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← Christ Church, Uxbridge

2023-08-31-accounts

Charity number: 1139255

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 23

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2023

Mrs Joanne Mackin, Trustee Mrs Louise George, Trustee Mrs Stephanie Marr, Trustee Mrs Catherine Simpson, Trustee

Charity registered number 1139255 Principal office

Christ Church Redford Way Uxbridge UB8 1SZ

Page 1

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

CHURCH COUNCIL MEMBERS' REPORT FOR THE YEAR ENDED 31 AUGUST 2023

The Church Council present their report and accounts for the year ended 31 August 2023.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the United Reformed Church guidance, the Charities Act 2011 and Accounting and the provisions of the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) – (Charities SORP (FRS 102)).

This report is signed by a designated trustee on behalf of all of them.

Structure, governance and management

The Church was established by the amalgamation of Uxbridge United Reformed Church and Uxbridge Methodist Church on 28 September 1972 and is governed by its constitution adopted on 8 August 2010. The Church's objectives are to advance its religious and charitable work. It is a registered charity number 1139255.

The trustees who served during the year were:

Mrs Louise George Mrs Joanne Mackin Mrs Stephanie Marr Mrs Catherine Simpson

The trustees normally meet six times in the year but ongoing business means that meetings have been held more often during this financial year.

The church is a joint Methodist and United Reformed Church.

Church members elect trustees from among their members at the annual general meeting of the Church to perform such functions as the membership requires assisting the Church in fulfilling its life, work and witness. These trustees together with the Minister are known as the Church Council.

Trustees are required to have been a Church member for at least 12 months. During their term of office, training is through bible study, ongoing experience and exposure to denominational literature and meetings.

Page 2

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

CHURCH COUNCIL MEMBERS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Objectives and activities

a. Policies and objectives

In setting our activities and planning our activities, the church council has given careful consideration to the Charity Commission general guidance on public benefit, and, in particular, to its supplementary public benefit guidance on advancing our objectives and conforms to the Charities Act 2011.

The purpose of Christ Church is to bring the love of God to the heart of Uxbridge by being a worshipping, caring community which accepts people as they are and helps them live life to the full.

We believe in an inclusive Church – a church which does not discriminate, on any level, on grounds of economic power, gender, mental health, physical ability, race or sexuality. We believe in a Church which welcomes and serves all people in the name of Jesus Christ; which is scripturally faithful; which seeks to proclaim the Gospel afresh for each generation; and which, in the power of the Holy Spirit, allows all people to grasp how wide and long and high and deep is the love of Jesus Christ.

Page 3

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

CHURCH COUNCIL MEMBERS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Achievements and performance

a. Main achievements of the Charity

During the year September 2022 - August 2023 Christ Church celebrated 50 years of work and worship and reflected on its current mission. Events were held including as many members and friends as possible and money was raised to support Communicare Counselling Services, originally formed under the umbrella of the church and now an independent charity. In addition, the congregation and Trustees have continued to raise money through coffee mornings and have worked as a team to address some issues of clearing, tidying and decorating the building, bringing at least one room back into general use following a long-term let.

b. Review of activities

Wilmar Close was let at commercial rates during the whole year.

Trust income was in line with budget and we acknowledge our thanks to the trustees of the Uxbridge United Reformed Church Charity for their substantial contribution.

During the year we had no minister. Following the retirement of our Methodist minister our payments for Methodist Ministry were at a similar level to last year. Our payments to the United Reformed Church remained broadly similar to 2021-22.

It is encouraging to see that we are still able to support our Outreach aspirations with contributions to Communicare Counselling Service and others totalling around £19,000 in the year.

After several years of setting a large deficit budget to reduce reserves, the Trustees looked at whether this was currently sustainable with the reduced earnings from lettings due to lower room occupancy rates post Covid. The budget was agreed with this in mind and the church congregation were asked to review activities looking at value for money relating not necessarily to income vs expenditure but to how effective projects are for outreach.

The upshot of this reflection is that the church café was closed with the manager post becoming redundant. However, the congregation have been able to set up and staff a low-key weekly Warm Welcome as part of the Government-promoted scheme alongside other churches in Uxbridge and it is envisaged that this will re-start in Autumn 2023 as a more permanent fixture in the church’s outreach calendar.

Page 4

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

CHURCH COUNCIL MEMBERS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

It is the policy of the Church that unrestricted funds should be maintained at a level equivalent to between six and nine months' expenditure. The Church Council considers 'that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Church's activities while consideration is given to ways in which additional funds may be raised'. The level of reserves has been maintained throughout the year. The Church holds sufficient funds to enable it to cover current levels of expenditure and into the foreseeable future.

Page 5

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

CHURCH COUNCIL MEMBERS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Structure, governance and management

a. Constitution

Christ Church Methodist & United Reformed Church is a registered charity, number 1139255, and is constituted under a Trust deed.

b. Methods of appointment or election of Trustees

Church members elect trustees from among their members at the annual general meeting of the Church to perform such functions as the membership requires assisting the Church in fulfilling its life, work and witness.

Plans for future periods

The Trustees continue to work hard to sustain Christ Church but struggle with capacity and succession planning. There have been four Trustees in post during this financial year, working with a co-opted member on Church Council as well as support from members and friends for occasions such as the anniversary celebrations. It is already known that one Trustee will step down at the next Annual Congregational Meeting with no-one else obvious to step into their place. As the church is currently without a minister to support its work, the Trustees are having to take capacity and burnout issues very seriously. The result of this is that there are fewer initiatives such as study groups running at the church but the Trustees are keen to encourage support of the activities put in place by other local churches and our partner denominations. This includes promoting Churches Together in Uxbridge activities and signposting resources for study and prayer from the Methodist and United Reformed Churches.

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 6

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

CHURCH COUNCIL MEMBERS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

Approved on behalf of the Church Council:

==> picture [84 x 35] intentionally omitted <==

Mrs Catherine Simpson

Date: 1 September 2024

Page 7

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2023

Independent Examiner's Report to the Trustees of Christ Church Methodist & United Reformed Church ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 August 2023.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 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: Dated: 1 September 2024 David Alesbury Chartered Accountant

Feltons

Chartered Accountants 1 The Green London TW9 1PL

Page 8

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023

Note
Income from:
Donations and legacies
3
Charitable activities
5
Investments
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2023
£
20,240
70,804
5,490
96,534
185,323
185,323
(88,789)
326,315
(88,789)
237,526		 Restricted
funds
2023
£
120,375
-
-
120,375
29,326
29,326
91,049
145,889
91,049
236,938		 Total
funds
2023
£
140,615
70,804
5,490
216,909
214,649
214,649
2,260
472,204
2,260
474,464		 Total
funds
2022
£
120,372
58,452
540
179,364
240,191
240,191
(60,827)
533,031
(60,827)
472,204

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 11 to 23 form part of these financial statements.

Page 9

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

BALANCE SHEET AS AT 31 AUGUST 2023

Note
Fixed assets
Tangible assets
12
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
14
Unrestricted funds
14
Total funds		 330,595
330,595
(29,107)		 2023
£
172,977
172,977
301,488
474,465
474,465
474,465
236,938
237,527
474,465		 327,751
327,751
(26,274)		 2022
£
170,728
170,728
301,477
472,205
472,205
472,205
145,889
326,316
472,205

The financial statements were approved and authorised for issue by the Trustees on 01 September 2024 and signed on their behalf by:

==> picture [84 x 34] intentionally omitted <==

Mrs Catherine Simpson

The notes on pages 11 to 23 form part of these financial statements.

Page 10

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

1. General information

Christ Church, Uxbridge is registered as a charity number 1139255, set up in the United Kingdom and governed under the Charities Act 2011. The organisation is an unincorporated association, registered in England and Wales and in Scotland.

It is part of the Methodist Harrow and Hillingdon circuit and the United Reformed Church Thames North Synod.

The address of the church is Redford Way, Belmont Road, Uxbridge, UB8 1SZ.

We acknowledge our outreach by using the term ‘Christ Church and Communicare’.

The title to the Church buildings is held by URC Thames North Trust whose address is St Paul’s URC, Newton Road, Bayswater, London W2 5LS.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with guidance issued by the Methodist Church.

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Christ Church Methodist & United Reformed 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.

The presentation currency is pounds sterling and figures are rounded to the nearest pound.

2.2 Going concern

The financial statements of the Charity are prepared on a going concern basis.

The trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. As a result, they continue to adopt the going concern basis of accounting in preparing the financial statements. No material uncertainties exist.

Page 11

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

2. Accounting policies (continued)

2.3 Income

All voluntary giving is included in the financial statements for the period in which it is received.

Donations under Gift Aid plus the associated tax recovery are recognised as income when the donation is received.

Legacies are accounted for when their receipt is certain and can be properly quantified.

All other income is generally recognised when it is receivable.

2.4 Expenditure

The URC Ministry & Mission Fund contribution is paid regularly as is the Methodist Circuit contribution and are included in the financial statements.

Resources expended are recognised in the period to which they are incurred and include attributable VAT which cannot be recovered. They are allocated to the particular activity to which they relate.

Governance costs represent direct expenditure on the governance of the church, including the production and independent scrutiny of these financial statements.

As most of the management and activity of the church is carried out by volunteers, this intangible cost is not included in the financial statements as this voluntary contribution to the life of the church is incalculable.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Taxation

As part of the United Reformed Church, the church is an excepted charity within the meaning of the Taxes Acts. Accordingly it is potentially exempt from taxation in respect of income and capital gains received to the extent that such income or gains are applied to exclusively charitable purposes. No provision for taxation has been made in these financial statements.

2.7 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Page 12

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

2. Accounting policies (continued)

2.7 Tangible fixed assets and depreciation (continued)

Freehold property: The Trustees of the church and manse buildings are the URC Thames North Synod Trust and of the manse are Harrow & Hillingdon Methodist Circuit who hold them upon trust for purposes connected with Christ Church.

Equipment: Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives

Furniture - 15% Straight line IT Equipment - 33% Straight line

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.10 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

2.12 Fund accounting

Designated funds comprise unrestricted funds that have been set aside by the Trustees for use at the discretion of the church in furtherance of its charitable objectives.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 13

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

3. Income from donations and legacies

Unrestricted
funds
2023
£
Donations
3,526
Grants
-
Offertory
16,714
20,240
Total 2022
18,705		 Restricted
funds
2023
£
-
120,375
-
120,375
101,667		 Total
funds
2023
£
3,526
120,375
16,714
140,615
120,372		 Total
funds
2022
£
1,733
101,667
16,972
120,372

4. Ministry & Mission Fund

The church contributes to the central URC costs of training and providing ministers (including the centralised payment of stipends, pension contributions and other benefits for ministers), running the denomination, and the wider mission of the national church. This annual budget amounts to some £21million, 82% of which relates to minister costs, and 91% is provided through the Ministry & Mission Fund contributions from churches.

5. Income from charitable activities

Unrestricted
funds
2023
£
Car Parking
7,250
Church lettings
44,843
Wilmar Close rent
17,468
Church Cafe
1,243
70,804
Total 2022
58,452		 Total
funds
2023
£
7,250
44,843
17,468
1,243
70,804
58,452		 Total
funds
2022
£
5,043
33,549
16,399
3,461
58,452

Page 14

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

6. Investment income

Unrestricted
funds
2023
£
Bank Interest
5,490
Total 2022
540		 Total
funds
2023
£
5,490
540		 Total
funds
2022
£
540

7. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2023
£
Church Activites - Administration
38,634
Church Activites -Teaching costs
590
Church Activites -Church costs
102,154
Church Activites -Other programmes
-
Ministerial Costs - URC Ministry and
Methodist Ministry
36,251
Church Activities - Other Costs
5,537
Church Activities - Depreciation of furniture
and equipment
2,157
Church cafe
-
Harrow and Hillingdon Methodist Circuit
-
185,323
Total 2022
128,257		 Restricted
funds
2023
£
-
-
-
15,057
-
-
-
14,269
-
29,326
111,934		 Total
2023
£
38,634
590
102,154
15,057
36,251
5,537
2,157
14,269
-
214,649
240,191		 Total
2022
£
65,963
947
96,108
15,362
36,889
4,764
1,018
17,189
1,951
240,191

Page 15

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

8. Analysis of expenditure by activities

Church Activites - Administration
Church Activites -Teaching costs
Church Activites -Church costs
Church Activites -Other programmes
Ministerial Costs - URC Ministry and
Methodist Ministry
Church Activities - Other Costs
Church Activities - Depreciation of furniture
and equipment
Church cafe
Harrow and Hillingdon Methodist Circuit
Total 2022		 Activities
undertaken
directly
2023
£
-
590
102,154
15,057
36,251
3,343
2,157
14,269
-
173,821
172,967		 Support
costs
2023
£
38,634
-
-
-
-
2,194
-
-
-
40,828
67,223		 Total
funds
2023
£
38,634
590
102,154
15,057
36,251
5,537
2,157
14,269
-
214,649
240,190		 Total
funds
2022
£
65,963
947
96,108
15,362
36,889
4,764
1,018
17,189
1,950
240,191

9. Independent examiner's remuneration

2023 2022
£ £
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts 2,940 2,040

Page 16

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

10. Staff costs

2023
£
Wages and salaries
95,674
Social security costs
3,040
Contribution to defined contribution pension schemes
2,207
100,921
The average number of persons employed by the Charity during the year was as follows:
2023
No.
Direct charitable activities
5		 2022
£
121,111
4,576
2,962
128,649
2022
No.
11

No employee received remuneration amounting to more than £60,000 in either year.

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .

During the year ended 31 August 2023, expenses totalling £ 737 were reimbursed or paid directly to 2 Trustees (2022 - £1,637 to 5 Trustees) . Expenses incurred were for travel, sustenance and administration purpose.

Page 17

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

12. Tangible fixed assets

Cost or valuation
At 1 September 2022
Additions
At 31 August 2023
Depreciation
At 1 September 2022
Charge for the year
At 31 August 2023
Net book value
At 31 August 2023
At 31 August 2022		 Freehold
property
£
169,035
-
169,035
-
-
-
169,035
169,035		 Fixtures and
fittings
£
33,866
319
34,185
33,335
236
33,571
614
531		 Office
equipment
£
13,691
4,086
17,777
12,529
1,921
14,450
3,327
1,162		 Total
£
216,592
4,405
220,997
45,864
2,157
48,021
172,976
170,728

For the reasons stated in Accounting Policy 2.7, the church and manse buildings are not tangible fixed assets of the church. For insurance purposes the church buildings are insured by the church for £2,501,061 and Wilmar Close for £210,388. The church contents are insured for £350,340.

Page 18

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

13. Creditors: Amounts falling due within one year

Other taxation and social security
Other creditors		 2023
£
1,661
27,446
29,107		 2022
£
1,661
24,613
26,274

Page 19

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

14. Statement of funds

Statement of funds - current year

Unrestricted funds
Church Fund
Fund for the Development and Extension of
Ministry
Restricted funds
Building Fund
Specific Fund
Total of funds		 Balance at 1
September
2022
£
198,456
127,860
326,316
75,000
70,889
145,889
472,205		 Income
£
-
96,534
96,534
-
120,375
120,375
216,909		 Expenditure
£
-
(185,323)
(185,323)
-
(29,326)
(29,326)
(214,649)		 Balance at
31 August
2023
£
198,456
39,071
237,527
75,000
161,938
236,938
474,465

Page 20

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

14. Statement of funds (continued)

Statement of funds - prior year

Designated funds
Church Fund
Fund for the Development and Extension of
Ministry
Restricted funds
Building Fund
Specific Fund
Total of funds
Summary of funds
Summary of funds - current year
Designated funds
Restricted funds		 Balance at
1 September
2021
£
198,456
178,420
376,876
75,000
81,156
156,156
533,032
Balance at 1
September
2022
£
326,316
145,889
472,205		 Income
£
-
77,697
77,697
-
101,667
101,667
179,364
Income
£
96,534
120,375
216,909		 Expenditure
£
-
(128,257)
(128,257)
-
(111,934)
(111,934)
(240,191)
Expenditure
£
(185,323)
(29,326)
(214,649)		 Balance at
31 August
2022
£
198,456
127,860
326,316
75,000
70,889
145,889
472,205
Balance at
31 August
2023
£
237,527
236,938
474,465

15. Summary of funds

Page 21

CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

15. Summary of funds (continued)

Summary of funds - prior year

Designated funds
Restricted funds		 Balance at
1 September
2021
£
376,876
156,156
533,032		 Income
£
77,697
101,667
179,364		 Expenditure
£
(128,257)
(111,934)
(240,191)		 Balance at
31 August
2022
£
326,316
145,889
472,205

16. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2023
£
Tangible fixed assets
172,976
Current assets
64,551
Creditors due within one year
-
Total
237,527
Analysis of net assets between funds - prior year
Unrestricted
funds
2022
£
Tangible fixed assets
170,728
Current assets
155,587
Creditors due within one year
-
Total
326,315		 Restricted
funds
2023
£
-
266,045
(29,107)
236,938
Restricted
funds
2022
£
-
172,163
(26,274)
145,889		 Total
funds
2023
£
172,976
330,596
(29,107)
474,465
Total
funds
2022
£
170,728
327,750
(26,274)
472,204

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CHRIST CHURCH METHODIST & UNITED REFORMED CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

17. Pension commitments

The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £2,207 (2022 - £2,962). £Nil (2022 - £Nil) was payable to the fund at the balance sheet date and is included in creditors.

18. Related party transactions

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 August 2023.

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