StJames' by the Park THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JAMES, SHIRLEY, SOUTHAMPTON REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 CHARITY NIIMBER: 1130875
THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PARISH OF STJAME& SHIRLEY, SoirrHAMON FllYANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER2022 Pages io-ii Statetn¢th of Financial Activities 12 Balanrx Sheet 13 Notes to the Financial Statements 14-24
Page I FOR THEYEAR ENDED 31 DECEMBER2022 The tnLthe5 present their Annual Rq and Fina18[ Statements of The Parothial Church Council of the FLclesiastical Parish of St Jam¢& Shirl¢y. So•ton (the PCC) for the year ended 31 December 2022. The Financial Stslements comply %th the Tt De&l the Church knounting Regulations 2006, th¢ Charities Act 2011 and Accounting and RqM)rting by Ckwities: Statement of Recommended Practice applicable to tharities prepari[ their Financi Stakments in acconlance wÈth the Financial Reporting Stand&d applicable in the UK and Republic of Irela1 (FRS 102). The Parochial Church Council of the F£clesAastical Parish of St Jame4 Shidey, Sothpton encomp&& two churchffj these Ing St James, Churcl StJaEnes' RO Shirley. Southampton and St John's Church Centre. St James, Ro&£ Sbirley. Southampto Charity Name: The Par(diial Church Council of the Ecclesiastica] Parish of St Jam4 Shirley. Southampt Charhy Re£tratIOn Number. 1130875 CorttspondeDee AddreM: 133 Church StreeL Soullwnp Hampshire. S015 5LW The Par(Khial Church Council of the Ecclesithtcal PaTish of St Jame4 Shirley. Southampton w&8 granted clwitable slatus on 30 July 2(K)9. Paroehial Cbureh Collneil Truste PCC Memter4 who are the clwity's trustee4 srnl during 2(r22 wrre: ID¢umbentr R¢v¢rend Dani¢l Ctark Chainnan Appointed 26.06.12 WardeDS: Jacqueline Dowdell Nicholas Smith Appointed 26.0421 Appointed 26.04.21 Eleeted Members: Laura Borthwick Nicola Caveney Marie Gray Geofftey Payne Aimee Ivhiffield Rachael Young Twy King David Snape David Arbery John Thomas Tara Watson Tamsyn gtort Appointed 12.10.20 Appointed 26.04.21 App)inted 26.04.21. Treasuffr from 01.01.23 Appointed 26.04.21 Appointed 12.10.20 Appointed 26.04.21 Appointed 26.04.21 Appointed 04.22 Appointed 04.04.22 Appoint¢d 08.06.20; resigned 04.04.22 Appointed 03.04.19' signed 04.04.22 Appointed 03.04.19' resigned 04.0422 Co-opted Members: Ugochi Okoli Appointoa 04.0422
Page 2 THE PAROCHIAL CHURCH COUNCIL OFTHE EcCLLSIcAL PARISH OF (CONfINUED) 31 DECEMBER2022 REFERENCE AND ADmINISnTIvE INFORMATION (CONllNUED) Clew: Reverend Georgia Condell Reverend Lena Phillips Appointed 04.10.20" resigned 31.12.22 AptK)inted 05.07.15' resigned 31.05.22 Genernl Synod: Simon Clifi ApwintedOI.10.15 Dloeesan Synod: Esther Clift Appointed 01.08.15 Deanery Synod: David Bates Rosemary Bmoks David Wagstaff App)inted 23.03.14 ApFNJinted 03.04.19 App)inted 23.03.14 Advisors to PCC Theresa Bowen in Att¢ndanee: David Phillips Katy Barnes Treasurer (to 31.12.22) (to 01.06.22) Paid Staff: Josh Cook Angel Itzstein Paul Lambert (to 31.08.22} Our Advisors: Bankers: National westmin Bank Pjc l Romsey W Shirley. southan]pts S016 4GT Nationwide Building So¢iety Kings Pth Roa Moulton ParK Nortb8mpton. NN3 6NW Independ¢nt Examiner. Abraham & Dobell 230 Shirley Rorf southampto S015 3HR
Page 3 THE PAROCHIAL CHIJRCH COUNCIL OFTHE ECCLLSIASTICAL PARISH OF TRUSTEES? AI¥NUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 OUR PURPOSESAIYD AIVITIEs The purpose of the PCC is: to Cowoperate with the incumbent (vicar) in promoting, in the the whole mission of the to raise approptiate matters for d¢bate at diocesan or d¢gnery synod level. tn pwtice, that means that the role of the PCC is to confer on all matters reknting to the lif4 ministy. worship, servi, evgngelism and buildings of the parislL to discuss and decide on (within its statutory powers) the strategy and policy ofthe churcFL In order to achieve tbis, members 11 D¢edlx)thto ¢anvass opinions within the church and initiate discussion in ar needing fresh attention. Public BeDefit ststement All of our activities are undertaken to further our charitable purposes for th¢ public benefit. In planning our activities for the year we have considered the Charity Commission's guidance on public benefit, including the guidance 'Publi¢ Benefit: Running a Cl)arity (PB2)' and, in particular, the supplem¢ntsry guidance on charities for the advancement of r¢ligion. St James, by the Park- who we are and wbat makes us tick God is calling us to beeome (our vision) God Is calllng us to become a community who embrace Different expressions ofclwrch in order to make Disciple-making disciples who Increasingly reflect the Diversity ofour local area To acbieve this Visio God is calling us to be Courageous. Iyhole-hearted Erpeclant What do disciples do? (our discipleship triangle) Up.. Go d¢eper wlth God In.. grow closer fo each other Out." reachft4rther with ihe good news ofJes God calls us to believe (our foundations) God17oving Faiher, saviour Son, empowering Spirit), Bible (God's inspired word. essentialfor life andfaiih), Church (ordinarypeoplefollowing ihe extraordinary Jesus together) Our miysion focus areas (priorities) mepual wellbeing,. environmenl.. olderpeople,'fiPnClaI hardFhip childrep4 leenagers andfapnilies.. inler-culthral relaliorL%
Page 4 THE PAROCHIAL CHURCH COUNCtL OFTHE ECCLESIAsficAL PARISH OF STJAME& SHIRLEY. SOUTHAMPTON TRusfEES? ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER2022 ACHIEVEMENTS AND PERFORMANCE Sunday Serviee Attendance The average weekly attendance at Sunday services was 124 adults. Viear's Review of the YeAr 2022 was a time of eontiDuing to rebuild in the light of the pandemkc. More people were confident to return to gathered worship in St James- a quick snapshot of attendance suggests we had IO% more people in January 2023 than January 2022. There has been a gradual tsiling off of online attendance. but that is still proving a vital ministry to many of our houseb)und sisters and brothers. Equally significantly, we were able to restart Tbe Ark in 2022 and welcome in many paren carers, babies and toddlers from the loc&1 community. Many of these parents and toddlers have missed out on much social interaction beCae of the pandemic and it is wonderful to be able to provide this service to the local community. Discipleship is our core task as a church and we began the year focusing on what we mean by dis¢ipEeship- apprenticeship to Jesus. During Lenl. we had a season of 'fasting and feasting, as we explored how this spiritual discipline can help our discÉpleship. Later we used the SHAPE mat¢rial to explor¢ IK)w God calls ¢ach onc of us to serv¢ him using the unique blend of spiritual gifi& heart p&ssion4 abilitie& personality and experiences tlkat he has given us. Servi¢¢ is one of the key hallmarks of a disciple, and I am so gratefi to all who are cOnlouSlY and activ¢ly serving God using their SHAPE - at work, in school, in church, in the community. How we are growing as disciples is a far more important indicator to the Lord than numbers attending on a Sunday morning. That said, our Sunday gatherin are vital for helping us grow disciples as well, bccause we grow best as disciples in community. We conducted a survey about our Sunday services &8 we've grappled with the question of how to develop our Sunday offering. We haven't returned to our pre-pandemic pattern of a 9 &m. and a 10.30 &m. service, nor of Superstars once a month. I know that is a sadness to some. But I'm delighted that many are engaging with God and each other through the Wonder Walks (a gentle wander on Southampton Common to experience God in the beauty around us) and Explore Together (a service with lots of participation and creativity). It was clear from the results of the survey that there's no ¢asy way forward. Trying to balance the different worship-style preferences of our congregation is tricky- and I'm gtatefid that so many put aside tbeir personal preferences on a reguIar basis to join with the rest of God's family here to give him th¢ glory he is due.
Page 5 THE PAROCHIAL CHURCH COiJNCIL OF THE CL&S[As[[cAL PARISH OF (CoD) FOR THE YEAR ENDED 31 DECEMBER 2022 ACHtEVEMENfs AND PERFORMANCE (coiYfiNUED) Just &8 imp)rtant to discipleship are our smaller mldweek groupj. I'm delighted that more of our cell groups are now meeting in person again than they weff a year ago. and several hav¢ grown in siz£. I'm also encouraged that some are continuing to ¢xperimenl with mixed-mod¢s of gath¢ring - sometimes using WhatsApp to support each other in prayer through the week: sometimes meeting online to help with childcare; sometimes splitting into smaller singlerS¢X groups to enable a deeper level of sharing. sometimes meeting up socia]ly to dttpen friendship. It's particularly encouraging that two of the newer cell groups are much Jnore intergenerational in nature, which is so important for on80in8 dis¢ipleship. We still have much work to do to help more under 50s (espxially those with younger children) acce&8 groups or prayer triplets or other ways for them to grow as disciples-in-community. Our Church CouD¢iI ¢ontinu¢d to take a lead on reviewing our vision and value4 with input from the congregation and small groups. We felt God ¢allin8 US to adopt 3 wordl that need to be hallmarks of our discipleship in thi5 s¢ason: ¢ourag¢ous, whole-heorted and expectant. These words will apply to us individually and collectively: at home. at work and at church. They are words that we will need to revisit over the next year. too. We also renewed our church vision and launcbed it in early 2023. It's a >D vljion: that a ChUh Community we would ¢mbrac¢ Different expressions of churcJL in order to make Dlseiple-making di8¢lplu. who better reflect the increa5in8 Dlverslty of our local We will need to do work on this throughout the coming years, but it's been heartwg and enriching to see our church community increase in cultural diversity over th¢1&8t year. We have welcomed many from Hong Kong. and at the time of writin& five households are hosting Ukrainian refugees- with others supporting them, A hu8¢ thank you to everyone who h&8 helped with that welme. It is an ex¢iting but difficult journey to become a mor¢ int¢r¢ulturnl chutrl4 but it is x• iMrIant for our own discipleship and for our mission to our lo¢al are& We have bad wbat seems like more than our fair share of illness and difficulti¢s in 2022. We called special prayer evening in the summer to Pray for and anoint dear sisters and brothers who were facing serious illness - and for anyone else who wanted to bring their ovm need5 kfore God. It was a rich and powerful evening. It's been good to gather since th¢n for some otherprayer and worship evenings. (The online prnyer meelings during the pandemic were well attended - Ybe because there was increased TognItiOll of our ne&1 to pray together, maybe simply b¢use there was little else we could do! On¢ of th¢ ¢hall¢ng¢s now is continuin8 to prioritise prayer in our personal and corporate discipleship.)
Page 6 THE PAROCHIAL CHURCH COUNCIL OF THE ECcLLSIAIcAL PARISH OF ST JAME& SHtRLEY, soUrHAON TRusfELS' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER2022 ACHtEVEMENfs AND PERFORMANCE (COINUED) There have be¢n scvernl big shifts on the staff t¢am: Lena Phillips and Katy Barnes both retired from the staff team. Georgia Condell finished her curacy, started chaplain at St Mark's School and moved to St Mark's church at the beginning of 2023. And Paul Lambert finished his paid role as Assistant Leader and began training for ordination in S¢pt¢rnb¢r. En addition, I took on the role of Assistant Area Dean and started visiting Shirley Infant and Junior Schools once a week to support the staff there. The combined effect of all that has been a si1ficant d¢cr¢&se in the staff team's capacity. The PCC began looking at developing a wider team of shared leadership in response to this - something that will need continued work in 2023 and beyond. Despite the challenges we face. we remain eoDfident in God's goodness, love and faRlhfulne8$ salm IIX).5)! We are his people, the sheep of his pasture (Psahll 100.3) and he 11 continue to look after us. So, as we look to the future. let us be courageous- knowing that he pron)ises to be with us. let us be whole-hearted-knoThing that Jesus gave everything forus. and let us be expt- knowing that God is abl¢ to do immeasurably mor¢ than all w¢ ask or iniagine, according to his power that is at work sn us. Hallelujah! The PCC'S total income for 2022 was £709.232 (2021 - £272,240). Of thi& £276,195 were unrestricted fimds and £433,037 wer¢ restricted funds from the sale of the St Jolm's Church building in July 2022. Net expenditure w&s £284,283 (2021 - £267203). This resulted in a net deficit in unrestricted funds for the year of £8,088 and an Ove11 net sUlUS of £424,949 (2021- net surplus £5.037). 2022 2021 Unrestricted income Expenditure 276,195 284,283 272,240 267,203 Net surplusl(deficit) on unrestricted fuDds (8,088) 5.037 Restricted income 433,037 Net surplusl{deficit) on all funds 5,037 The balanc¢ sh¢ct shows that the overall fimds of the PCC, including fixed assets. at the end of 2022 was £694,700 (2021- £269,751). Of this. £157,578 was free ¢&8h reserves (2021- £165,374) and £433.037 Wds restricted funds (2021- none).
Page7
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JAMES, SlllRLEY, SOUTHAI.'.IPTON
TRUSTEES' ANNUAL REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
FINANCIAL REVIEW (CONTINUED)
Income
The PCC's unrestricted income increased by £3,955 (2021 - decreased by £6,087) in the year. This is mostly due to an increase in rent received from the hire of the church buildings.
Total donations were £211,619 (2021 - £216,807), which represents a decrease of £5,188 (2%) compared to the previous year. Gift aid recovered was £49,056 (2021 -£44,508), which is an increase of £4,548 (10% ).
Additional restricted income of £433,037 was received from the sale of the St John's Church building in July 2022; these funds are restricted to use locally within the parish. This sum represents 79% of the net proceeds of the sale. It is being held by the Diocese of Winchester on our behalf and can only be spent with our authorisation. The remaining 21 % (£115,111) of the proceeds are the subject of a reverter clause that was put in place when the money to buy the land was gifted to the PCC. Our entitlement to this portion of the sale proceeds is awaiting clarification and it cannot yet be recognised as income. This portion is also being held by the Diocese of Winchester whilst this process takes place.
Expenditure
Total expenditure in the year was £284,283, an increase of £17,080 (6%) compared to the previous year but lower than the predicted expenditure which was set in the annual budget at £298,620.
The main areas of cost were:
| he main areas of cost were: | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Common Mission Fund | 86,020 | 102,000 | ||
| Lay staf salaries | 102,437 | 83,489 | ||
| Buildings (maintenace, |
msurance | and | ||
| utilities) | 42,904 | 35,131 | ||
| Giving away (UK ad overseas missions) | 13,046 | 14,520 |
The payment of £86,020 to the Common Mission Fund was as requested by the Diocese, and represented a decrease of £15,980 from 2021.
Annual salary costs increased by £18,948, predominantly due to the full year impact of the Children and Families Team Leader appointed during 2021.
Annual expenditure on buildings increased by £7,773 overall. This expenditure included £7,072 spent on lightning protection and £4,307 for boiler repairs for the main church building. There was also a 66% increase in the cost of utilities of £5,014 to £12,581 (2021 -£7,567), reflecting the general increase in the cost of energy during the year. Expenditure on the planned redevelopment of the church buildings was £2,706, a decrease of £6,175 compared to the previous year (2021 -£8,881).
Page 8 THE PAROCHtAL CH[cH COUNCIL OFTHE ECCLESIAsfJcAL PARISH OF ST JAM SHIRLEY, SoirniAON TRUSTEES, ANNUAL REPORT (CO[NUED} FOR THE TrTAR ENDED 31 DECEMBER 2022 FINANCIAL REVIEW (CONTINUED) Summary and Outlook The deficit differenc¢ of £8,088 between unrestrlcted income and expenditure in 2022 is encoura8ing in the light of the operating budget set for the year, which predicted a deficit of £28.470. This was due to income that was £6.045 higher than anticipated (actual of £276,195 versus budget of £270,150) and expenditure that was £14,337 lower than expected (tUal of £284,283 versus budget of £298,620). The lower expenditure w&8 primarily due to an undcrspend of around £14,000 on budgeted works relating to repointing and clock repairs for St James; these items have been Carried forward to the budget for 2023. This outcome reflects the resilience and generosity of our donors, to whom we are very grateful. As we look to the future we are mindful of the increased Cost of living that impacts both the day to day running costs of the church and the lives of our staff and donors. Ow h¢althy cash reserves loW us to be bold in our plans for our ministry and buildings, whilst continuing to be good stewards of what has been entnlsted to us. In the light of this the PCC has agreed a deficit budget of £34,000 for 2023. The PCC has also begun looking at inv¢sting some of our reserves to obtsin a higher interest rate. R¢8ervei Poliry gnd Going Concern Unrestrict¢d funds are held at a level to enable the PCC to meet the costs of its ongoing activities. Budgets are set in the light of this and actual financial performance and reserve levels are monitored by the PCC throughout th¢ year. The memb¢rs of the PCC are of the view that the PCC is a going ¢onc¢rn. STRucfuRt GOVERNANCE AND mANAGEmEry Governing Doeument The Parochial Church Council of the Ecclesiastical Parish of St jne$, Shirley, Southampton 18 a EK)dy established by the Church of England. Th¢ PCC operate$ under the PCC Powers Measure. The PCC is a chlty re51¢[ed with the Charity Commission on 30 July 2009. number 1130875. RecThltm¢Dt and Appolntment of PCC Members, InduetloD and Training The method of apw)intsnent of PCC members is that PCC members must be on the Electoral Roll. They are elected at the Annual Parochiol Church Meeting for a three-year tem) of office. New members are given induction into th¢ spoTL81bi1ItieS and methods of procedure of the PCC. All church attendees are encournged to register on the Electoral Roll and can stand for cl¢¢tion to the PCC. Risk M¥4Dagement Th¢ major risks to whith the PCC is exporf as identified by the members have been reviewed and systems or procedures have been estsblished to manag¢ th0 risks.
Page 9 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLFSIASTICAL PARISH OF ST JAMES SlItRLEY, soufHAMwroN TRUSTEES, ANNUAL REPORT (COTh¥UED) FOR THE YEARENDED 31 DECEMBER2022 RESPONSIBILITILS OF THE TRUSTEKS The trustees are responsible for preparing the Trustees. Annual Report and th¢ Financial Stat¢m¢nts in accordance with appli¢able law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare Financial Statements for ¢ach fmancial year, which give a trne and fair view of the stale of affairs of the charity ond of the incoming resources and application of resour¢¢s of th¢ charity for that perAOd. In preparing those Financial Statements the truste¢s are required to: select suitabl¢ accounting policies and apply them consistently; observe the methods and principles in the Charities SORP (FRS 102): make judgements and estimates that are reasonable and prudenL' state whether applicable accounting standards have b¢en followed. subject to any departwes disclosed and explained in the Financial Statements; and prepare the Financial Statements on the going ¢on¢¢m basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for maintaining proper accounting records, which dis¢lose with reasonable accuracy at any time. the financial position of the charity and to enable them to ensure that the Financial Statemcnts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008, the provisions of the trust deed and the Church Accounting Regulations 2006. They are also responsible for safeguarding the assets of the charity and, hence, for tsking reasonable steps for the prevention and dettion of fraud and oth¢r irregularities. INDEPENDEr EXAMll¥ER A resolution to [wlt Abrahom & Dobell &8 IndeFtndent Examiw for the ensuing year will be proposed at the AJ)nual Church Meeting. Approv by th¢ trusttts on 23 April 2023 and slgDed on thelr behalf by: M GRAY TREASURER
Page 10 INDEPENDEKf EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PARISH OF STJAME& SHIRLEY. SOUTHAoN FOR THE YEAR ENDED 31 DECEMBER 2022 I report to the clwity tneeS on my examination of the accounts of the Parochial Church Council of the EcclesiasticaI Parish of St James, Shirley, Southampton, (the Trust) for the year ended 31 December 2022. RESPONSIBILITIES AND BASIS OF REPORT As the charity trust3 of the Trust you are r¢sponsible for the preparation of the accounts in accordance with the requirements of the Cbarities Act 2011 ('the Act,). I rewrt in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in canying out my examination I have followed all the applicable Directions given by the Clwity Conllnission und¢r section 145(5)(b) of the ACL INDEPENDENT EXAMINER'S STATEMENT Since the clwity's gross income exceeded £250,000 your examin must b¢ a m¢mber of the body listed in section 145 of the 2011 ACL I confim) that l am qualified to undertake the examination because I a member of th¢ Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirn] that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Trust as required by section 130 of the ACL or the accounts do not accord with those records. or the accounts do not comply with the applicable requirements concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirements that the accounts giv¢ a 'true and fair view which is not a matter considered as part of an independent examination. or tbe accounts have not been prepared in accordance with the methods and principles of the stst¢m¢nt of Recomm¢nded Practice for accounting and reporting by charities applicable to chaTities preparing their accounts in accordance with the Financial RertIng Standard applicable in the UK and Republic of treland (FRS 102).
Page 11 INDEPENDENf EXAMINER'S REPORT (CONTINUED) TO THE TRUSTEES OF THE PAROCHtAL CIIURCH COUNCIL OF THE ECCLEslcAL PARISH OF FOR THE YEAR ENDED 31 DECEMBER 2022 I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to bc reached. DAVID J MANf FCA INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND & WALES 230 Shirley Road Southampton S015 3HR 23 April 2023
Page 12 THKPAROCHtAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PARISH OF STJAMFS SlttRLEY, soirrHAMPTON FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestrieted Restricted Funds Funds Totsl Funds 2022 2021 Notss COME Donations and legacies ChaTitable activiti&9 Other income 260,675 260,675 261.315 13,468 13,468 10.910 2,052 433,037 435,089 15 TOTAL INCOME 276.J95 433.037 709232 272240 EXPENDITURE Charitable activities 284,283 284.283 267203 TOTAL EXPEIYDTTURE 284283 284,283 267203 NET INCOME FOR THE YEAR (8,088) 433,037 424,949 5,037 NET MOVEME IN FUNDS FOR THE YEAR (8,088) 433.037 424,949 5,037 RECONCILIATION OF FUNDS Total Funds Brought Forward 269,751 269.751 264,714 Totsl Funds Carried Forward £261,663 £433,037 £694.700 £269,751 The Statement of Financial Activities includes all gains and Iosxs reco]sed in the year. All income and expenditure derives from cothinuing activities. The notss on pages 14 to 24 forni part of these Fitianelal Statements
Page 13 AS AT31 DECEMBER2022 2022 2021 Not¢¥ FIXED ASSETS Tangible fixed assets 104.084 104J77 TOTAL FIXED A&SETS 104.084 104.377 CURRE A&SETS Debtors 457256 151.144 10570 16&775 10 608.400 179.345 Creditors: Amounts falling due within on¢ year 11 17,784 13,971 590.616 165,374 LIABILrriESThET ASSETS 13 £694.7fJ) £269,751 14 Unrestricfyj income funds Restricted fimds 261.663 433.037 269,751 £694,7C £269,751 Approved by the trnstees OD 11 Ap 2023 and signed on their belmlf by: M GRAY The notu on page$ 14 to 24 fonD P*rt of these StstemeDts
Page 14 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JAMES, SHIRLEY, SOtrniAMFTON IYOTES TO THE FINANCIAL STATEMENTS FOR THE YEARENDED 31 DECEMBER 2022 ACCOUNTING POLICIES The prAncipal accounling policies adoptr¢ judgements and key sources of ¢slimation unc¢rtsinty in the preparation of the Financial Statements are as follows: (a) Basts of Preparation The PCC is a public benefit entity within the meaning of FRS 102. The Financial Statements have been prepared in accordance with Accounting and Reporting by Charities: Statetnent of Recommended Practice applicable to Charities preparing their Financial Statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - {Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102) and the Church Accounting Regulations 2006. The Financial Statements have been prepared under the historical cost convention except for the valuation of investment assets which are shown at market value wh¢r¢ appli¢ablc. Th¢ Financial Statements include all transactxons. assets and liabilities for which the PCC is responsible in law. They do not include the Financial Ststements of Church groups that owe their main affiliation to anoth¢r body, nor those that are infonn81 gatherings of Church member& The Financial Statements are prepared in sterlin& which is the fictional currency of the PCC. Mon¢tary amounts arc rounded to the n¢st £. (b) Ineome Reeognfitlon Pollcies This section describes how the PCC wll lUnt for money and other assets received by them. The main headings the accounting groups to comply with the requirements of the SOFA. (i) Donations and L¢ Grants and donatio8 are recwised when any pcOndItiOnS preventing their use have been meL Arnounts promised under Gift Aid are reco)18ed only when honoured by the donor. tncome recoverdble on Gift Aid donations is re¢ognis&l when the donation is recognised Funds raised by Parish events are accounted for gro&
Page 15 THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PARISH OF NOTES TOTHE FINAIYCIAL STATEMENTS (coiYrINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 ACCOUNTllYG POLICIES (c0NuED) (b) Income Reeognltlon Polkles (Conthiued) (i) Donatio (Continual) Donated services and facilities are in¢luded at the value to the PCC wIe this can be quantified. Th¢ value of services provided by voluntsers h&$ not been included in these Financial Statements. Legacies to th¢ PCC are accounted for as soon as th¢ PCC is notified of its legal entitlemenL the amount due is quantifiable and its ultimate receipt by the PCC is nably ¢¢rtain, (li) come from Charitsble Acti PShla1 fe¢s due to the PCC for wedding& funernjs and otheractivities are a¢counted for on an event by event basis. Income from sales of books, magazines, Traidcraft goods and all other items are accounted for 8ross. Rentsl income from the letting of Church premises is a¢eounted for when earned. (iii) Investment Income Interest is accounted for when du¢. Tax recoverable on such income is accrued on the sam¢ basis. ther lD¢O Other ordinary income will be accounted for as soon &8 the PCC is advised of its entitlement and the likely sum due. (c) ExpeDditure Expenditure is recognised on an acCnlS basis where there is a legal or constructive obligation and settlement is probable and quantifiable. Expenditure includes VAT as the PCC is not VAT registered and is reported as part of the expenditure to which it relates. (i) 'tsbl A¢tivi es Grgnts and donations are accounted for when paid or when promised under a fonnal agreement. Unpaid grants and donations vlill be shown as a Crcditor in the Balance
Page 16 THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIAsficAL PARISH OF NOTLS TO THE FINANCIAL sfATEMENrs (CONtINUED) FOR THE YEAR EI¥DED 31 DECEMBER2022 ACCOUNTING POLICILS (CONTINUED) (c) Expenditure (Continuul) (i) Charitable Activities (Continu) The Diocesan Common Mi&8ion Fund is account&l for en payabl¢ and any share unpaid at 31 Decem1 is shown &8 a litOr in the Balance SheeL Rent due on faciliti is aLrounted for when the facility is usal and any rent unpaid at 31 December is shown &s a crnlitor in the Bgjance She All othercosts are accowited for when due and any UDpaid at 31 Decemberare shown as a creditor in the Balance SheeL rt Costs Supp)rt costs include ¢ts81 fillKtions a1 been al1(tl kn activity cost (lll) These include those eo&s with rneeti the statutory requirements of the pcc. (d) ed A&8ets (i) CoL8ecTth IAnd a1 Buil ' and Movable (Thurch Furni coated and EKneficaa PfOF¢rty is excluded from the ststutory definition of 'dwity' by s¢¢tiODS IIX2Xa) a]Ml (c) of the ChaTities Aet 2011. No Val is placed on movable churth fiunishiw held by the church wardens on ial tnLSt for the PCC and which require a facthty for disposal since the PCC colderS this to i an inalienable proFfrty. All expenditure incurred during th¢ yegr on cOrated or beneficed buildAngs and moveable church furnishing4 thether (li) Other LAnd and Buil ' Other land and buildings held on behalf of the PCC for its prSeS is valued at cost or market value. No depreciation is charged against such properties but any (iii) OtherFixtillr5 Fi ' aThl Office ent Equipment pUhsed or donated to the church is depreciated on a straight line basis over four year& Individual it¢llL8 of ¢quipm¢nt with apurchase prirx of£l,000 or less
Page 17 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JAME& SHIRLEY, soufHAMvfoN NOTES TO THE FINANCIAL sfATEMENtS (CONfiNIJED) FOR THE YEARENDED 31 DECEMBER2022 ACCOUING POLICIES (coNfiNUED) (e) Debtors Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown &8 debtors less any provision for amounts that may prove uncouectable. (fj Casb at Bank Short temi deposits include c&8h held on deposit * th¢ bank. (g) Creditors And PrOVlOn$ Creditors and provisions are rewgnised wh¢r¢ the PCC has a present obligation resulting from a p&st event that will probably result in the transfer of funds to a third paty and the amount du¢ to s¢ttle the obligation Can be mwured or estimated r¢liably. (h) Taxation The PCC is exempt from tsxation on its charitsble &tiviti (i) Fund Aeeounting Unrestricted Funds represent the funds of the PCC that are not subject lo any restrictions regarding their use and are available for application on the general purposes of the PCC. Restiicted Funds ate those funds that must be spent on restricted purposes. AU oth¢rmoney and assets are part of the Unrestricted Fund& Th¢ puryw of any Restiicted Funds is noted in the Financial Statemen O) Finaneial InJtrumeDts Th¢ PCC only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basi¢ financial instrum¢nts ar¢ initially recogDised at transaction value and subsequently measured at their settlement value. (k) Significant Judgements and Estimates Preparation of the Financial Statem¢nts may require the trustees to make significant judgements and estimates. There are no items in the Financial Statements where judgements and estimates would have a significant effect on amounts recognised in the Financial Statements.
Page 18 (CONfINUED) 31 DECEMBER 2022 DONATIONS AND LEGACILS Unrestricted Total Funds 2022 2021 Planned giving Collectlons. nornal service Envelop Donations Other giving Legacies T&x recoveted: Gift Aid 2(K),787 200,787 208.645 3217 3217 3.396 1.880 1.880 3.080 3.4&) 581 2275 1.105 2.275 49.056 49,056 44,508 £260.675 £260,675 £261.315 In 2021 the inece fitsm thnati0$ and legacies of £261 J15 was unrestrict¢iL There were no donated SeThI and 1]itieS CeIVable l¢b could be qUalfi in the year {2021- none). unstrIctrAI Totsl Funds FuDds 2022 2021 2.900 9210 835 523 R¢nt. Parish Hall 9210 835 523 4,386 1.365 95 Sales £13.468 £13.468 £10,910 In 2021 the income from charilable activities of £10.910 was unrcstricte4L
Page 19 THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIAsfIcALPARISH OF sr JAMES, SHIRLEY, sOHAmPTON NOTLS TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 OTHERINCOME Unrestricted Restricted Total Funds Funds Funds 2022 2021 70 1.982 70 1,982 433,037 433,037 15 Other Sate of St John's Church Building (Nok 16) £1052 £433,037 £435,089 £15 ANALYSIS OF EXPENDrruRE ON CHARITABLE AcrIvrriES Chureh Total FuDds Aetrvllfies 2022 2021 Donations. UK and overseas Missions School hir¢ 13,047 701 6,510 13.047 14,520 701 124 6,510 4,364 4.944 5,372 25J80 22,192 1,905 3,573 86,020 102,000 73307 55,342 Maint¢nance Music and worship Diocesan Common Mission Fund Non.administrative staff salary 25J80 1,905 86,020 73,307 F111 stafflw0ers and visitord expenses 3,739 1,383 12,581 14,212 1,607 1,975 292 35.830 850 3,739 lJ83 12581 14212 1,607 1,975 292 35,830 850 2,184 2,496 7,567 9.238 1,414 2,423 292 33252 850 Utilities Youth and other events Printing and copying Fee expenses Deprxiation SupFK)rt costs £284283 £284283 £267203 In 2022 the expenditure on charitable activities of £284283 was UDffstrict&l (2021- £267203 was unrestricted).
Page 20 THE PAROCHtAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF sTJAm SHIRLEY, SOIITHAMPTON NOTESTO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER2022 ANALYSIS OF SUPPORT AND GOVERNANCE COSTS The PCC identifies the costs of its support fimction. It then identifies those costs which relate to the governance function. The PCC allocates the support and governance costs entirely to the unrestrict¢d ¢xpenditure (not¢ 5). General Support GovernaDce Total Basis of Funds ApportiODmeDt Athninistrator's costs Office costs Professional costs 31,543 4287 31,543 4,287 850 Usage Usage Governance 850 £35,830 £850 £36,680 ANALYSIS OF STAFFCOSTS AND TRUSTEES? REMUNERATION AND EXPENSES 2022 2021 Salaries and wages Pension costs 95,039 7,398 77.578 5,911 £102,437 £83,489 Th¢ average numkr of employees during the year was 4 (2021- 3). No employee received emoluments in excess of £60,000 (2021- none). No payments or expenses were paid to any truw persons Closely connected to th¢m or related parties, apart fn)m: 2022 2021 Reverend D Clark Reverend L Phillips Reverend G Condell 983 274 478 £1,557
Page 21 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsfIcAL PARISH OF STJAME& SHIRLEY, SOtrrHAMPTON NOTESTOTHE FINANCIAL STATEMENTS (CONfINUED) FOR THE YEAR EI¥DED 31 DECEMBER 21)22 TANGIBLE FIXED ASSETS 133 Church Par&8h Street Hall Equipment Total Cost At l January 2022 Additions Dlsposals 48,500 55,000 8,197 111,697 At 31 December 2022 48,500 55,(K)O 8,197 111,697 Depreclatlon At l January 2022 Charge for the year Elirni on disposal 7J20 293 7,320 293 At 31 December 2022 7,613 7,613 Net Book Values At 31 December 2022 £48,500 £55.000 £584 £104,084 At 3 l D¢¢¢mber 2021 £48,500 £55,000 £877 £104,377 The Parish Hall was valued at £55,OIX> during the year to 31 DecemEer1997. This value h&8 been inc1led in these Financial Statements for the year ended 31 December 2022. DEFTORS 2022 2021 Other debtots Prepayments Money held by Diocese 24,129 10,482 88 433,037 £457,256 £10,570
Page 22 {cowrJEDj FOR THE YEAR EfADED 31 DECEMBER2022 10. CASH AT BANK AND IN HAIYD 2021 Bonk cumt account Bank savings account Cash in hand 70,818 80.055 271 88,708 80.015 52 £151,144 £168,775 I I. cREDORS. Amounts falling due withln one year 2022 2021 Other cr&litors and accruals PAIE and NIC 15,945 1.839 12.008 1.963 £17,784 £13.971 12. FINANCIAL INSTRUMENrs Financial instruments measuted at amortis¢d st comprise th¢ following: 2022 2021 Financial liabilities that ar¢ debt instruments 15.945 12,008
Page 23 THE PAROCHIAL CHURCH COUNCIL OFTHE ECCLESIASTICAL PAIUSH OF NOTES TO THE FINANCIAL STATEMENTS {CONTlED) FOR THE YEAR EI¥DED 31 DECEMBER 2022 13. ANALYSIS OF NET ASSETS BffWEEN FUNDS 2022 Unrestri¢ted Rutricted Total Funds Funds Funds 2021 Total Funds Fixed & Current &S5ets cUent liabilities 104,084 104.084 104,377 175.363 433.037 608,400 179,345 (17,784) (17,784) (13,971) £261,663 £433,037 £694,700 £269,751 14. ANALYSIS OF CHARITABLE FUNDS At Incoming Outgoing At 01.0121 Resources Resourees 31.1222 Anatysis of Movements ' Unrestrleted Funds General Fund 269.751 276.195 284,283 261,663 Total Unr¢stri¢ted Funds 269,751 276,195 284283 261.663 Restrieted Fullds PaTish fimd 433,037 433,037 Total Restricted Funds 433,037 433.037 Total FuDds £269,751 £709,232 £284283 £694.700 Unrestrietsd Funds MpriSe those g¢neral funds which the PCC is free lo use in accordance with the ¢harifable objects. Restricted Fundj are fimds which have been given for particular purposes and projects. Parbh Fund - The PCC h&8 one restricted fimd arising from the sale of St John's Church Buildings. The fund is restricted to use locally within the parish of St Jame4 Shirley, Southampto
Page24
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JAMES, SIIlRLEY, SOU ON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
15. DONATIONS OVER £500
The following people/groups were allocated with donations in the year:
Enable Busoga £2,044 CMS £4,000 SCRATCH £4,002 A Rocha £1,500 Diocese of Hyderabad £1,002
Money for these agencies outside the parish was collected from the congregation and wholly paid directly to them during 2022.
16. POST BALANCE SH T ITEMS
In the year to 31 December 2022, the PCC sold the St John's Church building for a total of £548,148. Of this, 79% was receivable by the PCC, which was £433,037 and this is included as income in the accounts.
The remaining 21 % (£115,111) of the proceeds was subject to a reverter clause back to the donor when the money was gifted to the PCC origina y to buy the property. This portion is subject to clarification and has not been recognised as income in the accounts. The money is currently held by the Diocese of Winchester.
There were no other post Balance Sheet items to note (2021 - £nil).