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2022-12-31-accounts

Portishead Church of England

Charity Registration No. 1145151

Trustees Report and Financial Statements

of

The Parochial Church Council of the Ecclesiastical Parish of Portishead

Year Ended

31 December 2022

The Parochial Church Council of the Ecclesiastical Parish of Portishead

Report of the Trustees Year ended 31 December 2022

INDEX

Page
Report of the Trustees 1
Independent Examiner’s Report 9
Statement of Financial Activities 10
Balance Sheet 11
Notes to the Financial Statements 12

The Parochial Church Council of the Ecclesiastical Parish of Portishead

Report of the Trustees Year ended 31 December 2022

Administrative Information

St Peter’s Church is situated between Church Road North (BS20 6PS) and Church Road South (BS20 6PU), Portishead, and St Nicholas’ Church (BS20 8EN) is situated on Nore Road, Portishead. The Parish is part of the Diocese of Bath & Wells within the Church of England. The correspondence address is The Church Office, St Barnabas Centre, West Hill, Portishead, Bristol, BS20 6LN.

Aim and Purposes

The aims and purposes of Portishead Church of England reflect our place within the Church of England, the Diocese of Bath and Wells and Portishead Deanery.

Within the Church of England:

‘The primary aim of all PCCs will be the promotion of the gospel of our Lord Jesus Christ according to the doctrine and practices of the Church of England.’

Portishead Church of England Vision Statement is ‘Growing and Going in God’s Love’

Page 1

The Parochial Church Council of the Ecclesiastical Parish of Portishead

Report of the Trustees Year ended 31 December 2022

Out of a conviction that God’s love is the beating heart of all that we do we recognise that this will impact our relationship with God, with one another and with others. We respond by seeking to:

Fundamentally the church in Portishead exists for the common good and flourishing – of those who are part of the worshipping community and those who are not.

Diocesan and Deanery Vision statements

We are part of Bath and Wells Diocese and sit within the Deanery of Portishead (Portishead, Nailsea, Clevedon, Long Ashton, Backwell, Yatton and the surrounding villages).

The Bath and Wells Diocesan Vision is: ‘In response to God’s immense love for us we seek to be God’s people living and telling the story of Jesus’. There are three priorities for action that sit alongside this:

Portishead Deanery Vision Statement is ‘ Because we work better together’.

This is explained in more detail as: ‘we see ourselves as part of the mission of God. The expression of this will be both seeking the lost and feeding the hungry, whilst expecting God to be at work here. We recognise the need to be both a Christian presence in every community and to preach the Gospel afresh in each generation.’ This has three priorities:

Objectives and Activities

Portishead Church of England is deliberately a diverse, inclusive and busy church, with many people involved in a range of different congregations, activities and acts of mission and service.

Over the course of 2022 we had the following priorities:

More details of these priorities can be found in our Mission Action Plan

Page 2

The Parochial Church Council of the Ecclesiastical Parish of Portishead

Report of the Trustees Year ended 31 December 2022

Achievements and Performance

We recognise that healthy finances are one way in which as a church we are able to deliver our objectives; most of the work is achieved through the generous gift of expertise and time. The value of this is hard to measure, but a calculation of the value of contributed time and expertise for our 2019 HLF Storyboat 700+ application suggested that, even in this limited project, the anticipated monetary value of volunteer contributions amounted to £53,560!

There are a huge number of people who contribute in a variety of ways. We have singled some out here, not because they are in any way more important than the many other people involved.

Ministry Team

We interviewed for the position of Team Pastor in January and were delighted to appoint Rev Tonya Nixon to the post. Tonya joined us with considerable experience as an incumbent, most recently as Rector of the Braydon Brook Benefice in Bristol Diocese. She was licensed by Bishop Ruth in a lovely service on 24[th] May. It has been a joy to welcome her into the team.

With Tonya as an additional member of the Team Rob was licensed as Co-Area Dean alongside Rev Astrid Tiessema-Samsom and with Rob Norman as Lay Dean at a service in St Mary’s Portbury by Rev Anne Gell, Archdeacon of Wells on 16[th] June. This is a role that gives him significant concerns beyond the parish, particularly at a time of financially driven cuts to Stipendiary Clergy.

Lindsay Smith, who had been a Portishead Ordinand, was licensed as Lay Curate in The Bishops Chapel in Wells on 1[st] July and then was ordained Deacon by Bishop Ruth in Wells Cathedral on October 2[nd] . It has been great to see her getting more involved in the life of the parish, not least through The Willow Garden, and Martha’s Kitchen.

Rev Laura Wheatley Downs was appointed to be Vicar of St John the Baptist Crowthorne in the summer and a small group from the parish were able to attend her licensing on 13[th] October. We miss her intelligence, sensitivity to people and the Spirit and joy of life but know that she will be a gift to her new parish.

Graham Finch completed his training as a Reader and joins our excellent team of Lay Readers in Simon Stephens and Mary Duncan. We are very blessed by their service.

Our search for a Children and Youth Worker has sadly not yet proved fruitful. I am grateful to Rev Mark Fuller for taking on oversight of this important area of church life alongside the many other things that he is responsible for.

Kathryn Phillips joined the team of Churchwardens at our Annual Meeting in May and Jennie McDuff stepped forward as a Deputy Warden. They have joined our very able and hardworking team of Pearl Walker and Paul Jeffery (Churchwardens) and Olwyn Keiro Watson and Chris Harries (Deputy Wardens). The wardens have had a very busy year and we are hugely grateful for all that they give.

Wendy Ballard was appointed as Church Administrator in March and she brought a lot to the Church Office. Sadly she had to step down as both Treasurer and Administrator for personal reasons and but we were delighted to appoint Rachel Skraba to the post of Administrator early in 2023 and that Adrian Cocker stepped forward to be Treasurer. They are both great additions to the team.

Page 3

The Parochial Church Council of the Ecclesiastical Parish of Portishead

Report of the Trustees Year ended 31 December 2022

Summary of Activities

Pastoral

Huge thanks to Jean Eburne and the Pastoral Assistants for continuing to care for people while we were waiting to appoint a Team Pastor. Tonya has arrived and given great support to this team while overseeing this whole area of our life and ministry

The occasional offices (Weddings, Baptisms and Funerals) are a mainstay of our pastoral and outreach work.

Worship

As we came out of Covid restrictions in 2021 we adapted our pattern of services as we sought to respond to the Spirit’s leading and the responses we had had to our listening exercise. While there was much that was appreciated about our fortnightly services combining the best of the different traditions of our worship the varying time proved problematic for many people and in September we went to a more regular pattern with services each week at 9.45 and 11.30 in St Peter’s and at 9.30 at St Nicholas. The introduction of a monthly service of Morning Worship at each of the 9.30 and 11.30 services at St Nicholas’ and St Peter’s has provided a bit more variety. We have retained the pattern of a united service at 10.30 on the 5[th] Sunday of the month. The monthly Café Church at St Nicholas’ has proved very popular while Praise and Prayer and Haven on Sunday evenings at St Peter’s have provided a good and popular contrast with our monthly Evensong.

We have continued to stream our 9.45 service enabling a small but significant number of people to join in worship from home. A real bonus from the Covid pandemic. Thanks to our Tech Team, led by Rupert, who ably support us with Sam Rowe being an increasingly knowledgeable and nearly indispensable part of this team.

Christmas 2022 provided real encouragement with the welcome return of school carol services and most of our services well attended.

Huge thanks to all who lead and facilitate worship with particular thanks to our musicians, choirs, music group and tech team.

Outreach / Community

We have continued to be a presence for good in this community, seeking to live as the people of God here. It has been particularly exciting that much of our outreach has been done in partnership with other churches or organisations. Some highlights of our activities in the last year have been.

Willow Garden – a prescribable garden in the grounds of Portishead Health Centre in partnership with the Health Centre and the Baptist Church through Rev Lindsay Caplen. Lindsay Smith has been the leader of this project seeing a number of people joining her regularly to garden and additional events such as a Pumpkin Party with GVC and the beginnings of regular worship.

Martha’s Kitchen has continued to meet in partnership with the Methodist Church, again with Lindsay Smith being instrumental in this. It has provided vital opportunity for some more vulnerable families to enjoy hot food and other activities on Tuesdays during school holidays.

Page 4

The Parochial Church Council of the Ecclesiastical Parish of Portishead

Report of the Trustees Year ended 31 December 2022

The Gordano Christians Against Poverty Centre was set up in conjunction with a handful of other churches in Portishead, Clevedon and Nailsea. The centre manager, Ann Tarr, has been doing excellent work helping those trapped in debt to find a route out of this.

The Gordano Chaplain project has seen four Portishead Churches work with the school to provide a part time chaplain for staff and students. Becky Cox has made a huge impact and the school increased her hours in the 2021-22 academic year. We are currently fundraising to try to allow this project to continue beyond the original end date in the summer.

We have participated in the national Warm Places initiative through Warm Space in the Lighthouse at St Nicholas on a Friday evening and Soup ‘n’ Roll at St Peter’s on Tuesday lunchtime. Soup ‘n’ Roll has been particularly popular with a number of people gathering each week to enjoy sustenance and conversation.

Children and Families

Sadly we were unable to appoint a Children and Youth Worker in spite of advertising twice. Mark Fuller has picked up oversight of our Children and Youth – for which we are hugely grateful.

Further challenges have been presented by the loss of a dedicated space for Pebbles; our YR-5 children’s’ work on a Sunday morning. Our small team of volunteers have done sterling work running this group at the back of church (again not helped by the loss of the NW corner to cracking in the summer. The number of primary school age children in our services has fallen since lockdown, though we are engaging with them in other ways

Youth Church has found a good space to meet in the ringing chamber and this group has done really well, again with the support of a great team of volunteers. The Y8&9 children have met on alternate Wednesdays in St Peter’s as Ragamuffins (thanks to Fiona Doughton and Sylvia Knightbridge for taking this on after Laura left us. The young people have also been meeting monthly with young people from GVC at St Nicholas.

Tuesday mornings sees St Peter’s buzzing with activity with the Refresh Group for Parents and pre-school children, an initiative that started after lockdown and has continued since, impacting a significant number of children. Church Tots on Tuesday afternoon has smaller numbers, but continues thanks to Gill Colston and Lesley Flanders.

The Gathering has reverted to meeting monthly in St Peter’s School. We are thankful to them for their support. It has been great to see growth taking place here, with a number of families attending regularly.

Discipleship

Our weekly video recording of Thought for the Day has continued and proved very popular. A small group have continued to meet weekly for midweek ‘Coffee’ over Zoom.

Lent

Home Groups have continued to meet – some of them still over Zoom and have provided nourishment, fellowship and support to those involved.

Deanery Synod

Portishead Parish sits within Portishead Deanery. We have three representatives on Deanery Synod. In 2022 in response to a Diocesan financial shortfall following Covid Portishead Deanery was asked to launch a review and consultation with the aim of reducing its number of stipendiary clergy from 16 to 13. This will take place over the next 3 to 5 years. It will have an impact on Portishead Parish as we will likely see our allocation of stipendiary clergy fall from 3 to 2.

Future Plans

Page 5

The Parochial Church Council of the Ecclesiastical Parish of Portishead

Report of the Trustees Year ended 31 December 2022

Finance – while our giving has held up really well rising costs have meant that we have needed to trim our administrative support from 27 to 22 hours a week. We have also paused our partnership giving. This year needs to see a focus on growing our income and restoring this support to our mission partners. We are delighted to have a new Treasurer in Adrian Cocker who will be a huge help in this.

Building – cracks in the North West corner of St Peters remain a concern. We are still waiting for advice on how to repair these, but there will need to be an appeal to the community to help us to cover these costs.

Children and Families – we need to revisit the matter of supporting our Children and Youth work. There is money set aside to do this and we need to review the need and seek to appoint the right person.

Worship – we are underway with the upgrading of our PA system to make our worship at St Peter’s run more smoothly. We are delighted that our tech team have put together a much cheaper route than that which was quoted to us and we are looking forward to movement taking place swiftly here.

Mission – we need to establish a clear way of continuing to become more missional and partnering in mission in our own community and further afield.

Pastoral Support – we need to conduct a review of our ministry of weddings, baptisms and funerals making sure that we are offering the best missional care we can while also looking at fresh ways to publicise our offering and making the best use of our space and resources.

Financial Review

The principal funding sources for both churches are the generous giving of members (including Gift Aid) and income from weddings and funerals and other parish activities.

Expenditure has satisfied the charitable objectives by supporting the advancement of the Christian faith, children and youth work and a wide range of community services.

Reserves Policy

The PCC has sought to build up free reserves to a level, both to support the operations of the church during any temporary reduction in income and also to enable a controlled rundown of activities, if it became no longer feasible to continue its operations. The Trustees are therefore working towards holding free reserves at a level equal to 4 months’ staffing liabilities, 1 month’s Parish Share and 3 months’ running costs. In measuring free reserves the Trustees exclude the designated funds set aside to meet essential future spending.

At the end of 2022, total reserves were £195,110 ( 2021 - £199,721 ) with free reserves of £98,750 ( 2021 - £105,675 ).

Structure, Governance and Management

The PCC is a corporate body established by the Church of England. The appointment of PCC members is governed by and set out in the Church Representation Rules (Church House Publishing, revised 2020). All PCC Members are Trustees.

PCC members serve on Action Groups specific to particular areas of the church’s life (Finance, Welcome and Witness, Mission, Worship, Nurture, Buildings, Children and Families) answerable to the PCC with delegated responsibility to advise the PCC and act on its behalf within its Terms of Reference.

Trustees are either appointed ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. All Trustees are given the Charity Commission publication CC3 'The Essential Trustee - What You Need to Know' to assist in the induction process and to allow all new

Page 6

The Parochial Church Council of the Ecclesiastical Parish of Portishead

Report of the Trustees Year ended 31 December 2022

trustees to be aware of their legal responsibilities. The Diocese provides PCC (membership, trustee) training and all new PCC members are obliged to attend.

Office Holders. Deanery Synod Members & PCC Members 2022

Team Rector Revd Rob Eastwood Dewing Team Pastor Revd Tonya Nixon from 24[th] May 2022 Team Pilgrim Revd Mark Fuller Curate Revd Laura Wheatley Downs until 31[st] August 2022 Revd Lindsay Smith from 2[nd] October 2022 Reader Representative Simon Stevens Church Wardens Paul Jeffery Steph McGilvary until 18[th] May 2022 Kathryn Phillips from 18[th] May 2022 Pearl Walker Deputy Wardens Chris Harries Olwyn Kiero Watson Jennie McDuff from 18[th] May 2022 Kathryn Phillips until 18[th] May 2022 Representatives on Deanery Synod Betty Jeffery Paul Jeffery Gill Ogden Elected Members Wendy Ballard until 16[th] January 2023 Amy Broyd Rosey Dimond Stephen Head until 18[th] May 2022 Beth Hobbs Genevieve Kiero Watson until 18[th] May 2022 Olwyn Kiero Watson David Moore re-elected 18[th] May 2022 Funso Ojo Kathryn Phillips Linda Taylor Pearl Walker until 18[th] May 2022 Rodney Wheeler from 18[th] May 2022 Diane Yeoman from 18[th] May 2022 Treasurer Wendy Ballard until 16[th] January 2023 Adrian Cocker from 08[th] March 2023 Co-opted: Secretary Gill Colston Safeguarding Link Katherine Benjamin from 18[th] May 2022 Invited: URC Representative Rosie Weekes Safeguarding Officer Claire Short

Page 7

The Parochial Church Council of the Ecclesiastical Parish of Portishead

Report of the Trustees Year ended 31 December 2022

Reference and Administrative details

Registered Charity number

1145151

Principal address

The Church Office, St Barnabas Centre, West Hill, Portishead, Bristol, BS20 6LN

Independent Examiner

Andrew Jordan FCA ICAEW Haines Watts Chartered Accountants Bath House Bath Street Bristol BS1 6HL

Approved by order of the board of trustees on 08 March 2023 , and signed on its behalf by:

………………………………………………………………… Revd R Eastwood Dewing Team Rector

Page 8

The Parochial Church Council of the Ecclesiastical Parish of Portishead

Report of the Trustees Year ended 31 December 2022

Independent examiner's report to the trustees of The Parochial Church Council of the Ecclesiastical Parish of Portishead

I report to the charity trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of Portishead (the Charity) for the year ended 31 December 2022.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

……………………………………………………

Andrew Jordan FCA Institute of Chartered Accountants in England and Wales Haines Watts Chartered Accountants Bath House 6 - 8 Bath Street Bristol BS1 6HL Date: .............................................

Page 9

St Peter's Church & St Nicholas' Church

Charity Registration No. 1145151

Statement of Financial Activities

For the year ending 31st December 2022

Note
INCOME & ENDOWMENTS
Donations and Legacies
2a
Charitable Activities
2b
Charitable and Ancillary Trading
2c
Investments
2d
Administrative Activities
2e
TOTAL INCOME
EXPENDITURE
Expenditure on Charitable Activities
3a
Expenditure on Raising Funds
3b
TOTAL EXPENDITURE
NET INCOME
Transfers between Funds
NET MOVEMENT IN FUNDS
Total Funds Brought Forward
Total Funds Carried Forward		 Unrestricted Funds
£
228,615
24,764
9,221
1,065
1,548
265,213
271,075
422
271,497
-6,284
-175
-6,459
177,648
171,189		 Restricted Funds
£
30,675
360
31,035
29,362
29,362
1,673
175
1,848
22,073
23,921		 Total 2022
£
259,290
24,764
9,581
1,065
1,548
296,248
300,437
422
300,859
-4,611
-4,611
199,721
195,110		 Total 2021
£
251,951
16,625
5,817
183
274,576
312,568
871
313,439
-38,863
-38,863
238,584
199,721

Page 10

St Peter's Church & St Nicholas' Church

Charity Registration No. 1145151

Balance Sheet

For the year ending 31st December 2022

Note
FIXED ASSETS
Fixed Assets
4
CURRENT ASSETS
Debtors and Prepayments
5
Short Term Deposits
Cash at bank and in hand
LIABILITIES
Creditors - amounts falling due within one year
6
NET CURRENT ASSETS
TOTAL NET ASSETS
PARISH FUNDS
Unrestricted
7a
General Fund
Communications Fund (Formerly AV Upgrade Fund)
Repair Fund
Storyboat 700 Fund
Children and Family Worker Fund
Building Reserves Fund
Minimum Recommended Reserve Fund
Restricted
7b
Gordano Chaplain Fund
St Nicholas' Fund
Lee Abbey Fund
Phelps Sunday School Trust
Portishead Counselling Scheme
St Peters Legacy Fund (Caroline Poole)
Play With God
Church Clock Fund
Fabric Fund
Bell Fund		 2022
£
0
0
16,160
139,211
60,784
216,155
21,045
195,110
195,110
98,750
6,364
9,097
13,678
13,300
30,000
171,189
2,740
500
388
3,473
4,004
1,819
1,346
9,651
23,921
195,110		 2021
£
0
0
19,575
139,211
67,896
226,682
26,961
199,721
199,721
105,675
6,364
22,397
3,097
10,115
30,000
177,648
444
3,269
500
388
3,473
4,004
1,819
6,460
1,716
22,073
199,721

The financial statements were approved by the Board of Trustees and authorised for issue on 08 March 2023, and were signed on its behalf by:

Revd R Eastwood Dewing Team Rector

Page 11

St Peter's Church & St Nicholas' Church

Charity Registration No. 1145151

Notes to the Financial Statements

For the year ending 31st December 2022

ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102 - effective 1 January 2019) 'Accounting and Reporting by Charities: Statement of Recommended Practice, for entities within the UK and Republic of Ireland, and the Charities Act 2011. And these have been prepared under the historical cost convention.

These statements are prepared in sterling and rounded to the nearest £.

There are no material uncertainites about the charity's ability to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves.

Income

Fees and other forms of income are recognised in the Statement of Financial Activities once the charity has entitlement to these monies, or it is probable that income will be received and that the expected amounts can be measured reliably. Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under gift aid is recognised only when received. Income tax recoverable on gift aid donations is recognised when the related income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due. Rental income from the letting of church premises is recognised when the rental is due. Other income is recognised on a receipts basis. The value of services provided by volunteers has not been included.

Grants These are recognised in full in the Statement of Financial Activities in the year in which they are receivable, where all conditions associated with the grant have been met. Where conditions are not yet satisfied, the grant is treated as a liability until these have been (substantially) met.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive commitment to that expenditure, or it is probable that there is an obligation to make settlement and the amount due can be measured reliably. Expenditure is accounted for on an accruals basis and categorised under headings to aggregate related types of cost. Where these cannot be attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting Unrestricted Funds are monies available for spending on the general purposes of the PCC, including amounts designated for fixed assets for its own use, or for spending on future projects and which are therefore not included in its ‘free reserves’ as disclosed in the trustees’ report..

Restricted Funds can only be spent for the purposes for which these monies have been ring-fenced Details of the restricted funds held by the PCC, are shown in the notes to the accounts.

Donated goods, services and facilities These are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the gift, which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Volunteer time is not recognised in accordance with the SORP. Fixed assets Consecrated and beneficed property of any kind is excluded from the statutory definition of ‘charity’ by Section S.10(2) (a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statement. Moveable Church Furnishings are capitalised at cost and depreciated over their useful economic life other than where insufficient cost information is available. All items are included in the Church's inventory. Tangible Fixed Assets for use by the charity are capitalised if they can be used for more than one year and individually cost at least £1,000. They are valued at cost or else, for gifts-in-kind, at a reasonable estimate of their open market value on receipt. Debtors Debtors are measured on initial recognition at settlement amount after any amounts advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

Creditors

The charity has creditors which are measured at settlement amounts.

Financial instruments

The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Judgements and key sources of estimation uncertainty

No judgements (apart from those involving estimates) or key estimates have been made in the process of applying the above accounting policies.

Short term liquid investments and cash

Cash at bank is held to meet short-term commitments, as they fall due, rather than for investment purposes and includes all cash equivalents held in the form of short-term highly liquid investments. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Page 12

St Peter's Church & St Nicholas' Church

Charity Registration No. 1145151

NOTES TO THE FINANCIAL STATEMENTS

For the year ending 31st December 2022

INCOME AND ENDOWMENTS

Notes
2a
Donations and Legacies
Collections
Planned Giving
Tax Repayment (Gift Aid)
Legacies
Donations and Appeals
2b
Income from Charitable Activities
Fees from Weddings and Funerals
Grants
Income from Parish Activities
2c
Income from Charitable and Ancilliary Trading
Parish Magazine
Church Hall Lettings & Rents
Fetes and Other Fund Raising Events
DCMS Scheme
2d
Income from Investments
Dividends and Interest
2e
Income from Administrative Actvity
HMRC recovered NI for employers
TOTAL INCOME		 Unrestricted Funds
£
8,438
168,938
37,917
500
12,822
228,615
17,105
6,134
1,525
24,764
3,606
3,276
877
1,462
9,221
1,065
1,065
1,548
1,548
265,213		 Restricted Funds
£
420
350
29,905
30,675
360
360
31,035		 Total 2022
£
8,438
169,358
38,267
500
42,727
259,290
17,105
6,134
1,525
24,764
3,606
3,276
1,237
1,462
9,581
1,065
1,065
1,548
1,548
296,248		 Total 2021
£
8,072
173,723
35,950
11,001
23,205
251,951
11,025
0
5,600
16,625
3,728
137
1,952
0
5,817
183
183
274,576

Page 13

St Peter's Church & St Nicholas' Church

Charity Registration No. 1145151

NOTES TO THE FINANCIAL STATEMENTS

For the year ending 31st December 2022

EXPENDITURE

otes
3a
11
8
12
3b		 Expenditure on Charitable Activities
Charity Management & Administration:
Advertising
Bank Charges
Depreciation
Insurance
Music Expenses (formally Choir & Organist)
Other Parish Expenses
Parish Office
Independent Examiner
Photocopying
Printing & Stationery
Fees for Weddings and Funerals
Children & Family Worker Expenses
Church Running Costs:
Church Electricity Oil & Gas
Church Major Repairs
Church Routine Repairs
Church Telecoms
Church Water & Sewage
Church Tots / Toddlers
Clergy Expenses:
Asst Clergy & Curate Expenses
Clergy Vacancy Expenses
Team Pastor Expenses
Team Pilgrim Expenses
Team Rector Expenses
Cost of Services:
IT and AV Costs
Misc Cost for Services
Refreshments and Flowers for Services
Wine/Wafers/Candles
Diocesan Quota
Employee Costs
Mission and Evangelism Costs
Grants
Parish Magazine Costs
Partnership Giving
Special Collections
Training Courses
Upkeep Services
Total
Expenditure on Raising Funds
Donations and Appeals
Fetes & Other Fund Raising Events
Lighthouse Expenses
TOTAL RESOURCES USED		 Unrestricted Funds
£
979
2,539
6,682
3,823
1,582
1,200
1,864
514
3,274
252
22,709
4,089
12,286
3,786
1,325
321
21,807
1,582
669
1,203
2,938
2,192
8,584
445
240
710
471
1,866
168,142
17,282
169
4,179
20,010
5,026
139
1,162
216,109

271,075
422
422
271,497		 Restricted Funds
£
10,099
10,099
19,263
19,263
29,362
0
29,362		 Total 2022
£
979
2,539
6,682
3,823
1,582
1,200
1,864
514
3,274
252
22,709
4,089
22,385
3,786
1,325
321
31,906
1,582
669
1,203
2,938
2,192
8,584
445
240
710
471
1,866
168,142
36,545
169
4,179
20,010
5,026
139
1,162
235,372
300,437
422
422
300,859		 Total 2021
£
435
881
3,430
2,462
10,509
19,286
534
1,200
39
875
0
854
40,505
2,337
10,899
3,202
2,056
244
18,738
890
1,437
938
3,265
695
695
167,637
42,388
4,091
20,000
2,572
11,210
1,467
249,365
312,568
673
198
871
313,439

Notes

Page 14

St Peter's Church & St Nicholas' Church

Charity Registration No. 1145151

NOTES TO THE FINANCIAL STATEMENTS

For the year ending 31st December 2022

TANGIBLE ASSETS

Notes

4
Fixed Assets
St Peter's AV system
Cost
£
As at 31st December 2021
0
Additions
Disposals
As at 31st December 2022
0
Depreciation
As at 1st January 2021
Provided in year
Amount written off re disposals
As at 31st December 2022
0
Net Book Value
As at 31st December 2021
0
As at 31st December 2022
0
5
Debtors and Prepayments
Income Tax Recoverable
Prepayments
Other Debtors
6
Creditors - amounts falling due within one year
Accruals
Other Creditors		 Photocopier
£
0
0
0
0
0		 Computer
£
0
0
0
0
0		 Website
£
0
0
0
0
0
2022
£
6,732
865
8,563
16,160
2022
£
16,159
4,886
21,045		 Total
£
0
0
0
0
0
2021
£
9,435
1,000
9,140
19,575
2021
£
3,807
23,154
26,961

Page 15

St Peter's Church & St Nicholas' Church

Charity Registration No. 1145151

NOTES TO THE FINANCIAL STATEMENTS

For the year ending 31st December 2022

ANALYSIS OF FUNDS

Notes

7
7a
7b		 PCC Property Interests
Tangible Assets
Net Current Assets
Movements within Funds - 2022
Unrestricted Funds
General Fund
Communications Fund
Repair Fund
Storyboat 700 Fund
Children and Family Worker Fund
Building Reserves Fund
Minimum Recommended Reserve Fund
Restricted Funds
Gordano Chaplain Fund
St Nicholas' Fund
Lee Abbey Fund
Phelps Sunday School Trust
Portishead Counselling Scheme
St Peters Legacy Fund
Play With God
Church Clock Fund
Fabric Fund
Bell Fund
Movements within Funds - 2021
Unrestricted Funds
General Fund
Communications Fund
Repair Fund
Minimum Recommended Reserve Fund
Storyboat 700 Fund
Children and Family Worker Fund
Restricted Funds
Gordano Chaplain Fund
St Nicholas' Fund
Lee Abbey Fund
Phelps Sunday School Trust
Portishead Counselling Scheme
St Peters Legacy Fund
Play With God
Embrace the Future Development Fund
Church Clock Fund
Fabric Fund		 Unrestricted Funds
£
161,684
161,684		 Restricted Funds
£
23,921
23,921
1st January
£
105,675
6,364
22,397
3,097
10,115
30,000
177,648
1st January
£
444
3,269
500
388
3,473
4,004
1,819
6,460
1,716
22,073
1st January
£
104,230
6,364
22,397
30,000
28,495
14,625
206,111
1st January
£
6,878
4,169
500
686
3,474
4,004
1,819
3,826
3,501
3,616
32,473		 Total 2022
£
185,605
185,605
Incoming
£
256,633
4,591
3,990
265,214
Incoming
£
21,383
9,651
31,034
Incoming
£
257,641
1,261
5,538
264,440
Incoming
£
9,716
420
10,136		 Unrestricted Funds
£
177,648
177,648
Transfers
£
1,951
-13,300
-1,952
-175
13,300
-176
Transfers
£
175
175
Transfers
£
-3,491
-3,491
Transfers
£
3,491
3,491		 Restricted Funds
£
22,073
22,073
Outgoing
£
-265,509
-5,736
-252
-271,497
Outgoing
£
-19,262
-3,269
-6,460
-370
-29,361
Outgoing
£
-252705
-26,659
-10,047
-289,411
Outgoing
£
-19641
-900
-299
-3,826
-2,539
-1,900
-29,105		 Total 2021
£
199,721
199,721
31st December
£
98,750
6,364
9,097
13,678
13,300
30,000
171,189
31st December
£
2,740
500
388
3,473
4,004
1,819
1,346
9,651
23,921
31st December
£
105,675
6,364
22,397
30,000
3,097
10,115
177,648
31st December
£
444
3,269
500
387
3,474
4,004
1,819
6,460
1,716
22,073

Page 16

St Peter's Church & St Nicholas' Church Charity Registration No. 1145151

NOTES TO THE FINANCIAL STATEMENTS For the year ending 31st December 2022

ANALYSIS OF FUNDS

Notes

Purposes and any restrictions imposed on each fund

Unrestricted Funds

General Fund The PCC's core vehicle for managing operational receipts and expenses. Communications Fund To cover the costs of upgrading the AV system in St. Peter's church. Repair Fund For general repairs to St. Peter's and St. Nicholas churches. Storyboat 700 Fund Established to manage spending of funds received from Heritage Lottery for building repairs. Children and Family Worker Fund Fundraising for the future costs of employing a Children & Youth worker. Building Reserves Fund Monies put aside each year to cover maintenance and repairs identified through Quinquennial inspections, due next in 2026. Minimum Recommended Reserve Fund The notional minimum savings required to meet expenditure policy.

Restricted Funds

Gordano Chaplain Fund Donations to cover the costs of providing a chaplain to Gordano School. Jointly funded with Portishead Churches Together. St Nicholas' Fund Funds provided by individuals to be expended on parish activity at St Nicholas church. Lee Abbey Fund Bursary to enable individuals to attend the Parish weekend away, who could not otherwise afford to participate. Phelps Sunday School Trust A long standing trust set up originally to underwrite the costs of Sunday school activities. Portishead Counselling Scheme To support Relate Counsellors at St Barnabas. Sessions were paused for Covid, and haven't been restarted. St Peters Legacy Fund Bequest from Caroline Poole (a former chorister) to support on-going provision of music in St. Peter's church. Play With God Covering expenditure connected with church organised activites for young children. Church Clock Fund Monies raised and expended to restore the clock at St Peter's Church. Fabric Fund For maintenance of internal fabric furnishings. Bell Fund To manage application of donations for renovation and maintenance of the church bells.

Page 17

St Peter's Church & St Nicholas' Church

Charity Registration No. 1145151

NOTES TO THE FINANCIAL STATEMENTS

For the year ending 31st December 2022

SALARIES and OTHER COSTS

Notes

8 Paid by the Parish

Secretarial, Administration and Data Management
Youth Work
Gordano Chaplain
Musicians
Vergers
Average number of people employed during the year
Salaries1
National Insurance
Pension Contributions2		 2022
£
13,521.11
17,357.00
30,878.11
5,927.31
5,927.31
3
35,806.25
738.77
36,545.02		 2021
£
13,851.00
9,454.00
19,083.00
42,388.00
3,100.00
3,100.00
3
40,817.00
1,571.00
42,388.00

1 - No employees received emoluments in excess of £60,000

9 Trustees Emoluments

No Trustee received remuneration from Parish funds, or incurred any expenses, for any services performed in respect of their PCC duties.

10 Related Parties

There were no related party transactions during the year (2021 - £nil).

Grants totalling £7,000 (2021 - £7,000) were paid to charities where there are trustees in common with the PCC.

11 Amounts donated by Trustees

Amounts donated by Trustees
Planned Giving
Tax Repayment		 2022
£
21,246
4,062
25,308		 2021
£
31,063
7,766
38,829

11 Cost of Independent Examination

2022 2021
£ £
1,200.00 1,200.00

Page 18

St Peter's Church & St Nicholas' Church

Charity Registration No. 1145151

NOTES TO THE FINANCIAL STATEMENTS

For the year ending 31st December 2022

PARTNERSHIP GIVING

12 Mission Partnership Donations from Parish Funds 2022 2021
£ £
GLOBAL (60%)
Christian Aid 4,000 4,000
Vula Amehlo Trust (Pasture Valley) * 3,500 3,500
Kanamai Development Trust * 3,500 3,500
St Peters Church (Uganda) # 1,000 1,000

Institutional grant recipients marked * have at least one trustee in common with this Charity, or a stake holder interest #

NATIONAL (15%)
Samaritans
The Children's Society
LOCAL (25%)
Christians Against Poverty
St Peters School
Trinity School
St Peters Hospice
Wellspring Counselling
Bridges for Communities
Next Link
Subject to Mission Action Plan Donation
13
Partnership Funds Raised via Special Service Collections
CHARITY NAME
Childrens Society
Christian Aid
Ukraine DEC Fund
Total raised		 1,500
1,500
1,500
1,500
2,000
2,000
500
500
500
500
500
500
500
500
500
500
500
500
10
0
20,010
20,000
2022
£
557
460
4,087
5,104

Page 19

St Peter's Church & St Nicholas' Church

Charity Registration No. 1145151

NOTES TO THE FINANCIAL STATEMENTS

Statement of Financial Activities For the Year Ending 31st December 2021

Prior Period Comparitive SOFA Restated

INCOME & ENDOWMENTS
Donations and Legacies
Charitable Activities
Charitable and Ancillary Trading
Investments
TOTAL INCOME
EXPENDITURE
Expenditure on Charitable Activity
Expenditure on Raising Funds
TOTAL EXPENDITURE
NET INCOME
Transfers between Funds
NET MOVEMENT IN FUNDS
Total Funds Brought Forward
Total Funds Carried Forward		 Unrestricted Funds
£
242,235
16,625
5,397
183
264,440
288,541
871
289,412
-24,972
-3,491
-28,463
206,111
177,648		 Restricted Funds
£
9,715
420
10,135
24,027
24,027
-13,892
3,491
-10,401
32,473
22,072		 Total 2021
£
251,950
16,625
5,817
183
274,575
312,568
871
313,439
-38,864
-38,864
238,584
199,720

Page 20