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2022-12-31-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 2022

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

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

Index to the Financial Statements for the year ended 31 December 2022

AT Christ Church Brixton Road

Page
Index to the Financial Statements 2
Trustees' Report 3 - 5
Statement of Trustees' Responsibilities 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Statement of Cash Flows 10
Accounting Policies 11 - 12
Notes to the Accounts 13 - 17

Page 2

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

AT Christ Church Brixton Road

Trustees' Report for the year ended 31 December 2022

The Trustees of Christ Church Brixton Road present their report together with the financial statements for the year ended 31 December 2022.

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. 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 2022 the building continued to be COVID safe when open and all government guidelines were followed.

Achievements and performance

Message from the Priest in charge

It has been a few months since Fr Steve and I arrived into the parish. Little by little we are getting an idea of all that is going on in the parish. Although it hasn’t been a long time since we arrived a few changes have been made already: -

Booklets have been simplified so not much is needed to update them every week;

Bubble Church, an pioneering initiative for toddlers and their families, is now part of our offer for families at CCBR. Numbers of children and parents are growing and it is resulting in more baptisms;

Clergy presence every week at Christ Church Primary School, plus regular visits from Reay and Van Gogh primary schools; We have applied together with our resourcing parish, St Matthew’s, to SDF3 from the Church Commissioners for an ambitious project and we got the money;

Four new tenants are now occupying the community house and the flat is generating money for the church; Discussions with the leadership of the charity shop have been taking place to ensure the future of the shop; The church was full for the carol service with the House Gospel Choir;

A sold out choir concert took place in March and they hope to return;

A contactless machine has been installed to increase ways of giving for the church and charity shop.

These are only some of the new initiatives and actions we have been taking to assure not only the presence of Christ Church in Brixton Road for many years but also the desired growth that all of us want for our beloved parish Church. In the next few months more changes and initiatives will take place such as music ministry, youth ministry, a new Latino congregation, etc…for all of you that want to have a copy of the SDF3 project for Saint Matthew’s and CCBR please ask Fr Steve or myself and we will give you one.

We are really excited by all the potential CCBR has, and we believe with all our heart that there is a vibrant future for us, that we are in the plan of God for this area and we will continue to work hard to be the open and welcoming parish church that CCBR has always been.

The Revd. Dr Hugo Adan Fernandez

Page 3

AT Christ Church Brixton Road

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

Trustees' Report for the year ended 31 December 2022

Message from the Curate

Many thanks to everyone for welcoming me to Christ Church in my first year of ordained ministry.

My role as Pioneer Curate has two key areas: firstly, to learn and continue training for ministry. Secondly, to build relationships with people in the parish who are not already churchgoers, sharing the Good News so Christ Church can grow.

As part of this relationship building, my pioneering ministry so far has focused on three key groups in the parish:

1) Cafe Van Gogh- where I hosted a discussion group;

2) Schools- I lead weekly collective worship at Christ Church Primary (where I am now a governor) and host visits to the church from both Reay and Van Gogh primaries;

3) Families- The focus has been building a Christian community for families at Christ Church through Bubble Church, where we continue to see growth in numbers.

It has also been a privilege to preside at occasional offices, including funerals and baptisms, and to welcome the wider community into Church for our Christmas liturgies.

I continue to work with the wider church team to think creatively about increasing community connections and sources of income, such as musical concerts.

Please do pray for me as I prepare for ordination to the priesthood and I look forward to our continued partnership in the gospel.

The Revd. Steve Jullien

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 (SoFA) including an Income and Expenditure account set out on page 9, shows total income of £64,754 (2021: £72,624) and total expenditure £92,997 (2021: £90,287). This resulted in a deficit of £28,243 (2021: deficit £17,663). Though the year recorded a deficit, however when you take into account the current economic climate and the effects of pandemic, the overall result is better than what we anticipated.

During the year, as a Church we supported the work of the Organisations that used our building by charging them a reduced rent as a result of pandemic. In the coming year the Parish aims to generate more letting income by increasing the lettable areas in the Church. It should be noted that during the year under review, the utilities costs were significantly increased from £7,760 in 2021 to £15,970 in 2022! Other costs were also increased due to high cost of living!

I would like to thank all those who gave money to the Parish during the year through donations, standing orders, envelope giving, and loose giving ……….your generosity is much appreciated. Likewise my thanks go to those who provided their services in kind e.g. members of congregation that counted/banked our Sunday collections.

God Bless All

Rotimi Meghoma

Treasurer

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

Page 4

AT Christ Church Brixton Road

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

Trustees' Report for the year ended 31 December 2022

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, all face to face meetings. 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

Members of the Parochial Church Council (PCC) who have served at any time from 1 January 2022 until the date this report was approved are:

Ex Officio members:

Incumbent: Rev'd Hugo Adan Fernandez Churchwardens: Liz Waldy Treasurer: Rotimi Meghoma - from May 2022 Secretary: Liz Waldy PCC Members (Elected): Christina Asafu-Adjaye Julie Green Paulette Williams Eed. Hons. Kathie Goddard Pam Okore Folashade Stephens Cynthia Deen Carmen Brooks-Johnson Jeannice Williams-Fatodu - Co-opted May 2022

The financial statements were approved by the PCC on 16 May 2023 and signed on its behalf by:

Rotimi MRotimi Meghoma, FFA, FIPA, FCCA Trustee Trustee, Treasurer

Rev'd Hugo Adan Fernandez Trustee, Chair

Page 5

(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 2022

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 6

(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 2022 to 31 December 2022 set out on pages 8 to 17. 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 6, 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

16 May 2023

Page 7

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

Christ Church Brixton Road

Statement of Financial Activities for the year ended 31 December 2022

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		 2022
Total Funds
£
27,574
8,368
28,763
49
64,754
92,997
92,997
(28,243)
-
(28,243)
49,224
20,981		 2021
Unrestricted
~~Funds~~		 Restricted
~~Funds~~		 Endowment
~~Funds~~		 Total Funds
£
14,394
8,368
28,763
49		 £
13,180
-
-
-		 £
-
-
-
-		 £
49,711
151
22,759
3
51,574 13,180 - 72,624
87,322 5,675 - 90,287
87,322 5,675 - 90,287
(35,748)
12,007		 7,505
(12,007)		 -
-		 (17,663)
-
(23,741)
193		 (4,502)
49,031		 -
-		 (17,663)
66,887
(23,548) 44,529 - 49,224

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

Page 8

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

Christ Church Brixton Road

Balance Sheet

as at 31 December 2022

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		 £
£
£
£
7,750
8,867
2
2
7,752
8,869
6,505
845
9,756
41,252
16,261
42,097
3,032
1,742
13,229
40,355
20,981
49,224
44,529
49,031
(23,548)
193
20,981
49,224
31 December 2022
31 December 2021		 £
£
£
£
7,750
8,867
2
2
7,752
8,869
6,505
845
9,756
41,252
16,261
42,097
3,032
1,742
13,229
40,355
20,981
49,224
44,529
49,031
(23,548)
193
20,981
49,224
31 December 2022
31 December 2021
£
6,505
9,756
16,261
3,032		 £
8,867
2
8,869
40,355
49,224
49,031
193
49,224

Approved by the PCC on 16 May 2023 and signed on their behalf by:

Rev'd Hugo Adan Fernandez Rotimi MegRotimi Meghoma, FFA, FIPA, FCCA Trustee, Chair Trustee Trustee, Treasurer

The notes on pages 11 to 17 form part of these accounts.

Page 9

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

Christ Church Brixton Road

Statement of Cash Flows for the year ended 31 December 2022

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)		 2022
£
(31,545)
49
49
(31,496)
41,252
9,756
2022
£
(28,243)
1,117
(49)
(5,660)
1,290
(31,545)
2022
£
9,756
9,756		 2021
£
(27,370)
3
3
(27,367)
68,619
41,252
2021
£
(17,663)
2,478
(3)
(845)
(11,338)
(27,370)
2021
£
41,252
41,252

Page 10

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

Christ Church Brixton Road

Accounting Policies for the year ended 31 December 2022

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.

Page 11

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

Christ Church Brixton Road

Accounting Policies

for the year ended 31 December 2022

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.

Page 12

(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 2022

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		 2022
£
1,200
1,117
-		 2021
£
1,200
2,478
-

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
4
Charitable activities
Weddings, funerals & certificates
Food cupboard
Social activity
5
Other trading activities
Church lettings
Charity shop - Honeydawn Limited
Café letting & service charge
6
Investments
Bank interest received		 Unrestricted
£
1,526
4,272
4,445
-
452
-
3,699
-
14,394
Unrestricted
£
1,087
-
7,281
8,368
Unrestricted
£
10,142
9,600
9,021
28,763
Unrestricted
£
49
49		 Restricted
£
250
-
-
-
4,680
-
8,250
-
13,180
Restricted
£
-
-
-
-
Restricted
£
-
-
-
-
Restricted
£
-
-		 2022
Total
£
1,776
4,272
4,445
-
5,132
-
11,949
-
27,574
2022
Total
£
1,087
-
7,281
8,368
2022
Total
£
10,142
9,600
9,021
28,763
2022
Total
£
49
49		 2021
Total
£
1,402
6,775
103
(160)
9,701
30,000
-
1,890
49,711
2021
Total
£
(49)
200
-
151
2021
Total
£
2,600
9,600
10,559
22,759
2021
Total
£
3
3

Page 13

(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 2022

7
Charitable activities
Charitable/Donations giving
Upkeep of services - general
Upkeep of services - music
Interfaith expenses
Food Cupboard expenditure
Education - Sunday School
Insurance
Heat & light
Repairs & maintenance
Hospitality
Parish Support Fund
Printing & photocopying
Telephone
Curate expenses
Cleaning
Equipment (except when capitalised)
Sundry expenses
Bank charges
Depreciation
Staff costs
Independent Examiner's fees
8
Staff costs
Staff salaries
Staff pensions
Average number of employees during the year was:		 Unrestricted
£
2,050
891
4,513
-
-
-
5,508
15,785
11,158
223
17,317
2,959
6,326
781
4,979
42
1,194
86
1,117
11,193
1,200
87,322		 Restricted
£
-
19
-
126
1,454
1,425
-
185
65
107
-
-
-
-
-
2,294
-
-
-
-
-
5,675		 2022
Total
£
2,050
910
4,513
126
1,454
1,425
5,508
15,970
11,223
330
17,317
2,959
6,326
781
4,979
2,336
1,194
86
1,117
11,193
1,200
92,997
2022
£
11,193
-
11,193
1		 2021
Total
£
-
3,359
3,317
-
1,778
-
5,911
7,760
10,438
557
29,000
1,020
3,490
-
4,274
-
-
18
2,479
15,686
1,200
90,287
2021
£
15,543
143
15,686
1

Average number of employees during the year was:

No remuneration was paid to any Trustee or their associates for services as a trustee during the year ended 31 December 2022 nor to 31 December 2021.

9
Tangible fixed assets
Tangible 1
Tangible 2
£
£
Cost
As at 1 January 2022
-
-
As at 31 December 2022
-
-
Depreciation
As at 1 January 2022
-
-
Charge for the year
-
-
As at 31 December 2022
-
-
Net book value
As at 31 December 2022
-
-
As at 31 December 2021
-
-		 Furniture &
fixture
£
26,553
26,553
17,686
1,117
18,803
7,750
8,867		 Office
equipment
£
17,980
17,980
17,980
-
17,980
-
-		 Music
equipment
£
68,036
68,036
68,036
-
68,036
-
-		 Total
£
112,569
112,569
103,702
1,117
104,819
7,750
8,867

Page 14

(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 2022
Investments
#N/A
£
Market value
As at 1 January 2022
-
As at 31 December 2022
-		 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 2022, the profit and loss account showed a deficit for the year of £914 (2021: deficit of £2,249). The aggregate share capital and reserves of Honeydawn Limited amounted to a surplus of £7,498 (2021: surplus of £8,412).

12
13
**14 **		 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
Rent deposits held
PAYE/NI Control Account
Accruals
Retained profits
Represented by:
Share capital
The results of Honeydawn Limited are shown below:
Current assets
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		 2022
£
10,548
10,548
(3,050)
7,498
2
7,496
7,498
10,389
(391)
9,998
(10,923)
11		 2021
£
9,061
9,061
(649)
8,412
2
8,410
8,412
8,293
(277)
8,016
(10,269)
4
(914)
8,410
7,496
2022
£
6,505
6,505
2022
£
1,265
6,097
2,344
50
9,756
2022
£
2,250
(1,616)
2,398
3,032		 (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

Page 15

(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 2022

15
16
17
**18 **		 The funds of the charity: current year
Restricted funds
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
Restricted funds: prior year
Building Appeal
Food Cupboard
Youth & Educational Fund
Church Commissioners Mission Fund
Repairs fund
Community Fund
Coronavirus Job Retention Scheme (CJRS)		 Opening
balance
£
49,031
193
49,224
Opening
balance
£
47,893
18,993
66,886
Opening
balance
£
21,005
4,023
18
300
7,563
16,122
49,031
Opening
balance
£
21,975
5,201
18
300
4,277
16,122
-
47,893		 Resources
arising
£
13,180
51,574
64,754
Resources
arising
£
9,890
62,734
72,624
Incoming
resources
£
-
130
-
8,250
4,800
-
13,180
Incoming
resources
£
-
600
-
-
7,400
-
1,890
9,890		 Resources
utilised
£
(5,675)
(87,322)
(92,997)
Resources
utilised
£
(6,592)
(83,694)
(90,286)
Resources
expended
£
-
1,454
-
3,864
356
-
5,675
Resources
expended
£
970
1,778
-
-
1,954
-
1,890
6,592		 Other
movements
£
(12,007)
12,007
-
Other
movements
£
(2,160)
2,160
-
Transfers &
adjustments
£
-
-
-
-
(12,007)
-
(12,007)
Transfers &
adjustments
£
-
-
-
-
(2,160)
-
-
(2,160)		 Closing
balance
£
44,529
(23,548)
20,981
Closing
balance
£
49,031
193
49,224
Closing
balance
£
21,005
2,699
18
4,686
-
16,122
44,529
Closing
balance
£
21,005
4,023
18
300
7,563
16,122
-
49,031

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.

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.

Page 16

(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 2022

19 Transfers between funds: current year
Restricted to general		 General
funds
12,007
12,007		 Designated
funds
-		 Restricted
funds
(12,007)
(12,007)		 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
7,016
(27,532)
(3,032)
(23,548)
General
funds
8,869
(6,934)
(1,742)
193		 Designated
funds
£
-
-
-
-
Designated
funds
£
-
-
-
-		 Restricted
funds
£
736
43,793
-
44,529
Restricted
funds
£
-
49,031
-
49,031		 Endowment
funds
£
-
-
-
-
Endowment
funds
£
-
-
-
-		 Total
£
7,752
16,261
(3,032)
20,981
Total
£
8,869
42,097
(1,742)
49,224

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.

24 Pension commitments

The charity operates employee defined contribution (DC) schemes which are administered by outside independent pensions providers. Contributions payable for the year are charged to the Statements of Financial Activities.

25 Contingent liabilities

The charity had no material contingent liabilities at 31 December 2022 nor at 31 December 2021.

26 Related parties

During the year the members of the PCC and their related parties made aggregate donations of £836 (2021: £1,949).

27 Gifts in kind and volunteers

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

Page 17