OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-12-31-accounts

Annual Report and Financial Statements of the Parochial Church Council

For the year ended 31 December 2025

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

Contents

Reference and Administration .............................................................. Page 2 Aims and Purposes .............................................................................. Page 3 What we did in 2025............................................................................. Page 4 The PCC .............................................................................................. Page 6 Structure, Governance and Management ............................................. Page 7 Recruitment, induction, training and mix of PCC members................... Page 8 The Staff Team .................................................................................... Page 8 Operations and Administration ............................................................. Page 8 Safeguarding........................................................................................ Page 8 Risk Management ................................................................................ Page 9 Grant Making Policy ............................................................................. Page 9 Investment Policy ................................................................................. Page 10 Fundraising Policy ................................................................................ Page 10 Church Attendance and Volunteer Hours ............................................. Page 10 Financial Report ................................................................................... Page 10 Our Future and Objectives for 2026 ..................................................... Page 14 Statement of Trustees’ Responsibilities................................................ Page 15 Independent Examiner’s Report ........................................................... Page 16 Statement of Financial Activities .......................................................... Page 17 Balance Sheet ...................................................................................... Page 18 Statement of Cash Flows ..................................................................... Page 19 Notes to the Financial Statements ........................................................ Page 20 Appendix to the Financial Statements .................................................. Page 28

CHRIST CHURCH CLIFTON YEAR ENDED 31 DECEMBER 2025

This is the annual report and the financial statements of the Parochial Church Council for Christ Church Clifton, for the year ended 31 December 2025. 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 2025

Vicar In Vacancy

Associate Vicar

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

Buildings Manager Hannah Glover hannah.glover@ccweb.org.uk

Church Executive Assistant

Sarah Kellner** sarah.kellner@ccweb.org.uk

Life Events Administrator

Gaye Senior-Smith** gaye.senior-smith@ccweb.org.uk

Students & Young Adults Pastor Nick Carter** nick.carter@ccweb.org.uk

Schools Pastor

Emelye Chanot** emelye.chanot@ccweb.org.uk

Youth Pastor

Beth Padfield** beth.padfield@ccweb.org.uk

Children’s Ministry Team Administrator Sophie Couper** sophie.couper@ccweb.org.uk

** denotes part-time

TRUSTEES

Please refer to the list on page 6.

Bankers

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

Independent Examiner

Joshua N Kingston BSc FCA Burton Sweet Limited 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

CHRIST CHURCH CLIFTON YEAR ENDED 31 DECEMBER 2025

Annual report of the PCC for the year ended 31[st] December 2025

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 …

----- Start of picture text -----
ENCOUNTER FAMILY GENEROSITY = TRANSFORMATION
+ +
----- End of picture text -----

----- Start of picture text -----
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
----- End of picture text -----

What we did in 2025

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.

Vacancy and Appointment of a New Vicar

Aim : To ensure a successful appointment of the right successor to Paul Langham, and to ensure healthy leadership during the vacancy.

Achievements :

Staff Team Appointments

Aim : To establish a healthy staff team with the right balance of roles and a caring, supportive culture.

Achievements :

Corporate Prayer

Aim : To establish a culture of prayer throughout the church family where people pray in every circumstance without external prompting, with a greater recognition of the breadth of prayer..

Achievements :

Generosity & Regular Giving

Aim : To establish a culture of generosity throughout the church family such that regular giving increases to support mission and operations.

Achievements :

Communicating Opportunities to Serve

Aim : To increase the effectiveness of communication so that people know how they can be involved and are enabled to approach ministry team leads.

Achievements :

Building Family

Aim : For Sunday and Midweek Gatherings to feel like family, with healthy close relationships, a culture of welcome and inclusion, and a sense of belonging and connection.

Achievements :

Sharing the Gospel

Aim : To help people find Jesus and follow him wholeheartedly, to be a people confident in sharing the gospel, and to hear stories of encounter and transformation.

Achievements :

Christmas 2025

Aim : To provide opportunities for the church family and local community to encounter Jesus at Christmas, to encourage shared mission, and to create follow-up opportunities for those exploring faith.

Achievements :

Developing Small Communities

Aim : To establish strong Small Communities that are places of encounter, family, generosity and transformation, helping people find Jesus and follow him wholeheartedly.

Achievements :

Emerging Generations Ministries (Children, youth, young adults and students)

Aim : To establish vibrant, fun, Jesus-centred and mission-focused ministries for children, young people, and young adults each with a strong team.

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 2025 and were PCC members at 31[st] December 2025 unless otherwise noted:

Clergy Deanery Synod Members Elected PCC Members Paul Langham (to August 2025) Nathan Kellner ( from May 2025) John Butler (to May 2025) Chris Brown Cluff Noon Barny Collins Janet Lee Di Noon Alex Creavin (from May 2025) Gaye Senior-Smith (from May 2025) David Daniels (from May 2025) Churchwardens Mark Ellis (to May 2025) Mark Orriss Mei Yen Furey (to May 2025) Di Noon Danish Gill Andrea Jeanneret Co-opted Members Susannah King Jon Bowden (from June 2025) Philip Miles Claire Harman (from June 2025) Helen Parsons (from May 2025) Sam Pictor (from May 2025) Tavi Price (to May 2025) Jack Reed Hannah Rodgers Chris Shaddick David Vernon Rebecca Wattiau (from May 2025) Kamran Zahid

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 the 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 2025 there were seven changes to the makeup of the staff team:

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

Mark Parsons (Operations Manager)

Hannah Glover (Buildings Manager)

Sarah Kellner (Church Executive Assistant – 53%) Gaye Senior-Smith (Life Events Administrator – 0%) Emelye Chanot (Schools Pastor – 80%) Beth Padfield (Youth Pastor – 60%)

Nick Carter (Student’s & Young Adults Pastor – 50%)

Sophie Couper (Children’s Ministry Team Administrator – 20%)

(For part-time employees, hours worked is indicated as a percentage of a full working week. 0% = zero hours contract)

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

The staff team was augmented by Esther Brown, Jackie Langham (until August 2025), Tomasita Carmona, and Chloe Yeung, 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 8 employees, 3 clergy members and numerous volunteers.

The operations team is headed up by the Operations Manager and assisted by other staff 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 risk areas 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, and the risk register is reviewed by the PCC on a regular basis.

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 of Bristol as trustees. These are comprised of investments in CBF Investment Fund Shares and funds from the sale of Oakfield Road, held in a CBF deposit fund. 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

The Electoral Roll was fully revised in 2025 in accordance with Church of England regulations. At the Annual Meeting in May 2025 the new Electoral Roll stood at 286 (an overall decrease of 17 compared with the previous Roll in May 2024). There were 66 additions to the new Roll, and 83 members of the previous Roll didn’t renew.

At 31[st] December 2025 our weekly pattern of worship was:

The combined average weekly Sunday attendance at Christ Church during October 2025 was 175 adults and 43 children (2024: 192 and 43 respectively). The average weekly attendance at the Midweek gathering during October 2025 was 49 (2024: 46).

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 217 people on our combined volunteer list (2024: 186).

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:

Approximately three quarters (73%) 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.

Since David Newton stood down as Treasurer in May 2022, the four members of the Finance Team, Patrick Bolster, Susannah Mason, Annabel Reed, and David Vernon, have together provided the support, guidance and challenge expected from the Treasurer role holder. Previous Annual Meetings have provided positive feedback on the benefits of the Treasurer responsibilities being shared in this way across a cohesive small team in the manner we have had over the past four years.

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. Under Church of England rules, the Churchwardens act as exofficio Treasurers if the PCC is unable to appoint someone into this role.

Headlines for 2025 - Unrestricted General Fund

Following a strong 2024, which ended with a surplus before transfers of £64k and a General Fund balance of £259k, the PCC approved a 2025 General Fund budget with a projected deficit of £29k. This reflected planned investment in church building repairs, staffing, and a reduction in Oakfield Road investment income assumptions.

In the end, the General Fund ended the year with a surplus before transfers of £28,309. The principal reasons for achieving a surplus rather than the budgeted deficit were:

The primary area of concern is Church Building expenditure, which substantially exceeded budget at £91k against a budget of £54k — a £37k overspend driven by significant repairs needed to the stonework of the church (£54k actual vs £21k budget).

As a result, the General Fund ended the year with a balance of approximately £219k (£259k plus £28k surplus less £68k transfers).

The General Fund is explored in more details below.

Detail for 2025 - Unrestricted General Fund

Income : Overall income was approximately £585k, up by around £14k (~2%) compared to 2024 (£571k), and £78k (15%) above budget.

Expenditure: Overall expenditure was approximately £557k, up by £49k (~10%) compared to 2024 (£507k), and £21k over the budget of £536k.

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.

The property was 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 were invested in a CBF account held by the Diocese with the interest being transferred to the PCC on a quarterly basis.

In March 2025, the PCC signed a Deed of Transfer with the Diocese, to transfer ownership of the funds in the CBF account to the PCC. The value of the fund at the date of transfer was £1,819,180.50. This amount was brought into the PCC’s accounts as an expendable endowment on the date of transfer. Although ownership of the fund now resides with the PCC, the Diocese continues to manage the fund, alongside the PCC’s other investments, on the PCC’s behalf.

During 2025, four quarterly interest payments totalling £77,778k were received. This is £10k lower than 2024 due to falling interest rates during the year.

Headlines for 2025 - designated Legacy Funds

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

Balance Sheet

Debtors:

Creditors:

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. This is a fixed range and was chosen by the PCC at the time to represent the equivalent of three to four months’ of normal levels of expenditure at the time.

At the start of 2025 the unrestricted General Fund reserves stood at £258,938, £84k above the PCC’s existing upper reserves level.

At the end of 2025, the unrestricted General Fund reserves stood at £219,051, a decrease of £40k. This comes from the £28k surplus in the General Fund less transfers of £68k to the Equipment Fund to cover capitalised assets bought during the year. The General Fund reserves end the year £44k above the PCC’s existing upper reserves limit, but in line with charity good practice of being equivalent to three to six months expenditure. This is ~£125k-£250k. A review of the PCC’s reserves policy is scheduled for 2026.

At the end of 2025 the designated Legacies Fund stood at £19,202.

2026 – General Fund: Planning for growth

In setting the General Fund budget for 2026, the PCC has continued to adopt a cautious approach to giving income. Giving income has been based on pledges in place at the end of October 2025, allowing for known future changes, including the results of the October generosity appeal, but assuming no other increases. A cautious approach has also been used to determine income from the Oakfield Road investment where a fall in interest rates has been allowed for. Other income has been set at similar levels to 2025 with no allowance for anything unusual.

On the expenditure side, Parish Share has been set at the level requested by the Diocese (an increase of £16k), away giving costs have been budgeted downwards to reflect current commitments, building maintenance costs have been increased to reflect work planned and staff costs have been set assuming that all vacancies in the staff team are filled during the year. Some key expenditure areas have been adjusted upwards to reflect the PCC’s strategic priorities but on the whole, most expenditure items remain broadly similar to 2025.

The 2026 budget, agreed on these assumptions, shows a projected budget deficit of £11k. Given the healthy level of the General Fund reserves, the PCC was comfortable agreeing a deficit budget for 2026.

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 2026

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 2026:

Staff Appointments:

Worship and Prayer:

Generosity:

Opportunities to Serve:

Building Family:

Sharing the Gospel and Alpha:

Small Communities:

Emerging Generations Ministries:

Forward Planning:

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

Matt Southcombe

Mark Orriss

Matt Southcombe Vicar and Chair of the PCC 27[th] April 2026

Mark Orriss Churchwarden 27[th] April 2026

YEAR ENDED 31 DECEMBER 2025

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

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 2025.

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

27[th] April 2026

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

CHRIST CHURCH CLIFTON

STATEMENT OF FINANCIAL ACTIVITIES (SoFA)

YEAR ENDED 31 DECEMBER 2025

----- Start of picture text -----
Unrestricted Restricted Endowment Total Funds Total Funds
Funds Funds Funds 2025 2024
Note £ £ £ £ £
Income from:
Donations and Legacies
Provision (Regular Giving) 328,583.47 - - 328,583.47 326,492.32
Provision (Significant One Off Gifts) 20,000.00 - - 20,000.00 20,000.00
Gift Aid 79,343.29 - - 79,343.29 82,334.30
Restricted Donations - 32,894.38 - 32,894.38 37,998.68
Other Giving 2,137.17 - - 2,137.17 2,344.37
Grants and Donations Received 2,085.37 855.00 - 2,940.37 6,258.77
Legacies 5.03 - - 5.03 13,146.52
Oakfield Road Fund Transfer - - 1,819,180.50 1,819,180.50 -
Charitable Activities
Rental Income 54,811.08 - - 54,811.08 14,997.75
Fees from Weddings and Funerals 4,166.00 - - 4,166.00 3,467.00
Events Income 5,552.80 - - 5,552.80 4,668.63
Other Income 521.27 - - 521.27 14,865.20
Income from Investments
Investment Income and Interest 87,810.26 - - 87,810.26 97,040.45
Total income 585,015.74 33,749.38 1,819,180.50 2,437,945.62 623,613.99
Expenditure on:
Charitable Activities
Mission Giving 2 45,723.32 30,794.38 - 76,517.70 82,959.49
Mission (Other) 16,104.89 2,231.49 - 18,336.38 14,748.77
Parish Share 164,323.92 - - 164,323.92 175,000.00
Staff and Associated Costs 194,674.85 - - 194,674.85 168,661.09
Offices and Gatherings 29,286.08 1,732.86 - 31,018.94 30,749.03
Church Building 100,028.87 210.78 - 100,239.65 67,130.49
Governance 15,139.94 - - 15,139.94 13,373.41
Total Expenditure 565,281.87 34,969.51 - 600,251.38 552,622.28
Gain (loss) on Investments (unrealised) 8 - - (8,730.04) (8,730.04) 5,036.57
Net Income/(Expenditure) and net movement in 4 19,733.87 (1,220.13) 1,810,450.46 1,828,964.20 76,028.28
Reconciliation of Funds:
Total Funds at 1 January 12 767,674.09 3,207.70 224,897.11 995,778.90 919,750.62
Total Funds at 31 December 12 787,407.96 1,987.57 2,035,347.57 2,824,743.10 995,778.90
----- End of picture text -----

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 20 to 27 form part of these financial statements.

CHRIST CHURCH CLIFTON

BALANCE SHEET

AS AT 31 DECEMBER 2025

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
Oakfield Road Investment Fund
Total Funds		 2025
£
549,154.29
2,035,347.57
2,584,501.86
42,266.77
204,302.38
246,569.15
6,327.91
240,241.24
2,824,743.10
219,051.34
19,202.33
238,253.67
472,047.00
77,107.29
787,407.96
1,987.57
1,987.57
215,945.28
1,819,402.29
2,035,347.57
2,824,743.10		 2024
£
489,538.85
224,897.11
714,435.96
46,158.32
267,634.32
313,792.64
32,449.70
281,342.94
995,778.90
258,937.94
19,197.30
278,135.24
472,047.00
17,491.85
767,674.09
3,207.70
3,207.70
224,897.11
-
224,897.11
995,778.90

These financial statements were approved by the Parochial Church Council on 27th April 2026 and are signed on its behalf by:

Matt Southcombe

Mark Orriss

Matt Southcombe Vicar and Chair of the PCC

Mark Orriss Churchwarden

The notes on pages 20 to 27 form part of these financial statements.

CHRIST CHURCH CLIFTON STATEMENT OF CASH FLOWS YEAR ENDED 31 DECEMBER 2025

----- Start of picture text -----
2025 2024
£ £
Net Cash Inflow from Operating Activities A 1,733,066.38 (19,748.33)
Investing Activities
Payments for Tangible Fixed Assets (68,195.86) (1,011.36)
Investment Income 90,978.04 97,040.45
-
Money Invested (1,819,180.50)
(1,796,398.32) 96,029.09
Net Cash Inflow for the Year B (63,331.94) 76,280.76
A Statement of Financial Activities:
Net Income / (Expenditure) for the Year 1,828,964.20 76,028.28
Unrealised Investment Gains 8,730.04 (5,036.57)
Depreciation of Tangible Fixed Assets 8,580.42 7,152.76
Increase / (Decrease) in Creditors (26,121.79) 26,935.16
(Increase) / Decrease in Debtors 723.77 (27,787.51)
Investment Income (87,810.26) (97,040.45)
Net Cash Inflow from Operating Activities 1,733,066.38 (19,748.33)
B Analysis of Changes in Cash during the year
Cash at Bank and in Hand
End of Year 204,302.38 267,634.32
Start of Year 267,634.32 191,353.56
(63,331.94) 76,280.76
----- 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 20 to 27 form part of these financial statements.

CHRIST CHURCH CLIFTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

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 pledged giving by Standing Order or Direct Debit, which reflects an ongoing commitment to continue giving in future. The assessment of going concern has been considered in light of the ongoing financial challengies faced by charities 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

Unrestricted funds

Unrestricted funds comprise of the general fund and the legacies fund. These 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.

The General Fund represents the operating income and expenditure of the church.

The Legacies Fund represents the accumulation of legacy income less related expenditure.

Designated funds comprise of assets set aside by the PCC for a specific purpose.

Restricted funds

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

Endowment funds

Endowment funds comprise the result of the transfer of assets to the PCC by third parties.

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.

CHRIST CHURCH CLIFTON

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

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.

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 2025

CHRIST CHURCH CLIFTON

2 Grants to Mission Partners

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:
New Wine
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
TearFund Middle East Appeal
Deanery Uganda Fund
Open Doors
Wycliffe Bible Translators(Jock & Katy Hughes in Indonesia)
A'bishop Janani Luwum Theological College, Gula, Uganda
Uganda Christian University, Mukono, Uganda
Diocese of Kitgum
Hodgkin House
Other
Grants
(Comparative year: 2024)
Heart for the individual:
Christian Unions
Bursary
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
TearFund Middle East Appeal
Wycliffe Bible Translators(Jock & Katy Hughes in Indonesia)
Wycliffe Bible Translators(Julian & Catherine Shelton in Russia)
Uganda Christian University, Mukono, Uganda
Deanery Uganda Fund
Diocese of Northern Uganda
A'bishop Janani Luwum Theological College, Gula, Uganda
Hodgkin House
Other		 Unrestricted
Funds
£
1,000.00
500.00
600.00
2,100.00
5,000.00
4,000.00
-
2,500.00
1,205.90
12,705.90
5,000.00
5,000.00
5,000.00
5,000.00
4,000.00
2,876.64
2,828.72
612.06
500.00
100.00
30,917.42
Unrestricted
Funds
£
400.00
-
1,600.00
2,000.00
4,000.00
4,000.00
-
2,500.00
1,071.20
11,571.20
10,000.00
5,000.00
4,000.00
2,500.00
6,505.71
3,000.00
2,806.68
1,702.22
500.00
75.00
36,089.61		 Restricted
Funds
£
-
-
-
-
-
-
29,160.00
-
817.19
29,977.19
-
817.19
-
-
-
-
-
-
-
-
817.19
Restricted
Funds
£
-
400.00
-
400.00
-
-
29,160.00
117.00
1,514.35
30,791.35
533.00
1,415.97
-
-
-
-
-
-
-
158.36
2,107.33		 Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total Funds
2025
£
1,000.00
500.00
600.00
2,100.00
5,000.00
4,000.00
29,160.00
2,500.00
2,023.09
42,683.09
5,000.00
5,817.19
5,000.00
5,000.00
4,000.00
2,876.64
2,828.72
612.06
500.00
100.00
31,734.61
Total Funds
2024
£
400.00
400.00
1,600.00
2,400.00
4,000.00
4,000.00
29,160.00
2,617.00
2,585.55
42,362.55
10,533.00
6,415.97
4,000.00
2,500.00
6,505.71
3,000.00
2,806.68
1,702.22
500.00
233.36
38,196.94

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025

CHRIST CHURCH CLIFTON

3
Employee costs
Salaries
Casual Staff
Employer's National Insurance contributions
Employer's pension contributions
Recruitment Costs
Payroll and Support Costs		 2025
£
135,422.33
945.00
3,686.63
12,377.96
2,674.51
2,117.88
157,224.31		 2024
£
107,694.16
560.00
4,468.38
10,586.08
455.20
1,572.06
125,335.88

No employee earned more than £60,000 during the year (2024: none).

During 2025, the average number of staff employed was 7, (2024: 5). The full time equivalent number of staff was 3.9 (2024: 3.3). The total amount of salaries and benefits received by key management personnel (salary, employer's NI and pension contributions) was £50,250 (2024: £48,023).

4
Net Income/Expenditure
Net income / expenditure is stated after charging:
Depreciation
Independent Examination
5
Comparative Fund Movements (previous year - 2024)
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
Other Income
Income from Investments
Investment Income and Interest
Total Income
Expenditure on:
Charitable Activities
Mission
Parish Share
Staff and Associated Costs
Offices and Gatherings
Church Building
Governance
Total Expenditure
Gains on Investments (unrealised)
Net Income/(Expenditure) and net movement in funds
Reconciliation of Funds:
Total Funds at 1 January 2024
Total Funds at 31 December 2024		 Unrestricted
Funds
£
346,492.32
82,334.30
-
2,344.37
5,140.77
13,146.52
14,997.75
3,467.00
4,668.63
14,865.20
97,040.45
584,497.31
61,416.39
175,000.00
168,661.09
30,749.03
65,341.27
13,373.41
514,541.19
-
69,956.12
697,717.97
767,674.09		 Restricted
Funds
£
-
-
37,998.68
-
1,118.00
-
-
-
-
-
-
39,116.68
36,291.87
-
-
-
1,789.22
-
38,081.09
-
1,035.59
2,172.11
3,207.70		 2025
£
8,580.42
2,646.00
Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5,036.57
5,036.57
219,860.54
224,897.11		 2024
£
7,152.76
2,472.00
Total Funds
2024
£
346,492.32
82,334.30
37,998.68
2,344.37
6,258.77
13,146.52
14,997.75
3,467.00
4,668.63
14,865.20
97,040.45
623,613.99
97,708.26
175,000.00
168,661.09
30,749.03
67,130.49
13,373.41
552,622.28
5,036.57
76,028.28
919,750.62
995,778.90

CHRIST CHURCH CLIFTON

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025

6 Related Party Transactions

Two PCC members, Chris Brown and Paul Langham (until his retirement in August 2025) 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 £7,000 in rent in 2025 (2024: none). 7 Cakes Cafe, owned by Krystina Zahid, wife of PCC Member Karman Zahid, provided catering services for church events and meetings totalling £139 (2024: £532). Janet Lee is a trustee of Spear Bristol, who have rent free use of the Crypt to run the Spear project. The PCC follows the guidance and best practice outlined by the Charity Commission when making payments to trustees.

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

During 2025 the income arising from the giving of PCC members and their close family members (spouses, parents, siblings, and children) was £74,623 (2024: £49,942). This increase was a result of changes in the membership of the PCC.

7
Tangible fixed assets
Cost
At 1 January 2025
Additions
At 31 December 2025
Depreciation
At 1 January 2025
Charge for the year
At 31 December 2025
Net book value
At 31 December 2025
At 31 December 2024
8
Investments
Market value at 1 January 2025
Additions
Proceeds from disposals
Gains/(losses) in the year
Market value at 31 December 2025
Historical Cost at 31 December
Investments
(Comparative year: 2024)
Market value at 1 January 2024
Additions
Proceeds from disposals
Gains/(losses) in the year
Market value at 31 December 2024
Historical Cost at 31 December
9
Debtors
Gift Aid Recoverable
Prepayments
Accrued Income
Accounts Receivable		 Freehold
property
(Property Fund)
£
472,047.00
-
472,047.00
-
-
-
472,047.00
472,047.00		 Fixtures,
fittings &
equipment
£
12,973.39
8,961.98
21,935.37
-
4,363.19
4,363.19
17,572.18
12,973.39		 Chairs
£
-
-
-
-
-
-
-
-
Sound and
projection
systems
£
4,518.46
59,233.88
63,752.34
-
4,217.23
4,217.23
59,535.11
4,518.46
Investment
Asset Fund
(10,107 CBF
shares)
£
224,897.11
-
-
(8,951.83)
215,945.28
8,585.76
Investment
Asset Fund
(10,107 CBF
shares)
£
219,860.54
-
-
5,036.57
224,897.11
8,585.76


Church
equipment
(Equip Fund)
£
17,491.85
68,195.86
85,687.71
-
8,580.42
8,580.42
77,107.29
17,491.85



Oakfield Road
investment
funds (CBF
Deposit fund)
£
-
1,819,180.50
-
221.79
1,819,402.29
1,819,180.50



Oakfield Road
investment
funds (CBF
Deposit fund)
£
-
-
-
-
-
-
2025
£
6,197.75
15,597.91
18,460.11
2,011.00
42,266.77

Total
£
489,538.85
68,195.86
557,734.71
-
8,580.42
8,580.42
549,154.29
489,538.85




Total
£
224,897.11
1,819,180.50
-
(8,730.04)
2,035,347.57
1,827,766.26




Total
£
219,860.54
-
-
5,036.57
224,897.11
8,585.76
2024
£
5,832.17
14,163.76
21,627.89
4,534.50
46,158.32

Included in Accrued Income is the 4th quarter interest payment due from the Oakfield Road funds (£18,460.11)

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025

CHRIST CHURCH CLIFTON

10
Cash at Hand and In Bank
Cash In Bank
Credit Card Balance		 2025
2024
£
£
207,465.23
271,323.77
(3,162.85)
(3,689.45)
204,302.38
267,634.32
11
Creditors: amounts falling due within one year
2025
2024
£
£
Accruals
2,646.00
27,472.00
Accounts Payable
2,901.91
4,524.70
Deferred Income
780.00
453.00
In order to provide easy reconciliation to the bank balances shown in our accounts package, the credit card balance is treated as cash.
6,327.91
32,449.70

Included in Accruals for 2024 is a £25,000 one-off additional payment to Parish Share to be paid following successful receipt of the sale funds from Oakfield Road.

12 Funds
Endowment Funds
Investment Asset Fund
Oakfield Road Investment Fund
Total Endowment Funds
Restricted Funds
Internal Restricted Funds
Mission Funds
Total Restricted Funds
Designated Funds
Legacies Fund
Equipment Fund
Property Fund
General Fund
Total Unrestricted Funds
Total Funds
Funds
(Comparative year: 2024)
Investment Asset Fund
Restricted Funds
Internal Restricted Funds
Mission Funds
Total Restricted Funds
Designated Funds
Legacies Fund
Equipment Fund
Property Fund
General Fund
Total Unrestricted Funds
Total Funds		 Balance b/f
01/01/2025
£
224,897.11
-
224,897.11
3,207.70
-
3,207.70
19,197.30
17,491.85
472,047.00
258,937.94
767,674.09
995,778.90
Balance b/f
01/01/2024
£
219,860.54
2,172.11
-
2,172.11
6,050.78
23,633.25
472,047.00
195,986.94
697,717.97
919,750.62		 Income
£
-
1,819,180.50
1,819,180.50
2,955.00
30,794.38
33,749.38
5.03
-
-
585,010.71
585,015.74
2,437,945.62
Income
£
-
6,218.00
32,898.68
39,116.68
13,146.52
-
-
571,350.79
584,497.31
623,613.99		 Expenses
£
-
-
-
(4,175.13)
(30,794.38)
(34,969.51)
-
(8,580.42)
-
(556,701.45)
(565,281.87)
(600,251.38)
Expenses
£
-
(5,182.41)
(32,898.68)
(38,081.09)
-
(7,152.76)
-
(507,388.43)
(514,541.19)
(552,622.28)		 Transfers
£
-
-
-
-
-
-
-
68,195.86
-
(68,195.86)
-
-
Transfers
£
-
-
-
-
-
1,011.36
-
(1,011.36)
-
-		 Gains and
Losses
£
(8,951.83)
221.79
(8,730.04)
-
-
-
-
-
-
-
-
(8,730.04)
Gains and
Losses
£
5,036.57
-
-
-
-
-
-
-
-
5,036.57

Balance c/f
31/12/2025

£
215,945.28
1,819,402.29
2,035,347.57
1,987.57
-
1,987.57
19,202.33
77,107.29
472,047.00
219,051.34
787,407.96
2,824,743.10


Balance c/f
31/12/2024

£
224,897.11
3,207.70
-
3,207.70
19,197.30
17,491.85
472,047.00
258,937.94
767,674.09
995,778.90

CHRIST CHURCH CLIFTON

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025

12 Funds - continued

Endowment Funds

Investment Asset Fund

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

Oakfield Road Investment Fund

These funds represent the balance in the CBF Deposit Fund which holds the proceeds from the sale of 33 Oakfield Road, 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.

Designated Funds

Church Legacies Fund

---------------------Legacies received are set aside from the General Fund by the PCC, to keep them separate from the General Fund. No new legacies ---------------------were received in 2025 but a small receipt of £5 relating to an earlier legacy was receieived and credited to the fund (2024: one --------legacy was received: £13,146.52 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		 472,047
£
100,000
£
372,047
£

£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.

Analysis of Net Assets between Funds
General
Designated
Fund
Funds
£
£
Fixed Assets
-
549,154.29
Current Assets
223,744.87
19,202.33
Current Liabilities
(4,693.53)
-
219,051.34
568,356.62
Analysis of Net Assets between Funds
(Comparative year: 2024)
General
Designated
Fund
Funds
£
£
Fixed Assets
-
489,538.85
Current Assets
288,555.70
19,197.30
Current Liabilities
(29,617.76)
-
258,937.94
508,736.15
£335,126 of the purchase cost of 60 Clifton Park Road was provided by The Chur
discretion over the reinvestment of 90% of the proceeds if the property was sold.		 Unrestricted
Funds
£
549,154.29
242,947.20
(4,693.53)
787,407.96
Unrestricted
Funds
£
489,538.85
307,753.00
(29,617.76)
767,674.09
ch Hall Trust and		 Restricted
Funds
£
-
3,621.95
(1,634.38)
1,987.57
Restricted
Funds
£
-
6,039.64
(2,831.94)
3,207.70
he trustees there		 Endowment
Funds
£
2,035,347.57
-
-
2,035,347.57
Endowment
Funds
£
224,897.11
-
-
224,897.11
of would have		 ----------------------
----------
Total
2025
£
2,584,501.86
246,569.15
(6,327.91)
2,824,743.10
Total
2024
£
714,435.96
313,792.64
(32,449.70)
995,778.90

13 Analysis of Net Assets between Funds

NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025

CHRIST CHURCH CLIFTON

14 Commitments

The PCC had no commitments at the end of the financial year for which no provision has been made (2024: none).

15 Funds held as custodians for others

At the year end, the PCC held £1,180.72 (2024: £1,061.94) 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 £8.544.58 (2024: £8.291.68). Payments made as a custodian trustee on behalf of Bristol Diocesan Board of Finance totalled £8,425.80 (2024: £8,303.34).

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 2025

This page is non-statutory and is not covered by the independent examiner's report on page 16

A1 Detailed Statement of Financial Activities by Fund

Donations and Legacies
Provision (Regular Giving)
Provision (Signficant One Off Gifts)
Gift Aid
Restricted Donations
Other Giving
Grants and Donations Received
Legacies
Oakfield Road Fund Transfer
Charitable Activities
Rental Income
Fees from Weddings and Funerals
Events Income
Other Income
Income from Investments
Investment Income and Interest
Investment Income from Oakfield Road
Total Income
Expenditure on Charitable Activities
Mission and Evangelism
Students and Young Adults Work
Youth Work
Children and Schools Work
Seniors Ministry
Heart for the Individual
Heart for the City
Heart for the Nations
Mission
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 2025
Property Fund
Equipment Fund
Balance carried forward 31 December 2024
Property fund
Equipment fund
Balances c/forward 31 December 2024		 * General
Fund
(inc Equipment)
2025
£
328,583.47
20,000.00
79,343.29
-
2,137.17
2,085.37
-
-
54,811.08
4,166.00
5,552.80
521.27
10,032.29
77,777.97
585,010.71
4,384.95
2,135.99
3,798.06
4,025.82
1,760.07
2,100.00
12,705.90
30,917.42
61,828.21
164,323.92
157,224.31
6,840.00
7,899.06
11,362.23
11,349.25
194,674.85
4,005.32
5,171.34
2,183.61
10,388.21
4,693.16
1,385.19
1,459.25
29,286.08
13,497.17
54,454.73
23,496.55
8,580.42
100,028.87
2,676.00
12,003.06
460.88
15,139.94
565,281.87
19,728.84
-
-
258,937.94
-
17,491.85
219,051.34
-
77,107.29
296,158.63
Unrestr		 Legacies
Fund
2025
£
-
-
-
-
-
-
5.03
-
-
-
-
-
-
-
5.03
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5.03
-
-
19,197.30
-
-
19,202.33
-
-
19,202.33
icted Funds		 Total
Unrestricted
Funds
2025
£
328,583.47
20,000.00
79,343.29
-
2,137.17
2,085.37
5.03
-
54,811.08
4,166.00
5,552.80
521.27
10,032.29
77,777.97
585,015.74
4,384.95
2,135.99
3,798.06
4,025.82
1,760.07
2,100.00
12,705.90
30,917.42
61,828.21
164,323.92
157,224.31
6,840.00
7,899.06
11,362.23
11,349.25
194,674.85
4,005.32
5,171.34
2,183.61
10,388.21
4,693.16
1,385.19
1,459.25
29,286.08
13,497.17
54,454.73
23,496.55
8,580.42
100,028.87
2,676.00
12,003.06
460.88
15,139.94
565,281.87
19,733.87
-
-
278,135.24
472,047.00
17,491.85
238,253.67
472,047.00
77,107.29
787,407.96		 Mission
Funds
2025
£
-
-
-
30,794.38
-
-
-
-
-
-
-
-
-
-
30,794.38
-
-
-
-
-
-
29,977.19
817.19
30,794.38
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
30,794.38
-
-
-
-
-
-
-
-
-
-
Rest		 Other
Funds
2025
£
-
-
-
2,100.00
-
855.00
-
-
-
-
-
-
-
-
2,955.00
-
396.85
488.13
297.96
798.55
250.00
-
-
2,231.49
-
-
-
-
-
-
-
-
-
1,732.86
-
-
-
-
1,732.86
-
210.78
-
-
210.78
-
-
-
-
4,175.13
(1,220.13)
-
-
3,207.70
-
-
1,987.57
-
-
1,987.57
ricted Funds		 Total
Restricted
Funds
2025
£
-
-
-
32,894.38
-
855.00
-
-
-
-
-
-
-
-
33,749.38
-
396.85
488.13
297.96
798.55
250.00
29,977.19
817.19
33,025.87
-
-
-
-
-
-
-
-
-
1,732.86
-
-
-
-
1,732.86
-
210.78
-
-
210.78
-
-
-
-
34,969.51
(1,220.13)
-
-
3,207.70
-
-
1,987.57
-
-
1,987.57		 Endowment
Funds
2025
£
-
-
-
-
-
-
-
1,819,180.50
-
-
-
-
-
-
1,819,180.50
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,819,180.50
-
(8,730.04)
224,897.11
-
-
2,035,347.57
-
-
2,035,347.57		 Total
Funds
2025
£
328,583.47
20,000.00
79,343.29
32,894.38
2,137.17
2,940.37
5.03
1,819,180.50
54,811.08
4,166.00
5,552.80
521.27
10,032.29
77,777.97
2,437,945.62
4,384.95
2,532.84
4,286.19
4,323.78
2,558.62
2,350.00
42,683.09
31,734.61
94,854.08
164,323.92
157,224.31
6,840.00
7,899.06
11,362.23
11,349.25
194,674.85
4,005.32
5,171.34
3,916.47
10,388.21
4,693.16
1,385.19
1,459.25
31,018.94
13,497.17
54,665.51
23,496.55
8,580.42
100,239.65
2,676.00
12,003.06
460.88
15,139.94
600,251.38
-
1,837,694.24
-
(8,730.04)
506,240.05
472,047.00
17,491.85
2,275,588.81
472,047.00
77,107.29
2,824,743.10		 Total
Funds
2024
£
326,492.32
20,000.00
82,334.30
37,998.68
2,344.37
6,258.77
13,146.52
-
14,997.75
3,467.00
4,668.63
14,865.20
9,639.79
87,400.66
623,613.99
4,016.29
767.66
2,645.21
4,764.31
2,555.30
2,400.00
42,362.55
38,196.94
97,708.26
175,000.00
125,335.88
5,846.20
4,225.93
22,221.35
11,031.73
168,661.09
3,735.83
3,883.18
1,065.53
14,950.23
4,854.58
1,295.48
964.20
30,749.03
13,578.08
25,310.88
21,088.77
7,152.76
67,130.49
2,772.00
10,468.47
132.94
13,373.41
552,622.28
70,991.71
-
5,036.57
424,070.37
472,047.00
23,633.25
506,240.05
472,047.00
0
17,491.85
995,778.90

CHRIST CHURCH CLIFTON

APPENDIX TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

This page is non-statutory and is not covered by the independent examiner's report on page 16

A2 Analysis of General Fund Actual 2025 against Budget 2025 and 2026

This note excludes depreciation, which is charged to the Equipment Fund

General
Fund
Budget
2025
£
Donations and Legacies
Provision (Regular Giving)
315,000.00
Provision (Significant One Off Gifts)
10,000.00
Gift Aid
65,625.00
Other Giving
2,500.00
Grants and Donations Received
500.00
Charitable Activities
Rental Income
38,000.00
Fees from Weddings and Funerals
3,000.00
Events Income
3,000.00
Other Income
-
Income from Investments
Investment Income and Interest
9,000.00
Income from Oakfield Road Investment
60,000.00
Total Income
506,625.00
Expenditure on Charitable Activities
Mission and Evangelism
4,500.00
Students and Young Adults Work
1,500.00
Youth Work
4,000.00
Children and Schools Work
5,000.00
Seniors Ministry
1,500.00
Creative Arts Ministries
-
Heart for the Individual
1,500.00
Heart for the City
12,000.00
Heart for the Nations
38,000.00
Mission
68,000.00
Parish Share
164,323.90
(Additional Conditional Parish Share Payment)
-
Salaries and Pension Payments
174,500.00
Staff Expenses
5,500.00
Staff Training
5,000.00
House Repairs and Maintenance
8,000.00
Utilities (houses)
8,500.00
Staff and Associated Costs
201,500.00
Music Expenses and Equipment
4,500.00
Sunday and Other Gatherings
4,200.00
Pastoral
1,600.00
IT, Internet and Web Costs
15,000.00
Stationery, Postage and Printing
5,000.00
Bank Charges
1,500.00
Communications
1,500.00
Offices and Gatherings
33,300.00
Cleaning
13,000.00
Equipment, Repairs and Maintenance
21,000.00
Utilities
20,000.00
Church Building
54,000.00
Audit / Independent Examination Fee
2,500.00
Insurance
12,000.00
PCC Expenses and Sundry Costs
200.00
Governance
14,700.00
Total Expenses
535,823.90
Net Income/(Expenditure)
(29,198.90)
Deficit/ Surplus as a percentage of income
-5.76%		 General
Fund
Actual
2025
£
328,583.47
20,000.00
79,343.29
2,137.17
2,085.37
54,811.08
4,166.00
5,552.80
521.27
10,032.29
77,777.97
585,010.71
4,384.95
2,135.99
3,798.06
4,025.82
1,760.07
-
2,100.00
12,705.90
30,917.42
61,828.21
164,323.92
-
157,224.31
6,840.00
7,899.06
11,362.23
11,349.25
194,674.85
4,005.32
5,171.34
2,183.61
10,388.21
4,693.16
1,385.19
1,459.25
29,286.08
13,497.17
54,454.73
23,496.55
91,448.45
2,676.00
12,003.06
460.88
15,139.94
556,701.45
28,309.26
4.84%		 General
Fund
Budget
2026
£
374,000.00
10,000.00
89,170.00
2,000.00
200.00
53,400.00
3,000.00
4,100.00
-
9,500.00
65,000.00
610,370.00
6,150.00
3,500.00
4,500.00
4,000.00
1,500.00
-
1,600.00
12,500.00
30,900.00
64,650.00
180,756.00
-
210,500.00
6,000.00
7,500.00
12,000.00
11,000.00
247,000.00
4,000.00
5,200.00
2,700.00
11,000.00
4,500.00
1,500.00
1,500.00
30,400.00
13,000.00
43,000.00
28,000.00
84,000.00
2,600.00
12,000.00
400.00
15,000.00
621,806.00
(11,436.00)
-1.87%