# ## ## |Fxofficio members ofthe|Fxofficio members ofthe|PCC|| |---|---|---|---| |Licensed|clergy|Rev'd Roderick Corke (Vicar) (Chairman)|| |||Rev'd Jonny Gordon (Curate) (resigned|December 2022)| |Deanery|Synod Members||| |(Elected|October 2020,|Mr Semer La Fontaine|| |retiring July 2023)||Mr Derek Valentine|| |||Mr Richard Weatherill|| |(Elected|October 2020,|Mr Nick Jackson|| |resigned|April 2022)||| |(Elected|April 2022,|Mrs Rachel Huntley|| |retiring July 2023)|||| |(Elected|May 2022,|Mrs Gillian
Maxim|| |retiring July 2023)|||| |Churchwardens||Mr Neill Paulley|| |||Dr David Guy|| |(Elected April 2019, retiring|Mr Nick Logan|Mr Nick Logan| |---|---|---| |April 2022)|Mrs Glenda Pocock|| ||Dr Alistair Sawers|| ||Mr Jeremy|Wray| |(Elected October 2020,|Dr Thrisha|John (Treasurer)| |retiring May 2023)|Mrs Helen|Wall (Vice-Chairman)| ||Mr Timothy|Wolff| |(Elected October 2020,|Mrs Gillian|Maxim| |resigned
May 2022)||| |(Elected May 2021, retiring|Mrs Judith|Butler| |April 2024)|Mr Robert|Sykes| |(Elected May 2021, resigned|Mrs Rachel Huntley|| |Apnl 2022)||| |(Elected April 2022, retiring|Mr James|Hall| |April 2025)||| |(Co-opted Apnl 2022, retinng|Dr Alistair Sawers (Secretary)|| |May 2023)|Mr Jeremy|Wray| ## ## |Principal|Officers|Officers|Rev'd Roderick Corke (Chairman|Rev'd Roderick Corke (Chairman|ofthe PCC)| |---|---|---|---|---|---| ||||Mrs Helen Wall (Vice-Chairman||of the PCC)| ||||Mr Neil Paulley (Churchwarden)||| ||||Dr David Guy (Churchwarden)||| ||||Dr Thrisha John|(Treasurer to the PCC)|| ||||DrAlistair Sawers (Secretary to||the PCC)| |Charity|number||1128064||| |Principal|address||The Parish Office||| ||||Church House||| ||||Church Street||| ||||Malvern||| ||||WR14 2AY||| |Auditor|||Kendall Wadley|LLP|| ||||Granta Lodge||| ||||71 Graham
Road||| ||||Malvern||| ||||Worcestershire||| ||||WR142JS||| |Bankers|||Lloyds Bank Pic||| ||||48 Belle Vue Terrace||| ||||Malvern||| ||||Worcestershire||| ||||WR14 4QG||| ||||HSBC Bank pic||| ||||1 Church Street||| ||||Malvern||| ||||Worcestershire||| ||||WR14 2AB||| ||||CAF Bank Ltd||| ||||25 Kings
Hill Avenue||| ||||West Mailing||| ||||Kent||| ||||ME194JQ||| |Investment||advisors|CCLA Investment
Management||Limited| ||||85 Queen Victoria Street||| ||||London||| ||||EC4V4ET||| ## ## |||Page| |---|---|---| |Trustees'
report||1-10| |Statement ofTrustees'|responsibilities|| |Independent
auditor's|report|12-14| |Statement offinancial|activities|15-16| |Balance sheet||| |Statement ofcash flows||18| |Notes to the financial|statements|19-38| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Current financial year|Current financial year||||||||| |---|---|---|---|---|---|---|---|---|---| ||||Unrestricted|Unrestricted||Restricted|Endowment|Total|Total| ||||funds||funds|funds|funds||| ||||general||designated||||| ||||2022||2022|2022|2022|2022|2021| |||Notes|||f.||f.||| |~ln
irl~fom:|||||||||| |Voluntary
income||3|260,932|||75,670||336,602|273,479| |Incoming resources|||||||||| |from charitable
activities||4|77,656||1,984|97,799||177,439|93,023| |Activities for generating|||||||||| |funds||8|6,045|||||6,045|5,661| |Investments||6|11,303|||1,172||12,475|4,108| |Total income|||355,936||1,984|174,641||532,561|376,2?1| |Ex enditure on:|||||||||| |Raising funds|||3,765|||||3,765|3,748| |Charitable
activities|||333,799||58,225|157,120||549,144|361,204| |Total resources|||||||||| |expended|||337,564||58,225|157,120||552,909|364,952| |Net gains/{losses)|on||||||||| |investments||13|(28,954)|||(246)|(11,835)|(41,035)|19,820| |Net|||||||||| |(outgoing)/incoming
resources before|||(10,582)||(56,241)|17,275|(11,835)|(61,383)|31,139| |transfers|||||||||| |Gross transfers
between|||||||||| |funds||14|(8,275)||(18,992)|27,267|||| |Net movement
in|funds||(18,857)||(75,233)|44,542|{11,835)|{',61,383)|31,139| |Fund balances at 1|||||||||| |January 2022|||120,000||390,294|106,135|103,892|720,321|689,182| |Fund balances at|31||||||||| |December 2022|||101,143||315,061|150,677|92,057|658,938|720,321| ## ## |Prior financial year|Prior financial year||||||||| |---|---|---|---|---|---|---|---|---|---| |||||Unrestricted|Unrestricted||Restricted|Endowment|Total| |||||funds||funds|funds|funds|| |||||general||designated|||| |||||2021||2021|2021|2021|2021| ||||Notes||||||| |Income from|||||||||| |Voluntary
Income||||267,836||5,643|||273,479| |Incoming resources from|||||||||| |charitable
activities||||35,291||186|57,546||93,023| |Activities for generating||funds||5,661|||||5,661| |Investments||||3,481|||627||4,108| |Total income||||312,269||5,829|58,173||376,271| |Ex enditure
n|||||||||| |Raising funds||||3,748|||||3,748| |Charitable
activities||||338,693||11,800|10,711||361,204| |Total resources expended||||342,441||11,800|10,711||364,952| |Net gains/(losses)|on investments||13|7,241|||(3)|12,582|19,820| |Net (outgoing)/incoming|||||||||| |resources before|transfers|||(22,931)||(5,971)|47,459|12,582|31,139| |Gross transfers
between||funds||22,930||(18,770)|(4,160)||| |Net movement
in|funds|||(1)||(24,741)|43,299|12,582|31,139| |Fund balances at 1 January 2021||||120,001||415,035|62,836|91,310|689,182| |Fund balances at|31 December||||||||| |2021||||120,000||390,294|106,135|103,892|720,321| ## ## ## |||||2022|||| |---|---|---|---|---|---|---|---| ||||Notes||||| |Fixed assets|||||||| |Investments|||||474,130||315,164| |Current assets|||||||| |Debtors|||17|58,356||21,890|| |Investments|||18|144,612||344,612|| |Cash at bank and in||hand||76,192||68,282|| |||||279,160||434,784|| |Creditors:|amounts|falling due within|19||||| |one year||||(94,352)||(29,627)|| |Net current|assets||||184,808||405,157| |Total assets less current liabilities|||||658,938||720,321| |Capital funds|||||||| |Endowment|funds||21||92,057||103,892| |income funds|||||||| |Restricted|funds||22||150,677||106,135| |Unrestricted|funds||||||| |Designated|funds||23|315,061||390,294|| |General unrestricted||funds||101,143||120,000|| ||||||«6,204||510,294| ||||||658,938||720,321| ## ## ## ||||||2022||2021|| |---|---|---|---|---|---|---|---|---| |||||Notes|E||E|| |Cash flows from operating|||activities|||||| |Cash (absorbed||by)/generated
from||27||||| |operations||||||(4,565)||27,023| |Investing|activities|||||||| |Interest received|||||12,475||4,108|| |Net cash|generated
from||investing|||||| |activities||||||12,475||4,108| |Net cash|used|in financing|activities|||||| |Net increase In||cash and cash equivalents||||7,910||31,131| |Cash and|cash equivalents||at beginning|of year||68,282||37,151| |Cash and|cash|equivalents|at end of|year||76,192||68,282| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Various|Collecting|Collecting|Other|Facility|Total|Total| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||projects||box|donations|fees|2022|2021| ||||||||f.|f.|F.||F.| |Charitable|rental|||income|||||5,832|5,832|5,008| |Other income|||||97,799||25,848|38,777|9,183|171,607|88,015| ||||||97,799||25,848|38,777|15,015|177,439|93,023| |Analysis
by fund|||||||||||| |Unrestricted||funds-|||||||||| |general|||||||25,848|36,793|15,015|77,656|| |Unrestricted||funds-|||||||||| |designated||||||||1,984||1,984|| |Restricted|funds||||97,799|||||97,799|| ||||||97,799||25,848|38,777|15,015|177,439|| |For the year||ended 31 December 2021|||||||||| |Unrestricted||funds-|||||||||| |general|||||||17,615|12,668|5,008||35,291| |Unrestricted||funds-|||||||||| |designated||||||||186|||186| |Restricted|funds||||57,546||||||57,546| ||||||57,546||17,615|12,854|5,008||93,023| |A detailed|listing|||ofrestricted|income is given||in note 22.||||| |||||||||||2022|2021| |Various|||||||||||| |Offerings||||||||||247|| |Other donations||||||||||808|| |Weddings|and funerals|||||||||3,915|5,917| |Church
house|||renovating||||||||| |and repurposing|||||||||||38| |Messy Church||||||||||61|33| |Lifepath||||||||||2,686|(56)| |Other fund|raising|||||||||3,337|| |Furtherance||of||bellringing||||||1,330|925| |Floor project||||||||||15,585|49,353| |Vicars Discretionary|||||||||||1,100| |StAnne's|Roof|||||||||63,580|| |Audio Visual||||||||||6,250|| |||||||||||97,799|57,546| ## ## ## ||||Unrestricted|Unrestricted| |---|---|---|---|---| ||||funds|funds| ||||general|general| ||||2D22|2021| |Malvern|Priory|Magazine|6,045|5,661| ## ||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| ||funds|funds||funds|funds|| ||general|||general||| ||2022|2022|2022|2021|2021|2021| |Income from listed||||||| |investments|10,415|873|11,288|3,012|577|3,589| |interest receivable|888|299|1,187|469|50|519| ||11,303|1,172|12,475|3,481|627|4,108| ## ||||2022|2021| |---|---|---|---|---| |~Tra|in|cc is||| |Magazine - direct costs|||3,765|3,748| ||||3,765|3,748| ## ## ## |||||Charitable|Costs of|Total|Total| |---|---|---|---|---|---|---|---| |||||objectives|ministry|2022|2021| ||||||||f.| |Staff costs|||||109,067|109,067|101,704| |Various projects (breakdown|||on next page)|204,934||204,934|21,070| |Ministry - diocesan parish||share|||72,331|72,331|128,100| |Clergy costs|||||1,463|1,463|891| |Church
running
expenses|||||53,695|53,695|37,332| |Church
maintenance|||||20,056|20,056|19,009| |Cost ofservices|||||4,800|4,800|4,771| |Miscellaneous
(including||room hire)|||7,200|7,200|4,913| |Youth and Children's|work||||230|230|26| |Promotion
and Outreach|||||992|992|1,766| |Ministry support
fund|||||25,000|25,000|| |Alter supplies
and flowers|||||1,290|1,290|990| |Other costs|||||1,278|1,278|463| |||||204,934|297,402|502,336|321,035| |Grant funding
ofactivities||(see note 9)|||19,020|19,020|19,000| |Support costs (see note 10)|||||23,208|23,208|13,946| |Governance
costs (see note|||10)||4,580|4,580|7,223| |||||204,934|344,210|549,144|361,204| |Analysis
by fund|||||||| |Unrestricted
funds -|general||||333,799|333,799|| |Unrestricted
funds -|designated|||51,625|6,600|.58,225|| |Restricted
funds||||153,309|3,811|157,120|| |||||204,934|344,210|549,144|| |Forthe year ended|31 December 2021||||||| |Unrestricted
funds -|general|||45|338,648||338,693| |Unrestricted
funds -|designated|||11,080|720||11,800| |Restricted
funds||||9,945|766||10,711| |||||21,070|340,134||361,204| ## ## ## ## |Various projects|||||||| |---|---|---|---|---|---|---|---| |||||||2022|2021| |||||||f.|| |Offerings
gifted||||||3,422|| |Christmas
outreach||and welcome days||||102|| |Church house renovation|||and re-purposing|costs||411|146| |Church restoration||costs||||5,566|3,813| |Other costs||||||1,644|1,296| |Weddings
and funerals||||||2,395|1,216| |Porch room development,|||cushion replacement||and||| |piano repairs|||||||543| |Messy Church||||||391|120| |Lifepath||||||3,153|161| |Furtherance
of bellringing||||||1,330|925| |Priory plan||||||50,025|7,765| |Floor Project||||||7„606|1,725| |Creation
Window|||||||3,360| |St Anne's Roof||||||92,470|| |Audio Visual||||||30,088|| |||||||198„602|21,070| |Grants payable|||||||| |||||||2022|2021| |||||||f.|f.| |Grants to institutions:|||||||| |CMS||||||2,000|1,355| |Crosslinks||||||2,000|1,355| |CPAS||||||1,285|1,195| |Tearfund||||||1,285|1,355| |Bible Society||||||1,285|1,355| |Christians
Against||Poverty||||2,000|2,000| |Other grants
&f.1,000||||||526|25| |Lifewords||||||500|1,355| |Care for the Family||||||1,285|1,195| |Scripture
Union||||||1,285|1,195| |Care Trust||||||500|1,195| |Open Doors||||||1,285|1,355| |Friends ofMarsabit||||||2,000|1,355| |Mission Aviation|Fellowship|||||1,285|1,520| |Mosaic Middle East||||||500|1,520| |Other|||||||(330)| |||||||19,020|19,000| ## ## ## |Support c|osts|||||||| |---|---|---|---|---|---|---|---|---| |||Support|Governance|2022|2021|Basis ofallocation||| |||costs|costs|||||| ||||f.|||||| |Staff costs|||1,625|1,625|3,970|Time|spent|| |Office costs||15,625||15,625|9,386|Charitable||activities| |Subscription s||5,370||5,370|3102|n|n|| |Postage and stationery||2,213||2,213|1 458|||| |Audit fees|||2,500|2,500|2,700|Governance||| |Accountancy|||455|455|553|Governance||| |||23,208|4,580|27,788|21,169|||| |Analysed|between|||||||| |Charitable|activities|23,208|4,580|27,788|21,169|||| ## ## ## ## ## |12|Employees||(Continued)| |---|---|---|---| ||Employment
costs|2022|2021| ||Wages and salaries|99,601|94,921| ||Social security costs|2,420|2,582| ||Other pension costs|8,671|8,171| |||110,692|105,674| ## |Net gainsl([|oases} on investmen|ts|||||| |---|---|---|---|---|---|---|---| |||Unrestricted|Restricted|Endowment||Total|Total| |||funds|funds||funds|2022|2021| ||||||||f.| |Revaluation|ofinvestments|(28,954)|(246)||(11,835)|(41,035)|19,820| |Forthe year|||||||| |ended 31|||||||| |December 2021||7,241|{3)||12,582||19,820| ## ## ## ## |16|Fixed asset investments|Fixed asset investments||||| |---|---|---|---|---|---|---| ||||Listed|Cash in|Charities|Total| ||||investments|portfolio|Funds|| |||||R|F.|| ||Cost or valuation|||||| ||At 1 January 2022||198|55,792|259,174|315,164| ||Additions||||200,000|200,000| ||Valuation
changes||||(41,034)|(41,034)| ||At 31 December 2022||198|55,792|418,140|474,130| ||Carrying
amount|||||| ||At 31 December 2022||198|55,792|418,140|474,130| ||At 31 December 2021|||55,792|259,174|315,164| |16|Financial instruments|||||2021| ||Carrying
amount offinancial assets|||||| ||Instruments
measured|at fair value through|profit or loss||418,338|259,372| |17|Debtors|||||| ||||||2022|2021| ||Amounts
falling due|within one year:|||f.|| ||VAT recoverable||||10,547|| ||Gift Aid||||4,593|16,461| ||Other debtors||||43,216|5,429| ||||||58,356|21,890| |18|Current asset investments|||||| ||||||2022|2021| ||||||f.|F.| ||Cash deposits||||144,612|344,612| ## ## |19|Creditors: amounts|Creditors: amounts|falling due within one year||| |---|---|---|---|---|---| |||||2022|2021| |||||f.|| ||Other taxation|and social security||1,823|1,666| ||Accruals and|deferred|income|92,529|27,961| |||||94,352|29,627| ## ## ## ## |||Balance at|Investments|Balance at|Investments|Balance at| |---|---|---|---|---|---|---| |||1 January|gains/(losses)|1 January|galnsl(losses)|31 December| |||2021||2022||2022| |||E|f.|||| |Permanent
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g|CI|| ||||u||||||||||| ## ## ## ## |27|Cash generated
from|operations|operations|||2022|2021| |---|---|---|---|---|---|---|---| ||(Deficit)/surpus
for the|year||||(61,383)|31,139| ||Adjustments
for:||||||| ||Investment
income recognised||in statement|offinancial|activities|(12,475)|(4,108)| ||Fair value gains and losses on||investments|||41,035|(19,820)| ||Movements
in working|capital:|||||| ||(Increase)
in debtors|||||(36,466)|(451)| ||Increase
in creditors|||||64,724|20,264| ||Cash (absorbed
by)/generated||from operations|||(4,565)|27,024| |28|Analysis ofchanges|in net debt|||||| ||The P.C.C. had no debt during||the year.|||||