Charlty Reglslration No. 1170906 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER LEGAL AND ADMINISTRATIVE INFORMATION Tru5t88S Mrs T Osborn Mrs M E Groves Mr T A Harden Mrs J Holliday The Vgnerabl8 P Leon8rd Mr M P Groves H F Bhrraclough Rev S A Sutcllffè C I Whalley M E Brelt-Hlll Mr D G Salter Mr R H SrnDut Mr P J Whitlock AC Hewitt Mi P Hèwilt Mr A G Tirnbr811 Mr J A Mallhews MrSASSmllh CJHull A S Smout R E Chambers Ms G L Torrington F Harbridg6 Mr P B Ednay Mrs Stephanie Taylor (Appointed 18 July 2021) IAppoinled 28 February 20211 IAppolnted 28 February 20211 IAppDinted 20 April 2021) {Appoinlgd 20 April 2021) IAppointed 28 February 2021} {Appointed 28 February 2021} (Appotnted 20 Aprll 20211 IAppoint8d 28 Fabruary 2021) (Appointed 28 February 20211 IAppuintEd 28 February 20211 (Appointed 28 February 2021) (Appointed 28 February 20211 (Appointed 28 F8bruary 20211 (Appolnted 28 February 20211 (Appointed 28 February 20211 (Appointed 28 F8bruary 20211 IAppoSnled 28 February 20211 (Appointed 20 April 20211 (Appointed 20 Apill 20211 (Appointed 28 Ffybruary 20211 (Appointed 18 July 20211 Charlty numbgr 1170906 Prln¢lpal addrgs8 The Parish Centre Town Lane Newport Isle of Wight P030 1JU Indepèndont •xomlner Brlghl Brown Chartered Accountants Exchange House st Cr05s Lane Newport Isle of Wight P030 5BZ Web81tè Emall www.newpDrtmln5ter.org olficemanager@newportminster.org
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER CONTENTS Paga Trustees. report 2- 11 Ind8pèndènt examlnerts report 12 Slalemenl ol fjn•ndal actlvllles 13-14 Balance sheet 15 Not8S to th8 fin8ndal statements 16-28 Comparllve ststern8nl of financlal &CtltIeS 16
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER TEAM RECTOR'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 The last two years hav8 been ch8llenglng in many respects. Bringing together three parishes Into one is Complicated enough but dolng so wslhin the conloxt of a global pandetnlc Is even more so. As a parish we are graloful lo 811 those who have ensured that w8 hav8 b8en able to open despite the reslricllons and lo those who were able to ensure Ihore was the capacity for online worship when we could nol open. Wve managed to celebrate both Christmas and Easter lagainll irj a dllleignl Wily, but 1119se have been succ8ssfLJI and Included a wonderful online Lent course and a seiies of short daily videos featumg members of the ctsngregations. Despito the challenges we have made hugè progress and l am gra19ful lo the Bhurchwarden5 and the new PCC lor their tirejess work across the parish and including Galoombe whi(* is in pluiallty wlth us. The PCC have ensured that we rem8in foeused on mission and rninislry and Ihal have a clear direction ol travel as we build up the staff tèam. l am grateful lo Hannah, St8V8, Getntna, Ernma, Maggl& and now Tamsin who havg worked Incredibly hard. We are lortunate in havin9 a strong team of Lay Readers and we also thank Elhne. Rich&rd, and StevB for their part in produon9 and dellvering worship serVe$ for us. Wg still hav8 on0 t8am vicar vacancy, and the PCC is currently praying and discemlng lh¢ next slops with that role. I have always said that my vislon for our chu¥ch was that we would be like the early church In the weeks fnllowing Pentecost as described in Acts Chapter 2.. 4347 Aw6 came upon everyone because many ynde and signs We b8ing done by lh& aposf18s. All who belleved were togelh&r and had all things ccimmon,- they woulcl sell Ihèir poss8ssions and g(d& and distrpbute Ihe proceeds lo all. as any had nped. Day by day, as they speFJI muGh lim6 togathèr in the temple, Ih&y bmkg bread al hom8 and 818 fh8ir footl with glad ancl g8n&rous hearts, praising God anLI having th& goodwill olall lh8 p8opI8. Ancl d8y by day fha Lord added lo Ih8irnumb8rthose who were belng seved. A church which was is so loving, dynamlc, inclusive. and allradive that people couldn't halp but be drawn to it. This remains my vision and we have beguii the journey to being that church. Thank you for being part 0111 and 181,8 pray together that the Holy Splrlt mighl empow8r u5 to conllnue the Work wo havg beoun so we b8corn8 daily tllore Chilstlike, and God's love is 888n and shared in thi5 place. The Venerable Peter Leonard Archdeocon of the Islo of Wlght and Toam Rector Dale.. ..%a/i.alaoil
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 The ttU5tees prèsent Ihèlr annual report and financial statements for the year ended 31 Dece[¥eT 2020. The financlal statements have been prepared in accordance wifh the accounting polieS sel out in note 1 to thè financial statemen15 cornply wllh th8 Parish's Ch8rilable objects, the Charili&s Act 2011 and 'Accounting and Reportlng by Charili8s'. Statement of Recommended Practice applicable lo charilles pr9paring their accounts in accordance wlth th8 Financlal R8POrtlng Standard applScable In the UK and Republic of Ir618rEd IFRS 1021° las amended lor accounting periods commencin¥ from 1 January 20161 Obl•¢tives and actlvitbes The Parish'8 ohjpcL% a prornoling in the parish the wholo misslon of tho church, pastorsl, evangelistic. soclal and ecumenical and Ihgr9 has b88tE no change in these during thB year. The objects are goveined by the Paro¢hial Church Council Power5 Measure 1956 as amended, and Ihe church representation wles that came info force 21 January 1957 as am&nded 7 October 2020. The Iruslegs are awam of thè ChArity Commlsslon's guidan ond requSrements on public benefit in the Advanc8m8nt of Religlon for the Public Benefit and have due regard to It In Ihelr adminislralion of the PCC. As part of its general promollon of the whole rnission of Ihe Church, the PCC pVIde$ a benefit to lh8 public by promdlng facllllles for public worship, pastoral c8rè &nd spirltiJal.morÈl & intèllactual dèvèlopmant, bolh for Its rnembers and for anyong who vvi5he8 lo bFn8ffi from what tho Church offeis,. and promotlng ChrlsUan values. anil service by membors of the Church In and to thelr communltles, lo the benefit of Indlvlduals Bnd sociely as a wholo On 2 Jun8 2020, th8 Parochlal Chureh Council of the Ecclesiastical Parish of the Minster Church of Sl Thomas th8 Apostle and Sl Thomas of Canterbury NgWPOrt, was merged with the Paroohial Church Council of the EGcle51aslical Parish of Sl Johns, Newport and also the Parochial Church Councll of the Eccl8slastlcal Parlsh of St Mary thg Virgin, Carisbrook8 to form th8 new singlè Parish. As the Ngwport Minster chaI41y Is also règlslered as a charity, these accounts reflect the continuance of that charity wlth th& mèrger of Churches with effect from 2 June 2020. A number of separat9 Church conlro118d ch8rit18s ar8 alstr admlnist8rèd by thè n8w Parlsh. and d6t8lls of these can be found th888 financial statemenis. Tho N8WPDrt MiEESter Charlty Is also supported by th8 Friends Dr the Minster Church of Saints Thornas, Newport, 151B of Wlghl conlinue their efforts in altempliTI9 to raise lund8 lo support the resloralion appeal of the Mlnster. othèr Commltt8•s: Other Comrnittees and working p8rties arè mBde up on an ad hoc basis from members of the PCC and wider congregation and comprlse Worshlp and Buildlngs Commlltees, Standlng Committee and a Soclal Commlllee. Aflnanee committee meets periodically throughout th6 yèAr. A Pastoral Care Toam Is gctlve In Ihe Parish, Appolntm8nt of PCC Mombors: Th& method of appDintm8nt of PCC mèmbors Is set out in the current Church Reprasentatlve Rules. All Church attendees encouraged to reglster on the Electoral Roll and stand for election to the PCC.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 structurè, govèrnance and management Th8 trustèès who served during the year and up lo th8 dale of signature of the financlal slAtements were.. Mrs T Osborn Mr J Bremridg8 R&v Canon K P Arkel Mr T 8enkler Mr5 M Humb2r MrsAV Cave Mr E M Humber Mr MAHayfflan Mrs M E Grovès Mr T A Hard8n Mr5 J Holliday Mis H Atkell Mr D R Scott Mrs K D EdwaTds MrMEACave Mrs M P Harden Mrs J Br8mrldg8 Mrs D Hayman The Venerable P LeonaTd Mr M P Groves H F BarracloLFgh Rev S A Suldiffe C I Whatley M E Brètl-Hlll Mr D G Salter Mr R H Smoul Mr P J Whitlock A C Hewitt Mr P H8will MrA G fimbrell Mr J A Matthews MrSASSmith CJHull A S Smoul R E Chambers M8 G L Torringto F Harbridg9 Mr P B Ednay Mrs Stephanie Taylor (Resigned 19 Marth 20211 (Resigned 31 May 20201 IRèslgned 28 July 20211 IR8signed 2 June 20201 (Reslgned 2 June 20201 (Resiyned 2 June 20201 (Resigned 2 June 20201 (Appointed 18 July 20211 IR8slgnÉd 2 Junè 20201 IResign8d 15 July 20211 IRedgned 28 July 20201 IReslgfted 18 July 2021) (Resigned 2 June 20201 (Regned 26 March 2021} (Resigned 2 Jun8 20201 (Appointed 28 February 20211 (Appointed 28 February 20211 (Appointed 20 ApThl 20211 (Appointed 20 April 20211 (Appolnted 28 February 2021 IAppoiDted 28 February 20211 (Appointed 20April 20211 (Appointed 28 February 2021} (Appointed 28 February 20211 (Appointed 28 February 2021 (Apinted 28 February 20211 (Apwinted 28 FebrLJSry 2021 (Apwinted 28 February 2021 (Apwinted 28 February 2021 (ApInted 28 February 20211 (Ap]nted 28 February 20211 (Apwinted 28 February 20211 (Apwlnted 20 April 20211 (Appolnted 20 Aprll 20211 (Appointed 28 February 20211 (Appointed 18 July 20211
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 A kèy thrust ckf the work ol the Trustees has b88n lo sBek fvnds to repair and renovate Ihè Minster Church to equip il for the next century under Ihe ovgrarching aitll of a cotnrnunily project that serves an Island wide commur)ity. A grant from lh8 National H81itag6 Lottery Fund has enabled iniltal work lo be ¢ompleled arml the Parish is seeking funding to conllnue the development. The merged parish ol Sl Johns has been fundralslng to redevelop the church and cotntnunity hÉill, dnd Sl Marys, Carisbrooke has been raising funds to restore the fabric of that churth. These restoration proleol is fTealed as reslricted funds In these ftnancial statements. The Parish has bèen affected by the COVID-19 pandemlc, faciliti&s and service5 wer8 unable to carry on In Ihg pgriod. allhovgh some were carried out virtually. The Parish has 18k8n advantago of Government funding under the Coronavlrus Job Retention Scherne and gr8nis w6ra recelved to support the ongoing work of tho Parlsh. Th8 Portsmuth Di0Se is overseeing a schorne of pastoral reorganlsatlon with effect from 2nd Juno 2020, where existing staffing have b8gn sgcured wth grant fundlng In 2021 and the promise of further supporL The Parfsh has benefited from Ihg tireless work of 8 laige number of volunteers. lo whom the Parish Chur¢h Councll is grateful.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2020 Achievements and pèrformanco Church warden5 End Fabric Yeports from The Mlnster. St. John's, and Sl. Ma9 Newport Minstar Whal afi hlstorlc year the past one has been in the life of N8WPOrt Minster. During this p8ri0d ol th8 'Gr@8t Covid Pandemic. concepts & words that wg wuld nev@r hav81rn8gined tWD years ago, are now part of our daily Iiv&s. Social distancing. ztxjm meetings, mask wearlng, hand daanslng, N.H.S. QR codes el al.. strange times ind88dl The first lockdown started on 23rd Msrch 2020 and the Mln8t8r was closed followlng C of E guldellnss. The life of the Minster conlinu8d via zoom & on Sunday 17th May, Kevin took his linal servlce vla zoom, whlch was followed by diinks & chat onlinE. COV pievenled any leavlng do sadly, bul Kevln and Hllda did manage Irtr come to a service, as things eased durfng the summer 2nd their leaving gifts presented to them. On 2 June 2020, the n8w paiish and t88m minlstry of Nwport & CÈrlsbrotrke wllh Gateombe, came in to being & th8 18St wardens and P.C.C. of Newporl Minster stood down. In June 20 we were jolned by our new curate Hannah, and She tuok up residence Iii the empty vlcarage. Hannali was ordalned in Portsmouth Gathedral on Saturday 26th June 2021 and the followng day held her 1st service In th8 Minster whtsn th& Bishop of Stepney preached. On the 5th of July last year, il was announced that the Ven. Peter Leonard, Archdeacon ol the 1.O.W. was Ic) beeome the interim Reclor of Ihe new parish. That position 15 now perrllanenl. Wh8n al Christmas 2020 th818 was a flve-day opening how strange to se8 th8 Pri88t ar congr8gation al Midnlght Mass in masks. socS8lly di51anced & with no slnging of ¢arolsl After Christmas we weTe agaÉn in lockdown and our Sunday Eucharlst went on zoom, until Sunday 18th Aprll when soclally dlstanced 5ervlces restarted. On Friday 9th April we heard the sad news of the death of Ihe Duke of Edlnburgh and a SOCAally distanced memorial Servi was hastlly arranged by our Rector Peter. The Lord Lleulenanl, High Sheriff and many rngmbgrs of island organisations were in attendancg. I would like lo thank our Director of Music Steve Parker & choir for arranging the rnusic al such short notlC8. I would 95so Ilka to thank Stev6 for hls'Hymns at th& Plano request h¢Trur duThng lockdown whlch was appreciated by so many. On Monday the 12th of April. the Mlnsler was agaln r00pened for socially distanced piivate prayei. On 12th April '21 a granl from Historic England allowed Ihg wesl face of the Minster to be scaffolded & ston8 repair work began. They also mRnaged to repair rnany of th8 IDOSe floor Itles. Feral pigeons be part of God's creallon. bul Ih8ir dropping8 are toxic and damaging. A brokèn south w811 window allowed them Ingress & egress, bul a tgrnpor8ry window repair has now been made. Following a prob5em wllh the organ, Dawd Seott called in Andr8w Coop8r who found wat8T In th8 Tromba Rank pipes. The piping has b88n cov8red to pr8Vonl lurth6r damage. A local contractor. John Nleholson have put In a quole to erect s¢affold 2nd Secu and repla slates1£6,og6.00 Inc.vatl. Work will start as soon as Ih&ir schedule allDWS. Followlftg recent dlfflcullles securing the south door, on Thursday 1st May it was found to be unslable. 11 has been locked until our architect Invesligalgs. Llke w8rs. the pandemic has hasleNed technology & advanced the movo in lo the world of "Social Media SD, our thanks go to the 'Technical Team. ol Pgtg, Paul, Tom & James. Finally. a big thttnkyou to tho 'Frlends" stewards, cleaners, volunte6rs & office staff. who have k8Pt the Minster, clean, tSdy and operational & Tearn Rector Peter and all the dergy who have pr8slded during thls current interregnum. Martln Cave Chulch Warden
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 st John's Church Durtng thSs never before known Pandemi¢ year we have been given whal seemed insurmountable challgng9S, but wllh our fallh and the guid£ng hand of Dr Father God we h8ve m8nag8d to Dvercom8 each chall&ng8 as It arose. The Wardens can Tepr)rt that th8 silver is in full cotnpletnenl and good repair. The Church boi18r, piano. organ, and Ilr6 equipment have been regularly serVId. The Tull Trust was conllnuing to hglp with the Foodbank bul is now gxhausled and closed. Food ContrIbuTr$ hav@ still been r8C8ived 2nd tak8n to the foodbank duiing the year. Wo thank StBve Biett Hill lor keeping the grass Cut and when p0551ble, the mETr'5 group wll hopefully be abl& to get to gTIPS Wlth the rest. The hall has been In use which has given us a significant loss of incorne. 11 was used briefly betW¢8n lockdowns. W9 thank Clai¥e for continuing to mak8 sure the Church and Hall hav8 b88n k8Pt c18an and tidy. M8mbgTS of thè CongTegatlon have been kept In touch wlth by telephone. Thank you to Jo. Harry. Jane. Ethne, Steve. and Liz. Hannah organised and sel up a Zoom Tea @ 3 hosted by Harry, Jane. Flora, Rachel and Liz. It was a chalty tea party which all who att8nd8d 8nloy6d. Graham has glven us an update on Ihe East Window. The repalrs lo Ihe main East window and olh9r windDWS with ¢ra¢ked panes can proceed thanks to th8 Church family donations and th8 PCC d8CiSton to suspend our Parish Share payment. The lerg¢ East Window was retlloved by Soulhern Ligh15 lor 8 eotnplele rebulld at their workshop. The option wa5 explored of replacing the 4 stllaller lin width) side east windows with double glazed mel81 fratned units. Thi5 woukl save In the reglon of £20,DOO. Wlth the help ol the ArchEt8ct. a planning 8pplleation was made following consulialion with the DAC building development officgr8 who suggested a granl appllcation. However. Ihg Grading of our Church fell outside Ihgse requirgmglll$ so was not pursued. At the end 012020, this application was still th IOW Planning, but final approval w8S granted in the Spring of 2021, and a faculty applicstlon Is boln9 mad6.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Brfnglng Worshlp lo our Community dLtring the pandemi¢ was our priority learning new ways ol dolng things. All 4 Churches made considerable contributions enabling recordings in each Church. A weekly email letter from a different rn8rnb9r of the Cl8r9y and Reader5 Bach week plus inforrnalion on Services was organis8d arml compiled by Ethne and di8(rlbuted by the Admln Tearn. Thanks to Calhy and Llz, who 8180 does the pew news. Jo and the choir recorded music in their own homes and Josh pleced il all together. We are extremely lucky io have so many glfted people in our Conqraqalion. We thank Jo for all she has ¢Jone during th8 tockdowns. A Christtllas Carol SeTVtce was recorded by mambars of all 4 Ghurches whleh w8$ well receSved on Facebook and tha Wabslte. During Advent we had a series of short reflections daily and we wer8 able lo hcld in-person Servkes al Mldnighl and Christmas Day both S9rvices Live streamed. Easter was also mad8 very speual with many of th8 rn8tnb8rs from all 4 Churth8s recording short daily rgfl8olion8 during Lgnl 'Who1 My Faith Means to me, and The Ststions of the Cross which aired on Good Friday. We thank everyone who contributed. An enormous thank you to Elhne, Pete, and Simon. having Ihe ability to make all ol Ihe above happen and conlinulng lo do so live streaming all our Services, with the assistance of Lucy and Rachet. We thank John for continuing lo pSay the cwgan. many titnes being recoid8d during lockdowns and now in p8rson at our In-person S8Nlcas. Wo also thank H8118m for hls support onllne and in pèrson. Although not a normal year we would Ilke lo thank the people who have conlinu¢d checklng blns. ensure th6 heallng is worklng. enhance screens anc$ sound systems. The process of comtng together as one P8rish is continuing, many times via ZoDrn but now live tneetlng5. St8V8 Sutcliff8 has bèen appointed as a T68m Vicar wlth Pasioral oversight al St Mary's and lead In the P8rlsh for Baptisms. Weddings and Funerals. We also took forward to the arrival of Emma as Team Vicar wlh pastoral OVErsight uf Sl. JLihn's ar)d lead in the Parish with chlldren, young p80ple, families aT)d schools We congratulate Hannah on her ordination as pri981. We continue to 8UPPOrtArchdeacon Pelgr. H&nnah. Steve and EmEna in our prayers. We would like to go ever so sKghUy Snto the future to let you all know we have had the wonderful news that the scaffolding will be removed in time foi Hannah's flrsl HC with us on the 4th ol July. P8t8 Whltlock 8nd Flor8 Harbid Church Wardèns
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DEGEIVI8ER 2020 St Mary's Carlsbrooke Th8 naw parish of Newport and Carisbrooke was crealgd oll 2 June 2020. Wfy wgrg pleased to welcotne VBn Peter Leonard as interim Team Re¢loT. Morcus Bagg's lenure as Vicar of Carisbrooke ended at th1s tlme. Howvver, Ihe Bishop agr&ad Ihal he could contlnue to support st Mary's for up to threè months. Oltr grateful thank* to Marcus and Emily lor eonlinuing lo support us in these difficult circumstances. We were able lo sIK>W our thank5 to MaTCUS. Emily and Lydia at special bervlces In mld-Auqusl before théir rnove to Durharn. The last year has been a challgnge. We have maintqined contact with everyone by email. a newssheet and by phone contact. Wc ost8blished a church 6mall contaet and phone number for people who wished lo gain information about st Mary's. Our thanks to Sl Johns for helping us lo link fo7r services and for organising a pew news. Duè lo varying COVID restrictions St Mary's was ¢losgd lo th8 public 8XC8pI for a r8gular Sunday servi and an hour for mid-week prayer when the restrictions eased. We were unable lo hold service5 at Sl Nlcholas bLtI due to a last-minule change of regulations were able to hold a 8Mall-sc816 Servlce of Remembran al the War Memorial. We wer8 pleased to wg1¢0rn9 Hannoh to St Mary's where she has been Involved in many services and mor8 rec8ntly h8r first communlon 5ervlce followng lier licenslng. WE knew of Steve's appointment as the Team Vicar Iwilh pastoral ¢aTe for Sl Mary'8 and Galcombel for some tlmè so were Ihrllled when he joined us in the speci81 servic8 conducted by Bishop Christopher. We look forward lo a bright future wllh a new gxpanding rninislry teaml Our thanks to our Lay Reader, Rlchard Smout for hls Commitment and care to us at st Mary's and for all the 5UPPOrt he give5 U5. Barbara Holbrook h2s bèen a faithful Lay Reader with (Es for many years but sadly has declded not to renew her lince. Our thanks lo Barbara for the love &nd Ca she ha5 shown to so many. We hope that when COVID re8lri¢tior)s allow she will be able tololn us 50 wè can show our appreciation. Sadly, we report that Nigel Downer. one ol oyr organists, died bst December. He was Èlways rellable and keen to be part ol Sl Mary's. Mike Crabb our choirmast8r no longer feels able lo lead the choir. We thank him for hls huge contribulian lo the mu$i¢al Ilf8 of St Mary's. As COVID StrIctl0nS ease we are consklorlng tha best way forward wllh Ihe tnLESical like of Sl Marys. During the summer months thg former Sl Mary's PCC had ovèrslght for the church acllvltles untll the first meetlngs ol the new Parish coun1. Our thank5 to thèm for all their hard Wofk and particular lo John Chambers who was chur¢hwardgn and lo Ann Smout who retired from the role of corgar)Is8r of the Sund8y School. The following represent Sl Mary's th6 PCC= Chur¢hwardens (For the whole parishl.. P8t8r Ednay and Allan Tirnbr811 Diocesan Reps.. Richard Stnout Ann Smout Anne Hewitt Mernber.. Chrr&line Hull Ruth Chafflbers Peter Hewltt The new PCC has mel several tirnes via ZOOM and in person and 8r6 formulatlng process and procedurès Eo enable the new parlsh to function. Each church has own DSstrlct Church Council lo oversee certain more local issues. Our chairman Is Pe18r Ednay and Vice Chairfftan-Rlchard SmouL COVID restractions have meant that all other church activities and those of thB Friends of Carisbrooke Churoh have been curtailed. Wg arg pleased to ieport that Week Parson s Pantry Is restarting latar this rnonth as is the monthly Fun Quiz al tho Elght Bells.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEIWBER 2020 Followlng a deep clean In September the Church Hall Is now bad( In use for many of the groups (social dlslanced ol course) Our Ihanks lo everyone who contributes in 3ny way to th8 lif8 of St Mary's. To those who are involved in organising and preparing for Servi$, befriending those unable to bè with us in church, a¢llng as a school governor gnd in SD many othei ways. Your effort5 ale appreciated. We hope il is not too long before we can soaalise and ggt back our'cornmunily fgel." Peter Ednay &Allaii Tlinbrell Churchwardens st Marys: Report of the Fabric, Goods and Qrn8mgnts 2020121 We can report that th8 church Is In good order. The Quinquenn¢al Report was completed in November 2Q119 and pres8nt8d lo thF) PCC in early 2020. The report indicated that'lhe church Is obviously well cad for The intEriDf 15 dean and brSghl" °Externally the building is in a simi18r position lo (hat reported in the 2(112 report except of course lime continues to lake its loll on the stone condillon and the stats of the roof tiling and leadwork." 'Ther8 are major 81ructural work8 required.. In Jtsnè 2020 am8rgancy repalrs were requlred following the falling ol coping stones from the south elevation roof of the church. The remaining copSng stones werg pinned and new replacomonl stones were mado and fitted. Damaged tiles were replaced. The central va118y was cleared Dt) veg8t8tion. Thes8 works wer completed al a cost of £7596. In Oclobgr 2020 il wa$ no¢oss8ry lo do ropairs to the roof 8r&a In tho Lady Chapel followlng slorm damage. Thi5 wa5 completed at a cost of £1331. We are very grateful to the Friends of Carisbrooke Church who havè pald for all these repalrs wlthout thls support the repalrs would have been difficult to complete. Due to COVID restrictions the church has b88n risk assossod and only certain pews are in use. The kncelets have been lemporarlly rgmoved. W8 thank all those who take c8re ol the thurch by cloaning and k88ping th8 church tidy. Peter Ednay & Allan Tlmbrbll Churchwardèns
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Safeguarding R8POrt The parlsh has complied wilh its duty to hav8 'due r8gard' to th8 Hous8 01 Bishops. guid8nce in r81ation to safeguarding ovor the last year. During this time the Parish Safeguarding Officef IPCCSOI has been passed Irom Jayne Bremridgg to P&ler Whitlock and Janot Holliday has lakon on tho rolc of ChuTch Safeguarding Officer for Newport Minster wlth Ann Srrout remaaning ss th8 Church Safeguarding Officer for St. Mary's and St. Nlcholas. Our thanks go to Jayne for hor work In produclng the initlal Safeguarding Policy and organising the merger ol the DBS functions trf thE three pall5hes into one. With the expansion of the ordained leadership te8rn, we are CDntinuing to work on procedures to ensuie thal saf8guarding is manag8d and monitoréd 6ffectlv6ly across the parish and all of Its aellvltles, especlally where new 8v8nts Ènd gfOUPS ara being planned. We are in process ol merging the Job descriptions for volunteers worklng on behalf of the PCC Sn any role and reviewing Ihe Idgnlilied safeguardlng requlrernenls for the rol8 10 maintaln a single parish wide record to ease monitoring DBS and training n88ds and status. The Dioce88 has r8C8ntly mad8 Domestlc abusè and Safer recrultment training avallaile onllne, these have prèvioL551y been difficult to book Dnto and hence there is a backlog of people in the parish needing lo a¢ce8S these courses, Ihe safaguardirig team is in the prwess of identifying and contacting thos8 who n88d to att8nd these for the first lime or as a refresher. The Le8d8rshlp lace to face course ramains 8 bottlenèck as the dloc88an team Is prtorfllslng Ordalned and Ilc8nsed attendoes Inthally. We would like to thank you all fo¥ your willingness lo gngagfj with your part in our maintaining a Sale envlronmenl in our chur¢hos by looking out for anything that concerns you. The three of us cannot 'rnandale in, saf8 ways of working, we all n88d to S88k to protacl è8eh other. It you hav6 any conc&rns, please contacl any one of us or any mombor of th& clergy team.. Peter Whitlock Parish Safeguarding Officer Ann Smout Church Safeguardlng Offlcer Janet Holliday Church Safeguarding Officer Deanery Synod Roport There were two lormal meellngs of the Deanery Synod during 2020, h81d on th8 4th of F8bruary, arKI th8 18th of November. In addition, there was an Irllportanl Inform81 meeting on the 26th of July. focus5ing on a single ag&nda ilgm, the future of ministry on the Isle Df Wighl. By that Ilme. the Impact of COVID-19 on Ihe finances of the di0se were already becoming clear. and the meeting was an opportunity for an open discussion about the challèngès that were faced, and how these might be addressed. The February rneeting off8r8d an updat8 on th8 Island Mslon. and Cheryl Vaughan spoke about the work of demenlla groups In tho Cowes area. The November meeting was focussed on the new Deanery Plan. and what ideas should be preSeIed tD the leadershlp team in the Dio¢ese. There was a great deal of discussion as tD whBlher grouplngs ol parishes in hubs could be loose structures or needed to be in a rnore formal arrangement. Particular thank5 arè due lo Graham Salter as Lay Chair, and Amanda Collinson as Area Dean for their leadership, and upbeat approach, as well as for the huge amount of work that Ih9y put into the work of the Dganery lit suEh a difficult year. Sally Rivliri Tetired as the Archd8acon and Area 08an's PA at the of the year, and thanks are also dug lo her for all hgr work, supporting th6 work of the synod ovor 5 yèars. Elect40n5 for the new Deanery Synod were held at Ihe annual meeting of the new parish in October. Rithard Smoul- 16th July 2021 10
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2020 Financial r8v18W The Parish including the merger of Sl Johns and St Marys generated Incom9 on unr8Stiicted funds of £174,90512019 £84,428) in the year, and incurred expendllure 01 £79,681 12019 £89,882). H¢)wever (hal income ineluded the translgr in of unre51rictBd funds from Sl Johns and St Marys of £7g,962. There was therefore an underlying surplus on general funds of £22,588 12019 - Deficit (Newport Minster Dnly) of 1£5.453} The rgslricted funds mainly ¢r)n8lSting of thb rasloration projects gen£*ralgd o combined surplLJS of £109,78B 12019 - £32,013) which included a transfer from St Johns and Sl Marys of £70,707. Therefore restricted funds 9rew by an underlying £39,081 12019 £32.013). These represent fund8 which will be spent on restoration and other projects in future p8ri0d8. This took th6 nèt assets to £266,871 12019 - £54,533), comprising £146.55012019 - £36,762> on restrfcièd funds, and £120,32112019- £17,771) on 98nbral funds. The parish has nol been able lo pay the Parish shar In full lo thg Portsmouth Diocesè. The arrears balanc8 brought forward of £28,893 IN8WPOft Minster) increased by £21,79D on th8 m8rg6r of St Mary's Carlsbrook8, but grew in the year 10 £134,907. As these are not a legal obligation, they ale not InGluded within the financial accounts, but the Parish remains committed to making gd the atrears over time. The loan taken trul lo replace the church boiler was repaid in Ihg y8ar. The general lunds 8Te llDrmally boosted IhrDksgh bookings ft)r the various Halls, and specific fund raising acllvilles, and donatlDns, but due io lockdowns thè chsJrches We not able lo generat8 that Incom6. Accounts held for others.. The Church adEninist8r5 the assets ol a $8paT918 Tru8t-th8 UpparAlms Houses a separalg registèred chaiily, holding 2 Alm5 House propprtles In the town. Th8 tiusteès of this Trust are the Incumbent and Churchwardens of the Paiish. A balance of £10,548 was held12019- £5,555). Resetves: The g8n8ral funds are fully committed lo the current restorBlion projects, and Ihls has ullllzed funds over recent years. The level of unrestricted funds 8g shown are considerod loo low and steps are in place to review general Incorne parti¢ularty at th8 Minster. The Parish as a whole ha5 free reserves IUnr88tri¢l¢d funds less those Iled up in d88ignat8d funds or fixed asselsl of £73,347 {2019. Nill. Twslegs ar8 appointed In accordance with the Church rule5. Tiainlng is provided to the m8mbèrs of th& PCC in their role a5 Charity Trustee. The Irustees, report W8s approved by the Board ofTru8t88S. The Venerable P Leonard Trustee Dated. ..aili.i/aLg..
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE I report to the ttustees on my examination of the fiftanGi81 slatèments of The Paro¢httl Church Coune51 of the E¢£le51aslic31 Parish of N8WPOrt ond Carfsbrooke with Gatcombe (the Parish} for the ytsar ended 3¢ Dember 2020. Responsibilit1¢8 and basls of report As the trusteès c>f thp Pariqh you ale responsibl* lor Ihe pieparatitrn ol lh8 finantial statements in accordan¢e wilh the reouireneTrts ol the Ch8riliesA¢t 2011 (the 2011 Acti. I report in respect of my examination of the Parish's financial stat>M6nts tarried out ulliser sectlon 145 of the 2011 Act. In carrying out my ex3mlnalion S have folltswed 811 the applic8b18 Dlrections glven by the Charlty CommissioTr under È8Ction 14515llbl of the 2011 Acl. Independent examinèr'$ Statemenl SlncÈ the Parish's gr(kss Income exEded £250.000 your èxarriner must be a member of 8 body liÈl6d in sec(ion 145 of the 2011 Act. I confirm that l am qu81ified to undertake the examlnalion because l arn member of The Inslitulè of Chartered Acctsuntanls In Englattd and Wale8, whlch is one of the li8tpd hodies. Your attention is drawn to Ihg fact th81 the charity has prepared flnan¢ial statements In accordanc8 wilh Atxounling and Reporting by Cherilles prÈparing their accounls in awordancÈ with the Flnan¢ial Reporting standsrd applicable in the UK and Rèpublic tsf Irpland IFRS 1021 in pferenCe lo the Accountlng and Reportlng by Charilies.. Statement of Recommènded Practl¢È Issued on 1 April 2005 which is referred lo Sn the extant regulations bul has now been withdrawn. l understand that this has been done in ord6r for financial statements to ptoWKle a tr¢Je and fair vi8w an a¢cordan¢e with Generalty Aetspled Ateounting Prbcti¢e effècllve for reporting peri5 beglnning on or after 1 J8nuary 2015. I have Cornpleted my &xsmination. I confirm that no matters have come to my attention in connectxjn with thè examinatlon giving me cause to bèliev& that in any material respect.. tsccounting records were not kept in respect of the Parish as requir&d by sectk)n 130 of the 2011 Act.. or the finantrlal slal¢mer)ts do not acwrd th thos& colds., or the financial statements do not £otnply with the applicable reouirernents COnrning the form ancl conÉent of accounts sal out In the Charitiès (Account5 and Rèports) RÈ9ulatiOns 2008 oth&r Lhan any requirement that the accounts give a true and laif view whlch Is not a matt8r consid8red as part of an Independent examinslS0n. I have no concerns ond have com? a¢ros$ no other fftattets In connèciion Mvlh the examlnatlon to which attenliDn shDuU be drawn in this report in oar to enèble a proper undeistsnding of the financial statements to bo re2chcd. r David Stevèns ACA For asjd on behalf of Bright Brown Ll Chartered A¢¢ountants Exchange House Newport Isle olwight P030 5BZ Dated.. 22 12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020 Currgnt flnanclal year Unrestricted Restiicted funds funds 2020 2020 Total Total 2020 2019 Nol85 ncome and •ndowm•nts from. Donations and legaci8g Charltable actwilies Investments otheT incotMB 79.992 13.784 50D 80,629 147,491 1.759 227.483 15.543 500 151,336 218.601 31.735 70,707 1,034 Total Income 174,905 219.957 394,862 251.370 endi Raising funds 634 634 1.586 ChaTitable 8clivitie8 79,047 110,169 189,216 223.224 Total resources expended 79.681 110.169 189,850 224.810 Net gainslllosse51 on investments 11 7.326 7.326 Net movement In funds 102.550 fOg,788 212,338 26,560 Fund balances at 1 January 2020 17.771 36.762 54.533 27.973 Fund balances at 310ecember 2020 120.321 146.550 266.871 54.533 The staternent of financlal acilvllles Indudes all gains and losses recognised in the year. All income and expenditure derivo fwm continuing activities. 13
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020 PriDrfinancial year Unrestrlcted Restrlcted funds funds 2019 2019 Total 2019 Notss owm8nts from.. Donations and legaeles Charitable activities Other income 51,660 31,735 1,034 166,941 218,601 31,735 1,034 Total Incom8 84,429 166,941 251.370 endlture on: Rèising funds 1,586 1,586 Charltable actIvleS 88,296 134,928 223,224 Total rgwurc88 8xpendgd 89,882 134,928 224.810 Nat gainsllloss&sl on Snvastments 11 Net movement In funds IS.4531 32.013 26.560 Fund balances at 1 January 2019 23,224 4,749 27.973 Fund balances at 31 December 2019 17,771 36,762 54.533 14-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER BALANCE SHEET AS A T 31 DECEMBER 2020 2020 2019 Notes Fixed a558t$ Tariqible ass8ts Inveslm&nts 12 43 29,042 31,849 32.580 60,891 32.580 Current assets Stocks Debtors C88h 8t bank 8nd Sn hand 15 16 713 4,381 221,147 636 1.618 56,470 226,241 58,724 Credltors.. amounts falllng due wllhln one year 17 120,2611 129,0201 Net current as8eis 205.980 29.704 Total assets less current liabllltles 266.871 62,284 Creditors., amounts falllng due after mor8 than one year 18 17,7511 Nat assets 266,871 54,533 Income funds Restricted funds Unrestrleted funds Designglgd funds General unreslTicted funds 19 146,55 36,762 20 17,932 102,389 17,771 120,321 17,771 266,871 54.533 Th6 financl 2Vi4a6..21 slatements were approved by the Trusle8s on ..... The Venèrabl8 P Leonard Trustoo Ms G L T0ingtOn Tru$tge 15-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Accountlng pollcles Charity snfomation The Parochial Church Coundl of the Eccleslasllcal PafSsh of Newport and Carlsbrooke wlth Gatcombe is a register8d charity. The Charity is registered under number 1170906, and was formerfy known as Thfy Parochial Church Council ol the Ecclosiaslical Parish of tho Minstor Church ol Sl Thornas tho Apostle and St Thomas ol Canlgrbury, Newpcirt, and asso is known under the working name of Newport Minst8r. On 2 June 2020 the PaTlshes of St Johns. Newport, and St Marys Cari5brooke. Isle ol Wlghl were merggd to form a new Parish Church Coundl. 1.1 Accounting convention The financial stalemenls have been prepared in accordance with Ihg Church Accounting Regulation8. the Charities Act 2011, FRS 102 'Th8 Flnancial R8POrting Standard appllcablè in th8 UK and Rèpubllc of Ireland. I'FRS 102.1 and th8 Charities SORP Accounting and Reporting by Charities.. Statement of Recomrrended Pradlce applrc&ble to chtiri1125 prep(iring tlieir dCLOUllt5 in t1ccordGln with Ihg Flnancial Reporting Standard appllcable In the UK and Republic of Ireland IFRS 1021. (effective 1 January 20191. Th6 Parish Is a Publlc Benelll Entity as defined by FRS 102. The Parish has taken advantag8 of th8 prtsvlsltrns In tha SORP ft>r charitS8s not to prepara a Slètement of Cash Flows. The financial slatemen@ have d8Parted from the Ch8riti88 (Accounts and Reports) Regulations 2008 only lo the ext8nl requirgd lo provlde a Ifue and fair view. Thls depatture has Invi)Ived fDllowing the StcltetnEnl of Recorntn8nded Piaclice for charllles applylng FRS 102 rather thgn the version of the Statement of Recorntnended PtaEtlc8 whleh Is referred lo in the Regulallons bul which has since been withdrawn. The financi818tat8m8nt8 8r8 pr8par6d In stÈillng. whlch is the lunclional currency ol the Parish. Monetary amounts in th8S8 flnanclal statements are rounded to the nearest £. The financial statèmèntg havè been prepared under the historical cost convgnlKin. rnodrfied to include th8 r¢valu8tion of freehold properties and lo Include investment properties and certain financial inslrurnenls at faÉr value. The prlncipal a¢¢ounting policies 2dopted are set out b810w. 1.2 Going ¢onc8rn The P8rish Churth CoEEncil has to balance ils gèneral fund. whllsl meetlng the Parfsh Share to the Dlocese. In reL years the PCC has opereted with an annual deficit, albeit now much reduced. In addition the r8storation project grant conditions required resgTves lo bg used in part funding gf Ihg project. Th8 PCC therefore got inlo a deficit pcksilion with th8 Parish Share lo the Diocese. which the PCC intends to reduce. Further on merqer of the PaFishes of St Johns. Nèwport, and Sl Marys Carisbrooke, the comblned parish has 18ken on in¢rgas¢d indebtedness lo the Diocese. The parigh Share arrears do ml constllule a contractual obligation, and therefore are not included as a liability in these acwunts_ Al the time of approving the financial siaternents. thg trustees have a reasonable expeciation that thB Parish ha8 adequate re50urce8 to continue in operatlonal exlstence for the foreseeable future. Thus th trust88s continu8 to adopt thè golng concern basis of accounting in preparing the financial statements. 1.3 Charltablè funds General funds repSent Ihe funds of the PCC thal 8re not 5ubj8Ct io any restrictions regarding th8ir us8 and are available for 8pplic8fion fw the general purposès of the PCC. FLJnds design8ted for a particular use by the PCC are 8lso unre5tiictEd. 16-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Accountlng pollcles Icontlnuedl Restricted funds arè thosè funds that musl be spenl on restricted purposes and details of th6 funds and restrlctions are provided. Endowment funds ar8 th059 whpr& (he c3pit21 tnust be maintained. The a¢¢ounts include all trans8ttllons, asseis and liabilities for which the PCC 16 responsibl8 in law. Thgy do not include the aceounts of church groups that owe their main affiliation to anothor body. nor those that are info¥mal gatherings of church members. 1.4 Income Incomè Is recognised when the Parish Is leg8lly 8nli118d lo il aft8r any perforfflance conditions have been mel, the amounts can be measured ieliably, and it Is probable that Income wlll be recelved. Cash donatlons are recognised on reipt. Other donatlons are reoognlsgd onc8 the Parish has been notified of the donation, UTIIESS perfOrrnan cor)dilions require deferral of th8 atnount. Income tax recuvèrable in relatlon lo donations receNed under Glft Aid or d•6ds of c(>venant Is recognised at the time ol the donation. L8g8cies are reeognlsed on receipt or otheiSe if the Parish has bgen notified of an IMperlg distribution, the arnount is known. and receipt Is 9xpeded. If the amount IS not known. th8 legacy is treated as a continggnt asset. Grants rg¢elvablè indud1ng government grants are accoynled for when Ihg Charity is 8ntitt8d to the grant, It can be quantified, and Its recelpt is probable. 1.5 Expendllufe Expenses are allocated on the basis of Ihg adivity lo which they relate. Support costs are allocated in full lo actlvllies direclly relating to th9 work of th8 church. The PaTi8h Sharè represents Ihe amount ol morigy Ihal Ihe Charily is ask&d to contribut8 lo support thè mission and Trini5try of the Chur¢h in the Dioce88 of Portsmouth. It IS aCCDunled for when pald. Any Parish Share unpald at year end is included as a note to thesa accounts as an operatlonal (although not Iggall 1.6 Tangib18 fix assèts Tangibl8 fix8d assets are initially measured al cost and sub88qU8nlly m¢asuTed al cost or valuat(on, net of d6praclatlr)n and any impaimenl losses. Daproclalion Is recognlsed so as lo wrilg off IhB cost or valuation of as88ts less iheir r8sldual values over thelr LESEful livtrs on the following ba$8S'. Plant and equiptnent 15Qk redung balance (Boiler 8tr8ight lin8 Over 15 yèars) Tho gain or Ios5 arising on the d15PDsal of an asset is determined as the differenc8 betW88n the sale proceeds and the ¢èrrylng value of the asset, and is Tecognised in the stalgrnent of financial aclivitias. Cons8cYaled land and bulldlngs and rnDveable church furnishings is excluded from the awounts by the Charities Act 2011. No value is placed on movgable church fumishings held by the vlcar and churchwardens on spocial trust for th8 PCC and whlch requlre a 18culty for disposal since the PCC ¢onsiders this to be inalienab18 propèrty. All expenditure on buildings, property and movable furnishings is written off as expolldlturo In the Statement of Financial Activities. Title to the church halls are h91d by th8 DiocgsB of Port5tHoulh and is not included in ihese account8. 17-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENOED 31 DECEMBER 2020 Accounting poli¢i85 (Continued) 1.7 Fixed assèt Invostmènts Fixed assèt Investments are inltSally measurgd at transaction PTice excluding transactEon cost5. and are subsequerttly measured al fair valiie at each reporting date. Chang85 in fair v8lue are recognised in nel Incom81{expenditurel lor the year. Transaction costs 8re expensgd a5 irU[red. 1.8 Impairment of fixed assets Al each reporting ènd date, the Parlsh reviews the carrying amounts ol ils tangible 88sels tts delermÉne whether there Is any indication that those assets have suff8r6d an impairrnenl loss. 11 atly such Indlcallon xists, Ihe recoverae amount of lh8 ass8t is 8stimat8d In ord8r to del8rmlnè th& extent of the impairment 105s lif any). 1.9 Stocks Stocks are stated al the lower of cost and estimated selling price less costs lo mplot8 and sell. .10 Cash and cash 8qulva18nts Cash and cash 8quivalenls include c8sh In hand. dèposSts held at call with banks, other short-lemi liquid Inves1rn9rils with original rnaturlt18s of three months or les5, and bank overdralts. Bank ovgr(Irafts aT8 shown within borrowlngs in ourrenl liabilities. 1.11 Flnanclal Instr(Jment5 The Parish has elected to 8pply th6 provisions of Section 11 'Basic Financial Instruments. and S8clion 12 'Olher Financial Instrumènts Issues, of FRS 102 lo all ol ils financial instruments. Financial Instruments are recognised in the Parish's b8Ean¢a $hÉ61 whèn thè Parish becomes party to the contractual provision3 of Ihe inslrurnenl. Financi81 assets and li8bilitl6s are offset, with the nel amounts presenled In the financial slalgm&nls, when there Is a legally enforceable right to set off the recognisad amounts and there is arE Intentlon to s6tt1e on a not basis or to reallsè the asset and settle the liability simultan8ousIy. 8asic financial 855ets Basic finanal assets, which inclucjp debtars and cash and bank balances, are Initially measured at transactlon price Including transaction costs and are sub5equentty cairiEd at Éimortised cost using Ihg effective interest method unless the airangement con5tilutes a financing transaction, where the Iransactson Is Measured al th8 pr8S8nt V81uè of the future recelpts discounted al a market rale of interest. FInaClaI assets das8ifi8d as reeelvable within one year are not amortisgd. 8aslc flnancial liablllti•s Basic financlal liabililies, including Credllors and bank loan8 are initially recogni5ed at transactlon prlca unless the arraiigeineF)I constitvt8s a financing transactlon. where the debt Instrument is measured al the present value cf the futur8 p8ym8nts discounted at a market rate of inleresl. Flnanclal liabilitle8 classlfied as payable wilhln year are not atnDrtlsed. 0th8r creditors are obllgatlons lo pay for goods or services Ihal hava b6&n acquired in the ordlnary course of operations from suppliers. Amounts payable are classified a5 Current llabi11eS If payment Is due within one year or less. If not, th8y ar8 pr8S8nted as non-current li8bililies. 18-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Accountlng pollcles (Continued) Dereco9nilion of Ilnanclal Ilabllltles Financial liabilities ale derecognlsed whgn Parish's conlractU81 obligatlons èxplre or are discharged or canEelled. 1.12 Employeg b8n8fits cost of any unused hollday èntitlement is recognised in the period in whlch tho employee's setvlces 8r8 t8C8&V8d. 1.13 Glfts in kind Gifts in kind ar8 included at reasonable estimates of Iheir value lo Ihg charity. usually the pThce th81 the charity would hava to pay in the open markgt for an equival8nt item. Crltical accounting estimates and ILtdg•mènts In lh8 appllcatSon of the Parlshs accounting polici88. the trustBe5 ale required to make judgements, estimates and assumptions about th8 c8rrying amount Df assets andllabllllles that are not readily apparent from other sourc9s. Thg estiTnat&s and assoclaled assumptions are based on hlslorical gxperience and other factors that ar8 consldèrèd to be relevant. Aclual results may differ frorn Ihgsa estimates. The estimates and undèrlying assumpliDns are revlèw8d on Èn ongoing basis. Revisions to accounting estimates are recognised in the period in whi¢h the eslimate Ss revised where the revision affects only Ihat period. or in the period of th8 revision and future perlods where the r&vlsion affects both curr8nt and future perlods. Don#tlons and legacles Unroslrlctod R8Strlcted fvnds funds Total Unreslriclgd R8Strict8d funds funds Total 2020 2020 2020 2019 2019 2019 Donations and gifts Logaclès recèivable Grants r8¢8ivèd Other 67.219 1.438 68,466 76,321 1,266 66,657 68,466 88,530 1,830 16,861 15.DOO 122.562 139,423 15,000 44,379 19.799 12.209 564 44,379 19,799 79,992 147,491 227.483 51.660 166,941 218,601 19-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Charttablo actlvltles 202D 2019 Church shop - bDok stall Church hall lellings Coffee shop income Coffe6 momings Fees Sal8 of candles Fundralslng in¢om8 Model church Income 52 6,179 1,185 1.410 3.733 415 1.764 205 1,009 9,734 7,928 6.802 3.065 1.332 1.865 15,543 31,735 AnaEysis by fund Unrestricted funds Restilcled funds 13.784 1.759 15,543 For the yèar ènded 31 December 2019 Unr&stricted funds 31.735 Investments Unrestrl¢ted funds Total 2020 2019 Interest rerelvable 500 20-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 other Sr7come Unre8trlcted Restricted nd8 fund8 Totsl Unrèslrlcted funds 2020 2020 2020 2019 other Income Insurance clalms recelvablè Transfer of funds on mergBr of churchtrs 984 50 667 79.962 667 150,669 70,707 80,629 70,707 151.336 fj.034 Transfer of funds frorN Includès funds followlng the merger of Sl John's Newport and St Ma8 thurches Cafisbrooke. Ralslng fund8 Unrestricted Unreslrl¢ted funds funds 2020 2019 Fundr ubli SBeklng donations, g¥ants and legact8s staging ftJndFalslng evenis 287 347 1,116 470 Fundralsing and publioity 634 1.586 634 1.586 21
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Charitablo acllvltles Unrestrlcted Restrlcted fund fund 2020 2020 TotalUnrÈstricted Restrlcted 2020 fund fund 2019 2019 Totttl 2019 Staff costs Depciall0 Home mlsslons & charity Parish share Clergy expen5QS Upkeep Df sevices Church runnlng costs chUh Fnaintenance and r8Storation Organist te88 and church usic Insurancg Church hall and vicalago running Costs Church hall mainlenancg cosis Administration- support costs B8nk charges- support costs Accounts Bnd Independenl 8x8mlnation- Governance Governancè eosts 15,380 5.135 1,479 11,371 949 2,579 7,140 15.380 5,135 1,781 11.371 949 2,579 7,140 12,320 2,886 3,350 31,5CKJ 2.035 2.678 10,401 12,320 2,886 5,737 31,500 2,035 2,678 10,401 302 2.387 5,855 108,337 114,192 2,176 132,54fj 134,717 1,023 11,501 1,023 11.501 329 8,268 329 8,268 2,303 2.303 4.229 4,229 4,710 712 5,422 6.810 6,610 4,502 4,502 731 68 799 200 200 3,894 1,245 3,894 1,245 1.314 1.314 79,797 109,419 189,216 88.298 134,928 223,224 79,797 109.419 189,216 88,296 134,928 223.224 Analysls by fund Unr8Stdctèd funds Restric18d funds 79,047 750 79,047 110,169 88,296 88.298 134.928 109,419 134,928 T9,797 109,419 189,216 88.296 134.928 223,224 Trustees None ol the trustees (of any persons connected with thernl r8C8d ary remuneration or benefits from tho Parish during the year. 22-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 10 Employees Thb average monthly number ofemploy9e5 during the year was.. 2020 Number 2019 Number Employment coo18 2020 2019 Wages and salaries 15.380 12,320 TheTe WEre no employees whose annual Ternuneralkjn was more than £60,CQO. 11 Net galn5ll1os8j on investments Unrestricted funds Total 2020 2019 Revaluatlon Df Inveslmenis 7,326 12 Tanglblo flxed assels Plant and *qulpment Cost Al l January 2020 Addltlons on rnerger of ¢hur¢h$s 41.935 1.597 Al 31 De(%mber 2020 43,532 Depreciation 3nd Impairm&nt Al 1 January 2020 D8pr8ciatlon charged in the year 9.355 5,135 Al 31 December 2020 14,490 Carrying amount Al 31 December 2020 29,042 At 31 Decernber 2019 32,580 -23.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 12 Tanglblè fixed assets Icontinued) 13 Fix•d assèt Investments Investments Cost orvaluatio At 1 January 2020 Additions on merger ol churches Valuation changes 24,523 7.326 Al 31 December 2020 31,849 Carrying amLiunt Al 31 Debe[ 2020 31.849 At 31 December 2019 14 Flnanclal Instruments 2020 2019 Carrying amount of Ilnan¢lal assets Instruments measured al fair value through profit or loss 31.849 15 Stocks 2020 2019 Bookshop Stocks 713 636 16 Debtor5 2020 2019 Amounts falllng dLE8 Withln one year: Othei debtors includlng Glft Aid Prepaym&nls accrued Éncome 1.316 3,065 1,363 255 4,381 1,618 .24.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 17 CTeditor8- #mounts falllng due w5th1n one year 2020 2019 Funds held for others-Almshouses chafity Boi18r Loan due lèss thèn one year Other creditors Accruals and deferred income 10.548 5,555 3.600 18,126 1,739 9.713 20.2fj1 29,020 The paiish is also In arrears for the Parish share to the Diocese of Portsmoulh. although during the year overp£iymenls ol share have b8en rnad8. Th8 P#rfsh Share is not a legal liability and has not b$on included within the creditors. Al the year end £134.907 of arrears was oulslanding (2019- £28,893). 18 Creditors: amounts falllng due after mor¢ than onè yèar 2020 2019 oll&r loan 7,751 -25-
¢0 u> VOJ (FJ ¢y ( Q) {15 0 T> Q> ffj o c r o tt LL ¢4 LL- o) e e e e znZZ(o0)O)u) LLS(iJ(i)
)0 (N (O a? (O 11 ii!$i iii to tr) vj ccc ooo
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWPORT AND CARISBROOKE WITH GATCOMBE CHARITY FORMERLY KNOWN AS NEWPORT MINSTER NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 21 Analysi5 of n•¢ a5S•ts b•twoen funds Unreslricl8d R•strlctèd 2020 2020 Total Unr6strlct•d R6strieted 2020 2019 2019 Total 2019 Fund balances Bt 31 December 2020 are represenlgd by= Tanglble assets Instments Current 8$so1s1 29,042 31.849 29,042 31,849 32,580 32,580 58.597 147.383 205,980 17.0581 17.7511 36.762 29,704 17,7511 Long term li8bililles 119.488 147.383 266,871 17,771 36,762 54,533 22 Related party transacllons Thete were no d15closable related party transactions during the year12019- nong). The UppgrAlmshouses Trust- Re9iStgred ¢harlty number 236493 Th8 Churchwardens 8nd Ineumbent are also the Trustees of a separate charity - the Upper Almshouses Trust Nèwport and the PCC administers the assets of th9 charity with Ihal of the PCC. The Uppor Alsrnhouse5 afe sèparalely reolstered with the Charity Commission under number 236493. These fund8 are with Newport Minster and included in cr8ditc)rs at £10.54812019- £5,555). Frlends of th8 Minster Church of Salnt5 Thoma5 NEWPOrt Isle of Wlght- Reglstered charlty 1133615 The friends organisalion raise funds lor thg upkeep of th8 church buildings and is r&gist8red 8s a charity under number 1133615. During the year th8 Friends. Charfty conlributèd funds towards th8 r68tor8tlon proje¢t including asslsting wllh 6v6nts, and Ihe118lson with the builders and grant promders. Lord Hunsdon's glft. Reulstered charlty number 237670 Lord Hunsdon's gift airn 19 provide relief within the parish ol Carisbrooke whD ale in condition5 of ed. h8rdship OT distress. During thè year the charlty c(>nlributed to supporting the parish In whlch the churches opÉrat8 in. At th6 yèar end. the charity had funds of £936. Serle's gift- Reglstered charlty numbèr 237669 Ser16's gift aim is to PlDvide relief lo persons resldenl Sn Carisbrookg who are in ¢ondlllon ol need, hardship or distress, èlthèr In gkfts of klnd or grants of money. During the year the charity contributed to supporting the parish in which the churches op8ral8 in. At th8 year end the charity had funds of £8,070. -28-