**Parochial Church Council of** Ce Christ Church Ne Fy making | growing | sending | disciples
**The Parochial Church Council of Christ Church, Selly Park a registered charity (No. 1127755)**
# **Annual Report and Financial Statements for the year ended 31st December 2023**
953 Pershore Road, Selly Park, Birmingham, B29 7PS www.christchurchb29.org 0121 471 2379
Vicar:
Revd Ben Green 16 Over Mill Drive Selly Park Birmingham B29 7JL
Bank: The Co-operative Bank p.l.c. P O Box 250 Skelmersdale WN8 6WT
Bank: Lloyds Bank plc P O Box 1000 Andover BX1 1LT
Bank: CBF Church of England Deposit Fund CCLA Investment Management Limited One Angel Lane London EC4R 3AB
Independent Examiner: Teresa Fennell It Doesn't Have to Cost the Earth Ltd 47 St Dunstan’s Close, Worcester WR5 2AJ
1
**Trustees’ Report**
## **Aims and Purposes**
The Parochial Church Council ("the PCC") of Christ Church Selly Park ("Christ Church") has the responsibility of cooperating with the incumbent, the Reverend Ben Green, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical.
## **Objectives and Activities**
The trustees' report covers the principal activities during 2023; supplementary reporting to the APCM may take place.
When planning and reviewing activities the PCC considers the Charity Commission's guidance on public benefit and the supplementary guidance on charities for the advancement of religion. The PCC complies with its duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 to have due regard to the House of Bishops’ guidance on safeguarding children and vulnerable adults.
## **Advancing the mission of Christ Church**
- 1 We are passionate about providing opportunities for people to explore the Christian faith - for the first time or as a refresher. We ran an Alpha Course with Anchor Church from January until Easter, and a new course called 'Hymns we Love' aimed at older people, before our regular Lunch Club.
- 2 We continue to run small groups midweek for people to gather, pray, study the Bible and share their lives together. By the end of 2023 all these groups were meeting in-person again.
- 3 Our intergenerational service 'Explore' ran monthly. These services are planned by a small team, and are intended to be different each month. For example, sometimes we sit round tables, sometimes we plan activities throughout the building for people to move around.
- 4 We extended our first winter of Warm Welcome Spaces to the end of March as it was proving so popular. It continued on Fridays once a month during the summer, before opening again twice a week from November. This helps us make connections with people in the local community - both as visitors and helpers.
- 5 Over the coronation weekend we held a community BBQ in our car park, with the local neighbourhood forum, Anchor Church and Selly Park Baptist Church. This and Warm Welcome has helped strengthen our links to our local parish community and demonstrates our commitment to provide a public benefit.
- 6 A group of our young people attended Satellites, a five-day Christian youth festival in August. It was a huge success, and (thanks largely to them talking about how good it was) we plan to take a larger group in August 2024.
- 7 In September 2023 we restarted in-person overseas mission trips with a couple visiting Kenya for the first time since before COVID. Such visits are vital to strengthen our partnerships with other Christians around the world.
2
## **Achievements and performance**
## _Worship and Prayer_
Our main service each Sunday is in the morning at 10:30am. A monthly 9am service continues to run for those who are anxious about returning with large numbers of people. We also continue to broadcast our 10.30am services on Zoom for those who are unable to attend in person. In 2023 our teaching themes included: Come and Go (looking at Jesus' commands to 'come' to him and 'go' out into the world), Whole Life Worship (helping us to see the whole of life as worship), Job: Out of the Storm (working through the book of Job, looking at questions of suffering and pain), Fruitfulness on the Frontline (LICC's resource about everyday evangelism), and Advent Words: Hope, Peace, Joy and Love.
Regular prayer meetings for the country, overseas mission, and the life of the church have taken place on Zoom or in person. We also held a couple of whole church prayer meetings, one focused on the life of the church, the other on praying for our Christmas services and events.
## _Electoral Roll_
Our electoral roll was refreshed before the 2023 annual meeting. We are pleased to have seen adults and children joining our congregation during the year but as in any congregation we have also seen individuals moving location and church.
## _Pastoral Care_
The Pastoral Care Team is made up of a part time Pastoral Care Co-ordinator and a team of volunteers who provide help and support to anyone in our church family or community. This could involve practical support and pastoral visits at home or in hospital. The team are also active in supporting the weekly Lunch Club, Toddler Club, Bereavement Group and Coffee Mates. Regular team meetings are held throughout the year to share pastoral needs, receive training and pray for those in need. The PCC recognises with gratitude the valuable pastoral work undertaken by the team.
## _Community Benefit_
The Church building is used by a variety of local community groups including scouts, guides and music societies. The Lunch Club, Coffee Mates, Baby and Toddler Group, Youth group and Bereavement Group all provide services to local residents. We also provide a venue for several organisations to hold training courses for staff and volunteers. We have risk assessments and processes in place to address the safety of those using our building.
## _Volunteers_
All of the activities described in this trustees’ report are dependent on the volunteers who lead and give of their time to enable all areas of the Church to function. The scale of the work of the charity is greatly enhanced by the input of all the members of the Church; because of the difficulties in quantifying these gifts their financial effect has not been quantified.
## _Mission Work and wider church impact_
The church continued its financial and prayer support for Mission partners and other organisations and individuals. The main mission partners are:
- Amani Centre for Street Children based in Moshi, Tanzania
- Richard Fairhead and media outreach based in Cyprus (TLA Charitable Trust)
- The Anglican Diocese of Bolivia (Churches in Bolivia)
- The African Interior Church and The Kenya Navigators
## **Our building**
We recognise the value of rental income that is generated and the opportunity to provide a meeting space within the local community. We are grateful to the members of the Site Committee who provide support for the issues related to the building and report regularly to PCC. In the summer we undertook a major piece of work replacing our sound system which broke - thankfully during August when the building was being used less.
## **Policies and procedures**
The PCC has a planned programme for updating policies and procedures and during the year a number were updated.
3
## **Vicar’s comments from Revd Ben Green**
The common theme through 2023 (apart from my ongoing health issues) was the Action Plan agreed by PCC in January, the first to help us implement our mission statement 'making, growing, sending disciples of Jesus'. I formed three working groups to look at 1) reviewing our ministries, 2) a discipleship plan and 3) improving our structures and accountability. A questionnaire helped us identify strengths and weaknesses in our ministries - the question is what next? The discipleship group identified some things we'd like to try - the next step is to ask how and when? The structures group designed a helpful chart which we have started to implement - there is a lot more to do.
A large chunk of the first half of 2023 was taken up with conversations about sexuality and marriage, along with much of the rest of the Church of England. We had an afternoon with Andy Robinson (Living Out) in March. I wrote a pastoral letter to the church in April, making clear my own position in support of the church's historic teaching on marriage and sexuality (which is what I will teach and ask to be taught at Christ Church), and following John Stott I encouraged us to be people of 'truth softened by love and love strengthened by truth'. Following the letter I had a series of conversations, ranging from formal to informal, individual to group, primarily to listen to people's views and provide a forum for people to share their concerns, hopes and fears.
In October our Children's, Families and Youth Missioner Rach Fasham left to work at another local church. We held an evening celebrating and thanking her for her ministry among us, and sending her off with our prayers. Discussions about what staffing we need to serve our vision and mission are ongoing.
I would like to thank all those who give so much of their time, talents and treasure to support God's work through the ministries of Christ Church. We do a lot - perhaps too much? - but none of it would be possible without the love and dedication of so many.
## **Reference and Administrative Details**
Registered charity name; The Parochial Church Council Of The Ecclesiastical Parish Of Christ Church Selly Park, registered number 1127755. Known as "Christ Church, Selly Park" the parish is situated in Selly Park, Birmingham and it is part of the Diocese of Birmingham within the Church of England. The principal address is 953 Pershore Road, Selly Park, Birmingham B29 7PS.
Birmingham Diocesan Trustees Registered as Custodian Trustees hold the title of land on behalf of the PCC because the PCC is not permitted by law to be the registered owner of land.
During the year the following served as trustees/members of the PCC:
|Clergy|Ben Green||
|---|---|---|
|Wardens|Graham Romp|From APCM 2019|
||Janet Chalmers|From APCM 2022|
|Elected members|Pat Clayton|Until APCM 2023|
||Sarah Crooks|Until APCM 2026|
||Peter Frere|Until APCM 2025|
||Martin Garrod|Until APCM 2025|
||Cheryl Homer|Until APCM 2024|
||Adrian Jones|Until APCM 2024|
||Becky Parnell|Until APCM 2026|
||Kate Routley|Until APCM 2025|
||Ellie Wallace-Howell|Resigned with effect from 31 May 2023|
||Tony Ward|Until APCM 2026|
|Co-opted members|Pat Clayton|From 23 May 2023|
Graham Romp was nominated as lay chair of PCC by Revd Ben Green. The Parish Administrator who is PCC secretary attended PCC meetings to take minutes.
4
## **Structure, Governance and Management**
The PCC is a corporate body established by the Church of England. The PCC is a registered charity and operates under the Parochial Church Council (Powers) Measure 1956. Members of the PCC are either ex officio, co-opted or elected by the Annual Parochial Church Meeting ("APCM") in accordance with the Church Representation Rules. The PCC is made up of the Vicar, two Churchwardens, and ten further elected members. Our two Deanery Synod Representatives do not normally attend PCC meetings. The Parish Administrator attends to take minutes. Elected members serve for three years, with an option to stand again at the end of that period for a further three years. No elected member may serve for more than six consecutive years. There must be a gap of at least one year before they can stand for election again.
The PCC held six business meetings during the year (January, March, May, July, September and November) as well as the APCM which took place on 21 May 2023. The PCC has four permanent subcommittees – Standing, Finance, Site (Previously Management Group) and Mission. All subcommittees report to the PCC on a regular basis and provide recommendations to PCC. All matters of policy and finance are determined by the PCC with limited powers delegated to subcommittees; however detailed implementation of PCC decisions may be delegated to specific subcommittees from time to time as determined by PCC. Membership of the subcommittees is approved by the PCC to whom they report.
## _**Standing Committee**_
This is the only committee required by law. It has power to transact the business of the PCC that arises from time to time between PCC meetings, subject to any direction given by the Council, in accordance with the Church Representation Rules. The committee is made up of the vicar, the wardens, the treasurer plus one other PCC member. During 2023 the standing committee conducted business by email with resolutions reported to the next PCC meeting.
## _**Finance Committee**_
This committee consists of the vicar, a church warden, two elected PCC members and the treasurer. It meets on a quarterly basis to monitor overall income and expenditure in the Parish, prepare the budget and advise the PCC on relevant issues.
## _**Site Committee**_
The committee consists of the vicar and church wardens, plus a number of others appointed for their expertise and experience. This group has responsibility for general management and capital expenditure for the building, Health and Safety and rentals of the church. They also organise regular maintenance mornings for the upkeep of the site. There were six meetings of the committee during the year
## _**Missions Team**_
This group seeks to put into practice the mission part of the church’s Mission and Outreach Policy, including making recommendations regarding the church’s missionary giving.
## _**Ministry Team (Operations Team)**_
The Ministry Team shares in leadership of the church alongside the PCC. It is comprised of the clergy, staff, Readers and office volunteers. It is chaired by the vicar and meets weekly, though some members only come once a month for a meeting of the full team. Whilst the PCC sets the overall strategy, the Ministry Team deals with issues and plans events on an operational level. To reflect this, in 2024 it has been renamed the 'Operations Team'.
Other groups exist on an ad hoc basis to deal with specific matters.
5
## **Financial Review**
We have seen strong giving in 2023, a new legacy received in the year and a £10k increase in the estimate of the legacy first accounted for in 2022. The PCC acknowledges with great thanks the generosity of church members. We are also grateful for grants received in the year; from Birmingham City Council and Thrive Birmingham for our Warm Welcome work and from the St Martins Trust who contributed towards the costs of young people attending the Satellites event in August 2023.
Total income in the financial year to 31 December 2023 was £245,709, there was a surplus of income over expenditure and an increase in total funds carried forward of £15,491 (in 2022 a surplus of £44,370). The accounts split income and expenditure into General Fund, Designated Funds and Restricted Funds; in 2023 the Finance committee reviewed the designated funds held by the church and PCC approved the transfer of some designated funds to general fund which is our main fund, details of funds are provided in notes 7 and 9.
## _General Fund_
The General Fund showed a surplus of £10,218 (2022 deficit £4,919) before taking into account the transfers from designated funds.
In 2023 regular donations to the general fund, our largest source of income, were almost £16,000 higher than 2022; our lettings income was £2,000 lower than in 2022 but bank interest was £4k higher. The majority of the total income to the general fund was given by members of the congregation, the PCC is grateful for all giving and notes that there were 2 large one off donations in the year.
Our expenditure through the general fund was £181,411 (2022: £170,376); a number of costs were higher in 2023 but the largest increase was the cost of utilities where historic fixed rate contracts came to an end at a time of much higher market prices.
The PCC allocates 10% of the previous year’s voluntary General Fund income to Mission Giving at home and overseas. During 2023 our total giving was £15,560 details of mission giving over £1,000 is set out in note 10 to the financial statements.
## _Designated Funds_
Within designated reserves the charity has three significant reserves at 31 December 2023. The Legacies Fund is represented by £60k in cash and £36k of accrued legacies and the trustees have approved budgets to spend £55k on specific projects. At 31-12-23 the Fixed Asset Fund represents the cost of solar panels less the depreciation which is charged each year.
The Refurbishment Fund was created at the end of 2012 to provide for repairs, maintenance or upgrades required to the building. Income of £4,433 was received this year (2022: £4,503). Refurbishment expenditure in the year included new LED lighting £2,208 and repairs to the gents toilets £1,284, depreciation of £768 was charged. The level of the Refurbishment Fund at the year-end was £37,759.
A designated Warm Welcome Fund exists for gifts arising where the use was not restricted.
## _Restricted Funds_
In 2023 there were three restricted funds. The Building Fund is closed to further donations; the cost of the building is being depreciated over 50 years and depreciation of £23,040 was charged in the year.
Following an appeal to fund the employment of a Children’s and Families’ Missioner all income arising is accounted for in a restricted CFM fund. The income in the year of £3,450 was used towards the CFM employment costs, there is a zero balance in the fund at the year end and the fund has been closed following the resignation of the CFM during 2023.
An appeal was made for the congregation to contribute to support people across the community initially during the winter of 2022-23, the work is continuing into 2024. This initiative became known as Warm Welcome so a restricted fund was created to account for gifts and grants received against which relevant expenditure has been charged.
6
## _Reserves Policy_
The PCC policy is to maintain a balance on unrestricted general funds which cover fixed assets and represent three to six months’ anticipated payments. This provides cover for any emergency situations that may arise from time to time. The level of general fund reserves in net current assets at 31 December 2023 (£78,700) represents between 4 to 5 months’ anticipated payments, based on the total expenditure budgeted for 2024.
The financial position of the church is built around our Christian faith. We are a community worshipping the Lord Jesus Christ in a building designed for that purpose and for the use of the wider community. Our congregation through personal giving contribute most (this year 73%) of our general fund income with the balance coming from rental income and fees paid by service users. We budget our expenditure each year to ensure that a prudent approach is taken to expenditure but this is a matter of faith that the Lord will continue to provide through giving and other sources of income.
## _Investment policy_
The trustees’ policy is to invest funds in easy access and low risk bank accounts and similar deposits.
## **Funds Held as Custodian Trustee on Behalf of Others**
Christ Church Selly Park has received £4,025 (including £1,500 from Christ Church) and paid £6,647 as agent on behalf of the local Christians Against Poverty Debt Centre. Christ Church is one of the local churches that together support the CAP South Birmingham Debt Centre. CAP is passionate about releasing people in our nation from a life sentence of debt, poverty and their causes. It works with local churches to bring good news, hope and freedom. The cash balance held at 31 December 2023 by Christ Church on behalf of CAP South Birmingham was £3,070 (2022: £5,692).
## **Plans for future periods**
2024 will begin with a teaching series on our vision and mission, and the formation of a Prayer Team to help lead us in prayer individually and together. We will also explore starting a youth discipleship mentoring scheme, and run more courses for those seeking to know more about the Christian faith. We hope and pray that these things and more will help us build on the work we have been doing for years to be more focused on making, growing and sending disciples of Jesus.
The PCC has also begun to approve expenditure from the generous legacies we have received in the past couple of years. We will be supporting mission trips to Kenya, one of young leaders in a gap year with UCCF, refurbishing our kitchen, refreshing and replacing more of our sound and visual system, etc. The planned expenditure covers approximately half of the value of the legacies, conversations about how to use the rest are ongoing.
We will continue to explore appropriate models of oversight, decision making and accountability - identified as a key issue by the structures working group.
This report was approved by the PCC on 19 March 2024 and signed on its behalf by Graham Romp, Lay Chair of the PCC
## G Romp
7
## **Independent Examiner’s Report to the Parochial Church Council of Christ Church Selly Park**
I report to the trustees on my examination of the accounts of the Parochial Church Council of Christ Church Selly Park (“the Church”) for the year ended 31 December 2023.
## **Responsibilities and basis of report**
As the charity trustees of the Church 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 Church’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
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 Church 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.
Signed: _Teresa Fennell_
Date: 24 March 2024 Teresa Fennell, Chartered Institute of Management Accountants
It Doesn't Have to Cost the Earth Ltd 47 St Dunstan’s Close, Worcester, WR5 2AJ
8
## **Statement of Financial Activities**
## **For the year ended 31 December 2023**
|**Statement of Financial Activities**
**For the year ended 31 December 2023**|||
|---|---|---|
|INCOME FROM:
Income from donations and legacies
2(a)
Income from charitable activities
2(b)
Investment income
2(c)
Other income
2(d)
Total income
EXPENDITURE ON:
Expenditure on charitable activities
3
Total expenditure
Net income/expenditure
before transfers between funds
Transfer between funds
7
Net movement in funds
RECONCILIATION OF FUNDS:
Funds brought forward
Funds carried forward|Restricted
General
Designated
Funds
Fund
Funds
TOTAL
£
£
£
£
151,844
38,136
8,299
198,279
32,938
7,168
477
40,583
5,191
5,191
1,656
1,656
191,629
45,304
8,776
245,709
181,411
17,863
30,944
230,218
181,411
17,863
30,944
230,218
10,218
27,441
-22,168
15,491
4,595
-4,595
0
14,813
22,846
-22,168
15,491
223,919
155,013
921,193
1,300,125
238,732
177,859
899,025
1,315,616
Year ended 31 December 2023
Unrestricted funds|Year ended
31/12/2022
TOTAL
£
212,666
41,812
1,123
500|
|||256,101|
|||211,731|
|||211,731|
|||44,370
0|
|||44,370
1,255,755|
|||1,300,125|
The notes on pages 11 to 19 form part of these financial statements
9
|**Balance Sheet at 31 December 2023**
**.**
Note
**Assets and liabilities**
FIXED ASSETS
Tangible fixed assets for charity use
6
CURRENT ASSETS
Debtors
Income tax reclaimable
Rental debtors
Prepayments and accrued income
Total debtors
Cash at bank and in hand
Short term deposits
Total current assets
CURRENT LIABILITIES
Creditors due within one year
Accruals and deferred income
Total creditors due within one year
NET CURRENT ASSETS
NET ASSETS
**Represented by funds**
Unrestricted Funds
General fund
Designated Funds
Restricted Funds
Total Funds
7|2023
£
665
3,715
39,240
43,620
186,289
229,909
-13,601
-13,601|2023
£
1,099,308
216,308
1,315,616
238,732
177,859
899,025
1,315,616|2022
£
7,602
4,407
66,137
78,146
114,405
192,551
-12,065
-12,065|2022
£
1,119,639
180,486|
|---|---|---|---|---|
|||||1,300,125|
|||||223,919
155,013
921,193|
|||||1,300,125|
Approved by the Parochial Church Council on 19th March 2024 and signed on its behalf by:
## G Romp
Graham Romp - Lay Chair of PCC and Churchwarden The notes on pages 11 to 19 form part of these financial statements
10
**Notes to the Financial Statements For the year ended 31 December 2023**
## **1 ACCOUNTING POLICIES**
## **Basis of preparation**
The PCC is a public benefit entity within the meaning of Financial Reporting Standard 102 ("FRS 102"). The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, the Regulations' "true and fair view" provisions, together with FRS 102 as the applicable accounting standard and the second edition of Accounting and Reporting by Charities: the Statement of Recommended Practice (Charities SORP (FRS 102)).
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church-related groups that owe their main affiliation to another body or those that are informal gatherings of church members.
## **Going concern**
Christ Church is dependent upon the regular donations of its members. Excluding the £31,000 legacy income there was a deficit in 2023 of £15,000, however the balance sheet remains strong with £83,296 of net current assets in the Parish General Fund at the year end. The PCC considers that Christ Church, Selly Park is a going concern.
## **Funds**
Please see note 9 which explains changes to funds in 2023 and provides details of all funds at the year end.
Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.
A restricted fund is formed when expenditure can only be used for the purposes specified.
## **Income**
Collections and other forms of giving are recognised when received by the PCC. Income tax recoverable on Gift Aid donations is recognised when the donation is received.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount is quantifiable and its ultimate receipt by the PCC is probable. Grants which relate to plant and equipment are recognised at the same rate as the assets are depreciated. Residual legacies, where the full legacy has not been received, are estimated based on the latest assets and liabilities statement; a deduction is made, normally of up to 20% of the estimated amounts, to represent uncertainty .
Funds raised by events are accounted for gross.
Rental income from the letting of church premises is recognised when the rental is due. Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the same accounting period.
## **Expenditure**
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Common Fund is accounted for when paid.
## **Employee Benefits - Pensions**
The costs of post employment benefits are recognised as a liability and an expense. Where applicable the pension expense is charged to the designated or restricted fund which bears the relevant employee costs, or to the general fund. Employees of Christ Church are entitled to be members of one of two pension schemes both of which are accounted for as defined contribution schemes. Details are provided in note 14.
11
**Notes to the Financial Statements (continued) For the year ended 31 December 2023**
## **1 ACCOUNTING POLICIES (CONTINUED)**
## **Fixed assets**
All property, plant and equipment is recognised at cost less any accumulated depreciation and any accumulated impairment losses. Property is depreciated on a straight line basis over 50 years.
Plant and equipment are depreciated on a straight line basis over 4 - 20 years. Individual (or grouped) items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.
Land is not depreciated unless there is a permanent impairment. No cost information is available for the land on which the church building is located and so it is included at deemed cost of £150,000 being its value transferred on creation of the Parish in 2004.
## **Current assets**
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.
Short term deposits include cash held on deposit with either the CBF Church of England Funds or at the bank, as well as small balances of petty cash.
|**2**
**INCOME**
2(a) Income from donations and legacies
Monthly standing orders
Other regular giving
One off and occasional giving
Cash collections
Sundry donations
Income tax recoverable
Grants
Legacies
2(b) Income from charitable activities
Church lettings
Fees and similar receipts
2(c) Investment income
Bank interest
2(d) Other income
Insurance claims
Surplus on sale of Fixed Assets
Total income|Restricted
General
Designated
Funds
Funds
Funds
TOTAL
£
£
£
£
111,766
3,642
2,810
118,218
6,085
6,085
10,326
1,335
110
11,771
495
40
535
1,260
205
1,919
3,384
21,912
957
920
23,789
997
2,500
3,497
31,000
31,000
151,844
38,136
8,299
198,279
30,344
30,344
2,594
7,168
477
10,239
32,938
7,168
477
40,583
5,191
5,191
5,191
0
0
5,191
827
827
829
829
1,656
0
0
1,656
191,629
45,304
8,776
245,709
Year ended 31 December 2023
Unrestricted funds|Year ended
31/12/2022
TOTAL
£
103,397
5,932
12,796
383
1,677
22,850
631
65,000|
|---|---|---|
|||212,666|
|||32,442
9,370|
|||41,812|
|||1,123|
|||1,123|
|||500
0|
|||500|
|||256,101|
12
**Notes to the Financial Statements (continued) For the year ended 31 December 2023**
|**EXPENDITURE**
Expenditure on charitable activities
Ministry: Common Fund
Clergy expenses
Clergy property expenses
Church:
Utilities
Insurance
Maintenance
Cleaning and similar costs
Upkeep of services
Training and recognition
Children's work
Youth work
Staff costs
Costs of trading, refreshments
Website, printing and publicity
Professional costs and music licences
Governance costs
Depreciation
Other administration and office costs
Church and mission overseas
Home missions, parish evangelism & events
Other charitable giving
Total expenditure|Restricted
General
Designated
Funds
Funds
Funds
TOTAL
£
£
£
£
61,117
61,117
2,627
2,627
1,190
1,190
14,311
330
14,641
1,794
1,794
9,747
3,983
13,730
6,746
6,746
1,805
1,805
1,209
1,209
148
148
1,125
1,007
1,286
3,418
55,858
1,600
3,450
60,908
1,053
5,432
6,485
1,540
1,540
1,269
1,269
710
710
1,170
3,520
23,040
27,730
2,432
2,432
11,751
1,802
13,553
2,309
138
3,168
5,615
1,500
51
1,551
181,411
17,863
30,944
230,218
Year ended 31 December 2023
Unrestricted funds|Year ended
31/12/2022
TOTAL
£
61,000
1,366
941
8,480
1,636
6,275
6,551
1,689
2,696
326
894
60,290
5,929
2,935
869
1,080
26,786
2,264
12,405
4,073
3,246|
|---|---|---|
|||211,731|
## **3 EXPENDITURE**
|**STAFF COSTS**
Wages and salaries
National Insurance
Pension costs (see note 14)|Year ended
31/12/2023
£
57,766
2,873
60,639|Year ended
31/12/2022
£
53,593
-229
3,161|
|---|---|---|
|||56,525|
The average number of people employed by the PCC in the year was 6 (2022: 5). The PCC employed an administrator, pastoral leader, a baby and toddler club leader, a caretaker and until 31 October a youth worker & children’s and families' missioner.
**4**
13
**Notes to the Financial Statements (continued) For the year ended 31 December 2023**
## **5 TRUSTEES AND RELATED PARTY TRANSACTIONS**
No Trustee received any form of remuneration or other benefit from the parish in the year (2022: none).
As part of its insurance policy the church pays for trustee indemnity insurance.
Donations of £31,117 (2022: £32,789) were received from PCC members and their spouses.
The parish paid Revd. Ben Green the following expenses in 2023:
Mileage paid at diocesan rates of 45p per mile (30p per mile outside the Diocese) £671
Broadband & telephone costs £357, books £408
Vicarage water rates paid by the parish amounted to £810.
Becky Parnell's husband is a trustee of "THEN" a UK charity through whom the PCC made gifts (in 2023 £1,194 and in 2022 £933) for teacher training and medical work in Nepal.
There were no further related party transactions during the year.
|**6**
**FIXED ASSETS FOR USE BY THE PCC**
Freehold land
**Tangible fixed assets**
and buildings
£
Actual/deemed cost
At 1 January 2022
1,360,986
Additions
Disposals
At 31 December 2022 / 1 January 2023
1,360,986
Additions
Disposals
At 31 December 2023
1,360,986
Depreciation
At 1 January 2022
221,123
Charge for the year
25,820
Disposals
At 31 December 2022 / 1 January 2023
246,943
Charge for the year
25,968
Disposals
At 31 December 2023
272,911
Net book value
At 31 December 2023
1,088,075
At 31 December 2022
1,114,043|**6**
**FIXED ASSETS FOR USE BY THE PCC**
Freehold land
**Tangible fixed assets**
and buildings
£
Actual/deemed cost
At 1 January 2022
1,360,986
Additions
Disposals
At 31 December 2022 / 1 January 2023
1,360,986
Additions
Disposals
At 31 December 2023
1,360,986
Depreciation
At 1 January 2022
221,123
Charge for the year
25,820
Disposals
At 31 December 2022 / 1 January 2023
246,943
Charge for the year
25,968
Disposals
At 31 December 2023
272,911
Net book value
At 31 December 2023
1,088,075
At 31 December 2022
1,114,043|Church
equipment
£
93,027
4,968|Total
£
1,454,013
4,968
0|
|---|---|---|---|
||1,360,986
1,360,986
221,123
25,820|97,995
7,399
-3,669
101,725
91,433
966|1,458,981
7,399
-3,669|
||||1,462,711|
||||312,556
26,786
0|
||246,943
25,968
272,911
1,088,075
1,114,043|92,399
1,762
-3,669
90,492
11,233
5,596|339,342
27,730
-3,669|
||||363,403|
||||1,099,308|
||||1,119,639|
The freehold land and buildings comprise the land of the Christ Church site and the direct construction costs of the Christ Church building. The land is held on behalf of the PCC by Birmingham Diocesan Trustees Registered as Custodian Trustees because the PCC is not permitted by law to be the registered owner of land.
The level of capitalised interest included within the cost of Freehold land and buildings is £18,040 (2022: £18,040.)
14
## **Notes to the Financial Statements (continued) For the year ended 31 December 2023**
|**7**
**FUNDS**
Unrestricted Funds
Parish General Fund
Property Fund (Land - see note 1)
Designated funds
Youth Fund
Baby and Toddler Club
Lunch Club
Monday Fellowship
Philippians Fund
Coffee Mates
Encounter/Bolivia Fund
Refurbishment Fund
Warm Welcome Fund
Legacies Fund
Fixed Assets Fund
Evangelism Fund
Restricted Funds
Building Fund
Warm Welcome Fund
Events and Appeals
CFM Fund
Total Funds
**_Comparative figures - 2022_**
Unrestricted Funds
Parish General Fund
Property Fund (Land - see note 1)
Designated funds
Youth Fund
Baby and Toddler Club
Lunch Club
Monday Fellowship
Philippians Fund
Coffee Mates
Encounter/Bolivia Fund
Refurbishment Fund
Warm Welcome Fund
Legacies Fund
Solar Panels Fund (now Fixed Assets Fund)
Community
B1 Fund
Restricted Funds
Building Fund
Warm Welcome Fund
CFM Fund
Total Funds
see note 9 for details|At 1 Jan 23
£
73,919
150,000
**223,919**
1,065
251
2,468
18
3,069
1,078
826
38,429
5,070
65,000
34,460
3,279
**155,013**
922,100
-907
0
**921,193**
1,300,125
At 1 Jan 22
£
77,685
150,000
227,685
1,065
84
2,423
162
2,406
1,069
826
34,694
0
36,800
0
3,441
82,970
945,100
0
945,100
1,255,755|Income
£
191,629
**191,629**
1,007
2,585
3,655
928
1,502
4,433
194
31,000
**45,304**
4,849
477
3,450
**8,776**
245,709
Income
£
165,957
165,957
181
2,511
3,036
188
1,313
1,431
250
4,503
5,070
65,000
188
83,671
1,543
4,930
6,473
256,101|£
-181,411
**-181,411**
-1,007
-2,610
-3,897
-18
-928
-1,802
-5,103
-2,400
-98
**-17,863**
-23,040
-3,168
-1,286
-3,450
**-30,944**
-230,218
Expenditure
£
-170,376
-170,376
-181
-2,344
-2,991
-332
-650
-769
-250
-768
-2,340
-188
-162
-10,975
-23,000
-2,450
-4,930
-30,380
-211,731
Expenditure|Transfers
£
4,595
**4,595**
-1,065
-226
-2,226
-1,078
**-4,595**
**0**
0
Transfers
£
653
653
-653
-653
0
0|At 31 Dec 23
£
88,732
150,000|
|---|---|---|---|---|---|
||||||**238,732**|
||||||0
0
0
0
3,069
0
526
37,759
5,264
96,000
32,060
3,181|
||||||**177,859**|
||||||899,060
774
-809
0|
||||||**899,025**|
||||||1,315,616|
||||||At 31 Dec 22
£
73,919
150,000|
||||||223,919|
||||||1,065
251
2,468
18
3,069
1,078
826
38,429
5,070
65,000
34,460
0
3,279|
||||||155,013|
||||||922,100
-907
0|
||||||921,193|
||||||1,300,125|
15
## **Notes to the Financial Statements (continued) For the year ended 31 December 2023**
|**8**
**ANALYSIS OF NET ASSETS BY FUND TYPE**
At 31 December 2023
Fixed assets for church use
Current assets
Current liabilities
Funds
_At 31 December 2022_
Fixed assets for church use
Current assets
Current liabilities
Funds|General
Designated
Funds
Funds
£
£
155,436
44,812
96,088
133,047
-12,792
238,732
177,859
£
£
154,578
42,961
80,458
112,093
-11,117
-41
223,919
155,013
Unrestricted funds|Restricted
Funds
£
899,060
774
-809
899,025
£
922,100
-907
921,193|Total
£
1,099,308
229,909
-13,601|
|---|---|---|---|
||||1,315,616|
||||£
1,119,639
192,551
-12,065|
||||1,300,125|
- **9 FUNDS**
In preparing these accounts the trustees have reviewed all funds and provide this summary: **Unrestricted funds:**
The Parish General Fund is used to pay for the running costs and maintenance of the church, non-clergy staff, the Diocesan Common Fund, building insurance, clergy housing and other parish expenses.
The Property Fund represents the deemed cost of land transferred on creation of the Parish in 2004. Land is not depreciated unless there is a permanent impairment.
Designated funds are unrestricted; they represent amounts designated by the PCC for specific purposes.
- a. The Refurbishment Fund provides for any repairs, maintenance or upgrades to the building
- b. The Legacies Fund is the fund into which new legacies are posted. Subsequent expenditure will be charged to this fund or where appropriate transfers made to other funds
- c. The Fixed Assets Fund (previously Solar Panels Fund) is a fixed asset fund created after a legacy and gifts.
- d. The Warm Welcome designated fund was created for unrestricted gifts which were motivated by the warm welcome initiative
- e. The Philippians Fund is a support fund to be spent at the discretion of the vicar
- f. The Evangelism Fund (previously B1 Fund) was created when the donors expressed the wish that the unrestricted gift be used for Mission, Evangelism and Prayer Retreat activities.
- g. The PCC has taken the view that our Youth work and the activities of Monday Fellowship, Baby and Toddler Club, Lunch Club and Coffee Mates are all integral aspects of the mission of the church and therefore closed the funds and transferred the balances at 31 December 2023 to the general fund.
## **Restricted funds:**
- a. Gifts made specifically for the re-building of Christ Church were included in the Building Fund. The fund is now a fixed asset fund against which annual depreciation of the building is charged.
- b. The CFM Fund covered some of the costs of our Children’s and Families' Missioner. Following the resignation of the CFM the fund has been closed.
- c. Following an appeal for donations to provide hospitality and a warm space to members of the community a Warm Welcome Restricted fund was created and grants received have also been credited to this fund.
- d. An events and appeals fund has been created. Money received for specific events and appeals will be posted to this account and relevant expenditure recorded against it. At 31 December 2023 the balance represents costs expended on tickets for Satellites 2024 less amounts received to date.
16
## **Notes to the Financial Statements (continued) For the year ended 31 December 2023**
## **10 MISSION GIVING**
Expenditure in note 3 includes donations of £1,000 or more to the following charitable organisations:
||Year ended|Year ended|
|---|---|---|
||31/12/2023|31/12/2022|
||£|£|
|The TLA Charitable Trust|1,936|2,000|
|Amani Children's Home, Tanzania|1,936|2,000|
|Churches and missionaries in Bolivia (includes gifts)|2,740|2,250|
|African Interior Church|1,936|2,000|
|Barnabas Fund for Pakistan Flood appeal||1,000|
|Then for Nepal|1,194|933|
## **11 CAPITAL COMMITMENTS**
There was no capital expenditure authorised and contracted for but not provided for in the financial statements (2022: £1,440)
## **12 OPERATING LEASE COMMITMENTS**
Operating lease commitments at the year end, which relate to plant and equipment, comprise:
|Payments due between one and two years
Payments due in less than one year|2023
£
480
480|2022
£
960
480|
|---|---|---|
|||1,440|
## **13 INDEPENDENT EXAMINER**
The amount payable to the independent examiner for the year is £650 (2022: £610.)
## **14 PENSION BENEFITS**
Employees are normally part of the auto enrolment compliant Birmingham Diocesan Board of Finance Group Pension Scheme however where employees transfer from employment of the Diocese under the TUPE regulations membership may be of the Church Workers Pension Fund. The assets of the schemes are held separately from those of the charity.
## **DIOCESE OF BIRMINGHAM SCHEME**
The diocese provides a defined contribution Friends Life Flexible Retirement Account group pension scheme. The pensions cost charged to the Statement of Financial Activities in the year was £361 (2022 £312).
## **CHURCH WORKERS PENSION FUND ("CWPF")**
Christ Church participated in the Pension Builder Scheme section of CWPF for lay staff who transferred from employment by the Diocese. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the scheme separately from those of Christ Church and the other participating employers.
The CWPF has a section known as the Defined Benefits Scheme, a deferred annuity section known as Pension Builder Classic and a cash balance section known as Pension Builder 2014.
## **Pension Builder Scheme**
The Pension Builder Scheme of the CWPF is made up of two sections, Pension Builder Classic and Pension Builder 2014, both of which are classed as defined benefit schemes, Christ Church uses only the 2014 element.
Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65.
There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and this means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the Statement of Financial Activities in the year are contributions payable of £2,512 (2022 £2,849). Christ Church's last active member left this scheme on 31st October 2023 and the CWPF confirmed on 21st November 2023 that the parish has no further liabilities to the scheme.
17
**Notes to the Financial Statements (continued) For the year ended 31 December 2023**
## **15 DETAILED COMPARATIVE FIGURES**
## **STATEMENT OF FINANCIAL ACTIVITIES together with details of income and expenditure (see notes 2 and 3)**
|INCOME FROM:
see details below
Income from donations and legacies
Income from charitable activities
Investment income
Total income
EXPENDITURE ON:
see details next page
Expenditure on charitable activities
Total expenditure
Net income/expenditure
before transfers between funds
Transfer between funds
Net movement in funds
RECONCILIATION OF FUNDS:
Funds brought forward
Funds carried forward
INCOME
See Note 2
Income from donations and legacies
Monthly standing orders
Other regular giving
One off and occasional giving
Cash collections
Sundry donations
Income tax recoverable
Grants
Legacies
Income from charitable activities
Church lettings
Fees & similar receipts
Investment income
Bank interest
Other income
Insurance claims
Surplus on sale of Fixed Assets
Total income|Restricted
General
Designated
Funds
Funds
Funds
TOTAL
£
£
£
£
129,501
76,692
6,473
212,666
34,833
6,979
0
41,812
1,123
0
0
1,123
165,457
83,671
6,473
255,601
170,376
10,975
30,380
211,731
170,376
10,975
30,380
211,731
-4,919
72,696
-23,907
43,870
653
-653
0
0
-4,266
72,043
-23,907
43,870
227,685
82,970
945,100
1,255,755
223,419
155,013
921,193
1,299,625
£
£
£
£
96,061
3,636
3,700
103,397
5,932
5,932
5,712
5,456
1,628
12,796
145
238
383
507
1,170
1,677
20,694
1,011
1,145
22,850
450
181
631
65,000
65,000
Year ended 31 December 2022
Unrestricted funds|Restricted
General
Designated
Funds
Funds
Funds
TOTAL
£
£
£
£
129,501
76,692
6,473
212,666
34,833
6,979
0
41,812
1,123
0
0
1,123
165,457
83,671
6,473
255,601
170,376
10,975
30,380
211,731
170,376
10,975
30,380
211,731
-4,919
72,696
-23,907
43,870
653
-653
0
0
-4,266
72,043
-23,907
43,870
227,685
82,970
945,100
1,255,755
223,419
155,013
921,193
1,299,625
£
£
£
£
96,061
3,636
3,700
103,397
5,932
5,932
5,712
5,456
1,628
12,796
145
238
383
507
1,170
1,677
20,694
1,011
1,145
22,850
450
181
631
65,000
65,000
Year ended 31 December 2022
Unrestricted funds|Restricted
General
Designated
Funds
Funds
Funds
TOTAL
£
£
£
£
129,501
76,692
6,473
212,666
34,833
6,979
0
41,812
1,123
0
0
1,123
165,457
83,671
6,473
255,601
170,376
10,975
30,380
211,731
170,376
10,975
30,380
211,731
-4,919
72,696
-23,907
43,870
653
-653
0
0
-4,266
72,043
-23,907
43,870
227,685
82,970
945,100
1,255,755
223,419
155,013
921,193
1,299,625
£
£
£
£
96,061
3,636
3,700
103,397
5,932
5,932
5,712
5,456
1,628
12,796
145
238
383
507
1,170
1,677
20,694
1,011
1,145
22,850
450
181
631
65,000
65,000
Year ended 31 December 2022
Unrestricted funds|Restricted
General
Designated
Funds
Funds
Funds
TOTAL
£
£
£
£
129,501
76,692
6,473
212,666
34,833
6,979
0
41,812
1,123
0
0
1,123
165,457
83,671
6,473
255,601
170,376
10,975
30,380
211,731
170,376
10,975
30,380
211,731
-4,919
72,696
-23,907
43,870
653
-653
0
0
-4,266
72,043
-23,907
43,870
227,685
82,970
945,100
1,255,755
223,419
155,013
921,193
1,299,625
£
£
£
£
96,061
3,636
3,700
103,397
5,932
5,932
5,712
5,456
1,628
12,796
145
238
383
507
1,170
1,677
20,694
1,011
1,145
22,850
450
181
631
65,000
65,000
Year ended 31 December 2022
Unrestricted funds|
|---|---|---|---|---|
|||||255,601|
|||||211,731|
|||||211,731|
|||||43,870
0|
|||||43,870
1,255,755|
|||||1,299,625|
|||||£
103,397
5,932
12,796
383
1,677
22,850
631
65,000|
||129,501|76,692|6,473|212,666|
||32,442
2,391|6,979||32,442
9,370|
||34,833|6,979|0|41,812|
||1,123|||1,123|
||500|||500
0|
||500|0|0|500|
||165,957|83,671|6,473|256,101|
18
**Notes to the Financial Statements (continued) For the year ended 31 December 2023**
## **15 DETAILED COMPARATIVE FIGURES Continued STATEMENT OF FINANCIAL ACTIVITIES**
|EXPENDITURE
See note 3
Expenditure on charitable activities
Ministry: Common Fund
Clergy expenses
Clergy property expenses
Church:
Utilities
Insurance
Maintenance
Cleaning and similar costs
Upkeep of services
Training and recognition
Children's work
Youth work
Staff costs
Costs of trading, refreshments
Website, printing and publicity
Professional costs and music licences
Governance costs
Depreciation
Other administration and office costs
Church and mission overseas
Home missions, parish evangelism & events
Other charitable giving
Total expenditure|Restricted
General
Designated
Funds
Funds
Funds
TOTAL
£
£
£
£
61,000
61,000
1,366
1,366
941
941
8,480
8,480
1,636
1,636
6,275
6,275
6,551
6,551
1,689
1,689
2,362
130
204
2,696
326
326
713
181
894
54,130
1,230
4,930
60,290
1,097
4,472
360
5,929
2,082
162
691
2,935
869
869
1,080
1,080
678
3,108
23,000
26,786
2,246
18
2,264
12,155
250
12,405
2,700
196
1,177
4,073
2,000
1,246
3,246
Unrestricted funds
Year ended 31 December 2022|
|---|---|
||170,376
10,975
30,380
211,731|
19