# The Parish of Christchurch, Bushmead, Luton in the Diocese of St Albans Registered Charity no 1130499 Trustees Annual Report and Financial Statements of the Parochial Church Council For the year ended 31[st] December 2022 As presented to the Church Annual General Meeting On 23[rd] April 2023 ## **Following Independent examination by** Mark Plane Whittaker Plane Ltd 78 Bute Street Luton _Page 1_ LU1 2EY ## **1.0 Objectives and activities of Christchurch Bushmead** ## _1.1 Charitable Purpose_ The Parochial Church Council has the responsibility of cooperating with the incumbent, the Reverend Tim Madeley in promoting in the parish of Bushmead, Luton, the whole mission of the church, pastoral, evangelistic and social and the maintenance of the church building for public use and worship. ## _1.2 Public Benefit Statement_ The Parochial Church Council is committed to enabling as many people as possible to worship within the building and to leading worship within the local primary schools within the parish. Worship sessions have also been arranged within local care homes. Weekly church services are open to all who wish to join the regular congregation both on Sunday mornings and Wednesday lunchtimes when regular services are held and at times of the traditional festivals of Easter and Christmas. Since the Autumn of 2022 children’s sessions have moved from once a month to being available every week In addition to church services social activities have been held that were open to the wider community. The building was let out on a regular basis and post Covid, this has slowly increased during the year. Most hirers are local organisations (U3A, Kumon Maths or other non-Anglican churches). ## _1.3 Activities undertaken._ Regular worship is offered every Sunday morning and Wednesday morning with a regular attendance of 60 on Sundays and 12 on Wednesdays. The other activities included: Home study groups Thirst Café (ended early 2022) Fitness Sessions Mustard Seed Lunch Club Men’s Breakfast Ladies Breakfast Youth and Children’s work The Meeting Place (began mid 2022) We have a pastoral support group that assist members of the church and community on a regular basis and they have been involved in some quite difficult and ongoing situations, but we have seen God at work in people’s lives in amazing ways. _Page 2_ Further details of these activities can be found within the Annual Report attached to this report. ## **2.0 Achievements and Performance** The church employs one member of staff, the Vicar’s PA. The role involves supporting the Vicar in administrative tasks and looking after the hirers amongst many other things which are too numerous to list. The church electoral roll for the period 1st January 2022 to 31st December 2022 stands at 62 members, 27 of whom are resident within the parish and 35 who are non-resident. During the financial year there was 6 additions, who are all resident in the parish and there were 4 removals of non-residents. The church can elect two members by the church members, who attend the Deanery Synod along with the Vicar, although one post was vacant during 2022. We also have a church member who attends Deanery Synod as she is elected to Diocesan Synod. The Vicar is Assistant Area Dean of Luton and works with the vocations team of the Diocese of St Albans as Assistant DDO encouraging and supporting Christians to explore their vocation and calling. One of our members of Deanery Synod is the Deanery Treasurer. ## **3.0 Financial Review** ## _3.1 Reserves Policy_ The PCC operates with a policy of holding approximately two months’ cash to meet the normal monthly expenditure of the church council. ## _3.2 Statement of year end amounts and reserves_ |Total income|£ 98,609| |---|---| |Total expenditure|£ 89,731| |Excess of Income over Expenditure|£ 8,878| |Total Funds available to the church at 1st January 2023|£ 30,962| ## _3.3 All Funds included._ The accounts include all funds that are run by the PCC. ## _3.4 Accounting Procedures_ These accounts and the Gift Aid claim were prepared using the Donations Co-ordinator package from Data Developments. The financial statements produced at the end of this report have been printed directly from the package. - _3.5 Statement of Going Concern_ _Page 3_ The 2022 financial statements show an excess of income over expenditure of £8,878 which includes an exceptional item of £6,700. Through this improved result (even excluding the exceptional item), the strengthening of our room rentals post Covid 19 and the continued prudent use of funds, means the PCC remains optimistic of maintaining the balance between income and expenditure over the next few years ## _3.6 Financial Commentary_ 2022 has been another recovery year following the effects of Covid 19. Income was up 11% overall at £98,609 with the welcome improvement in room hire to £12k (up from £5k in 2022) – a trend that seems to have continued in early 2023. Our hope is to return to the historic rental highs of £18k per annum which would provide extra financial stability. Thank you to all who financially support Christchurch (be that regular or ad-hoc giving) and to all our hirers. Excluding the one-off pension write back our expenditure went up by 9%. There were no unusually large increases in particular costs, rather lesser increases across a number of cost types e.g outreach, caretaking, cleaning and our 10% mission giving. Our gas and electricity costs benefitted from a grant of £1279 in total of which £173 was taken in 2022 the balance of £1106 being carried forward into 2023. We are pleased that we were able to pay our full parish quota for 2022. However there remains an outstanding balance of £17,074 for previous years. In 2020 we provided for a S75 cessation payment to the Church Workers’ Pension Fund when we ceased to have any eligible members and when the fund was in overall deficit. The PCC entered into a deferment agreement and with the liquidity of the fund changing over time the charge was extinguished and consequently the provision was written back this year. The 2022 Gift Day resulted in an amazing £8,265 being donated. The PCC has ear-marked this for the refurbishment of the disabled toilet and any balance potentially being used to refresh the furniture in the foyer. As the quotation exercise and actual work will not happen until 2023 the £8,265 (and any attributable Gift Aid) has been deferred into the 2023 accounts under normal accounting practice to match specific income with its linked expenditure. The amount is included in both the bank and creditors figures on the 2022 Balance Sheet Thanks again to all those who care for the building and fabric of the church and my personal thanks goes to Juliet Johnson who has enabled the return to use of the Data Development package for our accounting – no small achievement as it included re-entering two years of transactions! ## **4.0 Structure, Governance and Management** ## _4.1 Type of charity_ The Parochial Church Council is an Excepted Charity - _4.2 How trustees are recruited._ _Page 4_ The trustees for the Charity are the members of the church that are ex-officio due to the office held (Vicar and Church Wardens) and those members who are elected by the members of the church on the Electoral Roll of the Parish to serve on the Deanery Synod and the PCC ## **5.0 Structure, Governance and Management** ## _5.1 Registered name of Charity_ The Parochial Church Council of the Ecclesiastical Parish of Christchurch Bushmead, Luton ## _5.2 Working Title of Charity_ Christchurch, Bushmead ## _5.3 Charity Registration Number_ 1130499 ## _5.4 Venue and Administrative Address_ 2, Hancock Drive Bushmead Luton LU2 7SF ## _5.5 List of Trustees_ Reverend Tim Madeley - Vicar Mr Dean Toney - Churchwarden - stepped down at AGM Mrs Wendy Peck – Churchwarden – appointed at AGM* Dr David Dallinger – Churchwarden/Deanery Synod rep – appointed at AGM* Mrs Christina Pearce Miss Julia Miller Mrs Betty Adhokorie Mrs Helen Roche Mrs Doreen Watts Mr Brendan Roche - Treasurer (co-opted to the PCC) Mrs Jane Watts – PCC secretary Miss Juliet Johnson _Page 5_ _* Both churchwardens were members of the PCC before their appointment as churchwardens_ - _5.5 Volunteers_ We could not operate as we do without a large group of volunteers who assist with the many facets of services, the daily running of the Church and the different activities that take place. ## **6.0 Funds held as custodian trustee on behalf of others.** There are no funds held on behalf of others. _Page 6_ Indep￿￿ent Examw)efs Report to the Trustees l Mernt￿s ￿ the Paroch￿1 Chwch Council ol Chnstchurch Bushmeèj Lull . nc* rÈwvÈd fr*thiS )wurthr 144(21 oflhÈ ChArl￿A￿2011 {IhÈ 2D11 W aTrJ tr ErYlar￿ WAI￿ IICAEWh 14y5Mbl dthe 2011 *4 MAP LLtsn. LLII 2E¢ Page 7 ## **Statement of Financial Activities** |**year**
**funds**|**Unrestricted**
**Restricted**
**Endowment**
**Total Prior**
**funds**
**funds**
**funds**
**funds**
**total**| |---|---| |**Income and endowments from:**
Donations and legacies
Income from charitable activities
Other trading activities
Investments
Other income
**Total income**
**Expenditure on:**
Raising funds
Expenditure on charitable activities
**Total expenditure**
Gains / losses on investment assets
**Net income / (expenditure) resources before**
**transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
Gains on revaluation, fixed assets, charity's own use
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**
**Represented by**
**Unrestricted**
General fund
**Designated**
Endowment
Letton Hall
Sunflower Project
Youth Weekend
**Restricted**
Agency collection
Youth Work & Equipment|81,059
—
—
81,059
80,364
17,445
31
—
17,476
8,252
—
—
—
—
—
74
—
—
74
—
—
—
—
—
48| ||**98,578**
**31**
**—**
**98,609**
**88,666**
1,216
—
—
1,216
351
88,474
39
—
88,514
87,903| ||**89,691**
**39**
**—**
**89,731**
**88,254**
—
—
—
—
—| ||**8,887**
**(8)**
**—**
**8,878**
**411**
82
—
—
82
—
(82)
—
—
(82)
—
—
—
—
—
—| ||**8,887**
**(8)**
**—**
**8,878**
**411**| ||**20,681**
**1,402**
**—**
**22,084**
**21,672**| ||**29,568**
**1,393**
**—**
**30,962**
**22,084**
28,795
—
—
28,795
18,273
—
—
—
—
—
328
—
—
328
1,802
288
—
—
288
462
156
—
—
156
142
—
(176)
—
(176)
(207)
—
1,569
—
1,569
1,609| _Page 8_ ## **Balance sheet** ||**Total funds Prior year funds**| |---|---| |**Fixed assets**
Tangible assets
**Current assets**
Debtors
Cash at bank and in hand
**Liabilities**
Creditors: Amounts falling due in one year
**Net current assets less current liabilities**
**Total assets less current liabilities**
**Total net assets less liabilities**
**Represented by**
**Unrestricted**
General fund
**Designated**
Endowment
Sunflower Project
Letton Hall
Youth Weekend
**Restricted**
Youth Work & Equipment
Agency collection
**Funds of the church**|7,392
8,774| ||**7,392**
**8,774**
13,832
14,854
56,970
34,618| ||**70,802**
**49,472**
47,232
36,163| ||**47,232**
**36,163**| ||**23,569**
**13,309**| ||**30,962**
**22,084**| ||**30,962**
**22,084**
28,795
18,273
—
—
288
462
328
1,802
156
142
1,569
1,609
(176)
(207)| ||**30,962**
**22,084**| ## **Statement of assets and liabilities** |**year**|**General Designated**
**Restricted Endowment**
**This year Last**|**General Designated**
**Restricted Endowment**
**This year Last**|**General Designated**
**Restricted Endowment**
**This year Last**| |---|---|---|---| |**Fixed assets - Tangible assets**
Plant, equipment chairs & furniture -
Musical & lighting equipment -
**Totals**
**Current assets - Cash at bank and in hand**
Bank current account -
Petty Cash -
**Totals**
**Current assets - Debtors**
Accounts Receivable -
**Totals**
**Liabilities - Agency accounts**
Agency collections -
**Totals**
**Liabilities - Creditors: Amounts falling due in**
**one year**
Accounts Payable -
**Totals**
**Grand total**|5,612
—
1,780
—|—
—|—
5,612
6,390
—
1,780
2,384| ||**7,392**
**—**
46,521
8,788
297
—|**—**
1,362
—|**—**
**7,392**
**8,774**
—
56,672
34,432
—
297
185| ||**46,818**
**8,788**
21,377
(7,545)|**1,362**
—|**—**
**56,970**
**34,618**
—
13,832
14,854| ||**21,377**
**(7,545)**
—
—|**—**
(31)|**—**
**13,832**
**14,854**
—
(31)
—| ||**—**
**—**
46,793
470|**(31)**
—|**—**
**(31)**
**—**
—
47,263
36,163| ||**46,793**
**470**|**—**|**—**
**47,263**
**36,163**| ||**28,795**
**773**|**1,393**|**—**
**30,962**
**22,084**| _Page 9_ ## **Fund movement by type** ## **Opening Incoming Outgoing Transfers Gains/losses Journals** ## **Closing** |**Endow - Endowment**
Designated
**Sub-total for Endow**
**Sunflower - Sunflower Project**
Designated
**Sub-total for Sunflower**
**General - General fund**
Unrestricted
**Sub-total for General**
**Letton - Letton Hall**
Designated
**Sub-total for Letton**
**YouthW - Youth Weekend**
Designated
**Sub-total for YouthW**
**Youth - Youth Work & Equipme**
Restricted
**Sub-total for Youth**
**None - Agency collection**
Restricted
**Sub-total for None**
**Grand total**|—
—|—|—|—
—
—| |---|---|---|---|---| ||**—**
**—**
462
—|**—**
173|**—**
—|**—**
**—**
**—**
—
—
288| ||**462**
**—**
18,273
96,193|**173**
85,589|**—**
(82)|**—**
**—**
**288**
—
—
28,795| ||**18,273**
**96,193**
1,802
2,385|**85,589**
3,928|**(82)**
68|**—**
**—**
**28,795**
—
—
328| ||**1,802**
**2,385**
142
—|**3,928**
—|**68**
14|**—**
**—**
**328**
—
—
156| ||**142**
**—**
1,609
—|**—**
39|**14**
—|**—**
**—**
**156**
—
—
1,569| ||**1,609**
**—**
—
31|**39**
—|**—**
—|**—**
**—**
**1,569**
—
—
—| ||**—**
**31**|**—**|**—**|**—**
**—**
**—**| ||**22,291 **
**98,609**|**89,731 **|**—**|**—**
**—**
**31,138**| ## **Analysis of income and expenditure** |||||||**Total**|| |---|---|---|---|---|---|---|---| ||**Unrestricted**|**Designated**|**Restricted**||**Endowment**|**This year**|| ||**Last year**||||||| |**INCOME AND ENDOWMENTS**|||||||| |**Donations and legacies**|||||||| |0101 - Planned Giving - Bank Tax|40,793|—||—|—|40,793|39,345| |Efficient|||||||| |0110 - Planned Giving - Envelopes|1,815|—||—|—|1,815|1,316| |Tax Efficient|||||||| |0201 - Planned Giving - Bank not tax|9,271|—||—|—|9,271|6,207| |efficient|||||||| |0210 - Planned giving - Envelopes|2,910|—||—|—|2,910|3,689| |not tax effic|||||||| |0301 - Loose plate collections|3,843|—||—|—|3,843|1,837| |0401 - Donations - Tax Efficient|490|—||—|—|490|3,003| |0402 - Donations - not tax efficient|6,591|—||—|—|6,591|3,021| |0405 - Gift Day - Bank Tax Efficient|100|—||—|—|100|6,475| |0406 - Gift Day - Bank Not tax|—|—||—|—|—|2,080| |efficient|||||||| |0501 - Funds for specific external|—|—||—|—|—|—| |causes GA|||||||| |0502 - Funds for specific external|159|—||—|—|159|—| |causes - Not|||||||| |0510 - Funds specific church|20|—||—|—|20|—| |activities|||||||| |0515 - Discretionary Fund|184|—||—|—|184|27| |0601 - Tax recoverable on Gift Aid|12,496|—||—|—|12,496|12,917| _Page 10_ |0701 - Legacies
0801 - Grants
0901 - Other funds generated
1260 - Letton Hall
1265 - Sunflower Project
Total
**Income from charitable activities**
1211 - Parochial fees retained by
PCC
1212 - Parochial fees for extras
1230 - Room Hire
1240 - Mustard Seed
1241 - Meeting Place
1250 - Events
1270 - Youth Weekend
1290 - Miscellaneous
Total
**Other trading activities**
1320 - Fund Raising Income
Total
**Investments**
1001 - Dividends
1020 - Bank and building society
interest
Total
**Other income**
1280 - Youth Work & Equipment
1310 - Other Income
Total|—
—
—
—
—
—
—
2,385
—
—|—
—
—
—
—|—
—
—
—
—
—
—
—
—
—
2,385
(95)
—
—
540| |---|---|---|---| ||78,674
2,385
1,598
—
—
—
11,981
—
2,880
—
314
—
238
—
—
—
432
—|—
31
—
—
—
—
—
—
—|—
81,059
80,364
—
1,629
1,929
—
—
—
—
11,981
5,005
—
2,880
480
—
314
152
—
238
477
—
—
—
—
432
208| ||17,445
—
—
—|31
—|—
17,476
8,252
—
—
—| ||—
—
—
—
74
—|—
—
—|—
—
—
—
—
—
—
74
—| ||74
—
—
—
—
—|—
—
—|—
74
—
—
—
—
—
—
48| ||—
—|—|—
—
48| |**INCOME TOTAL**|96,193
2,385|31|—
98,609
88,666| ## **EXPENDITURE** ## **Raising funds** |**aising funds**||||||| |---|---|---|---|---|---|---| |1710 - Costs of applying for grants|—|—|—|—|—|—| |1720 - Costs of stewardship|—|—|—|—|—|—| |campaign||||||| |2240 - Mustard Seed|1,216|—|—|—|1,216|351| |2241 - Meeting Place|—|—|—|—|—|—| |Total|1,216|—|—|—|1,216|351| |**xpenditure on charitable activities**||||||| |2101 - Salary - Parish Assistant|—|—|—|—|—|—| |2103 - Expenses Clergy & vacancy|50|—|—|—|50|—| |costs||||||| |2104 - Training/ Away days|80|—|—|—|80|46| |2110 - Parish Share|52,909|—|—|—|52,909|53,359| |2111 - Parochial Fees|928|—|—|—|928|1,375| ## **Expenditure on charitable activities** _Page 11_ |2112 - Parochial Fees - extras
2150 - Pastoral Care
2190 - Discretionary Fund
2250 - Events - Church
2260 - Letton Hall
2265 - Sunflower Project costs
2270 - See 2470 DO NOT USE
2280 - Alpha Course
2290 - Outreach Events & Publicity
2301 - Caretaking & cleaner costs
2310 - Routine cleaning & repairs
2320 - Servicing & major repairs
2331 - Utilities - Gas
2332 - Utilities - Electricity
2334 - Utilities - Water
2340 - Insurance
2350 - Catering Supplies
2401 - Salary - C&YP
2402 - NI & Pension costs for C&YP
2403 - Expenses for C&YP
2404 - Training / Away Days - C&YP
2405 - Pension - employers cessation
Section 72
2450 - Youth & childrens work costs
2470 - Youth Weekend costs
2480 - Youth work equipment
2510 - Worship costs
2520 - Messy Church
2530 - PA & Technical
2535 - Depreciation
2550 - 10% Giving
2555 - Giving for specific external
causes
2580 - Gifts for visiting speakers
2601 - Salary - Administrator
2602 - NI & Pension costs for
Administrator
2604 - Training / Away days -
Administrator
2620 - General Administration costs
2630 - Telephone
2650 - Licences Subscriptions DBS
checks
2680 - Sundry Admin Costs
2690 - Governance costs
examination/audit fee
2701 - Church major repairs -
structure
Total|—
—
48
—
—
—
119
—
(259)
3,928
—
173
—
—
—
—
1,398
—
2,310
—
1,349
—
2,470
—
1,551
—
1,113
—
282
—
863
—
881
—
—
—
—
—
—
—
—
—
(6,700)
—
185
—
—
—
—
—
1,425
—
—
—
—
—
1,381
—
9,471
—
159
—
36
—
9,434
—
45
—
—
—
1,317
—
334
—
64
—
518
—
600
—
—
—|—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
39
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—|—
—
—
—
48
101
—
—
—
—
119
477
—
3,668
—
—
173
77
—
—
—
—
—
—
—
1,398
327
—
2,310
1,803
—
1,349
1,048
—
2,470
1,971
—
1,551
1,020
—
1,113
1,453
—
282
88
—
863
818
—
881
117
—
—
—
—
—
—
—
—
—
—
—
—
—
(6,700)
—
—
185
—
—
—
—
—
39
—
—
1,425
1,024
—
—
—
—
—
45
—
1,381
1,381
—
9,471
8,846
—
159
—
—
36
24
—
9,434
9,434
—
45
81
—
—
—
—
1,317
918
—
334
452
—
64
696
—
518
312
—
600
600
—
—
—| |---|---|---|---| ||84,372
4,101|39|—
88,514
87,903| |**EXPENDITURE TOTAL**|85,589
4,101|39|—
89,731
88,254| ||||| |**GRAND TOTAL**|10,604
(1,716)|(8)|—
8,878
411| The financial statements were formerly approved by the Parochial Church Council on 16[th] April 2023 and signed on its behalf by Brendan Roche PCC Treasurer David Dallinger Churchwarden/Acting PCC Chairman _Page 12_ Notes to the accounts ## 1. **Accounting Policies** The financial statements have been prepared in accordance with the Charities SORP (FRS 102). ## **Funds** General Church Funds represent the funds of the PCC and are not subject to any restrictions on their use and are available for application for the general purpose of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. Where a fund is raised for a specific purpose, e.g. the Youth Work and Equipment Fund, the assets are restricted and held to be used for the specific purpose for which the fund was raised. Any income earned on these assets is added to the fund. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body or those that are informal gatherings of church members. ## **Incoming Resources** ## _Voluntary income and capital sources_ Collections and donations are recognised when banked. Income tax recoverable on Gift Aid donations is recognised when the income is recognised and included in the financial statements as a debtor if not received at the year end. Grants and legacies to the PCC are also accounted for when the funds are received. Fundraising for specific causes represents collections designated for those respective causes. ## **Income from investments** Interest is recognised when received. ## **Resources Used** _Activities directly relating to the work of the Church_ The Diocesan Parish Share is accounted for when payable. Any common fund unpaid at the year-end which has not been waived by the Diocese Board of Finance, is provided for in the financial statements as an operational (although not legal) liability and is shown within creditors on the balance sheet. At 31st December 2022, £17,074 relating to 2021 and prior was outstanding. ## **Fixed Assets** ## _Consecrated land and buildings and movable church furnishings_ Consecrated land and beneficial property is excluded from the financial statements by S96 (2) (a) of the Charities Act 2011. _Page 13_ No value is placed on movable church furnishings held by the Churchwardens on special trust for the PCC. The PCC considers this to be inalienable property. ## _Equipment_ Individual items of equipment with a purchase price of £250 or less are written off when the asset is acquired. ## _Depreciation_ Depreciation is provided to represent the consumption of the asset at the following rates on a straightline basis: |Asset Type|Depreciation rate per annum| |---|---| |Equipment, chairs and furniture|10%| |Musical, PA and lighting equipment|10%| |Computers and IT equipment|20%| ## _Current Assets_ Amounts owing to the PCC at the year-end are shown as debtors less any provision for amounts that may prove to be uncollectable. ## _Current Liabilities_ Current liabilities represent amounts to be paid as donations or grants (mission giving) to causes approved by the PCC, outstanding Parish Share or amounts owed for goods or services provided which are unpaid at the year-end. ## **2. Wages and Salaries** |Wages and Salaries
Employer’s NIC
Pension Contributions|2022
2021
£
£
9,434
9,435
45
81
9,479
9,516
-6700
-| |---|---| ||2,779
9,516| _Page 14_ The Reverend Tim Madeley is employed and paid by the Diocese and his employment costs are recovered by the Diocese through the Parish Share. During the year the church employed 1 (2021 – 1) member of staff, the Church Administrator. With the Church Workers Pension Fund once again becoming fully funded the potential £6,700 Section 75 employer cessation event charge first provided in the 2020 accounts has been formally cancelled by the pension provider. ## **3. Fixed Assets** **----- Start of picture text -----**
Equipment, Musical, PA Computer
chairs & and lighting and IT
furniture equipment equipment Total
Cost
Bought forward at the start of the year 33119 26015 1320 60454
- - - -
Additions during the year
- - - -
Disposals
Carried forward at the end of the year 33119 26015 1320 60454
Provision for Depreciation
Bought forward at the start of the year 26729 23630 1320 51680
Provision for the year 778 604 0 1382
- - - -
Disposals
Carried forward at the end of the year 27507 24234 1320 53061
Net book value at beginning of year 6390 2385 0 8775
Net book value at end of year 5612 1781 0 7393
**----- End of picture text -----**
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