2022-12-31-accounts

CAMBERWELL EVANGELICAL CHURCH

Report and Financial Statements

31 December 2022

Charity Commission Registration: 1166885

CAMBERWELL EVANGELICAL CHURCH

Report and Financial Statements 2022 Contents

	Page
Legal & administrative information	2
Report of the Trustees	3
Independent Examiner's report to the Trustees	7
Statement of financial activities	8
Balance sheet	9
Notes to the financial statements	10

1

CAMBERWELL EVANGELICAL CHURCH

Legal and administrative information For the year ended 31 December 2022

Charity Name Camberwell Evangelical Church	Charity Name Camberwell Evangelical Church
Principal Address 65 Bethwin Road, Camberwell, London SE5 0YR
Charity Registration 1166885. The church	was registered with the Charity Commission on 3 May 2016
Governing Document Church Constitution	dated 28 October 2015.
Objectives The Objects of the Church are those set out at clause 3.1 of the Constitution which
states: "the Objects of the Church are, for the public benefit, to advance the Christian
faith in accordance with the Statement of Beliefs		and Practices in such ways and in such
parts of the United Kingdom or the world as the Trustees from time to time may think
fit." Clause 3.2 is a statement as to the application of both the income and capital in
promoting the Objects set out in clause 3.1. Clause 3.3 is a statement that in pursuit of
its Objects, the Church will continue its association with its umbrella body, the Union of
Evangelical Churches.
The Church is committed to maintaining a Gospel witness in the Camberwell area of
South London.
Affiliations Union of Evangelical Churches.
Managing Trustees The Trustees who served during the year or who were serving at the date of this report
were:
John Gardner
Fred Hintze (Pastor)
Stephen Whitton
Allen Glynn (Treasurer)
Barry Light
John Larlham
Key Management Those in charge of directing, controlling, running and operating the Charity on a day to
Personnel day basis are the Managing Trustees.
Bankers HSBC
47 Rye Lane
Peckham
London SE15 5ET
Independent Examiner John Helm ACA
Tandem Accounting Limited
17 Heathville Road
London N19 3AL

2

CAMBERWELL EVANGELICAL CHURCH

Report of the Trustees For the year ended 31 December 2022

The Trustees submit their report and the financial statements of the Church for the year ended 31 December 2022. The financial statements have been prepared in the format prescribed by the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP2019) and the Financial Reporting Standard 102 (FRS 102). The legal and administrative information set out earlier in this document forms part of this report.

1. Structure, Governance & Management

1.1 The Trustees

The Managing Trustees are responsible for the day to day running of the affairs of the Church. The Managing Trustees are the Pastor and the Deacons. The spiritual leadership of the church is vested in the Pastor as the only elder.

Trustees have to be existing Members of the Church and to be proposed and seconded at a Members' Annual General Meeting and elected by secret ballot with a majority of 75% of Members present required. Deacons stand for re-election every three years. None of the Church’s officers receive remuneration, apart from the Pastor who is a salaried employee.

The Trustees meet at least 4 times per annum to discuss a full range of matters relating to the spiritual progress, direction and oversight of the Church and its Members, finance, fabric, and general administration,

1.2 Members

Requirements for Church Membership are:

• repentance toward God and faith in the Lord Jesus Christ as Lord and the only Saviour of sinners

• acceptance of and conformity to the Constitution and Statement of Beliefs and Practices of the Church; and

• being willing to submit to the discipline and spiritual oversight of the Elder.

Church Members share in the responsibility for the finances, administration, maintenance and activities of the Church and elect the Trustees. Church Members meet twice per annum for an Annual General and an Extraordinary General Meeting and receive reports from the Trustees.

The induction process for anyone applying for Church Membership comprises an initial meeting with the Elder and receipt of copies of the Church Constitution and accompanying Statement of Beliefs and Practices. An interview is then arranged with two of the Deacons, who report back to the Elder as to the candidate’s suitability; the Pastor (the sole Elder) then makes the final decision and any newly approved Church Member is formally welcomed into fellowship at the next Lord’s Supper.

2. Activities & Strategies

The Church is a vibrant, urban, multi-ethnic, evangelical congregation with a membership of around 25. On a wider front the Church is a member of the Union of Evangelical Churches (registered charity 1126849),

The Trustees have given due regard to the Charity Commission’s guidance on public benefit. During the year the Church continued to maintain the following activities in order to promote the Gospel in the local neighbourhood and beyond:

Activities run physically from and local to the Church premises in 2022.

• Sunday morning and evening worship services – All Year

• Wednesday evening Bible Study and Prayer Meeting – All Year

• Friday Youth Club – ages 5 – 12

• Tuesday Bible study discussion group

• Saturday morning football for every other week

• Annual Christmas Carol Service

• Annual week long Easter Holiday Special youth club

3

CAMBERWELL EVANGELICAL CHURCH

Report of the Trustees For the year ended 31 December 2022

The Lord’s Day worship and outreach services are the core activities of the Church. Meeting twice on a Sunday, they provide for Christian public worship, prayer, preaching the Word of God and fellowship. Those attending on a regular basis, numbering up to 50 of all age groups, mainly live locally, but any other visitors are welcome.

3. Achievements and Performance

As a Church we give thanks to God that He has seen fit to continue to bless our endeavours to serve Him over many years. We pray that God will enable us to be good stewards of the gifts and resources with which He has entrusted us.

Our aim remains, to provide children and young people with a safe and happy environment in which they can meet with friends, make new friendships, play games, participate in sport, learn to cook and make handicrafts.

In all that we do our priority is to serve the Lord, and thus the gospel of the Lord Jesus Christ is preached at every opportunity at these various meetings.

As a Christian church we share our faith and promote the value of good citizenship. Children and adults of all faiths and cultural backgrounds are welcome to attend our activities.

The need for churches like ours to open their doors weekly to the young and youth of inner city London, became abundantly apparent in 2019, when two young men with whom we had close contact when they were boys (one of them from the age of seven), were stabbed to death in the vicinity of the church, being victims of gang warfare.

At all of our youth activities through the teachings of the Christian faith, young people are regularly reminded of their civic responsibilities to one another, that they are accountable for their actions and the consequences of them, as well as warning them of the dangers that many young people growing up in the city face. We encourage them to embrace the Christian principles of Forgiveness, Reconciliation, Love and Peace and, by the grace of God, we will continue to do so.

Prior to COVID Monday club, Girls club (Tuesday ), Boys club (Thursday), and two youth clubs were held on Tuesdays and Thursdays. – Since reopening these have been replaced by newly formed and revised Friday Club where we have a register of over 50 names with 25+ on a weekly average attendance.

Some former Pre COVID Weekly Activities have not yet recommenced during 2022

Sunday School including; Young Believers’ Class. Sunday Group / Adult Bible Class.

Open Air Meeting (Sunday evening).

4. Financial Review

4.1 Financial Activity and Financial Position

The Statement of Financial Activities and Balance Sheet can be found on pages 9 and 10 respectively. The Church’s reserves decreased by £24,077 (2021 – decreased by £4,357) during the year. The Balance Sheet shows total net assets of £308,553 (2021: £332,630). The main assets remain the cash and bank deposits and the bond fund investments.

Included in total funds are amounts totalling £2,241 (2021: £2,550) which are restricted. These balances have either been raised for, and their use restricted to, specific purposes, or they comprise donations subject to donor imposed conditions. Full details of these restricted funds can be found in note 8 to the accounts together with an analysis of movements in the year.

4

CAMBERWELL EVANGELICAL CHURCH

Report of the Trustees For the year ended 31 December 2022

4.2 Reserves Policy

The Trustees have examined the requirements for free reserves. The Trustees consider that, given the nature of the Church’s work, free reserves should be equivalent to approximately 12 months’ routine general fund expenditure plus committed future expenditure on other projects, where applicable and where funds permit. The Trustees are of the opinion that this provides sufficient flexibility to cover temporary shortfalls in incoming resources and will allow the Church to cope and respond to unforeseen emergencies whilst specific action plans are implemented.

At 31 December 2022 the Church had net free reserves of £304,565 (2021: £326,586) as follows:

Total reserves Less: restricted funds Less: fixed assets Free reserves Free reserves requirement: 12 months’ budgeted routine expenditure Balance held to cover future eventualities, under God, and to secure the ongoing work of the church long-term, providing for any unforeseen circumstances	2022	2021 £ 332,630 (2,550 (3,494	) )
	£
	308,553
	(2,241)
	(1,747)
		326,586
	304,565
		63,000 263,586
	63,000
		326,586
	304,565

5. Plans for Future Periods

The Church has through COVID moved forward into a the digital world and will continue with online access to it’s services reaching out to community who cannot attend for all kinds of reasons. Facebook and YouTube feeds have proven to be popular and well used.

Evangelistic services will be held at Easter and Christmas services seeking to invite parents of the children attending Friday Club – This will be a feature of the new calendar for church events, The 2021 Christmas service saw 100 people in attendance with over 50 visitors.

The Easter service in 2022 and a Baptismal service again saw good numbers of visitors.

It is expected that mew members will be added to the church in 2022.

6. Responsibilities of The Trustees for the Financial Statements

The Trustees are responsible for preparing the report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law 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 Church and of its financial activities for that period. In preparing those financial statements, the Trustees are required to:

• select suitable accounting policies and apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the activities of the Charity will continue.

5

CAMBERWELL EVANGELICAL CHURCH

Report of the Trustees For the year ended 31 December 2022

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011. The Trustees 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.

7. Approval

The report of the Trustees was approved by the Trustees on 15[th] July 2023 and signed on their behalf by:

Fred Hintze Pastor

6

CAMBERWELL EVANGELICAL CHURCH

Report of the Independent Examiner to the Trustees of Camberwell Evangelical Church

I report on the financial statements of Camberwell Evangelical Church for the year ended 31 December 2022, set out on pages 8 to 17.

This report is made solely to the Trustees in accordance with section 145 of the Charities Act 2011 (the Act). My independent examination has been undertaken so that I might state to the Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by the law, I do not accept responsibility to anyone other than the Trustees for my independent examination, for this report, or the opinions I have formed.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The Trustees consider that an audit is not required for this (under section 144(2) of the Act) and that an independent examination is needed.

It is my responsibility to:

• Examine the accounts (under section 145 of the Act);

• To follow the procedures laid down in the General Direction given by the Charity Commission (under section 145(5)(b) of the Act); and

• To state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER’S STATEMENT

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.

INDEPENDENT EXAMINER’S STATEMENT

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the church 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.

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.

John Helm ACA 15[th] July 2023

7

CAMBERWELL EVANGELICAL CHURCH

Statement of Financial Activities For the year ended 31 December 2022

Note Income from: 2 Offerings, donations and legacies Investments Total Income Expenditure on: Charitable activities 3 Total Expenditure Net gains/(losses) on investments Net income Transfers between funds Other recognised gains/(losses) Net movement in funds Total funds brought forward Total funds carried forward	Unrestricted Funds 2022 £ 60,535 5,415 65,950 63,695 63,695 (26,023) (23,768) - - (23,768) 330,080 306,312	Restricted Funds 2022 £ 230 16 246 555 555 - ( 309) - - ( 309) 2,550 2,241		Unrestricted Funds 2021 £ 49,851 5,185	) )	Restricted Funds 2021 £ 1,046 - 1,046 1,354 1,354 - ( 308) - - ( 308) 2,858 2,550	Total 2021 £ 50,897 5,185 56,082 64,835 64,835 4,396 (4,357) - - (4,357) 336,987 332,630
			Total
			2022
			£
			60,765
			5,431
				55,036
			66,196
				63,481
			64,250
				63,481
			64,250
				4,396
			(26,023)
				(4,049
			(24,077)
				- -
			-
			-
				(4,049 334,129
			(24,077)
			332,630
				330,080
			308,553

8

CAMBERWELL EVANGELICAL CHURCH

Balance Sheet As at 31 December 2022

Note Fixed Assets Tangible Assets 4 Investments 5 Current Assets Debtors 6 Cash Deposits Cash At Bank And In Hand Creditors - Amounts Falling Due Within One Year 7 Net Current Assets Net Assets Represented by: Restricted Income Funds 8 Unrestricted Income Funds 9 Total Funds	Unrestricted Funds 2022 £ 1,747 155,062 156,809 6,770 90,000 54,048 150,818 1,315 149,503 306,312 - 306,312 306,312		Restricted Funds 2022 £ - 2,000 2,000 (245) - 486 241 - 241 2,241 2,241 - 2,241			Total 2021 £ 3,494 183,085
				Total
				2022
				£
				1,747
				157,062
						186,579 4,348 - 143,018
				158,809
				6,525
				90,000
				54,534
						147,366 1,315
				151,059
				1,315
						146,051
				149,744
						332,630
				308,553
						2,550 330,080
				2,241
				306,312
						332,630
				308,553

The financial statements were approved by the Managing Trustees on 15[th] July 2023 and signed on its behalf by:

Fred Hintze Pastor

9

CAMBERWELL EVANGELICAL CHURCH

Notes to the Financial Statements For the year ended 31 December 2022

1. Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of accounting

The financial statements have been prepared under the Charities Act 2011 and in accordance with the Charities Statement of Recommended Practice (SORP2015) and the Financial Reporting Standard 102 (FRS102). The financial statements are drawn up on the historical cost basis of accounting.

The financial statements include all transactions, assets and liabilities for which the Church is responsible in law.

The Church meets the definition of a public benefit entity under FRS 102.

Going Concern

There are no material uncertainties about the Charity’s ability to continue as a going concern and accordingly the accounts have been drawn up on a going concern basis.

Income recognition

Voluntary income and donations (including legacies) are accounted for once the Charity has entitlement to the income, it is probable the income will be received and the amount of income receivable can be reliably measured. Income from the recovery of tax on gift aided donations is accounted for in the period to which the relevant donation is received. Grant income is recognised on a receivable basis.

Interest on funds held on deposit is accrued. Dividends receivable from investments are accounted for when received.

Expenditure recognition

Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. Longer term liabilities are discounted to present value. The Church is not registered for VAT and accordingly expenditure includes VAT where appropriate.

Charitable expenditure includes those costs in fulfilling the Church’s principal objects, as outlined in the Report of the Trustees. These governance costs which comprise all costs involving the public accountability of the Church and its compliance with regulation and good practice. These costs include costs related to the independent examination and legal fees.

Taxation

As a charity, the church is exempt from tax on income and gains falling within the provisions of the Corporation Taxes Act 2010 or the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen on the church.

Fixed Asset Investments

Realised and unrealised gains and losses on investments are reflected through the Statement of Financial Activities.

Tangible Fixed Assets

The cost of furniture, fittings and equipment, less any expected residual value, is depreciated on a straight line basis over the effective useful life of the asset, which has been estimated as seven years for the kitchen and four years for the Hymnal Plus music system.

Debtors

Debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid.

10

CAMBERWELL EVANGELICAL CHURCH

Notes to the Financial Statements For the year ended 31 December 2022

1. Accounting Policies (continued)

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of opening of the deposit.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount. Provisions have been calculated at the best estimate of the settlement amount and discounted to present value at the reporting date.

Fund accounting

The funds held by the charity are either:

• Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the Trustees.

• Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

2. Income

2. Income
Unrestricted Funds 2022 £ Restricted Funds 2022 £ Donations and legacies Offerings and donations 42,935 475 Gift Aid - Income tax reclaimed 17,600 (245) 60,535 230 Investment income Dividends 4,910 - Bank Interest 505 16 5,415 16 65,950 246						Total 2021 £ 48,687 2,210
			Total
			2022
			£
			43,410
			17,355
						50,897 4,228 957
			60,765
			4,910
			521
						5,185
			5,431
						56,082
			66,196

11

CAMBERWELL EVANGELICAL CHURCH

Notes to the Financial Statements For the year ended 31 December 2022

3. Expenditure On Charitable Activities

Unrestricted Funds 2022 £ Restricted Funds 2022 £ Provision of Pastor Gross salary 29,848 - Manse heat, light & water 2,648 - Council Tax 1,411 - National insurance and P11d rebate to Pastor 258 - 34,165 0 Church life, meetings & outreach Evangelism & young people’s work 1,662 - Visiting Speakers 590 - Church functions & outings 1,013 - Licences, memberships & personnel vetting (DBS checks) 917 - Sundry 237 - 4,419 0 Provision of Church building & facilities Heat, light & water 2,242 - Insurance 1,104 - Maintenance & cleaning 16,459 - Depreciation 1,747 - Minibus - - 21,552 0 Office costs Printing, stationery & postage 155 - Telephone 822 - Accountancy - - Sundry 177 - 1,154 0 Gifts to individuals, missionaries & other churches Phillip Baptiste (Dominica) 250 - Ron & Maria Cunningham (Tanzania) - - Slav Lands Christian Fellowship (Siberia) 100 150 Trinitarian Bible Society 5 245 Other 970 160 1325 555 Governance Costs Independent examination 1,080 - 1,080 0 63,695 555					Total 2021 £ 26,954 2,482 1,350 197
			Total
			2022
			£
			29,848
			2,648
			1,411
			258
					30,983 2,256 100 173 1,059 178
			34,165
			1,662
			590
			1,013
			917
			237
					3,766 2,038 1,562 13,377 2,252 316
			4,419
			2,242
			1,104
			16,459
			1,747
			-
					19,545 550 426 400 119
			21,552
			155
			822
			-
			177
					1495 620 370 994 370 5,742
			1,154
			250
			-
			250
			250
			1,130
					8,096 950
			1,880
			1,080
					950
			1,080
					64,835
			64,250

12

CAMBERWELL EVANGELICAL CHURCH

Notes to the Financial Statements For the year ended 31 December 2022

3. Expenditure On Charitable Activities (continued)

Unrestricted Funds 2022 £ Restricted Funds 2022 £ Wages and salaries 35,438 - National Insurance and P11D rebate to Pastor 258 - 35,696 0 Of which the following gross salaries were paid to Key Management Personnel 29,848 -				Total 2021 £ 32,151 197
		Total
		2022
		£
		35,438
		258
				32,348
		35,696
				26,954
		29,848

There were 2 employees during the year (2021: 2). No employee (2021: nil) received emoluments in excess of £60,000 during the year.

4. Tangible Fixed Assets

Freehold land & buildings £ Fixtures & fittings £ Cost/valuation At 1 January 2022 - 14,248 Additions - - Disposals - - At 31 December 2022 0 14,248 Depreciation At 1 January 2022 - 10,754 Charge for Period - 1,747 Disposals - - At 31 December 2022 0 12,501 Net Book Value At 31 December 2022 0 1,747 At 31 December 2021 0 3,494
		Total
		£
		14,248
		-
		-
		14,248
		10,754
		1,747
		-
		12,501
		1,747
		3,494

The Church occupies the church premises (comprising a church building and flat) at 65 Bethwin Road, Camberwell, London SE5 0YR. The premises are owned by the Union of Evangelical Churches which makes them available to the Church rent free. The Church maintains and insures the church premises under separate policies for buildings (in the name of UEC Camberwell) and contents (in the name of the Church).

13

CAMBERWELL EVANGELICAL CHURCH

Notes to the Financial Statements For the year ended 31 December 2022

5. Fixed Assets Investments

Market Value At 1 January Purchases Sales Net (loss) profit on revaluation At 31 December Market value represented by investments in: FP CAF Fixed Interest B Income Fund Income Units M&G Charibond Income units BMO CAF Responsible UK income Fund BMO CAF Responsible Sterling Corp Bond Fund National Savings Investment Original Cost FP CAF Fixed Interest B Income Fund Income Units M&G Charibond Income units BMO CAF Responsible UK income Fund BMO CAF Responsible Sterling Corp Bond Fund National Savings Investment				2021 £ 178,689 - - 4,396 183,085 44,502 44,314 45,354 46,914 2,000 183,084 47,500 47,500 44,358 44,358 2,000 185,716
		2022
		£
		183,085
		-
		-
		(26,023)
		157,062
		36,727
		39,611
		40,579
		38,145
		2,000
		157,062
		47,500
		47,500
		44,358
		44,358
		2,000
		185,716

The investments are held in the name of Camberwell Evangelical Church.

6. Debtors

6. Debtors
Income tax receivable re Gift Aid Prepayments		2022		2021 £ 4,030 318 4,348
		£
		6,192
		333
		6,525

14

CAMBERWELL EVANGELICAL CHURCH

Notes to the Financial Statements For the year ended 31 December 2022

7. Creditors - Amounts Falling Due Within One Year

Other creditors including taxation and social security Accruals		2022		2021 £ 65 1,250 1,315
		£
		65
		1,250
		1,315

8. Restricted Income Funds

8a. Current Year

Missionary Fund AL Nutkins’ Legacy Fund (Sunday School) Harvest		At 1 January 2022 £ 325 2,000 225 2,550	Income £ Expenditure £ 70 (395) 16 - 160 (160) 246 ( 555)	Income £ Expenditure £ 70 (395) 16 - 160 (160) 246 ( 555)	Income £ Expenditure £ 70 (395) 16 - 160 (160) 246 ( 555)	Transfers £ - - -	At 31	At 31
							December
								2022
								£
								0
								2,016
								225
						0
								2,241

8b. Prior Year

8b. Prior Year
Missionary Fund AL Nutkins’ Legacy Fund (Sunday School) Harvest		At 1 January 2021 £ 633 2,000 225 2,858	Income £ Expenditure £ 1,046 (1,354) - - - - 1,046 (1,354)			Transfers £ - - -	At 31
							December
								2021
								£
								325
								2,000
								225
						0
								2,550

Descriptions of the restricted funds are as follows:

The Missionary Fund. Every month a collection is taken up for our four supported missionaries / missionary organisations. These funds can either be designated for one or more individually, or if not the general collections for this purpose are divided equally between the four. In addition, one church member sends his missionary offering monthly by designated bank transfer and that particular payment is also Gift Aided - both the monthly amount and the Gift Aid thereon are for the ‘general’ missionary fund and are thus divided between all four missionaries. Periodically, the accumulated amounts are forwarded by cheque to three of the missionary entities without any deductions therefrom, and in the case of the fourth by Western Union transfer, which is charged with a small WU fee.

15

CAMBERWELL EVANGELICAL CHURCH

Notes to the Financial Statements For the year ended 31 December 2022

8. Restricted Income Funds (continued)

AL Nutkins’ Legacy Fund. During 1989 Miss A L Nutkins, a lifelong friend and supporter of the Lord’s work in Camberwell, died and left a legacy of £2,000 to the Sir John Kirk Mission, Toulon Street, Camberwell. The Elder and Deacons of the Church, where Miss Nutkins also attended before she became elderly and infirm, took the view, in consultation with the Shaftesbury Society, who owned the Mission premises, but allowed the church to run all its Sunday School and much of its young people’s work there for many years, that as Miss Nutkins would not have been aware of the somewhat complicated legal and financial connection between the Mission and the Church, she would have wished these funds to be used towards the children’s work undertaken on those premises, most particularly the Sunday School, where she had herself taught for a number of years. Accordingly, the legacy has been placed in a National Savings Income Bond and the income is used as an offset against the cost of Sunday School work each year. The interest received in 2022 amounted to £23. The capital of £2,000 is available whenever needed for the same purposes. The Mission premises have long since been demolished, and since then the Sunday School work of the Church has been accommodated in its own buildings.

9. Unrestricted Income Funds

9a. Current Year

General Fund Designated fund – needy Christians		At 1 January 2022 £ 325,329 4,751 330,080	Income £ Expenditure £ Gains/ (losses) £ 65,950 (63,695) (26,023) - - - 65,950 (63,695) (26,023)	Income £ Expenditure £ Gains/ (losses) £ 65,950 (63,695) (26,023) - - - 65,950 (63,695) (26,023)	Income £ Expenditure £ Gains/ (losses) £ 65,950 (63,695) (26,023) - - - 65,950 (63,695) (26,023)	Income £ Expenditure £ Gains/ (losses) £ 65,950 (63,695) (26,023) - - - 65,950 (63,695) (26,023)	Transfers £ - -	At 31	At 31
								December
									2022
									£
									301,561
									4,751
							0
									306,312

9b. Prior Year

9b. Prior Year
General Fund Designated fund – needy Christians		At 1 January 2021 £ 329,378 4,751 334,129	Income £ Expenditure £ Gains/ (losses) £ 55,036 (62,481) 4,396 - (1,000) - 55,036 (63,481) 4,396				Transfers £ (1,000) 1,000	At 31
								December
									2021
									£
									325,329
									4,751
							0
									330,080

The designated fund records a decision of the Members some years ago to commit £1,000 per annum to the support of needy Christians worldwide. In 2018 there was a further decision by the Trustees to commit £6,000 to that fund.

16

CAMBERWELL EVANGELICAL CHURCH

Notes to the Financial Statements For the year ended 31 December 2022

10. Related Party Transactions

Pastor Fred Hintze, a Managing Trustee, received gross remuneration of £29,848 (2021: £26,954) during the year in his employed capacity of Minister. Pastor Fred Hintze also occupied the Church flat, rent free, as part of his contract of employment for the better performance of his duties. His heating and lighting bills are paid by the Church as part of the same arrangement, together with two thirds of his telephone bills.

Pastor Fred Hintze is also a Director of the Union of Evangelical Churches (“UEC”) (Charity No 1126849). During the year the Church made payments of £600 (2021: £700) to UEC by way of membership fees per church member, plus £785 (2021: £1,121) for reimbursement of insurance of the church premises. The UEC owns the Church premises and flat and makes them available to the Church rent free. The Church maintains the Church premises and reimburses UEC re buildings insurance.

The Trustees give anonymously to the work of the Church and therefore the amount of aggregate donations is not known.

17