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|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|
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|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|
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|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|||
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|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|||||||||
##
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##
|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|
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||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|
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