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2022-12-31-accounts

Christ Church Portsdown

Annual Report and Accounts 2022

Christ Church Portsdown - Annual Report & Financial Statement 2022

Ecclesiastical Parish of Christ Church, Portsdown Registered Charity No: 1137597

Annual Report and Financial Statements For the year ended 31 December 2022

Index to Pages Page
Independent Examiner’s Report 3
Aims and Purposes, Objectives and Activities 4
Achievements and Performance 4 - 5
Structure, Governance and Management 5 - 9
Statement of Financial Activities 10
Balance Sheet 11
Notes to the accounts - including Accounting Policies & Funds 12 - 18
Detailed analysis of Mission Support 19

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Christ Church Portsdown - Annual Report & Financial Statement 2022

Independent examiner’s report to the members/trustees of Christ Church, Portsdown Parochial Church Council.

I report on the accounts for the year ended 31 December 2022, which are set out on pages 4 to 19.

Respective responsibilities of the Trustees and the Independent Examiner

As trustees of the charity, the members of the PCC are responsible for the preparation of the accounts. They consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an Independent examination is needed. It is my responsibility to

Basis of Independent Examiners Statement

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

Signed…… JWScott ………………………………..

Date……… 17/03/23 ……………..

Julia Scott

JW Scott Accountancy and Book-Keeping Service

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Christ Church Portsdown - Annual Report & Financial Statement 2022

AIMS AND PURPOSES

The Parochial Church Council of the Ecclesiastical parish of Christ Church Portsdown is registered as a charity with the Charity Commission and has the charity commission registration number 1137597.

Christ Church Portsdown Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent, the Reverend Andrew Wilson, in promoting in the ecclesiastical parish the whole mission of the Church, spiritual, pastoral, evangelistic, social and ecumenical to the benefit of individuals and society as a whole. It provides facilities for public worship and community activities. The PCC is responsible for the maintenance and development of the church building (known as Christ Church) and the church hall (known as Christ Church Hall).

OBJECTIVES AND ACTIVITIES

The PCC is committed to enabling as many people as possible to worship God at our church and to become part of the community at Christ Church. This involves providing a variety of services of worship and other activities to enable people to encounter God through worship and prayer, word and sacrament, expounding the teachings found in the Bible and providing pastoral care for those living in the parish. To facilitate this work, it is vital that the fabric of the church buildings is maintained and developed.

ACHIEVEMENTS AND PERFORMANCE

Introduction

Christ Church Portsdown, consecrated in July 1874, is built in the early Norman style with a sixty foot tower. Its construction is in Portland stone with flints taken from the chalk of Portsdown Hill and bedded in black mortar. The building is situated on the northern boundary of Portsmouth, Cosham district, set back from the east side of the A3 London Road, just north of the crest of Portsdown Hill. It stands in its own Churchyard surrounded by trees. Behind the Church, together with an extension to the Church burial grounds, is a Military Cemetery managed by the Commonwealth War Graves Commission.

The Parish includes parts of Cosham and Widley: the latter being in the Borough of Havant, however all of Christ Church Parish is in the Diocese of Portsmouth.

The Church address is Christ Church Portsdown, London Road, Cosham, Portsmouth, PO6 3NB. The Church website is www.christchurchportsdown.org.

Overview of the Year

2022 began with a record high number of Covid-19 cases being declared following the emergence of the Omicron variant. Whilst church services were able to continue, the PCC chose to keep restrictions in place to protect vulnerable worshippers. Attendance grew but did not return to pre-Covid levels.

It was agreed that the 8.00 Service should be held at St John’s from Easter Sunday, returning to Christ Church from the beginning of October.

Work on the Church Hall floor was completed enabling the hall to be reopened re-establishing that income stream. A Lent Group took place in the hall, although small groups (homegroups) remained in abeyance.

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Christ Church Portsdown - Annual Report & Financial Statement 2022

With increasing concern over the longevity of the gas boiler in the church, a working group was formed to look at an appropriate replacement, with due concern for environmental impact.

The PCC was pleased to be able to pay the full amount of parish share requested by the Diocese of Portsmouth after two years of under-payment. A small over-payment was made to make some recompense for the previous under-payment. At the end of the year, a commitment was made to pay the full amount requested in 2023.

During 2022 Revd Andy Wilson remained as Vicar of Christ Church and Priest-in-Charge of St John the Baptist Purbrook. Revd Matt Grove continued as Assistant Curate in both parishes. Additionally, in July the Revd Marcus Collie was appointed as Assistant Curate.

The APCM was held in April. Stephen Anderson and Karina Golledge continued their vital ministry as churchwardens. The three assistant wardens appointed in 2018 continued with their roles, each leading in a particular area of responsibility. Although none holds the legal position of warden, their contribution has been invaluable.

Antonia Harrison was appointed as Church Administrator for the parishes of Crookhorn, Portsdown and Purbrook. She is employed by Crookhorn Parish, with Portsdown PCC reimbursing Crookhorn PCC for 5 hrs/week of her time.

The Queen’s Platinum Jubilee was marked with a children’s party in the church hall and a tea party at St John’s, as well as in Sunday services. The church also responded to the death of Her Majesty.

Safeguarding remains a priority for the PCC with Ismay Doughty (Parish Safeguarding Officer) meeting frequently with the Vicar to review progress and reporting regularly to the PCC.

Through the year the PCC continued to look towards merging the parishes of Portsdown and Purbrook. A number of shared meetings were held.

Church Roll and Attendance

At the end of 2022 the Electoral Roll stood at 107 (104 in 2021) with 49 (49 in 2021) living within the parish and 58 (55 in 2021) living outside the parish boundaries.

At the end of the year we estimated our worshipping community (those who attend services at least once per month unless prevented from doing so by circumstances such as illness) to be about 134 (136 in 2021).

As Covid restrictions were lifted, the number of baptisms increased significantly. There were 10 baptisms in 2022 (3 in 2021), 6 weddings (5 in 2021). There were 6 funerals in church (7 in 2021) and a further 9 funerals taken by the parish clergy at a crematorium (8 in 2021). This latter figure does not include funerals taken by the clergy on behalf of the parish of Purbrook.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Clergy

The Revd Andrew Wilson has been Vicar of Christ Church since October 2007. He was co-licensed as Assistant Curate in the parish of Purbrook from September 2013 until January 2019, and then as Priest-incharge. He has also been licensed as Assistant Curate of the parish of Crookhorn since September 2013.

The Revd Matthew Grove has been Assistant Curate to the parishes of Portsdown and Purbrook since July 2020.

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Christ Church Portsdown - Annual Report & Financial Statement 2022

The Revd Marcus Collie has been Assistant Curate to the parishes of Portsdown and Purbrook since July 2022.

The Revd Tyrone Hillary and the Revd Sandy Phillips have Bishop’s Permission to Officiate in the diocese. They are not members of the PCC.

The Revd Janette Smith was licensed as Priest-in-charge of Crookhorn and Assistant Curate in the parishes of Portsdown and Purbrook in September 2019.

Churchwardens

Mr Stephen Anderson and Mrs Karina Golledge served as churchwardens throughout 2022. They were supported by three Assistant Wardens, Mr Matthew Doe (with special responsibility for the church buildings), Mrs Sheila Gill (with special responsibility for the Spiritual life of the church) and Mrs Dee Humphris (with special responsibility for services).

PCC Membership

The method of appointment of PCC members is set out in the Church Representation Rules. All churchgoers are encouraged to register on the Church Electoral Roll and stand for election to the PCC as well as assist with other roles and duties within the Church.

Governance follows Christian principles, Canon law, Church Representation Rules and guidelines laid out in the Charities’ Act 2011. This report also conforms to the PCC guide to the Statement of Recommended Practice (SORP) 2005, Charity Commission reporting guidelines and Church Accounting Regulations 2006.

Members of the PCC are either ex officio or elected at the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. The following served as members of the PCC during 2022.

EX OFFICIO MEMBERS Incumbent: Representative on the Diocesan Synod, Deanery Revd Andrew Wilson (Chair) Synod and PCC: Mr Andrew Minchin Assistant Curates: Revd Matthew Grove Representative on the Deanery Synod and PCC: Revd Marcus Collie (from July 2022) Mrs Tracey Harvey

Assistant Curate (Cluster Clergy – non-attending): Church w ardens: Revd Janette Smith Mr Stephen Anderson (Vice-chair) Mrs Karina Golledge

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Christ Church Portsdown - Annual Report & Financial Statement 2022

ELECTED MEMBERS

Mrs Linda Banks (until April 2022) Mrs Dee Humphris (until April 2022) Mrs Karen Davies Mrs Pauline Metcalfe Mrs Ismay Doughty Mrs Elizabeth Mitchell Mr David Fowler (until April 2022) Mr Graham Olway Mrs Ruth Fowler Mrs Judith Scott Mrs Sheila Gill Mrs Victoria Stephen ( co-opted until April 2022, then elected) Mr Roy West (until April 2022)

PCC OFFICERS

(attend PCC meetings, but as non-voting members, unless otherwise elected or co-opted) Hon. Secretary: Mrs Victoria Stephen Hon. Treasurer: Mrs Jacqui Wilson

At the April APCM there was only one nomination for four vacancies, so three vacancies remained unfilled.

Sub-committees

The PCC operates the following committees that meet as required and report to the PCC

Standing Committee: has the power to transact business of the PCC, subject to any direction given by the PCC. Chaired by the Vicar. Mission Support: advises the PCC on mission donations, liaison, prayer support and relief appeals. Chaired by the Vicar.

Employees

From May 2022 a shared administrator for the parishes of Crookhorn, Portsdown and Purbrook was employed by Crookhorn PCC. Portsdown PCC reimburses Crookhorn PCC for 5 hours/week.

A cleaner was employed for four hours/week to clean the church hall and the church building.

Mission Support

Whilst still not reaching the generosity of pre-pandemic times, we were able to increase our charitable giving in 2022 compared to 2021. Our sister church St John’s Purbrook also continued to contribute, increasing the funds available to the missions. We also publicise the organisations we support and enable individuals to add to the PCC grants. Gifts were given at Harvest and Christmas for The Roberts Centre and All Saints Hostel. The church views mission and relief as of vital importance and longs to reflect that more in its giving.

Communications

Internal communication is principally through the Sunday Notice Sheet produced weekly by the administrator and distributed via email. A church magazine ( The Portsdown & Purbrook Post) edited by Ruth Fowler is produced each month. The church website (www.christchurchportsdown.org) was simplified and minimal maintenance carried out by Revd Marcus Collie. Volunteers’ time and contributors’ efforts continue to be essential in keeping open the main avenues of external communication and assisting to provide and promote the public face of the Church.

Page 7 of 19

Christ Church Portsdown - Annual Report & Financial Statement 2022

PCC Business Review of the Year

The PCC met 9 times in the year. Average attendance was 72% (76% in 2020).Two meetings were shared with the PCC of St John the Baptist Purbook. These shared meetings are considered formal meetings of each individual PCC and, where necessary, items are voted on by only the relevant PCC members.

Property Development and Maintenance – Church, Hall and Grounds

The PCC has agreed that the primary aim of the church building should be to provide a ‘sacred space’ where people, be they members of our church or not, can be aided as they seek to encounter the living God. This aim is supported by the secondary aims of being a place where worshippers can enjoy fellowship with one another and where community focussed events can be held. A review carried out in 2010 concluded that the building was not fit for these purposes. It was uncomfortable, cluttered and lacked basic facilities. Therefore improvement was essential for the sake of the continuing proclamation of the Gospel in this parish.

Since 2010 the following improvements have been achieved

Assistant Warden Matthew Doe, has continued to take the lead on building maintenance.

Normal maintenance requirements for heating systems, electrics, fire and access have all been maintained and the PCC has sought to keep bills to a minimum. A contract for bi-annual cleaning of gutters and gullies was awarded to T Coleborn at the beginning of 2017. This removes the requirement for volunteers to access the church roof, other than via the tower (for changing the flag).

The churchyard is maintained by a faithful team of volunteers (the Rusty Cutters).

Further expenditure on the church heating is anticipated in the short to mid-term future.

Risk Management & Health and Safety

Risk Management is a statutory requirement; Health and Safety regulations require all churchgoers, visitors or contractors to reduce and report any risks. Equally any individual working with a group, such as Junior Church or Toddlers has responsibility for the safety of their meeting. Formal risk assessments should be carried out for any new or different activity. The Church and hall are subject to risk assessment, fire risk assessment, have first aid equipment, accident books, and have regularly serviced fire extinguishers and fire

Page 8 of 19

Christ Church Portsdown - Annual Report & Financial Statement 2022

exit signs ensuring compliance with the regulations. In this way the PCC ensures that its duty of care is fulfilled to the best of its abilities.

Child & Vulnerable Adult Safeguarding

The PCC has approved Child and Vulnerable Adult Protection Policies. A copy of the documents is held by the Parish Administrator and is available for inspection. Ismay Doughty was appointed as the Parish Safeguarding Officer in 2021.

Treasurer’s Report

The church hall reopened fully in February 2022, enabling us to offer facilities to more regular groups and significantly increasing the income from hall lets and events. As an acknowledgement of the underpayment of previous Parish Share, the PCC voted to be generous in 2022 to the Diocese (also facing financial hardships) and overpaid the share asked of us slightly. Expenses also increased, not least utility bills for both buildings, and we were grateful to receive a grant from the Church of England of £1500 towards those costs. We hope income will continue to increase in 2023 (the hall rental rates were raised on 1[st] January), although we recognise the vulnerability of voluntary income because of stresses on individual church members’ finances.

Reserves & Investment Policy

Following the building development work carried out in 2016, Christ Church has no long term reserves. There are some restricted funds (monies that have been given to Christ Church either recently or in the past for use for particular purposes) – these are detailed at Appendix 2 on page 17 but held in the general bank account. Ideally a cash reserve of one month’s Parish Share, when available, will be held.

Endowment funds where only the interest is used for specific restricted purposes (Appendices 3 – 5, page 18) are held with the Church of England deposit scheme. Collectively the Church of England reserves are invested through CCLA Investment Management Ltd. CCLA accords to the principles and ethical considerations of the Church of England Ethical Investment Advisory Group. Full details of the investment policy can be found on the Church of England website; http://www.churchofengland.org/media/1376254/statement%20of%20ethical%20investment%20policy%20no v%202011.pdf

This Annual Report is approved by the PCC on 21[st] March 2023 and signed on its behalf by the Chairman:

Signed_ AMWilson_ ______

Print _Rev A M Wilson___Vicar/Chair of PCC

Page 9 of 19

Christ Church Portsdown - Annual Report & Financial Statement 2022

Statement of Financial Activities for Christ Church Portsdown on an Accrual Basis for the year ending 31 December 2022

Incoming Resources
Voluntary income
Activities generating funds
Income from Investments
Income from Church activities
Other incoming resources
Total Incoming Resources
Resources Expended
Cost of generating income
Church Activities
Governance Costs
Building Development costs
Total Resources Expended
Net gains(losses) before other recognised
gains(losses)
Year end endowment fund valuation gains
NET MOVEMENT IN FUNDS
Balances brought forward 1 Jan
Balances carried forward 31 Dec		 2022
Unrestricted
Restricted
Endowment
£
£
£
69518
3035
2885
21
49
16762
598
21695		 Totals
2022
2021
£
72553
79563
2885
983
70
34
16762
4920
22293
24744		 Totals
2022
2021
£
72553
79563
2885
983
70
34
16762
4920
22293
24744
89763
24751
49		 114563 110244
2295
95078
22922
49
340
1968		 2295
118049
340
1968		 58
101060
378
1407
97713
24890
49		 122652 102903
-7950
-139
-139		 -8089
-139		 7341
116
-7950
-139
-139		 -8228 7457
399766
12424
4008		 416198 408741
391816
12285
3869		 407970 416198

Page 10 of 19

Christ Church Portsdown - Annual Report & Financial Statement 2022

Balance Sheet at 31 December 2022

Fixed Assets
Tangible (Hall site)
Investment (rent on Scout HQ)
Depreciating Assets (equipment)
Total Fixed Assets
Tangible Assets
Stock (sales stock)
Debtors
Cash at bank and in hand
Investments
Total Current Assets
Liabilities
Creditors: due in 1 year
Total Liabilities
Current assets less current liabilities
Total Assets
Church Funds
Fixed Assets
Short term deposits less liabilities
Endowment
Total Church Funds		 2022
Unrestricted Restricted Endowment
£
£
£
360000
25		 Totals
2022
2021
£
360000
360000
25
25		 Totals
2022
2021
£
360000
360000
25
25
360025
 360025 360025
200
4160
306
30370
14153
3869		 200
4466
44523
3869		 200
3863
51602
4008
34730
14459
3869		 53058 59673
-2939
-2174		 -5113 -3500
-2939
-2174		 -5113 -3500
31791
12285
3869		 47945 56173
391816
12285
3869		 407970 416198
360025
31791
12285
3869		 360025
44076
3869		 360025
52165
4008
391816
12285
3869		 407970 416198

Approved by the Parochial Church Council on 21[st] March 2023 and signed on its behalf by:

Signed _ AMWilson_ ___ Print Rev A M Wilson Vicar/Chair of PCC Signed ____ JRWilson_ ___ Print Mrs J R Wilson___ Honorary Treasurer

The notes on pages 12 to 19 form part of this account

Page 11 of 19

Christ Church Portsdown - Annual Report & Financial Statement 2022

Notes to the Financial Statement

Accounting Policies

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the SORP 2005 and Charity Commission requirements. The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, that are shown at market value on 31 December.

Funds

Endowment funds are funds, the capital of which is maintained, giving income arising from investment of the endowment. This is used as funding for the purpose for which the endowment was established. Christ Church has the following Endowment Funds:

Restricted funds represent:

Designated funds are funds that have come to the church unrestricted but that the PCC have decided to allocate to a particular use. This decision can be overturned by the PCC should the need arise.

Unrestricted funds are general funds that can be used by the PCC for ordinary purposes.

Incoming resources:

Dividends are accounted for when receivable. All other income is recognised when received. Cheques should be made payable to Christ Church Portsdown.

Resources expended:

Payments and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. All other expenditure is recognised when it is incurred, invoiced or is accounted for. Some specific events may be accounted for as net transactions (often fetes & fayres) when volunteers deduct costs from the income of the event.

Investments

These are valued at market value at 31 Dec 2022 or an accrual adjustment made to 31 December annually.

Page 12 of 19

Christ Church Portsdown - Annual Report & Financial Statement 2022

Debtors

The debtors figure of £4466 is comprised of: £3813 HMRC for the tax reclaim on Gift Aided donations made in the fourth quarter of 2022. £84 hall rental from 2022 usage received in 2023.

£206 of fees for a cremation in 2022 received in 2023.

£363 reconciliation from St John’s Purbrook for the fourth quarter or 2022 received in 2023

Creditors

The creditors figure of £5113 is comprised of: £320 Independent Examiner’s fee.

£100 of wedding deposits received for weddings in future years (returnable by law) £51 of hall rental received in 2022 but relating to events in 2023.

£2248 of hall & church utility bills relating to usage in 2022 but paid in 2023. £151 of clergy expenses for December paid in 2023. £206 of fees collected to be paid over to the Diocese and retired clergy. £1968 of architect and builders fees for drive work done in 2022 paid in 2023.

£69 of vicarage expenses for 2022 paid in 2023.

Fixed assets

Consecrated and benefice property is not required to be included in the accounts by S.96(2)(a) of the Charities Act 1993. The PCC are the owners of Christ Church Hall and the surrounding land, the hall site valuation was carried out in late 2005 as part of the Parish Centre Project. Payment of a £25 annual peppercorn rent has been agreed in a lease with the Portsdown Scout and Guide Association. Any item which cost more than £1,000 is depreciated on a straight line basis over 4 years.

Flower Arrangers sub account

Detailed transactions are recorded by the account holder in their own petty cash/records book and the overall income and expenditure is brought into the church account. The petty cash book is examined by the honorary treasurer and independent examiner and have been accepted as fair and reasonable records.

Wages and Honorariums

An analysis of payments to employees, all part time, are shown in Appendix 1. Together these employees equate to less than one full time equivalent employee (FTE). The Parish Administrator and Hall Cleaner are paid for their services but no payments were large enough to attract national insurance liability on their own. In line with HMRC regulations for Real Time reporting of salary payments, Christ Church is registered as an employer, any tax liability is paid to HMRC quarterly, and all payments to employees are reported monthly. Organists that play at Christ Church are selfemployed and therefore not Christ Church employees. Voluntary additional payments for the services of a Verger at weddings and funerals were all donated toward Church Funds.

Declaration of payments

The following serving members of the PCC have received funds from the PCC during the financial year 2022:

Mission Payments

An analysis of External Mission payments is shown on page 19. Certain collections such as Christian Aid are nonaccount transactions and do not pass through the Church Account.

Page 13 of 19

Christ Church Portsdown - Annual Report & Financial Statement 2022

Incoming Resources


Voluntary income from donors
Bequests
Planned giving – envelopes
Standing orders
Parish Giving Scheme
Loose Collection
Gift Day
Tax reclaimed from HMRC
Mission Giving
Hall & Church Yard Donations
Flower Income
Other Donations
Total Voluntary income
Activities generating funds
Fund raising events
Tea and Coffee Income
Sales and printing
Total Activities generating funds
Income from Investments
Bank Interest and share profit
Income from Trusts
Total Income from Investments
Income from Church activities
Portsdown Post
Fees
Church Hall Rental Income
Church Rental income
Rent Scout & Guide HQ
Total Income from operating
activities
Other Incoming resources
Grants
Sale of old hall floorboards
Total Other Income
Total Receipts		 2022
Unrestricted
Restricted
Endowmt
£
£
£
2322
7510
1050
28002
2990
12280
12053
298
210
539
155
964
3822
358		 Totals
2022
2021
£
£
550
2322
2660
8560
8590
28002
27424
2990
1755
12280
20100
12351
14166
210
20
694
14
964
305
4180
3979		 Totals
2022
2021
£
£
550
2322
2660
8560
8590
28002
27424
2990
1755
12280
20100
12351
14166
210
20
694
14
964
305
4180
3979
69518
3035		 72553 79563
2456
349
80		 2456
349
80		 909
36
38
2885 2885 983
21
49		 21
49		 1
33
21
49		 70 34
641
4544
11552
25		 641
4544
11552
25		 37
3093
1173
592
25
16762 16762 4920
598
21695		 22293 23244
1500
598
21695		 22293 24744
89763
24751
49		 114563 110244

Page 14 of 19

Christ Church Portsdown - Annual Report & Financial Statement 2022

Resources Expended


Cost of generating income
Fund Raising events
Cost of grant
Total Cost of generating inc.
Church Activities
Church & Mission
Church running costs
Church and grounds repairs
Church Yard
Church Hall running costs
Church Hall repairs & decorate
Vicarage
Clergy & treasurer expenses
Wages
Mission-External
Mission-Parish
Administration & Support
Parish Share
Service & Junior church support
Church Office & Publishing
Broadband & web domain costs
Sundries
Tea and coffee expenses
Flower Costs
Total Church Activities
Governance Costs
PCC and Deanery expenses
Independent Examiners Fees
Total Governance Costs
Building fund expenditure
Drive project
Total Building fund expend.
Total Resources Expended		 2022
Unrestricted
£
Restricted
£
Endowment
£
295
2000		 Totals
2022
£
2021
£
295
58
2000		 Totals
2022
£
2021
£
295
58
2000
2295 2295 58
7002
1500
1968
3398
320
30
7411
4668
20000
357
1199
3869
2700
210
14
60000
617
5
1094
355
440
892		 8502
1968
3748
7411
24668
357
1199
3869
2910
14
60000
622
1094
355
440
892		 6642
112
3421
35192
385
849
3906
2120
126
46424
589
474
324
150
105
241
95078
22922
49		 118049 101060
20
320		 20
320		 78
300
340 340 378
1968 1968 1407
1968 1968 1407
97713
24890
49		 122652 102903

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Christ Church Portsdown - Annual Report & Financial Statement 2022

Assets and Liabilities

Assets and Liabilities
Fixed Assets
Tangible Assets
Church hall
Peppercorn Rent Scout & Guide
Tangible Assets at 31
December
Investment Assets
Endowment Trusts
Market value 1 Jan
Revaluation Gain/(Losses)
Investment Assets at 31
December		 2022
Unrestricted
Restricted
Endowment
£
£
£
360000
25		 Totals
2022
2021
£
£
360000
360000
25
25
360025 360025 360025
4008
-139		 4008
-139		 3892
116
3869 3869 4008
Current Assets
Stock (Traidcraft stall) 200
4160
306
180
357
30190
969
3152
9675		 200
4466
180
357
31159
3152
9675		 200
3863
180
285
19001
1837
30299
Debtors
Cash at Bank and in hand
General Cash account
Flower Arrangers cash
Current Account
Building Fund account
Building Reserve account
Current Assets at 31
December		 34730
14459		 49189 55665
-2939
-2174		 -5113 -3500
Liabilities
Creditors: falling due in 1 year
Current Liabilities at 31
December		 -2939
-2174		 -5113 -3500

Page 16 of 19

Christ Church Portsdown - Annual Report & Financial Statement 2022

Funds

Analysis of Fixed Assets
Tangible Fixed Assets
Total of Tangible Assets
Analysis of Net Assets (by
funds)
Endowment Assets
Current Assets
Liabilities
Total of Net Assets
Totals		 2022
Unrestricted
Restricted
Endowment
£
£
£
360025		 Totals
2022
2021
£
£
360025
360025		 Totals
2022
2021
£
£
360025
360025
360025 360025 360025
3869
34730
14459
-2939
-2174		 3869
49189
-5113		 4008
55665
-3500
31791
12285
3869		 47945 56173
391816
12285
3869		 407970 416198

Appendices

Appendix 1 - Analysis of Wages and Honorariums

Church Hall Cleaner
Organist (Carol service)
Parish Administrator
Verger
Totals*		 2022
£
2076
60
1733
-		 2021
£
1893
40
1973
-
3869 3906

*Parish Administrator employed by Church of the Good Shepherd, Crookhorn

Appendix 2 - Apportionment Restricted Funds

Restricted Funds
Lectern
Flower Account
Upkeep of churchyard
Memorial Bench
Building Development Fund
Total		 Movements in the year Movements in the year Totals at year end
2022
2021
£
£
813
813
357
285
0
125
191
0
10924
11201		 Totals at year end
2022
2021
£
£
813
813
357
285
0
125
191
0
10924
11201
Income
£
-
964
195
191
1691		 Expenditure
£
-
892
320
0
1968
3041 3180 12285 12424

Page 17 of 19

Christ Church Portsdown - Annual Report & Financial Statement 2022

Appendix 3 - Fielding Endowment Trust Fund

Fund value 31 December
Share Value on 31 Dec - 99 Shares
2022 Transactions
Interest receipts
Maintenance of Fielding grave/graveyard
Fund Share Holding & value 31
December		 2022
Share
Value
Receipts
Expend
£
£
£
135
4
-4		 Totals
2022
2021
£
£
135
156
4
4
-4
-4		 Totals
2022
2021
£
£
135
156
4
4
-4
-4
135
4
-4		 135 156

Appendix 4 - Benn Endowment Trust Fund

Fund value 31 December
Share Value on 31 Dec – 43 Shares
2022 Transactions
Interest receipts
Maintenance of Benn grave/graveyard
Fund Share Holding & value 31
December		 2022
Share
Holding
Receipts
Expend
£
£
£
888
26
-26		 Totals
2022
2021
£
£
888
1006
26
26
-26
-26		 Totals
2022
2021
£
£
888
1006
26
26
-26
-26
888
26
-26		 888 1006

Appendix 5 - Hawken Endowment Trust CBF Deposit Fund

Fund value 31st December
2022 Transactions
Interest receipts
Expenditure on education
Total Holding at 31 December fixed
at £2846
Fund Value & Interest to c/a 31
December		 2022
Deposit
Fund
Interest
Expend
£
£
£
2846
19
-19		 Totals
2022
2021
£
£
2846
2846
19
3
-19
-3		 Totals
2022
2021
£
£
2846
2846
19
3
-19
-3
2846
19
-19		 2846 2846

Page 18 of 19

Christ Church Mission Payments 2022

Mission
Portsmouth School Pastors
Church Mission Society
Tearfund
MAF
Christian Aid
Bike Pilgrimage
Mission to Seafarers
Bible Society
Church Army
Alabare
Simeon's Trustees
Children's Society
Bev Richardson (CMS)
Hants Historic Churches
National Churches Trust
Totals		 Month
January
February
March
April
May
June
July
August
September
October
November
December		 PCC Grant
£200.00
£200.00
£200.00
£200.00
£200.00
£200.00
£200.00
£200.00
£200.00
£200.00
£200.00
£200.00
£200.00
£50.00
£50.00
£2,700.00		 Restricted funds
collected
£177.00
£33.00
£210.00		 Paid out
Date paid
£200.00
25/03/2022
£200.00
25/03/2022
£200.00
25/03/2022
£200.00
10/05/2022
£200.00
07/06/2022
£200.00
12/07/2022
£200.00
03/08/2022
£200.00
02/09/2022
£200.00
04/10/2022
£377.00
02/11/2022
£200.00
09/12/2022
£233.00
30/12/2022
£200.00
25/03/2022
£50.00
25/11/2022
£50.00
25/11/2022
£2,910.00		 Chq No.
BACS
BACS
BACS
BACS
3558
3559
3560
BACS
3561
BACS
BACS
BACS
BACS
S/O
S/O

Monetary gifts that did not go through the Church Accounts:

Christian Aid May (cake sale £169.67, envelopes £235.02) £404.69 Hants & Island Historic Churches November Ride & Stride £185.00 Children's Society December Christingle collection £250.53 Total £840.22 Grand total £3,750.22

We also support Traidcraft through church stall, plus gifts of food, clothes, toys etc to:

The Robert's Centre, All Saints Hostel, Stop Domestic Abuse, Portsmouth Family Welfare, Southampton Seafarer's Centre, Waterlooville food bank

Page 19 of 19