| incumbent | (and | PCC Chair): | Canon Peter Seal | |
|---|---|---|---|---|
| Assistant | Priest: | Revd Mary Copping | ||
| Curate | Revd Liz Stuart |
|||
| Licensed Lay Minister: | Stephen Adam (until 3 March 2021) | |||
| Churchwardens, | StMatthew' s: | Mike Russell-Smith | ||
| Dick Wilkinson | ||||
| Churchwardens, | StPaul's: | Bill Lucas (from 3 February 2021) | ||
| Christopher Seaman |
||||
| Chris Sharp (until 21October 2020) | ||||
| Representatives | on the Deanery Synod: | |||
| Mark Byford (until 21October 2020) | ||||
| Keith Jones (until 21October 2020) | ||||
| Chris Sharp (until 21October 2020) | ||||
| Elected members | ofthe PCC during 2020: | |||
| Amanda Berridge (PCCTreasurer |
until 21October | |||
| 2020) | ||||
| Helen Chambers | ||||
| Kathleen Freeman |
||||
| Alexa Heady | ||||
| Talia Hedstrom | ||||
| Jonathan Jesty | ||||
| Keith Jones (from 21October 2020) | ||||
| Sandra Lewis (from 21October 2020) | ||||
| Anne Odling (until 21October 2020) | ||||
| Linda Russell-Smith |
| Nathalie Schulz (PCC Secretary) |
||
|---|---|---|
| Vicky Scott | ||
| Co-opted members ofthe PCC: | Sandra Lewis (until 21October 2020) | |
| Bill Lucas (until 3February 2021) | ||
| Attends meetings: | Tim Stannard (Chair ofFinance Committee |
and PCC |
| Treasurer from 30November 2020) |
||
| Auditors: | Knight Goodhead Limited, 7 Bournemouth |
Road, |
| Chandler's Ford, Hampshire SOS3 3DA |
| Unrestricted | Unrestricted | Designated | Restricted | Total | Total | |
|---|---|---|---|---|---|---|
| funds | funds | funds | 2020 | 2019 | ||
| Notes | F | f | f | f | f | |
| INCOME | ||||||
| Donations, grants and legacies |
168,564 | 715,000 | 210,299 | 1,093,863 | 621,594 | |
| Income from charitable activities |
18,434 | 26 | 1,828 | 20,288 | 30,598 | |
| Income from other trading activities |
19,443 | 19,443 | 29,454 | |||
| Investment income |
1,604 | 308 | 1,912 | 3,954 | ||
| Total income . |
3 | 208,045 | 715,026 | 212,435 | 1,135,506 | 685,600 |
| EXPENDITURE | ||||||
| Raising funds | 1,082 | 1,082 | 5,860 | |||
| Expenditure on charitable activities |
242,422 | 295,413 | 821,190 | 1,359,025 | 442,086 | |
| Total expenditure | 4 | 242,422 | 295,413 | BZ2,272 | 1,360,10'7 | 447,946 |
| NET INCOME/ (EXPENDITURE) |
(34,377) | 419,613 | (609,837) | (224,601) | 237,654 | |
| BEFORETRANSFERS | ||||||
| TRANSFERS BETWEEN FUNDS | 11 | 74,502 | (74,971) | 469 | ||
| NET INCOME / (EXPENDITURE) | ||||||
| BEFOREOTHER GAINS | 40,125 | 344,642 | (609,368) | (224,601) | 237,654 | |
| GAINS ON INVESTMENT ASSETS | 3,449 | 3,449 | 7,555 | |||
| NET MOVEMENT IN FUNDS |
43,574 | 344,642 | (609,368) | (221,152) | 245,209 | |
| FUND BALANCES AT1JANUARY 2020 | 100,398 | 195,004 | 623,040 | 918,442 | 673,233 | |
| FUND BALANCES AT31 DECEMBER 2020 | 11 | 143,972 | 539,646 | 13,672 | 697,290 | 918,44Z |
| COMPARATIVE STATEMENT OF FINANCIAL FOR THE YEAR ENDED 31DECEMBER2019 |
ACTIVITIES | |||
|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Tote I | |
| funds | funds | funds | 2019 | |
| E | F. | |||
| INCOME | ||||
| Donations, grants and legacies |
163,923 | 29,466 | 428,205 | 621,594 |
| Income from charitable activities |
18,281 | 12,31? | 30,598 | |
| Income from other trading activities |
29,454 | 29,454 | ||
| Investment income |
3,298 | 656 | 3,954 | |
| Totai income | 214r956 | 29i466 | 441~178 | 685~600 |
| EXPENDITURE | ||||
| Raising funds | 5,860 | 5,860 | ||
| Expenditure on charitable activities |
229,182 | 77,074 | 135,830 | 442,086 |
| Total expenditure | 229,182 | 77,074 | 141,690 | 447,946 |
| NET {EXPENDITURE) /INCOME | (14,226) | {47,608) | 299,488 | 237,654 |
| BEFORETRANSFERS | ||||
| TRANSFERS BETWEEN FUNDS | (6,930) | (51) | 6,981 | |
| NET (EXPENDITURE) / INCOME | ||||
| BEFORE OTHER GAINS/(LOSSES) | (21,156) | (47,659) | 306,469 | 237,654 |
| GAINS ON INVESTMENT ASSETS | 7,555 | |||
| NET MOVEMENT IN FUNDS |
(13,601) | (47,659) | 306,469 | 245,209 |
| FUND BALANCES AT 1JANUARY 2019 | 113,999 | 242,663 | 316,571 | 673,233 |
| FUNID BALANCES AT31DECEMBER2019 | 100,398 | 195,004 | 623,040 | 918,442 |
| 2020 | ||||||
|---|---|---|---|---|---|---|
| Notes | E | E | ||||
| FIXEDASSETS | ||||||
| Tangible assets | 59,045 | |||||
| CURRENT ASSETS | ||||||
| Debtors | 8 | 219,947 | 204,532 | |||
| Investments | 9 | 53,860 | 48,930 | |||
| Cash at bank and | in hand | 445,343 | 663,725 | |||
| 719,150 | 917,187 | |||||
| CREDITORS: amounts | falling | |||||
| due within one year | 10 | (80,905) | (10,737) | |||
| NET CURRENT ASSETS | 638,245 | 906,450 | ||||
| NET ASSETS | 697,796 | 918,442 | ||||
| 11-13 | ||||||
| Unrestricted: | ||||||
| Designated | 539,646 | 195,004 | ||||
| Other unrestricted | 143,972 | 100,398 | ||||
| 683,618 | 295,402 | |||||
| Restricted | 13,672 | 623,040 | ||||
| TOTALFUNDS | 697.1911 | 916.661 | ||||
| Signed on behalf of | the PCC by: |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | 6 | ||||||
| NET CASH FLOW PROVIDED BY | OPERATING | ACTIVITIES | (168,199) | 113,866 | |||
| CASH FLOWS FROM INVESTING | ACTIVITIES | ||||||
| Interest received | 431 | 2,558 | |||||
| Purchase offixed assets | (50,051) | ||||||
| CASH FLOWS FROM FINANCING | ACTIVITIES | ||||||
| Diocesan loan received | 70,000 | ||||||
| Repayment ofdiocesan loan |
(70,000) | ||||||
| Interest paid | (563) | ||||||
| NET CASH FLOW | 2 | (218,382) | |||||
| The charity had 6nil debt at the | beginning | and end ofthe year. | |||||
| NOTES TO THE CASHFLOW | STATEMENT FOR THE YEAR ENDED 31DECEMBER 2020 | ||||||
| 1 | RECONCILIATION OF NET MOVEMENT |
IN FUNDS TO NET CASN FLOW FIIOM | OPERATING ACTIVITIES | ||||
| 2020 | |||||||
| 6 | |||||||
| Net movement in funds for the |
year | (221,152) | 245,209 | ||||
| Investment income |
(1,912) | (3,954) | |||||
| Depreciation | 2,998 | 2,998 | |||||
| Increase in debtors | (15,415) | (51,230) | |||||
| Increase/(decrease)in creditors |
70,168 | (71,602) | |||||
| Increase in investment assets |
(3,449) | (7,SSS) | |||||
| Interest paid | 563 | ||||||
| Net cash flaw from operating | activities | (168,199) | 113,866 | ||||
| 2 | NET CASH AND CASH EQUIVALENTS IVIOVEMENT | 2020 | |||||
| 6 | |||||||
| Cash at the end ofthe year Cash at start ofthe year |
445,343 663,725 |
663,725 547,301 |
|||||
| (Decrease)/increase in cash in |
the year | (218,382) | 116,424 |
| 3 | INCOME | Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|---|---|
| funds | funds | 2020 | 2019 | |||||
| E | E | 6 | ||||||
| Donations, grants and legacies | ||||||||
| Regular giving | 121,448 | 5,845 | 127,293 | 135,155 | ||||
| Collections | 1,298 | 1,298 | 7,290 | |||||
| Envelopes | 1.171 | 1171 | 6,212 | |||||
| Donations | 12,787 | 24,647 | 37,434 | 109,614 | ||||
| Legacies | 715,000 | 715,000 | 27,793 | |||||
| Gift aid | 28,125 | 6,420 | 34,545 | 57,636 | ||||
| Grant income | 3,735 | 173,387 | 177,122 | 277,894 | ||||
| 883,564 | 210,299 | 1,093,863 | 621,594 | |||||
| Income from charitable | activities | |||||||
| Parochial fees | 5,102 | 5,102 | 6,777 | |||||
| Parish 8 Family Activities | income | 309 | 309 | 3,069 | ||||
| Community Ik Fundraising |
Event income | 523 | 523 | 8,440 | ||||
| Miscellaneous Sales income |
4,740 | 4,740 | 2,350 | |||||
| Magazine sobs | 848 | 848 | 1,094 | |||||
| Hire St Pauls Preschool | 7,369 | 7,369 | 5,008 | |||||
| Youth and Children's | work | income | 92 | 92 | 169 | |||
| St Pauls Flowers income | 372 | |||||||
| Friends Subscription | income | 1,305 | 1,305 | 1,410 | ||||
| Friends Event income | 1,909 | |||||||
| 18,460 | 1,828 | 20,288 | 30,598 | |||||
| income from other trading | activities | |||||||
| Magazine adverts |
836 | 836 | 868 | |||||
| Facilities Hire | 5,923 | 5,923 | 9,105 | |||||
| Hire Florian Dance School | 3,103 | 3,103 | 8,387 | |||||
| Parking | 9,581 | 9,581 | 11,094 | |||||
| 19,443 | 19,443 | 29,454 | ||||||
| Investment income |
||||||||
| Interest | 123 | 308 | 431 | 2,558 | ||||
| Dividends | 1,481 | 1,481 | 1,396 | |||||
| 308 | 1,912 | 3,954 | ||||||
| TOTAL INCOME | 923,071 | 21.2,435 | 1,135,506 | 685,600 |
| 4 | EXPENDITURE | Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | 2020 | 2019 | ||||
| CHARITABLE ACTIVITIES | E | E | E | E | |||
| Raising funds | |||||||
| Fundraising costs |
1,082 | 1,082 | 5,860 | ||||
| 1,082 | 1,082 | S,860 | |||||
| Expenditure on charitable |
activities | ||||||
| Parish Share | 120,000 | 120,000 | 116,332 | ||||
| Parochial Fees- Diocesan | Share | 3,911 | 3,911 | 3,556 | |||
| Parish & Family Activities | expenditure | 453 | 453 | 5,382 | |||
| Printing, postage |
and stationery | 3,767 | 3,767 | 5,498 | |||
| Computer running |
expenses | 1,250 | 1,250 | 887 | |||
| Insurance | 5,051 | 5,051 | 5,394 | ||||
| Admin salaries | 35,396 | 35,396 | 33,846 | ||||
| Working costs | 5,980 | 5,980 | 6,354 | ||||
| Maintenance | 22,930 | 22,930 | 9,025 | ||||
| Cleaning and gardening Utilities |
6,028 5,011 |
6,028 5,011 |
5,778 6,909 |
||||
| Music | 1,874 | 1,874 | 3,837 | ||||
| Professional fees | 3,000 | 3,000 | 6,000 | 1,800 | |||
| Youth & Children's | work | expenditure | 17,285 | 17,285 | 17,099 | ||
| Mission giving Other giving St Pauls Flowers expenditure |
9,704 600 89 |
9,704 600 89 |
10,100 100 584 |
||||
| Music as mission | expenditure | 4,956 | 4,956 | 4,381 | |||
| Building for Life expenditure Bank charges |
292,453 55 |
812,616 55 |
1,105,069 110 |
202,226 | |||
| Diocesan loan interest | 563 | 563 | |||||
| Depreciation | 2,998 | 2,998 | 2,998 | ||||
| 537,835 | 821,190 | 1,359,025 | 442,086 | ||||
| Total expenditure | 537,835 | 822,272 | 1,360,107 | 447,946 |
| 2020 | ||||
|---|---|---|---|---|
| USPG | 1,500 | 1,000 | ||
| CMS | 1,500 | 1,000 | ||
| Other regular giving from own funds | 7,304 | 8,200 | ||
| 10,304 | 10,200 | |||
| Amounts collected on behalf ofother charities this year were as follows: |
||||
| Christian | Aid | S,216 | ||
| Partners | for change Ethiopia | 374 | ||
| St Martins in the Fields Appeal |
220 | |||
| Childrens | Society | 114 | ||
| Hampshire and Islands Historic Churches Trust |
695 | |||
| Winchester Hospice |
695 | |||
| 1,390 | 5,924 | |||
| 6 | EMPLOYED | STAFF COSTS AND NUMBERS | ||
| 2020 | ||||
| f | ||||
| Salaries and | wages | 62,096 | 63,214 | |
| Employer's | pension costs | 2,072 | 2,007 | |
| 64,168 | 65,221 |
| 7 TANGIBLE ASSETS | |||||
|---|---|---|---|---|---|
| Church | Fixtures and | IT | |||
| Total | |||||
| organ | Fittings | Equipment | |||
| f | f | ||||
| COST | |||||
| At beginning ofyear |
14,990 | 14,990 | |||
| Additions | 43,071 | 6,980 | 50,051 | ||
| At end ofyear | 14,990 | 43,071 | 6,980 | 65,041 | |
| DEPRECIATION | |||||
| At beginning ofyear |
2,998 | 2,998 | |||
| Charge | 2,998 | 2,998 | |||
| At end ofyear | 5,996 | 5,996 | |||
| NET BOOK VALUE | |||||
| At end ofyear | 8,994 | 43,071 | 6,980 | 59,045 | |
| At beginning ofyear |
11,992 | 11,992 | |||
| 8 DEBTORS | 2020f | 2019 f |
|||
| Other debtors | 14,881 | 39,514 | |||
| Prepayments and accrued income |
205,066 | 165,018 | |||
| 229,942 | 294,992 | ||||
| 9 INVESTMENTS | 2020 f |
2019 f |
|||
| Investments | 53,860 | 48,930 | |||
| 53,860 | 48,930 | ||||
| 10 CREDITORS: amounts | falling due within one year | ||||
| Trade creditors | 656 | 1,072 | |||
| Taxation and social security | 346 | ||||
| Agency collections Accruals |
79,377 | 1,297 5,576 |
|||
| Deferred income | 526 | 2,792 | |||
| 80,905 | 10,737 |
| Balance at | Transfers | Balance at | |||||
|---|---|---|---|---|---|---|---|
| 1fanuary | between 31December | ||||||
| 2020 | Income | Expenditure | funds | 2020 | |||
| f | f | f | |||||
| Restricted funds | |||||||
| Building for | Life | 606,831 | 210,486 | (817,317) | |||
| Children's Work |
11,099 | 11,099 | |||||
| Music as Mission | 4,486 | (4,955) | 469 | ||||
| Friends ofSt Matthew | with St Paul | 624 | 1,549 | 2,173 | |||
| St Matthew' | s | 400 | 400 | ||||
| 623,040 | 212,435 | (822,272) | 469 | 13,672 | |||
| Designated | funds | ||||||
| Wilkins Bequest | 91,910 | 26 | (91,965) | 29 | |||
| Capital Fund | 11,992 | (2,998) | 50,051 | 59,045 | |||
| Building for | Life | 91,102 | (200,450) | 125,000 | 15,652 | ||
| Scott Bequest | 715,000 | (250,051) | 464,949 | ||||
| 195,004 | 715,026 | (295,413) | (74,971) | 539,646 | |||
| Unrestricted | funds | 100,398 | 211,494 | (242,422) | 74,502 | 143,972 | |
| Total funds | 918,442 | 1,138,955 | (1,360,107) | 697,290 |
| Baiance at | Transfers | Balance at | |||||
|---|---|---|---|---|---|---|---|
| 1January | between 31 | December | |||||
| 2019 | Income | Expenditure | funds | 2019 | |||
| E | |||||||
| Restricted funds | |||||||
| Building for | Life | 293,823 | 436,598 | (136,071) | 12,481 | 606,831 | |
| Children's Work |
11,417 | 1,000 | (1,318) | 11,099 | |||
| Music as IVlission | 8,787 | {4,301) | 4,486 | ||||
| Friends ofSt Matthew | with St Paul | 2,544 | 3,580 | (5,500) | 624 | ||
| 316,571 | 441,178 | {141,690) | 6,981 | 623,040 | |||
| Designated funds Wilkins Bequest |
164,313 | 1,673 | (74,076) | 91,910 | |||
| Capital Fund | 14,990 | (2,998) | 11,992 | ||||
| Building for | Life | 63,360 | 27,793 | (51) | 91,102 | ||
| 242,663 | 29,466 | (77,074) | (51) | 195,004 | |||
| Unrestricted | funds | 113,999 | 222,511 | {229,182) | (6,930) | 100,398 | |
| Total funds | 673,233 | 693,155 | (447,946) | 918,442 |
| ANALYSIS OF FUNDS | Other | ||||
|---|---|---|---|---|---|
| Restricted | Designated | unrestricted | Total | ||
| funds | funds | funds | 2020 | ||
| Fund balances asat31December 2020are represented | by: | E | E | E | E |
| Tangible fixed assets | 59,045 | 59,045 | |||
| Investments | 53,860 | 53,860 | |||
| Other current assets | 46,672 | 518,101 | 100,517 | 665,290 | |
| Current liabilities |
(33,000) | (37,500) | (10,405) | (80,905) | |
| 13,672 | 539,646 | 143,972 | 697,290 | ||
| Other | |||||
| Restricted | Designated | unrestricted | Total | ||
| funds | funds | funds | 2019 | ||
| Fund balances asat31December 2019are represented | by: | E | |||
| Tangible fixed assets | 11,992 | 11,992 | |||
| Investments | 48,930 | 48,930 | |||
| Other current assets | 623,040 | 183,012 | 62,205 | 868,257 | |
| Current liabilities | (10,737) | (10,737) | |||
| 623,040 | 195,004 | 100,398 | 918,442 |