OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-12-31-accounts

11/4/2022

Christ Church Cheylesmore

Annual Report 2021

The Parochial Church Council of the Ecclesiastical Parish of Christ Church Cheylesmore, Coventry , operating within the Diocese of Coventry, is a registered charity number 1172607. Our mission statement is:

Worshipping God : Bringing us into a more intimate relationship with Christ; Making Disciples : Raising up passionate disciples for Christ; and

Transforming Communities: Combatting loneliness, isolation, and the stress of modern life by creating Christ-centred communities.

The year 2021 was overshadowed by the coronavirus pandemic still. Nevertheless, when we stopped to review the year and count our blessings, we realised the extent to which God was active. Hence, our report this year is a counting of our blessings.

Worshipping God

Making Disciples

Transforming Communities

11/4/2022

Christ Church Cheylesmore

Fabric

People

Treasurer’s Report

The Independent Examiner’s report on our 2021 accounts is presented to the APCM and we thank Gavin Kibble for his work and advice. In what was another challenging year for everybody we give thanks that our finances have been resilient once again and thank everybody for their faithful stewardship. The accounts show that our unrestricted funds grew from £30,934 to £35,180 and restricted funds increased by almost £10,000, notably through the Palm Sunday Gift Day for the Fisher’s Project and C4 works. A further appeal for Fisher’s elicited further pledges of financial support, as reported above under “Making Disciples”. The bank account also holds PCC designated funds of £32,286 as detailed in the report.

We acknowledge with thanks a £2,500 grant from the All Churches Trust towards the roof security system. We also acknowledge the benefit gained by Wave Utilities writing off much of the water charges that had accumulated over the several years it has taken to resolve our registration, this has saved us in excess of £3000. The financial support for the Food Bank from members of this church have been received with thanks and continues to provide much needed support to the wider community.

In 2021 the PCC approved a reserves policy, which was increased at the start of 2022 in the light of escalating inflation and thus a sum of £30,000 is considered to be a prudent level to ensure the smooth financial management of the church cash flow.

As we look forward to 2022 it is clear that the challenges will continue and we trust that God will continue to bless us financially. Thank you for all you do, in whatever capacity, to financially underpin His work in this community. A special thanks to the finance team,

11/4/2022

Christ Church Cheylesmore

especially Jenny & Sarah. If anybody has any questions or wishes to adjust their financial commitment please feel free to contact me. Tony Price.

Safeguarding

Our safeguarding representative on the PCC is Pam Price and our Parish Safeguarding Officer is Sarah Neville who has made regular reports to the PCC and maintained the Safeguarding Dashboard. The PCC are not aware of any major incidents that require reporting to the Charity Commission.

Electoral Roll

The Electoral Roll stood at 88 at the 2021 APCM. At the time of writing, it now stands at 82.

Conclusion

There is no doubt that 2021 was a difficult year in terms of ministry. Sunday attendance has not recovered and we struggle to find volunteers to run many ministries. However, Christ Church has kept going, making changes as necessary. What is clear from counting our blessings is that God is still leading us forward.

The Parochial Church Council of the Ecclesiastical Parish of Christ Church, Cheylesmore, Coventry

The Parochial Church Council of the Ecclesiastical Parish of Christ Church, Cheylesmore, Coventry Financial Statements

31 December 2021 Charity Number : 1172607

1

The Parochial Church Council of the Ecclesiastical Parish of Christ Church, Cheylesmore, Coventry

The Parochial Church Council of the Ecclesiastical Parish of Christ Church, Cheylesmore, Coventry

Accounts for the year ending

----- Start of picture text -----
31 [st] December, 2021
Contents Page
Independent Examiners Report 3
Statement of Financial Activities 4
Notes to Financial Statements 6 - 12
----- End of picture text -----

2

The Parochial Church Council of the Ecclesiastlcol Parish of Christ Church, Cheylesmore, Coventry Independent examlnerfs report to the PCC of Chrlst Church. Cheylesmore I report on the accounts for the year ended 31 December 2021 which are set out on pages 4t0 12. Respectl¥e responslbllltles of the PCC and the examlner The PCC consider that an audit is not required for this year under section 144121 of the Char4tie5 Art 2011 Ithe 2011 Act) and that an independent exarnlnation is needed. It is my re5pon5ibility to examine the accounts under section 145 of the 2011 A¢t,' follow the procedures laid down in the General Dirertion$ given by the Charity Commissioner sertion 145 151 Ibl of the 2011 Art; and State whether particular matter5 have come to my attention. Basts of Independent Examlfterfs Statement My examination was carried out in accordance wlth the General Direttions glven by the Charity Commlssion. An examination includes a review of the accounting records kept by the ¢harlty and a cornparison of the accounts presented with those records. It also includes considering #ny unusual items or disclosures in the accounts, and seeking èxplanatlons from the PCC ¢on¢ernln8 any such matter5.The procedures undertaken do not provide all the ewdence that would be requSred in a full audit, and consequently I do not express an audit opinion on the accounts. 1nde￿ndertt examlnerfs statement In connertion with my examination. no matters have come to my attention.. iii whlch give me reasonable cause to believe that in any materlal respect the requlrements to keep accountlnB records in accordance wlth section 130 of the 2011 Act; or to prepare accounts which accord with the accountlng records and compw with the acrountlng requlrements of the 2011 Act have ntst been met,. or to which, in my opinion, attentlon should be drawn In order to enable a proper understanding of the accounts to be ￿3¢hed. Gavin Kibble Moialc Innovate Lt(i l Kineton Road, Coventry, CV2 3NR 6 April, 2022

The Parochial Church Council of the Ecclesiastical Parish of Christ Church, Cheylesmore, Coventry

Statement of Financial Activities

For the year ended 31 December 2021

Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
Note 2021
2021
2021
2020
Incoming Resources £
£
£
£
Voluntary Receipts
3
72,933
9,530
82,463
115,268
Hall Income
4
21,637
-
21,637
15,326
Donations from Church Groups
5
378
-
378
1,280
Other Receipts
6
7,146
-
7,146
3,125
Investment Income
7
10,740
106
10,846
7,733
Total Incoming Resources 112,834
9,636
122,470
142,732
Resources Expended
Church Activities
Staff Costs
8
641
-
641
6,018
Church Office
9
2,280
-
2,280
1,329
2,921
-
2,921
7,347
Ministry Areas
General Ministry
10
255
-
255
315
Worshipping God
11
1,666
-
1,666
1,982
Making Disciples
12
1,289
-
1,289
821
TransformingCommunities
13
151
-
151
1,205
3,361
-
3,361
4,323
Other Expenditure
External Payments
14
73,230
1,833
75,063
71,482
Church Plant
15
26,731
-
26,731
16,548
99,961
1,833
101,794
88,030
Total Resources Expended 106,243
1,833
108,076
99,700
Net Incoming Resources 6,591
7,803
14,394
43,032
Transfer between funds (1,662)
1,662
-
-
Unrealisedgains/(losses)on investment funds -
334
334
142
4,929
9,799
14,728
43,174
Retained reserves brought forward
22
62,537
330,227
392,764
349,590
Retained reserves carried forward
22
67,466
340,026
407,492
392,764

The notes on pages 6 to 12 form part of these financial statements

4

The Parochial Church Council of the Ecclesiastical Parish of Christ Church, Cheylesmore, Coventry

Statement of Assets and Liabilities

As at 31[st] December 2021

Unrestricted Restricted Total Total
Funds Funds Funds Funds
2021 2021 2021 2020
Note £ £ £ £
Investment Assets
Church House 1 -
275,000
275,000
275,000
COIF CharityInvestment Funds 17 -
2,688
2,688
2,354
Total Investment Assets -
277,688
277,688
277,354
Monetary Assets
Cash on deposit 16 -
28,790
28,790
28,691
Cash at bank 67,466 33,548 101,014
86,719
Total Monetary Assets 67,466 62,338 129,804
115,410
Total Cash and Investment Assets 67,466 340,026 407,492
392,764
Assets
Gift Aid Recoverable 4,000 4,000
4,000
Liabilities
Sundry Liabilities 350 -
350

350

Approved by the Parochial Church Council on :

_________ A. Price Treasurer

The notes on pages 6 to 12 form part of these financial statements

5

The Parochial Church Council of the Ecclesiastical Parish of Christ Church, Cheylesmore, Coventry

Notes to the Financial Statements

For the year ended 31[st] December, 2021

1: Accounting Policies

Basis of Accounting

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value and at market value in respect of the investment assets . They comply with the Charity ������������������������������������� ed Practice on Accounting by Charities preparing their accounts in accordance with the Financial Reporting Standard (FRS 102) and the Charities Act 2011. All incoming resources and resources expensed are accounted on the receipts and payments basis.

Fund Accounting

General funds comprise the accumulated surplus or deficit on the income and expenditure account. The funds are for use at the discretion of the PCC in furtherance of the general objectives of the Parish.

Designated funds comprise funds that have been set aside at the discretion of the PCC for specific purposes.

Restricted funds are funds subject to specific restricted conditions imposed by donors.

2: Investments

Investments are stated at market value. The property is currently used as an investment and generates income for the church. A valuation carried out by the PCC in 2020 indicates its current open market value is £275,000.

6

The Parochial Church Council of the Ecclesiastical Parish of Christ Church, Cheylesmore, Coventry

Notes to the Financial Statements (continued)

For the year ended 31[st] December, 2021

3 Voluntary Receipts
Gift Aid
Collections for other causes
Tax Recovered
GASDS Gift Aid
Donations for church resources
Restricted Income (Gift Aid)
Restricted Income (No Gift Aid)
Grants received (Restricted)
Lunch Club
Non Gift Aid Env & SO
4 Hall Income
Regular Lettings
Office Rentals
Private Bookings (One off)
5 Donations from Church Groups
Making Disciples
Transforming Communities
6 Other Receipts
Fees to PCC
Invoices for services used
Photocopier Printing Income
Other Income
Fees payable to Diocese
Fees payable to Officiants
7 Investment Income
Investment Property
Interest and Dividends from Investments
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2021
2021
2021
2020
£
£
£
£
46,249
1,460
47,709
48,408
624
40
664
544
13,710
-
13,710
18,305
2,810
10
2,820
2,937
-
-
-
27,161
-
6,595
6,595
1,266
-
325
325
3,133
2,500
-
2,500
0
-
-
-
1,150
7,040
1,100
8,140
12,364
72,933
9,530
82,463
115,268
16,783
-
16,783
11,310
240
-
240
2,372
4,614
-
4,614
1,644
21,637
-
21,637
15,326
-
-
-
930
378
-
378
350
378
-
378
1,280
1,373
-
1,373
131
263
-
263
263
308
-
308
285
3,457
-
3,457
2,290
1,505
-
1,505
136
240
-
240
20
7,146
-
7,146
3,125
10,740
-
10,740
7,454
-
106
106
279
10,740
106
10,846
7,733

7

The Parochial Church Council of the Ecclesiastical Parish of Christ Church, Cheylesmore, Coventry

Notes to the Financial Statements (continued)

For the year ended 31[st] December, 2021

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds Funds Funds
2021 2021 2021 2020
8 Staff Costs £ £ £ £
Clergy Expenses 558 - 558 842
Other Staff Costs 83 - 83 50
- - -
Youth Worker (Contracted PAIS) 5,126
- - - -
PAIS Coventry
641 - 641 6,018
9 Church Office
Office Stationary & Paper 111 - 111 54
Photocopier - rental 567 - 567 394
Photocopier - printing 495 - 495 73
Telephone 605 - 605 602
Office Equipment 52 - 52 179
Other Office Expenses - - 0 27
Deposit Refunds 450 - 450 -
2,280 - 2,280 1,329
10 General Ministry
Refreshments (Tea & Coffee) 106 - 106 106
Publicity & Communication 149 - 149 209
255 - 255 315
11 Worshipping God
Sound Team/PA 81 - 81 931
Music Group 799 - 799 784
Worship Supplies 786 - 786 238
All Age Worship - - - 29
1,666 - 1,666 1,982
12 Making Disciples
Children & Youth 83 - 83 711
Alpha Course 230 - 230 -
House Groups 48 - 48 52
Evangelism 928 - 928 -
PAIS (Non-Staff) - - - 51
Making Disciples Training - - - 7
1,289 - 1,289 821
----- End of picture text -----

8

���������������������������������������������������������������������������������������������������

����������������������������������������������

���������������������[��] ����������������

������������ ���������� ���������� ���������� ����� �����
����� ����� ����� �����
���� ���� ���� ����
�������������������������
�������� ��
�������� ��
����������� ���
��������� �����
�� ��� �����
������������������
����������� ������ ������ ������
������������� ��� ��� ���
������������������������ ����� ����� �����
����������� ��� ����� ����� �����
����������� ��� ��� ���
����� ��� ���
��������������������� ��� ��� ���
����������������� ��� ��� ���
�������������������� ��� ��� ��
��������������
������ ����� ������ ������
�������������
��� ����� ����� �����
����������� ����� ����� �����
����� ��� ���
�������� ����� ����� �����
������������������ ����� ����� ���
�������� ��
�������� ����� ����� �����
��������� ����� ����� �����
������������� ����� ����� �����
������������������ ��
������������������� ����� ����� ���
���������������� ��
������ ������ ������

��

The Parochial Church Council of the Ecclesiastical Parish of Christ Church, Cheylesmore, Coventry

Notes to the Financial Statements (continued)

For the year ended 31[st] December, 2021

16
Building society deposits
Christ Church building fund
General repairs fund
In memory of Joan Thompson
In memory of Chris Woodward (children's work)
The Wright legacy
The Lea Legacy
17
COIF Charities investment funds
The George Worton Charity
The Lea Legacy
18
Christ Church building fund
Fund balance at 1st January
Interest received
Fund balance at 31st December
19
The Wright Legacy
Fund balance at 1st January
Interest received
Fund balance at 31st December
20
The George Worton Charity
COIF Charities investment funds
Investment value at 1st January
Interest received
Increase/(decrease) in value during the year
Transfer to current account
Investment value at 31st December
£
£
£
£
9,387
9,351
14,030
14,030
83
23,500
83
23,464
4,158
4,158
1,132
1,069
28,790
28,691
260
228
2,428
2,126
2,688
2,354
23,464
23,289
36
175
23,500
23,464
4,158
4,128
30
4,158
4,158
Units
Units
12.66
228
12.66
214
7
7
32
14
(7)
(7)
12.66
260
12.66
228
2021
2020
£
£
£
£
9,387
9,351
14,030
14,030
83
23,500
83
23,464
4,158
4,158
1,132
1,069
28,790
28,691
260
228
2,428
2,126
2,688
2,354
23,464
23,289
36
175
23,500
23,464
4,158
4,128
30
4,158
4,158
Units
Units
12.66
228
12.66
214
7
7
32
14
(7)
(7)
12.66
260
12.66
228
2021
2020
Units
12.66
12.66
21
The Lea Legacy
COIF Charities investment funds
Investment value at 1st January
Dividends received
Increase/(decrease) in value during the year
Transfer to building society account
Investment value at 31st December
Coventry Building Society account
Fund balance at 1st January
Interest received
Transfer from COIF Account
Fund balance at 31st December
Total Lea Legacy
Units
118.04
118.04
Units
2,126
118.04
1,998
62
62
302
128
(62)
(62)
2,428
118.04
2,126
1,069
1,002
1
5
62
62
1,132
1,069
3,560
3,195

10

The Parochial Church Council of the Ecclesiastical Parish of Christ Church, Cheylesmore, Coventry

Notes to the Financial Statements (continued)

For the year ended 31[st] December, 2021

**22 ** Movement of Funds
Balance at
01/01/2021
Income
Expenditure
Transfers
Unrealised
gains on
investments
Balance at
31/12/21
£
£
£
£
£
£
Restricted Funds:
Property Fund
275,000
-
-
-
-
275,000
Church Building Repairs Fund
23,464
36
-
-
-
23,500
The Wright Legacy
4,158
-
-
-
-
4,158
The Lea Legacy
3,195
63
-
-
302
3,560
The George Worton Charity
228
7
-
(7)
32
260
PAIS
3,093
-
-
-
-
3,093
Fishers Project
650
3,627
(27)
701
-
4,951
Music Group
120
-
-
-
-
120
Compassion Fund
109
-
-
-
-
109
Lunch Club
3,534
-
-
-
-
3,534
Diamond Fund
16,536
-
-
-
-
16,536
C4 Windows
-
4,173
(56)
968
5,085
Foodbank
140
1,730
(1,750)
-
-
120
Total Restricted Funds
330,227
9,636
(1,833)
1,662
334
340,026
Designated Funds
Noah's Ark
3,023
448
(383)
-
-
3,088
Messy Church
1,419
-
-
-
-
1,419
Tea and Chat
-
378
(60)
300
-
618
D Jones Legacy (Fisher Project)
27,161
-
-
-
-
27,161
Total Designated Funds
31,603
826
(443)
300
-
32,286
Unrestricted Funds
30,934
112,008
(105,800)
(1,962)
-
35,180
Total Funds
392,764
122,470
(108,076)
-
334
407,492

Restricted and Designated Funds :

11

The Parochial Church Council of the Ecclesiastical Parish of Christ Church, Cheylesmore, Coventry

Notes to the Financial Statements (continued)

For the year ended 31[st] December, 2021

23 Trustees Remuneration

The Charity Trustees were not paid or received any other benefits from employment with the Charity in the year neither were they reimbursed expenses during the year (2020: nil). No charity trustee received payment for professional or other services supplied to the charity during the year (2020: nil).

12

The Parochial Church Council of the Ecclesiastlcol Parish of Christ Church, Cheylesmore, Coventry Independent examlnerfs report to the PCC of Chrlst Church. Cheylesmore I report on the accounts for the year ended 31 December 2021 which are set out on pages 4t0 12. Respectl¥e responslbllltles of the PCC and the examlner The PCC consider that an audit is not required for this year under section 144121 of the Char4tie5 Art 2011 Ithe 2011 Act) and that an independent exarnlnation is needed. It is my re5pon5ibility to examine the accounts under section 145 of the 2011 A¢t,' follow the procedures laid down in the General Dirertion$ given by the Charity Commissioner sertion 145 151 Ibl of the 2011 Art; and State whether particular matter5 have come to my attention. Basts of Independent Examlfterfs Statement My examination was carried out in accordance wlth the General Direttions glven by the Charity Commlssion. An examination includes a review of the accounting records kept by the ¢harlty and a cornparison of the accounts presented with those records. It also includes considering #ny unusual items or disclosures in the accounts, and seeking èxplanatlons from the PCC ¢on¢ernln8 any such matter5.The procedures undertaken do not provide all the ewdence that would be requSred in a full audit, and consequently I do not express an audit opinion on the accounts. 1nde￿ndertt examlnerfs statement In connertion with my examination. no matters have come to my attention.. iii whlch give me reasonable cause to believe that in any materlal respect the requlrements to keep accountlnB records in accordance wlth section 130 of the 2011 Act; or to prepare accounts which accord with the accountlng records and compw with the acrountlng requlrements of the 2011 Act have ntst been met,. or to which, in my opinion, attentlon should be drawn In order to enable a proper understanding of the accounts to be ￿3¢hed. Gavin Kibble Moialc Innovate Lt(i l Kineton Road, Coventry, CV2 3NR 6 April, 2022