2021-12-31-accounts

		Contents
			Page
Annual report
Statement offinancial	activities
Balance sheet
Notes to the financial	statements
Report ofthe independent		examiner	15
Charitable Giving

								Total	Total
					Unrestricted	Restricted	Endowment	Funds	Funds
					Funds	Funds	Funds	2021	2020
				Notes
Income and endowments		from:
Donations and legacies				2a	123,501	19„611		143,112	156,532
Charitable activities				2b	11,005	8„478		19,483	9,014
Trading activities				2c	10,797			10,797	11,573
Investments				2d	8,193	2„422		10,614	10,859
Total income					153,495	30,511		184,006	187,978
Expenditure on:
Raising funds				3a	74			74	403
Charitable activites				3b	135,454	26,559		162,013	174,899
Other trading activites				3c	10,037			10,037	8,479
Other				3d		(240)		(240	5,775
Total expenditure					145,565	26„319		171,884	189,556
Net income					7,930	4,192		12,123	(1,578)
Transfers between	funds - in				13,198	1„375		14,573	14,176
Transfers between	funds - out				(14,428)	(145)		(14,573)	(14,176)
Other recognised	gains
Gains/(losses) on revaluation			of
investments				Sb	13,333		8,640	21,973	9,883
Net movement in	funds				20,034	5,422	8,640	34,096	8,305
Reconciliation of	funds:
Total funds brought	forward		at
1st January 2021					182,789	10,335	60,399	253,524	245,219
Total funds carried forward at
31stDecember 2021					202,823	15.,758	69,039	287,620	253,524

							2021	2020
					Notes
Fixed	assets
	Freehold land and		buildings		sa		1	1
	Investments				5b		106,538	93,205
	Endowed investments				5b		69,036	60,397
Total	fixed assets						175,575	153,602
Current assets
	Debtors				7	5,000		357
	Short term deposits					93,844		91,140
	Cash at bank					14,691		18,311
							113,535	109,808
Current liabilities
	Creditors: amounts		falling due within	one year	8		(1,490)	(9,886)
Net current assets							112,045	99,922
Total	assets less liabilities						287,620	253,524
Funds					10
	Unrestricted	funds
	general					154,211		140,441
	designated					48,614		42,351
							202,826	182,792
	Restricted funds						15,758	10,336
	Endowment	funds					69,037	60,397
Total	funds						287,620	253,524

2	Analysis ofincome and		endo	wments
							Total	Total
					Unrestricted	Restricted	Funds	Funds
					Funds	Funds	2021	2020
a	Donations and legacies
	Planned giving (excl tax		refunds)		82,405		82,405	81,792
	Planned giving (no tax refunds)				7,383		7,383	6,567
	Collections at aII services				453	1,100	1,553	772
	Collections at concerts				376		376	401
	Special appeals &specific donations					10,667	10,667	16,017
	Bosham Youth Group fundraising
	Gift Aid tax recoverable				21,102	441	21,543	24,125
	Grants				596	7,402	7,998	6,116
	Legacies & 'in memoriam'		donations
	General donations				5,285		5,285	17,476
	Donations from Church	visitors			5,901		5,901	3,266
					123,501	19,611	143,112	156,532
b	Charitable activi res
	Bosham Youth Group activities					3,360	3,360	2,208
	Parochial Fees from weddings,			funerals	9,924	100	10,024	6,206
	Other income from weddings,			funerals	1,081	5,018	6,099	600
					11,005	8,478	19,483	9,014
c	Trading activities
	Fete, concerts and events							29
	StNicholas Hall lettings				6,449		6,449	4,918
	Magazine subscriptions				3,092		3,092	3,335
	Magazine advertisement		income		1,256		1,256	3,290
					10,797		10,797	11,573
d	Investment income
	StNicholas flat rental				6,069		6,069	6,008
	Interest and investment	income			2,124	2,422	4,546	4,851
					8,193	2,422	10,614.4	10,859
	Total received on all funds				153,495	30,511	184,006	187,978

				NOTES TO THE	FINANCIAL STA	TEMEN	TS
3	Analysis ofexpenditure			on:
								Total	Total
					Unrestricted	Restricted		Funds	Funds
					Funds	Funds		2021	2020
a	Raising funds
	Stewardship costs				74			74	292
	Bookstall expenses								49
	Concerts and event expenses								62
					74			74	403
b	Charitable activities
	Charitable giving				9,586	4,709		14,295	17,843
	Diocesan parish share				74,300	1,752		76,052	75,727
	Local mission and outreach				818			818	1,305
	Vicarage expenses				4,049			4,049	13,860
	Church running expenses				9,344	1,375		10,719	6,980
	Church maintenance				5,816			5,816	4,882
	Expenses ofservices				8,276			8,276	7,777
	Expenses ofweddings,		funeral		839	4,974		5,812	628
	Church enhancements				1,305		175	1,481	4,420
	Church major repairs				2,867	10,838		13,705	14,880
	Costs ofchurchyard	and		burial ground	3,100			3,100	6,086
	Youth work				164	2,736		2,900	6,572
	Clergy working expenses				2,856			2,856	2,302
	Administrative expenses				11,313			11,313	10,893
	Bank charges				641			641	564
	Independent examination			fee	180			180	180
					135,454	26,559		162,013	174,899
c	Tradkng activites
	StNicholas Hall running			costs	4,951			4,951	5,311
	StNicholas Hall maintenance				1,498			1,498	30
	Fete expenses								20
	Parish magazine				3,588			3,588	3,118
					10,037			10,037	8,479
d	Other
	Sacristy/boiler room	project				(240		(240)	5,775
	Total resources expended				145,565	26,319		171,884	14,253

Funds	held in reserve are invested in CBFinvestment fun	ds and revalued at the y	ear end.
		Reserve	Endowment
		Funds	Fund
Market	value at 1stJanuary 2021	93,205	60,396
Gains	on revaluation at 31stDecember 2021	13,333	8,640
Market	value at 31stDecember 2021	106,538	69,036

Analysis	ofnet assets by fund
						Total	Total
		Unrestricted	Restricted		Endowment	Funds	Funds
		Funds	Funds		Funds	2021	2020
Freehold	land and buildings	I				I	I
Investments		41,135	65,403		69,037	175,574	153,601
Current Current	assets liabilities	162,849 1,159	(49,313) 331			113,535 1,490	109,808 ~(9,886
		202,825	15,758		69,037	287,620	253,524
Debtors						2021	2020
Income	tax recoverable					5,000
Prepayments							357
						5,000	357

8	Creditors: amounts	Creditors: amounts	falling	falling	due within	one year			2021	2020
	Deferred income								414	5,800
	Accruals for utilities								865	455
	Other creditors								211	3,631
									1,490	9,886
9	Comparatives for	the statement offinancial activities
									Total
						Unrestricted	Restricted	Endowment	Funds
						Funds	Funds	Funds	2020
	Income and endowments			from:
	Donations and legacies					133,827	22,705		156,532
	Charitable activities					6,506	2,508		9,014
	Trading activities					11,573			11,573
	Investments					8,536	2,323		10,859
	Total income					160,442	27,536		187,978
	Expenditure on:
	Raising funds					403			403
	Charitable activites					152,286	22,613		174,899
	Other trading activites					8,479			8,479
	Other					2,870	2,905		5,775
	Total expenditure					164,038	25,518		189,556
	Net income					(3,596)	2,018		(1,578)
	Other recognised	gains
	Gains/(losses) on revaluation				of
	investments					5,996		3,887	9,883
	Transfers between	funds				(35)	35
	Net movement in	funds				2,365	2,053	3,887	8,305
	Reconciliation offunds:
	Total funds brought		forward		at 1st
	January 2020					180,425	8,282	56,512	245,219
	Total funds carried		forward at 31st
	December 2020					182,790	10,335	60,399	253,524