Christ Church, Warley, Brentwood Annual Report and Financial Statements Year ending 31st December 2022 Incumbent Reverend Stuart Hull BA, BTh Bankers Nat West 46, High Street, BrenOOd, CM14 4AL Independent Examiner Neville Reid ACA 19, Mills Grove, Poplar London E14 ORH Page I
Christ Church, Warley. Brentwood Trnstees Annual Report for the year ending 31" December 2022 PCC Foreword Administrativ¢ Information Christ Church is situated at Warley Hill. Warley. BrentWO(Ml. Essex, CMI 3 3AA. This also the address for correspondence. It is part of the Diocese of Chelmsford within the Church of England. Th¢ PCC is a IN)dy corporate (PCC Powers Me&swe 1956 and Church Representation Rules 26). It is charity Tegistcred with the Charity Commission (CC rcgistrdtion number 1138758}. Aims and purposes Cl]rAst Church Parochial Church Council has the resw)nsibility of cooperating with the incumbenL in promoting in the ecclesiastical parish the whole mission of the churclL pastoral, evangelistic, social and c'¢umenical. Thc PCC is also specifically reswnsible for the mainlenance of the church complex at Chrisl Church, Warley. Structur¢, governance and management The method of appoinlmcnl ol. PCC members is sct out in the Church Representsti()n Rules. Al Christ Church the membership of the PCC consists ot. the IncumbenL the Church Wardcns, mcmbers electvd by those mcmbcrs of the con8regation who ar¢ on th¢ clecloral roll of the Church, and any memberfs) co-opted for specialist skills which are needed al the time. The PCC members are SponSible lor making decisions on all mallers of gencral concern and importance to the parish including decisions on how the funds of ihc PCC are to bc spent. New membl'rs receive initial training into the workings of the PCC. The PCC meets 6 times during the year. Given its wide responsibilities the PCC has a number of committees, each dealing with a particular aspect of parish life. 'lThese commiltecs include Worship and Spirituality, Buildings, Pastoral, Children and YOU and Administration. All these groups are responsible to the PCC and rep()rt back io It regularly with minutes of their decisions bein8 received by the full PCC and discussed as necessary. PCC Membership 2022 PCC Members who have served anytime from the APCM on 22 March 2022 to the date this report is approved are shown below. Ex Offi¢io Members Incumbent and Chair of PCC: Reverend Stuart iiuu Church Wardens: Suzanne Galliers Louise Keams F.lected Members: Heather Bradshaw Brendon Horrocks Olive Law, Deanery Synod Representalive Harry Stimpson Stuart Brooks cowted to August 2022 Alison Coates to May 2022 John Kettlewell. Treasurer Sylvia Partridge, PCC Secretsry Page 2
Objeetives and Aetiviknes The PCC is committed to enabling as many people as ssIble to worship at our church and to become part of our parish community at Christ Church. The PCC maintatns an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups which live within our parish. Our services and worship put faith into praclice through prnyer and scripture. music and sacrament. When planning our activiti¢s for the year we have considered the Clwity Commission's guidance on public benefit and in particular the supplementary guidance on charities for thc advancement of religion. We try to enable ordinary people to live out their faith &$ part of OUT parish community by l. Worship. bible study and prayer. lening about the gospel and d¢veloptng their knowledge and trust in Jesus as Lord and Saviour 2. Provision of pastoral care to people living in the parish 3. Mi55ionary and outreach work. To facilitate this work it is IMrtant that we maintsin the fabric of Christ Church. This report focuses on tinance and governance matters. A separate report on the many activities of the Church shows how the PCC achieved th¢ above obj¢clives in 2022. The years 2020 and 2021 were dilyieult due to the impact of Covid and the resuliing closur¢ of the church building a1 centre. 7lwthfully in 2022 the Church has been able to relurn to a more norn]aJ pattern of activity. Financial review G¢nerYdl Fund 'I'h¢ main iiccount of Christ Church is the GeneraI Fund. described a5 unrestricted funds in the financial statements. meaning its funds are available to be spenl on PCC general purposes. In 2022 income was £101,858 {¢ompared with £85,652 in 2021), and expenditure was £97,369 compared with (£88,740 in 2021), meaning there w&s a surplus of £4.489 for the year. This compared with a defi¢it of £3,088 in 2021. The surplus for 2022, together with £4,042 r¢ferred to later. has been taken lo the reserve of £8.154 brought torwaTd into 2022 and so &5 at 31" Dec¢mber 2022 there was a rrve of £16,685 carried forward. Th¢ level of res¢rv¢s is discusKd later. Income from giving was £75,668 inclusive of tsx recovered on gift aid, compared with £68.229 in 2021, thanks to God working through th¢ generosity of church memEtrs. Part of this giving fided specific items. namely pew bibles (£833), the Payaz card reader (£490) and the portable electronic piano (£982). Th¢ orresponding expenditure is shown in Upkeep of Services. Income from the Christ Church Centre has r0Vered almost towards pre pandemic levels at £8.31 I compared with £3.975 in 2021. There was also £1,890 from car parking compared with £45 in 2021 &8 the Waller Boyce Centre has made use of spaces. Fee income from weddings and funerals was £1,640 compared with £828 in 2021. Dividend income was maintained. £1 0,787 was received on the General Ftmd compared with £1 0.422 in 2021. £4,042 w&s transferred from the Aged and Inf Fund to sUprt General Fund activitie8 heeau%e mgny of these are provid¢d in accordance with the aims and objectives of the fonner Fund. In 2021 the figure was £3,996. For the first time since 2019 the church incurred a full year's energy costs. Expenditure on g&s was £3,128 compared with £1,330 in 2021, and expenditure on electricity £1855 compared with £801 in 2021. However, there have been firther large incre&ses in prices which are dIsc$s later. Because ther¢ are now musicians for the morning artd evening services we no longer incur the costs of organists. That was £3,030 in 2019. Expenditure on maintenance was £2.365 in th¢ General Fund compared with £1.947 in 2021. Expenditure on admullstratson was £77J m 2022 corned with £666 in 2021. Printing 2nd stationery costs were £1,091 Page 3
which mainly related to leasing costs of the printer1p1toCopler compared with £940 in 2021. Expenditure on upkeep of services was £2,980 compared with £440 in 2021 due to the acquisilion of the three items ferred to above. What we cannot put a price on is the value of the work of our volunteers, as highlighted in the Activities Report. which is produced separdi¢ly from this rert. Without their input the Church would not be able to carry out the many activities it undertakes. Our thanks go to all our voluntecrs. On the expenditure side the Di(Kese infonned Christ Church that its tlon of thc Parish Share was £77,743. However our fInan¢ial position h&8 detcriorating over the l&st few years and we could no longer pay what w&s requested. The PCC paid the Di(Kese £68,832 in 2022. This was an increase on the £65,469 paid in 2021. When that was added to the amount paid by St Mary's it meant that as a Benefice both Christ Church and St Mary's had covered the cost of ministry. i.e. whal it costs for one stipendiary minister to be cmployed plus all the overhead costs of th¢ Dioc¢s¢. Th¢ methodology for ]cUlating the Parish Share has changed for 2023 and more accurately Teflecls the cost of ministy. As a result in 2023 Christ ChutLh will be able to pay its portion of the Parish Share in full. This is £66.020. The budget for 2022 was prepared on the basis of a deficit on the year of £l1.247 which would be covered by the baIance of£8,154 brought forward into 2022 and a transfer of £3,500 from th¢ Aged and Infm Fund. However, income cxceeded expectations through giving. centre hires and car parking. In addition expenditure was below budget due to reduced energy Lonsumption, a saving due to the cleaner who resigned in April not king replaced, and a contribution from St Mary's to the cost of the Parish Athninistrdlor. There was a surplus on the year and an increase tn the working balance carried forward into 2023 of £16.685. As things stand this balance will be partly utilised in supporting the 2023 budget which is in deficit by £l1.109. The big uncertainty is energy costs. Gas has risen from 3.4p per kwh in 2021 to 7.7p per kwh in 2022 and now 21.3p. Wc are locked into the gas contract until 6, Nov 2023. To ensure the church is warnier healing hours have been extended. The electricity tariff is variable but costs hav¢ risen from Oct 2021, ak 38.58p per kwh to 130.2p per kwh and off peak from 12.75p to 54.95p. The Government energy support scheme is not particularly geneTOUS and only runs until the end of March 2023. The budget for gas in 2023 is £6.918 and for electricity is £5,654. It remains to be seen if these are adequale. Howcver, since the 2023 budgel w&$ approved, the PCC has received from the Diocese an energy costs support grant of £1,520. This is wel¢omc. In 2022 individual church members donated £250 to BSCWT and £733 to Iris Global Ministries through Christ Church accounts. £89 raised at the Christingle service in December 2021 was paid to the charity SNAP. The turn)oil in the aftern)ath of Russia's inv&sion of Ukraine led to falls in global stock markets. Our investh]ents were not in]mune and capital values fell. However. dividend income rose sli8htly which for is more imwrtaDL R¢serve8 Policy The General Fund Reserve at 31 Dec¢mber 2022 was £16,685. The importance of reserve5 is that they provide the cash necessary to smooth out fluctuations in cash flow and meet emerg¢ncies. Each month we pay the following large bills by direct debit: parish share (£5,501), salaries {£5(M)}. gas, electricity and utilities (£1,050 average but htgher in winter). At the end of 2022 the cash balances on the General Fund were £35,970 COMpad with £28,469 at the end of 2021. The reason for the cash baIances being higher than the General Fund Rc5erve is that there is £21,196 still in l)and from the loan for the Parish Hall which is only due for repayment to the Diocese in the long temi. Therefore, for 2023 sulTicient cash resources are available to meet timing differ¢nces between incom¢ and exp*nditure and any emergency items. This position will need lo be kept under review. Page 4
Other funds During the y¢ar the PCC decided to close down 2 fimds. the Christ Church Centr¢ Project as it had served its purpose. and the Fabric Fund as it was felt that its work was duplicated by the Building Tn Fun(L Th¢ balances on both funds were transferred to the Building Tnl Fund. However 2 new funds were opened. the Pop up Cafe and Toddlers Group. Early in 2022 the PCC was su¢ces5ful in bidding for a grant of £3,000 from Brentwood Council to establish a cafe that would serve the conllnunity and also be an opportunity to introduce the community to the church. At the same tim¢ the Toddlcrs Group bank account was merged with the Christ Church bank account. However a separnte fimd was set up. The PCC considered it important that ineome and expenditure (m both these activities was kept separnte from the General Fund The closing balances and main transactions on fund5 Other than the Generdl Fund were as follows: EndowRnent FundL These 8Te donations to the Church to be invested and tbc income used for genernl or speciliL purposes such as repairs or the choFI. The investh]ents were valued at £33.194 as at 31" December 2022. The comparable figure at the end of 2021 was £37.165. Dividend income of £1,100 w&s credited to the General Fund (£1,054 in 2021) and applied in accordance with the terms of the trusts. Christ Church Centre. This was set up to finance major building work to the Centre. As stated above the fund was closed in 2022 and the balance of £201 traTtsferred to the Building Tt Fund. Aged and Infirm. In 1975 Mr Surridge bequeathed a sum of money to be invested for the benefit of the aged and infirn]. Investments produced dividend income of £5.042 compared with £4,496 in 2021. £1,000 was used to pay for taxis compared with £5 in 2021. This meant that the transfer to the General Fund was £4,024 compared with £3,996 l&st year. The investments which provide dÉvÉd¢nd income were vaIued at £89,273 as al 31" December 2022. The 31" December 2021 valuation w&s £94,539. There is a revenue balance on the Fund of £3,030 as at 31° December 2022. Building Trust Fund. This trust was set up in 1996 to provide for work to the interior and exterior of th¢ Church and any work Èn the grounds. The balances on the Christ Church Centre Fund (£201) and fabric Fund (£578) w¢r¢ transferred to this fund in 2022. EndIture wag £1.453 on a new projector and bulb. The year*nd baIance was £9.096. Fabri¢ Fund. As stated above this fund was closed do during the year and the balanc¢ of £578 transferred to the Building Tnlst Fund. Thorndales. Th¢ net proceeds due lo the PCC relating to the sale of the fornier curate" s house were invested in income shares of the Church Board of Finance Church of England Investtnent Fund on 30 April 2019. The value of the investment on 31° December 2022 w&s £325.698 compared with £369.154 a yeaT earlier. The investment is held by the Dioces¢ a5 Custodian Trustee. The PCC as Monaging Trustee receives the dividend income. Full year diiidend income in 2022 was £9,687 compared with incorne in 2021 of £9,368. Parish H211. "rh¢ hall was sold many yeats ago. The Diocese are custodian trustees and hold the cash. It rcpresents the amount of loan repayments of £683.75 each year by lh¢ Church to the Diocese in respect of the loan granted by the Diocese in 1990 for the internal reordering of the ChurclL This is an interest fre¢ loan. Ai the end of the year the loan outstanding was £21.196 (£21.880 in 2021) and cash held by the Diocese as custodian trustee was £19,816 (£19.132 in 2020). Pop up Cafe. A grant of £3.000 enabled the estsblishment of this fund. After incutTing start up costs of £1,080, cafe sales covered the cost of provisions. Ther¢ was a balanc¢ on the fund of £2,180 on 31 D¢cember 2022. T(dIerS Group. A balance of £427.20 was transferred to Christ Church. A small fee ts charged to users. TheT¢ was a balance of £1.183 on the timd at the cnd of the year. Memorial Fund. This fund has be¢n dorniant since 1993 and will be closed doMD in 2023. Approved by the PCC on 15th Mah 2023 Reverend Stuart Hull BA, BTh Chair of th¢ PCC Page 5
Independent examiner's report to the Tntets of Cbrist Chur¢b, Great Warley, Paroehial Church Council I report to the trustees on my examination of the accounts of the above charity ('kne Trust") for the year ended 31 December 2022. Responsibilities and basis of report As the charity's trustees, you are responsible for the prepalon of the accounts in accordance with the requirem¢nts of the Charities Act 2011 {'Mb¢ Act"). I report in respect of my examination of the Trust's accounts carried out undeT $tion 145 of the 2011 Act and in carrying out my examinatiory I have followed all the applicable Directions given by the Charity Commission under section 145(5Xb) of the Act. IndependeDt ex4miner8 st*tenJeDt I have Lompleted my examination. I confirni that no material matt¢rs have come to my attention in onnection with the examination which give me cause io believe that irn any material respect: the accountin¥ records were not k¢pt in accordance with section 130 of the Charities Act. or the accounts did noi accord with the accounting rOrdS. or the accounts did not comply with the applicable r4uirements concerning the forni and conlent of accounts set out in the Charities (Accounts and ReEK)rts) Regulations 2008 other than any requirement that the accounls giv¢ a 'truc and fair. view, which is not a matter consldered as part of an independent examination. I have no concerns and have come acmss no other matters in connection with the ¢xamination to which attention should be drawn in this report in order to enable a proper understanding of thc account5 lo be reached. Nevllle Reid, ACA 19 Mills Grove Poplar London E14 ORH 15 March 2023 Page 6
ZZ
Christ Church, Warfoy, Br•ntwood Balance sheet for tha year ending 31° December 2022 Total funds Prior ear Dd5 Note Fixed assets Investments 448,165 448.165 500,858 500,858 Current assets Debtors Cash at bank and in hand 4.931 73,322 78253 4.381 63,052 67,433 Liabilities Creditors: Amounts falling due wiihin one y¢ar Net current assets 3.195 2.816 75,058 64,617 Tot414ssets le88 curreDt liabilities 523323 565,47.5 Credito. Amounts falling due after one year l O(b) 21.196 21.880 To¢al tset 8¢ts less Il*bilitieJ 543.595 Fund8 of the Charity 12 Unre8trlcted Genernl fund 16.685 8,154 Designated Fabric Fund Sale of Thorndales Memorial lryund 578 369.154 1.188 325,698 1,188 Reytri¢ted A8ed and Infirn) Fund Building Trust Fund Christ Churuh Centr¢ Pop up Café Todd1 Group Sal¢ of old h1 92,303 9.096 97,569 9,770 201 2.180 1,183 20.5(K 14 19.816 Ettdowment Endowmcni 33,194 37,165 Funds of the Charity 502,027 Approved by the PCC on 15th March 2023 Reverend Stuart Hull BA, BTh Chair of the PCC Page 8
Christ Church, Warley. Brentwood Note3 to th• Financial Statements for the year ending 31st December 2022 NOTE I. ACCOUNTING POLICIES The PCC is a public benefit entity Within the m¢aning of FRS102. Th¢ financial stat¢ments have been prepared under the Chatities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the indiTridual accounts of PCCS, and with the Regulations Yrue and fair view" provisiotL8. They are also prepared under FRS102 &8 the applicable aUnting standard and the 2019 vusion of the Stat¢mcnt of Recommended Practice, Accounting and Reporting by Charities {SORP(FRS102)). {*) Ineome Planned givin¥. colleclion& and similar donations are recognized when received. Tax reclaimed in Tespect of Gifi Aid is recOgnid when the incoming resources to which they relale are received. Grants and legacies t¢ accounted for when the PCC is cntitled to the use of the resources. their ultimate receipt is considered reasonably certain and the amounts due are reliably quaniifiable. Dividends are accounted for when declared receivable. inteT¢sI as and when received. All incoming resources are accounted gross with the exceptton of fees for weddings and funerals. The totsl income for thcs¢ items includes amounts due to the DioLese and expenses to helpers. These are netted off the amount leaving in the accounts only income properly due to the PCC. (b) Expendilure Grants and donation5 are accounied for when paid over or the PCC commits to paying from resources for the financial year in question. The Diocesan Parish Shar¢ is paid over when du¢ provided resources are available. Ail other expenditure is generally rewgnized and is accounted for gro&s. (e) Voluntee Without our volunlttrs the Church could not function. However, it is not possible to pul a value on the work they do. (d) Ass¢ls Conseeraled And benefiee property In so tar as consccrated (d benefice prom of any kind is excludcd from the statutory deflnilion of charity by Section 10(2)(a) and (c) of the Charities Act 2011 such assets are not pitalized in the finanrial stat¢m¢nts. Moveable ehureb furnishings MovLable church firnishings held by the Vicar and Church Wardens on Speci trust for the PCC and whiLh require a faculty for disposal arc accounted &8 inalienable prop¢rty listed in the churLh's inv¢nlory (which can be inspected at any reasonable time). For anything prior to 21MX) there is insutricient cost infornTration available and therefore such a55Cts are not valued in th¢ fjnancial stai¢ments. Since then no individual item has cost more than £1,500 (see below). Tangible red assets for use by the eharity. Th¢5¢ ar¢ p1klL¢d if thcy can be used foT more than one year and cost more than £1.500. and ar¢ then depreciated over their useful economic life. However since 2000 no individual item has cost more than £1,500 and so all expenditur¢ becn written off when incurred. Investments These are valued at market value at the year end. Short term deposits These ar¢ Cither cash h¢ld on deposit with the bank or CCLA. Page 9
Christ Church, Warley, Brentwood Notes to the Financial Statsments for the year ending 318t December 2022 (e) Funds Unre5trict¢d Funds. These are income funds which are to b¢ Snt on the PCC'S general purposes. For Christ Church there is one unr¢stricied fund, the General Trund. Designated FuDds. These are general funds set &side by the PCC for use in the future. Designated funds remain unrestricted. and the PCC may move any sury)lus to other general fiwds. Designa*d funds are th¢ Memorial fund and the inv¢slment of the sale proc of Thorndajes. In th¢ case of the latter the Diocese holds the funds &q Custodian Trustee. Restrlet¢d Funds. These comprise (a) income from trusts and endowments which is to be expend¢d only on the restricted purposes intended by the donor and {b) T¢venue donations and grants for a SlfIC PCC activity intended by the donor. Any balance unspent at the end of the year is carried forward as a balance on that fund. The major restricted funds for Chrisl ChuTcb are the Aged and Infjrni. the Building TrusL the Pop up Café and the I"oddlers Group. The Sale of the Old Hall is held by the Diocese. Endowment FuDd& These are funds. the wital of which musl be retained either pernian¢ntly or at the PCC'S dis¢retion. The income derived from an endowmcnt is to be used eith¢r as restricted or unrestricted fimds depending ort the purwse for which the fund was established in the f$( place. For Christ ChuTC endowments are thc investments which are not part of th¢ Agcd and Infinn Fund The dividend income is cr¢dtted to the General Fund as the PCC consider it is spent within the General Fund in accordance with the purposes for which the funds were set up. Page JO
tr4 go¢epJ ¢> r in Oxfi ujc ¢¢£O%S%rJJ£ or)ooS&&QU UL4V Q?rJ
y ro nyn nop-JUUVOQa¥ rr4 X 3 y o rr2 0
t¥znno 4nnno>cnnonn. 4fj f#f14
10 4rnnnc)>cnnonr)£wzwTo QtrJC*-
Christ Church. Wartey. Brenlwood Notes to the Financial Ststements for the year ending 31st December 2022 NOTE 4. GOVERNMENT GRANTS 21Y22 2021 Brentwood Council startup grant for Cafe 3,0(M) NOTE 5. ANALYSIS OF EXPENDTfuRE 2022 2021 Independenl examiner's remunerdtion 450 450 No trustee claimed any expenses in connection with thcir rolc a trustee in either 2022 or 2021. NOTE 6. STAFF COSTS 2022 2021 Salaries and wages Pension costs Total 7,515 300 9,880 During the year the PCC employed and paid a Parish Athninistrator and a cleaner (Ix)th part time). No payment was large enough to attract social seeurity costs. Both employee5 exercised thcir right in 2017 to opt into a workplacc pension (see below). The cleaner rcsigned in April 2022. Her work is now covcred by volunte¢rs. The Parish Administrdlor resigned in November 2022 to take a fijll time job elsewh¢re and ai the end of the year had still to be replaced. Fiona T0Send, who w&8 the Parish Administrator. is the wife of Mark Townsend, a PCC Member. No other expenses were clairned by ¢mployees. The PCC has enrolled those employees who wish to be members of a wotkplace pension schcme into NEST. Contributions commenced in November 2017. This is a deflned contribution scheme and so no liability will fall on the Trustees. Both employer and employee pay 40/0 into this scheme. NOTE 7. ANALYSIS OF TRANSFER BETWEEN FUNDS Unrestric*d Designated Restricted I ransf¢r from Aged and Infinn to General Transfer from Fabric Fund to Building Trust Fund Transfer from Christ Church Centre Transter to Building Trust Fund 4,042 (4,042) 578 (201) 201 (578) In view of the 8ge profile of th¢ congtrgation th¢ PCC agrd to transfcr the annual surplus on the Aged and Infimi Fund to the General Fund as a large part of the Church's general activiti¢5 relate to the elderly and infirm. In 2022 th¢ PCC agreed to close the Fabric and Christ Church Centre Funds and transfer the balances to the Building Trust Fund. Paxe 15
Christ Church, Warfey. Brentwood Notes to the Financial Statements for the year ending 31" Decembor 2022 NOTE 8. FIXED ASSETS 2022 2021 Investments Market valu¢ 1st Jartuary Gainsl(loss¢s) Market value 3 1st D¢mir 500,858 439.482 The market value at the end of the year represents investments for: Endowment Funds 33.194 Sale of Thorndales 325.698 Restricted Truods 37,165 369.154 IYOTE 9. CURRENT ASSETS Debtors Unrestricted Funds: Tax recover&bl¢ Prepayments Oth¢r Total 2022 2021 2,831 1,278 2.753 1,556 381 NOTE 10. LIABILITIFS (a) Creditr)rs falling due within l year 2022 2021 Unrestricted Funds: Salaries and pensions Charilable donations Other Restricted: Other 870 490 1,456 400 2,620 175 195 (b) Creditors falling due after l year Loan from Diocese re Parish Hall 21,196 21,880 In 1990 the proceeds from the sale of the parlsh Hall were paid over to thc Diocese. These were immediately loaned back to the Parish to fund th¢ intcrnai twrdering of the Church. The loan is interest free and is being, pald back with aDnual instalments of £683.75 with fal repayment due in 2053. Page 16
vJ4*nrz> )ts
rx30 WC4No- ) 4&
Christ Church, Warley, Brentwood Notes to the Financial Statements for the year ending 31st December 2022 NOTE 13. RELATED PARTIES 2022 2021 Giving by Trustees 20,820 20,926 This is the giving by niembers of the PCC for the work of the Church excluding gift aid. NOTE 14. FUNDS HELD BY DIOCESE The Chelmsford Diocesart Board of Finance holds legal title as Custodian Trustee of the fimds below. The management of the trust funds is the Tesponsibility of the PCC as Managing Tru8tces. 2022 2021 Parish hall104D repaid 20,500 19,816 The funds have been placed in a dedicatcd depK)Sit account managed by the CCLA. Clerical assistan¢¢ for the vlear 2,541 2,880 The lunds have been invested in the CCLA Church Board of Finance Church of England Investment Fund Income Shares. This fund is included within the figures in note 12 for Endowment Funds. Svdle of Thornd41es 325,698 369.154 The funds have been invested in the CCLA Church Board of Finance Church of England Investment Fund Income Shares. Income is accounted for in Christ ChUh'S accounts &$ follows: 2022 2021 Cleriegl asslstanc¢ for the viear 76 Dividend income is rrcdited to the General Fun(L 73 Sale of Tborndales Dividend income is credited to the General Fun 9,687 9,368 Page 21