**Annual Report and Financial Statements of the Parochial Church Council** for the year ended ## **31 December 2023** _“Be thou my vision, O Lord of my heart.”_ Songs of Fellowship, Hymn 42 ## **Contents** ANNUAL REPORT ON THE YEAR 2023 ........................................................................ 1 VICAR’S REPORT ........................................................................................................... 5 STATEMENT OF TRUSTEES’ RESPONSIBILITIES ....................................................... 6 INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES ....................................... 7 STATEMENT OF FINANCIAL ACTIVITIES ..................................................................... 8 BALANCE SHEET ........................................................................................................... 9 NOTES TO THE FINANCIAL STATEMENTS ................................................................ 10 APPENDIX 1: CHRIST CHURCH PLAYGROUP .......................................................... 17 APPENDIX 2: CHRIST CHURCH FRIENDSHIP CLUB ................................................ 18 CONTACT DETAILS ..................................................................................................... 19 _**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2023**_ ## **ANNUAL REPORT ON THE YEAR 2023** ## **Aims and Purposes** Christ Church PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the church: pastoral, evangelical, social and ecumenical. It also has responsibility for the maintenance of the parish church and its ancillary buildings. ## **Objectives and Activities** Every Anglican parish church is by definition a charity. This charity exists to take the good news of Jesus Christ to the communities of Christ Church Cheltenham. The church is called to make disciples of Jesus, connecting them with God, being community together and showing compassion to others. ## **Achievements and Performance** There were 197 members on the updated Electoral Roll presented at the APCM in 2023 (2022: 202). During 2023 we had 142 Easter communicants (2022: 285) and 333 Christmas communicants (2022: 160). ## **Financial Review** The accounts for the year show that during 2023 there was a deficit of income minus expenditure, after gains and losses of £23,361 (2022: deficit of £34,458). The PCC funds consist of unrestricted funds, including general funds and designated funds, and restricted funds. Designated funds are monies set aside for a particular purpose by the PCC, a decision which they can reverse. The use of restricted funds has been prescribed by the donor and is irreversible. During the year the designated funds were: |Youth Work|To support the provision of youth and
children’s work at Christ Church.| |---|---| |Development (Des) Fund|To provide for repairs, development and
re-decoration of the church buildings.| The Fabric designated fund was not used in the year and has been closed. _**Page**_ **1** _**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2023**_ The restricted funds were: |Special Appeals|To support missions and charities.| |---|---| |Miss Milne Fund|To provide for lighting the church tower.| |Friendship Club|To provide a mid-week meal and social
activities for its members.| |Playgroup|To provide a pre-school play group facility
in the church halls.| The restricted Development Fund has not been used in the year and has been closed. ## **Reserves Policy** Unrestricted reserves are held to help manage short term adverse fluctuations in income or expenditure. The PCC has a policy of aiming to hold available cash reserves, i.e excluding those backed by tangible assets or which are designated or restricted, in the range from £25,000 to £75,000. Available cash reserves at 31 December 2023 were £38,049, which is below the midpoint of the range of the PCC policy (2022: £45,279). ## **Structure, Governance and Management** The PCC is supported by the following structure of committees, each of which reports into the PCC. ## _**Standing Committee**_ Membership: Incumbent, Lay Vice Chair, Churchwardens, Treasurer, Secretary. PCC may appoint other members to the Standing Committee as it sees fit. 40% of the members must be present for any business to be transacted. Remit: Assist the chair of the PCC in setting the agenda for PCC meetings, oversee the practical application of PCC decisions. ## _**Finance Committee**_ Membership: Incumbent, Lay Vice Chair, Churchwardens, Treasurer, Secretary. PCC may appoint other members to the Finance Committee as it sees fit. 40% of the members must be present for any business to be transacted. _**Page**_ **2** _**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2023**_ Remit: Assist the Treasurer in developing the annual budget, monitor financial performance and risks. ## _**Fabric Committee**_ Membership: One Churchwarden, 3 PCC members. Other members may be co-opted as the committee sees fit. Remit: Assist the churchwardens in ensuring the care of the goods, fabric and ornaments of the church, church grounds and other church property. Ensure compliance with all appropriate Health & Safety legislation. ## _**Worship & Ministry Committee**_ Membership: Incumbent, 3 PCC members. Other members may be coopted as the committee sees fit. Remit: Consider the provision of services of Worship at Christ Church, encourage the prayer life of the church and lead and encourage the creation and growth of small groups. ## _**Youth & Children’s Committee**_ Membership: 3 PCC members, other members may be co-opted as the committee sees fit. Remit: To work on behalf of all the youth & children of Christ Church to assist them in taking a full and active role in the life of the church, ensure that groups for children & youth are staffed by DBS checked adults, formulate additional ways to reach out to youth & children & their families in the parish. This may be done in conjunction with the Evangelism committee. ## _**Environmental Committee**_ Membership: Membership: 3 PCC members, other members may be coopted as the committee sees fit. Remit: Consider ways in which the church can reduce it’s environmental impact. Recommend initiatives to encourage Christ Church to be carbon neutral. ## **Administrative Information:** Members of the PCC are either ex-officio or elected at the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. The PCC are, and are referred to elsewhere in this report as, the trustees. _**Page**_ **3** _**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2023**_ During the year the following served as members of the PCC: **----- Start of picture text -----**
Vicar: Rev Simon Heron
Curate: Rev Eddie Carmichael
Wardens: Christopher Orwin-Henderson (resigned 2023)
Susan Jenner (appointed 2023)
Philip Whitefield
Treasurer: Philip Whitefield
Secretary: Susan West
Deanery Synod Ian Kirkwood
representatives: Hilary Martin (appointed 2023)
Diocesan Synod William Donaldson (resigned 2023)
representatives:
Reader vacant
representative:
Co-opted Members: Tim Ingold (Director of Music)
Rebecca Waite (Chair Environment Committee)
Amanda Whitefield (Safeguarding officer)
Elected Members:
Retired in 2023 Jennie Crow
Wendy Williams
Retiring in 2024 Baldwin Terera
Nanu Afua Pierre
Nicky Read
Sian Green
Retiring in 2025 Pat Hopkins
Gilly Jenkins
Brian Jenner
Martyn Young
Retiring in 2026 Richard Hayman
Martin Osborne
Susan West
**----- End of picture text -----**
## Signed on behalf of the trustees 8 February 2024 ________________________________ Rev Simon Heron _**Page**_ **4** _**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2023**_ ## **VICAR’S REPORT** I'm pleased to present Christ Church Cheltenham's annual report for the year ending December 31st, 2023. This short report highlights the dedication of our parishioners, staff, and volunteers who contributed to our mission of spreading the good news of Jesus Christ, and encouraging all who engage with Christ Church to ‘Get connected, be community, and show compassion.’ Although all our Sunday services are now in person, we continue to provide a live stream most Sundays, understanding how valuable it has become to a number of people. We have seen many new faces at Christ Church in 2023 and we are beginning to see encouraging signs of growth. Among so many other wonderful ongoing activities and events, two that have begun in 2023 are proving that when members of Christ Church take the lead in areas they are passionate about, we can see exciting signs that God is at work. The weekly ‘Friendship Cafe’ on Friday mornings has seen a constant stream of visitors for freely available coffee and refreshments, and the Youth Connect twice monthly group for school years 7-11 has seen a small but growing number of young people come for table tennis, table football, board games and refreshments, as well as ten-pin bowling and cooking round a fire. Looking ahead, we're excited about upcoming opportunities and remain committed to adapting and innovating in our mission. We express gratitude to our staff, volunteers, and parishioners for their hard work, proud to be part of this remarkable community. In Christ, Rev Simon Heron February 2024 _**Page**_ **5** _**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2023**_ ## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES** The trustees are responsible for preparing the trustees’ report and the financial statements in accordance with general applicable law and United Kingdom Accounting Standards (United Kingdom General Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgments and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2015 and the provisions of the trust deed. They are also responsible for safekeeping the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the trustees ________________________________ Rev Simon Heron 8 February 2024 _**Page**_ **6** _**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2023**_ ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES** I report to the trustees on my examination of the accounts of the Parochial Church Council of Christ Church, Cheltenham for the year ended 31 December 2023 which are set out on pages 8 to 16. ## **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 Association of Chartered Certified Accountants, 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 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. Signed: Date: Ruth Herbert FCCA February 2024 Wenn Townsend, Chartered Accountants Gosditch House, 5 Gosditch Street, Cirencester, GL7 2AG _**Page**_ **7** _**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2023**_ ## **STATEMENT OF FINANCIAL ACTIVITIES** |**Note**
**Income and endowments from:**
Collections, donations and gifts
2
Legacies
Investment income
3
Income from operating activities
4
Other voluntary incoming resources
5
**Total income**
**Expenditure on:**
Activities relating directly to the work of the church
6
Mission and other charitable giving
7
Cost of fund-raising
Church management and administration
Development of church premises
Interest
Other costs
**Total expenditure**
8
Gains and losses on investments
**Net Income before transfers**
Transfers between funds
**Net movement in funds**
9|**Unrestricted**
**Funds**
**£**
119,073
0
4,136
44,953
11,128
179,290
187,074
5,699
0
5,286
0
0
1,920
199,979
1,133
-19,556
0
-19,556|**Restricted**
**Funds**
**£**
0
0
1,592
122,113
0
123,705
129,507
0
0
107
0
0
0
129,614
2,104
-3,805
0
-3,805|**Total**
**2023**
**£**
119,073
0
5,728
167,066
11,128
302,995
316,581
5,699
0
5,393
0
0
1,920
329,593
3,237
-23,361
0
-23,361|**Total**
**2022**
**£**
110,175
26,500
1,832
158,396
2,648| |---|---|---|---|---| |||||299,551| |||||291,732
13,746
0
7,754
9,714
0
1,728| |||||324,674| |||||-9,335| |||||-34,458
0| |||||-34,458| |Fund balances brought forward at 1 January|231,414|79,608|311,022|345,480| |**Fund balances as at 31 December**|211,858|75,803|287,661|| |||||311,022| |||||| The notes on pages 10 to 16 form part of these financial statements. _**Page**_ **8** _**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2023**_ ## **BALANCE SHEET** |**Note**
**Fixed Assets**
Tangible assets
11
Investments
18
**Current Assets**
Debtors
12
Cash at bank and in hand
13
**Creditors:**Amounts falling
14
due within one year
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
**Creditors:**Amounts falling
14
due after one year
**NET ASSETS**
**FUNDS**
Restricted funds
15
Unrestricted funds
General funds
Designated funds
16|**2023**
**£**
**£**
3,593
61,950
65,543
10,318
225,702
236,020
13,902
222,118
287,661
0
287,661
75,803
41,642
170,216
287,661|| |---|---|---| |||**2022**
**£**
**£**
4,701
57,395
62,096
12,018
249,443
261,461
12,535
248,926
311,022
0
311,022
79,608
49,980
181,434
311,022| |||| ## Approved by the trustees and signed on their behalf by: ____________________ 8 February 2024 Rev Simon Heron _**Page**_ **9** _**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2023**_ ## **NOTES TO THE FINANCIAL STATEMENTS** ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared in accordance with 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 (FRS 102) - (Charities SORP (FRS 102)). The Parochial Church Council of Christ Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The charity has applied Update Bulletin 2 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A. ## **Fund accounting** Unrestricted funds comprise accumulated surpluses and deficits on general funds. They are available for use at the discretion of the executive committee in furtherance of the general charitable objectives. Restricted funds are amounts donated that have their use specified for a particular purpose by the donor. Designated funds are amounts that have been set aside at the discretion of the executive committee. ## **Income** Incoming resources represent the total income receivable during the year comprising grants, donations and gifts, rent, merchandise and publications, investment income and gifts in kind. ## **Expenditure** Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: _**Page**_ **10** _**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2023**_ - Expenditure on charitable activities includes the costs of delivering services and other activities together with their associated support costs - Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. ## **Depreciation** Depreciation is calculated to write off the cost of fixed assets over the estimated useful life of 5 years (3 years for computer equipment) at 20% (33.3% for computer equipment) per annum. ## **2. Collections, Donations and Gifts** |Collections and covenants
Donations
Other
Income tax recoverable|**Unrestricted**
**£**
108,100
78
0
10,895
119,073|**Restricted**
**£**
0
0
0
0
0|**2023**
**£**
108,100
78
0
10,895
119,073|**2022**
**£**
98,529
3,067
0
8,579
110,175| |---|---|---|---|---| ## **3. Investment Income** |Interest and dividends|**Unrestricted**
**£**
4,136|**Restricted**
**£**
1,592|**2023**
**£**
5,728|**2022**
**£**| |---|---|---|---|---| |||||1,832| |||||| ## **4. Income from Operating Activities** |Activities to further PCC objectives
Hall letting
PCC fees
Books, magazines and other sales
Playgroup
Friendship Club|**Unrestricted**
**£**
747
40,413
3,793
0
0
0
44,953|**Restricted**
**£**
0
0
0
0
115,602
6,511
122,113|**2023**
**£**
747
40,413
3,793
0
115,602
6,511
167,066|**2022**
**£**
428
33,014
4,430
256
114,302
5,966| |---|---|---|---|---| |||||158,396| |||||| _**Page**_ **11** _**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2023**_ ## **5. Other Voluntary Incoming Resources** |Fund-raising events
Other donations and grants|**Unrestricted**
**£**
0
11,128
11,128|**Restricted**
**£**
0
0
0|**2023**
**£**
0
11,128
11,128|**2022**
**£**
161
2,487| |---|---|---|---|---| |||||2,648| |||||| ## **6. Activities Relating Directly to the Work of the Church** |**Unrestricted**
**£**
Parish share
103,527
Clergy expenses, salaries and wages
41,459
Church and halls running costs
13,823
Church, churchyard and halls maintenanc
22,716
Church services
2,401
Operating activities
3,009
Support costs
139
Playgroup
0
Friendship Club
0
187,074|**Restricted**
**£**
0
0
2,515
0
0
0
0
120,347
6,645
129,507|**2023**
**£**
103,527
41,459
16,338
22,716
2,401
3,009
139
120,347
6,645
316,581|**2022**
**£**
103,527
32,737
20,082
12,182
2,735
2,476
0
111,079
6,914| |---|---|---|---| ||||291,732| ||||| ## **7. Mission Giving** **----- Start of picture text -----**
2023 2022
£ £
A C E T (Matilda Project) *** -1,500 1,500
A Rocha International 1,000
Bible Society 500
Breast Cancer Now 242
Cheltenham Street Pastors 500 500
Christian Aid 396
Christian Hope International *** -500 500
Christian Motorcyclist Association 300 200
Christians Against Poverty 500 500
Church Mission Society 500 500
Disasters Emergency Committee (DEC) 857 700
Gloucs Action for Refugees & Asylum Seekers 800 500
Maggies (Cheltenham) 500
Mission Without Borders 2,000 6,650
The Rock 300
TIC+ 500
Ukranian Refugees 500
United Christian Broadcasters 500
5,699 13,746
Comprising:
Giving from unrestricted funds 5,699 11,603
Special appeals 0 2,143
**----- End of picture text -----**
*** some agreed payments for 2022 could not be made, and were reallocated to other causes in 2023. _**Page**_ **12** _**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2023**_ ## **8. Analysis of Total Expenditure** |**Staff Costs**
**£**
Activities relating directly to work of church
142,322
Mission and other charitable giving
Cost of fund-raising
Church management and administration
Development of church premises
Interest
Other costs
142,322|**Other**

**£**
173,371
5,699
0
5,173
0
0
1,920
186,163|**Depreciation**
**£**
888
220
1,108|**Total**
**£**
316,581
5,699
0
5,393
0
0
1,920| |---|---|---|---| ||||329,593| ## **9. Net Movement in Funds** |**Unrestricted**
**£**
The net movement in funds is stated after
charging:
Depreciation
1,108
Independent examiner's remuneration:
1,920
Independent examination (estimate)
1,920
Adjustment relating to prior year|**Unrestricted**
**£**
The net movement in funds is stated after
charging:
Depreciation
1,108
Independent examiner's remuneration:
1,920
Independent examination (estimate)
1,920
Adjustment relating to prior year|**Restricted**
**£**
0
0
0|**2023**
**£**
1,108
1,920
1,920
0|**2022**
**£**
1,535
1,728| |---|---|---|---|---| ||1,920|0|1,920
0|1,680
48| |||||| |Parish share|103,527|0|103,527|103,527| |**10. Employees and Staff Costs**||||| |In aggregate the number of full and part time
persons employed during the year was:
Charitable operations - under £10,000 per person
Charitable operations - over £10,000 per person
**Unrestricted**
Staff costs were as follows:
**£**
Salaries and wages
40,550
Remuneration paid to PCC members,
close family and business connections:
Tim Ingold
8,747||**Restricted**
**£**
101,772
-|**2023**
**Number**
12
6
**2023**
**£**
142,322
8,747|**2022**
**Number**
10
6| |||||**2022**
**£**
124,723| |||||7,635| ## **10. Employees and Staff Costs** _**Page**_ **13** _**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2023**_ ## **11. Tangible Assets** |**Cost**
1st January
Additions
Disposals
31st December
**Accumulated depreciation**
1st January
Charge for the year
Disposals
31st December
**Net book value**
31st December|**2023**
**£**
41,541
0
0
41,541
36,840
1,108
0
37,948
3,593|**2022**
**£**
39,133
5,014
-2,606| |---|---|---| |||41,541| |||37,911
1,535
-2,606| |||36,840| |||| |||4,701| |||| ## **12. Debtors** |Tax recoverable from collections and covenants
Other debtors, prepayments and accrued income|**2023**
**£**
2,288
8,030
10,318|**2022**
**£**
5,039
6,979| |---|---|---| |||12,018| |||| ## **13. Cash at Bank and in Hand** |Cash at bank and building society|**2023**
**£**
225,702|**2022**
**£**
249,443| |---|---|---| |||| _**Page**_ **14** _**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2023**_ ## **14. Creditors** |Amounts falling due within one year
Accruals
Amounts falling due after one year
Accruals|**2023**
**£**
13,902
13,902
0
13,902|**2022**
**£**
12,535| |---|---|---| |||12,535
0| |||12,535| |||| ## **15. Restricted Funds** |**Balance at**
**1st January**
**2023**
**£**
Special Appeals
0
Miss Milne Fund
16,133
Friendship Club
5,850
Playgroup
57,625
79,608|**Income Expenditure**
**£**
**£**
0
0
1,525
-2,515
6,613
-6,752
117,671
-120,347
125,809
-129,614|**Transfers**
**Balance at**
**31st Dec**
**2023**
**£**
**£**
0
0
0
15,143
0
5,711
0
54,949
0
75,803| |---|---|---| Income of the Miss Milne Fund is after investment gains of £1,133. Income of the Playgroup Fund is after investment gains of £971. The Special Appeals Fund is used to record collections and other income received for a named purpose. The Miss Milne Fund comprises funds given to provide illumination of the church tower. The Friendship Club Fund represents the activities of the Christ Church Friendship Club. The Playgroup Fund represents the activities of the Christ Church playgroup. _**Page**_ **15** _**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2023**_ ## **16. Designated Funds** |**Balance at**
**1st January**
**2023**
**£**
Youth Work
973
Development (designated)
180,461
181,434|**Income Expenditure**
**£**
**£**
0
-139
0
-11,079
0
-11,218|**Transfers**
**Balance at**
**31st Dec**
**2023**
**£**
**£**
0
834
0
169,382
0
170,216| |---|---|---| The Youth Work Fund comprises funds set aside to provide activities for the youth of the parish. The Development (designated) Fund comprises funds set aside to redevelop the church building. ## **17. Insurance** The church buildings and contents are insured for £36,400,000 (2022: £35,830,000.) ## **18. Investments - Quoted** |Market value at 1st January
Additions
Disposals and maturing investments
Dividends reinvested
Gains and losses on investments
Market value at 31st December|Market value at 1st January
Additions
Disposals and maturing investments
Dividends reinvested
Gains and losses on investments
Market value at 31st December|||**2023**
**£**
57,395
0
1,317
3,237
61,950||**2022**
**£**
65,110
0
1,782
-9,497| |---|---|---|---|---|---|---| |||||||57,395| |||||||| |||||||| |**2023**
**2023**
**Holding**
**Description**
**Market Price**
**p**
**CCLA Investment Management:**
**Miss Milne Trust Fund (restricted)**
14,979.27
Church of England Fixed Interest
144.75
Securities
**Christ Church Playgroup Fund (restricted)**
12,839.37
Church of England Fixed Interest
144.75
Securities
**General Fund (unrestricted)**
14,979.27
Church of England Fixed Interest
144.75
Securities
Total Investment Value||||**2023**
**Market Value**
**£**
21,682
21,682
18,586
18,586
21,682
21,682
61,950||**2022**
**Market Value**
**£**
20,088| |||||||20,088| |||||||17,219| |||||||17,219| |||||||20,088| |||||||20,088| |||||||| |||||||57,395| |||||||| _**Page**_ **16** _**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2023**_ ## **APPENDIX 1: CHRIST CHURCH PLAYGROUP** ## **THIS APPENDIX IS FOR INFORMATION ONLY AND DOES NOT FORM PART OF THE STATUTORY ACCOUNTS** |**Income**
Nursery Funding
Fees (non Funding net)
Fundraising
Donations
Outings
Investment Income
Gains/(Losses) on investments
Other Income
**Total Income**|**2023**
£
87,484
24,143
48
0
325
1,098
971
3,602|**2022**
**Expenditure**
**2023**
£
£
91,572
Staff
102,348
18,643
Courses
543
Premises
8,400
85
Subscriptions PATA
160
0
Insurance
440
623.00
Refreshments
1,024
486
Consumables
1,155
-2,801
Equipment (permanent)
3,146
Fundraising Costs
3,379
Administration
1,002
Other activities and outings
2,129
**111,987**
**Total Expenditure**
**120,347**|**2022**
**Expenditure**
**2023**
£
£
91,572
Staff
102,348
18,643
Courses
543
Premises
8,400
85
Subscriptions PATA
160
0
Insurance
440
623.00
Refreshments
1,024
486
Consumables
1,155
-2,801
Equipment (permanent)
3,146
Fundraising Costs
3,379
Administration
1,002
Other activities and outings
2,129
**111,987**
**Total Expenditure**
**120,347**|**2022**
£
93,733
260
8,355
105
404
765
1,312
2,920
1,177
2,048| |---|---|---|---|---| ||**117,671**|||**111,079**| |||||| |||Excess/(Shortfall)
of Income over Expenditure
-2,676||908| |||||| |Fund Brought Forward
Excess/(Shortfall)
of Income over Expenditure
Net Transfers into Fund
Fund Carried Forward|**2023**
£
57,625
-2,676
0|**2022**
£
56,717
908
0||| ||**54,949**|**57,625**||| |||||| _**Page**_ **17** _**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2023**_ ## **APPENDIX 2: CHRIST CHURCH FRIENDSHIP CLUB** ## **THIS APPENDIX IS FOR INFORMATION ONLY AND DOES NOT FORM PART OF THE STATUTORY ACCOUNTS** |**Income**
Charges for lunch
Fitness class
Sales tables
Coffee
Outings (receipts)
Craft Club receipts
Investment Income
Other Income
Donations
**Total Income**|**2023**
£
4,372
218
306
0
198
375
102
817
225|**2022**
**Expenditure**
**2023**
£
£
3,834
Catering
2,817
522
Exercise class
350
251
Payments to speakers
538
36
Premises costs
1,400
34
Outings (payments)
744
Capital costs (equipment)
194
0
Donations to charity
201
Craft Club costs
284
470
Bank charges
107
819
Other Expenditure
117
**5,966**
**Total Expenditure**
**6,752**|**2022**
**Expenditure**
**2023**
£
£
3,834
Catering
2,817
522
Exercise class
350
251
Payments to speakers
538
36
Premises costs
1,400
34
Outings (payments)
744
Capital costs (equipment)
194
0
Donations to charity
201
Craft Club costs
284
470
Bank charges
107
819
Other Expenditure
117
**5,966**
**Total Expenditure**
**6,752**|**2022**
£
2,157
570
691
1,000
286
1,534
400
121
276| |---|---|---|---|---| ||**6,613**|||**7,035**| |||||| |||Excess/(Shortfall)
of Income over Expenditure
-139||-1,069| |||||| |Fund Brought Forward
Excess/(Shortfall)
of Income over Expenditure
Net Transfers into Fund
Fund Carried Forward|**2023**
£
5,850
-139
0|**2022**
£
6,919
-1,069
0||| ||**5,711**|**5,850**||| |||||| _**Page**_ **18** _**Parochial Church Council of Christ Church Cheltenham Financial Statements for year ended 31 December 2023**_ ## **CONTACT DETAILS** **Parish Office** (open 9am-2pm Mon-Fri) **:** Malvern Road, Cheltenham, GL50 2JH 01242 578163 office@christchurchcheltenham.com **Vicar** (day off Saturday): Rev Simon Heron, Christ Church Vicarage, Malvern Road, Cheltenham GL50 2NU 01242 515983 vicar@christchurchcheltenham.com ## **Churchwardens:** Mrs Susan Jenner suzi7jenni@gmail.com Mr Philip Whitefield treasurer@christchurchcheltenham.com ## **Treasurer:** Mr Philip Whitefield treasurer@christchurchcheltenham.com ## **Banks:** Lloyds Bank, Bexleyheath HSBC, Cheltenham ## **Independent Examiner:** Ruth Herbert FCCA Wenn Townsend, Chartered Accountants Gosditch House, 5 Gosditch Street, Cirencester, GL7 2AG _**Page**_ **19**