**Charitable No. 1161307**
## **Christ Church Walkley**
## **Contents**
||**Page**|
|---|---|
|Legal and administrative information|1|
|Trustees’ report (incorporating the Trustees' annual report)|2 – 6|
|Independent examiner's report|7|
|Statement of financial activities|8|
|Balance sheet|9|
|Notes to the accounts|10 - 15|
## **Christ Church Walkley Legal and administrative information For the year to 30 November 2023**
|**Charity number:**|1161307|
|---|---|
|**Principal office:**|Memorial Hall|
||Forbes Road|
||Sheffield|
||S6 2NW|
|**Trustees:**|Mr A R Fehler (Chair)|
||Mr M R Sinclair|
||Ms L Miles|
||Mr C Houghton|
|**Key Staff:**|Mr P Jackson (Pastor)|
|**Independent Examiner:**|Susan Cochrane, FCA, DChA|
||Seven Hills Accountants Limited|
||57 Burton Street|
||Sheffield|
||S6 2HH|
1
**Christ Church Walkley Trustees’ report For the 12 months ended 30 November 2023**
months ended 30 November 2023.
notes to the accounts and comply with the charity’s governing document, the Chari�es Act 2011 and the relevant version of the Statement of Recommended Prac�ce applicable to chari�es preparing their accounts in accordance with the Financial Repor�ng Standard applicable in the UK and Republic of Ireland (FRS 102).
The Trustees listed in the Charity Informa�on sec�on all served throughout the year and con�nue to do so at the point of signing, except as indicated in the charity informa�on.
## **Objects of the charity**
Christ Church Walkley (CCW) was ‘born’ in September 2012, as a result of a partnership with our sister churches, Christ Church Fulwood and Christ Church Central, with the specific vision of sharing the Chris�an Gospel message to those who haven't heard it, and the growing maturity in faith of exis�ng believers in Walkley. On 16 April 2015 CCW became its own Charitable Incorporated Organisa�on. In January 2021, following discussions by the elders and leadership team, we refreshed our vision and values to be�er suit our current loca�on and goals as a church.
Christ Church Walkley exists to **Know God, Reach Others, and Build the Church** . This three-fold purpose is given expression in our seven values as follows:
## **Know God**
We exist to know and glorify God the Father, Son and Holy Spirit, which is humanity’s highest calling and the essence of true and eternal life. We aim to know and glorify God by being a Biblical, Prayerful and Thankful church.
_Biblical_ : The prayerful preaching of the Scriptures is central to our life and mission as God’s people. We believe that all the Scriptures tes�fy to Christ and search them in order to encounter him. We aim to be shaped by the Scriptures in all that we do, and to trust them as our final and ul�mate authority in all ma�ers of belief and behaviour. We want our whole lives to be saturated in the word of God.
_Prayerful_ : Prayer is vital to our rela�onship with God as his people. At the same �me prayer is a thoroughly missional ac�vity. We aim to depend on God through regular, disciplined & spontaneous, corporate & individual prayer.
_Thankful:_ Celebra�on and praise of the God who has richly poured out his grace on us in Christ is the mo�va�on for and the goal of our mission. God calls on us to rejoice in his salva�on in every circumstance.
## **Reach Others**
We exist to proclaim the good news of the Lord Jesus Christ to the world around us. We aim to reach others by being a Community in and for the communi�es around us.
2
**Christ Church Walkley Trustees’ report For the 12 months ended 30 November 2023 (con�nued)**
## **Objects of the charity (con�nued)**
_Community:_ We are commi�ed to loving service of the communi�es around us, taking part in their life and culture through a dis�nc�ve Chris�an presence. We believe that the ul�mate good of all
people is bound up with the gospel of the Lord Jesus Christ, and that this gospel is best proclaimed by a community seeking to live under the gospel’s authority and power.
## **Build the Church**
Our essen�al task is to make and grow disciples of the Lord Jesus Christ, in, through and for the corporate life of God’s church. We want to build a church that is Wide, Broad and Deep.
_Wide (all people):_ The call of the gospel is addressed to and needed by all people. We aim posi�vely to grow by conversion growth rather than by transfer from other churches. We are commi�ed to mul�plying by plan�ng churches and seeking meaningful partnerships with others in Sheffield, the UK, and the rest of the world.
_Broad (all of life):_ his authority and transforming power. Consequently, the life of discipleship is a life of change under the direc�on and authority of Christ through his word and by his Spirit.
_Deep (all of ourselves):_ The life of discipleship involves the en�rety of who we are as people, in all of our dimensions. We aim to be constantly growing like Christ as his word informs our minds, engages our affec�ons and emo�ons, and changes our wills. We will seek therefore to engage with and respond to the gospel with our heads, hearts and hands.
Our Doctrinal DNA comes from the heritage given to us by our two sending churches. CCW is therefore a Chris�an, Evangelical, Reformed and Anglican church. We appreciate and seek to remain faithful to the ancient creeds, to the 39 Ar�cles of Religion, the doctrine of the Prayer Book and to the GAFCON Jerusalem Declara�on.
## **Structure, governance and management**
Christ Church Walkley is a Charitable Incorporated Organisa�on (CIO), incorporated on 16 April 2015. Our Cons�tu�on requires at least three trustees to manage the affairs of the charity in order to further the purposes of CCW. Trustees have the power to appoint new trustees. Currently there are four trustees appointed. All trustees are required to assent annually to the church's statement of belief. The responsibility for the overall strategy, policy, finance and appointments of the charity rest with the trustees, who meet regularly to monitor the ac�vi�es of the charity. There were three mee�ngs held over the year. The church council, which meets monthly, has opera�onal oversight of all the church's ac�vi�es and reports to the trustees. New charity trustees must be appointed by a resolu�on passed at a properly convened mee�ng of the charity trustees. In selec�ng individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed
3
**Christ Church Walkley Trustees’ report For the 12 months ended 30 November 2023 (con�nued)**
Charity Commission and, in par�cular, the specific guidance on chari�es for the advancement of religion.
## **Review of Ac�vi�es**
Associate Pastor, Kenny Larsen. The staff team are also joined by Gareth Wroe, who is on assignment, overseeing families and children’s ministry in a self-funded capacity. We also employ one part-�me administrator who provides support to the church to enable the day-to-day running and in communica�ons and publicity. The focus of church ac�vity remains the sharing of the Chris�an Gospel message to those who haven’t heard it (Gospel growth) and the growing to maturity in faith of exis�ng believers (Chris�an growth).
The church meets every Sunday at 4pm. This remains the main focus of regular ac�vity, together with a monthly church family prayer gathering. Small groups are the building blocks for church family life and these meet most weeks in the homes of church members for bible study, prayer, fellowship and outreach.
## **Achievements and performance:**
We have con�nued to see new people join the church but have also had some individuals move on. Our current membership, therefore, has increased slightly and stands at 61 adults and 42 children. We have an addi�onal 7 adults who are regularly involved in the church family but are not signed up members.
This year has seen church life se�le into normality following the COVID 19 pandemic. Our Sunday gathering remains the focus of fellowship in the week. We are thankful to the many church members who serve to make our Sunday gatherings a reality. The majority of those who a�end the church regularly are also involved in weekly ‘small group’ mee�ngs, which are an opportunity for further fellowship and discipleship. Our regular monthly prayer mee�ng con�nues to meet on a Sunday morning at our church building. We met together as a church family at Christ Church Fulwood for our annual “Day Away.” We spent the day encouraging one another to spend �me in God’s Word.
Our midweek group for mums with toddlers has con�nued to be very popular, and enables members of the church to build rela�onships with those in the local community. A number of men have been involved in midweek football which provides fellowship for those inside the church, as well as connec�ng with those outside the church family.
Our women’s ministry con�nues with our bi-weekly ladies bible study, termly ladies breakfasts and a self-portrait evening. Our men similarly con�nue with men’s breakfasts roughly once a term.
Our families, youth and children’s ministry has con�nued this year, with opportuni�es to provide events for parents where they have �me and space to discuss a par�cular area of paren�ng. We’ve also run “marriage chats” which is specifically for married couples to have an opportunity to discuss areas of marriage. During February half term this year we held a holiday club for kids from our church family and their friends. We have also con�nued to develop our links with local schools,
4
**Christ Church Walkley Trustees’ report For the 12 months ended 30 November 2023 (con�nued)**
## **Achievements and performance (con�nued):**
providing support with an a�er school club and assemblies. Our youth group con�nues to be popular with a weekly group mee�ng, opportuni�es to connect with other church youth groups and an annual weekend away.
We con�nued with our seminar series into January teaching on our doctrinal DNA. Following this we con�nued delivering seminars each month teaching on various topics. These have been popular with our church family as they provide opportuni�es to deliver teaching in a different format.
In December we joined the Warm Spaces scheme and provided a warm space every Wednesday morning for 3 months for church members and those in the local community struggling with the cost of living hea�ng crisis. This was a posi�ve endeavour with various people popping in each week.
We have con�nued to provide opportuni�es for individuals to inves�gate the Chris�an faith, which has included events at Christmas and Easter, a Hope Explored and a 3, 2, 1 Course. In the Autumn term we did a John’s Gospel Giveaway, with church members being encouraged to ask people to “Meet the Word in the Word.”
The leadership team and trustees reviewed our leadership and governance structures. It was agreed that the leadership team would give way to a restructured church council, the new church council star�ng in January 2023 with an opportunity for the church family to vote for two church members to join the council.
The Memorial Hall con�nues to provide a suitable and secure venue for Sunday gatherings and increases opportuni�es for other ac�vi�es as well as stabilising the church's presence in this area, however, we have also recognised some limita�ons with the space which we are considering plans to address. We have appointed an architect and consulted with the church family to develop the space.
## **Partnerships**
We are a member of, and partner with, Anglican Mission in England (AMiE) and have a number of other informal partnerships locally and na�onally. In November this year our Bishop Lee McMunn visited our church family and carried out our first two confirma�ons with young people who wanted to confirm their bap�sms and faith in Christ. We financially offer support to AMiE and others involved in Chris�an ministry, including gi�s to other churches. Giving to others is reviewed every year as part of our budgetary planning.
## **Future Plans**
Plans have been drawn up by our architect to adapt our space, discussions will be taking place in the New Year with regards to financing the building plans.
small groups which comes to an end in the summer 2024. We also hope to further develop our Mercy Ministries and build deeper connec�ons with local chari�es to provide support and resources.
5
## **Christ Church Walkley Trustees’ report For the 12 months ended 30 November 2023 (con�nued)**
## **Financial Review**
(2022: £274,770) which includes free reserves (general funds excluding tangible fixed assets of £54,964 (2022: £60,424). While the Trustees are grateful for this strong founda�on, we also acknowledge the aims included within our future plans outlined above will require investment.
## **Reserve Policy**
The Trustees have a policy of holding free reserves to the value of £20,000 due to the reliance of the charity on uncertain dona�ons. The policy is sufficiently covered by the actual posi�on which is £54,964 at the end of the period (2022: £60,424).
## **Trustees’ Responsibili�es**
a true and fair view of the state of the charity and of its income and expenditure for the year.
We are required to:
1. Select suitable accoun�ng policies and apply them consistently
2. Make judgements and es�mates that are reasonable and prudent
3. State whether the applicable accoun�ng standards have been followed, subject to any material departures disclosed and explained in the accounts.
- the charity will con�nue in business.
We are responsible for keeping proper accoun�ng records which disclose with reasonable accuracy at any �me the financial posi�on of the charity and enable us to ensure that the financial statements comply with the Chari�es Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregulari�es.
## 10/9/24
Approved by the board of Trustees on ______________________ and signed on its behalf by:
_______________________ Mr A R Fehler – Chairman
6
## **Independent examiner’s report to the Trustees of Christ Church Walkley (‘the CIO’)**
I report to the charity Trustees on my examination of the accounts of the CIO for the 12 months ended 30 November 2023.
## **Responsibilities and basis of report**
As the charity trustees of the CIO 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 CIO’s accounts carried out under section 145 of the Act. In carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material 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 as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
Your attention is drawn to the fact that the charity has prepared the accounts (financial statements) in accordance with the relevant version of the 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) 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 been withdrawn. We understand that this has been done in order for the accounts to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: ______________________ Susan Cochrane, FCA, DChA _Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH_
16/09/2024 Date: ______________________
7
## **Christ Church Walkley**
## **Statement of financial activities**
(incorporating the income and expenditure account) **for the year ended 30 November 2023**
|**Notes**
**Income from:**
Donations
Charitable activities - events
Rent of rooms
**Total income**
**Expenditure on:**
Charitable activities
**2**
**Total expenditure**
**Net income/(expenditure)**
Transfers
**15**
**Net movement in funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
109,777
9,075
2,891
121,743
123,273
123,273
**(1,530)**
(270)
**(1,800)**
271,079
**269,279**|**Restricted**
**funds**
**£**
44,885
-
-
44,885
43,245
43,245
**1,640**
270
**1,910**
3,691
**5,601**|**2023**
**Total**
**£**
154,662
9,075
2,891
166,628
166,518
166,518
**110**
-
**110**
274,770
**274,880**|Unrestricted
funds
£
108,210
8,304
2,905
119,419
118,360
118,360
1,059
-
1,059
270,020
271,079|Restricted
funds
£
47,314
-
-
47,314
47,213
47,213
101
-
101
3,590
3,691|2022
Total
£
155,524
8,304
2,905
166,733
165,573
165,573
1,160
-
1,160
273,610
274,770|
|---|---|---|---|---|---|---|
The statement of financial activities includes all gains and losses recognised in the period. All of the charitable company's operations are classed as continuing.
The accompanying accounting policies and notes form an integral part of the financial statements.
8
## **Christ Church Walkley**
## **Balance Sheet As at 30 November 2023**
**----- Start of picture text -----**
2023 2022
Notes £ £
Fixed assets
Tangible assets 8 297,602 303,388
Total fixed assets 297,602 303,388
Current assets
Debtors 9 6,879 28,591
Cash at bank and in hand 56,697 36,358
Total current assets 63,576 64,949
Creditors: amounts falling due within one year 10 (12,403) (10,839)
Net current assets 51,173 54,110
Total assets less current liabilities 348,775 357,498
Creditors: amounts falling due after one year 11 (73,895) (82,728)
Total net assets 274,880 274,770
Represented By
FUNDS
Designated funds 214,315 210,118
General funds 54,964 60,961
Unrestricted funds 12 269,279 271,079
Restricted funds 13 5,601 3,691
Total charity funds 14 274,880 274,770
**----- End of picture text -----**
10/9/24 Approved by the board of trustees on _______________________ and signed on its behalf by:
Print name: Andrew Fehler Mr A R Fehler - Chair
The accompanying accounting policies and notes form an integral part of the financial statements.
9
**Christ Church Walkley Notes to the Accounts for the year ended 30 November 2023**
## **1 Accounting Policies**
## **(a) Basis of preparation**
Christ Church Walkley is a Charitable Incorporated Organisation registered with the Charities commission in England and Wales on 16 April 2015 (registered number: 1161307) The principal address is given in the company information on page 1 of these financial
The accounts (financial statements) have been prepared in accordance with the relevant version of the 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) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice. The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the relevant version of the 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) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The charity meets the definition of a public benefit entity as defined under FRS102. The financial statements are presented in sterling which is the functional currency of the charity.
## **(b) Income**
Income is recognised in the SOFA when the charity has entitlement to the funds, any performance conditions attached to the monies have been met, the receipt of the income is probable and its amount can be reliably measured.
Income received in circumstances where a claim for repayment of tax has been or will be made to HM Revenue & Customs is grossed up for tax recoverable. Any amount of tax recoverable from HM Revenue & Customs but not received at the year end is shown within the charity's debtors.
The charity has relied significantly upon volunteers in carrying out its activities during the year. In accordance with paragraph 6.18 of the SORP, the role of volunteers has not been recognised as income from donated services in the accounts.
## **(c) Expenditure and liabilities**
Expenditure is recognised where an there is a legal or constructive obligation to pay a third party, it is probable that settlement will be required and the amount of the obligation can be reliably measured. All expenditure is reported gross of irrecoverable VAT.
## **(d) Grants payable**
Grants payable are provided for at the earlier of when they are paid or become constructive obligations.
The charity supports mission partners in the UK and around the world. Where a particular mission partner has been supported by the church for a number of years, strict compliance with the Charities' Statement of Recommended Practice (SORP) may regard some arrangements as constituting constructive obligations such that future years' support is accounted for in these accounts as a liability. Whilst the support has no final end date, the trustees assesses mission partner funding on an annual basis and is confident that the mission partners would not view their support as an open ended obligation on the part of the charity. The annual commitment only is accounted for in these financial statements.
## **(e) Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses. Depreciation is provided on all tangible assets at the following rates calculated to write off the cost less estimated residual value, over their useful economic lives:
Freehold buildings Over 25 years Freehold land not depreciated Fixtures and fittings in leasehold property Over the length of the lease Equipment 33% straight line
## **(f) Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **(g) Trade debtors**
Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
10
**Christ Church Walkley Notes to the Accounts - continued for the year ended 30 November 2023**
## **(h) Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **(i) Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **(j) Fund accounting**
Unrestricted funds are donations and other income receivable or generated for the objects of the organisation without further specified purpose and are available as general funds.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds are either donations which the donor has specified are to be solely used for particular areas of the charity's work or grant income sought for specified activities.
## **(k) Taxation**
As a charity, the organisation is exempt from tax on income and gains falling within the available tax exemptions to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
## **(l) Pension obligations**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **(m) Operating lease rentals**
Rentals under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term.
## **(n) Going concern**
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist about the charity's ability to continue. Based on the adequacy of the charity's reserves as at the balance sheet date, along with the knowledge of the charity's ability to meet bills, payments and other liabilities as they fall due, the trustees have a reasonable expectation that the charity has sufficient resources to continue in operational existence for the foreseeable future. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
## **2 Expenditure on charitable activities**
|**Notes**
Staff costs
**5**
Training costs
Total people costs
Outreach costs
Monies granted
**4**
Depreciation
Building costs
Governance costs
Administration costs
Financing costs|**Unrestricted**
**funds**
**£**
79,662
2,283
81,945
5,357
6,300
5,786
12,760
840
6,138
4,147
123,273|**Restricted**
**Funds**
**£**
-
-
-
-
42,445
-
800
-
-
-
43,245|**2023**
**Total**
**£**
79,662
2,283
81,945
5,357
48,745
5,786
13,560
840
6,138
4,147
166,518|Unrestricted
funds
£
76,360
3,126
79,486
4,681
6,813
6,198
6,740
834
10,780
2,828
118,360|Restricted
Funds
£
-
-
-
-
46,333
-
-
-
880
-
47,213|2022
Total
£
76,360
3,126
79,486
4,681
53,146
6,198
6,740
834
11,660
2,828
165,573|
|---|---|---|---|---|---|---|
11
**Christ Church Walkley Notes to the Accounts - continued for the year ended 30 November 2023**
## **3 Fees for examination of accounts**
|Independent examination fees (included in Governance costs)
No other fees were paid to Independent examiner's organisation.|**2023**
£
840|2022
£
834|
|---|---|---|
- **4 Expenditure on charitable activities - monies granted**
|Support for Youth, Children's & Families Worker (see note 14)
AMiE
Bury Church Plant
Other monies granted
Baby Basics
Oughtibridge PCC
Crosslinks
Holy Cross Gleadless Valley|**2023**
**£**
42,345
4,800
1,500
100
-
-
-
-
48,745|2022
£
46,333
3,000
-
-
1,113
100
600
2,000
53,146|
|---|---|---|
**5 Staff costs**
|Salaries
Employer's National Insurance contributions
Employer's allowance
Employer's pension contributions|**2023**
£
74,499
6,410
(4,879)
3,632
79,662|2022
£
71,275
6,330
(4,582)
3,337
76,360|
|---|---|---|
The average number of employees in the year was 3 (2022: 3). No employee received emoluments of more than £60,000 in either year.
## **6 Trustees and Key management personnel remuneration, benefits and expenses**
The charity trustees were not paid or received any other benefits from employment with the charity in the period, neither were they reimbursed expenses during the period. No charity trustee received payment for professional or other services supplied to the charity.
The key management personnel of the charity comprise the Senior Minister. The total employee benefits of the key management personnel were £36,394 (2022: £35,617).
## **7 Related party transactions**
The total amount of donations funded by trustees and connected parties was £7,500 (2022: £6,940) (excluding gift aid).
During the year £4,800 (2022: £3,000) was paid to AMiE of which a member of key staff, P Jackson, is a member of the executive
No other transactions have taken place with related parties during the period, other than those included in note 6.
12
**Christ Church Walkley Notes to the Accounts - continued for the year ended 30 November 2023**
## **8 Tangible fixed assets**
|**Cost**
As at 1 December 2022
Additions
Disposals
As at 30 November 2023
**Depreciation**
As at 1 December 2022
Charge this period
Disposals
**As at 30 November 2023**
**Net book value**
**As at 30 November 2023**
As at 30 November 2022
**Debtors**
Income tax recoverable
Prepayments
Other debtors
**Creditors: amounts falling due within one year**
Accruals
Mortgage repayable within one year
Other loans repayable within one year
**Creditors: amounts falling due in more than one year**
Mortgage repayable in more than one year
Other loans repayable in more than one year
**Financial instruments**
Loans due in one year or less
Loans due in more than one year but not more than five years
Loans due in more than five years
All fixed assets are considered to be for direct charitable purposes.|Property
£
326,722
-
-
326,722
23,870
5,250
-
29,120
297,602
302,852|Equipment
£
2,144
-
-
2,144
1,608
536
-
2,144
-
536
**2023**
£
4,245
2,135
499
6,879
**2023**
£
3,011
4,892
4,500
12,403
**2023**
£
59,270
14,625
73,895
**2023**
£
9,392
38,269
35,626
83,287|Total
£
328,866
-
-
328,866
25,478
5,786
-
31,264
297,602
303,388
2022
£
26,509
1,911
171
28,591
2022
£
834
5,505
4,500
10,839
2022
£
63,603
19,125
82,728
2022
£
10,005
43,636
39,092
92,733|
|---|---|---|---|
- **9 Debtors**
## **10 Creditors: amounts falling due within one year**
- **11 Creditors: amounts falling due in more than one year**
A mortgage, which is secured on the Forbes Road property and has a variable interest rate, was taken out on 9 July 2018 at the point that the building was purchased. All other loans are interest free and none are secured by an express charge on any of the assets of the CIO.
13
**Christ Church Walkley Notes to the Accounts - continued for the year ended 30 November 2023**
## **12 Unrestricted funds**
|**Designated funds**
Property Fund
**General Funds**|b/fwd
£
210,118
210,118
60,961
271,079|Income
£
-
-
121,743
121,743|Expenditure
£
(9,397)
(9,397)
(113,876)
(123,273)|Transfers
£
13,594
13,594
(13,864)
(270)|c/fwd
£
214,315
214,315
54,964
269,279|
|---|---|---|---|---|---|
The designated funds represent amounts set aside by the trustees for specific purposes:
- i) The Property Fund represents the net book value of the properties, and the associated mortgage due. Transfers to the fund represent mortgage and loan repayments funded by free reserves.
|_Prior year comparison_
**_Designated funds_**
_Property Fund_
**_General Funds_**|_Balance_
_b/fwd_
_£_
_205,978_
_205,978_
_64,042_
_270,020_|_Income_
_£_
_-_
_-_
_119,419_
_119,419_|_Expenditure_
_£_
_(8,311)_
_(8,311)_
_(110,049)_
_(118,360)_|_Transfers_
_£_
_12,451_
_12,451_
_(12,451)_
_-_|_Balance_
_c/fwd_
_£_
_210,118_
_210,118_
_60,961_
_271,079_|
|---|---|---|---|---|---|
## **13 Restricted funds**
The restricted funds represent amounts received for specific purposes and the movements in the year are as follows:
|Gifts to support specific campaigns
Children's, Youth & Families Worker
Building fund|Balance
b/fwd
£
-
3,691
-
3,691|Income
£
100
44,255
530
44,885|Expenditure
£
(100)
(42,345)
(800)
(43,245)|Transfers
£
-
-
270
270|Balance
c/fwd
£
-
5,601
-
5,601|
|---|---|---|---|---|---|
- i) Specific gifts to support campaigns - represents gifts received to fund specific campaigns.
- ii) Children's, Youth & Families Worker support represents income received from a number of sources specifically to support the work of an individual, who is on assignment, overseeing families and children's ministry in a self-funded capacity, they are also a member of the church leadership team.
iii) Building fund - specific gifts to contribute towards a construction project.
|_Prior year comparison_
_Gifts to support Gift day campaign_
_Children's, Youth & Families Worker_|_Balance_
_b/fwd_
_£_
_-_
_3,590_
_3,590_|_Income_
_£_
_880_
_46,434_
_47,314_|_Expenditure_
_£_
_(880)_
_(46,333)_
_(47,213)_|_Transfers_
_£_
_-_
_-_
_-_|_Balance_
_c/fwd_
_£_
_-_
_3,691_
_3,691_|
|---|---|---|---|---|---|
14
## **Christ Church Walkley Notes to the Accounts - continued for the year ended 30 November 2023**
## **14 Net assets by fund**
|Tangible fixed assets
Current assets
Creditors: amounts due after one year
Free reserves - general funds excluding tangible fixed assets
_Prior year comparison_
_Tangible fixed assets_
_Current assets_
_Creditors: amounts falling due within one year_
_Creditors: amounts due after one year_
**Transfers between funds**
Designated funds:
Loan repayments financed by free reserves
Restricted funds:
Transfer to support construction project
Creditors: amounts falling due within one year|**General**
**funds**
**£**
-
57,975
(3,011)
-
**54,964**
54,964
_General_
_funds_
_536_
_61,258_
_(834)_
_-_
_60,960_|**Designated**
**funds**
**£**
297,602
-
(9,392)
(73,895)
**214,315**
_Designated_
_funds_
_£_
_302,852_
_-_
_(10,005)_
_(82,728)_
_210,119_|**Restricted**
**2023**
**Funds**
**Total**
**£**
**£**
-
297,602
5,601
63,576
-
(12,403)
-
(73,895)
**5,601**
**274,880**
_Restricted_
2022
_Funds_
_Total_
_£_
_£_
_-_
_303,388_
_3,691_
_64,949_
_-_
_(10,839)_
_-_
_(82,728)_
_3,691_
_274,770_
**£**
**£**
(13,594)
(270)
(13,864)
**Transfers to/(from)**
**the general fund**|
|---|---|---|---|
## **15 Transfers between funds**
15