2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Mary And St Ethelflaeda, Romsey

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The Ecclesiastical	The Ecclesiastical	The Ecclesiastical	Parish of Romsey is part of the Diocese	Parish of Romsey is part of the Diocese	of	Winchester	Winchester	Winchester	the	Church	of	England.	England.	England.	The PCC is a
corporate	body (PCC Powers Measure 1956,Church Representation							Rules 2021)	and a	charity	registered			with the Charity
Commission.		The	information on the front page forms part		ofthis		report.
The Parochial		Church Council comprises either (a) ex-officio			members			or members	elected by		the Annual			Parochial Church
Meeting and served on the		(b) co-opted members. All members of the PCC PCC for the whole ofthe period from 1"January				are Trustees of the Charity. The individuals listed below 2021to 4'" May 2022 unless indicated otherwise either by
the end of	the	term ofoffice or resignation.
Vicar			Revd. Thomas Wharton
Associate	Priest		Revd. Sally Womersley
Assistant	Curates		Revd. Lee Thompson
			Revd. Paul Hollingworth (Self-supporting			Minister)
			Revd. Fiona Jenvey (Self-supporting	Minister)
			Revd. Dr. Mich Lajeunesse (Self-supporting			Minister)
Churchwardens			Mr Christopher Pritchard
			Miss Julie Carlton MBE
Deanery	Synod		Mrs Patricia Kerridge, Mrs Adrienne	Mordan,			Mrs Elizabeth		Wagner and Mr Anthony						Cross.
			Dr Patricia Brown
			The current terms of office of the Deanery			Synod Representatives				terminate		at	the	2024 APCM.
Councillors			Name												End ofterm
			Mr David Auger (from 19'" May 2021)												APCM 2024
			Mr David Bibby												APCM 2023
			Mr Tim Burbidge (until 19'" May 2021)
			Mr Colin Davis												APCM 2022
			Mr John Easton (until 28'" February	2022)
			Mr Paul Ellis												APCM 2022
			Mr John Gould (until 19'" May 2021)
			Mrs Diane Hargreaves												APCM 2024
			Mr Nigel Herriott												APCM 2023
			Miss Chloe Jenvey (from 19'" May 2021)												APCM 2024
			Mr David Johnson												APCM 2024
			Mrs Pam Leech (PCC Secretary)												APCM 2023
			Mr Rhys Lewis												APCM 2023
			Mr Michael Prince												APCM 2022
			Mr Paul Quinnell												APCM 2023
			Mr Martin Seymour (from 19'" May	2021)											APCM 2024
			Mrs Sue Tofts (until 19'" May 2021)

			Notes	2021	2021	2021	2021	2020
				Unrestricted	Restricted	Endowment	Total	Total
				Funds	Funds	Funds	Funds	Funds
				f	f	f	f	f
Income and endowments	from
Donations and legacies Activities for generating funds Income from church activities			2a 2b 2c	257,048 24,907 46,758	86,806 10,393 13,926	21,000	364,854 35,300 60,684	350,527 14,897 45,461
Investment income			2d	78,843	14,151		92,994	88,855
				407,556	125,276	21,000	553,832	499,740
Expenditure on Church activities			3a	396,528	110,680		507,208	461,540
Fundraising costs			3b	685	3,331		4,016	5,284
				397,213	114,011		511,224	466,824
Net income before investment		gains		10,343	11,265	21,000	42,608	32,916
Gains and losses on investments				2,294	56,800	380,673	439,767	196,149
Net income before transfers				12,637	68,065	401,673	482,375	' 229,065
Transfer between funds				4,800	(4,800)
Net movement in funds				17,437	63,265	401p673	482,375	229,065
Funds brought forward at	1January 2021			374,307	615,478	2,636,372	3,626,157	3,397,092
Funds carried forward at	31December 2021			391,744	678,743	3,038,045	4,108,532	3,626,157

		2021 f	2021 f	2020 f	2020 f
Fixed assets Investments			3,603,902		3,134,741
Current assets Stock		11,510		14,167
Debtors		72,763		40,697
Cash at bank and	in hand	450,661		456,680
		534,934		511,544
Creditors: amounts within one year	falling due	30,304		20,128
Net current assets			504,630		491,416
Net assets			4,108,532		3,626,157
Funds
Unrestricted funds
General fund		58,290		93,606
Designated funds		333,454		280,701
			391,744		374,307
Endowment funds Restricted funds			3,038,045 678,743		2,636,372 615,478
Total funds			4,108,532		3,626,157

					2021	2021	2020	2020
					f	f	f	f
Net cash from operating activities				(below)		(68,749)		(33,428)
Cash flows from investing activities
Dividends and interest from investments		and deposits			92,124		87,722
Purchase offixed asset investments					(29,394)		(12,017)
Net cash provided by investing activities						62,730		75,705
Change in cash and cash equivalents	in	the year				(6,019)		42,277
Cash and cash equivalents at 1January		2021				456,680		414,403.
Cash and cash equivalents at 31December 2021						450,661		456,680
The charity had no debt at either the	beginning		orthe	end ofthe year.
Reconciliation ofnet income before	investment		gains
to net cash provided by operating activities
Net income before investment gains						42,608		32,916
Adjustments for: Dividends and interest from investments						(92,994)		(88,855)
(Increase)/decrease in debtors Decrease in stocks						(31,196) 2,657		53,738 330
Increase/(decrease) in creditors						10,176		(31,557)
Net cash used by operating activities						(68,749)		(33,428)
Analysis ofcash and cash equivalents Cash at bank and in hand						450,661		456,680

2.Income and endowments
			2021	2021	2021	2021	2020
			Unrestricted	Restricted	Endowment	Total	Total
			Funds	Funds	Funds	Funds	Funds
			f	f	f	E	E
a) Donations and legacies
Planned giving			157,740	6,817		164,557	158,358
Income tax recoverable			44,392	517		44,909	44,144
Collections at services			21,465			21,465	27,385
Other grants and donations		(note 12)	30,386	77,003		107,389	59,798
Fabric fund grants and donations				2,469		2,469	8,329
Legacies			3,065		21,000	24,065	52,513
			257,048	86,806	21,000	364,854	350,527
b) Activities for generating	funds
Christmas fair			4,582			4,582
Social Committee activities							452
St Swithuns' activities			250			250	500
Video team			7,035			7,035	120
Giftstall sales				9,833		9,833	6,229
Music in Romsey fees			9,348			9,348	1,720
Church rooms income			3,185			3,185	4,252
Other fundraising activities			507	560		1,067	1,624
			24,907	10,393		35,300	14,897
c) Income from Church activities
Candles			2,636			2,636	2,362
Fees for Carol Services			4,533			4,533	443
Parish Magazine income				6,849		6,849	7,314
Bookstall sales				3,432		3,432	2,122
Other church activities			14,509	3,645		18,154	19,292
Fees for Church Services			25,080			25,080	13,928
			46,758	13,926		60,684	45,461
d) Investment income
Interest receivable			42	10		52	51
Dividends and distributions			78,801	14,141		92,942	88,804
			78,843	14,151		92,994	88,855
Total incoming resources			407,556	125,276	21,000	553,832	499,740

3.Resources expended		2021	2021	2021	2021	2020
		Unrestricted	Restricted	Endowment	Total	Total
		Funds	Funds	Funds	Funds	Funds
		E	E	E	E	E
a) Church activities Missionary and charitable Payments to Diocese Vicar's expenses Other clergy expenses Office costs	giving	19,899 198,259 131 10,300	251		20,150 198,259 131 10,300	24,045 210,682 25 11,601
Abbey heating Abbey lighting Abbey insurance StSwithun's expenses Repairs and security Organ tuning and maintenance Cleaning, water and churchyard Church service costs		8,560 7,884 16,798 2,139 13,156 1,330 1,862 1,687	3,611		8,560 7,884 16,798 2,139 13,156 1,330 1,862 5,298	8,080 6,028 16,893 2,245 9,019 2,030 3,691
Bookstall purchases			2,218		2,218	1,573
Education and training Abbey School insurance Church rooms expenditure Salaries		839 3,011 4,157 83,966	1,627 13,092		839 4,638 4,157 97,058	4,601 1,911 102,114
Fabric and Capital expenditure Choir and music		2,913 6,781	17,334 8,314		20,247 15,095	27,197 10,346
Parish Magazine costs Other expenditure (note	12)	4,396	3,672 60,561		3,672 64,957	6,507 5,084
		388,068	110,680		498,748	453,672
Governance costs
Legal and professional fees Accountancy Audit fees		1,140 2,500 4,820			1,140 2,500 4,820	660 2,500 4,708
Total Governance costs		8,460			8,460	7,868
Tota I for Church Activities		396,528	110,680		507,208	461,540
b) Fundraising costs Christmas fair		135			135
Social committee events
Other fundra ising costs Gift stall purchases		550	897 2,434		1,447 2,434	905 4,379
		685	3,331		4,016	5,284
Total resources expended		397,213	114,011		511,224	466,824

taff costs
							2021	2020
							f	f
Wages and salaries Employers' National Insurance Pension costs							91,847 963 4,248	91,817 5,403 4,894
							97,058	102,114
Five (2020:six) people were employed in the year, none of whom earned more than f60,000 in either the current or comparative years. Martin Seymour, a Trustee from May 2021, received remuneration in the year amounting tof20,803(2020:not a trustee) as a salary for being Director of Music and not in respect of his being a Trustee. He was employed in this post before being elected as a Trustee. Expenses were paid to one Trustee amounting tof131(2020:one Trustee amounting tof25). f13,092(2020: f14,956) ofstaff costs were met from a restricted fund with the balance and all trustee expenses relating to unrestricted funds. Trustees'
expenses are in respect oftravel, subsistence	and training.		In the view ofthe Trustees there is no remunerated key management
personnel. Pension contributions amounting	to	f506(2020:f496)		were	outstanding	at the year end.
Fixed asset investments
		2021			2021
		Unrestricted		Unrestricted		2021	2021	2021
		General		Designated		Restricted	Endowment	Total
		Fund			Fund	Funds	Funds	Funds
		f			f	f	f	f
Market value at 1January 2021 Additions		8,542 240			27,554	462,273 8,154	2,636,372 21,000	3,134,741 29,394
Disposals Revaluation gains/(losses)			465		1,829	56,800	380,673	439,767
Market value at31 December 2021		9,247			29,383	527,227	3,038,045	3,603,902
Investments comprise:					2021 Units	2020 Units	2021 f	2020 f
General fund Strangers Gift Fund —CBFInvestment Talbot Bequest -CBF Investment Corban Maintenance Fund - CBFFixed					149.28 95.64 1,456.10	145.31 93.10 1,417,07	3,491 2,237 2,300	2,971 1,904 2,397
Abbey improvement Fund - CBF Fixed					771.58	750.89	1,219 9,247	1,270 8,542
Capital Fund (Designated) CBF Fixed CBFInvestment					6,012.87 850.17	6,012.87 850.17	9,500 19,883	10,171 17,383
							29,383	27,554
TOTAL Unrestricted							38,630	36,096
Fabric Fund (Restricted) Wheeler Bequest —CBFInvestment Wheeler Bequest -CBF Fixed CBFInvestment Corban Fabric Fund - CBFInvestment					5,293.66 21,682.07 1,854.00 3,097.00	5,152.75 21,682.07 1,854.00 3,097.00	123,801 34,256 43,359 72,429	105,357 36,675 37,908 63,323
Fabric Trust- CBF Investment CBF Fixed Foster Lake Footner Charity- CBFInvestment Foster Lake Footner Charity- Recoupment Foster Lake Footner Charity- CBFDeposit Barclays Bank PLC Ordinary shares					1,032.25 4,227.96 1,268.00 4,351.56 8,810.00	1,004.78 4,227.96 1,268.00 4,235.73 8,810.00	24,141 6,680 29,654 101,768 10,654 16,475	20,544 7,152 25,926 86,607 9,895 12,923
Cidfd							463,217	406,310

5.Fixed asset investments
	2021	2020	2021	2020
Investments comprise:	Units	Units	E	f
Brought forwards			463,217	406,310
Corban Maintenance Fund (Restricted) CBFInvestment	2,737.00	2,737.00	64,010	55,963
TOTAL restricted			527 227	462 273
Robin Bishop Endowment CBFInvestment	129,904.79	128,674,28	3,038,045	2,636,372
TOTAL investments			3,603,902	3,134,741

6Debtors
.				2021	2020
				f	f
Gift aid Other debtors Loan to the Governors,	Romsey Abbey Church of England		Primary School	3,549 69,214	6,405 24,292 10,000
				72,763	40,697
All amounts fall due within one year.
7.Creditors				2021	2020
				E	E
Trade creditors				1,473
Payments due to Winchester Other creditors Special collections payable		Diocesan Board of Finance		27,618 1,213	18,445 1,683
				30,304	20,128

Statement ofFinancial Act	i	vities information for th	e year ended 31D	ecember 2020
			2020	2020	2020	2020
			Unrestricted	Restricted	Endowment	Total
			Funds	Funds	Funds	Funds
			E	f	f	E
Income and endowments	from
Donations and legacies Activities for generating funds Income from church activities			313,570 8,434 34,348	31,817 6,463 11,113	5,140	350,527 14,897 45,461
Investment income			76,329	12,526		88,855
			432,681	61,919	5,140	499,740
Expenditure on Church activities			405,668	55,872		461,540
Fundraising costs			99	5,185		5,284
			405,767	61,057		466,824
Gains and losses on investments			1,897	24,045	170,207	196,149
Net income before transfers			28,811	24,907	175,347	229,065
Transfer between funds			10,000	I10,000)
Net movement in funds			38,811	14,907	175,347	229,065
Funds brought forward at		1January 2020	335,496	600,571	2461025	3,397,092
Funds carried forward at	31December 2020		374,307	615,478	2,636,372	3,626,157
Additional comparative information fornote 2			2020	2020	2020	2020
			Unrestricted	Restricted	Endowment	Total
			Funds	Funds	Funds	Funds
			E	E	E	E
a) Donations and legacies Planned giving Income tax recoverable Collections at services			153,716 43,621 27,385	4,642 523		158,358 44,144 27,385
Other grants and donations Fabric fund grants and donations Legacies			41,475 47,373	18,323 8,329	5,140	59,798 8,329 52,513
			313,570	31,817	5,140	350,527
b) Activities for generating		funds
Christmas fair Social Committee activities StSwithuns' activities Video team Giftstall sales Music in Romsey fees Church rooms income			452 500 120 1,720 4,252	6,229		452 500 120 6,229 1,720 4,252
Other fundraising activities			1,390	234		1,624
			8,434	6,463		14,897

Additional comparative information	Additional comparative information	for note 2	(continued)
			2020	2020	2020	2020
			Unrestricted	Restricted	Endowment	Total
			Funds	Funds	Funds	Funds
			E	E	f	E
c) Income from Church activities Candles			2,362			2,362
Fees for Carol Services			443			443
Income from Parish Magazine				7,314		7,314
Bookstall sales				2,122		2,122
Other church activities			17,615	1,677		19,292
Fees for Church Services			13,928			13,928
			34,348	11,113		45,461
d) Investment income Interest receivable				51		51
Dividends and distributions			76,329	12,475		88,804
			76,329	12,526		88,855
Total incoming resources			432,681	61,919	5,140	499,740
Additional comparativeinformation		for note 3
a) Church activities Missionary and charitable Diocesan Share	giving		16,108 210,682	7,937		24,045 210,682
Vicar's expenses			25			25
Other clergy expenses Office costs			11,601			11,601
Abbey heating Abbey lighting Abbey insurance St Swithun's expenses Repairs and security			8,080 6,028 16,893 2,245 9,019			8,080 6,028 16,893 2,245 9,019
Organ tuning and maintenance Cleaning, water and churchyard Church service costs			2,030 1,262	2,429		2,030 3,691
Bookstall purchases				1,573		1,573
Education and training Abbey School Church rooms expenditure Salaries			3,030 1,911 87,158	1,571 14,956		4,601 1,911 102,114
Fabric and Capital expenditure			11,087	16,110		27,197
Choir and music			5,557	4,789		10,346
Parish Magazine costs Other expenditure			5,084	6,507		6,507 5,084
			397,800	55,872		453,672
Governance costs
Legal and professional fees Accountancy Independent examination fees			660 2,500 4,708			660 2,500 4,708
Total Governance costs			7,868			7,868
Tota forChurchActivities			405,668	55,872		461,540

Additional comparative	information	information	for note 3(continued)
			2020		2020	2020	2020
			Unrestricted		Restricted	Endowment	Total
			Funds		Funds	Funds	Funds
					E	E	E
b) Fundraising costs
Christmas fair
Social committee events
Other fundraising costs				99	806		905
Gift stall purchases					4,379		4,379
				99	5,185		5,284
Total resources expended			405,767		61,057		466,824
Comparative information		for note 5	2020		2020
			Unrestricted		Unrestricted	2020	2020	2020
			General		Designated	Restricted	Endowment	Total
			Fund		Fund	Funds	Funds	Funds
			E			f	E	f
Market value at 1January 2020 Additions			7,857 253		26,089	431,604 6,624	2,461,025 5,140	2,926,575 12,017
Disposals Revaluation gains/(losses)				432	1,465	24,045	170,207	196,149
Market value at 31December 2020			8,542		27,554	462,273	2,636,372	3,134,741
Comparative information		for note 8			1January	Statement of Financial		31December
					2020	Activities	Transfers	2020
					f	E	E	E
Unrestricted funds
General fund					78,302	(9,999)	25,303	93,606
900th Anniversary fund		(designated)					701	701
Capital reserve fund	(designated)				257,194	38,810	(16,004)	280,000
					335,496	28,811	10,000	374,307
Restricted funds
Fabric fund					391,502	3&,771		430,273
Organ fund The Eyles Scholarship Booksta II fund	fund				5,639 1,691 33,391	1,414 1 549		7,053 1,692 33,940
Giftstall fund					18,459	(3,150)		15,309
Children and Families	worker funds				46,041	(10,314)		35,727
Funds for Burundi					1,167	(1,167)
FORAM Funds					5,430	(216)		5,214
FORAM 100Club fund					1,457	234		1,691
Hardship fund St Swithun's Funds					57 4,891	10,891		10,948 4,891
Nightingale Window Abbey Vine Fund Parish Lunch Fund	Fund				15,602 5,000 2,430	(14,970) (701) (189)		632 4,299 2,241
Parish Magazine Fund Flower Fund					12,704 2,762	807 (668)	(8,500) 1,500	5,011 594
Corban maintenance	fund				52,348	3,615		55,963
Totalrestricted funds					600,571	24,907	(10,000)	615,478

10.Comparative Information	10.Comparative Information	(continued)
Additional comparative	information	for note 8(continued)	1January	Statement of Financial		31December
			2020	Activities	Transfers	2020
			f	E		f
Endowment fund
Robin Bishop Legacy			2,461,025	175,347		2,636,372
Tota I funds			3,397,092	229,065		3,626,157
			Fixed	Current	Current	Net
Analysis ofassets by	fund		Assets E	Assets E	Liabilities f	Assets
Unrestricted funds
General fund			8,542	103,509	(18,445)	93,606
900th Anniversary fund (designated) Capital reserve fund (designated)			27,554	701 252,446		701 280,000
			36,096	356,656	(18,445)	374,307
Restricted funds
Fabric fund			406,310	23,963		430,273
Organ fund The Eyles Scholarship Bookstall fund	fund			7,053 1,692 33,940		7,053 1,692 33,940
Giftstall fund				15,309		15,309
Children and families	minister fund			35,727		35,727
Hardship fund FORAM Funds				10,948 5,214		10,948 5,214
FORAM 100Club Funds				1,691		1,691
StSwithun's Funds				4,891		4,891
Nightingale Window Abbey Vine Fund Parish Lunch Fund	Fund			632 4,299 2,241		632 4,299 2,241
Parish Magazine Fund Flower Fund				5,011 594		5,011 594
Other restricted funds				1,683	(1,683)
Corban maintenance	fund		55,963			55,963
			462,273	154,888	(1,683)	615,478
Endowment fund
Robin Bishop Legacy			2,636,372			2,636,372
Total funds			3134741	511,544	(20,128)	3,626,157