## **SWINDON OLD TOWN PARTNERSHIP OF CHURCHES** ## **CHRIST CHURCH WITH ST MARY’S** ## **ANNUAL REPORT AND** ## **FINANCIAL STATEMENTS** # **OF THE PAROCHIAL CHURCH COUNCIL for the year ended 31st December** **2023** ## **Registered Charity Number 1134032** Page **1** of **25** Contents TfUStedAnnualReport-..-----..-.........-.---....--.--.......-.......-.--..-.........-..---.--..--.- charitable objects_.---.-.........-..--.-.......--..-...........----.............-.-.--.-.........-.--.-.. (￿r ¥is•on _---...........---_....--.......-.--...........--.--.......-....-.-.--.-.........-.--.-......--.-_. Trustee< Revlew oA2023.........-..--.-.......--..-~---...........--.--...........-----...........--.--.......-..- How did meet our goa15 fow 2023? ... . Old Town Patheiship.----...........----....--....----...........-----..--.......-.--.-.. Presenting the Christian Faith _ Re5trurturini the Chflst Church Site.........---..-............~.-.............-.-................-.--........... Translorming Church To8ethef ............--.--.......-.......-.--.-.......--.--...........--.---.-...... whot ore our goolsfor 2024? old Town Partnttshlp.- Presenting the chrlstian EattL.... Restrurtuiini the Cthiist Church Site......-.---.--...........--.-.........-.--.-.-.............--.--........... Translormin8 Church Together............--.--.......-.......-.--.-.........---...........--.---..-............ Buildinq5 andsite Repwt...--.-.-..............---..........--.-.......--....----...........----.....-..--- Achlevements and Performance_.-.........-..--.-.......--....--.--...........--.-.............-----...........- Trustees during the Yeor.-.......-.......--.--...........-----..-.........-.--...........----.......-.......-.--..-. Structure, monogement and govemunce............-...--.-.............--...............--.-..............-..-. Financial Review.-.............--.-...............~-.--...........--.--...........--.---.............-.--.............-. io Income _ li Expendltuie.........-..---.--...........--.--...........-----..-.......----...........----....-.......--.-- li Resefves polKy......-.---..-.............--.-.-....-.......----...........--.-.........-..-----...........---- 12 Independent Exornine￿$ Repwt 2023......-.--..-.........-.---.--............-.-.........-..----.............- 13 rinanciol Rep(¥ts 2023...-.--.-.......--.---.--...........--.--.......-..-----...........--.--...........--- 14 Page 2 of 25 ## Trustees’ Annual Report ## Charitable objects The object of the charity is to promote the ecclesiastical parish the whole mission of the Church. ## Our vision ## **To be Christ’s Church in the community** **Our mission:** By proclaiming Christ through teaching and example: - By welcoming and serving all through hospitality. - By encouraging people to find God through worship, faith, and prayer. - By providing a spiritual home and resources for the local community. - By transforming Swindon and beyond with God’s hope and compassion. We will do this with humility, grace, and respect, listening prayerfully to God and our neighbours. ## Trustees’ Review of 2023 How did we meet our goals for 2023? ## Old Town Partnership Our Bible verse for the year was John 20: 21: _‘Jesus said to them again: “Peace be with you. As the Father has sent me, so I send you”_ ’ Our prayer for growth was: _‘God of mission, who alone brings growth to your church,_ _Send your Holy Spirit To give vision to our planning, wisdom to our actions and power to our witness. Help our church to grow in numbers, in spiritual commitment to you and in service to our Swindon community. Through Jesus Christ our Lord. Amen’_ This last year was a strong one for Christ Church with St Mary’s and the Old Town Partnership of Churches. Our Partnership Messy Church meeting on the first Sunday afternoon of each month grew in numbers to approximately 40. Our Partnership Lent Course over 6 Wednesday evenings in Christ Church: ‘who is Jesus? Christian Mission Today’ was widely appreciated. We were blessed to have 6 excellent speakers who opened up during the question-and-answer sessions. The series was professionally recorded and is available now on YouTube. Including those who joined us online, over 200 people participated which is a record for a Partnership Lent Series. All of our Partnership Churches have now reached Silver Level for the Arocha Creation Care awards and are working step by step towards the Gold Standard. We are doing all we can to work with our wider community partners in our Swindon Borough towards reaching net zero by 2030. ## Presenting the Christian Faith Looking back over the last year, we have much to be thankful for. By God’s grace it was very encouraging to see much varied growth in our congregation and in our service to our Swindon community. The PCC were very grateful to Liz Day for all her help in developing a contemplative, listening, prayerful DNA at Christ Church. A sermon series with supporting materials was presented in January around the themes of ‘Beloved’, ‘Behold’, ‘Belonging’ and Becoming’. On 21st May 2023 11 adults and one young person were confirmed at the Swindon Deanery Ecumenical Confirmation at St Mary’s Church, Purton. As a Partnership Page **3** of **25** we were sad for the first time in living memory that there was not an Ecumenical Confirmation offered within our Old Town Partnership Churches. The Christian faith has been shared imaginatively in our Sunday worship, mid-week offerings and in our occasional offices of baptisms, weddings and funerals. The growth in Fellowship of Faith and the new Bible Encounter Group on Wednesday evenings in Christ Church has been especially encouraging with over 50 people being involved. We made full use of King Charles III’s Coronation to reach out to our Old Town community through a Partnership Service and a community Sunday lunch. The Church Weekend at Home on October 21/22 was great fun. We were blessed to have visiting us the Revd. Rich Cresswell who presented ‘The Bible in One Hour’ (available now on YouTube) and our Bristol Diocesan Bishop, Bishop Viv on the Sunday when she preached, presided at Holy Communion, took part in an hour’s Question Time ending with a delicious parish lunch served by the Fellowship of Faith. We celebrated together the 25th anniversary of the Revd. Canon Simon Stevenette as Vicar of the Parish on Friday October 6th with a Partnership Service, renewing our Christian commitment. The words used in the Anointing were ‘the light of Jesus shine in you and through you to others’. ## Restructuring the Christ Church Site The PCC has worked hard and invested financially in our staff team so we can better serve the people of our Old Town Parish and meet their spiritual needs. The PCC are especially encouraged by the very strong team synergy which is developing. We are very grateful to our all paid staff and volunteers advancing our ‘One Christ Church’ vision. The 10th anniversary of the Community Centre was celebrated in November. Grateful thanks to our Site Operations Manager, Chris Smith, and to all the team for all that they do on our behalf. There has been considerable increase in the varied events offered in Christ Church and in the Centre which has brought many hundreds of people onto our site and raised thousands of pounds for local charities. The 10th Beer and Cider Festival was the best yet, raising £16000. The arrival of Fever with their 3000 LED lights and classical string quartet has been widely appreciated. The sermon series in the Autumn on Meals with Jesus has been practically followed with many meals served in Christ Church and the Centre. The 6th Alone at Christmas event on Christmas Day was again the best yet with 153 people eating Christmas Dinner in the Centre or receiving a meal at home. The PCC has invested financially and in time in further developing the Christ Church site, with a new pathway around the church, better lighting, planting of trees and considerable progress on the Jubilee Memorial Garden. Grateful thanks to Ian Handy’s team, the Friends of Christ Church and our Creation Care Working Group for their hours of effort on our behalf. ## Transforming Church Together The PCC has continued to engage as much as possible with our Diocesan Strategy. We are encouraged that the values of openness, creativity, generosity and bravery, along with strategic priorities, are very much in synergy with our own Church Plan which has been developed by Ian Farr on behalf of the PCC. Progress has been made towards being part of a South Swindon Mission Area, along with Parks and Walcot, Wroughton and Wichelstowe. The PCC was disappointed not to receive the new self-supporting curate we anticipated at Petertide. On the other hand, we were delighted that Nitin Shinde was recommended for Ordination training at Sarum College. We continue to pray for Nitin and his family along with Will Stevenette on the second year of his ordination training at St Mellitus. Will returned from Birmingham to preach at Christ Church in the summer. After Nitin resigned as Churchwarden due to the Ordination training, the PCC appointed James Davies-Spratt and Simon Giles as Deputy Wardens, alongside Jim D’Avila. The PCC is very encouraged by the growth of vocations across the congregation 4 of our number are on the Diocesan ‘Exploring Christianity’ Lay Ministry training course. The PCC reformed the Children, Young People & Families Working Group and has done all we can to encourage growth in this vital area. The PCC is thankful to Sue Clack for coordinating our Sunday Club activities and to Jo Porter for all the creativity and joy she brings to All Age Worship presentations. Page **4** of **25** ## What are our Goals for 2024? ## Old Town Partnership Starting from our Bible verse for the Year Psalm 121 vv 1, 2: ’ I lift up my eyes to the hills…From where will my help come? My help comes from the Lord who made heaven and earth’ we will build on a strong theological foundation with much to look forward to. On the back of our prayer card to the congregation we have circulated a Partnership Prayer for Growth: ‘God of mission Who alone brings growth to your church, Send your Holy Spirit To give vision to our planning, Wisdom to our actions And power to our witness. Help all our Partnership churches to grow in numbers, In spiritual commitment to you And in service to our Swindon community. Through Jesus Christ our Lord. Amen’ Amongst many areas we look forward to playing our full part in our Old Town Partnership Mission Project supporting the work of Swindon Youth for Christ and Swindon Street Pastors in our Swindon area. We are very grateful to Diana Swann and Margaret Williams for all their work editing our Partnership Magazine. With Diana’s retirement this has been paused for the time being but as a Partnership we are committed to developing a new Communications Strategy, sharing our ecumenical vision with our own congregations and the people of Swindon. We will be offering a Lent series with small group resources around ‘Reconciliation’. We will continue to do all we can to support the growth of our Partnership Messy Church. ## Presenting the Christian Faith The PCC will continue to do all it can to encourage the growth of discipleship and new Christian vocations, supporting our many Christian leaders and growing new leaders as we present the Christian faith in our worship, teaching and community activities thoughtfully, compassionately, prayerfully and creatively. The PCC identified at the end of last year the need to further grow daytime ministry away from Sundays. This is to supplement the extra work being done at Fellowship of Faith, Bible Encounter Group, Home Groups and Men’s Breakfast. We expect to begin a Spiritual Reflection lunchtime group called ‘Treasure Together’, an Iona Social Justice Worship Gathering, a Bereavement Support Group and a Men’s Support Group. In addition, we are excited to be renewing our ‘Little Fishes’ parent and toddler group on Thursday mornings in the Community Centre. We will be further developing our welcome ministry, offering meals and hospitality in Christ Church with a new welcoming area with small kitchen facilities being installed. Our vicar, The Revd Canon Simon Stevenette, will be away on Extended Development Study Leave from May 1st to September 1st. We are very grateful to the staff team and Diocesan and Partnership colleagues for their help in covering worship ministry. We assure Simon, Nicola and their family of our prayers that they would have a fruitful break, returning spiritually and physically refreshed. ## Restructuring the Christ Church Site The PCC is committed to prioritising our Church Plan, developed by Ian Farr, ensuring we keep on track with our priorities, time allocation and finances. The work on the Jubilee Memorial Garden will be completed. We will consider the financing of the verger role. We are grateful to Alex Davies-Spratt and to those who assist her in providing welcome and support in the services and activities we offer. To help with our communication we will review our audio-visual facilities, upgrading where necessary. Page **5** of **25** ## Transforming Church Together We will continue to play a full part in Transforming Church Together within our parish, Old Town Partnership, Swindon Deanery and Bristol Diocese. An Expression of Interest will be submitted for a Growing Faith Chaplain to support our vital relationships with schools and family homes. An application will be submitted to the Bristol Diocese for Nitin Shinde to return as a self-supporting minister at Christ Church following his Ordination in July 2025. We will further develop our prayer and healing ministry, particularly around supporting people living with mental health challenges. A decision will be reached regarding a South Swindon Mission Area and in particular how we can support our colleagues at Parks and Walcot and Wroughton and Wichestowe. This will involve the reality of poverty, knife crime and drugs alongside building community in a new housing area and in the challenges at the Deanery and Kingfisher School following the ending of the Diocesan Board Academies Trust (DBAT). The PCC were delighted to host on Advent Sunday evening the Bristol Diocesan Service of Welcome for our new Bishop of Swindon. The Right Revd. Neil Warwick. The PCC will do all it can to welcome Bishop Neil and Helen when they move into our parish in April. We look forward to Biship Neil’s first official visit to Christ Church on Mothering Sunday 10th March 10am. May God bless us during this coming year so that we can be a blessing to others, _The Revd Canon Simon Stevenette On behalf of Christ Church PCC 17th January 2024_ ## Buildings and Site Report The main areas of work of the Buildings Committee are summarised below: • Faculty applications for the camera and screen monitors in Christ Church have been submitted as part of the ongoing work to maintain and improve the AV facility, including live streaming. • Ongoing maintenance and upgrade work in numbers 31 and 32 Cricklade Street has included the installation of extract fans. This is part of the ongoing effort to control severe damp issues. - Work in support of Eco group effort to manage the grass cutting regime for biodiversity in the grassed areas in the churchyard continues. - Work continues in support of Ian Handy’s team, for the ongoing development of the second phase of Jubilee Memorial Garden, including faculty application and approval. - Routine work continues to implement safety checks and certification of our gas boilers and electrical systems, including the vestry alarm. Additional works have included remedial work on the earthing of the lightening conductor system at Christ Church, as part of the insurance triennial reviews, and the replacement of a failed inverter in the solar panel system in the Community Centre. • Effort continues in the management of gas and electricity consumption in, and suppliers for, Christ Church, St Mary’s and the Community Centre. Following an energy audit in October 2023, sponsored by Bristol Diocese, options are being investigated for carbon net zero by 2030. • Following cold weather in 2023 (and in 2024) some local patches of stonework forming the decorative surrounds of the main west doors spalled and fell onto the roadway outside the doors. Investigations were carried out to confirm that this wasn’t a significant safety hazard but further work to stabilise this will be needed. Routine work continues to keep the main doors, especially in Christ Church, free and operational. - As resources allow, improvements in the lighting in the car park remain a priority. Page **6** of **25** Thanks are due to the members of the B&SD team for their continuing work, often behind the scenes. _Stephen Grosvenor, chair_ ## Achievements and performance Church attendance - At the APCM (24 April 2023) our electoral roll stood at 169. - Our worshipping community is approximately 120 children and adults. Baptisms: Eleven children under ten years, no young people 11-17 year and eight adults. Marriages: Ten couples married in Christ Church. Bereavement ministry: Our staff team took 32 funeral services in church. The ministry team conducted 29interments of ashes and committals only. Offsite our team conducted 10 funeral services, a decrease from 24 in 2022. Written on behalf of the PCC by the Revd Canon Simon Stevenette on 1st February 2024 Administrative information **Incumbent:** Revd Canon Simon M Stevenette Christ Church Vicarage 26 Cricklade Street Swindon SN1 3HG **Lay chair from APCM (2021)** Jim D’Avila 122 Kingshill Road Swindon SN1 4LQ ## **Christ Church with St Mary’s, Old Town, Swindon:** - is a Church of England parish within the Swindon Deanery of the Diocese of Bristol. - serves a population of approximately 15,000. - the parish includes 4 primary schools, 3 secondary schools and many residential and nursing homes. - has a staff/ministerial team of 9 (of which 1 is stipendiary) - is in Cricklade Street, with St Mary's in Commonweal Road, both in the Old Town area of Swindon. - has its parish office at The Community Centre @ Christ Church, Cricklade Street, Swindon, SN1 3HB. The telephone number is 01793 522832, and email parishoffice@christchurchswindon.co.uk Page **7** of **25** - maintains the Christ Church website **:** www.christchurchswindon.co.uk. - has its Vicarage at 26 Cricklade Street, Swindon, SN1 3HG, telephone and fax (01793) 529166 and - email simon@christchurchswindon.co.uk ## Trustees during the Year *Trustees The PCC comprises the Vicar, two churchwardens, up to three representatives on the Swindon Deanery Synod, and up to 15 other elected members. The members of the PCC are the Trustees of Registered Charity number 1134032. ## **Ex officio members: Elected members:** *Rev’d Canon Simon Stevenette – Vicar * Sean Bolger (from 2020, until 2023 APCM) *Rev’d Norma McKemey – Associate Minister * Mike Frost Foster (from 2020, till 2023 APCM) *Daniel Pitt (Ex officio as chair of Old Town Partnership * Sue Clack (from 2021, until 2024 APCM) of Churches) (to 2023 APCM) * Hannah Feeny (from 2021, until 2023 APCM - *Jim D’Avila – Churchwarden until 2024 APCM (Lay resigned) Chair from 2021 to 2023 APCM) * Simon Giles (from 2023 until 2025 APCM) *Nitin Shinde – Churchwarden (from 2021 APCM to * James Davies-Spratt (from 2023 APCM, to 2026 September 2023) APCM) - Ailsa Palmer – PCC minutes secretary (from 2017 * Rose Earle (from 2023 APCM, until 2026 APCM) APCM to 2023 APCM) * Ian Farr (from 2023 APCM, until 2026 APCM) *Andrew Yeoward – Treasurer (to 2023 APCM) ***** Behbood Mozaffari (from 2023 APCM, until * Paul Ng – Treasurer (from 2023 APCM) 2026 APCM) *Anne Grainger (Deanery Synod, from 2020 APCM) *Ailsa Palmer (from 2023 APCM, until 2026 *Kevin Penfold (Deanery Synod, from 2020 APCM to 2023 APCM) APCM) * Frances Poel (from 2023 APCM, until 2026 *David Cain (Lay Chair from 29 January 2024) APCM) *Anthony Slack (from 2023 APCM, until 2026 ## APCM) **Other officeholders:** *Alison Tremlett (from 2023 APCM, until 2026 Stephen Grosvenor – Gift Aid secretary APCM) Ian Farr – Electoral Roll Officer Genny Williams (LLM representative) (from 2023 APCM, until 2026 APCM) Safeguarding team: Andrew Yeoward (from 2023 APCM, until 2026 Norma McKemey, Sue Jones and Ailsa Palmer APCM) Vulnerable adult adviser: c/o Safeguarding Team **Non-voting Attendees:** Carol Simmons – PCC Secretary and Parish Administrator/Clerk Chris Smith – Christ Church Site Operations Manager Alex Davies-Spratt - Verger Page **8** of **25** ## **Ministerial staff team** ## **Vicar** Revd Canon Simon Stevenette ## **Licensed Lay Ministers** **Associate Ministers** Margaret Williams (LLM Emeritus from Dec 2020) Revd Norma McKemey Genny Williams Revd Daphne Hardwick Anne Macmillan (LLM Emeritus from 2023 APCM) Revd David Day Ailsa Palmer Revd Moira Slack Kevin Penfold (LLM Emeritus from September 2023) ## **Banks:** Lloyds Bank plc, 5 High Street, Swindon, SN1 3EN ## **Independent Examiner:** James Gare FCA, DChA, Monahans, Hermes House, Firefly Avenue, Swindon, SN2 2GA The Parochial Church Council 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 no. 1134032 ## Structure, management and governance: ## **The Trustees** The Trustees of Christ Church are the PCC, which has the responsibility of co-operating with the Vicar in promoting the work of the Church in the parish. The appointment of PCC members is governed by and set out in the Church Representation Rules. The PCC is responsible for a wide range of activities affecting the parish including, but not restricted to, compliance with statutes and legislation and the creation of suitable policies and procedures to protect those ## considered to be vulnerable. It is important that the PCC adopts and implements suitable training procedures to ensure that members are equipped to handle the challenges this represents. In addition to the dissemination of appropriate reading matter, the PCC actively encourages individuals to attend training courses arranged by the Diocese or Deanery and to report back to the PCC as a body. The PCC actively encourages members of its congregation to register on the Electoral Roll and stand for election to the PCC. ## **The PCC has:** A Standing Committee – contact – PCC Secretary And 7 subcommittees that report back to the PCC: Page **9** of **25** o Buildings and Site Development – contact Stephen Grosvenor/Michael Palmer o Mission and Evangelism – Ailsa Palmer o Church Family – contact Anne Macmillan o Finance and Governance – contact Daniel Pitt/Andrew Yeoward o Children and Young Families – contact Sue Clack o Community Centre Events and Networks Group – Contact Chris Smith o Eco Group – contact Anne Grainger The PCC has delegated authority to the Standing Committee to make day-to-day decisions when it is not practicable in terms of timescale to wait for the full PCC to convene and decide. This delegation may be withdrawn by the PCC at any time, and any decisions made by the Standing Committee under this authority must be approved by the PCC at the next suitable opportunity. ## **Trusts related to the PCC** o Swindon United Charities o Christ Church Burial Board o The Friends of Christ Church ## **Risk assessment** The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The PCC encouraged members of the congregation to abide by the lone working policy. The PCC agreed a policy on vulnerable adults. The PCC endeavours to undertake risk assessments for events it manages. The PCC has a child protection policy. The PCC has reviewed the major risks facing them and systems/procedures have been/are being established to manage those risks. ## **Public benefit** We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. ## Financial Review ## **Charitable activities** The Community Centre had continued to be a large focus for our engagement with our local community. There were many regular groups that meet there including: exercise (for children and adults); dancing (for toddlers, children and adults); groups from other churches; a sewing group; a watercolour painting group; and many others. The outreach activities have resumed and back to pre-pandemics level, particularly helping the many lonely people in our area including the weekly afternoon tea on Tuesdays. We have continued with policies established in 2004, of our designated mission giving being restricted to the amount collected in the offerings on special Mission Giving Sundays. On these weeks we have a focus on the work of the different organisations that we support. The total mission-giving contribution in this Page **10** of **25** challenging year was £1,000 including gift-aid tax recovery which was sent to support the work of SHAP and WILLOWS. Our net parish share contribution was set at £105,000 at the beginning of the year. This contribution level was unchanged from the value in 2021 and reflected the reasonable expectations we had of our income levels recovering after the pandemic. The budgeted parish share contribution for 2024 was also set at £105,000, matching the request received from Bristol Diocese. ## **Fund-raising** Some of the usual fundraising activities including the beer festival were well received by the communities this year, contributing significantly to our funds. The beer festival contributed £26,056 and other one-off events such as jazz festival contributed a further £10,014. ## **General, Endowment and Restricted Funds** There is a revaluation of the church’s properties (Cricklade Road and Victoria Road) this year combined with gains on shares held the total gain on investment was £220,535 for the general fund and £420,361 for the endowment fund. ## **Church Reordering/Development and Renewal Projects** Generous donations towards the continuation of the development and renewal of the churches and grounds had been received in previous years. In particular, the refurbishment of the Rose Garden continued under generous donations from an anonymous benefactor. The £7,000 grant from the Kingshill Trust received in 2021 continued to support the development of our Audio-visual capabilities. These credits and consequent expenses were attributed to the Property/Maintenance and Development & Renewal restricted funds. Total spending on church reordering is £10,605 this year. ## Income Total receipts of unrestricted funds in 2023 were £349,603, up from £305,802 in 2022. This is largely explained by ‘getting back to normal’ after coronavirus lockdowns and improved stewardship campaign of the church with the congregations. In addition, receipts for restricted funds, including Property & Maintenance and Organ funds, was £2,000, up from £1,500 in 2022. No legacies were received in 2023. The “donation income” (see note 2a in the accounts below) was significantly higher (18%) than last year, indicating we should continue focus on our stewardship campaign and improve communication in 2024. Thank you very much to all who have supported the PCC during 2023, in which nearly £112,138 was ## received in donations. The Community Centre lettings were £91,634 back to the normal level of services activities. ## **Expenditure** £384,267 was spent to provide the Christian Ministry of Christ Church and St Mary’s Churches during 2023. This compares with £355,954 spent in 2022 and once again reflects the significantly increased activity in the church and community centre as we came out of the pandemic. This figure includes our Parish Share contribution of £105,000, unchanged from 2021. Other increased costs included energy costs, and maintenance of investment properties. Page **11** of **25** ## **Reserves policy** It is PCC policy to maintain (whenever possible) sufficient general funds, equating to four months of ‘normal’ turnover, in order to cover unplanned situations that may occur from time to time. This is measured as one third of the budgeted income for the year. The General Fund Income Budget for 2023 is £180,728 so four months of this would equate to £60,242. The total funds held at 31 December 2023 were £1,666,510, of which £1,196,448 was held in Unrestricted Funds (see Note 6 in the accounts below). However, £611,131 of that is tied up in the Tangible Assets (i.e. the Community Centre) (Notes 5a & 6), £496,808 in investments (Note 6) and £25,145 is in designated funds for the ongoing running of the Community Centre. This leaves a reserve of £63,364 which is £3,122 over to the 2024 reserves target. We will continue to monitor this situation during the year. ## **Environmental, Social & Governance Policy** In line with many organisations, we wish our funds to be deposited in ethically-oriented funds that seek to encourage systematic change in the way the environmental, societal and governance aspects of society are managed. It is therefore our current policy to invest surplus funds with the CBF Church of England Deposit Fund. The fund is managed in accordance with the policies of the Church of England’s Ethical Investment Advisory Group. Approved by Order of the Board of Trustees on 25th March 2024 and signed on its behalf by: Page **12** of **25** ## Independent Examiner's Report 2023 ## **Independent Examiner's Report to the Trustees of The Parochial Church Council Of The Ecclesiastical Parish** ## **Of Christ Church With St Mary's Swindon** I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023 which are set out on pages 14 to 25. ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination. I have no concerns and 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. James Gare FCA, DChA Monahans Hermes House Fire Fly Avenue Swindon SN2 2GA Date 26 March 2024 Page **13** of **25** Financial Reports 2023 PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WITH ST MARY'S. OLD TOWN SWINDON Siatement of Financial Acilvities for the year ended 31 st Decemb8T 2023 General Cwated A￿1￿Cted end0￿)ent F￿¢ Fund8 FuTrJ$ Fundl Total Fund• 2023 2022 COAIE ENDOWMENTS FROM.. D(*78t￿$ and Le9aue• Chwch A¢l'yrtRs Invesbnents Olher Trading Other In¢omng Rewurc Total Income and enth)wment• 106.818 16.844 36,500 83.597 481 244.241 S,318 91,$39 580 7,926 2,000 114.136 108.384 37.079 91.523 98.873 96,210 38.965 74.655 600 307,30J 2b 2¢ 2d 105,363 2.000 351,603 EXPENWVRE IJI". Chwch Aclyrt Ra￿n9 Fund8 213,900 43.731 300 257,931 117,616 5.120 336,636 47.331 300 384,267 311,177 44,744 3¢ Total expendltw• 121,217 5.120 355,954 N¢t oalnfllo••l on In¥estment• NÉT INCOklE I IEXPENDITUREI 220,535 206.846 420,361 420,361 640.897 608,233 119.281 167,9J21 115,8541 (3.120 Tr•n•fer• be￿*t￿ lund• NET MOVEMEWT IN FUNDS 206.846 11S,8541 {3.120 420,361 608233 167,9321 R¢¢onctliation ol fund•: TOT￿ FUNDS BROUGHT FORW*RD TOT￿ FUNDS CNRRIED FCIIWARD 964.457 1,171,303 40.939 25.145 10.478 7.358 42.343 462,705 1,058.278 1,666,510 1,126.210 1,058,278 Page 14 of 25 PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WITH ST MARYS, OLD TOIIIN SWINDON Balan￿ Sh•et a8 at 31$t D•¢emb•r 2023 2Q2 FIXEDA8SET8 Nol• 011.131 959.513 Investn￿l 5b 318.010 CURRENT AS8EfS 1.1S9 8,712 sw i*m dep￿rtI al 8Bnk ¥nd In hand 115.348 127.852 118.507 136,064 ABIUTIES.. NMOVNTS FALUNG DUE 7MfHIN OME YE￿fi 20.141 NET CURRENT ASSETS 113.8 TOTAL NET A88ET8 1.166,510 58.27 FUNDS 1.171,303 25.145 7,35B 462,705 gB4,4S7 DB¥hwBled Restrlcled 10.47e 42.343 Nwov•d by th• Pfrfoc￿ Chtrth C￿*¢41 on 25 March 2024 d wgnv•J cfi l¢• b•W ty Th• Rovd SlnKn Sthgnetto, Chlrrnan Page 15 of 25 PAROCHIALCHURCH COUNCILOFCHRISTCHURCH WITH ST MARYS. (XD TOWN SWINDON Notss to th• Flnanclal Statemonts for th• yoar on(knd 318t Dec•mbor 2023 1 Accountlw Pollcl•8 soIPrey¥tlon The fin8nclal $181en*nls of the chartty have been prep8red In 8crxJrdance ￿ the Charttbs SORP IFRS 1021 'Attt*unting and Reporting by Ch8rt*8'. Slaterr*ni ol R8torn*nded PAa** app*#b￿ to chart￿5 p￿Paring Ih•lr account$ fft accordance w*h the Financigl Reportkng Stsndard 8ppIc8bb in the UK and Republr of IreLgnd IFRS 1021 lelfedN8 1 JBnuary 20191,. F￿anc￿l Reporting SIBnd¥rd 102 'Th8 Financial Reportng Slanéard appl￿b￿ in the IM 8nd Rtrpublt ol Irebnd. 8nd th• Chart*s Aa 2Q11. The fkn8nciil $18iemnt$ h8ve beon prtparnd unéef the hk8torul cosl con¥enlbn os mDdMleé by the rev8￿81￿)￿ of assets. The financlal 51aterwnls ha¥8 been prepared lo gNe a Irue and lalrf #nd hè%* dèp#rt•d from ihe Ch#rthJ (Aceounls and Rtsportsl Regul81￿n9 2008 onty to •xteni rnquwod lo provlda o Inja 8nO 18ir ¥*w'. ThL¥ éep8rtur• hai Inw)tved folbw￿9 the Accounlno and Reporthg by (J8rt*s". Sts¢eTr*nt of ReCOrm￿nded Prac¢K• appltable lo hariiies preparfns thei 8ccounlS ￿ accord8nce the FiThancLql Reporting s18nda￿ appl'cabk kn thè UK and R•publ* ol Imland ts￿ed In October 2019 rnlher Ihmn th8 A¢￿untI)U Repthno by Ch•dt*8.. Slat•mnt ol R•conm•nd•d PrèclK* elfedke from l Apr4 2005 ha$ 6nce been wihdrawn. Th• Injst consthul•i • publk b8n•Th •nllly as é•lkn•d by FRS 102. Tho thgndol $tht*n*nl$ )r• pr•p*od A) $t•tkng lh* fvn¢4bno1 ¢un•n¢y of th• d)¥r*y •nd round•d to th• n8•r•￿ £. Thorn art no 1b3nffi￿nt Ima8 01 ￿09•m￿ntS of kéy aourt*i ol •stirnibn unc*rtinly. The Iwsle•• ￿n9￿j*r Ihal Ih•R or• no ff•tethl un￿rtant￿lS •bout Ihe Chartfj abllty Io L>)nlinue bs • goln9 ￿n￿rn. Legal Slaius The ch8rty k4 an unncoTrornlèd tharl8bK* INJt tonsllluted by InJ#t dèèd. The Addrnsa ol th• 0gbi•ffjd off*• •nd th• nature ol Ihts charly's operniknns and pmcipal ac1￿1￿$ aro g￿en In the ￿lie&S rnport. FUNDS Lknrn8trfd•d fvndi can be uaed In e￿OrdanCe *lth the tharfl8bk• ab￿¢11¥05 at Ihe dkncrelh)n ol tho t￿￿•85. f*8*3nal8d funds arn lundi #t 08k1• by lh• tnJ&é•i out ol unmsltst•d 9én8ml lundi lor ip•clk luturn purpos88 or projects. R•siittté funds can onfy bè uaèd lor pArtkulèr r•8trttod purposes wilhii thè objtcts of th• ehadty. Ro$tr*th)ns arfsè en specrf*d by the donor orvkneD funds afe railed lor part*)JLfjr restriclett purposes. The Revakjat￿n reseNe coDsg1s ol surpkjses 8rNng on Ihe ￿¥￿k10(￿n ol propert•8. Thb hjnd Try onty be uged on the ol tho propeth8, by rekn8 to unTrst￿I•d lunds. Further 8Kplanalk)n of the nalure and PLsrpose of eath fvnd k5 ndud8d In Ihe notes to Ihe fnanc•l st818Trnt¥. Th• aceounis hckndè all ts8nsÈctpJns, assèts And liabiM*s lor tho PCC is msponslbkn #i ￿w. Thoy do nel the accounts ol chartabk Groups that ov* thek alfI*l￿Tr Io 8Trolher body noithose that are nfonml galhedngs of Ctturth m&rrknèrs. Page 16 of 25 1￿ME RECOGNIT10N AI i)CO￿ i8 reo)gntsed onc* the charty has enllkmnl to the Incom, the￿ & sulknnl eettslnty of re￿ipl and so It probab￿ that Ihe kncom vxa be re￿￿d, and the amunt ol kncome reCe￿able can be measured relLabty. For bgacies. efftlthn*rtl * lèktn 8S the 08thr of.. ' Ihè datè on tha charity i8 0￿r& that pnbalt has bèon granlèd,. the eslgle has been fknalknd And nO1￿1C$1￿)n h8s been made by the emcuiorfsl to the TNSI that a distrfbulknn VAH b• m8de.' or ' a dthU￿en b ror*l¥od from th• estsl•. R•¢8pt of ) ￿03￿. In or In p8rt. h onty tt*nsNl¢rnd probabkn th• •rr•)unl c•n b• rna$urnd r•lk9bty •nd lh• charrty hgs been nOt￿d ol the execulorf8 knl&ntkJn lo trdke A dislr*Julp)n. lthere k9ae*s h8ve been n0lbl￿d to the cha￿y. or the chanty is awaT8 ol Ihe 9r8nliTrg ol p￿bale, and the c￿eri￿ lor rncognitDn ha￿ not been ml, then Ihe bgacy 15 a treated as a conlin9eThl asset and é*do8ed rf m8ieiial. Fundrn*kng ts Fund8 by ts Aulum F•yr• 8nd sk)*r •v•n18 •nd )¢o)unl•l fr*r 9ros8. Ofv*Jends and investThnts af8 accounted for vthen receivable except lor Bank iileresl uTrp8kl kn18rn8t l& ac(aued. Tax reco￿rabl￿ on such reo)gnisod in the saTh accounung year. In¢om from govemmnt ond olhar gr8nts •r• rncognlsaé 8118lr ￿lu• th•n th• ch8rtly has 8nlrtl•ff¢ftl 8ft•r ony perfomynce condllty)ns have been rnl, I Is probable th81 the incorm *il b• ond th• afmunt ¢an b8 rmasurfjd rel￿bly.11 entit￿￿￿1 L8 not Tht then these amunts are deferyed. G•ln• •nd ty) In¥••lm•nts R8gllsèd 981)s or bs888 afe f•cognkn•d vth•n iiv8slThnl8 orn sokl. Unreali*d 981ns or bs8e8 8r8 aco)unl•d lor on revalualDn ol Inv08tnwnls at 31st t￿cerr￿al. EXPENtXTURE REOJGNITION Lkqblttlg$ 8(* rn¢ognh•d a$ •xp•nd*ur• 88 x*on 0$ thern b 8 1gg)l orcon$1ru¢tl￿ obl*8tson r/)mnlttMI9 Ihe ¢h8rtty to Ih816xpendrture. Pfobable that s&llknThnl be requhyd and the an￿unt ol the oblyo1ty)n can be rnasured relwbly. Al expendrture Is 8CCOUThted lor on an accruals basls. All expenses. inchjdlng gjpport costs and governan Costs. arn 8￿Cated or8PPOrtth)ned lo Iha applKabb expendllure hoading$ in Iht ol fin8n¢*l aclhflbs. lff•rAvernb* VAT ts c*8rged 8gaknsi th• axpondlture h•8dlng f¢r whkth I wtss Incuryed. Gr•nts Grnnts and don8lNis arn accounied for whon patrj 0￿r, or aw8rd•d. rf that avmrd cr•ale8 8 blndng oblhJatiDn on the PCC. Aclv115•9 dlr•clly r•l4Ung to th• work olth• Church The DA)￿58n pansh share 15 8tcounled lorvthen pay8bb. Any 8h8rè unp8hJ 813181 Oeeenber ks p￿¥￿a*d lor h th•ge aco)unls as an oplty)nal Ilhough not a ￿0all knblrty and A $ho*n as 8 creditor In the BaLqnce Sheet. T•nlbl• fflx•d •*i•ts DoPrt¢knlbn L4 pro¥￿ed ai the lov￿ng onnu81 In 0￿er Io tM*e off e8th a88è1 over 1$ estin8ied usefijl Wo. Comrwnty untre b￿￿lTrg SO years on straight Ine bagL8 Fixtures, ffttings and equ*TrRnl S ye8rn on Stra￿h1 hne b8319 Ind￿dual ol equpThnt a PUTchag6 prtè 01 £1000 or arè off thè 8￿t is a¢ouhed. Page 17 of 25 Con8•crnl•d land and bulldSng9 and mov•bl• church fvrnlghlng8 G)nsecffjled ond benef￿d property Is excluded from the accounts by $.9612Xo) ol the Gharftks Acl 1993. No VA￿8 Lq pLqced on rnvAb￿ Church frJffli8hiigs hekl by the Churthwardens on speciAI trust ftom the PCC And h (èiu5rè$ a faeuly lor disposal Siheè thé PCC eofisbjèts th1$ 10 bè ￿alkI￿abl& ptopèrty. All èxpèfjélutès ffiCuNèd dudng Ihe year on consecr8led or bener￿ed buikdngs and ￿Vab￿ church lumishln9s, ¥thelher maintenance or inpffjvell*nl. is ￿ten off kn 04oenditurn in the Siaierrnnt of Fnan¢iAI AL#lvilifrs. InveJtft*nl ptopertles Invest￿nI propert￿9 are held 81 tO$l as a prnfes￿OnSl v&bJ8lion hcur ￿n￿￿an1 costs *￿U￿1 bé on@￿￿8 conwgrnd wryth the 8ddthon31 bene￿ gBinod by th8 user ol th8 8ccounts. Ifivè8to*fil* Investment¥ gr¢ ¥4￿¢d al rr•rk¢l Yaluo 0131 ¥t De￿￿0¢r. Deblo Amun13 o￿ng lo the PCG al 3131 tkcerTtsr In respect ol fre3. rents or other kno)nE are 3ho*n as debtor5 kss provbbnj for an￿unIS Ihal nwy prove uncolectsble. C8sh 81 bgnk 8nd In hand sh al bank and essh in hand inthdès cash and thort tèrn highty liv0￿n￿nIS s #hort n¥luty of Ihrnè nK*fiths or1é88 from thè dalè ol iLY4uis*k)fi or oyfilfig ol thè d•po$l or &ee4unl. Credllo(J and Provlthns Credllof5 are recogniyed where Ihe charfty has a present obIbal￿n resulkng Irom a po31 e¥enl Ihal *ll probably resuft in the Ir8nsfer ol funds lo a IhiNJ p8rty 8nd the amunl due Io sellle the obligalbn c8n be N*8surod or esllmtèd rn18bty. Cr9dilors ar9 nornaly recognjsod al Ihoi sgllbff*nl an))unl anor alowng lor any tr9dg dscounts duo. PènsLIrt8 Errpbyees ol Ihe chat*y are entkkd to loln a def&)ed conlthutbn knney purchase, xheffÈ managed by NEST, The Church'8 cOnt￿UlKIn is rest￿181 lo the ￿nt￿bUt￿n5 d¢thsed n note 4. There ￿re no outstandkno conldbu1￿nS al the year end. Flnandal InstnJNÈnis The charty onty has fknèndÈl Assèts and flnèndal l￿bIll*S ol A kind thAI quA* AS b&$￿ fmdndal InstNThnls. Ba finat)eial thJltyh¥Jnl8 Inlèlty rè¢o9hi8èd al trèn$aetion vA￿a afid ￿b$01￿èn1lY al thèir #èlWètl¥Jfil v8hJè h the eXcep1￿n of bank bjans arn subsequenlty ff•asured al armrtiyed cost ￿￿n9 Iho offed1￿ vilor•sl rnlhod. Page 18 of 25 PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WITH STMARY'S, OLD TOWN SWINDCI4 Notes to the Fknanclal Statements for tho year ond•d 31st D•comber 2023 2 Incomo and En(b*Thents frc*n: G•n•rnl Fund Tothi Fundi 2023 2022 Funds Funds Funds 2• Don•dofts •nd L•g•¢1•4 Planned gkn'ng.. Standng Order donatkJn8 Partsh Givng Sehem Other plann•d gi¥lno 1•n￿￿posI Col&ctKJn8, open ptst& 8t all servtes Gilt day3 Sundry donatlons DonBtknnslapp••ts •t¢ Incom& lax r•cov•r•bb• lknc PGSI Legac￿$ De￿￿P￿Wnl & R8n?wal Cowfftinity C•ntre grnrg 12.873 50.486 2.337 7.098 12,873 $0,486 2,337 7,090 9.067 48.688 1,640 6.135 1.4ei 34S 17,682 15.996 345 22,682 15,996 3.000 2,(￿0 9.385 1fj.874 2.318 2,311 590 101.818 5,318 2,000 114,138 96.873 2b Chweh Aell¥lll•s Hals bIl￿gS Feos Book￿*11 DeAn•ry Grnnt• 91.539 91,634 16,040 710 14.240 9.931 16.040 710 11.144 91,539 108,384 91,210 2c In¥•ifrn•nts DwKland8 and inler•sl Renewabte Energy Prop•rtlfrs 2.511 3.612 580 3,091 3,612 2.OS3 4.039 38,500 S80 37,079 38,915 Id Olhor Tr•olng Acllvlll•• Fundrniging Evenlj Car Pa Corfffiwnrty Centre Bookhg S•p4t• 67.862 15.735 7,406 75,261 1 S,735 520 91,523 45.944 15.840 520 7,926 83.597 74.6S5 2• Other In¢omlng R•*our¢•* Othef 4B1 481 481 fjoo 800 244.241 105,383 2.IKIO 351,8OJ 307.303 198,399 107,404 1,500 307,303 Page 19 of 25 PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WITH ST MARYS. OLD TOWN SWINDON Notes to the Financlal Statements for the year ended 31$t December 2023 ¢ontlnued EXPENDITURE ON: Total Fundj 2023 Fu￿1 Funds Fund5 2022 34 Church Adivitse issionary and charilable giving . rn55ipnary so¢￿￿*$ and ov•rs••s - r•li•f and d•v•lvpm•nt a9•￿1•5 . Th*sS￿n$ and othefclweh Souetsès 510 293 - 5ewlar chanbe5 Sub-total M155ionary & ¢haritabl* 1.000 1.000 1.404 2.213 P•nsh shw• (pw) inoJmb•ni •xp•ns+J oth•r d•rgy ¢OIts Chw¢h n￿nn@ expènses Church Mwot•n￿o) Childr•n & Ywn9 P•gp Churth Fanw Mosion •nd EV•r￿+1￿*M Communty N•tM)￿S Hom• G￿Up* F••5 p*id Offie• •xpMs*s Pm*ino •nd wts)n•ry Prop•ty 100.000 1.048 5.378 27.479 105,000 1.0 5.570 28,787 9.810 1015.(XXI 1.494 3.311 21.35S 8.11x1 6.001 37 6.690 1,622 2,160 2,52T 3.770 1,432 2,152 2.739 2.1eO 2.527 5.485 5.120 10.605 33,496 l170 14.827 27.934 1.508 Wag•s and Mi•ri•s IrA•p•nd•ni I•• Community Certre Wag•5 a￿1 sal41i•• 33.4tXI 2.170 88.1n 32YJ 88.177 J,226 07.944 11.409 Admw)istratron RunThwwJ Cos Depre¢)abon s￿.101a1 C(¥Tbmunity Cen r•t•l Chur¢h Aetl¥tr* 3b Rais•ng Funds Fun*Jraigng Ev•Thts Fundraisnq Iwèbsrte. slw4rdshi>l D*¥eSopment and rwew*l- this d*$4nat•d t Total Rai6ww Funds 19.384 19,384 15,278 126,065 336,636 20.354 15.278 15.212 15,278 15278 213,9110 110.787 117,616 5.120 311,177 41,90 201 45.506 261 34,882 210 1.564 43.T31 1,564 47.331 9.045 3¢ Othér 3011 300 r•t•l Oth*r 33 TOTAL EXPENDrniRE 257,931 121,217 5,120 384.267 355,954 COMPPRATIVE PREVIOUS YE14R 233,951 118,191 3,812 Page 20 of 25 PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH ThTfH ST MARrs, OLD TOWN SVIINDON Nrt•8 toth• Fhbxl•lSt•l•m•nts lor th• year •nd•d 31st D•c•mb•r 2023 ¢t￿n￿d rDlslFufftl 202J ( tQ•.3 3.953 1.234 2.122 121.173 S*•ff F￿￿ {£J 28.7fMI 1.037 1.636 2.122 33.496 FI￿d8 (£} 80.683 2.918 l£} 2022 [£J 88.673 3.801 2.424 978 gS.877 Effpljyorn P•nJiDn Co*B Nptvn81 InsV@ Pa￿1 Co 88.177 Th• cDm*J•• th• pcc fin•ncwl ￿*T. ho**¥•i. M pn>¥wK>n w fflid• IDrurry7￿ o¥•r4brwwd ￿￿rA. lo rbo ACUUAI n••dAto b• mid• folthk. Fr••Wdl•I￿ OMM •q￿P Totsl ROSS BO¢)K V•LUE Al 1•t 2023 7e3.914 703.914 At J1¥ Lkn¢•ffOv 2023 14 OepHeUAT￿ At 1•t 2023 137.501 15270 137.SOI 15278 152.783 At 31•t C*r4rti•r 2023 14ET fAIOKVAUn Al l•t J•Thuary 2023 *J Jlit D•E•mb•v 2•2J 826.409 26.409 )IOllkn 01.012023 31.12.2023 In*#N￿t pffjp•ib•• L*•¢J In¥o•tw•nlB'. h•m Rold Fund 140.754 621.241 1.047 3.309 20.112 1.•47 3.•10 22.•44 C8F CBF CBF G•n•rdl I O•n*tyl 2 COIF Sm￿dD￿ Cbj￿h & P¢)DrL*nd• Lr•rgod 3.5% lff•d St• 14.015 3.713 11J.121 44.121 494 40.4 4BI 318010 640.897 r•nt¥alu••. Inthin*Dt b)A•D 0ncrtk￿• SIT••I ￿ 4 •MF• eoinTrW¢lW ¥A¢i(w A1. •rn••¢mli•OfMM £24*0ty) ￿ £2¢4),t￿ Foll￿￿0p*1Y 121 v*i¢rkn •iwrdt•o £415.L J Y* h*• a •r*• Inirdi £317.ro) ANALYSII OF NET￿8￿ Tclal Jnda Fvrd$ F¥nd• Fund* 61f.131 •59.513 116.SQ7 20.641 In¥vstn4nl ft¥frd aH•l• nynt Cunvnt NAblt•B IP4]t• l) 496.808 78.324 462.705 28.$10 9.844 2.2861 1 171 303 2D22 *JIALYSII OF NET AJSETI Gqn•rdl C*sgn•t•d R•stixl•& Endo*Tr•rt FuThl FufK1s Fundi Funds nd• 626.409 275.68 78.008 626 02$A 318.010 136.S64 22.705 1 058J78 42.343 Curtgni otsÉ8ts CLmnt l#t•wu114Jte 81 45.809 12J47 2A19 10.478 40.9D9 42.343 Page 21 of 25 PAROCHIALCHURCH COUNCIL OF CHRIST CHURCH WITh ST MARYS, OLD TOWN SMNDCthI N¢Ao$ to th• Fln•n¢l•l Statomont¥ for year •nd•d 31$t Docember 2023 c(xhtknugd DEBTORS 202J 2022 InoJm& lax recDv8rabkn INB Some GKt Ahl atrBady racovered TrAa PGSI PrepJyft*ntg Otherdoblors Icormwnlty C•ntr• bookiigs, FIT & RHII 1.159 3,591 5.121 8.712 1.159 LtAelUTIES..AIIOUNTS FALUNG DUE Y•lTHIN ONE YEAR 2023 2022 AccDJals and defenDd t A¢cnJaLs lor uljhlws and Olh•r easts èdiiors for good$ •nd •¢th• Agonty ￿￿nI*S 16.135 18.220 2.220 2,288 20.641 2.018 2.489 22,70S t Deferrnd kncorrn 2024.. car park rnnt.. conYrnThty c•ntrn krylbngs,. & ￿ddkng 1••8 FUND DET￿Ls Inc4>r Exp•ndltuffj Trnnaf•r 31.122YZI G•n•rnl 964.457 244.241 257.931 220.535 1.171.303 cOn￿￿￿Y Centre Des¥n8t•d Cknwkjpml & R•ne*•l 0o$kJnated Organ Oesyn8ted Proptsrty & Maini. Do$kJn•ttsd B•ls & T0￿rn Oes*n8ted SU8.TOTAL D•sb3n•t•d 39.439 636 70 100.045 2.318 115.712 5.485 23.772 12.531 70 3.015 819 25.145 3.000 839 40.999 20 121.217 105.363 St V•rV3 RestrW•d C0￿mj￿￿Y C•ntM Restrtitrd c*￿10pM1 & RenewBI ReslJrled Property & M8in1enaTh￿ RegIr￿ed SUB-TOTAL R•siwki•d 2.801 8.627 1.250 10.478 2.601 3.507 1.250 2.OCKI 5.120 urth & Poor Lands SUB-TOTAL Endoww•nt Endo*n*nt 42.343 42.343 420.361 420.361 462.705 462.705 TOTAL 1 058.277 351 603 384 287 640.897 1.666 510 Fw)d• Corrfftinrty cen￿ - thkn de*naied hobJ• rnney re￿￿Tra to the ntsnnkng of the Cornnty Cani corr￿n$tY Centr8 - th& pastrki8d fund hokls rr•Jney reklkng lo don8lbns and gran18 racefved lor spec4f* acdvth8 re￿1￿9 to the ConY￿nIty Centr• rkn￿k)pn*n1 8nd renew81- Ihb d09vJnbled fund ho￿8 rTh)ney r•L8tlng to lund$ 88mwrked by th• PCC for •p•cl¢ 10 the d*veh)pmttnt ol the lacihbe5 provhytd by thè PCC. c*￿10p1r￿nI and Ren8￿1- this re511iclod fund hok48 TrL)ney 10 donaiw)ns and grnnl$ ffjtefvèd lor ¥peci￿ reLg1kn9 to tha devehJpm8nt ol the laahb'es provld8d by ihe PCC, e9 prov&knn or renew810l audKJ-¥&%ual equipn*nL Propèfty & M?inltnJne6- Ih¢? d¢s￿n41èd hjnd holas rn￿Y sèi asKlt for qU￿qu•nnl•l rBpar such a* roof Cburth & Poor Lands. iicom Irom Ihis endofftnt frJrtd be uaed fot ¢hurth maintehaneè Tvartr•f•r• 8•t**)•n Fund• ) not trnnsfern bet*•en funds tjone dumg Iho year. Page 22 of 25 2022 FUIXI DET￿Ls Incon ExF4ndlurn Transfer Gain8lkJ$8e; At 31.12.2022 Genèml 1.017,216 198.399 233.951 117,2071 964,457 Cowffjwnty Cen C*sbnat8d C*velopml & Renewal C*synated Orgon C*s¥nated Propety& Ik4rt, C*sbJn8teO Beb & TO￿15 C*sbJn8ted SUB.TOTAL C*sYJn8tod 40,265 10,649 107.334 108.159 10.013 39,439 636 7Q 15 839 40.999 70 15 859 51,787 20 107,404 118.191 Si Rest¢Kted Com￿nrtY CMts• R85trdod C*velopml & Rena￿1 R•strKted Propety & Kqml•narK• Resbkled SUB-TOTAL Restrrtled 4,540 7,000 2,024 1.588 2.601 8,627 1.25Q 10.478 1.215 12 790 1.300 3.612 Churth & Poor Land8 Endoww•nl SV8.TOTAL Endo*w•nl 44,417 44417 074 2074 42 343 TOTAL 1.126,210 307,103 3SS.774 19,281 1058.278 ConJNnrty C4ntm - Ihb desgfi8led fund hokls nyjney re￿1#￿ lo the nJnThkng ol Ihe Con¥r•Jnty Q9nlfe cowff￿nrtY Conlryd . Ihkn r•stncl•¢J fund hokJ8 nb)n8y ro*iln9 lo doniiDnJ end grnnlj rK•NYd for spo(4k 8t￿￿1$ rdllhg to the Cofflwwnty Centre C•￿10pmnl ond rènèwal. thly d&Jyniléd lund ho￿9 nbjney rnlglhg lo funds èanw Aèd by Ihts PCC lorspocfv rèLqliig lo tho devebpn*nl ol thè tsc1h.￿s Prov￿0d by Ihe PCC. Cevelopmnl and Renewal. Ihts reslricteé fund hohY8 mney reblhg to donailons and grnnts rec*Ned for specrf¢ aclmles reL91ing lo the devebpmnl ol Ihe tsc1k￿$ pro¥￿ed by Ihe PCC, eg Provv￿n orren8W810l aud￿.¥￿81 equprnni, Prop6ty & Maknlènanc* . thi¥ desonaied hjnd holds ffL)nèy sèl as￿8 for quinqu&nnial repalr $u¢h 45 roof Church & Poor Land5. hcom from thjs end0￿￿nI fund can b8 used lofchuth mantenanc• Tran•hrn B•ts*•n Funth No nel translots bol**¢n fvnds dono duthg Ihe ￿•(. Page 23 of 25 10 FURTHER NOTES Communlty Contre & Church L•ttlng¥ O•slgnat•d R•sL 20231£) 2022 {£) 91.639 91,639 97,118 520 520 10,301 7305.6 7.306 580 580 100.045 100.045 107,419 Lettingsleamings DOnat￿nS, GTrnts&lnter81 Fund Raislng Other Total Incom• Uliliti8s HouseholdlMainl8nance Salanes Fund Raislng Cost Tolal Exp•ndtur• 22.610 1.288 88.214 3.600 115.712 22.610 1.288 88.214 3.600 115.712 100,875 14,009 18,922 67,944 16. there are no bnger rplev8nl lo measure the $urplu$ or defvl ol the in¢orre 8nd expendrture of the Comft￿n￿*S centre abne OV*ing to the in¢on* and expendrtuTr are mrg&d ¥Mth church aCtivrt￿s as a vknole 11 R•lal•d Party Tran•actlon¥ TN•kn• and R•lat•d Party B•n•flts & exp•n••s l*Jne of the trnstees Y8ceried any renyJner81ion from the PCC Tru•f•• DM•Oons Totsl donations of £16,900 recer**d from IN8lees. These donati?ns V•pr8 all g￿en vAthoul ndiiions. TNstees also donate vig church pl8te collectKJns. These 8mounls are not re￿ryjed separal81y. Flnanclal Rlsk Management The chanly has min1Th￿l exposure to customer credit i15k, IKIUKlly risk and market risk. Please rnfer lo the risk ffwnagem6nt seeth)n ol th6 trustèes annual feport for inf0m*l￿n on how risks are rnnaged. 12 Page 24 of 25 13 8tsknm•nt of Fin•nBlal AcOYitio1 hr thi y••r •nthd 31itO•coth 2022 NDlo G•nwrnl Fund rA￿nIted Rea￿1•d EnduThnt Totsl FuTrJ8 Fundi Funds 2022 2021 r￿n&t￿)n8 and Lagac•J Athrt*s 28 2b 2¢ 2d 93,254 11,962 38,965 53,817 800 198.39 2.204 B4248 96,873 M,210 38,965 74,655 600 J07.303 139.254 88.040 30,822 39.957 C*hofTrnding Ctheflnconing ROWU￿• Totsl incLTh •ndDwminll 20.952 85 107.401 1.500 303.873 expENDIWRE ON: 198,088 3S.831 33 233.951 111.303 6.889 1,78B 2,014 311,177 44.744 J3 355,954 262.976 10.587 130 273.693 FuTrJi ¢Jhef Totsl •A￿￿11￿• 3.812 ltsl ylnlUo••lon1fvoikn•n ItT INCOME I IEXPENDITURQ 17.207 152,7591 110,7881 2.074 19.211 12.0741 107,9321 20.830 57.010 (2.3121 Tr•n•hrn b•t*••n ￿ndS IET IA)VEIIEMf IN Fulakl 152,7591 110.7881 (2.3121 12.0741 167.9321 57,010 TOTIL FUNDS BROUGHT FOlfllAHD TOTIL FUNDS CARlllED FOItWARD 1.017,216 964.457 51.787 40.999 12.790 10,47B 44.417 1,126,210 1,069.200 42.343 1,056,278 1,126.210 Page 25 of 25