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2022-12-31-accounts

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD

“AS THE FAMILY OF CHRIST CHURCH, IN THE POWER OF THE HOLY SPIRIT, WE SEEK TO KNOW CHRIST BETTER, TO MAKE CHRIST BETTER KNOWN AND TO WITNESS TO GOD’S LOVE IN ACTIVE CONCERN FOR THE WHOLENESS OF OTHERS”

Annual Report

And

Financial Statements

Of the

Parochial Church Council

For the year ended 31[st] December 2022

Parish Office:

23 Waterden Road Guildford Surrey GU1 2AZ

Registered Charity Number 1132305

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD

ANNUAL REPORT 2022

Objectives

The Parochial Church Council (“PCC”) of Christ Church, Guildford has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church: pastoral, evangelistic, social and ecumenical. It also has responsibility for the maintenance of its properties including the Church itself. The members of the PCC are the Trustees of the Charity.

Our Mission Statement is – “as the family of Christ Church, in the power of the Holy Spirit, we seek to know Christ better, to make Christ better known and to witness to God’s love in active concern for the wholeness of others”.

In practice this includes developing opportunities to enable the discipleship of all members of Christ Church to continue to grow, through small groups, prayer meetings, specific training opportunities and regular teaching. It means enabling all members of Christ Church to reach out to our neighbours to introduce Christ’s saving love and to continue to grow our church in depth and number. It means encouraging all of us to serve the needs of our community and the world, through acts of service, financial generosity and prayer support.

Through carrying out these objectives, the PCC confirms that they have complied with their duty to deliver public benefit having considered relevant Charity Commission guidance.

Christ Church at a Glance

Christ Church has a wonderfully diverse range of activities and facilities to meet people at the different stages of their life and journeys of faith, including;

Sunday & midweek Services, Prayer Central, Communion @ The Clockhouse, Men’s Group, School Visits and Services, Children’s & Youth work, Holiday Club, Life Groups, Thursday Communion & lunch, Thursdays at 2, Weddings, Funerals and Baptisms, weekly Zoom Morning Prayer and Open Hands

1

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD

ANNUAL REPORT 2022

Financial Review

COVID-19 impact

The church activities for 2022 returned to a normal service pattern during the year with greater use of the Church for meetings and increase use of the Church Hall and Church House. The most significant impact on the finances of the church has been a reduction in voluntary planned income as the numbers giving to the church has reduced.

Incoming Resources

Total income for the year was £305,190 (2021: £261,362).

The most significant source of income other than voluntary income came through a legacy of £62,259 and from the lettings of the hall and meeting rooms, which have recovered when unavailable for rent due to the Covid pandemic, contributing income of £48,281 (2021: £30,154). We welcome all users who provide us with a valuable connection to the community and in 2022 we welcomed the use our church and hall from new users including orchestras and choirs.

The income for 2022 is summarised below:

2

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD

ANNUAL REPORT 2022

Resources Expended

Expenditure totalled £244,304 (2021: £299,432) and comprised the costs of the Church of £191,183 (2021: £192,477), mission and outreach of £25,315 (2021: £19,622) and one-off major project expenditure of £28,806 (2021: £87,443).

The one-off project spend was funded from cash reserves and comprised £20,478 of spend for the Church Hall Heating system, and £8,328 for new boiler and repairs to Ivor Close.

The costs for 2022 are split as follows, with the change from the prior year shown in brackets:

Mission and Outreach

We support a range of Christian organisations, individuals and activities involved in mission and outreach. The PCC allocates 10% of unrestricted voluntary income towards outward giving. The outward giving amount, excluding specific appeals, was £16,345 (2021: £17,104). At 31 December 2022, excluding the Christmas appeal, there was a balance of £3,100 (2021: £3,100) remaining in our outward giving fund to be paid in a future year.

In addition, we supported the 2022 Christmas Appeal which raised £3,420 from giving in 2022, split between two charities – 50% one UK based with £1,710 to Canterbury Centre and 50% to one international charity, with £1,710 to Anglican International Development.

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PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD

ANNUAL REPORT 2022

Reserves & Result for the Year

The surplus for the year was £60,886 (2021: £38,070 deficit) which included £28,806 of one-off project spend. This one-off project spend was mainly funded from cash reserves and comprised £20,478 for the church hall heating system, £8,328 for works to Ivor Close.

Without the exceptional legacy income of £62,259 the result for the year would have been a small deficit of £1,373.

We are budgeting to have a deficit for 2022 of around £47k before one-off project costs and fundraising requests have started to address this with the aim to provide sufficient funds on an ongoing basis to employ a new Children, Families and Youth Pastor/Evangelist.

The unrestricted reserves position at the end of 2022 was as follows:

General Fund
Designated Funds: Property
Available Reserves
Designated Funds: Fixed Asset Fund
Total unrestricted funds		 2022
2021
£’000
£’000
97
46
30
30
127
76
110
105
237
181

There is a further £42,461 (2021: £38,176) of restricted reserves.

The PCC maintains its unrestricted reserves in three funds:

The PCC has an overall objective to maintain a minimum level of general funds equivalent to three months of next year’s budgeted expenditure. At the end of the 2021 year the balance of the general fund was £97,075 (2021: £46,237), representing 4.6 months (2021: 2.4 months) of next year’s budgeted expenditure.

4

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD

ANNUAL REPORT 2022

Structure and Governance

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure and is registered with the Charity Commission under number 1132305 as The Parochial Church Council of the Ecclesiastical Parish of Christ Church Guildford.

The PCC’s current composition and changes in the year is set out on page 20.

PCC and Standing Committee

The full PCC met 9 (2021:8) times during the year with an average attendance of 85% (2021:88%). Standing Committee met 6 times (2021:8) with an average attendance of 93% (2021:94%) and their meetings were minuted to the full PCC. The Standing Committee has power to transact the business of the PCC between meetings, subject to any directions given by the Council.

The PCC has 5 subgroups to look at key areas in the lie of the church (Youth & Children; Communication; Finance; Buildings; Community Partnership & Missional Engagement). The PCC also invites other members of the congregation to advise them on a regular or ad-hoc basis on a range of issues. The PCC are grateful to Adam Warner and Rachel Nicolaou for their work in 2022 and oversight in the areas of Child Safeguarding and Adult Safeguarding respectively. These individuals report to the PCC on an annual basis, or more regularly as required, to train and support the PCC to ensure that we understand and implement appropriate policies and actions.

Internal Control and Risk Management

The PCC have overall responsibility for the Centre’s systems of internal control. There is a clear delegation of the PCC’s authority through the Vicar to the rest of the organisation. The annual budget is approved by the Trustees. Significant changes to budget are subject to specific approval. A financial reporting system compares results with the budget together with forecasts of the expected results.

As part of the annual planning process the key risks the PCC faces are re-assessed and evaluated by the PCC and the Leadership Team. The following are considered the PCC’s potential main risks:

The PCC are satisfied that systems are in place to monitor, manage and mitigate the exposure to identified risks. Operational risks are insured against as far as practicable. The PCC has adopted policies to manage Health and Safety and Safeguarding risks and copies of these policies are on display in Church or are available on request.

Investment Policy

The PCC’s investment policy covers the investment of all monies held by the PCC that are surplus to the amounts needed on a day-to-day basis and aims to maintain as liquid a position as possible consistent with a risk management policy of minimum risk. Consequently, most funds are held by our main clearing bank (Lloyds).

5

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD

ANNUAL REPORT 2022

Reserves Policy

The overall aim of the reserve policy is to ensure the PCC is using an appropriate level of resources in fulfilling its objectives whilst maintaining sufficient reserves to ensure stability and flexibility. The PCC is also responsible for the maintenance of its Church and other buildings which can entail significant amounts of expenditure occurring unevenly. The PCC maintains a rolling forecast of future capital needs and balances the role of building up reserves for maintenance with raising additional funds when needed.

Statement of Trustees’ responsibilities

Charity law requires the Trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the Church and of its financial activities for that period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Church. They are also responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees on 16 April 2023 and signed on their behalf by:

Richard King

Richard King Secretary to the PCC

Christ Church Guildford, 23 Waterden Road, Guildford, Surrey GU1 2AZ.

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PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

I report to the Trustees on my examination of the financial statements of the charity for the year ended 31 December 2022, which comprise the statement of financial activities, the balance sheet, the principal accounting policies and the related notes.

This report is made solely to the Charity’s Trustees, as a body, in accordance with the Charities Act 2011. My examination has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body, for my examination, for this report or for the opinions I have formed.

Respective responsibilities of Trustees and Examiner

As described in the Statement of Trustees’ Responsibilities on page 6, the Trustees are responsible for the preparation of the Trustees’ Annual Report and the financial statements in accordance with Applicable Law and United Kingdom Accounting Standards. The Trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 and that an independent examination is needed.

It is my responsibility to examine the accounts under section 145 of the 2011 Act, follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act and state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the 2011 Act and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met, or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Malcolm Twigger-Ross

Malcolm Twigger-Ross FCA Fellow of the Institute of Chartered Accountants in England and Wales 36 Charlock Way Guildford, Surrey GU1 1YB

10 April 2023

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PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Notes Unrestricted Unrestricted Restricted Restricted TOTAL TOTAL TOTAL
Funds Funds Funds FUNDS
2022 2022 2022 2021
£ £ £ £
INCOMING RESOURCES
Voluntary income
2(a)		 228,056 13,255 241,311 216,269
Income from investments
2(b)		 - - - 43
Income from Church activities
2(c)		 63,879 - 63,879 45,050
TOTAL INCOMING RESOURCES 291,935 13,255 305,190 261,362
Expenditure before project spend
3		 (206,528) (8,970) (215,498) (211,989)
Project expenditure
3		 (28,806) - (28,806) (87,443)
TOTAL RESOURCES EXPENDED (235,334) (8,970) (244,304) (299,432)
Net incoming resources 56,601 4,285 60,886 (38,070)
Balances brought forward at 1
January		 180,741 38,176 218,917 256,987
Balances carried forward at 31
December		 237,342 42,461 279,803 218,917

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PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD

BALANCE SHEET AS AT 31 DECEMBER 2022

Notes
FIXED ASSETS
Tangible Fixed Assets
5
CURRENT ASSETS
Debtors
6
Prepayments
6
Short term deposits
Cash at bank
LIABILITIES: AMOUNTS FALLING DUE
WITHIN ONE YEAR
7
NET CURRENT ASSETS
LIABILITIES: AMOUNTS FALLING DUE
AFTER ONE YEAR
8
NET ASSETS
FUNDS
Unrestricted
General fund
9
Designated funds: Property Fund
9
Available funds
Designated funds: Outward Giving Fund
9
Designated funds: Fixed Asset Fund
9
Total unrestricted funds
Restricted
9
TOTAL FUNDS		 2022
£
171,956
7,145
-
10,000
165,466
182,611
(21,775)
160,836
(52,989)
279,803
97,075
30,000
127,075
-
110,267
237,342
42,461
279,803		 2021
£
174,917
13,711
-
10,000
107,909
131,620
(25,907)
105,713
(61,713)
218,917
46,237
30,000
76,237
-
104,504
180,741
38,176
218,917

Approved by the Parochial Church Council on 16 April 2023 and signed on its behalf by:

Nick Williams Chair

Nicholas Nicolaou Treasurer

9

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. Principal Accounting Policies

The accounts have been prepared in accordance with the Church Accounting Regulations 2006, 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)” (as amended for accounting periods commencing from 1 January 2019). The PCC is a Public Benefit Entity as defined by FRS 102.

The financial statements have been prepared under the historical cost convention. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.

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.

a) Funds

Restricted funds represent income that must be spent on restricted purposes and details of the funds held and restrictions are shown in the notes to the accounts.

Unrestricted Funds represents the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

b) Incoming Resources

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. All other income is recognised when it is receivable. All incoming resources are reported gross.

c)

Resources expended

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. All other expenditure is recognised when it is payable. All resource expenditure is accounted for gross.

Grants and donations given for a specific cause as part of a church event are recognised as restricted funds and are reflected in income and expenditure of the PCC. Grants and donations given where the PCC acts only as a conduit for funds raised (e.g. collections at a funeral) do not form part of the income or expenditure or the PCC.

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PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

1. Accounting Policies (continued)

d) Fixed assets

Consecrated land and buildings and moveable church furnishings

Consecrated and benefice property of any kind is excluded from the accounts by S.10(2)(a) and (c) of the Charities Act 2011. Expenditure incurred during the year on consecrated or benefice property and movable church furnishings is recognised as expenditure in the Statement of Financial Activities

Moveable church furnishings are capitalised at cost and depreciated over their useful economic life other than where insufficient cost information is available.

Other Land and Buildings

Freehold buildings are included at their historic cost as permitted on the adoption of FRS102.

Freehold land and buildings are stated at cost and are depreciated over their estimated useful life of 25 years for church buildings. In 2020 residential buildings were no longer depreciated from 2020 onwards as it was considered that their market value exceeded their net book value and the on-going maintenance costs supported the current carrying value.

Other fixtures, fittings and office equipment

Equipment costing more than £1,000 is capitalised. Depreciation is charged on a straight line basis at 33% per annum for computer equipment, and 25% per annum for other equipment.

e)

Amounts owing to the PCC at 31 December are shown net of any provision for uncollectable amounts. Short-term deposits include cash held on deposit either with the Boom Credit Union Fund or at the bank/building society.

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PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

2. Incoming Resources

2.
Incoming Resources
Unrestricted
Funds 2022		 Restricted
Funds
2022		 TOTAL
FUNDS
2022		 TOTAL
FUNDS
2021
£ £ £ £
2.a) Voluntary Income
Regular Giving(gift and non-gift aid) 125,083 8,835 133,918 135,362
Tax recoverable 31,792 - 31,792 30,846
One-off donation (incl tax recovery) 4,906 - 4,906 38,619
Collections & other donations 4,016 1,000 5,016 2,690
165,797 9,835 175,632 207,517
Legacies 62,259 - 62,259 6,344
Christmas appeal - 3,420 3,420 2,408
228,056 13,255 241,311 216,269
2.b) Income from investments
Interest on savings - - - 43
2.c) Income from church activities:
Insurance claim: church house leak - - - 9,433
Other sales 1,758 - 1,758 1,672
Property lettings Hall 48,281 - 48,281 30,154
Property letting Ivor close 6,400 - 6,400 3,200
Property letting 23A Flat 5,898 - 5,898 -
Fees (weddings & funerals) 1,542 - 1,542 591
63,879 - 63,879 45,050
TOTAL INCOMING RESOURCES 291,935 13,255 305,190 261,362

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PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

3. Resources Expended



 Total
funds
2021
Unrestricted
f
Restricted
f
Total
f
unds
unds
unds
2022
2022
2022
£
£
£		 £
Core Ministry
Diocesan parish share 97,287
-
97,287		 96,524
Diocesan other parish fees 3,226
-
3,226		 165
Clergy Expenses 1,947
-
1,947		 2,552
Worship leader salary 6,000
-
6,000		 1,057
Other ministry costs 1,675
-
1,675		 2,467
Loan interest for staffproperty 1,191
-
1,191		 1,042
111,326
-
111,326		 103,807
Youth Ministry
Salaries -
-
-		 16,737
Training& otheryouth expenses 3,391
-
3,391		 3,727
3,391
-
3,391		 20,464
Property (church & hall)
Utilities (Light & Heat & water) 11,596
1,000
12,596		 13,257
Insurance 7,035
-
7,035		 6,932
Cleaning 9,960
-
9,960		 5,404
Repairs & maintenance 12,897
-
12,897		 12,693
Depreciation 2,961
-
2,961		 4,029
44,449
1,000
45,449		 42,315
Support and Administration
Parish Office salary 17,674
-
17,674		 14,581
Postage, printing and stationery 1,981
-
1,981		 3,215
Telephone & communications 4,598
-
4,598		 5,234

Other administration costs		 6,764
-
6,764		 2,861
31,017
-
31,017		 25,891
Total before Mission and Major
Projects		 192,477
190,183
1,000
191,183
Mission and Outreach
Missionary and charitable giving
11		 16,345
16,345		 17,104
Specific Appeals (restrictedfund)
11		 -
7,970
7,970		 2,408
16,345
7,970
24,315		 19,622
TOTAL RESOURCES EXPENDED
BEFORE PROJECT SPEND		 211,989
206,528
8,970
215,498
Property and one-off project spend
Ivor Close works incl Boiler 8,328
-
8,328
Church Hall Heating System 20,478
-
20,478

Church stone work and roofing
Quinquennial (net of VAT recovery)		 -
-
-		 15,801
Church speakers -
-
-		 30,367
Church house windows, roof and interior -
-
-		 34,375
Church worship furniture (legacy funded) -
-
-		 6,900

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PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

TOTAL PROJECT EXPENDITURE TOTAL PROJECT EXPENDITURE 28,806 -
28,806		 87,443
TOTAL RESOURCES EXPENDED 235,334 8,970
244,304		 299,432
4.
Staff Costs
Wages & Salaries
Average Number of People Employed
Wages & Salaries
Average Number of People Employed

No employee earned £60,000 p.a. or more.

Clergy staff in the year (Nick Williams, Vicar, and Joel Wilmer, Curate, from July 2022) are both paid by the Guildford Diocesan Board of Finance who also provide accommodation to the Vicar. The PCC helps fund these costs together with other central costs including mission support, ordinand training and a contribution to the National Church, through its parish share contribution. Joel Wilmer, as curate, occupied 2 Ivor Close rent free during 2022.

The following amounts were reimbursed to clergy members of the PCC during the year in respect of costs incurred on behalf of the PCC.

Revd. Nick Williams
Revd. Jo Trickey		 2022
£
2021
£
1,947
1060
-
395
1,947
1,455

Apart from the above, no member received any reimbursement of expenses or remuneration from the PCC.

Total giving by PCC members was £53,319 in the year ended 31 December 2022 (2021: £59,280).

5. Tangible Fixed Assets

Cost
At 1 January 2022
Additions
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net Book Value
At 31 December 2022		 Freehold Land &
Buildings
Equipment
Total
£
£
£
311,925
14,884
326,809
-
-
-
311,925
14,884
326,809
137,293
14,599
151,892
2,676
285
2,961
139,969
14,884
154,853
171,956
-
171,956

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PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

At 31 December 2021 174,632 285 174,917

The freehold land and buildings comprise the flat, Church House and hall at 23 Waterden Road, Guildford and a residential house at 2 Ivor Close, Guildford.

6. Debtors

Tax Recoverable on gifts (Q4 claim)
Other debtor – insurance claim
Other debtor – Christmas appeal
Prepayments
7.
Liabilities: Amounts falling due within one year
Mortgage due within one year
Accruals – giving including Christmas appeal
Accruals		 2022
£
7,145
-
-
-
7,145
2022
£
8,700
6,521
6,554
21,775		 2021
£
11,278
2,433
-
-
13,711
2021
£
8,700
6,350
10,857
25,907

Accruals for giving at 31 December 2022 comprises £3,420 for the 2022 Christmas appeal.

8. Liabilities: Amounts falling due after one year

Mortgage balance brought forward
Less: Repayments in the year
Mortgage balance carried forward
Due within one year (included within note 7)
Due after one year		 2022
£
70,413
(8,724)
61,689
8,700
52,989		 2021
£
79,023
(8,610)
70,413
8,700
61,713

The mortgage was advanced to assist with the purchase of a house at 2 Ivor Close for Curate’s accommodation. The mortgage is secured by a charge over the property and additionally, is supported by a guarantee provided by Guildford Diocesan Board of Finance.

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PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

9. Fund Details

At 31
December
2021
Income
Expenditure
Transfers
At 31
December
2022
£
£
£
£
£
Unrestricted Funds
General Fund 46,237
291,935
(232,373)
(8,724)
97,075
Designated funds
Property Fund 30,000
-
-
-
30,000
Fixed Asset Fund (net of 104,504
-
(2,961)
8,724
110,267
mortgage outstanding)
Christmas Appeal
Total Designated Funds 134,504
-
(2,961)
8,724
140,267
Total unrestricted funds 180,741
291,935
(235,335)
-
237,342
Restricted Funds
Vison/Audio -
-
-
-
-
Church organ 521
-
-
-
521
Prayer Books 261
-
-
-
261
Environmental 500
-
-
-
500
Youth, childrens & families 14,375
-
-
-
14,375
worker
Youth worker 18,750
-
-
-
18,750
Canterbury Care Centre 313
-
-
-
313
Vicar’s discretionary fund 3,456
-
-
-
3,456
Restricted Gift -
500
-
-
500
Energy Grant -
1,000
(1,000)
-
-
ABC Funds -
2,492
-
-
2,492
Ukraine Appeal -
5,843
(4,550)
-
1,293
Christmas appeal -
3,420
(3,420)
-
-
Total restricted funds 38,176
13,255
(8,970)
-
42,461
Total Funds 218,917
305,190
(244,305)
-
279,803

Designated funds are set up for the following purposes:

Restricted funds are shown by the main purpose for which the funds were donated. Transfers relate to funds where no further spend will be incurred.

10. Analysis of net assets by fund

Fixed Assets
Current Assets
Current Liabilities
Liabilities due after one year
Fund Balance		 Unrestricted
Restricted
Funds
Funds
TOTAL
£
£
£
171,956
-
171,956
140,150
42,461
182,611
(21,775)
-
(21,775)
(52,989)
-
(52,989)
237,342
42,461
279,803

16

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

11. Missionary & Charity giving and Christmas appeal

International
Iranian Church in Exile (CMS)
FAMadagascar
Wycliffe Bible Translators
Transform Burkina
National
Church Pastoral Aid Society
Count Everyone In
University Christian Unions (UCCF)
Local
Christians Against Poverty
Guildford Besom
Guildford Town Centre Chaplaincy and Street Angels
Mulberry House
No. 5 (Guildford homeless trust)
Guildford Action
The Matrix Trust
St Peter’s Bellfields
Simeon Trustees
Other
Seed Corn Fund
Total before Specific appeals
Ukraine Support
Christmas Appeal 2022 - Canterbury Centre
Christmas Appeal 2022 - Anglican International Development
Christmas Appeal 2021 – Transform Burkina
Christmas Appeal 2021 –Christians against poverty
Christmas Appeal 2021 – Besom
Total Christmas appeal
Total Missionary & Charitable Giving and Christmas appeal		 2022
£
2,000
1,000
2,000
2,000
7,000
1,000
1,000
150
2,150
1,000
1,500
1,000
500
500
500
2,000
-
175
20
7,195
-
16,345
4,550
1,710
1,710
-
-
-
7,970
24,315		 2021
£
2,000
1,000
2,000
2,000
7,000
1,000
1,000
300
2,300
1,000
1,500
1,000
500
500
500
2,000
-
175
29
7,204
600
17,104
-
-
-
1,204
602
602
2,408
19,512

Donations not raised through church events or general church giving are not shown. The Seed Corn fund is to foster active mission relationships and typically makes small grants to Church members undertaking missionary work.

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PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

PRIOR YEAR (2021) STATEMENT OF FINANCIAL ACTIVITIES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Notes
INCOMING RESOURCES
Voluntary income
2(a)
Income from investments
2(b)
Income from Church activities
2(c)
TOTAL INCOMING RESOURCES
Expenditure before project spend
3
Project expenditure
3
TOTAL RESOURCES EXPENDED
Net incoming resources
Balances brought forward at 1 January
Balances carried forward at 31 December		 Unrestricted
Funds 2021
£
176,967
43
35,617
212,627
(209,581)
(73,010)		 Restricted
Funds
2021
£
39,302
-
9,433
48,735
(2,408)
(14,433)		 TOTAL
FUNDS
2021
£
216,269
43
45,050
261,362
(211,989)
(87,443)		 TOTAL
FUNDS
2020
£
231,681
346
15,496
247,523
(222,499)
(23,825)
(282,591)
(69,964)
250,705
180,741		 (16,841)
31,894
6,282
38,176		 (299,432)
(38,070)
256,987
218,917		 (246,324)
1,199
255,788
256,987

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PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Prior year (2021) Fund Details

Fund Details

Unrestricted Funds
General Fund
Designated funds
Property Fund
Fixed Asset Fund (net of
mortgage outstanding)
Christmas Appeal
Total Designated Funds
Total unrestricted funds
Restricted Funds
Vison/Audio
Church organ
Prayer Books
Environmental
Youth, childrens & families
worker
Youth worker
Canterbury Care Centre
Vicar’s discretionary fund
Insurance claim
Christmas appeal
Total restricted funds
Total Funds		 At 31
December
2020
Income
Expenditure
Transfers
At 31
December
2021
£
£
£
£
£
120,782
30,000
99,923
-
211,785
-
-
(277,720)
-
(4,029)
(8,610)
-
8,610
46,237
30,000
104,504
129,923
-
(4,029)
8,610
134,504
250,705
211,785
(281,749)
-
180,741
5,000
521
261
500
-
-
-
-
(5,000)
-
-
-
-
-
-
-
-
521
261
500
-
14,375
-
-
14,375
-
18,750
-
-
18,750
-
313
-
-
313
-
3,456
-
-
3,456
-
9,433
(9,433)
-
-
-
2,408
(2,408)
-
-
6,282
48,735
(16,841)
-
38,176
256,987
260,520
(298,590)
-
218,917

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PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD PAROCHIAL CHURCH COUNCIL MEMBERSHIP FOR THE YEAR ENDED 31 DECEMBER 2022

Vicar

Rev Nick Williams

Clergy

Joel Wilmer (Curate) (from July 2022)

Church Warden

Richard King (to 24.4.22) Ray Bell (from 24.4.22) David Brown (from 24.4.22)

Other Parochial Church Council members

Claire Dent (to 6.7.22) Simon Dove (to 25.12.22) Paul Everett (to 24.4.22) Alison Farara (to 24.4.22) Colin Griffin Jules Hall Andrew Hodges (to March 2022) (PCC Secretary) Richard King (from 7.9.22) (Interim PCC Secretary) Stephen Hofmeyr Fiona McGowan James Sinclair (to 6.7.22) (Treasurer) Nick Nicolaou (from 7.9.22) (Treasurer) Linda Warner Graham Windsor (to 24.4.22) Jill Holliday (from 24.4.22) Elisabeth Willis (from 24.4.22) Jeremy Hoar (from 24.4.22) Nigel Wright (from 7.12.22)

PCC and Synod Representatives

Simon Dove (Deanery Synod Representative) Colin Griffin (Deanery Synod Representative) Jules Hall (Deanery Synod Representative, Electoral Roll Officer) Stephen Hofmeyr (Diocesan Synod Representative)

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