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2021-12-31-accounts

Christ Church Tunbridge Wells

Trustees’ Accounts

for the Year ending 31 December 2021

INCUMBENT

Rev Tim Humphrey

Christ Church High Street, Tunbridge Wells, TN1 1UT

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Christ Church Tunbridge Wells

Annual Report and Accounts of the

Parochial Church Council

for the Year ending 31 December 2021

Incumbent:

Rev Tim Humphrey Christ Church High Street Tunbridge Wells Kent TN1 1UT

Principal Bankers:

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

Independent Examiner:

David Stephens FCCA 13 Newlands Road Tunbridge Wells, Kent TN4 9AS

Registered Charity No. 1130248

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References & Administrative Information

The Parochial Church Council (PCC) of Christ Church Parish, Tunbridge Wells in the Diocese of Rochester.

The Composition of the Parochial Church Council 2021/22 of Christ Church Parish is made up of the following members.

■ Vicar

■ Treasurer

Overview of PCC Membership 2021/22

Ex-officio members

Vicar Rev Tim Humphrey Associate Vicar Rev Gordon Taylor Warden Alex Haxton (first elected 2016) Warden Margaret-Anne MacMurchy (first elected 2017) Deanery Synod Duncan MacMurchy (elected 2020) Deanery Synod Anthony Bennett (elected 2020)

Elected Members Elected APC End of Term
John Averill (Treasurer) 2020 2023
Heather East 2020 2023
Sarah Finch 2020 2023
Rita Haxton (Secretary) 2020 2023
John Haynes 2020 2023
Graham Hickson-Smith 2020 2023
Maxine Kennedy 2021 2024
Louise McCredie 2019 Resigned Sept 2021
Mairi Neeves 2021 2024
Flic Roberts 2020 2023
Edward Shaw 2021 2024
John Wegrzyn 2020 2023
Heather Wright 2020 2023

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Standing Committee of the PCC

The Standing Committee is a subset of the PCC. Its job is to carry out the work of the full PCC between PCC meetings, for example, if something urgent arises which does not justify calling an Extraordinary Meeting of the whole PCC. Members of the Standing Committee are elected and approved by the full PCC, and usually serve for a term of three years (renewable). It meets bi-monthly in between PCC meetings, or as required. It is made up of:

Other roles and responsibilities appointed by the PCC

Gift Aid Secretary Stephen East Electoral Roll Officer Rita Haxton Safeguarding Officer Bethan McCreath Chair of Global Mission Partners Team Anthony Neeves Treasurer John Averill PCC Secretary Rita Haxton

Other sub-committees include Finance, Buildings, Pay & Personnel and Mission Partners.

Principal Bankers

Charities Aid Foundation Bank Ltd 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ

Independent Examiner

David Stephens FCCA 13 Newlands Road, Tunbridge Wells, Kent, TN4 9AS

The day-to-day management has been delegated to the incumbent.

1) Governance & Management

The functioning and purpose of the PCC is outlined in the Parochial Church Council’s Powers and Measures 1956.

Constitution

The PCC is a corporate body constituted under Trust Deed dated 19[th] June 2009. Registered Charity No. 1130248.

The PCC membership is appointed as follows:

Vicar (all clerks in Holy Orders beneficed in or licensed to the parish)

The Vicar is appointed by the Church Patrons and the position is under ‘Common Tenure’.

Church Wardens

Church Wardens are elected annually at the APCM Vestry Meeting.

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Deanery Synod Representatives

Deanery Synod representatives are elected by the Church membership (those on the electoral roll) at the APCM. Deanery Synod members serve for a three-year term. Vacancies that arise during the year are filled by PCC appointment. Deanery Synod representatives represent the Church at the Deanery Synod of Tunbridge Wells.

Readers Licensed to the Parish

Readers can be appointed as members of the PCC at the APCM.

Church Representatives

Church Representatives on the PCC are elected by the Church members (those on the electoral roll) at the APCM meeting. Church Representatives serve for a three-year term.

Co-opted Members

The PCC can co-opt up to two members at any one time.

2) Objectives and Activities

The main activities are the provision of church services, baptisms, weddings, funerals, youth and children’s work and the promotion of the Christian faith through biblical teaching, pastoral care and the provision of opportunities to serve in a range of community-based as well as church activities. In addition, Christ Church serves the local community by allowing the facilities to be used by a large number of community groups.

When planning our activities for the year, the Vicar and the PCC have considered the commission’s guidance on public benefit and its guidance on charities for the advancement of religion. Our mission statement is ‘playing our part in the spiritual and social transformation of Tunbridge Wells and beyond’ and each year the PCC reviews the strategic development plan to ensure all its activities are promoting and developing the vision. To this end, our aim is to enable people both within our parish and beyond, to live out their faith and become strong, confident followers of Christ. Primarily this involves:

3) Achievements and Performance

Despite the challenging circumstances of 2021 the year has brought many encouragements. A growing number of people have joined Christ Church during the year and more life groups have been established.

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In addition the staff and PCC have sought to develop and enable the ministry of Christ Church in the following ways:

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4) Financial Review

More details for 2021 can be found in the financial statements, but some of the highlights include:

The 2021 net income of £81,014 is another great encouragement, following the blessings of 2020. Despite the challenging circumstances of 2021 which included periods of no in person services, our voluntary giving remained encouraging. We received further furlough money from HMRC, but at the same time our projected hall booking income was lower. Much of the net income in 2021 was a result of increased donations by members. We trust that in 2022 the current level of voluntary giving will be sustained, enabling the mission and ministry of the church to be effective, and the PCC commitments achieved.

During the year, we used Mustard Payroll for all payroll processing and staff for our bookkeeping. All payments to suppliers, mission partners and all other third parties were processed internally. Major expenditure items in 2021 was primarily for livestreaming kit, music and audio-visual equipment and a new dishwasher. More information about the fixed assets, and the depreciation policy of the PCC can be found in the 2021 annual financial statements.

On behalf of all in the church I would like to thank those who have served in providing advice, management, and the processing of the finances, including John Averill, the Treasurer, Anthony Bennett, Sherry Taylor and Stephen East for his diligent and confidential management of all Free Will Offerings and Gift Aid tax repayments.

Finally, a big thank you to all of you who have supported the church financially in 2021, your faithfulness enables the work of the Kingdom to continue through our efforts at Christ Church.

Statement of Trustees’ Responsibilities

Charity law 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 its financial activities for that period.

In preparing those financial statements the Trustees are required to:

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The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time of the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.

The PCC’s 2021 accounts have been prepared on a going concern basis.

5) Reserves Policy

The PCC has adopted a policy, as recommended by the Diocese, aimed at keeping a balance on unrestricted funds, if possible, equivalent to at least three months unrestricted payments during the previous year, to cover any emergency situations that may arise. The PCC agree that this aim is adequate going forward having been achieved in 2021. For 2022, this equates to the PCC holding unrestricted reserves of £114,670 or more.

Approved by the PCC on 9th May 2022 and signed on its behalf by

Rev Tim Humphrey PCC Chairman

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Independent Examiner’s Report to the PCC Christ Church, Tunbridge Wells

I report on the accounts of the Trust for the year ended 31[st] December 2021, which are set out on pages 11-16.

Respective responsibilities of Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000.00 and I am qualified to undertake the examination by being a qualified member of the Chartered Association of Certified Accountants.

It is my responsibility to:

Basis of Independent Examiner’s Report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

  1. Which gives me reasonable cause to believe that, in any material respect, the requirements: ▪ to keep accounting records in accordance with section 130 of the 2011 Act; and

  2. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or

  3. To which, in my opinion, attention should be drawn in order to enable a proper

..................................................... David Stephens FCCA 13 Newlands Road Tunbridge Wells, Kent TN4 9AS

Date: 9 May 2022

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Christ Church Tunbridge Wells – Annual Report and Accounts for 2021

TABLE OF CONTENTS

FINANCIAL STATEMENTS ............................................................................................... BALANCE SHEET ................................................................................................................. 11 STATEMENT OF FINANCIAL ACTIVITIES .................................................................................... 12

NOTES TO THE FINANCIAL STATEMENTS .. …………………………………………………………13-16

POLICIES AND FURTHER DETAILS ......................................................................................................................... 1. Accounting Policies ............................................................................................................................. 13 2. Donations and Legacies ..................................................................................................................... 14 3. Staff Costs ............................................................................................................................................. 14 4. Bank Accounts ..................................................................................................................................... 15 5. Debtors ................................................................................................................................................. 15 6. Fixed Assets .......................................................................................................................................... 15 7. Reserves .......................................................................................................................................... 15-16 8. Creditors ............................................................................................................................................... 16 9. Restricted Fund Balances ................................................................................................................... 16 10. Missions ................................................................................................................................................. 16

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FINANCIAL STATEMENTS PCC of Christ Church, Tunbridge Wells Balance Sheet As of 31 December 2021

Fixed Assets Note
Buildings
Crabb Hall
Fixed assets8
Total Fixed Assets 3
Current Assets
Debtors7
Cash at Bank and in hand6
Creditors
Falling due within one year10
Net Current Assets
Total Assets less current liabilities
Creditors
Falling due after one year8
Total Net Assets
Funds of Charity
Restricted Funds11
Unrestricted Funds
General Fund

Designated – Community Transformation
Designated – Discipleship Year
Total Funds		 2021
2021
2021
2020
Unrestricted Restricted
Total Funds
Total Funds
832,000
62,106
832,000
62,106
832,000
71,788
894,106
894,106
903,788
28,968
28,968
21,712
446,628
3,898
450,526
366,901
475,596
3,898
479,495
388,613
6,348
6,348
6,162
469,248
3,898
473,147
382,451
1,363,355
3,898
1,367,253
1,286,239
832,000
-
832,000
832,000
£531,355
£3,898
£535,253
£454,239
3,898
3,898
9,263
516,945
-
516,945
422,514
12,455
-
12,455
20,881
1,955
-
1,955
1,581
£531,355
£3,898
£535,253
£454,239

Approved by the Parochial Church Council on 9[th] May 2022 and signed on its behalf by:

------------------------------Rev Tim Humphrey Vicar

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PCC of Christ Church, Tunbridge Wells Statement of Financial Activities

For the year ending 31 December 2021

Note
Income
Voluntary income4
Rental Income - Hall
Rental Income – Other
Grants received
Other Income
Interest income
Total Income
Expenditure
Charitable Activities
Salaries/Personnel5
Property Costs
Ministry Costs
Church Running Costs
Vicarage Costs
Administration
Mission Partners12
Parish Share
India Appeal
Architects/Development
Independent Examiner
Total Expenditure
Net income before transfers
Transfers between funds
Net income before other
recognised gains/(losses)
Revaluation gains
Net movement in funds
Balances b/fwd 1 Jan		 £531,355
£3,898 £535,253
£444,976
£9,263 £454,239
2021
2021
2021
2020
2020
2020
Unrestricted Restricted
Total
Unrestricted Restricted
Total
539,533
1,561
541,094
451,324
24,139
475,463
14,474
14,474
12,735
0
12,735
2,390
2,390
4,527
0
4,527
13,122
13,122
35,973
0
35,973
9,423
1,549
10,972
9,836
1,615
11,451
29
29
165
0
165
578,971
3,110
582,081
514,560
25,754
540,314
181,770
181,770
155,917
120
156,037
79,238
79,238
78,604
0
78,604
19,817
19,755
39,572
23,667
27,284
50,951
25,256
1,601
26,857
22,037
0
22,037
8,036
8,036
6,585
0
6,585
1,734
1,734
2,254
0
2,254
32,723
78
32,801
39,340
2,500
41,840
91,400
91,400
86,400
0
86,400
16,714
16,714
-
-
-
1,440
20,955
22,395
1,200
0
1,200
550
550
550
0
550
458,678
42,389
501,067
416,554
29,904
446,458
120,293
(39,279)
81,014
98,006
(4,150)
93,856
(33,914)
33,914
-
(12,579)
12,579
-
86,379
(5,365)
81,014
85,427
8,429
93,856
444,976
9,263
454,239
359,549
834
360,383
Balances c/fwd 31 Dec

The accompanying notes on pages 13 to 16 form part of the financial statements.

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Notes to the Financial Statements

1) Accounting Policies and further details

Basis of Accounting

The accounts have been prepared on a going concern basis, under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the notes to the accounts.

The Accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting Standard applicable in the UK (FRS 102) issued 16 July 2014 and with the Charities Act 2011.

2) Accounting Policies

Funds

General Funds represent the Funds of the PCC which 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 .

Recognition of Income

Income is included in the Statement of Financial Activities (SOFA) when:

Expenditure

All items of expense are accounted for when paid out.

Creditors

Creditors are included at settlement amounts less any discounts.

Debtors

Debtors are included at settlement amounts less any discounts

3) Fixed Assets

Consecrated Property

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Other Fixtures Fittings and Office Equipment

Most items of equipment are written off in the year purchased, except two items purchased in 2019, one being the church boiler which is depreciated over eight years, and the other being church chairs, which are depreciated over four years. In 2020/2021 Livestreaming equipment and lighting was purchased, which is being depreciated over three years.

4) Donations and Legacies

Unrestricted Restricted **Total ** Unrestricted Restricted Total
2021 2021 2021 2020 2020 2020
Donations and
Gifts		 **475,251 ** **1,561 ** 476,812 384,502 24,139 408,641
Income Tax
Recoverable		 **64,282 ** 0 **64,282 ** 66,822 0 66,822
Legacyincome 0 0 0 0 0 0
Total 539,533 1,561 **541,094 ** 451,324 24,139 475,463

5) Staff Costs

During the year the PCC employed

No employee received more than £60,000 per annum.

We also outsourced Payroll, Personnel and Health & Safety to external companies.

The PCC, in compliance with the Pension Regulator, operated a defined contribution pension scheme for all staff. The PCC agreed to make a contribution of 5% towards staff pensions.

There were no disclosable transactions in respect of PCC members or persons closely associated with them.

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2021 2020
Salaries(gross) 156,993 137,494
Employers(ERs)NI 12,115 6,503
ERs Pension Costs 7,695 6,630
Other ERs costs 4,967 5,410
Total 181,770 156,037

6) Bank Accounts

The main Current and Deposit Accounts are with CAF Bank, interest is paid on the deposit account but not on the current account. In common with all other banks interest rates are low at present, but a small standard monthly fee is charged by CAF Bank Ltd.

The Lloyds Bank Account is used only to receive Free Will Offerings made by standing order/bank transfer. To maintain anonymity of the Free Will Offerings, details of the account are kept by the Gift Aid Secretary, who provides a summary to the Treasurer each month. The Lloyds account does not pay any interest.

Regular transfers are made from the Lloyds account to our CAF current account.

7) Debtors

Debtors
2021 2020
Tax Refunds due 19,582 15,372
Hall lettingfees due 5,050 1,004
Re Curate’s housing 4,336 4,336
Sundrydebtors - 1,000
Total 28,968 21,712

8) Fixed Assets

Crabb Memorial Institute Trust

The Crabb memorial Hall is part of the Christ Church Centre and the £832,000 represents 26% of the Christ Church Centre as a whole which is attributed to the Trust.

It should be noted that the original trust deed provides for the value of the trusts proportion to be given to the Church Missionary Society in the event of the building sale and the Crabb Hall not being reinstated elsewhere.

Fixtures and Fittings

During 2021 livestreaming, AV and IT equipment was purchased for a cost of £11,780 (2020: £18,720). In 2019 a new boiler for £47,133 and seating costing £27,444. The boiler is depreciated by 12.5%, the seating by 25%, and the livestreaming, AV and IT by 33.3%.

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2021 2020
NetBookValue @1st Jan 71,788 68,772
NetBookValue @ 31stDec 62,106 71,788

9) Reserves

The PCC has a policy which aims to maintain unrestricted reserves of at least three months expenditure which it and regards as adequate. The policy is reviewed regularly.

10) Creditors

ditors
2021 2020
Pension Scheme 1,239
1,158
HMRC PAYE & NI 3,059
2,954
SundryCreditors 2,050
2,050
Total 6,348 6,162

11) Restricted Fund Balances

estricted Fund Balances
2021 2020
Christ Church Support Fund(CCSF) 2,584 8,216
Women’s ministry 520 175
Men’s ministry 401 424
Goldenyears ministry 218 366
Compassion and Sparklers 175 82
Total 3,898 9,263

12) Missions

All monies given to missions were to organisations.

Christ Church High Street, Tunbridge Wells, TN1 1UT www.cctw.org.uk 01892 522323 info@cctw.org.uk

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