C.HRIST C.HURC.H Fulwood 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 2024 Registered Charity Number1134057 resting in Jesus I living for his glory
Christ Church Fulwood Financial statements for the year ended 31 December 2024 Contents Legal and adffllnlstratlv• Infomiatlon R•port of th• Councll Report ol th• Ind•p•nd•nt audltor 9-11 Prlnclpal accountlng pollcl•• 12-14 Stat•m•nt of flnanclal actlvltles 15 Balanc• sh••t 16 3tat•m•nt of cash flows 17 Noto8 to th• flnanclal •tat•m•nt• 18-27
Christ Church Fulwood Financial statements for the year ended 31 Dember 2024 Legal and administrative information E¢cl•slastlcal parlsh: Fuiwood Cluist Church. Sheffield Address: Canterbury Avenue Fulwood Shcffield SIO 3RT Councll m•mb•rs: Incumbent Rev. Jonny Dye ci Associate Viur Rev. Pete Scthunan. ci Assist4nr Curatc Rev. Mott Laweg Cl (lo July 2024) Director of Operntions Rev. Stephen Rae ci Minister foi Training Rev. Rob Mullock ci Churchwardcns F.mi]y Davies Bill "Thoma5 Paul Dodd Sally Hson (to May 2024) (to ,May 2024) W (from Nlay 2024) W (from May 2024) Deputy Churchwardens (Co-opted, unless elected) Alison lansky Paul Dodd Chris Nex E (to Amay 2024) E (from May 2024) Dcanery %ynod representativ¢J Paul Houghton RAfa Dc Lirna Hearhcr Wiison Gener Synod reprcsent%Uve Jane P*tt¢ryon Members with elected tole responsibilitie$ PAUI G¢tmAn E Mkssion Committee Chair EMMA G]av¢$ Sally Hewson E %ecrerary E Parish .%afe8uarding ()Eficer (to Nlay 2024) Co Treasurer (from 4May 2024) Co LAY Vi¢e-C.hair (to May 2024) Ronan Wade Chris Nex
Christ Church Fulwood Financial statements for the year ended 31 December 2024 Legal and administrative information Coun¢ll m•mbors (coTrtlnu•d): Elcctcd PCC members Petcr Collier Adrian Harris Tricia Ware Ronan Wade Paul German Andy Donaldson Carolyn Edmond5 Emma Graham Judith Jones Jcnnifer &Meiring Roger Richardson David Taylor K2rcn l-Iolme$ Paul l-loughton Dan Floughton Liz Johnstone .1 obi, I'ogell)erg Phil NlcNlinn Walard ,Moote John Grant Richud Clayton Susan Pcreirn Gillis Robbie Andy Toward Heather Charlton Andy Cook Paula Harris E (to imay 2024) (to may 2024) (to May 2024) Tteosurer (to May 2024) (to May 2024) E (from May 2024) E (from %lay 2024) E (from May 2024) E (from May 2024) l)arish Safeguardin8 ()fficer In attendAnce PCC mernbership $urnm2ry at the date of this reporr: Cl _ Cler8y Ott) tv - Churchwarden (Votingj El¢¢ted12y member (Votin Co-opted onto PC.C (Voung) PCC allendcc (Non-voting) 25 statu•: A chariry re&stered with the Chority Comniission Bankers: Virgin Money 66 Fargate ShefField Audltors: Hawyons Chartered Accountants Pegasus E-touse 463a Glo$sop Road Sheffield SIO 2QD
Christ Church Fu1vd Financial statements for the year ended 31 December 2024 Report of the Council - continued ObJectlv• and Vislon The objecuve of the Parochial Church Council ('PCC? is to promotc the gospel of the Inrd Jc5L15 Christ according to the doctrines of the Church of England. Undet thi$ ovcrdrchbng objective. the church seek5 to glorify God by pursuing our vision To know and enjoy the tr4nsformin8 love of Jesu8, make his love known to others, for his glory. It is the love of Je$u8 that is 4t work in each of us. He invites us into his life by knowing and enjoying hA$ t1$forM1ng love. Jesus said. "Come to me, all you who ace weary and burdencd, and I give you tt8L" Matthew 11:28 Our pr2yer for u$ all 15 that. by re-discovering the tt5t that Jesus oFfers, we might be transformed. It is only then that wc will be equspped to jive for his glory A5 we se¢k ro make His love known to others. Actlvltlos The church helps mernbers grow in their faith through Sunday teaching. sm#ll group Bible sDJdie$, and practical support in are2s like m*ttiogeb parenung. 2nd workpiace discipleship. The monthly Church Family Pray¢r evenin8 15 a vitsi part of church life. demonstrating dependence on God. The church secks to reach our to our community, aiming to Share th¢ gospcl with every residenr in Fulwood. This includc5 a variery OF Outl¢h ministries. evangelisuc events, Ind re8ular guest services dc5igned for those exploring Chrisu4nity, Major events like our Fireworks night and Carols by Candleli8hc provide opportunitic5 for people ro hear about Jesus in An accessible way. Various ministries carer to diffcrent age groups. ensutlng that people ofall life st4e$ Are wclcomed 2nd disciplcd. Pre- school a¢tivitie$ hke Junior Jivers & %maU Talk create A friendly, Christiqn environment for young children and their families. Children's and youth work t2k¢s pla¢c throughout the wcek, on wcckends. And duting school holidayy. %tudcnts from %hef6eld's univcrsiues invited to cngage with church knFe through dedicatcd events and disciplcship opportunttsc5. '1'he church also run8 * ministry for older members, including the weekly Ftiday Club. which offe Fellowship and community. Ihe church is commirted to mission And global outre2ch, supporung mission partners involved in ctOS8-cultural ministsyi youth and children's work, and 5hort-term mission trips. "LThc 4Nlission Committee ovcr5ces financial support, recommends new miysion partners. Ind ensures & continued gospel Eocu$ An all yupported ministries. Thc church Also kvns Bible TrAining Yorkshire (B1Y) to local churches and acuvcly supports member$ putsuin8 Eull.tim¢ thcolo8ical trainin& including ordination. This is in addiuon to our own structured trginin8 progrnffls for Nlinistry Tr4ine¢$, whcrc trAinees rcccive Bible tca¢hin8 and hands-on ministry experience. Revlew of tho year 2024 was another cncouraging yvar for Christ Church fulwood. Wc ben the year agxin with & month OE pr2y¢r. meeting morning and evening during January to commit the yexr to thc Inrd. culminating qth our annual day ofprayer
nd partnership Sunday, wh¢r¢, a5 a church. we made a commitment to our partnership in the Gospel. We aiso foru5cd
on our verse for the year "Even youth8 gTOW tired aod we$ryi aod young mea Btumble and fall. but th08e who hope in the Lord will rettew their 8trength. Tbey Mll 8OAt on wAng8 like eAgleB" they will and noi gtow weAry> they will walk And not be faint., 18aiah 40.30-31 As a12rge chutch a key part ofour life tO8¢ther 1$ meetlng in weekly small Eroups. In the summer of 2024. we undertook - our first tevitw and resluping of these groups sAnce Covid pandemic atlowing new relationshfftps to develop within the church family and a chanc¢ foi new membets to jo&n these. The Ye was also matkcd by the ]aunch of our new wision.. 'To know and enjoy the transforniing love of Jesus. and make hi$ love known to others, for hi5 glory." Thts was dcveloped by the staff team during the year and shattd with the church family in ()ctober. It marks the start of i new p10d for the church. Is w¢ first scck to look inwards. on out ovm relationship with Jcsus before rhen seeing how this will refl¢ct on our Iivc5. And the hves of othcr5 as wc seek to make his love known to othets in our pati5h.
Christ Church Fulwood Financial statements for the year ended 31 Dernber 2024 Report of the Council - continued Att•ndanc• and m•rnb•r•hlp Those who att¢nd church meetings on % regular basis rnay $ign up to the F.lectoral Roll. which is the Eornal membership of the Church of England. allowing members to vote at the Annual P3rochial Church Meering CAPCM). These totalled 536 in 2024 (2023.. 551). The figures for the Aver4e Sunday Attendancc, ¢ounted during C)ctober each ycar, previously gave a more reliablc indication of the size of rhe church famtiy. These show gradual growth in church numbers between 2015 and 2019. However. no count Was Perfornd in 2020 due to the pandcrnic restrictions and. in Octobcr 2021, although physical rncetings were t2king place in pcrson, capacity was ]imited due to the cornbincd effects of the pndemic and ongoing building work. Thc averdge in October 2024 was 842 (2023 846). 1200 iooo Sunday Attendance (under 161 800 600 Sunday Attendance116+1 400 Eleetoral Roll at APCM 200 2016 2017 2018 2019 2020 2021 2022 2023 2024 Pari$h¢s must renew their electorAI roll$ every six years in accordance with the Church of F,'ngland's Church Represenration Rules. The last renewal w&5 during 2019. when everyone who wished to be ible ro vote on church m2tters had to sign a new forn and we will bc renewing this %wain io 2025. Updat• - Saf•gu•rdlng Thc ("hurch of I., ngland is called to Shire the good news OF God's salvation through Jesus Chrlst. The life of our communitse5 and insutuuons is integral to how we addr¢$$ this task. The good news sp¢k$ of welcome Eor All, with x paru¢ulxr regArd for those who are most vulneAble. into a cornrnunity wh¢re the value and digniry of cvery human being is aftmcd and those in positions OE responsibility and Iuthoriry are truly trustworthy. Being EaithEul to our call to share the 805pcI thcTcfor¢ compels us to take with the utmost geriousness the chailen8e of prcvcrtting abuse from happening And rcsponding well where it has Thc PCC has M) voluntcers who share the responsibiiiry OE Parish S#f¢guarding C)Eficer. and a part-tirne Staff member to ovcrsee the large nurnber of DBS checks tequired Eor the st2(Fand voluntcers involved in the church's acuviues. Thr PCC continues to seek to implcmcnt all appropriate guidance and #dopt best pracuce with rewd to safcguarding, includinE safer recruitrnent pro¢¢$ses. This is re8arded by thc IJCC a5 an essential and integral clemcnt of the church, good governance and risk managemeftt activiry. although it has placed a substanually increased workload on 2 number of individuals. to whom the PCC 15 immco$¢ly grateful. As At 31 December 2024, 143 (2023.. 246) individuals within thc church family had received s%fe8uardin8 tr8ining. and 233 (2023.. 216) individuals h¥Ld current DBS chc¢k5 for their work with the church. Updat• - Staff In our rnini5try team in February 2024 Jessica Warburton joined in rhe role as iNlin$5ter Eor Community Outreach. This is a role fundcd by the Abbeyfield fund and sccking to work in particularly amongst the ¢lderly members of our wish. In ilugust 2024 Tom Brewster joined the sraff in the role of Nlini5tcr for ML usic. WJI Sykes left hi5 rolc as Jurtior Childrcn, Youth and F2milie5 Worker and we welcomed Rhys unden as rcp]accment in September 2024. Mitt Law. fthi5hed hi5 Cxtcnded cutacy in June 2024. and continued to support us during Au8USt %5 wc rc5h3ped our smai) groups. We w¢te delighted to be able to join with the Diocese in 5UPPOrting 4M8tt in his new one year role in Kilnhurst from %eptembcr 2024 from the growth fund. In out ministry support team. Fleidi Beatson j02ned as Fin2nce Assistant and PA to the vicar in FebarY 2024. Anna Wade left het role as lead recruitcr in August 2024. Jenny Wong and Rcb¢cca Tomlinson joined the team to covcr this role and provid¢ materniry cover within thc Ministry 5UPPOrt team.
Christ Church Fulwood Financial statements for the year ended 31 December 2024 Report of the Council - continued Updat• - Wld•r church The PCC recekved tt8u]ar updates Erom those members who a]so sit on Deanery. Dioces&n and Genetal Synody. The Council is pleased to be rcprcscoted at all levels within the Church OE England's governancc strncttwes and is grgtcful fot the time and comniitment shown by thoye PCC members who Bive g¢nerously OF their time. Thc PCC. in consultation with the Bishop of Sheffield. has asked for extended pastoral ovcr5ight from The Rt Rev Rob ,Munro who was installed xs th¢ Bishop of Ebbsfteet duting the year. He offers extended pastoral and sacramenta] care to those plSheS and clergy holding a complemeotarian understAndin8 of ordaincd ministry. which is an e55entia] part of rhe Church of En8land'5 approach to en$u¢ mutual flourishing OE difEetent church traditions. The PLC ¢ontinue5 to be concerned at the direction of travel on some of the issues being discussed at nauonai level within the Church OF En8land, nor least relaung to Iaving in Love and Faith (LLF). as discussed at Genera] Synods during thc year. The PCC hs contsnued to give cateful thou8ht to these rnattcrs and have appreciated the support ol Church of England Evdngelica] Council (CEEC) in joining wirh other evangelical churches in the Church of England to uphold the long held biblical beiiefs on human sexuality And marriage. Futur• Plans rhe church began 2025 with nothcr month of prny¢r and have bcen considering our versc of the year "And I pray that you, being rooted and establi5hcd in love, may have power, together with all rhe IA)rd'$ holy pcople, to grasp how wide 2nd long and high and deep is the lovc of Christ... Lphesisns 3..17-18 We are looking forwatd to the opportuniue$ to livc out our new vision. resting in Jesu5 And living for hi$ glory. Goin8 concern The l)CC continues to munitor it5 finAncial situation closely as budgeted cxpcnditure cxcceds income. During 2024. the l)CC has been gre#dy cncouragcd by the r¢$pon$e to its Giving tsunday in ()Ltober which Saw increased pledged to our incomc c105in% the gap. The PCC hs carefully considered a detasled budget for 2025 And a forecast extcnding into 2026, thctcfore covering a pcriod of at least 12 month$ from the datc of rlicse fJnancia] s¢atcrnent5. Although the budget anticipAte5 a deficit for 2025 the church'5 frec reserves remasn $uffi¢icnt ro support this. and the chutch M]1 continue to review its income and expenditure durin8 2025 and is ready ro takc nc¢cssAry acuon to ensure 2 balxnccd budgct in future years, ()n Ihi5 basis the PCC 15 satisfied that it is appropriate to prep2re the accounts on a going concern basis. Flnancl•l R•vl•w Income R¢tri¢d PuDdi Abbry&ekl BIryP Other Totql Ful Fus¥J Tothl FuNI• cth) £I¥J) £Mo 16 Gfovth •RSY L4nd& Fund Fund Fund BIMJdin81 Totsl £vi crth £ooD £( 891 891 Fi Doo Gift income - r¢MwlAr . ¢oll¢ctio . orte-off 34 928 9211 iy 952 Crf*tirt¢ome Other sneome Towi * RSY = RcNew South Yorkshirc rnatchcd fund. Bl.-I'l,' 1Suildin8 for thc Iluturc l.uttd Total income was £1.071k eomwed ro £1,968k in 2023, with the main fall due lo the one-ofE gift from the Abbeyfield trust in 2023. Gcncral fund income (For the rcgular activity of the church) dccredsed From £1.088k in 2023 to £1.008k in 2024. Regular VIng in¢reascd ro £894k from £865k in 2023. however one-ofE gifts dccrcased Erom £155k in 2023 to £34k. 17 17 102 24 3<) Other income increased to £80k from £66k in 2023 as the church continucd to carry out regu]2r activitie5, and due to the new church budding being available for the whole yc3r.
Christ Church Fulwood Financial statements for the year ended 31 December 2024 Report of the Council - continued EXdItre CcncrAi Growth •RSY IArd& Fulld DoDrJ Towl Abiwfjdd BFTF Ollr Fynd Fund Fund# Totsl P TOMI 598 598 43 43 minigrfF - othcr ¢osr 4J5 4J5 PY) 12 )8 . yv¢mm¢¢ -¢0 16 16 16 43 t3) 12 16 Actiiryry outside thc ptrith Totsl ¢xpuditstrt Total expenditur¢ w4s £1.226 compared ro £l,IOlk in 2023. The increase was duc to InCrSed staffin8 levels and pecific maintenAncc work carried out during the yeAr. Gcncral fund expenditure increased to £1,197k from £1,057k in 2023. this was due to inctt#$ed $taEfmg in rhe yeAr and higher energy costs. The contribution ro the diocesc wa5 £168k (2023: £154k) comprising the cost of remuneration OE Fulwood cle (other than the Vicar and Curate) of £98k (2023..£77k), And Common Fund contributsons towards rhe cosi of the Vicar and curnte of £54k (2023: £67k) and * Common Fund contribuuon towatds <h"o¢eson central costs of £16k (2023: £IOk). IJB io IJ 25 ij 29 FinAnCI re8uIt •ndye#r end P08AtiOn Unrurricted Fund• ResDie¢ed Fu¢)d• Gentt•l Growth •RSY L)d& PurMI FUNI Fund Buildi08• Fir¢ D¢M)Th Abbryfield BFfF Od Fund Funth TotAI Fund• £000 CO 21 37 Totsl Towl Nei £K £MO 75 38 IP74 I JthuAry 2(24 lu¥/Ukficitl T[$ferI 16 l.726 {IwJ) 785 1509 {179) 61 14 pluM/(tkfi¢itl If.( tr[ 11( 31 Dcc¢th 20 473 48 28 L 6) 1561 11431 756 31 787 2.420 I74 16 I39 J24 28 16 Ji 14SW = licmtlc.Studcnt$' Worker fund: RSY = RcNcw Souih Y()rk$hirc m•trhcd fund After trnnsfers bcNieen funds. there was a deficit on the General Fund of £51k (2023: surplus L88k) this was due to expenditure currently excccding our tegular giving. The followin8 5ignifi¢ant fund transfer5 have bccn mAde in 2024.. £9k was transferred fmm the 1 rninee Support Fund to the General Fund. representin8 SUPPOrt fot the trAin¢es on the inistry Trainee Scheme. £6k was trAnsferred from the Bible Training Yorkshire Fund to the Genernl Fund to contribute towards the linister for I'raining costs. ' £82k was tran5Eerrcd Etom the Building for the FUte nd. While the building work was completcd in 2022 we had held provisions fot the final sums. these werc r¢duc¢d in the final contract ncgotiauon And together with furthcr. unexpected, income and grant$ provided funds to be relca5ed bark to the General fund. £27k was transferred Erom thc Growth fund to stspport rhe appointrncnt OF the vicarfs PA and the provi510rt OF a curate to June 2024. At the ycar end. the PCC held £506k (2023.. £1.302k) in net current assets. Of this amount. £416k (2023: £459k) W25 Within Unrc5trict¢d bunds. £lt rhe year end the PCC hcld £342k (2023: £240k) in Ihrcc thffcrent deposit accounts with a variety of notice period5 and maturity dates. These are primari]y hcld to support the church's reservc5 and thc PCC wlll be reviewing its ongoing investment needs. Reserves pollcy The PCC updated it5 rcserye policy during the year and now xims to maintain suFficicnt Gcncrnl Fund free reserves (General Fund net currcnt a55Cts) to cover three months siaff 5a]ary c05ts to provide Eor short-tcrm working c2Pltal te9uirernents of the church. Based on the 2025 budget approv¢d by the PCC. this equarc5 to a round sum threshold of £160k (2024 reselves threshold.. £129k). At the year end. General Fund free teserves were £323k (2023.. £330k) and thereforc thc po]icy thteshold was exceeded by £163k P023.. £200k). This exccs$ is consid¢r¢d approp£iate as we facc a deficit budget in 2025.
Christ Church Fulwood Financial statements for the year ended 31 Dember 2024 Report of the Council - continued structuro, Governance and Managem•nt The Parochi21 Church Coun(al OE Christ Church, Fulwood (the 'PCC' or the 'Council? ts a coOrate body established by the Church of EnglAnd. The PCC operatcs under the Parochi21 Church Council Powers Measure and 15 also a registered charity with the Clwity Commission. As noted above. the objective of thc PCC is to promotc the g05pel of the Lord Jesus Christ according to the doctrincs of the Churth of England. The PCC ¢ontinuc to shape all its activiues to fulfil rhis mission under God, in particular through the vision to know and enjoy rhe transforming lov¢ of Jesus. and make hi$ lovc known to orhers, for his glory. The PCC has the responsibility of co-operating with the incumbent in promoting the whole mission of the Church within the Ecclesiasuc21 Patish of Fulwood. It is also responsible for the Church Cefttre and the owned and le2sed staff houses. Members of thc PCC Rre either ex-officio or elected by the Annual Patochial Church Meeting in accordce with the Church Representation Rules. 7C PCC is supported in it$ work by Six 5ub-committee$ AS well ay Ad-hoc workkng groups e$tAb]ished from time to time. The sub cornmittees Are as follows.. Standing Committee Exe¢ut¢$ PCC busine55 between PCC meetings. subject to delegated authority limits. A fotum for considering vision, priorities and significant issue$. Advi50ry forum For Vicar and senior leadcrship. Finance Managenient Group l=acdiiates effective finn¢ial planning and management through budgetary control and fffigncial reporting. Recommends and overscc5 staff remuncrauon 2nd bcncfits. Recommends and oversee5 po]icy and procedure$ for church property and fcilitiey, including rr. Staffing Subcommittee %upports the Vicor and Director of ()pcrAtions in staffin8-related matters. Hdp$ to facilitate best practice in people mgnagement. Helps to ensure approprigte pA$tor41 support lor staff. Mi#iion Committee Oversees re]auon$hip5 With the church's Amisiion Partncrs. Recommends long-term plans and ensures Bood practice in th¢ church's 5UPPOrt for mission beyond Fulwood. S4feguArding Committee ()versees all thc church's saEegu%rding poii¢ie$ and procedures. H¢lps ¢n$urc the implementation of bc5t 5afcguarding practice. Provide$ support for rhe church's two volunteer Parish Safeguarding ()Eficers. Safegurdiog Trustee Group Carries responsibility for Advising and infomiing the PCC An regllrd to any SAEe8uarding Serious Incident. Has the PCC'$ authority to obtain Independent l¢gt advice AS nec¢ssw. In addition, the PCC currently has the followAng ad-hoc working groups.. ViHitation and thirtyone:eigbt Impltmentation Group Lxads and guide5 thc implcmentarjon of the recommendations of the 2021 Bishops, Visitation thirtyonc'.ei8ht review.
Christ Church Fulwood Financial statements for the year ended 31 December 2024 Report of the Council - continued Trust••s' r•sponslb6lltl•s stat•m•nt Th¢ Councii members are respon5iblc for preparing the Report OF thc Courtcil 2nd the Annual Financial Statem¢nts in accordance with applicable law and Unitcd Kingdom Accounting Standard$ (Uoited Kingdorn Generally Acccpted Accounring Prxcuce). The law applicablc to Charitie5 in Engknd & w¢S require5 the Council membcrs to prcpar¢ financial statements for each Financs21 year which ve 2 true and fair view of the state OE affairs OE the Council and of the incoming rc50urces and appiicauon OE rc50urces of the Council for thai period. In preparing these financial statcments. the member5 are required to.. select suitAble accounting policie5 and then apply rhem consistcndT. observe the method5 and prin¢iple$ in rhe apph'c&ble Chuities SORP (FRS 102): make judgments and Lsiim&tC5 rhat are rva50n2ble and prudent: Stxtc whcther apphcable accounting Standards hav¢ been followed. subject to any material departtJrc5 that must be disclosed And expiaiocd in the financial stArements: and prcpary th¢ financial statements on the going concern basi5 unless it is Anqpproptiate to presume tt the Council will conunue in bu5ine$s. The members are responsible for kccping proper accounung records that disclose with reasonable Accuracy at any time the financial position uf thc CounLil and enablc ih¢m to ensure that the financiai stat¢mcnts comply with thc Charlucs Act 2011, the 2pp]icable Charitie$ (Account$ and Reports) Rcgulauons and th¢ provisions of the Church Accounring Rcgulauons 2(K)6. Thcy #re also responsible Eor 5afe8uarding the 2ssers of the Council and hence for rakkng reasonAble $t¢p$ for the prevention and detecuon of ftaud and other irre8u]ariue5. In $0 far as the members uc awAr¢: therc is no relewAnt audir informAuon of which the Council's auditors arc un8w*re' 2nd the m¢mbcrs have iaken all sreps thv4¢ they ought to have taken to mAke thcm$clv¢s aware of Any relevant audit informauon and to establish that the auditors are aware of that infomiauon. C)n behalf of the PCC 046 JWDyer Vicar 17¢h fvlaffh 2025
Independent Auditor's Report to the Trustees of Christ Church Fulwood Op2nion We have audited the financial siatemcnts of Christ Church Fulwood Cthc Charl for the year end¢d 31 December 2024 which comprise the Statement of Fitun¢iai Activities. Balance Sheet. Statern¢nt of cash flows. notes to the fulancial Statements and a summary of Significant accounting policies. Thc financial reporting framework that ha8 been 2pplied ift thcir preparation is appiic2ble law and United Kingdom Accounting %randArd5. including Financial Rcporung %randard 102 The flinancial Rcporting Standard applicable in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounung Practice). In our opinion, the fjnancial statements.. give a trne and fair view OE the st2te of the charitys affairs 25 at 31 Decembe¢ 2024 and of its incoming resource5 nd application of resourccs for the year rhen ended. have b¢¢n properly prepared in accordance with Unitcd Kingdom GenerUy Accepted Accounting Practice; and hvc been PrePd in accordance with the requirements of the Chuities Act 2011. BAui6 for opinion We conducted our auth't in accordance with International.Standards on Auditing (UK) a.%As (UK)) and Applicable law. Our responsibiliti¢$ under thosc srAndArds Are further describcd in the Auditor's responsibiiiues (or rhe audit of the financial statements section of our report. We are independent of the chariry in accordance with thc cthical rcquiremencs rhar Are relevant to our audit OF rhe financial statcmcnts in the UK including the FRC'S F.thical Standard. and wc have fuifdled our other ethical rc5ponsibiiities in accordance with these requiccrnents. We b¢lieve that the audit evidence we have obtained is sufficient and pptopriatc ta provide A b88is for our opinion. Conclu•iom relating to going concern In Auditing thc f2n%ncial stAtements, we hive concluded thAt the rru8¢ees' uge of the going concern bp4SiS of accounting in the preparauon of the finRncial statements is appropriate. Based on the work we have performed. we have not iderttsficd ny mAterial uncertknue8 re]Ating to evcnrs or conditions that. individually or collectively, may c#st SiBnificant doubt on the charity's ability to continue as a goinB conccm for period OF at let 12 months Erom when the fmanaal statements are authori$¢d for issue, ()ur responsibiliues and the rc$pon5ibi]iries of the d1CtOrS with respect to going concern are described in the ttlevant sections of rhis report. Other infornition The other infomuuon comprsses the irtfom)ation included in the annual report, including the w$tees' report. other than the financial statements nd our audiror's report theteon. The tnjstees are responsible for the other inEornuuon contained within the 2nnuai report. ()ur opinion on th¢ financial statcments doe$ not ¢ovcr the other information #nd, except to the extent othcrwise exp]icitly statcd in our report. we do not ¢xprcss any Eonn of assuran¢¢ conclusion thcrcon. Our responsibility is to r¢d the other inlorn)ation and, in doing so. consider whethct th¢ other AnFormation is matciially inconsistent with the financial st2tcment5 or our knowledge obtained itL the course of the audiL or othcrwi5c appears ro be materially mi55tated. EFwe identify such material inconsistencics or apparent materia] misstatcrncnts, we are required to detennine whethct this gives rise to a mateiyal miystaternent in the financial statcmentS themselves. If, bas¢d on th¢ work we have perfornied. we conclude that there is a material mi5St*tement OE this othet &nforn)aUon. we are required ro report that lact. We have ftothing to report in rhis regard.
10 Independent Auditor's Report to the Trustees of Christ Church Fulwood Matter8 on wbich we I tequAt¢d to teport by exceptio In the light OE the knowledge and undcrstartding of the chariry and its cnvironment obtained in the course of the audil we hY4ve not idcnufied material misstatements in rhe trustces. report. We hxve nothin8 to report in tesp¢cr of the Eollowing matters io rcigtiort to which the Charities (Account5 and Reports) Regulations 2008 require us to report to you if, in our opinion: the information given in the tnjstecs, report is inconsistent in any material respect with the fthincial statements: or sufficient accounting records havc not bcen kept: or the financial statements are not in agreement with the accounting records. or we have not Teccived all th¢ inforniation and explanation$ we require for our audit. Re•pon8ibilitie8 of tru8tee8 As explained mote fully in the trnstees, responsibilitie5 statement set out on page 8. the trustce5 are tesponsible for the preparauon of the Finxncial statements and for being sausfied rhar they 85ve R true and (2ir view. and for such internal control as the trnsrees detemiine 15 ncccssary to enable the preparauon of Fmancial statements that are Eree from materiAI misstatement, whether due to fraud oi crror. In prcEwing the fjnancial statements. the twstees ar¢ rcsponsible for asscy5in8 the ChIty'S ability to continue as a goin8 concern. disclosin81 as applicabl¢, matters related to 8oin8 concern Ind using the going concern basis of accounting n1¢35 the trusi¢¢$ either intend to hquidatc thc charity or to cease operations, or have no realistic alremativc bur ro do so. Auditoe8 re8pon8ibi]itie8 for the #udit of the financial 8tatemeDt8 We have been appointed as auditor under section 144 of the Chgriues Acr 2011 and rcport in accordance with regu]ations mad¢ under section 154 of that Act. C)ur objectiVC3 to obtain r¢asonable Assurance about whethcr thc Gnartcial srAtements as a whole are free from matcriai mis$tatcment. whether due to fraud or error, and to issue an auditor's report that includes our opinion. Re%$onibl¢ assurance is a h&gh levcl of as5uran¢¢. but is not a guarantee that an 4udit conducted in accordance with I%A8 (u will always detect a material misstatcment when it exists. Missiatemcnts can 1$¢ from fraud or error and are considered material il, indivxdually or in the aggregate. they could rcasonably be expected to influcncc the cconomic decisions of users tokcn on the basis of rhese fthancia] statements. The extent to which our pro¢edure$ are capable of detecting irrc8uhtitie$, induding fraud is detai]ed bclow: 11)e ch#rAty Is subject to law5 And regu]aUons th*t directly and indirectly affect the fin#n¢ial statements. Based on our understAnding of the company 2nd the environment it opcrdtes within, we determined that rhc law5 and regu12ti0ns which wcre most significani included E,"ILS 102, Chariues rlct 2011 and I lealth and %afety regulations. We considcrcd the extcnt to which non-complianre with these laws and regulations mighr h2ve a material effect on rhe financial statcmcnts, including how fraud might occur. We evaluated managem¢nt's incentives and opportuniue5 fot frauduIent manipulation of thc financial statement5 (including the risk of override of controls), and dctcrmined thar the principal risk5 wcrc rclatd to the posting of inapptoptiate joumal entrie5 10 improvc thc chatity's result for the period. and management bias in key accounung estimate5.
11 Independent Auditor's Report to the Trustees of Christ Church Fulwood rKudit pri>c¢clures perf()rined h!. the enkTAyinient ttiin iniliidLd.. l)i%i(i%%i(>n4 ii'irli iiijini& kPLniLnr Jn(I Ilii)se rispi?n%ililL ti)r l¢gi'.Il Lt)Inpli'.InLL l)rc)CLcILire% ii'iihin ilit chllrii). In rjhtiin 2n an(1 tr'.iucl., Rei'iLii'inkr iiiiiiurLs ()f trLI8(¢¢ niLvflTikts' l(Ii iiiil!'IllkT and il%%LS5IIIMr rliL (IL%ixn Ll-tL¢iii'LnL4% ()l- LiJntr()1$ 111I1t iii:In1kienient h.,1% iii plALe t(> pr¢i-¢ni Jnd ilLrecr tM)%tLd l)). SL'nii)r m.'Lnl&YLinenr. U8L of our rcport 4G.I:I C;Ir)s%()p Ri):i¢l
Christ Church Fulwood Financial statements for the year ended 31 December 2024 12 Principal accounting policies The ccounrs (financial staterncnts) have been preparcd under the historical cost convcnuon wirh items recogtiised at cosi or trnnsaction valuc convcnrion except for rhe valuation of ccrtaitl properry and invesrmeni assets. which are shown at capitalised or market value as below. financial statemenrs havc bcen prcp2red in accordance with thc %tsi£ment of Recommcndcd l)rarUc¢- rlccounting and Rcporting by Chlriues preparing rheir accounts in accordance with the E,"inanciai Rcporting St2fLd2rd appb'cable in the Uk 2nd Republic OE Irclnd IFIL% 10?). thc f4inancixl Reporting Stalldd applicablc in thc L'K and Repubhc of Ircland (Fli% 102). Ihe ChariiiL's ALL 2011 #1)d iii dLcordill)LL wirl3 rhL Church ..ILLoiintingy RLgulAtion% •11116 goi'¢rning the indiiiduil ACLounrs ()f l?CC.s. The PCC constitutes a public benefit enury a5 deFLncd by FRS 102. Funds Unrestricted Funds rcpr¢$ent the fijnds of the PCL that are not subjecr to any rcstiiciions rcgdrding their use and are &vai]able for Applicarion on Ihe gcner31 purposes of the l)CC. Certain Unrestricted funds ma), be carmarkcd for o partscular pU05C - these Arc known as Designatcd Punds. Re5trictcd Fund$ #te those funds which rhe PCC must apply to specific purp05cs creatcd either by donors, reguests or Icgal oblig8t%ons. I'hese lld5 arc rhcr¢fore noi avai]able for %pplic74ti0n on the general purposes of the PCC. The accounts includc all trAn$actions, assets and habilities for which the P("C is respon5il)Ic in low. Incom• Illl incom¢ is reLognised once thc charity has entitlement tu thc income. it is prol)2ble thAt the income will bc receivcd And the %Lmouni of incomc receivable c2n bc measurcd rcbably. Income from grnnt$ is recognised wlien there is ¢vid¢n¢e of enurlement. rhe ¢cceipt of th¢ grant is probAblc and its Amounr CAn be rneasured rcliably. Donatlon• and l•gacl•• Regul2r giving is reco8ni5cd only when r¢ccived. Income tax rc¢ovcrAble on Gift Aidcd general dgnatsons is accrucd for on a monthl). basi5, bascd on the donauon dale. (Jf3nis and Icgacies tu the IJC.C arc accountcd for as si>on xs the I)CC 15 notificd of lis Icgal enuilLmcnt and the loUnt due is quanu[ble and its uliimate rLceipt by the l)("C' rcason3bly ccrtgjn. Although thc l)C.C. is leRall)p enridcd to claim Cjifr ..lid tax on donarions reccivcd in tespect of major projec15, thc PC("'s policy is nor to rcclaim rax whcrc there remains any si8nificani doubt al)()ut whether ¥L projeci will prg¢c¢d as proposed. I'or this reason, GiFr tlid tax was only rc¢lairn¢d on donations to rhc Iluiiding for the I,uturL' project oncc pcrmsssions werc substanuAlly rcccivcd And the PC.C had madc a final decision to progress wirh the projcct. Other Incom• Rental incom¢ from the letung of church premisc5 1$ rc¢ognised when thc rcntRi is du¢. Bartk tnteresr is accounted Eor when rcccivlblc. Invesrmenr gain5 and losses are recognised upon rcwAluation of the underlying assets at each yeat end. Dcfcrrcd incom¢ relates to events which will takc pla¢¢ in future aLcounung periods. Exp•ndltur• Lllabiliues are reco8nised a5 cxpcnditure 2$ soon as there 1$ a Icgal or consrnjcuvc obtigauon commiiting Ihe chariry to thar cxpcnditure, ir is probable that 5cirlcmcnr wJl be required and rhc amount OE thc obligation can be m¢a5ured rcliAbly. ..lll expenditure is Accounrcd for on an accruals basis and includes ittecovcrable I'..lT. Grants to misslon partners "LThe church support¥ mission parrners in rhe UK and around the world. IX,'herc a particu12r fftissiun partner has been supported by rhc church for a number OE yeArs. Strici compbance with the ChAriric5' Staicrncnt of Recommended Practice (S()RP) may regard some arraAgemcnts as eonsuiuung consrNcr¢vc ol)IsgLuons SULh that fururc yc%rs' Support is accounted For in Ihc5c ac¢ounts as a liability.
Christ Church Fulwood Financial statements for the year ended 31 December 2024 13 Principal accounting policies Whi15t thc silPPOrt has no final end date. the Couocil asse55cs mission partner funding on an anftual basis and is confident that the mission partner5 would not view their support u an open ¢ndcd obli8ation on the part of the Council. The annual commitment only is #ccounted for in these financial statements. Flx•d asJ•ts Con•crnt•d land •nd bulldlng• and movabl• chu furnl•hlngs Consecr4ted And benefice property is excluded from the accounts by s.10(2)(a) of the Charities Act 2011. Movable church fijrnishings held by the Vicar and Churchwar(kns on specA21 [rtt for the PCC, and which require cuity for dispo941, Ire accounted as lien#ble property unless con$e¢rdted. lkney are lisred in the church's inventory which can be inspected 2t ony reasonable timc. For inalienable property acquired prior to 2000 there 15 insufficient ost infomiauon avai]able and thcreEore such as8¢ts not valucd in the accounts. Items acquired since l Januaty 2000 have been c2PAtali$ed and dcprcciatcd in the accounrs over theit curr¢ntiy anucip&ted u5cEul economic life (initially over 10 years) on 8 strAight-iine basis. All expenditrjre incurred in the yeAr on consecrated or beneficed buildings. on individual item9 With a purchase price below £500 and on the repair of mov4bl¢ church furniyhings acquired before l January 2000 is expensed through the Statement of Fitianci Acuvity. oth•r land and bulldlngs Additions Are capitabsed at CO8t where llcquircd during the yeAr. The cArrying walues of t#ngiblc fixed Assets previously valued when capitaii5ed have been retained at their book amount as a deemed cosr on transition to %()RP FIL% 102. No depreciation is provided on freehold ]nd and buslth'ngs. It is the policy of the PCC to maintain its properties in such a condiuon that rheir va]ue is not imp2ir¢d by the ps5agc of time. The residual value 18 $imilr to its carryin8 value and th¢reforc d¢pr¢¢iation would bc immareri21. oth•r flxtur•• Ilttlng• and offlc• •qulprn•nt F guipment used within the church prcmi5es, including IT and Communicauon Equipmcnt. 15 dcpreciared on a srraight linc basis bctwccn Eour and ten years. depending on thc rnost appropriAtc useful economic life. Residential Property rixtures and FittsnB5 arc dcprcciatcd on a straight line basis ovcr 10 yaT5. Individual items of equipment with a purchase price of £500 ot less #re written olf when the asset is acquired. Motor v•hl¢l•• ,Motor vehicle5 are depreciated on a $trai8ht tine basis over eight years. Inv•stm•nt• Inve$tm¢nt$ initi4lly recorded at cost and subsequendy measurcd 4t fair value when determinable or at cost legs impairrnent IE not. Quoted investments are rerne2sed at fair value, while unquoted oncs remain at cost unless a rciiablc fair value 15 available. fair vatue reviews ¢arricd out at each reporting date. with necessary adjustments recognized in thc stt¢mcnt of financial activiry. ()n dispos, any th'ffcrcnce between cwing value and proc¢cd5 IS recorded in incorne. Payments made Lknder operating leases expensed on a straight-]ine basis over the lease term. P•nslons Retiiemenr benefits to employees of the PCC are provided under the following arrnn8crncnt5 during the year: contributions to personal pension pians of the employee's choice; or contributions to the church's stakeholdet pcnsion scheme. The charity opened an auto enrolrnent compliant st2kehold¢r pension sch¢me with the People's Pension to which all contribuuons to employees, r¢tirem¢nt bcne6ts are paid in to. All conrributions to pension plans are chargcd to the Statement of Fmanciai OCtivitic5 in line with recogniuon of egrnings and in accodan¢c with the njleg OE the scheme.
Christ Church Fulwood Financial statements for the year ended 31 December 2024 14 Principal accounting policies Golng conc•rn The PCC have ser a similar budget for 2025 as in 2024 thcy conunuc to support the ministry of Chtisr Church. Our continucd staffing n¢cds rnvAns that our budget remains ar a defiat Eor the next 12 months. how¢vcr we give thanks to God that lasr years. gÈf( days and 5ubscquent incrcasc5 in r¢gular giving h2ve provided sufficient reserve5 ro cover 2024. Ihc PCC has $4]ffic&ent reserves to meet rhe curreni shortEall and rhcreforc has a reasonabl¢ cxpcctatiort that it has adequate resourcc5 to continue in opCrnti0n existence for the foreseeable future. Accordingly. it continues to adopt the going Concern $1S in prepating these financial statements.
Christ Church Fu00d FHiarwi81 ststements for the yeBr ended 31 Drnber 2024 15 Statement of financial activities Cntr•i lkniyted kntricitd To¢ lots] No fiwd Incomt fro l)ongtsoni and l¢witi 921102 24.966 17.791 IB.469 94068 17.790 94.211 6.565 1,071,634 1058.848 24J25 80.682 4375 1,968230 r.hwi14ble Ittiviiiei Invcsimcnti TotAI Income 75.742 4.736 J.(N5e 63,054 Expemdiiurt on Chwitsble Acti¢8 Ministry cxpcrti MiJiOll. and other iupport Tor ENptndiM 1,049002 137.834 1,187,6J6 16361 12020 291181 1066063 161JOJ J327J68 10.651 140J78 1.101?18 Nct sove¥EtyAtr 11481 11481 Nti (eXAl>/In¢Offi¢ b¢for¢ tr•re 1179,050 (lo51) 46,454 1143JU) 066,912 1'Anifery b¢tweea f4MM 12b&e I2914 P6.7721 1102244 Nti mLsvemEnt in fvndi •fter 150 P7.4111 155,78 (1432SJI 866.912 522,71J 1x13,670 842.1x19 U69392 1.702J80 Totsl hnd• CAnied 4131 Dt¢embEr 472,671 426,039 2 569292
ChrK81 Chufch FU0d Fin8n¢Yal stalernents forthe y8ar ended 31 December 2024 16 Balan sheet No 2024 Fixed 1$8¢ TgnRsblc JsW JJllJ14 697.IM5 1.920J59 4207265 I?,165 Cutttnt Dcbto Short Itrn dep)iits Luh % b¥Jk aod tsi ha 10 14 17.643 341J 241194 60JJ49 9,734 L181.764 1,45U48 14 cdI10.. moutyts falling TthIn one ytsr 195h69) {15OJ21) Ne¢ ¢wr¢ni 505.680 IJO4027 Totsl rtei •• 2 426.OJ9 1569292 Vundi C¥eneral lkni8nAied 'I(>iAI UnreiLriCttd Re•tn¢i¢Yl TOl¢holity fund• 472.671 1.166.247 1.6J8,918 787,121 Z 426.039 522,715 12OJ.6 .726J83 812.909 12 1kne finanad biiicmttyu w¢r¢ PPfo¥vJ by the P0¢h& Chutclb IA>un¢il 17th MaKh 20 and wcd on iti bchAifby'. er RJWade Pl'.(. Irtsjutcr
Christ ChuTch FU0Cj Fillaal staiefflents for the ye8r end&1 31 0mber 2024 17 Statement of cash flows No 2024 CAih flo from op¢TriingAciiviu Nrr PT(>vided by OPCfstsnM aUi%iti¢J 13 (15L891) IP12.721 Cuh fiow• Irom A¢iivitie 1SAftk thtrtut rc¢uvul 14)mcnts io Rcqusrc inveithicnt• l>utchqsc of red Net cuh {d to)Ipwded by inbT#rin8 ctÉ%ryil 4J75 (684J64) (7,IA14 1685,9Di) P226) 1.140 ChanKt irt ¢uh ind eih equivaJ¢n 18J7.792> 1,013170 Cuh and ¢Mh equiv8ttnN af the bc8innin8 of the yeAr IA2L498 do728 CA•h Ind ¢*h tquivalcnts a¢ th¢ ¢Dd of the ytkr 14 583.706 1.421,498
Christ Church Fu0[3 Financial ststements for the ye8r endgj 31 DKembei 2024 18 Notes to the financial statements Don•t10 •nd L•Hacl•s Gencrnl FuThJ¥ D¢8iKnattd PLtrtd% Resirtcd Funds To1 2024 Total Rc8ularpvth15 125(KJ 3,125 615 153,917 lJ8m7 907ffi6Z 573,116 I' ttcnvcNblE Non Gift Ayj donatiot SubtQLal 150,792 137214 89).174 154J41 870.736 CA)MceiiOni CTS(i Aid drmiÈo• {Ima(nItIonS xhcmcl .1 u rc¢av¢nblc Non C>ifi Aid 2,136 O1rfdOna1x>nl bE9UUt• Ciifi Ajd donabonl '1 r¢¢uvetsb Iiifi Aid d11• Subwui 26.742 26.742 6,686 9.178 41606 14Q404 JA616 802,Bts6 989,976 71X) 34.128 8,47B 8,47B 928.102 24,966 951068 1,858,N48 R¢8vlar IpYin8 rcp[¢Kth gmounts [ttr1% by JIdIR ordcr and thc cnsrknpc eMe. pleA1¥ smounii rccrivcd from Swidy ¢oll¢cDoni l¢¥¢ludin8cnvclopu undcr thc cnvc]y i¢h¢•nel. (kntroff donAtinni rePnIS Dthtruifti Ytwved. £926.102 (2023.. £1.021.938) wu t¢CCi ih¢ G¢n¢d Flurtd P4.966 (202J.. £836.91U) ¥tc¢iv¢d int¢J Il¢iiti¢i¢d Ilunth. of which £22,585 P02J.. £37.9)Jl w rtt¢Lved 1) thc Nuildin8 fijr tht Iluiur¢ Ilund. In¢om• Irom ah•rllabl• ¢t11 Generni Fund Re•iri¢i¢d Fund¥ Tothl 2024 P4ri8h min•tsy {Cludin8 ftcil Childrcn, Youih and SnJd¢nii (Jiurch (Mtrc kttiD ()thcT 17,540 55,967 IB.469 34.795 43.575 JS.967 690 l.$45 1.545 1312 D5,7421202J.. £61.4481 I,"urtd incamc )d £18,469 (2025.. £192341 RuLfiErcd F'unds ffttomt. Incom• from InM•t Ceneral Fynd Rc•twi¢wl Fundi TotAI 2024 'rot 23 lknk ini¢ro1 4.736 1.829 l.B29 565 6,565 4375 4,J75
ChTi81 Church FiTran¢ial statements for tha year ended 31 Dernber 2024 19 Notes to the financial statements Mjnlstry •xp•n••• Gentr•i Purtd Ik6ignAted Fund• TotRI 'ror91 23 FuNt• Note 14ri$h mimiSEry Sttdcnts, Youth. (JiQdr<n fothib AdMIntrative s1¢¥ OthLY odminiitrAiiVC CQI Propcrry fadits Rcnnltrin8 p¢1 I)cpnthati<M And ID81 tsn of 15Kti Suppot¢ ¢O$i• 310.726 284,765 209.898 2420 55595 J66J2t 2PA,765 Z09,898 24.520 111,710 (39JJ4) Ji.&v 16J29 1.066,Q63 295.084 256ts7l 175.939 2J,762 108.524 17.494 54.176 292%X) 96Q.940 (J9J341 51154 16J29 1,049.802 16261 £IJM9W0212023'. £931,075) w41 Cienerd ITund ÈxfxdlI¥r¢ Ind £16261 P(12J.. £29,864 R<¥tricw l?undi cxpthiditutt. 'Ilr nrKouvc txpcfidiNre (){ D9.rth iv cxwdiLUtc preyiowly r¢¢owKd io tofflpkte thc proittt whi¢h %w r4uircd th¢r¢fort lun td¢a bjck tnti) %he Accounti. Ml••l•n, dlo¢•••n and oth•r Pport Gtnernl Vund Dcst8n•ted Futtd• R¢tii¢thd Fund• Tot•J 2024 Noie Supprjrt for rniui(Jn pthfjern.. . Milltiirt CA)mffjitice 0Cl¢L0 116,401 240 116,641 15.977 216 11(401 115,397 14.776 130.173 10,Mo 205 12,1120 12 129,461 15.977 210 IOffj5J Lomn¥>n Iluttd diD¢¢ iw15X)rt Vi¢ali diicrc(¢iMary Buppt)rt SupJM>rt of KeNcw South Yorkihi Supprt of oth¢ AnFjl¢ v[%anlIto• lo51 161JOI 140J7B £137,834 (2023.. £125.1144 CtrcthcMI Ilund cxpcftth'iuw glld £10ts51 (202J.. £nJ) wqs DcslfviA I1$ t¥J#tb'iutt. £12.820 9023.. £14SJ61 w cxpcnditur¢ rt(Jm Rc5LriCtcd 14utLdi. Ml••lon, dloc•• nd tsth•r •upport- ¢ontlnu•d 'Iknt Xiiuni Piwd E(> ihe lj(Ke5C of Sh¢rritld durin8 ihc yrar compriKd three fflain ¢lwttty)r$'. Iljni, thc ci)IE nf r¢rnuntvA)Th af liulwr¥Mi SEAff. thc Cler ()th¢r ¥h) ihc IryCqT curattt R¢v. P¢ Scnrnan Ind R¢v. Stcphcn R9¢. Sccond A Lotnmt>n I'urtd cnblin fur Ilulw(x)d minutry ¢xpth¥c#: Ihc prirnw coiii uf rcmurt¢rAtio8 ihc vicK. Kev. Joftny l)y¢tTr * tDnEribuiiOll luwl tbe c<>Dt$ of tho Rci.. M3Ethcw l.%w¢i. • f.t>mrnott Ilund conrribuiion towArd¥ ¢¢rttr colts. Mini•try EXp¢TtI Dioccmn mit1try Ilxp¢n 'lotal •upport iUPPDn Fulwt>tyd Siff l¢xelu¢Ju5B th¢ and cw2t¢l (Aimmon Ilund coniributions 975] 54.024 97,851 70,fy)1 76.924 67,183 76.924 77,183 15,977 151,N75 167,852 144.107 154.107 AJ 7h()wn in the atty$L4 abDV¢, all thc to$t8 [clat tu alc Irtdudrd in Mini5tiy I'.xpcn5cJ thidtf ihc rclrvanE ministxy lice rtDtr 4 #lxwcl. Only the cIThKEnt rcptcXtfft th¢ PLf'$ totVAtdi ¢¢nty31 CO¥E¥ il includcd fft CJ>mmun Ilwid diotcJ4n 5VPP(hrt S bDvel.
Chrtsl Chutch Fu00d Financial stslements lor the year endthj 31 0mbe[ 2024 20 Notes to the financial statements S•rt ¢o•t• GeD¢rAI Funds Reotricted Fund Tts1 2024 Tttal Auth"t & Pyoteuiond fc 3,928 2ts50 10ts90 12528 •t•ff roty PCC r•mun•rnt14)n •nd •xp•nM•, and th• ¢o•t ol IL•y fflan•g•m•nt p•r•onn•l Gen¢wwl R¢Atii¢d FundB Fud¥ TOMI 2024 202J 325.151 27.940 49J63 402,454 34.788 3,650 4.870 433OB 359.939 31.slyj 282/7 22,987 41.737 347J31 Socid CUrity colts 445.762 Avcr4c numbcrof full.iine e4uiYskTh¢ ¢mpJoyc 12.5 10.3 No •mpJoyec cKld LOOW) p¢r nilM Dtfflo(¢ ihc ajrrcni OT prccedfftg #ceountW8 p¢. Pf.C. m¢mbcrn were not pwd and did rtoi T¢¢ti¥'¢ Ofiy Othv benefiii ¢n thur cllplltity ts IICC ln the yrnr (2023.. £nd) Mthet w¢r¢ Ihey rcifflburKd exp¢nx¢ In their capscity Ai pr.(: mcmbcr¥ durin8 th¢ yeAr12023.. £nd). 'lThc kcy mBnwneoi r¢N¢Jrtn¢l ofthe charity cofflprijc ihc Ir.I' mcmbtys. which th¢1C the de..1¢ eosi t>Cremwi¢¢¥tiDn ofi ul4wJ PEr N¢ 5 £151,875 P023." £144.IOT). Olher clcw ¢XPC¢L'¥, ¢1]in1 htsuiin8 C05tI. wcre £98.154 (2023.. 183,WA)I. 8t•ff ¢Mt•. PCC r•mun•r•tlon and •xp•n•••, •nd th• ¢o•t ol k•y m•na9•m•nt p•r•onMI . ctsntlnu•d lTr¢¢ followin8 cmploycci wetc cmploy¢d by ¢lL¢ I¥.'(' whtht bcing itx)uJcs o( bY)tinB PI"1" m¢mb¢tY thc yur. benefi Exp¢Dx• BmpJoy¢¢ Po•iiion Conne¢iioth P I lattis I'hJdr¢tt'i and lamdiCS' W()Ikcr Ixad Arlr O)115 AdmLniiit2tur) Wif¢ of P¢.(- mL'mbcr Wif¢ of P(f. m¢mber 38.525 4.194 47 A WA(IL crnuDe¥autsn Ixn¢fiti uid1C iAlw. empknycr NIUVn Insutyttc¢ coThtributiDni pcnJM)Th ¢o#rtibvtions. I,:%pthix¥ ttl&tc to tTrYcl, ph¢Jn¢ PNWiSl And boDk wInC¢S. Twglbl• Ilx•d •••ts R¢itd¢ntial Moior Ptoptrty Fixturei vehi¢lti •nd Fillin8• d& bwtdin88 FIUl fittin81 EgUiPrnth¢ Lo At l 2024 Adth"tsun5 At 31 l)cwnb¢r 2024 1,073,577 262.679 I,818 17.436 1,554.570 7.W2 1.562.472 I?3,$77 27QSBI 1gOJ78 17.436 10.( At l J3ttwy 2024 CTh2fKC rt)r the year Di5pI)s1s At JI l)ee¢tttLxr 2024 12J202 8.7Jl 16892 544 287J05 51A53 41578 181789 131.933 17.436 339.558 Ncr bouk Arno1 # Jl Dccembcr 2024 791 54945 1,223 IM)()k amtytsni 31 Dcccmlxr 2023 $44
Chr1 chUh FuTrwo¢)J Fln8nci81 ststsments for th8 year 8nded 31 DK6mb8r 2024 21 Notes to the financial statements Twlbl• lJx•d w•t• In¥Mtm•nts 2024 Mat*rt Valu¢ it l 2024 Invc¥knenr5 Nef iaVC5tfflcnt 1n1 ma£t Value at 31 tk¢emFxr2024 12.481 697,045 10 D•blor• Incomc tax rccovcThblt PrqjayM¢n ¥rtd rucd inc(¥me M068 3.175 17th43 18J117 12.463 30.K50 11 Cr•dllor• 2024 AccNth Jnd d¢(¢rr¢d incom¢ 95,669 150J2I 150J2I 12 Analy•l• ol Vund• and Th•1 •wt• by Pund Unre•tri¢t¢d Fund• rk11lIed Rt•irlciod Tol YJ24 149,737 418.60J (95ffi69) 1,073.577 92.670 697,IM5 ,076 L920JJ9 60V19 (95WJ 1267265 1,452.148 1150J211 I'utrcni Asieii (.utt¢rtt b.lIeS 472.671 1.166247 787,521 42639 2,509292 D¢•w>aicd Ind Rriititicd I'wdi fwth¢r AnalyKd thLYr mwn wfflpon¢Th¢s in th¢ followin8 notr
Christ Church FU0cl Financial slatements for Ihe year ended 31 Decemter2024 22 Notes to the financial statements 12• DMlgn•t•d Fund• Io8ht rorwtd FurtdE CWTicd Incon Exp¢rtditutt TrnnsferB Gfowth fund R¢Ncw S()uih yorkshi MHtch fund IAnd & BuiiJiO8X Cvlld Iljrc [)o()r fund 75Jg) SBJ(X) .073.577 16394 (26,774 110.6511 27fv49 )M73.577 16J94 t303?0 .771 'lts¢ P('.(' four l)cs4wii funds •r th¢ el of the ycAr. apart (tom rh¢ 1¢ budID fund bein8cwLfnt ut•. ik54wiwd Iw)d$ ayc ttt lde at thc Pl"(-.s dreIn. (irowth furtd Moncy xt Isidc f()r the piot%ryh ofthe thurch throuAh invcsirn¢t Illfftistry IlY th I'-ulw<>¢)d, church plniin% ond p40n¢tship projccis. All unrcsirictcd onc.DfffI8 v¥¢t£20. ind lwacs reccivcd by thc PCC. arc di¢1¢ snr() th¢ (trtt)wih I'und. Money Kt asi(k fund up ii) Ihc (m¢ 01Pe1 ministry P¢[ co4 Nd¢rk¢ by our R¢New Juih Yc>rksh¢r¢ parin¢r rlik&r(hc•. Uied io hold thc Cthurch C.cniwc (pritir 1¢] I5)R fot the I'uturc w()rkil And i h()ust118di'er Hir¢h Avcnllel ¢urcfidy Occupied by A membcr nf church 114ff.'lkn¢ ba]thCc irisfert¢d frr>m a m%1)[d Ilurtd in th¢ prcvitsux y¢ar. Moncy sci I#1¢ ro thc repr uf (¢ doDrJ in thc ¢hw¢h ¢¢rtu¢. ¢NN.Snuih Yorkshirc Match fw l.nnd & l3uildin fund Iljr¢ IX)tyf rund 75,399 29.777 JK,Joo 1.07J.577 16,J94 1,2Jl.441 75.J99 P9,777J J8,X I,OIJ,577 16.J94 I,HlS,670 I'kn¥ L)vDrl'4 9,777
Ghrisl Church Fuhvocrfj Flnancial statemonls forthe year end 31 t)ec£mber 2024 23 Notes to the financial ststements 12b Ret• Fund• Fundi bruu¥ht Income E¥pefyJiturr Gain• Trnmfern fonwAtd Ablyficknl I'und I'rAckcd fun Other fuAds 784.719 2.916 55274 143,6311 (8B57) 23.407 12.481 756J98 1933 27.790 8074 51 J51 110224Z) 84LS¥ 102 TM¢ktd ndts Amd other fund• Land & uilthnB• Abb¢yfi¢ld Fund Total 20Z4 697P45 59353 697,ts15 90.076 ('urrenE UJCES Lurtent b"bditi¢i 30,721 841WJ 756398 30.72J 842,WJ AbbCyrkl I'und Ilunds hcld w Krycoldcr PLY)plc ithin the lo wmmuniry ipecifscally Mth * Yicw to ITrryBhcihinH comrnuniiy cuc (Jfcldtfty rKr#tyni. Tr•¢k¢d fun 'll>r fI)ll1)lg fnur RcstricLe4114und$ Ire uted tts imck #pecif moniu cominK 07 •rtd BOMB 0111 of the thureh accounij th10 t¢ fftrendcd to rcEUrn to
ftcr cAch yCAr cnd..
Mi)ns¢1 by ¢hw¢h ¢nembcrA to bE cd to iupwrt ¢h¢ ¢hvr¢h'i CUTrcnt lpcclfd m111K>n pthn¢th ith tht
UK ¥rtd (1vrTl.
Mi?nies wven io be t¢) iuppDrt gptgfi¢ indiwdwlj in ministry irainit
l<iniei KLVcn by chllh m¢mbrr¥ ID Iup
)rt churchcj IN Kt)marti.
I,Ir¥ trtLYvcd by thr PL(. for wcddinp fun¢rAl8 whh Irt then diitsibuted to tht l)iOCU¢ thd ihi)#c who
pm%rydcd 5CfYICC5 at ihuc (K
Chr1 Church Fulwood
Flnancial ststements forthe year ended 31 Dtternber 2024
24
Notes to the financial statements
1Zb R••trlct•d Fund•- ¢Onllny•d
7ryTJJns
714.719
10,051
85,699
784.719
2.916
55,774
3,181
JO,585
110.316)
(34.085)
6.925)
JJ.766
6,925
1142,909
lkn¥IdtS
OthrJwKdJ
2J
IPiMydwJ¢ts
714.719
58.190
842.SY19
2K4,719
58,lJ¥J
42.SV9
12¢ Fund lrnn•l•rn
l)urin8 ihc Y[ ihc miur ¢rJmf¢rA bctwtcn fundi wcic mAdc a pm i)f th¢ PC.C.'s fundin8 ofiti opcmioni,.
Ge#ernl
Deiianiied
Rcltricted
Ikthil
TrnnAf¢Y• to ihe Genernl fund (wom Dti8llAt¢d lund•
( jrvwth Ilyn¢J
(JCEILral fund
thoN8h th¢ proYwit>n of * PA.
'I'o iuppurt thc pruiiiion of a
¢uNi¢ io Jun¢ 2U24.
(ifuwth Ilund
rJenCr fund
1&772
IlQ77¥
Tro[¢ to thc GenErnI fund fwom R¢•ui¢i¢d f¥nd•
'If•in Sypw)r¢ fund
General fund
&599
I81 Supp(>rt f¥f thc trnineci utb thc
Mlnixtry'ltac¢.$chcrnc
Vriends of Ily]wooa
G¢ncraJ fund
{4027) '1'o th¢ wotk orth¢ liemth
Studtnii, WorkLY.
IW281 '1'rnn5fLT fyn411 in ¢x¢cii of
mplob()n ¢ns11 10 th¢ &LnctaJ
rervci."
IluJdiD% for ih¢ Ilut
CJcncraJ fund
Bibic'ltintii8Yurknhitc
GcncThl furtd
(6.4881 'lo contTrbutc the reci ofEhc
Ilvlw
Chrtsl Church Fu01 Fln8n¢ial sl818ments forthe year end8J 31 D9rnber 2024 25 Notes to the financial statements 13 R•c4Nllltlo# ol n•t •xp•rNlllurn to n•t cath flow from op•rntlno •cUvltl•• Totst Totsl Net im¢om¢ll¢xp¢tydinutl for the yeir {AB per th¢ StyT¢metyi of Finn¢i4lActi7iiieBI Adjuqtmtni• for. l)eptcoAtion Bank intetext rtctiv¢d ort snvc#¢mtTrrs (143354 866.912 51W3 (6J651 111481) 13207 (54,652) 54.176 14J751 D¢crcaJc in dcbtord (tkcfCfjSC} In Cftdilu Net cuh proYid¢d by/lu¥ed inl oper#iini affliiiic• IW.934 14.9261 I11721 14 An•ly•l• of ¢••h ••xl u•h •4ulvl•n TotAI Totl ('uh It blnk 1rt41 th hd Short i¢rni dooiiii Tothl ¢uh And ¢•h equiVcnI• 24aJ94 J41J12 584706 1.181,764 239.734 1,421,49B 18 L•a•lni ¢ommltm•nts 7 Whiifi¢W Road is rcnicd fn>m th¢ J5tot)kht>we Ilill I'rwl For an indcfLnitc furutc wsth A 3 muttrls noticc t11. £21.091 w Pect¢ ¢0 PAXI dvtiTr8 2025. 50 llmr>klwd$ lince#i rcnrcd frum the Br¢)okknuw 11.1.¢1 for th indrfiNic fuEurc per#xl wilh 1 3 month rtoiec ptrxml. £19J44 li eXPted ¢0 l RuKoc Vicw Li rcnia from th¢ lJrookhtsw¢ Illl'l'rwt fof tn¢kfmil¢ fuiuw pcNd, with i J month nutiEC PCTht¥l. £19,718 il rxptti¢d io be p dufÈn8 10 C•plt•l C•mmltm•nt• Ai Jl Decfmb¢r2024 th¢ eipial commitmoni$ (2023 £nffj. 17 Qulnqy•nnl•l In•pKtlon of pMp•rty 'lkne ffloii tttrni 9enD fLVDrt cqrricd duri 2024 Iny outstAttdinR r4iicd in tht tfpon io 18 P•n•lon c•mmllm•nt• £tribullni E() Pttytjrtil lin pl• Ch* io thc Ststcment of A¢tivili¢i ihey becomc p2rAbl¢ lintsibutioni piMI by the CA>llncl ating (hc year wcrc £54233 PO23.' £41,737).'lThcre wu nc) pcngii)n liabJity #i thr ycar cn
Christ Church Fuhwood Financial slalements for th8 year end 31 Dernter 21 26 Notes to the financial statements 19 Ov•rt p•ld CyrJni¥ p8id PLitllAti]y COn#tiLutt paymtnts for msssioa Suppo Tr4d¢ by thc mIlon rmmI1ttt. lThe5e Are mainly pwd EQ i11vIdU ot thtyr ¥uptx)rtin8 DcE belt>w the org/ni6AEions to wbich grwts or With whom the Indlwdu work.. Wodd Mimion P•rmtrn A¥¥o¢iAte• Peopk lfttrrnation41 AcornlC.foisbnki OM hftrcy Shi 37.330 13.02J 14.060 648 UK Mimion P•rtner4 4nd A••o¢lt¢• lkne 0cl 32.808 I'ncnth IntcrnitiouAI (Jal¢¢d I1<>e 2..Ig'lwh w Rwh 6.179 5tK) 6250 47,737 Miuion PArtrtrn ith Trninsn8 Short Temi Scryiet VArin 1.754 1,754 Mi•ion p•nner lypport •Ad erbcourn8crncni Other W7 Tisthl p¢rnoTe 5- Ml••ion Committ¢¢ •llocaiio 116 401 H•td$hip 8r•ntA 20 Incom• Irom gr•nt• 'lknc foll(>wn% iDcornc frvm ty'¢()WliXtd in the ycHr. IAblL'd I'lari. uf wrhIP (J¢Hni %ehiillL tviAlbJ £4291 (202J.. Llll251 in thr yw. Wllrm 5pllcci %chcmr 1ts1gUcd £IIKM) P023.' Ln) in ihe ycar. ' (he o¢h¢r8ratLt fflkin8 body fflqdc 9 8t to rhc l1uild8 for the Iluttir¢ fu of £12,5LXI12023: orte ix)dy roiAlh'o8 £12.5(Xl. 21 R•l•t•d p•rty trnTrMetlon• V(-L mcffl&'rn and kcy manymcni pcnvnn¢l1ond fAmth$l dtSnAtiYl £133.052 P023 £1472411 bcfoT¢ (Trifi C(jalnl. whith atc iAcludLxl Iht untcittictcd tutd nf Noie l. (Whcrc ll P('.f. mcmbvr h#¥ only xcr¥'cd f()r part (jf the year. doffliuon¥ 4TC in¢ludd ihr whT)IE tslthe fInici ycir.) pc.r mcmbcr6 (And fomilicil rccthvtd of L42501Z)2J.. £4.4)61 for cxpcrtth'ture CrIed ofj hrO(l¢ chufch. j11¢h J¢)thtl, A fflombLY ofthe PCQ tcccivd tent for i propcffy y¥tyl by th¢ Culatc. Rents paid tOLglled £IO,8th) P023: 'lTrc Il[(kha1V Flth-linit £57.84D P023 £53,IIK4 fnr ihc rcrti4 of50 Brtx)klands fttKcnt. 7 WhiifKld Road Ind l RoJw¢ Vi¢w. I ltsughion Wos a iru$ir¢ af tht IIttK>khuUlC 1lill.lrl durinB thc yr..11 iTV5t nni ¢unit()Iltd by Ilulw¢¥od ]r.c.'lknc nDun15 pd by the pc.r. tts bc rithcr maikri pritr or ar * diXCOunt to market pricc.'lThc kcy bLefir of this tcntsl orronAoixnt 10 ihc PCC. ii the lontcnn A%11J11Y ofr¢otd pr<>p¢ny iwtabie for churh'i mmJxtCrn' ACC()mm(xlati()n. Durin8 lh¢ y¢4t. Ihe Pf.f. held ush in a dcposii xcouni wilh Ilank IAd. Th¢ accowit held fundi of £84.884 41 311)¢¢cmbtt 2024 (2023'.£82.767).'IIc .'(' Ilw Kin8dom IJArtk u InJufAncc btuk¢rJ piyitk8 £1,8701%)25 £IA701 &(¢ctiy ¢hcm in r¢Jpcd (Jf li*¢I. l>#ui Iloyhtort. a Ifl.. member. ditr¢iort>(th¢ baAk. pa thdrS from qny 11. 1]rtAI0 the pknTh8 offund5 Kinwjom 114rt