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|| |||A subsidiary
bank account
is held at Lloyds Bank, for ease of payments.|| |Independent|Examiner:|P J Underwood,
Morris Crocker, Chartered
Accountants,|| |||Station House, North|Street, Havant,
Hants, PO9 1QU| |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||||||||||||| ||57 South Street Trust||||||||||||| ||Boyd-Richardson
Trust||||||||||||| |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| ## ## ## ## ## ##