Christ Church Tunbridge Wells
# **Trustees’ Accounts**
for the Year ending 31 December 2024
**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 2024
## **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**_
2
## **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 2024/5 of Christ Church Parish is made up of the following members.
- Vicar
- Associate Vicar
- Curate
- Treasurer
- Secretary
- Churchwardens
- Deanery Synod Representatives
- Elected Members (Church Representatives)
- Co-opted Members
## **Overview of PCC Membership 2024/25**
**Ex-officio members Vicar** Rev Timothy (Tim) Humphrey **Associate Vicar** Rev Gordon Taylor **Curate** Rev Robert (Rob) Byrne **Churchwarden** Alan Stone (first elected May 2024) **Churchwarden** Sarah Finch (first elected May 2022) **Deanery Synod** Heather East (elected May 2023, resigned 14 May 2024) **Deanery Synod** Alex Haxton (elected May 2023) **Deanery Synod** Sabrina Cohen (elected May 2024)
|**Elected Members**|Elected APCM|End of Term APCM|
|---|---|---|
|John Averill (Treasurer)|2023|Resigned 31 May 2024|
|Jon Dalton|2023|2026|
|John Haynes|2023|2026|
|Graham Hickson-Smith|2023|Resigned 20 January|
|||2025|
|Sue Davies|2024|2027|
|Alison Lovelock|2022|2025|
|Will Bull|Co-opted 2024|2025|
|Mairi Neeves|2024|2027|
|Edward Shaw|2024|Resigned 30 November|
|||2024|
|Joshua Thomson|2023|2026|
|Ed Tranter|2023|2026|
|John Wegrzyn|2023|2026|
|Kathryn (Katy) Wright|2023|2026|
|Heather East|2024|2027|
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2025
## **Co-Opted Members**
Duncan Mills
(co-opted May 2024)
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
- Associate Vicar
- Treasurer
- 2 Churchwardens
- 3 further PCC members
## **Other roles and responsibilities appointed by the PCC**
**Gift Aid Secretary Electoral Roll Officer Safeguarding Officer Chair of Global Mission Partners Team Treasurer PCC Secretary**
Stephen East Heather East Miriam Fox Anthony Neeves Duncan Mills Heather East
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 the governing body of the charity and the Registered Charity No. is 1130248.
The PCC membership is appointed as follows:
Vicar (all clerks in Holy Orders beneficed in or licensed to the parish)
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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.
## 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 threeyear 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**
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- Several midweek courses have been held including ‘Practicing the Way’, ‘Transforming Life’ and the _Alpha_ course.
- A large group went again to the New Wine summer conference, including around 35 youth.
- In September we conducted a 4-week ‘re-set’ of all our midweek groups with central midweek meetings for everyone. In October some Lifegroups re-started, others closed and 3 new FORM groups were established for those wanting a more committed community in which to go deeper into the rule of life and spiritual disciplines. About 35 people are attending these.
- Adult baptisms last Spring were a particular highlight
- The Advent service with a special 4-part ensemble was another Sunday highlight, along with the traditional carol service with a homegrown choir of over 40.
- Men’s and women’s events have continued throughout the year, including ‘Base Camp’ for men at Carroty Wood and regular breakfast meetings, while we held a very successful women’s retreat at a hotel in Horsley in June, along with breakfast meetings throughout the year.
- Community outreach has continued throughout the year – Sparklers (Mother and toddler group), ‘Thrive’ café (every Thursday morning), Golden Years (lunch club), as well as providing venues for a number of community groups.
- The wider pastoral team has continued to meet monthly to provide support for those in pastoral ministry or heading up particular areas of ministry.
- Ministry Training has been held for those involved in prayer ministry, children’s ministry, hosting teams and Freedom Prayer.
- Almost every week we continue to welcome new people to Christ Church and regular welcome events seek to help people integrate into the life of the church.
- Sunday services continue to be well-attended with attendance slightly up on last year. A joint service at Bennett school for Pentecost Sunday was again a great success, though some people find it an overwhelming experience and chose not to come. That coupled with the logistical challenges in setting everything up means we may not do it as a regular feature.
- Our membership now stands at 785, including children and youth.
- Various team members have undertaken a growing number of outside commitments, both speaking at other churches and events and leading worship. This is very much part of our minster vision.
## **Staffing**
- There has been little change in 2024/5 with the exception of welcoming Kate Hill as part time youth director in November 2024. Savanna Taylor continues in her role as youth assistant while studying at St Mellitus.
## **In 2024 the PCC has focussed its attention on:**
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- **The minster vision.** Considering how we cultivate a committed core community to sustain the minster, including discussion about the life groups reset and resulting FORM groups.
- **The building project.** The PCC engaged new architects in 2024 and had an extraordinary meeting in September to see new plans which received much positive feedback. The development team has grown and roles have changed which has helped the project progress.
- **Financial giving** to the Diocese of Rochester and mission partners including supporting St Philips’ TW.
- **Sanctuary developments** including installation of artwork and new projector.
- **Personnel.** The PCC sub-committee has undertaken a review of our pay scales structure and been involved in considering new appointments.
- Ensuring **compliance with all necessary buildings regs** (fire, health and safety) and keeping building-maintenance up to date.
- **Fundraising.** Despite cost of living challenges, voluntary giving continued at similar levels to 2024 with a small increase overall for the year after an encouraging response to gift day in November. Some unplanned savings on expenditure enabled 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.
- **4) Financial Review**
More details can be found in the 2024 annual report and financial statements, but some of the highlights include:
- A relatively balanced budget was set for 2024 with a small surplus of £6,230 anticipated at the start of the year, this excluded any building development work. We give thanks to God that the actual result for 2024, despite spending £22,337 on the building project, was a net surplus of £5,050 (2022: net income of £48,334). The movement on funds during 2024 is summarised as follows:
- Restricted funds decreased by £10,273 (2023: increased £9,931) to £4,162 on 31 December 2024
- Unrestricted Funds increased by £15,323 (2023: increased by £38,403) to £564,114 at 31 December 2024 (2023: £548,791)
The 2024 total income was £712,188 being 1.4% more than in 2023: (£702,318). 2024 was therefore a stable year financially, as well as in other ways as noted elsewhere in the annual report. Increasing costs have had a significant impact on many people as well as on church expenditure during 2024. We were able to utilise some of our historical reserves to fund continued work on the building project, whilst day to day running costs remain covered by
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our income. Despite continued household financial pressures, voluntary giving to Christ Church was at an encouraging level, much of which was given tax efficiently. Tax repayments to Christ Church totalled £91,293 in 2024 (2023: £91,736) recognising the continued endeavours to ensure our voluntary giving income remained tax effective. 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 2025 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 2024, 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 2024 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 Duncan Mills, the Treasurer, Matt Fox, Teresa Bailey and Stephen East for his diligent and confidential management of all Free Will Offerings and Gift Aid tax repayments. May I also take this opportunity to thank John Averill who stood down as Treasurer during 2024 for all his support and insights. We also extend our thanks to Phil Tadman who diligently helped prepare the accounts in previous years and assisted in the handover of information for this year end to the in-house team.
Finally, a big thank you to all of you who have supported the church financially in 2024, 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;
- make judgements and estimates that are reasonable and prudent;
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- 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 2024 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 2024. For 2025, this equates to the PCC holding unrestricted reserves of £164,372 (2024: £160,244) or more.
Approved by the PCC on 28[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 2024
## 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:
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## **Christ Church Tunbridge Wells – Annual Report and Accounts for 2024**
## **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.......................................................................16 12.Missions..................................................................................................16
11
## **FINANCIAL STATEMENTS PCC of Christ Church, Tunbridge Wells Balance Sheet As of 31 December 2024**
|**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**|**2024**
**2024**
**2024**
2023
Unrestrict
ed
Restricted
Total
Funds
Total
Funds
832,000
28,497
832,000
28,497
832,000
24,016|
|---|---|
||**860,49**
**7**
**860,497**
**856,016**|
||37,348
37,348
35,976
565,308
4,162
569,470
511,359|
||**602,65**
**6**
**4,162**
**606,818**
**547,335**|
||67,0
39
67,03
9
8,125|
||**535,617**
**4,162**
**539,209**
**539,21**
**0**|
||**1,396,11**
**4**
**4,162**
**1,400,27**
**6**
1,346,892
832,00
0
-
832,000
832,000|
||**£564,1**
**14**
**£4,162**
**£568,27**
**6**
**£563,22**
**6**|
||4,162
4,162
14,43
5
547,195
-
547,19
5
517,74
1
7,646
-
7,646
8,562
1,480
-
1,480
1,480
7,793
7,793
21,008|
||**£564,11**
**4**
**£4,162**
**£568,27**
**6**
**£563,22**
**6**|
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Approved by the Parochial Church Council on 28[th] April 2025 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 2024**
|**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
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**|**2024**
**2024**
**2024**
2023
2023
2023
Unrestrict
ed
Restrict
ed
Total
Unrestrict
ed
Restrict
ed
Total
615,856
13,750
629,60
6
608,083
37,178
645,26
1
27,488
27,488
28,918
28,918
1,925
1,925
1,812
1,812
-
-
-
-
9,026
33,979
43,005
20,683
-
20,683
10,204
10,204
5,644
5,644|
|---|---|
||**664,459**
**47,729**
**712,1**
**88**
**665,140**
**37,178**
**702,31**
**8**|
||233,696
13,750
247,44
6
243,886
243,88
6
156,546
2,232
158,77
8
131,134
131,13
4
46,746
25,723
72,469
54,859
13,005
67,864
15,025
15,025
27,864
27,864
8,738
8,7
38
10,247
10,247
4,808
4,808
2,080
3
2,083
57,578
8,375
65,953
42,347
11,506
53,853
111,585
111,58
5
109,815
109,81
5
14,415
7,922
22,337
6,678
6,678
-
-
560
560|
||**649,136**
58,002
**707,1**
**38**
**622,792**
**31,192**
**653,98**
**4**|
||15,323
(10,273)
5,050
42,34
8
5,98
6
48,334
(3,945)
3,945|
||15,323
**(**
**10,273)**
**5,050**
**38,403**
**9**
**,931**
**48,33**
**4**|
14
|**funds**|||||||
|---|---|---|---|---|---|---|
||548,7|14,43|563,2|510,3||514,89|
|**Balances b/fwd 1 Jan**|91|5|26|88|4,504|2|
|**Balances c/fwd**|**31 Dec**
|**£564,114 £4,162 £568,276 **||||**£548,791**|
|**£14,435 £563,226**|||||||
|The accompanying|notes on pages 13 to 16 form part of the fnancial statements.||||||
15
## **Christ Church Tunbridge Wells Cashflow Statement For the year ended 31 December 2024**
|**Cash fows from operating**
**activities**
Adjustments for:
Depreciation
Movements in working capital:
Movement in Debtors
Movement in Creditors
Cash Generated from Operations
**Cash fows 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**
**2024**
**Cash and cash equivalents at 31 December**|**2**
**024**
£
**(5,154)**
**10,207**
**5,053**
**(1,372)**
**58,914**
**62,595**
**10,204**
**(14,688)**
**(4,484)**
**58,111**
**511,359**
**£569,470**|**2023**
£
42,690
18,535|
|---|---|---|
|||61,225
(5,877)
654|
|||54,694|
|||5,644
-|
|||5,644|
|||60,338
451,021|
|||511,359|
16
**2024**
## **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:
- 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
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## **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.
- 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**
Items over £250 are capitalised and depreciated, please see note 8 below.
||**Fixtures **|**Total**|
|---|---|---|
|**Fixtures, Fittings and Equipment**|**fttings and**||
||**equipment**|**£**|
|**Cost or valuation**|||
|Cost at 1 January 2024|109,352||
|109,352|||
|Additions, Disposals, Revaluations, Transfers|14,688|14,688|
|Coat at 31 December 2024|123
,040||
|123,040|||
|**Depreciation**|||
|Balance at 1 January 2024|85,336|85,336|
|Depreciation in 2024|10
,207
|10,207|
|Balance at 31 December 2024|95,543|95,543|
|**Net book value**|||
|Net book value at 1 January 2024|24
,016|24
,016|
|Net book value at 31 December 2024|28
,497|28
,497|
## **4) Donations and Legacies**
||**Unrestrict**
**ed**|**Restricte**
**d**|**Total**|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
||**2024**|**2024**|**2024**|**2023**|**2023**|**2023**|
|Donations
and Gifts|**524,913**|**13,400**|**538,313**|**516,889**|**36,636**|**553,525**|
|Income Tax
Recoverable|**90,943**|**350**|**91,293**|**91,194**|**542**|**91,736**|
|Legacy
income|**-**|**-**|**-**|**-**|**-**|**-**|
|**Total**|**615,856**|**13,750**|**629,606**|**608,083**|**37,178**|**645,261**|
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## **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
- Operations Manager
- Production Manager (part-time)
- Worship Co-Ordinator (part-time)
- Youth Pastor
- Youth & Children’s 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.
|losely associated with|them.||
|---|---|---|
||**2024**|**2023**|
|Salaries(gross)|175,160|176,205|
|Employers(ERs)NI|9,101|13,868|
|ERs Pension Costs|8,167|8,346|
|Other ER costs|10,620|3,507|
|Diocese re Associate Vicar|44,398|41,960|
|**Total**|**247,446**|**243,886**|
## **6) Bank Accounts**
The main Current and Deposit Accounts is with CAF Bank, and a Deposit Account is held with CCLA. Interest is received 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.
20
Regular transfers are made from the Lloyds account to our CAF current account.
21
## **7) Debtors**
|**rs**|||
|---|---|---|
||**2024**|**2023**|
|Tax Refunds due|31,116|24,418|
|Hall letngfees due|1,891|2,799|
|Re Associate Vicar & Curate housing||7,624|
|Sundrydebtors/prepayments|4,341|1,135|
|**Total**|**37,348**|**35,976**|
## **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**
In 2024 the following were purchased for a cost of: wall hangings for the Sanctuary £7,656; a new AV projector £6,335 and drum equipment £697. 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% per annum, the seating and wall hangings by 25%, and the livestreaming, AV, projection, music and IT equipment by 33.3%.
||**2024**|2023|
|---|---|---|
|Net Book Value @1st Jan|24,016|42,551|
|Net Book Value @ 31stDec|28,497|24,016|
## **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**
||**2024**|**2023**|
|
|---|---|---|---|
|Pension Scheme|1,380|
1,225||
|HMRC PAYE & NI|3,557|3,536||
|SundryCreditors|15,103|3,364||
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|Parish Share|46,999|||
|---|---|---|---|
|**Total**|**67,039**|**8,125**||
## **11) Restricted Fund Balances**
|**Statement of**
**Restricted**
**Funds**|**Fund**
**balan**
**ce I**
**Jan**
**2024**|Income|Expenditur
e|Transfers|Gain
s
and
losse
s|**Fund**
**balance**
**at 31**
**Dec**
**2024**|
|---|---|---|---|---|---|---|
|Staf costs|0|13,750|13,750|||0|
|Alpha|0|20|20|||0|
|Christ Church
Support Fund|1,925||753|||1,172|
|Compassion|308||308|||0|
|Mathare|103||103|||0|
|Men’s Ministry|731|3,181|3,912|||0|
|Sparklers|1,826|||||1,826|
|Women’s
Ministry|1,620|12,551|13,007|||1,164|
|Youth Ministry|0|4,696|4,696|||0|
|Building Fund|7,92
2||7,922|||0|
|Kingdom Kids|0|924|924|||0|
|Diocese funding
for curate|0|2,232|2,232|||0|
|Designated
Giving|0|10,375|10,375|||0|
|**Sub-total**|**14,43**
**5**|**47,729**|**58,002**|||**4,162**|
**12) Missions**
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All monies given to missions were to organisations.
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Christ Church High Street, Tunbridge Wells, TN1 1UT www.cctw.org.uk 01892 522323 info@cctw.org.uk
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