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2020-12-31-accounts

Vicar The Reverend Canon Charles Stewart Canon Charles Stewart
Associate Priest The Reverend Richard Partridge
Assistant Curate The Reverend Jonathan Evans Retired 17.01.2021
Children and Families Mrs Heidi Hagensen Retired 14.02.2021
Worker
Licensed Lay Minister Mr David Hewitt Retired 04.10.2020

each AP CM: CM: CM: CM:
Ministry and Discipleship Committee
Chairman The Reverend Richard Partridge
Outreach Committee
Chairman The Reverend Jonathan Evans (Until January 2021)
Mrs Victoria Semple-Khan (From February 2021)
Property Committee - incorporating
the		 Trusts ofthe 1925Repairs Committee delegated to
the PCC by Resolution
Chairman Mr Roger Mason
Finance Committee
Chairman Mrs Julie Mills
Pilgrimage and Visitors Committee
Chairman Mrs Patricia Richards
Children and Youth Committee
Chairman Mrs Julie Mills
Communication Committee
Chairman Mrs Anusha Hesketh (Until January 2021)
The Reverend Canon Charles Stewart (From January 2021)

Christchurch Priory Ltd Summary ofTrading Priory Ltd Summary ofTrading and Net Assets —2020
Shop Cafe Total 2019
Trading income 18,958 27,418 46,376 123,372
Covid 19Grants 8,313 13,180 21,493 0
27,271 40,598 67,869 123,372
Expenditure:
Purchases 9,581 9,358 18,939 49,290
General Expenses 16,717 34,514 51,231 56,442
26,298 43,872 70,170 105,732
Net (loss) / profit 973 (3,274) (2,301) 17,640
Accumulated
reserves brought		 forward 21 21
Net (loss) / profit for the year (2,301) 0
Share capital 5 5
Net (liabilities) / assets at 31 December 2020 (2,275) 26

Unrestricted Restricted Endowment TOTAL FUNDS TOTAL FUNDS
Note Funds Funds Funds 2020 2019
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 2(a) 254,078 42,390 106 296,574 300,856
Other trading activities 2(b) 90,194 95,075 0 185,269 368,757
Investments 2(c) 7,897 11,542 7,712 27,151 33,451
Charitable
activities		 2(II) 34,250 0 0 34,250 47,474
Other 2(e) 37,720 193,980 0 231,700 2,520
TOTAL INCOME AND ENDOWMENTS 424,139 342,987 7,818 774,944 753,058
EXPENDITURE ON
Charitable
activities		 3(a) 523,752 680,036 7,712 1,211,500 705,947
Raising funds 3(b) 83,478 14,662 0 98,140 178,905
Other 3(c) 22,160 4,234 0 26,394 30,213
TOTAL EXPENDITURE 629,390 698,932 7,712 1,336,034 915,065
Realised (losses)
/ gains		 5(a) (2,503) 63,848 0 61,345 96,640
Unrealised
revaluation		 gains / (losses) 5(b) 38,295 (24,544) 54,791 68,542 254,030
NET GAINS 35,792 39,304 54,791 129,887 350,670
NET (EXPENDITURE) / INCOME (169,459) (316,641) 54,897 (431,203) 188,663
BALANCES AT I JANUARY 2020 2,736,527 1,519,249 3,003,502 7,259,278 7,070,615
BALANCES AT 31DECEMBER 2020 2,567,068 1,202,608 3,058,399 6,828,075 7,259,278

AS AT31DECEMBER 2020
Unrestricted Restricted Endowment TOTAL FUNDS
Note Funds Funds Funds 2020 2019
FIXEDASSETS
Tangible
Freehold
land and buildings		 4(a) 747,059 536,079 2,769,326 4,052,464 3,950,000
Fixtures and equipment 4(b) 2,726 104,123 0 106,849 127,013
Investments 4(c) 140,633 58,331 288,967 487,931 791,882
TOTAL FIXEDASSETS 890,418 698,533 3,058,293 4,647,244 4,868,895
VISITOR CENTRE DEVELOPMENT 1/15 186,880 0 0 186,880 200,996
CURRENT ASSETS
Stock 30,022 0 0 30,022 27,886
Debtors and prepayments 13,366 73,685 20 87,071 20,577
Bank and cash balances 1,647,471 516,620 86 2,164,177 2,237,111
1,690,859 590,305 106 2,281,270 2,285,574
LIABILITIES
Creditors
and accruals		 7 (201,089) (86,230) 0 (287,319) (96,187)
NET CURRENT ASSETS 1,489,770 504,075 106 ],993,951 2,189,387
NET ASSETS 2,567,068 1,202,608 3,058,399 6,828,075 7,259,278
REPRESENTED BY
Accumulated
funds		 13
Unrestricted 2,567,068 0 0 2,567,068 2,736,527
Restricted 0 1,202,608 0 1,202,608 1,519,249
Endowment 0 0 3,058,399 3,058,399 3,003,502
2,567,068 1,202,608 3,058,399 6,828,075 7,259,278

YEAR ENDED 31DECEMBER 20 20
2020 2019
Cash flows from operating
activities:
Net movement
in funds for the reporting		 period (431,203) 188,663
(as per the Statement ofFinancial
Activities)
Adjustments
for:
Depreciation 20,164 46,335
(Profit) on sale offixed assets (61,345) (96,640)
(Surplus) on revaluations (68,542) (254,030)
(Increase) in stocks (2,136) (3,934)
(Increase)
/ Decrease in debtors		 (66,494) 3,560
Decrease
/ (Increase) in creditors		 191,132 12,779 (95,815) (400,524)
Net cash provided
by operating
activities		 (418,424) (211,861)
Cash flows from investing
activities:
Dividends,
interest and rents from investments		 (1,392) (1,942)
Proceeds from the sale ofproperty 0 695,000
Visitor Centre expenditure
/ (income)		 14,116 (6,171)
Proceeds from the sale ofinvestments 436,951 64,495
Purchase ofinvestments (104,185) (86,089)
Net cash provided
by investing
activities		 345,490 665,293
(72,934) 453,432
Cash and equivalents
at the beginning		 of the reporting period 2,237,]11 1,783,679
Cash and equivalents
at the end ofthe		 reporting period 2, 164,]77 2,237,111

INCOME AND EN DO WMENTS FROM
Unrestricted Restricted Endowment TOTAL FUNDS
Funds Funds Funds 2020 2019
f.
(a) Donations
and legacies
Planned
giving:
Gift Aid donations 43,787 601 44,388 51,645
Parish Giving Scheme 47,937 0 47,937 49,496
Tax recoverable 22,852 171 23,023 25,317
Other planned
giving		 16,642 0 16,642 12,912
13],218 772 0 131,990 139,370
Collections (open plate) 11,408 0 0 11,408 39,847
Gilt Aid Small Donations Scheme (GASDS) 2,116 0 0 2,116 2,471
Mary Waterfield
Charity		 7,200 0 0 7,200 7,051
Donations Box 16,861 0 0 16,861 32,781
Visitors Box 0 98 0 98 932
General donations,
appeals		 etc 19,614 12,655 106 32,375 18,977
Parish Benevolent
Fund		 0 0 0 0 488
Covid 19Special Appeals 49,365 0 0 49,365 0
Belgium Trip 0 0 22,542
Legacies 16,296 25,860 42,156 26,292
Friends ofChristchurch Priory 0 2,475 2,475 1,500
Special Collections 0 530 530 8,605
254,078 42,390 106 296,574 300,856
(b) Other trading activities
Bookstall (St John' s) 156 156 1,] 12
Christchurch
Priory Ltd
Shop 18,958 0 18,958 52,110
Catering 27,418 0 27,418 71,262
Church Hall lettings 12,756 0 12,756 16,870
Magdalen
Lane rent		 0 0 0 (3,757)
Wickfield Avenue rent 8,353 0 8,353 15,338
StGeorge's House rent 9,000 0 9,000 9,000
Priory House lettings 1,844 0 1,844 7,978
Priory House Fund 0 77,276 77,276 83,004
Fund-raising
events		 10,131 0 10,131 29,130
Music Fund 0 17,749 17,749 83,108
StMichael's Loft Museum 0 0 0 309
Floodlights 930 0 930 855
Flowers 0 50 50 593
Parish Office external charges 648 0 648 1,845
90,194 95,075 0 185,269 368,757

YEA R ENDED 31DECEMBER 2020 R ENDED 31DECEMBER 2020 R ENDED 31DECEMBER 2020 R ENDED 31DECEMBER 2020
2 INCOME AND ENDOWMENTS FROM (continued)
Unrestricted Restricted Endowment TOTALFUNDS
Funds Funds Funds 2020 2019
(c) Investments
Bank interest 6,505 1,932 0 8,437 12,755
Dividend
Income:
Sanlam Private Wealth South Ltd 0 7,778 0 7,778 9,271
Garden ofRest 1,392 0 0 1,392 1,942
Lindop Fund (Priory - Music) 0 0 4,640 4,640 4,731
Tithe Chancel Fund (Priory - Insurance) 0 0 825 825 801
White-White
Fund (Priory		 - Fabric) 0 0 784 784 762
Music Fund (Priory - Music) 0 848 1,463 2,311 2,233
Parish Benevolent
Fund		 0 984 0 984 956
7,897 11,542 7,712 27,151 33,451
(d) Charitable
activities
Parochial fees retained 13,363 0 13,363 18,985
Parish News 586 0 586 3,640
Garden ofRest 16,290 0 16,290 14,436
Votive Candles 3,961 0 3,961 10,199
Outreach 50 0 50 214
34,250 0 34,250 47,474
(e) Other
Listed Places ofWorship Grant Scheme
-general 786 19,169 0 19,955 2,520
Covid 19government grants
-CJRS (employee furlough) 25,000 0 0 25,000 0
-RHLGF (local authority retail) 11,334 0 0 11,334 0
Culture Recovery Grant (Phase 5) 0 174,811 0 174,811 0
Sale ofPriory pews 600 0 0 600 0
37,720 193,980 0 231,700 2,520
TOTAL INCOME AND ENDOWMENTS 424,139 342,987 7,818 774,944 753,058

INCOME AND END O WMENTS FROM ( 2019)
Unrestricted Restricted Endouruent TOTAL FUNDS
Funds Funds Funds 2019
(a) Donations
and legacies
Planned
giving:
Gilt Aid donations 51,146 499 51,645
Parish Giving Scheme 49,496 0 49,496
Tax recoverable 24,691 626 25,317
Other planned
giving		 12,9]2 0 12,912
138,245 1,125 139,370
Collections (open plate) 39,847 0 0 39,847
Gilt Aid Small Donations Scheme (GASDS) 2,471 0 0 2,471
Mary Waterfield
Charity		 7,051 0 0 7,051
Donations Box 32,781 0 0 32,781
Visitors Box 0 932 0 932
General donations,
appeals		 etc 8,727 10,037 213 18,977
Parish Benevolent
Fund		 0 488 0 488
Belgium Trip 0 22,542 0 22,542
Legacies 21,000 5,292 0 26,292
Friends ofChristchurch Priory 0 1,500 0 1,500
Special Collections 0 8,605 0 8,605
250,122 50,521 213 300,856
(b) Other trading activities
Bookstall (St John' s) 1,112 1,112
Christchurch
Priory Ltd
Shop 52,110 0 52,110
Catering 71,262 0 71,262
Church Hall lettings 16,870 0 16,870
Magdalen
Lane rent		 (3,757) 0 (3,757)
Wickfield Avenue rent 15,338 0 15,338
St George's House rent 9,000 0 9,000
Priory House
lettings		 7,978 0 7,978
Priory House Fund 0 83,004 83,004
Fund-raising
events		 29,130 0 29,130
Music Fund 0 83,108 83,108
StMichael's Loft Museum 309 0 309
Floodlights 855 0 855
Flowers 0 593 593
Parish Office external charges 1,845 0 ],845
202,052 166,705 0 368,757

2
INCOME AND		 END OWMENTS FROM (2019)
Unrestricted Restricted Endowment TOTAL FUNDS
Funds Funds Funds 2019
(c) Investments
Bank interest 9,153 3,602 0 12,755
Dividend
Income:
Sanlam Private Wealth South Ltd 0 9,271 0 9,271
Garden ofRest 1,942 0 0 1,942
Lindop Fund (Priory - Music) 0 0 4,731 4,731
Tithe Chancel Fund (Priory - Insurance) 0 0 801 801
White-White
Fund		 (Priory - Fabric) 0 0 762 762
Music Fund (Priory - Music) 0 823 1,410 2,233
Parish Benevolent Fund 0 956 0 956
11,095 14,652 7 704 33 451
(d) Charitable
activities
Parochial fees retained 18,985 18,985
Parish News 3,640 3,640
Garden ofRest 14,436 14,436
Votive Candles 10,199 10,199
Outreach 214 214
47,474 0 47,474
(e) Other
Listed Places ofWorship Grant Scheme
-general 649 1,871 0 2,520
649 1,871 0 2,520
TOTAL INCOME AND ENDOWMENTS 511,392 233,749 7,917 753,058

EXPENDITURE ON
Unrestricted Restricted Endowment TOTALFUNDS
Funds Funds Funds 2020 2019
(a1 Charitable
activities
Discretionary
missionary		 and charitable giving:
Home missions
and Church societies		 0 11,504 11,504 4,671
Priory School 3,000 0 3,000 3,000
Secular charities 0 0 0 1,081
3,000 11,504 0 14,504 8,752
Special Collections 530 530 8,605
Ministry:
Common Mission Fund ]44,868 0 0 144,868 139,083
Clergy allowances 4,163 0 0 4,163 6,436
Other clergy costs 893 0 0 893 1,046
Church running
expenses		 58,298 0 825 59,123 52,945
Church maintenance 43,119 126 0 43,245 85,872
Covid 19costs 19,071 0 0 19,071 0
Priory restoration
and conservation		 27,351 598,866 784 627,001 48,780
Upkeep ofservices 3,097 50 0 3,147 7,389
Organists,
choir and music		 36,178 1,830 6,103 44, 111 73,806
Training costs - Education 951 850 0 1,801 3,795
Priory House Fund 0 28,531 0 28,531 25,203
Upkeep of:
Garden ofRest 9,008 0 9,008 11,128
Church Halls 8,465 0 8,465 9,913
Priory House 4,953 0 4,953 2,562
Magdalen
Lane		 0 0 0 940
StGeorge's House 358 0 358 330
Wickfteld Avenue 4,138 0 4, 138 1,110
Salaries 115,653 17,199 132,852 130,563
Depreciation 13,656 6,508 20,164 46,335
Professional
fees:
- sundry 14,759 9,049 23,808 27,387
- audit 9,630 0 9,630 9,449
- investment
portfolio management		 fees 0 2,166 2,166 2,761
Miscellaneous 2,143 2,827 4,970 1,757
523,752 680,036 7,712 1,211,500 705,947

EXPENDIT URE ON (continued)
Unrestricted Restricted Endowment TOTAL FUNDS
Funds Funds Funds 2020 2019
(b) Raising funds
Donations
and		 legacies 686 686 1,282
Christchurch Priory Ltd
Shop 26,298 0 26,298 44,476
Catering 43,872 0 43,872 61,256
Music Fund 0 14,662 14,662 61,295
Events 6,042 0 6,042 1,316
Miscellaneous projects 6,580 0 6,580 9,280
83,478 14,662 0 98,140 178,905
(c) Other
Support costs (see Note 10) 21,665 0 0 21,665 28,255
Miscellaneous 495 4,234 0 4,729 1,958
22,160 4,234 0 26,394 30,213

EXPENDITURE ON (2019)
Unrestricted Restricted Endn380nent TOTAL FUNDS
Funds Funds Funds 2019
(a) Charitable
activities
Discretionary
missionary		 and charitable giving:
Home missions
and Church societies		 513 4,158 0 4,671
Priory School 3,000 0 0 3,000
Secular charities 1,081 0 0 1,081
4,594 4,158 8,752
Special Collections 0 8,605 8,605
Ministry:
Common Mission Fund 139,083 0 0 139,083
Clergy allowances 6,436 0 0 6,436
Other clergy costs 1,046 0 0 1,046
Church running
expenses		 52,144 0 801 52,945
Church maintenance 79,395 6,477 0 85,872
Priory restoration
and conservation		 6,062 4],956 762 48,780
Upkeep ofservices 6,440 949 0 7,389
Organists,
choir and music		 130 67,535 6,141 73,806
Training costs - Education 3,795 0 0 3,795
Priory House Fund 0 25,203 0 25,203
Upkeep of:
Garden ofRest 11,128 0 11,128
Church Halls 9,913 0 9,913
Priory House 2,562 0 2,562
Magdalen
Lane		 940 0 940
StGeorge's House 330 0 330
Wickfteld Avenue 1,110 0 1,110
Salaries 118,098 12,465 130,563
Depreciation 13,656 32,679 46,335
Professional
fees:
- sundry 24,807 2,580 27,387
- audit 9,449 0 9,449
- investment
portfolio management		 fees 0 2,761 2,761
Miscellaneous 1,757 0 1,757
492,875 205,368 7,704 705 947

EXPENDIT URE ON (2019)
Unrestricted Restricted Endo3vmettt TOTAL FUNDS
Funds Funds Funds 2019
(b) Raising funds
Donations
and		 legacies 1,282 1,282
Christchurch
Priory Ltd
Shop 44,476 0 44,476
Catering 61,256 0 61,256
Music Fund 0 61,295 61,295
StMichael's Loft Museum 0 0 0
Miscellaneous projects 9,280 0 9,280
Events 1,316 0 1,316
117,610 61,295 0 178,905
(c) Other
Support costs (see Note 10) 28,255 0 28,255
Miscellaneous 1,803 155 1,958
30,058 155 0 30233

4 TANGIBLE FIXEDASSETS
(a) FREEHOLD LAND AND BUILDINGS: PCC FUND
(a)
FREEHOLD LAND AND		 BUILDINGS: P CC FUND
Unrestricted Restricted Endowment TOTAL FUNDS
Funds Funds Funds 2020 2019
CHURCH HALL
St George's Hall
I January 345,000 0 345,000 371,193
Unrealised
revaluation		 (loss) 0 0 0 (26,193)
31 December 345,000 0 345,000 345,000
Valuation
at 31 December 2020		 345,000 0 345,000 345,000
RESIDENTIAL PROPERTIES
15Wickfield Avenue
I January 0 500,000 0 500,000 504,916
Unrealised
revaluation		 gain / (loss) 0 36,079 0 36,079 (4,916)
31December 0 536,079 0 536,079 500,000
St George's House
I January 375,000 0 375,000 274,899
Unrealised
revaluation		 gain 27,059 0 27,059 100,101
31 December 402,059 0 402,059 375,000
11Magdalen
Lane
I January 0 600,288
Sold in prior year 0 (695,000)
Realised gain 0 94,712
31December 0 0 0 0 0
Valuation
at 31December 2020		 402,059 536,079 0 938,138 875,000
TOTAL AT VALUATION 747,059 536,079 0 1,283,138 1,220,000
TOTAL UNREALISED GAINS 27 059 36,079 0 63 nr 68,992

Unrestricted Restricted Endowment TOTALFU131DS TOTALFU131DS
Funds Funds Funds 2020 2019
PRIORV HOUSE FUND
Priory House
I January 0 1,300,000 1,300,000 1,300,000
31 December 0 1,300,000 1,300,000 1,300,000
Priory Cottage
1 January 0 545,000 545,000 545,000
Unrealised
revaluation		 gain 0 39,326 39,326 0
31 December 0 584,326 584,326 545,000
Old Stable Block
I January 0 150,000 150,000 150,000
31 December 0 150,000 150,000 150,000
Car Park
1 January 0 675,000 675,000 600,000
Unrealised
revaluation		 gain 0 0 0 75,000
31 December 0 675,000 675,000 675,000
Pleasure Gardens
I January 0 60,000 60,000 60,000
31 December 0 60,000 60,000 60,000
TOTAL AT VALUATION 0 2,769,326 2,769,326 2,730,000
TOTAL UNREALISED GAINS 0 0 39.326 39326 73.000

(b)
FIXT		 URES AND EQUIPMENT
Unrestricted Restricted Endoutnent TOTAL FUNDS
Funds Funds Funds 2020 2019
GENERAL
Gross book value
I January 153,032 277,096 0 430,128 430,128
31 December ]53,032 277,096 0 430,128 430,128
Depreciation
I January ]36,651 166,465 0 303,116 256,781
Charge for the year 13,656 6,508 0 20,164 46,335
31 December 150,307 172,973 0 323,280 303,116
Net book value
31December 2020 2,725 104,123 0 106,848 127,012
31 December 2019 16,381 110,631 0 127,012 173,347
CHRISTCHURCH
PRIORY LIMITED
Gross book value
I January
and 31 December		 10,084 0 10,084 10,084
Depreciation
I January
and 31 December		 10,083 0 10,083 10,083
Net book value
31December 2020
31December 2019
TOTAL NET BOOK VALUE
31December 2020 2,726 164,123 0 106,849 127,013

Unrestricted Restricted Endowment TOTAL FUNDS
4(c) INVESTMENTS Funds Funds Funds 2020 2019
Tithe Chancel Fund
(Note 9)
CBF Investment Fund Income Shares
1 January 0 27,546 27,546 23,205
Unreal ised gain 0 1,894 1,894 4,341
Valuation at 31 December 2020 0 29,440 29,440 27,546
White-White
Fund
(Note 9)
CBF Investment Fund Income Shares
1 January 0 26,202 26,202 22,073
Unrealised gain 0 1,801 1,801 4, 129
Valuation at 31December 2020 0 28,003 28,003 26,202
Garden of Rest
CBF Investment Fund Accumulation Shares
1 January 93,726 0 93,726 76,565
Investments during the year 34,806 0 34,806 0
Unrealised gain 11,236 0 11,236 17,161
CBF Property Fund Income Shares
1 January 36,782 0 36,782 35,850
Dividend
Reinvested		 1,392 0 1,392 1,942
Investments sold during the year (34,806) 0 (34,806) 0
Realised (loss) (2,503) 0 (2 503) 0
Unrealised (loss) 0 0 0 (1,010)
Valuation at 31 December 2020 140,633 0 0 140,633 130,508
Lindop Legacy
(Note		 9)
CBF Investment Fund Income Shares
1 January 0 109,803 109,803 92,501
Unrealised gain 0 7,551 7,551 17,302
CBF Property
Fund Shares
1 January 0 28,213 28,213 28,974
Unrealised (loss) 0 (1,402) (1,402) (761)
Valuation at 31December 2020 0 144,165 144,165 138,016
Parish Benevolent
Fund
(Note		 9)
CBF Investment Fund Income Shares
1 January 0 32,883 32,883 27,702
Unrealised gain 0 2,262 2,262 5,181
Valuation at 31 December 2020 0 35,145 35,145 32,883

YEAR ENDED 31DECEMBER 2020 YEAR ENDED 31DECEMBER 2020
Unrestricted Restricted Endowment TOTALFUNDS
4(c) INVESTMENTS
(continued)		 Funds Funds Funds 2020 2019
E
Music Invested
Fund
(Note 9)
CBFInvestment
Fund Income Shares
I January 0 28,326 48,855 77,181 64,721
Investments
during		 the year 0 0 0 0 353
Unrealised
gain		 0 1,948 3,359 5,307 12,107
Valuation
at 31 December 2020		 0 30,274 52,214 82,488 77,181
Christchurch
Priory Building		 Conservation Fund
Sanlam Private Wealth South Ltd
I January 0 359,546 0 359,546 284,789
Investments
during		 the year 0 69,379 0 69,379 85,736
Investments
sold during the year		 0 (402,145) 0 (402,145) (64,495)
Realised gain 0 63,848 0 63,848 1,928
Unrealised
(loss) /		 gain 0 (62,571) 0 (62,571) 51,588
Valuation
at 31 December 2020		 0 28,057 0 28,057 359,546
TOTAL AT VALUATION 140633 58 331 288 967 487 931 791882
TOTAL ONSSALISSD GAINS I II OSSSS) 11236 ~60 623 15465 ~33922 110038
TOTAL REALISED (LOSSES)/ GAINS ~2503 63 848 0 61345 I 928
5(a) SUMMARY OF REALISED GAINS / (LOSSES)
Unrestricted Restricted Endowment TOTAL FUNDS
Funds Funds Funds 2020 2019
Freehold Land and Buildings (PCC) - Note 4(a) 0 0 0 94,712
Investments
-Note 4(c)		 (2,503) 63,848 61,345 1,928
~2 503 63 848 0 61 345 96 640
5(b) SUMMARY OF UNRKALISKD GAINS / (LOSSES)
Unrestricted Restricted Endowment TOTAL FUNDS
Funds Funds Funds 2020 2019
Freehold Land and Buildings (PCC) - Note 4(a) 27,059 36,079 0 63,138 68,992
Freehold Land and Buildings (PHF) - Note 4(a) 0 0 39,326 39,326 75,000
Investments
-Note 4(c)		 ]1,236 (60,623) 15,465 (33,922) 110,038
38295 ~24544 54791 68.542 254030

6 DEBT ORS AND PREPAYMENTS TOTAL FUNDS
2020 2019
Sundry debtors 81,718 16,730
Prepayments
and accrued income		 5,353 3,847
87 071 20 377
7 LIABILITIES - AMOUNTS FALLING DUE WITHIN ONE YEAR TOTAL FUNDS
2020 2019
Sundry creditors (266,860) (74,031)
Accruals and deferred income (20,459) (22,156)
~2873193~96,187
8 STAFF COSTS TOTALFUNDS
2020 2019
Salaries 213,937 208,796
National Insurance Contributions 12,362 12,644
Pension contributions 6,237 6,047
232,536 227,487

2020 2019
The expense comprises:
Parish Office 20,066 26,772
Telephone 1,399 1,483
21 465 25 255

The Parish's
buildings
(including		 The Parish's
buildings
(including		 The Parish's
buildings
(including		 The Parish's
buildings
(including		 The Parish's
buildings
(including		 contents) were insured as follows: contents) were insured as follows: contents) were insured as follows: contents) were insured as follows: contents) were insured as follows: contents) were insured as follows: Sums Insured Sums Insured
2020 2019
PCC
Church Hall: StGeorge's Hall 2,800,000 2,704,000
Residential properties: 15Wickfield Avenue 344,218 246,976
StGeorge's House 387,745 280,653
11Magdalen
Lane		 (Sold in year) 404,141
Priory House Fund Priory House 5,015,160 4,600,000
Priory Cottage 706,961 527,628
Old Stable Block 304,014 294,017
12 TRUSTEES EXPENSES AND RELATED PARTY TRANSACTIONS
Members ofthe PCC who claimed expenses whilst fulfilling their duties during the year were as follows:
2020 2019
(a) Clergy (including the Vicar, Reverend RPartridge and Reverend JEvans)
During 2020 the Clergy received the fogowing:
Reimbursements ofactual expenditure
(hospitality,		 telephones) 4,255 7,048
(b) Mr IPenny (PCC member until 4October 2020)
Gross salary 24,056 31,216
Employer's
NIC		 1,470 2,420
Ye Olde Eight Bells: Reimbursement
and goods purchased		 54 197
(c) Mr GRolls (PCC member)
Gross salary 22,928 20,832
Employer's
NIC		 1,491 1,358
Pension 1,032 856
(d) Mrs H Hdgensen (PCC member)
Gross salary 29,489 28,534
Employer's
NIC		 2,024 1,180
Pension 1,327 2,143
Reimbursements ofactual expenditure
(telephone,		 general) 341 28
Transactions
with connected persons ofmembers ofthe PCC		 were as follows:
(e) Miss H Penny (Daughter ofMr IPenny)
Remuneration 20 78

YEAR ENDED 31DEC YEAR ENDED 31DEC EMBER 20 EMBER 20 20
13
ACCUMULATED		 FUNDS Unrestricted Restricted Endowment TOTAL FUNDS
Note Funds Funds Funds 2020 2019
6
Parish General Funds 20,912 0 20,912 22,605
Other Funds
Priory
Tithe Chancel 4(c)/9 0 0 29,440 29,440 27,546
Lindop Legacy 4(c)/9 0 0 144,165 144,165 138,016
White-White 4(c)/9 0 0 28,003 28,003 26,202
Music Fund 4(c)/9 0 30,090 52,320 82,410 74,978
Fabric 27,410 54,275 0 81,685 92,602
Conservation
Programme		 - Phase 5 12,908 0 0 12,908 26,709
Parish Benevolent
Fund		 0 117,075 35,145 152,220 159,957
Bell Restoration 0 13,105 0 13,105 13,050
Children
and Youth Ministry		 Work 14,021 0 0 14,021 18,587
Choir General 0 4,350 0 4,350 4,696
Choir General
- Belgium Trip		 0 3,395 0 3,395 3,395
Choir Training
and Education		 0 4,698 0 4,698 4,678
Building Consetvation Trust 0 236 0 236 291
Building Conservation Fund 0 95,074 0 95,074 473,959
Pipe Organ 0 2,546 0 2,546 175
Capital Development 1,366,837 0 0 1,366,837 1,409,663
Minor Capital 13,165 0 0 13,165 108,753
Garden ofRest: Invested 4(c) 140,633 0 0 140,633 130,508
Priory House Fund 0 235,202 0 235,202 201,622
St George's Building Fund 0 2 0 2 0
StGeorge's Fabric Fund 0 0 0 0 4,130
StGeorge's - Flowers 0 1,108 0 1,108 1,108
St John' s
Special Projects 0 1,250 1,250 1,250
Gue Legacy 6,813 0 6,813 6,784
1,581,787 562,406 289,073 2,433,266 2,928,659
Asset Funds
Freehold
land and buildings		 4(a) 747,059 536,079 2,769,326 4,052,464 3,950,000
Visitor Centre Development I/15 186,880 0 0 186,880 200,996
Fixtures and equipment 4(b) 2,726 104,123 0 106,849 127,013
Christchurch
Priory Ltd		 27,704 0 0 27,704 30,005
964,369 640,202 2,769,326 4,373,897 4,308,014
TOTAL ACCUMULATED FUNDS 2,567,068 1,202,608 3,058,399 6,828,075 7,259,278

Note TOTALFUNDS TOTALFUNDS
2020 2019
INCOME AND ENDOWMENTS FROM
Voluntary
income		 296,439 302,366
Activities for generating funds 138,893 263,025
Investment
income		 27,151 33,451
Church activiti es 34,250 47,474
Other income 210,207 2,520
TOTAL INCOME AND ENDOWMENTS 706,940 648,836
EXPENDITURE ON
Charitable
activities		 1,211,310 705,762
Raising funds 27,970 73,173
Other 26,394 30,213
TOTAL EXPENDITURE 1,265,674 809,148
Realised gain on sale of investments 61,345 1,928
Unrealised
gains on revaluations		 68,542 348,742
NET GAINS 129,887 350,670
NET (EXPENDITURE) 1INCOME (428,847) 190,358
BALANCES AT I JANUARY 2020 7,258,966 7,068,608
BALANCES AT 31DECEMBER 2020 6,830,119 7,258,966

BALANCE SHEET
Note TOTAL FUNDS
2020 2019
FIXEDASSETS
Tangible fixed assets
Freehold
land and buildings		 4(a) 4,052,464 3,950,000
Fixtures and equipment 4(b) 106,848 127,012
Investment
in Christchurch		 Priory Ltd
5 Xl ordinary
shares		 5 5
Loan 30,000 30,000
Other investments 4(c) 487,931 791,882
TOTAL FIXEDASSETS 4,677,248 4,898,899
VISITOR CENTRE DEVELOPMENT 186,880 200,996
CURRENT ASSETS
Stock 6,540 4,275
Debtors and prepayments 86,286 19,634
Bank and cash balances 2,156,319 2,229,633
2,249,145 2,253,542
LIABILITIES
Amounts
falling due within one year		 283,154 94,471
NET CURRENT ASSETS 1,965,991 2,159,071
NET ASSETS 6,830,119 7,258,966
REPRESENTED BY
Accumulated
funds
Unrestricted 2,569,348 2,736,506
Restricted 1,202,372 1,518,958
Endowment 3,058,399 3,003,502
6836119 7268966

Historical costs ofrevalued
 tangible
fixed assets
Book value Valuation Total
30.11.2014 31.12.1997
Church Hall: St George's Hall 132,968 132,968
Residential properties: 15Wickfield Avenue 100,000 100,000
St George's House 104,000 104,000
Priory House Fund Priory House 1,264,866 1,264,866
Priory Cottage 375,000 375,000
Old Stable Block 125,000 125,000
1,764,866 336968 2.1 ~1,834

TOTALFUNDS TOTALFUNDS
2020 2019
Church Overseas:
Compassion 0 11
Relief and Development Agencies:
Mozambique 576
FAM International 289
Christian
Aid		 268
Mission Aviation Fellowship 161
Home Missions
and Other		 Church Societies and Organisations:
The Children's
Society		 0 1,988
Christchurch
Food Bank		 316 592
Ordination
Candidates		 Fund 0 311
Priory School Bibles 103 301
Mothers' Union Away from it All 0 272
Secular Charities:
Dorset Air Ambulance 0 838
Julias House 0 717
Crisis at Christmas 111 545
Coast Watch 0 430
Dorset Shrieval Trust 0 407
Bournemouth
Hospital		 Charity 0 213
Williams
Syndrome		 0 200
Hospital ofStMary Magdalen 0 167
Clingans
Trust		 0 167
Water Lily Project 0 151
530 8 605