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2023-12-31-accounts

Annual Report and Financial Statements of the Parochial Church Council For the year ended 31 December 2023

Christ Church Clifton is an England and Wales registered charity number 1130529

CHRIST CHURCH CLIFTON YEAR ENDED 31 DECEMBER 2023

This is the annual report and the financial statements of the Parochial Church Council for Christ Church Clifton, for the year ended 31 December 2023. Christ Church Clifton is situated in Bristol and is part of the Diocese of Bristol within the Church of England.

Address: Church Office, Linden Gate, Clifton Down Road, Clifton, Bristol, BS8 4AH

Office Telephone: 0117 973 6524 Email address: office@ccweb.org.uk Website address: www.ccweb.org.uk

CLERGY AND EMPLOYED STAFF at 31st December 2023

Vicar

Reverend Paul Langham paul.langham@ccweb.org.uk

Curate

Reverend Chris Brown chris.brown@ccweb.org.uk

Assistant Minister (self-supporting) Reverend Janet Lee** janet.lee@ccweb.org.uk

Operations Manager

Mark Parsons mark.parsons@ccweb.org.uk

Administration Team Leader

Nick Carter nick.carter@ccweb.org.uk

Interim Youth Pastor Emelye Chanot** emelye.chanot@ccweb.org.uk

Children’s Pastor

Reverend Ruthy Lillington** ruthy.lillington@ccweb.org.uk

** denotes part-time

Bankers

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

Independent Examiner

Joshua N Kingston BSc ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

CHRIST CHURCH CLIFTON YEAR ENDED 31 DECEMBER 2023

Annual report of the PCC for the year ended 31[st] December 2023

Aims and purposes

The Christ Church Clifton Parochial Church Council (the PCC) is here to promote the whole mission of the Church in the ecclesiastical parish of Clifton and beyond. As followers of Jesus, we long to see ourselves, our community, our church and city transformed by the power of God.

Inviting Everyone To Follow Jesus

Christ Church exists for the heavenly transformation of people and culture in Bristol.

Jesus calls this the Kingdom of God ... a place where earth begins to look like heaven ... and we want to play our part in seeing God’s Kingdom grow in our own lives, in Clifton, in Bristol and beyond.

We do this by helping people find Jesus and follow him wholeheartedly.

We believe that the most effective and fruitful place for us to be is living as followers of Jesus ... being the people God has made us in the places He has called us ... and helping others to do the same.

We work this out through our values of Encounter plus Family plus Generosity which leads to Transformation …

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ENCOUNTER FAMILY GENEROSITY = TRANSFORMATION
+ +
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Intentionally Building a home Being open Seeing the full
seeking God’s where we are handed with power of the
presence, known, belong all we have gospel at work
supernatural and grow in and blessing in our lives,
gifts and maturity through others in all we communities
power healthy do and city
amongst us as relationships with
we gather one another
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What we did in 2023

The PCC along with the Senior Leadership Team (SLT) have been working through a “big agenda” of major project areas in the life of Christ Church. These are outlined below along with some of the achievements during the year.

Welcome

Aim : To create a culture of welcome in the church with supporting processes that enable us to track someone’s first connection with church through to being involved in church family life in some way, especially joining a Small Community.

Achievements :

20’s and 30’s

Aim: To create environments specific to 20s and 30s for connection and discipleship.

Achievements:

Stories

Aim: To be hearing stories of encounter with the Holy Spirit, Jesus bringing transformation to peoples’ lives and people being obedient to the call of the Holy Spirit, from church family members every week at the 8, 10, Encounter and Midweek Gatherings.

Achievements:

Prayer

Aim: To establish a culture of prayer throughout the church family where we become a people who pray in every circumstance without external prompting such as prayer meetings. Included in this work is a greater recognition of the breadth of prayer.

Achievements:

Team Building

Aim: To establish strong volunteer teams for all our church activities.

Achievements:

Releasing and Enabling Leaders

Aim: To enable and equip people in the church family for kingdom shaped leadership in church and society.

Achievements:

Development of Small Communities

Aim: Establish a strong team to lead the work of achieving every member of the church family in a Small Community.

Achievements:

Development of Youth Ministry

Aim: To provide environments where young people can build friendships with their peers and be equipped to be confident in their faith in the midst of their non-Christian friends.

Achievements:

Building Family

To help people get to know each other better, build deeper relationships and seek to be together as family during the week in addition to Sunday and midweek gatherings.

Achievements:

Connecting with people who don’t know Jesus

Aim: To be a people who are confident in sharing the gospel with others.

Achievements:

Staff and Leadership Team development

Aim: To establish a strong, supportive Staff Team and Senior Leadership Team (SLT) with shared vision and goals, effective accountability and clear understanding of priorities and progress.

Achievements:

The PCC

The PCC is a body corporate established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure along with relevant sections of the Synodical Government Measure and Charities Acts. All PCC members are trustees of the charity.

The following served as members of the PCC during 2023 and were PCC members at 31[st] December 2023 unless otherwise noted:

Structure, governance and management

Each area of the church’s life and ministry falls under the oversight of the vicar, SLT, staff team and the PCC. The PCC draws on the blessing of the skills of many members of our church family beyond the PCC members in order to help it achieve its responsibilities. A number of teams and subgroups comprise of PCC and other members of the church family. The key teams currently reporting to the PCC comprise:

Standing committee

The only committee required by law and operates as the principal executive arm of the PCC. Its function is to advance the work of the PCC between meetings subject to specific guidelines agreed by the PCC in November 2013. Its membership is determined by the PCC and currently comprises the vicar, the two churchwardens and up to three elected PCC members. Other clergy licenced to the Parish and the operations manager also attend Standing Committee meetings as appropriate.

Buildings Team

The PCC delegates responsibility to the Buildings Team for the care of the Church building and other buildings owned by the PCC, their fixtures and fittings, and surrounding property; together with building cleaning and any caretaking service.

Finance Team

The PCC delegates responsibility to the Finance Team for providing advice, support and practical guidance to the Standing Committee and PCC in relation to budgets, stewardship and the financial position of Christ Church. It also supports the staff in their day to day operations of budgeting and financial matters, whilst also discerning what is on God’s heart for His provision for the work of the Church.

Personnel Team

The PCC delegates responsibility to the Personnel Team for providing policies and advice on recruitment practice, performance management, employment terms and conditions, employment law and policies, and issues that emerge in staffing and training and development so that the PCC meets its legal obligations and shows a duty of care to its employed staff.

Risk Management Team

The PCC recognises and accepts its responsibility as an employer under duties prescribed by the Health and Safety at Work etc. Act 1974 and associated regulations. The PCC delegates responsibility for this to the Risk Management Team. This includes the duty to make and put into effect suitable arrangements for health, safety and welfare together with the funding and other resources necessary to carry them out. The PCC regards compliance with statutory requirements as a minimum standard and aspires to provide arrangements that will exceed the legal minimum in developing a culture where health and safety is always considered as a priority. Standards are based on good management principles.

Property Team

Appointed by the PCC to review the properties owned or under the control of the PCC to ensure they are used to their maximum potential for ministry, mixed use, residential use, staff housing and income generation as appropriate for both now and into the future.

Parish Safeguarding Officers

Appointed by the PCC to oversee safeguarding matters for the church. They respond to safeguarding incidents as required and seek to ensure the implementation of church safeguarding policy and guidance. They ensure the safer recruitment of staff and volunteers and that their training is kept up to date, with support from the church office. They liaise with the Diocesan safeguarding team as required for support.

Senior Leadership Team (SLT)

Establishment of a Leadership Team (previously known as Core Team) was agreed by the PCC in November 2017 to work with Paul Langham, Vicar, on developing the day to day strategic leadership and direction for Christ Church. Membership of the team is at the discretion of the Vicar.

Recruitment, induction, training and mix of PCC members

It is an objective of the PCC to be broadly representative of the wider church family, in terms of gender, age, usual Sunday gathering attended and areas of ministry. Prior to the APCM, the church family is informed of the forthcoming election to the PCC and the Deanery Synod. People are encouraged to stand for election and/or nominate others. The church family is informed of resulting appointments immediately following the election. An induction weekend is held for the PCC each June and ongoing training is available to PCC members, particularly in areas of their responsibilities as trustees such as finance and safeguarding.

The staff team

During 2023 there were five changes to the makeup of the staff team:

The employed staff team at 31[st] December was:

Mark Parsons (Operations Manager) Ruthy Lillington (Children’s Pastor – 70%)

Nick Carter (Administration Manager) Emelye Chanot (Interim Youth Pastor – 70%)

(For part-time employees, hours worked is indicated as a percentage of a full working week)

The key management personnel consist of the members of the PCC and the Operations Manager.

The staff team was augmented by Jackie Langham and Lisette Ogborn, each in a self-supporting capacity.

We owe a great deal to the dedicated work of all of our staff, both past and present.

Operations and Administration

The operations and administration team at Christ Church serves the church family by co-ordinating the resources of the church, including people, finances and support functions. Running a church like Christ Church involves working alongside many people including our 4 employees, 3 clergy members and numerous volunteers.

The administration team consists of the Operations Manager, the Administration Team Leader and key volunteers.

Safeguarding

The PCC gives paramount importance to the nurture and care of children, young people and vulnerable adults in a safe and secure environment, and works to prevent harm to children and adults wherever possible. The PCC has adopted the House of Bishop's "Promoting a Safer Church: Safeguarding Policy Statement" and is committed to:

The PCC appoints four Parish Safeguarding Officers to oversee this area, two focusing on children and two on vulnerable adults. All staff and volunteers who work with children, young people or vulnerable adults are recruited safely (including DBS checks where appropriate) and undertake Diocesan approved safeguarding training on a regular basis. Safeguarding is a standing item on every PCC agenda. The PCC’s Safeguarding Policy and Guidance Notes for staff and volunteers are available on the safeguarding page of the church’s website.

Risk management

The main risks and the way they are being managed are considered by the PCC to be as follows:

The PCC has appointed a Risk Management Team, tasked with overseeing risk management on behalf of the PCC, but due to a lack of skilled membership, this team is very small at present.

Grant making policy

Each year the PCC sets a budget for global and local mission and ministry training. Recommendations for the allocation of this budget to individuals, mission partners and partner organisations are made by delegated authority.

The PCC operates a solely annual approach to mission giving and does not give mission partners any indication of future commitment.

Investment policy

The only long-term investments held are endowment funds managed by the Diocese as trustees. These are invested in CBF Investment Fund Shares in order to spread risk. Any short-term funds are deposited with CAF Bank.

Fundraising policy

Christ Church Clifton receives the vast majority of its donation income from its congregation. However, we occasionally approach other organisations and grant-makers to assist with special projects. The PCC are committed to maintaining the highest legal and ethical standards in the way the church undertakes its fundraising activities. All fundraising takes place in-house and the church does not use any professional fundraisers or commercial participators. There were no complaints during the year arising from fundraising activities.

Church attendance and volunteer hours

At the Annual Meeting in May 2023 the revised Electoral Roll stood at 328 (an overall decrease of 53 compared with May 2022), with 19 names having been added to the Roll and 72 removed.

At 31[st] December 2023 our weekly pattern of worship was:

The combined average weekly Sunday attendance at Christ Church during October 2023 was 241 adults and 52 children (2022: 238 and 54 respectively). The average weekly attendance at the Midweek gathering during October 2023 was 64 (2022: 44).

The running of Christ Church relies on the commitment of a significant number of volunteers. The hours given in many and various ways are not quantifiable but there are currently 171 people on our combined volunteer list (2022: 165). This compares with 273 people in 2019, before the COVID pandemic. In common with many churches and voluntary organisations it has been a struggle to rebuild volunteer numbers post-COVID.

Financial report

Overview of the church’s funds

The church financial year runs from 1[st] January to 31[st] December.

The church’s finances are split into the following main funds:

Most (84%) of the unrestricted General Fund income is from giving under the Provision scheme together with the Gift Aid reclaimed on these gifts; with most of the remaining income generated from rental income, grants and investments. The main expenditure items in this fund are the “parish share” contribution, supporting mission in our Diocese and paying for clergy, then staff related costs, other mission investment and maintaining and operating the church and its property and equipment.

Financial oversight

The PCC’s Finance Team, supported by the Operations Manager, provides advice, support and practical guidance in relation to budgets, stewardship and the financial position of Christ Church. The PCC has been unsuccessful in appointing a single Treasurer since David Newton stood down at the May 2022 Annual Meeting. Under Church of England rules, the Churchwardens act as ex-officio Treasurers if the PCC is unable to appoint someone into this role. The lack of a Treasurer does not affect the day-to-day operation of the finances of the church, as this work is undertaken by the Operations Manager and church office and two members of the Finance Team fulfil the Treasurer’s governance role at PCC level. The four members of the Finance Team are Patrick Bolster, Susannah Mason, Annabel Read, and David Vernon and the 2023 Annual Meeting provided positive feedback on the benefits of the Treasurer responsibilities being shared across a cohesive small team.

Headlines for 2023 - Unrestricted General Fund

When the PCC set the 2023 General Fund budget at the end of 2022 it found itself in a very challenging financial environment. Provision giving, which had not achieved the 2022 budget, was assumed to remain at 2022 levels, allowing for no increase (or decrease) and no income was assumed from the Oakfield Road property upon the departure of the previous tenant, Mama Bears Nursery, due to plans to sell the asset. On the expenditure side, the PCC agreed to operate at a reduced level of staffing following a number of resignations in the last quarter of 2022. Utility costs were expected to be 200% higher than the previous year due to the effect of global issues and Parish Share was reduced to reflect falling income. Despite all this, the PCC was still facing a £26k deficit in the General Fund and so agreed to establish a fundraising group in order to raise this additional amount from external sources and therefore balance the budget.

In the end, the General Fund ended the year with a surplus of £77,285. This compares to a deficit in 2022 of £1,125. The principal reasons for this turnaround are:

This is explored in detail below…

Detail for 2023 - Unrestricted General Fund

Income : Overall income was about £559k, up by about £32k (~6%) compared to 2022.

Expenditure: Overall expenditure was about £482k, down by £46k (~9%) compared to 2022.

Oakfield Road:

Prior to September 2021, the PCC was receiving regular rental income totalling £46k annually from a property in Oakfield Road held under trust by the Diocese of Bristol and let to Mama Bears Nursery. Following a request from Mama Bears to terminate their lease, the PCC agreed to the Diocese’s request to sell the property and to apply to the Charity Commission to widen the scheme under which the property was held so that the capital sale proceeds would not have to be re-invested in another property but could be used for the general charitable purposes of the PCC.

Following a lengthy and at times frustrating process, the property was finally sold in September 2023, and following successful negotiations with the Charity Commission to revise the scheme, the capital funds from the sale (£1.875m) minus costs are now invested in a CBF account by the Diocese with the interest being transferred to the PCC on a quarterly basis.

A first payment of £23,288.64, representing the interest earned to-date was received in late December 2023. This unexpected income represents 30% of the £77k surplus at year end.

Discussions with the Diocese over access to and the long-term use of the capital from the sale of the property continue. In the meantime, the PCC has budgeted for £75k of investment income from this capital for 2024.

Headlines for 2023 - designated Legacy Funds

When legacies are received, they are set aside by the PCC, and designated for use on specific projects.

Reserves Policy

The PCC holds some reserves on the unrestricted General Fund in line with accepted best practice in the stewardship of the finances of charities in general as well as for churches. This is to provide assurance to the PCC, and wider church family, that we can manage if there is an unexpected or unforeseen challenge. In 2021 the PCC agreed a revised policy to maintain these reserves between £125k and £175k, representing the equivalent of three months’ normal levels of expenditure.

At the start of 2023 the unrestricted General Fund reserves stood at £123,885, £1,115 below the PCC’s minimum reserves level. The PCC recognised the challenge of running reserves which are outside of the agreed policy, and expenditure decisions in 2023 were made in the light of this.

At the end of 2023, the unrestricted General Fund reserves stood at £195,987, an increase of £72k. This comes from the £77k surplus in the General Fund less a transfer of £5k to the Equipment Fund to cover capitalised assets bought during the year. As the General Fund reserves end the year £21k above the PCC’s upper limit the PCC will be reviewing its reserves policy during 2024.

At the end of 2023 the designated Legacies Fund stood at £6,051.

2024 – General Fund: Maintaining balanced income and expenditure

In setting the General Fund budget for 2024, the PCC has continued to adopt the cautious approach used in 2023. Provision Giving has been based on pledges in place at the end of September 2023, allowing for known future changes but assuming no other increase (or decrease). Other income has been set at similar levels to 2023 with no allowance for anything unusual.

On the expenditure side, Parish Share has been set according to the PCC’s policy, utility costs have been budgeted downwards following a fall in unit costs and staff costs have assumed no change in the make-up of the employed staff team. Some expenditure areas have been adjusted upwards to reflect the PCC’s strategic priorities but on the whole, expenditure items remain broadly similar to 2023.

Following the first payment of interest from the capital invested following the sale of Oakfield Road at the end of 2023, the PCC has assumed £75k of interest income during 2024. An additional Parish Share payment of £25k has also been agreed, conditional on a successful negotiation with the Diocese over the long-term use of the Oakfield Road capital.

The 2024 budget, agreed on these assumptions, shows a projected budget surplus of £19k. Due to the uncertainties around Oakfield Road at the time the budget was set, the PCC was comfortable with this surplus but will review expenditure decisions, along with the reserves policy, during the year to ensure funds are being used strategically and appropriate levels of reserves are held.

Funds held as Custodian Trustee

Christ Church Clifton acts as a custodian trustee holding cash on behalf of Bristol Diocesan Board of Finance for fees received from life events (weddings and funerals) conducted at Christ Church or by Christ Church clergy. Bristol Diocesan Board of Finance objectives are consistent with those of Christ Church Clifton. Christ Church Clifton holds this cash in a separate designated bank account to safeguard the movement of these funds. Please do refer to note 15 for details of the funds received, payments made and balances held on behalf of Bristol Diocesan Board of Finance in the year.

Our future and objectives for 2024

Motivated by our purpose of seeking the heavenly transformation of people and culture in Bristol, the PCC and Senior Leadership Team (SLT) will continue to focus on developing the “big agenda” of major projects during 2024:

Welcome:

Stories:

Prayer:

Team Building:

Releasing and Enabling Leaders:

Development of Small Communities:

Development of Youth Ministry:

Building Family:

Connecting with people who don’t know Jesus:

Staff and Leadership Team development:

Statement of Trustees’ Responsibilities

The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales 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 of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the Parochial Church Council

Paul Langham

Paul Langham Vicar and Chair of the PCC 22[nd] April 2024

Mark Orriss

Mark Orriss Churchwarden

INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF THE PCC OF CHRIST CHURCH, CLIFTON

YEAR ENDED 31 DECEMBER 2023

Independent examiner’s report to the trustees of The PCC Christ Church Clifton

I report to the trustees on my examination of the accounts of The PCC of Christ Church Clifton (the Charity) for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity trustees of the Charity 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

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do 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.

Joshua Kingston

Joshua N Kingston BSc ACA, Burton Sweet Limited Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Date: 22[nd] April 2024

CHRIST CHURCH CLIFTON

STATEMENT OF FINANCIAL ACTIVITIES (SoFA)

DRAFT 2 - 27/03/24

YEAR ENDED 31 DECEMBER 2023

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Unrestricted Restricted Endowment Total Funds Total Funds
Funds Funds Funds 2023 2022
Note £ £ £ £ £
Income from:
Donations and Legacies
Provision (Regular Giving) 388,662.68 - - 388,662.68 390,356.35
Gift Aid 83,053.16 5,500.00 - 88,553.16 89,371.66
Restricted Donations - 62,051.74 - 62,051.74 48,384.18
Other Giving 2,064.39 - - 2,064.39 1,870.80
Grants and Donations Received 10,098.36 3,609.00 - 13,707.36 21,666.46
Legacies 5,000.00 - - 5,000.00 94,035.59
Charitable Activities
Rental Income 36,501.50 - - 36,501.50 17,575.25
Fees from Weddings and Funerals 2,546.00 - - 2,546.00 3,697.00
Events Income 4,710.78 - - 4,710.78 4,364.57
Other Income 686.16 - - 686.16 -
Income from Investments
Investment Income and Interest 30,933.01 - - 30,933.01 6,249.28
Total income 564,256.04 71,160.74 - 635,416.78 677,571.14
Expenditure on:
Charitable Activities
Mission 2 52,323.78 54,805.60 - 107,129.38 104,429.38
Renew Expenditure - - - - 10,591.19
Parish Share 156,000.00 - - 156,000.00 163,900.00
Staff and Associated Costs 155,533.97 500.00 - 156,033.97 218,088.24
Offices and Gatherings 29,694.76 - - 29,694.76 31,971.48
Church Building 84,377.96 17,569.00 - 101,946.96 48,093.13
Governance 13,640.69 - - 13,640.69 12,857.90
Total Expenditure 491,571.16 72,874.60 - 564,445.76 589,931.32
Gain (loss) on Investments (unrealised) - - 18,888.96 18,888.96 (26,828.47)
Net Income/(Expenditure) 72,684.88 (1,713.86) 18,888.96 89,859.98 60,811.35
Reconciliation of Funds:
Total Funds at 1 January 12 625,033.09 3,885.97 200,971.58 829,890.64 769,079.29
Total Funds at 31 December 12 697,717.97 2,172.11 219,860.54 919,750.62 829,890.64
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Comparative fund movements are shown in note 5.

The Charity has no recognised gains or losses other than the results for the year as set out above. All of the activities of the charity are classed as continuing.

The notes on pages 19 to 26 form part of these financial statements.

CHRIST CHURCH CLIFTON

BALANCE SHEET

AS AT 31 DECEMBER 2023

Note
Fixed Assets
Tangible Fixed Assets
7
Investment Assets
8
Current Assets
Debtors and Prepayments
9
Cash at Bank and in Hand
10
Creditors : Amounts falling due within one year
11
Net Current Assets
Net Assets
Funds
Unrestricted Funds
13
General Fund
Church Legacies Fund
Property Fund
Equipment Fund
Restricted Funds
13
Other Funds
Endowment Funds
13
Investment Asset Fund		 2023
£
495,680.25
219,860.54
715,540.79
18,370.81
191,353.56
209,724.37
5,514.54
204,209.83
919,750.62
195,986.94
6,050.78
202,037.72
472,047.00
23,633.25
697,717.97
2,172.11
2,172.11
219,860.54
919,750.62		 2022
£
500,097.12
200,971.58
701,068.70
18,204.62
116,572.81
134,777.43
5,955.49
128,821.94
829,890.64
123,885.19
1,050.78
124,935.97
472,047.00
28,050.12
625,033.09
3,885.97
3,885.97
200,971.58
829,890.64

These financial statements were approved by the Parochial Church Council on 22nd April 2024 and are signed on its behalf by:

Paul Langham

Mark Orriss

Paul Langham Vicar and Chair of the PCC

Mark Orriss

Churchwarden

The notes on pages 19 to 26 form part of these financial statements.

CHRIST CHURCH CLIFTON STATEMENT OF CASH FLOWS YEAR ENDED 31 DECEMBER 2023

----- Start of picture text -----
2023 2022
£ £
Net Cash Inflow from Operating Activities A 49,030.78 (25,956.96)
Investing Activities
Payments for Tangible Fixed Assets (5,183.04) (2,240.95)
Investment Income 30,933.01 6,249.28
25,749.97 4,008.33
Net Cash Inflow for the Year B 74,780.75 (21,948.63)
A Statement of Financial Activities:
Net Income / (Expenditure) for the Year 89,859.98 60,811.35
Unrealised Investment Gains (18,888.96) 26,828.47
Depreciation of Tangible Fixed Assets 9,599.91 9,541.38
Increase / (Decrease) in Creditors (440.95) (123,129.29)
(Increase) / Decrease in Debtors (166.19) 6,240.41
Investment Income (30,933.01) (6,249.28)
Net Cash Inflow from Operating Activities 49,030.78 (25,956.96)
B Analysis of Changes in Cash during the year
Cash at Bank and in Hand
End of Year 191,353.56 116,572.81
Start of Year 116,572.81 138,521.44
74,780.75 (21,948.63)
----- End of picture text -----

Cashflow restrictions

Charity law prohibits the use of net cash inflows on any endowed or other restricted fund to offset net cash outflows on any fund outside of its own objects, except on special authority. In practice, this restriction has not had any effect on cash flows for the year.

The notes on pages 19 to 26 form part of these financial statements.

CHRIST CHURCH CLIFTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

The financial statements have been prepared in accordance with the historical cost convention (except where otherwise stated in the accounting policy note) and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and the Charities Act 2011.

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value.

The trustees consider that there are no material uncertainties about the Church's ability to continue as a going concern because over 75% of its unrestricted income is made up of giving by standing order, which reflects an ongoing commitment to continue giving in future. The assessment of going concern has been considered in light of the ongoing cost of living crisis and it is believed that the Church has sufficient reserves and/or giving potential to be able to meet these challenges.

The PCC constitutes a public benefit entity as defined by FRS102.

Funds

General funds represent the funds of the church that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. These include funds designated for a particular purpose by the PCC.

Restricted funds are those derived from gifts which are restricted to a particular purpose.

The accounts include transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of church groups that owe an affiliation to another body nor those that are informal gatherings of church members.

Income

All income is recognised once the PCC has entitlement to the income, there is sufficient certainty of receipt and it is therefore probable that the income will be received, and the amount of income can be measured reliably.

Income from gifts

Planned giving receivable by standing order is recognised when received. Collections are recognised when received by or on behalf of the PCC. Gift aid is accrued on donations when there is a valid declaration from the donor, and accounted for in the year to which the giving relates. Any Gift Aid amount recovered on a donation is treated as an addition to the same fund as the initial donation unless the donor or terms of the appeal have stated otherwise.

Grants

Grants to the PCC are included in the SoFA when the PCC becomes entitled to the income, it is probable that the income will be received, and the amount can be measured reliably. Grant income received from the Listed Places of Worship Grant Scheme is recognised when the applicable expenditure is incurred by the PCC.

Legacy income

Legacy income is recognised when receipt is probable, that is, when there has been grant of probate, the executors have established there are sufficient net assets to pay the legacy, and any conditions attached have been met or are in the control of the church.

Other income

Income to cover the cost of certain church events is accounted for gross, rather than being netted off against related costs within reported expenditure. Rental income from the letting of the church owned properties is recognised when the rental is due. Dividends and interest are accounted for when receivable. Realised gains and losses are recognised when investments are sold. Unrealised losses are accounted for on the revaluation of investments at 31 December each year.

Donated goods, facilities and services

Donated goods, facilities and services are recognised as income with an equivalent amount recognised as an expense, except for the contribution of volunteers which it is considered impractical to reliably measure for accounting purposes. They are recognised on the basis of the value of the gift to the PCC which is the amount that the PCC would have been willing to pay to obtain such services or facilities of equivalent economic benefit on the open market.

Interest receivable

This is included in the accounts upon notification of the interest by the Bank.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the PCC to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

CHRIST CHURCH CLIFTON

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023

1 Accounting policies - continued

Grants and donations

Where the PCC gives a grant with conditions for its payment being a specific level of service to be provided, such grants are only recognised in the SoFA once the recipient has provided the specified service. Where there are no conditions attached to a grant made by the PCC that enables them to realistically avoid the commitment, a liability for the full funding obligation is recognised when communicated to the grant recipient.

The PCC supports a number of mission partners and mission organisations. It does not give mission partners any indication of future commitment, and has adopted a solely annual approach to mission giving.

Diocesan parish share

The diocesan parish share is accounted for in accordance with the agreed intention of the PCC.

Governance

Governance costs represent the expenditure related to statutory requirements such as audit or independent examination, insurance and legal advice. They have been included within support costs relating to charitable activities.

Fixed Assets

Consecrated land and buildings and moveable church furnishings

The PCC does not own and hold the church and vicarage. Legal custodianship of the church lands and vicarage lies with the diocesan authorities and the incumbent. Day to day custodianship is controlled by the incumbent (vicar) and churchwardens. The churchwardens also have custodianship of the moveable items within the church on behalf of the people of the parish. The PCC supports the incumbent in the day to day care of the people of the parish. Expenditure incurred during the year on consecrated or beneficed buildings and moveable church fittings, whether maintenance or an improvement is normally written off as expenditure in the SoFA and is separately disclosed. Major new capital items are capitalised and depreciated over the greater of their estimated useful working lives.

Freehold Property

The PCC owns two residential properties located in close proximity to the church building. These properties were purchased and are held for the charitable benefits derived from their close proximity to the church. Such benefits include the ability to offer housing to staff and volunteers, where the proximity to the church is to the benefit of its operations. Where vacancies arise, the PCC seek to rent rooms to such volunteers or staff. Where no such tenants are in prospect, the charity makes short-term lets to other members of the public to steward its resources well. As the charity holds the properties primarily for the benefit of its charitable purposes rather than rental, the properties are held as functional fixed assets and not as investment properties. If in the future the trustees were to determine that the primary use of the property had changed to be for rental purposes then the property would need to be reclassified as an investment property.

Other fixtures, fittings, church chairs and office equipment

Fixtures, fittings and equipment including IT assets are valued at cost, and depreciated at 20% per annum on a straight line basis, reflecting the minimum expectation of useful life of the asset. Expenditure on individual assets costing over £500 that will have ongoing benefit for several years is capitalised.

Investments

Listed and unlisted investments are valued at their market value at 31 December.

Current Assets

Amounts owing to the PCC at 31 December in respect of fees, rents or other income are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the PCC. Subsequently, they are measured at the level of cash or other consideration expected to be received.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised when the PCC has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Liabilities are measured on recognition at their historical cost and then subsequently at the best estimate of the amount required to settle the obligation at the reporting date.

Pension scheme

The church operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the Statement of Financial Activities in the year they are payable.

Realised gains and losses

All gains and losses are taken to the SoFA as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or purchase value if purchased during the year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value.

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023

CHRIST CHURCH CLIFTON

Mission fund expenditure covers mission and evangelism, student and young adults work, youth work, children's work, seniors ministry, creative arts ministry and grants to organisations. Within the total mission spend, the following unrestricted general fund and restricted mission fund grants were made during the year:

Heart for the individual:
Christian Unions
Other
Heart for the city:
InHope (formerly Crisis Centre Ministries)
Bristol Schools Connection
St. Andrew's Avonmouth and St Peter's Lawrence Weston
North West Bristol Foodbank
Other
Heart for the nations:
TearFund Connected Churches Project in Kitgum, N Uganda
Wycliffe Bible Translators(Details withheld for security reasons)
Wycliffe Bible Translators(Details withheld for security reasons)
Uganda Christian University, Mukono, Uganda
Ab Janani Luwum Theological College, Gula, Uganda
Hodgkin House
Deanery Ugandan Fund
Other
Grants
(Comparative year: 2022)
Heart for the individual:
Christian Unions
Other
Heart for the city:
InHope (formerly Crisis Centre Ministries)
Bristol Schools Connection
Christians Against Poverty
St. Andrew's Avonmouth and St Peter's Lawrence Weston
North West Bristol Foodbank
Other
Heart for the nations:
TearFund Connected Churches Project in Kitgum, N Uganda
Wycliffe Bible Translators(Details withheld for security reasons)
Wycliffe Bible Translators(Details withheld for security reasons)
Uganda Christian University, Mukono, Uganda
Bristol International Student Centre
Ab Janani Luwum Theological College, Gula, Uganda
Hodgkin House
Deanery Ugandan Fund
Other		 Unrestricted
Funds
£
400.00
1,100.00
1,500.00
3,000.00
4,000.00
-
2,500.00
1,049.21
10,549.21
10,000.00
7,000.00
5,000.00
5,210.24
1,570.07
500.00
500.00
50.00
29,830.31
Unrestricted
Funds
£
400.00
1,100.00
1,500.00
2,000.00
3,500.00
1,000.00
-
500.00
795.68
7,795.68
7,000.00
9,500.00
7,500.00
13,878.44
1,500.00
1,105.80
500.00
500.00
50.00
41,534.24		 Restricted
Funds
£
-
-
-
1,051.06
-
32,160.00
16,735.00
-
49,946.06
1,105.68
-
-
-
-
-
-
-
1,105.68
Restricted
Funds
£
-
-
-
986.75
-
-
28,510.00
8,000.00
-
37,496.75
1,134.11
-
-
-
-
-
-
-
-
1,134.11		 Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total Funds
2023
£
400.00
1,100.00
1,500.00
4,051.06
4,000.00
32,160.00
19,235.00
1,049.21
60,495.27
11,105.68
7,000.00
5,000.00
5,210.24
1,570.07
500.00
500.00
50.00
30,935.99
Total Funds
2022
£
400.00
1,100.00
1,500.00
2,986.75
3,500.00
1,000.00
28,510.00
8,500.00
795.68
45,292.43
8,134.11
9,500.00
7,500.00
13,878.44
1,500.00
1,105.80
500.00
500.00
50.00
42,668.35

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023

CHRIST CHURCH CLIFTON

3
Employee costs
Salaries
Casual Staff
Employer's National Insurance contributions
Employer's pension contributions
Recruitment Costs
Payroll and Support Costs		 2023
£
116,174.98
315.00
352.84
11,008.59
310.00
1,824.66
129,986.07		 2022
£
174,209.47
357.50
4,103.31
15,040.10
152.00
1,573.50
195,435.88

No employee earned more than £60,000 during the year (2022: none).

During 2023, the average number of staff employed was 6, (2022: 10). The full time equivalent number of staff was 4 (2022: 5). The total amount of salaries and benefits received by key management personnel (salary, employer's NI and pension contributions) was £47,719 (2022: £42,439).

4
Net Income/Expenditure
Net income / expenditure is stated after charging:
Depreciation
Independent Examination
5
Comparative Fund Movements (previous year - 2022)
Income from:
Donations and Legacies
Provision (Regular Giving)
Gift Aid
Restricted Donations
Other Giving
Grants and Donations Received
Legacies
Charitable Activities
Rental Income
Fees from Weddings and Funerals
Events Income
Income from Investments
Investment Income and Interest
Total Income
Expenditure on:
Charitable Activities
Mission
Renew Expenditure
Parish Share
Staff and Associated Costs
Offices and Gatherings
Church Building
Governance
Total Expenditure
Gains on Investments (unrealised)
Net Income/(Expenditure)
Reconciliation of Funds:
Total Funds at 1 January 2022
Total Funds at 31 December 2022		 Unrestricted
Funds
£
390,356.35
87,138.32
-
1,870.80
19,912.46
94,035.59
17,575.25
3,697.00
4,364.57
6,249.28
625,199.62
63,076.05
(1,050.31)
163,900.00
218,088.24
31,876.32
47,843.13
12,857.90
536,591.33
-
88,608.29
536,424.80
625,033.09		 Restricted
Funds
£
-
2,233.34
48,384.18
-
1,754.00
-
-
-
-
-
52,371.52
41,353.33
11,641.50
-
-
95.16
250.00
-
53,339.99
-
(968.47)
4,854.44
3,885.97		 2023
£
9,599.91
2,310.00
Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(26,828.47)
(26,828.47)
227,800.05
200,971.58		 2022
£
9,541.38
2,100.00
Total Funds
2022
£
390,356.35
89,371.66
48,384.18
1,870.80
21,666.46
94,035.59
17,575.25
3,697.00
4,364.57
6,249.28
677,571.14
104,429.38
10,591.19
163,900.00
218,088.24
31,971.48
48,093.13
12,857.90
589,931.32
(26,828.47)
60,811.35
769,079.29
829,890.64

CHRIST CHURCH CLIFTON

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023

6 Related Party Transactions

Two PCC members, Chris Brown and Paul Langham were remunerated by the Bristol Diocesan Board of Finance to which Parish Share is paid. Christ Church Children and Families Trust operates the Christ Church Pre-school from the church building and paid £6,000 in rent in 2023 (2022: £8,500). 7 Cakes Cafe, owned by Krystina Zahid, wife of PCC employee (until April 2023) and PCC Member (from May 2023) Karman Zahid, receives rent-free use of the Church Building for running a cafe and facilitating the opening of the Church building during the week. 7 Cakes Cafe also provided catering services for church events and meetings totalling £669 (2022: £1,222). Paul Langham and Kamran Zahid are trustees of Spear Bristol, who have rent free use of the Crypt to run the Spear project.

Other than disclosed above, no member of the PCC received any payment during the year.

During 2023 the income arising from the giving of PCC members and their close family members (spouses, parents, siblings, and children) was £65,806 (2022: £88,153). This decrease was a result of changes in membership of the PCC and dedicated giving to the RENEW building project ending in 2022. Giving to the General Fund from this group in 2023 was £65,306 (2022: £87,237).

Freehold
property
Fixtures,
fittings &
equipment
(Property Fund)
£
£
Cost
At 1 January 2023
472,047.00
181,236.92
Additions
-
1,353.12
At 31 December 2023
472,047.00
182,590.04
Depreciation
At 1 January 2023
-
158,033.73
Charge for the year
-
7,813.25
At 31 December 2023
-
165,846.98
Net book value
At 31 December 2023
472,047.00
16,743.06
At 31 December 2022
472,047.00
23,203.19
8
Investments
10,107 CBF investment fund shares at valuation, held in an endowment fund
Market value b/f 1 January 2023
Net gain (loss) on revaluation
Market value at 31 December 2023
Historical cost of investments
9
Debtors
Gift Aid Recoverable
Prepayments
Accounts Receivable
10
Cash at Hand and In Bank
Cash In Bank
Credit Card Balance		 Chairs
£
70,000.40
-
70,000.40
70,000.40
-
70,000.40
-
-
Sound and
projection
systems
£
156,101.29
3,829.92
159,931.21
151,254.36
1,786.66
153,041.02
6,890.19
4,846.93


Church
equipment
(Equip Fund)
£
407,338.61
5,183.04
412,521.65
379,288.49
9,599.91
388,888.40
23,633.25
28,050.12
2023
£
219,860.54
200,971.58
18,888.96
219,860.54
8,585.76
2023
£
5,656.70
12,104.61
609.50
18,370.81
2023
£
192,210.94
(857.38)
191,353.56

Total
£
879,385.61
5,183.04
884,568.65
379,288.49
9,599.91
388,888.40
495,680.25
500,097.12
2022
£
200,971.58
227,800.05
(26,828.47)
200,971.58
8,585.76
2022
£
6,298.60
10,211.43
1,694.59
18,204.62
2022
£
117,843.86
(1,271.05)
116,572.81

In order to provide easy reconciliation to the bank balances shown in our accounts package, the credit card balance is treated as cash.

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023

CHRIST CHURCH CLIFTON

----- Start of picture text -----
11 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals 2,310.00 2,100.00
Accounts Payable 3,204.54 3,855.49
5,514.54 5,955.49
12 Funds Balance b/f Gains and Balance c/f
01/01/2023 Income Expenses Transfers Losses 31/12/2023
£ £ £ £ £ £
Endowment Fund 200,971.58 - - - 18,888.96 219,860.54
Restricted Funds
Internal Restricted Funds 3,885.97 20,109.00 (21,822.86) - - 2,172.11
Mission Funds - 51,051.74 (51,051.74) - - -
Total Restricted Funds 3,885.97 71,160.74 (72,874.60) - - 2,172.11
Designated Funds
Legacies Fund 1,050.78 5,000.00 - - - 6,050.78
Equipment Fund 28,050.12 - (9,599.91) 5,183.04 - 23,633.25
Property Fund 472,047.00 - - - - 472,047.00
General Fund 123,885.19 559,256.04 (481,971.25) (5,183.04) - 195,986.94
Total Unrestricted Funds 625,033.09 564,256.04 (491,571.16) - - 697,717.97
Total Funds 829,890.64 635,416.78 (564,445.76) - 18,888.96 919,750.62
Funds Balance b/f Gains and Balance c/f
(Comparative year: 2022) 01/01/2022 Income Expenses Transfers Losses 31/12/2022
£ £ £ £ £ £
Endowment Fund 227,800.05 - - - (26,828.47) 200,971.58
Restricted Funds
Internal Restricted Funds 4,854.44 2,004.00 (2,972.47) - - 3,885.97
Mission Funds - 38,630.86 (38,630.86) - - -
Renew Restricted Funds - 11,736.66 (11,736.66) - - -
Total Restricted Funds 4,854.44 52,371.52 (53,339.99) - - 3,885.97
Designated Funds
Legacies Fund 5,000.00 94,035.59 - (97,984.81) - 1,050.78
Equipment Fund 35,350.55 - (9,541.38) 2,240.95 - 28,050.12
Property Fund 472,047.00 - - - - 472,047.00
Renew Fund (103,224.19) 4,189.07 1,050.31 97,984.81 - -
General Fund 127,251.44 526,974.96 (528,100.26) (2,240.95) - 123,885.19
Total Unrestricted Funds 536,424.80 625,199.62 (536,591.33) - - 625,033.09
Total Funds 769,079.29 677,571.14 (589,931.32) - (26,828.47) 829,890.64
----- End of picture text -----

CHRIST CHURCH CLIFTON

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2023

12 Funds - continued

Endowment Fund

These funds represent the market value of the investment shares held in the CBF Investment Fund, as outlined in note 8.

Restricted Funds

Internal Restricted Funds

These funds have been given directly to the church for specific restricted purposes within the church.

Mission Funds

These funds were donated to various missionary organisations and activities outside the church.

Renew Restricted Funds (including Disabled Toilet Fund)

These funds were donated towards the costs of the renewal of the church building during 2020-22.

Designated Funds

Church Legacies Funds

---------------------Legacies received are set aside from the General Fund by the PCC, to keep them separate from the General Fund. Two new ---------------------legacies were received during 2023: £4,000 from the estate of Susan Davies and £1,000 from the estate of John Harris (2022: one --------legacy was received - £94,035.59 from the estate of Pat Briggs).

Equipment Fund

These funds represent the net book value of fixtures, fittings and equipment purchased by the PCC.

Property Fund

These funds represent the net book value of the following properties, owned by the PCC:

Linden Gate
60 Clifton Park Road		 100,000
£
372,047
£
472,047
£

£335,126 of the purchase cost of 60 Clifton Park Road was provided by The Church Hall Trust and the trustees thereof would have discretion over the reinvestment of 90% of the proceeds if the property was sold.

Renew Development Fund

These funds were set aside by the PCC to cover costs of the renewal of the church building during 2020-22. A building was disposed of in 2013 in order to provide funds for this purpose.

13 Analysis of Net Assets between Funds

Fixed Assets
Current Assets
Current Liabilities		 General
Fund
£
-
199,399.36
(3,412.42)
195,986.94		 Designated
Funds
£
495,680.25
6,050.78
-
501,731.03		 Unrestricted
Funds
£
495,680.25
205,450.14
(3,412.42)
697,717.97		 Restricted
Funds
£
-
4,274.23
(2,102.12)
2,172.11		 Endowment
Fund
£
219,860.54
-
-
219,860.54		 Total
2023
£
715,540.79
209,724.37
(5,514.54)
919,750.62

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

CHRIST CHURCH CLIFTON

13 Analysis of Net Assets between Funds - continued (Comparative year: 2022)

Fixed Assets
Current Assets
Current Liabilities		 General
Fund
£
-
127,470.06
(3,584.87)
123,885.19		 Designated
Funds
£
500,097.12
1,913.28
(862.50)
501,147.90		 Unrestricted
Funds
£
500,097.12
129,383.34
(4,447.37)
625,033.09		 Restricted
Funds
£
-
5,394.09
(1,508.12)
3,885.97		 Endowment
Fund
£
200,971.58
-
-
200,971.58		 Total
2022
£
701,068.70
134,777.43
(5,955.49)
829,890.64

14 Commitments

The PCC had no commitments at the end of the financial year for which no provision has been made (2022: none).

15 Funds held as custodians for others

At the year end, the PCC held £1,073.60 (2022: £1,561.30) of cash balances under the control of Bristol Diocesan Board of Finance. These balances have been excluded from the balance sheet.

In the year, funds were received on behalf of Bristol Diocesan Board of Finance totalling £6,809.25 (2022: £9,607.70). Payments made as a custodian trustee on behalf of Bristol Diocesan Board of Finance totalled £7,298.48 (2022: £9,161.00).

Further details of the custodian trustee relationships can be found within the trustees’ report.

CHRIST CHURCH CLIFTON

APPENDIX TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

This page is non-statutory and is not covered by the independent examiner's report on page 15

A1 Detailed Statement of Financial Activities by Fund

Donations and Legacies
Provision (Regular Giving)
Gift Aid
Restricted Donations
Other Giving
Grants and Donations Received
Legacies
Charitable Activities
Rental Income
Fees from Weddings and Funerals
Events Income
Other Income
Income from Investments
Investment Income and Interest
Total Income
Expenditure on Charitable Activities
Mission and Evangelism
Students and Young Adults Work
Youth Work
Children and Schools Work
Seniors Ministry
Creative Arts Ministries
Heart for the Individual
Heart for the City
Heart for the Nations
Mission
Renew Expenditure (see Appendix A4)
Parish Share
Salaries and Pension Payments
Staff Expenses
Staff Training
House Repairs and Maintenance
Utilities (houses)
Staff and Associated Costs
Music Expenses and Equipment
Sunday and Other Gatherings
Pastoral
IT, Internet and Web Costs
Stationery, Postage and Printing
Bank Charges
Communications
Offices and Gatherings
Cleaning
Equipment, Repairs and Maintenance
Utilities
Depreciation
Church Building
Audit / Independent Examination Fee
Insurance
PCC Expenses and Sundry Costs
Governance
Total Expenses*
Net Income/(Expenditure)
Transfers Between Funds
Unrealised Gain (loss) on Investments
Balances brought forward 1 January 2023
Property Fund
Equipment Fund
Balance carried forward 31 December 2023
Property fund
Equipment fund
Balances c/forward 31 December 2023		 * General
Fund
(inc Equipment)
2023
£
388,662.68
83,053.16
-
2,064.39
10,098.36
-
36,501.50
2,546.00
4,710.78
686.16
30,933.01
559,256.04
3,302.18
-
1,752.12
3,986.43
1,303.45
100.08
1,500.00
10,549.21
29,830.31
52,323.78
-
156,000.00
129,986.07
4,472.83
4,164.19
3,197.58
13,713.30
155,533.97
3,187.57
5,395.67
1,747.92
11,531.72
4,951.55
1,527.74
1,352.59
29,694.76
9,841.84
22,011.11
42,925.10
9,599.91
84,377.96
2,310.00
10,771.13
559.56
13,640.69
491,571.16
67,684.88
-
-
123,885.19
-
28,050.12
195,986.94
-
23,633.25
219,620.19
Unrestr		 Legacies
Fund
2023
£
-
-
-
-
-
5,000.00
-
-
-
-
-
5,000.00
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5,000.00
-
-
1,050.78
-
-
6,050.78
-
-
6,050.78
icted Funds		 Total
Unrestricted
Funds
2023
£
388,662.68
83,053.16
-
2,064.39
10,098.36
5,000.00
36,501.50
2,546.00
4,710.78
686.16
30,933.01
564,256.04
3,302.18
-
1,752.12
3,986.43
1,303.45
100.08
1,500.00
10,549.21
29,830.31
52,323.78
-
156,000.00
129,986.07
4,472.83
4,164.19
3,197.58
13,713.30
155,533.97
3,187.57
5,395.67
1,747.92
11,531.72
4,951.55
1,527.74
1,352.59
29,694.76
9,841.84
22,011.11
42,925.10
9,599.91
84,377.96
2,310.00
10,771.13
559.56
13,640.69
491,571.16
72,684.88
-
-
124,935.97
472,047.00
28,050.12
202,037.72
472,047.00
23,633.25
697,717.97		 Mission
Funds
2023
£
-
5,500.00
45,551.74
-
-
-
-
-
-
-
-
51,051.74
-
-
-
-
-
-
-
49,946.06
1,105.68
51,051.74
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
51,051.74
-
-
-
-
-
-
-
-
-
-
Rest		 Other
Funds
2023
£
-
-
16,500.00
-
3,609.00
-
-
-
-
-
-
20,109.00
-
-
1,374.00
148.09
2,231.77
-
-
-
-
3,753.86
-
-
-
-
-
500.00
-
500.00
-
-
-
-
-
-
-
-
-
17,569.00
-
-
17,569.00
-
-
-
-
21,822.86
(1,713.86)
-
-
3,885.97
-
-
2,172.11
-
-
2,172.11
ricted Funds		 Total
Restricted
Funds
2023
£
-
5,500.00
62,051.74
-
3,609.00
-
-
-
-
-
-
71,160.74
-
-
1,374.00
148.09
2,231.77
-
-
49,946.06
1,105.68
54,805.60
-
-
-
-
-
500.00
-
500.00
-
-
-
-
-
-
-
-
-
17,569.00
-
-
17,569.00
-
-
-
-
72,874.60
(1,713.86)
-
-
3,885.97
-
-
2,172.11
-
-
2,172.11		 Endowment
Fund
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
18,888.96
200,971.58
-
-
219,860.54
-
-
219,860.54		 Total
Funds
2023
£
388,662.68
88,553.16
62,051.74
2,064.39
13,707.36
5,000.00
36,501.50
2,546.00
4,710.78
686.16
30,933.01
635,416.78
3,302.18
-
3,126.12
4,134.52
3,535.22
100.08
1,500.00
60,495.27
30,935.99
107,129.38
-
156,000.00
129,986.07
4,472.83
4,164.19
3,697.58
13,713.30
156,033.97
3,187.57
5,395.67
1,747.92
11,531.72
4,951.55
1,527.74
1,352.59
29,694.76
9,841.84
39,580.11
42,925.10
9,599.91
101,946.96
2,310.00
10,771.13
559.56
13,640.69
564,445.76
-
70,971.02
-
18,888.96
329,793.52
472,047.00
28,050.12
424,070.37
472,047.00
23,633.25
919,750.62		 Total
Funds
2022
£
390,356.35
89,371.66
48,384.18
1,870.80
21,666.46
94,035.59
17,575.25
3,697.00
4,364.57
-
6,249.28
677,571.14
2,807.87
120.54
4,906.73
4,718.18
2,156.80
258.48
1,500.00
45,292.43
42,668.35
104,429.38
10,591.19
163,900.00
195,435.88
5,089.45
1,172.91
5,941.51
10,448.49
218,088.24
3,460.84
6,441.26
482.68
11,936.86
5,880.90
1,906.87
1,862.07
31,971.48
6,864.82
9,786.58
21,900.35
9,541.38
48,093.13
2,156.00
10,131.14
570.76
12,857.90
589,931.32
87,639.82
-
(26,828.47)
261,681.74
472,047.00
35,350.55
329,793.52
472,047.00
0
28,050.12
829,890.64

CHRIST CHURCH CLIFTON

APPENDIX TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2023

This page is non-statutory and is not covered by the independent examiner's report on page 15

A2 Analysis of General Fund Actual 2023 against Budget 2023 and 2024

This note excludes depreciation, which is cha
Donations and Legacies
Provision (Regular Giving)
Provision (Significant One Off Gifts)
Gift Aid
External Fundraising
Other Giving
Grants and Donations Received
Charitable Activities
Rental Income
Fees from Weddings and Funerals
Events Income
Other Income
Income from Investments
Investment Income and Interest
Income from Oakfield Road Investment
Total Income
Expenditure on Charitable Activities
Mission and Evangelism
Students and Young Adults Work
Youth Work
Children and Schools Work
Seniors Ministry
Creative Arts Ministries
Heart for the Individual
Heart for the City
Heart for the Nations
Mission
Renew Expenditure
Parish Share
(Additional Conditional Parish Share Payment)
Salaries and Pension Payments
Staff Expenses
Staff Training
House Repairs and Maintenance
Utilities (houses)
Staff and Associated Costs
Music Expenses and Equipment
Sunday and Other Gatherings
Pastoral
IT, Internet and Web Costs
Stationery, Postage and Printing
Bank Charges
Communications
Offices and Gatherings
Cleaning
Equipment, Repairs and Maintenance
Utilities
Church Building
Audit / Independent Examination Fee
Insurance
PCC Expenses and Sundry Costs
Governance
Total Expenses
Net Income/(Expenditure)
Deficit/ Surplus as a percentage of income		 rged to the Equipment Fund
General
Fund
Budget
2023
£
355,000.00
-
70,112.50
26,000.00
2,000.00
-
34,300.00
4,000.00
3,800.00
-
6,100.00
-
501,312.50
3,500.00
-
5,500.00
3,800.00
500.00
150.00
2,000.00
12,000.00
38,500.00
65,950.00
-
156,000.00
-
130,200.00
3,700.00
1,500.00
7,000.00
24,000.00
166,400.00
3,000.00
5,200.00
700.00
12,000.00
5,500.00
1,600.00
1,500.00
29,500.00
4,000.00
14,000.00
55,000.00
73,000.00
1,900.00
8,500.00
200.00
10,600.00
501,450.00
(137.50)
0.03%		 General
Fund
Actual
2023
£
358,662.68
30,000.00
83,053.16
-
2,064.39
10,098.36
36,501.50
2,546.00
4,710.78
686.16
7,644.37
23,288.64
559,256.04
3,302.18
-
1,752.12
3,986.43
1,303.45
100.08
1,500.00
10,549.21
29,830.31
52,323.78
-
156,000.00
-
129,986.07
4,472.83
4,164.19
3,197.58
13,713.30
155,533.97
3,187.57
5,395.67
1,747.92
11,531.72
4,951.55
1,527.74
1,352.59
29,694.76
9,841.84
22,011.11
42,925.10
74,778.05
2,310.00
10,771.13
559.56
13,640.69
481,971.25
77,284.79
13.82%		 General
Fund
Budget
2024
£
330,000.00
-
69,300.00
-
2,000.00
4,000.00
31,700.00
3,000.00
4,000.00
-
7,000.00
75,000.00
526,000.00
4,500.00
1,000.00
4,500.00
4,500.00
500.00
-
1,500.00
12,000.00
38,000.00
66,500.00
-
150,000.00
25,000.00
126,227.24
5,500.00
5,000.00
6,500.00
11,000.00
154,227.24
4,500.00
4,700.00
1,400.00
13,700.00
5,000.00
1,600.00
1,500.00
32,400.00
13,000.00
18,000.00
35,000.00
66,000.00
2,000.00
10,000.00
500.00
12,500.00
506,627.24
19,372.76
3.68%

Deficit / Surplus as a percentage of income