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2023-12-31-accounts

Christ Church Tunbridge Wells

Trustees’ Accounts

for the Year ending 31 December 2023

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 2023

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:

Zachary Ramsden 63 Deakin Leas Tonbridge, Kent TN9 2JT

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 2023/24 of Christ Church Parish is made up of the following members.

■ Treasurer

Overview of PCC Membership 2023/24

Ex-officio members Vicar Rev Timothy (Tim) Humphrey Associate Vicar Rev Gordon Taylor Curate Rev Robert (Rob) Byrne Churchwarden Stephen McCreath (first elected May 2022)

Churchwarden

Sarah Finch (first elected May 2022)

Deanery Synod Heather East (elected May 2023) Deanery Synod Alex Haxton (elected May 2023) Deanery Synod Sabrina Cohen (co-opted June 2023)

Elected Members

Elected Members Elected APCM End of Term APCM
John Averill (Treasurer) 2023 2026
Jon Dalton 2023 2026
John Haynes 2023 2026
Graham Hickson-Smith 2023 2026
Maxine Kennedy 2021 2024
Alison Lovelock 2022 2025
Jacob Mayho 2023 Resigned July 2023
Peter McKerchar 2022 Resigned May 2023
Mairi Neeves 2021 2024
Edward Shaw 2021 2024
Joshua Thomson 2023 2026
Ed Tranter 2023 2026
John Wegrzyn 2023 2026
Kathryn (Katy) Wright 2023 2026
Co-Opted Members
Rita Haxton (co-opted May 2023) 2024

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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

Zachary Ramsden, 63 Deakin Leas, Tonbridge, TN9 2JT

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’.

Churchwardens

Churchwardens 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/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 its 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

Ministry Highlights

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Staffing

In 2023 the PCC has focussed its attention on:

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4) Financial Review

More details can be found in the 2023 annual report and financial statements, but some of the highlights include:

The 2023 total income was £702,318 being 17.8 % more than in 2022: (£596,162). 2023 was therefore a very encouraging year financially, as well as in other ways as stated elsewhere in the annual report. Increasing costs have had a significant impact on many people as well as on church expenditure during 2023. It is good that reserves were built up in 2023 following the reduction experienced in 2022. Despite the challenging circumstances of 2023, voluntary giving to Christ Church was at an encouraging level, much of which was given tax efficiently. Tax repayments to Christ Church totalled £91,736 in 2023 (2022: £70,943), a 29% increase. Tax effective giving by members who have signed Gift Aid declarations is very much appreciated. It enables some tax paid by individuals to further the ministry of Christ Church. The PCC therefore continue to encourage tax effective giving by all members who pay, or have deducted, income and/or capital gains tax. May this financial support of churches and charities continue to be provided by the authorities. We trust that in 2024 the level of voluntary giving will again be encouraging, enabling the mission and ministry of the church to be effective, and the PCC commitments achieved.

During the year, we used Mustard Payroll services for all payroll processing, and our PCC staff for bookkeeping. All payments to suppliers, mission partners and all other third parties were processed internally. Major expenditure items in 2023, included staffing, ministry costs, property costs, support of mission partners and payment of the parish share, which is used to support clergy, training and other support for parish ministry. More information about the fixed assets, and the depreciation policy of the PCC can be found in the 2023 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, Teresa Bailey 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 2023, 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 the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. 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 2023 accounts have been prepared on an accruals basis as a going concern charity.

5) Reserves Policy

The PCC has adopted a policy, as recommended by the Diocese, aimed at keeping a balance of 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 2023. For 2024, this equates to the PCC holding unrestricted reserves of £160,244 (2023: £149,876) or more.

Approved by the PCC on 29[th] April 2024 and signed on its behalf by

Rev Tim Humphrey PCC Chairman

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Independent Examiner’s Report to the Trustees of the Parochial Church Council of Christ Church Tunbridge Wells

I report to the trustees on my examination of the accounts of the above charity for the year ended 31[st ] December 2023.

Responsibilities and basis of report

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

Name: Zachary Ramsden FCA Chartered

Accountant

63 Deakin Leas, Tonbridge, Kent TN9 2JT

Date: 3 May 2024

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Christ Church Tunbridge Wells – Annual Report and Accounts for 2023

TABLE OF CONTENTS

FINANCIAL STATEMENTS ................................................................................................ BALANCE SHEET .................................................................................................................. 11 STATEMENT OF FINANCIAL ACTIVITIES .................................................................................... 12 CASHFLOW STATEMENT ......................................................................................................... 13

NOTES TO THE FINANCIAL STATEMENTS .. …………………………………………………………14-18

  1. Accounting Policies and Further Details ................................................................ 14 2. Accounting Policies …………………………………………………………………… 14 3. Fixed Assests …………………………………………………………………………...14 4. Donations and Legacies ........................................................................................ 15 5. Staff Costs ............................................................................................................. 15 6. Bank Accounts ....................................................................................................... 16 7. Debtors .................................................................................................................. 16 8. Fixed Assets .......................................................................................................... 17 9. Reserves ................................................................................................................ 17 10. Creditors ................................................................................................................ 17 11. Restricted Fund Balances ...................................................................................... 18 12. Missions ................................................................................................................. 18

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FINANCIAL STATEMENTS

PCC of Christ Church, Tunbridge Wells Balance Sheet

As of 31 December 2023

Fixed Assets Note

Buildings
Crabb Hall
Fixed assets8
Total Fixed Assets 3

Current Assets
Debtors & Prepayments7
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
Designated – Building Development
Total Funds
2023
2023
2023
2022
Unrestricted Restricted
Total Funds
Total Funds
832,000
24,016
832,000
24,016
832,000
42,551
856,016
856,016
874,551
35,976
35,976
30,099
496,924
14,435
511,359
451,021
532,900
14,435
547,335
481,120
8,125
8,125
8,779
524,775
14,435
539,210
472,341
1,380,791
14,435
1,395,226
1,346,892
832,000
832,000
832,000
£548,791
£14,435
£563,226
£514,892
14,435
14,435
4,504
517,741
517,741
489,291
8,562
8,562
9,864
1,480
1,480
1,480
21,008
21,008
9,753
£548,791
£14,435
£563,226
£514,892

Approved by the Parochial Church Council on 29[th] April 2024 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 2023

Note
Income
Voluntary income4
Rental Income – Hall/Rooms
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
£548,791 £14,435 £563,226
£510,388
£4,504 £514,892
2023
2023
2023
2022
2022
2022
Unrestricted Restricted
Total
Unrestricted Restricted
Total
608,083
37,178
645,261
551,065
5,729
556,794
28,918
28,918
29,708
29,708
1,812
1,812
1,875
1,875
1,500
1,500
20,683
20,683
4,563
531
5,094
5,644
5,644
1,191
1,191
665,140
37,178
702,318
589,902
6,260
596,162
243,886
243,886
228,854
228,854
131,134
131,134
116,394
116,394
54,859
13,005
67,864
66,004
6,598
72,602
27,864
27,864
27,830
56
27,886
10,247
10,247
8,956
8,956
2,080
3
2,083
2,286
2,286
42,347
11,506
53,853
41,428
118
41,546
109,815
109,815
99,738
99,738
6,678
6,678
7,464
10,247
17,711
560
560
550
550
622,792
31,192
653,984
599,504
17,019
616,523
42,348
5,986
48,334
(9,602)
(10,759)
(20,361)
(3,945)
3,945
(11,365)
11,365
38,403
9,931
48,334
(20,967)
606
(20,361)
510,388
4,504
514,892
531,355
3,898
535,253
Balances c/fwd 31 Dec

The accompanying notes on pages 13 to 18 form part of the financial statements.

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Christ Church Tunbridge Wells Cashflow Statement For the year ended 31 December 2023

Cash flows from operating
activities
Adjustments for:
Depreciation
Movements in working capital:
Movement in Debtors
Movement in Creditors
Cash Generated from Operations
Cash flows from investing
activities
Interest received
Payments to acquire
tangible/investment assets
Net cash generated from investment activities
Net increase in cash and cash equivalents
Cash and cash equivalents at 01 January
2023
Cash and cash equivalents at 31 December
2023
2023
£
42,690
18,535
61,225
5,877
654
54,694
5,644

5,644
60,338
451,021
£511,359
2022
£
-23,813
23,831
18
-1,131
-2,431
3,580
1,191
-4,276
-3,085
495
450,526
£451,021

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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) 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.

Fixtures
Fixtures, Fittings and Equipment
fittings and
equipment
Cost or valuation
Cost at 1 January 2023
109,352
Additions, Disposals, Revaluations, Transfers
Coat at 31 December 2023
109,352
Depreciation
Balance at 1 January 2023
66,801
Depreciation in 2023
18,535
Balance at 31 December 2023
85,336
Net book value
Net book value at 1 January 2023
42,551
Net book value at 31 December 2023
24,016
Total
£
109,352
109,352
66,801
18,535
85,336
42,551
24,016


4) Donations and Legacies

Unrestricted Restricted Total Unrestricted Restricted Total
2023 2023 2023 2022 2022 2022
Donations and
Gifts
516,889 36,636 553,525 477,122 5,729 482,851
Income Tax
Recoverable
91,194 542 91,736 70,943 70,943
Legacyincome 3,000 3,000
Total 608,083 37,178 645,261 551,065 5,729 556,794

5) Staff Costs

During the year the PCC employed

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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 agrees 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.

2023 2022
Salaries(gross) 176,205 166,683
Employers(ERs)NI 13,868 13,221
ERs Pension Costs 8,346 7,527
Other ER costs 3,507 3,499
Diocese re Associate Vicar 41,960 37,924
Total 243,886 228,854

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. 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
2023 2022
Tax Refunds due 24,418 20,724
Hall lettingfees due 2,799 3,772
Re Associate Vicar & Curate housing 7,624 4,336
Sundrydebtors/prepayments 1,135 1,267
Total 35,976 30,099

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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 2022 livestreaming, AV and IT equipment was purchased for a cost of £4,276 (2021: £11,780). 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%.

2023 2022
Net Book Value@1st Jan 42,551 62,106
Net Book Value@31stDec 24,016 42,551

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

Pension Scheme
HMRC PAYE & NI
SundryCreditors
Total
2023 2022
1,225
1,289
3,536
3,493
3,364
3,997
8,125 8,779

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11) Restricted Fund Balances

Statement of
Restricted Funds
Fund
balance
I Jan
2023
Income Expenditure Transfers Gains
and
losses
Fund
balance
at 31 Dec
2023
Alpha 8 311 303
Christ Church
Support Fund
2,437 141 653 1,925
Compassion 188 120 308
Mathare 103 103
Men’s Ministry 4,974 4,298 55 731
Sparklers 1,083 1,366 615 -8 1,826
Women’s Ministry 796 4,360 3,536 1,620
Worship Ministry 3,374 3,374
Building Fund 14,600 6,678 7,922
Asha 9,506 9,506
Street Kids Direct 2,000 2,000
Young Adults 221 221
Sub-total £4,504 £37,178 £31,192 £3,945 £14,435

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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