Christ Church, Warley, Brentwood
Annual Report and Financial Statements
Year ending 31st December 2023
Incumbent
Vacant
Bankers
Nat West
46, High Street,
Brentwood.
CM144AL
Independent Examiner
Neville Reid ACA
19, Mills Grove,
Poplar
London
E14 ORH
Page J

Christ Church, Warley, Brentwood
Trustees Annual Report
for the year ending 31st December 2023
PCC Foreword
Adminlstrative Information
Christ Church is Sltuated at Warley Hill, Warley. Brentwood, F.ssex, CMI 3 3AA. This also the addresb for
correspondence. It is part of the Diocese of Chelmsford within the Church of England. The PCC is a body
corporate (PCC Powers Measure 1956 and Chwch R¢presenlation Rules 2006) and a charity regÉstered wtth
the Charity Commission (CC registration nwnber 1138758).
Aims and purposes
Christ Church Parochial Church Council has the responsibility of c4)oWing with the incumbent in
promoting in the eeclesiastical parÉsh the whole mission of the church. pastoral, evangeltstic. social and
ecumenical. The PCC is aIso specifically reS￿nSIble for the maintenance of the church complex at Christ
Church, Warley.
Structure? governance and management
The method of appoinlment of PCC rnembers is set out in the Church Represeniation Rules. At Clwist Church
the membership of the PCC consists of the IncumbenL the Church Wardens, members elected by those
members of the congregation who arc on the clectorat roll ofthe Church. and any member(s) CO¥OPted for
specialist skills which ar¢ needed at the time.
The PCC members are r¢spon5ible for making decisions on all matters of general concern and imWTtance to
the parish inLluding decisions on bow the tunds of the PCC are to be spent. New mcmbas receive initial
tratning into the workings of the PCC.
The PCC meets 6 times during the year. Given its wid¢ reswnsibilities work is delegated to the Leadership
Team and groups responsible for buildings 2nd ministry. There is also a Safeguarding Officer and a
Treasur¢r. All these groups are responsible to the PCC and rewrt back to it regularly.
PCC Membership 2023
PCC Members who have served anytime from the APCM on 23rd April 2023 to the dats this report is
approved are shown below.
Ex Officio Members
lllcumbent and Chair of PCC.. Revcrend Stuart Hull to 30 April 2023
Church Wardens: Olive Law, also Chair of PCC from I" May 2023
Sylvia Partridge, also PCC Secretary
Elected Memkrs:
Hedther Bradshaw
Brendon Hotrocks
Hany Stimpson
Richard Watts
Elaine La Rasle
Amy Horrocks
David Fisher
John Kettlewell. "freasurer
Mark Towttsend
Liz Edwin
Tim Wood
Page 2

Objeetive5 and Aetivities
The PCC is committed to enabling as many people as possible to worship at ow church and to become part of
our parish community at Christ Church. Thc PCC maintains an overview of worship throughout the parish
and makes sug&yestions on how our ￿rVIceS can involve the many groups which live within our parish. Our
s¢rvices and worship put faith into prdctice ihrough prayer 2nd gcripture. musie and sacrament.
When planning our activilies for the year we havc con.sidered the Charity Commission's guidance on public
bcnefii and in particular ihe supplcmcntary guidancc on Ch(￿111¢5 for the advancement of ffligion. We try to
enablc ordinary peoplc lo lfftv¢ out their faith as part of our parish community by
l. Worship. bible study and prayer. learning aboul the gospel and developing their knowledge and trust
in Jesus as E,ord and Saviour
2. Provision ol, pastoral carc to people living in the parish
3. Missionary and outreach work.
To facilitate this work it Is importsni that we maintain the fabric of Christ Church. This report foLuscs on
rinanLe and giovernancc maitcrs. A separate report on the many activities of the Church shows how the PCC
achieved ihL' above objeciivcs in 2023.
Financial review
fyeneral Fund
The mdin account of Chrisi Church is the Generdl Fund, described as unreslricied funds in the financial
statemcnts, meaning ils funds are availablc lo be spcnl on PCC. g¢ncral purposes. In 2U23 income was
£113,265 (compared with £1 01.858 in 2022), and expenditure was £1 00,648 (compared with £97 369 in
2022). mcaning there was a surplus of £12,617 for the year. This compared with a SUTplus of £4,489 in 2022.
The Surplus for 2023 is part of the year end reserve of £18.896. At the starl of2023 a balance of £16.685 w&
brought fonvard. To this was add￿ the surplus foi 2023 of £12,617 and the transfer from thc Aged and Intim)
rund ot'£4.594. There was then a transfcr of £15.000 to the Building Trust Fund. meaning the year-cnd
ba1￿ce on the General Fund was £18,896.
Note 2 to the Accounts provides the detailed inforniation on income. Income from donations was £83,208
inclusive of tax recovered on gift aid, thanks lo God working through ihe gyenerosity of church mcmbers.
'I'here was a150 income a5 a Icgacy from the e.qlaic of thc late Gillian Wrighi. This Lompares with donations
of £76,576 in 2022. InLome from the Christ Church Centre was £9,185 compared wilh £8,31 l in 2022.
Therc was also £2,880 from car parking comparcd with £1,890 in 2022 a5 the Walter Boycc Centre has made
usc ot. spaces. Fee income from w¢ddings t￿d funerals was £778 compared with £1.640 in 2022. Dividend
income was maintained.. £10,907 was received on thc General Fund compared with £10.787 in 2022. £4,594
was transt¢rred Irom the Aged and Infinn Fund io support (weneral Fund activities because many of ihese are
provided in accordance with the aims and objectives of the forn)¢r Fund. In 2022 the figure was £4,042.
Othcr funds general￿ were £3,182. made up of tea and coffee money, donations from activities such as fIlm
night%, Meals and wrLath making. In 2023 therc was also th¢ leaving collection for Stuart and Su7Ann¢. 'I'his
incomc was oifset by expenses incurred in respect of these item8 and the payment of th¢ leaving collection lo
Stuart and Suzanne, included within the £1,756 of misccllaneous ex￿ndIture.
Notc 3 to the Accounts provides the detailed infom￿tIon on expendilure. Energy costs were high in 2023.
Expenditure on gas was £6,342 compared with £3.128 in 2022. and expenditure on electricitv £4.650
compared with £2,855 in 2022. However, the Church was successfijl in its application to the Diocese for a
grant of £1,520 to help cover high energy costs. B¢cau5c there aTe now mELSiCtAns for the morning and
ev¥ning services, any organist costs are minimal. Only £30 was spent. Expenditure on maintenance was
Page 3

£4,739 in the General Fund compared with £2,365 in 2022. There was expenditure of £1,638 on fire alarn)
and emergency lighting senrice and repair, and £1,758 on service and repair of the church boiler. This is now
ov¢r 30 years old and any replacement will be ex￿nsiVe. Expenditure on administration was £990 in 2023
LompaTed with £773 in 2022. Expenditure included £415 as the Christ Church share of the advertisement for
the new vicar. St Mary s contributed the other half. Printing and stationery costs were £1,158 which mainly
relaled to leastng costs of the printer/photocopier compar¢d wilh £1,091 in 2022. Expenditure on upkeep of
services was £871 compared with £2,980 in 2022. In 2022 expenditure on pew bibles, thc Payaz machine a￿d
a digilal piano had been charged here. Cleaning costs were lower in 2023 as we no longer employ a cleaner.
The work is done by volunteers.
What we cannot put a price on is the value of th¢ work of our volunteers, as highlighted in the Activiti¢s
Report. which is produced s¢pardlely from this report. Withoul Iheir input the Church would not be able to
carry out the many activities it undertakes. OUT thanL8 go to all our volunteers.
The methodology for calculaling the Parish Share changed for 2023 and more accurately reflects the cost i)f
ministry. As a rcsult in 2023 Christ Church was able to pay its portion of the Parish Share of £66.020 in t￿￿.
This was the first time in scvcral years the church was able to pay its parish thare in full. That said in
previous years. as a Benefice boih Christ Church and St Mary's had covered the cost of mini8try. i.e. whal it
cosls for one stiPLndiary minister to be employed plus all ihe overhead costs of ihc Dioccsc. 'I"he budgyet f()r
2023 was prepared on the basis of a deficit on the year of £l1.109 which would be Lovcrcd by th¢ ba1￿ce of
£16,685 brougTrht fonvard into 2023 and a transfer of £3,500 from thc Aged and Infirni Fund. However.
income excceded expeclalions through gyiving. centre hires. car parkinL>. Ihc encTgy granl and a legacy of
£ I,01)O. In addition expcndilure was slightly b¢low budget. An overspend on repairs was offset by energy
cost8 bein&y below budget and a saving on the salary of the parish adminislralor due to fewer hours bein
worked. There was a 8urplus on the yLar. In previous years any SUTplus has been used io support the
following ycars bud¥cl. Ilowever the budget for 2024. thanks lo increased giving and a fall in enLrgy costs,
h&s a deficit ot'£600 whtch can be mor¢ than covered by the transfer from the Aged aJJd Infinn Fund. The
Church has entered into a 2 year contract wilh EON energy for both gas and electricity ai lower rates than
were charged for 2023. During 2023 donaiions of£666 were madc lo 'fearfund, and £125 was donalL.d to
B%CWI" through Christ Church accounts. £350 w&5 also raised for Macmillan Cancer Relief at a coffee
morning.
In 2023 in addition to His other blessings to Christ Church, God blessed us fJnancia]ly. Th¢ PCC has deLided
that it is now in a position to make charitable donations for the first time in several years. A total of £5,000
was set &side. £2,000 has now been paid to Elrentwood Schools Christian Worker Trusl. £1,500 to 'fearfund
and £1,500 to 8awyers Ilall Church who run the Brentwood branch of Christians Against Poverty. At ihe
samc time, mindful of thc ne¢d to have resource5 for the maintenancc of thc Church, a lotal of £15,000 has
been tranbferrcd to the Building Trust l-und. This leaves a General Fund Reserve of £18,896. Part of this
reserve may need to be spent on preparing the vicarage for the new incumbent. The Diocese will pay t.or
structural and insulatton work but there may b¢ costs Christ Church will have to incur.
R¢serves Pollcy
As staled above the (ieneral Fund Reserv¢ at 31 Sl December 2023 was £18.896. The imporlance of reserves is
that they provide the cash necessary to smooth out fluctuations in cash flow and meet emergencies. F.ach
month we pay the following large bills by direci debit: parish share (£5,671), gas, electricity and utilities
(£453 average but higher in winter). Ai the end of 2023 the Cash balances on the G¢nerdl Fund were £43 532
compared with £35.970 at the end of 2022. Th¢ reason for the c&sh balances being higher than the General
Fund Rescrve is thai there is £20,512 8till in hand from the loan for the Parish Hall which is only diie fnr
repaymcnt to the Dio¥csr ill the long tenn. "I"h¢retore, tor 2024 sufficient cash resources are available to
Page 4

meet timing differences Ixtween income and eX￿AdItUre and any emergency items. This position will need
to be kcpt under review.
Other funds
The closinLI balanccs and main transactions on funds other than the Gen￿al Fund were as follows:
EndowmeDt Fund& These ar¢ donalions lo the Church io be invested and the income used for general or
speLific purposes such as repairs or the choir. The investments were valued at £35,475 as at 31° December
2023. 1.he comparable figure at the end of 2022 w&8 £33.194. Dividend income of £1.167 w&8 credited to the
(yeneral Fund (£l.I 00 in 2022) and applied in ￿OrdanCe with the tern￿ of the trusts.
Cbrisl Church Centre. This was set up lo fmance major building work to the Centre. I'he fund was closed
in 2022 and the balanc¢ of £201 trdnsferrcd to the Building Trust Fund.
A%¢d and Infirm. In l 975 Mr Surridge bequeath￿ a sum of money to be inv¢sled for the ben¢fil ofthc aged
and intirni. Investments produccd dividend incom¢ of £5,194 compared wilh £5.042 in 2022. £600 was uscd
to pay for thxis compared with £l.000 in 2022. This meant that the Iranst"er to tbe General Fund £4.594
compared with £4,042 last year. The invcslments which provide dividend incom¢ were valued at £87,176 &s
at 31, December 2023. The 31" December 2022 valuation w&8 £89.273. There is a revenue balance on th¢
Fund of£3.030 as at 31° December 2023.
Building Trust Fund. This trust was set up in 1996 to provide for work to the interior and exterior of the
ChurLh and any work in the grounds. The balances on the Chrisi Church Centre Fund (£201) and Trabric
Fund (£578) were transferred to this fund ID 2022. No cxpendilure was inCU￿¢d in 2023. However the
Memorial Fund which had last incurred expenditure in 1993 wa8 closed down and its balance of £1,188
transferred her¢. In addition backdated interesl of £915 was receivcd in respect of Parish I lall loan
repayments. There was a dclay when a bank account was clos¢d down and the dekX)Sitor Was not notified of
the change and necd to transfer the interesl elsewhcre. Finally £15,000 transferred from the Gencrai
Fund which increased the Y￿-end balance lo £26,199.
Fabric Fund. 'I'his fund was closed down in 2022 and the balancc of £578 transferrcd to the Building Trust
Thorndales. 'The nei procecds due to th¢ PCC r¢lating to the sale of the fonner curate's house werc invested
in income shares of the Church Ik)ard of Finance Church of England Investmeni Fund on 30, April 2019.
The value ot. Ihe investment on 31, Deccmb¢r 2023 w&s £356,341 Compar￿ with £325,698 a ycar garlicr.
Thc inv¢stment is h¢ld by the Diocese as Cusiodian Trustee. The PCC as Managing Trustee receives the
dividend income. Full year dividend income in 2023 was £9,740 compared with incomc in 2022 of £9,687.
Parish Hall. Th¢ hall was sold many years ago. The Diocese are custodian trustecs and hold ihc &qsh. It
represents the amount ol. loan repayments of £683.75 each year by the Church to the Di￿ese in rcspcct of the
lo￿ granted by the Diocesc in 1990 for the internal r¢ordering of thc Church. 'fhis is on int¢rest free loan. At
the end of the year the loan outstanding £20.512 {£21,196 in 2022) and cash held by the Dio¢esc as
custodian trustee was £21,184 (£20.499 in 2022). This cash is held in a deposit ac¢ount and thL' interest is
credited to th¢ Building Trust Fund. (see above)
Pop up Café. t)uring 2023 cafe sales exceeded the cosls of provisions. There w&s a balance on the fund of
£3.691 on 31" Deccmbcr 2023.
Toddlers Group. This group is currently not 0￿rating. There is a balan￿ of £1.442 on the fund at the ¢nd
of the year.
Memorial Fund. This fund was closed down in 2023.
Approved by the PCC on 13th March 2024
Olive LAW
Chair of the PCC
Page 5

Independ¢nt traminer's report to the Tn￿teeS of Christ Cburch, Great Warley? Parochial Church
Council
I report to the t￿￿te¢S on my ¢xamination of the accounts of the abov¢ charity ('tbc Trust") for th¢ year ended
3151 Deeember 2023.
Responsibilities and basis of report
As the charity's trustees. you arc reS￿nSIble for the p￿paration of the accounts in accordance with the
requirements of the Charities Act 2011 ('tthe Act").
I report in respect of my examination of the Tn￿t'S accounts carried oul under section 145 of the 2011 Act
and in carrying out my examinalion. I have followed all the applicable Directions given by the Charity
Commission under section 145{5Xb) of the Act.
Independent examiners statement
I have completed my examination. I confirni that no material mall¢rs have comc to my attention in
connection with the cxamination which give me cause to believe that in. any material respect:
the accounting records were not kept in accordance with section 130 01. the Charities Acl. or
the accounts did not accord with th¢ a¢¢ounting records. or
the accounts did not comply with the applicablc requirements concerning the fonn and content of
accounls set out in the Charities (Accounts and Reports) Regulalions 2008 other than any requirement
that the accounts give a 'true and fair. view. which is not a matter considered & part of an indepcndcnl
cxamination.
I have no concerns and havc come across no other matters in connection with ihe examination lo which
attention should be drdwn in this report in order lo enable a proper undcr5tandingy of ihc a￿OuntS to bc
reached.
Neville Reid, ACA
19 Mills Grove
Poplar
l.ondon
E14 ORH
13, March 2024
Page 6

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Christ Church, Warley, Brentwood
Balance shèet
for the year endlng 318t December 2023
Totsl fvnds Prfor
egr fuDds
Note
Fixed assets
Investments
478.991
478.991
448.165
448,165
Cyrrent asaets
Debtors
Cash ￿ bank and in hand
4.828
99.077
J03,905
4.931
73.322
78353
Liabilities
Creditors: Amounts falling due
within one year
et ¢urrent w¢ts
10(a)
{8.951)
(3.195)
75,058
Total ￿￿ets les8 current li*bilities
573.945
523.223
Creditors: Amounts falling due
after one year
10(b)
(20,512)
(21.196)
Total net asset8 less IlabllltieJ
Fund8 ofthe Charity
12
Unrestrleted
Cyenernl lund
18.896
16,685
Doignaied
Fabric Fund
Sale of Thorndales
Memorial Fund
356,341
325,698
1,188
Restricted
Ag¢d and Infirni Fund
Building Trust Fund
Christ Church C¢ntre
Pop up Café
Toddlers Group
Sale of old hall
90,206
26.199
92,303
9.096
3,691
1.442
21,184
2,180
1,183
20.500
14
Endowment
Endowment
35.474
33.194
Funds of the Charity
553,433
Approved by the PCC on 13 March 2024
Olive I,aw, Chair of the PCC
Page 8

Christ Church. Warley, Brenlwood
Notes to the Financial Ststements
for the year ending 318t December 2023
NOTE I. ACCOUNTING POLICIES
The PCC is a publÈc kn¢fit entity within the meaning of FRSI 02. The financial slatements have been
prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006
governing the individual accounts of PCCS, and with the Regulations *rue and fair view" provisions. They
are also prepared under fRSI 02 as the applicable accounting stsndard and th¢ 2019 version of the Statement
of Recommended Practice. Accounting and Reporting by Charities (SORP(FRS102)).
(a) In¢ome
Planned giving, collections. and similar donations are Tecognized when received. Tax reclaimed in respeLI of
Gift Aid is recognized when the incoming resources to which they relate are rec¢ived. Grants and Ic8acies are
aLcounlcd for when the PCC. is entitl¢d to the use of the resourc¢s. their ultima* reccipt is consider¢d
rea4onably certain and the amounts due are reliably quantifiahle. Dividcnds are accounted for when declared
reccivable, interest as and when received. All incoming resources are accounted gross with the exceplion of
fee8 for wcddings and funerdls. Thc total income for these items includes amounts due io the DioLese and
expenses to hclp¢rs. "These are netted off the total amount leaving in ihe accounts only income properly due
to the PCC.
{b) Expenditure
Grants donations are accounted tor when paid over or the PCC commits to payin8 frijm rcsources for the
rinancial year in question. Thc Diocesan Parish Share is paid over when due provided resources are available.
All other expenditure is generally recogni/£d and is accountsd for gross.
(e) Volunte¢r5
Withoul our volunle¢rs the Church could not function. However, il is not possible to put a value on the work
Ihey do.
(d) As.9ets
Congecr¥ted And benefiee property
In so tar as conseLrat¢d and ben¢tice property of any kind is excluded from the statutory dLfinilion of charity
by Section 10(2)(a) and (c) of the Charities Act 201 I such as5eLs are nol capitalized in the tinancia]
8talemcnls.
Moveable church furnishings
Moveable chur¢h furnishings held by the Vicar and Church Wardens on special trust for ihe PCC and which
require a faculty for disposal are accounted as inaIienablc propety listcd in the church's inventory (which can
be inspected at any reasonable time). For anything prior to 2000 there is insufficient cost inforn]ation
availablc and iherelore such assels are not valued in the financial slatcments. Since then no individual item
has cost morc than £1,500 (see below).
Tangible fixed assets for use by the eharity.
Thcse are capitali7.ed Tf they can be used for rn0￿ thaD one ycar and cost morn than £1.500, and are then
dcpreciated over their use*ul ￿onoMiC life. However since 2000 rK) individual item cost more than
£1,500 and so all expenditure h&5 been written otywhen incurre
Investments
These are valucd at market valu¢ al the year end.
Short tcrn] deposits
These are either cash held on deposit with the bank or CCLA.
Page 9

Christ Church. Warley, Brentwood
Notss to the Financial Ststements
for the year ending 31st December 2023
(e} Funds
Unrestricted Funds. These arc income funds which arc to k spent on the PCC'S g¢n¢ral pU￿oSeS. For
Christ Church thcre is one unrestricl¢d fund, the General Fund.
Designated Funds. These are general funds set &side by the PCC for use in the future. Designated funds
r¢main unrestriclcd, and the PCC may move any surplus lo other generdl funds. Designaled funds are thc
Memorial Fund and the investment of the salc proceeds olThorndal¢s. In the casc of the lalter tb¢ Diocese
holds the funds a8 Custodian Trustee.
Restricted Funds. Th¢sc comprise (a) incom¢ from trusts and endowments which 18 lo be expended only on
the restrictcd purposes intended by the donor and (b) revenue donations and grants for a specilic PCC activity
intended by the donor. Any balance unspcnt at the end of the year is carried fonvard as a balance on thdt
fund. The major restricted funds for Christ Church are the Aged and InfirnL the Building I'rusL the Pop up
Café and the Toddlers Group. The Sale of the Old Hall is held by the Diocese.
Endowment Funds. These are funds, the capiial of which must be Tetsined cither pennanently or al the
PCC'S discretion. The income derived from an endowment is to be used either as restricted or unre8tricted
funds depending on thc purpose for which the fund was esthblished in ihe first place. For Chrisi Church.
endowments are th¢ invLslments which are not part of the Agcd l￿d Infirni Itund. The dividend income is
r¢.dilcd to the General Fund as thc PCC consider it is spenl wiihin the CJeneral Fund in accordance wilh the
purposes for which the funds were set up.
Page 10

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Christ Church, Warley, Brentwood
Notes to the Financial Ststements
for the year ending 31$t December 2023
NOTE 4. GIL4NTS
2023
2022
Brentwood Council startup grant for Cafe
Energy costs support grant from Diocese
NOTE S. ATr4ALYSIS OF EXPENDITURE
3,000
1.520
2023
2022
Independent examiner's rernuneration
5(X)
450
No trustee ¢laimcd any expenses in connection with their role as a trustee in either 2023 or 2022.
NOTF. 6. STAFF COSTS
2023
2022
Salaries and wages
Pcnsion costs
Total
2,600
7.515
300
For part of 2022 the PCC employed and paid a P￿sh Administrator and a cleaner (bolh part lime}, Both
re.%igined during the ycar. Thc clLan¢r has not been r¢placcd- her work is covcred by VolunteL￿. A
rep111 cL'menl Parish Administrator commenced employment in May 2023. Her Cu￿ent working hows are 6
h015rs per week. This follows a review of the role after thc departure of the previous posiholder. 1'he new
postholder has yet to exercise her right to join the workplacc pension scheme operated by the PCC which is
NF.%'l". 'fhis is a defined conlribution scheme and so no liability will fall on the Trustees. Both employer and
¢mploy¢¢ pay 40/0 into this scheme.
NOTE 7. ANALYSIS OF TRANSFER BETWEEN FUNDS
Unrestricted Designated Restricted
Transfcr from Agyed and Infirm to General Fund
I"ransfer lo 13uilding Trusi Fund from Memoria] Fund
Transfer to Building Trust Fund from (ieneral Fund
In view of the agc profil¢ of the congregation thc PCC agrecd to transfer the annual surplus on the Aged and
Infirm Fund to the General Fund Since a large part of ihe Church'5 general activities relate to the elderly and
infirm. In 2023 the PCC agreed to close down the Memorial Fund and transfer the bajance to the Building
Trust Fund. Thc PCC also agreed to tran51er £15,000 froffl th¢ Gencral Fund to the Building 'frust Fund.
4.594
(4.594)
1.188
15,000
(1.188)
(15,000)
Page 15

Christ Church, Warley, Brentwood
Notes to the Financial Statements
for the year ending 31st December 2023
NOTE 8. FIXED ASSETS
2023
2022
Investments
Market valu¢ I st January
GaIn￿{losses)
Market value 31 st Dccember
448,165
500.858
478.991
The market value at the end of the year ￿PresCnts invcslm¢nts for:
F.ndowment Funds
35,474
Sal¢ of Thorndales
356,341
Restricted Funds
33.194
325.698
NOTF 9. CURRF.NT ASSETS
Debtors
Unr¢striLted funds:
Tax recoverablc
Prcpaymcnts
Other
To￿1
2023
2022
2,839
1,499
490
2.831
1,278
822
NOTF. 10. LIABILITIES
(a) Creditors falling due within l year
2023
2022
Unrestri¢ied funds..
SaI4￿1es and pcnsions
C'haritable donations
Other
Restricted:
Other
Total
5.525
3,426
400
2,620
175
(b) Creditor5 falling due after l year
Loan trom Diocese re Parish Hall
20,512
21.196
In 1990 the proceeds from the sale of the parish Hall were paid over to the Di￿se. These were immediately
loaned back to th¢ Parksh to fund thc internal reordering of the Chu￿b. The loan is interest fr￿ and is being
paid back with annual instalments of £683.75 with fllwl rq)ayment duc in 2053.
Page 16

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Christ Church. Warfey, Brentwood
Notes to the Financial Ststements
for the year ending 31st December 2023
NOTE 13. RELATED PARTIES
2023
2022
Giving by Trustees
28,305
20.820
This is the giving by members of the PCC for the WOTk of the Church excluding gift aid.
NOTE 14. FUIYDS HELD BY DIOCESE
The Chelmsford Diocesan Board of Finance holds legal title as Custodian Tn]stee of the funds below. The
rnanagement ()fthe trusi funds is the resEK)nsibiliiy of the PCC as Managing Trustees.
2023
2022
P#rish hall loan repaid
21,184
20,500
The funds have bccn placed in a dcdicatcd dcwsit account managed by thc CCLA.
Clerical a881Stanc¢ for the vicar
2.780
2.541
The funds have been invested in the CCLA Church Board of Finance Church of EngIand InvestmentI￿Und
Income Sh￿es. This fund is included within the figures in not¢ 12 for Endowment Funds.
Sale of Thorndales
356.341
325,698
The funds havc been invested in the CCLA Church Board of Finance Church of England Investmeni bund
Income Shares.
Income AS accounted for in Christ Church's accounts &s follows:
2023
2022
Pari8h hall loAn repaid
IntLrLsÉ backdal¢d duc lo delay when bank
aLcount was LlosLd. Interest is credited to
Building Trust Fund
915
Clerieal asslstance for the vicar
76
Dividend incorne is crediled to the General Fund.
76
Sale of Thorndal¢s
9.740
Dividend income is craited to the General Fund.
9,687
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