**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