||Contents
ofthe Financial Statements
frh
r
n
1D|Contents
ofthe Financial Statements
frh
r
n
1D||||
|---|---|---|---|---|---|
|||||Page||
|Reference|and Administrative
Details|||||
|Report of|the Trustees||2|to|5|
|Report of|the Independent
Auditors||6|to|8|
|Statement|of Financial
Activities|||||
|Statement|of Financial
Position|||10||
|Notes to the Financial Statements|||11|to|17|
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|Trustees||Agnes Abrahim||(resigned|(resigned|3"December 2020)|
|---|---|---|---|---|---|---|
|||Paul Bailey|||||
|||Peter John Bigley|||||
|||Hazel Bloxham|||||
|||Gillian Elizabeth||Devise|||
|||Christine
Granby|||||
|||Lloyd Leaberd|Hamilton||||
|||Rebecca Lucy|Howard||||
|||Kevin Love|||||
|||Joan McDonald|||||
|||Ursula
Pitt (resigned tge||||October 2020)|
|||Gary Roberts|||||
|||Martyn
Roy Treadgold|||||
|||Ven. Archdeacon||ofWslsall|||
|Principal address||cfo Mrs JSStyler|||||
|||8Yamborough|Hill||||
|||Stourbridge|||||
|||West Midlands|||||
|||DYS2EB|||||
|Registered|charity number|216308|||||
|Auditors||Haines Watts Birmingham||||LLP|
|||5-6 Grssnfield|Crescent||||
|||Edgbaston|||||
|||Birmingham|||||
|||8153BE|||||
|Bankers||National Westminster|||Bank Ptc||
|||309High Street|||||
|||West Bromwich|||||
|||West Midlands|||||
|||B708LX|||||
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|||f|r th
r|31 Decemb|er 2020|||
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
|||||Revenue|Capital|Total|Total|
|||||fund|fund|funds|funds|
||||Notes|6|6|6|6|
|Income and endowments||from||||||
|Investment
income|||2|4,706|206,382|211,088|421,683|
|Total income||||4,706|206,382|211,oes|421,683|
|Expenditure
on||||||||
|Raising funds|||3|3,609|18,696|22,305|91,008|
|Charitable
activities|||4|||||
|- Grant giving||||Tes,sst||783,841|605,445|
|Total expenditure||||787,450|18,696|806,146|696,453|
|Net gains/(losses)|on investments|||DDDDD|~2l3004)|~703,M4)|1846625|
|Net (expenditure)/Income||||(732,744)|(55,378)|(788,122)|1,571,855|
|Transfers between funds|||12|537,000|~M7.500)|||
|Net movement
in|funds|||(195,235)|(592,887)|(788,122)|1,571,855|
|Reconciliation
of|funds|||||||
|Total funds brought|forward|||777,897|16,167,939|16,945,836|15,373,981|
|Total funds carried forward||||502,M2|10575 D52|16157714|10.040.036|
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|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||Revenue|Capital|Total|Total|
|||||fund|fund|funds|funds|
||||Notes|8|6|8|6|
|Fixed assets||||||||
|Investments||||||||
|Investments|||8||14,561,382|14,581,382|15,145,291|
|Investment|property||9|190000|1,013670|13036711|1,184,335|
|||||190,000|15,575,052|15,785,052|16,329,626|
|Current assets||||||||
|Debtors|||10|29,638||29,638|16,071|
|Cash at bank||||373,463||373,483|643,656|
|||||403,101||403,101|659,727|
|Credkors||||||||
|Amounts
falling due within one year|||11|(109439)||(10,439)|(43,517)|
|Net current|assets|||392,862||392,882|616,210|
|Total assets||less current IlabEities||582,662|15,575,052|18,157,714|16,945,636|
|NET ASSETS||||582,662|15,575,052|16,157,714|16,945,836|
|Funds||||||||
|Unrestricted||funds||||582,862|777,597|
|Restricted funds||||||15,575,052|16,167,939|
|Totalfunds||||||10157714|15045.030|
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|||||||2020|2019|
|---|---|---|---|---|---|---|---|
|||||||6|6|
|Contributions||to Parish Church Councils||||531,209|328,874|
|Contributions
Contributions||to incumbents
to incumbents'|stipsnds
and lay|snd trust funded workers
workers' expenses||216,610
~6730|230,352
19,056|
|||||||754,549|623,744|
|Support costs||- Secretarial fees||||2,850|2,750|
|Support costs||-Clerk's fees||||15,000|15,000|
|Governance|costs (ses nots||5)|||10,452|9,513|
|||||||~782851|605,445|
|||||||2020|2019|
|||||||6|6|
|ibutions|to Parish Church||Councils|||||
|A9 Saints||||Administration|grant|10,000|10,000|
|||||Lighting||4,120|2,750|
|||||Drainage works||130,353|8,020|
|||||Fire assessment|||1,538|
|||||Fire alarm||17,371||
|||||Architects fees||10,796||
|||||Archaeologists|fees|2,702||
|||||Hopkins dnve|||11,228|
|St Mary Magdalene||||Administration|grant|10,000|10,000|
|||||Electrical repairs|||2,046|
|Good Shepherd||||Administration|grant||10,000|
|Holy Trinity||||Administration|grant|10,000|10,000|
|||||CCTV|||693|
|||||Flooring repairs|||2,635|
|||||Jubilee bibles|||2,427|
|||||Defibrillator|||2,890|
|||||Jubilee bursary||7,150||
|StAndrews||||Administration|grant|10,000|10,000|
|||||Defibdillstor|||1,432|
|||||Furniture
purchases|||1,850|
|||||Plaster repairs|||930|
|||||Decoration||7,977|1,440|
|||||Lighting|||2,270|
|StFrancis'||||Administration|grant|10,000|10,000|
|||||Car park planning fees||930||
|||||Refurbishments||5,824||
|||||Architects fees||2,520||
|StJames'||||Adminlstragon|grant|10,000|10,000|
|||||Safe Families fcr Children||8,667|4,750|
|||||Boiler replacement|||10,960|
|||||CCTV|||399|
|||||Bathroom works||3,600||
|||||Balcony room|||720|
|||||West Bromwich|youth project|1,194||
|St Paul's||||Administration|grant|10,000|10,000|
|||||Safe Families for Children||8,667|4,750|
|||||Seating casts||1$,220|13,950|
|Carrisd forward||||||288,091|157,888|
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|||||||n
il|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2020
f|2019
f|
|Brought forward|||||||||||295,091|157,668|
|StPeter's|||||||Administration||grant||10,000|10.000|
||||||||Safe Families for|||Children|8,657|4,750|
||||||||Reordering|||||2,004|
||||||||Roof repairs||||40,010|118,860|
||||||||Architects fees||||3480|7,860|
||||||||Kitchen works||||16,180||
||||||||VAT refund||||(11,563)||
|St Phi5ip's|||||||Administration||and music grant||10,000|10,000|
||||||||Tree fe8lng||||1r300||
||||||||Lighting||||5,400||
|Sandwell|Churches|||Link|||Work grant||||10,000|5,000|
|Transforming||Communities|||||Just Finance|minister|||10,000|600|
|West Bromwich|||Youth Protect|||||||||11,833|
|Contribution||to churches'|||Parish Share||||||1$1,944||
|(rs; pandemic)|||||||||||||
||||||||||||~531209|~328674|
||||||||||||2020
f|2019
f|
|Contributions||to|incumbents'|||and lay workers'|expenses||||||
|West Bromwich|||Deanery||Synod||Expenses||||4,200|4,200|
|Holy Trinity|||||||Ministry trainee||||1,575|5,775|
|A8 Saints|||||||Vicar sedling||in|aaowancs|||
|A8 Saints|||||||Curate setaing|||in allowance||2,500|
|St Mary Magdalene|||||||Sedling
in allowance|||||1,250|
|St Paul's|||||||Children's|worker expenses||||1,581|
|St Andrew'|s||||||Ssdling
in allowance|||||1,250|
|St Andrew'|s||||||Workers expanses||||408||
|StJames'|||||||Settling
in allowance|||||2,500|
||||||||||||6,730|19,056|
||||||||||||2020
6|2010
f|
|Contributions||to|incumbents'|||sbponds and trust funded workers|||||||
|A8 Saints|||||||||||64,412|66,755|
|Holy Trinity|||||||||||36,815|38,905|
|StAndrew'|s||||||||||11,771|14,363|
|St Francis'|||||||||||11,771|14,363|
|StJemesySt||Paul's|||||||||35,454|21,208|
|St Peter's|||||||||||2,551|9,957|
|St Phi8ip's|||||||||||5,885|7,181|
|Workplace missioner
West Bromwich Pioneer Leader|||||||||||20,582
~27369|26,889
~30731|
||||||||||||~216610|230 352|
##
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||||||2020|2019|
|---|---|---|---|---|---|---|
||||||6|6|
|Auditors'|remuneration||||7,740|6,750|
|Auditors'|remunersfion|for|non-audit|work|3,702|2,863|
||||||11,442|9,613|
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|Compsrstives
forthe stat|ement offinancial acti|vities-year ended 31 Dece|mber 2019||
|---|---|---|---|---|
|||Revenue|Capital|Total|
|||fund|fund|funds|
|||6|8|8|
|Income and endowments|from||||
|Investment
income||11,262|410,421|421,683|
|Total income||11,262|410,421|421,683|
|Expendkure
on|||||
|Raising funds||6,208|84,800|91,008|
|Charitable
activities|||||
|—Grant giving||605,445||605445|
|Total expenditure||611,653|84,800|696,453|
|Net gains on investments|||1,846,625|1,846,625|
|Net (expenditure)/income||(600,391)|2,172,246|1,571,855|
|Transfers between funds||1.232.183|~1.232.1837||
|Net movement
in funds||631,792|940,063|1,571,855|
|Reconcgladon
offunds|||||
|Total funds brought forward||146,105|15,227,876|15,373,981|
|Total funds carried forward||777.897|16,187,839|16898836|
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|The market
value
of investments
as at 31 December
2020
69,387,455(2019:f3,308,449).The balance relates to investment|The market
value
of investments
as at 31 December
2020
69,387,455(2019:f3,308,449).The balance relates to investment|The market
value
of investments
as at 31 December
2020
69,387,455(2019:f3,308,449).The balance relates to investment|The market
value
of investments
as at 31 December
2020
69,387,455(2019:f3,308,449).The balance relates to investment|The market
value
of investments
as at 31 December
2020
69,387,455(2019:f3,308,449).The balance relates to investment|The market
value
of investments
as at 31 December
2020
69,387,455(2019:f3,308,449).The balance relates to investment|The market
value
of investments
as at 31 December
2020
69,387,455(2019:f3,308,449).The balance relates to investment|attributable
assets held|to assets
held
in the UK.|to assets
held
in the UK.|outside|the
UK is|
|---|---|---|---|---|---|---|---|---|---|---|---|
|The fair value ofthe|fixed asset||investments||is made up of:|||||||
||||||||||2020||2019|
||||||||||6||6|
|Investments
—Bardays Wealth||||||||735,970||14,802,290||
|Cash held with porffolio —Bardays Wealth|||||||||||224,790|
|Investmsnts
—CCLA||||||||13020 412|||118,211|
|||||||||14,001 302||15|140.201|
|Investment
property||||||||||||
|Fair value||||||||||||
|At 1January2020||||||||||1,184,335||
|Disposals|||||||||||(30,665)|
|Revaluation|||||||||||50,000|
|At 31 December 2020||||||||||~1|"203670|
|The fair value ofinvestment||property||is made up of:||||||||
||||||||||2020||2019|
||||||||||6||6|
|Revenuefund||||||||||||
|210Friar Park Road|(Purchased||September||2008)|||190,000|||140,000|
|Capital fund||||||||||||
|Ground
rents||||||||1,013,670||1,044,335||
|||||||||1203010||1|104.335|
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|||||||2020f|2019f|
|---|---|---|---|---|---|---|---|
||Lichfield Diocesan Board of Finanos|||||23,385||
||Rents and insurance
outstanding|||||5,068|3,803|
||Accrued
dividend
income|||||1,185|12,268|
|||||||29,638|16,071|
|11.|Creditors: amounts
falling due within one year|||||2020f|2019f|
||Accruals and deferred
income|||||10,439|31,137|
||Lichfield Diocesan Board of Finance||||||12,380|
|||||||10,439|43,517|
|12.|Movement
In funds|||||||
||||||Revenue|Capital|Total|
||||||fund
f|fund
f|f|
||At 1 January 2020||||777,897|16,167,939|16,945,836|
||Net (outgoing)fincoming
resources
Transfer between funds||||(782,744)
037.000|187,686
~037.609)|(595,058)|
||||||532,662|15,818,116|16,350,778|
||Realised losses on sale of investments|||||(1,206,761)|(1,206,761)|
||Realised losses on sale ofinvestment||property|||(1,665)|(1,665)|
||Unrealised
gains on revaluation|ofinvestments||||965,362|965,362|
||Unrealised
gains on revaluation|of investment||property|50,000||50,000|
||||||5D DDD|~243004)~493004)||
||At 31December 2020||||002,002|15575052|1015771~|
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