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,
Bren￿OOd,
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 2￿6). 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. le￿ning 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 IM￿rtant 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 a￿1 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 r￿rve 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 fi￿ded 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
r￿0Vered 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 sUp￿rt 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 corn￿ed with £666 in 2021. Printing 2nd stationery costs were £1,091
Page 3

which mainly related to leasing costs of the printer1p1￿toCopler 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 re￿rt. 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 t￿lon 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 COMpa￿d 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 Tn￿l 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 T￿￿t 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. E￿ndIture 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 Ma￿h 2023
Reverend Stuart Hull BA, BTh
Chair of th¢ PCC
Page 5

Independent examiner's report to the Tn￿tets 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 prepa￿lon 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 r￿OrdS. 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 h￿1
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 a￿Unting 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 recOgni￿d 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 r￿ed assets for use by the eharity.
Th¢5¢ ar¢ ￿p1k￿lL¢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¢ S￿nt 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 S￿lfIC 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

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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 T0￿Send, 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 agr￿d 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￿¢mi￿r
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 f￿al repayment due in 2053.
Page 16

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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 ChU￿h'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