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2022-12-31-accounts

St James’ Church Milton (Charity Commission Reg. No. 1129165) Annual Report for the year ended 31[st] December 2022

ADMINISTRATIVE INFORMATION

St James’ Church is sited at 285/287 Milton Road, Southsea. The ecclesiastical parish is situated in the Diocese of Portsmouth within the Church of England. The correspondence address is St James Vicarage, 287 Milton Road, Southsea, PO4 8PG.

The Parochial Church Council (PCC) is a registered charity with the Charity Commission, number 1129165. Members of the PCC are either ex officio or elected at the Annual General Meeting (APCM) in accordance with the Church Representation Rules.

The membership of the PCC during the year were:

Vicar Vacant
Assistant Curate The Reverend Hugo Deadman
Churchwardens Miss Stella Wansborough
Mr Mark Pearce
Deanery Synod Representatives Miss Jill Chalmers
Elected members Mrs Jeannette A Beech
Mr Colin J Beeston (up to 11 Sep 22) RIP
Miss Valerie M England Electoral Roll Officer
Mrs Valerie A Knight
Mrs Sandra A Lamburth
Mrs Catriona Maton
Ms Gail P Stidolph
Mr Paul H Tallack Treasurer
Mrs Bridget H A Wade Secretary
Mr Benjamin Wilkins
Ms Marilyn Palmer
Mr Samuel Harfield

STRUCTURE, GOVERNANCE AND MANAGEMENT

The method of appointment of members of the PCC is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. The PCC operates through a number of committees that meet between full meetings of the PCC. These are:-

Standing committee

It is the only statutory committee. It has power to transact the business of the PCC between its meetings, subject to any directions given by the PCC.

St James’ Church Milton (Charity Commission Reg. No. 1129165) Annual Report for the year ended 31[st] December 2022 (continued)

OBJECTIVES AND ACTIVITIES

St James’ PCC has the responsibility of promoting in the ecclesiastical parish the whole mission of the Church: pastoral, evangelistic, social and ecumenical. It is also responsible for maintaining the Church/Hall complex of St James, Milton, in the Diocese of Portsmouth together with the one property owned by the parish at 51 Goldsmith Avenue.

REVIEW OF THE YEAR

This last year was dominated by the PCC having to produce a Parish Profile so we could advertise for a new incumbent. The Standing Committee met and one was written up, which was then brought before the PCC, and particular parts changed and rewritten. The Archdeacon read it and then wanted a large part of it reordered. Which was duly done, and then our Patron Father Bob wanted a few things added, so more tippex, and then finally it was good enough to use for advertising St. James to any prospective candidate.

The position was advertised in the Church Times, and possible candidates who were short listed met the PCC, shown round the Church and Vicarage, and given a tour of the Parish. The next day they were interviewed at Bishopsgrove by the Bishop, the Archdeacon, Father Bob and our Churchwardens Stella and Mark.

I am pleased to say that it has now been announced that our new Vicar is going to be Revd Andy Davis, from Holy Trinity, Bramley in Guildford Diocese. His final service there will be in August.

Although we were and still are in an interregnum, we were looked after very very well by our Curate Father Hugo. He did the day to day running of St. James, which made our lives so much easier. His last service was on the 22[nd] January, as he became the Vicar of St. Michaels and All Angels in Paulsgrove. We held a lunch after this service where he was presented with many gifts and a cheque He was licensed on Sunday 5[th] February, and a large contingent from St. James went along to celebrate this occasion with him. He is still missed.

As usual all our events took place during the year, Table Top Sales, the Fete, the Christmas Bazaar, on Sunday 24[th] July we celebrated St. James Day with our customary bar-b-que. We had lots of the local schools visit us during the Christmas and Easter period, with many different priests looking after them.

There were 13 baptisms this year, 3 marriages conducted and 2 renewals of vows/blessings. We also held 22 funerals in Church and 2 interments in our Garden of Remembrance.

Since Father Hugo left us, we have reverted to having one 8am clock service on the first Sunday of each month, and we stream the 10am service again the first Sunday of every month. Father Bob has supplied all our visiting priests, since January and this has given us a rich diversity of church services.

Stella Wansborough Churchwarden

03 May 2023

The Parochial Church Council of the Ecclesiastical Parish of St James, Milton, Portsmouth Charity No: 1129165 Annual Report And Financial Statements Year Ended 31 December 2022

4&eccLesiasticaL Employers, Liability (Compulsory Insurance) Act 1969 CERTIFICATE OF EMPLOYERS, LIABILITY INSURANCE (a) (Where required by regulation 5 of the Employers, Liability {Compulsory Insurance) Regulations 1998 (the Regulalionsl, one or more copies of this certificate must be displayed at each place of business at which the policyholder employs persons covered by the policy) Policy Number.. 041XPG10267039 Name of policyholder.. The Vicar and Churchwardens for the time being and the Parochial Church Council of Milton St James in the Diocese of Portsmouth 1 January 2022 31 De￿mber 2022 Date of commencement of Insuran￿ policy: Date of expiry of insurance policy.. We hereby certify that subject lo paragraph 2'.- 1. the policy to which this certificate relates satisfies the requirements of the relevant law applicable in Great Britain, Northern Ireland, the Isle of Man, the Island of Jersey, the Island of Guernsey and the Island of Alderney Ib)., and 2. (a) the minimum amount of cover provided by this policy is no less than £5 million (c} Signed on behalf of Ecclesiastical Insuran￿ Office plc (Authorised Insurer) Notes lal Where IhÉ empknyer Is a company to whKh regUlat￿n 3121 ol th8 Regulations applies. IhÈ certillca18 shall stale in a promineni pla¢e, either that IhÈ pollcy cov&is the hLqding company and all ils 8ub8idiari8s. or thal the policy tovgrs th8 holding company and all 115 subsidiaries sxcepl any speci1￿allY exduded by name, or th81 the policy cover5 the hDlding company and only the named subsidiaties. Ibl Specily applicab￿ law 95 pro￿￿$￿ lor In regulation 4161 ol the Regulalions. Icl See regulation 3111 of Ihs Ragulalions and delete whichaver ol paragraphs2lal or2lbl does nol apply. Where 2lbl 15 applicable. 5pe¢ty lh8 amouni ol Cover providÉd by the relevant policy. IMPORTANT NOTICE TO POLICYHOLDERS Under Ihtr lèmi8 ol the Employer5, Liabilily (Compulsory In8uranc81 IAmendmenll Regulalions 2W8 Ihe requirernenl 10 dispL4y a certificate will be saiislled if il is mad8 available in eleclronifj form and each relevanl employee to whom il relales has reasoneble access lo il in that lorrn. EGr￿SIa￿l￿￿1 Irt￿￿tant￿ ￿l￿ap1ClE￿) Aey. 24￿9. En9landAIBÈnelacl House.2(W, Fi￿￿WAv0￿￿È, GIDuttésier P￿k, ￿Or￿V9￿￿, Qknurp5kr, GL34AW, UrtllÈd Klwth. E105&aulWi8Fd by Ihp AulhOrtiya(￿ ￿n￿￿￿¢￿nduclA￿IhD1ftY&￿tsts F￿ffi NvrnbF( 113e4e.

Parochial Church Council of St James, Milton Index to the financlal statements for the year ended 31 December 2022 Independent Examiner's Report. statement of Financial Activities. Balance Sheet. Accounting Policies. Incomlng Resources. Resources Used. Fixed Assets. io. Analysis of Net Assets by Fund. Debtors. Liabil ities. Financial Statements prepared by Paul Tallack, Parish Treasurer

Parochial Church Council of St James, Milton Independent Examiner's Report This report on the accounts of the PCC for the year ended 31 December 2022, which are set out on pages 2-10, is in respect of an examination carried out In ccordance with The Church Accounting Regulations 2006 ("the Regulatlons") and x.43 of The Charities Act 1993 {"the Act"). Respective responsibllltles of the PCC and the Examiner As members of the PCC you are responsible for the preparation of the financial statementsi you conslder that the audit requirements of The Regulations and s.43 (2) of The Act does not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of Regulation5. Basls of Independent Examiner's Report My examlnation was carrled out in accordance with the General Directions given by the Charity Commission under s.43 (7) (b) of The Act and to be found in the Church guidance, 2006 edition. That examlnation includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you, as Trustees, concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently, I do not express an audit oplnion on the view given by these accounts. Independent Examlner's Statement In connection with my examination, no matter has come to my attention to whlch, in my opinion, attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Signed: Kevln Richardson 59 Sunnymead Drive Waterlooville Hants P07 6BN

Parochial Church Council of St James, Milton statement of Financial Activlties for the year ended 31 December 2022 Unrestricted Restricted Endowment Funds Funds Funds Total 2022 Total 2021 NOTE INCOMING RESOURCES Incoming Resource5 from donors. other voluntary Incoming resources. Income from charitable & ancillary trading. other ordlnary incoming re50urces. Income from investments. 2(a) 2(b) 2(c) 42495 1379 loo 43874 48942 14814 16202 24854 17167 24854 21dl 2(e) 10500 11113 10500 11113 10500 8702 TOTAL INCOMING RESOURCES 103676 1479 105155 101513 RESOURCES USED Grants. 3{a) Activities direttly relatlng to the work 3(b) of the Church. Church management & administratlon. 5235 93089 1379 loo 6614 93189 5895 80855 3{c) 3369 3369 2695 TOTAL RESOURCES USED 101693 1479 103172 89445 NET MOVEMENT IN FUNDS 1983 1983 12068 BALANCES BROUGHT F/W AT I JANUARY 2022 419911 21568 323849 765328 718293 Movement of: Vicar's Discretionary Fund Loss on Revaluatlon of Investment Assets 3105 31862 38861 38861 BALANCES VARRIED F/W AT 31 DECEMBER 2022 421894 21568 284988 728450 765328

Parochial Church Councll of St James, Milton Balance Sheet as 31 December 2022 NOTE 2022 2021 FIXED ASSETS Investment Asset5 Tanglble Flxed Assets 4(a) 4(b) 284988 323849 CURRENT ASSETS 284990 323851 Debtors National Savlngs Income Bonds National Savlngs Investment CBF Investment Fund Lloyds Current Account Lloyds Account (discretionary) CBF Investment (discretionary) 305 35000 9788 360000 45772 228 35000 9788 360000 37416 21568 21568 472433 464000 LIABILITIES 28973 22523 NET CURRENT ASSETS 443460 441477 NET ASSETS 728450 765328 FUNDS Unrestricted Restricted Endowments 421894 21568 284988 419911 21568 323849 728450 765328 Approved by the Parochial Church Council on 20 March 2023 and signed on its behalf by.. Ms S Wansborough (Chairman) The notes on pages 4-10 form part of these accounts.

Parochial Church Council of St James, Milton Notes to the Financial Statements for the year ended 31 December 2022 l. Accounting Policies The financial statements have been prepared in accordance with the Church Accounting Regulations 1997, as amended by the Church Accounting (Amendment) Regulations 2001, together with applicable accounting star)dards and the Charlties SORP. The financial statements have been prepared under the hlstorlcal cost convention, except for the valuatlon of investment assets, which are shown at market value. Funds General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application for the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. The accounts include all transactions, assets and liabllltles for which the PCC is responsible in law. They do not include the account of church groups that owe thelr main affiliation to another body nor those that are Informal gatherings of church members, Incoming Resources Volu ome an Ca Ital So rces Collections are recognlsed when received by or on behalf of the PCC. Planned glving receivable under Gift Aid Is recognised only when received. Income tax recoverable of Gift Aid donations is recognised when the Income 15 registered. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC Is reasonably certain. Funds raised by the fetei garden party and similar events, are account for gross. Sunday mornlng coffee proceeds are accounted for net. ther Re"ntal Income from the letting of church premlses is recognised when the rental is due, as is the case with 14 Priory Crescent and 51 Goldsmith Avenue. Inco ro vestm Dividend5 and interest are accounted for when recelvable. recognised In the same accounting year. Tax recoverable on such income is ins an Losses on Inv ments Reallsed gains or losses are recognised when investments are sold. Unrealised galns or losses are accounted for on revaluation of investments at 31 December.

Parochial Church Council of St James, Milton Notes to the Financlal Statements for the year ended 31 December 2022 Accountlng Policbes cont. Resources Used rants Grants and donatlons are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Ac tles Directl Relatin to the Work of hurch The Diocesan Quota or Parlsh Share Is accounted for when payable. Any quote unpaid at 31 December is provided for In these accounts as an operatlonal (although not a legal) liabillty and is shown a5 a creditor in the Balance Sheet. Fixed Assets Con crat Land dmov bl rch Fu ishln Consecrated and beneflced property is excluded from the accounts by s.96(2)(a) of the Charltles Act 1993. No value is placed on movable church furnishings held by the church wardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inallenable property. All expenditure incurred durlng the year on consecrated or beneficed bulldings and movable church furnishlngs, whether for maintenance or improvement, Is written off as expendilure In the SOFA and separately disclosed. erfi res fittin doffi nt Equipment used wlth the church premises Is depreclated on a stralght Ilne basis over 4 years. Individual items of equipment with a purchase price of £2000 or less are written off when the asset is acquired. Invest Investments are valued at market value at 31 December. Curre Asse Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.

Parochial Church Council of St James, Milton Notes to the Financlal Statements for the year ended 31 December 2022 Unrestricted Restricted Endowment Total Fund5 Funds Funds Funds 2022 Total Funds 20201 INCOMING RESOURCES 21al Incoming Resources from Donors Planned giving.. stewardshlp Income Tax Recoverable from Gift Ald Collections: Ordinary Weddings Special 29883 7516 29883 7516 33300 9115 4159 937 4159 937 1379 4217 572 1738 1379 42495 1379 43874 48942 21b) Other Voluntary Incomlng Resources Legacies and Donations Summer Fayre Christmas Bazaar Coffee Mornings Votive Candles Flower Donatlons Parish Social Events Sunday Morning Coffee Table Top Sales Easter Egg Raffle Easter Book Sale 3538 2802 2822 581 454 3538 2802 2822 581 454 loo 762 2650 1105 6926 2662 3056 197 144 270 704 1070 640 303 230 loo 762 2650 1105 14714 loo 14814 16202

Parochial Church Council of St James, Milton Notes to the Flnan¢ial Statements for the year ended 31 December 2022 INCOMING RESOURCES cont. Unrestrlcted Restricted Endowment Total Funds Funds Funds Funds 2022 Total Funds 2021 2(c) Incoming from CharÈtable & Ancillary Trading Nilton Review Subscriptions Milton Review Advertising Milton Review Offertory Box Mllton Review Donations Church Hall Lettings PCC Fees Studio Cardsl8ooks Centenary Book Sales 475 590 432 67 18338 4748 174 30 24854 475 590 432 67 18338 4748 174 30 24854 418 650 159 12 11188 4690 50 17167 2{d) Other Ordinary Incomlng Resources Rents: 51 Goldsmith Avenue 10500 10500 10500 10500 10500 10500 2{e) Income from Investments Interest 11113 11113 8702 11113 11113 8702

Parochial Church Council of St James, Milton Notes to the Flnancbal Statements for the year ended 31 December 2022 3. RESOURCES USED Unrestricted Restricted Endowment Total Funds Funds Funds Funds 2021 Total Funds 2020 3(a) Grants Missbonary & Charltable Glving: Special Collections Almsglving 1379 1379 5235 1738 4157 5235 5235 1379 6614 5895 3(bl Activities Dlrectly Relating to the work ofthe Church Ministry.. Diocesan Quota Deanery Synod Vicarage Expenses 51 Goldsmith Avenue Clergy Expenses Other Clergy Costs Church Running Expenses Light and Heat Insurance Service Expenses Licences Church Maintenance Organ Maintenance Salary of Organist RSCM Subs Upkeep of Churchyard Church Hall Running Cost Salary of Cleaner Flower5 Sundries Parish Social Events Equipment Leasing Architect Fees Junior Church Little Shells 52890 52890 52040 264 264 130 895 1464 880 85 985 1096 262 985 1096 262 4726 5441 1834 628 4455 690 5809 iio 3789 1638 4726 5441 1834 628 4455 690 5809 iio 3789 1638 4186 5297 2234 648 1378 488 3445 iio 1125 1964 4746 4746 loo 2518 270 70 704 loo 762 1287 912 322 443 762 1287 912 322 443 266 658 93089 loo 93189 80855

Parochial Church Council of St James, Milton Notes to the Financial Statements for the year ended 31 December 2022 3. RESOURCES USED cont. Unrestrlcted Restricted Endowment Total Fund5 Funds Funds Funds 2022 Total Funds 2021 31c} Church Management & Administratlon Printing & Stationery stewardship Envelopes Audit Gratuity Chinneck Shaw Management & CommissSon Charges re.. 51 Goldsmith Avenue 1930 79 loo 1930 79 loo 1182 153 loo 1260 1260 1260 3369 3369 2695 Durlng the year the PCC employed an organist and a Church Hall cleaner, neither of whorn earned more than £50,000 pa or more. 3(d) The organist, Mr H Darnley-smith and various locum organists were paid £5809 durlng the year. The Church Hall cleaners Mrs L Macdonald and Mrs E Manole were pald £4746 during the year. Apart from the above, no other member received any reimbursement of expenses or remuneration. 4. FIXED ASSETS 4{a) Investment Assets Trust Funds held by the Diocese of Portsmouth are as follows: Book Value Market Value Empshott Rd Parsonage Trust Jeffrey Memorial Trust st James Trust st Patrick's Mission Plall Trust st Patrlck's Parsonage Trust 14678 317 1133 88300 1897 29002 1338 40290 157415 56943 106325 284988 4{b) Tanglble fixed Assets Printer & Photocopier (NBV £1 each)

Parochial Church Council of St James, Milton Notes to the Flnancial Statements for the year ended 31 December 2022 5. ANALYSIS OF NET ASSETS BY FUND Unrestricted Fund$ Restricted Funds Endowment Total Funds Funds 2022 Fixed Assets Current Assets Current Liabilitles 284988 284988 472435 28973 450867 28973 21568 421894 21568 284988 728450 6. DEBTORS Total Funds Total Funds 2022 2021 Hall Lettings 305 228 305 228 7. LIABILITIES (AMOUNTS FALLING DUE WITHIN ONE YEAR) Total Funds Total Funds 2022 2021 Almsgiving Christingle Collection Chrlstmas Card Collection Legacies and Donations Marriage Garden Fund Parish Social Events Church Maintenance Flower Fund Walslngham Light & Heat 9392 544 436 9798 1160 51L7 740 76 210 1500 4157 474 344 9545 1160 4708 1565 570 28973 22523 io

The Parochial Church Council of the Ecclesiastical Parish of St James, Milton, Portsmouth Charity No: 1129165 Annual Report And Financial Statements Year Ended 31 December 2022

4&eccLesiasticaL Employers, Liability (Compulsory Insurance) Act 1969 CERTIFICATE OF EMPLOYERS, LIABILITY INSURANCE (a) (Where required by regulation 5 of the Employers, Liability {Compulsory Insurance) Regulations 1998 (the Regulalionsl, one or more copies of this certificate must be displayed at each place of business at which the policyholder employs persons covered by the policy) Policy Number.. 041XPG10267039 Name of policyholder.. The Vicar and Churchwardens for the time being and the Parochial Church Council of Milton St James in the Diocese of Portsmouth 1 January 2022 31 De￿mber 2022 Date of commencement of Insuran￿ policy: Date of expiry of insurance policy.. We hereby certify that subject lo paragraph 2'.- 1. the policy to which this certificate relates satisfies the requirements of the relevant law applicable in Great Britain, Northern Ireland, the Isle of Man, the Island of Jersey, the Island of Guernsey and the Island of Alderney Ib)., and 2. (a) the minimum amount of cover provided by this policy is no less than £5 million (c} Signed on behalf of Ecclesiastical Insuran￿ Office plc (Authorised Insurer) Notes lal Where IhÉ empknyer Is a company to whKh regUlat￿n 3121 ol th8 Regulations applies. IhÈ certillca18 shall stale in a promineni pla¢e, either that IhÈ pollcy cov&is the hLqding company and all ils 8ub8idiari8s. or thal the policy tovgrs th8 holding company and all 115 subsidiaries sxcepl any speci1￿allY exduded by name, or th81 the policy cover5 the hDlding company and only the named subsidiaties. Ibl Specily applicab￿ law 95 pro￿￿$￿ lor In regulation 4161 ol the Regulalions. Icl See regulation 3111 of Ihs Ragulalions and delete whichaver ol paragraphs2lal or2lbl does nol apply. Where 2lbl 15 applicable. 5pe¢ty lh8 amouni ol Cover providÉd by the relevant policy. IMPORTANT NOTICE TO POLICYHOLDERS Under Ihtr lèmi8 ol the Employer5, Liabilily (Compulsory In8uranc81 IAmendmenll Regulalions 2W8 Ihe requirernenl 10 dispL4y a certificate will be saiislled if il is mad8 available in eleclronifj form and each relevanl employee to whom il relales has reasoneble access lo il in that lorrn. EGr￿SIa￿l￿￿1 Irt￿￿tant￿ ￿l￿ap1ClE￿) Aey. 24￿9. En9landAIBÈnelacl House.2(W, Fi￿￿WAv0￿￿È, GIDuttésier P￿k, ￿Or￿V9￿￿, Qknurp5kr, GL34AW, UrtllÈd Klwth. E105&aulWi8Fd by Ihp AulhOrtiya(￿ ￿n￿￿￿¢￿nduclA￿IhD1ftY&￿tsts F￿ffi NvrnbF( 113e4e.

Parochial Church Council of St James, Milton Index to the financlal statements for the year ended 31 December 2022 Independent Examiner's Report. statement of Financial Activities. Balance Sheet. Accounting Policies. Incomlng Resources. Resources Used. Fixed Assets. io. Analysis of Net Assets by Fund. Debtors. Liabil ities. Financial Statements prepared by Paul Tallack, Parish Treasurer

Parochial Church Council of St James, Milton Independent Examiner's Report This report on the accounts of the PCC for the year ended 31 December 2022, which are set out on pages 2-10, is in respect of an examination carried out In ccordance with The Church Accounting Regulations 2006 ("the Regulatlons") and x.43 of The Charities Act 1993 {"the Act"). Respective responsibllltles of the PCC and the Examiner As members of the PCC you are responsible for the preparation of the financial statementsi you conslder that the audit requirements of The Regulations and s.43 (2) of The Act does not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of Regulation5. Basls of Independent Examiner's Report My examlnation was carrled out in accordance with the General Directions given by the Charity Commission under s.43 (7) (b) of The Act and to be found in the Church guidance, 2006 edition. That examlnation includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you, as Trustees, concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently, I do not express an audit oplnion on the view given by these accounts. Independent Examlner's Statement In connection with my examination, no matter has come to my attention to whlch, in my opinion, attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Signed: Kevln Richardson 59 Sunnymead Drive Waterlooville Hants P07 6BN

Parochial Church Council of St James, Milton statement of Financial Activlties for the year ended 31 December 2022 Unrestricted Restricted Endowment Funds Funds Funds Total 2022 Total 2021 NOTE INCOMING RESOURCES Incoming Resource5 from donors. other voluntary Incoming resources. Income from charitable & ancillary trading. other ordlnary incoming re50urces. Income from investments. 2(a) 2(b) 2(c) 42495 1379 loo 43874 48942 14814 16202 24854 17167 24854 21dl 2(e) 10500 11113 10500 11113 10500 8702 TOTAL INCOMING RESOURCES 103676 1479 105155 101513 RESOURCES USED Grants. 3{a) Activities direttly relatlng to the work 3(b) of the Church. Church management & administratlon. 5235 93089 1379 loo 6614 93189 5895 80855 3{c) 3369 3369 2695 TOTAL RESOURCES USED 101693 1479 103172 89445 NET MOVEMENT IN FUNDS 1983 1983 12068 BALANCES BROUGHT F/W AT I JANUARY 2022 419911 21568 323849 765328 718293 Movement of: Vicar's Discretionary Fund Loss on Revaluatlon of Investment Assets 3105 31862 38861 38861 BALANCES VARRIED F/W AT 31 DECEMBER 2022 421894 21568 284988 728450 765328

Parochial Church Councll of St James, Milton Balance Sheet as 31 December 2022 NOTE 2022 2021 FIXED ASSETS Investment Asset5 Tanglble Flxed Assets 4(a) 4(b) 284988 323849 CURRENT ASSETS 284990 323851 Debtors National Savlngs Income Bonds National Savlngs Investment CBF Investment Fund Lloyds Current Account Lloyds Account (discretionary) CBF Investment (discretionary) 305 35000 9788 360000 45772 228 35000 9788 360000 37416 21568 21568 472433 464000 LIABILITIES 28973 22523 NET CURRENT ASSETS 443460 441477 NET ASSETS 728450 765328 FUNDS Unrestricted Restricted Endowments 421894 21568 284988 419911 21568 323849 728450 765328 Approved by the Parochial Church Council on 20 March 2023 and signed on its behalf by.. Ms S Wansborough (Chairman) The notes on pages 4-10 form part of these accounts.

Parochial Church Council of St James, Milton Notes to the Financial Statements for the year ended 31 December 2022 l. Accounting Policies The financial statements have been prepared in accordance with the Church Accounting Regulations 1997, as amended by the Church Accounting (Amendment) Regulations 2001, together with applicable accounting star)dards and the Charlties SORP. The financial statements have been prepared under the hlstorlcal cost convention, except for the valuatlon of investment assets, which are shown at market value. Funds General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application for the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. The accounts include all transactions, assets and liabllltles for which the PCC is responsible in law. They do not include the account of church groups that owe thelr main affiliation to another body nor those that are Informal gatherings of church members, Incoming Resources Volu ome an Ca Ital So rces Collections are recognlsed when received by or on behalf of the PCC. Planned glving receivable under Gift Aid Is recognised only when received. Income tax recoverable of Gift Aid donations is recognised when the Income 15 registered. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC Is reasonably certain. Funds raised by the fetei garden party and similar events, are account for gross. Sunday mornlng coffee proceeds are accounted for net. ther Re"ntal Income from the letting of church premlses is recognised when the rental is due, as is the case with 14 Priory Crescent and 51 Goldsmith Avenue. Inco ro vestm Dividend5 and interest are accounted for when recelvable. recognised In the same accounting year. Tax recoverable on such income is ins an Losses on Inv ments Reallsed gains or losses are recognised when investments are sold. Unrealised galns or losses are accounted for on revaluation of investments at 31 December.

Parochial Church Council of St James, Milton Notes to the Financlal Statements for the year ended 31 December 2022 Accountlng Policbes cont. Resources Used rants Grants and donatlons are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Ac tles Directl Relatin to the Work of hurch The Diocesan Quota or Parlsh Share Is accounted for when payable. Any quote unpaid at 31 December is provided for In these accounts as an operatlonal (although not a legal) liabillty and is shown a5 a creditor in the Balance Sheet. Fixed Assets Con crat Land dmov bl rch Fu ishln Consecrated and beneflced property is excluded from the accounts by s.96(2)(a) of the Charltles Act 1993. No value is placed on movable church furnishings held by the church wardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inallenable property. All expenditure incurred durlng the year on consecrated or beneficed bulldings and movable church furnishlngs, whether for maintenance or improvement, Is written off as expendilure In the SOFA and separately disclosed. erfi res fittin doffi nt Equipment used wlth the church premises Is depreclated on a stralght Ilne basis over 4 years. Individual items of equipment with a purchase price of £2000 or less are written off when the asset is acquired. Invest Investments are valued at market value at 31 December. Curre Asse Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.

Parochial Church Council of St James, Milton Notes to the Financlal Statements for the year ended 31 December 2022 Unrestricted Restricted Endowment Total Fund5 Funds Funds Funds 2022 Total Funds 20201 INCOMING RESOURCES 21al Incoming Resources from Donors Planned giving.. stewardshlp Income Tax Recoverable from Gift Ald Collections: Ordinary Weddings Special 29883 7516 29883 7516 33300 9115 4159 937 4159 937 1379 4217 572 1738 1379 42495 1379 43874 48942 21b) Other Voluntary Incomlng Resources Legacies and Donations Summer Fayre Christmas Bazaar Coffee Mornings Votive Candles Flower Donatlons Parish Social Events Sunday Morning Coffee Table Top Sales Easter Egg Raffle Easter Book Sale 3538 2802 2822 581 454 3538 2802 2822 581 454 loo 762 2650 1105 6926 2662 3056 197 144 270 704 1070 640 303 230 loo 762 2650 1105 14714 loo 14814 16202

Parochial Church Council of St James, Milton Notes to the Flnan¢ial Statements for the year ended 31 December 2022 INCOMING RESOURCES cont. Unrestrlcted Restricted Endowment Total Funds Funds Funds Funds 2022 Total Funds 2021 2(c) Incoming from CharÈtable & Ancillary Trading Nilton Review Subscriptions Milton Review Advertising Milton Review Offertory Box Mllton Review Donations Church Hall Lettings PCC Fees Studio Cardsl8ooks Centenary Book Sales 475 590 432 67 18338 4748 174 30 24854 475 590 432 67 18338 4748 174 30 24854 418 650 159 12 11188 4690 50 17167 2{d) Other Ordinary Incomlng Resources Rents: 51 Goldsmith Avenue 10500 10500 10500 10500 10500 10500 2{e) Income from Investments Interest 11113 11113 8702 11113 11113 8702

Parochial Church Council of St James, Milton Notes to the Flnancbal Statements for the year ended 31 December 2022 3. RESOURCES USED Unrestricted Restricted Endowment Total Funds Funds Funds Funds 2021 Total Funds 2020 3(a) Grants Missbonary & Charltable Glving: Special Collections Almsglving 1379 1379 5235 1738 4157 5235 5235 1379 6614 5895 3(bl Activities Dlrectly Relating to the work ofthe Church Ministry.. Diocesan Quota Deanery Synod Vicarage Expenses 51 Goldsmith Avenue Clergy Expenses Other Clergy Costs Church Running Expenses Light and Heat Insurance Service Expenses Licences Church Maintenance Organ Maintenance Salary of Organist RSCM Subs Upkeep of Churchyard Church Hall Running Cost Salary of Cleaner Flower5 Sundries Parish Social Events Equipment Leasing Architect Fees Junior Church Little Shells 52890 52890 52040 264 264 130 895 1464 880 85 985 1096 262 985 1096 262 4726 5441 1834 628 4455 690 5809 iio 3789 1638 4726 5441 1834 628 4455 690 5809 iio 3789 1638 4186 5297 2234 648 1378 488 3445 iio 1125 1964 4746 4746 loo 2518 270 70 704 loo 762 1287 912 322 443 762 1287 912 322 443 266 658 93089 loo 93189 80855

Parochial Church Council of St James, Milton Notes to the Financial Statements for the year ended 31 December 2022 3. RESOURCES USED cont. Unrestrlcted Restricted Endowment Total Fund5 Funds Funds Funds 2022 Total Funds 2021 31c} Church Management & Administratlon Printing & Stationery stewardship Envelopes Audit Gratuity Chinneck Shaw Management & CommissSon Charges re.. 51 Goldsmith Avenue 1930 79 loo 1930 79 loo 1182 153 loo 1260 1260 1260 3369 3369 2695 Durlng the year the PCC employed an organist and a Church Hall cleaner, neither of whorn earned more than £50,000 pa or more. 3(d) The organist, Mr H Darnley-smith and various locum organists were paid £5809 durlng the year. The Church Hall cleaners Mrs L Macdonald and Mrs E Manole were pald £4746 during the year. Apart from the above, no other member received any reimbursement of expenses or remuneration. 4. FIXED ASSETS 4{a) Investment Assets Trust Funds held by the Diocese of Portsmouth are as follows: Book Value Market Value Empshott Rd Parsonage Trust Jeffrey Memorial Trust st James Trust st Patrick's Mission Plall Trust st Patrlck's Parsonage Trust 14678 317 1133 88300 1897 29002 1338 40290 157415 56943 106325 284988 4{b) Tanglble fixed Assets Printer & Photocopier (NBV £1 each)

Parochial Church Council of St James, Milton Notes to the Flnancial Statements for the year ended 31 December 2022 5. ANALYSIS OF NET ASSETS BY FUND Unrestricted Fund$ Restricted Funds Endowment Total Funds Funds 2022 Fixed Assets Current Assets Current Liabilitles 284988 284988 472435 28973 450867 28973 21568 421894 21568 284988 728450 6. DEBTORS Total Funds Total Funds 2022 2021 Hall Lettings 305 228 305 228 7. LIABILITIES (AMOUNTS FALLING DUE WITHIN ONE YEAR) Total Funds Total Funds 2022 2021 Almsgiving Christingle Collection Chrlstmas Card Collection Legacies and Donations Marriage Garden Fund Parish Social Events Church Maintenance Flower Fund Walslngham Light & Heat 9392 544 436 9798 1160 51L7 740 76 210 1500 4157 474 344 9545 1160 4708 1565 570 28973 22523 io