St. Mary's Parish Church Alverstoke with St.Faith and St.Francis Annual Report and Financial Statements of the Parochial Church Council For the year ended 31" December 2021 Rector: The Revd. Andrew Norris Alverstoke Rectory Gosport P012 2JA Bank: Lloyds Bank 20 High Street Gosport Hants P012 IDE Independent Examiner: Paul Robinson St. Mary with St.Faith and St.FrancÈs. Alverstok¢ Annual Report of the Pydrochial Church Council For the Year Ended 31. December 2021 Administrative IDforniatio St. Mary's Church is situated in the Parish of Alverstoke with St.Faith's building serving the northern part of the parish and St.Francts' the easL It is part of the Diocese of Portsmouth within the Church of England. The correspondence address is Alverstoke Parish oifice. G￿n Road. Alverstoke P012 2ET. The Parocbial Church Council (PCC) is regISte￿d with the Charity Commission and th¢ charity number is 1130178. PCC Membe￿ who hav¢ s¢rv¢d from l January 2021 until th¢ dat¢ this report was approved are: Clergy: Andrew Norris Steve Dent Rectorl Chair Associate Minisfrr Licensed Reader Representative: Darren Clarke Churchwardens." Kay Howard Graham Colllns Kathryn Clarke (from 2017-2021) (from 2020) (from 2021) De￿ery Synod R¢pres¢ntstives.' Margaret P(M)le Mike Critchley Debbie Thomas Kathryn Clarke Susan Smith (2020 to 2023) (2020 to 2023) (2020 to 2023) (2020 to 2023) (2020 to 2023) District Church Represelltativ¢s: St.Faith (Elected by District Churches) St.Fran¢i5 Mark Trasler Liz Hu&sain Elect¢d Members: Libby Norris Peter Fieldsend Huw Jon¢s Mike Crit¢hl¢y Kim B¢azley Sarah Savery Philipp& Harrap Bill Lock Peter Ford Pam Marsd¢n Sarah Oakley Julte Fields¢nd (2019 to 2022) (2019 to 2022) {2019 to 2022) (2019 to 2022) (2020 to 2023) (2021 to 2023) (2021 to 2023) (2021 to 2023) (2021 to 2024) (2021 to 2024) (2021 to 2024) (2021 to 2024) EX-0￿1Clo Members: St.Mary's Church Administrator Peter Camp Safeguarding Lead Recruiter Jan Windsor Structsre. Governance and Managen)ent The method of appointment of PCC rnembers is set out in the ChuT¢h Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for el¢ction to the PCC. ObJectiYe8 Activities The Parochial Church Council shares with th¢ Rector, the Revd. Andrew Norris, in decidtng upon th¢ 'policy' of the parish by which it is appointed in order to 'CO-operate with the Incumbent in promotion in the ecclesiastie&l parish the whole mission of the ChU￿h, (PCC Measure 1956)? pastoraL evangelistic. social and e¢umenical. To this end th¢ vision of the parish is Sharing God's L￿Ve in th¢ Cornmunity. The thre¢ chuwhes of St.Mary, St.Faith and St.Francis provid¢ for gre8t br¢&dth and variety both in worship and opportunty for serving the communities that make up the parish. This is also expressed through the ministy at St.Luke's which is under the oversight of the parish and ￿rVeS the growing Royal Haslar community. The PCC has maintenance responsibilities for the three churches of St.Mary, St.Faith &nd St.Fran¢is along with the Parish Centre, The Brodri¢k Hall, The Juntor Sailing Club, St.Mark's Churchyard and a house at 215 Privett Road, Gosport. All the buildings and fabric are w¢ll m&intsin¢d. On behalf of the PCC the District Chuwh Committee oversees the care of both st.Fr￿cis Church and St.Faith's Church. Management groups support th¢ PCC in the ¢ar¢ of The Parish C¢ntr¢. The Brodrick H&ll, the Sailing Club and St.Mark's Churchyard so that they can effectively serve the wider community of the parish and Gosport. The PCC is grateful to 'The Friends of St.Mary's' for all the support they afford towards th¢ maintenance of the Parish Church. The PCC has had responsibility towards the followtng staff: the Director of Music, the Parish Athnin- istrator, The Families Minister and the Baby & Toddler Group L¢ad¢r along with the Parish Centre, Brodrick Hall and the chur¢h cl¢8ners whom it has employed. Achievemettts and Perforn￿nce. There were 292 (+15) parishioners on the Electoral Roll. Church Attendance from the aDnual Diocesan Statistics for Mission r¢turns.' The parish's usual worship in person attendance in 2021 was 226 adults and 30 under 16's. st.mary s was J 72 wilh 20 wider 16," St.Faith's/LNC was 30 with 10 under 16,. sI.Franc￿ was 24. All services were steward¢d by the Churchwardens and Sidesmen for whom training was provided. LNC/I*eslandPioneeTing Kinistyfigures are includedfor ihefirst lime pneeting at St.Faith's. The special online worship of 2020 became livestreamed worship from St.Mary's on a permatkent basis from 2021 with about 40 worshippers each Sunday. The following c£r¢monies were conduct¢d during 2021: Weddings & Blessings 6 Baptisms & Thanksgivings 17 Funernls 34 PCC Review of the Year The PCC met six times during 2021 with a mix of online and liv¢ meetings where the average level of attendance was over 80 per cent. The Standing Committee met five times. reports of which wer¢ received by the PCC. The PCC also held two special meetings for vision and prayer. The other working groups and committees of the PCC were: Finance. Home Communion Pastoral Team. Parish Centr¢ ManagemenL Brodrick Hall ManagemenL St.Fran¢is' District chU￿h Commit- tee, The Leesland Neighbourhood Church team, St.Faith's Committee, the Junior Sailing Club Execu- tive, the St.Luke's Advisory Group, The Parish Centr¢ Regeneration Group and the Gen¢rnl Data Pro- t￿tion Regulation Group. Paramount importance was placed by the PCC upon ensuring that all procedures sutrounding the Safeguarding of Childre1] and Vulnerable Adults were implemented, along with attention being given to risk assessments plus h¢￿th and safety. These included appropriate and ongoing training with regard to safeguarding, food hygiene and for those Sidesmen and others involved in hosting services and events. A group continued to guide the PCC with regard to General Data Protection Legislation (GDPR) whilst Safer Recruilrnent guidelines have led to the provision of 'role descriptions, for all parish vol- untary roles. The GDPR guidelines led to revision of forms for Ele¢toral Roll membership from 2020 which included storage of personal details. contact and photowph perniissions. The major ongoin8 proje¢t of the PCC is the Regeneration of the PArish Centsr with the &im of build- ing a new centre for th¢ benefit of the community. The PCC'S purpos¢ is that a new ¢¢ntre should be a 's¢rvant' and add much of value to th¢ lives of people in the wider community. To this end the Par- ish C¢ntr¢ Regeneration Project continued io strive through 2021 in the areas of Fundraising and De- Sl8n l¢&ding up to a community l&unch of th¢ final designs in September 2021. The local Member of ParliamenL the Mayor, Leader of the Council and a number of councilors, plus representatives of lo¢&l businesses and residents attended the launch over two days. During 2021 the PCC sold of a prop¢ty known as the 'Curate's House, in favour of the Dew parish ¢entre. This is a significant project and whilst the work of the new centre has been the focus th¢ evident spin off has been the breadth of community involvement with so many people supporting th¢ regen¢ration. Fundraising was curtailed and much activity was restricted by the constraints of national lockdown during the pandemic. But since the summer of 2021 th¢ fundraising activities, concerts and events have resumed adding much social and Commuftity valu¢. During 2021 the thlly engineered designs of the new centre were com- pleted. The PCC are very thankful to both the voluntsry and professional teams for the work and exp¢rtis¢ they are offering to the major project for the futyr¢ in our community. Upon Completion in 2021 of our support for CHASE Africa. the PCC r¢view¢d our Overseas Mission Partnerships. Two new parthers were adopted for 2 years or so in April 2021. They are Th¢ Vine T￿st (with a medical ship in Peru) and GLO (Great Lake5 Outreach in Burundi). Although ￿nth21s- ing social activities were curtailed in 2021 the congregations of the parish were very generous to the ¢xtent that the parish was able to send £4000 to each of the charities at the end of the year. The PCC 8r¢ very gratethl for all this support and g¢nerosity in favour of our overseas paTthers. th addition to this some £3000 was also raised for Christian Aid through th¢ annual and sp¢cial ￿p￿als. Hospitsls were at the for¢front of the pandemic and the c1￿]engeS remain. but th¢ 'in person. ohap- laincy work of Revd Stsve Dent as 'Hon.Chaplain Gosport War Memorial Hospital and Associate Minister. resumed during 2021. The whole parish will be ￿te￿I for the dedicated work of hospital staff on th¢ front line. and cgtt workers and all those key workers who just kept on going. Beyond the hospital, as associate vicar, Steve applied himself to th¢ parish and oversaw the installation of the technology which allowed livestreaming to take place in St.Mary's . W¢'re gr&t¢ful to Steve for serving in his licensed role in th¢ parish as a volunteer. During 2021 Revd Erica Wilki¢ continued as Pioneering Curate for Leesiand and is seen from time to tim¢ across the parish whilst Leesland Neighbourhood Church was led by a team of four who sought to tske it forward as th¢ church emerged from the pandemic. The training role fornierly offered by Tim Watson was continued by Revd Steve Dent. The parish worked closely with our local schools during 2021 Whe￿ members of the Congregation serve among the staff or a5 governors. Six schools trnly valu¢ the ministy of our 'Op¢n The Book, &ss¢mbli¢s team which was largely curtailed except for producing videos during the pandemic. Som¢ schools visited St.Mory's and St.Faith's in th¢ autumn for their harve￿ R¢membrance and Chrisknas servic¢s. Th¢ parish Alpha Cours¢ r¢sum¢d during the Autumn of 2021 up to Christmas. Home Groups contin- u¢d to m¢¢t throughout the yvdr in both live and onlin¢ gatherings. Taken together parish home groups ¢nable about 100 people stay connected. Our Baby & Toddler Groups continued under the leadership of & paid lead¢r. Natasha HursL as did the Bumblebees group in ￿¢Sland hosted by R¢vd Erica Wilkie and Reader Sue Smith. They've offer¢d ministy which was all th¢ more important in emerging from lock downs. Other groups with young people suoh as Th¢ Junior Choir and St.Mary's Junior Sailing Club started to meet and grow again during 2021. SMJSC had a good season sailing on the creek. On Sundays a small group of volunteers endeavored to provide Tots and Kids Alive Groups for children in St.Mary' Meetin8s were held with about 30 parents and volunteers to adapt and renew the ministy of serving the young people and their discipleship. A small team emerged to help with afternoon t¢a time activi- ties &s well as Sunday mornings. Family Fusion emerged during 2021. The KFC (Ktds for Christ) midweek group run on an ecumenical basis continued to meet in the Parish Centr¢. This group has flourished arEd enjoyed 2 summer camps in 2021. The start of 2021 saw the PCC und¢rtak¢ a series of Mission Action Planning reviews to seek a strate• gy to emerge from the pandemic. The PCC invited any in the congregation to join them in reflectiThg upon th¢ themes of our reviews from 2014- to seek a next 5 year plan. The Reviews considered.. Buildings & Resources - proposing th¢ appointh)ent of & Facilities Manager Organisation & Communication - proposing a new communications administrator role Older Pet3ons - renewing the role of a champÉon and gatherings like Connections/Gam¢s Af- temoons. Families, Children & Youth- Proposing a n¢w Families Worker role Worship - adopting changes out of the exwience of the pandemic and emerging in worship with confidence The ministry of music has b¢¢n both a blessing and a challenge to sustain. Our Director of Music, Organlst and Choirniast¢r held the choir together in fellowship through the pandemic. A review in summer 2021, out of the mission plannin& led to an aspiration to see the choir grow by through host- ing a 'monthly' ￿￿1 choral evensollg. These services and new members saw the choir grow in confi- dence during the summerlautumn of 2021 and the choir continues to flourish in the weekly morning and monthly evening services. The tnusic Worship Group has found itself facing greater ¢halleng¢s to provide th¢ music for Church Alive with much of the responsibility falling upon Anne Beazeley to mainlain this ministy. The members offer such an important ministy but the group do need new mu- sicians across the instsijments and vocals to recover to pre-pandemi¢ confiden¢¢. The orchestra re- em¢rged in autumn 2021 and has welcome & few new instnunentslists. The Junior choir started to ntribute to Church Aliv¢ again in Autumn 2021. A significant challge for th¢ p￿ISh organization cam¢ with the retirem¢Tht of Sue Simpson, our Parish Administrator of over 20 years. A colle&gu¢ was appointed to join Sue last summer for thre¢ months and we are grateful to Melissa for that wo￿. It helped pave the way for Sue to move towards r¢tire- m¢nt and towards the appointment of a n¢w Parish Administrator (Nov) and a new post of Communi- ¢ations Administrator (Oct) with Sue ¢ontiThuing to December to induct the new team. The PCC ex- press thanks to Sue for many years of faithful service to th¢ parish and tt) the Parish Centre and be- yond for the church. The parish expressed their appreciation upon Sue's retirement and We￿ ￿￿teful for Sue's leading of the Iransition to the new staff. Hence the PCC was pleased to wclcome Kate Warstone and Rachel Pip¢ to their new roles in the Parish Centre office. Anoth¢r athninistrator in the parish is P¢t¢r Camp who has the title of 'Church Administrator, for st.m￿,$. Peter h8s kept St.Mary's in such good order for many years, he also organises our wed- dings along with chairing the ind¢p¢ndent 'Friends of St.Mary's' to whom the PCC are thatthful for all th¢ir support of the church and it's h¢ritage. Peter oversaw all negotiations for th¢ leases being pre- pared on behalf of the PCC. The PCC has been incr¢dibly well and faIth￿IlY served by our Honorary Treasurer since 2015. Tim Finch has guided the parish and stewarded our acwunts remarkably an¢ despite all the challenges, his ovcrsight has helped us maintain good acwunts in through difficult times. Tim retired as our Tr¢asw- er at the ¢nd of 2021 and signs-off after hig presentation of the 2021 accounts at the amiuat meeting. We are very grateful to Tim for all his time and hard off¢r¢d on behalf of the whol¢ church and parish. Tim has been succeed¢d by R¢b¢¢ca Strong as parisb Tre&sur¢r in 2022. At the last annual meeting Kathryn Clark¢ stepped back in to th¢ role of Churchwarden for just one year. The PCC are thankfvl to Kathryn for this extra ttme of serving us ￿ warden and being a ¢ol_ leagu¢ of Graham Collins in this role. The parish s¢¢ks a new warden at th¢ APCM in 2022 to suc- ceed Kathryn. The PCC are grateful to all our employees for their cooperation during the challenges of 2021 _ to those who ¢l¢an our pr¢mises, to Sue Simp50n our Parish Administrator, Paul Pilott our 'Organist & Director of Music. at St.Mary's, and our 'Baby & Toddl¢r Gmup Leader,. They served us as employ- ees beyond th¢ call of duty and off¢r their work as an expression of ministy. to them the PCC are very thankful. Th¢ offer of the NEST ￿nSIOn scheme is now fully taken up by our paid staff. The Brodrick Hall site hosts the Goswrt District Scout HQ. The PCC ¢ontinued negotiating ternis of a new lease with the DistTiCt Scouts for the HQ to the point where the t¢nns were agreed and the new lease for 7 years was adopted in the summer. St.Mary's Church hosts a telecoms m&%t and a new lease was being negotiated during 2021 and is due to be signed in 2022. The Licensed Minister staff (Readers) offer voluntary ministy and the PCC are vy grateful to Susan Smith. Dam Clarke and to Paddy Tr&8leT as Readers as they continued to serv¢ the parish. The PCC are gratefvl for this strong team known as our Licens¢d Ministers. This team continues to be support- ed by Diana Dow in her retir¢ment who ha5 Pernii$510n to Officiate from the Bishop. Th¢ PCC aT¢ also thankful for the voluntary WO￿ of retired clergy with Pemission to oirtciate and wish to record thanks to R¢vds Humplw¢y Prideaux and Reg Forse who stepped up after loekdown to serve again in leading our worship. preaching and offering frRendty p&storn] care during 2021. Sadly, for 2022. both Hutllphrey and Reg hav¢ indic&t¢d that they will 'r¢tire' from their long ministries in this p￿llsh since settling here after their 'f￿$t. retirements. We are very gratehl to them both for their fakthful service and ministy. Having previously identified 275 volunteers (2017) who serv¢ in and through the chureh the PCC appr¢ciates that the frontline ministy of the parish is through the voluntary activity of all members. 2021 saw chall¢nges to voluntary service. New expressions of serving in community ¢m¢r8ed whilst other ministri¢s saw their teams diminished. Hence the work of th¢ 275 in 2017 has proven hard to maintain in visits to our 13 nursinglc&re homes or 6 schools. older persons or children's groups ¢tc. There has been a reduction in identifiable volunteers in such p￿ISh mintstries of about IOO p¢opl¢. But other fornis of volunteering hav¢ emerged and new ministries among them. It continues to bo tremendous that so many give of themselves so freely out of love for God and in our community. It is this offering of ministy through every memb¢r which is the ttve expression of our worship and life as a church across this parish. In addition to this is all th¢ extra withess that is continually offered in acts of ￿rvICe by ¢v¢ry member in their daily life, home and workplace- and also that volunt¢ering offered by others in the past. This is what expresses the gifts and hallmarks of God's kingdom in serv- ing and transfonning lives and society in love, mercy and justice. All that is offered is tyly moving and a ¢ause for great thankfulness by th¢ PCC and across our church fellowship and community. PCC Financi￿ Revlew The pandemic saw the income of the paTish signific&ntly trduced. Both in ternis of th¢ planned giving &nd gifts received (down over 300/0), along with the income from fundraising activity that could not go ahead (such as the Christsnas Tree Festival eg, minus £9000). Not only was illcome dowm but also was the joy. th¢ o¢lebration, th¢ building of community and mission which those occasions off¢red. Although th¢ pandffllic l¢d to a significant f811 in parish income it was partly offset by 8 r¢du¢tion in exp¢nditl]r¢ and the PCC are very grnteful for th¢ taketi to reduce costs. apply for grants for some of ow buildings and staff. Bnd to manage our finances during such a difficult year. Income was gratefully received in favour of the Families Minister, the Choir Fun￿ The Flower Fund. Youth Activitie4 St.Mark's Chur¢hyard and St.Luk¢'s Church plus th¢ Fri¢nds of St.Francis, St.Faith's, the Organ Fun￿ Parish Centr¢ and The Brodri¢k Hall. Th¢s¢ all feature within the ac- counts along with the accounts of the Parish Centre Regeneration Project. In addition to this the PCC recoTd their thanks to The Friends of St.Mary's for th¢ir ind¢pend¢nt support towards the upkeep and care of St.Mary's Church building. Earned rental incom¢ was reduced from the sale of the house at 215 Privett Road although was main- tained fiDm the EE Phon¢ Mast on the parish church tower. St.Fran¢is ¢on8regation made a contrib￿lOn$ towards the Parish Share along with the support that is afforded to PCC futkds from the Brodrick Hall and Parish Centre. The PCC ¢ontinu¢ to understand that St.Faith's COn￿egation are not be in a position to contribute towards the Parish Share. The PCC paid thoir wntril)utioD to the Parish Share in full during 2021. The PCC were keen to &ddr¢ss matters of iThcome and expenditure, and continued to focus upon encouraging congregational take up of the new Parish Giving Scheme (PGS). In 2021 the costs of 'running' the partsh wer¢ r¢duced for another consecutive year but th¢ over8]I 'planned giving, was reduced along with gen¢ral donations for another year. Th¢ PCC are v¢ry thankful for all the g¢nerous giving and hard work in fundraising and stewardship of accounts. The PCC were grateful for the generous giving in favour of the new mission partnership4 gifts sup- porting some of th¢ poorest communities in Africa and South America. PCC Reserves and Investment Policies It is the PCC policy to maintain a bdance of reserve fijnds which ¢quates to at least six weeks unre- stri¢ted payments, to cover emergency situations that may arts¢ from time to ttme. It is the PCC poli￿ to invest fijnds in propety, the CBF Church of England Deposit Fund and Gov¢nun¢nt Stock. Subject to ind¢pendent examination the accounts w¢r¢ approved at the meeting of th¢ Parochial Church Council on 8th March 2022. Signed: Is/ LL R¢vd Andrew Norri4 Chair of the PCC PARISH OF ALVERSTOKE NOTES TO THE AGGREGATED FINANCIAL STATEMENTS FOR YEAR ENDED 31st DECEMBER 2021 1. ACCOUNTING POLICIES The financial slalemenls of the PCC have been prepared in accordance wrth the Church Accounting Regulations 2006 together wth applicable accounting standards and the SORP 2015. The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of Church groups that owe their main affiliation lo another body, nor those that are informal gatherings of church members. Funds Endowment funds are funds, the Gapilal of which musl be maintained.. only income arising from investment of the endowment may be used either as reslricled or unrestricted funds depending upon the purpose for which the endowments was established. Restricted Funds represent lal income from trusts or endowments which may be extended only on those reslriclecl objects provided in the terms of the trust or the bequest, and {b} donations or grants re￿iVed for a specific objeel or invited by the PCC for a specrfic object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent al the end of each year musl be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned lo individual funds on an average balance basis. Unrestricted Funds are general funds which can be used for PCC ordinary purposes. Incoming Resources Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate are received. Grants and Legacies aTe accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when re￿Nable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross. Resources Expended Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. The diocesan quota or parish share is accounted for when due. Amount5 received specrfically for Mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for Gross. Flxed Assets Consecrated and Beneficed propety is excluded from the accounts by s.10121 of the Charities Act 2011. 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 inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement. is written off as expenditure in the SOFA and separately ¢Jisclosed. Equipment used within the church premises is depreciated on a slraighl line basis over 4 years. Indwidual items of equipment with a PL)rchase price of £1,000 or less are written off when the asset is acquired. Investments are valued al market value at 31 sl December. PARISH OF ALVERSTOKE BAL*ACE SHEET AS AT DECEMBER 2021 Not* 2021 2020 Fiyed Ass8ts Tangible Flxed a$sets Investment a55ets 200,(MIO 373.916 5b 4e3.139 407,175 663.139 781.091 Current A55ets Stock 564 564 Short TeTrn Derostrts Cash at bank and in hand 98.583 100.287 438,124 198.360 Debtors and Prepayrnents Loan 5,999 7,915 543.270 307,126 LlabllStles'. Amounts Falllng Ou6 Wlthifi One Yoar 10 18,3031 18.9581 Net Curront As88ts 534,967 298,168 Llabllrtles.. Amounts Falllng Du8 Aft8r Ome Year 11 Nèt As$•ts 1,198,105 1.079,259 FuThd8 Unreslricled 13 351,849 341.309 Restricted 4&13 383,115 156.857 Endowment 73 463.141 581,093 1.198.105 1,079,259 Apwoved by the Psroch181 Church Council and signed behalf by PARISH OF ALVERSTOKE NOTES TO THE AGGREGATED FINANCIAL STATEMENTS FOR YEAR ENDED 31st DECEMBER 2021 1. ACCOUNTING POLICIES (Continugdl Grants payable without performance conditlons These are only recognised in the accounts when a commitment has l)een made and there are no conditions lo be mel relating lo a grant which remain in Gontrol of the charity. Support Costs Support costs include central functions and have been allocated lo activity cost categories on a basis consislenl with the use of the resources, eg allocating property costs by ftoor areas. or per capila, staff costs by the time spent and other costs by their usage. Basls of preparation: The financial statements are prepared on the historical cost basis convention las modified lo include the revaluation of inveslmenls} in accordance with the Charities Act 2011, 'Accounling and Reporting by Charities" {SORP 20151, applicable accounting standards and the Companies Act 2006. The accounts have been prepared on a going concern basis. The charity meets the definition of a public benefit entity under FRS 102. The Charity has claimed exemptions available in Seclion la of FRS 102 not to prepare a cash flow statement since it is a small charity. 2. and 3. INCOMING RESOURCES AND RESOURCES EXPENDED Details of income and expenditure for the six funds can be found in the notes lo the individual accounts attached. 4. RESTRICTED FUNDS Balance 01-Jan-21 Income Expendi- Transfers Balance ture 31-Dec-21 Sl Mary's Alverstoke Privet Place Deposit Breakthrough Fund Choir Fund Flower Fund Ethiopia Fund st Lukes St Marks Rounding Errors 42.367 42,367 3,290 1,681 333 3,991 91 387 225 8,255 191 52 2,903 1,456 2,637 4,003 39 10,559 203 St Ma￿5 51.753 10,762 53.405 St Falth's St Francis Friends of Sl Francis 389 Organ Fund 5.214 451 Parish Centre Michaelmas Fayre Parish Centre Regeneration Fund 93.622 34.850 25,392 214,308 317,388 93,622 34,850 25392 214308 317388 TOTAL RESTRICTED FUNDS 1 $6,857 46.452 34,502 214,308 383.115 PARISH OF ALVERSTOKE NOTES TO THE AGGREGATED FINANCIAL STATEMENTS FOR YEAR ENDED 31st DECEMBER 2021 5. TANGIBLE FIXED AND INVESTMENT ASSETS See notes 5a and Sb lo Mary's Accounts and Parish Centre Accounts and note 4 to Brodrick Hall Accounts for the total of these assets. 6. SHORT TERM DEposrrs 31-Dec-21 31-Dec-20 Sl Mary's Sl Faith's Sl Francis Parish Centre Brodrick Hall Organ Fund 87,222 87.212 11,361 11.760 1.315 Total Short Tem) Dep¢)sits 98,583 100,287 7. CASH AT BANK AND IN HAND 31-Dec-21 3l￿eC-20 Sl Mary's Sl Faith's Sl Francis Parish Centre Brodrich Hall Organ Fund 72,637 7,893 1,751 336.720 13,457 5.665 63,653 11.075 1,525 110.694 7.514 3,899 Total Cash at Bank and In Hand 438,124 198,360 8. DEBTORS AND PREPAYMENTS 31-Dec-21 31-Dec-20 St Mary's Sl Faith's Sl Francis Parish Centre Brodrick Hall Organ Fund 5.859 106 7,915 34 Total Debtors and Prepaym9nts 5.999 7,915 9. LOAN See Note 9 to St Mary's Accounts PARISH OF ALVERSTOKE NOTES TO THE AGGREGATED FINANCIAL STATEMENTS FOR YEAR ENDED 31st DECEMBER 2021 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31-Dec-21 31-Dec-20 St Mary's St Faith's St Francis Parish Centre Brodrick Hall Organ Fund 8,021 8,852 230 52 106 Total Crèditors (falling due within one yearl 8,303 8,958 11. CREDITORS.. AMOUNTS FALLING DUE AFTER ONE YEAR 31-Dec-21 31-Dec-20 Total Creditors {falling due after one year) 12. INTRA-FUND TRANSFERS Funds which pass betweén the different intemal organisations have been identified 8nd eliminated to enable true and fair total income and expenditure figures to be arrived at for the Parish of A￿er$toke as a whole. The column shown on the aggregated financial statements entit18d 'lntra-Fund Transfèr8, shows the tr)tal redvctions as d8tailed below.. Income Expenditure Note Sl Ma￿S Parish Centre Admin Contrlbulion Admin Contribution 2,596 2d 3d 2,596 St Mary's st Francis Admin Contribution Admin Contribution 2d 3d St Ma￿S Brodrick Hall Admin Contribution Admin Contribution 1,250 2d 3d 1,250 St Marls St Faiths Sl Francis Parish Centre Organ Fund Brodrick Hall Admin Contribution Goverllance Governance Governance Governance Governance 2d Total Reduction in Overall Income Total Reduction in Overall Expenditure 3,846 2d 3d 3,846 PARISH OF ALVERSTOKE NOTES TO THE AGGREGATED FINANCIAL STATEMENTS FOR YEAR ENDED 31st DECEMBER 2021 13. ANALYSIS OF NET ASSETS BY FUND General Restricted Endowment Total Funds Funds Funds Funds 2021 Totsl Funds 2020 Fixed Assets Investments Current Assets Current Liabilities 200,000 173,916 373,916 373.916 463.139 463,139 407,175 543,268 307,126 -8.303 4,958 159,972 383,295 -8,123 -180 351,849 383.115 637.057 1,372,021 1,079.259 14. STAFF COSTS These are detailed below bul more details are available from the individual accounts.. 31-Dec-21 31-Dec-20 Sl Mary's St Faith's st Francis Parish Centre BTodrick Hall 25,568 647 339 4,620 1.144 34.093 404 144 4,531 1,144 Total Staff Costs 32,318 40,316 15. PAYMENTS TO TRUSTEES AND RELATED PARTIES No olheT payments than reimbursements were made to trustees or any persons connected with them during this financial period. No material transaction took place beNveen the organisalion and a Iruslee or any person connected with them. 16. RISK ASSESSMENT Th8 Council 8ctlV81y rewew the major risks which the charity faces on 8 regular basis and believe that rn8intaining the free reserves slated cornbined with the annual review of the controls over key fin8nci81 systems carried out on an annual basis wll provide suffic4ent r850urces in the èvent of adverse conditions. The Council have 81so èX8min8d other op8r8tional and business risks which th8y f8ce and confirm that they have gslablished Systerns to mitigate Ihe significant risks. 17. RESERVES POLICY Th8 Council have considered the level of r8seTves they wish to retain, 8ppropriate to the charity's needs. This is based on the charity's str£e and th8 level of financi81 commitment5 held. The Counal 8ims to ensure the charily will be able to conlinue to fulfil its charitable objectives even if there is a temporary shortfall in incom8 or unexp8Ct8(1 èxpendthre. The Council will endeavour not to set aside funds unnecessarily. 18. PUBLIC BENEFIT The Council acknO￿edge$ its requi￿rnent tts demonstrate c188rfy (hat it must h8ve charttsble purposes or 'aSms' th8t are for the public benefit. Details of how the Council has achieved this are provided in the annual report included, The Council confirm th8t they have paid due regard to the Charfty Commission guldanc9 on publtc benefit before decAding which activities the Council should undertake. tma SPCCMV of Fin ncial A ear En rnber 21 Note Urbrestr4ct¢d RostrlEled End¢S￿nt Totsi Fund Funth Fund$ 2021 2020 INCOMe AND ENDOWMENTS FROM.. Donallons and Le08￿$ OiherTradlng Acbvrfies Invethen 154.470 10,762 1S5.232 1e2.719 74 74 22.4 22.4 35.895 Charitable ActivMe5 9,8 12.924 (Jher In¢we 40.392 40.392 TOTAL INCOME 186.806 10.762 40,392 237.960 211.e36 EXPENDITURE ON- Rak4ing Fund5 Co$tsofYpn8ratinpvduntarylr￿thT￿ Fun&r8i$in9tradMg Investr(Ent man¥gemenl costs ChariLible Acbvthe$ 89 89 128 288 255 543 180.310 8,855 189.165 207,202 Other EXper￿lture TOTAL EXPENDITURE 180.687 9.110 189.797 207.430 N•tln¢omellExpendJtur*l 8.119 1.652 40,392 48,163 4206 Galns on Fr••hold Propertle5 Reali$¢d Qaln5 and Los$è5 on Invwmvnts Reallsed Sb unrea￿Sed 5b S5.W4 55.964 25.919 N*t Movoment In Funds 6.119 1.652 96,356 104.127 30.125 B•l•n¢•6 lJr¢wBhtforward i11stJaknu￿ 2fj21 98,736 51.753 581.093 731.5B2 701.456 jwed B¥lanre bifwj. Roundtro Errors TrAnsfer0fs•￿012Ifj Pdvett Road lo Parfsh woneta 214.308 214.308 BDLincos carrled loY￿rtt at31st DeEernber 2021 104.8S5 53,405 463.141 621.401 731.581 Sl Mary as at 31st De r2021 Not¢ 2020 Flx4ttAGS•ts TanP1b￿ assets 173,916 Investment •sseL* 5b 463,139 407,175 463.139 581,U91 CurrentAss&ts SID¢k DebtfKsano Prywn2nts ShDrtTem) DÈpasit5 Cash at bank and in ha 7,915 B7222 87.212 72,637 63,653 LoEn 166.282 159.344 LlJbllltlBs'. Amounts Falllng Duewlthln Oh¥Yq?r 10 18.8521 Net ¢urrnntAssots 158.￿1 150.492 LIabIl￿te$.. Amounts Falllng Due Afftprone Year NfjtA85ets 12 821.401 731.583 Funds UnresirKt 104.855 98,737 REstr 53,405 463,141 51,753 E￿0￿ment 581.093 621.401 731.583 AppTove4 by1￿ Paroehbl Church C￿Jncll ar￿ *gnedon rts behaNby Sl Mary nt Fin ttvrtle5 for rEn mbei 2021 Accounliry Pollcle5 See Policy slated In 89g￿98tt4 8¢wJnt Unre￿￿ed Funds Resttictsd EndowmEnl Funds TDtsI Fund5 2021 2 Income and Endown>snts From.. Funds 202 rionatloRsandLegB¢l• p￿nDed Glwng" EnvekTrp9￿Sta￿drng 0￿er Tax recoverabie Cd*tions 107.101 24.344 6.160 5.030 3.273 107,126 24,432 6,363 5,030 3,373 104.670 30.168 6.055 6,349 6,993 4,457 Grènts Other L8oa¢y 20 740 100 nloi S8Nino ¢￿ts Event5- Choir Fund Shaping the Fuiuie Youth W Afrlcan PArtrErshlp Sl Ma￿9 Chutrh Yaqj Sl Luke5 Church 707 1.322 707 2,570 219 1.322 10.346 10,346 270 154,470 10.762 165.232 1e2,719 Othfrr Trndln9A¢yvltfos 2￿ Club AA eook p￿t0¢O￿n9 and PdntirvJ 24 24 74 74 Invtywfrneyjts B8nk Inter¢51 Stock O￿ldendS C8F Deposlt Interest C8F Share Divlden Rentgl froffl Prop2rty Rentsi 12 12 289 11.5 289 840 11.083 12.333 11.744 35.855 11,553 8.9U8 22.453 8,988 22,453 CharRahle Actmlles Klagazine Magaine- Advert3 Wage Repayments.. Patpsh Centre PCC Weddlng and Funeial Fees FI0￿rG￿lI1 ConthbulloD'. 8wdtirk VAII & PC Admin Sup Other InrDme 823 1,196 4.$80 3.047 90 1b27 1,144 517 12,924 2.379 2,739 2,379 2.739 1.726 1,231 1.689 1.728 1.231 1.689 9.8 Otherlnciw InSLYance Clalm5 173 173 40.392 Stswus. S8t•ofFlxod Assots Total Income 188,979 10,762 40.392 228.1 211,638 St MBry Unrestrlcted Funds Restrf¢ted Fund5 EThdo¥kni•nt Fwds T¢thi Fynds 21 202Q 3 Expendhtsre on.. Ralslng Funds ¢¢￿ts t>lggnerallng volunt•ryincoJn• Ctssis of Ch[1*￿￿ SIPWa￿Sh￿pCarnPg￿n FUndraI￿n9 Ex￿nI*S 89 89 89 B9 128 FUn&tsrJlngtr￿￿g.'co￿0I￿o￿5 soldandotlw¢05ts ¢o$i ol Fwo R¥is1 Cost of Chri%lm85 Tree Fe5￿Val 200 Club 255 288 543 632frJundlnJSxln ETB 377 255 632 228 CharhablèA¢iivllSès i%slonBrysoc*bes Secu4aT Charilles ChuTches Overse35 Reliel Deveknpmen1Bgenc￿S Horne k4iswon Disty. DNxe5¥n Faliw Shore a91gy Expen5e5 Reader￿tsff ExpEnse5 Deanery Adveriisln9 Upkeep.. C¥ganiBland Cholr W?f8r&, wlneand ca￿1 B8pbsm Expenses Sdol$i FEpsJnLI CthrExpen5es WeddinolFhMei Expenses Church Items and Botths Church Runnlng Expensos.. Healing L￿hti Insur3n¢e WaieT 8nd Sw6wge Refieghments ehwth rep31rs Upkqep.. Maintenance o￿an Piano Exbngui$hcrRert Pmpety. Retiory 215 Prlvett Road Gornel Road Rentsl 1.2 1,g39 129,615 850 1,939 129,61S s.soo 134,037 1,459 1,134 387 92 387 363 439 f25 225 197 197 28U 4.761 5,343 21D 473 4.761 5,945 210 473 638 638 423 518 1,249 1.249 2.319 2.294 2294 3,102 Oioan SthDlar5hlp Sl Kla￿8 Chjrthrdrd St Lukes O¥erseas Fund sha￿ry the Future Staff SalaF￿5 a[￿ Wages Diorwn*odifWJ and Fvneral Fe2s sbbweryand prtnlng mthiki15 TE￿phOneS Equlpment and Maifflenar Petty Cashand PDStage subsc￿ptiws DeanEryEApEnsES DepreriatsDn OtrKe Eouffj¥nenl SerMors, FamlWe5 YoJihWLYk Alphè OtherBank Charges Mlscellaneou5 ExpEnd￿Ure IThYepe￿nt EX8￿n￿￿ F￿S 52 25.568 25.568 34,093 835 1.257 2.59D 389 835 1,257 2,190 369 1.487 I.￿9 1.n9 1212 647 130 110 305 1,046 1,380 150 233 2,033 1.740 2.033 1,740 180.310 8.￿5 189 16$ Other re50ur¢es Bxpended Total Expenditur¥ 189 797 Sl Mary 2020 4 St•ff Costs w￿e5 and SaLqAe5 s￿al secuiltycosts 25,568 34.OB3 25,568 34,093 DUrfn9th2￿l￿trÉpCC ernpl￿d an ¢y9anisL 3 parish secretsry. i¥w parillm&dean8ts a Famllle5 Mini*Or. one ol*thom ta￿*￿ £10.OOOor mole. Th¢ PCC parriclpates in th8 H14 Revenue Cu¥torns PAYE Scheme. Noempbytr ror4ved emoluments In 8x¢8s¥of £60.0￿{202l." NDnel 5 Flxed As¥vts lor Use ByTh• P¢C 5• Tangible Flxed Assets Fr••hold Land and B¥ildir 215 Pr￿l Ro￿, Gosport Total 2021 Total 202 Co¥tai 1slJanuary2021 Purthase 173.916 173.91e 173.916 Di5pxaL% Marketvalue ￿31$10&ember2O2l 173.916 173.916 347,832 173.916 Sb lThve5bn*nt A8$0ts Cost sa￿ Prtt￿$ Unwli GalnsllLos5851 lJarkeiv8lu& KlaTkelValue 31 Oec 21 31 Dec 20 Realised Loss Endo*￿ent F￿r￿S 16399 Share$ CBF Investr[￿l Fund 48,211 283￿07 335,296 34,003 25,566 12,310 407.175 1563 Shares CBF Investrnwl Fund 889 .892 1250 Shares ¢BF InVestry￿￿t Fund 3.678 29.242 7278 Shares ¢BF fixed intqresi securfbBsfu Totsi End¢Y￿lient Funds 11.498 55.964 483.139 Ge￿ff￿ Funds 3.5% Warstock $ DebtorF PrepayThents 2021 2020 GfftAld RecoveratrAe 5.859 6.218 Steward5hlp Envek)pÈs-P JRS Grani CiglmforNov Dec20 1.697 5.859 7.915 7 Short Tfj￿ Depostt5 2021 2020 CBF 08posilAccounl. St Ma CBF DewsilAccovnl- Sl POAty$ LIW 32 D$yNDti¢e-St Marjts Natweyi RBsErv9 A(￿un1- SKUSC 1B2 42,367 42.367 30.381 12,271 12.270 8arcl8y5 Bu$ine55 RKeNeAc¢Dunt- c￿1r Fund 2.012 2.01? 87.￿? 87,212 a Cxh at B8tsk ond In hand 2021 2020 LI0￿5 TSB cu￿entA￿￿￿tA 2. SI LW5 TS6 h5tanl AccessA¢¢ounl-Sl Marfs Peity Cash Uos*TfeaSWe￿ Accwnt Fwni1￿S k4intsteT Natwest Curreni A￿￿ttAt- SK4JSC tsarclays CommunnyArtwrf. ¢t￿r Fund LW5 TSB Account. Fund 39.069 24.886 12,51S S,830 506 1.458 1.279 1,680 892 72.637 .653 9 Loan None 10 LIBbllitle5.. Amou]bts Falllng Due Wthln OnÈYÈ&r Utban Sain15 Independent Ex¥rr4ners Fe Llo&unt 2 Incoming R¢sourc Llnre8trlcted REstr6cted Endowment Funds Funds Funds Totsl Funds 2021 2020 Incoming resources from goneratod fund8 Volunlaryln¢om• Income Tax r6COV8rab Pbnned givlng olleclions (open p18tel at all services Grants DonaiK)ns and Appeals Events 3,956 449 3,956 449 4.150 495 1S3 388 4,793 4,405 388 4.798 ¢tlvities forgenor4tlng fvnds H811 Lewngs Eladrialy Refund Rector Wedding and Funérdl Fees Photocopying ar￿ Printing 1,049 1.040 7,090 1,049 1,0￿) Investmtrntlncorne Bank and D8posit Account Interest Incoming Rosources from Charitable AGtlvltl88 Bookshop IMW￿S hekl forchurd) Parent8nd ToddK9r greup 57 57 57 57 Adjustm8nt to avow for cheque 666 nèver¢x¥h Repasrynent by C￿a￿er for doub￿ pay Othèr Incoming Resour¢eg 130 eo 60 60 60 Totsl In¢omln9 Rosourees 6,671 389 5.960 10.223 Sl FrdfL49 3 Resourtes Expondod Unr•5trlctod Reslrf¢tsd Endowment Totsl Funds Funds Funds Funds 2108 2020 Charitable Acti¥ltlo8 S8cu18r Ch8ribe5 Churches Overseas Relief Development 8gend8s Hom? Mlssion hAinlsty'. Dio*san Fairer Share Clergy Exp8nses ReBder Expenses Improvements MaintÈnan¢* and repairs PSano Maintenance and Repeirs Ex￿ngUIsher Renial Other Servws Upkeep.. H￿nn BDok and Bible$ Vislllng S￿ake[s Sunday School Other Expenditure on Bookstall Church Running Expenses.. Htralin9 and Li4hllng Insurance 4.200 4,200 4.200 269 430 75 150 150 20 47 47 57 57 910 910 391 391 Cleanlng Malerials CleaTrin9 Wa98S Water and Sewag8 Other P8yment on behatt of church Parent & Toddlgr gmup Contributit>n to Sl V¢rfs Misc8118nÉous 339 339 144 256 6,363 6,363 6.478 Total Re8our¢a8 Expended 6.363 6,363 6.478 2021 2020 Staff Cost6 Wages and sak8r￿s 339 339 144 144 5 Dèbtors: AmourTrts Falllng Duo Wlthln One YeBr 2021 2020 Sl FrarK 6 Short Tomi D8posits 2021 2020 Lloyds Business Reserve Lb5qJs Busines$ Reserve Frlends 5,093 e.268 11,361 5.492 fj.2e8 11,760 7 Cash at Bank 2021 2020 Uoyds Current Account 1,751 1,751 1.525 1.525 8 Llablllties: knounts Falling Due Wlthln One Year 2021 2020 Independent Examiners Fees Icgncelk8d for 20211 P8yTnent to Sl Marys PCC for de8ners wag85 for 2021 230 230 9 Analysi5 of N•t Assets By Fund Unrestrirtfrd Rosmctqd Endowm8nt Funds Funds Funds Total Funds 2021 2020 Current assals Cutreni liabili￿5 6.455 12301 6.225 6,657 13.112 12301 12,882 73.285 6,857 13.285 10 The restrlctsd lund ¢ompri8è5 the-FrleDds ol St Francis" 51 FrorKI$ Stma '$ PCC- Parish Centre Statemènt of Financial Actl¥ities f T the Year Endè 31stDe ber2 Noto Unrè$lricted Restrletsd Endowment Funds Funds Funds Total Funds 2021 2020 INCOME AND ENDOWMENTS FROM: Donations and Lega¢ies Other Trading Activities Investments 1,400 12,266 13,666 24.086 15,386 15.386 16 14.096 16 113 Ch8ri1able Aclivitses Other Income 22.568 22.569 3,317 TOTAL INCOME 16,787 34,85Q 51,637 41,612 EXPENDITURE ON: Raising Funds Costs of generating voluntary income Fund-raising trading Investment Mana￿Ment costs Charitable Actlvities 14,527 25,392 39,919 26,183 Other Expendllure TOTAL EXPENOITURE 14.527 25,392 39,919 26,183 Net Sn¢omingl(outgoingl r•soure•s 2.260 9,458 11.718 15,429 Gains on Freohold Properties Unrealised Gains and Loss•$ on Inv•stments Realised Unrealised Net Movemènt In Funds 2,260 9,458 11.718 15,429 Balances brought forward at 1st January 2021 Transfar of Sale of215 Privett Road to Parish wener8tion Balance5 carried forward at 31st D¢¢ember 2021 117,072 93,622 214.308 317,388 210,694 214,308 436,720 195.265 119,332 210,694 Par￿h Centre Balancè Sheèt as * 31st December 2021 Not¢ 2021 2020 Flxed As$•t$ T8ngiblè Fixed assets Investment assets 5a 100,000 100,000 Sb 100,000 iOQ,(M)O Current A55ets Debtors and Prepayments Short Term Deposits Cash al bank and in hand 336,720 336,720 110.694 110.694 Liabilities: Amounts Falling Dua Wlthin One Year Net Current Assets 336,720 110,694 Net Assèts 436,720 210,694 Funds Unreslricled 119,332 317,388 117,072 93,622 Restricted Endowmanl 436,720 210,694 Approvgd by the Parod)ial Church Council and signed on ils behaEf by Dated P8ri5h Centre tatemènt of Financial Activlties for the Y8ar Ended 31st Decem er 2021 Accounting Policies See Policy slated in aggreg8ted account Notes Unr6stricted Ro$tricted Endowment Funds Total Funds 2 Incomlng Resour¢es Funds Fund$ 2021 2020 Incoming resources from generated funds Voluntary Income Donations and Appeals 1.400 1.400 12,266 12,266 13,666 13,666 24,086 24,086 Activities Aorgeneratlng fvnds Letting Feès Michaelmas Fayre Income COVID Grants and Furlough Events Insurance Payment 6,159 6,159 6,205 8.424 803 15,386 8,424 803 7,891 15,386 14,096 Investment Income Bank and Deposit Account Interest 16 113 16 113 Incoming R￿OurC￿ from Charrtsbl8 Activitles Events and Actlvilies 22.568 22,568 3,315 Other.. roundin9 orrors 22,Se8 22.569 3.317 Total Incoming Resour 16,787 34,850 51,637 41,612 Parfsh Centre 3 Resources Expand Notès Unrestrictsd R•strictsd Endowm•nt Funds Funds Funds Total Funds 2021 2020 Costs of g8n•rating funds Fund-ralsing trading.. cost of goods sold and other costs Charltablé Activities Fairer Sha 1,232 2.032 1,232 2,032 1.232 2.011 Insur3nce Insurance Claim Excess Water, Heating and Lighting Maintenance Cleaning Wages Cleaning Materials & Expenses Refuse Coll&¢tion Gardgn S8rvices Furnishings & Equipmgnl PCC ContributlDn 1.371 892 1,371 892 1,122 225 4.010 873 4,010 873 811 4,055 618 636 811 610 610 476 2,596 2,596 2,596 Other 931 Regeneration FurKI Costs 25,392 25,392 12,281 Independent Examinws Fees 100 100 14,527 25,392 39.919 26,183 Total Resourcès Exponded 14,527 25,392 39,919 26,183 2021 2020 4 Staff Costs Wages and Salaries 4,010 4,010 4,055 4,055 Parish Centr 5 Flxèd As$ots for Use By Thè PCC 50 Tanglblè Flxed Assets Freehold Land and Buildin95 Parish Centre 2021 2020 Gross Book Value 100,000 100,000 100,000 100,orio 100,000 100,000 Gross Book Value 6 Dobtors and Pr•payments 2021 2020 MI￿ Dèbtors Insurance Hire Fees 7 Cash at Bank and In Hand 2021 2020 Lloyds Current Account Lloyds Current Account MF Lloyds Current Account Regeneration Fund Lloyds Deposit Account Regeneration Fund 19,331 17.072 267,186 50.203 336.720 43,435 50,187 110,694 8 Liabllitlos: Amounts Falling Due Wfthln One Year 2021 2020 Independent Examiners Fees 9 Analysls of N•t Assèts By Fund Unrèxtricted RestrSct•d Endowment Funds Funds Funds Total Fund$ 2021 2020 Fixed Assets for church use 100,000 100.000 100.000 Invèslmenl fixèd assets Current assets Current liabililies 19.331 317,389 336,720 110,694 119,331 317,389 436,720 210,694 10 Th& Rèstricted Funds The Alverstoke Parish Centre RegenerationProject accounlsfor the year are reported at restricted funds above and summarised below. During the year, the proceeds from the sale of 215 Privett Road of £214.308 were transferred to the Regeneration Project account. This amount has been ring fenced for use in the construction phase of the project. Bal8nce 01-Jan-21 Income ExpenditilTe TransfeT Balan¢e 31-D8c-21 Alversloke Parish Centre Regènèration Project 93.622 34.850 214,308 214308 317,388 Parish Centre Stma C - Brodrick Hall Statement of Financial Actlvities for thè Y ar Ended 31st December 2021 Not• Unrestrictèd Restrict•d Endowment Totsl Funds Funds Funds Funds 2021 2020 INCOME AND ENDOWMENTS FROM: Donations and Logaaes Other Trading Activities Investments 120 13.015 120 13.015 120 4,841 Charitable Activities Other Income TOTAL INCOME 13,135 13,135 4.961 EXPENDITURE ON: Raislng Funds Costs of generating voluntsry Income Fund-raising trading Investment management costs Charitable Artivits'es Other Expenditure TOTAL EXPENDITURE 7.104 7.104 7.658 7,104 7,104 7,658 Net Movement in Funds 6.031 6,031 2,697 Balancos brought fonvard at 1st January 2021 107,408 107,408 110,105 Balan¢ts carried forward at 31st December 2021 113,439 113,439 107.408 Brodrick Hall Balance Shèet as at 31st Dècembèr 2021 Notè 2021 2020 Flxed Assets Tsngible Fixed assets Investment asse15 100.1)00 100.000 100,000 100,000 Currgnt Assets Stock Deblors and Prepay7nenls Cash al bank and in hand 34 13.457 13,491 7.514 7,514 Liabilities.. Amounts Falling Due Within One Year 1521 1106) Net Current Assets 13,439 7,408 Net Assets 113,439 107,408 Funds Unrestricted Restricted Endowment 113,439 107.408 113,439 107,408 Approved by the Paro¢hial Church Council and si9ned on its behalf by Dated . Brodrick Hall Statemènt of Financial Activities for thè Year Ended 31st December 2021 Accounting Polici8S See Policy staled in aggtegated a¢count Unrèstricted Rostrl¢ted End¢wment Funds Funds Funds Total Funds 2 Incoming Ros¢uTces 2021 2020 Incoming rasources from gènèrated funds Voluntarylncomo Donations 120 120 120 120 120 120 Actlvltles forgeneratlng funds Hall Lettings Gas Refund Other In¢ome Photocopying and Printing 13.015 13.015 4,841 13,015 13,015 4,841 Inveslment Incomè Bank Interest Total Inwning Resources 13,135 13,135 4,961 3 Resources Expanded Charltable Activities Rates Po$lagelSlationary Other Expenditure Insurancg 221 31 505 1,515 1,042 2.101 181 221 31 505 1.515 1.042 2.101 181 81 13 15 1,513 1,416 326 175 Ll9hling and Healing M8intenance and Clèaning Fire Extinguisher Contribution lo St Marls Hall Improvements Independent Examiners Fees 1,250 158 1.250 158 1,250 2,794 75 100 100 7,104 7,104 7,658 Total Resour¢e8 Expended 7,104 7,104 7,658 BrodrK* H811 4 Flxed Assets for Use By The PCC 4a Tanglbl¥ Fixed Ass•ts Frè•hold Land and 8uildlng$ Brodrick Hall 2021 2020 Cost at 1st January 2013 Gross Book Valuè 100.000 100.000 100,000 10D,000 100,000 100,000 S Debtors and Prepayments 2021 2020 D8blors (Various Hiring Groups) 34 34 6 Cash at Bank and In Hand 2021 2020 Sanlander Current Account Santar+der ReseNa Account Petty Cash 13.456 7.514 13,457 7,514 7 Liablllties: Amounts Falling Due Within On• Year 2021 2020 Creditors 52 106 Independent Examiners Fees (cancelled fo¥ 20211 52 106 8 Analysis of Net Assèts By Fund UnTestrict•d Restricted Endowment Total Funds Funds Funds Funds 2021 2020 Fixed Assets for church use Investment fixed assets Current assets Cvrrenl liabililies 100,000 100.000 100,000 13.491 1521 113,439 13.491 {521 113.439 7,514 {1061 107.408 Brodrick Hall Stma 'sPCC-O an Fund Statement of Finoncial Activities for the Year Ended 31st Decembèr 2021 Note Unrestrl¢ted Restricted Endowment Funds Funds Fun(Is Total Funds 2021 2020 INCOME AND ENDOWMENTS FROM.. Donations and Legacies Other Trading Activities Investments 451 451 145 Charitable Activities Other Income TOTAL INCOME 451 451 151 EXPENDITURE ON: Raising Funds C051s of generating voluntary income Fund-raising tracsing Investrnenl rnanagemenl costs Charitable Activities Other Expenditure TOTAL EXPENDITURE Net Movement in Funds 451 451 151 Balances brought forward al 1 $1 January 2021 5,214 5,214 5.063 Balances Carri￿ forward al 31 st De￿mber 2021 5,665 5,665 5,214 Organ Fund Balance Shèet a at 31st December 2021 Note 2021 2020 Current Assets Debtors 2nd Prepayments Short Temi Deposits Cash al bank and In hand 1.315 3,899 5.214 5,665 5.665 LlabllltF•s- Amounts Falling Due Within On8 Year Ngt Currgnt Assets 5.665 5,214 Nèt Assets 5.665 5,214 Fund$ Unrestricted Restricted 5,665 5,214 Endowment 5.665 5,214 Approved by the Parochial Church Council and signed on its behalf by Dated Organ Fund statement of Financial Activities for the Year Endad 31st December 2021 Accoijnting Policies See Policy slated in aggregated account Unrestricted Restricted Endowmont Funds Funds Funds Total Funds 2 Incoming Resourc8$ 2021 2020 Incoming resourcos from generated funds Voluntary Income Donations 25 25 145 Inwme Tax recoverable Other planned giving Collections (open plate) at all services Investments Donalions and Appeals Other Events= Other Events Alpha Lent Group Charitable A¢livilies Church Refurbishment Other 425 425 451 451 145 Activities forgenerating funds Organ Recitals Other Musical Events Choimiaslers Quiz Investment Income CBF Deposit Interest Total In¢omlng Resources 451 451 151 3 Resources Expended Charttsble Activities Organ Recitals ProgrammeslPosters CCTV Maintenance and rep8lTS Organ Fund Independent Examiners Fees (cancelled for prior years) Total Rosources Expended Or9an Fund ¥k8 151 &% 5 Debtors 2021 2020 Gift Aid due for donations 6 Short Temi Deposits 2021 2020 CBF Deposit Fund (Organ Fund) 1,315 1.315 7 Cash at Bank 2021 2020 Lloyds Current Account 5.665 5,665 3,899 3,899 8 Llablltt5es: Amounts Falling Due Vlithin On• Y•or 2021 2020 Independent Examiners Fees 2016 (cancelled for 2021) Independent Examiners Fee5 2020 (cancelled for 2021} 9 Analysis of Net Assets By Fund Unrestricted Restricted Endowmont Total Funds Funds Fund$ Funds 2021 2020 Current assets Current liabilities 5,665 5,665 5.214 5,665 5,665 5,214 Org8n Fund St. Mary's Parish Church Alverstoke with St.Faith and St.Francis Annual Report and Financial Statements of the Parochial Church Council For the year ended 31" December 2021 Rector: The Revd. Andrew Norris Alverstoke Rectory Gosport P012 2JA Bank: Lloyds Bank 20 High Street Gosport Hants P012 IDE Independent Examiner: Paul Robinson St. Mary with St.Faith and St.FrancÈs. Alverstok¢ Annual Report of the Pydrochial Church Council For the Year Ended 31. December 2021 Administrative IDforniatio St. Mary's Church is situated in the Parish of Alverstoke with St.Faith's building serving the northern part of the parish and St.Francts' the easL It is part of the Diocese of Portsmouth within the Church of England. The correspondence address is Alverstoke Parish oifice. G￿n Road. Alverstoke P012 2ET. The Parocbial Church Council (PCC) is regISte￿d with the Charity Commission and th¢ charity number is 1130178. PCC Membe￿ who hav¢ s¢rv¢d from l January 2021 until th¢ dat¢ this report was approved are: Clergy: Andrew Norris Steve Dent Rectorl Chair Associate Minisfrr Licensed Reader Representative: Darren Clarke Churchwardens." Kay Howard Graham Colllns Kathryn Clarke (from 2017-2021) (from 2020) (from 2021) De￿ery Synod R¢pres¢ntstives.' Margaret P(M)le Mike Critchley Debbie Thomas Kathryn Clarke Susan Smith (2020 to 2023) (2020 to 2023) (2020 to 2023) (2020 to 2023) (2020 to 2023) District Church Represelltativ¢s: St.Faith (Elected by District Churches) St.Fran¢i5 Mark Trasler Liz Hu&sain Elect¢d Members: Libby Norris Peter Fieldsend Huw Jon¢s Mike Crit¢hl¢y Kim B¢azley Sarah Savery Philipp& Harrap Bill Lock Peter Ford Pam Marsd¢n Sarah Oakley Julte Fields¢nd (2019 to 2022) (2019 to 2022) {2019 to 2022) (2019 to 2022) (2020 to 2023) (2021 to 2023) (2021 to 2023) (2021 to 2023) (2021 to 2024) (2021 to 2024) (2021 to 2024) (2021 to 2024) EX-0￿1Clo Members: St.Mary's Church Administrator Peter Camp Safeguarding Lead Recruiter Jan Windsor Structsre. Governance and Managen)ent The method of appointment of PCC rnembers is set out in the ChuT¢h Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for el¢ction to the PCC. ObJectiYe8 Activities The Parochial Church Council shares with th¢ Rector, the Revd. Andrew Norris, in decidtng upon th¢ 'policy' of the parish by which it is appointed in order to 'CO-operate with the Incumbent in promotion in the ecclesiastie&l parish the whole mission of the ChU￿h, (PCC Measure 1956)? pastoraL evangelistic. social and e¢umenical. To this end th¢ vision of the parish is Sharing God's L￿Ve in th¢ Cornmunity. The thre¢ chuwhes of St.Mary, St.Faith and St.Francis provid¢ for gre8t br¢&dth and variety both in worship and opportunty for serving the communities that make up the parish. This is also expressed through the ministy at St.Luke's which is under the oversight of the parish and ￿rVeS the growing Royal Haslar community. The PCC has maintenance responsibilities for the three churches of St.Mary, St.Faith &nd St.Fran¢is along with the Parish Centre, The Brodri¢k Hall, The Juntor Sailing Club, St.Mark's Churchyard and a house at 215 Privett Road, Gosport. All the buildings and fabric are w¢ll m&intsin¢d. On behalf of the PCC the District Chuwh Committee oversees the care of both st.Fr￿cis Church and St.Faith's Church. Management groups support th¢ PCC in the ¢ar¢ of The Parish C¢ntr¢. The Brodrick H&ll, the Sailing Club and St.Mark's Churchyard so that they can effectively serve the wider community of the parish and Gosport. The PCC is grateful to 'The Friends of St.Mary's' for all the support they afford towards th¢ maintenance of the Parish Church. The PCC has had responsibility towards the followtng staff: the Director of Music, the Parish Athnin- istrator, The Families Minister and the Baby & Toddler Group L¢ad¢r along with the Parish Centre, Brodrick Hall and the chur¢h cl¢8ners whom it has employed. Achievemettts and Perforn￿nce. There were 292 (+15) parishioners on the Electoral Roll. Church Attendance from the aDnual Diocesan Statistics for Mission r¢turns.' The parish's usual worship in person attendance in 2021 was 226 adults and 30 under 16's. st.mary s was J 72 wilh 20 wider 16," St.Faith's/LNC was 30 with 10 under 16,. sI.Franc￿ was 24. All services were steward¢d by the Churchwardens and Sidesmen for whom training was provided. LNC/I*eslandPioneeTing Kinistyfigures are includedfor ihefirst lime pneeting at St.Faith's. The special online worship of 2020 became livestreamed worship from St.Mary's on a permatkent basis from 2021 with about 40 worshippers each Sunday. The following c£r¢monies were conduct¢d during 2021: Weddings & Blessings 6 Baptisms & Thanksgivings 17 Funernls 34 PCC Review of the Year The PCC met six times during 2021 with a mix of online and liv¢ meetings where the average level of attendance was over 80 per cent. The Standing Committee met five times. reports of which wer¢ received by the PCC. The PCC also held two special meetings for vision and prayer. The other working groups and committees of the PCC were: Finance. Home Communion Pastoral Team. Parish Centr¢ ManagemenL Brodrick Hall ManagemenL St.Fran¢is' District chU￿h Commit- tee, The Leesland Neighbourhood Church team, St.Faith's Committee, the Junior Sailing Club Execu- tive, the St.Luke's Advisory Group, The Parish Centr¢ Regeneration Group and the Gen¢rnl Data Pro- t￿tion Regulation Group. Paramount importance was placed by the PCC upon ensuring that all procedures sutrounding the Safeguarding of Childre1] and Vulnerable Adults were implemented, along with attention being given to risk assessments plus h¢￿th and safety. These included appropriate and ongoing training with regard to safeguarding, food hygiene and for those Sidesmen and others involved in hosting services and events. A group continued to guide the PCC with regard to General Data Protection Legislation (GDPR) whilst Safer Recruilrnent guidelines have led to the provision of 'role descriptions, for all parish vol- untary roles. The GDPR guidelines led to revision of forms for Ele¢toral Roll membership from 2020 which included storage of personal details. contact and photowph perniissions. The major ongoin8 proje¢t of the PCC is the Regeneration of the PArish Centsr with the &im of build- ing a new centre for th¢ benefit of the community. The PCC'S purpos¢ is that a new ¢¢ntre should be a 's¢rvant' and add much of value to th¢ lives of people in the wider community. To this end the Par- ish C¢ntr¢ Regeneration Project continued io strive through 2021 in the areas of Fundraising and De- Sl8n l¢&ding up to a community l&unch of th¢ final designs in September 2021. The local Member of ParliamenL the Mayor, Leader of the Council and a number of councilors, plus representatives of lo¢&l businesses and residents attended the launch over two days. During 2021 the PCC sold of a prop¢ty known as the 'Curate's House, in favour of the Dew parish ¢entre. This is a significant project and whilst the work of the new centre has been the focus th¢ evident spin off has been the breadth of community involvement with so many people supporting th¢ regen¢ration. Fundraising was curtailed and much activity was restricted by the constraints of national lockdown during the pandemic. But since the summer of 2021 th¢ fundraising activities, concerts and events have resumed adding much social and Commuftity valu¢. During 2021 the thlly engineered designs of the new centre were com- pleted. The PCC are very thankful to both the voluntsry and professional teams for the work and exp¢rtis¢ they are offering to the major project for the futyr¢ in our community. Upon Completion in 2021 of our support for CHASE Africa. the PCC r¢view¢d our Overseas Mission Partnerships. Two new parthers were adopted for 2 years or so in April 2021. They are Th¢ Vine T￿st (with a medical ship in Peru) and GLO (Great Lake5 Outreach in Burundi). Although ￿nth21s- ing social activities were curtailed in 2021 the congregations of the parish were very generous to the ¢xtent that the parish was able to send £4000 to each of the charities at the end of the year. The PCC 8r¢ very gratethl for all this support and g¢nerosity in favour of our overseas paTthers. th addition to this some £3000 was also raised for Christian Aid through th¢ annual and sp¢cial ￿p￿als. Hospitsls were at the for¢front of the pandemic and the c1￿]engeS remain. but th¢ 'in person. ohap- laincy work of Revd Stsve Dent as 'Hon.Chaplain Gosport War Memorial Hospital and Associate Minister. resumed during 2021. The whole parish will be ￿te￿I for the dedicated work of hospital staff on th¢ front line. and cgtt workers and all those key workers who just kept on going. Beyond the hospital, as associate vicar, Steve applied himself to th¢ parish and oversaw the installation of the technology which allowed livestreaming to take place in St.Mary's . W¢'re gr&t¢ful to Steve for serving in his licensed role in th¢ parish as a volunteer. During 2021 Revd Erica Wilki¢ continued as Pioneering Curate for Leesiand and is seen from time to tim¢ across the parish whilst Leesland Neighbourhood Church was led by a team of four who sought to tske it forward as th¢ church emerged from the pandemic. The training role fornierly offered by Tim Watson was continued by Revd Steve Dent. The parish worked closely with our local schools during 2021 Whe￿ members of the Congregation serve among the staff or a5 governors. Six schools trnly valu¢ the ministy of our 'Op¢n The Book, &ss¢mbli¢s team which was largely curtailed except for producing videos during the pandemic. Som¢ schools visited St.Mory's and St.Faith's in th¢ autumn for their harve￿ R¢membrance and Chrisknas servic¢s. Th¢ parish Alpha Cours¢ r¢sum¢d during the Autumn of 2021 up to Christmas. Home Groups contin- u¢d to m¢¢t throughout the yvdr in both live and onlin¢ gatherings. Taken together parish home groups ¢nable about 100 people stay connected. Our Baby & Toddler Groups continued under the leadership of & paid lead¢r. Natasha HursL as did the Bumblebees group in ￿¢Sland hosted by R¢vd Erica Wilkie and Reader Sue Smith. They've offer¢d ministy which was all th¢ more important in emerging from lock downs. Other groups with young people suoh as Th¢ Junior Choir and St.Mary's Junior Sailing Club started to meet and grow again during 2021. SMJSC had a good season sailing on the creek. On Sundays a small group of volunteers endeavored to provide Tots and Kids Alive Groups for children in St.Mary' Meetin8s were held with about 30 parents and volunteers to adapt and renew the ministy of serving the young people and their discipleship. A small team emerged to help with afternoon t¢a time activi- ties &s well as Sunday mornings. Family Fusion emerged during 2021. The KFC (Ktds for Christ) midweek group run on an ecumenical basis continued to meet in the Parish Centr¢. This group has flourished arEd enjoyed 2 summer camps in 2021. The start of 2021 saw the PCC und¢rtak¢ a series of Mission Action Planning reviews to seek a strate• gy to emerge from the pandemic. The PCC invited any in the congregation to join them in reflectiThg upon th¢ themes of our reviews from 2014- to seek a next 5 year plan. The Reviews considered.. Buildings & Resources - proposing th¢ appointh)ent of & Facilities Manager Organisation & Communication - proposing a new communications administrator role Older Pet3ons - renewing the role of a champÉon and gatherings like Connections/Gam¢s Af- temoons. Families, Children & Youth- Proposing a n¢w Families Worker role Worship - adopting changes out of the exwience of the pandemic and emerging in worship with confidence The ministry of music has b¢¢n both a blessing and a challenge to sustain. Our Director of Music, Organlst and Choirniast¢r held the choir together in fellowship through the pandemic. A review in summer 2021, out of the mission plannin& led to an aspiration to see the choir grow by through host- ing a 'monthly' ￿￿1 choral evensollg. These services and new members saw the choir grow in confi- dence during the summerlautumn of 2021 and the choir continues to flourish in the weekly morning and monthly evening services. The tnusic Worship Group has found itself facing greater ¢halleng¢s to provide th¢ music for Church Alive with much of the responsibility falling upon Anne Beazeley to mainlain this ministy. The members offer such an important ministy but the group do need new mu- sicians across the instsijments and vocals to recover to pre-pandemi¢ confiden¢¢. The orchestra re- em¢rged in autumn 2021 and has welcome & few new instnunentslists. The Junior choir started to ntribute to Church Aliv¢ again in Autumn 2021. A significant challge for th¢ p￿ISh organization cam¢ with the retirem¢Tht of Sue Simpson, our Parish Administrator of over 20 years. A colle&gu¢ was appointed to join Sue last summer for thre¢ months and we are grateful to Melissa for that wo￿. It helped pave the way for Sue to move towards r¢tire- m¢nt and towards the appointment of a n¢w Parish Administrator (Nov) and a new post of Communi- ¢ations Administrator (Oct) with Sue ¢ontiThuing to December to induct the new team. The PCC ex- press thanks to Sue for many years of faithful service to th¢ parish and tt) the Parish Centre and be- yond for the church. The parish expressed their appreciation upon Sue's retirement and We￿ ￿￿teful for Sue's leading of the Iransition to the new staff. Hence the PCC was pleased to wclcome Kate Warstone and Rachel Pip¢ to their new roles in the Parish Centre office. Anoth¢r athninistrator in the parish is P¢t¢r Camp who has the title of 'Church Administrator, for st.m￿,$. Peter h8s kept St.Mary's in such good order for many years, he also organises our wed- dings along with chairing the ind¢p¢ndent 'Friends of St.Mary's' to whom the PCC are thatthful for all th¢ir support of the church and it's h¢ritage. Peter oversaw all negotiations for th¢ leases being pre- pared on behalf of the PCC. The PCC has been incr¢dibly well and faIth￿IlY served by our Honorary Treasurer since 2015. Tim Finch has guided the parish and stewarded our acwunts remarkably an¢ despite all the challenges, his ovcrsight has helped us maintain good acwunts in through difficult times. Tim retired as our Tr¢asw- er at the ¢nd of 2021 and signs-off after hig presentation of the 2021 accounts at the amiuat meeting. We are very grateful to Tim for all his time and hard off¢r¢d on behalf of the whol¢ church and parish. Tim has been succeed¢d by R¢b¢¢ca Strong as parisb Tre&sur¢r in 2022. At the last annual meeting Kathryn Clark¢ stepped back in to th¢ role of Churchwarden for just one year. The PCC are thankfvl to Kathryn for this extra ttme of serving us ￿ warden and being a ¢ol_ leagu¢ of Graham Collins in this role. The parish s¢¢ks a new warden at th¢ APCM in 2022 to suc- ceed Kathryn. The PCC are grateful to all our employees for their cooperation during the challenges of 2021 _ to those who ¢l¢an our pr¢mises, to Sue Simp50n our Parish Administrator, Paul Pilott our 'Organist & Director of Music. at St.Mary's, and our 'Baby & Toddl¢r Gmup Leader,. They served us as employ- ees beyond th¢ call of duty and off¢r their work as an expression of ministy. to them the PCC are very thankful. Th¢ offer of the NEST ￿nSIOn scheme is now fully taken up by our paid staff. The Brodrick Hall site hosts the Goswrt District Scout HQ. The PCC ¢ontinued negotiating ternis of a new lease with the DistTiCt Scouts for the HQ to the point where the t¢nns were agreed and the new lease for 7 years was adopted in the summer. St.Mary's Church hosts a telecoms m&%t and a new lease was being negotiated during 2021 and is due to be signed in 2022. The Licensed Minister staff (Readers) offer voluntary ministy and the PCC are vy grateful to Susan Smith. Dam Clarke and to Paddy Tr&8leT as Readers as they continued to serv¢ the parish. The PCC are gratefvl for this strong team known as our Licens¢d Ministers. This team continues to be support- ed by Diana Dow in her retir¢ment who ha5 Pernii$510n to Officiate from the Bishop. Th¢ PCC aT¢ also thankful for the voluntary WO￿ of retired clergy with Pemission to oirtciate and wish to record thanks to R¢vds Humplw¢y Prideaux and Reg Forse who stepped up after loekdown to serve again in leading our worship. preaching and offering frRendty p&storn] care during 2021. Sadly, for 2022. both Hutllphrey and Reg hav¢ indic&t¢d that they will 'r¢tire' from their long ministries in this p￿llsh since settling here after their 'f￿$t. retirements. We are very gratehl to them both for their fakthful service and ministy. Having previously identified 275 volunteers (2017) who serv¢ in and through the chureh the PCC appr¢ciates that the frontline ministy of the parish is through the voluntary activity of all members. 2021 saw chall¢nges to voluntary service. New expressions of serving in community ¢m¢r8ed whilst other ministri¢s saw their teams diminished. Hence the work of th¢ 275 in 2017 has proven hard to maintain in visits to our 13 nursinglc&re homes or 6 schools. older persons or children's groups ¢tc. There has been a reduction in identifiable volunteers in such p￿ISh mintstries of about IOO p¢opl¢. But other fornis of volunteering hav¢ emerged and new ministries among them. It continues to bo tremendous that so many give of themselves so freely out of love for God and in our community. It is this offering of ministy through every memb¢r which is the ttve expression of our worship and life as a church across this parish. In addition to this is all th¢ extra withess that is continually offered in acts of ￿rvICe by ¢v¢ry member in their daily life, home and workplace- and also that volunt¢ering offered by others in the past. This is what expresses the gifts and hallmarks of God's kingdom in serv- ing and transfonning lives and society in love, mercy and justice. All that is offered is tyly moving and a ¢ause for great thankfulness by th¢ PCC and across our church fellowship and community. PCC Financi￿ Revlew The pandemic saw the income of the paTish signific&ntly trduced. Both in ternis of th¢ planned giving &nd gifts received (down over 300/0), along with the income from fundraising activity that could not go ahead (such as the Christsnas Tree Festival eg, minus £9000). Not only was illcome dowm but also was the joy. th¢ o¢lebration, th¢ building of community and mission which those occasions off¢red. Although th¢ pandffllic l¢d to a significant f811 in parish income it was partly offset by 8 r¢du¢tion in exp¢nditl]r¢ and the PCC are very grnteful for th¢ taketi to reduce costs. apply for grants for some of ow buildings and staff. Bnd to manage our finances during such a difficult year. Income was gratefully received in favour of the Families Minister, the Choir Fun￿ The Flower Fund. Youth Activitie4 St.Mark's Chur¢hyard and St.Luk¢'s Church plus th¢ Fri¢nds of St.Francis, St.Faith's, the Organ Fun￿ Parish Centr¢ and The Brodri¢k Hall. Th¢s¢ all feature within the ac- counts along with the accounts of the Parish Centre Regeneration Project. In addition to this the PCC recoTd their thanks to The Friends of St.Mary's for th¢ir ind¢pend¢nt support towards the upkeep and care of St.Mary's Church building. Earned rental incom¢ was reduced from the sale of the house at 215 Privett Road although was main- tained fiDm the EE Phon¢ Mast on the parish church tower. St.Fran¢is ¢on8regation made a contrib￿lOn$ towards the Parish Share along with the support that is afforded to PCC futkds from the Brodrick Hall and Parish Centre. The PCC ¢ontinu¢ to understand that St.Faith's COn￿egation are not be in a position to contribute towards the Parish Share. The PCC paid thoir wntril)utioD to the Parish Share in full during 2021. The PCC were keen to &ddr¢ss matters of iThcome and expenditure, and continued to focus upon encouraging congregational take up of the new Parish Giving Scheme (PGS). In 2021 the costs of 'running' the partsh wer¢ r¢duced for another consecutive year but th¢ over8]I 'planned giving, was reduced along with gen¢ral donations for another year. Th¢ PCC are v¢ry thankful for all the g¢nerous giving and hard work in fundraising and stewardship of accounts. The PCC were grateful for the generous giving in favour of the new mission partnership4 gifts sup- porting some of th¢ poorest communities in Africa and South America. PCC Reserves and Investment Policies It is the PCC policy to maintain a bdance of reserve fijnds which ¢quates to at least six weeks unre- stri¢ted payments, to cover emergency situations that may arts¢ from time to ttme. It is the PCC poli￿ to invest fijnds in propety, the CBF Church of England Deposit Fund and Gov¢nun¢nt Stock. Subject to ind¢pendent examination the accounts w¢r¢ approved at the meeting of th¢ Parochial Church Council on 8th March 2022. Signed: Is/ LL R¢vd Andrew Norri4 Chair of the PCC PARISH OF ALVERSTOKE NOTES TO THE AGGREGATED FINANCIAL STATEMENTS FOR YEAR ENDED 31st DECEMBER 2021 1. ACCOUNTING POLICIES The financial slalemenls of the PCC have been prepared in accordance wrth the Church Accounting Regulations 2006 together wth applicable accounting standards and the SORP 2015. The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of Church groups that owe their main affiliation lo another body, nor those that are informal gatherings of church members. Funds Endowment funds are funds, the Gapilal of which musl be maintained.. only income arising from investment of the endowment may be used either as reslricled or unrestricted funds depending upon the purpose for which the endowments was established. Restricted Funds represent lal income from trusts or endowments which may be extended only on those reslriclecl objects provided in the terms of the trust or the bequest, and {b} donations or grants re￿iVed for a specific objeel or invited by the PCC for a specrfic object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent al the end of each year musl be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned lo individual funds on an average balance basis. Unrestricted Funds are general funds which can be used for PCC ordinary purposes. Incoming Resources Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate are received. Grants and Legacies aTe accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when re￿Nable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross. Resources Expended Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. The diocesan quota or parish share is accounted for when due. Amount5 received specrfically for Mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for Gross. Flxed Assets Consecrated and Beneficed propety is excluded from the accounts by s.10121 of the Charities Act 2011. 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 inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement. is written off as expenditure in the SOFA and separately ¢Jisclosed. Equipment used within the church premises is depreciated on a slraighl line basis over 4 years. Indwidual items of equipment with a PL)rchase price of £1,000 or less are written off when the asset is acquired. Investments are valued al market value at 31 sl December. PARISH OF ALVERSTOKE BAL*ACE SHEET AS AT DECEMBER 2021 Not* 2021 2020 Fiyed Ass8ts Tangible Flxed a$sets Investment a55ets 200,(MIO 373.916 5b 4e3.139 407,175 663.139 781.091 Current A55ets Stock 564 564 Short TeTrn Derostrts Cash at bank and in hand 98.583 100.287 438,124 198.360 Debtors and Prepayrnents Loan 5,999 7,915 543.270 307,126 LlabllStles'. Amounts Falllng Ou6 Wlthifi One Yoar 10 18,3031 18.9581 Net Curront As88ts 534,967 298,168 Llabllrtles.. Amounts Falllng Du8 Aft8r Ome Year 11 Nèt As$•ts 1,198,105 1.079,259 FuThd8 Unreslricled 13 351,849 341.309 Restricted 4&13 383,115 156.857 Endowment 73 463.141 581,093 1.198.105 1,079,259 Apwoved by the Psroch181 Church Council and signed behalf by PARISH OF ALVERSTOKE NOTES TO THE AGGREGATED FINANCIAL STATEMENTS FOR YEAR ENDED 31st DECEMBER 2021 1. ACCOUNTING POLICIES (Continugdl Grants payable without performance conditlons These are only recognised in the accounts when a commitment has l)een made and there are no conditions lo be mel relating lo a grant which remain in Gontrol of the charity. Support Costs Support costs include central functions and have been allocated lo activity cost categories on a basis consislenl with the use of the resources, eg allocating property costs by ftoor areas. or per capila, staff costs by the time spent and other costs by their usage. Basls of preparation: The financial statements are prepared on the historical cost basis convention las modified lo include the revaluation of inveslmenls} in accordance with the Charities Act 2011, 'Accounling and Reporting by Charities" {SORP 20151, applicable accounting standards and the Companies Act 2006. The accounts have been prepared on a going concern basis. The charity meets the definition of a public benefit entity under FRS 102. The Charity has claimed exemptions available in Seclion la of FRS 102 not to prepare a cash flow statement since it is a small charity. 2. and 3. INCOMING RESOURCES AND RESOURCES EXPENDED Details of income and expenditure for the six funds can be found in the notes lo the individual accounts attached. 4. RESTRICTED FUNDS Balance 01-Jan-21 Income Expendi- Transfers Balance ture 31-Dec-21 Sl Mary's Alverstoke Privet Place Deposit Breakthrough Fund Choir Fund Flower Fund Ethiopia Fund st Lukes St Marks Rounding Errors 42.367 42,367 3,290 1,681 333 3,991 91 387 225 8,255 191 52 2,903 1,456 2,637 4,003 39 10,559 203 St Ma￿5 51.753 10,762 53.405 St Falth's St Francis Friends of Sl Francis 389 Organ Fund 5.214 451 Parish Centre Michaelmas Fayre Parish Centre Regeneration Fund 93.622 34.850 25,392 214,308 317,388 93,622 34,850 25392 214308 317388 TOTAL RESTRICTED FUNDS 1 $6,857 46.452 34,502 214,308 383.115 PARISH OF ALVERSTOKE NOTES TO THE AGGREGATED FINANCIAL STATEMENTS FOR YEAR ENDED 31st DECEMBER 2021 5. TANGIBLE FIXED AND INVESTMENT ASSETS See notes 5a and Sb lo Mary's Accounts and Parish Centre Accounts and note 4 to Brodrick Hall Accounts for the total of these assets. 6. SHORT TERM DEposrrs 31-Dec-21 31-Dec-20 Sl Mary's Sl Faith's Sl Francis Parish Centre Brodrick Hall Organ Fund 87,222 87.212 11,361 11.760 1.315 Total Short Tem) Dep¢)sits 98,583 100,287 7. CASH AT BANK AND IN HAND 31-Dec-21 3l￿eC-20 Sl Mary's Sl Faith's Sl Francis Parish Centre Brodrich Hall Organ Fund 72,637 7,893 1,751 336.720 13,457 5.665 63,653 11.075 1,525 110.694 7.514 3,899 Total Cash at Bank and In Hand 438,124 198,360 8. DEBTORS AND PREPAYMENTS 31-Dec-21 31-Dec-20 St Mary's Sl Faith's Sl Francis Parish Centre Brodrick Hall Organ Fund 5.859 106 7,915 34 Total Debtors and Prepaym9nts 5.999 7,915 9. LOAN See Note 9 to St Mary's Accounts PARISH OF ALVERSTOKE NOTES TO THE AGGREGATED FINANCIAL STATEMENTS FOR YEAR ENDED 31st DECEMBER 2021 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31-Dec-21 31-Dec-20 St Mary's St Faith's St Francis Parish Centre Brodrick Hall Organ Fund 8,021 8,852 230 52 106 Total Crèditors (falling due within one yearl 8,303 8,958 11. CREDITORS.. AMOUNTS FALLING DUE AFTER ONE YEAR 31-Dec-21 31-Dec-20 Total Creditors {falling due after one year) 12. INTRA-FUND TRANSFERS Funds which pass betweén the different intemal organisations have been identified 8nd eliminated to enable true and fair total income and expenditure figures to be arrived at for the Parish of A￿er$toke as a whole. The column shown on the aggregated financial statements entit18d 'lntra-Fund Transfèr8, shows the tr)tal redvctions as d8tailed below.. Income Expenditure Note Sl Ma￿S Parish Centre Admin Contrlbulion Admin Contribution 2,596 2d 3d 2,596 St Mary's st Francis Admin Contribution Admin Contribution 2d 3d St Ma￿S Brodrick Hall Admin Contribution Admin Contribution 1,250 2d 3d 1,250 St Marls St Faiths Sl Francis Parish Centre Organ Fund Brodrick Hall Admin Contribution Goverllance Governance Governance Governance Governance 2d Total Reduction in Overall Income Total Reduction in Overall Expenditure 3,846 2d 3d 3,846 PARISH OF ALVERSTOKE NOTES TO THE AGGREGATED FINANCIAL STATEMENTS FOR YEAR ENDED 31st DECEMBER 2021 13. ANALYSIS OF NET ASSETS BY FUND General Restricted Endowment Total Funds Funds Funds Funds 2021 Totsl Funds 2020 Fixed Assets Investments Current Assets Current Liabilities 200,000 173,916 373,916 373.916 463.139 463,139 407,175 543,268 307,126 -8.303 4,958 159,972 383,295 -8,123 -180 351,849 383.115 637.057 1,372,021 1,079.259 14. STAFF COSTS These are detailed below bul more details are available from the individual accounts.. 31-Dec-21 31-Dec-20 Sl Mary's St Faith's st Francis Parish Centre BTodrick Hall 25,568 647 339 4,620 1.144 34.093 404 144 4,531 1,144 Total Staff Costs 32,318 40,316 15. PAYMENTS TO TRUSTEES AND RELATED PARTIES No olheT payments than reimbursements were made to trustees or any persons connected with them during this financial period. No material transaction took place beNveen the organisalion and a Iruslee or any person connected with them. 16. RISK ASSESSMENT Th8 Council 8ctlV81y rewew the major risks which the charity faces on 8 regular basis and believe that rn8intaining the free reserves slated cornbined with the annual review of the controls over key fin8nci81 systems carried out on an annual basis wll provide suffic4ent r850urces in the èvent of adverse conditions. The Council have 81so èX8min8d other op8r8tional and business risks which th8y f8ce and confirm that they have gslablished Systerns to mitigate Ihe significant risks. 17. RESERVES POLICY Th8 Council have considered the level of r8seTves they wish to retain, 8ppropriate to the charity's needs. This is based on the charity's str£e and th8 level of financi81 commitment5 held. The Counal 8ims to ensure the charily will be able to conlinue to fulfil its charitable objectives even if there is a temporary shortfall in incom8 or unexp8Ct8(1 èxpendthre. The Council will endeavour not to set aside funds unnecessarily. 18. PUBLIC BENEFIT The Council acknO￿edge$ its requi￿rnent tts demonstrate c188rfy (hat it must h8ve charttsble purposes or 'aSms' th8t are for the public benefit. Details of how the Council has achieved this are provided in the annual report included, The Council confirm th8t they have paid due regard to the Charfty Commission guldanc9 on publtc benefit before decAding which activities the Council should undertake. tma SPCCMV of Fin ncial A ear En rnber 21 Note Urbrestr4ct¢d RostrlEled End¢S￿nt Totsi Fund Funth Fund$ 2021 2020 INCOMe AND ENDOWMENTS FROM.. Donallons and Le08￿$ OiherTradlng Acbvrfies Invethen 154.470 10,762 1S5.232 1e2.719 74 74 22.4 22.4 35.895 Charitable ActivMe5 9,8 12.924 (Jher In¢we 40.392 40.392 TOTAL INCOME 186.806 10.762 40,392 237.960 211.e36 EXPENDITURE ON- Rak4ing Fund5 Co$tsofYpn8ratinpvduntarylr￿thT￿ Fun&r8i$in9tradMg Investr(Ent man¥gemenl costs ChariLible Acbvthe$ 89 89 128 288 255 543 180.310 8,855 189.165 207,202 Other EXper￿lture TOTAL EXPENDITURE 180.687 9.110 189.797 207.430 N•tln¢omellExpendJtur*l 8.119 1.652 40,392 48,163 4206 Galns on Fr••hold Propertle5 Reali$¢d Qaln5 and Los$è5 on Invwmvnts Reallsed Sb unrea￿Sed 5b S5.W4 55.964 25.919 N*t Movoment In Funds 6.119 1.652 96,356 104.127 30.125 B•l•n¢•6 lJr¢wBhtforward i11stJaknu￿ 2fj21 98,736 51.753 581.093 731.5B2 701.456 jwed B¥lanre bifwj. Roundtro Errors TrAnsfer0fs•￿012Ifj Pdvett Road lo Parfsh woneta 214.308 214.308 BDLincos carrled loY￿rtt at31st DeEernber 2021 104.8S5 53,405 463.141 621.401 731.581 Sl Mary as at 31st De r2021 Not¢ 2020 Flx4ttAGS•ts TanP1b￿ assets 173,916 Investment •sseL* 5b 463,139 407,175 463.139 581,U91 CurrentAss&ts SID¢k DebtfKsano Prywn2nts ShDrtTem) DÈpasit5 Cash at bank and in ha 7,915 B7222 87.212 72,637 63,653 LoEn 166.282 159.344 LlJbllltlBs'. Amounts Falllng Duewlthln Oh¥Yq?r 10 18.8521 Net ¢urrnntAssots 158.￿1 150.492 LIabIl￿te$.. Amounts Falllng Due Afftprone Year NfjtA85ets 12 821.401 731.583 Funds UnresirKt 104.855 98,737 REstr 53,405 463,141 51,753 E￿0￿ment 581.093 621.401 731.583 AppTove4 by1￿ Paroehbl Church C￿Jncll ar￿ *gnedon rts behaNby Sl Mary nt Fin ttvrtle5 for rEn mbei 2021 Accounliry Pollcle5 See Policy slated In 89g￿98tt4 8¢wJnt Unre￿￿ed Funds Resttictsd EndowmEnl Funds TDtsI Fund5 2021 2 Income and Endown>snts From.. Funds 202 rionatloRsandLegB¢l• p￿nDed Glwng" EnvekTrp9￿Sta￿drng 0￿er Tax recoverabie Cd*tions 107.101 24.344 6.160 5.030 3.273 107,126 24,432 6,363 5,030 3,373 104.670 30.168 6.055 6,349 6,993 4,457 Grènts Other L8oa¢y 20 740 100 nloi S8Nino ¢￿ts Event5- Choir Fund Shaping the Fuiuie Youth W Afrlcan PArtrErshlp Sl Ma￿9 Chutrh Yaqj Sl Luke5 Church 707 1.322 707 2,570 219 1.322 10.346 10,346 270 154,470 10.762 165.232 1e2,719 Othfrr Trndln9A¢yvltfos 2￿ Club AA eook p￿t0¢O￿n9 and PdntirvJ 24 24 74 74 Invtywfrneyjts B8nk Inter¢51 Stock O￿ldendS C8F Deposlt Interest C8F Share Divlden Rentgl froffl Prop2rty Rentsi 12 12 289 11.5 289 840 11.083 12.333 11.744 35.855 11,553 8.9U8 22.453 8,988 22,453 CharRahle Actmlles Klagazine Magaine- Advert3 Wage Repayments.. Patpsh Centre PCC Weddlng and Funeial Fees FI0￿rG￿lI1 ConthbulloD'. 8wdtirk VAII & PC Admin Sup Other InrDme 823 1,196 4.$80 3.047 90 1b27 1,144 517 12,924 2.379 2,739 2,379 2.739 1.726 1,231 1.689 1.728 1.231 1.689 9.8 Otherlnciw InSLYance Clalm5 173 173 40.392 Stswus. S8t•ofFlxod Assots Total Income 188,979 10,762 40.392 228.1 211,638 St MBry Unrestrlcted Funds Restrf¢ted Fund5 EThdo¥kni•nt Fwds T¢thi Fynds 21 202Q 3 Expendhtsre on.. Ralslng Funds ¢¢￿ts t>lggnerallng volunt•ryincoJn• Ctssis of Ch[1*￿￿ SIPWa￿Sh￿pCarnPg￿n FUndraI￿n9 Ex￿nI*S 89 89 89 B9 128 FUn&tsrJlngtr￿￿g.'co￿0I￿o￿5 soldandotlw¢05ts ¢o$i ol Fwo R¥is1 Cost of Chri%lm85 Tree Fe5￿Val 200 Club 255 288 543 632frJundlnJSxln ETB 377 255 632 228 CharhablèA¢iivllSès i%slonBrysoc*bes Secu4aT Charilles ChuTches Overse35 Reliel Deveknpmen1Bgenc￿S Horne k4iswon Disty. DNxe5¥n Faliw Shore a91gy Expen5e5 Reader￿tsff ExpEnse5 Deanery Adveriisln9 Upkeep.. C¥ganiBland Cholr W?f8r&, wlneand ca￿1 B8pbsm Expenses Sdol$i FEpsJnLI CthrExpen5es WeddinolFhMei Expenses Church Items and Botths Church Runnlng Expensos.. Healing L￿hti Insur3n¢e WaieT 8nd Sw6wge Refieghments ehwth rep31rs Upkqep.. Maintenance o￿an Piano Exbngui$hcrRert Pmpety. Retiory 215 Prlvett Road Gornel Road Rentsl 1.2 1,g39 129,615 850 1,939 129,61S s.soo 134,037 1,459 1,134 387 92 387 363 439 f25 225 197 197 28U 4.761 5,343 21D 473 4.761 5,945 210 473 638 638 423 518 1,249 1.249 2.319 2.294 2294 3,102 Oioan SthDlar5hlp Sl Kla￿8 Chjrthrdrd St Lukes O¥erseas Fund sha￿ry the Future Staff SalaF￿5 a[￿ Wages Diorwn*odifWJ and Fvneral Fe2s sbbweryand prtnlng mthiki15 TE￿phOneS Equlpment and Maifflenar Petty Cashand PDStage subsc￿ptiws DeanEryEApEnsES DepreriatsDn OtrKe Eouffj¥nenl SerMors, FamlWe5 YoJihWLYk Alphè OtherBank Charges Mlscellaneou5 ExpEnd￿Ure IThYepe￿nt EX8￿n￿￿ F￿S 52 25.568 25.568 34,093 835 1.257 2.59D 389 835 1,257 2,190 369 1.487 I.￿9 1.n9 1212 647 130 110 305 1,046 1,380 150 233 2,033 1.740 2.033 1,740 180.310 8.￿5 189 16$ Other re50ur¢es Bxpended Total Expenditur¥ 189 797 Sl Mary 2020 4 St•ff Costs w￿e5 and SaLqAe5 s￿al secuiltycosts 25,568 34.OB3 25,568 34,093 DUrfn9th2￿l￿trÉpCC ernpl￿d an ¢y9anisL 3 parish secretsry. i¥w parillm&dean8ts a Famllle5 Mini*Or. one ol*thom ta￿*￿ £10.OOOor mole. Th¢ PCC parriclpates in th8 H14 Revenue Cu¥torns PAYE Scheme. Noempbytr ror4ved emoluments In 8x¢8s¥of £60.0￿{202l." NDnel 5 Flxed As¥vts lor Use ByTh• P¢C 5• Tangible Flxed Assets Fr••hold Land and B¥ildir 215 Pr￿l Ro￿, Gosport Total 2021 Total 202 Co¥tai 1slJanuary2021 Purthase 173.916 173.91e 173.916 Di5pxaL% Marketvalue ￿31$10&ember2O2l 173.916 173.916 347,832 173.916 Sb lThve5bn*nt A8$0ts Cost sa￿ Prtt￿$ Unwli GalnsllLos5851 lJarkeiv8lu& KlaTkelValue 31 Oec 21 31 Dec 20 Realised Loss Endo*￿ent F￿r￿S 16399 Share$ CBF Investr[￿l Fund 48,211 283￿07 335,296 34,003 25,566 12,310 407.175 1563 Shares CBF Investrnwl Fund 889 .892 1250 Shares ¢BF InVestry￿￿t Fund 3.678 29.242 7278 Shares ¢BF fixed intqresi securfbBsfu Totsi End¢Y￿lient Funds 11.498 55.964 483.139 Ge￿ff￿ Funds 3.5% Warstock $ DebtorF PrepayThents 2021 2020 GfftAld RecoveratrAe 5.859 6.218 Steward5hlp Envek)pÈs-P JRS Grani CiglmforNov Dec20 1.697 5.859 7.915 7 Short Tfj￿ Depostt5 2021 2020 CBF 08posilAccounl. St Ma CBF DewsilAccovnl- Sl POAty$ LIW 32 D$yNDti¢e-St Marjts Natweyi RBsErv9 A(￿un1- SKUSC 1B2 42,367 42.367 30.381 12,271 12.270 8arcl8y5 Bu$ine55 RKeNeAc¢Dunt- c￿1r Fund 2.012 2.01? 87.￿? 87,212 a Cxh at B8tsk ond In hand 2021 2020 LI0￿5 TSB cu￿entA￿￿￿tA 2. SI LW5 TS6 h5tanl AccessA¢¢ounl-Sl Marfs Peity Cash Uos*TfeaSWe￿ Accwnt Fwni1￿S k4intsteT Natwest Curreni A￿￿ttAt- SK4JSC tsarclays CommunnyArtwrf. ¢t￿r Fund LW5 TSB Account. Fund 39.069 24.886 12,51S S,830 506 1.458 1.279 1,680 892 72.637 .653 9 Loan None 10 LIBbllitle5.. Amou]bts Falllng Due Wthln OnÈYÈ&r Utban Sain15 Independent Ex¥rr4ners Fe Llo&unt 2 Incoming R¢sourc Llnre8trlcted REstr6cted Endowment Funds Funds Funds Totsl Funds 2021 2020 Incoming resources from goneratod fund8 Volunlaryln¢om• Income Tax r6COV8rab Pbnned givlng olleclions (open p18tel at all services Grants DonaiK)ns and Appeals Events 3,956 449 3,956 449 4.150 495 1S3 388 4,793 4,405 388 4.798 ¢tlvities forgenor4tlng fvnds H811 Lewngs Eladrialy Refund Rector Wedding and Funérdl Fees Photocopying ar￿ Printing 1,049 1.040 7,090 1,049 1,0￿) Investmtrntlncorne Bank and D8posit Account Interest Incoming Rosources from Charitable AGtlvltl88 Bookshop IMW￿S hekl forchurd) Parent8nd ToddK9r greup 57 57 57 57 Adjustm8nt to avow for cheque 666 nèver¢x¥h Repasrynent by C￿a￿er for doub￿ pay Othèr Incoming Resour¢eg 130 eo 60 60 60 Totsl In¢omln9 Rosourees 6,671 389 5.960 10.223 Sl FrdfL49 3 Resourtes Expondod Unr•5trlctod Reslrf¢tsd Endowment Totsl Funds Funds Funds Funds 2108 2020 Charitable Acti¥ltlo8 S8cu18r Ch8ribe5 Churches Overseas Relief Development 8gend8s Hom? Mlssion hAinlsty'. Dio*san Fairer Share Clergy Exp8nses ReBder Expenses Improvements MaintÈnan¢* and repairs PSano Maintenance and Repeirs Ex￿ngUIsher Renial Other Servws Upkeep.. H￿nn BDok and Bible$ Vislllng S￿ake[s Sunday School Other Expenditure on Bookstall Church Running Expenses.. Htralin9 and Li4hllng Insurance 4.200 4,200 4.200 269 430 75 150 150 20 47 47 57 57 910 910 391 391 Cleanlng Malerials CleaTrin9 Wa98S Water and Sewag8 Other P8yment on behatt of church Parent & Toddlgr gmup Contributit>n to Sl V¢rfs Misc8118nÉous 339 339 144 256 6,363 6,363 6.478 Total Re8our¢a8 Expended 6.363 6,363 6.478 2021 2020 Staff Cost6 Wages and sak8r￿s 339 339 144 144 5 Dèbtors: AmourTrts Falllng Duo Wlthln One YeBr 2021 2020 Sl FrarK 6 Short Tomi D8posits 2021 2020 Lloyds Business Reserve Lb5qJs Busines$ Reserve Frlends 5,093 e.268 11,361 5.492 fj.2e8 11,760 7 Cash at Bank 2021 2020 Uoyds Current Account 1,751 1,751 1.525 1.525 8 Llablllties: knounts Falling Due Wlthln One Year 2021 2020 Independent Examiners Fees Icgncelk8d for 20211 P8yTnent to Sl Marys PCC for de8ners wag85 for 2021 230 230 9 Analysi5 of N•t Assets By Fund Unrestrirtfrd Rosmctqd Endowm8nt Funds Funds Funds Total Funds 2021 2020 Current assals Cutreni liabili￿5 6.455 12301 6.225 6,657 13.112 12301 12,882 73.285 6,857 13.285 10 The restrlctsd lund ¢ompri8è5 the-FrleDds ol St Francis" 51 FrorKI$ Stma '$ PCC- Parish Centre Statemènt of Financial Actl¥ities f T the Year Endè 31stDe ber2 Noto Unrè$lricted Restrletsd Endowment Funds Funds Funds Total Funds 2021 2020 INCOME AND ENDOWMENTS FROM: Donations and Lega¢ies Other Trading Activities Investments 1,400 12,266 13,666 24.086 15,386 15.386 16 14.096 16 113 Ch8ri1able Aclivitses Other Income 22.568 22.569 3,317 TOTAL INCOME 16,787 34,85Q 51,637 41,612 EXPENDITURE ON: Raising Funds Costs of generating voluntary income Fund-raising trading Investment Mana￿Ment costs Charitable Actlvities 14,527 25,392 39,919 26,183 Other Expendllure TOTAL EXPENOITURE 14.527 25,392 39,919 26,183 Net Sn¢omingl(outgoingl r•soure•s 2.260 9,458 11.718 15,429 Gains on Freohold Properties Unrealised Gains and Loss•$ on Inv•stments Realised Unrealised Net Movemènt In Funds 2,260 9,458 11.718 15,429 Balances brought forward at 1st January 2021 Transfar of Sale of215 Privett Road to Parish wener8tion Balance5 carried forward at 31st D¢¢ember 2021 117,072 93,622 214.308 317,388 210,694 214,308 436,720 195.265 119,332 210,694 Par￿h Centre Balancè Sheèt as * 31st December 2021 Not¢ 2021 2020 Flxed As$•t$ T8ngiblè Fixed assets Investment assets 5a 100,000 100,000 Sb 100,000 iOQ,(M)O Current A55ets Debtors and Prepayments Short Term Deposits Cash al bank and in hand 336,720 336,720 110.694 110.694 Liabilities: Amounts Falling Dua Wlthin One Year Net Current Assets 336,720 110,694 Net Assèts 436,720 210,694 Funds Unreslricled 119,332 317,388 117,072 93,622 Restricted Endowmanl 436,720 210,694 Approvgd by the Parod)ial Church Council and signed on ils behaEf by Dated P8ri5h Centre tatemènt of Financial Activlties for the Y8ar Ended 31st Decem er 2021 Accounting Policies See Policy slated in aggreg8ted account Notes Unr6stricted Ro$tricted Endowment Funds Total Funds 2 Incomlng Resour¢es Funds Fund$ 2021 2020 Incoming resources from generated funds Voluntary Income Donations and Appeals 1.400 1.400 12,266 12,266 13,666 13,666 24,086 24,086 Activities Aorgeneratlng fvnds Letting Feès Michaelmas Fayre Income COVID Grants and Furlough Events Insurance Payment 6,159 6,159 6,205 8.424 803 15,386 8,424 803 7,891 15,386 14,096 Investment Income Bank and Deposit Account Interest 16 113 16 113 Incoming R￿OurC￿ from Charrtsbl8 Activitles Events and Actlvilies 22.568 22,568 3,315 Other.. roundin9 orrors 22,Se8 22.569 3.317 Total Incoming Resour 16,787 34,850 51,637 41,612 Parfsh Centre 3 Resources Expand Notès Unrestrictsd R•strictsd Endowm•nt Funds Funds Funds Total Funds 2021 2020 Costs of g8n•rating funds Fund-ralsing trading.. cost of goods sold and other costs Charltablé Activities Fairer Sha 1,232 2.032 1,232 2,032 1.232 2.011 Insur3nce Insurance Claim Excess Water, Heating and Lighting Maintenance Cleaning Wages Cleaning Materials & Expenses Refuse Coll&¢tion Gardgn S8rvices Furnishings & Equipmgnl PCC ContributlDn 1.371 892 1,371 892 1,122 225 4.010 873 4,010 873 811 4,055 618 636 811 610 610 476 2,596 2,596 2,596 Other 931 Regeneration FurKI Costs 25,392 25,392 12,281 Independent Examinws Fees 100 100 14,527 25,392 39.919 26,183 Total Resourcès Exponded 14,527 25,392 39,919 26,183 2021 2020 4 Staff Costs Wages and Salaries 4,010 4,010 4,055 4,055 Parish Centr 5 Flxèd As$ots for Use By Thè PCC 50 Tanglblè Flxed Assets Freehold Land and Buildin95 Parish Centre 2021 2020 Gross Book Value 100,000 100,000 100,000 100,orio 100,000 100,000 Gross Book Value 6 Dobtors and Pr•payments 2021 2020 MI￿ Dèbtors Insurance Hire Fees 7 Cash at Bank and In Hand 2021 2020 Lloyds Current Account Lloyds Current Account MF Lloyds Current Account Regeneration Fund Lloyds Deposit Account Regeneration Fund 19,331 17.072 267,186 50.203 336.720 43,435 50,187 110,694 8 Liabllitlos: Amounts Falling Due Wfthln One Year 2021 2020 Independent Examiners Fees 9 Analysls of N•t Assèts By Fund Unrèxtricted RestrSct•d Endowment Funds Funds Funds Total Fund$ 2021 2020 Fixed Assets for church use 100,000 100.000 100.000 Invèslmenl fixèd assets Current assets Current liabililies 19.331 317,389 336,720 110,694 119,331 317,389 436,720 210,694 10 Th& Rèstricted Funds The Alverstoke Parish Centre RegenerationProject accounlsfor the year are reported at restricted funds above and summarised below. During the year, the proceeds from the sale of 215 Privett Road of £214.308 were transferred to the Regeneration Project account. This amount has been ring fenced for use in the construction phase of the project. Bal8nce 01-Jan-21 Income ExpenditilTe TransfeT Balan¢e 31-D8c-21 Alversloke Parish Centre Regènèration Project 93.622 34.850 214,308 214308 317,388 Parish Centre Stma C - Brodrick Hall Statement of Financial Actlvities for thè Y ar Ended 31st December 2021 Not• Unrestrictèd Restrict•d Endowment Totsl Funds Funds Funds Funds 2021 2020 INCOME AND ENDOWMENTS FROM: Donations and Logaaes Other Trading Activities Investments 120 13.015 120 13.015 120 4,841 Charitable Activities Other Income TOTAL INCOME 13,135 13,135 4.961 EXPENDITURE ON: Raislng Funds Costs of generating voluntsry Income Fund-raising trading Investment management costs Charitable Artivits'es Other Expenditure TOTAL EXPENDITURE 7.104 7.104 7.658 7,104 7,104 7,658 Net Movement in Funds 6.031 6,031 2,697 Balancos brought fonvard at 1st January 2021 107,408 107,408 110,105 Balan¢ts carried forward at 31st December 2021 113,439 113,439 107.408 Brodrick Hall Balance Shèet as at 31st Dècembèr 2021 Notè 2021 2020 Flxed Assets Tsngible Fixed assets Investment asse15 100.1)00 100.000 100,000 100,000 Currgnt Assets Stock Deblors and Prepay7nenls Cash al bank and in hand 34 13.457 13,491 7.514 7,514 Liabilities.. Amounts Falling Due Within One Year 1521 1106) Net Current Assets 13,439 7,408 Net Assets 113,439 107,408 Funds Unrestricted Restricted Endowment 113,439 107.408 113,439 107,408 Approved by the Paro¢hial Church Council and si9ned on its behalf by Dated . Brodrick Hall Statemènt of Financial Activities for thè Year Ended 31st December 2021 Accounting Polici8S See Policy staled in aggtegated a¢count Unrèstricted Rostrl¢ted End¢wment Funds Funds Funds Total Funds 2 Incoming Ros¢uTces 2021 2020 Incoming rasources from gènèrated funds Voluntarylncomo Donations 120 120 120 120 120 120 Actlvltles forgeneratlng funds Hall Lettings Gas Refund Other In¢ome Photocopying and Printing 13.015 13.015 4,841 13,015 13,015 4,841 Inveslment Incomè Bank Interest Total Inwning Resources 13,135 13,135 4,961 3 Resources Expanded Charltable Activities Rates Po$lagelSlationary Other Expenditure Insurancg 221 31 505 1,515 1,042 2.101 181 221 31 505 1.515 1.042 2.101 181 81 13 15 1,513 1,416 326 175 Ll9hling and Healing M8intenance and Clèaning Fire Extinguisher Contribution lo St Marls Hall Improvements Independent Examiners Fees 1,250 158 1.250 158 1,250 2,794 75 100 100 7,104 7,104 7,658 Total Resour¢e8 Expended 7,104 7,104 7,658 BrodrK* H811 4 Flxed Assets for Use By The PCC 4a Tanglbl¥ Fixed Ass•ts Frè•hold Land and 8uildlng$ Brodrick Hall 2021 2020 Cost at 1st January 2013 Gross Book Valuè 100.000 100.000 100,000 10D,000 100,000 100,000 S Debtors and Prepayments 2021 2020 D8blors (Various Hiring Groups) 34 34 6 Cash at Bank and In Hand 2021 2020 Sanlander Current Account Santar+der ReseNa Account Petty Cash 13.456 7.514 13,457 7,514 7 Liablllties: Amounts Falling Due Within On• Year 2021 2020 Creditors 52 106 Independent Examiners Fees (cancelled fo¥ 20211 52 106 8 Analysis of Net Assèts By Fund UnTestrict•d Restricted Endowment Total Funds Funds Funds Funds 2021 2020 Fixed Assets for church use Investment fixed assets Current assets Cvrrenl liabililies 100,000 100.000 100,000 13.491 1521 113,439 13.491 {521 113.439 7,514 {1061 107.408 Brodrick Hall Stma 'sPCC-O an Fund Statement of Finoncial Activities for the Year Ended 31st Decembèr 2021 Note Unrestrl¢ted Restricted Endowment Funds Funds Fun(Is Total Funds 2021 2020 INCOME AND ENDOWMENTS FROM.. Donations and Legacies Other Trading Activities Investments 451 451 145 Charitable Activities Other Income TOTAL INCOME 451 451 151 EXPENDITURE ON: Raising Funds C051s of generating voluntary income Fund-raising tracsing Investrnenl rnanagemenl costs Charitable Activities Other Expenditure TOTAL EXPENDITURE Net Movement in Funds 451 451 151 Balances brought forward al 1 $1 January 2021 5,214 5,214 5.063 Balances Carri￿ forward al 31 st De￿mber 2021 5,665 5,665 5,214 Organ Fund Balance Shèet a at 31st December 2021 Note 2021 2020 Current Assets Debtors 2nd Prepayments Short Temi Deposits Cash al bank and In hand 1.315 3,899 5.214 5,665 5.665 LlabllltF•s- Amounts Falling Due Within On8 Year Ngt Currgnt Assets 5.665 5,214 Nèt Assets 5.665 5,214 Fund$ Unrestricted Restricted 5,665 5,214 Endowment 5.665 5,214 Approved by the Parochial Church Council and signed on its behalf by Dated Organ Fund statement of Financial Activities for the Year Endad 31st December 2021 Accoijnting Policies See Policy slated in aggregated account Unrestricted Restricted Endowmont Funds Funds Funds Total Funds 2 Incoming Resourc8$ 2021 2020 Incoming resourcos from generated funds Voluntary Income Donations 25 25 145 Inwme Tax recoverable Other planned giving Collections (open plate) at all services Investments Donalions and Appeals Other Events= Other Events Alpha Lent Group Charitable A¢livilies Church Refurbishment Other 425 425 451 451 145 Activities forgenerating funds Organ Recitals Other Musical Events Choimiaslers Quiz Investment Income CBF Deposit Interest Total In¢omlng Resources 451 451 151 3 Resources Expended Charttsble Activities Organ Recitals ProgrammeslPosters CCTV Maintenance and rep8lTS Organ Fund Independent Examiners Fees (cancelled for prior years) Total Rosources Expended Or9an Fund ¥k8 151 &% 5 Debtors 2021 2020 Gift Aid due for donations 6 Short Temi Deposits 2021 2020 CBF Deposit Fund (Organ Fund) 1,315 1.315 7 Cash at Bank 2021 2020 Lloyds Current Account 5.665 5,665 3,899 3,899 8 Llablltt5es: Amounts Falling Due Vlithin On• Y•or 2021 2020 Independent Examiners Fees 2016 (cancelled for 2021) Independent Examiners Fee5 2020 (cancelled for 2021} 9 Analysis of Net Assets By Fund Unrestricted Restricted Endowmont Total Funds Funds Fund$ Funds 2021 2020 Current assets Current liabilities 5,665 5,665 5.214 5,665 5,665 5,214 Org8n Fund ## **INDEPENDENT EXAMINER'S REPORT ON THE PARISH OF ALVERSTOKE** This report on the financial statements of the PCC for the year ended 31st December 2021, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 ('the regulations') and s.145 of the Charities Act 2011 ('The Act'). ## **Respective Responsibilities of the PCC and the Examiner** As the members of the PCC you are responsible for the preparation of the financial statements; you consider that the audit requirement of Regulations and section 144(2) of the Charities Act 2011 does not apply. It is my responsibility to issue this report on those financial statements accounts in accordance with the terms of the Regulations. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified fellow of the Association of Charity Independent Examiners. ## **Basis of Independent Examiner's Report** My examination was carried out in accordance with the General Directions given by the Charity Commission under section 145(5)(b) of the Act and to be found in the Church Guidance, 2006 edition, issued from the Finance Division of the Archbishops' Council. That examination 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 accounts 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 no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below. ## **Independent Examiner's Statement** In connection with my examination, no matter has come to my attention: 1) which gives me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with section 130 of the Act; and - to prepare accounts which accord with the accounting records and to comply with the requirements of the Act, and the Regulations have not been met; or 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. P B Robinson MAAT FCIE Independent Examiners Ltd Sovereign Centre Poplars Yapton Lane Walberton West Sussex BN18 0AS Dated: 13 April 2022