Charit� registration n�mber 1131705
PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA
CONTENTS
| Page | |
|---|---|
| PCC Membe�� �epo�� | 1 � 10 |
| S�a�emen� of PCC membe�� �e�pon�ibili�ie� | 11 |
| Independen� e�amine�'� �epo�� | 12 |
| S�a�emen� of financial ac�i�i�ie� | 13 � 14 |
| Balance �hee� | 15 |
| S�a�emen� of ca�h flo�� | 16 |
| No�e� �o �he financial ��a�emen�� | 17 - 35 |
PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA
PCC MEMBERS REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
Ann�al Report for the Acti�ities of St J�de�s, So�thsea
INTRODUCTION
The membe�� of S� J�de�� Pa�ochial Ch��ch Co�ncil (PCC) ��bmi� �hei� Ann�al Repo�� and �he financial ��a�emen�� fo� �he �ea� ended 31[��] Decembe� 2023. The acco�n�� ha�e been p�epa�ed in acco�dance �i�h �he acco�n�ing policie� �e� o�� in no�e 1 �o �he acco�n�� and compl� �i�h �he go�e�ning �eg�la�ion�, �he Cha�i�ie� Ac� 2011 and �Acco�n�ing and Repo��ing b� Cha�i�ie�: S�a�emen� of Recommended P�ac�ice applicable �o cha�i�ie� p�epa�ing �hei� acco�n�� in acco�dance �i�h �he Financial Repo��ing S�anda�d applicable in �he UK and Rep�blic of I�eland� (FRS 102) (effec�i�e 1 Jan�a�� 2019).
LOCATION
S� J�de�� Ch��ch add�e�� i� Ken� Road, So��h�ea, Han�� PO5 3EL. I�� bank acco�n�� a�e held �i�h Llo�d� Bank plc, and Ca�pen�e� Bo� Jone� A�en�, Cha��e�ed Acco�n�an��, independen�l� e�amine� i�� acco�n��.
BACKGROUND
S� J�de�� PCC ha� �he �e�pon�ibili�� of co-ope�a�ing �i�h �he Vica�, in p�omo�ing in �he eccle�ia��ical pa�i�h �he mi��ion of �he Ch��ch: pa��o�al, e�angeli��ic, �ocial and ec�menical. I� i� a co�po�a�e bod� e��abli�hed b� �he Ch��ch of England. The PCC ope�a�e� �nde� �he Pa�ochial Ch��ch Co�ncil Po�e�� Mea���e.
S� J�de�� pa�i�h fall� �i�hin �he Dioce�e of Po���mo��h. The pa�i�h make� an ann�al con��ib��ion (��he pa�i�h �ha�e�), �hich i� ��ed �o pa� cle�g� ��ipend�, �o f�nd dioce�an mini���ie� �ha� ��ppo�� �he pa�i�h and fo� dioce�an and gene�al ��nod co���. The dioce�e appoin�� �he pa�i�h cle�g�.
S� J�de�� PCC i� a cha�i�� - �egi���a�ion n�mbe� 1131705. The o�he� cha�i�� �ela�ed �o i� i� �he S� J�de�� Vica� and Wa�den�� T���� (a di�c�e�iona�� cha�i�able �����), b�� �hi� �a� clo�ed in 2021.
PUBLIC BENEFIT
The PCC ha� complied �i�h �he d��� in �he Cha�i�ie� Ac� 2011 �o ha�e �ega�d �o �he p�blic benefi� g�idance p�bli�hed b� �he Cha�i�� Commi��ion.
MEMBERSHIP OF THE CHURCH
The Elec�o�al Roll fo� 2023 ��ood a� 160 membe��.
OPERATION OF THE PAROCHIAL CHURCH COUNCIL
The PCC me� 9 �ime� d��ing �he �ea�, �ome of i�� �o�k being done b� commi��ee� in in�e��ening mon�h�. The PCC Commi��ee� a�e:
Standing & Finance Committee: Thi� commi��ee e�i��� b� la� �i�h po�e� �o ��an�ac� �he b��ine�� of �he PCC be��een mee�ing�. I� al�o con�ide�� financial need� (incl�ding p�epa�a�ion of �he ann�al PCC b�dge�), plan� PCC mee�ing agenda�, and make� �ecommenda�ion� fo� PCC con�ide�a�ion a� i� �ee� fi�. I�� membe��hip comp�i�e� �he Vica� and �he A��ocia�e Vica�, �he Ch��ch Wa�den�, �he T�ea���e� and one nomina�ed membe� of PCC.
Mission S�pport Gro�p: Thi� g�o�p �eek� �o ��ppo�� and p�omo�e Ch�i��ian mi��ion o���ide �he pa�i�h, na�ionall� and o�e��ea�, �h�o�gh ed�ca�ion, enco��agemen� of �oca�ion, p�a�e� and financial gi�ing. The main mi��ion agenc� link� i� ha� fo��e�ed d��ing �hi� �ea� a�e �he Bible Socie��, �he Ch��ch Pa��o�al Aid Socie��, Tea�f�nd, In�e��e��e, O�e��ea� Mi��iona�� Fello��hip, Ch��ch Mi��ion Socie��, Spi�i� in Spo��, Hope in�o Ac�ion and Mili�a�� Mini���ie� In�e�na�ional.
N�rser� Management Committee: Thi� commi��ee o�e��ee� and g�ide� �he �o�k of �he N���e�� a� Sil�e� S��ee� in co-ope�a�ion �i�h �he Leade� and ��aff. Thi� incl�de� managemen� of �he b�dge�, appoin�men� of ��aff, �ecei�ing �he Leade��� �epo��� and con�ide�a�ion of �he N���e���� need�.
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PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA
PCC MEMBERS REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
REVIEW OF THE YEAR 2023
Vision
St J�de�s Vision is: Making Jes�s the heart of So�thsea
We �ill do �hi� �h�o�gh:
Gro�ing Faith
C�ea�ing oppo���ni�ie� �o enco�n�e� Je���, be g�ided b� Hi� Wo�d and empo�e�ed b� Hi� Spi�i�.
Offering Hope
Becoming a beacon of hope �he�e e�e��one can �e�pond �o �he good ne�� abo�� Ch�i��, and e�pe�ience �e��o�a�ion and f�eedom in Him.
Sharing God�s Lo�e
Reb�ilding and ��an�fo�ming li�e�, comm�ni�� and c�l���e b� �ha�ing �he �adical lo�e of God.
A� a ch��ch o�� �al�e� a�e �impl� Word and Spirit :
Word
We a�e g�o�nded in God�� li�ing Wo�d a� �he fo�nda�ion of o�� fai�h. We long �o g�o� in o�� dep�h and �nde���anding of Hi� Wo�d allo�ing i� �o ��an�fo�m o�� jo��ne� �i�h Je���.
Spirit
We a�e open �o and eage�l� de�i�e �he �o�k of �he Hol� Spi�i� in o�� li�e�. We long �o be kno�n fo� Je���� ��an�fo�ming p�e�ence a� �o�k in ��.
Finances
Bo�h Ch��ch and N���e�� �a� an inc�ea�e in income and e�pendi���e in 2023, gi�ing a combined income of �909k and o��going� of �906k �h�� gene�a�ing a �mall ���pl��. The ca��e� of co�� inc�ea�e� incl�de ��aff co���; mini���� co��� incl�ding food, ��pplie� and b�ilding ��nning co���; b�ilding main�enance co��� incl�ding �he �oof and boile� �epai��; and �he co��� a��ocia�ed �i�h in�e�n�hip �cheme�. Con��ib��o�� �o �he inc�ea�e in income incl�de N���e�� fee�; �ol�n�a�� gi�ing �o �he ch��ch; and g�an�� a��ocia�ed �i�h �he in�e�n�hip �cheme�.
The �iming of income and e�pendi���e in 2023, �he�eb� 53% of �he e�pendi���e �a� inc���ed in �he fi��� half of �he �ea�, �he�ea� onl� 45% of �he income �a� �ecei�ed in �he �ame pe�iod, ca��ed �he PCC �o �ake ac�ion� d��ing �he �ea� �o �ho�e �p ca�h flo�. The�e incl�ded a �e����c���ing of �he ��aff �eam, a� de�c�ibed in �he ne�� �ec�ion, a� �ell a� �he defe��al of pa�i�h �ha�e pa�men�� �o Decembe� 2023. The deb� acc��ed in defe��ing �he pa�i�h �ha�e pa�men�� �a� �ai�ed b� �he Po���mo��h Dioce�an Boa�d of Finance in Decembe� 2023. Bo�h Ch��ch and N���e�� clo�ed �he �ea� �i�h a heal�h� ca�h po�i�ion.
Staff
S� J�de�� ha� a la�ge ��aff �eam, b�� i� i� made �p of bo�h paid emplo�ee� and �ol�n�ee��. Man� of o�� paid ��aff �o�k pa��-�ime. We mee� �eekl� bo�h fo� �o��hip and �o p�a� �oge�he�, and �o o�e��ee �he f�nc�ion of �he ch��ch.
In 2023 �e �a� fe�e� change� �o o�� ��aff �eam �han in �ecen� �ea��. D�e �o financial p�e����e�, �he �ole� of S��den� & Yo�ng Ad�l�� �o�ke� and Di�ciple�hip Yea� coo�dina�o� �e�e no� e��ended be�ond �hei� ag�eed end-poin� of A�g���. In addi�ion, �he �ole of ca�e�ake� �a� made �ed�ndan�, al�ho�gh a ne� po�� of cleane� �a� c�ea�ed - and Pa� Joll� mo�ed in�o �hi� ne� �ole. O�� in�e�n�hip �cheme �a� �e�� pop�la� �hi� �ea�, �i�h ���den�� bo�h a� S� J�de�� and o�he� ch��che� in �he ci��. A� S� J�de��, �e had 4 ���den�� join �he ��aff �eam. Camila, �ho had been a DY ���den� �he �ea� befo�e, con�in�ed in�o a ne� F����e Yo��h ��aining p�og�am. Da�i�a �e���ned a� a Mini���� E�pe�ience ���den� - looking a� �ide� ch��ch leade��hip oppo���ni�ie�. Ma�� and Hannah bo�h ��a��ed a� Di�ciple�hip Yea� ���den��, Ma�� pa��-�ime �o�king �i�h o�� e�ening �e��ice and �o��hip mini���� - Hannah f�ll-�ime, �o�king ac�o�� �he life of �he ch��ch.
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PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA
PCC MEMBERS REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
REVIEW OF THE YEAR 2023 (CONTINUED)
Worship
O�� pa��e�n of S�nda� and mid�eek �e��ice� �emained �nchanged in 2023, al�ho�gh �e ha�e con�in�ed �o �ee ne� people join �� a� all 4 �eg�la� �e��ice�. A� o�� mo�ning �e��ice�, in �he �p�ing �e�m �e foc���ed on �he book of Jonah, follo�ed b� a �e�ie� on Lo�e f�om 1 John and in �he a���mn �pen� �ime con�ide�ing �he life of Da�id. A� o�� e�ening �e��ice, �e began �he �ea� �i�h Ephe�ian�, �hen looked a� �ome of �he p�ac�ice� of di�ciple�hip f�om �he go�pel�, befo�e fini�hing �he �ea� �o�king �h�o�gh Philippian�.
O�� ��ng �o��hip life con�in�e� �o be ��ppo��ed b� o�� �onde�f�l �eam of �ol�n�ee��. Thi� incl�de� o�� �o��hip in�e�n, Ma��, �ho i� o�iginall� f�om Uganda. A� one of o�� �e��ice�, �he led �he ch��ch in an Af�ican medle�, �o help �� app�ecia�e a diffe�en� �o��hip c�l���e f�om a�o�nd �he �o�ld.
The bigge�� change �o o�� ��ng �o��hip life ha� been �he addi�ion of D�ell. Thi� i� a mon�hl� �pace, in place of �he e�ening �e��ice, �he�e �e ga�he� �i�h Ch�i��ian� f�om ac�o�� �he ci�� fo� a �ime of e��ended ��ng �o��hip. Whil�� ho��ed b� S� J�de��, �he leade��hip of �he�e e�en�� �eg�la�l� co�e�� 6 diffe�en� ch��che�, and i� i� a �ign of �ni�� a� �e �o��hip �oge�he�. The�e ha�e p�o�en �o be �e�� pop�la�, e�peciall� �i�h ch��che� ac�o�� �he ci��, a� �e �eek, �oge�he�, �o g�o� �he kingdom of God.
Pra�er
P�a�e� �emain� cen��al �o �he life of �he ch��ch, and �e��e con�in�ed �o g�o� and enco��age p�a�e� ac�o�� �he g�o�p� �hich mee�. The ����e� cond�c�ed in 2022 led �� �o change �o ho�� a �e�ml� p�a�e� ga�he�ing�. The�e �e�e e��abli�hed a� �he end of 2022 and ha�e con�in�ed �h�o�gho�� 2023; �he� �emain a pop�la� �a� �o ga�he� a la�ge po��ion of �he ch��ch famil� �o p�a� �oge�he� fo� �he �e�m ahead.
D��ing �he �ea�, �e faced a �pecific financial challenge. In �e�pon�e, Adam called �� �o a pe�iod of p�a�e� and fa��ing, ahead of �he PCC mee�ing �o di�c��� a �a� ahead. The �e�pon�e �a� deepl� enco��aging, and �he p�a�e�� �e�e an��e�ed in �ema�kable �a��. We ha�e con�in�ed, f�om �ime �o �ime, �o de�elop and ��ial c�ea�i�e �a�� �o engage o�he�� in p�a�e�, incl�ding joining �i�h ch��che� ac�o�� �he co�n��� �o p�a� on �he �eaf�on� fo� o�� co�n���.
Discipleship
In 2023 �e con�in�ed �o embed o�� ���a�eg� of in�en�ional di�ciple�hip �h�o�gh �he p�oce�� of Link, Connec�, Enco�n�e�, G�o�, Follo�. Man� of �he Link and Connec� e�en�� �ill be men�ioned la�e� in �he �epo�� �nde� comm�ni�� and �i�ne��. We enco��aged people �o join and enjo� �he Life G�o�p� �hich hold a�o�nd 120 ch��ch membe��. The� mee� in �he da��ime and e�ening� each �eek �i�h mo�� follo�ing �he mo�ning �e�mon no�e�.
A Pilg�image �o �he Hol� Land in ea�l� Ma�ch �a� 25 people f�om ac�o�� �he So��h�ea ch��che� �i�i� man� of �he place� of biblical in�e�e�� ac�o�� I��ael and �he We�� Bank. We �ook John�� Go�pel a� o�� �e�� �o follo�, �i�i�ing �he �i�e� of all of �he �e�en of Je���� �ign�. The�e �e�e man� life-changing momen�� a� �e imme��ed o���el�e� in �he hol� place� of o�� fai�h and g�appled �i�h �he p�e�en�-da� comple�i�ie� of life fo� Je�i�h people and Pale��inian�.
In J�l� a g�o�p of abo�� 20 membe�� of S� J�de�� a��ended �he Ne� Wine Uni�ed ��mme� confe�ence �ha� �a� held in Ken� in 2023. Some �o�ked on �eam d��ing �he �eek, and all benefi�ed f�om �he e�cellen� �o��hip and �eaching. O�he� ch��ch membe�� a��ended �he Big Ch��ch Fe��i�al in We�� S���e� and �he Ke��ick Con�en�ion in �he Lake Di���ic�.
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PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA
PCC MEMBERS REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
REVIEW OF THE YEAR 2023 (CONTINUED)
Ministr�
Children and Families
Little Tiddlers
We c���en�l� ha�e o�e� 120 people �egi��e�ed fo� o�� pa�en� & �oddle� g�o�p �i�h a�o�nd 45 familie� (man� �i�h mo�e �han one child) a��ending e�e�� �eek. In ��mme� 2023, �e concl�ded �he fi��� ann�al c�cle of o�� ne� planning f�ame�o�k, and �o began �hi� c�cle again in Sep�embe�. We �ha�e a Bible ��o�� e�e�� �eek, and ac�o�� �he �ea� �e in��od�ce familie� �o ��o�ie� f�om �he Old Te��amen�, ��o�ie� abo�� �he life of Je��� and ��o�ie� �ha� help �hem �hink abo�� ho� �he� can p�� fai�h in�o ac�ion. Repea�ing an ann�al planning c�cle mean� �e a�e able �o be good ��e�a�d� of bo�h o�� �ime and mone� � i� allo�� �� �o �e��e �e�o��ce� and ma�e�ial� and gi�e� Be�han mo�e �ime �o de�o�e �o o�he� p�ojec�� �i�h child�en and familie�. I� al�o �einfo�ce� ke� ��o�ie� and me��age� a� child�en in �he ea�l� �ea�� lea�n �ell f�om �epe�i�ion and familia�i��. Man� of �he familie� �ho come �o �he g�o�p ha�e al�o a��ended o�he� e�en�� a� ch��ch �h�o�gho�� �he �ea�, and �ome ha�e become �eg�la� membe�� of o�� 10.45 cong�ega�ion. Be�han and �he �eam ha�e �alked familie� �h�o�gh a �ange of challenge� and ha�e �ha�ed in �ime� of jo� �i�h �hem and ha�e al�o had man� e�ci�ing and enco��aging con�e��a�ion� abo�� fai�h. We �eg�la�l� hea� pa�en�� and ca�e�� �a�, �We lo�e �hi� g�o�p, i��� �he highligh� of o�� �eek!�.
S�nda� children�s gro�ps
In Sep�embe�, �e b�o�gh� o�� child�en in �ea� 6 back �nde� �he o�e��igh� of o�� child�en�� mini���� �eam, a� Beacon� became o�� ne� S�nda� mo�ning g�o�p fo� �chool �ea�� 5 and 6. We ha�e o�e� 80 child�en �egi��e�ed fo� o�� S�nda� child�en�� mini���� and �he� mee� ac�o�� 4 g�o�p� o�gani�ed b� �chool �ea� g�o�p. All o�� child�en�� g�o�p� foc�� on ��o�ie� f�om �he Old Te��amen� leading in�o �he Ch�i��ma� ��o�� in �he a���mn �e�m, ��o�ie� abo�� �he life of Je��� in �he �p�ing �e�m and �eflec� on a �ange of �opic� incl�ding �he cha�ac�e� of God, ho� �e li�e a� Ch�i��ian� and �ha� i� mean� �o be a ch��ch in �he ��mme� �e�m. Thi� �ea� �e planned �o in��od�ce a ne� �e�ml� ne��le��e� �o info�m pa�en�� & ca�e�� and �he �ide� ch��ch abo�� �ha� �hei� child�en a�e lea�ning and e�plo�ing on S�nda�� and �o enco��age �hem �o engage �i�h f���he� con�e��a�ion� and p�a�e� a�o�nd �hi� a� home, �i�h �he fi��� one being �en� o�� in ea�l� 2024. We a�e fo���na�e �o ha�e an ama�ing �eam commi��ed �o ��ppo��ing o�� child�en�� mini���� on S�nda�� �ho �o�k ha�d and face a �ange of challenge�, b�� �ho al�a�� �ho� lo�ing ca�e and a��en�ion �o �he child�en �he� �o�k �i�h and �ha�e �hei� en�h��ia�m and lo�e fo� Je��� �h�o�gh �ha� �he� do. We a�e al�a�� on �he looko�� fo� ne� people �o �e��e on �hi� �eam �o enable �� �o keep i� going!
E�ents and other acti�ities
Ac�o�� �he �ea�, �e ha�e me� �i�h child�en and familie� �h�o�gh a �ange of one-off e�en�� and ac�i�i�ie�, incl�ding Ea��e� Famil� F�n, �he S�mme� of F�n (o�gani�ed in collabo�a�ion �i�h S� Simon�� and S� Ma�ga�e��� ch��che�), o�� ann�al C�eam Tea in Sep�embe�, �he p�e-Ch�i��ma� Ligh� Nigh� in No�embe�, and a film & food nigh� in Oc�obe�. We ha�e �ecei�ed �o m�ch po�i�i�e feedback f�om pa�en�� and familie� abo�� �he �a�m �elcome �he� feel a� o�� ch��ch e�en��, and �e ��e �he�e e�en�� a� oppo���ni�ie� �o �ignpo�� people �o o�he� �a�� in �hich �he� can become mo�e in�ol�ed in �he life of o�� ch��ch.
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PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA
PCC MEMBERS REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
REVIEW OF THE YEAR 2023 (CONTINUED)
Yo�th
Thi� ha� been Jack�� fi��� f�ll �ea� in po��. I� �emain� a ���ong pa�� of o�� �ide� mini����, and ha� been deepened in i�� �cope and impac�.
Eq�ip: In Sep�embe�, Beacon� �a� �eb�anded a� a ne� g�o�p called Eq�ip fo� �chool �ea�� 7-11, �i�h �ea� 6 being ab�o�bed back in�o child�en�� mini����. Eq�ip�� foc�� i� �o eq�ip o�� �o�ng people �i�h �he �ool� nece��a�� �o g�o� and de�elop �hei� �ela�ion�hip �i�h God and �ake con��ol of �hei� o�n di�ciple�hip. Thi� change ha� gone e���emel� �ell: �e a�e able �o ha�e mo�e open and engaged con�e��a�ion�, �e a�e �eeing �eal g�o��h in a�ea� like p�a�e�, and i� i� gi�ing �hem a chance �o appl� a lo� of �he biblical kno�ledge �ha� �he� al�ead� ha�e.
Be Gro�p: Be G�o�p i� a g�ea� g�o�p �he�e �e ��picall� go deepe� and a�k �he ha�de� q�e��ion� abo�� God and Fai�h. Mee�ing on a S�nda� e�ening, Be G�o�p ha� had �eg�la� n�mbe�� f�om 10-15 �o�ng people, going �p �o a ma�im�m of 19. A foc�� of Be G�o�p �hi� �ea� ha� been �o help �he �o�ng people �o �ead �hei� Bible� and d�a� biblical ����h� f�om i� �hem�el�e� and �a�� �he� can appl� i� �o �hei� li�e�. An a�ea �e ha�e �een a need �o look in�o fo� ne�� �ea� i� men�al heal�h. We a�e �eeing a g�o�ing amo�n� of �o��h ����ggling �i�h an�ie�� and dep�e��ion. We a�e looking a� b�inging in people �ho can ad�i�e on �hi� be��e� and �ailo�ing o�� �e��ion� �o look in�o men�al heal�h a� �ell.
High Tide: High Tide i� a mon�hl� e�en� ho��ed in diffe�en� ch��che� a�o�nd �he a�ea of Po���mo��h and �eaching a� fa� a� Em��o��h and Po�che��e�. We ha�e food, game�, �o��hip and a �alk. We��e �een a lo� of g�o��h �i�h High Tide �hi� �ea�: n�mbe�� ha�e almo�� do�bled f�om 40-50 in la�e 2022 and a�e no� �eeing �eg�la� n�mbe�� of 80.
High Tide i� enco��aging fo� �o�ng people f�om ch��che� �ha� ha�e �malle� n�mbe�� fo� �hei� �o��h. Once a mon�h �he� ge� �o ga�he� �i�h la�ge n�mbe�� of people �hei� age and �o��hip God. Secondl�, i� �ake� �o��h g�o�p� o�� of �he b�bble of �hei� o�n ch��ch and mingle� �hem �i�h �o��h of diffe�en� backg�o�nd� and ��age� of fai�h. I� al�o allo�� fo� pa��ne��hip in ch��che� ac�o�� �he a�ea. I� �eall� feel� like a �nif�ing g�o�p looking a� God�� plan fo� hi� kingdom in �he ci�� and no� j��� o�� local ch��ch.
The�e �a� al�o a 4-da� High Tide �e�iden�ial again in 2023. Thi� �ea� God ��ed �hi� �ime �o de�elop �he �o��hip of �he �o�ng people. We had 40 �o�ng people �he�e, 15 of �hom �e�e f�om S� J�de��. I� �a� g�ea�, a� �ome �o��h �ho ma� no� a��end �o��h g�o�p� �eg�la�l� came along, and no� a�e �eg�la�� a� man� of �he g�o�p� �e do.
Eden: Eden i� �he name of o�� ne� So��h�ea-�ide p�ojec� �ha� �e la�nched in pa��ne��hip �i�h King� Ch��ch. We ��n i� ��ice a mon�h and a�e foc��ed on p�o�iding a �afe place fo� �o�ng people �o come and feel God�� peace, �he�he� feeling God�� peace i� �h�o�gh pla�ing pool o� Ma�io Ka�� o� �npacking a ha�d �eek o�e� a �lice of pi��a. We a�e ��ill in �he ea�l� ��age� of �hi� p�ojec�; ho�e�e�, �e a�e al�ead� �eeing n�mbe�� of abo�� 25 YP. O�� goal i� �o c�ea�e a good ba�e fo� Eden and �hen �o ad�e��i�e in �he local �chool�. We al�o hope �o b�ing mo�e ch��che� in�o pa��ne��hip �i�h �he g�o�p.
SOS: Social on Sa���da� i� a g�ea� g�o�p �he�e �e ea�, pla� game� and a�k q�e��ion� abo�� God. We��e �een a big �pike in n�mbe�� fo� SOS: f�om n�mbe�� of 8-10, �e �ee �eg�la� n�mbe�� of abo�� 19 no�. We��e al�o e�panded i�� �each �o S� Simon��, a� �he� ha�e a lo� of �o�ng people in �ea� 6, �hich SOS i� ideal fo�.
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PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA
PCC MEMBERS REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
REVIEW OF THE YEAR 2023 (CONTINUED)
Beacons Pl�s (Sat�rda� Night Social): We ha�e de�eloped Beacon� Pl�� a lo� and ha�e no� �eb�anded i� a� Sa���da� Nigh� Social. I� i� la�gel� ��n b� ��o �ol�n�ee�� �ho a�e �e�� pa��iona�e abo�� c�ea�ing a f�n �pace fo� �he olde� �o�ng people. We ha�e ��ppo��ed and helped �o c�ea�e a �i�ion fo� g�o��h b�� �he �ol�n�ee�� ca��� �he planning and ��nning of �he g�o�p. N�mbe�� ha�e ��a�ed �o�ghl� �he �ame a�o�nd 10-12, b�� �he dep�h of �he g�o�p ha� g�o�n a lo�. We��e gone f�om a �eg�la� mo�ie nigh� �o �ocial� �panning �o �hing� like game� nigh�� and ice c�eam o��ing�, and �e ��ill enjo� a good mo�ie nigh�. We��e �een o�� �o��h lo�e �ime �o cha� and �n�ind, �o ha�e ��ied �o c�ea�e mo�e �pace fo� �hi�.
St J�de�s Ch�rch N�rser�:
The N���e�� con�in�ed �o p�o�ide e�cellen� ca�e in 2023 �o a�o�nd 90 �o 100 child�en de�pi�e facing �e�io�� challenge�. The ke� i���e in �he �ea� �a� �he diffic�l�� in a���ac�ing good ne� ��aff. The�e i� a na�ion�ide lack of n���e�� p�ac�i�ione�� and �e a�e legall� bo�nd �o emplo� ��ained ��aff. De�pi�e �hi�, �e p�o�ided �ea�-�o�nd p�o�i�ion and appoin�ed an e�cellen� ne� dep��� manage� and �pecial ed�ca�ional need� coo�dina�o� on a �ime limi�ed con��ac� fo� co�e� fo� ma�e�ni�� lea�e.
In ea�l� Feb��a�� �e �ecei�ed an Of��ed In�pec�ion �ha� ga�e a j�dgemen� of Req�i�e� Imp�o�emen�. We appealed again�� �ome of �he finding� of �he In�pec�o� �i�ho�� ��cce��. The ��aff �hen �o�ked �i�ele��l� on �he a�pec�� �ha� had been highligh�ed, �o �ha� �he ��b�eq�en� in�pec�ion in ea�l� 2024 �e���ned �� �o a �a�ed Good ��a���.
The ch��ch ��aff con�in�ed �eekl� �i�i�� �o �he N���e�� �o embed �he Ch�i��ian e�ho� �i�h ��o�ie� and �ong�. The N���e�� Managemen� Commi��ee me� �i� �ime� d��ing �he �ea� and mon�hl� N���e�� p�a�e� mee�ing� �e�e held. Fee� �e�e �ai�ed �o cope �i�h inc�ea�e� in ��aff pa� and �hank� �o �he con�in�ed ha�d �o�k of �he �onde�f�l managemen� �eam, �he N���e�� p�o�ided a ���pl�� of �18,000 �o �he ch��ch.
The �ea� ended �i�h �he depa����e of �he long-�e��ing and m�ch-lo�ed dep��� manage� Helen Ma��hall. Helen ha� fo� a long �ime been a ke� coo�dina�o� of man� of �he Ch�i��ian a�pec�� of �he �o�k of �he N���e�� incl�ding �he �i�i�� �o o�� ch��ch fo� Lea�e�� and Na�i�i�� �e��ice�. Af�e� 31 �ea�� of dedica�ed �e��ice �e ga�e Helen a big pa��� j��� befo�e Ch�i��ma� �ha� �a� a��ended b� man� pa�� a� �ell a� p�e�en� membe�� of ��aff. The e�ening �a� �e� ano�he� ��ib��e �o �he �e�� �pecial place �ha� o�� N���e�� ha� al�a�� been.
St�dents and Yo�ng Ad�lts:
A� �he PCC di�ce�ned i�� �i�ion in 2021, i� �a� clea� �ha� an a�ea in �ignifican� need of g�o��h �a� among�� ���den�� and pa��ic�la�l� �o�ng ad�l��. I� commi��ed �o in�e��ing in �hi� ���a�egicall� impo��an� a�ea �h�o�gh con�in�ing �he e�ening �e��ice and �eg�la� �ocial g�o�p. Thi�d Th���da�, a mon�hl� �ocial �pecificall� fo� ���den��, ha� con�in�ed, and �eg�la�l� ha� 10-15 in a��endance, along�ide a �eekl� ���den� Life G�o�p. Fi��� F�ida� ha� beg�n, �hich i� a �ocial g�o�p aimed a� o�� �o�ng ad�l�� and mee�� mon�hl�. The�e i� a g�o�p of a�o�nd 35 ���den�� and �o�ng ad�l�� �ho a�e in �eg�la� con�ac� and a��end ch��ch a� lea�� mon�hl�. Sadl� d�e �o financial con���ain�� �he PCC �ook �he deci�ion no� �o con�in�e �he paid �ole in �hi� a�ea, b�� ha� con�in�ed �o in�e�� a po��ion of i�� b�dge�� �o �he o�e�all g�o��h of �hi� mini���� - �hil�� �he leade��hip ha� fallen �o o�he�� �i�hin �he �eam.
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PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA
PCC MEMBERS REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
REVIEW OF THE YEAR 2023 (CONTINUED)
Pastoral Care
The bigge�� change in o�� pa��o�al ca�e ha� been a�o�nd �he o�e��igh� �eam. R��h McCabe and S��ie Pla��, �ho ha�e o�e��een �hi� �eam fo� man� �ea��, bo�h ��ood do�n f�om �hei� leade��hip �ole�, al�ho�gh �emain on �he �eam. Je�� Tam� �a� appoin�ed a� a �ol�n�ee� Anna Chaplain, �pecificall� looking �o �o�k �i�h olde� ad�l�� a� �he end of 2022. In �hi� �ole �he ha� added a n�mbe� of �Anna F�iend�� �ho a�e commi��ioned �o ��ppo�� �he �ide� pa��o�al �o�k of �he ch��ch.
The �eam con�in�e� �o ca�e fo� indi�id�al� ac�o�� �he life of �he ch��ch, �o�king ha�d �o en���e �ha� no one i� mi��ed o� o�e�looked.
S��ie mo�ed �o a ne� �ole a� Welcome �eam coo�dina�o�, and �oge�he� �i�h �he �ide� �eam ha� �e-en�i�ioned �he p�oce�� fo� helping �ho�e �ho a��i�e a� S� J�de�� a� ne� people feel able �o be pa�� of �he comm�ni�� a� �oon a� po��ible.
The �eg�la� g�o�p� fo� Monda� Fello��hip and Monda� L�nch ha�e con�in�ed �o mee�, and enjo� compan� and good food �oge�he�.
Comm�nit� and Witness
D��ing 2023 �e con�in�ed �o hold Link e�ents �ha� �o�gh� �o �each o�� �o o�� local comm�ni�� and b�ing people in�o con�ac� �i�h �he ch��ch. In �he fi��� �e�m �e held a We Lo�e So��h�ea e�en� �i�h f�ee b��ge��, �ellbeing �o�k�hop�, child�en�� c�af�� and game� on 11�h Feb��a��. In �he ��mme� �e�m �e held a comm�ni�� ba�beq�e �o celeb�a�e �he Co�ona�ion of King Cha�le� on S�nda� 7�h Ma�. Then in J�l� �e ho��ed a �e�� ��cce��f�l e�ening of Fai�h a� The M��ical�. In �he a���mn �e�m �e offe�ed a f�ee C�eam Tea on 16�h Oc�obe� and al�o ga�e a�a� f�ee ho�dog� on �he e�ening �hen �he Ch�i��ma� ligh�� �e�e ��i�ched on in la�e No�embe�. We ended �he �ea� �i�h Ca�ol� in �he P�ecinc� on Sa���da� 16�h Decembe�.
2023 �a� ano�he� �onde�f�l �ea� fo� Frida� Fridge , ano�he� �ea� �hen �e��e been p�i�ileged �o �e��e �he homele��, nea�-homele��, �nde�-p�i�ileged, ma�ginali�ed and ��lne�able ad�l�� in Po���mo��h and So��h�ea. F�ida� F�idge i� open �o e�e��one, �ega�dle�� of need o� an� o�he� fac�o��, b�� f�ee food �end� �o a���ac� �ho�e �ho need f�ee food. O�� g�e�� n�mbe�� ha�e g�o�n f�om an a�e�age of 29 a �eek in 2020 �o 40 a �eek in 2023 �i�h 2058 g�e��� �i�i�ing F�idge d��ing �he �ea�. Whil�� i� �ho�ld ne�e� be abo�� �he n�mbe��, e�peciall� a� inc�ea�ed n�mbe�� ma� �impl� indica�e a g�o�ing �ocial p�oblem, i��� g�ea� �o kno� �ha� mo�e and mo�e people a�e being �a�ml� �elcomed in�o o�� ch��ch and fed. Indeed mo�e �han j��� fed - one of �he �hing� �ha� �he pandemic made �e�� clea� i� �ha� o�� g�e��� don�� j��� come fo� �he food, �he� come fo� �he compan�, fo� �he �a�m �elcome, fo� �he oppo���ni�� �o cha� and �ela� in o�� �afe �pace. We��e e�panded o�� offe�ing �o no� incl�de a f�ll meal once a mon�h, �i�h �he ���adi�ional�, and m�ch lo�ed, bacon �oll� and chee�e �oa��ie� ��ill being �e��ed e�e�� �eek �hen �e��e no� doing a f�ll meal. We��e no� comple�ed o�� �econd con�in�o�� �ea� of being open e�e�� F�ida� � �ha��� 104 F�ida�� �i�ho�� a b�eak - in fac� �ince �he ��a�� of �he pandemic in Ma�ch 2020 �e��e onl� ��opped ��ice fo� Ch�i��ma�. Tha��� an a�e�ome achie�emen� and onl� made po��ible beca��e �e ha�e an a�e�ome �eam of �ol�n�ee�� and an a�e�ome ch��ch and, mo�� impo��an�l�, an ���e�l� a�e�ome God.
In 2023 �e al�o con�in�ed o�� ��ppo�� of o�� Hope into Action ho�se �ha� �eek� �o offe� longe� �e�m ho��ing �o �ho�e in need of mo�e �ec��e accommoda�ion. In �he �ea� o�� ��o long-�e�m �enan�� mo�ed on f�om �he ho��e �i�h �he lo�e and p�ac�ical help of �ho�e �ho had bef�iended �hem. Finance� and �ime �e�e gi�en �o en���e �ha� �he ho��e �a� �ell p�epa�ed fo� �he ne� �enan��. The p�a�e� ��ppo�� g�o�p me� �eg�la�l� on Zoom and fo� �h�ee �ocial meal� �oge�he� �i�h �he �enan��.
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PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA
PCC MEMBERS REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
REVIEW OF THE YEAR 2023 (CONTINUED)
O�� Eco Ch�rch team con�in�ed �o mee� �h�o�gh �he �ea�. Af�e� �he ��cce��e� of o�� eco ch��ch a�a�d� in 2022, �he �ea� �a� a f�����a�ing one fo� �he �ola� panel p�ojec�, �i�h li��le p�og�e��. Wildlife �alk� �e�e held �eg�la�l�, �i�h mo�� being led b� Da�id Pea��on. O�� ����ainable �e��ile� e�en��, Po�e� Se�, led b� Clai�e Beadnell, ha�e con�in�ed �o be �e�� pop�la�, helping a la�ge n�mbe� of people �ep��po�e and �e��o�e clo�hing and o�he� �e��ile�.
O�� Mission S�pport Gro�p me� fo�� �ime� d��ing �he �ea� �o p�a� fo� o�� mi��ion pa��ne��, alloca�e o�� mi��ion gi�ing and plan fo� �he p�o�i�ion of info�ma�ion �o be pa��ed on�o �he ch��ch. On o�� Mi��ion S�nda� on J�l� 2nd, Ca�oline Dean� f�om Hope in�o Ac�ion �poke, and �e had info�ma�ion abo�� o�he� mi��ion pa��ne�� incl�ding Tea�f�nd. Jane Po��lock �ook o�e� �he leade��hip of �hi� G�o�p a� Ro�ena Pea��on ��epped do�n. In 2023 a �o�al of �27,816 �a� gi�en �o o�� mi��ion pa��ne�� and o�he� local mi��ion�.
The S� J�de�� Alpha co�rse �an f�om �he 11�h Jan�a�� �o �he end of Ma�ch, �i�h o�� A�a� Da� on 25�h Feb��a�� a� Bedhamp�on. We had a g�o�p of mi�ed na�ionali�ie� and �i�h membe�� f�om S� Simon�� Ch��ch �ho �e�e planning �o fo�m �hei� o�n Alpha ��ee�ing g�o�p. The g�o�p con�in�ed �o mee� once �he co���e ended �i�h �e�e�al membe�� joining �he ch��ch and one bap�i�m a� a �e��l�. The meal� �e�e �onde�f�ll� ��ppo��ed b� �he Life G�o�p�.
Occasional Offices
We lo�e mee�ing �i�h membe�� of o�� comm�ni�� �h�o�gh o�� occa�ional office�, al�ho�gh �e �end �o �ee mo�e membe�� of o�� ch��ch famil� fo� �he�e. In 2023 �e had 3 �edding�, 5 f�ne�al� and bap�i�ed 10 child�en and 7 ad�l��.
Safeg�arding & GDPR
Safeg�a�ding of o�� people �emain� �he highe�� p�io�i�� fo� �he ch��ch. Safeg�a�ding i� a ��anding i�em on PCC agenda�, and �he �afeg�a�ding and pa��o�al ad�i�o�� g�o�p (SPAG) ha�e con�in�ed �o mee� each �e�m. We �emain g�a�ef�l �o Jan Pa�kin� �ho ha� con�in�ed in he� �ole a� Safeg�a�ding office�, and �o Lo�na Sandland �ho �ook �p �he �ole, �pecificall� foc���ed on ad�l�� a� �i�k, a� Ali Meccano-Thoma� ��ood do�n.
We con�in�e �o imp�o�e �he �ec��i�� of �he da�a �e hold, pa��ic�la�l� ��pecial ca�ego��� da�a, ��ing a �a�ie�� of �echnologie� and policie� incl�ding m�l�i-fac�o� a��hen�ica�ion.
Wider Deaner�
Adam ��ood do�n a� A��ocia�e A�ea Dean a� �he ��a�� of 2023 in o�de� �o foc�� hi� a��en�ion on �he mini���� of S� J�de��. Ho�e�e�, �hil�� �he po�� i� in �acanc�, he ha� con�in�ed �o en���e �he �ela�ion�hip� ac�o�� �he �o��he�n cl���e� of ch��che� �emain good, mee�ing �eg�la�l� �i�h �he cle�g� a� bo�h S� Ma�ga�e�'� and S� Simon��. S� Jame�� �a� in �acanc� �h�o�gho�� 2023, and �o �he cle�g�, pa��ic�la�l� Adam and Nigel, ��ppo��ed �hem �i�h S�nda� �e��ice� and p�o�iding co�e� fo� f�ne�al�. Neil Sma�� con�in�e� �o �eg�la�l� ��ppo�� S� Ma�ga�e�'� a� ��aining inc�mben� fo� �hei� c��a�e - and ha� al�o �emained on Dioce�an S�nod. Mo�e �ecen�l� he ha� joined �he �eam a� an A��i��an� Dioce�an Di�ec�o� of O�dinand�, helping �ho�e �ho a�e looking �o be o�dained.
St J�de�s Ch�rch B�ilding
In 2023 �e had �ome �ignifican� i���e� �i�h �he �oof abo�e �he �ppe� �oom �hich had been iden�ified a� needing �o be �eplaced. A� �e ��ied �o do �o, f���he� �o�k �a� di�co�e�ed and in �he end a �empo�a�� �oof co�e�ing �a� p�� in place. The �eam ha� con�in�ed �o �o�k �o�a�d� gaining pe�mi��ion �o p�� �ola� panel� on �he �o��h �oof, �hich �ill help bo�h �ed�ce o�� ca�bon foo�p�in�, and al�o �ed�ce o�� inc�ea�ing ene�g� co���. In addi�ion, �e��e con�in�ed �o do �malle� amo�n�� of main�enance �o�k a� and �hen �eq�i�ed.
The bigge�� change ha� been �he appoin�men� of Me���n Co�d�e� a� �ol�n�ee� b�ilding� manage� �o�a�d� �he end of 2023. Me���n ha� p�e�io��l� been in�ol�ed in la�ge� b�ilding� �o�k in �he ch��ch, �o kno�� bo�h �he b�ilding and �he dioce�e �ell. He ha� beg�n �he �o�k, �i�h o�� b�ilde� and a�chi�ec�, of p�io�i�i�ing �he �o�k� o��lined in �he q�inq�ennial �epo��, along�ide o�he� �o�k �hich need� �o be done, a� �e con�in�e �o make o�� b�ilding be�� �e��e �he �i�ion of �he ch��ch.
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PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA
PCC MEMBERS REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
Financial re�ie�
S� J�de�� �e���ned a �mall ���pl�� of �3k on �he combined ac�i�i�ie� of �he Ch��ch and N���e�� in 2023. The combined income g�e� b� 11% �o �909k, comp�i�ing �514k of N���e�� income and �395k of Ch��ch income. N���e�� income g�o��h �a� �he �e��l� of inc�ea�ed fee and g�an� income, Ch��ch income g�o��h f�om inc�ea�ed �ol�n�a�� gi�ing and g�an� income. Ch��ch g�an�� and �he a�a�ding bodie�, �o �hom �e e��end o�� g�a�i��de, a�e �ho�n in No�e 3 of �he Financial S�a�emen�.
Bo�h N���e�� and Ch��ch �e�e ��bjec� �o inc�ea�e� in ��aff co��� in 2023 a� a �e��l� of inc�ea�e� �o �he li�ing �age and pa� inc�ea�e� in line �i�h infla�ion. The Ch��ch made a one-off pa�men� �o all ��aff in Ap�il 2023 in �ecogni�ion of �he �ha�p inc�ea�e in li�ing co���. The Ch��ch �a� �he beneficia�� of a �ai�e� of �23k of o�� 2023 pa�i�h �ha�e pa�men�, �he eq�i�alen� of 20% of o�� ann�al pa�men�, made b� �he Po���mo��h Dioce�an Boa�d of Finance. Thi� �ai�e�, along �i�h ��aff change� made b� �he PCC and liq�ida�ion of an in�e��men� f�nd, allo�ed �� �o manage a pe�iod of �e���ic�ed ca�h flo� in �he middle of �he �ea� �i�ho�� �eco���e �o o�� ca�h �e�e��e�. The �eceip� of g�an�� and �he gene�o�� �e�pon�e �o a Gif� Da� in �he final q�a��e� en���ed �ha� �e ended �he �ea� �i�h a ��able c���en� acco�n� balance.
A� 31 Decembe� 2023 �he�e �e�e �o�al f�nd� of �1,033,416 incl�ding �32,528 endo�men�, �362,628 �e���ic�ed and �594,863 de�igna�ed.
Reser�es Polic�
I� i� PCC polic� �o main�ain a balance of 2 mon�h� of ope�a�ing co��� on �n�e���ic�ed f�nd� (if po��ible) �o co�e� eme�genc� �i��a�ion� �ha� a�i�e f�om �ime �o �ime. S� J�de�� Ch��ch hold� �46,125 in a de�igna�ed f�nd acco�n� and �he N���e�� hold� �50,000 in a de�igna�ed f�nd acco�n� �o mee� �hi� �eq�i�emen�. PCC �ill �e�ie� �he �al�e of �e�e��e� held in 2024 in line �i�h �he inc�ea�e in income and e�pendi���e in 2023.
RISK ASSESSMENT
The Ch��ch i� enco��aged �o con�ide� �ha� �i�k� �he�e a�e �o �he f�lfilmen� of �he cha�i�able p��po�e of �he o�gani�a�ion. Thi� �nde��aking ha� foc��ed on �he ph��ical and p�ac�ical �a�he� �han �he �pi�i��al.
Loss of the b�ilding
The�e �o�ld appea� �o be �e�e�al op�ion� �o en���e con�in�i�� of S�nda� �o��hip �ho�ld �he b�ilding be �ende�ed �n��able fo� �ha�e�e� �ea�on. The�e i� a �chool �i�h ��o �i�e� in �he immedia�e �icini�� �i�h �hich S�. J�de�� ha� good �ela�ion�. The Ch��ch al�o o�n� Sil�e� S��ee� Yo��h Cen��e �hich co�ld be ��ed, albei� �i�h �ome adj���men� b� �he N���e�� �ho a�e �he p�ima�� ��e��. S�. J�de�� School �o�ld al�o be an op�ion, albei� �ha� �he b�ilding i� o���ide of �he Pa�i�h.
I� i� ���pec�ed �ha� �he p�o�i�ion of a �en�e fo� bo�h �he Ch��ch Office� and �he �a�io�� e�en�� �ha� �ake place in �he ch��ch b�ilding migh� be mo�e p�oblema�ic. An� long-�e�m lo�� of ��e of �he b�ilding migh� be amelio�a�ed b� �he lea�e of a �hop �i�hin So��h�ea Shopping Cen��e.
Since �he enfo�ced clo���e �e��l�ing f�om �he Co�id-19 c�i�i� �he Ch��ch ha� ��ed �echnolog� and �ocial media �o p�o�ide pa�i�hione�� �i�h �i���al acce�� �o �o��hip �e��ice�, g�o�p�, bible �eading� and �eflec�ion�. The Ch��ch ha� �pg�aded �elephon� �o enable ��aff �o �o�k �emo�el� d��ing pe�iod� of lockdo�n, and �hi� can be ��ili�ed �o en���e �he efficien� ��nning of �he Ch��ch Office �hen ��aff a�e no� able �o acce�� �he b�ilding.
Financial
O�e�all �e�e��e� a�e con�ide�ed ��fficien� �o deal �i�h mo�� �nfo�e�een financial �eq�i�emen��. The b�lk of �e�e��e� a�e con�ained in f�nd� �ha� �he PCC ha� de�igna�ed fo� pa��ic�la� p��po�e�, mainl� a��ocia�ed �i�h �he N���e��. The Ch��ch ha� comp�ehen�i�e in���ance �hich �ho�ld co�e� mo�e gene�al ca�a���ophic e�en��. The Ch��ch main�ain� a po��ion of i�� f�nd� in �eadil� acce��ible acco�n�� �o mee� immedia�e demand�.
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PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA
PCC MEMBERS REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
MEMBERSHIP OF THE PAROCHIAL CHURCH COUNCIL
PCC membe�� a�e ei�he� e�-officio o� elec�ed b� �he Ann�al Mee�ing in acco�dance �i�h �he Ch��ch Rep�e�en�a�ion R�le�. The PCC con�i��ed of:
Vicar
Adam Tam�
Ch�rch Wardens
Da�id Bacon - Vice Chai� Jane Po��lock
Diocesan S�nod Representati�e
Debbie S���on
Deaner� S�nod Representati�es
Jo� Mcabe
Associate Vicar
Neil Sma��
Elected Members Jan to Dec 2023
Helen Bol�on Richa�d Bol�on - T�ea���e� Rob D�ake Elaine Halle�� Richa�d Po��lock Ma�k Neck Ma�k Sandland
Elected Members stepped do�n in 2023
Jim Campbell Bill E�an� Ro�ena Pea��on Ei�ene Ro��e
Elected Member appointed in 2023 Coopted Member appointed in 2023
Sam Adie Me���n Co�d�e� - B�ilding� Office�
Signed on behalf of the PCC on 28 April 2024
Chair
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PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA
STATEMENT OF PCC MEMBERS RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023
The PCC membe��, �ho a�e al�o �he �����ee�, a�e �e�pon�ible fo� p�epa�ing �he PCC Membe�� Repo�� and �he acco�n�� in acco�dance �i�h applicable la� and Uni�ed Kingdom Acco�n�ing S�anda�d� (Uni�ed Kingdom Gene�all� Accep�ed Acco�n�ing P�ac�ice).
The la� applicable �o cha�i�ie� in England and Wale� �eq�i�e� �he PCC membe�� �o p�epa�e acco�n�� fo� each financial �ea� �hich gi�e a ���e and fai� �ie� of �he ��a�e of affai�� of �he PCC of S� J�de and of �he incoming �e�o��ce� and applica�ion of �e�o��ce� of �he PCC of S� J�de fo� �ha� �ea�.
In p�epa�ing �he�e acco�n��, �he PCC membe�� a�e �eq�i�ed �o:
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�elec� ��i�able acco�n�ing policie� and �hen appl� �hem con�i��en�l�;
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ob�e��e �he me�hod� and p�inciple� in �he Cha�i�ie� SORP;
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make j�dgemen�� and e��ima�e� �ha� a�e �ea�onable and p��den�;
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��a�e �he�he� applicable acco�n�ing ��anda�d� ha�e been follo�ed, ��bjec� �o an� ma�e�ial depa����e� di�clo�ed and e�plained in �he acco�n��; and
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p�epa�e �he acco�n�� on �he going conce�n ba�i� �nle�� i� i� inapp�op�ia�e �o p�e��me �ha� �he cha�i�� �ill con�in�e in ope�a�ion.
The PCC membe�� a�e �e�pon�ible fo� keeping ��fficien� acco�n�ing �eco�d� �ha� di�clo�e �i�h �ea�onable acc��ac� a� an� �ime �he financial po�i�ion of �he PCC of S� J�de and enable �hem �o en���e �ha� �he acco�n�� compl� �i�h �he Cha�i�ie� Ac� 2011 and �he Ch��ch of England Acco�n�ing Reg�la�ion�. The� a�e al�o �e�pon�ible fo� �afeg�a�ding �he a��e�� of �he PCC of S� J�de and hence fo� �aking �ea�onable ��ep� fo� �he p�e�en�ion and de�ec�ion of f�a�d and o�he� i��eg�la�i�ie�.
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PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA
INDEPENDENT EXAMINER'S REPORT
TO THE PCC MEMBERS OF PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA
I �epo�� �o �he PCC membe�� on m� e�amina�ion of �he financial ��a�emen�� of Pa�ochial Ch��ch Co�ncil of S� J�de, So��h�ea (�he PCC of S� J�de) fo� �he �ea� ended 31 Decembe� 2023.
Responsibilities and basis of report
A� �he PCC membe�� of �he PCC of S� J�de �o� a�e �e�pon�ible fo� �he p�epa�a�ion of �he financial ��a�emen�� in acco�dance �i�h �he �eq�i�emen�� of �he Cha�i�ie� Ac� 2011 (�he 2011 Ac�).
I �epo�� in �e�pec� of m� e�amina�ion of �he PCC of S� J�de�� financial ��a�emen�� ca��ied o�� �nde� �ec�ion 145 of �he 2011 Ac�. In ca���ing o�� m� e�amina�ion I ha�e follo�ed all �he applicable Di�ec�ion� gi�en b� �he Cha�i�� Commi��ion �nde� �ec�ion 145(5)(b) of �he 2011 Ac�.
Independent e�aminer's statement
Since �he PCC of S� J�de�� g�o�� income e�ceeded �250,000 �o�� e�amine� m��� be a membe� of a bod� li��ed in �ec�ion 145 of �he 2011 Ac�. I confi�m �ha� I am q�alified �o �nde��ake �he e�amina�ion beca��e I am a membe� of �he In��i���e of Cha��e�ed Acco�n�an�� in England and Wale�, �hich i� one of �he li��ed bodie�.
I ha�e comple�ed m� e�amina�ion. I confi�m �ha� no ma��e�� ha�e come �o m� a��en�ion in connec�ion �i�h �he e�amina�ion gi�ing me ca��e �o belie�e �ha� in an� ma�e�ial �e�pec�:
1 acco�n�ing �eco�d� �e�e no� kep� in �e�pec� of �he PCC of S� J�de a� �eq�i�ed b� �ec�ion 130 of �he 2011 Ac�; o�
2 �he financial ��a�emen�� do no� acco�d �i�h �ho�e �eco�d�; o�
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3 �he financial ��a�emen�� do no� compl� �i�h �he applicable �eq�i�emen�� conce�ning �he fo�m and con�en� of acco�n�� �e� o�� in �he Cha�i�ie� (Acco�n�� and Repo���) Reg�la�ion� 2008 o�he� �han an� �eq�i�emen� �ha� �he acco�n�� gi�e a ���e and fai� �ie� �hich i� no� a ma��e� con�ide�ed a� pa�� of an independen� e�amina�ion.
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I ha�e no conce�n� and ha�e come ac�o�� no o�he� ma��e�� in connec�ion �i�h �he e�amina�ion �o �hich a��en�ion �ho�ld be d�a�n in �hi� �epo�� in o�de� �o enable a p�ope� �nde���anding of �he financial ��a�emen�� �o be �eached.
Timoth� Millett FCA
Carpenter Bo� Jones A�ens
53 Ken� Road So��h�ea Po���mo��h Hamp�hi�e PO5 3HU
Da�ed: 28 Ap�il 2024
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PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Flx•d assèts Tangible assets Investments 13 14 752.332 47,824 755.615 68,595 800,156 824,210 Curren¢ a8Jets Stocks Debtors Cash at bank and in hand 15 16 416 13.089 249,390 253 9,352 216,227 262.895 225.832 Credltor8'. amounts falllng due thIn on? year Taxation and social secunty Other ¢r&drtors Deferred income 4.219 21,534 3.882 3,510 16,785 2.031 17 18 29.635 22.328 Nel rrent a$sel$ 233,260 203,5Cfj Totsl 08818 l$$ ¢urr¢ni11obllbll¥s 1,033,416 1,027,716 Capltal fund• Endowment funds Incom• fund$ Restricted funds Unrèstricted funds- designated Unrestricted funds- general 19 32,528 30,022 362.628 594.863 43.397 374,679 611,698 11,317 1.033.416 1,027,716 The account5 were approved by the PCC Members on 28 April 2024 Chalr 15-
PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEAIBER 2023 2023 2022 Note$ Cash flows from opèratlng aetlvltl•s Cash absorbed by operatsons {7.2751 16.9251 Invèstlng actlvlti•s Proceeds from disposal of investmenls Investment Income received 23.444 16.994 18.433 16,302 Net eash general Irom In¥•stlng actlvltle8 40,438 34,735 Net cash u•ed In financlng actlvltleo Net Increa•e In ca•h and ca•h ?qulvalents 33.163 27,810 Cash and cash equivalents al beginning of year 216.227 188,417 Co$h and ¢a$h oqulval•nts •t •nd of y•ar 249,390 21fj,227 16-
PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEAIBER 2023 Aecountlng pollel•s Charfty Snforniatlon Parochial Church Council of St Jude. Southsea is a iegistered tharity in England and Wales. The Trustees are the members ol the PCC named in the Annual Report. The church of St Jude's address is Kent Road, Southsea. Hampshire, POS 3EL. 1.1 Accounting convention These accounts have been prepared in accordance wth the Church Accounting Regulations 2006 and FRS 102 'The Finanaal Reporting Slandard applicable in the UK and Republ of Ireland" I'FRS 1021, 'Accounling and Reporting by Charities" the Slalemenl of Recommended Practice for charities applying FRS 102 leffective 1 January 20191. the Charibes Act 2011 and UK Generalty Accepled Accounb'ng Practice. The PCC of St Jude is a Public Benefit Enlty as defined by FRS 102. The financial slalemgnl$ are prepared in slerfing, whi¢h 1$ Ihe fvnctional ¢urren¢y of Ihe PCC of Sl Jude. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention, modified to indude the revaluation of certain assets and ffinancial instruments at fair value. The principal a(xounling policAes adopted are set out below. 1.2 Golng concern At the lime ol approving the financial statements. the PCC members have a reasonable expectation that the PCC of St Jude has adequale resources to continue in operational existence lor the foreseeable future. Thus the PCC rnembers contsnue to adopt the going concem basi5 01 accounts'ng in preparing the financial slal&menls. 1.3 Charttable fundi Unrestricted funds are available for use al the discretH)n ol the PCC members in furtherance of their charitable objectives unless the funds have been designated for other purposes. Designated funds comprise lunds which have been sèt asidè at the discrètion of thè PCC mèmbers for specific purposes. The purposes and uses of the deSnated funds are set out in the notes to the accounts. Rèstricted lunds arè subject to specthc conditions by donors or grantors as to how th8y may b8 u$¥d. Th& purposes and uses of the restricted lunds are set out in the notes to the financial statements. Endowment lunds 8re subject lo spe¢ifi¢ ¢tsndilions by donors th81 the ¢8pi181 musl be m8in18ined by the PCC of St Jude. IA Incomlng re8ource8 Income is recognised when the PCC ol Sl Jude is legalty entiued to rt after any performance conditions have been met, the amounts can be measured reliabty, and rt is probable that income will be received. Collections, planned giving and cash dOna"OnS are recognised on receipt. Other donations are recognised once the PCC of St Jude has been notified of Ihe donation, unless perfomance conditions require deferral of the amount. Incorne tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised al the time of the donation. Legacies are recognised on receipt or otheiSe if the PCC of St Jude has been notified of an impending distribution, the amount is known. and receipt is expected. If ihe amount is not known. the legacy is treated as a contingent asset. I funds raised by parish actwibes such as the bookstall are accounled for gross. Rental income from non- investment propety and rooffl letb'ngs is recognised when the rental is due. Parochial fees are accounted for when due. 17-
PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Accounting policies (Continuedl 1.5 Resources expended Costs are charged directty to the most appropriate adivity or calegory of expendilure and apportioned where nec855ary. Grants and outsyard gwing 8re acojvnted for in the SOFAwhen paid. unless an obligation. whether constructive or legal, exists to the recipient in accordance th the Charities SORP and FRS102. P8rish share and other costs directly relab.ng to Ihe work and a¢b"vib"¢$ of th¥ Church ar¢ 8¢¢ounted for when they are inCUd or become due and payabl&. 1.6 Tanglblè nxèd assèts Consecrated and beneficed propety is excluded from the accounts by S1012lla & cl ol the Charities Act 2011. Moveable church furnishings held by the Churchwardens on special trust for the PCC and which require a la¢ulty for disposal are ¢apitalised ai $1 antl written oll over iheir uselul enOmiC life other than where insufficient ¢osl infomation 1$ available. In this ¢8se the it&m 1$ not capitalistrd. but is indude4 in the Church's inventory. All expenditure incurred dunng the year on consecrated or benefice buildings, whether for maintenance or improvement, is written off as expendrture and Separate disclosed. Other Tangible fixed assets are initialty measured al cost and subsequentty measured at cost or valuation, net of depreciation and any impairment losses. DeprecAabon is recognised so as to write off the cost or valuabon of assets less Iheir residual values over their useful INes on the followng bases.. Freehold land and buildings Fixture$ and fittin9S 25% strah1 lin¥ or r¢duung balance Freehold land is nol depreciated. Th¥ PCC has d¥¢idoa not lo provido dopwiaiion on freehold prop&ty h¥la as fix¥d a$sls 0$ il rogards tho buSldings as having a high residual value. The gain or Ioss 8rising on the ¢Jispos31 of an asset is determined as Ihe drfference betmeen the sale procèeds 8n¢J the carrying value of the asset, and is recognised in the statemènt of financi81 actNities. Individual items of equipment vthh a purchase value of Under £3.IXJO are written off when acquired. 1.7 Impalrnient of Ilxed asseis At each reporting end date, the PCC of St Jude reviews the carrying amounts of rts tangible assets to detemiine whether there is any indication that those assets have suffered an impaiment loss. If any such indication exists, the reVerable amounl of the asset is estimated in order to detemiine the extent ol the impairment loss lif any). No sui* ind¢calS were noted. 1.8 Stocks Stocks are Staled at the lower of cost and net realisable value. 1.9 Cash and eash oquival•nts Cash and cash equivalents include cash in hand. deposits held at call wilh banks and other short-temi liquid investrnenls original maturrties of three months or less. 18-
PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Accounting policies (Continuedl 1.10 Flnanelal Instrnm•nts The PCC of St Jude has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments 15sues' ol FRS 102 lo all ol its financial instruments. Flnancial instruments afe recognised in the PCC of St Jude's balance sheet when the PCC of St Jude becomes party to the contractual provisions ol the instrument. Basic financial assots 8asic financial assets, whth indudè dèbt$ and cash and bank balancè$, arè mèasurèd at transactlon prlce including transaction costs. Basic financial liabilities Basic financial liabililitrs, in¢ludin9 (yeditor$ are I00n1$ea at tr•n$•cbon pri. D•r•eognltlon of flnanclal Ilabilltl•$ Financial liabilities are derecognised vthen the PCC of St Jude's o)ntractual obligations expire or are disch8rged or n¢&lIe. 1.11 Employ8• bèn•flts The cost of any unused holiday entitlement is recognised in the period in vthich the employee's services are received. TerminatSon benèfits are reeognlsed immèdlatety as an èxpènse when the PCC of St Judo 1$ d8monstrably committed to terniinate the employment of an employee or to provide temiinalion benefits. 1.12 Retlrement benellts Payments to defined contribution rètiremènt benèfit xhème$ are char9èd a$ an eXn$8 9$ they fall due. Contributions are paid to NEST the workplace pension set up by ihe govemment. crttlcal accoundng estlmates and ludgement8 In the application ol the PCC of Sl Jude's ac¢ounbng polirAes. Ihe PCC members are required to make judgements. estimales and assumplions about the carrying amount of 855ets and liabililies that are nol re8di aPP8renl trom other sources. The estifflates and associated assumptions 8fe based on historic81 experience and other lactors that ar6 considered to be relevant. Adual resums may drffer from Ih&se estimates. The estimates and undertying assvmptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period ol the revision and ftjture periods where the revision affects both current and future periods. 19-
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PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Exp•ndltur• on charltsbl• aetlvltl•s Church 2023 Nursery 2023 Total 2023 Church 2022 Nursery 2022 Total 2022 Dlrect costs Stsff costs Depreciation and impairment Church overseas Home mission, appeals 8nd other grants Parish quota and clergy costs Church building 92 Marmion Road Mission and support Events Church management and administration Nursery premis8s cost$ Education81 equipment and support Other nursery cosis 143.246 386.303 529.549 136.637 326.012 462.649 2.016 20,639 1.268 3.284 20.639 2.168 20.751 1.558 3.726 20,751 10,962 10,962 8.138 8,138 97.682 87,232 1.532 42.361 7,055 97.682 87,232 1.532 42,361 7.055 121.681 52.004 3.002 30.333 121.681 52,004 3.002 30,333 9,073 9.073 43.033 10.013 10.013 45,908 43.033 45,908 19,882 25.425 19,882 25.425 22,219 22.698 22,219 22.698 421.798 475.911 897.709 3.791 418.395 809.186 sharn of ¥upport and governance costs (see note 71 Govèrnance 5,323 3,729 9.052 5,618 4,969 10,585 427,121 479,640 .761 3,407 423,364 819,771 Analy818 by fvnd unres1ried lund$ general Unrestricted funds- designaled Restricted funds 334,6C6 334,6Cfj 341,990 341,990 24.406 68,109 479.640 504.046 68,109 27.741 26.676 423.364 451.105 26,676 427,121 479.640 9.761 396.407 423.364 819,771 -23-
PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 Support eosts Support Gtsvemance costs costs 2023Support cA)sts Gov8man¢e costs 2022 Accountan and Independent Examination fees 9,052 9,052 10,585 10,585 9,052 9,052 10,585 10,585 Analysèd bètweèn Charitable 8ctivits.es 9.052 9.052 10.585 10.585 Governance costs includes payments to the independent examiners for their independent examination of £2,115 plus Vat. Net rnovem•nt In fund 2023 2022 Net movement in funds 18 $tsled after ¢h8rgin9ll¢redilingl Depredatlon of owned tangible fixed ass8ts 3,284 3,726 PCC M¢mb•rn None of the PCC members lor any persons connected with them) received any remuneration or expenses, as a PCC member. from the PCC of Sl Jude during Ihe year. Clergy stipends were paid by Ihe Chur¢h Commissioners within Church of Eng18nd slipendiary guidelines. 10 Employ¢•$ The average monthty number of employees during the yearwas= 2023 Number 2022 Number Church Nursery 27 25 Total 35 33 -24-
PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 10 Employees (Continuedl Employmènt Costs 2023 2022 W8ges 8nd $818ries Soaal security costs (less SMP bate) Olhei pension costs 505.371 16,122 8,056 444,162 10,270 8,217 529,549 462,649 There were no &mploy&es whose annual remuneralK)n was MO than £60.IXIO. Ramunèratlon ol kay manag•m•nt pèrnonn•l The remunerakn'on ol key management pef8onnel is as follows. 2023 2022 Aggregate compensation 53.260 47.436 -25-
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PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 12 Taxatlon The chanty is exempt from taxation on its activities because all its incnme is appld for charitable purposes. 13 Tangible fixed assets Fmhtsld land Flxtur•ts and ahd bulldlngs ffttlngs Total Cost At 1 January 2023 746.509 127,619 874,128 At 31 December 2023 746.509 127,619 874,128 Depreclatlon and Impalnn•nt At 1 January 2023 Depreciabon charged in the year 118.512 3,284 118.512 3,284 At 31 December 2023 121.796 121,796 Carrylng amount Al 31 D0mber 2023 746.509 5,823 752,332 At 31 December 2022 746.509 9.106 755,615 Freèhold land and buildin98 ¢ompri$e$ th8 Curate'$ houw ¥t 92 Mamilon Road gnd the Nursèry and land at Sllver Street. 92 Marrnion Road is jointty owned wrfh the Portsrnouth Diocesan Board of Finance under the Incumbents and Churchwardens, (Tru51sl Measure 1964. The Diocese has power of cvstodian Irustee. Should the house be Sold. the income is lo be invested and used towards Ihe provision of a house for a curate or in fumishing it. The house is included 81 es¢8le agent$ valuatlgn of £310.000. The Nursery land and buildings in Sifver Street, Soulhsea are joint owned wilh the Portsmouth Diocesan Board of Finan under Ihe Incumbents and Churchwardens. (Trusts) Measure 1964. The Diocese has power of custodian trustee. The property is valued at cosl of £436.$09. -27-
PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 14 Flx•d ass•t Inv•stm•nts Unllstèd Invèstments - The CBF Church of England Funds ¢t or valuation At 1 January 2023 V8Iu81ion changes Disposals 68,595 1,506 122,2771 At 31 December 2023 47.824 C•rrylng #mount At 31 December 2023 47,824 At 31 December 2022 68.595 15 Stocks 2023 2022 Raw m8l*dals and ¢onsumabl&$ 416 253 18 Debtorn 2023 2022 Amounts f•lllng du¢ wbthln on¢ Yr= Other debtors Prepayments and accrued income 4,941 8.148 5,761 3.591 13.089 9,352 17 Other credltors falllng due vrithin one year 2023 2022 Other credrtors Accruals and deferred income 588 20.946 675 16.110 21.534 16.785 -28-
PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 18 D•l•rr•d Ineom• 2023 2022 Nursery funding and fees received in advance 3,882 2,031 19 Endovnnent fund8 Endowment funds present assets whith must be held pemianenuy ty the PCC of Sl Jude. Income arising on the endowrnenl fund is induded 85 restricted income. Any capital gains or10sse5 arising on the as5el3 form part of th¥ fvnd. At 1 January 2023 Incomlng rn8ource8 Translèrn Galns and 1088e8 At31 December 2023 Pernianent 6ndowTh6nts Hornby Endovmienl Fund 30,022 838 18381 2,506 32,528 Prevlou¥ year: At 1 January 2022 Incomlng f*$our¢t¥ Tran•ler• Galns and lts$$•$ A131 Do¢¥mb¢r 2022 Pornianent endowrnents Hornby Endowment Fund 34,207 885 18851 14,1851 30,022 The Hornby bequest lund is held by the Doocese on behall of St Jude's. The Interest Is held in the Homby Restricted Fund. -29-
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PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 22 Analysls of nèt assèts b•tw••n funds Unr•strletsd Unréstrletèd fund6 funds genernl deslgnated 2023 2023 R•strlet•d Endovmiènt fund8 fund8 Total 2023 2023 2023 Fund balane&s •t 31 Decombgr 2023 Jrtr r•pres8nted by.. Tangible assets Investments Current 83sets1lli8bilities 442.332 5.099 147.432 310.000 10,197 42.431 752.332 47,824 233.260 32.528 43.397 43.397 594.863 362.628 32.528 1.033,416 Unrnstrletsd Unrnstrlet•d lund¥ fund¥ genernl de8lgnatsd 2022 2022 Restrleted Endowm•nt fund fund Total 2022 2022 2022 Fund balaneès at 31 O•c•mbèr 2022 ar• r•pr•sent•d by.. Tangible 85sets Investments Current 888elsllli8biliti¢sl 445.615 5.432 160.651 310.IJOO 10,863 53.816 755.615 68,595 203,506 22,278 110,9611 30,022 11,317 611.698 374,679 30,022 1,027,716 23 Related party tran8actlon8 There were no disdosable related party Iransaclions during the year12022- none).
PAROCHIAL CHURCH COUNCIL OF ST JUDE, SOUTHSEA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 24 Cash g•nèrat•d from op•ratlons 2023 2022 Surpluslldeficitl for the year 5,700 110,3901 Adjustments for.. Investment income recogni5ed in statemènt of finanual activibes IGainllloss on disposal ol investments Falr value gains and losses on investments Deprecjatson and impairment of langible fixed assets 116,9941 11.1681 11,5061 3.284 116,3021 865 8,599 3.726 Movemen15 in working c8pitsl.. Ilncreaselldecrease in stcKks Iln¢reasel in debtors Increase in creditors In¢rea$& in 4eferro¢J incom• 11631 13.7371 5.458 1.651 18 13,6431 8.641 1,561 Cash absorb by op•ratlons 17,2751 18,9251 20 Analy•l• ol changé8 In nèt fvnd8 The PCC of Sl Jude hatl no mèlerial debt during the year.