Christchurch LOWESTOFT Evergorte rteeds jeSS CHRIST CHURCH WHAPLOAD ROAD LOWESTOFT ANNUAL REPORT AND FINANCIAL STATEMENTS OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31 DECEMBER 2023 INDEXTO ACCOUNTS Page Legal and Administrative details Ministerfs Report Structure Governance and Management Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts 8-16
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT LEGAL AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023 Charitable Status The Parochial Church Council is a charity, Registered Charity Number 1131184. Connected Charity The Parochial Church Council is connected with Christ Church Lowestoft Trust, Registered Charitv Number 1048325. The trustees of the Christ Church Lowestoft Trust are four elected members of the congregation of Christ Church Lowestoft and one member of the Parochial Church Council. Address for Correspondence Christ Chu rch Administration Herring Fishery Score Lowestoft NR32 IXE Members of the Parochial Church Council Jon Carter Barrie Cossey Andy Hicks Pam Hicks Carelien Martin David Ryczanowski Jill Stebbings Andrew Timberlake Eddie Timberlake Angela Waterson Claire Williams Peter William5 Treasurer Andrew Timberlake Secretary Carelien Martin Bankers Barclays Bank PLC 61 London Road North Lowestoft Independent Examiner (Appointed January 20241 Geoff Mann 13 Highworth Avenue Cambridge CB4 2BQ
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT MINISTER'S ANNUAL REPORT FOR 2023 The PCC of Christ Church Lowestoft seeks to support the mission and ministry of the church, particularly in managing the finances, buildings, policies and employment of staff. In 2023, we employed a Families Worker, a Sports & Youth Worker, a Church Administrator and a Cleaner. The PCC continued to better organise our financial accounts, update our building5 and maintain and implement operating policies. We aim to maintain good practice with Safeguarding and to fully cooperate with the Diocese of Norwich Safeguarding team. The work of the PCC has allowed the church to continue to develop a range of activities and services that seek to reach a new generation with the good news of Jesus Christ. Our central activities are our Sunday services. Our main Sunday morning service (loam service) continues to be focused around expository preaching and ha5 grown in numbers and now provides children's groups for three age ra nges. We also run afternoon all-age Café Church services, a smaller evening service I'The Gathering'l and an occasional young adult led service I'The Big House'l. Other special services include Christmas & Easter services, funeral and thanksgiving services and a service marking the Coronation. Our midweek programme for adu Its has included prayer meetings, training seminars and a range of small group5 (women'5 group5, a men's group and a young adults, group). We have also offered courses allowing adults to explore the Christian faith and baptism. Our midweek programme for children and youth continues to grow and includes Shrimps lour play and stay parents and toddlers, group), Saturday Club13-7sl, Explorers Club17-IOsl and Breakout111-185l. For families together, we run Messy Church, FISH IFood-in-School-Holidaysl, a Families BBQ and various special event5. We continue to invest in our Sports programme for all ages, including our Badminton group, Beach Games, Cricket Club, Indoor Bowls, Legacy School Holiday Club, a Sport5 Quiz as well as various one-off activities. At our APCM in April 2023, our Electoral Roll number is 126 (having revised the list and added 24 mem bersl. Average Sunday morning church attendance began 2023 with approximately 101 adults and finished the year with approximately 114. Jon Carter (Vicar) Andrew Timberlake & Cla illiams {Wardens)
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFr STRUCTURE GOVERNANCE & MANAGEMENT The trustees of the charity comprise members of the Parochial Church Council IPCCI which includes the Vicar, Churchwardens, Sports & Youth Worker, Family Coordinator and Church Office Administrator Iwho acts as PCC Secretary). Thi5 Structure ensures governance in alignment with the regulations and policies of the Church of England. In 2015, the PCC established a reserves policy, aiming to hold funds equivalent to approximately two months of standard operating costs plus an additional month of salary expenses, estimated at around £20,000 for 2023. To support this policy, in 2016, the PCC designated £5,000 from the General Fund to a specific reserve fund named Reserves. In 2023, the PCC created a new designated fund labelled 'Building Project,, with a total of £IIO,000 funded through a transfer from the General Fund. This resolution was taken to earmark funds for a planned major building project. By the end of 2023, the reserves consisting of unrestricted current assets minus liabilities as outlined in Note 8 of the financial statements amounted to £180,5151£80,656 at the end of 20221.
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT REPORT TO THE TRUSTEES/MEMBERS OF CHRIST CHURCH, LOWESTOFT ON ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 CHARITY NUMBER 1131184 I report to the trustees on my examination of the accounts of the above charity I'the TrusVI for the year ended 31 December 2023. Responsibilitle5 and basis of report As the charity's trusteesi you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111"the ACVI. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Direction5 given by the Charity Commission under section 14515llbl of the Art. Independent examlnerf$ statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that, in any material respect.. the accountlng records were not kept in accordance with section 130 of the Charitles Act- or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Geoff Mann 13 Highworth Avenue Cambridge CB4 2BQ Date:
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Total Fund5 2023 Unrestricted Funds Restricted Funds 2022 Note Incoming Resources Incoming Resources f rom Donors 2lal Other Voluntary Incoming Resources Incoming Resources from Operating Activities to Generate Funds Income from Investments Total Incoming Resources 96,232 IS,661 111,893 89,319 21bl 106,357 7,770 114,127 87,593 21cl 21dl 2,370 328 205,287 2,018 4,388 328 230,736 4,770 35 181,717 25,449 Resources Expended Grants Activities Directly Relating to the Work of the Church Church Management and Administration Total Resources Expended 31al 5,430 5,430 7,830 31bl 87,766 33,728 121,494 130,598 31cl 12,855 106,051 12,855 139,779 11,474 149,902 33,728 Net Incominglloutgoingl Resources 99,236 -8,279 90,957 31,815 Balante at l January 2023 120221 154,033 27,216 181,249 149,434 Balance at 31 December Z023 120221 253,269 18,937 272,206 181,249 There are no recognised gains or losse5 Other than those included in the results above, and therefore, no separate statement of total recognised gains and105ses has been presented. The notes set out on pages 8 to 16 form an integral part of these accounts.
PAROCHIAL CHURCH COUNCIL CHRIST CHURCH LOWESTOFT BALANCE SHEET AS AT 31 DECEMBER 2023 Note 2023 2022 Fixed Assets Tangible f ixed assets 72,754 73,377 Current Assets Debtors Short term deposits Cash at bank and in hand 54,446 119.665 31,853 205,964 89,394 4,359 28,958 122.711 Current Liabilities: Amounts falling due within one year io 6512 14 839 Net Current Assets 199,452 107,872 Net Assets Funds Unrestricted 272 206 181249 253.269 154,033 Restricted 272 206 181 249 Approved by the Parochial Church Council and signed on its behalf by Jon Carter JL{Ifv Claire Williams Andrew Timberlake Date
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 l Accounting policies (al Basis of Accounting The financial statements have been prepared in accordance with the Statement of Recommended Accounting Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the U K and Republic of Ireland IFRS1021 and the Charities Act 2011. Ibl Funds General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. Restricted fund5 are to be used for the specific purposes laid down by the donor. The account5 include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members. Icl Incoming Resources Voluntary income and capital sources Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised when the principal amount is received. Income tax recoverable on covenants or gift aid donations is recognised at the same time. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due. Funds raised by events are accounted for gross. Sales of books and magazines from the church bookstall are accounted for gross. Other ordinory income Rental income from the letting of church premises is recognised when the rental is due. Parochial fees due to the PCC for weddings. funerals etc are accounted for on an event by event basis.
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 l Accounting policies (continued) Idl Resources Expended Grants Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. Activities directly relating to the work of the Church The Diocesan quota or parish share is accounted for when payable. Any quota unpaid at 31 December 15 provided for in these accounts as an operational Ithough not a legall liability and is shown as a creditor in the Balance Sheet. lel Fixed Assets Consecrated land and buildings and movable churchfurnishings Consecrated and beneficed property is excluded from the accounts under the Charities Act 2011. No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be an inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed. Otherfreehold lond and buildings The PCC considers that due to the long useful life of the Church Halls and the fact that they are kept in a good state of repair, any charge for depreciation would be negligible and therefore no provision has been made. Otherfixturesfittings and office equipment Equipment used within the church premises is depreciated on a straight-line basis over 4 vears. Individual items of equipment with a purchase price of £2,000 or less are written off when the asset is acquired. If) Current Assets Amounts owing to the PCC at 31 December 2023 in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible. Short-term deposits include cash held on deposit either with the Central Board of Finance or atthe bank.
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 l Accounting policies (continued) Igl Current liabilities Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result i n the transfer of funds to a third party and the amount due to settle the obligation can be rneasured or estimated reliably. {hl Golng concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. lil Penslons The charity contributes to money purchase defined contribution schemes on behalf of its employees. No liability exists in respect of pensions other than monthly contributions due included in creditors. io
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFr NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 2 Incoming Resources Total Fund5 2023 Total Funds 2022 Unrestricted Funds Restricted Funds lal Incoming Resourcesfrom Donors Planned Giving Donations Income Tax Recoverable 75,699 8,765 84,464 84,206 20,533 6,896 27,429 3,650 Collections at all Services 1,463 96,232 15,661 111,893 89,319 Ibl Other voluntary incoming resource5 Oonations Appeals etc. 106,357 770 107,127 81,760 Grants 7,000 7,000 5,833 106,357 7,770 114,127 87,593 Incoming resourcesfrom operating Icl octivities to generatefunds and/or defroy costs Church events 1.764 2,018 3,782 3,090 Church hall lettings 155 155 152 Books & Training materials 451 451 185 Fees 1,343 2,370 2,018 4,388 4,770 Idl Incomefrom investments Bank deposit interest 328 328 35 Total Incoming Resources 205,287 25,449 230,736 181,717
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 3 Resources Used Unrestrlcted Funds Restricted Funds Total Funds 2023 Total Funds 2022 lal Grants Missionary and Charitable Giving Missionary Societies Mission Support Welfare Grant5 5,430 5,430 7,000 830 5,430 5,430 7,830 Activities directly relating to the work Ibl of the Church Ministry . Diocesan Share Clergy Expenses Staff salarie5 Training and Conferences Church Fellowship Events Outreach Upkeep of Services Church Running Expenses Youth, family & sports ministry costs Fabric & Equipment Printing and Stationery Publicity and Community General Expenses Diocesan Fees 56,000 2,481 56,000 2,481 33,439 320 58,683 2,209 37,518 263 683 33,439 320 1,080 11,934 9,527 4,819 967 291 229 1,080 11,934 9,527 4,819 967 291 518 118 2,459 17,222 4,181 3,107 242 289 1,514 2,517 130,598 118 87,766 33,728 121,494 Icl Church Management andAdministration Administrator'5 Salary Integrated Digital & Telecommunication 11,940 11,940 10,643 915 915 831 12,855 12,855 11,474 Total Resources Expended 106,051 33,728 139,779 149,902 12
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 4 Staff Costs 2023 2022 Wages and salaries Social security costs Other pension costs 47,601 49,889 1,585 396 During the year the PCC employed a Sports & Youth Worker, a Families Coordinator, a cleaner, and an Administrator. The average weekly number of staff employed by the charity during the year was 412022- 41. No member of staff earned more than £60,000. Remuneration totalling £45,18912022 - £50,676) was paid to 312022 - 41 trustees during the year but not for their role as trustees of the charity. Expenses totalling £12,54212022 £9,917) were reimbursed to 612022 - 61 trustees during the year. 5 Fixed Assets for use by the Church Tangiblefixed 055ets Freehold land and buildings Gross Book value at l January and 31 Oecember 2023 The freehold land and buildings comprise the Church Halls situated at Herring Fishery Score Lowestoft. For accounting purposes, the historical cost of thi5 property is deemed to be its 1994 valuation, and has not been updated. The Diocese holds the land and buildings on behalf of the Parish as Custodian Trustees. The buildings have not been depreciated for the reasons given on page 9 note Ilel. Computer Equipment Cost at l January 2023 Additions 2023 Cost at 31 December 2023 Accumulated Depreciation at l January 2023 Depreciation Charge 2023 Accumulated Depreciation at 31 December 2023 Computer equipment net book value at 31 December 2023 Computer equipment net book value at 31 December 2022 Total fixed asset net book value at 31 December 2023 6,878 6,878 5,501 623 6,124 754 1,377 72,754 73,377 Total fixed asset net book value at 310ecember 2022 13
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 6 Unrestricted Funds The income funds of the PCC include the general income fund and designated funds, which have been set aside out of the unrestricted funds by the PCC for specific purposes. 2023 2022 General Fund Designated Funds: Building Fund Reserves 137,399 148,163 iio,000 5,000 870 5,000 870 Bequests 253,269 154,033 14
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 7 Restricted Funds The funds of the PCC include restricted funds comprising of the following unexpended balances of donations and grants held on trusts to be applied for specific purposes. Balance 31 December 2022 Balance 31 December 2023 Movement in Resources Incomlng Outgoing Restricted Funds Ministry Staff Fund Youth, Family & Sports ministry 8,010 25,429 33,439 180 20 200 Children's Benevolent 1,152 1,152 Overseas Missions 988 988 Women's Mission 335 335 Ministerial Support 783 783 Men's Fellowship Building incl. Fabric, Windows & Kitchen 448 448 8,515 8,515 Admin/Office Flowers 48 48 Diocesan & Other Fees 3,705 3,705 Christ Church Trust 2,077 2,077 Gifts Discretionarv 25 25 Vicar's Discretionary 950 289 661 27,216 25,449 33,728 18,937 15
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 8 Analysis of Net Assets by Fund Unrestricted Funds Restricted Funds Total Fixed Assets Current Assets 72,754 187, 027 72,754 205,964 18,937 Current Liabilities 16,5121 165121 Fund Balance 253,269 18,937 272,206 9 Debtors 2023 2022 Income Tax Recoverable Other Debtors & Prepayments 54,446 89,394 54,446 89,394 10 Liabilities- Amounts falling due within one year. 2023 2022 Missions Diocese HMRC Other 1,830 2,635 7,000 2.517 1,447 3,875 14,839 2,047 6,512 Accruals and Deferred Income 11 Related Party Transactions There were no related party transactions in the year that required disclosure. 16