amp Annual Report and Accounts for the year ending 31 August 2023 on
| Note | General Fund (Unrestricted) |
District Advance Fund (Unrestricted) |
Designated Funds (Unrestricted) |
Restricted Funds |
Total 2022-23 |
Total 2021-22 |
|
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | ||
| Income and Endowments | |||||||
| Donations and legacies | |||||||
| Income from Investments | 5,387 | 19,542 | 3,887 | 28,816 | 7,990 | ||
| Charitable activities | |||||||
| Assessmentson circuits | 2 | 120,000 | 120,000 | 120,000 | |||
| CircuitModel TrustFunds | 165,638 | 165,638 | 206,132 | ||||
| ConnexionalAdvance & Property Fund | 67,443 | 67,443 | 6,690 | ||||
| NewPlaces forNewPeople Connexional grant | 28,000 | 28,000 | |||||
| MissionAlongside the PoorConnexional grant | 8,306 | 8,306 | 8,977 | ||||
| Total income from charitable activities | 120,000 | 233,081 | 8,306 | 28,000 | 389,387 | 341,799 | |
| Other income | 3 | 4,088 | 6,173 | 10,261 | 18,279 | ||
| Total income and endowments | 129,475 | 252,623 | 14,479 | 31,887 | 428,464 | 368,068 | |
| Expenditure | |||||||
| Expenditure on activities | |||||||
| Grantsand donations | 5 | 2,990 | 249,845 | 20,926 | 300 | 274,061 | 117,108 |
| Salaries and associated costs | 6 | 126,542 | 105 | 126,647 | 137,639 | ||
| Propertycosts | 7 | 7,161 | 7,161 | 28,947 | |||
| Office/Administrative expenses | 8 | 3,001 | 1,346 | 406 | 4,753 | 5,422 | |
| Synods,Committeesand Conferences | 9 | 4,160 | 15,423 | 19,583 | 18,584 | ||
| Otheroutgoings | 10 | 2,204 | 175 | 2,379 | 2,681 | ||
| Total charitable expenditure | 146,058 | 251,191 | 36,454 | 881 | 434,584 | 310,381 | |
| Net income/(expenditure) before Investment | |||||||
| gains/ losses | -16,583 | 1,432 | -21,975 | 31,006 | -6,120 | 139,079 | |
| Gains/loss in value ofinvestmentassets | 11 | -2,865 | -5,908 | -8,773 | -13,567 | ||
| Net incoming/(outgoing resources before transfers | -19,448 | 1,432 | -21,975 | 25,098 | -14,893 | -76,894 | |
| Transfers between funds | 12 | 29,747 | -45,951 | 19,685 | -3,481 | ||
| Net income/expenditure for the year | 10,299 | 44,519 | -2,290 | 21,617 | -14,893 | 44,120 | |
| Gainson the revaluation offixed assets | 13 | -65,000 | -65,000 | 50,000 | |||
| Total funds broughtforward | 118,888 | 222,036 | 863,490 | 131,789 | 1,336,203 | 1,242,083 | |
| Total funds carried forward | 129,187 | 177,517 | 796,200 | 153,406 | 1,256,310 | 1,336,203 |
| **General ** | Fund | District Advance | Designated | Other Funds | Total | Total | ||
|---|---|---|---|---|---|---|---|---|
| Note | (Unrestricted) | Fund | Funds | (Restricted) | 2023 | 2022 | ||
| (Unrestricted) | (Unrestricted) | |||||||
| £ | £ | £ | £ | £ | £ | |||
| Tangible Fixed Assets | ||||||||
| District Manse | 13 | 735000 | 735,000 | 800,000 | ||||
| Investments | 15 | 64,600 | 123,025 | 187,625 | 202,399 | |||
| Total fixed assets | 64,600 | 735,000 | 123,025 | 922,625 | 1,002,399 | |||
| Current Assets | ||||||||
| Debtors and Prepayments | 14 | 330 | 3,643 | 3,973 | 2,664 | |||
| Investments with TMCP | 539,972 | 712 | 540,685 | 479,904 | ||||
| Central Finance Board deposits | 60,520 | 57,557 | 29,669 | 147,746 | 86,201 | |||
| Cash at Bank and in hand | 5,754 | 5,754 | 8,506 | |||||
| Total current assets | 66,605 | 539,972 | 61,200 | 30,381 | 698,158 | 577,275 | ||
| Current liabilities | ||||||||
| Creditors and Accruals (due in under 1 year) |
17 | 2,018 | 2,018 | 2,301 | ||||
| Grants payable in 2023/24 | 18 | 159,117 | 159,117 | 173,820 | ||||
| Total current liabilities | 2,018 | 159,117 | 161,135 | 176,121 | ||||
| Net current (liabilities)/assets | 64,587 | 380,855 | 61,200 | 30,381 | 537,023 | 401,154 | ||
| Total assets less current liabilities | 129,187 | 380,855 | 796,200 | 153,406 | 1,459,648 | 1,403,553 | ||
| Long term liabilities | ||||||||
| Grants payable from 2024-25 | 18 | 203,338 | 203,338 | 67,350 | ||||
| Net assets | 129,187 | 177,517 | 796,200 | 153,406 | 1,256,310 | 1,336,203 | ||
| Funds of the District | ||||||||
| General Fund (Unrestricted) | 24 | 129,187 | 129,187 | 118,888 | ||||
| DistrictAdvance Fund (Unrestricted) |
24 | 177,517 | 177,517 | 222,036 | ||||
| Designated Funds (unrestricted) | 24 |
796,200 | 796,200 | 863,490 | ||||
| Total unrestricted funds | 129,187 | 177,517 | 796,200 | 1,102,904 | 1,204,414 | |||
| Restricted Funds | 24 | 153,406 | 153,406 | 131,789 | ||||
| Endowment Funds | ||||||||
| Total Funds | 129,187 | 177,517 | 796,200 | 153,406 | 1,256,310 | 1,336,203 |
| 2022-23 | 2021-22 | |
|---|---|---|
| £ | £ | |
| Lay employee - shared costs | 4,088 | 10,148 |
| Wessex URC Synod re Portsmouth University Chaplaincy | 2,528 | 2,614 |
| Contributions towards the costs ofconferences/training courses | 3,646 | 2,517 |
| Contributions towards Districtmansecosts | 3,000 | |
| Total | 10,262 | 18,279 |
| 2022-23 | 2021-22 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Travel | expenses | 838 | 1,311 | |||
| Other | reimbursed | expenses | 2,689 | 4,114 | ||
| Total | 3,527 | 5,425 |
| 2022-23 | 2021-22 | ||
|---|---|---|---|
| Unrestricted: | £ | £ | |
| Fromthe District Advance Fund | 249,845 | 101,916 | |
| Fromthe District Development Fund | 5,476 | 2,353 | |
| From the Portsmouth Chaplaincy Fund | 9,850 | 9,849 | |
| Other | |||
| - Churches Toaether subscriptions | 2,990 | 2,990 | |
| Sub total | 268.161 | 117,108 | |
| - From the Benevolent Fund | 300 | - | |
| - Fromthe Mission Alonasidethe Poor Fund | 5,600 | ||
| Sub total | - | ||
| Total | 274,061 | 117108 |
| Given to | £ | Type of grant | £ | |||
|---|---|---|---|---|---|---|
| Churches | 91,310 | Ministry | 69,750 | |||
| Circuits | 15,000 | Property | 58,810 | |||
| Institutions | 22250 | |||||
| 128 560 | 128 560 | |||||
| Accrued grants August2023 | 362,455 | |||||
| Accrued grants August2022 | 241170 | |||||
| 249 845 | ||||||
| Portsmouth | University Chaplaincy Fund | 7,685 | ||||
| District | 38,266 |
| 2022-23 | 2021-22 | |
|---|---|---|
| £ | £ | |
| Salaries | 97,403 | 107,744 |
| Employer's National Insurance contributions | 9,634 | 10,132 |
| Employer's pension contributions | 5247 | 6172 |
| Total salaries costs | 112.284 | 124,048 |
| Chairs Travel & Expenses | 6,956 | 6,170 |
| Other StaffCosts | 2,147 | 2,238 |
| Removal expenses | - | 1,080 |
| StaffTravel | 4375 | 4.103 |
| 13.478 | 13 591 | |
| Total staff and associated costs | 125,762 | 137,639 |
| 2022-23 | 2021-22 | ||
|---|---|---|---|
| £ | £ | ||
| Hire ofpremises | 825 | 660 | |
| Chair's manse and Districtmanse costs | 6,336 | 28,287 | |
| - | |||
| Total | 7,161 | 28,947 |
| 2022-23 | 2021-22 | |||
|---|---|---|---|---|
| £ | £ | |||
| Printing, postage and stationery | 349 | 215 | ||
| Telephone costs | 899 | 1,145 | ||
| Equipment | 17 | 409 | ||
| Insurance | 1,544 | 1,528 | ||
| Safeguarding support | - | 215 | ||
| Total charged to the General Fund | 2,809 | 3,512 | ||
| TMCP managementfeesfor investment funds {note 11) | 1,945 | 1,910 | ||
| Total | 4,754 | 5,422 |
| 2022-23 | 2021-22 | |
|---|---|---|
| £ | £ | |
| Synod expenses | 2,869 | 2,198 |
| Training &conferences | 1,291 | 3,690 |
| Travel expenses - committees | 14,817 | 12,696 |
| Total | 18,977 | 18,584 |
| 2022-23 | 2021-22 | |||
|---|---|---|---|---|
| £ | £ | |||
| Professionalfees | 530 | 530 | ||
| Churches Together Hampshireand Isle ofWight | 175 | 175 | ||
| Sundry outgoings | 1 683 | 1 975 | ||
| Total | 2,388 | 2,680 |
| Land | Buildings | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Balance broughtforward at 1 September 2022 | 300,000 | 500,000 | 800,000 |
| Revaluations in theyear | -25,000 | -40,000 | -65,000 |
| Balance carried forward at 31 August 2023 | 275,000 | 460,000 | 735,000 |
| Debtors and prepayments Debtors and prepayments were made up as follows: |
||||
|---|---|---|---|---|
| 2022-23 | 2021-22 | |||
| £ | £ | |||
| Trade debtors | ||||
| Channel Islands District | 1,733 | 1,096 | ||
| Wessex Synod | 210 | 947 | ||
| 1,943 | 2,043 | |||
| Prepayments and accrued income | ||||
| Payments in advance | 1,700 | 621 | ||
| Other accrued income | 330 | |||
| 2,030 | 621 | |||
| Total | 3,973 | 2,664 |
| District Reserve | |||
|---|---|---|---|
| (forms part of the | MIH Fund | Total | |
| General Fund) | |||
| £ | £ | £ | |
| Balance broughtforward at 1 September 2022 | 67,464 | 134,935 | 202,399 |
| Units sold during theyear | 6,002 | 6,002 | |
| Unrealised gains on revaluation | 2,864 | 5,908 | 8,772 |
| Unrealised losses on revaluation | |||
| Balance carried forward at 31 August 2023 | 64,600 | 123,025 | 187,625 |
| 2022-23 | 2021-22 | |||
|---|---|---|---|---|
| £ | £ | |||
| Creditors: | ||||
| Trade creditors | 254 | 226 | ||
| Totalcreditors | 254 | 226 | ||
| Accruals: | ||||
| Receipts in advance | 164 | |||
| Independent Examiner | 530 | 530 | ||
| Reimbursed expenses | 1 234 | 1 381 | ||
| Total accruals | 1,764 | 2,075 | ||
| Total of creditors and accrued expenses | 2 018 | 2 301 |
| **Payable ** | at 31 | **Payable ** | at 31 | |
|---|---|---|---|---|
| **August ** | 2023 | **August ** | 2022 | |
| £ | £ | |||
| Current liability | ||||
| Payable in 2022-23 | 173,820 | |||
| Payable in 2023-24 | 159,117 | |||
| Long term liability | ||||
| Payable in 2023-24 | 37,350 | |||
| Payable in 2024-25 | 72,599 | 10,000 | ||
| Payable in 2025-26 | 66,928 | 10,000 | ||
| Payable in 2026-27 | 51,489 | 10,000 | ||
| Payable in 2027-28 | 12,322 | |||
| Total commitment | 362455 | 241170 |
| Unrestricted Funds | ||||||
|---|---|---|---|---|---|---|
| Unrestricted Fund Name | Opening | Income | Expenditure | Unrealised | Transfers | Closing |
| Balance | Investment | Balances | ||||
| losses and | ||||||
| revaluations | ||||||
| £ | £ | £ | £ | £ | ||
| General Fund | 118,888 | 129,475 | 146,058 | -2,865 | 29,747 | 129,187 |
| DistrictDevelopment Fund | 54,848 | 3,646 | 20,899 | 12,000 | 49,595 | |
| DistrictAdvance Fund | 222,036 | 252,623 | 251,191 | -45,951 | 177,517 | |
| Portsmouth Chaplaincy | -335 | 2,527 | 9,955 | 7,685 | -78 | |
| MissionAlongside the Poor | 8,977 | 8,306 | 5,600 | 11,683 | ||
| Property Reserve | 800,000 | -65,000 | 735,000 | |||
| Totals | 1,204,414 | 396,577 | 433,703 | -67,865 | 3,481 | 1,102,904 |
| Restricted Funds | ||||||
| Restricted Fund Name | Opening | Income | Expenditure | Unrealised | Transfers & | Closing |
| Balance | investment | accruals | Balance | |||
| losses | ||||||
| £ | £ | £ | £ | £ | £ | |
| Benevolent Fund | 681 | 300 | 381 | |||
| District(MIH) Fund | 129,655 | 3,887 | 406 | -5,908 | -3,481 | 123,747 |
| Churches Together Hampshire | 607 | 175 | 432 | |||
| and the Islands | ||||||
| New Places for New People | 846 | 28,000 | 28,846 | |||
| Totals | 131,789 | 31,887 | 881 | -5,908 | -3,481 | 153,406 |
| General Fund | General Fund | District rstrt |
Designated Funds |
Designated Funds |
Restricted | Restricted | Total | Total | |
|---|---|---|---|---|---|---|---|---|---|
| (Unrestricted) | Advance Fund (Unrestricted) |
y, stricted nre ) n |
Funds | 2021-22 | 2020-21 | ||||
| £ | £ | £ | £ | £ | £ | ||||
| Income and Endowments | o | o | |||||||
| Donations and legacies | o | o | |||||||
| Income from investments | 2,063 | 2,404 | 3,523 | 7,990 | 5,086 | ||||
| Charitable activities | o | ||||||||
| Assessments on circuits | 120,000 | 120,000 | 120,000 | ||||||
| Circuit Model Trust Funds | 206,132 | 206,132 | 118,779 | ||||||
| Connexional Advance & Property Fund | 6,690 | 6,690 | 59,365 | ||||||
| New Places for New People Connexional | grant | 10,000 | |||||||
| Mission Alongside the Poor Connexional | grant | 8,977 | 8,977 | ||||||
| Total income from charitable activities | 120,000 | 221,799 | 341,799 | 313,230 | |||||
| Other income | 13,148 | 5,131 | 18,279 | 30,848 | |||||
| o | |||||||||
| Total income and endowments | 135,211 | 224,203 | 5,131 | 3,523 | 368,068 | 344,078 | |||
| Expenditure | |||||||||
| Expenditure on activities | |||||||||
| Grants and donations | 2,990 | 101,916 | 12,202 | 117,108 | 74,301 | ||||
| Salaries and associated costs | 132,071 | 450 | 5,118 | 137,639 | 125,267 | ||||
| Property costs | 28,947 | 28,947 | 25,596 | ||||||
| Office/Administrative expenses | 3,615 | 1273 | 534 | 5,422 | 5,505 | ||||
| Synods, Committees and Conferences | 5,888 | 12,696 | 18,584 | 5,096 | |||||
| Otheroutgoings | 2,396 | 14 | 271 | 2,681 | 3,971 | ||||
| o | |||||||||
| Total charitable expenditure | 175,907 | 103,189 | 25,362 | 5,923 | 310,381 | 239,736 | |||
| Net income/(expenditure) before | |||||||||
| investment gains/ losses | -40,696 | 121,014 | -20,231 | -2,400 | 139,079 | 104,342 | |||
| Gains/loss in value of investment assets | -4,522 | o | -9,045 | -13,567 | 33,494 | ||||
| Net incoming/(outgoing resources befor | -45,218 | -20,231 | -11,445 | -76,894 | 137,836 | ||||
| Transfers between funds | 38,941 | -47,177 | 24,327 | -16,091 | o | ||||
| Net income/expenditure for the year | -6,277 | 73,837 | 4,096 | -27,536 | 44,120 | 137,836 | |||
| Gains on the revaluation offixed assets | 50,000 | 50,000 | 50,000 | ||||||
| o | |||||||||
| Total funds broughtforward | 125,165 | 148,199 | 809,394 | 159,325 | 1,242,083 | 1,054,247 | |||
| Total funds carried forward | 118,888 | 222,036 | 863,490 | 131,789 | 1,336,203 | 1,242,083 |