## |Trustees|Trustees||||| |---|---|---|---|---|---| |The names ofthose||who have|served as trustees
from 1January 2020 until||the date this report was| |approved
are:|||||| |Ex officio members||ofthe PCC|||| |Licensed clergy|||Rev'd Roderick Corke (Vicar)|(Chairman)|| ||||ReVd Jonny Gordon (Curate)||| |Deanery Synod Members|||||| |(elected 2019,died||2020)|Mr Peter Young (died July 2020)||| |(elected 2020, retiring 2024)|||Mr Serner La Fontaine (Vice|Chairman)|| ||||Mr Derek Valentine||| ||||Mr Nick Jackson||| ||||Mr Richard
Wea the rill||| ||||Miss Sarah Maxfield-Phillips|(as member of|General Synod)| |Churchwarden|s||Mr Jeremy Tudge (until October 2020)||| ||||Mr Neil Paulley||| ||||Dr David Guy (from October|2020)|| |Ordinary
Members||ofthe PCC|||| |(Elected April|2017,|retired|Mrs Hilary Babb||| |October 2020)|||Mrs Anne Eglington||| ||||Mr Andrew
Horne (Treasurer|until November|2020)| ||||Mr Nick Maxfield-Philips||| |(Elected April|201B,|retired|Mrs Chris Pea rce||| |September
2020)|||||| |(Elected April|2018,|retiring|Iulrs Rebecca
Cask ie||| |May 2021)|||Mrs Rosamund
Panting||| ||||Mr Philip Weatheril!||| ||||Mr Howard
Wells||| |(Elected April|2019,|retired|Mrs Joan Willis||| |March 2020)|||||| |(Elected April 2019,||retiring|Mr Nick Logan||| |April 2022)|||Mrs Glenda Pocock||| ||||Dr Alistair Sawers (Secretary)||| ||||Mr Jeremy Wray||| |(Co-opted July|2020|until|Dr Thrisha John||| |October 2020)|||||| ## |(Elected|October 2020,|Mrs Sarah Goodbody|Mrs Sarah Goodbody||||||| |---|---|---|---|---|---|---|---|---|---| |retiring|April 2023)|Dr Thri she John|(Treasurer from|||Noveinber||2020)|| |||Mrs Gillian
Maxim|||||||| |||Mrs Helen Wall|||||||| |||Mr Timothy
Wolff|||||||| |Principal|Officers|Rev'd Roderick|Corke|(Chairman||ofthe PCC)|||| |||Mr Semer La Fontaine||(Vice-Chairman|||ofthe PCC)||| |||Mr Andrew
Horne (Treasurer|||to|the PCC until November|||2020)| |||Dr Thrisha
John|(Treasurer to the PCC from November||||||2020)| |||Mr Jeremy Tudge (Churchwarden||||until|October 2020)||| |||Ivlr Neil Paulley|(Churchwarden)||||||| |||Dr David Guy (Churchwarden|||from October|||2020)|| |||Dr Alistair Sewers (Secretary|||to the PCC)||||| |Charity number||1128064|||||||| |Principal|address|The Parish Office|||||||| |||Church
House|||||||| |||Church Street|||||||| |||Ma Ivem|||||||| |||WR14 2AY|||||||| |Auditor||Jcendall Wadley|LLP||||||| |||Grants
Lodge|||||||| |||71Graham
Road|||||||| |||Malvern|||||||| |||Worcestershire|||||||| |||WR14 2JS|||||||| |Bankers||Lloyds Bank pic|||||||| |||48 Belle Vue Terrace|||||||| |||Ma!vern|||||||| |||Worcestershire|||||||| |||WR14 4CLG|||||||| |||HSBC Bank pic|||||||| |||1Church Street|||||||| |||Malvern|||||||| |||Worcestershire|||||||| |||WR14 2AB|||||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Current financial|year|||||||| |---|---|---|---|---|---|---|---|---| ||||Unrestricted|Unrestricted|Restricted|Endowment|Total|Total| ||||funds|funds|funds|funds||| ||||9en era I|das ig na ted||||| |||Notes|2020|202Df|2020
E|2D20
E|2020|2019
6| |ID!HUB!LfKrJLL||||||||| |Voluntary
income|||270,454|391,000|10,645||672,099|411,446| |Incoming
resources||||||||| |from charitable||||||||| |activities|||23,815|450|24,529||48,794|78,587| |Activities for generating||||||||| |funds|||5,011||||5,011|24,831| |Investments|||3,563||||3,563|2,614| |Total income|||302,843|391,450|35.174||729,467|517,458| |~E!~||||||||| |Raising funds|||4,715||||4,715|43,739| |Charitable
activities||8|318,082|3,016|35,644||356,742|548,217| |Tata I resources||||||||| |expended|||322,797|3,016|35,644||361,457|591,956| |Net gains/(losses)|on|||||||| |investments||13|32||57|5,659|5,748|13,133| |Net (out going)I||||||||| |incoming
resources||||||||| |before transfers|||(19,922)|388,434|(413)|5,659|373,758|I61,365)| |Gross transfers||||||||| |between
funds||14|40,497|(53,383)|12,886|||| |Net movement
in|funda||2D,575|335,051|12,473|5,659|373,758|(61,365)| |Fund balances at|1|||||||| |January 2020|||99,426|79,984|50,363|85,651|315,424|376,789| |Fund balances at|31|||||||| |December 2020|||120 l001|4I5 035|62.836|91,310|689,182|315,424| ## ## |Prier financial year|Prier financial year||||||||| |---|---|---|---|---|---|---|---|---|---| ||||||Unrestricted|Unrestricted|Restricted|Endowment|Total| ||||||funds|funds|funds|funda|| ||||||gene raf|designated|||| ||||||2019|2019|2019|2019|2019| ||||||6|6|||| |J!IgggakfKiJtU|||||||||| |Voluntary
income|||||285.488|6,280|119,678||411,446| |Incoming resources||from|||||||| |chants ble activities|||||44,725|1,771|32,071||78,567| |Activities
for generating|||funds||24,831||||24,831| |Investments|||||2,814||||2,614| |Totallncome|||||357,658|8,051|151,749||517,458| |Exuftnttitgmdttb|||||||||| |Raisin g fun ds|||||43,739||||43,739| |Charitable
activities||||8|470,678|1,257|76,012||548,217| |Total resources expended|||||515,944||76,0'I2||591,956| |Net gains/(losses)|on investments||||||||| |||||13|15||150|12,968|13,133| |Net (outgoing)fincoming|||||||||| |resources before|transfers||||(150,220)||75,887|12,968|(61,365)| |Gross transfers
behveen|||funds|14|138,347|(5,474)|(132,873)||| |Net movement
In|funds||||(18,667)|1,320|(56,968)|12,968|(81,365)| |Fund balances at
1|January 2019||||118,093|78,664|107,349|72,883|376,789| |Fund balances at|31 Oecernber||||||||| |2019|||||99,426|79,984|50,363|85,651|315,424| ## ## |||||2020||2019|| |---|---|---|---|---|---|---|---| ||||Notes|||9|| |Fixed assets|||||||| |Investments|||15||145,344||139,596| |Current assets|||||||| |Debtors|||17|21,439||20,078|| |Investments|||18|494,612||129,612|| |Cash at bank and|in|hand||37,151||65,740|| |||||553,202||215,430|| |Creditors: amounts||falling due within|19||||| |one year||||(9,364)||(39,602)|| |Net current assets|||||543,83S||175,828| |Total assets less|current liabilities||||689,182||315,424| |Capital funds|||||||| |Endowment
funds|||21||9'l,310||85,651| |Income funds|||||||| |Restricted
funds|||22||62,836||50,363| |llmettt00(B(L(ugtta|||||||| |Designated
funds||||415,035||79,964|| |General unrestricted||funds||120,001||99,426|| ||||||535,036||179,410| ||||||689,182||315,424| ## ## ||||||2020|||2019| |---|---|---|---|---|---|---|---|---| |||||Notes|8|||| |Cash flows from operating||activities||||||| |Cash generated
from/(absorbed|||by)|26||||| |operations||||||332,848||| |Investing|activities|||||||| |Cash transferred
to investments|||||(365,000)|||| |Interest received|||||3,563||2,614|| |Net cash|(used In)igensrated||from|||||| |investing|activities|||||(361,437)||| |Nst cash|used
In financing|activities||||||| |Net decrease
in cash and||cash equivalents||||(28,589)||| |Cash and|cash equivalents|at beginning||ofyear||65,740||| |Cash and|cash equivalents|at|end of|year||37,151||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||||||D|O|CCI||||OOOQPODD'NCA
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ft| ## ## |||||Unrestricted|Unrestricted| |---|---|---|---|---|---| |||||funds|funds| |||||general|general| |||||2020|2019| |||||6|| |Fun draising||events|||19,959| |Malvern|Priory Magazine|||5,01'I|4,872| |Activities|for|generating|funds|5,011|24,831| ## ||||||Unrestricted|Unrestricted| |---|---|---|---|---|---|---| ||||||funds|funds| ||||||general|general| ||||||2020|2019| |||||||6| |Inoome|from listed investments||||1,714|1,666| |Interest|receivable||||1.849|946| ||||||3,563|2,614| |Raising|funds|||||| ||||||2020|2019| |Fundraisin||n
u|li|i||| |Outreach,||fundraising||and publicty||38.404| |~i~i||||||| |Magazine||—direct costs|||4,715|5,335| ||||||4,715|43,739| ## ## ||||C harite ble|Costs of|Total|Total| |---|---|---|---|---|---|---| ||||objectives|ministry|2020|2019| ||||F|6|6|f| |Staff costs||||96,900|96,900|101,663| |Various projects (breakdown||on next page)|35,644||35,644|76,012| |Ministry - diocesan|parish share|||128,100|128,'I00|125,250| |Clergy costs||||3,572|3,572|5,822| |Church
running
expenses||||36,935|36,935|41,456| |Church maintenance||||7,614|7,614|137,915| |Cost ofservices||||2,079|2,079|3,292| |Miscellaneous
(indu ding room hire)||||6,214|6,214|9,990| |Youth and Children's|work|||107|107|1,447| |Promotion
and Outreach||||208|206|864| |Olferings
gifted||||150|150|843| |Altar supplies
and flowers||||745|745|2,208| |Other costs||||187|'!87|1,534| ||||35,644|282,811|318,455|508,116| |Grant funding
of activities (see note 9)||||21,990|21,990|24.990| |Support costs (see note 10)||||7,164|7,164|5,722| |Governance costs (see note||10)||9,133|9,133|9,389| ||||35,644|321,098|356,742|548,217| |Analysis
by fund||||||| |Unrestncted
funds
—general||||318,082|318,082|| |Unrestricted
funds -|designated|||3,016|3,016|| |Restricted funds|||35,644||35,644|| ||||35844|32'l 098|356742|| |For the year ended|31 Oecember 2019|||||| |Umestricted
funds -|general|||470,948||470,948| |Unrestricted
funds -|designated|||1 257||1,257| |Restricted
funds|||76,012|||76,012| ||||76,012|472,205||548,217| ## ## |Various proje|cts||||||||| |---|---|---|---|---|---|---|---|---|---| |||||||||2020|2019| |||||||||f|f| |Church
flowers|purchase|||||||433|1,074| |Offerings
Gifted||||||||1,105|6,332| |Chnstmas
Outreach|||and|weloome|days|||17|1,950| |Church
house|renovation|||and repurposing||costs||15,373|89| |Church
restoration||costs|||||||1,488| |Other costs|||||||||3,070| |Weddings
and|funerals|||||||5,498|7,056| |Porch room development,||||cushion|replacement||8,||| |piano repairs||||||||11,102|1,673| |Messy church||||||||362|635| |Other event costs|||||||||24,170| |Furtherance
of|bellrin||ging||||||380| |Priory plan||||||||1,764|28,095| |||||||||35,644|76,012| |Grants payable|||||||||| |||||||||2020
f|2019f| |Grants to institutions|||||||||| |CliilS||||||||1,610|2,370| |Crosslinks||||||||1,200|2,800| |CPAS||||||||1,590|1,300| |Tearfund||||||||1,520|| |Bible Society||||||||1,610|3,670| |Christians
Against||Poverty||||||2,000|4,000| |Other grants &f1,000|||||||||4,580| |Eifewords||||||||1,610|2,3'70| |Care for the Family||||||||1,590|1,300| |Scripture
Union||||||||1,590|1,300| |Care Trust||||||||1,690|1,300| |Open Doors||||||||1,520|| |Friends of Marsabit||||||||1,520|| |Care Trust||||||||1,520|| |Mosaic lvliddle|East|||||||1,520|| |||||||||21,990|24,990| ## ## |Support coats||||||| |---|---|---|---|---|---|---| ||Support|Governance|2020|2019|Basis ofallocation|| ||costs|costs||||| ||8|||||| |Staff costs||5,895|5,895|5,258|Time spent|| |Ofhce costs|3,854||3,854|4,858|Charitable|activities| |Subscnptions|1,390||1,390|851||| |Postage and stationery|1,920||1,920|12||| |Audit fees||2,730|2,730|2,730|Governanos|| |A ceouniancy||508|508|401|Governance|| ||7,164|9,133|16,297|15,110||| |Analysed
between||||||| |Chants hie activities|7, 'I64|9,133|16,297|15,110||| ## ## ## ## |The average
monthly
number ofemployees
during
the|year was|| |---|---|---| ||2020|2019| ||Number|Number| |Ministry and administration||| |Employment
costs|2020|2019| ||8|| |Wages and salaries|86,112|89,305| |Social security costs|2,717|4, 122| |Other pension costs|8,071|8,256| ||96,900|101,683| ## |||Unrestricted|Restricted|Endowment|Total|Total| |---|---|---|---|---|---|---| |||funds|funds|funds|2020|2019| |||5|2|||2| |Revaluation|of investments|32|57|5,659|5,748|13,'f33| |For the year||||||| |ended 31||||||| |December 2019||15|150|12,968||13,133| ## ## ## ## |16|Fixed asset invest|men|ts||||| |---|---|---|---|---|---|---|---| |||||Listed|Cash in|Unlisted|Total| |||||Investments|portfolio|investments|| |||||6|||| ||Cost or valuation||||||| ||At 1 January 2020|||164|55,792|83,640|139,596| ||Valuation
changes|||32||5,716|5,748| ||At 31 December 2020||||55,792|89,356|145,344| ||Carrying
amount||||||| ||At 31 Deoember 2020|||196|55,792|89,356|145,344| ||At 31 December 2019|||164|55,792|83,640|139,596| |16|Financialinstruments|||||2020|2019| |||||||8|| ||Carrying
amount|offinancial assets|||||| ||Instruments
measured||at fair value through|profit or loss||494,612|129,612| |17|Debtors||||||| |||||||2020|2019| ||Amounts
falling due within one year:||||||| ||Grants receivable|||||10,645|| ||Gift Aid and recoverable||VAT|||10,032|13,682| ||Other debtors|||||762|6,396| |||||||21,439|20,078| |18|Current asset investments||||||| |||||||2020|2019| ||||||||8| ||Cash deposits|||||494,612|129,612| ## ## |Creditors: a|mounts
f|alling dus within one year||| |---|---|---|---|---| ||||2020|2019| ||||f|| |Other taxation|and social security||1,895|2,103| |Accruals and|deferred|income|7,469|37,499| ||||9,364|39.602| ## ## ## ## ## ## |||||Balance at|Balance at|Investments|Balance st|Investments|Balance at| |---|---|---|---|---|---|---|---|---|---| |||||1 January|2010|gainslllcssasl1|January
2020|galnslllcasesi|St becember| ||||||||||2020| ||||||||||8| |Permanent|endowments||||||||| |Febric Barlow|||||3,358||3,358||3,358| |B.Woodyatt||bequest|1179||5,781|1,061|6,862|472|7,334| |B.Woodyatt||bequest|1181|1'f,546||2,160|13,706|942|14,648| |R.P, Petty 1190|||||3,843|719|4,562|314|4,876| |H.W. Williams||fund 1366||48,155||9,008|57,163|3,931|61,094| |||||72,683||12,968|85,651|5,659|91,310| |||||||'tc|h|O||||||CD|CD||||RN|RN|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||cv||||||||||||IO|||| ||||||||||||||||cc||||||||| |I-Z||||D.0|||||||||||||||||||| |||||\I0D.|||||||||||||||||||| |||||CI|||||||||||||||||||| |OZ||||0
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O|| ## ## ## ||There were no disclosable
related|party transactions|party transactions|during|during|the year (2019-none).||| |---|---|---|---|---|---|---|---|---| |28|Cash generated
from operations||||||2020|2019| ||||||||8|| ||Surplus/(deficit)
for the year||||||373,758|(61.365)| ||Adiustments
for:|||||||| ||Investment
income recognised
in|statement|offinancial||activities||(3.563)|(2,614)| ||Fair value gains and losses on investments||||||(5,748)|(13,133)| ||Movements
in working
capital:|||||||| ||(Increase)/decrease
in debtors||||||(1,361)|40,975| ||(Decrease)/increase
in creditors||||||(30,238)|29,447| ||Cash generated
from/(absorbed|by) operations|||||332,848|(6,690)| |27|Analysis
ofchanges
in net debt|||||||| ||The PC C.had no debt during
the|year|||||||