# **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, DOWNEND, BRISTOL**
**ANNUAL REPORT & FINANCIAL STATEMENTS 31 DECEMBER 2022**
**Charity Number 1131689**
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, DOWNEND, BRISTOL**
## **ANNUAL REPORT & FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
|**Contents**|**Pages**|
|---|---|
|Trustees’ Annual Report|1 – 4|
|Reference & Administrative Information|5 – 6|
|Independent Examiner’s Report|7|
|Statement of Financial Activities|8|
|Balance sheet|9|
|**N**otes to the financial statements|10 – 18|
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, DOWNEND, BRISTOL**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 DECEMBER 2022**
## **Structure, Governance and Management**
Christ Church, Downend is part of the diocese of Bristol within the Church of England. The Parochial Church Council (PCC) is a charity registered with the Charity Commission in England and Wales number 1131689, as The Parochial Church Council of the Ecclesiastical Parish of Christ Church, Downend, Bristol.
The method of appointment of PCC members (the trustees) is set out in the Church Representation Rules. Church members are invited to stand for election to the PCC at the Annual Parochial Church Meeting and are voted for by those on the Church Electoral Roll.
The trustees consider the PCC members and the senior ministry team/Heads of Ministry to be the key management personnel. Total benefits received by key management personnel during the year were £30,233. The clergy are paid by the Diocese.
## **Objectives and activities**
Christ Church PCC is committed to promoting the whole mission of the Church in the ecclesiastical parish of Downend; and seeks to grow and nurture a vibrant Christian community which serves the local area.
Our Vision revolves round the strap line ‘Learning to live the life’ which expresses a desire that all members of the Christ Church community understand and live out the teaching of Jesus where He has placed them. This we call ‘whole life discipleship’.
The activities of the Church as a gathered community serve to equip people to live out their faith in their daily lives in word and action and are led by a committed team of paid staff and volunteers, with a passion for serving Christ and equipping others. In planning the church’s activities, the PCC has had regard to the Charity Commission guidance on public benefit, and activities have been planned accordingly. Despite some of the restrictions placed upon us by the Covid pandemic we have been able to fulfil our mission in a variety of ways:
- **Use of our church buildings -** We have greatly expanded the use of our buildings for services, community groups and church outreach initiatives. This has served to fulfil our vision to be a place where Christian spirituality flourishes, a sense of Community is built, and Creativity is celebrated.
- **Engagement with youth, children and families** - This continues to be at the heart of Christ Church’s life and our team of staff and volunteers has run a wide variety of groups for children and young people, offering support, nourishment and encouragement.
- **Serving the wider community** - The ministry of CAP (Christians Against Poverty) remains a key aspect of our service to the community and the cost of living crisis has further amplified the value of this ministry. Other initiatives include a weekly Warm Spaces Cafe which has met a very real need in the parish.
- **Engaging with the wider world** - Christ Church has, through its tithe on general fund giving, continued to help to resource mission projects across the world. This has included projects in India, Uganda, Tanzania and Moldova as well as supporting persecuted Christians across the world and investing in our local CAP Centre. Volunteers from across the church community are proactive in engaging with and profiling these projects.
1
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, DOWNEND, BRISTOL**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 DECEMBER 2022**
- **Equipping church members to make a difference where they are.** In line with our ongoing commitment to whole life discipleship, our teaching programmes and activities have sought to equip people of all ages to live out their faith in their homes, places of work, and the wider community. In a period where there was no Incumbent Minister, other leaders and church members stepped up to ensure that Christ Church continued to fulfil its vision and expand its reach.
Do look at our Church Annual Report which can be found on the Christ Church Downend website, www.christchurchdownend.com for further details of our Church’s activities.
## **Financial Review**
The PCC’s Balance Sheet, (B/S) shows total assets of £1,469k, and the Statement of Financial Activities (SOFA) records an income of £335k for the year. However, it should be noted that £55k of the assets are held in “restricted funds”, £1,335k are held in “designated funds”, with only £80k remaining as “unrestricted general” funds.
Most of the money tied up in restricted funds relate to the CAP (Christians Against Poverty) centre we run (£30k), and monies specifically set aside to fund the Children’s Worker employment (£18k). The designated funds relate to the Net Book Value of all fixed assets and associated loans, the largest of which relate to the reordering works completed in 2019 at a total cost of circa £1.4m. A summary of key Fund movements is given below:
## **Unrestricted General Fund:**
The PCC approved a surplus General Fund budget for 2022 of £4k, inclusive of fund movements, but increased energy prices and other costs meant the fund recorded a break-even position for the year, closing at £80k.
## **Designated Funds:**
- The Church Building Improvement Fund is made up from the net book value of capitalised assets of £1,503k less outstanding loans of £168k, giving a closing balance of £1,335k.
## **Restricted Funds:**
- The B4L fund balance was used to contribute towards South Tower repair costs.
- The Youth Ministry Fund received grants and other donations during the year and carried forward a balance of £4k.
- The Children’s Worker Fund brought forward a surplus of £6,847 and additional donations of £17k were received to fund the Children’s Worker employment costs of £6k, with £18k being carried forward.
- Total CAP Funds started the year at £28,431 and now stands at £30,423.
- Over the year we gave away near £20k to Church Mission Partners. These funds were raised through our 10% tithing of General Fund donations as well as from individual donors.
2
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, DOWNEND, BRISTOL**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 DECEMBER 2022**
## **The Outlook for 2023 and beyond**
The PCC has approved a small deficit budget for the General Fund of £2k. This includes provision to repay £18,500 towards the remaining balance of £113k interest-free loans from members of the congregation, and a repayment of £5k towards the remaining £55k interest-bearing loan from the Diocese, both associated with the Building 4 Life Church refurbishment project completed in 2019. A strategy exists to repay the remaining loan balances by 2027.
Following the Rev. Jonathan Vickery’s retirement from the post of Incumbent Vicar in July 2021, Christ Church Downend appointed the Rev. Dan Watts who commenced as Incumbent Vicar in February 2023.
## **Reserves Policy**
The PCC’s policy is to carry unrestricted reserves that would enable the Church to continue should unforeseen circumstances arise. It considers that an amount equal to somewhere between three and six months’ expenditure to be appropriate. At the year end, the balance of free reserves was £80k which represents just over five and a half months’ budgeted General Fund expenditure for 2022. The PCC continue to explore ways to increase free reserves to a more appropriate level.
## **Grant Making Policy**
The PCC has a policy of making grant donations to its Mission Partners. These are selected by the PCC for a three-year period, following an application process with clear selection criteria. A 10% tithe of General Fund gift income is shared between the Mission Partners each year.
## **Statement of Responsibilities of PCC Members/Trustees**
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008
3
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, DOWNEND, BRISTOL**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 31 DECEMBER 2022**
and the provisions of the constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## 10 May
Approved by the Trustees on …………………………………………. 2023 and signed on their behalf by:
……………………………..
Rev. Paul Peterson, PCC chair
4
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, DOWNEND, BRISTOL**
## **REFERENCE & ADMINISTRATIVE INFORMATION**
## **YEAR ENDED 31 DECEMBER 2022**
## **Charity registration number** 1131689
## **Principal office**
Parish office 57 North Street Downend Bristol BS16 5SG
## **Trustees who served at any time during the year were:**
## **Clergy (Ex-officio)**
Vacancy Incumbent Vicar Rev. Paul Peterson Associate Minister and Chair Rev. Chris Dobson Assistant Minister Rev. Aidan Watson Curate (Until June 2022)
## **Church Wardens**
Maggie Nichols Bryan Ashton
## **Deanery Synod Representatives**
Roger Cholmondeley Richard Ward
## **Elected Members**
Julian Cox Laura Powell Until April 2022 Andrew Pound Adam Parfitt Sally Green Eloise Phillips Until April 2022 Richard Bacon From May 2022 Rosie Brydon **Officers to the PCC – non-voting** Caroline Plummer Clerk to the PCC Jamie Paddon Honorary Treasurer
The Trustees have devolved the governance of its financial matters to the “Giving 4 Life” Team (G4L). This comprises the following members, who report back to the Trustees their recommendations:
Jamie Paddon Chair and Honorary Treasurer Gabrielle Foster Bookkeeper David Tooby Hon. Planned Giving Secretary (until December 2022) Rev. Paul Peterson Debra Turpin David Green Adam Parfitt Adrian Harding Hon. Planned Giving Secretary (From December 2022)
5
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, DOWNEND, BRISTOL**
## **REFERENCE & ADMINISTRATIVE INFORMATION**
## **YEAR ENDED 31 DECEMBER 2022**
## **Elections**
Church Wardens may stand for up to six years and are elected each year at the appropriate Meeting of Parishioners which precedes the Annual Parochial Church Meeting, (APCM). Deanery Synod elections are held at the APCM every three years, (the next in 2024). Elected PCC Members stand for three years and may stand for re-election at the annual APCM for a further three years. The Diocese provides some training and advice, (in the form of booklets, which are given to any new PCC member, and also in the form of website information, and ad hoc training sessions during the year). All PCC Members are subjected to DBS checks in line with our Safeguarding Policy. Trustees are also encouraged to visit the appropriate section of the Charity Commission’s web site.
## **Independent Examiner:**
Joshua Kingston BSc ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR
## **Bankers:**
Lloyds Bank plc 697 Fishponds Road Fishponds Bristol BS16 3UJ
CCLA Investment Management Ltd Deposit Fund The CBF Church of England Funds 80 Cheapside London EC2V 6DZ
6
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, DOWNEND, BRISTOL**
## **INDEPENDENT EXAMINER’S REPORT**
## **YEAR ENDED 31 DECEMBER 2022**
I report to the trustees on my examination of the accounts of Christ Church, Downend (the Charity) for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Joshua Kingston BSc ACA Burton Sweet Limited Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR
27 April 2023 Date: …………………………..
7
## **THE PCC OF CHRIST CHURCH, DOWNEND**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **YEAR ENDED 31 DECEMBER 2022**
|**Note**
**Income from:**
Donations and legacies
**2**
Charitable activities
**3**
Raising funds
Investment income - interest received
Other income - including insurance refund
**Total income**
**Expenditure on:**
Charitable activities
**4**
**Total expenditure**
**Net income/(expenditure) before transfers**
**Transfers between funds**
**11**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds at 1 January**
**11**
**Total funds at 31 December**
**11**|**Unrestricted**
**General**
**Funds**
**£**
227,112
46,967
180
255
1,733
276,247
216,667
216,667
59,580
(59,889)
(309)
79,925
79,616|**Designated**
**Funds**
**£**
-
-
-
-
-
-
39,930
39,930
(39,930)
45,025
5,095
1,329,588
1,334,683|**Restricted**
**Funds**
**£**
57,484
-
1,589
-
163
59,236
60,942
60,942
(1,706)
14,864
13,158
41,681
54,839|**Total Funds**
**2022**
**£**
284,596
46,967
1,769
255
1,896
335,483
317,539
317,539
17,944
-
17,944
1,451,194
1,469,138|Total Funds
2021
£
253,821
26,872
157
18
984
281,852
280,478
280,478
1,374
-
1,374
1,449,820
1,451,194|
|---|---|---|---|---|---|
The Charity has no recognised gains or losses other than the results for the year as set out above. All of the activities of the charity are classed as continuing
**The notes on pages 10 to 18 form part of these financial statements**
## **Comparative fund movements are shown in note 7**
8
**THE PCC OF CHRIST CHURCH, DOWNEND**
## **BALANCE SHEET**
## **AS AT 31 DECEMBER 2022**
|**Note**
**Fixed assets**
Tangible fixed assets
**8**
**Current assets**
Debtors
**9**
Cash at bank and in hand
**Creditors : Amounts falling due**
**within one year**
**10**
Net Current Assets
**Creditors : Amounts falling due**
**after more than one year**
**10**
**Net assets**
**Funds**
Unrestricted
**12**
Designated
**12**
Restricted
**12**|**2022**
**£**
1,502,683
1,502,683
12,330
157,784
170,114
(55,659)
114,455
(148,000)
1,469,138
79,616
1,334,683
54,839
1,469,138|2021
£
1,541,089
1,541,089
4,404
139,212
143,616
(52,011)
91,605
(181,500)
1,451,194
79,925
1,329,588
41,681
1,451,194|
|---|---|---|
27 April 2023
These financial statements were approved by the Parochial Church Council on …................................. and are signed on its behalf by:
Rev. Paul Peterson, PCC chair
**The notes on pages 10 to 18 form part of these financial statements**
9
**THE PCC OF CHRIST CHURCH, DOWNEND NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **1 Accounting policies**
The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
The accounts (financial statements) have been prepared to give a ‘true and fair’ view and 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 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) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The trustees consider that there are no material uncertainties about the Church's ability to continue as a going concern.
The PCC constitutes a public benefit entity as defined by FRS102.
## **Funds**
General funds represent the funds of the church that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Unrestricted funds includes funds designated for a particular purpose by the PCC.
Restricted funds are those derived from gifts which are restricted to a particular purpose.
The accounts include transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of church groups that owe an affiliation to another body nor those that are informal gatherings of church members.
## **Income**
All income is recognised once the PCC has entitlement to the income, there is sufficient certainty of receipt and it is therefore probable that the income will be received, and the amount of income can be measured reliably.
## _**Income from gifts.**_
Planned giving receivable by standing order is recognised when received. Collections are recognised when received by or on behalf of the PCC. Gift aid is accrued on donations when there is a valid declaration from the donor, and accounted for in the year to which the giving relates. Any Gift Aid amount recovered on a donation is treated as an addition to the same fund as the initial donation unless the donor or terms of the appeal have stated otherwise.
## _**Grants**_
Grants to the PCC are included in the SoFA when the PCC becomes entitled to the income, it is probable that the income will be received, and the amount can be measured reliably.
## _**Legacy income**_
Legacy income is recognised when receipt is probable, that is, when there has been grant of probate, the executors have established there are sufficient net assets to pay the legacy, and any conditions attached have been met or are in the control of the church.
## _**Donated goods, facilities and services**_
Donated goods, facilities and services are recognised as income with an equivalent amount recognised as an expense, except for the contribution of volunteers which it is considered impractical to reliably measure for accounting purposes. The donated goods, facilities and services are recognised on the basis of the value of the gift to the PCC which is the amount that the PCC would have been willing to pay to obtain such services or facilities of equivalent economic benefit on the open market.
## _**Interest receivable**_
This is included in the accounts upon notification of the interest by the Bank.
10
**THE PCC OF CHRIST CHURCH, DOWNEND**
**NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
- **1 Accounting policies** _**(continued)**_
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the PCC to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
## _**Diocesan parish share**_
The Diocesan parish share is accounted for in accordance with the agreed intention of the PCC.
## _**Governance**_
Governance costs represent the expenditure related to statutory requirements such as audit or independent examination and legal advice. They have been included within support costs relating to charitable activities.
## **Fixed Assets**
## _**Consecrated land and buildings and moveable church furnishings**_
The PCC does not own and hold the church and vicarage. Legal custodianship of the church and vicarage lies with the diocesan authorities and the incumbent. Day to day custodianship is controlled by the incumbent and churchwardens. The churchwardens also have custodianship of the moveable items within the church on behalf of the people of the parish. The PCC supports the incumbent in the day to day care of the people of the parish. Expenditure incurred during the year on consecrated or beneficed buildings and moveable church fittings, whether maintenance or an improvement is normally written off as expenditure in the SOFA and is separately disclosed. At present there are improvements to the church buildings that are capitalised and depreciated, this is due to the presence of associated loans related to the building improvements. Once the loans are paid off, the asset will also be written off. Until then, the asset will remain capitalised.
## _**Other fixtures, fittings and office equipment**_
These are capitalised in the year in which they are purchased and depreciated as follows:
Building improvements over 50 years on a straight line basis Furniture and fittings over 5 years on a straight line basis
## _**Current assets**_
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the PCC. Subsequently, they are measured at the level of cash or other consideration expected to be received.
## _**Cash at bank and in hand**_
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## _**Creditors and provisions**_
Creditors and provisions are recognised when the PCC has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
Liabilities are measured on recognition at their historical cost and then subsequently at the best estimate of the amount required to settle the obligation at the reporting date.
## _**Pension scheme**_
PCC Christ Church Downend participates in the Pension Builder Scheme section of the Church Worker's Pension Fund for lay staff. The scheme is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and the other participating employers.
CWPF has two sections:
1. the Defined Benefits Scheme
2. the Pension Builder Scheme, which has two subsections;
- a. a deferred annuity section known as Pension Builder Classic, and,
- b. a cash balance section known as Pension Builder 2014.
11
**THE PCC OF CHRIST CHURCH, DOWNEND NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
- **1 Accounting policies** _**(continued)**_
## _**Pension scheme (continued)**_
## **Pension Builder Scheme**
Both sections of the Pension Builder Scheme are classed as defined benefit schemes.
_**Pension Builder Classic**_ provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors.
_**Pension Builder 2014**_ is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65.
There is no sub-division of assets between employers in each section of the Pension Builder Scheme.
The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are the contributions payable of **£3,032 (2021: £2,340).**
A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2019. The next valuation is due as at 31 December 2022, but will not complete until early next calendar year.
For the Pension Builder Classic section, the valuation revealed a deficit of £4.8m on the ongoing assumptions used. At the most recent annual review, the Board chose to grant a discretionary bonus of 10.1% following improvements in the funding position over 2022. There is no requirement for deficit payments at the current time.
For the Pension Builder 2014 section, the valuation revealed a surplus of £5.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.
The legal structure of the scheme is such that if another employer fails, the charity could become responsible for paying a share of the failed employer’s pension liabilities.
|**2 Income from: Donations and legacies**
_Planned Giving:_
Donations
Income tax recovered (gift aid)
Collections (open plate) at all services
Donations
Legacies
Grants received
**Prior year comparatives**
_Planned Giving:_
Donations
Income tax recovered (gift aid)
Collections (open plate) at all services
Donations
Legacies
Grants received|**Unrestricted**
**General**
**Funds**
**£**
142,994
35,238
11,340
5,909
27,832
3,799
227,112
**Unrestricted**
**General**
**Funds**
**£**
150,438
35,485
6,865
9,745
-
2,000
204,533|**Designated**
**Funds**
**£**
-
-
-
-
-
-
-
**Designated**
**Funds**
**£**
-
-
-
-
-
-
-|**Restricted**
**Funds**
**£**
18,974
6,959
373
23,836
-
7,342
57,484
**Restricted**
**Funds**
**£**
16,766
4,773
98
13,685
5,000
8,966
49,288|**Total Funds**
**2022**
**£**
161,968
42,197
11,713
29,745
27,832
11,141
284,596
**Total Funds**
**2021**
**£**
167,204
40,258
6,963
23,430
5,000
10,966
253,821|
|---|---|---|---|---|
12
**THE PCC OF CHRIST CHURCH, DOWNEND**
**NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **3 Income from: Charitable activities**
|Lettings
Wedding and funeral services
**Prior year comparatives**
Lettings
Wedding and funeral services
**4 Expenditure on: Charitable activities**
Direct costs
Gathered church
Children's and youth ministry
Discipleship and pastoral care
Local and overseas mission
Parish share
Support costs
**Prior year comparatives**
Direct costs
Gathered church
Children's and youth ministry
Discipleship and pastoral care
Local and overseas mission
Parish share
Support costs|**Unrestricted**
**General**
**Funds**
**£**
42,869
4,098
46,967
**Unrestricted**
**General**
**Funds**
**£**
23,523
3,319
26,842
**Unrestricted**
**General**
**Funds**
**£**
4,142
-
12,075
239
95,001
105,210
216,667
**Unrestricted**
**General**
**Funds**
**£**
3,000
-
11,523
177
63,129
79,090
156,919|**Designated**
**Funds**
**£**
-
-
-
**Designated**
**Funds**
**£**
-
-
-
**Designated**
**Funds**
**£**
-
-
-
-
-
39,930
39,930
**Designated**
**Funds**
**£**
-
-
-
-
-
39,719
39,719|**Restricted**
**Funds**
**£**
-
-
-
**Restricted**
**Funds**
**£**
-
30
30
**Restricted**
**Funds**
**£**
2,105
11,934
-
43,522
-
3,381
60,942
**Restricted**
**Funds**
**£**
4,793
10,305
-
41,871
26,871
-
83,840|**Total Funds**
**2022**
**£**
42,869
4,098
46,967
**Total Funds**
**2021**
**£**
23,523
3,349
26,872
**Total Funds**
**2022**
**£**
6,247
11,934
12,075
43,761
95,001
148,521
317,539
**Total Funds**
**2021**
**£**
7,793
10,305
11,523
42,048
90,000
118,809
280,478|
|---|---|---|---|---|
13
**THE PCC OF CHRIST CHURCH, DOWNEND**
**NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **5 Staff costs**
|Salaries
Employer's National Insurance contributions
Pension contributions|**2022**
**£**
70,843
-
3,032
73,875|**2021**
**£**
57,455
1,496
2,340
61,291|
|---|---|---|
No employee earned more than £60,000 during the year (2021: none)
During 2022, the average number of staff employed was 10 (2021: 7).
The charity considers the key management personnel to be the PCC members and senior ministry team.
The total amount of salaries and benefits received by PCC members and senior ministry team members during the year was £15,191 for non-trustee roles within the church. (2021: £25,200).
## **6 Related party transactions**
Mrs A Dobson, wife of Rev C Dobson, trustee, was paid £10,847 (2021: £11,130) during the year and the PCC made pension contributions on her behalf of £488 (2021: £469) for her role as Ministry Head for discipleship, and was reimbursed expenses of £813 (2021: £798).
Mrs M Nichols (Church Warden) was paid £1,881 (2021: £3,807) during the year for her role as Assistant to the Parish Administrator, and was reimbursed expenses of £1,250 (2021: £612), in accordance with S7A of the Parochial Church Councils (Powers) Measure 1956.
Mrs R Brydon, a PCC member, was paid £12,737 (2021: £6,146) and the PCC made pension contributions of £573 (2021: £322) for her role as CAP Centre manager. She was also reimbursed expenses of £1,644 (2021: £5,688), in accordance with S7A of the Parochial Church Councils (Powers) Measure 1956.
During the year, donations from trustees and related parties were £23,690 (2021: £21,315).
No Trustee received reimbursement of any expenses incurred in carrying out their duties as a Trustee during either the current, or preceding year.
There are no other related party transactions other than those disclosed as required by the SORP elsewhere in the financial statements.
14
**THE PCC OF CHRIST CHURCH, DOWNEND**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **7 Comparative fund movements**
|**Unrestricted**
**General**
**Funds**
**£**
**Income from:**
Donations and legacies
204,533
Charitable activities
26,842
Raising funds
157
Investment income - interest received
18
Other income - insurance refund
688
**Total income**
232,238
**Expenditure on:**
Charitable activities
156,919
**Total expenditure**
156,919
**Net income/(expenditure) before**
**transfers**
75,319
**Transfers between funds**
(55,001)
**Net movement in funds**
20,318
**Reconciliation of funds:**
**Total funds at start of year**
59,607
**Total funds at 31 December**
79,925
**8**
**Tangible fixed assets**
**£**
**Cost**
At 1 January 2022
1,634,454
Additions
-
At 31 December 2022
1,634,454
**Depreciation**
At 1 January 2022
105,668
Charge for the year
32,689
At 31 December 2022
138,357
**Net book value**
At 31 December 2022
1,496,097
At 31 December 2021
1,528,786
**Church building**
**improvements**|**Designated**
**Funds**
**£**
-
-
-
-
-
-
39,719
39,719
(39,719)
38,500
(1,219)
1,330,807
1,329,588
**£**
35,147
-
35,147
22,844
7,029
29,873
5,274
12,303
**Furniture &**
**fixtures**|**Restricted**
**Funds**
**£**
49,288
30
-
-
296
49,614
83,840
83,840
(34,226)
16,501
(17,725)
59,406
41,681
**£**
-
1,524
1,524
-
212
212
1,312
-
**Computer &**
**AV**|**Total Funds**
**2021**
**£**
253,821
26,872
157
18
984
281,852
280,478
280,478
1,374
-
1,374
1,449,820
1,451,194
**Total**
**£**
1,669,601
1,524
1,671,125
128,512
39,930
168,442
1,502,683
1,541,089|
|---|---|---|---|
15
**THE PCC OF CHRIST CHURCH, DOWNEND**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **9 Debtors**
|Trade debtors
Other debtors
**10**
**Creditors**
**Amounts falling due within one year**
Trade creditors
Grants due to mission partners
Other creditors and accruals
Loans
**Amounts falling due after more than one year**
Loans for Building project|**2022**
**£**
6,280
6,050
12,330
**2022**
**£**
1,161
10,784
23,714
20,000
55,659
148,000|2021
£
3,962
442
4,404
2021
£
1,445
10,695
9,871
30,000
52,011
181,500|
|---|---|---|
16
**THE PCC OF CHRIST CHURCH, DOWNEND**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
## **11 Movement in funds**
|Unrestricted funds:
General Fund
Designated funds:
Fixed Asset designated fund
Total unrestricted funds
Restricted funds
Building 4 Life - Church redevelopment
Chaplaincy
Children's worker funding
Children's Ministry - Downend Soup
Christians Against Poverty fund
Flower fund
Special gifts fund
Mission -Global fund
Open Church fund
Parish Weekend Away fund
Youth ministry fund
Total restricted funds
**Total funds**||**At**
**1 January**
**2022**
**£**
79,925
1,329,588
1,409,513
3,030
221
6,847
634
28,431
476
-
62
1,342
167
471
41,681
1,451,194|**Income**
**£**
276,247
-
276,247
366
-
16,683
-
22,295
961
1,398
6,932
-
-
10,600
59,235
335,482|**Expenditure**
**£**
(216,667)
(39,930)
(256,597)
(3,381)
-
(5,581)
-
(23,840)
(707)
(1,398)
(19,682)
-
-
(6,352)
(60,941)
(317,538)|**Transfers**
**£**
(59,889)
45,025
(14,864)
(15)
-
500
-
3,537
-
-
13,150
(1,342)
-
(966)
14,864
-|**At**
**31 December**
**2022**
**£**
79,616
1,334,683
1,414,299
-
221
18,449
634
30,423
730
-
462
-
167
3,753
54,839
1,469,138|
|---|---|---|---|---|---|---|
## **Unrestricted funds**
**General fund -** Funds to support general running costs of the church, including office and administration, church building running costs and the Diocesan Parish Share contribution.
## **Designated funds**
**Fixed Asset designated fund -** Capitalised assets less depreciation and the associated loans.
## **Restricted funds**
**Building 4 Life** - donations received for the church redevelopment project **.**
**Chaplaincy** - funds received towards the pastoral care and wholeness ministry of the church **.**
**Childrens' worker funding** - this fund has received increased income from giving this year specifically to fund part of the increased hours of the Children's Ministry Worker **.**
**Children's Ministry -** Funds to support the "Downend Soup" project **.**
**Christians Against Poverty fund** - funds received for the work of the CAP centre in the parish **.**
**Flower fund** - donations received to purchase flowers in memory of loved ones.
**Special Gifts fund** - small gifts received to support specific aspects of church life **.**
**Mission - global fund** - funds received to support the church's mission partners **.**
**Open Church fund** - This fund has money raised by the Open Church Tuesday congregation to support worthy causes of its choosing. In 2022 they decided to empty the fund in support of the GF, specifically as a contribution to the cost of an external lighting project.
**Parish Weekend Away fund** - surplus funds from previous weekends, available for future weekends away **.**
**Youth ministry fund** - funds set aside to support the church's youth ministry work. The Youth group raised funds to buy Christmas presents for orphans in Haven Home India. This money was moved to Mission funds, then sent to the Home to cover present costs. This has created a transfer between restricted funds of £966 from the Youth ministry fund to the Mission global fund.
17
**THE PCC OF CHRIST CHURCH, DOWNEND**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 DECEMBER 2022**
|**11**
**Movement in funds -****_continued_**
**Prior Year Comparatives**
Unrestricted funds:
General Fund
Designated funds:
Fixed Asset designated fund
Total unrestricted funds
Restricted funds
Building 4 Life - Church redevelopment
Chaplaincy
Children's worker funding
Children's Ministry - Downend Soup
Christians Against Poverty fund
Flower fund
Special gifts fund
Mission - Global fund
Open Church fund
Parish Weekend Away fund
Legacies fund
Youth ministry fund
Total restricted funds
**Total funds**
**12 Analysis of net assets between funds - current year**
Unrestricted general funds
Designated funds
Restricted funds
**Prior year**
Unrestricted general funds
Designated funds
Restricted funds||**At**
**1 January**
**2021**
**£**
59,607
1,330,807
1,390,414
1,039
221
-
634
23,139
425
-
30
1,320
167
26,871
5,560
59,406
1,449,820|**Income**
**£**
232,238
-
232,238
1,991
-
7,400
-
24,878
514
4,330
5,816
22
-
-
4,663
49,614
281,852
**Fixed assets**
**£**
-
1,502,683
-
1,502,683
**Fixed assets**
**£**
-
1,541,089
-
1,541,089|**Expenditure**
**£**
(156,919)
(39,719)
(196,638)
-
-
(553)
-
(23,175)
(463)
(4,330)
(18,696)
-
-
(26,871)
(9,752)
(83,840)
(280,478)
**Other net**
**assets**
**£**
79,616
(20,000)
54,839
114,455
**Other net**
**assets**
**£**
79,925
(30,001)
41,681
91,605|**Transfers**
**£**
(55,001)
38,500
(16,501)
-
-
-
-
3,589
-
-
12,912
-
-
-
-
16,501
-
**Creditors**
**due in more**
**than one year**
**£**
-
(148,000)
-
(148,000)
**Creditors**
**due in more**
**than one year**
**£**
-
(181,500)
-
(181,500)|**At**
**31 December**
**2021**
**£**
79,925
1,329,588
1,409,513
3,030
221
6,847
634
28,431
476
-
62
1,342
167
-
471
41,681
1,451,194
**Total**
**2022**
**£**
79,616
1,334,683
54,839
1,469,138
**Total**
**2021**
**£**
79,925
1,329,588
41,681
1,451,194|
|---|---|---|---|---|---|---|
18
Audit Trail
## **Document Details**
|**Title**
Accounts for signature|**Title**
Accounts for signature||
|---|---|---|
|**File Name**
CCD|Final Financial Statements 27.04.23 (ID 209431).pdf||
|**Document ID**
8221f5d313a346db9025164fc79abfa0|||
|**Fingerprint**
3a4f949e8d58aaf6582d67dadc4312d|||
|**Status**
Completed|||
|**Document History**|||
|**Document Created**|Document Created by Karen Chelton (karen@burton-sweet.co.uk)
Fingerprint: a9d79a55983ab8c173f6751053dfb36b|Apr 27 2023
02:43PM UTC|
|**Document Sent**|Document Sent to Paul Peterson
(paul.peterson@christchurchdownend.com)|Apr 27 2023
02:43PM UTC|
|**Document Viewed**|Document Viewed by Paul Peterson
(paul.peterson@christchurchdownend.com)
IP: 51.219.31.161|Apr 27 2023
05:41PM UTC|
|**Document Signed**|Document Signed by Paul Peterson
(paul.peterson@christchurchdownend.com)
IP: 51.219.31.161|Apr 27 2023
05:44PM UTC|
|**Document Sent**|Document Sent to Joshua Kingston (josh.kingston@burton-sweet.co.uk)|Apr 27 2023
05:44PM UTC|
|**Document Viewed**|Document Viewed by Joshua Kingston (josh.kingston@burton-sweet.co.uk)
IP: 83.219.35.27|Apr 28 2023
12:57PM UTC|
|**Document Signed**|Document Signed by Joshua Kingston (josh.kingston@burton-sweet.co.uk)
IP: 83.219.35.27|Apr 28 2023
12:57PM UTC|
|**Document**|This document has been completed.|Apr 28 2023|
|**Completed**|Fingerprint: 3a4f949e8d58aaf6582d67dadc4312d|12:57PM UTC|