**Annual Report and Financial Statements of the Parochial Church Council for the year ending 31st December 2021** ## **Incumbent:** The Revd Phillip Johnson The Vicarage 12 Lambourne Ave Malvern WR14 1NL **Bank:** CAF Bank Ltd. ## **Independent Examiner:** Mr Ian Jarvis The Guesten 15 College Green Worcester. WR1 2LH **2021 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 continuing 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. Malvern Link with Cowleigh PCC, Registered Charity #1133920 Page 2 **2021 Annual Report and Financial Statement** ## **2. Objectives and Activities** The PCC began 2021 with an initial plan to complete the plans for 2020 disrupted by the pandemic and to develop new initiatives, again its planning was disrupted by the pandemic. The focus of last year therefore became: - Ensuring that worship was able to continue online from January to March, and then both live and virtually from March to December. - Applying for over £100,000 worth of grants to build our ability to serve our community. - Providing pastoral care and connection to those living in our parish. - To open a Dementia Meeting Centre in The Link Room at St. Matthias’ Church, two days a week, in partnership with Age UK. - To introduce a range of new services on Sunday evenings at 5:00pm and a monthly concert series. - To reach out to all community stakeholders through our St. Matthias’ 175 Celebrations ‘Making the Malvern Link’, emphasizing our churches as the heart of the community. - To continue to place a significant focus on our Children and Families’ ministry alongside our work in local schools. - To further develop Christmas worship and outreach. - To relaunch SPArC events after the pandemic. Malvern Link with Cowleigh PCC, Registered Charity #1133920 Page 3 **2021 Annual Report and Financial Statement** ## **3. Achievements and Performance (See Vicar’s report also)** ## **Worship** The year began with two on-line Sunday services being available, a Sung Eucharist service at 9:45am and a 11:15 am Contemporary Service. Once we went back to in-person services we have continued to live-stream services whenever possible. A new AV system was installed at St Matthias’ in order to facilitate this. A full range of Christmas services were planned but many had to be altered or cancelled due to a rising number of Covid 19 cases. The outside Carol Services, on-line Edible Nativity and crib service were well received. A range of new services on Sunday evenings at 5:00pm has been introduced including Choral Evensong, Compline and a Taizé style service. Our grateful thanks goes to our Licensed Lay Ministers: Mike Hancox, Allen Hudson and Eileen Tomlin, Fr Anthony Gann, Fr Ted Stokes and Revd Mary Nobles for all they do to support Fr Phillip. ## **Pastoral** The Pastoral team continued the work they started in 2020 phoning those who were still not confident to return to church services, or who had been advised by doctors to remain isolated. Everyone in the congregation received an Easter card from the Parish. Our services of occasional offices were still greatly reduced due to the Covid epidemic, the team performed only two weddings and eight baptisms and most funerals still took place at local crematoriums, churchyards and cemeteries. A Dementia Meeting Centre was launched in June, two days a week, in The Link Room at St. Matthias’ Church in partnership with Age UK. Our organist, Peter Johnson is now organising very popular monthly lunchtime concerts. Our Heritage Open Days provided different opportunities for members of the community to visit our churches. ## **Children and Schools** Our weekly Monday Tots group, for babies and pre-school aged children in the local community, continues to thrive. In the autumn we were able to begin taking weekly in person assemblies in our local schools, also a new youth choir was formed. Our 175 Family Fun Days had to be postponed to July 2022. Generous donations meant that children in our Church Schools were able to receive a copy of The Angels of Malvern Link, written by Philippa Lowe. Malvern Link with Cowleigh PCC, Registered Charity #1133920 Page 4 **2021 Annual Report and Financial Statement** ## **4. Vicar’s Report** 2021 continued to be a challenging year for MLWC. Despite an enormous amount of planning and preparation, everything was cancelled when lockdown was imposed a few weeks into the new year. This obviously had a knock on effect with budgets, activities and congregational growth. Although we reopened at Easter for in-person worship we have still lost about 20% of our congregations over the entire pandemic. This has been balanced out by growth at both the 9.45am and 11.15am service but attendance has taken a hit at every church in the Diocese, and we are not the exception. There are many highlights from 2021 though – ranging from the continued development of the 11.15am service, the introduction of Compline, Taize and Choral Evensong services at 5pm and the introduction of a new youth choir and a number of wonderful lunchtime concerts. We continued to invest in developing our buildings and also our outreach. A new AV system was installed at St Matthias after numerous complaints about the previous one. This has allowed us to continue livestreaming the 9.45am service from St Matthias and also to offer this service for families at funerals and weddings. The Link Room continued to be refurbished in order for the Dementia Meeting Centre project to start. This has provided a much needed resource for our local community but the lack of referrals from the health service has meant that it will take some time to become viable without external support. The Arts venue at Sparc has also been well used by performers and is beginning to build up its audience. Again, this is recovering to pre-pandemic levels but requires a significant marketing effort. We also invested a lot of resources into providing the best Christmas celebrations that we could – with extensive decoration of all three churches, outside carols and a large number of events. Sadly, the advice and restrictions introduced just before Christmas meant that we had to reluctantly cancel a number of services and activities. One highlight though was the development and publishing of our own Children’s book – The Angels of Malvern Link – which gained recognition in the Church Times and has now been sent to numerous countries around the world! 2022 will be another challenging year. We will need to make clear decisions about what we will be able to continue to deliver and what we might need to let go of. These are necessary decisions that all Christian communities must face at some point. Our faith though should not be in the latest strategy or fad, but in the author and foundation of our faith. I pray that in 2022 we draw closer to Christ and put our trust in Him. The Revd Phillip Johnson Vicar Malvern Link with Cowleigh PCC, Registered Charity #1133920 Page 5 ## **2021 Annual Report and Financial Statement** ## **5. Financial Report 2021** Total income for the year ended 31st December 2021 was £250,845 while expenditure totalled £301,979 resulting in a deficit of £51,133 as detailed in the accounts. The continuing impact of the pandemic has been loss of income due to suspension of church services and the prevention of some fundraising events. This drop in unrestricted general fund income is reflected in a net movement in funds deficit of £18,173. We have however continued to benefit from Council grants to compensate for COVID related income loss, plus we are very grateful for the many grants received towards setting up the new Dementia Meeting Centre which opened at St Matthias in August 2021. A £30,000 grant from the University of Worcester has enabled us to carry out improvements to the Link Room plus pay an Age UK Manager to run the sessions, which are growing in number. Due to the fall in general fund income we were unable to pay our Parish Share for the last three months, whilst still leaving sufficient funds for regular running costs. However, our new contemporary service at St Peter’s plus the regular services at St Matthias and the Ascension, along with St Peter’s Arts Centre and the Ascension Contemplation courses indicate our confidence as a growing concern. ## Reserves Policy The Operational Reserve Fund contains £34,351 representing three months of expenditure, designated for emergencies. ## Restricted and Endowment Funds The PCC holds and administers a number of these funds as detailed on the Balance sheet. Restricted funds totalled £4,844 and Endowment funds totalled £45,086 as at 31st December 2021. ## 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 £49,170 as at 31st December 2021 as detailed on the Balance sheet. ## Investments The PCC held a number of investment assets at 31st December 2021 as detailed in the Statement of Assets and Liabilities. These showed mixed rises and falls in value. The dividends and interest these generate provide a valuable 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. From next year the accounts will be produced from QuickBooks, with data being entered by Sue Maxfield-Phillips in the Parish Office. ## Eileen Watson PCC Treasurer Malvern Link with Cowleigh PCC, Registered Charity #1133920 Page 6 ## **2021 Annual Report and Financial Statement** ## **6. Plans for the future period** This year we hope to complete the plans we had for 2020 / 2021 and develop new initiatives. We will continue to place a significant focus on our work in and for local schools, including weekly assemblies, leading Godly play sessions and providing Christian festival experiences for them. To develop our Children and Families’ ministry alongside work in schools. We hope to complete our St. Matthias’ 175 Celebrations by running family fun days in July. We plan to open a community fridge in the Ascension Hall in March. We hope to finally be able to launch The Ascension Centre for Contemplation and Reconciliation and be able to build further on our plans for SPArC (St. Peter’s Arts Church). 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. We hope to find ways of heightening public awareness of the Dementia Meeting Centre and work towards making it sustainable We will begin to look for ways of reducing our carbon footprint and prepare a maintenance plan for the historic buildings in our care. Malvern Link with Cowleigh PCC, Registered Charity #1133920 Page 7 **2021 Annual Report and Financial Statement** ## **7. 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 2021. 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 Discipline Measure 2016 and continues to give due regard to the Safeguarding Policy in everything we undertake. The council has complied with the duty to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults under section 5 of the Safeguarding and Clergy Discipline Measure 2016. The Parish has been awarded level 3 compliance, which is the highest level available and 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 training and use of professional services, are required. Malvern Link with Cowleigh PCC, Registered Charity #1133920 Page 8 **2021 Annual Report and Financial Statement** ## **8. 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 101 people on the Roll revised in March 2021. 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 2021 there were four substantive meetings of the PCC, two in person and two virtual. During 2021 the Standing Committee met virtually to make decisions on behalf of the PCC during the Covid 19 pandemic lockdown. PCC members were also asked to ratify proposals by email communication. 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 9 ## **2021 Annual Report and Financial Statement** ## **9. 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 Malvern Link with Cowleigh Parish Office, The Church of The Ascension, Somers Park Avenue, Malvern. Worcestershire WR14 1XA 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 2021: Vicar (Chair) Revd. Phillip Johnson Licensed Lay Minister Eileen Tomlin Churchwardens Richard Tandy (until May 2021), Anne Hancox, Mark Cook, David Sims Deanery Synod Joy Black, Alison Sims Representatives Elected Members John Price, Martin Purser, Eileen Watson (until May 2021), Diana Stockford (until May 2021), Ruth Lane, Ian Hopwood, Tony Eberle, Jane James Honorary Treasurer Eileen Watson Honorary Secretary Susan Maxfield-Phillips Safeguarding Officer Joy Black Malvern Link with Cowleigh PCC, Registered Charity #1133920 Page 10 # **Parish of Malvern Link with Cowleigh** ## **End of Year Financial Statements** ## **Year ending 31 December 2021** Approved by the Parochial Church Council on 9 March 2022 and signed on its behalf by The Revd Phillip Johnson (Vicar) _Malvern Link with Cowleigh PCC Registered Charity No. 1133920_ _Page 1_ ## **Statement of Financial Activities** ## **1 January to 31 December 2021** |**Note**|**Unrestricted Designated**
**Restricted Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**funds**
**total funds**| |---|---| |**Income and endowments from:**
Donations and legacies 2
Income from charitable activities 2
Other trading activities 2
Investments 2
Other income 2
**Total income**
**Expenditure on:**
Raising funds 3
Expenditure on charitable activities 3
Other expenditure 3
**Total expenditure**
**Net income / (expenditure) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains / losses on investment assets
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**|127,143
10,320
86,014
—
223,478
185,166
6,121
1,697
180
—
7,999
4,775
13,741
3,135
432
—
17,309
12,157
2,058
—
—
—
2,058
3,578
—
—
—
—
—
2,318| ||**149,064**
**15,153**
**86,627**
**—**
**250,845**
**207,995**
5,991
—
—
—
5,991
573
193,812
13,166
84,888
—
291,868
207,587
534
3,585
—
—
4,119
2,803| ||**200,338**
**16,752**
**84,888**
**—**
**301,979**
**210,964**| ||**(51,273)**
**(1,598)**
**1,738**
**—**
**(51,133)**
**(2,968)**
37,589
1,500
2,989
—
42,079
114,123
(4,489)
(17,500)
(20,089)
—
(42,079)
(114,123)
—
2,239
—
1,072
3,311
4,920| ||**(18,173)**
**(15,359)**
**(15,361)**
**1,072**
**(47,822)**
**1,951**| ||**33,519**
**64,529**
**20,205**
**44,014**
**162,268**
**160,316**| ||**15,345**
**49,170**
**4,844**
**45,086**
**114,446**
**162,268**| _Malvern Link with Cowleigh PCC Registered Charity No. 1133920_ _Page 2_ ## **Balance sheet** ## **As at 31 December 2021** |**Note**|**Unrestricted Designated**
**Restricted Endowment**
**This year**
**Last year**| |---|---| |**Fixed assets**
Tangible assets 5
Investments 4
**Current assets**
Debtors 6
Cash at bank and in hand 4
**Liabilities**
Creditors: Amounts falling due in one year 7
**Net current assets less current liabilities**
**Total assets less current liabilities**
**Total net assets less liabilities**
**Represented by**
**Unrestricted**
General fund
**Designated**
Arts Fund
Dementia Fund
Fabric Fund
Mission Fund
Operational Reserve Fund
**Restricted**
St Peter's Fabric Fund
Vicar's Discretionary Fund
CYPF Fund
Community Fridge Fund
Contemplation Fund
Dementia Fund
Music Fund
St M Churchyard maintenance
**Endowment**
St M Ecclesiastical and Churchyard Funds
**Funds of the church**|—
—
—
—
—
1,339
—
34,347
—
43,086
77,433
74,122| ||**—**
**34,347**
**—**
**43,086**
**77,433**
**75,461**
8,860
—
167
—
9,028
7,202
9,363
15,444
7,756
2,000
34,565
80,849| ||**18,224**
**15,444**
**7,924**
**2,000**
**43,593**
**88,051**
2,878
622
3,079
—
6,580
1,244| ||**2,878**
**622**
**3,079**
**—**
**6,580**
**1,244**| ||**15,345**
**14,822**
**4,844**
**2,000**
**37,012**
**86,806**| ||**15,345**
**49,170**
**4,844**
**45,086**
**114,446**
**162,268**| ||**15,345**
**49,170**
**4,844**
**45,086**
**114,446**
**162,268**
15,345
—
—
—
15,345
33,519
—
2,615
—
—
2,615
—
—
1,697
—
—
1,697
—
—
9,787
—
—
9,787
17,617
—
719
—
—
719
300
—
34,351
—
—
34,351
46,612
—
—
50
—
50
1,000
—
—
1,183
—
1,183
163
—
—
734
—
734
927
—
—
3,717
—
3,717
—
—
—
178
—
178
2,640
—
—
(2,151)
—
(2,151)
15,374
—
—
856
—
856
—
—
—
275
—
275
100
—
—
—
45,086
45,086
44,014| ||**15,345**
**49,170**
**4,844**
**45,086**
**114,446**
**162,268**| _Malvern Link with Cowleigh PCC Registered Charity No. 1133920_ _Page 3_ ## **Parish of Malvern Link with Cowleigh** ## Note 1 – Accounting Policies The financial statements are prepared under the Church Accounting Regulations and Charity Commission financial guidance. The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. ## **Funds** Unrestricted Funds represent the general funds of the PCC that are not subject to any restrictions regarding their use and are available for application to the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided, via PCC-specific notes where appropriate. Endowment funds, where the capital must be retained, are also explained via PCC-specific notes where appropriate. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. ## **INCOMING RESOURCES** ## _**Voluntary income and fundraising**_ Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. Grants and donations are included in the SOFA when any preconditions preventing their use by the PCC have been met. For collections and planned giving, this is when the funds are received. Gift Aid and other tax claims are included in the SOFA at the same time as the donations to which they relate. Funds raised by fêtes, garden parties and similar events are accounted for gross. Sales of books and magazines from the church bookstall are accounted for gross. ## _**Other income**_ Rental income from the letting of church premises is recognized when the rental is due. ## _**Investment gains and losses**_ Realized gains or losses are recognized when investments are sold. Unrealized gains or losses are accounted for on an annual revaluation of investments at 31 December. Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognized in the same accounting year. Gifts in kind for sale to fund the PCC are included in the accounts at their estimated market value at the date of gift, if feasible, or else recognised when sold by the charity. The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report. ## **RESOURSES EXPENDED** ## _**Grants**_ Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. ## _**Activities directly relating to the work of the church**_ Parish Share is acknowledged by the Diocese as a request for voluntary payment. Any shortfall in one year should normally be treated as a creditor on the balance sheet. In exceptional circumstances the Diocesan policy is to ask parishes to pay whatever they can. They do not expect churches to draw down on their reserves to pay Parish Share. _Page 4_ ## _**Governance costs**_ Governance costs include costs of the preparation and examination of statutory accounts, the costs of trustees’ meetings and cost of any legal advice to trustees on governance or constitutional matters. ## **ASSETS** ## **Fixed assets** ## _**Consecrated property and movable church furnishings**_ Consecrated and beneficed property of any kind is excluded from the financial statements by Section 10(2) (a) and (c) of the Charities Act 2011. Movable church furnishings held by the incumbent and churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the Church's inventory, which can be inspected (at any reasonable time). For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. For items acquired since 1 January 2000, where the trustees consider these to have enduring economic value, these are capitalized at cost and depreciated in the financial statements over their currently anticipated useful economic life (over four years unless otherwise stated) on a straight-line basis. For items acquired since 1 January 2000, where the trustees instead consider these to be like-for-like replacement expenditure of no enduring economic value, these are written off when the expenditure is incurred. All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £1,000 or the repair of movable church furnishings acquired before 1 January 2000 is written off. ## _**Other fixtures, fittings and office equipment**_ Items of office, communications, audio-visual and domestic equipment with an initial purchase price of greater than £1,750 at 2020 values are taken into the balance sheet at the time of purchase and depreciated (over a four year period unless otherwise stated) on a straight line basis. Acquisition of items with a purchase price of £1,750 or less are treated as expenditure. ## _**Investments**_ Investments are valued at market value at 31 December. ## _**Current assets**_ Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for any amounts that may prove uncollectable. Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank. ## **LIABILITIES** Liabilities are recognised as soon as the legal or constructive obligation arises. _Malvern Link with Cowleigh PCC Registered Charity No. 1133920_ _Page 5_ ## **Analysis of Income** ## **1 January to 31 December 2021** |**Note 2**
**Donations and legacies**
Gift Aid - Standing Orders
Gift Aid - Envelopes
Non Gift Aid planned giving
Loose plate collections
White Gift Aid Envelopes
Donations appeals etc
Tax recoverable on Gift Aid
Legacies
Non-recurring one-off grants
Other funds generated
Arts Centre Grants and Donations
CYPF Donations
Ascension Toilet Grants and
Donations
St M Organ Refurb Grants &
Donations
Contemplation Grants and Donations
Total
**Income from charitable activities**
Fees for weddings and funerals
Contemplation Sales Income
Dementia Centre - Members
subscriptions
Total
**Other trading activities**
Fundraising Gross
Church hall lettings - Link Room
Church hall lettings - Ascension
Church hall lettings - St Peter's
Arts Centre Events Sales
Arts Centre Hospitality Sales
Total
**Investments**
Dividends
Bank and building society interest
Total
**Other income**
Insurance claims
Total||**Unrestricted Designated Restricted Endowment This year Last year**
57,374
—
—
—
57,374
48,920
1,707
—
—
—
1,707
5,811
2,196
—
—
—
2,196
1,171
2,710
—
—
—
2,710
2,829
589
—
—
—
589
1,517
20,802
664
3,592
—
25,059
35,315
20,479
—
230
—
20,709
18,767
10,000
—
1,000
—
11,000
8,238
10,771
7,256
76,919
—
94,946
50,786
512
—
3,513
—
4,025
5,236
—
2,400
—
—
2,400
—
—
—
659
—
659
865
—
—
—
—
—
100
—
—
—
—
—
168
—
—
100
—
100
5,440| |---|---|---| |||127,143
10,320
86,014
—
223,478
185,166
6,121
—
—
—
6,121
4,618
—
—
180
—
180
156
—
1,697
—
—
1,697
—| |||6,121
1,697
180
—
7,999
4,775
3,349
—
432
—
3,782
4,332
1,480
—
—
—
1,480
1,217
6,861
—
—
—
6,861
4,087
2,050
—
—
—
2,050
815
—
2,550
—
—
2,550
1,103
—
585
—
—
585
602| |||13,741
3,135
432
—
17,309
12,157
2,053
—
—
—
2,053
3,541
4
—
—
—
4
36| |||2,058
—
—
—
2,058
3,578
—
—
—
—
—
2,318| |||—
—
—
—
—
2,318| |**INCOME TOTAL**||149,064
15,153
86,627
—
250,845
207,995| _Page 6_ ## **Analysis of Expenditure** ## **1 January to 31 December 2021** ## **Note 3** |**Note 3**||||||| |---|---|---|---|---|---|---| ||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**|**Last year**| |**Raising funds**||||||| |Costs of applying for grants|—|—|—|—|—|449| |Costs of stewardship campaign|91|—|—|—|91|104| |Costs of fetes & other events|5,899|—|—|—|5,899|20| |Total|5,991|—|—|—|5,991|573| |**Expenditure on charitable activities**||||||| |Costs of fundraising database|462|—|—|—|462|—| |CYPF Equipment and Materials|7|3|505|—|516|319| |CYPF Salaries and Admin|—|—|180|—|180|—| |Branding and Marketing|3,977|280|18,417|—|22,675|13,601| |Contemplation programme|—|—|580|—|580|407| |Contemplation Library|—|—|244|—|244|1,069| |Contemplation Equipment|—|—|456|—|456|4,422| |Contemplation Training|—|—|1,225|—|1,225|3,455| |Contemplation Course Running Costs|—|—|—|—|—|38| |Giving to missionary societies|570|—|—|—|570|—| |Giving - relief and development|90|—|—|—|90|—| |agencies||||||| |Home mission|5,338|3,796|980|—|10,115|1,546| |Secular charities|440|—|—|—|440|—| |Ministry parish share etc|53,066|—|—|—|53,066|56,066| |Assistant staff costs|714|—|—|—|714|270| |Dementia Centre Manager|—|—|2,540|—|2,540|—| |Staff Salaries|32,685|—|—|—|32,685|24,200| |Working expenses of incumbent|1,894|—|40|—|1,934|2,568| |Parsonage house expenses|230|—|—|—|230|478| |Vicar's telephone|936|—|—|—|936|788| |Parish training and mission|3,643|—|2,182|—|5,826|2,105| |Dementia Centre training|—|—|6,971|—|6,971|—| |Church running - insurance|5,950|—|—|—|5,950|5,561| |Church office - telephone|5|—|—|—|5|—| |Organ / piano tuning|683|—|—|—|683|312| |Church maintenance|30,246|9,086|17,937|—|57,269|37,228| |Cleaning|5,016|—|—|—|5,016|2,372| |Upkeep of services|6,810|—|—|—|6,810|25,612| |Music|110|—|388|—|498|47| |Organist contract fee|3,999|—|—|—|3,999|2,666| |Upkeep of churchyard|9,341|—|—|—|9,341|8,342| |Dementia Centre furniture/equipment|—|—|20,155|—|20,155|—| |Administration|16,627|—|506|—|17,133|6,740| |St M Church running - electric|3,215|—|—|—|3,215|1,667| |Asc Church running - electric|889|—|—|—|889|629| |St P Church running - electric|408|—|—|—|408|334| |St M Church running - gas|1,723|—|—|—|1,723|773| |Asc Church running - gas|438|—|—|—|438|571| |St P Church running - gas|1,034|—|—|—|1,034|1,137| |St M Church running - water|150|—|—|—|150|206| |Asc Church running -water|252|—|—|—|252|192| |St P Church running - water|71|—|—|—|71|122| |Asc Hall running - electricity|473|—|—|—|473|494| |Asc Hall running - gas|755|—|—|—|755|797| |Asc Hall running - maintenance|115|—|—|—|115|138| |Governance costs examination/audit|100|—|—|—|100|300| |fee||||||| |Write-off of fixed assets|1,339|—|—|—|1,339|—| |Dementia Centre decoration/building|—|—|11,575|—|11,575|—| |work||||||| |Total|193,812|13,166|84,888|—|291,868|207,587| _Page 7_ |
**Other expenditure**
Arts Centre Events Costs
Arts Centre Administration
Arts Centre Equipment Purchases
Arts Centre Hospitality Consumables
Total||**Unrestricted Designated Restricted Endowment This year Last year**
—
1,748
—
—
1,748
923
534
1,106
—
—
1,640
513
—
448
—
—
448
1,328
—
281
—
—
281
38| |---|---|---| |||534
3,585
—
—
4,119
2,803| |**EXPENDITURE TOTAL**||200,338
16,752
84,888
—
301,979
210,964| _Malvern Link with Cowleigh PCC Registered Charity No. 1133920_ _Page 8_ ## **Statement of Assets and Liabilities** ## **As at 31 December 2021** ## **Note 4** ||**Unrestricted Designated**
**Restricted Endowment**
**This year**
**Last year**| |---|---| |**Fixed assets - Investments**
St M Income Fund Investment -
St M Growth Fund Investment -
St M Churchyard Investment -
St M Ecclesiastical Investment -
**Totals**
**Fixed assets - Tangible assets**
Copier Printer -
**Totals**
**Current assets - Cash at bank and in hand**
CAF current account -
St Matthias Churchyard account -
St Matthias CBF Deposit Account -
St Peter's CBF Deposit Fund -
Cash in hand -
**Totals**
**Current assets - Debtors**
Accounts Receivable -
**Totals**
**Liabilities - Creditors: Amounts falling due in**
**one year**
Accounts Payable -
**Totals**
**Grand total**|—
10,490
—
—
10,490
11,237
—
23,857
—
—
23,857
20,871
—
—
—
22,005
22,005
23,571
—
—
—
21,080
21,080
18,442| ||**—**
**34,347**
**—**
**43,086**
**77,433**
**74,122**
—
—
—
—
—
1,339| ||**—**
**—**
**—**
**—**
**—**
**1,339**
8,089
5,824
7,735
—
21,649
78,713
114
—
20
—
134
371
986
9,620
—
2,000
12,606
1,589
169
—
—
—
169
169
4
—
—
—
4
4| ||**9,363**
**15,444**
**7,756**
**2,000**
**34,565**
**80,849**
8,860
—
167
—
9,028
7,202| ||**8,860**
**—**
**167**
**—**
**9,028**
**7,202**
2,878
622
3,079
—
6,580
1,244| ||**2,878**
**622**
**3,079**
**—**
**6,580**
**1,244**| ||**15,345**
**49,170**
**4,844**
**45,086**
**114,446**
**162,268**| _Malvern Link with Cowleigh PCC Registered Charity No. 1133920_ _Page 9_ ## **Year ending 31 December 2021** ## **Note 5 - Tangible fixed assets** A Copier Printer, value £1,339 was written off on 5 October 2021. The cost of transferring the old photo copier from St Matthias Church to the new parish office at Ascension Church, including allowances for any repairs necessitated by the move, was deemed uneconomical. Actual market value, as opposed to the depreciated book value of the old copier, was discovered to be minimal. Write off and disposal was the best available course of action. |**Note 6 – Debtors**
**£**
Insurance prepayment
Link Room hire
Gift Aid Unrestricted

St Peter’s hire
St Matthias hire
Book sales
Book sales
Book sales
Ascension Hall hire
**Total Unrestricted8 **
Gift Aid Restricted
**Total Restricted**
**Note 7 – Creditors**
Gas/Electricity

NEST Pensions
Vicar’s expenses

Other expenses

Printing
Independent Examiner
Printing
St Peter’s heater repairs
Website

**Total Unrestricted **
St Peter’s Artist fees
**Total Designated**
Training

Marketing
Vicar’s expenses

Marketing
Other expenses
Dementia Centre Manager

**Total Restricted**|468.51
420.00
6,507.82
600.00
45.00
280.00
279.00
100.00
160.00
**,860.33**
167.70
**167.70**
1,669.06
135.75
179.30
123.87
247.94
100.00
34.00
334.98
54.00
**2,878.90**
622.00
**622.00**
350.00
300.00
12.00
200.00
18.51
2,199.34
**3,079.85**| |---|---| ## **Note 8 – Trustee Remuneration, Expenses and Donations** Payments were made to PCC members for expenses, on production of receipts. ## **Note 9 – Related Party Transactions** The PCC paid Barbara Johnson £5,582 up to May 2021, being gross pay plus employer pension contributions. This represented salary as digital lead for all our websites, streaming online services, video editing, graphic design and marketing. Barbara is married to Vicar Phillip Johnson. _Page 10_ ## **Fund transfers** We were thankful to receive a grant of £30,000 from the University of Worcester to set up the new Dementia Meeting Centre at St Matthias. Elements of this grant cover payments for Link Room use, plus refurbishment, and a proportion of parish administration costs, which together make up £19,300 justifying the transfer on 23.9.21 from the Dementia Fund Restricted to the General Fund, thereby using the grant for the legitimate purposes for which it was intended. The £16,000 balance of a Heritage Fund Financial Resilience grant on 4.12.20 was also transferred on 23.9.21 from the Operational Reserve Fund Designated to the General Fund to cover consultancy and book keeping costs. ## **Grants** We are extremely grateful for all the following grants received during 2021: |£1,334|Malvern Hills District Council| |---|---| |£934|“| |£2,001|“| |£5,000|Worcestershire Community Foundation| |£1,800|All Churches Trust| |£2,096|Malvern Hills District Council| |£3,513|McLay Dementia Trust| |£2,601|Co-op Local Community Fund| |£1,429|Malvern Hills District Council| |£10,000|Eveson Trust| |£10,000|Rowlands Trust| |£2,500|Heritage Lottery Fund| |£1,477|Malvern Hills District Council| |£10,000|Ellis Charitable Trust| |£450|Baron Davenport’s Charity| |£30,000|University of Worcester| |£2,400|Film Hub Midlands| |£8,349|Co-op Local Community Fund| |£3,017|Worcestershire County Council| |£1,000|Malvern Rotary Club| |£700|Malvern Hills District Council| _Malvern Link with Cowleigh PCC Registered Charity No. 1133920_ _Page 11_ **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** > **Report to the trustees/** Parish of Malvern Link with Cowleigh **members of On accounts for the year** 31 December 2021 **Charity no** 1133920 **ended (if any) Set out on pages** 1 to 11 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **31 December 2021** . - **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ **Date:** 25 February 2022 **Signed: Name:** Ian Jarvis **Relevant professional** FCA **qualification(s) or body** Institute of Chartered Accountants in England & Wales **(if any): Address:** The Guesten 15 College Green Worcester. WR1 2LH 1 ## **Section B Disclosure** Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). ## **Give here brief details of any items that the examiner wishes to disclose** . I found the accounting records to be in an excellent state and the accounts had been properly prepared from the records. Therefore nothing else to report. 2