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2020-12-31-accounts

Town Square Woking Surrey GU21 6YG

Guildford Diocese

Annual Report and

Consolidated Financial Statements

of the Parochial Church Council of the Ecclesiastical Parish of Woking, Christ Church.

Charity Number 1130005

For the year ended 31st December 2020

Incumbent:

Adrian Beavis (from March 2020)

Christ Church Vicarage 10 Russetts Close Woking Surrey GU21 4BH

Auditors: HPCA Limited Chartered Accountants and Statutory Auditors Station House Connaught Road Brookwood Woking Surrey GU24 0ER

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Christ Church Woking – Annual Report for 2020

The leadership team of the church present their Consolidated Report and Financial Statements for the year ended 31st December 2020. The accounts comply with current statutory requirements and the Statement of Recommended Practice “Accounting and Reporting by Charities (Revised 2015).

Governing Document: Parochial Church Council Powers Measure (1956) as amended and Church Representation Rules.

Area of benefit: Undefined, in practice, local. Date Registered with Charity Commission: 5[th] June 2009 Classification

What : Education/training and Religious Activities.

Who: General Public/Mankind

How: Makes grants to organisations, provides buildings/facilities/open space and provides services.

The Parochial Church Council (“PCC”) is a charity formerly exempt from registration with the Charity Commission but registered in June 2009. The PCC having responsibility together with the incumbent, for the whole mission of the Church, met bi-monthly during 2020. It also has maintenance responsibility for the Church Centre complex of Christ Church Woking.

Membership

Members of the PCC are effectively the charity trustees and are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.

During the year the following served as members of the PCC: Ex-officio PCC members:

Incumbent Revd. Adrian Beavis (from March 2020) Senior Curate Revd. Pippa Ford (until end December 2020) Curate Revd. Thea Edwards Non-stipendiary Ministers Revd. Martin Smith Revd. Phil Simpson Wardens Walter Coxon (APCM 2020 5th term) John Wythe (APCM 2020 2nd term) Deanery Synod Reps Steve Roberts (From APCM 2020 3rd term) Steve Morris (From APCM 2020 5th term) Beryl Keeley (From APCM 2020 3rd term) John Wythe (From APCM 2020 2nd term) Gordon McFarland (From APCM 2020 1[st] term) Elected Members: Jo Frank (From APCM 2018 2nd term) Jan Tait (Elected APCM 2019 2nd term) Richard Stone (re-elected at the 2020 APCM for 2nd term) Mel Hemmings (From APCM 2018 1st term) Ellen McLean (From APCM 2018 1st term) Nellie Sham (until July 2020) Chris Funnell (until April 2020) Jon Gale (co-opted Treasurer, then elected at the 2020 APCM) Monica Hill (Elected at the 2020 APCM 1st term) John Tatton (Elected at the 2020 APCM 1st term)

Richard Stone stood down as Treasurer and was re-elected to his second term as a PCC member. Jon Gale was initially co-opted as Treasurer to succeed Richard but was elected as a PCC member at the 2020 APCM. We thank them all for their faithful service to the PCC.

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Christ Church Woking – Annual Report for 2020

Structure, Governance and Management

Appointment of PCC members is set out in the Church Representation Rules, with the additional limitation, passed at the APCM, that elected PCC members serve for a maximum of two continuous terms of 3 years, thereafter a person has to stand down for at least one year. (This does not apply to the Deanery and Diocesan Synod representatives who are elected on a regular 3-year cycle).

Objectives and Activities

Christ Church PCC has the responsibility of cooperating with the incumbent in promoting the objects of the charity, namely ‘promoting in the ecclesiastical parish the whole mission of the Church’. As a community we are to be:

ð Valued……loved into the family of God

Each of us is adopted into the family of God (Father, Son and Holy Spirit). This family is the best family in the world, where we are accepted as we are but loved too much to leave us where we are. As his children, we want to express the family likeness of love to each other.

ð Restored……to our original design

We are all broken and fall short of the people God designed us to be. The Good News is that as we walk in step with Jesus, we are being restored into our true selves; in this life and ultimately when we are resurrected into eternal life.

As an outpost of heaven, we are committed to each other in our brokenness, being kind and forgiving as we seek to be real and authentic.

Jesus equips us in a lost and broken world to step out boldly and share his invitation to follow him, that people might know the LIFE he offers.

There are four distinctives about Christ Church:

Word & Spirit: We are committed to the Word and the Spirit together – wanting to give full reign to both the authority of scripture and the power of the Spirit. We believe it important to hear God’s Word explained and applied vividly to everyday life, with the Spirit bringing revelation and empowering us to follow Jesus. Our prayer and worship are open to the gifts and leading of the Spirit. The end of our services allows space to invite the Spirit to come and transform us in response to the sermon, often through prayer ministry.

Community: We are a welcoming and grace-filled church, a prayerful and caring community of all ages. We encourage every member to belong to a Pastorate (mid-week group of 15 to 30 people meeting fortnightly) for community, discipleship and development of giftings. These gatherings are centred on food, worship, study of the bible (often related to the sermon series) and prayer for one another in smaller sub-groups. We also encourage everyone to be in a prayer triplet.

Mission: We seek to inspire and equip every member of the church to share their faith wherever they live and work. Our evangelism is primarily through friendship and Alpha. We have a heart for social transformation which has been given particular expression through our CAP centre and Besom.

Town role: We have a 7-day presence in the town centre, with our various ministries and missional businesses. We have a very positive relationship with the Borough Council and executive. This includes leading the town Remembrance Day Service at the memorial in the square, significant involvement in the Churches Together

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Christ Church Woking – Annual Report for 2020

Good Friday Act of Witness and occasionally giving advice on religious matters at a civic level. We hold ‘Lark in the Square’ each year to bless those coming through the town centre. Our location provides a place for a spiritual response at times of national disaster, enabling people to seek God at those times. We support interfaith dialogue across Woking especially with the Muslim community.

The PCC has responsibility for the maintenance of the Parish Church, its associated offices and meeting rooms, plus 4 Orchard Drive which is used to house the Associate Vicar or Curate. Christ Church is run by employed staff, supported by volunteers whose contribution is unquantifiable but range from finance, flower arranging, PA operation, children’s and youth work, leading Pastorates, worship & music ministry, café, men and women’s groups, visitations etc.

Review of the year

2020 was a year of great change in the life of Christ Church, partly because of the beginning of my ministry as the new vicar in March 2020 and the impact of the Coronavirus pandemic (both my institution and the first lockdown happened in the same week!). Every single area of the ministry, mission and activities of Christ Church were significantly affected by the pandemic, as we adjusted to the challenges of the virus, seeking to continue with our mission and ministry as safely as we could in a very unfamiliar environment. We have experienced God’s goodness and provision throughout this time, enabling us to remain rooted in our vision, and strong as a community through a turbulent year.

Worship – As the pandemic began, we immediately faced the challenge of moving our Sunday worship services online. Initially the weekly pre-recorded service was broadcast on YouTube, thanks to the tireless and creative work of the worship team, ably led by Niall (our worship pastor). As we came out of lockdown, and restarted our gathered services, we were aware of the need to continue to provide online worship for those unable to gather due to shielding, and those wary of gathering due to the safety guidelines. For this reason, we installed a camera system in the church, enabling services to be broadcast live. This has given us much greater flexibility as the year progressed, as we were able to offer both in-person worship (when permitted), pre-recorded worship (when that was easier to provide), and live-broadcast worship. This more complicated pattern of worship has required a new ticketing system which Tracey (our administrator) set up and managed, ensuring that the congregation were safely seated each week and knew all the relevant government guidelines.

Youth and Children’s Ministry – much of the youth and children’s ministry had to adapt to be online, with a mixture of Sunday Zoom meetings and midweek Zoom hubs providing places to worship and connect. Just prior to lockdown, Pete (our youth pastor) took the youth group away for a residential weekend, which enabled the group to connect deeper with God and each other which was a highlight as we went into lockdown. When in-person worship has been allowed, the youth group has also been able to meet in-person by being masked and socially distanced. But it has not been possible to safely manage break out Kids Church groups, due to complex arrangements about household bubbles and the number of volunteers available to help. Instead, when the rules have permitted, we have provided weekly family services to enable parents and children to worship together until we can restart the groups. Zoe and Hannah (our Children’s Pastor and Assistant Children’s Pastor) have continued to provide creative input and ideas each week for the online service, the weekly family services, and more recently, Sunday morning Kids Church Zooms. The aim is to restart the youth and kids break out groups after Easter.

Outreach – this has been the area that has been particularly affected by the pandemic, with limited ability to get out and connect with people outside of our building and services. An Alpha Course was run just before the start of the pandemic, with a shorter online, mini-Alpha Course, Why Jesus? in the spring. Two Kintsugi Hope courses were run by Hilary Roberts for those wanting to process painful times in their lives, looking at how God redeems them and a Hope in Depression course was run online in early January. Our Easter services, happening just after the first lockdown, were very well attended, with Easter Sunday reaching over 1000 people. We were able to run a scaled back Christmas programme, having in-person carol services, Christingle, Crib and Christmas Eve and Day services, which were also broadcast online. This enabled a total congregation of around 600 to attend the carol services, around 400 to attend our Christingle services, in person and online, and a similar number over Christmas Eve and Christmas Day services.

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Christ Church Woking – Annual Report for 2020

Our main ongoing Community Outreach through 2020 came through the work of the CAP (Christians Against Poverty) Centre , under the leadership of Sarah, our CAP Centre Manager, and through our connection with Maybury School . Sarah’s work at the CAP Centre relies heavily on the ability to meet people in their homes and go through paperwork, so the number of new clients has been very much reduced this year. In addition, with the generous furlough scheme on offer, many money worries are temporarily being held at bay. For this reason, for some of the year, the CAP ministry was scaled back as Sarah went on furlough. However, we expect this work to pick up considerably in the second half of 2021 year, as the lockdown recedes and the furlough scheme is withdrawn.

Through our connection with Maybury School , we have been able to provide food parcels for those on low incomes and free school meals. Later in the pandemic, we were able to provide laptops for those without digital connection for their home-schooling. The connection with Maybury School continues to be strong, and Zoe and Hannah were invited to do Christmas Assemblies for all the year groups in December. Sadly, due to the pandemic, we were unable to put on the Lark in the Square and Light Party events, as usual. We hope to run both of these in 2021, in some form, as rules permit.

Café, Conferencing and Bookshop – 2020 was a year of ups and downs for our businesses. Jane (our Operations Director) and Mark (our Finance Manager) worked tirelessly to adjust to the changing environment, including adapting to the complexities of the furlough schemes. We started off the year in a strong position, only to have to close our doors when the pandemic hit in March. We were able to open up again in July, with a huge amount of work done by the team to ensure we made the spaces safe by following the guidelines. The Café benefitted from the Government’s ‘Eat out to Help Out’ initiative in August. Come November, and another lockdown, the staff agreed to be furloughed again and with the exception of a few weeks of trading in December the businesses have had to remain closed into 2021. Our staff team, led by Sheila Hargreaves in the Café and Phil Perello in the Bookshop, have shown grace and resilience in the face of uncertainty and the team as a whole have looked out for each other. At the end of the year Adam Bond (our Conference Manager) left us and conferencing enquiries are being handled by Tracey and Jane until business picks up again. With the economy slowly opening up from April, and the rollout of the vaccines, we are praying that people’s confidence will be restored and trading picks up again over the summer. We are excited to see all that God has instore this year, and once again being able to reach out to the community, welcoming them in, and being there to pray with those who need it.

Buildings Management – obviously an ongoing challenge has been making sure our building, and any activities, are compliant with the ever-changing rules, regulations and guidelines (from both the Government and the diocese) governing Covid Safe spaces. Chris Beresford, our Buildings Manager, has been the point-person for our health and safety compliance, ensuring all the risk assessments that have been needed for the various services, activities, and businesses have been completed. His expertise in this area has been invaluable as we have had to navigate an ever-changing landscape.

Global Mission Support – we continued to financially and prayerfully support a wide range of missionaries and mission organisations, both those based overseas and working within Woking. Through 2020 it became apparent that the formula used for calculating Mission Giving each year needed to be reviewed. The formula was calculated by setting aside 5% of the year’s unrestricted giving (calculated as a running total through the year) and by giving the Sunday collections to the missionary and organisation being prayed for that month. Sunday collections dropped considerably over 2020 as services were cancelled and our giving went entirely online. It also became clear that month-by-month collections always varied considerably, depending on the attendance, number of Sundays and services in any month. This meant how much we gave to each missionary/organisation was unpredictable and could change through the year as the final total for unrestricted giving was often not known until April the following year. In Nov 2020 the PCC adopted a new formula for giving to Global Mission with two strands. Firstly, in November of each year, 5% of that year’s unrestricted giving would be set aside as a budget item for the next year’s Mission Giving budget. We called this the First Fruits Fund . It would not be changed or altered (up or down) and would be for our Mission Partner Families. Our core missionaries, with deep links to CCW, would know their support in advance and be better able to budget. Secondly, a dedicated Gift Day will be held in February each year, to raise a target sum (roughly the same amount as the First Fruits Fund ) to support our Mission Partner Organisations with grants. This fund, The Isaiah Fund, will be set-aside to support mission organisations with any surplus going to our mission families and wider mission in Woking. Sunday collections will still go to the Isaiah Fund , but will be no longer tied to the mission of the month. This new

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Christ Church Woking – Annual Report for 2020

formula is already on course in 2021 to increase our giving to our mission partners than we have in previous years.

Gateway

The vision for our Project continues to be:

• Deliver an improved conferencing and events offering, refurbished Café and Bookshop.

Woking Borough Council granted planning permission for our proposals in January 2020, valid for 5 years. The next key steps were to finalise the interior design aspects and apply for Faculty permission from the Church Authorities. However, as a result of the Covid pandemic, the team agreed it was prudent to pause the project since there will very likely be a need to re-assess requirements as we emerge into a post pandemic world. It’s not yet clear how conferencing and catering facilities might need to be adjusted to accommodate post-pandemic requirements. However, this pause is being balanced against the increasing need to refresh ageing building systems and mitigate the risk of a major system failure. Consequently, spend on the project during 2020 was minimal and all technical consultants were stood down. We expect to resume the project mid-way during 2021, once the post pandemic landscape is clearer, and consider how it can best be phased.

Finally, looking ahead – every church family goes through its fair share of change each year. We knew that in 2020 we would be saying goodbye to our Senior Curate, Pippa Ford. With her search for an incumbency delayed by lockdown, we were blessed to be able to have Pippa with us until the end of the year when she was appointed Vicar of St Michael’s Camberley. This has meant that the staff team has reduced in size, as we have also said goodbye to Phil Barlow, our St Mellitus Ordinand, who is now Curate at All Saints New Haw. Both Pippa and Phil were deeply rooted in the life of the church and had significant pastoral gifts which will be missed. It will be a key challenge in 2021 to rebuild our pastoral teams and support networks, when we expect pastoral needs to grow as people adjust to the challenges of coming out of lockdown. Another key challenge will be rebuilding our youth and children’s ministries as regular, gathered times together, to grow our young disciples. Enabling families, children and young people to re-establish regular rhythms and habits of worship is such a key part of CCW’s vision and mission. We also plan to think more deeply about how we as a church celebrate and encourage the wonderful racial and cultural diversity we have at CCW, ensuring we are being the welcoming and inclusive “Church of All Nations” we want to be. Thea (our curate) is taking forward this work with a group formed out of the Let’s Talk About Race planning group. Finally, whilst often the pandemic has meant there are things we can’t do, there will be new opportunities for mission and ministry which will emerge as we come out of lockdown. CCW needs to be ready to show the love of Christ anew in this new season, ready to grow faith where it has weakened (or interest has been stirred), ready to bring hope (to those battling with despair, discouragement or depression), and ready to show love to our community as we learn again what it means to be Christ’s Church – by loving God, loving our neighbours as ourselves.

Safeguarding

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Christ Church Woking – Annual Report for 2020

Attendance Statistics

Previous Years’ Figures (included for comparison)

Average Adult Attendance at each service:

Service 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
8.00/8.15 12 12 11 10 9 10 10 9 9 10
10.00 194 191 187 193 184 188
9.15 108 98 93 115 95
11.00 142 120 124 124 105
6.30 78 76 61
7.00 86 93 79 83 77 82 74

Average Child Attendance at morning service:

Service 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
10.00 79 80 86 inc
youth		 86 inc
youth		 74 inc
youth		 70 inc
youth
9.15 52 54 60 60 45
11.00 62 51 56 54 48 inc
youth

2020 attendance

2020 was an unusual year so it’s difficult to compare to previous years in the same way we have done before, due to lockdowns and changes in our pattern of services since re-starting so giving here average pre-Covid (January & February) figures and some post-lockdown figures for 2020.

January through to mid-March was our usual pattern of services, although attendance started dropping in March, in the 2 weeks before lockdown.

Average attendance for January - February 2020 (pre-Covid)

Service Adults Children & Youth
8.00am 8 0
10.00am 199 82(includesgroups)
6.30pm 58 0

During the first lockdown we had online services only, then re-opened services in church from late July onwards. By the autumn we were running 3 services in church plus the online service, so giving here the average October figures for the services we were running at that time.

Average attendance in October 2020 (after first lockdown)

Service Adults Children & Youth
9.30am Gathered 47 0
11.00am FamilyGathered 44 40(inc Youth upstairs)
6.30pm Gathered 33 0

Online viewing figures in October 2020

Service Average number ofpeople/viewsper Sunday
10.30am Online Service 193

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Christ Church Woking – Annual Report for 2020

Note: Some households watch altogether on one device - some households have multiple devices watching or may watch at different times over the course of the day.

Financial Review

The financial statements continue to be consolidated as recommended under Generally Accepted Accounting Practice (GAAP) and give a holistic view of the activity of the Church.

In summary, in 2020 the Coronavirus Pandemic severely limited the business activities of the church resulting in a decrease in revenues, some of which were budgeted to support the ongoing ministry of the church. The PCC reacted to this change of circumstances, redrawing the budget and cutting costs where possible to ensure the finances of the church remained secure. The generosity of the congregation in faithfully maintaining donations throughout this period has enabled the church to record a small net increase in free reserves.

Total income fell from £1,325,024 in 2019 to £874,916 in 2020.

Income from donors decreased by £89,357 to £678,830 (2019, £768,187). Regular unrestricted donation income has remained at a similar level to 2019 with the fall in unrestricted donations almost equal to the value of a large single donation received in 2019 that did not repeat in 2020. The fall in restricted donations was chiefly due to a reduced level of receipts for the Gateway project.

In 2019 income from legacies was £52294. This fell to £231 on 2020.

Income from operating activities has been severely impacted by the pandemic with all businesses closed for most of 2020. In total income decreased by £309,441 (62%) This breakdown by business is as follows: café: £107,965 (55%), bookshop: £99463 (59%), conferencing: £102805 (77%).

Grants of all kinds decreased during the year to £63,759 (2019, £72,254). The 2019 figure was inflated by leaving gifts (funds raised by the congregation for this purpose) to Peter Harwood and Andy Reid totalling £6,542. Gifts of a similar nature totalled £2,393 in 2020. A fund totalling £4,469 was raised at short notice by members of the church to assist with the funeral costs of Mrs Mags McLeod. The PCC continues to contribute around 6% of its unrestricted donation income, £30,479 (£32,637 2019) to charitable causes. Additionally, out of unrestricted funds the PCC authorised a grant of £3,000 to Phil Barlow. The combined grants awarded in 2020, £61,366 represents 11% of the total of unrestricted donation income and donations for charitable causes.

Expenditure on activities directly relating to the work of the Church decreased by £294,315 to £736,231 (2019: £1,031,581). The majority of this decrease relates to the decrease in activity of the bookshop, café and conferencing businesses and amounted to £190,062. No staff were made redundant in 2020. The church was unable to engage in many of the activities it would usually perform and this enabled £34,290 of savings in comparison to 2019. All of the staff were furloughed at some point during 2020 and this heavily contributed to £18,489 staff cost savings. The building was closed for much of 2020 enabling saving in running costs and this together with a halt in all but essential maintenance work facilitated savings of £49,080.

Net incoming resources were £76,003 (2019: £219,097) after tax.

Net current assets of the group have increased to £1,465,025 (2019: £1,364,569). Unrestricted undesignated funds have increased to £802,482 (2019: £776,767). The group had free reserves (Unrestricted, undesignated funds excluding fixed assets and Gateway prepayments) of £268,204 (2019: £255,617) at the year end, the equivalent of 138 days Unrestricted Expenditure (2019: 94 days). In 2013 the PCC adopted a revised Reserves policy to hold free reserves in the range 30 to 50 days Unrestricted Expenditure (formerly 90 days).

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Christ Church Woking – Annual Report for 2020

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with the applicable accounting standards and the Charities Statement of Recommended Practice (SORP) 2015, Accounting and Reporting by Charities.

On behalf of the PCC

Adrian Beavis Vicar

Jon Gale

Treasurer

Dated 20[th] April 2021

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Parochial Church Council of Christ Church, Woking

Statement of Responsibilities of Members of the PCC

The trustees (Members of the PCC) are 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).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that 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 Church Accounting Regulations 2006. 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.

Dated 20[th] April 2021 By order of the PCC

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Parochial Church Council of Christ Church, Woking

Auditors’ Report

Independent Auditor’s Report to the Members of Christ Church Woking Parochial Church Council (the PCC)

Opinion

We have audited the financial statements of the PCC for the year ended 31st December 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and the notes to the financial statements on pages thirteen to twenty-eight. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you were:

Other information

The members of the PCC are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

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Parochial Church Council of Christ Church, Woking

Responsibilities of the members of the PCC

As explained more fully in the Statement of Responsibilities of Members of the PCC set out on page ten, the members of the PCC are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the members of the PCC are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the members of the PCC either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

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Parochial Church Council of Christ Church, Woking

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the members of the PCC and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the IAASA's website at https://www.iaasa.ie/getmedia/b2389013-1cf6-458b-9b8f-

a98202dc9c3a/Description_of_auditors_responsiblities_for_audit. This description forms part of our Report of the Auditors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the members of the PCC, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the members of the PCC those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the PCC and the members of the PCC as a body, for our audit work, for this report, or for the opinions we have formed

HPCA Ltd., Statutory Auditor Station House Connaught Road Brookwood Surrey GU24 0ER Dated 20[th] April 2021

HPCA Ltd is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

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Parochial Church Council of Christ Church, Woking

Consolidated Statement of Financial Activities

For the year ending December 31[st] 2020

Note
INCOME AND ENDOWMENTS
FROM
Donations from donors
2a
Other donations and legacies
2b
Incoming resources from operating
activities -
to further the Councils'
objectives
2c
Income from investment
2d
TOTAL INCOME AND
ENDOWMENTS
EXPENDITURE ON
Grants
3a
Activities directly related to the work
of the church
3b
TOTAL RESOURCES EXPENDED
NET INCOMING/(OUTGOING)
BEFORE
TAXATION
Taxation charge for the year
Transfer between funds
8
NET MOVEMENT IN FUNDS
BALANCES B/F AT JANUARY 1st
BALANCES C/F AT DECEMBER
31st		 Unrestricted
Funds
Designated
Funds
Restricted
Funds
Total
Group
Funds
2020
Total
Group
Funds
2019
£
£
£
£
£
,
536,413
0
142,417
678,830
768,187
231
0
5,693
5,924
57,334
189,191
0
0
189,191
498,634
971
0
0
971
869
726,806
0
148,110
874,916
1,325,024
3,000
29,850
30,909
63,759
72,254
706,089
2,650
27,492
736,231
1,031,581
709,089
32,500
58,401
799,990
1,103,835
17,717
(32,500)
89,709
74,926
221,189
1,077
0
0
1,077
(3,092)
7,047
30,534
(37,581)
0
0
25,841
(1,966)
52,128
76,003
218,097
776,641
163,720
657,717 1,598,078
1,379,981
802,482
161,754
709,8451,674,081
1,598,078

-14-

Parochial Church Council of Christ Church, Woking

Balance Sheets as at 31[st] December 2020

Note
FIXED ASSETS
Tangible Fixed assets
7
Investment Assets
7a
Intangible Fixed Assets
CURRENT ASSETS
Stock
Debtors
9
Short Term deposits
Cash at Bank and in Hand
LIABILITIES: AMOUNTS FALLING DUE
WITHIN ONE YEAR
10
NET CURRENT ASSETS
NET ASSETS
FUNDS
8
Unrestricted
Designated
Other Unrestricted
Restricted		 Group 2020
Group 2019
PCC 2020
PCC 2019
£
£
£
£
209,056
233,509
208,381
231,254
0
0
7
7
0
0
0
0
209,056
233,509
208,388
231,261
80,266
79,951
0
0
376,569
406,078
528,759
539,142
23,717
23,616
23,717
23,616
1,035,937
941,208
1,013,642
896,041
1,516,489
1,450,853
1,566,118
1,458,799
51,464
86,284
45,016
58,586
1,465,025
1,364,569
1,521,102
1,400,213
1,674,081
1,598,078
1,729,490
1,631,474
161,754
163,720
161,754
163,720
802,482
776,641
857,891
810,037
709,845
657,717
709,845
657,717
1,674,081
1,598,078
1,729,490
1,631,474

Approved by the Parochial Church Council on 20[th] April 2021 and signed on its behalf by:

Adrian Beavis Vicar

John Wythe Churchwarden

The notes on pages 16 to 28 form part of these accounts.

-15-

Parochial Church Council of Christ Church, Woking

Parochial Church Council of Christ Church, Woking Statement of Cash Flows for the year ended 31 December 2020

20_20_ 2019
£ £
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash generated from operating activities A 107,371 91,445

CASH FLOW FROM INVESTING ACTIVITIES
Interest received 971 869
Expenditure on capital items (15,359) (29,797)
Cash received from sale of tangible assets 0 752
Net cash used for investing activities (14,388) (28,176)

CASH FLOW FROM FINANCING ACTIVITIES
Interest paid 0 0
Net cash used for investing activities 0 0

Change in cash and cash equivalents in the reporting period		 94,830 63,269

Cash and cash equivalents at the beginning of the reporting period
 964,824 901,555
Cash and cash equivalents at the end of the reporting period 1,059,654 964,824

Classified on the balance sheet as:
Short term deposits 23,717 23,616
Cash at Bank and in hand 1,035,937 941,208
1,059,654 964,824

NOTES TO THE STATEMENT OF CASH FLOWS:
A. RECONCILIATION OF NET INCOME TO NET CASH GENERATED FROM OPERATING ACTIVITIES
2020 2019
£ £
Net surplus for the year 76,003 218,097
Other 0 0
Interest received (971) (869)
Depreciation of tangible assets 44,453 49,194
Disposal of tangibles assets 0 959
Cash received from sale of tangible assets 0 (752)
Taxation charge 0 3,092
Taxation paid (6,488) (2,939)
(Increase)/decrease in debtors 29,509 (110,676)
(Increase)/ decrease in stock (315) (5,535)
(Decrease)/ increase in creditors (34,820) (59,126)
NET CASH GENERATED FROM OPERATING ACTIVITIES 107,371 91,445

-16-

Parochial Church Council of Christ Church, Woking

Notes to the Financial Statements

For the year ended December 31[st] 2020

1. Accounting Policies

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with the Charities SORP (FRS 102), Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention except for the re-valuation of certain fixed assets and include the results of the church and of its subsidiary company, Origin Books & Media Limited.

Funds

Unrestricted funds represent the funds of the PCC that are not subject to any restriction regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. The income into restricted funds is restricted by the donors

The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.

Income and endowments

Voluntary income and capital sources

Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid donations is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the income is recognised.

Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due.

Funds raised by events are accounted for net of expenses.

Sales of books and other items from the church bookshop and sale of food and drink from the café are accounted for gross.

Other ordinary income

Rental income from the letting of church premises is recognised when the rental is due.

Income from investments

Dividends and interest are accounted for when receivable. Tax recoverable on such income is recognised in the same accounting year.

Gains and losses on investments

Realised gains and losses are recognised when investments are sold.

Unrealised gains and losses are accounted for on revaluation of investments at the balance sheet date.

Consolidation

The results of Origin Books & Media Ltd for the year ended 31[st] December 2020 have been consolidated on a line-by-line basis. The company is limited by guarantee and under the control of the church.

-17-

Parochial Church Council of Christ Church, Woking

1. Accounting Policies (continued)

Expenditure

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Activities directly relating to the work of the church

The Diocesan Parish Share is accounted for when payable.

Operating Leases

Rentals paid under operating leases are charged to the statement of Financial Activities when incurred under the terms of the rental agreement.

Pensions

The church operates a stakeholder pension scheme, matching employee contributions up to 5% of salary. Contributions payable for the year are charged in the statement of financial activities .

Fixed Assets

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is excluded from the accounts by s.96(2)(a) of the Charities Act 1993.

No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

Unconsecrated land and buildings

Unconsecrated land and buildings are recorded at cost, or, if acquired prior to January 1st 1995, at market value as at January 1st 1995. Depreciation is charged on buildings on a straight-line basis over the currently anticipated useful economic life of fifty years.

Tangible fixed assets

Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives by equal instalments with a full annual charge in the year of acquisition. Assets under £500 are not capitalised. The principle useful economic lives applied in calculating depreciation are as follows:

Freehold land and buildings Over 50 years Equipment Over 4 years Furniture and Fittings Over 10 years

I nvestments

Investments are valued at market value at the balance sheet date.

Current Assets

Stock is valued at the lower of cost and net realisable value.

Amounts owing to the PCC at 31st December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible.

Short term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.

Taxation

Corporation tax is chargeable on the profit earned from the conferencing business.

-18-

Parochial Church Council of Christ Church, Woking

2. Income and endowments from

2(a) Voluntary Income from donors
Planned Giving
Gift aid Donations
Income Tax Recoverable
Other planned giving
2(b) Other voluntary income
Grants
Legacies
Children’s ministry income
Youth ministry income
Other pastoral & outreach income
Music recitals
Other Income
Gain on sale of asset
2 (c) Church Activities
TwelveThirty café
Bookshop
Church room lettings
Rental income
Fees
2 (d) Income from Investments
Interest
TOTAL INCOMING RESOURCES
3. Expenditure on
3(a) Grants
Missionary and Charitable Giving
Church overseas
missionary societies
relief & development agencies
Home missions and church societies
Other		 Unrestricted
funds
Designated
Funds
Restricted
Funds
2020
2019
£
£
£
£
£
291,966
0
73,552
365,518
446,684
88,687
0
18,698
107,385
128,009
155,760
0
50,167
205,927
193,494
536,413
0
142,417
678,830
768,187
0
0
5,000
5,000
0
231
0
0
231
52,294
0
0
0
0
0
0
0
0
0
0
0
0
0
0
240
0
0
693
693
2,650
0
0
0
0
2,150
0
0
0
0
0
231
0
5,693
5,924
57,334
87,826
0
0
87,826
195,793
69,280
0
0
69,280
168,743
31,293
0
0
31,293
134,098
0
0
0
0
0
792
0
0
792
0
189,191
0
0
189,191
498,634
971
0
0
971
869
971
0
0
971
869
726,806
0
148,110
874,916
1,325,024
Unrestricted
funds
Designated
Funds
Restricted
Funds
2020
2019
£
£
£
£
£
0
8,710
2,754
11,464
19,973
0
7,060
17,856
24,916
12,447
3,000
14,080
9,823
26,903
39,834
0
0
476
476
0
3,000
29,850
30,909
63,759
72,254

-19-

Parochial Church Council of Christ Church, Woking

3. Expenditure on (continued)

3(b) Activities directly relating to the work of the Church

3(b) Activities directly relating to the work of the Church
Ministry:
Diocesan parish share
Clergy reimbursement to diocese
Teaching and Ministry
Clergy expenses
Clergy housing
Church running expenses
Utilities
Insurance
Maintenance
Conferencing
Other Ministry
Children’s Ministry Salaries
Children’s Ministry Expenses
Youth Ministry Salaries
Youth Ministry Expenses
Pastoral Ministry Salaries
Pastoral Ministry Expenses
Outreach Expenses
Church Services
Christians Against Poverty Salaries
Christians Against Poverty Expenses
Music Recitals
Church Centre Costs
Bookshop
TwelveThirty Café
Gateway expenditure
Printing, postage & stationery
Administration salaries
Telephone and communication costs
Bank charges
Accountancy Fees
Staff Training
Depreciation
Loss on sale on fixed assets
Auditors remunerations - audit
TOTAL EXPENDITURE		 Unrestricted
funds
Designated
Funds
Restricted
Funds
2020
2019
£
£
£
£
£
123,071
0
0
123,071
124,571
0
0
0
0
15,473
20,769
0
0
20,769
8,081
0
0
0
0
6,896
0
902
0
902
6,494
23,212
432
0
23,644
34,849
9,250
756
0
10,006
9,292
26,507
560
0
27,067
45,394
2,092
0
0
2,092
8,652
48,258
0
0
48,258
48,937
4,748
0
0
4,748
8,814
27,688
0
0
27,688
30,570
1,931
0
0
1,931
5,221
47,319
0
0
47,319
28,561
705
0
0
705
2,302
3,044
0
-339
2,705
26,421
4,265
0
0
4,265
9,141
0
0
18,432
18,432
19,812
0
0
8,734
8,734
3,517
186
0
666
852
2,709
83,056
0
0
83,056
89,340
72,097
0
0
72,097
162,084
103,881
0
0
103,881
197,396
0
0
0
0
1,035
2,493
0
0
2,493
6,789
23,271
0
0
23,271
36,819
16,143
0
0
16,143
17,432
1.476
0
0
1,476
2,382
1,157
0
0
1,157
1,709
5,063
0
0
5,063
12,365
44,453
0
0
44,453
49,194
0
0
0
0
207
11,044
0
0
11,044
9,122
706,089
2,650
27,492
736,231 1,031,581
709,089
32,500
58,401
799,990 1,103,835

-20-

Parochial Church Council of Christ Church, Woking

4. Staff Costs

4. Staff Costs
Wages and Salaries
Pension Costs
Social Security Costs		 Group 2020
Group 2019
£
£
392,047
382,803
17,660
16,757
27,980
27,974
437,687
427,534

Furlough claims of £98,561 were made in the year and have offset the cost of wages above.

Average Number of full time and equivalent employees

Youth Ministry
Pastoral Ministry
Childrens Ministry
Church Centre
Administration
Christians Against Poverty
Bookshop
TwelveThirty Café		 1.0
1.0
1.0
0.9
1.9
1.7
1.7
1.9
2.3
2.3
0.6
0.6
1.7
2.0
3.9
3.9
14.1
14.3

There were no employees with emoluments in excess of £60,000 for the year.

5. Members Expenses

Expenses have been paid to the clergy members of the PCC in connection with the carrying out of their office. These include travel and subsistence, postage and telephone, training and books, and hospitality. A total of £892 was paid in the year (2019, £6,896).

No other payments or expenses were paid to PCC members, persons closely connected to them or related parties.

6. Related Party Transactions

Intercompany

At 31st December 2020 there was an outstanding balance due from its subsidiary Origin Books and Media Limited £63,014 (2019: £63,014). No interest is charged on this loan and it is the intention of the church to continue to support its subsidiary.

-21-

Parochial Church Council of Christ Church, Woking

7. Fixed Assets for use by the PCC

7. Fixed Assets for use by the PCC
TANGIBLE FIXED ASSETS Freehold
Land and
Buildings
Equipment
Furniture and
Fittings
Total
Group £
£
£
£
Actual/Deemed Cost - at 1 January 2020
- PCC 210,000
121,228
293,531
624,759
- Origin 0
17,929
46,837
64,766
Additions 0
4,642
15,359
20,001
Disposals 0
0
0
0
- at 31 December 2020 210,000
143,799
355,727
709,526
Depreciation - at 1 January 2020
- PCC
- Origin
Charge for the Year
Disposals
- at 31 December 2020
Net Book Value at 1 January 2020
Net Book Value at 31 December 2020
PCC
Actual/Deemed Cost - at 1 January 2020
Additions
Disposals
- at 31 December 2020
Depreciation - at 1 January 2020
Charge for the Year
Disposals
- at 31 December 2020
Net Book Value at 1 January 2020
Net Book Value at 31 December 2020		 95,200
83,569
214,736
393,505
0
17,600
44,912
62,512
4,200
18,238
22,015
44,453
0
0
0
0
99,400
119,407
281,663
500,470
114,800
37,988
80,721
233,509
110,600
24,392
74,064
209,056
210,000
121,228
293,531
624,759
0
4,073
15,359
19,432
0
0
0
0
210,000
125,245
308,890
644,191
95,200
83,569
214,736
393,505
4,200
18,012
20,090
42,302
0
0
0
0
99,400
101,581
234,829
208,381
114,800
37,659
78,795
231,254
110,600
23,720
74,061
208,381

Freehold land and buildings represents’ 4 Orchard Drive, a property that is currently used by the curate. The deemed cost is the PCC’s estimate of market value in 1995 when this asset was first recognised in the accounts. Property valuations have increased in the locality by over 200% since 1995 suggesting a current market value of in excess of £630,000.

7.(a) Investment Fixed Assets The entire share capital of Origin Books & Media Limited, under former name Beacon (Christ Church) Limited, was acquired on January 2nd 2004 for the nominal value of £1 per share.

-22-

Parochial Church Council of Christ Church, Woking

8. Analysis of Net Assets by Fund

Group
Fixed Assets
Current Assets
Current Liabilities
Fund Balance

PCC
Fixed Assets
Current Assets
Current Liabilities
Fund Balance		 Unrestricted
Funds
Designated
Funds
Restricted
Funds
Total Funds
£
£
£
£
209,056
0
0
209,056
644,890
161,754
709,845
1,516,489
(51,464)
0
0
(51,464)
802,482
161,754
709,845
1,674,081
£
£
£
£
208,388
0
0
208,388
694,519
161,754
709,845
1,566,118
(45,016)
0
0
(45,016)
857,891
161,754
709,845
1,729,490

Reserves, calculated as Group Unrestricted Net Current Assets (net of Gateway prepayments) were £268,204 (£644,890 - £325,222 - £51,464) at the year end, (2019 £255,491), representing 138 days (2019, 94 days) of Unrestricted Expenditure (£268,204 / £709,089 x 365).

-23-

Parochial Church Council of Christ Church, Woking

8. Analysis of Funds

Designated funds
Designated Grants
Subtotal Charity and
Mission
Sound and AV
Subtotal Equipment
Cyclical Repairs
Major Repairs
Orchard
Drive/Vicarage
Gateway Project
Subtotal Buildings
Total Designated
funds
Restricted Funds
Restricted Grants
Henry Smith
Healing on the
Streets
Christians Against
Poverty
Christians Against
Poverty - CAP Job
Club
Besom
Overseas and Youth
mission
Subtotal Charity and
Mission
Children's Ministry
Pastoral
Growing Leaders
Care Network Fund
Music Recitals
Worship Pastor
Subtotal Ministry
PC and AV
Subtotal Equipment
Restricted Buildings
Fund
Gateway Project
Subtotal Buildings
Total Restricted
Funds		 Balance
at 1st
January
2020
Incoming
Resource
Resource
Expended
Resource
Expended
on Capital
items
Transfer
between
funds
Balance at
31st
December
2020
1,834
0
(29,850)
0
30,479
2,463
1,834
0
(29,850)
0
30,479
2,463

(55)
0
0
0
55
0
(55)
0
0
0
55
0
18,866
0
(540)
0
0
18,326
39,326
0
0
0
0
39,326
4,049
0
(2,110)
0
0
1,939
99,700
0
0
0
0
99,700
161,941
0
(2,650)
0
0
159,291
163,720
0
(32,500)
0
30,534
161,754
Balance
at 1st
January
2020
Incoming
Resource
Resource
Expended
Resource
Expended
on Capital
items
Transfer
between
funds
Balance at
31st
December
2020
88
30,909
(30,909)
0
0
88
1,466
857
(690)
0
0
1,633
29
0
(19)
0
0
10
13,281
27,589
(25,993)
0
0
14,877
531
125
(482)
0
0
174
100
0
0
0
0
100
13,354
0
0
0
0
13,354
28,849
59,480
(58,093)
0
0
30,236
428
0
0
0
0
428
4,034
0
0
0
0
4,034
488
0
0
0
0
488
180
0
0
0
0
180
(1,759)
693
(666)
0
0
(1,732)
0
0
0
0
0
0
3,371
693
(666)
0
0
3,398
7,802
2,500
0
0
0
10,302
7,802
2,500
0
0
0
10,302
3,750
0
0
0
0
3,750
613,945
85,437
358
(37,581)
0
662,159
617,695
85,437
358
(37,581)
0
665,909
657,717
148,110
(58,401)
(37,581)
0
709,845

The Designated and Restricted Grants funds are for missionary and charitable giving. The Henry Smith Charity fund is used by the vicar for those in need – restricted to a specific geographic area. The Pastoral fund includes gifts for pastoral activity, including church events. PCC funds are as Group funds, excluding the Group Restricted Buildings fund.

-24-

Parochial Church Council of Christ Church, Woking

9. Debtors

Income Tax Recoverable
Due from Group Undertaking
Prepayments and Accrued interest
Gateway Prepayments
Other Debtors		 Group 2020
Group 2019
PCC 2020
PCC 2019
£
£
£
£
37,265
44,740
37,265
44,740
0
0
154,174
137,172
7,360
1,836
7,360
1,836
325,222
288,540
325,222
288,540
6,722
70,962
4,738
66,854
376,569
406,078
528,759
539,142

The Church’s loan to the subsidiary is not formally recorded as a long-term loan, however the church consider this to be a long term receivable as it unlikely to be repaid within a year.

10. Liabilities: Amounts Falling Due Within One Year

Accruals of utility & other costs
Creditors for goods and
services
Due to Group undertaking
Other creditors & deferred income		 Group 2020
Group 2019
PCC 2020
PCC 2019
£
£
£
£
28,393
29,806
26,520
27,946
18,634
37,356
15,552
15,906
0
0
0
0
4,437
19,122
2,944
14,734
51,464
86,284
45,016
58,586

11. Financial Commitments

There are no financial commitments under operating leases.

12. Taxation

There is no tax payable for the year.

Corporation tax charge for the year consists of (£1,077) being nil charge for the year less an overprovision of £1,077 relating to 2019.

-25-

Parochial Church Council of Christ Church, Woking

13. Grants

13. Grants
Grants of £1,000 and over
A Rocha International
Across
Andy Reid
Anne Staton
Besom
Bethesda Life Centre
Christians Against Poverty
Church Mission Society
Engage Woking
Faith to Share
Fusion
Mags McLeod Memorial
Mahabba Network International
Mayors Charity
OMF International UK
Open Doors
Peter Harwood
Phil Barlow
St Michael’s Sheerwater
Thea and Joe Collection
Tear Fund
Turning Point Trust
Wycliffe Bible Translators
York Road Project
Other grants of less than £1,000
Total grants		 Unrestricted Designated
Restricted
Group
Group
2020
2020
2020
2020
2019
£
£
£
£
£
0
2,560
303
2,863
3,896
0
850
466
1,316
1,608
0
0
0
0
2,582
0
0
0
0
500
0
600
1,031
1,631
3,570
0
1,000
10,675
11,675
2,505
0
5,000
0
5,000
5,000
0
1,100
1,850
2,950
2,872
0
2,780
410
3,190
3,836
0
2,100
0
2,100
2,103
0
1,780
107
1,887
1,658
0
0
4,469
4,469
0
0
980
235
1,215
1375
0
0
0
0
1,036
0
3,000
3,072
6,072
8,335
0
700
326
1,026
1,386
0
0
0
0
3,880
3,000
0
570
3,570
6,000
0
1,000
0
1,000
2,000
0
0
1,505
1,505
0
0
0
0
0
3,539
0
1,500
4,351
5,851
5,725
0
3,700
266
3,966
4,143
0
1,000
630
1,630
2,730
3,000
29,650
30,266
62,916
70,279
0
200
643
843
1,975
3,000
29,850
30,909
63,759
72,254

Included in grants were grants totalling £53,907 (2019, £59,294) made to 17 organisations (2019, 24). There were 4 grants (2019, 4) totalling £9,852 (2019, £12,960) to individuals.

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Parochial Church Council of Christ Church, Woking

14. Comparative figures for Statement of Financial Activities For the year ending December 31[st] 2019

The below note provides the comparative figures for the 2019 statement of financial activities split between the different classes of funds

Note
INCOME AND ENDOWMENTS FROM
Donations and legacies from donors
2a
Other donations and legacies
2b
Incoming resources from operating
activities -
to further the Councils' objectives
2c
Income from investment
2d
TOTAL INCOME AND ENDOWMENNTS

EXPENDITURE ON
Grants
3a
Activities directly related to the work of the
church
3b
TOTAL RESOURCES EXPENDED
NET INCOME/(EXPENSE) BEFORE
TAXATION
TAXATION CHARGE FOR THE YEAR
TRANSFERS BETWEEN FUNDS
8

NET MOVEMENT IN FUNDS

BALANCES B/F AT JANUARY 1st

BALANCES C/F AT DECEMBER 31st		 Unrestricted
Funds
Designated
Funds
Restricted
Funds
Total Group
Funds 2019
£
£
£
£
590,166
0
178,021
768,187
52,294
0
5,040
57,334
498,634
0
0
498,634
869
0
0
869
1,141,963
0
183,061
1,325,024
8,000
30,403
33,851
72,254
985,379
10,891
35,311
1,031,581
993,379
41,294
69,162
1,103,835
148,584
(41,294)
113,899
221,189
(3,092)
0
0
(3,092)
27,760
45,637
(73,397)
0
173,252
4,343
40,502
218,097
603,389
159,377
617,215
1,379,981
776,641
163,720
657,717
1,598,078

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Parochial Church Council of Christ Church, Woking

15. PCC Statement of Financial Activities

Note
INCOMING RESOURCES
Incoming resources from donors
2a
Other voluntary incoming
resources
2b
Incoming resources from
operating
activities to further the Councils'
objectives
2c
Income from investment
2d
TOTAL INCOMING
RESOURCES

RESOURCES EXPENDED
Grants
3a
Activities directly related to the
work of the church
TOTAL RESOURCES
EXPENDED

NET INCOMING/(OUTGOING)
BEFORE

TAXATION CHARGE FOR THE
YEAR
TRANSFERS BETWEEN FUNDS
8
NET MOVEMENT IN FUNDS

BALANCES B/F AT JANUARY
1st

BALANCES C/F AT DECEMBER
31st		 Unrestricted
Funds
Designated
Funds
Restricted
Funds
Total PCC
Funds 2020
Total
PCC
Funds
2019
£
£
£
£
£
536,413
0
142,417
678,830
768,187
231
0
5,693
5,924
57,334
32,085
0
0
32,085
134,098
971
0
0
971
869
569,700
0
148,110
717,810
960,488
3,000
29,850
30,909
63,759
72,254
526,970
2,650
27,492
557,112
671,456
529,970
32,500
58,401
620,871
743,710
39,730
(32,500)
89,709
96,939
216,778
1,077
0
0
1,077
(3,092)
7,047
30,534
(37,581)
0
0
47,854
(1,966)
52,128
98,016
213,686
810,037
163,720
657,717
1,631,474 1,417,788
857,891
161,754
709,845
1,729,4901,631,474

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Parochial Church Council of Christ Church, Woking

16. Origin Books & Media Limited

The Beacon (Christ Church) Limited became a wholly-owned subsidiary of Christ Church from 1st January 2004. The Company was renamed Origin Books & Media Limited in 2010. It operates a bookshop and the Twelve Thirty Café within the church premises.

It is recognised that the Origin Books & Media subsidiary was in material deficit at the year end. The PCC intends to continue supporting Origin Books & Media.

At 31st December 2020 it had current assets of £104,545 (2019, £129,318), liabilities of £160,622 (2019, £166,053) and funds of (£55,401) (2019, (£34,480)). The summary of its Profit and Loss Account for the year ended 31st December 2020 is as follows:

Turnover
Expenditure
(Loss)/Profit for the year		 2020
£
220,722
241,643
(20,921)		 2019
£
368,258
364,566
3,692

The stock shown in the group Balance Sheet consists of books, media, gifts and catering supplies.

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