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2021-12-31-accounts

Annual Report and Financial Statements

of the Church Council

For the year ended 31[st] December 2021

Charity No 1141732

Minister Rt Rev’d Bishop Josep Miquel Rosello Ferrer Christ Church 29 North Street Exmouth EX8 1JZ Bank: HSBC UK Sidmouth,

Independent Examiner: Mr Mark Hazell Sovereign Accountancy 43B Exeter Road Exmouth EX8 1PX

CHRIST CHURCH EXMOUTH

ANNUAL REPORT AND FINANCIAL REVIEW FOR THE YEAR ENDED 31[st] DECEMBER 2021

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CONTENTS
Annual Report and Financial Review Page 3 – 7
Statement of Financial Activities Page 8
Statement of Financial Assets and Liabilities Page 9
Notes to the Financial Statement Page 10 – 11
Summary by Independent Examiner Page 12
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CHRIST CHURCH EXMOUTH

ANNUAL REPORT AND FINANCIAL REVIEW

FOR THE YEAR ENDED 31[st] DECEMBER 2021

REPORT OF THE CHAIRMAN OF TRUSTEES

The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31[st] December 2021.

Objectives of the Charity

The charity, which is a church, is governed by a constitution as a Charitable Trust. The charity's principal objectives are expressed in its Purpose Statement – Living and sharing God’s amazing love in Exmouth and beyond .

Structure, Governance and Management

Christ Church, Exmouth is governed by a constitution adopted on the 6[th] March 2011 and is an Unincorporated Charity. All Church members are encouraged to attend the Annual Congregational Meeting where Churchwardens and Church Council members are elected to the Church Council. All Church Council members are Trustees. The Minister is an Ex Officio of the Church Council and is entitled to assume the position of Chair.

The Church Council has introduced financial controls to reduce the possibility of fraud and other irregularities. Financial information is presented at the quarterly meetings which enables the Church Council to monitor income and expenditure on a regular basis.

The Trustees who served during 2021 are:

The Trustees normally meet once a month for the governance of the charitable assets of the Church; its financial affairs; approval of policies and the fulfilment of the objects of the Church; keeping in an appropriate state of repair and insuring to their full value against fire and other usual risks all the buildings of the Church. The Church Council has updated and approved new policies, according to the guidelines of the Charity Commission.

CHRIST CHURCH EXMOUTH

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ANNUAL REPORT AND FINANCIAL REVIEW

FOR THE YEAR ENDED 31[st] DECEMBER 2021

The Church employs, or has employed, 3 part-time members of staff and 1 full-time:

Public benefit statement

The trustees have had regard to the Charity Commission guidance on their legal duty on public benefit, and are satisfied that the charity does indeed deliver that benefit. Due regard is paid to the guidance on public benefit when deciding on what new projects the charity should undertake.

Volunteers

The Trustees extend their grateful thanks to all the volunteers who work so hard in and for the whole community in many diverse ways. Without their efforts the work of the Church would not be possible.

Activities, Achievements and Performance

Christ Church, like everyone, has contended with the Covid pandemic and has adjusted its activities and aims as the year unfolded. However, it has throughout maintained its core values of being able to provide support, help and impact on and to the communities around it. The ways in which it has done this have altered but in the toughest year that many have faced, it has been able to provide help and support to those who needed it most.

On 4[th] May 2021, Christ Church, Exmouth, decided by a unanimous vote to discontinue its formal association with its previous denomination. This was the result of the unacceptable way in which the Free Church of England and Free Church of England Central Trust were being run, which has been the cause of a number of complaints, both from Christ Church Exmouth and others, to the Charity Commission. The mode of governance, worship and range of activities of Christ Church, Exmouth remain as they have been for a number of years past.

In September 2021, the Minister received the approval of the Churchwardens for a ten-week sabbatical after the pandemic.

The Church's regular Sunday Services and all other activities were significantly impacted by the Covid pandemic during the year when unable to meet in person. However, it took full advantage of its online presence and media developments to gather (albeit virtually) for worship, bible teaching and prayer. The Church is grateful to God for how this enabled it to engage with many more people, many of whom were new to the Church. However, it has since seen a decrease of Sunday Available Attendance to 64 people from 76 people in the previous year.

Life Groups have continued throughout Exmouth, sustaining relationships and engagement with the communities beyond Sunday meetings. It has also developed its "Pastoral Care" ministry enabling it to support many in the wider community. This has become part of the Church’s core activity.

The Church continues to support Christian mission both locally as well as overseas with a particular focus on Africa and the UK.

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CHRIST CHURCH EXMOUTH

ANNUAL REPORT AND FINANCIAL REVIEW

FOR THE YEAR ENDED 31[st] DECEMBER 2021

FINANCIAL REVIEW

Christ Church, Exmouth is dependent upon voluntary giving from the church family to pay for the overheads and expenses.

During the year total income receipts were £102,851, church activity payments were £87,021, giving a surplus for church activity of £15,830 for the year.

During the year, the church’s financial resources were managed on a receipts and payments basis, in a single account with HSBC Bank. In 2021 the church’s financial assets were managed in three funds, the Unrestricted General Fund, the Restricted Nehemiah Fund and the Restricted Music Director Fund, the latter being created in 2020.

Nehemiah Fund

The Reserved Fund named the ‘Nehemiah Fund’ was originally created to reserve the donated funds raised towards the costs incurred in bringing Rt. Rev’d. Josep Rosello and his family from San Paulo, Brazil in April 2019, for the Rt. Rev’d. Josep to serve as Minister of Christ Church, Exmouth. In addition, the funds were also raised to support the Rt. Rev’d. Josep’s wider Ministry, which has been described as beyond that contained in his Contract of Employment of the 14[th] March 2019.

Music Director Fund

The purpose of the ‘Music Director Restricted Fund’ is for the retention of donations raised by the appointed Music Director of Christ Church, Exmouth. The exclusive purpose of this fund is to renumerate the Music Director.

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CHRIST CHURCH EXMOUTH

ANNUAL REPORT AND FINANCIAL REVIEW

FOR THE YEAR ENDED 31[st] DECEMBER 2021

RESERVES POLICY

A Reserves Policy for 2021 was agreed by the Church Council in February 2021, which has affirmed the following statement.

‘Our reserves remain healthy. Our total cash amounts held in unrestricted reserves at the year-end were £60,333. The Church Council holds reserves of £27,000 for the following reasons:

RISK ASSESSMENT

The policies with the Methodist Insurance Group provide adequate insurance cover for all the activities in which the Church Council is involved including matters such as employers and public liability. Policies are kept under regular review by the Church Council and new ones have been approved, according to the guidelines of the Charity Commission.

NOTES TO THE FINANCIAL SUMMARY

Incoming Resources, Receipts

Voluntary income is received by way of donations, gift aid and other activities and is accounted for when received. Tax refunds are also accounted for when received.

Resources Expended, Payments

Resources expended are accounted for on a cash basis.

Donation in Kind

The Church is fortunate in the level of active support it receives from volunteers. These volunteers spend a considerable amount of time and effort assisting with the work of the Church. It is not considered practical or meaningful to put a monetary value on this support but the Church Council offers a heartfelt "thank you" for it.

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CHRIST CHURCH EXMOUTH

ANNUAL REPORT AND FINANCIAL REVIEW FOR THE YEAR ENDED 31- DECEMBER 2021 Flxed Assets Fixed assets are depreclated over thelr estlm•ted useful lfves to wrtte off the cost less resIdU￿ value of the asset during the period of its use. The following rnces of depreciatlon are used: Equipment 25% straight line Assets under ISC4) are not capitalised. The cosdiest pieces of equipment are the orKdn. the mulilmedla FYolec¢or. sound desk speakers and ¢xher AJV equlpmenL None of this equipment outstandins depreciation. Taxatlon The Church Is a charlty and Is not sublect to tsxatlorL ELECTED MEMBERS REMUNERATION AND EXPENSES No remuneratlon vu$ pald to Jny elected member5 during the period. Slgned: Rt ReWd Josep Rosello (Mlnlster and Chalrman)

CHRIST CHURCH EXMOUTH CHRIST CHURCH EXMOUTH CHRIST CHURCH EXMOUTH CHRIST CHURCH EXMOUTH CHRIST CHURCH EXMOUTH CHRIST CHURCH EXMOUTH CHRIST CHURCH EXMOUTH CHRIST CHURCH EXMOUTH
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
Note Unrestricted
General
Fund		 Restricted
Nehemiah
Fund		 Restricted
Music
Director		 Restricted
Children's
Fund		 2021 2020
£ £ £ £ £ £
INCOMING RESOURCES
Regular Giving a 59,752 4,163 863 64,778 59,336
Non-recurringdonations and appeals b 15,587 900 2,827 19,314 29,223
Investment Income c 2,659 2,659 3,191
Income from Church Activities d 2,608 2,608 4,378
Rental income from Manse e 13,048 13,048 12,276
Other Income f 445 445 706
Total IncomingResources 94,099 5,063 3,689 0 102,851 109,109
RESOURCES EXPENDED
Cost of Minister g 24,086 6,585 30,671 29,502
Cost of HousingMinister h 13,300 13,300 13,200
Tithes, Donations & DiscretionaryFund i 7,175 7,175 11,557
Payroll j 11,672 7,285 18,957 11,449
FCE Quota k 0 0 2,130
Governance l 6,207 6,207 3,998
Expenses m 10,711 10,711 10,787
Total Resources Expended 73,151 6,585 7,285 0 87,021 82,623
Net Incoming/Outgoing 20,948 -1,522 -3,596 0 15,830 26,486
Resources
Balance b/fwd 1January2021 60,333 18,254 16,380 0 94,968 31,240
Balance c/fwd 31 December 2021 81,281 16,733 12,784 0 110,798 68,482

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CHRIST CHURCH EXMOUTH STATEMENT OF FINANaAL ASSEfs & LIABILrfiES FOR THE YÉAR ÉNDED J I DECEMBER 2021 Not• 2021 2020 Flx•d Ais•t• Eq￿￿￿nt •6• Cash at Ba•* and In Hand HSBC Main Acc¢unr -688 110.798 94.968, TOTAL NET AS￿rS 110,798 94,968 •y•s•nt•d trr. Unrestrlcred G￿eTrI Fund 81.281 16,723 60.333 18,254 K•strict•d N•￿MIah Fund knstri<f¢d Thil¢hn's Fund R•strict•d Music Director Fund 12,785 16,3 TOTAL FUNDS 10.789 94,968 aJRRENT LIABILrriES Non• Jon Ly CtrKw¢h W¥thA•

CHRIST CHURCH EXMOUTH CHRIST CHURCH EXMOUTH CHRIST CHURCH EXMOUTH CHRIST CHURCH EXMOUTH CHRIST CHURCH EXMOUTH CHRIST CHURCH EXMOUTH CHRIST CHURCH EXMOUTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Unrestricted
General
Fund
Restricted
Nehemiah
Fund

Restricted
Music
Director		 Restricted
Children's
Fund		 2021 2020
£ £ £ £ £ £
INCOMING RESOURCES
a. REGULAR GIVING
Offertory Plate 2,338 2,338 2,465
Tithes (Gift Aided) 36,657 2,400 650 39,707 33,361
Tithes (Non Gift Aided) 10,981 1,200 12,181 13,237
Gift Aid Claimed 9,776 563 163 10,501 10,223
b. NON-RECURRING DONATIONS AND APPEALS
Donations 15,006 720 2,761 18,487 28,126
Gift Aid Claimed 583 180 115 878 1,147
c. INVESTMENT INCOME
Exmouth Trust held by FCE 2,659 2,659 3,191
d. INCOME FROM CHURCH ACTIVITIES
Hall Lettings 1,098 1,098 1,270
Outreach Events 1,511 1,511 1,198
Children's & Youth Work 0 0 242
Church Activies 445 445 1,668
e. RENTAL INCOME FROM MANS E
13,048		 13,048 12,276
The church lets a residential property
that was historically used as a home
by the Church Minister, the Deed is
held by the FCE
f. OTHER INCOME
Income from Furlough payments 0 0 706

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CHRIST CHURCH EXMOUTH CHRIST CHURCH EXMOUTH CHRIST CHURCH EXMOUTH CHRIST CHURCH EXMOUTH CHRIST CHURCH EXMOUTH CHRIST CHURCH EXMOUTH CHRIST CHURCH EXMOUTH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Unrestricted
General
Fund
Restricted
Nehemiah
Fund

Restricted
Music
Director		 Restricted
Children's
Fund		 2021 2020
RESOURCES EXPENDED £ £ £ £ £ £
g. COST OF MINISTER
Salary 20,150 6,000 26,150 25,698
Expenses 1,179 83 1,262 791
Relocation 0 502 502 0
Utilities for Rented Accomodation 2,758 2,758 3,013
h. COST OF HOUSING MINISTER
Cost of Home Rental 13,300 13,300 13,200
i. TITHES and DONATIONS
Tithes(Open Doors £1.805, CC Exeter £1,650,
Haig's & Crow /Malawi £920, South America £844)		 5,120 5,120 4,575
FCE South America 0 0 6,360
Other Donations(Open Door £121) 121 121 0
Ministers Discretionary Fund 1,934 1,934 453
j. PAYROLL
Staffing Cost 11,672 7,285 18,957 11,449
k. FCE QUOTA
General & Diocesan Quota 0 0 2,130
l. GOVERNANCE
Payroll, Bookkeeping, Ind. Examinatio 744 744 622
Insurance and CCLI 3,191 3,191 3,141
Health and Safety 1,582 1,582 115
Safeguarding 689 689 120
m. EXPENSES
Visiting Speakers 100 100 156
Church Activities 1,219 1,219 316
Office Expenses 58 58 431
Leadership Expenses 0 0
AV Equipment 298 298 1,253
Publicity 633 633 601
Children's and Youth Work 0 0 1,193
Outreach Events 1,585 1,585 866
Catering 192 192 0
Broadmead Maintenance 298 298 548
Church Maintenance 3,564 3,564 2,727
Utilities 1,649 1,649 2,259
Others(inc. £623 Legal Fees) 1,115 1,115 606

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INDEPENDENT EXAMINER'S REPORT 2021 TO THE MEMBERS OF THE CHURCH COUNCIL CHRIST CHURCH EXMOUTH

I report to the trustees on my examination of the accounts of Christ Church, Exmouth for the year ended 31[st] December 2021.

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’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 Act.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect:

I have no concerns and have come across no matter in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed ………………………………………………………….

Date …………………………………………….

Name ……………………………………………………………………………………..

Relevant professional qualification …………………………………………

Address ………………………………………………………………………………………

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