ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 CHRIST CHURCH SOUTHAMPTON (Charitable Incorporated Organisationl CHARITY REGISTRATION No: 1164459
CHRIST CHURCH SOUTHAMPTON Icharitable Incorporated OrganisatiOT)I CONTENTS LEGALAND ADMINISTRATIVE INFORMATION...............-.. INDEPENDENT EXAMINER'S REPORT ON THEACCOUNTS...................................... .. TRUSTEES, REPORT.............. STATEMENT OF FINANCIALACTIVITIES............... BALANCE SHEET................................... NOTESTOTHE FINANCIALSTATEMENTS.......................................... .10
CHRIST CHURCH SOUTHAMPTON (Charitable IncorpoT3ted Organ15atlonl LEGAL AND ADMINISTRATIVE INFORMATION 1164459 CHARITY NUMBER DATE OF REGISTRATION 18th November 2015 START OF FINANCIAL YEAR 1st January 2021 END OF FINANCIAL YEAR 31st December 2021 TRUSTEES AS AT 31" DECEMBER 2021 S.T. Aellen IElderl P.J. Bentley-Taylor (Pastor, Elderl N.P. Bridges (Elderl E.M. Brownlee (Elderl (Appointed 8 February 20221 J. Helps IElderl M.D. Hill IElderl D.M. Law50n (Elderl (Appointed 8 February 20221 F.E.O. Saer (Pastor. Elderl J.E.P. Taylor (Pistor, Elderl LEGAL STATUS Charitable Incorporated Organisation GOVERNING INSTRUMENT CIO Foundation Registered 18th November 2015 OBJECTS 11 THE ADVANCEMENT OFTHE CHRISTIAN FAITH IN ACCORDANCE WITH THE BASIS OF FAITH PRIMARILYBUT NOT EXCLUSIVELY WITHIN SOU'I'HAMPTON ANDTHE ADJACENT AREAS 2) SUCH OTHER CHARITABLE PURPOSES AS SHALL, IN THE OPINION OF THE CHARITY TRUSTEES, FACILFfATE THE WORK OFTHE CHURCH, PROVIDED THAT SUCH PURPOSES MUST FIRST BE APPROVED BY A RESOLUTION OFTHE PARTNERS OF THE CHURCH AND MUST BE CARRIED OUT IN A MANNER CONSISTENT WITH THE BASIS OF FAITH. CORRESPONDENCE ADDRESS Burges5 Road Library Burgess Road Southampton S0163HF PRIMARY BANKERS CAF Bank Ltd 25 KlnES Hill Avenue Kings Hill West Malling Kent ME194TA INDEPENDENT EXAMINER G W SchLtlz ACMA Independent Examlnèrs Ltd Unit 2 The Broadbridge Buslness Centre Delling Lane Bosham
CHRIST CHURCH SOUTHAMPTON Icharitable Incorporated Organ15atlonl POIS 8NF INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS I report to the charity Trustees on my examin¢Jtion of the accounts of the charity for the year ended 31 December 2021 which are set out on pages 8 to 17. Respective responslbilities of Trustees and examlner As the charity's Trustees of Christ Church Southampton land also its directors tor the purposes of company lawl you are responsible for the preparation of the 3ccounts in accordance with the requirements of the Companies Act 2006 I'the 2(K)6 ACVI. Having satisfied myself that the accounts of Christ Church Southampton are not required to be audited under Part 16 of the 2(K)6 Act and are eligible for Independent examination, I report in respect of my exarnination of your charity's accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the charity Commission under section 14515llbl of the 2011 Act. Independent examiner's statement Since Christ Church Southampton gross income exceeded £250,000 your examiner must he a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Chartered Institute of Management Accountants, which is one of the listed bodies. I have completed my examination. I conflrm that no matters have come to my attention in connection with the examination giving me cause to believe.. l. accountin8 records were not kept in respect of Christ church Southampton as required by section 386 of the 2006 Act- or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than anv requirement that the accounts give a 'true and fair view, which is not a matter considered a5 part of an independent examination,. or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities, applicable to charities preparing their accounts in accordance with the Flnanclal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connectlon wlth the examination to which attention should he drawn in this report In order to enable a proper understar)ding of the accounts to be reached. G W SchulzACMA Dated 31 August 2022
CHRIST CHURCH SOUTHAMPTON (Charitable Incorporated Organisationl TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021 Charitable Objects The objects of the church are 11 The advancement of the Christian faith in accordance with the basis of faith primarily but not exclusively within Southampton and the adjacent areas. 21 Such other charitable purposes as shall, in the opinion of the charity trLtstees, facilitate the work of the church, provided that such purposes must first be approved by a resolution of the partners of the church and must be carried out in a mant)er consistent with the basis of faith. Structure, Govemance and Management The Church as a legal entity is a Charitable Incorporated Organisation, affiliated to the Fellowshlp of Independent Evangelical Churches IFIECI. It is governed by a Constitution dated 4 November 2015. Registered Charity status was granted on 18 November 2015 under Reglstration Number 1164459. The Charity is also Corporate Trustee for Freemantle Evangellcal Church through a Pre-merger Vesting Declaration signed 7 May 2020. The Charity is Boverned by a board of Trustees who also constitute the members of the Charity and the leadership of the Church. They meet regularly (normally fortnightlyl to set policy and review the activities of the Church, and their decisions are subject to the scrutiny of the members of the church body Inormally twice yearly) in accordance with 'Church Life and Conduct,, a document which sets out the practical workings of the church. Significant financial decisions are taken with the approval of the members of the Church body throLtgh a formal vote. Trustees are appointed by existinE trustees where they have satisfied themselves of the need of further trustees and the qualifications- spiritual and otherwise- of the person proposed for the role, through consultation with the Church body as specified in 'Church Life and Condurt,. All trustees served without remuneration in their capacity as Trustees. Those Trustees who are Pastors receive remuneration in that capacity at levels determined by non-Pastor Trustees, as well as- in some cases- rent payments in connection with the Church Manses at levels determlned by the non-Pastor Trustees. meeting separatelytr at or below the appropriate market levels for the relevant property. The Pastors themselves do not participate in any determination of the remuneration they receive. No other Trustees have a beneficial interest in the Charity. Review of Activities When planning and reviewing the objertlves of the activitie5 the Church, due consideration has been given to the Charity Commission's general guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, the church sets out to enable ordlnary people to live out their faith as part of our church in their local communities. The Church is committed to reachlng, teaching,. discipllng and training Christians to carry out Gospel ministry in Southampton and further afield. The C.hurch.welcomes members and attenders from all backgrounds and actively seeks to invite members of both the Church and the local community to bene*it from its ministries.
CHRIST CHURCH SOUTHAMPTON (Charitable Incorporated Organlsationl TRUSTEES, REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021 Review of Actlvltles Icontlnuedl The ministries of the Church are overseen by its leadershipi 2nd are carried forward both by the Church stsff and bv the extensive involvement of over 100 volunteer5 drawn from Church members and other re8ular attendees. This pattern is seen in all areas of the life of the Church. Through the year, the Church held a series of weekend and midweek meetings and activities in Southampton and/or online, and in addition provided financial support and pastoral care to individuals and also supported other organisations involved in Christian mission and training. A number of activities remained curtailed, reformatted or otherwise affected as a result of the global pandemic, but most regular activities operated in some form for most of the year. Activities included studellt groups meeting on Sundays, reading groups, retreats {online and in person) and individual meetings. International students were taught about English culture and the Christian faith. English language lessons were provided free of charge to those recently arrived in the UK and connected with the neighbouring university. The children's and families work also continued to develop. As well as Sunday activities for chlldren and young people, special events for members of the local community were held. A weekly Toddlers group was held for local parentslcarers and their children. A number of other small groups met to teach enquirers about the Chrlstlan faith, and to nurture those who are already committed to the faith. The.£e include groups for women lat which a crèche is provided), a network of groups for those in their 20s. 2 youth group, other groups with more general membership and regular'Partnership CoLtrses' for those exploring becomlng a member of the church. A community Ilbrary-the largest in the city- was operdted by the charity in cooperation with Southampton City Council and the Burgess Road Library Management Team. There is a strong training ethos, and opportunities are provided for self-funded, full-time volunteers, generally known as 'Ministry Trainees, to learn about Christian ministry in the context of the chtjrch. Other volunteers are eiven training in various areas, including music, children's work, student work, group leadership, safeguarding and general Christian ministry. Some of this is provided in-house,. oiher elements are achieved through attendance at conferences and training courses further afield. Some of the above, however, was reduced during 2021 as a result of public health regulations and restrictions. The Church used a number of venues (including family homesl to host their various artivitie5. However, most artivitles took place in a community library and a secondary school in Southampton, or were conducted digitally via Zoom or YouTube platforms. Finance Receipts, outgoings and balances are as shown in the statement of financlal actlvlties and balance sheet appended. The Charitvs funding principally comes from gifts and donations made by members of the congregation together with associated Gift Aid. In addition a signlflcant amount came In the form of grants from external bodies. A reseNes policy exist"s whereby- In normal circumstances- cash reserves should be retained amounting to 3 months basic operatlng costs (such costs belng.estimated at a nominal 80% of the full current-year charity budget). In the 2021 fin3ncial year this target was agaln met.
CHRIST CHURCH SOUTHAMPTON Icharitable Incorporatod Organisationl TRUSTEES, REPORT (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021 Plans for future periods It is anticipated that the Charity will continue its activities and overall ministry in a simllar manner as for the year ended 31 December 2021. However plans for the following year120221 included the establlshment of a new church in Salisbury and the provision of a new training course, both of which would likely affect the Charity in financial ways or with regard to personnel. Responsibilitie5 of the Trustees The Trustees are responsible for preparing the Report of the Trustees and the 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 Trustees to prepare financial Statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the charity for that perlod. In preparing the financial statements the Trustees are required to: Select suitable accounting policies and apply them consistently,. observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent,. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financlal statements on 3 going concern basis unless it Is Inappropriate to assume that the charity will continue in operation. The Trustee% are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financ.ial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the charity (Accounts and Reports) Regulations 2008 and the provisions of the governing document. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the charity and financial information included on the charlt¢s websites. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. This report was approved by the Trustees of the Church on 30 August 2022 and signed on their behalf by.. S. T. Aellen 30 August 2022
CHRIST CHURCH SOUTHAMPTON ICh8rltable Incorporated Organisationl STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021 Unrestricted Funds Restricted Funds TOTAL 2021 TOTAL 2020 NotÈs INCOMING RESOURCES Incoming Resources from Generated Funds Donations, Legacies & Similar Income Investment Intome Charltable Actiwtles 4a 4b 4c 368,780 164 29,353 18,455 387,235 164 404,833 74 10,051 332 29,685 TOTAL INCOMING RESOURCES 398,297 18,787 417,084 414.958 RESOURCES EXPENDED Costs of Generating Funds Charitable Activities Governance Costs 5a 5b 379,235 890 27,832 407,067 890 341,846 3,077 TOTAL RESOURCES EXPENDED 380,125 27.832 407,957 344,923 NET INCOMING {OUTGOINGI RESOURCES 18.172 19,045) 9,127 Total Funds Brought Forward 177.306 311,780 489,086 120,990 Acquisition of assets Los5 on Disposal of Fixed Assets 298,061 TOTAL FUNDS CARRIED FORWARD 195,478 302.755 498,213 489,086 Movements on all reserves 2nd all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notès pages 10 to 17 form part of these financial statements.
CHRIST CHURCH SOUTHAMPTON Icharitable Incorporated Organisationl BALANCE SHEET AS AT 31ST DECEMBER 2021 Unrestricted Funds Restricted Funds TufAL TOTAL 2020 Notes 2021 Fixed Assets Tangible Assets Investments Total Fixed Assets 899 270,828 271,727 278,529 899 270,828 271,727 278,529 Current Assets Debtors & Prepaymènts Cash at Bank and in Hand Total Current Assets 62,795 141,592 204,387 882 63,677 172,617 236,294 18,533 200,078 218,611 31,025 31,907 Creditors: Amounts falling due withln one year 9,808 9,808 8,054 NET CURRENT ASSETS 194,579 31,907 226,486 210,557 TOTALASSETS les5 current liabilities 195,478 302,735 498,213 489,086 ASSETS 195,478 302,735 498,213 489,086 Funds of the Charlty GÈnér31 Funds Restricted Funds Total Fund5 195,478 195,478 302,735 498,213 177,306 311,780 489,086 302,735 302,735 195,478 Approved bythe Trustee5 (Trn .............. .... Signed on their behalf by Trustee .. Print NamÈ: Él MO1 IIÉLLEI
CHRIST CHURCH SOUTHAMPTON (charitable Incorporated Organisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 I. ACCOUNTING POLICIES Basis of Preparation & Assessment of Golng Concern Basis of Preparation The financial statements have been prepared ijnder the historical cost convention with items recognisèd at cost or transaction value unless Otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their account5 in accordance with the Financial Rewrting Standard applicable in the UK and Republic of Ireland IFRS1021 leffective 113nuary 20151- Icharities SORP- FRS1021 and the Charities Act 2011. The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognlsed at historical cost unless otherwise stated in the relevant accounting policy notes. Assessment of Golng Concern Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. Incoming Rosources Reco nltlon off Incomin Resources These arc included in the Statement of Financial Activities ISOFAI when.. the charity become5 entitled to the resources,. the trtjstees are virtually certain they will receive the resource5,' and the monetary value can be measured with sufficlent reliability InGomln Resources with Related Ex endlture Where incoming resources have related expenditure las with fundralsing or contract income) the incoming resource and relatp.d èxpènditure are retKirted gross in the SOFA, Grants und Donutlons Grants snd Donations are only included in the SOFA when the charity has unconditional entitlement to the restsurces. Tox Reclaims on Donations ttnd Gl Incoming resource5 from tax reclaims are included in the SOFA at the same time as the gift to which they relate. Contrtlrtual Income andPer ormance Related Grunts I'his is only intluded in the SOFA once the related goud5 or service5 has been delivered. Gi s In Klnd Gifts in kind are accounted for at a reasonable estlmate of their value to thè ch3rity or the amount actually realised. Gifts In kind for sale or distribution are included in the accountg as gifts only when 501d or distributed by the charity. Gifts in klnd for use by the charlty are included In the SOFA as incomlng resources when receivable. Donutedservlces and Fucllltles These are only included in incomlng resources Iwith an equivalent amount in reSoUrS expended) where the benefit to the charity is reasonably QLJantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. Volunteer Hel The value of any volL¢ntary help received is not included In thè accounts, nvestment Income This is included in the accoLsnts when receivable. io
CHRIST CHURCH SOUTHAMPTON (Charitable Incorporated Organlsationl NOTES TO THE FINANCIAL STATEMENTS {continued) FOR THE YEAR ENDED 31ST DECEMBER 2021 I. ACCOUNTING POLICIES Icontinuedl Investment Galns and Losses This included any gain or loss on the sale of Investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Expenditure and Llabilities Llabllit Re nltlon Liabilities are recogni5ed as soon as there Ss a legal or construrtive obligation commlttlng the charity to pay out resources. Governunce Costs Include costs of the preparation and examination of statutory accounts, the costs of the trustees, meetings and cost of any legal advice to trustees on Èovernance or constitutional matters. Grunts with Pe orman¢e Condltlons here the charity gives a grant with conditions for its payment beinE a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified Servi or output. Gmnts Po uble without Pe ormance Conditions These are only recognised in the accounts whèn a commitment ha5 been made and there are no condition5 to be met relating to a grant which remaln In control of the charity. ort Costs Support costs include central functions and have been allacat&d to attivity cost categories on a basis consistent with the use of thè_ re.£OurS, e.g. allocating property Costs by fluur areas, or por capital employed, staff costs by thp. timè spent and other costs by their usage. Investments Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets re included at trustees, best estimate of market valuè. Pensions Pension contributions arè charged to the Statement of Financlal Actlvities as they became payable. UnrestrictedFunds These fundg can be used for the general objective5 Qf the charity as sèt out in the tru5tee5' report. The movements of the unrestricted funds are given in the Statement of Flnanclal Activities. Restrlrted Funds These funds are where the donor has specified 3 purpose for the donation made. These restrictions often arise as a result of the regular appeals for special offerings made at the Sunday fellowship meetingg. nated Funds These funds are funds set aside by the trustees out of unrestritted general funds for specific purposes or prolerts. FixedAssets Flxed Assets are capitallsed if they can be used for more than one year and cost at least £1500. They are valued at cost or, if gifted, at the value to the charity on recelpt. li
CHRIST CHURCH SOUTHAMPTON Icharitable Incorporated Organisationl NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021 I. ACCOUNTING POLICIES Icontinuèdl Stock stock is held at the lower of cost and net realisable value. reciation Ex ense Qepreciation is calculated at a rate to write off the cost of tangible fixed assets on a straight line basis over their estimated useful lives. The rates applied per annum are as follows.. Land & Buildings Motor vehicles 20Y. 2. TANGIBLE FIXED ASSETS Fixtures Fittings & Equlpment Land & Building Motar Vehicles 2021 TOTAL Cost Additions Disposals Cost Value at 01-JaJ-21 280,167 5,995 286, 162 31-Oec-21 280,167 5,995 286,162 Depieciatlon Charge Disposal Depretlation at 01-Jan-21 3,736 5,603 3,897 1, 199 7,633 6,802 31-Dec-21 9,339 5,096 14,435 Net Book Value Net Book Value 31-Dec-21 270,828 276,431 899 2,098 271,727 278,529 31-Dec-20 The annual commitments under non-cancelling operatin& leases and capital commitments are as follows.. 31st December 2021.. Nonè 31st December 2020.. None 3. INVESTMENTS The ao held no fixed investments during this or the premousfinancial perlod. 12
CHRIST CHURCH SOUTHAMPTON Icharitable Incorporated Organisationl NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021 4. INCOMING RESOURCES UnrestrictÈd Funds Restricted Funds TOTAL 2021 TOTAL 2020 al Donations, Legacie5 & Similar Income Grfts, Tithes & Offerln8S Gift Aid Tax Recovered Grants Legacies 295,017 59,263 14,500 9,809 670 7,976 304,826 59,933 22,476 290,369 58,964 50,500 5,000 368,780 18,455 387.235 404,833 b} Investment Income Interest Recèived 164 164 74 164 164 74 cl Charitable Activities Activlties & Events Age Specific Activities Bookstall Incomè Food Contrlbutions MYC other Income 19,838 19,838 334 1,092 7,277 418 1,092 7,277 418 1,210 3,063 5,374 70 728 332 1,060 29,353 332 29,685 10,051 13
CHRIST CHURCH SOUTHAMPTON (charitable Incorporated Organlsationl NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021 5. RESOURCES EXPENDED Unrestrlcted Funds Restricted Funds TOTAL 2021 TOTAL 2020 al Charitable Activitles Church Activities Staff Costs Ministry Support to Members Church Planting Support 251,641 13,976 585 265.617 585 241,439 500 22,725 Church Costs Depreclatlon Expense Premises Costs Office Costs Vehicle Costs Venue Hlre 1,199 21,612 14,720 2,343 13,243 5,603 3,744 387 6.802 25,356 15.107 2,343 13.243 4,935 14,134 11,749 2,396 6.379 Cost of Artivities Age Specific Actimties Bwk5tall Costs Food Costs MYC Activities & Events Running Costs 7,883 6,401 13,6S5 570 7,883 6,401 13,655 570 22,491 13,266 1.709 4,071 7.325 6,103 22,491 13,266 11,848 External Ex External Ministry Stjpport Affiliations en5es 5.526 4,685 379,235 3,537 9,063 4,685 407,067 3.638 2,895 341,846 27,832 bl Governance Costs Independent Examiners Fees Legal & Professional Fees 890 850 2,227 3,077 890 14
CHRIST CHURCH SOUTHAMPTON Icharitable Incorporated Organlsatlonl NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021 6. RESTRICTED FUND5 Balanee 01-Jan-21 Balance ai-Dec-21 Income Expenditure Transfer Chrlst Church Southampton Freemant 17.921 293.859 11,093 7,694 {16,0251 {11,8071 346 {346) 13,335 289,400 311,780 18,787 {27,832 302 735 From 7 May 2020 the trustee5 took over the ownership and responsi bll ity for Freemantle Evangel ical church in Shirley, Southampton. Its assets were acquirpd from that dato gratis and consisted of li quid assets af £17,894 and Freehold Property current use professional IV valued at £275,000. capitalised wlth acquisition costs of £5,167. Al I transactions relating to Freemantle si n ownership have been incorporated i nto these accounts. 7. CASH AT BANK AND IN HAND Unrestrirted Fund Restricted Fund TOTAL TOTAL 31-Dee-20 31-Dec-21 Cash at Bank & in Hand 141,592 141,592 31,025 31.025 172,617 172,617 200,078 200,078 8. DEBTORS AND PREPAYMENTS Unrestrlcted Fund Restricted Fund TOTAL 31-Dec-21 TOTAL 31•ec-20 Sundry Debtors 62.795 62.795 882 882 63,677 63,677 18,533 18,533 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Unrestricted Fund Restricted Fund TOTAL 31-Dec-21 TOTAL 314)ec-20 Sundry Credltors Deferred Income PAYE & NI Independent Examiners Fees 2,414 1,431 5,063 900 9.808 2,414 1,431 5,063 900 9.808 3,564 3,640 850 8.054 15
CHRIST CHURCH SOUTHAMPTON Icharitable Incorporated Organisatlonl NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021 10. STAFF COSTS AND NUMBERS 2021 2020 Gross Wages & Salaries Staff AccommodatSon Costs Social Security Costs Pension Contributions 177,669 62,778 11,284 13,886 265.617 157,790 60,178 10,078 13,393 241,439 Employees who were engaged in each of the following actThrities'. 2021 2020 TOTAL TOTAL ActhJStles in furtherance of organisation's objects No eM0veeS recelved emoluments in excess of £60.00012020.. None) 12. PAYMENTS TO TRUSTEES AND OTHER RELATED PARTY TRANSACTIONS During the finanti31 year Trustee P.J. Bentley-Taylor receivg.rf f 27,73212020: £26,642I in salary related payment5, £2,500 12020.. £2.5001 in Ponsion Contribution5 and £12,00012020.. £12,000) in acctsmmodation costs in hi5 capacity as Assistant Pastor of Christ Church Southampton in furthering the Charity's objects. During the financial year Trustee F.E.O. Saer received £29,08012020.. £27,973) in salary related payments, £4,51612020.' £4,516) in Pension Colltributions and £24,77812020.' £24,778) in accommodation costs in hfs capacity as Senior Pastor of Christ church Southampton In furthering the Charity's objerts. During the finantlal year Trustee J.P. Taylor received £26,01312020.. £24.9451 in salary related payments, E2.50012020.. £2,5001 in Pension Contribution and £15,00012020.. £15,000) in accommodatlon costs in his capacity as Assistant Pastor of Christ Church Southampton in furthering the Charity's objects. The only other paymÈnts made to the trustees or any person connected with them con515ted of reimbursements for items purchased on behalf of the Church In furtherlng the Charity's objects. No other material transactions took place between the organlsation and a trustee or any person connected with them. No other trustees received any remuneration or benefits in kind dur1ng the financial year. 16
CHRIST CHURCH SOUTHAMPTON (charitable Incorporated Organisationl NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021 13. RISK ASSESSMENT The trustees actlvely review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financi31 systems carried out on an annual basis will provide sufficient resources in the event of adverse condition5. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. 14. RESERVES POLICY The trustees have considered the level of reseNes they wish to retain, appropriate to the CIO'S needs. This is based on the CIO'S size and the level of financial commitments held. The trustees aim to ensure the CIO will be able to continue to fulf il its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trltstees will endcavour not to set aside funds unnecessarily. A more detailed description of the Reserves Policy can be found in the Annual Trustees. Report on page 6. 15. PUBLIC BENEFIT The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or'alms, that are for the public bènefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake. 17