Charity regi51ratlon number 1170906 NEWPORT AND CARISBROOKE PCC ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
NEWPORT AND CARISBROOKE PCC LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs M E Groves MrTAHsrd Mrs J Holliday Mr M P Groves Rev S A Sulcliffe C I Whalley M E Brell-Hill Mr O G Salter Mr R H Smoul Mr P J Whitlock A C Hewill Mr P Hewill MrA G fimbrEII Mr J A Mallhews MrSASSmilh CJHull AS Smoul R E Chambers Ms G L Torrinalon Mr P B Ednay Mrs StÈphanle Taylor Rev E Cooksey (Appointed 18 July 20211 {Appoinlod 28 February 20211 {Appoinled 20 Ap1 20211 (Appointed 28 February 20211 (Appointed 28 February 20211 (Appointed 20 April 20211 (Appointed 28 February 20211 {Appointed 28 February 20211 IAppoinled 28 February 20211 IAppoinlod 28 February 20211 (Appointed 28 February 2021) (Appointed 28 February 2021) (Appointed 28 February 20211 (Appointed 28 February 20211 IAppointed 28 Febru2ry 20211 (Appointed 28 February 20211 IAppoinled 20 April 20211 (Appointed 28 February 20211 (Appointed 18 July 2021) {Appolnled 6 January 2022) Charlty number 117C1906 Prfncipal address The P8rÈsh Centr8 Town Lane Newport Isle of Wghl P030 1JU Independent examiner Brighl Brown Chartored Accountants Exthsnge House St Cross Lane Newport Isle of Vmghl P030 5BZ Webslte Email www.newportminster.org oporalionsmanager@cofehe8rtothghl.org
NEWPORT AND CARISBROOKE PCC CONTENTS Pag• Trustees. report 2-11 Indep8ndént examinels report 12 Slalemenl of flnancial actiwlies 13-14 Balance sheet 15 Notès to tha financial slalemenls 16-29 CoTnparillve sl¥ltsrnet)l of financial aciiwli88
NEWPORT AND CARISBROOKE PCC TEAM VICAR'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The last year ha5 continued to be challenging wlh the ongoing covid pandemic, with in-person worship restarting after Easter 2L121 bul with restrictions in place lo ensurè that we could keep worshlp as sale as possible durfng this lime. 11 was great that Christmas setvices could happen in-person this year, although some s6rvie&s had lo be changed last minute or were not as well atlended due lo the omicron outbrèak in December 2021. We are extremely gralelul to those within the parish who have managed lo keep on-line worship going during the pandemic and also lo those who have continued hybrid on-line worshlp now that we 8ro back worshipping in the building. Although this last year lias had ils challenges there have al80 been many blèsslngs Iw. The last year has been appcirtunily for the different churches within thè parish lo grow togelheT 8nd suppori one another whilsl also maintaining whal makes each church unique. There are still many challenges ahead, but we are so grateful for how the PCC and congregations are cullaboralively working together lor God's Miss and ministry he in Newport, Carisbrook8 8nd Galc.ombe. We would liko lo lake this opportunlly lo thank the Churchwardells, PCC'S and DCC'S for all of Iheir ongoing hard work. 2021 has also seen th6 addition of Steve, Gemma and Emma lo the léadership team. lo work alongside Peter and Hannah. Lay Readgrs, Churchwardens and PCC. We are grateful th21 the t7ew team has gellod together quickly, and we Ihank 311 of the leadership team for Ihelr hard work. We are also lucky lo have such gifted Lay Readers and we would like lo lake this opportunity to thank them for Ihelr ministry, worship, and guldance. As yuu are all aware, our Team Rector Peter will be l&aving al the beuinning of 2022 and therefore wé will be looking lo rgoruil a new T&am Reclor in Ihe summei of 2022, as well as recruilmenl for Ihe ungoing vacancy of New Congregations Team Vicar. The beglnning of 2022 will also see the start of the tAJildlng project al Newport Minster, with work on the roof. rosloralion of monuments, wlndows and sloneworf< planned for 2022 and then a new k¢lchen and lollels lo be completed in 2023. As evor, the churches here would not be able lo flourlsh wEthoul the many people who work so tirelessly, often behind the Scenes and with little recognition. lo make our churches the warm, welcoming. and loving community of faith that we are. We £11 know that there is still much lo do withln the parish.. lo continue working logelhér collaboralivety and lo ba able to show God's love lo the community around us and drive fotward with God's mission in 2022 and beyand. Bul an APCM is also a good opptsrtLnIlY lo look back, lo see how fai we have already come and thank God lor all that has been. We pray that God continues lo bless and work through us. lo help and setve our local community in 2022 and beyond. God bles5 R8vd Emma Cooksey and Revd Steve Sulcliffe Team Vicars in Newport, Carisbrooke 8nd Galcornbe.
NEWPORT AND CARISBROOKE PCC TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The trustees Present Ihelr annual report and financial statements for thè ye8r ended 31 December 2021. The fin9ncial statemants have been prepared in acixjrdance with the accounting policles sel out In note 1 to the financial slalemenls 8nd ¢otnply wllh the Parish's Chaiilable oblecls, the Charities Act 2011 alld 'Accounllng and Reporting by Charities.. Slalornenl of Recommended PraolKe applicab16 to charities preparing their accounts In aecordanee with the Financial Roportlng Standard applicable in the UK and Republic of Ireland IFRS 1021" {08 amend6d for accounting periods commenclng Irom 1 January 20191 Objectives and activities The PaTish's obj8cls are promoting in the parish the whole mlssion of Ihe churth, pastor81, evangelisllc, soctal and ecumenical and Ihero h8s been no change in these durlng thé year. The objecls are goveined by the Parochial Church Council Powe Measure 1956 as amended. and tha ¢hur¢h representation wles that came info forcè 21 January 1957 as amended 7 October 2020. The tru51ees are aware of tho Charlly C(xMmission'5 guidanee and rèqulremenls on public benefll In the Adv8ne8mènt of Religion for the Publ1¢ Benefll and have due regard lo11 in theSr 8dminlstration of the PCC. As a part of118 general promolion of the whole mission of the Church, the PCC prOVe5 a bonefil to Ihe publ by providing fadlilles lor public worship, pasloral care and spiritual, moral & Intellectual development, both for Ils members and for anyono who wlshes to benefit from whal Ihg Churth offers,. and promoling Chrlslian valués, and sorv1 by members of the Church In and lo their communities, lo th¢ b¢nefil of indlvidua15 and so¢l6ly a8 a vthole Newport and Carisbrooke PCC, a registered diarity under number 1170906 carr5 on the activities of three former Parochial Church Councils which merged in 2020. The Parochial Church Council of tho Ecclesiiislical Parish of thè Minstér Church of Sl Thomas the Apostle and Sl Thomas ol Canterbury Newport. - The Paroehi81 Church Council of the Eccleslasllcal Parish of St Johns. Newport, and The Parochial Church Council of the Ecclesiasli¢al Parish of Sl Mary the Virgin, Carisbrooke. A nurnber ol separate church controllèd charities are also adminlslorod by the new Parish. and details of Ih8s& can be found in these financial slalernenls. The Newport Min818r Charity is also supported by the Frignds of the Minster Church of Saints Thomas, Newport. Isle of Mrtght cont6nue their èfforts in 8tlempling lo raise funds 10 8UPPOrt the restoration appeal of the Minster. other Commlttèès: Other Committees and working parties are made up on an ad hoc basis Irorn members of the PCC and wider congregation. The friends ol Carisbrooke Church is currenlly a sub Committee ol the PCC. A finance commlllee meets pèriodically Ihroughoul the yeaT. A Pastoral Care Team is active in the Parish. Appointment of PCC Member8: The rn8lhod of appoinlmenl of PCC mernbers is sat out in the current Church Representative Rules. All Church attendee5 ale encouraged to regisler on the Eiecloral Roll and sland for election lo the PCC.
NEWPORT AND CARISBROOKE PCC TRUSTEES, REPORT (CONTINUED) FQR THE YEAR ENDED 31 DECEMBER 2021 structure, governance and management The Iiuslees who served dltdng the year and up lo the dale of signature of tho financAal statements were.. Mrs T Osborn (Resigned 20 July 20221 Mr J Bremridge (Resigned 19 March 2021) Mr T Benkjer IR8signed 28 July 2021) Mr8 M E Groves Mr T AHarden Mrs J Holliday Mr D R Scott Mrm EACave Mrs J Bremridge The Venerable P Leonard Mr M P Grovés H F Barraclough Rev S A SLJtdiffè C I Whalley M E 8rell-Hill Mr D G Salter Mr R H Smoul Mr P J VMiilk>Gk A C Hewill Mr P Héwitt Mr A G Timbrell Mr J A Matthews MrSASSmilh CJHull A S Smout R E Chambers Ms G L Torringlon F Harbridge Mr P B Ednay Mrs Slephanle Taylor Rèv E Cooksey (Appointed 18 Juty 20211 (Resigned 15 ju 20211 (Resigned 18 Juty 20211 (Résigngd 26 March 2021) (Appointed 28 February 2021 and resigned 31 M8rch 20221 {Appoinled 28 February 20211 (Appointed 20 April 2021 and resionèd 31 March 2022) (Appointed 20 April 20211 (Appointed 28 February 20211 {Appoinled 28 February 20211 IAppolnted 2Q April 20211 (Appointed 28 Febiuary 2021) (Appointed 28 February 2021) (Appointed 28 February 20211 (Appointed 28 Febary 20211 {Appoint6d 28 February 20211 (Appointed 28 February 2021) (Appointed 28 Fèbruary 20211 (Appolnled 28 February 20211 {Appoinled 28 February 20211 {Appoinled 28 February 20211 (Appointed 20 April 20211 (Appointed 20 April 2021 and resigned 28 February 2022) (Appolnled 28 Febru8ry 2021) (Appointed 18 Juty 2Q211 (Appointed 6 January 20221
NEWPORT AND CARISBROOKE PCC TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 PCC Report July 2021- May 2022 The new Parish PCC has conlinued lo be very busy over the last year or so. After the APCM held on I8 July 2021, we m817 limès dLJrino 202112022. (Sept, Ocl. Nov, extraordinary meeting Dec, then Jan, March and May). Over the last year mosl of the meetings have been face to face. wilh a Zoom rneeting in Dec for the extraordinary meeting- The Parish PGC consists of 6 ¢hurchwardens (2 Irom each church) 9 elected PCC members13 from Éach ehurchl 7 deanery synod meMbeis13 Sl. Marls and 2 each Irom St. John's and The Minslerl. W& also havè a eo-opted member, Gemma Torrington Troasurer and Operations Manager. Rev. Slephen Suldiffe and Rev. EmTha Cooksgy are our Team vicars, with a futther team vlcar and of eourse a New team rector lo be appointed during th15 year. 11 has been sad lo say goodbye lo both Peter Leonard and Hannah Barradough recently. and we wish them well in Ihelr fUre appoinlmenls. Together we built up the Nèw Parish and ot*r PCC and look forward lo continued growth.11 has been great as a PCC lo forge new relalion8hips with all three Churches, IDgellier with Ga(Cbe, as we work log8lher. A lol of planning and new visions have emerged ov81 the last year. together ongoing projects in the Pari8h. A great amount of Work has been undertaken to secure as many available grants as posslble. lo help with the repairs and new proje015 in all th¥ee thurGhes. 11 has bèèn a tough year in the finance department and will conllnue to be so in the dimate we find ourselves in, after 2 plus years of wvid and gredl economic pressure. As well as the new Psrish PCC, new chureh councils have been sel up IDCC} lo replace the old PCC in each church. Thg new electoral roll stands at 197. We continue lo look foN4ard as a slnole Parish of Newport and Carisbrooke with Galcombe with excilemgnl and optimism. Marian Brell-Hill Parish PCC Secretary
NEWPORT AND CARISBROOKE PCC TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Achievamènts and perfomiance Church wardens and Fabr1¢ reports from The Mlnster, Sl. John's. and St. Mary'5 Newport Minster Wa hgve had another busy year one way and another as the exlèmal repair8 and resloralion have continued, In Novernber 2021 we hosted Ihe Newport & Carisbrooke Communlly Council's °Chrislmas Day Complete with Father Christmas making a visll. Thoro were hundreds of people came through the Min51or that day. We also held our usual Advent Carol S8tvice in November. December was busy 88 usual with our Christmas Fair held in the Minslar as wèll as our Carol Servlce then our Crlb and Chiislingle Service led by Rèv Emma Cooksey and Rev Hannah Bariaclough. We finished Deoomber off with Midnight Mass on 24m whioh was enjoyed by all. December also saw the Medina Community Choir hold a concert in the Minsler whlch was both well allended and thoroughly enjoyed by those present. Al the beginning ol January 2022. a Mernb of thè public reported smoke comlng out of the Minster, and wè had a visit from the Flre Brigade. 11 luriied out th81 we didn'l have a fire, just smoko coming from the boiléi, which happens every now and then. This meant we had lo have the next two Sunday services in the Parish Cenlre. We had or first Taizé sèrvlc8 of the year in January. which was enjoyed by those pr8sEnl, February saw our first fundraising evenl of thè year with a Burns Nlghl held in the Parish Cenlre, which was a fun evenlng with a haggis 8upper and was very wéll allended. The Paiish joined logether on 27 Febiuary lo wish Pe18r Leonard. our Team Rector and Archdeacon of the Island, a sad larewell. He was Presented with a numbèr of gifts and wished well for the future. Week eommendng 71h March saw copiou& amounts of dirt elc. come down into Church from the roof repairs. Thls n&cossitgled mnving our Sunday services lo the Parish Cenlre. Tho worst of Ihe'dirty work" Ib finished as Ihls is wrillen and we are planning to be back in the Minster for services el& by 51h June. A number of events had lo be moved ttj other venues due lo th8 Minster being out of action Including 8ishop Jonathan's fir51 service on the Island after his Installation al the Cathedral Ihe day before. The service was moved lo Sl Mary's al Cowes. The concert by the cholr of Kings College School was moved to St Mary's Carisbrook8. The Pari8h held a Lenl course thls year, with one online and thè other in person. which We both well allended. We had several Parish gètvices lake place over Holy W$ek sl¥rting wilh Palm Sunday. The Palm Sunday $6rvice was held at Sl. Mary's after a brief se at St Nicho13g in Castro. There was thon 8 processiori lo Sl Mary's led by Jack & Jill, 2 donkeys from Carisbrooke Castle. The service wa8 very well allendod. There was a service on Maundy Thursday held at St Olave's and Good Friday afteri)oon al the Minster. St Olave's held A dawn service *or the PaThsh. All Churches then held their normal Easter Day service. We look forward lo seeing what the next year bTings u8. Janel Holliday and Tracy Osborn Churchwardens
NEWPORT AND CARISBROOKE PCC TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Nèwport Minster Fabric re ort. sin the last APCM the work lo renovate The Minsl$r has continued and we are pleasÈd to say that the extemal work is almosl complete. This includes replacivig most of the n)of slales, which arnounled to 4000 (which caused us to close the Church whèn 8 copious amount of dirt elc. ¢ame downl. Many slained-glass windows have been plaeed or repaired. 3 miles of stonework re-poinled elc., gulleiing chéckÈd and changed as necessary, and our two maln monumenls (PrinSS Elizabeth and Horsey) deaned. We have had Some vandalism when several windows werè damaged. Wa have had some probleTllS with Ihg hèating system which necessilalod us turning the healing off whila il was being invesligaled. Unlorlunalely. the Invéstig8tion coinaded with the Church being closed so il still needs invesligalillg further, We are very gralelul lo th8 many org8nisalions and people who have awarded us grants elc. lo make 811 of this happen. They include the Nallonal Churehes Trust. National Lollery, All Churches Trust and a generous private donor (588 notès 18 and 211. We are looking fomard to the inlerlor work starting al the beglnnlng of 2023 which will transform Ihe interior. We will have modern loil8ls, dis8bilily access. an up-to-(fate kilchen and e8fé area and modern seallng, which will allow much flexibility for u&ng the interior for a variety of things, lo name bul some of the excAling things lo comè. Janel Holliday and Tracy Osbom Churchwardens StJohn's Church. Newport We again thank our Father God for his guidance 3nd resourang over Ihe year as WÈ facèd continued challenge and unrtainlY.11 has bèen a year of rebuilding and change for St. John's and the wider Psrish as we were able lo return to face-lo-fare serwees. During the year vaTiOUS waves ol Covid 19 have had their impcict on allendance and how we have organised the church lo provide a safe ènvironmenl during the recovery. We were also able lo work logelher more, see new faces loin OLJr leam and. unexpectÈdly see others leave us. Wé have retained the Liveslie8ming of services for Sunday moming and special seNices allowing those unable to attènd for health and other reason5 to be part of the worshlp as well as those we have made contact vAth online ov6r lockdowns. Our thanks go lo those who have worf(e(l on this we8k by week. and il has been a joy to see a nuThbw ofour yOLJnger membgrs taklng on these tasks. The Churchyard grass has be8n cul régularfy by Steve and Libby for which we give many thanks. The Hall and Church hires have restarted with many of the regular past users r81umlng which has asslsled Ihg income for the church. Many thanks lo Flora for managing these relationships and Claire for her work with deaning bolh Church and Hall régularly. The East Wlndow was replaced in the church IN June after being rebuilt by Soltrthèm Lights. bul il has taken sorne lime lo agrèe the Facully for replacing the other 4 windows with double glazed units {as given plannlng permission last yearl, particularly replacing the sccO work on the exlernal East wall. At last the Faculty has been granted and now we await the slart of the work when the ulazing supplier can fil it in.
NEWPORT AND CARISBROOKE PCC TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 Challerbox restarted in January on a monthly basls alier mL¢ch work by Hannah and her newly formed team. ThSs has now become èglablished with a hope of Incroasing frequency in thè future and a number of reluming and new familias allanding. Junior Church has restarted on a monthly basis wllh plans lo increase this lo fortnighlly and a number of lead&rs have worked logelh$r lo run this. Lunch cltjb restarted on Wednesdays and is running we&kly in 5choot letm lime. Many thanks lo Flora and the 8sI of the team for o¥ganising this service. Fundraising events have restarted with Book $8l¢s, Beetle drives and Chr¢slmas and Easter Fairs providing both financial incomè and soc4al opportunities lo meet and share. Many th8nks lo all who have supportod and wtjrked so h8rd to prepare and run these events. The choir was ablè lo ielum lo leading our woiship In person with various dlslanong provisions lo m8intaln safety for all. It ha5 been a joy lo share wilh them 'live' as well as onliné and the effort pul in by all preparing for services, particularly over festivals, is hugely appreciated. 11 has beèn s real joy lo see Jo reluming lo her role followng her illness and the support provided by olhers in the choir. We thank John for hls continued support on the organ and the others who play for us including Hla. Rev. E.mma Cooksey joined us in Seplember in her role as Tedm Vicar with responsibility for chlldren and families as well as having pastoral reswn8ibilily for St. John's. 11 has been great lo get to know her 9nd be abje to supptsrt herwilh John and Harry over the year and follow h8r d8veloprnent of school Ilnks el Our links with retiremenl homes has been rekindled wllh regular monthly servlces resuming al Medina CoLFrt lèd by Readèrs, supported by others providing tnusic. Advent and Chllslmas saw th8 relum of a DanesS to Light serwce and Carols by Candlelight Ih(wgh the Covid situation lead to restrictions on numbers. Both servi¢¢s were live streamed allowlfig olhors lo lake part, if not comfortable with livè attendan. Easlei saw more combined servieès with members of the eholr lolning with other choristers al Sl. Mary's for the Palm Sunday service after following the Donkeys down Irom Sl. Nicholas in Castro. Maundy Thursday saw us al Sl Olave's and Good Fiiday an hour al the cross wtlh the Minster and in the evening a service of music. reading8 and poetry organised by the Choir al Sl. John's. During the year there have been 2 parish wide courses lun (both la lo face and on Zcx)ml one on prayer and one for Lent. The opportunlty lo learn tether and orow to know each other has beell a r881 banefil lo the widèr parish. Unexpocledly Ven. Peter Leonard left the parish and his role as Team ReoloT al Ihe end of February leadlng lo Rev Hannah Barradough mowng on lo work with a new Training Incumbent in early April. W9 wish both ol Ihem well in their fulure carears where the Lord leads them and thank them for all of their Input into the initial year or two of the Partsh. We now find ourselves slartlno a ¥ecruilrnenl process for a lull time Team Rector as well as a third Team Vicar as we move forward into eonllnu8d ahange but confident in our loving God. Another departure has been Flora stepping down from the role of church warden and I would like lo record my thanks for all her support over Iho year in this job and her continulng work in so many other lask8. Pole lI10ck Church Warden
NEWPORT AND CARISBROOKE PCC TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 st John's Church. Nèwport F8bric re ort The Church Plate, Linen, fixtures and fillings are all in order. Tha church and h811 buildings are walertighl Ihough awaiting retAacemenl of 4 wlndows al the east end of the church and stucco work, a faculty has been granted for this together with the repair 2nd wplacement of the rnain East window performed h) June 2021. The funds lor this Temaining work are Idenllfied, available and ring fenced In the church budget. Regular checks on the slate ol rool. gullers and walls are performed espècially duringlfollowing heavy rain and slfong winds. No signifioanl damage has been found. though some plaF)I life has be8n remov8d from the roof. A recent Electrical Inslallallon Condition RÈport for Church and Hall identified some remedial work lo bring the installations up to the lalest NICEIC wiring regu1211or)s, this work has been qLJoled, the funds identified and allooated, and a dale is being sought for the work. from the electrical conlraclor. A minor gas leak was identified in the H211 which was repaired recently once an available contractor was lound Inol an easy task il appears}, they have also been asked lo quote to perform the slightly overdue maintenance check on thè Hall gas appliances. The Quinquennial repoTI identifies approxlmal6ly £150k of stone work on the church exterior Ihal wll need lo be done ovèr the next trf 10 years. To assist with access lo funding streams Sl. John's applied sone time ago for Inclusion on tha Heritage at Risk Register. Travel resliiclions on Historic England staff over eovid19 delayed the sile visit until Decembgr 2021 when d thortsugh inspection took place with explanation of thè work thal had been done (previous work on inl&rior and rooll was pendino (Easl windows) and planned 12020 vision plans for inlemal reordering and replacomonl of the hall lolning lo the churohl. There was no question ill the mind of the inspecting arLliilect who look a recommendatloll lo Historic England and St. John's wll appear on the register on ils next revislon, late 2022. 'fhis will allow acss lo sorne funding 8treams usually only evailable to Grade l and The 2020 vision plans for reoréering in the church and r6pl8¢emenl of the hall had led lo a Local Authority planning application prior to the start of the Covid19 reslriclions. During the restrictions a number of 'lo and fro, discusslons dèfinèd the bcndarieS aceeplable for this developm8nl in the Sl. John's Road conservation area and with a grade 11 lisled building. Planning permission was granted April 2021. FollovAng this x series of meetings were held lo review Iho requlremenls in the light of changes made durfng the plallnlng procèss, changes due to the p2r¢sh merger and the Impact of cod19, this led to some revisions of the plans lor hall and church reordering. Initial discussions have been started wllh DAC on the latest revision of the. plans far Church reordarlng and Hall rebuilding and subsequent Local Authority Planning permSssion. Initial responses from DAC during a sile visil by the DAC secretary and the Acting Archdeacon suggest that thèrè are no problems anticipated with Faculty approval for the planned developments thus making il reasonable to move on to engaging further detailed engineoring support (Acoustic. H88ting and Slrucltjrall through our architect lo allow rnoie accurate coslings to be established. More accuraté coslings will allow funding streams lo be investigated linked lo rewslon of the community engagement opportunities given tho ¢uirenl communlly and external funding silualioll for Island and Parish. Peter lI10ck Church Warden
NEWPORT AND CARISBROOKE PCC TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Sl Mary's Carishrooke Report ofthe FabrE¢, Goods and Omaments for 2021 st Mary's Church Carisbrooke COVID reslriclions conlinued to play a significant factor in the way we organised our acliwlies at Sl Mary's. A8 COVIO reslriclions eased. so did our way of operating. By (he end of thè year allemale seating lows were removed, face masks were nol obligatory and Ihere was more rel3x&d movement around the church. Hand sanitiser arrangèments are still in place as aTe special arrdngemgnls for comrnunion. During Lent and Holy Week we were involvéd in video rpadings and joinl parish events ori ling including a Lent Cours6. We wèrè 8bJe Ic> hold EasleT Semces, and our Remembiance Service Iheld al Sl Mary's around the Wai Mèmorial). Our Christmas Services were Successful, although due lo COVID our llumbeis were less than last yesr. The remaining choir members are committed to musie sl Sl Mary's and have regularfy been al the 9.30am seNice (often unaccompariiedl. Lonu tem) plans for rnuslc al Sl MaS are still to be forrnulaled. Our thanks lo Ihem for their commitment. By Mld 2021 we were able lo fully operkle In the ¢hurth hall, whlch was a btrnus in lems of comtnunily use- and income. Our thanks to BEM for efficlenlly cleaning and monitoring the hall 8nd lo Brenda Hall for dealing with the bookings. Parson's Pantry continues lo be an excellent outreach 8 good opportunily to meel friends and socialise, as wdl as provldlng a useful income stream lor the chuioh. Our thanks lo all those who organise It, as well as lo those who attend. In September, Friends ol Carisbrooke Church restgrted aolivilies. Monthly Quiz nights have Now returned with slightly lower numbers pem)itled118 t6amsl bul we are gradually inc3S1n the number ol teams lo meet the capacity. Beetle DrEves (x>ntinue lo be held bul are less SUC$sful in terms of numbeTS. Our thanks lo Ihose who organise these evgnls. The ChTislmas Sale and Coffee Morning w88 Its tssual suc£ess and the Frfends also pariicipaled In tho Council Pre Chrislmas-Event al Newport Minstèr. Wè conlSnu8 to be actively involved in the new PCC, alonuslde the DCC for specifio Sl Ma5 Issues. They have been kept busy during the year as new a¥rangemenlslprolocols and syslerns are pul in place. Our thanks lo all those invofvad. The Ministry Team obviously pldy a cfucTal role in steering our direction. t)uring thÉ year we welcomed Emma lo the team and look forward lo welootlling othe[3 to the team. Particular thanks to Richard for hi5 invaluable work as Lay Reader. Wè have workod hard to get involved in and supporting par(sh evenls induding Chrfsllan Aid Week. Annual Hlstoric Churches Bike Ride and worklng towards a joint parish charity. We have also participaled in joint choirs and in attending setvices acr055 the parish. Our thanks to all who conlribule in any way to the running of tho church - by silting on commitl88s, b81ng a school govèrnor, dellveThng and running the Parish News and in so many other ways. We look fonmard IEJ other opportunitie8 to work across the parish. IAllhough outside the s¢tspe of this rèport - we thank Peter Leonard for h1$ guiding WOTk as Team Recior and wish him well in his venture and wish Hannah Batradough well in har ro18 al Portsmouth Cathedral.) R8port of the Fabric, Goods and Omaments for 2Q21 can report that the church is good order. The la51 quinquennial (Nov 20191 indicated that Iheie are no major structural works required. However, lime conllnuos lo lake its toll on the stone condilion and slate of the roof. In June 2Q20 and October 2020 such émergenoy Works were dealt with. Sin¢6 then the statutory electrtcal inspection has taken place and this hlghlighled several important issue5 and some rninor ones. The work on the church has already been comploled al a cost £1331.e4 paid for by the Frlends of Carisbrooke Chur(* . There is some work lo be cotnpleted on the electrics in the Church h811. The Fri8nds have agreed to pay for these, bul th& work has not yet bgen completed. The graveyard conlinLFes lo be tended lo by the Isle ol Wight Council. Wè can report that the church veslmenls and frontals are in good condllic>ns as is the churth plate. Our Ih8nks lo all those who look after the chLsrch by iogulaily unlocking and locking, by flower arrangirig, by doaning, by PTeparing for services and in any Dlher way. Alan Timbrell & Peter Ednay Church Wardens
NEWPORT AND CARISBROOKE PCC TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Saféguarding Report The parish has complied with ils duly under sedion 5 of the Safeguarding and Clergy Disoipline Measure 2018, duly to have due regard lo House of Bishops, guidance on safeguarding children and vulnerable adults. The safeguardlng learn are uslng the online Parlsh Dashboard system to identify and manage an Adion Plan for rernaining action Item5 whith Is 5haFed with the PCC on update. Shortfalls are mainly concerning lapsed training and the need for risk assessments lo be updated or created for exlsllng activllies. As New actlvllies ar8 started and nèw rolès filled thésé are b8lng Managed In aceordance lo the uuidancè and a rolling program af filling in earlier gaps Is conlinulng. The n8w Saféguarding Lèad&rship training has proved a d)9116nge as the tarminology in the introductory malgrials Is In less than p18in English and soma find the th801ogic81 nature of somé of th6 pre and post work challenging. l am working wilh the Diocesan Trainer lo see what can be done lo maka il tnore ao¢essible within the conslrainls of tfr>e ColE guidance. The Domestic Abuse training (available online) is now required for PCC members and a reviow of all m&mbe¥s' training anLf DBS slalus will be undertakell following the APCM. Everyone's cooiperation in this is rnuch apprecAaled. The support ol Ann Smo¢rt al Sl. Mary's and Janel Flolliday al the Minster is much apprecialed as they act as church Safoguaidlng Officers in support of my role as ParSsh Safeguardlng Officer and, logelhei wllh the elergy, make up the Safeguarding team providing a local point of ¢onlacl for any safeguarding concem or queslSon that may arise. Pèler Vvhitlock Parish Safeguarding Officer Deanery Synod Report The Deanery Synod mel three limos in 2Q21 Febmary- zoom The main discussion was on the Deanery Plan June- zoom l Minster, face to fa Further discussions on the Deanery Plan and th8 ratsficatN of the Islands Dlocesan rèps. Plus a talk on our Diocesan link with Ghana. through IDWAL. OGtobgr- zoom l Mins18r, face lo faeè The Area De2n gave a delailed report on the proposed Diocesan budget and PaTish Share, plus further update8 and discussions on the Deanery Plan. communication issues and the lack of church appointed school governor8. The Ar68 Dean gave a review of the feasiblllly slvdy carried out in the NE Ryde area lo look al reshaping the parishes as part of Ihe deanery plan. This ha6 now been subtnitted lo the Bishop for hi5 thoughts. GTaham Sallor RopTesenlalive 10-
NEWPORT AND CARISBROOKE PCC TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Financial review The Parlsh Including the merger ol Sl Johns and Sl Marys gener81ed income on unrestrieled funds of £252,229 12020 £174,905) in the year, and incurred expendkure of £251,091 12020 £79,681). Thè prior year Ilgures Included the transfer in of unrestrieted funds from Sl Johns and Sl Marys of £79,962. Thare wa5 Ih8refor& a surplus general funds of £3,07212J20 - t102,5501. The reslrieted funds - mainly ¢onslsling of the resloralion projects generated a cornbined surplus of £69,134 12020 - £109,788). TheTefore reslricled funds grew lo £215,684 (2020 £146,550). These represent funds which will be spent on resloralion and other projects In fvtura poriods, and are Clea subject to the tlmlng and recognition of the receipts of grants. This look the net 8ssÈts lo £339,Q7712020- £266,871). with £123,3931202Q- £120,321) or) unrestricted funds. The parish has not been able to pay th8 Parish Share In fvll lo the Portsmouth Dioc&se. The combinèd arrears balance brc>ughl fotward of £134,907, grÈw the year by £57,822 to £192,719. As these are not a legal obligation, IhLI arrears is not included within th& finant>al accoLJnls, bul the Parish remain8 committed lo making good th& arrears ov8r lime, and restoring the general funds to a break-even po811ion with the full payment of parish shaTe. Accounts held for others: The ehurch administers tho as5els of a separate Trust -the Uppèr Alms Houses a separate regislered charfly, hokllng 2 Alms House properties in the lown. The Iruslees of this Tiusl are the Incumbent and Churehw2rden8 of Ihe Parish. A balance of £14,057 was held {2020- £10,548). Re$erve$.' The general funds are fulty ccbmmilted lo the current reslorallon projects, and this has utillzed funds over r8cenl years. The level of unrestricted funds as shown are consld8red too low and sleps are In place lo review general income particularfy al the Minster. The Paiish as a whole has free reserves Iunreslrioled funds less those lied up in designated funds or fix¢d a88elsl 01 £76.64812020- £73.3471. Trustees are appointed in accordance with the Church rules. Training Is provided lo the mèmbers of thè PCC In their role as Charity Truslee. The Iruslees. report was appmved by Ihg Board of Trustees. acd/.S Ms G L Torrington Trustee D8ted.' 21 Oclobar 2022 Rev E Cooksey Trustee Daled'.21 Oclobei 2022
NEWPORT AND CARISBROOKE PCC INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEWPORT AND CARISBROOKE PCC I repDrt lo Ihe Iruslees on my examin81ion of the finandal statementÈ ol Newport 4nd Carfsbrooke PCC (the Parish) for Ihe year ended 31 Decetnb8r 2021. Respon&5bilitiè8 and b8¥ls of report As the Iruslees of the P8ri6h YO are i¢sponsiblè lor Ihe preparation of thè linandal s13tèmenls In accordance with Ihe requlremonts of thè Charilles Act 2011 Ith8 2011 Aoti. I report In respecl of my gxaminalkjn ol the Parl¥h's ftnancial statements carried out under seotion 145 of Ihe 2011 Act. In rrrylng tsul my examinatlon I have folk>wed all 11)e appllcable 01CtIonS given by the Charlty Commlssion undei se¢llon 14515llb) of the 2011 Act. Indepèndent examlnevs ststsmont SSnce 11)e Parfsh's gross lTrcomg exGeeded £250,000 your examifter musl be a membei of a body listed in s&clion 145 of the 2011 Act. I conflrm that l am quallfied lo yndorlake thg examlnation because l am 8 membèr of ThB Inètltule of Chartered Accountants in England and Waltrs, whi¢h IÉ one ollhe listed bodies. Your altenllon is lo the fact that Ihe charity has Prepared fln2nclal stalemenls In accordan wllh Awnunting atyl Reportli)g by Chorllles prèparlng Ihalr accounls in accordance with the Flnancial Reporlinu Standard applicablé In Ihe UK artd Republlc ol Irdand IFRS 1021 in preference to Iha AGGountlll9 and Reportliig by Charilles.. Slal&menl of RetMMand¢d Practiop Issued on 1 Aprll 2005 whlch is referrèd to tn t exlaftt regulallons but has now beén withdrawn. undefsland that Ihl8 has beèn donè in urder for flnat4Gial slatÈments lo piovide a trtje and fair vlwi In accordencc wlth Gengrally AcGepted AccotsnUng P¥actice effecllve lor reporting p¥riods beginnlng on or after 1 January 2015. I havè completed my examlnafjon. I conffirm that no mallers have come to my attèntion in oonnectitrn with thè gx&mthallon glvlnp me cause lo bÈll&ve that any material respect.. accounting records wete not k@pt in respect of the Parlsh as requiied by sectson 130 of the 2011 Act., or the nan¢*al 8ts1ements do not accord with those records., or the fir?anGi21 slaletnenls do not comply with the appllcable reqU1Mp.nts concernlng the form and tt>ntenl ol acttounts sèt out in thB Charmes IAccounls and Roportsl Regulallon5 2W8 other than any requiremonl Ihal Ihe accounts gSv& a true and fair vlew whlth Is not a tnatter consldored as part ol an InLl¥pèndenl examination. I liavg no ooncerns and have cgme acro88 no olh8r mall8rs In conneets.on wych the wmin8lOon lo whlch attention shDiEld be rlrawn In thlB rèport ID ordèr lo enable 8 proper undèrstandlng ofihg fiitandal slal8menls ILI be avld StevensACA For and on behalf of Bright Brown Lld Chartered Accotmtants Exthangè House Newport Isle Df Wght P030 SBZ Dal8d'. 10 12
NEWPORT AND CARISBROOKE PCC STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 Currènt financial yèar UnrestriGted Rèstrlctèd funds funds 2021 2021 Total Total 2021 2020 Notes Income and endowtnents from: Donations 2nd legacies Charitable activities Inveslrllenls Other income 189,189 49,102 1,154 12,784 128,768 2,058 317,957 51,158 1,154 12,784 227.483 15,543 500 151,336 Total Ir]com8 252,229 130,824 383,053 394,862 Ex endlturè on: Raising funds 1.483 1.483 634 Charitablè act11188 249,608 61,690 311,298 189,216 Total expenditure 251.091 61,690 312,781 189,850 Nel galnslllosses) on Investments 11 1,934 1,934 7.328 Net movement in funds 3,072 69,134 72.206 212,338 Fund balances 8t 1 J8nuary 2021 120,321 146,550 266,871 54,533 Fund balances at 31 December 20ZI 123.393 215,684 339,077 266,871 The slelemenl of financlal adIlIeS Includes all gains and losses recognised in tha year. All income and expenditure dèTive from conunulng actiwlies. 13-
NEWPORT AND CARISBROOKE PCC STATEMENT OF FINANCIAL ACTIVITIES {CONTINUEDI INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 Prior financial year Unrestricted Restrlcted funds funds 2020 2020 Total 2020 Notes Income and endowments from: Donations and legacies Charilable activities Investments other Incomé 79,992 13,764 500 80,629 147,491 1,759 227.483 15.543 500 151,336 70,707 Total Income 174,905 219,957 394,862 Ex enditure on. Raising funds 634 634 Charitable activities 79,047 110,169 189,216 Total expenditure 79.e81 110,169 189,850 Nel gainslllossesl on investments 7,326 7,326 Net movement in funds 102,550 109,788 212,338 Fund balanees al 1 January 2020 17,771 36,762 54,533 Fund balances at 31 December 2020 120,321 146.550 268,871 14-
NEWPORT AND CARISBROOKE PCC BALANCE SHEET AS AT 31 DECEMBER 2021 2021 2020 Notes FSxed assèts Tanglble 8ssels Investments 12 25,603 33,783 29,042 31,849 59,386 60,891 Currènt assets Slocks Debtors Cash al bank and in hand 15 16 985 27,783 280,961 713 4,381 221.147 309.729 226,241 Creditors: amounts falling due within one year 17 130.0381 120,2611 Net current assets 279,691 205,980 Totsl assets less current liabilitles 339,077 288,871 Income funds Resliicled funds Ut)re8lrtcted funds Designaled funds General unrèslrict8d funds 18 215,684 146,550 20 21.144 102,249 17,932 102.389 123,393 120,321 339,077 268,871 The financial slalemants were approved by the Trustees on 21 October 2022 Ms G L Torrington Trustee Rev E Cooks8y Trustee 15-
NEWPORT AND CARISBROOKE PCC NOTES TO THE FINANCIAL STATEPJiENTS FOR THE YEAR ENDED 31 DECEMBER 2021 Accountlng policies Char5ty information Newport and Carfsbrooke PCC is a registered charity. The Charily is registered under number 1170906, and was formerly known as The Paroohial Church Council of tha E¢¢loslaslieal Parish of the Minster Church of Sl Thoinas the Apostle and Sl Thomas of Canlerbury, Newpori, and was also Is known ulld the working name ol Newport Minster. 1.1 Accounting ¢onvention The financial slalgmenls have been prepared in accDrdantto with the Church Accounting Regulalior15, the Charities AGI 2011, FRS 102 'The Financial Reporting Standard applicablg in the UK and Republic of Ireland" rFRS 102,1 and the Charities SORP "Aecounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable to charities prppaling thèir accounts In accordance wilh tho Financial Reporting Standard applicable In Ihe UK and Republic of Ireland IFRS 1021" {effeGlive 1 January 20191. The Parish is a Publio 8enefil Enlily as definèd by FRS 102. Thè Parish has taken advantag6 ol the prc>vlsions in the SORP for ¢harill8s not to prepare a Slalernent ol Cash Flows. The financial slalemenls havo departed from the Charities IAcLounls and Rèports) Regulations 2008 only lo thè extent required lo provide a true and fair view. This departure has Involvèd following the Slalemenl ol Reeommended P1acti for charilios applylng FRS 102 rather than the versiori of the St<ilgment of Recommended Praellae which is referred lo In the RÈgul8tions bul which has Sin been withdrawn. Tho financial statements are prepared in st&ing, which is the fullctional currency of the Parish. Monetary amounts In these financial sialernenls are roundad to the nearest £. The financial slalemenls havè bèen prepared under the histori1 cost convenlion, Imodified to inolude thè valualion tsf freehold propertles and to include inveslmenl propertios and certaln financtal inslrurnenls a( fair valuel. The prlncipal accotinting policiÉs adopted are set out below. 1,2 Golng concern The Parish Church Council has to balance ils general fund, whilst meeling Ihe Parish Share lo the Diocese, In recent years the PCG has opomled with an annual defial, al11 now much reduced. In addition the r&storalion project grant conditions reqttlréd resarves lo be useil IF) part funding ol the project. The PGC thei8fore gol into a deficil position with the Parish Share lo the Diocese, which tho PCC Intends lo redu. Furiher on mergei of the Parishes of Sl Johns, NÉwport, 8nd Sl Marys Carisbrooke, Ihg comblned parish has iaken on incroased Indebtedness to the Diocese. The paiish Share arfftars do not constitute a contractual obligalion, and IheTefoie are not included as a liability in these accounts. Al Ihe Ilmè of approving the fsnancial slalemonls. the Iruslees have a reasonablè expéctation that the Parlsh has adequate r8sources lo continue in opeialional exlstence for the foreseeable future. Thus the trustees continue lo adopt the going concern basis of aoUntIng In prÈparing the financial slalemenls. 1.3 Charitablè funds General lund5 represent Ihe funds of the PCC that are not subject to any re8lricllons regarding their use and are available for application for Ihe general purposes of (he PCC. Furids designated for a particular use by the PCC are also unreslrioted. Restrictod funds are those funds that musl be spettl on reslrlcted purposes and details of the funds and restrictions are provided. Endowm6nt funds are Ih08e wheTe Ihg capital musl be maintained. The accounts include all Iransaelions. assets and liabll5118s for whlch the PCC is respor)sible in law. Thèy do not include the accounts of church groups that owe their main affiliation lo another body, nor those that a inlomal galherings of ¢hur¢h rnemb8rs. 18_
NEWPORT AND CARISBROOKE PCC NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 Accounting pollcies Icontinuedl q.4 Incom• Income is recognised when the Parish Is legally enlilled lo il after any p8rformance conditions have been mel, the amounts ¢8n be measured reliably, ond11 is probable that income wlll be received. Cash donations are recognised on receipt. Olh8r donalions are réeognised once the Parish has been notified of the donalion, unless performance conditions require deferral of the amoltrnl. Income lax recoverable in relation lo donations received under Grft Aid or deeds of covonanl is recognised al the Ilme of the donation. Legades are recognised on recelpl or olhetwise if the Parish has been notified of an impending dislribulion, the amount is known, and rec8ipl is expected. If th¢ amounl is not known, the logacy is Irealed as a contingent asset. Grants receivable ineludinq government grants aw 8c¢ounled for when the Charity is entitled lo the grant, It can be quanlified, and Ils receipl is probable. 1.5 Expenditur• Expenses are allocated on the basis of the advity lo which they relale. St*pptsrt costs are allocAled In full lo activities diredly relallng lo the work of the church. Ttte Parish Share wpresents the amount of money Ihal the Charity is asked lo contribule lo support the mission and mlnislry of the Church in the Diac8s8 of Portsmouth. 11 is accounted for when paid. Any Parish Share unpaid al yoar end is incltjdgd as a note to these accounts as an opational lalthough not legdll 1.6 Tangible fixed assets Tangible fixÉd assets are initially measurgd al cost and SUbSentlY measured al cost or valuation, nel of d6piocialion and any impaimienl losses. DeprÈcialion is recognised so as lo write off the cost or valuatitsn of assets less Ihelr residual values over th8Sr useful lives on Ihe following bases= Plant and equipmenl 15°A reducing balan (Boiler slraighl line over 15 years) The gain or loss arising on Ihg disSaI of an asset is détèrmined as the differenco between the sale proceeds and the Garrying value of the asset. and is recOgnis the statement of financial adivilies. Consecrated land and buildings and moveable church furnishings is ex¢luded from the accounts by the Charities Act 2011. No value is placed on moveablÈ church furnishings held by the vicar and d)urchwardens on special trust for the PCC and which wquir8 a faculty for disposal since the PCC eonsid8rg this lo be inalienable property. All expenditure on building8, properly 2nd movable fumishings is wrlllen off as expandilur6 in the Sialemenl of Financial Activities. fitle to the church halls a held by the Diocese ol Portsmouth and is not included in th8$8 accounts. 1.7 Flxèd as$&t Investments Fixed asset inveslrnenls are initially m6ssured al Iransaclion price excluding Iransaclion costs, and are subsequently measured al fair value 8108ch reporting dale. Changes in fair valuè are rècognised in nel incomellexpendilurel for the year. Tr8nsadion costs ar8 èxpensed as incurred. 17-
NEWPORT AND CARISBROOKE PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Accountlng pollcles Icontinuedl 1.B Impairment of fixed a88ets At each reporting end date, the Parish reviews Ihe carrying amounts of ils tangibl6 assets to determine wh&lher there is 3ny indi¢alion that Ihos8 assets havo suffered an Impairment loss, If any such Indication exi818, the recoverable amount ol the asset is eslimaled in order lo deleirnine the exlenl of the impairmonl loss (if any). 1.9 Stocks Stocks are slated al the lower of cost and esllmaled salllng price18ss costs lo complet8 and sell, 1,10 Cash and cash gquivalents C8sh and cash èquivalents include cash in hat)d, deposits held al call with banks. other short-lerm liquid investments with origin81 maturitl8s of Ihfetr months or less, and bank ovordrafts. Bank ovordrafts are shown within borrowing8 in current li8bililEs. 1.11 Flnanclal Instruments The Parish has elected lo apply the provisions of Section 11 'Basic FinancAal Inslrumenls. and Section 12 'Olhèr FinAncial Instruments Issuès, of FRS 102 to all of its financial instrumenls. Finanoal inslrufflenls are iecognised in Ihe Parish's bal8n¢e sheet when Ihe Parish beM&S party lo the contractual provisions of the Instrument. Flnancial assets and liabilities are offset. with the nel amovnls presented in the financial slalemenls, when Iheie is a legally enfoiceable right lo sel off the rgcognised amounts and Ihere 15 an intention 10 Settle on a nel basis or lo realise the asset and sellle Ihe liability simultaneously. Basic fffnanclal assets Basic financial assets, which include debtors and cash and bank balances. are initially fneasured al transaotK>n price including transaction costs and are subsequently carried al amwtised cost using the effective Inlerèsl m8thod unlèss the arrangement constitutes a financing Irans8Ction, where the tr8nsaclion is me3suied al the present vatue of the future receipts discounlod at a market fate of interest. Financi81 assets dassified as re1v&ble within one year are not amortised. Bas1¢ financlal liabililies Basic financial liabilities, including creditors and bank loans are initially recognised at Iransadion price unless the xrrangemenl constitulés 8 financing transaction, where the debt instrument is measured at the present value of the future p3ymÈnts discounted 818 mark61 ral6 ol Inloresl. Fin8nd81 li8bililies dassifiod as payable within one year are not amortised. Other creditors are obligations to pay for goods or serveS that have been acquired in the ordinary course of operallons frow supplier5. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-curn1 liabllilles. Dere¢ognitlon of financial liabilities Financial liabilities ale derecounised when the Parish's contractual obligations expire or are discharged or cancelled. 1.12 Employee benefits Th8 cost of any unus8d holiday anlitlem6nt is recognised in the period in which the èmployee's services are iecèlved. 18-
NEWPORT AND CARISBROOKE PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Accounting policies {Continuedl 1.13 Retirement benefits Paytnenls lo defined contribution retirement benefit sehemes ar8 tharged as an expensg as they lall due. 1.14 Gifts In kind Gifts in are included at reasonablé èslimales of Ihelr valu8 lo the charity, usually the price that the charSly would have lo pay in the opèn market for 8n equivalent item. Critical accounting estimates and judgèmants In the application of the Parish's a¢counllng W)1leS, the Iruslees are reqIred to make judgements. 951im&le8 and assumptions about Ihg carrying amount of assets and liabilities that ar6 not r8adity apparent from other sources, The eslimalos and associated assumptions are based on hislorical axp8rienc£ and other faclors that are considered lo be relevanl. Aclual results may diffei frc>rn thes6 esllmates. The eslimales and underlying assutnpllons are reviewed on an ongoing basis. Revisions to accounting estimates are recognigéd in the perlod in which the estimate is revised where the revisitsn affects only that period, or thè period ol Ihg rewsion and future periods where the rewsion aff9ds both current and future periods. Donatlons and légacle$ Unrestricted Rostrlctèd funds funds fotal Ullreslricled funds Restricted funds Total 2021 2021 2021 2020 2020 2020 Donalions and gifts LegaeS receivabl& Grants reiVed Other 136,543 8,726 f45.269 67,219 1,438 68,466 76.321 1.266 68,657 68,466 88,530 1.830 35,905 16,741 107,772 12,270 143,677 29,011 12,209 564 189,189 128,768 317,957 79.992 147,491 227,483 19-
NEWPORT AND CARISBROOKE PCC NOTES TO THE FINANCIAL STATEPJiENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Charltablè activities 2021 2020 Church shop - book stall Ch*Jrch hall leltings Cc>ffee shop income Coffee momings Fees Sale of candles Fltrndraising income Model d)uroh Income 331 22,352 3,859 652 6,179 1,185 1,410 3,733 415 1,764 205 18.656 5,313 647 51,158 15,543 Analysls by fund Unresliided funds Rèstricted funds 49,102 2,056 51,158 For the year ended 31 December 2020 Unreslrlcted funds Resliicted funds 13,784 1.759 15.543 Invèstments Unrestricted Unreslrietèd funds funds 2021 2020 Interest receivable 1,154 500 .20-
NEWPORT AND CARISBROOKE PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 other incomè Unrestrlcted Unrestricted Restriet8d funds funds funds Total 2021 202Q 2020 2020 Insurance c131ms weivabl& Transfer of funds on rnerger of churches 12,784 667 79,962 667 150,669 70.707 12.784 80.629 70,707 151,336 Transfer ol funds in 2020 includes funds following the merger of Sl John's Newport and Sl Mary's churchès Carisbrooke, Raising funds Unrestricted Unrestricted funds funds 2021 2020 Fundraisin and ubliol Seeking dor)alions, grants and legaGies Staging fundraising events 251 1,232 287 347 FundralsSng and publtcily 1.483 634 1,483 634 21
NEWPORT AND CARISBROOKE PCC NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Charitabla activities Unrestricted Restricted fund fund 2021 2021 Total Unrèstrlctèd Restricted 2021 fund fund 2020 2020 Totsl 2020 Stsff ¢osls Oeprecialion Home missions & charity Parish share Clergy expens08 Upkeep of sèvices Church funnlng costs Church maintenance and restoration Organist fees and church musi InsurAnce Church hall and vicarage tunrilng costs Church h811 mainlenancg Costs Administration- supporl costs B8nk ¢harges- support CO8ls Fees lo diocese Accounts and Independonl exatninalion- Governance Governance cosls 38,686 3,43g 2,936 37,000 985 1,887 9,563 38.686 3.439 3,278 37,000 965 1,887 9.5e3 15,380 5,135 1,479 11,371 949 2,579 7,140 15,380 5,135 1,781 11,371 949 2.579 7,140 342 302 75,955 61,116 137,071 5,855 108,337 114.192 18,144 14,494 144 18,268 14,494 1,023 11,501 1.023 11.501 8,215 8,215 2,303 2,303 1,221 1,221 4,710 712 5.422 12,700 12.70LI 4,502 4.502 163 15,881 88 251 15,861 731 68 799 2,618 5,741 2.618 5,741 3,894 1,245 3,894 1,245 249,608 61,690 311,298 79,797 109,419 189,218 249,608 S1,690 311,298 79,797 109,419 189,216 Analysls by fund Unrgslricl8d funds Resliic19d funds 249,608 249,608 61,690 79,(147 750 79.047 110.169 61,690 109,419 249,608 81,690 311.298 79,797 109,419 189,216 -22-
NEWPORT AND CARISBROOKE PCC NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2021 Trustee$ The followlng Irusl8es re1Ve remltneralion from the Parish during the year (for services not related lo being a Trusleel as detailed below.. 2021 Salary Penslon Contributions £450 £0 2020 Salary Pension Contributions £0 £0 Ms G Toffinglon- Operations manager Mrs C Whatley- Cleaning £21,154 £2,997 £0 £2,7CX) 10 Employees Th8 average monthly number of èmpbyees during the year was.. 2021 Number 2020 Numbèr Employment Costs 2021 2020 Wages and salaries Social sewrily costs Other pension costs 35.949 2,287 450 15,380 38,686 15,380 There were no employee5 whose annual remuneration was more than £60.000. 11 Net galnslllossesl on investments Unrestricted Ullreslricted funds funds 2021 2020 Revaluation of investments 1,934 7,328 -23-
NEWPORT AND CARISBROOKE PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 12 Tangible fixed assets Planl and equlpthent Cost At 1 January 2021 43,532 Al 31 December 2021 43,532 Dèprèciation and impaimient Al 1 January 2021 Deprectation tharged in the year 14,490 3,439 Al 31 De¢8mber 2021 17,929 Carrying amount Al 31 December 2021 25,603 Al 31 Dmber2020 29,042 13 Fixed asset Investments Investments Cost or valltatlon Al 1 January 2021 valu81n changes 31,849 1,934 At 31 DecerllbeT 2021 33,783 Carrylng amount Al 31 December 2021 33,783 At 31 December 2Q20 31,849 14 Financial instruments 2021 2020 Carrying amount of financial assets Instruments Measured al lair value through profil or loss 33.793 31,849 q5 Stocks 2021 2020 ookshop Stocks 985 713 -24-
NEWPORT AND CARISBROOKE PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 16 Dèbtors 2021 2020 Amounts falling due within one year: Olher debtors Including Gift Aid Prepayments and accrued income 27,398 385 1.316 3,Q65 27,783 4.381 17 Crèdltors: amounts falling due within one year 2021 202Q Othei laxallon and soci81 security Funds held for others- Almshou8es charity Aacruals and deferred income 1.933 14.057 14,048 10,548 9.713 30,038 20,261 The parish is also in arrears for the Parish Sharo lo the Diocese of Porismoulh. The Pari8h Sharè is not a legal liability and has not been Included within the ¢redilor5. Al tho year end £192.729 of arrears was outstanding {2020- £134,907). -25-
NEWPORT AND CARISBROOKE PCC NOTES TO THE FINANCIAL STATEMENT5 ICONTINLIEDI FOR THE YEAR ENDED 310ECEMBER 2021 f8 R•$trfthd rund• Thè InctTh olthe thairfyknKlud•rastrfdod conylthu 1hof0llkn9 Ull8xp8nthrf bsjancesof d0natkmsa0raIS hebj aniruslf015PEc#lc putP05e5'. PknYemniin funds Pjovginonl In lund$ RaJourBlls qxpqndqd ta&ourc95 2QiO rqowpurt Min5tef- Re31orÉUDn snd renewAI lund Ivthe Minster buikikng MiTher-Organ malnienan¢e and(hr Newm M1Th-speCIal¢SS and dats monles Yvonne oland lÉgAcy- R8slor4tbTr lorthB 81 John's- Reoiderng fund forthe st Ghureh stJohn's-FabriEand t11n9rep3k5 stJ(thn'6-2Q20Appe8ltuwardsthtrdbbJW1O1lhè hall StJ¢hrfS-FvTul1TrUSt-SOp¢rgiO tharlt¥lnw¢lDsEd} Frlonrfs ol Sl ¥thE C5ilsbro(ts8nd *SI M4Vs Slmatls-thyce Eale bèquèll SIM£tl5- P6Wb1e 31,tsn 2,958 2.432 78.329 (91.1301 168,6991 11441 421 77.691 2,814 2.432 88.468 2.791 2.8 2.432 68,466 342 6B.4E6 2.791 2.452 46.884 302 Y,Q63 47.704 17,T32 2,954 47 (g,QSBI 8,874 2.954 47 J,eo) 11.4421 10.a32 36,762 21è,857 I110,1) 146,SS 13Q824 161,69)} 215,884
NEWPORT AND CARISBROOKE PCC NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 19 Analysls of net ass•ts baet funds Unrestricted Restricted 2021 2021 Total Unrestricted Reslricted 2021 2020 2020 Total 2020 Fund balanS al 31 December 2021 arg represellled by.. Tallgible 8ssels Investments Current asselsllliabililiesl 25.803 33.783 64,007 25.603 33,783 279,691 29.042 31,849 58,597 29,a42 31,84g 205,980 215.884 147,383 f23,393 215,684 339,077 119,488 147,383 266,871 -27-
NEWPORT AND CARISBROOKE PCC NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR nlE YEAR EhlDED 31 DECEAIBFR 2021 20 tlèslgn•ie&fund¥ Thè knMThJkndgollhè¢h¥tykndud¢the foibwg dèAlanatedfund$WhithhAve 581 o$ldpoul qfunreslrf¢tgd lund$ by th¢true$s lorspe¢Mf¢ purpoÈè&.' Movementlnfund Ré&ourc Rqqource l J&nuiry 2021 51 k4krfft-or9¥fund SIMArfs-After38rvlcfjcoffeè stJthnth- Mlsslan Sl jOhn- ()[rn St John,s-Chd Y k41nstsrCukur31 RetovèryFundreSeNe 9,499 0,899 410 1,488 4,835 500 10.199 1,636 1148) 11051 1104) 1250} 169)) 4,745 1ffj62 4300 347 3,300 17. 325 17.952 2.647 21.144 -2B-
NEWPORT AND CARISBROOKE PCC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 21 Events after the reporting date Durlng the year, the charlly applled and has been awarded funding for the next stages of Ihe restoration projecl al Newport Mirisler. On 23 June 2021 the Church reiVed notice that il had been stscc6ssful in a bid fof grant lunding up lo £869,000 fmm the National Lottery Heritage Fund. In 8ddilion, th8 Church received noliLe on 3 September 2021 Ihal il had been gucLe55ful in a bid of £584,189 from the Naliollal Churches Trust (Hisloric England) for the project ol renewal al Newport Minster. The projscl received notice 10 81art on 4 January 2022, and the project has mmmenced In 2022. The Church is enlilled lo the funds once perlormanc crlleria ar8 mel, and the grants can be d¥awn down monthly, and quarterly respectively to match payments made. As such these grants will be recognised as income as Ihe project progresses in 2022. 22 Relatèd party transactlons Payments made lo two Trustees for wages are disclosed in note 9. There are no furthèr diselosablé related party transac140ns dL¢ring the year (2020- none). Thé Uppar Almshousès Trust- Réglslèrèd charlty number 236493 The ChurchwaFdons and Incumbonl aro also the Trustees ol a separate charily - the Upper Almshouses Trust Newporl and the PCC administers the assets of the charity with thdt of the PCC. The Upper Alsmhouses are separately regislered with Ihe Charily Commission under number 236493. The59 funds are with Newport Minster and included in creditors at £14,057 {2020- £10,548). Friends of the Minster Church of Saints Thomas Newport Isle of Wlght- Reglstered charity 1133165 The friends organisation raise funds for the upkeep of th6 church buildings and 1$ reglsler8d as a charily under number 1133165. During the yèar the Friends, Charily eontribulÈd funds towards the re8loration project induding 8ssisling with events, and Ihe liai50n with the builders and grant providers. Lord Hunsdon's gift- Registered charity numb&r 237670 Lord Hun5don's gift airn lo piovide rolief within the parish ol Carisbrooke who are in condluons of need, hardship or dislioss. During the year the charily contributed lo supporting the parish In whlch the churches operate in. Al the year end, the charity had funds of £93612020- £936}- Serle's glft- Règlstered charlty numb8r 237669 Serle's gift aim is In provide relief lo persons resident in Carisbrooke who are in condition of need, hardshlp or distress, either in gifts of kind or grants of money. During the y68r thé charity contributed lo supportlng the parish in which the churehes operate in. Al the year end thè eharity had funds of £8,86312020- £8,070). -29-