2020-12-31-accounts

		Contents
			Page
Annual report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements
Report ofthe independent		examiner	16
Charitable Giving			17

During the year the following served as	During the year the following served as	members ofthe Parochial Church	Council:
Ex&gcioMembers
Incumbent	The Revd. Canon Martin JLane Chairman
	(Rural Dean throughout	the year)
Wardens	Mrs Christine Smee
	(Warden to22 March 2020;PCC member from 21"October 2020)
	Professor Laura Ritchie
	Mr Dan Lambert
	(Warden from 21"October 2020;PCC member throughout		the year)
Eiecied Members
	Mr Martin Catchpole	(&om 21"October 2020)
	Mrs Karen Goding	Archivist (from 9th December	2020)
	Mrs Saleigh Gordon
	Ms Suki Hall	(Deanery Synod to 21"October2020; PCC		from21st October 2020)
	Dr David Honeyboume
	Mrs Joan Langhorne	Archivist (to 21"October 2020)
	Mr Adrian Mosley
	Ms Anna Roebuck	(from 21e October 2020)
	Mr Jeremy Webb
	Mr Martyn White	(Deanery Synod to 21"October2020; PCC		from21st October 2020)
Deanery Synod Members
	Dr Alan Copsey Mr Lee Mandiwall Mr Christopher Pexton	(&om 9th December 2020 (to 21"October 2020) (from 21"October 2020)
	Mr Andrew Walker	(to 21"October 2020)
Co-opted Members
	Mrs Carol Bishop	Honorary Treasurer

						Total	Total
			Unrestricted	Restricted	Endowment	Funds	Funds
			Funds	Funds	Funds	2020	2019
		Notes	f.
Income and endowments from:
Donations and legacies		2a	133,827	22,705		156,532	212,710
Charitable activities		2b	6,506	2,508		9,014	17,967
Trading activities		2c	11,573			11,573	28,306
Investments		2d	8,536	2,323		10,859	10,910
Total income			160,442	27,536	0	187,978	269,893
Expenditure on:
Raising funds		3a	403			403	3,119
Charitable activites		3b	152,286	22,613		174,899	175,720
Other trading activites		3c	8,479			8,479	16,492
Other		3d	2,870	2,905		5,775	149,718
Total expenditure			164,038	25,518	0	189,556	345,049
Net income			(3,596)	2,018		-1,578	(75,156)
Transfers between	funds - in		14,141	35		14,176	15,916
Transfers between	funds - out		(14,176)			-14,176	(15,916)
Other recognised	gains
Gains/(losses) on revaluation of
investments		Sb	5,996		3,886	9,882	22,647
Net movement in	funds		2,365	2,053	3,886	8,304	~(52,510
Reconciliation offunds:
Total funds brought	forward at
1stJanuary 2020			180,425	8,282	56,511	245,217	297,726
Total funds carried forward at
31stDecember 2020			182,789	10,335	60,397	253,520	245,217

						2020	2019
				Notes
Fixed	assets
	Freehold land and		buildings	sa		I	1
	Investments			5b		93,205	87,207
	Endowed investments			5b		60,397	56,510
Total	fixed assets					153,602	143,718
Current assets
	Debtors				357		9,019
	Short term deposits				91,140		98,529
	Cash at bank				18,311		19,365
						109,808	126,913
Current liabilities
	Creditors: amounts		fidiing due witlmi one year	8		(9,886)	(25,413)
Net current assets						99,922	101,500
Total	assets less liabilities					253,524	245,218
Funds				10
	Unrestricted	funds
	general				140,441		124,368
	designated				42,351		56,059
						182,792	180,427
	Restricted funds					10,336	8,282
	Endowment	funds				60,397	56,511
Total	funds					253,524	245,219

	Analysis ofincome and	endo	wments
				v0t	tll t d	R~ldCvt	~TF~	~T F~n
				F~und			2020	2001,
a	Donations and legacies
	Planned giving (excl tax	refunds)			81,792		81,792	84,126
	Planned giving (no tax refunds)				6,567		6,567	5,247
	Collections at all services				747	25	772	8,965
	Collections at concerts				401		401	2,183
	Special appeals gc specific donations					16,017	16,017	34,881
	Bosham Youth Group fundraising
	Gifi Aid tax recoverable				22,683	1,442	24,125	30,811
	Grants				894	5,221	6,116	24,780
	Legacies 4 'in memoriam'	donations						2,300
	General donations				17,476		17,476	7,546
	Donations from Church visitors				3,266		3,266	11,872
					133,827	22,705	156,532	212,711
	Charitable activites
	Bosham Youth Group activities					2,208	2,208	3,157
	Parochial Fees from weddings,		funerals		6,206		6,206	10,192
	Other income from weddings,		funerals		300	300	600	4,618
					6,506	2,508	9,014	17,967
c	Trading acdvirtes
	Fete, concerts and events				29		29	10,948
	StNicholas Hall lettings				4,918		4,918	10,363
	Magazine subscriptions				3,335		3,335	3,331
	Magazine advertisement	income			3,290		3,290	3,664
					11,573		11,573	28,306
	Investment income
	StNicholas flat rental				6,008		6,008	6,009
	Interest and investment income				2,528	2,323	4,851	4,901
					8,536	2,323	10,859	10,910
	Total received on all funds				160,442	27,536	187,978	269,894

3	Analysis ofexpendit	ure		on:
							Total	Total
					Unrestricted	Restricted	Funds	Funds
					Funds	Funds	2020	2019
								g
a	Raising funds
	Stewardship costs				292		292	435
	Bookstall expenses				49		49	1,362
	Concerts and event expenses				62		62	1,323
					403		403	3,119
b	Charitable activities
	Charitable giving				13,655	4,188	17,843	22,382
	Diocesan parish share				74,035	1,692	75,727	73,526
	Local mission and outreach				1,305		1,305	2,066
	Vicarage expenses				13,860		13,860	4,728
	Church running expenses				6,980		6,980	5,603
	Church maintenance				4,882		4,882	8,538
	Expenses ofservices				7,777		7.777	9,545
	Expenses ofweddings,		funeral		310	317	628	4,674
	Church enhancements				120	4,300	4,420	5,765
	Church major repairs				6,990	7,890	14,880	4,417
	Costs ofchurchyard	and		burial ground	4,086	2,000	6,086	3,889
	Youth work				4,364	2,208	6,572	10,895
	Trammg courses							158
	Clergy working expenses				2,302		2,302	3,166
	Administrative expenses				10,893		10,893	15,392
	Bank charges				546	18	564	798
	Independent examination			fee	180		180	180
					152,286	22,613	174,899	175,720
c	Trading activttes
	StNicholas Hall running			costs	5,311		5,311	6,410
	StNicholas Hall maintenance				30		30	2,088
	Fete expenses				20		20	2,690
	Parish magazine				3,118		3,118	5,303
					8,479		8,479	16,492
d	Other
	Sacristy/boiler room	project			2,870	2,905	5,775	149,718
	Total resources expended				164,038	25,518	189,556	345,049

ued at the y	ear end.
Reserve	Endowment
Funds	Fund
87,208	56,511
5,997	3,886
93,205	60,397

Analysis ofnet assets by fund
					Tolgl	T~l
	gnlesln'cted	Rggln'cted	~Endo	tag	~F	~Fnds
	Emmy	Funds			2020	2019
Freehold land and buildings	1				1	1
Investments	27,802	65,403		60,397	153,601	143,718
Current assets Current liabilities	156,920 (1,931	(47,112) 7,955			109,808 9,886	126,913 ~23.413
	182,792	10,336		60,397	253,524	245,219
Debtors					2020	3002
Income tax recoverable						7,054
Prepayments					357	1,965
					357	9,019

8	Creditors: amounts	falling due within one year	2020	2019
			I,
	Deferred income		5,800	2,820
	Accrusls for utilities		455	300
	Other creditors		3,631	22,293
			9,886	25,413

						Total
			Unrestricted	Restricted	Endowment	Funds
			Funds	Funds	Funds	2019
Income and endowments		from:
Donations and legacies			145,046	67,664		212,710
Charitable activities			11,745	6,222		17,967
Trading activities			28,306			28,306
Investments			8,612	2,298		10,910
Total income			193,709	76,184		269,893
Expenditure on:
Raising funds			3,119			3,119
Charitable activites			154,312	21,408		175,720
Other trading activites			16,492			16,492
Other			4,025	145,693		149,718
Total expenditure			177,948	167,102		345,049
Net income			15,761	(90,918)		(75,156)
Other recognised	gains
Gains/(losses) on revaluation of
investments			13,742		8,905	22,647
Transfers between	funds		14,560	1,356		15,916
			(15,853)	(63)		(15,916)
Net movement in	funds		28,211	(89,625	8,905	52,510
Reconciliation offunds:
Total funds brought	forward	at 1st
January 2019			152,214	97,907	47,606	297,726
Total funds carried forward at 31st
December 2019			180,425	8,282	56,511	245,217

							Bal c/fwd
			Bal b/fwd				31Dec
			I Jan 2020	Income			2020
Unrestricted fimd
General fund			124,368	155,351	132,116	(7,162)	140,441
Designated funds
Fabric fund			14,495	3,647	(7,929)		10,214
Enhancement	Fund			1,095	(120)		975
Vicarage fund			6,922		(6,922)		0
Legacy fund			32,642		(2,870)		29,772
Hospitality fund					(116)	116	0
Pastoral fund			500		(630)	500	370
Flower fund			1,000	348	(310)	(17)	1,020
Donation fund			500		13,025	12,525	0
			56,059	5,090	(31,922	13,124	42,351
Unrestricted &designated funds			180,427	160,442	164,038	5,961	182,792
Restricted funds
Lord Gitford's	Wreath fund		50		(25)		25
Fabric fund			3,495	5,759	(2,905)		6,349
Sacristy/boiler	room project		2,000				2,000
Organ Fund				7,890	(7,890)
Enhancement	fund			4,700	(4,300)		400
Flower fund				300	(317)	17	0
Legacy Fund			2,000		(2,000)		0
Cole Endowment		income		1,692	(1,692)
Youth activity	fund		547	2,208	(2,208)		547
Donation fund			190	4,123	(4,181)	18	150
Mary Rochford Wade Trust				865			865
			8,282	27,536	25,518	36	10,336
Endowment funds
Cole Endowment		fund	56,511			3,886	60,397
Totalfunds			245,219	187,978	189,556)	9,883	253,524

	2019							2020
Restricted	~Secial	Mission &					Mission &	~Secial	Restricted
Donations	Collections	Outreach					Outreach	Collections	Donations
			CHURCH OVERSEAS MISSION
		1,000	Release				500
			OVERSEAS RELIEFAND DEVELOPMENT
		250	Christian Engineers	in Development
		1,000	FRRME				500
4,566		2,000	Friends ofChildren	in Romania			2000		3045.58
		500	BEATS				500
		500	Samara's Aid Appeal				500
		500	DATUM				500
	231		Christian Aid				250
		250	Send aCow				200
			Disasters Emergency	Committee	(Coronavirus
		250	appeal)				500
	500		Embrace the Middle	East (Christmas		Charity)
			HOME MISSION
		500	The Life Centre				500
		500	Church Urban Fund				250
		250	Sussex Historic Churches Trust				250
	550		Chi Dioc Assn for Family Support (Christmas)				500	150
		450	The College ofStBanabas
		1,000	Chichester Diocese				2000
		500	The Valley Parish (Westboume		Deanery)
	162		Mission to Seafarers	(Laying up	Boats service)		250

	2019	2019							2020
Restricted	~Secial		Mission tk					Mission &	~Secial	Restricted
Donations	Collections		Outreach					Outreach	Collections	Donations
					SECULAR CHARITIES
				920	Bosham Monday Club (Minibus)			920
				50	Sussex Bellringers Association			50
				250	Bishop Luffa School
				230	Chidham School			105
		374			Chichester District Foodbank				475
				350	BVIE
				900	Sage House - Dementia Support			250
		1,000		400	Stonepillow			1000	300
				250	Sussex Snowdrop Trust			250
				900	St Wilfred's Hospice			500
				500	Pastoral donations			630.23
		550			Children's Society (Christmas	Charity)		500	150
25		724			Royal British Legion (Poppy	Appeal	2k wreath)	250	38	25
4,591		4,091		14,200	TOTALS			13,655	1,118	3,071
				22,882	OVERALL TOTAL			17,843
During 'lockdown'		in 2020	Special Collections comprised donations			made electronically		in response	to appeals in	the
Pew Leaflet	or on-line worshi			on the	relevant Sunday