St. Mary’s, Marlborough
ANNUAL REPORT and FINANCIAL STATEMENTS
of the
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN WITH ST PETER & ST PAUL, MARLBOROUGH for the year ended 31 December 2021
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Marlborough
Anglican Team
‘ Making Jesus Known’
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Team Rector
The Reverend Christopher J Smith Team Vicar
The Reverend Peter Sainsbury
Marlborough Rectory Rawlingswell Lane MARLBOROUGH Wilts SN8 1AU
THE PARISH OF MARLBOROUGH St. Mary the Virgin with St Peter and St Paul
ANNUAL REPORT FOR 2021
ADMINISTRATIVE INFORMATION
St Mary’s Church is situated off Kingsbury Street in the parish of Marlborough, Wilts. It is a team benefice with the parishes of St George’s, Preshute and St John the Baptist, Mildenhall. It is part of the Diocese of Salisbury within the Church of England. The correspondence address is Marlborough Anglican Team Office, Church Cottage, Silverless Street, Marlborough, SN8 1JQ.
The Parochial Church Council (“PCC”) is a corporate body established by the Church of England. It operates under the PCC Powers Measure 1956 as amended and the Church Representation Rules. The PCC was formerly an excepted charity. Its registration with the Charity Commission was formally approved on 10 March 2010. The registration number is 1134792. Information about the PCC and its activities can be found on the - Charity Commission website at www.charity commission.gov.uk . The PCC is subject to the Charities Act 2011.
PCC members who have served from 1 January 2021 until the date this report was approved are:
| approved are: | ||||
|---|---|---|---|---|
| Incumbent | The Rev’d Chris | Smith |
2019 | Chairman Ex Ofcio |
| Churchwardens | Sue Pells | 2019 | Until | Annual Meeting 2021; ex-ofcio |
| Simon Mills | 2020 | From | Annual Meeting 2020; ex-ofcio | |
| Derek Moss | 2021 | From | Annual Meeting 2021; ex-ofcio |
Representatives on the Deanery Synod:
Louise Seddon (Elected Member until APCM 2023) Derek Moss (Elected Member until APCM 2023) Elizabeth Cooper (Elected Member until APCM 2023) Other Elected Members:
Rachel Maurice (Elected Member until APCM 2021) Margaret Hoyland (Elected Member until APCM 2022) David Du Croz (Elected Member until APCM 2022) Pam Tulloch (Elected Member until APCM 2023) Jenny Noble (Elected Member until APCM 2023) Rupert Travis (Elected Member until APCM 2023) Jill Moss (Elected Member until APCM 2023) Roger Wheeler (Elected Member until APCM 2024) Hugh de Saram (Elected Member until APCM 2024) Mike Maclachlan (Elected Member until APCM 2024)
Co-opted Members:
Mark Whitehead (Treasurer) Janice Whitehead (Secretary)
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Other parishioners performing specific duties or having specific responsibilities are:
Licensed Lay Minister Sarah Musgrave (St George’s/St John, Mildenhall)
LPAs Ann Yates Judith Denning (St. George’s) Jenny Fryer Dorothy Maclachlan Rachel Maurice Jill Moss Anne Norman Sue Pearce Debbie Ryman Alison George (retired in 2021) Gill Tait (retired in 2021) Vergers Ian Perryman; Stephen Robbins Representatives: Bell ringers, Tower Captain Dorothy Blythe Church Hall; Bookings clerk Peter Hussey Safeguarding Tricia Hayllar Choir Director Michael Reynolds Church Fabric Martin Selby Pam Tulloch Church Administrator Laura Willis Electoral Roll Secretary Hugh de Saram Mission Committee Chair Simon Mills Children’s Church Caroline Philps
St. Mary’s is a member of Churches Together in Marlborough
STRUCTURE AND GOVERNANCE
The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
OBJECTIVES AND ACTIVITIES
St Mary’s PCC has the responsibility of co-operating with the incumbent, the Reverend C J Smith, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the St Mary’s Parish Hall complex and Cadley Churchyard.
ACHIEVEMENTS AND PERFORMANCE
Chairman’s Statement
2021 was a challenging year as the pandemic dominated. The year began with the hopes of the vaccine rollout yet ended with an Omicron surge. As a church our fellowship, communion, finances and outreach were all diminished. Who knew how much we would miss such simple things as after-service coffee and being able to sing? In 2020 there seemed to be some excitement about lockdowns but this evaporated in
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- While lives were saved the cost began to become clearer: increased loneliness and isolation. Missed treatments, exams and holidays. And great frustration at plans being continually blown off course. For the country that hoped to take back control we now seemed completely out of control.
On the plus side St Mary’s and other churches made magnificent efforts to keep the faith show rolling. In Lent we organised a course looking at Faith in the Arts, which was attended by more than 100 people. Love Marlborough Kids Meals continued to deliver hot, nutritious food to the town’s most needy families. Your ministers became zoom Jedi and much worship occurred online. We learnt to stream and now breezily talk of mixed media worship. Who would have imagined all this in 2019? All the little gatherings online of 10 or 20 people did much to keep us going through dark times. The evening service was reborn in January in a new format, initially meeting every other week. When singing restarted in July it went weekly and it has grown gently through the year. In September we joined in the Generous Giving Campaign of the diocese adding our own Harvest Thank Offering on the side. The team ended up giving £10,500 to other churches in the deanery to help them. The 1,000 Christmas stars was a huge success offering community engagement, outreach and yet all in a covid safe way.
At theological college they teach you that arguments over PCC minutes are a classic indicator of a troubled PCC. At my first meeting three amendments were tabled and problems with the minutes have carried on ever since. My prayer last year was that the problems of the PCC would begin to come to the surface so that they could be sorted out and healed. Last year the meetings weren’t as pleasant or fruitful as they might have been and to try and fix this a whole raft of measures were put into place. Extra prayer, coaching, days away, individual conversations, diocesan help, and CPAS training have all been tried and we thank God for the progress made.
According to Christianity Today 38% of ministers considered quitting in 2021. The pressures have been intense. How can groups be led when some think Covid is a cold, yet others have run for the hills? Very little appreciation has gone to ministers as key workers - yet Sarah, Pete and I visited and took funerals all through the pandemic. While technology is a great blessing it has been exhausting to use and so little feedback comes through the computer. Some people have gotten cranky as they have been locked up again and ministers have often been the punchbags for their frustration. The clergy and other ministers need your love, prayers and support. Be a blessing to your ministry team!
One person who sadly left us in 2021 was Laura Willis. She served as the Administrator of the Marlborough Anglican Team for 14 years. Her role was very much behind the scenes but only in leaving did we all find out how much she did for churches across the town. We pray for a blessed retirement for her and Paul.
As we look to 2022 may God give us the end of the pandemic. The Bishop of London has said she feels after the pandemic ends it will take the churches two years to recover. May God keep us safe and help us through this process. And may somehow much good fruit be borne.
I’m very grateful for the ongoing work of St Mary’s. A particular thank you to Catherine, all who volunteer, the Churchwardens, and others. Everyone’s hard work and service through difficult times is very much appreciated.
Christopher Smith Rector of Marlborough
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Church Roll and PCC meetings
At the time of the 2021 Annual Meeting there were 186 ( 2020: 188) parishioners on the Church Electoral Roll. The average number of adults attending Sunday services counted over five Sundays in May 2021 was 80 ( 2020: 0 – Due to lockdown). This number increased at Festivals and on special occasions.
The full PCC met 10 ( 2020: 5) times in 2021 with an average attendance of 74% ( 2020: 91%). The Standing Committee met between meetings and the minutes of their deliberations were received by the full PCC and discussed where necessary.
FINANCIAL REVIEW
Total incoming resources were £176,267 ( 2020 : £148,779) and are detailed in the financial statements.
Total expenditure was £186,400 ( 2020 : £141,474) including church activities, and Parish Share of £74,282 (2020: £73,163).
There were unrealised gains on investments of £16,762 ( 2020 : £11,327).
As a result of these and other factors the fund balances carried forward at 31 December rose to £243,194 ( 2020 : £236,605). £73,222 are held in funds which are restricted and can only be used for the specified purpose. A further £37,977 (2020: £33,891) are funds held for the sole purpose of maintaining the Cadley Churchyard.
The main fund showed a deficit of £20,480 as normal income - £126,133 – was again less than normal expenditure - £146,613. In 2021, the church hall finances were brought totally within the church accounts, and these are now included in the main fund income and expenditure.
A thank offering was taken in the Autumn, and £13,118 was raised including gift aid. It had been decided that a third of the donations would go to helping other churches in our deanery pay their parish share. £4,372 was therefore given away. The remaining £8,745 was added to the main fund.
RESERVES POLICY
The policy is to maintain reserves as follows:
General Reserves: balance at year end to be at least 25% of annual normal expenditure (i.e. main fund expenditure)
Fabric Fund: balance at year end to be at £35,000.
The fabric fund is retained towards meeting the cost of repairs to the fabric of the church, including costs arising from Quinquennial inspections.
It is PCC policy to invest fund balances with CCLA investments and deposit accounts.
Approved by the PCC on 31 March 2022 and signed on its behalf by Reverend C J Smith (PCC Chairman)
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Parish of St Mary the Virgin with St Peter and St Paul Marlborough
Charity registration number 1134792
End of Year Financial Statements
Year ended 31 December 2021
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PARISH OF ST MARY THE VIRGIN WITH ST PETER AND ST PAUL MARLBOROUGH
Charity Registration Number 1134792
INDEPENDENT EXAMINERS REPORT TO THE PAROCHIAL CHURCH COUNCIL (PCC)
I report on the financial statements of the PCC for the year ended 31 December 2021, which are set out on
pages 9-19.
Respective responsibilities of trustees and examiner
The charity’s trustees (PCC Members) are responsible for the preparation of the accounts. The charity’s trustees
consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act)
but that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under
section 145 (5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners.
An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items of disclosures in the
accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken
do not provide all the evidence that would be required in an audit, and consequently I do not express an audit
opinion on the view given by the accounts.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met,
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
……………………………………………
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Mr Peter Davies FCA Peter Davies Chartered Accountant Sunrise Chapel Lane Hermitage Thatcham RG18 9RL
Date: 2022
Statement of Financial Activities
| Unrestricted RestrictedEndowment Total Prior year funds funds funds fundstotal funds |
Unrestricted RestrictedEndowment Total Prior year funds funds funds fundstotal funds |
|---|---|
| Income and endowments from: | |
| Income from Donors - Planned Giving | 67,532 — — 67,532 69,015 |
| Income from Donors - Other Donations |
9,815 1,987 — 11,802 5,067 |
| Income for Specifed Projects | 13,218 32,395 — 45,613 39,519 |
| Other ordinary incoming resources | 27,202 14,900 — 42,102 24,271 |
| Income from ancillary trading | 7,440 — — 7,440 9,074 |
| Income from investments | 971 807 — 1,778 1,833 |
| Total income | 126,178 50,089 — 176,26 7 148,779 |
| Expenditure on: | |
| Raising funds | 1 39 — 40 37 |
| Church ministry and services |
86,812 — — 86,812 80,869 |
| Expenditure on specifed projects | — 38,388 — 38,388 12,589 |
| Church management and administration | 27,909 — — 27,909 26,671 |
| Church Hall Expenditure | 4,418 — — 4,418 5,481 |
| Church Hall - management, bookings and administration |
5,049 — — 5,049 3,648 |
| Grants & specifed receipts and collections | 11,850 — — 11,850 — |
| Mission Giving | 10,575 — — 10,575 10,250 |
| Non-recurring expenditure | 699 700 — 1,399 1,966 |
| Total expenditure | 147,313 39,127 — 186,44 0 141,511 |
| Unrealised gains / (losses) on investment assets |
12,784 — 3,978 16,762 11,327 |
| Net income / (expenditure) resources before transfer |
(8,351) 10,962 3,978 6,589 18,595 |
| Transfers | |
| Gross transfers between funds - in | 9,129 395 — 9,524 61,748 |
| Gross transfers between funds - out | (9,524) — — (9,524) (61,748) |
| Net movement in funds | (8,746) 11,357 3,978 6,589 18,595 |
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| Total funds brought forward | 140,738 68,203 27,664 236,60 5 218,010 |
| Total funds carried forward | 131,992 79,560 31,642 243,19 4 236,605 |
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Balance sheet
Total funds Prior year funds
| Fixed assets | |
|---|---|
| Tangible assets | 155 401 |
| Investments | 120,173 103,411 |
| 120,32 8 103,812 |
|
| Current assets | |
| Debtors | 7,686 6,121 |
| Cash at bank and in hand | 118,579 141,136 |
| 126,26 5 147,257 |
|
| Liabilities | |
| Creditors: Amounts falling due in one year | 3,399 14,464 |
| 3,399 14,464 |
|
| Net current assets less current liabilities | 122,86 6 132,793 |
| Total assets less current liabilities | 243,19 4 236,605 |
| Total net assets less liabilities | 243,19 4 236,605 |
| Represented by | |
| Unrestricted | |
| General fund | 12,540 29,972 |
| Designated | |
| Fabric fund | 35,000 35,000 |
| Mission fund | — 1,841 |
| General Reserves | 75,451 61,589 |
| Church Hall | 8,230 11,156 |
| Bellringers | 774 1,182 |
| Restricted | |
| Love Marlborough Kids Meals | 5,632 8,822 |
| Fund for Specifed Giving | — — |
| Worship Director | 10,596 8,375 |
| Youth and Family Worker fund | 19,256 19,104 |
| Organ restoration | 37,738 25,673 |
| Cadley cash | 6,335 6,227 |
| Endowment | |
| Cadley endowment | 31,642 27,664 |
| Funds of the church | 243,19 4 236,605 |
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The Annual Financial Accounts were approved by the PCC on 31 March 2022 and signed on its behalf by
Rev Christopher Smith Rector
Mark Whitehead Treasurer
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PARISH OF ST MARY THE VIRGIN WITH ST PETER & ST PAUL, MARLBOROUGH
Charity Registration Number 1134792
Notes to the accounts Year ended 31 December 2021
1 ACCOUNTING POLICIES
The Parochial Church Council of the Ecclesiastical Parish of St Mary the Virgin, with St Peter & St Paul, Marlborough, is a charity registered with the Charity Commission for England and Wales.
a) Basis of preparation
The accounts have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK & Republic of Ireland (FRS102) issued on 16[th] July 2014.
The accounts have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. The accounts do not include the accounts of Church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members or small cash balances held by individuals.
b) Funds
Funds have been classified as Unrestricted, Designated, Restricted or Endowment.
Unrestricted 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 by the PCC for a particular purpose are also classified as unrestricted since the PCC can redesignate these funds if they choose to do so.
Restricted funds are funds received, collected by or given to the PCC for a particular purpose which was specified at or before the time of receipt. These funds have been restricted by the donor for a particular purpose and they cannot, and must not, be used by the PCC for any other purpose except by agreement with the donor or as determined by the courts or the Charity Commission.
Endowment funds are funds given to the PCC with the specific instruction that only the income gained from the funds can be spent. Endowment funds also include an asset donated to be retained by the PCC for continuing use by the Church. The original endowment funds cannot normally be spent and must remain in the form of equivalent assets or investments. Endowment funds can either be permanent, ie the PCC have no power to convert it into income, or expendable, where the PCC may, in certain circumstances, spend the funds endowed.
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c) Incoming resources
Voluntary income
Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Tax recoverable on Gift Aid donations is recognised when the income is received. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
Funds raised by any fete or social event are accounted for gross, where practicable.
Income from ancillary trading
Rental income from the letting of church premises is recognised when the rental is due.
Income from investment
Dividends and interest are accounted for when receivable.
Gains and losses on investments
Realised gains or losses are recognised when investments are sold.
Unrealised gains or losses are accounted for on revaluation of investments at 31 December.
d) Resources used
Church ministry and services
The diocesan share is accounted for when payable. Any diocesan share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.
Grants made
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
e) Fixed assets
Consecrated land and buildings and moveable church furnishings
Consecrated and beneficed property is excluded from the accounts by S10(2) of the Charities Act 2011.
Movable church furnishings held by the rector and churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for as inalienable property and not valued in the accounts.
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All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is treated as an expense and written off. Maintenance charges of £100 or less are expensed through the General Fund and above £100 are expensed through the Fabric Fund.
f) Fixed assets - Office equipment
Office equipment is capitalised and depreciated on a straight line basis as follows:
Computer equipment 25% of cost per annum Photocopier & other equipment 20% of cost per annum
Individual items of equipment with a purchase price of £100 or less are written off when the asset is acquired.
g) Investments
Investments are valued at bid price at 31 December.
h) Current Assets
Cash held in a savings account with a bank is classified as cash at bank. Cash held on deposit with the CBF Church of England Deposit Fund or held in a term deposit account with a bank is classified as a short term deposit.
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.
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Analysis of income and expenditure
Endowment 2021 |
Total Unrestricted Designated Restricted |
|---|---|
2020 |
INCOME AND ENDOWMENTS
| Income from Donors - Planned Giving Weekly envelopes — — — — — 1,049 Giving - one-of 73 — — — 73 3,741 Regular giving incl Standing Orders & PGS 67,459 — — — 67,459 63,284 CAF vouchers — — — — — 940 Total 67,532 — — — 67,532 69,015 Income from Donors - Other Donations Gift Aid envelopes — — — — — 779 Loose Collection 2,236 — — — 2,236 1,008 Sum-up 74 — 1,987 — 2,061 1,922 Other donations 7,505 — — — 7,505 1,356 Total 9,815 — 1,987 — 11,802 5,067 Income for Specifed Projects Donations for Family Worker — — 120 — 120 600 Bellringer fund income — 45 — — 45 101 Donations for Worship Director — — 8,460 — 8,460 11,450 Donations for Free Meals (LMKM) — — 13,585 — 13,585 13,557 Specifed income 11,850 — — — 11,850 — Bequests, Legacies, Gifts in memory — 1,323 — — 1,323 1,800 Donations to Organ restoration fund — — 10,230 — 10,230 7,621 Total 11,850 1,368 32,395 — 45,613 39,519 Other ordinary incoming resources Gift Aid 18,731 — 5,300 — 24,031 20,834 Gift Aid Small Donation Scheme 701 — — — 701 492 Fees PCC 3,855 — — — 3,855 2,142 Other PCC fees — — — — — 213 Salary contribs to Worship Director — — 9,600 — 9,600 3,984 Contribs to Social Events — — — — — 543 Other income 3,915 — — — 3,915 104 Wiltshire Hist Churches Ride & Stride — — — — — 345 Total 27,202 — 14,900 — 42,102 24,271 Income from ancillary trading Photocopying income 898 — — — 898 673 Church Hall lettings — 6,542 — — 6,542 8,400 Total 898 6,542 — — 7,440 9,074 Income from investments Interest income, net of bank charges (72) — 3 — (69) 41 Dividend income 1,043 — 804 — 1,847 1,792 |
Income from Donors - Planned Giving Weekly envelopes — — — — — 1,049 Giving - one-of 73 — — — 73 3,741 Regular giving incl Standing Orders & PGS 67,459 — — — 67,459 63,284 CAF vouchers — — — — — 940 Total 67,532 — — — 67,532 69,015 Income from Donors - Other Donations Gift Aid envelopes — — — — — 779 Loose Collection 2,236 — — — 2,236 1,008 Sum-up 74 — 1,987 — 2,061 1,922 Other donations 7,505 — — — 7,505 1,356 Total 9,815 — 1,987 — 11,802 5,067 Income for Specifed Projects Donations for Family Worker — — 120 — 120 600 Bellringer fund income — 45 — — 45 101 Donations for Worship Director — — 8,460 — 8,460 11,450 Donations for Free Meals (LMKM) — — 13,585 — 13,585 13,557 Specifed income 11,850 — — — 11,850 — Bequests, Legacies, Gifts in memory — 1,323 — — 1,323 1,800 Donations to Organ restoration fund — — 10,230 — 10,230 7,621 Total 11,850 1,368 32,395 — 45,613 39,519 Other ordinary incoming resources Gift Aid 18,731 — 5,300 — 24,031 20,834 Gift Aid Small Donation Scheme 701 — — — 701 492 Fees PCC 3,855 — — — 3,855 2,142 Other PCC fees — — — — — 213 Salary contribs to Worship Director — — 9,600 — 9,600 3,984 Contribs to Social Events — — — — — 543 Other income 3,915 — — — 3,915 104 Wiltshire Hist Churches Ride & Stride — — — — — 345 Total 27,202 — 14,900 — 42,102 24,271 Income from ancillary trading Photocopying income 898 — — — 898 673 Church Hall lettings — 6,542 — — 6,542 8,400 Total 898 6,542 — — 7,440 9,074 Income from investments Interest income, net of bank charges (72) — 3 — (69) 41 Dividend income 1,043 — 804 — 1,847 1,792 |
|---|---|
| — 6,542 — — 6,542 8,400 |
|
| 898 6,542 — — 7,440 9,074 (72) — 3 — (69) 41 |
|
| 1,043 — 804 — 1,847 1,792 |
|
| Total | 971 — 807 — 1,778 1,833 |
| INCOME TOTAL | 118,268 7,910 50,089 — 176,267 148,779 |
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EXPENDITURE
| EXPENDITURE | ||||||
|---|---|---|---|---|---|---|
| Total | ||||||
| Unrestricted | Designated | Restricted | ||||
| Endowment 2021 | 2020 | |||||
| Church ministry and services | ||||||
| Parish Share | 74,282 | — | — | — | 74,282 | 73,163 |
| Clergy transport | 321 | — | — | — | 321 | 199 |
| Clergy telephone | 519 | — | — | — | 519 | 367 |
| Clergy Hospitality | 304 | — | — | — | 304 | 102 |
| Clergy stationery | 100 | — | — | — | 100 | 674 |
| Clergy study books and courses | 563 | — | — | — | 563 | 330 |
| Clergy computer expenses | 211 | — | — | — | 211 | 585 |
| Clergy service fees | — | — | — | — | — | 69 |
| Music | 540 | — | — | — | 540 | 388 |
| Junior Church & Creche | 134 | — | — | — | 134 | 279 |
| Local Outreach | 1,757 | — | — | — | 1,757 | 148 |
| Gifts to volunteers | 169 | — | — | — | 169 | 231 |
| Resources for Church & Home | 910 | — | — | — | 910 | — |
| Groups | ||||||
| Upkeep of services | 2,386 | — | — | — | 2,386 | 2,089 |
| Church routine maintenance | 2,670 | — | — | — | 2,670 | 267 |
| Refreshments and Social Events | 112 | — | — | — | 112 | 463 |
| Other sundry expenses | 1,834 | — | — | — | 1,834 | 1,508 |
| Total | 86,812 | — | — | — | 86,812 | 80,869 |
| Expenditure on specifed projects | ||||||
| Worship Director | — | — | 17,943 | — | 17,943 | 5,121 |
| Free meals (LMKM) | — | — | 20,445 | — | 20,445 | 7,467 |
| Total | — | — | 38,388 | — | 38,388 | 12,589 |
| Church management and administration | ||||||
| Church caretaker pay | 3,570 | — | — | — | 3,570 | 2,563 |
| Church utilities | 4,861 | — | — | — | 4,861 | 2,647 |
| Church Insurance | 2,520 | — | — | — | 2,520 | 3,192 |
| Team Ofce staf pay | 12,258 | — | — | — | 12,258 | 13,961 |
| Team Ofce supplies | 1,609 | — | — | — | 1,609 | 1,091 |
| Independent Examination fee | 400 | — | — | — | 400 | 882 |
| Team Ofce tel, broadband & | 828 | — | — | — | 828 | 992 |
| website | ||||||
| Printer/Copier charges | 1,863 | — | — | — | 1,863 | 1,339 |
| Total | 27,909 | — | — | — | 27,909 | 26,671 |
| Church Hall Expenditure | ||||||
| Hall- utilities | — | 2,019 | — | — | 2,019 | 2,846 |
| Hall-maintenance,cleaning & | — | 2,399 | — | — | 2,399 | 2,291 |
| repairs | ||||||
| Hall-building work | — | — | — | — | — | 343 |
| Hall-Caretaker pay | — | 3,830 | — | — | 3,830 | 2,705 |
| Hall-Bookings Manager | — | 1,219 | — | — | 1,219 | 942 |
| Total | — | 9,467 | — | — | 9,467 | 9,129 |
| Grants & specifed receipts | and collections | |||||
| Pay specifed receipts | 11,850 | — | — | — | 11,850 | — |
| Total | 11,850 | — | — | — | 11,850 | — |
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| Grants & specifed receipts Mission Fund giving Total Other expenditure Depreciation of fxed assets Church maintenance (Fabric Fund) Bellringer fund expenditure Cadley Churchyard maintenance |
and collections - Mission Giving |
|---|---|
| — 10,575 — — 10,575 10,250 |
|
| — 10,575 — — 10,575 10,250 — 246 — — 246 245 — — — — — 951 — 453 — — 453 48 |
|
| — — 700 — 700 722 |
|
| Total | — 699 700 — 1,399 1,966 |
| EXPENDITURE TOTAL | 126,571 20,741 39,088 — 186,400 141,474 |
| GRAND TOTAL | (8,303) (12,831) 11,001 — (10,133) 7,305 |
| Staf Costs | **Year to ** | |
|---|---|---|
| Year to | ||
| 31 Dec 2021 | 31 Dec | |
| 2020 | ||
| £ |
£ | |
| Salaries (including employers NI), pension contributions | 34,362 | |
| 26,197 |
The number of persons employed by the charity during the year was 5
Employed staff roles in 2021 were: Team administrator, Church/church hall caretaker (2 individuals each working in both Church and church hall), Church hall booking secretary, and Worship director.
No trustees received remuneration except for the Rector Christopher Smith who received a priests stipend
from the Diocese of Salisbury, the cost of which is financed out of the Diocesan share, as a cost of Church ministry.
The costs of short term employee benefits are recognised as a liability and an expense. The cost of any
unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.
Trustees are reimbursed for expenses incurred on behalf of the PC 2021 2020
The number of trustees who were reimbursed was 4 1 The total amount reimbursed was: 4,088 2,239
The expenses reimbursed were: mileage, travel, hospitality and catering, telephone, broadband,
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study courses, prayer materials, stationery, office expenses, small gifts (not exceeding £50 each), garden waste collection, licences, Christmas service date cards.
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| TANGIBLE FIXED ASSETS |
TANGIBLE FIXED ASSETS |
TANGIBLE FIXED ASSETS |
TANGIBLE FIXED ASSETS |
TANGIBLE FIXED ASSETS |
||||
|---|---|---|---|---|---|---|---|---|
| Ofce Equipment Computer Equipment |
Total | |||||||
| £ |
£ | £ | ||||||
| COST | ||||||||
| At 1 January 2021 17,762 |
982 | 18,744 | ||||||
| Additions | - | - | ||||||
| Disposals (None) | - | - | - | |||||
| At 31 December 2021 17,762 |
982 | 18,744 | ||||||
| DEPRECIATION | _____ | ______ | ______ | |||||
| At 1 January 2021 17,762 |
581 | 18,343 | ||||||
| Charge for the year | 246 | 246 | ||||||
| Disposals (None) | - | - | - | |||||
| At 31 December 2021 17,762 |
827 | 18,589 | ||||||
| NET BOOK VALUE | ______ | ______ | ______ | |||||
| At 31 December 2021 0 |
155 | 155 | ||||||
| At 1 January 2021 | _____ 0 |
______ 401 |
______ 401 |
|||||
| _____ | ______ | ______ | ||||||
| INVESTMENTS | Market | No of | ||||||
| Value | Shares | Cost | Bid price | |||||
| At 1 January 2021 | £ | £ | £ |
|||||
| CBF Investment Fund (Acc) | 38,27 9 |
771 21,294 |
49.6199 | |||||
| CBF Global Equity Fund (Inc) | 37,46 8 14,223 22,974 |
2.6343 | ||||||
| CBF Investment Fund (Inc) at Diocese (Cadley Churchyard | ) |
27,66 4 1,353 3,094 |
20.4467 | |||||
| __ ____ |
||||||||
103,41 1 47,362 |
||||||||
| Changes to 31 December 2021 | ||||||||
| CBF Investment Fund(Acc)- revalue 31-Dec(unrealisedgain) 6,714 |
58.3233 | |||||||
| CBF Global EquityFund(Inc)- revalue 31-Dec(unrealisedgain) 6,070 |
3.0611 | |||||||
| CBF Investment Fund (Inc) (Sav/ChCh) - revalue 31-Dec (unrealised gain) 3,978 |
23.3867 | |||||||
| __ ____ |
||||||||
At 31 December 2021 120,173 47,362 |
||||||||
| __ ____ |
||||||||
Comprising: |
||||||||
| CBF Investment Fund (Acc) 44,993 771 21,294 |
58.3233 |
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| CBF Global Equity Fund (Inc) 43,538 14,223 22,974 |
CBF Global Equity Fund (Inc) 43,538 14,223 22,974 |
CBF Global Equity Fund (Inc) 43,538 14,223 22,974 |
3.0611 |
|---|---|---|---|
| CBF Investment Fund (Inc) at Diocese (Cadley Churchyard) 31,642 1,353 3,094 |
23.3867 | ||
| ______ | ______ | ||
| At 31 December 2021 120,173 |
47,362 | ||
| ______ | ______ | ||
| Income Accruals and Debtors | 31 Dec 21 |
||
| Amounts falling due within one year: | £ | ||
| Gift aid recoverable - Main Fund | 1,664 | ||
| Gift aid recoverable – Specifed funds 466 |
|||
| Photocopying charges outstanding (St George's and St John the Baptist) |
595 | ||
| Anglican fees October to December | 1,095 | ||
| Contributions to admin costs Other debtors incl prepayments |
1,999 1,866 |
||
| ______ | |||
| 7,685 | |||
| ______ | |||
| Expense Accruals and Creditors | 31 Dec 21 |
||
Amounts due within one year: |
£ | ||
| Accounts Independent Examination | 400 | ||
| Employment costs outstanding | 586 | ||
| Specifc income to be paid out 90 |
|||
| Others (incl electricity, printer charges, Cadley Churchyard maintenance) 1,861 |
|||
| Christmas expenses 462 |
|||
| Mission Giving |
|||
| ______ |
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| ANALYSIS OF NET ASSETS BY FUND |
ANALYSIS OF NET ASSETS BY FUND |
ANALYSIS OF NET ASSETS BY FUND |
ANALYSIS OF NET ASSETS BY FUND |
|||
|---|---|---|---|---|---|---|
| Unrestrict ed Restricte d Endowme nt |
Total | Total | ||||
| STATUTORY FORMAT | Funds | Funds | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | £ | ||
| The Main Fund 12,540 |
12,54 0 |
31,38 9 |
||||
| Fabric Fund 35,000 |
35,00 0 |
35,00 0 |
||||
| Youth and Family Worker 19,256 |
19,25 6 |
19,10 4 |
||||
| Mission Fund - |
- | 1,842 | ||||
| Worship Director 10,596 |
10,59 6 |
8,375 | ||||
| Love Marlborough Kids Meals 5,632 |
5,632 | 8,822 | ||||
| Organ restoration fund 37,738 |
37,73 8 |
25,67 4 |
||||
| General Reserves 75,451 |
75,45 1 |
61,99 5 |
||||
| Church Hall funds | 8,230 | 8,230 | 11,15 6 |
|||
| Bellringers' Fund (Bank + Cash in Hand) |
774 | 774 | 1,183 | |||
| Cadley Churchyard Investment Fund |
31,642 |
31,64 2 |
27,66 4 |
|||
| Cadley Churchyard Deposit Fund |
6,335 | 6,335 | 6,227 | |||
| ______ | ______ | ______ | ______ | ______ | ||
| 131,995 79,557 31,642 |
243,1 94 |
236,6 05 |
||||
| ______ | ______ | ______ | ______ | ______ | ||
| Comprising: | ||||||
| Fixed Assets | 155 | 155 | 401 | |||
| Investments 88,531 |
31,642 |
120,1 73 |
103,4 11 |
|||
| Current Assets - Debtors 7,220 |
466 | 7,686 | 6,121 | |||
| Current Assets - Short term deposits 5, 151 |
6,335 | 11,48 6 |
11,37 5 |
|||
| Current Assets - Cash at bank and in hand 33,712 73.381 |
107,0 93 |
128,3 38 |
||||
| Current Liabilities - Creditors & Accruals (2,774) |
(625) | (3,39 9) (14,46 4) |
||||
| ______ | ______ | ______ | ______ ______ |
|||
| 131,995 79,557 31,642 |
243,1 94 236,6 05 |
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