Registered Charity Number 1128278 The Parochial Church Council of the Ecclesiastical Parish of St Faith, Havant Annual Report and Statement of Financial Activities for the Year Ended 31st December 2021 faiths havant J¥ Compliant with Charity Commission Guidance on Annual Reports
| In second year ofservice | In second year ofservice | Hilary Deadman | (3' Term: October 2020to April 2023) |
|---|---|---|---|
| Bill Jones: | (3"'Term: October 2020to April 2023) | ||
| Rex Plowman: | (1"Term: October 2020to April 2023) | ||
| (Resigned February 2021) | |||
| Sue Tinney: | (1"Term: October 2020to April 2023) | ||
| Emily Ashworth | (1"Term: October 2020to April 2023) | ||
| (Resigned August 2021) | |||
| In third year ofservice | Dr Michael Fluck | (2"Term: April 2019to April 2022) | |
| Mr Nicholas Saunders | (2" Term: April 2019to April 2022) | ||
| (Resigned January 2021) | |||
| Miss Naomi Sloane | (1"Term: April 2019to April 2022) | ||
| Mrs Barbara Stearne | (3"'Term: April 2019to April 2022) | ||
| Infourth year | ofservice | Mrs Shelley Saunders | (Hon. Treasurer) (2' Term: April 2018to April 2021) |
| Main Bankers | CAF Bank, 2S Kings Hill Ave., Kings Hill, West Mailing, Kent, ME194JQ |
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| A subsidiary bank account is held at Lloyds Bank, for ease of payments. |
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| Independent | Examiner: | P J Underwood, Morris Crocker, Chartered Accountants, |
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| Station House, North | Street, Havant, Hants, PO9 1QU |
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| Church Architect | Richard Andrews, Carden 5Godfrey, 33Clerkenwell Close, London |
Signed on behalf of the PCC: Date: 21
| Unrestricted | Restricted | Endowment | Total funds | Total funds | |||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | 2021 | 2020 | |||||
| Note | 8 | 2 | 2 | 2 | |||||
| INCOIIIIE AND ENDOWMENTS | |||||||||
| FROM ~ |
|||||||||
| Donations and legacies |
2a | 106,913 | 30,134 | 137,047 | 159,560 | ||||
| Activities for generating | funds | 2b | 21,574 | 71,802 | 93,376 | 72,096 | |||
| Church activities | 2c | 38,790 | 150 | 38,940 | 43,444 | ||||
| Investment income |
2d | 52,997 | 52,997 | 51,967 | |||||
| Other income | 2e | ||||||||
| TOTAL | 220,274 | 102,086 | 322,360 | 327,067 | |||||
| EXPENDITURE ON | |||||||||
| Raising funds | 3a | 462 | 805 | 1,267 | 756 | ||||
| Church activities | 3b | 217,622 | 72,830 | 290,452 | 254,592 | ||||
| TOTAL | 218,084 | 73,635 | 291,719 | 255,348 | |||||
| Net gains/(losses) | on | investments | 8 | (82) | 6,239 | 6,157 | 4,492 | ||
| NET (EXPENDITURE)/INCOME | 2,108 | 28,451 | 6,239 | 36,798 | 76,211 | ||||
| Transfer between | funds | (3,638) | 3,638 | ||||||
| Net movement in |
funds | (1,530) | 32,089 | 6,239 | 36,798 | 76,211 | |||
| RECONCILIATION | OF | FUNDS | |||||||
| Total funds brought | forward | 76,198 | 53,597 | 457,771 | 587,566 | 511,355 | |||
| TOTAL FUNDS CARRIED FORWARD | 74,668 | 85,686 | 464,010 | 624,364 | 587,566 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | 2 | 2 | ||
| FIXEDASSETS | ||||
| Tangible fixed assets |
377,689 | 377,821 | ||
| Investments | 88,633 | 82,476 | ||
| 466,322 | 460,297 | |||
| CURRENT ASSETS | ||||
| Debtors | 9,929 | 6,678 | ||
| Cash at bank and | in hand | 158,766 | 125,667 | |
| 168,695 | 132,345 | |||
| CREDITORS | ||||
| Amounts falling due within one year |
10 | (10,653) | 5,076 | |
| NET CURRENT ASSETS | 158,042 | 127,269 | ||
| TOTAL ASSETS | LESSCURRENT | |||
| LIABILITIES | 624,364 | 587,566 | ||
| NET ASSETS | 624,364 | 587,566 | ||
| FUNDS | 16 | |||
| Unrestricted funds |
74,668 | 76,198 | ||
| Restricted funds | 85,686 | 53,597 | ||
| Endowment funds |
464,010 | 457,771 | ||
| 624,364 | 587,566 |
| 2. | INCOME FROM | Unrestricted | Restricted | Total funds | Total funds | ||
|---|---|---|---|---|---|---|---|
| funds | funds | 2021 | 2020 | ||||
| 2 | 2 | 2 | |||||
| 2a. | Donations and legacies |
||||||
| Planned giving: |
|||||||
| Gift aided stewardship | 43,990 | 43,990 | 46,109 | ||||
| Other stewardship | 8,005 | 8,005 | 601 | ||||
| Other collections at | services | 6,300 | 6,300 | 7,773 | |||
| Sundry donations | 5,411 | 500 | 5,911 | 6,298 | |||
| Donations, appeals |
etc | 2,468 | 2,468 | 6,436 | |||
| Income tax recoverable | 9,673 | - | 9,673 | 11,300 | |||
| Grants from church | institute | 15,713 | 15,713 | 15,411 | |||
| Job Retention Scheme Grants | 16,099 | 16,099 | 41,630 | ||||
| Covid Business Support Grants | 17,821 | 11,067 | 28,888 | 24,002 | |||
| 106,913 | 30,134 | 137,047 | 159,560 | ||||
| 2b. | Activities for generating funds |
||||||
| Church shop income | 20,845 | 20,845 | 11,416 | ||||
| Fun draising | 729 | 71,802 | 72,531 | 60,680 | |||
| 21,574 | 71,802 | 93,376 | 72,096 | ||||
| 2c. | Church activities | ||||||
| Fees | 3,086 | 3,086 | 2,199 | ||||
| Lettings of Church, | Church House, Church | Hall | 35,704 | 150 | 35,854 | 41,245 | |
| and Coach House | |||||||
| 38,790 | 150 | 38,940 | 43,444 | ||||
| 2d. | Investment income |
||||||
| Dividends and interest |
2,318 | 2,318 | 2,452 | ||||
| Property rent |
50,679 | 50,679 | 49,515 | ||||
| 52,997 | 52,997 | 51,967 | |||||
| 2e. | Other income | ||||||
| Other income | |||||||
| TOTAL | 220,274 | 102,086 | 322,360 | 327,067 |
| 3. | EXPENDITURE ON | Unrestricted | Restricted | Total funds | Total funds | |||||||||||
| funds | funds | 2021 | 2020 | |||||||||||||
| 6 | 2 | 6 | ||||||||||||||
| 3a. | Raising | funds | ||||||||||||||
| Other fundraising costs |
462 | 805 | 1,267 | 756 | ||||||||||||
| 462 | 805 | 1,267 | 756 | |||||||||||||
| 3b. | Church | activities | ||||||||||||||
| Diocesan parish share | 57,416 | 57,416 | 57,733 | |||||||||||||
| Staff costs | ||||||||||||||||
| — | Admin staff, | organists | and caretaker | 92,077 | 16,099 | 108,176 | 113,389 | |||||||||
| Expenses | ||||||||||||||||
| — | Incumbent | expenses | including | rectory | 3,724 | 3,724 | 3,234 | |||||||||
| — | Clergy/staff | housing costs | ||||||||||||||
| - | Other staff | expenses | 1,281 | 3,895 | 5,176 | 5,517 | ||||||||||
| Support | costs | |||||||||||||||
| - | Printing | and | stationery | 1,238 | 1,238 | 1,969 | ||||||||||
| - | Office costs | 6,045 | 6,045 | 5,240 | ||||||||||||
| — | Independent | examiner's | fees | 1,554 | 1,554 | 1,410 | ||||||||||
| Church | costs | |||||||||||||||
| — | General | running | expenses | 9,019 | 52,167 | 61,186 | 32,911 | |||||||||
| - | Routine | maintenance | including | organ | ||||||||||||
| — | Music and | choir | 1,683 | 1,683 | 1,358 | |||||||||||
| Church | House and Church | Hall running | costs | 30,212 | 669 | 30,881 | 19,322 | |||||||||
| Other property running |
costs | 10,361 | 10,361 | 8,817 | ||||||||||||
| Mission | development | |||||||||||||||
| Extra parochial giving |
||||||||||||||||
| Accountancy | 2,880 | 2,880 | 3,546 | |||||||||||||
| Depreciation | 132 | 132 | 146 | |||||||||||||
| 217,622 | 72,830 | 290,452 | 254,592 | |||||||||||||
| TOTAL | 218,084 | 73,635 | 291,719 | 255,348 | ||||||||||||
| 4. | SUPPORT | COSTS | ||||||||||||||
| Total funds | Total funds | |||||||||||||||
| Management | Governance | 2021 | 2020 | |||||||||||||
| 6 | 6 | 6 | ||||||||||||||
| Printing | and | stationery | 1,238 | 1,238 | 1,969 | |||||||||||
| Office costs | 6,045 | 6,045 | 3,788 | |||||||||||||
| Independent | examiner's | fees | 1,554 | 1,554 | 1,410 | |||||||||||
| 7,283 | 1,554 | 8,837 | 7,167 | |||||||||||||
| 5. | GOVERNANCE COSTS | Total funds | Total funds | |||||||||||||
| 2021 | 2020 | |||||||||||||||
| 6 | 2 | |||||||||||||||
| Independent | examiner's | fees | 1,554 | 1,410 | ||||||||||||
| 1,554 | 1,410 |
| Unrestricted | Restricted | Endowment | ||||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | Total funds | |||||
| 2 | F | 2 | ||||||
| INCOME AND ENDOWMENTS | FROM | |||||||
| Donations and legacies |
111,494 | 48,066 | 159,560 | |||||
| Activities for generating | funds | 12,417 | 59,679 | 72,096 | ||||
| Church activities |
41,558 | 1,886 | 43,444 | |||||
| Investment income |
51,967 | 51,967 | ||||||
| Other income | ||||||||
| TOTAL | 217,436 | 109,631 | 327,067 | |||||
| EXPENDITURE ON | ||||||||
| Raising funds | 756 | 756 | ||||||
| Church activities |
180,121 | 74,471 | 254,592 | |||||
| TOTAL | 180,877 | 74,471 | 255,348 | |||||
| Net gains/(losses) | on | investments | 41 | 4,451 | 4,492 | |||
| NET INCOME/(EXPENDITURE) | 36,600 | 35,160 | 4,451 | 76,211 | ||||
| Transfer between | funds | (5,601) | 5,601 | |||||
| Net movement in |
funds | 30,999 | 40,761 | 4,451 | 76,211 | |||
| RECONCILIATION | OF | FUNDS | ||||||
| Total funds brought | forward | 45,199 | 12,836 | 453,320 | 511,355 | |||
| TOTAL FUNDS CARRIED FORWARD | 76,198 | 53,597 | 457,771 | 587,566 |
| 7. | FIXEDASSETS | ||||||
|---|---|---|---|---|---|---|---|
| Freehold | land | ||||||
| and buildings | Piano | A Frame | |||||
| COST | 2 | 2 | |||||
| At 1 January 2021 | 376,502 | 4,689 | 449 | ||||
| At 31 December 2021 | 376,502 | 4,689 | 449 | ||||
| DEPRECIATION | |||||||
| At 1 January 2021 | 3,497 | 322 | |||||
| Charge for the year | 119 | 13 | |||||
| At 31 December 2021 | 3,616 | 335 | |||||
| NET BOOK VALUE | |||||||
| At 31 December 2021 | 376,502 | 1,073 | 114 | ||||
| At 31 December 2020 | 376,502 | 1,192 | 127 | ||||
| Computer | |||||||
| PA System | Equipment | Total | |||||
| 2 | 8 | E | |||||
| COST | |||||||
| At 1 January 2021 | 1,020 | 370 | 383,030 | ||||
| At 31 December 2021 | 1,020 | 370 | 383,030 | ||||
| DEPRECIATION | |||||||
| At 1 January 2021 | 1,020 | 370 | 5,209 | ||||
| Charge for the year | 132 | ||||||
| At 31 December 2021 | 1,020 | 370 | 5,341 | ||||
| NET BOOK VALUE | |||||||
| At 31 December 2021 | 377,689 | ||||||
| At 31 December 2020 | 377,821 | ||||||
| Freehold land and buildings |
comprise the following: | ||||||
| 2021 | 2020 | ||||||
| 6 | E | ||||||
| 1 Churchfields, South Street, |
Havant | 110,000 | 110,000 | ||||
| 2 Churchfields, South Street, |
Havant | 105,000 | 105,000 | ||||
| Christ Church Bungalow, |
Rowan Road, Denvilles | 82,000 | 82,000 | ||||
| Christ Church Centre, Rowan Road, Denvilles | 79,500 | 79,500 | |||||
| The Church House, The |
Pallant | 1 | 1 | ||||
| The Church Hall, The Pallant |
1 | 1 | |||||
| 376,502 | 376,502 |
| 2020 | Unrealised | Unrealised | 2021 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Historical | Market | Gain/ | Market | ||||||||||
| Cost | Value | . | (Loss) | Value | |||||||||
| 2 | 2 | 2 | |||||||||||
| 710.53 | CBF Fixed Interest | Securities | Fund | 1,027 | 1,207 | (82) | 1,125 | ||||||
| 3,017 | CBF Fixed Interest | Securities | Fund | 4,642 | 5,116 | (339) | 4,777 | ||||||
| 12,143 | CBF Fixed Interest | Securities | Fund | 19,000 | 20,597 | (1,369) | 19,228 | ||||||
| 2,649 | CBF Investment | Fund Income | Shares | 19,000 | 54,271 | 7,764 | 62,035 | ||||||
| 62.70 | CBF Investment | Fund Income | Shares | 720 | 1,285 | 183 | 1,468 | ||||||
| 44,389 | 82,476 | 6,157 | 88,633 | ||||||||||
| Trusts and |
Bequest —The |
following | trusts are all | permanent | endowments which |
require | income | to be | |||||
| spent on the general purposes | of the | parish: | |||||||||||
| 1 &2 Churchfields Trust |
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| 57 South Street Trust | |||||||||||||
| Boyd-Richardson Trust |
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| 9. | DEBTORS | ||||||||||||
| 2021 | 2020 | ||||||||||||
| 8 | 2 | ||||||||||||
| Other debtors | 9,929 | 6,678 | |||||||||||
| 9,929 | 6,678 | ||||||||||||
| 10. | CREDITORS: AMOUNTS | FALLING | DUE | WITHIN | ONE YEAR | ||||||||
| 2021 | 2020 | ||||||||||||
| Deferred income |
1,933 | 2,593 | |||||||||||
| Other creditors | 8,720 | 2,483 | |||||||||||
| 10,653 | 5,076 |
| Deferred | Deferred | income | represents | fees received | in advance | for church services, property | rent and |
|---|---|---|---|---|---|---|---|
| church | hire. | ||||||
| 2021 | 2020 | ||||||
| Brought | forward | 2,593 | 1,032 | ||||
| Amount | released | to incoming | resources | (2,593) | (1,032) | ||
| Amount | deferred | in year | 1,933 | 2,593 | |||
| Carried | forward | 1,933 | 2,593 |
| ANALYSIS OF NE | T A | S | SE | TS B | ETWE | EN | FUNDS | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||||||
| Unrestricted | Restricted | Endowment | Total | Total | |||||||
| Funds | Funds | Funds | Funds | Funds | |||||||
| 6 | 6 | 6 | 2 | 2 | |||||||
| Fixed assets | 2,198 | 114 | 464,010 | 466,322 | 460,297 | ||||||
| Current assets | 83,123 | 85,572 | 168,695 | 132,345 | |||||||
| Current liabilities |
(10,653) | (10,653) | (5,076) | ||||||||
| 74,668 | 85,686 | 464,010 | 624,364 | 587,566 | |||||||
| MOVEMENT OF FUNDS | |||||||||||
| Net | |||||||||||
| movement | |||||||||||
| At 1.1.21 | in funds | At 31.12.21 | |||||||||
| Unrestricted funds |
|||||||||||
| General fund |
75,088 | (1,530) | 73,558 | ||||||||
| Munday legacy |
1,110 | 1,110 | |||||||||
| 76,198 | (1,530) | 74,668 | |||||||||
| Restricted Funds | |||||||||||
| Rector's discretionary | fund | 3,865 | (279) | 3,586 | |||||||
| Big Build ~ Church |
Roof | 5,745 | 5,745 | ||||||||
| Organ | |||||||||||
| Big Build - BBCMain Fund | 16,101 | 16,101 | |||||||||
| Vestry | |||||||||||
| Vestments Fund |
|||||||||||
| Youth Club/Sunday | Club | 1,295 | 1,295 | ||||||||
| Dr Oewhurst Memonal |
Garden | 371 | 371 | ||||||||
| Bell Tower Louvres | |||||||||||
| Church Access (North | Transept | Protect) | |||||||||
| Defibnllator | |||||||||||
| Hall PA & Lighting | Equipment | ||||||||||
| West Window Repair | 12,386 | (12,386) | |||||||||
| Patronal Banner | |||||||||||
| Little Seeds/TAT | 118 | 212 | 330 | ||||||||
| Tom's Scribblings | 434 | 340 | 774 | ||||||||
| Young People and | Families | Fund | 99 | 2,130 | 2,229 | ||||||
| Big Build - Technology | Fund | 2,379 | (1,883) | 496 | |||||||
| Big Build - West End Toilet | 8,401 | 21,703 | 30,104 | ||||||||
| Big Build - Church | Memorial | Seating . | 2,929 | 12,883 | 15,812 | ||||||
| Big Build - North Street/1 | Churchfields | repairs | 6,000 | (627) | 5,373 | ||||||
| Big Build- Churchfields | 2 | 7,584 | (7,084) | 500 | |||||||
| Big Build - Churchyard | Redevelopment | 1,640 | (736) | 904 | |||||||
| Big Build - Pagant | Repairs | 351 | (351) | ||||||||
| Big Build - Moving | location | of Tomb | |||||||||
| Big Build - Patient | Hall | Courtyard | & Room | 2 refurb | |||||||
| Big Build - Organ | |||||||||||
| Churchyard Project |
492 | 492 | |||||||||
| Coronavirus Job Retention |
Scheme | ||||||||||
| HBC COVIO Support | 1,574 | 1,574 | |||||||||
| 53,597 | 32,089 | 85,686 | |||||||||
| Endowment Funds |
457,771 | 6,239 | 464,010 | ||||||||
| 457,771 | 6,239 | 464,010 | |||||||||
| TOTAL FUNDS | 587,566 | 36,798 | 624,364 |
| Net movement in fund |
s, i |
nc | luded in th |
e above are a | s follows: | ||||
|---|---|---|---|---|---|---|---|---|---|
| Transfer | |||||||||
| Incoming | Resources | between | Gains and | Movement | |||||
| resources | expended | funds | losses | in funds | |||||
| E | 2 | 2 | 2 | 2 | |||||
| Unrestricted funds |
|||||||||
| Generalfund | 220,274 | (218,084) | (3,638) | (82) | (1,530) | ||||
| Munday legacy |
|||||||||
| 220,274 | (218,084) | (3,638) | (82) | (1,530) | |||||
| Restricted Funds |
|||||||||
| Rector's discretionary | fund | 2,468 | (2,747) | (279) | |||||
| Organ | |||||||||
| Big Build - BBCMain | Fund | 18,640 | (305) | (2,234) | 16,101 | ||||
| Youth Club/Sunday Club |
|||||||||
| West Window Repair Little Seeds/TAT |
310 | (12,386) (98) |
(12,386) 212 |
||||||
| Tom's Scribblings | 1,145 | (805) | 340 | ||||||
| Young People and Families | Fund | 3,180 | (1,050) | 2,130 | |||||
| Big Build - Technology | Fund | 7,966 | (9,849) | (1,883) | |||||
| Big Build - West End Toilet | 21,703 | 21,703 | |||||||
| Big Build - Church Memorial |
Seating | 18,438 | (5,555) | 12,883 | |||||
| Big Build - North Street/1 | Churchfields | repairs | (627) | (627) | |||||
| Big Build - Churchfields | 2 | 500 | (7,776) | 192 | (7,084) | ||||
| Big Build - Churchyard | Redevelopment | (736) | (736) | ||||||
| Big Build - Pallant Repairs | (669) | 318 | (351) | ||||||
| Big Build —Organ |
(3,320) | 3,320 | |||||||
| Coronavirus Job Retention |
Scheme | 16,099 | (16,099) | ||||||
| HBC COVID Support | 11,067 | (9,493) | 1,574 | ||||||
| Big Build - Build Accessible | Entrance | (2,042) | 2,042 | ||||||
| Churchyard Project |
570 | 492 | |||||||
| 102,086 | (73,635) | 3,638 | 32,089 | ||||||
| Endowment Fund |
6,239 | 6,239 | |||||||
| TOTAL FUNDS | 322,360 | (291,719) | 6,157 | 36,798 | |||||
| 2020 comparatives for movements |
in funds | ||||||||
| Net | |||||||||
| movement | |||||||||
| At 1.1.20 | in funds | At 31.12.20 | |||||||
| Unrestricted funds |
|||||||||
| General fund | 44,089 | 30,999 | 75,088 | ||||||
| Munday legacy |
1,110 | 1 110 | |||||||
| 45,199 | 30,999 | 76,198 | |||||||
| Restricted Funds | |||||||||
| Rector's discretionary | fund | 1,383 | 2,482 | 3,865 | |||||
| Roof Fund | 9,339 | (3,594) | 5,745 | ||||||
| Youth Club/Sunday Club Dr Dewhurst Memorial Garden |
1,424 371 |
(129) | 1,295 371 |
||||||
| Defibrillator | 5 | (5) | |||||||
| Hall PA & Lighting Equipment |
|||||||||
| West Window Repair |
314 | 12,958 | 13,272 | ||||||
| Little Seeds/TAT | 118 | 118 | |||||||
| Tom's Scribblings | 434 | 434 | |||||||
| Young People and Families | Fund | 99 | 99 | ||||||
| Big Build —Technology |
Fund | 2,379 | 2,379 | ||||||
| Big Build - West End Todet | 7,515 | 7,515 | |||||||
| Big Build - Church Memorial |
Seating | 2,929 | 2,929 | ||||||
| Big Build - North Street/1 | Churchfields | repairs | 6,000 | 6,000 | |||||
| Big Build - Churchfields | 2 | 7,584 | 7,584 | ||||||
| Big Build - Churchyard | Redevelopment | 1,640 | 1,640 | ||||||
| Big Build - Pallant Repairs | 351 | 351 | |||||||
| 12,836 | 40,761 | 53,597 |