#
##
##
##
||||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|