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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|||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|
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|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|
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|||||||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|
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|||||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|
##
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|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|
##
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|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|
##
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|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|
##
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|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|
##
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|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|