PARISH Annuolf¢port eYf1nanL￿(StQternertts ,f tfie arocthalcfiurcA Councrfrftfie ctesiastwalPaTisfi ofswindon Town for tfieyear ernld31 Decem6er 2021 ar&sA fvt.. fr fo6y Soutte ants.. Santader rilte Tra otte £30 4yy 25Trws gldtAvenue q41&rf 4Q4 Idepedent £taminer.' S g ￿T￿eT CfiarterdAccountants 3842 S￿eWport Street sw1ndons￿l 3Q S, A￿￿erM,5 CfiurcA Centre geware Stoa Swtsrfons￿l I e5￿ter￿Charity ￿0." 1131070 PARISH Churches of the Parish S. Mark's Church, Church Place, Swindon SNI SEH S. Saviour's Church, Ashford Road, Swindon SNI 3NS S. Luke's Church, Broad Strect, SwÈndon SN12DS S. Aldhelm's Chapel, Edgeware Road, Swindon SN I I QS Trustees of the Chari The members of the Parochial Church Council ("PCC") aiE the charity trustees. They are either ex officio or elected by the Annual Paro¢hial Church Meeting in accordance witli tlie Church Representation Rules. During the year the following s¢rv¢d as meinbers of die PCC.. Paiisli Priest.. Fr Toby Boutle Ichairnian) Mr Alasdair Skeil Mr Alastair Sieele-Davis (Lay vicerychair) Mr Juliii Bisliop Mr John Bishop Mrs Carole Grc¢n Chiireliwdi'deiis.. Uiilil 27 m￿)> 2021 S, Mark's S. Saviour's S. Luke's FF'Oin 27 Mu)1 202J Uiilil 27 Muy 2021 Fi'oin 27 May 202J Deputy Wardeii.. S. Mark's Menibers oftlie Diocesan Synod To r¢iir¢ 2026 Mr Alasdaii. Skeil Mr.% 14¢lci) Walt Dr Jill Huby Meiiibers ofihe Deahery Syiiod To retire 2023 Mr Jol)i) Bishop {Parish Treasurer) Mr.$ Carole Gr¢¢n Mi% LyLin Trigg S. Jvlark's S. Imark's S. Mark's S. Luke's S. Mark's S. Luke's Elecicd iiiciiibers.. Du¢ lo rclirc 2022 Mrs Linda Mccntee M.1 Mary Gladman Mi. David Stepheiison Mrs SarnlJ E.IoiMs¢y S. S8viour's S. Luke's S. Lllke's S. Mark's Fioin 27Muy 202J Due to retire 2023 Mi. Mark F.dwards Mrs Anne DuttOII Mr Michael J¢ll s Christine McKinlay S. Mark's S. Mark's S. Saviour's S. Luke's Due to retii'e 2024 rs Pal Mortimer Mrs Caroline Till¢r Mrs Vicki Pepper Mrs Suc Carvell Mrs Christine Cox S. Mark's S. Saviour's S. Saviour's S. Luke's S. Luke's FroiK 27 Mc7y 2021 Co-opted Members.. Mrs Pat Gordon (Parish Safeguarding Officer) Fr David Woodhouse S. Saviour's Fi'om IS Nov 2021 PARISH AIMS AND PURPOSES The PCC is responsiblc for co-operating with the p￿lsh priest, Fr Toby Boutle. in promoting th¢ Clristian faith and the wl)ole miiiistry of tl)c Cliurch. pastoral, evaii8elistie, social ￿]d ccum¢nical in the ecclesiastieal parisli of Swindot) New Town. It also has responsibility for tl)e maintenance of the church buildings and halls at S. Mark'4 S. Saviour's. S. Luke's and S. Aldhelm's. OBJECTIVES AND ACTIVITIES The PCC is commilled lo enabling a5 maiiy people as possible lo worship at the churches of the parish and tD become part of our parish commuiiity. The PCC mai21tains an overview of worship. The Mass is the source and summit of the ChurclJ's life. Mass is celebrated daily and with music and soleinnity on Sundays and other significant day5 in the liturgical calei)dar. lil planniiig our a¢tivilic%. d)e PCC has considered th¢ Charity Coinmission's 8uidaiice on public bcncfit and, in particular, the supplemei)tary g?uidance on charitics for the advancement of religion. We ty to enable peopl¢ to live oul their faith ￿ part of our parisl) commiinily Ihrou8h.. Worship, prayer and ihe adiministration of the gacrameiits,. learning about the Gospel. developing their knowledgFe of and tnjst in Jesus: Tli¢ provision of pasroral care for people living in the parish. Mission aiid outreach work lo the wider community, ii)cludiiig through working in pariiiership with other organisations, such as the Swindon Food Coll¢¢tive: and Op¢nitin8 Ili¥ Rainbow Bookshop At S. Aldl)clm'$ in th¢ town c¢ntr¢, as an ecumcnical Christian resource for the whole comii)unity. ACHIEVEMENTS AND PERFORMANCE The Covid-19 pund¢mic continued to have an impact on all aspects of parish life during 2021. We were able, however. to maintain Sunday and daily wors1)ip Ihrouglioul the ycar. This was po.%.%ibl¢ evcn during Ihc third national lockdowii Iwliich ran from January io Marcl) 2021). for tl)8t period we hcld a joint Suiiday Mass for the wliolc parish at S. Mark's. Wc ¢oniiiiued lo support those worshipping at home, ii)cludiiig tlirou£h'. livcslr¢aming the Sui)day Mass and midweek worshipy providing printed and onlinc nialerial for people praying at home. and, foi. Ihe period.s when the re%￿ICtiOtl4 preveilted the Sundlly Sehool at S. Saviour's from operating, providing resour¢¢s and aLtivilies for children lo use at Iiom¢. Risks assegsments were underlaken peiiodieally and appropriate m¢asur¢s pul in placE to allow p¢oplc lo worship iii safcty und with confidence. At S. Luke's for the Triduum and for the Mass of tlie Night at Clll'islmas a booking system was put in place to mana8¢ nuiiibcrs. We w¢re able this ye8r to keep tlie Triduum, which was celebrated at S. Mark's and S. Luke's, with a children's litUl'8y and ci'atl activit1£5 piY)vided foi. young people ai S. Saviour's. The Bi¥hvp uf Ebbsfleet ¢oine to S. Mark's in April 2021 to baplize and confimi candidates. At the I'equest of members of the Goan ronimunily, we a150 began a regular Vigil Mass with r¢adings 2nd praycrs in Konkani at S. Luke's. From Lent 2021. the daily offi¢¢ l)as also been Sold publicly ii) th¢ pgrish. froin September 2021, witli our harvest celebrations, we 81'e able to invite back the unifornicd organizations to S. Saviour'5 for thcir Parade Ma55es. Sustaining our pattern of Sunday woi'ship is possible only with the assistance of i'etired and other clcrgy. th¢ PCC 15 particularly grat¢fvl lo Fr David Woodliousc ajid fr Jolm Railton for their 8UPPOrt over 2021. 111 2021. the following were recorded in the parish r¢gist¢rs'. ,'TDkxl'Aets Of Llectorai,,; '. Baptlsnis *!tieJJdllri¢¢': Adult.Voiith S. Nlark's 3,144 58 38 S. Saviour's 1,751 81 26 S. Luke's 1,997 77 30 Tolal 6.892 216 94 12 PARISH For thc first half of the year, music was significantly restricted, wit]) only cantQTS or choirs pcrniitted to sing- tlie government guidelines pennitted congregational singing from late July. All three cliurches saw developments in OUT music, witli the choir at S. Mark's experiencing significant growth under our newly appointed director of mugic, Katrine Reiiners. We have continued to ensure we teach the faith, even during the restiictions, with a weekly online bible study group meeting throughout the year. Our confimand9 a190 took part in online calechesis. W¢ have also sought to support the formulion of ordinands, wilb a student oil placement from Sorum College kuid with a deacoii, Fr Som Okonkwo, who had been ordained in Ilie Cliurch of Nigeria, on a long-tenn placement organized via the Diocese. All tliTCC congregations took part in surveys organized as part of the Healtliy Cliurches Initiative, an international programme which looks al eight indi¢ia of what constitutes a healthy church. The PCC hopes that that will assist with our process of ren¢wal and mission action plaI￿]ng. A communications group has been drawing up plan5 to improve 311 aspects of communications withiii the parish, with detailed plailliiiig for a new website and iiew sigi)age at (be tl)ree LliurGh¢s 4iid S. Aldlielin's. During the paiid¢mi¢, the PCC has sougl)t to manage the use of our halls in sueh a way as to give priority to those group4 8crving social needs locally, inelLLdinLt t])e l.larboui' Project ut S. Luk¢'8, sllPPOrt woups at S. Mark'5 and tl)¢ Swindoii food Collective at S. Aldl)elm's. The parish coiitinues to support the work of the Swindon Food Collectiv¢ by providing use of tl)e hall at S. Aldhelm's as a distributioii c¢ntre fr¢e of ¢harge. Additionally* memb¢r% of ihe ¢ongregations support Ilie Food Collective's woi'k as volunteers. Contt'ibutions of food are made regularly in each of our churches. foi. distribution by the Food Collectivc. It is the policy of the PCC thai ten per cent of plonned giving income, together witli any surplus from the Rainbow Bookshop, will b¢ allocated to missions in Jaiiuary of ihe following year. 2021 tlie lotal amoui)l allocated lo IIIi55ions from th¢ Stewardship Account was £5,400. We arc commillcd lo workingF ecumcnically with oil)w ¢liiirL'hLs and ¢ccl¢sial cominuiiilies. The pai'i.%li 1.8 a i))eiiib¢r f ChurL'I)¢5 Together in Swindon Ceiitre. The restrictions pr¢vcnt¢d our ccum¢rtic¥Jl Lcnt lunches from takin8 p12C¢ in 2021. We coiitinued to providc ecumenical hospitality to the Russian Ortliodox congregation ihat meet.% at S. Aldlielin's dnd the fritreai) Ortl)odox cominuiiity who Inect ai S. Luke's. The Rainbow Booksl)op is an important ¢cuinenical facilily provided by ilic parish lo tlie wliolc CliurclJ loeally. Tlic bookshop is not inl¢nd¢d to bc a profit- iiiuking reloil ente￿riS¢. bul raih¢r lo proinote the Clirislian r¢ligion, and a5 8 livii)L presence for our parish in rh¢ town centr¢. Tl)e financial activities reldtinbi to tlie Bookshop are detail¢d in tli¢ Fii)81)cial Revi¢w below. The Parish Offi¢¢, locatcd at the S. Aldlielm's Cciitrc aiid staffcd by Liiida M¢biilcc, our pai'ish udininisliator, ¢oi)tiniies lo provide a point of acce55 for mcmbers of ihe public to ilie parish. During the lockdowns, Linda wa4 able to coiilinu¢ working froin lioine. The officc hai)dl¢s much of ihe admiiJistralive work of the parish, iiicludiiig printing and distributing resources for praying in ¢l)urch and al liome, our weekly Messeiiger, and tl)e administralivc work associated with baptisms, wedding5 and funerals. The chapel at S. Aldh¢lm's provides 41 quiet place for prayei. in SwiTrdon town centr¢. The pai'ish reli¢s oil thc geiierosity with thLir time 2nd talents of many voluiiteus. Volunteers are centrol to th¢ lif¢ of our Lhurches iii countlcss ways, froin tl)e hall-l¢ttiiig operation, to the cleaning of t]ie cliurches, the maintcnan¢c of sacristig5 and the preparations ncedcd for worship in eaLh of our ¢hurches, choir singing and teacliing in our Sunday Schools. These contributions, often unsung or behind-¢he-sc¢nes. make arj enormous contribulion tu the life of the purish. John Bishop our Parish Treasurer expends vast houi's supporting the parish's activity. his dedicatiorj, and the knowledge dnd skills that he has accumulated DVU Inany years of Service, col￿tINte ali importaiit humaii resourc¢ for Ihe parish's work. In recogiiition of John's faith￿1 servi¢¢ of tl)¢ parish, including over fifty years on the PCC, and of his work for the wider Chur¢h, John was one of the recipients of th¢ Royal Maundy in 2021. Sue Carvell has continued lo serve as PCC secretary. The PCC thanks them btjth for rlieir ¢onimitment and service. The PCC continues to ensure that our church buildings are ¢ar¢d for and maintsined. drawing on the quinqu¢nnial r¢ports and the guidance of our inspecting ar¢hitecL Calvin Weaver. The full PCC met on six occasions during t]ie year. Due to the pandcinic, it was ncccssary to conduct soin¢ of the PCC discussions via Zoom video confeT¢ncing. with business tra115acled by correspondence. FINANCIAL REVIEW In our St¢ward51)ip Fund, planned giving increased during the year by 2.3 /0 ￿mpared with the preiTiOUS year. this was very encouraging considering lh¢ restrictions. The Income Tax r¢fund increased by nearly 10.6D/o. The plate PARISH collections showed an increase of 74.35&/0. The policy of giving ten per cent of Planned Giving to mission and charitable causes outside the parish continued. At the close of the year. the Stewardship Account recorded a deficit of £19.422.07. This d¢ficil was met from tbe General Purpose Fund. Income from th¢ halls of tiie thr¢¢ churches showed an increase from 2020 of 60Q/o to £36,085.35. All churcl) and hall expenses have been kept as low as practicable and savings have been made wh¢r¢ver possible. Our paynient of Parish Sliare to tlie Dioeese of Bristol increased by 20/0 iii 2021 to £89,380.20. Repair costs for eaoh of ¢he churches ¢oiilinu¢d lo increase this year. The Church of England operate& a Parish Buying scheme, whi¢h the PCC has signed p to and all gas and ¢le¢tricily supplies in the Parish ar¢ i)ow part of the s¢lieine. This l)as led to Significant savings in Ihc unit pricc. The Revenue part of the Unrestricted G¢n¢ral Purpo￿ Fund in¢r¢ased ils balance from £1,954.73 to £6,391.42 during the year. During the past year, as iiid¢¢d is the casc cvery year, the PCC has cxercised an active stewardship of parish propcrties. The officers have spent consid¢rabl¢ liin¢ considering botli rq)airs and iinprov¢m¢nls. The General Pury)oses Aind, wliich holds tl)e income fi'oni iyntals and other income, is ofien called upon to fuiid Iliis kind of work. Bamkiiig.. -I'he Parisli banks principally with CAF Bunk (Charities Aid Foundation Bank) which allows us lo ¢onfomi with best practice for charities {in¢luding dual signaiories for on-line Iraiisaciionl. By the close of the year. no transactioi)s reniained with HSBC, but a sinall niimber of incoming Siaiiding oi'derslbank Iraiisfers remaincd with Saniandei. The total bank chargcs incuiTed in 2021 weir £167, Tliese are due to cl)8rges by CAF Baiik of £8 pcm and a new cl)arge on wi'lting cheques and o ¢hai'8e from SanLinder for ti'an3fcrs to our ovei'seas missions. GIftAId.. 'niis is ai) importai)t source of ii)come for the PCC. The claiin in 2021. based on the 2020-21 tax year, showed ai) iiicrcasc of approximatcly £803.48 froin tlic previous y¢ar. 'ri)¢ PCC rcccived a total of £11,350.17 from the main Gift Aid sch¢m¢ Jnd a furtlier £1,044.10 1l)rougli the Gift Aid Sinall Donalioiis Schenie. Properiles." 121 Vicloi'ia Road.. Fircslorni Games commenced their 10-y¢ar Lease in Jattuar 2019 with an arn)ual rent of £25,000. The PCC receives 113, of the ii)coine aiid is respunsiblc for ihc payment of113 of aiiy Bddilional expenses incurred. 6 Glosvenoi. Road.. This propcrty was boiigl)t with ihe proceeds of the sale of Tl)c Old School and tlie Tin Hul, Maxwell Sireet, which Lan only be us¢d for th¢ purcha5c of inveslinent prop¢rty. This property is currenily being let at a rental income of £975 pcm le$$ I1.5V/o commission. Domiliiig Sireei Hall- W¢J's¢x Squash Club.. The rent for the lease is £6,200 pa. During th¢ y¢ar. th¢ d¢f¢rral of rfflit graiited iii 2020 was repoid-. S. Sovioiii-'.¥ Chureli LfJiid Chai-ity,. Th¢ ¢ar park which has been conslructed al the rear of 94 Kent Road is providing a great benefit to the useis of both S. Savioui s Chuieh and H211. The IIou5e Is CLirrenily let on the I'¢nlal mai'ket and provides income for Parish Funds of £985 pcm less 11.5 /0 comiy)ission. S. Lilke s Vicai-og¢.. The financing of this prop¢ty, 3 Briar Fields, which is iiow being r¢iit¢d. is currently Walter TimbrL.11 B¢que%l (36.4 /0), endowmeni {28.44Q/o) aijd PCC funds135.160/y). As with K¢nl Road, Ihc Diocesan Board of Finance IDBf) is the custodian trustee of the property and liold.4 the propcty on bchalf of tlie PCC. the managing trustees of the property- Tlie Raiiibow BooXslEop Th¢ Bookshop ¢mploys four members of staff.. Pat Mortimer, the manager, Frances Strange, the assistant manager. as well a5 Alex SI￿lkI1 aiJd Eileen Marlin. We are grateful for their work and for their flexibility in coping with die restrictioiis during the year. The Bookshop is usually also run with th¢ assistan¢¢ of volunteers, bul because of the social distancing requireinents. they have not been able to help at the shop for most of th¢ year. Th¢ bookshop was closed due to tlie restrictions from January to MaTch iDrl. Ev¢n outside th¢s¢ periods of lockdown, it was necessary to redu¢e th¢ (bp¢iiing hours duriiig the week to allow the Food Collective to operdte in the hall with appropriate so¢ial di8tancing. The Covid-19 regtrictioiis had an impact on the Bookshop's sales in 2021. These totalled £32.444.13. considerable increase from 2020. The Bookshop has received f2nancial paymcnls for pcriods whcn staff wcre furloughed #nd also support from various grant scheme adlninistered by Swindon Borough Council. T]?ese grants iotalled £16,31 g.82. The trading profit was £14,442.0 l. Operating expenses decreased by £3.308.1 I to £2Q.859.68, resultiiig in a surplus of £9,901.15. PARISH Investinents Policy Tlie PCC invests witli the Church Board of Finance (CBF) in Accumulation Shares, and it considers this to be a long- terni investment. Our investment of iinrestricted funds with the CBF totals £359,747.98. The value at the close of 2020 wa5 £319,685.69. During th¢ year, th¢ PCC withdrew £15,000 of its investin¢nt. making a net unrealised gain of £40,062.29. In addition to tliis, the Income Shares invested by the Diocese on our behalf Inade an unrealised gain of £12,918,96. 11) 1995 the PCC established the Parish Reserve Capital Fund (Designated & Endowment>- This fund is maintained in order to fuiid capital expenditures, in ¢x¢¢ss of that able lo be inet from tile General Purposes Fund, in the parisli without recourse to extraordinary fundraising, and also lo balanc¢ any other parish fui)d whicli from titne lo timc is in deficit. I'he PCC have r¢affirnied that it coi)tinues to bclievc that maiiitaining reserves of tliis level is rcasoiiable and prudeiit. The General Putpos¢s Fund provides a iiiodest cushion in case regular givin¥ in aiiy particular year is iiut able to meet day-to-day expenses. The Reserve Capital Fuiid offers a furthcT buffer, which Iiclps to ensurc that our buildings are kept in repair and Ihul tl)ey saiisfy the requireinents of cu)Tent legislatlOD. The level of this ￿nd is defined in the Annual Accounts. note I l. RESERVES POLICY Eacl) of oui. funds iq intended to bc self-sufficient; however, due to majoi. building works oi. other capital expenditui'e, tl)e G¢n¢ral Pwpose Revenue IUni'¢stri¢t¢d- De5ignaied) Fund can go into deficit. The total unreslricled'funds of the Parish ar¢ £569,530.44 made up of £359,748.98 of iiiveslinertl a8sets ii) the Leiili'al Board of Finan¢< £162.813.(K) of investment propety and free net current assets of £46.969.46 held in 24 Designated Fiinds. The PCC of Swindon New Towii Parish had ¢slablish¢d a ￿lld knowi) as the Parish Reserve Fund, later re-liiled the General Purposes Fuiid, pi'ior to ihe 1993 revisioii of th¢ Cl)arities Act, and thc PCC dcposils into this fund the income rroin piY)perties owncd by lh¢ parish ynd ii)comc froin other invcslincnls, which is iiol resli'icled ii) any way. Tl)is fuiid stands al £.366,139.40 at tlie end of 2021 and is l)cld in iiivestiiient assets, which could be liquidiscd io fund future large-seale capilal expenditure. 'I'hc purpole ofil)is £uiid is io ¢iiablt large-scale expenditure for il)e mainl¢nanc¢ and upkeep of tlie churchcs and oih¢r buildiiigs of tlic pol'ish, without il)e nece.%sity of rccours¢ to fvi)draisin8. The PCC aims to liold at least six moiiLI)s' ruiii)inLY Costs (iii ihc region of £85.000 pa) in re9¢rvc. Thc value of rcqerves is subject to the rise and fall in inv¢stment markei value. Possible works, wliich may be identified in the Quinquennial Inspections, would cause a further rcdu¢lion in ¢he level of reserves. Ther¢ is a totsl of £15,377.86 held in Restricted Funds. The Resei've Fund lia5 a150 been drawn upon from time lo lime in the past lo s8lisfy deficits in the Pai'ish Stewardship A¢couni. The day-to-day opei'ating ai)d running ¢xpcn5es account for the parish. In certain years it lias not been found iiecessary to expend the whol¢ of tl)¢ ilicoine of the General Pu￿0$¢$ Fuiid,. iii othei. years, Iiowever, the demaiids oil the fund have exceeded ils annual ineoine, In view of the age of thc parish's building5, and tl)e fact that one of them is an important, listed building, the PCC have considei'ed ihe fund necessary in order to maintain tlie parish'5 existing work. Thi general, rlie ¢xpendituie on buildings in any given y¢ar is limilcd to the amount of a￿)u&l incom¢ into ihe fund. FUNDS HELD ON BEHALF OF OTHERS The S. Savioui s Chui'ch Land Charity 15 COI]stiluted by a scheine of the Charity Cominission dated 19 FebnTary 1993 aT]d is a registered charity, nuinber 1021748. It li'usleeb dre the members of the PCC. Its objects are to promote the religious and otlier charAiabl¢ work of the Church of England iii th¢ Ec¢lc5iastical Pai'ish of Swindoi) New Town. The land attd buildiiigs included in the Balance Sheet r¢pr¢s¢iir l OOTr/o of the equily of ihe house and land at 94 Kent Road. Swindon. The fi'eehold is vested in th¢ Bristol Diocesan Board of Finance Limited as Dio¢¢san Authority in trust for the PCC of Swindon New Town, in its corporate capacity. The PCC has cr¢al¢d a car park at 94 Keni Road with the funds held in the Chaiity> foT the benefit of the users of S. Saviour's Chuirh & Hall. The cost of this work has been capitalised and shows in the account5 as #n udditional asset. There is no requirement to submit a scparate Annual Report to the Charity Commission although there is requirement to submit an Annual Return and an Aiinual Trustee Update Fon)i. Not included in the balance sheet are the land and buildings at S. Saviour's chU￿h and Church Hall, both in Ashford PARISH Road, Swindon. The trustees hove been unable to obtain records detailing the original c051 of this land and buildings. The buildings are approximately 130 years old. Both buildings are used and maintained by th¢ PCC. MOVEMENT OF FUND RECEIPTS & PAYMENTS ACCOUDIT- for the 2021 car ended 31 December 2021 2021 2020 Total Funds Perma Endowment Fund Recelpts Incoine 11.820.00 11,820.00 11.820.00 Total Reeefpts PA}ments Siipport ¢os15 Cor park securiiy cosis 11,820.IXI 11,820.00 11,620.00 1.413.59 Total Paymonts Ex¢¢s$ of P*yrnent5 ovcr Rceeipts l ) Cash Fund$ at l Janiiary 2021 Cash Funds at 31 Doeember 2021 11,413.591 2,490.53 1,076.94 1,076.94 STATEMENT OF ASSETS AND LIABILITIES as ot 31 December 2021 Flxed a%sL'ts for chArlty U5¢ Keiit Rood 266,416.04 266,416.04 Current A5$Qt5 DebiDrs C¢iitral BDar¢t of Fii)uiicc Lid 1,076.94 1.076.94 Current Liabilities Creditors r4et Current Assets 267,492.98 267.492.98 TotAI A55ets less current Ilobllltles Funds Permanent Endowment STRUCTURE, GOVERNANCE & MANAGEMENT Th¢ PCC is a corpornt¢ body ¢51ablislied by the Churcli of England. The PCC operates under the Parocliial Churcl) Council Powers M¢asuit. The PCC is a registered charity, registered with the Charity Coinmission (chai'ily nuinber 11310701. M¢mbership of tlie PCC is governed by the Cliurch Representation Rules. PCC members are eitl)er ex officio (by virtue of being ehur¢hwArd¢ns or members of the Deanery or Diocesan Synods}, or elecied at th¢ Annual Parochial Chur¢h Meeiing. Each year, the PCC Inust hold a sufficient iiumber of meetings to enable the efficient transaction of 115 busiiiess. Between meetings, the Staiiding Coinmittee. a committee required by law, may transaci the PCC'S busiiicss. subject to any direction giveii by the PCC. District Churrh Councils al S. Mark's, S. Saviour's aiid S. Luk¢'s are in place to discuss i￿att￿S relating to the pastoral and worshiping life of each cliurch community. Each year, the Annual Paroehial Churcl) Meeting ("APCM') receives= a report on the pari511 electoral roll- an amiual report on the proceedings of the PCC and the activities of the parish gcnerallyy the financial statements of the PCC. the annuaE fabric repott under s. 50 of th¢ E¢¢lesiastiGal Jurisdidion and Care of Churches Measure 2018. and a report PARISH of the proceedings of the Swindon Deanery Synod. The APCM elects members of the PCC and representatives to the Swindon Deanery Synod. It also kppoints an xndepend¢nt examiner for a temi of office ending at the subsequent year's APCM. Thc parish is part of the Diocese of Bristol. In 2016. the PCC passed a resolution requesting amngements be made for it in a¢¢ordance witl) Ihc House of Bishops, Declaration on the Ministry of Bi8hops and Pi'i¢sts', as a resuli the parish Icc¢iv¢s episcopal oversight from the Bishop of Ebbsfleet. The Parish is affiliated to the Society undcr thc Patronage of Saint Wilfrid and Saiiit Hilda: it is a member of Fonvard in Faith and of the Church Union. The PCC has responsibility for a wide rang¢ of matters affe¢liiig tlie p8rish, in¢ludiiig coinpliaii¢e witl) liealth and safcty law. equalities legislation and t]1¢ saf¢8uardin8 of ¢hildr¢n and vulii¢rabl¢ adults. All m¢mbers of the PCC undertake regular safeguarding training. Membcrs of tli¢ PCC will also participatc in other training courges arranged by the dio¢ese or d¢uiiery, reporting back to the PCC in order to disscmillate infomiation. In addition to i'esource. available on the Parish Ktsoui'ces, Bristol Diocese and Church of Eiigland websites. there are paper copies of relevant docuinenls and handbooks available in tlie Resource Centre, whicli PCC ineinber5 are encouraged to consult. M¢mb¢rs of the PCC are all required to complete trustee eligibility and fit and proper pci'son declarations. Safer recruitment 8uidelin¢s arv folluwed for the appointment of employees and volunteers a5 appropriate. SAFEGUARDING OF CHILDREN AIYD VULNERABLE ADULTS The PCC has coinplied with ils duty under seclioi) 5 of the Safeguardiiig and C￿￿'gY Discipliiie Measure 2016. (Thi is tlic duty to l)av¢ r¢gard to tlle House of Bishops. guidance oi) saleguarding cl)ildren and vulnerable &dult5.) Safeguai'ding is of the ulmosi iinporlaijce to the PCC. We want our church conimunities to be safe and welcoming pl¥ces. We have fon))ally adopted our own safeguarding policies in lin¢ with thos¢ of the Dioc¢s¢ of Bristol and the Cliurch of England iiationally. 'I'hos¢ workinL) with childr¢i), youi)g pcople and vulnerable adults, as well as ihc PCC meinbers (as truste&% with ovcr8ight of saf¢8uarding), huv¢ l)ad DBS checks and r¢gular safcguarding trainin providcd by Ihc Dioccsc of Brislol. The parish safcguarding policy, together willi oilier documeiil5. bucli as a Code of conduct, is available on our paris1) wcbsitc. Poslci's witli safeguarding ii)foiination and points of eonlact are displayed prominently ut each of Ihc church¢s. Our parish safeguarding orriccr is Mrs Pat Gurdon. Ih¢re ur¢ also) sllfeguardin officers at each of Ili¢ churclles. Our hiring agreemeiit for organizations usin8 any of our premises contains ¢xprcss safegLiardinE provisions. RISK MANACEMENT Tl)e PCC coiitinued during 2021 to maiiage the risks associated witli th¢ Covid-19 pandemic. These risks included.. (i ) th¢ public liealili risks of exposure lo tl)e virus of our staff, officers and volunteers, or those att¢ndii)8 worship or oil)er parish activities oi. our halls,. (2) Ilie I'isks io sustuining oui. mission Bnd worshipping lif¢ caused by the lorkdowrts ai)d restrictions,. ai)d {3) the financial i'isks asso¢ial¢d with a loss of reiital income. Detailed writteii risk assessments were regularly reviewed by the PCC stsnding eoinmittrc, and appropriate actioiis put in place, to ¢nsur¢ oiw cliurches Ind halls i'emained Covid-s¢¢urc. Conceniiiig slalut()ry and leEal requireinents, the paris11 coiilinues lo insulE with Trinitds Cliui'ch Iiiqurance Services which provides ¢ovcr foi. Ihe most Si￿11r1¢an1 high impact risks identified by th¢ PCC. Th¢ church buildings and hall are insured with Trinitas. The other properties are insured with the Ecclesiastical 111guran¢¢ Group. Fire risk ass¢s5ments have becii completcd for all the parish buildings pursuant to the PCC'S obligatioiis under the Regulatory Refonn (Fire Safety) Order 21MI5. The PCC continually monilors the condition of our buildings to ensui'e that all users of the churches 2nd lialls ai'¢ at minim41 risk. Ln 2021. the PCC Secured pennissions for arboreal work in the chui'rliyard and made airdngements for this to take place iii 2022. The process of identifying the ffjajor risks, to which the parish is cxposed, as id¢iJtified by the PCC, continues. The PCC is committed to continuing this review of J'isks identified, and that thr sy5tcms established to miligate those risk a]e improved where necessary. Following guidance from OUT Independent Assessor, the PCC has put in place new wj'itt¢n financial procedures, which were adopted from November 2021. During 2021. the PCC carried out a review of our saf¢guarding poli¢i¢s and Ensured these were comprehensively updated in accordance with thc most recent guidance troni the Diocese aiid tlie Church of England iiatioi)ally. We liave also ¢aiTied out risk assessments of all aclivities in our churches involving children and young people. PARISH FUTURE PLANS In 2021, the PCC began the pro¢¢ss of developing plans for mission and cvangelization. Benedict van der Linde was appointed on a Goiisultancy bisis to help witl) Inappiiig out how S. Aldlielin's and ¢aGh of our coi)gregatioi)s can better 8erve our local cominunitics. This will continue in 2022. Fr Toby will lead a PCC away day early in 2022 so that the PCC can begin work forniulating a strategy for the Parish. The PCC has al%0 begun discussing how the Parish might be staffed in future, exploring whether we might be able to appoint a secoiid full-time stipendiary priest, rather than appointm¢i)t someone on a house-lor-duty basis. We will also s¢ek to explore ways of equipping lay pcople to be Inore involved in mission and minisiry. It is hoped thkt during 2022 our work on coinmunications will see iiew signage and a new website developed. The PCC is also Considering wilh our inspecting architect how we can improve the hall al S. Mark's, while also taking fonvai'd plans to iinprove the space available for the Harboui. PIDject at S. Luke's to a5SiSt in their important work of serying refugees and asylum seekcrs. SAgned on behalf of the PCC FrToby Boutle Chairmgn of the PCC 14, March 2022 kf(M 11 M PARISH PARISH STATISTICS TD 17 JDI 2D 2Q2 S MF#k S. 2.89 2.454 g.Luko 8. L￿• 4.135 3.480 1.997 49.74¢ IJO PTO 10.WD wl* zozo A¥•.Aduk Glvln 4 Coll•EIIIxry 2D2tr 1011 42 24 S SI￿llYr S. Luk• 20 D24 SJ S.LuM• ToL•l Illn S sllv￿r S S&vl Tot41 UT •ws 17 2417 2011 2021 201Y 2020 2021 Afterth￿ 74% 7$% 78% 7S% 73 Tpt 10 PARISH STATEMENT OF FINANCIAL ACTIVITIES Forthe year ended 31 December 2021 Uh+••trfGl•d Funds ErtdoWw￿ThI FuThdg TOTALPUNDS 2Q21 2D2D l¥nd• NOTES St• lollwll￿g papes *iwardKhlp Ralrsbow Qlhor tr4COMEAND EIIDOWMeNT FROII- LegDchi 63.S09A8 7.082.25 8.703.03 f$,284.76 67.792ffj0 2b Ofvrtradlrwjtictknbeg 37.361JS 2,271.35 3,334. 42,872.05 27.288￿0 133.72 44,008.58 2.4e5.96 46,628.Z6 44.859A3 2d 2,697.$0 48.70Z T06.91 52.247ll6 fj0,169.2Y 2• TOTAL*4COPIE & eNDOWAIENTS 103 702.05 14 623.34 221142A3 110 107.80 expeNurruREON'. RAIgty Funds 28DA 25OAQ 244.15 Chur¢hAcdYlU•i 122.873.72 3B.861AO 42.S95.OD 10,793.02 220.125.54 11,2S8.$4 Ol￿r ExpondilUI• 2,461.54 2,401.14 3,7e4.L17 TOTALExpeNDifuRE 123 124.12 J8 B61.8D 45 0S6.14 10 755.02 122 37A8 21S 21?2e QAII$AND ILOSSES} ON NVEsfMENT A88£78 -oh UThr•illwod IDv••lmèni0 .r*n pr¢p•rtyr•viluallpn 4b 09,082.29 12,918.98 30.0¢2.33 NEf W¢OMWIEXPENOWUREI 111.422M 9,9D1.15 64,1S9A4 11.211MI 12,918.$6 ee.286.20 IQ.BD2X7 8fEWARD$HP ACCOUNT DEFflT 119.432MTI TRAN¥FER BET￿N PVNDS TrBn51gr liom ParishRosèrve Fund 19,422ffj7 119,422.071 NET MOVEMENT ￿ FUN06 9,901.15 44,737.77 12,518.98 $6,28fj20 10,502.87 8ALANCES BROUGHT FORVIARD SI I JANUARY2021 ZQ,D90A7 494M01.05 11,649. 1,109,87ts.It 1NI,516.72 1,630.613.11 8ALANCES ¢ARRED FORWARD •t 31 OECEMBER 2021 29 P91A2 53153B.82 15377.&6 1112,¥94.62 ￿￿02 92 1 t41 PARISH BALANCE SHEET AT 31 DECEMBER 2021 NOTES ASSErs 2021 PE,Y31.60 39,8S3.21 16262.63 11.700.02 2,199.47 259.731.6C* 22 513.83 D•blorA PrOp•yw*￿l• ShortT•rrnD•poilts In Hand *nd al 326.709￿0 312,397.46 LLA8LTfEB Ac¢ruil# 7710AB 4 623.48 CLIRREMT A8BSTS 321.078.>2 307,773.97 NET A$8IT$ £ 1707 8•2.I2 £ 1 fj4151O.¥Z a PUND8 UNREsTR￿TED $tfjwllrdAhlpF￿nd Cortwnunlcoiionj Fund Pr•p•rtyFyThd fjvntrAI Purpw•i F¥n¥ 4.144.67 I62￿19.0& 19 14qJ 4.379AO (t+Q 30,3B1.24 8.391.42 3293¥6.74 50,361,24 1,gS4.73 289 324AS 386.139AO 29.9è1.82 321.e40.42 20.0gOA7 20.40 432.27 5.354.83 160.67 Rllnbow Fund Mlsilon Fund 43217 5,697.10 160.87 Dljlrlct Rèlem Funds se9.S30.44 ¥14,891.52 RESTRKTED 9.704AJ 8.660.43 23.00 9,977.96 ,671.5 Mls•lon Fund Churchyard F￿nth 4,810.39 16,377A8 16.649.54 ENQOWMEIIT Piop#*ty GAn•ral p￿rpoSeS Fund C¥plt•l Galns on knv••lM•n 760,936.04 780,92e.04 2e4.#36.16 97.122.43 264036.15 14 361 349.039.62 1.122894.62 E 1.707tsDZ.92 1 105 97S.$6 E 1841 $16.72 hlolchtycb 141h Mgrch 2022 ￿d$￿¢￿I$ ty,, A￿lIa￿rL Steèh-oa￿S1w￿e Cholrmonl J¢￿F BlslK)p IH¢nTr•88uMI 12 PARISH NOTES TO THE FINANCIAL STATEMENTS For the year endgd 31 December 2021 1 ACCOUNTING PLICIES BASIS OF PREPARATION The financial slalements of the charity have been prepared in accordanc8 with the Charities SORP {FRS 102) 'Accounling and Reporting by Charities.. Slalemenl of Recommended Practice applicabl@ lo charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. Th8 financial statements have been prepared under the historical cost convention as modified by the fevaluallon of cerlairb assets. The financial statements have been prepared lo give a 'lrue and fair, view and have dèparted from the Charities {Accounts and Reports) Regulations 2008 only to the extent required lo provide a 'lru& and fair view,. This departure has involved following the Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to ¢haritles preparing Ih8ir accoun18 in acGordanGe with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 rather than the Accountlng and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been wllhdrawn. The trust conslilutes a public benefit entity as defined by FRS 102. The charity is a Parochial Church Counoil, whiGh i¥ a body corporate la8 provided lor the Parochial Church Councils IPowersl Measure 19561.11 is not incorporated under the Companl&s Act. The registered office address and the natur8 of the Gharlly's operallons and principal aclivilie8 01 the charity are givon in th8 trustees report. The financial statements are prepared in Sterling whSch 5$ the functlonal currency of the charity. There are no signiflcanl areas of ludgemenls or key sources of estlmation uncertainly. The trustees con8lder thal there a￿ no mal6rial uncertainties about the charity'8 abilily lo continue as a going concern. Exemptlon from preparlng a cash flow stat?ment The charity ha5 taken exemption from preparing a cash flow 8talem8nt under the ch8rllle8 SORP IFRS 1021, a3 the charity oonstilutes a small charity. FUNDS Ggngral Funds represent the funds of the PCC that accounts as Endowment funds whose capllal Cannot be are not subject to any restrlctlon8 regardlng thelr use spent. Other Investments are PCC inve51menls and form and are avallable for appllcallon on the g8n•ral part of the Deslgnated, Unreslricled Fund. purposes of the PCC. These funds Include fund8 designated for a partlcular purpose by the PCC. The activities of the Rainbow Bookshop together with thos6 of the Resource Centre are included In these The accounts include Iransaclions, assets and liabilllles aecounts as Designated, Unrestricted Funds. The for which the PCC are held responsible. They do not Rainbow BoDkshop is self-funding with any surpluses Include the accounts of GhurGh groups that owe an transferred lo the Stewardship Mission Fund or retalned affiliation lo another body nor those that are informal lo make good previous deficits or lo provide worklng gatherings of church members. capital for the bookshop. During 2021 the Bookshop The Unreslrl¢ted fund has been shown dlvlded between cancelled their VAT registration. The Resource Centre is a Mission Outreach in the Town Centre and recelves ils the Parish Stewardship Account, the Ralnbow Bookshop funding from the PCC. Account and those Funds that are Designated for other purposes. Any designaled fund can be re-designaled, INCOMING RESOURCES hence il 18 being Unrestricted in ils use.. see note 11 re Funds. Income recoBnition policie8 Items of income are recognised and included in the accounts when all of the following criteria are met.. The charity has enlillemenl lo the funds., any performance conditions attached to the item(51 of Income have been mel or are fully within the control of the charity., there is sufficient certainty that receipt of the income is considerèd probable-, and DislriGI Miscellaneous Funds, with the exception of those that have a restriction placed on them as lo their use. e.g. the Flower Funds, aTe shown 8$ Designated, Unreslricled Funds. The Flower Funds being Restricted Funds. Certain Investments are in the form of Trusts, and whilst the PCC receives income from these inveslmenls, the Investments are held by the Diocesan Board of Finance as Custodian Trustee- and are therefore included in the 13 PARISH the amount can be measured reliably. NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021 ACCOUNTING POLICIES continued For legacies, entillemenl is taken as the eaTli8r of.. the dale on which the charity is aware that probate has been granted., the estate has been finalised and notification ha$ been made by the execulorlsl lo the Trust that a dlstribulion of the estate will be made., or when a distribution is received from Ihe eslale. 121 Victoria Road is held al valuation of properly when Receipt of a legacy, in whole or in part, is only the Mabel Greenwood legacy was left to the Parish. onsidered probable when the amount can be measured 6 Gr05venor Road is held al cost al 91812019 reliably and the charity has been notified of the executor's Otherinveslments inlenlion lo make a dislribulion. Where legacies hav8 been nolilied lo the charity, or the charity is aware of the These are valued al market value al 31 December. granting of probate, and the criteria for income CurrentAssels recognition have not been m61, then the legacy is treated Amounts owing lo tho PCC at 31 December in respect of as a contingent asset and disclosed if material. fees, rents or other income are shown a8 debtors. Fundraising is accounted lor gross. Income from provision is made for amounts Ihat may prove government and other grants are recognised al falr value uncolleclable. when the charily has enllll&menl after any performance Short-lerm deposits includg oash held on d8posS1 ellher conditions hav? been mel. it is probable that the Income with the Central Board of Finance or the bank. will be rec81ved and the amount can be measured reli8bly, If entillemenl is not mel then these amounts are Stocks are valued at the lower of cost and net realisable deferred. value. APPLICATION of EXPENDITURE Creditors are recognised where Ihe Gharity has a present obligation resulting from a past event that will probably Expenditure Is recognlsed once there is a legal or result in the transfer of funds lo a third party and the constructive obligallon to make a payment lo a third party. amount due lo sellle the obllgallon can be measured or It is probable that selllement will be required and the eslimaled reliably. Creditors are normally recogni5ed al amount of the obligallon can be mea8ur8d rellably. their selllemenl 8mounl after allowlng for any trade FIXED ASSETS discount$ dua. ConsgGr8led land and buildlngs and moveable ¢hurch STAFFING fumishings The Parish benefits greatly from the involvement and Consecrated and beneficed property is excluded from enlhusiaslic support of its many volunteers, detail$ of the accounts by $.96121{al of the Charities Act 1993. which are given in our annual report. In accordance wllh No value is placed on moveable church furnishings held accounllng standards, the economic contribullon of by the churchwardens on special trust for the PCC and general volunteèrs is not measured in the accounts which requlre a faculty for disposal, since the pcc During the year the Parish employed 10 persons.. the onsiders this lo be inalienable property. All expendllure Parish Administrator, the Bookshop Manager, incurred during the year on consecrated or beneficed 3 Bookshop Assistan15, S Cleaners, an Organlst and a buildings and rnovable church furnishings, whether Gardener. none earning more than £60,000 pa. The maintenance or not, is wrillen off. holiday and accounllng years cover the same perlod of other land and buildings time., therefore there is no accrual for holiday pay. Until 2005 other land and buildings held on b8half of the TRUSTEES PCC was valued at purchase value. Since then, Total donations of £22,795 were received from Trustees depreciation is charged on fur¢ctional property only, via the Planned Giving or Gift Aid schemes. These based on buildings value only, agalnsl such propertie5 at donations were given without condition5. the rale of 1.20k per annum over 50 years. but any Trustees may also have donated via Church Plate expenditure on malnlenance or improvement 18 written off as incurred. Colleellons. These donations are not recorded separately. Other lixture, fittings and office equipment The Trustees are not remunerated by the charity. Ther8 Individual items with a purchase price of £ 1,500 or less were no Trustees, expenses paid neither for the year. are wrillen oll In the period in which the asset is acquired. ended 31 December 2021 nor for the year ended 31 December 2020. There were no related party Investmenls transactions for the year ended 31 December 2D21 Investment Propety Thè ttustees are considered lo be the key management The property comprises the land and the construction of persorsnel of the Charity. Remuneration tts k8y 14 usel has been transferred lo Investment Property 18ee note 4bl. 3 Briar Fields was valued in Novemb8r2018 21 £300,000. 94 Kent Road is held al cost al 271612013. PARISH NOTES TO FINANCIAL STATEMENTS For the yearended 31 Decembor 2021 Unrqslrlctsd Fund4 R•8trfct•d Fund• EndoYlin•Tht FuTrdi TQTALFVND8 2021 zozo Sl•wrAd&hlp Relnbtsw ? NCOMEAND ENOOWMENT FROM.. Pldnt*dalYlr•J Incom TaXraco¥er8￿OttGdftAId 44,287A7 4.920.83 4520B.30 4B,103.90 1,331.25 70220 2,033.45 S,J4P.91 751.00 2.835.00 6240 7e1.88 3,331.06 ¢oi*¢tion8 Le9Ad*$ Cmrctyard 5,640.81 761.00 2.83SAIO 245.00 2,700.00 774.00 s,000.00 63 509A8 79¥2.25 8 71J3.03 79 294.71 67 792.60 2b Olh•rtridlng8cIfvW•$ FJnd-ial&In￿swcl8l Ellorf¥ Diitrklmlgcelanoous Furth Ha15Donotioni 1,276.QO 1,278.00 3,86D.2e 37,83S.71 1,304.50 2,118.$0 23,8e3.50 525.91 1,710.44 3,334.35 36,085.35 37 381.35 70.35 3 334.35 42172.O¢ 21 ZI•.50 In￿￿tr￿n1& ftonlallrKom 2021 Int•t••l B•nkA¢¢ouni8 & MIKolnrAou• Incom• 42,183.44 42.183.44 1,82S.14 2.810.68 46 62126 42JO5. 133.72 13J.72 2 4e5.56 2 485.98 .529.75 44008.5B 21 Chw¢h acllvlUeJ GoV•rr￿ni9Mn Coiorniryru¥ Job Rèthniion Scharf* Gr4rl R•LIll and HoBpllaMytsranl R••l¥rt Grant Ckn$ed ￿￿1￿9)8 Lo¢kth4%r GreNI Adthiion71 E￿trIctl0￿ SupportGrani Loral R•5tr1cfjuns sUp￿rIGi￿ni I,OSg.eo 3,S54.82 7M,91 S.401,23 10.T16.30 10.000,00 2.fj¢7.00 4,000.00 2,000.00 4,097.00 2,e67.00 4,ODO.00 2,000.00 4,097.00 1.334nO F8è& Rolr*Dw8oDkbf 1,838.00 1,63B.UO 32 444.13 J2 247.36 2.358.00 26,7S2.97 016927 32,444.13 4B 762.95 786.81 ?• C¥b8f Income TOTAL 14COME & eNDOWMeNT$ 103 yo2￿5 48762J5 14 523.J4 221 142A) CQMPARATNEFOR PREVW)U$YEAR 87.658.69 44.123.42 4f.828. 11.496A9 190.107.80 no urfuri￿￿C0ndIfjtsw 8nd0thor¢on￿￿0n¢I¢$ iowoni$ Uwihavo bo¢n ¢￿ilYhO$ (￿Jl￿￿￿tybèft•￿rta￿ frornanyoth•rfoM￿ D1goVAmmènt¥è￿tfyK* 15 ONNE PARISH NOTES TO FINANCIAL STATEMENTS Forthe year ended 31 December 2021 R•slrlct• Fund• EndowThont Fun4* TOTAL FUNOS 21 2¢20 St&Wardihlp R•ln*ow Other 3 EXPENDifuREON.' 38 Rol¥lnqFunds Stoward5NpEnveb 250.40 290.4 28OAO 250AO 244.10 244.15 3b ChuKchAcrfvltl•s MI55tonGI￿ry Wnlytry.. Por15h5horo Ckr9y& StsflE%p8nsos Contrlbullonkn C*r9yStiP• 1.200.DO 6.844.18 7,944.16 89,38D.ZO 5,379.93 87.624.00 518A4 89.380.20 1,721.rKI chU￿h,. 3,888.28 1.653.39 354.81 765.31 557.19 9.678.38 1,258.76 1.e4eA8 524.13 e61.eo 5.665.QQ 2.G38.32 408.91 1,940.80 3,89828 l.e53.39 8,989.52 2,368.14 557.19 9,57UJ8 1,258.78 1,6de.48 524.13 861,80 7,980.90 3,521.46 406.91 1,940,80 3,444.19 1.822.00 7.OQ3.38 1,¥99.56 1.147A3 4.750.94 015.15 1.389.75 250.62 738.85 e,510A7 2,072.82 LWII IniurarrfelRai Repo Alar MuslcTuthw&Or9bn*l 8,S34ffj5 1,502h3 Ll9hting Ir¢&uran¢•lR•leg C*JnlryJ'. .' MÈièTIs .. $B￿rI•l 2.315JlO RopL Rad&Bcrraiion PFovknlrJTh PrfThting& Swiiornry SuThloySchoollJuniorcI￿￿h M￿OI0￿90ul Ccrwnun￿71on Chuichyai¢'. 883.13 1.576.60 20.OQ l ￿31.94 234.93 232 00 2,580.OQ 811.68 18,002.12 3,048.66 766.96 1.233AO 4ts4.DO 2.496.B8 2.3S6.38 17.209.27 ?.243.82 20.924.17 .711.04 469.26 S,247.89 1.747.87 714.30 2.321.57 234.93 .. Èxpenje 232.OD 2,580,00 Fir• PIOt•¢U¢￿He•￿h &S•f• RalnbowBookAMp '. CoilDf .. R wnlwcoiis 811,88 la￿￿2.12 3,046.65 IT￿11.13 S.￿￿￿hr1¥ Conirtr RurAngCosis PaiiShOlllc* COALS Paii&hOmce Sakrley Olryd-19 ¢os1¥ SLthcrlpUonB ilrlcl Miscelangoul & RoBgrv• FU￿1 Pari9hCz￿lal ProiactslArctrilqcli Fafys &ankC￿r0U Go¥orMrKèCrpSfk". OIIKe Eq￿pr￿n1 8,40S.13 808.41 S,418 00 347.18 879.eo 934.44 13.479.12 187.00 S,408.13 e06.41 6,418.00 3fj7.18 879.60 4,787n2 9,852.8 167.00 80.00 869.g2 1.990.00 42 515.0 869 92 198000 220 1.872.00 211 258.54 122 38 ui.jo 15 795.112 )[ OtherExpandlwtr Nonck￿ChP10￿tiY Cosls 2.461.54 2 461.14 2 461.54 2A61.54 3.754.5F 3 764.57 TOTAL EXPENDrruRE 123 124.12 45 OS6.S4 1S 795.02 222 837AB 215 26726 COMPARArf4EFOR PREVDUSYUR 110.957A3 41377.OG 51.776.01 9 743.17 1.413￿9 215 267.28 16 PARISH NOTES TO FINANCIAL STATEMENTS Forthe year ended 31 December 2021 44 TANGbLE FL¥EDASSETSFOR iISEBYP¢ PROPERTY PRWT•t PICOPERS EQUVMENT TOTAL ¢roB5 Boc4¢VabJ• Al 1 January2021 31.418￿4 6,208.41 7.883.22 4￿06.29 49,493.98 Tranyfer 10 Mesimr Al31 De¢uthr2021 31416.04 6208.41 7.863.22 4J.493.90 O•pro¢blk) Al 1 JanuÈry2021 Dlspoml ¢￿r￿fory?ar 6,208.41 7,883.22 4.OU6.29 18.077.92 At31 Dèc8thr2021 4.006&9 IBQ77.92 Ntt 8oDk Vlllu At31 D•¢•wb•r2021 31416￿4 31.4I6.04 A131 Dèc4ffthr2020 18.04 31.415.04 4b NVESTPAENT F￿ED ASSQTS FOR UÉÈ BY PC UNREsTR￿TED FUND 2021 202 ENDOWIMENT FUND 2021 2DZQ TOTAL 2021 2020 CENTRAL 8OARD olFINWI¢£ Vob• 1 J￿ll￿ry 2021 3IB,6es.e9 115,000.001 55,082.29 369.747.91 2B9,433.99 {10,OOD,00) 30351.70 319,e85.69 2 90,308. 84.497.39 409.993.71 383,831.3B 110.000.001 3fj.Q6233 409.BQ3.71 VNeaBied Ga1￿(Lo￿OI Vllu• 31 DouNth•r2021 12,918.ga 103,326.9# 5*10A3 90,$08.02 e7.9bl2S 4g2.974.98 INVESTMENT PROPERTY 111 Vlclort8 Hood 3 8rlir¥ Flobj 94 Kurtt RoBd 6 Gi0J￿nDrRQ￿￿ VJlv• 31 PDuTnboT2D21 Tolal hv••tThnl FlxgdA•••t4 57,323.00 105,480.00 57.333.OD 1DS.48Q,OD 37.333nD S7.333.QD 1gd,520.QO 300.000.00 30D.000.Ots 235,000.DO 235.000.00 235.000 00 300,000.00 300,000.00 30D.000.OQ 729,520.00 892,333.00 892,333.00 619,828.02 1,3SS,J07.•1 1,902.328.71 6,1U4.65 )18,8B5.89 2 ¥ 4,408.00 2 * 4.40e.00 @2.341AIp 2.04B.73p 194,520.OD 235,000.00 300,000.00 729,52Q.00 832,746.ga 162,813.00 $22,5fj0. 182.813,00 482,49B.69 312,7B1.44 312,781.44 l N 6,159.91 1 B 6.429.94 Q4.971h3p .971,B3p 318.eBS.99 5 M￿yS￿OF1EfA$8E7s BYFUWJ UNREArR￿TED FUND 2020 022,S60.98 482.496.88 04,66Q.31 RESTRfTEO FUNO ENDOVIMENYFUND 2020 851.244A16 25&731,6D IOTAL F￿dA$s?11 ¢uN¢nI￿gets CuNeniu#bil 114,113 219,lll.¢O 1.Jlt.ll4.M l.J33,T42.70 324,719.eo ri.710.B81 1SM77A6 16,649J4 I4,￿3A¥) 96H,53U.44 $14891. f.7W,602.92 1641516.Y2 6 DEBTORS ProportyRor TIX R•lund 10 518.SD 11 7D0￿2 7 PREpA￿lENTs Otr*r 2.199A7 2.199A7 1,403.07 CREDtroRS VAT In￿p9th￿l Exonlna114 AcGruzh andcwÈ￿ed Incom 3,390.14 1geo.00 3.350.74 7.710.J• 70712 1.872.00 2 044.20 4,623AB 9 PAINBOW BWKSHOP s£￿5 Lpss.'Cwlol S*As Sur￿$ before Expen9 ¢ran Lèss". Exwr*ès&Dtrprtt￿lI0n Suiphjs 32,444.13 18.002.12 14.442n1 16.319.82 2D.e59.68 9.901.1 25,762.97 17 209.27 B.SS3.70 18.360.48 24.167.79 2.746.31 10 STAFFCOST8 36,280.12 NBI. InBurarrA 36 822.63 3fj2BO.12 17 PARISH Funds that exlst wlthin the Parish: MOVEMENT OF FUNDS 202Q rr4n$f•ro. In¥ $9 lThS At 1.121 rnA Exp¢ndMur• At31.12.21 At l.1.2 IrKQW EWer￿lIUr A131.12.20 Unwestfktod Stewardstr RaIn￿W 103,702JJS 1123,124.121 48,762Jg 139,161.8Ql 45,Q56. 207.042.46 19A2107 8T,6￿.8? 1110.857A31 44,123.43 141.377.061 46.828.75 178.fj10MI 23,298.74 20,090A7 29,991.62 539.538.82 869.53D.44 17,344.10 492,78S.J1 510.139.41 20.O90.47 6 952.Y8 4W.901.05 30.251.70 64Q.22 S&lJ62.29 2¢6,619.09 2U4.110.50 R•slrf¢ted MiscelaMOUS 45T9J5 4623￿3 IB3￿0 2ABSJ6 14 $23.34 ,701.43 9.65fj.43 2)AO 9,927￿3 6,48924 1103.571 15.379.93) 11.209.051 2.4UO.$2 .743.17 9,977.5 6.871￿B 0.00 16,144.181 (2,812.001 S,U92.27 2,7W. 2.4rk).62 11,496A9 RHpalTJ Tnwl 15.795.02 377.16 14,895.82 16 8d9.54 Endowrn•nl Piop•ty GPFL 7fj0,gJ6 345 039.62 1 1099TS.66 76D,936.04 1B.95 361958.08 12 918.jb 1.122 894.62 7BO,936.04 344,64?.58 1 1Q5578 760,836.04 s 810.63 349.02è.62 5.810.83 1.109.97S.86 TolAIFundo 1647 516.72 221 141.43 222 837A8 67 981.25 1.707 102.Y2 1630613.85 190 107.P 215,287,26 38.062.33 1841 $18.72 Unr•ttrlcted undoslgn•tod funds. This is the Slew8rdghip Account. 8nd Ihs PCC Is for 11 lo balance. wllh ¥Jn dèf*il$ toming lirsll fiom an t RoseFVQ funds. SBcondly rom any eq8¢y or Ggneral Fund, ènd Buy Funds, and I￿n Ilnally from Iha th¢ SIcw8rdshlp Account Is in surplus 91 ye8r-end thé amounl of Iho s￿luS Is flrsl used lo cofjlrlbule lewards any C?pllol Prol8cls pald lor by tho GP Fund In Ihèl Dlsirlci Ènd any ram&lnlng balgnce ly then Iran8f•irod to th¢ Dl$iri¢t R•s0ry6 Fund lor the dlslrlcl OT dlslrlGts In whlch Ihe Surplus occurred. Unr•strl¢led-d•¥l nbted fundj. Th058 are funds that h4vo bg8n deyi9nalod by tha P C or by a DCC for a particular purposé. Arty such dè$i9nalion can be changtsd by ¥ub¥9quenl acllon of the deslgn81i body or Ils succ¢55ors. As a rule Iho8o funds c8nnol be oveiorawn. they are, lh9 GonerBI PurpoBOS FU￿1Par1&h Rp5crv6 has Sullrcienl lunds lo makè pood 8ny10s88* until Such lime 8$ Iho Ivnd rolwns lo a b818ncad slate. Cornmunkalions Funiy.. Thly bcen 501 up In respon¥e lo g negd for 8 fynd Ihoi can be used lo prtrvlde comrnvnlc4llon5 wllhin Parlsh and beyond. Expensas will be budy91ed fcr In ordor lo provid& a fund whlch will 1851 for a number of me from the e$lim$i¥ of tsx ears. The source of 115 Incorne las Docomber 31" 2015. und Glalm8blts In IhE p2rth Aprll 6 10 Pwoty Ftsnd.. Thls repr888nls Ihe value al cosl of the lollowing propari￿8 manBued by the PCC as Man8ging fruglees. the D8ed¥ o wh￿tt are hekj by Ihp DioGgsp of Bri¥lol 88 Custodlan Tru*ees.' & 113 5fv8re in 121 Victorfa M08d 8rtd ? 35.16% 8har& In S. Luke's VIGargge. GènbrÈl Purposgs Ftsftth. Thi5 fund, lom8rfy kr￿n 88 lh8 Parish R058r¥È Fund. is sp￿1 into Ihr8e parts,. R&v6nu?.' Thls hgs been sd up to handltr th058 cos18 Ihal are not deeffled part ol th& stèwardship Account Id8y-lTrday runnlng costs and lo enablB lar o amounts of Capital Expenditure 10 bÉ Incurre or fund-iaislng. 11 aL80 recoivas Incom¢ Irom Rent d Investrnen15 It￿1 8r8 not reStr￿l￿d as 10 their use In anyway. Capital.. Thls was sBI up by tf* PCC in 1995 lo protrlde for an Invgslrnent lo be m8dtr with Ihe Cont￿] Board of TinÉnce ICBFI of thè Church of Engla￿. G8ins on Invgstmèni&.' Thi$ repr8senls Ihe a￿￿ulated wre81188d 98ns made on the PCC'S Inveslmenls In the CBF. R8lnbow Fun6.. Yhis represents Ihe operatlng capital of th8 Ralnbow Bookshop. Mission Fund.. Thi5 fund r8ceives lh9 op8ratlng Surplus 81 th2 cbse of thp year from Rainbow Bookshop. ReSou￿eS Funtr. Thls Fund prov￿￿¥ fun06 to maintain book and audio-vlsual reSour￿9f0rlht RÈsource Centre for IBnding. Dtslricf MI￿￿11￿￿￿0US Funds.. These funds ar9 mainlalNdd by th8 Dislrlcl Church Councils and include the followin9'. Bring & 8uy, Social and Leg8cy Funtls where the Legacy has NJ ts51rictlon placed upon it. R95trlcted fund&= These funds have bBgn set UP 85 8 result of donalions for a specilied purpose. Thèse funds, ￿cordingly, Ggnnot be u58d for any Olher purpose. As o ruk thes8 funds cannot bè ovèrdrawn. If they arè, Ihe Generdl Purpose5 Fund will have su*r￿le￿I l￿d8 lo make good 8ny lts&te8 unll t1￿* 4B the fund reluroB to bylanced 51ale. Dlslrfcl mi￿￿11?￿cou￿ funds.. These fund$ ar8 malnlalned by Iha Dislrlcl Church Coun0115 8nd includ8 th8 followlng wh8r6 there Is sllpulallon as 10 wh81 the Income rec8lv&d tan be &p8nl on.. Flower Ftsnd$'. Thest 8xlsl In all three churc￿¥ lo handle dgnjlbns rec8iv8d lor flower$, eome1n memory ol dèparled lov•d enes. Legocy Fund$.' Th*$¥ ¢xis1 in 811 Ihree churches and sllpuLgtkJns hawa bèen mad* 0$ 10 wh61 Iho mongy moy be spenl on e. Fabric elc. In th? case of Ihe SpuN8y legacy Ihits Income cBn only e 5penl Yor thg sole purptrs6 off malntalning beoulifylng by w4y ol irnpmvep7ent S, M&rk's ChuKh il58ir S. Luke's Holl Relurblshm8fjt Fund.. Th1% fund exi818 lor th8 refuthls￿m9nl of S. Luke's Church Hall8. Org8n Repèlr Funds., These 0￿51 In both S. Mark'8 Bnd S. Luke's ChurGhfr$. Churchyard Fund.. Th18 mana è5 the money glven by the kical ¢owGiI fol IhB meln1enar￿6 ol S. Ma '$ chU￿hy￿r￿. COL W.. Th15 fund wa8 sel up In 1997 10 handlè thè rnonles reco￿ed and spent in conn9Glion wllh the 3cllvilks of Iho Cell of Our Lady of Wal8lngham', tha Parlsh Prle8t havlng betrn Ihe Cell Superior. Mission ￿￿￿.. Ths fund rec&lv&s lan per renl of all Planne(t Glvlng r￿orp1s as well as indiv￿u81 chariiabl8 donaliDTrS given for 5pgrifi PUIPOSgS. End0¥4m*ni Furtdts.. These funds been 881 up becaust mon?y endlor property hav8 b&èn1efl la the p811sh w￿h speclflc instructions as to how th8 income gained from ttrLe money can be spent or how an assel (usually propertyl can be retained for Continuing use b the Porish. The caprtal cannot bt louch2d wilhoul CL rity Comml8sk)nérs' approval. Pmpcrty Furtd.. This inclutJEs the value, al co&1, of the 36.4% sharo In 3 Briar Fields. as P&rt of the Watter Timbrell 8eques1 and also Ihe vBlue. al cost of 94 Kent Road. as part ol th¢ S. SavEourfs Church Land charity. Genfrral Purposas Futt￿.. Th1$ fund, fomierfy known as the P8rl8h Re5£rve Fund. is split inio two parts.. C8pilal.. This CDntains thB bBIBnce of the lunds In the S. Saviwrfs Church Land Charlly folbwin9 tho pw¢hase of 94 Kent G8ins on Inveslmenls.. Thls conlalns the Val￿ of unrealised oains on the Trusts strl up, and inve51pd In, by Iho Dv)cese Irom which th8 Parish derivas Income. Note Dn Investments= The PCC decidtd in 2011 that an amount be sel frotn the nDrmal r8V8nue stre8m$ ol tho two General Purposes Fun(Is. and Capital Funds were crealed. T￿se funds are malch8d by an Inveslmènl in the CBF InvÈsiTnent andlor Deposil funds. The level tsf inveslment irt the CBF Is equal lo the sum of the Inve5tmenl values of tre trvo Capil81 Funds + the sum the bvo Unrealised Gain Funds, as shown on page 2 of the account5. 18 PARISH IndependcJ)t Eianiiiier's Report to the ￿leMberS of tlie Parochial Cliui'cli Council of tlie ParÈsh of Sii'indon Neiy Toivn Accounts for tlie I'car cndcd 31, Dccembcr 2021 I report to the charity tnislees on my examinaliDn of the accounts af the charity for the year ended 3151 December 2021 %vhi¢h Gompdso Ihe stalemenl of linancial aclivilies, the balance sheel and the relaled notes. Re5ponsSbllities and bas15 of roport As tho charity's trust?es you are responsibla for the preparalion ol 'he accounts In accordance vi.th tne requirements of the Charitie5 Act 2011 ('Ihe Act,). I report in respect of my examination ot the charily's accounts carried out under seclion 145 of Ihe Act and in carrying Out my examination I havg followed all tle applicable Dlreclions given by the Charity Commission vnder seclion 145(5){b) ol the Act. Indopcndent examlner'8 Statement I have comp.'e48d my examlna;ion, I confimi Ihat no ma¥erial malteis have come to my attention in cannection with the examinauon glvlng me cau581o believe that in any material respecL' accounting records were not kepl In respect of the charity as required by se¢,lon 130 01 the Act,. or 2. the accounts do not accord with those lecords; or 3. the accounts do not comply Yiith the applicable requiremen&S concernlng the form and content of accoLints setrout in Ihe cnari.ies (Accounts and Reporls) Regulations 2008 other than any requlrement that the accounts give a 'tru¢ and fair Vie￿ which is not a mailer consldcred as part of an Independent examinaticn. I have nc concerns and have come across no olher matters In connection with the examSnation to which 811ention should be drawn In thls report in order lo enable a proper understanding of Ihe accounts to be reached. Slgned.. Nam6.' Steven Fraser Relev8nt pmfessional qualificalion or body.. FCA Address.. Monahans, 3842 Newporl Slreel, Sw3ndon, SN13DR Date.. z l￿- M2r¢h 2022