## **SWINDON OLD TOWN PARTNERSHIP OF CHURCHES** ## **CHRIST CHURCH WITH ST MARY�S** ## **ANNUAL REPORT AND** ## **FINANCIAL STATEMENTS** **OF THE PAROCHIAL CHURCH COUNCIL for the year ended 31[st] December 2021** **Registered Charity Number 1134032** Page **1** of **27** ## **Contents** _**Trustees� Annual Report .................................................................................................................................... 3**_ **Charitable objects ............................................................................................................................................ 3 Our vision ........................................................................................................................................................ 3** _**Trus tees� Re�ie� of ���� .................................................................................................................................. 3**_ **How did we meet our goals for 2021?............................................................................................................... 3 People Matter and Outreach ............................................................................................................................ 3 Community Centre Activities ............................................................................................................................ 4 Eco church ....................................................................................................................................................... 4 Forward Focus and Transformation .................................................................................................................. 4 The Rose Garden .............................................................................................................................................. 5** _**What are our goals for 2022? ........................................................................................................................... 5**_ **Presenting the Christian faith ........................................................................................................................... 5 Growing new leaders and succession planning.................................................................................................. 6 Transforming Church together.......................................................................................................................... 6** _**Buildings and Grounds Report .......................................................................................................................... 7 Achievements and performance ....................................................................................................................... 7 Trustees during the Year ................................................................................................................................... 9 Structure, management and governance: ..................................................................................................... 10 Financial Review .............................................................................................................................................. 11**_ **Income .......................................................................................................................................................... 12 Expenditure ................................................................................................................................................... 13 Reserves policy .............................................................................................................................................. 13** _**Independent Examiner's Report 2021 ............................................................................................................ 14 Financial Reports 2021 .................................................................................................................................... 15**_ Page **2** of **27** ## **Trustees ’ Annual Report** ## **Charitable objects** The objects of the Charity are: promoting in the ecclesiastical parish the whole mission of the Church. ## **Our vision** ## **To be Christ�s Church in the community** **Our mission:** By proclaiming Christ through teaching and example: - By welcoming and serving all through hospitality. - By encouraging people to find God through worship, faith, and prayer. - By providing a spiritual home and resources for the local community. - B� ������������ S������ ��� ������ ���� G���� ���� ��� ����������� We will do this with humility, grace, and respect, listening prayerfully to God and our neighbours. ## **Trustees ’ Review of 2021** ## _**How did we meet our goals for 2021?**_ Our Bible verse for 2021, 1 Peter 1,3 Blessed be the God and Father of our Lord Jesus Christ! By his great mercy he has given us a new birth into a living hope through the resurrection of Jesus Christ from the dead. This Bible verse reminded us continually, through the uncertainty of the Covid 19 pandemic, that we are here to proclaim the Christian faith, support people in all circumstances in life, and to share the living hope we have in Jesus Christ. ## _**People Matter and Outreach**_ We have worked very hard on keeping people safe so that activities could continue as much as possible in C����� C������ S� M����� ��� ��� C�������� C������ �� ���� ��������� ������ ���� ����� anxieties and welcomed an encouraging number of newcomers to our Christian community. - We ran the Wellbeing Journey for 13 people. - Provided facilitated training for 16 people in Mindfulness. - We joined The Pattern Church in providing an online virtual Alpha for 8 people as a follow up to our Partnership Confirmation. - We deepened our welcome with increased support on Sundays and through our Keeping in Touch (KIT) pastoral support scheme which kept us in relationship with 120+ people. - T�� M���� B�������� ��������� �� ��� A����� . - Home Groups have met regularly. - A Parish Pilgrimage to Iona for 8 people took place in September. Page **3** of **27** With our Old Town Partnership, we raised £8,300 for the school in Desai, Kenya. This was in partnership with Rotary in Swindon so will benefit from matching grants which will take our gifts together to approx. £22,000. Unfortunately, due to Covid-19 and the shortage of available volunteers our Partnership Messy Church has not yet restarted. We are concerned that while we have restarted Sunday Club once a month, we are seeing less of our children and young families. We have continued our ministry of encouragement and spiritual support for our local schools who also enjoy their visits to Christ Church. We held two Quiet Retreat days for groups of 10, reflecting �� G���� �������� �� ��� challenge of suffering and Covid-19 and using our Christian imagination. The Revd Mark S�������� placement in October was very encouraging in this area through his preaching and leading our Quiet Day. While we have been encouraged, we remain concerned that about the one quarter of our membership have not yet returned to public worship since Covid began in March 2020. ## _**Community Centre Activities**_ With lockdown, the community centre was not able to be open for all its usual users. This meant that we found new customers in support groups. As a community centre this was a good opportunity to help groups that offer vital services to our community. The new groups include Shine PND (post-natal depression), Alcoholics Anonymous, and the Swindon Carers Centre. Our afternoon tea group reopened and has particularly offered support for dementia sufferers. We also ran our annual beer festival for the first time in a couple of years. While it had a reduced capacity due to Covid-19, we were able to provide an amazing fundraising event for the church and community. ## _**Eco church**_ We are very grateful to Phil Mansfield, Daniel Pitt, Stephen Grosvenor and Ian Handy for all their help alongside the Staff team and PCC in progressing this; we have successfully achieved the A R���� UK�� E�� Church bronze accreditation. Our plan is to reach the silver accreditation. We are well on the way but need to manage our grounds and burial areas in an ecologically sustainable way. ## _**Forward Focus and Transformation**_ We have supported our Bristol Diocese in the groundwork for Transforming Church Together particularly with webinars and the plan to reach net zero for Carbon emissions by 2030 having declared a climate emergency as a Diocese in November 2019. We have taken part to a limited extent with _Living in Love and Faith_ with a few people taking part in webinars and the 5-session course. Page **4** of **27** We have gradually developed our worship pattern with a new _Christ in Quiet_ service on Wednesday morning at 10.30am, an 8am Holy Communion service from Advent Sunday onwards and evening worship twice a month. We are grateful to the choir and music group for all their support and adaptability. The Community Centre has had a positive year. Our _Alone at Christmas_ initiative meant that 157 people received the gift of a Christmas hamper which was very much appreciated. The Friends of Christ Church have been a considerable support as always. The Christmas Market with 30 charities involved raised over £4000 in November. The Friends also made a number of donations to enable works in the former Rose Garden and some repair works in the church. While we continue to encourage new vocations, it is a constant challenge to grow new leaders. We were delighted to elect Nitin Shinde as the first Asian Church Warden at Christ Church which is part of our vision to be a church for all nations. Also, to form a new verging team with assistant Alex Davies joining our verger, Sandie Rule. Easter, Pentecost, Harvest and Advent and Christmas were special times of community celebration from which we had many encouraging comments. Once again, Simon accepted the invitation to become Chaplain to the Mayor Councillor Gary Perkins. Simon also entered his 30[th] year as a Football Club Chaplain encouraging renewal and new life in our wider community. ## _**The Rose Garden**_ A lot of time has been put into renewing the church grounds especially around the former Rose Garden. Many appreciative comments have been received from the wider community as a result of the renewal work and our careful communication. ## **What are our goals for 2022?** Isaiah 60 verse 1 is our parish Bible verse for this year Arise, shine; for your light has come, ��� ��� ����� �� ����L������� ����� ���� ���� ## _**Presenting the Christian faith**_ With this faith and expectation, wherever possible, we will present the Christian faith joyfully, passionately, and humbly, to all the people we meet. We will do this in a whole variety of ways both traditionally, but also boldly, creatively, and imaginatively, particularly through our worship, teaching, and small groups. Page **5** of **27** As a learning community, we pray and plan that we will grow in number, faith, commitment, and in the impact, we have on our Swindon community. We continue to develop our online offerings and resources with an enhanced social media presence. We plan to grow our Facebook and Twitter following (currently 1,195 and 487 people respectively) to increase an awareness of our presence in the community. We have 73 subscribers to our You Tube channel where we stream our weekly services. We look forward to updating our audio-visual facilities both at Christ C����� ��� S� M����� as a result of a generous gift from The Kingshill Trust for which we are incredibly grateful. We are planning a congregational weekend at home from 15[th] -17th September. The purpose of this will be having fun together sharing activities and meals. We plan to restart Messy Church with our Old Town Partnership colleagues to increase our support for young families. We look forward to welcoming Rachel Collins as our new Methodist Probationer Minister at Bath Road in August when Mark Barrett retires after 13 years as our Methodist Minister colleague. ## _**Growing new leaders and succession planning**_ We are enormously grateful to Caroline Pitt for her 7 years of service as Chair of the Friends of Christ Church. She will be retiring �� ��� F������� AGM in May 2023. We are equally grateful to Andrew Yeoward who is planning to retire as our PCC Treasurer after five ������ service after the APCM in 2023. We will pray and look earnestly for the right people to fill these roles in addition to seeking a new PCC secretary. We continue to be blessed by having Ailsa Palmer filling in as our PCC minute Secretary, now for three years, since the death of our dear friend Peter Ford. We will continue to encourage the growth and sharing of spiritual and practical gifts within our gifted Christian community in the service of God. We are encouraged by those in the congregation testing their Christian vocation to both ordained and lay ministry. We pray and expect this to continue over this coming year. ## _**Transforming Church together**_ We look forward to supporting our Bristol Diocese in the development of our next strategic plan to encourage growth in all areas of our Christian mission and ministry. Page **6** of **27** We will endeavour to complete the actions resulting ���� ��� A����������� T�������� Inspection report which includes appointing a new Church Architect and completing sharing agreements for the other Christian churches who use our buildings. We plan to further develop Safeguarding policy for children and vulnerable adults, health and safety, financial management and wise governance as the vital professional golden thread running through all we do as a Christian community. Above all, we want to be known, even more in these challenging changing times, as the Beacon on the Hill for the quality of our love, service, and outreach, as much as for our beautiful buildings and grounds. May God guide us forward as partners together in mission in the power of the Spirit. We are excited to discover what He has in store for us in our continuing adventure of faith. ## **Buildings and Grounds Report** 2021 marked a year of consolidation. Covid continued to slow progress in all areas. The work of the buildings committee continued however with the development of our service streaming capability and the replacement of some of our IT equipment in Christ Church. At the same time, remedial works were carried out in our two properties in Cricklade Street. The day-to-day tasks of ensuring that all our buildings are kept in a safe and workable state continued and face to face meetings were resumed, albeit with careful social distancing. Special mention should be made of Daniel Pitt, who has continued to lead on our energy usage and negotiations with energy suppliers and who has maintained our church heating system throughout to ensure that the building is efficiently heated. Also, to Mike Palmer and the Friends of Christ Church whose work, behind the scenes, has ensured that our doors close correctly and our keys work. The former Rose Garden project continued throughout 2021 led by Ian Handy and his team, assisted by Caroline and Daniel Pitt who ensured that all the plaques in the garden were mapped and replaced once the groundworks were completed. We plan to complete phase 3 of the Rose Garden renewal work which will make a huge difference in appearance and ambiance for our many visitors. As the year ended, we were able to appreciate the skilled succession planting in the garden and look forward to the Spring when its full glory will be revealed. ## **Achievements and performance** Church attendance - At the APCM (25 April 2021) our electoral roll stood at 151. - Our worshipping community is approximately 151 children and adults. Baptisms: Thirteen children under ten years and one adult. Marriages: Nine couples married in Christ Church. Page **7** of **27** Bereavement ministry: Our staff team took 23 funeral services in church. The ministry team conducted 31 interments of ashes and committals only. Offsite our team conducted 14 funeral services, down from 23 in 2020. Written on behalf of the PCC by the Revd Canon Simon Stevenette on 20[th] January 2022. Administrative information **Incumbent:** Revd Canon Simon M Stevenette Christ Church Vicarage 26 Cricklade Street Swindon SN1 3HG **Lay chair from APCM (2021)** J�� D�A���� 122 Kingshill Road Swindon SN1 4LQ ## **Christ Church with St Mary�s, Old Town, Swindon:** - is a Church of England parish within the Swindon Deanery of the Diocese of Bristol. - serves a population of approximately 15,000. - the parish includes 4 primary schools, 3 secondary schools and many residential and nursing homes. - has a staff/ministerial team of 11 (of which 1 is stipendiary) - is in Cricklade Street, with St Mary's in Commonweal Road, both in the Old Town area of Swindon. - has its parish office at The Community Centre @ Christ Church, Cricklade Street, Swindon, SN1 3HB. The telephone number is 01793 522832, and email parishoffice@christchurchswindon.co.uk - maintains the Christ Church website **:** www.christchurchswindon.co.uk. has its Vicarage at 26 Cricklade Street, Swindon, SN1 3HG, telephone and fax (01793) 529166 and email simon@christchurchswindon.co.uk Page **8** of **27** ## **Trustees during the Year** *Trustees The PCC comprises the Vicar, two churchwardens, three representatives on the Swindon Deanery Synod, and up to 15 other elected members. The members of the PCC are the Trustees of Registered Charity number 1134032. ## **Ex officio members:** *Rev � d Canon Simon Stevenette � Vicar *Rev � d Norma McKemey � Associate Minister *Daniel Pitt (Ex officio as chair of Old Town Partnership of Churches) - J�� D�A���� � Churchwarden (Lay Chair from 2021) - Nitin Shinde � Churchwarden (from 2021 APCM) - Anne Macmillan � LLM - *Andrew Yeoward � Treasurer ## **Elected members:** - *Ruth Awinyo (from 2019, until 2022 APCM) - Charles Vince (from 2019, until 2022 APCM) - *Sean Bolger (from 2020, until 2023 APCM) *Steve Cox (from 2020, stepped down 2021) *Rose Earle (from 2020, until 2023 APCM) - *Mike Frost Foster (from 2020, till 2023 APCM) - Sue Clack (from 2021, until 2024 APCM) - Hannah Feeny (from 2021, until 2024 APCM) - *Anne Grainger (Deanery Synod, from 2020 APCM) - *Kevin Penfold (Deanery Synod, from 2020 APCM) ## **Non-voting Attendees:** Ailsa Palmer � acting PCC minutes secretary Chris Smith � Community Centre @ Christ Church Development Manager Sandie Rule - Verger Helen Parker-Drabble � Parish Administrator ## **Other officeholders:** � Stephen Grosvenor Gift Aid secretary Alison Harris � Electoral Roll Officer Carol Simmons � Parish Clerk Safeguarding team: Norma McKemey, Pam Bridgeman and Ailsa Palmer Vulnerable adult adviser: Nitin Shinde Page **9** of **27** ## **Ministerial staff team Vicar** Revd Canon Simon Stevenette **Licensed Lay Ministers Associate Ministers** Margaret Williams (LLM emeritus from Dec 2020) Revd Norma McKemey Genny Williams Revd Daphne Hardwick Anne Macmillan Revd David Day Carol Simmons Ailsa Palmer Kevin Penfold (from 2019) ## **Banks:** Lloyds Bank plc, 5 High Street, Swindon, SN1 3EN ## **Independent Examiner:** J Gare FCA DChA, MHA Monahans, 38-42 Newport Street, Swindon, SN1 3DR The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity no. 1134032 ## **Structure, management and governance:** ## **The Trustees** The Trustees of Christ Church are the PCC, which has the responsibility of co-operating with the Vicar in promoting the work of the Church in the parish. The appointment of PCC members is governed by and set out in the Church Representation Rules. The PCC is responsible for a wide range of activities affecting the parish including, but not restricted to, compliance with statutes and legislation and the creation of suitable policies and procedures to protect those considered to be vulnerable. It is important that the PCC adopts and implements suitable training procedures to ensure that members are equipped to handle the challenges this represents. In addition to the dissemination of appropriate reading matter, the PCC actively encourages individuals to attend training courses arranged by the Diocese or Deanery and to report back to the PCC as a body. The PCC actively encourages members of its congregation to register on the Electoral Roll and stand for election to the PCC. ## **The PCC has:** A Standing Committee � contact � PCC Secretary And 7 subcommittees that report back to the PCC: Page **10** of **27** � The Reopening (COVID-19) Working Group contact Daniel Pitt (still operating as at 31 December 2021 but it is anticipated that this WG will be wound up as soon as COVID-19 circumstances allow.) - Buildings and Site Development � contact Stephen Grosvenor/Michael Palmer - Mission and Evangelism � Ailsa Palmer - Church Family � contact Pam Bridgeman/Anne Macmillan - Finance and Governance � contact Daniel Pitt/Andrew Yeoward - Children and Youth � contact Dorothy Gatherum - Community Centre Events and Networks Group � Contact Chris Smith The PCC has delegated authority to the Standing Committee to make day-to-day decisions when it is not practicable in terms of timescale to wait for the full PCC to convene and decide. This delegation may be withdrawn by the PCC at any time, and any decisions made by the Standing Committee under this authority must be approved by the PCC at the next suitable opportunity. ## **Trusts related to the PCC** - Swindon United Charities - Christ Church Burial Board - The Friends of Christ Church ## **Risk assessment** The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The PCC encouraged members of the congregation to abide by the lone working policy. The PCC agreed a policy on vulnerable adults. The PCC endeavours to undertake risk assessments for events it manages. The PCC has a child protection policy. The PCC has reviewed the major risks facing them and systems/procedures have been/are being established to manage those risks. ## **Public benefit** �� ���� �������� �� ��� �������� ��������� �� ��� C������ C����������� ������� �������� �� ������ ������� when reviewing our aims and objectives and in planning our future activities. ## **Financial Review** ## **Charitable activities** This year, the activities of the PCC have continued to be affected by the coronavirus pandemic lockdowns, but with the help of government and other support the PCC has weathered the challenges well. The Community Centre had continued to be a large focus for our engagement with our local community. There were many regular groups that meet there including: exercise (for children and adults); dancing (for toddlers, children and adults); groups from other churches; a sewing group; a watercolour painting group; and many others. The outreach activities have resumed following the relaxation of the 2020 lockdowns, particularly helping the many lonely people in our area including the weekly afternoon tea on Tuesdays. We have continued with policies established in 2004, of our designated mission giving being restricted to the amount collected in the offerings on special Mission Giving Sundays. On these weeks we have a focus on Page **11** of **27** the work of the different organisations that we support. The total mission-giving contribution in this challenging year was £3,052 including gift-aid tax recovery which was sent to support the work of Desai (through the Old Town Partnership of Churches), Swindon food collective, WaterAidUK and Swindon Mind Our net parish share contribution was set at £95,000 at the beginning of the year. This contribution level was based on � ���������� ����������� �� ��������� ������ �� ���� ����� ��� �������� ������ ��������� However, during the year it was recognised that the PCC finances were sufficiently robust to support a further increase to a total Parish Share of £105,006. As a consequence of this, the budgeted parish share contribution for 2022 was also set at £105,000. �� ���� ��������� ��� �� ��� ������������ J�� R�������� S����� �JRS�� ���� ��� ���� ��������� ������ employers plus the Director of Music and the parish administrator being put on flexible furlough through to its termination in September 2021. This enabled us to move forward with some degree of confidence at a highly uncertain time and retain the services of all our employees at 100% salary levels. ## **Fund-raising** Some of the usual fundraising activities including the beer festival were reinstated this year, contributing significantly to our funds. ## **Endowment and Restricted Funds** There have been no changes in the endowment fund this year except for increases in the value of invested funds. A���� ���� ��� ������������ J�� R�������� S������ �� ���� ��������� �� ������� ����������� ������ ��� donations. These included £30,000 from the Lottery Fund to be used in the first six months of the year on the operation and maintenance of the Community Centre. This was credited to the Community Centre Restricted Fund. It was spent on salaries, energy, insurance and other running costs. These costs overran the funds available in the Restricted fund, so an end of year transfer was made from the Community Centre Designated Fund to credit the Restricted Fund. ## **Church Reordering/Development and Renewal Projects** There were generous donations towards the continuation of the development and renewal of the churches and grounds. In particular £4,366 was received in donations towards the refurbishment of the Rose Garden. This did not however cover the cost of all the works, and the balance was underwritten by an anonymous, but generous, donor. Donations and grants were also received to support the development of our audiovisual capabilities, including £7,000 from the Kingshill Trust, and £550 from a generous private donor. These credits and consequent expenses were attributed to the Property/Maintenance and Development & Renewal restricted funds ## _**Income**_ Total receipts of unrestricted funds were £258,000 in 2021, up from £236,000 in 2020. This is partly explained by the relaxation of coronavirus lockdown. In addition, receipts for restricted funds, including Property & Maintenance and Organ funds, was £45,870, up from £4,165 in 2020, being significantly boosted by the £30,000 lottery grant. Legacies totalling £1,100 were received in 2021 Page **12** of **27** The °donation income. {see note 2a In the accounts below) was significantly hi8her than last year, Thank you very much to all who have supported the PCC durin8 2021, in which nearly £103,000 was received in donations. The Community Centre lettlngs were back up to £52,850 from £29.7fA) in 2020. Expenditure £262,976 was spent to provide the Christian Ministry of Christ Church and St Marfs Churches durlng 2021 which includes one off develowient and renewal costs of £5,OCK). This compare5 With £249,000 spent in 2020. This figure includes our Parith Share Contribution of £105,006. which is commented on abcNe as is £20.OCrf) morethan in 2020. Other reduced costs included church maintenance costs and lower development and renewal costs. Reserves policy It is PCC policyto maintain (whenever possible) sU￿ltient general fund5. equating to four months of 'normar turnover, in order to cover unplanned Situations that may occur from time to time. This is measured as one third of the budgeted income for the year. The General Fund Income Budget for 2021 is £167,760 so four months of this V￿uld equate to £55,920. The total funds held at 31 DeCeM￿r 2021 were £1.126,210. of which £1,069.003 was held in Unrestricted Funds (see Note 6 In the accounts below). However, £641,688 of that is tied up in the TarEible Assets (l.e. the Community Centrel {Notes 5a & 61, £292,260 in investments (Note 61. and £41.139 is in designated funds for the on8oing running of the Community Centre. and other debtors. £10,669 is also in the Development & Renewal and Property & Maintenance funds. This leaves a reserveof E83,267 which is£27,OLKI over the 2022 rese￿e5 target. We will continue to monitor this situation during the year. In 2019, it was decided to set a reserves policy of E40,OLX) for the community centre fund& This dropped below that figure in 2020. but the fund is currently at £40.265, ab(yrfe the policy figure. It is our Current policy to invest surplus funds with the CBF Church of England Deposit Fund. Approved by orderof the board of trusteeson Z8th March 2022and signed on its behalf bv: Trustee T ytrow4lL5) Page 13 of 27 Independent Examlner's Reportto the Trustees of The Parochlal Church Council Of The Ecclesiastlcal Parish LY Christ Chijrch Wlth St Mary's Swindon I report to the charty trustees on my examination of the accounts of the charlty for the year ended 31 December 2021 which are set out on pages 15 to 27. Responsibllltles and basis of report As the charitys trustees you are ￿sponSible ft)r the preparation of the accounts in accordance wth the requirements of the CharitiesArt 20111'the Act'l. I report in respert of My examination of the charinPs accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Direction5 given bythe Charity CDmmi5slon undersection 14515llbl of the Act, Independent exarniner's statement Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the ICAEW, which is one of the listed bodies I ￿ve completed my examirkation. I cor)fimi thal no material matters have come to my attention In connection with the examination giving me ￿￿Se to believe that in any material respect.. accounting recordswere not kept in respect of the tharity as required by sertion 130 Df the Act,. or 2. the accounts do notaccord with those records,. or the accounts do not compbl vlith the applicable requirements concerning the form and content of account5 set out in the c￿rities (Accounts and Reports) Regulations 2(K)8 other than any requirement thatthe accounts give a'true and fairview which is not a matterconslde￿d as part of an independent examination. I have no concerns al￿ have come across no other matters In connettion with the examination to which attention should be dTrwn in this report in order to enable B proper understanding of the account5 to be reached. James Gare FCA, DChA Monahans 38-42 Newport Street Swindon SN13DR Date 19 May 2022 ## **Financial Reports 2021** ## **PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WITH ST MARY'S,** ## **OLD TOWN SWINDON** ## **Statement of Financial Activities for the year ended 31st December 2021** **----- Start of picture text -----**
Note General Designated Restricted Endowment Total Funds
Fund Funds Funds Funds 2021 202 0
INCOME AND ENDOWMENTS FROM: £ £ £ £ £ £
Donations and Legacies 2a 94,347 218 44,690 - 139,254 107,652
Church Activities 2b 18,741 69,299 - - 88,040 72,115
Investments 2c 36,622 - - - 36,622 37,409
Other Trading Activities 2d 28,892 9,885 1,180 - 39,957 23,170
Other Incoming Resources 2e - - - - - -
Total income and endowments 178,601 79,403 45,870 - 303,873 240,345
EXPENDITURE ON:
Church Activities 3a 176,201 39,779 46,996 - 262,976 248,998
Raising Funds 3b 6,709 2,018 1,860 - 10,587 16,489
Other 3c 130 - - - 130 -
Total expenditure 183,039 41,797 48,856 - 273,693 265,487
Net gain/(loss) on investments 5b 25,687 - - 1,142 26,830 13,388
NET INCOME / (EXPENDITURE) 21,249 37,606 (2,987) 1,142 57,010 (11,754)
Transfers between funds 9 (966) (11,855) 12,822 - - -
NET MOVEMENT IN FUNDS 20,283 25,751 9,835 1,142 57,010 (11,754)
Reconciliation of funds:
TOTAL FUNDS BROUGHT FORWARD 996,934 26,036 2,955 43,275 1,069,200 1,080,954
TOTAL FUNDS CARRIED FORWARD 1,017,216 51,787 12,790 44,417 1,126,210 1,069,200
Page 1
**----- End of picture text -----**
Page **15** of **27** PAROCHIAL CHURCH COUNCIL OF CHRISTCHURCH ￿TH STMARYS, OLD TOWN SWINDON Balanc• Shèet as at 31st December 2021 2021 2020 FIXED ASSErs Tangib InvostrT*nl8 641.688 336.677 656,96fj 309,268 5b 978.365 966,234 CURRENT ASSETS Debtors 8nd prepaynwnts Short tern deposits Cash at B8nk and kn hand 3,282 8,188 168.663 118.312 171.945 126.300 UABILMES: AhK>ufrirs FALUNG DUE knIThIN OME YEAR Crpdttcvs 24.100 24,100 23.534 NET CiHiENT ASSETS 147.845 102,965 TOTAL pEfASSETS 1.126.210 1.069.200 FUNDS General De$KJn8ted Restl￿ed Endowment 1,017.216 51.787 12.790 44,417 996.934 26.036 2,955 43,275 1.126.210 1.069.200 App￿Ved by thp Parod)bl Ch(brch Counch on and spjned on ts behaKby. The Revd s￿￿n Stevenette, Chavnkqn %lÈmber /tdU Page 16ot27 ## **PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WITH ST MARY'S, OLD TOWN SWINDON** ## **Notes to the Financial Statements for the year ended 31st December 2021** **1 Accounting Policies** ## **Basis of Preparation** The financial statements of the charity have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. The fi�a�cial ��a�e�e��� ha�e bee� ��e�a�ed �� gi�e a ����e a�d fai�� �ie� a�d ha�e de�a��ed f��� �he Cha�i�ie� (Acc����� a�d Re�����) Reg�la�i��� 2008 ��l� �� �he e��e�� �e��i�ed �� ����ide a ����e a�d fai� �ie��. Thi� departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The trust constitutes a public benefit entity as defined by FRS 102. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £. There are no significant areas of judgements or key sources of estimation uncertainty. The �����ee� c���ide� �ha� �he�e a�e �� �a�e�ial ��ce��ai��ie� ab��� �he Cha�i���� abili�� �� c���i��e a� a g�i�g concern. Legal Status The charity is an unincorporated charitable trust constituted by trust deed. The address of the registered office a�d �he �a���e �f �he cha�i���� ��e�a�i��� a�d ��i�ci�al ac�i�i�ie� a�e gi�e� i� �he �����ee� �e����. FUNDS Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. The Revaluation reserve consists of surpluses arising on the revaluation of properties. This fund may only be used on the sale of the properties, by release to unrestricted funds. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of charitable groups that owe their affiliation to another body nor those that are informal gatherings of Church members. Page **17** of **27** **----- Start of picture text -----**
INCOME RECOGNITION
All income is recognised once the charity has entitlement to the income, there is sufficient certainty of receipt
and so it is probable that the income will be received, and the amount of income receivable can be measured
reliably.
For legacies, entitlement is taken as the earlier of:
* the date on which the charity is aware that probate has been granted;
* the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution
will be made; or
* when a distribution is received from the estate.
Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably
a�d �he cha�i�� ha� bee� ���ified �f �he e�ec������ i��e��i�� �� �ake a di���ib��i��. Whe�e legacie� ha�e bee�
notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition
have not been met, then the legacy is a treated as a contingent asset and disclosed if material.
Fundraising is Funds raised by the Autumn Fayre and similar events and are accounted for gross.
Dividends and investments are accounted for when receivable except for Bank interest when unpaid interest is
accrued. Tax recoverable on such income is recognised in the same accounting year.
Income from government and other grants are recognised at fair value when the charity has entitlement after any
performance conditions have been met, it is probable that the income will be received and the amount can be
measured reliably. If entitlement is not met then these amounts are deferred.
Gains and losses on investments
Realised gains or losses are recognised when investments are sold.
Unrealised gains or losses are accounted for on revaluation of investments at 31st December.
EXPENDITURE RECOGNITION
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be
measured reliably. All expenditure is accounted for on an accruals basis. All expenses, including support costs
and governance costs, are allocated or apportioned to the applicable expenditure headings in the
statement of financial activities. Irrecoverable VAT is charged against the expenditure heading for which it was
incurred.
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
The Diocesan parish share is accounted for when payable. Any share unpaid at 31st December is provided for in
these accounts as an optional (though not a legal) liability and is shown as a creditor in the Balance Sheet.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Community centre building 50 years on straight line basis
Fixtures, fittings and equipment 5 years on straight line basis
Individual items of equipment with a purchase price of £1000 or less are written off when the asset is acquired.
**----- End of picture text -----**
Page **18** of **27** ## **Consecrated land and buildings and movable church furnishings** Consecrated and beneficed property is excluded from the accounts by s.96(2)(a) of the Charities Act 1993. No value is placed on movable Church furnishings held by the Churchwardens on special trust from the PCC and which requires a faculty for disposal since the PCC considers this to be inalienable property. All expenditures incurred during the year on consecrated or beneficed buildings and movable church furnishings, whether maintenance or improvement, is written off in expenditure in the Statement of Financial Activities. ## Investment properties Investment properties are held at cost as a professional valuation would incur significant costs which would be onerous compared with the additional benefit gained by the user of the accounts. ## Investments Investments are valued at market value at 31st December. ## Debtors Amounts owing to the PCC at 31st December in respect of fees, rents or other income are shown as debtors less provisions for amounts that may prove uncollectable. ## Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## Creditors and Provisions Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. ## Pensions E��l��ee� �f �he cha�i�� a�e e��i�led �� j�i� a defi�ed c����ib��i�� ����e� ���cha�e� �che�e �a�aged b� NEST. The Ch��ch�� c����ib��i�� i� �e���ic�ed �� �he c����ib��i��� di�cl��ed i� ���e 4. The�e �e�e �� �����a�di�g contributions at the year end. ## Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Page **19** of **27** **----- Start of picture text -----**
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WITH ST MARY'S,
OLD TOWN SWINDON
Notes to the Financial Statements for the year ended 31st December 2021
2 Income and Endowments from:
General Designated Restricted Endowment Total Funds
Fund Funds Funds Funds 2021 2020
£ £ £ £ £ £
2a Donations and Legacies
Planned giving:
Standing Order donations 12,700 - - - 12,700 12,872
Parish Giving Scheme 49,820 - - - 49,820 48,010
Other planned giving (envelopes) 617 - - - 617 808
Collections, open plate at all services 4,505 - - - 4,505 2,441
Gift days 388 - - - 388 846
Sundry donations - - - - - -
Donations/appeals etc 10,953 15 9,394 - 20,362 13,068
Income tax recoverable (inc PGS) 14,265 - - - 14,265 16,083
Legacies 1,100 - - - 1,100 -
Development & Renewal - - 1,796 - 1,796 7,111
Community Centre grants - 203 33,500 - 33,703 6,413
94,347 218 44,690 - 139,254 107,652
2b Church Activities
Halls lettings - 52,850 - - 52,850 29,760
Fees 12,345 - - - 12,345 5,070
Government Grants:coronavirus job
retention scheme grant 6,395 16,450 - - 22,845 37,285
18,741 69,299 - - 88,040 72,115
2c Investments
Dividends and interest 1,966 - - - 1,966 2,404
Renewable Energy 4,283 - - - 4,283 4,631
Properties 30,373 - - - 30,373 30,373
36,622 - - - 36,622 37,409
2d Other Trading Activities
Fundraising Events 14,297 4,786 1,180 - 20,263 8,484
Car Park 14,595 - - - 14,595 14,595
Community Centre Booking Service - 5,099 - - 5,099 92
28,892 9,885 1,180 - 39,957 23,170
2e Other Incoming Resources
Other - - - - - -
- - - - - -
TOTAL INCOME AND ENDOWMENTS 178,601 79,403 45,870 - 303,873 240,345
COMPARATIVE PREVIOUS YEAR 154,446 81,734 4,165 - 240,345
Government grant income of £22845 was received for the Coronavirus job retention scheme and
£30,000 from the national lottery. There were no unfilled conditions and other contingencies attached Page Page 20 of
to grants that have been recognised in income, and the charity has not directly benefited from any
other form of government assistance.
**----- End of picture text -----**
Government grant income of £22845 was received for the Coronavirus job retention scheme and £30,000 from the national lottery. There were no unfilled conditions and other contingencies attached Page Page **20** of **27** to grants that have been recognised in income, and the charity has not directly benefited from any other form of government assistance. **----- Start of picture text -----**
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WITH ST MARY'S,
OLD TOWN SWINDON
Notes to the Financial Statements for the year ended 31st December 2021 continued
3 EXPENDITURE ON:
General Designated Restricted Endowment Total Funds
Fund Funds Funds Funds 2021 2020
£ £ £ £ £ £
3a Church Activities
Missionary and charitable giving
- missionary societies and overseas - - - - 0 (30)
- relief and development agencies 141 - - - 141 -
- home missions and other Church Societies - - - - 0 -
- secular charities 243 - - - 243 314
Sub-total Missionary & charitable 383 - - - 383 284
Ministry: Parish share (pledged) 105,006 - - - 105,006 85,254
incumbent expenses 693 - - - 693 512
other clergy costs 2,193 - - - 2,193 1,206
Church running expenses 15,670 214 - - 15,884 14,812
Church maintenance 2,021 - - - 2,021 6,384
Children & Young People - - - - - -
Church Family - - - - - -
Mission and Evangelism - - - - - 20
Community Networks - - - - - -
Home Groups - - - - - -
Fees paid 2,959 - - - 2,959 1,598
Office expenses 1,335 - - - 1,335 1,451
Printing and stationery 1,396 - - - 1,396 2,290
Property 234 - - - 234 482
Church reordering project - - 5,042 - 5,042 12,621
Wages and salaries 27,282 - - 27,282 26,393
Independent examination fee 1,751 - - - 1,751 1,669
Community Centre
Wages and salaries - 31,410 37,112 - 68,521 70,307
Maintenance - 630 509 - 1,138 139
Administration - - - - - -
Running Costs - 7,526 4,334 - 11,860 8,300
Depreciation 15,278 - - - 15,278 15,278
Sub-total Community Centre 15,278 39,565 41,954 - 96,798 94,024
Total Church Activities 176,201 39,779 46,996 - 262,976 248,998
3b Raising Funds
Fundraising Events 4,924 2,018 1,860 - 8,801 7,939
Fundraising (website, stewardship) 216 - - - 216 216
Development and renewal - this designated f 1,569 - - - 1,569 8,333
Total Raising Funds 6,709 2,018 1,860 - 10,587 16,489
3c Other
Other expenditure 130 - - - 130 -
Total Other 130 - - - 130 0
TOTAL EXPENDITURE 183,039 41,797 48,856 - 273,693 265,487
COMPARATIVE PREVIOUS YEAR 164,725 99,552 1,210 - 265,487
**----- End of picture text -----**
Page **21** of **27** **----- Start of picture text -----**
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WITH ST MARY'S,
OLD TOWN SWINDON
Notes to the Financial Statements for the year ended 31st December 2021 continued
General Designated Restricted Total Funds
4 Staff costs Fund (£) Funds (£) Funds (£) 2021 (£) 2020 (£)
Wages and salaries 25,083 26,550 37,112 88,745 90,089
Employers Pension Costs 973 2,828 - 3,801 3,801
National Insurance 393 2,031 - 2,424 2,424
Payroll Administration Costs 833 - - 833 385
27,282 31,410 37,112 95,803 96,700
During the year the PCC employed a Director of Music, Parish Clerk, Parish Administrator, Community Centre
Development Manager, Community Development Worker (on behalf of South Swindon Parish Council) and
three Community Centre Cleaners, none of whom earned £60,000 pa or more.
The holiday year coincides with the PCC financial year, however, no provision is made for carrying over
unused holiday to subsequent years, so no accrual needs to be made for this.
5 FIXED ASSETS Freehold land Office equip Total
and buildings fittings
5a Tangible fixed assets - all unrestricted £ £ £
GROSS BOOK VALUE At 1st January 2021 763,914 - 763,914
At 31st December 2021 763,914 - 763,914
DEPRECIATION At 1st January 2021 106,948 - 106,948
Charge 15,278 - 15,278
At 31st December 2021 122,226 - 122,226
NET BOOK VALUE At 1st January 2021 656,966 - 656,966
At 31st December 2021 641,688 - 641,688
5b Investments As at Interest/Income Additions / (Loss) / Gain As at
01.01.2021 (Disposals) 31.12.2021
£ £ £ £ £
Investment properties 140,754 - - - 140,754
Listed Investments:
BDF Upham Road proceeds 1,033 1 - - 1,033
CBF Fabric Fund 2,132 579 - - 2,711
CBF Maintenance 19,943 - - 2,853 22,796
CBF General 1 108 - 108
CBF General 2 104,760 - - 18,296 123,056
COIF Swindon Church & Poor Lands 40,045 - - 5,681 45,725
Liverpool 3.5% Irred Stock 494 - - - 494
309,269 579 - 26,830 336,677
Current values.
Investment properties comprise two houses in Cricklade Street and a 2/3rd share in a commercial property.
Development and renewal - this designated fund holds money relating to funds earmarked by the PCC
for specific activities relating to the development of the facilities provided by the PCC.
costs which would be onerous compared with the additional benefit gained by the user of the accounts.
A professional valuation was undertaken at 31 December 2005 and estimated the properties to be worth £300,000.
Additionally, we have a 2/3rds share in a commercial property, 121 Victoria Rd which is also valued at cost of £114,667
**----- End of picture text -----**
Page **22** of **27** **----- Start of picture text -----**
6 ANALYSIS OF NET ASSETS General Designated Restricted Endowment Total
Fund Funds Funds Funds Funds
£ £ £ £ £
Tangible fixed assets 641,688 641,688
Investment fixed assets 292,260 - 44,417 336,677
Current assets 101,193 56,635 14,118 171,945
Current liabilities (Note 8) (17,924) (4,848) (1,328) (24,100)
1,017,216 51,787 12,790 44,417 1,126,210
2020 ANALYSIS OF NET ASSETS General Designated Restricted Endowment Total
Fund Funds Funds Funds Funds
£ £ £ £ £
Tangible fixed assets 656,966 656,966
Investment fixed assets 265,994 - 43,275 309,269
Current assets 88,192 33,636 4,672 126,500
Current liabilities (Note 8) (14,218) (7,599) (1,717) (23,534)
996,934 26,036 2,955 43,275 1,069,200
**----- End of picture text -----**
Page **23** of **27** **----- Start of picture text -----**
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WITH ST MARY'S,
OLD TOWN SWINDON
Notes to the Financial Statements for the year ended 31st December 2021 continued
7 DEBTORS 2021 2020
£ £
Income tax recoverable (NB Some Gift Aid already recovered via PGS) 3,088 2,206
Prepayments 0 0
Other debtors (Community Centre bookings, FIT & RHI) 194 5,982
3,282 8,188
8 LIABILITIES:AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020
£ £
Accruals and deferred income � 20,978 20,107
Accruals for utilities and other costs 0 0
Creditors for goods and services 1,794 1,710
Agency Monies 1,328 1,717
24,100 23,534
� Defe��ed i�c��e c����i�e� 2022: ca� �a�k �e��; c�����i�� ce���e le��i�g�; fl��dligh� b��ki�g� & �eddi�g fee�
9 FUND DETAILS At 01.01.2021 Income Expenditure Transfer Gains/losses At 31.12.2021
£ £ £ £ £ £
General 996,934 178,601 183,039 (966) 25,687 1,017,216
Community Centre Designated 14,509 79,388 41,777 (11,855) - 40,265
Developm't & Renewal Designated 10,649 - - - - 10,649
Organ Designated - - - - - -
Property & Maint. Designated - 15 - - - 15
Bells & Towers Designated 879 20 859
SUB-TOTAL Designated 26,036 79,403 41,797 (11,855) - 51,787
St Mary's Restricted - - - - - -
Community Centre Restricted 1,720 34,680 43,814 11,954 4,540
Developm't & Renewal Restricted - 7,676 676 - 7,000
Property & Maintenanc Restricted 1,235 3,514 4,367 868 1,250
SUB-TOTAL Restricted 2,955 45,870 48,856 12,822 - 12,790
Church & Poor Lands Endowment 43,275 - - - 1,142 44,417
SUB-TOTAL Endowment 43,275 - - - 1,142 44,417
TOTAL 1,069,200 303,873 273,693 - 26,830 1,126,210
Funds
Community Centre - this designated fund holds money relating to the running of the Community Centre
Community Centre - this restricted fund holds money relating to donations and grants received for specific
activities relating to the Community Centre
Development and renewal - this designated fund holds money relating to funds earmarked by the PCC for specific
activities relating to the development of the facilities provided by the PCC.
Development and Renewal - this restricted fund holds money relating to donations and grants received for specific
activities relating to the development of the facilities provided by the PCC, eg provision or renewal of audio-visual
Property & Maintenance - this designated fund holds money set aside for quinquennial repair works such as roof
Church & Poor Lands - income from this endowment fund can be used for church maintenance
Transfers Between Funds
2 transfers between funds were done during the year:
(1) £11,954 to Community Centre restricted fund from Community Centre designated fund to balance the
overspend on the £30,000 restricted lottery grant
(2) £868 was transferred from General fund to Property & maintenance restricted fund to cover giftaid
on giving for that fund
**----- End of picture text -----**
Page **24** of **27** **----- Start of picture text -----**
2020 FUND DETAILS At 01.01.2020 Income ExpenditureTransfer Gains/losse At 31.12.2020
£ £ £ £ £ £
General 1,000,984 154,446 164,725 (7,159) 13,388 996,934
Community Centre Designated 35,797 74,623 86,911 (9,000) - 14,509
Developm't & Renewal Designated (0) 14,311 47,646 43,984 - 10,649
Organ Designated - - - - - -
Property & Maint. Designated 0 (7,200) (35,025) (27,825) - -
Bells & Tower Designated 899 20 879
SUB-TOTAL Designated 36,695 81,734 99,552 7,159 - 26,036
St Mary's Restricted - - - - - -
Organ Restricted
Property & Maintenanc Restricted 4,165 1,210 2,955
SUB-TOTAL Restricted - 4,165 1,210 - - 2,955
Church & Poor Lands Endowment 43,275 - - - - 43,275
SUB-TOTAL Endowment 43,275 - - - - 43,275
TOTAL 1,080,954 240,345 265,487 0 13,388 1,069,200
Funds
Community Centre - this designated fund holds money relating to the running of the Community Centre
Community Centre - this restricted fund holds money relating to donations and grants received for specific activities
Organ Fund - this designated fund pays for repairs and maintenance of the church organ
Property & Maintenance - this designated fund holds money set aside for quinquennial repair works such as roof
Church & Poor Lands - income from this endowment fund can be used for church maintenance
Transfers Between Funds
3 transfers between funds were done during the year:
(1) £9000 from Community Centre fund to General fund as part of annual payback.
(2) £27,825 from Property & Maintenance (P&M) fund to Development and Renewal fund (D&R), to zero out the (P&M
fund as they were performing the same function
(3) £16,159 from general fund to D&R fund to fund D&R at Christ Church
**----- End of picture text -----**
Page **25** of **27** **----- Start of picture text -----**
1 0 FURTHER NOTES Designated Rest. 2021 (£) 2020 (£)
Community Centre & Lettings/earnings 7,320 1,680 9,000 30,887
Church Lettings Donations, Grants&Inter 74,086 34,860 108,946 45,456
Other - - 194 4,066
Total Income 81,405 36,540 118,139 80,409
Utilities 46,980 24,917 71,896 8,879
Household/Maintenance 43,143 3,329 46,472 4,720
Salaries (9,232) 815 (8,417) 70,307
Total Expenditure 80,891 29,060 109,951 83,906
Surplus 515 7,480 8,188 (3,496)
Transfers 4,007 - 4,007 (12,288)
Balances B/F 1st Jan (5,642) - (5,642) 75,231
Balances C/F 31st Dec (1,120) 7,480 6,554 59,448
11 Related Party Transactions
Trustee and Related Party Benefits & Expenses
One trustee, Charles Vince, received £350 in remuneration as a substitute organist which
was unrelated to his trustee activities. None of the remaining trustees received any
remuneration from the PCC
Trustee Donations
Total donations of £16,080 were received from trustees. These donations were all given
without conditions. Trustees also donate via church plate collections. These amounts are
not recorded separately.
12 Financial Risk Management
The charity has minimal exposure to customer credit risk, liquidity risk and market risk.
Please refer to the risk management section of the trustees annual report for information
on how risks are managed.
**----- End of picture text -----**
Page **26** of **27** **----- Start of picture text -----**
Statement of Financial Activities for the year ended 31st December 2020
Note General Designated Restricted Endowment Total Funds
Fund Funds Funds Funds 2020 2019
INCOME AND ENDOWMENTS FROM: £ £ £ £ £ £
Donations and Legacies 2a 91,683 11,803 4,165 - 107,652 255,091
Church Activities 2b 8,880 63,235 - - 72,115 91,641
Investments 2c 37,409 - - - 37,409 35,171
Other Trading Activities 2d 16,474 6,696 - - 23,170 57,801
Other incoming resources 2e - - - - - -
Total income and endowments 154,446 81,734 4,165 - 240,345 439,703
EXPENDITURE ON:
Church Activities 3a 155,307 92,481 1,210 - 248,998 676,182
Raising Funds 3b 9,418 7,070 - - 16,489 25,795
Other 3c - - - - - 2
Total expenditure 164,725 99,552 1,210 - 265,487 701,979
Net gain/(loss) on investments 5b 13,388 - - - 13,388 26,056
NET INCOME / (EXPENDITURE) 3,108 (17,817) 2,955 - (11,754) (236,220)
Transfers between funds 9 (7,159) 7,159 - - - -
NET MOVEMENT IN FUNDS (4,050) (10,659) 2,955 - (11,754) (236,220)
Reconciliation of funds:
TOTAL FUNDS BROUGHT FORWARD 1,000,984 36,695 - 43,275 1,080,954 1,317,174
TOTAL FUNDS CARRIED FORWARD 996,934 26,036 2,955 43,275 1,069,200 1,080,954
**----- End of picture text -----**
Page **27** of **27**