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|The Ecclesiastical|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|within|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|
##
|||Notes|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|(continued)|||||
|---|---|---|---|---|---|
|||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)|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)|(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|
##
##
##
##
##