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2022-12-31-accounts

PCC Report for the APCM on Tuesday 24[th] May

This is a momentous year in the life of Christ Church as it celebrates its sesquicentennial or 150th anniversary, sharing it with our Queen’s own Platinum Jubilee. The PCC would like to thank Dave Johnston for his ministry among us and are delighted he is to share this celebration year with us at Christ Church.

The PCC has met six times since the covid related postponement of the APCM in October 2021. We began to meet in person from November and those unable to attend, because of covid, were able to zoom in. Heather Yaxley is standing down as churchwarden, and Lesley Majekodunmi, who was elected to the PCC last October, has had to stand down as well. Amanda Coyle has served her three years on the PCC so must also stand down. Our thanks to all of them for their faithful ministry in overseeing the business side of church management. The PCC would also like to thank Margaret Peerless for her invaluable and effective ministry as PCC secretary since 2017. Although handing this role over at the APCM last October she is still the secretary to the Fabric and Finance Committee.

Services and activities have gradually begun again in person, and the 09:00 Holy Communion service continues to be streamed. To avoid using the common cup in communion, wafers are tinctured with wine so the congregation can receive communion in both kinds.

The Ministry among Older People has resumed with the Friendship Café taking the place of the Dementia café. Numbers have virtually returned to and even exceeded pre-covid levels. Community Lunch once a month continues to be a very helpful setting for fellowship, mainly amongst older people.

With two generous legacies to Christ Church and the sale of the house in Walden Road in the autumn, a small group have been looking into purchasing a smaller property that is well maintained. An offer has been accepted for a three bedroomed town house in Invicta Close, Chislehurst, though the vendors have yet to find a new house to buy. This has been the case for several months, but as we are cash buyers and as yet have no Ministry Team Leader to accommodate we have been in a good position. However, we continue to look, but the market is currently very slow.

The PCC was sorry to receive the resignation of Dan Greenwood as the Premises Manager, and we wish him, Danielle and Mark every blessing as they look for a new home, and as Dan seeks to grow his IT support business. We thank Dan for many years of faithful, practical, servant ministry among us at Christ Church. There is an ongoing legal situation regarding Dan and PCC, which must remain confidential, and we appreciate prayers for a good outcome for all concerned.

There is still the intention to employ a Ministry Team Leader in place of Lydia Chancellor, and hopefully that can happen later this year. However, as life slowly returns to some sort of normality after the pandemic, we are seeing many regular families, and a good number of new ones, returning to worship, especially at 10.45 on Sundays. We are grateful for the team of volunteers who run Kids Church, ABC on Mondays and the Friday Youth Club. An additional activity aimed at new mothers and babies has begun and is meeting an important need as many new Mums have struggled during lockdown.

In this 150[th] year of Christ Church there are a number of special services and events taking place to gather the congregation, and wider community, together to celebrate and give thanks. We praise God for His faithfulness to us in so many ways.

Angela Scott, Secretary

Christ Church Chislehurst

End of Year Financial Statements

Year ending 31 December 2022

Christ Church, Chislehurst

Statement of Financial Activities

For the period from 01 January 2022 to 31 December 2022

Unrestricted Restricted Endowment Total Prior year
funds funds funds funds total funds
Incoming resources
Incoming resources from generated funds
Voluntary income 319,710 5,270 324,980 144,619
Activities for generating funds 26,437 150 26,587 17,547
Investment income 9,230 9,230 1,709
Incoming resources from charitable activities 2,772 2,772 3,370
Other incoming resources 2,908 2,908 453,604
Total incoming resources 361,059 5,420 366,479 620,850
Resources used
Cost of generating funds
Cost of generating voluntary income 1,724 1,724 208
Charitable activities 170,511 3,481 173,992 164,995
Other resources used 3,911 3,608 7,519 3,008
Total resources used 176,147 7,089 183,237 168,212
Net income / (expenditure) 184,911 (1,669) 183,241 452,638
Transfers
Gross transfers between funds - in 12,597 3,650 16,247 166,428
Gross transfers between funds - out (7,250) (8,997) (16,247) (166,428)
Net income / (expenditure) 190,258 (7,016) 183,241 452,638
Other recognised gains / losses
Net movement in funds 190,258 (7,016) 183,241 452,638
Reconciliation of funds
Total funds brought forward 710,286 14,170 724,457 271,819
Total funds carried forward 900,544 7,154 907,698 724,457
Represented by
Unrestricted
General fund 884,498 884,498 698,637
Designated
Church Repair Fund 15,581 15,581 11,508
Holiday at Home 260 260 110
Ladies Events 175 175
MRIJO Fund 30 30 30
Restricted
Children's Fund 4,089 4,089 3,008
Clock Fund 150 150
Community Lunch 255 255 110
Families Children Youth (FCY) Fund 2,260 2,260 2,260
JRuthven Flowers 400 400 450
Roof Repair Fund 8,341
Total funds 900,544 7,154 907,698 724,457

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

03 May 2023 Page 2

Christ Church, Chislehurst

Analysis of income and expenditure

Selected period: 01 January 2022 to 31 December 2022

Total
Unrestricted Designated Restricted Endowment This year Last year
Incoming resources
Incoming resources from generated funds
0101 - Gift Aid - Bank 75,683 75,683 92,554
0210 - CAF/Stewardship giving 1,100 1,100 650
0301 - Loose plate collections 7,907 7,907 3,339
0501 - One-off Gift Aid gifts 7,760 2,100 9,860 18,319
0503 - one-off donations (non Gift Aid) 92 92 3,593
0550 - Donations appeals etc 25 25 30
0601 - Tax recoverable on Gift Aid 18,605 18,605 24,732
0701 - Legacies 204,792 204,792 500
0801 - Grants 2,249 3,000 5,249 457
0901 - Other funds generated 1,194 325 145 1,664 443
0910 - Fund raising events 71 150 221 351
1240 - CCCC lettings - non-church 26,366 26,366 17,195
1001 - Dividends 12
1020 - Bank and building society 6,908 72 6,980 96
interest
1030 - Rent from lands or buildings 2,250 2,250 1,600
Incoming resources from 354,981 397 5,420 360,798 163,875
generated funds Totals
Incoming resources from charitable activities
1101 - Fees for weddings 48 48 554
1105 - Fees for funerals 1,752 1,752 2,956
1106 - DBF Fees (1,798) (1,798) (1,877)
1120 - U11, donations 2,562 2,562 1,144
1130 - U11 fees for activities 439
1210 - Bookstall sales 207 207 152
Incoming resources from 2,772 2,772 3,370
charitable activities Totals
Other incoming resources
1310 - Insurance claims 2,908 2,908
1320 - Surplus - sales of fixed assets 453,604
Other incoming resources Totals 2,908 2,908 453,604
Incoming resources Grand 360,661 397 5,420 366,479 620,850
totals
Resources used
Cost of generating funds
1710 - Bank Charges 254 254 208
1740 - Investment management costs 1,470 1,470
Cost of generating funds Totals 1,724 1,724 208

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

03 May 2023 Page 3

Total
Unrestricted Designated Restricted Endowment This year Last year
Charitable activities
1810 - Ministry parish share etc 70,391 70,391 65,529
1820 - Giving to missionary societies (4,615) (4,615) 22,941
1830 - Giving - relief and development 22,500 22,500 2,770
agencies
1850 - Subscriptions 2,547 2,547 2,320
1870 - Secular charities 1,000
1890 - Gifts of Encouragement 30
1901 - Vicar's Stipend 45
1903 - Working expenses of incumbent 370 370 66
1905 - Vicarage expenses 4,075 4,075 4,116
1907 - Vicarage repairs/maintenance 308 308 1,238
1915 - 56 Walden Rd. expenses 459
1931 - Families Ministry Employment 4,241 4,241
costs
1941 - Administrator Employment costs 7,502 7,502 8,401
1961 - Other Staff Employment costs 668 668 15,201
1963 - Other Staff Expenses 539
2110 - Sunday School expenses 61 61
2120 - U11 (free activities) 1,535 1,535 695
2130 - U11 (charged for activities) 237
2201 - Parish training 30 30 201
2203 - Prayer Ministry 70 70 60
2205 - Local outreach work 89 919 1,009 1,010
2207 - Alpha expenses 143 143
2208 - Worship Ministry 376 376 358
2210 - General Ministry Expenses 487 487 381
2220 - Catering expenses 497 497 144
2303 - Church office - Stationery (23) (23) 19
2307 - Church office - copying/printing 739 739 399
2310 - Church office - telephone 1,387 1,387 1,607
2312 - Church Office - other expenses 1,211 1,211 1,242
2350 - Upkeep of churchyard 827 827 324
2405 - Church - insurance 7,154 7,154 6,864
2410 - Church running - gas 3,434 3,434 454
2415 - Church running - electric 1,785 1,785 914
2420 - Church running - water 241 241
2430 - Church maintenance 7,260 7,260 1,236
2435 - Church Cleaning 2,484 2,484 680
2440 - Church service expenses 328 50 378 208
2450 - Organ / piano tuning 198 198 406
2503 - Bookstall costs 75 75 197
2530 - CCCC - electricity 3,609 3,609 8,050
2540 - CCCC - gas 8,328 8,328 1,844
2560 - CCCC - maintenance 7,707 7,707 5,746
2570 - CCCC - water 394 394 560
2580 - CCCC - Cleaning 3,408 3,408 3,486
2590 - CCCC - other expenses 157
2801 - CCCC major repairs - structure 2,511 2,511 (2,512)
2840 - Flat expenses 3,168 3,168 3,606
2850 - Flat maintenance 5,507 5,507 1,753
Charitable activities Totals 170,511 3,481 173,992 164,995
Other resources used
2315 - Legal fees 2,893 3,000 5,893 2,400
2910 - Depreciation 1,018 608 1,626 608
2920 - Repair funds expense 400 (400)
Other resources used Totals 4,311 (400) 3,608 7,519 3,008

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

01 May 2023 Page 4

Total
Unrestricted Designated Restricted Endowment This year Last year
Resources used Grand totals 176,547 (400) 7,089 183,237 168,212

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

01 May 2023 Page 5

As at 31/12/2022 As at 31/12/2021 £ £

Fixed assets

Tangible assets
Current assets
Debtors
Cash at bank and in hand
Liabilities
Creditors: Amounts falling due in one year
Net current assets less current liabilities
Total assets less current liabilities
Total net assets less liabilities
Represented by
Unrestricted
Unrestricted - General fund
Designated
Designated - Holiday at Home
Designated - Ladies Events
Designated - MRIJO Fund
Designated - Church Repair Fund
Restricted
Restricted - Children's Fund
Restricted - Roof Repair Fund
Restricted - Clock Fund
Restricted - Community Lunch
Restricted - Families Children Youth (FCY) Fund
Restricted - JRuthven Flowers
Funds of the church
5,289
5,289
11,289
897,124
908,414
6,004
902,409
907,698
907,698
884,498
260
175
30
15,581
4,089

150
255
2,260
400
907,698
1,825
1,825
27,858
718,882
746,741
24,109
722,631
724,457
724,457
698,637
110

30
11,508
3,008
8,341

110
2,260
450
724,457

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

03 May 2023

Page 6

Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2022

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.

Page 7

Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2022

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.

2. Staff Costs and Payments to PCC members

Employment costs
Accommodation costs
Working exp
Vicar
-
4,383
370
Other staff
8,171
8.675
4,241
Total 2022
8,171
13,058
4,611
Vicar
46
5,355
66
Other staff
23,603
5,359
539
Total 2021
23,649
10,714
605
TOTAL 4,753 21,087 25,840 5,467 29,501 34,968

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 2022 there were no additional payments to PCC Members.

Page 8

Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2022

Notes to the Financial Statements

3. Fixed Assets

Gross Book Value
At 1 January 2022
Additions
Disposals
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
Depreciation on disposals
At 31 December 2022
Net Book Value
At 31 December 2022
At 1 January 2022
3,042
5,090
-
8,132
1,217
1,626
-
2,843
5,289
1,825

.

Fixed Assets represent a CCTV security system (£1,217) which is depreciated by £608 per year over five years and an alarm system (£4,072) acquired in February 2022 which is depreciated by £1,018 per year over 5 years.

4.
Debtors
Gift Aid recoverable
Prepaid expenditure
Total
2022
2021
9,289
26,278
2,000
1,580
11,289
27,858

Page 9

Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2022

Notes to the Financial Statements

5. Current assets

Current assets comprise cash held in various bank accounts. An amount of £500,000 is currently held with the CCLA in the CBF Church of England Deposit Fund. The deposit rate as at 31 December 2022 was 3.24% A.E.R.

6. Liabilities

Liabilities
Amounts falling due within one year
Accounts Payable
Agency collections
Total
2022
2021
4,670
23,211
1,334
898
6,004
24,109

Page 10

Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2022

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

Page 11

Parochial Church Council of Chislehurst

Financial Statements for year ended 31 December 2022

Notes to the Financial Statements

8. Giving to mission societies, charities and others
Bromley Evangelical
Bromley Foodbank
Church Army
Church Mission Society
Church Pastoral Aid Society
Evangelical Alliance
Footsteps International
Friends of Rochester Cathedral
Gideons
Mission Aviation Fellowship
Nsumbi Trust
OMF
St Christopher’s Hospice
The Bible Society
Welcare
Kintsugi Hope
Hope for Rehoboth
Gifts of Encouragement
CAF – Afghan Refugees
MRIJO (Kondoa)
Kondoa Diocese, Tanzania
Jesus Shaped People
Sharlands
Ukraine Humanitarian Appeal
Spinnaker
TOTAL GIVING
2022
2021
25
25
1,000
1,500
-
1,000
2,500
2,000
1,000
2,000
-
240
1,000
2,000
-
-
-
400
750
1,500
2,000
1,554
-
300
1,000
2,000
-
1,000
2,500
5,000
960
720
2,000
1,700
-
30
-
20
1,500
352
-
1,400
-
2,000
550
-
1,000
-
100
-
17,885
26,741

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 2022 these were for The Children’s Society(£914.60), Nsumbi Trust (£209,70), CPAS (£145) and Bromley Foodbank (£209.71).

Page 12

Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2022

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 2022

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 2022 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:

have not been met; or

Christian Mole ACA, Chislehurst, Kent 3 May 2023

Page 14

This report on the accounts of the PCC for the year ended 31 December 2022 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