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2021-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FULWOOD CHRIST CHURCH, SHEFFIELD

(Also known as Christ Church Fulwood)

Audited financial statements For the year ended 31 December 2021

Registered Charity Number 1134057

Christ Church Fulwood Financial statements for the year ended 31 December 2021

Contents

Legal and administrative information 1 – 2
Report of the Council 3 – 12
Report of the independent auditor 13 - 15
Principal accounting policies 16 – 17
Statement of financial activities 18
Balance sheet 19
Statement of cash flows 20
Notes to the financial statements 21 – 30

1

Christ Church Fulwood Financial statements for the year ended 31 December 2021

Legal and administrative information

Ecclesiastical parish: Fulwood Christ Church, Sheffield

Address:

Council members:

Canterbury Avenue Fulwood Sheffield S10 3RT Incumbent Rev. Paul Williams (until 30 Sep 21) Associate Vicar Rev. Pete Scamman Cl (on PCC for full year; Chair from 1 Oct 21) Assistant Curate Rev. Matt Lawes Cl Director of Operations Rev. Stephen Rae Cl (from 20 Apr 21) Minister for Students Rev. Andy Fearnley (until 12 Oct 21) Churchwardens Alan Butler (until 14 Jul 21) Jane Patterson (until 14 Jul 21) Emily Davies W (from 14 Jul 21) Bill Thomas W (from 14 Jul 21) Deputy Churchwardens Tom Smiles (co-opted until 14 Jul 21) (Co-opted, unless elected) Jenny Clemence (elected to PCC and co-opted Dep. Warden until 14 Jul 21) Alison Linsky E (on PCC for full year; elected Dep. Warden 18 Oct 21 Deanery Synod Bob Edmonds E representatives John Grant E Josef Korchinsky E Diocesan Synod Rev. Pete Scamman representatives General Synod representative Jane Patterson E Members with elected role Paul German E Mission Committee Chair responsibilities (elected to PCC 14 Jul 21; previously co-opted as MCC) Emma Glaves E Secretary (elected to PCC 14 Jul 21; elected Sec. 18 Oct 21) Sally Hewson E Parish Safeguarding Officer (elected to PCC 14 Jul 21; previously co-opted as PSO) Paul Houghton E Treasurer (elected to PCC 14 Jul 21; previously co-opted) Chris Nex E Lay Vice-Chair (elected to PCC 14 Jul 21; elected Lay Vice-Chair 17 Jan 22)

*Rev. Scamman deputised for Rev. Williams as Acting Chair from 7 September 2020 until 30 September 2021, and then, upon incumbent vacancy, took the Chair as senior minister.

2

Christ Church Fulwood Financial statements for the year ended 31 December 2021

Legal and administrative information

Council members (continued): Elected PCC members Max Broadbent (until 14 Jul 21) Jenny Clemence (until 14 Jul 21) Tom Cudmore (until 14 Jul 21) Dave Gill (until 4 Mar 21) Mark Houghton (until 4 Apr 21) Johnny Lockwood E Penny Simons E Becky Stephens (until 18 Sep 21) Alistair Wheatley E Heather Wilson E Richard Holland E Andrea Jordan E Peter Collier E (from 14 Jul 21) Adrian Harris E (from 14 Jul 21) Gill Manifold E (from 26 Apr 21) Nick Morley E (from 14 Jul 21) Jonathan Norgate E (from 26 Apr 21) Andy Priestley E (from 14 Jul 21) Vivienne Richardson E (from 14 Jul 21) Ronan Wade E (from 14 Jul 21) Tricia Ware E (from 14 Jul 21) In attendance Heather Charlton A Parish Safeguarding Officer (elected to PCC until 14 Jul 21) Ian Harris Secretary (until 14 Jul 21)

PCC membership summary at the date of this report:

No.
Cl – Clergy (Voting) 3
W – Churchwarden (Voting) 2
E – Elected lay member (Voting) 25
Co – Co-opted onto PCC (Voting) -
A – PCC attendee (Non-Voting) 1

Status: A charity registered with the Charity Commission

Bankers: Virgin Money 66 Fargate Sheffield S1 2HE

Auditors: Hawsons Chartered Accountants Pegasus House 463a Glossop Road Sheffield S10 2QD

3

Christ Church Fulwood Financial statements for the year ended 31 December 2021

Report of the Council

Objective and Vision

The objective of the Parochial Church Council (‘PCC’) is to promote the gospel of the Lord Jesus Christ according to the doctrines of the Church of England. Under this overarching objective, the church seeks to glorify God by pursuing a threefold vision, established in 2008:

We are seeking to turn this vision into reality as set out in more detail below.

The PCC have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. The broad objective set out above and the detailed activities described below highlight some of the key benefits provided to a wide cross section of society, including residents of Fulwood parish, those further afield in Sheffield, and many others across the UK and the world.

Turning the vision into reality

The church’s vision includes an intention to plant new churches regularly within the Sheffield Diocese and the surrounding area. God-willing these churches will go on to plant further churches and it is the PCC’s prayer that this would continue until there is a Bible teaching church in every local community.

Since the launch of the vision in 2008, Christ Church Fulwood has been involved in five church plants, along with one church plant that was established in 2003. Each plant has been different – ranging from a group going with a leader to establish a new church family, to ‘grafts’ of Fulwood people joining with a smaller church to revitalise and encourage growth.

In addition to plants, the church has continued to strengthen its close ties with a number of other Anglican churches across the diocese, two of which are formalised as Mission Partnerships: St Andrew’s Kendray and St Thomas’ Kilnhurst.

Christ Church Fulwood supports the national ReNew initiative which, by God’s grace and in God’s strength, is committed to praying and working for a network of healthy, local Anglican churches throughout England. Locally, the growing network of plants, formalised Mission Partnerships and informal connections with Bible teaching Anglican churches is known as ReNew South Yorkshire. The PCC sees these regional supportive relationships between local like-minded churches as increasingly important.

Churches involved in ReNew South Yorkshire
Christ Church Fulwood
Christ Church Central - Church Plant, October 2003
Christ Church Endcliffe - Church Plant, September 2009
Holy Cross Gleadless Valley - Church Graft, September 2011
Christ Church Walkley - Church Plant of Christ Church Central, September 2012
St Mary’s Wheatley - Church Graft, September 2017
Oughtibridge Parish Church - Church Graft, July 2020
St Andrew’s Kendray - Formalised Mission Partnership
St Thomas’ Kilnhurst - Formalised Mission Partnership
There are seven additional churches in South Yorkshire with informal relationships.

4

Christ Church Fulwood Financial statements for the year ended 31 December 2021

Report of the Council - continued

As a high priority, not least in order to plant, the church needs to train people to be leaders who are godly in character and able to handle correctly the word of God. Christ Church Fulwood seeks to train members of the church family in a wide variety of contexts and with different opportunities in mind – serving the local church in Fulwood, as leaders of church plants in Sheffield, or leading ministries all over the UK and around the world. The three primary contexts of training are as follows:

The vision for training leaders has led to a number of people being sent to attend full time residential theological training, in particular for ordination in the Church of England.

The PCC is committed to gospel work beyond the walls of the church buildings and beyond the boundaries of its parish. Many members of the church family are actively involved in wider areas of Christian ministry. The leadership continues to encourage members of the church family to consider training for Christian ministry elsewhere in the UK and overseas, and the PCC provides support for mission partners working in cross-cultural, youth & children, and other ministries.

1 Corinthians 13 teaches that love is the authentic mark of spirituality. As a bible teaching church, therefore, Christ Church Fulwood wants to be known as a loving church. In this context we aim for the church family to be growing spiritually and growing numerically , becoming mature disciples of Christ.

The church has a responsibility to see that every resident in Fulwood (whether friend, neighbour, colleague or family) has the opportunity to hear the gospel of Jesus Christ, and therefore there is a significant focus on evangelism. The church also encourages those who are part of the church family to be actively reaching out to the community through a variety of practical ministries. And finally, the church recognises its obligation to consider the future development of the church buildings of which the current generation is steward, and this has led to the ‘Building for the Future’ programme.

Growing spiritually

The church seeks to grow disciples: to help everyone who is part of the church family to become mature in Christ Jesus. In addition to the Sunday teaching programme, most members of the church family belong to small groups in which they meet regularly to study the Bible, pray and encourage each other. The church also provides opportunities for church family members to be supported in areas such as marriage, parenting and being a Christian in the workplace.

Perhaps the most important event in the church’s diary is the monthly Church Family Prayer evening. This is vital for members of the church family to learn about and pray together for the work of the church, for mission partners and for current world issues, thereby demonstrating the church’s total dependence on our sovereign God.

There is continued encouragement for members of the church family to consider training for Christian ministry elsewhere in the UK and overseas, and support is provided for mission partners working in a variety of areas including cross-cultural environments, with youth & children, short term mission trips and those training for mission. The Mission Committee is responsible for distributing grants, for recommending new mission partners to the PCC and for ensuring gospel focus is maintained. The majority of this support goes to long-term mission partners.

Over recent years we have welcomed an increasing number of Mandarin speaking Chinese to our services and a Mandarin Fellowship has met monthly at Sunday lunchtime.

5

Christ Church Fulwood Financial statements for the year ended 31 December 2021

Report of the Council - continued

Growing numerically

The church seeks to reach out to the local community and beyond. Sunday services are open to all, with regular guest services specifically designed for those who are not familiar with church, and since the start of the Coronavirus pandemic, all services have been broadcast online. Various events take place to make it as easy as possible for the church family to bring friends to hear about the gospel of Jesus Christ.

Routes into the church family are provided at all ages, including:

As well as facilitating routes of personal contact, the PCC recognises the importance of physical accessibility to the church premises for all people.

Reaching out to the community

The church family of Christ Church Fulwood believes that Christians should be practically involved in the community in many and varied ways. Church family members are active as school governors, working for the Samaritans or Citizens Advice Bureau, being trustees for charities, volunteering in local groups, on summer camps and in sports and social clubs. The church welcomes and encourages this kind of service.

The church also has more links to a number of ministries locally and beyond. These include:

Individual church family members are involved in these community ministries and many others.

6

Christ Church Fulwood Financial statements for the year ended 31 December 2021

Report of the Council - continued

Development of the church buildings

The physical buildings of Christ Church Fulwood should be a place where people of all ages come to know Jesus Christ, grow in that knowledge, and go on to serve him. The “Building for the Future” project is driven by that aim. In line with the church’s vision – to plant churches, train leaders and grow Fulwood – there is a need to adapt the site and buildings to make them more suitable, safe, and a place which is warm, light, welcoming and alive, reflecting the God whose message is proclaimed.

The church’s buildings have been at the heart of the community of Fulwood for more than 175 years. The fabric of the church building itself, the site and the church centre have evolved as needs have changed and as the buildings have aged. They have worked hard, and the main structures remain sound, but they are in need of attention. There are increasingly challenges of crumbling masonry, ageing electrics and inefficient and inadequate heating. The buildings are not as accessible and welcoming as they could be and at times they are actually hindering the church’s aims. After much prayer and consideration the PCC has been working on a project to provide buildings which are flexible, accessible and welcoming for gospel ministry, witness and service to the community for generations to come.

Review of the year

A year of challenge

2021 was another challenging, and at times sad, year for Christ Church Fulwood. Once again the Coronavirus pandemic has dictated, and limited, much of the ordinary activities of the church. We have continued to meet in person during the year as permitted, and it has been a blessing to many to be able to meet physically with the community of the church family again. Youth and children’s ministries have increased during the year, although we are still unable to offer all the activities we would like. Our Sunday services have continued to be streamed online to support those distancing, isolating or not comfortable to meet in person.

The work of the Building for the Future project has meant that church services have met in the church hall, which has reduced the capacity of each service, and frequently restricted the numbers able to attend Sunday services in person.

During the first half of the year the PCC received the report and recommendations from a Bishops’ Visitation, as well as a separate report and recommendations from the charity thirtyone:eight. Both reports identified weaknesses in leadership and culture within the church and the PCC have now set up a sub-group to consider and implement the recommendations from the reports. The PCC is positive about the improvements which it expects to see in the operations and activities of the church in the coming year.

Staff turnover has also contributed to the challenges encountered during the year. Whilst the PCC has been delighted to be able to fill the Director of Operations role, the church has been without a vicar or student minister for much of the year due to the leadership challenges noted above, ill health and subsequent departure. The PCC is grateful to the remaining staff team for all they have been doing to lead and serve the church in these circumstances and appreciates that this has been a difficult time for each of them.

Attendance and membership

Those who attend church meetings on a regular basis may sign up to the Electoral Roll, which is the formal membership of the Church of England, allowing members to vote at the Annual Parochial Church Meeting (‘APCM’). The figures for the Average Sunday Attendance, counted during October each year, previously gave a more reliable indication of the size of the church family. These show gradual growth in church numbers between 2014 and 2019. However, no count was performed in 2020 due to the pandemic restrictions and, in October 2021, although physical meetings were taking place in person, capacity was limited due to the combined effects of the pandemic and ongoing building work.

7

Christ Church Fulwood Financial statements for the year ended 31 December 2021

Report of the Council - continued

----- Start of picture text -----
1,200
1,000
800
Sunday Attendance (16+)
600
Sunday Attendance (Under 16)
400 Electoral Roll at APCM
200
0
2014 2015 2016 2017 2018 2019 2020 2021
----- End of picture text -----

Parishes have to renew their electoral rolls every six years in accordance with the Church of England’s Church Representation Rules. The last renewal was during 2019, when everyone who wished to be able to vote on church matters had to sign a new form. Typically, electoral roll numbers drop at this point as some church family members do not sign up again and others who have moved away over the six years may not have informed the church office. There was a gradual increase in roll members from 2013 to 2018, and then a slight fall from 2019 to 2021. This is not unexpected with the departure of the Oughtibridge church plant and the ongoing pandemic providing little encouragement for new members to sign the roll.

Update - Vision

During the year, the church has continued its active support of the national ReNew initiative and, locally, a regional network of like-minded churches is now firmly established as ReNew South Yorkshire. Ministers from these churches are active in prayer and mutual support.

There are six Ministry Trainees in the 2021-22 cohort. As well as receiving training, they help in many practical ways and contribute enthusiastically to church life.

The PCC is delighted to be working closely with the Yorkshire Gospel Partnership in the delivery of Bible Training Yorkshire (‘BTY’) throughout 2021 under the leadership of Minister for Training, Rob Mullock. Training was carried out mainly online at the beginning of the year, but since September 2021 has been able to be in person at St Mary’s church in Wheatley, Doncaster.

With a return to meeting in person, many regular and one-off activities were able to be held again in 2021, albeit with slightly smaller physcal capacity than normal. These included our annual Carols by Candlelight, and our first Fireworks night display. These events and others have enabled hundreds of adults and children to hear the gospel of Jesus Christ. Those attended were encouraged to investigate further and in total, 41 people (2020: 74 people) attended Christianity Explored courses during the year.

“Small groups” continue to be attended by most of the regular members of the church – in total over 600 people continue to be members of “small groups”, most of which meet weekly to study the Bible passages being covered in the current Sunday sermon series. Most groups have continued to meet on internet video platforms for most of the year.

Update - Development of the church buildings

After many years of careful planning, in March 2021 the final local authority and Church of England permissions were obtained, and a substantial reordering of the main church building and some more minor works to the church centre began in April 2021. The aim is to adapt the buildings to make them more suitable and safe to support the vision.

Work began at pace with the expectation of being complete in the church building by December 2021. Unfortunately due to a combination of factors, including shortage of building materials and Covid-enforced isolation of workers, there have been delays in the project and a revised completion date of March 2022 is now expected, at least for the church building.

The PCC was grateful to receive grants totalling £135,000 toward the project, as well as support from the Listed Places of Worship Grant Scheme, allowing the recovery of VAT on specific work on the church: a total of £168,000 was received in 2021. These grants, together with renewed support and giving from the church family, have meant that the PCC has sufficient funds to complete the project.

At the beginning of the year the Building for the Future restricted fund held £1,533k and further income of £531k was received, including the grants mentioned above, and a transfer of £58k from the Growth Fund. To the year end, expenditure of £1,240k was incurred, leaving a balance held of £881k at the end of the year. The cost of completion is

8

Christ Church Fulwood Financial statements for the year ended 31 December 2021

Report of the Council - continued

expected to be £919k, with the balance funding to be met by pledged giving from the church family and General fund reserves.

The PCC wishes to thank the Building for the Future committee members for their immensely hard work and effort in overseeing this fantastic project over a period of many years.

Update - Safeguarding

The PCC has two volunteers who share the responsibility of Parish Safeguarding Officer, and a part-time staff member to oversee the large number of DBS checks required for the staff and volunteers involved in the church’s activities.

The PCC continues to seek to implement all appropriate guidance and adopt best practice with regard to safeguarding, including safer recruitment processes. This is regarded by the PCC as an essential and integral element of the church’s good governance and risk management activity, although it has placed a substantially increased workload on a number of individuals, to whom the PCC is immensely grateful.

As at 31 December 2021, 207 (2020: 212) individuals within the church family had received safeguarding training, and 271 (2020: 273) individuals had current DBS checks for their work with the church.

Update - Staff

In July 2021 Paul Williams resigned as Vicar of Christ Church Fulwood after 15 years and left on 30 September 2021, at which point the church entered a period of vacancy. The PCC has begun the process of advertising and appointing a new Vicar, and prays that this will be concluded during 2022. The Minister for Students, Andy Fearnley, also left in September 2021 and Rob Mullock, Minister for Training has generously helped to oversee the student ministry until the role is replaced.

As noted in last year’s report, Stephen Rae took up the role of Director of Operations during April 2021. He has been assessing the administrative needs of the church, while also overseeing a period of change in this team. In August 2021, Saira Final left her role as Ministry Support Assistant and Steph Johnson transitioned to her new role of Female Students’ Worker. Carolyn Edmonds retired in October 2021 after 26 years of faithful service within the administrative team. Becky Knapp assisted on the finance team from January 2021 to August 2021 to on a fixed term contract. Toby Vogelberg and Natacha Drapel, having been Ministry Trainees until July 2021, were appointed on short-term contracts as Ministry Support Assistants until permanent appointments can be made as part of a redesigned administrative team.

Update - Wider church

The PCC received regular updates from those members who also sit on General, Diocesan and/or Deanery Synod. The Council is pleased to be represented at all levels within the Church of England’s governance structures, and is grateful for the time and commitment shown by those PCC members who give generously of their time.

The Rt Rev. Rod Thomas, Bishop of Maidstone, who is licensed as an Assistant Bishop of Sheffield, continues to have an active and close relationship with Christ Church Fulwood. His role is to offer extended pastoral and sacramental care to those parishes and clergy holding a complementarian understanding of ordained ministry, which is an essential part of the Church of England’s approach to ensure mutual flourishing of different church traditions.

The PCC continues to be concerned at the direction of travel on some of the issues being discussed at national level within the Church of England, not least relating to gender and human sexuality, as it has reflected upon the report “Living in Love and Faith” from the House of Bishops. The PCC will need to give careful thought to the matter and the potential implications of this on the long-term opportunity for ministry within the Church of England.

On a global scale, the PCC is pleased to be associated with the GAFCON movement, a global family of authentic Anglicans standing together to retain and restore the Bible to the heart of the Anglican Communion.

9

Christ Church Fulwood Financial statements for the year ended 31 December 2021

Report of the Council - continued

Future Plans

Over the year ahead the PCC will be working closely with the church’s patrons (CPAS) and the bishops of Sheffield and Maidstone on the appointment of a new vicar. The PCC recognises the importance of this new leadership in helping the church grow in our dependence on our Lord and humbly seek to deal with some of the difficult issues that have had a deep impact on the church family.

With this backdrop, the following significant discussions and activity are anticipated during 2022:

Going concern

Finally, the PCC would note that it continues to monitor its financial situation closely, particularly as it completes the major Building for the Future project. There has continued to be a reduction in regular giving over the past 18 months, and the Covid pandemic has undoubtedly caused significant challenges in the church’s ability clearly to communicate regular giving needs, especially to newcomers. However, the PCC has been greatly encouraged by the response to its Vision Sunday in October 2021, from which sufficient one-off donations were pledged to cover the final costs of the building project, and regular giving to the General Fund increased by approximately £55,000 pa.

The PCC has carefully considered a detailed budget for 2022 and a forecast extending into 2023, therefore covering a period of at least 12 months from the date of these financial statements. Although the budget and forecast anticipate deficits, overall, the PCC continues to be reassured that the church’s giving base is broad and its current level of free reserves is strong. Further growth in giving is anticipated with the appointment of a new vicar and the opportunity to utilise new building facilities. However, given this positive assessment of its financial resilience, the PCC is satisfied that it is appropriate to prepare the accounts on a going concern basis.

Financial Review

Income Unrestricted Funds Unrestricted Funds Unrestricted Funds Restr icted Fund Total
Total
Funds
£'000
£'000
s
General
Fund
£'000		 Growth
Fund
£'000		 FSW*
Fund
£'000**		 RSY*
Land &
Fund Buildings
£'000
£'000**		 Fire
Doors
£'000		 Total
£'000		 Building for
the Future
£'000		 Other
Funds
£'000
Gift income - regular
- collections
- one-off
- total
Grant income
Other income
Total income		 698
-
148		 -
-
-		 -
-
-		 -
-
-		 -
-
-		 -
-
-		 698
-
148		 40
-
174		 35
-
13		 75
773
-
-
187
335
262
1,108
304
309
37
61
603
1,478
846
5
24		 -
-
-		 -
-
-		 -
-
-		 -
-
-		 -
-
-		 846
5
24		 214
303
14		 48
1
23
875 - - - - - 875 531 72

*FSW = Female Students’ Worker fund; RSY = ReNew South Yorkshire matched fund

10

Christ Church Fulwood Financial statements for the year ended 31 December 2021

Report of the Council - continued

Expenditure Unrestricted Funds Unrestricted Funds Unrestricted Funds Restr icted Fund Total
Total
Funds
£'000
£'000
s
General
Fund
£'000		 Growth
Fund
£'000		 FSW*
Fund
£'000**		 RSY*
Land &
Fund Buildings
£'000
£'000**		 Fire
Doors
£'000		 Total
£'000		 Building for
the Future
£'000		 Other
Funds
£'000
Parish
- staff costs
444
ministry
- other costs
277
- governance
22
- total
743
Activity outside the parish
151
Total expenditure
894		 -
-
-		 -
-
-		 -
-
-		 -
-
-		 -
-
-		 444
277
22		 -
1,241
-		 -
14
-		 -
444
1,255
1,532
-
22
1,255
1,998
30
181
1,285
2,179
743
151		 -
-		 -
-		 -
-		 -
-		 -
-		 743
151		 1,241
-		 14
30
894 - - - - - 894 1,241 44

Financial result and year end position

Net assets: Un restricted Funds restricted Funds Restr icted Fund Total
Total
Funds
£'000
£'000
s
General
Fund
£'000		 Growth
Fund
£'000		 FSW*
Fund
£'000**		 RSY*
Land &
Fund Buildings
£'000
£'000**		 Fire
Doors
£'000		 Total
£'000		 Building for
the Future
£'000		 Other
Funds
£'000
1 January 2021
447
Surplus/(Deficit)
(19)
Transfers
(6)
Surplus/(Deficit) after tfrs
(25)
31 December 2021
422
Net current assets
396		 447
(19)
(6)		 58
-
(58)		 46
-
-		 38
-
-		 604
-
-		 -
-
60		 1,193
(19)
(4)		 1,533
(710)
58		 79
28
(54)		 1,612
2,805
(682)
(701)
4
-
(678)
(701)
934
2,104
842
1,382
(58) - - - 60 (23) (652) (26)
422 - 46 38 604 60 1,170 881 53
396 - 46 38 - 60 540 789 53

*FSW = Female Students’ Worker fund; RSY = ReNew South Yorkshire matched fund

Reserves policy

The PCC aims to maintain sufficient General Fund free reserves (General Fund net current assets) to cover one month’s worth of annualised General Fund recurring expenses plus a provision of £40k for unforeseen property costs. Based on the 2022 budget approved by the PCC, this equates to a round sum threshold of £116k (2021 reserves threshold: £124k). At the year end, General Fund free reserves were £396k (2020: £414k) and therefore the policy

11

Christ Church Fulwood Financial statements for the year ended 31 December 2021

Report of the Council - continued

threshold was exceeded by £280k (2020: £290k). This excess is considered appropriate while the ongoing capital projects are completed, and with the expectation of deficit budgets in 2022 and 2023.

Structure, Governance and Management

The Parochial Church Council of Christ Church, Fulwood (the ‘PCC’ or the ‘Council’) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure, and is also a registered charity with the Charity Commission.

As noted above, the objective of the PCC is to promote the gospel of the Lord Jesus Christ according to the doctrines of the Church of England. The PCC will continue to shape all its activities to fulfil this mission under God, in particular through the threefold vision of Planting Churches, Training Leaders and Growing Fulwood.

The PCC has the responsibility of co-operating with the incumbent in promoting the whole mission of the Church within the Ecclesiastical Parish of Fulwood. It is also responsible for the Church Centre and the owned and leased staff houses. Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules. The PCC Treasurer was co-opted to the PCC at the beginning of the year before being elected to the PCC at the APCM.

The PCC is supported in its work by six sub-committees as well as ad-hoc working groups established from time to time.

The sub committees are as follows:

Standing Committee

Finance Management Group

Staffing Subcommittee

Mission Committee

Safeguarding Committee

Safeguarding Trustee Group

In addition the PCC currently has the following ad-hoc working groups:

Visitation and thirtyone:eight Implementation Group

Building for the Future Committee

Hardship Fund Committee

Christ Church Fulwo¢xl Financial slalemenls for the year ended 31 December 2021 12 Report of the Council - continued RcN¢w South Yotk8hitt Fund Commlttee Reiryew4 %pptic#tions And ovetscL'S distributinn ()f th¢ 5mAII Rcncw South Yurkshirc fund established to supwrt th¢ final thi'rd of fun(bng for n￿nistrY projccrJ in KcNcw Snuth Yorkshirc partncr church¢5 TnMto9¥' r•$pon$lbllltles gtatement Tht Council mcmhers Arc rcsptsn%ihle ft>T prcparing ihe Report r)f thc Council Atid thc Annual Financifil.Sraiements in accurdaiice with app]tCgblc law #nd United lQngdoni Accounting StAndArds (Unitcd Kittgdom Gcncr411y Accepted Accnuntinmy PTaC¢iCCI. Thc law applieable t() chxritics in V.ngland & Wales requirc$ tht (￿UnCl1 mcmbcrs tn prLp4re fin8nciAI 4tgtcmcnts f()r eath finoncial year which ￿ve a true 2nd fAit viLw ol the st4te uf aff9irs (jf IhL (.i>uncil And ()f thc incrJminK Te$ourc& and Applicatinn of ruut]rce$ lif the c.ouncil fur that ptriud. Irt prLparin% ih¢5e fJn8nciAi ytatements, the membcr8 ar rcquired to.. 8elect suitAble Rccounting policics #nd thcn apply them con8i8ttntly? ￿￿￿rYC the mcthcHJs and principlL¥ in thL ippIiLahle ChATltic%.S()RP (FRI 102); mAkL' judgmtntx and ¢¥umRt¢s that arL r¢ds()nal)IL liid pndent. Eate whcthLr Applic2blc 8CCLILinunR St*ndard% have been fi)Ili)wed, ¥ubjcct to Any materixi (k'parNr¢s ihat must bt digcliJs¢d an¢1 cxplaiiicd in thL finAlici￿ 8tAtcmcni%' prcpAre the fJnAncixl AlatcmentJ un thc Ki)inx cc)nc¢rn basi¥ unlL$s It 15 inappropriAte (U Pfesume that the C.ouncii will ¢ununuc in hu%ir)c54. The mLmbLn ?rL rG%pnnsiblc fur kccpinKprnpcr AcLuunung rL.￿)ra% that di%clcise with tcawnablc accuracy at any timc Ihc finxnciJl pu¥itivn uf rhc f.()uncil and Cnable them tts enRurL' thAt th¢ financial itatcmcnts c()mply with thL (.'hAtiu¢i Acr 21111, the ai?plicAblc C.hariucs IALCLlUtits ancl RLp()ri%l RtsN151Uuns And LhL' pri)vi¥i(>n% c)f the C.hutcli Actciuntin Rc%ulAti<)ns 2(X)6. Thcy Arc Al%0 rcsp(>nsiblL. fur safL'&TuRr(bii8 rhL &8%L'L¥ uf thc Cuiincil and hcncc for taknnN rcaionxblc $icp¥ f()t thc prLvLnti()n and d¢t¢ction ¢)[ fraud and ¢)thLr irre&ilAfitycs. In far the mcmbrr% Are ayvrc., thcrc is no) rclLv4nt fiudii infi)rmAtion nFwhich the Louncil'% auditorg are unawAre,' and thL members hAYe tAkL'n AU .stcp.I thnt thLy uu6?ht Iv havL takcn t() make thcmiclves aware oif any re1C￿nt Audit infnTm2ti0n glid (L) ¢stRbli8h Ihgt rhc Auditc)rR Are aWAre uf thRL inf(ImJqui)ii. on bchalf uf the PCC P 5¢8mm8n AssociatL VicAr 21 Match 2022

13

Independent Auditor’s Report to the Trustees of Christ Church Fulwood

Opinion

We have audited the financial statements of Christ Church Fulwood (‘the charity’) for the year ended 31 December 2021 which comprise the Statement of Financial Activities, Balance Sheet, Statement of cash flows, notes to the financial statements and a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, including the trustees’ report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

14

Independent Auditor’s Report to the Trustees of Christ Church Fulwood

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 12, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The charity is subject to laws and regulations that directly and indirectly affect the financial statements. Based on our understanding of the company and the environment it operates within, we determined that the laws and regulations which were most significant included FRS 102, Charities Act 2011 and Health and Safety regulations. We considered the extent to which non-compliance with these laws and regulations might have a material effect on the financial statements, including how fraud might occur. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to the posting of inappropriate journal entries to improve the charity’s result for the period, and management bias in key accounting estimates.

15 Independent Auditor's Report to the Trustees of Christ Church Fulwood Audti pff)ccdurc% prformed hy the en￿&￿Lment tVAm inrlwled.. Di%cu55iuns KMth Ma1)2￿ment aiid thusL" resw)A5ible for Iwl eompliance Pr￿ed￿r¢S within thc charity to obtain an uJiiler%tAndinK r)f the lexal and rexujaiory fiamewurk 4pplicablc tu thL charriry and how thc charity compb.es ￿￿tIl that framcwork, includio8 L()nsick¢ation of known ur suspectLd instances of noft-comphance wth laws and rcyJaui)n xnd fYRud.. RLVieWi￿ minutes of ttusret mCCUll8S', Identifirin￿ and 9%5¢3¥inK the (Icbixn tfftLuvenes5 of CL>ntto18 thRt managcment h95 in place to prevent d¢tcct frAud and non-cr>mpliAncc with Idws and TtgulAtions', cTrail￿7￿yrtM assumpuuns and judgvnents mAdc by manggcmcnt in their.￿gnIfIcAnt sccountiiig es¢imAtes. IdLnrifying tC5ting joumal entri¢5, in parucular any Ilium￿1 ciittic% r￿1￿￿ with w1usu￿ ottount combinati(In5 or p(J¥tLd by ienior m%nAgemcnt. Therc Are inh¢Tent limitatiuns in the 2udit waccdures desttibcd abovc and the more removcd n(Jn-compliancc wirh laws and rcxulAuun5 1% fN)m thc cvcnt% And tTAnsACUI)ns reflectcd in the finaDdal sratcrneiitq. the Ics.g likLIy wc ATL. t() bcc(Imc Aware i)f it. Al%n. the (>f nut dct¢cuJ£ A Materi￿ Mis$t￿te￿￿n1 duL tu frAud i5 ht'MhLr than the Msk uf nut dctccun¥ t)nc rc8ultinbF ftrntn crror. AS fraud m5Jy invnlvc dclihcrAtc LonLLAlmcnt l)y> for cxamplL', f()rx¢Ty UT intLndonal misrepr¢8entatic)115, ur throumh LL)Ilusion. A furEh¥t dcscriptyun (jf f)ur re$ponxihdiue8 i awlablc nn thc finxnciAI R4)urtin¥ (.i)uncil'.I w¢h%iti at www.frc.urR.uk/iiuditi)r%/audit-as%urAncc/#uditor-s-rc&piinsibiliucs-frTrr-the-Audii-of-thc-fi/decrAptlf)A-c)f-thC-1￿(￿lTrr'S- pnn.sil)iliiiLY-fnt. Thib dL%cripu()n furm5 Patt c)fuut au(tii()r's repurL U8e of our report Thi5 TLP)tr is ma(Ic %i)Icly ti) thL' ¢haNty'% trt15t¢￿, al a b(Kly, in %cci)rilancc with SLcUun 144 uf thc C.hqtiticfj Acr 2011. C)ur audit wi)rk has l)cen undcrtakLn su IhAI wc mi¥ht 5t8lC t¢} the IrusteLS Ihv8L' mattLf$ WL Are rcciuiTLd lu ¥￿t¢ t() Ihcm in audits)r'8 fL'purl and fr)r n() other purp(>se. T(> th¢ FullL%t cxicnt pcrmitt¢cl by IAW. wc di) niil accLPt UT A%Nunic Te8pvnsibility lu any()n¢ ()Ih¢r than the charity's trustccs Ix)dy* fur L)UT Audit work, r()r this report. or fllA ChArtL'rcd Accc)unt2nts StAtutory Audit(Ir Pegasus IIOusL' 46.3A CJln8sup RuAd Shcffidd SIO 2QD Match 2022 14Awsun5 Chartored AcwunrJn(s is ebgÉble to Act As An Au(bti)r in tetms uf S￿￿()￿ 1212 1)Fthe Cump4rri&4 Act 2006

16

Christ Church Fulwood Financial statements for the year ended 31 December 2020

Principal accounting policies

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value convention except for the valuation of certain property and investment assets, which are shown at capitalised or market value as below. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs.

The PCC constitutes a public benefit entity as defined by FRS 102.

Funds

Unrestricted Funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Certain Unrestricted Funds may be earmarked for a particular purpose - these are known as Designated Funds.

Restricted Funds are those funds which the PCC must apply to specific purposes created either by donors' requests or legal obligations. These funds are therefore not available for application on the general purposes of the PCC.

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

Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income from grants is recognised when there is evidence of entitlement, the receipt of the grant is probable and its amount can be measured reliably.

Donations and legacies

Regular giving is recognised only when received. Income tax recoverable on Gift Aided general donations is accrued for on a monthly basis, based on the donation date. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due is quantifiable and its ultimate receipt by the PCC reasonably certain.

Although the PCC is legally entitled to claim Gift Aid tax on donations received in respect of major projects, the PCC’s policy is not to reclaim tax where there remains any significant doubt about whether a project will proceed as proposed. For this reason, Gift Aid tax was only reclaimed on donations to the Building for the Future project once permissions were substantially received and the PCC had made a final decision to progress with the project.

Other income

Rental income from the letting of church premises is recognised when the rental is due.

Bank interest is accounted for when receivable.

Deferred income relates to events which will take place in future accounting periods.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and includes irrecoverable VAT.

Grants to mission partners

The church supports mission partners in the UK and around the world. Where a particular mission partner has been supported by the church for a number of years, strict compliance with the Charities' Statement of Recommended Practice (SORP) may regard some arrangements as constituting constructive obligations such that future years' support is accounted for in these accounts as a liability.

Whilst the support has no final end date, the Council assesses mission partner funding on an annual basis and is confident that the mission partners would not view their support as an open ended obligation on the part of the Council. The annual commitment only is accounted for in these financial statements.

17

Christ Church Fulwood Financial statements for the year ended 31 December 2020

Principal accounting policies

Fixed assets

Consecrated land and buildings and movable church furnishings

Consecrated and benefice property is excluded from the accounts by s.10(2)(a) of the Charities Act 2011.

Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory which can be inspected at any reasonable time. For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2000 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life (initially over 10 years) on a straight-line basis.

All expenditure incurred in the year on consecrated or beneficed buildings, on individual items with a purchase price below £500 and on the repair of movable church furnishings acquired before 1 January 2000 is expensed through the Statement of Financial Activity.

Other land and buildings

These have been included at valuation when capitalised, or at cost where acquired during the year. The carrying values of tangible fixed assets previously valued when capitalised have been retained at their book amount as a deemed cost on transition to SORP FRS 102.

No depreciation is provided on freehold land and buildings. It is the policy of the PCC to maintain its properties in such a condition that their value is not impaired by the passage of time. The residual value is similar to its carrying value and therefore depreciation would be immaterial.

Other fixtures, fittings and office equipment

Equipment used within the church premises, including IT and Communication Equipment, is depreciated on a straight line basis over four or five years, depending on the most appropriate useful economic life. Residential Property Fixtures and Fittings are depreciated on a straight line basis over 10 years. Individual items of equipment with a purchase price of £500 or less are written off when the asset is acquired.

Motor vehicles

Motor vehicles are depreciated on a straight line basis over eight years.

Leased assets

Payments made under operating leases are expensed on a straight-line basis over the lease term.

Pensions

Retirement benefits to employees of the PCC are provided under the following arrangements during the year: § contributions to personal pension plans of the employee's choice; or

The charity opened an auto enrolment compliant stakeholder pension scheme with the People’s Pension to which all contributions to employees’ retirement benefits are paid in to.

All contributions to pension plans are charged to the Statement of financial activities in line with recognition of earnings and in accordance with the rules of the scheme.

Going concern

In the context of the current Covid-19 pandemic, the church building project and the vacancy, the PCC recognises there is uncertainty in forecasting the year ahead. After due consideration of all relevant factors the PCC’s financial forecast indicates that the church is able to continue to operate for the foreseeable future, being a period of at least 12 months from the date of signing this annual report and financial statements.

The PCC therefore has a reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Accordingly, it continues to adopt the going concern basis in preparing these financial statements.

18

Christ Church Fulwood

Financial statements for the year ended 31 December 2021

Statement of financial activities

Statement of financial activities
Note
Income from
Donations and legacies
1
Grants
20
Charitable activities
2
Investments
3
Total Income
Expenditure on
Charitable activities
Ministry expenses
4
Mission, diocesan and other support
5
Total Expenditure
Net income before transfers
Transfers between funds
12b & c
Net movement in funds after transfers
Total funds brought forward at 1 January
Total funds carried forward at 31 December		 General
fund
£
846,600
4,832
23,821
-		 Designated
funds
£
-
-
-
-		 Restricted
funds
£
261,487
303,715
31,153
6,298		 Total
2021
£
1,108,087
308,547
54,974
6,298		 Total
2020
£
1,327,641
1,000
40,713
19,907
875,253 - 602,653 1,477,906 1,389,261
742,960
151,180		 -
-		 1,254,853
29,740		 1,997,813
180,920		 843,100
182,239
894,140 - 1,284,593 2,178,733 1,025,339
(18,887)
(5,631)		 -
2,105		 (681,940)
3,526		 (700,827)
-		 363,922
-
(24,518)
446,943		 2,105
745,772		 (678,414)
1,611,920		 (700,827)
2,804,635		 363,922
2,440,713
422,425 747,877 933,506 2,103,808 2,804,635

Cknsl Ctwth Fwrrld sl74ements fttth8 31 Decemtu2021 19 Balan￿ sheet 20¥) x¢J 721.595 644914 Jn¢ D&ior ShDrt t¢Th C4ihil 32JJ8 l.D75.64J 1.650,8ZO 4186.713 Cdlth.. f•lllnKd¥e c￿e YF (268.é071 <26.9 Tvtal Fud• 122.425 146,943 71&7n VnThidL'IL ? 611,920 7oilll fwod• 12 The fmncknl ywvcd bTfft 21 2032 ird h￿fty. P IcA1rdr* PRHuu¥hlu

Christ Church Fulwood

20

Financial statements for the year ended 31 December 2021

Statement of cash flows

Statement of cash flows
Note
Cash flows from operating activities
Net cash provided by operating activities
13
Cash flows from investing activities
Bank interest received
Proceeds from the sale of fixed assets
Purchase of fixed assets
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
14		 2021
£
(549,809)		 2020
£
341,934
6,298
340
(89,409)		 19,907
688
(59,485)
(82,771)
(632,580)		 (38,890)
303,044
2,156,378 1,853,334
1,523,798 2,156,378

Christ Church Fulwood

21

Financial statements for the year ended 31 December 2021

Notes to the financial statements

Donations and Legacies
Regular giving
Gift Aid donations
Tax recoverable
Non Gift Aid donations
Subtotal
Collections
Gift Aid donations (small donations scheme)
Tax recoverable
Non Gift Aid donations
Subtotal
One-off donations and bequests
Gift Aid donations
Tax recoverable
Non Gift Aid donations
Subtotal		 General
Funds
£
458,920
114,730
124,781		 Designated
Funds
£
-
-
-		 Restricted
Funds
£
43,494
10,874
20,290		 Total
2021
£
502,414
125,604
145,071		 Total
2020
£
549,750
186,878
145,715
698,431
-
-
-		 -
-
-
-		 74,658
-
-
-		 773,089
-
-
-		 882,343
-
-
5,285
-
93,259
23,315
31,595		 -
-
-
-		 -
94,076
23,519
69,234		 -
187,335
46,834
100,829		 5,285
110,173
222,028
107,812
148,169 - 186,829 334,998 440,013
846,600 - 261,487 1,108,087 1,327,641

Regular giving represents amounts received by standing order and the envelope scheme. Collections represents amounts received from Sunday collections (excluding envelopes under the envelope scheme). One-off donations and bequests represents all other gifts received.

£846,600 (2020: £838,098) was received into the General Fund and £nil (2020: £2,815) was received into the Growth Fund. £261,487 (2020: £486,728) was received into Restricted Funds, of which £517,267 (2020: £373,948) was received into the Building for the Future Fund.

2 Income from charitable activities

Parish ministry (including fees)
Children, Youth and Students
Church Centre lettings
Other		 General
Fund
£
2,640
20,657
120
404		 Restricted
Funds
£
11,816
-
-
19,337		 Total
2021
£
14,456
20,657
120
19,741		 Total
2020
£
23,080
9,028
1,758
6,847
23,821 31,153 54,974 40,713

£23,821 (2020: £27,040) was General Fund income and £31,153 (2020: £13,673) was Restricted Funds income.

Christ Church Fulwood Financial statements for the year ended 31 December 2021

22

Notes to the financial statements

3 Income from investments

3
Income from investments
Bank interest
4
Ministry expenses
Note
Parish ministry
Students, Youth, Children and families
Administrative salaries
Other administrative costs
Property and facilities
Reordering project
Depreciation and loss on disposal of assets
Support costs
6		 General
Fund
£
279,968
169,099
162,962
12,811
87,506
-
8,705
21,909		 General
Fund
£
-		 Restricted
Funds
£
6,298		 Total
2021
£
6,298		 Total
2020
£
19,907
Designated
Funds
£
-
-
-
-
-
-
-
-		 Restricted
Funds
£
13,999
-
-
-
-
1,239,181
1,673
-		 Total
2021
£
293,967
169,099
162,962
12,811
87,506
1,239,181
10,378
21,909		 Total
2020
£
372,979
172,487
110,425
16,220
46,647
107,118
7,273
9,951
742,960 - 1,254,853 1,997,813 843,100

£742,960 (2020: £712,744) was General Fund expenditure and £1,254,853 (2020: £130,356) was Restricted Funds expenditure.

5 Mission, diocesan and other support

Note
Support for mission partners:
- Mission Committee allocations
19
- Designated gifts
Common Fund diocesan support
Vicar's discretionary support
Church graft support costs
ReNew South Yorkshire
Support of other Anglican organisations
Christ Church Endcliffe - designated gifts
Matched Funding to ReNew South Yorkshire churches		 General
Fund
£
139,916
240		 Designated
Funds
£
-
-		 Restricted
Funds
£
-
29,740		 Total
2021
£
139,916
29,980		 Total
2020
£
124,868
21,793
140,156
10,000
-
-
24
1,000
-
-		 -
-
-
-
-
-
-
-		 29,740
-
-
-
-
-
-
-		 169,896
10,000
-
-
24
1,000
-
-		 146,661
10,000
243
18,252
2,508
1,000
1,875
1,700
151,180 - 29,740 180,920 182,239

£151,180 (2020: £139,859) was General Fund expenditure and £nil (2020: £1,700) was Designated Funds expenditure. £29,740 (2020: £40,680) was expenditure from Restricted Funds.

Christ Church Fulwood Financial statements for the year ended 31 December 2021

23

Notes to the financial statements

Common Fund contributions
Fulwood Staff (excluding the vicar and curate)		 Ministry
Expenses
£
93,552
66,122		 Diocesan
support
£
-
10,000		 Total
2021
£
93,552
76,122		 Ministry
Expenses
£
112,647
65,641		 Diocesan
support
£
-
10,000		 Total
2020
£
112,647
75,641
159,674 10,000 169,674 178,288 10,000 188,288

As shown in the analysis above, all the costs relating to clergy are included in Ministry Expenses under the relevant ministry area (see note 4 above). Only the element representing the PCC’s contribution towards diocesan central costs is included in Common Fund diocesan support (see note 5 above).

6 Support costs

Audit
Legal & Professional fees
Wages and salaries
Social security costs
Pension costs
Average number of full-time equivalent employees
Staff costs, PCC remuneration and expenses, and the cost of key		 General
Funds
£
4,800
17,109		 Restricted
Funds
£
-
-		 Total
2021
£
4,800
17,109		 Total
2020
£
4,440
5,511
21,909 - 21,909 9,951
General
Restricted
Funds
Funds
£
£
231,336
-
18,637
-
34,802
-
management personnel		 Total
2021
£
231,336
18,637
34,802		 Total
2020
£
229,045
19,393
33,243
284,775 - 284,775 281,681
8.4 8.1

No employee earned £60,000 per annum or more in the current or preceding accounting period.

PCC members were not paid and did not receive any other benefits in their capacity as PCC members in the year (2020: £nil) neither were they reimbursed expenses in their capacity as PCC members during the year (2020: £nil).

The key management personnel of the charity comprise the PCC members, which include the clergy. The cost of remuneration of Fulwood clergy as per Note 5 was £159,674 (2020: £178,288). Other clergy expenses, including housing costs, were £65,111 (2020: £73,989).

Christ Church Fulwood Financial statements for the year ended 31 December 2021

24

Notes to the financial statements

The following employees were employed by the PCC whilst being spouses of voting PCC members during the year:

Employee
Position
Connection
C Edmonds
Ministry Support Assistant
Wife of PCC member
P Harris
Children’s and Families' Worker
Wife of PCC member
F Lockwood
Premises Manager
Wife of PCC member
A Wade
Lead Recruiter (DBS Administrator)
Wife of PCC member		 Remuneration
benefits
£
17,755
34,438
22,195
5,893		 Expenses
£
-
699
328
-

Remuneration benefits include salary, employer National Insurance contributions and pension contributions. Expenses relate to travel, mobile phone provision and book allowances.

8 Related party transactions

PCC members and key management personnel (and families) donated £150k before Gift Aid without conditions, which are included within the unrestricted total of Note 1. PCC members and key management personnel (and families) donated £52k before Gift Aid to restricted funds, however these are all donations to existing funds and do not place further restrictions on the use of these funds. (Where a PCC member has only served for part of the year, donations are included for the whole of the financial year.)

In addition to the disclosure included in Note 7 regarding remuneration of key management personnel and their close family, the following members of the PCC, or PCC member’s close family, received amounts during the year for services provided or as grants:

The Brookhouse Hill Trust received £34,039 for the rental of 50 Brooklands Crescent, 7 Whitfield Road and 1 Roscoe View. Paul Houghton and Rev. Paul Williams were trustees of the Brookhouse Hill Trust during the year. This trust is not controlled by Fulwood PCC. The amounts paid are considered by the PCC to be either market price or at a discount to market price. The key benefit of this rental arrangement to the PCC is the long-term availability of rental property suitable for the church's ministers' accommodation. At 31 December 2021, the trust owed the PCC £205 for costs incurred by the PCC for the preparation of 1 Roscoe View for rental.

During the year, the PCC had use of the office building at 2A Canterbury Avenue, a property owned by the Torridon Trust. The building was rented by the PCC for a peppercorn rent. Paul Houghton, a PCC member, and Debs Houghton, his wife, are trustees of the Torridon Trust. Market value is £3,000-£4,000 per annum.

During the year, the PCC held cash in a deposit account with Kingdom Bank Ltd. The account held funds of £80,287 at 31 December 2021. Paul Houghton, a PCC member, is a director of the bank. Paul withdraws from any PCC decisions relating to the placing of funds with Kingdom Bank.

Christ Church Fulwood

25

Financial statements for the year ended 31 December 2021

Notes to the financial statements

9

Tangible fixed assets
Cost
At 1 January 2021
Additions
Disposals
At 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
Disposals
At 31 December 2021
Net book amount at 31
December 2020
Net book amount at 31
December 2021		 Land &
buildings
£
603,577
50,207
-		 Equipment
£
98,073
3,776
(11,155)		 Fixtures
and fittings
£
105,741
35,226
-		 Motor
vehicles
£
17,436
-
-		 IT and
Communication
Equipment
£
8,165
200
-		 Residential
Property Fixtures
and Fittings
£
10,000
-
-		 Total
£
842,992
89,409
(11,155)
653,784 90,694 140,967 17,436 8,365 10,000 921,246
-
-
-		 83,994
5,525
(10,815)		 105,741
-
-		 10,353
2,180
-		 -
1,673
-		 -
1,000
-		 200,088
10,378
(10,815)
- 78,704 105,741 12,533 1,673 1,000 199,651
653,784 11,990 35,226 4,903 6,692 9,000 721,595
603,577 14,079 - 7,083 8,165 10,000 642,904

10 Debtors

Income tax recoverable
Prepayments and accrued income
Creditors
Accruals and deferred income		 2021
£
11,972
115,050		 2020
£
28,764
3,571
127,022 32,335
2021
£
268,607		 2020
£
26,982
268,607 26,982

11 Creditors

12 Analysis of Funds and net assets by Fund

Fixed assets
Current assets
Current liabilities		 U nrestricted Funds Restricted
Funds
£
92,125
1,058,810
(217,429)		 Total
2021
£
721,595
1,650,820
(268,607)		 Total
2020
£
642,904
2,188,713
(26,982)
General
Fund
£
25,893
447,710
(51,178)		 Designated
Fund
£
603,577
144,300
-
422,425 747,877 933,506 2,103,808 2,804,635

Designated and Restricted Funds are further analysed into their main components in the following notes.

Christ Church Fulwood

26

Financial statements for the year ended 31 December 2021

Notes to the financial statements

12a Designated Funds

Designated Funds
Growth fund
Female Students' Worker fund
ReNew South Yorkshire Match fund
Land & Buildings fund
Fire Door fund		 Funds brought
forward
£
57,895
46,000
38,300
603,577
-		 Income
£
-
-
-
-
-		 Expenditure
£
-
-
-
-
-		 Transfers
£
(57,895)
-
-
-
60,000		 Funds carried
forward
£
-
46,000
38,300
603,577
60,000
745,772 - - 2,105 747,877

The PCC had five Designated funds at the end of the year, all apart from the Land & Buildings fund being current assets. Designated funds are set aside at the PCC's discretion.

Growth fund Money set aside for the growth of the church through investment in ministry locally in Fulwood, church planting and
partnership projects. All unrestricted one-off gifts over £20,000 and legacies received by the PCC are directed into the
Growth Fund.
Female Students' Worker fund Money set aside for the support of a Female Students' Worker, to be utilised alongside the Friends of Fulwood
Students restricted fund raised for thispurpose.
ReNew South Yorkshire Match fund Money set aside to fund up to the final one third of gospel ministry project costs undertaken by our ReNew South
Yorkshirepartner churches.
Land & Buildings fund Used to hold the Church Centre (prior to Building for the Future works) and a house (1 Silver Birch Avenue) currently
occupied bya member of church staff. The balance was transferred from a Restricted Fund in thepreviousyear.
Fire Door fund Moneyset aside to fund the repair of fire doors in the church centre.

Designated fund movements - previous year comparison

Designated fund movements - previous year comparison
Growth fund
Female Students' Worker fund
ReNew South Yorkshire Match fund
Land & Buildings fund		 Funds brought
forward
£
70,980
46,000
40,000
-		 Income
£
2,815
-
-
-		 Expenditure
£
-
-
(1,700)
-		 Transfers
£
(15,900)
-
-
603,577		 Funds carried
forward
£
57,895
46,000
38,300
603,577
156,980 2,815 (1,700) 587,677 745,772

Christ Church Fulwood

27

Financial statements for the year ended 31 December 2021

Notes to the financial statements

12b Restricted Funds

Restricted Funds
Building for the Future
Tracked funds
Other funds
Fixed assets
Current assets
Current liabilities		 Funds brought
forward
£
1,533,047
(31)
78,904		 Income
£
531,218
8,209
63,226		 Expenditure
£
(1,240,854)
(8,179)
(35,560)		 Transfers
£
57,893
1
(54,368)		 Funds carried
forward
£
881,304
-
52,202
1,611,920 602,653 (1,284,593) 3,526 933,506
Land &
Buildings
£
-
-
-		 Building
for the
future
£
92,125
1,005,508
(216,329)		 Tracked
funds and
other funds
£
-
53,302
(1,100)		 Total
2021
£
92,125
1,058,810
(217,429)		 Total
2020
£
8,165
1,610,873
(7,118)
- 881,304 52,202 933,506 1,611,920
The main Restricted Fund is: The main Restricted Fund is:
Building for the Future Monies raised towards the Building for the Future reordering project which launched in January 2016. From the launch,
all expenditure related to theproject is taken from this fund.
Tracked funds
The following six Restricted Funds are used to track specific monies coming in and going out of the church accounts and therefore are intended to return to nil after each
year end:
Mission Fund Monies given by church members to be used to support the church’s current specified mission partners in the UK and
overseas.
Training (Designated Gift)Fund Moniesgiven to be used to support specific individuals in ministrytraining.
Fulwood Romania Fund Moniesgiven bychurch members to support churches in Romania.
Fees Fund Fees received by the PCC for weddings and funerals which are then distributed to the Diocese and those who provided
services at these occasions.
Christ Church Endcliffe Fund Used for all the income and expenditure of the Christ Church Endcliffe church plant at St Augustine’s Church, Brocco
Bank until December 2017 when the church plant became a separate legal entity. There was an ongoing donation
received into the Fulwood bank account which waspassed over monthlyto Christ Church Endcliffe duringtheyear.
Langsett Trust Fund Monies given to support the Langsett Trust, a charity associated with Oughtibridge Parish Church which was a church
graft in 2020.
Other funds
The remainingRestricted Funds are:
Trainee Support Fund Monies raised by Ministry Trainees towards the funding of their time on the Ministry Training Scheme, as part of their
trainingfor Christian ministry. These funds are released to the General Fund over theperiod of the training year.
Bible Training Yorkshire Fund Attendance fees received for the Bible Training Yorkshire course (previously known as Fulwood Bible Training) and
used to cover its costs.
Friends of Fulwood Students(FOFS)Fund Monies raised to support work with students at Christ Church Fulwood.
Student Work Fund Monies given towards specific areas of student work. These funds are released to the General Fund to subsidise costs
of student events.
Fulwood Hardship Fund Monies given to provide means-tested assistant to members of the church family experiencing significant financial need,
set upin response to the Covid-19pandemic.
Other Other fundsgiven with restrictedpurposes.

Christ Church Fulwood Financial statements for the year ended 31 December 2021

28

Notes to the financial statements

12b Restricted Funds - continued

Restricted fund movements - previous year comparison
Land & Buildings
Building for the Future
Tracked funds
Other funds
Net assets by fund - previous year comparison
Fixed assets
Current assets
Current liabilities		 Funds brought
forward
£
575,000
1,245,810
1,508
43,078		 Income
£
-
393,855
17,167
110,286		 Expenditure
£
-
(107,118)
(18,706)
(45,212)		 Transfers
£
(575,000)
500
-
(29,248)		 Funds carried
forward
£
-
1,533,047
(31)
78,904
1,865,396 521,308 (171,036) (603,748) 1,611,920
Land &
Buildings
£
-
-
-		 Building
for the
future
£
8,165
1,525,378
(496)		 Tracked
funds and
Other funds
£
-
85,495
(6,622)		 Total
2020
£
8,165
1,610,873
(7,118)
- 1,533,047 78,873 1,611,920

12c Fund transfers

During the year the following major transfers between funds were made as part of the PCC’s funding of its operations:

From
To
General fund
Fire Door Fund
Net transfers from the General fund to Designated funds
Trainee Support fund
General fund
FOFS fund
General fund
General fund
BCUK fund
General fund
Other Restricted Fund transfers
Net transfers to the General fund from Restricted funds
Net transfers from the General fund
Bible Training Yorkshire fund		 £
(60,000)		 £
Detail
(60,000)
Other transfers
54,369
(5,631)
To contribute the fees of the Fulwood trainees and to
cover the costs of Bible Training Yorkshire
To fund the repair of fire doors
Support for the trainees on the Ministry Trainee Scheme
To fund the Female Students' Worker's remuneration
To cover the ministry and training costs
of biblical
counselling
44,869
11,718
(2,184)
780
(814)

Christ Church Fulwood Financial statements for the year ended 31 December 2021

29

Notes to the financial statements

12c Fund transfers - continued

From
To
Growth Fund
Building for the Future fund
Net transfers from Designated funds to Restricted funds		 £
Detail
(57,895)
(57,895)
To fund the Building for the Future project

13 Reconciliation of net expenditure to net cash flow from operating activities

13
Reconciliation of net expenditure to net cash flow from operating activities
Net income/(expenditure) for the year (as per the Statement of Financial Activities)
Adjustments for:
Depreciation
Bank interest received
Loss from the sale of fixed assets
(Increase) in debtors
Increase in creditors
Net cash provided by/(used in) operating activities
14
Analysis of cash and cash equivalents
Cash at bank and in hand
Short term deposits
Total cash and cash equivalents		 Total
2021
£
(700,827)
10,378
(6,298)
-
(94,687)
241,625		 Total
2020
£
363,922
6,911
(19,907)
362
(11,202)
1,848
(549,809) 341,934
Total
2021
£
828,619
695,179		 Total
2020
£
1,080,735
1,075,643
1,523,798 2,156,378

15 Leasing commitments

7 Whitfield Road is rented from the Brookhouse Hill Trust for an indefinite future period, with a 3 month notice period. £18,600 is expected to be paid during 2022.

1 Roscoe View is rented from the Brookhouse Hill Trust for an indefinite future period, with a 3 month notice period. £17,400 is expected to be paid during 2022.

16 Capital Commitments

At 31 December 2021 the PCC was committed to £601,907 further expenditure under the ongoing refurbishment and development contracts relating to the Building for the Future project. Of this amount £352,206 is expected to be expensed in 2022, as the long-term assets to which that amount relates are not under the ownership of the PCC, and £249,701 is expected to be capitalised as fixed assets.

17 Quinquennial inspection of property

Following the recommendations of the most recent Quinquennial report, £38,036 was spent on work to the West Tower in the year. Other issues raised in the report are being investigated. A further inspection is now due.

18 Pension commitments

Contributions to personal pension plans are charged to the Statement of Financial Activities as they become payable. Contributions paid by the Council during the year were £34,802 (2020: £33,243). There was no pension liability at the year end.

Christ Church Fulwood

30

Financial statements for the year ended 31 December 2021

Notes to the financial statements

19 Grants paid

Grants paid primarily constitute payments for mission support, made by the Mission Committee. These are mainly paid to individuals or their supporting organisations. Detailed below are the organisations to which grants were paid or the organisations with whom the individuals work:

World Mission Partners and Associates
People International
Acorn Camps
OM
Juniper Tree
UK Mission Partners and Associates
The Oakes
UCCF
OMF
Friends International
2:19 Teach to Reach
Galeed House
Mission Partners in Training
George Whitefield College, Cape Town
World Team
Short Term Service
The Oakes
Yorkshire Camps
HTB London
The Gaines
YWAM
Speak Life
People International
Mission partner support and encouragement
Other
Total per note 5 - Mission Committee allocations
Hardship grants
Other support
Anglican Mission in England		 £
23,969
12,500
13,582
2,500		 £
52,551
54,250
25,300
7,700
115
35,000
7,250
2,500
3,000
6,000
500
5,300
20,000
3,000
1,000
500
500
500
2,000
200
115
139,916
4,545
1,000

20 Income from grants The following income from grants was recognised in the year:

§ A grant of £1,000 (2020: £1,000) was received from Biblical Counselling UK into a restricted fund for the costs associated with developing the biblical counselling ministry.