**Charity registration number 1131265** 

# **PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WESTBOURNE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** 



## **PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WESTBOURNE** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

## **Trustees** 

Rev Nick Hiscocks Mr Tom Fentiman Mr Jared Auty Mrs Lucy Dobson Mrs Gwyneth Sully Mr Stewart Greaves Mr Nick May (Warden) Mr Russ Coxon Mr Nikos Yianni (Warden) (Appointed 10 July 2022) Mr Ben Clemson (Appointed 16 April 2023) Mrs Julie Harrison (Appointed 16 April 2023) 

**Charity number** 1131265 **Principal address** Christ Church Alumhurst Road Bournemouth BH4 8ER **Independent examiner** F J Wilde FCCA MBA DChA Warner Wilde 4 Marigold Drive Bisley Surrey GU24 9SF 



## **PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WESTBOURNE** 

## **CONTENTS** 

||**Page**|
|---|---|
|PCC Members' report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 14|





## **PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WESTBOURNE** 

## **PCC MEMBERS' REPORT** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

The Trustees present their  annual  report and financial statements for the year ended 31 December 2022. 

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the PCC's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) " (effective 1 January 2019 ). 

## **Objectives and activities** 

Christ Church Westbourne exists to know Jesus Christ and to make Jesus Christ known to  the glory of God. Using the Bible and prayer we seek to equip the whole church to speak of  Jesus Christ to others. Our activities include Sunday services each week midweek small  group Bible studies, one to one meetings, special events and other meetings to connect with  the local community. 

## **Public Benefit** 

The Trustees have  paid due regard to guidance issued by the Charity Commission in deciding what activities the PCC should undertake. The community of Westbourne benefit from our activities as we seek to engage traders, emergency services, the homeless and housing associations to build friendships with them. Our main public benefit is in being a Christian presence in the community and a place where people can understand the orthodox, Biblical message of Christianity. 

## **Achievements and performance** 

The measurement of people's knowing Jesus Christ is only occasionally measurable. Insofar  as it is, we see people coming to hear the Bible and then living their lives in service of Jesus  Christ and his gospel. That takes many forms including sacrificial service in church activities  and sacrificial financial giving. 

## **Financial review** 

The church have a council (the Parochial Church Council or PCC) which is responsible for  decision making with regards to our finances. The PCC will decide where to focus our  spending so that it best serves our objective expressed above. During the year the Church  received legacies amounting to £5,000 which had no restrictions placed on them. The  financial statements show a net loss on general funds for the year of £28,888. 

## **Reserves Policy** 

The Trustees wish to retain an amount of cash in readily-available funds to allow for  fluctuations in cash flow and have approved the policy statement below. The amount of  available cash reserves is reviewed by the Trustees on a regular basis.  The church will aim to retain unrestricted cash reserves at a level equivalent to three months worth of expenditure. The basis of calculation shall be one quarter of the total revenue  expenditure for the prior financial year. The church may deviate from this policy where there  is good cause. 

## **Plans for future periods** 

Our plans are to continue in knowing Christ and making Christ known but to do so in  greater  breadth and depth. The more we equip the church members to grow in  knowing Christ, the  more they will connect with the community effectively and the more  people we can help and  reach in the local area. 

## **Structure, governance and management** 

The PCC is registered with the Charity Commission under number 1131265 is established  under the Parochial Church Council powers measure (1956) as amended and Church representation  rules as amended by special resolution on 21st June 2010. 

- 1 - 



## **PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WESTBOURNE** 

## **PCC MEMBERS' REPORT  (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

The Trustees who served during the year  and up to the date of signature of the financial statements  were: Rev Nick Hiscocks Mr Tom Fentiman Mr Stephen Grundy (Resigned 16 April 2023) Mr Jared Auty Mrs Anne Harris (Resigned 16 January 2023) Mrs Lucy Dobson Mrs Gwyneth Sully Mr Stewart Greaves Mr Nick May (Warden) Mr Russ Coxon Ms Katie Benjamin (Resigned 24 April 2022) Mr Nikos Yianni (Warden) (Appointed 10 July 2022) Mr Ben Clemson (Appointed 16 April 2023) Mrs Julie Harrison (Appointed 16 April 2023) Mrs Ruth Edwards (Resigned 24 April 2022) 

The Trustees are elected members of the  Parochial Church Council (the PCC). The PCC are elected at an annual meeting each year and any  member of the Electoral Roll for Christ Church Westbourne may stand for election (proposed and  seconded by any other member of the electoral roll). 

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute  £ 1 in the event of a winding up. 

## **Trustees Responsibilities** 

The Trustees are responsible for the overall governance of the charity and support the  Vicar  in key strategic decisions. The Trustees are regularly briefed on the financial  position of the  charity and are responsible for ensuring the preparation of the annual  accounts and financial  statements in accordance with applicable law. The Trustees are  responsible for safeguarding  the assets of the charity and hence for taking reasonable steps for the prevention and  detection of fraud and other irregularities. The Trustees  have all received, or are currently undertaking, training in Safeguarding procedures in respect of Children and Vulnerable  Adults and approve the related policies and ,  procedures and the appointment of volunteer  personnel to oversee and operate the Safeguarding practices. 

## **Risk Policy** 

The Trustees consider risks to the operation of the charity on a regular basis,  including  strategic, financial and operational risks. There is an effective mechanism in  place for risks  to be escalated by the staff team to the Trustees for their  consideration. 

## **Risk Management** 

a) Reduction in income.  The charity receives gifts from a large number of givers and  so there is limited exposure should a small number of givers reduce or withdraw their giving. Legacy giving is reviewed  annually and the amount fluctuates from year to  year. Unrestricted cash reserves are held in  accordance with the Reserves Policy to allow for a short-term reduction in income. 

b) Increase in expenditure.  The charity owns and maintains an ageing building  portfolio and it is anticipated that some of  the properties will require remedial work  beyond routine maintenance in the next three years.  The Trustees anticipate  significant remedial work on the church building in the next few  years. 

c) Loss of key personnel.  The charity employs a number of staff who are trained, or are training, in Bible teaching and  pastoral ministry. The staff are able to transfer their  skills into areas of the charity's operation  outside of their own specialist area and would do so in the event of a loss of key personnel. 

- 2 - 



PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WESTBOURNE
PCC MEMBERS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Pay Pollcy for Key Management
The Trustees. with the eX￿p[lOn of the Vicar, give their time freely. The Vicar, along with all other staff, receive a
rfjmuneralion that is in accordance with the charity's pay policy and based upon Church of England guidelines.
The pay for the ministry staff lexcluding ministry Apprenlicesl inereases annually in aecordance with the policy
up lo a maximum limrt defined by Church of England salaries for the respective roles.
The PCC members, report was approved by the Board of Trustees.
Rev Nick Hiscocks
PCC membèr
Dale..

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WESTBOURNE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH
WESTBOURNE
I rgp¢yi to the Trustee5 on my exominalon of the financlal statements of Paro(*ial Church Cwn¢ll of Christ
Church W8stboume (the PCC) for the year endèd 31 Decembgr 2022.
R••ponslbllltl•• and ba•1• of r•port
As the Trustees of the PCC you are responsible for the preparallon of the finanaal statements in accordarKe
with tha requirements of the Chariues Ad 2011 (the 2011 A¢t).
I rewrt in r95PaCt of my examlnatlon of the PCC'S financial statements caNi8d out under section 145 of the 2011
A¢1. In carrylng out my examlnatlon I hava fdlowed all the applicable Diredbns g￿en by the Charlty Commlsslon
under section 14515llbl of the 2011 Act.
Independerrt oxamln•V• ststgm•ftt
Since the PCC'S gros8 Income exceeded £250,OtL) your oxamlner must t¢ a mamber of a body Ilsted in 8ertlon
145 of Ihe 2011 Act. I conflrm that l am qualifièd to undertake th6 examination bwuse l am a mfrmber of the
Assoclatlon of Chartered C8rtifled A¢countsnts, whlch Is one of the Ilsted bodlo9.
Your atténlon 18 drawn to the fact that the charlty has prepared financial sts18mnt8 In accordance wllh
Accountlng and Réportlng by ChaTltlès preparlng thelr acc*)unts In a¢¢ordance I￿1h tho Flnanc181 Reportlng
Standard appllcable in the UK and Repul￿1¢ of Iraland IFRS 1021 In preference to the Accountlng and Reporting
ty Charlues: Statgmonl of Recommendad Praclic* L8¥uod on l Awbl 2005 whkh Is reforied to In the extant
regulatlons bul has now beon wthdrawn.
understand that th18 ha8 been done In ovdor for flnanclal st8tom8nts to provth a true and falr vl¢w In
accordance wlth Generally Accepted Accountlng Pr8GY¢o 6ffedve for reportlng p8rfctyd8 beglnnlng on or after 1
January 2015.
I hovo ¢ompleled my examlnallon, l (x)nfirm that no matters have coma lo my attentbn In o)nnectlon the
examlnallon gSvlng ma cause to bellovo that In any materlal respect:
8ccounllng records were not kept In re6pe¢t of the PCC as requirod by 88Ctlon 130 of the 2011 ACL. or
tho Ilnandal statements do not accord wtth those r•cords'. or
thg flnanclal 8talements do not comply wlth the applicabl8 requlremenls conc8mlng the form and eonlent of
accounts set out In the Charfues (Accounts and Reports) Rggulations 2008 other than any requlrement that
the accounts glve a tru• and falr ￿eW Nthich is not a matter (yJn8ldorod 89 part of an Independent
examInatI￿.
I have no concerns and have come across no other m8tter8 In o)nnection with the examlnatlon lo which attention
should be drawn In thls report In ordèr to enable a propor under8tsndlng of the flnan¢lal statement5 to be
reached.
F J WSld• FCCA MBA DChA
Wam8r Wlkle
4 Marigold Drive
Blsley
Surrey
GU24 9SF
Loig
Dated: ..

## **PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WESTBOURNE** 

## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

|||**Unrestricted Unrestricted**|**Unrestricted Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2022**|**2021**|
||**Notes**|<br>**£**|**£**|
|**Income from:**||||
|Donations and legacies|**3**|295,198|352,515|
|Charitable activities|**4**|2,355|3,474|
|Investments|**5**|167|54|
|**Total income**||297,720|356,043|
|**Expenditure on:**||||
|Charitable activities|**6**|326,608|295,941|
|**Net (expenditure)/income for the year/**||||
|**Net movement in funds**||(28,888)|60,102|
|Fund balances at 1 January 2022||2,838,258|2,778,156|
|**Fund balances at 31 December 2022**||2,809,370|2,838,258|



The statement of financial activities includes all gains and losses recognised in the year. 

All income and expenditure derive from continuing activities. 

- 5 - 



PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WESTBOURNE
BALANCE SHEET
AS AT 31 DECEMBER 2022
2022
2021
Notes
Fixed assets
Tangible asse15
11
2,866,831
2,889,111
Current assets
Stocks
Debtors
Cash al bank and in hand
12
13
281
6.821
91,387
5,854
80,348
86,202
98.489
Creditors: amounts falling due withln
ono year
15
118,023}
115,5751
Net current assets
68,179
82.914
Total asset$ loss curront liabilitigs
2,935.010
2,972,025
Creditors: amounts falling due aftgr
more than one year
16
1125,6401
(133.767}
Net assets
2,809.370
2,838,258
Incomè funds
Unreslricled funds general
2,809.370
2,838,258
2,809,370
2,838,258
The finanaal statements were approved by the Trustees on
Rev Nick Hiscocks
Trustse

**PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WESTBOURNE** 

## **NOTES TO THE  FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

## **1 Accounting policies** 

## **Charity information** 

Parochial Church Council of Christ Church Westbourne is a Parochial Church Council (PCC) operating under the Parochial Church Council Powers Measure, the PCC is a registered charity in England and Wales. 

## **1.1 Accounting convention** 

The financial statements have been prepared in accordance with the PCC's governing document,  the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The PCC is a Public Benefit Entity as defined by FRS 102. 

The PCC has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. 

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. 

The  financial statements are prepared in sterling , which is the functional currency of the  PCC .  Monetary a mounts  in these financial statements are  rounded to the nearest £. 

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 

## **1.2 Going concern** 

At the time of approving the financial statements, the  Trustees have  a reasonable expectation that the PCC has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue  to adopt the going concern basis of accounting in preparing the financial statements. 

## **1.3 Charitable funds** 

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. 

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the PCC. 

## **1.4 Income** 

Income is recognised when the PCC is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. 

Cash donations are recognised on receipt. Other donations are recognised once the PCC has been notified of the donation, unless performance conditions require deferral of the amount.  Income tax recoverable in relation to donations received under  Gift Aid or  deeds of covenant is recognised at the time of the donation. 

- 7 - 



## **PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WESTBOURNE** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

## **1 Accounting policies** 

**(Continued)** 

Legacies are recognised on receipt or otherwise if the PCC has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 

## **1.5 Expenditure** 

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. 

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. 

## **1.6 Tangible fixed assets** 

Tangible fixed assets  are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. 

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: 

Freehold land and buildings 

Annual Impairment Review 

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities . 

## **1.7 Impairment of fixed assets** 

At each reporting end date, the  PCC  reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) . 

## **1.8 Stocks** 

Stocks are stated at the lower of cost and  estimated selling price less costs to complete and sell . Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the  stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. 

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution. 

## **1.9 Cash and cash equivalents** 

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 

- 8 - 



**PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WESTBOURNE** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

## **1 Accounting policies** 

## **(Continued)** 

## **1.10 Financial instruments** 

The  PCC has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 

Financial instruments are recognised in the  PCC 's  balance sheet  when the  PCC becomes party to the contractual provisions of the instrument. 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 

## _**Basic financial assets**_ 

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 

## _**Basic financial liabilities**_ 

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of  operations  from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 

## _**Derecognition of financial liabilities**_ 

Financial liabilities are derecognised when the  PCC ’s contractual obligations expire or are discharged or cancelled. 

## **1.11 Employee benefits** 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. 

Termination benefits are recognised immediately as an expense when the  PCC is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 

## **1.12 Retirement benefits** 

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 

- 9 - 



**PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WESTBOURNE** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

## **2 Critical accounting estimates and judgements** 

In the application of the PCC’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 

## **3 Donations and legacies** 

||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**general**|general|
||**2022**|2021|
||**£**|£|
|Donations and gifts|290,198|324,294|
|Legacies receivable|5,000|27,706|
|Job Retention Scheme|-|515|
||295,198|352,515|
|**Donations and gifts**|||
|Planned giving|83,328|75,113|
|Donations including tax recoverable|203,378|248,746|
|Outreach|3,492|435|
||290,198|324,294|



## **4 Charitable activities** 

|||**2022**|**2021**|
|---|---|---|---|
|||**£**|**£**|
|Sundry|income|2,355|3,474|



- 10 - 



## **PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WESTBOURNE** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

## **5 Investments** 

|||**Unrestricted**|Unrestricted|
|---|---|---|---|
|||**funds**|funds|
|||**general**|general|
|||**2022**|2021|
|||**£**|£|
||Interest receivable|167|54|
|**6**|**Charitable activities**|||
|||**2022**|<br>**2021**|
|||**£**|<br>**£**|
||Staff costs|138,671|<br>149,342|
||Depreciation and impairment|22,280|<br>-|
||Fabric and repairs|38,772|<br>30,488|
||Worship|3,470|<br>3,107|
||Mission support|47,531|<br>47,750|
||Adult groups|-|<br>2,949|
||Youth work|2,379|<br>1,895|
||Outreach and training|6,042|<br>1,889|
||Donations|-|<br>2,568|
||Staff team: rents and repairs|30,551|<br>24,737|
||Staff team: other housing costs|12,468|<br>15,537|
||Staff team: other expenses|3,072|<br>1,253|
||Book stall costs|1,214|<br>240|
|||306,450|<br>281,755|
||Share of support costs (see note 7)|11,062|<br>8,001|
||Share of governance costs (see note 7)|9,096|<br>6,185|
|||326,608|<br>295,941|



- 11 - 



## **PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WESTBOURNE** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

## **7 Support costs** 

|**Support**<br>**costs**<br>**Governance**<br>**costs**<br>**£**<br>**£**<br>Office costs and<br>administration<br>5,911<br>-<br>Bank charges<br>667<br>-<br>Other finance charges<br>4,484<br>-<br>Legal and professional<br>-<br>7,158<br>Independent examiner<br>-<br>1,938<br>11,062<br>9,096<br>Analysed between<br>Charitable activities<br>11,062<br>9,096|**2022**<br>**£**<br>5,911<br>667<br>4,484<br>7,158<br>1,938<br>20,158<br>20,158|Support<br>costs<br>Governance<br>costs<br>£<br>£<br>4,578<br>-<br>297<br>-<br>3,126<br>-<br>-<br>4,385<br>-<br>1,800<br>8,001<br>6,185<br>8,001<br>6,185|2021<br>£<br>4,578<br>297<br>3,126<br>4,385<br>1,800<br>14,186<br>14,186|
|---|---|---|---|



Governance costs includes payments to the  independent examiner of £ 1,938 (2021- £ 1,800 ). 

## **8 Trustees** 

Two PCC members received remuneration as detailed in note 17. 

One trustee also received reimbursement of £25 in personal expenses (2021: one trustee received £307). 

## **9 Employees** 

The average monthly number of employees during the year was: 

|**Employment costs**<br>Wages and salaries<br>Social security costs<br>Other pension costs|**2022**<br>**Number**<br>6<br>**2022**<br>**£**<br>115,203<br>4,910<br>18,558<br>138,671|**2021**<br>**Number**<br>6<br>**2021**<br>**£**<br>124,184<br>5,389<br>19,769<br>149,342|
|---|---|---|



There were no employees whose annual remuneration was more than £60,000. 

- 12 - 



## **PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WESTBOURNE** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

## **10 Impairments** 

Impairment tests have been carried out where appropriate and the following impairment losses have been recognised in profit or loss: 

|In respect of:<br>Property, plant and equipment<br>**Tangible fixed assets**<br>**Cost**<br>At 1 January 2022<br>At 31 December 2022<br>**Depreciation and impairment**<br>Impairment losses<br>At 31 December 2022<br>**Carrying amount**<br>At 31 December 2022<br>At 31 December 2021|**2022**<br>**2021**<br>**£**<br>**£**<br>22,280<br>-<br>**Freehold land and buildings**<br>**£**<br>2,889,111<br>2,889,111<br>22,280<br>22,280<br>2,866,831<br>2,889,111|
|---|---|



## **11 Tangible fixed assets** 

More information on the impairment arising in the  year is given in note 10. 

|**12**<br>**Stocks**<br>Finished goods and goods for resale<br>**13**<br>**Debtors**<br>**Amounts falling due within one year:**<br>Other debtors<br>Prepayments and accrued income|**2022**<br>**£**<br>-<br>**2022**<br>**£**<br>3,777<br>2,077<br>5,854|**2021**<br>**£**<br>281<br>**2021**<br>**£**<br>4,409<br>2,412<br>6,821|
|---|---|---|



- 13 - 



**PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WESTBOURNE** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ 

|**14**<br>**Loans and overdrafts**<br>**2022**<br>**£**<br>Bank loans<br>134,440<br>Payable within one year<br>8,800<br>Payable after one year<br>125,640<br>Amounts included above which fall due after five years:<br>Payable by instalments<br>81,940<br>The mortgage term is 240 months with interest payable quarterly at 2% over the base rate.<br>**15**<br>**Creditors: amounts falling due within one year**<br>**2022**<br>**Notes**<br>**£**<br>Bank loans<br>**14**<br>8,800<br>Other taxation and social security<br>-<br>Trade creditors<br>6,891<br>Accruals and deferred income<br>2,332<br>18,023<br>**16**<br>**Creditors: amounts falling due after more than one year**<br>**2022**<br>**Notes**<br>**£**<br>Bank loans<br>**14**<br>125,640|**2021**<br>**£**<br>143,636<br>9,869<br>133,767<br>84,767<br>**2021**<br>**£**<br>9,869<br>2,048<br>1,368<br>2,290<br>15,575<br>**2021**<br>**£**<br>133,767|
|---|---|



## **17 Related party transactions** 

Two PCC members employed by the charity received remuneration of £28,210 in the form of salary and pension contributions. 

This amount includes payments to Key Management Personnel (defined as the Vicar) of £25,430, which includes employers costs such as national insurance and pension contributions, but excludes the cost of providing housing. 

- 14 -