C A M B 14 l D G E Christ Church Cambridge (Christ Church with St Andrew the Less Cambridge) ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Chvl$tChur¢h cambdè Cambridge CBI IHT 01223 750450 office@cccam.org.uk www.cccam.org.uk Reglsrered Charky number 1151611
CHRIST CHURCH WITH ST ANDREWTHE LESS CAMBRIDGE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Contents Pago$ Parochial Church Council's Annual Report Independent Ex8minerfs Report statement of Finan31 Aclivilios Balance Sheet Stslemenl of Cash Flows Note$ lo the financial stslemenls 8-12 Principal Address Christ Church Cambridge Christchurch Street Cambridge CBI 1HT Princlpal Bank•rs 25 Kings Hill Avenue Kings Hill Wesl Malling Kent ME19 4JQ Barclays Bank p 28 Chesterton Road CambTidge C84 3AZ Independent Examln•r N J Hedger BFP, CTA, FCA Chaler Allan LLP 7 Quy Court Collier8 Lane Slow-cum-Quy CB25 9AU
CHRIST CHURCH WITH ST ANDREW THE LESS CAMBRIDGE PAROCHIAL CHURCH COUNCIL'S ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Background The Churchwardens and Parochial Church Council IPCCI of Christ Church with Sl Andrew the Less Cambridge have the responsibility of co-operating with the Incumbent, The Rev'd David Todd, in promoting in the ecclesiastical Parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for Christ Church Cambridge. On 1 Augusl 2023 the ehurch of Sl Andrew Ihe Less (also known as 'The Abbey Church'l, being the parish church of Sl Andrew the Less Cambridge, was declared closed for regular worship by Ely Diocese. The church of Christ Church became the parish church from that dale with the parish being renamed Christ Church with Sl AndW the Less Cambridge. All liability for building expenses for the Abbey Church passed lo Ely diocese on 1 August 2023. The parochlal church council is a registered charity, charity number 1151611. Membershlp The members of the PCC are either ex-officio or elected at Ihe Annual Parochial Church Meeting (May) in Accordance with the ChurGh Represenlalron Rules. During the year and the lime at which these accounts were approved the following setwed as members of the PCC.. Minister. The Rev'd David Todd {Chairmanl Assistant Ministers.. The Rev'd Steve Midgley The Rev'd Niv Lobo (from September 20231 The Rev'd Rachel Browning The Rev'd Michael Nicholson Wardens.. Dr Matthew Burton Ivice-chairman from May 20231 Miss Sarah Hamilton (appointed May 2023) RepresentatAves on the Deanery Synod.. Dr Katherine Burton (resigned May 20231 Mr Vern Farewell lappoinled May 20231 Dr Brendan Bromwich Mrs Rachel Bruins Mr Basil Jackson (resigned May 20231 Mrs Emily Green lappoinled May 20231 Mr Shu Sam Chen Ireappoinled May 20231 Mr Anthony Dent Ireappoinled May 20231 Mrs Linda Dennis (reappointed May 20231 Ms Kaly Barker Mrs Annelle Harraway Dr Kevin Holmes Mrs Laura Kilson Mr Zika Muwowo Dr Paul Roberts Mrs Bente Sivertsen-wright Mr Leon Waldock Elected Members.. Secretary.. Treasurgr.. Mr Anthony Dent Mrs Tarita Smallwood lin attendance only) At the first PCC meetsng following election, new members, duties and responsibilities were explained by the Chairm8n.
CHRIST CHURCH WITH ST ANDREW THE LESS CAMBRIDGE PAROCHIAL CHURCH COUNCIL'S ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Committee8 The PCC operates through a number of committees, which meet beeen fLtII meetings of the PCC. Finance and Stsnding Commi1È8e.' This committee. required by law, has the power to transact the business of the PCC between ils meetings. subject lo any directions given by the Council. It oversees the general financial dimension of the work of Christ Church by monitoring income and expenditure, budgeting and coordinating Gift Days when they occur. The F&S oversees an Informal working group known as the Works Committee who allend lo mallers conceming Ihe stewardship of all buildings used by the church. The F&S are also responsible for all employment-lelaled mallers. Mission Support Group.. Coordinates the use of a budget provided by the PCC for the support of Mission work inside and outside the UK. Safeguarding.. Acts as a support and 'crilical friend, to the Parish Safeguarding Officer in carrying out the role,. oversees and supports the implementation of safeguarding polioy and practi al Christ Church,. ensures that Christ Church meets its safeguarding commitments as OLJllined in the Church of England policy Promoting a Saf8r Church 120171. Church Attendance Al the 2023 APCM there were 29212022.. 2901 names on the electoral roll. A lolal reviston of the electoral roll was carried out in 2019. The next tolal revision is due in 2025. The average Sunday allendance during 2023 was 340 adults and 91 chlidren 12022.. 355 adults and 72 children}. Revlew of tho Yoar 2023 saw the appointment of a new Senior Assoicate Minister, Niv Lobo, in September. Niv will be working closely with David, supporting him in leading the church and managing the staff team. Through our Sunday services, prayer meetings, small groups, 'Connecl' events, and staff team we have sought to care well for people and help newcomers settle well into the church family. We have also been thankful lo God for the many opportunities we've had to share the good news of the gospel through various courses, evangelistic events, our children's Easter holiday club, and a range of carol services and Christmas events. We rejoi that we h8ve 8 heavenly father who has done everything to meet our greatest need. through the death and resurrection of his son the Lord Jesus Christ. Our income is predominantly gerieraled from regular giving (mainly through standing orders), one-off donations and grants. As individual households experience rising costs due lo economic pressures Ilhe 'cosl-of-living crisis,), some of our church family have inevitably had lo reduce their monthly giving. However some have found themselves in a position of being abEe lo give more, for which we are extremely thankful for. This has resulted in donation income increasing lo £729k12022.. £629kl. This figure was also boosted by additional gift-aid being reclaimed for previous years following an atjdil of all our gift-aid forms and idenlificalion of some individuals. giving that had not had gift-aid claimed on it. Income from group activities is skewed by the Church Weekend Away ticket sales amounting to £42k. Thi5 resulted in overall income from our activities showing an increase lo £64k {2022.' £23kl. Honorariums for the year dropped as these were primarily the result of speaking events allended by Steve Midgley - however as he only works 1.5 days per week now this income has decreased. Wilh Steve primarily working for Biblical Counselling UK now, Christ Church no longer receives a grant from that charity to reflect the time Steve was spending on activitie5 connected with biblical counselling. Finally, Christ Church no longer received property lelling income as we ended leasing a house for ministry trainees.
CHRIST CHURCH WITH ST ANDREW THE LESS CAMBRIDGE PAROCHIAL CHURCH COUNCIL'S ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Our greatest area of expenditure is staff remuneration and accommodation. This increased lo £492k12022'. £461 kl with a full year of Fiona Bourne and Louis Chan's salaries, plus 4 months of Niv Lobo. Cost of activities were much higher, but as result of the costs of the Church Weekend Away, again aboLJt £42k. Building eosts were higher in 2023 al £92k12022.. £63kl due lo another sharp increase in utility bills, consumables and extensive repairs undertaken on the masonry of the church building. Administration costs were signficanuy higher than last year as a result of depreciation of the new AV system which was purchased al Ihe end of 2022. Our overall position al year-end was a deficit of £30k12022.. deficit of £32k). Total reslricled, designated and unreslricled reserves al the year-end redUd to £373k12022'. £403kl. The unreslricled reserve reduced lo £349k12022.' £376kl. The level of unrestricted reserves is considered sufficient to support the ongoing activities of the Church. Financial details are discussed with the PCC and the Finance and Standing Committee each lime they meet. We are thankful for all those Ihal give to God's work in this way. Pollcy on Reserves The PCC does not aim to build up signiftcant free reserves, rather it aims to spend the18rge majority of income received each year on gospel purposes, The PCC is commilled lo fi'nding the best use of existing reserves that would further the charitable aims of the church and during 2022 approved the recruitment of a new Senior Assoicate Minister to strengthen the pastoral leadership- this position was filled in the summer of 2023. These reserves will ensure sufficient funding is in place for the coming 3 years whilst regular income increases sufficiently to meet the on-going costs. 11 was our policy to have free reserves of at least £129k in 2023 {being month's of lolal expenditure). Total free reserves al year-end weie £349k. Public Benefit The PCC has considered the Charity Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular the PCC try to enable ordinary people to live out their faith as part of the local community through.. Worship and prayer," learning about the gospel,. and developing their knoedge and trust in Jesus Christ. Provision of pastoral care for people living in the local community. Missionary and outreach work. Rlsk Management The major risks lo which the PCC is exposed have been identified. revWed and systems established to manage those risks. Plans for Future Perlods The PCC intend to continue their main aim of promob'ng the gospel in Cambridge. On behalf of the PCC Rev'd David Todd Chairman Date..
CHRIST CHURCH WITH ST ANDREW THE LESS CAMBRIDGE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRIST CHURCH WITH ST ANDREW THE LES8 CAMBRIDGE I report lo the charity trustees on my examinats'on ol the accounts ol the Charity for the year eThJed 31 Dèc8mbèi 2023. RESPONSIBILITIES AND BASIS OF REPORT As the Charity's trustees you are responsib lor the preparation ol the accounts in aceor(Jance th the r8quirèmènlg of the Charities Aet 2011 I'the Act'i. I report in respect of my exarnination of th8 charity's accounts carrd out under se¢lion 145 of the Act and in carrying out my examiTr8b'on I have followed all the applicabb Directions given by the Charity Commission under section 145151(bl of the Act. INDEPENDENT EXAMINERS STATEMENT Since th* charity's gr05s income 8xc88d8d £250.OCQ your examiner rnust be a rnernber of a body listed in section 145 01 the Act. I confirm that l am qualified to undértake the èxamination b8cau58 1 a m8mb8r of Th8 Institute of Chartered Aecountanls in England and Wale5 I have Compted my exatnin8lion. I confirm th8t no matgri81 matters have come to my attention in connection with the examination giving me cause to believe that in any material resptrct". 1. accounts.ng records w8re not kept in respect of th8 charity as required by 8e¢lion 130 of the Act.. or 2 the 8ccounl$ do not a¢cord with those records.. or 3. the accounts do not Comply with thè applicable requirèm8nts conc8rning th8 ft>rm and content of 8ccounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any quirement that thè accounts give 'true and fair v, is not a matter cOnsered as part of an ind8p8nd8nt 8X8min8lion. I have no concerns and have come across no other matlers in connection with the examination to bvhi¢h 8ltenlion should be drawn in this rèport in ordor to enab a proper understanding of the accounts to be 8¢hed. N J Hedger BFP, GTA. FCA 7 Quy Court Colliers Lane Slow-cum-Quy CB25 9AU 09 April 2024 Date..
CHRIST CHURCH WITH ST ANDREW THE LESS CAMBRIDGE STATEMENT OF FINANCIAL ACTIVITIES Ilncofporating the Income and Expenditure Accounti FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Designated Re8trict8d Fund8 Fund8 Fund6 Total 2023 Total 2022 Note Income from: Donations and legatte8 Charitsble activity Advancefflent ol the Chii51ian gospel Other Investments 21al 728.720 728.720 628,516 21bl 21cl 21dl 65,431 1,945 686 65,431 1,945 5A,731 3,268 359 Total Income 796,782 796,782 688,874 Expendlture on.. Charitab18 activity Advancement ol the Christian gospel 827,089 827,089 721,039 Total Expendlture 827,089 827,089 721.039 Net IncornellEndilUffjl 130,3071 130,3071 132.1651 Transfer Belween Funds Transfer Itol I from Designated Funds Transfer Itol I from Restricted Funds 10 116,9351 21,099 16,935 121,0991 Ngt Movement Fund8 Fund Balaneos bllwd at l January 126,1431 375,570 16,935 6,231 121,0991 21,099 130,3071 402,900 132.1651 435.065 Fund Balancès elfwd at 31 December 349,427 23,166 372.593 402.900 Income arKI expenditu Is derived solely from continuing operations
CHRIST CHURCH WITH ST ANDREW THE LESS CAMBRIDGE BALANCE SHEFT AS AT 31 f*E¢EMBER 2023 2023 2022 Noio FIXED ASSETS Tangib Fixed Ass&ts 31,370 45.331 CURRENT ASSETS O&blors Cash al 88rt and In HaTh 48.323 234,074 3B2.397 58.351 345.208 403.559 CURRÉNT LIABILITIES Credilors Due Wilhin One Year 41.174 45.990 NET CLIRRENT ASSETS 341.223 357,569 TOTAL ASSETS LESS CURRENT LIABILITIES 372.593 402.900 NET ASSETS 372.593 402.900 FUNDS Unre81rkièd FuiKIs 349,427 23,166 375,670 6.231 21.099 Deslgnaied Funds Reslrlcled Funds 11 Approved by lh8 Parochlal Church Council on. nd 8iyned on ils b8h8lf by-. Rev'd Davld Todj Ichalrmanl Mrs Tanla n4100d (Treasurer)
HRIST CHURCH WITH ST ANDREW THE LESS CAMBRIDGE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Noio Ci$h flows from OPeTatlng actlvltles Nel cash provided byllused Inl operating aetivlies 14 18,2131 28,398 ¢a$h flow6 from inv•Jtlthg &¢tlvltlo8 Inloresl re1Ve Purchase of langibk fixed assets Ntrt cash provldod byllused In) Invè8tlng ¥ctlvltlo9 686 3.607 49.139 12.9211 146.7801 Change In cash and cash equlvalents In the roportlng perlod 15 Calh and ta$h equlv•lents at the bo91nlng of the reportlnB period 345.2Q8 365.5 Cash and c8sh equlvaleDts at the end of the rAPOrtlng p•rlod 334,074 245.208
CHRI5TcURCN 5T ANDREWThELÈsSCMIB3E OTESTOTHE FINANCIALSTATEMENTS FOR THÈVEAR ENDÈD JI OECEMBER20t3 1 $TA1ÈklEMY QFAcceup4TIMUPOUCIES 7h• Ilmncial ilalfjfftoDM PFepEid uhtlw tha inoiy as rtofinBd by FFS IOZ Tro 1 slBIBfflBnls hav¥ btten prepaiod in Ènd by S1nI Rocomm£ndÈd F1c+ ÉPPlitaN• lo ch•119 prqpaDn9tlw4ccounls In ¥rcoid3ntÉ wllh Flnan&al Meport9 SldPrd BpplIe In UK and Rrypubli¢of lielanalssued iTrOrtober2019. Its FinBntsBI Popothn9 si&ndAIO IM RaPbt of l(Éland IFRS 1021. Chant3 AGI 2011, ComrM8S Ad . UK c?¥¥ ba Ihè that Ihe (¥)rM ¥pmwiio A& tsy ÈuTfthnl io tsugNie5 Fund fthepcc FWdsdg&4nal1fOTapartLtslpu bythp PCCaAlÉ0uff1lsIrf r0¥ IS rewd. r•th¥ l&Pee Exp•ndlluM IhF¢1rFKwTh ISatcta&forthfr pay4bk AnyguO¥ paId Él31 tknxmbiribproilded ThpFccvppth•adesrfa1UOnPnts &rh8rn8wthNEST C19{1I&Xh8¥•adiQPStakperrtty1F•AtwtrÈln th0di0%khlhBY[91I1p fIxe15 ConwitsiÈdandbttnfrficed pmpeMy15exdUdEdfr gc¢ouThtsbyS$813H8idin8Ch4iliesALI 1993 1¥ptOnO&aWCIrchlVnIsn95h¢l Wallnl Ithe PCC re¢uèÉ lat11¥ thwsal Ihe PCC 07D5idetstkis lobll wwtrty 1 EXPlIu[V irtLwr&d ifraran r8¢¢ated0r0VnthO lswrt11qnoff a5 FXPBndll 3ypw54ralLthir LENslnlland Hlrt As&g1& h r¥pll4liEBd ?1 the fftBÈnl oT1hw lea50p1wneD of1hp or Éss&t ton¢. i rocfjwigod ID Slatem Fitt#1 owr Iho perfod pf Ibp ao AS Its Pn)duté d Cr1 oTch8r9E un1hp oflh yyménls tland of the itrnl ¢f 80 is ip prod p ronKFsnl 1¢ of on rèPA¥18ts&lr Arnount&wn9WlhB PC¢A131 tMtèmb#rln M$ptIo&. 3&dÈbWSs%prothknl0r1mountgtytw $MMtérm Int4thalb*
tHRffjTCHURCHwifH ST ANOREWTHELESg ¢AMBRIDGE NOTESTOTIIE FINANcif4L5TATEMENTS FOR TME YEARENDED 21 DECEklBEP 102] 2 IN¢OME Unrtcted Deslpnited FundÉ Fund RgglrfFt Fund YOlFNdS 2023 2Q2Z (•) DoMtl¢nvind StsThAwOFdei¥ on&GNIa TBX REthind 572.odl )7.19D 118486 72e. $73.D14 37.1 510,7 29,2Z1 88595 7•720 53.642 22.605 pmyL8r Q1$ 65131 .731 1¢> OlhEr 1.945 Idl Inveslmpnl 68$ 35 Tol11 oBe.874 J ÈXPÈNDThURE R*slrftt•d Fund PdI 23 2Q22 ChprftsblE4¢tfvMy 30.950 4D8 PAIsJThl 65.251 85.251 Ibl DItcot8 492,373 67.657 72.910 11.QB3 e3.55J J7.J78 ,313 17.033 IinlÈitySh 31.559 Y56.248 7S6.248 1¢> $upportCosis p1$1¢1 FO¢9 3.014 1.586 910 5.4 5.J90 1.58 960 5.59D Yot•l 827089 82Y.089 4 STAfFCO$YS 23 2022 331.001 305.449 18.000 SOrJ?ISEcVeDStr P8nEKnCo#g 36557 358.ob KryM4nu9EmEnlpEr¥vnnel
CHRI$TCXURCH WITH$T At4DREWTmÈLÈS$ChA8ftGÉ N07E5TOTHE FINA14CL4LSTATEklEN7S FOR THEYEAR EIIDED J1 OECEMbER201J 6 FIXEDASSET5 FORU5EBYTHEPCC l)Mce Athl01 E9r To181 Giag$okValup A%411 Jinuary202J 3.624 5.6D7 eo.571 51,495 3.807 A84131 Dueth2023 5810 AB411 Jènuy2lY2J Chargpknyo 3,634 5.YQ 16K67 17. As4131 Dxemb¥2Q23 NolknkValuB A&4131 D•th[2023 2.7 266E4 1370 NelBwkV#luè At31 Og¢embgt2Q2 451 Thqfod$sèl¥Uts PCC41e¥11Od[I•Pu11os O DEBTORS 2022 DÈN GrtAdRocov4r8b 0¢1 DÉ1S PFOp9yls4ndAC[Ugd 646 42.645 2.629 48 J SB351 7 CREDITeR$'. 22 26.&4 $,(7 14.729 S.670 25.691 4$.99) OUWIT•ts9 9ndstyiiise¢4K AccmaL%and DefeThedtrKo b DEFERREDINCOME 1023 2022 4.014 InEÉdÉdtrÉrl pÈrts AmunI5151o Incorneftoffl • IJNRESTClÉ0FUDs pcc n•riS Tot41 B419n¢+4t i J4nrY20J 375.570 746.782 1827,OBg1 37S57Q 798.782 I7.89} ÈxpUra 21.090 21.099 349427 Dprpmbgi2023 10 DES¥ATEDFuTrl$ Fund Fund Tot41 ealEnce1 nuarY 2023 231 s14 16.935 23166 TbpRgp4ir&ar ¢RldlAdknn th&th&n01trisrt. andthla¥edprob*
¢Pl$TuRfjHTH ST ANDREYITHE LESSCAMBRIDtsE NO7ESTO7HE FINANcL STAIEMEbSTS FOR THE YEARENDEOJI DÉCEÈft 242J 11 RESTRICTEDFUI4DS Tot41 l JArnry?0 21.tr39 21.099 21.DB9 s4&&131 Decvmbfjr2023 lh• t1Yearlhe PCCIIMediWhlh&ChBrty Commpssmjn wwfoTlSiSlngluS almelth&ofino4ppo¥. In¢pt¢l¥thVI¢hÈfrfAl CQn6EquWlyitv4p54WEFdlU(plp8selheSptsQS1DY?E1alTe5ee5. 12 AP1ALYs OFNET ASSEfsÈEWIEEN FUt4D$ ithslrk D4slw4i•d trt R•4lAci•d i¢tai zfj 31,370 341.223 NetCvtrWIA44¢ Pde#l¢ 23 1e6 231 349427 IJ AMALYSI$ OFGRAt4fS Al9rants thbiÉsbgkM. F41$7nS1ts, MWIÉI, I¢loftyPCCylhIMl$5UpVGrOUpIl5CI Q4rtso1£28.300 wfrg p4idto hdusr£3S.9s1 iolrMdudi. onK&r1nL 33,5>) Tho Kon4yT1U StcknhivlAth•GD¥mird&tySUpwTriJs 4.QDD 2.500 2.SOD 3,OOD 2.500 70D UCCF $lJ$Otr Pa slus, 91ipRuskn TftyE SOD 40D 14 RECOlLIan040FNETIcoMRTQMEIC5FLOwFR0Pl OPERAllNGAC7MME5 102J Zts22 PWDX% Adiu3tsDpnlsfor. D&prÈtla1rQ Oeufas{ICwe8Sel deLIois trodrtN& Iltt¢aih provldodby lu#•d If)011¥*4¢ 17.568 10.028 34.912 28398 1$ A14ALYS150F CASHANDCASTrIEQUWALENTB 2021 CASHFLOW Coihalbankgndkn 334,074 315.208 334.OY4 11,134 345.20
CHRisfcHuRCH ¥VITh ST APIDREWTHE LESS¢ABR1DtsE tIOTESTOTHE FINANCIAL STATEMENTS FOR THEYEAR ENDEOSI DÈCÉMBER23 1$ RELATEOPARVIES pay. p&acoMjtrDn5a&hVutolhPy4go1t1J,061 In2023 RÉ¢hg1 Br¢191$ onwfftlQlw608sArFsJlolherkc0gV)OW$h. swptFdwdhaLLyllLthTrO1 l8xBbpty. e)nc0nbtonSad ofÈ47.612 In2D23 RaEnellsitsoA LOI1 Gaswi Mhstrysupwty5tArknh 1cÈ9kstrQmknÉ pccoI£4.OmiTh2023 Èt1s thÈappTo¥aI371Llif9r11llpGDspVln1s1rysUPFDrt7s1 IpK4bbpoy. pe(9bubO5Und9toeValeirfEs4.&7TlTr2o2l Flv LobDIB4poxoftv>truyle4 asa[Ul10(licenSlrOIDvwh p8TrgIonconrnuUon&dtsknvalolE23.4th 2023 IY COAIPARATWES FOR THESTATEMENTOF Fhyf4NCIALACTMTIES UM4s1Mcd Oérjwaié Fu Rotstri Trdal DllnaUOadl@& 62451 628.516 AdvanEornoThtLth0Chtsags ou1r 731 J.2e8 S59 5E.F31 Tol11 Incom• 6BBB74 Exgindliuraon.. 721.039 T0111 Expend*u 721.039 721.039 32.1> Tran&forBÉhiÉÈn PL& Tr4hW¢rllQllfmDE¥i4TrBkdFuDd Tr4n5f0FllollfroMRqs1d Fund& 2S.348 12S.3481 N•tm0mIfitlnVUnd 25.34e 32.16$