Report of the Trustees and Financial Statements for the year ended 31st December 2023 Christchurch Wv¥'kV,chris-nhu￿h-cleved0n.Org.uk Ecumenical Church Council of Christchurch Clevedon For the Year ended 31st December 2023 Contents Report of (he Trustees 3to7 Independen( Examiner's Report Sidiemeni of FinanLial Aciiviiies Balance Shcei io No(cs Iv A￿VU￿r.5 Ecumenical Church Council of Christchurch Clevedon Report of the Trustees For the Year ended 31st December 2023 The truiiee.¥ pre*ni their repon w'iih (he financial 5141emenls o(Ihe chariiy foT Ihe year ended 31 Decetnber •023. The Iru%t¢¢s hai'c advpied Ihe provisions of ih¢ C.harilics SORP IFIiS 1021 'Accouniing and Reporiing by Ch8Tiiies'. Siaiemeni of Recurntncnded Practice appliLable to chariiies prcparing Iheir a¢¢vunl.% in accvrdance wi¢h the Financial Rcpurting SiandJr(I appliLable in Ihe UK and Republic uf Jreland IFRS 10?} (effective l J￿￿￿ry 20191, 41nd the Finiin¢ial Repvrting Sikndard 102 'Thc Financial Rcp(Kiin8 Siandard appli¢able in Ihe UK and Republic of treland.. REFF.RF.NCE AND ADMINISTRATIVE DF.TAII_ ReAl£t￿red Chgrity number Thc Registered Chairty nutnber is 1171y)89. Principal 8ddre& Christchurch Highdalc Road Cle￿.e￿O￿ BS21 TnLs¢ees Clergy Rcv C Jennings Re￿ R Herbcn Ex-oificio Ex-olficio Rcv S Kirkham Ex-vfficio Resigtled 29112123 Wardens A Pelt J Ucmanus (hheT Trustee5 J d¢ Bvidc K ￿11)1]7¢1¢ Treasurer Director of Finance T Rukris J Balcombe D Clark J Kirkham Rcsigncd 14m5123 Rc%igned 14105123 Resigned 2911Y23 M Sviherland M Spink Appoin¢¢d 14105123 Independent Examlner Andrcw Jordan FCA Haincs Waii.% Chartered Aecourtlanls BJih Hwbe 6.8 Baih Sire¢i Brisiol BSI 6HL Ecumenical Church Councll of Christchurch Clevedon Report of the Trustees For the Year ended 31st December 2023 STRUCTURE, GOVERT¥ANCE AND MANAGEMENT Governing docwllent The Struciure, Governance ani¢'huTch w¥ ¥n¢iJi4ru¥¥ ¥V¥Ty m¥fflb¥r undrLmuin u c'hurch fJp¥n Iv LyuipyiN¥fur oulreuch, leadLr5hip and minis(ry. Eachyear WE have L7n inlL'rn Jvuih IL'ader in IrL7ininR will see boih our ordinoiids in iraiiiing ordtsined 2024. In fhe midpari of2024 we will see the reliremertt of our Anglican mirtister enCO￿nIer a lime ofvacan¢y. The 'ardens and core leadership leam iogeiher wilh ihe EC'C are preparing andpr￿'l￿gffoY m,hoa￿er Godi.% calling to 2(J?3.¥uw ci)n.fÈderable re.sloralive work io ihe vlJL)ppuri ufihe L.hurL'h iu uddress some areaf tsfdamp aKd lhe r*dgL'urai£()n o]'Ih* M'g)r.Ihip area. This M'ds ¢osili' aKdreqtsiredurgeni aiieuiilj￿. Our churchfacililies are ar1e￿1ve1V openfor eveKis such as Ihe Christmas ireefesltval. copjcerls. parties. ¢7rl group. demeKiia groups. liiflefish preschoolers. choirs. school,1 evenis. child conlaci centre alld cnmmulliti. wariJ*es.s meeiiKgs. C'hrlsiehurch is clearly knownfor serving oihers avdbeivg very ihe heari of our eomfftullity. A.1 Mje If)c)kf(>rwuvd wilh h()pe c(InJidenc'e in ihe xii.lpel we pro), Ihui ihe Hc)lJi,gpiril will conlinue lo encouragc, enihuse, and empÉpwer every member ofour church community bringing ihegood tsfJeJus io all Ihose (hai H'e conneLI wilh dav hy d￿,. ON BEHALF OFTHE BOARD.. Trngtee Dare.. Independent Examiner's Report to the Trustees of Christchurch Clevedon I report to the rharity truElees on my examination of the accounts of the charity for the year ended 31 DeceTnber 2023 which are sel out on pages 9 to 19. Responsibilities and basis of report As the charily'b In]s(ees you are respvnsible for the pieparaliort of (he accoun(s in accordance with the requiremenLs of the Chariiies Aci 2011 I'the Act.). I report in respeci of tny examiDaiion of the chariry's accounts carried out under section 145 of the Act and in ing oui my examination I have followed all the applicable Directions given by the Charity Commission under seetion 14515)Ibl of the Acl. Independent exan￿￿er,8 statement I have completed my examinaiion. I confim) ihai nv maieridl Thtiers have come io my al￿ntion in connection with ihe examinaiion giving me ¢ause to believe that in an}. ma¢eTial respect- accountin% records were not kept in respect of the chariry as required by seciion 130 of the Aci- or 121 the 2ccnunls dn nnl accnrd with Ihnqe. ￿_Car￿￿-, nr 131 Ihe accounts do not comply with (he applicable iequiremen(5 conceming the forni and conteni of acLounts set Oul in the Charitie5 (Accounts and Reports) ReglllatiOTLS 21X)8 other Ihan any Tequiremeni Ihai Ihe accounis give a 'tnJe and fair view. which is no( a matier considered as part of an independent examinaiion. I have no concems and have come acr055 no other [T￿tter5 in connection with the examination to which Aiiention should be drawn in this repon in order io enable a proper undersranding of the accounts to be reached. Sigrt¢d.. Andrew Jordan FCA Haines Watts Charter¢d Accountants Baih Huuse. 6-8 Bath Sireei Biis((Trl BSI 6HL Dale.. 3r0 May 2Q24 Ecumenical Church Council of Christchurch Clevedon Statement of Financial Activities For the Year ended 31st December 2023 Unrestricted Fund5 Restricted Funds Total 2023 Funds 2022 Note INCOME AND ENDOWMENTS FROM.. DonÈtion3 and Le8a¢ie5 Investments Charitable activities Other 26 2b 2c 2d 182,404 1.847 38,208 1,735 12,398 ly4,￿2 1,847 38,208 1,735 175,510 77 29.636 6,144 TOTAL 224,194 12.398 236,592 211,367 EXPENDITURE ON.. Charitable activities Raising Fvnds Governance costs Finance costs 3a 3b 238,066 1,701 3.572 359 12.428 250,494 1.701 3,572 359 213,172 1,428 3,410 272 3d TOTAL 243.698 L2,428 256,126 218,282 NET INCOMEIIEXPENDITURE) 119,5041 1301 119,5341 16,9151 TOTAL FUNDS B/F lstJANUARY 2023 140,360 15,786 156,146 163,061 TOTAL FUNDS CIF 31st DECEMBER 2023 120,856 15,756 136,612 156,146 Ecumenical Church Council of Christchurch Clevedon Balance Sheet As at 31st December 2023 2023 2022 Note FIXED ASSETS Tangible assets 10.861 10.861 12,521 12,521 CURA£NT ASSETS Debtors Cash at bank and in hand 28,112 122,190 150,302 55,209 112,974 168,183 LIABIUTIES: AMOUNTS FAWNG DUE WITHIN OfrIE YEAR C￿dItorS Sub 3ccounts Loans due in less than I year 10,342 %.2nq 2,000 20,551 10,619 5.939 2,000 18.558 io NET CURRENT ASSETS I ILIABILITIESI 129,751 149.625 UABIUllES.. AMOUNTS FAWNG DUE AFTER MORE THAN ONE YEAR Loans due in more than l year io 4,￿)0 4,CQO 6,000 TOTAL NET ASSETS 136,612 156,146 FUNDS Unrestricted furgds Restricted funds li li 120.856 15,756 136,612 140,360 15,786 156,146 Approved by the Ecumenical Church Council and signed on its behall bv.. 2oi&r Trustee Date TrusteE Date -10 Ecumenical Church Council of Christchurch Clevedon Notes to the financlol statements For the Year ended 31st Oecember 2023 l AccouKfiNG POLIOES Basls ol preparlngtheflnandal ststemems Thp finHnriAI &t￿tp￿•￿t< ￿th& chjrity. which is a public b•n•fit ontity und•r FRS lol. hav• pr•p4r•d in accofdance with the Charities SORP IF￿ 1021'Accounting and Reporting by Chèritiès-. Stètement of Recommended Practice appllcèble to tharitie5 preparin8 their accounts in accordènce with the Financial Reporting Standard appliiable in the UK and Republic of Irelènd IFRS 1021 (effective l January 20191,, the Financial Reportin8 Standard 102 Yhe Financial Reporting Standèrd applicablo in the UK and Republi¢ of Ireland. and the Char1ties Act ZOII. The finat)clèl statements have trken prepared under the historical c05t convention. The financial statpments have bpen prepared to give a'true and falr, view and have departÈd from the Ch ities (Accounts and Reports) REÈulatlDn5 2CrtJ8 onlyto the extent required to provide a'twe and fair view, Thi5 departure has Involved followingAccounting and Reporting by Charities prepèrin8 their accounts In a¢tordance with the Financial Repjrtlng Standard applicable in the UK and Republic uf Ireland IFRS 1021 leffective l January 20191 rather than the Accountin8and RepcKting by Charities.. Statement of Recommended Prattite effertive frorn l Aprll 2005 whlch has Sil)￿ been withdrawn. The financial staternents are prepared Sn sterlin& which is thefunctional currency of the company. Monetaryamounts in thesÈfinancial staternents are rotsnded to the nearest £. The accounts have been prepared thE a55Utnption thatthe charity 15 able to continve 35 a going concern. The trustees con&dpr that the charity ha5 sufficient cash reserves to continue as è 8Oln8 toncern for pprlnA nf at Ipa Governance ¢05tscompri5e all costs inVo￿ed in the pvblic4¢¢ountability of the tharty ènd it5compliance with re8ulation goolt prartice. Flxed Assels Consecrated and benefice Pfoperty is not included in the account5 in accordance with 5.10121131 of the Charitie5Act 2011. The costs of improvements to tonsecrated and benefitè propertyare written aff in the year In which they are incurred. Equipment used within thE church prem15e5 is depreci*ed Lwer it5e5timatEd v5eful economic lrfe. Oepreclarl￿ raies are 15% reducing balance for fixture5 and fiitin85 and 25% strai8ht line for shorter life asset5. Individual items of equipment wilh a purchase price of £SC¥) of less are written off when the asset 15 acquired. Oebtors Debtors are measured on initiol reco8nnion at settlernent amount after ony omoyn¢54dvènced bythe charity. Subseouently, they are measured at the cèsli or other cons]deratlon experted to be Tecewed. Short term Ilquld In￿stments ond ¢•sh rRAh IA mppt thort-tprm rxth commitmpnt% as thpy fall dup rAthprthAn for invp%tmpnt purposes and Includes all cash equivalenis held In theform of 5hort.ierm hIgh￿lIquid in¥e5tments. Cash eouivalEnlS are short-teim. highly liquid IDvestmentsthat are readily convertible to known amovnts of cash 3ndthat are subject to an insiwificant risk of change5 in value. Thecharrty has creditors %Yhich are ffleasured at Settle￿n¢ •mounts. Sub accounts Sub accounis reflect amounts held on behalf of groupswfthin the church. Pensloft tosts and other p)St-retl￿Ment be*ellts The chority operetes o defined contribution penJion Jcheme. Contrib¥thnJ PUYBble to the penJS0 scheme ère thar8ed to thè Statement of Fin8niialArtiwties in the ppriod to %Yhith thèy relate. Flnon¢lal Instryrnents f a kifjd that qualify a5 basic financial iD5tryments. 8a5ic financial insirumenis are inrtially recognised ai i¥ansaCtlon value and sub5equenily measured Ht their settlement value. Donatsd8ouds, se￿te$ and fatllltles Donated Boods, 5ervice5 or faciliiie5 are reC08n￿e￿ J5 incomewhen the charity ha5 contrd over the item. 4ny condition5 a550ciated with the donated item h3¥e been ma, the receipt of economic benefit trom the Use by the charlty of the item Is probable and Ihat economic benefit can be measured rellably. On recelpt, donared serwces and facllities are recognlsed on the basis of thevalue of the glft 10 thechariivwhich is the amount thè tharitywould have been wllllng to pay tD obtaln sÈr￿ceS or 13cllltièS ol equivalent economic berelit on the open market,. a correspondin8 amount isthen ietognised in expenditure in rhe period of receipt. -12- Ecumenlcal Church Councll of Christchurch Clevedon Note5 to the fTrnancio1 stalementsfor theyear ended 31st December 2023 Icont.) 2 INCOME AND ENDOWMÈPITS FROM.. Unrestricted Fund5 Total 2023 Funds 2022 Funds an•*lon3 and Lesades Planned 8lvin8'. White envelok*S Yellow 8ift aid envelopes StaniJia8 ordefs Tax recoveraDie 250 105 113,029 136,241 IY,251 14,127 136,241 IY,1S1 14,127 10.216 iknnated serwces Legacies oihei donations GfaTht & fundirvd income 20) 10,579 2(M) 10,579 12,398 194,802 14.813 6,250 175,510 12,398 12,398 182,404 b Irwestments Interest recewable 1.847 1.847 1.847 1,847 77 77 Incomefrom charit•bl? 34.134 4.074 38,208 34.134 4.074 38,208 25.443 4.193 29,636 Feeg & Dther d Other Feed in Tariff- e￿ctriCitY generation Sale of pews 735 1,000 1,735 735 1,000 1,73S 3,994 2,150 6,144 Totsl 124.194 12,398 236.592 211.367 3 EXPEIIDrruRE QN.. Unrestrftted Funds Restrlcted Funds Total 2023 Fund5 2022 Char*able Jctlvlttes Minisiry-. 63.609 S3,640 S,558 2,81£ 38,716 1.969 1,120 16,331 63.609 53,640 5,558 2.81 43,716 1.969 1,120 21,979 65,676 49,996 6,869 2,019 39,074 1.913 1,21S 16,567 Methodist assessmeni Benefice share & clergy expenses MIs￿onary and chariiabie 8ivin8 Youth and children'5 work Adult work Muslc Admin & PA Church runnin8 & malntenance.. RÈpairs and reneY4als Insurance 5.648 38,991 2,076 8,330 1,750 40,741 2,076 8.330 12,573 1,874 9,301 Miscellèneous.. IT c05tS Website & advertisin8 Sundry DeprecSatSon S65 794 679 2,478 979 213,172 1,257 373 2,804 1,257 373 30 CTIC 238,066 12,428 250,494 13- Écumenltal Churth Coun¢ll ol Chrlstthurth Clevedon Notesto the flfianclal statements forthe Yearended 31st De¢ember20Z3 Icf*rt.I Ralsln8fitnds CofFeetime 1,701 I,?oi I,?oi 1,701 1,428 1,428 Governan¢e costs Independeni examination Oonated ser￿￿5- accountancy 1,572 2,C#)O 3.572 1,572 1.410 3.572 3,410 d Flnamce Costs 8ink char8es Interest on Diocesan loHn 129 230 3S9 129 230 359 lis 157 272 TOTALRESOURCES EXPEWLIED 243.698 12.428 256.126 218.282 4 STAFF COSTS Durin8 the ye3rthe Church had a total of four paid 5taff12022'. 41. TheTLG role is pèrt financed by grant income of £S.OLh)12022". £5.rN))l. whilst GVMCalso iontribute rouBhly SO% of the PA Admin'5 wa8es worth E5,64812022'. £4,576). Thp rpmèinder of stbmcosts are met from general ￿n&5, 5upplemeTrted by ad-ho specified donaiiGnS. 5pllt of wa8es ¢05tS 2023 2022 Wa8P5 and salaries Othef penslon costs Total wè8es 47.898 7LS 48,613 44,287 538 44,825 The average number of staff woikin8 for the tharity durin8 the yearwas 4 en￿Oyees12022.. 4 efflplgyeesl. No efflployee5 received emolument5 in exces5 of £fo.riyJ. Donated ioods, seThltesand¢acllltles Uurin8 ihe year. Ihe CnurcTh has tsenefllied from numerous serwces prowded byvdunteer5 covErin8 areas Such as children's and youth ¥voFk. and all areas of ministry. Further services have been provide¢J in the frjrm of 3S515tanEe with maintenancè. ftnanc@ and admlnlsiratlon. 11 Is not pokslble to measurethe financial benefit of such 5ervice5 inthe account5. Duringthe year, a number ofsupplies have been donaied ro further the mlnlstry of the church. It ha5 not been possible to value the good5 donated and theirustees do not believe Ihe total *lue Is material 10 the flnandal statement& uonared se*w*es rectfvtd Duringtheye3r, the church ha5 reco8ni5ed the fairvalue of the donation of accountanry ge￿Ic@s as approximately £2.￿oI2022.. £2.C#JOI and has ret08ni￿ this under other dDnations and chèritable artivitv 14- Ecumenlcal Church Councll of Chrlst¢hurth Clevedon Note5 to theflr*an¢lal rtaternent5 torthe Year ended 31st December2023 Icont.I S STATEMENT OF FIWAWCIALACTIVITYICOMPARATIVEI 2022 SOFA Restricted Funds Unrestricted Fund5 2022 INCOME AND ENDOWMENTS FROM.. Donations and Legacie5 Investments 1?0,510 77 29.636 6.144 175.510 77 29.636 6,144 other TOTAL 206.367 S,C#JO 211,367 EXPENDITURE ON.. 212.180 1,428 3,410 272 992 213,172 1,428 3.410 272 G￿ernanCe costs Flnancé costg TOTAL 217,290 992 218.282 NET INCOMEIIEXPENDITUREI 110,9231 4,(K)8 16,9151 TOTAL FUNDS BIF IstJANUARY 2022 151,283 11,778 163.061 TOTAL FUNDS CIF 31st DECEMBER 2022 140.360 15.786 156.146 6 FIXEDASSErs Fixed 355etS C05ting over £3C#J will be tapitali5vd and depreciated in accoidance wlih the 51ated Fixture5 & Othe Eqvipmenr Total Cost blf Additions Oispos81s Cost clf 32.118 65.658 674 97,776 674 32,118 66,332 98,4SO Accvmulated Deprecia[￿n blf Charge for Year Eliminated on disp05als Accumul3tÈd Depreciation df 24.180 1.191 61,075 1.143 85,255 2.334 25,371 62,218 87.589 Net book￿lue blf 7,938 4.583 12.521 Net bookvalue 6.747 4.114 LO.861 7 Of8TOR5 2023 2022 Tèx retoverable (Accrued Incomel Church or88n 5tle proceed5 balance (Accrued Incomel Fire Jlarm mainrenance contrart CCLIIPRS music licence5 Purchases refunded after-daie Prepaid advertlsing cost5 Prepald copier tharges 19,376 46,584 96 891 396 692 271 6.390 28.112 92 823 692 245 5.774 55.209 15- EcLFmÈnlcal Church Councll of Chrlstchurch Clevedon Notesio thefinancial Statements forthe Year ended 315t December 2023 Icont.I 11 FLINDS The restricted funds comprise the continuation of thÈTrainÈt Family tsordinator Fund, the Early Inteiven(itrn Group, the8r4nt-funded Cycle Rack and anYdOnat￿nS received lara &pEcific purp05e or cause. UnrestTlCted Funds encompass all othey on8oin8 thuTch artivite5 and are not separated inio further sub. categories. Rellrfrted Fund Movempnts Af oi.ok.23 Incomlng ie50urces Resources expended At 31.12.23 TLGIEIG Fund Speclfic Donations GVMC ￿larycl￿r1b￿tI0n5 Cycle Rark Total Restrirted F￿d$ 13.643 1,946 s.orp) 1,7SO 5,648 15.C¥JOI 13,643 1,946 15,6481 197 15.786 167 15.7S6 12.398 112.4281 At 01.01.22 Incoming resources Resources expended At 31.12.22 TLGtsI6 Fund Specific Donatiuns Cycle Rack Total Restricted Funds 19571 13,64J 1,946 197 15.786 1,946 232 11.778 TWIEIQ This restrlcted fund represents donations and granrs re*ived in respett of our parinershipwith iansformlng Lives for GoDd' This covers cost5 incurred in rrainlng a rearn ro work In local schools. Durlng the period, 8rants of £5,0(K)12022.' ES,WOI were recÈi¥ed towards this Initiative. GVMCSalary(onirfb￿k)ns This restricted fund represents contribuiions made by Gordano Vall* Methodist Church IGVMCI In Cy(le ratk Thi5 restricted fund refectsthe rycle rack net book vèlue. 5pet¢hyr¢h. Ple•se r￿1¢ thai the Methodist Minister's expense5 ale paid by the Gordano Methodi5r Circuit. Do0a￿OnstrOrn Related Partles Durin8 the yeBrthe trustees were responsible fcK donations received foialling E25.17012022.. f 21,1201. These amountsare included within Note 2a 'Oonations and Le8acies Income above. In add￿lon iothis. the spouse of theTrustee, J Mcmanus, donated Accounianry5erylces vl? h15companv* Mcmanus William5. wirh an estimated value of £2.(￿l2022." £2.(IJOI. -18-