Trustees Report - Dec 2023
The church con�nued to pursue its charitable objec�ves, namely sharing our Protestant faith as it has been historically understood according to the doctrinal standards of our deeds.
"Loving Jesus, loving you - reaching Exeter and beyond" is our mo�o and we con�nued to put it into prac�ce.
We remained focused on right rela�onships and good teaching. Teaching in 2023 focused on The 3:16s in the Bible and The Biblical feasts and their fulfilment in Christ.
We are s�ll small but our numbers have grown. Average a�endance throughout the year was 19.
regular street outreach con�nuing in Exeter, Exmouth and Plymouth.
Life con�nues to be hard for many in the church, especially the trustees.
Administra�vely, we have struggled. Though there has been progress, there is s�ll work to do.
There has been much answer to prayer. We con�nue to tes�fy to God's unfailing love and faithfulness.
We con�nue to commit ourselves unto God in Christ and know that He is faithful and He calls us to be the same. We rejoice in Him always.
On behalf of the trustees
Revd Steven Hanna - Chair of Trustees
30/03/2026
Christchurch Exetsr
1138246
SOFA for the yEar end8d 31 December 2023 Finantyal Report.. Inc(ne & Exp•kJ fvnds funds Total 2023 Totsl 2022 Incom• rings (Onlina Donaion8} Grosv8nor Rentlchurch Hall) Man&• RèntlMnho8 Rd ranti Donab'ons ILooJe Pl8ts c18(0n) Bank Inl&rst 7.146 14.000 10,5(KI 7.146 t4,OCrfJ 10,500 7,234 21.000 11,375 3.499 20 204 204 38.8 38,850 43,128 staff Honornria l)Jtrea Insuranc Churth m8intsnan(• He4ting & knght Water Evanls Denornlfialonal f• Inlomat MIMIonaryyln Oh¢r M8n8e 32A74 32A74 8.686 4S 2m9 2,089 3.553 1,865 1.081 76 205 1,364 306 25 25 331 331 370 58 Tot41 r••ow¢M •xprM 1S,861 N•t mov•m•rt 782 782 27.267 Fund Balances Brought Forn¥J on 18tJanuory2023 Fund Bal8nce8 8• 0131st08eemr2O23 57,128 57.910 13.612 73.440 74 73. Cash ath•nd Lloyd• alw8s18u$in Re88Ng N8tWoitCumint Tot1 3A05 49JOS 21207 305 74222 3.231 48,901 21.003 305 73,440 The av8llable records h8ve be•n th•cod and b• rAJ Acc¥)unts h8ve b¢on propared oft a cash b
chr1stchuh Exeter &4LANCE SHEET for the year ended 310ecember 2023 Unrnstrfct•d funds Rostrfctod Incom• Dd¥ D•slgnat•d funds Total 2023 Total 2022 Curront as¥ets Debtor5 Investrnents Cash at bank and in hand 60.610 80,610 74222 74222 70.740 70,740 13.612 Cfedlb)r8'. 1allSn9 t1ue wllhln on• y•af Ngtcurn•nt8ss&Wl•bllll¢$J 8oMIo 13M12 74222 70,740 Tot•l•ss•ts h•s Curr•nthts• 74 70.740 Crodittsr¥'. tslling due after one y8aT Provlslons for Ilablllljes rotsirnt•s••ts or1 Funds ofthe Charity DesSgnat•d Funds Restricl•d Incom? frjnds Unr8sffict8d bJnd8 Rgvalualon rg8orve 60,610 13.e12 13M12 13,612 60,610 60.610 70.740 Tol•lhx 13,812 74.222 70,740 Slgned by one ortsvotN8t8•1 on boh•lf of all the trusie88 Dato of Bpproval ddlrnrYy 01 Slgnaluig PrM)tN8ma CC178 (Excell 1710312026
Christchurch Exotor
1138246
SOFA for the year ended 31 Dmber 2023 n8nti81 Report. kn¢om• & ExF•ndStw• fiJnds fijnds Total 2023 Totsl 2022 ome Offtsrtng$ (lIn• DonsUons1 Gros¥8nor Rent (Chur£ Hall) Manse Rent (Pinhoe Rd rvntl Donatton8 (Low Plate ¢olle(onl 88nk Intsr8St 7.146 14.0($ 10X 7.146 14 10.5C 7.234 21.000 11,375 3.499 20 204 T<al IornIa rg¥ow¢ 43.128 Stsff Honor4n• rfresch knsuranc• Churc malntenanc• Hoaong & Llght War Ev•nts Denomlnalonal foe• 32.474 32A74 8,666 45 160 2.089 160 2.089 3.553 1,885 1.081 76 206 25 331 331 370 MIs8lon8ry gIng Other Man80 208 T11 r•Bo•1 •xp•tbJ•d Not ft)ov•m•nt 782 782 27287 Fund Balan¢x$ Broughl FofW8rd on 1stJarnMry 2023 Fund B8l•nc8 as 013?st Dtrcernr 2023 57.128 13.612 13,61 73.440 48,173 A4 Ca•h at h•nd Lloyd6 N8tW•st BUne$S R•8•N• NalWe8tCurr•nt Totsl 3231 48,901 21.003 305 73.440 49.305 21207 305 74,222 Thfj avallable rewrd8 h8V8 theck8d ond tA¢nd > b? Accounts h&vo b8en prepred on 8 ¢o•h b88
Chrlstchurch Exetsr BALANCE SHEET for the year &nded 31 Decembgr 2023 Unrnstrfct•d funds Roslrfcted Incom• fund¥ D•slgnated funds Total 2023 Total 2022 Curronl as$ots Debtors Investrn•nts C?5h at bank 8nd In hand T4*al¢wr•rt•u•ts 60.610 60.610 13.612 13,812 74222 74.222 70.740 70,740 Crtsdltorn.. hlllng du• wlthlrt one fftr Nglwnvnt•$soWl•blllle8J 80,610 13,612 74222 70.740 Tot4l•ss•ts l••• curr•fttl•lWI•• 74 22 Credlbrn.. folllng du• aft•ron• y•ar Provlslonsfor Ilablllttès 60.610 13.812 74.222 70,740 Fund8 oftha Charfty DosSgnat•d Funds Re8trf¢t8d nme fvDd8 Unrgstricted frjnds Rev81ualon re80 13.812 13,612 80.810 60.610 70.740 Tot•lfw 80.610 13.612 74.222 70.740 Slgnèd by onè or0 tru8ts•$ on behallof all tha trust906 Dat8 01 approval ddlmfi &"gnatyre Prfnt Narne 01 CC17a ltrell 1710312026
Independent Examiner's Report to the Trustees of Christ Church Exeter I report on the accounts of Christ Church Exeter for the financial year ended 31 December 2023, which comprise the Statement of Financial Activities, the Balance Sheet, and related notes. Respectlve Responsibilities of Trustees and Examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 and the charity's goveming document. They are responsible for ensuring that the accounts provide a true and fair view of the charity's firkqncial position and comply with relevant legislation. It is my responsibility to: 1. Examine the accounts under section 145 of Ihe Charities Act 2011". 2. Follow the procedur8s laid down in the General Directions given by the Charity Commission under section 145(5Kb) of the Act; and 3. State whether any matters have come to my attention. Basls of Indapendent Examlnerfs Report My examination was carried out in accordance with the General Directions issued by the Charity Commission. An examination includes a review of the accounting records kept by the charity arKI a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accoLtnts and seeking explanations from the trustees conceming such matters. Th8 procedures undertaken do not provide all the evidence that w)uld be requir8d in an audit and, consequently, I do not express an audit opinion on the accounts. Independent Examlner's Stat6ment In the course of my examination, rK) matter has come to my attention which gives me reasonable cause lo believe that, in any material respect: 1. Accounting records were not kept in accordanGe with section 130 of the Charities Act 2011; 2. The accounts do not accord with the accounting records., 3. The accounts fail to comply with the accounting requirements of the Charities Act 2011. Financial Observations However. I draw attention to the following financial observations: 1. The charity reported an income of £38,850 and an expenditure of £38,068, resulting in a modest surplus of £782 for the financial year. This indicales that the charity broadly operated within its means, maintaining a stable financial position.
- A significant proportion of the charity's income is derived from property rental. including £14,000 from the letting of church premises and £10,500 from the church manse. While this provides a valuable and relatively stable income stream. the trustees should remain mindful of potential risks associated wth reliance on rental income and consider diversification where appropriate.
- The primary area of expenditure relates to the cost of the ministerfs employment. The trustees should continue to ensure that this cost remains sustainable in relation to income levels and that appropriate financial planning is in place to support ongoing ministry.
- Given the relatively small surplus, the trustees may wish to review their reserves policy to ensure that SLJffici8nt funds are retained to manage unforeseen costs and maintain financial resilience. Subject to the above observations, I have no concems regarding the preparation or presentation of the accounts. Concluslon I n my opinion, the accounts have been properfy ppared in accordance Klth the Charities Act 2011 and provide a true and fair view of the charity's financial position for the year ended 31 December 2023. Signed: Name: Tim Davies AAT Membership no: 20319318 Date: 30th March 2026
Christchurch Exeter NOTES TO THE ACCOUNTS (Note 1) for the period ended 31st December 2023 1 Prlncipal accounting policies The Charty has claimed the exemptions available in Section la of FRS102 not to pr8par8 a cash fiow since it is a srnall tharity. a) Basls of Preparatlon and Assessrnnt of Going Concom The Financial Statements have b88n prepared in accordance with the second edition of the Charities Ststement of Recomm8ndèd Practice Issu8d in October 2019, the Financial reportin9 Standard appllcable in the United Kingdom and Republic of Ireland {FRS 102) and the CharitFes kt 2011. Vlfjth 51ems recognised at cost or transaction value un188S Otherwise stated in the relevant notes. b) Publlc Beneflt Entity Christchurch Exeter as a charty meets the definition of a public b8nefit entty under FRS102. Assets and liabilities are initialty recognised at historical cost unless otherwise staled in the relevant accounting are initially recognlsed at historical cost unl8SS Otherwise stated in the relevant accounllng policy notes. c) Golng Concern The Trustees consider that there are no material unc8rtalnties about the Charity's ability to continu8 as agoing concern. d) Income Recognltlon Pollcles Items of income are recognised and induded in the a¢Unts when all of the following criterla are met: The charity has entitlement to the funds; Any performance conditions attached to the Items of income have been met or are fijlly within the control of the charlty: There is suffcient certainty that receipt of the income is considered probable.. and The amount can be measured r81iabty. Income recelved in advance of a specific performance or provision of other specrfied service is deferred until the criteria for income recognition are met.
Christchurch Exeter NOTES TO THE ACCOUNTS ( Note 1 continue) for the period ended 31st December 2023 e) Fund Accounting Funds held by the Charty are: Unrestrlcted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the Trustees. Designated funds - these are funds set aside by the Trustees out of unrestricted general funds for specific future purposes or projects. Restricted funds- these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. fj Resources expended and basis of allocation of costs Expenditure is included when incurred and includes irrecoverable VAT. Expenditure on operational programmes is recognised in the period in which it is incurred. A designated fund is established for expenditure which has been committed to projects, but remains unspent at the year end. g) Cash at Bank and In Hand Cash at bank and cash in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of 8CqUlSition or opening of the deposit or similar account. h) Creditors and Provls5ons Credrtors and Provisions are identified when the Charity has a present responsibility arising from a previous obligation that will result in the transfer of funds to a third party and the amount necessary to satisfy the obligation can be reliably measured or approximated. Provisions and Creditors are recognised al the settlement amount. l) Costs of managing and adminlsterfng the charlty These represent costs attributable to the management of the charity's assets, organisational administration and compliance with constitutional and statutory requirements.
Christchurch Exeter NOTESTOTHE ACCOUNTS (Notss 2-3) for the perlod ended 31st December 2023 2 Anatyw$ of net assets bet*¢en fund$ G8n8ral Designated Restricted Funds Funds Fund Total Cash at bank and in hand Other nel current assetsl{liabilties) 60.610 13.612 74,222 Total 60.610 74.222 3 Anatysl8 of tharftable fijnds Balance In¢oming Resources Net Funds 0110112023 resources expended Movement 3111212023 alysls of movements in funds General fund 73.440 38.850 38.068 782 74,222 Total 73.440 38.850 38.068 782