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2022-12-31-accounts

Charity registration number: 1173584

Christ Church Endcliffe CIO

REPORT AND UNAUDITED FINANCIAL STATEMENTS For the year ended 31 December 2022

Christ Church Endcliffe CIO

Contents

Page
Legal and administrative information 1
Trustees' report 2 - 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the accounts 9 – 20

Christ Church Endcliffe CIO

Legal and administrative information For the year ended 31 December 2022

Trustees

Rev Edward Pennington Chairman Rev Robert Bridgewater Rev Benjamin Tanner (until 12 June 2022) Mr Philip Turner Treasurer Mr Daniel Timms Secretary Mrs Catherine Wiffen (until 12 June 2022) Mrs Rachel Turner

Dr Helen Sims-Williams (until 4 September 2022) Mrs Anna Evans (Until 24 April 2022) Mr Samuel Salter Mrs Alice Wright Mr Benjamin Christmas (until 24 April 2022) Mrs Laura Clarkson Mr Richard Mennear

Mr Christopher Pocock (until 24 April 2022) Mr John Yianni

Mrs Marianne Daniells (from 24 April 2022) Mrs Rose Gregg (from 24 April 2022) Mr Philip Amey (from 24 April 2022) Mr J Goepel (from 24 April 2022) Dr James Meiring (from 24 April 2022)

Principal address

4 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

Independent Examiner

Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH

Bankers

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

1

Christ Church Endcliffe CIO

Trustees’ report For the year ended 31 December 2022

The Trustees of the charity have pleasure in submitting their report and the financial statements for the year ended 31 December 2022. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charity’s Constitution and applicable law.

Structure, governance and management

Christ Church Endcliffe CIO was registered with the Charity Commission on 27 June 2017 with charity number 1173584. It is a Charitable Incorporated Organisation and is governed by its Constitution.

Members of Christ Church Endcliffe CIO vote at the Annual Church Meeting to appoint new Trustees.

At every annual general meeting of the members of the CIO one-third of the elected charity Trustees shall retire from office. All Trustees are required to assent annually to the church’s statement of belief. The responsibility for the overall strategy, policy, finance and appointments of the charity rest with the Trustees, who meet regularly to monitor the activities of the charity

Those who attend the church services on a regular basis may sign an application for membership of Christ Church Endcliffe CIO, allowing members to vote at the ACM. There were 101 (2021: 115) members on the Membership List at the date of the ACM.

History

Christ Church Endcliffe was a church plant from Christ Church Fulwood (charity number 1134057) in 2009 which continued to be legally and financially part of Christ Church Fulwood until 31 December 2017. Endcliffe established a new legal entity ‘Christ Church Endcliffe CIO’, charity number 1173584, on 27 June 2017, which was granted a Bishops’ Mission Order on 1 July 2017

Objects

The objects of the charity are the advancement of the Christian faith for the benefit of the public especially within the city of Sheffield and in such parts of the United Kingdom, or the world, as the Trustees of the charity may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and connected with the charitable work of the charity.

We have clear convictions based on the truths revealed by God in the Bible, but those attending on a Sunday do not necessarily have to be convinced Christians. We also run courses specifically designed for those wanting to find out more about the Christian faith.

We love to welcome visitors who are exploring the Christian faith. Various events take place to make it as easy as possible for the church family to bring friends to hear about the gospel of Jesus Christ.

Three basic characteristics describe us:

We are a Christian Church

We believe in one God who has revealed himself supremely through his Son, Jesus Christ. It is only through faith in Jesus, trusting his death on the cross for our sins and his new resurrection life that we can come to know God and become part of his kingdom.

We are an Evangelical Church

We believe that the Bible is God’s authoritative word and is therefore the definitive guide for us in all matters of faith and conduct. Furthermore, we believe that the Spirit of God achieves the work of God through the word of God, and so the study and exposition of the Bible will be the means by which God will transform the lives of individuals and the church body as a whole

2

Christ Church Endcliffe CIO

Trustees’ report - continued For the year ended 31 December 2022

We are an Anglican Church

We are part of the Church of England, and hold to the great truths that were rediscovered at the time of the Reformation, including the sovereignty of God in salvation, justification by faith alone and salvation in Christ alone. However, we have church members from many different denominational backgrounds and we unite under Christ, not under one particular denominational banner.

We meet our objects by setting our vision in four main ways:

This is our broad vision, and remains constant from year to year.

Everything we do has the ultimate aim of trying to glorify God in our lives.

Public Benefit Statement

The Trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities.

Review of Activities

The church is led by Rev Ed Pennington and is ably supported by Rev Rob Bridgewater, who joined the staff team, as Associate Minister, from St John’s Chapeltown, Sheffield at the beginning of May 2018. The Rev Ben Tanner joined the staff team as curate in July 2019. In June 2022 Ben and his family led a graft team to join the existing church at All Saints Totley. Sarah Bradley is Youth and Children’s Minister. Rebecca Rae is our Administrator. Both the Administrator and Youth and Children’s Minister posts are part-time.

Following discussions at our church council meetings the Trustees agreed to raise the sum of £90,000 to fund the employment of an additional Youth and Children’s worker over an initial three year period. The appeal was launched in April 2022 and just over £45,000 was pledged and received from the church family. The remainder being funded through grants. In September 2022 we welcomed Mr Daniel Allen to the staff team as our Assistant Youth and Children’s Worker.

The church runs a Ministry Trainee programme, normally comprising of two trainees. As well as receiving formal bible training, the trainees gain on-the-job experience by helping in the running of church ministry events and activities.

The focus of church activity remains the sharing of the Christian Gospel message to those who haven’t heard it and the growing to maturity in faith of existing believers.

The church seeks to reach out to the local community and beyond. Sunday services are open to all and take place every Sunday at 4pm and 7.00pm at St Augustine’s Church on Brocco Bank

Sunday services remains the main focus of regular activity, together with a monthly church family prayer meeting, and our small groups which are the building blocks for church family life these have been able to continue meeting most weeks for bible study, prayer fellowship and outreach using Zoom. While it has been good to meet in this way and to be able to reach so many more people through the convenience of online streaming, it does not compare, and will never replace, the joy of being physically together and sharing fellowship as God intended.

3

Christ Church Endcliffe CIO

Trustees’ report - continued For the year ended 31 December 2022

Following the recent changes in Covid guidance, church family prayer and growth groups have returned to meeting in person, with Zoom as an occasional option. At the end of March 2022 we stopped live-streaming our 4.00pm service. This marked 2 years from the first time Covid forced us to meet online.

We regularly hold events such as:

Safeguarding

The Trustees are responsible for implementing and overseeing the policies and procedures regarding the safeguarding of Children and Vulnerable Adults at Christ Church Endcliffe. All volunteers helping with these groups have therefore been cleared by the Disclosure and Barring Service and have, as far as possible, undergone relevant training.

The Endcliffe Church Council and staff deal with and consider a variety of areas of risk to which the church may be exposed. Such areas include health and safety issues, Disability Discrimination Act issues, employment law issues, financial controls and insurance. Where it is felt appropriate, action has been taken to mitigate risk.

Partnerships

We have partnered with CAP (Christians Against Poverty) to be able to run their Life Skills course. It is a course designed to help members gain confidence and decision making skills to survive life on low income, and offers opportunity to hear the Gospel message.

The Church Council will continue to work with local like-minded Anglican churches to strengthen the ReNew South Yorkshire network, and especially to encourage those churches to stand together on the authority of the Bible amidst pressures from the wider church to conform to cultural changes.

Throughout the pandemic regular donations have been made to the Sheffield Foodbank Network to support those in need.

Future Plans

Our Vision and Partnership Sundays each year help us to be the church God wants us to be. We remember who we are in Christ and what our priorities should be as his people and help us refocus what we are doing as individuals and as a church family.

Our focus in 2023 is Open House. We hope everyone will think more deeply about biblical hospitality. Christian hospitality is about sharing time with others. This might be over a meal but not necessarily, or humble sharing life with others, being ready to receive from people as well as giving. As we reach out to others we can show the love of Jesus.

4

Christ Church Endcliffe CIO Trustees, report - contlnued For the year ended 31 December 2022 These areas of focus are a way of keepln8 us on the right track as a churth. and setting our direction as we journey t¢4ether In follow5ng Chrtst. Flnanclal R￿lW Total Incomè on unrestricted funds W?5 E247.37312021= £228,295) and details can bè found Sn the financial statements. £71.997 12021.. £55081 was re¢e6ved for restrlcted funds of which £1.35012021.. £1,350) was dirertfy allocated to the Property Fund a5 detalled In the financial ststements. The sum of £1,16312021: £1.9951 was re￿1Ve￿ as desl8nated funds. Un￿strIcted expenditure of £207.582 12021: £181.3791 was spent on pr￿iding rnini5try. Includlng the contrlbutlon to the diocese whlch lar8ely prO￿deS the stipends for the clergv. The result for the year was net income of £59.904 {2021-. £14,038) and addlng funds brought forward at the beginnlng of the year. the balances reserves carried forward at 31 December 2022 wa5 £325,438 12021: £26S,5341. Of these £65.12212020: £14,4LKII •re restricted hJnd5 and £174,54112021.. £157,748) are funds de5i8nated to partI￿lar P(trposes as Set out In note 14 of the financlal statements. As at 31 December 2022 the Charity Is In a strong finandal p￿tt10ft. Res•rv•s Poll¢y The TnJ5tees have revlewed thefjr Reserves Pdlcy and wlll hold free re5erye5 to the average value of 2 months operatlng costs plus £5,C￿) due to the rellance of the charlty on uncertaln donations. The polScy therefore quires the charfjty to hold £44.388 of reserves, whlch is sufficlently covered by the actual posltion. Free reseryes of the charlty total £81.834 Ibelng general reSen￿S less fixed assetsl12021.' £88,559). Cost ol LMn8 Impact At the tlme of approval of the annual feport and financial statements the UX Is golng thTOU8h a Cost of Llvln8 ¢risls. Slnce the year end we have seen 8rowth in our 8eneral income, however like most institutlons we are experien¢ln8 Increases In ¢osts such a5 mort8a8e Interest and fuel ￿$ts. Th55 Trustees have prepared these finanual stements on ¥ 8oln8 concern bas15. havln8 made due assessment to the resources avallable and revlewed ca5hflow forecasts for the foreseeable fijture Thls report was approved by the Board of Tnjstees o I I1%￿ XOIS and si¥ned on Its behalf by.. E Pennln8ton Chalrnian

Independent Examiner’s report to the Trustees of Christ Church Endcliffe CIO

I report to the charity Trustees on my examination of the accounts of the Christ Church Endcliffe CIO (“the CIO”) for the year ended 31 December 2022

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of your charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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 Charity 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.

Signed: ____ Susan Cochrane, FCA Seven Hills Accountants Limited 57 Burton Street Sheffield S6 2HH

19/04/2023 Date: __

6

Christ Church Endcliffe CIO Statement of financial activities For the year ended 31 December 2022

Note
Income from
Donations and legacies
2
Charitable activities
3
Investments
4
Total Income
Expenditure on
Charitable activities
5
Mission support
7
Total Expenditure
Net income/(expenditure) before transfers
Transfers between funds
17
Net movement in funds after transfers
Balance brought forward
Funds carried forwards at 31 December 2022		 General
Fund
£
229,985
16,972
416		 Designated
Funds
£
-
1,163
-		 Restricted
Funds
£
71,997
-
-		 Total
2022
£
301,982
18,135
416
320,533
217,057
43,572
260,629
59,904
-
59,904
265,534
325,438		 Total
2021
£
232,308
3,482
8
247,373 1,163 71,997 235,798
207,582
-		 -
31,772		 9,475
11,800		 190,641
31,119
207,582 31,772 21,275 221,760
39,791
(47,402)		 (30,609)
47,402		 50,722
-		 14,038
-
(7,611)
93,386		 16,793
157,748		 50,722
14,400		 14,038
251,496
85,775 174,541 65,122 265,534

7

Chrlst Churth Endclmfe ao Balance sheet As at 31 December 2022 2022 2021 FIX￿ assets Tangible assets io 468.618 469.504 Cuirenl assets Oebtors Cash at bank and in hand Short term deposlts li 14,309 42,664 126,660 183,633 26,297 47.515 76,316 150.128 Credltors: amounts lallln8 due wlthln year 130.973 140.134) Net current assets 152,660 109,994 Total •ss•ts I•ss Cufrnnt Il•blllSt1•5 621,278 579,498 Cr•dltsrs: amounts f•lllw dts• 4ft•r •)n• y•ar 13 {295￿40} 1313,9641 N•t •Mets 325,438 265,534 Fundi General Desl8nated Total Unrestricted Restrlcted rotsl Charlty Funds 85.775 174,541 260.316 65,122 325.438 93,386 157.748 251,134 14,4OJ 265,534 14 16 The flnancial statements were approved by the Board of Trustee5 On board bv: IOIJ and s18ned on behalf of the E Pennlngton Chairman P R Turner Treasurer

Christ Church Endcliffe CIO Notes to the financial statements For the year ended 31 December 2022

1 Accounting Policies

(a) General

Christ Church Endcliffe is a charitable incorporated organisaton. In the event that the charity is wound up, the liability in respect of the guarantee is £nil per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP FRS 102), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have taken advantage of the exemption to prepare a Statement of Cashflows.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements are prepared under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity and are rounded to the nearest £.

(b) Revenue recognition

Income is recognised when the organisation has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income received in advance of an event is deferred until that event takes place.

(c) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

(d) Grants to mission partners

The church supports mission partners in the UK and around the world. Where a particular mission partner has been supported by the church for a number of years, strict compliance with the Charities' Statement of Recommended Practice (SORP) may regard some arrangements as constituting constructive obligations such that future years' support is accounted for in these accounts as a liability.

Whilst the support has no final end date, the Trustees assesses mission partner funding on an annual basis and is confident that the mission partners would not view their support as an open ended obligation on the part of the Church. The annual commitment only is accounted for in these financial statements.

(e) Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of

9

Christ Church Endcliffe CIO Notes to the financial statements - continued For the year ended 31 December 2022

1 Accounting Policies - continued

(f) Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

(g) Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

(h) Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

(i) Financial instruments

The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.

(j) Funds

Unrestricted funds are donations and other income receivable or generated for the objects of the organisation without further specified purpose and are available as general funds.

Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the accounts.

Restricted Funds are those funds which the trustees must apply to the specific purposes created either by donors’ request or legal obligation. These funds are therefore not available for application by the trustees for general purposes.

(k) Pensions

Retirement benefits to employees of the charity are provided under contributions to the church's stakeholder pension scheme.

The charity opened an auto enrolment compliant stakeholder pension scheme with the People’s Pension to which all contributions to employees’ retirement benefits are paid in to.

All contributions to pension plans are charged to the Statement of financial activities in line with recognition of earnings and in accordance with the rules of the scheme.

10

Christ Church Endcliffe CIO Notes to the financial statements - continued For the year ended 31 December 2022

1 Accounting Policies - continued

(l) Leases

Rental payable and receivable under operation leases are charged to the SOFA on a straight line basis over the period of the lease.

(m) Going Concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

2 Income from Donations and legacies

Regular giving
Gift Aid donations
Tax recoverable
Non Gift Aid donations
Subtotal
Collections
Gift Aid donations (small donation scheme)
Tax recoverable
Non Gift Aid donations
Subtotal
One-off donations and bequests
Gift Aid donations
Tax recoverable
Non Gift Aid donations
Subtotal
Grants Received		 General
Fund
£
169,094
42,273
17,733		 Designated
Funds
£
-
-
-		 Restricted
Funds
£
37,006
9,251
10,740		 Total
2022
£
206,100
51,524
28,473
286,097
-
-
-
-
410
102
373
885
15,000
301,982		 Total
2021
£
159,775
39,944
26,646
229,100
-
-		 -
-
-
-		 56,997
-
-
-		 226,365
54
14
-
-
410
102
373		 -
-
-
-		 -
-
-
-		 68
1,100
275
4,500
885 - -
15,000		 5,875
-
229,985 - 71,997 232,308

Regular giving represents amounts received by standing order. Collections represents amounts received from Sunday collections. One-off donations (including grants and bequests) represents all other gifts received. £229,985 (2021: £226,800) was received into General Funds, £Nil (2021: £Nil) was received into Designated funds and £71,997 (2021: £5,508) was received into Restricted Funds.

11

Christ Church Endcliffe CIO Notes to the financial statements - continued

For the year ended 31 December 2022

3 Income from Charitable activities

Parish ministry (including fees)
Children, Youth and Students
Catering
Other events and Church Weekend Away		 General
Fund
£
196
1,273
291
15,212		 Designated
Funds
£
-
-
1,163
-		 Restricted
Funds
£
-
-
-
-		 Total
2022
£
196
1,273
1,454
15,212
18,135		 Total
2021
£
188
517
1,995
782
16,972 1,163 - 3,482

All income from charitable activities in 2022 and 2021 were received into General Funds. The Trustees have agreed that all catering income received since the beginning of the Covid 19 pandemic until September 2022 should be transferred to the designated fund and be paid to the Sheffield Food Bank Network.

4 Income from Investments

Income from Investments
**General ** Designated Restricted Total Total
Fund Funds Funds 2022 2021
£ £ £ £ £
Bank interest 416 - - 416 8

All bank interest in 2022 and 2021 were received into General Funds.

5 Expenditure on charitable activities

Note
Endcliffe ministry
Children, Youth and Students
Administrative salaries
Other administrative costs
Property and facilities
Other events and Church Weekend Away
Depreciation
Support costs
6		 General
Fund
£
104,968
1,922
46,200
21,810
15,617
13,071
2,464
1,530		 Designated
Funds
£
-
-
-
-
-
-
-
-		 Restricted
Funds
£
220
-
9,255
-
-
-
-
-		 Total
2022
£
105,188
1,922
55,455
21,810
15,617
13,071
2,464
1,530
217,057		 Total
2021
£
98,267
1,742
50,107
19,551
14,762
890
4,272
1,050
207,582 - 9,475 190,641

All expenditure on charitable activites were from General Funds in 2022 and 2021.

6 Support costs

Independent examiner's fees General
Fund
£
1,530		 Designated
Funds
£
-		 Restricted
Funds
£
-		 Total
2022
£
1,530
1,530		 Total
2021
£
1,050
1,530 - - 1,050

12

Christ Church Endcliffe CIO Notes to the financial statements - continued For the year ended 31 December 2022

7 Mission support

Mission support
Grants for mission partners:
Mission allocation
Designated gifts		 General
Fund
£
-
-		 Designated
Funds
£
31,772
-		 Restricted
Funds
£
-
11,800		 Total
2022
£
31,772
11,800
43,572		 Total
2021
£
28,732
2,387
- 31,772 11,800 31,119

All grants for mission partners were from Designated funds in 2022 and 2021. Grants for mission partners were awarded to the following organisations:

UFM Worldwide
Friends International
UCCF
UCCF - Relay
Compassion
Growing Young Disciples
Book Allowance
SIM
Helen & Hugh Sims-Williams
Sheffield University CU
Sheffield Hallam CU
South Yorkshire ReNew
Food Bank
Christians Against Poverty
Sheffield Diocesan Board of Finance		 2022
£
13,000
3,500
5,375
1,000
336
-
300
-
4,000
150
150
267
1,474
720
1,500
31,772		 2021
£
13,500
3,500
2,240
1,000
336
1,000
300
3,000
-
-
-
-
1,886
720
1,250
28,732
Wages and Salaries
Social security costs
Pension costs		 Total
2022
£
50,781
-
4,373
55,154		 Total
2021
£
46,236
-
3,871
50,107

No employee earned £60,000 or more in the current or preceding period.

The average number of employees during the year was 4 (2021: 4). This does not include the 2 ministers for whom a common fund contribution was made to the Diocese of Sheffield - see below.

13

Christ Church Endcliffe CIO Notes to the financial statements - continued For the year ended 31 December 2022

8 Staff costs, Trustees' remuneration and expenses, and the cost of key management personnel (continued)

Trustees were not paid and did not receive any other benefits in their capacity as trustees in the year (2021: £nil) neither were they reimbursed out of pocket expenses in their capacity during the year (2021: £nil) (with the exception of the ministers, see below).

The key management personnel of the charity comprise the Trustees, which include the 2 ministers. Minister costs are shown below:

Common fund contribution
Housing costs
Expenses		 Total
2022
£
76,299
21,339
3,279
100,917		 Total
2021
£
72,932
20,603
1,412
94,947

These payments are made in accordance with clause 6.2(g) of the CIO constitution, which has been agreed by the Charity Commission.

9 Related party transactions

Trustees (and families) donated £62,636 (2021: £57,195) before gift aid without conditions, which are included within the unrestricted total of note 1 and £19,600 of restricted donations (Where a Trustee has only served for part of the year, donations are included for the corresponding period).

14

Christ Church Endcliffe CIO Notes to the financial statements - continued For the year ended 31 December 2022

10 Tangible fixed assets

Cost or valuation
At 1 January 2022
Additions
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
At 31 December 2022
Net book value at 31 December 2022
Net book value at 31 December 2021
Debtors
Prepayments
Income tax recoverable
Other debtors
Creditors: amounts falling due within one year
Trade Creditors
Mortgage
Other Loans
Other Creditors
Accruals		 Property
£
464,677
-		 Equipment
£
17,716
935		 Computers
£
3,352
643
3,995
2,518
959
3,477
518
834
2022
£
8,916
4,187
1,206
14,309
2022
£
2,167
9,448
9,000
1,056
9,302
30,973		 Total
£
485,745
1,578
464,677 18,651 487,323
-
-		 13,723
1,505		 16,241
2,464
- 15,228 18,705
464,677 3,423 468,618
464,677 3,993 469,504
2021
£
22,563
3,307
427
26,297
2021
£
309
9,978
9,000
3,288
17,559
40,134

11 Debtors

12 Creditors: amounts falling due within one year

Included within Other loans is a secured loan of £9,000 that has a charge registered on the Bannerdale Road property.

15

Christ Church Endcliffe CIO

Notes to the financial statements - continued For the year ended 31 December 2022

13 Creditors; amounts falling due after one year

Mortgage
Other Loans
Financial instruments
Loans due in one year or less
Loans due in more than one year but not more than five years
Loans due in more than five years		 2022
£
65,590
230,250
295,840
2022
£
18,448
89,426
206,414
314,288		 2021
£
74,714
239,250
313,964
2021
£
18,978
89,426
224,538
332,942

The mortgage is secured on the Bannerdale Road property and has a variable interest rate, it was taken out on 22 July 2019 at the point that the building was purchased. Included within Other loans is a secured loan of £185,250 that has a charge registered on the Bannerdale Road property.

14 Designated Funds

Mission Partners
The Quinquennial fund
Property fund
Growth fund		 Brought
forward
£
19,511
5,000
131,737
1,500		 Income Expenditure
£
£
1,163
(31,772)
-
-
-
-
-
-
1,163
(31,772)		 Income Expenditure
£
£
1,163
(31,772)
-
-
-
-
-
-
1,163
(31,772)		 Transfers
£
28,748
-
18,654
-
47,402		 Carried
forward
£
17,650
5,000
150,391
1,500
157,748 1,163 (31,772) 174,541

Mission partners - The Trustees have agreed to set aside 12.5% of the donations received during the year for World Mission outside Christ Church Endcliffe. This resulted in a transfer in of £28,748 from general funds in The Quinquennial fund - The Trustees have agreed to set aside £5,000 to meet potential repair costs in future years for the church building it occupies on a shared basis.

Property fund - The property fund represents the net book value of the property and the associated mortgage/ loans due.

Growth Fund - The Trustees have agreed to set aside money for growth of the church through investment in local ministry, church planting and Partnership projects.

Prior year

Mission Partners
The Quinquennial fund
Property fund
Growth Fund		 Brought
forward
£
17,899
5,000
113,002
1,500		 Income Expenditure
£
£
1,995
(28,732)
-
-
-
-
-
-
1,995
(28,732)		 Income Expenditure
£
£
1,995
(28,732)
-
-
-
-
-
-
1,995
(28,732)		 Transfers
£
28,350
-
18,734
-
47,084		 Carried
forward
£
19,512
5,000
131,736
1,500
137,401 1,995 (28,732) 157,748

16

Christ Church Endcliffe CIO

Notes to the financial statements - continued For the year ended 31 December 2022

15 Restricted Funds

Mission Partners
Ministry
Property
Assistant Youth & Childrens Worker
All Saints Totley
Relief Fund		 Brought
forward
£
450
206
11,794
-
-
1,950		 Income Expenditure
£
£
1,350
(1,800)
120
(220)
1,350
-
59,177
(9,255)
10,000
(10,000)
-
-
71,997
(21,275)		 Income Expenditure
£
£
1,350
(1,800)
120
(220)
1,350
-
59,177
(9,255)
10,000
(10,000)
-
-
71,997
(21,275)		 Transfers
£
-
-
-
-
-
-
-		 Carried
forward
£
-
106
13,144
49,922
-
1,950
14,400 71,997 (21,275) 65,122

Mission Partners - monies received for Missionary Giving (Food Bank) Ministry - monies received to support the Women's Ministry.

Property - this fund represents gifts and monthly contributions received after the property was purchased. The intention is for this money to be used as a lump sum against the mortgage at a time when there are no penalties for repayments, or to repay the shorter term loans when they fall due.

Assistant Youth and Chidren's Worker - gifts received to fund this new post

All Saints Totley - a gift received for the church graft at All Saints Totley

Relief Fund - monies donated by the church family to assist help those struggling financially

Prior year
Mission Partners
Ministry
Property
Ministry Trainees
Sheffield Diocesan Board of Finance
Relief Fund		 Brought
forward
£
50
120
10,443
6,728
-
3,200		 Income Expenditure
£
£
1,538
(1,137)
120
(34)
1,350
-
-
(6,728)
2,500
(2,500)
(1,250)
5,508
(11,649)		 Income Expenditure
£
£
1,538
(1,137)
120
(34)
1,350
-
-
(6,728)
2,500
(2,500)
(1,250)
5,508
(11,649)		 Transfers
£
-
-
-
-
-
-
-		 Carried
forward
£
451
206
11,793
-
-
1,950
20,541 5,508 (11,649) 14,400

16 Analysis of net assets by Fund

Fixed assets
Current assets
Creditors: amounts falling due within one year
Creditors: Amounts falling due after more than one year		 Unrestricted Funds
General Designated
Fund
Funds
£
£
3,941
464,677
94,360
24,151
(12,525)
(18,448)
-
(295,840)
85,776
174,540		 Unrestricted Funds
General Designated
Fund
Funds
£
£
3,941
464,677
94,360
24,151
(12,525)
(18,448)
-
(295,840)
85,776
174,540		 Restricted
Funds
£
-
65,122
-
-
65,122		 Total
2022
£
468,618
183,633
(30,973)
(295,840)
85,776 174,540 325,438

17

Christ Church Endcliffe CIO Notes to the financial statements - continued For the year ended 31 December 2022

16 Analysis of net assets by Fund (cont)

Prior year
Fixed assets
Current assets
Creditors: amounts falling after more than one year
Creditors: amounts falling due within one year		 Unrestricted Funds
General Designated
Fund
Funds
£
£
4,827
464,677
109,715
26,013
(21,156)
(18,978)
-
(313,964)
93,386
157,748		 Unrestricted Funds
General Designated
Fund
Funds
£
£
4,827
464,677
109,715
26,013
(21,156)
(18,978)
-
(313,964)
93,386
157,748		 Restricted
Funds
£
-
14,400
-
-
14,400		 Total
2021
£
469,504
150,128
(40,134)
(313,964)
93,386 157,748 265,534

17 Transfers between funds

Property
Mortgage repayments
Loan repayments
Mission Partners
Mission allocation
Prior Year
Property
Mortgage repayments
Loan repayments
Mission Partners
Mission allocation
Growth Fund		 Unrestricted Funds
General Designated
Fund
Funds
(9,654)
9,654
(9,000)
9,000
(18,654)
18,654
(28,748)
28,748
(47,402)
47,402
(9,734)
9,734
(9,000)
9,000
(18,734)
18,734
(28,350)
28,350
-
-
(47,084)
47,084		 Restricted
Funds
-
-
(18,654)
(28,748)		 -
-
(47,402) -
(9,734)
(9,000)		 -
-
(18,734)
(28,350)
-		 -
-
-
(47,084) -

18

Christ Church Endcliffe CIO Notes to the financial statements - continued For the year ended 31 December 2022

18 Pension contributions

Contributions to personal pension plans are charged to the Statement of financial activities as they become payable. Contributions paid by the charity during the year were £4,373 (2021: £3,871).

19 Operating Lease commitments

As at 31 December 2022 the charity was committed to make the following payments to non-cancellable operating leases for land and buildings occupied by the charity.

Payable within one year
Payable in one to two years		 2022
£
-
-
-		 2021
£
2,667
-
2,667

19

Christ Church Endcliffe CIO

Notes to the financial statements - continued For the year ended 31 December 2022

20 Statement of Financial Activites - comparatives

Income from
Donations and legacies
Charitable activities
Investments
Total Income
Expenditure on
Charitable activities
Mission support
Total Expenditure
Net income/(expenditure) before transfers
Transfers between funds
Net movement in funds after transfers
Total funds brought forward at 1 January 2021
Total funds carried forward at 31 December 2021		 General
Fund
£
229,985
16,972
416		 Designated
Funds
£
-
1,163		 Restricted
Funds
£
71,997
-
-		 Total
2022
£
301,982
18,135
416		 General
Fund
£
226,800
1,487
8		 Designated
Funds
£
-
1,995
-
1,995
-
28,732
28,732
(26,737)
47,084
20,347
137,401
157,748		 Restricted
Funds
£
5,508
-
-		 Total
2021
£
232,308
3,482
8
247,373 1,163 71,997 320,533 228,295 5,508 235,798
207,582
-		 -
31,772		 9,475
11,800		 217,057
43,572		 181,379
-		 9,262
2,387		 190,641
31,119
207,582 31,772 21,275 260,629 181,379 11,649 221,760
39,791
(47,402)		 (30,609)
47,402		 50,722
-		 59,904
-		 46,916
(47,084)		 (6,141)
-		 14,038
-
(7,611)
93,386		 16,793
157,748		 50,722
14,400		 59,904
265,534		 (168)
93,554		 (6,141)
20,541		 14,038
251,496
85,775 174,541 65,122 325,438 93,386 14,400 265,534

20