CHRISTCHURCH PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD "AS THE FAMIL Y OF CHRIST CHURCH, IN THE POWER OF THE HOL Y SPIRIT, WE SEEK TO KNOW CHRIST BETTER, TO MAKE CHRIST BETTER KNO WN 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 31st December 2024 Parish Office: 23 Waterden Road Gui Idford Surrey GUI 2AZ Registered Charity Number 1132305
Cli H I STCIivTrLFI PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD ANNUAL REPORT 2024 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. Et 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; Siinday & 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, Wedding.$, Funerals and Baptisms, weekly Zoom Morning Prayer and Open Hands
CEIA15TCIiuRLH PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD ANNUAL REPORT 2024 Financial Review Incoming Resources Total income for the year was £239,757 (2023.. £233,845). The most significant source of income other than voluntary income came from the lettings of the hall and meeting rooms contributing income of £59,048 (2023.. £51,783). We welcome all users who provide us with a valuable connection to the community. The income for 2024 is summarised below.. INCOME 2024 £240K (£76k from operations) Regular income £107k (-IOk) 79 One-off donations £15k {+2k} 107 Christmas appeal £5k (-Ik) Tax recovery £28k (Ok) Investment income £6k (+5k) 28 5 15
CHMI¥TCEIvRLH PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD ANNUAL REPORT 2024 Resources Expended Expenditure totalled £242,822 (2023.. £193,611) and comprised the cost5 of the Church of £189,072 (2023: £164,465), mission and outreach of £22,436 (2023: £21,947) and one-off major project expenditure of £31,314 (2023: £7,199). The one-off £31,314 project spend comprised £14,424 for resurfacing the church car park, £8,895 Church House roof and window, £4,394 Church Heating system, £2,412 Church Tower ladder safety hoops, and £1,189 repairs to Ivor Close. The costs for 2024 are split as follows, with the change from the prior year shown in brackets: EXPENDITURE 2024 £243k (£211k before project spend) 31 Dlocesan quota £99k1+2kl Other core mlnlstry £13k l+ikl 29 Youth mlnlstry £lk (+lkl 99 Mlsslon and outreach £15k l-lkl 11 Speclflc appeal glvlng £8k1+2kl Property costs £47k1-2kl 47 11 Support and admln £29k120kl 13 Project costs £31k1+24k} The majority (620/0) of the Diocesan Quota funds the stipend and housing of the incumbent. The remainder includes supporting ordinands and curates (180/0), safeguarding (30/0), chaplaincies and mission support (40/0), schools support (20/0), and clergy retirement housing (40/0). Mission and Outreach We support a range of Christian organisations, individuals and activities involved in mission and outreach. The PCC allocates IOO/o of unrestricted voluntary income towards OLStward giving. The outward giving amount, excluding specific appeals, was £14,885 (2023: £15,800). In addition, we supported the 2024 Christmas Appeal which raised £5,303 from giving in 2024, split between two charities 500/0 one UK based with £2,652 to The Nazareth Way and 500/0 to one international charity, with £2,651 to Anglican International Development.
Cli H I bTL TriURCII PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD ANNUAL REPORT 2024 Reserves & Result for the Year The deficit for the year was £3,065 {2023.' surplus £40,234) which included £31,314 of one-off project spend. The surplus for the prior year was because for much of the year administrative support was supplied by volunteers and lower major project spend. We are budgeting to have a deficit for 2024 of around £21k that includes £40K of one-off project costs. Christ Church is working with the Guildford Diocese to employ a new Children, Families worker with 800/0 of the funding for the first year coming from the Diocese. The unrestricted reserves position at the end of 2024 was as follows: 2024 £'ooo 117 30 147 128 275 2023 £'ooo 127 30 157 119 276 General Fund Designated Funds: Property Available Reserves Designated Funds: Fixed Asset Fund Total unrestricted funds There is a further £42,434 (2023: £43,699) of restricted reserves set out in note 9 most of which is directed towards funding a youth worker. The PCC maintains its unrestricted reserves in three funds.. The fixed asset fund represents the net book value of tangible fixed assets after long- term financing from the mortgage, to indicate that those funds are not available for other purposes. The property fund allows for potential major building work. and The general fund represents the balance of unrestricted 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 2024 year the balance of the general fund was £116,978 (2023: £127,097), representing 6.3 months (2023: 5.8 months) of next year's budgeted expenditure.
Cli R IS T CEI LIRCTrI PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD ANNUAL REPORT 2024 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 7 (2023.'7) times during the year with an average attendance of 760/0 (2023.850/0). Standing Committee met 3 times (2023.6) with an average attendance of 1000/0 (2023..930/0) 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 4 subgroups to look at key areas in the life of the church (Regrowing Children's ministry. Raising up new lay leaders; Reinvigorating worship; Welcoming newcomers). 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 2024 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,. Income Property Safeguarding Health and Safety staffing 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, Operating funds are held by our main clearing bank (Lloyds).
Ctri H 11-1 Cliukcii PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD ANNUAL REPORT 2024 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.. select suitable accounting policies and apply them consistently make judgements and estimates that are reasonable and prudent prepare the financial statements on the going concern basis unless it is inappropriate to assume that the activities of the Church will continue as a going concern 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£April 2025 and signed on their behalf by: Richard King Richard King Secretary to the PCC Christ Church Guildford, 23 Waterden Road, Guildford, Surrey GUI 2AZ.
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 2024, 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. Basls of Independent examlner'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 examlner'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. l¥qalcolm Twigger-Ross Malcolm Twigger-Ross FCA 36 Charlock Way Guildford, Surrey GUI IYB I l April 2025
CHiii%'i'LHURLH PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted Restrlcted TOTAL TOTAL Notes Funds Funds Funds FUNDS 2024 2024 2024 2023 INCOMING RESOURCES Voluntary income Income from investments Income from Church activitie5 2(a) 2(b) 2(c) 148,721 6,480 78,033 233,234 6,523 155,244 6,480 78,033 239,757 164,126 864 68,855 233,845 TOTAL INCOMING RESOURCES 6,523 Expenditure before project spend Project expenditure TOTAL RESOURCES EXPENDED (203,720) (31,314) (235,034) (7,788) {211,508) {31,314) 1242,822) (186,412) (7,199) (193,611) (7,788) (Net resources expended) / Net incoming resources 11,800) (1,265) (3,065) 40,234 Balances brought forward at i January 276,338 43,699 320,037 279,803 Balances carried forward at 31 December 274,538 42,434 316,972 320,037 The comparative fund analysis for 2023 is given in note 12. The notes form part of the financial statements.
LHIiiSTCHVIILH PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes FIXED ASSETS Tangible Fixed Assets 171,956 171,956 CURRENT ASSETS Debtors 14,041 186 15,674 5,313 135,000 58,993 214,980 Prepayments Short term deposits Cash at bank 140,791 47,922 202,940 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR (22,376) (22,472) NET CURRENT ASSETS 180,564 192,508 LIABILITIES: AMOUNTS FALLING DUE AFTER ONE YEAR (35,548) (44,427) NET ASSETS 316,972 320,037 FUNDS Unrestricted General fund Designated funds,. Property Fund Available funds Designated funds.. Outward Giving Fund Designated funds.. Fixed Asset Fund Total unrestricted fu nds 116,995 30,000 146,995 127,097 30,000 157,097 127,543 274,538 119,241 276,338 Restricted 42,434 43,699 TOTAL FUNDS 316,972 320,037 The Notes form part of the financial statements. Approved by the Parochial Church Council on L April 2025 and signed on its behalf by: Ivick Williams Chair Nicholas Nicolaou Treasurer
L 11 li I s'r Cli u EiL 11 PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 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)" 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. 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. 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. io
C 11 R I ST CTri ui(L 11 PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 l. 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 FRSIO2. 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 330/0 per annum for computer equipment, and 25010 per annum for other equipment. Current assets Amounts owing to the PCC at 31 December are shown net of any provision for uncollectable amounts. Short-term deposits are cash held on deposit mainly with CCLA CBF Deposit Fund and a small deposit with the Boom Credit Union Fund.
C 11 i( 1 s'r Cli UllL 11 PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Incoming Resources Restricted Funds 2024 TOTAL FUNDS 2024 TOTAL FUNDS 2023 Unrestricted Funds 2024 2.a) Voluntary Income Regular Giving{gift and non-gift aid) Tax recoverable 105,839 28,488 12,829 1,220 107,059 28,488 12,829 116,754 28,405 9,214 One-off donation ( incl tax recovery) Collections & other donations 148,721 1,220 149,941 158,042 Legacies Christmas appeal 148 721 155 244 164 126 2.b) Income from investments Interest on savings 864 2.c) Income from church activities: Other sales Property lettings Hall Property letting Ivor close Property letting 23A Flat Fees (weddings & funerals) 2,087 59,048 2,087 59,048 2,543 51,783 13,200 13,200 9,130 TOTAL INCOMING RESOURCES 233 234 239 757 233 845 12
Cli R I ST L 11 UllL 11 PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Resources Expended Total funds 2023 Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Core Ministry Diocesa n pa rish share Diocesa n other pa rish fees Clergy Expenses Worship leader salary Other ministry costs Loan interest for staff property 99,124 1,578 1,786 99,124 1,578 1,986 97,415 1,504 2,161 200 6,251 6,251 5,867 111 769 200 111 969 108 974 Youth Ministry Salaries Training & other youth expenses Property (church & hall) Utilities (Light & Heat & water) Insurance Cleaning Repairs & maintenance Depreciation 15,096 7,625 9,546 14,307 15,096 7,625 9,546 14,307 15,716 7,325 10,414 13,301 Support and Administration Parish Office sala ry Postage, printing and stationery Telephone & communications Other administration costs 22,630 1,985 1,482 22,630 2,022 1,482 1,690 2,905 1,414 37 37 Total before Mission and Major Projects Mlssion and Outreach Missionary and charitable giving Specific Appeals { restricted fu nd ) 188 835 237 189 072 164 465 14,885 14,885 15,800 TOTAL RESOURCES EXPENDED BEFORE PROJECT SPEND 203 720 211 508 186 412 Property and one-off project spend Church Car Park resurfacing Church house windows, roof and interior Church Boiler Repairs Church Tower Hoops for Ladder Ivor Close works Church House and Ha11 Carpets TOTAL PROJECT EXPENDITURE 14,424 8,895 4,394 2,412 1,189 14,424 8,895 4,394 2,412 1,189 3,554 1,607 2,038 TOTAL RESOURCES EXPENDED 235 034 242 822 193 611 13
L 11 11 I ST CFI UHL EI PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Staff Costs 2024 2023 Wages & Salaries 2024 2023 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) 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 2024. The following amounts were reimbursed to clergy members of the PCC during the year in respect of costs incurred on behalf of the PCC. 2024 2023 Revd. Nick Williams Revd Joel Wilmer 1,736 200 1,824 301 1,936 2,125 Apart from the above, no member received any reimbursement of expenses or remuneration from the PCC. Total giving by PCC members was £42,362 in the year ended 31 December 2024 (2023,, £42,490). Tangible Fixed Assets Freehold Land & Buildlngs Equlpment Total Cost At l January 2024 Addition5 At 31 December 2024 311,926 14,881 326,807 311 926 326 807 Depreciation At l January 2024 Charge for the year At 3 1 December 2024 139,970 14,881 154,851 139 970 154 851 Net Book Value At 31 December 2024 171 956 171 956 At 31 December 2023 171 956 171 956 14
C 11 li 1 ST C 14 UIIL 11 PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 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. Debtors 2024 2023 Tax Recoverable on gifts (Q4 claim) other debtor - Rental Income other debtor - Interest Income 6,034 6,397 1,553 57 5,931 5,060 864 other debtor- Christmas appeal Prepayments 3,819 186 Llabilities: Amounts falling due within one year 2024 2023 Mortgage due within one year Accruals- giving including Christmas appeal Accruals 8,865 5,303 8,288 6,084 Accruals for giving at 31 December 2024 comprises £5,303 for the 2024 Christmas appeal. Liabilities: Amounts falling due after one year 2024 2023 Mortgage balance brought forward Less., Repayments in the year Mortgage balance carried forward 52,715 61,689 Due within one year (included within note 8) Due after one year 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 additionallyi is supported by a guarantee provided by Guildford Diocesan Board of Finance. 15
CliKIsTCtlURLII PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Fund Details At31 December 2023 At31 December 2024 Income Expenditure Transfers Unrestricted Funds General Fund 127,097 233,234 1235,0341 {8,3021 116,995 Desi nated funds Property Fund Fixed Asset Fund (net of mortgage outstanding) 30,000 30,000 119,241 8,302 127,543 Total Designated Funds Total unrestricted funds 149,241 276 338 8,302 157,543 274 538 233 234 235 034 Restricted Funds Vison/Audio Church organ Prayer Books Environmental Youth, childrens & families worker Youth worker Canterbury Care Centre Vicar's d iscretionary f u nd Restricted Gift Defibrillator Gift ABC Funds Ukraine Appeal Mulberry House Christmas appeal Total restricted funds 521 261 500 521 224 500 (37) 14,375 18,750 313 3,456 500 14,375 18,750 313 3,256 500 1,200 2,492 (200) 1,200 2,492 2,200 331 {2,2001 (48) 20 303 Total Funds 320 037 239 757 242 822 316 972 Designated funds are set up for the following purposes: The property fund represents amounts set aside to meet future significant building repairs and renewals. The fixed asset fu nd represents the net book value of tang ible fixed assets after the mortgage financing, to indicate that those funds are not available for other purposes. Restricted funds are shown by the main purpose for which the funds were donated. Funds transfer of £970 to the Ukraine appeal was to reclass 2022 miscoded funds. 10. Analysis of net assets by fund Unrestricted Funds Restricted Funds TOTAL Fixed Assets Current Assets Current Liabilities Liabilities due after one year Fund Balance 171,956 160,506 (22,376> 171,956 202,940 (22,376) 42,434 274 538 316 972 16
L 11 R I bT C 11 U KL 11 PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ii. Missionary & Charity giving and Christmas appeal 2024 2023 International Iranian Church in Exile (CMS) FAMadagascar Wycliffe Bible Translators Transform Burkina 1,000 1,000 2,000 1,000 2,000 National Church Pastoral Aid Society Count Everyone In U niversity Christian Unions (UCCF) 1,000 1,000 1,000 1,000 Local Christians Against Poverty Guildford Besom Guildford Town Centre Chaplaincy and Street Angels Mulberry House No, 5 (Guildford homeless trust) Gu ildford Action The Matrix Trust Simeon Trustees North Guildford Food bank 1,000 1,500 1,000 500 500 500 2,000 200 85 1,000 1,500 1,000 500 500 500 2,000 200 Seed Corn Fund Total before Specific appeals 600 600 Ukraine Support Christmas Appeal 2024 The Nazareth Way Christmas Appeal 2024 Anglican International Development Christmas Appeal 2023 - FAMadagascar Christmas Appeal 2023 -Christians against poverty Mulberry House Total Christmas appeal 2,200 2,652 2,651 63 3,042 3,042 48 Total Missionary & Charitable Giving and Christmas appeal 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. 17
L 11 li I ST CTri u RL 11 PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 12. PRIOR YEAR (2022) STATEMENT OF FINANCIAL ACTIVITIES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restrlcted TOTAL TOTAL Notes Funds Funds Funds FUNDS 2023 2023 2023 2022 INCOMING RESOURCES Voluntary income Income from investments 2{a) 2(bl 2(c) 156,711 864 7,415 164,126 864 241,311 Income from Church activities TOTAL INCOMING RESOURCES 68,855 68,855 63,879 226,430 7,415 233,845 305, 190 Expenditure before project spend Project expenditure TOTAL RESOURCES EXPENDED {179,265) (7,147) {186,412) {7,199) (215,498) (28,806) (7,199) 1186,464) (7,147) (193,611) (244,304) Net incoming resources 39,966 268 40,234 60,886 Balances brought forward at I January 237,342 42,461 279,803 218,917 Balances carried forward at 31 December 277,308 42,729 320,037 279,803 18
PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Prior year (2023) Fund Details Fund Details At31 December 2022 At31 December 2023 Income Expendlture Transfers Unrestricted Funds General Fund 97,075 226,430 1186,4641 19,944 127,097 Desi nated funds Property Fund Fixed Asset Fund (net of mortgage outstanding) 30,000 110,267 30,000 119,241 8,974 Total Designated Funds 140,267 8,974 149,241 Total unrestricted funds 237 342 226 430 186 464 970 276 338 Restricted Funds Vison/Audio Church organ Prayer Books Environmental Youth, childrens & families worker Youth worker Canterbury Care Centre Vicar's discretionary fu nd Restricted Gift Energy Grant ABC Funds Ukraine Appeal Mulberry House Christmas appeal Total restricted funds 521 261 500 521 261 500 14,375 18,750 313 3,456 500 14,375 18,750 313 3,456 500 1,000 (1,000) 2,492 1,293 2,492 2,200 331 (63) 970 331 42,461 7,415 (7,147) 970 43,699 Total Funds 279 803 233 845 193 611 320 037 19
CHRISTCHURCH PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH, GUILDFORD PAROCHIAL CHURCH COUNCIL MEMBERSHIP FOR THE YEAR ENDED 31 DECEMBER 2024 Vicar Rev Nick Williams Clergy Joel Wilmer (Curate) Church Warden Sallie Garrood Fiona McGowan Other Parochial Church Council members Richard Algeo (from 21.04.2024) Ros Barham (from 21.04,2024) David Brown Ray Bell Colin Griffin Jules Hall Jeremy Hoar Stephen Hofmeyr Jill Holliday Richard King Nick Nicolaou Adekunle Oyewumi (to 17.04.2024) Jack Tian (from 21.04.20241 Rosamund Unwin (from 21.04.2024) Linda Warner Elisabeth Willis Nigel Wright {PCC Secretary) (Treasurer) PCC and Synod Representatives Richard Algeo Colin Griffin Sallie Garood Stephen Hofmeyr (Deanery Synod Representative from 21.04.2024) (Deanery Syiiod Representative to 21.04.2024) (Deanery Synod Representative from 21.04.2024) (Diocesan Synod Representative) 20