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





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





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|||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
|||funds|funds|funds|2022|2021|
||Note||8||8|8|
|Income and Endowments|from;||||||
|Donations<br>and legacies|2|819,745|14,600||834,345|379,047|
|Charitable<br>activities|3|40,074|24,948||65,022|34,507|
|Other trading<br>activities|4|117,897|411||118,308|70,232|
|Investment<br>income|5|203,733|10,141||213,874|190,250|
|Total income||1,181,449|50,100||1,231,549|674,036|
|Expenditure<br>on:|||||||
|Raising funds|6|(174,354)|||(174,354)|(57,276)|
|Charitable<br>activities|9|~0032942|(44,074)||(1,077,016)|(618,965)|
|Total expenditure||(1,207,296)|(44,074)||(1,251,370)|(676,241)|
|Gains/(losses)<br>on|||||||
|investment<br>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<br>between|||||||
|funds|18|(2,730)|2,730||||
|Net movement<br>in funds||(252,980)|(30,653)|(296,041)|(579,674)|666,172|
|Reconciliation offunds|||||||
|Total funds<br>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|





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|||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<br>to cash tlows from non-cash||items||||
|Investment<br>income|||5|(213,874)|(190,250)|
|Revaluation<br>ofinvestments||||559,853|(668,377)|
|||||(233,695)|(192,455)|
|Worldng<br>capital adjustments||||||
|(Increase)/decrease<br>in stocks|||12|(1,696)|2,724|
|(Increase)/decrease<br>in debtors|||13|(53,986)|159,959|
|Increase in creditors|||15|65,633|5,761|
|Net cash flows &om operating<br>activities||||(223,744)|(24,011)|
|Cash flows from investing<br>activities||||||
|Interest receivable<br>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<br>at|I January|||599,248|603,009|
|Cash and cash equivalents<br>at|31December|||589,378|599,248|





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|2<br>Income from donations<br>|and lega|cies||||
|---|---|---|---|---|---|
|||Unrestricted|funds|Restricted|Total|
|||Designated|General|funds|2022|
|||8|8|f.||
|Donations<br>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<br>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|





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|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<br>grants||||||3,280||3,280|
|||||||70,162|70|70,232|





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|5<br>Investment<br>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|





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## 

|6<br>Expenditure|on rais|ing|funds|||
|---|---|---|---|---|---|
|||||Unrestricted||
|||||funds|Total|
|||||Designated|2022|
|Fundraising<br>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<br>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|





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|7<br>Expendit|ure<br>on ch|aritable<br>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<br>-|grants||||||
|paKl|||38,966|||38,966|
|Church<br>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<br>-|grants||||||
|paid|||56,837|||56,837|
|Church<br>in the|||||||
|Community|||3,475|1,370||4,845|
|Digby Memorial|||||||
|Church<br>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|





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|9<br>Staff costs<br>The aggregate<br>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<br>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<br>1 January 2022<br>Revaluation|5,848,151<br>~559.II53)|5,848,151<br> ~(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|





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||||2022|2021|
|---|---|---|---|---|
|Cash on hand|||1,116|1,050|
|Cash at bank|||501,924|462,136|
|Short-term<br>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<br>lease payments<br>under non-cancel|lable<br>operating<br>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|



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|18 Funds||||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at||||Other|31|
|||1Januaty|Incoming|Resources||recognised|December|
|||2022|resources|expended|Transfers|gains/(losses)|2022|
|Unrestricted<br>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<br>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<br>Music Fund||11,737<br>3,552|9,537<br>2,290|(39,150)<br>(768)|53,569<br>~(1,500||35,693<br>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<br>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<br>Central Fund||1,805<br>8,242|5,603|(4,756)|~(8,242||2,652|
|Total restricted<br>funds||439,288|50,100|(44,074)|(5,512)|(39,409)|400,393|
|Endowment<br>funds||||||||
|Permaaeat||||||||
|Endowment<br>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|





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## 

||||||||Balance at|
|---|---|---|---|---|---|---|---|
|||Balance at||||Other|31|
|||1January|Incoming|Resources||recognised|December|
|||2021|resources|expended|Transfers|gains/(losses)|2021|
|Unrestricted<br>funds||||||||
|General||||||||
|Parish Central<br>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<br>Abbey|Shop|28,704|29,967|(19,813)|(5,000)||33,858|
|Sherborne<br>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<br>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<br>Abbey||||||||
|Bellringers<br>Central Fund||1,691<br>8,242|1,940<br>3,916|(1,826)<br>-|~3,916)||1,805<br>8,242|
|Total restdcted<br>funds||394,126|33,996|(34,214)|(1,216)|46,596|439,288|
|Endowment<br>fuuds||||||||
|Pennanen/||||||||
|Endowment<br>Fund||3,172,754||||314,953|3,487,707|
|Total funds||7,309,787|674,036|(676,241)||668,377|7,975,959|





## 

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## 

|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<br>Current liabilities|318,535<br>(66,356)|296,432<br>(7,095)|71,606<br>~4, )23)||686,573<br>(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<br>assets<br>Current<br>liabilities|257,662<br>49,329)|316,006<br> ~2,288)|67,093<br>(124)||640,761<br>~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|