THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ASTON AND NECHELLS
Annual Report & Financial Accounts For The Year Ended 31st December 2020
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CONTENTS
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Aston & Nechells PCC 2020 Annual Report & Accounts
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ASTON AND NECHELLS
REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2020
The Parochial Church Council (PCC) is pleased to present its report and financial statements for the year ended 31 December 2020.
Objectives and activities
The purpose of the church, as stated in the governing documents, is "promoting in the ecclesiastical parish the whole mission of the church", and the main aim of the church in meeting its objects is the provision of “free regular public worship open to all”. The Parish of Aston and Nechells seeks to “show and share the love of Jesus" to everyone in the Parish regardless of age, gender, religion, ethnicity, dissability or sexual orientation.
Achievements and performance
How our activities deliver public benefit and who has benefited The main gathering point of the church usually occurs through Sunday services, with many activities occurring during the week. The current worshipping community of the parish is between 125 and 150, including a number who did not attend church during 2020 due to the constraints of the pandemic. The activities of the Church would not take place without significant contribution from volunteers; over 100 people are involved to ensure that the church is able to run them.
The year 2020 proved to be enormously difficult for our parish, due to the onset of Covid-19. As a result, for a large part of the year we were not allowed to meet, either in church for worship or elsewhere for other meetings. For most of the year, PCC and church committee meetings had to be conducted by Zoom, and even when we were allowed to resume church services in August 2020, we had to observe strict standards of social distancing and wearing facemasks, and no socialising or refreshments were allowed.
Fortunately, due to the technical expertise of our vicar David Lee, we were able to keep in touch with our parishioners each Sunday by means of a YouTube video, entitled New Every Morning. This proved to be a great encouragement to those who watched (sometimes over a hundred), and also to all the members of our congregations who contributed, for example by talking about their favourite Bible passage. These videos continued even when “live” services resumed, in recognition of the fact that not everyone felt comfortable about coming to church but wanted to stay in touch with our worship as a parish. Also, the videos were (and still are) being watched by others as well.
Ensuring that our activities deliver our aims
The PCC, staff and clergy regularly review the activities of the parish, looking at the success of each key activity, assessing the benefits to those attending, and planning future activities accordingly. Reference has been made to the Charity Commission's general guidance on public benefit.
Aston & Nechells PCC 2020 Annual Report & Accounts
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ASTON AND NECHELLS
PCC REPORT (continued)
Financial review
The principal funding for the parish of Aston and Nechells comes from giving by church members, grants from outside trusts, and income from lettings of parish buildings. The main financial highlights for the year are set out below.
Total income for unrestricted and designated funds was £129,121, of which £71,860 was voluntary income made up of: £61,154 from voluntary donations, £7,847 from Gift Aid, £1,000 from legacies and £1,858 in grants. Also, restricted voluntary income of £18,067 was received, as detailed in the financial statements. The global pandemic caused significant reductions in income from fundraising and hall hire. Fundraising decreased by £1.457, representing a 49% decrease, while hall hire decreased by £27,633, a 46% decrease.
£118,948 was spent from unrestricted funds to provide the Christian ministry from the parish of Aston and Nechells, representing a reduction of 33%. This decrease was due to a reduction in the running costs and activities because of long periods of closure or reduced use due to the global pandemic. Restricted expenditure in 2020 was £48,858.
There was a gain on investments during in the year of £9,582 (£204 unrestricted, £3,749 designated, £5,053 restricted and £846 endowment).
The net result for the year was a decrease in total funds of £8,200 made up of an increase in unrestricted and designated funds of £15,809, a decrease in restricted funds of £32,379, and an increase in endowment funds of £8,370. The total fund balances at the year end stood at £421,963 (unrestricted - £15,843: designated - £301,911; restricted - £83,149 and endowment - £21,060).
Reserves policy
The policy of the PCC is to maintain a balance on unrestricted general funds (if possible) which equates to approximately six months’ general running costs. The balance on general unrestricted funds at the end of December 2020 was £15,843, which does not meet the stated policy. The PCC plans to monitor this situation on a quarterly basis to ensure tight budgetary control.
Restricted funds: the PCC has a number of restricted funds and it is our policy to invest these funds, where practicable, though the Diocese with the CBF church of England Investment Funds. A summary of these funds, their purpose and a brief history is included on pages 16 to 17.
Plans for future periods
The PCC has approved a break even budget for 2021. Although we expect to be viable in funding all our local activities, we may not be able to pay the full amount of the Common Fund contribution for 2021 requested from us by the Diocese. This scenario is being repeated across the Diocese, which is discussing plans to mitigate some of the shortfall. Meanwhile, the PCC is taking actions to review and increase income, whilst having tight control of expenditure.
Aston & Nechells PCC 2020 Annual Report & Accounts
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ASTON AND NECHELLS
PCC REPORT (continued)
Structure, Governance and Management
Governing document The Parish of Aston and Nechells is governed by approved documents issued by the Church of England; the Parochial Church Council (Powers) Measure 1956 as amended, and the church representation rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended). The PCC was registered with the Charity Commission on 17 July 2013.
Recruitment and appointment ofPCC The PCC for the parish of Aston and Nechells is made up of elected members of each church who are on the electoral roll at the time of the Annual Parochial Church Meeting. They, together with the clergy licensed to the parish, administer the affairs of the parish.
The churchwardens of each church are also members of PCC and form a direct link between the Bishop and the parish. They see that the PCC carries out its responsibilities for the care, maintenance and insurance of the church, its contents, grounds and other buildings owned by the PCC. They also arrange to inspect the fabric of the church's premises at appropriate intervals and report to the annual parochial church meeting.
PCC induction and training When the PCC was registered as a charity in 2013, all members of the PCC were taken through their responsibilities as part of the process. Upon joining the PCC, these responsibilities will also be outlined to new trustees and as items come up on the agenda a background summary of the situation will be given to assist discussions.
Organisational structure
The PCC normally meets at least five times a year, with an agenda circulated to members in advance of each meeting. Each of the three churches in the parish has a specific committee which meet four times a year. Authority is delegated from the PCC to these committees in order to allow business that relates specifically to one church to be dealt with.
| Parochial Church Council (PCC) | |
|---|---|
| Members ofthe PCC, who are also | trustees for the purposes ofcharity law and who served during the |
| year and up to the date ofthe report, are set out below: | |
| Ven David Lee | Vicar (until 30 April 2021) |
| Rev Ivor Lewis | Associate vicar(appointed |
| Rev Giyanow Kaur | Associate priest |
| Ruel Bryan | Warden Emeritus, St James’s |
| Cephas France | Warden, St James’s |
| (William) GeoffMiller | Warden, St James’s (appointed 27 June 2021) |
| Joe Lewis | Warden, St Peter& St Paul |
| Dennis Cluley | Warden, St Peter& St Paul |
| Lynette Alleyne | St James’s |
| Mari Kaler | St James’s (until 27 June 2021) |
| Sharon Palmer | St James’s (appointed 27 September 2020) |
| Nigel Cripps | St Peter& St Paul |
| Flo Howells | St Peter& St Paul |
| Taliya Rubendran | St Peter& St Paul (appointed 27 June 2021) |
| Hilary Miller | Parish secretary |
| DavidFletcher | Parishtreasurer |
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ASTON AND NECHELLS
PCC REPORT (continued)
Responsibilities of the members of the PCC
The members of the PCC are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the members of the PCC to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the income and expenditure of the Charity for that period. In preparing the financial statements the members of the PCC are required to:
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select suitable accounting policies and apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent:
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on an ongoing basis.
The members of the PCC are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the governing document. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The PCC acknowledges the great amount of sacrificial time and energy that many in the church give and would like to thank everyone who has contributed to this ministry.
Reference and administrative information
Charity name: The Parochial Church Council of the Ecclesiastical Parish of Aston and Nechells (Parish of Aston and Nechells) Charity registration no: 1152917
Principal office and registered address:
Parish of Aston and Nechells, Witton Lane, Aston, Birmingham B6 6QA
Primary Bankers Independent Examiner HSBC Mrs Karen Hanlan, ACA 34 Poplar Road 12 Waterloo Close Solihull Wellesbourne Birmingham Warwickshire B91 3AF CV35 9JG
Approved by the PCC on 23 November 2021 and signed on its behalf by:
Nigel Cripps, PCC lay chair
David Fletcher, parish treasurer
Aston & Nechells PCC 2020 Annual Report & Accounts
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ASTON AND NECHELLS
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020
I report to the trustees on my examination of the financial statements of the Parochial Church Council of the Ecclesiastical Parish of Aston and Nechells (‘the Charity’) for the year ended 31 December 2020 which are set out on pages 7 to 20.
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 2011 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 2011 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:
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1) accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act: or
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2) the financial statements do not accord with those records; or
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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 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 financial statements to be reached.
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Date: 23/11/2021.
Karen Hanlan Independent Examiner Limited
12 Waterloo Close, Wellesbourne, CV35 9JG
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ASTON AND NECHELLS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Notes|Unrestricted|Designated|Restricted|Endowment|Total|2019|
|funds|funds|funds|funds|funds|total|funds|
|Income and endowmentsfrom:|
|Voluntary|income|(2a)|69,953|1,537|18,067|—|89,557|81,079|
|Activities|for generating|funds|(2c)|403|100|978|1,482|2,939|
|Investment|income|(2b)|98|12,148|1,588|—|13,834|9.450|
|Church|activities|(Qd)|31,367|13,515|—|os|44,882|86,042|
|Total income|101,821|27,300|20,634|—|149,754|179,510|
|Expenditure on:|
|Church|activities|(3a)|88.645|24,066|47,891|—|160,601|153,283|
|Costs of generating|funds|(3b)|345|5,894|967||7,205|26,079|
|Total expenditure|88,989|29,959|48,858|—|167,807|179,362|
|Net income / (expenditure)|before|transfers|12,831|(2,659)|(28,225)|—|(18,052)|148|
|Transfers|
|Gross|transfers|between|funds|—|in|(4)|5,000|3,838|=|7,524|16,362|-|
|Gross|transfers between|funds - out|(2,155)|(5,000)|(9,207)|=|(16,362)|-|
|Other recognised|gains /|losses|
|Gains|/|losses on|investment|assets|204|3,749|§,053|846|9,852|21,761|
|Gains on|revaluation,|fixed|assets,|charity's own|use||—||—|—|—|
|Net|movement|in|funds|15,881|(72)|(32,379)|8.370|(8,200)|21,909|
|Reconciliation offunds|
|Total|funds|brought forward|(38)|301,983|115,528|12,690|430,164|408,254|
|Total|funds|carried|forward|15,843|301,911|83,149|21,060|421,963|430,164|
|There may be minor discrepancies|in the totals because the pence are not shown.|
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Aston & Nechells PCC 2020 Annual Report & Accounts
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ASTON AND NECHELLS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Notes|Unrestricted|Designated|Restricted|Endowment|Total|2019|
|funds|funds|funds|funds|funds|total|funds|
|Income and endowments|from:|
|Voluntary|income|(2a)|69,953|1,537|18,067|—|89,557|81,079|
|Activities|for generating|funds|(2)|403|100|978|—|1,482|2,939|
|Investment|mcome|(2b)|98|12,148|1,588|—|13,834|9,450|
|Church|activities|(2d)|31,367|13,515|=|=|44,882|86,042|
|Total income|101,821|27,300|20,634|—|149,754|179,510|
|Expenditure|on:|
|Church|activities|(3a)|88,645|24,066|47,891|—|160,601|153,283|
|Costs of generating|funds|(3b)|345|5,894|967|—|7,205|26,079|
|Total expenditure|88,989|29,959|48,858||167,807|179,362|
|Net income|/ (expenditure)|before|transfers|12,831|(2,659)|(28,225)|—|(18,052)|148|
|Transfers|
|Gross|transfers|between|funds|—|in|(4)|5,000|3,838|—|7,524|16,362|—|
|Gross|transfers|between|funds|- out|(2,155)|(5,000)|(9,207)|=|(16,362)|=|
|Other recognised|gains /|losses|
|Gains|/|losses|on|investment|assets|204|3,749|$,053|846|9,852|21,761|
|Gains|on|revaluation,|fixed|assets,|charity's own|use||—||—|_|—|
|Net movement|in|funds|15,881|(72)|(32,379)|8,370|(8,200)|21,909|
|Reconciliation offunds|
|Total|funds|brought|forward|(38)|301,983|115,528|12,690|430,164|408,254|
|Total|funds carried|forward|15,843|301,911|83,149|21,060|421,963|430,164|
|There may be minor discrepancies|in the totals because the|pence are not shown.|
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Aston & Nechells PCC 2020 Annual Report & Accounts
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ASTON AND NECHELLS
BALANCE SHEET AS AT 31 DECEMBER 2020
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Notes|Unrestricted|Designated|Restricted|Endowment|At3i/12/2020|—|At3i/12/2019|
|Fund|Funds|Funds|Funds|
|£|£|
|Fixed|assets|
|Tangible|assets|(8)|x—|11,802|—|—|11,802|13,151|
|Investments|(8)|—|125,000|—|=|125,000|125,000|
|Fixed|assets||136,802|—||136,802|138,151|
|Current|assets|
|Cash|at|bank|and|in|hand|(9)|3,410|104,206|22,632|_|130,247|147,634|
|Investments|(10)|204|63,202|62,790|21,060|147,257|135,924|
|Stock|(i)|—|—|—|—|a|40|
|Debtors|(12)|15,807|~|—|—|15,807|24,198|
|Current|assets|19,421|167,407|85,422|21,060|293,311|307,797|
|Liabilities|
|Creditors:|amounts|falling due|in|one|year|(13)|3,579|2,298|2,273|—|8,150|15,784|
|Net current|assets|less current|liabilities|15,843|165,109|83,149|21,060|285,161|292,013|
|Total|assets|less current|liabilities|15,843|301,911|83,149|21,060|421,963|430,164|
|Total|net|assets|less|liabilities|:|15,843|301,911|83,149|21,060|421,963|430,164|
|Funds of the church|15,843|301,911|83,149|21,060|421,963|430,164|
|There may be minor discrepancies|in the totals ifthe|pence are not being shown|
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ASTON AND NECHELLS
NOTES TO THE ACCOUNTS
1. Summary of significant account policies
General information and basis of preparation
The PCC is a public benefit entity within the meaning of FRS102. 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 under FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Report by Charities (SORP(FRS102)).
Assets
Consecrated and benefice property
Consecrated and benefice property is excluded and not capitalised in the financial statements in accordance with the Charities Act 2011.
Fixed assets
In accordance with FRS02 investment properties should be carried at their fair value and professionally valued every five years.
As the property has only recently been considered an investment property a revaluation has not yet been sought. The property is therefore valued at its original purchase price.
Depreciation has been provided on church equipment on a straight-line method based on the estimated economic life of the asset, which is:
- e 4 years in the case of fixtures, fittings and equipment. e 10 years in the case of Suez Grant heaters.
Investments
Investments are recognised at their quoted market price. Unrealised gains or losses are calculated as the difference between the fair value at the year end and their carrying value.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ASTON AND NECHELLS
NOTES TO THE ACCOUNTS (continued)
1. Summary of significant account policies (continued)
Funds
The financial statements have been prepared using fund accounting, whereby income, expenditure, assets & liabilities are classified by fund. The 2 types of fund classification present in these accounts are:
|. Unrestricted funds (general and designated):
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a. General funds are available for use at the discretion of the PCC in delivering the aims and objectives of the charity.
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b. Designated funds are funds that have been set aside by the PCC for a particular purpose from the general fund.
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Restricted funds represent grants, donations and legacies received which are allocated by the donor for a specific purpose.
The purpose of funds held by the charity are set out in the notes to the financial statements.
3. Endowment funds
These are funds that are required to be held in order to generate income for the charity. The funds themselves are protected and cannot be spent but the income generated may be spent to further the purpose of the charity.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ASTON AND NECHELLS
NOTES TO THE ACCOUNTS (continued)
2. Income
| General funds |
Designated funds |
Restricted funds |
Total funds |
Last Year |
|
|---|---|---|---|---|---|
| a) Voluntary income |
|||||
| Planned giving | 52.688 | _ | 1,000 | 53.688 | 48,002 |
| Collections at service | 7,967 | — | — | 7,967 | 5.614 |
| Donations& appeals | 108 | 21 | 6,529 | 6,658 | 3.490 |
| GiftAid | 7,847 | — | _ | 7.847 | 9185 |
| Legacies | 1,000 | _ | — | 1,000 | — |
| VAT Reclaim | 342 | 1,516 | 288 | 2.146 | — |
| Grants | — | — | 10,251 | 10,251 | 14,788 |
| b) Investment income |
|||||
| Rental Income | — | 10,475 | = | 10,475 | 6.213 |
| Dividends | _— | 1.673 | 1,588 | 3.261 | 3,213 |
| Bank& Deposit Interest | 98 | — | — | 98 | 24 |
| 98 | 12,148 | 1,588 | 13.843 | 9.450 | |
| c) Activities forgenerating |
funds | ||||
| Events Fundraising | 403 | — | — | 403 | 2,405 |
| Regular Fundraising | _ | 100 | 978 | 1,078 | 534 |
| nee | |||||
| d) Church activities |
|||||
| Church Hall hire | 24,233 | 8.172 | _ | 32.405 | 60,038 |
| Parochial fees | 3,594 | _— | — | 3,594 | 7,323 |
| Other Income | 3,450 | 5.343 | — | 8.883 | 18,681 |
| 31.367 | 13,515 | _ | 44.882 | 86,042 |
Aston & Nechells PCC 2020 Annual Report & Accounts
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THE PAROCHIAL CHURCH COUNCIL O-F THE ECCLESIASTICAL PARISH OF ASTON AND NECHELLS
NOTES TO THE ACCOUNTS (continued)
3. Expenditure
| 3. Expenditure | ||||||
|---|---|---|---|---|---|---|
| General funds |
Designated funds |
Restricted funds |
Total funds |
2019 | ||
| a) Church activities |
||||||
| Common Fund | 32,000 | _— | _— | 32,000 | ||
| CharitableGiving | 3,600 | 183 | — | 3,783 | ||
| Clergy& StaffExpenses | 3,198 | _ | = | 3.198 | ||
| ChurchStaffing | 14.465 | — | — | 14,465 | ||
| Mission& Outreach Work | 150 | — | _ | 150 | ||
| ChurchServiceRunning | 996 | — | — | 996 | ||
| Church Office&Admin Costs | 870 | _ | —_— | 870 | ||
| Church Utilities | 5,528 | _ | — | 5,528 | ||
| Church Insurance | 12,353 | — | - | 12,353 | ||
| ChurchSafety&Security | . | ~3,756 | _ | — | 3.756 | |
| ChurchCleaning | 603 | — | — | 603 | ||
| APC Restoration& Maintenance | 1,005 | 6,132 | 45.438 | $2,575 | ||
| StJamesMaintenance | 1,703 | _— | _— | 1,703 | ||
| Church Hall RunningCosts | 1,829 | 6,852 | — | 8,681 | ||
| Church Hall Utilities | 2,516 | 2,833 | = | 5,349 | ||
| ChurchCentre RunningCosts | — | 2.926 | _— | 2,926 | ||
| ChurchCentre Utilities | — | 2,638 | — | 2.638 | ||
| Manor RoadOverheads | _ | 452 | _ | 452 | ||
| Professional fees | 1,250 | _ | = | 1,250 | ||
| Depreciation | _ | 1,349 | — | 1.349 | ||
| PCC Expenses | 428 | _ | _ | 428 | ||
| Other Expenditure | 2,395 | 701 | 2,452 | 5,550 | ||
| 88,645 | 24,066 | 47,891 | 160.601 | 153,283 | ||
| b) Costsofgenerating funds |
||||||
| Centre FlatCosts | = | 4419 | — | 4419 | ||
| ManorRoadOverheads | —_ | 1,475 | _ | 1,475 | ||
| RegularFundraising | — | 967 | 967 | |||
| Givingcosts | 345 _— — 345 5 SOSO”~—SNSC~C“‘CONSCNCOC‘;OSS””~~~~~~*~«G SOTO |
Aston & Nechells PCC 2020 Annual Report & Accounts
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ASTON AND NECHELLS
NOTES TO THE ACCOUNTS (continued)
4. Transfers between funds
| Note | General | Designated | Restricted Funds |
Endowment Funds |
Total | |
|---|---|---|---|---|---|---|
| Clergy Housing DesignatedFundtoGeneral Fund | 5,000 | (5,000) | _ | -_ | ||
| General Fund toRestoration BellsDesignated Fund | 2 | (660) | 660 | _ | i | rr |
| General Fund toAPC Restoration Designated | 3 | (1.495) | 1,495 | _ | _ | ia |
| APC Restoration toEndowment | 4 | -_ | a | (7,524) | 7,524 | i |
| APC Traidcraft Res toAPC Traidcraft Des | 5 | ~ | _— | ee | ~ | a |
| 2,845 | (1,162) | (9,207) | 7,524 | — |
1 £5,000 Designated Clergy Housing fund transferred to General Fund as proceeds from rental of PCC properties after maintenance & upkeep costs have been deducted.
. £660 General Fund transferred to Designated Restoration Bells Fund for the bell fee proportion of wedding fees received in previous years.
3 £1,495 General Fund transferred to Designated APC Restoration Fund for part of the organ repair work.
4 £7,524 APC Restoration Fund transferred to Higgins Endowment Fund as the investment was found to be an endowment following an investigation.
- £1,683 APC Traidcraft Restricted transferred to APC Traidcraft Designated as it was found not to be restricted.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ASTON AND NECHELLS
NOTES TO THE ACCOUNTS (continued)
5. Unrestricted fund movements
| Fund andtype | Fund balances brought forward |
Income | Expenditure | Transfers | Gains and |
Fund balances carried forward |
|
|---|---|---|---|---|---|---|---|
| Losses | |||||||
| Unrestricted | |||||||
| General Fund | (38) | 101,821 | 88.989 | 2.845 | 204 | 15,843 | |
| Sub-totals | (38) | 101,821 | 88,989 | 2,845 | 204 | 15,843 | |
| Designated | |||||||
| APCChurchCentre Fund | 7AI8 | 3,449 | 10,278 | _ | _ | 589 | |
| APC Traidcrafi Store | = | — | 1.683 | _ | 1,683 | ||
| APC Hawthorne Fund | 50,000 | — | _ | — | — | 50,000 | |
| Amy Rice Fund | , | 12.441 | — | — | — | 829 | 13.270 |
| Clergy Housing Fund | 12,958 | 10,400 | 2,374 | (5,000) | — | 15,984 | |
| No68 Manor Road | 125,000 | — | _— | _ | — | 125,000 | |
| St James Building Fund | 821 | — | — | — | _ | 821 | |
| St Matthews Building Fund | 4,970 | _ | _ | — | — | 4,970 | |
| St MatthewsCommunity Hall Fund | 20,186 | 8.614 | 9,827 | _ | a | 18,973 | |
| Suez Heaters Grant Fund | 13.151 | — | 1,349 | _— | — | 11.802 | |
| Winifred Fund | 26,042 | 789 | = | 1,779 | 28.610 | ||
| APC Restoration Fund | 28,997 | 1,562 | 2,985 | 1,495 | 1,141 | 30,210 | |
| APC Restoration - Bells | _ | 660 | 660 | —_— | _ | ||
| APC Restoration - East Window | — | 30 | 30 | — | — | — | |
| APC Restoration - Lead Replacement | — | 2,302 | 2,302 | _ | = | = | |
| APC Restoration - Spire | — | 16 | 16 | _— | — | _ | |
| APC Restoration - Tower Steps | — | 139 | 139 | — | — | = | |
| Sub-totals | 301,983 | 27,300 | 29,959 | (1,162) | 3,749 | BOLI |
Unrestricted fund purposes:
General fund:
» Available for use at the discretion of the PCC in delivering its aims and objectives.
Aston & Nechells PCC 2020 Annual Report & Accounts
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ASTON AND NECHELLS NOTES TO THE ACCOUNTS (continued)
Designated funds:
-
» APC Church Centre fund is used for the income & expenditure associated with day to day running of the church centre.
-
APC Traidcraft store is used for income & expenditure associated with the running of the Traidcraft store.
-
» APC Hawthorne fund was a large legacy designated to facilitate the meaningful spending of the legacy. > Amy Rice fund is a bequest from a member of the congregation that was designated to restoration of the Aston Parish Church
-
Clergy Housing fund is used for upkeep of the Vicarage & Curates House, the fund is also used for rental income received from the Curates House.
-
» No 68 Manor Road is the designation of the capital value of the No 68 Manor Road property (curate’s house).
-
» St James’s Building fund is used towards the maintenance of St James’s Church. >» St Matthew’s Building fund is used towards the maintenance of St Matthews Hall.
-
St Matthew’s Community Hall fund is used for the income & expenditure associated with the day to day running of the St Matthews Hall.
-
Suez Heaters Grant fund is used for the tangible value of the heaters that were installed as a gift in kind from Suez & the depreciation of them over their usual life.
-
» Winifred Fund was the result of a gift from an individual. > APC Restoration fund is used for maintenance & restoration of Aston Parish Church. > APC Restoration fund - Other are series of designated funds towards various projects associated with the maintenance and restoration of Aston Parish Church.
Aston & Nechells PCC 2020 Annual Report & Accounts
16
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ASTON AND NECHELLS
NOTES TO THE ACCOUNTS (continued)
6. Restricted fund movements
| Fundand type | Fund balances broughtforward |
Income | Expenditure | Transfers | Gainsand Losses |
Fund balances carried forward |
|---|---|---|---|---|---|---|
| Restricted | ||||||
| 8th Battn Royal Warwickshire | 24.490 | = | = | — | 2,344 | 26,834 |
| WeaverFund - Youth Work | 1.467 | 1,000 | 60 | —_ | _ | 2,407 |
| Allen Short Memorial Bell Fund | 10,168 | — | _ | _ | 678 | 10,846 |
| Khotra Fund - IndiaChurch | 5,693 | _ | 60 | _— | - | 5,633 |
| Hymn Books | — | 211 | _— | _— | o | 211 |
| Malawi | 498 | — | 431 | _ | — | 67 |
| Somme Fund | 5.040 | = | 1,842 | — | — | 3,198 |
| Tithe Redemption | -22,857 | 692 | — | _ | 1,561 | 25.110 |
| APC CentreToilet Refurbishment | — | 475 | = | os | = | 475 |
| APC Church Traidcraft Store | 1,671 | 978 | 967 | (1,683) | = | _ |
| APC Restoration Fund | 43,643 | 285 | 29,728 | (7.524) | 470 | 7,146 |
| APC Restoration - Bells | — | 1,329 | 957 | — | — | 372 |
| APC Restoration - East Window | — | 5,000 | 5,000 | _— | _ | — |
| APC Restoration - Lead Replacement | _ | 29 | 29 | = | a | = |
| APC Restoration -Spire | _ | 9,784 | 9.784 | — | _ | — |
| APC Restoration -Toilets | _ | 850 | — | — | = | 850 |
| Sub-totals | 115,528 | 20,634 | 48,858 | (9,207) | 5,053 | $3,149 |
| Endowment | ||||||
| Feeney Endowment | 12.690 | _ | _ | — | 846 | 13,536 |
| Higgins Endowment | — | _— | _ | 7,524 | _ | 7,524 |
| Sub-totals | 12,690 | = | — | 7,524 | 846 | 21,060 |
Aston & Nechells PCC 2020 Annual Report & Accounts
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ASTON AND NECHELLS
NOTES TO THE ACCOUNTS (continued)
Restricted fund purposes:
-
8th Battalion Royal Warwickshire Regimental fund result of public fund raising for the conservation of the war memorials.
-
Weaver fund is towards youth work at Aston Parish Church.
-
Allen Short Memorial Bell fund was a bequest towards the conservation of the bells. > Khotra fund is towards building a church in India. > Hymnbook fund is towards the purchase of new hymnbooks as and when required.
-
» Malawi fund was money collected towards the BDF Malawi fund.
-
Somme fund consists of money collected for the Somme centenary, with grants which are being discussed with the provider.
-
» Tithe redemption fund is towards repair to the church chancel. > APC Centre toilet refurbishment is towards the refurbishment of the toilets at the Church Centre. > APC Restoration fund is from voluntary income towards the maintenance & restoration of Aston Parish Church.
-
APC Restoration - Bells is a fund towards the maintenance & upkeep of the bells at Aston Parish Church. > APC Restoration - East Windows is towards the repair of the east window at Aston Parish Church. > APC Restoration - Lead Replacement is towards the replacement and repair of the lead on Aston Parish Church.
-
APC Restoration - Spire is towards restoration of the spire of Aston Parish Church. > APC Restoration - Toilets is towards the refurbishment of the toilets at Aston Parish Church.
Endowment Fund Purposes:
-
Feeney Endowment fund for the repair of the Chancel and Chapel of the Parish Church of Aston and the Feeney monument and fittings in said Church.
-
Higgins Endowment fund is Mr Alfred Higgins’ gift in memory of his wife Annie, the sum to be invested to provide the capital to purchase new hymn books as and when needed.
Aston & Nechells PCC 2020 Annual Report & Accounts
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ASTON AND NECHELLS
NOTES TO THE ACCOUNTS (continued)
7. Staff costs
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|||||||
|---|---|---|---|---|---|
|2020|2019|
|Total|Total|
|Wages &|Salaries|14.276|13,972|
|Social|Security|Costs|117|89|
|Pension|Costs|72|—|
|14,465|14,061|
|The|average|number of|employees|2|2|
----- End of picture text -----
During the year, no employee earned £60,000 per annum or more.
There are no other disclosable transactions in respect of PCC members, persons closely connected with them or other related parties.
8. Fixed assets for use by PCC
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||||||||
|---|---|---|---|---|---|---|
|Curate’s|house|Heater|
|Total|
|Cost or Valuation|At|||January 2020|125,000|13,488|138,488|
|Additions||||
|Revaluation|Gain|/|(Loss)||||
|At|31|December 2020|125,000|13,488|138,488|
|Depreciation|At|||January 2020|~|337|337|
|Charge|for the year|~~|1349|1,349|
|Disposal|—|=|“|
|=|1,686|1,686|
|Net Book|Value|At 31|December 2020|125,000|11,802|136,802|
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Aston & Nechells PCC 2020 Annual Report & Accounts
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ASTON AND NECHELLS NOTES TO THE ACCOUNTS (continued)
9. Cash at bank and in hand
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|||||||||
|---|---|---|---|---|---|---|---|
|2020|2019|
|Total|Total|
|Current|Account (APC &|St James)|7,506|2,944|
|Current|Account|(St|Matthews)|16,492|10,153|
|Current|Account (APC|Centre)|728|4,961|
|Petty Cash|126|82|
|24,852|18.140|
|Short-Term|Deposits|
|HSBC|Deposit Account|5,100|5,095|
|CCLA|2181D|258|257|
|CCLA|7001D|3,495|3.604|
|Diocesan|Decorating Fund|8,280|5.280|
|17,133|14,236|
|Group/ Fund Accounts:|
|CAF APC|Restoration|Account|70.887|98,839|
|CAF Clergy|Housing|Account|7,704|7,678|
|CAF|Traidcraft|Store|1,683|1632|
|CAF|Weaver|2.356|1.416|
|CAF|Khotra|5,633|$.693|
|88.263|115.258|
|Total|Cash|At|Bank &|In|Hand|130,247|147,634|
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10. Investments
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Market value|Additions|Revaluation|gain|/ (loss)|Market|Value —|
|||January|31|December|
|CCLA|Higgins Endowment|7,054|=|470|7,524|
|CCLA|Feeney|Endowment|12,690|—|846|13,536|
|CCLA|Allen|Short|Memorial|Bell|10,168||678|10.846|
|CCLA|Winifred|26,042|789|1,779|28,609|
|CCLA Amy|Rice|Bequest|12,441|a|829|13,270|
|CCLA|St James|Building|3,067||204|3,271|
|CCLA|Tithe|Redemption|22,857|692|1,561|25,110|
|CCLA|8th|Battn|Royal|Warwickshire|24,490|_|2,344|26,834|
|CCLA APC|Floor &|Heating|17.114|=|1,141|18,255|
|135,924|1,481|9,852|147,257|
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Aston & Nechells PCC 2020 Annual Report & Accounts
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THE PAROCHIAL CHU RCH COUNCIL OF THE ECCLESI ASTICAL PARISH OF ASTON AND NECHELLS
NOTES TO THE ACCOU NTS (continued)
11. Stock
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||||||
|---|---|---|---|---|
|Total|
|Cost:|
|Brought|forward|1" December 2020|40|
|Additions|~|
|Disposals|(40)|
|Book|Value|31%|December 2020|~~|
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12. Debtors
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|||||
|---|---|---|---|
|2020|2019|
|Total|Total|
|Trade Debtors|.|6,958|9,185|
|Other Debtors|8,759|15,013|
|90|—|
|Total|Prepayments|
|a|
|Total|Debtors & Prepayments|15,807|24,198|
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13. Creditors
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|||||
|---|---|---|---|
|2020|2019|
|Total|Total|
|Church|Liabilities:|
|Other Creditors|4,627|12,430|
|Accruals|3.450|3.354|
|Agency Collections|73|_|
|NN|
|Total|Liabilities|8,150|15,784|
|~|=|
|Deferred|Income|
|ee|
|Total Liabilities & Deferred|Income|8,150|15,784|
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Aston & Nechells PCC 2020 Annual Report & Accounts