The Parochial Church Council of the Ecclesiastical Parish of Christ Church Sidcup
Registered Charity No. 1127351
Christ Church Sidcup PCC Annual Report
and
Financial Statements
For the year ended 31 December 2023
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Independent examiner: Ms Emilie Radley Ayrles Barn, Elton Lane, Newnhan on Severn Gloucestershire GL14 1JJ
The Parochial Church Council of the Ecclesiastical Parish of
Christ Church Sidcup
Christ Church, Sidcup PCC Annual Report for 2023
Administrative information
Christ Church is situated in Christchurch Road, Sidcup. It is part of the Diocese of Rochester within the Church of England. The correspondence address is The Vicarage, 16 Christchurch Road, Sidcup, Kent DA15 7HE. Christ Church, Sidcup PCC is registered with the Charity Commission No. 1127351. Objectives Christ Church, Sidcup PCC has the responsibility of co-operating with the incumbent, the Rev Thomas Parsons, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the Church and Church Hall, Woodside Crescent, Sidcup. Further details are provided in Achievements and Performance later in this report.
PCC Membership
Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.
During the year the following served as members of the PCC:
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||||||||
|---|---|---|---|---|---|---|
|Ex|officio|members:|
|Incumbent:|The|Rev Thomas|Parsons|Chairman|
|Curate:|Rev Adam|Curtis|Resigned|31|August|2023|
|Youth|Minister|Mr|Kevyn|Oliver|
|Reader:|Mr Andrew Young|
|Wardens:|Mr Tom|McMahon|
|Miss|Sam|Maxwell|
|Deanery Synod|Representatives:|
|Mr Stephen|England|Until APCM|2026|
|Mr Andrew Young|as|s|a|
|Elected members:|Mr|Mike|Barrett|Until|APCM|2024|
|Mr|Howard|Bunting|“|7|7|
|Mr|Leigh|Evans|=|.|.|
|Mrs|Jenny|Rutter|.|™|=|
|Mr|Daniel|Beckley|Until APCM|2025|
|Ms|Carole|Hazelgrove|id|=|*|
|Ms|Desi|Lambina|.|=|.|
|Mr|Stan|Codling|“|“|.|
|Mr|Paul|Atkinson|Until|APCM|2026|
|Mr|Greg|Farrell|“|“|“|
|Mrs|Diane|McMahon|“|“|“|
|Mrs|Alison|Summers|“|“|“|
|Co-opted members:|Mss|Caroline|Bunting|Until|APCM|2024|
|Mr|Robin|Younghusband|“|“|“|
|PCC Secretary|Mr|Robin|Younghusband|
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PCC Committees
The PCC is assisted by three committees, which meet between full meetings of the PCC:
Standing Committee:
This is the only committee required by law. It has power to transact the business of the PCC between its meetings, subject to any directions given by the Council.
Mission Committee:
Attends to matters relating to the support of mission and relief agencies worldwide.
Fabric Committee:
Attends to matters relating to the stewardship of plant, such as the church buildings and fabric, the churchyard, the Vicarage and the Church Hall, Woodside Crescent, Sidcup
PCC Members are encouraged to develop their knowledge and understanding of the aims and objectives of the Church by also participating on one or more of the committees. Newly elected PCC members receive induction training according to their needs and previous experience with this or other charities.
Parochial Organisations
These accounts include the operation of Church Parochial Organisations that have their main allegiance to the PCC but which are managed independently by respective committees using facilities of the Church and Church Hall and have their accounts presented to the PCC on an annual basis.
The Parochial Organisations are:
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Mothers|and|Toddlers|||0-5|&Carers|| Thursday am term time|Church|Hall|
|Tiny|Tots|0-5 &|Carers|| Tuesday am term|time|Church|Hall|
|Christchurch|Playgroup|||Pre-School|Mon, Wed,|Friamtermtime|| Church|Hall|
|Boys|Brigade|School|Age|Fridays pm|term|time|Church|Hall|
|Bumps|and|Babies|0-1|&Carers|| Thursdays am|weekly|West Wing|
|Contact|Club|Tuesday am|weekly|Fellowship|Rooms|
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Achievements and Performance
Review of the year
2023 was a year of growth at Christ Church. It was very encouraging to see a steadier stream of newcomers into the church services and activities than we have known for many years. Some of these new people have been committed followers of Jesus who are moving into the area; several have very little church background and have come to do what the inscription over Christ Church’s doorway recommends: to seek the Lord.
During the summer, Christ Church said goodbye to Rev Adam Curtis, who left us after completing his curacy in - Sidcup. Adam’s contribution to the life and growth of our di parish was huge and he is missed now that he has taken up ras se his role as Associate Vicar at St Mary’s, Maidenhead. His — e . wv A > ae departure was marked with a memorable weekend of 7 as tl events, and it was a joy to give him an oversize bed asa gift os aN + from the church. It was the first time in his adult life he had ; —& fitted into a bed! The frame and bedding were made by various church members. Adam madea very significant contribution to an event which, for many, was high point of the year. He played the role of Jesus in The Mark Drama. This dramatized presentation of Mark’s Gospel was facilitated by Andrew Page, who came to us for a weekend and drilled a cast of thirteen church members to deliver two very powerful performances in March. Another of Adam’s contributions was a series of apologetics evening session in January. Speakers from Christianity Explored and The Oxford Centre for Christian Apologetics addressed questions about faith, science, suffering and meaning. The series was named The Glass Room, to express our aim to be transparent in our presentation of the Christian Faith, and to refer to the glass-fronted West Wing. It has been good to engage in these ways with those “| seeking answers to the big questions. We have also hosted three evangelistic courses for enquirers during F the year, including an autumn Christianity Explored \ recent past. We were also privileged to welcome Speak of » CourLife’ s e,NatewhichMorganwas oneLockeof thein November.best attendedHe ofsp o keur evangelistically in the morning service and led an —™™ | excellent seminar in the evening that pursued the theme of God and story.
It has been encouraging to see Kevyn Oliver, our Children, Youth and Family Minister, get into his stride during 2023 — having only joined the staff team in late 2022. He and Adam ran a February half-term holiday club which helped us build good links to local families. In addition, parties at Easter and December, along with a weekly series of outdoor events on summer Saturdays, have built bridges.
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Work with children and young people has continued across the range of ages. Boys’ Brigade numbers have been excellent, and their activities raised a | — record contribution for their chosen charity of the year; Demelza Hospice, Sunday children’s groups | have been well led by a strong team of volunteers, and the weekday activities for preschool children (Bumps and Babies, Tiny Tots and Mums and Toddlers) are thriving.
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The past year has not been a straightforward in the wider Church of England, after the General Synod voted in February to introduce liturgy to bless same-sex sexual relationships. This led to Christ Church’s Church Council taking the decision to write to our Bishop to inform him that we intend to hold to the established teaching of the Church. This was a demanding process. We were helped in it by Adam who, in his capacity as a representative of the organisation Living Out, led us in two seminars on being a biblically inclusive church.
These discussions serve to highlight the complexity of the times we live in, and we are trying not to shy away from them. An example of that desire to engage honestly in contemporary challenges was an evening seminar we hosted in the autumn led by Owain Jenkins. Owain, a local friend of our church, also speaks for the organisation Naked Truth. He helped us to think through the contemporary challenges related to pornography.
Another priority of this year has been building relationships within the church. With this in mind, our Church Day Away in September was very positive. As before, we used the excellent facilities at St Nicholas’ Church, Sevenoaks. Around 70 church members gathered for teaching from The Revd Carl Chambers, Vicar of Wilmington, and for plenty of spare time to talk.
Another relationship-building initiative was the Holy Week of Hospiltality. Ten church members opened their homes in the week leading up to Easter to anyone who wanted to come. It was very encouraging to see new connections made.
During the year, there were the usual range of pastoral offices: funerals, baptisms and a wedding. It is always a privilege to be involved in such events — although 2023 did see more than the usual number of church-related funerals. As for baptisms, we held one very uplifting summer Sunday evening service at Sidcup Baptist Church as three Christ Church members were baptised by full immersion.
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evident in the accounts below.
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This sense that the church is growing was encapsulated at the service of Carols by Candlelight in December. For the first time in living memory, there were well over 300 people in church, and the choir has grown to the point where it is hard to know how to fit all the members into the chancel!
We are aiming to grow in three directions: deeper in faith, wider into our community and younger in our average age as a church family. Rising numbers is not the only measure of our health. We long to experience a deepening worship and love, understanding and commitment. We would love to connect more widely with people in our parish and area. We pray for more meaningful impact in the lives of young people. But we end the year grateful to God for everything he has given us and, with the complexity of the times and the fractious state of the wider church in mind, we can only go forward with in prayer and trust.
Church attendance
The previous Church Electoral Roll contained 153 names. 7 names were added during the year and 4 were removed. Therefore, the new Roll contains 156 names of which 49 live in the Parish and 107 live outside the Parish. The average weekly attendance at services during October was 143 aged over 16 and 20 under 16. This number increases at festivals.
Safeguarding
The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 and its duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults. Our safeguarding work is led by Parish Safeguarding Officer Dawn Watson.
Financial review
We remain forever thankful for the generosity of the congregation. This year, total regular giving including the value of tax credits was £149,371, (2022: £137,718). The increase follows the growth in church attendance coupled with a move to regular contributions by way of standing order, routine bank transfer or payment via Stewardship of Charities Aid Foundation.
Designated contributions to support the installation of a new boiler in Church amounted to £7,006 (2022: £5,068).
Collections through the plate increased to £8,312 (2022: £6,503) including the associated tax credit.
The Church benefitted from two legacies in the year amounting to £15,500. These occasional, one off gifts provide the PCC with additional financial resource to renovate aged equipment or in the current case invest in deepening our Ministry with target groups. The PCC have agreed to the transfer of £7,000 annually from the Legacy reserve, until exhausted, to support youth work in the Church.
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Regular users have been established in the Church Hall and West Wing and Fellowship rooms. Our Parochial organisations, Playgroup, Mothers & Toddlers, TOTS, Brownies, Boys Brigade, and Contact Club all make valuable contributions, together with external groups like the New Eltham Dance School, Zumba, Slimming World and Barclays Bank who have committed for another year.
Added to those, there are numerous occasional bookings for meetings or training and party hire. Together we have benefitted by £25,236 (2022: £20,123)
The Diocese continued to support the cost of accommodation for our Curate, until the end of his term in August.
Our Parochial Organisations continue to operate effectively. A decline in the birth rate, COVID, Brexit and other factors led to fewer numbers in the Playgroup. The Management Committee restructured the staffing to mitigate this temporary reduction in income. Another smaller deficit was registered in 2023 but finances are now more evenly balanced. The PCC remain reassured that each of the Parochial organisations has sufficient reserves to meet their liabilities and is able to continue operating effectively.
Mission giving remains an important focus at Christ Church. Fundraising provided gifts of £11,772 including £1,770 from Boys Brigade and Mothers and Toddlers (2022: £11,197). The Agencies and Charities in receipt of our support are disclosed on page 15 of these accounts.
At the end of December 2023, a total of £17,000, from the original loan to install the boiler, remains to be repaid over the next 3 years and we will continue with specific fundraising and appeals in order to lessen any draw upon general reserves.
Going Concern
After making appropriate enquiries the PCC has concluded that it has adequate resources to continue its activities for the foreseeable future. For this reason, it has continued to adopt the going concern basis for the preparation of these accounts.
Reserves policy
The PCC reviewed its reserves policy and has concluded that ideally undesignated unrestricted reserves should match the average value of unrestricted payments in a year. This will cover emergency situations that may arise and provide a sensible working capital for the needs of the PCC.
By completing the boiler works ahead of receiving funding there is a short term adverse reserve of £14,384 for which future fundraising will be needed to bring this project back into balance. At the end of the current year general reserves, excluding the boiler deficit, remain at some 50% of that ideal target.
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Designated reserves are set aside principally to meet repairs and improvements to the Church and Hall. These are reviewed on a 5-yearly basis in line with recommendations from the Diocesan Surveyor.
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Approved by the PCC on 11° March 2024 and signed on their behalf by Tom Parsons Vicar.
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The Parochial Church Council of the Ecclesiastical Parish of Christ Church Sidcup
Statement of Financial Activities for the year ended 31 December 2023
| Unrestricted | Funds | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Undesignated | Designated | Fund | 2023 | 2022 | ||
| Notes | £ | £ | £ | £ | £ | |
| INCOMING RESOURCES | ||||||
| Voluntary income | 2(a) | 173,183 | 59,217 | 11,739 | 244,139 | 210,900 |
| Activities for generatingfunds | 2(b) | 33,284 | ie) | 0 | 33,284 | 25,322 |
| Income from investments | 2(c) | 1,412 | 827 | 0 | 2,239 | 341 |
| Other incoming resources | 2(d) | 0 | 6,088 | 0 | 6,088 | 14,127 |
| Total IncomingResources | 207,879 | 66,132 | 11,739 | 285,750 | 250,690 | |
| RESOURCES EXPENDED | ||||||
| Church activities | 3(a) | 159,736 | 59,096 | 11,739 | 230,571 | 189,986 |
| Church managementand admin | 3(b) | 20,666 | 0 | 0 | 20,666 | 19,831 |
| Cost ofgeneratingvoluntary income | 3(c) | 11,988 | 0 | 0 | 11,988 | 12,062 |
| Fund-raising trading costs | 0 | 0 | 0 | 0 | 0 | |
| Total Resources Expended | 192,390 | 59,096 | 11,739 | 263,225 | 221,879 | |
| NetMovement in Funds | 15,489 | 7,035 | 0 | 22,525 | 28,811 | |
| Transfers between reserves | (7,019) | 7,019 | 0 | 0 | 0 | |
| Movementforthe Year | 8,470 | 14,054 | 0 | 22,525 | 28,811 | |
| Balances B/F 01 January | 8 | 72,006 | 22,555 | 1,125 | 95,686 | 66,875 |
| BalancesC/F31December | 8 | 80,476 | 36,609 | 1,125 | 118,211 | 95,686 |
There are no gains or losses on investment assets and there has been no revaluation of fixed assets reported in these accounts.
The notes on pages 10 to 14 form part of this account
8
The Parochial Church Council of the Ecclesiastical Parish of Christ Church Sidcup
Balance Sheet at 31 December 2023
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|||||||||
|---|---|---|---|---|---|---|---|
|Notes|2023|2022|
|£|£|
|FIXED|ASSETS|
|Tangible|Assets|5|0|0|
|CURRENT|ASSETS|
|Debtors|6(b)|9,619|15,212|
|Short term|deposits|6(c)|102,387|77,630|
|Cash|at|bank and|in|hand|6(d)|31,598|40,996|
|143,604|133,838|
|LIABILITIES|
|Creditors|- falling due|in one year|7|(14,393)|(21,152)|
|NET CURRENT ASSETS|129,211|112,686|
|Creditors falling due|after one year|(11,000)|(17,000)|
|TOTAL ASSETS|LESS CURRENT|LIABILITIES|118,211|95,686|
|PARISH|FUNDS|8|
|Unrestricted|-|Undesignated|General|66,933|66,963|
|Unrestricted|-|Undesignated|Legacy|13,543|5,043|
|80,476|72,006|
|Unrestricted|-|Designated|Repair Funds|24,876|17,030|
|Unrestricted|-|Designated|Church|Building|(14,384)|(21,390)|
|Unrestricted|-|Parochial|Organisations|26,118|26,915|
|36,610|22,555|
|Restricted|-|Parish|Hall|Land|1,125|1,125|
|TOTAL FUNDS|118,211|95,686|
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Approvedv Parochial Church Council on 11 March 2024 and signed on its behalf by: \ n AN S Rev. Tom Parsons - Vicar Tom
J [iene h—~ Tom McMahon - Church Warden
The notes on pages 10 to 14 form part of this account
9
The Parochial Church Council of the Ecclesiastical Parish of Christ Church Sidcup
Notes to the Financial Statements for the year ended 31 December 2023
1 ACCOUNTING POLICIES
Preparation of Accounts
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014.
The financial statements have been prepared under the historical cost convention using the accruals accounting basis. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in Law. They do not include the accounts of other church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.
Funds
Unrestricted funds comprise all reserves other than those restricted funds. General funds and legacies can be used by the PCC for any purpose. Some unrestricted funds have a designated use for the repair of the Church or Church Hall or by the Parochial Organisations, The PCC has additionally designated a building fund for the West Wing Annexe. The restricted fund has arisen following the sale of a small parcel of land adjacent to the Church Hall.
Incoming Resources
Planned giving, collections and donations are recognised when received. Tax funds are recognised when the incoming resources to which they relate is received. Interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.
Resources Expended
Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross.
Going Concern
The PCC assess whether the use of going concern in the preparation of these accounts is still appropriate. The PCC assess whether there are material risks, uncertainties, events or conditions that cast significant doubt on the ability of the PCC to continue to fulfil its charitable objectives and meet its liabilities as they fall due as a going concern. The PCC make this assessment for a period of 1 year from the date of approval of these accounts.
Fixed Assets
Consecrated and benefice property of any kind is excluded from the accounts by s.96(2)(a) of the Charities Act 1993. Major new equipment purchased for use within the Church and Hall is depreciated on a straight line basis over 4 years. Individual items of equipment with a purchase price of £5,000 or less are written off when the asset is acquired.
10
The Parochial Church Council of the Ecclesiastical Parish of
Christ Church Sidcup
Notes to the Financial Statements for the year ended 31 December 2023
| 2. INCOMING RESOURCES | Unrestricted | Funds | Restricted | Total | Total |
|---|---|---|---|---|---|
| Undesignated | Designated | Fund | 2023 | 2022 | |
| f | f | f | f | f | |
| 2(a)Voluntaryincome | |||||
| Planned giving: Gift aid donations | 111,851 | 111,851 | 104,774 | ||
| Tax recoverable | 26,248 | 26,248 | 25,045 | ||
| Other | 11,272 | 11,272 | 7,899 | ||
| Collections on the plate incGASDS | 8,312 | 8,312 | 6,503 | ||
| Donations and appeals | 7,006 | 7,006 | 5,067 | ||
| Legacies | 15,500 | 15,500 | 0 | ||
| Mission gift daysand othergiving | 9,969 | 9,969 | 10,997 | ||
| Pavsehial seeanisationsgancral | 42,711 | 170 | 53.981 | 50.15 | |
| VoluntaryIncome2023 | 173,183 | 59,217 | 11,739 | 244,139 | 210,900 |
| Voluntaryincome2022 | 144,221 | 55,482 | 11,197 | 210,900 | |
| 2(b) Activities forgeneratingfunds | |||||
| Bookstall | 0 | 0 | ) | ||
| Contact magazine | 0 | 0 | 0 | ||
| Church fees | 2,476 | 2,476 | 2,739 | ||
| Ministryfees | 2,284 | 2,284 | 1,778 | ||
| Church halland fellowship room lettings | 25,236 | 25,236 | 20,123 | ||
| Sundryincome | 3,288 | 3,288 | 682 | ||
| Activitiesgeneratingfunds2023 | 33,284 | 0 | 0 | 33,284 | 25,322 |
| Activitiesgeneratingfunds2022 | 25,322 | 0 | 0 | 25,322 | |
| 2(c) Income from investments | |||||
| interest receivable 2023 | 1,412 | 827 | 2,239 | 341 | |
| Interest receivable 2022 | 228 | 113 | 0 | 341 | |
| 2(d)Otherincome2023 | 6,088 | 6,088 | 14,127 | ||
| Otherincome2022 | 0 | 14,127 | 0 | 14,127 | |
| Total Incoming Resources2023 | 207,879 | 66,132 | 11,739 | 285,750 | 250,690 |
| TotalIncoming Resources2022 | 169,771 | 69,722 | 11,197 | 250,690 | |
| 3. RESOURCES EXPENDED | Unrestricted | Funds | Restricted | Total | Total |
| Undesignated | Designated | Fund | 2023 | 2022 | |
| £ | £ | £ | £ | £ | |
| 3(a) Church activities | |||||
| Ministrycosts | 49,795 | 6088 | 55,883 | 25,208 | |
| Parish share | 78,176 | 78,176 | 73,853 | ||
| Church runningexpenses Otherchurch maintenance |
17,231 3,442 |
17,231 3,442 |
18,832 (3,075) |
||
| Upkeepof services | 3,802 | 3,802 | 2,124 | ||
| Contactmagazine&website | 763 | 763 | 1,540 | ||
| Supportgroups&Outreach | 6,057 | 6,057 | 5,323 | ||
| Subscriptions Sundries Misionarygivingand grants |
147 23 300 |
9,969 | 147 23 10,269 |
107 159 11,097 |
|
| Parochial organisations general | 53,008 | 1,770 | 54,778 | 54,819 | |
| Church activities2023 | 159,736 | 59,096 | 11,739 | 230,571 | 189,987 |
| Churchactivities2022 | 110,044 | 68,746 | 11,197 | 189,987 |
11
The Parochial Church Council of the Ecclesiastical Parish of Christ Church Sidcup Notes to the Financial Statements for the year ended 31 December 2023
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3. RESOURCES EXPENDED Unrestricted Funds Restricted Total Total
Undosignated Designated Fund 1023 1022
£ £ £ £ £
3(b) Church management
Administrator 18,693 18,693 17,673
Printing and photocopying 1,973 1,973 2,158
Bank and other sundry charges 0 0
Church management 2023 20,666 0 0 20,666 19,831
Church management 2022 19,831 0 0 19,831
3(c) Cost of generating voluntary income
Hall running costs 11,155 11,155 8,126
Other hall maintenance 833 833 3,936
Cost of generating income 2023 11,988 0 0 11,988 12,062
Cost of generating income 2022 12,062 [2] 0 12,062
3(d) Fund raising costs 0 0 0
Total Resources Expended 2023 192,390 59,096 11,739 263,225 221,880
Total Resources Expended 2022 141,937 68,746 11,197 221,880
4 STAFF COSTS Unrestricted Funds Restricted Total Total
Undesignated Designated Fund 2023 2022
£ £ £ £ £
4(a) Wages and salaries
Gross payments 58,582 29,260 87,842 62,052
Social security costs 0 0 it) 0
Employers Stakeholder pension 1,141 101 1,242 539
Wages & Salaries 2023 59,723 29,361 0 89,084 62,591
Wages & Salaries 2022 31,266 31,325 0 62,591
Church
Families and Youth worker 32,175 32,175 5,100
Cooordinator 18,330 18,330 17,340
Verger 6,162 6,162 5,868
Hall Cleaners & Caretaker 1,210 1,210 1,443
Occasional Organists 705 705 1,060
Parochial Organisations
Playgroup leaders 29,260 29,260 31,241
58,582 29,260 0 87,842 62,052
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During the year our Coordinator managed the Church, a Cleaner and a Caretaker managed the hall, an Organist conducted occasional duties. Employer social security costs did not reach the de-minimis level to require payment for the year.
An Ofsted registered Playgroup, a Mothers and Toddlers group and a Tots group operate from the church hall. These Parochial Organisations employed 5 part time Playgroup leaders. No payment to an employee was large enough to attract employer social security costs. Together these employees amount to approximately 2 full time employee.
Expenses of £992 ( 2022: £790) were reimbursed to the Incumbent for telecoms, books, travelling and church resources. Expenses of £743( 2022: £678) were reimbursed to the Curate for telecoms, books, travelling and church resources. Expenses and reimbursements of £2,117 were made to the Youth Minister telecoms, for books, travelling and church resources. The Buntings, members of the PCC, received £7,200 (2022: £10,800) from the Church in rent for the Curate's flat at approximately 75% of the open market rate. No payment of fees or expenses were made to PCC Members or persons closely connected with them or to any related parties for their services as PCC charity Trustees.
12
The Parochial Church Council of the Ecclesiastical Parish of Christ Church Sidcup
Notes to the Financial Statements for the year ended 31 December 2023
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|||||||
|---|---|---|---|---|---|
|2023|2022|
|5 FIXED ASSETS|-|£|
|5(a)|Tangible|assets|
|Freehold|land|and|buildings|
|Cost /|valuation|
|As|at|1|January|357,856|357,856|
|Additions|(disposals)|0|0|
|As|at|31|December|357,856|357,856|
|Depreciation|
|As|at|1|January|357,856|357,856|
|Charge|(released|on|disposals)|0|0|
|As|at 31|December|357,856|357,856|
|Net|book values|
|As|at|31|December|0|0|
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The freehold land and buildings comprise the Church Hall, Woodside Crescent, Sidcup. The book value is an amount estimated by the PCC as at 25 December 2000, for insurance purposes and has been fully depreciated.
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||||||||
|---|---|---|---|---|---|---|
|6|CURRENT|ASSETS|2023|2022|
|£|£|
|o(b)|Debtors|
|Tax|recoverable|7,738|9,737|
|Other|debtors|723|4,405|
|Prepayments|1,158|1,070|
|Parochial|Organisation|Other|debtors|0|0|
|Total|debtors|9,619|15,212|
|2023|2022|
|£|£|
|6(c)|Short term|deposits|
|Diocese|of|Rochester|accounts|
|General|loan|account|23,489|22,717|
|Legacy account|19,639|19,028|
|Sale|of|Parish|Hall|land|1,125|1125|
|Church|repair|account|26,845|20,163|
|Hall|repair account|5,709|4,546|
|76,807|67,579|
|Santander|deposit account|25,580|10,051|
|Total short term|deposits|102,387|77,630|
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13
The Parochial Church Council of the Ecclesiastical Parish of
Christ Church Sidcup
Notes to the Financial Statements for the year ended 31 December 2023
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| 6(d) Cash atbank and in hand | ||||||
| Santander -currentaccount | 4,781 | 8,220 | ||||
| Santander- gift aid account | 89 | 2,067 | ||||
| Commercial Banks - parochial organisations | 26,728 | 30,709 | ||||
| 31,598 | 40,996 | |||||
| 2023 | 2022 | |||||
| 7 CURRENT LIABILITIES | £ | £ | ||||
| Amountsfallingdue withinone year | ||||||
| Sundry creditors | 707 | 972 | ||||
| Accruals | 7,076 | 9,386 | ||||
| Boiler loan repayable | 6,000 | 6,000 | ||||
| Parochial Organisation& fees in advance | 610 | 4,794 | ||||
| 14,393 | 21,152 | |||||
| 8 FUNDS | ||||||
| Balance at | 1 | Incoming | Resources | Reserves | Balanceat31 | |
| January | resources | expended | Transfers | December | ||
| £ | £ | 2 | £ | £ | ||
| 8(a) Undesignated un-restricted reserves | ||||||
| General reserves | 66,963 | 192,379 | (192,390) | (19) | 66,933 | |
| Legacy reserves | 5,043 | 15,500 | (7,000) | 13,543 | ||
| 72,006 | 207,879 | (192,390) | (7,019) | 80,476 | ||
| 8(b) Designated un-restricted reserves | ||||||
| Diocesan grants | 0 | 0 | 0 | |||
| Curate accommodation | 0 | 6,088 | (6,088) | 0 | 0 | |
| Church repair reserves | 12,017 | 682 | 0 | 6,000 | 18,699 | |
| Church hall repair reserves | 5,013 | 145 | 0 | 1,019 | 6,177 | |
| Church buildingfund reserves | (21,390) | 7,006 | 0 | 0 | (14,384) | |
| Parochial organisations reserves | 26,915 | 52,211 | (53,008) | 0 | 26,118 | |
| Balance at 31 December | 22,555 | 66,132 | (59,096) | 7,019 | 36,610 | |
| 8(c) Restricted reserves | ||||||
| Mission giving | 0 | 11,739 | (11,739) | 0 | 0 | |
| Sale of Hall Land reserve | 13125 | 0 | 0 | 0 | 1,125 | |
| TotalReserves | 95,686 | 285,750 | (263,224) | 0 | 118,211 |
9 FUNDS HELD AS CUSTODIAN TRUSTEE
Christ Church PCC does not hold any funds as a "Custodian Trustee" on behalf ao any other Individual, Company or Organisation.
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The Parochial Church Council of the Ecclesiastical Parish of
Christ Church Sidcup
Independent Examiners Report to the Trustees - The PCC of Christ Church Sidcup Charity Number 1127351
| report to the Trustees on my examination of the accounts of the above named charity for the year ended 31 December 2023.
Respective Responsibilities and Basis of Report
As the charity's Trustees, you are responsible for the preparation of the accounts in accordance with the requitements of the Charities Act 2011. (the Act)
| report in respect of my examination of the Charity's accounts carried out under section 145 of the Act and in carrying out my examination, | have followed all the applicable Directions given by the Charities Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
The charity's gross income exceeded £250,000 and | am qualified to undertake this examination by being aqualified member of the Institute of Chartered Accountants in England and Wales (ICAEW)
| have completed the requisite examination.
| confirm that no material matters have come to my attention in connection with my examination which gives me cause to believe that in any material respect:
-
the accounting records were not kept in accordance with section 130 of the Act; or
-
the accounts did not accord with the accounting records or
-the accounts did 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.
| 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.
Ms Emilie Ann Radley BSc ACA 11 March 2024
15
The Parochial Church Council of the Ecclesiastical Parish of Christ Church Sidcup
Mission & Charity Giving Analysed
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| OverseasAgencies | ||
| Crosslinks | 1,708 | 3,915 |
| Bible Society | 2,287 | 1,917 |
| Christian Aid | 1,183 | 505 |
| Christian Solidarity Worldwide | 0 | 125 |
| 5,178 | 6,462 | |
| Home Agencies | ||
| Church Pastoral Aid Society | 1,725 | 1,455 |
| Lark in the Park | 1,142 | 1,257 |
| CRIBS | 1,624 | 1,266 |
| 4,491 | 3,978 | |
| OtherCharities | ||
| Macmillan Nurses | 250 | 200 |
| Greenwich & Bexley Hospice | 0 | 412 |
| UK Cost of living support payments | 300 | 0 |
| Ukraine | 0 | 145 |
| Demelza Hospice | 1,520 | 0 |
| 2,070 | 757 | |
| Total Mission Giving | 11,739 | 11,197 |
| GrantsbythePCC | ||
| Evangelical Alliance | 150 | 100 |
| Hope and Poverty | 150 | 0 |
| 300 | 100 | |
| GrandTotal | 12,039 | 11,297 |
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