CHRIST CHURCH HAYWARDS HEATH
Report and Accounts year ended 31 December 2021
## **CHRIST CHURCH HAYWARDS HEATH**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **COMPANY INFORMATION**
**Directors/Trustees** A Billinghay (resigned 9th February 2021) S Collington S Holloway N Jones (resigned 30th June 2022) S Mills G Nicholls S Nicholls N Severs M Ventham **Company Secretary** S Mills **Church Elders** S Holloway N Jones G Nicholls S Nicholls N Severs M Ventham **Governing Document** Memorandum and Articles of Association dated 5 May 2022 **Company Registration Number** 6459931 **Charity Registration Number** 1122949 **Registered Office** Christ Church New England Road Haywards Heath West Sussex RH16 3LE. **Independent Examiner** Archie McDowall, BA CA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB **Bankers** HSBC Bank plc
## **CONTENTS**
||Page|
|---|---|
|Company Information|1|
|Directors Report|2-9|
|Independent Examiner'sReport|10|
|Statement of Financial Activities|11|
|Balance Sheet|12|
|Notes to the Accounts|13-20|
|Detailed Statement of Financial Activities|21|
Page 1
## **CHRIST CHURCH HAYWARDS HEATH Directors Report FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1 STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, The Memorandum and Articles of Association (MEMARTS), and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Organisation and Management**
The charity is the legal entity managing the assets of the church organisation known as Christ Church Haywards Heath. The overall responsibility for the activities of the Church rest with the church elders who are also Trustees of the charity. The trustees will as far as possible, conduct the business of the Charity in accordance with the decisions taken by the Church and in accordance with the decision‐making process outlined in the Church’s Handbook whilst complying with all company and charity law requirements.
## **Recruitment and appointment of new trustees**
Once appointed at an AGM, the term of office of a trustee shall continue until he/she retires or is removed in accordance with the relevant provisions of the articles.
No person may be appointed as a trustee unless he is recommended by the Elders of the Church except at any time when there are fewer than two Elders of the Church or none; unless he/she has attained the age of 18 years; in circumstances such that, had he/she already been a trustee, he/she would have been disqualified; unless he/she subscribes to the Statement of Beliefs set out in the schedule to the memorandum; unless his/her personal lifestyle conduct and practice is consistent with the practice of the Statement of Beliefs and traditional biblical Christian standards of behaviour as set out by the trustees in their Code of Practice issued from time to time; unless he/she is a member of Christ Church Haywards Heath; and unless he is an Elder of the Church or is approved by the Church to be appointed a trustee in place of an Elder
Employment by the Charity is restricted to evangelical Christians being those who shall have first signed the Statement of Beliefs and whose personal lifestyle conduct and practice is consistent with the practice of the Statement of Beliefs and traditional biblical Christian standards of behaviour as set out by the trustees in their Code of Practice issued from time to time and who shall have first signed the said Code of Practice at the commencement of their employment
Page 2
## **CHRIST CHURCH HAYWARDS HEATH Directors Report FOR THE YEAR ENDED 31 DECEMBER 2021**
## **2 OBJECTIVES AND ACTIVITIES**
## **Objectives**
The Charity's objects are fully detailed in the MEMARTS but in summary they are:
(1) to advance and practise the Christian faith in accordance with the Statement of Beliefs in Haywards Heath and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit; and
(2) such other charitable purposes as shall, in the opinion of the trustees, put into practice the Christian faith in accordance with the Statement of Beliefs, including but not limited to: the relief of sickness, distress and financial hardship and the promotion and preservation of good health by the provision of funds, goods or services of any kind, including through the provision of counselling, education and support and by the promotion of spiritual and physical well‐being in the said location and in such other parts of the United Kingdom or the world as the trustees from time to time may think fit.
## **Activities**
The principal activities of the Charity are
(1) to run a local Church in line with the teaching of Jesus Christ as recorded in the Bible, the membership of which is open to all Christians who subscribe to the statement of faith
(2) to provide support and pastoral care for Church members
(3) to run clubs and activities across a variety of age ranges that are open to the wider community, and which seek to share the teaching of Jesus Christ
(4) to support a number of missionaries and organisations seeking to promote the Christian faith in the UK and overseas
(5) to provide community‐based activities and support, particularly to those in the community who may be in need due to isolation, poverty, or vulnerability.
## **Statement of Beliefs**
## **(1) God**
There is one God, who exists eternally in three distinct but equal persons: the Father, the Son, and the Holy Spirit. God is unchangeable in his holiness, justice, wisdom, and love. He is the almighty Creator, Saviour, and Judge, who sustains and governs all things according to his sovereign will for his own glory.
## **(2) The Bible**
God has revealed himself in the Bible, which consists of the Old and New Testaments alone. Every word was inspired by God through human authors, so that the Bible as originally given is in its entirety the Word of God, without error and fully reliable in fact and doctrine. The Bible alone is the complete, final, sufficient, and authoritative revelation of God’s will for mankind and for the belief and conduct of the Church and of the individual believer.
Page 3
## **CHRIST CHURCH HAYWARDS HEATH Directors Report FOR THE YEAR ENDED 31 DECEMBER 2021**
## **(3) The Human Race**
All men and women, being created male and female in the image of God, have inherent and equal dignity and worth. Their greatest purpose is to obey, worship and love God. As a result of the fall of our first parents, every aspect of human nature has been corrupted and all men and women are without spiritual life, guilty sinners and hostile to God. Every person is therefore under the just condemnation of God and needs to be born again, forgiven and reconciled to God in order to know and please him.
## **(4) The Lord Jesus Christ**
The Lord Jesus Christ is fully God and fully man. He was conceived by the Holy Spirit, born of a virgin, and lived a sinless life in obedience to the Father. He taught with authority and all his words are trustworthy. On the cross he died in the place of sinners, bearing God’s punishment for their sin, redeeming them by his blood. He rose from the dead and in his resurrection body ascended into heaven, where he is exalted as Lord of all. He intercedes for his people in the presence of the Father.
## **(5) Salvation**
Salvation is entirely a work of God’s grace and cannot be earned or deserved. God in love chose his people before the world began so that they might be conformed to the image of his Son and receive all the blessings of eternal life. Salvation has been accomplished by the Lord Jesus Christ and is offered to all in the gospel. Those whom the Father chose are given new life through the Spirit, who convicts them of their sin and grants repentance and faith. All who repent of their sins and who believe in Christ are forgiven, justified by faith alone, adopted into the family of God, sanctified, and finally glorified in heaven.
## **(6) The Holy Spirit**
The Holy Spirit has been sent from heaven to glorify the Lord Jesus Christ. He applies Christ’s work of salvation to sinners as he imparts spiritual life and gives a true understanding of the Scriptures. He lives in all believers, bringing assurance of salvation and producing increasing likeness to Christ. It is by his Spirit that Christ builds and sanctifies his Church, equipping and empowering its members to serve him.
## **(7) The Church**
The universal Church is the body of which Christ is the head and to which all who are saved belong. It is made visible in local churches, which are congregations of believers who are committed to each other for the teaching of the Word, for fellowship, for the Lord’s Supper and for prayer. To local churches is committed the defence and proclamation of the gospel, the recognition and use of Christ’s gifts, and the care and discipline of the people of God. The unity of the body of Christ is expressed within and between local churches by mutual love, respect, care and encouragement.
## **(8) Baptism and the Lord’s Supper**
Baptism and the Lord’s Supper have been given by Christ as visible signs of the gospel. Baptism is a sign of union with Christ and of entry into his Church. It does not impart spiritual life or wash away sin but symbolises the cleansing that is received by faith alone. The Lord’s Supper is a commemoration of Christ’s sacrifice offered once for all and a sign of continued union with him and with his Church. Its benefits are received by faith.
Page 4
## **CHRIST CHURCH HAYWARDS HEATH Directors Report FOR THE YEAR ENDED 31 DECEMBER 2021**
## **(9) The Future**
The Lord Jesus Christ will return in glory. He will raise the dead and judge the world in righteousness. The wicked will be sent to eternal punishment and the righteous will be welcomed into a life of eternal joy in fellowship with God. God will make all things new and will be glorified forever.
## **(10) Marriage**
Sexual intimacy is a gift from God and is to be enjoyed exclusively within the context of marriage. Marriage is, by definition, heterosexual and between one man and one woman. Marriage ultimately serves as a type of the union between Christ and his Church.
Page 5
## **CHRIST CHURCH HAYWARDS HEATH Directors Report FOR THE YEAR ENDED 31 DECEMBER 2021**
## **3 ACHIEVEMENT AND PERFORMANCE**
Many aspects of Church life began to return to some degree of normality into 2021. We are grateful to our staff, technical volunteers, and musicians for continuing to make the on‐line services available alongside the in‐person gatherings.
The membership continued to grow during 2021 with people moving to Haywards Heath from across the country and indeed the world! We have a truly cosmopolitan church family! We also saw the work of the Holy Spirit as young people came to faith and expressed their faith in baptism. Community activities expanded in 2021 as we set up Christ Church Grace Advocacy (under the Grace Advocacy umbrella, a registered UK charity 1143175). The team were able to help and advocate for a number of people both from the local community and some church members. We see the need for this ministry growing in the coming year.
## **4 FINANCIAL REVIEW**
2021 saw a decrease of £28,000 in overall income following the generosity of members during the first year of the Covid pandemic which resulted in 2020 income being some £50,000 above 2019 levels. However, the core giving by the church family (excluding legacies) was sustained in 2021 at the same level as 2020 for which we are truly thankful to God as it has enabled us to continue our ministry activities including support for overseas missions.
We were also delighted to enter into a partnership with Word Partners to fund the training of a pastor from Bacolod to set up a strategic gospel partnership in the Philippines.
Our expenditure also increased as expected following reduced activities due to the Covid pandemic lockdowns in 2020. Expenditure was up £28,000 in total although a proportion of this related to the salary incurred as part of the overseas ministry training project.
Overall, this resulted in a deficit of just under £11,000. We expect to see a continued trend where expenditure exceeds income in the coming year or two reflecting reduced giving as a few long‐ standing members have left either to be with the Lord or to move to new areas. We continue to trust in the Lord for his provision and have seen this already in the form of notification of a significant legacy that we expect to receive over the coming 12 months.
At 31 December 2021 our cash reserves, excluding legacies received being held for strategic projects, were around £94,000 (2020: c£113,000) which is within our target of 3‐6 months of current annual expenditure.
## **5 RELATED PARTIES**
One of the trustees is a trustee for Mayflower Playgroup which operates a playgroup using the Church premises and pays rent to the Church. The spouse of another Trustee is employed by Mayflower Playgroup.
One of the trustees is also a Trustee of the Sussex Gospel Partnership which received a donation from Christ Church, and which has paid rent to the Church for use of the Church building.
Page 6
## **CHRIST CHURCH HAYWARDS HEATH Directors Report FOR THE YEAR ENDED 31 DECEMBER 2021**
## **6 RISK MANAGEMENT**
Over this period the Trustees have considered the risks to which the charity is exposed and believe they have put appropriate controls in place to provide reasonable assurance against fraud, loss, and error. In particular
- Insurances are in place to cover theft, damage, and third‐party liabilities
- Training for staff and volunteers such as child and vulnerable adult protection, health and safety,
- food hygiene and first aid to ensure safe working conditions and the safety of the public using the facilities of the church building.
- There is a financial plan which is regularly discussed and agreed by the Trustees. In addition,
- significant expenditure outside the budget (typically, over £5,000) will be discussed and agreed separately by the church members or finance team.
- There is regular review by all trustees against aims and objectives ensuring strategic direction is
- followed.
## **7 RESERVES POLICY**
The trustees have adopted a formal Reserves Policy. In summary this policy requires the Trustees to seek to hold reserves sufficient to cover
1. Designated reserves ‐ Investment in land and property strategic to the Church’s activities and income
2. Specific reserves – reserves that may be needed from time to time to fund specific large expenditure
3. General reserves – reserves held against day‐to‐day operational risks, in particular to provide a period of 12‐18 months for the Trustees to seek to replace a material loss of income before a significant rationalisation plan would need to be implemented. General reserves would normally be expected to cover around 3‐6 months of regular underlying expenditure for this purpose.
The Church's reserves are currently within the target range set by the Trustees in accordance with the reserves policy.
## **8 PRINCIPAL FUNDING SOURCES**
The principal funding sources are:
- Regular giving from the church members and other visitors to the church
- Rental income
- From the house adjacent to the church building (49 New England Road)
- From Mayflower Playgroup use of the church building.
- Occasional donations from other churches, charities, or local authorities
- Fees charged to cover the costs of major activities such as children's camps
## **9 PUBLIC BENEFIT**
The trustees have complied with the duty in section 4 of the 2006 Charities Act to have due regard to guidance published by the Charity Commission in respect of public benefit.
## **10 POST BALANCE SHEET EVENTS**
None
Page 7
## **CHRIST CHURCH HAYWARDS HEATH Directors Report**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **11 CONCLUSIONS**
Church life was impacted again in 2021 with the ongoing Covid 19 pandemic. We were grateful though as the year went on to be able to meet up more, as well as continue to provide online services for those who preferred to minimise social contact. We were also encouraged to set up new outreach ministries supporting people in the community who need help to stabilise complicated lives and also a befriending service to tenants of a property rented to disadvantaged adults. Our various children and families' ministries, ministries to internationals and also to seniors in our community are now running a full schedule again and it has been a delight to continue to serve old friends as well as new ones.
We recognise too, that for many the period of the Covid pandemic has had a significant impact and we are looking at how we ensure our care for one another reflects the contemporary challenges we face. Our verse for the year from 2 Corinthians chapter 1 urges us to focus on using the comfort we have received in our troubles to comfort others in their troubles. We remain more grateful than ever for the steadfast promises of God that are secured for us by His son Jesus Christ. If you want to find out more about what we believe and why we have such confidence in our hope then we welcome all to our Sunday services and you can get in touch with us through our website at www.cchh.org.uk.
_Stuart Holloway, On behalf of the Elders and Trustees, 20th September 2022_
Page 8
## **CHRIST CHURCH HAYWARDS HEATH Directors Statement of responsibilities FOR THE YEAR ENDED 31 DECEMBER 2021**
The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
1. select suitable accounting policies and apply them consistently;
2. observe the methods and principles in the Charities SORP;
3. make judgements and estimates that are reasonable and prudent;
4. state whether the applicable accounting standards have been followed, subject to any
5. prepare the financial statements on a going concern basis unless it is inappropriate to
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 9
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **CHRIST CHURCH HAYWARDS HEATH**
## **('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021 on pages 10 to 16 following, which have been prepared on the basis of the accounting policies set out on page 12.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner’s statement**
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I 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 matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
Archie McDowall, BA CA 22nd September 2022 Institute of the Chartered Accountants of Scotland
For and on behalf of: Stewardship 1 Lamb's Passage London
Page 10
## **CHRIST CHURCH HAYWARDS HEATH**
## **Statement of Financial Activities**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **Summary Income and Expenditure Account**
|**Note**
**Income and endowments from:**
Donations and legacies
Investments
2a
2b
Charitable activities
2c
**Total Income and endowments**
**Expenditure on**
Charitable activities
3
**Total expenditure**
**Net income/(expenditure)**
Transfers between funds
12
Fund balances at 1 January
**Fund balances at 31 December**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**2021**
**2020**
**£**
**£**
**£**
**£**
221,843
24,721
14,678
-
236,521
-
24,721
264,730
-
17,213
19,696
-
19,696
27,150|
|---|---|
||**266,260**
**14,678**
**280,938**
**309,093**
251,069
40,713
291,782
265,029|
||**251,069**
**40,713**
**291,782**
**265,029**|
||**15,191**
**(26,035)**
**(10,844)**
**44,064**
(16,884)
16,884
-
-
1,210,828
22,756
1,233,584
1,189,520|
||**1,209,135**
**13,605**
**1,222,740**
**1,233,584**|
Movements on reserves and all recognised gains and losses are shown
above. The notes on page 13-23 form part of these accounts.
Page 11
## **CHRIST CHURCH HAYWARDS HEATH**
## **BALANCE SHEET**
## **AS AT 31 DECEMBER 2021**
|**Note**
**FIXED ASSETS**
Tangible assets
6
Investments
7
**CURRENT ASSETS**
Debtors
8
Cash at bank
9
**CURRENT LIABILITIES**
Liabilities falling due within one year
10
**Net Current Assets**
Liabilities falling due after one year
11
**NET ASSETS**
**FUND BALANCES**
Unrestricted funds
12
General Funds
Designated funds
Restricted Funds
12|
**Unrestricted**
**Restricted**
**TOTAL**
**TOTAL**
**Funds**
**Funds**
**2021**
**2020**
**£**
**£**
**£**
**£**
775,409
-
775,409
796,366
300,000
-
300,000
300,000|
|---|---|
||**1,075,409**
**-**
**1,075,409**
**1,096,366**
5,779
14,150
19,929
5,372
148,508
13,770
162,278
135,753|
||**154,287**
**27,920**
**182,207**
**141,125**|
||20,561
14,315
34,876
3,907|
||**133,726**
**13,605**
**147,331**
**137,218**|
||-
-
-
-|
||**1,209,135**
**13,605**
**1,222,740**
**1,233,584**|
||133,726
-
133,726
114,462
1,075,409
-
1,075,409
1,096,366
-
13,605
13,605
22,756|
||**1,209,135**
**13,605**
**1,222,740**
**1,233,584**|
||-|
_For the year ended 31 December 2021, the company was entitled to the exemption from audit under Section 477 of the Companies Act 2006 relating to small companies._
_Responsibilities of directors/trustees:_
- _a. The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act - however, in accordance with Section 145 of the Charities Act 2011 the accounts have been examined by an independent examiner whose report forms part of this document._
- _b. The directors/trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts._
_These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime._
Approved by the Directors and signed on their behalf on the 20th September 2022 by:
Stuart Holloway **Trustee** Company number: 6459931 Charity number:
1122949
The notes on page 13-23 form part of these accounts.
Page 12
## **CHRIST CHURCH HAYWARDS HEATH**
## **Notes to the Accounts**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1a Statutory Information**
The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.
## **1b Accounting Policies**
These financial statements are prepared on a going concern basis, under the historical cost convention.
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The principles adopted in the preparation of the financial statements are set out below.
- a)
## Going concern
The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
- b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations includes:
- i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
- ii) The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as
- iii) Legacies. Income from legacies is recognised when a distribution is received from the estate or, if earlier, when the charity has been notified that a distribution will be made and the amount
Investment income represents income generated by the charity's assets and includes income from letting the charity's property and bank interest.
c) Expenditure
Page 13
## **CHRIST CHURCH HAYWARDS HEATH**
## **Notes to the Accounts**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
## d) Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
## e)
## Tangible fixed assets
Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight-line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:
Freehold land Is not depreciated (because it is not consumed by use) Freehold buildings Over 50 years after taking account of the building's residual value Leasehold improvements Over the lease term or, if shorter, expected useful life Equipment Over 3 to 7 years
The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.
## f) Investments
Fixed asset investments are held to generate income and / or for their investment potential. Current asset investments are investments that are held specifically for sale or are investments that the charity expects to sell by the next balance sheet date. Investments are valued as follows:
- i) Investment property is valued at its market value (fair value) at the balance sheet date.
## g) Pension scheme arrangements
- The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
## h) Taxation
- The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
## i) Financial instruments
Page 14
## **CHRIST CHURCH HAYWARDS HEATH**
## **Notes to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2021**
The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year-end (i.e., the liabilities exclude any interest chargeable on the loans in future years).
## j) Foreign currency translation
These financial statements are presented in sterling, which is the charity's functional currency.
- i) Income and expenditure denominated in a foreign currency is translated into sterling at the exchange rate prevailing on the date of the transaction.
- ii) Monetary assets and liabilities denominated in a foreign currency are re-translated at the exchange rate prevailing at the balance sheet date.
- iii) Non-monetary assets are measured at historic cost at the rate of exchange prevailing on the date of the transaction and are not subsequently re-translated.
All differences arising from the application of the above policy are charged (or credited) to the
## k) Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not
- l) Critical accounting estimates and areas of judgement The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
Page 15
## **CHRIST CHURCH HAYWARDS HEATH**
## **Notes to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2021**
|**2a Donations and legacies**
General donations
Grants received
Legacies
Government grants (Job Retention Scheme)
Tax recoverable
**2b**
**Income from Investments**
Interest Received
Rental Income
**2c**
**Income from Charitable activities**
Income from Children's activities and camps
Other income|**Total**
**Total**
**2021**
**2020**
166,435
197,139
11,218
27,095
30,000
0
1,783
31,773
35,808|
|---|---|
||236,521
264,730|
||6
55
24,715
17,158|
||24,721
17,213|
||6,712
10,898
12,984
16,252|
||19,696
27,150|
Page 16
## **CHRIST CHURCH HAYWARDS HEATH**
## **Notes to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2021**
## **3 Expenditure on charitable activities**
|**Notes to the Accounts**
**FOR THE YEAR ENDED 31 DECEMBER 2021**
**3**
**Expenditure on charitable activities**||
|---|---|
|**a**
**Direct Charitable Costs**
Employment costs - ministry staff
Note 5
Accommodation costs
Note 5
Church premises costs (incl depreciation)
Other ministry costs
Outreach
Youth and children's groups including camps
Grants payable
Note 4
Welfare payments
Other charitable costs
**b**
**Support & Administration**
Employment costs - administrative staff
Note 5
Church office costs
Investment Property Costs
Subscriptions
Computer & PA expenses
Loan interest
Bank fees
Professional Fees
Accounts and examination
Other costs
**Total expenditure on charitable activities**
**4**
**Grants**
Missionary support - institutions
Missionary support - individuals|**Total**
**2021**
**£**
**Total**
**2020**
**£**
94,967
76,711
42,367
41,790
43,457
36,261
26,420
8,839
2,827
5,807
8,097
12,108
15,882
22,540
1,855
-
-
-|
||235,872
204,056|
||32,690
36,442
5,789
4,810
2,118
3,966
3,769
3,167
5,263
5,403
0
-
148
219
3,054
3,420
1,700
1,690
1,379
1,856|
||55,910
60,973|
|||
||291,782
265,029|
||**Total**
**Total**
**2021**
**£**
4,762
**2020**
**£**
5,012
11,120
17,527|
||15,882
22,539|
The Church supports missionaries in the UK and internationally. Where a particular missionary has been supported by the church for a number of years, strict compliance with the Charities' Statement of Recommended Practice (SORP) may regard some arrangements as constituting constructive obligations such that future years' support is accounted for in these accounts as a liability. Whilst the support has no final end date in some cases, the church officers assess missionary funding on an annual basis and are confident that the missionaries would not view their support as an open-ended obligation by the church.
A charity of which Mr M Ventham is also a Trustee received a £1,000 grant from Christ Church Haywards Heath during 2021 (2020: £1,025).
|Grants of more than £1,000 paid to institutions were:|**Unrestricted**|**Restricted**|**Total**|**Total**|
|---|---|---|---|---|
||**Funds**|**Funds**|**2021**|**2020**|
||||**£**|**£**|
|Saltworkz|-|-|-|2,462|
|4H|1,051||1,051|1,550|
|Sussex Gospel Partnership|1,000|-|1,000|1,025|
|Grace Advocacy|-|1,800|1,800|-|
|Eldoret Baptist Church|-|2,660|2,660|1,004|
|Operation Mobilisation|-|-|-|6,138|
Page 17
**CHRIST CHURCH HAYWARDS HEATH**
## **Notes to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2021**
## **5 Staff, Trustees, and key management personnel**
|**stees, and key management personnel**||
|---|---|
|Gross wages, salaries & benefits in kind
Employer's National Insurance costs
Total staff costs|**2021**
**2020**
**£**
**£**
125,916
111,149
1,741
2,004|
||127,657
113,153|
The charity has 5 full time equivalent employed staff (2020: 5). Its activities are generally carried out by volunteers.
The Trustees and Company Secretary are regarded as key management personnel.
Mr G Nicholls received a salary of £17,307 (£17,151 in 2020) in his role as church pastor, and not as Trustee. He also received £3,996 employer's pension contributions (£3,936 for 2020) and £449 (£863 in 2020) for reimbursed expenses in his role as church pastor. He was also paid £21,221 (£20,802 in 2020) for accommodation related costs in making his home available as a manse. These payments are permitted in our governing document.
Mr M Ventham was paid £17,307 (£17,151 for 2020) in his role as church pastor, and not in his capacity as Trustee. He also received £3,983 employer's pension contributions (£3,936 for 2020) and reimbursed expenses of £394 (£503 in 2020) in his role as church pastor. He was also paid £21,146 (£20,988 in 2020) for accommodation related costs in making his home available as a manse. These payments are permitted in our governing document.
No staff received salaries at a rate of more than £60,000 per annum.
No other remuneration was paid to any trustee or the Company Secretary during the year nor to any person connected to them.
The total donations made by Trustees and connected persons during 2021 were £16,581 (£23,580 in 2020).
No fees were paid to Stewardship during 2021 or 2020 other than for the independent examination of the accounts
## **6 Tangible Fixed Assets**
|Cost
At 1 January 2021
Additions
At 31 December 2021
Accumulated Depreciation
At 1 January 2021
Net book
At 31 December 2021
At 1 January 2021
Charge for the year
At 31 December 2021
value||**Furniture,**
**fixtures &**
**Freehold -**
**Church**
**fittings**
**property**
**£**
**£**
50,854
1,047,850
-
-
50,854
1,047,850
50,854
251,484
-
775,409
-
796,366
-
20,957
50,854
272,441|**Total**
**2021**
**£**
1,098,704
-
1,098,704
302,338
775,409
796,366
20,957
323,295|
|---|---|---|---|
|||||
|||||
|||||
The building known as Christ Church Haywards Heath was transferred from the Fellowship of Independent Evangelical Churches on 13 July 2009 and is included in the accounts at its insurance valuation of £629,520 (in July 2009), plus additions since that date.
## **7 Investments**
|**Investments**||
|---|---|
|Investments at market value:
At 1 January 2021
Revaluation
At 31 December 2021
Historical cost of investment.|**2021**
**£**
**2020**
**£**
300,000
300,000
-
-|
||300,000
300,000|
||248,000
248,000|
The above investment is a freehold residential property at 49 New England Road. The property has been professionally valued and is included in the accounts at valuation in 2017 less estimated sales costs.
Page 18
## **CHRIST CHURCH HAYWARDS HEATH**
## **Notes to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2021**
|**Notes to the Accounts**
**FOR THE YEAR ENDED 31 DECEMBER 2021**||
|---|---|
|**8**
**Debtors and Prepayments**
Tax recoverable (Gift Aid)
Prepayments
Deferred grants receivable
Other debtors
**9**
**Cash at Bank and in Hand**
Bank operating accounts
Bank deposits
Petty cash
**10 Creditors: liabilities falling due within one year**
Other creditors
PAYE and national insurance
Provision for committed costs
Accruals|**Total**
**Total**
**2021**
**2020**
**£**
**£**
4,548
5,372
1,216
7,438
0
6,727
-|
||19,929
5,372|
||105,561
79,017
56,593
56,587
124
149|
||162,278
135,753|
||7,002
453
1,501
1,904
13,800
0
12,573
1,550|
||34,876
3,907|
**11 Liabilities falling due after one year**
None
Page 19
## **CHRIST CHURCH HAYWARDS HEATH**
## **Notes to the Accounts FOR THE YEAR ENDED 31 DECEMBER 2021**
## **12 Funds**
The restricted funds represent amounts received for specific purposes and the movements in the year are as follows:
|Welfare fund
Community Fund
Overseas Ministry Training Fund
Mission Gift day fund|**Opening**
**Incoming**
**Outgoing**
**Transfers**
**Closing**
**balance**
**resources**
**resources**
**in the year**
**balance**
**£**
**£**
**£**
**£**
**£**
10,980
500
(1,855)
-
9,625
5,780
-
(1,800)
-
3,980
5,996
11,218
(34,098)
16,884
-
0
2,960
(2,960)
-|
|---|---|
||22,756
14,678
(40,713)
16,884
13,605|
Welfare fund This fund is for providing welfare related payments to Church members facing financial hardship. Community Fund This fund is for providing help and assistance in the local community and befriending those in need. Overseas Ministry Training fund This fund is to provide support for a missionary to be trained by Christ Church. During the year £17,884 was transferred to this fund from the unrestricted funds to cover future expected costs.
The assets and liabilities represented by the various funds are as follows:
|Restricted funds
Welfare fund
Community Fund
Overseas Ministry Training Fund
Unrestricted funds
General funds
Designated buildings fund|**Fixed**
**Bank & cash**
**Other net**
**Total**
**assets**
**balances**
**assets**
**£**
**£**
**£**
**£**
-
9,625
-
9,625
-
3,980
-
3,980
-
165
(165)
-
148,508
(14,782)
133,726
1,075,409
-
-
1,075,409|
|---|---|
||1,075,409
162,278
(14,947)
1,222,740|
An unrestricted fund has been designated reflecting the value of the church's investment in the church and residential property. The assets and liabilities represented by the various funds in 2020 were
|Restricted funds
Nigel Archer Legacy Fund
Unrestricted funds
General funds
Designated buildings fund|**Fixed**
**Bank & cash**
**Other net**
**Total**
**assets**
**balances**
**assets**
**£**
**£**
**£**
**£**
-
2,001
-
2,001
-
75,349
(5,153)
70,196
1,117,323
-
-
1,117,323|
|---|---|
||1,117,323
77,350
(5,152)
1,189,520|
## **13 Related Party Transactions**
None
## **14 Events since the year end**
None
## **15 Members**
Each member of the company commits to contribute an amount of £10 if the charity is wound up.
Page 20
## **CHRIST CHURCH HAYWARDS HEATH**
## **Detailed Statement of Financial Activities with Comparatives**
## **FOR THE YEAR ENDED 31 DECEMBER 2021**
|Note
**INCOME AND ENDOWMENTS FR**
Donations and legacies
**M**
2
Investments
_Charitable activities_
Total income and endowments
**EXPENDITURE ON**
Charitable activities
3
Raising funds
4
Total expenditure
Net gains/(losses) on investments
**Net income/(expenditure)**
Transfers between funds
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted Funds - General**
**Restricted Funds**
**Total**
**Funds**
**Total**
**Funds**
**2021**
**2020**
**2021**
**2020**
**2021**
**2020**
**£**
**£**
**£**
**£**
**£**
**£**
221,843
233,507
14,678
31,223
236,521
264,730
24,721
17,213
-
-
24,721
17,213
19,696
27,150
-
-
19,696
27,150|
|---|---|
||266,260
277,870
14,678
31,223
280,938
309,093
251,069
254,561
40,713
10,468
291,782
265,029
-
-
-
-
-
-|
||251,069
254,561
40,713
10,468
291,782
265,029
-
-
-
-
-
-|
||15,191
23,309
(26,035)
20,755
(10,844)
44,064
(16,884)
-
16,884
-
-
-|
||(1,693)
23,309
(9,151)
20,755
(10,844)
44,064|
||(1,693)
23,309
(9,151)
20,755
(10,844)
44,064|
||1,210,828
1,187,519
22,756
2,001
1,233,584
1,189,520|
||1,209,135
1,210,828
13,605
22,756
1,222,740
1,233,584|
Movements on reserves and all recognised gains and losses are shown above.
Page 21