amp
Annual Report and Accounts for the year ending 31 August
2023
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||**Note**|**General** Fund<br>**(Unrestricted)**|District **Advance**<br>Fund<br>**(Unrestricted)**|**Designated**<br>**Funds**<br>**(Unrestricted)**|**Restricted**<br>**Funds**|**Total**<br>**2022-23**|Total<br>**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|
|**New**Places for**New**People 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**|





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|||**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<br>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<br>(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**|





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||**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**|



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||||**2022-23**||**2021-22**||
|---|---|---|---|---|---|---|
||||£||£||
|Travel|expenses|||838||1,311|
|Other|reimbursed|expenses||2,689||4,114|
|**Total**||||**3,527**||**5,425**|





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||**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**|



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||**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**|





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||**2022-23**||**2021-22**|
|---|---|---|---|
||£||£|
|Hire ofpremises||825|660|
|Chair's manse and Districtmanse costs||6,336|28,287|
||||-|
|**Total**||**7,161**|**28,947**|



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||**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**|



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||**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**|



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||**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**|





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||**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**|



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|**Debtors and prepayments**<br>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**|





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||**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**|



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||**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**|





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||**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**|



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|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**|



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||**General Fund**|**General Fund**|**District**<br>rstrt|**Designated**<br>**Funds**|**Designated**<br>**Funds**|**Restricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|---|---|---|---|---|
||**(Unrestricted)**||**Advance Fund **<br>**(Unrestricted)**|**y,**<br>**stricted**<br>**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|
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|**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|
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|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**|





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