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 2023
5t Jameg Church Mllton (Charity Commlsslon Reg. No. 1129165) Annual Report for the year ended 31" De(ember 2023 ADMINISTRATIVE INFORMATION St James, Church is sited at 2851287 Mithn 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, P04 8PG. The Parochial Church Councll IPCC} is a rewstered charity wlth the Charity Commission, number 1129165. Members of the Pccare ettherex offiaoor elected at the Annual General Meeting IAPCMI In accordance with the Church Representation Rules. The membershlp of the PCC during the year were: Vlcar Vacant Asst Curate Revd Hu80 Deadman (uptojan 231 Churchwardens Mr Mark Pearce Miss Stella Wansborough Deanery Synod Representatlves Mlss Jlll Chalmers Mrs Aiison Threlkeld (from May 23) also PCC elected Elected members Mrs RLrth Baber (from May 23) Mrs Jeannette A Beech Miss Valerie M England Elertoral Roll Offlcer Mrsamuel Harfield lup to May 23) Mrs Sandra A Lamburth Mrs Catriona Maton Mr5 Ann Murray Ms Marilyn Palmer {up to Feb 23) Lay Preacher Ms Gail P Stidolph lup to 9 Nov 231 RIP Mr Paul H Tallack Treasurer Mr Gerald Vernon-jackson (from May 23) Mrs Bridget H A Wade Secretsry Mr Benjamin Wilkins lupto May 231 STRucfuRE. GOVERNANCE AND MANAGEMEKr The method of aPFKJintment of members of the PCC is set out in the Church Representation Rule5. 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:_ 5thnding commlttee It 15 the only statutory committee. It has powerto transart the busine55 of the PCC between its meetings. subjert to any directions given by the PCC.
St Jame< Church Mllton (Charity Commlsslon Reg. No. 11291651 Annual Report for the year ended 31 December 20231continued) OBJEcfivES AND AcrivmES St James, PCC has the reswnsibility of promoting in the ecclesiastical parish the whole mission of the Church- pastoral, evangeli5tiC, social and ecumenical. It is also responsible for maintaining the ChurchlHall complex of St James, Milton, in the Diocese of Portsmouth together wlth the one property owned by the parish at 51 Goldsmrth Avenue. REVIEW OF THE YEAR Last year was an extra busy time for the Churchwardeh5. as Father Hugo moved to h15 new Church in January, 50 that meant we had no day-to4ay Priest at St. James. Luckily for us Father Bob once agaln managed 311 the rota's, which meant every Servlce, Funeral, Baptism, Weddlngs and School visits were covered. Thank you so much Father Bobl11 In all. we had 13 baptlsms, I namlng ceremony. I renewal of Baptismal Vows. 2 weddings and 2 renewal of Vows. We also carried out 21 funerals, 3 interment of ashes and I memorial service. We kept all our events 80in8, Quiz's, TableTop Sales. Summer Fete and Christmas Bazaar, Coffee morning5 after the Wednesday Sep4ice, and a huge thank you to all who have helped in any small way to contribute to our life here at St. James. Once again we had to produce a new parish profile. which was much easier this time round, as we had already a finlshed article. If you remember we had appolnted a prlest, who then turned It down, so the process Started all over again. By September we were ready to intervlew for the post, and we appointed Father Darren who started the followlng year {2024). At St. Jameg we are very luckyto have a wonderful army ofvolunteers, who are prepared to help with all sorts of things. The Church was thoroughly cleaned on Holy Saturday {mlnd, Hot Cross Buns helped) and all our serVIS happened. All of the visiting clergy said how they were always made to feel very welcome, and We happy to help u50Ut when they could. As usual a full, rlch and rewarding year for us all at St. James. Stella Wansborough/Mark Pearce Churchwardens 27 April 2024
•+eccLesiasticaL Employers, Liability (Compulsory Insurance) Act 1969 CERTIFICATE OF EMPLOYERS, LIABILITY INSURANCE (a) (Where required by regulalion 5 of the Employers. Liability (Compulsory Insurance) Regulations 1998 (the Regulations), one or more copies of this [tiliCate must be displayed at each place of business at which Ihe policyholder employs persons covered by the policy) Policy Number.. Name of policyholder.. P-0000267039101 The Vicar and Chur¢hwardens for the lime being and the Parochial Church Counul of Miiibn Sl James in the Diocese of Portsmouth Dale of commencement of insurance policy.. Date of expiry of insurance policy.. 1 January 2023 31 December 2023 We hereby certify that subi8cl to paragraph 2:. 1. The policy lo which this certificate relales satisfies the requiremenls of the relevant law applicable in Great Britain, Northern Ireland, the Isle of Man, the Island of Jersey. the Island of Guernsey and Ihe Island of Alderney (bl., and 2. (a) the minimum amount of cover provided by this policy is no less than £5 million Signed on behalf of Ecclesiastical Insuiance Office plc {Aulhorised Insurer) Notes lal Where the employer is a comp8ny to which regulabon 3121 ol Ihe Regulations 8ppli•$, tho e•rtffi¢gt• 8h811 state in a prominent placa. ailher ihal the policy cov•rs th• holding company and all rfs subsidiane8. or thal the policy covers the holding company and all ils subsidiaries ex¢Èpl any speofkally excIje by narne, or that policy ¢ov•rs Ihe hokling cKJmpany and only the named $ubsidiaries. Ibl Specify applicable18w as provid•d for in regulalim 4161 of the Regulatthis. Icl S¥e règulatson 3111 of the Regulabons aThJ delete whKthever of paraoraphs 2{al C 21bl dcos not apply. Where 2{bl is applicable, Gpeufy the amount ol cover provided by the relevant F<slw. IMPORTANT NOTICE TO POLICYHOLDERS Undei Ihg terms ol the Employers, knability Icompulsory Insurance) (Amendment) R•gulotson$ 2008 the requlrement to display certificate wlll be satisfied 11 it is made available in e¢IroniC fom and each levant employee to whom it relates has reasonabl8 cctrss to rt in that form. Ec¢wa Insurance ¢)ffir¢ F4r IE) Rto. l&). 2W Tr)ktse. onA¥enU, GI<r BUn0%% Park. Brockwcrflh. Gbjtyter. GL3 4AW. Uthd EIO tylhe RjU Authuty and regulated by the FIartl ¢UCtAlh0rty
Parochlal Church Councll of St James, Mllton Index to the flnanclal statements for the year ended 31 December 2023 Independent Examiner's Report. Statement of Financial Activities. Balance Sheet. Accountlng Polides. Incoming Resources. Resources Used. Fixed Assets. 10. Analysls of Net Assets by Fund. Debtors. Liabilities. Flnancial Statements prepared by Paul Tallack, Parish Treasurer
Parochial Church Council of St James, Milton Independent Examlner's Report This report on the accounts of the PCC for the year ended 31 Decernber 2023, which are set out on pages 2-10, Is in respect of an examlnatlon carried out In accordance with The Church Accounting Regulations 2006 (he Regulations-) and x.43 of The Charities Act 1993 ("the Act?. Respective responsibilitles of the PCC and the Examlner As members of the PCC you are responslble for the preparatlon of the financlal statements; you consider that the audit requirements of The Regulations and s.43 {2) of The Act does not apply. It Is my responslbility to issue this rewrt on those fSnandal statements In accordance wlth the temis of Regulations. Bas18 of Independent Examlner's Report My examlnatlon was carrled out In accordan vAth the General Dlrectlons glven by the Charity Commission under s.43 (7) (b) of The Act and to be found In the Church guldance, 2006 edltlon. That examlnatlon Includes a revlew of the acc¢Juntlng records kept by the PCC and a comparlson of the accounts wlth those records. It also Includes cOnderIng any unusual Item5 or dlsc105ures in the financial statements and seeklng explanations from you, as Trustees, conceming any such matters. The procedures undertaken do not provlde all the evldence that would be requlred In an audlt and consequently, I do not express an audlt oplnion on the vlew glven by these accounts. Independent Examlnerfs Statement In connection with my examination, no matter has come to my attentlon to which, In my opinion, attention should be drawn In order to enable a proper understandlng of the accounts to be reached. Signed: Kevln Rlchardson 59 Sunnymead Drive Waterlooville Hants P07 6BN
Parochial Church Council of St James, Milton Statement of Flnanclal Actlvlties for the year ended 31 December 2023 Unre%tiirted Re%tricted Endowment Funds Funds Funds Total 2023 Total 2022 NOTE INCOMING RESOURCES Incomlng Resources from donors. 2{a) Other voluntary Incomlng resources. 2(b) Jncome from charitable & anclllary 2(c) trading. Other ordlnary Incomlng resou5. Income from investments. 42576 10363 29196 82S 144 43404 43874 10507 14814 29196 24854 2(d) 2(e) 8594 23082 8594 23082 10500 11113 TOTAL INCOMING RESOURCES 113811 972 114783 105155 RESOURCES USED Grants. Actlvltles dlrectly relatlng to the work of the Church. Church management & admlnlstration. 3{a) 3(b) 4718 102056 828 144 5546 6614 102200 93189 3(c) 2951 2951 3369 TOTAL RESOURCES USED 109725 972 110697 103172 NEf MOVEMENT IN FUNDS 4086 4086 1983 BALANCES BROUGHT FIW AT I JANUARY 2023 421894 21568 284988 728450 765328 Movement of: Vlcar's D15cretlonary Fund Galn on Revaluation of Investment Assets 485 485 25328 38861 25328 BALANCES VARRIED F/W AT 31 DECEMBER 2023 425980 22053 310316 758349 728450
Parochial Church Council of St James. Milton Balance Sheet as 31 December 2023 NOTE 2023 2022 FIXED ASSErs Investment Assets Tangible Fixed Assets 4{a) 4(b) 310316 284988 CURRENT ASSErs 310318 284990 Debtors Natlonal Savlngs Income Bonds National Savlngs Investment CBF Investment Fund Lloyds Current Account Lloyds Account (discretionary) CBF Investment (discretionary) 560 35000 9788 360000 45191 305 35000 9788 360000 45772 22053 21568 472592 472433 LIABILITIES 24561 28973 N ET CURRENT ASSETS 448031 443460 NEf ASSETS 758349 728450 FUNDS Unrestrlcted Restricted Endowments 425980 22053 310316 421894 21568 284988 758349 728450 Approved by the Parochlal O)urch Coundl on 04 March 2024 and slgned on Its behalf by: Rev'd Darren A'court (Chalrman) The notes on pages 4-10 fomi part of these accounts.
Parochial Church Council of St James. Milton Notes to the Financial Ststements for the year ended 31 December 2023 l. Accounting Policies The financial statements have been prepared in accordance wlth the CJ)urch Accountlng Regulations 1997, as amended by the Church Accountlng (Amendment) Regulations 2001, together with applicable accountlng standards and the Charities SORP. The financial statefflent5 have been prepared under the hlstorlcal c05t conventlon, except for the valuatlon of Investment assets, which are shovffl at market value. Funds General funds represent the funds of the PCC that are not subject to any restrictlons regarding thelr use and are available for application for the general pUryseS of the PCC. Funds deslgnated for a partlcular purpose by the PCC are also unrestrfcted. The accounts Include all transartlons, a55ets and Ilabilitles for whSch the PCC1s resryjnslble In law, They do not Include the account of church groups that owe their main affiliatlon to another body nor those that are Informal gatherfngs of church members. Incomlng Resources olun come and Collectlons are recognlsed when recelved by or on behalf of the PCC. Planned glvlng recelvable under Glft Ald Is recognlsed only when recelved. Income tax recoverable of Gift Aid donations Is recognised when the income Is registered. Grants and legacies to the PCC are accounted for as soon as the PCC Is notlfied of its legal entltlement, the amount due Is quantlflable and Its ultlmate receipt by the PCC Is reasonably certaln. Funds ralsed by the fete, garden party and slmllar events, are account for gross. Sunday mornlng coffee proceeds are accounted for net. Rental Income from the lettlng of church premlses is recognlsed when the rental Is due, as Is the case wlth 51 Goldsmith Avenue. Dlvldends and interest are accounted for vthen receivable. Tax recoverable on such Income is recognlsed in the same accounting year. alns and Losses on Investmen Realised galns or losses are recognised when investments are sold. Unrealised galns or losses are accounted for on revaluatlon of Investments at 31 December.
Parochial Church Council of St James, Milton Notes to the Financial Statements for the year ended 31 December 2023 l. Accounting Policies cont. Resources Used Grant Grants and donations are accounted for when paid over, or when awarded, If that award creates a blndlng obligatlon on the PCC. ivitles Dlrectl R I in The Dlocesan Quota or Parlsh Share Is accounted for when payable. Any quote unpaid at 31 December Is provided for in these accounts as an operational (although not a legal) liability and is shown as a credltor In the Balan Sheet. Flxtd Assets In 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 fumishings held by the church wardens on speclal trust for the PCC and whlch requlre a faculty for d[ssaI SIn the PCC conslders thls to be Inallenable property. All expendlture Incurred durlng the year on consecrated or beneflced bulldlngs and movable church fumlshlngs, whether for maintenance or improvement, Is wrltten off as expenditure In the SOFA and separately disclosed. Equlpment used with the church premises is depreciated on a straight line basis over 4 years. Individual Items of equlpment wlth a purchase prlce of £2000 or less are wrltten off when the asset Is acqulred. Investments are valued at market value at 31 December. urr Amounts owlng to the PCC at 31 December in respect of fees, rents or other income are sh'own as debtors less provlslon for amounts that may prove uncollectable.
Parochial Church Council of St James, Milton Notes to the Financial Statements for the year ended 31 December 2023 Unrestrlcted Restricted Endowment Total Funds . Totsl Funds Funds Fund5 Funds 2023 2022 INCOMING RESOURCES 2(a) Incoming Resources from Donors Planned givlng: Stewardship Income Tax Recoverable from Gift Ald Collections.. Ordinary Weddings Speclal 29567 7748 29567 7748 29883 7516 4115 1146 4115 1146 828 4159 937 1379 828 42576 828 43404 43874 2(b) Other Voluntary Incomlng Resources Legacies and Donatlons Summer Fayre Chrlstmas Bazaar Coffee Mornlngs Votlve Candles Flower Donations Parlsh Soclal Events Sunday Momlng Coffee Table Top Sales 784, 2364 2078 195 394 144 836 2699 1013 3538 2802 2822 581 454 loo 762 2650 1105 2364 2078 195 394 144 836 2699 1013 10363 144 10507 14814
Parochial Church Council of St James. Milton Notes to the Financial Statements for the year ended 31 December 2023 INCOMING RESOURCES cont. Unrestricted Restricted Endowment Total Funds Funds Funds Funds 2023 Total Funds 2022 2{c) Incoming from Charitable & Ancillary Tradlng Mllton Revlew Subscrlptions Mllton Review Advertising Milton Review Offertory Box Milton Revlew Donations Chlsrch Hall Lettlngs PCC Fees Studio Cards/Books Centenary Bk Sales 421 645 238 68 22769 4576 479 421 645 238 475 590 432 67 18338 4748 174 30 24854 22769 4576 479 29196 29196 2(d) Other Ordlnary Incomlng Resources Rents: 51 Goldsmlth Avenue 8594 8594 10500 8594 8594 10500 2(e) Income from Investments Interest 23082 23082 11113 23082 23082 11113
Parochial Church Councll of St James. Milton Notes to the Financlal Statements for the year ended 31 December 2023 3. RESOURCES USED Unrestricted Restricted Endowment Total Funds Total Funds Funds Funds Funds 2023 2022 3(a) Grants Missionary & CharitabSe Giving.. Speaal Collections Almsgiving 828 828 4718 1379 5235 4718 4718 828 5546 6614 3(b) Activities Directly Relating to the work of the 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 Llcences Church Maintenan Organ Maintenance Salary of Organist RSCM Subs Upkeep of Churchyard Church Hall Runnin8 Costs Salary of Cleaner Flowers Sundries Parish Social Events Equipment Leasing Architert Fees Junior Church Little Shells Interyiew Expenses S2890 52890 52890 264 264 264 9075 306 9075 985 1096 262 5646 6164 1886 556 5646 6164 1886 556 4726 5441 1834 628 4455 690 5809 iio 3789 3432 1321 5619 127 21(YJ 3432 1321 5619 127 211X) 2268 2268 1638 4746 100 5079 5079 144 144 30 836 907 2740 30 836 9)7 2740 762 1287 912 322 443 12 798 12 102056 144 102200 93189
Parochlal Church Council of St James. Milton Notes to the nnanclal Statements for the year ended 31 December 2023 3. RESOURCES USED cont. Unrestrlcted Restrlrted Endowment Totsl Funds Funds Funds Funds 2023 Total Funds 2022 3{c) Church Management & Administration Printing & Stationery Stewardship Envelopes Audlt Gratuity Chlnned( Shaw Management & Commission Charges re: 51 Goldsmlth Avenue 1930 79 loo 71 71 100 1260 2951 2951 3369 Durlng the year the PCC employed an organlst and a Churd) Hall cleaner, neither of whom earned more than £50,000 pa or more. 3(d) The organist. Mr H Darnley-smith and various locum organists were paid £5619 during the year. The Church Hall cleaners Mrs A Grlgo and Mrs E Manole were pald £5079 durlng the year. Apart from the at)ove, no other member recelved any relmbursement of expenses or remuneratlon, 4. FIXED ASSETS 4(a> Investment Assets Trust Funds held by the Dioose of Portsmouth are as follows: Book Value Mark¢t Value Empshott Rd Parsonage Trust Jeffrey Memorial Trust St James Trust St Patrlck's Misslon Hall Trust St Patrlck's Parsonage Trust 14678 317 1133 88300 1897 31731 1464 44080 170741 62300 106325 310316 4{b) Tangible flxed Assets Printer & Photocopler (NBV £1 each)
Parochial Church Council of St James, Mllton Notes to the Financial Statements for the year ended 31 December 2023 5. ANALYSIS OF NEf ASSEfs BY FUND Unregtiicted Rutrlcted Endowment Total Funds Funds Funds Funds 2023 Fixed Assets Current Assets Current Liabilities 310316 310316 472594 24561 450541 24561 22053 42598Q 22053 310316 758349 6. DEBTORS Total Funds Totsl Funds 2023 2022 Hall Lettln95 560 305 560 305 7. LIABILMES (AMOUNTS FALUNG DUE WITHIN ONE YEAR) Total Funds Total Funds 2023 2022 Almsgiving Chrlstingle Collectlon Chrlstmas Card Collect Legacles and Donations Marrlage Garden Fund Padsh Soclal Events Church Malntenance Flower Fund Walslngham Light & Heat 4718 459 213 11628 1160 4762 585 76 210 750 9392 544 436 9798 1160 5117 740 76 210 1500 24561 28973 io-