2021-12-31-accounts

Reference and Administrative Details	Reference and Administrative Details	I to2
Trustees' Report		3to 34
Statement ofTrustees'	Responsibilities	35
Independent Auditors'	Report	36to 39
Statement ofFinancial	Activities	40to 41
Balance Sheet		42
Cash Flow Statement		43
Notes to the Financial	Statements	44to56

years ifthe holder	is still in a role which re	is still in a role which re	quires it. Within t	he Parish the num	bers in 2021 were	as fol	lows:-
	No ofDBS		Deletions	Renewals	New DBS	No	ofDBS
	at	I Jan	&expiries			at	31Dec
Abbey		29	(6)		18		43
Castleton					3		3
StPaul's		25	(3)		6		29
TOTAL		54	(9)	3	27		75

Donations International
Church Mission Society for Helen	Kisakye Mission Partner				5,000
Jerusalem and the Middle East Church				Association	720
Jube Diocesan Model Secondary School, South Sudan					1,000
Latvia StSaviour's Church, Riga (f2,500soup kitchen, f1,000 Seniors' Klub)					3,500
Latvia - Lent appeal (see also below)					2,950
Leprosy Mission					720
Minds ofGood Health South Attica					500
Nsumbi Trust, Uganda (Children's	Centre)				1,000
Ruach, Nicaragua					400
Salisbury Diocese - Sudan General	Fund				2,000
Salisbury Diocese - Bishop Allison	Training College, South Sudan				1,000
Sudan Medical Link (Nurse trtaining			for Covid)		1,700
Sudan Medical Link (top up harvest		donations)			40
USPG					2,000
TOTAL					22,020
Donations National
Bible Society					900
Children's Society					720
Church Army (incf900 from previous				year)	1,620
Church Homeless Trust					320
Farming Community Network					800
Family Counselling Trust					800
Good News for Everyone (formerly		The Gideons)			880
Stable Family Homes Trust					800
TOTAL					0,040
Donations Local
Christians Against Poverty					1,000
Dorset Historic Churches Trust					500
Footprints (supporting ex-offenders)					800
Future Roots (including Lent appeal		f2,950)			5,050
God and the BigBang (matched funding)					1,300
Julia's House (children's hospice)					720
Pilsdon Community					720
RendezVous Sherborne					2,100
SAYCC (Tinneys Youth Centre)					2,100
Sherborne Area Schools Trust (laptops) Sherborne Food Bank (including f500				Covid donation)	2,200 800
Sherborne Parish Shop - books for	Abbey School leavers				116
Weldmar Hospice					1,800
Yeovil Street Pastors					400
TOTAL					19,606

Stateme	nt	of	Financial	Activities for th	e Year Ended	31December 2	021
				Unrestricted	Restricted	Endowment	Total
				funds	funds	funds	2021
			Note				K
Income and Endowments			from:
Donations and legacies				294,738	9,067		303,805
Charitable activities				23,020	11,487		34,507
Other trading activities				70,162	70		70,232
Investment income				176,878	13,372		190,250
Total income				564,798	33,996		598,794
Expenditure on:
Raising funds				(57,276)	(2)		(57,278)
Charitable activities				(509,509)	(34,212)		(543,721)
Total expenditure				(566,785)	(34,214)		(600,999)
Gains/losses on investment
assets				306,828	46,596	314,953	668,377
Net income				304,841	46,378	314,953	666,172
Gross transfers between		funds		1,216	(1,216)
Net movement in funds				306,057	45,162	314,953	666,172
Reconciliation offunds
Total funds brought	forward			3,742,907	394,126	3,172,754	7,309,787
Total funds carried	forward		20	4,048,964	439,288	3,487,707	7,975,959

Statement	of	Financial	Activities for th	e Year Ended	31December 2	021
			Unrestricted	Restricted	Endowment	Total
		Note	funds 8	funds 8	funds	2020f
Income and Endowments		from:
Donations and legacies			460,817	20,380		481,197
Charitable activities			41,048	2,753		43,801
Other trading activities			29,138	23		29,161
Investment income		5	167,878	12,319		180,197
Total income			698,881	35,475		734,356
Expenditure on:
Raising funds			(79,978)	(4)		(79,982)
Charitable activities			(499,304)	(25,306)		(524,610)
Total expenditure			(579,282)	(25,310)		(604,592)
Gains/losses on investment
assets			(306,512)	20,958	143,192	(142,362)
Net (expenditure)/income			(186,913)	31,123	143,192	(12,598)
Gross transfers between	funds		(946)	946
Net movement in funds			(187,859)	32,069	143,192	(12,598)
Reconciliation offunds
Total funds brought forward			3,930,766	362,057	3,029,562	7,322,385
Total funds carried forward		20	3,742,907	394,126	3,172,754	7,309,787

		Balance Sheet as at3	1December 20	21
				2021	2020
			Note	8
Fixed assets
Tangible assets			13	1,498,988	1,328,988
Investments			14	5,848,151	5,179,774
				7,347,139	6,508,762
Current assets
Stocks			15	12,700	15,424
Debtors			16	28,813	188,772
Cash at bank	and in hand		17	599,248	603,009
				640,761	807,205
Creditors: Amounts		falling due within one year	18	(11,941)	(6,180)
Net current	assets			628,820	801,025
Net assets				7,975,959	7,309,787
Funds ofthe	charity:
Endowment	funds			3,487,707	3,172,754
Restricted income funds
Restricted funds			20	439,288	394,126
Unrestricted	income	funds
Unrestricted	funds			4,048,964	3,742,907
Total funds			20	7,975,959	7,309,787

Cash Flow Statement for the Ye	ar Ended 31	December 2021
		2021	2020
	Note
Cash flows from operating activities
Net cash income/(expenditure)		666,172	(12,598)
Adjustments to cash ilows from non-cash items
Investment income	5	(190,250)	(180,197)
Revaluation ofinvestments		(668,377)	142,362
		(192,455)	(50,433)
Working capital adjustments
Decrease in stocks Decrease/(increase) in debtors Increase/(decrease) in creditors	15 16 18	2,724 159,959 5,761	1,900 (184,057) ~1,060
Net cash flows from operating activities		(24,011)	(233,650)
Cash flows from investing activities
Interest receivable and similar income Purchase oftangible fixed assets	5 11	190,250 ~770.0007	180,197
Net cash flows from investing activities		20,250	180,197
Net decrease in cash and cash equivalents		(3,761)	(53,453)
Cash and cash equivalents at 1 January		603,009	656,462
Cash and cash equivalents at 31 December		599,248	603,009

		Unrestricted	funds	Restricted	Total
		Designated	General	funds	funds
			g
Donations and legacies;
Parish giving		43,287	84,510		127,797
Church collecting		1,977	49,553	3,865	55,395
Donations to appeals		7,511	44,456	661	52,628
Legacies				4,000	4,000
Festival sponsorship		15,348			15,348
Gift aid reclaimed		9,528	27,594		37,122
Other income fiom donations	and
legacies		10,974		541	11,515
Total for 2021		88,625	206,113	9,067	303,805
Total for 2020		82,627	378,190	20,380	481,197

3 Income from	c	ha	rit	able a	ct	ivities
						Unrestricted	funds	Restricted	Total
						Designated f	General	fundsf	fundsf
Fees for weddings,			funerals		and
related income							16,567	11,487	28,054
St Paul's Community				Project		2,148			2,148
HMG grants							4,055		4,055
Other events						250			250
Total for 2021						2,398	20,622	11,487	34,507
Total for 2020						2,034	39,014	2,753	43,801
4 Income from other				trading		activities
						Unrestricted	funds	Restricted	Total
						Designated f	General	funds	funds
Trading income;
Sales ofgoods	and		services			28,766		70	28,836
Festival
Ticket snd programme				sales		7,695			7,695
Digby Memorial	Church Hall					29,779			29,779
Concerts						642			642
Government grants						3,280			3,280
Total for 2021						70,162		70	70,232
Total for 2020						28,977	161	23	29,161
5 Investment	income
						Unrestricted	funds	Restricted	Total
						Designated	General	funds	funds
Interest receivable		and similar
income;
Interest receivable			on bank
deposits						]84		3,920	4,104
Other income from		fixed asset
investments							176,694	9,452	186,146
Total for 2021						184	176,694	13,372	190,250
Total for 2020						1,194	166,684	12,319	180,197

						Unrestricted
						funds	Restricted	Total
					Note	Designated	funds	fundsf
Fundraising trading costs;
Cost ofgoods sold						10,030		10,030
Shop overheads						3,789		3,789
Digby Memorial	Church	Hall				9,440		9,440
Festival - event expenditure			and	grants		17,154		17,154
Music Conunittee						75		75
Marketing and publicity								2
Total for 2021						40,488	2	40,490
Total for 2020						63,534	4	63,538
7 Expenditure	on charitable			activities
					Unrestricted	funds	Restricted	Total
					Designated	General f	funds	funds
The Ministry					6,268	220,068		226,336
Worship						29,107	14,680	43,787
Faith in Action Committee			- grants
paid					56,837			56,837
Church in the Community					3,475	1,370		4,845
Digby Memorial	Church	Hali				1,424		1,424
Fabric					11,249	41,237	12,419	64,905
Management and	Administration				1,825	35,792	2,964	40,581
Flower arrangers							4,149	4,149
Other events						730		730
Staffcosts					7,468	88,369		95,837
Governance costs						4,290		4,290
Total for 2021					87,122	422,387	34,212	543,721
Total for 2020					85,154	414,150	25,306	524,610

				Unrestricted
				funds	Total
				General	funds
Allocated	support	costs		4,290	4,290
Total for	2021			4,290	4,290
Total for	2020			4,000	4,000
9 Net incoming/outgoing			resources
Net (outgoiug)/incoming			resources for the year include:
				2021	2020
Operating	leases - other assets			3,050	3,050
Audit fees				4,290	4,000

11 Staffcosts
The aggregate	payroll costs were as follows:
		2021	2020
		8	g
Staffcosts during the year were:
Wages and salaries		109,477	111,274
Social security	costs	1,447	1,863
Pension costs		1,701	1,334
		112,625	114,471

13 Tangible fixed assets
	Land and
	buildings	Total
		g
Cost
At 1 January 2021	1,328,988	1,328,988
Additions	170,000	170,000
At 31December 2021	1,498,988	1,498,988
Depreciation
At 31December 2021
Net book value
At 31 December 2021	1,498,988	1,498,988
At 31 December 2020	1,328,988	1,328,988

14 Fixed asset investments	14 Fixed asset investments
		2021	2020
Other investments		5,848, 151	5,179,774
Other investments
		Listed
		investments	Total
		f
Cost or Valuation
At 1 January 2021		5,179,774	5,179,774
Revaluation		668,377	668,377
At 31 December 2021		5,848, 151	5,848,151
18tet book value
At 31December 2021		5,848,151	5,848,151
At 31 December 2020		5,179,774	5,179,774
15 Stock
		2021	2020
Stocks		12,700	15,424
16 Debtors
		2021	2020
Other debtors		28,813	188,772
17 Cash and cash equivalents
		2021f	2020f
Cash on hand		1,050	1,344
Cash at bank		462,136	465,693
Short-term deposits		136,062	135,972
		599,248	603,009
18 Creditors: amounts	falling due within one year
		2021	2020
Other creditors		7,941	2,180
Accroals		4,000	4,000
		11,941	6,180

Operating	lease commitments	lease commitments
Total future	minimum	lease payments	under non-cancellable	operating	leases are as follows:
					2021	2020f
Land and	buildings
Within one	year				3,050	3,050
Between one and five		yeats			5,338	8,388
					8&388	l1,438

20 Funds
							Balance at
		Balance at				t)ther	31
		IJanuary	Incoming	Resources		recognised	December
		2021	resources	expended	Transfers	gains/(losses)	2021
		8		t
Unrestricted funds
General
Parish Central Funds		3,442,885	403,429	(422,387)	2,888	306,828	3,733,643
Deslgnaled
StPaul's Church		108,895	67,236	(30,180)	(25,772)		120,179
Digby Memorial Church
Hall		11,517	31,869	(20,234)			23,152
Sherborne Abbey	Shop	28,704	29,967	(19,813)	(5,000)		33,858
Sherborne Festival		126,603	23,894	(17,154)	(10,500)		122,843
FIAC		20,818	7,761	(56,942)	40,100		11,737
Music Fund		3,485	642	(75)	(500)		3,552
		300,022	161,369	(144,398)	(1,672)		315,321
Total unrestricted	funds	3,742,907	564,798	(566,785)	1,216	306,828	4,048,964
Restricted funds
Castleton Church		366,669	18,388	(16,363)	(3,000)	46,596	412,290
Abbey Choir Fund		15,445	5,656	(11,876)	5,700		14,925
Abbey Floral Fund		2,079	4,096	(4,149)			2,026
Sherbome Abbey
Belhingers		1,691	1,940	(1,826)			1,805
Central Fund		8,242	3,916	-	(3,916)		8,242
Total restricted funds		394,126	33,996	(34,214)	(1,216)	46,596	439,288
Endowment funds
Perraanenl
Endowment Fund		3,172,754	314,953				3,487,707
Total funds		7,309,787	913,747	(600,999)		353,424	7,975,959

20 Funds (cont	inue	d)
								Balance at
			Balance at				Other	31
			IJanuary	Incoming	Resources		recognised	December
			2020	resources	expended	Transfers	gains/(losses)	2020
						8
Unrestricted funds
Generat
Parish Central	Funds		3,601,516	584,049	(414,150)	(22,018)	(306,512)	3,442,885
Designated
StPaul's Church			99,825	58,647	(27,149)	(22,428)		108,895
Digby Memorial		Church
Hall			19,717	15,035	(23,235)			11.517
Sherbotne Abbey		Shop	31,349	12,405	(15,050)			28,704
Sherborne Festival			157,602	15,181	(41,180)	(5,000)		126,603
FIAC			15,772	13,051	(58,005)	50,000		20,818
Music Fund			4,985	513	(513)	(1,500)		3,485
			329,250	114,832	(165,132)	21,072		300,022
Total unrestricted		funds	3,930,766	698,881	(579,282)	(946)	(306,512)	3,742,907
Restricted
Castleton Church			333,443	29,334	(14,066)	(3,000)	20,958	366,669
Abbey Choir	Fund		15,125	1,593	(8,273)	7,000		15,445
Abbey Floral	Fund		2,341	814	(1,076)			2,079
Sherborne Abbey
Beliringers			2,906	680	(1,895)			1,691
Central Fund			8,242	3,054	-	(3,054)		8,242
Total restricted	funds		362,057	35,475	(25,310)	946	20,958	394,126
Endowment funds
Permanent
Endowment Fund			3,029,562	143,192				3,172,754
Total funds			7,322,385	877,548	~604,592		~285,554)	7,309,787

21 Anal	ysis ofnet assets betw	een funds
							Total funds
						Endowment	at 31
		Unrestricted	funds	Restricted		funds	December
		General f	Designated f	funds		Permanent	2021
Tangible	fixed assets	551,708				947,280	1,498,988
Fixed asset investments		2,935,405		372,319		2,540,427	5,848,151
Current Current	assets liabilities	257,662 (9,529)	316,006 (2,288)	67,093 (124)			640,761 ~((3,941
Total net assets		3,735,246	313,718	439,288		3,487,707	7,975,959
							Total funds
						Endowment	at31
		Unrestricted	funds	Restricted		funds	December
		General	Designated	funds		Permanent	2020
Tangible	fixed assets	381,708				947,280	1,328,988
Fixed asset investraents		2,628,577		325,723		2,225,474	5,179,774
Current	assets	436,600	302,202	68,403			807,205
Current	liabilities	(4,000)	(2,180)				(6,180)
Total net assets		3,442,885	300,022	394,126		3,172,754	7,309,787
22 Analysis ofnet funds
							At 31
			At 1	January	Financing cash		December
				2021		flows	2021
						8
Cash at	bank and in hand			603,009		(3,761)	599,248
Net funds				603,009		(3,761)	599,248
							At 31
			At 1	January	Financing cash		December
				2020		ilows	2020
						8
Cash at	bank and in hand			656,462		(53,453)	603,009
Net funds				656,462	~(53453		603,009