2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Mary The Virgin And St Chad, Brewood

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Trustees' Annual Report for the period

From Period start date To Period end date

Day 01 Month 01 Year 2021 Day 31 Month 12 Year 2021

Section A Reference and administration details

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December 2019

Charity name

Parish Church of St Mary & St Chad, Brewood

Other names charity is known by

Registered charity number (if any)

1148963

Charity's principal address (eg. Address of the church or church office)

Church House, 7 Church Road

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December 2019

Brewood

Stafford

Postcode ST19 9BT

Names of the charity trustees – Members of the PCC - who manage the charity

Trustee name Office (if any) Dates acted if not for whole year

Rev Philip Moon Vicar

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December 2019

Rev. Marilyn Coulter Associate Priest

Joanna Monckton Deanery Synod Rep. Peter Bache Chris Bywater

Kenneth Ebbrell Church Warden

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December 2019

Michael John Evans Deanery Synod Rep.

Shirley Joan Snow

David Hunt Treasury Team Leader

Robert Ian Hunter

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December 2019

Anthea Rosemary Taylor

Megan Pitwood Electoral Roll Officer

Robert Frank Short

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December 2019

Name of Chairman of the PCC (Optional information)

Rev. Philip Moon

Section B Structure, governance and management

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December 2019

Description of the charity’s trusts

Type of governing document (eg. trust deed, constitution)

Parochial Church Council Powers Measure (1956) as amended, and Church 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 Brewood 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;
relationship with any related parties;
trustees’ consideration of major risks and the system and procedures to manage them; (Put your Risk Assessment Policy here)

PCC Members (Trustees) are appointed by election at the Annual Parochial Church Meeting (APCM) which is held each year, prior to the end of April. However this year it was delayed until 26th May due to the restrictions in place because of the Covid 19 pandemic. Members of the

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December 2019

church Electoral Roll are entitled to be nominated, seconded and voted into office by those at the meeting, who must also be Electoral Roll members. PCC members are normally elected to serve for a three-year term and can then stand for office again for a further three years. They must then stand down for a year before re-joining.

The Treasury team handles all matters of finance and donations, including gift-aid claims on behalf of the churchwardens and PCC. The treasury team is elected annually to this role by vote taken at the first PCC meeting following the APCM.

The Fabric Sub-Committee consists of both churchwardens, members of the Treasury Team, and one or more designated PCC members

The Mission Sub-Committee is primarily part of the Staff Team which consists of the vicar, the assistant minister, the schools and children’s minister and the licensed lay ministers, and meets monthly, beginning with Morning Prayer, partly to develop the Mission Action Plan (MAP) which describes and informs the growth, in numbers and spirituality, of the parish.

The Standing Committee consists of the Vicar, churchwardens, PCC Secretary and treasurer. It meets as needed to consider and act on urgent matters between PCC meetings.

We have a strong relationship with our neighbouring parish church of St John the Evangelist, Bishops Wood. We share our vicar and leadership team with them, and our churchwardens and finance team have close relations, acting in concert when required.

We also have a close liaison with the two other Brewood church fellowships, which are Brewood Methodist Church, and St Mary’s RC Church. A committee with representatives from all four churches meets several times each year, and organises joint events, often coinciding with major church festival dates.

We have a good relationship with a number of local schools. St Mary and St Chad First School and Brewood Middle School are both church schools and are located near to the church; both frequently bring children to church for whole-school services, and members of our church team visit both schools regularly to conduct assemblies, etc. St Dominic’s School, also in the village, is an independent school with similar close links to our church.

Risk management is actively and regularly reviewed by the Vicar and churchwardens. A Safeguarding Officer is appointed, and a Safeguarding Policy is in place. We have employed one of our parishioners who is a retired Health and Safety professional, to carry out H & S risk assessments of church premises, and his recommendations have been implemented or are being actively considered. Annual safety checks are carried out on the church and church hall gas systems, lightning conductor system, portable electrical appliances and security alarm system.

The church and church hall are fully insured via the standard polices of Ecclesiastical Insurance Company, and these policies include Public Liability cover and Employers Liability cover. We have held recent meeting with EIC staff and have taken advice from them to minimised insured risks.

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 church and to become part of our parish community at Brewood. The PCC maintains an overview of worship

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December 2019

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

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

policy on grantmaking;
policy programme related investment;
contribution made by volunteers;

The PCC does not have a policy on grant making or investments

We have no salaried employees and most tasks, administrative and practical are carried out by volunteers who are members of the worshipping congregation. Tasks which are beyond the scope or abilities of our members are carried out by professionals on an invoiceable basis.

Section D Achievements and performance

Summary of the main achievements of the charity during the year

Every Sunday we hold a main service at 10am which is normally a Holy Communion service using modern liturgy, but which can also be a Family service (Wide Open Worship) or a ‘Morning Worship’ which does not include an act of Holy Communion. On the first Sunday of the month this is the only service that day. On other Sundays, there is also a said Holy Communion service at 8.30am using traditional BCP liturgy. On one Sunday each month we hold a Messy Church.

The average Sunday attendance during 2021 was 71 adults and 3 children. There were also 9 baptisms, 10 weddings and 18 funerals held in the church during the year. A further 14 funeral services were held at the crematorium. (Prior year comparisons have not been included as they are highly distorted by the impact of the Covid-19 pandemic).

We hold a service of Holy Communion on alternate Wednesday mornings. Authorised volunteers take Holy Communion to the housebound on request.

We have a policy of offering infant and adult baptism which can be at one of our main services or at a separate time to suit family wishes.

It is the church’s policy to offer wedding or marriage blessing services to those who request it, and wedding couples are expected to qualify through residence in the parish or through regular church attendance prior to the ceremony.

It is the policy of the church to offer funerals or services of remembrance or celebration of a life, when requested. Burial in the churchyard is only available to those who qualify by residence in the parish, or by recent residence in the parish where the reason for leaving the parish was to move to a care home. Faculties for reservation of burial plots are not allowed. Our staff team also officiate at services in local crematoria or other local churches when requested. Pastoral help will be offered to all bereaved families as needed.

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December 2019

Ecumenical events have been very limited this year, again due to the impact of the pandemic. We hope to re-establish these in the forthcoming year. Such activities are organised under the ‘umbrella’ of the 4-church ecumenical group mentioned in section B.

Also mentioned in section B is the work that takes place with three of the village’s four schools (the exception is St Mary’s RC School which mainly liaises with their own adjacent church). We are actively seeking to build closer links with our schools.

Brewood has an active branch of the Royal British Legion, and a Remembrance Parade and Service is held every year in November, with close Legion support.

Our local Parish Council holds a Civic Service annually, located in one or other of our local churches on a rotating basis, and our church plays an active part.

We work closely with our local Scouts and associated uniformed young peoples’ organisations. In recent years we have held joint events with them, including garden parties and church services

A monthly ‘Church Sunday Lunch’ takes place regularly in one of the local restaurants, and this is a well-supported activity for those who would otherwise eat alone.

Section D Achievements and performance (contd.)

During the year we have been working actively to further our objectives. These will fall into the three new categories being promoted by the Diocese, which are as follows:

1 Discipleship Summary of the main objectives of the charity 2 Vocation planned in the following 3 Evangelism year

Section E Financial review

In the past year we have received generous legacies, for Brief statement of the undesignated general use, totalling £11.5k. It is our policy to charity’s policy on retain such amounts in a designated fund for general reserves. reserves The value of this fund at year end is £67k

Our policy regarding Fabric Fund is to always retain a £50k amount which is easily realisable in case of urgent building needs. The total held in our Fabric Fund presently totals £50.5k

Details of any funds materially in deficit

none

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December 2019

Further financial review details (Optional information)

The church’s ordinary income in 2021 was approx. £92k.
You may choose to include £51k of this was from voluntary giving by church
additional information, members (£46k was from regular giving), £18k was from
where relevant about: legacies and other giving. £12k was from Gift Aid
the charity’s principal reclaimed from HMRC, £11k from wedding and funeral
sources of funds statutory fees
(including any fundraising);  Our largest item of expenditure was £53.5k paid directly
how expenditure has to Lichfield Diocese to provide us with a priest and a house for him to live in. The remainder of our expenditure
supported the key pays for the costs of maintaining our building, heating,
objectives of the charity; lighting, insurance and phone costs
investment policy and Our bankers are the Cooperative Bank and they have an ethical
objectives including any investment policy which we support. Our investment policy
ethical investment policy presently is to maintain any funds up to £50k on an ‘instant
adopted. access’ basis, and to invest any balance in a way which achieves the best return with total absence of risk to our investments. During the year we closed our account with Lloyds Bank and transferred £71.5k into an ethical investment with CCLA. Out Cooperative Bank balance at year end was £75.5k.

Section F Other optional information

Acknowledge any large Grants or donation in this Section.

Acknowledging a large Grant in your TAR may be a condition of acceptance

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

TAR

December 2019

Full name(s)

Geraldine Shenton

Position

(e.g. Secretary, Chair, etc)

Secretary

Date

(e.g. Date of the APCM)

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December 2019

Independent Examiner's Report to the PCC ofst Marythe Virgin & St Chad, Brewood This report on the financial statements of the PCC for the year ended 31st December 2021 is in respect of an examination carried out in accordance with the Church Accounting Regulations 20061'the Regulations'l and section 43 of the Charities Act I'the Act'l Respective responsibilities of the PCC and the Examiner Members of the PCC are responsible for the preparation of the financial statements,. you consider that the audit requirements of the Regulations and section 43121 of the Act do not apply. It is my responsibility to issue this report on those financial statements in accordance with the term5 of the Regulations. Basis of this report My examination was carried out in accordance with the General Directions given by the Charity Commission under section1431 Ibl of the Act and to be found in the Church guidance. 2006 edition. That examination includes a review of the accounting records kept by the PCC and è comparison of the accounts with those records. It also includes considering any unusual items or disclosure5 in the financial statements and seeking explanations from you as t..ustees concerning any such matters. The procedures undertaken do not provide a11 the evidence that would be reouired in an audit, and consequently I do not express an audit opinion on the view given by the actounts. Independent Examiner's Statement In connection with my examination, no matter has come to my attention.. 11 which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with sertion 41 of the Act- and to prepare financial statements, which accord with the accounting recordg and comply with the requirements of the Act and the Regulations have not been met,. or 21 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. David J Keates MBE 5 Marysgate Brewood Stafford ST19 9JA Date

st Mary and St Chad Church. Brewood Statement of Assets and Liabilities Iby fijndl As at.. 31 December 2021 Balan¢• Previous balance Cash At Bank And Sn Hand ISOO.. Uoyds TSB CuiTent kcount (neral lufid Unresth(knJ Resbid&J 4.00 / 10.00 / riiends ofSLNtsry& SIChad 14.00 1506.. Cash in Hand C£p,eral fund Unrestr(ed 5.114.00 1 15.408 001 / 12941.001 ncgcD11ets¢ Resrrided 1600.. Cooperative Bank Current kcount neral fup.d ue$tt&d 17,6.14 15.710.42 11.094.00 11.40., 581 18500 1312.(M)I 11,Q3 551 39353 FabricFup.O Ilknerall Churthprf Fu Friends of&Al£Tr &StChad Fund Designated Resthcthd Restrded 43.47 265.34 2b27.48- tksignaled You W(efield TrustlntÈie>i Resh(ed Cy0lellOn FaI¢FUnd IEndNedl Restr(led 704.00/ 7,(H)00 111,587491 19.548.33 21,536.43 Cash At Bank In Hand 21.536.43 19.268.33 Debtors 72001.. Monies Owed IOut¥tandlng Invoi£esl ned fund enOllet Unrtstr(tsd 38.00 Resth(ed 138.001 Debtors Inveslment$ 1501.. Uoyd5 TS8 Instant kcess COUnt neral tsjnd LhiresDic£d 1067 LacYFund (3ff¥xdTombs Fund Adford BEquÈ81 F8tllGFund lÈndoVdI Dp5ignatAJ Reslricl 56.23561 2.(MM. 1,771 07 11,749 71,608.87 1504.. CCLA Investment kcount Ffjends of& tsry& SICh LegaGyFuiTrd ResthLt2d tksionaied 2.852.79 * 44.6EQ.90 / 47,513.69 1505.. Wakefield Trust Interest kefjddTtU51 Intewl Resthcted 46156 117 Jarxjay 5..(É pm) Page 1 of2

Balance Prevlous balance 1¥ancYleO 1461.561 1513.. CCLA tJep051t A¢¢ount FaknicFund ICnerall Leg3CyFd (>ffard Tombs Fund D88ign8ted DpsignÈted Restrtt EDd0ent 8,452.27 / 11,64774 • 2.tMN 1,TT1.07 HLltsd Bequest 23.875.O8 1601: Coop¢rlve Bank In5tsnt ¢?55 kcount Unrestrd&1 1,221.84 42,154.35 1221. Pd¢ Fund le&31) CMrth3grd FuTrd Rid80f$ttsry&St(d Fund Desi9n8ted 42.137.39 1,895. 2.923.13 Resth Designated Designated tk51gnaled Oe51gnatsd 4.078.43 LaoYFUn oisasrFund 10.663.50/ 1336.501 108.00 54,039.69 52,228.33 Investments 125,428.46 / 123.837.20 ency ¢Ou¢S 6699: 444ency collections gen¢ycc41euion 704. 1,22044 704.00 1,220.44 etr)¢y Count8 704.00 1.220.44 Grand Total 146,280.89 148,885.09 117 3Y22 5."08 Fml P4e 2 of2

St Mary and St Chad Church. Brewood Balance Shget (Summary) Asat 3111212021 3111212020 Fixed assets Current a$setg InsTments 125.42846 / 21.657.43 1?8,70 19,268.33 CashA8ankPnd h Hand 147,085.89 143,105.53 abilities CreAikn3." kn(MJnts Falling Lhje In (@year I,L044 704.00 1,220.44 Net cuY¥ent assets les5 current liabilities 146,381.89 / 141,885.09 Total assets less Current liabilitie$ 146,381.89 t 141,885.09 Liabill¢les Total net assets less liabilities 146,381.89 / 141,685.09 Represented by Uniestricted Unrestraeo. Funds 18,5.98 22.060.53 0961gnated Designal-tSastrFu Desiwatdl-F3bricFund IC£ner311 Designal- Le9acyFund Designated-&gan Fund DesaaLed-Yotrth 108.(X) so.6.82 / 66,972.14 / 2.827.48 53231.39 55.899.14 3.766.48 11.423.S51 Restricted ResknclEd.Crt*rd Fund Restri¢Jed-Friends ofs ry&St(1 ResknLiÈd-CyffardTombs Fund RestrdBd-Wtskefidd Tntsiintsresi 43.47 494.41 3.11813 2,C4.(¥) 2,004. 855.09 Endow1 Endowment. Holford eeoJesl 1.771.07 1,77107 Fund Toials 146,298.89 141,885.09 117 Jarn•y 4..20 pnl Pagg 1 d 1

St Mary and St Chad Church, Brewood ststement of Financial Activities For the period from 01 January 2021 to 31 December 2021 fuN15 rtsc•lrts aJgIng C¢lleLon5 and othergiiiry rxoiLinl8rywipts GftAd recoKEred (Xher re1 Ripts from aumies Ttlal incrthe 46.034.50 / 5.359 16 17.81575 12.352 13 1207.141 / 10,868.00 46,Q3450 * 43257 5,359.16- 2.70126 17,815.75• 4.122 gs 12,352.130 9.496 LFJ 1207.141 • 949.m lo,868.) 10,122.m 2222AO< 70,648.33 92,222AO MssiJEaryand alltable C>vn9 PSh Share ffing wsts urd) Running Eynses Hall Running Costs urth Repairs & Winienanrg TLaleXrftUrè 556.50 / 53,474 OD 11.131fi/ 12,73459 / 2,45821 / 5,6&1.94 S3,474. 12.449.42 • 13.185.53 2.421" 5,6M.94 87MO8.60 79,487.47 4,413.BO / 18,839.141 51.ts13.CQ 8.605.89 15.458.45 I.6.44 2,723.69 1.317.65 86,040.01 { 1,768.59 41¥229 11,768.591 incrThellexFencStErel re5C4rS Wcetrafvr Trartsfers.. (¥055 translBrs bellenfL,ds- in oss traDsf8rs bebw funds. wt 11,211.95 111,674.511 46256 11.674.51 14,441.27 114,441271 Qllaerrec0gy5ed I b5ses inslosses w 1trerta5Sts (>ins on rEIatiOn, fi)Ed assets, (aritys(J¥ffl use 5.719.83 / 11a03> 4,413ts0 18039.141 FC111aoffwMlS T(rtalfuxSs f¢Award 133,642.39 471.63 / 1165.60 / 1,771.07¥ 146,29&89 1,771.07 141,885.09 191724.rJ TrAalfwds caryieéf¢Jrward 139,362.22 141B85.09 P¢w¢sertedty Ur,resu5d IneI rksign8ied Bell Fun Churth Hwse Refurt%shmenl Donats(whs Eisasler Fund Febri¢FUT ICn8tal legaCyFd (kgan Fund FtLiecL car &Twsurerts DiscrelonaryFuThJ Yl Resthd 1ww(L1ec urthyard &CtJttil un)Isprd Fund ends olStKÈry& Stcha QffardTumbs Fund UÈStrDon P£(x)L411 sion Fund- Loan Wakeffield Trust Interest Vbhitrhou5e- TnJst1913 Endovrneni Fabri¢Fund IEn(knwedl Holiord Bequest Wakefield Trust-TrJsl 1737 18.5. 18,95598< 22.060.93 108. SO,6(.62 53.231.39 66,972.14/ 55.899.14 2b27.48 * 3.766A8 so,6.82 66,972.14 2,827.48 11,423 551 138 001 138.ODI < 43.47 3,118.13 2,w.rJ) * 43.47 49141 3.118.13/ 3,118 13 2.004.00 < 2.W4. 855.( 1,771.07 1.771.07 1.71107 117 4..29 P48 1 of2

Tal PriNs trt21fur fu TXalfLThis 139,36222 / s127. 1,771.07 / 146,280.69 / I4185.09 117 2Q2 4..29 rml Page 2of 2

st Mary and St Chad Church, Brewood Analysls of income and expenditure Selected period.. 01 January 2021 to 31 December 2021 Total General Designated Restrlcied Endowment This year Last year Recei)ts Planned glVItI 1100- GfÈAdeAJ Dwabons 1101-aher anned &Mn9 39,448.w / 6,586. 39,448.00• 6.6.60 * 34,208.QO 9.049.00 Planned giving Totals 46,034.$0 46,034.50 43,257.00 Collèctlons and other giving 1110- Cdlecbons (Cren Ralel 1111- thtaLess gin9 4277.33 / 1,081 83/ S.359.16 Z 4.277.33/ 1.081&J 2.33t106 371.20 Collections and other giving Totals 5,359.16 2.701.25 Other voluntary receipts 1115- DwaDLThiS 1117- forchantieS 1118- Fund Raising Ents 1141- Le9a(ies 1174- Fn6nts &bscnpODllS 5.314.20 / 431./ s67./ 2.00 / 5.51420/ 3.404.98 431.Cx) . 567.00 - 11,)3. - 513.00 11,303.55 205.QQ Other voluntary receipts Totals 6.312.2 11,503.55 17,815.7s / 4,122.98 Gift Aid recovered 1102.1)ftK¥d and GbSDSrebnded 12.352.13 12.352.13 / 12,352.13 / 9.49fj.09 9.409 Gift id reeo¥red Tc+tals 12,352.13 other reGeipts 1120-QMdends &lnteresl 1151-ChuTth House Lethrys 1207.141 / 1207.1411 799.00 150.00 OtheT Teceipts Total$ 1207.141 1207.140 949.00 Receipt5 from church activitie5 1116-PCCFees io,pd.00 / 10,868.00 / 10.868.00 1 10.122.00 10,868.00 10.122.00 Receipts from church actSVities Totals Receipts Grand totsls 80,925.99 11.296.41 92.222.40 0,648.33 PaYnts Mlsslonaryand Charltable Giving 1360- (aMn9 kn charib.es 5%.50 Missionary and Charitable Giving Tota15 556.50 556.50/ Parish Share 13M- Parish S)a 53,474 00 53.474.00/ 51.(143.(M) 117 Jarw 2Q224.34 pm)

Total General DEsignatèd R&stricted Endowment Th¢s year Last year Parish Share Tota15 53.474.00 53.474.00/ 51,043.00 ClÈtgy and Staffing costs 1300.IA nSeS 1318. (J98fists SeAi Fees 1321-ge$ & Honcyaria 1330- Edub&T[alIryj 1331- Ms8ionCosts 44(KJ-WdkefiddTTusIRefund8 1.$87. 1.587 35 * 1.701.00 9,310.07- 80.00• (809.411 1.547 7,680.99 1,701.00 1.589.08 80.00 • 7.720.99 / 40.70 40.70 / 269.701 12.449.42 / 8.605.89 187.31 1269.701 / 1.317.65 CleTgy ond Staffing costs Totals 3,41Q.78 7,720.99 Church Running ExpollS•S 1301. Churth(kn and &ethtJty 1302- Churth InsuBncEs 5.031.40 4,836.57- 87.99• 5,031.40 4,.5B 4,636.57 • 4,646.93 87.99 1311. UpkeepofSeNc8S 1312- Licen and Fees 1.064 46 539.83• I,W.46- 0.58 1,283.05 57.80- 460.94 1,075.87 1,129 88 1.314 36 1313- Ccrtsumables andsundries 1315. &aboryC0stS 1316-Poslage 132O-Chwrhrd Kbirrtenan l340-FlI1(1tyC0s 1363-twerMry oJsts 20.75 128.00• 1.1.05 5780 450.94/ 2.144.42 12.74 12.74 30 160 55 Church Running Expert$ Totals 12,585.84 / 148.75 450.94 / 13,185.53 / 15.458.45 Hall Running Costs 31W-Chuth Housei>s. 8ethoty, 3101. C*w(h Houselkneral Costs 1,41141 1,046.80 / 2858.21 1,411.414 1046.80 / 1.135.08 S21.36 Hall Runnlng Costs Totals 2,458.21 * 1.656.44 Church Repair5 & Maintenance 1310- Mnor Repsirs I319-g3 an(5 Repairs 1352- FabricFund PLrthases 5.99 < 1.210.26 / 1.139.00 3.329.69 1.216.25 * 1.139.(M) 3.329.69 1.390.20 0.00 493.49 Church Repairs & Maintenance Tota15 5.99/ 5,678.95 5,684.94 2,723.69 PaYnts Grand totsls 72,491.32 13,548.69 1,768.59/ 87,808.60/79A87.47 117 Jtry 20 4..$1 Fml 2 gl 2

Parish of St Mary & St Chad, Brewood - Financial Statements for the Year Ended 31 December 2021 Accountin Policies The financial statements have been prepared in accordance with the Statement of Recommended Practice for Charities ISORPI and applicable accounting standard5 IFRSSEI or IFRS1021. The financial statements have been prepared under the historical cost convention. The financial statements include all transactions, assets and li2bilities for which the PCC is responsible in law. They do not include the account5 of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members. Descri tion of Funds Restricted and Designated funds comprise of two element5'.- al income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest bl donations or grant5 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. Unre5trirted funds are income funds which are to be spent on the PCC'S general purpose. Incomin Resources P13nned giving, collections and donations are recoEnised when received. 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. Dividends are accounted for when receivable, interest is accrued. All other income 15 recognised when it is receivable. All incoming resources are accounted for gross. Resources Ex ended 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 2re dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross. Fixed Assets Consecrated and benefice property is not included from the accounts by s.1012llal&lCI 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 lat any reasonable timel. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not V31ued in the financial statements.

Parish of St Mary & St Chad, Brewood - Financial Statements for the Year Ended 31 December 2021 Notes to accounts 11 Staff costs Mrs Cathy Short has been employed as Youth & Children's worker on a part time12 day weekl basis. All her salary payments, Nl payments and pension contributions were administered by Lichfield diocese who Direct Debit the church with a total sum each month. We were invoiced for organ playing by Mr lan Sharman, Mr Malcolm Colton-Lowe and Mr Dennis Cornes. 21 Fixed Assets Consecrated and benefice property is not included from the accounts by s.1012ll3l&lCI 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 dispos31 are inalienable property, listed in the Church's inventory. which can be insperted lat any reasonable timel. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. No fixed assets are declared for valuation at the end of 2021. End 2021 End 2020 Agency collections pending payment ILichfield Diocese) Total £704 £1,220 £1,220 £704 41 Wakefield Trust The Wakefield Trust is an investment held by the diocese ILichfield Diocese Trust No 17351 on OLtr behalf. It originates from a bequest of £17,003, given by Miss K Wakefield in 1980. Interest accruing can be claimed by the church in order to defray the expenses of the incumbent Ivicarl of St M3ry & St Chad The Wakefield Trust funds do not form part of the funds of the church, although interest payments are used to defray some agrèed expenses of the Vicar.

Tal PriNs trt21fur fu TXalfLThis 139,36222 / s127. 1,771.07 / 146,280.69 / I4185.09 117 2Q2 4..29 rml Page 2of 2