## **Trustees' Annual Report for the Parochial Church Council of St Mary's Church, Olveston 2021** ## 1. **Aim and purposes** St Mary’s Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent, Rev David Moss, in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. ## 2. **Objectives and activities** The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at Olveston. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services and activities can involve the many groups that live within our parish. Our services and worship put faith in to practice through prayer, scripture, music and sacrament. In March 2018 after considering the Charity Commissions guidance on public benefit, and in particular the supplementary guidance on charities for the advancement of religion, the PCC adopted the following objectives to help people to live out their faith as part of a parish community. - Worshipping God - Growing in Faith - Serving Others 1 To facilitate this work it is important that we both maintain the fabric of St Mary’s Church and consider any adaptations to the interior of the church which might better support the increasingly wide range of activities being undertaken in fulfilment of these objectives. In relation to serving others, it is PCC policy to organise a major outward giving appeal biennially to show Christ’s love, by working in partnership with Christian organisations, to provide basic practical help to the marginalised or very poor in society, at home and overseas. In addition, it is also PCC policy to support financially a range of other causes and charities each year, through funds donated or raised via fundraising events and activities. The objectives for St Mary’s are the same as those for the other four parishes within the North Severnside Benefice and it follows that some of the activities are undertaken on a shared basis. ## 3. **Achievements and performance** During the year we endeavour to demonstrate our commitment to the community and to the Church through a number of activities and services.. The activities of the Church during 2021 were severely affected by the global Covid 19 coronavirus pandemic, which meant that much of the year, the church building was closed for worship and any other communal events. ## **Worshipping God** ## **Our vision for 2021 was** 1. To create a management committee to support the Saturday Evening Refresh group:This group recommenced in the last quarter of 2021 2. Further exploration of new worship material available from the Church Of England with an emphasis on our stewardship of God’s Creation and working to meet the challenge of being carbon neutral by 2030:- - The Greenforce group has published awareness articles in Meeting Point and promoted recycling collections, also involving Olveston CEVC primary school. Solar panels are being reconsidered for the roof * (A more detailed Greenforce report is under “Serving Others”) 3. Implement a variety of worship styles reflecting the diversity of spirituality in Olveston:Even though face to face services re=commenced in quarter 4 2021, Experiments were carried out of streaming the lives services, for those still cautious about common assemblies. Some problems were encountered and services are now recorded and available on YouTube - 4 Create an inclusive community drawing in people and where everyone is made to feel welcome:A Telephone Contact List has been put in use and has been much appreciated. In Lent 2021 the #LiveLent God’s Story Our Story booklets were distributed to those on the Electoral Roll and to regular donors not on the Roll. They were also available in Olveston Stores and the Crusty Loaf. In 2021. An Easter Card was similarly distributed with details of services to be held in church. Figures recorded on Parish Returns for church-based activities over the years 2016 - 2021 were as follows:: |follows::||||||| |---|---|---|---|---|---|---| |Sta$s$c|2016|2017|2018|2019|2020|2021| |No. on Electoral Roll
Sunday Adult A>endance
Sunday Under 16 A>endance
No. of Bap$sms
No. of Confrma$ons|199
94
17
10
3|202
85
2
3
0|191
85
6
5
0|125
65
1
4
0|145
Covid restricted
Covid restricted
2
0|145
Covid restricted
Covid restricted
1
0| 2 |No. of Funerals
No. of Weddings|23
4|9
7|11
3|17
2|10
1|8
4| |---|---|---|---|---|---|---| |||||||| Note: no figures have been recorded for “Sunday Adult Attendance” or “Sunday Under 16 Attendance” due to the enforced closure of Churches and pandemic restrictions ## **Growing in Faith** ## **Our vision for 2021 was:** - 1 Reach out into the community, sharing Christ’s Love and making disciples. - a. Provide stronger pastoral support for those no longer able to attend church. - b. Publicise and create greater knowledge and understanding of available prayer - support. - c. Provide room to explore faith and life without fear of being judged 2 Explore how, as members of the whole people of God, children and young people are encouraged ## Small Groups _Small groups: (Bible Study, Pilgrim Group, CHAT group) are considered key to “Growing in Faith”, by allowing participants to discuss and explore Christian and Biblical themes and ideas which in turn, develop their faith. For 2021, these could not take place due to the pandemic restrictions_ ## Lent Activities _In response to Bishop Viv’s recommendation to study the Archbishop of Canterbury's Lent Book, “LIVING HIS STORY” during Lent, the PCC distributed to all church members at St. Mary’s and at St John’s Aust, a copy of #LiveLent God’s Story, Our Story (based on Living His Story) published by Church House Publishing for use from Ash Wednesday 17 February to Easter Day 4 April 2021”_ _The costs of the leaflets, for everyone on the electoral roll, were covered by an anonymous donor. the booklets were be referred to and used in Sunday services and in Church News._ ## Preachers and Prayer _The closure of the Churches meant a limited variety of preachers in 2021. During 2021 the Curate in Charge, Reverend Stephen Oram, retired from his role and his workload of preaching was taken up by our other SSMs and LLMs._ ## REFRESH _During 2019 a new initiative had been launched called Refresh. It is a free-style, regular, Saturday afternoon service for young families in St Mary’s. This attracted around 12 children and 8 parents each week in term time. Refresh was unable to meet for much of 2021 due to pandemic restrictions. However, meetings recommenced late in 2021._ ## PLANNED GIVING 3 The COVID-19 pandemic clearly had a very substantial impact on church attendance in 2021 due to both the total closure of the church for several months and limitations placed on the numbers attending for safety reasons even when the church was open. However, more generally church attendance has reduced quite significantly in recent years, as has the number on the Electoral Roll. This is due primarily to deaths or members leaving the area. This has affected our planned giving (see below). At the end of 2021 there were 82 planned givers (by standing order or via weekly envelopes), which is 6 less than at the end of 2019 and 10 less than at the end of 2018. Regular giving enables the church to not only balance its budgets but also plan more effectively. |Sta$s$c|2016
(£)|2017
(£)|2018
(£)|2019
(£)|2020
(£)|2021
(£)| |---|---|---|---|---|---|---| |Planned Giving
Loose Change|57,111
7,214|56,812
7,235|54,324
7,879|51,133
6,644|47,874
2,355|46,136
2760| |||||||| ## **Serving Others** ## **Our vision for 2021 was:** 1. Explore how to reach out to young families in our community by trying to engage an experienced youth worker to lead ‘young people projects’ across North Severnside benefice. ## _**Achievement: Development work done on a draft job description and an offer of accommodation being explored.**_ 2. Working with “Greenforce” to achieve Bristol Diocese Silver Standard for Eco Churches a) Change our energy provider to a greener alternative _**Achievement: At the end of 2021, we had contracted to receive 50% of our heating gas supply from renewable sources as a step towards 100% sustainable by 2030 and were given a Bronze Eco Award. We did not score on publicising national green targets.**_ 3. Create Stronger links with our schools a Provide funding to establish Children’s Choir at Alveston and Olveston Schools. ## _**Achievement: Severnside churches agreed to supply 50% of the funds they had set aside to support this.**_ b Build stronger links with Tockington Manor School (e.g, “Open the Book”, Assemblies; education; visits; godly play) _**Achievement: The vicar and an ordained minister (Rev. D.Moss and Rev. A. Lloyd) delivered on line assemblies to both parish schools throughout the pandemic when schools were open. Open the Book restarted as soon as pandemic constraints permitted.**_ c Support the involvement of all local schools and wider community with the Tower Appeal Heritage _**Achievement:The Tower Project was delayed for 6 months vs. original timeline as a result of Covid 19 . The chief stonemason ran demonstrations in church of how the new pinnacles were made for schools in July and the wider congregation September 2021. A tower ‘topping-out’ ceremony was held in September that was also publicised with an interview on BBC Radio Bristol.**_ _**Peter Floyd has kept the Tower Project front of mind in the community with his great series of articles in the local Parish magazine, (Meeting Point).**_ 4 4. Given we have no church room; plan how to provide a multi-purpose room suitable for meetings and pastoral care. ## _**Achievement: the Saturday young families group (‘Refresh' ) re-commenced in the church building late 2021. Accommodation needs to be re-assessed later in 2022.**_ ## **The Church Building** Following Covid 19 restrictions that caused the church to be closed by the PCC, t was re-opened for services on Palm Sunday 2021 when services on Sundays and Wednesday mornings re- commenced using risk-assessed protocols. All outreach events eg., Film Club, Choir practice, Quizzes, Concerts and fund-raising events for outward giving and the church’s own projects and meetings were stopped for most of 2021. The first major event was a successful September Summer Fair in the roadway at the top of Church Hill. Resumption of other regular community engagement events began slowly in 4[th] quarter 2021. The Tower maintenance project commenced on site in July 2021. The East path was closed and a massive scaffolding erected to the top of the tower pinnacles. A colleague of Peter Floyd recorded extensive photographs by drone of the works. The Old dangerously eroded pinnacles were dismantled, lowered to ground level and replaced with new ones sculpted in Centreline’s Painswick workshops. Tower maintenance and repointing continued from top to bottom as the scaffolding was dismantled by December 2021. The circular stair tower on the North side had new concrete foundations installed and was repointed. Regular building maintenance items continued, including a twiceyearly inspection of the church roof plus rainwater- goods. Trials continued under an Archdeacon’s certificate to temporarily replace 2x 7ft pews in the South aisle and remove 2 short pews at the rear of the North aisle. The space needed to house 40 new lightweight wooden stackable ‘Theo’ chairs on 2 purpose-built trolleys. Chris Smart is leader of our churchyard team of volunteers. They keep this quiet space in excellent condition. Chris carried out safe distancing and lone worker processes where necessary with the machines used in the churchyard. ## Restoration plans for the church tower and pinnacles proceeded. Stone from the pinnacles was analysed by the British Geological Survey. They concluded it was a ‘Bath stone’. The pinnacles had weathered very badly compared with other examples in the region. This was ascribed to the location and position, exposed directly to strong salty and dusty winds from the Severn Estuary. A denser, more resistant stone, ‘Beauval’ from France was recommended. This had been used successfully at Gloucester Cathedral. Drawings for the new pinnacles were prepared by Centreline Ltd. These data were submitted to Bristol Diocesan Advisory Committee and accepted as discharging the conditions set out in the Restoration Faculty. Fundraising, mainly from charities, had reached £170,000 of the £215,000 needed. All national charities were reserving funding for Covid 19 needy causes only. A wallet of information about the project including a new illustrated guide to the church by Audrey Shepherd was issued to all church members and regular local donors. This was well received and donations flowed in. In January 2021 the Appeal was given an additional £25,000 donation by the National Churches Trust from a new donor. Funding was complete and Centreline ordered the stone for the new pinnacles in February 2021. A Health & Safety issue concerning the two steps down through the main South Porch has been identified. During the pandemic entry to church was socially distanced controlled by stewards. The steps were very visible and bunching in queues was not permitted. This was made a permanent process. Disability access is regularly reviewed. ## Building Projects, Repairs and Maintenance Expenditure |Work Undertaken|2016|2017|2018|2019|2020|2021| |---|---|---|---|---|---|---| ||(£)|(£)|(£)|(£)|(£)|(£)| 5 |Minor Repairs and
Maintenance|1,258|5,182|917|1,052|1,583|4460| |---|---|---|---|---|---|---| |Major Repairs and
Projects|25,235|7,077|18,064|9,342|579|169,853| ## **Partnerships** **Pre Covid 19 pandemic restrictions, w** e continued to serve others in our community through partnership working. The results on our activities are listed below ## **Coffee Shop** The Coffee shop re-commenced in August 2021, but now meeting in the Church rather than the village stores. ## **Food Collections** The church is a drop off point for the local foodbank and people have continued to give most generously. The porch has still been used as drop off point for donations which had become even more important to the Food bank during in the ongoing Covid 19 crisis. ## **Olveston School** Although very little liaison was possible in 2021, the reflective space area funded from the latest biennial appeal was completed successfully in the spring ## **Ecumenical** The Ecumenical Care Group (comprising 8 members from St Mary’s and 3 from the Methodist Churches) sends cards and delivers small potted plants to the sick, bereaved and housebound at Christmas and Easter, and also sends cards to individuals at other times of the year as and when the need arises. ## **Social** Social activities in Church slowly recommenced 4[th] quarter 2021 ## **Charitable Giving** One of our key aims is to serve the wider church and to help those in need. In 2021, in addition to £5,500 donated to Olveston School for the reflective space area, a further £3,961 was donated to 11 other causes and charities (see see Note 3a of Annual Accounts for details) ## **Greenforce (Ecological group)** Our Achievements in the last Year:- During Lockdown, we have been able to continue two most important roles; firstly, the difficult-to-recycle collection in the bin at the church, which Jo Amos has been managing for us and been most productive, and , the entries to Meeting Point by Stella Chick, “ Did you know.........?” which have really brought to attention the everyday harm we are doing to the environment and some of the things we can do about it. Our most important role is how we live our lives and constantly drawing ourselves and others to a more sustainable way of life. ## **Pastoral Care** St Mary’s continued to be a very caring church and is very good at serving others, both within the church, the village and further afield. The Pastoral Support Group has continued to help care for a number of local people who are struggling with ill health, old age etc. as much as has been possible during the pandemic. The vicar also visits local people in a pastoral capacity. 6 ## **Deanery Synod** This provides the PCC with an important link between the parish and the wider structures of the church. We are currently entitled to four representatives and are actively encouraging more volunteers to come forward. Two member of the PCC sit on the Deanery Synod. ## **Safeguarding** A PCC training event was held at St Helen’s church. The Parish Safeguarding Dashboard was being used to create action plans and the safeguarding officer was able to ensure the PCC are meeting the requirements with regards to safeguarding. A safeguarding Training Audit was completed later 2021. Contact Debbie Harries, safeguarding officer, with any queries. . ## 4. **Financial review** Total income in 2021 was £205,362, of which £82,011 was unrestricted. This includes £20,986 as Gift Aid and £1,156 in top-ups under the Gift Aid Small Donations Scheme. Total expenditure was £260,961, of which £84,152 was unrestricted. Unrestricted general purposes income was £70,982 in 2021, a reduction of £5,304 (7%) compared with 2020. This was due largely to reductions of (a) £2,000 (4%) in planned giving, and (b) £6,500 in donations. These reductions were offset to some extent by an increase of £3,700 in income from fundraising activities, the latter having resumed in September 2021 following a period of almost two years’ suspension due to Covid. As far as planned giving is concerned, in 2021 we lost 3 planned givers during the year but gained 2. Unrestricted general purposes expenditure was £78,627 which is £11,500 lower than in 2020. The reduction was associated largely with reductions of (a) £2,400 in clergy expenses (following the retirement of Revd Steve Oram), (b) £11,000 in our Parish Share commitment and (c) £4,100 following the redundancy of our Parish Administrator. However, repairs and maintenance costs increased by almost £3,000, whilst some other costs (e.g. utilities, organist payments, fundraising costs) also increased as a consequence of the gradual return to some semblance of ‘normality’ following the relaxation of Covid restrictions. Although general purposes expenditure exceeded income in 2021 by £7,645, income was supplemented by £4,000 transferred from the Friends of St Mary’s, and £1,000 transferred from the designated Vision Fund, to fund clergy expenses during the first two months of the year. As a consequence, the general purposes fund showed an in-year deficit of £2,700 in 2021. As far as the Fabric Fund is concerned, in 2021 donations of just over £108,000 (including Gift Aid) were received, of which £105,000 was towards the Tower Restoration Project and £3,000 was towards funding the automation of the winding mechanism of the Tower Clock. Of the donations made towards the Tower Project, £55,000 related to the redemption of pledges made previously by grant awarding organisations, £40,700 was in the form donations received from individuals, and £9,300 was Gift Aid. Including donations and grants received prior to 2021, the total amount raised for the Tower Project covered the estimated cost (£228,000, including £10,000 contingency) of the project. As a result, work commenced in 2021, with expenditure of just over £167,000 being incurred by the end of the year. The project will be completed early in 2022, with the remaining costs (see Note 12 of 2021 Annual Accounts) being included in the 2022 accounts. A donation of £5,500 was made from the Sow & Grow Outward Giving Appeal to fund the creation of a Reflective Space Area at Olveston School, and the work which was delayed due to Covid was completed in the spring of 2021. This follows on from the donation of £10,156 made in 2020 to Christian Engineers Development to support returning Rwandan Refugees. Other outward giving in 2021 amounted to £3,961 in total, with 11 different causes and charities being supported (see Note 3a of Annual Accounts for details). ## **Reserves policy** 7 It is PCC policy to maintain (where possible) a balance on unrestricted general purposes funds (free reserves) equating to approximately 6 months’ unrestricted general purposes payments. In a ‘normal’ year this is equivalent to £50,000, and is held to smooth out fluctuations in cash flow and to meet emergencies. At 31 December 2021 the balance of the free reserves was £34,463, which equates to 4 months of general expenditure and is some £16,000 below the 6 months’ target. Although this represents a satisfactory position as far as present needs are concerned, it should be recognised that St Mary’s faces some significant financial challenges in the future, given the age profile of our congregation and regular givers. The Vision Fund is an unrestricted fund, designated by PCC for projects and purchases relating to the vision of the church, and is sourced predominantly by legacies. At 31 December 2021 there was a balance of £47,758, of which £5,000 has been earmarked by PCC for projects aimed at engaging younger generations. Whilst there is some concern that there are no major projects planned at present for utilising this fund, it is recognised that St Mary’s general fund has been impacted significantly by Covid over the last two years and that money from the Vision Fund could be used by PCC to cover the shortfall of £16,000 in free reserves should the need arise. A major focus for 2022 is on recovering our finances to pre-Covid levels of income, and until this is achieved use of the Vison Fund is being limited to small projects or purchases. The Church Fabric Fund is the main restricted fund held by St Mary’s. At 31st December 2021 there was a balance of £144,642, of which up to £50,000 is committed to the completion of the Tower Restoration Project (see Note 12 of 2021 Annual Accounts) and £7,500 to the automation of the winding mechanism of the Tower Clock. This leaves some £87,000 available for other church building fabric issues which may arise. It is PCC policy to invest the short-term investment fund balances with the CCLA Church of England Deposit Fund. ## **Funds held as custodian trustees on behalf of others** For a number of years, St Mary’s has held restricted funds on behalf of the Severnside Group of Churches. These funds represented donations originally made towards the costs of employing a youth worker. However, this project has since been abandoned and it was agreed that 50% of the funds should be re-designated towards supporting Youth Choirs within the North Severnside Benefice. At 31 December 2021 the total balance was £1,533, with £1,270 remaining assigned to the Severnside Group of Churches, and £263 available for supporting the Youth Choirs. ## **Going Concern** The trustees have considered the impact of the Covid pandemic on the charity’s current and future financial position. Although the impact is expected to be much less over the next 12 months, the charity will continue to take the following steps: - Regularly monitoring the financial position; - Providing our congregation with information on alternative methods of giving (e.g. by standing order, donations using online banking, online donation system); - • Critically examining all areas of expenditure and identifying where savings can be made. The trustees consider that the charity will continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved for the following reasons: - The charity holds unrestricted general reserves of £34,463 and designated reserves that can be drawn down if necessary of £59,887. - Income (including Gift Aid) from **planned** giving accounts for 70% of our total income. We are confident that the vast majority of this income will continue to be received as 90% is by standing order. The trustees therefore consider it appropriate to adopt the going concern basis of preparation of the accounts, as detailed in Note 1(g) to the financial statements. 8 ## **5** . **Volunteers** We are very grateful and would like to thank all those who give their valuable time to enrich our services and our Church. St Mary’s Olveston is very fortunate in having a large number of volunteers to ensure all activities undertaken by the Church are successful and we would like to thank all them. Under normal circumstances, people help in many ways including: - the daily cleaning of the Church - regular maintenance of the Churchyard and Graveyard - provision and arranging of flowers in the Church - moving chairs and erecting staging for events - catering after weekly services and at large events - safety inspections - manning the equipment for Movie Club - and many more small jobs to numerous to mention It was good to see a resumption of the help provided by volunteers in the latter part of 2021. ## **Friends of St Mary’s** We are very grateful for the work of Friends of St Mary’s, who have supported the church through fundraising activities for over 25 years. Over £100,000 has been donated in that time In 2021, when church fundraising activities generally were severely curtailed due to COVID-19, we were especially grateful that once again they donated £4,000 into Church funds, as well funding the Christmas tree for the church. Looking ahead to 2022, following the successful recruitment of new members at the September Summer Fair, the Friends' regular contribution to St Mary's will increase to £5,000, along with funding (a) to improve the lighting of the south path of the church and (b) to provide wooden Gift envelope boxes within the pews. ## **6 Structure, governance and management** The Parochial Church Council is a corporate body established by the Church of England, which includes the Diocese of Bristol. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity. The method of appointment of PCC members is set out in the Church Representation Rules. At St Mary’s the membership of the PCC consists of the incumbent (our vicar), churchwardens, the reader and representatives elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services / members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC. PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. New members receive initial training into the workings of the PCC. The full PCC met 6 times during the year with an average level of attendance of 80%. Given its wide responsibilities the PCC has a number of committees each dealing with a particular aspect of parish life. These committees, which include worship, mission and outreach and fabric and finance, are all responsible to the PCC and report back to it regularly with minutes of their decisions being received by the full PCC and discussed as necessary. 9 ## **7. Benefice report 2021 and looking forward to 2022** ## **2021** We thank God for keeping us safe through Covid and praise God for the vaccine which has allowed us to return to worship. On a personal level I would like to thank the team of PCC members, Wardens, Clergy, and Readers who have kept services going through the Benefice and have helped with the smooth re-opening of the churches. Sadly, it has been a year when we have had to say goodbye to two of our priests. Firstly Ann Parker who gave so much joy and love to others, and died in October. Though we will miss her lots, we are confident that those who rest in peace will rise in glory. Secondly Steve Oram, whose ministry was much appreciated at Olveston, who on the advice of the Bishop decided to take early retirement at the end of the year. As we read this report at our APCMs I am also conscious that we will also be thanking two of our wardens for their years of service. Elaine Lee at Alveston, and Martin Gibson at Olveston, have now served more than six years as Warden and as a consequence cannot stand for re-election this year but I know they will continue to be very much involved in the parishes. Sue and I remember with fondness the warm welcome Elaine and Martin gave us when we looked around the parishes. Like many churches we have found that keeping our links up with children and families has been difficult during Covid and Lockdown. As the year came to a close, the schools re-opened its doors to the community, and Open the Book, School Assemblies and Shine Choir Club restarted. Our relationships with schools are vital in fostering links with the local community and I am very grateful for the work of our Foundation Governors. Their workload has been particularly difficult this year, not only in keeping schools safe during Covid but also preparing for new school partnerships, Olveston with Oldbury and St. Helen’s with St. Mary’s Yate. We ended the year with the News that Philip Rowe Vicar of South Severnside will be retiring, I know he and his wife Ali. will be greatly missed. Vacancies always bring with them a sense of uncertainty and the parishes of South Severnside are very much in our prayers. As we look to the future, Bishop Viv in the new Diocesan vision statement has called us to be open, generous, creative, and brave. ## **8 Administrative information** St Mary’s Church is situated at 2, Church Hill, Olveston, South Gloucestershire, BS35 4BX. It is part of the Diocese of Bristol within the Church of England. The correspondence address is The PCC Secretary, 16 Ley Lane, Olveston BS35 4DG. The Vicarage is in Alveston, and the contact details are: St Helen’s Vicarage, Gloucester Road, Alveston, Bristol BS35 3QT, Tel. 01454 415190, Mob. 0789 0262 334 or email: mossds@gmail.com. The website: https://www.sthelensalvs.co.uk/stmarys/about/ and the recently established North Severnside Facebook are important means through which the church communicates its activities with the community. The Parochial Church Council (PCC) is a charity registered with the Charity Commission:- number: 1134397. PCC members who have served during 2021 and until the date this report was approved are: 10 |**Role on PCC**|**Name**|**Date of Election**| |---|---|---| |Priest in Charge|Rev David Moss|2nd November 2017| |Curate in Charge|Rev Stephen Oram|28th April 2019| |**Wardens**||| |Churchwarden|Mrs Debbie Harries|23rd May 2021| |Churchwarden|Mr Martin Gibson|23rd May 2021| |**Deanery Synod**||| |Deanery Synod Rep|Mrs Sue Farr|23rd May 2021| |Deanery Synod Rep|Mr Martin Gibson|23rd May 2021| |**Elected Members**||| |PCC Treasurer|Dr David Prothero|4th October 2020| |PCC Secretary|Mr Bernard Amos|24th April 2019| |PCC representative|Dr Michael Wright|4th October 2020| |PCC representative|Mrs Gail Lowe
|24th April 2019| |PCC representative|Mrs Stephanie Fairhead
|4th October 2020| |PCC representative|Mrs Margaret Gibson
|4th October 2020| |PCC representative|Dr David Shaw
|4th October 2020| |PCC Representative|Mrs Audrey Shepherd|28th April 2019| |PCC Representative|Mr Phil Savage|4th October 2020| |PCC Representative|Mrs Fennella Tait|28th April 2019| |PCC Representative|Mrs Janet McBride LLM (co-opted)|3rd February 2021| |PCC Representative|Mr Lindsey Henniker-Heaton|4th October 2020| |**Ex Officio Members**|Rev Ann Lloyd|| ||Rev Ann Parker|| ||Rev Lady Helen Webb|| ||Rev David Bone|| Approved by the PCC on 25 April 2022 and signed on their behalf by the Reverend David Moss (PCC Chairman) 11 Independent Examlner's Report To The Parochial Church Council Of St Mary The Virgin Olveston, With Aust I report on the a￿Ount5 of Ihe Parochial Church Council of Sl Mary the Virgin Ofveslon. with Ausl, for the year ended 31 December 2021, which are sel out on pages 110 10. Respectlve responsibllltles of the PCC and the Independent Examiner The PCC consider that an audit is not required for this year under section 144{21 of the chariL'es Act 2011 (the 2011 Acl) and that an independenl examination is needed. It is my respofbsibilily to.. examine the accounts under section 145 of the 2011 Act.. follow the procedures laid down in the General DFreclions given by the Charity Commissioners section 1451511bl of the 2011 Act., and slate whether particular matters have ¢ome lo my attention Basls of Independent Examlner's Statement My examinalion was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting r8cor(Is kept by the PCC and a comparison of the accounts wlh ihose re¢ord5. 11 also Includes consideration of any nusual items or disclosures in rhe accounts and seeking explanations from you as trustees con￿rning any such matters. The procedures undertaken do not provide 811 the evidence th81 would be required in a lull audil. and eonsequenlly I do not express an audit opinion on the accounts. Indopendent Examin•r'# Statement In connection with my examination, no matters have come lo my attention.. l. which give me reasonable cause lo beI￿Ve that in 8ny material respect the uiremenls lo keep accounung fer￿d5 in accordance with section 130 of the Act,. or lo prepare accounts which accord with the accounting rec￿dS have not been met,. or 2. 10 which, in my opinion, attenlion should be drawn in order to enable a proper nderslanding of the accDunts lo be reached. Signed.. Mr Roger B Smart FCA Kenora Fami. Pilning Street. P(Ining PARCCHNLCHURCH COUNCIL of St IiARYth•MRGIN. CLMESTON*ilh AUST Rog￿ Ch• 1134397 FIXED ASSETS 1￿.817 V2.IyJ1 105.847 92.601 CURRENT ASSEf8 19.788 202.252 59.478 11.043 279.510 42,973 Short Te￿ DepJ• Cash at CURRENT LIABILrnES Arnounts fallirvJ ¢Jw or• y•w 276.525 110.162 TOTAL NET A8SETg 382.372 422,762 PUND8 1r13.469 167.0 105.847 111.373 218,789 92.801 R••trthd Endry*ThMt 382.372 422,782 KSJ88 IPCC Chw). PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397 ## **STATEMENT of FINANCIAL ACTIVITIES as at 31 DECEMBER 2021** |Unrestricted
Restricted
Endowment
**TOTAL FUNDS**
Funds
Funds
Funds
**2021**
**2020**
£
£
£
£
£
**INCOMING RESOURCES**
Note
Voluntary Income - Regular Giving
2a
63,635
2,334
0
65,970
65,146
Voluntary Income - Donations
2b
1,578
117,338
0
118,916
40,094
Income from Church Activities
2c
6,585
0
0
6,585
6,152
Gross Income from Events & Activities
2d
15,780
694
0
16,473
11,064
Legacies etc
2e
2,000
6,303
0
8,303
2,687
Income from Investments
2f
95
89
2,686
2,870
3,778
**TOTAL INCOMING RESOURCES**
**89,673**
**126,757**
**2,686**
**219,117**
**128,921**
**RESOURCES USED**
Charitable Giving - from service collections
3a
0
1,783
0
1,783
0
Charitable Giving - donations
3a
715
7,538
0
8,253
14,926
Ministry
3b1
54,293
0
0
54,293
67,733
Church Running Expenses
3b2
30,793
180
0
30,973
20,829
Church Admin
3c
2,289
0
0
2,289
6,821
Other Expenditure
3d3
7,569
167,513
0
175,081
17,522
**TOTAL RESOURCES USED**
**95,659**
**177,014**
**0**
**272,673**
**127,832**
NET INCOMING RESOURCES BEFORE TRANSFERS
-5,985
-50,257
2,686
-53,556
1,089
TRANSFERS BETWEEN FUNDS
4,162
-1,476
-2,686
0
0
GAINS & LOSSES on INVESTMENTS (Unrealised)
M&G Charibond Units
-81
-81
27
CBF Investment Fund Shares
13,247
13,247
5,958
**NET MOVEMENT in FUNDS**
**-1,904**
**-51,733**
**13,247**
**-40,390**
**7,074**
BALANCES BROUGHT FORWARD AT
1 January 2021 (2020)
111,373
218,789
92,601
422,762
415,688
**BALANCES CARRIED FORWARD**
**AT 31 DECEMBER 2021 (2020)**
**109,469**
**167,056**
**105,847**
**382,372**
**422,762**|Unrestricted
Restricted
Endowment
**TOTAL FUNDS**
Funds
Funds
Funds
**2021**
**2020**
£
£
£
£
£
**INCOMING RESOURCES**
Note
Voluntary Income - Regular Giving
2a
63,635
2,334
0
65,970
65,146
Voluntary Income - Donations
2b
1,578
117,338
0
118,916
40,094
Income from Church Activities
2c
6,585
0
0
6,585
6,152
Gross Income from Events & Activities
2d
15,780
694
0
16,473
11,064
Legacies etc
2e
2,000
6,303
0
8,303
2,687
Income from Investments
2f
95
89
2,686
2,870
3,778
**TOTAL INCOMING RESOURCES**
**89,673**
**126,757**
**2,686**
**219,117**
**128,921**
**RESOURCES USED**
Charitable Giving - from service collections
3a
0
1,783
0
1,783
0
Charitable Giving - donations
3a
715
7,538
0
8,253
14,926
Ministry
3b1
54,293
0
0
54,293
67,733
Church Running Expenses
3b2
30,793
180
0
30,973
20,829
Church Admin
3c
2,289
0
0
2,289
6,821
Other Expenditure
3d3
7,569
167,513
0
175,081
17,522
**TOTAL RESOURCES USED**
**95,659**
**177,014**
**0**
**272,673**
**127,832**
NET INCOMING RESOURCES BEFORE TRANSFERS
-5,985
-50,257
2,686
-53,556
1,089
TRANSFERS BETWEEN FUNDS
4,162
-1,476
-2,686
0
0
GAINS & LOSSES on INVESTMENTS (Unrealised)
M&G Charibond Units
-81
-81
27
CBF Investment Fund Shares
13,247
13,247
5,958
**NET MOVEMENT in FUNDS**
**-1,904**
**-51,733**
**13,247**
**-40,390**
**7,074**
BALANCES BROUGHT FORWARD AT
1 January 2021 (2020)
111,373
218,789
92,601
422,762
415,688
**BALANCES CARRIED FORWARD**
**AT 31 DECEMBER 2021 (2020)**
**109,469**
**167,056**
**105,847**
**382,372**
**422,762**|Unrestricted
Restricted
Endowment
**TOTAL FUNDS**
Funds
Funds
Funds
**2021**
**2020**
£
£
£
£
£
**INCOMING RESOURCES**
Note
Voluntary Income - Regular Giving
2a
63,635
2,334
0
65,970
65,146
Voluntary Income - Donations
2b
1,578
117,338
0
118,916
40,094
Income from Church Activities
2c
6,585
0
0
6,585
6,152
Gross Income from Events & Activities
2d
15,780
694
0
16,473
11,064
Legacies etc
2e
2,000
6,303
0
8,303
2,687
Income from Investments
2f
95
89
2,686
2,870
3,778
**TOTAL INCOMING RESOURCES**
**89,673**
**126,757**
**2,686**
**219,117**
**128,921**
**RESOURCES USED**
Charitable Giving - from service collections
3a
0
1,783
0
1,783
0
Charitable Giving - donations
3a
715
7,538
0
8,253
14,926
Ministry
3b1
54,293
0
0
54,293
67,733
Church Running Expenses
3b2
30,793
180
0
30,973
20,829
Church Admin
3c
2,289
0
0
2,289
6,821
Other Expenditure
3d3
7,569
167,513
0
175,081
17,522
**TOTAL RESOURCES USED**
**95,659**
**177,014**
**0**
**272,673**
**127,832**
NET INCOMING RESOURCES BEFORE TRANSFERS
-5,985
-50,257
2,686
-53,556
1,089
TRANSFERS BETWEEN FUNDS
4,162
-1,476
-2,686
0
0
GAINS & LOSSES on INVESTMENTS (Unrealised)
M&G Charibond Units
-81
-81
27
CBF Investment Fund Shares
13,247
13,247
5,958
**NET MOVEMENT in FUNDS**
**-1,904**
**-51,733**
**13,247**
**-40,390**
**7,074**
BALANCES BROUGHT FORWARD AT
1 January 2021 (2020)
111,373
218,789
92,601
422,762
415,688
**BALANCES CARRIED FORWARD**
**AT 31 DECEMBER 2021 (2020)**
**109,469**
**167,056**
**105,847**
**382,372**
**422,762**| |---|---|---| ||Funds
Funds
Funds
**2021**
£
£
£
£

63,635
2,334
0
65,970
1,578
117,338
0
118,916
6,585
0
0
6,585
15,780
694
0
16,473
2,000
6,303
0
8,303
95
89
2,686
2,870|**2020**
£
65,146
40,094
6,152
11,064
2,687
3,778| ||**89,673**
**126,757**
**2,686**
**219,117**|**128,921**| ||0
1,783
0
1,783
715
7,538
0
8,253
54,293
0
0
54,293
30,793
180
0
30,973
2,289
0
0
2,289
7,569
167,513
0
175,081|0
14,926
67,733
20,829
6,821
17,522| ||**95,659**
**177,014**
**0**
**272,673**|**127,832**| ||-5,985
-50,257
2,686
-53,556
4,162
-1,476
-2,686
0
-81
-81
13,247
13,247|1,089
0
27
5,958| ||**-1,904**
**-51,733**
**13,247**
**-40,390**|**7,074**| ||111,373
218,789
92,601
422,762|415,688| ||**109,469**
**167,056**
**105,847**
**382,372**|**422,762**| The notes on pages 3 to 10 form part of these accounts Page 2 Parochial Church Council of St Mary the Virgin, Olveston with Aust Registered Charity Number: 1134397 ## **Notes on Financial Activities as at 31 December 2021** ## **1) Accounting Policies** ## **a) Basis of Preparation** Financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with the Statement of Recommended Practice for accounting and reporting by charities SORP (FRSSE) 2015, issued in May 2014. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. ## **b) Incoming resources** Income is recognised when the PCC is legally entitled to the income. Planned giving, collections and donations are recognised when received. Tax recoverable on Gift Aid donations is recognised as soon as the amounts are claimable, as are top-up payments under the Small Donations Scheme. Recoveries of VAT under the Listed Places of Worship Grant Scheme are offset against the related expenditure, when the payments have been received. Grants and legacies are accounted for when the PCC is notified of its legal entitlement and the amount due is quantifiable. Interest on investments is accounted for as it accrues. ## **c) Resources used** ## **i) Charitable Grants and Donations (Outward Giving)** Grants and donations based on income received for specific charities are treated as restricted funds and the liability for payment is recognised when the amounts are received. Grants and donations made from unrestricted funds are recognised when determined by the PCC. ## **ii) Church Fabric** Significant projects related to the fabric of the church are funded from a specific restricted fund established for this purpose. Expenditure is generally recognised when it is incurred. ## **iii) All Other Expenditure** All other expenditure is generally recognised when it is incurred. ## **d) Funds** General purposes funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted and details of the funds held are provided in note 5. Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in note 5. Endowment funds, where the capital must be retained, are explained in note 5. ## **e) Reserves Policy** It is PCC policy to maintain (if possible) a balance on unrestricted general purposes funds, which equates to approximately 6 months’ unrestricted general purposes payments for both St Mary's Church and St John's Church, to cover emergency situations that may arise from time to time. ## **f) Fixed assets** ## **i) Tangible** Consecrated and beneficed property of any kind is excluded from the financial statements by s.96(2)(a) of the Charities Act 1993. Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for as ‘inalienable’ property and are not required to be accounted for in the PCC’s accounts. All other tangible fixed assets have fully depreciated. ## **ii) Investments** Investments are valued at market value at 31 December. Unrealised gains and losses represent the difference between the market value at the beginning and end of the financial year. ## **g) Going Concern Accounting Policy** p p p y g g COVID-19 pandemic has had a profound impact on the global economy, and has in turn affected the charity. The trustees have considered the impact of this issue on the charity’s current and future financial position. The charity holds unrestricted, general reserves of £49,810 (£34,463 – St Mary’s Olveston, £15,347 – St John’s Aust) and unresricted designated reserves that can be drawn down if necessary of £59,887. The trustees consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved. Page 3 PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397 ## **NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2021** |**2 INCOMING RESOURCES**
**2a Voluntary Income - Regular Giving**
Planned Giving
Gift Aid income
Gift Aid Income - tax recoveries
Non Gift Aid income
Alms
Small cash donations scheme recoveries
Wall Safe
**2b Voluntary Income - Donations**
Donations
Donations - Church Fabric Fund (Olveston)
Donations - Facilities Fund (Aust)
Donations- Graveyard Fund (Aust)
Donations - Sow & Grow (Olveston)
Donations - tax recoveries
Donations Fabric Fund - tax recoveries
Donations Graveyard Fund - tax recoveries
**2c Income from Church Activities**
Choir (Olveston)
Coffee Shop (Olveston)
Monday Movies (Olveston)
Monday Movies - tax recoveries
Monday Movies - SCDS top up
Parochial Fees
**2d Income from Events & Activities**
FOSM (Olveston)
Fundraising
Fundraising - Fabric
Fundraising - Sow & Grow (Olveston)
Fundraising - tax recoveries
Fundraising - Fabric tax recoveries
Fundraising - SCDS top up
Fundraising - Fabric SCDS top-up
Fundraising - Sow & Grow tax recoveries
**2e Legacies etc**
Legacies
Miscellaneous
**2f Income from Investments**
CBF CoE FWT Inc A/c (1001D) (Olveston)
CBF CoE Inv Fund Shares (1170S) (Olveston
M&G Charibond Income Units (Olveston)
CBF CoE Deposit Fund (Aust)
**TOTAL INCOMING RESOURCES**|Unrestricted
Restricted
Endowment
**TOTAL FUNDS**|Unrestricted
Restricted
Endowment
**TOTAL FUNDS**| |---|---|---| ||Funds
Funds
Funds
**2021**
£
£
£
£
45,526
937
46,463
11,382
234
11,616
3,274
115
3,389
2,485
838
3,323
833
210
1,043
135
0
135|**2020**
£
47,440
11,863
3,314
1,818
584
128| ||**63,635**
**2,334**
**0**
**65,970**|**65,146**| ||1,383
1,503
2,887
98,729
98,729
5,000
5,000
440
440
2,000
2,000
195
286
481
9,379
9,379
0
0|13,655
20,625
0
946
5
1,630
3,229
4| ||**1,578**
**117,338**
**0**
**118,916**|**40,094**| ||375
375
422
422
888
888
96
96
56
56
4,747
4,747|100
419
1,134
114
67
4,318| ||**6,585**
**0**
**0**
**6,585**|**6,152**| ||10,219
10,219
5,522
341
5,863
282
282
0
4
4
5
5
35
35
66
66
0|9,854
302
176
668
3
0
5
44
13| ||**15,780**
**694**
**0**
**16,473**|**11,064**| ||2,000
2,703
4,703
3,600
3,600|2,577
110| ||**2,000**
**6,303**
**0**
**8,303**|**2,687**| ||43
79
122
)
2,686
2,686
47
47
5
10
15|1,010
2,594
56
118| ||**95**
**89**
**2,686**
**2,870**|**3,778**| |||| ||**89,673**
**126,757**
**2,686**
**219,117**|**128,921**| Page 4 PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397 ## **NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2021** |**3 RESOURCES USED**
Unrestricted
Restricted
Endowment
Funds
Funds
Funds
**2021**
**2020**
£
£
£
£
£
**3a Charitable Grants and Donations (details next page)**
Service Collections
1,783
1,783
0
Donations - Sow and Grow
5,500
5,500
10,156
Donations
715
2,038
2,753
4,770
**715**
**9,321**
**0**
**10,036**
**14,926**
**3b1 Ministry**
Clergy expenses - parochial
5,543
5,543
7,983
Parish Share
48,750
48,750
59,750
**54,293**
**0**
**0**
**54,293**
**67,733**
**3b2 Church Running Exp**
Altar Supplies
228
228
22
Bank Charges (Olveston)
112
112
60
Bibles (Olveston)
147
147
56
Choir (Olveston)
110
110
194
Churchyard
4,382
4,382
1,842
Cleaning
486
486
529
Clock (Aust)
186
186
186
Flowers (Olveston)
110
110
100
Insurance
5,473
5,473
5,417
Miscellaneous
3,209
3,209
2,033
Organist (Olveston)
2,267
2,267
971
Organ Maintenance (Aust)
0
180
180
0
Repairs and Maintenance
4,665
4,665
2,039
Utilities
6,090
6,090
4,134
Sacristan (Olveston)
3,327
3,327
3,246
**30,793**
**180**
**0**
**30,973**
**20,829**
**3c Church Admin**
External printing
797
797
1,244
Photocopier
888
888
888
Print and Stat consumables
71
71
40
Salary & exp - administrator
0
0
4,117
Telephone and Broadband
533
533
533
**2,289**
**0**
**0**
**2,289**
**6,821**
**3d3 Other Expenditure**
Bookstall (Olveston)
203
203
197
Church Fabric (Olveston)
167,185
167,185
483
Event costs (non Fund R)
115
115
165
Fund Raising costs (Unrest)
630
630
114
Fundraising costs (Sow & Grow)
0
69
Shine Choir
253
253
604
Restricted event payments
50
50
0
FOSM (Olveston)
5,077
5,077
5,142
Lent (Olveston)
395
395
61
Monday Movies (Olveston)
145
145
263
New Equipment (Olveston)
338
338
9,798
Defibrilator Maintenance (Aust
62
62
0
Subs and Donations
603
25
628
628
**7,569**
**167,513**
**0**
**175,081**
**17,522**
**TOTAL RESOURCES USED**
**95,659**
**177,014**
**0**
**272,673**
**127,832**
**TOTAL FUNDS**|**3 RESOURCES USED**
Unrestricted
Restricted
Endowment
Funds
Funds
Funds
**2021**
**2020**
£
£
£
£
£
**3a Charitable Grants and Donations (details next page)**
Service Collections
1,783
1,783
0
Donations - Sow and Grow
5,500
5,500
10,156
Donations
715
2,038
2,753
4,770
**715**
**9,321**
**0**
**10,036**
**14,926**
**3b1 Ministry**
Clergy expenses - parochial
5,543
5,543
7,983
Parish Share
48,750
48,750
59,750
**54,293**
**0**
**0**
**54,293**
**67,733**
**3b2 Church Running Exp**
Altar Supplies
228
228
22
Bank Charges (Olveston)
112
112
60
Bibles (Olveston)
147
147
56
Choir (Olveston)
110
110
194
Churchyard
4,382
4,382
1,842
Cleaning
486
486
529
Clock (Aust)
186
186
186
Flowers (Olveston)
110
110
100
Insurance
5,473
5,473
5,417
Miscellaneous
3,209
3,209
2,033
Organist (Olveston)
2,267
2,267
971
Organ Maintenance (Aust)
0
180
180
0
Repairs and Maintenance
4,665
4,665
2,039
Utilities
6,090
6,090
4,134
Sacristan (Olveston)
3,327
3,327
3,246
**30,793**
**180**
**0**
**30,973**
**20,829**
**3c Church Admin**
External printing
797
797
1,244
Photocopier
888
888
888
Print and Stat consumables
71
71
40
Salary & exp - administrator
0
0
4,117
Telephone and Broadband
533
533
533
**2,289**
**0**
**0**
**2,289**
**6,821**
**3d3 Other Expenditure**
Bookstall (Olveston)
203
203
197
Church Fabric (Olveston)
167,185
167,185
483
Event costs (non Fund R)
115
115
165
Fund Raising costs (Unrest)
630
630
114
Fundraising costs (Sow & Grow)
0
69
Shine Choir
253
253
604
Restricted event payments
50
50
0
FOSM (Olveston)
5,077
5,077
5,142
Lent (Olveston)
395
395
61
Monday Movies (Olveston)
145
145
263
New Equipment (Olveston)
338
338
9,798
Defibrilator Maintenance (Aust
62
62
0
Subs and Donations
603
25
628
628
**7,569**
**167,513**
**0**
**175,081**
**17,522**
**TOTAL RESOURCES USED**
**95,659**
**177,014**
**0**
**272,673**
**127,832**
**TOTAL FUNDS**|**3 RESOURCES USED**
Unrestricted
Restricted
Endowment
Funds
Funds
Funds
**2021**
**2020**
£
£
£
£
£
**3a Charitable Grants and Donations (details next page)**
Service Collections
1,783
1,783
0
Donations - Sow and Grow
5,500
5,500
10,156
Donations
715
2,038
2,753
4,770
**715**
**9,321**
**0**
**10,036**
**14,926**
**3b1 Ministry**
Clergy expenses - parochial
5,543
5,543
7,983
Parish Share
48,750
48,750
59,750
**54,293**
**0**
**0**
**54,293**
**67,733**
**3b2 Church Running Exp**
Altar Supplies
228
228
22
Bank Charges (Olveston)
112
112
60
Bibles (Olveston)
147
147
56
Choir (Olveston)
110
110
194
Churchyard
4,382
4,382
1,842
Cleaning
486
486
529
Clock (Aust)
186
186
186
Flowers (Olveston)
110
110
100
Insurance
5,473
5,473
5,417
Miscellaneous
3,209
3,209
2,033
Organist (Olveston)
2,267
2,267
971
Organ Maintenance (Aust)
0
180
180
0
Repairs and Maintenance
4,665
4,665
2,039
Utilities
6,090
6,090
4,134
Sacristan (Olveston)
3,327
3,327
3,246
**30,793**
**180**
**0**
**30,973**
**20,829**
**3c Church Admin**
External printing
797
797
1,244
Photocopier
888
888
888
Print and Stat consumables
71
71
40
Salary & exp - administrator
0
0
4,117
Telephone and Broadband
533
533
533
**2,289**
**0**
**0**
**2,289**
**6,821**
**3d3 Other Expenditure**
Bookstall (Olveston)
203
203
197
Church Fabric (Olveston)
167,185
167,185
483
Event costs (non Fund R)
115
115
165
Fund Raising costs (Unrest)
630
630
114
Fundraising costs (Sow & Grow)
0
69
Shine Choir
253
253
604
Restricted event payments
50
50
0
FOSM (Olveston)
5,077
5,077
5,142
Lent (Olveston)
395
395
61
Monday Movies (Olveston)
145
145
263
New Equipment (Olveston)
338
338
9,798
Defibrilator Maintenance (Aust
62
62
0
Subs and Donations
603
25
628
628
**7,569**
**167,513**
**0**
**175,081**
**17,522**
**TOTAL RESOURCES USED**
**95,659**
**177,014**
**0**
**272,673**
**127,832**
**TOTAL FUNDS**| |---|---|---| ||Funds
Funds
Funds
**2021**
£
£
£
£
**ations (details next page)**
1,783
1,783
5,500
5,500
715
2,038
2,753|**2020**
£
0
10,156
4,770| ||**715**
**9,321**
**0**
**10,036**|**14,926**| ||5,543
5,543
48,750
48,750|7,983
59,750| ||**54,293**
**0**
**0**
**54,293**|**67,733**| ||228
228
112
112
147
147
110
110
4,382
4,382
486
486
186
186
110
110
5,473
5,473
3,209
3,209
2,267
2,267
0
180
180
4,665
4,665
6,090
6,090
3,327
3,327|22
60
56
194
1,842
529
186
100
5,417
2,033
971
0
2,039
4,134
3,246| ||**30,793**
**180**
**0**
**30,973**|**20,829**| ||797
797
888
888
71
71
0
0
533
533|1,244
888
40
4,117
533| ||**2,289**
**0**
**0**
**2,289**|**6,821**| ||203
203
167,185
167,185
115
115
630
630
w)
0
253
253
50
50
5,077
5,077
395
395
145
145
338
338
t
62
62
603
25
628|197
483
165
114
69
604
0
5,142
61
263
9,798
0
628| ||**7,569**
**167,513**
**0**
**175,081**|**17,522**| |||| ||**95,659**
**177,014**
**0**
**272,673**|**127,832**| Page 5 PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397 ## **NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2021** |**3 RESOURCES USED**
Unrestricted Funds
Restricted Funds
Service Collections
Donations
**2021**
**2020**
£
£
£
£
£
**3a Charitable Grants and Donations**
**St Mary's, Olveston**
A Rocha UK
50
0
0
50
0
ARK Playbus
40
0
0
40
0
Barnabas Fund
0
140
0
140
150
Children's Society - Christingle
0
172
0
172
0
Christian Aid Week (Benefice Collection)
0
0
761
761
2,718
NSPCC
0
93
0
93
0
Olveston School - Reflective Space Area
0
0
5,500
5,500
0
Olveston & Tockington Methodist Church
50
0
0
50
0
One25 Ltd
0
0
1,000
1,000
0
Refugee Action
0
502
88
589
0
Royal British Legion (Poppy Appeal)
0
512
0
512
0
Salvation Army (Easton)
0
365
125
490
343
Salvation Army (Easton) - Choir Collection
0
0
65
65
0
Bristol North West Foodbank
0
0
0
0
90
Christian Engineers Development (Rwandan Ref
0
0
0
0
10,156
Nebbi Diocese
**0**
0
0
0
280
North Bristol Foodbank
**0**
0
0
0
90
Ugandan Clergy Appeal
**0**
0
0
0
1,000
140
1,783
7,538
9,461
14,826
**St John's, Aust**
Aust Village Hall Committee
500
0
0
500
0
Royal British Legion
75
0
0
75
0
Uganda Clergy Appeal
0
0
0
0
100
575
0
0
575
100
**Total**
715
1,783
7,538
10,036
14,926
**TOTAL**|**3 RESOURCES USED**
Unrestricted Funds
Restricted Funds
Service Collections
Donations
**2021**
**2020**
£
£
£
£
£
**3a Charitable Grants and Donations**
**St Mary's, Olveston**
A Rocha UK
50
0
0
50
0
ARK Playbus
40
0
0
40
0
Barnabas Fund
0
140
0
140
150
Children's Society - Christingle
0
172
0
172
0
Christian Aid Week (Benefice Collection)
0
0
761
761
2,718
NSPCC
0
93
0
93
0
Olveston School - Reflective Space Area
0
0
5,500
5,500
0
Olveston & Tockington Methodist Church
50
0
0
50
0
One25 Ltd
0
0
1,000
1,000
0
Refugee Action
0
502
88
589
0
Royal British Legion (Poppy Appeal)
0
512
0
512
0
Salvation Army (Easton)
0
365
125
490
343
Salvation Army (Easton) - Choir Collection
0
0
65
65
0
Bristol North West Foodbank
0
0
0
0
90
Christian Engineers Development (Rwandan Ref
0
0
0
0
10,156
Nebbi Diocese
**0**
0
0
0
280
North Bristol Foodbank
**0**
0
0
0
90
Ugandan Clergy Appeal
**0**
0
0
0
1,000
140
1,783
7,538
9,461
14,826
**St John's, Aust**
Aust Village Hall Committee
500
0
0
500
0
Royal British Legion
75
0
0
75
0
Uganda Clergy Appeal
0
0
0
0
100
575
0
0
575
100
**Total**
715
1,783
7,538
10,036
14,926
**TOTAL**|**3 RESOURCES USED**
Unrestricted Funds
Restricted Funds
Service Collections
Donations
**2021**
**2020**
£
£
£
£
£
**3a Charitable Grants and Donations**
**St Mary's, Olveston**
A Rocha UK
50
0
0
50
0
ARK Playbus
40
0
0
40
0
Barnabas Fund
0
140
0
140
150
Children's Society - Christingle
0
172
0
172
0
Christian Aid Week (Benefice Collection)
0
0
761
761
2,718
NSPCC
0
93
0
93
0
Olveston School - Reflective Space Area
0
0
5,500
5,500
0
Olveston & Tockington Methodist Church
50
0
0
50
0
One25 Ltd
0
0
1,000
1,000
0
Refugee Action
0
502
88
589
0
Royal British Legion (Poppy Appeal)
0
512
0
512
0
Salvation Army (Easton)
0
365
125
490
343
Salvation Army (Easton) - Choir Collection
0
0
65
65
0
Bristol North West Foodbank
0
0
0
0
90
Christian Engineers Development (Rwandan Ref
0
0
0
0
10,156
Nebbi Diocese
**0**
0
0
0
280
North Bristol Foodbank
**0**
0
0
0
90
Ugandan Clergy Appeal
**0**
0
0
0
1,000
140
1,783
7,538
9,461
14,826
**St John's, Aust**
Aust Village Hall Committee
500
0
0
500
0
Royal British Legion
75
0
0
75
0
Uganda Clergy Appeal
0
0
0
0
100
575
0
0
575
100
**Total**
715
1,783
7,538
10,036
14,926
**TOTAL**| |---|---|---| ||Service Collections
Donations
**2021**
£
£
£
£
50
0
0
50
40
0
0
40
0
140
0
140
0
172
0
172
0
0
761
761
0
93
0
93
0
0
5,500
5,500
50
0
0
50
0
0
1,000
1,000
0
502
88
589
0
512
0
512
0
365
125
490
0
0
65
65
0
0
0
0
f
0
0
0
0
**0**
0
0
0
**0**
0
0
0
**0**
0
0
0|**2020**
£
0
0
150
0
2,718
0
0
0
0
0
0
343
0
90
10,156
280
90
1,000| ||140
1,783
7,538
9,461|14,826| |||| ||500
0
0
500
75
0
0
75
0
0
0
0|0
0
100| ||575
0
0
575|100| |||| ||715
1,783
7,538
10,036|14,926| Page 6 ## PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397 ## **NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2021** |Unrestricted Funds
General Purposes
DesignatedFunds
Olveston
Aust
Vision
Fund
Choir
Summer
Ball
FOSM
£
£
£
£
£
£
**4 FIXED ASSETS**
Investment Assets (Endowment)
FWT Inv Fund Shares (1170S)
Tangible Fixed Assets
**0**
**0**
**0**
**0**
**0**
**0**
**5 ANALYSIS of NET ASSETS by FUND**
Fixed Assets
0
0
0
0
0
0
Current Assets
36,104
15,464
48,018
2,463
450
9,216
Current Liabilities
-1,641
-345
-260
0
0
0
**Fund Balance**
**34,463**
**15,119**
**47,758**
**2,463**
**450**
**9,216**|Restricted Funds|Restricted Funds| |---|---|---| ||Olveston|Aust| ||Fabric
Out Giv'g Sev'nside
Churches
Sow &
Grow|Facilities
Music
Roof
Graveyar
d| ||£
£
£
£|£
£
£
£| ||0
0
0
0
145,521
838
1,533
0
-878
-427
0
0|0
0
0
0
11,518
4,451
1,743
4,198
0
0
0
-1,440| ||**144,642**
**411**
**1,533**
**0**|**11,518**
**4,451**
**1,743**
**2,758**| ## **Designated Funds (All St Mary's)** Vision Fund Choir Fund: Summer Ball: Friends of St Mary's: This fund, sourced predominantly by legacies, was established by PCC to support developments relating to the implementation of St Mary's vision for the future, including initiatives aimed at developing a family friendly church. Of the balance at 31 December 2021, £5,000 is earmarked for projects aimed at engaging younger generations. This fund was established to provide funds to meet costs incurred by St Mary's Church Choir. This fund was established to support fundraising by the Summer Ball organising committee. This fund was established in 1994 to support fundraising by the Friends of St Mary's. ## **Restricted Funds** ## **St Mary's** Fabric Fund: Outward Giving: Severnside Churches Youth Fund: Sow & Grow Appeal: This fund was established in 2011 to provide funds for St Mary's Church fabric projects. This fund was established to support fundraising for a variety of specific causes or charities, excluding major biennial outward giving appeals. Money received is via donations or fundraising events. This fund is held on behalf of the Severnside Churches Group. Of the balance at 31st December 2021, £263 is earmarked to support Youth Choirs within the North Severnside Benefice. This fund was established in 2018 to support the most recent major biennial outward giving appeal to (a) create a reflective space area in the grounds of Olveston Primary School and (b) to provide an underground rain water collection tank, market garden tools and other help for Maynange, a refugee village in Rwanda. All the funding has now been provided and the Appeal has been closed. ## **St John's** Facilities Fund: Music Fund: Roof Fund: Graveyard Fund: This fund supports the provision of essential facilities (e.g. toilet, kitchen) which are currently lacking within the church. The initial priority is to provide a toilet facility, for which plans are being developed. This fund comprises mainly money received from the 'Music in the Church at Aust' charity following its dissolution in 2015. Its purpose is to provide funds for use, at the discretion of the DCC, in promoting the appreciation of music both within the church and more generally within the local community. This fund was established to provide funds to enable the repair of St John's Church roof following the theft of lead, and is now used for the funding of ongoing maintenance of the church roof. This fund was established in 2016 to provide funds specifically for the ongoing maintenance of the churchyard at St John's. ## **Endowment Fund (St Mary's)** Fred White Trust: The endowment fund represents the investment made by the PCC of the bequest from the late Fred White. Under the terms of the trust the capital cannot be used by PCC, but the income from the investments can be used for the general purposes of the church and churchyard at the discretion of the PCC. Page 7 PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397 ## **NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2021** |**6 DEBTORS**
Gift Aid recoveries
Small cash donations scheme recoveries
Prepayments and Accrued Interest
VAT reclaimed
Other debtors
**7 LIABILITIES**
Amounts falling due within one year
**8 SHORT TERM DEPOSITS**
With CBF at CCLA:
CBF CoE FWT Inc A/c (1001D)
M&G Investment Fund
CBF CoE Dep Account (Aust)
**9 CASH at BANK**
NatWest Current Account - (Olveston)
CAF Bank Current Account (Olveston)
NatWest Current Account - General (Aust)
Choir a/c
Summer Ball a/c
Friends of St Mary's a/c|Unrestricted
Restricted
Endowment
**TOTAL FUNDS**|Unrestricted
Restricted
Endowment
**TOTAL FUNDS**| |---|---|---| ||Funds
Funds
Funds
**2021**
£
£
£
£
2,531
269
0
2,800
852
275
0
1,127
1,333
2,668
0
4,001
442
10,581
0
11,023
170
668
0
838|**2020**
£
3,503
486
1,442
304
5,308| ||**5,328**
**14,460**
**0**
**19,788**|**11,043**| ||2,246
2,745
0
4,992|3,363| ||**2,246**
**2,745**
**0**
**4,992**|**3,363**| ||69,472
97,643
0
167,116
2,274
0
0
2,274
11,085
21,777
0
32,862|249,307
2,355
27,847| ||**82,832**
**119,420**
**0**
**202,252**|**279,510**| ||4,910
26,245
0
31,155
3,000
9,648
0
12,648
3,517
27
0
3,544
2,463
0
0
2,463
450
0
0
450
9,216
0
0
9,216|19,032
8,133
5,087
2,198
450
8,074| ||**23,556**
**35,921**
**0**
**59,476**|**42,973**| Page 8 PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397 ## **NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2021** ## **10 RECONCILIATION OF MOVEMENT IN FUNDS** ||||Unrestricted Funds|Unrestricted Funds|||||||Restricted Funds|Restricted Funds|||||Endow't||TOTAL|FUNDS| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||General|Purposes||Designated|(Olveston)||||Olveston||||Aust||||Funds||2021|2020| ||Olveston|Aust|Vision|Choir|Summer|FOSM||Fabric|Out Giv'g|Sev'nside|Sow &|Facilities|Music|Roof|Graveyar|||||| ||||Fund||Ball|||||Churches|Grow||||d|||||| ||£|£|£|£|£|£||£|£|£||£|£|£|£||£||£|£| |||||||||||||||||||||| |**BALANCES BROUGHT FORWARD AT**|37,181|14,794|48,676|2,198|450|8,074||194,291|461|1,785|3,500|6,514|4,629|1,767|5,842||92,601||422,762|415,688| |**1 JANUARY 2021 (2019)**||||||||||||||||||||| |**INCOME**|70,982|7,662|436|375|0|10,219||114,843|3,821|0|2,000|5,004|2|1|1,086||2,686||219,117|128,921| |**EXPENDITURE**|78,627|11,506|338|110|0|5,077||167,185|3,871|253|5,500|0|180|25|0||0||272,673|127,832| |**GAINS & LOSSES on INVESTMENTS**||||||||||||||||||||| |**(Unrealised)**|-81|0|0|0|0|0||0|0|0|0|0|0|0|0||13,247||13,166|5,985| |**TRANSFERS BETWEEN FUNDS**|5,009|4,170|-1,016|0|0|-4,000||2,694|0|0|0|0|0|0|-4,170||-2,686||0|0| |**BALANCES CARRIED FORWARD**||||||||||||||||||||| |**AT 31 DECEMBER 2021 (2019)**|**34,463**|**15,119**|**47,758**|**2,463**|**450**|**9,216**||**144,642**|**411**|**1,533**|**0**|**11,518**|**4,451**|**1,743**|**2,758**||**105,847**||**382,372**|**422,762**| Page 9 PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397 ## **NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2021** ## 11 **CONTINGENT ASSETS** ## **St Mary's, Olveston** In 2015 St Mary's Church was bequeathed a substantial legacy to be used for the maintenance of the fabric of the church building. The vast majority of this legacy has been received and is included in the accounts. The legacy included a share, along with 7 other beneficiaries, of two properties. One of the properties was sold in 2017 following agreement between the beneficiaries and the share received by St Mary's was included within the 2017 accounts. However, negotiations regarding the future of the second property are still taking place, as some of the beneficiaries wish to achieve full ownership of the property by buying out the shares of the other beneficiaries . Should the sale proceed, there is uncertainty concerning the value of the St Mary's share due to the need for a formal valuation of the property and the amount to be deducted for fees and other expenses associated with the sale. However, it is estimated to be in the region of £20,000. ## 12 **CAPITAL COMMITMENT** ## **St Mary's, Olveston** The accounts include expenditure on the St Mary's Church Tower Restoration Project incurred up to 31st December 2021. There is a further outstanding commitment of up to £50,000 (for which funding is available) to complete the Project. This will be included within the accounts for 2022. ## 13 **CONTINGENT LIABILITIES** ## **St John's, Aust** Aust District Church Council holds two small funds on behalf of other organisations, the Aust Pilgrimage Committee and the Committee resposible for the mainenance of the Aust Village defibrillator. At the 31st December 2021 the balances were £149 and £88 respectively. For simplfication of presentation these balances are included in the church's unrestricted fund balance within the accounts. Page 10 Independent Examlner's Report To The Parochial Church Council Of St Mary The Virgin Olveston, With Aust I report on the a￿Ount5 of Ihe Parochial Church Council of Sl Mary the Virgin Ofveslon. with Ausl, for the year ended 31 December 2021, which are sel out on pages 110 10. Respectlve responsibllltles of the PCC and the Independent Examiner The PCC consider that an audit is not required for this year under section 144{21 of the chariL'es Act 2011 (the 2011 Acl) and that an independenl examination is needed. It is my respofbsibilily to.. examine the accounts under section 145 of the 2011 Act.. follow the procedures laid down in the General DFreclions given by the Charity Commissioners section 1451511bl of the 2011 Act., and slate whether particular matters have ¢ome lo my attention Basls of Independent Examlner's Statement My examinalion was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting r8cor(Is kept by the PCC and a comparison of the accounts wlh ihose re¢ord5. 11 also Includes consideration of any nusual items or disclosures in rhe accounts and seeking explanations from you as trustees con￿rning any such matters. The procedures undertaken do not provide 811 the evidence th81 would be required in a lull audil. and eonsequenlly I do not express an audit opinion on the accounts. Indopendent Examin•r'# Statement In connection with my examination, no matters have come lo my attention.. l. which give me reasonable cause lo beI￿Ve that in 8ny material respect the uiremenls lo keep accounung fer￿d5 in accordance with section 130 of the Act,. or lo prepare accounts which accord with the accounting rec￿dS have not been met,. or 2. 10 which, in my opinion, attenlion should be drawn in order to enable a proper nderslanding of the accDunts lo be reached. Signed.. Mr Roger B Smart FCA Kenora Fami. Pilning Street. P(Ining PARCCHNLCHURCH COUNCIL of St IiARYth•MRGIN. CLMESTON*ilh AUST Rog￿ Ch• 1134397 FIXED ASSETS 1￿.817 V2.IyJ1 105.847 92.601 CURRENT ASSEf8 19.788 202.252 59.478 11.043 279.510 42,973 Short Te￿ DepJ• Cash at CURRENT LIABILrnES Arnounts fallirvJ ¢Jw or• y•w 276.525 110.162 TOTAL NET A8SETg 382.372 422,762 PUND8 1r13.469 167.0 105.847 111.373 218,789 92.801 R••trthd Endry*ThMt 382.372 422,782 KSJ88 IPCC Chw). PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397 ## **STATEMENT of FINANCIAL ACTIVITIES as at 31 DECEMBER 2021** |Unrestricted
Restricted
Endowment
**TOTAL FUNDS**
Funds
Funds
Funds
**2021**
**2020**
£
£
£
£
£
**INCOMING RESOURCES**
Note
Voluntary Income - Regular Giving
2a
63,635
2,334
0
65,970
65,146
Voluntary Income - Donations
2b
1,578
117,338
0
118,916
40,094
Income from Church Activities
2c
6,585
0
0
6,585
6,152
Gross Income from Events & Activities
2d
15,780
694
0
16,473
11,064
Legacies etc
2e
2,000
6,303
0
8,303
2,687
Income from Investments
2f
95
89
2,686
2,870
3,778
**TOTAL INCOMING RESOURCES**
**89,673**
**126,757**
**2,686**
**219,117**
**128,921**
**RESOURCES USED**
Charitable Giving - from service collections
3a
0
1,783
0
1,783
0
Charitable Giving - donations
3a
715
7,538
0
8,253
14,926
Ministry
3b1
54,293
0
0
54,293
67,733
Church Running Expenses
3b2
30,793
180
0
30,973
20,829
Church Admin
3c
2,289
0
0
2,289
6,821
Other Expenditure
3d3
7,569
167,513
0
175,081
17,522
**TOTAL RESOURCES USED**
**95,659**
**177,014**
**0**
**272,673**
**127,832**
NET INCOMING RESOURCES BEFORE TRANSFERS
-5,985
-50,257
2,686
-53,556
1,089
TRANSFERS BETWEEN FUNDS
4,162
-1,476
-2,686
0
0
GAINS & LOSSES on INVESTMENTS (Unrealised)
M&G Charibond Units
-81
-81
27
CBF Investment Fund Shares
13,247
13,247
5,958
**NET MOVEMENT in FUNDS**
**-1,904**
**-51,733**
**13,247**
**-40,390**
**7,074**
BALANCES BROUGHT FORWARD AT
1 January 2021 (2020)
111,373
218,789
92,601
422,762
415,688
**BALANCES CARRIED FORWARD**
**AT 31 DECEMBER 2021 (2020)**
**109,469**
**167,056**
**105,847**
**382,372**
**422,762**|Unrestricted
Restricted
Endowment
**TOTAL FUNDS**
Funds
Funds
Funds
**2021**
**2020**
£
£
£
£
£
**INCOMING RESOURCES**
Note
Voluntary Income - Regular Giving
2a
63,635
2,334
0
65,970
65,146
Voluntary Income - Donations
2b
1,578
117,338
0
118,916
40,094
Income from Church Activities
2c
6,585
0
0
6,585
6,152
Gross Income from Events & Activities
2d
15,780
694
0
16,473
11,064
Legacies etc
2e
2,000
6,303
0
8,303
2,687
Income from Investments
2f
95
89
2,686
2,870
3,778
**TOTAL INCOMING RESOURCES**
**89,673**
**126,757**
**2,686**
**219,117**
**128,921**
**RESOURCES USED**
Charitable Giving - from service collections
3a
0
1,783
0
1,783
0
Charitable Giving - donations
3a
715
7,538
0
8,253
14,926
Ministry
3b1
54,293
0
0
54,293
67,733
Church Running Expenses
3b2
30,793
180
0
30,973
20,829
Church Admin
3c
2,289
0
0
2,289
6,821
Other Expenditure
3d3
7,569
167,513
0
175,081
17,522
**TOTAL RESOURCES USED**
**95,659**
**177,014**
**0**
**272,673**
**127,832**
NET INCOMING RESOURCES BEFORE TRANSFERS
-5,985
-50,257
2,686
-53,556
1,089
TRANSFERS BETWEEN FUNDS
4,162
-1,476
-2,686
0
0
GAINS & LOSSES on INVESTMENTS (Unrealised)
M&G Charibond Units
-81
-81
27
CBF Investment Fund Shares
13,247
13,247
5,958
**NET MOVEMENT in FUNDS**
**-1,904**
**-51,733**
**13,247**
**-40,390**
**7,074**
BALANCES BROUGHT FORWARD AT
1 January 2021 (2020)
111,373
218,789
92,601
422,762
415,688
**BALANCES CARRIED FORWARD**
**AT 31 DECEMBER 2021 (2020)**
**109,469**
**167,056**
**105,847**
**382,372**
**422,762**|Unrestricted
Restricted
Endowment
**TOTAL FUNDS**
Funds
Funds
Funds
**2021**
**2020**
£
£
£
£
£
**INCOMING RESOURCES**
Note
Voluntary Income - Regular Giving
2a
63,635
2,334
0
65,970
65,146
Voluntary Income - Donations
2b
1,578
117,338
0
118,916
40,094
Income from Church Activities
2c
6,585
0
0
6,585
6,152
Gross Income from Events & Activities
2d
15,780
694
0
16,473
11,064
Legacies etc
2e
2,000
6,303
0
8,303
2,687
Income from Investments
2f
95
89
2,686
2,870
3,778
**TOTAL INCOMING RESOURCES**
**89,673**
**126,757**
**2,686**
**219,117**
**128,921**
**RESOURCES USED**
Charitable Giving - from service collections
3a
0
1,783
0
1,783
0
Charitable Giving - donations
3a
715
7,538
0
8,253
14,926
Ministry
3b1
54,293
0
0
54,293
67,733
Church Running Expenses
3b2
30,793
180
0
30,973
20,829
Church Admin
3c
2,289
0
0
2,289
6,821
Other Expenditure
3d3
7,569
167,513
0
175,081
17,522
**TOTAL RESOURCES USED**
**95,659**
**177,014**
**0**
**272,673**
**127,832**
NET INCOMING RESOURCES BEFORE TRANSFERS
-5,985
-50,257
2,686
-53,556
1,089
TRANSFERS BETWEEN FUNDS
4,162
-1,476
-2,686
0
0
GAINS & LOSSES on INVESTMENTS (Unrealised)
M&G Charibond Units
-81
-81
27
CBF Investment Fund Shares
13,247
13,247
5,958
**NET MOVEMENT in FUNDS**
**-1,904**
**-51,733**
**13,247**
**-40,390**
**7,074**
BALANCES BROUGHT FORWARD AT
1 January 2021 (2020)
111,373
218,789
92,601
422,762
415,688
**BALANCES CARRIED FORWARD**
**AT 31 DECEMBER 2021 (2020)**
**109,469**
**167,056**
**105,847**
**382,372**
**422,762**| |---|---|---| ||Funds
Funds
Funds
**2021**
£
£
£
£

63,635
2,334
0
65,970
1,578
117,338
0
118,916
6,585
0
0
6,585
15,780
694
0
16,473
2,000
6,303
0
8,303
95
89
2,686
2,870|**2020**
£
65,146
40,094
6,152
11,064
2,687
3,778| ||**89,673**
**126,757**
**2,686**
**219,117**|**128,921**| ||0
1,783
0
1,783
715
7,538
0
8,253
54,293
0
0
54,293
30,793
180
0
30,973
2,289
0
0
2,289
7,569
167,513
0
175,081|0
14,926
67,733
20,829
6,821
17,522| ||**95,659**
**177,014**
**0**
**272,673**|**127,832**| ||-5,985
-50,257
2,686
-53,556
4,162
-1,476
-2,686
0
-81
-81
13,247
13,247|1,089
0
27
5,958| ||**-1,904**
**-51,733**
**13,247**
**-40,390**|**7,074**| ||111,373
218,789
92,601
422,762|415,688| ||**109,469**
**167,056**
**105,847**
**382,372**|**422,762**| The notes on pages 3 to 10 form part of these accounts Page 2 Parochial Church Council of St Mary the Virgin, Olveston with Aust Registered Charity Number: 1134397 ## **Notes on Financial Activities as at 31 December 2021** ## **1) Accounting Policies** ## **a) Basis of Preparation** Financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with the Statement of Recommended Practice for accounting and reporting by charities SORP (FRSSE) 2015, issued in May 2014. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. ## **b) Incoming resources** Income is recognised when the PCC is legally entitled to the income. Planned giving, collections and donations are recognised when received. Tax recoverable on Gift Aid donations is recognised as soon as the amounts are claimable, as are top-up payments under the Small Donations Scheme. Recoveries of VAT under the Listed Places of Worship Grant Scheme are offset against the related expenditure, when the payments have been received. Grants and legacies are accounted for when the PCC is notified of its legal entitlement and the amount due is quantifiable. Interest on investments is accounted for as it accrues. ## **c) Resources used** ## **i) Charitable Grants and Donations (Outward Giving)** Grants and donations based on income received for specific charities are treated as restricted funds and the liability for payment is recognised when the amounts are received. Grants and donations made from unrestricted funds are recognised when determined by the PCC. ## **ii) Church Fabric** Significant projects related to the fabric of the church are funded from a specific restricted fund established for this purpose. Expenditure is generally recognised when it is incurred. ## **iii) All Other Expenditure** All other expenditure is generally recognised when it is incurred. ## **d) Funds** General purposes funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted and details of the funds held are provided in note 5. Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in note 5. Endowment funds, where the capital must be retained, are explained in note 5. ## **e) Reserves Policy** It is PCC policy to maintain (if possible) a balance on unrestricted general purposes funds, which equates to approximately 6 months’ unrestricted general purposes payments for both St Mary's Church and St John's Church, to cover emergency situations that may arise from time to time. ## **f) Fixed assets** ## **i) Tangible** Consecrated and beneficed property of any kind is excluded from the financial statements by s.96(2)(a) of the Charities Act 1993. Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for as ‘inalienable’ property and are not required to be accounted for in the PCC’s accounts. All other tangible fixed assets have fully depreciated. ## **ii) Investments** Investments are valued at market value at 31 December. Unrealised gains and losses represent the difference between the market value at the beginning and end of the financial year. ## **g) Going Concern Accounting Policy** p p p y g g COVID-19 pandemic has had a profound impact on the global economy, and has in turn affected the charity. The trustees have considered the impact of this issue on the charity’s current and future financial position. The charity holds unrestricted, general reserves of £49,810 (£34,463 – St Mary’s Olveston, £15,347 – St John’s Aust) and unresricted designated reserves that can be drawn down if necessary of £59,887. The trustees consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved. Page 3 PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397 ## **NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2021** |**2 INCOMING RESOURCES**
**2a Voluntary Income - Regular Giving**
Planned Giving
Gift Aid income
Gift Aid Income - tax recoveries
Non Gift Aid income
Alms
Small cash donations scheme recoveries
Wall Safe
**2b Voluntary Income - Donations**
Donations
Donations - Church Fabric Fund (Olveston)
Donations - Facilities Fund (Aust)
Donations- Graveyard Fund (Aust)
Donations - Sow & Grow (Olveston)
Donations - tax recoveries
Donations Fabric Fund - tax recoveries
Donations Graveyard Fund - tax recoveries
**2c Income from Church Activities**
Choir (Olveston)
Coffee Shop (Olveston)
Monday Movies (Olveston)
Monday Movies - tax recoveries
Monday Movies - SCDS top up
Parochial Fees
**2d Income from Events & Activities**
FOSM (Olveston)
Fundraising
Fundraising - Fabric
Fundraising - Sow & Grow (Olveston)
Fundraising - tax recoveries
Fundraising - Fabric tax recoveries
Fundraising - SCDS top up
Fundraising - Fabric SCDS top-up
Fundraising - Sow & Grow tax recoveries
**2e Legacies etc**
Legacies
Miscellaneous
**2f Income from Investments**
CBF CoE FWT Inc A/c (1001D) (Olveston)
CBF CoE Inv Fund Shares (1170S) (Olveston
M&G Charibond Income Units (Olveston)
CBF CoE Deposit Fund (Aust)
**TOTAL INCOMING RESOURCES**|Unrestricted
Restricted
Endowment
**TOTAL FUNDS**|Unrestricted
Restricted
Endowment
**TOTAL FUNDS**| |---|---|---| ||Funds
Funds
Funds
**2021**
£
£
£
£
45,526
937
46,463
11,382
234
11,616
3,274
115
3,389
2,485
838
3,323
833
210
1,043
135
0
135|**2020**
£
47,440
11,863
3,314
1,818
584
128| ||**63,635**
**2,334**
**0**
**65,970**|**65,146**| ||1,383
1,503
2,887
98,729
98,729
5,000
5,000
440
440
2,000
2,000
195
286
481
9,379
9,379
0
0|13,655
20,625
0
946
5
1,630
3,229
4| ||**1,578**
**117,338**
**0**
**118,916**|**40,094**| ||375
375
422
422
888
888
96
96
56
56
4,747
4,747|100
419
1,134
114
67
4,318| ||**6,585**
**0**
**0**
**6,585**|**6,152**| ||10,219
10,219
5,522
341
5,863
282
282
0
4
4
5
5
35
35
66
66
0|9,854
302
176
668
3
0
5
44
13| ||**15,780**
**694**
**0**
**16,473**|**11,064**| ||2,000
2,703
4,703
3,600
3,600|2,577
110| ||**2,000**
**6,303**
**0**
**8,303**|**2,687**| ||43
79
122
)
2,686
2,686
47
47
5
10
15|1,010
2,594
56
118| ||**95**
**89**
**2,686**
**2,870**|**3,778**| |||| ||**89,673**
**126,757**
**2,686**
**219,117**|**128,921**| Page 4 PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397 ## **NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2021** |**3 RESOURCES USED**
Unrestricted
Restricted
Endowment
Funds
Funds
Funds
**2021**
**2020**
£
£
£
£
£
**3a Charitable Grants and Donations (details next page)**
Service Collections
1,783
1,783
0
Donations - Sow and Grow
5,500
5,500
10,156
Donations
715
2,038
2,753
4,770
**715**
**9,321**
**0**
**10,036**
**14,926**
**3b1 Ministry**
Clergy expenses - parochial
5,543
5,543
7,983
Parish Share
48,750
48,750
59,750
**54,293**
**0**
**0**
**54,293**
**67,733**
**3b2 Church Running Exp**
Altar Supplies
228
228
22
Bank Charges (Olveston)
112
112
60
Bibles (Olveston)
147
147
56
Choir (Olveston)
110
110
194
Churchyard
4,382
4,382
1,842
Cleaning
486
486
529
Clock (Aust)
186
186
186
Flowers (Olveston)
110
110
100
Insurance
5,473
5,473
5,417
Miscellaneous
3,209
3,209
2,033
Organist (Olveston)
2,267
2,267
971
Organ Maintenance (Aust)
0
180
180
0
Repairs and Maintenance
4,665
4,665
2,039
Utilities
6,090
6,090
4,134
Sacristan (Olveston)
3,327
3,327
3,246
**30,793**
**180**
**0**
**30,973**
**20,829**
**3c Church Admin**
External printing
797
797
1,244
Photocopier
888
888
888
Print and Stat consumables
71
71
40
Salary & exp - administrator
0
0
4,117
Telephone and Broadband
533
533
533
**2,289**
**0**
**0**
**2,289**
**6,821**
**3d3 Other Expenditure**
Bookstall (Olveston)
203
203
197
Church Fabric (Olveston)
167,185
167,185
483
Event costs (non Fund R)
115
115
165
Fund Raising costs (Unrest)
630
630
114
Fundraising costs (Sow & Grow)
0
69
Shine Choir
253
253
604
Restricted event payments
50
50
0
FOSM (Olveston)
5,077
5,077
5,142
Lent (Olveston)
395
395
61
Monday Movies (Olveston)
145
145
263
New Equipment (Olveston)
338
338
9,798
Defibrilator Maintenance (Aust
62
62
0
Subs and Donations
603
25
628
628
**7,569**
**167,513**
**0**
**175,081**
**17,522**
**TOTAL RESOURCES USED**
**95,659**
**177,014**
**0**
**272,673**
**127,832**
**TOTAL FUNDS**|**3 RESOURCES USED**
Unrestricted
Restricted
Endowment
Funds
Funds
Funds
**2021**
**2020**
£
£
£
£
£
**3a Charitable Grants and Donations (details next page)**
Service Collections
1,783
1,783
0
Donations - Sow and Grow
5,500
5,500
10,156
Donations
715
2,038
2,753
4,770
**715**
**9,321**
**0**
**10,036**
**14,926**
**3b1 Ministry**
Clergy expenses - parochial
5,543
5,543
7,983
Parish Share
48,750
48,750
59,750
**54,293**
**0**
**0**
**54,293**
**67,733**
**3b2 Church Running Exp**
Altar Supplies
228
228
22
Bank Charges (Olveston)
112
112
60
Bibles (Olveston)
147
147
56
Choir (Olveston)
110
110
194
Churchyard
4,382
4,382
1,842
Cleaning
486
486
529
Clock (Aust)
186
186
186
Flowers (Olveston)
110
110
100
Insurance
5,473
5,473
5,417
Miscellaneous
3,209
3,209
2,033
Organist (Olveston)
2,267
2,267
971
Organ Maintenance (Aust)
0
180
180
0
Repairs and Maintenance
4,665
4,665
2,039
Utilities
6,090
6,090
4,134
Sacristan (Olveston)
3,327
3,327
3,246
**30,793**
**180**
**0**
**30,973**
**20,829**
**3c Church Admin**
External printing
797
797
1,244
Photocopier
888
888
888
Print and Stat consumables
71
71
40
Salary & exp - administrator
0
0
4,117
Telephone and Broadband
533
533
533
**2,289**
**0**
**0**
**2,289**
**6,821**
**3d3 Other Expenditure**
Bookstall (Olveston)
203
203
197
Church Fabric (Olveston)
167,185
167,185
483
Event costs (non Fund R)
115
115
165
Fund Raising costs (Unrest)
630
630
114
Fundraising costs (Sow & Grow)
0
69
Shine Choir
253
253
604
Restricted event payments
50
50
0
FOSM (Olveston)
5,077
5,077
5,142
Lent (Olveston)
395
395
61
Monday Movies (Olveston)
145
145
263
New Equipment (Olveston)
338
338
9,798
Defibrilator Maintenance (Aust
62
62
0
Subs and Donations
603
25
628
628
**7,569**
**167,513**
**0**
**175,081**
**17,522**
**TOTAL RESOURCES USED**
**95,659**
**177,014**
**0**
**272,673**
**127,832**
**TOTAL FUNDS**|**3 RESOURCES USED**
Unrestricted
Restricted
Endowment
Funds
Funds
Funds
**2021**
**2020**
£
£
£
£
£
**3a Charitable Grants and Donations (details next page)**
Service Collections
1,783
1,783
0
Donations - Sow and Grow
5,500
5,500
10,156
Donations
715
2,038
2,753
4,770
**715**
**9,321**
**0**
**10,036**
**14,926**
**3b1 Ministry**
Clergy expenses - parochial
5,543
5,543
7,983
Parish Share
48,750
48,750
59,750
**54,293**
**0**
**0**
**54,293**
**67,733**
**3b2 Church Running Exp**
Altar Supplies
228
228
22
Bank Charges (Olveston)
112
112
60
Bibles (Olveston)
147
147
56
Choir (Olveston)
110
110
194
Churchyard
4,382
4,382
1,842
Cleaning
486
486
529
Clock (Aust)
186
186
186
Flowers (Olveston)
110
110
100
Insurance
5,473
5,473
5,417
Miscellaneous
3,209
3,209
2,033
Organist (Olveston)
2,267
2,267
971
Organ Maintenance (Aust)
0
180
180
0
Repairs and Maintenance
4,665
4,665
2,039
Utilities
6,090
6,090
4,134
Sacristan (Olveston)
3,327
3,327
3,246
**30,793**
**180**
**0**
**30,973**
**20,829**
**3c Church Admin**
External printing
797
797
1,244
Photocopier
888
888
888
Print and Stat consumables
71
71
40
Salary & exp - administrator
0
0
4,117
Telephone and Broadband
533
533
533
**2,289**
**0**
**0**
**2,289**
**6,821**
**3d3 Other Expenditure**
Bookstall (Olveston)
203
203
197
Church Fabric (Olveston)
167,185
167,185
483
Event costs (non Fund R)
115
115
165
Fund Raising costs (Unrest)
630
630
114
Fundraising costs (Sow & Grow)
0
69
Shine Choir
253
253
604
Restricted event payments
50
50
0
FOSM (Olveston)
5,077
5,077
5,142
Lent (Olveston)
395
395
61
Monday Movies (Olveston)
145
145
263
New Equipment (Olveston)
338
338
9,798
Defibrilator Maintenance (Aust
62
62
0
Subs and Donations
603
25
628
628
**7,569**
**167,513**
**0**
**175,081**
**17,522**
**TOTAL RESOURCES USED**
**95,659**
**177,014**
**0**
**272,673**
**127,832**
**TOTAL FUNDS**| |---|---|---| ||Funds
Funds
Funds
**2021**
£
£
£
£
**ations (details next page)**
1,783
1,783
5,500
5,500
715
2,038
2,753|**2020**
£
0
10,156
4,770| ||**715**
**9,321**
**0**
**10,036**|**14,926**| ||5,543
5,543
48,750
48,750|7,983
59,750| ||**54,293**
**0**
**0**
**54,293**|**67,733**| ||228
228
112
112
147
147
110
110
4,382
4,382
486
486
186
186
110
110
5,473
5,473
3,209
3,209
2,267
2,267
0
180
180
4,665
4,665
6,090
6,090
3,327
3,327|22
60
56
194
1,842
529
186
100
5,417
2,033
971
0
2,039
4,134
3,246| ||**30,793**
**180**
**0**
**30,973**|**20,829**| ||797
797
888
888
71
71
0
0
533
533|1,244
888
40
4,117
533| ||**2,289**
**0**
**0**
**2,289**|**6,821**| ||203
203
167,185
167,185
115
115
630
630
w)
0
253
253
50
50
5,077
5,077
395
395
145
145
338
338
t
62
62
603
25
628|197
483
165
114
69
604
0
5,142
61
263
9,798
0
628| ||**7,569**
**167,513**
**0**
**175,081**|**17,522**| |||| ||**95,659**
**177,014**
**0**
**272,673**|**127,832**| Page 5 PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397 ## **NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2021** |**3 RESOURCES USED**
Unrestricted Funds
Restricted Funds
Service Collections
Donations
**2021**
**2020**
£
£
£
£
£
**3a Charitable Grants and Donations**
**St Mary's, Olveston**
A Rocha UK
50
0
0
50
0
ARK Playbus
40
0
0
40
0
Barnabas Fund
0
140
0
140
150
Children's Society - Christingle
0
172
0
172
0
Christian Aid Week (Benefice Collection)
0
0
761
761
2,718
NSPCC
0
93
0
93
0
Olveston School - Reflective Space Area
0
0
5,500
5,500
0
Olveston & Tockington Methodist Church
50
0
0
50
0
One25 Ltd
0
0
1,000
1,000
0
Refugee Action
0
502
88
589
0
Royal British Legion (Poppy Appeal)
0
512
0
512
0
Salvation Army (Easton)
0
365
125
490
343
Salvation Army (Easton) - Choir Collection
0
0
65
65
0
Bristol North West Foodbank
0
0
0
0
90
Christian Engineers Development (Rwandan Ref
0
0
0
0
10,156
Nebbi Diocese
**0**
0
0
0
280
North Bristol Foodbank
**0**
0
0
0
90
Ugandan Clergy Appeal
**0**
0
0
0
1,000
140
1,783
7,538
9,461
14,826
**St John's, Aust**
Aust Village Hall Committee
500
0
0
500
0
Royal British Legion
75
0
0
75
0
Uganda Clergy Appeal
0
0
0
0
100
575
0
0
575
100
**Total**
715
1,783
7,538
10,036
14,926
**TOTAL**|**3 RESOURCES USED**
Unrestricted Funds
Restricted Funds
Service Collections
Donations
**2021**
**2020**
£
£
£
£
£
**3a Charitable Grants and Donations**
**St Mary's, Olveston**
A Rocha UK
50
0
0
50
0
ARK Playbus
40
0
0
40
0
Barnabas Fund
0
140
0
140
150
Children's Society - Christingle
0
172
0
172
0
Christian Aid Week (Benefice Collection)
0
0
761
761
2,718
NSPCC
0
93
0
93
0
Olveston School - Reflective Space Area
0
0
5,500
5,500
0
Olveston & Tockington Methodist Church
50
0
0
50
0
One25 Ltd
0
0
1,000
1,000
0
Refugee Action
0
502
88
589
0
Royal British Legion (Poppy Appeal)
0
512
0
512
0
Salvation Army (Easton)
0
365
125
490
343
Salvation Army (Easton) - Choir Collection
0
0
65
65
0
Bristol North West Foodbank
0
0
0
0
90
Christian Engineers Development (Rwandan Ref
0
0
0
0
10,156
Nebbi Diocese
**0**
0
0
0
280
North Bristol Foodbank
**0**
0
0
0
90
Ugandan Clergy Appeal
**0**
0
0
0
1,000
140
1,783
7,538
9,461
14,826
**St John's, Aust**
Aust Village Hall Committee
500
0
0
500
0
Royal British Legion
75
0
0
75
0
Uganda Clergy Appeal
0
0
0
0
100
575
0
0
575
100
**Total**
715
1,783
7,538
10,036
14,926
**TOTAL**|**3 RESOURCES USED**
Unrestricted Funds
Restricted Funds
Service Collections
Donations
**2021**
**2020**
£
£
£
£
£
**3a Charitable Grants and Donations**
**St Mary's, Olveston**
A Rocha UK
50
0
0
50
0
ARK Playbus
40
0
0
40
0
Barnabas Fund
0
140
0
140
150
Children's Society - Christingle
0
172
0
172
0
Christian Aid Week (Benefice Collection)
0
0
761
761
2,718
NSPCC
0
93
0
93
0
Olveston School - Reflective Space Area
0
0
5,500
5,500
0
Olveston & Tockington Methodist Church
50
0
0
50
0
One25 Ltd
0
0
1,000
1,000
0
Refugee Action
0
502
88
589
0
Royal British Legion (Poppy Appeal)
0
512
0
512
0
Salvation Army (Easton)
0
365
125
490
343
Salvation Army (Easton) - Choir Collection
0
0
65
65
0
Bristol North West Foodbank
0
0
0
0
90
Christian Engineers Development (Rwandan Ref
0
0
0
0
10,156
Nebbi Diocese
**0**
0
0
0
280
North Bristol Foodbank
**0**
0
0
0
90
Ugandan Clergy Appeal
**0**
0
0
0
1,000
140
1,783
7,538
9,461
14,826
**St John's, Aust**
Aust Village Hall Committee
500
0
0
500
0
Royal British Legion
75
0
0
75
0
Uganda Clergy Appeal
0
0
0
0
100
575
0
0
575
100
**Total**
715
1,783
7,538
10,036
14,926
**TOTAL**| |---|---|---| ||Service Collections
Donations
**2021**
£
£
£
£
50
0
0
50
40
0
0
40
0
140
0
140
0
172
0
172
0
0
761
761
0
93
0
93
0
0
5,500
5,500
50
0
0
50
0
0
1,000
1,000
0
502
88
589
0
512
0
512
0
365
125
490
0
0
65
65
0
0
0
0
f
0
0
0
0
**0**
0
0
0
**0**
0
0
0
**0**
0
0
0|**2020**
£
0
0
150
0
2,718
0
0
0
0
0
0
343
0
90
10,156
280
90
1,000| ||140
1,783
7,538
9,461|14,826| |||| ||500
0
0
500
75
0
0
75
0
0
0
0|0
0
100| ||575
0
0
575|100| |||| ||715
1,783
7,538
10,036|14,926| Page 6 ## PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397 ## **NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2021** |Unrestricted Funds
General Purposes
DesignatedFunds
Olveston
Aust
Vision
Fund
Choir
Summer
Ball
FOSM
£
£
£
£
£
£
**4 FIXED ASSETS**
Investment Assets (Endowment)
FWT Inv Fund Shares (1170S)
Tangible Fixed Assets
**0**
**0**
**0**
**0**
**0**
**0**
**5 ANALYSIS of NET ASSETS by FUND**
Fixed Assets
0
0
0
0
0
0
Current Assets
36,104
15,464
48,018
2,463
450
9,216
Current Liabilities
-1,641
-345
-260
0
0
0
**Fund Balance**
**34,463**
**15,119**
**47,758**
**2,463**
**450**
**9,216**|Restricted Funds|Restricted Funds| |---|---|---| ||Olveston|Aust| ||Fabric
Out Giv'g Sev'nside
Churches
Sow &
Grow|Facilities
Music
Roof
Graveyar
d| ||£
£
£
£|£
£
£
£| ||0
0
0
0
145,521
838
1,533
0
-878
-427
0
0|0
0
0
0
11,518
4,451
1,743
4,198
0
0
0
-1,440| ||**144,642**
**411**
**1,533**
**0**|**11,518**
**4,451**
**1,743**
**2,758**| ## **Designated Funds (All St Mary's)** Vision Fund Choir Fund: Summer Ball: Friends of St Mary's: This fund, sourced predominantly by legacies, was established by PCC to support developments relating to the implementation of St Mary's vision for the future, including initiatives aimed at developing a family friendly church. Of the balance at 31 December 2021, £5,000 is earmarked for projects aimed at engaging younger generations. This fund was established to provide funds to meet costs incurred by St Mary's Church Choir. This fund was established to support fundraising by the Summer Ball organising committee. This fund was established in 1994 to support fundraising by the Friends of St Mary's. ## **Restricted Funds** ## **St Mary's** Fabric Fund: Outward Giving: Severnside Churches Youth Fund: Sow & Grow Appeal: This fund was established in 2011 to provide funds for St Mary's Church fabric projects. This fund was established to support fundraising for a variety of specific causes or charities, excluding major biennial outward giving appeals. Money received is via donations or fundraising events. This fund is held on behalf of the Severnside Churches Group. Of the balance at 31st December 2021, £263 is earmarked to support Youth Choirs within the North Severnside Benefice. This fund was established in 2018 to support the most recent major biennial outward giving appeal to (a) create a reflective space area in the grounds of Olveston Primary School and (b) to provide an underground rain water collection tank, market garden tools and other help for Maynange, a refugee village in Rwanda. All the funding has now been provided and the Appeal has been closed. ## **St John's** Facilities Fund: Music Fund: Roof Fund: Graveyard Fund: This fund supports the provision of essential facilities (e.g. toilet, kitchen) which are currently lacking within the church. The initial priority is to provide a toilet facility, for which plans are being developed. This fund comprises mainly money received from the 'Music in the Church at Aust' charity following its dissolution in 2015. Its purpose is to provide funds for use, at the discretion of the DCC, in promoting the appreciation of music both within the church and more generally within the local community. This fund was established to provide funds to enable the repair of St John's Church roof following the theft of lead, and is now used for the funding of ongoing maintenance of the church roof. This fund was established in 2016 to provide funds specifically for the ongoing maintenance of the churchyard at St John's. ## **Endowment Fund (St Mary's)** Fred White Trust: The endowment fund represents the investment made by the PCC of the bequest from the late Fred White. Under the terms of the trust the capital cannot be used by PCC, but the income from the investments can be used for the general purposes of the church and churchyard at the discretion of the PCC. Page 7 PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397 ## **NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2021** |**6 DEBTORS**
Gift Aid recoveries
Small cash donations scheme recoveries
Prepayments and Accrued Interest
VAT reclaimed
Other debtors
**7 LIABILITIES**
Amounts falling due within one year
**8 SHORT TERM DEPOSITS**
With CBF at CCLA:
CBF CoE FWT Inc A/c (1001D)
M&G Investment Fund
CBF CoE Dep Account (Aust)
**9 CASH at BANK**
NatWest Current Account - (Olveston)
CAF Bank Current Account (Olveston)
NatWest Current Account - General (Aust)
Choir a/c
Summer Ball a/c
Friends of St Mary's a/c|Unrestricted
Restricted
Endowment
**TOTAL FUNDS**|Unrestricted
Restricted
Endowment
**TOTAL FUNDS**| |---|---|---| ||Funds
Funds
Funds
**2021**
£
£
£
£
2,531
269
0
2,800
852
275
0
1,127
1,333
2,668
0
4,001
442
10,581
0
11,023
170
668
0
838|**2020**
£
3,503
486
1,442
304
5,308| ||**5,328**
**14,460**
**0**
**19,788**|**11,043**| ||2,246
2,745
0
4,992|3,363| ||**2,246**
**2,745**
**0**
**4,992**|**3,363**| ||69,472
97,643
0
167,116
2,274
0
0
2,274
11,085
21,777
0
32,862|249,307
2,355
27,847| ||**82,832**
**119,420**
**0**
**202,252**|**279,510**| ||4,910
26,245
0
31,155
3,000
9,648
0
12,648
3,517
27
0
3,544
2,463
0
0
2,463
450
0
0
450
9,216
0
0
9,216|19,032
8,133
5,087
2,198
450
8,074| ||**23,556**
**35,921**
**0**
**59,476**|**42,973**| Page 8 PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397 ## **NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2021** ## **10 RECONCILIATION OF MOVEMENT IN FUNDS** ||||Unrestricted Funds|Unrestricted Funds|||||||Restricted Funds|Restricted Funds|||||Endow't||TOTAL|FUNDS| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||General|Purposes||Designated|(Olveston)||||Olveston||||Aust||||Funds||2021|2020| ||Olveston|Aust|Vision|Choir|Summer|FOSM||Fabric|Out Giv'g|Sev'nside|Sow &|Facilities|Music|Roof|Graveyar|||||| ||||Fund||Ball|||||Churches|Grow||||d|||||| ||£|£|£|£|£|£||£|£|£||£|£|£|£||£||£|£| |||||||||||||||||||||| |**BALANCES BROUGHT FORWARD AT**|37,181|14,794|48,676|2,198|450|8,074||194,291|461|1,785|3,500|6,514|4,629|1,767|5,842||92,601||422,762|415,688| |**1 JANUARY 2021 (2019)**||||||||||||||||||||| |**INCOME**|70,982|7,662|436|375|0|10,219||114,843|3,821|0|2,000|5,004|2|1|1,086||2,686||219,117|128,921| |**EXPENDITURE**|78,627|11,506|338|110|0|5,077||167,185|3,871|253|5,500|0|180|25|0||0||272,673|127,832| |**GAINS & LOSSES on INVESTMENTS**||||||||||||||||||||| |**(Unrealised)**|-81|0|0|0|0|0||0|0|0|0|0|0|0|0||13,247||13,166|5,985| |**TRANSFERS BETWEEN FUNDS**|5,009|4,170|-1,016|0|0|-4,000||2,694|0|0|0|0|0|0|-4,170||-2,686||0|0| |**BALANCES CARRIED FORWARD**||||||||||||||||||||| |**AT 31 DECEMBER 2021 (2019)**|**34,463**|**15,119**|**47,758**|**2,463**|**450**|**9,216**||**144,642**|**411**|**1,533**|**0**|**11,518**|**4,451**|**1,743**|**2,758**||**105,847**||**382,372**|**422,762**| Page 9 PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397 ## **NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2021** ## 11 **CONTINGENT ASSETS** ## **St Mary's, Olveston** In 2015 St Mary's Church was bequeathed a substantial legacy to be used for the maintenance of the fabric of the church building. The vast majority of this legacy has been received and is included in the accounts. The legacy included a share, along with 7 other beneficiaries, of two properties. One of the properties was sold in 2017 following agreement between the beneficiaries and the share received by St Mary's was included within the 2017 accounts. However, negotiations regarding the future of the second property are still taking place, as some of the beneficiaries wish to achieve full ownership of the property by buying out the shares of the other beneficiaries . Should the sale proceed, there is uncertainty concerning the value of the St Mary's share due to the need for a formal valuation of the property and the amount to be deducted for fees and other expenses associated with the sale. However, it is estimated to be in the region of £20,000. ## 12 **CAPITAL COMMITMENT** ## **St Mary's, Olveston** The accounts include expenditure on the St Mary's Church Tower Restoration Project incurred up to 31st December 2021. There is a further outstanding commitment of up to £50,000 (for which funding is available) to complete the Project. This will be included within the accounts for 2022. ## 13 **CONTINGENT LIABILITIES** ## **St John's, Aust** Aust District Church Council holds two small funds on behalf of other organisations, the Aust Pilgrimage Committee and the Committee resposible for the mainenance of the Aust Village defibrillator. At the 31st December 2021 the balances were £149 and £88 respectively. For simplfication of presentation these balances are included in the church's unrestricted fund balance within the accounts. Page 10