────── ──── ────────
16,778 125 16,903
════════ ════ ════════

7. Ministry expenses

Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Parish office and secretarial expenses 8,550 – 8,550
Payments to Diocese Common Fund 72,804 – 72,804
Ministry expenses 6,993 – 6,993
Diocesan fees 3,339 – 3,339
Lighting and heating 7,220 – 7,220
Insurance 4,987 – 4,987
Repairs and maintenance 6,690 – 6,690
St John’s improvements and Architects fees 16,025 250 16,275
Music Directors, Organists and Music 8,760 – 8,760
Upkeep of Services 2,562 – 2,562
Donations to Charities 10,125 3,864 13,989
Other expenses 2,678 – 2,678
───────── ─────── ─────────
150,733 4,114 154,847
═════════ ═══════ ═════════

19

Parochial Church Council of Abbeydale and Millhouses

Notes to the Financial Statements (continued)

Year ended 31 December 2021

7. Ministry expenses (continued)

Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Parish office and secretarial expenses 8,310 – 8,310
Payments to Diocese Common Fund 72,804 – 72,804
Ministry expenses 5,711 – 5,711
Diocesan fees 2,732 – 2,732
Lighting and heating 7,138 – 7,138
Insurance 4,976 – 4,976
Repairs and maintenance 3,032 500 3,532
Architects Fees – St John’s reordering 936 – 936
Holy Trinity - lights 3,563 634 4,197
St John’s car park 23,510 – 23,510
Music Directors, Organists and Music 8,076 – 8,076
Upkeep of Services 2,175 – 2,175
Donations to Charities 10,000 4,214 14,214
Other expenses 3,926 – 3,926
───────── ─────── ─────────
156,889 5,348 162,237
═════════ ═══════ ═════════

8. Expenditure on charitable activities by fund type

Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Parish Centre expenditure 19,768 – 19,768
Church Halls expenditure 18,358 – 18,358
TRIO expenses 5,268 – 5,268
Children and Youth Work 6,711 6,740 13,451
Support costs 2,280 – 2,280
──────── ─────── ────────
52,385 6,740 59,125
════════ ═══════ ════════
Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Parish Centre expenditure 16,471 – 16,471
Church Halls expenditure 25,318 – 25,318
TRIO expenses 2,586 – 2,586
Children and Youth Work 17,448 8,727 26,175
Support costs 2,280 – 2,280
──────── ─────── ────────
64,103 8,727 72,830
════════ ═══════ ════════

20

Parochial Church Council of Abbeydale and Millhouses

Notes to the Financial Statements (continued)

Year ended 31 December 2021

9. Expenditure on charitable activities by activity type

Activities
undertaken Support Total funds Total fund
directly costs 2021 2020
£ £ £ £
Parish Centre expenditure 19,768 – 19,768 16,471
Church Halls expenditure 18,358 – 18,358 25,318
TRIO expenses 5,268 – 5,268 2,586
Children and Youth Work 13,451 – 13,451 26,175
Governance costs – 2,280 2,280 2,280
──────── ─────── ──────── ────────
56,845 2,280 59,125 72,830
════════ ═══════ ════════ ════════

10. Net gains on investments

Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
£ £ £ £
Gains/(losses) on revaluation of
investment assets 86,162 86,162 38,752 38,752
════════ ════════ ════════ ════════

11. Independent examination fees

2021 2020
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 2,280
═══════		 2,280
═══════

12. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as The total staff costs and employee benefits for the reporting period are analysed as follows:
2021 2020
£ £
Wages and salaries 19,115 32,015
Pension contributions 1,068 2,105
═══════ ═══════

The average head count of employees during the year was 2 (2020: 2).

No employee received employee benefits of more than £60,000 during the year (2020: Nil).

13. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity were received by the trustees. There were no related party transactions which require disclosure.

14. Investments

2021 2020
£ £
The CBF Church of England Investment Fund - Income Shares 688,445 602,285
The CBF Church of England Deposit Fund 5,595 5,595
Sheffield Credit Union 1,009 1,007
───────── ─────────
695,049 608,887
═════════ ═════════

21

Parochial Church Council of Abbeydale and Millhouses

Notes to the Financial Statements (continued)

Year ended 31 December 2021

14. Investments (continued)

Movements during the year:
2021
£
At 1 January 2021 608,887
Net (losses)/gains 86,162
─────────
At 31 December 2021 695,049
═════════

15. Creditors: amounts falling due within one year

2021 2020
£ £
Accruals and deferred income 5,153 4,493
═══════ ═══════

16. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At Gains and At
1 Jan 2021 Income Expenditure losses 31 Dec 2021
£ £ £ £ £
General funds 21,616 156,139 (169,447) – 8,308
Designated Funds 623,443 41,228 (33,671) 86,162 717,162
───────── ───────── ───────── ────────
─────────
645,059 197,367 (203,118) 86,162 725,470
═════════ ═════════ ═════════ ════════
═════════
At Gains and At
1 Jan 2020 Income Expenditure losses 31 Dec 2020
£ £ £ £ £
General funds 51,601 146,203 (176,188) – 21,616
Designated Funds 592,666 36,829 (44,804) 38,752 623,443
───────── ───────── ───────── ────────
─────────
644,267 183,032 (220,992) 38,752 645,059
═════════ ═════════ ═════════ ════════
═════════

Designated Funds comprise:

Net At 31 Dec
At 1 Jan 2020 Movement 2020
£ £ £
Church Halls 9,745 (1,487) 8,258
Parish Centre 4,209 9,646 13,855
TRIO 602 (602) –
Investments 608,887 86,162 695,049
───────── ──────── ─────────
623,443 93,719 717,162
═════════ ════════ ═════════

22

Parochial Church Council of Abbeydale and Millhouses

Notes to the Financial Statements (continued)

Year ended 31 December 2021

16. Analysis of charitable funds (continued)

Restricted funds

Restricted funds
At Gains and At
1 Jan 2021 Income Expenditure losses 31 Dec 2021
£ £ £ £ £
Restricted Funds 8,333 6,441 (10,854) – 3,920
═══════ ═══════ ════════ ════ ═══════
At Gains and At
1 Jan 2020 Income Expenditure losses 31 Dec 2020
£ £ £ £ £
Restricted Funds 8,183 14,225 (14,075) – 8,333
═══════ ════════ ════════ ════ ═══════
Restricted Funds comprise:
Net At 31 Dec
At 1 Jan 2021 Movement 2021
£ £ £
Children & Youth Work 3,093 (3,093)
–
Rent Deposit 2,620 131 2,751
Iris Kippax Fund 919 – 919
Vicar's Discretionary Fund 500 (250)
250
Quetta Appeal 1,201 (1,201)
–
─────── ─────── ───────
8,333 (4,413)
3,920
═══════ ═══════ ═══════
Analysis of net assets between funds
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Current assets 730,623 3,920 734,543
Creditors less than 1 year (5,153) – (5,153)
───────── ─────── ─────────
Net assets 725,470 3,920 729,390
═════════ ═══════ ═════════
Unrestricted Restricted Total Funds
Funds Funds 2020
£ £ £
Current assets 649,552 8,333 657,885
Creditors less than 1 year (4,493) – (4,493)
───────── ─────── ─────────
Net assets 645,059 8,333 653,392
═════════ ═══════ ═════════

17. Analysis of net assets between funds

23

Parochial Church Council of Abbeydale and Millhouses

Notes to the Financial Statements (continued)

Year ended 31 December 2021

18. Analysis of changes in net debt

At At
1 Jan 2021 Cash flows 31 Dec 2021
£ £ £
Cash at bank and in hand 48,998 (9,504)
39,494
Current asset investments 608,887 86,162 695,049
───────── ──────── ─────────
657,885 76,658 734,543
═════════ ════════ ═════════

24