Pursuant to a notice given and posted near the church door, the Vestry and Annual Parochial Church meeting, sitting together as required by the Churchwardens (Appointments and Regulation) Measure 1964, was held in St Faith’s Church on Sunday, the Thirteenth of March 2011 for the election of churchwardens

The Reverend Canon Peter Jones presided.

1      Apologies

Apologies for absence were received from Mrs Penny Britt, William Skilleter. Mr Paul Utting and Mrs Joy Utting.

2      Minutes

The minutes of the Vestry meeting held on 25 April 2010 were read by the Secretary and signed by the Chairman as a complete record.

3      Election of Churchwardens

The Chairman reported that he had received two nominations, both proposed and seconded, for election to Churchwarden.    No further nominations had been received and therefore the Chairman declared Mrs Sandra Haggan and Mrs Mary Strugnell as Churchwardens for the ensuing year.    The Chairman expressed his appreciation to Dr Graham Frost, who was standing down, and Mary for all their expertise and support.    Sandra would take over as Churchwarden on 21 June when the Archdeacon’s visitation took place.

4      Next Vestry Meeting

The next Vestry Meeting would be on Sunday 11 March 2012.

There being no further business, the meeting closed.

St Faith’s Church Havant

Minutes of the Annual Parochial Church Meeting 13 March 2011

The Annual Parochial Church Meeting of St Faith’s Church, having been convened, was this day, the Thirteenth Day of March 2011, held in St Faith’s Church at 11.15am.    There were 55 people present.

1              Minutes

The minutes of the Annual Parochial Church Meeting held on 25 April 2010, having been previously circulated, were signed by the Chairman, the Reverend Canon Peter Jones, as a complete record.

2              Election to the Parochial Church Council and Deanery Synod

We were entitled to 12 elected members to the PCC.   Six members remained on the PCC under the three year rule.    This left six vacancies.    One member, Fiona Hedley, was seeking re-election and her nomination had been proposed and seconded.       Nominations had been proposed and seconded for Graham Frost, Jackie Martin, Alistair Piper, Armineh Pogsian and Jane Rowthorn.   There being no further nominations, these six were duly elected.     Michael Fluck and Sandra Haggan had stood down as Deanery Representatives under the three year rule.   Nominations had been proposed and seconded for their re-election.   No other nominations had been received and they were duly elected to serve as Deanery Representatives.

3              Appointment of Sidesmen

The meeting agreed that the following would be appointed sidesmen for the ensuing year:

Mrs A Bartholomew            Mr K Bracher                       Mrs S Creech        Mrs J Falconer

Mrs T Frost                           Mrs E Gilbert                        Mr A Hakim          Mr G Jones           

Mr A Joyce                            Mrs F Joyce                          Mr M Little           Mrs A Plater         

Mr M Poliszczuk                  Mrs D Powell                        Mrs V Rose           Mrs D Rowden

Mrs J Sagrott                        Mrs V Searle                         Lt Col P Thomas

4              Electoral Roll

Hilary Deadman, Electoral Roll Officer, referred parishioners to her written report.    There were no questions.    The Chairman expressed the appreciation of the parish for Hilary’s work and expertise.

5              PCC Report

There were no questions from parishioners about the PCC written report which had been previously circulated.    The PCC Secretary, Roger Bryant, praised PCC members for their work and decision making on the difficult issues brought before the committee.    Every member brought a particular knowledge or experience to meetings and attendance had been almost 90%.    Roger was now standing down as PCC Secretary after eight years and was thanked by the Chairman for his work over that period.

6              Treasurer’s Report & 2010 Accounts

Helen Faulkner, Treasurer, referred to the accounts which had been made available to parishioners at the meeting.    There had been difficulties in restructuring our accounts to meet Diocesan regulations.    The stewardship giving in 2010 had been £25K which, based on the number of people participating in the planned giving scheme, represented on average approximately £6 per week.  But in 2010 it cost roughly £20 per head for the average Sunday attendance to worship. Against the £25K of giving, we required three times as much from our properties which realized £75K in rents and hiring’s.    Against our income from properties had to be set the high cost of their maintenance.     In answer to a question from Mike Dodsworth, Helen explained the massive expenditure ahead of us in respect of the church.   Then there was the cost of essential structural repairs to Church House and Coach House properties, together with ongoing maintenance and repair of residential and commercial properties.   Almost all our substantial capital was tied up in property which had to be developed if we were to create income from it.    The last Quinquennial Report had set out a programme of essential repairs the majority of which the architect expects to be completed by the end of 2014.  The arrival of a new assistant curate this summer would be a charge on the parish by virtue of working expenses and loss of rent for Christ Church Bungalow.    In answer to a question from Sheila  Legg, the Chairman explained that before we could go to charities and  heritage funds,  we need to have agreed strategies and aims with potential significant partners in order that combined funds from joint applicants on our behalf could then attract greater sums of matched funding.    No one would expect to pay the total costs of any project.   Helen concluded by thanking Roger Simmons and Geoff  Porter for their day to day work of payments, banking and accounting and also Colin Carter for his work on the Finance Committee.    The Chairman expressed his thanks and appreciation to Helen, who was now standing down as Treasurer.     Her work had made an exceptional contribution to St Faith’s Church.

7              Appointment of Examiners of 2010 Accounts

Messrs Morris Crocker had been our Examiners (Auditors) for many years.    There had been changes in our requirements and costs had increased in recent years.    The examination of our 2010 Accounts had not gone smoothly.    However they were very familiar with our accounts.     A Resolution was proposed by Michael Dodsworth and seconded by Colin Warlow that we should retain Morris Crocker for the 2011 Accounts.   All agreed.

8              Written Reports

Written reports from officers and committees had been previously circulated.   There were no questions.

9              Chairman’s Report

I began last year’s report by stating my New Year’s resolution for 2010. It was: “Make sure that the opportunities presenting themselves in 2009 continue to dominate our church in 2010 and ensure that the queue of emerging threats are addressed or put into perspective” I cited as one of the threats the risk to our church building in the form of £300K of Quinquennial scheduled repairs. During 2010, as this year’s Buildings Management Committee reports, apart from very urgent items, we have not even contemplated spending the £60k recommended for 2010. This was because in February our church architect confirmed the extent of the problems affecting the vestries which led to the abandonment of the choir vestry on health and safety grounds. No repairs to this area were possible ahead of a decision, based on further reports from the architect, on how these rooms might best be remodelled to serve more appropriate purposes which might include toilets, small servery or office.

I must further report this year that a Condition Survey commissioned by the PCC and occasioned by an emergency in Coach House has confirmed that at least £85k must be spent urgently on Church House followed by a further £42k just to return the property to a decent state of repair. A sum of approximately £400k is needed, however, to convert it for future uses which will be capable of generating necessary levels of income.

Therefore at it last meeting (falling outside the year I’m reporting on but vitally important for you to understand at this point in time) the Buildings Management Committee Report to the outgoing PCC contained an outline proposal which, with support from the Diocese of Portsmouth and Havant Borough Council, could be a way forward for Church House, Coach House and the Church Hall. Such a scheme envisages providing a rectory within the original 18^th century listed part of the complex and remodelling the layout of the remainder of the property and the hall to support social enterprise.

 As for the problems with the church we are still counting on the eventual sale of Christ Church Centre and perhaps other residential properties we own to provide funds for the repair, renovation and re-ordering of St.Faith’s. The re-ordering will eventually aim to incorporate features that a future PCC regard as being able to secure increased revenue generating community use. Interesting conceptual options have already emerged from our collaboration with the University of Portsmouth School of Architecture and which will be referred to our church architect.

An early agreement by all interested parties on a plan to resolve our buildings issues will determine whether we have a viable life as a parish.

The first line of this year’s Financial Review contained within the Annual Report claims that this year has seen ‘a marked improvement in our finances’. This refers to our annual income and expenditure for 2010. The statement is true, but only in the sense that in the light of the pressure to spend money on urgent repairs to the church fabric and to that of Church House we suppressed expenditure on mission activity in order not to go ‘into the red’. So it happened that we ended with an end of year surplus which appears to justify the claim that we have improved our position.     But the statement is also completely false.   Despite the reported 11% increase in receipts from planned giving we still only generate £25k of assured income from parishioners. The other £75k which made up the £100k it cost the PCC to open the church, heat it, insure it, staff it and administratively resource it came from the community in the shape of rent.

So for every £1 our contributors put into the running of our church we needed £3 from elsewhere. It costs the PCC roughly £20 per week to provide a place for our eighty planned givers. We presently rely on a 300% subsidy. Unfortunately, as described in the paragraphs above, the state of our buildings could lead at any time to a loss of funding streams which presently comes from the main source of this subsidy, namely rent.  Our church architect notes that ‘The areas used (in Church House) are in very poor condition and it is surprising that the tenant is able to sustain a commercial venture there’. So a substantial loss of income is anticipated if /when the tenant withdraws. We saw this situation imposed upon us when Coach House was closed for a period this year: it compounded the problem caused by our inability to let 2 North Street. We could easily lose up to 60% of the £75k we currently rely on to keep us afloat.

So it hardly comes as a surprise that some people argue that we cannot afford such items as a plinth/platform to help to support the variations in our worship and cultural life to which our mission statement commits us.    The situation is actually far worse than that. For the reasons I’ve given earlier in this report we already have to confess to living well beyond our means. As things stand we can’t afford a curate that everyone agrees we need in order to grow. We can’t afford a Parish Office or a Parish Office administrator or a cleaner caretaker. And if we spent £60k on the most urgent Quinquennial repairs instead of paying the diocese our parish share towards the cost of my ministry you wouldn’t have a rector, let alone an additional curate. It is against this backdrop that the mission of our Visitor Team, Sunday Club, Youth Church and youth Club leaders continues apace.

So what are the solutions to the challenges which threaten to choke off our life? First, encourage joyful and realistic giving among a growing number of Anglican Christians in Havant whose priority is their faith in a God who gives us everything. A stewardship campaign this year will do that. Second, develop our buildings for uses that will engage the whole community who will have good reason to wish to support our seven day per week mission which is designed to ‘put the heart back into Havant.’    In 2010 our ministry team expanded with the qualification of Sandra Haggan as Reader and the emergence of Mike Fluck as Reader in Training. It is due to further expand with the designation in 2010 of Patricia Mann who will serve her title here: only one of four in the whole diocese and paid a stipend by the diocese from funds contributed by 141 other parishes.

In 2010 our links with Warblington School (diocesan affiliated) and all our local primary schools grew with their increased participation in church life.   The PCC reorganised to establish the new Parish Development Committee to refind our mission and vision following the completion of the Rapid Parish Development programme. This group has evolved plans for the PCC in relation to improving the current flexibility of the church building for both worship and welcome as well as plotting the next stage in the development of our publicity and communications.   Despite the loss of individuals from the electoral role who were promoted to glory our ER numbers grew as did the number of families ministered to (51) through the preparation for weddings, baptisms and funerals.

Our youth and young children’s sections were encouraged with the provision of allocated if modest budgets and, through help from parents, the provision of new spaces in which to meet.

In 2010 we received a new bishop, Christopher, from St.Alban’s Diocese and, on 26^th January commended Bishop Kenneth to God. The diocese also resolved to lose a certain number of stipendiary clergy in order to cope with a shrinking budget. The Ministry for Mission strategy will see new patterns of staffing in the Havant Deanery. Watch this space. Whether it be the diocese, the deanery or the parish we shall either change or die. We believe in the resurrection: but as St. Paul taught us “what you sow does not come to life unless it dies. And as for what you sow, you do not sow the body that is to be, but a bare seed….But God gives it a body as he has chosen, and to each kind of seed its own body.” I look forward to seeing that body take on its particular form fit for the purposes God is calling us to serve.

My New Church Year Resolution?

“Make sure that the opportunities presenting themselves in 2010 continue to dominate our church in 2011”

Peter Jones,

Rector.

10           Vote of Thanks

Graham Frost thanked the Chairman on behalf of the parishioners for all his work and endeavours over the last difficult year.    The meeting responded with warm applause.

There being no further business, the APCM closed.

Registered Charity No. 1128278

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST. FAITH, HAVANT

ANNUAL REPORT
AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31ST DECEMBER 2010

 
ANNUAL REPORT

1.  ReferenCe and ADMINISTRATIVE INFORMATION

Charity Name                       The Parochial Church Council of the Ecclesiastical Parish of St Faith, Havant

Registered Charity No.        1128278

Church Office                       Church House, The Pallant, Havant PO9 1BW

Trustees:

Incumbent                        The Reverend Canon Peter Jones

Other PCC Members      Dr Graham Frost

Mrs Mary Strugnell

Mr Roger Bryant

Mrs Helen Faulkner

Mrs Sandra Haggan

Dr Michael Fluck

Mr Colin Carter

Mrs Fiona Hedley

Mr Geoff Jones

Mr Alistair Piper

Mrs Anne Plater

Mrs Armineh Pogosian

Mrs Jane Rowthorn

Mr William Skilleter

Prof Jan Stuart

Mrs Rosemary Thomas

 

Other trustees during 2010: Mrs Shirley Caunter (until 24 May)

Mr Martin Poliszczuk (until 25 January)

Mrs Jenny Sagrott (until 25 April)

 

Main Bankers                       CAF Bank
25 Kings Hill Avenue, Kings Hill, West Malling
Kent ME19 4JQ

Independent Examiner        R M L Perry
Morris Crocker, Chartered Accountants, Station House,
North Street, Havant, Hants PO9 1QU

2.  Structure, Governance & Management

St Faith’s Church is the principal church of the Havant Deanery in the Diocese of Portsmouth within the Church of England.

Incumbent

The Reverend Canon Peter Jones was our incumbent throughout 2010, having been inducted on 1 June 2009.

Parochial Church Council (PCC)

The method of appointment of PCC members is as set out in the Church Representation Rules.  All church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.

PCC Members who have served since 1 January 2010 until the date of this report are:

Incumbent                             The Reverend Canon Peter Jones

Church Wardens                  Dr Graham Frost and Mrs Mary Strugnell (from 25 April)

Representatives                     Dr Michael Fluck

on Deanery Synod                Mrs Sandra Haggan

Elected Members                  Prof Jan Stuart (Church Warden until 25 April)

Mr Roger Bryant (Hon. Secretary)

Mrs Helen Faulkner (Hon. Treasurer)

Mr Colin Carter

Mrs Shirley Caunter (until 24 May)

Mrs Fiona Hedley

Mr Geoffrey Jones (from 25 April)

Mr Alistair Piper (from 21 June)

Mrs Anne Plater

Mrs Armineh Pogosian (from 25 April)

Mr Martin Poliszczuk (until 25 January)

Mrs Jane Rowthorn (from 25 April)

Mrs Jenny Sagrott (until 25 April)

Mr William Skilleter

Mrs Rosemary Thomas

 

The full PCC met ten times during 2010 with an average attendance of 86%.  Meetings were reported regularly in the monthly parish magazine, “Faith Matters” and on the Parish Website at www.stfaith.com.

The PCC was supported in its duties by 6 committees:

Standing Committee             Incumbent                    Canon Peter Jones (Chairman)

Church Warden           Dr Graham Frost

Church Warden           Mrs Mary Strugnell

Hon Secretary              Mr Roger Bryant

Hon Treasurer              Mrs Helen Faulkner

Member                        Mr Colin Carter

Buildings Management        Mr William Skilleter (Chairman)

Committee (BMC)                Prof Jan Stuart (Secretary)

Mr Alistair Piper

Mrs Anne Plater

Mrs Jenny Sagrott

Mrs Mary Strugnell

Mr Paul Utting

Parish Development             Canon Peter Jones (Chairman)

Committee (PDC)                 Dr Michael Fluck

Dr Graham Frost

Mrs Fiona Hedley

Mr Geoffrey Jones

Mrs Armineh Pogosian

Mrs Jane Rowthorn

Mr Richard Stokes

Mrs Rosemary Thomas

Worship Committee             Canon Peter Jones (Chairman)

Mrs Penny Britt

Dr Trevor Hopkinson

Mr Michael Laird

Mr Bruce Strugnell

Mrs Carmen Stuart

Prof Jan Stuart

Mr Peter Thomas

Mrs Sylvia Willey

Pastoral Care Committee    Mrs Rosemary Thomas (Co-ordinator)

Mrs Hilary Deadman

Mrs Sandra Haggan

Mrs Sybil Laird

Mrs Jean Morgan

Mrs Anne Plater

Finance Committee              Mrs Helen Faulkner (Treasurer and Chairman)

Mr Colin Carter

Mr Roger Simmons

The above committees met regularly during the year, giving where appropriate written reports to the PCC.

Church Staff

The stipendiary and salaried staff team comprises:

Incumbent                                          The Reverend Canon Peter Jones

Director of Music                              Mrs Sylvia Willey (self-employed)

Part-time office administrator         Mrs Clare Kennar

There is also:

Readers                                              Dr Trevor Hopkinson and Mrs Sandra Haggan

Reader in training                             Dr Michael Fluck

Charitable Status

In common with all other Church of England Parochial Church Councils, St Faith’s PCC has been recognised as a charity for many years, but was exempt from the requirement to register with the Charity Commission.  Under the terms of the Charities Act 2006, the Parochial Church Council (PCC), having an annual income in excess of £100,000 was registered with the Charity Commission; this registration  being  confirmed on 26^th February 2009.

Accountability

The PCC is fully aware of the risk factors involved in the running of church affairs and continues to ensure that all our properties are adequately insured, including public liability.  We have a Health and Safety policy which our officers follow and have implemented the Disability Discrimination Act.

Our Child Protection Officer, Fiona Hedley, who is a member of the PCC, has ensured that the Child Protection Policy approved by the PCC, has been applied across all church activities as well as ensuring that the owners of the two private nurseries which hire rooms in Church House and Christ Church Centre respectively are aware of our child protection responsibilities.

Public Benefit

The Trustees are aware of the Charity Commission’s guidance and requirements on public benefit in The Advancement of Religion for the Public Benefit and confirm that they have had due regard to it in their administration of the PCC. As a part of its general promotion of the whole mission of the Church, the PCC provides a benefit to the public by:

·         providing facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers; and

·         promoting Christian values, and service by members of the Church in and to their communities, to the benefit of individuals and society as a whole.

 

3.  OBJECTIVES & ACTIVITIES

The principal function of St Faith’s PCC is promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. A review of our mission statement by the newly created Parish Development Committee following the Rapid Parish Development Programme concluded in March expresses these aims and objectives in a series of new vision statements which in turn lead to a list of priorities actions.

St Faith’s PCC has responsibility for St Nicholas Chapel in Langstone and the following properties which are either let on tenancy agreements or hired out either on a regular or one-off basis:

• Parish Hall complex, including Church House and Coach House;
• Christ Church Centre and Christ Church Bungalow, Havant
• Nos 1 & 2 Churchfields, Havant

The Incumbent and the two Churchwardens are also Trustees of the Church Institute which is responsible for 2/4 North Street, Havant.

The planning and resourcing of Sunday and weekday Eucharistic and non-eucharistic services and the conducting of occasional offices (see below) give rise to careful and extended preparation in relation to Christian Initiation and Holy Marriage as well as bereavement visiting.  Home Communion is administered by three laity licensed for the purpose.  In support of its objectives and responsibilities, St Faith’s also runs a number of support groups, including:

·         Sunday Club

·         Youth Church

·         Young Believers Club

·         Bible Study Group

·         Women’s reading group

·         Prayer Group

·         Confirmation classes

·         Lent Groups

·         Men’s Group

·         Ladies Group

·         Art Group

Occasional Offices

Of the services performed in St. Faith’s Church, there were:

Baptisms: 10

Confirmations: Nil

Weddings: 10

Funerals: 8 (with a further 7 conducted in crematoria)

4.  REVIEW OF 2010 ACHIEVEMENTS & Performance

Church Attendance

There are 174 parishioners on the Electoral Roll.

The average weekly attendance, counted in October 2010 was 80.  This increased at the Easter, Christmas, Civic and Remembrance Day services; the attendance on Christmas Eve and Christmas Day (combined) was 177.

These figures are used by the diocese to determine the parish share to be paid by St Faith’s to support the running of the diocese.

Ecumenical and Wider Church

Throughout 2010, St. Faith’s continued to take a full part in the life of the Deanery and Diocese.  There are two Deanery representatives on Deanery Synod.

St Faith’s was represented consistently on the Churches Together in Havant and Bedhampton group.

Charitable Support

St. Faith’s has  supported two particular missions in 2010: the missionaries in Sendai, Japan , under the auspices of Overseas Missionary Fellowship (OMF) and the parish of St John the Divine, Nsawam, Ghana through the Inter Diocesan West African Link (IDWAL), in which the Portsmouth Diocese is linked to Ghana.

St. Faith’s also supported a boy in Boystown, India and has supported other charity organisations as nominated by the PCC.

Publicity & Communications

“Faith Matters”, the monthly parish magazine, was published each month in 2010 as in previous years.  Each contained varied articles, puzzles and a “what’s on” feature to keep parishioners informed about parish life.  A summary of the meetings from the PCC, PDC and BMC were also included.  The magazine continued to be self supporting, gaining its income from magazine sales and advertisements.  Circulation was around 170 copies per month.  Colin Carter, Editor, and his wife Beryl, Advertising and Distribution, have very successfully published each month an informative and attractive magazine for nine years and parishioners owe them a debt of gratitude.  They intend to retire from these tasks in 2011.

St Faith’s also has its own Website - www.stfaith.com - which is very well established and attracts interest and correspondence from around the world.  It was maintained up to date throughout 2010.  Colin Carter set up this website in 2003 and intends to continue as the website manager (webmaster).

The Weekly Bulletin continued to be produced for the Sunday services, highlighting events taking place in the near future.  It also contained the readings for the 9.30am Sunday Eucharist.

A new advertising poster and flier was produced quarterly in order to publicise highlighted services and events within the period that might appeal to newcomers inspired by the successful ‘Back to Church’ Sunday events.

 

Development

The Incumbent has continued the review started last year of the parish aims in the light of previous development plans and our current finances.  Following consultation with a Diocesan consultant, architectural students from Portsmouth University undertook projects which considered schemes for both the environment within which the church is set and build options for the church and churchyard during the year which attracted much interest and support from parishioners.  As a result a set of imaginative proposals emerged to make St Faith’s Church more accessible and attractive to townspeople.  These are under active consideration and plans were advanced in 2010 for the re-ordering of the interior of the church.  Negotiations, took place with the Dynamo Youth Theatre in 2010 for their use of our Hall and these should be finalised in 2011.  Our properties at Christ Church (Centre and Bungalow) continued to be let together with Churchfields (Nos 1 & 2).

The Incumbent continued with the responsibilities specified in the Schedule of Agreement under the partnership between the Diocese of Portsmouth and Warblington School.  The parish continued to forge links and the Incumbent has access to worship in the school and to its curriculum development as well as providing drop-in chaplaincy services.  He continued in his duties as Chaplain to Havant College of Further Education.  He relinquished his post  as Bishop’s Advisor on Inter Faith Matters during the year in order to allocate time to his diocesan role as  Bishop’s Clerical Examiner for prospective ordinands and as Mentor  delivering the Initial Ministerial Education (4-7) programme to the five assistant curates now serving titles on the mainland part of the diocese. He represents the Diocese of Portsmouth as an Archbishop’s Assessor in relation to the implementation of the Clergy Discipline Measure.

A new ‘outreach’ service was developed for 5pm on Occasional Sundays as an alternative to Evensong.

Social & Fundraising Events

Social & fundraising events took place through 2010 with the aim to invite the community into the church and to raise funds for the Restoration and Redevelopment.  Events included

·         Coffee mornings

·         Town Fair

 

5.      2010 FINANCIAL REVIEW

This year has seen a marked improvement in our finances, although this must be seen in the context of massive expenditure urgently required for major repairs to the fabric of St Faith’s Church arising out of dry rot in the vestries and the necessary extensive repairs identified in the last Quinquennial Report.  In addition, major structural repairs will be required on Church House and Coach House following a recent Condition Survey commissioned by the PCC. No capital funds have been accumulated in recent decades to meet costs estimated in the hundreds of thousands.  The income for the year in excess of £141K was against a projected budget of almost £132K.  There were many factors responsible for this upturn including, modest increases in cash collections, significant increases in planned giving among a minority of contributors (and therefore in recoverable tax) plus the recovery through the courts of unpaid rents for 2 North Street.  Against this, there was a shortfall in shop income through closures necessary for urgent and expensive repairs, through loss of rent for 2 North Street and a reduction in dividends received.

Expenditure was more than £117K.  This exceeded budget by more than 10% in respect of utilities (gas, electricity, water telephones, etc.), organ and piano maintenance and repairs to Christ Church Bungalow.  The total parish current accounts stood at just over £68K and deposit accounts at over £65K.

As in other years, St Faith’s continued to pay all bills and the parish share promptly and in full.  However, we are facing difficult decisions in 2011 as we try to effect urgent repairs to the fabric of the church prioritising the renovation of the rooms to the east of the north chancel.  In addition to increasing the average level of planned giving to something much closer to the national average (currently little more than half!) it is imperative that we have a campaign to raise essential money towards the cost of specified capital projects of repair and renovation.  Our forbearers bequeathed to us properties which have served the community of Havant but now, in certain instances, these quickly deteriorating buildings threaten to rapidly exhaust reserves set aside for the purpose of renovation and development and any annual revenue amounts allocated for running repairs..  It is now time that we carried forward our legacy to use our estate as the basis of planned growth in specific areas of mission.  We can do this only by seeking significant capital amounts through grant aid, private bequests or from partnership community development funding.

RESERVES POLICY

It is the policy of St Faith’s PCC to maintain unrestricted funds, which are the free reserves of the PCC, at a level which equates to three months’ unrestricted expenditure.  This provides sufficient funds to cover parish management and administration as well as the activities directly relating to the work of the Church.  It is our policy to invest surplus funds with the CBF Church of England Deposit Fund.

We confirm that unrestricted funds were maintained at this level throughout 2010.

 

6.  STATEMENT OF RESPONSIBILITIES

The members of the Parochial Church Council are required to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the PCC and of the surplus or deficit of the PCC for the period.  In preparing those financial statements, the PCC is required to:

1)      select suitable accounting policies and then apply them consistently;

2)      make judgements and estimates that are reasonable and prudent;

3)      prepare the financial statements on the going concern basis unless it is inappropriate to presume that the PCC will continue in operation.

The members of the PCC are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the PCC.  They are responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

St Faith’s PCC confirms that it is aware of these responsibilities and that it has exercised them to the best of its ability

 On behalf of the PCC

Accounts

STATEMENT OF FINANCIAL ACTIVITIES
For year ended 31 December 2010

						2010	2009
			Unrestricted	Restricted	Endowment	Total	Total
			Funds	Funds	Funds	Funds	Funds
	Note		£	£	£	£	£
INCOMING RESOURCES
Voluntary income		2a	55,587	351	0	55,938	62,770
Activities for generating funds		2b	16,047	1,110	0	17,157	17,828
Income from investments		2c	35,741	0	0	35,741	35,470
Church activities		2d	31,697	0	0	31,697	27,877
Other income		2e	2,679	0	0	2,679	0
TOTAL INCOMING RESOURCES			141,751	1,461	0	143,212	143,945
RESOURCES EXPENDED
Fundraising costs		3a	3,440	87	0	3,527	180
Church activities		3b	103,515	1,906	0	105,421	97,434
Governance costs		3c	1,568	0	0	1,568	1,212
Extra-parochial giving		3d	6,000	0	0	6,000	2,840
Major Capital Expenditure		3e	3,759	160	0	3,919	35,761
TOTAL RESOURCES EXPENDED			118,282	2,153	0	120,435	137,427
NET (OUTGOING)/INCOME RESOURCES			23,469	(692)	0	22,777	6,518
TRANSFERS  BETWEEN FUNDS
LOSSES/GAINS ON INVESTMENTS	5b		947	0	2,155	3,102	2,352
NET MOVEMENT OF FUNDS			24,416	(692)	2,155	25,879	8,870
BALANCES BROUGHT FORWARD AT 1 JANUARY			79,637	29,411	427,672	536,720	527,850
BALANCES CARRIED FORWARD AT 31 DECEMBER			104,053	28,719	429,827	562,599	536,720

 

BALANCE SHEET At 31 December 2010

 

			2010		2009
		Note	£	£	£	£
FIXED ASSETS
	Tangible fixed assets	5(a)		380,283		380,703
	Investment assets	5(b)		63,518		60,416
				443,801		441,119
CURRENT ASSETS
	Debtors	7	1,771		17,131
	Cash at bank and in hand		131,061		87,391
			132,832		104,522
LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR		8	(14,034)		(8,921)
				118,798		95,601
NET ASSETS				562,599		536,720
FUNDS
Unrestricted		9		104,053		79,637
Restricted		9		28,719		29,411
Endowment		9		429,827		427,672
				562,599		536,720

  

Approved by the Parochial Church Council on 28^th February 2011 and signed on its behalf by:

Reverend Canon Peter Jones

Incumbent

Notes

1.            ACCOUNTING POLICIES

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP (2005).

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value and properties which are shown at valuation as at 31 December 1998.

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC.  Funds designated for a particular purpose by the PCC are also unrestricted.

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law.  They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.  Following new regulations introduced in respect of the year 2007 and subsequently, sums collected for specific charities (eg at “special” and funeral services) are excluded from the financial statements; previously they were included in both incoming and outgoing resources.

Incoming Resources

Voluntary income and capital sources

Collections are recognised when received by or on behalf of the PCC. 

Planned giving receivable under covenant is recognised only when received.

Income tax recoverable on covenants or gift aid donations is recognised when the income is recognised.

Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.

Sales from the church shop are accounted for gross.

Other income

Rental income from the letting of premises owned by the church is recognised when the rental is due.

Income from investments

Dividends and interest are accounted for when receivable.

Gains and losses on investments

Realised gains or losses are recognised when investments are sold.

Unrealised gains or losses are accounted for on revaluation of investments at 31 December.

Resources Used

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Church activities

The diocesan parish share is accounted for when paid.  Any parish share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.

Resources expended

All other expenditure is generally recognised when it is incurred and is accounted for gross.

Fixed Assets

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is excluded from the accounts by S.96(2)(a) of the Charities Act 1993.

Movable church furnishings held by the Rector and Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted as inalienable property unless consecrated.  They are listed in the Church’s Inventory which can be inspected (at any reasonable time).  For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts.

All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £1,000 or on the repair of movable church furnishings acquired before 1 January 2000 is written off.

Other fixtures, fittings and office equipment

Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Assets capitalised are written off over the estimated life of the asset.

All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

Other properties

Properties are shown at professional valuation as at 31 December 1998.  Valuation of a nominal £1 value has been placed upon the Church House and the Church Hall as at that date it was not intended that these properties would be disposed of.

Investments

Investments are valued at market value at 31 December.

Current assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.

Short-term deposits include cash held on deposit either with the COIF Charity Investment Fund or at the bank.

Volunteers

The value of services provided by volunteers is not incorporated into these financial statements.

2.            INCOMING RESOURCES

				2010	2009
		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
		£	£	£	£
2a.	Voluntary Income:
	Planned giving:
	Gift Aided Stewardship	22,957		22,957	22,933
	Other Stewardship	2,254		2,254
	Other Collections at services	5,127	131	5,258	4,127
	Income from St Nicholas Chapel	1,097		1,097	511
	Sundry donations	3,477	220	3,697	4,600
	Donations, appeals, etc.			0	305
	Income tax recoverable	6,721		6,721	7,453
	Grant from Church Institute	13,954		13,954	22,841
		55,587	351	55,938	62,770
2b.	Activities for generating funds
	Church shop income	10,430		10,430	11,340
	Other fundraising	5,617	1,110	6,727	6,488
		16,047	1,110	17,157	17,828
2c.	Income from investments:
	Dividends and interest	2,910		2,910	3,500
	Property Rent	32,831		32,831	31,970
		35,741	0	35,741	35,470
2d.	Church activities:
	Fees	2,512		2,512	1,702
	Lettings of Church, Church House, Church Hall and Coach House	27,303		27,303	24,934
	Magazine sales	783		783	694
	Magazines advertising	1,099		1,099	547
		31,697	0	31,697	27,877
2e.	Other income:
	Insurance claims	875		875	0
	VAT refund	1,804		1,804	0
		2,679	0	2,679	0
TOTAL INCOMING RESOURCES		141,751	1,461	143,212	143,945

3.            RESOURCES EXPENDED

					2010	2009
			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			£	£	£	£
3a.	Fundraising expenses
	Coach House  running costs		2,994		2,994	130
	Other fundraising costs		446	87	533	50
			3,440	87	3,527	180
3b.	Church activities
	Diocesan parish share		47,037		47,037	44,322
	Staff costs
		-  admin staff, organists, choir, caretaker & cleaner	12,893		12,893	14,403
		- locum clergy	962		962	365
	Expenses	- incumbent’s expenses	399		399	515
		- clergy / staff housing costs	2,143		2,143	1,377
		- other staff expenses				69
	Support costs	-  Printing and stationery	836		836	1,630
		-  Office costs	414		414	364
		-  Website	83		83	115
		-  Bank Charges	15		15	24
	Ministry costs		1,755		1,755	107
	Church costs	-  general running expenses	3860		3860	2,261
		-  routine maintenance	570		570	1,609
		-  Worship consumables	494		494	661
		-  Music	1875	1866	3741	1,972
		-  Church utility costs	7159		7159	6,422
	Magazine costs		1260		1260	1,365
	Church House and Church Hall running costs		16089		16,089	18,999
	Other property running costs		5291		5291	387
	Depreciation		380	40	420	467
			103515	1906	105421	97,434
3c.	Governance costs
	Accountancy		1,568		1,568	1,212
3d.	Extra-parochial giving
	Charitable donations		6,000		6,000	2,840
3e.	Major capital expenditure
	Memorial book		171		171	843
	Church repairs		657	160	817	14,188
	St Nicholas Chapel repairs		2,050		2,050	0
	Church House, Coach House & Church Hall repairs		881		881	13,830
	Other property repairs				0	6,900
			3,759	160	3,919	35,761
	TOTAL RESOURCES EXPENDED		118,282	2153	120,435	137,427

4.            STAFF COSTS

During the year the PCC employed a parish office administrator, who did not earn £50,000 p.a. or more.

The music director, relief organists, caretaker and cleaner are self-employed.

5.            FIXED ASSETS FOR USE BY THE PCC

5a.    Tangible fixed assets

	Freehold land and buildings (Endowment)	Piano (Unrestricted)	A Frame (Restricted)	Total
	£	£	£	£
Actual/Deemed cost at 1 January 2010	376,502	4,689	449	381,640
Additions at cost	0	0	0	0
Actual/Deemed cost at 31 December 2010	376,502	4,689	449	381,640
Depreciation
At 1 January 2010	0	892	45	937
Charge for the year	0	380	40	420
	0	1,272	85	1,357
Net Book Value at 31 December 2010	376,502	3,417	364	380,283

          

The freehold land and buildings comprise the following:
	2010	2009
	£	£
1 Churchfields, South Street, Havant	110,000	110,000
2 Churchfields, South Street, Havant	105,000	105,000
Christ Church Bungalow, Rowan Road, Denvilles	82,000	82,000
Christ Church Medical Centre, Rowan Road, Denvilles	79,500	79,500
The Church House, The Pallant	1	1
The Church Hall, The Pallant	1	1
	376,502	376,502

 

5b.       Investments

		Historical Cost	2009 Market Value	Unrealised Gain/(Loss)	2010 Market Value
		£	£	£	£
114.54	COIF Charities Investment Fund	4,472	8,147	940	9,087
710.53	CBF Fixed Interest Securities Fund	1,027	1,099	7	1,106
3,017	CBF Fixed Interest Securities Fund	4,642	4,666	32	4,698
12,143	CBF Fixed Interest Securities Fund	19,000	18,780	129	18,909
2,649	CBF Investment Fund Income Shares	19,000	27,083	1,948	29,031
62.7	CBF Investment Fund Income Shares	720	641	46	687
		48,861	60,416	3,102	63,518

           All investment assets are held in the UK.

6.            ANALYSIS OF NET ASSETS BY FUNDS

	Unrestricted Funds	Designated Funds	Restricted Funds	Endowment Funds	Total
	£	£	£	£	£
Fixed Assets	13,610	0	364	429,827	443,801
Current Assets	60,805	43,672	28,355	0	132,832
Current Liabilities	(14,034)	0		0	(14,034)
Fund balances	60,381	43,672	28,719	429,827	562,599

 

7.            DEBTORS

	2010 £	2009 £
Interregnum costs		4,356
Church Institute		7,875
Other Debtors	1,771	4,900
	1,771	17,131

 

8.            LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR

	2010 £	2009 £
Deferred income	470	488
Other creditors	13,564	8,433
	14,034	8,921

 

9.            MOVEMENT OF FUNDS

 

			B/Fwd	Incoming Resources	Resources Expended	Transfer between funds	Unrealised Gain/ Losses	C/Fwd
			£	£	£	£	£	£
Unrestricted funds:
Undesignated funds
General			43,973	132,278	117,927		947	59,271
Munday Legacy			1,110					1,110
Designated funds								0
Restoration and Redevelopment			34,554	9,473	355			43,672
Total unrestricted funds			79,637	141,751	118,282	0	947	104,053
Restricted funds
	Organ		3,727	1,264	1,953		0	3,038
	Church Lighting & CCTV		7,298		0		0	7,298
	Restoration & Redevelopment		18,386		200		0	18,186
	Youth Club / Sunday Club		0	197			0	197
Total restricted funds			29,411	1,461	2,153	0	0	28,719
Endowment			427,672	0	0	0	2,155	429,827
Total funds			536,720	143,212	120,435	0	3,102	562,599

 

10.       FUND DETAILS

	Unrestricted Funds	Designated Funds	Restricted Funds	Endowment Funds		Total
	£	£	£	£	£
General Fund	59,271				59,271
Munday Legacy	1,110				1,110
Organ Fund			3,038		3,038
Church Lighting Fund			7,298		7,298
Restoration & Redevelopment Fund		43,672	18,186		61,858
Youth Club / Sunday Club			197		197
1 & 2 Churchfields Trust				4,698	4,698
57 South Street Trust				47,940	47,940
Boyd-Richardson Trust				687	687
Freehold Land and Buildings				376,502	376,502
	60,381	43,672	28,719	429,827	562,599

 

           Trusts and Bequest - The following trusts are all permanent endowments which require income to be spent on the general purposes of the parish:

           1 & 2 Churchfields Trust

           57 South Street Trust

           Boyd-Richardson Trust

 

11.       REMUNERATION

           Payments were made to the following PCC members:

           £1,994.59 to William Skilleter for general repairs.

           No other person connected with the PCC has been paid or is payable, remuneration or other benefits from PCC funds.

           No payments or expenses were paid to any member, person connected to them or related partners.

12.       INDEPENDENT EXAMINER’S FEE

           The fee charged in these financial statements in respect of the independent examination thereof amounts to £1,080 (2009 £1,486).