CHURCH
CHINEHAM
licgi4irJ1io￿ No. I14?640
Annual Finance Report
2023
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Commentiry: Annual Finance Report- 2023
David Josey, Treasurer
l. Ba$is of financial statements
These statements are prepared using Receipts and Payments Accounting.
2. Overview
The budget for the year was for an £14.7K deficit in the General Fund (GF), whT¢h was turned into an
increase in the GF of £18.1 K. This was due to Ihree legacies and one large donation totalling £33K
being spent on Generdl Fund items. Otherwise the General Fund would havc scen a dcficil of
£14.1 K, which is close lo the budget!
3. Funds
All nornial church financial aelivity is handled within the General Fund
Gcncral Fund
Reserve Fund
unreslricled
designated
bc used for an
riaic to CCC.
Nominally three months of nomal expenditure. Set al
£50K. Council may move money from this Fund.
nomiall lo ihe GF as re
uircd.
This Fund is io cnablc larger-scalc Tmprov¢m¢nts.
modifications andloT extensions to the building and ils
facilities.
The same usc as the designaied fund: for incomin8
donalions and
cificall for this
s¢.
For
outh work.
Forare
la¢emeni lectern.
osea
ro
Facilities Dcvelopmcnl
Fund-D
dcstgnaicd
Facilities Development
Fund-R
Yoiith Fund
Lectcm Fund
reslricled
restricted
restricted
Note. Unreslricled Funds
Dcsignated Funds
Rcstricted Funds
May be used lor any legal purpose appropriate lo CCC.
Council can movc moncy inlo and out as they wish.
Council can only spend the money on the ternis of the Fund.
4. The Team
Behind the scenes. Jim Garncr succeeded Liz Foster paying in to the bank all the cash and chcqucs
received. and Peter Chiverton keeps the records for tax ¢￿I¢l¢nI Giving- Gift Aid - and makes thc
applications for refunds. This last applies to Giving coming directly to us and not through an agency
that claims the gift aid for us. such as PGS and Stewardship. All thes¢ jobs require due diligence in
recording the details and a frequent demand on tirne.
Toward5 the year-end, Euna Kim volunteered to be the book-keeper, allocating monthly to each
transaction a nominal code and entering them into thc account system. Ai year-end Stuart Woosnam
offered io be my successor. Council has approved both these people and a handover proces5 is in
hand. l expect Stuart will fonnally become Treasurer ai the forthcoming APCM.
My thanks to all these team meM￿rS.
Page 2

l. Mission Support
Long tertn financial support is given to chosen Christian organisaiions ihal do God"s work tn the
world. Ten percent of the budgeted Giving and associated gift aid is allocated. In 202 we gave:
Smile U anda
Evan
elical Action Brazil
Karl & Deborah Stone- Flav¢l Church Dartmouth
cliffc Bible Translators # I
Com
assion UK
London Street
outh table
I CB - Youth
Basin
stoke Street Pastors
Basin
sioke Town Cha
ainc
Junction 5 Mone
Adi'ice- fl(M)k
Communi
Food Link- vehicle re
Total
£3,025
£2.400
£2.760
£2,556
£352
£900
£900
£400
£400
£400
£507
£14,600
airlrc
lace
2. Lettingi
Many of our regular cuslomers are billed at the end of each period and thus al each year<nd there are
monies owed that were earned in thai year. Ai year<nd 2022, this was over £9K. This was
addresscd carly in 2023 and jusi £2K was oulslanding at cnd of 2023. This amount is nom)al each
monih. Cash flow overview..
2022 invoices rec'd in 2023
2023 invoices rec'd in 2023
2023 invoicc% ouisianding al
ear-end
2023 accounts recorded
£9K
£58K
£2K
Recorded as 2023 income
Recorded when received in 2024.
£1.3K received b 31° Jan.
£67K
Eamed in 2023
£60K
Bud et.. £60K
3. Card Readers
We have run a Sumup caTd ￿ader for some years which is sl¢adily finding more [8￿0Ur with Givers.
Sumup is dcsigned for small bustnesses and $0 docs not offer Gift Aid recoveries: it charges about
1.20/0 for ils services. However. we are able io claim Gift Aid on individual donations up to £30. and
up to £8.000 tolal od such donations per financial year.
The new GWD card reader. which we received at no Cost to ourselves from the Church of England
Central Office. does offer a Gift Aid service. This is administered by PGS. However. whilst the
costs of the regular. monthly, PGS ￿herne is covered ccntrally by COE. a charge is made on
donations using this machine. The charge is 2.50/0. Thus for a large donalion of, say, £1,000, £25 is
the adminislraiion fee.
I therefore urge people who wish to give large-ish amounts lo give direct to CCC - bank details
below - and not via either card read¢r. Peter Chll'erton will process the gift aid claim for free.
CCC sort code". 40-5240 account number: 00032391 bank: CAF Bank Ltd.
Page 3

4. Personal GiviDg
unrestrieted & noi legacie$
Personal Givin
Per Month
raDge
ular Ilonthlv
To £99
£io(k
£199
£200-
£399
£40(kF
Total
Households
Total
People
(estimate)
December 2011
Household5
Amount
Avera
52
£2,177
£42
19
£2.437
£128
80
£8,114
£101
122
£1.290
£258
£2.210
£552
£66
December 2021
Houscholdb
Amount
Avera
39
£1,612
£41
19
£2.334
£129
14
£4.014
£2R7
75
£9J42
£125
95
£1.382
£460
£98
December 2022
Household8
Amount
Avera
34
£1.216
£36
21
£2.592
£123
70
£8.686
£124
80
£3.078
£280
£1.800
£450
£109
December 2023
Houscholds
Amount
Avera
29
£964
£33
18
£2,255
£125
60
£7,901
£132
78
£2.417
£302
£2.320
£464
£101
Personal Gli'lng: payment routes- total for the vear
ular-monthl
PGS- Parish Givin
Direct lo our bank
Siih-Toial
Irre
ul4r - 'one-offs'
Stewardshi
Sumu - Card Rcadcr
GWD,'PGS Card Reader
Worshi
Service5 - Plate
Other
Siib-Totdl
Total Givin
Gift Aid on above
PGS rc
ular
PGS onc*off
GWD oneryoff
Siewardshi
ift aid
CCC gift aid on Direct. Plate and
Sumu
card reader
Total Gift Aid
Grand Tolal
Scheme
£94.600
£8rK)
£95.400
£1.900
£1.800
£5.300
£5,300
£1.400
£15. 700
£iii,ioo
£20.000
£2.600
£1.300
£100
£l,O(M)
£25,600
£136,700
Page 4

PGS (Parish Giving Schcme) is our main, and preferred. personal income %tream for those thai wish,
and can. give monthly. The gift aid is claimed monthly and quickly forwarded io churches. The
reporting is good and people can remain anonymous tf they so wish. The costs. of ihis scheme is
borne centrally by the COE. One-off donations can be given on-line through PGS and the as.gociated
gift aid is similarly claimed and fonvarded each month- though a process fee is levelled io the local
church. Therefore l encouragc onevoff donations to be made direct to CCC who will claim the gift
aid refund al no cosl.
S. Budget Process
Thc budget process starts in August of cach year. with the Seplember Council meeling considering
the initial draft. It is ihen refined with the objecl of Council signing off the budget by December.
Thc last few years have been a challenge du¢ to the changing circumstances. 2024 looks to be more
settled and thus il is hoped to return to a 3-year forward looking finance plan for 2025. The budgct IS
reviewed each year lo firni the budgel for Ihe following year. whilsl laking nole of longer lerni aims.
10. Accounting Policies and Pr8¢tic
The financial slalemenls hai'e been prepared in accordance with the Church Accounting Regulations
2006 as prescribed by the Busincss Commillcc of ihc Gcncral Synod of thc Churcli of England.
These are similar to those of other denominalions.
General funds represent the funds of the Church Coun¢il that are not subject to any restrtctions
regarding thcir usc and arc availablc for application on thc gcncral purposes of thc Church Council.
Funds designated for a particular purpose by the Church Council are also unrestricted.
The accounts include all transactions. asscls and liabilities for which the Church Council is
responsible in law. They do not include the accounts of Church groups that owe their main a￿]llatIOn
lo anoiher body nor those ihat are infornial gaiherings of Church members.
All fixed a5SCts are fully depreciated in the year of purchase. All consumable items, whether for
hureh use or for re-sale, are accounted for gross ai time of purchase. Income from sales is
recognised when received.
All income is accounted for when received. All expenditure is accounted for when it leaves the
bank.
Consecrated and beneficed propety is excluded from the accovnts by the Charities Act 1993
5.96(2)(a).
No value is placed on movable ¢hur¢h furnTshings held by the churchwardens on special tnjst for the
Church Council and which may require a faculry for disposal since the Church Council considers this
to be inalienablc property. All expenditure incurred during the year on consecraied or bencfice
buildings and moveable church fumishings, whether maintenance or improvemeni, is Nvritten off as
expenditure in the Stalement of Financial Aclivilies, and the Management Accounts.
Items of equipment are written off when the asset is aequircd.
Page 5

Report of the Independent Examiner to the Chrfst Church Chlneham
EcumeniGII Church Coundl - Charity No. 1142640
I report to the trustees on my examination of the accounts of the above charity I'the Trust'l
for the year ended 31 December 2023. whith are set on pages 7 to 11.
R￿ponsIbIlItIeS arKI Basts of the Report
As the char7ty'S trustees. you are resFonsible for the preparation of the accgunts in
accordance with the requirements of the Charities Act 20111.the Acfl.
I report in respect of my examination of the Trusys accounts carried out under 5ettion 145 of
the 2011 Art and in carrying out my examination. I have followed all the applicable Direttion5
given by the Chartty Commission under section 145151Ib) of the ACL
Independent Examlnerfs Statement
I have completed my examination. I confimi that no material matters have corne to my
attentloft In connectlon wlth ihe examlnation which 8iveS Me cause to belleve that In, ary
material respect:
the accounting records were not kept in attordance with section 130 of the Act: or
the accounts do not actord with the accounting records: or
the accounts do not comply with the applicable requirements conceming the form and
content of accounts set out in the Charities (Accounts and Reports) Re8ulatlon$ 2(K)8
other than any requirement that the accounts give a 'true and falrf view whlch is not a
matter considered as part of an independent fAamination.
I have no concerns and have come across no other rnatters in connection with the
exèminètlon to which attention should be drawn in this report in ordef to enable a proper
understanding of the accounts to be reached.
Chrlstlne Holland CPFA
Date: 2 1. 14. X)2Lp
Chrlstlne Holland CPFA
9 Ellerton Close
Theale
Reading
RG75QN
Py6orii

Page7of11
Christ Church Chineham
Statement of Flnancial Activities (SOFA)
For the period 01 January 2023 to 31 December 2023
Charity Regislratlon No. 1142640
2023
Vnrestrlctei Restricted
Funds
Funds
2022
Total
Funds
Resources:
Total
Funds
I￿o￿l￿Re$0￿CeS
Donations & Legacies
Charitable attivities
Investment income
Trading Activities
Other income
Tol•l IrKomry Re50wces
£157,058
£4.823
£1,198
É67,160
El.655
231.894
£0 £157.058 £154,810
£0
£4,823
£1,130
£0
£1.198
£485
£1,274 £68,434 £45,292
£2,805
£4,460
£7,093
£4.079 £235,973
É208.810
Restyxtes Used
Cost ofgeneratingfunds
Charitableactivitie5
Other resources used
Tot¥1 Resour¢e5 Used
£0
É198,716
£15,031
£213.747
£0
£0
£318
£8,631 £207.347 E189,393
É3,928 £ 18,959
£5,833
£12.559 £226.306 £195.544
Net Movement of Funds
Movement between fvnds
Balances blf I january
Balancescl1310ecember
£18.147
£9,667 £13,266
£0
£0 £90,000
£135.399 £12,331 £147,730 £134,464
£153,546
£3,851 £157.397 £147.730
-£8.480
Assets:
CurrentAssets at31st Decembtr
CAF 8ank Main
CAF Bank Lettings
CCLA- Savings
T¢)tslwrrenl assets
2023
£86,180
£39,598
£31.619
£157.397
2022
£54,796
£62,296
£30,638
£147,730
Represented bv:
Parish Fw
Type
2023
£63,546
£50,000
£40,000
£0
£2,700
£i.000
151.3
£IS7.397
2021
£45.399
£50,000
£40,000
£7,881
£3.450
£1,000
General Fund
Reserve Fun(J
Facilities Development Fund- D
Facilities Development Fund- R
youth Fund
Lecturn Fund
Appeal Fund
Totrl Partsh FwKIs
rtstrictecl
reStr￿le&1
Yestrirted
re51ritt¢d
£147,730

Christ Church Chineham
December 2023
Page 8 of 11
COnf￿entIal- lor Church Council only
1. BANK BALANCES
CAFBank Main
CAFBank Lettings
CCLA-Savin85
01.Jan.23
31.Dee.23
£86.180
£39,598
£31.619
£157,397
varlance
£31,383 Qjrrent Account
22.698 Currenl AccLWnt
£982 Savrys Account
£9,667
£54,796
£62,296
£30.638
£147,730
Total
2. FUND BALANCES
31.De¢.23
General Fund
£45.399
£63.546
ReseNe Fund
É50,000
£50,000
FDF-D
£40.000
£40.000
FDF41
£7.881
Éo
Youlh Fund
£3.450
£2,700
D1￿Ce$an> Fees Fund
£0
£0
Leclem Fund
£1.000
£1.000
Appeals Fund (not CCCI
£0
£151
TQTAL unr•ytrlctod funds ￿£135,399 £153.546
TOTAL restricted fund$ 111 £12.33"1
£3,851
TOTAL ALL FUNOS lal£147.730 £157,397
01.Jan.23
varlanc
t5fYKtecl
£18,147
£0
£0
7.881
4750
£0
£0
£151
£18.147
8.480
£9,667
#2
#2
I￿r￿ted
restrided
itrirted
re51YJ¢ted
3. G•neral Fund Overwlèw
GF Expendlture
Being Church #1
Ministry
Admin. Support
#1
8uikJing & Facilities #1
Misspjn Support
Acttwl toye¥r*NI Buds•t20Z3
£32.106
£31,475
£86.206
£87,250
£16.615
£14,234
£64,220
£75.591
£14.600
£14.600
£213.747 £223.150
Varknnce
Bud$et2024
£28,950
£86,935
£20.220
£83,400
£14,000
£233.505
£631
-£1,044
£2,381
-£11.371
£0
9,403
Total
GF Incom•
Giving
Legacies
Tax Refunds
Interest
D￿ces8n Fees
Grants
Lettings
Being Church
£111.109 £120.IXJO
-£8.891
£20.382
£0
£20,382
£25,566
£28,000
-£2.434
£1,198
£500
£698
£54
£0
£54
£1,5C
£0
£1,500
£67,024
£60,000
£7,024
£5,061
£0
£5,061
£231,894 £208,500 £23,394
£110,000
£0
£30,000
£1,300
£100
£0
£70.000
£0
£211,400
GF Totals
£18,147
-£14,650
£32,797
-£22.105
Notes".
#l.. Includes appropriate allocation of payroll
#2.. FDF= Facllittes Dwffl0pff￿f Fund

4. General Fund Expenditure
December 2023
Pdge 9 of 11
A(tsMlyear.
errfl
B￿kne1 2023
V•riaMe
￿￿et2024
EXPENDITURE
Being Church Inet):
Children & families
spa￿le1$
Youth
Flower5
Tuesday Lunches
w￿shIP
Outreach
Pastoral & Weware
Social
Book Sa￿5
Sundiie5
Fees + sub5
#i
£363
£476
£i(xi
£263
Éo
£i.LD)
£iXKK)
£0
£476
-É651
£2Ch)
£IA23
£1fi28
-£1267
-E5cKI
-£2.SCKI
£349
£1,2(K)
£1,423
£2,128
£1.233
£0
£392
£iK
-£500
£2,$
£2SO
£0
£sc
£25CXI
£5CtyJ
£51M)
£ic
£0
-£108
£33
£298
£300
£133
£50
£250
£298
£798
£2.StXI
£8,7fAI
-£1,702
£92
£1,2
£3.950
$￿total
£8.792
Mh*try".
CMF Baptists
CMF Methodists
CMF UAC
CMF WDBF
Oergy expenses
Trainln6
£IA56
£1,460
£1.460
£80,225
£1.238
E367
£86,206
£1.460
£1.4
£1.460
£80220
£650
É2.(
£87,Z50
-£4
£0
£1.460
El,460
É1.460
£80,355
£1,200
£1,000
£B6.935
£0
£5
£588
.£1.633
.£1.044
sul>totsl
Office Consumables
Oliice Equipment
Publitity. WE8 et al
8ank chargès
£2,972
£2.293
£2.141
£120
£7.527
£2KLI)
£i.Ic#J
£2.SCKJ
£0
£5,600
£972
£1,193
-£359
120
£1.927
£4,000
£3,000
£3.500
£120
£10,620
Bullthg & Facll*s:
Routine maintenanct
£6A14
£5869
£19,471
£3.284
É2.650
£37.687
f 14.600
£58.935
£950)
E12,(
£20.CQ)
£6.COJ
£2,5(
£so.tyJ)
£14.6(Kl
£57.1
.£3P86
-£6,131
-£529
-£2.716
£150
£10,000
Éis,000
£22,000
£4.000
£3,000
£54,000
f 14.000
£64.000
Maprmaintenance
ljtilities IHLW+Wastel
Kitchen, cleaning, eic.
Insurance
.£12,313
£0
MISSk￿ Supyt su&tot•l
P4yroll
su&total
£1.935
Total GF Expenditure
£213,747
£223.150
-£9.403
£233.505
Nore5
#l.. unpacked on py3
#2.. CMF pa¥n￿ts mostty front loaled

5. General Fund Income
December 2023
Page 10 ofll
Actt4lthye•r.
Bw*et2023
Varlarte
B￿et2024
INCOME
GNing- Planned GNing
GNtng- Cdlecknons
GwinR- Donaiion5
E95.449
£4W6
EIO.774
£111.109
£ioo.o
£5,5(K)
£4,500
£iiO.LW)O
Sul￿tal•l
£120.0￿)
É28Xf
£0
.£8.891
-£2.434
E20.382
£698
Tax Refunds
£25.566
£20382
£1.198
£y
ÉISCQ
£48,7(K)
£67.024
£30,OC
£0
£1,3C(I
£100
EO
LeB3cie5
lTrte￿$t
D. lees Ixferyed atylel
Grants IGF-restrictedl
s￿￿tal•l
£SL
£0
£0
£1.5L
£20.200
£7.024
£28.
£31,400
70,000
$￿t0¢•I
£60,(
Behy Chwth..
spa￿le
Youth
TuÈsday Lvnthes
£3.072
£0
£1.752
£155
E82
eook Sales
£5,061
£0
£5,061
£0
In¢om•
£231.894
£208,500
£23.>
£211.400

Pa8ellolll
7. Grants received
Thewell
Benches- BDBC
Warm Spaces-
Southern Counties
£400 Spert wder Kitd*h
£600 SK*rt ￿￿tIfie Mt￿. indLths Ii*w ItÈMS
£500 Swnt Vtiliiies
Total
£1.500
. Movement in other Fund5
ISL J•n. 23
£50.000
£40,000
£7,881
£3.450
£0
£1,000
£0
£102,331
IN
OUT
31.De¢.23
£50.000
£40,000
£0
£2,700
£0
£1,000
E151
£93,851
Reserve Fund
FDF-D
FDF4<
Youth Fund
D. Fees
Lecturn Fund
Appea15 Fund (not CCCI
£0
£0
£0
£0
£7.881
£750
£1,274
£0
£2,653
£12,559
#1
#1
Éo
£1.274
£0
£2,805
É4.079
Total
£53.BSJ
9. Appea15 Fund - all donaticms recelved passed on.
ISL hn. 23
IN
OUT
£0.00
£41.65
£41.65
£0.00
É430.00
É430.00
£0.00
£624.41
É624.41
£0.00
£552.79
£552.79
£0.00
£97.00
£97.00
£0.00
£874.76
£907.52
Éo.00
£184.06
£0.00
£0.00 £2.804.67 £2,653.37
31.De¢.23
£0.00
£0.00
£0.00
Éo.00
Éo.00
-£32.76
É184.06
£151.30
Thesafe
Smile Uganda
Macmillan Cancer
Wheels for the World
Trevor leavin8
#3
8DDF
Terracycle
#2
Total Appeals
£151.30
Notes..
#k.. FDF- Faciltties Dtrdopmeni Fund
#2.. ￿ded to the É3K Irovn MisSi¢*n Support
#3.. CCC rounded thls up
M. 8a51ng5toke& Deane Disabllny Fonjm. sorr*GNin8 b*ked in 2024
.. TerraCycle- hdpin8a Chiistian ch*ityto cbst