CHRIST CHURCH Southgate - Parochial Church Council of Christ Church Southgate Trustee Report and Financial Statements For the year end 31 December 2023 Charity Commission Registration Number 1131606
Contents Page Report of the Trustees Report of the Auditor5 Statement of Financial Activities io Statement of Financial P051tion li Notes to the Financial Statements 12-21
REPORT OF THE TRUSTEES for the year gnded 31 Dacember 2023 The Trustees have pka5uie in Presenting Ihwr report and the financial slalernenls of the Parochial Churth Council IPCCI for e year ended 31 December 2023. Iv PTeparing the fanal stalemenls. the Trustees have adopted Ihe provEion5 of Accounting Rep(Kting by Charities." Slatetnent of Rern[ended Practs"ce appSG4kle to Gharities prepaiing their accounts in accordanc8 wilh th8 Financkgl R8POrting Siandard aPphcab in th8 UK IFRS 102118ffecb.ve 1 January 20151. Statement of Tr(1008, r•spOlts11ltI•s The Trustees are responsible for preparing the Annu81 Report and the financial slalerrnts in acccdance wilh apable law and regula118. Th8 law applab to chari1 In England & Wales r8qutrÈs Ihe Iruste8s to prepare finandal staiem8ntG for finandal yaar in Bccordance wth United Kingdom Generalty Accepted Accounting Practice (Uniled Kingdom ACcountig Slandar(Is and appliGqbl8 lawl. The Trustees rnusl Th)t approv8 the financial sla18menls unle55 they are salisfied that th8y give a true and fair ew ol the state ol aftairs of tt)e charty and of incoming resources and appli¢8tion ol resources. incbJ¢'ng the incorne and expenéitur&, of the charity lor that peri¢. In preparing these financknl statements. Ihe Trustees are required lo.. al $8le¢l 8uft81)18 ac4ountlng polld8s arnl gppty thgm con5iSt8nty: bl obwrve Iha nthods and prinCipS in the CharitV85 SORP., cl mBk8 jUdgnnts and 8¢counting gstlmates that arg r085cThbl8 8nd pftJ¢J•nl'. dl stale wh81her Bpplicable UK Accounting snd&s have b$¢n fdk)wtrd. subject to any materl81 tlep8rtures di$dosed nd explalned In the flnan¢Kql $18t8ments. •) preparo thè finanelal statements on the g)Ing Ccern basis unl8ss 11 is inapproptote lo pr8wrn8 Ihat Ihè charfty wlll continue to oper&te. Th• Trust$ arè rfrsponsiblo for keepln9 8ufficlgnt acwUnTrg records that dlsclosa wth raSonab aceurncy at any time the fin8nci81 position of the charlty and enabb thm to ensure Ih81 the financial stat8m8nt5 comply with the Char1$ Ad 2011. the Charity IAccounts and Roport51 Regula0$ 2008 8nd the proYisk)n$ of the Irust daed. They are aL50 r85pon5iblv for sa18guarding the asset5 of the chorfty and hence for tskins rgasonable 51eps for the prevention and d8tscltsJn ol fraud and other Irr8gulèrlties. Almi and Purpos Christ ChUh Soulhgale PCC has the fesponsiblity of cty)Pgr8ting wth irtuft)enl. the Reverend Dr Chrichton Limbert, in promollng In Ihe ec¢SiastiCal parish the wholo mission of the Church, pastoral. evangelist. 8oeial and etsJm&nic•l. The PCC 15 8lso specbfic8ly r8spon5ibkn tor the Porf$h Centre (Church Hou58 and Walkw H8111, Flats 8 & 7 The Green and the house at 62 08kfield Rd, Southgat8. ObJ•¢iiv•• •nd •¢tlvltl•• Tho PCC Is Cornnrf9d to enabling as m8ny people as possiue lo worship at our church by bping open. welcoming 8nd inclusive to 811. We 8irn tts be a beacon of God's lov8 In tho £yjmrt1ty', lo offer Ilfe4ong loving care end support lo sll. to drnw thèm closer lo (>)d,' to In¥pir? prayer and woryJhip thugkn Ihe beauty of nature, 8rL musl¢ and liturgy. When planning our activrties for the year, we have Considered the Comrni58ion's guidante on publlc beneflt and, In particular, the 5uppbmentary guidance on tharib.es for the 1vanCement of relvJion. In particular, we lry to enable all people lo live out thelr falth 89 Part of our parish eommunlty Ihrougn.. Worshlp. prayr and $8craments; learning about the Gosp81- and deepèning Ihèlr personal relatlonshsp with God. Provislon of pastoral Ca for people ts.ving in Ihe pari¥h. Mission and OUtch work. To f8¢ili18te Ihi> Wts, it ts important that W8 maK)18in the labric of Christ Churth. the Parish Centre sile and other properties. Aehi•v•m•nts and performane• The church has been characterisad in 2023 by a conscAidalicm and nIle growth ol alielanCe. The huge in¢re8ses seen in 2022 have been maintained a5 has Ihe number of S¢X)I vists and th8 use of the b¢Jilding lor music, art and heritagp. vthich has greatty Invdved the wNler community. Worshi During Lent we used an 0Th4ine weekly prayer sess led by a drflÈrenl Bishop in LondDn which were w81kattend¢d. Ea$t8r and Holy Week w8r8 fully Gelebr2ted wth our14r9e. Ènihusiaslic choir and singing. The lolal Easter allendanGe had doubled in 2022 compared to 2021 Iincreasing trom 161 to 3161 aDO that lèvel he up well Nith 307 attending over Easter. We were ab lo provide services for Ihe comrnunity at pwol81 tirrEs of Iheir lives, ano have perfonDed 3 mamag88, welcomed 9 peoplè into the Christian Faith through baptism ctsnduc 13 funerals- In both church and crematorium.
At tirnes of national cebebrat•)n, Christ Churth pkayed ts ful part wth speaal Serv gatden party) for the Coronation of "ng Charfes111 in May. th¢e again. the Vi(ar. Rev'd Dt ChtKht(m LiYHL led the 5ewvw 00Mfield Pwk and in crCh. %ith unifonYd organraalicS in atTrttance. A highlight in Jurn was the ordinalion 8t St Par185 New Chvrth of ow $8if-SUFvrxting cuTrte Fr Paul Emerby as leSt. The followng in Juty our ordw)and Claire Betts vtas ordained as Cknacon fft St Pad's Calhedral before staitiTrJ her Cura¢y at Bush Him Park. Ouf oth8r orfinaryj. Anna Hughes. crje$ her sludE$ ai St Auw5br's Cthge. Christmas 223 at Chwist ch was ioyhA. Thg nurnbws an irrw)bwnI huge ijmp of thg wov?us year and continue hher Iltan wfrpanderric els. The overnl attendae fiwre to 654 from 626. During Advent knitted ciib fyures Ihat makè T¥ng Crib nl on th 1 hLw-t¢$e N)um•y 8roJnd tha parish. However. Ihi5 was backed up wth rrEtha tK)stsng ot Mary. Joseph anLI donkey on a trail try rwivJ Ron - ch Ihey on the Vl¢ar In (ktctsr. Our dlgilal fwtprint conunued to Irth this year. Cxjr sul)sryl)er5 to X {Twittail. Insla9ram aTrd our %kty 9rn8fl have genljy Increased. 7he M8ggzkno has In re•Jwship 88 8 bi4)nIhIY wbicath)n for purchaws bn thur¢h. W• have conlnu8d io wekome the (mnnIty inlo tha church Bs much as SsIb. Once again. w8 1¥)5t8d th8 bcal ABRSM music ex8ms in Ihe Chh using gwd piano. The ar1C ffj the d)wd). as as Iho ill5lwmt itstrm. was well received by C?ndaleS and exarrinws ft¥ the 16 day5 alexam5. They ar• ah•aty i•d into 2024. We hosted a number ol tours. wlh ¥i5its fr th& Enfwld Sou"ety. The Friends ol Wili8m hAorrB Gakry and the P8lm8rs Gre8n U3A. Tho Vicar atso 9av• a ts1¢ to Ihe Wwg Pr$ cbjb OTh the Slawd &lass in the church. The chLth has r8maln•d open to vbitors tsvo days 8 ¥4•k. IIK8 lms[Ot0r was in the olke. Sl Paul's New SoutWt8 uwj buldltvj fly o PCC W and sw day. We held gardenlng rnomkng8 In the thurthyanj 6 9. altrKled tse[B from the crywegakn and lh8 vld•r Community. A roery project has been CyjnvtBd arxj a ld1et designat&l near Ihe bee hivos in the garden tehind the church. Tho tes prtyJu(d a burn1 uop ol how was 5LJ lo provKJe frJrKls J ma¥itain the kotrpin9. The annual Vrcar5 Harvest IrZ rapidty sokj lo a COl nuftknr ofchurth and ¢ommunty teams Itncknding on8 frorn lh• local un(knrtokgr¥l and r8i%8d well ¢Mr £1( for the RNLI al the Mgrthont Novy Fund Ithe Seamans Charftyl. We hekl antllgd 8 Memorlal 8•r• fry fja uTrJertakern' fml. The Chdst Churth A8sociglw ICCAI bar a1d thryMul th• rar1 drinks in thufch cffl severpl s101 OCe840Th8. Th¢ tholr h95 been 8ble lo have a fijl of tr)urs vbils r. $lr¥Jkng tho seryices for a week 81 Truro Cathedral and a weekeTrJ at HeforTj Cthedff8L Th¢ ctK•lrw8$ gThY Gemwn TV Jinging special anth8rn ts lh8 Ccrnty¢m. The juni¢x eholr has teen ft¥intgkn6d, with 04w 20 re9Jlar rn8nthrs. w8S 8 m8ior c0th.i101 to tAKsh¥•. Indj1 services with the junkx ehotr Cty. TW knduOe¢ in thg tity to TNro aThJ aThJ rrrr•)ratle expenenc¢s. The provL%bn kn ryji Chldren'$ Comer to expand. bjih n Ik¢x sp•ce. and tx)oks and equlprrtnL It was in use by lamllles every Sundw momknq a¥ as rtgularfy wd and apwedaw ty vtslloTr the Our work our l¢xal rn-fatth Sca)15 as we wekoNd year wps for CUrrKUrn se95bJn5 as weH as for Easter, End ol Summer Tem). Haryest WKI Chrislrnas servts5. Thi% tAs dtrecty contribut1 to the faGI ¢hal Wr'normal sèrvice" weekly aiieTrJ8rKe fwre lor chthjren has tase frcln 10 in 2022 lo 15 in 2023. Older Pe OUT mtsnthty servths in our pansh care hcffies rx)ntWlU8d thQknt the year. DdivefiwJ communi)n lo the Iwsebwnd wa5 fully re•esiablished. The bwAeekly hn9 See9 also conbnued th1 the year. CXJr weekty café on a Friday rrnmiThJ as part of th& Tlaces (d Wekome" stheffle has takÈn r¢ al year. Three 1[thr5 oftr alt•)ded a courB8 kn become xueO*ed Mental F¥sl-AwJers. Nurture A bi-weekly Bible Study, by an LLM. has conlwiu&l to w. The Vi¢ar is the Creation Care b8ad lor Ihe EdryKN)lon Dwese aTh1 has SF<4Éen at Ihe Enfie Clirnale A¢lKM) Forum at an evening f8ilh se55wJn and an hf(mts"on Hub Day at the Palmews l>een Moswe. a chufch we continLE to work towards our E£(Churth award.
Plan5 have rmved on a llle lo offer, vi8 a major buing proptl a(tessitAbty lo lolet faclitEs. caluing p¥OlOn. as 11 as ntrw p8Stor¥ aThJ Spa5. IxAlhe ecoKMTK urKertaty Ihat tlw are sl# on hobj. FoUn¢yab)$ The high Ve1 ofuptske Parish Sthen th)rtN)ued n 207J. Investigation WO final planning was coru Ihe Lqrg8 shiR In charKel ficK)r Ihe was pul out to lender. Thg quotgs Ihat were receiv re too h• lo ItIfy. so in 2024 th• tth Wil bts rnpled and 51thilsed 85 requirod and Ihe choir sto115 levelled up. Tha VeStigatio have thjt it 15 lh tsre %4il be lurfhw major m0venl in tha lulure. Flnon¢lal revlew The Sment ol FinancHI ActivlJ8s ISOFAI is attached to this rep)rL Totsl Wds £286.fj4312022". £259.47018 expenditufy £270.52812022.. £285.0291 gNing a bjtal op•ratiThJ Surp1%. I09 gains atKd losses of£840.92712022..1oss of £3.8461. After takiThJ into account the nel Vestm8n1 gains the 1041 fvtwts £4.192.63312022.. £3.351,7061 of which £333.90412022.. £359.3711 K8 for re$tn¢knJ R•sgrv95 pdlcy The PCC r8gularfy reviews its Reserve5 Poky. The p(4v k8 to mainlain a balarte cn Iree Unrestrl9d funds of Ihrpe rnonthg unre81ricted &xpendlture. kn athJFtional sum 01 £15.OCQ be bek5 lo co¥ any 8Trwnq YJrk ¢)n Its buihYing$. Reserves are helj in fun¢ts that gJp(xl the the Churth of En15 Ethvl In1nioSOry Grw. Golng Conrorn The Twst80s ¢onslder that thgt the CINJrth Iws •J8We resources bj m8et ts future11gtylitw ts the f¢SetIO fuwre and for IhL8 rea$¢)n ¢¢tinue to adopt 1he'gow. concem ba5 in Fryarin9 the finan(a81 ststenwts. Voluntwrl 11 Enylo>ws The work OIChr1 Churth Soutyte not bg rA)ssbkn oflhe many %y>Jnt8•rs contit)ut• thelr tim. •rryy. ewrience aryj bj communty. ClwlFt gr4)yo t4w $1off mombors in 2023.. th Dlrecior of Muslc ond a port Om8 Adminlstr8tor. SlruGlur•b s0m•• •nd manag•Thnt Members of PCC a either exwollb)o ar ebecd at tr Annu81 Pafochwl Chwrh m••tr IAPCMI in ?wJrd0r ith the Church Repsen18tH)n Rulos. PCC rnrthrs aTr rospor6ib for makkng d8cisy on al rnatters of99nl Conc and Importance to Ihe p81i5h inchjjing decidtng on how funds ol Ihe PCC are to be spent. The fvll PCC rrt slx tknws rfftg r. The fln•ncè st8Nling commltt•• IFSCI. Ih8 orly CLrnitlee cl Ihe Ffc requlred by law. mol 8$ rewlreo durfng the yeor. The FSC e8rrt8S Out Ihe busin ol ts PCC meetings svbpcl to fv d¥¢¢t)ns Coun. hAembers of the FSC are the IkKumbent. Chvrchwardens. T¥surel ond ekL1ed ftrrkns ofth8 PCC Given the ol its res91L1tie$, thg Ffc 0 hos ¥ wmber ofottr Q>Twr¥W. eath fo¢xJsknq cffi • speofic aspect of padsh Ilfe. These ¢ommrt¢ees are al re¥th¥L49 to the PCC, wllh repts r¢ceW and dLussed by the PCC as necssary. K•y manag•m•nt p•r•onn•l Key management personnel are the nojmbent. Chuwchwardens and Treasurtr. They are re¥•Jnstk8 lor delNery of the rnission xtion &thn. rnonrtoring of Ihe budwt. m8intawr£ ol the 18bric aTrJ day-tdY running of Ihe thurch. Reference and AdmFni8trative lnfomwtrt Nam• )f Charlty The PC¢ ofthè Ptsh of ChriBI Churth, Southgatè Charrty fegistration numb•r 1131606 Principal addr•ss 1 The Green &)ulhgate Lona N14 7£G Bank Bardays Bank PLC 214 Akjemans Hill Lon¢1tx N134PH
Auditors Anthony Croft Ezekid Ltd 343 City Ro&J Lonth)n EC1V1LR Trustees During Ihe year. th8 lollowing seryed as olthe PCC R8V8rend Or Chrichton Limbgrt Reverend Hazel Miall Roverend pa Elterby Clare BotOn Chawman As5i5tant Ftsst Curate Churen Chwl and Tw>Jr lurtd May 20231 Treasurw Ifrcffi) IAay 20231 ChuTdwariJen Iwice chatroM 20231 Churthwarden lfrom May 20231 Depuly Churchar Deputy thurchwafd Lay Readw Licensed Lay Mini8tOT Lay Rgad8r Licensed Lay Ministèr lunld May 20231 {from May 20231 Kale Carroll Graham Cook Ronald Lo Pairicia Ashby Jackie Ander50n Sandr8 Anderson C8thy Dauman Amy Li Tracy Aln Freya Carrdl Imogen Cooper Pal 81n$ Chnstopkr Hov+el John Macrory Hllary Meur Angela Paer B8V8rfey RuI8dya Gln8 Stone Cliv8 wood1K$0 Ilrom May 20231 {untll Klay 20231 {until M8y 20231 Approved by thg 8oord ol TNst88s sYd on it5 bBh8V try Revd Dr Chrfchton Umb•rt Dat• 23 Ayll 2024
Independent audltw's r•port to tho Irust¢•s Of CHRIST CHURCH SOUTHGATE PCC for th• yoar •nd•d 31 DeC•Mr 2023 Oplnlo We have &wlit8d the financial 5t8tements ofchtst Chutth StyJltKJate PCC for ts yeaf endeo 31 Decenkner 2023. as Set out on pages 10 10 21. whith cornprise Statemeni of FinaThl Acbmbes. aThJ Ihe $tern1 of Finwcial Po$ilion and th8 reLgted Ml8s lo Ihe thanC1 sIalerTls. indud¥¥J a summary of siwifi£ant aEcounling p(4ts. our opinitx. th8 xcompanying finanoal sl8t8ments of the chanty are kwepared. in al rrwlwal respect& accorda6 wlh charily applKabk wlhn the jurisdKtion of & Wales , in part[. Ihe a¢¢ounl$ l)8 been prepar1 In ac(x)rdan¢8 FRS 102 SORP ISla18menl ol Recon¥rnded PractKe for Accounting 8nd Reporting by Charitiesl 2015. {The SORPI, put4ish•J by the ChBrity Comrriswon in Enand & Wale5 ICCEWI. under the hi$loricèl co$t wnven1ty. and in xcordaru wth the accwntin9 Sel out on pa9e 12. which fr8rn8wo¥k ccfislttuies tho applKabl¥ lthited n¥jOrn G•nornly Acc•pt•d kc4xwlng Practk•. U•• of our roport Thia rerK)rt15 made sOty to the elwfws tW6t0•8. as a ixxty. In Part 4 of ts chart6 Iko)unts an¢J Reptsnsl RegulaiL)ns 2008. (r audrt work been unéertaken so Ihat rnyhl stsfe to the charty's tw$$ those rnatters w8 are required tr) slato to them in an 8txlitS and for no other purpose. To Ihe fvlle518Xtenl pemiitted by LAW. we do not 8ssurrn sSlity to anyone than tt chanty and the th8rlty's tnJst8es 85 a body. kn our •Itt r•pyt, (K fry th& fcrfThd. Ba•1¥ for ow OnIon We have been 8ppo4nted auditows un¢Jer 8•clkffi 144121 of The Cthawlles 2011 rnport in •toNdancè regulations made under SectN 154 of that A¢1. W? conduct8d our audr( in aC¢fdan(t vAth Intem811 &¥ndards on Audthng IISAS-UKI, Issued by the Flnanclol Reporting Councd. and applicab law. CJr respcnsINeS unLler those SI¥S are fijrther d8scrlW in the Auditors, Responsibiblio5 for the Auth'l of Ihe F$nc91 StateffEnls section of wr pOIL We a iThJeFendent ol the ch8rty in 8Cwrdee with the ethic81 wlreffents trot erg vant to 8utht ofthtr fin8fiewI st8terfwts In England & W95. we have hJffilod other ethrgl respJn5ibiblie5 in aCcordoN Twith these winnts. We bel8 thal the audil •¥Klenco hw8 oblaThd is SuffnI ONJ tr> proyth a bass for ow opinion. R•8pon•lbllltl•s of Trusl•es and Th¢p•• Ch•rg•d wlth Go¥•rnanc• lor th• Fln•n¢lal Stt•m•rrt• AS descrbed on page 2 bj 5. you. Ihe chS TTustses, are res fr tr Prarat of the fmancial st81ements In acc4)rdance with the charit$ kt 2011 and aHother aFph'&rt)le arKI Mlh Unrted lQnoJom Generalty Accopted ACCWntg Pradce. 8PF&catde In smaler ¢niJiks. and tÉkng salsfied Ihat the Ilnan¢kg1 Statements give a true and lair vw. The Twste8s, arè drged with 9)¥8m. ar• reswible for rNern8eww the dwrity's fw)8wal rtIng manag8nI is fe$pe of Ihe ffin•icd slaterrmls in with chanly Lqw of11 jurisdiction of & Wale$ and lor such ThIr01 as manawEnt delermines is necessary to enablE Ihe pparal of financo151ateffnts Ihat are frEe ITDM mateiial rrmsstalemenl. whether due to fvaud or eOr. I preparing the financ statemen15. mana9ement 15 r8551b1È ftm assessiThJ the thanty's abty to rmtinue as going ¢ontem. dtsctsing, 85 awlic. rnatter5 related to rx)nrAm and u5iTrJ it concern bas15 of accounting urless rnarwgemÈnl either innd5 10 lirwKlate the chaFity or to ¢ea8e operatM. or ha5 rtj rtalisl altemative but to do so.
Auditorfs R•$wJnsibililie5 lor tho AAll of the Financial SlateThnts Cknr obje¢tnfes to obtsin reosonaE as5urBncE atrwt thether Ihe stalemenls8s a thle are free from rnalenal misslalernenl, whether due to fraud or error. and lo issue an audrtors report that incbjdes our opinim. Reasonable assuran is a high e1 of assurance. t[ not a guarwrtee that an audh CdEIe in accOrdae with ISAS-UK will ahydys d8t8cI a malerHI rni5stslerrent then it e$t& Misstatements can arise fTom fraud or error and are cons¥Jered Mater if. indThf1duaY o¥ In Ihe awe9aie. they co4 reasonably bg ¥Ap1j influence th8 eCLyrnIC decis)ns of LWS laken on the tosis of th8se fiftC# statements. In carying oul an audit in ac0Ythn with ISAS-UK the audttorex8rLy5e5 wofessbjnal aTrJ maintans professi $p(i$M throufvl a)(. Our $[K)n$t)Ity is lo 8thJit and express an opinp)n f8181 ststenvts in a(tsydance wmh reknani kgal ènd regulatory requirements and ISAs.UL Tkwjse slandards rewwe us lo rxryly the srandards f Auditors publish by the Financd R¢wting Counryl and to.'- Id8ntfy and ass885 Ihe ri5k5 of matefial ffusstatemnt of the financ4al 5tatem8nts. fiether due to or error. to deSn and perform audit predureS resp1 to those ii5ks arwj to obtsin audrt ev1ence Ihat is suffi¢nt and apwopriaie 10 wovK1e a basis for wr 1n1". To oblaln an underswdkn9 of inmal ¢tr io tr aLJrt in tyderto aLwJit W0deS that are approprote for Circurrthfi but forthe pwrKJse ot ex¥KewtvJ an OPinKJn tsf Ihe effecknfwe55 oftt charity's internal coTrtrol., To evaluate Ihe apprCyriate$s ot accounting used and the reas(xpbkness ofaccounting esbmates and lated d6closuos made by the tharity." To conclTyJe on the apprOPtenesS of chartws Le of g¥Jing conLEm basis of acCntry and. based on the audit Èvidesxe Obtai5, ¥thether a mèterial urtert2inty Lyists related to ents or ¢orK1itKm5 Ihai may cast siwiftt (hxjbt on the thantys atmhy ) ¢xmtiue 0$ a wj a)rrtxrr( To evalu8t8 Ihe overall pfesentatrjn. sththre crmtent ofthe finaroal ststsments. the disck)sures, and whelher the finanaal Slaten rewesent the wMlety"n9 lJaffjadw)ns arnl events in a manner that a fair wesentation. W¢ afe requirEd to r8kV)rt to thg TFuses rOp1 as to Yhthether thetroncial statem8nts gNe a true 8t)J f8 ew and have been propety pwared in aCIrjance wrth Unrted Wom Gener• fv£cepted A¢uxmtty19 Practice and IhÈ Chartties (ACCOlS and Rerts) Rewlatth$ 2008. We are a150 requtred lo report to you rf, n ourwn•Jn. Twstees. Annua Report 15 materiafy irowstent the finanoal statements. rf ¢he rkniity has not kept adequate a¢o)unkng recxyds. rf thartys ffian(#al statements are not in agreement wth the accounb'ng records and relum5. or rf haNE not receiv&J all the information and explanan$ we rewire tyjr aLIit. or * inf0nna1i by law regardng Trustee5' remuneration and transathons with Ihe 15 not disdosed. In addition, we read all the financHI and TrJn-financki1 infLYrnation in Tw5tees' AMmJal Repyt b) idenbfy rnaterial InconsistencEs with the audited ststefflents to hylty any iifomwiK>n lhat k app•fiUY malenalty inrrect based on. oi malerialy IrOrstent Mth. Ihe knoledge acW1 ty u5 in the cOue of perfom)in9 thÈ audiL If we become aware ofany appareni fflaierBI mi5stslernents or nconsistencE5 we o)nswJer the impli(2tions lor repo We are required to and rfrffrn ouraudit so as tr) meet Ihe abo¥e reQrets aThJ to obtai) al the ififoirnalion and cxplanatK>ns whth we nSle{ neSSary in order to prowde US sufflent e¥enCe kn give reascfiabk a5surdnce that the fjr4antial $taLemenL8 are from materd mSleMenL whelher (xused by fraud or ollkr irregLdarity (K err. In the course ol audrt. we (ffmuni(2te wth Ihose chaw with 9)vernance regarfing. arnong other mattws. the planned scope and tming of the lt an(1 $int avflit fvMIYbg5. indudty any swrfAni deI{eS in intemal ntr that we dn9 the authL
A5Si51ance with accountancy and tax rnatter5 In afxordan wth th& ex0mpln provided by APB Elhical Siandard - PrOVk8)n8 Avadabb lor Small•r Enlili•s, we h8ve a58i%t8d with the preparation ofth& attounts. Ellglbllity of auditor and status of audit We confirrn Ihat we are elfgible under section 144121 ol th8 Gharitses Act 2011 to conduct this audit. and that this report Is a report ill [p¥pt of an audrt Garried oul Urer Ih& Act and in 8¢cgrdance ilh I rdated re9ulatLons. Attenlion is drabvn to the aCcoUntg piCY stating that. noTh1h$lanln9 the explicrt requirement in Ihe exiani siaiutory regulalioThs. the Charities IAc¢ounts and Report51 Regulations 2008. to prepa the finanual slalem8nts in a¢¢Ordan the SORP 2005. The Trusletrs have prepared the flnancial slalements In a¢wrdonce with the FRS 102 SORP Isiaiemenl of R8cornm8nded Pr8clke for Ac¢tyJniing ReFyJrlin9 by Chan8$}2015. (The SORPI. We concur 4th Ihls appaCh. and 8ny r8f8rence8 in our report to Ihe regulalions shwld be read subl8cl lo this comnI. Oplnlon on th• Fln•nGl•l Stat•monts In 4order1¢e I1h Regulatkjns 25lgl 4nd Ihl of the Charlties (Aecounts and R¢portsl Reg(tlalons 2008, in our opini¢)n the charity'5 financk91 stslements". Glv¢ a tr and f8ir of the state of 8ff8iTS of the ch8rty as at 31 Dec8mbgr 2023 and of tts Incorne and Expendilurg for the financlal year then ended and. in p8rticu18r. the financial 51aternents have been properfy prepared, in 811 material reswts, in aecordance wth Unitsd Kingdom Generamy A¢¢epled Accounling Pracli¢• applicab to gnttties of fts 8YLg anil hav8 bg8n properfy pr?pared In accordarKe thlth the requiremenls of the Charit185 Act 2011.. ano havtr been prepar9d in arKordance the m8thod¥ and prknclps reoulrad by FRS102 stolent of Recommonded Practs"ce frjr A¢countlng and Rewting Issu8d by the Ch8rity CornnNssion In England & W8188 ICCEWI, effective J8nuary 2015 (The SORPI. and those m¥lhod$ and principles have befjn followed, $ubj?¢l to the follong..- Concluslon• r•latlng to golng conc•rn In auditing th& fin8nclal stslern•nt5. we have LvnckJdoLI that lh8 Irustee$' use ol th• golng concem b8s1$ of 8¢¢ountlng in the prepar8ik)n of the In8nclal 8tatementS L$ 4ppropnBIe. B8sed on thp wowk we have performed. we have n¢t entIfied any m8lefig1 YertaInleS Lting to events or conditions th81. Indiv141 or colkctNety, m8y C8St 5ignrficanl doubl the ¢h8rity's ability to wnlk)ug 8S 8 goin9 concern for o perW of ot18a5t Nvelve Th?nths from Ihe finan¢lo1 $taletYnts are authorfsed lor Issuè Our responsibllilb$ and the respon$lblltles olthe trUSte8s1th wpe¢tto ing concern are (lescrfbod In ihe rel8van¢ sections of thls report.
Platters Yhich we art rwulred ltr reptyt by exc•pts'on We hav8 nothing to report in rÈÈp8ciol the l(kning matters Tkne Ihe requirn5 U5 lo rvpcrt to you, IF fft our opinKn.' thé inlomwtion given in Ihe Trvsteos. Annual R•pNI 15 I[n51t With tho financ4al stAlèmènts in any rnaterial restct.' or th8 charity has not kept 4eou8t• •XlnI"l] roccrfd5'. or the finawl StrtemlS arn 8ftnI th tho accounting recLwds aTrJ r•lwns', or if inforn)alion spwfled by k8w re9ardRw TnJsts05 rernurornlbm aTrJ Iran¥ath)ns 4th tho charity 15 rK)t ¢Jisclosed. we ha not Ned iiformik*n •%J •xpknnaliJns l¢Y wr audrt. Aniho roft Audrtors ACCAI St?d Aud. 343, City Rood L EC1V 1LR 24" 4)rt12024 Anihony Croft Ez8kig1 Ltd Ofo o11gibl• ts 8PPObnlm8nt as ¥udrtor olth• eharrty by virtuo of M ellgibllty l¢x •ppoinlment as 8uditor ol • cornp&ny under sectk)n 1212 01 Ihg CompanN85 Act 2006 noon
CHRIST CHURCH SOUTHGATE PCC Statement of Financial Activities For the year ended 31 December 2023 No¢•$ Unrestrlrtèd Restrlcted funds 2023 2022 InGomg and ondowrn#nts from.. Oonalion5 and leg8cies Charitable act1118$ Invesirnents Oiher Income 35.096 169.263 13.997 54.075 9,553 4.303 356 44,649 173.568 14,353 54.075 12.492 181.292 13.774 51,912 Total 272.431 14212 266.643 259.470 ExpendltLbro on: Ch8ri18ble aclivi1198 Other expendlture Tot•1 1227.2941 12,4351 1229.7291 140.7991 1268,0931 1274.0171 12.4351 1270.5281 1285.0291 140.7991 Net gsln¥lllo$se81 on Invg8tmenl¥ 41,971 1,120 43,091 161,1081 Tran¥hrn bplwwn lund8 Othor r•¢ognl••d 9aIn•ll¥•4 Galnslllosse51 on r¢¥alu8lon ol fixed as$et$ and dlsposal ol Depre¢iallon 781.721 781.721 82.821 N•t mtsvemDnt In lund• 866,394 125,4671 840,927 13,8461 R•Gon¢lll•tlon of fund8 Total funds brought fowword 2.992.335 359,371 3,351,708 3,355.552 Total fund• c•rrlgd forward 3,858.729 333.904 4.192,633 3.351,706 10
CHRIST CHURCH SOUTHGATE PCC Statement of Finanual Position As at 31 December 2023 2023 2022 Flxed ass•ts Tan9ible assets Investments 11 1.706.141 2,001.094 1.582.692 1,300.742 113114 3.707.235 2.883,434 Current a••gts Oeblors 15 1,789 489.917 1,550 472.957 Cash al bank and In hand 491,708 474.507 Cr•dlt+y: •mounts f•lllno Tllhln y••r 18 16.3081 16.2351 Not Curront a%¥•t• 485.398 468.272 Totsl as••ts l•a ¢urr•nt lknbllths 4.068.1n 3.351.706 Ngt a¥¥•ts 4.192.633 3.351.706 Th• funds of thg charlty Reslrict8d incotne fund5 17118 333,904 3.357.635 359.371 UnrOSlrfctod Sncome lunds En<Jowm$nt-Permanent Ren(ted Endowment-Permanenl Unrestitcted Endowmenl-NonvP¢mianent UnweslrKt8d Endowrn8nl-NonwPerm8n•nt Restrlcte(I 18 18 18 2.S34.332 8.017 193,796 246,305 218,593 269,480 13.021 18 Total fund• 4,192.633 3.351.706 The finandal stelemerts re approved and avthorlsetl for lssve by the 8o•rd fjr svJne(l on Its beh4f by.. Rev'd Dr Chrlchton Llmb•rt Trustee 23 Aprll 2024 11
CHRI CHURCH SOWHGATE PCC Notes to the Fhnancial Statèments For the year ended 31 Dember 2023 1. Accounting Policies Ba$ls of acGourrting rh• financial sta19menis have been prepared underthe historfcal cost convenlion. oxcept for inveslments which ar& included 81 market vahje and the revahJatKsn ol cértain red asseis and in adance with the Charitie5 SORP IFRS 1021'Ac¢ounting 8nd Reporting by Charitses= Slatemenl ol Recommended Prn¢t1 appIae to chariues preparing their accounts in accordance Yllh lh& Flnanual Rewrung standard 8pplvbl8 tn the UK IFRS 102 SORP 20151. effective 1 January 2015 and the Chariti85 Act 2011. CHRIST CHURCH SOUTHGATE PCC meels Ihe definition ol a public benefil entity under FRS 102. Assets and liabi1it18S are initially recognised al historKal cost or twansaclion ¥alu• eSS olh•rwi8e slatèd in th¢ rtyltyvanl ¥c¢ounting ptAi notelsl. Golng concorn The Irusleo$ hav& 8 89)nee expectath)n Ihat the fM9anlsatk) has adewats rosources TaOnal 8xisi8nco lor tho foreseoat4B futum. A¢corn1kngty. Ihoy ¢c)In io 8dc¥Jl thB wirvJ fJ)ncwn bow th wwri¥wJ annual fekmxts and Accounls. ststomwnt of ca•h fl The Tru51ee5 hav8 taken aiJvantag8 of the 8y8mptbn In SORP FRS 102 Irom Inchjdlng 8 Cash fflow statement In thè financl81 $14ternents on the grounds Ihat th? chartty is smal. Fund8 Unre8trScted fund8 ropr68enl lh• hJnd$ ol Ihe PCC that aro not to any re¥trkOon rggardlng th? usg and are avaN8t48 for opplication to the general pury>os8s 01 th• PCC. Th15 Includes fund8 d8gnated lor a p8fikular by Ihe PCC. Th• ¥ccount$ Indudg tr•ns8¢tbn$. •$s¢ls and Ilabllitl8¥ fgr vthich PCC can be hehj iesponsible. They do nol inckjde the aOnts of church groiips that own an affliatioTh lo another body, nor those that are Infomial galhefkngs ol church membgr5. The Rostrlcled funds rek8le In the maln to Ihe Fahi¢ Appeal luThd5 loi the maintenanee ollhe ehuTch bulding. The mbjor part of these fvnds were held on depogl wilh th¢ Central Board ol Finance ol the Church ol England. The Endowment Funds sep#rnt8d into. P•rm•n•nt Restrl¢t¢d. Pernent Unrethcted. Non-perrnan8nl Endowment Unresiri¢lvd 8nd Nonymanent Endowrnenl Restricted. as broken down in nol 18 bekjw. In¢omlno r••our¢•• Voluntary Income Collections 8re recogni5ed when m•de. Amounts r¢¢gfvgble under Gift 'd 8rB rwl$od orty 1Ved. Income 18x rècoverable on Gfft Ald donatyons are recogni$•d wh•n d•lmed trom HIA Revonuo and Custom. Grants and legacies lo Ihe PCC arts a¢¢ount&d for when received. VAT r0veralle on certain caprtal eXpendrtU s cOgnised then Teceivèd. Inc0rn8 from charab Actwiljes Rental intome from Ihe tting 01 the ChUh hals 15 accounle<J for when eamed. Parochial fee¥ due to the PCC tor weddin9¥. fun¢r2b. elc.. afe a¢¢tyJnted for when re¢gtVgd. Income frorn Investments The 9ros8 amounis of divwjends and intsresl are accounted lor when duo. Residential propeTlie$ ineome is acLounte# for in cordance wth the tenancy agre8mènts in lorcé. Investment Gabns and Losse$ Realised gain5 and loss8s on investrnents and properbes are recognised when disposed of. Unrealised gains and losses are accounted lor on revaluab.on of inveslments •nd propÈthes at Ihe year enJ. Resource8 expgn Liabilities lor expenditvre are recogntsad in accordan with the accruaL% ccfficept. Charitable A¢tNthes The annual Diocesan quola (Common FuThJ payment) is a¢nted h)r when paid. 12
CHRIST CHURCH souTAT£ PCC Note5 to the Finanoal statements Continued For the year ÈrKJed YI Decèmber 2023 Tangible fixed as88ts Fixed assets Con580rat8d Land and BuihYing8 and Chattels Consecrated and ben8fic8d properlies are èxthd•d from iheffinantial Stslam•nts in accordance wfth $.1012llal and Icl of Ihe Charilies Aci 2011. No value is rAac8d on chattels hold by the chhWard•s on sp•d81 Iru8t for thg PCC oTh) whlch requlre a fawtty lor di$po8al. since the PCC Conside this to be inali8nabl& property. Al capital 8nd rev8nu8 8xpendur& Incurred durin9 Iha year on conMcraled btrnefk•d buadings antj chalt•ls o(th• Church are lIn off in thtr y•ar. Th8 land r8&¥5try title for the Parish Cenlre sle Icornpry%K ol Waker Hal. Churth House Flats 6 and 7 The Greenl ref• io that latxj as the Wicarage. The vwage has sin¢¢ been ¢emolishd aThJ repkcgj by the Parish Centre wth Ihe Current Vicara98 built on land naarby whrh was the sil& of th8. r4 defflolish&J. L1 Walk8r Hal. As a beneficÉd prwrty Ihe currgTh1 vicardge is &xdLKled frgm th¢ fInakl51ate[ts as above. The land registry blb na 85 Walker Hall 15 now the sile ol Ihe curr8nl Vicar8 and Ihal it is in Ihe na ol Ihe Rev Murdy Hoh MaCknJ ol Chri51 Churth Soulhgalo Enrd, Middx, how¥ver this was ¢h8n9gd al the rwy C 20kn January 2tr21. A5 Ihks 15 8 ben•fred prcwty it * exduded frorn the financial 81at•mentS 8$ abo¥¢. Other Land and Bu1J1n95 Other18nd 8nd building5 held on behawof tho PCC ftji its own purposes and ar• volued •t Ma8t ¥8lv¢13- porty valuation carried out on 28 F¢bruary 2024) as advisgd by truslegs. No dgpr?dlon thorged 0galn$t le¥kl8n8l properlies. buiany exptnthir• on mainl$n8ne• and Impwv8menl Is written off as incurred. Depreciation on Church House and Walker Hal was charged frorn 1st January 1971 over 7&ytai life. Contrafy to the previous policy Pf8Ctlce of (lep18n9 Church House and the Walker Hall. in light olthe recèfit changes brougN oboul by FRS IFinancial Reporting Stand¥riJl 102 ahd the SORP IS¢alemgnt of Recommendgd Practi¢el. the PCC has decided not to deprèciaie Ihese propee$ slnce 1st January 2017. urrylng out # Indop8ndent 3rf party valuatlon. thls depreci60 was vthiten off in YE 2023. Olher Flxturgs. Flltings and Ornco Equipment Depre¢laiion 1$ char9ed at 15% per annurn on 8 r•dutsng bal8nc• bas4. Inve51menls Inve$tments ore dbsdosed at the market v¥lue 81 lh •r end. Curr•nt a•J•t Inv•¥im•ni• Short Temi Dgposts gt the y98rnd hekl wlth Central 8oard of Finonc IC8FI IN the maln P•rochlal fund4. The Fobri¢ Fund Is htld wlth lh• CBF, the CBF pay dgwslt int4fSIS qU8rterty ot ¥•rf•bkn r81es, whl¢h dosely mfiaet tha Money Market rate$. Irreco¥•rabl• VAT Irrecov6rat49 VAT Is Induded in th• SIAt•menl ol Flnandol Activllies. and is r•ported as part of the expenditure to which it rèlatès. 2. Incom• from domtions and 1•gacI• Unr•8trict•d R•stri¢t•d 2023 2022 Donations recewed 10.098 9.553 19.649 12.492 Legacies CeS¥¢d 25.(M)O 25,0 35.096 9.553 44.649 12.492 13
CHRIST CHURCH SOUTHGATE PCC Notes to the Finanual Staiements Continued For the year ended 310ecember 2023 3. Incomtr from charllabh activities Unrestricted fun Re8tricled funds 2023 2022 P8rochl81 Fund Account Regular Giving (Gift Ai¢Jedl Regular GivSng INon-Glft Aiéedl Collections (Platel Income Tax RB¢tsverable 73,915 3.968 73.915 3.968 72.184 4.231 1.658 21.627 1,658 21,627 1,295 20,475 Occasional Offices. M8rchandi5e. Grant & Sundry Income. 19.588 4,303 4,303 23.891 125.059 28,729 126,914 120.756 Spir8 M8g8zint AGGount Magazlne 958 058 1,058 P8rlsh Centre Account Lettlng5 Rent re Sub-StatSon 35.874 35.874 41,398 250 1.000 Rent- Chrisl Chureh AssoeSatlon 1,OC 1.000 Donallon3 Sundry Incomè & Intefgst Recelvablo 30 1,041 1.041 330 37.915 37,915 43.008 Soclal Responslblllly Ac¢ounl Socisl Re8pon$ibility Committee 9.634 9.634 10,312 169,263 4,303 173,508 181,292 4. Inv••tm•nt Income 2023 2022 Unr•8trlct•d and r•¥trl¢t•d fund• Income frorn Ilsted invèstmènts 14.353 13.774 14.353 13,774 S. Olher income UnT•slrl¢t•d lunds Re8lrlct•d fund8 2023 2022 R¢nlal Income 54.075 54.075 51.912 Other Ineom8 (Bank Refund Unclaimed IBankl Funds 54.07$ 54.075 51.912 14
CHRIST CHURCH SOUTHGATE PCC Notes to the Financial Statements Continued For the year ended 31 December 2023 6. Costs of char4tabb actl¥ltles by lund typo Unr¢5trlthd lunds R•striGt•d funds 2023 2022 Parothial Fund Account 132.658 40,799 173.457 805 179.044 858 Spire MagazSnt Accouni Parish Centr8 Account 805 24,193 9,811 59.827 24.193 27.766 Soci81 Responsibilty Account Supporl costs 9,811 59,827 10,472 55,877 227,294 40,799 268.093 274.017 7. Co¥ts of charltai40 actlvltlos by actfvity typ• AGtlvltl•s undgrtak•n dlr•¢tly ExndItl• on ralslng fund* Support Costs 2023 2022 Parochlal Fund Account 173.457 46,013 219.470 220,387 858 Splre Magazlne Account Padsh Centro Accourrt 805 24.193 9.675 13.814 38,007 9.811 42.300 Soclal ResponSibilY Account 136 10.472 208,130 136 $9.827 268,093 274.017 - Analy¥l• of •upport ¢o•t• Pafochlal Fund Account Splr• M•gazln• A¢¢ouDt P•rlJh Conir• A¢¢ount 2023 2022 Fe85 to Support St8ff (Employed end Se- Ernployedl IT 24,7e6 13,814 3S,692 Church Admln Costs 7,749 368 7.749 368 siaff Tralnlng & D8¥elopmenl Govern&n¢è costs 13.130 13.130 13,241 46,013 13.814 59.827 66,877 15
CHRIST CHURCH SOWHGATE PCC Notes to the linancial Statements Continued For the year ended 31 De£ember 2023 9. Nat Incom?IlÈxpendilur•l for the year This ts slai&d aftef chargingllrrgditingl". 2023 2022 Depreclatlon ol owntrd fixod asset5 1.083 1.503 IGainllLo8s on di$posBI of fixed a$$gt invgglments 10. Comrat1¥• for th• Siatem•nt of Flnanclal ActS¥ltl•• Unr•strkted lunds Rrided funds 2022 In¢orne and doWments from.. Oonations and legacies Ch8dl8ts18 8cIfvM88 8.695 169.509 13.420 51.912 3.787 11.783 354 12,492 181,292 13,774 51.912 Inve$imonts Other incom8 T0181 243,S38 15.934 259,470 Expendllure on.. Charllable activitles 1226.3201 111.0121 1237.3321 147.6971 1247.0171 Other expendltur¢ To181 147.6971 1265.0291 Net galnsll1053951 on Investrnents Oth8r reLX)gni58d gains1105ses Galn$lllo$sesl on rev8lu8Uon of flxgd 5sets 159,5201 11,5881 161,1081 82.821 82.8?1 Net movement In fuThJs 29,SOS 133.3SII 13,8461 Re¢on¢illallon of funds Total fund8 brought forward Tol81 furYl$ earrfèd forward 2,962,830 2.992.335 392.722 3.355.552 359.371 3.351.706 16
CHRISTCHURCH SOUTHGATE PCC Notes to the Financial Statements Continued For the year ended 31 December 2023 11. Tanglble fixed assets Land and bulldlng$ Flxtures and flttlnys C05t or valuatlon Total Al 01 January 2023 Aédilionsldisposal AI 31 D8C8mber 2023 2.345.000 59.7S7 2.404.757 -645,000 72 -644.928 1.700,000 59.829 1,759.829 DeprB¢latlon At 01 January 2023 Ch8rg8 for yg8rldi$posal At 31 08cember 2023 769.460 52.605 822.065 -769,480 1.083 -768.377 53.688 53,688 Net b¢>ok valu•s Al 31 Decemb•r 2023 1.700,000 6,141 1,706,141 At 31 December 2022 1,575,540 T,152 1.582,692 Following 8 3rd p8rty V&atIOn earrled oul. of the 858818 8bove have been adjusted trj reffect the curTent rn8rk8t valuo ¢corda wlh FRS102 guhl81ine5. Inv•slmgnt• 12. An4lysl• of M0m•Trt of ¢omm•rclo1 Inv•stm•n¢• lttv••lm•nt piop•rty L18t Inv•otmont• Totsl Market value 8101 J8nu8ry 2023 Dispos915 at corylng value 842,739 458.003 1.300.742 Net g81nlllos$l on rev81u8tlon 657,261 43.091 700,352 Market value at 31 Decèmber 2023 1,500,000 501.094 2.001,094 F01bng a 3rd paty valuatwjn ¢artsd otrt, Ihe valuès of the a¥sets abovo h&ve been adjusted to r8fio¢t thè currgnt market valuo In ac(xird8nce th FRS102 guldèlines. 13. Analysls of Snve¥tm•nts between funds a8 at y•ar gnded 31 D•¢•mber 2023 Unr•strlct•d funds Endowrnont funds 2023 2022 Investment propertitr8 Listed inveslments 1,500.000 1,500,000 501.094 842,739 501.094 458.003 1.500.000 SD1.094 2.001.094 1.300.742 14. AnalysTr5 of movement of ¥ocial Investments Th8re were no movemeThts sn so¢01 inveslment thts year 17
CHRIST CHURCH SOUTHGATE PCC Notes to the Financial Statements Continued For the year ended 31 December 2023 15. Dabtors 2023 2022 Amounts due wlthln ong ygar: Trade debtors and Prapaym8nts 1.789 1,550 1.789 1.$50 16. Crodltor¥ 2023 2022 Amounts falllng dug wlthln ono y•ar'. Trade cr8dltOf5 and A¢cYua 6.308 6.235 8,308 0.235 17. Mo¥•nwnt sn fvnd• Unr•$trl¢t•d •nd EndowM•nt Fund• 8•l•nc• •t 0110112023 Incoffllng r•sour$ Outgolng rn•ourc•¥ Transhr• Galn• ond lo•s•s Bblanc• at 3111212023 General De5ign8ied Fun¢$ General Funds 12,1 2.980.235 12.100 3,646.629 272.431 1229.7291 823,692 2,992.335 272,431 1229.7291 823.692 3.858.729 Unr•8trlcted and Endowm•nt Funds - Pr•vlou¥ y••r Balan at 0110112022 In¢omlng r•sourc•s Ou¢golng r•#oure•• Tran•fer• Goln• and koJ8e• Balance Bt 3111212022 Gen•r41 Designatèd Funds General Funds 1 5.748 13,6481 1233.6841 12,1 2,980,235 2,947.082 243,538 23,301 2.962.830 243,536 1237.3321 23,301 2,992.335 18
CHRIST CHURCH soufHGATE PCC Notes to the Financial Statements Continued Fo¥ the yèar Ènded 31 Oetember 2023 Purpos• of unr•strfj¢t•d Funtts Unrestrieted lunds includes the res8twe policy fund alocaled by the trustees in Iheir reporL Designated Funds These are funds set aside by the PCC . Southgate, for spe¢rTrc proje¢ls. G•neral Funds Th858 ar8 free res88S al th8 disposal of the PCC- Southgato. to be applled at thelr dlscreuons but withln the obje¢l$ of Ihe Church. R•strlGt•d Fund• 8alanc• at InGomlng r•soiif¢•$ Outgolno G•ln$ and Balance at 0110112023 3111212023 Rgjlrtded Fund8 3S9,371 14,212 140,7991 1.120 333.904 359,371 14.212 140,7991 1.120 333.904 R••trl¢t•d Fund• - Pr•vlou• y••r B•l•n¢• •t 0110112022 Incomlng r••ourc• 0¥019 resourc• G•ln• and Bal¥nc• at 3111212022 Rostrfthed Funds 392,722 15.934 147,6971 11.5881 359.371 392,722 IS,934 147.6971 11.5881 359,371 Purpo8• ol r••trl¢t•d fund• Restricted Funds The58 are lunds reslrl¢t¢d by the donors of the Church Purpts$• Of •nthvment funds Perrnan8nt Endowment Restrlcled This is 8 Permanenl Endowment Fund Permanent Endowment Unrestricted This is a Perrnarbenl Endowment Fund Non-Perrnanent Endowment Unrestricted Non-Permanenl endowment Un51Cted, ils expendable. Non-PeTmanenl Endowrnent Restricted Non.Permanènl endowment Restrided. its expendable. 19
CHRIST CHURCH SOUtHGATE PCC Motes to the Financial Statements Contsnued For the year ended 31 December 2023 18. Analysis of net 4ss•ts bet¥Men fvnds Tangth Inv881menl• fix¢d a¥¥• NÈttllfterbl •¥sets1 fli*ilibesl Net A3iet5 Vnr•strl¢tsd lund8 Genwal Fw)d6 1.706.141 1.SOO.O( 151.494 3.357.635 R95trlctsd fwKIs R8Strieleil FuTrJs 333.904 333.904 End¢)wm•nt funds P6rm8n•ni Endowment Rtsstrtcted Permanent Endowrnent Unr•sirtet•d 218.593 218.593 Non-Pefmangni EndowTh•nt Unrtsirkied 269.480 269.480 Non-Permanent Endowment Restykted 13.021 13.021 1.706.141 2.1101.094 485,YJ8 4.192,633 Pr•v10 y••r M•t ¢urr•nt N•t AIM¢• flx•d •••t• Ol•bWltl•BI Uni•¥trfei•d fund• Gether¥l Funds 1.582.892 842.739 108.901 2.534.332 R•8trl¢t•d fund• Restricted Fund$ 359.377 359.371 Endowm•nt funds P•rrnan•nt Endowmènt Reslrtle(I 8.017 ,017 Permanent Endowmtnt un$tCle 199.796 199.796 Non-Pemianent End0Ment UnreslrKied 246,305 246.305 Non-Permanent EndowThent Restrthd 3.eB5 3,885 1.$82.692 1.300.742 468272 3,3$1.706
CHRIST CHURCH SOUTHGATE PCC Notes to the Finanual Statements Continued . For the year ended 31 Oecember 2023 19. D•t4ileil irKoffl• and •xpenditur• for tho y•ar w¥Jod 31 D•c•mb•r 2023 2023 2022 Income Lk)nalions aTh11ogas Char51ab aclivrtlgs 44.649 12.492 173. 181.292 Investments 14.3S3 13.774 Other inr))n 54.075 51.912 Totol IoM• 286.643 259.470 Expvndlturo Oiocesan Quota 87.775 chUh eMIseS c08ts chUh maintenance 25.957 24.281 5.268 Cler9y. ¢hoir and ¥eThice expenses Events. youth oulreach LICee6 11.328 1.983 1.271 613 Fobrl¢- m8lor Items rethctod Othgr rgstnctsd expenses Charity Donatior Church suppl Church D8vehJprnenl proigct Pad6h centfy prerni5es COB15 Parth centre rnalnfenBnce oJ8t• 35.480 32.14S 5.319 7.458 374 374 2.254 778 3.848 16.260 14.297 5.460 5.615 P8rish Centre m8lor woth$ Social ReSSibl -th0rf1oble gl¥d orn1 c415ts Stories ol Enfield HLF Grnnl 4.718 9.811 10.473 7.187 Adrnin costs 7.749 Stsff costs 25.133 21.258 Legal & wotsssicffial cc6ts Parish Centre£are¢aker SeMc6 Curtrncl 7.370 7.480 13.814 14.535 Sundry Spire off8 suppues Bank charggs Audlt an(1 a¢courtan¢y I Deprea10ft Total cn1b aetiviti•8 1.0( 1.229 856 605 261 222 5.760 5,760 1.503 1.083 268,093 274.017 Tol•l Oth•r •xp•ndTrtur• 2.435 11.012 Tvt•l *xpdI1urn 270.528 285.029 21