# **Christ Church Chislehurst** 

## **End of Year Financial Statements** 

**Year ending 31 December 2021** 



## **Christ Church, Chislehurst** 

## **Statement of Financial Activities** 

## **For the period from 01 January 2021 to 31 December 2021** 

||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Prior year**||
|---|---|---|---|---|---|---|
||**funds**|**funds**|**funds**|**funds**|**total funds**||
|**_Incoming resources_**|||||||
|Incoming resources from generated funds|||||||
|Voluntary income|144,891|(271)|—|144,619|184,255||
|Activities for generating funds|17,547|—|—|17,547|11,555||
|Investment income|1,709|—|—|1,709|19,244||
|Incoming resources from charitable activities|3,370|—|—|3,370|6,197||
|Other incoming resources|453,604|—|—|453,604|—||
|**Total income**|**621,122**|**(271)**|**—**|**620,850**|**221,252**||
|**_Resources used_**|||||||
|Cost of generating funds|||||||
|Cost of generating voluntary income|208|—|—|208|596||
|Charitable activities|166,596|(1,601)|—|164,995|225,276||
|Other resources used|2,400|608|—|3,008|608||
|**Total expenditure**|**169,205**|**(992)**|**—**|**168,212**|**226,482**||
|**Net income / (expenditure) resources before transfer**|**451,917**|**720**|**—**|**452,638**|**(5,229)**||
||||||||
|**_Transfers_**|||||||
|Gross transfers between funds - in|166,428|—|—|166,428|22,978||
|Gross transfers between funds - out|(4,434)|—|(161,994)|(166,428)|(22,978)||
|**_Other recognised gains / losses_**|||||||
|**Net movement in funds**|**613,911**|**720**|**(161,994)**|**452,638**|**(5,229)**||
|**_Reconciliation of funds_**|||||||
|**Total funds brought forward**|**96,375**|**13,449**|**161,994**|**271,819**|**277,048**||
|**Total funds carried forward**|**710,286**|**14,170**|**—**|**724,457**|**271,819**||
||||||||
|**_Represented by_**|||||||
|Unrestricted|||||||
|General fund|698,637|—|—|698,637|87,831||
|Designated|||||||
|Church Repair Fund|11,508|—|—|11,508|8,191||
|Holiday at Home|110|—|—|110|—||
|MRIJO Fund|30|—|—|30|352||
|Restricted|||||||
|Children's Fund|—|3,008|—|3,008|2,869||
|Community Lunch|—|110|—|110|—||
|Families Children Youth (FCY) Fund|—|2,260|—|2,260|3,678||
|JRuthven Flowers|—|450|—|450|—||
|Roof Repair Fund|—|8,341|—|8,341|6,901||
|Endowment|||||||
|56 Walden Road|—|—|—|—|161,994||
|**Total funds carried forward**|**710,286**|**14,170**|**—**|**724,457**|**271,819**||



_**There may be minor discrepancies in the totals if the pence are not being shown**_ 

Page 2 



## **Christ Church, Chislehurst Analysis of income and expenditure** 

## **Selected period: 01 January 2021 to 31 December 2021** 

|||||||**Total**||
|---|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**||**Last year**|
|**Incoming resources**||||||||
|**_Incoming resources from generated_**|**_funds_**|||||||
|0101 - Gift Aid - Bank|92,554|—|—|—|92,554||97,800|
|0110 - Gift Aid - Envelopes|—|—|—|—|—||3,180|
|0210 - CAF/Stewardship giving|650|—|—|—|650||300|
|0301 - Loose plate collections|3,339|—|—|—|3,339||2,429|
|0501 - One-off Gift Aid gifts|17,209|—|1,110|—|18,319||39,301|
|0503 - one-off donations (non Gift Aid)|3,593|—|—|—|3,593||6,109|
|0550 - Donations appeals etc|—|30|—|—|30||30|
|0601 - Tax recoverable on Gift Aid|26,614|—|(1,881)|—|24,732||32,594|
|0701 - Legacies|—|—|500|—|500||1,463|
|0801 - Grants|457|—|—|—|457||—|
|0901 - Other funds generated|333|110|—|—|443||1,045|
|0910 - Fund raising events|351|—|—|—|351||—|
|1240 - CCCC lettings - non-church|17,195|—|—|—|17,195||11,555|
|1001 - Dividends|12|—|—|—|12||—|
|1020 - Bank and building society|79|16|—|—|96||44|
|interest||||||||
|1030 - Rent from lands or buildings|1,600|—|—|—|1,600||19,200|
|**_Incoming resources from_**|163,990|156|(271)|—|163,875||215,055|
|**_generated funds Totals_**||||||||
|**_Incoming resources from charitable_**|**_activities_**|||||||
|1101 - Fees for weddings|554|—|—|—|554||970|
|1105 - Fees for funerals|2,956|—|—|—|2,956||2,716|
|1106 - DBF Fees|(1,499)|(378)|—|—|(1,877)||—|
|1120 - U11, donations|1,144|—|—|—|1,144||357|
|1130 - U11 fees for activities|439|—|—|—|439||1,765|
|1210 - Bookstall sales|152|—|—|—|152||137|
|1230 - CCCC lettings - church related|—|—|—|—|—||250|
|**_Incoming resources from_**|3,748|(378)|—|—|3,370||6,197|
|**_charitable activities Totals_**||||||||
|**_Other incoming resources_**||||||||
|1320 - Surplus - sales of fixed assets|453,604|—|—|—|453,604||—|
|**_Other incoming resources Totals_**|453,604|—|—|—|453,604||—|
|**Incoming resources Grand**|621,343|(221)|(271)|—|620,850||221,252|
|**totals**||||||||



|**Resources used**|||||||
|---|---|---|---|---|---|---|
|**_Cost of generating funds_**|||||||
|1610 - Advertising costs|—|—|—|—|—|309|
|1710 - Bank Charges|208|—|—|—|208|287|
|**_Cost of generating funds Totals_**|208|—|—|—|208|596|



_**There may be minor discrepancies in the totals if the pence are not being shown**_ 

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|||||||**Total**||
|---|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**||**Last year**|
|**_Charitable activities_**||||||||
|1810 - Ministry parish share etc|65,529|—|—|—|65,529||73,724|
|1820 - Giving to missionary societies|22,589|352|—|—|22,941||2,720|
|1830 - Giving - relief and development|2,770|—|—|—|2,770||—|
|agencies||||||||
|1850 - Subscriptions|2,320|—|—|—|2,320||1,447|
|1870 - Secular charities|1,000|—|—|—|1,000||—|
|1890 - Gifts of Encouragement|30|—|—|—|30||—|
|1901 - Vicar's Stipend|45|—|—|—|45||—|
|1903 - Working expenses of incumbent|66|—|—|—|66||126|
|1905 - Vicarage expenses|4,116|—|—|—|4,116||3,800|
|1907 - Vicarage repairs/maintenance|1,238|—|—|—|1,238||109|
|1915 - 56 Walden Rd. expenses|459|—|—|—|459||4,946|
|1917 - 56 Walden Rd.|—|—|—|—|—||2,028|
|repair/maintenance||||||||
|1931 - Families Ministry Employment|—|—|—|—|—||7,223|
|costs||||||||
|1933 - Families Ministry Working|—|—|—|—|—||28|
|expenses||||||||
|1935 - Families Ministry other expenses|—|—|—|—|—||(155)|
|1941 - Administrator Employment costs|8,401|—|—|—|8,401||7,786|
|1961 - Other Staff Employment costs|15,201|—|—|—|15,201||38,752|
|1963 - Other Staff Expenses|539|—|—|—|539||—|
|2120 - U11 (free activities)|695|—|—|—|695||250|
|2130 - U11 (charged for activities)|237|—|—|—|237||1,102|
|2201 - Parish training|201|—|—|—|201||—|
|2203 - Prayer Ministry|60|—|—|—|60||208|
|2205 - Local outreach work|150|—|860|—|1,010||—|
|2208 - Worship Ministry|358|—|—|—|358||—|
|2210 - General Ministry Expenses|381|—|—|—|381||417|
|2220 - Catering expenses|144|—|—|—|144||332|
|2303 - Church office - Stationery|19|—|—|—|19||260|
|2305 - Church office - computers|—|—|—|—|—||30|
|2307 - Church office - copying/printing|399|—|—|—|399||201|
|2310 - Church office - telephone|1,607|—|—|—|1,607||1,641|
|2312 - Church Office - other expenses|1,242|—|—|—|1,242||1,291|
|2350 - Upkeep of churchyard|324|—|—|—|324||6,038|
|2405 - Church - insurance|6,864|—|—|—|6,864||6,827|
|2410 - Church running - gas|454|—|—|—|454||487|
|2415 - Church running - electric|914|—|—|—|914||1,440|
|2430 - Church maintenance|1,236|—|—|—|1,236||7,123|
|2435 - Church Cleaning|680|—|—|—|680||1,324|
|2440 - Church service expenses|158|—|50|—|208||100|
|2450 - Organ / piano tuning|406|—|—|—|406||186|
|2503 - Bookstall costs|197|—|—|—|197||136|
|2530 - CCCC - electricity|8,050|—|—|—|8,050||3,977|
|2540 - CCCC - gas|1,844|—|—|—|1,844||2,090|
|2560 - CCCC - maintenance|5,746|—|—|—|5,746||9,957|
|2570 - CCCC - water|560|—|—|—|560||389|
|2580 - CCCC - Cleaning|3,486|—|—|—|3,486||7,010|
|2590 - CCCC - other expenses|157|—|—|—|157||227|
|2801 - CCCC major repairs - structure|—|—|(2,512)|—|(2,512)||25,300|
|2840 - Flat expenses|3,606|—|—|—|3,606||3,392|
|2850 - Flat maintenance|1,753|—|—|—|1,753||988|
|**_Charitable activities Totals_**|166,244|352|(1,601)|—|164,995||225,276|



_**There may be minor discrepancies in the totals if the pence are not being shown**_ 

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|||||||**Total**||
|---|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**This year**||**Last year**|
|**_Other resources used_**||||||||
|2315 - Legal fees|2,400|—|—|—|2,400||—|
|2910 - Depreciation|—|—|608|—|608||608|
|**_Other resources used Totals_**|2,400|—|608|—|3,008||608|
|**Resources used Grand totals**|168,853|352|(992)|—|168,212||226,482|



_**There may be minor discrepancies in the totals if the pence are not being shown**_ 

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## **Christ Church, Chislehurst** 

## **Balance sheet (Summary) As at: 31 December 2021** 

||**As at 31/12/2021**<br>**£**|**As at 31/12/2020**<br>**£**|
|---|---|---|
|**Fixed assets**<br>Tangible assets<br>**Current assets**<br>Debtors<br>Cash at bank and in hand<br>**Liabilities**<br>Creditors: Amounts falling due in one year<br>**Net current assets less current liabilities**<br>**Total assets less current liabilities**<br>**Total net assets less liabilities**<br>**Represented by**<br>**Unrestricted**<br>Unrestricted - General fund<br>**Designated**<br>Designated - Holiday at Home<br>Designated - MRIJO Fund<br>Designated - Church Repair Fund<br>**Restricted**<br>Restricted - Children's Fund<br>Restricted - Community Lunch<br>Restricted - Families Children Youth (FCY) Fund<br>Restricted - JRuthven Flowers<br>Restricted - Roof Repair Fund<br>**Endowment**<br>Endowment - 56 Walden Road<br>**Funds of the church**|1,825<br>1,825<br>27,858<br>718,882<br>746,741<br>24,109<br>**722,631**<br>**724,457**<br>**724,457**<br>698,637<br>110<br>30<br>11,508<br>3,008<br>110<br>2,260<br>450<br>8,341<br>—<br>**724,457**|164,427<br>164,427<br>28,611<br>85,962<br>114,573<br>7,182<br>**107,391**<br>**271,819**<br>**271,819**<br>87,831<br>—<br>352<br>8,191<br>2,869<br>—<br>3,678<br>—<br>6,901<br>161,994<br>**271,819**|



_**There may be minor discrepancies in the totals if the pence are not being shown**_ 

Page 6 



Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2021 

Notes to the Financial Statements 

## **1.  Accounting Policies** 

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006, the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities” published in March 2005 (revised May 2008) and applicable accounting standards. 

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value.  The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law.  They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. 

## **Funds** 

_Endowment funds_ are funds, the capital of which must be maintained; only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established. 

_Restricted funds_ represent income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and donations or grants received for specific object or invited by the PCC for a specific object.  The funds may only be expended on the specific object for which they were given.  Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. 

_Unrestricted funds_ are general funds which can be used for PCC ordinary purposes.   Some funds may be designated for a particular purpose but may also be used for ordinary purposes if necessary.  These funds are also designated as unrestricted. 

## **Incoming resources** 

Planned giving, collections and donations are recognized when received.  Tax refunds are recognized when the incoming resource to which they relate is received.  Dividends are accounted for when receivable, and interest is accrued.  All other income is recognized when it is receivable.  All incoming resources are accounted for gross. 

## **Resources used** 

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC.  The diocesan parish share is accounted for when due.  All other expenditure is generally recognized when it is incurred and is accounted for gross. 

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Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2021 

Notes to the Financial Statements 

## **Fixed assets** 

Consecrated and beneficed property is not included in the accounts in accordance with s.96(2)(a) of the Charities Act 1993. 

No value is placed on movable church furnishings held by the church wardens on special trust for the PCC and which require a faculty for disposal as these are regarded as inalienable property. All expenditure on consecrated and beneficed buildings and movable church furnishings, whether for maintenance or improvement, is written off as expenditure. 

Other fixtures, fittings and office equipment used within the church premises are depreciated on a straight-line basis over five years with a full annual charge taken in the year of acquisition. Individual items of equipment with a purchase price of £1,000 or less are written off in the year of acquisition. 

No depreciation is provided on freehold property as the currently estimated residual value of the property is not less than its carrying value and the remaining useful life of this asset currently exceeds 50 years. 

## **2. Staff Costs and Payments to PCC members** 

|**Employment costs**<br>**Accommodation costs**<br>**Working exp**|**Vicar**<br>46<br>5,355<br>66|**Other staff**<br>23,603<br>5,359<br>539|**Total 2021**<br>23,649<br>10,714<br>605|**_Vicar_**<br>_-_<br>_3,910_<br>_126_|**_Other staff_**<br>_53,756_<br>_4,381_<br>_(127)_|**_Total 2020_**<br>_53,756_<br>_8,291_<br>_(1)_|
|---|---|---|---|---|---|---|
|**TOTAL**|5,467|29,501|34,968|_4,036_|_58,010_|_62,046_|



The Vicar’s employment costs are paid by the Diocese of Rochester, funded through the PCC’s Parish Share contribution to the Diocese. 

Most support costs are incurred solely for the work of the church and have therefore been allocated to activities directly relating to the work of the church. 

## _Additional payments to PCC members_ : 

During 2021 there were no additional payments to PCC Members. 

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Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2021 

## Notes to the Financial Statements 

## **3. Fixed Assets** 

|**Gross Book Value**<br>At 1 January 2021<br>Additions<br>Disposals<br>At 31 December 2021<br>**Depreciation**<br>At 1 January 2021<br>Charge for the year<br>Depreciation on disposals<br>At 31 December 2021<br>**Net Book Value**<br>**At 31 December 2021**<br>_At 1 January 2021_|241,634<br>-<br>(238,592)|
|---|---|
||3,042|
||77,207<br>608<br>(76,598)|
||1,217|
||**1,825**|
||_164,427_|



Fixed Assets at 1 January 2020 comprised freehold property at 56 Walden Road, at its value at 31 December 2001 and cost of extension and conservatory (partial cost) added in 2007, less historic depreciation of £76,598.  The property was sold in March 2021. 

. 

Other Fixed Assets represent a CCTV security system (£3,042) which is depreciated by £608 per year over five years. 

## **4. Debtors** 

|Gift Aid recoverable<br>Prepaid expenditure<br>**Total**|**2020**<br>**2020**<br>26,278<br>28,611<br>1,580<br>-|
|---|---|
||**27,858**<br>**28,611**|



Page 9 



Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2021 

Notes to the Financial Statements 

## **5.  Current assets** 

Current assets comprise cash held in various bank accounts. An amount of £400,000 is currently held with the CCLA in the CBF Church of England Deposit Fund. The deposit rate as at 31 December 2021 was 0.20% A.E.R. 

## **6. Liabilities** 

|**Liabilities**||
|---|---|
|**_Amounts falling due within one year_**<br>Accounts Payable<br>Agency collections<br>**Total**|**2021**<br>**2020**|
||23,211<br>7,182<br>898<br>-|
||**24,109**<br>**7,182**|



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Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2021 

Notes to the Financial Statements 

**7.  Fund Details -** A summary of the fund movements and balances is included in these accounts in the Statement of Financial Activities. 

_Unrestricted Funds_ 

General Fund - used for the general purposes of the PCC 

_Designated funds_ 

Church Repair Fund         - these amounts are held with the Diocesan in a Church Repair Fund 

Mrijo Fund – to be used for the benefit of Mrijo Parish in Kondoa Diocese, Tanzania 

_Restricted Funds_ 

Roof Repair Fund – funds held solely for repairs to the Link roof 

Children’s Fund – funds held solely for furthering children’s work at the church 

Families’ Minister Fund –held solely to contribute to the work of the Families Minister 

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Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2021 

## Notes to the Financial Statements 

|**8.  Giving to mission societies, charities and others**<br>Bromley Evangelical<br>Bromley Foodbank<br>Church Army<br>Church Mission Society<br>Church Pastoral Aid Society<br>Evangelical Alliance<br>Footsteps International<br>Friends of Rochester Cathedral<br>Gideons<br>Mission Aviation Fellowship<br>Nsumbi Trust<br>OMF<br>St Christopher’s Hospice<br>The Bible Society<br>Welcare<br>Kintsugi Hope<br>Hope for Rehoboth<br>Gifts of Encouragement<br>CAF – Afghan Refugees<br>MRIJO (Kondoa)<br>Kondoa Diocese, Tanzania<br>Jesus Shaped People<br>**TOTAL GIVING**|**2021**<br>**2020**<br>25<br>-<br>1,500<br>-<br>1,000<br>-<br>2,000<br>-<br>2,000<br>-<br>240<br>-<br>2,000<br>-<br>-<br>-<br>400<br>-<br>1,500<br>500<br>1,554<br>600<br>300<br>-<br>2,000<br>-<br>1,000<br>-<br>5,000<br>-<br>720<br>720<br>1,700<br>300<br>30<br>-<br>20<br>-<br>352<br>-<br>1,400<br>600<br>2,000<br>-|
|---|---|
||**26,741**<br>**2,720**|



Included in the above payments made in 2021, was £13,284 of away giving that had been approved in the 2020 financial year but was only paid out in 2021. 

In addition, some collections at Christ Church are for specific beneficiaries and are passed on to them directly.  The PCC acts as an agency and such funds do not form part of the resources of the PCC.  In 2021 these were for Rochester Diocese, Afghan Refugees (£555) The Children’s Society(£415.30) and Kondoa Diocese, Tanzania (Mrijo) (£343.18). 

Page 12 



Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2021 

Notes to the Financial Statements 

## **9. Reserves Policy.** 

The PCC’s policy is to maintain general reserves representing several months’ expenditure, to enable it to continue to meet the normal running costs of the church in the event of a temporary shortfall in giving, donations and other income. In considering the appropriate level of reserves, the PCC has considered the normal fluctuation throughout the year of both income and expenditure, the extent to which commitments could be cancelled or reduced, and the need to meet unexpected expenditure on repairs to church and other buildings. 

## **10. Covid 19** 

The PCC has reviewed the effect of the Covid 19 epidemic on its activities.  Whilst there has been a moderate effect on income due to reduced church collections, the epidemic has not affected the charity as a going concern. 

Page 13 



Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2021 

Notes to the Financial Statements 

## **Independent Examiner’s Report to the PCC of Christ Church Chislehurst** 

This report on the accounts of the PCC for the year ended 31 December 2021 which are set out on pages 1 to 13 is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (‘the Regulations’) and s.43 of the Charities Act 1993 (‘the Act’). 

## **Respective responsibilities of trustees and examiner** 

As the members of the PCC you are responsible for the preparation of the accounts; you consider that the audit requirement of the Regulations and section 43(2) of the Act do not apply. It is my responsibility to issue this report on those accounts in accordance with the terms of the Regulations. 

## **Basis of independent examiner’s report** 

My examination was carried out in accordance with the General Directions given by the Charity Commission under section 43(7)(b) of the Act and to be found in the Church guidance, 2006 edition. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering 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 I do not express an audit opinion on the view given by the accounts. 

## **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 

   - to keep accounting records in accordance with section 41 of the Act; and 

   - to prepare accounts which accord with the accounting records and comply with the requirements of the Act and the Regulations 

have not been met; or 

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


Christian Mole ACA, Chislehurst, Kent 22 April 2022 

Page 14