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

2024-12-31-accounts

Town Square Woking Surrey GU21 6YG

Guildford Diocese

Annual Report & Accounts of the Parochial Church Council of the Ecclesiastical Parish of Woking, Christ Church Charity Number 1130005

Year ended 31 December 2024

Incumbent: Adrian Beavis

Christ Church Vicarage 10 Russetts Close Woking Surrey GU21 4BH

Auditors:

Shaw Gibbs (Audit) Limited Chartered Accountants and Statutory Auditors 264 Banbury Road Oxford OX2 7DY

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Christ Church Woking – Annual Report & Accounts 2023

The leadership team of the church present the Annual Report and Accounts for the year ended 31 December 2024. 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 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 of the Ecclesiastical Parish of Woking, Christ Church (“PCC”) is a charity formerly excepted from registration with the Charity Commission but registered in June 2009, Charity Number 1130005. The PCC having responsibility together with the incumbent for the whole mission of the Church, met bi-monthly during 2024. 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 Reverend Adrian Beavis
Associate Vicar Reverend Emma Dornan From Sept 2023
Non-stipendiary Ministers Reverend. Martin Smith
Reverend Phil Simpson
Wardens Amy Hiorns Until April 2024 3rd term
Michael Pearce Elected April 2024 3rd term
Sandra Anderson Elected April 2024 1stterm
Diocesan Synod Reps Steve Roberts From APCM 2023 4thterm
Steve Morris From APCM 2023 6thterm
Gordon McFarland From APCM 2023 2ndTerm
Deanery Synod Reps Beryl Keeley From APCM 2023 4thterm
John Wythe Until APCM 2024 3rdterm
Terry Garde From APCM 2024 1stterm
Elected Members Mel Hemmings From APCM 2021 2ndterm until April 2024
Jon Gale From APCM 2023 2ndterm until April 2024
Linda Brown From April 2022 1stTerm until April 2024
Roy Low From April 2022 1stTerm
Ruth McHutchon From April 2023 1stTerm
Phil Jackson From April 2023 1stTerm
Ian Hood From April 2024 1stTerm
Liz Agar From April 2024 1stTerm
Andrew Olaye From April 2024 1stTerm

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Christ Church Woking – Annual Report & Accounts 2023

Rob White

Co-opted from December 2023 Elected form April 2024 1[st] Term

At the Annual Parochial Church Meeting (APCM), held on 29 April 2024:

We thank them all for their willingness to stand and for faithful service to the PCC.

Structure, Governance and Management

The appointment of PCC members is governed by 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 three 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 three-year cycle. Christ Church Woking has been granted five Deanery Synod representatives and their election took place at the APCM on the 24 April 2023. The next election will be in April 2026.

The church is heavily reliant upon the volunteer involvement of its members and in most areas the staff or members of the congregation are involved in the charitable activities. The church also chooses to give grants to selected partner organisations with similar aims.

The principal activities and achievements within the year are set out below. The PCC has complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission regarding public benefit.

The PCC has considered the principal risks to which the church is exposed and are satisfied that appropriate risk management and internal controls systems and processes are in place to effectively manage these risks.

Purpose and Objectives

Christ Church Woking (CCW) 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 church, our mission and ministry are guided by five core values:

  1. WORSHIP CCW is called to be a place of passionate Spirit-filled, seeker-friendly worship, where we enjoy God’s presence and where those who do not yet know Jesus discover more of his love.

  2. WELCOME CCW is called to be a place where all people, irrespective of age, race, culture, or background, find a warm welcome, into the life of the church, a place of belonging, and a place to serve and use their giftings.

  3. WITNESS CCW is called to be a church that shares the love of Jesus Christ, in word and in action, both sharing the good news of Jesus in words, and showing the good news of Jesus in action.

  4. WALKING WITH JESUS CCW is called to be a church where every member, whatever age, grows as a disciple of Jesus, growing closer to Jesus, growing more like Jesus, and going more for Jesus.

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Christ Church Woking – Annual Report & Accounts 2023

5. WOKING & THE WORLD CCW has a unique calling as a witness for Christ in Woking Town Centre, to support our local partner churches and reach the increasing global Woking community. We are called to support Christ’s global church by supporting our Mission Partner Families and Organisations

The PCC has responsibility for the stewardship of the Parish Church, its offices and rooms, plus Orchard Drive, a church-owned property currently occupied by the Associate Vicar. CCW employs a staff team and is significantly supported by volunteers contributing to many areas across men and women’s groups, prayer support, Life Groups , children’s and youth work, hospitality, music and worship, finance, buildings operations and maintenance and information and technology services.

Review of the year

Christ Church had a good year in 2024. Guided by our GLOW25 vision we’ve seen encouraging growth in depth and life in the worshipping family, even whilst much of our focus has been on preparing for the Gateway building project shortly beginning in March 2025. This project will redevelop and optimise the existing buildings and extend the property with a youth centre available for public use.

WORSHIP – our regular Sunday services continue to be places of strong worship, witness and welcome. Our 9am service and 6.30pm service (overseen by Associate Vicar, Emma) have established a regular and committed core congregation, with the 6.30pm also benefiting from regular “ Second Sunday Socials ”. The 10.30am service tends to be more varied with attendance due to the large number of young families attending. Our midweek Life Groups continue to be an essential part of the worshipping and discipleship (“Walking with Jesus”) life of the church, with around 200 people regularly connected in groups. Our worship ministry team has grown over the year, led and co-ordinated by Jon Paynter, our Worship Pastor, and in 2024 we had two focused Worship events, The Feast and The Feast Special , where guest speaker, Justin Brierley, encouraged people to explore the claims of Jesus and sign up for the Alpha Course, we began in September.

YOUTH & CHILDREN’S MINISTRY – our Kids Ministry continues to serve, strengthen and support the families of Christ Church, with our Sunday and midweek ministry regularly connecting with around 90 children throughout the year. Hannah Joyce, our Children’s Pastor, also connects with our local primary school, Maybury Primary , to provide after school clubs and hosts lessons in the church. This year we also had our first Holiday Club, Codebreakers , which saw around 40 children coming into the church each day for activities, fun, bible teaching and food. Sunbeams continues to run as a weekly drop-in playgroup for young parents, and parents were further supported with a ParentTalk parenting course .

Our C4 Youth Ministry continues to strengthen under the leadership of Matt Burrage, our Youth Pastor. The two Sunday C4 groups , in the morning and evening, are now both around 15-20 people each week, and the new midweek hubs on Tuesdays and Wednesdays are going well. In 2024 Matt led the first Overseas Youth Mission Trip since Covid, taking a team of 10 young people and leaders to Turning Point Trust in Kibera, Nairobi to run their summer holiday club. Seeing this team form, learn about Kibera, go about the task of fundraising, and then serving the people of Kibera, was one of the highlights of the year.

WITNESS TO THE WORLD –our usual outreach courses that we run are Alpha & Kintsugi Hope. Alongside these we continued with our weekly Warm Welcome Space which is a welcoming drop in on Wednesdays for all those seeking friendship, support and who maybe battling isolation and loneliness. This ministry originally started to support people with through the winter months of 2022-23. It has since met weekly and connects with around 20-30 people for friendship, food, pastoral support and advice. It will continue to meet in the Maybury Centre when the Gateway project closes the building in early 2025. Our Christians Against Poverty (CAP) Centre entered its 16[th] year under Sarah Goddard’s leadership. CAP is funded via dedicated donors and through a grant from our Isaiah Fund . Though the CAP centre is much busier than in previous years, with Sarah fully booked, the dedicated income donated to the CAP fund was lower than prior years, and so receives a larger grant from the Isaiah Fund .

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Christ Church Woking – Annual Report & Accounts 2023

We continue to support our Mission Partner Families and organisations from around Woking and the world through two funds; our First Fruits fund is a designated fund which is calculated on the basis of 5 per cent of the previous year’s unrestricted donations and is set aside for our Mission Partner Families and our Isaiah Fund which is funded by Sunday collections and an annual Gift Day supports our Partner Organisations who are charitable organisations that we support around the Woking and the world. In 2024 the two funds together gave just over £77k to our Mission Partners . This is a testimony to the generous heart of our CCW church congregation, and our commitment to support mission and ministry beyond our four walls, to enable God’s love to be shared around the world. A full list of our grants is shown in note 13 Grants.

BUSINESSES AND BUILDINGS – overall our businesses made a strong positive financial contribution to the church at the same time providing valuable missional opportunities into the town.

The Café had a good year posting a profit of £7k. There were a number of changes in personnel during the year, but the café team delivered a solid performance, creating a welcoming and supportive atmosphere for its customers. The team also adjusted to the planned furlough scheme, which will financially support our team whilst the café closes for the Gateway project.

The Origin Bookshop performed well despite a tough trading environment for Christian bookselling and made a loss of £8k. Our hope is that with the refurbishment of the bookshop in Gateway project, with a new shop layout with more seating and space and a more targeted offering, the bookshop will continue to be a valued place to receive pastoral support and Christian resources for people across the town.

Our room hire Conferencing operations had an extremely strong year, finally recovering to pre-pandemic levels of business generating income of £96k. As Business Operations Manager, Shane Lee oversaw the strengthening of this work, and in March we took on a part-time conferencing manager.

GATEWAY – 2024 saw a year of significant progress on the Gateway project, our building project to update the church for the 21[st] century which will develop the church buildings including updating all our systems, expanding our building and opening up visibility to Woking town square. We held a final “precommencement” Gateway Gift Day in October and received full planning permission (‘Faculty’) from our local Diocese in November. We were also successful in raising £700k in grants towards the project, some of which will be realised once work fully begins, bringing the total raised to £3.8m to date. Work officially began on 24 Jan 2025, with church scheduled to fully close on 24 March 2025 for around seven months.

SAFEGUARDING - CCW takes the safeguarding of children and adults seriously. Every year our PCC adopts and implements the House of Bishops’ Safeguarding Policy Statement, displayed in the church entrances with contact details that anyone can use. We use the Safeguarding Dashboard to track our progress on compliance with policies and procedures, and in 2025 the diocese is rolling out a Safeguarding Tracking System to help us with safer recruitment and training of church staff and volunteers for those working with children and vulnerable adults. All reported concerns continue to be escalated to the Diocesan safeguarding advisor for action or advice. Our safeguarding officers are Rachel Allen for children and Sarah Goddard for vulnerable adults.

CONCLUSION – 2025 will be a year of great change and challenge for Christ Church, as we leave the building, continue to fundraise and guide the Gateway project through to completion, and establish off-site church on Sundays and through the week. Though the challenges are great, there is an incredibly strong staff team and committed team of volunteers serving in every area of church life, and a church with a deep and generous heart. Although the next year will cause us to lean more strongly on our faith and fellowship than ever before, our verse for the year reminds us that “God will do immeasurably more than all we ask or imagine, according to his power at work in us.” Ephesians 3.20.

Revd Adrian Beavis, Vicar of Christ Church Woking, Chair of CCW PCC.

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Christ Church Woking – Annual Report & Accounts 2023

Sunday service attendance statistics 2024

Average
attendance
figures		 Adults Youth and childrenc Youth and childrenc Youth and childrenc
Servicea 2019c 2021b 2022 2023 2024 2019 2021 2022 2023 2024
8:00/9:00
am		 10 42 44 46 50 - - - - -
10:00
/10.30 am		 188 109 132 152 138 70 13
Youth
45
Children		 16
Youth
46
Children		 16
Youth
54
Children		 13
Youth
54
Children
10:30 am -
Onlined		 - 80 79 98 80 - - - - -
6.30pmc 61 60 56 54 69 - - 6 13 10

Notes:

a In 2019 morning services were at 8:00am and 10:00am and changed in 2021 to 9:00am and 10:30am

b 2020 attendance figures not reported due to Covid-19 pandemic which also impacted early 2021 figures

c Youth and children reported in aggregate for 2019, also for 6:30pm service due to few and irregular numbers

d Online worship service attendance figures represent viewing figures across each full Sunday reflecting that households may watch together on one device or separately on multiple devices at different times over the course of the Sunday

Financial Review

The financial statements provide a consolidated view on the activities of the Church covering its mission, ministry and operational businesses. The Review of the Year report above describes the full range of events and activities that the Church has undertaken and been involved in during 2024.

That said, the Church has been blessed with sustained strong regular giving for continuing activities and one-off donations particularly for our Gateway church premises redevelopment project.

Total income decreased £300k to £1,676k (2023: £1,976k) including associated income tax recoveries due to greater donations received in 2023 for the Gateway project. Unrestricted fund income from donors was £495k unchanged from 2023. Restricted funds income decreased to £428k compared to £964k in 2023. The majority of this was received from two specific gift days for our Gateway project with total Gateway donations and interest income amounting to £562k (2023: £881k)].

Interest received on cash deposits increased to £65k (2023: £39k) due to the higher balances invested on behalf of the Gateway project and continued to benefit from continued high interest rates. See note 2 Income and Endowments for further information.

Total grants paid amounted to £77k (2023: £77k). The First Fruits designated grants fund comprises 5% of the previous year’s unrestricted donations and therefore for 2024 at £24k was a lower amount compared to 2023. During 2024, designated funds distributions of £24k (2023: £25k) was distributed to 5 (2023: 5) partner organisations. Grants made from designated and restricted funds, including our Isaiah Fund,

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Christ Church Woking – Annual Report & Accounts 2023

totalled £77k (2023: £77k) which were made to 17 (2023: 26) partner organisations. See note 13 Grants for further information.

Total expenditure, excluding grants, Café and bookshop costs, amounted to £1,052k in line with 2023 at £1,042k.

Business activities income from the Café, bookshop and conferencing room hire amounted to £517k (2023: £472k) an increase of £45k with all three activities delivering improved performance compared to 2023. The profit from the Café and bookshop after all associated costs was nil compared to a profit of £12k in 2023. Revenue income from conferencing room hire was £96k compared to £52k in 2023.

Total net incoming resources for the group were £547k (2023: £856k) primarily due to the Gateway project donations.

Fixed asset expenditure was £2k (2023: £13k) which was mostly for the business activities.

Total net assets and reserve funds at year end were £3,155k compared to £2,614k in 2023 primarily reflecting the additional donations for the Gateway fund during the year

Net current assets of the group increased by £560k to £2,999k (2023: £2,439k) primarily due to the additional Gateway project donations. Net asset balances included cash and deposit balances of £2,022k (2023: £1,734k), Gateway project prepayments of £851k (2023: £409k) which will be capitalised at the end of the project and income tax recoverable of £26k (2023: £248k).

Unrestricted funds increased to £1,327k (2023: £850k) as a result of the change in Gateway prepayments representing the project spend in the year. At the year end the unrestricted reserves, excluding fixed assets and Gateway prepayments, were £320k (2023: £266k) which is the equivalent of 119 days of corresponding unrestricted expenditure (2023: 101 days).

Designated funds reduced by £42k to £129k from £171k in 2023 mainly due to the release of £39k from the major repairs fund back to unrestricted for work scope that will be covered by Gateway. The restricted funds increased to £1,700k from £1,593k, mainly due to Gateway project donations and interest income offset by project spend during the year. Restricted funds were reviewed to ensure they continued to meet their intended purposes. Where these purposes were complete, then appropriate transfers were made to other restricted funds of the same or similar nature which have current activities that require funding.

Net transfers to unrestricted funds amounted to £449k funded by designated funds £6k and restricted funds £443k. The transfer from the designated funds represents the release of £39k from major repairs offset by funding for First Fruits fund of £24k and vicarage property fund £9k. The transfer from the restricted funds represents principally the Gateway project expenditure during the year. All balances remaining in designated and restricted funds at the end of the year are funded solely by cash balances.

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

Rob White Treasurer

Dated 16 April 2025

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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 16 April 2025 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 and its subsidiary (the group) for the year ended 31 December 2023 which comprise the Consolidated Statement of Financial Activities, the Consolidated and Company Balance Sheet, the Consolidated Cash Flow Statement and the notes to the financial statements on pages sixteen to twenty seven. 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.

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Parochial Church Council of Christ Church, Woking

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:

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 9, 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 144 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:

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Parochial Church Council of Christ Church, Woking

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:

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.

Use of our report

This report is made solely to the members of the PCC, as a body, in accordance with Chapter 4 of the Charities 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

Shaw Gibbs (Audit) Ltd., Statutory Auditor 264 Banbury Road Oxford OX2 7DY Date Lance Kadman 16 April 2025

Lance Redman (Senior Statutory Auditor) For and on behalf of Shaw Gibbs (Audit) Ltd.

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Parochial Church Council of Christ Church, Woking

Consolidated Statement of Financial Activities

For the year ending 31 December 2024

Note
INCOME AND ENDOWMENTS
FROM
Donations from donors
2a
Other donations and legacies
2b
Incoming resources from operating
activities:
-
To further the Council’s
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 INCOME/(EXPENSE)
Taxation
12
Transfer between funds
8
NET MOVEMENT IN FUNDS
BALANCES B/F AT 1 JANUARY
14
BALANCES C/F AT 31
DECEMBER		 Unrestricted
Funds
Designated
Funds
£
£
494,938
-
40
-
516,796
-
2,801
-		 Restricted
Funds
Total Group
Funds 2024
£
£
428,216
923,154
170,805
170,845
-
516,796
62,491
65,292		 Total Group
Funds 2023
£
1,460,076
4,949
471,530
39,139
1,014,575
-
-
23,595
980,535
12,287		 661,512
1,676,087
53,109
76,704
59,242
1,052,065		 1,975,694
77,106
1,042,456
980,535
35,882		 112,352
1,128,769		 1,119,562
34,040
(35,882)
(6,379)
-
448,652
(6,203)		 549,160
547,318
-
(6,379)
(442,449)
-		 856,132
-
-
476,313
(42,085)
850,249
171,006		 106,711
540,939
1,592,913
2,614,168		 856,132
1,758,036
1,326,562
128,921		 1,669,624
3,155,107		 2,614,168

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Parochial Church Council of Christ Church, Woking

Balance Sheets as at 31 December 2024

Note Group 2024 Group 2023 PCC 2024 PCC 2023
£ £ £ £
FIXED ASSETS
Tangible Fixed assets 7 156,056 174,860 147,431 162,987
Investment Assets 7 - - 7 7
156,056 174,860 147,438 162,994
CURRENT ASSETS
Stock 92,894 94,178 - -
Debtors 9 966,586 686,300 1,143,445 865,261
Short Term deposits 1,410,186 1,060,806 1,365,209 1,022,469
Cash at Bank and in Hand 611,710 673,119 587,717 644,770
3,081,376 2,514,403 3,096,371 2,532,500
LIABILITIES: AMOUNTS FALLING DUE
WITHIN ONE YEAR 10 82,325 75,095 56,553 49,490
NET CURRENT ASSETS 2,999,051 2,439,308 3,039,818 2,483,010
NET ASSETS 3,155,107 2,614,168 3,187,256 2,646,004
FUNDS 8
Unrestricted 1,326,562 850,249 1,358,711 882,081
Designated 128,921 171,006 128,921 171,006
Restricted 1,669,624 1,592,913 1,669,624 1,592,917
3,155,107 2,614,168 3,187,256 2,646,004

The notes on pages 16 to 27 form part of these accounts.

Approved by the Parochial Church Council on 16 April 2025 and signed on its behalf by:

Adrian Beavis Vicar

Michael Pearce Church Warden

.

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Parochial Church Council of Christ Church, Woking

Parochial Church Council of Christ Church, Woking
Statement of Cash Flows for the year ended 31 December 2024
Note 2024 2023
£ £
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash generated from operating activities A 224,487 588,135
CASH FLOW FROM INVESTING ACTIVITIES
Interest received 65,292 39,139
Expenditure on capital items (1,808) (13,411)
Net cash used for investing activities 63,483 25,728
Change in cash and cash equivalents in the reporting period 287,970 613,863
Cash and cash equivalents at the beginning of the reporting period 1,733,925 1,120,062
Cash and cash equivalents at the end of the reporting period 2,021,896 1,733,925
Classified on the balance sheet as:
Short term deposits 1,410,186 1,060,806
Cash at Bank and in hand 611,710 673,119
2,021,896 1,733,925
NOTES TO THE STATEMENT OF CASH FLOWS:
A. RECONCILIATION OF NET INCOME TO NET CASH GENERATED FROM OPERATING ACTIVITIES
2024 2023
£ £
Net surplus for the year 540,939 856,132
Other (loss on disposal of assets) - 316
Interest received (65,292) (39,139)
Depreciation of tangible assets 20,612 24,573
(Increase)/decrease in debtors (280,286) (242,746)
(Increase)/ decrease in stock 1,284 (6,631)
(Decrease)/ increase in creditors 7,230 (4,370)
NET CASH GENERATED FROM OPERATING ACTIVITIES 224,487 588,135

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Parochial Church Council of Christ Church, Woking

Notes to the Financial Statements

For the year ended 31 December 2023

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 2019). 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

Other ordinary income

Income from investments

Gains and losses on investments

Consolidation

The results of Origin Books & Media Ltd for the year ended 31 December 2024 have been consolidated on a lineby-line basis. The company is limited by shares and under the control of the church.

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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 1 January 1995, at market value as at 1 January 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 Furniture and Fittings Over 10 years Equipment Over 4 years

Investments

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

Current Assets

Taxation

Corporation tax is chargeable on the profit earned from the conferencing business, unless the turnover is below the small trading exemption limit.

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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 Income
2 (c) Church Activities
Café
Bookshop
Conferencing room hire
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 and development agencies
Home missions and church societies		 Unrestricted
funds
Designated
Funds
£
£
300,115
-
91,430
-
103,393
-		 Restricted
Funds
£
292,885
73,221
62,109		 2024
£
593,000
164,651
165,502
494,938
-		 428,216 923,154
-
-
-
-
20
-
-
-
20
-		 149,226
-
-
21,579
-		 149,226
-
20
21,579
20
40
-		 170,805 170,845
273,535
-
146,050
-
95,509
-
-
-
1,703
-		 -
-
-
-
-		 273,535
146,050
95,509
0
1,703
516,796
-		 - 516,796
2,801
-		 62,491 65,292
2,801
-		 62,491 65,292
1,014,575
-		 661,512 1,676,087
Unrestricted
funds
Designated
Funds
£
£
-
14,880
-
2,100
-
6,615		 Restricted
Funds
£
18,951
3,527
30,631
-
23,595		 53,109 76,704
77,106

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Parochial Church Council of Christ Church, Woking

3. Expenditure on (continued)

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

Ministry:
Diocesan parish share
Teaching and Ministry
Clergy expenses
Clergy housing
Church running expenses:
Utilities
Insurance
Maintenance
Conferencing
Church centre costs
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
Events
Bookshop
Café
Other expenditure
Printing, postage and stationery
Administration salaries
Telephone and communication costs
Bank charges
Accountancy Fees
Staff training and HR expenses
Loss on sale on fixed assets
Depreciation
Auditor’s remuneration
TOTAL EXPENDITURE		 Unrestricted
funds
Designated
Funds
Restricted
Funds
2024
2023
£
£
£
£
£
119,566
-
-
119,566
119,373
39,834
-
-
39,834
18,617
2,572
-
800
3,372
1,164
610
5,446
-
6,057
6,567
48,329
-
-
48,329
65,649
9,744
1,117
-
10,861
9,739
41,698
5,724
-
47,422
47,192
3,793
-
-
3,793
6,907
89,626
-
-
89,626
81,795
36,916
-
-
36,916
42,298
4,192
-
-
4,192
4,084
37,181
-
-
37,181
34,598
4,512
-
2,893
7,405
3,533
35,974
-
-
35,974
34,789
665
-
-
665
2,520
1,926
-
28,457
30,383
4,531
2,708
-
-
2,708
2,988
-
-
19,523
19,523
22,605
-
-
5,465
5,465
5,335
-
-
-
-
39,151
153,784
-
-
153,784
149,503
263,492
-
-
263,492
245,918
0
-
74
74
49
3,321
-
-
3,321
3,066
24,213
-
-
24,213
23,641
14,668
-
-
14,668
14,789
1,407
-
2,030
3,436
6,389
263
-
-
263
431
5,639
-
-
5,639
7,358
-
-
-
-
316
20,613
-
-
20,613
24,573
13,223
-
-
13,223
12,988
980,535
12,287
59,242
1,052,065
1,042,456
980,535
35,882
112,352
1,128,769
1,119,562

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Parochial Church Council of Christ Church, Woking

4. Staff Costs

4. Staff Costs
Group 2024 Group 2023
£ £
Wages and Salaries 416,372 400,048
Pension Costs 19,337 18,814
Social Security Costs 27,577 25,251
463,286 444,113
Average number of full time and equivalent employees
Youth Ministry 1.0 1.0
Pastoral Ministry 2.0 1.3
Children’s Ministry 1.0 1.3
Worship Ministry 1.0 1.0
Church Centre 1.6 1.6
Administration 1.9 1.7
Christians Against Poverty 0.5 0.6
Bookshop 1.6 1.7
Café 4.9 5.2
15.5 15.4

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 £267 was paid in the year (2023: £631).

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

6. Related Party Transactions

Intercompany

At 31 December 2024 there was an outstanding balance due from its subsidiary Origin Books and Media Limited £63,014 (2023: £63,014). No interest is charged on this loan and it is the intention of the church to continue to support its subsidiary.

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Parochial Church Council of Christ Church, Woking

7. Fixed Assets for use by the PCC

TANGIBLE FIXED ASSETS Freehold
Land and
Buildings
Equipment		 Furniture and
Fittings		 Total
Group £
£		 £ £
Cost
At 1 January 2024 210,000
150,473		 372,326 732,799
Additions -
1,808		 - 1,808
Disposals -
-		 - -
At 31 December 2024 210,000
152,281		 372,326 734,607
Depreciation
At 1 January 2024
Charge for the Year
Disposals
At 31 December 2024
Net Book Value At 1 January 2024
Net Book Value At 31 December 2024
PCC
Cost
At 1 January 2024
Additions
Disposals
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the Year
Disposals
At 31 December 2024
Net Book Value At 1 January 2024
Net Book Value At 31 December 2024		 99,400
133,180
-
6,034
-
-		 325,358
14,579
-		 557,938
20,613
-
99,400
139,214		 339,937 578,551
110,600
17,292		 46,968 174,860
110,600
13,067		 32,389 156,056
210,000
123,646
-
805
-
-		 335,430
-
-		 669,076
805
-
210,000
124,451		 335,430 669,881
99,400
115,000
-
4,244
-
-		 291,689
12,116
-		 506,089
16,360
-
99,400
119,243		 303,806 522,449
110,600
8,647		 43,740 162,987
110,600
5,207		 31,624 147,431

Freehold land and buildings represent a property that is currently used by the Associate Vicar in Orchard Drive, Woking. The deemed cost is the PCC’s estimate of market value in 1995 when this asset was first recognised in the accounts.

Investment Fixed Assets

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

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Parochial Church Council of Christ Church, Woking

8. Analysis of Net Assets by Fund

Group
Fixed Assets
Current Assets
Current Liabilities
Funds Balance at 31 December 2024
PCC
Fixed Assets
Current Assets
Current Liabilities
Funds Balance at 31 December 2024		 Unrestricted
Funds
£
156,056
1,252,831
(82,326)		 Designated
Funds
£
-
128,921
-		 Restricted
Funds
£
-
1,699,624
-		 Total Funds
£
156,056
3,081,376
(82,325)
1,326,562 128,921 1,699,624 3,155,107
147,438
1,267,826
(56,553)		 -
128,921
-		 -
1,699,624
-		 147,438
3,096,371
(56,553)
1,358,711 128,921 1,699,624 3,187,256

At year end Group Unrestricted Net Current Assets, net of Gateway prepayments, were £325,498 (2023: £266,303) being Current Assets £1,258,574 (2023: £750,484) less Gateway prepayments £850,750 (2023: £409,086) less Current Liabilities £82,326 (2023: £75,095).

These reserves represented 119 days (2023: 101 days) of Unrestricted Expenditure as shown in the statement of financial activities £319,756 / £980,535 x 365 (2023: £266,312 / £960,092 x 365).

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Parochial Church Council of Christ Church, Woking

8. Analysis of Funds

Designated funds1
Designated Grants
Subtotal Charity and Mission
Cyclical Repairs
Major Repairs
Orchard Drive/Vicarage
Gateway Project
Subtotal Buildings
Total Designated funds
Restricted Funds1
Restricted Grants
Henry Smith2
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
Pastoral3
Warm Welcome Space
Growing Leaders
Care Network Fund
Fundraising – Turning Point
Trust and Gateway
Subtotal Ministry
IT and audio visual
Subtotal Equipment
Restricted Buildings Fund
Gateway Project
Subtotal Buildings
Total Restricted Funds		 Balance at 1
January 2024
13		 Incoming
Resource
-		 Resource
Expended
(23,595)		 Transfer
between
funds
24,473		 Balance at 31
December
2024
891
13 - (23,595) 24,473 891
21,783
39,326
10,184
99,700		 -
-
-
-		 (5,724)
-
(6,563)
-		 -
(39,326)
8,650
-		 16,059
-
12,271
99,700
170,993 - (12,287) (30,676) 128,030
171,006 - (35,882) (6,203) 128,921
Balance at 1
January 2024
10,337
2,121
101
1,016
13
99
13,559		 Incoming
Resource
50,650
2,464
160
22,101
-
-
14,190		 Resource
Expended
(53,110)
(1,728)
(36)
(23,261)
-
-
(22,553)		 Transfer
between
funds
-
-
(225)
144
(13)
-
-		 Balance at 31
December
2024
7,877
2,857
-
-
-
99
5,196
27,246 89,566 (100,688) (95) 16,029
428
3,786
1,042
488
180
-		 -
-
1,572
-
-
8,272		 -
(700)
(588)
-
-
(8,272)		 (428)
-
405
(488)
(180)
-		 -
3,086
2,431
-
-
-
5,924 9,844 (9,560) (691) 5,517
10,302 - - - 10,302
10,302 - - - 10,302
3,750
1,545,691		 -
562,102		 -
(2,104)		 (3,750)
(437,914)		 -
1,667,776
1,549,441 562,102 (2,104) (441,664) 1,667,776
1,592,913 661,512 (112,352) (422,449) 1,699,624

1 The Designated and Restricted Grants funds are for missionary and charitable giving.

2 The Henry Smith Charity fund is used by the vicar for those in need – restricted to a specific geographic area. 3 The Pastoral fund includes gifts for pastoral activity, including church events.

PCC funds are as Group funds, excluding the Group Restricted Buildings fund.

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Parochial Church Council of Christ Church, Woking

9. Debtors

Income Tax Recoverable
Amounts due from Group Undertaking
Prepayments and Accrued interest
Gateway Prepayments
Other Debtors		 Group 2024
Group 2023
PCC 2024
PCC 2023
£
£
£
£
26,330
248,089
26,330
248,089
-
-
177,882
181,017
1,860
14,197
1,860
14,198
850,750
409,086
850,750
409,086
87,646
14,928
86,623
12,871
966,586
686,300
1,143,445
865,261

The Church’s loan to the subsidiary is repayable on demand however the Church considers 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
Other creditors & deferred income		 Group 2024
Group 2023
PCC 2024
PCC 2023
£
£
£
£
48,004
39,176
45,795
36,884
9,146
13,440
4,380
9,880
25,175
22,479
6,378
2,726
82,325
75,095
56,553
49,490

11. Capital and financial commitments

Capital commitments as at 31 December 2024 amounted to nil and related the Gateway redevelopment project of the church buildings.

There were no financial commitments under operating leases as at 31 December 2024.

12. Taxation

The taxable profit in the year was £33,574 (2023: nil) and the tax liability and charge of £6,379 (2023: nil).

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Parochial Church Council of Christ Church, Woking

13. Grants

13. Grants
Grants of £1,000 and over
Across
Arocha
Besom
Bethesda Life Centre
Christians Against Poverty
Elam
Engage Woking
Faith to Share
Fusion
International Miner's Mission (IMM)
Interserve GBI
James 1 V 27 Foundation
Lebanon ( Emil and Reem)
Match for Mission
OMF International UK
Turning Point Trust
Wycliffe Bible Translators
York Road Project
Other grants of less than £1,000
Total grants		 Unrestricted
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Designated
Restricted
2024
2024
£
£
-
4,000
-
-
2,000
-
7,500
-
10,500
-
1,000
-
8,813
2,100
1,622
3,600
-
-
-
3,000
1,250
-
-
-
1,364
-
1,050
-
-
6,480
6,813
8,400
-
-
3,615		 Group
Group
2024
2023
£
£

4,000
4,400
-
1,000

2,000
3,449

7,500
-

10,500
10,000

1,000
1,000

8,813
7,000
3,722
1,500
3,600
3,000
-
1,000

4,250
-
-
6,000

1,364
-

1,050
-
-
8,400

13,293
11,307
8,400
7,800

3,615
3,850
- 23,580
49,525		 73,105
69,706
15
3,584		 3,599
7,400
- 23,595
53,109		 76,704
77,106

Grants totalled £76,704 (2023: £77,106) which were made to 17 organisations (2023: 26). There were no grants made from unrestricted funds (2023: nil).

During the year there were one donation of £700 to a single family (2023: nil). There were no other donations 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 31 December 2023

The below note provides the comparative figures for the 2023 statement of financial activities split between the different classes of funds.

Note
INCOME AND ENDOWMENTS FROM
Donations and 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)
Transfer between funds
NET MOVEMENT IN FUNDS
BALANCES B/F AT 1 JANUARY
BALANCES C/F AT 31 DECEMBER		 Unrestricted
Funds
Designated
Funds
£
£
495,441
-
1,978
-
471,530
-
1,530
-		 Restricted
Funds
Total Group
Funds 2023
£
£
964,635
1,460,076
2,971
4,949
-
471,530
37,609
39,139
970,479
-
300
25,090
960,092
10,042		 1,005,215
1,975,694
51,716
77,106
72,322
1,042,456
960,392
35,132
10,087
(35,132)
(532)
35,042		 124,038
1,119,562
881,177
856,132
(34,510)
-
9,555
(90)
840,694
171,096		 846,667
856,132
746,246
1,758,036
850,249
171,006		 1,592,913
2,614,168

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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 PCC
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 INVESTING
ACTIVITIES
Taxation
12
Transfers between funds
8
NET MOVEMENT IN FUNDS
BALANCES B/F AT 1 JANUARY
BALANCES C/F AT 31
DECEMBER		 Unrestricted
Funds
Designated
Funds
£
£
494,937
-
40
-
97,212
-
2,160
-		 Restricted
Funds
Total PCC
Funds 2024
Total
PCC
Funds
2023
£
£
£
428,216
923,153
1,460,076
170,805
170,845
4,949
-
97,212
60,349
62,491
64,651
38,820
594,349
-
-
23,595
559,998
12,287		 661,512
1,255,861
1,564,194
53,109
76,704
76,606
59,242
631,527
643,509
559,998
35,882
40,096
(35,882)
(6,379)
-
448,652
(6,203)		 112,352
708,231
720,115
549,160
547,630
844,079
-
(6,379)
-
(442,449)
-
-
476,625
(42,085)
882,086
171,006		 106,711
541,251
844,079
1,592,913
2,646,005
1,801,926
1,358,711
128,921		 1,699,624
3,187,256
2,646,005

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Parochial Church Council of Christ Church, Woking

16. Origin Books & Media Limited

Origin Books & Media Limited is a wholly owned subsidiary of the church and operates a bookshop and 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. Recent years have shown profits and the deficit is gradually reducing.

At 31 December 2024 it had current assets of £162,888 (2023: £162,919), liabilities of £203,654 (2023: £206,620) and a retained deficit of £32,149 (2023: deficit £31,829). The summary of its profit and loss account for the year ended 31 December 2024 is as follows:

Total income
Total expenditure
(Loss)/Profit for the year		 2024
£
421,914
(422,227)
(313)		 2023
£
413,162
(401,108)
12,054

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

Origin Books & Media Limited files its own separate entity accounts with Companies House with registered number 02581840 (England and Wales).

17. Post balance sheet events

The execution of the Gateway Project commenced in January 2025 and the contract to commit to £3.9 million of capital commitments was approved by the PCC on 16 April 2025.

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