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2023-12-31-accounts

REGISTERED CHARITY NUMBER: 1062301

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CHAFFORD HUNDRED COMMUNITY CHURCH

CHAFFORD HUNDRED COMMUNITY CHURCH

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 DECEMBER 2023

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Cash Flow Statement 7
Notes to the Cash Flow Statement 8
Notes to the Financial Statements 9 to 16
Detailed Statement of Financial Activities 17 to 18

CHAFFORD HUNDRED COMMUNITY CHURCH

REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's objects are the advancement of the Christian religion and education through regular meetings of public worship, study groups, youth groups and by other charitable purposes that from time to time may be determined by the charitable trustees.

CHCC has a clear vision for the areas of Thurrock and Basildon and constantly seeks to fulfil that vision through a combination of social outreach and Christian teaching. The programme of events is far reaching and includes:

Significant activities

  1. Average church attendance for Sunday Worship across all four sites Chafford Hundred, Chadwell St Mary, Basildon and Ockendon, was reduced to 259 in 2023 with a number of persons continuing to join the services via live stream.

  2. Life Groups continued to operate during the year. These groups are managed regionally and have started to form conduits into the community for outreach and evangelism. Life groups operate on a weekly basis where people have the opportunity to explore the Christian Faith in a more intimate environment and to have detailed discussions about the Sermon preached in Church each Sunday.

  3. The social action arm of the church is called 180 Project. In 2023 the project did the following:

  4. The MADE Programme which gives a wide range of educational, practical and emotional support to young people who are disengaging at school.

  5. Supported the Sozo Foundation in Muizenburg, South Africa.

  6. Provided the 'Christians Against Poverty' Course.

  7. Families Support

  8. Vulnerable Migrants Ministry

  9. Uniform Project

  10. Café Connect

  11. Mother and Toddlers Group

  12. Knit and Natter - community knitting group.

  13. During the year the Church used the services of Ellis Whittam a professional Human Resource and Employment Law service to look after all their staffing requirements including staff contracts and employment policies.

Page 1

CHAFFORD HUNDRED COMMUNITY CHURCH

REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2023

FINANCIAL REVIEW

Financial position

Incoming Resources for the financial year 2023 amounted to £535,181 (2022 - £458,353) while resources expended totalled £520,031 (2022 - £471,654). The Net Outgoing resources of the Charity amounted to £15,150 (2022 - deficit of £13,299).

The Balance Sheet shows total funds of £654,648 (2022 - £639,498).

The Financial Statements shows the Charity's financial position at 31/12/23.

The church's breakdown of General Income in the year was:

Voluntary sources - collections
Reclaimed tax including interest
Income from other sources
Interest on accounts		 £
2023
374,576
66,654
89,227
4,724
535,181		 £
2022
352,560
63,226
41,684
883
458,353

CHCC has sound financial and budgetary procedures in place, and day to day transactions are carried out by the Finance Officer supported by the Treasurer and Finance Committee.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is a charity, registered with the Charity Commission on 12 May 1997. The charity was established under a constitution, which includes specific objects and powers.

Recruitment and appointment of new trustees

Trustees are recruited from within the church membership. They are active, reliable members, of reasonably long standing. They are people who clearly demonstrate their understanding and commitment to the vision and values of the church and are deemed to be of good Christian character. Furthermore, they are people who demonstrate a competence commensurate with the fulfilment of the responsibilities of Trustees.

New Trustees are proposed by existing Trustees, in consultation with the Church Leadership. Each Trustee is appointed to a specific role and function of the Board. New Trustees are then invited to attend regular Trustees' meetings with full decision-making power. Trustees are supplied with information from Charities Commission which gives the details and responsibilities of the role of Trustee.

Organisational leadership

Chafford Hundred Community Church is governed by the Trustees in accordance with the governing document. The trustees meet at least 4 times each year. Trustees are guided by the vision presented by Church Eldership and delegate the day to day leadership of the church to the employed staff and to the Site Leadership teams. The Trustee Board is independent from the church Leadership Teams.

Key management remuneration

The remuneration of key management personnel is set by the trustees, taking into account the responsibility of the role, periodic benchmarking and current levels of inflation. Individuals take no part in discussions involving their own remuneration

Page 2

CHAFFORD HUNDRED COMMUNITY CHURCH

REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT Wider network

Chafford Hundred Community Church is an independent church, under the banner of Relational Mission, which is part of the Newfrontiers family of churches. The church cooperates and liaises with a number of other local churches and organisations in Eastern Europe and various parts of Africa.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1062301

Principal address 1st Floor, Unit 2 Lakeside Business Village Fleming Road Chafford Hundred Essex RM16 6EW

Trustees

D Bareham J Morgan S Raj C Coles G Walters T Fawehinmi I Nwaiwu A Adepeju

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ C Coles - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHAFFORD HUNDRED COMMUNITY CHURCH

Independent examiner's report to the trustees of Chafford Hundred Community Church

I report to the charity trustees on my examination of the accounts of Chafford Hundred Community Church (the Trust) for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Maurice Brindley BSc FCA

Date: .............................................

Page 4

CHAFFORD HUNDRED COMMUNITY CHURCH

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 DECEMBER 2023

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
418,425
Investment income
3
15,673
Total
434,098
EXPENDITURE ON
Charitable activities
4
General Fund
267,111
Project Fund
-
Gospel Project
-
Other
153,615
Total
420,726
NET INCOME/(EXPENDITURE)
13,372
Transfers between funds
13
(26,878)
Net movement in funds
(13,506)
RECONCILIATION OF FUNDS
Total funds brought forward
627,203
TOTAL FUNDS CARRIED FORWARD
613,697		 Restricted
funds
£
101,081
2
101,083
-
84,287
8,068
6,950
99,305
1,778
26,878
28,656
12,295
40,951		 31.12.23
31.12.22
Total
Total
funds
funds
£
£
519,506
451,295
15,675
7,060
535,181
458,355
267,111
229,160
84,287
105,232
8,068
5,695
160,565
131,567
520,031
471,654
15,150
(13,299)
-
-
15,150
(13,299)
639,498
652,797
654,648
639,498

The notes form part of these financial statements

Page 5

CHAFFORD HUNDRED COMMUNITY CHURCH

BALANCE SHEET 31 DECEMBER 2023

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
9
5,770
Investment property
10
230,000
235,770
CURRENT ASSETS
Debtors
11
36,081
Cash at bank and in hand
368,665
404,746
CREDITORS
Amounts falling due within one year
12
(26,819)
NET CURRENT ASSETS
377,927
TOTAL ASSETS LESS CURRENT
LIABILITIES
613,697
NET ASSETS
613,697
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
-
40,951
40,951
-
40,951
40,951
40,951		 31.12.23
Total
funds
£
5,770
230,000
235,770
36,081
409,616
445,697
(26,819)
418,878
654,648
654,648
613,697
40,951
654,648		 31.12.22
Total
funds
£
6,789
230,000
236,789
22,446
403,015
425,461
(22,752)
402,709
639,498
639,498
627,203
12,295
639,498

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. D Bareham - Trustee

............................................. C Coles - Trustee

The notes form part of these financial statements

Page 6

CHAFFORD HUNDRED COMMUNITY CHURCH

CASH FLOW STATEMENT for the Year Ended 31 DECEMBER 2023

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 31.12.23
£
1,877
1,877
4,724
4,724
6,601
403,015
409,616		 31.12.22
£
(29,361)
(29,361)
883
883
(28,478)
431,493
403,015

The notes form part of these financial statements

Page 7

CHAFFORD HUNDRED COMMUNITY CHURCH

NOTES TO THE CASH FLOW STATEMENT for the Year Ended 31 DECEMBER 2023

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

OPERATING ACTIVITIES
31.12.23 31.12.22
£ £
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities) 15,150 (13,299)
Adjustments for:
Depreciation charges 1,018 1,198
Interest received (4,724) (883)
Increase in debtors (13,635) (12,082)
Increase/(decrease) in creditors 4,068 (4,295)
Net cash provided by/(used in) operations 1,877 (29,361)

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash At 1.1.23
£		 Cash flow
£		 At 31.12.23
£		 At 31.12.23
£
Cash at bank and in hand 403,015 6,601 409,616
403,015 6,601 409,616
Total 403,015 6,601 409,616

The notes form part of these financial statements

Page 8

CHAFFORD HUNDRED COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements and assessment of going concern

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling (£).

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Critical accounting judgements and key sources of estimation uncertainty

In preparing financial statements it is necessary to make certain judgements, estimated and assumptions that affect the amounts recognised in the financial statements. The following judgements and estimates are considered by the trustees to have most significant effect on amounts recognised in the financial statements.

Useful economic life of tangible fixed assets:

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

Items of music and audio/visual equipment are written off in the year of purchase.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.

Taxation

The charity is exempt from tax on its charitable activities.

Cash at bank and in hand

Cash at bank and in hand includes cash and bank accounts with no withdrawal limits.

Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

continued...

Page 9

CHAFFORD HUNDRED COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023

1. ACCOUNTING POLICIES - continued

Taxation

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

Financial Instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

General offerings and donation
Gift aid
Grants
Miscellaneous
180 Project Including Grants
Youth and Children's Work
Grants received, included in the above, are as follows:
COOP
Family in Need
P & G
Thurrock Grant
Other		 31.12.23
£
374,576
66,654
25,428
21,554
30,756
538
519,506
31.12.23
£
1,483
4,587
-
10,125
9,233
25,428		 31.12.22
£
346,159
63,226
12,327
1,682
27,901
-
451,295
31.12.22
£
1,323
5,004
6,000
-
-
12,327

continued...

Page 10

CHAFFORD HUNDRED COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023

3. INVESTMENT INCOME

INVESTMENT INCOME
31.12.23 31.12.22
£ £
Rents received 10,951 6,177
Deposit account interest 4,724 883
15,675 7,060
4.
CHARITABLE ACTIVITIES COSTS
General Fund
Project Fund
Gospel Project
5.
SUPPORT COSTS
General Fund
Gospel Project
6.
TRUSTEES' REMUNERATION AND BENEFITS
Trustees' salaries
Trustees' social security
Trustees' pensions paid		 Direct
Costs
£
262,558
84,287
7,876
354,721
Finance
£
1,937
192
2,129		 Support
costs (see
note 5)
£
4,553
-
192
4,745
Other
£
2,616
-
2,616
31.12.23
£
39,840
4,243
1,195
45,278		 Totals
£
267,111
84,287
8,068
359,466
Totals
£
4,553
192
4,745
31.12.22
£
38,301
4,253
1,149
43,703

One of the trustees, Mr D. Bareham, was paid a salary during the year for work undertaken on behalf of the charity. None of this salary related to his role as a trustee.

Trustees' expenses

Any expenses paid to trustees are direct reimbursements of costs incurred by them in respect of payments made for charitable activities on behalf of the church.

Key management personnel

The charity considers its key management personnel to comprise the trustees and Elders. Total key management personnel remuneration and benefits for the year are £45,278 (2022: £43,702).

continued...

Page 11

CHAFFORD HUNDRED COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023

7. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Administrative
No employees received emoluments in excess of £60,000.
8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
391,545
Investment income
7,060
Total
398,605
EXPENDITURE ON
Charitable activities
General Fund
229,160
Project Fund
32,104
Gospel Project
-
Other
125,867
Total
387,131
NET INCOME/(EXPENDITURE)
11,474
Transfers between funds
(37,068)
Net movement in funds
(25,594)
RECONCILIATION OF FUNDS
Total funds brought forward
652,797
TOTAL FUNDS CARRIED FORWARD
627,203		 31.12.23
£
233,480
11,628
5,220
250,328
31.12.23
8
Restricted
funds
£
59,750
-
59,750
-
73,128
5,695
5,700
84,523
(24,773)
37,068
12,295
-
12,295		 31.12.22
£
226,402
11,938
5,439
243,779
31.12.22
8
Total
funds
£
451,295
7,060
458,355
229,160
105,232
5,695
131,567
471,654
(13,299)
-
(13,299)
652,797
639,498

continued...

Page 12

CHAFFORD HUNDRED COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023

9. TANGIBLE FIXED ASSETS

COST
At 1 January 2023 and 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for year
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
10.
INVESTMENT PROPERTY
FAIR VALUE
At 1 January 2023
and 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
The investment property was re-valued by Henderson Wood on 5th June 2021.
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
£
Trade debtors
705
Tax Recoverable
34,376
Prepayments
1,000
36,081		 Plant and
machinery
£
18,000
11,211
1,019
12,230
5,770
6,789
£
230,000
230,000
230,000
31.12.22
£
-
17,186
5,260
22,446

continued...

Page 13

CHAFFORD HUNDRED COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23 31.12.22
£ £
Trade creditors 7,226 2,273
Taxation and social security 10,985 1,100
Other creditors 8,608 19,379
26,819 22,752

13. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Project Fund - 10 % Fund
Office Dilapidations
Restricted funds
180 Project - Hardship fund
The Romford Gospel Project
TOTAL FUNDS
Net movement in funds, included in the above are as
Unrestricted funds
General fund
Project Fund - 10 % Fund
Restricted funds
180 Project - Hardship fund
The Romford Gospel Project
TOTAL FUNDS		 At 1.1.23
£
620,727
3,476
3,000
627,203
-
12,295
12,295
639,498
follows:		 Net
movement
in funds
£
40,181
(26,809)
-
13,372
(26,878)
28,656
1,778
15,150
Incoming
resources
£
434,098
-
434,098
57,409
43,674
101,083
535,181		 Transfers
between
At
funds
31.12.23
£
£
(58,815)
602,093
31,937
8,604
-
3,000
(26,878)
613,697
26,878
-
-
40,951
26,878
40,951
-
654,648
Resources
Movement
expended
in funds
£
£
(393,917)
40,181
(26,809)
(26,809)
(420,726)
13,372
(84,287)
(26,878)
(15,018)
28,656
(99,305)
1,778
(520,031)
15,150

continued...

Page 14

CHAFFORD HUNDRED COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement
At 1.1.22
in funds
£
£
Unrestricted funds
General fund
648,029
43,577
Project Fund - 10 % Fund
4,768
(32,103)
Office Dilapidations
-
-
652,797
11,474
Restricted funds
180 Project - Hardship fund
-
(29,318)
The Romford Gospel Project
-
4,545
-
(24,773)
TOTAL FUNDS
652,797
(13,299)
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
398,604
Project Fund - 10 % Fund
1
398,605
Restricted funds
180 Project - Hardship fund
43,810
The Romford Gospel Project
15,940
59,750
TOTAL FUNDS
458,355		 Transfers
between
At
funds
31.12.22
£
£
(70,879)
620,727
30,811
3,476
3,000
3,000
(37,068)
627,203
29,318
-
7,750
12,295
37,068
12,295
-
639,498
Resources
Movement
expended
in funds
£
£
(355,027)
43,577
(32,104)
(32,103)
(387,131)
11,474
(73,128)
(29,318)
(11,395)
4,545
(84,523)
(24,773)
(471,654)
(13,299)

continued...

Page 15

CHAFFORD HUNDRED COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Project Fund - 10 % Fund
Office Dilapidations
Restricted funds
180 Project - Hardship fund
The Romford Gospel Project
TOTAL FUNDS		 At 1.1.22
£
648,029
4,768
-
652,797
-
-
-
652,797		 Net
movement
in funds
£
83,758
(58,912)
-
24,846
(56,196)
33,201
(22,995)
1,851		 Transfers
between
funds
£
(129,694)
62,748
3,000
(63,946)
56,196
7,750
63,946
-		 At
31.12.23
£
602,093
8,604
3,000
613,697
-
40,951
40,951
654,648

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Project Fund - 10 % Fund
Restricted funds
180 Project - Hardship fund
The Romford Gospel Project
TOTAL FUNDS		 Incoming
resources
£
832,702
1
832,703
101,219
59,614
160,833
993,536		 Resources
Movement
expended
in funds
£
£
(748,944)
83,758
(58,913)
(58,912)
(807,857)
24,846
(157,415)
(56,196)
(26,413)
33,201
(183,828)
(22,995)
(991,685)
1,851

14. RELATED PARTY DISCLOSURES

The total donations gifted by trustees and related parties for the year 2023 was £28,150.

Page 16

CHAFFORD HUNDRED COMMUNITY CHURCH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 DECEMBER 2023

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 DECEMBER 2023
31.12.23 31.12.22
£ £
INCOME AND ENDOWMENTS
Donations and legacies
General offerings and donation 374,576 346,159
Gift aid 66,654 63,226
Grants 25,428 12,327
Miscellaneous 21,554 1,682
180 Project Including Grants 30,756 27,901
Youth and Children's Work 538 -
Investment income 519,506 451,295
Rents received 10,951 6,177
Deposit account interest 4,724 883
15,675 7,060
Total incoming resources 535,181 458,355
EXPENDITURE
Charitable activities
Trustees' salaries 39,840 38,301
Trustees' social security 4,243 4,253
Trustees' pensions paid 1,195 1,149
Wages 193,640 188,101
Social security 7,385 7,685
Pensions 5,220 5,439
Youth Work 14,602 2,092
Other 180 Project Costs 12,721 11,443
Donations 49,900 53,323
Children's Work 1,409 1,622
Pastoring 8,583 11,066
Office Costs 1,096 -
Licences/Subscriptions 7,566 438
Staff development and training 4,321 4,030
Teaching materials - 586
Church Planting 3,000 6,000
354,721 335,528
Other
Rent 57,653 58,889
Equipment 7,113 4,014
Office Costs 42,679 43,774
Refreshments 3,872 2,654
Stationery and Postage 428 338
Miscellaneous 38,216 6,736
Carried forward 149,961 116,405

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CHAFFORD HUNDRED COMMUNITY CHURCH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 DECEMBER 2023

for the Year Ended 31 DECEMBER 2023
31.12.23 31.12.22
£ £
Other
Brought forward 149,961 116,405
Training 1,453 4,698
Computer Costs 5,072 5,789
Insurance 3,061 3,477
Plant and machiney depreciation 1,018 1,198
Support costs 160,565 131,567
Finance
Bank charges 2,129 1,943
Other
Accountancy 2,616 2,616
Total resources expended 520,031 471,654
Net income/(expenditure) 15,150 (13,299)

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