ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 CHRIST CHURCH SOUTHAMPTON (Charitable Incorporated Organisation) CHARITY REGISTRATION No: 1164459 Independent Examiners Ltd Unit 2,The Broadbrldge Buslness Centre Delling Lane Bosham P018 8NF
CHRIST CHURCH SOUTHAMPTON (Charitable Incorporated Oryanwtionl CONTENTS Page 3 Legal and Administrative Inforrnation Page4to6 Trustee5' Report Page 7 Independent Examlner's Report to the Trustees Page 8 ststement of Financlal Actlvitles Page 9 Balance Sheet Pages io to 15 Note5 to the Financial Ststements
CHRIST CHURCH SOUTHAMPTON ICharRabie Ifi¢orporated Organlsation) LEGAL AND ADMINISTRATIVE INFORMATION CHARrrY NUMBER 1164459 DATE OF REGISTRATION 18th November 2015 srART OF FINANCIAL YEAR 1st January 2023 END OF FINANCIAL YEAR 31st Detrmber 2023 TRUSTEES AS AT 31ST DECEMBER 2023 S.T. Aellen (Elderl N.P. 8ridges IEldÈrl J.D.S. Faux (Pastor, Elderl D.M. Law50n (Elderl F.E.O Saer (Pastor, Eer) LEGAL STATUS Charitable Incorporated OryaniSaon GOVERNING INSTrUMeNT CIO FoundatvJn Registered 18th Novernber 2015 OBJECTS 11 THE ADVANCEMENT OF TME CMRIsfJAN FAFfH IN ACCORDANCE WITH THE BASIS OF FArrH PRIMARILY BUT NOT EXCLUSIVELY WITHIN SOUTHAMPTON AND THE ADJACENT AREAS. 2} SUCH OTHER CHARtrABLE PURPOSES AS SHALL. IN THE OPINION OF THE CHARrr( TRUSTEES, FACILTTATE THE WORK OF THE CHURCH, PROVIOED THAT SUCH PURPOSES mu FIRST BE APPROVED BY A RESOLitrioN OF THE PARTNERS OFTHE CHURCH AND NUST BE CARRIED OUT IN A MANNER CONSISTENT WH THE BASIS OF FAITM. CORRESPONDENCE ADDRESS Burgess Road Ubrary Buryess Road Southafflpton S016 3HF PRIMARY BANKERS CAF &nk Ltd West Mjlllng Kent ME19 4TA INDEPENDEf4T EXAMINER Independent Examlners Ltd The 8roadbrid8e Busine55 Centre Delling Lène Bosham P018 8NF
TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 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 trustees, facilitste 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 manner con515tent with the basis of faith. Structure, Governance and Management The Church as a legal entity is a Charitable Incorporated Organisation. affiliated to the Fellowship 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 Registration Number 1164459. The Charity is also Corporate Trustee for Freemantle Evangelical Church through a Pre-merger Vesting Declaration signed 7 May 2020. The Charity is governed by a board ofTrustees 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 through a formal vote. Trustees are appointed by existing trustees where they have satisfied themselves of the need of further trustees and the qualificatioris spiritual and otherwise of the person proposed for the role, through consultstion with the Church body as specified in 'Church Life and Conduct,. 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 determined by the non-Pastor Trustees, meeting separately, 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 objectives of the activities of 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 ordinary people to live out their faith as part of our church in their local communities.
The Church is committed to reaching. teaching. discipling and training Christians to carry out Gospel ministry in Southampton and further afield. The Church welcomes members and attendee5 from all backgrounds and actively seeks to invite members of both the Church and the local community to benefit from its ministries. The ministries of the Church are overseen by its leadership, and are carried forward both by the Church stsff and by the extensive involvement of over 100 volunteers drawn from Church members and other regular 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 in addition provided financial support and pastoral care to individuals and also supported other organisations involved in Christian mission and training. Activities included student groups meeting on Sundays, reading groups, retreats, conferences, small groups 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, often connected with the neighbouring university. The children's and families, work also continued to develop. As well as Sunday activities for children 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 Christian faith, and to nurture those who are already committed to the faith. These included group5 for women lat which a crèche is provided), a network of groups for those in their 20s, a youth group, other groups with more general membership and regular'Partnership Courses, for those exploring becoming a member of the Church. A community library was operated 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 church. Other volunteers are given 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., other elements are achieved through attendance at conferences and training courses further afield. The Church used 3 number of venues to host their various activities. However. most activities took place in a community library and a secondary school in Southampton. Finance Receipts. outgoings and balances are as shown in the statement of financial activities and balance sheet appended. The Chariws funding principally came from gifts and donations made by members of the congregation together with associated Gift Aid. In addition, some funds came in the form of grants from external bodies. A reserves policy exists whereby - in normal circumstances - cash reserves should be retained amounting to 3 months basic operating costs (such costs being estimated at a nominal 80% of the full current-year charity budget. In the 2023 financial year this target was again met. The establishment of the new CIO (Trinity Church Salisbury, no. 11994941 precipitated a period of transition in which the two charities shared elements of income, expenditure and liability. The transition was completed at the end of 2023.
Responsibilities 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 f inancial year which give a true and fair view of the stste of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing the financial ststements 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 f inanci31 ststements on 3 going concern basis unless it is inappropriate to assume that the Charity will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the f inancial statements comply with the Charities Act 2011, the Charity IAccounts 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 charity's websltes. Legislation in the United Kingdom governing the preparation and di55emination of financial ststements may differ from legislation in other jurisdictions. This report was approved by the Trustees of the Church on .Ll behalf by: and signed on their Signed Name . S. T. Aellen
CHRIST CHURCH SOUTHAMPTON lchantab Incorporated OryanSsatSon) INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the trusteesl members of Christ Church Southampton Cto on the accounts for the year ended 31st Detrrnber 2023 set out on pages 8 to 15. R¢spertlvo respot)$lbllltles of trustees and examlner A5 the charlty's Trustees of Chrisr Church Southampton land 81so Its direttors for the purposes of company lawl you are sponsible for the preparauon of the accounts In accordance wlth the quIrements of the Companles Att 2006 1.the 2006 Act'l. aying Satisned myself that the accounts of Chrlst Church Southampton are not requlred to be audlted under Part L6 of the 2006 Act 3nd are ellgible for independent ex8minatlon, I report In respect of my examlnatlon of your charlty's accounts as carrled out under sectlon 145 of rhe Chadtles Art 2011 I'the 2011 Att'l. In c8rrying Out my examination I h3ve follolved the Dlrections given by the Charity CommiSOn under se¢Oon 14515llbl of the 2011 Act. Independent examlnerfs statement Since Chr15t Church southampton gross Income exceeded £250,000 your examiner must be a member of a body Ilsted In sertlon 145 of the 2011 Act. I conflrm that l am qualified to undertake the examlnatlon because I am a member of the Chartered Insutute of Management Accountants, whlch is one of the listed bodies. I have completed my exarnlnatlon. I confimi that no matters have come to my attention In connection with the examination giving me cause to bdieve.. accountlng ordS were not kept In respett of Chr55t (Thurch Southampton as requlred by sectbn 386 or the 2006 Art,. or the accounts do not accord wlth those records- or the accounts do not comply with the accounting requirement5 of 5ectyon 396 of the 2006 Act other than any requirement that the accounts glve a 'true and fair view, whid) is not a matter considered as part of a independent examination.. or the accounts have not been prepared In accordance with the methods and princlples of the srarement of Recommended Practyce for accounting and porting by charities applicable to chanties prepanng their accounts In accordan wlth the Flnancial Reportlng siandard appllcable in the UK and Republlc of Ireland IFRS 1021. I have no concerns and have come across no other matters In tonnection byith the examinatlon to which attention should be drabvn in th15 report In order to enable a proper understsndlng of the accounts to be aChed. signed 28.8.24 Date '. K Gtsffles FCIE MA4T Independent Examiners Ltd The Brc>odbridge Busine Centre Delling Lane Bosham P018 8NF
CHRIST CHURCH SOUTHAMPTON {Charirable Incorporated OrgaTrlsatlon} STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023 Unresttte Funds Restrkted Funds TOTAL 2023 TOTAL 2022 Notes INCOMING RESOURCES Incomlng Resources from Generated Funth Donatlons. Legacles & Slfflllar Incorne 481,654 50,096 531,750 466.627 Investment Income 4b 6,042 6,042 1,290 amtsble Actlviues 4c 52,770 52,770 29,324 TOTAL INCOMING RESOiIRCES S40,466 50,096 590,562 497,241 RESOURCES EXPENDED Costs of Genaratlng Fund$ Ch8ntable Athvities 54 494,676 51,370 546,046 459,199 &>¥ernan Co*s Sb 2,394 2,394 1.380 TOTAL ResouRCES EXPENDED 497 070 460 579 NET INCOMING (OUTGOING) RESOURCES 43,395 11,274) 42.122 36,063 Total Funds Brought Forward 236,022 298,854 534,876 498,213 Gain on Disposal of Fixed A55ets 3,069 3,069 TOTAL FUNDS CARRIED FORWARD 282.486 297 580 580 067 534.876 Movements on all resenfes and all recognlsed galns and Ie$ are shown above. All Qf the organisatson's oper8tion5 are classed as continuing. The notes on pages 10 to 15 form part of these financial statements.
CHRIST CHURCH SOUTHAMPTON {Charltable Incorporated Or9ani*Auonl BALANCE SHEET AS AT 31sr DECEMBEK 2023 unrrted Resthtted Funds 31-Dec-23 Total 31-Dec-21 Total Note Flxed Assets Tanglble Assets Investments 5,080 259,622 264,702 265,225 Total Flxtd Assets 259 622 264 702 265 225 Current Assets Debtors & PpaYments Cash at Bank and in Hand 27,961 259,945 27,961 297,903 42,522 237,982 37,958 Total Current Assets 287.906 37.958 280.503 Credltor$: amounts falllng due ¥vlthln one vear 10,499 10,499 10,852 NET CURRENT ASSETS 277,407 37,958 315.365 269,651 TOTAL ASSETS less ojrrent Iiabllltles 282.486 297,580 580.067 534,876 Credltors.. arnounts falllng due In more than one year io NET ASSETS 282 486 297 $80 580 067 534 870 Fynd$ gf the Charliy General Fund5 Restritted Funds 282,486 282,486 297,580 236,022 298,854 297,580 Total Funds 282,486 297 580 580 067 534 876 Approved by the Trustees on Signed on their behalf by Trustee prfnted Naffle.. trl
CHRIST CHURCH SOUTHAMPTON NOTES TO THE FENANCIAL STATÈMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 I. ACCOUNTING POLICIES Basls ol Preparatlon & Assessment of Goln9 Concern B•$l$ of Preparatlon The flnanclal statsments have been prepared under the hlstortcal cost convention wlth Items reco9nisea at cost or tranSaCOn value unless otherwlse stated In the relev3nt notes. The flnanclal statements have been prepared In accordance with the statement of Recotnmended Practice.. Accountlng and Reportlng by Charltles preparin9 thelr accounts In accordance with the Financial Reporting Standard appllcable In the UK and Republic of Ireland IFRS1021 leffeLtive l January 20151- ICharft5 SORP- FRS1021 and the Charltyes Act 2011. The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are Initially recognised at hlstodcal CO unless othersyise stated in the leVant accountino polity notes. A$5e$sment of Golng Concern Preparation of the account5 Is on a going toneern basis. The trustees Conslder that there are no Tnaterlal untertainties about the Charlty's ablllty to contynue as a golng contrm. Transltlon to FRS102 The Charity has presented Its results under FRS102 and Charlty SORP IFRS1021. The trustees have consldered whether In applying the accounting policies required by FRS 102 8nd tnt Charltles SORP FRS 102 a restatefflent of comparatlve Items wa5 not needed. No restatements or the prevlous pertod results were requlred. Incomlng Resources These are included In the Statefflent of Financial Activities ISOFAI sYhen= . the charity becomes entitled to the resources., the trustees are vlrrually cert3ln they wlll recelve the $OUrces,. and . the rnonetary value can be measured wlth sufflclent rellablllty Whert incoming resources have related expenditure las With fundraIng or contrart incofnel the SncornSng resour and related expendiiure a reported gross In the SOFA. Grants and Don8tions are only Induoed In the SOFA when the eharty has uncondltlonal entitletnent to the resourtes. Incoming resources from tax reclalms are included In the SOFA ar the same tlme as the glft to whlch they relate. Thls Is only Included In the SOFA orKe the related goods or Servi has bTr dellvered. Glfts In klnd are accountsd for at a reasonable estlmare or thelr value to the charfty or the amount artually reallsed. Glfts In kind for sale or distribution are Included in the account5 as glfts only when sold or dlstrtbuted by the charlty. Glfts In nd for use by the charlty a In¢luded in the SOFA as incoming resources when receivable. These are only Included In IncDtning resources (with an equlv3lent amount In resources expended) where the benefit to the charity Is reasonably quantifiable, measurable and materlal. The value placed on these resourtrs is the estimated value to the charlty of the Servi or facility recelved. The value of any voluntary help recelved Is not Included In the accounts. This 15 inclu(5ed In the accounts when receivable. This Included any gain or loss on the sale of Investments and any 9ain or loss reitIng from revaluing Investments to market value at the end of the year.
CHRIST CHURCH SOUTHAMPTON {Charitable intorpotel Or9an15arionl NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023 I. ACCOLINTING POLICIES Icontlnuedl Exp¢ndltur¢ and Llabllltles Liablllties a recognised a5 soon a5 there k5 a legal or constructlve obllgation commlttino the d)adty to pay out resources. Include costs of the preparatlon and ex8mlnation of statutory accounts, the costs of the trustees meeUngs and eost of any legal advise to trustees on govemance or con5tttutlonal matters. whe the charlty gives a grant with CDnditions for its payrnent belng a speclflc level of servSce or output to be provlded, such grants are only recognlsed in the SOFA once the 1plent of the grant ha5 pfDvided the specified service or output. These a only recognised in the account5 when a commltment has been made and the a no condlt10r to be met relaong to a grant whlch remaln In control of the charity. Support costs include ntral funttions and have been alk)cated to actlvlty Cost cateoothes on a ba515 COnstent wlth the se of the resources, e.g. allocatSng property costs by floor areas, or per capiral employed, Stsff costs by the time spent and other costs by their usage. Enve5tments quoted on a recognlsed stock exchange are walued at market value at the year end. Other investment assets are included at tru5tees' best estimate of market value. penson contrlbutlons are charyed ro the Statement of Rnancial Attlvlties as they become payable. These funds can be used for the general oblettives of the Charlty as set out In the trustee5 report. The rnovements of the unrestricted funds are glven Sn the Statement of nancIal Attivltles. These funds a where the donor has specified a purpose forthe donaOn made. These rertcYons often adse as a result of the regular appeals for speclal offerlngs made at the Sunday fellowship meetinos. These funds are funds set aside by the trustees out of unre5trftted general funds for specmc purposes or projects. Fixed Assets are capitallsed If they can be used for more than one year and co at least £1.500. They are valved at cost or, If gifted. at the value to the charlty on recelpt. stock Is held at the lower of cost and net rtalisable value. Depreciatlon Is calculated at a rate to wrtte off the cost of tanoible fixed assets on a Straight line baS over thdr estlmated useful lives. The rate5 applied per annum are as follows.. Lan4 & Buildlngs Motor Vehlcles 20
CHRIST CHURCH SOVTHAMPTON (Charitable Incorporated Oroanisation) NOTES TO THE FINANCIAL STATEMENTS {continued) FOR THE YEAR ENDED 31ST DECEMBER 2023 2. TANGIBLE FIXED ASSETS Flxtures Fiwngs & Equlpment Land & Motor Vehlcles 2023 Totsl Cost Addltlons D15P05als Cost Value at 01-Jan-23 280,167 5,995 6,350 286,162 6,350 31-Dec-23 280,167 6,350 286,517 Depreciatson Charge Dlsposal Depreciatson at 01-Jan-23 14,942 5,603 5,995 1.270 5.995 1,270 20,937 6.873 5,995 21.815 31-Dec-23 20,545 Net Book Value 3L-Dec-23 259,622 265,225 5,080 264,701 265,225 Net Book ValLJe 3L-Dec-22 The annual commltments under non-cancelllng operaiing leases and capital commitsnents are as follows.. 31st December 2023 None 31st December 2022 None 3. INVESTMENTS The CIO held no flxed Investments durtng thls or the prevlous fln?ncial pemod. 4. INCOMING RESOURCES unStrICted Funds Restritted Fund5 TOTAL 2023 TOTAL 2022 Note a) Donatlons¢ L•gaclgs & Slmllar Income Glfts, Tlthes & orrerlngs Glft Aid Tax Recovered Grants 374,819 73,070 33,765 11.8gB 253 37,945 386,717 73,323 71,710 347.812 67.279 51,536 481.654 50.096 531,750 466 627 b} Investment Ineome Interest Recelved 6,042 6,042 1,290 6,042 6,042 1,290 ¢1 Ch•iltable Artl¥itles Attivities & Events Weekend Away Event Bookstall Inwme Food Contrlbutions Residentials other Income 2,338 18,637 2,895 10,034 18,064 2,338 18,637 2,895 10,034 18,064 802 10,286 2.858 6,765 8.832 582 52,770 12
CHRIST CHURCH SOUTHAMPTON (Charitèble Inttrporated Organisabonl NOTES TO THE FIP4ANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023 S. RESOURCES EXPENDED Unrestrlcted Funds Restrfcted Funds TOTAL 1023 TOTAL 2022 Note ) Chailtable A¢livleS Staff Costs Mlnlstry Support ro Members li 319.399 29,471 348,870 320,535 2,500 Depreclation Expense Premises Costs Ofice Costs Vehlcle Costs Venue Hlre 1,270 L5.253 9,014 2,397 15,695 5.603 9,324 745 6,873 24,577 9,759 2,397 15,695 6,502 18,223 IL,967 2,214 13,153 Age Speclflc ActiVe$ BoDk5tall Costs Food Costs MYC 2,040 6,031 20,930 20,821 4,946 20,655 13,290 2,040 6,031 21,290 20,821 4,946 20.655 13,290 11,348 5,293 L7,421 7.762 9.466 360 Activities & Events Weekend Away Event Runnlng Costs 9.475 External Nlnlstry Support Afflllatlons 36,523 6,412 5.867 42,390 6,412 18,661 4,680 494 676 51,370 546,046 45>,199 bl Governance Costs Independent Exam1ners Fees Le9al PA ProfeSOnal Fees 1,440 954 I,Ho 954 L,380 2,394 2.394 1,3BO 13
CHREST CHURCH SOUTHAMPTON (Charitable Incorporated Oryani5ation) NOTES TO THE FINANCIAL STATEMENTS {continued} FOR THE YEAR ENDED 31ST DECEMBER 2023 6. FUNDS MOVEMEf4T Balance Balance 31-Det-23 01-Jarb-23 Income Expendlture Transfer (Thrlst Church Southampton Freemantle 13,680 285,174 42.063 8.033 35.434 15,936 20,309 277,271 298,854 50,096 51,370 297,580 Unrestrlcted Funds The restrlcte¢ funds held are wholly represented by the cash reserves of the CIO. 7. CASH AT BANK AND IN HAND Unrestdcted Fund Restdcted Fund Total 31-Dec-23 Total 31-Dec-22 Cash at Bank & In Hand 259,945 37,958 297,903 237,982 159,945 297 903 237 982 8. DEBTORS AND PREPAYMENTS Unrestricted Fund Restritted Fund Total 31-Detr23 Total 31-De22 Sundry Debtors 27,961 27.961 42,522 9. CREDITORS: AMOUNTS FALLING OUE WThHIN QNE YEAR unrestritted Fund Restricted Fund Total 31-D¢c-23 Total Yl-De¢-22 Sundry Creditors Defefred Intome PAYE & NI Independent Examlners Fees 511 3,075 5,474 1,440 511 3,075 5,474 1,440 5.201 3,119 1,152 1,380 10. CREDzfoAS: AMOUNTS FALLIIIG PUE IN MORE THAN ONe YEAR Unrestrlcted Fund Re5trlcted Fund Total 31-Dec-23 Total 31-Dec-22 Sundry Credltors
CHRIST CHURCH SOUTHAMPTON (Chariiable Incorporated Organisation) NOTES TO THE FINANCIAL STATEMENTS {contlnued) FOR THE YEAR ENDED 31ST DECEMBER 2023 11. STAFF COSTS AND NUMBERS 2023 2022 Gross Wages & Salarles staff Accofflmodatlon Co*s Socsal Securlty Costs Pension Contributions 229,304 90,509 15.895 13,162 210.608 82,171 13,525 14,231 348,870 320,53S Efflployees who were engaged In each of the followlng actyvltles.. 2023 TOTAL 2022 TOTAL Actlvltles In furtherance of oryanisation's oblects io io No employees received ernoluments In excess É60,00012022.' None) 12. PAYMENTS TO TRUSTEES AND OTHER RELATED PARTY TRANSACTIONS During the flnancial year Trusree F.E.O. Saer trIVe £33,125 12022.'E30,5601 In Salary-13red payments and £5,100 12022..£4,7091 In pen51on contrlbutlons In h15 capaclty a5 Senlor Pastor of thrlst Church southamp1. He and This spouse also recelved £30,000 12022..£26,8301 in ntaI payments In connection wlth provlslon of a m?nse. tSJring the flnancial year Trustee J.P. Taylor received £29,660 12022..£27,3631 in salary-related payments and £2,919 12022.'£2,6031 In penslon contrlbutlons hls capaclty Js Asslstant Pastor of Chrfst Church Southampton. He and hls spouse also oceived £16,353 12022..£15,3381 in rental paymeDt5 In connection wlth provisi¢n of 8 manse. Ourlng the fillanclal year Trustee l.D.S Faux recelved E28.800 12022'.£9,6821 In salary related payments, £864 12022.'£2681 In pension Contnbutions and was provlded wlth accommodation at 8 Cost of £20,392 12022'.£10,0001 In hLS capaclly as Pastor of Chdst Church Souihampton. The only other payments of £4,207 made ro 3 trustees conslsted of relmbursements for Items purchased on behalf or the Church In furtherfng the Charfty'5 obleLts. No other payments were made to trustees or any persons connected ywith them dunno this financlal year. No other materlal transactlons took place between the organlsatlon and a trustee or any person connected wlth them. No other trustees received any reffluneratyon or benefEts In kind durin9 the ftnartial year. 13. RISK ASSESSMENT The trustees actlvely revlew the major rf5ks whlch the charty fa5 on a regular bas15 and belleve that rnalntalnlng the free serveS stated, combined with the annual review of the Controls over key financial systems carried out on an annu81 bashs wlll provlde sufficlent resources In the event of adverye CDndltlons. The trustees have also examlned other operattonal and business rlsks which they face and conflrtn that they have establlshed systems to mitl9ate the significant sks. 14. RESERVES POLICY The trustees have consldered the level of reserves they wish to retaln. appropdate to the CIO'S needs. This is based on the CIO'S size and the level of finanti31 tommitments held. The trustee5 aim to ensure the CIO will be able to £ontinue to fulfil Irs chadtatye objectives even If there Is a temporary shortfall In Income or unexperted expenditure. The trustees will endeavour not to Set a51de fund5 unnece55arily. 15. PUBLIC BENEFIT Tre CIO acknowledges its reQuiment to demonstrate clearty that it must have chantable purposes or'aims, that are for the publlc beneflt. Detalls of how the CIO has achleved thls are provlded In the Trustees reporr. The Trustees conflrm that they have paid due regard to the Charity Commlsslon guldance on public beneflt before I01g what activitles the CIO should undert8ke.