i! ual Report & A¢coun For the year to 30Th1ovember 2024 Charitable No. 116 07 Christ Church
Christ Church Walkley Contents Page Legal and administrative information Trustees. report {incorporating the Trustees, annual report) Independent examiner's report Statement of financial activities Balance sheet io Notes to the accounts 11-16
Christ Church Walkley Legal and administrative information For the year to 30 November 2024 Charity number: 1161307 Principal office: Memorial Hall Forbes Road Sheffield 56 2NW Trustees: MrA R Fehler {Chair) Mr M R Sinclair Ms L K Miles Mr C Houghton Mrs N Lsandell Appointed 02112/2024 Key Staff: Mr P Jackson (Pastor) Accountants: Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH
Christ Church Walkley Trustees, report For the year ended 30 November 2024 The Trustees have pleasure in submitting their annual report and the financial statements for the year ended 30 November 2024. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and 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 IFRS 102}. The Trustees listed in the Charity Information section all served throughout the year and continue to do so at the point of signing, except as indicated in the charity information. 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 Christian Gospel message to those who haven't heard it, and the growing maturity in faith of existing believers in Walkley. On 16 April 2015 CCW became its own Charitable Incorporated Organisation. In January 2021, following discussions by the elders and leadership team, we refreshed our vision and values to better suit our current location 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 testify 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 ultimate authority in all matters of belief and behaviour. We want our whole lives to be saturated in the word of God. Prayerful: Prayer is vital to our relationship with God as his people. At the same time prayer is a thoroughly missional activity. We aim to depend on God through regular, disciplined & spontaneous, corporate & individual prayer. Thankful.. Celebration and praise of the God who has richly poured out his grace on us in Christ is the motivation for and the goal of our mission. God calls on us to rejoice in his salvation 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 communities around us.
Christ Church Walkley Trustees, report For the year ended 30 November 2024 (continued) Objects of the charity (continued) Community.. We are committed to loving service of the communities around us, taking part in their life and culture through a distinctive Christian presence. We believe that the ultimate 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 essential 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 positively to grow by conversion growth rather than by transfer from other churches. We are committed to multiplying by planting churches and seeking meaningful partnerships with others in Sheffield, the UK, and the rest of the world. Broad (all of life).. The Lordship of Jesus Christ extends over all areas of life. Nothing is off limits from his authority and transforming power. Consequently, the life of discipleship is a life of change under the direction and authority of Christ through his word and by his Spirit. Deep (oll of ourselves).. The life of discipleship involves the entirety 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 affections and emotions, 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 Christian, Evangelical, Reformed and Anglican church. We appreciate and seek to remain faithful to the ancient creeds, to the 39 Arhcles of Religion, the doctrine of the Prayer Book and to the GAFCON Jerusalem Declaration. Structurep governance and management Christ Church Walkley is a Charitable Incorporated Organisation ICIOI, incorporated on 16 April 2015. Our Constitution requires at leastthree trusteesto 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 five trustees appointed. All trustees are required to assent annually to the church's statement of belief. The responsibility for the overall strdtegy, policy, finance and appointments of the charity rest with the trustees, who meet regularly to monitor the actbvities of the charity. There were three meetings held over the year. The church council, which meets monthly, has operational oversight of all the church's activities and reports to the trustees. New charity trustees must be appointed by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
Christ Church Walkley Trustees, report For the year ended 30 November 2024 (continued) Structure, governance and management (continued) th The trustees agreed on the 10 Sept 2024 to invite Nicky Sandell to join the trustee board. She joined on 2. Dec 2024. In planning the activities, the Trustees have had regard to the guidance on public benefit issued by the Charity Commission and, in particular, the specitic guidance on charities for the advancement of religion. Review of Activities During the financial period the church was led by the pastor, Pete Jackson, ably supported by our Associate Pastor, Kenny Larsen. The staff team are also joined by Gareth Wroe, who is on assignment until August 2024, overseeing families and children's ministry in a self-funded capacity. We also employ one part-time administrator who provides support to the church to enable the day-to-day running and in communications and publicity. The focus of church activity remains the sharing of the Christian Gospel message to those who haven't heard it {Gospel growth) and the growing to maturity in faith of existing believers (Christian growth). The church meets every Sunday at 4pm. This remains the main ft)cus of regular activity, 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 continued to see new people on Sundays with some joining our weekly small groups. We have had a few people over the year exploring Christianity through various courses and bible reading. Our current membership stands at 61 adults and 43 children. We have an additional 13 adults who are regularly involved in the church family but are not signed up members. 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 attend the church regularly are also involved in weekly 'small group, meetings, which are an opportunity for further fellowship and discipleship. Our regular monthly prayer meeting continues 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 thinking about being "Different, because of Jesus." Our midweek group for parents with toddlers has continued to be very popular and enables members of the church to build relationships with those in the local community. A number of men have been involved in mid-week football which provides fellowship for those inside the church as well as connecting with those outside the church family. We have also started a monthly 'Dad Club, with a few Dads from church meeting on a Saturday morning. This has provided an opportunity to build relationships and to get to know local men. Our women's ministry continues with our bi-weekly ladies. bible study. This year we have had two ladies, walks which have given us an opportunity to spend time getting to know one another better, particularly the newer members of the church. Our men have also met for a men's breakfast once this year.
Christ Church Walkley Trustees, report For the year ended 30 November 2024 (continued) Achievements and performance (continued): Our families, youth and children's ministry has continued this year, with opportunities to provide events for parents where they have time and space to discuss a particular area of parenting. We've also run "marriage chats" for married couples. During the Easter holidays this year we held a holiday club for kids, from our church family and their friends. We have also continued to develop our links with local schools, providing support with an after-school club and assemblies. Our youth group continues to be popular with a weekly group meeting, opportunities to connect with other church youth groups and an annual weekend away. As part of a greater focus on the traditional church calendar this year we ran a mid-week Lent series on the Song of Songs. In other terms we complemented the mid-week small groups with our monthly seminars on Church and Government lin the summer) and on aspects of the doctrine of sin {in Autumn). These have been popular with our church family as they provide opportunities to deliver teaching in a different format. We have continued to provide opportunities for individuals to investigate the Christian faith, which has included events at Christmas and Easter, a Hope Explored and a '321, course. In the Autumn term we did a John's Gospel Giveaway project, with church members being encouraged to ask people to "Meet the Word in the Word." Our small groups were reshuffled in September which has worked well and given opportunities for developing new relationships. Our Mercy Ministries team has also been formed, with partnerships growing with 3 local charities. Additionally, we have sought to strengthen the relationships we have with our mission partners, regularly praying for them on a Sunday and during prayer meetings. In October the church council agreed to the addition of a fourth mission partner. The Memorial Hall continues to provide a suitable and secure venue for Sunday gatherings and increases opportunities for other activities as well as stabilising the church's presence in this area. However, we have also recognised some limitations with the space which we are considering plans to address. Partnerships We are a member of, and partner with, Anglican Mission in England {AMiE} and have a number of other informal partnerships locally and nationally. We financially offer support to AMIE and others involved in Christian ministry, including gifts to other churches. Giving to others is reviewed every year as part of our budgetary planning. Future Plans We have appointed an architect and consulted with the church family to develop our building, the Memorial Hall. Plans have been drawn up by our architect to adapt the space, which we have shared with the church family who have pledged to give towards the project. We are now seeking to raise further funds from external sources. Our youth have an opportunity to serve one of our mercy ministry charities in the New Year. We plan to continue growing and strengthening our relationship with local charities over the coming year with a plan to support each charity at points through the year.
Christ Church Walkley Trustees, report For the year ended 30 November 2024 (continued) Future Plans (continued) We are involved in the "Marriage Matters" conference in March, this will be the tirst time this conference runs in Sheffield, offering an opportunity for local couples to spend time investing in their marriages. We will continue our monthly seminars, with our next series helping us to think about how to apply scripture to life to allow us to better care for one another. Financial Review The charity is in a strong financial position at the end of the period, with total reserves of £294,657 {2023: £274,880} which includes free reserves (general funds excluding tangible fixed assets) of £16,450 {2023: £54,964). While the Trustees are grateful for this strong foundation, 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 donations. The actual position at the end of the financial year is £16.450 {2023: £54,964), which is just below this target amount. The Trustees have prepared these financial statements on a going concern basis, having made due assessment to the resources available and reviewed cashflow forecasts for the foreseeable future. Trustees, Responsibilities The charity trustees are responsible for preparing a Trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice}. The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fairview of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently; Observe the methods and principles in the applicable Charities SORP; Make judgements and estimates that are reasonable and prudent; State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements; Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities {Accounts and Reports} Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
Christ Church Walkley Trustees, report For the year ended 30 November 2024 (continued) Trustees. Responsibilities (continued) The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements. 08 May 2025 Approved by the board of Trustees on by: and signed on its behalf MrA R Fehler-chairman
Independent examinerfs report to the Trustees of Christ Church Walkley ('the CIO,) I report to the charityTrustees on my examination of the accounts of the CIO for the 12 months ended 30 November 2024. 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'l. 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{5llbl of the 2011 Act. Independent examinerfs 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: 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 Ifinancial 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 IFRS 102) in preference to the Accounting and Reporting by Charities- Statement of Recommended Practice issued on l April 2005 which is referred to in the extant regulations but has been withdrawn. We understand that this has been done in orderfor 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 56 2HH 19 May 2025 Date:
Christ Church Walkley Statement of financial activities (incorporating the income and expenditure account) for the year ended 30 November 2024 Unrestricted Restricted funds funds 2024 Unrestricted Restricted Total funds funds 2023 Total Notes Income from: Donations and grants Charitable activities - events Rent of rooms Investment - bank interest Other income 123.029 5.513 5,994 61,650 184.679 5.513 5,994 109,777 9,075 2,891 44,885 154,662 9,075 2,891 2,705 2,705 Total income 137,250 61,650 198,900 121,743 44,885 166,628 Expenditure on: Charitable activities 130.972 48.151 179.123 123,273 43,245 166,518 Total expenditure 130.972 48.151 179.123 123,273 43,245 166,518 Net income/lexpenditure) 6,278 13.499 19,777 11,5301 1,640 iio Transfers 16 118,4791 18,479 12701 270 Net movement in funds (12.201) 31.978 19.777 11,8001 1,910 iio Total funds brought forward 269.279 5.601 274.880 271,079 3,691 274,770 Total funds carried forward 257,078 37,579 294,657 269,279 5,601 274,880 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.
Christ Church Walkley Balance Sheet As at 30 November 2024 2024 2023 Notes Fixed assets Tangible assets 292,577 297,602 Total fixed assets 292,577 297,602 Current assets Debtors Cash at bank and in hand Total current assets io 14.245 54,098 68.343 6,879 56,697 63,576 Creditors.. amounts falling due within one year li 110,3581 112.4031 Net current assets 57.985 51.173 Total assets less current liabilities 350,562 348,775 Creditors.. amounts falling due after one year 12 155,9051 173.8951 Total net assets 294,657 274,880 Represented By FUNDS Designated funds General funds Unrestricted funds Restricted funds Total charity funds 240,628 16.450 257,078 37,579 294,657 214,315 54,964 269,279 5,601 274,880 13 14 15 08 May 2025 Approved by the board of trustees on and signed on its behalf by= Mr A R Fehler- Chairman The accompanying accounting policies and notes form an integral part of the financial statements. io
Christ Church Walkley Notes to the Accounts for the year ended 30 November 2024 ActountinE Policies lal Basis of preparation Christ Church Walkley is a Charitable Incorporated Organisation registered with the Charitie5 commission in England and Wales on 16 April 2015 (registered number.. 11613071 The principal add$S is @iven in the company information on page l of these financial The accounts (financial statementsl have been prepared in accordance wtth 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 IFRS 1021 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011 and UK Generally Accepted Accounting Prartice. The accounts (financial statements) have been prepared to give a 'true and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2(N)8 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 IFRS 1021 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from l April 2W5 which has since been withdrawn. The charity meets the definition of a public beneffit entity as defined under FR5102. The financial ststements are presented in sterling which is the functional currency of the charity. {bl Income Income is recognised in the SOFA when the charity has entitlement to the funds. any performance conditions attached to the rnonies have been met. the receipt of the income is probable and its amount can be liablY measured. Incorne received in circumstances where a claim for repayrnent of tax ha5 been or will be made to HM Revenue & Cu5tom5 15 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'5 debtor5. The charity ha5 relied significantly upon volunteers rr7 carrying out it5 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. {cl Expenditure and liabilities Expenditure is recogni5ed where an there is a legal or constructive obligation to pay a third party. it is probable that settlernent will be required and the amount of the obligation can be reliably measured. All expenditure is reported gross of irrecoverable VAT. {dl Grants payable Grants payable are provided for at the earlier of when they are paid or becorne constructive obligation5. The charity supports mission partners in the UK and arovnd the world. Where a particular mission partner has been supported by the church for a number of years, strict compliance with the Charities. Statefflent of Recommended Pr3ctice ISORPI 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 ha5 no final end date. the trustees assesses mission partner funding on an annual ba51S and 15 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. {el 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 tarbgible 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 Equiprnent 33% straight line {n Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-tem) highly liquid investments that are readily convertible to a known amount of cash and are subjert to an insignificant risk of change in value. 181 Trade debtors Trade debtors are amounts due from customers for servi5 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. li
Christ Church Walkley Notes to the Accounts- continued for the year ended 30 November 2024 {hl 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 rieht. at the end of the porting 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 reportinÉ 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. {il 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 reco8nised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortlsed cost using the effective interest method. ti} 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 fund5. Designated funds are unrestricted funds of the charity which the twstees 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 solefy used for particular areas of the charity's work or grant income sought for specified activities. {kl Taxation As a charity, the organi5ation 15 exempt frorn tax on income and gains falling within the awailable tax exemption5 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity. {11 Penslon obllgatlons 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. {ml Operating lease rentsls Rentals under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term. {nl Goin8 Contem The financial 5taternents 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 reseryes as at the balance sheet date, along with the knowledge of the charitV'5 ability to meet bills, payrnent5 and other liabilitie5 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 ffinancial staternents. The budgeted income and expenditure is sufficient with the level of reseryes for the charity to be able to continue as a going concern. Donations and grants Unrestrirted Restrirted funds Funds 2024 Unrestricted Total funds Restrirted Funds 2023 Total Donations Gift aid receivable 98.305 24,724 52.012 9,638 150.317 34,362 88.241 21,536 37.616 7,269 125,857 28,805 123,029 61,650 184,679 109,777 44,885 154,662 12
Christ Church Walkley Notes to the Accounts- continued for the year ended 30 November 2024 Expenditure on tharitable artivities Unrestrirted Restrirted funds Funds 2024 Unrestricted Total funds Restrirted Funds 2023 Total Staff costs Training costs Total people costs Outreach costs Monies granted Depreciation Building costs Governance costs Administration costs Financing costs 83.767 1,926 85.693 4.478 13.080 5,025 11.230 1.551 5.243 4,672 130.972 83.767 1,926 85,693 4.478 60.405 5,025 12.056 1.551 5.243 4,672 179,123 79,662 2,283 81.945 5.357 6.3(X) 5,786 12.760 79,662 2,283 81,945 5,357 48,745 5,786 13,560 840 6,138 4,147 166,518 47.325 42,445 826 800 6,138 4,147 123.273 48.151 43,245 Fees for eKamination of accounts 2024 2023 Independent examination fees lincluded in Governance costs) 963 840 No other fee5 were paid to Independent examiner's organisation. Expenditure on charitable artivities- monies granted 2024 2023 support for Youth, Children's & Families Worker Isee note 141 AMIE AIM International Bury Church Plant Crosslinks Faith in Kids Other monies granted 47,325 4,800 42,345 4,8 1.5tKI 1,51X) 1.500 180 ItK) 60,405 50,245 Staff costs 2024 2023 Salaries Employer's National Insurance contributions Employer's allowance Ernployer's pension contribution5 75.849 6,876 15,3141 6,356 83.767 74,499 6,410 14,8791 3,632 79,662 The average number of employees in the year was 312023= 31. No employee reiVed emoluments of more than £60,000 in either year. 13
Christ Church Walkley Notes to the Accounts- continued for the vear ended 30 November 2024 Trustees and Key management personnel remuneratlon. benefits and expenses The charily trustees were not paid or received any other benefits from employment wrth 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 £43,46912023.. £39.7841. Related party transactlons The total amount of donations funded by trustees and connected parties was £14.01012023.. £7,5(N)I (excluding gift aid). of this £2.370 were donations towards the charity Building and Children's worker restricted funds. During the year £4,8CM)12023'. £4,8Q)I was paid to AMIE of which a member of key staff, P Jackson, is a member of the executive committee. No other transactions have taken Pla with related parties during the period. other than those included in note 7. Tangible fixed assets Property Equipment Total Cost As at l December 2023 Additions Disposals As at 30 November 2024 326.722 2,144 328,866 326,722 2,144 328,866 Depreciation As at l December 2023 Charge this period Disposals As at 30 November 2024 29,120 5.025 2,144 31,264 5,025 34.145 2,144 36,289 Net book value As at 30 November 2024 292.577 292,577 As at 30 November 2023 297,602 297,602 All fixed assets are considered to be for direct charttable purposes. 10 Debtors 2024 2023 Income tax recoverable Prepayments Other debtors 11,773 2,276 196 4,245 2,135 499 14.245 6,879 11 Creditors- amounts falling due within one year 2024 2023 Trade creditors Accrua15 Mortgage repayable within one year Other loans repayable within one year 980 2.613 5.265 1,500 10,358 3,011 4,892 4,500 12,403 14
Christ Church Walkley Notes to the Accounts- continued for the year ended 30 November 2024 12 Creditors- amounts falling due in more than one year 2024 2023 Mortgage repayable in more than one year Other loans repayable in more than one year 54,030 1,875 55.905 59,270 14,625 73,895 2024 2023 Financial instruments Loans due in one year or less Loans due in more than one year but not MO than ffive years Loans due in more than five year5 6,765 26,742 29,163 62.670 9,392 38,269 35,626 83,287 A mort8age, which is secured on the Forbes Road property and has a variable interest rète, 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 Unrestrlcted funds bld Income Expenditure Transfers cIfiNd Designated funds Property Fund Gifts to Others fund 214.315 19,6621 113,0801 122,7421 1108.2301 1130.9721 25,254 23,801 49,055 167,5341 118,4791 229,907 10,721 240,628 16,450 257,078 214.315 54.964 269,279 General Funds 137.250 137,250 The designated funds represent amounts set aside by the trustees for speciffic purposes.. il 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. ill Gifts to Others Fund funds set aside to be distributed to other causes that that further the charitable purposes of Christ Church Walklev. The transfer represents money set aside by the trustees for this purpose. Prior year comporison Bulonce 8alonce c/fvd bfvd Income Expenditure Tronsfers DesignotedAunds Property Fund 210,118 210.118 60.961 271.079 19,397) (9.397) (113.876) (123.273) 13,594 13,594 113,864) 1270) 214,315 214,315 54,964 269,279 Genernl Funds 121.743 121.743 15
Christ Church Walkley Notes to the Accounts- continued for the year ended 30 November 2024 14 Restrirted funds The restricted funds represent amounts received for speofic purposes and the movements in the year are as follows.. Balan b/fwd Balance c/fwd Income Expenditure Transfers Children's, Youth & Families Worker Building fund s.1 45.312 16.338 61,650 147.3251 18261 148.1511 3,588 33,991 37,579 18.479 18,479 5,fQl il Children'5, Youth & Familie5 Worker support represents income received from a number of sources Specifically to 5UPPOrt 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. ill Building fund- specific gifts to contribute towards a construction. renovation and repair project. The transfer represents the allocation of funds received in earlier years that were used to fund property purchase costs being reallocated to fund future building costs. Prior yeor compurison Balance Balonce c/fwd b/fvd Income Expenditure Tronsfers GAfts to 5UPPOrt Gift doy compoign Children s, Youth & Fomilies Worker 8uildingfund 100 44,255 530 44.885 {iooJ 142,345) (SOOJ (43.245) 3,691 5,601 270 270 3.691 5,601 15 Net assets by fund General fvnds Designated fvnds Restrirted Funds 2024 Totsl Tangible fixed assets Current a55et5 Creditors.. amounts fallin8 due within one year Creditors.. amounts due after one year 292.577 11.121 17,1651 (s5,5 240,628 292,577 38,229 68,343 16501 110,3581 155,905 294,657 18.993 12.5431 16,450 37,579 Free reserves- general funds excluding tangible ffixed assets 16.450 Pritsr yeor compt7rNson Generol funds De5Agnuted funds Restricted Funds 2023 Totul Tongiblefixed ossets Current 055ets Creditors.. omountsft711ing due within one yeor Creditors.. omounts due after one yeur 297.602 297,602 63,576 112,403J 73,8951 274,880 57.975 (3.011) S.601 19.392) 173,895) 214.315 54.964 5.601 16 Transfers betsveen funds Transfers tollfroml the general fund Designated funds.. Loan repayments financed by free reserves Transfers to support Gifts to Others Fund 125,2541 123,8011 Restricted funds.. Transfer to support building fund 118,4791 67,534 16