2022-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St. Mary's, Olveston

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Trustees' Annual Report for the Parochial Church Council of St Mary's Church, Olveston 2022

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

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 has been 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. However, since 2020, due to Covid and the large project to replace pinnacles on the Church tower, this policy has been suspended until we can implement the full range of fund-raising activities. 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, which we have managed to continue..

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 2022 were able to start recovering from the long term effects of Covid lockdowns and the restrictions on collective projects

3a Worshipping God

Our vision for 2022 was :

To plan how to recruit a Family Worker/Growing in Faith Chaplain.

After a lot of discussion and negotiation, it was decided that we would reduce our Parish Share pledge to the Diocese and redirect funds to be able to pay for a Family Worker/Growing in Faith Chaplain.

Vision for 2023: to advertise for the position in Q1 .

Emphasis on our stewardship of God’s Creation and working to meet the challenge of being carbon neutral by 2030 and to aim to achieve the Bronze Award from Rocha:-

St Mary’s was awarded the Bronze Award by Rocha in 2022……

Vision for 2023: to achieve the next level of Rocha i.e. Silver Award

Implement a variety of worship styles reflecting the diversity of spirituality in Olveston:-

During 2022 a full service schedule re commenced following the enforced limited schedule in 2020/21 It is good also, to have Fran Brearly from a neighbouring parish supporting our ministry team by leading worship from time to time

Vision for 2023: To widen the variety of services, including Taize, Celtic and to trial “Messy Church” (family friendly)

Figures recorded on Parish Returns for church-based activities over the years 2016 - 2022 were as follows::

follows::
Sta$s$c	2016	2017	2018	2019	2020	2021	2022
No. on Electoral Roll Sunday Adult A>endance	199 94	202 85	191 85	125 65	145 Covid restricted	145 Covid restricted	141 59
2

Sunday Under 16 A>endance No. of Bap$sms No. of Confrma$ons No. of Funerals No. of Weddings	17 10 3 23 4	2 3 0 9 7	6 5 0 11 3	1 4 0 17 2	Covid restricted 2 0 10 1	Covid restricted 1 0 8 4	0 9 0 13 5

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

Planned Giving

Planned Giving
Statistic	2016	2017	2018	2019	2020	2021	2022
	(£)	(£)	(£)	(£)	(£)	(£)	(£)
Planned Giving	57,111	56,812	54,324	51,133	47,874	46,136	43,071
Loose Change	7,214	7,235	7,879	6,644	2,355	2,760	4,750

We have broadened our options for giving in 2022 by introducing contactless payments by a device permanently in the church, to add to our on-line giving page.

3b Growing in Faith

Our vision for 2022

Continue to reach out into the community, sharing Christ’s Love and making disciples and provide room for all to explore faith and life without fear of being judged.

1. Re-establish Small Groups

Small groups: (Bible Study, 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 2022 these were were successfully re-established and Wednesday Communion services were re-introduced.

Vision for 2023: To continue to encourage higher attendance to Bible Study and other small group activities

2. Plan Focus groups during in Lent Activities

The focus of the Lent Study Groups in 2022 was on The Lord’s Prayer

Vision for 2023: To adopt the “Embracing Justice” guidance with booklet as a focus of groups meeting to study during Lent

3. Continue to develop Preachers and focus on Prayers

In 2022 Rev D Moss introduced Monthly Ministerial Meetings, involving all clergy from across the whole benefice. The PCC supported LM Paul Harrod to move to ordination.

A group of 15 members St Mary’s congregation attended a retreat at Lee Abbey in 2nd quarter of 2022

Vision for 2023: To integrate and support a new family worker into the ministry team

PLANNED GIVING

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.

3c Serving Others

Our vision for 2022 was

3.c. 1. Continue to develop strong links with local schools

The Rev D Moss and Rev Ann Lloyd regularly deliver assembly services for both Olveston CEVC Primary School and Tockington Manor School. “Open the Book”, (where a group of representatives from within the benefice deliver an immersive experience of bible stories) were successfully delivered to schools. These are very popular with pupils.

V ision for 2023: To continue to develop these activities and hold some assemblies in St Mary’s Church.

3.c 2. To support charities and other causes, both UK based and International.

A service was planned with The Salvation Army band (Easton Division), combined with a concert of music and collection of toys, to support their Christmas Appeal. Due to bad weather this wasn’t able to take place, but the collection at the church service and a collection of toys was delivered to the Easton base.

A successful concert was held for the to raise money to support the distressed families of Ukraine following the invasion by Russia.

We supported the Aanandit 30 project Nepal, the aim of which is to bring together day care and residential facilities for children and the elderly onto a single site. This followed a visit and presentation byRosemary Boere

The Movie Club, which does not charge an entry fee, but is generously supported by attendees’ donations, provided warm and friendly meetings for many people from the surrounding villages.

V ision for 2023: To be able to react quickly when needs and natural disasters occur to provide as much support with money or materials as is possible.

‘ ' 3.c 3 To support and encourage the Saturday young families group ( Refresh ).

During 2022 the facilities of the Church, (Sound System, Audio Visual equipment, Kitchen etc.) were made available to the group and we supported publicity to attract further attendees. Some of the members of this group have also attended Sunday Services.

V ision for 2023: To continue to provide as much support as the group need in order to flourish.

3.c 4 To restart a Pastoral Care Group

During 2022 the pastoral care group was successfully re sorted and a number of local people are regularly visited and have access to request help or company.

4 The Church Building

4. 1. TAR 2021 buildings plan said - Given we have no separate dedicated church room; plan how to provide a multi-purpose space suitable for meetings and pastoral care .

Achievement: The chancel space had insulating curtains replaced and independent heating controls fitted. Audio-visual wi-fi was improved at the front of the church.

4.2 . 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 running during 2022 and slowly rebuilding their pre-pandemic momentum. Some items of equipment such as DVD Player and screen projector had to be renewed and brought enhanced performance.

4.3 . The church organ required a full maintenance programme after 20 years service and certain obsolete electrical items need replacement. Funding for the replacements was generously provided by the Jack Britton Trust, a faculty was obtained and work by J W Walker Ltd., will commence mid-May 2023.

V ision for 2023: To complete the reparation and upgrading of the church organ

4.4. The 30 years old gas-fired main heating boiler failed and was replaced by twin high efficiency condensing boilers with 10-year warranties and state-of-the-art control systems. The financial case showed this expenditure would be fully recovered in 8 years and the boilers generate much lower carbon dioxide emissions.

4.5 The church clock face was completely restored during the Tower project. This was followed up with an appeal to automate the winding mechanisms on the clock and the accompanying chimes together with automatic regulation of the timing mechanism. Smiths of Derby won the tender and carried out all the works following permission from the Archdeacon. Thanks to all the donors and especial thanks to Rod Williams who has faithfully wound and adjusted the clock for many years. Rod will now keep a ‘watching brief’

4.6 . PCC decided to make permanent the temporary replacement of 2x7ft pews in the South aisle and remove 2 short pews at the rear of the North aisle to house 40 new lightweight wooden stackable ‘Theo’ chairs on 2 purpose-built trolleys .

4.7 The church architect submitted his detailed 5 year survey of the church fabric including recommendations for future repair works needed through to 2028.

4.8 . Disability access is regularly reviewed.

4.9 . Churchyard: Chris Smart is leader of our churchyard team of volunteers. They keep this quiet space in excellent condition through safe mowing and other maintenance.

4.10 Building Projects, Repairs and Maintenance Expenditure

Work Undertaken	2016	2017	2018	2019	2020	2021	2022
	(£)	(£)	(£)	(£)	(£)	(£)	(£)
Minor Repairs and Maintenance	1,258	5,182	917	1,052	1,583	4,460	3,516
Major Repairs and Projects	25,235	7,077	18,064	9,342	483	167,039	37,834

4.11 Buildings plans to complete in 2023

a) Prepare a set of action plans to address the short and medium term urgent repairs needed and consider how these might contribute towards the longer term repairs.
b) Commence work on the most urgent repairs
c) Undertake the major maintenance planned for the organ and replace obsolete electrical items.
d) Monitor the performance of the new church heating equipment and set up optimum energy use programmes
e) Monitor performance of the new audio visual equipment to ensure high reliability and fitness for purpose.

5. Safeguarding

The parish of St Mary’s is committed to safeguarding children, young people and adults at risk. Our Safeguarding Officer is Debbie Harries.

The policies were reviewed in 2022 and are up to date.

Activities

The PCC oversees the following activities for children and adults, The choir, Coffee shop, Refresh, all social events and services.

Safer Recruitment and DBS

The PCC is responsible for the safe recruitment of people wanting to work with people working in these areas.

DBS Checks

As part of the safer recruitment process, volunteers working with vulnerable groups have been DBS checked at the level appropriate to the role.

PCC members are also all eligible for an enhanced DBS check, which have all been completed and up to date.

Training

Safeguarding training at different levels is a requirement for all roles. A number of people have completed courses over the last year online or face to face.

Action Plan

The safeguarding officer has an action plan created by the Parish Dashboard. This is updated regularly.

Progress is reported to the PCC at each PCC meeting.

6. Financial review

Total income in 2022 was £119,668, of which £89,307 was unrestricted. This includes £12,475 as Gift Aid and £1,433 in top-ups under the Gift Aid Small Donations Scheme. Total expenditure was £142,826, of which £93,909 was unrestricted.

Unrestricted general purposes income was £76,015 in 2022, an increase of £5,033 (7%) compared with 2021. This was due largely to increases in income from church activities, which returned to pre-Covid levels. Coffee shop income increased fourfold (to £1,799), Monday Movie income more than doubled (to £2,636), whilst income from parochial fees increased by 68% (to £5,552). As far as regular giving is concerned, in 2022 we lost 8 planned givers and gained 2, resulting in a reduction

of £2,040 (4%) in planned giving by standing order or weekly envelopes. However, this was offset to some extent by an increase of £1,325 (57%) in alms giving.

Unrestricted general purposes expenditure was £78,548 which is very close to the figure for 2021. Whilst there was a reduction of £3,943 in clergy expenses following the retirement of Revd Steve Oram in September 2021, this was matched by increases of £3,000 in Parish Share and £1,064 in utility costs.

Although general purposes expenditure exceeded income in 2022 by £2,533, income was supplemented by £5,000 (an increase of £1,000 on the previous year) transferred from the Friends of St Mary’s. Mainly as a consequence of this, the general purposes fund displayed an in-year surplus of £1,984 in 2022.

As far as the Fabric Fund is concerned, expenditure of £37,834 was incurred in 2022. This covered 3 major projects viz. the completion of the Tower Project (£15,435), the installation of an automated winding device for the Tower Clock (£8,817), and the installation of twin gas heating boilers to provide a more reliable and energy efficient heating system within the church (£13,026). An outstanding retention payment for the Tower Project expected to be of the order of £15,000 is due in 2023. Income of £16,578 was received in 2022, including further instalments of £5,000 from Olveston Church Lands as grants for the Tower Project, and further instalments totalling £9,046 from the Kathleen Hawkins legacy.

Donations totalling £11,008 were made in 2022 to 9 different causes (see Note 3a of Annual Accounts for details).These included £3,297 to the Nebbi Diocese in Uganda, £2,071 to the Aanandit Charity in Nepal, £1,382 to the Salvation Army (Easton), and £2,612 to the DEC Appeal for Ukraine.

Reserves policy

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 2022 the balance of the free reserves was £36,476, which equates to 4 months of general expenditure and is some £14,000 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 2022 there was a balance of £43,778, 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 in recent years and that money from the Vision Fund could be used by PCC to cover the shortfall of £14,000 in free reserves should the need arise. A major focus for 2023 is on continuing the recovery of 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 31 December 2022 there was a balance of £126,549, of which up to £15,000 is committed to the retention payment for the Tower Restoration Project (see Note 12 of 2021 Annual Accounts) and £26,000 to an overhaul of

the church organ. This leaves some £85,000 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 2022 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 a range of alternative methods of giving (e.g. by standing order, donations using online banking, online giving page, contactless payment device);

· 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 £36,476 and designated reserves that can be drawn down if necessary of £52,844.
Income (including Gift Aid) from planned giving accounts for 62% of our total income. We are confident that the vast majority of this income will continue to be received as 92% 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.

7 . 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.

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 2022,, we were especially grateful that once again they donated £5,000 into Church funds, as well funding the Christmas tree for the church. FOSM also made and supplied wooden boxes to hold welcome card, donation envelopes for Gift Aid and pens. These were installed on each row of 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.

7. Benefice report 2022 and looking forward to 2023 Thanking God for 2022

It has been a real joy to see people slowly returning to worship a4er Covid, which has given us great confidence that by this ;me next year our churches will be back to their pre-Covid numbers. Particularly encouraging has been attendance at church coffee mornings, the slow rise in number of baptism and wedding enquiries and the successful restart of services aimed at young people and families – Refresh in Olveston with Natasha Harrod and Messy Church in Alveston. My thanks must go particularly to the Ministry team: Ann Lloyd, Janet McBride, David Bone at Olveston, Tracey Black at Littleton/ Alveston, Trevor Cook at Aust and Judith Heybyrne at Elberton – all of whom have been an amazing support to me.

The loss of Steve Oram, Paul Harrod’s call to ordination and the vacancy in South Severnside stretched our small ministry team almost to breaking point. It was a real answer to prayer when the Revd. Sue PhillipsonMasters joined us at St. Helen’s and the Revd. Fran Brearly volunteered to join us briefly at St. Mary’s. It was

obvious to all our PCCs that, with such a small and non-stipendiary team, mission – especially to young families and children - was impossible. A4er long and lengthy discussions with the Archdeacon it was recognised that mission could not be supported locally with the current Parish Share commitment. Therefore, the decision was taken by the PCCs to retain some of the Parish Share to appoint a part-;me Parish Administrator and a Growing Faith Chaplain. In July we welcomed Veronica Brown to our team, and we very much hope to appoint a Chaplain in 2023.

Music is an important part of worship in all our churches. It has been great to welcome Paul Bailey as organist to the team at St. Helen’s and to see new singing groups start at St. Helen’s and at St. Mary’s, Littleton. Dr. David Shaw, Director of Music at St. Mary’s, Olveston, celebrated his 80[th ] birthday recently and the Choir continues to flourish. This interest in music has also given new energy to fund-raising for the organ restorations at both Olveston and Alveston.

Being a greener church has also been a feature of our worship and this has resulted in a more creative, environmentally friendly use of our graveyards and improvements to the heating systems at both Olveston and Alveston. Not everything has gone according to plan, and the vision to bring a water supply into Elberton Church has stumbled because Bristol Diocese and British Blue Plastics cannot see the reasons or regulation as to why the local water board is refusing to connect the church’s water main to the water supply.

This has been a year almost without Covid, apart from me of course who was in isolation over Easter. I believe Covid has taught us some lessons about health and hygiene and for this reason I am not in a rush to return to the common Chalice at Communion and would still advise those celebrating Communion to sanitise their hands. I do think the Church of England needs to make some decisions about using multiple cups for wine. Regarding the Peace, many have said to me that they prefer a good wave at the Peace, rather than a handshake or a hug. I am happy with either practice.

Looking ahead to 2023

New K ing

The celebration of the Platinum Jubilee on 2nd-5th June brought much joy. It seemed to mark the end of the pandemic and the beginning of something new. Sadly, later in the year we met again as churches on September 18th to remember Queen Elizabeth 11 and a life well lived. We look forward to the start of a new era with the Coronation of Charles 111 on May 6th 2023

New Diocesan Vision

In 2022 representatives of the Diocese came to look at our church monuments and to investigate any past involvement of the Benefice churches in the Slave Trade. As a Benefice we also looked at the Living in Love and Faith report (LLF) and invited the Dean to preach on the subject at St. Mary’s, Olveston. Her sermon was well received.

In our parishes this year we will explore and unpack the new Diocesan Vision- Humanity Reconciled, Creation Restored..........follow Jesus, to serve others, and to transform communities – along with the values they hope we will put into practice in our ministry – Openness, Generosity, Creativity and Bravery.

Benefice schools

The links between the churches and our Church of England primary schools is very important to us and I really value the work of those who support the schools as governors, friends, and through Open the Book and Prayer Spaces.

A lot of time in 2022 was spent looking at the Government white paper on the future of schools and in the light of this report, and at the ;me of its publication, Olveston School was looking to form a Federation with Oldbury School, and St. Helen’s with St. Mary’s Yate. The resignation of the Executive Head, Andy Spens, at St. Helen’s and the retirement of the Headteacher Amanda Luke at St. Mary’s made these discussions more urgent.

At St. Helen’s 2023 began with moving towards the planned Federation with the appointment of a new Executive Head Teacher who takes up her post on May 1 .

At Olveston School the priority has been focused on appointing a new Head teacher with the possibility of entering a MAT (multi-academy trust) with other local schools rather than federating with Oldbury School.

Finally

We have been saddened by the deaths of several loyal members of our congregations and miss others who have had to move into local care homes because of increasing need.

Rev David Moss (Vicar)

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:

Role on PCC	Name	Date of Election
Priest in Charge	Rev David Moss	2nd November 2017
Wardens
Churchwarden	Mrs Debbie Harries	24th May 2022
Churchwarden	Mrs Sue Farr	24th May 2022
Deanery Synod
Deanery Synod Rep	Mrs Sue Farr	24th May 2022
Deanery Synod Rep	Mr Martin Gibson	24th May 2022
Elected Members
PCC Treasurer	Dr David Prothero	4th October 2020
PCC Secretary	Mr Bernard Amos	24th May 2022

PCC representative	Dr Michael Wright	4th October 2020
PCC representative	Mrs Stephanie Fairhead	4th October 2020
PCC representative	Dr David Shaw	4th October 2020
PCC Representative	Mr Phil Savage	4th October 2020
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 Lady Helen Webb
	Rev David Bone

Approved by the PCC on 28 May 2023 and signed on their behalf by the Reverend David Moss (PCC Chairman)

Appendix 1 2022 Deanery Synod report (next page)

Diocese of Bristol l Bristol West Deanery

Bristol West Deanery Synod Annual Report 2022

Introduction

Following two years of continuing disruption and unforeseen changes within our local communities, across society and experienced on a global platform due to the Covid Pandemic it was with increasing relief that some aspects of life were returning.

All parishes reported significant impact over the last two years in terms of decreased income, attendance, volunteering; and also increased caution and anxiety.

Three Deanery Synods took place in 2022 and the key themes were:

The Environment and Net-Zero Carbon Proposal
Up-Date in the Strategy -Transforming Church. Together
Responses to the Cost of Living and Energy Crisis

Deanery Synods in 2022

March Deanery Synod: Net-Zero Carbon Proposal

Deanery Synod on 10 March 2022 focused upon shaping a motion to bring to Diocesan Synod to give the previously agreed Climate Emergency recognition a greater sense of urgency.

The Meeting was held in person at St Mary’s Almondsbury.

The Main Theme:

Agreement of the Net-Zero Motion to take to Diocesan Synod: Rev Dr Andy Murray to move:

that this Synod recognises the need to take urgent and immediate action at a parish, diocese and national church level, in order to achieve the Church of England’s NetZero Carbon targets by 2030. We affirm the national church and diocesan work currently underway regarding these targets. In addition, we commend the proposals outlined in the ‘Bristol West Deanery NetZero Carbon (March 2022)’ paper and we therefore call upon the Diocese of Bristol to formally consider the proposals and recommendations contained within the above paper with a view to identifying a programme of support targeted at parish level.

This Net-Zero Motion was proposed, by the Rev Dr Andy Murray, and unanimously carried and accepted at Diocesan Synod on 11 June 2022.

The meeting was also attended by Clare Fussell, Diocesan Environmental Director, who provided a variety of practical actions and links to available resources for both parish and school.

The Uganda Link

The essential platform for this is ‘building relationships of wholeness across culture with Christ at the center’. In short this is about ‘relationship’; between Christians, across cultures, over geography and with, sometimes, differing views of this world. It is about learning from each other and providing mutual support. The Uganda Link is a feature of every Synod and the working life of our parishes in the Deanery. Two key thoughts at this time:

¬ The impact of the pandemic has been serious and challenging within the UK; in Uganda and many other parts of the world it is disastrous.

¬ Additional impacts of the virus have been loss of education opportunity for young women (due to an increase in pregnancies) and an increase in domestic violence.

May Deanery Synod: Transforming Church. Together

Deanery Synod on 19 May 2022 focused upon how we, as a Deanery, continue to shape the developing Diocesan Strategy to deliver across the Diocese.

The Meeting was held in person at St Andrew’s Avonmouth.

The Main Theme: Transforming Church. Together

The Ven Neil Warwick, Archdeacon of Bristol, introduced this update on the development of the diocesan strategy. Archdeacon Neil began by asking members of Synod to share in small groups the best thing that had happened in church in the last week.

Archdeacon Neil said that, in developing the strategy, the Diocese has been keen to listen to less-heard groups, such as minorities and the disabled. A draft of the strategy was presented to Diocesan Synod in March; the strategy was developed further in response to feedback; and a bold bid for funds would shortly be submitted to the national church. Key parts of the strategy include the following:

Investing in people – sustaining the same level of stipendiary ministry as at present.

Investing in people’s wellbeing – especially the wellbeing of stipendiary clergy.

Investing in volunteers – enabling all to serve as well as they can.

While the church is still present in every community, we are not representative: we need more under-18s and minorities, and people are critical of the church’s treatment of women, the Windrush generation and LGBTQI+ people. A key objective of the strategy is to ensure that everything we do is sustainable. Uganda Up-Date

Ali Rowe (St Mary’s Almondsbury) reported that a group of about 13 people from the Deanery plan to visit Uganda from 14 to 31 October 2022. Others will be welcome to join the group. Ali was about to move to Kingswood and South Gloucestershire Deanery, and she thanked members of Synod for their support and hospitality: being the Deanery Uganda Representative has been a real joy, she said. The Revd Janet Lee (Christ Church Clifton) thanked Ali for her leadership of the Uganda link. Janet updated Synod on a Deanery project to support girl children who have become pregnant during the coronavirus pandemic.

October Deanery Synod: Cost of Living and Energy Crisis

Deanery Synod on 5 October 2022 focused upon the impacts of the current cost of living and the energy crisis.

The Meeting was held in person at St Peter’s Henleaze.

The Main Theme: The Cost of Living and Energy Crisis

The Rev Chris Dobson was welcomed as the facilitator for the evening’s discussion. Chris highlighted recent decisions by the Government led by Prime Minister Liz Truss and Chancellor Kwasi Kwarteng that benefitted the rich and had a negative impact on the poorer and more vulnerable members of our society.

He invited the Synod to explore and discuss three questions:

How might our churches respond to the cost of living and energy crisis?
What are the challenges for us as we make our response?

The wide range of suggestions and Responses from Synod members were outlined and circulated throughout the Deanery and within the Diocese. They are attached to the minutes that were circulated following this Synod.

Uganda Report

Rev Janet Hill updated Synod on the Deanery trip to our link Dioceses in N Uganda which would take place at the end of October. Synod members participating in the trip joined Janet in outlining what the trip would include and prayer cards were distributed to Synod members for use before and during the trip.

St Mary the Virgin, Olveston, with Aust

Annual Accounts 2022

1. Introduction

The purpose of this report is to present, for PCC approval, the Annual Accounts for 2022 for St Mary the Virgin Olveston with Aust.

2. Annual Accounts 2022

2.1. Basis of Preparation

The Annual Accounts for 2022 for St Mary the Virgin Olveston with Aust are presented in Appendix 1.

The accounts have been prepared on an accruals basis, 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 accounts for St John’s, Aust have been included in order to meet the Diocesan requirement to produce an integrated set of accounts for Olveston with Aust. The Aust accounts were approved by Aust DCC at its meeting on 21st February 2023.

Although PCC is required to approve the integrated set of accounts, it is recognised that PCC members will be more familiar with the Olveston accounts, and as a consequence a separate set of accounts for Olveston alone is provided in Appendix 2, for information only.

The accounts comprise the following:

A Balance Sheet (page 1) showing the assets, liabilities and funds
A Statement of Financial Activities (SOFA) (page 2) for the year showing a broad breakdown of all income received and all expenditure incurred
Supplementary notes explaining the accounting policies adopted (Note 1) and more detailed breakdowns (Notes 2 – 13) of the information contained in the accounting statements referred to above.

2.2. Independent Examination

An initial meeting with the Independent Examiner took place on Wednesday 22nd February 2023 to review the draft annual accounts for 2022.

The meeting focused on the accounting methodology used, and the presentation and interpretation the information included within the accounts. It did not involve a detailed scrutiny of the accounts. This will be undertaken following approval of the accounts by PCC.

The Independent Examiner was generally happy with the accounting methodology adopted, the way the accounts were presented and the level of detail provided in the supporting notes.

We also agreed the specific information required to be made available to the Independent Examiner for the detailed scrutiny of the accounts.

Finally, she advised that PCC should be asked to approve the accounts for detailed scrutiny, with the proviso that should any minor issues be identified, the Chair of Finance and Buildings should be authorised to approve the changes.

2.3. Trustees’ Annual Report 2022

In accordance with the requirements of the Church of England and the Charity Commission, St Mary’s PCC must produce a Trustees’ Annual Report for 2022. Several

sections of this report relate to financial issues and drafts of these are presented in Appendix 3, including the ‘Financial Review’ which provides a commentary on St Mary’s financial position for 2022.

3. Recommendation

PCC is requested to:

Approve the 2022 accounts for St Mary the Virgin Olveston with Aust (Appendix 1), for scrutiny and sign-off by the Independent Examiner, prior to their presentation at the Annual Parochial Church Meeting on 28th May 2023.

David Prothero, 7th March 2023

Treasurer, St Mary the Virgin Olveston, with Aust

Appendix 1

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397

BALANCE SHEET as at 31 DECEMBER 2022

Note FIXED ASSETS Investment Assets (Endowment) 4 CURRENT ASSETS Debtors 6 Short Term Deposits 8 Cash at Bank 9 CURRENT LIABILITIES Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL NET ASSETS FUNDS Unrestricted 5 Restricted 5 Endowment 5	2022 £ 93,387 93,387 11,214 204,407 39,311 254,933 4,969 249,964 343,351 102,676 147,287 93,387 343,351		2021 £ 105,847
			105,847
			19,902 202,252 59,501
			281,655
			4,959 276,696
			382,543
			109,493 167,202 105,847
			382,543

Approved by the Parochial Church Council on the 5th day of April 2023 and signed on its behalf by Revd David Moss (PCC Chair).

…………………………………………………. ……………………………

The notes on pages 3 to 10 form part of these accounts

Page 1

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON with AUST Registered Charity Number: 1134397

STATEMENT of FINANCIAL ACTIVITIES as at 31 DECEMBER 2022

Unrestricted Restricted Endowment TOTAL FUNDS Funds Funds Funds 2022 2021 £ £ £ £ £ INCOMING RESOURCES Note Voluntary Income - Regular Giving 2a 61,970 2,697 0 64,666 65,971 Voluntary Income - Donations 2b 2,815 12,911 0 15,727 118,897 Income from Church Activities 2c 11,130 0 0 11,130 6,585 Gross Income from Events & Activities 2d 15,106 2,941 0 18,047 16,473 Legacies etc 2e 1,799 9,046 0 10,845 8,303 Income from Investments 2f 1,339 1,326 2,777 5,443 2,870 TOTAL INCOMING RESOURCES 94,158 28,921 2,777 125,857 219,099 RESOURCES USED Charitable Giving - from service collections 3a 0 2,053 0 2,053 1,783 Charitable Giving - donations 3a 175 8,955 0 9,130 8,253 Ministry 3b1 53,540 0 0 53,540 54,293 Church Running Expenses 3b2 30,356 360 0 30,716 30,953 Church Admin 3c 2,466 0 0 2,466 2,289 Other Expenditure 3d3 16,509 37,934 0 54,443 174,910 TOTAL RESOURCES USED 103,046 49,302 0 152,348 272,481 NET INCOMING RESOURCES BEFORE TRANSFERS -8,888 -20,380 2,777 -26,491 -53,382 TRANSFERS BETWEEN FUNDS 2,312 465 -2,777 0 0 GAINS & LOSSES on INVESTMENTS (Unrealised) M&G Charibond Units -241 -241 -81 CBF Investment Fund Shares -12,460 -12,460 13,247 NET MOVEMENT in FUNDS -6,817 -19,915 -12,460 -39,192 -40,216 BALANCES BROUGHT FORWARD AT 1 January 2022 (2021) 109,493 167,202 105,847 382,543 422,759 BALANCES CARRIED FORWARD AT 31 DECEMBER 2022 (2021) 102,676 147,287 93,387 343,351 382,543	Unrestricted Restricted Endowment TOTAL FUNDS Funds Funds Funds 2022 2021 £ £ £ £ £ INCOMING RESOURCES Note Voluntary Income - Regular Giving 2a 61,970 2,697 0 64,666 65,971 Voluntary Income - Donations 2b 2,815 12,911 0 15,727 118,897 Income from Church Activities 2c 11,130 0 0 11,130 6,585 Gross Income from Events & Activities 2d 15,106 2,941 0 18,047 16,473 Legacies etc 2e 1,799 9,046 0 10,845 8,303 Income from Investments 2f 1,339 1,326 2,777 5,443 2,870 TOTAL INCOMING RESOURCES 94,158 28,921 2,777 125,857 219,099 RESOURCES USED Charitable Giving - from service collections 3a 0 2,053 0 2,053 1,783 Charitable Giving - donations 3a 175 8,955 0 9,130 8,253 Ministry 3b1 53,540 0 0 53,540 54,293 Church Running Expenses 3b2 30,356 360 0 30,716 30,953 Church Admin 3c 2,466 0 0 2,466 2,289 Other Expenditure 3d3 16,509 37,934 0 54,443 174,910 TOTAL RESOURCES USED 103,046 49,302 0 152,348 272,481 NET INCOMING RESOURCES BEFORE TRANSFERS -8,888 -20,380 2,777 -26,491 -53,382 TRANSFERS BETWEEN FUNDS 2,312 465 -2,777 0 0 GAINS & LOSSES on INVESTMENTS (Unrealised) M&G Charibond Units -241 -241 -81 CBF Investment Fund Shares -12,460 -12,460 13,247 NET MOVEMENT in FUNDS -6,817 -19,915 -12,460 -39,192 -40,216 BALANCES BROUGHT FORWARD AT 1 January 2022 (2021) 109,493 167,202 105,847 382,543 422,759 BALANCES CARRIED FORWARD AT 31 DECEMBER 2022 (2021) 102,676 147,287 93,387 343,351 382,543	Unrestricted Restricted Endowment TOTAL FUNDS Funds Funds Funds 2022 2021 £ £ £ £ £ INCOMING RESOURCES Note Voluntary Income - Regular Giving 2a 61,970 2,697 0 64,666 65,971 Voluntary Income - Donations 2b 2,815 12,911 0 15,727 118,897 Income from Church Activities 2c 11,130 0 0 11,130 6,585 Gross Income from Events & Activities 2d 15,106 2,941 0 18,047 16,473 Legacies etc 2e 1,799 9,046 0 10,845 8,303 Income from Investments 2f 1,339 1,326 2,777 5,443 2,870 TOTAL INCOMING RESOURCES 94,158 28,921 2,777 125,857 219,099 RESOURCES USED Charitable Giving - from service collections 3a 0 2,053 0 2,053 1,783 Charitable Giving - donations 3a 175 8,955 0 9,130 8,253 Ministry 3b1 53,540 0 0 53,540 54,293 Church Running Expenses 3b2 30,356 360 0 30,716 30,953 Church Admin 3c 2,466 0 0 2,466 2,289 Other Expenditure 3d3 16,509 37,934 0 54,443 174,910 TOTAL RESOURCES USED 103,046 49,302 0 152,348 272,481 NET INCOMING RESOURCES BEFORE TRANSFERS -8,888 -20,380 2,777 -26,491 -53,382 TRANSFERS BETWEEN FUNDS 2,312 465 -2,777 0 0 GAINS & LOSSES on INVESTMENTS (Unrealised) M&G Charibond Units -241 -241 -81 CBF Investment Fund Shares -12,460 -12,460 13,247 NET MOVEMENT in FUNDS -6,817 -19,915 -12,460 -39,192 -40,216 BALANCES BROUGHT FORWARD AT 1 January 2022 (2021) 109,493 167,202 105,847 382,543 422,759 BALANCES CARRIED FORWARD AT 31 DECEMBER 2022 (2021) 102,676 147,287 93,387 343,351 382,543
	Funds Funds Funds 2022 £ £ £ £ 61,970 2,697 0 64,666 2,815 12,911 0 15,727 11,130 0 0 11,130 15,106 2,941 0 18,047 1,799 9,046 0 10,845 1,339 1,326 2,777 5,443	2021 £ 65,971 118,897 6,585 16,473 8,303 2,870
	94,158 28,921 2,777 125,857	219,099
	0 2,053 0 2,053 175 8,955 0 9,130 53,540 0 0 53,540 30,356 360 0 30,716 2,466 0 0 2,466 16,509 37,934 0 54,443	1,783 8,253 54,293 30,953 2,289 174,910
	103,046 49,302 0 152,348	272,481
	-8,888 -20,380 2,777 -26,491 2,312 465 -2,777 0 -241 -241 -12,460 -12,460	-53,382 0 -81 13,247
	-6,817 -19,915 -12,460 -39,192	-40,216
	109,493 167,202 105,847 382,543	422,759
	102,676 147,287 93,387 343,351	382,543

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 2022

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 £49,833 (£36,476 – St Mary’s Olveston, £13,357 – St John’s Aust) and unresricted designated reserves that can be drawn down if necessary of £52,844. 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 2022

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 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 - tax recoveries Fundraising - Fabric tax recoveries Fundraising - SCDS top up Fundraising - Fabric SCDS top-up 2e Legacies etc Legacies Defibrilator Maintenance (Aust) Miscellaneous 2f Income from Investments CBF CoE FWT Inc A/c (1001D) (Olveston) CBF CoE Inv Fund Shares (1170S) (Olveston CAF Bank Current Account (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 2022 £ £ £ £ 42,812 635 43,447 10,706 159 10,865 3,439 115 3,554 3,940 1,450 5,390 983 338 1,321 89 0 89	2021 £ 46,453 11,615 3,389 3,333 1,045 135
	61,970 2,697 0 64,666	65,971
	2,643 4,949 7,592 6,230 6,230 0 440 440 0 173 1,065 1,238 227 227	2,887 98,729 5,000 440 2,000 462 9,379
	2,815 12,911 0 15,727	118,897
	850 850 1,799 1,799 2,282 2,282 206 206 148 148 5,845 5,845	375 422 888 96 56 4,747
	11,130 0 0 11,130	6,585
	10,402 10,402 4,704 2,425 7,129 0 475 475 0 41 41 0	10,219 5,863 282 4 5 35 66
	15,106 2,941 0 18,047	16,473
	1,000 9,046 10,046 390 409 409	4,703 0 3,600
	1,799 9,046 0 10,455	8,303
	1,150 1,072 2,222 ) 2,777 2,777 5 5 41 41 143 255 397	122 2,686 0 47 15
	1,339 1,326 2,777 5,443	2,870

	94,158 28,921 2,777 125,857	219,099

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 2022

3 RESOURCES USED Unrestricted Restricted Endowment Funds Funds Funds 2022 2021 £ £ £ £ £ 3a Charitable Grants and Donations (details next page) Service Collections 2,053 2,053 1,783 Donations - Sow and Grow 0 5,500 Donations 175 8,955 9,130 2,753 175 11,008 0 11,183 10,036 3b1 Ministry Clergy expenses - parochial 1,700 1,700 5,543 Parish Share 51,840 51,840 48,750 53,540 0 0 53,540 54,293 3b2 Church Running Exp Altar Supplies 119 119 228 Bank Charges (Olveston) 83 83 112 Bibles (Olveston) 32 32 147 Choir (Olveston) 1,250 1,250 110 Churchyard 3,298 3,298 4,382 Cleaning (Aust) 650 650 499 Clock (Aust) 186 186 186 Flowers (Olveston) 200 200 110 Insurance 5,706 5,706 5,473 Miscellaneous 1,443 1,443 3,209 Organist (Olveston) 3,886 3,886 2,267 Organ Maintenance (Aust) 0 360 360 180 Repairs and Maintenance 3,516 3,516 4,665 Utilities 6,659 6,659 6,058 Sacristan (Olveston) 3,327 3,327 3,327 30,356 360 0 30,716 30,953 3c Church Admin External printing 514 514 797 Photocopier 814 814 888 Print and Stat consumables 129 129 71 Salary & exp - administrator 472 472 0 Telephone and Broadband 537 537 533 2,466 0 0 2,466 2,289 3d3 Other Expenditure Bookstall (Olveston) 211 211 203 Church Fabric (Olveston) 37,834 37,834 167,039 Coffee Shop 96 96 0 Event costs (non Fund R) 249 249 115 Fund Raising costs (Unrest) 536 536 660 Shine Choir 0 253 Restricted event payments 75 75 50 FOSM (Olveston) 8,090 8,090 5,052 Lent (Olveston) 36 36 395 Monday Movies (Olveston) 418 418 115 New Equipment (Olveston) 6,021 6,021 338 Defibrilator Maintenance (Aust) 0 62 Subs and Donations 853 25 878 628 16,509 37,934 0 54,443 174,910 TOTAL RESOURCES USED 103,046 49,302 0 152,348 272,481 TOTAL FUNDS	3 RESOURCES USED Unrestricted Restricted Endowment Funds Funds Funds 2022 2021 £ £ £ £ £ 3a Charitable Grants and Donations (details next page) Service Collections 2,053 2,053 1,783 Donations - Sow and Grow 0 5,500 Donations 175 8,955 9,130 2,753 175 11,008 0 11,183 10,036 3b1 Ministry Clergy expenses - parochial 1,700 1,700 5,543 Parish Share 51,840 51,840 48,750 53,540 0 0 53,540 54,293 3b2 Church Running Exp Altar Supplies 119 119 228 Bank Charges (Olveston) 83 83 112 Bibles (Olveston) 32 32 147 Choir (Olveston) 1,250 1,250 110 Churchyard 3,298 3,298 4,382 Cleaning (Aust) 650 650 499 Clock (Aust) 186 186 186 Flowers (Olveston) 200 200 110 Insurance 5,706 5,706 5,473 Miscellaneous 1,443 1,443 3,209 Organist (Olveston) 3,886 3,886 2,267 Organ Maintenance (Aust) 0 360 360 180 Repairs and Maintenance 3,516 3,516 4,665 Utilities 6,659 6,659 6,058 Sacristan (Olveston) 3,327 3,327 3,327 30,356 360 0 30,716 30,953 3c Church Admin External printing 514 514 797 Photocopier 814 814 888 Print and Stat consumables 129 129 71 Salary & exp - administrator 472 472 0 Telephone and Broadband 537 537 533 2,466 0 0 2,466 2,289 3d3 Other Expenditure Bookstall (Olveston) 211 211 203 Church Fabric (Olveston) 37,834 37,834 167,039 Coffee Shop 96 96 0 Event costs (non Fund R) 249 249 115 Fund Raising costs (Unrest) 536 536 660 Shine Choir 0 253 Restricted event payments 75 75 50 FOSM (Olveston) 8,090 8,090 5,052 Lent (Olveston) 36 36 395 Monday Movies (Olveston) 418 418 115 New Equipment (Olveston) 6,021 6,021 338 Defibrilator Maintenance (Aust) 0 62 Subs and Donations 853 25 878 628 16,509 37,934 0 54,443 174,910 TOTAL RESOURCES USED 103,046 49,302 0 152,348 272,481 TOTAL FUNDS	3 RESOURCES USED Unrestricted Restricted Endowment Funds Funds Funds 2022 2021 £ £ £ £ £ 3a Charitable Grants and Donations (details next page) Service Collections 2,053 2,053 1,783 Donations - Sow and Grow 0 5,500 Donations 175 8,955 9,130 2,753 175 11,008 0 11,183 10,036 3b1 Ministry Clergy expenses - parochial 1,700 1,700 5,543 Parish Share 51,840 51,840 48,750 53,540 0 0 53,540 54,293 3b2 Church Running Exp Altar Supplies 119 119 228 Bank Charges (Olveston) 83 83 112 Bibles (Olveston) 32 32 147 Choir (Olveston) 1,250 1,250 110 Churchyard 3,298 3,298 4,382 Cleaning (Aust) 650 650 499 Clock (Aust) 186 186 186 Flowers (Olveston) 200 200 110 Insurance 5,706 5,706 5,473 Miscellaneous 1,443 1,443 3,209 Organist (Olveston) 3,886 3,886 2,267 Organ Maintenance (Aust) 0 360 360 180 Repairs and Maintenance 3,516 3,516 4,665 Utilities 6,659 6,659 6,058 Sacristan (Olveston) 3,327 3,327 3,327 30,356 360 0 30,716 30,953 3c Church Admin External printing 514 514 797 Photocopier 814 814 888 Print and Stat consumables 129 129 71 Salary & exp - administrator 472 472 0 Telephone and Broadband 537 537 533 2,466 0 0 2,466 2,289 3d3 Other Expenditure Bookstall (Olveston) 211 211 203 Church Fabric (Olveston) 37,834 37,834 167,039 Coffee Shop 96 96 0 Event costs (non Fund R) 249 249 115 Fund Raising costs (Unrest) 536 536 660 Shine Choir 0 253 Restricted event payments 75 75 50 FOSM (Olveston) 8,090 8,090 5,052 Lent (Olveston) 36 36 395 Monday Movies (Olveston) 418 418 115 New Equipment (Olveston) 6,021 6,021 338 Defibrilator Maintenance (Aust) 0 62 Subs and Donations 853 25 878 628 16,509 37,934 0 54,443 174,910 TOTAL RESOURCES USED 103,046 49,302 0 152,348 272,481 TOTAL FUNDS
	Funds Funds Funds 2022 £ £ £ £ ations (details next page) 2,053 2,053 0 175 8,955 9,130	2021 £ 1,783 5,500 2,753
	175 11,008 0 11,183	10,036
	1,700 1,700 51,840 51,840	5,543 48,750
	53,540 0 0 53,540	54,293
	119 119 83 83 32 32 1,250 1,250 3,298 3,298 650 650 186 186 200 200 5,706 5,706 1,443 1,443 3,886 3,886 0 360 360 3,516 3,516 6,659 6,659 3,327 3,327	228 112 147 110 4,382 499 186 110 5,473 3,209 2,267 180 4,665 6,058 3,327
	30,356 360 0 30,716	30,953
	514 514 814 814 129 129 472 472 537 537	797 888 71 0 533
	2,466 0 0 2,466	2,289
	211 211 37,834 37,834 96 96 249 249 536 536 0 75 75 8,090 8,090 36 36 418 418 6,021 6,021 t) 0 853 25 878	203 167,039 0 115 660 253 50 5,052 395 115 338 62 628
	16,509 37,934 0 54,443	174,910

	103,046 49,302 0 152,348	272,481

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 2022

3 RESOURCES USED 3a Charitable Grants and Donations St Mary's, Olveston Children's Society - Christingle Diabetes Research and Wellness Nebbi Appeal Nepal - Aanandit Charity Olveston School - cases of hardship Royal British Legion (Poppy Appeal) Salvation Army (Easton) Salvation Army (Easton) - Choir Collection Thornbury Foodbank Ukraine Appeal A Rocha UK ARK Playbus Barnabas Fund Christian Aid Week (Benefice Collection) NSPCC Olveston School - Reflective Space Area Olveston & Tockington Methodist Church One25 Ltd Refugee Action St John's, Aust Royal British Legion Ukraine Appeal Aust Village Hall Committee Total	Unrestricted Funds Restricted Funds TOTAL	Unrestricted Funds Restricted Funds TOTAL
	Service Collections Donations 2022 £ £ £ £ 487 487 303 303 3,297 3,297 2,071 2,071 125 125 617 617 949 356 1,304 78 78 113 113 2,612 2,612 0 0 0 0 0 0 0 0 0	2021 £ 172 0 0 0 0 512 490 65 0 0 50 40 140 761 93 5,500 50 1,000 589
	0 2,053 8,955 11,008	9,461

	75 75 100	75 0 500
	175 0 0 75	575

	175 2,053 8,955 11,083	10,036

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 2022

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 38,538 14,046 43,778 2,063 450 6,723 Current Liabilities -2,062 -689 0 0 0 -169 Fund Balance 36,475 13,357 43,778 2,063 450 6,553	Restricted Funds	Restricted Funds
	Olveston	Aust
	Fabric Out Giv'g Sev'nside Churches	Facilities Music Roof Graveyar d
	£ £ £	£ £ £ £
	0 0 0 126,549 2,206 1,533 0 -1,869 0	0 0 0 0 11,670 4,329 1,740 1,310 0 -180 0 0
	126,549 336 1,533	11,670 4,149 1,740 1,310

Designated Funds (All St Mary's)

Vision Fund

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.

Choir Fund: This fund was established to provide funds to meet costs incurred by St Mary's Church Choir. Summer Ball: This fund was established to support fundraising by the Summer Ball organising committee. Friends of St Mary's: This fund was established in 1994 to support fundraising by the Friends of St Mary's.

Restricted Funds

St Mary's

Fabric Fund: This fund was established in 2011 to provide funds for St Mary's Church fabric projects. Outward Giving: 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. Severnside Churches 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. Youth Fund:

St John's

Facilities Fund:

Music Fund:

This fund supports the provision of essential facilities which are currently lacking within the church. The initial priorities are the provision of glazing within the tower to prevent heat loss, together with toilet and kitchen facilities. 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.

Roof Fund: 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. Graveyard Fund: 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 2022

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 2022 £ £ £ £ 2,377 206 0 2,584 880 379 0 1,259 1,351 0 0 1,351 325 4,369 0 4,693 177 1,151 0 1,328	2021 £ 2,780 1,129 3,985 11,169 838
	5,110 6,105 0 11,214	19,902
	2,920 2,049 0 4,969	4,959
	2,920 2,049 0 4,969	4,959
	67,380 104,735 0 172,115 2,033 0 0 2,033 11,333 18,926 0 30,260	167,116 2,274 32,862
	80,746 123,661 0 204,407	202,252
	4,926 18,631 0 23,558 3,602 923 0 4,525 1,977 17 0 1,994 2,063 0 0 2,063 450 0 0 450 6,723 0 0 6,723	31,155 12,648 3,544 2,463 450 9,241
	19,740 19,571 0 39,311	59,501

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 2022

10 RECONCILIATION OF MOVEMENT IN FUNDS

			Unrestricted Funds	Unrestricted Funds					Restricted Funds	Restricted Funds	Restricted Funds			Endow't	TOTAL	FUNDS
	General	Purposes		Designated	(Olveston)			Olveston			Aust			Funds	2022	2021
	Olveston	Aust	Vision	Choir	Summer	FOSM	Fabric	Out Giv'g	Sev'nside	Facilities	Music	Roof	Graveyar
			Fund		Ball				Churches				d
	£	£	£	£	£	£	£	£	£	£	£	£	£	£	£	£

BALANCES BROUGHT FORWARD AT	34,492	15,089	47,758	2,463	450	9,241	144,789	411	1,533	11,518	4,451	1,743	2,758	105,847	382,543	422,759
1 JANUARY 2022 (2021)
INCOME	76,015	4,851	2,041	850	0	10,402	16,575	11,008	0	151	58	23	1,106	2,777	125,857	219,099
EXPENDITURE	78,548	9,136	6,021	1,250	0	8,090	37,834	11,083	0	0	360	25	0	0	152,348	272,481
GAINS & LOSSES on INVESTMENTS
(Unrealised)	-241	0	0	0	0	0	0	0	0	0	0	0	0	-12,460	-12,701	13,166
TRANSFERS BETWEEN FUNDS	4,758	2,554	0	0	0	-5,000	3,019	0	0	0	0	0	-2,554	-2,777	0	0
BALANCES CARRIED FORWARD
AT 31 DECEMBER 2022 (2021)	36,476	13,357	43,778	2,063	450	6,553	126,549	336	1,533	11,670	4,149	1,740	1,310	93,387	343,351	382,543

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 2022

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 has been included within the 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 2022. There is an outstanding commitment relating to a retention payment of up to £15,000 (for which funding is available). This will be included within the accounts for 2023.

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 maintenance of the Aust Village defibrillator. At the 31st December 2022 the balances were £149 and £478 respectively. For simplfication of presentation these balances are included in the church's unrestricted fund balance within the accounts.

Page 10

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON

Appendix 2

BALANCE SHEET as at 31 DECEMBER 2022

Note FIXED ASSETS Investment Assets (Endowment) 4 CURRENT ASSETS Debtors 6 Short Term Deposits 8 Cash at Bank 9 CURRENT LIABILITIES Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL NET ASSETS FUNDS Unrestricted 5 Restricted 5 Endowment 5	2022 £ 93,387 93,387 10,373 174,148 37,318 221,838 4,101 217,737 311,125 89,319 128,418 93,387 311,125		2021 £ 105,847
			105,847
			18,964 169,390 55,957
			244,311
			3,174 241,137
			346,985
			94,404 146,733 105,847
			346,985

Approved by the Parochial Church Council on the 5th day of April 2023 and signed on its behalf by Revd David Moss (PCC Chair).

…………………………………………………. ……………………………

The notes on pages 3 to 10 form part of these accounts

Page 1

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON

STATEMENT of FINANCIAL ACTIVITIES as at 31 DECEMBER 2022

Unrestricted Restricted Endowment TOTAL FUNDS Funds Funds Funds 2022 2021 £ £ £ £ £ INCOMING RESOURCES Note Voluntary Income - Regular Giving 2a 59,457 2,053 0 61,510 62,753 Voluntary Income - Donations 2b 2,369 12,471 0 14,841 113,382 Income from Church Activities 2c 10,837 0 0 10,837 5,134 Gross Income from Events & Activities 2d 14,039 2,941 0 16,980 14,935 Legacies etc 2e 1,409 9,046 0 10,455 6,303 Income from Investments 2f 1,197 1,072 2,777 5,046 2,855 TOTAL INCOMING RESOURCES 89,307 27,583 2,777 119,668 205,362 RESOURCES USED Charitable Giving - from service collections 3a 0 2,053 0 2,053 1,783 Charitable Giving - donations 3a 0 8,955 0 8,955 7,678 Ministry 3b1 51,600 0 0 51,600 52,543 Church Running Expenses 3b2 23,334 0 0 23,334 21,641 Church Admin 3c 2,466 0 0 2,466 2,289 Other Expenditure 3d3 16,509 37,909 0 54,418 174,823 TOTAL RESOURCES USED 93,909 48,917 0 142,826 260,758 NET INCOMING RESOURCES BEFORE TRANSFERS -4,602 -21,334 2,777 -23,158 -55,396 TRANSFERS BETWEEN FUNDS -242 3,019 -2,777 0 0 GAINS & LOSSES on INVESTMENTS (Unrealised) M&G Charibond Units -241 -241 -81 CBF Investment Fund Shares -12,460 -12,460 13,247 NET MOVEMENT in FUNDS -5,085 -18,314 -12,460 -35,860 -42,230 BALANCES BROUGHT FORWARD AT 1 January 2022 (2021) 94,404 146,733 105,847 346,985 389,214 BALANCES CARRIED FORWARD AT 31 DECEMBER 2022 (2021) 89,319 128,418 93,387 311,125 346,985	Unrestricted Restricted Endowment TOTAL FUNDS Funds Funds Funds 2022 2021 £ £ £ £ £ INCOMING RESOURCES Note Voluntary Income - Regular Giving 2a 59,457 2,053 0 61,510 62,753 Voluntary Income - Donations 2b 2,369 12,471 0 14,841 113,382 Income from Church Activities 2c 10,837 0 0 10,837 5,134 Gross Income from Events & Activities 2d 14,039 2,941 0 16,980 14,935 Legacies etc 2e 1,409 9,046 0 10,455 6,303 Income from Investments 2f 1,197 1,072 2,777 5,046 2,855 TOTAL INCOMING RESOURCES 89,307 27,583 2,777 119,668 205,362 RESOURCES USED Charitable Giving - from service collections 3a 0 2,053 0 2,053 1,783 Charitable Giving - donations 3a 0 8,955 0 8,955 7,678 Ministry 3b1 51,600 0 0 51,600 52,543 Church Running Expenses 3b2 23,334 0 0 23,334 21,641 Church Admin 3c 2,466 0 0 2,466 2,289 Other Expenditure 3d3 16,509 37,909 0 54,418 174,823 TOTAL RESOURCES USED 93,909 48,917 0 142,826 260,758 NET INCOMING RESOURCES BEFORE TRANSFERS -4,602 -21,334 2,777 -23,158 -55,396 TRANSFERS BETWEEN FUNDS -242 3,019 -2,777 0 0 GAINS & LOSSES on INVESTMENTS (Unrealised) M&G Charibond Units -241 -241 -81 CBF Investment Fund Shares -12,460 -12,460 13,247 NET MOVEMENT in FUNDS -5,085 -18,314 -12,460 -35,860 -42,230 BALANCES BROUGHT FORWARD AT 1 January 2022 (2021) 94,404 146,733 105,847 346,985 389,214 BALANCES CARRIED FORWARD AT 31 DECEMBER 2022 (2021) 89,319 128,418 93,387 311,125 346,985	Unrestricted Restricted Endowment TOTAL FUNDS Funds Funds Funds 2022 2021 £ £ £ £ £ INCOMING RESOURCES Note Voluntary Income - Regular Giving 2a 59,457 2,053 0 61,510 62,753 Voluntary Income - Donations 2b 2,369 12,471 0 14,841 113,382 Income from Church Activities 2c 10,837 0 0 10,837 5,134 Gross Income from Events & Activities 2d 14,039 2,941 0 16,980 14,935 Legacies etc 2e 1,409 9,046 0 10,455 6,303 Income from Investments 2f 1,197 1,072 2,777 5,046 2,855 TOTAL INCOMING RESOURCES 89,307 27,583 2,777 119,668 205,362 RESOURCES USED Charitable Giving - from service collections 3a 0 2,053 0 2,053 1,783 Charitable Giving - donations 3a 0 8,955 0 8,955 7,678 Ministry 3b1 51,600 0 0 51,600 52,543 Church Running Expenses 3b2 23,334 0 0 23,334 21,641 Church Admin 3c 2,466 0 0 2,466 2,289 Other Expenditure 3d3 16,509 37,909 0 54,418 174,823 TOTAL RESOURCES USED 93,909 48,917 0 142,826 260,758 NET INCOMING RESOURCES BEFORE TRANSFERS -4,602 -21,334 2,777 -23,158 -55,396 TRANSFERS BETWEEN FUNDS -242 3,019 -2,777 0 0 GAINS & LOSSES on INVESTMENTS (Unrealised) M&G Charibond Units -241 -241 -81 CBF Investment Fund Shares -12,460 -12,460 13,247 NET MOVEMENT in FUNDS -5,085 -18,314 -12,460 -35,860 -42,230 BALANCES BROUGHT FORWARD AT 1 January 2022 (2021) 94,404 146,733 105,847 346,985 389,214 BALANCES CARRIED FORWARD AT 31 DECEMBER 2022 (2021) 89,319 128,418 93,387 311,125 346,985
	Funds Funds Funds 2022 £ £ £ £ 59,457 2,053 0 61,510 2,369 12,471 0 14,841 10,837 0 0 10,837 14,039 2,941 0 16,980 1,409 9,046 0 10,455 1,197 1,072 2,777 5,046	2021 £ 62,753 113,382 5,134 14,935 6,303 2,855
	89,307 27,583 2,777 119,668	205,362
	0 2,053 0 2,053 0 8,955 0 8,955 51,600 0 0 51,600 23,334 0 0 23,334 2,466 0 0 2,466 16,509 37,909 0 54,418	1,783 7,678 52,543 21,641 2,289 174,823
	93,909 48,917 0 142,826	260,758
	-4,602 -21,334 2,777 -23,158 -242 3,019 -2,777 0 -241 -241 -12,460 -12,460	-55,396 0 -81 13,247
	-5,085 -18,314 -12,460 -35,860	-42,230
	94,404 146,733 105,847 346,985	389,214
	89,319 128,418 93,387 311,125	346,985

The notes on pages 3 to 10 form part of these accounts

Page 2

Parochial Church Council of St Mary the Virgin, Olveston

Notes on Financial Activities as at 31 December 2022

1) Accounting Policies

a) Basis of Preparation

b) Incoming resources

c) Resources used

i) Charitable Grants and Donations (Outward Giving)

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, 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.

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) Fixed assets

The accounts have been prepared on the assumption that the charity is able to continue as a going concern. However, the 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 £36,476 and unresricted designated reserves that can be drawn down if necessary of £52,844. 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

NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2022

2 INCOMING RESOURCES 2a Voluntary Income - Regular Giving Planned Giving Gift Aid income Gift Aid recoveries Non Gift Aid income Alms Small cash donations scheme recoveries Wall Safe 2b Voluntary Income - Donations Donations Donations Church Fabric Fund Donations - Sow & Grow Donations - tax recoveries Donations Fabric Fund - tax recoveries 2c Income from Church Activities Choir Coffee Shop Monday Movies Monday Movies - tax recoveries Monday Movies - SCDS top up Parochial Fees 2d Income from Events & Activities FOSM Fundraising Fundraising - Fabric Fundraising - tax recoveries Fundraising - Fabric tax recoveries Fundraising - Fabric SCDS top-up Fundraising - SCDS top up 2e Legacies etc Legacies Miscellaneous 2f Income from Investments CBF CoE FWT Inc A/c (1001D) CBF CoE Inv Fund Shares (1170S) CAF Bank Current Account M&G Charibond Income Units TOTAL INCOMING RESOURCES	Unrestricted Restricted Endowment TOTAL FUNDS	Unrestricted Restricted Endowment TOTAL FUNDS
	Funds Funds Funds 2022 £ £ £ £ 41,109 212 41,321 10,281 53 10,334 3,439 3,439 3,633 1,450 5,083 906 338 1,244 89 89	2021 £ 44,158 11,040 3,274 3,146 999 135
	59,457 2,053 0 61,510	62,753
	2,202 4,949 7,151 6,230 6,230 0 0 168 1,065 1,233 227 227	2,812 98,729 2,000 462 9,379
	2,369 12,471 0 14,841	113,382
	850 850 1,799 1,799 2,282 2,282 206 206 148 148 5,552 5,552	375 422 888 96 56 3,296
	10,837 0 0 10,837	5,134
	10,402 10,402 3,637 2,425 6,062 0 475 475 0 0 41 41	10,219 4,324 282 4 5 66 35
	14,039 2,941 0 16,980	14,935
	1,000 9,046 10,046 409 409	2,703 3,600
	1,409 9,046 0 10,455	6,303
	1,150 1,072 2,222 2,777 2,777 5 5 41 41	122 2,686 0 47
	1,197 1,072 2,777 5,046	2,855

	89,307 27,583 2,777 119,668	205,362

Page 4

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON

NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2022

3 RESOURCES USED Unrestricted Restricted Endowment Funds Funds Funds 2022 2021 £ £ £ £ £ 3a Charitable Grants and Donations (details next page) Service Collections 2,053 2,053 1,783 Donations - Sow and Grow 0 5,500 Donations 8,955 8,955 2,178 0 11,008 0 11,008 9,461 3b1 Ministry Clergy expenses - parochial 1,600 1,600 5,543 Parish Share 50,000 50,000 47,000 51,600 0 0 51,600 52,543 3b2 Church Running Exp Altar Supplies 119 119 161 Bank Charges 83 83 112 Bibles 32 32 147 Choir 1,250 1,250 110 Churchyard 744 744 212 Cleaning Materials 0 0 11 Flowers 200 200 110 Insurance 3,402 3,402 3,270 Miscellaneous 1,356 1,356 3,099 Organist 3,886 3,886 2,267 Repairs and Maintenance 3,516 3,516 4,460 Sacristan 3,327 3,327 3,327 Utilities 5,419 5,419 4,355 23,334 0 0 23,334 21,641 3c Church Admin External printing 514 514 797 Photocopier 814 814 888 Print and Stat consumables 129 129 71 Salary & exp - administrator 472 472 0 Telephone and Broadband 537 537 533 2,466 0 0 2,466 2,289 3d3 Other Expenditure Bookstall 211 211 203 Church Fabric 37,834 37,834 167,039 Coffee Shop 96 96 0 Event costs (non F'raising) 249 249 115 Fundraising costs (Unrest) 536 536 660 Shine Choir 0 253 Restricted event payments 75 75 50 FOSM 8,090 8,090 5,052 Lent 36 36 395 Monday Movies 418 418 115 New Equipment 6,021 6,021 338 Subs and Donations 853 853 603 16,509 37,909 0 54,418 174,823 TOTAL RESOURCES USED 93,909 48,917 0 142,826 260,758 TOTAL FUNDS	3 RESOURCES USED Unrestricted Restricted Endowment Funds Funds Funds 2022 2021 £ £ £ £ £ 3a Charitable Grants and Donations (details next page) Service Collections 2,053 2,053 1,783 Donations - Sow and Grow 0 5,500 Donations 8,955 8,955 2,178 0 11,008 0 11,008 9,461 3b1 Ministry Clergy expenses - parochial 1,600 1,600 5,543 Parish Share 50,000 50,000 47,000 51,600 0 0 51,600 52,543 3b2 Church Running Exp Altar Supplies 119 119 161 Bank Charges 83 83 112 Bibles 32 32 147 Choir 1,250 1,250 110 Churchyard 744 744 212 Cleaning Materials 0 0 11 Flowers 200 200 110 Insurance 3,402 3,402 3,270 Miscellaneous 1,356 1,356 3,099 Organist 3,886 3,886 2,267 Repairs and Maintenance 3,516 3,516 4,460 Sacristan 3,327 3,327 3,327 Utilities 5,419 5,419 4,355 23,334 0 0 23,334 21,641 3c Church Admin External printing 514 514 797 Photocopier 814 814 888 Print and Stat consumables 129 129 71 Salary & exp - administrator 472 472 0 Telephone and Broadband 537 537 533 2,466 0 0 2,466 2,289 3d3 Other Expenditure Bookstall 211 211 203 Church Fabric 37,834 37,834 167,039 Coffee Shop 96 96 0 Event costs (non F'raising) 249 249 115 Fundraising costs (Unrest) 536 536 660 Shine Choir 0 253 Restricted event payments 75 75 50 FOSM 8,090 8,090 5,052 Lent 36 36 395 Monday Movies 418 418 115 New Equipment 6,021 6,021 338 Subs and Donations 853 853 603 16,509 37,909 0 54,418 174,823 TOTAL RESOURCES USED 93,909 48,917 0 142,826 260,758 TOTAL FUNDS	3 RESOURCES USED Unrestricted Restricted Endowment Funds Funds Funds 2022 2021 £ £ £ £ £ 3a Charitable Grants and Donations (details next page) Service Collections 2,053 2,053 1,783 Donations - Sow and Grow 0 5,500 Donations 8,955 8,955 2,178 0 11,008 0 11,008 9,461 3b1 Ministry Clergy expenses - parochial 1,600 1,600 5,543 Parish Share 50,000 50,000 47,000 51,600 0 0 51,600 52,543 3b2 Church Running Exp Altar Supplies 119 119 161 Bank Charges 83 83 112 Bibles 32 32 147 Choir 1,250 1,250 110 Churchyard 744 744 212 Cleaning Materials 0 0 11 Flowers 200 200 110 Insurance 3,402 3,402 3,270 Miscellaneous 1,356 1,356 3,099 Organist 3,886 3,886 2,267 Repairs and Maintenance 3,516 3,516 4,460 Sacristan 3,327 3,327 3,327 Utilities 5,419 5,419 4,355 23,334 0 0 23,334 21,641 3c Church Admin External printing 514 514 797 Photocopier 814 814 888 Print and Stat consumables 129 129 71 Salary & exp - administrator 472 472 0 Telephone and Broadband 537 537 533 2,466 0 0 2,466 2,289 3d3 Other Expenditure Bookstall 211 211 203 Church Fabric 37,834 37,834 167,039 Coffee Shop 96 96 0 Event costs (non F'raising) 249 249 115 Fundraising costs (Unrest) 536 536 660 Shine Choir 0 253 Restricted event payments 75 75 50 FOSM 8,090 8,090 5,052 Lent 36 36 395 Monday Movies 418 418 115 New Equipment 6,021 6,021 338 Subs and Donations 853 853 603 16,509 37,909 0 54,418 174,823 TOTAL RESOURCES USED 93,909 48,917 0 142,826 260,758 TOTAL FUNDS
	Funds Funds Funds 2022 £ £ £ £ ations (details next page) 2,053 2,053 0 8,955 8,955	2021 £ 1,783 5,500 2,178
	0 11,008 0 11,008	9,461
	1,600 1,600 50,000 50,000	5,543 47,000
	51,600 0 0 51,600	52,543
	119 119 83 83 32 32 1,250 1,250 744 744 0 0 200 200 3,402 3,402 1,356 1,356 3,886 3,886 3,516 3,516 3,327 3,327 5,419 5,419	161 112 147 110 212 11 110 3,270 3,099 2,267 4,460 3,327 4,355
	23,334 0 0 23,334	21,641
	514 514 814 814 129 129 472 472 537 537	797 888 71 0 533
	2,466 0 0 2,466	2,289
	211 211 37,834 37,834 96 96 249 249 536 536 0 75 75 8,090 8,090 36 36 418 418 6,021 6,021 853 853	203 167,039 0 115 660 253 50 5,052 395 115 338 603
	16,509 37,909 0 54,418	174,823

	93,909 48,917 0 142,826	260,758

Page 5

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON

NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2022

3 RESOURCES USED 3a Charitable Grants and Donations Children's Society - Christingle Diabetes Research and Wellness Nebbi Appeal Nepal - Aanandit Charity Olveston School - cases of hardship Royal British Legion (Poppy Appeal) Salvation Army (Easton) Salvation Army (Easton) - Choir Collection Thornbury Foodbank Ukraine Appeal A Rocha UK ARK Playbus Barnabas Fund Christian Aid Week (Benefice Collection) NSPCC Olveston School - Reflective Space Area Olveston & Tockington Methodist Church One25 Ltd Refugee Action	Unrestricted Funds Restricted Funds Service Collections Donations 2022 2021 £ £ £ £ £ 487 487 172 303 303 0 3,297 3,297 0 2,071 2,071 0 125 125 0 617 617 512 949 356 1,304 490 78 78 65 113 113 0 2,612 2,612 0 0 50 0 40 0 140 0 761 0 93 0 5,500 0 50 0 1,000 0 589 TOTAL	Unrestricted Funds Restricted Funds Service Collections Donations 2022 2021 £ £ £ £ £ 487 487 172 303 303 0 3,297 3,297 0 2,071 2,071 0 125 125 0 617 617 512 949 356 1,304 490 78 78 65 113 113 0 2,612 2,612 0 0 50 0 40 0 140 0 761 0 93 0 5,500 0 50 0 1,000 0 589 TOTAL
	0 2,053 8,955 11,008	9,461

Page 6

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON

NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2022

		Unrestricted Funds	Unrestricted Funds	Unrestricted Funds	Unrestricted Funds		Restricted Funds	Restricted Funds	Restricted Funds	Endow't	TOTAL	FUNDS
	General		DesignatedFunds				Fabric	Out Giv'g	Sev'nside	Funds	2022	2021
	Purposes	Vision	Choir		Summer	FOSM			Churches
		Fund			Ball
	£	£	£		£	£	£	£	£	£	£	£

FIXED ASSETS
Investment Assets (Endowment)
FWT Inv Fund Shares (1170S)										93,387	93,387	105,847
Tangible Fixed Assets											0	0
	0		0	0	0	0	0	0	0	93,387	93,387	105,847

ANALYSIS of NET ASSETS by FUND
Fixed Assets	0		0	0	0	0	0	0	0	93,387	93,387	105,847
Current Assets	38,538	43,778		2,063	450	6,723	126,549	2,206	1,533	0	221,838	244,311
Current Liabilities	-2,062		0	0	0	-169	0	-1,869	0	0	-4,101	-3,174
Fund Balance	36,475	43,778		2,063	450	6,553	126,549	336	1,533	93,387	311,125	346,985

Designated Funds

Vision Fund This fund, sourced 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 2022, £5,000 is earmarked for projects aimed at engaging younger generations. Choir Fund: This fund was established to provide funds to meet costs incurred by St Mary's Church Choir. Summer Ball: This fund was established to support fundraising by the Summer Ball organising committee. Friends of St Mary's: This fund was established in 1994 to support fundraising by the Friends of St Mary's.

Restricted Funds

Fabric Fund:

Outward Giving:

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.

Severnside Churches This fund is held on behalf of the Severnside Churches Group. Of the balance at 31st December 2022, £263 is earmarked to support Youth Choirs within the North Youth Fund: Severnside Benefice.

Endowment Fund (St Mary's)

Fred White Trust

Page 7

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON

NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2022

Unrestricted Restricted Endowment Funds Funds Funds 2022 2021 £ £ £ £ £ 6 DEBTORS Gift Aid recoveries 1,947 101 0 2,047 2,205 Small cash donations scheme recoverie 814 379 0 1,193 1,094 Prepayments and Accrued Interest 1,188 0 0 1,188 3,823 VAT 325 4,369 0 4,693 11,169 Other debtors 100 1,151 0 1,251 673 4,374 5,999 0 10,373 18,964 7 LIABILITIES Amounts falling due within one year 2,232 1,869 0 4,101 3,174 Amounts falling due after one year 0 0 0 0 0 2,232 1,869 0 4,101 3,174 8 SHORT TERM DEPOSITS With CBF at CCLA: CBF CoE FWT Inc A/c (1001D) 67,380 104,735 0 172,115 167,116 M&G Investment Fund 2,033 0 0 2,033 2,274 69,413 104,735 0 174,148 169,390 9 CASH at BANK NatWest Current Account 4,926 18,631 0 23,558 31,155 CAF Bank Current Account 3,602 923 0 4,525 12,648 Choir a/c 2,063 0 0 2,063 2,463 Summer Ball a/c 450 0 0 450 450 Friends of St Mary's a/c 6,723 0 0 6,723 9,241 17,763 19,554 0 37,318 55,957 TOTAL FUNDS	Unrestricted Restricted Endowment Funds Funds Funds 2022 2021 £ £ £ £ £ 6 DEBTORS Gift Aid recoveries 1,947 101 0 2,047 2,205 Small cash donations scheme recoverie 814 379 0 1,193 1,094 Prepayments and Accrued Interest 1,188 0 0 1,188 3,823 VAT 325 4,369 0 4,693 11,169 Other debtors 100 1,151 0 1,251 673 4,374 5,999 0 10,373 18,964 7 LIABILITIES Amounts falling due within one year 2,232 1,869 0 4,101 3,174 Amounts falling due after one year 0 0 0 0 0 2,232 1,869 0 4,101 3,174 8 SHORT TERM DEPOSITS With CBF at CCLA: CBF CoE FWT Inc A/c (1001D) 67,380 104,735 0 172,115 167,116 M&G Investment Fund 2,033 0 0 2,033 2,274 69,413 104,735 0 174,148 169,390 9 CASH at BANK NatWest Current Account 4,926 18,631 0 23,558 31,155 CAF Bank Current Account 3,602 923 0 4,525 12,648 Choir a/c 2,063 0 0 2,063 2,463 Summer Ball a/c 450 0 0 450 450 Friends of St Mary's a/c 6,723 0 0 6,723 9,241 17,763 19,554 0 37,318 55,957 TOTAL FUNDS	Unrestricted Restricted Endowment Funds Funds Funds 2022 2021 £ £ £ £ £ 6 DEBTORS Gift Aid recoveries 1,947 101 0 2,047 2,205 Small cash donations scheme recoverie 814 379 0 1,193 1,094 Prepayments and Accrued Interest 1,188 0 0 1,188 3,823 VAT 325 4,369 0 4,693 11,169 Other debtors 100 1,151 0 1,251 673 4,374 5,999 0 10,373 18,964 7 LIABILITIES Amounts falling due within one year 2,232 1,869 0 4,101 3,174 Amounts falling due after one year 0 0 0 0 0 2,232 1,869 0 4,101 3,174 8 SHORT TERM DEPOSITS With CBF at CCLA: CBF CoE FWT Inc A/c (1001D) 67,380 104,735 0 172,115 167,116 M&G Investment Fund 2,033 0 0 2,033 2,274 69,413 104,735 0 174,148 169,390 9 CASH at BANK NatWest Current Account 4,926 18,631 0 23,558 31,155 CAF Bank Current Account 3,602 923 0 4,525 12,648 Choir a/c 2,063 0 0 2,063 2,463 Summer Ball a/c 450 0 0 450 450 Friends of St Mary's a/c 6,723 0 0 6,723 9,241 17,763 19,554 0 37,318 55,957 TOTAL FUNDS
	Funds Funds Funds 2022 £ £ £ £ 1,947 101 0 2,047 e 814 379 0 1,193 1,188 0 0 1,188 325 4,369 0 4,693 100 1,151 0 1,251	2021 £ 2,205 1,094 3,823 11,169 673
	4,374 5,999 0 10,373	18,964
	2,232 1,869 0 4,101 0 0 0 0	3,174 0
	2,232 1,869 0 4,101	3,174
	67,380 104,735 0 172,115 2,033 0 0 2,033	167,116 2,274
	69,413 104,735 0 174,148	169,390
	4,926 18,631 0 23,558 3,602 923 0 4,525 2,063 0 0 2,063 450 0 0 450 6,723 0 0 6,723	31,155 12,648 2,463 450 9,241
	17,763 19,554 0 37,318	55,957

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PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON

NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2022

10 RECONCILIATION OF MOVEMENT IN FUNDS

		Unrestricted Funds	Unrestricted Funds	Unrestricted Funds		Restricted Funds	Restricted Funds	Restricted Funds	Endow't	TOTAL	FUNDS
	General		Designated						Funds	2022	2021
	Purposes	Vision	Choir	Summer	FOSM	Fabric	Out Giv'g	Sev'nside
		Fund		Ball				Churches
	£	£	£	£	£	£	£	£	£	£	£

BALANCES BROUGHT FORWARD AT	34,492	47,758	2,463	450	9,241	144,789	411	1,533	105,847	346,985	389,214
1 JANUARY 2022 (2021)
INCOME	76,015	2,041	850	0	10,402	16,575	11,008	0	2,777	119,668	205,362
EXPENDITURE	78,548	6,021	1,250	0	8,090	37,834	11,083	0	0	142,826	260,758
GAINS & LOSSES on INVESTMENTS (Unrealised)	-241								-12,460	-12,701	13,166
TRANSFERS BETWEEN FUNDS	4,758				-5,000	3,019		0	-2,777	0	0
BALANCES CARRIED FORWARD
AT 31 DECEMBER 2022 (2021)	36,476	43,778	2,063	450	6,553	126,549	336	1,533	93,387	311,125	346,985

Page 9

PAROCHIAL CHURCH COUNCIL of St MARY the VIRGIN, OLVESTON

NOTES on FINANCIAL ACTIVITIES as at 31 DECEMBER 2022

11 CONTINGENT ASSETS

12 CAPITAL COMMITMENT

Page 10

Appendix 3

St Mary the Virgin, Olveston

Sections for Inclusion within the St Mary’s Trustees’ Annual Report 2022

Financial review

Outward donations totalling £11,008 were made in 2022 to 9 different causes (see Note 3a of Annual Accounts for details).These included £3,297 to the Nebbi Diocese in Uganda, £2,071 to the Aanandit Charity in Nepal, £1,382 to the Salvation Army (Easton), and £2,612 to the DEC Appeal for Ukraine.

Reserves policy

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 in recent years and that money from the Vision Fund could be used by PCC to cover the shortfall of £14,000 in free reserves should the need arise. A major focus for 2023 is on continuing the recovery of 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.

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

Going Concern

Regularly monitoring its financial position;
Providing our congregation with a range of alternative methods of giving (e.g. by standing order, donations using online banking, online giving page, contactless payment device);
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 £36,476 and designated reserves that can be drawn down if necessary of £52,844.
Income (including Gift Aid) from planned giving accounts for 62% of our total income. We are confident that the vast majority of this income will continue to be received as 92% 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.

Independent Examiner's Report To The Parochial Church Council Of St Mary The Virgin Olveston. With Aust I report on the accounts of the Parochial Church Council of St Mary the Virgin Olveston, with Aust, for the year ended 31 December 2022, which are set out on pages 110 10. Respective responsibilities of the PCC and the Independent Examiner The PCC consider that an audit is not required for this year under section 14412) of the charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 Act., follow the procedures laid down in the General Directions given by the Charity Commissioners section 145151{b) of the 2011 Act,. and state whether particular matters have come to my attention Basis of Independent Examiner's Statement My examination was carried out in aG¢ordance with the General Directions given by the Charity Commission. An examination includes a review ofthe accounting records kept by the PCC and a comparison of the accounts with those records. 11 also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the eviden that would be required in a full audit, and consequently I do not express an audit opinion on the accounts. Independent Examiner's Statement In connection with my examination. no matters have come to my attention.. which give me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the Act; or to prepare accounts which accord with the accounting records have not been met., or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed.. Freddie J Savage ACCA The Coach House, Aust Road, Olveston, Bristol Dated.. x