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← The Parochial Church Council Of The Ecclesiastical Parish Of Christ Church Ware

2023-12-31-accounts

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CHRIST CHURCH WARE

TRUSTEES REPORT AND ACCOUNTS FOR YEAR ENDING

31 DEC 2023

For presentation and approval at The ANNUAL PAROCHIAL CHURCH MEETING on WEDNESDAY 15[th] MAY 2024

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CONTENTS
REFERENCE AND ADMINISTRATIVE DETAILS 2
TRUSTEES’ REPORT 4
VICAR’S REPORT 3
STRUCTURE, GOVERNANCE AND MANAGEMENT
4
OBJECTIVES AND ACTIVITIES 5
REVIEW OF VISION, ACHIEVEMENTS AND PERFORMANCE
6
CHURCH WARDENS AND FABRIC REPORT 8
YOUTH MINISTRY 10
PLANS FOR FUTURE PERIODS 10
FINANCIAL REVIEW 11
INDEPENDENT EXAMINERS REPORT 15
STATEMENT OF FINANCIAL ACTIVITIES 16
BALANCE SHEET 17
CASH FLOW STATEMENT 18
NOTES TO THE ACCOUNTS 19

REFERENCE AND ADMINISTRATIVE DETAILS

TRUSTEES

Revd John L W Hookway Mr Gary Parkes Revd Marcus Hart Mrs Lucy Davies - Church Warden Mr Samuel Woodward Mr Richard Marlow - Church Warden

Mrs Diana Perkins Mr Allan Ross Mr Peter Yates Ms Mary Salter Mr David Lowrie Mrs Monique Mathys-Graaff Mrs Isobel Smith

SECRETARY AND TRUSTEE

Mr David Briggs

TREASURER AND TRUSTEE

Mrs Samantha Rich

OFFICE Christ Church Office New Road, Ware Herts SG12 7BS

INDEPENDENT EXAMINER

Archie McDowall BA CA Stewardship 1 Lamb’s Passage London EC1Y 8AB

BANKS

CAF Bank Lloyds Bank 25 Kings Hill Ave 5-6 Market Place Kings Hill Hertford West Malling Herts Kent ME19 4JQ SG14 1DF

REGISTERED CHARITY NUMBER

1129563

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VICAR’S REPORT

Our church has an amazing history of God’s faithfulness to us and our ability to serve the community of Ware and beyond.

At the heart of our faith is the gospel - the good news of Jesus, which enables all to have a relationship with God and for our faith to transform the world around us.

Throughout the past year, we have enabled many to explore the faith, through Alpha, Easter Explored with over 1200 primary school children, services, OCCA day, life groups and other courses, to name but a few.

Our youth and children’s work has continued to grow, with young people playing an active role in areas of ministry, as well as successful Join-In events for children, parents and carers including additional SEN sessions.

We continue to support our community, through CAP debt advice, Toddlers, coffee mornings, Oasis, along with other activities and support for our older members now home bound or in care homes.

In December, we had over 4,000 people through our building including a great community partnership event with the PSA, Schools, Scouts and ourselves, alongside special and regular services.

The number of volunteers serving and having opportunities to explore their gifts, is something for which we are truly grateful.

As God is faithful to us, we are called to ‘ continue in what you have learned and have become convinced of, because you know those from whom you learned it.’ ( 2 Timothy 3:14) We are thankful to all who have helped Christ Church over the years to become what it is today, still sharing the gospel ‘How beautiful are the feet of those who bring good news’ (Romans 10:14) and playing our part in transforming the community, as we have been exploring through our Romans course.

Behind everything we do is prayer and a trust in God “Not by might nor by power, but by my Spirit.” Zechariah 4:6

As we have just celebrated our 165th birthday, we can give thanks for all that has been, as is shown in this annual report, but we can also continue to look forward with excitement for all that God has for us in the years to come.

With my thanks to all who support Christ Church Ware in any way.

God bless

John

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TRUSTEES’ REPORT

The Members of the Parochial Church Council (the 'PCC'), who are the charity's trustees for the purposes of charity law, have pleasure in presenting their report together with the financial statements for the year.

The report takes account of the requirement for Trustees to report annually on public benefit and the Trustees have had regard to the Charity Commission’s guidance on public benefit.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Parochial Church Council (PCC) (“the Charity”) was established in 1858 and is governed by two pieces of Church of England Legislations (called measures). These are The Parochial Church Council (Powers) Measure 1956 as amended and The Church Representation Rules. Additionally the Trustees Act 2000 sets out additional duties and powers of unincorporated charities. The PCC became a registered charity on 13[th] May 2009, number 1129563. The Charity was established in 1858 to serve the parishioners of the newly formed parish of Christ Church, Ware. The Charity is funded by voluntary giving and occasional grants. We seek to continue the vision desired by the benefactor, Robert Hanbury, who financed the building of Christ Church and its associated buildings.

The PCC members are the Trustees of the Charity and they are appointed according to The Church Representation Rules.

At the regular PCC meetings, the Trustees agree the strategy and areas of activity for the Charity, including vision, mission and ministry, consideration of grant making, investment, reserves, risk management, safeguarding, premises and performance. The day to day operational requirements of the charity are delegated to the staff team, including the Vicar, Curate and Operations Manager.

The Trustees who served during the year were as follows:Revd John L W Hookway Revd Marcus Hart (appointed 07/2022) Mr Richard Marlow Mrs Lucy Davies Ms Mary Salter Mr Peter Yates Mr Samuel Woodward Mrs Samantha Rich Mr David Briggs Mrs Diana Perkins Mr Keith Chamberlain (retired 05/2023) Mr Gary Parkes Mr Allan Ross Mrs Lizzie Castle (retired 05/2023) Mr Robert Barker (retired 05/2023) Mrs Emma Davies (retired 05/2023) Mrs Isobel Smith (co-opted 05/23, elected 11/2023) Mr David Lowrie (co-opted 05/23, elected 11/2023) Mrs Monique Mathys-Graaff (co-opted 05/23, elected 11/2023)

At the 10 PCC meetings of the trustees held between January and December 2023, there was an average attendance of 73%.

The following sub-committees are appointed by the PCC:

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Day to day management of the charity is the responsibility of the staff team. Strategic direction for the charity is set by the PCC in consultation with the staff team and budgets are set and approved by the PCC.

New trustees are introduced to the responsibilities of the PCC at the beginning of their tenure. They are required to sign the Trustee eligibility and Fit and Proper Persons Declaration and complete appropriate safeguarding training and undergo an appropriate DBS check. Additionally each new PCC member is provided with a job description and “The Essential Trustee: what you need to know, what you need to do” ( Charity Commission )

Staff salaries are set by the remuneration committee, which is comprised of vicar, wardens and treasurer. Christ Church is committed to paying a Living Wage (as set by the Living Wage Foundation) to all staff and is committed to remunerating staff fairly. Relevant benchmarks are considered when reviewing staff salaries and benefits.

OBJECTIVES AND ACTIVITIES

The principal activity in the year under review was that of a Parochial Church Council to a Church of England Parish Church. Christ Church has adopted the appropriate governing documents with the primary objective of “Promoting in the Ecclesiastical Parish the whole mission of the Church”. The PCC (Powers) Measure 1956 states that the PCC is ‘To co-operate with the minister in promoting in the parish the whole mission of the church, pastoral, evangelistic, social and ecumenical’ Christ Church is committed to:

The PCC has adopted the Mission Statement “Jesus led, Spirit empowered, Grace based”.

The PCC is also responsible for maintaining church property located in the parish, namely the Church Centre and the house in Cromwell Road.

Emmanuel Shared Church is an Ecumenical Project within the parish, jointly between Christ Church, Ware and Ware Christian Fellowship. Emmanuel Shared Church members voted to close the project and this was finalised in November 2023.

Christ Church currently appoints five Foundation Governors and recommends two Diocesan Governors out of the 14 governors of Christ Church C of E (Voluntary Aided) Primary School and Nursery, and the incumbent is an ex-officio Foundation Governor.

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The PCC employs a full time Youth and Children’s Pastor and part time Assistant Pastors, Assistant Children’s Worker, Operations Manager, Parish Administrator, PA to the Vicar and Cleaner, who all support the clergy in management of the church.

VOLUNTEERS

Volunteers are vital to the effective functioning of our church. They are integral to the structure and operations of the church as a charity, and contribute strongly towards its aims and objectives. There is almost no function of the church that would operate without the support of our volunteers.

The Parochial Church Council (PCC) is composed of elected volunteers plus clergy and relies on those people giving their time and effort to make it an effective decision-making and governing body. Other volunteers support the PCC by giving their time to carry out roles which have been initiated by, or agreed with, the PCC.

Christ Church Ware has a volunteer policy that was agreed by PCC July 2019. This is reviewed annually and amended as necessary. No payment, other than the reimbursement of agreed expenses, is made by the PCC to people who give their time as volunteers.

Where there is a requirement for them to do so, i.e. working with children or vulnerable adults, volunteers are DBS checked in line with our Safer Recruitment policy.

Christ Church Ware PCC has sufficient insurance policies to cover employed staff and volunteers. The PCC ensure that all details about volunteers are handled in accordance with data protection rules under the definition of ‘personal data’ in the Data Protection Act 1998

REVIEW OF VISION, ACHIEVEMENTS AND PERFORMANCE

At all PCC meetings

The PCC continued to refine and apply the vision that Christ Church has to its work in 2023. Christ Church is a Jesus led organisation, and the activities discussed reflected the need for evangelism at their heart. The empowerment of spirit (God’s spirit) is reflected in prayer being present around decisions that were taken. The basis of grace underpins PCC discussions on the work of Christ Church, that of the clergy and volunteers, and outreach and mission.

Our statistic for mission show a year on year increase in community engagement and a recovery towards pre-COVID levels of attendance.

Jan 23 The PCC reviewed the previous year with the Strategic plan and Strategic plan tracker, and considered the plan for the year forward. The PCC reported positive moves within the membership of life groups and engagement. The PCC also reviewed the centre hire, wedding and funeral fees.

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Feb 23 Safeguarding Policy was reviewed and updated. The chair of the Mission Advisory Committee presented recommendations for the 2023 budget and was discussed widely. The treasurer gave an update as to the finances for 2022. The vicar updated PCC as to the staff and status of ESC.

Mar 23 The ‘Growing Hope’ charity opportunity was discussed and how to develop that relationship further with Christ Church. Various policies were reviewed and approved ahead of the APCM. The treasurer presented feedback from the independent examiners in advance of APCM. The Assistant Pastor (Discipleship) addressed the PCC about her new role and aspirations.

Apr 23 The Operations Manager presented to the PCC on his new role. The treasurer presented the final accounts for 2022 for adoption and approval from the PCC. The PCC discussed Trustee retirements, nominations and the requirements for PCC in advance of the APCM. It was discussed that unexpectedly high energy costs are affecting budgets and are monitored carefully.

May 23 As the first PCC after the APCM, the vicar and treasurer described the roles and responsibilities for new PCC members and the processes of the PCC, including checking for any potential conflicts of interest. Relevant roles and committees, as required by the Church Representation Rules, were appointed. The Children’s Pastor gave an update of progress and future plans.

Jun 23 The Assistant Pastor (Pastoral Care) addressed the PCC and took questions. Eco-Church was discussed with a steering group set up with the view of attaining Gold Status at CCW. CCW is currently at Silver Status. There was a discussion on communication in the church. How we do the communications and how to relay information specifically for certain groups.

Jul 23 The Treasurer reported a good financial position with continued reduction in outstanding loans. The finance committee considered the new Finance Committee charter and financial controls. The effect of ongoing high energy costs was discussed. The need to protect cash deposits within the FSCS guaranteed amount was explained. The vicar gave a staff update.

Sep 23 The Operations Manager presented to the PCC on the fabric of the church and site and the administration side of the church operation. The Curate updated the PCC on Alpha and its progress and successes. He also commented on his first year of service here. CAP would be celebrating its 10th Anniversary soon.

Oct 23 The PCC welcomed the Christ Church School Head Teacher and 2 governors. OFSTED report is a ‘Good’ school. The school has several challenges with finances from lockdown and falling numbers the biggest impact. The school values the input and support from CCW. There was a period of open reflection.

Nov 23 The Treasurer presented the budget for 2024. After discussion it was unanimously approved. New bank accounts would be opened to minimise risk. The feedback from reflection were discussed. The curate updated progress with Alpha. Three co-opted trustees were now elected under rule M18. This was approved by PCC. The Christmas program was discussed.

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ELECTORAL ROLL AND CHURCH ATTENDANCE

The Electoral Roll was revised in 2023. There were 228 names on the Electoral Roll as reported at the APCM.

During the year, 6 babies under a year old were baptised plus 3 children over one year old but less than 13 years old and 1 adult. There was one confirmation.

There were no weddings held in the church during 2023 and there was one wedding blessing. There were 5 funerals held in the church with 4 funerals conducted at a crematorium or cemetery.

324 People received communion on Easter day with 423 attending on Easter Day and Easter Eve. 275 received communion on Christmas Day and Christmas Eve, with 688 attending any service on Christmas Eve and Christmas Day. The Average attendance for a usual Sunday was 193 adults with 52 under 16s.

CHURCH WARDENS AND FABRIC REPORT

Christ Church, Ware continues to be blessed by God in many ways. 2023 has been a year, where we have enjoyed new ways to use our modern and refurbished building. We’ve seen growth, the new staff team have found their feet and we have welcomed many new people through our doors.

Over the last year we have also celebrated, the renovations of the church with no debt, 10 years’ of running the CAP debt centre, the Ordination service for 4 Curates and continued ministries such as Toddlers, Oasis and Wednesday Welcome.

Church buildings and Services

We continue to enjoy the flexibility of the Christ Church building using it for Sunday morning and evening Services, Friday morning Café and Service of the Word, Join-In events for children during school holidays, use by Life Groups and discipleship courses.

Easter and Christmas Services were back to pre-covid numbers of attendance and new Christmas services were started. With live streaming of the 10.30am Sunday service we provide those unable to attend in person, the opportunity to be part of the worship. Thanks to all those who support the Sunday services including service leaders, worship groups, tech team and coffee servers.

Organisations in the local community have continued to use the church for various events. We have also offered it to other churches in the area and the Diocese, for conferences and away days.

Building fabric – being recently refurbished the building continues to be in good order. However work over the last year has included minor roof repairs, a pump in the boiler has been fixed, carpet cleaning taken place, fire systems maintained and repaired. The Quinquennial Report which is reviewed by the Operations Manager and PCC has laid out some non-urgent work required to the site.

Work during the year is either carried out by volunteers or, where necessary, issues are referred to the PCC for the engagement of suitable professionals.

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Legacy project and Missions giving - As part of major building projects Christ Church promised to tithe ten percent of the gifts for the benefit of other charitable organisations. From regular giving we also give ten per cent annually to support missions abroad and other charities. In the last year through the Legacy Groups recommendation the PCC allocated the first tranche of giving which has helped the provision of wheelchair equipment to support those with spinal injuries (International Nepal Fellowship), teaching skills for people to start new businesses and have independence (Kira Farm in Uganda) and water wells have been provided for remote communities (Family Link Myanmar).

With thanks to Reverend John Hookway, Christ Church Vicar

As Christ Church continues to be led by God, with development and growth of the church, the role of our vicar, Rev. John Hookway, continues to evolve. The church has moved from an incumbent with a small staff to one having a significant part-time staff team supporting the mission and ministry. Thank you, John, for your strong leadership at Christ Church, your teaching and over the last year, and training of new members of the staff team. We give thanks for you and your family’s continued ministry with us.

Curate Marcus Hart, has been in part of the leadership team since July 22, with his wife and daughter. He has played an integral part of supporting young adults and 20-30’s to have a place to belong and welcoming newcomers with courses such as Alpha. Whilst continuing his training with us he has been a key driver in building community and in the Seven service, encouraging youth to develop leadership skills in worship, leading or teaching.

Operations Manager Our Operations Manager has been with us for over a year now and has settled into the role. Dealing with day-to-day management of buildings, office, staff and operations he is an integral part of the staff team.

Assistant Pastors The Wardens give thanks to St Albans’ Diocese for continuation of the financial grant that has allowed us to employ our assistant pastors. The pastors provide support for the vicar taking on areas of specific responsibility in discipleship and pastoral care allowing Christ Church to grow in these areas and provide support to other parishes.

Treasurer and Finance Committee Our thanks to Sam Rich (supported by the Finance committee) for all her work as treasurer, her knowledge, advice and updates being a key part to our PCC meetings, monitoring budgets and financial planning for the future.

Childrens and Youth team We continued to be blessed by a strong provision of activities and teaching for children’s and youth. Headed up by Jess, our Youth and Children’s pastor, we give thanks for her and all on the team that give their time to nourish and enrich the lives of our young people.

Other Staff, office volunteers, MADD and PCC Our thanks go to the rest of the staff team and those that help volunteer in the office. MADD men that help with upkeep of the Church building and grounds. PCC for their dedication and hard work over the year.

Volunteers and Giving We have to say thank you to you members of Christ Church for both financial giving and giving of your time. All our ministries here are supported by members of this Church family. Thank you for those who give their time to support God's work, to volunteer,

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welcome and provide sufficient numbers to maintain all the activities, at Christ Church. It is appreciated and valued by the whole church community!

Lucy Davies & Richard Marlow Church Wardens

YOUTH MINISTRY

We have lots to celebrate and give thanks for in our children’s and youth ministry this year. We continue to have 5 groups that run on a Sunday morning for age 0 to school year 9, a group for Year 10-13s on a Sunday evening and our Wednesday evening group which is for those in Year 7- 13. It is great to be able to provide these different spaces for our young people to connect in. Attendance at these groups is fairly regular which is encouraging and we have had new people join us.

Easter Explored - Last Easter we transformed the church into scenes from the Easter Story and had 8 schools come and visit as well as the youth group and some life groups. It was amazing to see the church work together to make this event happen so successfully and is something we could look to do again in the future.

Assistant Children’s Pastor - We welcomed our new assistant children’s pastor to the team in April 23 before she went on maternity leave in July. On her return it will be great for me to have this additional support and be able to grow our children’s ministry and better support our wonderful team of volunteers.

Join In- We are continuing with our half term Join In events which are going well and proving to be very popular. We have moved from one day to two days and this enables us to run four sessions, one of which is an SEN session. The SEN session has been appreciated by several families. The increase of sessions has helped with the popular demand but the event still becomes fully booked very quickly. Although we could look at putting in another session on one of the days, we do not have the team to make this happen.

Youth Weekend Away - The youth are looking forward to going on another weekend away in March. Last year we had lots of fun together with 24 young people coming away with us. Both the young people and leaders enjoy being in a different space together as often this provides opportunities for deeper conversations and connections to happen as well as being a fun space to continue to build relationships and make some fun memories of their time in the youth group. Schools - It has been such a blessing to continue to lead assemblies in Christ Church, Larkspur and Priors Wood. All three schools are very welcoming and open to a Christian message being shared. It was great to be able to welcome Priors Wood into church for a Christmas service and also encouraging to be invited up to Larkspur to share in an RE lesson this Easter. I was also invited into Presdales School again for a Christmas assembly which I did with Talitha Hookway.

Jess Cole Youth and Children’s Pastor

PLANS FOR FUTURE PERIODS

The trustees continue to focus on implementing the strategic plan we believe God has called us to steward in this season and the trustees review this plan at least annually. The Assistant Pastors have added capacity to review and support several areas of church life, such as pastoral care and volunteer support. The church’s IT strategy continues to move forward with upgrading of computer hardware and the implementation of a new church database. All of which is being

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implemented in stages and will enable the technology to be better tailored to the needs of the leadership team and the wider church.

FINANCIAL REVIEW

During the year income increased by £140,000, to £577,000, and expenditure increased by £25,000, to £363,000. As a result surplus for the year increased by £115,000, to £214,000 and the charity's net assets increased by the same amount, to £793,000. Net current assets increased by £123,000, to £415,000.

General funds had a surplus of £16,000 which has ensured the PCC complies with its reserves policy. The Diocese assessed Christ Church’s Parish Share for 2023 as £114,590 which was paid in full and separately provided a grant of £25,000 to the PCC to continue to employ the assistant pastors.

Following the closure of Emmanuel Shared Church, the PCC received a share of the funds held by Emmanuel. These funds have been designated for use in community and mission projects and also in buildings in line with the prior allocation of the funds. The termination agreement also allows for de-restriction of funds previously held from the rental of 124 King George Road and these have also been designated for use in community and mission.

The development fund is no longer in deficit and pledges have been received which will enable the remaining loan to be repaid in 2024.

The PCC continues to try to look outward to the wider world and to additionally set aside funds each year to support mission partners. This figure was £23,450 for 2023 which was based on 10% of the prior year’s general giving.

INVESTMENTS POLICY

The PCC will hold its General Reserves in secure investments which are held with banks covered by the Financial Services Compensation Scheme (FSCS) and can be accessed readily.

CCW will choose the financial institutions that it deposits funds with on the basis of:

The balance held with any one institution shall not exceed the sum of the FSCS Guarantee. Funds and Financial Institutions shall be reviewed by the Finance Committee annually.

Specific longer term investments may be considered for longer term purposes where funds have been given to meet future expenditure. The finance committee may recommend investments to the PCC subject to a minimal level of investment risk. Investments should be in line with the Church of England’s ethical investment policies and may include pooled funds.

Beyond general reserves with CAF and Lloyds bank, the PCC holds funds with Ecology Building Society, Kingdom Bank and Cambridge and Counties Bank.

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FUNDRAISING

The PCC does not routinely engage in general fundraising activities and all ministries are generously supported by members of the church community.

RESERVES POLICY

The PCC have determined that the charity should aim to hold unrestricted cash of no less than £82,000 (which equates to about 3 months’ of unrestricted expenditure) so that the charity could continue to operate should income and/or expenditure vary adversely. At the year end, the charity had net current assets that are not subject to any restrictions or designations of £89,000 and is complying with its reserves policy.

FUNDS IN DEFICIT

There are no funds in deficit.

ON-GOING FINANCIAL COMMITMENTS

At the date of this report the PCC confirms that each fund has sufficient assets to fulfil its obligations.

KEY RISKS AND UNCERTAINTIES

In common with other churches and charities the PCC faces risks be they operational, financial or reputational. The PCC has considered the major areas of risk, which include reputational, operational and financial, to which it is exposed, measuring both the likelihood and impact of a particular event or action and has established systems to mitigate those risks. This will involve regular reviews in identification, assessment and monitoring.

Income Volatility : Christ Church relies on a limited number of funding sources, such as grants, donations, or fundraising events. Fluctuations in these income streams can pose a significant risk. The PCC finance sub-committee regularly investigate and assess trends in these funding sources. Financial Reserves : Failing to maintain prudent financial reserves is a risk. Christ Church has a Reserves policy and ensures that the policy is followed.

Financial Management and Reporting : Christ Church adheres to proper financial accounting procedures, timely reporting, and transparency. The Treasurers report is a standing item at PCC meetings.

Assessing Financial Viability : The PCC finance sub-committee meets 4 times a year to review and assess the income sources, expenses, and overall financial viability of the charity and report back to the PCC.

Cybersecurity and Fraud : Christ Church PCC has adopted a data protection policy. This policy is reviewed annually taking in to account trends and changes to regulation and law. Investment Risks : The PCC has an Investments policy that is adhered to and is reviewed regularly.

SAFEGUARDING

The PCC has a legal obligation under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). The trustees received regular updates throughout the year in regard to

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safeguarding matters from the Diocese and Thirty one Eight pertinent to their roles and responsibilities. The PCC has Safeguarding as a standing item with information shared as required and the trustees receive a safeguarding update from the Operations Manager on at least a semiannual basis.

PUBLIC BENEFIT

The Trustees have complied with the duty to have due regard to the public benefit guidance published by the Charity Commission.

TAXATION STATUS

The PCC is an exempt charity for taxation purposes as a church is defined as a place of worship under Place of Worship Act 1855.

OTHER MATTERS

The last quinquennial inspection was held September 2021. No significant immediate work was required at that time. Having reviewed the report the PCC have determined that some work is required during the course of the current quinquennial. The expected costs have not been fully determined but sufficient funds have been set aside.

STATEMENT OF RESPONSIBILITIES OF MEMBERS OF THE PAROCHIAL CHURCH COUNCIL

The PCC is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Charity law requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the PCC are required to:

The PCC is responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the Charity and financial information included on the Charity’s website.

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EXEMPTION FROM AUDIT

The charity is entitled to exemption from audit under Section 145 of the Charities Act 2011 and in accordance with directions given by the Commissioners under section 145 (5) (b).

Approved by the Trustees and signed on their behalf by:

John Hookway Samantha Rich

Rev John Hookway Samantha Rich

Date: 4 May 2024

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INDEPENDENT EXAMINER'S REPORT

TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF

CHRIST CHURCH WARE

('the Charity')

I report to the members of the PCC (who are also the charity's trustees) on my examination of the accounts of the Charity for the year ended 31 December 2023 on pages 16 to 30 following, which have been prepared on the basis of the accounting policies set out on page 19.

Responsibilities and basis of report

As members of the PCC 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 Charity’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

Since the Charity’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 of Scotland, 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 Charity 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.

Archie McDowall

Archie McDowall BA CA

Institute of Chartered Accountants of Scotland

Stewardship 1 Lamb's Passage London EC17 8AB

Date: 10 May 2024

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CHRIST CHURCH WARE PCC

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Raising funds
Total expenditure
Net income/(expenditure)
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 Unrestricted
Funds
£
477,289
23,634
5,898
506,821
328,461
-
328,461
178,360
38,943
217,303
272,377
489,680		 Restricted
Funds
£
69,832
1,109
-
70,941
28,403
-
28,403
42,538
(38,943)
3,595
36,999
40,594		 Endowment
Funds
£
-
-
-
-
6,682
-
6,682
(6,682)
-
(6,682)
270,273
263,591		 Total
Funds
2023
£
547,121
24,743
5,898
577,762
363,547
-
363,547
214,216
-
214,216
579,649
793,865		 Total
Funds
2022
£
396,602
40,456
1,051
438,109
338,568
16
338,584
99,524
-
99,524
480,125
579,649

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The notes on page 19-30 form part of these accounts.

Page 16

CHRIST CHURCH WARE PCC

BALANCE SHEET

AS AT 31 DECEMBER 2023

Note
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
11
CREDITORS: Amounts falling
due within one year
12
Net current assets / (liabilities)
Total assets less current liabilities
CREDITORS: Amounts falling due
13
after more than one year
TOTAL NET ASSETS
FUND BALANCES
16
Unrestricted Funds
General funds
Designated funds
Restricted Funds
Endowment Funds		 Unrestricted
Funds
£
109,035
109,035
14,997
373,892
388,889
(8,244)
380,644
489,680
-
489,680
102,434
387,245
489,680
-
-
489,680		 Restricted
Funds
£
5,502
5,502
490
55,407
55,897
(20,805)
35,092
40,594
-
40,594
-
-
-
40,594
-
40,594		 Endowment
Funds
£
263,591
263,591
-
-
-
-
-
263,591
-
263,591
-
-
-
-
263,591
263,591		 Total
Funds
2023
£
378,128
378,128
15,487
429,299
444,786
(29,049)
415,737
793,865
-
793,865
102,434
387,245
489,680
40,594
263,591
793,865		 Total
Funds
2022
£
388,525
388,525
14,599
331,208
345,808
(53,684)
292,124
680,649
(101,000)
579,649
86,305
186,071
272,377
36,999
270,273
579,649

The financial statements were approved by the members of the PCC on ………………………. and were signed on its behalf by:4 May 2024

John Hookway Samantha Rich
--------------------------------------- ---------------------------------------
John Hookway Samantha Rich
Charity number: 1129563

The notes on page 19-30 form part of these accounts.

Page 17

CHRIST CHURCH WARE PCC

FOR THE YEAR ENDED 31 DECEMBER 2023

CASH FLOW STATEMENT

Cash flows from operating activities:
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of property, plant and equipment
Net cash provided by/(used in) investing activities
Cash flows from financing activities:
Repayments of borrowing
Net cash provided by/(used in) financing activities
Analysis of changes in net debt:
Cash
Loans:
Falling due within one year
Falling due after one year
Total net funds / (debt)
Cash and equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Change in cash and equivalents in the reporting period		 Note
a
b
b
At start of
[Any non-cash
year
movements]
£
£
331,208
(36,000)
(101,000)
194,208
-		 2023
£
209,192
5,898
-
5,898
(117,000)
(117,000)
98,091
331,208
429,299
Cash-flows
£
98,091
(16,000)
(101,000)
(18,909)		 2022
£
137,625
1,051
(1,533)
(483)
(62,600)
(62,600)
74,543
256,665
331,208
At end of
year
£
429,299
(20,000)
-
409,299

CHRIST CHURCH WARE PCC FOR THE YEAR ENDED 31 DECEMBER 2023 NOTES TO THE CASH FLOW STATEMENT

Note a: Reconciliation of net income/(expenditure) to net cash flow from operating activities
Adjustments for:
Depreciation charges and provisions for impairment
Dividends, interest and rents from investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by (used in) operating activities
Note b: Analysis of cash and cash equivalents
Cash at bank with immediate access
Notice deposits (with a term of twelve months or less)
Petty cash
Total cash and cash equivalents
Net income/(expenditure) for the reporting period (as per the statement of financial
activities)		 2023
£
214,216
10,397
(5,898)
(888)
(8,634)
209,192
2023
£
258,988
170,271
40
429,299		 2022
£
99,524
11,378
(1,051)
16,368
11,406
137,625
2022
£
331,168
-
40
331,208

Page 18

CHRIST CHURCH WARE PCC

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

1 Statutory Information

The Parochial Church Council of the Ecclesiastical Parish of Christ Church Ware is a charity registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention. The financial statements include all activities for which the PCC is legally responsible; the activities of informal gatherings of church members and groups that owe their main affiliation to another body and are excluded.

These financial statements have been prepared in accordance with The Church Accounting Regulations 2006, 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") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The PCC 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 PCC have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the PCC have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The PCC 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 (which includes planned giving, collections and other donations) 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 by, or on behalf of, the PCC. 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 and legacies includes:

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 they cannot be reliably measured.

When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church and centre hire and rental of 10 Cromwell Road during the period it is unoccupied by a curate as well as rental of 124 King George Road.

Page 19

CHRIST CHURCH WARE PCC

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

The charity has taken the view that it has only one charitable activity, namely the advancement of the Christian faith, and all income from donations, legacies and charitable activities is in respect of this one activity.

c) Expenditure

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 required and the amount of the obligation can be measured reliably.

Contributions in respect of the diocesan parish share are included in the Statement of Financial Activities for all amounts agreed to being payable for the financial year. Any contributions that have not been paid over by the year end are included as a creditor.

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.

The Charities SORP requires charities with income over £500,000 to allocate costs to the various activities undertaken by the charity. The nature of the work of the church is considered to be so integrated that the core charitable activity costs are considered to be for the one activity.

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 PCC in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the PCC 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. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.

e) Intangible fixed assets

The cost of software is capitalised and amortised on a straight line basis over its expected useful life, which is expected to be 5 years.

f) Tangible fixed assets

Consecrated and beneficed property is not included in these financial statements by virtue of s.10(2) of the Charities Act 2011. All expenditure on consecrated or beneficed buildings is written off in the year in which it is incurred.

Movable church furnishings held by the incumbent and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised in accordance with the policy set out below. These items are regarded as inalienable property and are listed in the church's inventory which can be inspected at any reasonable time. Inalienable property acquired prior to 2000 has not been capitalised as there is insufficient cost information available.

The church halls and certain clergy accommodation are held in trust by the Diocese on behalf of the PCC. These properties are essential for the mission of the church and have been in use for many years but they have not been included in these financial statements as there is insufficient cost information and their depreciated cost is unlikely to be material.

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 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 Freehold improvements Over the expected useful life Equipment 25% of written down value

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.

Page 20

CHRIST CHURCH WARE PCC

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

g) Leased assets

Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term (unless another systematic basis is more representative of use).

h) 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.

i) Taxation

The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

j) Financial instruments

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).

k) Critical accounting estimates and areas of judgement

3 Donations and legacies

Donations of cash and similar
Distribution of Emmanuel Shared Church Assets
Other grants receivable
Income tax recoverable		 2023
£
302,504
162,229
32,666
49,723
547,121		 2022
£
333,837
-
6,365
56,401
396,602

4 Income from charitable activities

PCC Fees
Church and Centre Hire
Rent - Cromwell Rd & King George Rd
Events
Other income		 2023
£
1,595
9,544
1,109
2,882
9,612
24,743		 2022
£
4,090
6,560
17,530
3,085
9,191
40,456
Bank interest 2023
£
5,898
5,898		 2022
£
1,051
1,051

Page 21

CHRIST CHURCH WARE PCC

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

6 Charitable expenditure

a
Costs incurred directly on specific activities
Ministry expenses:
Parish share
Ministry staff employment costs
Clergy expenses
Other ministry expenses
Mission & Evangelism projects
Training costs
Property expenses:
Church running expenses
Church maintenance
Church utility bills
Church Centre running costs
Other PCC property upkeep
Major repairs church
Major repairs to other buildings
Operational costs for vicarage
Grants payable (note 6c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Administrative staff employment costs
Office expenses
Subscriptions and professional fees
Depreciation of tangible fixed assets
Loss on disposal of tangible fixed assets
Insurance
Total expenditure		 2023
£
114,590
61,362
2,353
10,949
14,607
2,079
205,939
4,933
4,021
19,581
16,493
4,857
-
-
141
50,026
30,071
286,035
2,760
2,760
45,579
9,546
2,701
10,025
372
6,528
77,511
363,547		 2022
£
87,622
66,111
1,978
8,519
18,668
1,242
184,139
4,107
4,420
9,951
13,407
15,894
-
-
101
47,880
52,538
284,557
1,560
1,560
23,952
8,831
2,093
11,264
114
6,198
54,011
338,568

Fees payable to Stewardship other than for independent examination services totalled £nil (2022: £nil)

c Grants payable

Grants for UK and overseas mission
Grants for education, including ministry training
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
Grants for education, including ministry training		 Institutions
£
25,571
4,500
30,071
Institutions
£
46,398
4,500
50,898		 Individuals
£
-
-
-
Individuals
£
1,640
-
1,640		 2023
£
25,571
4,500
30,071
2022
£
48,038
4,500
52,538

Page 22

CHRIST CHURCH WARE PCC

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

The charity's principal grants to institutions comprised:

Legacy Project - Green Pastures Hospital via INF
Legacy Project - Amigos Interational
Legacy Project - Family Link Myanmar
Future Hope
Jews for Jesus - Harvey
CPAS
TEAR Fund
Interserve Urban Vision - Lynch
OM - DeLima
Dust Project
Christ Church School
Avail - Subhedi
Grants to institutions for less than £1,000 each		 2023
£
-
-
1,000
1,025
4,900
1,350
3,400
4,600
3,500
1,750
4,500
3,000
1,046
30,071		 2022
£
11,500
9,000
-
1,125
5,200
1,350
5,063
4,900
4,200
-
4,500
3,000
1,060
50,898

d Other

29 hampers (approx. value £1305) were distributed, as agent, to CAP clients from goods donated by members of Christ Church and Hertford Baptist Church and Hertford Foodbank. (2022: 31 hampers (approx. value £1240))

7 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses

Gross wages and salaries
Social security
Pension costs		 2023
£
107,450
244
8,231
115,925		 2022
£
90,446
504
6,326
97,276

The average monthly number of employees during the year was 7.75 (2022: 6.2) Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

During the year key management received employment benefits totalling £51,138 (2022: £48,255).

Rev John Hookway and Rev Marcus Hart (who are clergy members of the PCC) receive a stipend from the Diocese and so they are not employees; some of the Parish Share paid to the Diocese is used to meet the cost of this stipend. They are provided with accommodation (which is customary for clergy) and the cost of this accommodation to the PCC is disclosed in note 6 'Charitable Expenditure'. The charity also reimbursed expenses to Rev John Hookway and Rev Marcus Hart; again these costs are disclosed in note 6 'Charitable Expenditure' under the heading 'Clergy expenses'.

No member of the PCC received employment benefits in either the current or preceding year.

8 Acting as agent

On occasion the charity receives money on behalf of other charities, which it banks and then pays out to these charities. This income is received as agent for these other charities and the income, and the related payments, are excluded from the Statement of Financial Activities; any money that has not been distributed by the year end is recognised as a creditor.

During the year the charity acted as agent for Acts435 and, in that capacity:

Page 23

CHRIST CHURCH WARE PCC

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

9 Tangible fixed assets

Cost
At 1 January
Additions
Disposals
At 31 December
Accumulated depreciation
At 1 January
Charge for the year
Eliminated on disposal
At 31 December
Net book value
At 31 December
At 1 January		 Land &
buildings
£
394,826
-
-
394,826
20,046
6,682
-
26,728
368,098
374,780		 Plant &
equipm't
£
33,071
-
(383)
32,688
20,959
2,998
(262)
23,695
8,993
12,112		 Fixtures,
fittings
£
3,091
-
(2,638)
453
2,948
20
(2,576)
393
60
143		 Office
equipm't
£
3,488
-
(1,201)
2,287
1,998
325
(1,013)
1,311
976
1,490		 Total
2023
£
434,476
-
(4,222)
430,254
45,951
10,025
(3,850)
52,126
378,128
388,525

The curate's house is carried at historical cost of £96,000. However, if there was a need to liquidate this asset, it is likely it could be sold for c.£450,000.

10 Debtors

Falling due within one year:
Trade debtors
Tax recoverable
Other debtors
Prepayments and accrued income
Total debtors
at Bank and in Hand
Cash at bank with immediate access
Notice deposits (with a term of twelve months or less)
Petty cash		 2023
£
858
12,489
735
1,405
15,487
2023
£
258,988
170,271
40
429,299		 2022
£
1,173
10,888
1,357
1,181
14,599
2022
£
331,168
-
40
331,208

11 Cash at Bank and in Hand

12 Creditors: liabilities falling due within one year

Trade creditors
Taxation and social security
Other creditors
Accruals
Loans
Grant obligations		 2023
£
2,728
897
1,159
4,265
20,000
-
29,049		 2022
£
3,909
718
2,306
5,688
36,000
5,063
53,684

Page 24

CHRIST CHURCH WARE PCC

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

13 Creditors: amounts falling due after more than one year

Loans 2023
£
-
-		 2022
£
101,000
101,000

14 Loans

The liabilities for loans referred to in notes 12 and 13 fall due for repayment as follows:

Repayable:
Within one year
Between one and five years
After five years		 Otherwise
than by
instalments
-
-
-
-		 By
instalments
20,000
-
-
20,000		 2023
£
20,000
-
-
20,000		 2022
£
36,000
61,000
40,000
137,000

The loans are interest free and unsecured; they must be repaid in full on or before the final maturity date.

15 Pension commitments

During the year employer’s pension contributions totalling £8,231 (2022: £6,325) were payable to defined contribution personal pension schemes. Pension contributions of £707 are owing at the balance sheet date (2022: £172).

Page 25

CHRIST CHURCH WARE PCC

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

16 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Events
Building Project
Cromwell Road
Associate Pastor
Community and Mission
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Development
Vicar & Church Wardens
Major Repairs & Renewals
LoveWare:LiveWare
Oasis
KGR Rent
Women's Ministry
Christians Against Poverty
Pastoral Care
Youth Work
Children's Work
Mission Funds
Outreach Ministries
Ukraine Support
Endowment Funds
Church centre and car park
Aggregate of funds		 Opening
balance
2023
£
(2)
25,900
96,160
64,013
-
186,071
86,305
272,377
(43,231)
6,479
4,159
408
321
37,834
49
22,147
384
1,898
5
5,931
108
507
36,999
270,273
270,273
579,649		 Incoming
resources
2023
£
2,882
130,188
-
-
32,041
165,111
341,710
506,821
46,607
106
-
-
108
1,109
-
9,900
-
4,000
7,791
1,071
-
250
70,941
-
-
577,762		 Outgoing
resources
2023
£
(2,881)
-
-
-
-
(2,881)
(325,581)
(328,461)
(2,955)
(731)
(3,522)
-
(123)
-
(49)
(11,567)
(157)
-
(7,795)
(1,121)
-
(384)
(28,403)
(6,682)
(6,682)
(363,547)		 Transfers
in the year
2023
£
-
-
-
-
38,943
38,943
-
38,943
-
-
-
-
-
(38,943)
-
-
-
-
-
-
-
-
(38,943)
-
-
-		 Gains and
losses
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2023
£
-
156,088
96,160
64,013
70,984
387,245
102,434
489,680
421
5,854
637
408
307
-
-
20,481
226
5,898
-
5,881
108
373
40,594
263,591
263,591
793,865

The transfers referred to above were made for the following reasons:

a) £38,943 was unrestricted and transferred to general funds as part of the termination agreement of Emmmanuel Shared Church. These funds have been designated for Community and Mission

Page 26

CHRIST CHURCH WARE PCC

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

General
Designated
funds
funds
£
£
Tangible fixed assets
12,875
96,160
Debtors
14,598
399
Cash at bank and in hand
82,753
291,138
Creditors falling due within one year
(7,792)
(452)
102,434
387,245
In the previous year the movements in the charity's funds were as follows:
Opening
Incoming
Outgoing
balance
resources
resources
2022
2022
2022
£
£
£
Designated Funds
Events
-
3,085
(3,087)
Building Project
39,600
-
-
Cromwell Road
96,160
-
-
Assistant Pastor
54,013
-
-
189,773
3,085
(3,087)
General Unrestricted Funds
89,784
267,576
(274,705)
Total Unrestricted Funds
279,557
270,661
(277,792)
Restricted Funds
Development
(151,610)
131,381
(23,002)
Vicar & Church Wardens
6,537
942
(1,000)
Major Repairs & Renewals
7,373
-
(3,214)
LoveWare:LiveWare
408
-
-
Oasis
85
236
-
KGR Rent
26,099
13,306
(1,570)
Women's Ministry
49
-
-
Christians Against Poverty
24,169
10,844
(12,866)
Pastoral Care
399
-
(16)
Youth Work
2,185
-
(287)
Children's Work
5
2,997
(2,997)
Leaving Gifts
-
37
(37)
Mission Funds
7,915
5,454
(7,488)
Outreach Ministries
-
1,000
(892)
Ukraine Support
-
1,250
(743)
(76,387)
167,447
(54,111)
Endowment Funds
Church centre and car park
276,955
-
(6,682)
276,955
-
(6,682)
Aggregate of funds
480,125
438,109
(338,584)
Unrestricted Funds		 Restricted
funds
£
5,502
490
55,407
(20,805)
40,594
Transfers
in the year
2022
£
-
(13,700)
-
10,000
(3,700)
3,650
(50)
-
-
-
-
-
-
-
-
-
-
-
-
50
-
-
50
-
-
-		 Endowment
funds
£
263,591
-
-
-
263,591
Gains and
losses
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2023
£
378,128
15,487
429,299
(29,049)
793,865
Closing
balance
2022
£
(2)
25,900
96,160
64,013
186,071
86,305
272,377
(43,231)
6,479
4,159
408
321
37,834
49
22,147
384
1,898
5
0
5,931
108
507
36,999
270,273
270,273
579,649

Page 27

CHRIST CHURCH WARE PCC

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Unrestricted Funds

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year
Creditors falling due after one year		 General
funds
£
14,635
12,517
76,775
(17,621)
-
86,305		 Designated
funds
£
96,160
-
89,911
-
-
186,071		 Restricted
funds
£
7,457
2,083
164,522
(36,063)
(101,000)
36,999		 Endowment
funds
£
270,273
-
-
-
-
270,273		 2022
£
388,525
14,599
331,208
(53,684)
(101,000)
579,649

Designated Funds

Events - set aside for away days etc

Building Project - funds set aside for building and grounds repairs and maintenance.

Cromwell Road - fund holding original investment into 10 Cromwell Road

Assistant Pastor - funds designated for employing the Assistant Pastors to be spent as required Community and Mission - funds designated for expenditure in these areas in line with the original source of funds Restricted Funds

Development - to hold funds collected towards redeveloping Christ Church buildings and facilities

Vicar & Church Wardens - to assist members of the congregation in a crisis situation Major Repairs & Renewals- for repairs and renewals to the buildings and grounds LoveWare:LiveWare - for managing the funds associated with the community work of the Ware churches Oasis - to hold funds for the group for single parents

KGR Rent - income from King George Road property, associated costs and costs for ESC's pastoral worker. Women's Ministry - to hold gifts for running women's ministry events

Christians Against Poverty - for funds towards supporting the Ware Christians Against Poverty partnership Pastoral Care - to hold gifts given to fund pastoral care

Youth Work - to hold gifts given to fund Christ Church's work with young people

Children's Work - to hold funds given to support Christ Church School and Children's worker Leaving Gifts - to hold funds collected as a gift to those moving on to a new ministry

Mission Funds - to hold gifts given to support missionary organisations and those going on short term mission Outreach Ministries - to hold a grant given to support the community in Ware

Ukraine Support - to hold funds raised to support those fleeing Ukraine

Endowment Fund

The endowment funds represent work carried out on the church centre and car park (completed in 1998). These are treated as endowment because either the PCC may not sell those properties or, if the PCC were allowed to sell the properties, then the Diocese would require the proceeds of the sale to be expended on other building projects.

Annually the members of the PCC set aside some of the charity's income for grant giving to institutions and individuals who undertake activities that further the charity's own objects. It is anticipated that all of the funds designated for this purpose will be distributed within 3 years. In 2023 the amount set aside was £0 (2022 £50)

Page 28

CHRIST CHURCH WARE PCC

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

17 Transactions with related parties

During the year the charity:

During the year the charity also made the following payments to, or for, related parties:

18 Events since the year-end

None to report

Page 29

CHRIST CHURCH WARE PCC

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Raising funds
Total Expenditure
Net income/(expenditure)
Transfers between funds
16
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
16		 General
2023
£
315,060
20,752
5,898
341,710
325,581
-
325,581
16,129
-
16,129
86,305
102,434
Unrestric		 Unrestric Designated
2023
£
162,229
2,882
-
165,111
2,881
-
2,881
162,231
38,943
201,174
186,071
387,245
ted funds		 Restricted
2023
£
69,832
1,109
-
70,941
28,403
-
28,403
42,538
(38,943)
3,595
36,999
40,594		 Endowment
2023
£
-
-
-
-
6,682
-
6,682
(6,682)
-
(6,682)
270,273
263,591		 Total
2023
£
547,121
24,743
5,898
577,762
363,547
-
363,547
214,216
-
214,216
579,649
793,865		 General
2022
£
242,461
24,065
1,051
267,576
274,705
-
274,705
(7,129)
3,650
(3,479)
89,784
86,305
Unrestric		 Designated
2022
£
-
3,085
-
3,085
3,087
-
3,087
(2)
(3,700)
(3,702)
189,773
186,071
ted funds		 Restricted
2022
£
154,142
13,306
-
167,447
54,094
16
54,111
113,337
50
113,387
(76,387)
36,999		 Endowment
2022
£
-
-
-
-
6,682
-
6,682
(6,682)
-
(6,682)
276,955
270,273		 Total
2022
£
396,602
40,456
1,051
438,109
338,568
16
338,584
99,524
-
99,524
480,125
579,649

Page 30