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2020-12-31-accounts

The Parochial The Parochial Church Council comprises either (a) exofficio members Church Council comprises either (a) exofficio members Church Council comprises either (a) exofficio members or members or members elected by elected by the AnnualParochial AnnualParochial AnnualParochial Church
Meeting and
served on the		 (b) co-opted members.
All members
of the PCC are Trustees
PCC for the whole ofthe period from 1"January 2020 to 27'		 of the Charity.
The individuals
listed
April 2021 unless indicated
otherwise		 below
either
by the end of the term ofoffice or resignation.
Vicar Revd. Thomas Wharton
Associate Priest Revd. Sally Womersley
(from 1"March 2020)
Assistant Curates Revd. Nik Gower (until
1Sw March 2020)
Revd. Lee Thompson
(from 4w October 2020)
Revd. Paul Hollingworth
(Self-supporting
Minister)
Churchwardens Mrs Janet Wallace (until 9'" September 2020 and also on Deanery Synod until that date)
Mr Christopher
Pritchard
Miss Julie Carlton
MBE (from 9'" September 2020)
Deanery Synod Miss Julie Carlton
MBE(PCC Secretary) and Mrs		 Jane Horne (both to 9'" September 2020)
Mrs Patricia Kerridge,
Mrs Adrienne
Mordan,
Dr Patricia Brown (from 9'" September 2020)		 Mrs Elizabeth Wagner and Mr Anthony Cross.
The current terms ofoffice ofthe Deanery Synod Representatives terminate at the 2023 APCM.
Councillors Name End ofterm
Mr David Bibby APCM 2023
Dr Patricia Brown (until 9'" September 2020)
Mr Tim Burbidge APCM 2021
Mr Colin Davis (from 9'" September 2020) APCM 2022
Mr John Easton (from 9'" September
2020)		 APCM 2022
Mr Paul Ellis (from 9w September
2020)		 APCM 2023
Mr John Gould APCM 2021
Mrs Diane Hargreaves
Mr Nigel Herriott
(from 9"September 2020)		 APCM
APCM		 2021
2023
Mr David Johnson APCM 2021
Mrs Pam Leech (PCC Secretary from 9'" September 2020)
Mr Rhys Lewis (Co-opted
until 9"September 2020)		 APCM
APCM		 2023
2023
Mr David Newman APCM 2022
Mr Michael Prince APCM 2022
Mr Paul Quinnell
(from September 2020)		 APCM 2023
Mr lan Russell APCM 2020
Mrs Brenda Tribe (Co-opted) APCM 2020
Mrs Sue Tofts APCM 2021
Timothy
Rogerson		 FCA serves as Treasurer to the PCC, although
he is not a Trustee		 or member of the PCC.

Notes 2020 2020 2020 2020 2019
Unrestricted Restricted Endowment Total Total
Funds Funds Funds Funds Funds
E E E f E
Income and endowments from
Donations
and legacies		 2a 313,570 31,817 5,140 350,527 397,810
Activities for generating funds 2b 8,434 6,463 14,897 65,602
Income from church activities 2c 34,348 11,113 45,461 75,788
Investment
income		 2d 76,329 12,526 88,855 89,003
432,681 61,919 5,140 499,740 628,203
Expenditure
on
Church activities 3a 405,668 55,872 461,540 553,075
Fundraising
osts		 3b 99 5,185 5,284 6,696
405,767 61,057 466,824 559,771
Net income before investment gains 26,914 862 5,140 32,916 68,432
Gains and losses on investments 1,897 24,045 170,207 196,149 448,989
Net income before transfers 28,811 24,907 175,347 229,065 517,421
Transfer between
funds		 10,000 (10,000)
Net movement
in funds		 38,S11 14,907 175,347 229,065 517,421
Funds brought
forward at		 1January 2020 335,496 600,571 2,461,025 3,397,092 2,879,671
Funds carried forward at 31December 2020 3'74,307 615,478 2,636,372 3,626,157 3,397,092
Notes 2020 2020 2019 2019
E E F 6
Fixed assets
Investments 3,134,741 2,926,575
Current assets
Stock 14,167 14,497
Debtors 40,697 93,302
Cash at bank and in hand 456,680 414,403
511,544 522,202
Creditors: amounts falling due
within one year 20,128 51,685
iVet current assets 491,416 470,517
Net assets 3,626,157 3,397,092
Funds
Unrestricted
funds
General fund 93,606 78,302
Designated funds 280,701 257,194
374,307 335,496
Endowment
funds		 2,636,372 2,461,025
Restricted funds 615,478 600,571
Totalfunds 3,626,157 3,397,092

2020 2020 2019 2019
6 6
Net cash from operating
activities		 (below) (33,428) (37,270)
Cash flows from investing
activities
Dividends
and interest from investments		 87,722 87,948
Purchase offixed asset investments (12,017) (8,287)
Net cash provided
by investing
activities		 75,705 79,661
Change
in cash and cash equivalents		 in the year 42,277 42,391
Cash and cash equivalents
at 1January 2020		 414403 372,012
Cash and cash equivalents
at 31December 2020		 456,680 414,403
Reconciliation
ofnet income before		 investment gains
to net cash provided
by operating
activities
Net income before investment
gains		 32,916 68,432
adjustments
for:
Dividends
and interest from investments		 (88,855) (89,003)
Decrease/(increase)
in debtors		 53,738 (17,318)
Decrease in stocks 330 259
(Decrease)/increase
in creditors		 (31557) 360
Net cash used by operating
activities		 (33,428) (37,270)
Analysis of cash and cash equivalents
Cash at bank and in hand 456,680 414,403

2.Income and endowments
2020 2020 2020 2020 2019
unrestricted Restricted Endowment Total Total
Funds Funds Funcls Funds Funds
E E E E E
a) Donations
and legacies
Planned
giving		 153,716 4,642 158,358 163,336
Income tax recoverable 43,621 523 44,144 44,872
Collections at services 27,385 27,385 42,001
Other grants and donations 41,475 18,323 59,798 100,999
Fabric fund grants and donations 8,329 8,329 28,602
Legacies 47,373 5,140 52,513 18,000
313,570 31,817 5,140 350,527 397,810
b) Activities for generating funds
Christmas
fair		 5,621
Social Committee
activities		 452 452 6,573
StSwithuns'
activities		 500 500 1,DDD
Video team 120 120 3,460
6iftsta
I I sa Ias		 6,229 6,229 10,738
Music in Romsey fees 1,72D 1,720 17,411
Church rooms income 4,252 4,252 14,969
Other fundra
ising activities		 1,390 234 1,624 5,83D
8,434 6,463 14,897 65,602
c) Income from Church activities
Candles 2,362 2,362 3,487
Fees for Carol Services 443 443 10,080
income from Parish Magazine 7,314 7,314 4,000
Bookstall sales 2,122 2,122 5,760
Other church activities 17,615 1,677 19,292 13,058
Fees for Church. Services 13,928 13,928 39,403
34,348 11,113 45,461 75,788
d) Investment
income
Interest receivable 51 51 120
Dividends
and distributions		 76,329 12,475 88,804 88,883
76,329 12,526 88,855 89,003
Total incoming resources 432,681 61,919 5,140 499,740 628,203

3.Resources expended 3.Resources expended
2020 2020 2020 2020 2019
Unrestricted Restricted Endowment Total Total
Funds Funds Funds Funds F un cia
f E f f F.
ai Church activities
Missionary
and charitable		 giving 16,108 7,937 24,045 24,841
Diocesan Share 210,682 210,682 209,178
Vicar's expenses 25 25 224
Other clergy expenses 2,889
Office costs 11,601 11,601 9,984
Abbey heating 8,080 8,080 11,098
Abbey lighting 6,028 6,028 10,826
Abbeyinsurance 16,893 16,893 19,302
StSwithun's
expenses		 2,245 2,245 2,908
Repairs and security 9,019 9,019 10,462
Organ tuning
and		 maintenance 3,652
Organ restoration
Cleaning, water and churchyard 2,030 2,030 3,024
Church service costs 1,262 2,429 3,691 3,919
Bookstall purchases 1,573 1,573 3,805
Education
and training		 1,724
Abbey School 3,030 1,571 4,601 4,543
Church rooms expenditure 1,911 1,911 10,648
Salaries 87,158 14,956 102,114 102,772
Fabnc and Capital expenditure 11,087 16,110 27,197 36,371
Choir and music 5,557 4,789 10,346 23,815
Parish Magazine costs 6,507 6 r507
Other expenditure 5,084 5,084 47,760
397,800 55,872 453,672 543,745
Governance
costs
Legal and professional fees 660 660 2,618
Accountancy 2,500 2,500 2,000
Audit fees 4,708 4,708 4,712
Total Governance costs 7,868 7,868 9,330
Total for Church Activities 405,668 55,872 461,540 553,075
b) Fundraising
costs
Chdstmas
fair		 178
Social committee events 1,210
Other fundraising costs 99 806 905 542
Gift stall purchases 4,379 4,379 4,766
99 5,185 5,284 6,696
Total resources expended 405,767 61,057 466,824 559,771

Staff costs
2020 2019
f f
Wages and salaries 91,817 94,113
Employers'
National		 Insurance 5,403 3,783
Pension costs 4,894 4,876
102,114 102,772
Six (2019:six) people were employed in the year, none ofwhom earned more than f60,000 in either tne current or comparative
years.
No Trustee received		 remuneration in the year (2019:none), but expenses were paid to one Trustee amounting to f25
(2019:three Trustees received f3,113).One Trustee received musician fees amounting to fnil (2019:6485).
614,956(2019:f14,234) ofstaff costs were met by a restdicted fund with the balance and ag trustee expenses
relating to
unrestricted
funds.		 Trustees' expenses are in respect oftravel, subsistence
and training.		 In the view ofthe Trustees there is
no reumerated
key		 management personnel.
Fixed asset investments
2020 2020
Unrestricted Unrestricted 2020 2020 2020
General Designated Restricted Endowment Total
Fund Fund Funds Funds Funds
f f .6 f f
Market value at 1January 2020 7,857 26,089 431,604 2,461,025 2,926,575
Additions 253 6,624 5,140 12,017
Disposals
Revaluation
gains/(losses)		 432 1,465 24,045 170,207 196,149
Market value at31 December 2020 8,542 27,554 462,273 2,636,372 3,134,741
Investments
comprise:		 2020 2019 2020 2019
Units Units f f
General fund
Strangers
Gift Fund		 - CBFInvestment 145.31 141.08 2,971 «,698
Talbot Bequest - CBFInvestment 93.10 90.39 1,904 1,729
Corban Maintenance Fund - CBFFixed 1,417.07 1,371.49 2,397 2,247
Abbey Improvement Fund - CBF Fixed 750.89 726.74 1,270 1,188
8,542 7,857
Capital Fund (Desig notedj
CBFFixed 6,012.87 6,012.87 10,171 9,829
CBFInvestment 850.17 850.17 17,383 16,260
27,554 26,089
TOTAL Unrestricted 36,096 33,946
Fabric Fund (Restricted)
Wheeler Bequest - CBFInvestment 5,152.75 5,002.94 105,357 95,686
Wheeler Bequest - CBF Fixed 21,682.07 21,682.07 36,675 35,444
CBFInvestment 1,854.00 1,854.00 37,908 35,460
Corban Fabric Fund —CBFInvestment 3,097.00 3,097.00 63,323 59,233
Fabric Trust - CBFlove&ment 1,004.78 975.57 20,544 18,659
CBF Fixed 4,227.96 4,227.96 7,152 6,911
Foster Lake Footner Charity —CBF Investment 1,268.00 1,268.00 25,926 24,252
Foster Lake Footner Charity —Recoupment 4,235.73 4,112.58 86,607 78,657
Foster Lake Footner Charity - CBF Deposit 9,895 9,128
Barelays Bank PLC Ordinary shares 8,810.00 8,810.00 12,923 15,826
Carried forwards 406,310 379,256

2020 2019 2020 2019
Investments
comprise:		 Units Units 6 f
Brought forwards 406,310 379,256
Corbon Mointenonce Fond (Restricted)
CBFInvestment 2,737.00 2,737.00 55,963 52,348
TOTAL restricted 462,273 431,604
Robin Bishop Endowment
CBFInvestment 128,938.73 128,674.28 2,636,372 2,461,025
TOTAL investments 3,134,741 2,926,575

Debtors
2020 2019
f 6
Gift aid 6,405 4,742
Other debtors 24,292 68,560
Loan to the Governors, Romsey Abbey Church of England Primary School 10,0DD 20,000
40,697 93302
All amounts fall due within one year (except 610,000ofthe Loan to the Governors, Romsey
Abbey Church of England Primary School in 2D19,which was due in more than one year).
Creditors
2020 2019
f f
Payment due to Winchester Diocesan Board ofFinance 15,000
Other creditors 18,445 33,339
Special collections payable 1,683 3,346
2D,128 51,685

2019 2019 2019 2019
Unrestricted Restdcted Endowment Total
Funds Funds Funds Funds
E E E
Income and endowments from
Donations
and legacies		 273,513 124,297 397,810
Activities for generating funds 54,354 11,248 65,602
Income from church activities 70,028 5,760 75,788
Investment
income		 74,323 14,680 89,003
472,218 155,985 628,203
Expenditure
on
Church activities 440,754 102,991 543,745
Fundraising
costs		 1,930 4,766 6696
442,684 107,757 550,441
Gains and losses on investments 3,505 56,351 389,133 448,989
Net income before transfers 33,039 104,579 389,133 526,751
Transfer between
funds
Net movement
in funds		 33,039 104,579 389,133 526,751
Funds brought forward at 1January 2019 307,992 497,472 1,999,523 2,804,987
Funds carried forward at 31December 2019 341,031 602,051 2,388,656 3,331,738
Additional
comparative		 information for note 2
2019 2019 2019 2019
Unrestricted Restricted Endowment Tatal
Fund- Funds Funds Funds
E E E E
a) Donations and legacies
Planned
giving		 154,670 8,666 163,336
Income tax recoverable 44,100 772 44,872
Collections at services 42,001 42,001
Other grants and donations 14,742 86,257 100,999
Fabric fund grants and donations 28,602 28,602
Legacies 18,000 18,000
273,513 124,297 397,810
bi Activities for gener ating funds
Christmas
fair		 5,621 5,621
2FCommittee
activities		 6,573 6,573
StSwithuns'
activities		 1,000 1,000
Video team 3,460 3,460
Giftstall sales 10,738 10,738
Music in Romsey fees 17,411 17,411
Church rooms income 14,969 14,969
Other fundraising
activities		 5,320 510 5,830
54,354 11,248 65,602

Additional
comporative		 information information for note 2 (continued)
2019 2019 2019 2019
Unrestricted Restricted Endowment Total
Funds Funds Funds Funds
6 6 E 6
c)Income from Church activities
Candles 3,487 3,487
Feesfor Carol Services 10,080 10,080
Income from Parish Magazine 4,000 4,000
Bookstall sales 5,760 5,760
Other church activities 13,058 13,058
Fees for Church Services 39,403 39,403
70,028 5,760 75,788
d) Investment
income
Interest receivable 50 70 120
Dividends
and distributions		 74,273 14,610 88,883
74,323 14,680 89,003
Total incoming resources 472,218 155,985 628,203
Additional
comparativeinformation		 for note 3
a) Church activities
Missionary
and charitable		 giving 18,386 6,455 24,841
Diocesan Share 209,178 209,178
Vicar's expenses 224 224
Othe; clergy expenses 2,889 2,889
Office costs 9,984 9,984
Abbey heating 11,098 11,098
Abbey lighting 10,826 10,826
Abbeyinsurance 19,302 19,302
StSwithun's
expenses		 2,908 2,908
Repairs and secudty 10,462 10,462
Organ tuning
and maintenance		 3,652 3,652
Organ restoration
Cleaning,
water and churchyard		 3,024 3,024
Altar requisites
and lectionaries		 3,919 3,919
Bookstall purchases 3,805 3,805
Education
and training		 1,724 1,724
Abbey School 3,018 1,525 4,543
Church rooms expenditure 10,648 1D,648
Salades 88,538 14,234 102,772
Fabric and Capital expenditure 5,710 30,661 36,371
Choir and music 11,903 11,912 23,815
Other expenditu. e 13,361 34,399 47,760
440,754 102,991 543,745
Governance
costs
Legal and professional fees 2,618 2,618
Accountancy 2,000 2,000
Independent
examination		 fees 4,712 4,712
Total Governance
costs		 9,330 9330
Total for Church Activities 450,084 102,991 553,075

2019 2019 2019 2019
Unrestricted Restricted Endowment Total
Funds Funds Funds Funds
E 6 6
b) Fundraising costs
Christmas fair 178 178
Social committee events 1,210 1,210
Other fundraising costs 542 542
Gift stall purchases 4,766 4,766
1,93D 4,766 6,696
Total resources expended 452,014 107,757 559,771
Comparative information for note 5
2019 2019
Unrestricted Unrestricted 2019 2019 2019
General Designated Restricted Endowment Total'
Fund Fund Funds Funds Funds
6 f 6 6
Market value at 1January 2019 6,842 23,313 367,252 2,071,892 2,469,299
Additions 286 8,001 8,287
Dlsposals
Revaluation gains/(losses) 729 2,776 56,351 389,133 448,989
Market value at 31December 2019 7,857 26,089 431,604 2,461,D25 2,926,575