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2023-03-31-accounts

THE PARLIAMENTARY CHRISTIAN TRUST

TRUSTEES' ANNUAL REPORT AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2023

THE PARLIAMENTARY CHRISTIAN TRUST

(Incorporating Christians in Parliament,

the National Parliamentary Prayer Breakfast and Christians in Politics)

Page
Trustees’ Annual Report: 3
Administrative details 3
Charity structure 3
Objectives and activities 4
Public benefit statement 5
Achievements and performance: 5
• Christians in Parliament 5
• National Parliamentary Prayer Breakfast 7
• Christians in Politics 7
Financial Review 10
Reserves policy 10
Future plans 10
Statement of Trustees’ responsibilities 11
Independent Examiner’s Report 12
Receipts and Payments Account 13–14
Statement of Assets and Liabilities 15
Notes to the Accounts 16
National Parliamentary Prayer Breakfast – Receipts and Payments Account 17
Christians in Politics – Receipts and Payments Account 18

2

TRUSTEES’ ANNUAL REPORT FOR PARLIAMENTARY CHRISTIAN TRUST

The Trustees present their report and accounts for the year ended 31 March 2023.

Administrative details

The Trustees serving during the year and at the year-end were:

Mrs Eve Burt MBE Rt Hon Sir Stephen Timms MP
Rt Hon Sir Jeffrey Donaldson MP Rev Baroness Maeve Sherlock of
Durham OBE
Tim Farron MP
Rt Hon Baroness Nicky Morgan of Sir Gary Streeter MP (Chair)
Cotes PC

The day to day management of the Charity is conducted by the Trust Administrators : Mrs Alison Holloway, Room 484, Portcullis House, House of Commons, London SW1A 2LW Mr Nigel Double, 7 Knighton Close, Hampton Vale, Peterborough PE7 8LJ

Charity office:

Room 484, Portcullis House, House of Commons, London SW1A 2LW

Websites:

https://www.christiansinparliament.org.uk https://www.christiansinpolitics.org.uk

Bankers:

Barclays Bank Plc, Westminster Branch, 2 Victoria Street, London SW1H 0ND

Independent Examiner:

Mr Neville Reid, 19 Mills Grove, London E14 0RH

Structure, governance & management:

The Parliamentary Christian Trust began as the Parliamentary Christian Fellowship Trust, which was established by Trust Deed in 1989 (registered charity number 801739).

After due consideration of plans to employ members of staff to assist in the running of the All Party Parliamentary Group (Christians in Parliament), the trustees established a new Charitable Incorporated Organisation (charity number 1168573) in 2017, which superseded the original trust.

3

THE PARLIAMENTARY CHRISTIAN TRUST

CHARITY STRUCTURE

Board of Trustees Mrs Eve Burt MBE Rt Hon Sir Jeffrey Donaldson MP Rt Hon Sir Stephen Timms MP Rt Hon Baroness Nicky Morgan of Cotes P C Sir Gary Streeter MP Tim Farron MP Rev Baroness Maeve Sherlock OBE Administrators: Nigel Double & Alison Holloway

Christians in Parliament Christian in Politics National Parliamentary Steering Group Advisory Board Prayer Breakfast Chair: Sir Gary Streeter MP Chair: Sir Gary Streeter MP Chair: Rev Mark Harris Secretary: Andrew Carnegie Appointed new every year Claire Newman Treasurer: David Canning Admin: Christians in Parliament Admin: Alison Holloway Youth and Student Rep: Amy Fortnam Reverend Celia Apeagyei-Collins Baroness Elizabeth Berridge Baroness Sal Brinton Andy Flannagan Rev Mark Harris Claire Mathys Andy Reed OBE Rt Hon Sir Stephen Timms MP

4

Objectives and activities

The object of the Charity (PCT) is the promotion of the Christian faith, and in particular to advance Christian teaching among those working in the Houses of Parliament and elsewhere in the nation.

The provision of activities of the Parliamentary Christian Trust is designated to Christians in Parliament, the All Party Parliamentary Group (APPG) in Westminster. Sir Gary Streeter MP was appointed chair in June 2010, with Rt Hon Sir Stephen Timms MP as Treasurer. Officers for the APPG are elected annually at the group’s AGM.

The purpose of the APPG is to provide an opportunity for Christians of all denominations to come together at the Palace of Westminster for fellowship, worship, prayer, discussion and witness.

Public benefit statement

The Trustees have regard to the Charity Commission’s guidance on public benefit. The majority of the Charity’s activities are specifically for a distinct group of the public, namely those working in the Palace of Westminster and those associated with them. All are welcome to attend the meetings who fall into this category. However, certain activities are open to all members of the public and the Trustees welcome the opportunity this affords for Members of Parliament to meet and work with churches around the area.

Christians in Politics (CiPol) exists to take the biblical case for positive political engagement to the Church in the UK and to encourage and equip Christians across denominations and the political spectrum to respond to God’s call to engage in public life. The call is to participate, not just commentate.

The National Parliamentary Prayer Breakfast is open to many people including those in public office both in the UK and around the world.

Achievements and performance:

Christians in Parliament (CiP)

Christians in Parliament is an All-Party Parliamentary Group, which exists to support Christians of all parties in putting their faith into practice in their work in Parliament and to be a resource for all in considering the relevance of the Bible and Christian faith to personal and political life. We do this through:

The group is bi-cameral, cross-party, and non-denominational and we work in close partnership with the Speaker’s Chaplain, the Roman Catholic Duty Priest in Parliament and

5

Westminster Abbey. The CiP team is comprised of Rev Mark Harris (Chaplain), Claire Newman (Senior Parliamentary Officer) and Alison Holloway (Parliamentary Officer).

Discipleship & pastoral support

Events

6

Public theology

Over the past year we have sought to equip Members and staff with resources to deepen their understanding of how the Christian faith should apply to politics and public life by:

National Parliamentary Prayer Breakfast

After two years online, we were delighted to be able to hold a physical Prayer Breakfast in Westminster Hall, which was streamed live from

the event for the first time. Our theme was ‘ Serving the Common Good ’ and Revd Les Isaac OBE, founder of Street Pastors and President of Ascension Trust, gave the keynote address. After the main Breakfast our partners offered a programme of seminars as well as a dedicated hybrid event for church leaders later in the morning.

The Breakfast was attended by 700 people, with 180 Members in attendance including the Prime Minister, Leaders of all the Opposition Parties as well as members of the Cabinet. We also had over 40 delegates attending as part of the Freedom of Religion and Belief interministerial conference and were delighted to be able to showcase how freedom of religion and belief enables people to serve their community in the name of Jesus. We also had over 800 people join the live-stream, and the Breakfast has subsequently been viewed by over 15,000 people.

Christians in Politics

Context

Christians in Politics (CiPol) exists to inspire and encourage Christians to get involved in politics and public life. We strive to put kingdom before tribe and disagree well. Christians in Politics draws together Christians from across the political parties and beyond, and from across the breadth of the church. CiPol is led by Andy Flannagan (Executive Director) and supported by ad hoc administrative support.

As has been the case with many organisations, opportunities have slowly increased this year as the hangover from the pandemic has begun to wear off. Some Christian festivals have reemerged, while others have unfortunately perished. The investment, over many years, in relationship-building with various conferences and events has proved fruitful, as whilst

7

many are running reduced seminar programmes, they are now prioritising the involvement of Christians in Politics.

External engagement 2022–2023

CiPol's (expanding) speaking team has completed 14 speaking events online, 25 in person, 32 radio segments and 4 podcasts. Over the year they have had 17 articles published. Some examples follow:

Conferences and events : Gather SUMMIT Manchester, Gather Church Leaders Day Manchester, Churches together in Torquay, Churches Together in Plymouth, Satellites Festival, New Wine A and B, Declaration National Prayer Event, Creationfest, National Peace and Justice Conference, Word on the Wash Conference, Big Church Day Out, Rural Deanery Teams, Senedd Cardiff, Bible Society Team Day, St Georges Tiverton, Work and Go Conference, National Conference Manchester with LICC and OMF, Cedarwood Festival miniseries, South West Youth Ministries Theology College, Summer School Conference, NDOPW gathering, CityVision gathering

Theological colleges : Wycliffe Hall, St Mellitus, Salvation Army Leadership College Radio/TV/Podcasts : 32 radio/TV segments. Appeared on: BBC radio, UCB radio, TWR radio, Premier radio and God TV, Sorted Magazine Back Story podcast, Hopeful Activist podcast, Tim Farron Podcast, Sarah Teibo podcast

Articles : 17 articles published in Premier Christianity Magazine, Sorted Magazine, Christianity Today, World Prayer Centre Magazine, Church of England Newspaper, Reform (URC), christian.co.uk

Most notable was the cover story published in Christianity magazine about the impact of the National Parliamentary Prayer Breakfast, which was listed in their Top10 articles of 2022. The Executive Director has recorded some new shows for GOD TV using the material from the Influence Course to reach a new demographic.

New Wine 2022

Nowhere was the church’s awakening to politics better illustrated than at New Wine 2022. Around eight years ago, the sessions took place in the smallest seminar venues at the fringes of the site. This year 650 people filled the largest afternoon venue during both weeks. The sessions consisted of Christians in Politics video material, political theology teaching and interviews with prominent politicians: Sir Gary Streeter MP in week 1 and Rachael Maskell MP in week 2.

Influence Course

This year saw the launch of the 6-week Influence Course book and the Influence Course Online – www.influencecourse.co.uk. Again, it represents our material making the journey from fringe subject to mainstream discourse, as the book, published by David C Cook, the significant US publishing house, is available from all the mainstream Christian bookshop/online outlets.

Some new local councillors and a new campaign group have already emerged from the churches who piloted the course, and a question written by one of the groups was asked at Prime Minister’s Questions. The following two quotes come from individuals who have completed the course:

8

Rev Jonathan Phillips, St Peter’s Chester

“ When Lizzie Jewkes first suggested running the Christians in Politics Influence Course St Peter's at the Cross was on the cusp of facing what it means to be a political church. The news was full of BLM and I had more than a few people keen and focused on what our response was going to be. Through my own reading it began to dawn on me that I have significantly underestimated how political the gospel is – and that is the realisation: the gospel is political. Standing for the lost, the last, the least and the lonely is political. Believing in a God who loved the world so much that He gave up His only Son to save it – that is political, and it leads to a people that are engaged, fired up and ready to be counted at every level of society. Or at least, that’s what it should do. The Christians in Politics Influence Course is something that enables exactly that and creates space for a church community to engage with challenging teaching and gives practical advice on where we can action that teaching.”

Kevin Thomas, Christchurch Baptist Church

"Engaging with the political world & public life, either as a Christian or Church, is something for which many of us feel unprepared for or uncertain about. The Influence Course gave us the Biblical foundations, the tools & the confidence to begin that engagement"

Online

On the launch day we had six different online sessions to display the course, and we were joined by journalists, parliamentarians and church leaders. The response was phenomenal, and it led to many people wanting to lead the course in their locality. The course is not just targeted at the politically active but aims to help every individual work out how they can contribute to the public square.

Support for the agency leaders

The leadership of the Liberal Democrat Christian Forum, Conservative Christian Fellowship and Christians on the Left has been in some level of flux over the last year. It has therefore been an important part of the role of the Executive Director to co-ordinate the agency leaders and provide pastoral support.

Gather Movement

Having represented CiPol at many Gather Movement events such as Movement Day, the Executive Director has been asked to join the leadership team of Gather Movement UK. This will provide strategic access for Christians in Politics to town-wide and city-wide unity movements, which are our partners of choice for local events and local groups. Further partnerships with the national Churches Together in England body are in development for a similar purpose.

Local groups

Our local groups have continued to bear fruit. For example, in Leeds, we saw 12 Christians in Politics members elected or re-elected in the city council elections. Despite standing against one another, they continued to pray together and encourage each other. In Northern Ireland, the local group has been working hard to build a new and younger cohort of members and has got involved in local speaking engagements at two of the biggest summer festivals.

9

Financial review

Finances supporting the work of Christians in Parliament (CiP), the National Parliamentary Prayer Breakfast (NPPB), and Christians in Politics (CiPol) are overseen by the Trustees of the Parliamentary Christian Trust (PCT). The budgets of each of these are monitored to ensure that each fund of the charity operates within its means.

Total incoming resources of the charity for the year were £174,313 and total expenditure was £183,322, resulting in a deficit of £9,009 for the year. Bank balances carried forward at the end of the year were £203,900, comprising £113,460 for CiP, £43,825 for NPPB and £46,615 for CiPol.

After a review of investments in March 2016, £56,000 from funds that had been donated to CiP were invested with COIF Charities Ethical Investment Fund Accumulation Units. On the 31 March 2023 the value of these investments of the PCT stood at £106,685. The Trustees expect to realise these investments over the next few years in order to sustain CiP’s current staffing levels during anticipated future shortfalls in income while identifying new sources of funding.

Reserves policy

The Trustees regularly review the level of reserves to ensure that the Trust holds sufficient funds to meet its regular and contractual commitments and those arising from other obligations. Their policy is to maintain free reserves sufficient to cover nine months’ running costs and other payroll obligations. In the reported financial year, this gives a reserves target of £100,000 for CiP (including the balance on the designated fund for salaries), and £25,000 for CiPol. The reserves target for NPPB is £15,000, in order to manage the cash flow of payments due to suppliers in advance of income from ticket sales.

Future plans

Arrangements are being made for various events scheduled to take place in the coming year; these include monthly worship services, regular bible teaching sessions, prayer gatherings and fellowship groups.

There are plans to continue when possible to hold the National Parliamentary Prayer Breakfast in each year of parliament.

In order to match regular cycles for funding and for the work of the Trust, the financial yearend is being changed to 31 August, and therefore the next report will cover a shorter period of just five months from April to August 2023.

10

Statement of Trustees, res onsibiltties The charity trustees are responsible for preparing the 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 fair view 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 apply them consistentlv- observe the methods and principles in the applicable guidance. make judEements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed. subject to any rnaterial departures disclosed and explained in the financial statements: prepare the financial statements on a going concern basis unless it is inappropriate to presume 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 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 takin8 reasonable steps for the prevention and detection of fraud and other irregularities. roval This report was approved bytheTrustees on 12 July 2023 and signed on their behalf by: Rt Hon Sir 51ephen fimms MP Sir Gary Streeter MP li

Independent Examinerfs Report To the trustees of the Parltamentary Christian Trust I report to the trustees on my examination of the accounts of the above charity {"the Trust") for the year ended 31 March 2023. Responsibilities and basis of report As the charity trustees of the Trust. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the AcV}. I report in respect of my examination of the Trusys accounts c3rried out under section 145 of the Act and in carrying out my examination. I have followed the applicable Directions given by the Charity Commission under section 145151{bl of the Act. Independent examinevs statement I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination which give me cause to believe that in any material respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Neville Reid ACA 19 Mills Grove, London E14 ORH 12 July 2023 12

THE PARLIAMENTARY CHRISTIAN TRUST

Receipts & Payments Account for the year ended 31 March 2023

Incoming resources
Voluntary income
Gifts and donations
Tax recovered
Income from events
National Prayer Breakfast
Christians in Politics events
Investment income
Interest received
Total incoming resources		 Unrestricted
fund
£
Designated
(salaries)
fund
£
Restricted
funds
£
2023 Total
funds
£
2022 Total
funds
£
(
NPPB &
CiPol
)
13,277
90,000
46,108
149,385
136,102
-
-
14
14
55
(
Christians in Parliament
)		 Unrestricted
fund
£
Designated
(salaries)
fund
£
Restricted
funds
£
2023 Total
funds
£
2022 Total
funds
£
(
NPPB &
CiPol
)
13,277
90,000
46,108
149,385
136,102
-
-
14
14
55
(
Christians in Parliament
)		 Unrestricted
fund
£
Designated
(salaries)
fund
£
Restricted
funds
£
2023 Total
funds
£
2022 Total
funds
£
(
NPPB &
CiPol
)
13,277
90,000
46,108
149,385
136,102
-
-
14
14
55
(
Christians in Parliament
)
13,277
90,000		 46,122
149,399
136,157
-
-
-
-		 24,142
24,142
-
450
450
1,931
-
-		 24,592
24,592
1,931
220
-		 102
322
12
220
-		 102
322
12
13,497
90,000		 70,816
174,313
138,100

13

THE PARLIAMENTARY CHRISTIAN TRUST

Receipts & Payments Account for the year ended 31 March 2023

Unrestricted
fund
£
Designated
(salaries)
fund
£
Restricted
funds
£
2023 Total
funds
£
2022 Total
funds
£
(
NPPB &
CiPol
)
Expenditure on direct charitable activities
Salaries – Ministry work
-
89,378
27,022
116,400
114,262
Pension costs
6,755
2,058
8,813
8,437
National Prayer Breakfast – Hospitality
-
-
16,754
16,754
-
National Prayer Breakfast – Event costs
-
-
18,155
18,155
11,792
Christians in Parliament events
9,330
-
-
9,330
1,244
Christians in Politics events
-
-
-
-
2,230
9,330
96,133
63,989
169,452
137,965
Support costs
Administration costs
1,500
-
1,600
3,100
3,694
Staff welfare, training and travel
649
-
654
1,303
1,835
Postage, stationery & software
1,261
-
4,311
5,572
5,333
Insurance
-
-
352
352
335
Professional fees
500
-
-
500
-
Payroll service
-
585
195
780
815
Independent examination
834
-
1,080
1,914
1,830
Bank charges
108
-
-
108
91
Other expenses
241
-
-
241
5
5,093
585
8,192
13,870
13,938
Total expenditure
14,423
96,718
72,181
183,322
151,903
Surplus/(deficit) of income
over expenditure
(926)
(6,718)
(1,365)
(9,009)
(13,803)
Bank balances brought forward
56,802
64,302
91,805
212,909
226,712
Bank balances carried forward
55,876
57,584
90,440
203,900
212,909
(
Christians in Parliament
)		 Unrestricted
fund
£
Designated
(salaries)
fund
£
Restricted
funds
£
2023 Total
funds
£
2022 Total
funds
£
(
NPPB &
CiPol
)
Expenditure on direct charitable activities
Salaries – Ministry work
-
89,378
27,022
116,400
114,262
Pension costs
6,755
2,058
8,813
8,437
National Prayer Breakfast – Hospitality
-
-
16,754
16,754
-
National Prayer Breakfast – Event costs
-
-
18,155
18,155
11,792
Christians in Parliament events
9,330
-
-
9,330
1,244
Christians in Politics events
-
-
-
-
2,230
9,330
96,133
63,989
169,452
137,965
Support costs
Administration costs
1,500
-
1,600
3,100
3,694
Staff welfare, training and travel
649
-
654
1,303
1,835
Postage, stationery & software
1,261
-
4,311
5,572
5,333
Insurance
-
-
352
352
335
Professional fees
500
-
-
500
-
Payroll service
-
585
195
780
815
Independent examination
834
-
1,080
1,914
1,830
Bank charges
108
-
-
108
91
Other expenses
241
-
-
241
5
5,093
585
8,192
13,870
13,938
Total expenditure
14,423
96,718
72,181
183,322
151,903
Surplus/(deficit) of income
over expenditure
(926)
(6,718)
(1,365)
(9,009)
(13,803)
Bank balances brought forward
56,802
64,302
91,805
212,909
226,712
Bank balances carried forward
55,876
57,584
90,440
203,900
212,909
(
Christians in Parliament
)		 Unrestricted
fund
£
Designated
(salaries)
fund
£
Restricted
funds
£
2023 Total
funds
£
2022 Total
funds
£
(
NPPB &
CiPol
)
Expenditure on direct charitable activities
Salaries – Ministry work
-
89,378
27,022
116,400
114,262
Pension costs
6,755
2,058
8,813
8,437
National Prayer Breakfast – Hospitality
-
-
16,754
16,754
-
National Prayer Breakfast – Event costs
-
-
18,155
18,155
11,792
Christians in Parliament events
9,330
-
-
9,330
1,244
Christians in Politics events
-
-
-
-
2,230
9,330
96,133
63,989
169,452
137,965
Support costs
Administration costs
1,500
-
1,600
3,100
3,694
Staff welfare, training and travel
649
-
654
1,303
1,835
Postage, stationery & software
1,261
-
4,311
5,572
5,333
Insurance
-
-
352
352
335
Professional fees
500
-
-
500
-
Payroll service
-
585
195
780
815
Independent examination
834
-
1,080
1,914
1,830
Bank charges
108
-
-
108
91
Other expenses
241
-
-
241
5
5,093
585
8,192
13,870
13,938
Total expenditure
14,423
96,718
72,181
183,322
151,903
Surplus/(deficit) of income
over expenditure
(926)
(6,718)
(1,365)
(9,009)
(13,803)
Bank balances brought forward
56,802
64,302
91,805
212,909
226,712
Bank balances carried forward
55,876
57,584
90,440
203,900
212,909
(
Christians in Parliament
)		 Unrestricted
fund
£
Designated
(salaries)
fund
£
Restricted
funds
£
2023 Total
funds
£
2022 Total
funds
£
(
NPPB &
CiPol
)
Expenditure on direct charitable activities
Salaries – Ministry work
-
89,378
27,022
116,400
114,262
Pension costs
6,755
2,058
8,813
8,437
National Prayer Breakfast – Hospitality
-
-
16,754
16,754
-
National Prayer Breakfast – Event costs
-
-
18,155
18,155
11,792
Christians in Parliament events
9,330
-
-
9,330
1,244
Christians in Politics events
-
-
-
-
2,230
9,330
96,133
63,989
169,452
137,965
Support costs
Administration costs
1,500
-
1,600
3,100
3,694
Staff welfare, training and travel
649
-
654
1,303
1,835
Postage, stationery & software
1,261
-
4,311
5,572
5,333
Insurance
-
-
352
352
335
Professional fees
500
-
-
500
-
Payroll service
-
585
195
780
815
Independent examination
834
-
1,080
1,914
1,830
Bank charges
108
-
-
108
91
Other expenses
241
-
-
241
5
5,093
585
8,192
13,870
13,938
Total expenditure
14,423
96,718
72,181
183,322
151,903
Surplus/(deficit) of income
over expenditure
(926)
(6,718)
(1,365)
(9,009)
(13,803)
Bank balances brought forward
56,802
64,302
91,805
212,909
226,712
Bank balances carried forward
55,876
57,584
90,440
203,900
212,909
(
Christians in Parliament
)
9,330
96,133		 63,989
169,452
137,965
1,500
-
649
-
1,261
-
-
-
500
-
-
585
834
-
108
-
241
-		 1,600
3,100
3,694
654
1,303
1,835
4,311
5,572
5,333
352
352
335
-
500
-
195
780
815
1,080
1,914
1,830
-
108
91
-
241
5
5,093
585		 8,192
13,870
13,938
14,423
96,718		 72,181
183,322
151,903
(926)
(6,718)
56,802
64,302		 (1,365)
(9,009)
(13,803)
91,805
212,909
226,712
55,876
57,584		 90,440
203,900
212,909

14

THE PARLIAMENTARY CHRISTIAN TRUST Statement of Assets and Liabillties as at 31 March 2023 Designated unrestrict￿ Isalari8s1 fijnd fund Restrlcted 2023 Total 2022 Total funds fvnds funds NPPB & CiPol hri ns in Parliament Cash at bank las above) 55,876 57.584 90.440 203,900 212,909 Investment assets 106.685 106.685 108,864 Les5: Liabiliti&s 16001 1578} 18601 12,0381 12.6641 Net assets 161,961 57.006 89,580 308.547 3 19,109 Signed.. Rt Hon Sir Stephen fimms MP Signed.. Sir Gary Streeter MP Date: 12 July 202 15

THE PARLIAMENTARY CHRISTIAN TRUST

Notes to the accounts for the year ended 31 March 2023

Basis of accounting

These accounts have been prepared on a Receipts and Payments (cash) basis.

The presentation of interfund balances has been changed from the 2022 report, which showed them as debtors and creditors. They are now included as part of the cash balances.

Funds

Different categories of fund have been recognised in these accounts. Unrestricted funds are those that are available for expenditure at the discretion of the Trustees for any of the objects of the Charity.

The Designated Fund comprises funds received that the trustees have set aside primarily to fund the salaries of the Charity's employees, for the work of Christians in Parliament and supporting the National Parliamentary Prayer Breakfast.

Restricted Funds are those where the donor has placed specific restrictions on the use of the funds donated.

The National Parliamentary Prayer Breakfast is administered by the Trust and all income and expenses relating directly to this event are treated as restricted funds. This is usually an annual event designed to provide fellowship and teaching for Christians from around the nation and the world. It has its own bank accounts. A separate Receipts & Payments Account for this project is included in these Financial Statements; this has been consolidated into the main Receipts and Payments Accounts of the Trust.

Christians in Politics (CiPol) is another part of the Trust's work and is a separate project with its own bank accounts. Therefore, the receipts and payments of Christians in Politics are also kept separate as a restricted fund. Again, a separate Receipts and Payments account is incuded at the end of this report, which is also consolidated in to the main Receipts and Payments Account for the Trust.

Investments

Investments are held as Accumulation Units in the COIF Charities Ethical Investment Fund. The original investment in March 2016 was for £56,000. The valuation as at 31 March 2023 was £106,685 (2022: £108,864). The rationale for holding these investments is set out in the Trustees' Annual Report.

Liabilities

Liabilities comprise pension contributions payable and the independent examination fee for the period.

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NATIONAL PARLIAMENTARY PRAYER BREAKFAST

Receipts & Payments Account for the year ended 31 March 2023

Incoming Resources
Gifts and donations
Ticket sales
Interest received
Total incoming resources
Expenditure on direct charitable activities
Event costs – Hospitality
Event costs – Audio visual
Event costs – Speakers
Design & printing
Other event costs
Support costs
Administration costs
Staff welfare, training and travel
Independent examination
Total expenditure
Net surplus/(deficit) of income
over expenditure
Bank balances brought forward
Bank balances carried forward
Statement of Assets and Liabilities as at
Cash at bank (as above)
Less: Liabilities
Net assets		 2023
£
16,754
14,400
500
1,485
1,770		 2023
£
20,827
24,142
79		 2022
£
-
9,535
500
759
998		 2022
£
8,177
-
4
45,048 8,181
34,909
1,920		 11,792
1,932
1,500
-
420		 1,500
30
402
36,829 13,724
8,219
35,606		 (5,543)
41,149
43,825 35,606
35,606
(420)
35,186

Note: Staff costs related to the National Parliamentary Prayer Breakfast were charged to the designated salaries fund (Christians in Parliament).

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CHRISTIANS IN POLITICS

Receipts & Payments Account for the year ended 31 March 2023

Incoming Resources
Gifts and donations
Tax recovered
Lectures and events
Interest received
Total incoming resources
Expenditure on direct charitable activities
Salaries – Ministry work
Pension costs
Event costs
Support costs
Administration costs
Staff welfare, training and travel
Postage, stationery & software
Insurance
Payroll service
Independent examination
Total expenditure
Net surplus/(deficit) of income
over expenditure
Bank balances brought forward
Bank balances carried forward
Statement of Assets and Liabilities as at
Cash at bank (as above)
Less: Liabilities
Net assets		 2023
£
27,022
2,058
-		 2023
£
25,281
14
450
23		 2022
£
29,083
2,000
2,230		 2022
£
31,060
75
1,931
1
25,768 33,067
29,080
6,272		 33,313
6,302
100
654
4,311
352
195
660		 694
163
4,217
335
263
630
35,352 39,615
(6,548)
62,747
56,199
56,199
(860)
55,339

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