St Andrew’s Church, Malvern 2021
## **Trustees Annual Report 2021**
**Annual Report of the Parochial Church Council For the year 1[st] January to 31[st] December 2021**
Registered Charity Number: 1128973
Contact PCC Secretary: c/o St Andrew’s Church, Churchdown Road, Malvern WR14 3JX
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St Andrew’s Church, Malvern 2021
## **1. Introduction**
_‘The_ _**Parochial Church Council** or PCC, is the executive body of a Church of England parish. It is constituted as a body corporate by the Church Representation Rules set out in Schedule 3 to the Synodical Government Measure 1969, and consists of the clergy and churchwardens of the parish, together with a number of representatives of the laity principally elected by the annual parochial church meeting of the parish. Its powers and duties are defined by certain Acts of Parliament and other legislation, principally the Parochial Church Councils (Powers) Measure 1956. It has the responsibility of cooperating with the incumbent (rector, vicar or priest) or priest in charge in promoting the mission of the Church in its parish._
_Formally, the PCC is responsible for the financial affairs of the Church and the care and maintenance of the church fabric and its contents. These latter responsibilities are executed primarily by the churchwardens. It also has a voice in the forms of Service used by the church and may make representations to the bishop on matters affecting the welfare of the parish.’_
The Church Representation Rules (2020) detail local church governance arrangements and provide the framework under which PCCs and parishes operate to best serve ministry and mission in their contexts.
St Andrew’s Church is situated in Poolbrook, Malvern. It is part of the Diocese of Worcester within the Church of England. In September 2014 St Andrew’s became part of the Chase Team Ministry which includes St Mary’s Pickersleigh and All Saints Malvern Wells & Wyche. The three parishes each have their own Parochial Church Council. The Chase Team has a Team Rector and a Team Vicar (with responsibility for St Mary’s in Pickersleigh), and in 2018 a Curate joined the team. The Rector, Team Vicar and Curate are remunerated through the Diocese of Worcester.
## **2. Aims and Purposes**
St Andrew’s Parochial Church Council (PCC) has the responsibility of cooperating with the Team Rector, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the St Andrew’s Church Centre complex.
In Autumn 2017 the PCCs of St Andrew’s and All Saints agreed a new joint mission statement to describe our core purpose:
- **Encountering Jesus** in Worship, Prayer, Word and Spirit.
- **Growing whole-life, life-long disciples.**
- **Seeing lives transformed and communities flourish** as we demonstrate and proclaim God’s Kingdom.
This is all under pinned by the strapline ‘ _Partnering with God in the flourishing of our communities_ ’.
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St Andrew’s Church, Malvern 2021
## **3. Objectives and activities**
The PCC believes that St Andrew’s provides clear benefit to the public including by:
- providing resources and facilities for public worship, pastoral care and spiritual development for both those living in the Parish and beyond.
- promoting the Christian religion and Christian values for the benefit of individuals and society as a whole.
- making the facilities of the Church Centre available to the wider community (rather like a village hall).
The local community directly benefits from a whole range of activities, services and events that St Andrew’s provides. These include toddler groups, youth groups, Holiday@Home activities, bereavement support, debt support, the Octagon Coffee Shop and provision of the occasional offices (funerals, weddings, baptisms). The St Andrew’s Church Centre is a fantastic community facility available for public hire at reasonable rates.
## **4. Achievements and Performance**
2021 was another challenging and different year due to the Covid-19 Pandemic and many of our normal activities had to be curtailed in keeping with Government and Church of England guidelines. However, we continued to run services throughout the year, either ‘inperson’ or online or both, and, in addition to our established mechanisms, found new ways of ministering, and serving our communities. Despite the pandemic we have seen our congregations grow significantly over the last year which represents more than a 100% increase in worshipping community since 2015.
||2015|2016|2017|2018|2019|2020|2021|
|---|---|---|---|---|---|---|---|
|Total
Worshipping
Community|160|201|244|261|263|297|326|
|0-17s
Worshipping
Community|43|55|63|69|66|71|84|
Our 2021 Annual Review (prepared jointly with our sister church All Saints) for the Annual Parochial Church Meetings (available at St Andrew’s Church or from our web site www.standrewsandallsaints.org/resources/annual-reviews/), gives a more detailed summary of many of our activities and achievements over the last year.
Some of the key features include:
- We have transitioned to a new service structure across St Andrew’s & All Saints which provides five different services each week, with the addition of a monthly Messy Church and ‘Waiting Room.’ This allows a variety of different needs to be met and a greater choice of service style for congregation members. The St Andrew’s 10:30am service is also recorded and available online for those watching from home.
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St Andrew’s Church, Malvern 2021
- An in-person and an online Alpha course which had guests from across Malvern exploring faith.
- Regular children and young people’s ministry including toddler groups, children and youth groups on a Sunday, youth mentoring and an Autumn Youth Alpha Course to support them pastorally and in their discipleship.
- Pastoral and spiritual support for members of the congregations and members of the community through the pandemic, including support of the Bereavement Team.
- Working with the Octagon Community Centre to run a community pantry and ‘Thursday project’ working with vulnerable families in our parish.
- Supporting further clients in debt through the Malvern Christians Against Poverty (CAP) Centre, which extended its ministry to Ledbury in 2021.
- Supporting the work of our mission partners, both locally, nationally and internationally (including Bible Society, CMS, Bible Society, UNOH, Josiah Ventures, Open Doors), donating over £19,000 to these organizations.
- Serving our community through occasional offices: funerals, weddings and baptisms.
- Supporting local people in financial difficulty through the Blessings Fund.
## **5. Future Plans**
2022 will be a year of significant transition as the church seeks to continue to re-build after the pandemic and also adjust to significant changes on the staff team. The curate leaves in April 2022, and we have not been able to appoint a new Youth Minister since our previous Youth Minister finished his agreed 3 years in August 2021. With the significant increase in worshipping community size, the church now needs to transition to a ‘larger churches’ leadership structure to enable it to be ‘healthy and sustainable’ and recruiting and embedding this will be the key focus for 2022.
The key areas for the coming year will therefore be:
- Recruiting a new Youth Minister, Operations Manager and Associate Minister and raising the required finances to support these roles.
- Continuing to embed the new service patterns, creating ‘congregational leadership teams’ to support this.
- To seek to explore setting up a new ‘worshipping community’ at the Octagon to reach those in our community for whom current services are not a good fit.
- Continuing to grow leadership teams in all areas of church life, especially in children and youth ministries.
- Continued support and focus on ‘frontline mission’ and equipping people to be disciples in their Monday to Saturday lives.
## **6. Financial Review**
Total income from all sources for the year was £237,323 compared to £239,127 in 2020 (a 0.8% decrease).
Expenditure was contained in the year to £229,235 (compared to £218,787 in 2020, representing a 4.8% increase). During the year we had periods of closure of our church
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St Andrew’s Church, Malvern 2021
and church centre and a significant part of our activity moved online and into other forms as summarised elsewhere in this report. Despite this, costs continued to be incurred in many areas.
The net effect of these results produced a £7,823 increase in net resources over the year to £144,704 (£136,881 at 31 December 2020). Of this:
£1,780 (2020 - £2,045) is permanently endowed,
£30,855 (2020 - £26,271) is restricted in nature and
£10,909 (2020 - £11,089) is designated by the Church for specific purposes. This leaves £101,160 (2020 - £97,476) as unrestricted funds which, after due allowance for tangible fixed assets, gives £87,832 (2020 - £82,053) as freely available reserves for use in the charitable activities of the Church.
## **7. Reserves and investment policy**
It is the policy of the Church that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to at least three month’s running costs (approximately £60,000). The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Church’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Funds balances held in excess of short-term needs are invested with the CBF Church of England Deposit Fund. The endowment investment is held in a CBF Investment (Income) Fund. The church has no loans against these funds.
The trustees have assessed the major risks to which the Church is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **8. Structure, governance and management**
The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. Annually, and well in advance of the Annual Parochial Church Council meeting, all members on the electoral roll of St Andrew’s are invited to be nominated to sit or re-sit on the PCC for a 3-year period. If too many members are nominated, a simple vote is conducted at the Annual Parochial Church Council meeting.
The PCC locally manages St Andrew’s Church building, the St Andrew’s Church Centre and the grounds on behalf of the Diocese of Worcester. This includes short and long term maintenance and enhancement of the assets.
The administrative costs and clergy expenses for St Andrew’s & All Saints are shared equally between the two PCCs. The clergy stipends are met by the Church Commissioners.
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St Andrew’s Church, Malvern 2021
St Andrew’s employs a part time cleaner and, jointly with All Saints, employs:
- A Youth Ministry Leader. (This was filled until August 2021 when the role holder completed their agreed 3-year term and, following advertisements, no one was appointed to the role. From September to the year end the role was partly filled by an intern and is now being re-advertised.)
- A part time Children and Families Ministry Leader.
- Two part time Office Administrators.
The PCC typically meets approximately seven times per year. Between meetings, the day to day business of the PCC is undertaken by a Standing Committee consisting of Chair, Vice-Chair, Churchwardens, Deputy Churchwarden, Parish Safeguarding Officer and Treasurer. Any decisions taken by the Standing Committee are summarised at the subsequent PCC Meeting.
When appointed, new PCC members are provided with a basic introduction to their role, typically including how the PCC operates, the basics of being a Charity Trustee and a Church financial introduction/overview. During the COVID-19 pandemic, much of this has been provided remotely, but probably not as effectively as previously when it was possible to meet face to face. We will aim to return to face to face induction and training as soon as practical.
The PCC responds positively and implements all appropriate legislation linked with health and safety and disability. Examples include:
- A Health & Safety Policy is in place, supported by an appropriate set of responsibilities, rules and risk assessments. This includes a fire risk assessment and appropriate test procedures, e.g. fire alarms, emergency lighting, gas and electrics.
- The new build provides level access to virtually all areas and provides fully compliant disabled facilities.
## **9. Safeguarding**
The PCC has fully complied with its duty to have ‘due regard’ to the House of Bishops’ Safeguarding Policy and Practice Guidance.
During 2021, 35 members of the churches have completed DBS checks and 35 members have completed safeguarding training at various levels. The Parish Safeguarding Officer has implemented use of the Diocesan safeguarding dashboard. This tool enables us to ensure that we continue to be compliant with current safeguarding requirements.
A few safeguarding concerns have arisen during the year, which have been addressed promptly by the Rector and the Parish Safeguarding Officer. Support and advice have been sought from the Diocese when necessary.
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St Andrew’s Church, Malvern 2021
## **10. Administrative Information**
## **Full Name:**
The Parochial Church Council of the Ecclesiastical Parish of St Andrew Malvern.
## **Charity Registration Number** : 1128973.
The Church is an unincorporated charity constituted as detailed earlier in this report.
## **Address**
St. Andrew’s Church, Churchdown Road, Malvern, WR14 3JX
**Secretary** - currently vacant.
Being covered by one of the Church Administrators - Mrs Sarah Yeadon, c/o St. Andrew’s Church, Churchdown Road, Malvern, WR14 3JX.
## **Leadership**
Incumbent: Revd Dave Bruce Team Vicar: Revd Lynne Sparkes Team Curate: Revd Peter Myres Associate Ministers: Revd David Ritchie Revd Helen Wilkinson Youth Ministry Leader: Vacant and currently advertised Michael (Eddy) Edwards had the role for 3 years to August 2021
Children and Families Ministry Leader: Helen Attree
Wardens: Nick Fane Lis Whybrow Readers: Derham Cook Judith Keene Heather Williamson
Representatives on Deanery Synod: Jane Mortimore Carole Nicholls
## **Trustees (PCC Members)**
The trustees (PCC Members) who served during the year were:
Dave Bruce (Chair) Derek Barnes (Vice Chair) Nick Fane (Churchwarden) Lis Whybrow (Churchwarden) Andy Lymer (Treasurer) Derham Cook Val Fane Alan Holmes
Page
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St Andrew’s Church, Malvern 2021
Virginia Jones Anna Laidler Chris Mesley Jane Mortimore Peter Myres (from 20[th] May 2021) Carole Nicholls (from 18[th] April 2021) Simon Noble Jennifer Oakley Judy Oliver (to 18[th] April 2021) Ellie Quinlan Colin Robbins Alice Wills (resigned 2[nd] October 2021) Heather Williamson Helen Wilkinson (from 20[th] May 2021)
## **11. Declaration:**
The Trustees (PCC) declare that they have approved this annual report at their meeting on the 17[th] March 2022. Signed on behalf of the PCC:
Revd D C Bruce MA **Chair**
Dr D H Barnes **Deputy Chair**
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Charlty Rtrjlstration No. 1128973
ST ANDREW'S CHURCH, MALVERN
ANNUAL FINANCIAL STATEMENTS FOR THE
YEAR ENDED 31 DECEMBER 2021
ST ANDREW'S CHURCH, MALVERN
ANNUAL FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 DECEMBER 2021
CONTENTS
Page
IndeFendent examine¢s report
Statement of financial a¢Xivifies
Balance sheet
Notes to the financial statements
5-18
ST ANDREW'S CHURCH, MALVERN
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ST ANDREWS CHURCH, MALVERN
I report to the truslÈes on my examination of the financial statements of St Andrews Church. Malvern Ithe
Churchl for the year eThJed 31 December 2021.
Rèsponsibilities 2nd basis ol report
As the Iruslees of the Church you are reswrBJble for the preparation of the firncial 6tstements in
accordan wth the requirements of the Charrties Act 2011 Ithe 2011 Acll.
I iewrt in respect of my examinth.on of the Church's financial statements carried out under section 145 of
the 2011 Act. In carrying out my examination I have followed all the appli¢atAe Direciions gNen by the
Charity Commission undei section 14515llbl of the 2011 A(*.
Indepèndent examiner's statement
Your attention is drawn lo the fad that the charity has prepared financial statements in accordance wqth
Accounting and Rep)rting by Charf(ies prenrj their accounts in accordan¢e with the Financial Reporting
Standard applicable in the UK and Reput1¢ of Ireland IFRS 1021 in PTeferen¢e to the Acfx)unting and
Reporting by Chanties.. Statement of Re(y)mmended Praclice issued on 1 April 2005 which is referred lo in
the extant regulations but has now wthdrawn.
l undetstand that this has l)een done in order for financial ststements to provide a true and fair view in
accordance with Generalty A¢ceFrted Accounting Ptactice effeclive for repofb'ng periods beginning on or
after 1 January 2015.
I have completed my examinabon. I confirm that no matters have come lo my attention in connection with
the examination giving me cause to telieve th3t in any mateiial reSF¢l..
accounting re¢orts Vre not kept in respect of the Chu¥ch as required by 5eckn.on 130 of the 2011 Pd",
or
the finanual statements do not arxord wth those recoTds". or
the finanryal statements do not cofflply with the applicatle requirements ncerning the form and
content of aco)unts set out in the Charrties IAco)unts arKI Reportsl Regulations 20Q8 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 concems and have come across no other Matt in o)nne¢tion with the examination lo
attention shoukl be drawn in this report in order to enable a PfOFtr understandiro of the financial statements
to be reached.
El8beth Needham ACA CTA IVATI
Kendall Wa¢Jley LLP
Granta Lodge
71 Graham Road
Malvern
Worcestershlre
WR14 2JS
Dated.. 17 March 2022
ST ANDREW'S CHURCH, MALVERN
STATEMENT OF FINANCIALACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
Curfent rinancial year
Unrestrthd Uniestricted Restricted Endowment
funds
funds
funds
funds
general designated
2021
2021
Total
Total
2021
2021
2021
2020
Notes
endowmen
from=
Donations and legaoes
Church activities
Voluntary Inco
Investments
Other incoming
resources
18,289
12,4
153,085
13.
32,257
18,990
4.112
17,392
174,589
90
168,848
9,136
11,636
13,925
Total incoma
193,0
9,481
34.746
237,323
239,127
Ex
nditure on:
Charitable activit'es
192,112
6,961
t.162
229.235
218.787
Net gairtslllossesl on
investments
12
12651
12651
591
Net incomingl
loutgoingl resources
before tiansfeTS
2.520
12651
7,823
20,931
Gros5 transfers
b*Neen fund5
13
2,7
12.7001
Net movement in funds
3.684
11801
12651
7.823
20,931
Fund balances at 1
January 2021
97.476
11.089
26,271
2,045
136,881
115,950
Fund balances at 31
December 2021
101.160
10.909
1.780
144,704
136,881
The statement of financial ath4rties includes all ga.'-s 2nd tsses rect)gp.isett in th.
All income arKI expendfture derwe from continuing actNrties_
ST ANDREW'S CHURCH, MALVERN
STATEMENT OF FINANCIAL ACTMTIES (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Prior financial year
Unrestricted Unrestricted Restricted Endowmenl
funds
funds
funds
funds
general designatad
2020
2020
Total
2020
2020
2020
ow
Donations and legacies
Church ath"vrties
Voluntary income
InveslmeDts
Other incoming resources
12.398
14.537
156,853
44
8,925
6.5Y2
18,990
37.320
168,848
44
13,925
22,783
419
11,576
Total income
12.757
23.202
23,168
239,127
Charitable aGtMlies
174.478
16,458
27.851
218,787
Net gainslllossesl on investments
12
591
591
Net incominglloutgoingl
resources before transfers
18,279
6,744
14,6831
591
20,931
Net movement in funds
18,279
6.744
14,6831
591
20,931
Fund balances at 1 January 2020
79.197
4.345
30.954
1,454
115,950
Fund balances at 31 December
2020
97.476
11.Ch89
26,271
2,045
136,881
The statement of financial activrties indudes all gairts and thseg retxgnised in the year.
All income and expenditure derive from continuing ath"vrties.
ST ANDREWS CHURCH, MALVERN
BALANCE SHEET
AS AT31 DECEMBER 2021
2021
2020
Notes
Fixed assets
Tangible assets
Investments
14
15
13,328
1,780
15,423
2,045
15,108
17,468
Currènt assets
Debtors
Cash at bank and in hand
17
5.119
116,651
130.239
133.207
121,770
Creditors: amounts falling due within
one year
18
13.6111
12,3571
Net Current assets
129,596
119,413
Total assets less Current liabillties
144,704
136,881
Capltal funds
Endowment funds
Income funds
General restncted funds
1.780
2.045
30,855
26,271
19
30,855
26,271
Unrestricted fund
Designated funds
General unreslncted furbjs
10,909
101,160
11,089
97,476
112.069
108,565
21
144,704
138,881
The financial statements were approved by the Trustees on 17 March 2022
Rev D C 8ruce MA
Chalr
Dr D H Bames
Deputy Chalr
ST ANDREWS CHURCH, MALVERN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting policies
Charlty Informatfjon
st Andrews Church, Malvem is an unincorporaled charrty arKI ts office B Churchjown Road, Malvern.
WR14 3JX
1.1 Accounting COnvenOn
The financial statements have been preFBred in accordance with the Charrties Act 2011 and ' Accounting
and RerKJrting by Charrties.. Statement of RecommerKYed Practice applicable to charrties preparing their
accounts in a¢¢tsrdan the Finan¢ial Report"trffJ Standard applicable in the UK and Republic of Ireland
IFRS 1021 (effective 1 January 20191" hamng regard to the Church Representation Rules (last UFéated
2U201 I he tihurch Is a L%eneTrt tntsty as dehned by FKb 11Y2.
The Church has taken advantage of the wovisions in the SORP for charrties applying FRS 102 Upjate
Bulletin 1 not to prepare a Ststement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only
to the extent required to provK3e a true and fair view This departu involved following the Statement of
Recommended Prathce foi ¢harrties applying FRS 102 ralher than the version of the Statement of
Recommended Practice which 6 referfe(I to in the Regulatiorts Lxrt which has since been wthdrawn
The financial statements are prepared in sterling. which is the lunctional currency ol the Church. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial stalements have been prepared under the historical wst cx)nvention, modified to include the
revaluation of certain financial instruments at fair value. The principal acLountsng policies adopted ale set
out below.
12 Going ¢on¢ern
At the time of approving the financial stalements. the tnjslees have a reasonable expectation that the
Church has adequate resources to continue in operational eXtsten for the foreseeable future. Thus the
trustees continue to adopt the goirg cortcem t)ass of acwunting in preparing the financial statements.
1.3 Charllable funds
Unrestricted funds are available for use at the dIretIOn of the trustee8 in furtherance of their chaiitable
obiecttves.
DeSnated funds comprise lunds lch have been set asxle at the discretion of the trustees for SFecifie
purp&8es The purFX)ses and uses of the designated funds are set out in the notes to the financial
statements.
Restrided funds are subject to speixfic condrtions by donors as to how they may be used. The purpcyses
and uses of the restricted funds are set out in the notes to the finanaal statements.
Endowment funds are subject to SKtryfic ¢ondrtions by donor5 that the caprtal musl be maintsined by the
Church.
1.4 Income
Income is reo)gnBed vthen the Church is legally entrtkd to it after any performance conditions have been
met. thé amounts C2n be measur1 reli2t4y. 3nd it is prObae that Income will be received.
ST ANDREWS CHURCH, MALVERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting p)licies
Continued)
Cash donations are rery)gnised on weipL other th)natiS are reccgnised On the Church has been
notified of the donation, unless perforrnan o)ndth"ons r8Juire deferral of the am¢>unl. Income tax
recoverable in relation to donations received undei Gift or deeds of covenant is recogn1sed al the time
of the donation.
Legacies are recognised on receiKrt OF OtheTrvise if the Church ha5 been notified of an impendir
dislTibution, the amount B known. and receipt is expected. If the amount is not known, the legacy is treated
as a conlirvJtrFrt asseL
Expendrture is re¢0Jneli once there 15 a iegai or consuuciive ODivJaiion TO transTer economic benefft io a
third paty, f£ is probable that a transfer of econcxnic benefts will be requir in settlemen( the amount
of the obligation can te measured reliatrAy.
Expendf(ure is ¢lassrfied by acltvty. The ¢ts of each athvity are made ijp of the total of direGt ¢051s and
shared costs, Including supF*¥t costs Invoed in undertaknng eac* actwty. Direct costs attribulaljè to a
single activrty are allocated directty to that actmty Shared costs which o)ntrilxrte to more than one ath.vity
and support $ts which are n¢ attnbutable to a Sing aclmty are apportioned bebmeen those activrties on
a basis ¢or1515tent wrth the use of reS¢MJr. Central staff costs ale allocat&J on the bask% of tsme spent,
and depreciation charges are allocated on the portion ofthe asset's use.
1.5 Tangible fixed assets
Tangible fixed assets are inrtialty measured at ¢c6t and sut6equently measured at cost or valuation, net of
deweciation and any impaTrrmenl losse5.
Equirffient used within the church premBes lindudirKJ the Church Centre and the Chase Team Offi)
depreciated on a straghl line basis over fouf years. IrKlividual Ite of equipment wth a purchase pri(* of
£1,500 or less are written off when the asset is acquir1.
The gain or loss arising on the disposal of an asset determined as the difference between the Sale
proceeds and the (2rrying value of the asset and B recognised in the statement of finanual actwrtie5.
Conse¢r*ed and nefice prortY 1$ not in¢luded in the acoJunts by virtue of s9612)lal of the Charities Act
1993.
Movable church ftjmishings hekl by the Vicar and Churchwardens on SFecRI trust for the PCC and whic
require a facuty for disposal are lnaln3trAe property. listett in the Chur<*'s inventory. which Can be
inspected lal any reasonable timel. For anythirwJ awuired prior to 2000 there is insufft'cient cost information
available and, therefore. such assets are not valued in the financial slaternents.
1.6 Flxed a%set investments
Fixed asset investments are inlty measured at transat*"on wce excluding transaction costs, and are
sulJ%equently measured at fair value at each reFKsrh"ThJ date. Charges in fair value aTe recognised in net
Inme}(eXpendrtUreI foi the year. Transaction costs are expensed as incurred.
1.7 Impai1Trnt of fixed assets
At each reporting end dale, the Church revie8 the Carrying amounts of its tsrgilje assets lo determine
whether there Ys any Indication that those assets have suffered an impaim)ent loss If any such indication
exists, the recoverable amounl of the asset ests"mated in order to determine the extent of the imkEirrnent
loss lif any).
ST ANDREWS CHURCH, MALVERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting policies
(Continued)
1.8 Cash and cash equivalents
Cash and cash equwalenls include cash in haThl. deFK)sits held at call with banks, and other short-lerm
liquid investments wth original maturities of three months or less.
1.9 Financial instruments
The Church has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'other Financial Instfuments Issues, of FRS 11Y2 to all of its financial instwments.
Financial instruments are recognised in the Church's balanc£ sheet the Church becomes party to the
ContraUal prowsions oi the in51TumeN.
Basic ffnanelal 8ssets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price induding transaction Sts and are sut6equenlly camed at amortised cost. Finanoal
assets dassified as re1VatIe Nmthin one year are not amorti5ed.
Basic finanual liabilities
Basic financial liabilrties. including credttors and bank loans are inilialty recoJnised at transaction price.
FinanrAal liabilrties dassified as payaue wrthin s)ne year are rsot amorkn"sed.
Derecognition of financial liabilities
Financial liabilrties are derecognised when the Church's contractual Dlgatrts exFire OT are discharged OT
cancelled
1.10 Employee benellts
The cost of any unused holvjay enttlement is recognised in the pericyj in which the employee's services
are re¥*4ved.
Tefmination benefrts are recognised immedtately as an expense en the Church r8 dernonslraY
eommitted to terminate the employment (rf an emFAoyee or to provule termination beneffts.
1.11 Retirement benefits
Payments to defined contribution retirement benefft schemes are charged a% an expense as they fall due.
Crltlcal accountlng estlmates and Judgements
In the application of the Church's accountiro policies. the trustees are requir&J to make judgemerrts.
estimates and assumF*ions ab)ut the carrying amount of assets aTrJ liabilrties that are not readily apparent
from other sources. The estimates and associated assumptiorts are based on htstorKal expeiience and
other factors that are consklered to be relevant. Actual $urtS may drffer from these estimates.
The estimates and undertying assumpthJn$ are revIeV on an ongoiThJ basis. Revisions to accounting
estimate5 are recognBed in the peric¥J in which the eslimate ts revised where the revision affects only that
peiiod, 01 in the period ol the ievi5ion and luiuie peri(xls vthere Ihe ievision affectts- both cuiienl and Tuluie
periods.
ST ANDREW'S CHURCH, MALVERN
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Donallons and legacles
Unrestricted Restricted
funds
funds
gèneral
2021
Total Unrestridl Restrictw
funds
fvnds
general
Total
2021
2021
2020
2020
Legaue5 recewable
Grant income
lo.11
10.0
18.289
6,i92
18,990
18,289
13.968
32,257
12.398
6,592
18,990
Grants receivable for
core activitie5
DEFRA Grant
Covid-19 SUPFX)rt
Job Retention SChe
6,592
6,592
10,000
2,398
17,669
620
17,669
620
10.(KIO
2.398
18,289
3,8
22.257
12398
6,5
18,990
Church activltles
Church
Church
aeUvtrtOes aetFvllles
2021
2020
Activits"es
Weddings and funeraL8
Capf(al proje¢ts
Blessings fund
Church hall
3,435
4,880
216
4,557
5,663
1,954
3,154
216
22,421
9,575
18,751
37,320
Analysis by fund
Unrestricted funds- general
Unreslrided funds- desunated
Restricted funds
12,4
5,369
14,537
22,783
18,751
37,320
i (4 0
00
ZI *Zlp41
ST ANDREW'S CHURCH, MALVERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Investsnents
UnTestricted Unrestricted
funds
funds
general
general
2021
2020
Interest receivable
Other incomlng resources
Unrestricted Restricted
funds
funds
general
2021
Total Unrestricted RestriCtj
fvnds
funds
geneTal
2020
Tota
121
2021
2020
2020
WDBF support for Youth
Minister
All Sairrts expenses
share ar¥J othei income
5,0(XJ
5,0Th)
9,136
9,136
8,Y25
8,925
9.136
2.500
11.
8,25
5,000
13,925
10-
ST ANDREW'S CHURCH, MALVERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Charitable activities
Church
actovlties
2021
Church
activities
2020
staff costs
Depreciatson and impaim)ent
Parish share
Church 'awav' aNIThJ
Clergy expenses and semce ts)sts
Weddings and fiJnera IWDBFI
Office costs
Youth and childrerts Work
Mission and cornmunrty
Buildings running aTh# maintenance costs
Mis¢ellaneous
Gift to St Mary's Churoh
62,$99
7,491
81,6(K)
15.622
4.198
2,876
4.8QK)
3.170
19.901
8,878
1.930
15.0
65,557
7.351
81,600
9,850
2,569
3,173
6,166
2,661
28,792
7,432
2,466
228,(5
217,617
Share of support cc6ts (see note 91
Share of governance costs (s& note 9)
480
690
61
218,787
Analysis by fund
Unrestricted fLJnds- general
Unrestricted funds- designated
Restricted lunds
192, 112
6,961
30,162
174,478
16,458
27,851
229,235
218,787
ST ANnRFW'.q fHI IRfH MAI VFRhl
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Support costs
sUprt Governan
costs
costs
Supw)rt Governance
costs
Costs
Accountsncy
480
Independent
examination fees
690
690
480
1.170
480
6
t.170
Analysed been
Charrtable activrtie9
1.170
1,170
10 Trustees
Payments to PCC Members." None lexdude5 reimbursement foT exper6esl. The exEEnses paid to clergy
may include a small immaterial proporticfft which related to their funcb'on as a PCC member
11 Employaes
Number of emplo*
The average monthly nurntr[ of employees durirKJ the year was".
2021
Number
2020
Number
Average number of employees
Full tsme equivalents number of employees
Employment costs
2021
2020
Wages and salaries
Other pension costs
62,201
398
64,945
612
2,599
65,557
There were no ernoYeeS whose annual remuneration was £60.0 or mote.
ST ANDREW'S CHURCH, MALVERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
12 Net gainslllosses) on investments
Endovmient Endowment
funds
funds
2021
2020
Revaluaknon of investJnents
1265)
591
13 Transfers
The transfer btheen f%Jnd represents the release of funds rai8ed lo purchase equipment followng
acquisits.on of the same.
14 Tangible fixed assets
Church
Total
Cost
At 1 January 2021
Addrtion5
20,336
9,050
5,396
29,386
5.396
At 31 Dernber 2021
20,3
14,446
34,782
Al 1 January 2021
Depreciats'on charged in the year
7,550
5,085
6,413
2,4(
13.963
7.491
At 31 Dembe[ 2021
12,635
8,819
21.454
Carrying amount
At 31 December 2021
7,701
5.627
13,328
At 31 December 2¢Y20
12,786
2,637
15.423
15 Fixed asset investments
ST ANDREW'S CHURCH, MALVERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
15 Fixed a55et investments
(Continued)
Listed
investments
Cost or valuation
Al 1 January 2021
Valuation changes
2,045
12651
At 31 December 2021
1,780
Carrylng amount
At 31 December 2021
1,780
At 31 December 2020
2,045
16 Financial instruments
2021
2020
Cafrying amount of financial assets
Ilfoiiurrieiiis frie1U dL Idll Vdiue iriiuLwJrt Piviii L¥1 iLbts
i.iou
17 Debtors
2021
2020
Amounts falling duewithin one year:
Trade debto
2,968
5,119
18 Creditors: amounts falling due within one year
2021
2020
other taxation and so¢ial se¢ur(ly
Trade creditors
Ac¢Juals and deferred incorne
552
1.496
1,563
737
331
1,289
3,611
2,357
14
ST ANDREWS CHURCH, MALVERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
19 Restricted funds
The income funds 01 the charity indude ieslrityxal funds comrKtsirg the followrvJ unexpended balances of donations
specffic purwses..
Movement in fulS
BalarKeat IrKroThr¥ Resowces Transfers
1 January 2021
Baartt at
31 Decenknr 2021
IkD
Yoirth Minister
Youth
Evangelism
2,500
{2.500)
15%)
2.600
2,004
26,271
34.746
130.162)
30,855
Ba*nce at
1 January 2020
TTrnslers
Balance at
1 January2021
CAP Mafvem
Youth Minister
Youth
Evangelism
28,354
18.168
s.0
122.851)
15.0001
23,671
2,600
2,600
30,954
23.168
{27,8511
26.271
The restrided lunds are derivwj from income re(*ived expetx1ed to run the projects shown above.
15
ST ANDREW'S CHURCH, MALVERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
viii
These are unrestricted funds bthich are material to the Church's actNities made up as follows".
Movement in lunds
Irclra
Balanceat
1 knry2021
BaFance at
31 2021
Octsgon
Cafe
Defibrilator
3,031
120
514
60
11.4961
1791
2,049
101
Treasures
Capital Fund
Projects
Blessings
Fund
Special
Collections
448
82
530
156
156
312
6,707
4,557
13.3471
7,917
627
4.112
12.0391
12.700)
11,089
9,481
{6.9611
12,7CQ)
10,909
Balance at
1 January 2020 exrMded
Balance al
1 January 2021
Octagon
Cafe
Defibrilator
Littlè
Treasures
Ladies
Ministry
Caprtal Fund
Projects
Blessings
Fund
Special
Collections
3,031
60
3,031
120
439
146
11371
448
199
11991
156
408
22,421
116.3211
199
6,707
208
419
627
4,345
23,202
116,458)
11,089
16
li
Jo
pj o
vj o ¢
ST ANDREW'S CHURCH. MALVERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
There were no dtsdOSae reLited party transactK)ns during the year12020- none).
Charlty Rtrjlstration No. 1128973
ST ANDREW'S CHURCH, MALVERN
ANNUAL FINANCIAL STATEMENTS FOR THE
YEAR ENDED 31 DECEMBER 2021
ST ANDREW'S CHURCH, MALVERN
ANNUAL FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 DECEMBER 2021
CONTENTS
Page
IndeFendent examine¢s report
Statement of financial a¢Xivifies
Balance sheet
Notes to the financial statements
5-18
ST ANDREW'S CHURCH, MALVERN
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ST ANDREWS CHURCH, MALVERN
I report to the truslÈes on my examination of the financial statements of St Andrews Church. Malvern Ithe
Churchl for the year eThJed 31 December 2021.
Rèsponsibilities 2nd basis ol report
As the Iruslees of the Church you are reswrBJble for the preparation of the firncial 6tstements in
accordan wth the requirements of the Charrties Act 2011 Ithe 2011 Acll.
I iewrt in respect of my examinth.on of the Church's financial statements carried out under section 145 of
the 2011 Act. In carrying out my examination I have followed all the appli¢atAe Direciions gNen by the
Charity Commission undei section 14515llbl of the 2011 A(*.
Indepèndent examiner's statement
Your attention is drawn lo the fad that the charity has prepared financial statements in accordance wqth
Accounting and Rep)rting by Charf(ies prenrj their accounts in accordan¢e with the Financial Reporting
Standard applicable in the UK and Reput1¢ of Ireland IFRS 1021 in PTeferen¢e to the Acfx)unting and
Reporting by Chanties.. Statement of Re(y)mmended Praclice issued on 1 April 2005 which is referred lo in
the extant regulations but has now wthdrawn.
l undetstand that this has l)een done in order for financial ststements to provide a true and fair view in
accordance with Generalty A¢ceFrted Accounting Ptactice effeclive for repofb'ng periods beginning on or
after 1 January 2015.
I have completed my examinabon. I confirm that no matters have come lo my attention in connection with
the examination giving me cause to telieve th3t in any mateiial reSF¢l..
accounting re¢orts Vre not kept in respect of the Chu¥ch as required by 5eckn.on 130 of the 2011 Pd",
or
the finanual statements do not arxord wth those recoTds". or
the finanryal statements do not cofflply with the applicatle requirements ncerning the form and
content of aco)unts set out in the Charrties IAco)unts arKI Reportsl Regulations 20Q8 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 concems and have come across no other Matt in o)nne¢tion with the examination lo
attention shoukl be drawn in this report in order to enable a PfOFtr understandiro of the financial statements
to be reached.
El8beth Needham ACA CTA IVATI
Kendall Wa¢Jley LLP
Granta Lodge
71 Graham Road
Malvern
Worcestershlre
WR14 2JS
Dated.. 17 March 2022
ST ANDREW'S CHURCH, MALVERN
STATEMENT OF FINANCIALACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
Curfent rinancial year
Unrestrthd Uniestricted Restricted Endowment
funds
funds
funds
funds
general designated
2021
2021
Total
Total
2021
2021
2021
2020
Notes
endowmen
from=
Donations and legaoes
Church activities
Voluntary Inco
Investments
Other incoming
resources
18,289
12,4
153,085
13.
32,257
18,990
4.112
17,392
174,589
90
168,848
9,136
11,636
13,925
Total incoma
193,0
9,481
34.746
237,323
239,127
Ex
nditure on:
Charitable activit'es
192,112
6,961
t.162
229.235
218.787
Net gairtslllossesl on
investments
12
12651
12651
591
Net incomingl
loutgoingl resources
before tiansfeTS
2.520
12651
7,823
20,931
Gros5 transfers
b*Neen fund5
13
2,7
12.7001
Net movement in funds
3.684
11801
12651
7.823
20,931
Fund balances at 1
January 2021
97.476
11.089
26,271
2,045
136,881
115,950
Fund balances at 31
December 2021
101.160
10.909
1.780
144,704
136,881
The statement of financial ath4rties includes all ga.'-s 2nd tsses rect)gp.isett in th.
All income arKI expendfture derwe from continuing actNrties_
ST ANDREW'S CHURCH, MALVERN
STATEMENT OF FINANCIAL ACTMTIES (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Prior financial year
Unrestricted Unrestricted Restricted Endowmenl
funds
funds
funds
funds
general designatad
2020
2020
Total
2020
2020
2020
ow
Donations and legacies
Church ath"vrties
Voluntary income
InveslmeDts
Other incoming resources
12.398
14.537
156,853
44
8,925
6.5Y2
18,990
37.320
168,848
44
13,925
22,783
419
11,576
Total income
12.757
23.202
23,168
239,127
Charitable aGtMlies
174.478
16,458
27.851
218,787
Net gainslllossesl on investments
12
591
591
Net incominglloutgoingl
resources before transfers
18,279
6,744
14,6831
591
20,931
Net movement in funds
18,279
6.744
14,6831
591
20,931
Fund balances at 1 January 2020
79.197
4.345
30.954
1,454
115,950
Fund balances at 31 December
2020
97.476
11.Ch89
26,271
2,045
136,881
The statement of financial activrties indudes all gairts and thseg retxgnised in the year.
All income and expenditure derive from continuing ath"vrties.
ST ANDREWS CHURCH, MALVERN
BALANCE SHEET
AS AT31 DECEMBER 2021
2021
2020
Notes
Fixed assets
Tangible assets
Investments
14
15
13,328
1,780
15,423
2,045
15,108
17,468
Currènt assets
Debtors
Cash at bank and in hand
17
5.119
116,651
130.239
133.207
121,770
Creditors: amounts falling due within
one year
18
13.6111
12,3571
Net Current assets
129,596
119,413
Total assets less Current liabillties
144,704
136,881
Capltal funds
Endowment funds
Income funds
General restncted funds
1.780
2.045
30,855
26,271
19
30,855
26,271
Unrestricted fund
Designated funds
General unreslncted furbjs
10,909
101,160
11,089
97,476
112.069
108,565
21
144,704
138,881
The financial statements were approved by the Trustees on 17 March 2022
Rev D C 8ruce MA
Chalr
Dr D H Bames
Deputy Chalr
ST ANDREWS CHURCH, MALVERN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting policies
Charlty Informatfjon
st Andrews Church, Malvem is an unincorporaled charrty arKI ts office B Churchjown Road, Malvern.
WR14 3JX
1.1 Accounting COnvenOn
The financial statements have been preFBred in accordance with the Charrties Act 2011 and ' Accounting
and RerKJrting by Charrties.. Statement of RecommerKYed Practice applicable to charrties preparing their
accounts in a¢¢tsrdan the Finan¢ial Report"trffJ Standard applicable in the UK and Republic of Ireland
IFRS 1021 (effective 1 January 20191" hamng regard to the Church Representation Rules (last UFéated
2U201 I he tihurch Is a L%eneTrt tntsty as dehned by FKb 11Y2.
The Church has taken advantage of the wovisions in the SORP for charrties applying FRS 102 Upjate
Bulletin 1 not to prepare a Ststement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only
to the extent required to provK3e a true and fair view This departu involved following the Statement of
Recommended Prathce foi ¢harrties applying FRS 102 ralher than the version of the Statement of
Recommended Practice which 6 referfe(I to in the Regulatiorts Lxrt which has since been wthdrawn
The financial statements are prepared in sterling. which is the lunctional currency ol the Church. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial stalements have been prepared under the historical wst cx)nvention, modified to include the
revaluation of certain financial instruments at fair value. The principal acLountsng policies adopted ale set
out below.
12 Going ¢on¢ern
At the time of approving the financial stalements. the tnjslees have a reasonable expectation that the
Church has adequate resources to continue in operational eXtsten for the foreseeable future. Thus the
trustees continue to adopt the goirg cortcem t)ass of acwunting in preparing the financial statements.
1.3 Charllable funds
Unrestricted funds are available for use at the dIretIOn of the trustee8 in furtherance of their chaiitable
obiecttves.
DeSnated funds comprise lunds lch have been set asxle at the discretion of the trustees for SFecifie
purp&8es The purFX)ses and uses of the designated funds are set out in the notes to the financial
statements.
Restrided funds are subject to speixfic condrtions by donors as to how they may be used. The purpcyses
and uses of the restricted funds are set out in the notes to the finanaal statements.
Endowment funds are subject to SKtryfic ¢ondrtions by donor5 that the caprtal musl be maintsined by the
Church.
1.4 Income
Income is reo)gnBed vthen the Church is legally entrtkd to it after any performance conditions have been
met. thé amounts C2n be measur1 reli2t4y. 3nd it is prObae that Income will be received.
ST ANDREWS CHURCH, MALVERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting p)licies
Continued)
Cash donations are rery)gnised on weipL other th)natiS are reccgnised On the Church has been
notified of the donation, unless perforrnan o)ndth"ons r8Juire deferral of the am¢>unl. Income tax
recoverable in relation to donations received undei Gift or deeds of covenant is recogn1sed al the time
of the donation.
Legacies are recognised on receiKrt OF OtheTrvise if the Church ha5 been notified of an impendir
dislTibution, the amount B known. and receipt is expected. If the amount is not known, the legacy is treated
as a conlirvJtrFrt asseL
Expendrture is re¢0Jneli once there 15 a iegai or consuuciive ODivJaiion TO transTer economic benefft io a
third paty, f£ is probable that a transfer of econcxnic benefts will be requir in settlemen( the amount
of the obligation can te measured reliatrAy.
Expendf(ure is ¢lassrfied by acltvty. The ¢ts of each athvity are made ijp of the total of direGt ¢051s and
shared costs, Including supF*¥t costs Invoed in undertaknng eac* actwty. Direct costs attribulaljè to a
single activrty are allocated directty to that actmty Shared costs which o)ntrilxrte to more than one ath.vity
and support $ts which are n¢ attnbutable to a Sing aclmty are apportioned bebmeen those activrties on
a basis ¢or1515tent wrth the use of reS¢MJr. Central staff costs ale allocat&J on the bask% of tsme spent,
and depreciation charges are allocated on the portion ofthe asset's use.
1.5 Tangible fixed assets
Tangible fixed assets are inrtialty measured at ¢c6t and sut6equently measured at cost or valuation, net of
deweciation and any impaTrrmenl losse5.
Equirffient used within the church premBes lindudirKJ the Church Centre and the Chase Team Offi)
depreciated on a straghl line basis over fouf years. IrKlividual Ite of equipment wth a purchase pri(* of
£1,500 or less are written off when the asset is acquir1.
The gain or loss arising on the disposal of an asset determined as the difference between the Sale
proceeds and the (2rrying value of the asset and B recognised in the statement of finanual actwrtie5.
Conse¢r*ed and nefice prortY 1$ not in¢luded in the acoJunts by virtue of s9612)lal of the Charities Act
1993.
Movable church ftjmishings hekl by the Vicar and Churchwardens on SFecRI trust for the PCC and whic
require a facuty for disposal are lnaln3trAe property. listett in the Chur<*'s inventory. which Can be
inspected lal any reasonable timel. For anythirwJ awuired prior to 2000 there is insufft'cient cost information
available and, therefore. such assets are not valued in the financial slaternents.
1.6 Flxed a%set investments
Fixed asset investments are inlty measured at transat*"on wce excluding transaction costs, and are
sulJ%equently measured at fair value at each reFKsrh"ThJ date. Charges in fair value aTe recognised in net
Inme}(eXpendrtUreI foi the year. Transaction costs are expensed as incurred.
1.7 Impai1Trnt of fixed assets
At each reporting end dale, the Church revie8 the Carrying amounts of its tsrgilje assets lo determine
whether there Ys any Indication that those assets have suffered an impaim)ent loss If any such indication
exists, the recoverable amounl of the asset ests"mated in order to determine the extent of the imkEirrnent
loss lif any).
ST ANDREWS CHURCH, MALVERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting policies
(Continued)
1.8 Cash and cash equivalents
Cash and cash equwalenls include cash in haThl. deFK)sits held at call with banks, and other short-lerm
liquid investments wth original maturities of three months or less.
1.9 Financial instruments
The Church has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'other Financial Instfuments Issues, of FRS 11Y2 to all of its financial instwments.
Financial instruments are recognised in the Church's balanc£ sheet the Church becomes party to the
ContraUal prowsions oi the in51TumeN.
Basic ffnanelal 8ssets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price induding transaction Sts and are sut6equenlly camed at amortised cost. Finanoal
assets dassified as re1VatIe Nmthin one year are not amorti5ed.
Basic finanual liabilities
Basic financial liabilrties. including credttors and bank loans are inilialty recoJnised at transaction price.
FinanrAal liabilrties dassified as payaue wrthin s)ne year are rsot amorkn"sed.
Derecognition of financial liabilities
Financial liabilrties are derecognised when the Church's contractual Dlgatrts exFire OT are discharged OT
cancelled
1.10 Employee benellts
The cost of any unused holvjay enttlement is recognised in the pericyj in which the employee's services
are re¥*4ved.
Tefmination benefrts are recognised immedtately as an expense en the Church r8 dernonslraY
eommitted to terminate the employment (rf an emFAoyee or to provule termination beneffts.
1.11 Retirement benefits
Payments to defined contribution retirement benefft schemes are charged a% an expense as they fall due.
Crltlcal accountlng estlmates and Judgements
In the application of the Church's accountiro policies. the trustees are requir&J to make judgemerrts.
estimates and assumF*ions ab)ut the carrying amount of assets aTrJ liabilrties that are not readily apparent
from other sources. The estimates and associated assumptiorts are based on htstorKal expeiience and
other factors that are consklered to be relevant. Actual $urtS may drffer from these estimates.
The estimates and undertying assumpthJn$ are revIeV on an ongoiThJ basis. Revisions to accounting
estimate5 are recognBed in the peric¥J in which the eslimate ts revised where the revision affects only that
peiiod, 01 in the period ol the ievi5ion and luiuie peri(xls vthere Ihe ievision affectts- both cuiienl and Tuluie
periods.
ST ANDREW'S CHURCH, MALVERN
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Donallons and legacles
Unrestricted Restricted
funds
funds
gèneral
2021
Total Unrestridl Restrictw
funds
fvnds
general
Total
2021
2021
2020
2020
Legaue5 recewable
Grant income
lo.11
10.0
18.289
6,i92
18,990
18,289
13.968
32,257
12.398
6,592
18,990
Grants receivable for
core activitie5
DEFRA Grant
Covid-19 SUPFX)rt
Job Retention SChe
6,592
6,592
10,000
2,398
17,669
620
17,669
620
10.(KIO
2.398
18,289
3,8
22.257
12398
6,5
18,990
Church activltles
Church
Church
aeUvtrtOes aetFvllles
2021
2020
Activits"es
Weddings and funeraL8
Capf(al proje¢ts
Blessings fund
Church hall
3,435
4,880
216
4,557
5,663
1,954
3,154
216
22,421
9,575
18,751
37,320
Analysis by fund
Unrestricted funds- general
Unreslrided funds- desunated
Restricted funds
12,4
5,369
14,537
22,783
18,751
37,320
i (4 0
00
ZI *Zlp41
ST ANDREW'S CHURCH, MALVERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Investsnents
UnTestricted Unrestricted
funds
funds
general
general
2021
2020
Interest receivable
Other incomlng resources
Unrestricted Restricted
funds
funds
general
2021
Total Unrestricted RestriCtj
fvnds
funds
geneTal
2020
Tota
121
2021
2020
2020
WDBF support for Youth
Minister
All Sairrts expenses
share ar¥J othei income
5,0(XJ
5,0Th)
9,136
9,136
8,Y25
8,925
9.136
2.500
11.
8,25
5,000
13,925
10-
ST ANDREW'S CHURCH, MALVERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Charitable activities
Church
actovlties
2021
Church
activities
2020
staff costs
Depreciatson and impaim)ent
Parish share
Church 'awav' aNIThJ
Clergy expenses and semce ts)sts
Weddings and fiJnera IWDBFI
Office costs
Youth and childrerts Work
Mission and cornmunrty
Buildings running aTh# maintenance costs
Mis¢ellaneous
Gift to St Mary's Churoh
62,$99
7,491
81,6(K)
15.622
4.198
2,876
4.8QK)
3.170
19.901
8,878
1.930
15.0
65,557
7.351
81,600
9,850
2,569
3,173
6,166
2,661
28,792
7,432
2,466
228,(5
217,617
Share of support cc6ts (see note 91
Share of governance costs (s& note 9)
480
690
61
218,787
Analysis by fund
Unrestricted fLJnds- general
Unrestricted funds- designated
Restricted lunds
192, 112
6,961
30,162
174,478
16,458
27,851
229,235
218,787
ST ANnRFW'.q fHI IRfH MAI VFRhl
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Support costs
sUprt Governan
costs
costs
Supw)rt Governance
costs
Costs
Accountsncy
480
Independent
examination fees
690
690
480
1.170
480
6
t.170
Analysed been
Charrtable activrtie9
1.170
1,170
10 Trustees
Payments to PCC Members." None lexdude5 reimbursement foT exper6esl. The exEEnses paid to clergy
may include a small immaterial proporticfft which related to their funcb'on as a PCC member
11 Employaes
Number of emplo*
The average monthly nurntr[ of employees durirKJ the year was".
2021
Number
2020
Number
Average number of employees
Full tsme equivalents number of employees
Employment costs
2021
2020
Wages and salaries
Other pension costs
62,201
398
64,945
612
2,599
65,557
There were no ernoYeeS whose annual remuneration was £60.0 or mote.
ST ANDREW'S CHURCH, MALVERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
12 Net gainslllosses) on investments
Endovmient Endowment
funds
funds
2021
2020
Revaluaknon of investJnents
1265)
591
13 Transfers
The transfer btheen f%Jnd represents the release of funds rai8ed lo purchase equipment followng
acquisits.on of the same.
14 Tangible fixed assets
Church
Total
Cost
At 1 January 2021
Addrtion5
20,336
9,050
5,396
29,386
5.396
At 31 Dernber 2021
20,3
14,446
34,782
Al 1 January 2021
Depreciats'on charged in the year
7,550
5,085
6,413
2,4(
13.963
7.491
At 31 Dembe[ 2021
12,635
8,819
21.454
Carrying amount
At 31 December 2021
7,701
5.627
13,328
At 31 December 2¢Y20
12,786
2,637
15.423
15 Fixed asset investments
ST ANDREW'S CHURCH, MALVERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
15 Fixed a55et investments
(Continued)
Listed
investments
Cost or valuation
Al 1 January 2021
Valuation changes
2,045
12651
At 31 December 2021
1,780
Carrylng amount
At 31 December 2021
1,780
At 31 December 2020
2,045
16 Financial instruments
2021
2020
Cafrying amount of financial assets
Ilfoiiurrieiiis frie1U dL Idll Vdiue iriiuLwJrt Piviii L¥1 iLbts
i.iou
17 Debtors
2021
2020
Amounts falling duewithin one year:
Trade debto
2,968
5,119
18 Creditors: amounts falling due within one year
2021
2020
other taxation and so¢ial se¢ur(ly
Trade creditors
Ac¢Juals and deferred incorne
552
1.496
1,563
737
331
1,289
3,611
2,357
14
ST ANDREWS CHURCH, MALVERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
19 Restricted funds
The income funds 01 the charity indude ieslrityxal funds comrKtsirg the followrvJ unexpended balances of donations
specffic purwses..
Movement in fulS
BalarKeat IrKroThr¥ Resowces Transfers
1 January 2021
Baartt at
31 Decenknr 2021
IkD
Yoirth Minister
Youth
Evangelism
2,500
{2.500)
15%)
2.600
2,004
26,271
34.746
130.162)
30,855
Ba*nce at
1 January 2020
TTrnslers
Balance at
1 January2021
CAP Mafvem
Youth Minister
Youth
Evangelism
28,354
18.168
s.0
122.851)
15.0001
23,671
2,600
2,600
30,954
23.168
{27,8511
26.271
The restrided lunds are derivwj from income re(*ived expetx1ed to run the projects shown above.
15
ST ANDREW'S CHURCH, MALVERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
viii
These are unrestricted funds bthich are material to the Church's actNities made up as follows".
Movement in lunds
Irclra
Balanceat
1 knry2021
BaFance at
31 2021
Octsgon
Cafe
Defibrilator
3,031
120
514
60
11.4961
1791
2,049
101
Treasures
Capital Fund
Projects
Blessings
Fund
Special
Collections
448
82
530
156
156
312
6,707
4,557
13.3471
7,917
627
4.112
12.0391
12.700)
11,089
9,481
{6.9611
12,7CQ)
10,909
Balance at
1 January 2020 exrMded
Balance al
1 January 2021
Octagon
Cafe
Defibrilator
Littlè
Treasures
Ladies
Ministry
Caprtal Fund
Projects
Blessings
Fund
Special
Collections
3,031
60
3,031
120
439
146
11371
448
199
11991
156
408
22,421
116.3211
199
6,707
208
419
627
4,345
23,202
116,458)
11,089
16
li
Jo
pj o
vj o ¢
ST ANDREW'S CHURCH. MALVERN
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
There were no dtsdOSae reLited party transactK)ns during the year12020- none).