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

2024-12-31-accounts

CHRIST CHURCH WARE

TRUSTEES REPORT AND ACCOUNTS FOR YEAR ENDING

31 DEC 2024

For presentation and approval at The ANNUAL PAROCHIAL CHURCH MEETING on WEDNESDAY 21[st] MAY 2025

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CONTENTS

REFERENCE AND ADMINISTRATIVE DETAILS 2
TRUSTEES’ REPORT 3
STRUCTURE, GOVERNANCE AND MANAGEMENT
3
OBJECTIVES AND ACTIVITIES 5
VICAR’S REPORT 7
CHURCH WARDENS AND FABRIC REPORT 9
PLANS FOR FUTURE PERIODS 11
FINANCIAL REVIEW 11
INDEPENDENT EXAMINERS REPORT 14
STATEMENT OF FINANCIAL ACTIVITIES 15
BALANCE SHEET 16
NOTES TO THE ACCOUNTS 17

REFERENCE AND ADMINISTRATIVE DETAILS TRUSTEES

Revd John L W Hookway Revd Marcus Hart Mr Richard Marlow – Church Warden Mrs Diana Perkins Mrs Monique Mathys-Graaff – Church Warden Mr Paul Davies Mr Peter Yates Mr Robert Barker Mr Samuel Woodward Mrs Isobel Smith Mr Allan Ross Miss Mary Salter Mr David Briggs

Revd Marcus Hart Mrs Diana Perkins Mr Paul Davies Mrs Isobel Smith Miss Mary Salter

SECRETARY AND TRUSTEE

Mr David Lowrie

TREASURER AND TRUSTEE

Mrs Samantha Rich

OFFICE INDEPENDENT EXAMINER Christ Church Office Archie McDowall BA CA New Road, Ware Stewardship Herts 1 Lamb’s Passage SG12 7BS London EC1Y 8AB

INDEPENDENT EXAMINER

BANKS

CAF Bank Lloyds Bank 25 Kings Hill Ave 1 Legg Street Kings Hill Chelmsford West Malling Essex Kent ME19 4JQ CM1 1JS

REGISTERED CHARITY NUMBER

1129563

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TRUSTEES’ REPORT

The Trustees present their report and accounts for the year ended 31[st] December 2024. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity’s Trust Deed, the Charities Act 2011 and 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 the Republic of Ireland (FRS 102) issued on 16th July 2014. 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.

STATEMENT OF PAROCHIAL CHURCH COUNCIL RESPONSIBILITIES

Under the Charities Act 2011 the PCC is required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of affairs of the church. We are required to:

  1. Select suitable accounting policies and apply them consistently.

  2. Make judgements and estimates that are reasonable and prudent.

  3. State whether the policies adopted are in accordance with the Church Accounting Regulations and with applicable accounting standards.

  4. Prepare the financial statements on a going concern basis.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the church and to ensure that such accounts comply with applicable accounting standards and with the Statement of Recommended Practice and the Regulations made under Section 130 of the Charities Act 2011. We also have a responsibility to safeguard the assets of the church and to take reasonable steps for the prevention of fraud and other irregularities.

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.

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The Trustees who served during the year 2024 were as follows:-

Revd John L W Hookway Revd Marcus Hart (appointed 07/2022) Mr Robert Barker (elected 05/2024) Mrs Monique Mathys-Graaff (elected Warden 05/2024) Mr Richard Marlow (elected Warden 05/2023) Mrs Isobel Smith (elected 11/2023) Mr David Lowrie (elected 11/2024) Mr Peter Yates Mr Samuel Woodward Mrs Samantha Rich Miss Mary Salter Mrs Diana Perkins Mr Paul Davies (elected 05/2024) Mr Allan Ross Mr David Briggs Mr Keith Chamberlain (retired 05/2024) Mr Gary Parkes (retired 05/2024) Mrs Lucy Davies (retired 05/2024)

At the 10 PCC meetings of the trustees held between January and December 2024, there was an average attendance of 72.66%.

The following sub-committees are appointed by the PCC:

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.

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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.

Christ Church currently appoints five Foundation Governors and recommends two Diocesan Governors out of the 12 governors of Christ Church C of E (Voluntary Aided) Primary School and Nursery, and the incumbent is an ex-officio Foundation Governor.

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

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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 meetings

January 2024

An overall view of 2023 was discussed. The final accounts of 2023 were circulated with thanks to all for their efforts. The strategic plan and mission action plan were discussed. Wedding and funeral fees were approved.

February 2024

The operations manager gave the 6 monthly review of Safeguarding. There were no reportable safeguarding incidents. Safeguarding polices were reviewed with thanks to the many volunteers who serve in the church. The state of the building, heating and the external wall were discussed. The trees on the church site need to be pollarded and was agreed to go ahead. New IT was talked about with Church Suite data program. The treasurer reported a healthy budget. The missions budget was discussed.

March 2024

The chair of the Mission Advisory Committee presented meeting minutes about the various mission partners that the church supports with some new partners for consideration. Louise Brett shared her highlights of the past year as women’s ministry and ministry leaders. John Hookway gave a communications and vicar’s update

April 2024

Accounts and APCM report for 2023 were presented and approved in draft form. The treasurer gave a brief update and stated that the PCC is now debt free.

May 2024

Children’s worker updated the PCC on past efforts and vision for the future. The new sensory room has opened. A brief discussion on the operations was given by the chair. The new PCC was welcomed and their responsibilities outlined.

June 2024

The church trees were pollarded due the May half term. Pastoral care assistant gave an update. Bereavement journey was well received and increase in attendance to Service of the Word. The treasurer gave an update with finances with proposal for new office purchase card approved by committee. The legacy fund committee gave an update with minutes from their discussions. Suggestions for future donations were presented. Vicar updated the committee about the transition of the new head in Christ Church School. Church Suite continues to be well received. Children’s assistant has returned from maternity leave.

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July 2024

Treasurer reported the introduction of the new office card. Also reported was the need for new microphones and headsets in the church. The old are past their useful service life and are beginning to cause problems. Legacy fund looking to make recommendations at later PCC meetings. Vicar reported the retirement of the Christ Church School Head teacher

September 2024

Legacy fund committee updated PCC with recommendations for allocation of the legacy fund from the development project. A brief report from treasurer followed by an update for CAP. The operations manager gave an update with regards to the church fabric and safeguarding. There have been no reportable safeguarding issues. The vicar reported that the church had passed its Archdeacon’s Inspection.

October 2024

The new head teacher to Christ Church School addressed the PCC with a school governor and thanked the church for their financial support. Vicar updated that Curate will be on paternity leave and the Youth and Children’s worker is in Uganda. The PCC discussed the Net Zero Communication from the Church of England.

November 2024

The treasurer reported that the accounts would be expected to end the year with a surplus. The budget for 2025 was presented. After discussion it was proposed and approved by all PCC. Additionally, fees were approved for weddings/funerals and hall hire for 2025. Vicar’s sabbatical approved for 2025.

ELECTORAL ROLL AND CHURCH ATTENDANCE

The Electoral Roll was revised in February 2024. 245 names were on the Electoral Roll at APCM May 2024. 76 were resident in the parish, 169 were resident outside the parish. There will be a full Electoral Roll revision in March/April 2025.

260 of 309 attending people received Communion on Easter Day. Total attendance in Advent was 807 from the congregation and 1299 across other events. There were 199 communicants of a total of 545 attending on Christmas Day and Eve services. The average attendance for a usual Sunday was 195 adults and 50 young people.

During the year of 2024, 4 babies under a year old were baptised plus 6 children over one year old but less than 13 years old and 7 adults. There were 11 candidates confirmed in October 2024, 6 females and 5 males.

There were 3 weddings held in church and also 11 funerals followed by burial or cremation. There were 10 cremations.

VICAR’S REPORT

Our verse for the year is ‘seek first his kingdom and his righteousness and all these things will be given to you as well’ Matthew 6:33

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During the past year we have been able to celebrate many milestones in people’s lives, at the baptism and confirmation service in the heart of the service was this verse commissioning us all to seek first his kingdom and then all these things will be added unto you.

As you walk into the church you see the vine across the glass reminding us of John 16 where we are called to abide in Jesus and as we abide in Jesus we bear much fruit. As we seek Jesus’s kingdom we get to partner in his ministry in the power of his spirit.

In Luke 4:18 ‘The spirit of the Lord is on me because he anointed me to proclaim good news the poor he has sent me to proclaim freedom for the prisoners and recovery of sight for the blind to set the oppressed free’. Jesus himself pointed out how he was the fulfilment of this promise from Isaiah, which also includes binding up the broken hearted and comforting those who mourn. His church and his people are called to continue his ministry here on Earth in the power of his spirit.

As I walk onto our site I am so often amazed at how we as this community are able to be taking part in this. From proclaiming the good news in Alpha, in our services. To proclaiming the good news for the poor through CAP as we set those free from Debt and through many other ministries. Where we bind up the broken hearted in our pastoral care and our bereavement courses.

In Psalm 78 we are called to continue to pass on to the next generation the generations yet to be born. The partnership with the school continues to flourish as the baton of headship was passed on, and it is amazing how that great relationship that was started since nearly the founding of this parish continues to flourish in our day. On Sundays we are privileged with the children and young people we have and the way that serve with us, as well as its growth through the week in many forms and the connections with the other schools in our parish as well.

One of the most amazing things that we have here at the church is the number of volunteers that run and serve in so many of our ministries in different ways and is a huge thank you to all of them. This year was also a first for Christ Church as we hosted one of the ordination services for the diocese. All of us have a calling to follow Jesus and he has unique call on our lives in the way that he has gifted and made us and it is a delight to serve a community that releases all the people of God together to be fulfilled in what the Lord calls them to.

The verse in 2019 the year we did the building work, was 1 Thess 5:24 on the faithfulness of God and the song at our reopening was great is thy faithfulness. As we pause at this report and this APCM, it gives me great joy in reflecting on all the Lord is doing and it points ahead to all that he can do. My hope and prayer is that as we look, read, reflect and give thanks for God’s faithfulness, we like the prophet Habakkuk can say in Hab 3:2 ‘Lord, I have heard of your fame; I stand in awe of your deeds, Lord. Repeat them in our day, in our time make them known.’ We can say thank you and marvel at all God is doing and ask Him to continue to do more of them in our day and in the years to come. Seeing even more people coming to know Jesus, lives being changed and transformed, the broken hearted being healed and restored in Jesus.

With my prayers for our future at Christ Church and thanks to you all.

God bless, John

Rev John Hookway

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CHURCH WARDENS AND FABRIC REPORT

As Wardens we continue to be humbled by everything that God has done and continues to do at Christ Church, Ware.

Church buildings and Services

We are blessed with a flexible church building which allows a variety of services and events to be hosted. The church is used not just for the Sunday services (0900, 1030 and Seven) but also events during the week (Service of the Word, Friday morning Café, Join-in events during school holiday times), and other more adhoc type events (for example a concert was hosted this year).

We have continued to provide a live feed from the 1030 service allowing those unable to attend in person the opportunity to participate.

We give thanks for all those who sacrificially give their time in support of the Sunday services, including the service leaders, preachers, readers, intercessors, worship groups, tech team, and the life groups providing that all important tea and coffee at the end of the services, facilitating a time of fellowship. Included in this list are some of our mission partners who record the reading which we get to hear once a month.

The last quinquennial inspection was carried out in September 2021. There were no immediate works identified, although the more urgent matters were dealt with in 2021 and 2022. The two larger pieces identified are the roof and the front wall. It is felt that the roof work is not urgent and issues can be dealt with on a repair (rather than replace) basis. On the wall we have just started engaging professionals although opinions as to exactly what rectification work is required vary considerably.

Thanks to Rev John Hookway, Vicar

As wardens we witness the incredible work John does on behalf of the parish, the congregation, the Diocese and the wider community. We are very blessed that John has been called to lead in this place. We thank you for your service, your wisdom, your guidance and your patience. We are pleased that the works on the vicarage, outstanding for years, have finally been completed.

Curate Marcus Hart has been with us since 2022, alongside his wife. He continues to support John and the church in so many ways. 2025 will see Marcus complete his curacy and leave to begin his ministry elsewhere; we will be very sad to see him go. We would like to offer our congratulations to Marcus and his wife on becoming parents for a second time this year, and thank Marcus for his enthusiasm and encouragement.

Operations Manager Richard Shepherd . As wardens we are hugely grateful for the work Richard S does in keeping things running smoothly (particularly as a number of the things he does would traditionally have fallen to the wardens to do!). He manages the buildings, office, staff, diocesan correspondence, various events throughout the week and year….the list goes on. Thank you.

Assistant Pastors (Rachel Quinlan & Louise Brett) . We thank God for his provision that has allowed us to continue with Rachel and Louise as Assistant Pastors supporting specific areas of ministry, allowing a focus on those particular areas. It is always an encouragement for us when we hear their updates at PCC meetings.

Treasurer (Sam Rich) and Finance Committee . We are truly grateful to the ongoing work Sam Rich performs as treasurer, supported by the Finance Committee. We are a large church and the amount of time it takes to keep track of incomings and outgoings, along with forecasting future

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income/expenditure should not be under estimated. Sam’s wisdom, guidance and knowledge continue to be invaluable. We give thanks to both Sam and the Finance Committee for the work they do.

Children’s and Youth team . The children’s and youth work goes from strength to strength, under the leadership of Jess, supported by Lizzie. It’s been great to see that Join In (activity during school holidays) continues to flourish, and that Ignite (after school children’s activity) has started. We give thanks for all that Jess, Lizzie and the (huge) children & youth volunteer team do to nurture and encourage our young people.

Volunteers and Giving . We want to say a huge thank you to all of you who give of your time and resources. It supports so many of our ministries in the church, in the community and the wider world, and we are grateful for your faithfulness and sacrifice.

Richard Marlow & Monique Mathys-Graaff Church Wardens

YOUTH AND CHILDREN’S MINISTRY

We have lots to celebrate and give thanks for in our children’s and youth ministry this year. We have 6 groups that run on a Sunday morning for age 0 to school year 9, a group for Yr 10-13s on a Sunday evening, our Seven Service where many of the young people are involved in bands, tech, hospitality and leading and our Wednesday evening group which is a social time 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. Lizzie is a great addition to the team and has been building relationships with the children and parents as well as supporting and growing our children’s team.

The youth team has grown over the last year and has a strong team of committed people. The youth will be going on another weekend away in March. Last year 26 young people went on the weekend and we had lots of fun. Being in a different space together provides opportunities for deeper conversations and connections to happen and also helps to build relationships within the group and with the leaders.

We are exploring starting a new club called Ignite for children in Year 4-6 which is led by Lizzie. We are trying it for two dates this term and 25 children signed up to attend either one or both sessions. At our first one we had 17 children and had great fun with them, eating toast on arrival, playing games and hearing the story of Jesus calming the storm. It seems to have been well received by both the children and parents and we would love to make this a weekly group. However, in order to do this we need a team as currently we only have one volunteer and the support of Jess and Marcus which would not be sustainable on a weekly basis.

We continue to run our half term Join In events which are going well and become fully booked very quickly. We run four sessions, one of which is an SEN session. The SEN session has been appreciated by several families. It is a great way to welcome the community into the church and to provide fun activities and a Bible story.

We maintain a presence in Christ Church, Larkspur and Priors Wood schools mainly through leading assemblies. All three schools are very welcoming and open to a Christian message being

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shared. Lizzie has been getting to know some of the children at Christ Church by running games club at lunchtime. Christ Church school have been very supportive of Ignite and helping to make it a smooth connection with the school. We also were invited in to do an assembly at Presdales again for Christmas 24 and have begun conversations about doing some year group assemblies this year.

Jess Cole

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 church’s IT strategy continues to move forward with the increased adoption of Church Suite and is beginning the next phase of improving our website to be more aligned with our processes and requirements for communications. The trustees have recognized that our links with Christ Church School are vital and will continue to invest in this area as a key priority. The church continues to develop its community outreach and members’ sense of connection, as well as growing our work amongst children and young people. The physical site is continuing to be upgraded to ensure that there is growing provision for all the activities that are run and supported.

FINANCIAL REVIEW

During the year income decreased by £153,000, to £424,000, and expenditure increased by £72,000, to £436,000. This difference was due to the prior year containing one-off income. As a result, there was a decrease in funds of £12,000 compared to a surplus in the prior year of £214,000 and the charity's net assets decreased by the same amount, to £782,000. Net current assets increased by £1,000 to £416,000.

General funds had a surplus of £5,000 which has ensured the PCC complies with its reserves policy. The Diocese assessed Christ Church’s Parish Share for 2024 as £119,682 which was paid in full and separately provided a grant of £25,000 to the PCC to continue to employ the assistant pastors.

All loans in favour of the Development Fund for the redevelopment of the building have now been repaid in full.

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 £28,000 for 2024 which was based on 10% of the prior year’s general giving. Additionally, £38,000 given as part of the development fund, intended as our tithe on the project, has been distributed in 2024.

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:

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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.

RESERVES POLICY .

The PCC have determined that the charity should aim to hold unrestricted cash of no less than £87,000 (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 £95,000 and is complying with its reserves policy.

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.

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) and it complied with this duty at its meeting on the 22nd February 2021. Furthermore it intends to comply with this duty annually.

The trustees received regular updates throughout the year in regard to safeguarding matters from the diocese and Thirty one Eight pertinent to their roles and responsibilities.

PUBLIC BENEFIT

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

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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.

TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE ACCOUNTS

Law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the Charity’s financial activities during the year and of its financial position at the end of the year. In preparing these accounts the Trustees are required to:

The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and enable them to ensure that the accounts 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.

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:

Samantha Rich

John Hookway (Apr 12, 2025 14:12 GMT+1)John Hookway Samantha Rich (Apr 12, 2025 10:15 GMT+1)Samantha Rich

Date: Apr 12, 2025

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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 2024 on pages 15 to 26 following, which have been prepared on the basis of the accounting policies set out on pages 17 and 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 (Apr 16, 2025 12:00 GMT+1)

Archie McDowall Institute of Chartered Accounts of Scotland Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: 16 April 2025

Page 14

CHRIST CHURCH WARE PCC

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Total expenditure
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14		 Unrestricted
Funds
£
322,259
24,471
12,036
358,766
355,355
355,355
3,411
(7,186)
(3,775)
489,680
485,905		 Restricted
Funds
£
65,079
-
-

65,079
73,580
73,580
(8,502)
7,186
(1,316)
40,594
39,278		 Endowment
Funds
£
-
-
-
-
6,682
6,682
(6,682)
-
(6,682)
263,591
256,909		 Total
Funds
2024
£
387,338
24,471
12,036
423,844
435,617
435,617
(11,773)
-
(11,773)
793,865
782,092		 Total
Funds
2023
£
547,121
24,743
5,898
577,762
363,547
363,547
214,216
-
214,216
579,649
793,865

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 17-26 form part of these accounts.

Page 15

CHRIST CHURCH WARE PCC

BALANCE SHEET

AS AT 31 DECEMBER 2024

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
TOTAL NET ASSETS
FUND BALANCES
14
Unrestricted Funds
General funds
Designated funds
Restricted Funds
Endowment Funds		 Unrestricted
Funds
£
108,836
108,836
17,971
366,505
384,476
(7,408)
377,068
485,905
485,905
107,765
378,139
485,905
-
-
485,905		 Restricted
Funds
£
-
-
254
40,565
40,818
(1,540)
39,278
39,278
39,278
-
-
-
39,278
-
39,278		 Endowment
Funds
£
256,909
256,909
-
-
-
-
-
256,909
256,909
-
-
-
-
256,909
256,909		 Total
Funds
2024
£
365,746
365,746
18,225
407,070
425,295
(8,948)
416,347
782,092
782,092
107,765
378,139
485,905
39,278
256,909
782,092		 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

Apr 12, 2025

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

Samantha Rich

John Hookway (Apr 12, 2025 14:12 GMT+1)John Hookway Samantha Rich (Apr 12, 2025 10:15 GMT+1) ----------------------------------------------------------------------------John Hookway Samantha Rich Charity number: 1129563

The notes on page 17-26 form part of these accounts.

Page 16

CHRIST CHURCH WARE PCC

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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.

Page 17

CHRIST CHURCH WARE PCC

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

c) Expenditure

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 cost of raising funds is not significant and has not been separately disclosed.

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 Over 4 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

Page 18

CHRIST CHURCH WARE PCC

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

l) Critical accounting estimates and areas of judgement

3 Donations and legacies

ations and legacies
Donations of cash and similar
Distribution of Emmanuel Shared Church Assets
Other grants receivable
Income tax recoverable		 2024
£
305,569
-
34,450
47,319
387,338		 2023
£
302,504
162,229
32,666
49,723
547,121

4 Income from charitable activities

me from charitable activities
PCC Fees
Church and Centre Hire
Rent - Cromwell Rd & King George Rd
Events
Other income		 2024
£
3,490
10,832
-
2,317
7,832
24,471		 2023
£
1,595
9,544
1,109
2,882
9,612
24,743
Investment income
Bank interest 2024
£
12,036
12,036		 2023
£
5,898
5,898

Page 19

CHRIST CHURCH WARE PCC

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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
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		 2024
£
119,682
68,436
1,955
10,351
22,653
1,921
224,999
11,145
11,448
13,269
16,284
6,487
141
58,773
69,943
353,716
2,000
2,000
48,208
6,014
4,043
15,003
114
6,518
81,901
435,617		 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

Total expenditure

Fees payable to Stewardship other than for independent examination services totalled £nil (2023: £nil)

c Grants payable

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
£
51,629
8,104
59,733
Institutions
£
25,571
4,500
30,071		 Individuals
£
10,210
-
10,210
Individuals
£
-
-
-		 2024
£
61,839
8,104
69,943
2023
£
25,571
4,500
30,071

Page 20

CHRIST CHURCH WARE PCC

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

The charity's principal grants to institutions comprised:

Legacy Project - One Heart/Reach Beyond
Legacy Project - Latin Link
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		 2024
£
25,024
9,450
-
1,525
-
1,350
3,000
-
2,970
3,300
8,104
3,300
1,710
59,733		 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

Harvey and Lynch families continued to receive support in 2024 as individuals rather than through the mission organisation.

d Other

35 hampers (approx. value £1750) were distributed, as agent, to CAP clients from goods donated by members of Christ Church and Hertford Baptist Church and Hertford Foodbank. (2023: 29 hampers (approx. value £1305))

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

Gross wages and salaries
Social security
Pension costs		 2024
£
116,935
1,093
8,672
126,700		 2023
£
107,450
244
8,231
115,925

The average monthly number of employees during the year was 8 (2023: 7.75) 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 £53,560 (2023: £51,138).

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 21

CHRIST CHURCH WARE PCC

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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
26,728
6,682
-
33,410
361,416
368,098		 Plant &
equipm't
£
32,688
2,735
-
35,424
23,695
7,878
-
31,573
3,851
8,993		 Fixtures,
fittings
£
453
-
-
453
393
60
-
453
-
60		 Office
Total
equipm't
2024
£
£
2,287 #
430,254
-
#
2,735
(754) #
(754)
1,533 #
432,235
1,311 #
52,126
383 #
15,003
(640) #
(640)
1,054 #
66,490
479
365,746
976
378,128		 Office
Total
equipm't
2024
£
£
2,287 #
430,254
-
#
2,735
(754) #
(754)
1,533 #
432,235
1,311 #
52,126
383 #
15,003
(640) #
(640)
1,054 #
66,490
479
365,746
976
378,128
365,746
378,128

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
11
Cash at Bank and in Hand
Cash at bank with immediate access
Notice deposits (with a term of twelve months or less)
Petty cash
12
Creditors: liabilities falling due within one year
Trade creditors
Taxation and social security
Other creditors
Accruals
Loans		 2024
£
2,793
13,521
304
1,607
18,225
2024
£
233,938
173,092
40
407,070
2024
£
326
1,045
3,547
4,031
-
8,948		 2023
£
858
12,489
735
1,405
15,487
2023
£
258,988
170,271
40
429,299
2023
£
2,728
897
1,159
4,265
20,000
29,049

Page 22

CHRIST CHURCH WARE PCC

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

13 Pension commitments

During the year employer’s pension contributions totalling £8,672 (2023: £8,231) were payable to defined contribution personal pension schemes. Pension contributions of £nil are owing at the balance sheet date (2023: £707).

14 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
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
2024
£
-
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		 Incoming
resources
2024
£
2,317
-
-
-
-
2,317
356,448
358,766
37,841
52
-
-
75
13,427
-
5,000
7,950
735
-
-
65,079
-
-
423,844		 Outgoing
resources
2024
£
(2,317)
(3,788)
-
-
-
(6,105)
(349,249)
(355,355)
(43,580)
(1,416)
(637)
-
-
(16,452)
(91)
(1,927)
(7,872)
(1,233)
-
(373)
(73,580)
(6,682)
(6,682)
(435,617)		 Transfers
in the year
2024
£
-
(5,318)
-
-
-
(5,318)
(1,868)
(7,186)
5,318
-
-
-
-
-
-
-
-
1,868
-
-
7,186
-
-
-		 Gains and
losses
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2024
£
-
146,982
96,160
64,013
70,984
378,139
107,765
485,905
-
4,490
-
408
382
17,455
136
8,971
78
7,250
108
-
39,278
256,909
256,909
782,092

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

a) £5,318 was transferred to the Development Fund to cover depreciation of the remaining fixed assets in the fund b) £1,868 was transferred to Mission Funds to ensure funds are available for future mission

Page 23

CHRIST CHURCH WARE PCC

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Analysis of net assets by fund

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

Analysis of net assets by fund
The assets and liabilities of the various funds were as follows:
General
Designated
funds
funds
£
£
Tangible fixed assets
12,676
96,160
Debtors
17,597
374
Cash at bank and in hand
84,052
282,453
Creditors falling due within one year
(6,560)
(848)
107,765
378,139
In the previous year the movements in the charity's funds were as follows:
Opening
Incoming
Outgoing
balance
resources
resources
2023
2023
2023
£
£
£
Designated Funds
Events
(2)
2,882
(2,881)
Building Project
25,900
130,188
-
Cromwell Road
96,160
-
-

Associate Pastor
64,013
-

-
Community and Mission
-
32,041
-
186,071
165,111
(2,881)
General Unrestricted Funds
86,305
341,710
(325,581)
Total Unrestricted Funds
272,377
506,821
(328,461)
Restricted Funds
Development
(43,231)
46,607
(2,955)
Vicar & Church Wardens
6,479
106
(731)
Major Repairs & Renewals
4,159
-
(3,522)
LoveWare:LiveWare
408
-

-
Oasis
321
108
(123)
KGR Rent
37,834
1,109
-
Women's Ministry
49
-
(49)
Christians Against Poverty
22,147
9,900
(11,567)
Pastoral Care
384
-

(157)
Youth Work
1,898
4,000
-
Children's Work
5
7,791
(7,795)
Mission Funds
5,931
1,071
(1,121)
Outreach Ministries
108
-
-
Ukraine Support
507
250
(384)
36,999
70,941
(28,403)
Endowment Funds
Church centre and car park
270,273
-
(6,682)
270,273
-
(6,682)
Aggregate of funds
579,649
577,762
(363,547)
Unrestricted Funds		 Restricted
funds
£
-
254
40,565
(1,540)
39,278
Transfers
in the year
2023
£
-
-
-
-
38,943
38,943
-
38,943
-

-
-

-
-

(38,943)
-

-
-
-
-
-

-
-
(38,943)
-
-
-		 Endowment
funds
£
256,909
-
-
-
256,909
Gains and
losses
2023
£
-
-
-
-
-
-

-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2024
£
365,746
18,225
407,070
(8,948)
782,092
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

Page 24

CHRIST CHURCH WARE PCC

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Analysis of net assets by fund

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

ysis of net assets by fund
e previous year, the assets and liabilities of the		 various funds were as follows: various funds were as follows:
Unrestricted Funds
General Designated Restricted Endowment
funds funds funds funds 2023
£ £ £ £ £
Tangible fixed assets 12,875 96,160 5,502 263,591 378,128
Debtors 14,598 399 490 - 15,487
Cash at bank and in hand 82,753 291,138 55,407 - 429,299
Creditors falling due within one year (7,792) (452) (20,805) - (29,049)
102,434 387,245 40,594 263,591 793,865

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

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 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 2024 the amount set aside was £1,868 (2023 £0)

During the year the charity:

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

None to report

Page 25

CHRIST CHURCH WARE PCC

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2024

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Total Expenditure
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14		 General
2024
£
322,259
22,154
12,036
356,448
349,249
349,249
7,199
(1,868)
5,331
102,435
107,765
Unrestric		 Unrestric Designated
2024
£
-
2,317
-
2,317
6,105
6,105
(3,788)
(5,318)
(9,106)
387,245
378,139
ted funds		 Restricted
2024
£
65,079
-
-
65,079
73,580
73,580
(8,502)
7,186
(1,316)
40,594
39,278		 Endowment
2024
£
-

-
-
-
6,682
6,682
(6,682)
-
(6,682)
263,591
256,909		 Total
2024
£
387,338
24,471
12,036
423,844
435,617
435,617
(11,773)
-
(11,773)
793,865
782,092		 General
2023
£
315,060
20,752
5,898
341,710
325,581
325,581
16,129
-
16,129
86,305
102,435
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

Page 26