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← The Parochial Church Council Of The Ecclesiastical Parish Of Christ Church Little Heath

2023-12-31-accounts

==> picture [524 x 88] intentionally omitted <==

Annual Report and

Financial Statements

of the Parochial Church Council For the year ended 31 December 2023

Incumbent

The Rev’d Mark Maloney

Independent Examiner

Benjamin de Cruz FCA Haines Watts Accountants (Western) Ltd 3 Southernhay West Exeter, Devon, EX11 1JG

Administrative Information

Christ Church Little Heath is situated on the Great North Road at the Northern End of Potters Bar. The Parish is part of the Deanery of Barnet and the Diocese of St. Albans. The correspondence address is Christ Church Little Heath, Great North Road, Potters Bar, Hertfordshire, EN6 1JN. The web address is cclh.org.uk

The Parochial Church Council (PCC) of Christ Church Little Heath (CCLH) was led by the Vicar, Rev’d Mark Maloney. Under his leadership the PCC continues its work of promoting the mission and ministry in the Parish of Little Heath.

The aim of CCLH is to glorify God by building each other up and making Jesus known in our community. This whole church vision was defined by the PCC in the Mission Action Plan (MAP). Through it we encourage everyone to be involved in some aspect of the chu rch’s life and ministry. The staff team are vital as they support, equip and enable every member ministry in the church, as well as providing for the pastoral and spiritual care of all who request help.

The primary object of the PCC is the promotion of the Gospel of our Lord Jesus Christ according to the doctrine and practices of the Church of England. Furthermore, the PCC has the responsibility of co-operating with the Incumbent, Revd Mark Maloney, in promoting in the ecclesiastical parish the whole mission of the church, pastoral, evangelistic, social, and ecumenical.

PCC was delighted to welcome Rev’d Fiona Maloney in her new role as Associate Minister from July 2023.

The PCC has been concerned over the year with the merger of the parish hall to the PCC, replacing the foyer doors and installing a new door entry system. PCC has continued to review the long-term implications of the pandemic in relation to the arrangements for communion and the shaking of hands during the peace. Moving forward we no longer employ a caretaker for the church, and we are thankful to still be able to employ a Children’s Outreach Worker who has also taken on the Administrator role and a Finance Administrator one day a week.

There are three types of members of the PCC:

During the year the following served as members of the PCC:

Ex officio members: Incumbent Rev’d Mark Maloney Associate Minister Rev’d Fiona Maloney (from July 2023) Reader Louis Spring Church Wardens Sheila Blake Louis Spring

Lay Representatives of the Deanery Synod

Wendie Bowden (until April 2023) Hazel Burgess Nick Alexander

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Elected Members: Andrew Daughtry (Until 21[st] February 2023 Sue Taylor (until 14[th] April 2023) Nick Buckland Cath Hawes Charles Hopping David Vallance Laura Vivian Pat Wikner Wendie Bowden (from April 2023)

Secretary to the PCC Wendie Bowden (until May 2023) Cath Hawes (from May 2023)

Chairs of PCC sub-committees:

– Standing Committee Rev’d Mark Maloney Fabric & Finance – Rev’d Mark Maloney Mission Hub – Vacant Church Family Events – Sheila Blake Youth and children – Vacant

Details of their meetings were reported at PCC meetings where any motions or recommendations were discussed and agreed.

Electoral Roll

There are 78 members. Membership for 2023 was 80. During the year 3 members have sadly died and 1 new member added. We welcome Janet Turner to the roll.

Administrative Information required under SORP 2005

The Bankers to Christ Church are Barclays Bank PLC and CCLA Investment Management Ltd. The Parochial Church Council may be contacted via the Church Office, Christ Church, Great North Road, Potters Bar, Herts EN6 1JN

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 registered as Charity 1132680 with the Charity Commission.

The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.

At the beginning of each new PCC an introduction to the workings of the PCC is given to each member. Following members are given annually an electronic or paper copy of the ‘Health and Safety’ and ‘Child Protection Procedures’. Members are encouraged to go on training courses such as those arranged by the Diocese and Deanery and report back to the PCC.

PCC has a Standing Committee which has the power to transact the business of the PCC between its meetings, subject to any directions given by the PCC.

The major risks to which the PCC is exposed as identified by PCC members, have been reviewed and systems or procedures where appropriate have been established to manage those risks.

2

Review of the year on behalf of the PCC

The PCC met five times in 2023 and the Standing Committee met before each PCC meeting to set the agendas, which were published seven days ahead of meetings.

The Children’s Outreach Worker, Cath Hawes, continued her work with our children and local schools. She has organised Fun and Messy Church Days, as well as leading Sunday School and Little Feet. Cath has worked ecumenically as part of Churches Together, organising and leading their annual Holiday Club held at Pope Paul school in the summer. She has produced a report on her work for the APCM.

Streaming of Sunday services continued for those unable to attend in person. Streaming is part of our outreach and this year we have had to navigate difficulties with our broadband towards the end of the year. The new streaming equipment and sound desk installed last year has continued to benefit those in church and those watching online.

PCC was again grateful to receive generous legacies over the year (detailed in the accounts) which will enable continued investment in our buildings and ministry.

Reports were received from the sub-committees and policy reviews were undertaken such as Safeguarding and Health & Safety. During the year PCC was informed that a safeguarding concern had arisen, which was resolved after advice from the Diocesan Safeguarding Team.

Public Benefit

The church continues to be a place where people come at key moments of their life, and our pastoral care and bereavement ministry continue to be highly valued in the community. The buildings continue to serve the local community through pastoral and practical care providing a meeting point for friendship and the community.

This commitment to the community is seen by provision such as our weekly Loaves and Fishes Café, Little Feet for carers and toddlers, and events we run for families and children. Loaves and Fishes is working in partner with Rennie Grove Peace Hospice as a Compassionate Cafe

On behalf of the PCC

Cath Hawes PCC Secretary

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Review of financial activities and affairs

The Church has three types of funds:

Although the financial situation this year has continued to be very challenging, we have been able to reduce our deficit considerably. The General fund deficit for the year has been broadly in line with budget with income significantly higher than last year and expenditure generally stable. We have spent considerable sums on improving both our Audio-visual systems and in the fabric of the Foyer, these have been financed from amounts already allocated from designated funds. Legacies have continued to form an important part of our income and are dealt with through our designated funds.

Please note: due to circumstances mentioned below, with the agreement of our independent examiner, we have had to estimate some aspects of our income. The error levels involved in this estimate are unlikely to be greater than £500 overall.

Principal Figures for the General Fund:

2023 2022
108,809
15,563
10,652
119,461
9,914
109,547
140,752
88,492
(31,205)
General Fund Voluntary Income 121,511
Of which Gift Aid 25,777
Other income 20,550
Total Income 142,061
Transfer to Alms 11,362
Income net of Alms transfer 130,699
General Fund Expenditure 139,398
Of which
Parish Share* 89,334
Net Surplus / (Deficit) (8,699)

*The parish share is the contribution made by the parish towards the running of the diocese; by far the largest part of which is the cost of clergy. In return, the diocese (sometimes with support from the national church) covers all this church’s clergy costs including stipend, accommodation, national insurance, pension and training.

Detailed figures for both income and expenditure are given on pages 6,10 & 11 of this report.

Our Children’s Outreach Worker has supported our own young people as well as reaching out to children in the local community. Her initial term has now ended and we have committed to continue supporting this project for a further term using a mix of specifically pledged donations with additional support from designated funds if required.

A wide range of Christian organisations received donations from Christ Church via alms giving or special collections. Details of these grants are given later in this report. Christ Church pledges to alms10% of the

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unrestricted regular Voluntary Income. The Mission Hub (formerly the Alms Committee) have responsibility for determining the way in which these funds are distributed.

.

We are now able to begin resuming our support for outside charities and we were able to raise £502.28 (2021 £701.11) in support of The Children’s Society from the Christingle Service and candle collections. For the Loaves and Fishes Café, the amounts raised have been excluded from the actual accounts but are detailed in note 12 to this report.

A fuller explanation of all the Funds referred to in the accounts is provided in note 16.

Finally, as referred to above, our long standing Fund Manager, Glenn Collins, died suddenly in December. Glenn has looked after our regular giving and associated tax matters for a very long time and will be greatly missed by us all. We would like to extend our thanks and our sympathy to his wife Melanie and to all the other members of the family.

On behalf of the PCC

Mr. Charles Hopping (Treasurer)

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Christ Church Little Heath

Financial Statements to end December 2023

Statement of Financial Activities

Note
INCOMING RESOURCES
Voluntary Income
2(a)
Activities for generating funds
2(b)
Investment Income
2(d)
Incoming Resources from Charitable Activities
2(c)
Other Extraordinary Income/Adjustments
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Costs of generating voluntary income
Charitable activities
3(a),(b),(c) (d)
TOTAL RESOURCES EXPENDED
NET INCOMING / (OUTGOING) RESOURCES
Gains / (losses) on investments (Unrealised)
Transfers between Funds
NET MOVEMENT IN FUNDS
Balances brought forward at 1 Jan 2023
BALANCES CARRIED FORWARD AT 31 Dec 2023
ASSETS HELD AS:
Current assets
Cash and short term deposits
CBF deposit accounts
Accruals & prepayments
Investments - CBF units at cost
Investments - unrealised gains on CBF units
TOTAL ASSETS		 Unrestricted
Restricted
Totals
Funds
Funds
2023
(General)
Projects
£
£
£
£
110,148
38,275
37,399
185,822
2,398
0
0
2,398
11,099
0
1,809
12,908
7,053
0
0
7,053
0
0
0
0
130,699
38,275
39,208
208,182
139,399
41,904
58,306
239,609
139,399
41,904
58,306
239,609
(8,700)
(3,629)
(19,098)
(31,428)
7,824
7,824
27,000
(27,000)
18,300
(22,806)
(19,098)
(23,604)
(17,951)
388,477
56,590
427,116
348
365,671
37,492
403,511
1,495
22,264
12,492
61,251
253,148
25,000
253,148
(1,147)
(1,147)
36,066
36,066
54,193
54,193
348
365,671
37,492
403,511
0.10 #
0.00 #
0.00 #
0.01

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

Rev Mark Maloney Chairman Gift aid adjust

Mr Charles Hopping Treasurer

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Christ Church Little Heath

Balance sheet at 31 December 2023

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----- Start of picture text -----
2023 2022
FIXED ASSETS
Tangible 0 0
Investments 90,259 82,435
90,259 82,435
CURRENT ASSETS
Debtors 6,654 5,353
Short Term Deposits 253,148 141,383
Cash at Bank and in hand 61,251 204,545
321,054 351,281
CURRENT LIABILITIES
Amounts falling due within one year (7,800) (6,600)
NET CURRENT ASSETS 313,254 344,681
Creditors falling due after one year 0 0
TOTAL NET ASSETS 403,512 427,116
PARISH FUNDS
Unrestricted 348 (17,951)
Designated 365,671 388,477
Restricted 37,492 56,590
403,512 427,116
Rev Mark Maloney Mr Charles Hopping
Chairman Treasurer
----- End of picture text -----

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Notes to the Accounts

1 Accounting Policies

Basis of preparation

The PCC is a public benefit entity within the meaning of FRS 102. The financial statements of the PCC have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations ‘true and fair view’ provisions with FRS102 as the applicable standards and the 2019 version of the Statement of Recommended Practice, Accounting and Reporting by Charities SORP (FRS 102)

The accounts have been prepared on a going concern basis under the historical cost convention except for the valuation of investment assets, which are shown at market value as at 31 December.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law.

The financial statements comprise:

Funds

The General Fund represents the funds of the PCC that are not subject to any special restrictions regarding their use and are available for application to the general purposes of the PCC (i.e. the day to day running of the Church).

The assets of the Designated Fund are largely derived from legacies and donations including regular giving. The funds have been designated by the PCC for use in fabric and outreach projects and to support “ministry and mission initiatives” within the parish including the apprentice as appropriate.

Restricted Fund includes Alms giving, special collections and specific donations, all of which are generally paid to the appropriate recipients within the year. The Marguerite Bowen fund is now included with these funds. As the name implies funds held as “Restricted Funds” are held for the purposes stated and can only be used for those purposes. The amounts standing to these Restricted Funds are detailed in Note 4.

Incoming resources

Voluntary income

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Income, gains and losses on investments

Expenditur e

Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably.

Assets

Tangible Assets

Investments

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Christ Church Little Heath

Notes to the Financial Statements for the Year Ended 31 December 2023

Details of Incoming Resources (Certain Receipts are excluded by virtue of The Church Accounting Regulations)

Unrestricted
Funds
(General)
£
2
Incoming resources
2(a) Voluntary Income
Planned giving - gift aid
87,847
Planned giving - tax reclaimed
25,777
Planned giving - non gift aid
7,228
Unplanned giving - collections
0
Unplanned giving - donations
659
Legacies received / gifts in memoriam
0
Projects fund support for CHOW
General fund giving transferred to Alms
(11,362)
Projects fund support for CHOW
110,148
2(b) Activities for generating funds
Fund raising & other events
PCC fees (weddings, funerals)
2,398
2,398
2(c) Incoming Resources from Charitable Activities
Church Activities (Open House/kids clubs etc)
7,053
Grants Received
0
7,053
2(d) Income from investments
Interest
8,632
Dividends on investments
2,467
11,099
2(e) Other extraordinary Income
Total incoming resources
130,699		 Projects
Fund
(Designated)
£
0
75
0
0
0
50,200
(12,000)
38,275
0
0
0
0
0
0
0
38,275		 Restricted
Funds
£
7,167
2,418
1,653
0
2,797
0
12,000
11,362
37,399
0
0
0
0
0
1,809
1,809
39,208		 2023
2022
.
£
£
95,014
93,232
28,270
17,437
8,882
10,882
0
0
3,456
2,087
50,200
191,007
0
0
185,822
314,646
0
0
2,398
1,927
2,398
1,927
7,053
4,551
0
0
7,053
4,551
10,441
1,121
2,467
3,301
12,908
4,422
0
0
208,182
325,546
Totals

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Christ Church Little Heath

Notes to the Financial Statements for the Year Ended 31 December 2023

Details of Resources Expended

3(a) Charitable Activities
Parish Share
Church Office & Administration
Office Costs
Salary of Church Secretary
Vicar's & Curate's expenses and other working costs
Car expenses
Other expenses
Telephone & Internet
Printing / stationery etc
Church running expenses
Gas
Electricity
Cleaning
Insurance
Other
Church maintenance
Organ maintenance
Care of church grounds
Church furniture/equipment/fabric/building works
Upkeep of services
Altar requisites
Cost of Music / literature
Other Service Costs
Grants Made (Alms fund Note 3(d)) and special projects)
Parochial Fees
Support costs
Parish training and mission & education(inc books)
Childrens & Youth Work
Education & Visiting Speakers
Curate House/House for Duty
Open House Events
Coffee costs
Other events
Pastoral Care Intern
Childrens Outreach worker
Other costs and adjustments
Parish Hall Contribution
Total re Charitable Activities
3(b) Fund raising & Publicity- Costs & Cost of Goods Sold
Cost of Generating Voluntary Income
Other Resources Expended
3(c) Finance and Governance costs
Bank Charges & Interest
Independent Examiner's fee
Total resources expended		 General
Fund
£
89,334
10,717
9,748
20,465
45
377
687
1,109
1,815
2,028
8,920
1,711
59
14,533
49
3,580
3,628
97
950
682
1,730
644
0
0
244
0
1,264
1,219
0
1
2,729
3,396
137,568
0
0
0
31
1,800
1,831
139,399		 Projects
Other Restricted
Fund
Funds
£
£
0
0
0
0
349
0
349
0
0
0
0
40,797
14,979
40,797
14,979
0
888
0
888
0
11,420
1,107
1,644
0
0
346
0
27,070
1,609
1,107
30,669
0
0
41,904
58,306
0
0
0
0
0
0
41,904
58,306		 Totals
2023
2022
£
£
89,334
88,492
10,717
7,774
9,748
17,836
20,465
25,610
45
135
727
542
687
863
0
0
1,458
1,540
1,815
1,605
2,028
1,154
8,920
5,990
1,711
1,751
59
0
14,533
10,500
0
0
49
105
59,356
24,554
59,405
24,659
97
278
950
1,353
1,571
1,595
2,618
3,226
11,420
11,850
644
1,355
0
0
2,751
3,122
244
332
0
0
1,264
1,265
1,219
521
346
30
0
0
27,070
25,559
1,610
143
34,505
30,973
3,396
3,396
237,778
201,601
0
0
0
0
0
0
31
25
1,800
1,800
1,831
1,825
239,609
203,426

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Christ Church Little Heath

Notes to the Financial Statements for the Year Ended 31 December 2023

Details of Grants Made (Certain Payments are excluded by virtue of The Church Accounting Regulations)

3(d)
Resources Expended
Grants
Mission and charitable giving - church overseas		 Unrestricted
Fund
(General)
£		 Projects
Restricted Funds
Fund
(Designated)
Alms
£
£		 Totals
2023
2022
£
£		 Totals
2023
2022
£
£
Church of the Good Shepherd, Peru
The Bible Society
Sat 7
International China Concern
Crosslinks
Women's ministry in Bulowayo, Zimbabwe
Church in Burundi
River of Life, Uganda
Church Missionary Society
Relief and development agencies
Home missions and other church societies and organisations
The Children's Society
Scripture Union (PBHC)
A Rocha
CPAS		 0
0		 800
425
425
800
2,100
800
0
2,100
2,100
0
9,550
0
0
425
425
425
425		 800
425
425
800
2,100
800
0
2,100
2,100
9,550
0
0
425
425
425
425		 800
400
400
800
2,100
800
2,100
0
2,100
9,500
0
0
400
400
400
400
Secular charities/Fayre
Total grants		 0
0
0		 0
1,700
0
0
0
11,250		 1,700
0
0
11,250		 1,600
0
0
11,100

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4 Restricted funds

The balances of Restricted Funds held as at the 31 December 2023 were as follows:

Fund Balance at
31.12.22		 General
income		 Adjust Expenditure Balance at
31.12.23
Childrens Outreach worker £3,396 £11,494 £12,000 £27,036 -£146
Children and Youth work £1,635 £250 £1,678 £207
Youth Sponsorship £1,700 £1,700
Education of Church workers and
families		 £4,235 £474 £3,761
Residential property maintenance -£156 -£156 £0
Women's Fellowship £731 £346 £385
Flower Committee £65 £588 £888 -£235
Potters Bar Disability Access £1,125 £1,125
Holiday at Home Senior events £542 £542
Marguerite Bowen Fabric Fund
Capital		 £30,727 £7,350 £23,377
Marguerite Bowen Fabric Fund
Income		 £6,876 £1,809 £7,785 £899
Special Projects £4,376 £170 £4,206
Ukraine Fund £1,233 £350 £1,583
Other Restricted and Ad Hoc £1,609 £1,609
Alms Fund £106 £11,250 £11,250 £105
Grand Total £56,590 £27,350 £12,000 £58,315 £37,492

The purpose of each fund is set out below:

Fund Purpose
Children’sOutreach
worker		 To support the employment of a Children's outreach worker
Children and Youth
work		 To support work with children and young people
Youth Sponsorship To sponsor young people from the Church to undertake approved
projects
Education of Church
workers and families		 Donations which are given to allow Church workers to attend
courses/workshops and Christian based family holiday or events.
Residential property
maintenance		 Formerly vicarage re-decoration
Women's Fellowship Funds held on behalf of the women's fellowship
Flower Committee Funds held on behalf of the flower committee
Potters Bar Disability
Access		 Funds held for transfer to PBDA
Marguerite Bowen
Fabric Fund Capital		 Capital Fund set up for maintenance and improvement of premises

13

Marguerite Bowen
Fabric Fund Income		 Net income accruing to above fund
Special Projects A fund that has been in place for some years and is designed to be
used for one off projects within the church.
Ukraine Fund To support those affected bythe war in Ukraine
Alms Fund To receive a one tenth share of regular giving to the church and to
distribute to deserving causes

5 Allocation of Alms

Alms are distributed in accordance with the policy of the PCC. A list of organisations supported, as well as other organisations supported by donations from other funds, is included in these accounts in note 3(d) and information on their activities is reported from time to time. The list of organisations supported is reviewed by the Mission Hub

The 2022 Alms payment as recorded in note 3(d) was £11,250 (2021 £11,100).

6 Staff Costs

During the year the PCC employed the Church Administrator, a Children’s Outreach Worker and a Church Cleaner. Total costs were £45,739 (2021 £49,386)

7 Fixed Assets used by the PCC

Inventory assets vested in the churchwardens on special trust:

Computers & sundry IT equipment Projector for use in church Audio Visual System

8 Risk Management

The F&F committee together with the PCC continue to actively review the risks to which it is exposed and address issues raised.

9 Contingent Liabilities and Other Commitments

An agreement with PEAC (UK) Ltd for the lease and maintenance of the photocopier in the Church Office was terminated during the year. The total amount paid in the period was £376.

10 Payments to PCC members

Expenses payments to Clergy are shown within the accounts. T he Children’s Outreach Worker, served on the PCC during the year. Details of overall payments for employment are shown in note 7 of this report.

14

12 Little Heath Parish Hall

The Little Heath Parish Hall is a separately constituted charity and accounts are independently reported to the Charity Commission.

The Charity is run by a team of Trustees. The Trustees are appointed by Christ Church PCC. The Trustees administer the upkeep, letting and other uses of the Parish Hall. A contribution of £3,396 (2022 £3,596) was made by the Church in respect of Church use of the Parish Hall during the year. Other than the above there were no material transactions between the Trustees and the PCC during the

year.

13 Loaves & Fishes Café

The Loaves and Fishes Café has raised the sum of £5022 (2022 £3698) This amount is excluded from the main financial accounts but is recognised here as part of the Christ Church family outreach. A separate list of charities and other causes supported is available.

14 Children’s Society

For 2022 the collections from the Christingle collection are designated to the Children’s Society and as such do not form part of financial accounts but are recorded here for information purposes. The 2022 collections amounted to £502 (2022 £701)

15 Reserves

It is the policy of the PCC to maintain where possible sufficient reserves in the General Fund to cover three months of normal expenditure. At the year end the balance on General Fund was below this figure and the PCC has therefore agreed that reserves held in Designated Funds may be made available to support General Fund expenditure should this prove necessary

16 Background to the Various Accounts Held by the PCC.

Money held and controlled by the PCC is divided, in line with the principles of charity accounting, into various funds. To allow anyone reading this report to understand these a little more fully, some explanation is provided below:

15

At the beginning of the year the fund included amounts earmarked for: major – maintenance; routine maintenance and improvement fabric; routine maintenance and improvement - interior fittings and equipment; contingency fund. During the year the PCC specifically reviewed this allocation and revised amounts involved. The general headings remain unchanged.

16