OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

www.ccbedford.org

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

PAROCHIAL CHURCH COUNCIL OF THE

ECCLESIASTICAL PARISH OF

CHRIST CHURCH BEDFORD (“Christ Church”)

REGISTERED CHARITY NUMBER 1134785

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

CONTENTS

Report of Trustees 3
Independent Examiner's Report 13
Statement of Financial Activities 14
Balance sheet 15
Cash Flow Statement 16
Notes to the Financial Statements 17

2

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

Report of Trustees

The trustees present their report and the audited financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

COVID-19 and Beyond

COVID-19 continues to have an impact upon the life of the church and the community. This is seen in a number of people and families who continue to self-isolate and are unable to participate in person. To this end we continue to stream our Sunday 10.30am service on YouTube so they can participate. It has also helped other people with health and mobility issues. COVID-19 has not gone away and at various times throughout 2022 a number of people within the congregation have had covid and had to self-isolate.

2022 has also been a year where a cost-of-living crisis has greatly impacted the country and our community here in Bedford. We have seen numbers attending Foodbank increase, as well as people struggling to pay bills and put food on the table.

Aims and purposes

The primary responsibility of Christ Church Parochial Church Council (PCC) is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC has the responsibility of cooperating with the incumbent, Reverend David Thomas, in promoting, in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

The mission statement of our Church is ‘To enable everyone to become maturing followers of Christ, who experience and live out God’s love daily in every part of their lives’.

The Core Values of our Church are: -

Generous in faith
Real about ourselves
Accepting of all
Compassionate to our community
Encouraging all who come

The headline priorities of our Church for 2022 continued:

  1. Making new disciples

  2. Deepening our faith

  3. Transforming our community

  4. Visible social media

3

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

REPORT OF TRUSTEES

Objectives and activities

When planning our activities for the year, we have considered the Charities Commission's guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. We enable ordinary people to live out their faith as part of our parish community through:

To facilitate all this, we maintain the fabric of the Church and complex at 140 Dudley Street. The PCC also had responsibility for the upkeep of 161 Dudley Street.

The main Priorities and Objectives of our Church for 2022 were: -

Priorities and Objectives

The Mission Action Plan for 2022 remained the same (as seen below), however the key priority of 2022 was keeping the church running smoothly during the vacancy following Richard Hibbert’s departure, and working with the Diocese in the successful process of appointing the new vicar David Thomas.

1. Making new disciples

2. Deepening our faith

3. Transforming our community

4. Creating a greater and more visible social media presence

4

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD REPORT OF TRUSTEES

In order to achieve these objectives and respond to realised needs: -

Achievements and performance

The key achievement in 2022 was keeping the church running during the vacancy, and successfully appointing a new vicar in the summer of 2022. During the vacancy, all three services of worship on a Sunday continued to run throughout 2022 during the vacancy and beyond; a testament to the clergy, wardens, staff team and volunteers who played their part to enable this.

This is by no means an exhaustive list, but gives a flavour of some of the significant things which took place in 2022:

Staff Team

There have been a number of changes to the staff team over 2022.

5

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

REPORT OF TRUSTEES

Role of Volunteers

Without volunteers most activities which Christ Church puts on would cease to operate. We are extremely grateful to everyone who gives up their time and energy to serve both the church and the community.

We see this especially in areas such as our musical worship, our children’s and youth work, and our engagement with older members of the community. Without the many volunteers our Children’s Worker (Ruth Hulme) and our Trainee Youth Minister (Ellie Ryan-Johnson) would be unable to do all that they do. We are also extremely grateful for all that Rachel Bennett does, whether that be organising holidays, Go4Gold or the Sunday afternoon walks to name a few.

Christ Church continues to be one of several distribution centres for Bedford Foodbank. Many of the volunteers helping on Tuesday afternoons are from Christ Church. 2022 saw numbers attending continue to increase.

Children and Youth Ministry

2022 saw lots of activities in person for our Children’s Ministry: Sunday ministry:

Midweek ministry:

One Off Events:

We are extremely grateful for the help of volunteers, many of these events would not have taken place without them.

In August 2022 Christ Church appointed Ellie Ryan-Johnson as Trainee Youth Minister. She has been instrumental in growing the Friday Night Youth from an average of 6 to regularly seeing 15. She has renewed strong links with Three Rivers Church, our neighbour on Denmark Street. In September the young people went to a Youth Night as a part of the Hope Bedford mission at All Nations and they attended a fireworks party on November 4.

It is impossible to quantify in financial terms the contribution made by these and many other volunteers, but it is considerable, without which the PCC would not be able to fulfil its charitable objectives.

We thank all the many volunteers, who work so hard to make this church the lively and vibrant community that it is. In particular, we thank the Churchwardens, Kay Berrington and Andrew Russell who have worked so tirelessly on our behalf during 2022, especially with the added responsibilities during the vacancy.

6

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

REPORT OF TRUSTEES

Worship and prayer

Worship and prayer continue to be central to the life of Christ Church. We are extremely grateful to Carolyn Barnes, Laura and Matt Jewell, and the many other people who have been involved whether playing and singing, projecting words onto screens, operating the sound desk and live streaming our services.

Some highlights in the year include the Service of Remembrance and Thanksgiving on Sunday 30 October and the midweek Service of Worship and Prayer Thursday 17 November. Two services with very different feels, and yet many people came away feeling that something significant had happened and were speaking about it for a long time afterwards.

Typical attendance at 9am has been 12-18 people, at 10.30am 150-180 people, and at 7pm 35-50 people. We continue to livestream our 10.30am service but as the community gets used to being able to worship together in person, we have seen less people joining us online. However, this continues to be a valuable part of the worshipping life of the community for those who are unable to attend for a variety of reasons, including ill health, home and work commitments.

At present, there are 293 names on the Church Electoral Roll, 68 of whom are resident within the parish. 17 names were added during the year and 11 were removed either through death, or because they moved away from the parish or to another church.

As well as our regular services, we enable our community to celebrate and thank God at life’s milestones: 6 baptisms, 1 thanksgiving for the gift of a child, 1 wedding, and a total of 6 funerals and services of thanksgiving.

Deanery Synod

We had 4 Deanery Synod elected representatives and 3 Diocesan Synod representatives, offering an important link between our parish and the wider Church of England. At each Deanery Synod meeting, there is a primary focus of discussion, and the opportunity to hear of the work of the wider church: General Synod, Diocesan Synod, Diocesan Board of Finance and Deanery Standing Committee. There were 4 Deanery Synod meetings in 2022.

March – Focus on Safeguarding and the responsibilities of the PCC and the church. Updates on the team ministry at Elstow, and a presentation of changes at the Church of the Transfiguration.

May - Sam Cappleman, Area Dean, spoke on Bedford Deanery, its demographics, churches and challenges. David White, Diocesan Secretary, spoke on his role and the central support available at the Diocese of St Albans. Current issues for the diocese include how to achieve the Church of England’s target of Net Zero Carbon by 2030 and how to help churches grow younger.

June - Kate Peacock, Diocesan Deputy Director of Ministry and Mission, spoke about Reaching New People. Marcus Ottaviani, Curate at St Mary’s Goldington, spoke about the Dwell Well Project.

October - the majority of this meeting was taken up with reports from the recent General Synod and a discussion regarding Net Carbon Zero and things for consideration.

7

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

REPORT OF TRUSTEES

Pastoral care

Pastoral care continues to an important area for the life of the church. At the centre of this is the Home Groups, we are particularly grateful to Pauline Barber (a volunteer) for all she does in overseeing this area of ministry. Each week at the Staff Team meeting, pastoral concerns are discussed and church members not seen for a while are attempted to be contacted by someone, often the curate, vicar or church warden(s).

Activities such as Ladies Elevenses and Men’s Breakfast continue to key areas of pastoral care and time. A number of lay people as well as the curate and vicar take home communion to people who need it, whether on a continual basis (such as Dame Alice Court) or one offs due to illness and the like.

Our parish magazine is published bi-monthly and continues to create a pastoral, spiritual and informative link amongst church members, hall users and our local community.

Mission and evangelism

Helping others is a demonstration of our faith, whether practical, emotional or spiritual.

The Mission Impact Group channels support and news between our Mission Partners, scattered across Africa, the Middle East and Europe, and encourages prayer for them. One Mission Partner returned to the UK, ceasing to be a mission partner, and a new mission partner was approved to replace them.

Alpha Courses, run by Outreach Impact Group, occurred physically and on-line:

Alpha is an 11-week course that enables participants to consider the basics of the Christian faith and the work of Jesus Christ. Only 2 Alpha courses were run in 2022 due to the vacancy. The Jan-March one was planned pre-vacancy, and the Sept-Dec was planned once the new vicar was installed.

Ecumenical relationships

We continue to be blessed by our ecumenical links to other local churches across Bedford and benefit from HOPE Bedfordshire. We actively supported the town-centre open-air Good Friday Witness, attended by over 1000 people. And a number of our congregation attended the Hope Bedford mission in September.

Financial review

Total receipts on unrestricted funds were £342,974, with £194,614 from standing orders and £46,489 was from Gift Aid. Restricted donations totalled £11,398. Further details are shown in the annual financial statements.

£317,098 was spent from unrestricted funds to provide the Christian ministry from Christ Church, including the contribution to the diocesan parish share of £140,094 which largely provides the stipends and housing for the clergy.

Net movement in funds was an increase of £28,293 during the year, and the total reserves increased to £211,375.

The principal source of donations are the church members. The PCC takes its environmental, social and ethical duties seriously and consideration of these undergird the ministry decisions of the church.

8

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

REPORT OF TRUSTEES

Reserves policy

It is PCC policy to try to maintain sufficient funds, being between 3 and 6 months of expenditure to ensure the smooth financial running of the church, and ensure that unexpected expenditure can be met as and when required. Total funds held at the year end amounted to £211,375.

The balance on the general reserves at the year end was £171,105 which is considered adequate since it represents approximately 5 months of expenditure, and is therefore within the PCC policy. Total unrestricted funds (including the general fund) amounted to £205,426 with £34,321 representing amounts raised in respect of a previous house purchase.

The purpose of any restricted fund is noted in the financial statements. Restricted funds are in respect of specific projects and or schemes.

Financial risks

Total restricted funds amounted to £13,202. The cash reserves of the church, excluding restricted funds, totalled £153,671 as at 31 December 2022. The budget for 2023 was approved by the PCC showing a deficit of £18,000. Most of the income generated by the church is from regular standing orders. The level of standing orders has remained consistent during the year and this, together with careful management of resources, has not had a significant impact on the financial risks of the church. The PCC therefore considers it has sufficient resources to sustain its purposes and activities during 2023.

Plans for future periods

Over the last quarter of 2022 and moving into 2023 the vicar and Standing Committee, on behalf of the PCC, have been working on a new Vision Statement and values for Christ Church. Following this, the Mission Action Plan of the church will be updated in Summer 2023.

In November 2022 Christ Church formally sent an expression of interest to the Diocese of St Albans for a stipendiary curate beginning summer 2024.

In March 2023 a Church Weekend Away is taking place, and in July a church holiday is planned. (At time of writing, the majority, if not all, of the costs have been covered for this)

Risk management

The PCC is aware of its risk management duties and in 2022 the Fire Evacuation Policy, Safeguarding Policy, and Health and Safety Policy were reviewed and signed off by the PCC.

All PCC trustees, youth and children's paid and voluntary leaders, and volunteers in contact with vulnerable adults are DBS (Disclosure and Barring Service) checked.

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline measure 2016. We continue to take seriously the need to look after children and vulnerable adults. The PCC have adopted all the House of Bishops’ Safeguarding Policies and Practice Guidance, as well as “Promoting a Safer Church” (child protection and vulnerable adults policy) and the Domestic Abuse statement.

We have a Parish Safeguarding Officer/Lead Recruiter and an Assistant Recruiter. Those who work with vulnerable groups in the Parish are recruited in accordance with the Practice Guidance Safer Recruitment July 2021. DBS checks are renewed every five years and all those who have been safely recruited and all members of the PCC, have undertaken the appropriate safeguarding training within the last 3 years.

9

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

REPORT OF TRUSTEES

We continue to ensure that there is adequate insurance cover for all activities involving children or adults undertaken in the name of the Parish. There have been 2 issues of safeguarding concern reported during 2022. These matters were dealt with according to the relevant safeguarding policies and guidance by the Parish Safeguarding Officer, the Vicar and the Diocesan Safeguarding Team.

From a financial perspective, the PCC has delegated a level of responsibility to the Resource Impact Group along with the Treasurer to look after the accounting and budgets. The Treasurer regularly reports back to the PCC how things look compared to budget.

Structure, governance and management

Christ Church is a corporate body established by the Church of England, and it is part of the deanery of Bedford and the Diocese of St Albans.

The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity.

The method of appointment of PCC members is set out in the Church Representation Rules (CRR). At Christ Church the membership of the PCC consists of the licensed clergy, churchwardens, one of the Readers, members of Diocesan and Deanery Synods and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services / members of the congregation are encouraged to register on the Electoral Roll, and so if they fulfil the criteria(as per CRR) they can stand for election to the PCC.

New PCC members/trustees were offered a copy of The PCC Member’s Essential Guide , and a copy of the PCC Notes of Guidance.

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent.

The PCC met 8 times during 2022 with an average attendance of 67%.

Given its wide responsibilities the PCC has a number of impact groups, each one dealing with a particular aspect of parish life. These groups, which include communications, mission, buildings, outreach, resourcing, fellowship, and young people, are all responsible to the PCC and report back to it regularly with reports of their meetings, decisions and recommendations being received by the PCC and discussed as necessary.

Standing Committee: This committee is required by law. It has power to transact the business of the PCC between its meetings, subject to any directions given by the Council.

Buildings Impact Group: This group is responsible for the management and development of Christ Church PCC’s buildings and infrastructure.

Communications Impact Group: This group is responsible for oversight of both external and internal communications, including our physical and online presence.

Fellowship Impact Group: This group is responsible for the planning, resourcing and delivery of events focused on the development of fellowship within Christ Church.

Mission Impact Group: This group is responsible for caring, praying and practically supporting our Mission Partners and Organisations and encouraging vocations and support to mission at home and overseas.

Outreach Impact Group: This group is responsible for the planning, resourcing, coordination and delivery of all pre-evangelistic, evangelistic and early discipleship support at Christ Church.

10

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

REPORT OF TRUSTEES

Resourcing Impact Group: This group is responsible for the financing of Christ Church and the prudent management of its financial resources.

Worship Impact Group: This group is responsible for the planning, resourcing, coordination and delivery of all corporate worship at Christ Church.

Young People’s Impact Group: The Young People’s Impact Group is responsible for supporting the Youth Minister and the Children’s Minister in developing and implementing a strategy for young people’s and family work at Christ Church, which directly contributes to the achievement of Christ Church’s mission.

Administrative information

Christ Church is situated at 140 Dudley Street, Bedford. It is part of the Diocese of St Albans within the Church of England. The correspondence address is 140 Dudley Street Bedford MK40 3SX. Registered charity number 1134785 under the name the Parochial Church Council of the Ecclesiastical Parish of Christ Church Bedford. It is also known as Christ Church Bedford, PCC or Christ Church.

PCC members who have served at any time from 1 January 2022 until the date this report was approved are:

Ex-Officio Members:

Ex-Officio Members:
Incumbent The Revd Canon Richard Hibbert Chairman (until 30 January 2022)
The Revd David Thomas Chairman (from 20 July 2022)
Curate The Revd John Bell (until 16 October 2022)
Wardens Mrs Kay Berrington
Dr Andrew Russell
Reader Mr Michael Bishop
Diocesan Synod Mr Daniel Gicharu
Mrs Min-Min Peaker (until 2 July 2022
Mr Christopher Stevens Treasurer
Deanery Synod Ms Rachel Bennett
Miss Helen Ryan (from 30 March 2022)
Mr Paul Templeman
Mr Anderson (AJ) Wade
Elected Members:
Mr Kenneth Barber (until 30 March 2022)
Mr Simon Berrington
Mr Christopher Brown Lay Chair of the PCC
Mr Tony Daniels (from 30 March 2022)
Dr Jonathan Day (until 30 March 2022)
Ms Rachel Day
Mr Martin Hamilton (from 30 March 2022)
Mrs Margaret Haywood (until 30 March 2022)
Ms Amy Hutchinson
Ms Susan Marshall (from 30 March 2022)
Miss Wendy Pegg (until 30 March 2022)

11

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD REPORT OF TRUSTEES

Mrs Kathryn Priddin (from 30 March 2022) Mr Thomas Rees (from 30 March 2022) Miss Helen Ryan (until 30 March 2022) Miss Eleanor Ryan-Johnson (from 30 March 2022) Ms Christine Somervell (from 30 March 2022) Mrs Cynthia (Sue) Templeman Miss Jessica Walker (until 30 March 2022)

Co-opted members

Andrew Turpie (until 30 March 2022) (PCC Secretary ) Mrs Pauline Grimley (not a PCC member)

Bank:

CAF Bank Ltd 25 Kings Hill Avenue, Kings Hill West Malling Kent ME19 4JQ

Independent Examiner: Suzanne Goodson BSc FCA Wright Connections Limited Registered Auditors Bedford I-Lab Priory Business Park Stannard Way Bedford MK44 3RZ

During the vacancy, Chris Brown was Chair of the PCC for 5 meetings. Day-to-day management of the charity is delegated to the incumbent, during the vacancy the Wardens fulfilled this role:

Incumbent (from 20 July 2022): The Revd David Thomas Christ Church Vicarage 115 Denmark Street Bedford MK40 3TJ

Approved in principle by the PCC on 30 March 2023 and finally approved by the Standing Committee on 18 April 2023 and signed on their behalf:

Revd David Thomas (PCC Chair)

12

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

Independent examiner’s report to the trustees of Parochial Church Council of The Ecclesiastical Parish of Christ Church Bedford

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2022 which are set out on pages 14 to 27.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Suzanne Goodson BSc FCA Institute of Chartered Accountants England & Wales

Wright Connections Limited Bedford I-Lab Stannard Way Bedford MK44 3RZ

Date: .............................................

13

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure account)

FOR THE YEAR ENDED 31 December 2022

Note
INCOME FROM
Donations and Legacies
4
Charitable activities
5
Other trading activities
Investments
6
TOTAL INCOMING RESOURCES
EXPENDITURE ON
Charitable activities
7
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
Transfers between funds
NET MOVEMENT IN FUNDS
Reconciliation of funds
Total funds brought forward
18
TOTAL FUNDS CARRIED FORWARD at
31 December 2022
18		 Unrestricted Restricted
Funds
Funds
£
£
268,576
9,532
68,625
1,866
5,560
0
212
0		 Total Funds
Total Funds
31-Dec-22
31-Dec-21
£
£
278,108
263,078
70,491
46,820
5,560
4,668
212
49
354,371
314,615
326,078
313,118
326,078
313,118
28,293
1,497
0
0
28,293
1,497
183,082
181,585
211,375
183,082
342,974
11,398
317,098
8,981
317,098
8,981
25,876
2,417
9,670
(9,670)
35,546
(7,253)
169,880
13,202
205,426
5,949

All income and expenditure is derived from continuing activities

14

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

BALANCE SHEET AT 31 December 2022

Note
FIXED ASSETS
Tangible fixed assets
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
CURRENT LIABILITIES
Creditors due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR
16
NET ASSETS
FUNDS
18
Unrestricted funds
Restricted funds
TOTAL CHARITY FUNDS		 £
£
104,716
17,363
216,872
234,234
-71,896
162,339
267,054
-55,679
211,375
205,426
5,949
211,375
31-Dec-22		 £
£
93,890
12,487
194,164
206,652
-61,781
144,871
238,761
-55,679
183,082
169,880
13,202
183,082
31-Dec-21		 £
£
93,890
12,487
194,164
206,652
-61,781
144,871
238,761
-55,679
183,082
169,880
13,202
183,082
31-Dec-21
238,761
-55,679
183,082
169,880
13,202
183,082

Approved in principle by the PCC on 30 March 2023 and finally approved by the Standing Committee on 18 April 2023 and signed on its behalf by:

Revd David Thomas Chairman Mr Christopher Stevens Hon. Treasurer

The notes on pages 17 to 27 form part of these accounts

Charity registration number 1134785

15

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 December 2022

Note
Cash flow from operating activities
Cash generated from activities
3
Cash flow from investing activities
Payments to acquire tangible fixed assets
Interest received
Net cash flow from investing activities
Cash flow from financing activities
Interest paid
Net cash flow from financing activities
Net increase/decrease in cash and cash equivalents
Cash and cash equivalents at 1.1.22
Cash and cash equivalents at 31.12.22
Cash and cash equivalents consists of
Cash at bank and in hand
Cash and cash equivalents at the end of the
reporting period not available for charitable purposes
as held as agent		 31-Dec-22
45,053
(17,630)
212
(17,418)
(4,928)
(4,928)
22,707
194,165
216,872
216,872
189		 31-Dec-21
10,836
0
49
49
(4,320)
(4,320)
6,565
187,600
194,165
194,165
707

16

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2022

  1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a) General information

Christ Church, a registered charity in the United Kingdom is a corporate body established by the Church of England, and it is part of the deanery of Bedford and the Diocese of St Albans. Its trustees are all members of the Parochial Church Council and they operate under the Parochial Church Council Powers Measure. The PCC is a Registered Charity. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity administrative information on page 11 of these financial statements. The nature of the charity’s operations and principal activities are shown on pages 3 to 10 of these financial statements.

b) Basis of preparing the financial statements

The charity constitutes a public benefit entity as defined by FRS 102. The accounts (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) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years prescribed.

c) Income recognition

Voluntary income and capital sources

All incoming resources , including government grants are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Collections are recognised when made. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. Pledged amounts are only recognised on receipt of the funds.

Income tax recoverable on gift aid scheme donations is recognised in the period the income is received. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of the entitlement and the likely amount due.

Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the gift to the charity. For example, the amount the charity would be willing to pay in the open market for such facilities and services. A corresponding amount is recognised in expenditure.

17

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2022

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). Further detail is given in the Trustee’ Annual Report.

Where practicable, gifts in kind donated for distribution to the beneficiaries of the charity are included in stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair value at receipt or if the costs to undertake such a valuation outweigh any benefits, then the fair value is recognised as a component of donations when it is distributed, and an equivalent amount recognised as charitable expenditure.

Legacies

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. At this point income is recognised. On occasion legacies will be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed.

Other trading activities

Other trading activities represent feed in tariffs from solar panels and are recognised on entitlement.

Other ordinary income

Rental income from the letting of church premises is accounted for when earned. Fees due to the PCC for weddings, funerals, etc. are accounted for on an event by event basis.

d) Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably.

Costs directly related to the work of the church

The Diocesan parish share is accounted for when payable and any amount unpaid at 31st December is included as a creditor in the Balance Sheet. Grants and donations are accounted for at the earlier of payment or formal approval by the PCC. Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure.

e) Tangible fixed assets

Consecrated land and buildings and moveable church property

Consecrated and beneficial property is excluded from the financial statements by s. 10(2) of the Charities Act 2011.

No value is placed on moveable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers these to be inalienable property.

All expenditure on consecrated and beneficial property and moveable church furnishings, whether maintenance or improvement, is written off in the year incurred. This includes all expenditure incurred to date in respect of the Hall Redevelopment Project, including the build costs, since the build is occurring on consecrated ground, and as such cannot be capitalised.

Other land and buildings

Other land and buildings held on behalf of the PCC for its own purposes are valued at cost. No depreciation is charged on such properties since it is considered that the estimated residual value of the properties is in excess of the purchase price. Any expenditure on maintenance or improvement is written off in the year incurred.

18

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st December 2020

Other fixtures, fittings and office equipment

Equipment purchased within the accounting period is capitalised on the balance sheet. Individual items of equipment with a purchase price of £1,000 or less are written off in the year in which the asset is acquired.

Depreciation

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset in a systematic basis over its expected useful life. Depreciation rates used are as follows: -

Furniture and solar panels – 10% per annum (estimated useful life 10 years), Equipment – 33.33% (estimated useful life 3 years)

f) Taxation

The charity is exempt from tax on its charitable activities.

g) Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

The purpose of any restricted fund is noted in the financial statements. Restricted funds include amounts raised for the Hall Redevelopment Project (HRP).

The financial statements include transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of church groups that owe an affiliation to another body nor those that are informal gatherings of church members.

h) Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities in the period to which they relate.

i) Bank and Cash

Bank and Cash include short-term deposits which include cash held on deposit at CAF Bank.

j) Loans

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

k) Debtors and creditors receivable/payable within 1 year

Amounts owing to the PCC at 31st December in respect of fees, rents or other income are included as debtors at transactional values less any provision for amounts that may prove to be uncollectible. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

l) Judgements

No judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies.

19

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2022

2 YEAR ENDED 31 December 2021 Comparatives

Note
INCOME FROM
Donations and Legacies
Charitable activities
Other trading activities
Investments
TOTAL INCOMING RESOURCES
EXPENDITURE ON
Charitable activities
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
Transfers between funds
NET MOVEMENT IN FUNDS
Reconciliation of funds
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD at
31 December 2021		 Unrestricted Restricted
Funds
Funds
£
£
252,064
11,015
46,335
485
4,668
0
49
0		 Total Funds
31-Dec-21
£
263,079
46,820
4,668
49
303,115
11,500		 314,615
300,346
12,772		 313,118
300,346
12,772		 313,118
2,769
(1,272)
0
0
2,769
(1,272)
167,111
14,474		 1,497
0
1,497
181,585
169,880
13,202		 183,082

All income and expenditure is derived from continuing activities

20

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2022

3 Reconcilation of net expenditure for year to net cash flow from operating activities

Net expenditure for year
Interest receivable
Interest payable
Depreciation of tangible fixed assets
Decrease (increase) in debtors
Increase (decrease) in creditors
Net cash flow from operating activities
4 Income from Donations and Legacies
Gifts
Legacies
Other Donations
5 Income from charitable activities
Rental income
Grants
Events and activities
Fees
`
6 Income from investments
Deposit interest
7 Charitable Activities Costs
Direct costs
£
Church Activities
291,362
See note 21 for further details
8 Support/ Governance costs
Independent examiners remuneration
9 Net income for the period is stated after charging
Depreciation of tangible fixed assets		 Direct costs
£
291,362		 31-Dec-22
£
28,293
(212)
4,928
6,804
(4,875)
10,115
45,053
31-Dec-22
£
241,225
13,617
23,267
278,108
31-Dec-22
£
39,366
250
29,275
1,600
70,491
31-Dec-22
£
212
Donations
£
34,716
31-Dec-22
£
1,620
31-Dec-22
£
6,804		 31-Dec-21
£
1,497
(49)
4,320
5,520
1,617
(2,070)
10,836
31-Dec-21
£
235,688
0
27,390
263,078
31-Dec-21
£
26,861
550
17,295
2,114
46,820
31-Dec-21
£
49
Total
£
326,078
31-Dec-21
£
1,620
31-Dec-21
£
5,520

21

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2022

10 Trustees and key management personnel remuneration and expenses

Three trustees (W Pegg, E Ryan-Johnson, AJ Wade) received £5,426 for church work during the year (2021 - One - W Pegg £1,093)

In 2022 and 2021 the incumbent and the curate were remunerated by way of a stipend by a related party, being the Diocese of St Albans who are responsible for setting the level of remumeration. As is standard practice in the Church of England the clergy were provided with housing by the Diocese (incumbent) and PCC (curate).

Four trustees, including incumbent and curate, were reimbursed £1,343 during the year (2021, Two trustees - £4,010). This was for travel, hospitality, books and expenditure on behalf of the church.

11 Staff Costs

Wages and salaries
Social security costs
Defined contribution pension costs		 31-Dec-22
31-Dec-21
£
£
64,117
60,847
0
0
2,670
3,673
66,787
64,520

The average monthly number of employees during the year was as follows:

Youth Minister and Children's Minister
Other		 2022
2021
2
2
6
6
8
8

No employees received remuneration in excess of £60,000

12 Fixed Assets

Fixed Assets
Freehold Property Equipment Total
COST £ £ £
At 1 January 2022 90,000 90,379 180,379
Additions 0 17,630 17,630
Disposals 0 0 0
At 31 December 2022 90,000 108,009 198,009
DEPRECIATION
At 1 January 2022 0 86,489 86,489
Charge for the year 0 6,804 6,804
Disposals 0 0 0
At 31 December 2022 0 93,293 93,293
NET BOOK VALUE
At 31 December 2022 90,000 14,716 104,716
At 31 December 2021 90,000 3,890 93,890

Note:

The property held at 31 December 2022 consists of 161 Dudley Street, Bedford, which is subject to an equity sharing loan from the Church Commissioners (see loan note for further details).

13 Debtors: amounts falling due within 1 year
Other debtors		 31-Dec-22
31-Dec-21
£
£
17,363
12,487
17,363
12,487

22

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2022

14 Monies raised for others

During the year the following monies were collected for external organisations

31-Dec-22
31-Dec-21
Menara (Christmas appeal 2021)
Leaving gift Vicar and Curate
Christmas Appeal 2022
Bedford foodbank (Christmas appeal 2020)
Bishops Harvest appeal
Ordinand training
BHHCT
Other		 £
£
73
675
4,420
0
135
0
0
393
0
398
66
205
385
930
219
156
5,298
2,756

A total of £189 was held as at 31 December 2022 (£707 31 December 2021)

15 Creditors: amounts falling due within one year

31-Dec-22
£
HRG creditors
57,252
Other creditors
14,644
71,896		 31-Dec-21
£
57,252
4,529
61,781

16 Creditors: amounts falling due after more than one year

31-Dec-22
£
Other creditors
55,679
55,679		 31-Dec-21
£
55,679
55,679

The PCC has a loan of £55,679 from the Church Commissioners which was taken out to assist with the purchase of 161 Dudley Street (the Curate's House) This is an interest only value linked loan representing 62% of the original value of the property. It is repayable on sale of the property together with a 62% share in any increase in value since acquisition.

23

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2022

17 Related parties

The Diocese of St Albans is a related party by way of the constitution Details of receipts from related parties are found in note 20 Details of payments to related parties are found in notes 21 and 22

18 Fund reconciliation - 2022

Unrestricted funds

Unrestricted funds
Balance at Balance at
01-Jan-22 Income Expenditure Transfers 31-Dec-22
£ £ £ £ £
General fund 131,189 342,974 (317,098) (5,960) 151,105
Designated funds 4,370 15,630 20,000
Unrestricted house reserve - 161 Dudley Stree 34,321 34,321
169,880 342,974 (317,098) 9,670 205,426

Designated funds as at 31 December 2021 for live streaming totalling £3,401, with £969 transferred to back to the general fund as not needed. A new amount was set up to enable repairs to the church to be completed.

Restricted funds

Restricted funds
Balance at Balance at
01-Jan-22 Income Expenditure Transfers 31-Dec-22
£ £ £ £ £
Vicars discretionary fund and restricted missio 1,973 9,532 (7,139) 4,366
Live streaming 9,670 (9,670) 0
HRP funds 273 0 0 273
Holiday at Home 1,286 1,866 (1,841) 1,310
Total restricted 13,202 11,398 (8,981) (9,670) 5,949
Unrestricted Restricted
funds funds Total
31-Dec-22 31-Dec-22 31-Dec-22
£ £ £
Fixed assets 104,716 104,716
Cash and current investments 153,671 63,201 216,872
Other current assets 17,363 17,363
Creditors: amounts due in less than one year -71,896 -57,252 -71,896
Creditors: amounts due in more than one year -55,679 -55,679
205,426 5,949 211,375

19 Post Balance Sheet events

The PCC has approved plans to sell 161 Dudley Street in 2023 but no sale has been agreed. Part of the proceeds will be used to repay the loan disclosed in note 16, but the estimated amount & timing of any repayment is uncertain.

We have applied to receive a stipendiary curate from 2024 and will therefore need to provide suitable housing and assistance in providing such housing will be sought from the congregation as required.

24

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2022

20 INCOME
Unrestricted Restricted
Funds
Funds
£
£
Income from Donations and Legacies
Standing orders & Envelope Scheme
194,614
Legacies
13,617
Basket Collections
121
Income tax reclaimed
46,489
Other donations
13,735
9,532
268,576
9,532
Note - included above are the following amounts given by trustees
Unrestricted
Total
Income from charitable activities
Rental income
39,366
Social & Youth Events
20,333
Grants
250
Morning Out receipts
2,273
Lunch Club Receipts
1,766
Holiday at Home
1,866
Fees
1,600
Sundry receipts
3,037
68,625
1,866
Income from other trading activities
Income from solar panels
5,560
5,560
0
Income from investment
Deposit interest
212
0
212
0
TOTAL INCOME
342,974
11,398		 Unrestricted Restricted
Funds
Funds
£
£
194,614
13,617
121
46,489
13,735
9,532		 Total Funds
Total Funds
31-Dec-22
31-Dec-21
£
£
194,614
188,567
13,617
0
121
0
46,489
47,121
23,267
27,390
278,108
263,078
27,347
28,100
27,347
28,100
39,366
26,861
20,333
12,839
250
550
2,273
438
1,766
655
1,866
485
1,600
2,114
3,037
2,878
70,491
46,820
5,560
4,668
5,560
4,668
212
49
268,576
9,532
212
49
354,371
314,615

25

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2022

21 Resources spent
Notes
Grants
Mission and charitable giving
Other donations
Directly relating to Church Ministry
Parish share - payment to a related party
Clergy & staff expenses
Housing costs
Services including music
Telephones
Books
Explorers, Holiday Club & Youth Work
Training
Morning Out
Lunch Club
Holiday at Home
Outreach (including social events)
Sundries
Interest payable
Church management and administration
Heat and light
Insurance
Cleaning Materials
Church and property maintenance
Equipment - not capitalised
Hall Redevelopment
Salaries and wages
Printing, postage and stationery
Other
Depreciation
Support/Governance Costs
TOTAL RESOURCES SPENT		 Unrestricted Restricted
Funds
Funds
£
£
27,577
1,027
0
6,112
27,577
7,139
140,094
1,721
332
5,320
2,301
91
3,296
978
951
507
1,841
20,603
5,831
4,928
186,952
1,841
8,065
2,427
4,163
8,097
0
272
0
66,787
2,542
1,792
6,804
100,949
0
1,620
317,098
8,981		 Total Funds
31-Dec-22
£
28,604
6,112
34,716
140,094
1,721
332
5,320
2,301
91
3,296
978
951
507
1,841
20,603
5,831
4,928
188,794
8,065
2,427
4,163
8,097
272
0
66,787
2,542
1,792
6,804
100,949
1,620
326,078		 Total Funds
31-Dec-21
£
36,250
8,498
44,747
137,648
3,624
1,462
2,974
2,456
162
3,342
25
289
583
1,282
12,295
1,174
4,320
171,636
5,250
2,266
2,653
10,888
507
0
64,638
1,644
1,747
5,520
95,114
1,620
313,118

26

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, BEDFORD

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2022

22 DETAILS OF MISSION AND CHARITABLE GIVING DETAILS OF MISSION AND CHARITABLE GIVING Total Total
General Restricted 31-Dec-22 31-Dec-21
£ £ £ £
OVERSEAS
Rob & Ruth S - Middle East 0 0 0 5,950
SIM (supporting the Deneufchâtel's) 2,900 0 2,900 3,800
Gayet (work in Belgium) 6,040 460 6,500 6,450
Barnabas Fund 500 0 500 1,000
Diocese of Gulf and Cyprus 1,058 0 1,058 1,700
Egypt EDA 0 0 0 750
Bradleys 6,000 500 6,500 750
Samuti - interfaith helpers 100 0 100 0
Friends of Johannesburg Bible College 1,050 0 1,050 1,500
Neno Macadamia Fund 500 0 500 500
Malawi Orphan Fund 1,650 0 1,650 3,000
Other specifc giving 0 0 0 317
19,798 960 20,758 21,586
HOME
Bedford Area Schools Christian Support Trust 5,500 0 5,500 5,950
King's Arms Project - Bedford 500 0 500 600
COACH including Beth Bradley 0 0 0 2,550
Bedford Street Angels 50 0 50 100
Bedford Foodbank 500 0 500 600
Care for the Family 0 0 0 120
Just Love 0 0 0 100
Friends for Life 554 0 554 100
Eden (prison bibles) 0 0 0 244
Hope Bedfordshire 100 0 100 0
Christians Against Poverty 500 0 500 0
Other specific giving 75 67 142 337
7,779 67 7,846 8,615
Total Mission 27,577 1,027 28,604 36,218
OTHER
Other donations 0 6,112 6,112 8,530
0 6,112 6,112 8,530
TOTAL MISSION GIVING 27,577 7,139 34,716 44,748

Note: Mission giving was set at 14% of General Gifts in 2022 (2021: 14%)

27