DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **Charity Registration No. 1148672** ## **CHRIST CHURCH, CREEKMOOR** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|J E Audibert| |---|---| ||J R Audibert| ||D Washbrook| ||E Chipchase| ||J King| ||S Williams| ||M Bossom| ||N Pouton| ||J Barras| ||S Barrett| ||J Blake| ||P Blake| ||S Keen| ||K Shelton| ||L Stuart| ||H Tucker| ||S Vaughan| ||M Bird| ||S Pouton| ||A Warr| ||B Wood| |**Charity number**|1148672| |**Independent examiner**|Hill Osborne| ||Tower House| ||Parkstone Road| ||Poole| ||Dorset| ||BH15 2JH| DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **Draft Financial Statements CHRIST CHURCH, CREEKMOOR** ## **CONTENTS** ## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ||**Page**| |---|---| |Trustees' report|1 - 7| |Independent examiner's report|8| |Statement of financial activities|9 - 10| |Balance sheet|11| |Notes to the financial statements|12 - 26| DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **TRUSTEES REPORT** ## **FOR THE YEAR ENDED 31 DECEMBER 2023** ## **Trustees’ Annual Report for the period** **FOR THE YEAR ENDED 31 DECEMBER 2023** **Charity name: CHRIST CHURCH, CREEKMOOR** ## **Charity registration number: 1148672** ## **Objectives and Activities** ||SORP
reference|| |---|---|---| |Summary of the
purposes of the
charity as set out in its
governing document|Para
1.17|Christ Church Creekmoor is the Church at the heart of Creekmoor aiming to
love God through Christian worship, raising up disciples of all ages to love &
to serve. We aim to love our neighbours by serving our community
unconditionally, providing activities and facilities, accessible & available to all,
supporting children, families, young people, older people & vulnerable adults
through the Church Community Hub.| |Summary of the main
activities in relation to
those purposes for the
public benefit, in
particular, the
activities, projects or
services identified in
the accounts.|Para
1.17 and
1.19|We provide a Community Hub for the local area as well as providing pastoral
care and the usual functions associated with a Church.
The Community Hub hosts activities run in partnership with Community
agencies and GPs including a daily Community Café – ‘The Hub Café’ (with
volunteering opportunities); Children, family, and youth groups; dementia-
friendly groups (with volunteering opportunities) to bring together those who
feel lonely and isolated and to support those who care for others; room hire
for the Community and local businesses.| |||| |Statement confirming
whether the trustees
have had regard to the
guidance issued by the
Charity Commission on
public benefit|Para
1.18|When planning our activities for the year, the incumbent and the PCC have
considered the Commission’s guidance on public benefit and, in particular,
the specific guidance on charities for the advancement of religion. In
particular, we try to enable everyone to live out their faith as part of our parish
community.| |||| ||SORP ref|| |Policy on grant
making|Para 1.38|Not applicable| |Policy on social
investment including
program related
investment|Para 1.38|Not applicable| |Contribution made by
volunteers|Para 1.38|At Christ Church we believe in every member ministry therefore as many
people as possible are encouraged to support the ministry of the church in a
voluntary capacity.
We have 44 volunteers from an Electoral Roll of 126 plus 11 members from
the Community volunteering at‘The Hub Café’.| 1 DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **Draft Financial Statements** ## **CHRIST CHURCH, CREEKMOOR** ## **TRUSTEES REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **Achievements and Performance** ||SORP
ref||| |---|---|---|---| |Summary of
the main
achievemen
ts of the
charity,
identifying
the
difference
the charity’s
work has
made to the
circumstanc
es of its
beneficiarie
s and any
wider
benefits to
society as a
whole.|Para
1.20||Christ Church is an Anglican church with an ecumenical welcome where everyone is
welcome regardless of their beliefs. Please refer to our social media link at
https://linktr.ee/cccreekmooror to
www.christchurchcreekmoor.orgfor details of our current services and activities.
We are very grateful to the external funders who have financially supported Christ Church
Creekmoor and the Community Hub for Creekmoor in 2023 including the McCarthy Stone
Foundation
**Worship and prayer**
We are keen to offer a range of services on Sunday and during the week and over the course
of the year that our church family and community find both beneficial and spiritually fulfilling.
Sunday Worship pattern
•
9am Breakfast Church suitable for busy families
•
10.30am service suitable for all and live streamed
At the Annual Parochial Church Meeting (APCM) in April 2023 there were 126 parishioners
on the Electoral Roll (age 16 and over), 37 of whom are not resident within the parish.
The average weekly attendance of different individuals on a Sunday, counted in October
2023 was 76 adults (16 years and older) plus 11 young people. In addition we had an
average of 6 people engaging via our online platforms each week.
Our Christmas services/activities in 2023 consisted of: -
•
Christmas Café with 200 visitors
•
Carols at Christmas lunch and Prama Memory Lane group
•
Carol service
•
Christmas Assembly at Hillbourne School
•
Christmas Eve Family service
•
Midnight Communion
•
Christmas Day Holy Communion
As well as our regular services, we enable our community to celebrate and thank God at the
milestones of the journey through life. Through baptism we thank God for the gift of life, in
marriage public vows are exchanged with God’s blessing and through funeral services
friends and family express their grief and give thanks for the life which is now complete in
this world and to commend the person into God's keeping. During 2023 we celebrated 7
baptisms, one service of thanksgiving for the birth of a child, 5 Confirmations and no
weddings. Three funerals were held, one funeral in church and 2 at the Crematorium 2023.
Midweek Worship and Prayer
We recognise the importance of people coming together to pray throughout the week as
well as a Sunday, gathering for Holy Communion on Tuesdays and Prayer on Thursdays.
As families and young people often have other claims on their time on a Sunday, we provide
additional weekday ‘Fresh Expressions’ for their worship. Christ Church provides 5 ‘Fresh
Expressions’ groups for Families with babies and toddlers, for children and young people of
all ages and for older and vulnerable adults.
When the weekday Fresh Expressions are included, the weekly average attendance
increased in October 2023 to an average of 85 adults (16 years and older) plus 24 young
people.| 2 DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **TRUSTEES REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ Over half of the Church Membership is part of weekly hub groups which enable the spiritual growth of the members equipping them to reach out to the people they meet in their daily lives. The total number of people of all ages with which Christ Church had regular contact as part of its ministry in 2023 was 1351 including 703 children and young people. This number is significantly higher than the previous year due to the increased demand for support for Children and families. A high number of families and young children are supported by our Children, family and youth team. Deanery Synod Three members of the PCC sit on the Deanery Synod. This provides the PCC with an important link between the parish and the wider structures of the church. **Pastoral Care** |We have a team of 16 Lay Pastoral Assistants who are available to give pastoral support to|We have a team of 16 Lay Pastoral Assistants who are available to give pastoral support to| |---|---| |those in|the Church family and community. The Minister or Associate Minister takes Home| |Communion to any who request it.|| |**Mission, outreach and community support.**|| |We serve our community unconditionally with the following activities run from the Community|| |Hub: -|| |•|‘The Hub Café’ daily Community Café| |•|2gether Table – a cosy space in the café for friendly chat| |•|TK Club after Schools club (Fresh Expressions)| |•|Ignite Youth group (Fresh Expressions)| |•|Childminders drop in session| |•|PlayZone parent/carer and toddler group with Christian input (Fresh Expressions)| |•|Chatterbox parent/carer and toddler group| |•|Two Under Ones groups for vulnerable Mums| |•|Creative Expressions Craft group with ‘Thought for the week’ (Fresh Expressions)| |•|Book Group| |•|Community Room Hire providing additional activities including Pilates, children’s| ||dance, Slimming World| |•|Prama Memory Lane group run in partnership with the Church| The Church website www.christchurchcreekmoor.org, Instagram and Facebook page are key methods of communication to the Church family and community alike. A weekly newsletter is also emailed out with paper copies available on Sunday. We are looking forward to offering further Community support as vision and resources permit. 3 DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **TRUSTEES REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **Financial Review** |Review of the
charity’s financial
position at the
end of the period|Para
1.21|£94,901 was spent to provide for the Christian Ministry to the parish including a total
of £43,324 for the parish share paid to the Diocese.This provides for the stipends,
housing, and pensions of the clergy.Income exceeded Expenditure in our
Unrestricted Account (General Funds) by £6,209 leaving a surplus of £13,350 in
Unrestricted fund for the year. These funds are ‘ear marked’ to pay an outstanding
bill.
At the suggestion of Archdeacon Antony MacRow-Wood, part of the funding used for
the recent building extension was a £300,000 unsecured loan, repayable over 20
years from the Methodist Chapel Aid (MCA). As at 31/12/23 this has £232,000
capital to be repaid. This loan was approved at the Parochial Church Council (PCC)
meetings of 10/01/2019 and 10/10/2019 and supported by the Salisbury Diocese
Board of Finance.
The PCC is updated at each meeting re the overall building funding situation
including the loan. Repayments for the loan are forecast to come from regular giving
specifically for the loan by Church members, fundraising events and income from
hiring out the additional church spaces.
Archdeacon Antony MacRow-Wood confirms that our priority is to repay the loan, if
necessary to the detriment of our monthly contribution to the Salisbury Diocese for
the cost of Mission and Ministry in Creekmoor, ensuring that the loan repayments
can continue.| |---|---|---| |Statement
explaining the
policy for holding
reserves stating
why they are
held|Para
1.22|As at the end of 2023 it was PCC policy to maintain £14,000 reserves reflecting one
month’s general running costs plus one month of our contribution to the Salisbury
Diocese for the cost of Mission and Ministry in Creekmoor.| |Amount of
reserves held|Para
1.22|£14,000| |Reasons for
holding zero
reserves|Para
1.22|N/A| |Details of fund
materially in
deficit|Para
1.24|| |Explanation of
any uncertainties
about the charity
continuing as a
going concern|Para
1.23|Not applicable| ## **Structure, Governance and Management** |Description of charity’s trusts:|Description of charity’s trusts:|Description of charity’s trusts:| |---|---|---| |Type of
governing
document
(trust deed, royal
charter)|Para
1.25|As per Church of England website:
‘Whilst Parochial Church Councils (PCCs) are charities, they are governed by two
pieces of Church of England legislation, called Measures. The Parochial Church
Councils (Powers) Measure 1956 as amended.
The**Church Representation Rules**(contained in Schedule 3 to the Synodical
Government Measure 1969 as amended).‘| |How is the
charity
constituted?|Para
1.25|Parochial Church Council| 4 DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **TRUSTEES REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ |Trustee
selection
methods
including details
of any
constitutional
provisions e.g.
election to post
or name of any
person or body
entitled to
appoint one or
more trustees|Para
1.25||The method of appointment of PCC members is set out in the Church Representation
Rules. At Christ Church the membership of the PCC consists of the incumbent, an
Associate Minister, Curate, 2 Churchwardens, the Licenced Lay Minister and 9
members elected at the Annual Parochial Church Meeting. All who consider Christ
Church to be their church and attend services are encouraged to register on the
Electoral Roll and stand for election to the PCC. The PCC members are responsible for
making decisions on all matters of general concern and importance to the parish
including deciding on how the funds of the PCC are to be spent.
The full PCC met 6 times during 2023.
Standing Committee
Required by law, this committee has the power to transact the business of the PCC
between its meetings, subject to any directions given by the Council.
Finance Team
Meets 6 times per year to monitor and review our finances and plan for the future.
Administrative information
Christ Church, Creekmoor is situated on Northmead Drive, Poole. It is part of the
Diocese of Salisbury within the Church of England. The correspondence address is
Christ Church, Northmead Drive, Creekmoor, Poole, BH17 7XZ
The PCC is a body corporate (PCC Powers Measure 1956, Church Representation
Rules 2006) and is charity registered with the Charity Commission.
The PCC members who served during the year from the APCM on 23 April 2023 are
listed below.
Ministers
The Revd Janice Audibert
The Revd Jean Audibert (Associate Minister)
The Revd Wendy Poole (retired Permission To Officiate)
The Revd Daniel Washbrook
Licensed Lay Minister- Shirley Williams (PtO)
Churchwardens until 2023 APCM Churchwardens after 2023 APCM
Jackie Barras Margaret Bossom
Nigel Pouton Nigel Pouton
Anglican Deanery Synod RepsEdward Chipchase Shirley Williams Jane King| |---|---|---|---| ||||| ## **Reference and Administrative details** |Charity name|Christ Church Creekmoor| |---|---| |Other name the charity uses|| |Registered charity number|1148672| |Charity’s principal address|Christ Church, Northmead Drive, Creekmoor, Poole, BH17 7XZ| 5 DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **TRUSTEES REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ **Names of the charity trustees who manage the charity January – December 2023** |**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---| |Janice Audibert|Vicar||Parochial Church Council| |Jean Audibert|Associate Vicar||| |Daniel Washbrook|Curate||| |Edward Chipchase|Deanery Synod|From 23/04/2023|| |Jane King|Deanery Synod||| |Shirley Williams|Deanery Synod||| |Margaret Bossom|Churchwarden||| |Nigel Pouton|Churchwarden||| |Jackie Barras|Councillor||| |Simon Barrett|Councillor||| |Thomas Barrett|Councillor|Resigned 31/08/2023|| |Jane Blake|Councillor|From 21/09/2023|| |Phil Blake|Councillor||| |Sharon Keen|Councillor||| |Neil Patterson|Councillor|Resigned 23/04/2023|| |Keith Shelton|Councillor|From 23/04/2023|| |Lisa Stuart|Councillor|From 23/04/2023|| |Helen Tucker|Councillor||| |Shelma Vaughn|Councillor|From 23/04/2023|| |Sue Pouton|Ex-Officio Treasurer||| |Beverley Wood|Ex-Officio
PCC Secretary||| |Michelle Bird|LeadershipCo-opted||| |AnthonyBossom|LeadershipCo-opted||| |Anne-Marie
Newman|Leadership Co-opted|From 16/11/2023|| |Annette Warr|Leadership Co-opted||| 6 DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **TRUSTEES REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Keith Shelton **Position (eg Secretary, Chair,** Lay Chair **etc) Date** 17/4/2024 7 DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRIST CHURCH, CREEKMOOR** I report to the trustees on my examination of the financial statements of Christ Church, Creekmoor (the charity) for the year ended 31 December 2023. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 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 financial statements do not accord with those records; or - 3 the financial statements 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 financial statements to be reached. ## **L. Ball FCA Hill Osborne Chartered Accountants** Tower House Parkstone Road Poole BH15 2JH 18/4/2024 Dated: ......................... - 8 - DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ |||**Unrestricted Unrestricted**|**Unrestricted Unrestricted**|**Restricted**|**Total**|**Unrestricted Unrestricted**|**Unrestricted Unrestricted**|**Restricted**|**Total**| |---|---|---|---|---|---|---|---|---|---| |||**funds**|**funds**|**funds**||**funds**|**funds**|**funds**|| |||**general **|**designated**|||**general **|**designated**||| |||**2023**|**2023**|**2023**|**2023**|**2022**|**2022**|**2022**|**2022**| ||**Notes**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**| |**Income from:**|||||||||| |Donations and legacies|**3**|95,807|2,349|106,484|204,640|83,905|3,804|117,356|205,065| |Other trading activities|**4**|10,751|59,632|5,902|76,285|9,207|41,997|54,101|105,305| |Investments|**5**|839|-|1,238|2,077|958|192|5|1,155| |**Total income**||107,397|61,981|113,624|283,002|94,070|45,993|171,462|311,525| |**Expenditure on:**|||||||||| |Raising funds|**6**|49,038|71,082|30,203|150,323|48,953|55,028|89,534|193,515| |Charitable activities|**7**|43,566|1,875|54,960|100,401|35,039|802|68,469|104,310| |Other expenditure|**10**|2,297|2|14|2,313|2,403|6,903|8,915|18,221| |Total expenditure||94,901|72,959|85,177|253,037|86,395|62,733|166,918|316,046| |Net gains/(losses) on investments|**11**|-|-|26|26|-|-|(84)|(84)| |**Net income/(expenditure)**||12,496|(10,978)|28,473|29,991|7,675|(16,740)|4,544|(4,605)| |Transfers between funds||(6,287)|5,869|418|-|(4,947)|3,941|1,006|-| |**Net movement in funds**||6,209|(5,109)|28,891|29,991|2,728|(12,799)|5,466|(4,605)| |**Reconciliation of funds:**|||||||||| |Fund balances at 1 January 2023||7,321|36,867|(200,806)|(156,618)|4,593|49,666|(206,272)|(152,013)| - 9 - DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ||||||**Unrestricted**|**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Unrestricted**|**Restricted**|**Total**| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||**funds**|**funds**|**funds**||**funds**|**funds**|**funds**|| ||||||**general **|**designated**|||**general **|**designated**||| ||||||**2023**|**2023**|**2023**|**2023**|**2022**|**2022**|**2022**|**2022**| |||||**Notes**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**| |**Fund balances at**|**31**|**December**|**2023**||13,530|31,758|(171,915)|(126,627)|7,321|36,867|(200,806)|(156,618)| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 10 - DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **BALANCE SHEET** ## _**AS AT 31 DECEMBER 2023**_ |**Notes**
**Current assets**
Debtors
**13**
Investments
**14**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**16**
Net current assets
**Creditors: amounts falling due after**
**more than one year**
**17**
**Net liabilities**
**The funds of the charity**
Restricted income funds
**19**
Unrestricted funds - general
Unrestricted funds - designated
**20**|**2023**
**£**
**£**
3,002
-
105,297
108,299
17,926
90,373
(217,000)
(126,627)
(171,915)
13,530
31,758
(126,627)|**2022**
**£**
**£**
3,002
632
88,472
92,106
17,724
74,382
(231,000)
(156,618)
(200,806)
7,321
36,867
(156,618)| |---|---|---| 17/4/2024 The financial statements were approved by the trustees on ......................... .............................. K Shelton **Trustee** - 11 - DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **1 Accounting policies** ## **Charity information** Christ Church, Creekmoor is a registered charity which operates under the Parochial Church Council Powers Measure. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "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 charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements 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 Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Donations receivable for the general purposes of the charity are credited to unrestricted funds. Donations for purposes restricted by the wishes of the donor are taken to Restricted funds. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Funds from activities are accounted for in the period the funds were receivable. The majority of the funds are derived from funds raising activities and hire of the church premises and halls. - 12 - DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **1 Accounting policies** ## **(Continued)** ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. Expenditure is accounted for on an accruals basis. ## **1.6 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.7 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. - 13 - DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **1 Accounting policies** ## **(Continued)** ## **1.8 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.9 Fixed assets** Consecrated land and buildings: Moveable church furnishings Consecrated and beneficed property is excluded form the accounts by section 10 of the Charities Act 2011. No value is placed on moveable church furnishings held by the Churchwardens on special trust for the P.C.C. and which require a faculty for disposal since the P.C.C. considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities and separately disclosed. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. - 14 - DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **3 Income from donations and legacies** |**Unrestricted Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general designated**
**2023**
**2023**
**2023**
**£**
**£**
**£**
Donations and gifts
95,807
2,349
106,484
**Donations and gifts**
Gift Aid donations
53,592
-
21,370
Tax recovered
16,867
10
8,761
Non Gift Aid donations
17,933
1,293
12,493
From Congregation
3,891
46
-
Gift day
1,564
-
62
Gift Aid donations - envelopes
1,960
-
70
Grants
-
1,000
49,419
Gifts and donations to loan payment
-
-
14,309
95,807
2,349
106,484|**Total**
**Unrestricted Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general designated**
**2023**
**2022**
**2022**
**2022**
**£**
**£**
**£**
**£**
204,640
83,905
3,804
117,356
74,962
44,473
240
9,450
25,638
13,402
-
4,548
31,719
16,848
991
1,500
3,937
3,092
49
-
1,626
3,795
-
341
2,030
2,295
-
-
50,419
-
2,524
68,440
14,309
-
-
33,077
204,640
83,905
3,804
117,356|**Total**
**2022**
**£**
205,065| |---|---|---| |||54,163
17,950
19,339
3,141
4,136
2,295
70,964
33,077| |||205,065| - 15 - DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **4 Income from other trading activities** |**Unrestricted Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general designated**
**2023**
**2023**
**2023**
**£**
**£**
**£**
Little Oaks pre school
-
-
-
Hall income
10,150
-
-
Fundraising
601
-
5,902
Cafe sales
-
58,919
-
Fees
-
713
-
Other
-
-
-
Charitable activities
10,751
59,632
5,902|**Total**
**Unrestricted Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general designated**
**2023**
**2022**
**2022**
**2022**
**£**
**£**
**£**
**£**
-
-
-
47,641
10,150
8,259
-
-
6,503
749
-
4,628
58,919
164
40,254
-
713
-
472
-
-
35
1,271
1,832
76,285
9,207
41,997
54,101|**Total**
**2022**
**£**
47,641
8,259
5,377
40,418
472
3,138| |---|---|---| |||105,305| ## **5 Income from investments** |**Unrestricted Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general designated**
**2023**
**2023**
**2023**
**£**
**£**
**£**
CBF Deposit Interest
-
-
1,238
Bank interest
839
-
-
839
-
1,238|**Total**
**Unrestricted Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general designated**
**2023**
**2022**
**2022**
**2022**
**£**
**£**
**£**
**£**
1,238
-
192
5
839
958
-
-
2,077
958
192
5|**Total**
**2022**
**£**
197
958| |---|---|---| |||1,155| - 16 - DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **6 Raising funds** |**Unrestricted Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2023**
**2023**
**2023**
**£**
**£**
**£**
Expenditure on raising funds
Charitable Giving - Mission Giving
-
4,100
436
Ministry - Salisbury Diocese
43,324
-
-
Ministry - Church of England fees
-
550
-
Ministry - Others
1,096
-
-
Little Oaks - Salaries
-
-
-
Little Oaks - Running costs
-
-
-
Grants payable
63
760
-
Discipleship
1,719
24
1,211
Children and Youth
754
-
23,929
Evangelism and Outreach
1,043
65,499
4,661
Fellowship
1,039
149
(34)
49,038
71,082
30,203
**For the year ended 31 December 2022**
48,953
55,028
89,534|**Total**
**2023**
**£**
4,536
43,324
550
1,096
-
-
823
2,954
24,683
71,203
1,154
150,323|Total
2022
£
12,650
44,715
189
613
37,224
18,620
772
2,802
21,758
52,354
1,818| |---|---|---| |||193,515| |||193,515| - 17 - DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **7 Charitable activities** ## **Unrestricted Unrestricted** |Fabric Repairs & renewals
Fabric - Room to grow
Heat, Light and services
Insurance
General repairs and renewals
Worship
Admin Salaries
Office and computer
Loan interest payable
For the year ended 31 December 2022
Unrestricted funds - general
Unrestricted funds - designated
Restricted funds|**funds**
**funds**
**Restricted**
**general designated**
**funds**
**2023**
**2023**
**2023**
**£**
**£**
**£**
8,153
1,655
1,497
-
-
-
12,141
-
12,250
2,055
-
-
3,184
220
-
1,572
-
185
9,627
-
26,244
6,834
-
3,221
-
-
11,563
43,566
1,875
54,960
35,039
802
68,469
104,310|**Total**
**2023**
**£**
11,305
-
24,391
2,055
3,404
1,757
35,871
10,055
11,563
100,401|**Total**
**2022**
**£**
9,650
32,657
2,727
1,933
3,637
1,645
34,051
9,542
8,468| |---|---|---|---| ||||104,310| ||||**35,039**
**802**
**68,469**| ||||**104,310**| - 18 - DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **8 Trustees** Four of the trustees were paid salaries totalling £72,395 (2022: £26,343) during the year. The remuneration was not in connection with their role as a trustee. The employers social security costs in respect of salaries paid to trustees totalled £4,969 (2022: £1,184). The charity made £1,154 (2022: £306) of contributions to the pension plan on behalf of the trustees. Expenses paid to Trustees in the year totalled £2,330. These expenses were in respect of 6 Trustees and consisted of travel expenses (£396), phone expenses (£959), conference expenses (£150), hospitality (£600) and supervision (£225). ## **9 Employees** The average monthly number of employees during the year was: Christ Church - 8 (2022: 7) Little Oaks pre school - 0 (2022: 5) |**Employment costs**
Wages and salaries
Other pension costs|**2023**
**£**
105,349
1,404
106,753|**2022**
**£**
70,252
1,022| |---|---|---| |||71,274| - 19 - DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **10 Other expenditure** |**Unrestricted Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general designated**
**2023**
**2023**
**2023**
**£**
**£**
**£**
Independent Examination
1,746
-
-
Professional and other
551
2
14
2,297
2
14|**Total**
**Unrestricted Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general designated**
**2023**
**2022**
**2022**
**2022**
**£**
**£**
**£**
**£**
1,746
1,680
-
-
567
723
6,903
8,915
2,313
2,403
6,903
8,915|**Total**
**2022**
**£**
1,680
16,541| |---|---|---| |||18,221| - 20 - DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **11 Net gains/(losses) on investments** ||**Restricted**|Restricted| |---|---|---| ||**funds**|funds| ||**2023**|2022| ||**£**|£| |Revaluation of investments|-|(84)| |Gain/(loss) on sale of investments|26|-| ||26|(84)| ## **12 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. |**13**|**Debtors**|||| |---|---|---|---|---| |||**2023**|**2022**|| ||**Amounts falling due within one year:**|**£**|**£**|| ||Other debtors|3,002|3,002|| |**14**|**Current asset investments**|||| |||**2023**|**2022**|| |||**£**|**£**|| ||Unlisted investments|-|632|| |**15**|**Loans and overdrafts**|||| |||**2023**|**2022**|| |||**£**|**£**|| ||Bank loans|232,000|246,000|| ||Payable within one year|15,000|15,000|| ||Payable after one year|217,000|231,000|| ||Amounts included above which fall due after five years:|||| ||Payable by instalments|(176,000)|(191,000)|| The bank loan is repayable over a 20 year term by 6-monthly instalments. The interest rate on the loan as at 31 December 2023 is 5.65%. - 21 - DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ |**16**
**Creditors: amounts falling due within one year**
**Notes**
Bank loans
**15**
Other taxation and social security
Accruals and deferred income
**17**
**Creditors: amounts falling due after more than one year**
**Notes**
Bank loans
**15**|**2023**
**£**
15,000
1,180
1,746
17,926
**2023**
**£**
217,000|**2022**
**£**
15,000
1,044
1,680| |---|---|---| |||17,724| |||**2022**
**£**
231,000| ## **18 Retirement benefit schemes** The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. - 22 - DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **19 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. ||**At 1 January**|**Incoming**|**Resources**|**Transfers**|**Gains and**|**At 31**| |---|---|---|---|---|---|---| ||**2023**|**resources**|**expended**||**losses**|**December**| |||||||**2023**| ||**£**|**£**|**£**|**£**|**£**|**£**| |ADMIN -||||||| |Minister Asst.||||||| |Salary &||||||| |Expenses|1,347|-|(1,711)|900|-|536| |CHIWRK -||||||| |Childrens||||||| |worker salary|1,069|2,000|(4,661)|3,900|-|2,308| |CHYTHPA -||||||| |Childrens/Touth||||||| |pastoral assist.|6,180|33,200|(25,991)|-|-|13,389| |DIS -||||||| |Discretionary|208|775|(84)|163|-|1,062| |LORES - Little||||||| |Oaks reserves|4,792|-|-|-|-|4,792| |OVERSEAS -||||||| |Overseas||||||| |missions|2,270|2,650|(2,121)|-|-|2,799| |OWS -||||||| |Outreach||||||| |worker salaries|49|70|-|-|-|119| |RESERVES -||||||| |Original building||||||| |fund/CC rese|(245,669)|-|-|13,433|-|(232,236)| |SPECIAL -||||||| |Fund for special||||||| |purposes|20,325|44,607|(18,918)|(22,302)|-|23,712| |Unrealised||||||| |gains / (losses)||||||| |movement|279|-|-|-|26|305| |OPSMGR -||||||| |Operations||||||| |Manager|6,996|5,000|(20,186)|17,100|-|8,910| |BUILDING -||||||| |Building loan||||||| |repayment|1,348|25,322|(11,505)|(12,776)|-|2,389| ||(200,806)|113,624|(85,177)|418|26|(171,915)| - 23 - DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ |**19**|**Restricted funds**||||||**(Continued)**| |---|---|---|---|---|---|---|---| ||**Previous year:**|**At 1 January**|**Incoming**|**Resources**|**Transfers**|**Gains and**|**At 31**| |||**2022**|**resources**|**expended**||**losses**|**December**| ||||||||**2022**| |||**£**|**£**|**£**|**£**|**£**|**£**| ||ADMIN -||||||| ||Minister Asst.||||||| ||Salary &||||||| ||Expenses|1,015|140|(1,647)|1,839|-|1,347| ||CHIWRK -||||||| ||Childrens||||||| ||worker salary|493|1,050|(4,526)|4,052|-|1,069| ||CHYTHPA -||||||| ||Childrens/Touth||||||| ||pastoral assist.|22,760|6,050|(22,630)|-|-|6,180| ||DIS -||||||| ||Discretionary|421|-|(213)|-|-|208| ||LORES - Little||||||| ||Oaks reserves|5,000|1,892|(6,892)|-|-|-| ||OVERSEAS -||||||| ||Overseas||||||| ||missions|6,084|2,709|(6,523)|-|-|2,270| ||OWS -||||||| ||Outreach||||||| ||worker salaries|21|75|(47)|-|-|49| ||RESERVES -||||||| ||Original building||||||| ||fund/CC rese|(277,541)|34,205|(37,333)|35,000|-|(245,669)| ||SPECIAL -||||||| ||Fund for special||||||| ||purposes|8,993|20,188|(2,965)|(5,891)|-|20,325| ||Little Oaks||||||| ||reserves|13,082|47,640|(55,846)|-|(84)|4,792| ||Unrealised||||||| ||gains / (losses)||||||| ||movement|279|-|-|-|-|279| ||OPSMGR -||||||| ||Operations||||||| ||Manager|8,905|17,900|(19,809)|-|-|6,996| ||BUILDING -||||||| ||Building loan||||||| ||repayment|4,216|39,613|(8,487)|(33,994)|-|1,348| |||(206,272)|171,462|(166,918)|1,006|(84)|(200,806)| - 24 - DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **20 Unrestricted funds - designated** These are unrestricted funds which are material to the charity's activities. ||**At 1 January**|**Incoming**|**Resources**|**Transfers**|**At 31**| |---|---|---|---|---|---| ||**2023**|**resources**|**expended**||**December**| ||||||**2023**| ||**£**|**£**|**£**|**£**|**£**| |ALPHA - Alpha courses|162|-|(162)|-|-| |CC - Cafe connect|17,874|60,068|(67,925)|512|10,529| |DCIPLE - Dciple Men's Group|92|121|(94)|-|119| |FEES - Occasional fees|128|713|(550)|(291)|-| |FLOURISH - Womens ministry|8|142|(22)|-|128| |LPA - Deanery LPA|439|155|(59)|(60)|475| |OPENDOOR - Open door|||||| |group|3,480|85|(4,100)|5,708|5,173| |PARGIV - Mission giving CCC|||||| |cont.|1|-|(1)|-|-| |PZ - Play zone|383|697|(46)|-|1,034| |RESGEN - General reserves|14,300|-|-|-|14,300| ||36,867|61,981|(72,959)|5,869|31,758| |**Previous year:**|**At 1 January**|**Incoming**|**Resources**|**Transfers**|**At 31**| ||**2022**|**resources**|**expended**||**December**| ||||||**2022**| ||**£**|**£**|**£**|**£**|**£**| |ALPHA - Alpha courses|162|-|-|-|162| |CC - Cafe connect|23,595|43,198|(49,049)|130|17,874| |DCIPLE - Dciple Men's Group|157|90|(155)|-|92| |FEES - Occasional fees|-|317|(189)|-|128| |FLOURISH - Womens ministry|8|-|-|-|8| |LPA - Deanery LPA|467|-|(28)|-|439| |OPENDOOR - Open door|||||| |group|53|-|-|(53)|-| |PARGIV - Mission giving CCC|||||| |cont.|4,615|150|(6,149)|4,864|3,480| |PZ - Playzone|1|-|-|-|1| |OUTREACH - Outreach|608|775|-|(1,000)|383| |RESGEN - General reserves|20,000|1,463|(7,163)||14,300| ||49,666|45,993|(62,733)|3,941|36,867| - 25 - DocuSign Envelope ID: 270B99D6-221F-4FE6-9652-B7975B08F0B8 ## **CHRIST CHURCH, CREEKMOOR** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **21 Analysis of net assets between funds** ||**Unrestricted**|**Unrestricted**|**Restricted**|**Total**| |---|---|---|---|---| ||**funds**|**funds**|**funds**|| ||**general**|**designated**||| ||**2023**|**2023**|**2023**|**2023**| ||**£**|**£**|**£**|**£**| |**Fund balances at 31 December 2023 are represented by:**||||| |Current assets/(liabilities)|13,530|31,758|45,085|90,373| |Long term liabilities|-|-|(217,000)|(217,000)| ||13,530|31,758|(171,915)|(126,627)| ||**Unrestricted**|**Unrestricted**|**Restricted**|**Total**| ||**funds**|**funds**|**funds**|| ||**general**|**designated**||| ||**2022**|**2022**|**2022**|**2022**| ||**£**|**£**|**£**|**£**| |**Fund balances at 31 December 2022 are represented by:**||||| |Current assets/(liabilities)|7,321|36,867|30,194|74,382| |Long term liabilities|-|-|(231,000)|(231,000)| ||7,321|36,867|(200,806)|(156,618)| ## **22 Related party transactions** ## **Transactions with related parties** The details of related party transactions that have taken place during the year are set out in note 8 and note 9. - 26 -