# < **Annual Report and Financial Statements of the Parochial Church Council of The Parish of Bloxwich** **For the year ended 31[st] December 2020 Registered Charity Number: 1159897** _Page 1_ ## **The Parochial Church Council of The Parish of Bloxwich** # **Trustees’ Annual Report for the year ended 31[st] December 2020** **Charity registration number: 1159897** ## **Objectives and Activities** The Parochial Church Council of The Parish of Bloxwich (the PCC) has the responsibility of co-operating with the incumbent, however currently Bloxwich are in vacancy and have been since October 2019 so the Reverend Chris Davies [Team Vicar], in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelical, social and ecumenical. The PCC is also spiritually responsible for the maintenance of the church The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at all three Churches All Saints, Holy Ascension and St Thomas along with the work of the Youth Church at St James’. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer, scripture, music and sacrament. Also, through non sacramental activities of hospitality and fellowship we aim to reach non churched members of the community. ## **Public Benefit** The trustees of the 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 Bloxwich, 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. ## **Achievements and Performance** ## **Impact of the Coronavirus Pandemic** ## **Worship** From January through to 15[th] March we held our regular pattern of worship; that being services every Sunday at all churches within the team as well as Wednesday communion services which were attended each week by a different year group from the All Saints national Academy school. After this date services of worship have been impacted significantly by the Coronavirus. From 22[nd] March to 26[th] July there were no acts of Public worship. From 2[nd] August to 8[th] November we met for worship twice each Sunday; morning worship at 10am or 11am at one Church and evening worship at 6pm again in one church, rotating each week around the team. From 15[th] November to 29[th] November again there were no acts of public worship. From 6[th] to 28[th] December we followed the same pattern as mentioned above. In addition to this we managed a Carol Service in each Church and one Communion Service on Christmas Eve and Christmas day. Messy Church went online twice during the later part of the year and was a great success. We have uploaded weekly acts of worship during both lockdowns and whilst we have been able to gather for public worship. Feedback suggests that this has been really helpful. Online morning prayer has been said every Tuesday since March. _Page 2_ ## **Occasional offices** Baptisms and weddings again have been significantly impacted by the virus. Funerals, whilst numbers have been consistent with normal years, the way in which funerals and pastoral contact have been conducted has been very different in order to keep staff and mourners safe. In 2020 there were - 72 Funerals - 8 Baptisms - 4 weddings ## **Other activities** Community events including coffee morning and fayres have again ceased during the pandemic. In addition, most of our hall hire has been cancelled as groups have not been able to meet during the pandemic. The year-long Living faith discipleship course which began in Autumn 2019 continued till March and managed to complete two of the three terms. The group was consistently 20 people strong. Confirmation: a number of people have expressed an interest in being confirmed however due to the Pandemic the planned Confirmation Service was postponed. The Greenhouse initiative which seeks to establish Fresh Expressions of Worship has also been hampered by lockdowns. However, we have taken this opportunity to harness the use of Social Media and are beginning to try to build connections with young families through online activities. ## **Communications** The production of our monthly magazine ceased early in the year as sadly our Editor George passed away. Since then we have produced a monthly newsletter which has been distributed both electronically and as hard copies to all Electoral roll members. The downside to this is newsletter contain no advertising and are produced without charge. This will mean a downturn in income from both sales and advertising. ## **Fabric of the buildings** Reports on the fabrics of each District Church are recorded in the individual Annual Reports of those District Churches. **Electoral roll** The newly formulated Electoral Roll showed an overall decrease at the October 2020 APCM as follows: All Saints’ District: 79, a decrease of 3 St Thomas’ District 54, no change Holy Ascension District 57, an increase of 1 ## **Ecumenical** Again hampered by Covid; in January we met with other Churches in Bloxwich and Blakenall to take part in the week of prayer for Christian Unity. ## **Safeguarding** Designated Safeguarding Officers for each church continue to be in place as well as the parish coordinator Nicola Padmore. **Parish Share** An increase in share was paid by Holy Ascension and All Saints with St Thomas’ figure being frozen. It was agreed that the increase from 2019 which had been paid from St James accounts, should this year be absorbed by each church respectively. All Parish share amounts are now paid by Direct Debit or Standing Order directly to the Diocese. ## **Governance** The PCC met on 6[th] January for the Pre section 11 meeting with Archdeacon in relation to the Rector vacancy; this was followed by the Section 11 meeting on 15[th] January Individual church DCC and Parish-wide PCC meetings have been few, mainly meeting to approve accounts in readiness for AGM’s and the APCM. Some decision made, particularly around the cancelling of services and of Furloughing staff have been conducted electronically. **APCM** The meeting was pushed back in the year due to Covid to 25[th] October 2020 and was held at Holy Ascension church. Due to the Covid Restrictions the Diocese have said that there will be no Archdeacon’s Visitations meeting taking place this year. Instead we have been asked to swear Wardens in within the Parish. A note of thanks was recorded to Helen Hardwick who has stood down from the role of PCC secretary. **Significant issues for 2021** Our Main areas of work this year is likely to centre around the following: - Focusing on the process to advertise for and the appointment of a Team Rector. _Page 3_ - Replacing the heating system at All Saints which was condemned in 2018. - Focusing on the significant repair work to the Tower and Roof leaks at All Saints. - Professional fundraising to support the two above mentioned building schemes. - Managing finances which have taken a huge hit in 2020. Explore through the Greenhouse Project the establishment of a Fresh Expression of Church. ## **Overall impact of Coronavirus** The effects of the virus have been both positive and negative. Positive impact is that our online presence has been much enhanced and we feel this will continue to be the case even after we are able to meet together for public worship. Although different, I would think that our Pastoral contact with members has been increased through the offers of informal contact from individual church members. On a less positive note; income in all of the churches have been significantly reduced due to less opportunity to receive planned giving and hall hire. ## **Financial Review** ## **PCC of Bloxwich** Net Total Assets: £213,373 Deficit: (£31,519) – Unrestricted Deficit (£40,580) **All Saints Accounts** : Net Total Assets: £154,717 Receipts: £59,639 Payments: £86,988 Deficit – (£27,349) - Unrestricted Deficit (£29,773) Receipts have decreased from £95,744 in 2019 to £59.639 in 2020 – this is no surprise but the main areas are collections fees for weddings and funerals and Church Hall lettings. Payments have also reduced but not by the same percentage whilst Church maintenance has reduced from £4,379 to £860 Hall maintenance and increased from £585 to £10,794. On the flip side Church electricity has reduced from £9,145 to £3,037. Parish Share support receipt of £6,434 has been posted against donations with the payment of £6,434 being posted against Parish Share – Parish Share has been paid in full. Furlough receipts of £2,003 have been posted against Non-recurring grants with full salary being posted against Other salaries. It has been a tough year financially for All Saints but Revd Chris Davies has begun a forensic look at the finances – which is long overdue. We have identified a restricted fund ES Wilkes was for the General purposes of the Church – once the PCC has agreed this will be transferred into the General fund £3,083. It would appear that the General fund is overdrawn by (£30,605) which has increased from (£1,844) in 2019. Designated funds hold £642. The DCC/PCC will be considering transferring the designated funds to General. Whilst this will reduce the overdrawn position to (£29,963) it still means that All Saints are spending restricted funds. This year All Saints finances have been hit hard because of Covid – hopefully this can be turned around in 2021 if and when we get back to normal. ## **Holy Ascension Accounts** : Total Assets: £34,987 Receipts: £24,262 Payments: £19,415 Excess: £4,848 Unrestricted deficit (£1,943) Holy Ascension’s receipts have reduced from £55,406 in 2019 to £24,263 in 2020 this due in part to donations for the building fund - £18,000. However unrestricted receipts have still reduced by £15,000 when comparing with 2019. On a positive note payments have also reduced from £36,788 to £19,415 [£17,000] – Unrestricted payments have seen a reduction of £7,613. Parish share support has been posted as a donation of £1,650 and a payment of the same amount from Parish Share. Parish share was paid in full. Holy Ascension at year end have £1,184 in general fund but hold £5,988 in reserves but need to keep a close eye on receipts and payments during 2021 _Page 4_ ## **St Thomas Accounts** : ## Total Assets: £10,341 ## Deficit – (£7619) Unrestricted deficit (£7,464} The deficit is down to a number of things. St Thomas income has reduced from £49,018 to £14,328 but 2019 does include the grants for major work of £26,188 so if we take this out of the equation the income would show £22,830. So there has still been a reduction of £8,502. Planned giving has reduced by nearly £2,000. Tax recoverable has reduced by £700 but the main contributor to the reduction in income is the Church Hall lettings which have reduced by £3,600. Expenditure has also reduced from £84,382 to £21,496 but again the payments for the major work was included at £50,224. If we take this out of the equation the expenditure has reduced by £12,212. It is clear that 2021 is going to be challenging. Whilst Parish Share has been frozen St Thomas’s share is £14,957 with their total assets currently £10,341. Lets hope for a better year in 2021 ## **Bloxwich Youth Church/Parish Magazine** : ## Total Assets: £8,479 ## Deficit - (£1,401) – Unrestricted Deficit (£1,401) The income has reduced from £7,567 to £2,278 – not surprisingly the main contributor is the reduction in Church Hall lettings. The Magazine sales have also reduced but some of the Churches have not paid over their collections so that has contributed to the reduction. Expenditure has also decreased from £9,510 to £3,679. The main contributors are not paying toward the Parish Share and Church maintenance. ## **Reserves Policy** It is PCC policy to try to maintain a balance on free reserves (net current assets) which equates to at least three months unrestricted payments. This is equivalent to £32,024. It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves at the year end was (£4,313) which is significantly lower than this target. ## **Investment Policy** The charity is granted power to invest in suitable investments under the PCC Powers Measure 1956 and the Trustees Act 2000. As a charity, the Trustees have a duty of care to take such advice as is appropriate before investments are undertaken. This advice is sought from the Central Board of Finance (CCLA) in London. The charity’s investment policies are based on two key principles: - - Ethical Investment – this includes ensuring that investments are held in companies which have high standards of corporate governance and act in a responsible way towards stakeholders. - Long-term responsibilities – the trustees are aware of their long-term responsibilities in respect of the Restricted and Unrestricted reserves and as a result follow a prudent approach to investment decisions. Investment policy for long-term funds is aimed primarily at generating a sustainable income, with due regard to the need for the preservation of capital value, and the possible need to realise investments to meet operational needs. The charity does not have a policy of generating income at excessive or high risk – known as “purchasing income”, where high returns are guaranteed at the expense of capital. In summary, the charity has an overall policy to maximise income while preserving the real value of its funds. Due to the nature of the charity, an ethical investment policy is taken into consideration when investments are made: The charity follows the Ethical Investment Advisory policy as recommended by the Lichfield Diocese which includes the following: - “We aim to invest in companies that: - will develop their business in the interests of shareholders; - demonstrate responsible employment practices; - are conscientious concerning issues of corporate governance, the environment and human rights; - are sensitive to the community in which they operate.” Planned giving, collections and donations are the main sources of fund raising along with tax recoverable. ## **Safeguarding** The PCC believe they have fulfilled their duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). _Page 5_ ## **Reporting Serious Incidents** A Serious Incident is an adverse event, whether actual or alleged, which results in or risks significant harm to the charity’s beneficiaries, employees, office holders, volunteers or to others who come into contact with the charity through its work, loss of the charity’s money or assets, damage to the charity’s property or harm to the charity’s work or reputation. The trustees are not aware of any Serious Incidents in the last year ## **Fundraising** The PCC takes it fundraising responsibilities seriously and is very grateful to all donors – whether regular or occasional – for their support of the church and church events. PCC supporters are never taken for granted. The PCC take full responsibility for fundraising and do not use commercial organisations or professional fundraisers. All money raised is either by donations, fundraising events, special appeals or legacies for which the PCC are most grateful. ## **Volunteers** The members of the PCC would like to thank all the volunteers who work so hard to make our Church a lively and vibrant community. ## **Risk Management** The Church Wardens carry out regular Health and Safety Reviews and regularly inspect premises for potential hazards. We have safeguarding policies in place for child protection and for work with vulnerable adults, including rigorous DBS checking of staff and volunteers. Our insurances are reviewed annually to ensure adequate cover. An informal review of any new risks which may impact the work of the Church in the Parish is ongoing. ## **Structure, Governance and Management** The PCC is a Body Corporate established by the Church of England and is a Charity registered with the Charity Commission. The PCC is governed by the Parochial Church Council Powers Measure (1956) as amended that came into effect on 2[nd] January 1957, and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended). The method of appointment of the PCC members is set out in the Church Representation Rules. The Council comprises the Incumbent, the Churchwardens, a representative of the Readers, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting, by those on the Electoral Roll. The PCC members receive training from courses run by the Diocese. Members of the congregation are always urged to join the Electoral Roll, and to stand for election to the PCC. The PCC members are responsible for making decisions on all matters of general concern and importance in the parish, and for all financial matters. The PCC met 3 times in 2020 ## **Related Parties** No related parties were either employed by the PCC or offered a contract to carry out work on the Church ## **Donations from Related Parties** Donations from related parties during the year totalled £5,838. All these donations were received without conditions. ## **Remuneration paid to Trustees** None of the trustees have been paid any remuneration or received any other benefits from employment with the PCC ## **Expenses paid to Trustees** One trustee was reimbursed £476 for travel and subsistence during the year. _Page 6_ ## **Reference and Administrative Details** **Charity Name:** The Parochial Church Council of The Parish of Bloxwich **Other names the charity is known by:** N/A **Registered Charity Number** : 1159897 **Charity’s principal address:** The Rectory, 3 Elmore Row, Bloxwich Walsall WS3 2HR **Correspondence address:** The Rectory, 3 Elmore Row, Bloxwich Walsall WS3 2HR **Website address:** https://www.bloxwichparish.org.uk **PCC Members: Who Served from 1 January 20XX to the date this report was approved** |**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**period**| |---|---|---| |**Ex-Officio**||| |Revd Christopher Davies|Team Vicar/Chairperson|| |Revd Patricia Nesbitt|Team Vicar|| |Mrs Helen Thorpe-Wood|Lay Reader|| |Mr Robert Jackson|Deanery Synod/All Saints|| |Mrs Dorothy Margaret Wootton|Lay Reader|| |Mr Stuart Annis|Denery Synod/Holy Ascension|| |Mrs Leslie Harris|Parish Warden/Deanery Synod/Holy Ascension|| |Mr Adrian Richardson|Parish Warden/Deanery Synod/St Thomas|| |Miss Donna Titley|Parish Warden/Deanery Synod/St Thomas|| |Mrs Nicola Padmore|Safeguarding/All Saints|| |Mr John Barnes|Deanery Synod/All Saints|| |Mr John Homer|Parish Warden/All Saints|| |Mrs Helen Hardwick|PCC Secretary/All Saints|Resigned 25/10/2020| |**Elected Members**||| |Mr Robert Careless|All Saints|Resigned 25/10/2020| |Mr Richard Harris|Holy Ascension|| |Mr Brian Smith|All Saints|Resigned 25/10/2020| |Mrs Ann Barnes|All Saints|| |Mrs Susan Walters|Holy Ascension|| |Mr Franklyn Walker|All Saints|Resigned 01/01/2020| |Mrs Isobel Taylor|All Saints|| |Mrs Lynn Owen|St Thomas|| _Page 7_ **Bank** Lloyds Bank PLC The Bridge Walsall **Investment** CCLA **Managers** Senator House 85 Queen Victoria Street London EC4V 4ET **Independent** Jonathan Hill **Examiner** Lichfield Diocesan Board of Finance St Marys House, The Close, Lichfield. WS13 7LD Approved by the PCC on DD MM 20XX and signed on its behalf by: ………………………………. ……………………………………….. Revd Chris Davies Mrs Helen Hardwick _Page 8_ ## **Independent Examiner’s report to the trustees/members of The PCC of The Parish of Bloxwich** Registered charity number, 1159897 I report on the accounts for the year ended 31[st] December 2020 which are set out on the following pages. ## **Respective responsibilities of the Trustees and Independent Examiner** The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility - to examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. ## **Basis of Independent Examiner's Statement** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair” view and the report is limited to those matters set out in the statement below. ## **Independent Examiner's Statement** In connection with my examination, no material matters have come to my attention (other than that disclosed below *) which gives me cause to believe that in any material respect: - accounting records were not kept in accordance with section 130 of the Charities Act or - the accounts do not accord with the with the accounting records I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. - _Please delete the words in the brackets if they do not apply._ Signed: ………………………………………….. Date: ………………………………… Jonathan Hill FCMA CGMA _Page 9_ ## **The Parish of Bloxwich** ## **Notes to the Financial Statements** For the year ended 31[st] December 2020 ## **Accounting Policies** The Financial statements of the PCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts and Payments basis. There may be minor discrepancies in the totals as the pence are not being shown. The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members. ## **Cashflow Statement** The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a cashflow statement on the grounds that the income does not exceed £500,000. ## **Going Concern** There are negative unrestricted funds of (£16,584) at 31 December 2020. The designated reserves of £12,271 are monies earmarked for specific expenditure by the PCC, but can be used to fund the deficit on the unrestricted reserves if needed. The charity would still have negative unrestricted funds of (£4,313) so there is a question as to whether it has the ability to continue as a going concern. However the main payment of the Parish Share £77,991 is not a legally enforceable debt ## **Accounting Estimates and Prior Year Errors** No changes to accounting estimates have occurred in the reporting period. No material prior year errors have been identified in the reporting period ## **Description of Funds** **Unrestricted funds** are income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not included in its "free reserves" as disclosed in the trustees' annual report. An explantation of purpose of each Designated fund are as follows - Bell Repairs – Historical fund set aside for the repair of the Bells – All Saints - Hall – Parish Hall – Fund set aside for the upkeep of the Parish Hall – All Saints - Organ – Funds set aside for the upkeep of the Organ – All Saints - Building Fund Holy Ascension – Fund set aside for the new building - Flower Fund – Fund set aside for Flowers for Church – Holy Ascension - Reserve Fund – 3 months expenditure set aside – Holy Ascension - Mission Resource – Funds set aside for Mission – St Thomas - Reserve Fund – 3 months expenditure set aside – St Thomas _Page 10_ **Restricted funds** comprise of two elements :- - a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest - b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis. An explanation of purpose of each Restricted fund are as follows: - Choir – Specific donations for the work of the Choir - Maintain – Church Maintenance – Historical funds specifically for the Maintenance of the Church - Bibles – Specific donations for the purchase of bibles - Family Work – Family Worker Growth – Specific Grants for the work of the Family Worker - Decoration – IDS Decoration Scheme – Funds specifically for the redecoration of the Vicarages - Ingram Trust – To facilitate choral music in All Saints - Jump – Jump for Joy Grants - King – King Incumbent and Church wardens trust – Relief of the poor in the Parish boundary - Hall – Parish Hall – Fund specifically for the upkeep of the Parish Hall - Restorate – Restoration - Historic restriction not been used since 2015 - Building Fund Holy Ascension – Donations specifically for the new building - Disability – Specific donations and grants for Disability Facilities for Church Hall - Clock Maintenance – Donations specifically for maintenance of the Clock - Flower fund – donations for flowers – St Thomas - Heating Fund – Specific donations for the heating fund for All Saints - Holiday Club – Specific donations for the Holiday Club - IDSLBF – Decoration Scheme for Vicarage – St Thomas **Endowment funds** are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts. An explanation of purpose of each Endowment fund are as follows: - Foster446 – Mary D Foster Trust – Continuation of Divine worship within the Churches of the Parish - Foster487 – Mis S D Foster Trust – Continuation of Divine worship within the Churches of the Parish - King – King Incumbent and Church wardens trust – Relief of the poor in the Parish Boundary - Wilkes – Trust 1490 E S Wilkes – Income to be used for General Church purposes – PCC to agree to move to general funds as fund does not produce more than £1,000 per anum ## **Incoming Resources** Planned giving, collections and donations are recognised when received or when the PCC becomes entitled to the resource and the monetary value can be measured with sufficient reliability. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due and the monetary value can be measured with sufficient reliability. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross. ## **Resources Expended** Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross. _Page 11_ ## **Governance and Support Costs** Support costs should be allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the PCC and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources eg by allocating staff costs by time spent and other costs by their usage. ## **Fixed Assets** Consecrated and benefice property is not included in the accounts by s.10(2)(a)&(C) of the Charities Act 2011. Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the Church’s inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets exceeds 50 years, so that any depreciation charges would be immaterial. Other tangible fixed assets are valued at cost. The depreciation rates and methods used are disclosed in note XX. ## **Investments** Investments in quoted shares, traded bonds and similar investments are valued initially at cost and subsequently at market value at the year end. Investments held for re-sale are treated as current asset investments. ## **Debtors** Debtors are measured on initial recognition at settlement amount. Subsequently they are measured as cash expected to be received ## **Creditors and Accruals** Creditors are measured at settlement amounts less any trade discounts. Accruals are measured on best estimate of the amount required to settle the obligation at the reporting date. _Page 12_ ## _**The Parish of Bloxwich year ending 2020**_ ## **Receipts and Payments Account** ||**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**total funds**| |---|---| |**Income and endowments from:**
Donations and legacies
Income from charitable activities
Other trading activities
Investments
Other income
**Total income**
**Expenditure on:**
Raising funds
Expenditure on charitable activities
**Total expenditure**
**Net income / (expenditure) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains / losses on investment assets
Gains on revaluation, fixed assets, charity's own use
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**
**Represented by**
**Unrestricted**
General fund
**Designated**
Bell Repairs
Building Fund
Flower fund
Magazine
Mission Resource
Organ
Parish Hall
Reserve 3 Months expenditure
Reserve Fund
St Thomas Decoration Vicarage
**Restricted**
Bibles
Building Fund
CUF Together Mental Health Grant
Choir|44,763
11,796
—
56,560
114,318
40,466
76
—
40,543
89,167
358
—
—
358
1,265
1,927
1,119
—
3,046
2,536
—
—
—
—
448| ||**87,515**
**12,992**
**—**
**100,508**
**207,737**
624
26
—
650
3,017
127,472
3,905
—
131,378
221,600| ||**128,096**
**3,932**
**—**
**132,028**
**224,617**| ||**(40,580)**
**9,060**
**—**
**(31,519)**
**(16,880)**
3,835
253
—
4,088
62,497
(4,057)
(31)
—
(4,088)
(62,497)
—
—
—
—
11,553
(3,014)
—
4,266
1,251
(20,012)| ||**(43,817)**
**9,282**
**4,266**
**(30,268)**
**(25,339)**| ||**39,506**
**139,878**
**64,256**
**243,641**
**268,980**| ||**(4,311)**
**149,161**
**68,523**
**213,373**
**243,641**
(16,584)
—
—
(16,584)
22,974
190
—
—
190
190
1,500
—
—
1,500
1,500
(14)
—
—
(14)
(14)
870
—
—
870
1,034
841
—
—
841
841
450
—
—
450
450
—
—
—
—
4,094
5,988
—
—
5,988
5,988
2,409
—
—
2,409
2,409
37
—
—
37
37
—
717
—
717
717
—
30,452
—
30,452
23,693
—
1,108
—
1,108
1,108
—
913
—
913
913| _Page 13_ |Church Maintenance|—|22,877|—|22,877|23,738| |---|---|---|---|---|---| |Clock Maintenance|—|2,390|—|2,390|2,390| |Decoration|—|724|—|724|724| |Disability Facilities Church Hall|—|696|—|696|696| |Family Worker - Growth|—|15,459|—|15,459|15,459| |Flower Fund|—|26|—|26|26| |Heating Fund|—|65,627|—|65,627|60,487| |Holiday Club|—|118|—|118|118| |IDS Decoration Scheme|—|4,121|—|4,121|3,621| |IDS Decoration Scheme Lichfield|—|437|—|437|312| |Ingram Trust|—|1|—|1|0| |Jump For Joy|—|253|—|253|280| |King Incumbent And Church Wardens Trust|—|1,417|—|1,417|1,094| |Launch Day Grant From I Walsall|—|—|—|—|0| |Parish Hall|—|—|—|—|2,678| |Restoration|—|1,816|—|1,816|1,816| |**Endowment**|||||| |Foster 446 [Mary D Foster] Trust|—|—|16,861|16,861|15,741| |Foster 487 [Miss S D Foster] Trust|—|—|35,831|35,831|33,450| |Ingram Trust|—|—|1,225|1,225|1,225| |King Incumbent And Church Wardens Trust|—|—|11,521|11,521|10,755| |Trust 1490 E S Wilkes|—|—|3,082|3,082|3,082| _Page 14_ ## **Statement of assets and liabilities – by Code** ||**General Designated**
**Restricted Endowment**
**Thisyear**
**Lastyear**| |---|---| |**Fixed assets - Investments**
CCLA CRESSWELL INVESTMENT -
CCLA Bloxwich - Cresswell -
CCLA Bloxwich - William King -
CCLA Bloxwich Foster 446/487 -
**Totals**
**Current assets - Cash at bank and in hand**
Incumbent&Churchwardens William
King -
Bank current account -
Bank current account -
All Saints DCC - Ingram Trust -
Parish Magazine Account -
Building Fund Current Account -
Bloxwich Youth Church -
CCLA (CBF) deposit account -
Cash in hand -
Coffee Morning Petty Cash -
Petty Cash -
HSBC Current Account -
HSBC Current Account -
CCLA (CBF) deposit account -
Bloxwich - 3 Elmore Row -
IDS Decoration Account LICHFIELD -
Bloxwich - 9 Sanston Road -
**Totals**
**Liabilities - Agency accounts**
Agency collections -
**Totals**
**Liabilities - Creditors: Amounts falling due**
**after more than one year**
Lichfield Loan - Due after one year -
**Totals**
**Liabilities - Creditors: Amounts falling due**
**in one year**
LDBF - Loan Due within in one year -
**Totals**
**Grand total**|6,933
—
—
—
6,933
12,865
—
—
—
—
—
3,082
—
—
—
11,521
11,521
10,755
—
—
—
52,693
52,693
49,192| ||**6,933**
**—**
**—**
**64,214**
**71,147**
**75,896**
—
—
1,417
—
1,417
1,094
(33,809)
450
81,477
3,787
51,905
79,803
2,553
5,973
(2,828)
—
5,697
6,802
—
—
1
402
403
403
—
870
—
—
870
1,034
(1,469)
1,500
10,023
—
10,054
4,821
7,607
—
—
—
7,607
8,844
3,204
190
34,904
118
38,417
38,255
32
—
—
—
32
113
83
—
—
—
83
28
—
—
50
—
50
50
(1,720)
3,287
1,465
—
3,032
4,633
—
—
—
—
—
0
—
—
40,555
—
40,555
40,383
—
—
4,121
—
4,121
3,621
—
—
437
—
437
312
—
—
724
—
724
724| ||**(23,517)**
**12,273**
**172,348**
**4,308**
**165,412**
**190,928**
—
—
6,032
—
6,032
5,371| ||**—**
**—**
**6,032**
**—**
**6,032**
**5,371**
—
—
14,298
—
14,298
17,811| ||**—**
**—**
**14,298**
**—**
**14,298**
**17,811**
—
—
2,856
—
2,856
—| ||**—**
**—**
**2,856**
**—**
**2,856**
**—**| ||**(16,584)**
**12,273**
**149,161**
**68,523**
**213,373**
**243,641**| _Page 15_ ## **Analysis of receipts and payments** |**Receipts**
**Donations and legacies**
0101 - Gift Aid Collections
0201 - Non Gift Aid collections
0201 - Non Gift Aid Collections
0301 - Loose plate collections
0302 - Weddings/Funeral/Baptism
Collections
0410 - Giving through church boxes
0550 - Donations appeals etc
0550 - Donations over £20
0701 - Legacies
0801 - Recurring grants
08A1 - Non-recurring one-off grants
Total
**Receipts from charitable activities**
0302 - Beetle Drive/Book
Sale/History Evening/Q
0601 - Tax recoverable on Gift Aid
0901 - Other funds generated
0902 - Heating Weddings & Funerals
0903 - Social Committee Income
1101 - Fees for weddings and
funerals
1230 - Church hall lettings -
objectives
1231 - Seasonal Fairs
Total
**Other trading activities**
1240 - Church hall lettings - fund
raising
1250 - Magazine income -
advertising
1260 - Parish magazine sales
Total
**Investments**
1001 - Dividends
1020 - Bank and building society
interest
1020 - Bank/Building Society/CBF
Interest
Total||**Total**
**Unrestricted**
**Designated**
**Restricted**
**Endowment**
**This year**
**Last year**
18,538
—
—
—
18,538
29,721
909
—
—
—
909
1,662
4,433
—
—
—
4,433
13,434
1,432
—
—
—
1,432
5,706
1,189
—
—
—
1,189
3,163
—
—
—
—
—
5
—
—
—
—
—
68
16,258
—
11,796
—
28,054
19,208
—
—
—
—
—
1,939
—
—
—
—
—
37,188
453
1,549
—
—
2,002
2,220| |---|---|---| |||43,214
1,549
11,796
—
56,560
114,318
—
—
46
—
46
7,094
10,071
—
—
—
10,071
12,863
1,082
—
30
—
1,112
5,635
3,850
—
—
—
3,850
5,250
—
—
—
—
—
1,280
7,369
—
—
—
7,369
17,091
9,151
8,942
—
—
18,093
38,627
—
—
—
—
—
1,324| |||31,524
8,942
76
—
40,543
89,167
—
—
—
—
—
135
—
268
—
—
268
714
—
90
—
—
90
416| |||—
358
—
—
358
1,265
1,764
—
322
—
2,087
2,140
—
—
125
—
125
62
162
—
671
—
834
333| |||1,927
—
1,119
—
3,046
2,536| _Page 16_ ## **Other income** |**Other income**|| |---|---| |1310 - Insurance claims
Total|—
—
—
—
—
448| ||—
—
—
—
—
448| |**INCOME TOTAL**|76,665
10,850
12,992
—
100,508
207,737| |**Payments**
**Raising funds**
1701 - Fees paid to Fund Raisers
1720 - Costs of stewardship
campaign
1730 - Costs of fetes & other events
Total
**Payments on charitable activities**
1740 - Bank Charges
1740 - Investment
management/Bank Charges
1801 - Giving to missionary societies
1910 - Ministry parish share etc
2051 - Other Salaries
2101 - Working expenses of
incumbent
2102 - Other Expense Claims
2150 - Vicar's telephone
2170 - Education
2201 - Parish training and mission
2301 - Church running - insurance
2310 - Church office/Youth -
telephone
2320 - Organ / piano tuning
2330 - Church maintenance
2331 - Cleaning
2332 - Catering
2340 - Upkeep of services
2350 - Upkeep of churchyard
2360 - Administration/Stationery
2361 -
Photocopy/Printing/Advertising
2363 - Licence & Subscriptions
2401 - Church running - electric
2410 - Church running - gas
2420 - Church running - water
2501 - Magazine expenses
2530 - Hall running - electricity
2540 - Hall running - gas
2550 - Hall running - insurance
2560 - Hall running - maintenance
2561 - Hall Cleaning
2580 - Hall running - water
2601 - Governance costs
examination/audit fee
2701 - Church major repairs -
structure|410
—
—
—
410
—
—
214
—
—
214
250
—
—
26
—
26
2,767| ||410
214
26
—
650
3,017
347
—
—
—
347
669
—
—
114
—
114
—
20
—
—
—
20
6,372
77,991
—
—
—
77,991
75,959
—
6,184
—
—
6,184
6,389
476
—
—
—
476
1,761
—
—
—
—
—
780
73
—
—
—
73
435
161
—
—
—
161
150
72
—
—
—
72
1,636
9,318
—
—
—
9,318
9,173
1,529
—
—
—
1,529
1,027
—
—
—
—
—
60
418
—
1,113
—
1,532
7,247
203
—
—
—
203
529
55
—
—
—
55
644
211
—
—
—
211
1,582
740
—
—
—
740
1,454
1,353
45
—
—
1,398
3,155
2,441
—
—
—
2,441
3,298
1,042
—
—
—
1,042
1,155
6,629
—
—
—
6,629
16,326
4,539
—
—
—
4,539
(74)
396
—
—
—
396
576
—
308
—
—
308
978
—
1,858
—
—
1,858
1,896
—
898
—
—
898
2,454
—
—
—
—
—
595
—
8,930
1,863
—
10,794
585
—
369
—
—
369
16
—
105
814
—
919
658
—
—
—
—
—
200
475
—
—
—
475
61,220| _Page 17_ |2710 - Church major repairs -
installation
2840 - Other PCC property upkeep
Total|—
—
—
—
—
12,683
273
—
—
—
273
—| |---|---| ||108,773
18,698
3,905
—
131,378
221,600| |**EXPENDITURE TOTAL**|109,183
18,913
3,932
—
132,028
224,617| ||| |**GRAND TOTAL**|(32,517)
(8,063)
9,060
—
(31,519)
(16,880)| ## **Fund movement by type** ||**Opening**|**Incoming**|**Outgoing**|**Transfers**|**Gains/losses**|**Closing**| |---|---|---|---|---|---|---| |**Bell - Bell Repairs**||||||| |Designated|190|—|—|—|—|190| |**Sub-total for Bell**|**190**|**—**|**—**|**—**|**—**|**190**| |**Bibles - Bibles**||||||| |Restricted|717|—|—|—|—|717| |**Sub-total for Bibles**|**717**|**—**|**—**|**—**|**—**|**717**| |**Build - Building Fund**||||||| |Designated|1,500|—|—|—|—|1,500| |Restricted|23,693|6,904|114|(31)|—|30,452| |**Sub-total for Build**|**25,193**|**6,904**|**114**|**(31)**|**—**|**31,952**| |**Buildmain - Building/Maintenance**||||||| |Restricted|—|—|253|253|—|—| |**Sub-total for Buildmain**|**—**|**—**|**253**|**253**|**—**|**—**| |**CUFHealth - CUF Together Mental**||||||| |Restricted|1,108|—|—|—|—|1,108| |**Sub-total for CUFHealth**|**1,108**|**—**|**—**|**—**|**—**|**1,108**| |**Choir - Choir**||||||| |Restricted|913|—|—|—|—|913| |**Sub-total for Choir**|**913**|**—**|**—**|**—**|**—**|**913**| |**Clock - Clock Maintenance**||||||| |Restricted|2,390|—|—|—|—|2,390| |**Sub-total for Clock**|**2,390**|**—**|**—**|**—**|**—**|**2,390**| |**Decoration - St Thomas Decoration**||||||| |Designated|37|—|—|—|—|37| |Restricted|724|—|—|—|—|724| |Restricted|3,621|500|—|—|—|4,121| |**Sub-total for Decoration**|**4,382**|**500**|**—**|**—**|**—**|**4,882**| |**Disability - Disability Facilitie**||||||| |Restricted|696|—|—|—|—|696| |**Sub-total for Disability**|**696**|**—**|**—**|**—**|**—**|**696**| |**FamilyWork - Family Worker - Grow**||||||| |Restricted|15,459|—|—|—|—|15,459| |**Sub-total for FamilyWork**|**15,459**|**—**|**—**|**—**|**—**|**15,459**| |**Flower - Flower fund**||||||| |Designated|(14)|—|—|—|—|(14)| |Restricted|26|—|—|—|—|26| |Restricted|—|—|—|—|—|—| |**Sub-total for Flower**|**11**|**—**|**—**|**—**|**—**|**11**| |**Foster446 - Foster 446 [Mary D F**||||||| |Endowment|15,741|—|—|—|1,120|16,861| |**Sub-total for Foster446**|**15,741**|**—**|**—**|**—**|**1,120**|**16,861**| |**Foster487 - Foster 487 [Miss S D**||||||| _Page 18_ |Endowment
**Sub-total for Foster487**
**General - General fund**
Unrestricted
**Sub-total for General**
**Hall - Parish Hall**
Designated
Restricted
**Sub-total for Hall**
**Heating - Heating Fund**
Restricted
**Sub-total for Heating**
**Holiday - Holiday Club**
Restricted
**Sub-total for Holiday**
**IDSLDBF - IDS Decoration Schem**
Restricted
**Sub-total for IDSLDBF**
**Ingram - Ingram Trust**
Restricted
Endowment
**Sub-total for Ingram**
**Jump - Jump For Joy**
Restricted
**Sub-total for Jump**
**King - King Incumbent And C**
Restricted
Endowment
**Sub-total for King**
**Magazine - Magazine**
Designated
**Sub-total for Magazine**
**Maintain - Church Maintenance**
Restricted
**Sub-total for Maintain**
**Mission - Mission Resource**
Designated
**Sub-total for Mission**
**Organ - Organ**
Designated
Restricted
**Sub-total for Organ**
**Reserve - Reserve 3 Months exp**
Designated – Holy Ascension
Designated – St Thomas
**Sub-total for Reserve**
**Restorate - Restoration**
Restricted
**Sub-total for Restorate**
**Wilkes - Trust 1490 E S Wilke**
Endowment
**Sub-total for Wilkes**
**Grand total**|33,450
—
—
—
2,380
35,831| |---|---| ||**33,450**
**—**
**—**
**—**
**2,380**
**35,831**
22,974
76,665
109,183
(4,026)
67
(16,584)| ||**22,974**
**76,665**
**109,183**
**(4,026)**
**67**
**(16,584)**
4,094
10,491
18,390
3,804
—
—
2,678
—
2,678
—
—
—| ||**6,772**
**10,491**
**21,069**
**3,804**
**—**
**—**
60,487
5,140
—
—
—
65,627| ||**60,487**
**5,140**
**—**
**—**
**—**
**65,627**
118
—
—
—
—
118| ||**118**
**—**
**—**
**—**
**—**
**118**
312
125
—
—
—
437| ||**312**
**125**
**—**
**—**
**—**
**437**
0
0
—
—
—
1
1,225
—
—
—
—
1,225| ||**1,226**
**0**
**—**
**—**
**—**
**1,226**
280
—
26
—
—
253| ||**280**
**—**
**26**
**—**
**—**
**253**
1,094
322
—
—
—
1,417
10,755
—
—
—
765
11,521| ||**11,850**
**322**
**—**
**—**
**765**
**12,939**
1,034
358
522
—
—
870| ||**1,034**
**358**
**522**
**—**
**—**
**870**
23,738
—
860
—
—
22,877| ||**23,738**
**—**
**860**
**—**
**—**
**22,877**
841
—
—
—
—
841| ||**841**
**—**
**—**
**—**
**—**
**841**
450
—
—
—
—
450
—
—
—
—
—
—| ||**450**
**—**
**—**
**—**
**—**
**450**
5,988
—
—
—
—
5,988
2,409
—
—
—
—
2,409| ||**8,397**
**—**
**—**
**—**
**—**
**8,397**
1,816
—
—
—
—
1,816| ||**1,816**
**—**
**—**
**—**
**—**
**1,816**
3,082
—
—
—
—
3,082| ||**3,082**
**—**
**—**
**—**
**—**
**3,082**| ||**243,641**
**100,508**
**132,028**
**—**
**4,334**
**213,373**| _Page 19_ ## **Staff Costs** ||2020|2019| |---|---|---| |||| |Wages & Salaries|£6,184|£6,330| |||| |Average number of Employees|1|1| During the year the PCC employed an church hall cleaner [part-time] and no payments were large enough to attract social security costs. There were no employee benefits to key management personnel in the previous or current year. **COVID-19 –** The PCC received £2,002 in grants from the Government related to the Furlough Scheme ## **Trustees’ Remuneration & Expenses** No Trustees were employed so no remuneration has been incurred during the year One trustee was reimbursed £476 for travel and subsistence during the year. ## **Related Parties** No other expenses were paid to any other PCC member, or persons closely connected to them or related parties. Donations from related parties [PCC members] totalled £5,838. **----- Start of picture text -----**
Analysis of Transfer of Funds
Date Account Code description Debit Credit Description Fund
31/12/2020 0 1776172 Bank current account 3,804.69 To Parish Hall to bring fund to nil General Unr
31/12/2020 0 1776172 Bank current account 3,804.69 Per General fund to bring to nil Hall Des
30/12/2020 7 0784990 HSBC Current Account 246.15 To Building Maintenance fund to bring to Nil General Unr
30/12/2020 7 0784990 HSBC Current Account 246.15 Per General fund Buildmain Res
**----- End of picture text -----**
_Page 20_ ## **Fixed Assets** a) Tangible Fixed Assets – The PCC does not have any Tangible Fixed Assets b) Fixed Asset Investments ||At 1 Jan
£|Additions
£|Disposals
£|Transfers
£|Change in
Market Value £|At 31 Dec
£| |---|---|---|---|---|---|---| |Unrestricted funds||||||| |Investments|12,865|0.00|0.00|6,000|68|6,933| |||||||| |Restricted funds||||||| |Investments||||||| |||||||| |Endowment funds||||||| |Investments|59,947|0.00|0.00|0.00|4,267|64,214| |||||||| |||||||| |**Total**|**72,812**|**0.00**|**0.00**|**6,000**|**4,335**|**71,147**| _Page 21_ ## **SOFA – Receipts & Payments Comparatives** ## **[Previous Year 2019]** |**Unrestricted**
**Restricted Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**total funds**|**Unrestricted**
**Restricted Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**total funds**| |---|---| |**Income and endowments from:**
Donations and legacies
Income from charitable activities
Other trading activities
Investments
Other income
**Total income**
**Expenditure on:**
Raising funds
Expenditure on charitable activities
**Total expenditure**
**Net income / (expenditure) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains / losses on investment assets
Gains on revaluation, fixed assets, charity's own
use
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**|50,257
64,061
—
114,318
364,966
78,711
10,456
—
89,167
74,619
1,265
—
—
1,265
1,525
2,112
423
—
2,536
2,562
448
—
—
448
—| ||**132,795**
**74,941**
**—**
**207,737**
**443,673**
2,602
414
—
3,017
4,656
140,656
80,792
151
221,600
497,351| ||**143,259**
**81,207**
**151**
**224,617**
**502,007**| ||**(10,463)**
**(6,266)**
**(151)**
**(16,880)**
**(58,333)**
9,560
52,937
—
62,497
39,656
(61,007)
(1,489)
—
(62,497)
(39,656)
2,120
—
9,432
11,553
2,530
—
(20,012)
—
(20,012)
(2,510)| ||**(59,790)**
**25,169**
**9,281**
**(25,339)**
**(58,314)**| ||**99,297**
**114,708**
**54,974**
**268,980**
**327,295**| ||**39,506**
**139,878**
**64,256**
**243,641**
**268,980**| _Page 22_