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2021-12-31-accounts

CHARITY NUMBER 1131065

CHRIST CHURCH UNITED REFORMED CHURCH CHELMSFORD

Report and Financial Statements

Year ended 31 December 2021

‘Christ’s Church alive in our community’

CHRIST CHURCH UNITED REFORMED CHURCH CHELMSFORD 164 New London Road, Chelmsford, Essex CM2 0AW Charity Registration No. 1131065

Reference and administrative information

Trustees:

Margaret Atkinson Pat Bruguier to 31 December 2021 Anthony Camp to 31 July 2021 Sue Fleming Jane Humphreys from 1 January 2022 Jean McAslan Helen Poulter Christine Sands Paul Stein Rosemary Stratton John Tyler to 31 December 2021

Bankers: National Westminster Bank

High Street Chelmsford

Independent Examiner: Peyton Tyler Mears 16 Middleborough Colchester CO1 1QT

Church Officers:

Chairman Rev Paul Stein Secretary Sue Fleming Treasurer Jane Humphreys

b

The Trustees present their report and the examined financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” 2015 (FRS102) in preparing the annual report and financial statements of the charity.

Structure, Governance and Management

Christ Church Chelmsford is a Church within the Eastern Synod of the United Reformed Church which is constituted under the United Reformed Church Act 1972 as amended by the United Reformed Church Act 1981 and the United Reformed Church Act 2000. The United Reformed Church Act 1972 is considered to be the Governing Document, in particular Parts I and II of the Schedules to the Act.

The Minister and serving Elders of Christ Church act as its trustees. They act in accordance with the constitution agreed at the Annual Church Meeting on 29 April 2018. The number of serving Elders is normally to be set to represent 10% of the number of those on the Roll of Members. Service is normally for no longer than 6 years. For each election, held every two years, nominations are sought from among those on the Roll of Church Members who may or may not have previously served as Elder in Christ Church or in another Church of the United Reformed Church. Elders elected for the first time are ordained to the role of Elder at the beginning of their period of service. All Elders are inducted at the beginning of each period of service. An election was held in 2021, delayed from 2020, with 3 people stepping down during the year and one person appointed to serve from 1 January 2022.

The Elders are supported by two Committees:

and receive regular reports from[1] :

All major policy decisions are taken in principle, and expenditure approved in principle, by the Elders before being put to the meeting of Church Members. In common with the practices of the United Reformed Church, the Church Meeting is the ultimate decision-making body of Christ Church.

The key management group within the church structure is made up of the Minister, the Church Secretary and the Treasurer. The first of these is remunerated by the denomination centrally at the same rate as all stipendiary ministers of word and sacrament serving the denomination. When no Minister is appointed to serve at Christ Church the Elders elect one of their number to be Chairman. The Chairman, Secretary and Treasurer offer their services in a purely voluntary capacity.

The Elders normally meet 6 to 8 times a year to review the activities of the church and to receive reports (normally on a quarterly basis) from the supporting committees. Recommendations are made to the Church Meeting which normally meets six or seven times a year.

Aims and Objectives

Christ Church Chelmsford exists for the public worship of God according to the principles and usages of the United Reformed Church. It believes that the priorities for the life of the congregation and its outreach in the local community should be preaching/teaching and spiritual direction, youth and children’s work, pastoral care, and Church growth.

The strategy for achieving these aims and objectives is to hold regular services together with a wide range of activities throughout the week to support people of all ages experience the love of God and

1 Family Church Council, and Legacy Management Group have been suspended during the coronavirus pandemic

c

grow in the faith. The Trustees review the aims, objectives and proposed future activities on a regular basis. In 2015 the church family engaged in a Local Ministry and Mission Review resulting in the adoption of a new Mission Manifesto at the church meeting on 2 December 2015.

Achievements and Performance

At the beginning of 2021 the country was again in lockdown. This time Places of Worship were not required by law to shut but advice from the URC at both Assembly and Synod levels left the Trustees in no doubt that the responsible decision was to close the premises.

Once again, as in 2020, the Minister, the Revd Paul Stein, recorded his message each Sunday and uploaded it to YouTube. The upgrade of the AV system in the Sanctuary planned to allow streaming of Services was delayed so that the church could take advantage of technical advice to be offered by Synod. Despite frequent difficulties with the existing system the Minister continued to make his messages available online after the reopening of the church for worship until everincreasing technical problems eventually made that impossible. The congregation was blessed to have had this link with Paul, his teaching and pastoral care at all times especially when in-person contact was impossible.

The church reopened on 9[th] May with considerable restrictions in place........records for Track and Trace, two-metre social distancing, a one-way system for entry and exit, the wearing of masks, no singing, minimal social contact etc. Numbers in the congregation on Sundays became fairly constant at an average of 35 – 40. To allow the congregation to celebrate Communion as safely as possible the minister obtained a supply of individual, sealed Communion pots and those were used throughout the remainder of the year. In September it was possible to reduce social distancing to one metre but another month was to pass before we could make mask-wearing a matter of personal choice. Eventually singing (masked) was permitted and the congregation could share refreshments after worship. In the latter part of the year we were able to hold special Services to celebrate Harvest, to remember and honour those who had died in the previous year, to offer gifts for local families and charities and to support Operation Christmas Child. In Advent, despite anxieties over the rapidly increasing numbers of cases of Omicron (and the resultant re-imposition of mandatory wearing of face-masks), we rejoiced with a Service of Lessons and Carols although concerned for our Minister who suffered a very debilitating bout of Covid and was unable to be with us. We were extremely grateful to Joyce and Keith Berry who came to the rescue and delighted when Paul was well enough (just!) to lead our praise on Christmas Day.

During the year we were saddened by the deaths of four members and grieved too for their families whose pain was worsened by the many restrictions. On a happier note, Church meeting was glad later in the year to be able to welcome formally two new members by transfer of membership from local churches which had closed. At the close of 2021 the roll numbered 89.

During 2021 our Children and Youth Pastor, Jonathan Fowler, succeeded, in spite of the many obstacles created by lockdown, in developing the initiatives and contacts he’d begun in his first few months in post at the end of 2020. The weekly on-line Youth Club transferred to face-to-face sessions as soon as this was feasible, Messy Church (shared with St. John’s Church of England) resumed and Jonathan planned and lead a very successful 3-day Holiday Club (of necessity limited in numbers attending) in July. In due course it was possible to reopen the weekly Parent and Toddler group and for him to establish regular contact with Scouts, Cubs and Beavers. He continued to network with other youth leaders in the city and later in the year became directly involved with members of Made for More, a ministry to local schools, in mentoring and supporting students in one of the city’s High Schools. He has been ably supported in all that he has done by Sue Fleming, his Line Manager, and the Trustees thank them both for all that has been achieved.

Christ Church now has no permanent, paid organist and we have been grateful to have the regular support on organ and piano of a member, Meryl Cantor. The Trustees wish to record thanks to her and to others who have taken over the organ stool when she was unavailable.

d

Of necessity Elders (Trustees) and the members of the Finance Committee met on-line at usual intervals until it was possible to resume in-person gatherings and Church Meetings were held again from 1[st] August. The Minister and Elders made every effort to maintain by phone and/or email regular pastoral contact with members and friends when no visits were allowed and understand and respect the hesitation still felt by some about returning to worship with us. The regular on-line “Coffee and Chat” continued as did the “Weekly Update,” giving news of Worship plans and much more. This information has also been sent by post where necessary and the Trustees are very aware of its importance and thank the Minister and others who contribute to it. They also thank Jean Burrows, the office administrator, who edits and distributes it in addition to producing a monthly publication, “Friendship Friday,” which cheers all who read it.

Weekday activities resumed slowly in the Autumn. The loyal small band of friends in the Activity Group were glad to lead the way and soup-and-sandwich lunches also for a relatively small number soon followed. Those who regularly go out together for Sunday lunch were able to enjoy doing so again and a Fellowship Tea held in November was very popular. Sadly and to everyone’s disappointment, the community Christmas lunch planned for mid-December was a victim of the advancing wave of Omicron and had to be cancelled.

At the end of a challenging and at times very difficult year the Trustees would like to record their warm thanks to our minister, Paul, for his constant, faithful and wise leadership, for all his hard work (often unseen) and unwavering compassionate care. We are thankful too for Jonathan, our Youth Pastor, and for all that he has achieved within the church and in the wider community.

We recognise how much we owe to the Treasurer Jane, Bursar Norman and the Finance Committee whose work and advice underpin so much of what we do. Throughout the year the congregation’s regular giving has remained strong and that has been publicly and gratefully acknowledged by the Minister and Treasurer. In addition special collections in aid of several local charities have been well supported as has a DEC appeal for funds to provide aid in Haiti.

We are grateful too to our Premises Team, lead by Manager, Richard, who in the face of furloughing and ever-changing regulations have cheerfully supported the life of the church. Their task has been even harder since the very sad and sudden death of a member of the team early in the year and the retirement of another some months later. Recruiting new staff has proved to be very difficult and the willingness of those who remain to work flexibly has been greatly appreciated.

Finally, the Trustees wish to thank the whole church family for their prayers and support in a very testing time.

Financial review

Financial Statements

The financial statements, including the notes, have been prepared in compliance with the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” 2015 (FRS102). The analysis of income and expenditure reflects the classification of activities, together with costs relating to administration. The church does not sell goods or services, nor are there any other trading activities.

Statement of Financial Activities

At the end of 2021, overall assets totalled £1,026,297, an increase of £141,292 on 2020. The budgeted items of the General Fund showed a deficit of £27,878 to which there was a budgeted contribution of £15,000 from the Underhill legacy.

Operating income totalled £221,667, an increase of over £10,000 due to three exceptional items offsetting the continuing low level of income from lettings. Our insurers have paid £28,000 for business disruption due to Covid-19 during 2020, we claimed £20,574 from the Coronavirus Job Retention Scheme, and we received legacies of £10,000 from Betty Lomas and £5000 from Wilma Smith. Income from lettings was over £2000 less than in 2020 as the phlebotomy clinic moved out at

e

the end of March after ten years, and coronavirus regulations only allowed for a full range of activities from mid July.

Expenditure overall totalled £207,794, a decrease of £27,259. Spending on budgeted items fell by over £60,000 as we reduced our commitment to the Ministry and Mission Fund by over £15,500 and to the Repairs and Maintenance Fund by £18,000. We continued to pay our staff in full while they were covered by the furlough scheme. Our restricted ability to use the premises for worship and for other activities led to savings of over £28,000.

Activity on other funds:

In addition to giving to the Communion Fund, £2681 was raised for charitable purposes outside Christ Church.

Balance sheet

There were no changes to our investments in 2021. All increased in value by a total of £127,419. Interest on the CCLA COIF savings account averaged 0.01%. In December we opened an account with Redwood Bank paying 0.9% and plan to move all cash not required for current activities to that account.

Reserves policy

General unrestricted funds are required to cover the regular planned activities of Christ Church including support of the Ministry and Mission Fund. The policy is to hold sufficient cash on deposit to cover three months’ expenditure, and to hold medium term investments to cover one full year’s expenditure. At the year end Christ Church held investments of £1,034,720 of which £7,288 relate to restricted funds and £97,239 support the General Fund. Almost all the remainder flow from the unrestricted legacy received during 2015. Cash on deposit and on account totalled £92,347.

Investment policy

Christ Church acknowledges the heritage of assets from congregations of past years, and recognises that there is a responsibility to the worshipping community of the future, whatever form that may take. Where Christ Church holds financial assets beyond what is required to meet the policy for expenditure on the restricted and unrestricted funds, we will normally seek to preserve the value of that capital for future generations.

Investments other than the cash deposits to cover three month’s expenditure will normally be entrusted to the URC (Eastern Province) Trust to manage on our behalf in accordance with that

f

Trust’s financial policy. That Trust seeks to achieve as high an income as possible, subject to protecting the capital value of the funds against inflation. The investments are a mix of fixed interest and equity marketable securities. None of the investments should support practices which are against the church’s conscience to the extent that they are against the conscience of Christians following the Ethical Investment Guidelines approved by the URC General Assembly from time to time.

Risk management

The Elders keep under review the ability to finance the agreed activities of the Church, and the risks presented by externalities such as changes to the regulatory framework relating to the management and use of the Church buildings complex.

The most significant risks relate to the loss, either for a short or a long period, of key people, the majority of whom are volunteers.

Among the key risk controls used by the charity are:

Through the risk management process established for the charity, the Trustees are satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed. The risk register has been updated to address the changing circumstances of the pandemic.

Plans for 2022

After the disruption caused by operating for nearly two years under Covid regulations, much about the future is uncertain. In December the Church Meeting agreed a budget which recognised that our regular activities are likely to operate at a significant loss for at least the next year. We are fortunate to have a good level of reserves which could, if necessary, cover such losses for five to ten years. At the end of 2021 we submitted plans to Chelmsford City Council for permission to remodel the premises to provide a new welcome and reception area at the lower level linked to the upper level by a modern accessible lift. These plans would give effect to the Premises Development Plan which we agreed in January 2020, pre-pandemic, but it is by no means clear today that implementing any or all of these plans should be our post-pandemic priority. The year ahead will be one of discernment, developing our work with children and young people and their families, and seeking the way ahead in worship and witness to the community.

In agreeing this report, the Elders, as trustees of the charity, have paid due regard to the guidance from the Charity Commission in respect of public benefit.

Approved by the Elders at the meeting on 8 March 2022 and signed on their behalf by

REV PAUL STEIN Chairman

g

CHRIST CHURCH UNITED REFORMED CHURCH CHELMSFORD

1

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Note
INCOME FROM:
Donations, legacies and grants
2
Trading and other charitable activities
3
Investment income
4
Total
EXPENDITURE ON:
Expenditure on raising funds
5
Expenditure on charitable activities:
URC Ministry & Mission Fund
6
Ministerial costs
7
Costs of church activities
8, 9
Grants payable and restricted
donations passed on
10
Total
Income/(expenditure) before transfers
Transfers between funds
17.1
Net income/(expenditure)
before other recognised gains and losses
Realised Gains/(losses) on investments
13.2
Unrealised Gains/(losses) on investme
13.2
Net movement in funds
Total funds b/fwd 1 January 2021
Total funds c/fwd 31 December 2021
£		 General
£
94,454
79,379
4,000
177,833
0
36,000
8,541
106,168
0
150,709
27,125
3,000
30,125
0
11,436
41,561
220,831

262,392
£
Unrestricted		 Designated
£
0
757
38,881
39,638
0
0
1,150
47,660
2,500
Funds		 Restricted
Funds
£
3,946
0
250
4,196
0
0
0
1,463
4,312

5,775
-1,580
0
-1,580
0
856
-724
16,109

15,385
£
(Note 18)		 TOTAL
2021
£
98,400
80,136
43,131
221,667
0
36,000
9,691
155,291
6,812
207,794
13,873
0
13,873
0
127,419
141,292
885,005

1,026,297
£		 TOTAL
2020
£
108,449
56,448
46,693
211,590
70
51,516
4,211
165,274
13,982
51,310
0		 235,053
-11,672
-3,000
-14,672
0
115,127
100,455
648,065

748,520
£
(Note 17)		 -23,463
0
-23,463
2,222
-49,714
-70,955
955,960
885,005

The notes on pages 3 to 7 form part of these financial statements

CHRIST CHURCH UNITED REFORMED CHURCH CHELMSFORD

2

BALANCE SHEET AS AT 31 DECEMBER 2021

Note
FIXED ASSETS
Tangible assets
11, 12
Investments
13
CURRENT ASSETS
Debtors
14
Bank and cash balances
CURRENT LIABILITIES
Creditors payable within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
£
Creditors: amounts falling due after more than one year
16
Total assets of the charity
THE FUNDS OF THE CHARITY
Restricted income funds:
18
Unrestricted income funds:
General
Designated
17
Total Unrestricted
Total funds of the charity
£		 General
£
104,244
97,239
201,483
9,993
50,915
60,909
0
60,909

262,392
£
0
Unrestricted		 Designated
£
0
930,194
930,194
0
32,866
32,866
286
32,580

962,773
£
214,253
748,520
0
748,520

£
Funds		 Restricted
Funds
£
0
7,288
7,288
128
8,566
8,694
597
8,097

15,385
£
0
15,385
15,385
0
0

£		 TOTAL
2021
£
104,244
1,034,720
1,138,964
10,122
92,347
102,469
883
101,586

1,240,550
£
214,253
1,026,297
15,385
262,392
748,520
1,010,912
1,026,297
£		 TOTAL
2020
£
110,104
907,301
1,017,405
15,428
67,842
83,270
1,417
81,853
1,099,258
214,253
262,392
262,392
0

£		 885,005
16,109
220,831
648,064
868,895
885,004

APPROVED by the Trustees at the Elders Meeting held on 8 March 2022 and signed on its behalf by

PAUL STEIN

CHRIST CHURCH UNITED REFORMED CHURCH CHELMSFORD

3

NOTES TO THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

1 ACCOUNTING POLICIES 1a Basis of Accounting

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice:Accounting and Reporting by Charities (SORP 2015 - FRS102) issued by the Charity Commission, the Charities Act 2011, and the United Reformed Church guidance. The accruals basis of accounting has been adopted, and the principal accounting policies set out below are applied consistently.

1b

Fund Accounting

Unrestricted funds are general funds available for use at the discretion of the church in furtherance of its charitable objects. Designated funds are sums set aside out of general funds for specific designated purposes. They can be transferred back to unrestricted funds at any time Restricted funds are subjected to restrictions on their expenditure imposed by the donor, or contained in the terms of a grant. Christ Church has no endowment funds

Tangible Fixed Assets

1c Tangible Fixed Assets Freehold property: The Trustees of the church buildings are the URC Eastern Province Trust who hold them upon trust for purposes connected with Christ Church URC Chelmsford. Expenditure incurred on the church buildings is written off in the year it is incurred.

Equipment: Depreciation is applied in a straight line over a period of 5 to 30 years, according to the nature of the asset, calculated to write off the assets over their estimated useful lives. Assets with purchase value below £100 are not capitalised but written off as expenditure

Investment assets: These are stated at mid-market values on the balance sheet date. Changes in valuation over the year are recognised in the Statement of Financial Activities.

1d

1e

1f

Incoming Resources All voluntary giving is included in the financial statements for the period in which it is received. Donations under Gift Aid plus the associated tax recovery are recognised as income when the donation is received. Legacies are accounted for when their receipt is probable and can be properly quantified. All other income is generally recognised when it is receivable.

Resources Expended The URC Ministry & Mission Fund contribution is paid regularly and is included in the financial statements for the year to which it relates. Resources expended are recognised in the period to which they are incurred and include attributable VAT which cannot be recovered. They are allocated to the particular activity to which they relate. As most of the management and activity of the church is carried out by volunteers, this intangible cost is not included in the financial statements as this voluntary contribution to the life of the church is incalculable.

Taxation

As part of the United Reformed Church, the church is an excepted charity within the meaning of the Taxes Acts. Accordingly it is potentially exempt from taxation in respect of income and capital gains received to the extent that such income or gains are applied to exclusively charitable purposes. No provision for taxation has been made in these financial statements.

4

CHRIST CHURCH UNITED REFORMED CHURCH CHELMSFORD

NOTES TO THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

General
Designated
£
£
2. DONATIONS, LEGACIES AND GRANTS
FreeWill Offerings(£816 per week;2020 £862)
42,451
0
Cash offerings
610
0
Other donations to work of Christ Church
4,646
0
Communion fund donations
0
0
Appeals and special offerings
0
0
Income tax refunds under Gift Aid
11,171
0
Legacies
15,002
0
Grants related to Covid-19
20,574
0
£
94,454
£
0
£
3. TRADING AND OTHER CHARITABLE ACTIVITIES
Church lettings
50,818
0
Fund raising events
0
0
Duplicating and office services
131
0
Minibus use
4
0
Youth work
0
641
Day Centre
0
116
Coffee, flowers and other sundry income
426
0
Insurance payment for business disruption
28,000
0
£
79,379
£
757
£
4. INVESTMENT INCOME
Dividends and distributions
3,988
38,881
Bank interest
12
0
£
4,000
£
38,881
£
5. EXPENDITURE ON RAISING FUNDS
Cost of fund raising events
0
0
£
0
£
0
£
6. MINISTRY & MISSION FUND
The church contributes to the central URC costs of training and providing ministers (including the centralised
payment of stipends, pension contributions and other benefits for ministers), running the denomination, and
the wider mission of the national church. This annual budget amounts to some £20million, 83% of which
relates to minister costs, and 91% is provided through the Ministry & Mission Fund contributions from churches.
General
Designated
£
£
7. MINISTERIAL COSTS
Expenses of Minister, including visitors
2,458
0
Manse service charges inc insurance
6,083
0
Manse repairs
0
1,150
£
8,541
£
1,150
£
Unrestricted Funds
Unrestricted Funds		 Restricted
Funds
£
0
0
0
1265
2,681
0
0
0

3,946
£
0
0
0
0
0
0
0
0

0
£
250
0

250
£
0

0
£
Restricted
Funds
£
0
0
0

0
£		 TOTAL
2021
42,451
610
4,646
1,265
2,681
11,171
15,002
20,574

98,400
£
50,818
0
131
4
641
116
426
28,000

80,136
£
43,119
12

43,131
£
0

0
£
TOTAL
2021
£
2,458
6,083
1,150

9,691 £		 TOTAL
2020
£
44,840
1,399
10,631
650
3,583
9,667
0
37,677
108,449
53,084
253
41
197
1,197
1,138
538
0
56,448
46,595
98
46,693
70
70
TOTAL
2020
£
2,356
805
1,050
4,211

5

CHRIST CHURCH UNITED REFORMED CHURCH CHELMSFORD

NOTES TO THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

8. COSTS OF CHURCH ACTIVITIES
Church costs:
Insurance
Utilities
Buildings maintenance
Premises management
Office costs
Music
Equipment (not capitalised)
Telephone
Postage
Children & young people
Minibus
Day centre
Other running costs
£
indicates depreciation included
Support costs:
Governance costs
Depreciation of furniture and equipment
Interest on loan
£
9. PAYMENTS FOR EMPLOYEES AND TRUSTEES*
Salaries and wages
Social security costs
Pension costs
Total staff costs
£		 General
£
6,369
11,249
0
70,911
2,961
888
0
909
455
0
2,305
0
1,229

97,276
£
720
8,172
0

8,892
£
90,478
4,598 of which £34
2,040

97,116
Unrestricted Fu		 Restricted
Designated
Funds
£
£
0
0
0
0
12,529
0
0
0
0
0
0
0
0
0
0
0
0
0
31,371
1,000
0
0
2,000
0
0
463

45,900
£
1,463
£
0
0
0
0
1,760
0

1,760
£
0
£
97 covered by Employers Allowance
nds		 TOTAL
2021
£
6,369
11,249
12,529
70,911
2,961
888
0
909
455
32,371
2,305
2,000
1,692

144,639
£
720
8,172
1,760

10,652
£		 TOTAL
2020
£
6,028
12,764
10,396
89,857
3,501
9,812
69
1,420
425
11,015
3,671
2,585
2,643
154,184
720
8,405
1,964
11,089

No employees had employee benefits in excess of £60,000 (2020: nil)

Eligible Christ Church employees have been enrolled in the NEST pension scheme since February 2017 The charity trustees were neither paid nor received any other benefits from employment with Christ Church in the year (2020: nil), neither were they reimbursed expenses during the year (2020: nil).

No charity trustee received payment for professional or other services supplied to the charity (2020: nil). The trustees are the key management personnel of the charity

The average monthly head count was 7 employees (2020: 8 employees).

10. GRANTS PAYABLE AND RESTRICTED DONATIONS PASSED ON

Appeals and special offerings
Communion Fund
Donations to North Avenue Youth Centre
11. TANGIBLE FIXED ASSETS
Brought forward 1 January 2021
Additions in year
Depreciation for year
Carried forward 31 December 2021		 £ General
Designated
£
£
0
0
0
0
0
2,500

0
£
2,500
£
Prem Magt
Office
Music
£
£
£
2,012
262
674
5,580
0
-224
-1,180
-80
Unrestricted Funds		 Restricted
TOTAL
Funds
2021
£
£
2,681
2,681
1,631
1,631
0
2,500

4,312
£
6,812
£
TOTAL

Bus
General
2021

£
£

21,409
85,747
110,104

0
0
5,580

-1,784
-8,172
-11,440

19,625
77,575
104,244
£		 TOTAL
2020
£
3,795
188
10,000
13,982
TOTAL
2020
£
120,939
421
-11,256
1,788
4,662
594		 110,104

12. TANGIBLE FIXED ASSETS - continued

For the reasons stated in Accounting Policy note 1c, the church buildings are not tangible fixed assets of the church. For insurance purposes the church buildings are valued at £9,848,671. The organ is insured for £861,359, and other church contents are insured by the church for £442,602

6

CHRIST CHURCH UNITED REFORMED CHURCH CHELMSFORD

NOTES TO THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

13. INVESTMENT ASSETS
13.1 The investment assets held at the balance
sheet date comprise:
COIF Ethical Investment Fund
COIF Property Fund
Charifund income units - Thompson grave
Charifund income units - general
£
13.2 The movements on investments over the year were:
Brought forward 1 January 2021
Additions
Disposals
Realised gains
Unrealised gains/(losses) on revaluation
£
14. DEBTORS
Gift Aid Tax recoverable
Appeals tax recoverable
Fuel deposit held by Tesco
Rent for rooms
Cash float
FWO
Grant - HMRC JRS
Interest due
Prepayments
£
15. CURRENT LIABILITIES
Creditors payable within one year:
Appeals
Church running costs
Repairs and maintenance
Interest on loan
£
16. LONG TERM LIABILITIES
Loan from URCEPT November 2016 (to 2026)
Repayment of capital
Balance outstanding 31 December 2021		 General
£
31,197
0
1,163
64,878

97,239
£
85,803
0
0
0
11437

97,240
£
2,325
0
100
5,977
100
0
0
7
1,484

9,993
£
0
0
0
0

0
£
Unrestricted Fu		 Designated
£
66,872
863,322
0
0

930,194
£
815,067
0
0
0
115,126

930,193
£
0
0
0
0
0
0
0
0
0

0
£
0
0
0
286

286
£
214,253
214,253
nds		 Restricted
Funds
£
3,814
0
3,474
0

7,288
£
6,431
0
0
0
856

7,287
£
69
60
0
0
0
0
0
0
0

129
£
597
0
0
0

597
£		 TOTAL
2021
£
101,883
863,322
4,637
64,878
1,034,720
£
907,301
0
0
0
127,419
1,034,720
£
2,394
60
100
5,977
100
0
0
7
1,484

10,122
£
597
0
0
286

883
£
214,253
0
214,253		 TOTAL
2020
£
89,983
756,006
4,082
57,231
907,301
1,054,793
0
-100,000
2,222
-49,714
907,301
2,888
648
100
8,153
100
289
1,846
0
1,405
15,428
1,174
0
0
243
1,417
314,253
-100,000
214,253

17. DESIGNATED FUNDS

The church operates 6 Designated Funds with the encouragement of Church Meeting:

Repairs and maintenance - established and used to fund the proper maintenance of the buildings and property, and to ensure

that funds are available on a long term basis to deal with expensive work without distorting annual figures. Funded by provision from the general fund, and exceptionally by the Underhill legacy

Church growth fund - established in 2005 to support and encourage the growth of the people of the Church rather than its property Music fund - established initially by legacy, now supported by donations and, when appropriate, by transfer from the general fund. Its purpose is to ensure that funds are available to develop the music in Church. Underhill fund - established in 2015 to manage and deploy the legacy from Irene Underhill Legacy fund - established 2011 to hold legacies pending their expenditure on purposes indicated by the legatee. Currently unfunded Jubilee fund - established 2020 to manage the celebrations for the first 50 years of Christ Church and any projects arising In addition, in April 2016 the Day Centre combined its cash activities with the rest of the Church activities.

7

CHRIST CHURCH UNITED REFORMED CHURCH CHELMSFORD NOTES TO THE STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDING 31 DECEMBER 2021

17.1 The movements on the Designated Funds during the year were:

17.1 The movements on the Designated Funds during the year were:
Balance b/fwd 1 January 2021
Transfer from general fund
Receipts
Investment income
Interest
Expenditure in year
Transfer between Designated funds
Transfer to General Fund
Realised gain
change in investment value
Balance c/fwd 31 December 2021
£
The Repairs and Maintenance Fund expenditure comprised:
Church:
Premises development plans
Service contracts and routine maintenance
Miscellaneous
£		 TOTAL
Repairs
Church growth
Music
Underhill
Day Centre
Jubilee
2021
£
£
£
£
£
£
£
22,217
62,541
5,353
544,259
6,381
7,314
648,065
12,000
0
0
0
0
12,000
641
116
0
757
220
1,396
88
37,177
0
0
38,881
0
0
0
34,437
63,937
5,441
582,077
6,497
7,314
699,703
-13,679
0
0
-35,631
-2,000
0
-51,310
0
0
0
0
0
0
0
0
0
-15,000
0
-15,000
0
0
0
0
0
964
6,133
383
107,646
0
0
115,126

21,722
70,070
5,824
639,092
4,497
7,314
748,519
£
£
Manse:
£
0
plumbing repairs
424
Trees pruning
380
security contract
188
Boiler service
158
12,054
474

12,528
1,150		 TOTAL
2020
£
659,887
30,000
9,769
42,508
44
742,208
-37,435
0
-20,000
2,222
-38,931
648,064
£
Manse:
0
plumbing repairs
Trees pruning
security contract
Boiler service
12,054
474

12,528

18. RESTRICTED FUNDS

The church accounts include 3 Restricted Funds, where the monies can only be used for the specific purpose for which they were entrusted to the church. These monies are not at the disposal of the Church Meeting for any other purpose, and represent:

Organ fund - initially established and funded from a legacy, now supported by donations and fund-raising. Its purpose is to support long term major repairs and development of the organ (routine maintenance is met by the general fund)

Thompson grave maintenance - the terms of the legacy stipulated that £2000 must be retained to maintain the grave Children and young people fund - established in 2014 from the specific bequest of Irene Underhill and the residual amounts of the Forbes Fund and the Youth Events Fund to provide a single fund to support work with children and younger people.

Christ Church also receives donations at Communion services to be used for benevolent acts and which are held in a separate account In addition, monies raised by appeal for specific charitable purposes external to Christ Church are considered to be restricted in purpose Appeals amounted to £2681 in 2021

18.1 The movements on the Restricted Funds during the year were:
Balance b/fwd 1 January 2021
Investment income
Interest
Donations
Expenditure in year
change in investment value
Balance c/fwd 31 December 2021		 Children/
Thompson
Organ
young people
Communion
£
£
£
6,941
4104
4,063
1001
80
5
165
0
0
0
0
0
1265
7,021
4,109
4,228
2,266
0
-1,000
-463
-1631
358
88
410
0
7,379
3,197
4,175
634
£		 TOTAL
2021
£
16,109
250
0
1,265
17,624
-3,094
856

15,385
£		 TOTAL
2020
£
15,830
249
21
650
16,750
-188
-454
16,109

TREASURER'S STATEMENT

I have prepared the accounts on pages 1 to 7 for the year ended 31 December 2021

…………………………………….

JANE HUMPHREYS 31st January 2022

Christ Church United Reformed Church Chelmsford

Independent Examiner's Report to the Trustees of Christ Church United Reformed Church Chelmsford

Year Ended 31st December 2021

I report on the financial statements for the year ended 31st December 2021, which are set out on pages 1 to 7.

Respective Responsibilities of Trustees and Examiner

The trustees are responsible for the preparation of the financial statements. The trustee considers that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Basis of Independent Examiner's Report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the next statement.

Independent Examiner's Statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

PEYTON TYLER MEARS Chartered accountant

Middleborough House 16 Middleborough Colchester Essex CO1 1QT

23[rd] February 2022.