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2022-12-31-accounts

Page
Trustees'
annual
report
Independent
examiner's
report
to the trustees
Statement offinancial
activities
Statement
offinancial
position
Notes to the financial statements 10
The following
pages do not form part of
the financial statements
Detailed statement
offinancial
activities 25
Notes to the detailed statement offinancial activities 27

Office Name Re-election date Re-election date
Ex Officio Members
Incumbent Rev Geoff Sowden (retired Jan 2022)
Incumbent ln Vacancy n/a
Curate Rev Emily Swinerd (left October 2022)
Churchwarden Mrs Pam Linfield 2023
Churchwarden Mr Phil Sapwell 2023
Deanery. Synod Rep Mrs Helen Weaver 2023
Deanery Synod Rep Mrs Bobby Bailey 2023
Elected Members (elections are fora three-year
term)
Member Mrs Julia Bishop 2023
Member Mrs Helen Weaver 2023
Member Mr Peter Croton 2023
Member Mrs Bobby Bailey 2024
Member Mrs Jill Elbourn 2024
Member Mrs Ruth Huband (Safeguarding Officer) 2024
Member Mr Stephen Fasham (PCC Treasurer) 2024
St Michael's
Church
is situated in Lechlade Road, Highworth, near Swindon. It is part ofthe Diocese
of Bristol
within
the Church of England. The correspondence address is Church Office, Vicarage
Lane, Highworth, Swindon, Wiltshire SN6 TAD.
The PCC is registered with the Charity Commission
(registered
number 1132544).

Statement o
Year ended
f Financial Activities
31 December 2022
f Financial Activities
31 December 2022
2022 2021
Unrestricted Restricted Endowment
funds funds funds Total funds Total funds
Note
Income and endowments
Donations
and legacies
4 150,717 5,497 156,214 209,355
Charitable
activities
5 17,224 17,224 15,346
Other trading
activities
6 2,808 2,808 518
Investment
income
7 1,135 454 1,589 966
Total income 171,884 5,951 177,835 226,185
Expenditure
Expenditure
on
charitable
activities
8,9 169,131 33,576 202,707 203,242
Total expenditure 169,131 33,576 202,707 203,242
Net (expenditure)/income 2,753 (27,625) (24,872) 22,943
Transfers
between
funds
(500) (4,500) 5,000
Other recognised
gains
and losses
Coal Fund investment
gain
(432) (432) 915
St Michael's
Church
Fabric
Fund investment
gain
(2,079) (2,079) 2,274
Inglesham
Church
Fabric
Fund investment
gain
(665) (666) 375
Net movement
in funds
2,253 (32,125) 1,824 (28,049) 26,507
Reconciliation
offunds
Total funds brought
forward
36,580 74,732 29,369 140,681 114,173
Total funds carried forward 38,833 42,607 31,193 112,633 140,681

31 December 2022 31 December 2022
2022 2021
Note
Fixed assets
Tangible fixed assets
Investments
15
16
19,164
31,193
19,995
29,369
50,357 49,364
Current assets
Debtors 17 12,641 32,779
Cash at bank and in hand 56,923 69,136
69,564 101,915
Creditors: amounts falling due within one year 18 7,288 10,598
Net current assets 62,276 91,317
Total assets less current liabilities 112,633 140,681
Net assets 112,633 140,681
Funds ofthe charity
Endowment
funds
31,193 29,369
Restricted funds 42,607 74,731
Unrestricted
funds
38,833 36,581
Totalcharityfund s 20 112,633 140,681

Unrestricted Restricted Total Funds
Funds Funds 2022
F
Donations
Planned
giving
84,417 84,417
Tax recoverable 19,806 2,459 22,265
Open plate collections 1,612 1,612
Collections and donations for mission 13,220 13,220
Other donations for church purposes 12,516 690 13,206
Grants
Grants 30,944 (10,872) 20,072
Contributions from other churches 1,422 1,422
Government grant income
150,717 5,497 156,214

Year ended 31 December 2022
4. Donations and legacies (continued)
Unrestricted Restricted Total Funds
Funds
f
Funds
f
2021
f
Donations
Planned
giving
73,054 73,054
Tax recoverable 18,037 1,016 19,054
Open plate collections 788 788
Collections and donations for mission 6,559 6,559
Other donations for church purposes 10,117 47,923 58,040
Grants
Grants 45,280 45,280
Contributions from other churches 4,580 4,580
Government grant income 2,000 2,000
153,856 55,498 209,355

Unrestricted Total Funds Unrestricted Total Funds
Funds
f
2022
f
Funds 2021
f
Church Room rents 2,108 2,108 330 330
Church hall rents 9,119 9,119 6,319 6,319
Wedding and funeral fees 5,997 5,997 8,697 8,697
17,224 17,224 15,346 15,346

Other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022
f
Funds
f
2021
f
Fund raising 2,126 2,126 232 232
Floodlighting 682 682 286 286
2,808 2,808 518 518

investment
income
Unrestricted Restricted Total Funds
Funds
f
Funds
f
2022
f,
Income from listed investments 722 413 1,135
Bank interest receivable 413 413
Building society interest receivable 41 41
1,135 454 1,589

InVeStment
inCOme
(continued)
Unrestricted Restricted Total Funds
Funds Funds 2021
f E
Income from listed investments 550 369 918
Bank interest receivable 5 5
Building society interest receivable 43 43
555 412 966

Expenditure
on
cha ritab le
activities by fun
d type
Unrestricted Restricted Total Funds
Funds Funds 2022
E
Secular charities 3,130 10,416 13,547
Youth project 9,353 9,353
Ministry 81,067 81,067
Church
running
expenses 15,153 15,153
Church maintenance 1,182 3,815 4,996
Upkeep ofservices 2,704 2,704
Church
hall
11,789 11,789
Uicars expenses
Church
room
597
10,523
597
10„523
Major repairs 19,345 19,345
Other clergy expenses 835 835
Moveable
furnishing
and equipment 831 831
Curate's accommodation costs 10,539 10,539
Support costs 21,428 21,428
169,131 33,576 202,707
Unrestricted Restricted Total Funds
Funds Funds 2021
E
Secular charities 3,035 6,859 9,894
Youth project
Ministry
19,842
81,532
19,842
81,532
Church
running
expenses 13,851 13,851
Church maintenance 1,281 1,281
Upkeep ofservices
Church
hall
1,773
6,298
659 2,432
6,298
Uicars expenses 1,860 1,860
Church
room
4,471 4,471
Major repairs 10,879 15,136 26,016
Other clergy expenses 870 870
Moveable
furnishing
and equipment 831 831
Curate's
accommodation
costs 13,200 13,200
Support costs 20,864 20,864
180,587 22,654 203,242

Activities
undertaken Grant funding Support Total funds Total fund
directly ofactivities costs 2022 2021
E F F
Secular charities 13,547 13,547 9,894
Youth project 9,353 9,353 19,842
Ministry 81,067 81,067 81,532
Church
running
expenses 15,153 15,153 13,851
Church maintenance 4,996 4,996 1,281
Upkeep ofservices 2,704 2,704 2,432
Church
hall
11,789 11,789 6,298
Vicars expenses 597 597 1,860
Church room 10,523 10,523 4,471
Major repairs 19,345 19,345 26,016
Other clergy expenses
Parish office
835 17,169 835
17,169
870
16,664
Moveable
furnishing
and
equipment 831 831 831
Curate' s
accommodation costs 10,539 10,539 13,200
Governance
costs
4,259 4,259 4,200
180,448 831 21,428 202,707 203,242

10. Analysis of sup port co s ts
Parish office Total 2022 Total 2021
Staff costs 13,516 13,516 12,915
Communications and IT 1,465 1,465 1,385
General office 2,188 2,188 2,365
17,169 17,169 16,665
11. Net (expenditure)/income
Net (expenditure)/income is stated after charging/(crediting):
2022 2021
Depreciation of tangible fixed assets 831 831
12. Independent examination fees
2022 2021
Fees payable to the independent examiner for:
Independent examination ofthe financial statements 3,960 3,960

Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2022 2021
P
Wages and salaries 13,516 12,915

Tangible fixed assets
Land and
buildings Equipment Total
F F
Cost
At 1 January 2022 and 31 December 2022 16,873 63,558 80,431
Depreciation
At 1 January 2022 60,436 60,436
Charge for the year 831 831
At 31December 2022 61,267 61,267
Carrying
amount
At 31 December 2022
16,873 2,291 19,164
At 31 December 2021 16,873 3,122 19,995

Investments
Listed
investmentsf
Cost or valuation
At 1 January 2022 29,369
Additions 5,000
Other movements (3,176)
At 31December 2022 31,193
Impairment
At 1January 2022 and 31 December 2022
Carrying
amount
At 31December 2022
31,193
At 31 December 2021 29,369

Debtors
2022
f
2021
f
Prepayments and accrued income 1,600
Other debtors 12,641 31,179
12,641 32,779
2022
f
2021
f
Accruals and deferred income 7,288 10,598
19. Government grants
The amounts recognised
in the financial statements
for government grants are as follows:
2022 2021
Recognised in income from donations and legacies:
Government grants income 2,000

Analysis
of
charita ble
funds
Unrestricted funds
At Gains and At
1 Jan 2022 Income Expenditure Transfers losses 31Dec 2022
E
St Michael's
Church General
Fund (7,125) 164,823 (158,309) (611)
St. Michael's
Church Fabric
Fund 35,271 12 (500) 34,783
StJames' Church
Fabric Fund 1,200 1,699 (1,504) 1,395
St. Michael's
Church
Hall
Fund 4,870 4,169 (8,367) 672
St. Michael's
Church
Flower
Fund 514 150 (176) 488
Highwoth
and
Hannington Bell
Fund 505 390 (470) 425
Inglesham
Church
Churchyard 1,345 641 (305) 1,681
36,580 171,884 (169,131) (500) 38,833
At Gains and At
1 Jan 2021 Income
E
Expenditure Transfers
E
losses
f
31 Dec2021
St Michael's
Church General
Fund (2,193) 165,929 (171,683) 823 (7,124)
St. Michael's
Church Fabric
Fund 35,268 35,270
StJames' Church
Fabric Fund 1,888 121 (809) 1,200
St. Michael's
Church
Hall
Fund 7,657 3,293 (6,080) 4,870
St. Michael's
Church
Flower
Fund 540 267 (293) 514
Highwoth
and
Hannington
Bell
Fund 1,250 572 (1,317) 505
Inglesham
Church
Churchyard 1,659 91 (405) 1,345
46,069 170,275 (180,587) 823 36,580

Restricted funds Restricted funds
At Gains and At
1 Jan 2022 Income Expenditure Transfers losses 31Dec 2022
F F
St. Michael's
Church
Mission
Fund 8,663 41 (5,000) 3,704
Miss Mary
Hambidge's Will
Coal Fund
(Income) 7,311 413 7,724
Clintons
Gift
Grants
Other Restricted
Donations 24,726 16,369 (10,416) 500 31,179
Friends ofSt.
Michael's 34,032 (10,872) (23,160)
74,732 5,951 (33,576) (4,500) 42,607
At Gains and At
1 Jan 2021 Income Expenditure Transfers losses 31 Dec 2021
P E E
St. Michael's
Church
Mission
Fund 8,621 42 8,663
Miss Mary
Hambidge's Will
Coal Fund
(Income) 6,942 369 7,311
Clintons
Gift
Grants 822 (822)
Other Restricted
Donations 22,944 11,247 (9,465) 24,726
Friends ofSt.
Michael's 2,969 44,252 (13,189) 34,032
42,298 55,910 (22,654) (822) 74,732

Endowment fund s
At Gains and At
1 Jan 2022
f
Income
f.
Expenditure
f
Transfers
f
losses
f
31Dec 2022
f
Miss Mary
Hambidge's Will
Coal Fund
(Capital) 7,750 (432), 7,318
St. Michael's
Church Fabric
Fund 18,172 (2,079) 16,093
Inglesham
Church Fabric
Fund 3,447 5,000 (665) 7,782
29,369 5,000 (3,176) 31,193
At Gains and At
1 Jan 2021
f
Income
f
Expenditure
f
Transfers
f
losses
f
31 Dec 2021
f
Miss Mary
Hambidge's Will
Coal Fund
(Capital) 6,835 915 7,750
St. Michael's
Church Fabric
Fund 15,898 2,274 18,172
Inglesham
Church Fabric
Fund 3,072 375 3,447
25,805 3,564 29,369

Analysis ofnet as sets between funds
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2022
F
Tangible fixed assets 3,801 15,363 19,164
Investments 31,193 31,193
Current assets 42,320 27,244 69,564
Creditors less than 1 year (7,288) (7,288)
Net assets 38,833 42,607 31,193 112,633
Unrestricted Restricted Endowment Total Funds
Funds Funds Funds 2021
E
Tangible fixed assets 4,632 15,363 19,995
Investments 29,369 29,369
Current assets 42,547 59,368 101,915
Creditors less than 1 year (10,598) (10,598)
Net assets 36,581 74,731 29,369 . 140,681

Year ended 31 Dece mber 2022
2022 2021
Income and endowments
Donations
and legacies
Planned
giving
84,417 73,054
Tax recoverable 22,265 19,054
Open plate collections 1,612 788
Collections and donations for mission 13,220 6,559
Other donations
for church
purposes 13,206 58,040
Grants 20,072 45,280
Contributions
from other churches
1,422 4,580
Government
grant income
2,000
156,214 209,355
Charitable
activities
Church Room rents 2,108 330
Church
hall rents
9,119 6,319
Wedding
and funeral fees
5,997 8,697
17,224 15,346
Other trading
activities
Fund raising
2,126 232
Floodlighting 682 286
2,808 518
Investment
income
Income from listed investments 1,135 918
Bank interest receivable 413 5
Building society interest receivable 41 43
1,589 966
Total income 177,835 226,185

Year ended 31 Decemb er 2022
2022 2021
Expenditure
Expenditure
on charitable
activities
Wages and salaries 13,516 12,915
Rent 10,539 13,200
Rates and water 1,175 290
Light and heat 17,447 12,342
Repairs and maintenance 34,851 31,498
Insurance 7,188 6,789
Other establishment 1,145 998
Legal and professional fees 3,960 3,960
Telephone 1,465 1,385
Other office costs 1,066 1,053
Depreciation 831 831
Other interest payable and similar charges 299 240
Other expenditure for the work ofthe church 109,225 117,741
202,707 203,242
Total expenditure 202,707 203,242
Net (expenditure)/income (24,872) 22,943

Year ended 31 Decemb er 2022
2022 2021
Expenditure
on charitable
activities
Secular charities
Activities undertaken directly
Charitable
giving
13,547 9,894
Youth project
Activities undertaken directly
Expenses 9,353 19,842
Ministry
Activities undertaken
Parish share
directly 78,574 76,415
Weddings
and funerals
2,493 5,117
81,067 81,532
Church
running
expenses
Activities undertaken directly
Rates and water 152 94
Light and heat 8,248 7,403
Insurance 6,753 6,354
15,153 13,851
Church maintenance
Activities undertaken
directly
Repairs and maintenance
4,996 1,281
Upkeep ofservices
Activities undertaken directly
Other expenditure
for the work ofthe church
2,704 2,432
Church
hall
Activities undertaken directly
Rates and water 428 156
Light and heat
Repairs and maintenance
Insurance
5,847
3,934
435
1,992
2,717
435
Other establishment
costs
1,145 998

2022 2021
Brought forward 11,789 6,298
11„789 6,298
Vicars expenses
Activities undertaken directly
Clergy expenses 597 1,860
Church room
Activities undertaken directly
Rates and water 595 40
Light and heat 3,352 2,947
Repairs and maintenance 6,576 1,484
10,523 4,471
Major repairs
Activities undertaken directly
Repairs and maintenance 19,345 26,016
Other clergy expenses
Activities undertaken directly
Other clergy expenses 835 870
Parish office
Support costs
Wages and salaries 13,516 12,915
Telephone 1,465 1,385
Other office expenses 1,066 1,053
Other expenditure 1 122 1,311
17,169 16,664
Moveable furnishing and equipment
Grant funding activities
Depreciation 831 831
Curate's accommodation costs
Activities undertaken directly
Rent 10,539 13,200
Governance
costs
Independent
Examiner's
fees 3,960 3,960
Governance
costs - other finance costs
299 240
4,259 4,200
Expenditure
on charitable
activities 202,707 203,242