sps St Paul's Salisbury The Parochlal Church Council of the Eccleslastlcal Parish of Fisherton Anger (St Paul), Salisbury Registered Charity 1132168 Annual Report and Financial Statements st for the Year Ending 31 December 2021 renewing FAITH restoring HOPE radical LOVE
ST PAUL'S CHURCH SALISBURY CONTENTS Page Trustees, report 2tolO Independent examlner's report li Statement of flnanclal a¢tlvltles 12 Balance sheet 13 Statement of cash flows 14 Notes to the linanclal statÈments 15to23
St Paul's Church Annual Report For the year January-December 2021 Registered charity number: 1132168 l. Objectives and Activities, Achlevement and Performance and Public Benefit The Parochial Church Council Powers Measure 1956 las amendedl and Church Representation Rules state that the objects of the PCC are to promote in the ecclesiastical parish the whole mission of the church. As an organisation we believe this is encapsulated in our vision of 'renewing faith, restoring hope, and radical love,. The PCC have given due regard to the public benefit when planning the church's activities, in accordance with the Charity Commission's general guidance on Public Benefit. This report sets out the PCCS activities, achievements, and performance during the year, which are directly related to the objects and purposes for which the church exists, The benefits are directly related to the aims of the church and re fully compliant with the principles set out in the Charity Commlssion Principles on Public Benefit. The mission and ministry of St Paul's continued to be dramatically impacted by the COVID-19 pandemic during 2021. We adhered to national and local Governmental guidelines and adapted ministry so that we could continue our core activities of worship, prayer, discipleship and outreach in these extraordinary times. Renewing Faith Throughout the year we produced material and h05ted specific event5 to enable members to discover, explore and grow in thelr faith. These covered all ages and stages of life. St Paul's provides a wide range of opportunities for people to renew faith throLtgh worship, teaching and In Life Groups where church members meet in small groups in church members homes lor online during the pandemicl. 377 people are currently members of our mid-week Life Groups lincluding Vine Groups) which meet regularly for Bible study, prayer and pastoral support. A wide variety of additional weekly events take place for young people, women, toddlers and their parents and the parents of primary school children. All our Sunday in person and online gatherings are open to all members of the public and we regularlv welcome guests. The church congregation is drawn mainly from the city of Salisbury, but some members travel from other parts of South Wiltshire, West Hampshire, and North Dorset. Our Sunday gatherings continued to be affected by the COVID~19 pandemic and further lockdowns but th we were able to reopen the church with socially distanced seating on Easter Sunday on 4 April. Our 10.30am morning gathering has been live streamed throughout the year and provided a focal point for our collectlve worship and teaching. The 10.30am gathering includes five children's groL*PS and two youth groups, which moved to online gatherings during the lockdowns. Sunday Teaching topics included 'Good News about Jesus, a study based on Mark's gospel, a teaching series from Daniel titled 'Spiritual Living in a Secular World,, and a teaching series based on the books of Ezra and Nehemiah called 'Restoring Worship and Rebuilding Walls. The latter two teaching series were specifically aimed at navigating faith and maintaining vision during the COVID- pandemic. We also had a number of one-off
special themed g3therings including.. Josh Fortune speaking on Seven reasons not to worry from Matthew 6,, a special service focusing on COP26, a focus on the Persecuted Church with Open Doors and our annual Christians Against Poverty ICAPI Celebration Service. Average attendance in socially distanced seated services was between 80 and a 100 people. Online viewing figures are more difficult to account for but averaged 281 viewings per week. The evening gathering resumed regular weekly gatherings in September with a teaching series on Colossians. Average attendance at these gatherings has dropped by about 50¥0 averaging about 40 people, which is largely due to the ongoing impact of the COVI D-pandemic. More vulnerable members of the community have not felt able to re-join and we were not able to resume our meal at this gathering. Rev Ali Etheridge who had oversight of the evening gathering left at the end of November 202 1 to take up a new post in the Guildford Diocese. Oversight of the gathering now rests with the Rector and a lay- team of young adults in their twenties. It has been qulte the journey over the last year in the children's ministry and our children's pastor Debbie May and her team have slowly been transitioning f rom a virtual space to meeting again in person. The start of the year involved continuing to provide live online groups combined with pre-f ilmed material. Through Zoom a core online 'Focus' family continued to journey though the pandemic, exploring, chatting and bonding together, enjoying rich and deep bible study and friendship. Attendance dropped significantly across the children's rninistry and online activities didn't work for many of our chlldren. Once Sunday groups could resume meeting after Easter Debbie started the task of rebuilding our children's ministry. They have adapted their pattern of meeting together by combining the groups and have adopted a peripatetic approach whereby the children move around the Church in their age-appropriate groups around the Church Centre and participate in various activities, The church's mlnistry to schools has continued to grow through our continued engagement with Sarum St Paul's School and also with Manor Fields Primary School. Debbie has become a regular face online, in many of the homes of pupils who attend these schools through her recorded acts of weekly worship. Over a hundred households who are not part of the church family have been engaging with these weeklv acts of collective worship produced by Debbie. She also continues to provide social and emotional support to pupils as an ELSA worker at Sarum St Paul's School (she is released by the church for an afternoon a week supporting children with emotional literacy problems which allows for even closer links between our church and linked school). We have continued to develop our relationship with Manor Flelds School, the other primary school in the parish who have accessed the on-line collective worship material. Debbie has continued to or8anise morale-boosting care packages on behalf of the church to teaching and support staff in both schools. Regrettably. the pandemic prevented Ark, the church toddler group, from meeting for much of 2021, The team have continued to offer support remotely and have now been able to resume meeting in the main church buildlng. Ark has found this move to the main church building to be extremely effective and the ministry is growing from strength to strength with about 80 regular attendees and others on a waiting list to join, The vision is to see parents supported and signposted to areas of help but also to help them have a sense of belonging to both the group and wider church community. The Youth ministry in 2021 continued to be impacted by the pandemic and sadly a significant number of youth who were attending before the pandemic have yet to re-engage. The numbers in the youth are significantly lower than in 201812019 and this largely due to the long-term impact of the COVID- pandemic. The Rev Ali Etheridge and the team started organising social events as soon as they were able
to do so and resumed meeting in April on Sunday mornings and also on Tuesdays with the older youth for food and discipleship. Regular outreach and re-engaging events resumed every other Friday, but we were not able to run any residential or summer events in 2021 which had been key events in the life of the youth ministry in the past. Further disruption to the youth ministry came about when Rev Ali Etheridge left the staffteam at the end of November las mentioned above). We are blessed to have a gifted team of lay-members in the church who are continuing to run the youth ministry. The PCC are tasked with discerning the way forward and to possibly recruit a youth pastorlworker in 2022. 'The Vine Ministry, has over 60 women who meet regularly in small groups for bible study, prayer, and peer support and friendship. Kim Ryalls stepped down from co-ordinating 'The Vine Ministry, and oversight of this group now rests with the Rector until new leaders from within the groups come forward. Membership is mainly made up from those who worship regularly at St Paul's but also some from other local churches. Study material is provided centrally or chosen by the Vine leaders. The network occasionally meets together in a larger gathering. In 2021 we ran an online Alpha Course which worked well, and we had people participating in the course from overseas. Several members of this Alpha Course have connected with St Paul's or have been linked with other churches. It is hard to proportion many items of expenditure reported in the Statement of Financial Activities between the three aspects of the church's mission because some of them {for example costs related to buildings and staffing) will contribute to all three areas. However, items such as 'Church Services,, 'Adult Ministrw, 'Music' and some of expenditure under 'Youth' and 'Children's Work, directly relate to these activities. Restorlng Hope There has been nothing normal about the past year because of the pandemic. Those with dependencies and severe enduring mental ill health have done badly and tragically we have lost a few friends along the way. The Hope Centre continues to be a vital vehicle of outreach and connection: 69'A of the community are on a low income; 28Yo have a dependency; 41% have complex PTSD. 74% have significant mental ill health: and 86% are single or isolated. Practical work continued throughout with one -to-one support for individuals - mainly via telephone support because the SP2 Cafe and Hope Centre rernained closed until the 18thof May. The team continued to support vulnerable members of the community during th15 time but the re-opening, albeit with reduced opening hours (Tuesday to Thursday, 10.30am-2.30pml, was welcomed by many within our community. It took a while for some of our more vulnerable mernbers of the community to feel confident to re-engage with the Hope Centre and Sp2 Café. Greater networking has offered 3 seat at the table with so many different agencies across the City, and we have seen huge progress in truly collaborative partnerships that have been built on pre-existing relationships as well as established new connections with agencies and organisations. The CAP Salisbury Debt Centre is now in its eighth year of operation and continues to provide holistic debt counselling. by helping people to get out of debt and bring them into the supportive safety net of the church community. Thanks to the hard work and commitment of a more than 40-strong team of volunteers, this last year has seen 10 people become debt free. When the pandemic meant that debt coaches were not able to meet clients in their homes, debt-help appointments were conducted online or over the phone. When not meeting face-to-face, the Debt Centre hosted a weekly catch up online, welcoming volunteers and both existing and past clients. However, slnce restrictions were lifted, both the drop-in and life group (bible study) have been meeting every week in the Hope Centre. Throughout the year, the centre has continued to provide practical support through phone and utility meter top-ups
and emergency food shops. In additlon, a new debt coach from City Gate Church has been appointed to work alongside the existing centre manager and debt coach from St Paul's, as part of the vision to build God's Kingdom with the Church across the City of Salisbury. The Debt Centre is operated by St Paul's in partnership with City Gate Church, by agreement with CAP UK and is a restricted fund within our accounts. Thi5 ensures funds given for this specific purpose by individual donors and other churches who partner with us in this work both financially and through providing volunteers are kept separate from the church's general fund5. St Paul's continues to host the Trussell Trust's Salisbury Foodbank (now an independent charity in its own rightl and also the offices of the Foundation for Social Change and Inclusion. Through partnerships such as these we are able to support the work of a number of other local charities who share our vision of restoring hope. c. Radlcal Love The missionary heart of St. Paul's church means that regularly there are a number of individual members of the church who sense God calling them to serve in the wider mission of the church. It is currently St Paul's Church policy that 12.5% of the glving to the Church be allocated to "mission-related" causes and this amounted to £43,251 in 2021. The St Paul's Mission Support Committee IMSCI handles "mission-related" issues on behalf of the PCC and at the end of 2021 its membership was - John Stephenson Ichair), Jacqui Gillan, Liz Pollard, Helen Price, Miles and Liz Thomas, Nick and Petra Randall and Rev Craig Ryalls (Rector). The MSC supports three groups of individuals: Mission Partners- The MSC will usually provide partial financial support to individuals over a fixed period of time, normally three year5. It also arranges prayer support, logistical support and fellowship from St. Paul's Church and its members through dedicated support groups. Associate Mission Partners - From time-to-time the MSC receives approaches from individuals who do not require funding from the MSC, but would value prayer support, logistical support and fellowship from St. Paul's Church and its members. The MSC arranges this type of support for these individuals, as it would for Mission Partners. Short Term Placements and GAP Year placements (either at St Paul's or with other churche51. The MSC provides financial support, prayer support, and limited technical support to individuals on short term assignments Inormally for less than 12 months} and on Christian gap years. The MSC also has a small fund to help all the above groups of individuals who have urgent, specific and short-term needs. It also gives money to local, national and international mission organisations. MISSION PARTNERS Nic and Sarah Arkley- church planters in Vancouver, Canada. Tom and Verity Clare - working with local medical and Church communities in Arua, Uganda Deborah and Sandro Cruz- pioneering arts ministry at YWAM Harpenden. Rachel (Fishy) Nkuutu- working in Jinja, Uganda with YWAM as part of the TORCH programme (Together Restoring Community Hopel. Jess Regnart- working with Freedom in Christ Ministries, based in South Wales.
ASSOCIATE MISSION PARTNERS Andrew and Cilla Robertson - working with Projects Delivering Hope in South Sudan and Uganda. Nigel and Molly Watts- working with Precept Ministries in the UK. In 2021, the PCC, through the MSC expended £47,450 for mission activity, which included the balante carried forward from the prior year. Of this £32,200 was to support our Mission Partners. Grants were also made to local mission organisations including £6,000 to support the Bridge Project working in schools in Salisbury, £1,800 to support the work of Precept Ministfies, and £900 to support the work of Salisbury street Pastors. Grants made to national and international organisations including £2,250 to Open Doors to support the suffering church, £900 to the Bible Society, £900 to Military Ministries International, £450 to New Wine and £1,350 to CPAS. Finally, £600 was given to a member of the Youth Group for a short- term placement. Outside the Scope of the mission committee, members of the church on a personal basis continue to sponsor children in Ghana directly through the charity Compassion. This sponsorship amounts to £28,900 per year and is an example of the impact of the church's ongoing partnership with Compassion. The Church also collects food for the Trussell Trust foodbank, both in our Harvest service and on an on- going basis throughout the year. 2.Financial Review a. Oveivlew The financial picture in 2021 ended favourably due largely to a generous 'grace offering, f rom the church membership combined with savings in staff costings and reduced ministry expenditure. Given the continuing impact of the COVID-19 pandemic this is a wonderful result and we give thanks to the goodness and faithfulness of the Lord and the generosity of his people. The financial year 2021 reflected an improvement in unrestricted general funds (excluding designated funds) of £7,043 which included £882 transferred from the Church Acre endowment fund which was closed during the year. The level of unrestricted funds was also bolstered by the designation of monies previously classed as restricted. This resulted from a donor specifically lifting a restriction as well as funds which the PCC had earmarked for certain projects or funding which were not actually restricted by the original donors/givers, These have been re-classified as unrestricted designated funds and includes a proportion of the monies within the Building Project IEThI Fund now designated as Building Repair and a gra nt reallocated f rom the Safe Haven Fund and designated as Hope Centre. The Mi55ion and Youth Mission Funds are now also treated as a designated rather than restricted funds within the accounts. In total £30,834 was re-allocated from restrlcted funds to designated unrestricted funds. As a result of this and the net income and expenditure movement for 2021 on these designated funds the overall unrestricted fund5 balance increased by £37,706 from £573,283 in 2020 to £610.989 at the end of 2021. 2021 saw income from donations and legacies for the General Funds (including gift aid reclaiml of £433,784 compared to £466,872 in the previous year wlth the reduction mainly due to lower level of Covid support received from national and local government. Slightly higher income from letting helped to offset some of this reduction. Unrestricted Church costs in 2021 amounted to £388,041 as compared to £409,676 in the previous year with the reduction due to lower staff costs. Alongside the general fund, the church maintains several restricted funds to support particular aspects of the church's ministry. The donationslgifts received by these funds in 2021 were as follows CAP Debt
Centre £29,676, Community £2,432 and Safe Haven £1,792. The income reported against Grants and Gifts for Specific Purposes includes £12.500 of grants for SP2. We remain very aware that every pound given to the ministry of the Church is a pound that could have been spent on something else by the giver. We take nothing for granted and are grateful for the faithful generosity of church members. b. Reserves Policy In establishing a Reserves Policy, the PCC agreed that:_ Free reserves are defined as the net current assets held by the General Fund. This definition excludes the value of the loan repayments beyond the end of the following year (repayments from 2023 onwards). To ensure that suff icient funds are available to cover the fluctuations in income and expenditure, the General Fund Reserve target should cover approximately 3 months essential running costs for the following year: for 2021 the target figure 15 £105,000. As of 31 December 2021 the Free Reserves stood at £124,796 which is above the target figure and compares to £84,657 for the previous year end. The improvement is partly due to the movement of funds from restricted to an unrestricted deslgnation. If the longer-term element of the loan was included, f ree reserves would fall to £60,222. c. Penslon Llablllty A liability arose relating to a pension deflcit in the Church Workers Pension Fund. This occurred as a result of the last active member ceasing to be employed by St Paul's in July 2016. As a result a notional liabilitv was incurred. Under section 75 of the Pensions Act, this debt can be deferred. St Paul's entered into a deferred debt arrangement with the Church of England's Pensions Board on 5 October 2021. This arrangement allows for the debt to be deferred over a certain period or in certain circumstances to be terminated, including where the Scheme valuation results in a surplus. To date no request for any deferred payments has been made by the Church of England Pensions Board. d. The Future The trustees have no unceftainties about the charity's ability to continue as a going concern. We are thankful to God for considerable strength in depth across a wide range of ministries, and we continue to commit ourselves to being a biblically based church serving Salisbury and the region. 3. Structure Governance and Management Structure and Governance The governing document forthe PCC is the Parochial Church Council Powers Measure 1956 las amended) and it has been a re8lStered charity since 2009 having previously been exempted from registration. The role of the PCC Iwhose members are also trustees for the purposes of charity lawl is to cooperate with the Rector in promoting the whole mission of the church, which is summarised in the mission statement above. The PCC gather for:. evening meetings, arranged strategically through the year occasional prayer breakfasts on a Saturday morning The membership of the PCC includes the clergy licensed within the parish, the church wardens who are elected annually by the Parochial Church Meeting, members of deanery and other synod5 and members
who are elected for a three-year term of office by the Annual Parochial Church Meeting. Newly appointed trustees are tralned and guided by currently serving trustees. Management and Staffing St Paul's continues to follow a policy of recruiting paid staff onto the Team in the following situations'.- l. Where the ministry is so vital that it demands the continuity that only paid Staff can provide. 2. The necessary skills required are not present in the congregation. 3. The size of a particular mlnistry is larger than could reasonably be expected from a volunteer. Following our organisational structural review in 2020 we bid farewell to our Operations Director and room lettings administrative assistant. In February we recruited a part-time facilities manager117 hrs per weekl and in March we recruited a part-time Finance Manager111 hrs per weekl to ensure financial control and reporting. The remaining operational responsibilities will be shared between the Rector and other members of the staff team, At the end of November Rev Ali Etheridge left as our Youth Pastor to take up a new mission advisory role within Guildford Diocese. Erin Williams, SP2 Café Supervisor left at the end of December to move back to Manchester to be with her family. The church body expresses its huge thanks to all the staff team for their dedicated service and example during the last year. We also acknowledge the contribution that have been made by those who have left the organisation, noting in particular the signi*icant contribution that Rev Ali Etheridge has made to the life of St Paul's during his time on the staff as Youth Pastor. The costs of stafflng are set out in the notes to the f inancial statements - note 11 page 21. The church's key management personnel for the purposes of FRS102 are the pastoral leadership team. This is made up of the Rector (who is not an employee of the PCCI, Youth Pastor, Children's Pastor and Community Pastor. Their pay, alongside that of all employees of the PCC is set by the PCC'S remuneration committee consisting ofthe Churchwardens and Treasurer. The committee draws on it5 members, experience in both the charity and commercial sectors to salaries which reflect the value of work which is carrled out and which wlll enable well qualified Candidates to be able to take up posts. No member of staff is paid less than the Living Wage Foundation real living wage. Each year pay is reviewed in line with nationally published data on the cost of living and national salary trends. 4. Reference and Administrative Details Name and reg15tratlon number The registered name of the charity is The Parochial Church Council of the Ecclesiastical Parish of Fisherton Anger (St Paul), Salisbury. However the charity is usually known simply as "St Paul's, Salisburv" The charity's registration number is.. 1132168 Reglstered Offlce st Paul's Church Fisherton Street Salisburv SP2 7QW Telephone: 01722 334005 Website: www.st aulssalisbur .or
Trustee5 Clergv.. Rev. Craig Ryalls IRectorl. Churchwardens.. John Stephenson lup until he passed away in February 20221 and Denise Turner Members of Diocesan Synod- John Baxter-Brown & John Stephenson Elected Members of Deanery Synod Pippa Bracegirdle, Liz Pollard, Richard Chitty Other elected members: James Burns, Andy Ferguson, Kingsley Fewins, Sheena Gould, Semih Kazali, Claire Lewis, Jonathan Lockwood (from September 20211, Dave Massey, Nigel McNally (from April 20211, Richard Pain, Mike Smith (from April 20211, Matthew Titman, Andrea Walker. Trustees who resigned during 2021, Chris Coyle (Aprill, Rev. Alistair Etheridge (November) and Marion Foster (July). Office Holders Treasurer- Mike Smith (from April 2021) PCC Secretary- Pippa Bracegirdle The foundation governors of Sarum St Paul's School at the start of the year were Rev. Craig Ryalls (Rector ex officiol, James Burns, Camilla Knapman, Doug Ime50n, and Kim Ryalls Standing Committee of the PCC Church Law requires the PCC to have a Standing Committee, and it has power to transact the business of the PCC between it5 meetings, subject to any directions given by the Council. Clergy.. Rev. Craig Ryalls {Chairmanl, Rev All Etheridge lup until he resigned in November 20211 Members.. Andy Ferguson, Dave Massey, John Stephenson, Denise Turner, Mike Smith The Electoral Roll The electoral roll in 2021 held 343 names as compared to 318 names in 2020. 39 names were added and 14 names removed17 deceased, S removed church, 2 names removed due to being ordainedl Rlsk Management Statement Consideration has been given to the major risks to which St Paul's Church is exposed, and these are identified as: Health and Safety of staff and members of the public Fire caused by electrical failure, heating system malfunction or lightning strike IT breakdown and loss or misuse of data Security of Assets and Financial Processes
Employment issues Child and vulnerable adult safeguarding These have been reviewed and systems have been designed to mitigate those risks. Statement of Responsibllltles of Members of the PCC All Members of the PCC are Trustees of St Paul's Church and, as Trustees, are responsible for preparing the PCC'S Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards IFRS1021. The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently • observe the methods and principles in the Charities SORP 2015 make judgments and estimates that are reasonable and prudent State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reportsl Regulations 2008 and the provisions of the Church Accounting Regulations 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Bankers CAF Bank Ltd, 25 Kings Hill Avenue, West Malling, Kent, ME19 4JQ. Lloyds Bank Plc, 38 Blue Boar Row, Salisbury SPI IDA Sollcltors Anthony Collins LLP, 134 Edmund Street, Birmingham, B3 2ES Independent Examiners Mr CJ Fairhall FCCA, Newton Magnus Ltd, Arrowsmilh Court, Station Approach, Broadstone. Dorsel. BH18 8AT On behalf of the PCC Rev. Cra18 Ryalls (Rector) Date: IS.o5.>2 10
ST PAUL'S CHURCH SALISBURY INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 I report on the financial statements of St Pauls Church Sallsbury, The Parochlal Church Council of the Eccleslastlcal Parlsh of Fisherton Anger 1st Paul) Salisbury ftsr the year ended 31 December 2021 which are set out on pages I to 23. Respectlve responslbilltles The charity's trustees are regponslble for the Pparation of the accounts. The charitls trustees consider that an audit 15 not required for thls year under section 144 of the Charities Act 2011 and that an Independent examlnation Is needed. It Is my responsibllity to.. •examlne the atcounts under section 145 of the Charities Act 2011. •to follow the produreS laid down in the general Directions given by the Charlty Commlsslon lunder secrfon 14515llbl of the Charitles Act 2011, and •to stats whether partitular matters have come to my attention. Basis of independent examiner's report My examlnatlon was carrled out In accordance wlth the General Directions given by the Charity Ctsmmi5sioners. An examination includes a review of the accounting record5 kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual Items or disclosures in thè financial statÈments, and seeking explanat¢ons from the trustees concernlng any such matters. The procedures undertaken do not provid& all th& evidence that would be requlred In an audit, and consequently no opinion is given a5 to whether the accounts present a.true and fairt vlew and the report Is Ilmited to those matters set out in the 5taternent below. Independent examinerf5 5tatemenl In connectlon wlth my examlnatlon, no matter has come to my attention. which glves me reasonable cause to believe that In, any material respect, the requirement5 to keep accounting records Sn accordance with section 130 of the Charities Act,. and to prepare accounts which accord wth the accountln8 cordS and comply with the accounting requirement5 of the Charitie5 Act have not been met,. or to whlch, In my opinlon, attention should be drawn in order to enable a proper understanding of the accounts to be reached. C Falrhall FCCA Newton Magnus Chartered Certihed Accountants Arrowsmith Court statlon Approach 8roadstone Dorset BH18 8AT Date 10 gAJ2t Page 11
ST PAUL'S CHURCH SALIS811RY SIATtMENTQF FINANCIAIACTIVITIES IINCORPORATING INCOME AND EXPENSESACCOUNTJ FOR THeYEARENDE03L DECtM8ER 20ZI Unr4strkt¢ 2021 R•strlcted Endowrnèni Totsi funds funds ZD21 funds 2021 ZOZI U¢s¢rkted Restrlcted Endowment Funds2020 lunds fvnd*2020 2020 rottsllunds 2020 Nots INCOMEAND ENDOWMENTS FROM.. Danatlonsènd legades 433,704 16,OBS 49,188 482,972 16.035 466,872 14,517 77.410 544,282 14,547 other tradlng acifvitles.. Letiingincome IDvestmehts 17,25a 57 17,254 57 14.313 114 14,313 384 2nJ TOTALINCOMEAND ENVOWMENTS 467.J80 49,J8J SJ6,368 495.846 77.SBO 573,526 EXPENDITUREON.. 6&7 6&7 28J59 436130 35,126 4Jl,524 3S,12S 5Q6,049 3&54 474.9B4 94,525 TOTAL EXPENDITURE 65,OB9 38,854 501943 446,650 94,525 54J.J75 NET INCOMEI IEXPENDITUREI BEFORE TRANSFEIS 1091 10,334 12,425 49.196 (16.845J 32,351 Transfer5 between Funds 35.615 134.7331 143.5431 43,843 N£T INCOMV IEXPENDITUREI BEFOREGAiris ANO L055ES 37.706 18821 12A25 &353 26,998 32,351 NETMOVEMENT IN FUNDS 37,706 124,3991 Iws 5,353 26.998 33.351 RECONCILIATION OF FUNOS: Total funds broughi forward 573.283 84359 657.524 567,930 55.561 8B2 625.J73 TOTAL FUNDS CARRIED FORWARD (NOTE L71 610.989 58.960 669.9 S73.2B3 83.359 882 S57,524
STPAUL'5CHURtH SALISBURY BALANCE SHEET ASAT 31 DECEMBER 2021 ZU21 202Q Note FIXED A55ETS Tangible 3S5ets 12 SSO,171 563.$26 CURRENT ASSETS Stocks Debtors Cash aL bank and In hand 13 14 Sgs B,255 197,889 206,739 9,147 179,401 189,512 CREOJTOAS.. amount51alllnÈ du¢ wiihln ontytr8r 15 12i38 20,650 ET CURRENT ASSETS TOTALASSETS LESS CURRENT LIABILITIES 184,351 7a4,523 168,862 732,688 CREDITORS.. amounts 18llln8 due èftérmorèthan anèyèar 16 164.5741 {75,1641 NET ASSETS 669.949 657,524 CHARITYFUNDS Endowment fund5 17 17 17 882 83,359 573,283 SBA60 610,989 Unrestrlcted funds TOTAL FUNDS 669,949 657,524 Th&llt)an¢lAI $taiomÈni$ wer•approved bythe fwusteÈ$+)rt and$led onth¢lr behalf, bv.. Rev. Cralg Ryo11s jRertorj The notes on P3Be$ 16 to 23 forrrb part of these financial statements. pa 13
ST PAUL'S CHURCH SAUS8URY STATEMENTOF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER Z021 2021 2020 ote Cash flows from opÈratlngattivltles Netcash provlded by operatlng actfvftles 19 15,8S9 4Z413 CashllDws lrnm Investing actllIes. 57 384 14,2941 Purchase of tBnÉible flxed assets 17,4281 Netcosh used In Investi •ttl¥liles 18.488 38,503 Chat)8e In cash and cashe4ulvalents In the ar Cash and cash equlvalent5 bfought forward IB.488 179,4ts1 38,503 140.898 Cash 3nd cash e4ufvalents ¢arrled forward 20 I9189 179,401 The notes on pages 16 to 23 form part of these financlal statements. P#gÈ 14
ST PAUL'S CHURCH SALISBURY NOTES TO FINANCIAL5TATEMENT5 FOR THE YEAR ENDED 31 L)ECEMBER Z021 ACCOUNTING POLICIES 1.1 Basls ol preparatbon otflnanclal statement5 The PCC Is3 publSt berseflt entity wlthln the meaning of FRS 102. The flnancial statements have been prepared underthe histori¢ c05t con¥entlonwlth Itern5 fEt08ned at cost or transactlon value unless othervAse Started in the relevant notel51 to these accounts. The accounts have been prepared In accordbnce with the Staterrient of ¥tecommended Practice ISORP IFRS 10211..Accountin8 and Reporting by Charities preparingtheir accounts in acCOrdanWIth the Financial Standard applicable ID the UK and Republlcof IrelandlFRS 1021 Issued In 2014 and wSlh the Charltles Aci 2011. These accounts have been prep8red on a Going Concern basl$4s there are no material uncertsinties about the abllity to contlnue. The accounts are shown in Pound5 Sterlin8 1.2 Income All income Is iecognised ot)ce the charity has entitlement to the Income. It Is probabte that the Income will be re1Ve and the amount of Income recelvable can be measurÈd lIably. Income tax recoverable in retIon to donations re1Ved under GiftAidordÈeds of cavenant Is recnIsed ai the tlme of the donation. Iricome tax recoverable In relatlon to investment Incorne Is recognlsed at the tlme the Investment Income Is recelvable. GovernmÈnr8rants are rÈtoenlsed whÈn recÈlved. Other intomÈ 45 recogn15ed In the period in which it 15 recelvable and to the extent the 8oods have been provlded oron cornpletlon of the seke. 1.3 Expethdlturè Expendlture is r@CO8nlsÈd ancè there Is a lÈ8al or Constructlve obllBatlon to transfer economlc benefit to a third party, It Is probable that a tran5ferof Economlc benefit5wIII bE required in settlement alld the amour>t of the obligation tan be measured reliably. Expenditure Is classified byactivity- The costs gf each activityare m8de of the total ol direct costs and shbrÈd costs, Includlng support costs Involved underiakSng each actl¥lly. Dlreu costs ètirlbuiable to a slll8le actlvityaie allocated direalyto that Bctlvlty. Shared costswhich contribute to more than one activity and supwrt costswhlch are nor arrriL)ut8bl& to a slngle actlvity 3re apporligned betweeD those actlviiieson a basis consisienl with the use of resources. CÈntral Staff costs are allocated on the basss ol time spent, and depreciation chargÈs allDcatpd on the portion of the a55eVs use. Fundrai5in8 costs are those incurred in seekin8volunlaFy contributions and do noi Include thecosts¢f d155ernlnalin8 information In support o( Ihe charitèble acrivi¢ies. Supporr cosrs are those costs Incurred dlrertly In 5UPPOrt of pxpenditure on the objetts of the Charityand Include proltrci mana8ernÈnt carried out at Headquarter5. Cost5 018enerating fund5 are costs inturred ID attracting voluntary iThcr*me. and those Incurred In trad ailWitie5 Ihat raise funds. Chailtable actmties and Governance costs arè tost5 incurred on the charIt5 educatlonal operatlons, IncludlnB supporr cost$2nd Costs relalin8 to the 8overThaDce of the charity apporliDnÈd to charllable acrivllles. 1.4 Tanglble flxed assets and dtspreclatlon A rewiewfor impalrment of a fiyed asset Ss c8rrSed out If events or change5 In clrcurn5tances indicate that the carrylng value af any fixed asset may ntst be recoverable. Shortf3115 betweÈn the carrying value of fixed assets and their recoverable amwnts ère reco8nlsed a5 imp21rments. Impairment10sses are iecogoised In the Statement of financlal actlvltles. Tangible fixed assets are tarried at cost. net of dtpreclallotl and any provision for impairmenl. Depreciation Is not charged on freehold18nd. Depreda0 Is provided at rate5 calculated towrite off the cost of fixed assets, less theire5tlmèted rEsidual value, over thelT expected useful lives on the followlng bases.. General eoulpment- 20% 5tralght Ilne Computer eqvipmeni- 33% straieht line Car park Imwovement5- 10% siialght Ilne 1.5 Interest recelvable InterÈston fvnds held on deptsslt Is Sncluded when recelvable and the amount can be measurpd rellably by the ch3rlly,' thls Is normal upon notiflcatlon of the interest paid or payable by the bank. Pale 15
ST PAUL CHLIRCN SALISBURY NOTESTO FINANCIALSTATEMENTS FOR TNE YEAR ENOED 31 DECEMBER Z021 ACCOUNTING POLICIES Icontlnuedl 1.6 Stotks srocks are valued at the lowerof tost and net realisable value after maklng due Èllowance for ob5Dlete and slow-moving stocks. Cost Includes all dlrett costs and approwlate proporiian of fixed and varlable overheads. 1.7 Debtors Trade aro other debt0 are recognSsed at the settlement amotsnt after anytrade dlscount offered. Prepayment5 arevalued at the amount prepaid neiof any trade dlscounts due. IA Cash at bank and lfi hand Cash at bank and in hand indudes cash and shortteim hSghly Ilquid invÈstments with a short maturity of three months or less from the date of acqulsitlon or opening of the depDSIt or 5imllar acCOnt. 1.9 Llabllltle5 and provlslons LlabilltSes are recogni5ed when there Is an obllgatlon Bt the Balance sheet d3te as a result of a past event, it is probable that a transferof economlc benefit wlll be requlred in settlement. and the amount of the Settlement can be Èstlmated rellably. LlabllStles are recoÈnlsed ai the amount that the charlty anticipates it will pay to seitle Ihe debt or the amount it has recel¥Èd as advanced payment5 for thegoods or servlces It must provide. ProvlsSons are measured at the best estimate of the amounts required to settl& the obll8ation. Where the effect ol the Ilme valueof money is material, the provision Is b3sed on rhe present value of Ihose amounts, dlscounted at the pre-tax di5couni raie that refl1$ the rSsks specific to the Ilabillty.The unwindlnÉ of the discount Is recogni5ed withln interest payable and simllar charges. 1.10 Flnanclal Instruments Instruments are Snltlally reco8nlsed at Iran5actlon value and subsequently measured at thelr setrlement valuewith the exception of bank loan5whlch are subsequently measure(J at amoriised cost the eflettlve Interest method. 1.11 The charlty operatss a deflned contribution pension scheme and the peDSiW char8e represents the aMnts payable by the char5ty to the fund In respect of theyear. 1.12 Fund accountlng General funds are unrestricled [n5 whlth are available for use at the di5crÈtion of ihe Trustee5 in furtherance of the 8ener81 objective5 of the charity and whlch have not bÈen designated for other purposes. Deslgnared fund5 compr15e unre5tritted fuDds that have been set aside by theTrustees for partlcular purpo$es. The aim and use of each deslBnared fund is 5Pt out In the note5 to the financial 5tatemeni5. Resilicted fund5 are funds whlch artr to be used In accoidance wlth 5petlflt restrlctbns impD5ed by donors orwhlch have been ralsed by the ch3rlty for partlcular purposes. The costs of rai55ng and admini51ering such fund5 are charged aEaSnst the 5peclfit fund. The aim and use of each resrrScted fund 15 set out in the notesto the financial 5tatemerits. 1.13 Tax Status The charity b not Ilable fortorporation tax as tradin8 incorne falls belowthe relevant threshold and Is also below the VAT threshold, whlch means it does not ch3rgeVAT, bui Is also unable to reclalm VATon purchase5. P48E J6
STPAUL'S CHUB£ SALISOUR¥ Nt)ffS TO FINANCIALSTATEMEIITS FOR Ta¥YEAR ENDEDJI DECEMBER 2021 IIKOME FROM DOMTIONS, LEGACIESAND GRANTS Unrestrlrted R•5trlrtèd lunds Z021 fund$ ZOZI Unfestrlcred Re5tlT(tedfvnds Totolfupds yund5 3020 2020 2020 2021 Taxe111entleeral8ng 282,755 59.728 3,441 282.755 59,728 3.442 850 290,500 55.150 3,702 215 29L075 55.140 3,701 ctslle£tlonsatservlEeS 00Tr3¥on ltsr Covld 19 300 1,463 23,295 L623 26.563 Iftslor bvSldln8 proJECt G1ft5forCAP Gllts Iof commtsnlty 1,180 1,18Q 21675 1.463 21295 1.673 26,563 20.675 141,292 6,250 528 2,150 14,292 6,250 528 2.150 ,eoi Grant foi CAP Granrforcummtsnlty GlltsandgraDt5 lof5ptt1llcpui5¢ GfantforSP2 1,914 9,975 J.914 9,975 16M02 51,600 65.433 51560 65.433 2,196 140 To¥re¢ovored-rtenerè58lvlD8 Taxrecovered othÈrllht 191 Tax Tecovered- buildi project Tax iecovered-community Tax recovered- 5peclfk purpD5es Tax recovered -CAP 69,422 69,422 2.098 140 15S 155 250 250 638 2,751 2.751 2.719 1719 433,784 49.188 482,972 466.872 77,410 544.2k3 ANALY5150F INCOME FROMCHAftITAgLE ACTIVIIIES8YTYPEOF IKOME Unrestrkted Aeslrlcied nds Z021 fund$ 2021 Total lunds Uftre5trkted Re5rrlrtedfund5 Totoliunds 2030 2020 2020 SP2 wffeeshopsale Staiuloryfce retÈl¥ed chIre5 Jnd youthw<jrkre1pI1 7.691 2,208 2,D32 754 3,40D 7.691 2.208 2,032 754 5,921 2,773 1.818 393 3.612 5,gZI 2,773 1,8lk 393 3,612 ConlerencÈS, events ar club5 Mlnl bushlre I&OBS 16.085 14,54? 14,547 LeTFIIIGS INCOME Unr4Strfeted Remilrted lunds 2021 fuThds2Q21 roialfunds ilnre5tri£ted Restrktedfvnd5 Totslfvmds 2021 ds2020 1020 2020 ChÈttt¥ lettln8lncvm Church,£hvrch cenrie and SP2 17,254 14,313 J4,313 IWESTMENT INCOME Unre5trfded Resiilcted lunds 1021 fvJfyds2021 Unre51rlcted fte5trlctedlunds Tolol[und5 fvnds 2020 2020 2020 2021 Ith¥estment 57 sy IJ4 270 384
STPAUL'S CHURCHSALISBURY NOTfS TO FINANCIALSTATEMENTS FOR THEYEAR EPIDE031 DECEMPER201J ANALYSISOF EXPENOITURE Unrestrlcted Restilttè Fund5 2021 fund$2021 Totalfunds 1021 Unre5trk¢ed Restrkted funé52020 fvnds2020 Totollut 2020 48.089 388,D41 28.954 3,620 35.234 51,709 423.27S 28,959 L848 409,676 35.126 49.057 45,468 So,5 455.144 35,126 Churth ¢osts LettgempE525 465,069 38,854 503,943 446,650 94,525 541.IF5 (HUR(H COSTS UTrrestAcled Restwlcted Funds 2021 Fnd 2021 Totallunds 2021 U1$[1ctÈé Restrfctedfvnd5 Torolfvnds Funds2020 2020 Safe HpYEn CAPeipen5e5 SPZ Calécosi ol sal?5 gulld1r proSect Pari5h5hare 3,9C 29.266 3,9)9 29,266 5,286 I,S06 9S,200 I,246 474 1,910 4,108 223 215 3,159 36,a65 3.IS9 3A362 4.56J 197 4.561 5,286 1.5 95,2 190,246 474 1.glQ 4.IOB 223 2,515 Ll.llOI 1.653 5.277 18.599 12.905 ios Il25 21.083 1700 95,300 231420 2.25J 1,123 2,150 205 456 8,438 4.840 4,3 11,9 13.492 J,225 7,258 20.686 221420 Commurdtyrnlnlstryandoutreach Youthwork Children's work Aduli rnlnl51ryaDd cour5e5 Conferences ond evont5 and¢lub5 Stsff ÈxpensÈs and tralnknE Churrh SerceS 2,251 I,J23 2.ZS0 205 13B 8,438 4,840 4A33 11.900 J3,492 1,225 7.258 20,686 1,653 .277 10,599 12,90S 1.105 12,250 Rep4lrs and m4lntonantè Mlnl busexpense5 Depreclatlon 2.700 2,OS9 COV 19 eAtn5È$ 2,059 1030 3.855 5.885 388,041 35,234 413.275 409,676 45,46k 455,144 Vn-r@5trlited Rtstrlttsd Funds 2011 Fund 2021 Total luhds 2011 Unrnsrfkted Reslriciedlunds Totullunds Funds 2020 2020 2020 Contie ttIn$ Èxpenses 18,959 28,959 35,126 35.126 thariiyleitlni expeTr5es relate iothe propDrilon oftht s&E5, repai15 maIntence, Insuianceand ulllltlescosts ittiibutstleto the hiDnEof surplu5 capacltylnthechurch buMdln8Stoexternal users.
STPAUL'S CHURCH5AIISOURY OTESTOFINANCIAL STATEMENTS FOR TTrIEYtAA ENDED31 DECEMgERIOII AtL MISSMJN GIVINGANDGR4pifs - EXPENDITURE Un restllrted Restrided fvnds2VIZ Fud% 2021 Totslfund5 2021 Unffe5tTkted Re5trictedlund5 fDtollund5 Jund$1020 2020 2020 M15slon a1hcatedgkn8 Ddnatlons outwards 47.Y50 339 47,7SO 3,959 46,691 2,366 46.691 4,2J¢ 3.61D 1,848 4tt.OB9 1.62D I,Y09 LB4B 49,057 So,5 NETINCOMtlIEXPEN7vRE> lhIS5ttEdafterchatlnK'. 2021 2020 D?LYecL3ttun ol t4leAd355ets.' owned bythÈcharlty 21083 20.686 io. INDEPENDENf*MMINER'5 RENUNEKiYlOt4 The independeni Exarniner'5 remuDeratK>n atnounts toan Independent Exérnlnarfon feeof £750 plus VAT12020- £750 plus VATI. and xcountancy5eCe5QI £1,500plu5VAT11020-EI,SOO plu5VAI). ii. Ants1¥$01 siaff£osts 2021 2020 5alarlos4ndwa8eS Soclal securllYCOSts Penslan105t5 191261 9J?11 10.765 317,967 12,336 12.695 1.676 2179 244,674 IAveriEe Staff nurnber5 1212D20..131 NoernpW25 recelved reMUnra0nar benellt5 olmure thall £60,000 P¥0)
STPAUL'S CHURCHSALISBVHY NOTESTOFif4ANCIAtsrAIEMENTS FOR THE YEAR ENOED ai DEtÉMBtM2021 TANGIMiE FIXEDASSETS Ft*htsld operty Mlnl bus Flxtures and Equlpment IlttlThE5 Car park knprovemÈhts Total Cost Atl lahuèty 2021 Additions At31 December 2021 525,000 I,D 162,6q5 2.515 165,160 53,432 4.913 $8,345 42,581 784.658 7,128 79&Q8S $25,000 4I5BI At I lanuaty 2021 Cha0 lorthoyear At31 December 2021 141.958 13.79 155,7SO 51,495 2.B33 $132B 26,979 4.258 3L237 220,852 21.083 241,915 20D 60D Not bosukvallre At31 Detembei 2021 At31 Dember2020 5>5,OU 535.000 9,410 20.687 4017 1.937 11,344 15.602 SSO.171 553026 600 Th¢freehrld properiyT5 resp1 of the Chvrrh Centie lkncatEdan thÈ 5amE sltèasthechurchl and ISg- ISI FI$tOnsIreeI ISP21. Thevalue Df the Chuiihcehtrt hès been estlrhatedon an 'ln use. ba5. il. Stod¢s 2030 Goodsforre5J 595 14. DEBTOR5 2020 Prèp3yrnents andac<rued Income Taxr8coyeiabl 5,452 2,803 3,733 8,2S5 9.147 15. (REDrroRS.. Arnoun15 lalllngduEwlthlv OfyEyeat 2021 2020 OtrIOaS 10,560 11.817 5,380 J5.370 22,397 20,650 011 Ioansls an Interestfe loan. and s¢cwed4aln5trheChurch Contre. 16. UIEDITORS.. Amounts lalln¢ther Morethan Dn0 Year 2021 2020 orhei Iiws 64.574 64,574 75,164 75,164 Theloory15 an intere5tfrEe103n and repayable overa perlod 0113 year£.from 2015. iiwa5used torepaythe mortgagewlth TIlDdoS Bènk and Is secured aBalnsi ihe Chui¢h Cnire. Forthellrst6 months 012011 thE Churchwas glvena paytllent hollday. From October 2O20the laan£an bcalled3t any tlme 5ubloittoa twelve monthshotlce perlod. pwlQ
NOTES TO INAI4£IALSTATEMENTS FOR THE YEAR ENDED31 DECEMBER 2021 17. STATEMENT QF FUNDS STAIEMENTOF FIINOS - CURRfNEYEAR DDlan¢e at i JanuBry 2021 Income E¥penrtllur• Tr4TrsfÈrS Inlout Decembei 2021 Un¥esi¥lrted lunds 573,2B3 465.545 1413691 47.150 1.665 5,473 23.696 3S.615 S8D,326 Oe51inated Fund5- Mlsslon Fund - Yourh Oversea5 M155 147.4501 1.665 5,302 23.696 610,989 1,335 11,S061 Hope ¢entre S73,283 467,180 1465,0891 Ethdowmentfunds EndowmeDtfuDd5 882 Aèstrktedfvfids MISSlon Fund Clvnmuniiy Fund CAPCentre Fund 3.899 5.124 16,626 12.104 31.482 12,459 1,665 B3.359 13.8991 2.432 29,676 12.OS91 5,497 17,036 E,631 5,669 24,127 15.4731 123.6961 Salo Haven Fund 1.792 15,288 Youth Owseasmlssbn 49.ISB 38.854 34.733 58,960 Tol41 of lund5 657,524 516,368 1503.9431 669,949 Fun4 deta115 Gweral Fund- thls15 Ihe maln fundof PCC and th2rels norestrlctl<Jn on Its use. thciran51er k%thedon4tnto the Mi59on FundiTrlE43,25J and the Small 11051nKbakncefrom the(hurchkreTtU5t. Chur<hAcfeTNst- Endowm?DtFund-The5eJie I5tht b0810thchurchVe Chlrlty, Thlstharliv leslablshed clrca 17901 holds freehdd &ndon whlch hou5e5 have been bullt, and s a cThnseouence.èsmèllÉround lent Is paydble byeachoccupanr. PerlodIcala Ireehold15 soldand the proceeds addEd tDthe(atZl hEld by theTIu5t. The teim5 DIthE Trn5t reguke thatlhe In¢orne11.e. dewsifinierest and ground rentslcan bo u5od lar Church ropalr5. Theendowmeht fund CeaSpddui1n8 ther an thesrnall bèlèKewas iranslerred lo the8eneral fund. MI5 FuDd- thbfund re[e5a tlthe of 12.5% of Voltsntary Incotne le%dudlThg &tA tax rÈtOveryl tether¥th illts foi speclfled mL%sknn be¢[drIes. Thedeialled alhcatlon ol rherotal ol non-5pecifled gifis 15 recrnended bythe Mi55Ksn SuppDrtCommitteeand approved by PCC. The iransferlsthe 8ener31 funds donaiion ¢0 ihe MIS0 Fund. In pre0$ years ihe fUndw¢10ssI11ed asa restricted fund, butthetru5e5 h4ve coDcluded th th 15 no loDeer?ppropriatea5 noDeollhe iurient fund5 were sublt tDstr1[t1Dh5VknEn ieteived. CommnIty Fthnd-Fundsretsl¥ed to meetspedllc needs olthosewhoourcon)muntty pastoi1$ 51VPOrtlnB. CAPcentvefund- Thls restrlcted fund Is lQSUPPQtttho oliho 5allsburyCAP Debt Cenlrewhlch15 ho51ed by 5t Paul'son behalfDlchurche&4cr055 14llsbury.AlldonatlOll5 tothe centieare rnalntalnedwlthln ihSsfuTrdwhlch Is used iocovei siallc05ts andoperat4onal eKp2nse5. ulldlDEfuTrd- Thi5 lundw35e5tab1hed t05UPPOrtthechurch'5 bknildlnE5. In prewou5 yearsthewhole fund wa5 6lfIed a5 a re5tTKted lund. Ilie tNsteeshave Concled Ihat thL415 no longerapwoprlaie as lentdonatIonS are not sut4ect tothe restrictlon. S¥ Ha¥n Fwd- Ihls lundwasestabllshed tosupport thechurch'swork ¥thihose who hb¥e sullered from abJstorlraumatic¢xpeilence% Ourin¥theyearlhedonorreiwYedihefe51rlrtion on the luDd54nd the trustee5 haye now dESIgled the luThds tothe Hope Centre. 6rnntsftsrSpe£lfl¢PuYposes -Thls lund Is used to ensure that mDneyrocefved asgyants lorspocllled purposes Inone flnanclalyearand not exynded uniii ihe lollowlng yearare kept5epar?i¢lyfrorn ChUrth.5gerI lund5. Youth Oversea5 MSsslon- Th15 fund coTrtaln5 lund5 ialsed 105UPPOrtYouth OVQT5ea5 m555lon thaiw¥s noi expendedon the expedition to Goa. Theywill ber2taitk2d in è re5trictedfund to support a plannedfutureexpedlllon. pè Cer*tie- The ¢bnoi olihe iosfflcied Break-throu8h Trayrna doDat4on ronwvedihere51rlciion durln8 ihe yearaDd ihe iiu51ee5 have now dosigD41ed the lynd5 l0the Hope tentre. Pw21
ST PAUL'S CHURCH SAL15BURY NOTESTO FINANCIALSTATEMENTS FOR THÉ YEAR ENOED 31 OEceMBER 2021 5rA[EMEIOFFurlu5 - PRIOR YEAR BulLTtice (Itl Junvory2020 &JlGn¢eut31 DeccmbeY3030 Expendiluffe rran5ler5 Unre5tlKtsdfund5 GenerolFUnds-olllds Endobvmentfunés EndowJTrentlunds 567,930 495,846 1446,650J {43,843J 573.283 882 882 Re5tiktedfunds M1551onFiJnd 6A47 300 11362 2S,713 2.148 26.563 10,59rf 14&6911 18.lJ6J 136,0651 41843 3.899 5,124 16,626 13.104 31481 11459 1.665 63.359 CAPCentre Fund BtsiIdingProlert(E} SGleHowenFund GiaTrisloY5pecJfvpurposes Yotsrh Overseosmisslon 26378 9.956 5,078 2,359 1.665 56,361 111591 f494J 77,680 194,5251 43,843 TrtoloJlunds 5.173 573,526 541.175 657.524 ANAIY$15 OF NEfASSEtS B*TWEEN FU14DS ANALYSIS OF NET ASSETS NETWEEN IUND5-CIJRRENTYEAR Unlq5trlrtid Rè5trlrt•d Ehdowment Totalld& Funds2021 fund5 1021 lurAlslD21 2021 Tan816fiXed a55els 55Q,171 147.779 550.171 206.739 58.960 treditot5 dueWthlnoThEbtar Credi101s dueln rnorothan one wr 164,5741 610,989 S8,960 669,949 NAiYSL50FWETA55ET58ETWEENFUNDS- PRIOR YEAR Unte5tricted Re5trttted Eythvment fotulfunds Fund5 3030 fvnd5 2020 2020 2020 Tvnglbleylxed055ets CtsiTentossets CreditOf5 due wthpnoneyeor Cr8dlEof5duelftinorethunoneyEffT OlJJerence 563,826 105.371 {2Q6501 (YS,164? 563.826 189.5J2 [20,6501 175,1641 83.359 573,283 83,3S9 657,524
STPAUL'S CHURCH5AI15BURY NOTE510 FINANCIALSTATEMENTS FOR THEYEA%iENDE031 DEIEMBER202L 19. RECONCILIATION OF NET MOVEMEWTIN FLSNDSTO NETCASHFLOWOPERATING ACtIVITIES AtIAI¥SISOF NET A55ETSOÈTweEN FUND5-CURff ENfYEAR 2021 2020 Nel lexpeDdltUTeifincDmEforthe yearlJ5 perstatetnentof FINnclal ActilieS1 IZN25 31351 0epreclJin£hrge5 21,083 20,686 13841 IIKrea&olldocre3SÈ In Stocks Ilncreasel/docrea5e debtor5 IhtrÈaseAde¢rea5el In credltor5 369 892 1,154 111.2801 etcDsh proded byop¢iwtlniA¢tleS 25,859 ANAYLYSIS OFCASH ANDCASH EQUIVALENTS 2011 1020 Cash ITh hand 197,889 179.401 TDtsI I9785 179.4OJ XI. REIATED PARTY TAANSACVIONS No ttustee iecefved rernuner4rlonarePEnsÈs fttthdiworka5tlU51ee% Two trustees and one ronDeciEd person re1¥ed renwneratloD l[om the Pccas authcrlsed byS311I of IheParwhW CiyJnÈlls (Powers) Measure 1856. Thetotal pa1$ madelo relpted part1e5Wa5£503g dudneth¢year4nd nonewas outstsndlng at the yeareDd. AN5r¥lrEthcrfdge wA%an ex-offlckn rnembe[ olthePCC a5 a memberof theclÈrgyllcensed tothE paT15hup 111 No¥embeF 2071 when he rnovedto anDth2rchtstch. Hewas remunerot2d onfOrhI$wOrk asyouih pa5torupto hlsdepaiture. Nlchda5 B4kerwa53n eX-Dfllclo memb¢i ol ihe PCC a5 a eMbe10t the Sèlburydioce5an sd up to hls lea11ThJanUary 2021. HewasrpmuDerated Mrs Klrn Ryalls IstheViSletsf Rev Cra18 Rya115 ey-Dfnck>rnen*ertrlthePCC as a MeMr01 theclerEY1icEn5ed to the pdrfshl.she IS¢M0ved as ppri. time mana#eroI SP2 Cale and HopeCentrÈ. Kerry Badgei W15 employed as4 CommUnilyPa5torasSt Paul'swa5abo a tru5te2olTrauma Breakthiough Ltd. l<harityno. 115OSOBland Df Mtsinlng Starl5alL4buryllch3rlty no. 1094618ldurln8 2021.TheiewerB nofinèncoltr3nsxtlon5 belween St Paul'5 3nd +Aorning Starlsallsburyl durlng 2021. Durlng 7021 É15,290waS pald over by Sl. P4ul'5to fr3Utna Breakthrough iofund group and indlvldudltherapyfoy Indlvkluals aitendins ourHopeCentrÈ. ThÈsÈm0nSWere lunded by4 giant iecÈNed bya foundaiioD WhhwIShes to rernakn anonymous. However. Tr?uma Breakthroughweie unable to recwll o Iherapi5tforthlsworkand returDed £23,696whlih Was the odglDal rnonoyloss costs Incurred Ih the desl8n. development and plannlnEof the pIDIECtéswellas In applyingforfund5and In Ivlngto recrulr. The or8an55atlon whSch proded theoiwnal 8raDLhass4ld that St. Pauls mayuse the lundsio pu5111yElrpaIttheI1vE5 Df people we Se In another way and as a result the PCChaveplaTrd theni In a del8nated fund called Hape Ctntrt. p¥¢13