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
1
## **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.
- Vicar
■ Treasurer
- Secretary
- Churchwardens
- Deanery Synod Representatives
- ■ Elected Members (Church Representatives)
- Co-opted Members
## **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:
- § Vicar
- § Treasurer
- § 2 Churchwardens
- § 3 further PCC members
## **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:
- § Worship, prayer and teaching from the Bible
- § Developing a knowledge of, and trust in Jesus Christ
- § Provision of pastoral care for those in the church and parish
- § Missionary and outreach work within the community
- § Supporting overseas mission partners
## **3) Achievements and Performance**
## **Ministry Highlights**
- Several midweek courses have been held including the ‘emotionally healthy spirituality’ course and the _Alpha_ course.
- In late January of ‘23, almost 60 life group and ministry leaders went away on a leaders retreat to East Horsley.
- A large group went to the New Wine summer conference, including around 40 youth.
- Various team members have undertaken outside commitments both speaking at other churches and events and leading worship. This is very much part of our minster vision.
- The festival of mission weekend in October was a very inspiring event (with a guest preacher who was an escapee from North Korea)
- Welcoming and integrating many new people into the life of the church through an enhanced welcome and induction process overseen by the curate, Rob.
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- Men’s and women’s events have continued throughout the year as have mid-week life groups, Sparklers, ‘Thrive’ café, Golden Years, Connect team and MOLO.
- The wider pastoral team has continued to meet monthly to provide support for those in pastoral ministry.
- Sunday services continue to be well-attended and a joint service at Bennett school in November was a huge success with 350 adults and over 100 children attending.
## **Staffing**
- In May ’23 we welcomed our new curate, Rob Byrne (and his wife, Alice and 2 children). The PCC
- is renting a 4 bedroomed property for them on the Broadwater estate.
- Sherry Taylor left as Ops manager in August and after considerable discussion and review, we appointed a new ‘Director of operations’ in November
- Our youth pastor, Jacob Mayho, left in September and we were unable to immediately recruit a replacement. However, the wider youth ministry team has stepped up and are continuing to deliver the youth program.
## **In 2023 the PCC has focussed its attention on:**
- **The building project** . Costings for the proposed project were consistently in the £4-£5 million range. In March, the project was launched to a group of 40+ members of the church to seek feedback as to the way forward. There was consensus that the project was needed and some trepidation around the scale of the cost. In the summer of ’23, our architects went into administration. New architects have now been engaged and the process of fundraising is in the initial stages.
- Ensuring **compliance with all necessary buildings regs** (fire, health and safety) and keeping building-maintenance up to date.
- **The conversation around the ‘Living in love and faith’ proposals.** This has been challenging on a number of levels and the PCC agreed to back the clergy’s recommendation that the ‘prayers of love and faith’ will not be used at Christ Church.
- **Personnel.** The PCC sub-committee has undertaken a detailed review of the administration and operations team and monitored staff performance and actioned inflationary-linked pay rises.
- **Fundraising.** Despite the financial uncertainties of 2023, it is also quite extraordinary that voluntary giving has once again increased during the year, enabling us to fulfil all our financial commitments as well as maintaining the charity commissioners recommended three months of operating costs and salaries in-hand as reserves.
- Actively managing and promoting a culture of **safeguarding** throughout the church.
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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:
- A net expenditure budget of £16,063 was agreed for 2023. We give thanks to God that the actual result for 2023 was net income of £48,334 (2022: expenditure of £20,361). The movement on funds during 2023 is summarised as follows:
- Restricted funds increased by £9,931 (2022: £606) to £14,435 on 31 December 2023
- Unrestricted Funds increased by £38,403 (2022: they decreased by £20,967) to £548,791 at 31 December 2023 (2022: £510,388)
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:
- § select suitable accounting policies and then apply them consistently;
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- § make judgements and estimates that are reasonable and prudent;
- § state whether the policies adopted are in accordance with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements;
- § prepare financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in business.
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:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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 assets**8**
**Total Fixed Assets 3**
**Current Assets**
Debtors & Prepayments**7**
Cash at Bank and in hand**6**
**Creditors**
Falling due within one year**10**
**Net Current Assets**
**Total Assets less current liabilities**
**Creditors**
Falling due after one year**8**
**Total Net Assets**
**Funds of Charity**
Restricted Funds**11**
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 income**4**
Rental Income – Hall/Rooms
Rental Income – Other
Grants received
Other Income
Interest income
**Total Income**
**Expenditure**
Charitable Activities
Salaries/Personnel**5**
Property Costs
Ministry Costs
Church Running Costs
Vicarage Costs
Administration
Mission Partners**12**
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:
- The charity becomes entitled to the resources.
- It is more than likely that the trustees will receive the resource and the monetary value can be measured with sufficient reliability.
- The unrestricted element of giving represents gift aided donations, open plate giving and tax reclaimed from HMRC.
- The restricted element is money given for a specific purpose e.g. Street Kids Direct, Open Doors or monies assigned by the PCC for Building Development.
## **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
- Consecrated and Beneficed Property of any kind is excluded from the accounts by Section 10 of the Charities Act 2011.
- Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require faculty disposal are accounted as inalienable property unless consecrated.
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- Freehold property is stated in the balance sheet at 26% of the insured value of the property as at December 2008 (£3.2m) being that part of the building attributed to the Crabb Memorial Hall Trust.
## **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
- Admin Assistant (part-time)
- Associate Vicar
- BIG Stars Helper (part-time)
- Community Transformation Lead (part-time)
- Director of Children’s Ministry (part-time)
- Facilities Manager
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- Operations Manager
- Production Manager (part-time)
- Worship Co-Ordinator (part-time)
- Youth Pastor
- Youth & Childrens Assistant (part-time)
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
18