2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Mary Portsea, Portsmouth

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		Annual Report	Annual Report
		Statement of	Responsibilities
		Independent	Examiner's Report
		Statement of	Financial Activities
	10	Balance Sheet
11	-20	Notes to the	Financial Statements

							2021	2020
				Unrestricted	Restricted	Endowment	Total	Total
				Funds	Funds	Funds	Funds	Funds
			Note		6	6		5
INCOME AND
ENDOWII/IENTS FROM
Donations and legacies			2a	77,267	449,265		526,532	235,932
Church activities			2b	21,902			21,902	26,772
Activities for generating		funds	2c	4,467			4,467	4,290
Investment income			2d	33,794	880		34,674	35,506
TOTAL				137,430	450,145		587,575	302,500
EXPENDITURE ON
Raising funds			3a
Church activities			3b	247,428	449,265		696,693	367,554
TOTAL				247,428	449,265		696,693	367,554
(LOSSES)/GAINS	ON
INVESTMENTS			8	103,845	4,295	58,376	166,516	79,162
(EXPENDITURE)/NET		INCOME		(6,153)	5,175	58,376	57,398	14,108
TRANSFERS BETWEEN FUNDS			11
NET MOVEMENT	OF FUNDS			(6,153)	5,175	58,376	57,398	14,108
RECONCILIATION	OF	FUNDS:
BALANCE BROUGHT		FORWARD		82,536	33,564	1,121,847	1,237,947	1,223,839
BALANCE CARRIED FORWARD				76,383	38,739	1,180,223	1,295,345	1,237,947

31 DECEMBER 202	1
							2021	2020
				Unrestricted	Restricted	Endowment	Total	Total
				Funds	Funds	Funds	Funds	Funds
			Note	F	6	E	E	5
FIXEDASSETS
Investment assets			8	110,813	35,497	1,180,223	1,326,533	1,250,017
CURRENT ASSETS
Debtors				5,422			5,422	3,708
Cash at bank and	in hand			10,381	3,242		13,623	2,361
				15,803	3,242		19,045	6,069
LIABILITIES:AMOUNTS		FALLING
DUE WITHIN ONE YEAR			10	(50,233)			(50,233)	(18,139)
NET CURRENT ASSETS				(34,430)	3,242		(31,188)	(12,070)
TOTAL NET ASSETS				76,383	38,739	1,180,223	1,295,345	1,237,947
PARISH FUNDS
Unrestricted			11	76,383			76,383	82,536
Restricted			11		38,739		38,739	33,564
Endowment			11			1,180,223	1,180,223	1,121,847
				76,383	38,739	1,180,223	1,295,345	1,237,947

2.	INCOME AND ENDOWMENTS	INCOME AND ENDOWMENTS	INCOME AND ENDOWMENTS	FROM
									2021	2020
					Unrestricted		Restricted	Endowment	Total	Total
						Funds	Funds	Funds	Funds	Funds
						F	F	F		E
2a.	Donations and legacies
	Planned giving:
	Gift aid donations					36,329			36,329	41,542
	Income tax recoverable					10,990			10,990	5,635
	Other planned giving
	Collections at all services					7,063			7,063	3,002
	Grants					17,000	449,265		466,265	151,944
	Donations, appeals, etc.					5,885			5,885	15,331
	Legacies									18,478
						77,267	449,265		526,532	235,932
	Grants received, included		in the	above	are	as follows.
	The National Heritage	Lottery Fund							378,740	151,032
	Listed Place ofWorship								70,525	912
	Allchurches Trust								17,000
									466,265	151,944
2b.	Church activities
	Church halls lettings etc.					1,675			1,675	12,256
	Church lettings etc.					5,717			5,717	8,254
	Fees					14,510			14,510	6,009
	Magazines									253
						21,902			21,902	26,772
2c.	Activities for generating		funds
	Fetes, Bazaars, other fund		raising events			4,467			4,467	4,190
	Magazines (advertising	fees)
	Stewardship									100
						4,467			4,467	4,290
2d.	Income from investments
	Dividends and interest					33,794	880		34,674	35,506
	TOTAL					137,430	450,145		587,575	302,500

3.	EXPENDITURE ON
							2021	2020
				Unrestricted	Restricted	Endowment	Total	Total
				Funds K	Funds	Funds 6	Fundsf	Funds 6
3a.	Raising funds
	Fetes, Bazaars, other fund	raising events
3b.	Church activities
	Missionary and charitable	giving
	Home missions and other	Church	Societies
	Ministry -diocesan and deanery - other ministry costs		quotas	77,783 5,316			77,783 5,316	86,377 7,852
	Churches - running expenses			21,312			21,312	30,146
	- maintenance			106,988	449,265		556,253	203,709
	Sunday school and youth	work		197			197	250
	Parish magazines and bookstall
	Church Halls —running costs
	Organists and choirs			10,760			10,760	9,495
	Grants payable
				222,356	449,265		671,621	337,829
	Analysis ofgrants payable
	Grants to institutions
	St Mary's Church Portsea	Music	Foundation
3c.	Support costs Secretarial services			19,774			19,774	20,260
	Printing and stationery			2,055			2,055	3,746
	Renewal ofoffice equipment			(684)			(684)	1,631
	Legal &professional fees			927			927	1,004
	Independent Examination	fees		3,000			3,000	3,084
				25,072			25,072	29,725
	TOTAL			247,428	449,265		696,693	367,554

Supportcosts
		Management	Governance	Total
			(note 5)
			6
Secretarial services		19,774		19,774
Printing and stationery		2,074		2,074
Renewal ofoffice equipment		(684)		(684)
Copyright licences Independent Examination	fees	927	3,000	927 3,000
		22,072	3,000	25,072

5.	Governance	costs
				Unrestricted	Restricted	Endowment	Total	Total
				Fund F	Funds E	Funds E	2021f	2020 f.
	Independent	Examination	fees	3,000			3,000	3,084
				3,000			3,000	3,084
							2021	2020
							6	6
6.	STAFF COSTS
	Wages and salaries						26,239	22,318
	Social security costs
							26,239	22,318

COMPARATIVES FOR	THE STATEMENT O	F FINANCIAL ACTIVI	TIES
					2020
		Unrestricted	Restricted	Endowment	Total
		Funds 6	Funds f	Funds F	Funds 6
INCOME AND
ENDOWMENTS FROM
Donations and legacies		84,900	151,032		235,932
Church activities		26,772			26,772
Activities for generating	funds	4,290			4,290
Investment income		34,656	850		35,506
TOTAL		150,618	151,882		302,500
EXPENDITURE ON
Raising funds
Church activities		216,522	151,032		367,554
TOTAL		216,522	151,032		367,554
GAINS/(LOSSES) ON
INVESTMENTS		6,293	1,952	70,917	79,162
NET INCOME/(EXPENDITURE)		(59,611)	2,802	70,917	14,108
TRANSFERS BETWEEN FUNDS
NET MOVEMENT OF FUNDS		(59,611)	2,802	70,917	14,108
RECONCILIATION OF	FUNDS:
BALANCE BROUGHT	FORWARD	142,147	30,762	1,050,930	1,223,839
BALANCE CARRIED FORWARD		82,536	33,564	1,121,847	1,237,947

8.	INVESTMENTS
				2020				2021
			Historical	Market			Unreahsed	Market
			Costf	Valuef	Additionsf	Disposals f	Gams f	Valuef
24,222 COIF Income Shares			19,994	436,272			61,170	497,442
179	COIF Income Shares		1,343*	3,230			451	3,681
CBF Investment Fund
35,241 16	Income Shares Income Shares		369,751 115*	809,323 328		(90,000)	104,860 46	824,183 374
375	Fixed Interest Shares		396	636			-44	592
11	Charibond Shares		135	228			33	261
			391,735 1,250,017			(90,000)	166,516	1,326,533
	Money deposited at CBF
			391,735 1,250,017			(90,000)	166,517	1,326,533
	"Value at 1st January 1996
9.	DEBTORS					2021f		2020f
	Income Tax recoverable
	Other debtors					5,422		6,661
						5,422		6,661
10.	LIABILITIES:AMOUNTS	FALLING DUE WITHIN ONE YEAR				2021 F.		2020f
	Deposits received in advance
	Other creditors					50,233		12,162
						50,233		12,162

MOVEMENT OF FU	NDS	NDS
	Balance at 01.01.2021f		Incoming resources F	Resources Expended f	Investment Transfers gains f f		Balance at 31.12.2021 F
Unrestricted
General Funds
—Parish		1,650	34,619	(146,520)	265	90,000	(19,986)
—St Mary's Church		(31,793)	68,318	(80,669)	(175)		(44,319)
-St Wilfrid's Church		(514)	8,060	(12,370)	(90)	570	(4,344)
—Sl Faith's Church Parish Contingency		79,201	9,233	(7,672)		11,502 917	92,264 917
Clergy Housing Repair Fund		5,177					5,177
Crasswell Street Fund		98				14	112
St Mary's Church
-CHA Fundraising		3,800					3,800
—Bell Tower Fund		3,981					3,981
-Youth Work Legacy		1,478					1,478
StWilfrid's Mission	Church
-Young Families Legacy		17,000	17,200	(197)			34,003
St Faith's Mission Church
- Minibus Fund						842	3,300
		82,536	137,430	(247,428)		103,845	76,383
	Balance at 01.01.2021		Incoming resources F	Resources Expended f	Investment Transfers gains f f		Balance at 31.12.2021 f
Restricted
Charitable Giving		40					40
Drake Bequest		15,066	346			1,688	17,100
National Lottery Heritage			378,740	(378,740)
Listed Places ofWorship			70,525	(70,525)
St Mary's Church
—Assistant Organist	Grant	231					231
- Flower Fund
St Wilfrid's Mission	Church
- Restoration 8 Maintenance
Fund		856					856
St Faith's Mission Church
- Minibus Fund		16,834	534			2,607	19,975
—Organ Fund		537					537
		33,564	450,145	(449,265)		4,295	38,739
	Balance at 01.01.2021f		Incoming resources f	Resources Expended f.	Investment Transfers gains f f.		Balance at 31.12.2021f
Endowment
Trust Funds and Bequests 1,121,847						58,376	1,180,223

		Balance at	Balance at	Incoming	Resources	Investment	Investment	Balance at
		01.01.2020		resources	Expended	Transfers	gains	31.12.2020
			E		6	6	E	F
Unrestricted
General Funds
- Parish			21,643	41,290	(50,929)	(10,354)		1,650
-St Mary's Church			(15,690)	61,532	(127,454)	49,819		(31,793)
-St Wilfrid's Church			2,891	19,392	(22,982)	(74)	256	(514)
-St Faith's Church Parish Contingency			79,203 33,560	9,926	(15,157)	(33,977)	5,229 417	79,201
Clergy Housing Fund	Repair		5,177					5,177
Crasswell Street	Fund		93					98
StMary's Church
—CHA Fundraising			9,214			(5,414)		3,800
- Bell Tower Fund			3,981					3,981
—Youth Work Legacy				1,478				1,478
StWilfred's Mission		Church
-Young Families	Legacy			17,000				17,000
StFaith's Mission Church
- Minibus Fund			2,075				383	2,458
			142,147	150,618	(216,522)		6,293	82,536
		Balance at		Incoming	Resources	Investment		Balance at
		01.01.2020		resources	Expended	Transfers	gains	31.12.2020
			F	F		6	E
Restricted
Charitable Giving			40					40
Drake Bequest			13,965	334			767	15,066
National Lottery	Heritage			151,032	(151,032)
StIlary's Church
-Assistant Organist		Grant	231					231
- Flower Fund
StWilfrid's Mission		Church
- Restoration & Maintenance
Fund			856					856
St Faith*s Mission Church
- Minibus Fund			15,133	516			1,185	16,834
-Organ Fund			537					537
			30,762	151,882	(151,032)		1,952	33,564
		Balance at 01.01.2020		Incoming resources	Resources Expended	Investment Transfers gains		Balance at 31.12.2020
			F	F	6	F	E	6
Endowment
Trust Funds and	Bequests1,		050,930				70,917	1,121,847