2023-12-31-accounts - Parochial Church Council Of Holy Saviour Bitterne

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3years			2years	1 year
Brian A	res		Sue Bell	Joanne A	res-Proctor
Christo	her Harris		Alison Lar e	Rebecca	Baillie
Fiona Hutchin		s	Claire Moore	Katherine	Coo er
Ro er Moran			Sue Re nolds	Kevin Sewers
James	Roberts		Vacanc	Vacanc

Our Advisors:	Our Advisors:
Independent	Examiner	Knight Goodhead		Limited
		7 Bournemouth	Road
		Chandler's Ford
		Eastleigh
		Hampshire
		SO53 3DA
Bankers:		HSBC
		55 Above Bar	Street
		Southampton
		SO147DZ
Investment	Managers:	CCLA Investment	Management		Ltd
		Senator House
		85Queen Victoria	Street
		London
		EC4V4ET

		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	funds	2023	2022
	Notes	8	8	8
INCOME
Donations and legacies	2	155,310	28,950		184,260	182,781
Charitable activities	3	31,435	9,000		40,435	36,149
Investment income	4	4,554	2,584		7,138	2,191
Profit on disposal	9		544,478		544,478
Total income		191,299	585,012		776,311	221,121
EXPENDITURE
Charitable activities	5	252,019	543,004		795,023	250,691
Total expenditure		252,019	543,004		795,023	250,691
NET INCOME FOR THE YEAR AND NET MOVEMENT IN FUNDS		0	, 0		2)	(2,570)
TRANSFERS BETWEEN FUNDS	15	237,197	(237,197)
NET INCOME		176,477	(195,189)		(18,712)	(29,570)
NET MOVEMENT IN FUNDS		176,477	(195,189)		(18,712)	(29,570)
FUND BALANCES AT 1 JANUARY 2023		1,019,314	217,369	7,571	1,244,254	1,273,824
FUND BALANCES AT 31 DECEMBER 2023	15	1,195,791	22,180	7,571	1,225,542	1,244,254

BALANCE SHEET AS	AT 31 DECEMBER 2023	AT 31 DECEMBER 2023	AT 31 DECEMBER 2023
						2023		2022
			Notes		f	8	6	6
FIXEDASSETS
Tangible assets						1,106,444		1,280,745
CURRENT ASSETS
Debtors			11		5,874		4,837
Deposits			10		93,650		169,268
Cash at bank and	in hand		12	549,314			76,607
				648,838			250,712
CREDITORS: amounts		falling
due within one year			13		(91,727)		(20,971)
NET CURRENT ASSETS						557,111		229,741
LONG TERM CREDITORS
amounts falling due		aRer	more
than one year			14			(438,013)		(266,232)
NET ASSETS						1,225,542		1,244,254
FUNDS			15
Unrestricted						1,195,791		1,019,314
Restricted						22,180		217,369
Endowment						7,571		7,571
TOTAL FUNDS						1,225,542		1,244,254
Approvedbythetrusteeson			2fpnv~ ~a.+
and signed on their behalf by:
Fiona Hatching(t				Tony	Palmer
Treasurer				Vicar

CASHFLOW STATEMENT	CASHFLOW STATEMENT
FOR THE YEAR ENDED 31		DECEMBER2023
						2023	2022
					Notes
	NET CASH FLOW PROVIDED By OPERATING			ACTIVITIES		(281,416)	(269,903)
	CASH FLOWS FROM INVESTING		ACTIVITIES
	Interest received					7,138	2,191
	Purchase of Investments					(65,087)
	Disposal of investments					140,705	154,559
	CASH FLOWS FROM FINANCING		ACTIVITIES
	Purchase offixed assets					(51,330}	(121,851)
	Sale offixed assets					744,478
	Interest due					(21,781)
	Repayments of borrowing
	NET CASH FLOW					472,707
	Change in cash and cash equivalents in the year					472,707	(235,004)
	Cash and cash equivalent at start ofthe year					76,607	311,611
	Cash and cash equivalents at	the	end ofthe	year		549,314
NOTES TO THE CASHFLOW		STATEMENT FOR THE			YEAR ENDED 31DECEMBER 202$
1	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING					ACTIVITIES
						2023	2022
							8
	Net income /(expenditure) forthe year					(18,712)	(29,570)
	Interest received					(7,138)	(2,191)
	Interest due					21,781
	Depreciation					25,631	5,102
	Profit on disposal offixed assets					(544,478)
	Increase in debtors					(1,037)	(708)
	Increase/(decrease) in creditors					70,756	(16,157)
	Increase/(decrease) in debt					171,781	(226,379)
	Net cash flow from operating	activities				(281,416)	( 69,

2	ANALYSIS OF CASH AND	CASH EQUIVALENTS
				2023		2022
	Cash at bank and in hand			549,314		76,607
			At 1		Non cash	At31
3	ANALYSIS OF CHANGES	IN NET DEBT	fan 2023	Cash flows	movements	Dec 2023
	Cash at bank and in hand		76,607	472,707		549,314
	Debt due within one year
	Debt due after one year		(266,232)	(171,7B1)		(438,013)
			(189,625)	300,926		111,301

DONATIONS AND	LEGACIES				2023	2022
		Unrestricted		Restricted	Total	Total
			funds	funds	funds	funds
			6	6	t	6
Gift Aid bank orders and cheques			62,607		62,607	68,222
Income Tax recovered			28,964	4,969	33,933	32,180
Non GIR Aid bank and envelopes			6,459		6,459	6,832
Church collections			7,926		7,926	8,734
Donations			47,764	12,130	59,894	52,882
Parish activities			1,490		1,490	1,052
Legacies			100		100
Redevelopment	grants/donations			11,851	11,851	12,879
			155,310	28,950	184,260	182,781
e were no donated	services and facilities receivable	which could be quantified	in the year	(2022- none).
CHARITABLE ACTIVITIES					2023	2022
		Unrestricted		Restricted	Total	Total
			funds	funds	funds	funds
					6	6
Church Activities
Weddings and	funerals		13,982		13,982	12,451
Hall lettings			4,020		4,020	3,542
			18,002		18,002	15,993
Fundraising
Sundry income			5,933		5,933	3,831
Grants received			7,500	9,000	16,500	16,325
			13,433	9,000	22,433	20,156
			31,435	9,000	40,435	36,149
INVESTMENT INCOME					2023	2022
		Unrestricted		Restricted	Total	Total
			funds	funds	funds	funds
				6	6	6
Interest received			4,554	2,584	7,138	2,191

ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES		Unrestricted	Restricted	Total	Total
		funds	funds	2023	2022
	Notes	f	8	8	f
Grants to Fukher the Work ofthe Church
Overseas missions	7	12,856	8,600	21,456	21,043
Home missions		769		769	706
Church Expenses
Worship		2,614		2,614	2,462
Parish Share		71,004		71,004	72,404
Youth and Children		4,972	1,000	5,972	5,281
Evangelism		39		39
Lay training		2,125		2,125	1,141
Weddings and funerals		6,624		6,624	7,154
Parish activities		9,292		9,292	7,017
Depreciation		25,631		25631	5 102
Property
Heating, lighting and water		21,431		21,431	15,051
Insurance		10,859		10,859	6,659
Property maintenance		7,863		7,863	15,398
Redevelopment costs			524,404	524,404	36,708
Cleaning materials		551		551	650
Loan interest		21,781		21,781
Management
Staff salaries and oncosts	8	35,386	9,000	44,386	44,318
Recruitment costs		3,000		3,000
Incumbent and Deacon's expenses		380		380	1,166
Support and Governance
Supportcosts		11,422		11,422	9,007
Governance costs		3,420		3,420	(576)
TOTAL EXPENDITURE		252,019	543,004	795,023	250,691

				General	General		Total	Basis of
				Support		Governance	Funds	Apportionment
							8
Office costs					5,395		5,395	Usage
Technology					2,599		2,599	Usage
Telephone					1,665		1,665	Usage Governance
Publicity					249		249	Usage
Professional	fees					420	420	Governance
Independent	Examiners fee					3,000	3,000
Bank charges					322		322	Usage
Sundry expenses					1,192		1,192	Usage
				11,422		3,420	14,842
The Independent		Examiner's	fee for this	year isf2,400 (2022:f1,680).
GRANTS
During the year the charity made the following				grants ofE1,000or more to organisations:				8
Bible Society								1,442
Christian Aid								1,442
Church Mission Society								1,442
Embrace the	Middle East							1,442
FEBA Radio								1,442
Leprosy Mission								1,442
Mission Aviation		Fellowship						1,442
Bumoozi Church		of Uganda						8,600
ANALYSIS OF STAFF COSTS AND TRUSTEES' REMUNERATION					AND	EXPENSES
							2023	2022
								8
Salaries and wages							44,386	44,318
							2023	2022
The average number		ofemployees	was:				5	4

7	GRANTS During the year the charity made the following grants ofE1,000or more to organisations: Bible Society Christian Aid Church Mission Society Embrace the Middle East FEBA Radio Leprosy Mission Mission Aviation Fellowship Bumoozi Church of Uganda 8 1,442 1,442 1,442 1,442 1,442 1,442 1,442 8,600

TANGIBLE	ASSETS	Church Room	Parish
		Extension	Hall	Equipment	Total
			8	6	6
COST
At beginning	ofyear	1,040,671	200,000	53,582	1,294,253
Additions				51,330	51,330
Disposals			(200,000)	-	(200,000)
At end ofyear		1,040,671		104,912	1,145,583
DEPRECIATION
At beginning	ofyear			13,508	13,508
Charge		20,814		4,817	25,631
At end ofyear		20,814		18,325	39,139
NET BOOK	VALUE
At end ofyear		1,019,857		86,587	1,106,444
At beginning	ofyear	1,040,671	200,000	40,074	1,280,745

10	DEPOSITS
				2023	2022
				f	f
	Affirmative Fund			52,250	52,665
	Affirmative Fund	redevelopment		12,952	50,281
	COLA funds			28,448	66,322
				93,650	766,268
11	DEBTORS			2023	2022
				f	f
	Other Debtors			2,456	2,366
	Tax recoverable			3,418 6,874	2,471 48
12	CASH AT BANK AND		IN HAND	2023	2022
				f
	Current account			21,267	29,391
	No 2 Account			19,813	13,307
	No 3Account- Redevelopment			508,234	33,909
				549,314	76,667
13	CREDITORS: amounts		falling due within one year	2023	2022
				f	f
	Trade creditors			386	299
	Taxation and social security			517	1,310
	Pensions				263
	Accruals			73,404	1,680
	Other creditors -	development		17,420	17,419
	Redevelopment	loan - diocesan
				91,727	20,971

CREDITORS:	amounts falling due after one year	2023	2022
		f
Redevelopment	loan - member	40,000	40,000
Redevelopment	loan - diocesan	398,013	226,232
		438,013	266,232

ANALYSIS OF CHARITA	BLE FUNDS
		Balance at			Transfers	Balance at
		1 January			between 31 December
		2023	Income	Expenditure	funds	2023
Unrestricted Funds
General Fund		244,875	191,299	(214,366)	237,197	459,005
Designated Fund - Church	room	774,439		(37,653)		736,786
Restricted funds
Parish hall and office		200,000			(200,000)
Namalemba and Bumoozi	Fund	2,437	14,411	(8,600)	—	8,248
Redevelopment			561,601	(524,404)	(37,197)
Youth worker			9,000	(9,000)
Legacy- World Church Action Group		797				797
Legacy for Seniors Tea		4,404				4,404
Legacy for Messy Church		9,731		(1,000)	—	8,731
		217,369	585,012	(543,004)	(237,197)	22,180
Endowment funds
Churchyard endowments		7,571				7,571
Total funds		1,244,254	776,311	(795,023)		1,225,542

ANALYSIS OF NET ASSETS BETWEEN FUNDS		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	2023
Fund balances as at31December 2023are represented	by:	f.	f	f	f
Tangible fixed assets		1,106,444			1,106,444
Current assets		297,900	343,367	7,571	648,838
Current liabilities		(91,727)			(91,727)
Long-term liabilities		(116,826)	(321,187)	-	(438,013)
		1,195,791	22,180	7,571	1,225,542
		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	2022
Fund balances as at 31December 2022 are represented	by:	f	f	f	f
Tangible fixed assets		1,080,745	200,000		1,280,745
Current assets		141,582	101,559	7,571	250,712
Current liabilities		(20,971)			(20,971)
Long-term liabilities		(182,042)	(84,190)		(266,232)
		1,019,314	217,369	7,571	1,244,254

		Unrestricted	Restricted	Endowment	Total
		funds	funds	funds	2022
			6	8	6
INCOME
Donations and legacies		155,552	27,229		182,781
Charitable activities		36,149			36,149
Other income		1,589	602		2,191
Total income		193,290	27,831		221,121
EXPENDITURE
Charitable activities		200,126	50,565		250,691
Total expenditure		200,126	50,565		250,691
NET INCOME FORTHE YEAR		(6,836)	(22,734)		(29,570)
AND NET MOVEMENT	IN FUNDS
TRANSFERS BETWEEN FUNDS		233,193	(233,193)
NET INCOME FOR THE YEAR		226,357	(255,927)		(29,570)
AND NET MOVEMENT	IN FUNDS
FUND BALANCES AT 1 JANUARY 2022		792,957	473,296	7,571	1,273,824
FUND BALANCES AT 31DECEMBER2022		1,019,314	217,369	7,571	1,244,254

	Balance at			Transfers	Balance at
	1 January			between 31 December
	2022	Income	Expenditure	funds	2022
	6	6	6	6	6
Unrestricted Funds
General Fund	792,957	193,290	(200,126)	(541,246)	244,875
Designated Fund - Church room				774,439	774,439
Restricted funds
Parish hall and oflice	200,000				200,000
Namalemba and Bumoozi Fund	2,884	10,909	(11,356)	-	2,437
Redevelopment	251,271	16,922	(36,708)	(231,485)
Legacy - World Church Action Group	1,777		(980)	-	797
Legacy for Seniors Tea	4,404				4,404
Legacy for training	1,521	-	(1,521)
Legacy for Messy Church	11,439			(1,708)	9,731
	473,296	27,831	(50,565)	(233,193)	217,369
Endowment funds
Churchyard endowments	7,571				7,571
Total funds	1,273,824	221,121	(250,691)		1,244,254