## **APCM 2023/4: PCC Report**
The PCC, comprising sixteen members of the Christ Church family, has met eight times in person since the Annual Parochial Church Meeting in May 2023 and once briefly on zoom in order to approve the accounts. There are 220 names on the Electoral Roll. We have met six times since the last APCM including a half Day Conference in January at the Benedict’s Centre in West Malling.
**Safeguarding** is on the agenda at every meeting. The PCC continue to be committed to safer recruitment and the best care and training opportunities for our staff. A new Human Resources committee was set up in 2022 to ensure we maintain the highest of standards. Our thanks to _Rachel Dixon_ our Safeguarding Officer and _Cath Johnston_ , our PCC link for safeguarding.
**Finance** is on the agenda for each meeting and the end of year accounts for 2023 have been approved by the PCC and are presented at this APCM. Our thanks go to _Gina Ikonomu_ , the church treasure and to _Catherine Ibrahim_ our Church Administrator who also oversees the letting of rooms for the occasional events.
The **church properties** are now let commercially and the monthly income from both help with the disparity between our income and necessary expenditure. Our thanks go to our Church Wardens, _Phil Wearon_ & _Sara Cunningham_ , for their oversight of the church site, properties, the grounds, the kitchens and overseeing the cleaners. Spinnaker Trust continue to use the office space and the Pre-School meets daily during term time.
The PCC have advertised for a **Ministry Leader for Young People** but as yet no appointment has been made. The PCC have discussed our future needs for ministry with young people and currently volunteers help with a new group for younger teenagers on a Sunday. Discussion about a **Ministry Leader among Older People** is currently on hold. Our thanks go to _Catherine Humphries_ our part-time **Ministry Leader for Families and Children** .
**Ministry and Mission** is always an agenda item with a different focus of ministry being considered at each meeting. In addition to the regular **Life Groups** there have also been several additional courses and events including **Alpha, Wellbeing,** a **Volunteers Sunday** , a course on **Romans** and currently a course on the **Bible** . On behalf of the PCC, Churchwarden Sara Cunningham is looking into CCC equipping itself to care for the environment through the Christian Charity AROCHA.org.uk award scheme.
**Premises Management** is always on the agenda and we are grateful to our Church Wardens for overseeing the care of our buildings. In particular Phil Wearon has invested a lot of time in ensuring the church centre runs efficiently. There is also a small team who keep the church grounds outside looking tidy and attractive.
Finally, **Thanks** go to _Dave Johnston_ for his chairmanship of the PCC and for his leadership at CCC. Thanks also those who have served on the PCC for the last twelve months, some of whom are now standing down. We welcome all potential new members following the APCM this May.
**Angela Scott PCC Secretary**
## **Christ Church Chislehurst**
## **End of Year Financial Statements**
**Year ending 31 December 2023**
## **Christ Church, Chislehurst**
## **Statement of Financial Activities**
## **For the period from 01 January 2023 to 31 December 2023**
||**Unrestricted**|**Restricted**|**Total**|**Prior year**||
|---|---|---|---|---|---|
||**funds**|**funds**|**funds**|**total funds**||
|**_Incoming resources_**||||||
|Incoming resources from generated funds||||||
|Voluntary income|117,615|100|117,715|325,020||
|Activities for generating funds|34,946|—|34,946|26,587||
|Investment income|26,219|—|26,219|9,230||
|Incoming resources from charitable activities|7,088|—|7,088|2,772||
|Other incoming resources|13,208|—|13,208|2,908||
|**Total income**|**199,077**|**100**|**199,177**|**366,519**||
|**_Resources used_**||||||
|Cost of generating funds||||||
|Cost of generating voluntary income|329|—|329|1,724||
|Investment management costs|7,801|—|7,801|—||
|Charitable activities|226,836|511|227,347|173,992||
|Other resources used|22,379|—|22,379|7,519||
|**Total expenditure**|**257,346**|**511**|**257,857**|**183,237**||
|**Net income / (expenditure) resources before transfer**|**(58,268)**|**(411)**|**(58,680)**|**183,281**||
|||||||
|**_Transfers_**||||||
|Gross transfers between funds - in|8,754|956|9,710|16,247||
|Gross transfers between funds - out|(8,754)|(956)|(9,710)|(16,247)||
|**_Other recognised gains / losses_**||||||
|**Net movement in funds**|**(58,268)**|**(411)**|**(58,680)**|**183,281**||
|**_Reconciliation of funds_**||||||
|**Total funds brought forward**|**900,584**|**7,154**|**907,738**|**724,457**||
|**Total funds carried forward**|**842,316**|**6,742**|**849,058**|**907,738**||
|||||||
|**_Represented by_**||||||
|Unrestricted||||||
|General fund|826,077|—|826,077|884,538||
|Designated||||||
|Church Repair Fund|15,221|—|15,221|15,581||
|Holiday at Home|763|—|763|260||
|Ladies Events|42|—|42|175||
|MRIJO Fund|30|—|30|30||
|Mens Events|181|—|181|—||
|Restricted||||||
|Children's Fund|—|2,797|2,797|4,089||
|Children's Fund - New Mums Group|—|879|879|—||
|Clock Fund|—|150|150|150||
|Community Lunch|—|255|255|255||
|Families Children Youth (FCY) Fund|—|2,260|2,260|2,260||
|JRuthven Flowers|—|400|400|400||
|**Total funds**|**842,316**|**6,742**|**849,058**|**907,738**||
_**There may be minor discrepancies in the totals if the pence are not being shown**_
11 April 2024 Page 2
## **Christ Church, Chislehurst**
## **Analysis of income and expenditure Selected period: 01 January 2023 to 31 December 2023**
||||||**Total**||
|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**This year**||**Last year**|
|**Incoming resources**|||||||
|**_Incoming resources from generated funds_**|||||||
|0101 - Gift Aid - Bank|74,154|—|—|74,154||75,723|
|0210 - CAF/Stewardship giving|1,750|—|—|1,750||1,100|
|0301 - Loose plate collections|12,042|—|—|12,042||7,907|
|0501 - One-off Gift Aid gifts|7,496|—|—|7,496||9,860|
|0503 - one-off donations (non Gift Aid)|33|—|—|33||92|
|0550 - Donations appeals etc|—|—|—|—||25|
|0601 - Tax recoverable on Gift Aid|20,593|—|—|20,593||18,605|
|0701 - Legacies|—|—|—|—||204,792|
|0801 - Grants|—|—|—|—||5,249|
|0901 - Other funds generated|(3,761)|5,305|100|1,644||1,664|
|0910 - Fund raising events|22|—|—|22||221|
|1240 - CCCC lettings - non-church|34,923|—|—|34,923||26,366|
|1020 - Bank and building society|12,480|394|—|12,875||6,980|
|interest|||||||
|1030 - Rent from lands or buildings|13,344|—|—|13,344||2,250|
|**_Incoming resources from_**|173,080|5,700|100|178,880||360,838|
|**_generated funds Totals_**|||||||
|**_Incoming resources from charitable activities_**|||||||
|1101 - Fees for weddings|1,095|—|—|1,095||48|
|1105 - Fees for funerals|2,788|—|—|2,788||1,752|
|1106 - DBF Fees|(1,652)|—|—|(1,652)||(1,798)|
|1120 - U11, donations|3,937|—|—|3,937||2,562|
|1130 - U11 fees for activities|796|—|—|796||—|
|1210 - Bookstall sales|122|—|—|122||207|
|**_Incoming resources from_**|7,088|—|—|7,088||2,772|
|**_charitable activities Totals_**|||||||
|**_Other incoming resources_**|||||||
|1310 - Insurance claims|13,208|—|—|13,208||2,908|
|**_Other incoming resources Totals_**|13,208|—|—|13,208||2,908|
|**Incoming resources Grand**|193,377|5,700|100|199,177||366,519|
|**totals**|||||||
||||||||
|**Resources used**|||||||
|**_Cost of generating funds_**|||||||
|1710 - Bank Charges|329|—|—|329||254|
|1740 - Investment management costs|—|—|—|—||1,470|
|1918 - 13 Invicta Close expenses|671|—|—|671||—|
|1919 - 13 Invicta Close|7,130|—|—|7,130||—|
|Repairs/Maintenance|||||||
|**_Cost of generating funds Totals_**|8,130|—|—|8,130||1,724|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
11 April 2024 Page 3
||||||**Total**||
|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**This year**||**Last year**|
|**_Charitable activities_**|||||||
|1810 - Ministry parish share etc|71,016|—|—|71,016||70,391|
|1820 - Giving to missionary societies|7,115|—|—|7,115||(4,615)|
|1830 - Giving - relief and development|12,718|—|—|12,718||22,500|
|agencies|||||||
|1850 - Subscriptions|1,540|—|—|1,540||2,547|
|1903 - Working expenses of incumbent|247|—|—|247||370|
|1905 - Vicarage expenses|4,367|—|—|4,367||4,075|
|1907 - Vicarage repairs/maintenance|2,542|—|—|2,542||308|
|1931 - Families Ministry Employment|13,961|—|—|13,961||4,241|
|costs|||||||
|1933 - Families Ministry Working|143|—|—|143||—|
|expenses|||||||
|1935 - Families Ministry other expenses|276|—|—|276||—|
|1941 - Administrator Employment costs|9,575|—|—|9,575||7,502|
|1961 - Other Staff Employment costs|—|—|—|—||668|
|2110 - Sunday School expenses|680|—|—|680||61|
|2120 - U11 (free activities)|1,320|—|—|1,320||1,535|
|2130 - U11 (charged for activities)|950|—|—|950||—|
|2201 - Parish training|30|—|—|30||30|
|2203 - Prayer Ministry|—|—|—|—||70|
|2205 - Local outreach work|130|—|411|541||1,009|
|2207 - Alpha expenses|—|—|—|—||143|
|2208 - Worship Ministry|566|—|100|666||376|
|2210 - General Ministry Expenses|482|—|—|482||487|
|2220 - Catering expenses|823|—|—|823||497|
|2303 - Church office - Stationery|281|—|—|281||(23)|
|2305 - Church office - computers|60|—|—|60||—|
|2307 - Church office - copying/printing|676|—|—|676||739|
|2310 - Church office - telephone|1,343|—|—|1,343||1,387|
|2312 - Church Office - other expenses|2,080|—|—|2,080||1,211|
|2350 - Upkeep of churchyard|12,051|—|—|12,051||827|
|2405 - Church - insurance|7,623|—|—|7,623||7,154|
|2410 - Church running - gas|5,649|—|—|5,649||3,434|
|2415 - Church running - electric|2,990|—|—|2,990||1,785|
|2420 - Church running - water|—|—|—|—||241|
|2430 - Church maintenance|5,946|4,754|—|10,700||7,260|
|2435 - Church Cleaning|2,222|—|—|2,222||2,484|
|2440 - Church service expenses|593|—|—|593||378|
|2450 - Organ / piano tuning|604|—|—|604||198|
|2503 - Bookstall costs|171|—|—|171||75|
|2530 - CCCC - electricity|19,990|—|—|19,990||3,609|
|2540 - CCCC - gas|11,344|—|—|11,344||8,328|
|2560 - CCCC - maintenance|11,825|—|—|11,825||7,707|
|2570 - CCCC - water|752|—|—|752||394|
|2580 - CCCC - Cleaning|5,101|—|—|5,101||3,408|
|2590 - CCCC - other expenses|11|—|—|11||—|
|2801 - CCCC major repairs – structure|—|—|—|—||2,511|
|2840 - Flat expenses|888|—|—|888||3,168|
|2850 - Flat maintenance|1,386|—|—|1,386||5,507|
|**_Charitable activities Totals_**|222,081|4,754|511|227,347||173,992|
|**_Other resources used_**|||||||
|2315 - Professional, Legal and|19,844|—|—|19,844||5,893|
|associated costs|||||||
|2910 - Depreciation|1,318|—|—|1,318||1,626|
|2911 - Fixed asset write offs|1,216|—|—|1,216||—|
|**_Other resources used Totals_**|22,379|—|—|22,379||7,519|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
11 April 2024 Page 4
||||||**Total**||
|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**This year**||**Last year**|
||||||||
|**Resources used Grand totals**|252,591|4,754|511|257,857||183,237|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
11 April 2024 Page 5
## **Christ Church, Chislehurst**
## **Balance sheet (Summary) As at: 31 December 2023**
||**As at 31/12/2023**
**£**|**As at 31/12/2022**
**£**|
|---|---|---|
|**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 - Mens Events
Designated - Church Repair Fund
**Restricted**
Restricted - Children's Fund
Restricted - Children's Fund - New Mums Group
Restricted - Clock Fund
Restricted - Community Lunch
Restricted - Families Children Youth (FCY) Fund
Restricted - JRuthven Flowers
**Funds of the church**|489,912
489,912
8,342
362,879
371,221
12,075
**359,146**
**849,058**
**849,058**
826,077
763
42
30
181
15,221
2,797
879
150
255
2,260
400
**849,058**|5,289
5,289
11,289
897,164
908,454
6,004
**902,449**
**907,738**
**907,738**
884,538
260
175
30
—
15,581
4,089
—
150
255
2,260
400
**907,738**|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
11 April 2024
Page 6
Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2023
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 2023
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**
-
6,909
247|**Other staff**
23,537
-
420|**Total 2023**
23,537
6,909
667|**_Vicar_**
_-_
_4,383_
_370_|**_Other staff_**
_8,171_
_8,675_
_4,241_|**_Total 2022_**
_8,171_
_13.058_
_4,611_|
|---|---|---|---|---|---|---|
|**TOTAL**|7,156|23,957|31,113|_4,753_|_21,087_|_25,840_|
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 2023 there were no additional payments to PCC Members.
Page 8
Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2023
Notes to the Financial Statements
## **3. Fixed Assets**
|**Gross Book Value**
At 1 January 2023
Additions
Disposals/Write-offs
At 31 December 2023
**Depreciation**
At 1 January 2023
Charge for the year
Disposals/Write-offs
At 31 December 2023
**Net Book Value**
**At 31 December 2023**
_At 1 January 2023_|8,132
487,158
(3,042)|
|---|---|
||492,248|
||2,843
2,535
(3,042)|
||2,336|
||**489,912**|
||_5,289_|
.
Fixed Assets comprise freehold property at 13 Invicta Close, purchased in May 2023 at an original cost of £437,500, together with costs of refurbishment of £48,158. These are not being depreciated on the basis that the residual value of the property will be maintained going forward given prevailing property prices.
Other fixed assets include a CCTV security system (cost £1,500 in 2023) which is depreciated by £300 per year over five years and an alarm system (cost £5,090 in 2022) which is depreciated by £1,018 per year over five years.
The previous CCTV hub, which had a net book value of £1,217 at 1 January 2023, suffered water damage during the year and was written-off.
## **4. Debtors**
|Gift Aid recoverable
Prepaid expenditure
Rent income receivable
**Total**|**2023**
**2022**
7,754
9,289
-
2,000
588
-|
|---|---|
||**8,342**
**11,289**|
Page 9
Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2023
Notes to the Financial Statements
## **5. Current assets**
Current assets comprise cash held in various bank accounts. An amount of £327,705 is currently held with the CCLA in the CBF Church of England Deposit Fund. The deposit rate as at 31 December 2023 was 5.40% A.E.R.
## **6. Liabilities**
|**Liabilities**||
|---|---|
|**_Amounts falling due within one year_**
Accounts Payable
Agency collections
**Total**|**2023**
**2022**
10,430
4,670
1,645
1,334|
||**12,075**
**6,004**|
Page 10
Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2023
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 2023
## Notes to the Financial Statements
|**8. Giving to mission societies, charities and others**
Bromley Evangelical
Bromley Foodbank
Church Mission Society
Church Pastoral Aid Society
Evangelical Alliance
Footsteps International
Friends of Rochester Cathedral
Mission Aviation Fellowship
Nsumbi Trust
St Christopher’s Hospice
Debt Advice
Welcare
Kintsugi Hope
Hope for Rehoboth
Anerley Ukraine Fund
MRIJO Kondoa Diocese, Tanzania
Friends of Marsabit
Turkey Earthquake Appeal
Transform Bromley
Spinnaker
**TOTAL GIVING**|**2023**
**2022**
25
25
1,000
1,000
500
2,500
1,000
1,000
120
-
1,000
1,000
20
-
750
750
2,000
2,000
1,500
1,000
500
-
2,500
2,500
1,200
960
2,000
2,000
218
-
1,500
1,500
1,000
-
500
-
500
-
2,000
100|
|---|---|
||**19,833**
**17,885**|
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 2023 these were for The Children’s Society (£1,226.42), CPAS (£305), Bromley Foodbank (£302.78) and Jerusalem and Middle East Church Association (£209.28).
Page 12
Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2023
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 2023
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 2023 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 18 April 2024
Page 14
## **Christ Church Chislehurst**
## **End of Year Financial Statements**
**Year ending 31 December 2023**
## **Christ Church, Chislehurst**
## **Statement of Financial Activities**
## **For the period from 01 January 2023 to 31 December 2023**
||**Unrestricted**|**Restricted**|**Total**|**Prior year**||
|---|---|---|---|---|---|
||**funds**|**funds**|**funds**|**total funds**||
|**_Incoming resources_**||||||
|Incoming resources from generated funds||||||
|Voluntary income|117,615|100|117,715|325,020||
|Activities for generating funds|34,946|—|34,946|26,587||
|Investment income|26,219|—|26,219|9,230||
|Incoming resources from charitable activities|7,088|—|7,088|2,772||
|Other incoming resources|13,208|—|13,208|2,908||
|**Total income**|**199,077**|**100**|**199,177**|**366,519**||
|**_Resources used_**||||||
|Cost of generating funds||||||
|Cost of generating voluntary income|329|—|329|1,724||
|Investment management costs|7,801|—|7,801|—||
|Charitable activities|226,836|511|227,347|173,992||
|Other resources used|22,379|—|22,379|7,519||
|**Total expenditure**|**257,346**|**511**|**257,857**|**183,237**||
|**Net income / (expenditure) resources before transfer**|**(58,268)**|**(411)**|**(58,680)**|**183,281**||
|||||||
|**_Transfers_**||||||
|Gross transfers between funds - in|8,754|956|9,710|16,247||
|Gross transfers between funds - out|(8,754)|(956)|(9,710)|(16,247)||
|**_Other recognised gains / losses_**||||||
|**Net movement in funds**|**(58,268)**|**(411)**|**(58,680)**|**183,281**||
|**_Reconciliation of funds_**||||||
|**Total funds brought forward**|**900,584**|**7,154**|**907,738**|**724,457**||
|**Total funds carried forward**|**842,316**|**6,742**|**849,058**|**907,738**||
|||||||
|**_Represented by_**||||||
|Unrestricted||||||
|General fund|826,077|—|826,077|884,538||
|Designated||||||
|Church Repair Fund|15,221|—|15,221|15,581||
|Holiday at Home|763|—|763|260||
|Ladies Events|42|—|42|175||
|MRIJO Fund|30|—|30|30||
|Mens Events|181|—|181|—||
|Restricted||||||
|Children's Fund|—|2,797|2,797|4,089||
|Children's Fund - New Mums Group|—|879|879|—||
|Clock Fund|—|150|150|150||
|Community Lunch|—|255|255|255||
|Families Children Youth (FCY) Fund|—|2,260|2,260|2,260||
|JRuthven Flowers|—|400|400|400||
|**Total funds**|**842,316**|**6,742**|**849,058**|**907,738**||
_**There may be minor discrepancies in the totals if the pence are not being shown**_
11 April 2024 Page 2
## **Christ Church, Chislehurst**
## **Analysis of income and expenditure Selected period: 01 January 2023 to 31 December 2023**
||||||**Total**||
|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**This year**||**Last year**|
|**Incoming resources**|||||||
|**_Incoming resources from generated funds_**|||||||
|0101 - Gift Aid - Bank|74,154|—|—|74,154||75,723|
|0210 - CAF/Stewardship giving|1,750|—|—|1,750||1,100|
|0301 - Loose plate collections|12,042|—|—|12,042||7,907|
|0501 - One-off Gift Aid gifts|7,496|—|—|7,496||9,860|
|0503 - one-off donations (non Gift Aid)|33|—|—|33||92|
|0550 - Donations appeals etc|—|—|—|—||25|
|0601 - Tax recoverable on Gift Aid|20,593|—|—|20,593||18,605|
|0701 - Legacies|—|—|—|—||204,792|
|0801 - Grants|—|—|—|—||5,249|
|0901 - Other funds generated|(3,761)|5,305|100|1,644||1,664|
|0910 - Fund raising events|22|—|—|22||221|
|1240 - CCCC lettings - non-church|34,923|—|—|34,923||26,366|
|1020 - Bank and building society|12,480|394|—|12,875||6,980|
|interest|||||||
|1030 - Rent from lands or buildings|13,344|—|—|13,344||2,250|
|**_Incoming resources from_**|173,080|5,700|100|178,880||360,838|
|**_generated funds Totals_**|||||||
|**_Incoming resources from charitable activities_**|||||||
|1101 - Fees for weddings|1,095|—|—|1,095||48|
|1105 - Fees for funerals|2,788|—|—|2,788||1,752|
|1106 - DBF Fees|(1,652)|—|—|(1,652)||(1,798)|
|1120 - U11, donations|3,937|—|—|3,937||2,562|
|1130 - U11 fees for activities|796|—|—|796||—|
|1210 - Bookstall sales|122|—|—|122||207|
|**_Incoming resources from_**|7,088|—|—|7,088||2,772|
|**_charitable activities Totals_**|||||||
|**_Other incoming resources_**|||||||
|1310 - Insurance claims|13,208|—|—|13,208||2,908|
|**_Other incoming resources Totals_**|13,208|—|—|13,208||2,908|
|**Incoming resources Grand**|193,377|5,700|100|199,177||366,519|
|**totals**|||||||
||||||||
|**Resources used**|||||||
|**_Cost of generating funds_**|||||||
|1710 - Bank Charges|329|—|—|329||254|
|1740 - Investment management costs|—|—|—|—||1,470|
|1918 - 13 Invicta Close expenses|671|—|—|671||—|
|1919 - 13 Invicta Close|7,130|—|—|7,130||—|
|Repairs/Maintenance|||||||
|**_Cost of generating funds Totals_**|8,130|—|—|8,130||1,724|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
11 April 2024 Page 3
||||||**Total**||
|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**This year**||**Last year**|
|**_Charitable activities_**|||||||
|1810 - Ministry parish share etc|71,016|—|—|71,016||70,391|
|1820 - Giving to missionary societies|7,115|—|—|7,115||(4,615)|
|1830 - Giving - relief and development|12,718|—|—|12,718||22,500|
|agencies|||||||
|1850 - Subscriptions|1,540|—|—|1,540||2,547|
|1903 - Working expenses of incumbent|247|—|—|247||370|
|1905 - Vicarage expenses|4,367|—|—|4,367||4,075|
|1907 - Vicarage repairs/maintenance|2,542|—|—|2,542||308|
|1931 - Families Ministry Employment|13,961|—|—|13,961||4,241|
|costs|||||||
|1933 - Families Ministry Working|143|—|—|143||—|
|expenses|||||||
|1935 - Families Ministry other expenses|276|—|—|276||—|
|1941 - Administrator Employment costs|9,575|—|—|9,575||7,502|
|1961 - Other Staff Employment costs|—|—|—|—||668|
|2110 - Sunday School expenses|680|—|—|680||61|
|2120 - U11 (free activities)|1,320|—|—|1,320||1,535|
|2130 - U11 (charged for activities)|950|—|—|950||—|
|2201 - Parish training|30|—|—|30||30|
|2203 - Prayer Ministry|—|—|—|—||70|
|2205 - Local outreach work|130|—|411|541||1,009|
|2207 - Alpha expenses|—|—|—|—||143|
|2208 - Worship Ministry|566|—|100|666||376|
|2210 - General Ministry Expenses|482|—|—|482||487|
|2220 - Catering expenses|823|—|—|823||497|
|2303 - Church office - Stationery|281|—|—|281||(23)|
|2305 - Church office - computers|60|—|—|60||—|
|2307 - Church office - copying/printing|676|—|—|676||739|
|2310 - Church office - telephone|1,343|—|—|1,343||1,387|
|2312 - Church Office - other expenses|2,080|—|—|2,080||1,211|
|2350 - Upkeep of churchyard|12,051|—|—|12,051||827|
|2405 - Church - insurance|7,623|—|—|7,623||7,154|
|2410 - Church running - gas|5,649|—|—|5,649||3,434|
|2415 - Church running - electric|2,990|—|—|2,990||1,785|
|2420 - Church running - water|—|—|—|—||241|
|2430 - Church maintenance|5,946|4,754|—|10,700||7,260|
|2435 - Church Cleaning|2,222|—|—|2,222||2,484|
|2440 - Church service expenses|593|—|—|593||378|
|2450 - Organ / piano tuning|604|—|—|604||198|
|2503 - Bookstall costs|171|—|—|171||75|
|2530 - CCCC - electricity|19,990|—|—|19,990||3,609|
|2540 - CCCC - gas|11,344|—|—|11,344||8,328|
|2560 - CCCC - maintenance|11,825|—|—|11,825||7,707|
|2570 - CCCC - water|752|—|—|752||394|
|2580 - CCCC - Cleaning|5,101|—|—|5,101||3,408|
|2590 - CCCC - other expenses|11|—|—|11||—|
|2801 - CCCC major repairs – structure|—|—|—|—||2,511|
|2840 - Flat expenses|888|—|—|888||3,168|
|2850 - Flat maintenance|1,386|—|—|1,386||5,507|
|**_Charitable activities Totals_**|222,081|4,754|511|227,347||173,992|
|**_Other resources used_**|||||||
|2315 - Professional, Legal and|19,844|—|—|19,844||5,893|
|associated costs|||||||
|2910 - Depreciation|1,318|—|—|1,318||1,626|
|2911 - Fixed asset write offs|1,216|—|—|1,216||—|
|**_Other resources used Totals_**|22,379|—|—|22,379||7,519|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
11 April 2024 Page 4
||||||**Total**||
|---|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**This year**||**Last year**|
||||||||
|**Resources used Grand totals**|252,591|4,754|511|257,857||183,237|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
11 April 2024 Page 5
## **Christ Church, Chislehurst**
## **Balance sheet (Summary) As at: 31 December 2023**
||**As at 31/12/2023**
**£**|**As at 31/12/2022**
**£**|
|---|---|---|
|**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 - Mens Events
Designated - Church Repair Fund
**Restricted**
Restricted - Children's Fund
Restricted - Children's Fund - New Mums Group
Restricted - Clock Fund
Restricted - Community Lunch
Restricted - Families Children Youth (FCY) Fund
Restricted - JRuthven Flowers
**Funds of the church**|489,912
489,912
8,342
362,879
371,221
12,075
**359,146**
**849,058**
**849,058**
826,077
763
42
30
181
15,221
2,797
879
150
255
2,260
400
**849,058**|5,289
5,289
11,289
897,164
908,454
6,004
**902,449**
**907,738**
**907,738**
884,538
260
175
30
—
15,581
4,089
—
150
255
2,260
400
**907,738**|
_**There may be minor discrepancies in the totals if the pence are not being shown**_
11 April 2024
Page 6
Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2023
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 2023
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**
-
6,909
247|**Other staff**
23,537
-
420|**Total 2023**
23,537
6,909
667|**_Vicar_**
_-_
_4,383_
_370_|**_Other staff_**
_8,171_
_8,675_
_4,241_|**_Total 2022_**
_8,171_
_13.058_
_4,611_|
|---|---|---|---|---|---|---|
|**TOTAL**|7,156|23,957|31,113|_4,753_|_21,087_|_25,840_|
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 2023 there were no additional payments to PCC Members.
Page 8
Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2023
Notes to the Financial Statements
## **3. Fixed Assets**
|**Gross Book Value**
At 1 January 2023
Additions
Disposals/Write-offs
At 31 December 2023
**Depreciation**
At 1 January 2023
Charge for the year
Disposals/Write-offs
At 31 December 2023
**Net Book Value**
**At 31 December 2023**
_At 1 January 2023_|8,132
487,158
(3,042)|
|---|---|
||492,248|
||2,843
2,535
(3,042)|
||2,336|
||**489,912**|
||_5,289_|
.
Fixed Assets comprise freehold property at 13 Invicta Close, purchased in May 2023 at an original cost of £437,500, together with costs of refurbishment of £48,158. These are not being depreciated on the basis that the residual value of the property will be maintained going forward given prevailing property prices.
Other fixed assets include a CCTV security system (cost £1,500 in 2023) which is depreciated by £300 per year over five years and an alarm system (cost £5,090 in 2022) which is depreciated by £1,018 per year over five years.
The previous CCTV hub, which had a net book value of £1,217 at 1 January 2023, suffered water damage during the year and was written-off.
## **4. Debtors**
|Gift Aid recoverable
Prepaid expenditure
Rent income receivable
**Total**|**2023**
**2022**
7,754
9,289
-
2,000
588
-|
|---|---|
||**8,342**
**11,289**|
Page 9
Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2023
Notes to the Financial Statements
## **5. Current assets**
Current assets comprise cash held in various bank accounts. An amount of £327,705 is currently held with the CCLA in the CBF Church of England Deposit Fund. The deposit rate as at 31 December 2023 was 5.40% A.E.R.
## **6. Liabilities**
|**Liabilities**||
|---|---|
|**_Amounts falling due within one year_**
Accounts Payable
Agency collections
**Total**|**2023**
**2022**
10,430
4,670
1,645
1,334|
||**12,075**
**6,004**|
Page 10
Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2023
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 2023
## Notes to the Financial Statements
|**8. Giving to mission societies, charities and others**
Bromley Evangelical
Bromley Foodbank
Church Mission Society
Church Pastoral Aid Society
Evangelical Alliance
Footsteps International
Friends of Rochester Cathedral
Mission Aviation Fellowship
Nsumbi Trust
St Christopher’s Hospice
Debt Advice
Welcare
Kintsugi Hope
Hope for Rehoboth
Anerley Ukraine Fund
MRIJO Kondoa Diocese, Tanzania
Friends of Marsabit
Turkey Earthquake Appeal
Transform Bromley
Spinnaker
**TOTAL GIVING**|**2023**
**2022**
25
25
1,000
1,000
500
2,500
1,000
1,000
120
-
1,000
1,000
20
-
750
750
2,000
2,000
1,500
1,000
500
-
2,500
2,500
1,200
960
2,000
2,000
218
-
1,500
1,500
1,000
-
500
-
500
-
2,000
100|
|---|---|
||**19,833**
**17,885**|
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 2023 these were for The Children’s Society (£1,226.42), CPAS (£305), Bromley Foodbank (£302.78) and Jerusalem and Middle East Church Association (£209.28).
Page 12
Parochial Church Council of Chislehurst Financial Statements for year ended 31 December 2023
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 2023
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 2023 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 18 April 2024
Page 14