| Page | ||
|---|---|---|
| Trustees annual report | 3-6 | |
| Independent examiners |
report | |
| Statement ofFinancial | Activities | |
| Balance sheet | ||
| Notes to the accounts | 10-16 |
| CC members | who have served from 1"January | who have served from 1"January | 2022 until th |
|---|---|---|---|
| Rector: | Revd Tim Gleghorn [ChairJ |
||
| Curate | Revd Fran Youings (resigned 26 | June 2022) | |
| IFardens: | Alastair Gibson | ||
| Rebecca Armstrong | |||
| Elected | |||
| members | David Chambers (appointed 10April 2022) |
||
| Dan Darwin | |||
| Melanic Wortham (resigned 10April 2022) |
|||
| Mike Banner (resigned | 10April | 2022) | |
| Brenda Carter | |||
| Laura Gracey (resigned | 10April | 2022) | |
| Amanda Aston (resigned 19February 2023) |
|||
| Catherine Harrison-Smith [PCC |
Secretary' | ||
| Independent | Joshua Kingston BScACA | ||
| Examiner: | Burton Sweet Limited, | Chartered | Accountants |
| The Clock Tower | |||
| 5 Farleigh Court | |||
| Old Weston Road | |||
| Flax Bourton | |||
| Bristol | |||
| BS481UR | |||
| Bankers: | National Westminster Bank Plc |
||
| W'ebsi te: | www. stswithinswalcot. | org.uk |
| For the year end | ed 31 | December 2022 | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | TOTAL | TOTAL | ||||
| Notes | funds | funds | funds | 2022 | 2021 | |||
| INCOME AND ENDOWMENTS FROM: | ||||||||
| Donations | 2a, 14a | 168,005 | 168,005 | 162,595 | ||||
| Investments | 2b, 14b | 1,783 | 4,647 | 6,430 | 5,614 | |||
| Church activities | 2c, 14c | 25,388 | 25,388 | 11,083 | ||||
| TOTAL INCOME | 195,176 | 4,647 | 199,823 | 179,292 | ||||
| EXPENDITURE ON: | ||||||||
| Church activities: | ||||||||
| Donations and grants to charities |
12,586 | 12,586 | 12,380 | |||||
| Parish Share | 87,202 | 87,202 | 82,865 | |||||
| Clergy and staffing costs | 47,679 | 47,679 | 53,858 | |||||
| Building running and maintenance |
costs | 30,671 | 8,317 | 38,988 | 22,891 | |||
| Letting running costs |
922 | 922 | 1,233 | |||||
| Fees paid to Diocese | 766 | 766 | 598 | |||||
| Ministry and administration |
22,171 | 22,171 | 11,241 | |||||
| Other | 2,076 | 2,076 | 4,228 | |||||
| Governance -Independent |
Examiner's | fee | 1,212 | 1,212 | 1,152 | |||
| TOTAL EXPENDITURE | 205,285 | 8,317 | 213,602 | 190,446 | ||||
| NET (EXPENDITURE) BEFOREINVESTMENT GAINS | (10,109) | (3,670) | (13,779) | (11,154) | ||||
| NET (LOSSES)/GAINS ON INVESTMENTS | (5,761) | (5,761) | 6,210 | |||||
| NET (EXPENDITURE) AND NET MOVEMENT IN FUNDS | (15,870) | (3,670) | (19,540) | (4,944) | ||||
| Total funds brought forward |
9,12 | 257,329 | 17,551 | 9,051 | 283,931 | 288,875 | ||
| Total funds carried forward | 241 459 | 13881 | 9051 | 264 391 | 283 931 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | ||||
| FIXEDASSETS | ||||
| Tangible fixed assets | 3,649 | 4,865 | ||
| Investments | 43,181 | 48,942 | ||
| 46,830 | 53,807 | |||
| CURRENT ASSETS | ||||
| Debtors and prepayments | 98,041 | 77,348 | ||
| Short term deposits | 52,283 | 46,199 | ||
| Cash and bank | 79,788 | 113,887 | ||
| 230,112 | 237,434 | |||
| LIABILITIES | ||||
| Creditors - amounts | falling due within one year | 8 | (12,551) | (7,310) |
| 217,561 | 230,124 | |||
| TOTAL NET ASSETS | 264 391 | 283 931 | ||
| PARISH FUNDS | 10, 13 | |||
| Unrestricted | 241,459 | 257,329 | ||
| Restricted | 13,881 | 17,551 | ||
| Endowment | 9,051 | 9,051 | ||
| 264 391 | 283 931 |
| 2 | Income from: | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | TOTAL | TOTAL | ||||
| funds | funds | funds | 2022 | 2021 | ||||
| a | Donations | |||||||
| Planned giving |
104,669 | 104,669 | 100,607 | |||||
| One-off gifts | 11,875 | 11,875 | 8,828 | |||||
| Gilt Aid recovered | 21,120 | 21,120 | 23,718 | |||||
| Collections | 1,010 | 1,010 | 1,750 | |||||
| Grant income | 20,118 | 20,118 | 26,537 | |||||
| Other voluntary | income | 540 | 540 | 1,155 | ||||
| Legacies | 8,673 | 8,673 | ||||||
| 168,005 | 168,005 | 162,595 | ||||||
| b | Income from investments | |||||||
| Dividends | 1,421 | 4,144 | 5,565 | 5,523 | ||||
| Interest | 362 | 503 | 865 | 91 | ||||
| 1,783 | 4,647 | 6,430 | 5,614 | |||||
| c | Church activities | |||||||
| Letting ofChurch buildings | 15,735 | 15,735 | 9,473 | |||||
| Residential | events | 6,545 | 6,545 | |||||
| Fees paid to | the | PCC | 2,187 | 2,187 | 1,446 | |||
| Other income | 921 | 921 | 164 | |||||
| 25,388 | 25,388 | 11,083 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Churches Ministry |
among Jewish People | 736 | 1,200 | |
| Crosslinks | 500 | |||
| OMF | 1,160 | 1,740 | ||
| Church Mission Society | 2,540 | 1,740 | ||
| Tearfund | 1,236 | 1,200 | ||
| Wycliffe Bible Transistors | 736 | 1,200 | ||
| Children's Homes in India Trust |
2,300 | 1,200 | ||
| The Warehouse | 2,400 | 1,200 | ||
| Grants to individuals | 800 | 1,200 | ||
| Genesis Trust | 678 | 1,200 | ||
| 12,586 | 12,380 | |||
| Staff costs | ||||
| 2022 | 2021 | |||
| Wages and salaries | 42,536 | 52,078 | ||
| Social Security costs | 1,069 | |||
| Pension contribution | 3,437 | 2,166 | ||
| 45,973 | 55,313 |
| Fixed Assets | Fixtures, | ||||||
| fittings and | |||||||
| equipment | |||||||
| Cost | |||||||
| At 31December 2021 | and 31December 2022 | 13,342 | |||||
| Depreciation | |||||||
| At 31December 2021 | 8,477 | ||||||
| Depreciation | 1,216 | ||||||
| At 31December 2022 | 9,693 | ||||||
| Net book value | |||||||
| At 31December 2022 | 3649 | ||||||
| At 31December 2021 | 4,865 | ||||||
| Investments | |||||||
| 2022 | 2021 | ||||||
| Opening Market value | 48,942 | 42,732 | |||||
| Net (loss)/gain | on revaluation | (5,761) | 6,210 | ||||
| Closing Market | value | 43 181 | 48 942 | ||||
| Investments are |
held in the UK. Unrestricted | Funds are held as shares in the CBFInvestment | Fund. | ||||
| Debtors | |||||||
| 2022 | 2021 | ||||||
| Tax recoverable | 97,301 | 76,181 | |||||
| Letting income | 740 | 497 | |||||
| Other debtors | 670 | ||||||
| 98 041 | 77 348 | ||||||
| Creditors - amounts | falling due within one | year | |||||
| 2022 | 2021 | ||||||
| Accruals | 12,551 | 7,310 | |||||
| 12551 | 7310 |
| Bal b/fwd | Income | Expenditure | Bal c/fwd | |||||
|---|---|---|---|---|---|---|---|---|
| I/I/22 | &gains | &losses | Transfer | 31/12/22 | ||||
| Unrestricted | ||||||||
| PCC general | Fund | 238,329 | 195,176 | (211,046) | 222,459 | |||
| Buildings maintenance |
designated | fund | 19,000 | 19,000 | ||||
| 257,329 | 195,176 | (211,046) | 241,459 | |||||
| Restricted | ||||||||
| Overseas Mission | 13,881 | 13,881 | ||||||
| St Swithins | Building | Fund | 3,670 | 4,647 | (8,317) | |||
| 17,551 | 4,647 | (8,317) | 13,881 | |||||
| Endowment | ||||||||
| Monument Fund |
9,051 | 9,051 | ||||||
| Total Funds | 283 931 | 199823 | 219363 | 264 391 |
| Summary ofassets by fund | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | ||
| Funds | Funds | Funds | Total 2022 | |
| Tangible fixed assets | 3,649 | 3,649 | ||
| Investment fixed assets |
43,181 | 43,181 | ||
| Current assets | ||||
| Debtors and prepayments | 98,041 | 98,041 | ||
| Short term deposits | 43,232 | 9,051 | 52,283 | |
| Cash and bank | 65,907 | 13,881 | 79,788 | |
| Liabilities | ||||
| Amounts falling due in one year |
(12,551) | (12,551) | ||
| 241 459 | 13881 | 9051 | 264 391 |
| Prior period SOFA | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | TOTAL | ||
| funds | funds | funds | 2021 | ||
| INCOME AND ENDOWMENTS FROM: | |||||
| Donations | 162,595 | 162,595 | |||
| Income from investments | 1,587 | 4,027 | 5,614 | ||
| Church activities | 11,083 | 11,083 | |||
| TOTAL INCOME | 175,265 | 4,027 | 179,292 | ||
| EXPENDITURE ON: | |||||
| Church activities: | |||||
| Donations and grants to charities |
12,380 | 12,380 | |||
| Parish Share | 82,865 | 82,865 | |||
| Clergy and staffing costs | 43,724 | 10,134 | 53,858 | ||
| Building running and maintenance |
costs | 19,889 | 3,002 | 22,891 | |
| Cafe and letting running costs |
1,233 | 1,233 | |||
| Fees paid to Diocese | 598 | 598 | |||
| Ministry and administration |
11,241 | 11,241 | |||
| Other | 4,228 | 4,228 | |||
| Governance | 1,152 | 1,152 | |||
| TOTAL EXPENDITURE | 177,310 | 13,136 | 190,446 | ||
| NET (EXPENDITURE) BEFOREINVESTMENT GAINS | (2,045) | (9,109) | (11,154) | ||
| NET GAINS ON INVESTMENTS | 6,210 | 6,210 | |||
| NET (EXPENDITURE) AND NET MOVEMENT IN FUNDS | 4,165 | (9,109) | (4,944) | ||
| Total funds brought forward |
253,164 | 26,660 | 9,051 | 288,875 | |
| Total funds carried forward | 257 329 | 17551 | 9051 | 283 931 |
| 12 | Prior year | movement | in funds | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Bal b/fwd | Income | Expenditure | Bal c/fwd | ||||||
| 1/1/21 | &gains | &losses | Transfer | 31/12/21 | |||||
| Unrestricted | |||||||||
| PCC general Fund | 234,164 | 181,475 | (177,310) | 238,329 | |||||
| Buildings maintenance |
designated | fund | 19,000 | 19,000 | |||||
| 253,164 | 181,475 | (177,310) | 257,329 | ||||||
| Restricted | |||||||||
| Worship Pastor | 10,134 | (10,134) | |||||||
| Overseas Mission | 13,881 | 13,881 | |||||||
| St Swithins | Building Fund | 2,645 | 4,027 | (3,002) | 3,670 | ||||
| 26,660 | 4,027 | (13,136) | 17,551 | ||||||
| Endowment | |||||||||
| Monument | Fund | 9,051 | 9,051 | ||||||
| Total Funds | 288 875 | 185502 | 190446 | 283 931 | |||||
| 13 | Prior year | summary ofassets by |
fund | ||||||
| Unrestricted | Restricted | Endowment | |||||||
| Funds | Funds | Funds | Total 2021 | ||||||
| Tangible fixed assets | 4,865 | 4,865 | |||||||
| Investment | fixed assets | 48,942 | 48,942 | ||||||
| Current assets | |||||||||
| Debtors and prepayments | 77,348 | 77,348 | |||||||
| Short term deposits | 37,148 | 9,051 | 46,199 | ||||||
| Cash and | bank | 96,336 | 17,551 | 113,887 | |||||
| Liabilities | |||||||||
| Amounts | falling due | in one year | (7,310) | (7,310) | |||||
| 257 329 | 17551 | 9051 | 283 931 |