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 **----- Start of picture text -----**
Marlborough
Anglican Team
‘ Making Jesus Known’
**----- End of picture text -----**
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) _Page 3_ 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 _Page 4_ 2021. 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_ _Page 5_ _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)** _Page 6_ Page 7 ## **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** _Page 8_ ## **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. …………………………………………… _Page 9_ 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**| _Page 10_ ||| |---|---| |**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**| ||| ||| ||| _Page 11_ ## **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**| ||| _Page 12_ 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 _Page 13_ **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. _Page 14_ ## 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. _Page 15_ 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. _Page 16_ ## **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| _Page 17_ ## **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|—| _Page 18_ |**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, _Page 19_ study courses, prayer materials, stationery, office expenses, small gifts (not exceeding £50 each), garden waste collection, licences, Christmas service date cards. _Page 20_ ||**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| _Page 21_ |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
|||| |**______**|||| _Page 22_ |**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||| _Page 23_ Page 24