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2020-12-31-accounts

Contents
Report ofThe Trustees forthe year ended 31stDecember 2020
Reference and Administrative
Details
Structure,
Governance
and Management
New Trustees: Appointment,
Induction		 and Training
Structure and Operation ofthe PCC
Compliance
Aims and Purposes
Management
Committees
Action and Accountability
Groups
PCC Secretary's
Report
Report on the Electoral
Roll
Report from Operations
Director		 12
Reports from Management
Committees		 13
Employment
Group Report		 13
Fabric Group Report 15
Financial
Review (Finance Group Report)		 17
Statement ofTrustees Responsibilities 18
Summary of Financial Statements for 5years 20
Independent
AuditoVs Report tothe Trustees ofthe Parochial		 Church Council ofHighfield
Church, Southampton 21
Statement ofFinancial Activities and Statement ofTotal Recognised Gains and Losses 26
Prior Year - SoFA 27
Balance Sheet 28
Statement ofCash Flows 29
Notes to the Statement ofCash Flows 30
Notes to the Financial Statements 31

rustees:
Name Note Name Note
Mike Archer Clergy Becky Moss From October 2020 (first
term) (DS)
lan Bartlett Retired October 2020 (DS) Phil Moss Appointed
Churchwarden
24April
2021
Tim Billington Retired April 2021 (second Zoe Norton From October 2020 (first
term) term)
Stephen Retired April 2021 (first Mike Page Churchwarden
since
Chapman term) 2018,resigned
24April
2021
Jennie Cox Retired October 2020 Janet Parker Retired October 2020
Penny Cox Retired October 2020 James From October 2020 (first
(Churchwarden) Pritchard term) (DS)
Rebecca D'Silva From October 2020 (first Rebecca Secretary, co-opted since
term) Proctor October 2020, appointed
on 24April 2021
Max Davies Co-opted from October Lisa Roberts From October 2020 (first
2020 and appointed on 24 term)
April 2021
Alasdair From October 2020 (first Christine Appointed
on 24 April
Douglas term) Sinclair 2021
Alan Finney From October 2020 (first Grant Stanley From October 2020 (first
term) term) (DS)
Amy Gaze From April 2019(first Hannah From October 2020 (first
term) retired 24 April 2021 Stanley term) (DS)
Robert From April 2019(first Rob Swindell From October 2020 (first
Heather term) term)
Ben Heptinstall From October 2020 (first Barry Toward Retired April 2021 (first
term) (DS) term)
Keith Hooper Retired October 2020 (DS) David Tozer Co-opted from October
2020 and appointed
on
24April 2021
Matt Hutchings Co-opted from October Doug From October 2020
2020 and resigned
on 24		 Wakeling (second term)
April 2021
Benjamin Retired April 2021 (first Peter S Retired October 2020
Jackson term) Williams (DS)
Pete Marston Churchwarden
since		 Paula Willis From April 2019(first
October 2020 term)
Cynthia Martin Retired October 2020 (DS) Daisy Wood From October 2020 (first
term

Summary
o		 f F inancial Stateme nts
for		 5years
2020 2019 2018 2017 2016
Ek Ek Ek Ek Ek
INCOME
Income from members including tax and other income 401 462 476 596 490
Gift days &Retiring Collections 64 57 13 36 22
Income from parish fees and grants 89 26 24
Church Centre and other departments 41 74 68 54
Weekend away 16 19
Income from investments and interest 17 18 18
Totallncome 612 653 599 732 572
Mission Giving and Donations 66 64 69 66 70
Diocesan Fadsh Share 124 133 135 140 153
Staff Costs 299 295 259 245 203
Church activities 17 48 47 42 41
Church
maintenance		 and houses 22 25 27 20 21
Cost ofChurch Centre and departments 45 54 61 64 56
Weekend
away		 20 24
Church administration 19 22 21 16 16
Depreciation 23 62 32 25
Total Expenditure 615 723 657 585
Net Surplus/(Deficit) (3) PD) (58) 83 (13)
Investment
gains/losses		 &b/f adjustments 31 (93) 314
Increase / (Decrease) in Funds 28 (163) (58) 397 (12)
Funds at start atyear 664 827 885 488 500
Funds at end ofyear 827
2020 2019 2018 2017 2016
FINANCIAL POSITION Ek Ek Ek Ek Ek
PCC NET ASSETS
Fixed Assets 535 505 657 222
Investments,
previous		 includes deposits 15 14 102 172 178
Bank balances, debtors &creditors 141 145 68 64 88
Total Assets 691 827 885
PCC FUNDS
Premises
and nxed assets		 535 505 659 577 223
Endowment
and Restricted		 Funds 48 46 13 106 75
Essential Maintenance Fund 30 35 20
General
Fund		 78 78 135 202 190
TotalFunds 691 827

forthe Year Ended 31 December 2 020
unrestricted Restricted Endowme TOTAL TOTAL
Funds Funds nt Funds 2020 2019
INCOMING
RESOURCES		 Note 6 E E E
Voluntary
income		 2(a) 434,689 82,830 517,519 540,071
Church activities 2(b) 40,675 284 40,959 94,906
Income from investments 2(c) 16,941 419 17,360 18,268
Other income 2(d) 36,390 36,390
TOTAL INCOMING
RESOURCES		 528,695 83,114 419 612,228 653,245
Transfer between funds 2(e) 419 (419)
INCOMING
RESOURCES AFTER TRANSFER		 529,115 83,114 612,228 653,245
RESOURCES USED
Mission and charitable
giving		 3(a) 56,563 9,874 66,437 64,193
Church activities 3(b) 233,285 11,762 245,047 359,310
Governance
costs		 3(c) 4,800 4,800 4,898
Staff costs 3(d) 239,360 59,569 298,929 295,137
TOTAL RESOURCES USED 534,008 81,205 615,213 723,538
Transfer between funds
RESOURCES USED AFTER TRANSFER 534,008 81,205 615,213 723,538
NET INCOMING/(OUTGOING)
RESOURCES		 (4,894) 1,909 (2,985) (70,293)
GAINS AND LOSSESON INVESTMENTS
-Gains on revaluation 7,8 30,000 933 30,933 2,205
NET MOVEMENT IN FUNDS AND TOTAL
RECOGNISED GAINS AND LOSSES IN 11a 25,106 1,909 933 27,948 (68,088)
THE YEAR
FUNDS AT START OFYEAR 617,945 31,577 13,993 663,515 827,089
ADJUSTMENTS B/F- Fixed Assets (95,486)
FUNDS AT END OFYEAR 643,051 33,486 14,926 691,463 663,515

Unrestriaed Restdcted Endowment TOTAL
Funds Funds Funds 2019
INCOMING
RESOURCES		 Note E E 6 E
Voluntary
income		 2(a) 473,689 66,382 540,071
Church activities 2(b) 92,610 2,296 94,906
Income from investments 2(c) 17,861 407 18,268
TOTAL INCOMING
RESOURCES		 584,160 68,678 407 653,245
Transfer between funds 2(e) (407)
INCOMING
RESOURCES AFTERTRANSFER		 584,567 68,678 653,245
RESOURCES USED
Mission and charitable
giving		 3(a) 58,859 5,334 64,193
Church activities 3(b) 342,340 16,970 359,310
Governance
costs		 3(c) 4,898 4,898
Staff costs 3(d) 271,644 23,493 295,137
TOTAL RESOURCES USED 677,741 45,797 723,538
Transfer between funds
RESOURCES USED AFTER TRANSFER 677,741 45,797 723,538
NET INCOMING/(OUTGOING) RESOURCES (93,174) 22,881 (70,293)
Transfer between funds
GAINS AND LOSSESON INVESTMENTS
-Gains on revaluation 7,8 2,205 2,205
NET MOVEMENT
IN
FUNDS		 AND TOTAL
RECOGNISED
GAINS AND LOSSES		 IN THE 11a (93,174) 22,881 2,205 (68,088)
YEAR
FUNDS AT START OFYEAR 813,225 2,076 11,788 827,089
ADJUSTMENTS B/F —Fixed Assets 6 (95,486) (95,486)
ADJUSTMENTS B/F - Funds 11a (6,620) 6,620
FUNDS AT END OFYEAR 617,945 31,577 13,993 663,515

At 31 Decem ber 2020
TOTAL TOTAL
Unrestricted Restricted Endowment FUNDS FUNDS
Funds Funds Funds 2020 2019
Notes E E E E E
FIXEDASSETS
Tangible assets 85,243 85,243 84,773
Investment
property		 450,000 450,000 420,000
Investments 14,926 14,926 13,993
535,243 14,926 550,169 518,766
CURRENT ASSETS
Debtors: amounts falling due within 9 11,464 11,464 23,153
one year
Cash at bank 8 on deposit 140,395 33,486 173,881 151,231
151,859 33,486 185,345 174,384
CREDITORS
Amounts
falling		 due within one year 10 (44,051) i44,051) (29,635)
NET CURRENT ASSETS 107,808 33,486 141,294 144,749
NET ASSETS 643,051 33,486 14,926 691,463 663,515
FUNDS
Unrestricted
funds
General Funds 11 77,808 78,364
Designated Funds 12 565,243 539,581
643,051 617,945
Restricted
Funds		 13 33,486 31,577
Endowment
Funds		 14,926 13,993
TOTAL FUNDS 691,463 663,515

forthe Year Ended 31 December 2020
TOTAL TOTAL
Unrestricted Restricted Endowment FUNDS FUNDS
Funds Funds 2020 2019
Notes E E E E
Cash flows from operating activities
Cash generated
from/(used
operations		 in) 1 27,266 1,909 29,175 (22,803)
Net cash provided
by/(used
operating
activities		 in) 27,266 1,909 29,175 (22,803)
Cash flows from investing activities
Dividends from Shares 419 419 407
Interest from Deposits (141) (141) 1,061
Rent from Investment
Property		 16,800 16,800 16,800
Purchase ofFixed Assets (23,752) (23,752) (4,555)
Loss from disposal ofInvestments 149 149
Net cash provided
by investing
activities		 (6,525) (6,525) 13,713
Cash flows from financing activities
Net inflows/(outflows)
from
borrowings
and financing
Transfers (balance b/f)
Increase/(Decrease)
in cash and cash
equivalents		 20,741 1,909 22,650 (9,090)
Cash and cash equivalents
beginning ofyear		 at 2 119,654 31,577 151,231 160,321
Cash and cash equivalents at end of 2 140,395 33,486 173,881 151,231
year

Reconciliation
o		 fSurplus/(Deficit)
 To Cash Generated
f		 rom Operat ions
TOTAL TOTAL
Unrestricted
Funds		 Restricted
Funds		 Endowment
Funds		 FUNDS
2020		 FUNDS
2019
E E
Surplus/(Deficit)
from operations		 25,107 1,909 933 27,949 (68,088)
Revaluations (30,000) (933) (30,933) (2,205)
Depreciation 23,132 23,132 61,544
Dividends
from Investments		 (419) (419) (407)
Interest from Investments 141 141 (1,061)
Rent from Investment
Property		 (16,800) (16,800) (16,800)
(Increase)/Decrease in Debtors 11,689 11,689 (139)
Increase/(Decrease) in Creditors 14,416 14,416 4,353
Net cash provided
activities		 by operating 27,266 1,909 29,175 (22,803)

Unrestricted Restricted Other TOTAL
FUNDS
Funds Funds Funds 2020
E E
Year ended 31st December 2020
Cash and cash equivalents 140,395 33,486 173,881
140,395 33,486 173,881
TOTAL
Unrestricted Restricted Other FUNDS
Funds Funds Funds 2019
Year ended 31st December 2019 E E E
Cash and cash equivalents 69,654 31,577 101,231
Deposit with Diocese 50,000 50,000
119,654 31,577 151,231

Unrestricted Restricted TOTAL TOTAL
FUNDS FUNDS
Funds Funds 2020 2019
E E
2(a)Voluntary
Income
Planned gifts:
Giving under Gift Aid 272,379 272,379 315,937
Tax recoverable 68,310 68,310 83,202
Other tax efficient giving 7,658 7,658 7,690
Non gift aid able giving 41,251 41,251 35,262
Collections at services 2,351 2,351 13,388
Gift Days 8 Retiring collections 37,221 29,574 66,795 57,412
Sundry donations 20 20 1,340
Legacies 5,500 5,500 5,000
Grant Income 53,256 53,256 20,840
434,689 82,830 517,519 540.071
2(b) Church Activities
Church Centre lettings etc 27,768 27,768 49,182
Restricted fund activities income 284 284 2,296
Self-funded
activities income		 11,406 11,406 38,425
Parish Fees 1,501 1,501 5,003
40,675 284 40,959 94,906
2(c)Income from investments
Dividends
and interest		 141 419 560 1,468
Rental Income 16,800 16,800 16,800
16,941 419 17,360 18,268
2(d) Other Income
Other state aid 36,390 36,390
36,390 36,390
TOTAL INCOMING
RESOURCES		 528,695 83,114 419 612,228 653,245

Unrestricted Restricted Endowment TOTAL TOTAL
FUNDS FUNDS
Funds Funds Funds 2020 2019
6 6
3(a) Missionary
and charitable		 giving:
Mission partners:
- Church overseas 28,510 2,954 31,464 27,400
- Home missions &other
organisations		 23,243 6,920 23617
Short term placements 5,339
Other donations 4,810 4,810 7,837
56,563 9,874 66,437 64,193
3(b)Church Activities:
Ministry:
- Diocesan Common Mission Fund 123,818 123,818 133,038
-clergy expenses 1,304 1,304 3,364
Church:
-services 3,100 3,100 8,113
-older people 1,842 1,842 739
-children,
youth &students		 4,211 4,211 11,121
-other activities 1,093 1,093 7,696
Training costs 359 359 5,488
Church
running
and maintenance		 16,521 1,228 17,749 21,175
Investment
property costs		 3,839 3,839 3,927
Office costs 14,622 14,622 16,907
Depreciation 23,132 23,132 61,544
Distribution
ofParish fees		 152 152 1,400
Church Centre costs excluding staff costs 32,378 32,378 30,487
Restricted fund activities (5,234) 10,534 4,951 16,970
Self-funded
activities expenditure		 12,147 12,147 37,341
233,285 11,762 245,047 359,310
3(c)Governance costs
Audit costs 4,800 4,800 4,898
3(d)Staff Costs (note 5)
Salaries and employment costs 239,360 59,569 298,929 295,137
TOTAL RESOURCES USED 534,008 81,205 615,213 723,538

2020 2019
E E
Auditors'
remuneration		 4,800 4,898
Depreciation
-owned assets		 23,132 61,544
Loss on disposal offixed assets 150
STAFF COSTS
2020f 2019
E
Wages and salaries 248,058 258,034
Social Security Costs 18,317 14,775
Pension Costs 20,427 22,328
Redundancy
Costs		 12,126
298,929 295,137

Church Church Other
Centre Services Equipment
E 6 E 6
COST
At 1January 2020
Additions		 384,197
14,808		 156,802
2,250		 12,204
6,694		 553,203
23,752
Disposals (19,500) (500) (20,000)
At 31 December 2020 379,505 159,052 18,398 556,955
DEPRECIATION
At 1January 2020 364,905 96,705 6,820 468,430
Charge for year 4,632 15,905 2,595 23,132
Disposals (19,500) (350) 19,850
At 31 December 2020 350,037 112,610 9,065 471,712
NET BOOK VALUE
At 31 December 2020 29,468 9,333 85,243
At 31 December 2019 19,292 60,097 5,384 84,773

104USA
MARKET VALUE E
At 1 January 2020 420,000
Changes
in market value (see note below)		 30,000
At 31 December 2020 450,000

Unlisted
investments
MARKET VALUE E
At 1January 2020 13,993
Additions/(Disposals)
Transferred to current assets
Changes
in mid-market		 value 933
At 31 December 2020 14,926
2020 2019
E E
Gift Aid recoverable 8,153 3,385
Church centre debtors 551 5,920
Other debtors and prepayments 2,760 13,848
VAT recoverable
11,464 23,153
Net resources are stated after charging/(crediting):
2020 2019
E E
Trade and pension creditors 2,195 3,137
Social Security and other taxes 3,723 4,633
Grants received in advance 19,608
Other creditors 938 6,514
Accrued expenses 17,586 15,351
44,051 29,635

Net movement
in funds		 Net movement
in funds		 in the year in the year in the year 2020 2019
E E
General Funds (556) (57,613)
Designated
Funds		 25,662 (137,667)
Total for the year 25,106 (195,280)
General Fund movements 2020 2019
E E
Balance b/f 78,364 135,977
Surplus/(deficit)
forthe		 year 18,238 (31,630)
Fixed asset purchases (23,752) (4,555)
Loss on disposal offixed assets 150
Essential Maintenance Fund decrease/(increase) 4,808 (14,808)
Adjustment
to b/f balance		 (6,620)
Balance c/f 77,808 78,364
Fixed Investment 2020 2019
Designated
Fund movements		 Assets Property TOTAL TOTAL
E E
Balance at 1 January 2020 119,581 420,000 539,581 677,248
Additions/(Disposals) 23,752 23,752 4,555
Loss on disposal offixed assets (150) (150)
Transfers/Corrections to b/f (95,486)
Valuations 30,000 30,000
Depreciation (23,132) (23,132) (61,544)
Essential
Maintenance		 Fund (decrease)
/increase (4,808) (4,808) 14,808
Balance at 31 December 2020 115,243 450,000 565,243 539,581
General Designated Restricted Endowment
Funds Funds Funds Funds TOTAL
E E E E E
(Note
11a) (Note 12) (Note 13) (Note 8)
Tangible fixed assets 85,243 85,243
Investment property 450,000 450,000
Investment fixed assets 14,926 14,926
Current assets 121,308 30,000 33,486 185,345
Current liabilities (44,051) (44,051)
Balance at 31 December
2020 77,808 565,243 33,486 14,926 691,463

2020 2019
s E
Investment property —Original cost of104Upper Shaftesbury 106,644 106,644
Avenue
Investment property —Revaluations of104Upper Shaftesbury 343,356 313,356
Avenue
Church Services fixed assets 46,442 60,097
Church Centre fixed assets 29,468 19,292
Other Equipment fixed assets 9,333 5,384
Essential Maintenance Fund 30,000 34,808
565,243 539,581

Restricted
Fund movements		 2020 2019
E E
Tea club activities income less expenditure (1,881) (195)
Balance b/f adjustment 6,620
Gift Day movements 7,160 22,538
Movements
in other funds		 (3,370) 538
1,909 29,501
Restricted Funds at end ofyear
Tea club 1,881
Gift Day and associated grants —outstanding funds 29,698 22,538
Others (various) 3,788 7,158
33,486 31,577