2023-12-31-accounts - The Parish of Christ the King, Bradley Stoke

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REGISTERED CHARITY NUMBER: 1181564

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 December 2023

for

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Contents of the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2023

		Page
Report of the Trustees	1	to	3
Independent Examiner's Report		4
Statement of Financial Activities		5
Balance Sheet		6
Notes to the Financial Statements	7	to	17
Detailed Statement of Financial Activities	18	to	19

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The primary objective of the PCC is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The Trustees confirm that they have complied with their duty of the Charities Act 2011 in having due regard to the Charity Commission's guidance on Public Benefit when planning and reviewing the aims and objectives of The Parish of Christ the King.

The Bristol Diocese is committed to the vision of 'Humanity reconciled, creation restored'.

The Parish of Christ the King, Bradley Stoke works with freedom to express its ministry in unique ways as reflected in the vision statement 'Growing, loving, serving and sharing'.

Significant activities

In 2023, The Parish of Christ the King, Bradley Stoke fulfilled its charitable objectives by undertaking a number of activities.

Regular worship, primarily (but not exclusively) on Sundays, plus a weekly prayer service.
An opportunity to learn more about the Christian Faith is provided by Alpha courses.
The mums and toddlers morning group known as First Steps runs once a week.
A weekly coffee morning and two groups support those enjoying "later living".
Our youth and children's work, mostly overseen by our Youth Trainee, serves families from our congregation and
from our local community.
Our ministers and others support and have created active links with our local primary and secondary schools.

Public benefit

The Parish of Christ the King, Bradley Stoke sets aside 5-10% of the voluntary planned giving. In 2023, the church continued to work closely with existing mission partners, both in the UK and overseas.

Volunteers

A big 'thank you' to all the volunteers who lead and support these and other church-linked activities.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The groups and activities listed in the "Objectives and activities" section above continue to flourish in serving various sections of the communities of Bradley Stoke and Little Stoke.

Going Concern

The trustees consider that the charity will continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved. The trustees therefore consider it appropriate to adopt the going concern basis of preparation of the accounts, as detailed in note 1 to the financial statements.

SAFEGUARDING

The PCC reviewed its safeguarding policy in 2023. The policy is in line with the diocesan and national church safeguarding guidelines. A safeguarding officer is appointed by the PCC.

Page 1

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2023

FINANCIAL REVIEW

Principal funding sources

The principal funding source for the church is the generous giving of members (including Gift Aid) and rental income from the letting of rooms.

The expenditure has satisfied the charitable objectives by supporting the advancement of the Christian faith, children and youth work and a wide range of community services, such as the Coffee Morning.

Investment policy and objectives

Previously, the PCC invested funds in excess of short term requirements with the CBF Church of England Deposit Fund. There were no investment conditions placed upon these funds.The PCC closed the Deposit Fund in the year.

Most of the tax efficient standing orders have moved over to the Parish Giving Scheme.

Reserves policy

The PCC have sought to build up free reserves to a level, both to support the operations of the church during any temporary reduction in income and also to enable a controlled rundown of activities, if it became no longer feasible to continue its operations. The Trustees are therefore working towards holding free reserves at a level equal to 3 months regular expenditure. In measuring free reserves, the Trustees exclude the designated funds.

At the end of 2023, total reserves were £172,887 (2022 - £173,935).

At the year end, there were free reserves of £144,274 (2022 - £136,538) which equates to approximately 16 months' expenditure based on 2023 figures.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The PCC is a body corporate established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure along with relevant sections of Synodical Government Measure and Charities Acts. All PCC members are trustees of the charity.The charity constitutes an unincorporated charity.

Recruitment and appointment of new trustees

Members of the PCC (trustees) are either appointed ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. All trustees are given the Charity Commission publication CC3 'The Essential Trustee - What You Need to Know' to assist in the induction process and to allow all new trustees to be aware of their legal responsibilities. The Diocese of Bristol provides PCC (membership, trustee) training and all new trustees are obliged to attend. New PCC members undergo the Safeguarding Basic and Foundation courses online or the further in-depth Safeguarding courses. DBS certificates have a time limit of three years. New volunteers to help with the young children and youth groups are also required to have a DBS certificate.

Organisational structure

The Parish of Christ the King, Bradley Stoke falls within the Kingswood and South Gloucestershire Deanery of the Diocese of Bristol.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1181564

Page 2

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2023

Principal address Church Office Church of Christ the King Mautravers Close Bradley Stoke Bristol BS32 8EE

Trustees
Ex Officio members:
Rev R. Cresswell	Vicar and Chair
D. Thornley	Church Warden (resigned as Church Warden 2023)
S. Jonathan	Church Warden and Deanery Synod Representative
C. Wilkins	Deanery Synod Representative (resigned 2023)
R. Aquilina	Church Warden (elected as Church Warden 23 April 2023)
D. Barter	Deanery Synod Representative (elected 23 April 2023)
Elected members:
P. Cale	Treasurer
S. Cale	Safeguarding Officer (resigned 2023)
I. Ford	Member
A. North	Vice-Chair
A. Jenkins	Member (resigned 13 March 2023)
M. Mitchell	Member
C. Silvester	Member
M. Hepburn	Member
J. Curry	Member
L. Yates	Member
D. Thornley	Member
H. North	Secretary (elected 23 April 2023)

Independent Examiner

Andrew Jordan FCA Haines Watts Chartered Accountants Bath House 6 - 8 Bath Street Bristol BS1 6HL

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

....................................................................

R Cresswell - Trustee

Page 3

Independent Examiner's Report to the Trustees of The Parish of Christ the King, Bradley Stoke

Independent examiner's report to the trustees of The Parish of Christ the King, Bradley Stoke

I report to the charity trustees on my examination of the accounts of The Parish of Christ the King, Bradley Stoke (the Trust) for the year ended 31 December 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 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

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

accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
the accounts do not accord with those records; or
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.

Andrew Jordan FCA

Haines Watts Chartered Accountants Bath House 6 - 8 Bath Street Bristol BS1 6HL

Date: .............................................

Page 4

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 65,950 Charitable activities 5 Ministry and mission 4,094 Other trading activities 3 26,042 Investment income 4 2,344 Other income 540 Total 98,970 EXPENDITURE ON Charitable activities 6 Ministry and mission 97,883 Coffee shop ministry - Total 97,883 Net gains/(losses) on investments 3,398 NET INCOME/(EXPENDITURE) 4,485 RECONCILIATION OF FUNDS Total funds brought forward 154,507 TOTAL FUNDS CARRIED FORWARD 158,992	Restricted funds £ 4,417 - - - - 4,417 9,950 - 9,950 - (5,533) 19,428 13,895	2023 Total funds £ 70,367 4,094 26,042 2,344 540 103,387 107,833 - 107,833 3,398 (1,048) 173,935 172,887	2022 Total funds £ 67,561 2,572 23,837 204 - 94,174 100,826 364 101,190 (7,698) (14,714) 188,649 173,935

The notes form part of these financial statements

Page 5

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Balance Sheet 31 DECEMBER 2023

Unrestricted funds Notes £ FIXED ASSETS Investments 14 - CURRENT ASSETS Debtors 15 1,277 Cash at bank and in hand 161,183 162,460 CREDITORS Amounts falling due within one year 16 (3,468) NET CURRENT ASSETS 158,992 TOTAL ASSETS LESS CURRENT LIABILITIES 158,992 NET ASSETS 158,992 FUNDS 17 Unrestricted funds Restricted funds TOTAL FUNDS	Restricted funds £ - - 13,895 13,895 - 13,895 13,895 13,895	2023 Total funds £ - 1,277 175,078 176,355 (3,468) 172,887 172,887 172,887 158,992 13,895 172,887	2022 Total funds £ 77,410 1,263 99,172 100,435 (3,910) 96,525 173,935 173,935 154,507 19,428 173,935

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. R Cresswell - Trustee

The notes form part of these financial statements

Page 6

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011.

The financial statements are prepared in sterling which is the functional currency of the charity and are rounded to the nearest £.

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. The trustees have considered the charity's current and future financial position and consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under gift aid is recognised only when received. Income tax recoverable on gift aid donations is recognised when the related income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due. Rental income from the letting of church premises is recognised when the rental is due. Other income is recognised on a receipts basis. The value of services provided by volunteers has not been included.

Grants

Grants are recognised in full in the Statement of Financial Activities in the year in which they are receivable, where all conditions associated with the grant have been met. Where conditions exist which remain unsatisfied, the grant is treated as a liability until the conditions have been substantially met.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

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

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

continued...

Page 7

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES - continued

Fund accounting

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

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Donated goods, services and facilities

Donated goods, services or facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Debtors

Debtors are measured on initial recognition at settlement amount after any amounts advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

Creditors

The charity has creditors which are measured at settlement amounts.

Financial Instruments

The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Judgements and key sources of estimation uncertainty

No judgements (apart from those involving estimates) or key estimates have been made in the process of applying the above accounting policies.

Short term liquid investments and cash

Cash at bank is held to meet short-term cash commitments as they fall due rather than for investment purposes and includes all cash equivalents held in the form of short-term highly liquid investments. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Investments

Listed investments are measured initially at cost and subsequently at market value as at the balance sheet date. Unrealised gains and losses arising on the revaluation of investments are recognised in the Statement of Financial Activities.

continued...

Page 8

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023

2. DONATIONS AND LEGACIES Standing orders Church collections Other giving Gift aid tax refunds 3. OTHER TRADING ACTIVITIES Church lettings 4. INVESTMENT INCOME Deposit account interest 5. INCOME FROM CHARITABLE ACTIVITIES Activity Diocese fees Ministry and mission Fees for the DCC Ministry and mission Grants Ministry and mission Grants received, included in the above, are as follows: Bradley Stoke Town Council South Gloucestershire Council	2023 £ 44,133 4,167 10,176 11,891 70,367 2023 £ 26,042 2023 £ 2,344 2023 £ 713 631 2,750 4,094 2023 £ 2,350 400 2,750	2022 £ 37,607 4,191 15,233 10,530	2022 £ 37,607 4,191 15,233 10,530
		67,561
		2022 £ 23,837
		2022 £ 204 2022 £ - 222 2,350 2,572 2022 £ 2,350 - 2,350
			2,350

continued...

Page 9

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023

6. CHARITABLE ACTIVITIES COSTS

6. CHARITABLE ACTIVITIES COSTS
Grant funding of Direct activities Costs (see (see note note 7) 8) £ £ Ministry and mission 98,098 7,110 7. DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Clergy expenses Church running expenses Parish share Church mission and social events Church administration Youth work Other expenses Parochial Diocese Fees 8. GRANTS PAYABLE Ministry and mission The total grants paid to institutions during the year was as follows: Ambassadors Football Bristol Street Pastors inHope Know Your Bible Mercy Ships Tear Fund Other	Support costs (see note 9) £ 2,625 2023 £ 19,708 611 29,866 36,000 364 2,034 8,816 78 621 98,098 2023 £ 7,110 2023 £ 600 1,000 2,710 - 1,000 1,500 300 7,110	Totals £ 107,833
			2022 £ 24,346 205 25,299 30,000 345 1,197 8,785 2,765 -
			92,942
			2022 £ 5,775 2022 £ 750 - 3,005 750 - - 1,270 5,775
				5,775

continued...

Page 10

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023

9. SUPPORT COSTS

9.	SUPPORT COSTS
			Governance
		Finance	costs	Totals
		£	£	£
	Ministry and mission	237	2,388	2,625
10.	INDEPENDENT EXAMINER'S REMUNERATION
			2023	2022
			£	£
	Examiner's remuneration for independent examination and	accounts
	preparation		2,388	2,268

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

12. STAFF COSTS

Wages and salaries Other pension costs The average monthly number of employees during the year was as follows: Administration and cleaning staff	2023 £ 19,186 522 19,708 2023 2	2022 £ 23,804 542
		24,346
		2022 3

No employees received emoluments in excess of £60,000.

continued...

Page 11

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 65,955 Charitable activities Ministry and mission 222 Other trading activities 23,837 Investment income 204 Total 90,218 EXPENDITURE ON Charitable activities Ministry and mission 91,841 Coffee shop ministry - Total 91,841 Net gains/(losses) on investments (7,698) NET INCOME/(EXPENDITURE) (9,321) RECONCILIATION OF FUNDS Total funds brought forward 163,828 TOTAL FUNDS CARRIED FORWARD 154,507	Restricted funds £ 1,606 2,350 - - 3,956 8,985 364 9,349 - (5,393) 24,821 19,428	Total funds £ 67,561 2,572 23,837 204 94,174 100,826 364 101,190 (7,698) (14,714) 188,649 173,935

The comparative figures above are as per the The Statement of Financial Activities for the year to 31 December 2022.

continued...

Page 12

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023

14. FIXED ASSET INVESTMENTS

	Listed investments	Listed investments
	£

	77,410
	3,938
	(81,348 )

	-


	-

	77,410


2023 £ 288 989 1,277 2023 £ 3,468		2022 £ 666 597 1,263 2022 £ 3,910

continued...

Page 13

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023

17. MOVEMENT IN FUNDS

Unrestricted funds General fund Fabric fund Foundation fund Youth work fund Restricted funds Caring/ sharing fund Alpha fund Youth worker fund Coffee morning fund TOTAL FUNDS Net movement in funds, included in the above are Unrestricted funds General fund Fabric fund Foundation fund Youth work fund Restricted funds Caring/ sharing fund Alpha fund Youth worker fund Coffee morning fund TOTAL FUNDS	as follows: Incoming resources £ 93,595 5,375 - - 98,970 200 70 1,830 2,317 4,417 103,387	At 1.1.23 £ 136,538 12,069 2,409 3,491 154,507 1,327 46 12,739 5,316 19,428 173,935 Resources expended £ (89,257) (5,375) (2,409) (842) (97,883) (501) (50) (8,816) (583) (9,950) (107,833)	Net movement At in funds 31.12.23 £ £ 7,736 144,274 - 12,069 (2,409) - (842) 2,649 4,485 158,992 (301) 1,026 20 66 (6,986) 5,753 1,734 7,050 (5,533) 13,895 (1,048) 172,887 Gains and Movement losses in funds £ £ 3,398 7,736 - - - (2,409) - (842) 3,398 4,485 - (301) - 20 - (6,986) - 1,734 - (5,533) 3,398 (1,048)

continued...

Page 14

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds General fund Fabric fund Foundation fund Youth work fund Restricted funds Caring/ sharing fund Alpha fund Youth worker fund Coffee morning fund TOTAL FUNDS	At 1.1.22 £ 138,330 14,381 5,679 5,438 163,828 1,477 46 18,725 4,573 24,821 188,649	Net movement in funds £ (1,792) (2,312) (3,270) (1,947) (9,321) (150) - (5,986) 743 (5,393) (14,714)	At 31.12.22 £ 136,538 12,069 2,409 3,491
			154,507 1,327 46 12,739 5,316
			19,428
			173,935

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund Fabric fund Foundation fund Youth work fund Restricted funds Caring/ sharing fund Youth worker fund Coffee morning fund TOTAL FUNDS	Incoming resources £ 87,868 - - 2,350 90,218 50 2,799 1,107 3,956 94,174	Resources expended £ (81,962) (2,312) (3,270) (4,297) (91,841) (200) (8,785) (364) (9,349) (101,190)	Gains and Movement losses in funds £ £ (7,698) (1,792) - (2,312) - (3,270) - (1,947) (7,698) (9,321) - (150) - (5,986) - 743 - (5,393) (7,698) (14,714)	Gains and Movement losses in funds £ £ (7,698) (1,792) - (2,312) - (3,270) - (1,947) (7,698) (9,321) - (150) - (5,986) - 743 - (5,393) (7,698) (14,714)
				(9,321) (150) (5,986) 743
				(5,393)
				(14,714)

continued...

Page 15

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023

17. MOVEMENT IN FUNDS - continued

Comparative analysis of net assets between funds, are as follows:

Fund balances as at 31 December 2022 Unrestricted Restricted	Fund balances as at 31 December 2022 Unrestricted Restricted	Fund balances as at 31 December 2022 Unrestricted Restricted	Total
	funds	funds	funds
	£	£	£
Fixed assets	77,410	-	77,410
Current assets	81,007	19,428	100,435
Current liabilities	(3,910)	-	(3,910)


Total net assets	154,507	19,428	173,935

General fund (unrestricted)

This fund represents the day to day operation of the ministry and mission of the church.

Fabric fund (designated)

This fund is designated for current and future maintenance of the fabric of Christ the King Church.

Foundation fund (designated)

This fund is designated for the purchase of new church items.

Youth work fund (designated)

This fund is designated for expenditure relating to youth ministers.

Caring/ sharing fund (restricted)

This fund is restricted for pastoral care purposes.

Alpha fund (restricted)

This fund is restricted for funding Alpha courses.

Youth worker fund (restricted)

This fund is restricted for funding for youth worker position.

Coffee morning fund (restricted)

This fund is restricted for expenditure on coffee mornings.

continued...

Page 16

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2023

18. EMPLOYEE BENEFIT OBLIGATIONS

During the year, the charity paid into a defined contribution pension scheme. The total for the year of £569 (2022: £542) is included within expenditure in the Statement of Financial Activities.

There were no outstanding charity contributions (2022: £Nil) as at 31 December 2023.

19. RELATED PARTY DISCLOSURES

There were donations from trustees of £18,840 in 2023 (2022: £21,200). There were no other related party transactions in the year ended 31 December 2023.

Page 17

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2023

INCOME AND ENDOWMENTS Donations and legacies Standing orders Church collections Other giving Gift aid tax refunds Other trading activities Church lettings Investment income Deposit account interest Charitable activities Diocese fees Fees for the DCC Grants Other income Gain on sale of tangible fixed assets Total incoming resources EXPENDITURE Charitable activities Wages Pensions Clergy expenses Church running expenses Parish share Church mission and social events Church administration Youth work Other expenses Parochial Diocese Fees Grants to institutions	2023 £ 44,133 4,167 10,176 11,891 70,367 26,042 2,344 713 631 2,750 4,094 540 103,387 19,186 522 611 29,866 36,000 364 2,034 8,816 78 621 7,110 105,208	2022 £ 37,607 4,191 15,233 10,530
		67,561 23,837 204 - 222 2,350
		2,572 -
		94,174 23,804 542 205 25,299 30,000 345 1,197 8,785 2,765 - 5,775
		98,717

This page does not form part of the statutory financial statements

Page 18

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2023

Support costs Finance Bank charges Governance costs Examiner's remuneration for independent examination and accounts preparation Total resources expended Net expenditure	2023 £ 237 2,388 107,833 (4,446)	2022 £ 205 2,268 101,190 (7,016)

This page does not form part of the statutory financial statements

Page 19