| Index | Page |
|---|---|
| AnnuaIReportfor2021 | 1 - 10 |
| Trustees responsibilities of the PCC | 11 |
| Responsibilities of the independent examiners and | |
| The independent examiners report to the PCC | 12 |
| Statement of Financial Activities (SOFA) | 13 - 14 |
| Balance Sheet | 15 |
| Statement of cash flows | 16 |
| Notes to the financial statements | 17 - 36 |
| Unrestricted Unrestricted Restricted Endowment funds funds funds funds general designated 2021 2021 2021 2021 Notes £ £ £ £ Income from: Donations and legacies 3 264,564 11,255 13,606 Charitable Activities Church Activities 4 10,722 724 3,971 Nursery 4 405,910 Other trading activities 5 170 Investments 6 10,346 1,272 607 894 Total income and endowments 285,802 419,161 18,184 894 Exg:enditure on: Charitable activities 7 338,235 407,247 15,677 Net gains/(losses) on investments 12 3,978 4,535 1,702 2,396 Net (outgoing)/incoming resources before transfers (48,455) 16,449 4,209 3,290 |
Total Unrestricted Unrestricted Restricted Endowment Total funds funds funds funds general designated 2021 2020 2020 2020 2020 2020 £ £ £ £ £ £ 289,425 293,370 9,569 25,551 328,490 15,417 7,943 3,298 11,241 405,910 401,537 401,537 170 925 925 13,119 1,661 1,258 1,526 940 5,385 724,041 302,974 412,364 31,300 940 747,578 761,159 353,648 366,491 194,159 914,298 12,611 1,200 3,873 385 1,736 7,194 (24,507) (49,474) 49,746 (162,474) 2,676 (159,526) |
|---|---|
| Unrestricted Unrestricted Restricted Endowment funds funds funds funds general designated 2021 2021 2021 2021 Notes £ £ £ £ Net (outgoing)/incoming resources before transfers (48,455) 16,449 4,209 3,290 Gross transfers between funds 16,168 (23,687) 8,413 (894) Net movement in funds (32,287) (7,238) 12,622 2,396 Fund balances at 1 January 2021 32,287 653,366 345,149 31,811 Fund balances at 31 December 2021 646,128 357,771 34,207 |
Total Unrestricted Unrestricted Restricted Endowment Total funds funds funds funds general designated 2021 2020 2020 2020 2020 2020 £ £ £ £ £ £ (24,507) (49,474) 49,746 (162,474) 2,676 (159,526) 15,053 (16,879) 2,766 (940) (24,507) (34,421) 32,867 (159,708) 1,736 (159,526) 1,062,613 66,708 620,499 504,857 30,075 1,222,139 1,038,106 32,287 653,366 345,149 31,811 1,062,613 |
|---|---|
| Notes Fixed assets Tangible assets 13 Investments 14 Current assets Stocks 15 Debtors 16 Cash at bank and in hand Creditors: amounts falling due within one year Taxation and social security Other creditors 17 Deferred income 18 Net current assets Total assets less current liabilities Capital funds Endowment funds 19 Income funds Restricted funds 20 Unrestricted funds - designated Unrestricted funds - general |
2021 £ £ 759,340 96,493 855,833 271 5,709 188,417 194,397 3,845 7,809 470 12,124 182,273 1,038,106 34,207 357,771 646,128 1,038,106 |
2021 £ £ 759,340 96,493 855,833 271 5,709 188,417 194,397 3,845 7,809 470 12,124 182,273 1,038,106 34,207 357,771 646,128 1,038,106 |
£ 415 22,246 147,746 170,407 4,180 7,328 22 11,530 2020 £ 768,630 135,106 903,736 158,877 1,062,613 31,811 345,149 653,366 32,287 1,062,613 |
£ 415 22,246 147,746 170,407 4,180 7,328 22 11,530 2020 £ 768,630 135,106 903,736 158,877 1,062,613 31,811 345,149 653,366 32,287 1,062,613 |
£ 415 22,246 147,746 170,407 4,180 7,328 22 11,530 2020 £ 768,630 135,106 903,736 158,877 1,062,613 31,811 345,149 653,366 32,287 1,062,613 |
|---|---|---|---|---|---|
| 903,736 158,877 1,062,613 31,811 345,149 653,366 32,287 1,062,613 |
|||||
| Notes Cash flows from operating activities Cash absorbed by operations 24 Investing activities Proceeds on disposal of investments Investment income received Net cash generated from investing activities Net cash used in financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
£ 2021 51,224 13,119 |
£ (23,672) 64,343 40,671 147,746 188,417 |
£ 87,526 5,385 2020 £ (175,841) 92,911 (82,930) 230,676 147,746 |
|---|---|---|---|
| Freehold land and buildings | Nil |
|---|---|
| Fixtures and fittings | 25% straight line or reducing balance |
| Donations and gifts Legacies receivable Grants receivable Grants receivable for core activities Listed Places of Worship Grant Scheme CJRS grant Portsmouth Diocesan Board of Finance All Churches Trust Hampshire and Isle of Wight Community Fund |
Unrestricted Unrestricted Restricted TotalUnrestricted Unrestricted Restricted Total funds funds funds funds funds funds general designated general designated 2021 2021 2021 2021 2020 2020 2020 2020 £ £ £ £ £ £ £ £ 259,484 4,400 1,991 265,875 255,319 19,551 274,870 15,250 15,250 5,080 6,855 11,615 23,550 22,801 9,569 6,000 38,370 264,564 11,255 13,606 289,425 293,370 9,569 25,551 328,490 11,615 11,615 5,080 6,855 11,935 3,251 9,569 12,820 18,550 18,550 6,000 6,000 1,000 1,000 5,080 6,855 11,615 23,550 22,801 9,569 6,000 38,370 |
Unrestricted Unrestricted Restricted TotalUnrestricted Unrestricted Restricted Total funds funds funds funds funds funds general designated general designated 2021 2021 2021 2021 2020 2020 2020 2020 £ £ £ £ £ £ £ £ 259,484 4,400 1,991 265,875 255,319 19,551 274,870 15,250 15,250 5,080 6,855 11,615 23,550 22,801 9,569 6,000 38,370 264,564 11,255 13,606 289,425 293,370 9,569 25,551 328,490 11,615 11,615 5,080 6,855 11,935 3,251 9,569 12,820 18,550 18,550 6,000 6,000 1,000 1,000 5,080 6,855 11,615 23,550 22,801 9,569 6,000 38,370 |
|---|---|---|
| 5,080 |
| Church Activities Nursery funding and fees Ancillary trading income Other income Analysis by fund Unrestricted funds - general Unrestricted funds - designated Restricted funds |
Church Activities 2021 E 9,555 4,456 1,406 15,417 |
Nursery 2021 E 404,821 1,089 405,910 |
Total 2021 E 9,555 404,821 4,456 2,495 421,327 |
Church Activities 2020 E 2,233 4,171 4,837 11,241 |
Nursery 2020 E 389,108 12,429 401,537 |
Total 2020 E 2,233 389,108 4,171 17,266 412,778 7,943 401,537 3,298 412,778 |
|
|---|---|---|---|---|---|---|---|
| 10,722 724 3,971 15,417 |
405,910 405,910 |
10,722 406,634 3,971 421,327 |
7,943 3,298 11,241 |
401,537 401,537 |
| Unrestricted | Restricted | |
|---|---|---|
| funds | funds | |
| general | ||
| 2021 | 2020 | |
| £ | £ | |
| Fundraising events | 170 | 925 |
| Investments | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | Restricted | Endowment | Total | Unrestricted | Unrestricted | Restricted | Endowment | Total | |
| funds | funds |
funds | funds | funds | funds | funds | funds | |||
| general 2021 |
designated 2021 |
2021 | 2021 | 2021 | general 2020 |
designated 2020 |
2020 | 2020 | 2020 | |
| £ | £ |
£ | £ |
£ | £ | £ | £ | £ | £ | |
| Rental income | 10,128 | 10,128 | ||||||||
| Income from unlisted investments Interest receivable |
152 66 |
1,267 5 |
607 | 624 270 |
2,650 341 |
1,284 377 |
1,240 18 |
1,184 342 |
603 337 |
4,311 1,074 |
| 10,346 | 1,272 |
607 | 894 |
13,119 | 1,661 | 1,258 | 1,526 | 940 | 5,385 | |
| -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Staff costs Depreciation and impairment Church overseas Home mission, appeals and other grants Parish quota and clergy costs Church building 92 Marmion Road Mission and support Events Church management and administration Nursery premises costs Educational equipment and support Other nursery costs Share of governance costs (see note 8) Analysis by fund Unrestricted funds - general Unrestricted funds - designated Restricted funds |
Church Activities 2021 £ 123,627 6,903 23,291 6,309 138,018 30,803 9,257 19,921 5,217 14,118 377,464 4,431 381,895 |
Church Activities 2021 £ 123,627 6,903 23,291 6,309 138,018 30,803 9,257 19,921 5,217 14,118 377,464 4,431 381,895 |
Nursery 2021 £ 311,195 2,387 31,781 15,614 15,056 376,033 3,231 379,264 |
Total Church 2021 Activities 2020 £ £ 434,822 140,601 9,290 6,903 23,291 15,248 6,309 4,202 138,018 140,062 30,803 151,761 9,257 1,537 19,921 70,136 5,217 1,275 14,118 12,596 31,781 15,614 15,056 753,497 544,321 7,662 3,486 761,159 547,807 |
Total Church 2021 Activities 2020 £ £ 434,822 140,601 9,290 6,903 23,291 15,248 6,309 4,202 138,018 140,062 30,803 151,761 9,257 1,537 19,921 70,136 5,217 1,275 14,118 12,596 31,781 15,614 15,056 753,497 544,321 7,662 3,486 761,159 547,807 |
Nursery 2020 £ 321,402 3,139 13,231 11,781 13,472 363,025 3,466 366,491 |
Total 2020 £ 462,003 10,042 15,248 4,202 140,062 151,761 1,537 70,136 1,275 12,596 13,231 11,781 13,472 907,346 6,952 914,298 353,648 366,491 194,159 914,298 |
|---|---|---|---|---|---|---|---|
| 338,235 27,983 15,677 381,895 |
379,264 379,264 |
338,235 407,247 15,677 761,159 |
353,648 194,159 547,807 |
366,491 366,491 |
| 8 | Support costs | ||||||
|---|---|---|---|---|---|---|---|
| Support | Governance | 2021 | Support | Governance | 2020 | ||
| costs | costs |
costs | costs | ||||
| £ | £ |
£ | £ | £ | £ | ||
| Accountancy and | |||||||
| Independent | |||||||
| Examination fees | 7,662 | 7,662 | 6,952 | 6,952 | |||
| 7,662 | 7,662 | 6,952 | 6,952 | ||||
| Analysed between | |||||||
| Charitable activities | 7,662 | 7,662 | 6,952 | 6,952 |
| Net movement in funds | 2021 | 2020 |
|---|---|---|
| £ | £ | |
| Net movement in funds is stated after charging/(crediting) | ||
| Depreciation of owned tangible fixed assets | 9,290 | 10,042 |
| -- | -- |
| 2021 | 2020 | |
|---|---|---|
| Number | Number | |
| Church | 8 | 8 |
| Nursery | 25 | 27 |
| Total | 33 | 35 |
| 11 Employees Employment costs Wages and salaries Social security costs Other pension costs |
2021 £ 412,121 16,842 5,859 434,822 (Continued) 2020 £ 438,404 17,471 6,128 462,003 |
|---|---|
| Unrestricted | Unrestricted | Restricted | Endowment | Total | Unrestricted | Unrestricted | Restricted | Endowment | Total | |
|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds |
funds | funds | funds | funds | funds | funds | |||
| general | designated | general | designated | |||||||
| 2021 | 2021 |
2021 | 2021 |
2021 | 2020 | 2020 | 2020 | 2020 | 2020 | |
| £ | £ |
£ | £ | £ | £ | £ | £ | £ | £ | |
| Revaluation of investments | 3,646 |
3,184 |
1,536 | 2,396 | 10,762 | 1,362 | 3,873 | 116 | 1,736 | 7,087 |
| Gain/(loss) on sale of | ||||||||||
| investments | 332 | 1,351 |
166 | 1,849 | (162) | 269 | 107 | |||
| 3,978 | 4,535 |
1,702 | 2,396 | 12,611 | 1,200 | 3,873 | 385 | 1,736 | 7,194 | |
| -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| 13 Tangible fixed assets Freehold land and buildings £ Cost At 1 January 2021 746,509 At 31 December 2021 746,509 Depreciation and impairment At 1 January 2021 Depreciation charged in the year At 31 December 2021 Carrying amount At 31 December 2021 746,509 At 31 December 2020 746,509 |
Fixtures and fittings £ 127,618 127,618 105,497 9,290 114,787 12,831 |
Fixtures and fittings £ 127,618 127,618 105,497 9,290 114,787 12,831 |
Total £ 874,127 874,127 105,497 9,290 114,787 759,340 768,630 |
|---|---|---|---|
| 22,121 |
| Unlisted | |||
|---|---|---|---|
| investments- | |||
| The CBF | |||
| Church of | |||
| England Funds | |||
| £ | |||
| Cost or valuation | |||
| At 1 January 2021 | 135,106 | ||
| Valuation changes | 10,762 | ||
| Disposals | (49,375) | ||
| At 31 December 2021 | 96,493 | ||
| Carrying amount | |||
| At 31 December 2021 | 96,493 | ||
| At 31 December 2020 | 135,106 | ||
| 15 | Stocks | ||
| 2021 | 2020 |
||
| £ | £ | ||
| Raw materials and consumables | 271 | 415 | |
| 16 | Debtors | ||
| 2021 | 2020 |
||
| Amounts falling due within one year: | £ | £ | |
| Other debtors | 3,954 | 8,621 | |
| Prepayments and accrued income | 1,755 | 13,625 | |
| 5,709 | 22,246 | ||
| 17 | Other creditors falling due within one year | ||
| 2021 | 2020 |
||
| £ | £ | ||
| Other creditors | 395 | 296 | |
| Accruals and deferred income | 7,414 | 7,032 | |
| 7,809 | 7,328 |
| Deferred income | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Nursery funding and fees received in advance | 470 | 22 |
| Movement in funds | Movement in funds | Movement in funds | Movement in funds | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Transfers | Revaluations | Balance at | Incoming | Resources | Transfers | Revaluations | Balance at | |
| 1January2020 | resources | expended | gains and1 | January 2021 | resources | expended | gains and | 31 December | |||
| losses | losses | 2021 | |||||||||
| £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | |
| Permanent | endowments | ||||||||||
| Hornby | |||||||||||
| Endowment | |||||||||||
| Fund | 30,075 | 940 | (940) | 1,736 |
31,811 | 894 | (894) | 2,396 |
34,207 | ||
| 30,075 | 940 | (940) | 1,736 |
31,811 | 894 | (894) | 2,396 |
34,207 |
| Balance at 1January2020 £ 92 Marmion Road 310,000 Church Redevelopment 128,417 Intern Fund (Gift Day 2011) 8,275 Mission Development 310 Youth 4,755 Mission Gift Day 1,345 Hornby 3,812 St Margaret's Church Plant 42,853 St Margaret's Restricted Use 1,604 Open Churches Project 360 Other funds 3,126 Friday Fridge 504,857 |
Movement in funds Movement in funds Incoming Resources Transfers Revaluations, Balance at Incoming Resources Transfers Revaluations, Balance at resources expended gains and1 January 2021 resources expended gains and 31 December losses losses 2021 £ £ £ £ £ £ £ £ £ £ 310,000 310,000 4,487 (114,794) 385 18,495 13,667 7,401 1,619 41,182 283 (2,332) 6,226 38 (5,559) 829 83 1,617 165 475 77 (552) 11,038 (14,284) 1,509 49 (372) 1,186 100 1,445 (500) 945 940 4,752 (3,686) 894 1,960 14,887 (57,740) (1,604) 360 (360) 340 (3,405) 1,826 1,887 (1,176) (711) 4,353 (3,472) 881 31,300 (194,159) 2,766 385 345,149 18,184 (15,677) 8,413 1,702 357,771 |
|---|---|
| Movement in funds | Movement in funds | Movement in funds | Movement in funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Transfers | Revaluations, | Balance at | Incoming | Resources | Transfers | Revaluations, | Balance at | ||
| 1January2020 | resources | expended | gains and1 | January 2021 | resources | expended | gains and | 31 December | ||||
| losses | losses | 2021 | ||||||||||
| £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | ||
| Nursery | 518,421 | 412,364 | (366,491) | (39,000) | 3,873 |
529,167 | 414,036 | (379,264) | (40,031) | 4,535 |
528,443 | |
| Fixed Asset Fund | 22,121 | 22,121 | (9,289) | 12,832 | ||||||||
| Decoration | ||||||||||||
| Reserve | 2,078 | 2,078 | (714) | 1,000 | 2,364 | |||||||
| Contingency | ||||||||||||
| Reserve | 100,000 | 100,000 | (3,875) | 96,125 | ||||||||
| Mission | ||||||||||||
| Discretionary | (27,264) | 28,508 | 1,244 | |||||||||
| Vicars& | ||||||||||||
| Wardens 2021 | ||||||||||||
| Fund | 4,400 | 4,400 | ||||||||||
| Monday | ||||||||||||
| Fellowship | 725 | (5) | 720 | |||||||||
| 620,499 | 412,364 | (366,491) | (16,879) | 3,873 |
653,366 | 419,161 | (407,247) | (23,687) | 4,535 |
646,128 |
| 22 Analysis of net assets between funds Unrestricted Designated Restricted Endowment funds funds funds funds 2021 2021 2021 2021 £ £ £ £ Fund balances at 31 December 2021 are represented by: Tangible assets 449,340 310,000 Investments 24,526 25,453 12,307 34,207 Current assets/(liabili!ies) (24,526) 171,335 35,464 646,128 357,771 34,207 |
TotalUnrestricted Designated Restricted Endowment Total funds funds funds funds 2021 2020 2020 2020 2020 2020 £ £ £ £ £ £ 759,340 458,630 310,000 768,630 96,493 21,152 60,797 21,346 31,811 135,106 182,273 11,135 133,939 13,803 158,877 1,038,106 32,287 653,366 345,149 31,811 1,062,613 |
|---|---|
| Remuneration of key management personnel The remuneration of key management personnel is as follows. Aggregate compensation 24 Cash generated from operations Deficit for the year Adjustments for: Investment income recognised in statement of financial activities Gain on disposal of investments Fair value gains and losses on investments Depreciation and impairment of tangible fixed assets Movements in working capital: Decrease/(increase) in stocks Decrease/(increase) in debtors lncrease/(decrease) in creditors lncrease/(decrease) in deferred income Cash absorbed by operations |
2021 £ 50,572 2021 £ (24,507) (13,119) (1,849) (10,762) 9,290 144 16,537 146 448 (23,672) |
2020 £ 61,124 2020 £ (159,526) (5,385) (107) (7,087) 10,042 (17) (11,489) (302) (1,970) (175,841) |
|---|---|---|
| 25 | Analysis of changes in net funds |
|---|---|
| The PCC of St Jude had no debt during the year. |