2022-12-31-accounts

Trustees' Report		I to 39
Independent Auditors'	Report	40 to 43
Statement ofFinancial	Activities	44
Balance Sheet		45
Cash Flow Statement		46
Notes to the Financial	Statements	47to 62

Donations International
Church Mission Society	for Helen Kisalrye Mission Partner		5,000
Juba Diocesan Model Secondary School, South Sudan			2,000
Latvia StSaviour's Church, Riga (&l,500allocated see text)
Leprosy Mission			500
Salisbury Diocese - Sudan General		Fund	1,000
Salisbury Diocese - Bishop Allison		Training College, South Sudan	1,100
Sudan Medical Link (Nurse training for Covid)			1,200
TOTAL			10,8IIO
Donations National			f.
Bible Society			300
Children's Society			250
Church Homeless Trust			250
Farming Community Network			1,000
Family Counselling Trust			1,000
TOTAL			25000
Donations Local
Christians Against Poverty			1,100
Dorset Historic Churches	Trust		500
Future Roots (including	Lent appeal 62,950)		2,200
RendezVous Sherbome			2,200
SAYCC (Tinneys Youth	Centre)		2,600
SAST Sherbome Primary School extra accommodation			2,000
Sherborne Area Refugee	Support		1,208
Sherborne Community Land Trust			500
Sherborne Parish Shop -	books for	Abbey School leavers	119
Wetdmar Hospice			900
Yeovil Street Pastors			300
TOTAL			13,627

		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	funds	2022	2021
	Note		8		8	8
Income and Endowments	from;
Donations and legacies	2	819,745	14,600		834,345	379,047
Charitable activities	3	40,074	24,948		65,022	34,507
Other trading activities	4	117,897	411		118,308	70,232
Investment income	5	203,733	10,141		213,874	190,250
Total income		1,181,449	50,100		1,231,549	674,036
Expenditure on:
Raising funds	6	(174,354)			(174,354)	(57,276)
Charitable activities	9	~0032942	(44,074)		(1,077,016)	(618,965)
Total expenditure		(1,207,296)	(44,074)		(1,251,370)	(676,241)
Gains/(losses) on
investment assets		(224,403)	(39,409)	(296,041)	(559,853)	668,377
Net (expenditure)/income		(250,250)	(33,383)	(296,041)	(579,674)	666,172
Net transfers between
funds	18	(2,730)	2,730
Net movement in funds		(252,980)	(30,653)	(296,041)	(579,674)	666,172
Reconciliation offunds
Total funds brought
forward		4,048,964	439,288	3,487,707	7,975,959	7,309,787
Total funds carried
forward	18	3,795,984	408,635	3,191,666	7,396,285	7,975,959

		Balanc	e Sheet as at3	1December 20	22
					2022	2021
				Note
Fixed assets
Tangible assets				10	1,498,988	1,498,988
Investments				11	5,288,298	5,848,151
					6,787,286	7,347,139
Current assets
Stocks				12	14,396	12,700
Debtors				13	82,799	28,813
Cash at bank	and in hand			14	589,378	599,248
					686,573	640,761
Creditors: Amounts		falliug due within	one year	15	(77,574)	(11,941)
Net current	assets				608,999	628,820
Net assets					7,396,285	7,975,959
Funds ofthe	charity:
Endowment	funds			18	3,191,666	3,487,707
Restricted income funds
Restricted funds				18	400,393	439,288
Unrestricted	income	funds
Unrestricted	funds			18	3,804,226	4,048,964
Total funds				i8	7,396,285	7,975,959

				2022	2021
			Note
Cash tlows from operating	activities
Net cash (expenditure)/income				(579,674)	666,172
Adjustmeats to cash tlows from non-cash		items
Investment income			5	(213,874)	(190,250)
Revaluation ofinvestments				559,853	(668,377)
				(233,695)	(192,455)
Worldng capital adjustments
(Increase)/decrease in stocks			12	(1,696)	2,724
(Increase)/decrease in debtors			13	(53,986)	159,959
Increase in creditors			15	65,633	5,761
Net cash flows &om operating activities				(223,744)	(24,011)
Cash flows from investing activities
Interest receivable and similar income			5	213,874	190,250
Purchase oftangible fixed assets			10		(170,000)
Net cash flows fiom investing	activities			213,874	20,250
Net decrease in cash and cash	equivalents			(9,870)	(3,761)
Cash and cash equivalents at	I January			599,248	603,009
Cash and cash equivalents at	31December			589,378	599,248

2 Income from donations	and lega	cies
		Unrestricted	funds	Restricted	Total
		Designated	General	funds	2022
		8	8	f.
Donations and legacies;
Parish giving		54,390	94,291		148,681
Church collecting		1,094	91,269	8,089	100,452
Donations to appeals		9,537	30,078	393	40,008
Legacies				(375)	(375)
Festival sponsorship		20,033			20,033
Gift aid reclaimed		12,772	31,224		43,996
Other income fiom donations	and
legacies		1,315	473,742	6,493	481,550
		99,141	720,604	14,600	834,345
		Unrestricted	funds	Restricted	Total
		Designated	General	funds	2021
					8
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 from donations	and
legacies		10,974	75,242	541	86,757
		88,625	281,355	9,067	379,047

3	Income from	clta	ritable	activities
					Unrestricted	funds	Restricted	Total
					Designated	General	funds	2022
	Fees for weddings,		funerals	and
	related income					32,327	24,948	57,275
	StPaul's Community		Project		7,747			7,747
					7,747	32,327	24,948	65,022
					Unrestricted	funds	Restricted	Total
					Designated	Geaeral	funds	2021
	Fees for weddings,		funerals	and
	related income					16,567	11,487	28,054
	StPaul's Community		Project		2,148			2,148
	HMG grants					4,055		4,055
	Other events				250			250
					2,398	20,622	11,487	34,507
4	Income from	other trading activities
						Unrestricted
						funds	Restricted	Total
						Designated	funds	2022
Trading income;
	Sales ofgoods	and services				26,355	411	26,766
Events income;
	Other events income					60,766		60,766
Digby Memorial		Church Hall				28,486		28,486
Concerts						2,290		2,290
						117,897	411	118,308
						Unrestricted
						funds	Restricted	Total
						Designated	funds	2021
								8
Trading income;
	Sales ofgoods	and services				28,766	70	28,836
Events income;
	Other events income					7,695		7,695
Digby Memorial		Church Hall				29,779		29,779
Concerts						642		642
Government grants						3,280		3,280
						70,162	70	70,232

5 Investment inc	o	me
			Unrestricted	funds	Restricted	Total
			Designated	General	funds	2022
Interest receivable	and similar
income;
Interest receivable		on bank
deposits			1,434		95	1,529
Other income from		fixed asset
investments				193,874	10,046	203,920
Income from rents				8,425		8,425
			1,434	202,299	10,141	213,874
			Unrestricted	funds	Restricted	Total
			Designated	General	funds	2021
Interest receivable	and similar
income;
Interest receivable		on bank
deposits			184		3,920	4,104
Other income from		fixed asset
investments				176,694	9,452	186,146
			184	176,694	13,372	190,250

6 Expenditure	on rais	ing	funds
				Unrestricted
				funds	Total
				Designated	2022
Fundraising trading costs;
Cost ofgoods sold				15,675	15,675
Shop overheads				4,478	4,478
Digby Mentorial	Church	Hall		21,997	21,997
Festival - event expenditure			and grants	117,901	117,901
Music Committee				768	768
Staff costs				13,535	13,535
				174,354	174,354
				Unrestricted
				funds	Total
				Designated	2021
					K
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 Committee				75	75
Staff costs				16,788	16,788
				57,276	57,276

7 Expendit	ure on ch	aritable activ	ities
			Unrestricted	funds	Restricted	Total
			Designated	General	funds	2022
		Note
The Ministry			2,901	252,209		255,110
Worship				29,848	20,943	50,791
Faith in Action
Connnittee -	grants
paKl			38,966			38,966
Church in the
Conununity			5,534	734		6,268
Fabric			12,075	511,371	16,889	540,335
Management	and
Administration			449	45,036	2,833	48,318
Flower arrangers					3,409	3,409
Other events				1,634		1,634
Staff costs			8,564	108,578		117,142
Governance	costs			15,043		15,043
			68,489	964,453	44,074	1,077,016
			Unrestricted	funds	Restricted	Total
			Designated	General	funds	2021
		Note	g
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 Hatt				1,424		1,424
Fabric			11,249	116,479	12,419	140,147
Management	and
Administration			1,825	35,792	2,966	40,583
Flower arrangers					4,149	4,149
Other events				730		730
Staffcosts			7,468	88,369		95,837
Governance	costs			4,290		4,290
			87,122	497,629	34,214	618,965

9 Staff costs The aggregate payroll costs were as follows:
	2022	2021
Staffcosts during the year were:
Wages and salaries	126,364	109,477
Social security costs	2,551	1,447
Pension costs	1,762	1,701
	130,677	112,625

2022	2021
No	No

Worship
Management	and	adtninistration

10 Tangible fixed assets
	Land and
	buildings	Total
Cost
At 1 January 2022	1,498,988	1,498,988
At 31 December 2022	1,498,988	1,498,988
Depreciation
At 31December 2022
Net book value
At 31December 2022	1,498,988	1,498,988
At 31December 2021	1,498,988	1,498,988
11 Fixed asset investments
Other investments
	Listed
	investmeuts	Total
Cost or Valuation
At 1 January 2022 Revaluation	5,848,151 ~559.II53)	5,848,151 ~(559,853
At 31December 2022	5,288,298	5,288,298
Net book value
At 31December 2022	5,288,298	5,288,298
At 31December 2021	5,848,151	5,848,151
12 Stock
	2022	2021
	g
Stocks	14,396	12,700
13 Debtors
	2022	2021
		g
Other debtors	82,799	28,813

			2022	2021
Cash on hand			1,116	1,050
Cash at bank			501,924	462,136
Short-term deposits			86,338	136,062
			589,378	599,248
15 Creditors: amounts	falling due within	one year
			2022	2021
Other creditors			69,574	7,941
Accruals			8,000	4,000
			77,574	11,941

Total future minimum lease payments under non-cancel	lable operating leases are as follows:
	2022	2021
Land and buildings
Within one year	3,050	3,050
Between one and five years	2,288	5,338
	5,338	8,388

18 Funds
							Balance at
		Balance at				Other	31
		1Januaty	Incoming	Resources		recognised	December
		2022	resources	expended	Transfers	gains/(losses)	2022
Unrestricted funds
General
Parish Central Funds		3,733,643	955,230	(964,453)	14,872	(224,403)	3,514,889
Designated
St Paul's Church		120,179	77,151	(29,339)	(45,929)		122,062
Digby Memorial	Church
Hall		23,152	28,616	(29,214)			22,554
Sherborne Abbey	Shop	33,858	26,375	(26,471)	(5,000)		28,762
Sherborne Festival		122,843	82,250	(117,901)	(10,500)		76,692
FIAC Music Fund		11,737 3,552	9,537 2,290	(39,150) (768)	53,569 ~(1,500		35,693 3,574
		315,321	226,219	(242,843)	(9,360)		289,337
Total unrestricted	funds	4,048,964	1,181,449	(1,207,296)	5,512	(224,403)	3,804,226
Restricted funds
Castleton Church		412,290	28,179	(18,914)	(4,220)	(39,409)	377,926
Abbey Choir Fund		14,925	13,108	(16,995)	6,950		17,988
Abbey Floral Fund		2,026	3,210	(3,409)			1,827
Sherborne Abbey
Bellringers Central Fund		1,805 8,242	5,603	(4,756)	~(8,242		2,652
Total restricted funds		439,288	50,100	(44,074)	(5,512)	(39,409)	400,393
Endowment funds
Permaaeat
Endowment Fund		3,487,707				(296,041)	3,191,666
Total funds		7,975,959	1,231,549	(1,251,370)		(559,853)	7,396,285

							Balance at
		Balance at				Other	31
		1January	Incoming	Resources		recognised	December
		2021	resources	expended	Transfers	gains/(losses)	2021
Unrestricted funds
General
Parish Central Funds		3,442,885	478,671	(497,629)	2,888	306,828	3,733,643
Designated
St Paul'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	640,040	(642,027)	1,216	306,828	4,048,964
Restricted
Castleton Church		366,669	18,388	(16,363)	(3,000)	46,596	412,290
Abbey Chair Fund		15,445	5,656	(11,876)	5,700		14,925
Abbey Floral Fund		2,079	4,096	(4,149)			2,026
Sherborne Abbey
Bellringers Central Fund		1,691 8,242	1,940 3,916	(1,826) -	~3,916)		1,805 8,242
Total restdcted funds		394,126	33,996	(34,214)	(1,216)	46,596	439,288
Endowment fuuds
Pennanen/
Endowment Fund		3,172,754				314,953	3,487,707
Total funds		7,309,787	674,036	(676,241)		668,377	7,975,959

19 Analysis ofnet assets between	funds
					Total funds
				Endowment	at31
	Unrestricted	funds	Restricted	funds	December
	General	Designated	fuuds	Permanent	2022
Tangible fixed assets	551,708			947,280	1,498,988
Fixed asset investments	2,711,002		332,910	2,244,386	5 288,298
Cun ent assets Current liabilities	318,535 (66,356)	296,432 (7,095)	71,606 ~4, )23)		686,573 (77,574)
Total net assets	3,514,889	289,337	400,393	3,191,666	7,396,285
					Total funds
				Endowment	at 31
	Unrestricted	funds	Restricted	funds	December
	General	Designated	funds	Permanent	2021
		8	8
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 assets Current liabilities	257,662 49,329)	316,006 ~2,288)	67,093 (124)		640,761 ~11,941]
Total net assets	3,735,246	313,718	439,288	3,487,707	7,975,959

20 Analysis ofnet funds
				At 31
	At 1January	Financing	cash	December
	2022	flows		2022
		8
Cash at bank and in hand	599,248	(9,870)		589,378
Net funds	599,248	(9,870)		589,378
				At 31
	At 1January	Financing	cash	December
	2021	flows		2021
Cash at bank and in hand	603,009	(3,761)		599,248
Net funds	603,009	(3,761)		599,248