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|||Page|
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|Trustees annual report||3-6|
|Independent
examiners|report||
|Statement ofFinancial|Activities||
|Balance sheet|||
|Notes to the accounts||10-16|
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|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||
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|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|
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||||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|
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|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|
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|||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|
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|||||||||
|---|---|---|---|---|---|---|---|
|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|
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|||||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|
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|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|
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|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|
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|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|
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