**Annual Report and Financial Statements of the Parochial Church Council for the year ending 31 December 2020** ## **Incumbent:** The Revd Phillip Johnson The Vicarage 12 Lambourne Ave Malvern WR14 1NL **Bank:** CAF Bank Ltd. ## **Independent Examiner:** Ms Mary Walters 5, The Howsells Malvern WR14 1AD **2020 Annual Report and Financial Statement** ## **1. Aim and purposes** The primary object of all PCCs is the promotion of the gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC (Powers) Measure 1956 states that the PCC 'is to cooperate with the incumbent’, the Reverend Phillip Johnson, ‘in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical'. The PCC is also specifically responsible for the maintenance of the fabric of the church buildings, the associated churchyards at St Matthias’ Church and St Peter's Church and the maintenance of the Hall attached to the Church of the Ascension. When planning our activities for the year and our response to the Covid epidemic, the incumbent and the PCC have considered the Commission's guidance on public benefit, particularly the specific guidance on charities for the advancement of religion. Our focus is to enable people to live out their faith as part of our parish community through: - Worship and prayer - learning about the Gospel and developing their knowledge of the Christian faith. - Provision of pastoral care for people living in the parish. - Working closely with the schools in our parish (three church schools and one state) To facilitate this work, it is important that we continue to invest in the maintenance and upgrade of the fabric of the three church buildings in our care and the associated Church Hall. ## **2. Objectives and Activities** The PCC began 2020 with an initial plan to continue the progress made in 2019, this was of course disrupted by the pandemic. The focus of last year therefore became: - Ensuring that worship was able to continue online from March to August, and then live from September to December. - Applying for over £40,000 worth of grants to build our ability to continue worship and serve our community. - Providing pastoral care and connection to those living in our parish. - Develop a number of innovative digital experiences including a weekly “magazine programme” on DVD for those in isolation without access to the internet. Malvern Link with Cowleigh PCC, Registered Charity #1133920 Page 2 ## **2020 Annual Report and Financial Statement** - Develop a new staff structure as we planned to grow through reopening in the Autumn. ## **3. Achievements and performance** ## **Worship** At the beginning of the year the timing of the Sunday Sung Eucharist service changed from 10:00am to 9:45am to facilitate the launch of a 11:15 am Contemporary Service at St. Peter’s. This service was launched in February 2020. Immediately, from the start of lockdown Father Phillip continually provided a 9:45am on-line Sunday morning Eucharist Service and a live-streamed 11:15am Contemporary Worship Service. The Parish’s grateful thanks to Mrs Barbara Johnson for becoming a video editor overnight and for months of dedicated video editing must be recorded. Members of the congregation recorded the readings and prayers for the 9:45 am service. In total 121 videos were recorded in 2020 and people watched these for over a thousand hours. DVDs of services were delivered to those without internet access. In person services resumed in September 2020. A full range of Christmas services took place within Covid restrictions, many of which were also live-streamed. Malvern Link with Cowleigh PCC, Registered Charity #1133920 Page 3 ## **2020 Annual Report and Financial Statement** Due to relocating, Graham Davies resigned from his role as Parish Organist in March and Peter Johnson took on the position in September. The Parish were grateful for the contributions of organ music for recorded services provided by 17-year-old David Bryson. We are delighted that Allen Hudson has been licensed as a Licensed Lay Minister in the Parish and our grateful thanks goes to our Licensed Lay Ministers, Allen, Mike Hancox and Eileen Tomlin and Fr Anthony Gann and Fr Ted Stokes for all they do to support Fr Phillip. ## **Pastoral Care** At the beginning of the lock-down a team was formed to keep in touch with the most vulnerable people in the congregation. Around 30 people were identified who needed regular contact, and during the remainder of 2020 the Pastoral team made well over 1,000 phone calls, phoning weekly, offering a friendly ear, and helping in practical ways. A weekly “magazine programme” was recorded by a small team on DVD and delivered to those in isolation without access to the internet. Local young people painted pictures to bring a smile to the elderly. During the summer, 20 ‘Bags of Love’ were delivered, containing puzzles, pens, colouring books, notecards, stamps and biscuits, to give a bit of cheer. These were followed with ‘Grow bags’ containing cress seeds, a plastic tray and the medium to grow cress on window-sills, and later, lavender bags made by congregation members and others in the community, accompanied by greetings cards. At Christmas, those who were still self-isolating received a pot of narcissus bulbs with a tiny gingerbread house made by one of the congregation. Everyone in the congregation received a Christmas card from the Parish. Our services of occasional offices were greatly reduced due to the Covid epidemic, the team performed no weddings, no baptisms after March and although the number of funerals The Team officiated at did not decrease as significantly, after March almost all the services took place at local crematoriums, churchyards and cemetery. ## Anna Chaplaincy In September, an Anna Chaplaincy was established in the Parish and one of our License Lay Readers, Eileen Tomlin was enrolled as an Anna Chaplain. Malvern Link with Cowleigh PCC, Registered Charity #1133920 Page 4 ## **2020 Annual Report and Financial Statement** As well as continuing the pastoral work previously mentioned she has also maintained contact with 5 Care Homes, delivering greetings cards, prayer cards, pictures, hearts and rainbows from young people and gifts of craft packs to use for their activities. At Christmas ‘knitters’ made around 200 angels which were blessed at church and then put into bags with a card for each resident in the Care Homes. The Anna Chaplain also made cards for the staff at the homes. The Anna Chaplain kept in touch with people in the community who are Carers or those who had recently left hospital. It is to be hoped that the Anna Chaplaincy will create new way of engaging with people in the community. ## **Children and Schools** In the early months of 2020, our weekly Monday Tots, for babies and pre-school aged children in the local community, group ran. The Team kept in touch with the children by delivering over thirty Easter and Christmas activity packs. As visitors were unable to enter schools due to Covid restrictions weekly video assemblies were recorded for them to use. In the Autumn the Parish’s Arts Lead ran an after-school Radio club at St. Peter’s church for pupils at a local Primary School. A range of Christmas services which would appeal to families were held: Outside Carols, Christingle, Crib Services and Edible Nativity. ## **4. Financial Report 2020** Total income for the year ended 31st December 2020 was £207,995 while expenditure totalled £210,964 resulting in a deficit of £2,968 as detailed in the accounts. The immediate financial impact of the pandemic has been the loss of income due to suspension of church services, being unable to hold fundraising events and a reduction in hall lettings. This drop in General Fund income is reflected in a net movement in funds deficit of £5,773. We have Malvern Link with Cowleigh PCC, Registered Charity #1133920 Page 5 ## **2020 Annual Report and Financial Statement** however been able to secure several grants towards the streaming of online services, which have been viewed by many and increased our presence in the wider community. We are also very grateful for a £22,500 Heritage Fund grant plus Council grants to compensate for COVID related income loss. We have also been fortunate to benefit from an increase in giving from new and existing members of our congregations at St Matthias and St Peter’s. It was still necessary however to transfer a total of £58,459 from investments over the year to the general fund to cover our commitments. Despite these transfers we were unable to pay our monthly Parish Share to the Diocese for the last two and a half months, whilst still leaving sufficient funds for regular running costs. It was explained to the PCC that, given the national situation, the Diocesan policy is to ask parishes to pay whatever they can this year. They did not expect churches to draw down on their reserves to pay Parish Share. A significant number of grants and donations have been raised for the new Dementia Centre which, following the upgrading of St Matthias Link Room will, we hope, provide a muchneeded facility in Malvern. The promising attendance at the new contemporary service at St Peter’s plus next year’s 175th anniversary of St Matthias, along with the Ascension Church Contemplation courses indicate our confidence as a growing concern. ## _Reserves Policy_ The Operational Reserve Fund contains £46,612 representing three months of expenditure, designated for emergencies only. ## _Restricted and Endowment Funds_ The PCC holds and administers a number of these funds as detailed on the Balance sheet. Restricted funds totalled £20,205 and Endowment funds totalled £44,014 as at 31st December 2020. ## _Designated Funds_ The PCC designates additional unrestricted reserves to be retained for an agreed purpose. These are reviewed on an annual basis and returned to the general fund if no longer considered justified. Designated funds totalled £64,529 as at 31st December 2020 as detailed on the Balance sheet. ## _Investments_ The PCC held a number of investment assets at 31st December 2020 as detailed in the Statement of Assets and Liabilities. As described above we had to draw on these funds during the year to cover our running costs, which has also led to a drop in dividend income. My thanks as always go to Martin Purser for all his help with the accounts, Anne Hancox for recording and paying in the collections and to Jenny Purser for banking and recording the planned giving envelopes throughout the year. Thanks also to Peter Edwards for reclaiming the gift aid on donations which brings in an invaluable source of income. It is hoped to make savings following the introduction of a new accounting system next year, plus having the benefit of a new Parish Office. ## Eileen Watson PCC Treasurer Malvern Link with Cowleigh PCC, Registered Charity #1133920 Page 6 **2020 Annual Report and Financial Statement** ## **5. Plans for the future period** This year we hope to realise many of the plans we had for 2020. We will continue to place a significant focus on our Children and Families’ ministry alongside our work in local schools. We hope to launch The Ascension Centre for Contemplation and Reconciliation and be able to build on our plans for SPARC. We plan to introduce a range of new services on Sunday evenings at 5:00pm and a monthly concert series. We hope to continue to offer on-line services and events for those who do not wish to or cannot attend our churches in person. St. Matthias’ 175 Celebrations ‘Making the Malvern Link’ are designed to reach out to all community stakeholders and emphasize our churches as the heart of the community. Following on from the success of our Christmas celebrations in 2020, we hope to develop this area of worship and outreach further in 2021. As a result of a successful crowdfunding campaign in 2020, we will be opening a Dementia Meeting Centre in The Link Room at St. Matthias’ Church two days a week in partnership with Age UK in June. ## **6. Risk Management** The principal risks implicit in the running of the Parish involve Finance, Public Liability, Employment Liability and Safeguarding. Arrangements for management and mitigating risk include the adoption and observance of policies and practices to ensure appropriate oversight and governance of risk-bearing activities and insurance against unforeseen occurrences. The PCC sets, and periodically reviews, levels of authority to commit to expenditure appropriate to daily operations, routine maintenance and major projects. Banking transactions require the approval of two authorised signatories. Financial forecasts and performance to date are routinely reviewed by the Standing Committee and the PCC. Financial activity, reporting and auditing follow the recommendations and guidelines of the PCC Accountability Guide (fifth edition) including its references to Charity Commission requirements. Risk and Safety Inspection Documents are available for Church buildings and surrounds. Regular statutory inspections of fire safety appliances and electrical and heating installations are commissioned, the most recent being in 2020. In respect of Safeguarding, the PCC has adopted the Safeguarding Policy (2017) formulated by the Archbishop's Council in compliance with the Safeguarding and Clergy Malvern Link with Cowleigh PCC, Registered Charity #1133920 Page 7 **2020 Annual Report and Financial Statement** Discipline Measure 2016 and continues to give due regard to the Safeguarding Policy in everything we undertake. We have a new Safeguarding Officer, who has proactively sought ongoing clarification of detailed guidance and requirements from the Diocese of Worcester and has undergone all required training. The Parish has signed up to and is using the Diocese Safeguarding Dashboard. The Finance working party continually reassess our current and future risks to identify where further risk mitigation measures, including additional training and use of professional services, are required. ## **7. Structure, governance and management** There are three church buildings in the Parish namely, the Church of the Ascension, St Matthias' Church and St Peter's Church. All have equal status and together constitute the Parish Church. Each church continues to be used for worship and for additional activities in ways which reflect their location and their varying attributes. Financial and administrative control of all three churches rests with the PCC which is the responsible legal body. The financial statements for the Parish are prepared on an accrual basis, in accordance with the Church Accounting Regulations and Charity Commission Financial Guidance. The method of appointment of PCC members is set out in the Church Representation Rules. All church attendees are encouraged to register on the Electoral Roll, members of which are the electors of the PCC. There are 90 people on the Roll revised in September 2020. Members elected to the PCC have a three-year term of office so that a third of the membership retires each year. Apart from the elected lay members, the Council includes the incumbent (the Chair), the churchwardens, a licensed lay minister and two representatives from the Parish elected to serve on the Deanery Synod. The Parochial Church Council is the responsible legal body and receives reports on finance, fabric and other general matters at each of its meetings. In 2020 there were three substantive meetings of the PCC, two in person and one virtual. In 2020 the Standing Committee regularly met virtually to make decisions on behalf of the PCC during the Covid 19 pandemic lockdown. From September 2020 there have been four sub committees: finance, fabric, children, young persons and families and St. Matthias’ 175 celebrations planning group. There was also a Sub Committee which makes recommendations on what donations should be made to specific national and local charities with which we liaise. . Malvern Link with Cowleigh PCC, Registered Charity #1133920 Page 8 ## **2020 Annual Report and Financial Statement** ## **8. Administrative Information** Details of the three churches in the Parish of Malvern Link with Cowleigh, within the Diocese of Worcester are listed below: - St Matthias Church, Church Road WR14 1LX - Church of the Ascension, Somers Park Avenue WR14 1XA - St Peter's Cowleigh Bank WR14 1QP The principal contact address is the Vicarage, 12 Lambourne Avenue, Malvern WR14 1NL The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2020) and a charity registered with the Charity Commission - No.1133920. The following served on the PCC during 2020: Vicar (Chair) Revd. Phillip Johnson Licensed Lay Ministers Eileen Tomlin, Mike Hancox (until Sept 2020) Churchwardens Joy Black (until Sept 2020), Richard Tandy, Anne Hancox, Mark Cook, David Sims (from Sept 2020) Deanery Synod Joy Black, Bob Leverett (until Nov 2020), Martin Purser (until Representatives Nov 2020), Alison Sims Elected Members John Price, Sue Tandy (until Sept 2020), Alison Sheehan-Hunt (until Sept. 2020), David Sims (until Sept 2020), Eileen Watson, Andrew Judd (until Sept 2020), Diana Stockford, Martin Purser (from Sept 2020) Ruth Lane (from Sept 2020), Ian Hopwood, (from Sept 2020) Honorary Treasurer Eileen Watson Honorary Secretary Maureen Panton (until Sept. 2020) Susan Maxfield-Phillips (from Sept. 2020) Safeguarding Officer Joy Black Malvern Link with Cowleigh PCC, Registered Charity #1133920 Page 9 Parish of Malvern Link with Cowleigh End of Year Financial Statements Year ending 31 December 2020 Approved by the Parochial Church Council on 24 February 2021 and signed on its behalf by The Revd Phillip Johnson (Vicar) Malvern Link with Cowleigh PCCRegistered Charity No. 1135920 Page I Statement of Flnanclal Activlties 1 January to 31 December 2020 Unrestrl¢ted Du1%￿at¢d R¢stricted Endowment (￿ndS funds funds funds Ttstal Prlor yc*r funds totsl fund Note In￿[￿9 And endowmants fyom: DonaUDn¥ 8TrJ legac*s Irwrne from Ltharttablè aEIthUas Offter tradlng a(thv￿ InYestsn8nts 0th8r lrfome Total Sncomo 110,411 4.618 10.451 22.738 62.016 1S6 1&5.186 4,T15 1ZI57 3,578 2,318 207.995 130,352 14,976 ,391 5,334 1,705 2.318 131.3ri 444 5117J 18QOS4 Expendtt￿ on: Raisi￿ funds Ext￿￿1￿[9 ￿ chgritÉlAe Olher axp8ndtture Total •xpen(UbJve 573 )7.587 321 235,012 18,892 2¥226 148.177 18.249 41.160 148,794 19,973 42.19S 0.9B4 Net I lewndtturel resowces beforB tr￿tsE 117.4161 4470 9.97Y 12.O$BI 170.1721 Trdnsf¥r8 Gr05s transfe￿ bBiweBn fund8- In Gross transfers beiween fvnds- (xrt 1)thgr rtrcogni8&d galns I1058e8 Galnsl thses on lfjve51rDerrtaw N8t movomont In fvnd¥ 35.9S1 (24,58n 68.785 179.W281 10,287 19.6071" 114,123 1114.1231 152,231 1152,2311 1.750 14,686 1551861 15.7T31 10,656 1.951 Total fvnds brtyJghtloM¥d 42,024 160.316 214803 Ti¥tal fvnd8 carrled 10T￿rd 33.S19 20,205 44,014 161268 160,316 Mafvern Link with Cowleigh PCC Regivtered Charity No. 1133920 Page 2 Balance sheet As at 31 December 2020 Note u￿r￿trICted Deg. llated Res¢rict¢d Endowmellt Thls oar Last ear Flxed a859ts T8nglbls assets Inv884ments 1.339 1.339 1,488 114,462 115,Y5Q 3110B 3110$ 42.Of4 42,tr14 75.461 Current a5•èts DBbtors Cash at bank and kn h￿d 6,057 27,367 1,145 19,060 20.205 7.202 9,762 36.423 46,188 21 32A21 2,fA)D 2,IM)O 88,051 LIabIl￿e5 Cr8dltor¥.' Arnourts fallng dug In one year 1,244 1,244 1244 1.819 Not curr•nt45sgts IBSE I￿11￿0* 31180 32.421 2Q,20S 2,000 T¢)lal assqts leES currnntllatAIlths 33￿19 fj4.529 44,014 161288 1ffi,316 Total nèt as8•ts1oM Ilablllues 31519 20305 44.014 162,268 160.318 UnMthGt0d General fLJnd 33.519 33.519 39,292 Dgslgn8tsd Arts Fund Fabrie Fund MISSH￿ Fund Owotional RèseNe Fw 17.817 17,617 300 48.612 15,IM2 408 54.DOO 45.612 Asceryon Fabric Fund St M Organ Fwd Sl M Pathway 8nd StrJnd $Y￿aM Sl Peterts Fabrfc F￿rf VIca￿S Dis(XB1￿Thary F￿nd Audlo V￿￿81 CoDlemploUon Fund Demepty'a Pund Mission F￿d Morthy Club st M Churchyard makntso8rrf 18.6041 5,S78 781 3,612 1.543 163 163 2,$40 15.374 15,374 927 100 927 200 Endowmont Sl M Etsl88ia8tkal and Chwthy4r¢J Fwxls 44.014 44.014 42.024 Funds of thg chtsr 519 64,529 44,014 1fj1268 160316 Malvern Link with Cowleigh P.CCRegiYlered Cknrity No. 1133920 Page 3 Parish of Malvern Link with Cowleigh Note 1- Accounting Policies The financial slalemenls are prepaTed under the Church A(￿)unting Regulations and Charity Commission financial guidance. The finanaal statemgnts hav8 been prepared under the historical ¢osl Convenli￿ except for Ihe valuation of investment assets, which a￿ shown at marf(et value. Funds Unrestrfrted FurKls rep￿sent the general funds of the PCC that are not subject lo any restrictions regarding thoir use and are available for applicatTron to the general purposes of the PCC. Funds designated for a partI￿lar purpose by the PCC are also unrestricted. Roslricted funds are those funds that must be Sp￿lt on restricted purposes and details of the nds held and restrictions are provided. wa Pcc-speafic notes where appropriate. Endowment funds, where the c4pilal must be relainod. are aL80 explained via PCC-spe¢ific notes where appropriate. The financial statements indude all transactions. assets and liabililies for vthich Iha PCC is responsible In law. They do not include the ffinan￿aI statements of church groups that owe their main affiliation to another body, nor those thal are informal gathering5 of church members. INCOMING RESOURCES Voluntary Incomg and fundraising Grants and legaaes lo the PCC are accounted for as SCM)n as the PCC is notffied of its ￿gaI entlllement, the amount due is quanlifiable and its ultimate r￿[pt by Ihe PCC is ￿asonablY certain. Grants and donations are included in the SOFA when any preconditions prevonting Iheir use by the PCC have been mel. For collections and planned giving. this is when the funds are received. Gift and other tax daims are included in the SOFA at the same time as the donations to which they relate. Fur￿$ raised by fétes, garden parties and similar events are accounled for gross. Sales of books and magazines from the churth b(y)kstall are a¢counted gross. Other Income Rental income from the lelling of church premlses is reujgnoeil when Ihe renlal is due. Investmenl gains and losses Realized gains or losses are recognized Wh￿ investments aro sold. Unrealized gains or losses are a¢counted for on an annual revaluation of investments at 31 December. Dividends are accounted for when due and payable. Interest entiuements are accounted for as they accrue. Tax recoverable on such income is reojgnized In the same accounting year. Gifts in kind for sale lo fund the PCC are induded in the accounts al their estimated market value at the dale of gifl rf feasible. or else recognised when sold by the charity- The value of any voluntary help received is not induded In the accounts ￿lt is described in the trustees. annual rewt. RESOURSES EXPENDED Grants Grants and donations are accounted for when paid over, or when awarded, if that award creates a bindlng obligation on the PCC. Page 4 Actlvlties direcdy relatlng to the work of the church Parish Share is a(￿nOWledged by the Diocese as a request for voluntary payment. Any shortfall in one year should nomialty be treated as a creditrr on the balance sheel. In exceptional cirGumstances the Di0￿san kX)licy is to ask parishes to pay whatever they can. They do not expect churches to drdw down on their ￿Se￿eS to pay Parish Share. Govemance costs Governance costs include ¢￿tS of the preparation and oxarnination ofslatutory accounts, the costs of Irustees, meetings and cost of any *al advice to trust88s on governance or constitutional matters. ASSETS Flxed assets Gonsecrated prnpo￿ and movable church fumlshlngs Consecrated and benefi￿d property of any kind is exduded fr(Kn the ffinan￿aI statements by Section 1012} {a) and (c) of the Charities Act 2011. Movable church fumi5hings held by the incumbent and churchwardens on special trust for Ihe PCC, and which require a faculty for disposal, are aC￿)Unted for as inalienable propetly unless consecrated. Th8y are listed in the Church's inventory. which can be insp8ct8d {at any reason8ble time). For inalienable property acquired prior to 2000 there is insuffi￿ent C05t infonnation available and Iher8for8 such assets are not valued in the finan￿al statements. For ilems acquired since 1 January 20CK), Yknere the trustees consider Ihese to have enduring economiG value, Ihese are capilalrzed at cost and depwiated in the financrdl statements over their cu￿entlY anticipated useful economic lrfe (over four years unless otherwise ststed) on a straight-Sine basis. For items acquired sinc£ 1 January 2(K)O. wherethe trustees instead consider these to be like- for-like replacement oynditure of no endurÉng economlc value, these are vKitten off when the expendilure is incurred. All expendilure incurred in the year on cx)nsgmted or beneficed buildings. indiwdual items under £1,000 or the repair of movable church fumishings acquired before 1 January 2000 15 WTitten off. Other fixturns, fittings and office equlpment Iterns of office, communications, audio-visual and domestic equipm8nt wtth an Initial purchase price of greater than £1,750 at 2020 values are tak8n irrto th8 balance sheet at the time of pvrchgse and depreoated (over a four year perioj unless othèTrvise slated) on a straight line basis. Acquisition of items with a purthase price of £1.750 or less are trealed as 8xpenditure. Investments Investments are valued at market value at 31 December. Current assets Amounts owing lo the PCC at 31 December in respect of fees, rents or other income are shown as d8btors185s pmvision for any amounts that may prove uncollectable. Shorl-lerm deposils include cash held on d8POSit eilher wtth th8 CBF Church of England Funds or at the bank. LIABILITIES Liabilities are recognised as soon as th8 legal or construthve obligation arises. Page 5 Note 2 Analysls of Income 1 January to 31 December 2020 Unrestricted Dated Restrk¢ted Endowment Th Donatlons and l•gacles Gtft Ald- Stsnding Ord9r3 Gtft ￿d- Envelopes Non Gift planned givlng Loos6 plate ¢ollecJ￿s White Grft AKI Enveknpes Donations appeals etc Hymn 8ook Appeal T8x recoverable on Grft Aid Legaci88 Non-￿rUM￿j on￿f grants oth9r funds ganorated Arts CentrÈ Grants and Donations CYPF Donations ASc8nSi￿ To118t Grants aThJ Donations St M I￿gan Refu￿ Grants & Donations Conlemplalon Gwls and Donations 48.920 5.776 1,171 2.829 1,352 10.013 48,920 5,811 1,171 2,829 1,517 35,315 46,241 9,895 2,713 5,936 2,053 5,692 2,279 18,616 550 14,329 2.687 4.080 35 165 25.302 17.495 1,272 18,76T 8,238 50.786 5,236 17.777 5.076 14.5C 18.YJ9 159 100 11X) 5,149 168 2.576 5.440 52.016 5,440 185,166 110.411 22.738 130.352 Income Ir¢m charltablo actlvltlos Fees for w8ddings and lunerals Contomplalj'on ￿eS Incx)rne 4.818 4,618 156 4,775 13,559 1,417 14,976 Totsl 4.618 Oihgr tradlng actlvities Fundialslng Gross Church hall letUngs- Llnk Room Churth hall letting8- A8¢￿￿On chur￿ hall1gttings- Sl Pelees Arts Cèntro Events Sales Arts Centre Hospitatsty Salas 4,332 1,217 4,087 815 4,332 1,217 4,087 815 1,103 602 12.157 4,704 6,T56 9.123 2.076 1.103 Total 10,451 1.705 33,391 Investm8nts Dlvldends Bank and bu4￿1ng soclety inlgrest Rent from land5 or bjildlngs 3,541 3,541 36 5.LKII 83 250 5,334 Total 3.578 3.578 Other Incomé Insurance ¢l8Sms 2.318 2,318 131.377 2,318 2,318 207.995 Tolal INCOME TOTAL 24.444 52,173 184,054 Page O Note 3 Analysis of Expenditure 1 January to 31 December 2020 Ullre8trActed Desl *led Re8tTkted EndowmElIt This Ralsing funds Cost5 of aPpI￿ng for grarrts Costs of stewardship Campalgn Costs of fates & other events 449 104 20 573 104 117 203 321 5T3 ExpendltuTe on charitablg actlvltles CYPF EqUI￿ant and Materia15 CYPF Salaiies and Admin Interim T￿let A￿ns￿)n Tol81 Branding and Marketing st Matthias Organ Reftjrb Contemplation programme Contemplation Library Contempla'ion Equip[n￿( Contemplamon Tralnlng Conl8mplalion Cou15e RunnlNJ Costs Glvlng to rn1as￿nary S￿&￿&S Giving- relieland developrnenl 8g8nry Hom¢ mission Secular charitlgs Ministry parish Sha￿ etc As&stant staff costs stafl Salaries Working 8XP8nsès of incwnbwrt Parsonag8 house ex￿n5 c4Vs telephone Educalion Parish training 8nd rni55k)n Church runnlng- InsurarKe Organ I piano bJnlng Church maintenance" Cleaning Upkeep of 5ervlces 319 S54 140 1.186 53.882 5,492 30.320 9.083 599 29 2.105 9.595 13.601 407 407 1,069 4.422 3,455 38 4.422 3.455 923 2.850 450 156 1,3 1,546 1.079 2,200 69,368 1.994 3,302 3,142 56,066 270 24,200 2,568 478 788 270 24,21M) 478 958 127 2,431 5,488 480 4,909 317 5,609 236 2,105 5,561 312 37,228 2,372 25,612 47 2.666 5.561 312 17,699 2.372 8.393 11,135 16.303 47 Oryani5t GL￿tract fee Ngw Hymn Boohk8 Upkeep of churthyard Adminlstradon Visits'ng 5p8ak8rs I IC￿rn8 st M Churth running- elgYJlc Asc Church running - elactric st P Churth runnlng - 818Ctric St M Church ruMing- gas Agc Churd) running- gas st P Churth running - gas Sl M Churc* wnning- water Asc Church running -water St P Churth running . water As¢ Hall runnlng- elactsidty Asc Hall running- gas As¢ Hall runnlng- malntenance Govomance costs èxamlnationlaudll 3,666 2,781 7,550 2,094 55 3,639 1,060 405 1,596 744 1,363 138 268 178 635 889 341 300 7.542 6.740 8,342 6,740 1.667 629 1,667 773 571 1.137 773 571 1.137 192 122 192 122 797 138 797 138 300 148.177 18.249 41.160 207.$87 235,012 Page 7 UJArestri ated Restricted ndov4ment ear LAst ear Othgr oxpenditure Ms Centr8 Events Cos Arts Centre Adrninistration Art5 Centr8 Equiprnrlnt Purchases Art8 C8ntre Hospitality Cw5UtnatAes Total EXPENDITURE TOTAL 23 470 292 923 513 1,328 38 10.326 6,132 1,450 983 18,892 254 226 1,036 43 148.794 1.036 42.1 19.973 210 964 Malvern Link with Cowleigh PCC Regislered Charity No. 1133920 Page 8 Note 4 Statement of Assets and Llabllitles As at 31 December 2020 UNT￿tricted De5 Dated Restrlct¢d Endowmtnt Thls Last ear Ftxod ass9ts.Inv•sbnents Sl M Income Fund Invastsnent- St M Growlry Illvestrn￿t- st M ChurcTryard Inv&%tsnenl- st M Ecd8siasbcal lrNe5tTh￿rt- Sl Petevs Income Fmd In￿51￿en1- 1',,237 20,871 11237 20.871 ?3,571 18,442 25,5B8 39,023 22,768 17,255 23,511 18.442 31108 42,014 74,172 114M62 Flxod as¥•ts Copier Printsr- 1.339 1.339 1NB8 Current assets. Czsh aibank and In hand CAF curMI a¢cwnl. St Mallhlas Churchyard aCtO￿t- st Mallhla9 C3F Oeposilknxxmt. Sl Peterf8 CBF Dwsll Fund- in h*d. 31417 18.th) 78.713 371 23,49B 215 12,680 74 271 27.367 34421 19.060 2,000 80,849 J6,423 Currenl atstsèts. Dthtors 1.145 Tolals 6.057 7.202 9,762 Llabllltles- Cr*dIt￿. Amounts falllng one year ounts Paya￿e- t.244 1.244 Total& 1,819 519 014 162.268 1fj0.316 Malvern Link with Cowleigh PCCRegi*tered Charity No. 1133920 Page 9 Yur endin 31 December 2020 Note 5 - Tangible fixed assets In 2018 a Copier Printer was purchased, value £1,860 and depreciated each year at EO % At 31112118 value £1,674 At 31112119 value £1,488 At 31112120 value £1.339 Note 6- Debtors General Fund Gift Aid Total Unrestricted 6,057 Dementia Fund Gift Aid Totsl Restricted 1.145 Note 7- Creditors Total G&8 & Power- December 2020 NEST Pensions - December 2020 Independent Examiner 850 95 31M) Total Uorestrict￿l 1245 Note 8- Trustee Remuneration, Expenses and l)onations Payments were tr￿1¢ to PCC tn¢mbers for ¢xpenses, on prothlction of receipts. Nots 9- Related Party Transactions The PCC paid Barbara Johnson £17,658 last year, being gr05s pay plw employer pension contributions. This represenls salary as digital lead responsible for all our websites, streaming online services, video editing, graphic design and tnarketing. She was also employed as a Parish administrator until this post was filled in July. Bart)ara is married to Vicar Phillip Johnson. The PCC also paid Lay Miuister Mike Ilancox £1,075 for taking funerals last year. Mike is mattied to Churcbwarden Anne Hancox. Malvern Link wilh Cowleigh PCC Regiitered Charity No. 1133920 Page JO ## ## |Report tothe Trustees/
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