## ## ## ## |PCCmemberswhohave serve|dfroml"January 202Luntiltheda|tethisreportwasapprovedare:| |---|---|---| |lncumbent:|TheRevd ChrisWilliams|Chairman| |Churchwardens:|David Self|| ||CarolRichards|| |DeanerySynod:|Jenny Hogg(FromApril2021-)|| ||MarkTurner(FromApril2021-November2021)|| |PCCSecretary|Michaela Surtees|| |Treasurer|MarkTurner|| ||ElectedMembers:|| ||David Harvey|toApril2021| ||CaroleRevell|toApril2021| ||CarolRichards|toApril2022| ||MichaelOakley|toApril2022(ResignedApril2021)| ||MarkTurner|toApril2022(ResignedDecember 2021)| ||PennyTapp|toApril2022| ||SaraConroy|toApril2023| ||AnnieColev|toAoril2023| ||Eleanor Childs|toApril2023| ||Robin Coulson|toApril2023| ||Justine Jenner|toApril2024| ||Julie Waine|toApril2024| ||Barbara Bradbury|toApril2024| ||SaraTimossi|toAoril2024 {ResignedOctoberZAZLI| ||Barbara Harvey|toApril2024 (ResignedNovember2A211| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## **Liss Parochial Church Council** ## **Treasurer’s Report Year Ending 31 December 2021** ## **1. Introduction** I am pleased to present my third, and final, report as Treasurer to Liss PCC. This year I would like to start, rather than finish, by thanking all of those who have worked so hard alongside me in managing the finances of the PCC. First and foremost, Michaela Surtees has once again done a sterling job in maintaining the bookkeeping records and instigating most of the many payments that need to be made over the year. Without her, the work of the Treasurer would be much harder. The Finance Committee continues to provide both guidance and overview and I am grateful to Michael Oakley not only for his membership of the Committee during the early part of the year but also for him continuing to count and bank the money every week. Ruth Hamborg continues as Gift Aid Adviser, ensuring that we use the Gift Aid rules to the fullest possible extent and David Harvey continues as Parish Giving Adviser – both critical roles in the financial life of the parish. John Heath and Chris Jenner joined the Finance Committee during the year. Finally, Rodney Fisher has continued to draw on his expertise and experience to keep an eye on our investments and to prepare the annual accounts. Additionally, he has stepped into many of the roles of the Treasurer, following my departure, to ensure that good financial governance is maintained. He has done this on a temporary basis, pending the appointment of a Treasurer, and I trust that the PCC will not take advantage of this to avoid addressing this matter. ## **2. Statement of Receipts and Payments** The church building was closed for 9 weeks at the beginning of 2021, and for 16 weeks during the spring/summer of 2020 somewhat undermining some comparisons year on year. The Unrestricted Account (which reflects our day-to-day activities) finished the year with a small deficit of £2,216. Giving was lower than in 2020, by £2,097, and total receipts decreased by £5,797, reflecting the allocation of £3,120 of dividend income to designated funds. The reduction in giving hides an increase in ad-hoc giving more than offset by a reduction in planned giving. Parish giving is disproportionately dependent on a relatively small number of donors, which is neither unexpected nor unwelcome. However, it does leave us vulnerable to small changes in the make-up of our donor group having a more significant impact on total giving. This needs to be monitored carefully and constantly. When permitted, good use was made of the re-ordered space not only by us but also by outside users, generating receipts of £1,160. Expenditure was down by £3,609, compared to 2020, driven by a reduction in our allocation of Parish Share paid to the Diocese of £2,987. Repairs and maintenance were down £3000 largely because of £5000 of expenditure on the tower coping stones that will fall into early 2022. Utility costs were up nearly £3000 over 2021 (over 200%) with every indication of further rises in 2022. As usual, we paid our allocation in full. Most of the other elements of our expenditure were down because our activities were restricted, throughout the year, by varying levels of pandemic measures and responses. Overall, despite the difficult circumstances we faced in 2021, the level of our uncommitted reserves remain in tact. However, budget projections for 2022 anticipate a likely unrestricted deficit in the range of £15,000- £20,000, leaving no room for complacency. ## **3. Assets and Liabilities.** Our total net assets for all funds at year end, excluding the notional cost of the Church Hall of £150,000, stand at £206,583, made up of current account balances, bank deposits and investments. Movements in the capital markets left us with a year-on-year increase in the value of our investments of £16,255, an annual return of 14% reflecting in part a recovery of losses on the property portfolio in the previous year as a reaction to Covid. However, January 2022 has given a reminder of the volatility of investment markets. In one month, our portfolio has reduced by over £4000 (25% of the gain built up over the 12 months of 2021) The PCC has a policy of keeping £30,000 in current accounts as a general reserve and the unrestricted bank balances at 31 December were £32,242. £45,000 is held on deposit to back the Child & Families Ministry. Turning to investments , £74,187 supports the Re-roofing Fund, leaving the balance of £54,306 as an additional reserve. However, realisation of the budget deficit for 2022 would reduce this additional reserve by more than third assuming stock market values remain at 2021 levels. ## **Future Activities.** Between year end and the APCM, the tenders for the re-roofing work should have been received and processed and there may be greater clarity of the way forward, but if the work does proceed it is clear that a major grant and fund-raising effort is required. At the same time, as reserves are spent on the roof, the cushion they provide for day-to-day expenditure, allowing us to operate a deficit, will disappear, requiring a significant increase in planned giving to balance the books and to fund increased activity levels as the impact of the pandemic lessens. Mark Turner Treasurer, Liss PCC (to 3[rd] December 2021) 25[th] January 2022 L15S PAROCHIAL CHURCH COUNCIL Reg Charlty:1128279 Financial Statements for Year Ended 31 December 2021 Recelpts and Payments Unr•strlrted Fund RECEIPTS 2021 2020 Voluntary Planned Rivln Collertior15 at service5 Dtrnations •nd Appeal$ Le8acles Gr•nts fjift aid tax recovered Voluntary R•celptsTot•l Pagelof5 DeS￿•tel Restrlded Funds Funds {Note Q (Not¢ DI All Funds 20ZI 2020. Notes 62,051 1.788 5,192 64,148 1,125 5,791 62,051 2,626 7.192 64.148 1,227 7,091 9,200 1.296 14.Q7S 97J137 838 1,296 14.675 85A12 1,296 14.075 86A35 3.468 4,764 15,175 92108 5th) 3.338 Aciivllles FundroisinB Parish magazine Income Fees lor weddingslfuntrals Property rent Church Hire Fees tl¥lty RecelptsTotsl 140 4,195 3,213 7,2C¥J 1.327 1,327 4,015 1,816 8,CM)O 1,160 16318 140 4.195 3,213 7,200 li 4,015 1.816 1.160 14.991 14,748 1327 14.748 Divldends 8ank & Deposlt Interest Imiestment Income Tot•1 1,353 4,893 1,071 3,120 4,473 4,893 1.327 lJ57 4￿21 RECElffS Total 101.350 107.147 7￿86 4,709 113.647 118.(XlS PAYMENT5 Dlocesan share aer￿ & Stafflns aerBy & R•ader expenses Staff honDrarla Rertory costs aeT8y & stsffln8Totsl 68,716 71.703 68,716 71.70Y li 1,704 8.448 520 10.672 2,622 8,691 465 11.778 1.704 2.622 8,691 465 11.778 520 10.672 Ch•rltabl4 Churth Runnlni Costs Insurance Buildsn8 rnaintènanee Services Expenses Or8•D & Piano ousèkeeplng Churchyard Gas/elertri¢itylw•ter Telephone & Internet Phgtocopyin8 Admlnlstration Churth Runnlng Costs Totsl 2.267 7.167 1,829 2.676 545 350 1,825 6,750 617 1,829 2,676 545 350 1,825 6.750 617 282 2,383 1,912 373 1,239 1.466 16,847 282 2.383 1,912 373 1,239 1.466 16.847 2.267 4,836 390 1,049 2.628 171156 2,267 4.836 390 1.049 2,628 17A156 A¢¢ivltl•s Parish m8£azlne costs Children & Familv Hospltslity & Comrnunlty Events Property Valuers Fee 1,965 201 56 1.715 1,965 411 S6 1.715 210 32 32 9CQ 2.647 2.647 210 1432 PAYME14TSTotsl Reorderlng & Roof payments. RECEIPTSI_PAYMENTS 103J66 107.175 77 106fv43 107.519 36,093 - 324.INM 28.489 - 313,518 36.093 -2216 2,232 ' 2020 F*wres revlsed to Indyd• r•ordertng payments I¢M 8f•nts rec•lv•d (Note 8) LISS PAROCHIAL CHURCH COUNCIL Re8 Charfty:1128279 Hnanclal Statements for Year Ended 31 December 2021 Assets and Llabllltles Page2of5 Unrestrirted Funds Notes General Fu￿1 Deslgnated 2021 2021 Restrlded Fund5 2021 Total Totsl All Funds All Funds 2021 2020 ASSErs Freehold Property 150,000 150.(X 150,000 Investments at ma￿et Value Investment & Property Funds 55,653 74,187 129,840 113,575 Bank and Deposit Accounts Current Accounts Deposit Fund Inter Fund Tfr Bank and Deposlt Accounts 32,242 142 25.(XX) 36,332 45,000 64,821 45.CKKJ 20,1XJO 32,242 25,142 81,332 109,821 TOTAL ASSETS 237,895 99,329 23,948 361,172 Note D 373J96 Note C UABiimES (Note 13) Reordering Final Accs lex VAn Reordering- Couzens Retention Prepaid Maga21ne Adverts ASSETS 6,501 8.582 1,730 356,583 12 1,137 236.758 1,137 23.948 3f•O,035 99.329 2020 223,116 111,751 21.716 356,583 NOTE A-BANK AND DEposrr FUND RECONCIUATION At 1st January Receipts/l-Payts) after Fund Changes Pale I Reallocatlon of Investments Reorderin8 Costs At 31st December 40,471 -2,216 6.013 47,634 -28,505 6,013 21.716 2,232 109.821 -28,489 423,339 10,486 -324,CN 109,821 32,242 25.142 81332 Nrte 8-INVESTMENT MOVEMENTS CBF Funds 1st January Valuation Cash Withdrawals Depostt Fund Invest Fund Prop Fund Total 2021 Total 2020 45,1Y)O 57,786 55.789 158,575 511,431 -350,CK)O Changes in Market Value 2021 On Sold Investments On Investments held at end ofyear -1.525 -1.331 8.309 7,956 16.265 31 December Valuatlon 45,000 66,095 63.745 Note 5 174.840 31 December Hlstorf¢ Cost Projected Annual Yield (Dec 2021) 44,322 2.77% 58,6 4.66% 147,922 489,089 0.15% LISS PAROCHIAL CHURCH COUNCIL Ret Chirtty:1128279 Financial Ststements for Year Ended 31 December 2021 Assets and Liabilit1￿ (Continued) Pa8•3of5 Totsl Reorder 201>21 Note C-DEgGNATED FUNDS Inwm¢ L•qacloS Dlvldend Sharn Interost Grants Organ & Pow Sahs Total Income Expendlture Main Contractor Ilnc VATI Other5 Contracttsr5 Audio Visu•l Professional F•es Iln¢ VAn Chancel Furnsshings Faeuhies, In5 & Blde R•8S Relocation Costs Ory•n removal & Rostontlon Bat Survey Total Expense Notes Roof Chlld & Reorderlni Not*5 F¥m Mlsslon Not• J Tot•ls 2021 Totsls 2020 9,200 3,120 3,120 142 57,988 71,395 25 1,353 7.588 67355 72.748 3,468 3,468 .IcK) 1,237 3.370 653 18.ICQ 305,620 411.931 1,237 10,877 12,114 3.370 26,2 51.055 10562 15,206 22,628 19,692 19.692 3,987 4.892 2,707 9,909 302 302 2,522 12A31 2.522 2,173 36A193 382,017 529.LK56 23.661 Net EMpensel-Ilin¢om• 8.311 20.194 .28.505 .314W 456.158 B•b•nce l J•nu•ry Transfer from Restrlct•d Fund Interfund Transfer 79.21x1 25.142 22A92 126A34 432,496 32 -3298 B•l¥nce 31 December 74.187 25.142 99329 126J34 Note D.REsTricfED FUNDS Incom• Donatlons Fundfai5in8 Chufth Collections Glft aid tax r•cover*d Int•r•st ReceNed Totsl Income E¥pendtture Charitable Givlnl Event Expensts Recruitment Cost Design & Profes$ion•l Fees Total Exp•nx Notes Rool (hlld& Reorderln8 Churth Fam Mlgslon Collertlons Events 2021 Totsl 2,830 289 2020 Total 1,402 2,000 830 289 5CKI 157 208 865 114 1516 1.327 1,273 2,213 210 210 1327 2,477 Net EMpenxl-Illncome Balance l January Tfr to Desl8n•ted Fund Don•tlon B•lan¢e 31 Dècember .166 20.614 -102 102 2,232 1.172 21,716 20544 23.948 21.716 USS PAROCHIAL CHURCH COUNCIL Rry(*wlty:IIZ8279 Flnanclal Ststements for Year Ended 31 Oecember 2021 Addltlonal Notes P¥t4of5 l The financial ststem¢nts olthi PCC hb¥e bo•n pr•p4rqd in *ttord*ne• the Chartti05Act 2011 and the Church Accountlng ReBulations 2006. The Recelpts and Pa¥ments 5t*ernant is prep•red on a Cash basis.Th• Stst•rrrfntof Asstts and L￿bIll(l•S r•fiort5 a55•t valuès and ￿tr￿ls. Movable ChU￿h fumi5hing5 htld by chur¢hward•ns on 5w4al tru5tforthè PCC. and which rqquir* a fatukyford￿po5al. are rnco8ni5•d but not valL￿d. 2 Freehold Property St Marys and its surround5are on land ilven to the PCC In 1895. In 2000. of th• original land ¥rant, Including that on which a ehureh hall had be•n built, wa5 sold to a d•v•loper, who aireed to buihy a replarement hall at hls expense. The developerestimattd the hall c05tat £150,￿0. and PCC Valued th• property 1ttordln¢￿. Thè property is Valued for insurance purposes for 20220 at £385.000. The in5uran£e underwrfters last fomialty v•lu¢d the proptkty itt February 2019 at £350.(￿. The chU￿h hall is I￿sed to Llss Youth Centrn Limit•d I'crossover I for 10 years to 31st Decemt4r 2025. Underthe lease the tenant Is r•sponsibl¢ftsr full repBirs and èll insurnnc• ¢osts. The annual rentfortho first 5 yèars was £7.200.The annual r•nt for 2021 was aqreed at£8Cb)). w￿h IncremeTrts of £350 In of the folbwlnz 4 (aknndlr y••fs. J Reorderfng olst Mwy's Churth Work w•$ wmpleted in January 2021 wi(h the retsnth?n balance to th•cesan Sh¥• PortsTrK)uth 0￿￿￿est annual Parbh Cost bud¥etolaprox £5m¢ll￿Tr, cov¢ri il CJÈryy&iJaries. pension wntribLrtion. hou5ini and oth•r•penses 111 Outreach. mlsslon. eduutk?n and social work It is appo￿oned to indNhdual parishes usin4 a multifaceted forrnula. It 1$, th•r•ftsre. an alkxatlon of • Dlrxeun c•ntral exynse rntherthon a recovery of arttsol costs pertaiT¥inito Liss PCC. A proportion of fee5 Ttetlved forweddlng5 •nd fvntrnls ts pald to th• Oiouse (Note 81 USS PAROCHIAL CHURCH COUNCIL e8 ChJrlty:1128279 Flnanclal Statements for Year Ended 31 December 2021 Addltlonal Notes (Contlnued) 11 Clergy & Rud•r •wnses Payrnènts made to Clergy & Readers were dirert reirnbursement of monies spent and r and cycle allowances ari$in8 from travel on chur¢h business. No 5UrnS Wtrè pèSd to PCC members other than for relmbursement of expeTrdlture iftcuried, whlch is recorded in the attounts under the oppropriate headiny. Pa8•5of5 12 P•rfgh Mwthie Income Advortislng Sub5crlptions Total Income Expendlture Copier Costs lallocatlgnl & Postsge 2021 1.317 2.698 2020 1,882 1313 4.195 1.715 2J)50 Mwitines subscriptions cover a cèlendèrye?r. Most Advertisiri8 incorne is collerted In advonce of publication. 2022 Advertlsln8 Income received in 2021 mouated to £113712020 £17301 and is shown •$ • liability in the Ststernent of Assets and Liabilitles. 13 Charltable GM From Parfsh Funds Crosso¥er A Rocha- Caring for God's Earth Christians Against Poverty Mlssions A¥iation Fellowship Jolnt Council for Welfare of Immi8rants SOS Klds Cholf 2020 2.238 6C 662 2W 42 Sped•l col1ertk￿s Isee FootDOte Ind Note C) Events-Pop up Breakfast 2021 Home Stsrt Butser Joint Councll for Welfare of lrnrni8rants Childrens Society Christingl• A Roch•- C•rinq for God's Earth Christians Aiainst Poverty 8ibl• Soclery 1.274 637 303 io) 22 7.114 Ch•rlthbl• GMn8 Expondllur• Totsl collecth￿S passed thrwh to ben¢fid•rtes but not Indud¢d In R•celpts & Pwients Tearfund 490 Totsl Ch•rlt•bl• Contrtbutlons Footnote on Sped81 collecuons. These include donation5 for sycifi¢ eauses payoble to the benefitting ch•rity in full. Th• PCC Is usually able to rttov•¥ Glft Ald OTr such donotlon$ and p•ss it onto the Charlty. 14 Non C¥n¢•ll•bl• LMgT•rn) L•aso c(￿MIlm? The PCC •&￿ed to leasing its photocopier over 5 years to end of March 2023. The •mount of non-caneellèble operating lease payrneftts Sn¢ludin8 VAT rnade in 2021 w•$ 2021 2020 1460 In January 2022. the lease was surrendered and repl•¢ed by • new lease for a period of 5 years at an anDual ¢DSt (including VATat the Current rate) totslling £1,580 ## ## ## ## |PCCmemberswhohave serve|dfroml"January 202Luntiltheda|tethisreportwasapprovedare:| |---|---|---| |lncumbent:|TheRevd ChrisWilliams|Chairman| |Churchwardens:|David Self|| ||CarolRichards|| |DeanerySynod:|Jenny Hogg(FromApril2021-)|| ||MarkTurner(FromApril2021-November2021)|| |PCCSecretary|Michaela Surtees|| |Treasurer|MarkTurner|| ||ElectedMembers:|| ||David Harvey|toApril2021| ||CaroleRevell|toApril2021| ||CarolRichards|toApril2022| ||MichaelOakley|toApril2022(ResignedApril2021)| ||MarkTurner|toApril2022(ResignedDecember 2021)| ||PennyTapp|toApril2022| ||SaraConroy|toApril2023| ||AnnieColev|toAoril2023| ||Eleanor Childs|toApril2023| ||Robin Coulson|toApril2023| ||Justine Jenner|toApril2024| ||Julie Waine|toApril2024| ||Barbara Bradbury|toApril2024| ||SaraTimossi|toAoril2024 {ResignedOctoberZAZLI| ||Barbara Harvey|toApril2024 (ResignedNovember2A211| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ##