Charlty r8glstratlon number 1170906
NEWPORT AND CARISBROOKE PCC
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

NEWPORT AND CARISBROOKE PCC
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
MrTAHaftlen
Mrs J Holliday
Rev S A SuldSffe
M E Brell-Hil
Mr D G Salter
Mr R H Smoul
Mr P J VVhillo¢k
A C H￿￿tI
Mr P Hewill
Mr A G Timbrell
MrSASSmilh
AS Smoul
R E Chambers
Ms G L Torrlnylon
Mr P B Ednay
Mrs Stephani6 Taylor
Rev E Cooksey
MT A Rolf
Ms L Grundon
Ms D Cook
Ms P Stevènson
(Appoinled 6 January 20221
(Appointed 14 May 2024)
IAppoint8d 14 May 2024)
(Appointed 14 May 2024)
(Appoinled 30April 2023)
Charlty number
1170906
Prln¢ipal address
The Parish C8nlre
Town Lane
Nèwport
Isle of Wight
P030 IJU
Auditor
CompassAccounlanls LlmSled
Venture House
Thè Tanneries
Easl Slreel
Titchfield
Harnpshlre
P014 4AR
Websltè
Emall
www.newportm5nsler.ofg
optsral1onsm8nager@cofeheart￿lght.0rg

NEWPORT AND CARISBROOKE PCC
CONTENTS
Pag8
Trusteès. reptsrt
Independenl audilorfs ieport
Slalemenl of financial aclivilie8
Balance sheet
Notes lo th8 financial stalèmenls
11-25

NEWPORT AND CARISBROOKE PCC
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
The trusl8es pr&sent their annval r&port and financial statements for Ihe year ended 31 Decembèr 2022.
The finan¢lal $18temenls have been prepared in accordance with the accounting policie$ sel out in note 110 the
financial statements and comply with Ihe Parish's Charitable objects. the Charilies Act 2011 and 'Accounling and
R&poriing by Charities.. Slalemenl of Recommended Praelice applicable lo charities preparing their accounts in
accoidanoe with the Finanoal R$porting Slandaid applicable in the UK and RepubliG of118land {FRS 1021. las
amended foi accounting periods cornmenoing Iiom l January 20191
Obl•¢tlvg$ and a¢tlvltl&$
The Parish's objects are lo promote in the Parish the whole mission of the Church. pastOTal. evangelistic. social
and @cumènical. The objacls are govemed by the Parochial Church Councils IPow8rsl Measur8 1956 as
amèndèd and th& Church Rèpresenlalion Rul&s {¢ont8in8d in Schedulè 3 lo Ihe Synodical GovÈinmenl Measure
1969 as amend8d}.
The Trustees are aware of lh8 Chailly Commisslon's guldancg and requlr&menls on publlc benefit In Ihe
Advancement of Religion foi IhB Publi¢ Benefit and have due regaid to il in Ih8ir adminislralion of the PCC. As
part ol ils general promotion of the whole mission of Ihe Chuich Ihe PCC provides a benefil lo the public by
providing facilities for public worship. pastoral care and sociable aciivilies both lor ils members and for anyone
who wishes lo benefit from what the Church offers- and by pron701ing Christian values and service by membar$
of Ihe Churd) In and lo their ¢ommunitles, lo th8 benefit of indivlduals and society as a whole.
As a parish we do much for our bcal communily. In 2022 to name bul a few things.. we provided o space for 44
diffe￿nI community groups across our three halls on a wèèkly basis, as well as, offering 8 sp8¢8 for evenl$ and
training for the dèanery and Diocese and for 8d Èvenls and celebrations In our ¢ommunily loo. In 2022 we
¢arrled out 18 weddings, 43 funeral3 and 28 b3pli5rns, we saw 8ppiox. 5000 people across the Christmas events
and services held in the p3rish. we knilled and gave out approx. 1600 angels and stars, we helped approx. 2000
people mourn the death of the Queen, we have lead assemblies and worship regularfy al thre8 of our local
s¢hoo15. Wo have helped lo govern some ol our local s¢hools, we offered Chall$rbox loddl¢r group foi free. we
offered waim hubs and coff¢ts mornlngs for fr8tr, wts hold a woekly lunch dub, held free larnily fun evenls and
we supporied our local food bank. In 2022. we have raised money foT many charilies and causes. We have also
offeTed pastoral supporl for those in the communily and we pray lor our local community daily. We have offered
worship weekly both in person and on-line and have oflered a safe space lor people. And all of our minlslry,
misslon and charily work that we do Ss onty possible because of the dedi¢aled and hardworking team of
volunteers.
The first phase of building work al Newpori Minster has now been completed, which means Ihal Ihe building is
now walertlght and will be removed off the al-risk Te9lSt6r. Al Ihe end of 2022. Ihe building was onc8 again closed
lo make way for propatalory wtsik befor9 pha￿ two in10rnal work commence in 2023. The Fiiend5 of the
Minster Church of Saints Thomas, Newpowl conlinup theii efft>rts in allempling lo iaise fund 10 8UPPOrt the
resloralion appeal of ihe Minster.
Stnjcturei governance and management
On 2 June 2020. the Parochial Church Council of Ihe Eccleslaslical Parish of Ihe Minster Church of Sl Thomas
Ihg Aposlle and Sl Thomas of Canterbury Newport, was merged with th¢ Paro¢hial Church Councll ol Ihe
Ec¢lesiasli¢al Parish of Sl John's, Newport and also Ihe Parochlal Church Council of the Ec¢l85iaslical Paiish of
Sl Mary the Virgin, Caiisbrotske lo foim a new slnglts Parish.
As Newport Minster was registered as a charily. Ihese accounts refflect the continuance of that charity wilh the
merger ofchurches., the charily name was changed lo Newport and Carisbrooke PCC.
As a PCC we have mel 9 tlmes durinu the yeaf as well as Ihe APCM. The P8rl8h PCC cons1818 of Team Vicars,
Churcliwardens, elected PCC members, Deanery Synod members and a co-opted member. As well as the
Parish PCC. new church counci18 have been Sel up (DCCI to replace the old PCC In each church. Other
ommillegs and working parties ofe made up on an ad ho¢ basis from members of Ihe PCC and wld&r
congr&gallons. Tho Fiends of Carisbrooke Chur¢h is currenlly a sub commill$& of the PCC. A financa team
mols periodlcally throughout tho year. A Pastoral Team Is 8cf6ve In fhg Parlsh.

NEWPORT AND CARISBROOKE PCC
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Th8 beginnlng of 2022 saw the deparlure of our Team Rector, and shortly afterwards our CUTale. Our Lay
Readers stepped up to the mark and have led and preached al more services across Ihe parish. Pto's also
helped lo lead worship across the parlsh. The smallor ministry team has also beon an opportunily lo revièw the
worship that we offer and work more In partner8hip a¢ross the parlsh.
The Iruslees who served during Ihe year and up ID Ihe dale of signature of the financial slal8menls wer6..
Mr8 T Osborn
Mrs M E Groves
Mr T A Harden
Mrs J Holliday
The Venerable P Leonard
Mr M P Groves
H F Bairaclough
Rev S A Sulcli
C I ltyhalley
M E Bretl-HÉll
Mr D G Salter
MrR H Smoul
Mr P J Vvhillock
A C Hewlll
Mr P Howill
MrA G Timbr@11
Mr J A Mallhews
MrSASSmilh
CJHull
A S Smotjl
R E Chambers
Ms G L Torrington
F Harbridge
Mr P B Ednay
Mts Stephanie Tayltsr
Rev E Cooksey
MIA Rolf
Ms L Grundon
Ms D Cook
Ms P Stevenson
{R¥slgned 20 JL¢ly 2022)
{Resigned 18 Odober 20221
{Resigned 31 March 2022)
{R@signed 18 October 2022)
{Resigned 31 Mar¢h 2022}
(Resigned 30April 2023)
(Resigned 30 November2023)
(Resigned 30 MaTch 2024)
(Resignèd 28 February 2022)
(Appointed 6 January 2022)
(Appointed 14 May 20241
{Appointed 14 May 20241
{Appoinled 14 May 2024)
{Appolnled 30 April 2023)
Achievemènts and p•rfom)an¢e
Financlal revlew
The Parish generated income on unrestricted funds of £236,231 (2021 £252.229} in the year, and incurred
expenditure of £219,77312021 £251,091). After investment losses of £4.032 12021 £1.934 gain) there was
surplus on genÈr21 futids of £12.426 {2021 £3.072).
The reslricled funds . mainly cor)6i81ing of IhB restoration projts¢ts generated 8 combkned surp￿$ of £283,441
12021 £69,134). Therefore reslricled funds gTew lo £499,12512021 £215.6841. Those iepresenl funds whlch
wlll be spent on restoration and olher projects in future periods, and are clearly subject lo the liming and
ro¢ogn511on of the receipts of grants.
This look the nel as$e18 10 £634,944 (2021- £339,077), with £135,819 (2021- £123.393} on unrestricted funds.

NEWPORT AND CARISBROOKE PCC
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
The parish has not been able lo pay Ihè PaTish Share In full lo the Portsmouth Diocese. The combined arrears
balance brought fO￿ard of £192.719, grew in the year by £53,321 to £248.040. As these are not a legal
obligalion. the arrears is not included wilhin th8 financial accounts, bul Ihe Parish remains Commilled lo making
good th8 arrears over lime, and restoring thè gènèral funds lo 8 ￿83k-even position wllh Ihe full payment of
pailsh share.
Accounts ￿ld for others:
The church adrninislers the assets of a separate Trusl -the Upper Alms Houses a separate registered charily,
holding 2 Alms House properties in the town. The Iruslees of Ihis Trusl are the Incumbent and Chur¢hwardens of
the Parish. A balance of £11,218 was held {2021 - £14.057}.
Reserves:
The PCC Iruslees aim lo maintain build up over the next few years flee reserves in unreslricled funds al a le￿1
wh￿h equales Io 8pproxim8lely six monlhs of unreslri¢tad exponthlurg for each church Inol Includlng Psrish
Shaiel.
Th8 Paiish as a whole has free r@s9n￿S IUnrestrict8d Ivnds lèss Ihos8 lied up in dèsign818d lunds or fixed
a8selsl of£40,69112021- £16,646).
statement of trustees. responsibllilies
The Iruslees are responsible lor preparing Ih? Trustees, Report and the financial slalemenls in accordance with
applicable law and Uniled Kingdom Accounting Slandards (United Klngdom Generally Accepted Accounting
Pradi¢g).
The law applicabltr lo charill6s In England and Wale¥ requiies the Iwslee5 to prepaTe financial slalemenls for
each financial year which givè a Iiue and fair view of the stalo of affaiis of the Paiish and of the incoming
resources and applicalion ol resources of the Parish for Ihal year.
In preparing Ihese finan¢lal slalèrnenls, the Iruslees are required lo..
select sullable accounlSng policies and then apply them consislenlty..
- observe Ihg mollYJds and prlnclplgs In the Charllies SORP..
make judgements and e51Nnale8 that ale reasonable and prudenl.,
stale whether applicable accounling standards have been folbjwed, subjecl to any Mate￿01 departures
dis¢losed and explained in the financial stalementS-, and
prepare Ihe fina￿181 slalemenls on the going concern basis unless il is inappropriatè lo presume that the
charily will continue in operation.
The Iruslees are responsible for keeping sufficlgnl a¢¢ounling Tecords that disclose with reasonablo a￿Ur8¢Y al
any Ilme the financial poslllon ol the Parlsh and ¢nabl¢ them lo ensurtr that Ihg financial slalgmenls comply wilh
Chaiilios Act 2011, the Charlly {A¢¢ounls and Ropotls} Rtrgulallon8 2008 and Ihè provisions of the trust
deed. They are also rtssponslbla for safeguarding the as5els of the Parish and hence for taking reasonable sleps
for Ihe prevention and detection of fraud and other irregularities.
The tru
s, report was approved by the Board of Trustees.
Rev S A Sutcllffg
Trustee
Daled.. 16 August 2024

NEWPORT AND CARISBROOKE PCC
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF NEVVPORT AND CARISBROOKE PCC
Opinlon
We have audiled the financaal slalemenls of Newport and Carisbrook8 PCC (the 'cha¥ill} for tho yoar ènded 3141
December 2022 which Comprise the Slalemenl of Financial Aclivilles. tho Balan¢e Shèet, the Slalemenl of Cash
Flows and nol8s lo th& Inancial slatemtsnls, Induding si9rMficanl ac¢ounling PDIici85. The financial reporiing
framtswork Ihal has been applied in their preparation is applicable law and United Kingdom Accounting Slandards.
including Financial Reporting Slandard 102 Tha Financial Reporting Slandard applicable in the UK anLI Republio of
I￿land (United Kingdom Generally Accepted Accounting Praclicel.
In our oplnlon, the Ilnancial glalemenl$:
glvo a Iruo and fair view of Iho Slalg of lh8 ch8rity'5 affairs as al 31EI December 2022, and of ils Incoming
rosour¢es and applicalitsn of resoui¢es, including 118 income and expenditure, for the year then ended,.
havè been properly prepared In a¢cordan¢e wilh United Kingdom GeneTally Accepted Accounting Practice.,
and
hav6 been pr¢pared In accordan¢ts wilh Ihtr requirernen18 of th& Charitie8 Act 2011.
Basls for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs (UKI) and appll¢able
law. Our responsibilities undèr thos8 Standards arè furthgr describad in the Auditor's re$ponsibililie8 for the audit of
the financial stalempnls section ol our report. We ale independent of the charily in accordance wilh the ethical
iequiremenls that ale relevanl lo our avdil of the financial slalemenls in the UK, including the FRC'S Ethical
standard, and we have fulfilled our other ethical responsibilities in accordance wilh these requSrem¢nls. We belleve
that the audit evidence we have obl?ined is surfi¢ienl and approprlale lo provido a basis for oui opinion.
Other mjtter
The ￿MparatIVe Ilgureswere not subject lo audll.
Concluslons rèlatlng to golng concèrn
In audiling the financial s(alements, we haw concluded Ih8t tho IruslBes' use of the going concein basi8 of
a￿O￿ntIng In the preparation of Ihg finan¢lal slaltsmenls is approprialè.
Based on the work we have perfoimed. we have nol idenlrfied any maleri81 un¢ertainlies relating lo events or
conditions that, individually or collèctively, may cast significant doubl on the ¢harills ablllly lo ¢onllnue as a going
concern for a period of 8t least Iwelvè monlhs Irom when Ihe financi818lalemenls are aulhoiised for is$ue.
Our respon8ibililie8 and the responsibilities of the trustees with respect to going concern aTe described in lh8
Televanl seclions of this reporl.
Oth¥r Information
Thé olhèr informalion comprises thè inlorm81ion included In Ihe Iruslees, annual report, olher than Ihe financial
sl8temènts and our 8udllor'8 report Ihereon. The Iruslees a￿ responsible for the other information. Our opinion on
Ihe financial slalemenls doe8 not cover the other information and we do not express any form of assuranc8
condusion there1￿.
Our responsibility is lo read the other informalii)n and. In dt)Sng $0, ¢onsidtrr whelhor the other infoimalion is
m81erlally Inconsistent wllh the finandal slalemenls or our knowlodgo oblalned In the audit 01 olheFwise appeals lo
be m8lerlally ml$sl8led. If we identify su¢h material in¢onsi$len¢ies or apparenl material misslalemenls. we are
requlred lo determine whether Ihls gives rise lo a malerlal misstalernenl in the financial sialemenls themselves. If,
based on Ihe work we have performed, we conclude that there Is a material missialemenl of Ihis other information,
we are requlred lo report that
Wo have nolhlng lo r$port In Ihls regard.

NEWPORT AND CARISBROOKE PCC
INDEPENDENT AUDITOR'S REPORT {CONTINUED)
TO THE TRUSTEES OF NEWPORT AND CARISBROOKE PCC
Matters on whlch we are roquirèd to rèptsrt by èxception
We have nothing lo report in respecl of the following mallers in relation to which the Chaiilies (Accounts and
R¢ports) Regulations 2C¥)8 require us lo report lo you if, in our opinion..
the information giv8n in th8 Iruslees, r8POrt is inconsislenl in any maleiial respect with lh8 financial
st8lemonls,' or
sutricient a￿OUntIng records have not bèen kept.. or
the financial slalem8nls are nol in agreement with the accounting records., or
wè have nol ieceived all the infoimalion and explanations w& rtsquirts for our audll.
R&$pon$lbilitle$ of twste08
As oxplained more fully in the trustees. responsibilities statement sel out on page 3. the Iruslees are responsible for
the preparalion of Ih? finan¢lal slalemenls and for being salislied Ihal they givo a true and fair view, and for such
inlemal control a8 the trustees determine is neces8ary to onable tho preparatlon of finanaal slalemanls that are fr8e
from material misslalemenl, whethèr due to Iiaud or error.
In preparing the financial slalemenls, the Iruslees are responsibl& for assessing the d)arity's abilily lo continue as a
golng con¢ein, dlsdosSng, as applicable, mallers re181ed lo golng concern and using the going ¢on¢ein b8s1s of
accounting unless the Irusleès eilher intend lo Ilquidale the charily or lo ¢ea8e operallons, or have no realislic
alternative but lo do so.
AMdIl0￿$ re$pon81bllltle$ for the audlt of the financlal $tat•ments
We have been appolnled as auditor undtrr Section 144 of Ihtr Charllles A(1 2011 and roport in accordance wilh th&
Acl and ¥elevanl iegulalions made 01 having effect Iheieunder.
Our objeclives are to obtain reasonable assurance about whether the financial slatements as a whole aTe free from
material mi$8181emenl, wh8th8r duè lo fraltd or èrror, and to issue an aUd￿oIS report thal includes our opinion.
Reasonable a$sur8nce is a high lÈvÈl of assurance bul is not a guarantèè that an 8udil eonduclÈd in accordance
with ISAS IUKI will always delecl a material misslalemenl when il exists. Misslalernenls can aii8e from fraud or
error and are considered material if, individually or in Ihe aggregate, they could reasonably be expected lo influence
the economic d8olslons of users taken on the basls of Ihese financial staloments.
Irregularities, including Iiaud. are iTrslan￿s of non.compliance with laws and regulations. We design procedures in
line with our responsibililies, outlined above, lo delecl material misslalemenls in respect of irregularities, including
frayd. The specific procedu￿$ for this engagement and the exlenl lo which these are capable of delecling
irr&uularilia8. including fraud18 dtrlalled below.
We gained an understanding of the legal and regulatory framework applicable to the charity and the sector
In whlch11 operates Ihrough discussions wilh man8g&m8nl, sector ras8arch. and Ihe appllcAlion of r818vant
audit knowledge and experience
We made enquiries of management arouThl actual and polenlial liligation and daims
We made enquirles of management and relevant slaff, and designed our audil procedures, incfudin9
revlewing financial slat?ment digclosures ond lesling of supporting documenlalion, lo assess ¢ompllan
wilh applicablo laws and r&gulalions. W8 focussed on laws and regulations which could give rise to mattsrlal
misslalemenl in the financial slaltsmenls In¢ludlng. bul not Ilmiled lo, Ihe Charllles Act 2011, the Chaiillo$
SORP, and the Financial Reporling Slandaid 102.
We identified the rlsk of malÈri81 mi$slalemenl of Ihe financial statements due lo fraud and designed audit
procedures lo respond lo the risk. We pèrformèd audit pro¢edure$ designed lo address the rlsk of fraud
arising from management ove¥ride ol controls, including, bul not limiled lo, le81ing of journal enlfies and
other adjuslmenls, reviewing accounting eslimales for evidence of bia5. and evalualing the bLFsiness
rallonalo ol slgnificant transactions outside Ihg normal course ol busines5

NEWPORT AND CARISBROOKE PCC
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF NEWPORT AND CARISBROOKE PCC
B&caus6 of the inher@nt limitations of an audit. there is a risk that wa will not d8t&ct 811 irr8gularili&s. including those
leading lo a material missl818mant in the financial statéménts or non-compliancé wilh regulalion. This risk
incieases the mole Ihal cornpliance with a law or ¥e9ulalion 15 removed from Ihe events and Iran88Ctions reflected
in the financial slalemenls, as we will be less likely to become aware of instances of non-compliance. The risk is
also greater regarding irregularilies o¢curring due lo fraud rather than error, as fraud involves inlfynlional
¢on¢ealmenl, folgery. collusion. omlssion or misrepresentslion.
A furlh&r descripllon of our responsiblfilles for the audit of the Ionancial stalem8nls is loca18d on the FinancAal
Reporting Coun￿1,$ website al.. www.frc.OTg.uklaudilorsresponsibililies. This descriplion forms pari of our auditor's
reporl.
Because of Ihe Inherent limilallons of an audit. Iheie 1$ a iisk that wè will not dèlect all irregularities, including those
leading lo a material misslalement in the ffinancial slalemenls or non-compliance with regulation. This iisk
incr8as&s th& mor@ that complianc8 wilh a law or regulation is removad Irom the @vents ènd transactions rellÉete
In the flnan¢lal slalemenls, as we w511 be less Ilkely lo become aware of Ins18nces of non-compliance. The risk Is
also greater regaiding iriegulaiilies occuiring due lo fraud ralheT than error, as fraud involves inler)lional
concealmer)l. forgery. collusion. omission or misrepreser)lalion.
A further des¢rlplK)n of our responslbililles for the audit ol the financial slaltsmonls Is lo¢alo¢J on Ihb Financial
Reporting Council's w8b8ile al.. www.ff¢.org.ukJauditorsre$ponsibililies. This description fomis part of OUT auditor'8
teport.
Use of our report
This reporl 18 made Solely lo Ihe charily's Iwslees, 88 a body, in ac¢oidan¢e with part 4 of Ihe Charities (Accounts
and Reports) Regulations 2008. Our audit wort( has been undertaken so Ihal we mlghl slate lo the charity's IrLJStees
Ihose mallers we are required lo stale lo them in an auditor's report and for no olher purpose. To the lull@st extent
permitled by law. wè do not accept or assvme responsibility lo anyone other Ihan tho charily and tha charily's
trustee
body, foi our audit work, forlhls ieport, or for the oplnlons we have formed.
mpas
Aeeoun
ants Llmlted
2 (171 *OC6Jgr 2o£lk
Ch
ered Accountants
statutory Audltor
Venture House
The Tanneries
East Street
Tilchfield
Hampshire
P0144AR
Compass Accounlanls Llmiled Is ellglble for appointm¢nl as audllor ol the ¢harSly by vlrtue of Ils tsllgibilily for
appolnlmenl as audllr>r ol a ¢ompany undel section 1212 of the Companles A¢1 2008.

NEWPORT AND CARISBROOKE PCC
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
Current financial yoar
Unrestrlcted Rè8trlctsd
funds
fund$
1022
2022
Totsl
Total
2022
2021
Notss
Income and endowments from:
Donalions and legacies
Charitable activities
Investments
Other income
157.244
64,570
97
17,037
1,228.755 1,383.999
14,074
78,6d4
97
17.037
317,957
51,158
1.154
12.784
Total income
238,948
1.240.829
1,479,777
383,053
Ex
enditure on:
Raising funds
1,023
1.023
1.483
Charitable a¢livilies
216.276
957.388 1,172,664
311,298
Total expendilure
216,299
957,388 1,173.687
312.781
Net gainsl{lossesl on investments
11
(4.0321
{4,032)
1,934
Net movemgnt In fvnd$
18,617
283,441
302,058
72,206
Fund ba18nces at l January 2022
123.393
215.684
339.077
266,871
Fund balancè$ at 31 Dètèmb•r 2022
142,010
499.125
641,135
339,077
Th? slalgmfynl of financial activities includes all galn$ 8nd10$8es recognised in the year.
All income and expenditure derivg from conlinuing activities.

NEWPORT AND CARISBROOKE PCC
STATEMENT OF FINANCIALACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
Prlorfinan¢lal year
Unrestrlcted R95trict8d
fund¥
funds
2021
2021
Total
2021
Note$
Ineomè and Èndowmènt8 from..
Donallons and legacles
Charilabl6 aclivilies
Investments
Other income
189.189
49.102
1.154
12,784
128,788
2,056
317,957
51,158
1,154
12,784
Total Income
252.229
130,824
383,053
Ex
anditura on:
Ralsing funds
1.483
1.483
Ch81itabl8 acti￿11￿$
249,608
61.690
311,298
Totsl oxpgndlturg
251,091
61,690
312,781
Nel y8insl{Ioss8sI on investmènts
11
1.934
1,934
N•t movomènt in funds
3.072
69,134
72,206
Fund balances al 1 January 2021
120,321
146,550
266,871
Fund balances at 31 De¢emher 2021
123.393
215.684
339.077

NEWPORT AND CARISBROOKE PCC
BALANCE SHEET
AS AT 31 DECEMBER 2022
2022
2021
Note$
Flxed assots
Tangible assels
Irweslmen18
13
14
20,004
29,751
25,603
33,783
49.755
59.386
Current assets
stod(s
Debtors
Cash al bank and in hand
15
16
985
27,783
280,961
31,487
599,314
831.301
309,729
Credltors: amounts falllng dua wlthln
one year
17
(39.921)
(30,038)
N8t currenl assèts
591.380
279.891
Total assets less current Ilabllitle8
641,135
339,077
Income funds
Reslricled lunds
Unreslricled funds
Desiynaled funds
Gene181 unreslri¢ted lunds
18
499.125
215,884
19
68,944
73,066
21.144
102,249
142,010
123,393
641,135
339,077
The financial sialemenls were approved by the Trustees on 18 August 2024
Rev S A Sut¢li
Trusteé
Ms G L Torringlon
Trustee

NEWPORT AND CARISBROOKE PCC
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2022
2022
2021
Not9$
Cash flows from operatlng acilvltles
Cash generated from operalions
23
318,256
58,660
Invèstlng 4ctlvltl8s
Inveslmenl income receive(J
97
1,154
Net cash generated from Investlng
actlvltlos
97
1,154
Nèt Cash u$od in financing activltiO8
N*t Incroa$e In ¢a$h •nd ¢8$h equlv4l*nts
318,353
59,814
Cash and cash eqEtivalents al beginning of year
280.961
221.147
Cash and ¢a$h oqulvalonts at ond of yoar
599,314
280.961
10-

NEWPORT AND CARISBROOKE PCC
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Aecountlng poll¢l•$
Charlty Informatlon
Newport and Carisbrooke PCC is 4 registered charily. The Charity Ss raglslered un(ler number 1170906, and
was formedy known as The Parochial Church Council ol IhB Ecclesia51ical Paii5h of the Minster Church of Sl
Thomas Ihts Apo$ll8 and Sl Thomas of Canlerbury, Newport. and was al80 is known under Ihe workin9 name
of Newport Minster.
1.1 Aeeountlng ¢onventlon
Th¢ financial slalemenls havo beon preparod in a¢coTdance with the Church Accounting Regulations. Ihe
Charities Act 2011, FRS 102 "The Financial Repotling Standard applicable in the UK and Republic of Ireland"
I'FRS 102,) and the Charities SORP 'Accounling and Reporting by Charilies.. Slalemenl of Recommanded
Praclice applicable to cha¥ilies preparing their accounts in a¢¢ordan¢e with tho Flnancial Reporting Standard
applicable in the UK and Republ1¢ of Ireland IFRS 1021. The Parfsh Is a Public Benefit Enlily as Ifefined by
FRS 102.
The financial slaternenls have departed from Ihe Charities (A¢￿unIS and Roportsl Regulalion$ 2008 only lo
th8 @xt8nt required lo provlde a true and falr view. Th58 departure has involved following Ihg Slalemenl of
Rècommended Piaclice for charities applylng FRS 102 rather than the version of the Slalement of
Recommended Practice which is referred lo in the Regulations bul which has since been wilhdrawn.
The finan¢lal sialem9nls are prepar&d In slerllng. whlch is the fun¢llonal currency of the Parf8h. Monetary
amounts In these financial slalem8nls are rounded lo the neaTesl £.
The financial slalemenls have been preparod und¢r the hislorl¢al cost ¢onvenlion. Imodified lo include Ihe
revaluation of fre¢hold properties and to include Invtsslmenl prop8rti0s and certain financial insliumenls al fair
valuel. The prIncI￿1 accounling pollcies adopted are sel out below.
1.2 Golng concern
The Parish Church Council has lo balance ils general lund. whilst meeting the Parish Shar& to the Diocese. In
recenl years the PCC has operaled with an annual d&fi¢S1. albeit now n)uch reduced. In addillon the
r¢sloralion projoct granl ￿nditionS required iesetve5 to be used in part funding of the project. The PCC
Ihereforts gol Into a deficit position with the Parish Shale lo the Diocese, which the PCC intends lo reduce.
Further on merger of the Parishes of Sl Johns, Newport. and Sl Marys Carisbrooke. the ￿mbined parish has
laken on increased indebtedness to the Diocese. The paiish share ar￿8￿$ do not constitute a ¢onlractual
obligation, and therefore are not included as a liabilily in Ihese ac¢ounl$.
Al the lime of approvlng the financlal slalemenls, thè Iruslees have a reasonable expectation that the Pari$h
h85 adequate resources lo continue In operational existence for the foreseeable futur&. Thus Ihè Iru$l8eS
continue lo adopt the going concern basis of accounting in preparing the financial slalèm8nts.
1.3 Charitable funds
General funds represenl the funds of the PCC Ihal are not subject lo any reslriclions regarding Ihelr use and
are available for application lor the general purposes of the PCC. Funds designated for a particular u8ts by IhB
PCC are also unrestrieled.
Restricted lunds are those funds Ihat musl be spent on reslri¢ted purposes and delalls of tho lunds and
reslriclions are provided. Endowment funds are those where the ¢8pilal musl be malnlainod.
The accounts include all Iransaclions. assets and liabilities for which the PCC Is responsible in law. They do
not include the a¢¢ounls of ¢hur¢h groups Ihal owtr Ihelr main affilialion lo another body. noi those that are
inform81 g8lhering$ of Church m&mbei$.
11

NEWPORT AND CARISBROOKE PCC
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Accountlng polScl¢s
{Contlnuedl
1.4 Incomo
Income is Tecognised when Parlsh is legally enlllled lo11 after any performance Conditions havè been mel,
the arnounls can be measured reliably. and il 15 probable that income will be received.
Cash donations are iecognised on Teceipt. Other donations are recognised once the Parish has been notified
ol the donalion, unless performance conditions require deferral of the amount. Income lax recoverable in
relation lo don81ions recèived undÉr GiftAid or deèds ol ¢oven8nl is reCOg￿$&d al Ihè lime of Ihe donation.
Ltsgaaes are recognised on recelpl or olherwlso if the Parlsh has been nolifled of an impendlng disliibutltsn,
the amount is known, and receipt is expected. If the amount is not known. thè legacy is Irealed as a
contingent asset.
Grants re￿*Vable induding goveinmenl grants are accounted for when the Charily is enlilled lo the grant. il
can be quanlified. and 11$ receipt is pmbable.
1.5 Exponditur$
Expèns8s ar& alltscatad on the basis of lh8 aclivity lo which they relat8. Support costs ar8 8llocaled in full lo
aclivilies dire¢lly relating lo the work of the church.
The Parish Share represents the amount of money that the Charlty is asked lo ¢onlribule Its support the
mission and mSnislry of the Church in the Dlocese of Portsmouth. 11 is accounted for when paid. Any Parish
Share unpald al year end is included as a note lo these accounts as an opeTalional {ahhough not legal)
liability.
1.6 Tanglbla fixèd assèts
Tangible fixed assets are inilially measured 01 cost and subsequenlly measured al cost or Va￿all¢n. nel of
depreciation and any impairment knsses. Assets below £1,000 artr not Irealed as capllal
Dgprecialion is iecognised so a5 lo write off the cost or valuation ol a55ets Ips5 theii Tesidual values over their
Useful live8 on the folowing base8'.
Plant and equipment
7- 20 % sliaighl line
The gain or los$ afising on the disposal of an asset Is deleTmined as the diffèrence between the sale proceeds
and the carrying value of Ihe assel. and is Tecognised in the slalemenl of financial aclivilies.
Conseeral8d land and buildings and moveable church furnishings is excluded from Ihe accounts by t
Charities Aet 2011. No valu6 is placed on moveable Church furnishings held by Ihe vicar and churchwardens
On SPÉCI81 Irusl for the PCC and whl¢h rèquir8 a facully for disposal sincg the PCC considers this lo be
inalienable property. All expenditure on buildings, pioperty and movable furnishings 15 wrillen off a5
expenditure ￿n the Slalemenl of Financial Aclivilies. Tille lo the chuich ha118 are held by the Diocese of
Portsmoulh and is not included iv) Ihese accounts.
1.7 Flxed asset Investments
Fixed asset investments are inllially measuied al transaction price ex¢luding Iransadion ¢osls, and are
Subsequently measured al fair value al each reporting dale. Changes in lair vaue are recognised In nel
incomellexpendiluTe) for the year. Tiansaclion costs aTe expensed as incurred.
12-

NEWPORT AND CARISBROOKE PCC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Accountlng policies
{Contlnued}
1.8 Impairment of flxed assets
Al each r8portlng end dale. the Parish ieviews the ¢arrylng amounts of ils tangible 2SS&ts to determine
whether there Is any Indication that those assets have suNeTed an impairment loss. If any such indication
exisls, the recoverable amount ol the ass81 is eslimaled in order lo determine the exlenl of the impairrnenl
loss (if any).
1.9 stocks
Stocks are slated al the l¢>wer ofcosl and e81imalfyd splling prlce less costs lo complete and sell.
1.10 Cash and eash equlvalents
Cash and cash equivalents include cash In hand. deposils held al call with bahks. other short-lerm Ilquld
investments with original malurilies of thre& months or lèss, and bank overdrafts. Bank overdrafls are shown
within borrowings in current liabilities.
1.11 Flnanclal Instruments
The Parish has elected to apply Iho provlslons of Sec¢lon 11 '8asic Financial In51rumenls' and Se¢fion 12
'Othgr Financial Inslrumenl818sues' of FRS 102 to all of119 financSal Instruments.
Fir)ancial in51iumenls are re¢ognised in Ihe Parish's balance Shèot when the Parish becomès party to th8
ci)nlractual provisions of the inslrumenl.
Financial assels and liabilitie5 ar& offs81, wilh tha n81 amounts presented in the financial slalernen18, when
ihere is a legally enlorceable right lo sel off the recognlsod amounts and Ihere is an intention lo sellle on a nel
bas18 or lo rè81is8 the asset and sellle the liability simullaneousty.
Basle flnancial assets
Basic financial assets. which Includts debtors and Cash and bank balances, are initially measured at
Ifansadion price including transaction costs and are subsequently carried at amortised cost using Ihe effective
inlerost melhod unless Ihe arrangement conslilule8 a finan¢ing Irans8clion. whère Ihe Iransacllon Is
measured al Iha present valuè of the futur& receipts discounted al a market rale of intere81. Financial assots
classified as ¥eceivable within onè year are nol amortised.
Basle flnanclal Ilablllfl&s
Basic financial liabilities. including crethlors and bank108ns are inilially recognised at transaction price unless
th& arrangtsmtsnl ¢onslilules a financing Ifansacliori, where the debt in$lfumÈnt is mèastjred at the present
value of Ihg future payments discounted al a market rale of Interest. Financial liabilitie5 classified as payablo
wilhin one year are not amortlsed.
Other creditors are obligations lo pay for goods or servi¢es Ihal have been acquired in Ihe ordinary course of
OP8ralions from suppliers. Amounts payable are classified as current Ilabililies If paymenl is due within one
ye8r or less. If not, Ihoy aro presented as non-currenl liab￿11[es.
Dèrecognltlon of flnanclal Ilabllllie$
Financial IlabS1ilies are dèrécognised whgn the Parish's cor)Iraclual obligalions expire or are dI￿harged or
eancelled.
1.12 Employèè b•n8fits
The Cost of any unused holiday enlillemenl 18 recoonised In tho porlod In whi¢h Ihe employee's services aTe
rȢeived.
1.13 Retlremont benefits
Payments lo defined conliibulion reliremenl b8n8fil schemes are charged as an expense as Ihey fall due.
13-

NEWPORT AND CARISBROOKE PCC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting policle$
Iconilnuèdl
1.14 Glfts In klnd
Gllls in kind aTe Included at reasonable estimates of Iheir value lo the charSly, usually Ihe price that tha chaiity
would have lo pay in the open market for an 8quivalenl ilem.
Critlcal accounting e8timate$ and ludgèments
In lh& application ol Ihè Parish's accounting pollclès, th8 truslÉes are requlred lo make ludgemenls, eslimales
and assumptions abDuI the carrying amotjnl ol a55els and liabilities that are not readily apparent from other
sources. The eslimales and associaled assumplioiis are based on historical experience and other factors th81
are considered lo be relevant. Actual resulls may differ from these estimates.
The eslim8les and undertyh)g a8suniplion8 arts rovlewtrd on an ongoing basis. Revisi0115 to accovnllng
eslim8les are recognised in the period whlch the eslimale 15 revised where the revision affecls only thal
peiiod, or in Ihts period of the Tevision and fulure periods where the revision affects both Currenl and future
periods.
The Iruslees believe there a￿ no stsch significant items.
14-

o ¢r>
tt) o ¢J>
ou)
ow)

NEWPORT AND CARISBROOKE PCC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Charltable actlvltles
2022
2021
Church shop- book slall
Church hall lelllngs
Coffee shop income
Fees
Fundr#l$ing income
Model chui¢h income
Other incom8
174
38,079
6,505
14,797
18,259
742
88
331
22,352
3,859
18.656
S,313
78.644
51.158
Analysls by fund
Unre51ricted funds
R851ricted fund5
64,570
14,074
78.644
For tho year ended 31 Dè¢emb&r 2021
Unreslricled funds
Resllicled funds
49,102
2,056
51,158
Other Income
Unrostrl¢l&d Unre$trl¢tgd
funds
funds
2022
2021
Insurance claims receivable
17,037
12,784
Inv&stments
Unre$trl¢tsd Unr&$tri¢t•d
funds
funds
2022
2021
loterest le¢e￿able
97
1,154
16-

NEWPORT AND CARISBROOKE PCC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Ralslng funds
Unrestrlcted Unre81rlcted
fundy
funds
2022
2021
Seeking donzlions, grants and legaclgs
Stsging lundraising events
251
1,232
538
Fundraising and publicity
1,023
1,483
1.023
1.483
17-

NEWPORT AND CARISBROOKE PCC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2022
Charllabl• a¢tlvltlg$
Unrestricted Restrictod
fund
lund
2022
2022
Total Unrestrlctad Rastrlcted
2022
fund
fund
Z021
2021
Total
2021
Slalf costs
Deprèci81ion
Home missions & ¢harily
Parish share
Cleigy expenses
Upkeep of Seviceg
Church running costs
Church mainlen8nce and
ie51oialion
Organlsl fee$ and church
muslc
Insurance
Church h811 and vi¢arag&
wnning co818
Church hall mainlenance
costs
Admini$1181ion- support
costs
Bank ¢harges- 8LlPPOrt
¢051s
Fees lo diocese
Accounts and Independenl
èX8minallon. Governance
Govprnance costs
Othèr charitab18
oxpandilure
34,094
5,599
6.252
38,250
3.143
1.054
15.241
34.094
5,599
6,597
38.250
3.143
1.054
15,241
38,688
3,439
2,936
37,000
985
1,887
9.563
38.686
3,439
3,278
37,000
985
1.887
9.563
345
342
20,058
954.048
974,106
75,955
81.116
137,071
11.679
16,791
11,679
16.791
18.144
14.494
144
18,288
14.494
14,287
14.287
8.215
8.215
6.425
6.425
1.221
1,221
15.704
15,704
12.70D
12.700
145
10,758
145
10.758
163
15.861
88
2S1
15.861
6,529
3,447
2,995
9,524
3,447
2,618
5,741
2.618
5.741
5,820
5,820
215.276
957.388 1,172,664
249,608
61.690
311,298
215.276
957.388 1.172,864
249.808
61,e90
311.298
Analysls by fund
Unreslricled funds
Restricted funds
215.276
215,276
957.388
249.608
249,608
61,690
957.388
61,690
215,276
957,388 1,172,864
249,608
61,690
311,298
18-

NEWPORT AND CARISBROOKE PCC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Trugtees
The fr)Ilowing Iruslegs r￿1Ved r&munerallon from the Parfsh during the year {for servlces riot related lo being
a TiusleBI as (letai18d below..
2022
Salary Pgnslon
Contributions
£925
£0
2021
Salary
Penslon
Contrlbullons
£21,154
£450
£2,997
£0
Ms G Torringlon- Operallons manager
Mrs C Whalley- Cleaning
£30.838
£2.968
10 Employees
The avarage monlhty number of 8mploy86s during Ihè year was..
2022
Numb&r
2021
Number
Employment costs
2022
2021
Wages and $alailes
Social security costs
OlheT pension costs
32.794
35,949
2,287
450
1,300
34,094
38,686
There wer8 no employees whose annual remunèralton was morè Ihan £60,000.
11 Net galnBIIIo8sesl on Investments
Unre$trl¢tèd Unrestrictèd
funds
funds
2022
2021
Revaluation of invgslments
14,032)
1,934
12 Taxatlon
The charity is exernpl from lax on income and gains falling wilhin seclion 605 of thè Taxes Acl 1988 or section
252 of the Taxalionof Chargeable Gains Act 1992 to Ihe exlenl that these are appll¢d lo ils charilable objects.
19-

NEWPORT AND CARISBROOKE PCC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
13 Tanglble fixed as8ets
Plantand oqulprngnt
Cost
Al l January 2022
43,532
At 31 December 2022
43.532
Depreciatlon and Impairment
Al 1 January 2022
O&pre¢iallon charged In Ihe year
17,929
5.599
Al 31 December 2022
23.528
Carrying amount
Al 31 December 2022
20.004
Al 31 December 2021
25,603
14 Flx¢d assot Investm9nts
Invo$tm&nts
Cost or valuatlon
Al 1 January 2022
Valualitsn changes
33,783
{4.0321
Al 31 Decgmber 2022
29,751
Carrylng amount
Al 31 December 2022
29,751
Al 31 Decembei 2021
33,783
16 Sto¢k$
2022
2021
Bookshop Stocks
500
985
-20-

NEWPORT AND CARISBROOKE PCC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
16 Dgbtors
2022
2021
Amount$ falllng dug wlthln one ygar.
Olhar debtors including GiftAid
Prepayments and accrued ineome
7.410
24.077
27.398
385
31,487
27,783
17 ¢r•ditor8'. amounts falllng duo within one year
2022
2021
Other laxalion and social securily
Funds held for others- Alrnshouses charity
OlheT Creditors
A¢cruals and deleriod Income
555
11,218
254
27,894
1,933
14.057
14.048
39,921
30,038
The parlsh Is also In arrears for the Parish Share lo the Dlocese of Port8moulh. The Parish ShaTe is nol a
legal liability and has ntsl been Included within the credilors. Al the year end £246.040 of arrears was
oulslanding (2021 £192,729).
21

*(0
00
¢J) * v
oèEort>
a>E
p)
o) c
c££
èèb
zEzZZ￿(D0￿LLEfnUjtr

(o
i! é'gigg. I
t4 Ln
o (o •
¢0 (o Lr)
01>sofJ
Illji£

NEWPORT AND CARISBROOKE PCC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2022
20 Analytsls of net a$88ts betweèn funds
Unre3trlcted Restricted
2022
2022
Total Unr•strlct8d Réstrlctsd
2022
2021
2021
Total
2021
Fund balances al 31
December 2022 are
represented by..
Tangible assets
Inveslm8nts
Current asgelsllliabililies)
20,004
29,751
92,255
20,004
29.751
591,380
25.603
33.783
64,007
25,603
33.783
279.691
499,125
215,684
142,010
499,125
641.135
123.393
215,684
339,077
21 Opèrating lèase commitments
Al the repDrting end dale th8 Parish had oulslaiiding commitments for future minimum lease payments under
nonrfancellable opeialing leases, which fall Llue as follows..
2022
2021
Within one year
753
-24-

NEWPORT AND CARISBROOKE PCC
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
22 Related party tran$actlons
PaymeRt8 rnade lo iwo Trustees for wages arè disclosed in note 9. There are no further disclosable related
party transactions during the year (2021 none).
Tho Upp&r Alm$hou¥es Trust- Reglsiered charlty numb•r 236493
The Churchwardens and Incumbent arts als¢) Ihg Ttuslees of a separate charity- th8 UpperAlm$houses Tiusl
Newport and the PCC administers the assets of the charily wilh that of Ihe PCC. Tha Upper Alsmhouses are
separately regislored with the ChaTity Commission under numb8r 236493. These funds are wilh Newport
Minster and included in ¢redilors al £11,218 (2021 £14,057).
FrSends of thg Mlnster Chureh of Salnts Thomas Newport Isle of Wlght- R491stered charlty 1133165
Th8 fri8nds oiganisalion raise funds lor the upkeép of the ¢hur¢h buildings and is registered as a cha￿tY
under number 1133165. During the year Iha Friènds, Charlty ￿ntributed funds towards resloialion projecl
including assisting with events, and Ihg lialson with Ihe builders and grant providers.
Lord Hunsdon's gift- Reglstered charity numbèr 237670
Lord Hunsdon's glN aim to PTovide relief within the parish of Carisbrooke who are in condilions of need,
hardship or di8lre5s. During the year the charity contributed to supporting the parish in which the ¢hur¢hes
operate. Al the year end, the charity had funds of £93612027 - £936).
Serle's glft- R8gl$torgd charity number 237669
Serle's glft aim Is lo provide relief lo persons resldenl In Carisbiooke who are in condition ol ne8d, h8rd$hip or
dislress, either in gifts of kind or grants of money. During the year the charily conlribulod 10 8UPPOrting thè
parish in which the churches op8r81è in. Al the yèar end the charily had funds of £8,86312021- £8.8631.
23 Cash g•ntrratgd from operatlons
2022
2021
Surplus for the y&ar
302,058
72.206
Adjuslmenl¥ foi..
Investment income re¢ogni8ed in slalemenl ol financial a¢livS1ies
Fair value gains and losses on Investments
Depreciation and impaimient of langible fixed asse15
1971
4,032
5,599
(1,1541
(1.9341
3.439
Movements In woiking capital..
Decreasellincreasel in stocks
Ilncrease) in debtors
Increase in Gredilors
485
13,704}
9,883
{272)
{23.402)
9.777
Ca$h 9gnfrral•d from opèratlons
318.256
58,660
24 Analysls of changès In not fund8
The Parish had no debt during the year.
25-