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2021-12-31-accounts

The Parochial Church Council of the Ecclesiastical Parish of Gleadless Valley

(Known as “Holy Cross Gleadless Valley PCC”)

Annual Report and Financial Statements For the year ended 31 December 2021

Registered charity number: 1179675

Holy Cross Gleadless Valley PCC Index

Page
Administrative information 1
Annual Report 2 - 10
Independent examiner’s report 11
Statement of financial activities 12
Balance sheet 13
Notes to the accounts 14 – 19

Holy Cross Gleadless Valley PCC Administrative information For the year ended 31 December 2021

Holy Cross Church is situated in Gleadless Valley overlooking the city of Sheffield. It is part of the Diocese of Sheffield within the Church of England.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GLEADLESS VALLEY was registered with the Charity Commission on 28[th] August 2018 with Registered Charity Number 1179675.

During 2021 the Parochial Church Council has consisted of:

Rev’d David Middleton Vicar, Chairperson Rev’d Stewart Deering Assistant Curate (until October 2021) Nathan Fairhead Church Warden, (until November 2021) Deanery Synod Rep. (until November 2021) Gregory Jones Church Warden Sue Lachlan Deanery Synod Rep (from October 2020) Melanie Hobbs PCC Secretary, Co-opted (from November 2021) Martin Bell Treasurer, Elected Member (from 2019) Emeka Okereke Elected Member (from 2019) Francis Yeboah Elected Member (from 2019) Pierre Kabaya Elected Member (from October 2020) Janet Drabble Elected Member (from October 2020) Jono Chamberlain Elected Member (from May 2021) Abraham Aboagye Elected Member (from May 2021 Matthew Hobbs Elected Member (until May 2021)

Church address :

Holy Cross Church, Spotswood Mount, Sheffield, S14 1LG

Correspondence address:

The Vicarage, 5 Blackstock Close, Sheffield, S14 1AE

The PCC’s bankers are Yorkshire Bank and Shawbrook Bank

The Independent Examiner is: Susan Cochrane, FCA Employee of: VAS Community Accountancy The Circle, 33 Rockingham Lane, Sheffield. S1 4FW

1

Holy Cross Gleadless Valley PCC Annual Report For the year ended 31 December 2021

MISSION STATEMENT AND AIMS

Holy Cross is a diverse evangelical Anglican Church in the Church of England. It is in the parish of Gleadless Valley, within Attercliffe Deanery and part of the Diocese of Sheffield. Our mission statement is to Glorify God – Father, Son and Holy Spirit by:

 Knowing God through Jesus Christ,

We aim to fulfil this mission by being disciples who help others be disciples and so:

  1. Meet Jesus in the Scriptures and listen and respond obediently by:

  2. allowing the Holy Spirit to transform us to be like Christ, applying God’s Word to every area of our lives while being dependent on His grace;

  3. turning to Him in Praise and Prayer - because of who He is, what He has done and is doing, and asking His help in all things.

  4. Love one another practically by:

  5. loving and caring for one another regardless of age, background or nation and being committed to meet with each other throughout the week;

  6. helping one another, through the Holy Spirit, to be equipped to serve the Lord in all of life using spiritual gifts to serve others.

  7. Proclaim Christ boldly by:

  8. reaching out with the Good News of the Gospel through words and actions to our families, friends and community;

  9. sending out missionaries and supporting worldwide mission through Mission Partners and Partner Churches.

The Church continued working out the following 6 Priorities set for 2019-2022:

1. Staff Team. Ensure that we have the right Staff Team so that, under the Lord’s Hand, we can fulfil His mission.

2. Funding . Ensure that we have the money needed for the staff posts.

3. Building . Make certain that we have a building that is fit for the growing work of the Lord’s Kingdom in Gleadless Valley.

4. Accessibility . Enable variety with accessibility in how we reach people with God’s Word – in both Sunday & midweek ministry.

5. Serving . Communicate the needs of a growing church and the areas of church life that require more people to serve – providing appropriate equipping for all.

6. Personal Evangelism . Commit to outreach in our community.

2

Holy Cross Gleadless Valley PCC Annual Report

For the year ended 31 December 2021

Priorities 1-3 reflect the overall life of the church and Mission Statement, our context and current needs.

Priority 1: Staff Team

Vicar

Holy Cross is led full-time by the Rev’d David Middleton. David took a sabbatical in early 2021. During this time, Rev’d Stewart Deering fulfilled many of the roles of the Vicar.

Families’ Worker/ Youth and Children’s Minister

This post has been vacant since July 2020. The PCC decided not to advertise the post and, in the interim, the ministry has been covered by the Staff Team and volunteers in the Youth and Children’s Team.

International Ministry Assistant

This post is occupied in a full-time capacity by Pierre Kabaya. The importance of this post increased due to the impact of COVID-19 and the Vicar’s Sabbatical.

Women’s Worker

This post is voluntary and unpaid and has been occupied by Aly Middleton since January 2020. Aly is responsible for overseeing ministry among the women at Holy Cross and supporting the ministry of the Vicar and Staff Team – especially with respect to pastoral visiting and some youth and children’s ministry.

Assistant Curate

This is a training post funded by the Church of England. Revd Stewart Deering successfully completed his second year in June 2020 and covered much of the vicar’s role during his sabbatical in early 2021. Thereafter he went on placement and moved on towards the end of the year.

Holy Cross Gap Year Ministry Experience Scheme

Gentil Mugisha was appointed to the scheme and began in September 2020 for a period of 12 months. He received training in ministry along with practical experience – this was augmented by a loose attachment with the Oakes Christian Holiday Centre and attendance at Bible Training Yorkshire (funded by Holy Cross). Gentil’s time on the GYMES ended in August 2021 and whilst he has moved on to university, he remains actively involved in church life.

Looking ahead, we hope to be in a position to employ a new Youth and Children’s Minister in 2022, offer the International Ministry Assistant a further 3-year full-time contract and potentially take on someone in our Gap Year Ministry Experience Scheme or as a Ministry Trainee.

3

Holy Cross Gleadless Valley PCC Annual Report For the year ended 31 December 2021

Priority 2: Funding

It has been difficult to attract funding for another 3-year period for both the Families’ Worker post (now called Youth and Children’s Minister) and the International Ministry Assistant post. Thankfully existing supporters have continued to support us and we are well on the way to securing full funding for another 3-year period of full-time employment in both posts.

In 2022, we will continue efforts to secure the remainder of the required funds so that each of our posts can continue for the next 3 years on a full-time basis.

Priority 3: Building

The building was closed from January 2021 until 18[th] April 2021 due to the COVID-19 pandemic, but has remained open for Sunday and mid-week ministry since then. The COVID-19 pandemic has caused us to put plans for an extension on hold. Work on the building has continued with essential maintenance, repairs and COVID-19 security as the main focus.

In 2022, we will once again take a look at our requirements for the building and reappraise whether what we have fits our needs.

Activities and Achievements

Priorities 4-6 reflect the three main aims for church life and how we work out our Mission Statement in respect to our relationships with: God in Jesus, with each other in the church and with those in our community and further afield.

During 2021 church life continued to be significantly impacted by the Coronavirus pandemic. As the situation eased (from April onwards), the PCC adopted a COVID-19 Recovery Plan that was based around 4 guidelines:

Very sadly, we saw seven of our church family pass away – making ten deaths in 18-months. Each was a significant loss for their families and friends and for Holy Cross as it has left us without a whole generation. While we mourn each of them, we give thanks for their lives and that they are now free from sickness and suffering and with the Lord Jesus for ever.

Since April, Church family began to return to in-person services and by the autumn we took the decision to stop our online services. Although some of our existing members are still to return, we have enjoyed welcoming several new individuals and families from a diversity of backgrounds.

4

Holy Cross Gleadless Valley PCC Annual Report For the year ended 31 December 2021

During the latter part of the year we have undertaken a significant review of church leadership, practices and policies. Part of this has been the desire to embrace and grow a culture in which people are Safe, Happy, Effective and Free:

In December we held a Community COVID-19 Memorial Service which was appreciated by both members of our church and local community. We hope to have a Community Memorial at a similar time in 2022.

The Christmas program was adapted in response to the rise of the Omicron variant of COVID19.

Priority 4: Accessibility

Everything we do is based on our belief that the God who created the world and us, has made himself known in the person of his Son, Jesus Christ. He came into the world so that anyone who puts their trust in him can receive forgiveness, a restored relationship with God now, and life forever with him.

This Good News is found in the Bible and it is our conviction that when we hear the Bible read and taught, and when we study it for ourselves, we hear God speak to us. He calls us to trust him and live for him; and changes us so we can respond to what he is saying to us. This past year we have spent time in the following parts of the Bible: 1 Samuel; Ecclesiastes; Matthew; Acts, Ephesians and Luke.

In all of this we have endeavored to make the Bible accessible to anyone and everyone regardless of age or stage of life, culture or background. This has included translation for those with limited English. Each term we sent out a pack of information and resources to help people of all ages engage with the Bible teaching on Sundays.

Part of making ministry accessible has involved our use of online ministry – YouTube, Facebook and Zoom to reach those who for one reason or another were unable to join us in person. The PCC decided to stop using YouTube and Facebook in September this year (a decision that will be revisited in 2022). Instead, DVDs of the Sunday Service are made available to church family unable to attend, as well as to three local Care Homes. We have also maintained a program of visiting the housebound and those in Care/Nursing Homes when permitted. (Two of our local Care Homes are due to close in early 2022. We will be sad to say goodbye to local residents and staff with whom we have built good connections over the years.)

5

Holy Cross Gleadless Valley PCC Annual Report For the year ended 31 December 2021

When restrictions and the weather allowed, we met in small groups in gardens to study the Bible and pray. People would also go for walks together, either in small groups or one-to-one depending on the restrictions.

By the end of 2021, Sunday services, staff meetings, PCC Meetings and mid-week groups (New YBS for Youth and Growth Groups) were meeting in person in the building.

In 2022, we aim to remain flexible in our approach to church life so that the Lord’s work can be as accessible to as many as possible.

Priority 5: Serving

Our relationships with one another are at the heart of this commitment and we believe that these relationships should be shaped by the sacrificial love and service of Jesus Christ towards us. We also believe that everyone at Holy Cross is gifted in different ways and we believe there should be opportunities for everyone to serve in ways that help them and others to flourish.

Throughout the year, we were committed to exploring life together as a church and a key aspect of this towards the end of the year, was beginning to introduce the new Safe, Happy, Effective and Free culture. We hope that this will help us build deeper and stronger relationships with each other and through this encourage more people to embrace church life and service within it.

We have tried to help one another build and deepen relationships in spite of the pandemic and when weather has permitted we gathered in the open air to chat. We have also used email, Zoom, phone, letters and 1:1 contact – together with in-person midweek groups to help each other in this.

At the beginning of September, we sent out a questionnaire to all church family about the shape of church life and the aspects they would like to see return and/or serve in. Encouragingly, we have seen a significant number of church family sharing in ministries such as – Growth Group leading, leading services and music ministry. We hope that, as we emerge from the pandemic that more church family will share in ministry and that a sustainable pattern of church life and ministry is achieved.

Review of Church Leadership and Serving

As mentioned before, we have undertaken a review of patterns of leadership and serving in church life. This has led to the production of our Church Handbook, new policies for staff and volunteers and a new system of recruiting. In the new year we hope to formalise a new Ministry Support Group to listen to, and help, anyone in church family experiencing difficulties in relationships with others they are serving alongside - be they a member of the Staff Team, a person in authority, or Church family. We have taken care to ensure that all our policies and practices are in line with the Church of England’s recommendations and have been seen or discussed with Diocesan officials.

6

Holy Cross Gleadless Valley PCC Annual Report

For the year ended 31 December 2021

Partner Churches

We remained committed to supporting our Partner Churches locally and nationally. We pray for them regularly and share news and encouragements. We are very grateful for our partnership with them and the different ways each of them supports us.

Deanery

We play an active role in Attercliffe Deanery. Our Vicar and Curate regularly attended Deanery Chapter and our Deanery Synod Representatives participated in Synod meetings. Our Vicar and one of our Church Wardens, who served on the Deanery Mission and Pastoral Committee, decided to step down mid-year.

Diocese

Holy Cross also remained committed to ministry in Sheffield Diocese. Our Vicar stepped down from Diocesan Synod and did not seek re-election as he wanted to focus on ministry at Holy Cross. He also stepped down from involvement with the Bishop of Sheffield’s Mutual Flourishing Group.

We have been grateful for the prayerful support and regular, clear communication from Bishop Pete, Bishop Sophie and the Coronavirus Response Team as the pandemic continued and restrictions regularly changed. We are also thankful for Bishop Rod’s guiding and pastoral hand.

Looking ahead, we aim to continue embedding our new culture and leadership practices and protocols to build and deepen relationships and encourage more people to serve. We will continue to work in partnership with those we are already working with – be they in the Deanery, Diocese or wider afield.

Priority 6: Personal Outreach/Evangelism

Priority 6 is aimed at helping us all play our part as we seek to reach out to Gleadless Valley and beyond, so that others can come to know and experience the love and Good News of Jesus for themselves.

Due to the pandemic we have focused our efforts on using the internet alongside in-person ways to share the love and Good News of Jesus. As always this has been done carefully and respectfully with due regard to individual preferences concerning COVID-19.

We have continued to play our part locally along with other members of Gleadless Valley Partners to support one another and work together to provide holistic support for as many people as possible. Two key aspects of this has been supporting and hosting the “Healthy Holidays”/ ”Healthy Activities and Food” initiatives and involvement in the Gleadless Valley Masterplan.

7

Holy Cross Gleadless Valley PCC Annual Report For the year ended 31 December 2021

As part of our individual care for those most marginalised and in need, we distributed Christmas Hampers to several families who were in need of extra support and partnered the CO-OP in providing food and clothing.

Beyond Gleadless Valley, we continued to provide prayer and financial support for each of the following Mission Partners: the Oakes Christian Holiday Centre, the Potter family in Mozambique and St Thomas’ Church in Heideveld, South Africa. We greatly enjoyed having the Potter family with us until June when they returned to Africa.

In 2022, we aim to continue working with our partners in Gleadless Valley, stay involved with Gleadless Valley Masterplan, help provide for those in need and continue to support our current Mission Partners.

Finance Review

Giving to Holy Cross

Giving to God’s work at Holy Cross relies on teaching from God’s word and prayer. Due to personal circumstances, giving may go up, down or stay the same. By the end of 2021 there were 16 families / individuals who had made a commitment to regularly give by Standing Order or by Envelope. 12 tax-paying members have also signed Gift Aid forms enabling the church to reclaim tax from the government. This commitment to give regularly is so helpful to the Church Council as it enables it to plan for future ministry and associated expenditure.

In 2021, the giving by standing order, weekly envelope, cash in Sunday collections and other donations totalled just over £32,500. With reclaimed tax through the Gift Aid scheme, this increased to just over £39,300.

We are extremely grateful for the sacrificial giving by the church family and others who financially give to support work at Holy Cross. We have been hugely blessed by donations and grants towards staff employment costs from a few churches and a Christian Trust. Please continue to praise the Lord for his incredible generosity to the ministry at Holy Cross.

Coronavirus and Holy Cross Finance

The virus has had a significant effect on the church income and expenditure. Despite the reduction in regular users of the building, rental income has increased this year by £6,300 due to the Healthy Holidays and Healthy Activities and Food initiatives. Giving by standing order and Sunday collections has decreased by £2,300

Although we had the opportunity to furlough staff, the Standing Committee agreed that the additional pressures of ministry within the church family and in Gleadless Valley required a strong staff team. This was financially possible due to the continued restricted income into the employment funds. The PCC considers that there is sufficient in the General Fund should this change in finances continue for another two years

8

Holy Cross Gleadless Valley PCC Annual Report For the year ended 31 December 2021

In order to help the monitoring of accounts, the PCC has created the following funds into which all income and expenditure is assigned:

We are an Anglican church within the Diocese of Sheffield and Doncaster. We contributed £8,400 towards their costs via the Common Fund. See note 4. The costs include:

Reserves policy

It is the policy of the PCC that unrestricted funds, which have not been designated for a specific purpose, should at least be maintained at £20,000. The PCC considers that reserves at this level will ensure that, in the event of unforeseen costs, they will be able to immediately address the issue whilst demonstrating our dependence on God. Free reserves at 31[st] December 2021 were £44,414 (2020: £37,751)

The charity also holds Designated funds of £98,343 (2020: £102,275). See Note 9. Most of these funds are to help secure the future of the Youth and Children’s Minister and the International Ministry assistant positions.

We should all give thanks to God for the considerable sacrificial giving by the church family and partner churches to enable this growing ministry within Gleadless Valley. Pray also that the PCC will make wise decisions to be good stewards of these resources.

9

Holy Cross Gleadless Valley PCC Annual Report For the year ended 31 December 2021 Structure Governance and Mana ement The method of appointment of PCC members is set out In the Church Representation Rules. At Holy Cr055, Gleadless Valley. durin8 2021, membership consist5 of our vicar, a5 the chairperson, the curate (resigned October 20211, two churchwardens and 7 PCC members elected by the church family from those who are on the Electoral Roll. One of the churchwardens reslgned in November 2021 and an elected member became a deputy churchwarden in January 2022. A secretary for the PCC was appointed in November 2021. Two members have served on the Deanery Synod whlch is a vital link to the wider church wlthln the Sheffield Diocese. All those in the church family are encouraged to be on the Electoral Roll, whlch at the time of the APCM in 2021 was 60. The PCC has met seven tlmes durlng the year. Each meeting be8lns wlth time in God's Word and a time of prayer. In each meetin8 we discu55 church finances and the upkeep and best Use of our buildin8. We continue to give thanks to God for how He has generously provided for our 8rowing church family. We hear ￿pOrts on various sltuatlons In church life, both locally and natlonally, looking back on what has already happened and then lookln8 ahead to what Is comlng up. Thls Includes plannlng for and reflectlng an outreach to the local communlty as well as church famlly events. At each meeting we consider the needs of our growing church family alon8 With progre55 Wlth our agreed priorlties. The PCC has complied with the duty to have 'due regard, to the House of Bishops, Safeguarding Policy and Practice Guidance. There is always a report on Safe8uarding and Health & Safety concerns together with consideration of any action to be taken. In order to avoid any conflict of Interest. PCC members are excluded from dlscusslons and decisions in which they may be personally affected. For example, discusslons regarding allowances and expenses. The annual report and financial statements were approved by the PCC on 14th March 2022 Signed on their behalf by Rerfd David Middleton io

Independent Examiner’s report to the PCC Members of Holy Cross Gleadless Valley PCC

I report to the PCC members on my examination of the accounts of Holy Cross Gleadless Valley PCC (the Charity) for the year ended 31 December 2021.

Responsibilities and basis of report

As the charity PCC members of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Susan Cochrane, FCA Employee of: VAS Community Accountancy The Circle 33, Rockingham Lane Sheffield S1 4FW.

Date: 14 March 2022

11

Holy Cross Gleadless Valley PCC

Statement of financial activities

(incorporating the income and expenditure account) For the year ended 31 December 2021

Notes
Income from:
Donations and grants
2
Charitable activities
3
Investment - bank interest
Total income
Expenditure on:
Charitable activities
4
Total expenditure
Net income/(expenditure)
Transfers between funds
10
Net movement in funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
39,519
12,121
1,103		 Restricted
funds
£
19,772
-
-		 Total
2021
£
59,291
12,121
1,103		 Unrestricted
funds
£
76,753
5,001
-		 Restricted
funds
£
38,595
-
-		 Total
2020
£
115,348
5,001
-
52,743 19,772 72,515 81,754 38,595 120,349
50,009 16,325 66,334 56,649 34,240 90,889
50,009 16,325 66,334 56,649 34,240 90,889
2,734
(3)		 3,447
3		 6,181
-		 25,105
-		 4,355
-		 29,460
-
2,731
140,026		 3,450
43,600		 6,181
183,626		 25,105
114,921		 4,355
39,245		 29,460
154,166
142,757 47,050 189,807 140,026 43,600 183,626

VAS Community Accountancy

12

HO￿ Cri)ss Gleadless Valley PCC Balance SI￿et As at Yi DKember 2021 Notes 2021 Debtors Cash at bank and in hand Total cuff•nt ass•ts 3.856 187,639 191A95 1,850 183,301 5.151 Credltors.. amountsfallln8 due wlthln one year 11.6881 11,5251 Net current 455•ts 189.B07 183.626 Totl￿ets tyrreht15•bllltl 189.807 183,626 Cfedltors.- amounts falllnB due after more than one year Tt)tl net assets 189 607 183.626 Fundi olihe c￿lIty General lunds De518nated funds Totsl unrestrlcted funds Restrlcted Sncome funds 44.414 98.343 142,757 47,050 37.751 102,275 140,026 43.600 io Tol•l li 183.626 Appro4Yd by the board c Prtnt name.. Martln Bell TTUStee V￿COmm￿n￿Ac£oUIrtarKv 13

Holy Cross Gleadless Valley PCC

Notes to the Accounts For the year ended 31 December 2021

1 Accounting Policies

(a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 ( as updated through Update Bulletin 1 published on 2 February 2016), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ( FRS102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements have adopted Charities SORP (FRS102) Bulletin 1 and taken advantage of the exemption to prepare a Statement of Cash Flows.

The charity meets the definition of a public benefit entity as defined under FRS102. The financial statements are presented in sterling which is the functional currency of the charity and are rounded to the nearest £1.

(b) Income

Income is recognised in the SOFA when the charity has entitlement to the funds, any performance conditions attached to the monies have been met, the receipt of the income is probable and its amount can be reliably measured.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

(c) Expenditure and liabilities

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

(d) Tangible fixed assets

All items of capital expenditure below £500 are written off as incurred.

Depreciation has been calculated to write down the cost or valuation, less estimated residual value, of all tangible fixed assets over their expected useful lives on a straight line basis.

(e) Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

(f) Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

(g) Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest m

(h) Fund accounting

Unrestricted funds are donations and other income receivable or generated for the objects of the organisation without further specified purpose and are available as general funds.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific artistic projects being undertaken by the charity.

VAS Community Accountancy

14

Holy Cross Gleadless Valley PCC

Notes to the Accounts - continued For the year ended 31 December 2021

(i) Pensions

The organisation has a defined contributions pension scheme. Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme.

(j) Operating lease rentals

Rentals under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease

(k) Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

2 Income from donations and grants

ncome from donations and grants
Planned giving
Legacies
Giving via Collection plate
Other donations
Gift aid reclaimable
St Ebbe's UKMG - Families Worker
13:33 Trust - Families worker
St Luke's Wimbledon - International ministry
Emmanuel Wimbledon - Families Worker		 Unrestricted
funds
£
29,233
-
294
2,911
7,081
-
-
-
-		 Restricted
funds
£
-
-
-
4,772
-
6,000
6,000
3,000
-		 Total
2021
£
29,233
-
294
7,683
7,081
6,000
6,000
3,000
-		 Unrestricted
funds
£
30,401
33,045
1,475
4,134
7,698
-
-
-
-		 Restricted
funds
£
-
-
-
25,970
-
6,000
3,000
3,625		 Total
2020
£
30,401
33,045
1,475
30,104
7,698
-
6,000
3,000
3,625
39,519 19,772 59,291 76,753 38,595 115,348

VAS Community Accountancy

15

Holy Cross Gleadless Valley PCC

Notes to the Accounts - continued For the year ended 31 December 2021

3
4		 Income from charitable activities
Bookstall sales
Fees
Rents received
Other income
Expenditure on charitable activities
Note
People
Vicarage Expenses
Clergy Expenses
Staff salaries
5
Staff expenses
Buildings
Properties & Facilities
Major Repairs
Utilities
Insurance
Professional Fees
Ministry
Diocese - Common Fund
Diocese - Fees
Bookstall
Catering
Youth & Children
Women's ministry
Ministry Expenses
Parish Administration
Vicar's Discretionary Fund
Outreach work
Printing and Publicity
Website development
Training and Conferences
Independent examination fee
6
Mission Partners
Mission Partners		 Unrestricted
funds
£
198
1,713
9,518
692		 Restricted
funds
£
-
-
-
-		 Total
2021
£
198
1,713
9,518
692		 Unrestricted
funds
£
417
413
3,193
978		 Restricted
funds
£
-
-
-
-		 Total
2020
£
417
413
3,193
978
12,121 - 12,121 5,001 - 5,001
Unrestricted
funds
£
3,019
651
14,381
-
5,379
-
1,481
712
-
8,400
1,198
171
81
577
-
1,780
4,951
551
526
613
-
823
540
4,175		 Restricted
funds
£
-
-
14,150
-
-
-
-
-
-
-
-
-
-
-
-
910
-
1,265
-
-
-
-
-
-		 Total
2021
£
3,019
651
28,531
-
5,379
-
1,481
712
-
8,400
1,198
171
81
577
-
2,690
4,951
1,816
526
613
-
823
540
4,175		 Unrestricted
funds
£
3,096
805
-
515
6,347
6,315
1,533
709
3,702
8,200
338
272
425
399
384
6,571
6,768
961
1,971
471
1,182
385
660
4,640		 Restricted
funds
£
-
-
26,411
3,250
-
-
-
-
666
-
-
-
-
-
-
-
-
3,913
-
-
-
-
-
-		 Total
2020
£
3,096
805
26,411
3,765
6,347
6,315
1,533
709
4,368
8,200
338
272
425
399
384
6,571
6,768
4,874
1,971
471
1,182
385
660
4,640
50,009 16,325 66,334 56,649 34,240 90,889

VAS Community Accountancy

16

Holy Cross Gleadless Valley PCC

Notes to the Accounts - continued

For the year ended 31 December 2021

5 Staff Costs, Trustees' remuneration and expenses, and the cost of key management personnel

Salaries
Employer's National Insurance contributions
Employer's allowance
Pension costs		 2021
£
26,418
2,428
(2,428)
2,113		 2020
£
24,245
1,540
(1,540)
2,166
28,531 26,411

No employee received emoluments of more than £60,000. The average number of employees during the period was 1 (2020: 2).

The following employees were employed by the Charity whilst being Trustees during the year:

Employee
Position
P Kabaya
International Ministry Assistant		 Salary
£
26,418		 Expenses
£
-		 Pension
Contribution
£
2,113

Trustees were not paid and did not receive any other benefits in their capacity as trustees in the year (2020:£nil) neither were they reimbursed out of pocket expenses.

The Key management personnel of the charity comprise the Trustees, which include the Minister. Minister costs are shown below:

Common Fund contribution
Housing costs
6
Fees to independent examiner's organisation
Fee for independent examination
7
Debtors
Gift aid recoverable
Prepayments and accrued income
8
Creditors: amounts falling due within one year
Trade creditors
Accruals
Other taxes and social security
Other fees paid to Independent examiner's organisation for payroll administration		 2021
£
8,400
3,019		 2020
£
8,200
3,096
2021
£
540		 2020
£
660
103 174
2021
£
851
3,005		 2020
£
622
1,228
3,856 1,850
2021
£
-
1,289
399		 2020
£
74
1,155
296
1,688 1,525

VAS Community Accountancy

17

Holy Cross Gleadless Valley PCC

Notes to the Accounts - continued

For the year ended 31 December 2021

9 Designated funds

Youth and Children Ministry Fund
International Ministry Assistant fund
Vicar's Discretionary Fund
Building fund
Development fund		 Balance at
01-Jan-21
£
44,185
16,600
1,329
8,298
31,863		 Income
£
-
-
-
-
-		 Expenditure
£
-
(14,381)
(551)
-
-		 Transfers
£
5,000
5,000
1,000
-
-		 Balance at
31-Dec-21
£
49,185
7,219
1,778
8,298
31,863
102,275 - (14,932) 11,000 98,343

The transfers into the designated funds are transfers from the general fund for the following purposes.

Youth and Children Ministry Fund

We cannot rely on external funding for the Youth and Children's Worker and we are therefore steadily building up the fund from the General Fund to ensure there is sufficient to commit to a 3 year contract.

International Ministry Assistant Fund

The current contract for the International Ministry Assistant ends on 30 June 2022. As we cannot rely on external funding we are steadily building up the fund by transferring from the General Fund to ensure there is sufficient to fulfil the contract.

Vicar's Discretionary Fund

The PCC transfers into this fund to ensure there is always suffcient for the year.

Building Fund

An extension to the church is planned and in order to do this a substantial sum is needed to be raised. The PCC want, where possible, to transfer money into this fund.

Development Fund

This fund can be used for any developments approved by the PCC.

Analaysis of movement in designated funds - previous year
Youth and Children Ministry Fund
International Ministry Assistant fund
Vicar's Discretionary Fund
Building fund
Development fund		 Balance at
01-Jan-20
£
40,700
14,600
1,290
11,000
-		 Income
£
-
-
-
-
33,045		 Expenditure
£
(515)
-
(961)
(3,702)
(1,182)		 Transfers
£
4,000
2,000
1,000
1,000
-		 Balance at
31-Dec-20
£
44,185
16,600
1,329
8,298
31,863
67,590 33,045 (6,360) 8,000 102,275

10 Restricted funds

Youth and Children Ministry Fund
International Ministry Assistant Fund
Employment Fund
Vicar's Discretionary Fund
Earmarked Collection Fund		 Balance at
01-Jan-21
£
-
11,150
32,450
-
-		 Income
£
12,000
3,000
2,600
1,265
907		 Expenditure
£
-
(14,150)
-
(1,265)
(910)		 Transfers
£
-
-
-
-
3		 Balance at
31-Dec-21
£
12,000
-
35,050
-
-
43,600 19,772 (16,325) 3 47,050

Description, nature and purposes of the fund

Youth and Children Ministry Fund

Includes grants from the St Ebbe's UKMG and the 13:33 Trust. All Youth and Children's Worker employment costs are currently met by this fund.

International Ministry Assistant Fund

Includes grants from the Church Burgesses Trusts, St Luke’s Church Wimbledon and a specific legacy in 2016. All International Ministry Assistant employment costs are currently met by this fund.

Employment Fund

This was created this year to enable supporters to give towards the employment of staff to be determined by the PCC according to need.

VAS Community Accountancy

18

Holy Cross Gleadless Valley PCC

Notes to the Accounts - continued For the year ended 31 December 2021

10 Restricted funds (continued)

Vicar's Discretionary Fund

Includes specific donations and related Gift Aid where appropriate. This fund is used by the vicar to support individuals and families suffering hardship.

Earmarked Collection Fund

Includes donations to the church to be passed on for a specific purpose.

Analysis of movements in restricted funds - previous year
Youth and Children Ministry Fund
International Ministry Assistant Fund
Employment Fund
Vicar's Discretionary Fund
Building Fund		 Balance at
01-Jan-20
£
5,312
22,089
9,850
1,328
666		 Income
£
10,410
3,000
22,600
2,585
-		 Expenditure
£
(15,722)
(13,939)
-
(3,913)
(666)		 Transfers
£
-
-
-
-
-		 Balance at
31-Dec-20
£
-
11,150
32,450
-
-
39,245 38,595 (34,240) - 43,600

11 Net assets by fund

Net current assets
Prior year comparative
Net current assets		 General
funds
£
44,414		 Designated
funds
£
98,343		 Restricted
funds
£
47,050		 Total
2021
£
189,807
44,414 98,343 47,050 189,807
General
funds
£
37,751		 Designated
funds
£
102,275		 Restricted
funds
£
43,600		 Total
2020
£
183,626
37,751 102,275 43,600 183,626

12 Related party transactions

In addition to the disclosure in note 5 regarding trustee remuneration and expenses there were the following transactions with organisations connected to Trustees:

13:33 Trust, of which M Bell and D Middleton are Trustees, made a donation of £6,000 (2020: £6,000) to Holy Cross which was restricted to the Youth & Children Ministry Fund.

VAS Community Accountancy

19