Mary Magdalen
Sheet
Annual Report and
Financial Statements
For the year ended
31 December 2021
The Parochial Church Council
of the Parish of
St Mary Magdalen Sheet
Registered Charity number 1128244

ANNUAL REPORT 2021
CONTENTS
Page
PCC Annual Report
Independent Examlnerfs Report
Accounts
10

ST MARY MAGDALEN SHEET- ANNUAL REPORT
Alm5 and Purposes
Slnce the Incumbent Rev. Rlchard Saunder5 retlred In June 2021. St Mary Magdalen's
Parochlal Church Council IPCC) has had the responslbility of cooperatlng with the
churchwardens, Karen Glanvllle and Philip Taylor, in promotin& In the eccleslastlcèl parlsh,
the whole mlssSon of the Church (pastoral, evan8ellcal, soclal and ecumenlcall.
Objertlves and Actlvltles
The PCC Is commltted to enablln8 as many people as posslble to worshlp at our church and
to become part of our church community. The PCC maintalns an overview of worshlp
throughout the parlsh and makes su88estion5 on how our senAces can Involve the manv
8roups that Ilve and work wlthln our parlsh. Our servlces and worshlp PLrt falth Into practice
through prayer and scrlpture, muslc and sacrament.
When plannln8 our actSvlties for the year we have consldered the Charlty Commlsslon's
euldance on publlc beneflt and Sn partlcular the supplementary guldance for charlties on the
advancement of rellglon. We try to enable ordlnary people to Ilve out thelr falth as part of the
parish communlty.
We do thls throu8h:
o Worshlp and prayer; learnlng about the Gospel and developlng knowledge and trust in
Jesus.
o Provlslon of pastoral care for those Ilvlng in the parlsh and for church members.
Outreach and mlsslon work and support,
This year we have contlnued to develop our work wlth chlldren and famllies, and have
continued to support mlsslon organisations In this country and overseas. We have contlnued
to carry out our Mlsslon Actlon Plan. We have contlnued to adapt to the challen8es of the
coronavlrus pandemlc, Ilve-streamin8 services, 5UPPOrtin8 those who are isolated and
vulnerable, keeping our youth and children's work, home groups and prayer meetings online
when necessary and holding in-church servlces when It has been permltted and safe to do so.
We have kept our church buildlng open for private prayer when permitted by government
re5trlrtlons.

AchSeb*ments and Performan
Worshlp 4md Prayer
In addltion to Sunday servlces. we hold a comrnunlon seTVKe each Wednesday morning.
Baptlsms are usually held durlng a Sunday Se￿l¢e and weddings and funerals also take plate.
Our church bullding is opÈn each day. all are welcome to use It for personal spiritual
contemplatlon.
All are welcome to attend our servkes.
The electoral roll stands at 180.
Deanery Synt
Two lay members of the PCC slt on the Deanery Synod. We also have one lay member elected
to Diocesan Synod and on the Blshop's Council. This provide5 US with an important link
between the parlsh and the wider structures of the thurch. We are also represented on the
Deanery Pastoral Commlttee and the Deanery Flnan¢e Cornmlttee.
Postornl Care
St Mary Magdalen's Pastoral Team oversees the vlsitin8 of those parlshloners at home who
re unable to get to church typically due to illness or frallty. Communlon Is tsken to the
housebound. At tlmes when It has not been posslble to visit because of the pandemlc we
have kept In touch by phone. We have kept in touch with Care Homes by 8ivin8 material whlch
can be used by residents to help meet spiritual needs. Our Safeguardlng Offlcer ensures all
requlred checks are carrled out and that people attend tralnlng and receive update5 as
requlred.
Outreach and Mlsslon
'Oasls', our Fresh Expresslon of church for older people, has contlnued when posslble. For
the safety of those invofved and in line wlth government restrlctlons we had to reduce
numbers meetlng in the local pub and at tlmes stop this all together. We have supported
people wlth phone calls and d(¥orstep delfverles. This has been made possible by the
continued employment of a part-time Seniors. Chaplaln who enables a team of volunteers to
lead It.
Sadly. we were unable to run our popular women'5 brunches this year but plan to restart
them in 2022.

Our youthwork has been both online and in person when restrlrtions have permitted. We
have continued to make contributions in local schools, with our Youth Worker being involved
in leadlng a CU in Churtherfs College, two assemblies a terni belng recorded for children at
Heme Junior School, the children of Sheet Primary being welcomed into the church for their
Harvest Celebration and the children of Stepping Stones Playgroup being welcomed into
church for Harvest and Christmas celebrations.
We ran an Alpha course again at the start of the year, which met online.
We continued with Wewsheey a monthly publication which this ￿ar has had to be
distributed solely elertronically.
Helping those In need is a demonstration of our faith. The Mission Sub-8roup of the PCC
distributed £12.CMXI to a combination of local. national and overseas charities. Additional
money was donated courtesy of special collections, forexample to the Chlldren's Societyfrom
Christmas services, and we supported local homeless charities at harvest time.
Ecumenical Rel(rtlonshlps
We a￿ part of a Group Mlnistry with St Peterfs, Petersfield and St Marfs, Buriton and a
member of Petersfield Area Churches Together (PAcn. We join in Petersfield Deanery and
Portsmouth Diocese activities and services.
Buildlnqs and garden
We tske great care of our church building and of the surrounding garden. This year we have
carried out various minor maintenance tasks. We installed broadband, a new projector and
computer equlpment plus camera to enable us to live-stream services. Having achieved our
Eco<hurch bronze award, we're now working towards our silver award.
Flnandol ft￿ew
Our current finance team continues to WO￿ hard to ensure robust procedures are In place
and are followed. We are grateful to all those who help with such thlngs as collertion countin8
and bankin8.
We continue to use Data Developmenvs Finance Cwdinator software package for our main
accounts, which allows us to Import data whilst maintaining confidentiality from the
Donations Ctrordinator package used for our gift aid records.
We have continued to encourage members who gift aid to switch over to the Parish Givlng
Scheme during the year.

Details of our finances can be found below. We are Into the eighth year of employing a full
time youth worker and the frfth year of employlng a part time Seniors, Chaplain. The
congregation has contlnued to give generously to enable this.
We have three main funds In our accounts: Seniors, Chaplaln, Youth Worker and General.
We have contlnued to use a three year grant from the Henry srn￿h Charlty to employ our
Seniors, Chaplaln: though 2021 was the final yearof the original 8rant, we have re￿ntlY heard
that the Henry Smlth Charlty is giving us a further grant for two more years . Our expenditure
was down on prevlous years for pandemic related reasons. However, we are fortunate in that
the majorbty of our Income Is from re8ular standing order giving rather than plate cash
collections or Income from hall Settln8s. Desplte Covid-19 our glving remained steady durlng
2021. flrmly supported by the Parish Glvlng Scheme. sadly, toward5 the end of the year, we
have lost a number of 8enerous donors as the a8ein8 of our con8re8atlon took its toll.
We are very grateful to all who glve generously to fund the church and Its mlsslon and we
contlnue to keep the con8re8ation infonned about our financial position.
Ruerves Pollcy
Our pollcy. whlch Is revlewed by the PCC each May, Is to have Fund Reserves available for the
General Fund of £30,IXX), In order to cover emer8ency needs and avold cash flow dlfflcultles.
Taklng the Pcc-deslgnated projects fund and general funds together current reserves are
about £40,(KK).
Volunteers
We would Ilke to thank all those who work so hard to rnake our church the Iwely and vlbrant
communlty It Is and those who have worked hard and creatlvely to enable us to adapt to the
restrlctions the pandemlc has brou8ht. Many people give much In all sorts of areas: from
chlldren's & youth work to supportlng the elderly, In prartical ways on the bulldln8 and
garden, on mana8ing the churth's finances, In preathlng and leading and provldln8 music for
our varlous servlces.
Our stsff team is greatlyenhanced by the voluntary help of two Self-Supportln8 Ministers and
two Llcensed lay Ministers (ReadeTS). Amanda Mlcklethwatte tontinues to oversee our
children's work on Sunday mornings. Julie Slade has continued to lead our Pastoral Team
alon8slde her role as Seniors. Chaplain. We are grateful to all of them for their contributions.

Pald stoff
Rebecta Whelan has contlnued in her very efficient and helpful way as our Parish
Administralor durin8 the year. David Loveless has continued to work effectively as our full-
time youth worker. Julie Slade has continued in her role as part-time Seniors, Chaplain. She
has been very effective in providing support to older people in these difficult times.
5tn4rture• governance and management
The method of appointment of PCC members Is set out in The Church Representation Rules.
Membership consists of any clergy and lay mlnisters licensed to the parlsh, churchwardens,
deanery synod representatives and elected members. All regular member5 of the
congregation are encouraged tojoln the electoral roll and thus be ellglble to stand for election
to the PCC.
The PCC Is responsible for making declslons on all matters of general concern and importance
to the parish including how any money is spent and for approving an agreed independentlv
examined setof accountseach year. It met 6times in 2021. The PCC Is supported bya number
of sub-groups, namely:
Standing Commlttee
o Fabrlc Group
Flnance Group
Missions Group
o Worshlp Group
o Youth & Chlldren's Group
All of these sub-groups report back to the PCC with minute5 from their meetlnES recelved by
all PCC members and discussed as required.
Saftguardlnq
We have contlnued to take safeguarding seriously durlng the year. Elaine Heywood is our
Parlsh Safe8uardln8 Offlcer. She has tsken the lead in ensuring that we recruit safely when
appointing people to roles worklng wlth chlldren, young people or vulnerable adults. The
Safeguarding Officer Is a member of the PCC and Standing Committee and Safeguardlng Is a
standing item on our PCC and Standing Committee aBendas. The PCC conslders that it has
complied with its duty to have due regard to the House of Bishops, Safeguarding Policy and
Practlce Guidance. We have worked to ensure that those working with children or vulnerable
adults undertake the trainin8 recommended by the diocese.

Admlnistrative Infornwlion
St Mary Magdalen church Is sltuated in Famham Road. near Sheet village 8reen. tt is part of
the Diocese of Portsmouth within the Church of England. The correspondence address is the
parish office which is adja￿nt to the vicarage at 2, Pulens Lane, Petersfield. Hampshire GU31
4DB.
The PCC is registered wlth the Charity Commission- our chartty number is 1128244.
During 2021 the followin8 people served as PCC members:
Ex offlclo membe
Incumbent:
Richard Saunders until June 202L vacant since June 2021
Honorary A55iStant Clergy: Peter Micklethwaite
Andrew Edmunds
Churchwardens:
Karen Glanville
Phillp Taylor
Diocesan Synod:
Keith Doyle
Deanery Synod:
Jenny Parkes
Robert Slade
Keith Doyle lex-officio)
Elerted:
David Loveless
Violet Snell (until APCM in April)
Abbi Childs (until APCM in Awill
Eric Davies
Rosie Jay
nda Clist (until APCM in April)
Heather Belton (until APCM in Aprill
Tim Home
Elaine Hey4Yood
Jed Temple
Shaun Whelan
Gabi Femee (from APCM in Aprlll
Mark Mogridge (from APCM in April)
Robert Slade lfrorn APCM in April)
Lynette Spong (from APCM in April)
Rebecca Whelan {from January 2021)
Ex Officio
Keith Doyle
Reader representatlve
Linda aist (from APCM in Aprll)

Secretary
Rebecca Whelan
It should be noted that the PCC employs the following people, of whom some serve on the
PCC and others are married to PCC members. We ensure that these people are not present
when matters relatin8 to their employment or remuneration are discussed at meetlngs of the
PCC and its Subgroups.
Rebecca Whelan. Parish Administrator
David Loveless, Youth worker
Julle Slade, Senior5, Chaplain
Bankers
Current Account: CAF Bank. 25 ￿nE5 Hill Avenue. Klngs Hill, West Mallin& Kent ME19 4JQ
Deposit and Investment Accounts: CCLA Investment Management Ltd. Senator House, 85
Queen Victoria Street, London, EC4V 4ET
Independent Examiner
Independent Examiners Ltd.
Unit 2. Broadbridge Business Centre
Delling Lane
Bosham
P018 8NF
>7-
Approved bythe Pccon .-....-...... and slybed on thelr behalf by Phlllp Taylor{PCC Lay Chair)

Repprt to the Par&thlal Churth C￿￿￿1 (the tJwteesl of St ￿ M•gdakn. She4¢ on the orrwrrts for the yw ended 31st 2021, Set wt
on pages io to 19.
R*sp•eii¥• m•￿￿1b￿lI¢l¥ •1 tru#th*# *nd •x•mlfv¢r
The trgonlsotlon's tryrtees are resptswble for ihe Ihe ac(•urts. The rypnlsatllln* I￿$t￿tr c￿￿111er thrt In •utht Is Art requlred (pr
tNs year (under secvon 144 ollhe ChèrfUe5 Act Zolll and an Ir*thJ¥* ex•mlnWW* Is r￿thI.
Hwlng 5oUsfied mpll that the chwlty Is ￿¢ ￿bJeCt 10 auat und¥ ftyTWy law and L8 dh*bbe Indepty￿ examlnaU•n. It Is mv
reoF4JnlNl1ty to..
examlnÈ the acce￿ts (under Sed1￿ J4S A¢),
to fdiow the w•cedure5 l•ld In the fAfiernl the Ch•rlty C•rnmlth 14515Mb) Oftt￿ A
Ir￿delI, and
to %tote whether p•ruvJl¥ h•ve torm to •ttertl¢
BMIA ol Ind•p•nd•Nt •x•mlMrf* tht•nwAt
lty examln•llon w•* ¢athed out lfi *ccrrt•nc• G￿￿1 Iven the Chwlly ex•rnln•¥an Includes a revlow ￿the
ccpuntyng r¢rords kept by the and o w*￿ted *lth recwd% It also IndLkles conildera￿oTh ol •rbY
unusual Items or disdosures IN the occtyjnts. and ex￿•￿¥15¢￿ from the tru*ees U)r￿DIng oThy rn•ttern. The pFo¢*dum Ufidertok￿ dp
not provlde the eYldes)ce th•t be r•qulred In •n •udY¢. •ThJ ttt&ewiiy nc+ Wnlcffi Is ¥ven 45 to *th¢ther tht •ttwnts pre¥en¢ a 'true ind
f•lr vlew, ènd the r•F4Jrt Is Ilrrthd to thcrf¢ m•ttu5 Xt In tht lilt￿ bdw.
Ind•p•nd•nQ •x•mln•rfs ¥l•t•rn•nt
In the offfly ex•n￿nI¥m, rio maw h•$ Cry￿1• my ottentloTh:
l. whlth glvu m¢ rus¢wwbl• io th•t In, •ry ft•t•l•l Yew¢¢ the trpjrteu ￿¥t Mt the rnwlrMxrt¥ to •rwurn th4t'.
oper aetthtsn￿fi9 r•tt¢th ar• (ln *lth 1qrtl￿ IXI olthi l¢tl' •nd
2. to whlth, In my oplnlw, •tt•nUon b• In to • Fry•r ￿dI￿aT￿lI¥j Lrfth• •((aurt• io be r••che
) lrylntrsrnlth Fcie
In+Jwnd•nt ex•mln•rn Ltd
Un+t 2 9r￿db￿￿9• Cmtr•
D¢lllNo we
8oshèm
Welt Suss¢x
POI8 814F
riaie: 31stlA•tth2D22

FOR YEAR E•IDED 31 DECEI￿ 2021
TOTAL
2020
Fund%
2021
INCOME
D¢￿a￿on$ •fid Legath
124.591
4t.089
172.680
164,866
otherTradln9 ￿tI¥￿e5
174
174
302
CharftaNe Athvltle5
1.517
4.134
5,651
4,416
Other
TOTAL iNCOMe
EXPENDmiRE
ExpeThdltuv• ￿.
R•WrMJ Funds
Chadtable kUYltyes
107.278
12.114
177.197
173,337
TOTAL EXPENDrruRE
io
57.
NET IiecoMEI (EXPEIIDfTUIIE)
116.3691
12.114
4.255
GalnsllLosses} OA InVekn￿ts
{651
466
272
NET MOVEMENT 111 FIINDS
03S
(796}
(￿)
774
(3h81)
17.763
19.388
47,516
50,997
Movements ￿ all reseThes and all veeognw galThs k6ses art sl**Yb atstr￿. dthe trganISa￿0fvS (¥*ratlons are dassed as cw¥nulw.
The notes on pages 12 to 19 form part af these finandal siatem*
io

PCC OF ST MARY 14ASDALEN, SHFET
BALANCÈ SHEET
AS AT JA DECEMBER 2021
31th¢
2020
Toi*l
D￿59￿)￿￿ Kestrlthd Eftdowm•Dt
Fwndi
fund
F￿n
2021
T•tsl
Fund
Flxed A¥gets
Tangible èssets
Investments
1,803
1424
927
5,154
4,688
D¢btors
Short Term Deposits
Cash at bank and In hand
1,302
13,870
6,547
1,302
39,411
6,547
1,348
37.410
6,019
19,3e8
2.307
T•t•l ¢umnt Amets
19
49
65
Cr•dltwv. amunts f•lllng wllhln one year
3,124
3.124
1,949
NET ASSETS
R¢¥e*u* Funds of the Chèrlty
Unre5trfrted Fund5
Deslgnated Fun05
20,398
20,398
19,388
6.270
17,763
19.388
7,066
19,388
6,270
Capltsl Fund*:
Restrtcted Funds
End￿￿rtt Fund¥
3,234
3,299
T•tsl Fund¥
The notes on wes 12 to 19 form p•rt of thqse IINnd41 sts¢wnents.
Apk¥oved by the Trustees OA.............. ....-. ...,...........-.-.. an¢J
Slgned theor bEh•lf by
li

L ACCOUNTING POLICIES
standard FRS 102.
The Charlty rr*ets the dehrftyon of a Wlc b**fft ￿ under FR5102. Asstts •nd Il•t4lllles ￿ I￿•1￿ retowlsed at hi*orfcal cost
unless othe￿Se stated In the rel￿rt ac￿￿n￿n9 note&
Charfty'$ abtiity to con¥nue as a qc4no
Ch•nyes to K(•untln8 e*tlmotes
No changes to a￿o￿n￿￿j estlmètes have o¢¢urr¢d In the repNtrrwJ ptr
Mat¢rl•l prlov porlod
Funds
Endowment fvnd5 are fvnds, the capkal of Mthlth T￿t te ma5nt*￿J. avlsirvj from lfivesbwt of the u¢Jrrt moy be
the tem)$ of th¢ Iryst or and Ibl Ilor￿Cl￿ tr grorts recdved for a stec4Ac objett or In￿ted by the PCC for a spedfic
e*Slert. The fund5 may onfy be expended on the spedfic tèjett tw ¥ve g14￿. kny bolarKe Tvnal￿n9 urwit èt the eAd ot
eath ￿81 must be tarr6ed 05 • b*nce on thot fw
t>Èsl9w¢d fvnd5 we hJr*ts that the PCC has resemd Spjfic pwp(￿ Althtyryh t￿¢ ￿ In ￿reSt￿￿ed fiJr¥ls,
fi￿r￿S may only bE expErwJed on the 5wdflc purpose ￿￿￿ed by the PCL
Hanned gfjvlw+ collecd￿￿ and are retwised when recdved. Tax are reLognlsed when the InErffilng resourtes to
whlch they rd*e are recetved. Grnnts and Ltyaties arE aCCL¥Jnted fcr thE Ftc Is legally enutled to the amDurts due. DlTrAthds
are accounted Ic¢ when vecel¥a￿e. Inievest ts aecrued. ljl Éther trKrynE Is It Is rEcelvat4e. Inc#mlng ￿￿ree$ are
accwnted for gross.
fts In Nlnd
Gllts In ￿nd are accwnted for at a rea5¢￿tle estlrnate ollhelr Val￿ to tt* KC or the arThJJnt actual￿ reallsed. In kln¢J ft¢T sale
or d15trft*thoTh are Induded In tr* aCt￿ts as Olts vjhen 5rAd Or ¢**lt¥Jted by the ¢>fts In fc¢ by the PCC are
Induded the SOFA as IncomlNJ recavab
Donated Servltss •nd F*¢llltles
These are only Ir￿u￿ In Ir￿¢￿￿Try re5wrce5 IMIth an •wbv•l¥Lt wrw)unt In rE5QLvres expwdEdl the ba*fit to tr* PCC Is
reasonably quan¥fi#t4¢. we￿￿ble •r*l m•tv46¥. The v•luE plKed ￿ tl*¢ v¢sour¢¢s ts th¢ ¢s¥mattsJ TAbJÈ to the PCC oflthe se￿e
or fJOIIty rthved.
Vdunts•r Melp
The value of any vdurtary help re£el￿d I￿l￿ded the bLt Is de*71t¢d In ￿ trpJ51*¥ rep
Govemmeni Grants
The PCC hès recdved Wvernrn￿ grarts In the rewtiiig pukd.
Grnnts and donJVon$ 4re accaunted pald Dver. tr when awarthd. If that awanl oeates a 0￿ga￿On on the Ifc. The
dloEesan quota or pa￿sh share Is atctyjnted for due. AmtyJnts Yecelwed SFedfically tr PIS￿0￿ are thalt 05 re*rfrted funds.
l <ther ¢xpenthture 1$ gwally re¢ogr4sÉt1 when ft ts I￿r￿￿ aThl bs acttwrrted for
Ulblllty R*¢o•nttl
UatlllYe5 ire rewnlxd •$ •$ th&È ts a Ityl t* comn¥UlrvJ Ihe Ffc to pay rxrt re50ur
Indude cc*ts ofthe preparatlw and exarrén•ym rfst4ubyy ttsts Ofthe tr￿tte$, and cost ofany le￿1
to trustees OTh ggvernJrK¢ or ¢W￿￿￿10nal mattV5.
12

Redundanw ¢•st
bec￿ wyable In •cCcrfdan￿ *lth the rnles of the xhem
FRS 102.
Hxed Ass¢ts
co￿e￿Ited and Benefited wr•erty bs exckthl ftom the acc￿￿5 ty *llM21 ofthe th8rilitsAtt 201
No Value 15 on mov8bk churth furnlshlrKJ5 hehj by the *rdEn% on tru* (or the Frc and whlth a facthty
for th5P05JI ￿nCe the PCC Cart￿ders to ￿ I￿lIena￿le prcwty. IrbcurrEd thring the year cfj conseuated or
ber*fi¢ed bull¢ffings and rM¥a￿t thjrch ftYnlshlrHJsi rn￿nten￿1ce ImwO¥￿ Lq *rltien off as In the SOFA
ènd sep8r8tety dlsdosed.
Pr•pertv:
A ttfflveyantt of laTrJ at Inmèr6 Lère ￿ the 27 Moy 1935 e5tatrJished • TF￿t the land VAS to be used tr no ¢>ther pu
except as a rn￿dentIal sf(e for an 'as45tsnt wrote In thory¢" ot A ￿r$t￿age was on thèt land. Thls was sdd 1988 and
new reslden¢e bwght 4¢ 2 ￿len¥ LanL On the 28 FebrLbbry 1992 a Oeed was ￿ beiJ¥een the PCC ￿ St Mary Magdol￿. Sheet
the event of the property no bdng requlr¢d as a parsrmge Ivjse or thE net of sale, wlll be
held on the orlgln31 Tru& ￿ any ecdeslasri(* purposes wNth may be by o gtsne rf the th•rfty for
ErwJland a*d Wales ¢t￿fied at the In#isWon rfthe PCG"
[* ￿mEle temis trws means that the PCC Is b￿fiCial af Vkara9e. Sheet bsthe In the C4oce5e In tr4s unfjque
be recorded In the Annual AcctyJnt&
DwlThg the current Inter regnum the wopeity Is let ty the DirKese ¥•b) retrl¥e the
hovRver we are autt￿Sed to recud the Val￿ we sh(BY the same five as aA)eavs In tt* IA*X¢S#th A¢¢owts. The fAo¢es)
pr41cy the walua¥oTh of pmp*fjes hès cfflly 20% af wop*tlÈs avÈ to be valued eath wr. 2 1$ nrt ITh the
Ilst for thls yearx* Its Value ￿11 ye￿n un¢*i a rth valuauon Is frrAn th¢ rats¢¢*.
The property * 2 Pulerts Lane has as ftAItrAs.'
31si Dec
Inlllal ValuatlDn
Last Valtra￿0
185,1
2018
The CCLA ¢JewsY( account. held by the rxocesan 8oard as c￿t0than trLkStee, wowlded lrtertst lficome of £1.26 thJrfr¥J the year. The
orfglnal tnjst surrthmdlng the Inmans Lar* thJt'....In the wt ofgJfj4w sale gJrF4us would be tsv
the Dlocesan Board os cu5trlj￿ tnjstee Inearne bdny pald ovw to the PCC tvrtard6 Ihe cost of rts Curate." INB: Th1$
dated 13th January 1966- ￿¢￿t0 Sheet hawlno a Wtsr.} The orfglnal Ca￿31 w•$ £2.307 and IrKeffle ts added to the Curate Fund.
Th1$ account stG•O •t É2411.47 (Cothl r4us Irrtue5tl attt* 31st t)ec•th 2021.
The Mlss NIXM Enth)￿[ Is Inve#ed IA The ￿F rl engloThJ Flyed Inttrest Seojrfuès Fwbd- IrK¢ve Shares, In Ilne wlth
the origlnal Investment made fv to th¢ ltys G+fiKth The Investrw made was £921.CKI d&ied M4rth 2015 and bwJht 586.89
shares. The market value rf ljwe at the 315t Deremtw 2021 was £927.23: £65.29 th 31 Oec 20. L¥vldends of £26.11
Into General Funds ICLfftnt *£ecAmt) 2021.
The Wacy Trust Fund Is Invested In The CBF of &*rKI Inve#Jrt Fund- sha￿s, In line the tyl￿n81 Investment
made ￿Or to the 1055 of hJn¢J& The Investsmnt mèdE Wa5 £2271.00 dated 25th M¥(h 2015 arml Lwht 180.74 shares. The bld
market value of these ae the 31rt Dew)ber 2021 was £422&91. of £18OL62 Is Gen￿. up £531.37 31 Dec 20. Olvidents
of £107.40 ￿re Plld Into Genwal F￿￿5 ICurr*it Actr¥mtl thrtrwj 2021.
The Oeposlt account ￿ held the CBF thur¢h ￿ Wand Der0)￿ FurKI. Thls stood at ￿7.0￿ * the 31st Deeanber 2021. Intwe5t
of £39.63 vlas p31d iNtt* General Funds 2021. trtsest are madt dlrett Ints the amntac(•unL

PCC OF ST MARY MAGDALEN,
NOTES TO THE Ft•W4CIAL STATEMENTS {contlThued)
FOR THÈ YEM ENDED 31 DECEMBER 2021
2. INCOME FRON:
Llnre•trlctad Dtslgnatwl Ile8trlcted Endowm*rt TOTAL
Funds
Funds
Funds
2021
TOYAL
Z020
a) Dgn•tloM •nd L•oa¢le
Planned Glvlng
fts and PonaWoT
Glft Ald Tax Recoverable
Churth CollecU0Th5
One Off Gllts and Dorwdcffjs
Other Income
Leg•des and Grants
Churtherfs College Chaplaln's HoThornrtum
Other Fvnds Gener*ed
95,909
19,753
6,216
6,072
115,662
6.216
29,785
1.449
2,500
io
16,WO
1,000
58
119,369
175
28,919
503
247
679
12,800
2,175
23,713
1,449
2.500
io
16,000
1,000
20
38
b) Other Tradlng Actlvltl•B
<) Int*¢#bntnts
Bank Interest •nd Dlvldwd5
d) Charll•ble A¢tl¥llle
Fees- Weddlngs and Funerals
Grant- HMRC Job Retertlon SchernE
4.134
4,134
1,517
4,416
1,517
•) Other
I￿Urar￿e aalm
TOTAL INCOME
14

EXPENDrnIRE OM:
2021
20YJ
8) knlslng Fund*
Costs af Fetes and Other Events
Cost of Church AcdvlUe5 fvndedl
all Hlre for Lunches
b) th•rSt•bl• A(Ilvltl
Mwon &vlng
PJrf5h SharE
iiooo
12,tKKs
81.244
12,400
86,031
81.244
Worshlp
P•storal
cthaeh
ear3oe
Hlre of Hall
Weddlng and Funeral Co#5
Stafflng Costs
Admlnlstrèt+y
Verger and WeddlTrJ ¢JErk
Youth Worker
SenloTS thaplèln
I￿55￿1•n5' Fees
Youth & tjlldren Wark
Maga*ne Exputses
Trninlng
Parfsh Office
Church Runnlng Costs
thurch MaInte￿nCe
Admlnlstratlorb
Independent Exarnlnus Fee
other Glfts and Dmauo
General Exper6es
1020
2.020
69
2.084
132
1,298
2,661
1846
?3
173
133
1.911
494
3.354
1661
10.825
10,82S
1,296
29,741
15,367
so
1.440
10.916
1,294
30,497
16,012
29.741
15.367
L14
618
921
190
1.074
1663
J90
1,074
298
1,327
4,017
813
1,880
858
k40
7.445
8,127
2,411
870
1411
870
167
167
TOTAL EXPEi4>fTUIIE
SUPPORT cosrs
TOTAL
20X+
F￿0*
FUNIS
nd•
2021
Admlnl#ratyon and Governan￿(0$ above, Ind
Is

S. FUNDS
al•fft¢•
Galn/(Lo55)
lanc¢
01-JaThv21 Expefidjtwt orb InvestmL Trtnrfers JIV0e￿Il
qEVENUE FUIIOS
U14RESTrtCTED
General Fund
17.763
126,282
107.278
116.3691
20,398
T41tsl Unrtslrlcted
DESIGNATED
337
C05ts Fun¢J
M655fjon and Outreach Fund
Projects Fund
Senlors ChaWain Fur
114
12.OTrJ
12.1
19.050
19,050
Totsl De*nited
114
Tot•1 Unr*8irlctsd & Dulgnal¢d
120
Ji
wer Fund
Lady Joan Taxl FMd
¢)as6s Fund
Organ Rest¢¥￿¢￿ Fund
Senlors Chaplaln Fund
$14ART and Ark Fund
SMOFS Fund
Streamlng
Weddlw an¢J Funeral
Youth Blbles
Ytyjth Worker FuTrd
475
3.749
833
13
62
1,911
426
1,838
833
633
16.(#)O
15.367
7.445
4.134
7.445
2.661
11.4731
116
l)6
24.631
30.359
5.728
Totsl R•strlttad
Legacy Trust
Im3
531
2,424
T•tsl ReBtrlth• Capltsl Fuhd•
155 NIXO￿End￿￿ThQrt In¥estrfity*
Sheet Old Parsonaqe La￿1 Trusi
992
1307
165)
927
2,307
T•tsi Ethd•￿￿t C•pSts1 Fwid¥
Totsi#
16

PLWIDS (C•nllny•d)
Frc
To
114 f*ner•l Fwd
Ceats Fund Ides1w￿l
1,474 Weddlng & Fur￿1 I￿<t￿J) f￿neral Fund
4,211 General Fwd
Y¢xth Worktr F￿d {restrictsd)
12,000 Genernl Fund
H￿On Fthy l¢leslgnatedl
To le￿9￿lIed fitno
To tsaTh<er SU￿￿$ to GeA¢rnI FuAd all lees pold
To cover thNtf•ll of frtykn r¢th¢ted fund
$12,￿ was madÈ availa￿e by the PCC to the MlSSlc
and ￿tre¥￿ C•nmRt¢¢. In Ilne the cowthltsnent to
glve IO% of th¢ 2021 I￿reSt￿cted Incorne to the M1$51on
F￿￿. Th¢ Mioon ènd tJrtreath Commltt4e •lloute(t
the £12.fth Irtsm the Mls4on Fund d￿n9 2021 to
Chwliles as t40w:
T•l•l
2020
2•11
2021
2021
J.7l4
1,714
2,000
1,240
Ann• ch•￿•{r*Y
8lble Scdety
HomeSl•rt &rt
In Mlnlstry to Chlldren {IMCI
Irtemotbonal kn PILqd•Th IMC
J Crw IYI¥AMI
Klno'1 Arm•
1,200
1.240
1,240
2,080
2.080
1.200
1.240
2,572
1.714
1.200
2.572
1,714
1.200
1.200
Clo#•d en¥•lop• ¢oll¢¢ilon¥
There ￿re no cdl¢ctyMS whtre th• ¢fth* tr￿tty. thd Mt Acc(#Jnt12020.' nw).
17

FUNDS (Conth1u￿}
Spedal Colle¢tloM. Outslde •1 th* Ac(•
Coll¢¢llon$ on behalf of A9•b￿Se$
Addenbrooke5 Hospltal
zhelmees ￿ety (Ful￿al Cdlectlw)
shop's Lent Appeal
oodwlse CarKer
Brltlsh Heart FOUndatk￿ Qll¢¢b"Ml
Brttsh Leg1oTh Poppy AFWJ
Chlldren CarKer {Funernl Ccllethonl
thlldren'5 Sodth Ichrbstmas cd1ertlc￿j
USE
DerneThY4 H
DFN VK Ifrvm fe•rfvnd'rebate'l
Frtends of Shert thrch IFsJneral colled1￿)
Great Lakes Outrejth Ilrom Tearfund Treb3te'l
Harnp5hlre Arnbulince {Funual C¢4￿￿£￿)
IMC (from feufvJnd'reb*e'l
Macmlllan (Fun￿ Cc41e¢￿on1
Méthclns >ns FrwUknes (Funeral Cc41ec¥on)
PACTS Popup Pray
Ronald M4cDm•td (Funval Cdlecoon)
Salvatlon Aryny
seqUeStra￿art
The R•sem8ry {kn¥al Qllectkns)
Tear Fund IChrfstm#5 Cc41ecUors)
UNICEF
Vl¢4r Leavlng
W•terAld (Funernl Cd1¢th￿)
Wlldjlfe Tr￿t {Furwol Colle(tyon)
Wlnter Fud Paymwts
2021
171
125
78
138
33
3.710
frt•l
Total
CASH AT BANK AND IN HAND
FurK15
2021
2020
Cwrrent Arcwnt
6.547
6.$47
6,019
T•tsl
Totsl
7. gtQRT TERH DEposirs
FUTh
Fun¢J5
Fund5
2021
2020
CCL4 DeWt Account (Pals￿age>
CBFlJurch of England DeP￿t Fund
104
13,7fj6
1307
2.411
37.000
1410
35,000
19.388
T•t•l
Total
Fund5
Funds
2021
2020
1.302
1.348
epaymerts (Hall Nlyel

9. CREDTfoRS ACCIIUALS AND DERRRED
114CONE: AIIOUP4TS FALL1146 DUE WrnIIII
Totsl
Totsl
Fur
2021
2020
1.170
431
1,170
431
653
870
670
421
Deferred Inco
Inde￿ndent Examlnexs Fee
870
858
Jo. srAFF COSTS AND 1111￿ERs
2021
20
Gross Wages and Salartes
Employees Notlonal Iwrantr Costs
54.519
54,723
872
2671
2.661
2021
ACt1¥A￿e5 In further0r￿e 4*Jeas
Management and ulrnlnlstrn
The Churrh EM￿￿Y￿ an Adrr4nlstratr, • ¥wth Wrykw and a CharAaln. Thty pay mLtsldarts and an ad hoc ba&& Wo
employee Terelvel erndUrn￿ts In exres d£6fj,fy￿.
11. TRUMESAIW OTHÈR RFLATFD PMIYES
The Youth w￿er Is a ojrrent PCC membtr •Ad Yetel¥ed SblarylPAYE payments of £28.283 In INS rile 2021. ttrJetsW £618 exp¢ns¢g
and Emc4over Penslon (NEsn £1.414. The PCC also fvnded a ofE44.
The Sen+¢fs' Pastor15 the 5povx ofa current PCC rnembw aryj rxdveil • 5*ry/PAYE rf£J4.630 rde durfiny 2021. toyether ¥￿th ￿ exper￿
and Ernrlover P￿￿On It4Esn C￿trf￿0nS ￿ D32.
The Paylth Admlnlst¥ator ts the Ffc secrttary and rfa ojrrert PCC recdved 5alwylPAYE payffw¢ts ￿£110￿5 ¢oV¥tDg this rtAe.
that ofthe Weddlfio aerk and that ofthe Vwger durfng 2021 tL¥l￿ wlth IWESf) contrlbJ¥w6 L*£516.
Exwses of £24 were paid to the fncumb*t thrfng 2021. Tr* irthmbert *￿Id be a KC Mem￿ (now In an Inter YeoNm}.
IL RISK ASSESSIIEIIT
The PCC athvely the mafv dsks the d￿rIty latr on a rewlor ba45 aThJ bellv4e the Flnancw Pyocedwes Contrd5 thot
they have wt In ￿ate woM￿lT￿j receffjm•ided yacuce. tewhw knlth the re￿e* over kty Ilnandal systems *hlch Is carrled out on an
annual bas15. they have Imr4emerttd rotHJst finanaal ct¥)tff4. The tTtsStees examlnei1 Lyrnyonal and rts*s whl(h they fa
and confirm that they have e#at4thd ￿5[¢1￿5 ts mlflgth ¥gnlfrart
13. RESERVES PQUCY
The Reseffts Olty b ¢fy*•lned In tt* PCC
Durfng thts Ferfod. the ch¥ty has recdved hJ￿15 as wttrth¢x a9￿ dEtsll¢d In P4rkn S to these The FL¥th recelved. p)Id
and b•l•nce5 hekl ot the olthe F¢rfod Jre as detslled
Opening b8lances i ]afiu8ry 2021
Cdlethons retelved
Cdlec¥orts ovtr
ati&fig balance 31st Dtterrthr 2021
421
11.028