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2021-12-31-accounts

Charity number: 1132845

Christ Church Brixton Road

(A Parochial Church Council registered as a charity, number: 1132845)

Financial Statements

and

Trustees' Report

for the year ended 31 December 2021

Independent Examiner Anthony Armstrong FCA Armstrong & Co Chartered Accountants & Statutory Auditors Unit 4A Printing House Yard London E2 7PR

Document Ref: BIYTT-KVPWM-XTRTR-PGVRQ

Page 1 of 19

(A Parochial Church Council registered as a charity, number: 1132845)

Index to the Financial Statements for the year ended 31 December 2021

AT Christ Church Brixton Road

Page
Index to the Financial Statements 2
Trustees' Report 3 - 6
Statement of Trustees' Responsibilities 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Statement of Cash Flows 11
Accounting Policies 12 - 13
Notes to the Accounts 14 - 19

Page 2

Document Ref: BIYTT-KVPWM-XTRTR-PGVRQ

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(A Parochial Church Council registered as a charity, number: 1132845)

AT Christ Church Brixton Road

Trustees' Report for the year ended 31 December 2021

The Trustees of Christ Church Brixton Road present their report together with the financial statements for the year ended 31 December 2021.

Aim and Purpose

The Parochial Church Council of Christ Church Brixton Road 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 is also specifically responsible for maintenance of the church buildings of Christ Church, Brixton Road, London SW9.

Objects and Activities

The PCC is committed to developing the role of Christ Church in the local community and to enabling as many people as possible to worship at our church, become part of our parish community and use the buildings in our care.

We have considered the Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular we try to enable ordinary people to live out their faith as part of our parish community. Our vision for how we aim to do this is summed up in our mission statement:

We see ourselves as ‘a church for everyone’ and aim to ensure that everyone who attends any of our services or activities is welcomed and enables to engage with all that we do if they so wish; Christ Church is affiliated to ‘Inclusive Church’.

In 2019 the PCC approved a Mission Action Plan (MAP) designed to reflect and embody the Mission (Purpose) Statement agreed in 2018.

Safeguarding and Safety

The PCC has a responsibility to ensure the adequate safeguarding of children and vulnerable adults who are present at any of our services and activities, or who visit our church site, and indeed to ensure the general safety of everyone who uses the building or engages with the church’s ministry. Training in safeguarding is an important element in ensuring that our policy in implemented and this year the PCC received appropriate training in this regard. The Safeguarding Policies were also reviewed and PCC is grateful to Ms Julie Green for her work as Parish Safeguarding Officer. There were no safeguarding incidents to report. The PCC also maintains and implements policies relating to GDPR, Health and Safety, Fire Safety, and carries out regular general and activity specific Risk Assessments. During 2021 the building continued to be COVID safe when open and all government guidelines were followed.

Achievements and performance

Much of 2021 was spent in lockdown, this significantly impacted the work of the church and our partners.

We operated without an incumbent for the whole year and again express our great thanks to Rev Richard Lloyd-Morgan, who has covered most of our Sundays, and Rev Caroline Clarke, our Area Dean who have both supported us as a church family. Also to Ven Simon Gates and Romana Nelson who have helped us navigate our obligations with the Diocese and supported us with the next steps for Christ Church Brixton Road.

During the lockdown we broadcast, via Facebook, Sunday services from the Church depending on the restrictions. When lockdown restrictions allowed we resumed in person services.

During Lent 2021, we took part in the Passion Trail with other churches in Lambeth North where we represented the Station of the Cross of Jesus Falls for the Second Time, asking church and community members to share their experiences during the last year we created a quiet space for people to reflect and pray about their own struggles.

John Webster continued to support us as organist and we are grateful to have the consistency of his playing, and welcome him to the church family.

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Document Ref: BIYTT-KVPWM-XTRTR-PGVRQ

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(A Parochial Church Council registered as a charity, number: 1132845)

AT Christ Church Brixton Road

Trustees' Report for the year ended 31 December 2021

We were informed by the Diocese of Southwark that it would not be possible for us to have an incumbent vicar due to financial shortages. Following a lengthy process of meetings and discussions it was decided that Fr Hugo Adán Fernández would be appointed as Priest in Charge, whilst remaining as Rector of St Matthews Elephant and Castle. We would also have a curate living in the vicarage and present in the local community. Fr Hugo will be licensed at the end of May 2022.

The remaining members have continued to meet where that has been possible, and have been supported by the Society of the Holy Trinity of which we are members. Murray Gove will return in 2022 as he returns to his studies in London. This will mean we have five members, including two residential. It is hoped that this will grow in the future.

The Café van Gogh, run in partnership with Raw Ingredients CiC (Community Interest Company) as a vegan cafe, has also had a challenging year. When possible the café opened, complying with government restrictions and contact tracing. For those months when that was not possible the PCC only charged the café a peppercorn rent.

From September Miina the bridal wear company were able to increase their monthly rent from the peppercorn rent of £50 a month to £200 a month.

Lambeth Orchestra was also able to resume hiring the church on a weekly basis from May 2021.

Our primary school, ‘Christ Church Primary SW9’ as part of the SW9 Partnership, also had a challenging year, having to accommodate changing government restrictions. The school harvest service was celebrated at the church which was wonderful, however the Christmas service had to be cancelled due to rising cases.

The ‘Food Cupboard’, opened when possible, sadly we could not allow the visitors to come in to the church, have tea and sandwiches, and select the food items as they would in ‘normal’ times. Instead prepacked bags of food have been handed out. The PCC are also grateful to the parishes which supply us with food; some just at harvest time, others at harvest and at other times throughout the year, and through financial donations. It is only because of the generosity of these parishes that the Food Cupboard was again able to distribute food throughout the year.

Likewise, when lockdown restrictions allowed, the Charity Shop volunteers enabled the shop and the church to be open on weekdays throughout the year, providing a valuable service to the local community and raising funds to be used to facilitate work with children and older people. This also enabled to church to be open for private prayer during the week, when in person services were not allowed.

Marcel Berg worked as church administrator until May 2021 and then Angel Okore took over working until the present time.

Financial Review

The results of the last year and the financial position of Christ Church are shown in the annexed financial statements.

The Statement of Financial Activities shows net incoming resources for the year £789 and reserves of £66,886. The PCC will strive to always maintain adequate financial reserves. This year we were able again to meet our pledge to the Southwark Diocesan Parish Support Fund despite a significant drop in our income.

During a year where our income sources were significantly reduced we were able to meet our commitments thanks to the donations from Church Halls Trust and Honeydawn Ltd.

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Document Ref: BIYTT-KVPWM-XTRTR-PGVRQ

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(A Parochial Church Council registered as a charity, number: 1132845)

AT Christ Church Brixton Road

Trustees' Report for the year ended 31 December 2021

Tangible fixed assets for use by the charity.

Fixed assets are set out in Notes 9 and 10 to the accounts.

Consolidated Accounts

Consolidated financial statements (group accounts) are not required in respect of the PCC and its wholly owned subsidiary.

Independent Examiner's Report

The Independent Examiner, Anthony Armstrong FCA of Armstrong & Co, has indicated his willingness to be proposed for reappointment.

Public Benefit

Christ Church Brixton Road benefits the public by way of: regular worship that is open to all, the provision of sacred space for personal prayer and contemplation, pastoral work (including the visiting of the sick and the bereaved), teaching Christianity through sermons, courses and small groups, taking school assemblies, promoting the whole mission of the church through its assistance to older people, parents and children, and supporting charities in the UK and overseas.

Volunteers

The worship and ministry of Christ Church is dependent on the volunteers who work and give their time freely, to keep the church functioning. Our particular thanks are due to Liz Waldy who served as our Churchwarden, and to those who served on the PCC. We are also grateful to all those who shared in facilitating our corporate worship. As previously mentioned, it is also the work of volunteers that allows both the Charity Shop and the weekly ‘Food Cupboard’ to operate, and the PCC is very grateful for all this support. Carmen Brooks-Johnson continued in her role as Southwark Pastoral Assistant supporting church members who cannot attending and providing home visits, and communion.

Structure, governance and management

The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure, The PCC is a Registered Charity, and the PCC members are Charity Trustees.

The method of appointment of PCC members is set out in the Church Representation Rules. At Christ Church the membership of the PCC consists of the incumbent (our vicar), churchwardens, and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services / members of the congregation are encouraged to register on the electoral roll and stand for election to the PCC if they wish. The Electoral Roll at the end of the year stood at 61.

The PCC are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. The PCC largely met via Zoom during 2021. This was unfortunate and meant that some PCC members did not attend meetings.

The PCC met 5 times during the year, mostly on Zoom. The PCC did not operate any committees or working parties this year with the exception of the Standing Committee, and this committee did not meet. (The Standing Committee is the only committee required by law. It has power to transact the business of the PCC between its meetings, subject to the approval of the Council.)

The PCC has connections with one charity: The Christ Church Brixton Road Church Halls Trust, constituted by trust deed, charity number 802522, registered at 90 Brixton Road, London SW9 6BE.

Administrative Information

Christ Church Brixton Road is situated on Brixton Road in the London Borough of Lambeth. It is part of the Diocese of Southwark within the Church of England. Registered Charity number: 1132845.

The contact details are:

Parish Office Christ Church 90 Brixton Road London SW9 6BE

Telephone number : 020 7587 0375 Email: admin@christchurchbr.org.uk Website: www.christchurchbr.org.uk

Page 5

Document Ref: BIYTT-KVPWM-XTRTR-PGVRQ

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AT Christ Church Brixton Road

(A Parochial Church Council registered as a charity, number: 1132845)

Trustees' Report for the year ended 31 December 2021

Members of the Parochial Church Council (PCC) who have served at any time from 1 January 2021 until the date this report was approved are:

Ex Officio members: Incumbent: Vacant Churchwardens: Liz Waldy PCC Members (Elected): Cyril Ashley, representative on Deanery Synod Carmen Brooks-Johnson, representative on Deanery Synod Folashade Stephens Cynthia Deen Kathie Goddard Charlotte Murega - did not stand for re-election in May 2021 Pam Okore Eunice Williams - did not stand for re-election in May 2021 Paulette Williams Julie Green Christina Asafu-Adjaye - co-opted in May 2021

In the absence of an elected Treasurer the churchwardens served as Treasurer by default.

The financial statements were approved by the PCC on 14 July 2022 and signed on its behalf by:

Liz Waldy Trustee, Churchwarden

Page 6

Document Ref: BIYTT-KVPWM-XTRTR-PGVRQ

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(A Parochial Church Council registered as a charity, number: 1132845)

AT Christ Church Brixton Road

Statement of Trustees' Responsibilities for the year ended 31 December 2021

Statement of trustees' responsibilities

Charity law in England and Wales requires the PCC 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 incoming resources and application of resources of the charity for that period. In preparing these financial statements, the PCC are required to:

The PCC is responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the governing document. The PCC is 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.

Page 7

Document Ref: BIYTT-KVPWM-XTRTR-PGVRQ

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(A Parochial Church Council registered as a charity, number: 1132845)

AT Christ Church Brixton Road

Independent Examiner's Report to the Parochial Church Council of Christ Church Brixton Road

I report on the accounts of Christ Church Brixton Road for the period from 1 January 2021 to 31 December 2021 set out on pages 9 to 19. My report is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 ('the Regulations') and the Charities Act 2011 ( 'the 2011 Act' ).

This report is made solely to the charity's trustees as a body in accordance with section 145 of the 2011 Act and regulations made under section 154 of that Act. 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 independent 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's trustees as a body, for my examination, for this report, or for the opinions I have formed.

Respective responsibilities of members of the trustees and the examiner

As described on page 7, the charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the 2011 Act and that an independent examination is needed. The charity is preparing accrued accounts.

It is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. 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 no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the next statement.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

I 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.

Anthony Armstrong FCA of Armstrong & Co Chartered Accountants & Statutory Auditor

4a Printing House Yard Hackney Road London E2 7PR

14 July 2022

Page 8

Document Ref: BIYTT-KVPWM-XTRTR-PGVRQ

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(A Parochial Church Council registered as a charity, number: 1132845)

Christ Church Brixton Road

Statement of Financial Activities for the year ended 31 December 2021

Notes
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net income(expenditure) and movement in
funds
Transfers between funds
19
Net movement in funds
Reconciliation of funds:
Total funds brought forward
15
Total funds carried forward
15		 2021
2020
Total Funds
Total Funds
£
£
49,961
100,371
151
1,509
22,759
20,535
3
29
72,874
122,444
90,536
121,655
90,536
121,655
(17,662)
789
-
-
(17,662)
789
66,886
66,097
49,224
66,886
Unrestricted
~~Funds~~		 Restricted
~~Funds~~		 Endowment
~~Funds~~
£
40,271
(49)
22,759
3		 £
9,690
200
-
-		 £
-
-
-
-
62,984 9,890 -
83,944 6,592 -
83,944 6,592 -
(20,960)
2,160		 3,298
(2,160)		 -
-
(18,800)
18,993		 1,138
47,893		 -
-
193 49,031 -

The accompanying accounting policies and notes form an integral part of these financial statements.

Page 9

Document Ref: BIYTT-KVPWM-XTRTR-PGVRQ

Page 9 of 19

(A Parochial Church Council registered as a charity, number: 1132845)

Christ Church Brixton Road

Balance Sheet

as at 31 December 2021

Notes
Fixed assets:
Tangible assets
9
Investments
10
Total fixed assets
Current assets:
Debtors
12
Cash at bank and In hand
13
Total current assets
14
Net current assets or liabilities
Total net assets
The funds of the charity:
Restricted funds
17
Unrestricted funds
Total charity funds
15
Creditors: amounts falling due within one year		 £
£
£
£
8,867
11,347
2
2
8,869
11,349
845
-
41,252
68,619
42,097
68,619
1,742
13,082
40,355
55,537
49,224
66,886
49,031
47,893
193
18,993
49,224
66,886
31 December 2021
31 December 2020		 £
£
£
£
8,867
11,347
2
2
8,869
11,349
845
-
41,252
68,619
42,097
68,619
1,742
13,082
40,355
55,537
49,224
66,886
49,031
47,893
193
18,993
49,224
66,886
31 December 2021
31 December 2020
£
845
41,252
42,097
1,742		 £
11,347
2
11,349
55,537
66,886
47,893
18,993
66,886

Approved by the PCC on 14 July 2022 and signed on their behalf by:

Liz Waldy Trustee, Churchwarden

The notes on pages 12 to 19 form part of these accounts.

Page 10

Document Ref: BIYTT-KVPWM-XTRTR-PGVRQ

Page 10 of 19

(A Parochial Church Council registered as a charity, number: 1132845)

Christ Church Brixton Road

Statement of Cash Flows for the year ended 31 December 2021

Notes
Cash flows from operating activities:
Net cash provided by (used in) operating activities
1
Cash flows from investing activities:
Dividends, interest and rents from investments
Net cash provided by (used in) investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
2
Cash and cash equivalents at the end of the reporting period
2
Notes to the Cash Flow Statement
1)
Adjustments for:
Depreciation charges
Dividends, interest and rents from investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by (used in) operating activities
2) Analysis of cash and cash equivalents
Cash in hand
Total cash and cash equivalents
Reconciliation of net income/(expenditure) to net cash flow from
operating activities
Net income/(expenditure) for the reporting period (as per the statement of financial
activities)		 2021
£
(27,371)
3
3
(27,368)
68,620
41,252
2021
£
(17,662)
2,478
(3)
(845)
(11,340)
(27,371)
2021
£
41,252
41,252		 2020
£
26,668
29
29
26,697
41,923
68,620
2020
£
789
4,025
(29)
10,000
11,885
26,668
2020
£
68,620
68,620

Page 11

Document Ref: BIYTT-KVPWM-XTRTR-PGVRQ

Page 11 of 19

(A Parochial Church Council registered as a charity, number: 1132845)

Christ Church Brixton Road

Accounting Policies for the year ended 31 December 2021

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with:

Group accounts

In accordance with section 139(2) of the Charities Act 2011, the charity is not required to prepare consolidated financial statements.

Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

Going concern

There are no material uncertainties about the charity's ability to continue operating and accordingly the accounts have been prepared on a going concern basis.

Income recognition

Voluntary income and donations (including legacies) are accounted for once the PCC has entitlement to the income, it is probable the income will be received and the amount of income receivable can be reliably measured. Income from the recovery of tax on gift aided donations is accounted for in the period in which the tax reclaim is submitted to HMRC. Grant income is recognised on a receivable basis.

The income from trading activities includes rental income from the letting of church premises, which is accounted for when earned. It is shown gross, with the associated costs included in raising funds costs.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Expenditure recognition

Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. Longer term liabilities are discounted to present value. The PCC is not registered for VAT and accordingly expenditure includes VAT where appropriate.

Expenditure included in Raising Funds includes amounts incurred in obtaining grants and other donations and property maintenance costs.

Charitable expenditure includes those costs in fulfilling the PCC’s principal objects, as outlined in the Report of the PCC. These include grants payable, governance costs and an apportionment of support costs.

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Document Ref: BIYTT-KVPWM-XTRTR-PGVRQ

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(A Parochial Church Council registered as a charity, number: 1132845)

Christ Church Brixton Road

Accounting Policies for the year ended 31 December 2021

Restricted Funds

Restricted funds are to be used for specified purposes as laid down by the funder. Direct and support expenditure which meets these criteria are identified to the fund together with a fair allocation of other costs.

Unrestricted Funds

Unrestricted funds are funds received which have no restrictions placed on their use and are available as general funds.

Designated Funds

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Tangible Fixed Assets

Consecrated Property and Moveable Church Furnishings

Consecrated land and benefice property such as the church building and vicarage is excluded from the accounts in accordance with s10 of the Charities Act 2011. Moveable church contents are held by the vicar and churchwardens on special trust for the PCC and require a faculty for disposal are accounted as inalienable property unless consecrated. All expenditure incurred on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is expensed within the Statement of Financial Activities.

Other fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture & fixture - 10% on cost
Office equipment - 33% on cost
Music equipment - 5-10% on cost

Items of equipment are only capitalised where the purchase price exceeds £200.

Investments

Investments are shown in the balance sheet at closing market value. Surpluses or deficits on valuation are credited or charged to the SOFA.

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(A Parochial Church Council registered as a charity, number: 1132845)

F Christ Church Brixton Road

Notes to the Accounts for the year ended 31 December 2021

1 Incoming resources

The incoming resources and surplus are attributable to the principal activities of the charity.

2 Net outgoing resources
Net outgoing resources
Net outgoing resources are stated after charging:
Independent Examiners fees - Independent Examination services
Depreciation - owned assets
Trustees' emoluments		 2021
£
1,200
2,480
-		 2020
£
1,200
4,025
-

Trustees' emoluments

Emoluments include salaries, fees, bonuses, expense allowances and estimated non-cash benefits receivable. All trustees serve in a voluntary capacity and do not receive payment for their services.

3
Donations and legacies
Standing orders
Envelope giving
Loose giving
One-off gift aid donations
Donations & appeals
Recurring grants (Christ Church Brixton Road Halls Trust)
Non-recurring one-off grant
CJRS Grants		 Unrestricted
£
1,412
4,384
2,484
90
1,901
30,000
-
-
40,271		 Restricted
£
-
-
-
-
7,800
-
-
1,890
9,690		 2021
2020
Total
Total
£
£
1,412
1,996
4,384
4,862
2,484
3,331
90
130
9,701
9,723
30,000
71,414
-
8,000
1,890
915
49,961
100,371
4
Charitable activities
Weddings, funerals & certificates
Food cupboard
5
Other trading activities
Church lettings
Charity shop - Honeydawn Limited
Christmas Fair
Café letting & service charge
6
Investments
Bank interest received		 Unrestricted
£
(49)
-
(49)
Unrestricted
£
2,600
9,600
-
10,559
22,759
Unrestricted
£
3
3		 Restricted
£
-
200
200
Restricted
£
-
-
-
-
-
Restricted
£
-
-		 2021
Total
£
(49)
200
151
2021
Total
£
2,600
9,600
-
10,559
22,759
2021
Total
£
3
3		 2020
Total
£
271
1,238
1,509
2020
Total
£
5,120
9,600
5
5,810
20,535
2020
Total
£
29
29

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Document Ref: BIYTT-KVPWM-XTRTR-PGVRQ

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(A Parochial Church Council registered as a charity, number: 1132845)

F Christ Church Brixton Road

Notes to the Accounts

for the year ended 31 December 2021

7
Charitable activities
Charitable/Donations giving
Upkeep of services - general
Upkeep of services - music
Food Cupboard expenditure
Insurance
Heat & light
Repairs & maintenance
Hospitality
Parish Support Fund
Printing & photocopying
Parish training & mission
Telephone
Cleaning
Sundry expenses
Bank charges
Admin honorarium
Depreciation
Staff costs
Independent Examiner's fees
8
Staff costs
Staff salaries
Staff pensions
Average number of employees during the year was:		 Unrestricted
£
250
3,200
3,317
-
5,911
6,117
10,490
353
29,000
1,020
-
3,490
4,274
-
18
-
1,509
13,795
1,200
83,944		 Restricted
£
-
159
-
1,778
-
1,643
(52)
204
-
-
-
-
-
-
-
-
970
1,890
-
6,592		 2021
Total
£
250
3,359
3,317
1,778
5,911
7,760
10,438
557
29,000
1,020
-
3,490
4,274
-
18
-
2,479
15,685
1,200
90,536
2021
£
15,543
143
15,685
1		 2020
Total
£
1,089
1,551
1,947
1,296
5,322
7,087
46,559
793
29,000
3,063
480
4,264
2,873
175
65
3,378
4,025
7,488
1,200
121,655
2020
£
7,359
129
7,488
-

No remuneration was paid to any Trustee or their associates for services as a trustee during the year ended 31 December 2021 nor to 31 December 2020.

9
Tangible fixed assets
Tangible 1
Tangible 2
£
£
Cost
As at 1 January 2021
-
-
As at 31 December 2021
-
-
Depreciation
As at 1 January 2021
-
-
Charge for the year
-
-
As at 31 December 2021
-
-
Net book value
As at 31 December 2021
-
-
As at 31 December 2020
-
-		 Furniture &
fixture
£
26,553
26,553
16,569
1,117
17,686
8,867
9,984		 Office
equipment
£
17,980
17,980
17,588
392
17,980
-
392		 Music
equipment
£
68,036
68,036
67,065
971
68,036
-
971		 Total
£
112,569
112,569
101,222
2,480
103,702
8,867
11,347

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Document Ref: BIYTT-KVPWM-XTRTR-PGVRQ

Page 15 of 19

(A Parochial Church Council registered as a charity, number: 1132845)

F Christ Church Brixton Road

Notes to the Accounts

for the year ended 31 December 2021
Investments
#N/A
£
Market value
As at 1 January 2021
-
As at 31 December 2021
-		 Investments
£
2
2		 Total
£
2
2
Investments The investment relates to 100% of the share capital in Honeydawn Limited (Company
number: 2883916), a company set up to generate income for the Church. The shares are
held by Liz Waldy as nominee for the PCC.

10 Investments

11 Investments in subsidiary

Based on the draft accounts at 31 December 2021, the profit and loss account showed a deficit for the year of £2,249 (2020: deficit of £12,969). The aggregate share capital and reserves of Honeydawn Limited amounted to a surplus of £8,412 (2020: surplus of £10,661).

12
13
14
**15 **		 Balance sheet at 31 December:
Profit and loss account
Debtors: amounts falling due within one year
Accrued income
Bank and cash in hand
CAF Current Account
CAF Gold Account - Appeal
CAF Gold Account - Community
Petty cash
Creditors: amounts falling due within one year
Other creditors
PAYE/NI Control Account
Pensions control
Accruals
The funds of the charity: current year
Opening
balance
Resources
arising
Resources
utilised
£
£
£
Restricted funds
Turnover
Cost of sales
Gross profit
Administration expenses
Retained profit/(loss) carried forward
Interest receivable
Net profit/(loss) for year
Retained profit/(loss) brought forward
Current liabilities: due within one year
Retained profits
Represented by:
Share capital
The results of Honeydawn Limited are shown below:
Current assets		 2021
£
9,061
9,061
(649)
8,412
2
8,410
8,412
8,293
(277)
8,016
(10,269)
4		 2020
£
11,312
11,312
(651)
10,661
2
10,659
10,661
8,627
(284)
8,343
(21,352)
40
(2,249)
10,659
8,410
2021
£
845
845
2021
£
17,804
11,067
12,331
50
41,252
2021
£
-
61
-
1,681
1,742
Other
movements
£		 (12,969)
23,628
10,659
2020
£
-
-
2020
£
23,174
11,066
34,329
50
68,619
2020
£
11,116
467
300
1,199
13,082
Closing
balance
£

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Document Ref: BIYTT-KVPWM-XTRTR-PGVRQ

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(A Parochial Church Council registered as a charity, number: 1132845)

F Christ Church Brixton Road

Notes to the Accounts

for the year ended 31 December 2021

16
17
**18 **		 Restricted income funds
Unrestricted funds
General funds
The funds of the charity: prior year
Restricted funds
Restricted income funds
Unrestricted funds
General funds
Restricted funds: current year
Building Appeal
Food Cupboard
Youth & Educational Fund
Church Commissioners Mission Fund
Community of Christ the Servant Fund
Community Fund
Coronavirus Job Retention Scheme (CJRS)
Restricted funds: prior year
Building Appeal
Food Cupboard
Youth & Educational Fund
Church Commissioners Mission Fund
Repairs fund
Community Fund
Coronavirus Job Retention Scheme (CJRS)		 47,893
18,993
66,886
Opening
balance
£
47,312
18,785
66,097
Opening
balance
£
21,975
5,201
18
300
4,277
16,122
-
47,893
Opening
balance
£
24,269
4,515
18
300
-
18,210
-
47,312		 9,890
62,984
72,874
Resources
arising
£
7,194
115,250
122,444
Incoming
resources
£
-
600
-
-
7,400
-
1,890
9,890
Incoming
resources
£
-
1,982
-
-
4,277
20
915
7,194		 (6,592)
(83,944)
(90,536)
Resources
utilised
£
(6,613)
(115,042)
(121,655)
Resources
expended
£
970
1,778
-
-
1,954
-
1,890
6,592
Resources
expended
£
2,293
1,296
-
-
-
2,108
915
6,613		 (2,160)
2,160
-
Other
movements
£
-
-
-
Transfers &
adjustments
£
-
-
-
-
(2,160)
-
-
(2,160)
Transfers &
adjustments
£
-
-
-
-
-
-
-
-		 49,031
193
49,224
Closing
balance
£
47,893
18,993
66,886
Closing
balance
£
21,005
4,023
18
300
7,563
16,122
-
49,031
Closing
balance
£
21,976
5,201
18
300
4,277
16,122
-
47,893

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Document Ref: BIYTT-KVPWM-XTRTR-PGVRQ

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(A Parochial Church Council registered as a charity, number: 1132845)

F Christ Church Brixton Road

Notes to the Accounts

for the year ended 31 December 2021

Restricted funds (continued)

Projects financed by restricted funds are supported by unrestricted funding where necessary. This occurs where the funding is in arrears or the incidence of expenditure on the project occurs disproportionately at the beginning of the project compared to the income flows. Where restricted projects end the year with a deficit, this is met by after year-end restricted income or transfers from unrestricted funds.

from unrestricted funds.
Building Appeal Used for funds specifically raised to pay for the repairs and improvements needed to the
fabric of the Church buildings.
Food Cupboard
Used toprovide food assistance to the needy.
Youth & Educational Fund Used for Youth & SundaySchool Provision.
Organ Fund This represents the restricted element of the cost of the new organ purchased in 2008. The
cost was capitalised and is being depreciated over 10 years from 2008. The amount of
restricted resources expended represents the depreciation charge.
Church Commissioners Mission
Fund		 Used for activities in connection with churches mission to the Parish of Christ Church,
Brixton Road.
Community of Christ the Servant
Fund
Donations made by residential members of the community to offset the costs of running the
community,maintainingthe communityhouse and the wider work of the church.
Community Fund Used to hold donations from Honeydawn Limited to be spent on facilitating work with
children or adults in the congregation orparish.
Coronavirus Job Retention
Scheme (CJRS)		 The CJRS was introduced to help employers who cannot maintain their current workforce
because their operations are affected by the COVID-19 outbreak. The amount relates to the
furlough claims made to HMRC during the year. All the amounts received from the claims
have been paid to the employees who the claims relate to.
19 Transfers between funds: current year
Restricted to general		 General
funds
2,160
2,160		 Designated
funds
-		 Restricted
funds
(2,160)
(2,160)		 Endowment
funds
-		 Total
-
-

During the year the Community of Christ the Servant Fund made contributions to the church to cover operating costs incurred on their behalf.

20 Net assets attributable to funds: current year
Tangible fixed assets
Current assets
Current liabilities
Net assets represented by funds
21 Net assets attributable to funds: prior year
Tangible fixed assets
Current assets
Current liabilities
Net assets represented by funds		 General
funds
8,869
(6,934)
(1,742)
193
General
funds
11,349
20,727
(13,083)
18,993		 Designated
funds
£
-
-
-
-
Designated
funds
£
-
-
-
-		 Restricted
funds
£
-
49,031
-
49,031
Restricted
funds
£
-
47,893
-
47,893		 Endowment
funds
£
-
-
-
-
Endowment
funds
£
-
-
-
-		 Total
£
8,869
42,097
(1,742)
49,224
Total
£
11,349
68,620
(13,083)
66,886

22 Taxation

The PCC is a registered charity. Accordingly, it is exempt from taxation in respect of income and capital gains to the extent that these are applied to its charitable objects.

23 Post balance sheet events

There were no significant post balance sheet events.

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Document Ref: BIYTT-KVPWM-XTRTR-PGVRQ

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F Christ Church Brixton Road

(A Parochial Church Council registered as a charity, number: 1132845)

Notes to the Accounts

for the year ended 31 December 2021

24 Pension commitments

The charity contributes to both employee defined contribution (DC) stakeholder pension and employee defined benefit (DB) schemes. The assets of the schemes are held separately from those of the charity in independently administered funds.

The unpaid contributions outstanding at the year end were:

£

2021 2020 - £ 300

25 Other financial commitments

At 31 December 2021, the PCC had total commitments under non-cancellable operating leases over the remaining life of those leases of £5,620 (2020: £5,620).

26 Contingent liabilities

The charity had no material contingent liabilities at 31 December 2021 nor at 31 December 2020.

27 Related parties

During the year the members of the PCC and their related parties made aggregate donations of £1,949 (2020: £2,824).

28 Gifts in kind and volunteers

During the year the charity benefited from unpaid work performed by volunteers.

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Document Ref: BIYTT-KVPWM-XTRTR-PGVRQ

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