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4 



## **Parochial Church Council Of St Austell** 

|**Statement Of Financial Activities**<br>_for the Year ended 31st December 2021_<br>**Note**<br>Incoming Resources<br>Donations and Legacies<br>2(a)<br>Charitable Activities<br>2(b)<br>Other Trading Activities<br>Investment Income<br>2(c)<br>Total Incoming Resources<br>Resources Used<br>Church Activities<br>3(a)<br>Trinity Centre Refurbishment **<br>3(b)<br>Transforming Mission - Provisioning Exp - Equip. etc.**<br>3(b)<br>Total Resources Expended<br>Net Outgoing/Incoming Resources<br>(Before Other Recognised Gains and Losses)<br>(Loss)/Gains on Investments ref. mkt value @ 31-12-2021<br>5(b)<br>Net Income/(Expenditure)<br>Transfers Between Funds<br>**Other Recognised Gains/(Losses)**<br>Capitalised Expenditure **<br>3(b)<br>Gains and Losses on Revaluation of Property<br>Other Gains/(losses)<br>Net Movement In Funds<br>Reserves - Balances B/Fwd At 1st January 2021<br>Reserves - Balances C/Fwd At 31st December 2021<br>_Memo - Of Which The Revaluation Reserve is -_<br>Balance Sheet as at 31st December 2021<br>_Note_<br>Fixed Assets<br>Tangible Fixed Assets<br>5(a)<br>Investment Assets<br>5(b)<br>Current Assets<br>Debtors<br>6<br>Cash At Bank & In-Hand<br>Liabilities; Creditors; Amounts Falling Due Within 1 Year<br>7(a)<br>Net Current Assets<br>Creditors - Amounts falling Due Over 1 year<br>7(b)<br>Net Assets<br>Funds<br>Endowment<br>9<br>Restricted<br>8<br>Unrestricted<br>9<br>Revaluation Reserve<br>9||**Unrestricted**<br>**Funds**<br>**£**<br>159,032<br>15,659<br>205<br>2,757||**Restricted**<br>**Funds**<br>**£**<br>334,287<br>75,842<br>1,194<br>411,323<br>411,323<br>140,573<br>1,015,524<br>1,156,097<br>(744,774)|**Endowment**<br>**Funds**<br>**£**<br>13,534||**Total Funds**<br>**2021**<br>**£**<br>493,319<br>91,501<br>205<br>3,951|**Total Funds**<br>**2020**<br>£<br>397,008<br>40,626<br>4,236|
|---|---|---|---|---|---|---|---|---|
|||177,653<br>195,115<br>2,737|||||588,976<br>335,688<br>1,015,524<br>2,737|441,870<br>216,840<br>26,751<br>1,607|
|||197,852|||||1,353,949|245,198|
|||(20,199)|||||(764,973)<br>13,534|196,672<br>6,060|
|||(20,199)<br>(144,283)<br>**_2,737_**<br>94,157||(744,774)<br>144,283<br>1,015,524|13,534||(751,439)<br>1,018,261<br>94,157|202,732<br>28,358|
|||(67,588)<br>416,099||415,033<br>378,421|13,534<br>104,378||360,979<br>898,898|231,090<br>667,808|
|||348,511||793,454|117,912||1,259,877|898,898|
|||_137,105_|||||_137,105_|_187,231_|
|||||**2021**<br>**£**<br>1,511,015<br>117,912<br>1,628,927<br>72,859<br>112,155<br>185,014<br>(124,064)<br>60,950<br>(430,000)<br>1,259,877<br>117,912<br>793,454<br>211,406<br>137,105<br>1,259,877|||**2,020**<br>**£**<br>553,853<br>104,378<br>658,231<br>65,072<br>206,641<br>271,713<br>(31,046)<br>240,667<br>898,898<br>104,378<br>378,421<br>228,868<br>187,231<br>898,898||
||||||||||
||||||||||
||||||||||
|||||1,259,877|||898,898||
||||||||||
|||||1,259,877|||898,898||



5 



**Parochial Church Council Of St Austell** 

## **Statement Of Financial Activities** 

## **for the Year ended 31st December 2021** 

## **Notes Con't** 

2. Incoming Resources 

|2(a) Voluntary Income<br>Planned Giving - Covenant<br>Tax Recoverable<br>Collections<br>TM Funding - Parish Contr'n<br>Other Grants Received<br>Donations, Appeals Etc<br>Legacies<br>2(b) Charitable Activities<br>Missional Grants (Incl. TM Funding)<br>Fund Raising<br>Revenue from Sales of Books, Cards and Magazines etc.<br>Add:-<br>Income From Other Qualifying Church Activities<br>Rental incl Wayleaves<br>Income from Church Hall Site<br>Fees<br>Total Income From Charitable Activities<br>2(c) Income From Investments<br>Dividends<br>Interest<br>**Total Incoming Resources**<br>**3(a) Church Activities- Ordinary Expenditure**<br>Missionary and Charitable Giving<br>Transforming Mission Parish Contribution<br>Ministry : Diocesan Quota<br>Clergy Costs<br>Parish Training & Mission Resources<br>Other Ministry Costs<br>Church :- Running & Maintenance<br>Upkeep Of Services<br>Depreciation of Equipment<br>Organist<br>Trinity Car Park<br>Children & Youth Expenditure<br>Church Fabric (Incl. Re-ordering)<br>Trinity Centre - Consultancy/Costs of Fund raising)<br>Staff Costs & Honorarium<br>Telephone & Broadband<br>Property Costs - Church Office<br>Property Costs - Trinity Centre<br>General Office Expenses<br>Miscellaneous<br>Loan Interest<br>Bank Charges<br>Other Property Costs<br>**Total Ordinary (Operating) Expenditure**<br>**Net Surplus/Deficit on Ordinary Activities**<br>**Transfers Between Funds**<br>**3(b) Other Expenditure/Fund Movements**<br>Other Gains/(losses) - Sale of School Room, Porthpean<br>Trinity Centre - Refurbishment Expenditure**<br>Trans. Mission - Provisioning Assets (e.g. I.T & Media Eq.)**<br>Capital Additions** (Trf to B'sheet)<br>**Net Movement in Funds**||**_Unrestricted_**<br>**_Funds_**<br>**2020**<br>**_Comparitive_**<br>_129,842_<br>_25,667_<br>_3,129_<br>_3,512_<br>_500_|**Unrestricted**<br>**Restricted**<br>**Restricted**<br>**Restricted**<br>**Funds**<br>**Funds**<br>**Funds**<br>**Funds**<br>**Tr'form'g. Miss.**<br>**( Tr. Centre)**<br>**(Fabric & Other)**<br>**2021**<br>**£**<br>**£**<br>**£**<br>128,683<br>26,073<br>32,099<br>2,441<br>14,674<br>167<br>96,309<br>1,668<br>191,205|**Total Funds**<br>**2021**<br>**£**<br>128,683<br>58,172<br>2,441<br>14,674<br>96,476<br>192,873|**Total Funds**<br>**2020**<br>**£**<br>129,842<br>48,401<br>3,129<br>3,045<br>1,975<br>165,146<br>45,470|
|---|---|---|---|---|---|
|||162,650<br>_24_|159,032<br>14,674<br>319,613<br>75,842<br>205|493,319<br>75,842<br>205|397,008<br>24,282<br>24|
|||_24_<br>_7,832_<br>_7,458_<br>_1,030_|205<br>75,842<br>3,607<br>8,088<br>3,964|76,047<br>3,607<br>8,088<br>3,964|24,306<br>7,832<br>7,458<br>1,030|
|||_16,320_|15,659|15,659|16,320|
|||_16,344_<br>_2,695_<br>_75_|15,864<br>75,842<br>2,744<br>13<br>1,194|91,706<br>2,744<br>1,207|40,626<br>2,695<br>1,541|
|||_2,770_|2,757<br>1,194|3,951|4,236|
|||**_181,764_**<br>_4,465_<br>_3,045_<br>_98,357_<br>_898_<br>_1,153_<br>_553_<br>_18,158_<br>_1,245_<br>_5,053_<br>_745_<br>_1,111_<br>_471_<br>_200_<br>_19,546_<br>_1,338_<br>_14,487_<br>_3,585_<br>_3,743_<br>_1,224_<br>_1,466_<br>_120_<br>_300_|**177,653**<br>**90,516**<br>**319,613**<br>**1,194**<br>20<br>14,674<br>98,356<br>344<br>1,155<br>206<br>703<br>182<br>19,545<br>1,871<br>3,288<br>2,759<br>784<br>1,325<br>1,593<br>34,245<br>4,423<br>29,292<br>87,873<br>1,083<br>14,419<br>9,518<br>3,611<br>662<br>500<br>1,195<br>196<br>1,866|**588,976**<br>20<br>14,674<br>98,356<br>344<br>1,361<br>885<br>21,416<br>3,288<br>2,759<br>784<br>1,325<br>35,838<br>4,423<br>117,165<br>1,083<br>14,419<br>9,518<br>4,273<br>500<br>1,195<br>196<br>1,866|**441,870**<br>4,465<br>3,045<br>98,357<br>898<br>1,617<br>553<br>21,197<br>1,245<br>5,053<br>745<br>1,111<br>471<br>774<br>4,269<br>46,777<br>1,338<br>14,487<br>3,585<br>3,743<br>1,224<br>1,466<br>120<br>300|
|||_181,263_|195,115<br>90,516<br>13,941<br>36,116|335,688|216,840|
|||**_501_**<br>_28,358_|**(17,462)**<br>**305,672**<br>**(34,922)**<br>(144,283)<br>144,283<br>94,157<br>(1,015,524)|**253,288**<br>94,157<br>(1,015,524)|**225,030**<br>(26,751)<br>(1,607)<br>28,358|
|||**_28,859_**|**(67,588)**<br>**-**<br>**(565,569)**<br>**(34,922)**|**(668,079)**|**225,030**|



6 



**Parochial Church Council Of St Austell** 

## **Notes Con't** 

**4. Staff Costs Amount £** (a) Wages & Salaries 108,542 Employers National Insurance 6,873 Employers Pension Contributions 1,779 Estimate Of Average No. Of Full Time Equivalent Employees 4.2 

## (b) Payments to PCC members 

The Operations Manager is a member of the PCC and her election has neen approved by the PCC on the basis that the best interests of the PCC are being so served. The Operations Manager renumeration was £16,200 in the financial year. 

## **5. Fixed Assets** 

|5(a) Tangible<br>**Actual Deemed/Cost at 1st January**<br>Additions During The Year<br>Demolition/Disposals During The Year<br>Revaluations During The Year<br>**Balance At 1st December 2021**<br><br>**Depreciation At 1st January**<br>Charge For Year<br>Adjustments Demolition/Disposals/Reval'n During The Year<br>**Balance At 1st December 2021**<br>**Net Book Value At 31st December 2021**<br>**£1,502,733**<br>_Memo - Of Which Revaluation of Assets Accounts for -_<br>1,511,015||**Freehold**<br>**Property**<br>**£**<br>547,209<br>1,015,524<br>(60,000)<br>**2021**|**Equipment**<br>**£**<br>20,683<br>4,398<br>25,081<br>14,040<br>2,759<br>16,799<br>**£8,282**<br>**£8,282**<br>||**Freehold**<br>**Property**<br>**£**<br>520,458<br>26,751<br>**2020**|**Equipment**<br>**£**<br>20,314<br>1,607<br>(1,238)|
|---|---|---|---|---|---|---|
|||1502733.00<br>-|||547,209<br>-|20,683<br>10,226<br>5,052<br>(1,238)|
||||||-|14,040|
|||**£1,502,733**|||**£547,209**|**£6,645**|
|||_£137,105_|||_£187,231_||



The tangible assets consist of the freehold land, buildings and equipment. The freehold land and buildings comprise Trinity Lodge and the former church hall site and car park, the Trinity Centre (formerly Hop & Vine) located in St Austell. Valuation is based Open Market and these have been carried out within the last 3 years. The Revaluation Reserve gives the uplift in value from the Historic Cost. Equipment is depreciated at 25% reducing balance. Buildings are not depreciated based on assumptions of long life expectancy and high residual value. 

## **5(b) Investments - Deposit and Investment Funds** 

|Market Value 1st January<br>Unrealised investment (loss)/gain in year<br>Market value at 31st December 2021<br>Cost At 31st December 2021<br>**6 Debtors**<br>Income Tax recoverable<br>Transforming Mission Grants Receivable<br>Prepayments and Accrued Income<br>**7. Liabilities**<br>**7(a) Creditors ; Amounts falling due within one year**<br>General Creditors, Accruals and Deferred income<br>Outside Giving - Funds held for Distribution<br>Trinity Centre Construction - Creditors<br>Christians Against Poverty (CAP)|**2021**<br>**£**<br>104,378<br>13,534<br>117,912<br>13,341<br>55,377<br>13,678<br>3,804<br>72,859<br>28,142<br>7,170<br>88,752<br>10,308<br>124,064|**2,020**<br>**£**<br>98,318<br>6,060|
|---|---|---|
|||104,378|
|||13,341|
|||33,544<br>25,747<br>5,781|
|||65,072|
|||15,172<br>15,874|
|||31,046|



7 



**Parochial Church Council Of St Austell** 

## **Notes Con't** 

## **7(b) Creditors - Amounts falling Due Over 1 year** 

|Truro Diocese TM  Loan (5 Year Term Repayment 2/12/26)<br>Private Loans (Church & Trinity Project) Repayment terms 3-5 years/variable|25,000<br>405,000|
|---|---|
||430,000|



Loans are interest free. Private loans include loans from members of th PCC (Heather Batho £100,000 and Richard Rashleigh £265,000) 

## 8. Funds 

|**Restricted Funds Movement**<br>Balance at 1st January 2021<br>Incoming Resources<br>Resources Expended<br>Transfers To/From General Fund<br>Balance at 31st December 2021|**Total**<br>378,421<br>411,323|**Church**<br>**Fabric**<br>180,104<br>1,194|**Transforming**<br>**Trinity**<br>**Mission**<br>**Centre**<br>198,317<br>90,516<br>319,613|**Transforming**<br>**Trinity**<br>**Mission**<br>**Centre**<br>198,317<br>90,516<br>319,613|
|---|---|---|---|---|
||||||
||789,744<br>(140,573)<br>144,283|181,298<br>(36,116)<br>-||90,516<br>517,930<br>(90,516)<br>(13,941)<br>-<br>144,283|
||£793,454<br>£145,182|||-<br>£648,272|



|9 Analysis of net assets by Fund<br>Fixed Assets - Tangible<br>Investments<br>Current Assets<br>Current Liabilities<br>Net Current Assets<br>Creditors - Amounts falling Due Over 1 year<br>Adj. Re Fixed Asset Revaluations (Trf to Separate Reserve)<br>Fund Balance|**Unrestricted**<br>**General**<br>**Fund**<br>**£**<br>468,740<br>(125,000)|**Unrestricted**<br>**General**<br>**Fund**<br>**£**<br>468,740<br>(125,000)|**R**|**evaluation**<br>**Reserve**<br>137,105||**Fabric**<br>**Endowment**<br>**Trinity**<br>**Total Funds**<br>**Funds**<br>**Funds**<br>**Centre Redev.**<br>**Agency**<br>**2021**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>1,042,275<br>1,511,015<br>125,000<br>117,912<br>117,912<br>**<-------------------------------------------Restricted------------------------------------------->**|**Fabric**<br>**Endowment**<br>**Trinity**<br>**Total Funds**<br>**Funds**<br>**Funds**<br>**Centre Redev.**<br>**Agency**<br>**2021**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>1,042,275<br>1,511,015<br>125,000<br>117,912<br>117,912<br>**<-------------------------------------------Restricted------------------------------------------->**|**Fabric**<br>**Endowment**<br>**Trinity**<br>**Total Funds**<br>**Funds**<br>**Funds**<br>**Centre Redev.**<br>**Agency**<br>**2021**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>1,042,275<br>1,511,015<br>125,000<br>117,912<br>117,912<br>**<-------------------------------------------Restricted------------------------------------------->**|**Fabric**<br>**Endowment**<br>**Trinity**<br>**Total Funds**<br>**Funds**<br>**Funds**<br>**Centre Redev.**<br>**Agency**<br>**2021**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>1,042,275<br>1,511,015<br>125,000<br>117,912<br>117,912<br>**<-------------------------------------------Restricted------------------------------------------->**|**Fabric**<br>**Endowment**<br>**Trinity**<br>**Total Funds**<br>**Funds**<br>**Funds**<br>**Centre Redev.**<br>**Agency**<br>**2021**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>1,042,275<br>1,511,015<br>125,000<br>117,912<br>117,912<br>**<-------------------------------------------Restricted------------------------------------------->**|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||**Fabric**<br>**Funds**<br>**£**<br>125,000|**Endowment**<br>**Funds**<br>**£**<br>117,912|**Trinity**<br>**Centre Redev.**<br>**£**<br>1,042,275|**Agency**<br>**£**||
||||||||||||
|||343,740<br>59,983<br>(15,598)||||125,000<br>20,182|117,912|1,042,275<br>79,749<br>(88,752)|(19,614)|1,628,927<br>159,914<br>(123,964)|
|||44,385||||20,182||(9,003)<br>(385,000)|(19,614)|35,950<br>(405,000)|
||||||||||||
|||231,020||137,105||145,182|117,912|648,272|(19,614)|1,259,877|



10 Audit and Accountancy Fees 

Independent Examiners Fee 

**2021 2,020 £ £** 500 350 

8 



INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL
OF ST AusfELL
This report on the financial 5tstements of the PCC for the year ended 31" December 2021. which are
set out on Pages I to 4, is in re5pert of an examination carrTes out in accordan￿ with the Church
Accounting Regulations 2(￿ ('the Regulation<l and section 43 of the Charities Act 19931.the Arfl.
Respecthe Responsrblit*s of the PCC and the Examiner
As members of the PCC you are reswnsible for the preparation of the financial ststeMen￿ You
consider that the audit requirements of the Regulations and section 43(21 of the Act do not apply. It
is my ￿SpOnsIbl11ty to issue this report on those financial ststements in accordan￿ with the terms of
the Regulations.
Basis of tlds report
My examination was carried out in accordance with the General Directions given by the Charity
commission under section 4317)(bl of the Art and to be found in the Church Gumlance 2(X)6 edrtion,
issued by the Finance Division of the Archbishop￿ Council. The examination includes a review of
accounting records kept by the PCC and a cornparison of the accounts with those records. tt a150
includes considering any unusual items or disclosures in the financial sraternents and seeking
explanations from you as trustees cOn￿rning any such matters. The procedures undertaken do not
provide all the evidence that %￿Uld be required in and audit and consequently I do Rot express an
audit opinion on the view given by the Accounts.
Independert examlnerfs statenw
In connection with my examirkltion. no matter has come to my attention:
l. Whith gives me reasonable cause to believe that in ary material reSFEtt the requirements
To keep atcounting records in accordance with sertion 41 of the Act: and
to prepare financial Statements. which accord with the accounting records and
compty wrth the requirements of the Act and Regulations have not been met: or
2. To which. in my opinion. attention shoukl be drawn in order to enable a proper understsndir
of the accounts to be reached.
Tlna Kelly
Cud(00 House. Marshall Road, Nan5tallon. Bodmin. Comwall. PL30 SLD

## **Finance Report for the year ended 31[st] Dec. 2021** 

The accounts of the PCC are best viewed in two separate parts, namely those activities associated with what are termed Unrestricted Funds (funds that can be spent on any expense, routine or otherwise, that the church incurs in the course of carrying out its work) and those associated with Restricted funds (where money is specifically given and handled according to defined criteria e.g. for the maintenance of the Church’s buildings and fabric). 

## **Overview to the 2021 Accounts** 

Before proceeding with the detailed section of the report, it is worth briefly commenting on the main events and activities of the past year. The effects of the Covid19 pandemic continued to influence income in particular affecting loose plate collections which before the pandemic annually raised about £17,000, This has dropped back to £2,441 this year, nevertheless because a good proportion of the church family support the church through planned giving the impact has been less severe than it might otherwise have been - enabling the church to fulfil once more its obligation to MMF as well as ensuring continued maintenance and care of the church building and the running of the church office. Turning to progress on the Trinity Centre, I’m pleased to say that the money raised from the church family (including pledges) so far is over £512,641. A great deal of work has been accomplished on the Centre to the point where the building should be ready for fitting out by spring 2022, with the main contractors having completed their work. Finally – the Transforming Mission initiative has also progressed. The pioneer team comprising Jonny Dant, Lesley Lawther and Heather Batho has been pleased to welcome Jamie Moore (as the worship minister). The church is therefore now actively engaged in the mission objectives. On a general note, although the early years of this initiative will be mainly funded by the Diocese in partnership with the Central Board of Finance of the Church of England, our contribution will be increasing each year - on the basis that church growth will aim to provide the funding required to support the mission in the longer term. (The accounts show that our contribution to the initiative in 2021 was £14,674 (from £3,045 (in 2020) and will rise by a further 5% in the coming year) 

## **Commentary on Unrestricted Funds** 

The headline result for our principal church activities was a deficit of £17,462. 

**Income.** (Please also refer to the expanded income statement in the notes and commentary section of the accounts) 

Total income for Unrestricted Funds was £177,653. Commenting on particular items, I am pleased to report that Planned Giving £128,683 stayed almost at the same level as 2020.  The detrimental effect of Covid19 on collections has already been commented on and has affected giving in the last 2 years. General donations have also dropped in the last two years but with the focus of donations being the Trinity Centre, that it is only to be expected. Total Voluntary giving by church members including tax recovered through Gift Aid came to £159,032 (down on 2020 by £3,618. Other income (including dividends, the car park and fees) came to £18,621 against £19,114 in the previous year. 

**Expenditure** . Total expenditure on Unrestricted funds was £195,115 – an increase of £13,852 on 2020. Mostly due to extra staff costs of £9,746 and the increase in the parish’s support for TM of £11,629, - that taken with reductions in Outside Giving and a reallocation of Trinity Centre rates, offset some of the effect of the increases. 

Remarking on a few other specific items: -  We paid our full MMF (£98,356) to the Diocese. Outside Giving provision has regrettably had to be reduced given the prevailing deficit but in mitigation our TM contribution is mission orientated albeit more locally focussed. 

**Property Costs** The freehold land and buildings comprise Trinity Centre (formerly the Hop & Vine) Trinity Lodge together with the Church Car Park located in St Austell. Valuation is based Open Market valuations, as reviewed within the last 3 years. The Revaluation Reserve gives the uplift in value from the Historic Cost . 

During the year the Church Hall (School-room) at Porthpean was disposed of with net proceeds of £94,157 (From latest valuation not historic) 

## **Restricted Funds** 

For Restricted Funds, income normally comes from specifically designated grants, appeals and legacies. The total income came to £411,323 in 2021 of which £319,613 was money received towards the Trinity Centre and £90,516 was funding received towards Transforming Mission. 

By way of note, other sources of finance were provided by private loans towards the Trinity Project (£385,000) and £25,000 from the Diocese to provide working capital for Transforming Mission. Total expenditure on Restricted Funds was £1,156,097. The vast majority of that expenditure - £1,029,465 was incurred on the Trinity Centre (Refurbishment + Utilities, Rates & Insurance). 10 £90,516 related to Transforming Mission (staffing 



and resourcing) and finally the re-ordering in the church - reconfiguring the arrangement of pews and opening up the church naïve - cost £35,135. **Reserves Policy** 

Your PCC has agreed a Reserves policy (on the Free Reserves) of holding up to £50,000 as a Critical Reserve, and up to a further £50,000 as Discretionary Reserves (to maintain Children’s & Youth work, seed fund initiatives, provide money for new or replacement office equipment and as general contingency). At the year end the net current assets (Free Reserves) stood at £24,772 as against £12,246 at the end of 2020. Restricted Reserves which relate to the Church Fabric Fund and the Trinity Centre Fund) stood at £793,453. However, of this £125,000 is held as an internal investment loan to the General Fund which supported the initial purchase of the Trinity Centre (reduced from £150,000, £25,000 having been repaid in 2021), 

## **Investments Policy** 

Your PCC has approved an investment policy that enables program related investments where the risk has been assessed as acceptable and provided a prudent level of cash reserves are retained to cover anticipated expenditure as well as possible contingencies that may arise. A more detailed policy statement is available for inspection. This policy has allowed for the loan arrangement set in place as described in the Reserves section above. 

## **2022 Action** 

As a general objective - your PCC will continue to aim to achieve equilibrium between its income and expenditure, and maintain adequate free reserves to ensure the smooth running of the church’s financial affairs. 

A primary focus in the coming months and year will be fund raising towards completing and implementing the work required to turn the Trinity Centre into a Café, Offices and Community Hub and base from which the church staff & Pioneer Mission team will be able to successfully operate. 

On other matters, we as a church are committed to paying in full the Diocese’s MMF allocation (which in 2021 was £98,356). We aim to migrate the Parish Office to the Trinity Centre over the late spring/early summer. 

It remains only to be said that the continuing and generous support and commitment of the PCC and congregation will be essential in meeting the challenges and making the most of the exciting opportunities that lie ahead. 

Richard Rashleigh Treasurer 

11 



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