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2024-12-31-accounts

REGISTERED CHARITY NUMBER: 1181564

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Contents of the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2024

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 21
Detailed Statement of Financial Activities 22 to 23

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. 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).

The Parish of Christ the King, Bradley Stoke, which comprises the Church of Christ the King, was created on 27 September 2022 and, together with the Parish of Holy Trinity, Bradley Stoke forms the benefice of Bradley Stoke ("the benefice"). The parish is a charity, registered with the Charity Commission (charity number 1181564) and the members of the Parochial Church Council for Christ the King, Bradley Stoke are its trustees.

The trustees report and financial statements incorporate the activities of the Church of Christ the King for the year ended 31 December 2024.

OBJECTIVES AND ACTIVITIES

Aim and Purpose

The Parochial Church Council of Christ the King, Bradley Stoke (the "PCC") has the responsibility of cooperating with the Incumbent, the Reverend Rich Cresswell (vicar), in promoting in the ecclesiastical parish and benefice and the Diocese, and also at home and abroad the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also responsible for maintaining the church building and grounds.

Objectives and Activities

The PCC is committed to enabling as many people as possible to worship at our church and to become part of our church family. When planning our activities, members of the PCC have considered the Charity Commission's guidance on public benefit, and in particular the specific guidance on charities for the advancement of religion.

Our services and worship put faith into practice through prayer and scripture, music and sacrament. We try to enable ordinary people to live out their faith as part of our parish family, through:

To facilitate this work, it is vital that we maintain the fabric of the church building.

In 2023, the PCC approved a new parish-discerned vision statement: Christ at the heart of who we are , Christ at the heart of how we live .

This vision statement is supported by four values: Following - learning the ways of Jesus Christ and walking in them Sharing - spreading the Good News of Jesus with those around us Serving - looking after our local community Caring - providing for one another's needs

The PCC uses this vision statement and values to guide our decision-making, including the use of our funds and resources.

Page 1

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2024

Achievements and performance

Worship and Prayer

The PCC is keen to offer a range of services during the week.

Our principal Sunday service is at 9:30am, with Holy Communion once a month and Services of the Word (Morning Worship/Café Church) on all other Sundays. We continue to make this service available to a wider audience through posting recordings on our YouTube channel.

During 2024, our Sunday evening services include Holy Communion once a month and a monthly prayer meeting.

We began a new service pattern, which included an afternoon café church on the first Sunday of the month.

At the 2024 APCM there were 81 on the Electoral Roll.

Physical Attendance figures:
Sunday 9:30am (average) 53 adults 5 children (58 total)
Morning Café Church (average) 60 adults 10 children (70 total)
Afternoon Cafe Church (average) 26 adults 10 children (36 total)
Evening service (average) 15 adults 0 children (15 total)
Wednesday Morning Prayer
(average) 4 adults 0 children (4 total)
Easter Day 2024 81 adults 16 children (97 total)
Christmas carol service 121 adults 18 children (139 total)
Christmas Eve crib service 101 adults 46 children (147 total)
Midnight Holy Communion 40 adults 4 children (44 total)

As well as our regular services, we seek to enable our community to celebrate and thank God at the milestones of the journey through life. There were 0 infant baptisms, 0 adult baptisms, 0 weddings, and 1 funeral during the year.

Deanery (Synod etc.)

Christ the King Church has two lay members of the Kingswood and South Gloucestershire Deanery Synod. The Deanery Synod provides the PCC with a link to the churches around us, and also with the diocese as a whole. It also receives reports from the General Synod.

In 2024, many of the Deanery Synod meetings revolved around the implementation of the Diocesan Strategy, "Transforming Church. Together".

Church Fabric

Most of the fabric activities in 2024 involved work on the planning and execution of the proposed extension to the kitchen and foyer. Funds for this project have come from a mixture of donations from the congregation and wider community during 2024, the coffee morning fund, charity grants, legacies and reserves. Outline planning was granted by South Gloucestershire Council in 2022 and we broke ground on the extension in December 2024, with a hope to complete the work around Easter 2025.

Mission and Evangelism

Key features of our mission and evangelism in 2024 included:

Page 2

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2024

OBJECTIVES AND ACTIVITIES

Mission and Evangelism (continued)

Public benefit

The Parish of Christ the King, Bradley Stoke sets aside 5-10% of the voluntary planned giving for mission. In 2024, the church continued to work closely with existing mission partners, both in the UK and overseas, using these set aside funds.

Volunteers

The members of the PCC would like to thank all the volunteers who work so tirelessly to make our church a lively and vibrant community.

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 benefice reviewed and re-approved its safeguarding policy in 2024. The policy is in line with the diocesan and national church safeguarding guidelines. We added a restriction on certain roles that cannot be filled unless the individual has been a regular attender at one of the churches in the benefice for at least six months. Sue Cale continued to serve as Parish Safeguarding Officer throughout 2024.

Page 3

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2024

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 PCC continues to pay the full parish share requested by the diocese.

Whenever possible we encourage regular givers to use the parish giving scheme and for donations to be Gift Aided, in order to maximise the tax credit from HMRC. We also make use of the Gift Aid Small Donations Scheme which is available to churches.

Financial position

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.

Overall, total receipts of unrestricted funds in the financial statements for 2024 were £154,196 (2023 - £98,970), an increase of £55,226. Regular donations and giving on the plate during services were in line with the previous year at £68,534 (2023 - £68,698).

The kitchen extension project included a significant push for donations in 2024. Personal unrestricted donations in response to this totalled £40,047 plus gift aid of £9,770, while we received a further £20,000 in restricted funds from grant-awarding bodies. This accounts for a significant end-of-year rise in our reserves . Ground was broken on the kitchen extension project in December 2024 and there were costs of £66,156 which have been capitalised and included in the financial statements as a fixed asset for 2024. Payments to contractors will continue to go out in 2025 and will increase the fixed asset on the balance sheet.

Total expenses from unrestricted funds amounted to £100,105 (2023 - £97,883), an increase of £2,222. Major expenses included the new website, remedial electrical work, boiler and roof repairs. At the end of the year, our finances showed net income of £72,876 (2023 - deficit of £1,048).

The Youth Worker Fund is an independent restricted fund controlled by both this PCC and the ECC of Holy Trinity, Bradley Stoke. Neither church in the parish contributed to the fund during the year. The fund has depleted over time due to the ongoing support of our youth work trainees who have been studying through South West Youth Ministries, including our trainee who joined us for the academic year ending July 2024. We received Service Level Agreement (SLA) support of £2,500 (2023 - £2,350) from Bradley Stoke Town Council for provision of youth work sessions.

We also received a grant from South Gloucestershire Council totalling £1,000 (2023 - £400) towards the use of our building as a Warm Space throughout the winter.

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 2024, total reserves were £245,763 (2023 - £172,887).

At the year end, there were free reserves of £150,644 (2023 - £144,274) which equates to approximately 18 months' normal expenditure based on 2024 figures.

Page 4

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2024

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

The method of appointment of PCC members is set out in the Church Representation Rules. The Council comprises the Incumbent, the Churchwardens, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting, by those on the Electoral Roll. Members of the congregation are always urged to join the Electoral Roll, and to stand for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance in the parish, and for all financial matters. We were able to hold all of our meetings face-to-face in 2024, with a good level of attendance at each meeting. In accordance with Church Representation Rule M29, a small amount of business was conducted by e-correspondence.

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

Principal address

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

Page 5

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees
Ex Officio members:
Rev Rich Cresswell Vicar and Chair
Sue Jonathan Church Warden (until 28 April 2024), Deanery Synod Representative
Richard Aquilina Church Warden
Dave Barter Deanery Synod Representative, Electoral Roll Officer
Elected members:
Sue Cale Safeguarding Officer (appointed 28 April 2024)
Janice Curry
Isabel Ford (until 28 April 2024)
Murray Hepburn (from 28 April 2024)
Mark Mitchell
Andrew North Vice-Chair
Helen North PCC Secretary
Colin Silvester
David Thornley
Lisa Yates
Co-opted members:
Murray Hepburn (until 28 April 2024)
Appointed to the PCC: (not trustees)
Philip Cale Treasurer
Independent Examiner
Matthew Bracher BSc FCA
Gravita
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:
21st April 2025
....................................................................
R Cresswell – Chair of Trustees

Page 6

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 2024.

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:

  1. accounting records were not kept in respect of the Trust 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.

Matthew Bracher BSc FCA

Gravita Chartered Accountants Bath House 6 - 8 Bath Street Bristol BS1 6HL 29/04/2025 Date: .............................................

Page 7

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
117,351
Charitable activities
5
Ministry and mission
2,898
Other trading activities
3
28,122
Investment income
4
5,825
Other income
-
Total
154,196
EXPENDITURE ON
Charitable activities
6
Ministry and mission
100,105
Coffee shop ministry
-
Total
100,105
Net gains on investments
-
NET INCOME/(EXPENDITURE)
54,091
Transfers between funds
17
19,966
Net movement in funds
74,057
RECONCILIATION OF FUNDS
Total funds brought forward
158,992
TOTAL FUNDS CARRIED FORWARD
233,049		 Restricted
funds
£
22,536
2,500
-
-
-
25,036
5,788
463
6,251
-
18,785
(19,966)
(1,181)
13,895
12,714		 2024
Total
funds
£
139,887
5,398
28,122
5,825
-
179,232
105,893
463
106,356
-
72,876
-
72,876
172,887
245,763		 2023
Total
funds
£
70,367
4,094
26,042
2,344
540
103,387
107,833
-
107,833
3,398
(1,048)
-
(1,048)
173,935
172,887

The notes form part of these financial statements

Page 8

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Balance Sheet 31 DECEMBER 2024

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
14
66,156
CURRENT ASSETS
Debtors
15
5,549
Cash at bank and in hand
164,427
169,976
CREDITORS
Amounts falling due within one year
16
(3,083)
NET CURRENT ASSETS
166,893
TOTAL ASSETS LESS CURRENT
LIABILITIES
233,049
NET ASSETS
233,049
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
12,714
12,714
-
12,714
12,714
12,714		 2024
Total
funds
£
66,156
5,549
177,141
182,690
(3,083)
179,607
245,763
245,763
233,049
12,714
245,763		 2023
Total
funds
£
-
1,277
175,078
176,355
(3,468)
172,887
172,887
172,887
158,992
13,895
172,887

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 21st April 2025

............................................. R Cresswell - Chair of Trustees

The notes form part of these financial statements

Page 9

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2024

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 financial statements 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

continued...

Page 10

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

The church land and buildings are held by the diocese as custodian trustee and are excluded from the financial statements. The land and buildings are not consecrated. Improvements to the building have been capitalised, are currently in progress and have been included in fixed assets.

All fixed assets are initially recorded at cost. The cost of construction of the improvements has been capitalised.

As permitted by the Statement of Recommended of Practice, no provision for depreciation has been made for improvements as it is currently under construction.

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.

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.

continued...

Page 11

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES - continued

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.

2. DONATIONS AND LEGACIES

Grants
Standing orders
Church collections
Other giving
Gift aid tax refunds		 2024
£
20,000
47,413
4,100
55,814
12,560
**139,887 **		 2023
£
-
44,133
4,167
10,176
11,891
70,367

Grants received, included in the above, are as follows:

Benefact Trust
St Michael's Church Centre Limited		 2024
£
15,000
5,000
20,000		 2023
£
-
-
-

continued...

Page 12

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024

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 PCC
Ministry and mission
Grants
Ministry and mission
Grants received, included in the above, are as follows:
Bradley Stoke Town Council
South Gloucestershire Council
6.
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 7)
£
Ministry and mission
95,841
Coffee shop ministry
463
**96,304 **		 Grant
funding of
activities
(see note
8)
£
6,986
-
6,986		 2024
£
28,122
2024
£
5,825
2024
£
1,192
706
3,500
5,398
2024
£
2,500
1,000
3,500
Support
costs (see
note 9)
£
3,066
-
3,066		 2023
£
26,042
2023
£
2,344
2023
£
713
631
2,750
4,094
2023
£
2,350
400
2,750
Totals
£
105,893
463
106,356

continued...

Page 13

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024

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
Love Russia
Mercy Ships
Tear Fund
The Family Centre for Deaf Children
Other		 2024
£
22,078
757
29,860
36,000
765
898
5,688
30
228
96,304
2024
£
6,986
2024
£
600
-
2,586
1,000
-
1,500
1,000
300
6,986		 2023
£
19,708
611
29,866
36,000
364
2,034
8,816
78
621		 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
7,110

continued...

Page 14

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024

9. SUPPORT COSTS

9. SUPPORT COSTS
Governance
Finance costs Totals
£ £ £
Ministry and mission 258 2,808 3,066
10. INDEPENDENT EXAMINER'S REMUNERATION
2024 2023
£ £
Examiner's remuneration for independent examination and accounts
preparation 2,808 2,388

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

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		 2024
£
21,481
597
22,078
2024
2		 2023
£
19,186
522
19,708
2023
2

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

Page 15

continued...

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024

13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
65,950
Charitable activities
Ministry and mission
4,094
Other trading activities
26,042
Investment income
2,344
Other income
540
Total
98,970
EXPENDITURE ON
Charitable activities
Ministry and mission
97,883
Net gains 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
-
(5,533)
19,428
13,895		 Total
funds
£
70,367
4,094
26,042
2,344
540
103,387
107,833
3,398
(1,048)
173,935
172,887

The comparative figures above are as per the The Statement of Financial Activities for the year to 31 December 2023.

14. TANGIBLE FIXED ASSETS


COST
Additions
NET BOOK VALUE
At 31 December 2024
At 31 December 2023		 Building
project
£
66,156
66,156
-

Page 16

continued...

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
Tax refunds
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
17.
MOVEMENT IN FUNDS
Net
movement
At 1.1.24
in funds
£
£
Unrestricted funds
General Fund
144,274
6,404
Fabric Fund
12,069
(1,814)
Youth Work Fund
2,649
(316)
Extension (Donations) Fund
-
49,817
Fixed Asset Fund
-
-
158,992
54,091
Restricted funds
Caring/ Sharing Fund
1,026
-
Alpha Fund
66
(100)
Youth Worker Fund
5,753
(3,188)
Coffee Morning Fund
7,050
2,073
Extension (Grants) Fund
-
20,000
13,895
18,785
TOTAL FUNDS
172,887
72,876		 2024
£
964
4,585
5,549
2024
£
3,083
Transfers
between
funds
£
(34)
-
-
(46,156)
66,156
19,966
-
34
-
-
(20,000)
(19,966)
-		 2023
£
288
989
1,277
2023
£
3,468
At
31.12.24
£
150,644
10,255
2,333
3,661
66,156
233,049
1,026
-
2,565
9,123
-
12,714
245,763

continued...

Page 17

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024

17. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General Fund
Fabric Fund
Youth Work Fund
Extension (Donations) Fund
Restricted funds
Alpha Fund
Youth Worker Fund
Coffee Morning Fund
Extension (Grants) Fund
TOTAL FUNDS
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		 Incoming
resources
£
104,379
-
-
49,817
154,196
-
2,500
2,536
20,000
25,036
179,232
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
Movement
expended
in funds
£
£
(97,975)
6,404
(1,814)
(1,814)
(316)
(316)
-
49,817
(100,105)
54,091
(100)
(100)
(5,688)
(3,188)
(463)
2,073
-
20,000
(6,251)
18,785
(106,356)
72,876
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

continued...

Page 18

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024

17. MOVEMENT IN FUNDS - continued

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
Alpha Fund
Youth Worker Fund
Coffee Morning Fund
TOTAL FUNDS		 Incoming
resources
£
93,595
5,375
-
-
98,970
200
70
1,830
2,317
4,417
103,387		 Resources
expended
£
(89,257)
(5,375)
(2,409)
(842)
(97,883)
(501)
(50)
(8,816)
(583)
(9,950)
(107,833)		 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)

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

Fund balances as at 31 December 2023
Unrestricted
Restricted
funds
funds
£
£
Current assets
162,460
13,895
Current liabilities
(3,468)
-
Total net assets
158,992
13,895		 Total
funds
£
176,355
(3,468)
172,887

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, prior year)

This fund was designated for expenditure relating to youth ministers.

Extension (Donations) Fund (designated)

The fund reflects personal donations, set aside by the trustees, towards the costs of the church extension project.

continued...

Page 19

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024

17. MOVEMENT IN FUNDS - continued

Fixed Asset Fund (designated)

The fund reflects the value of fixed asset, the extension cost to the year end.

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.

Extension (Grants) Fund (restricted)

This fund reflects grants received specifically for use towards the church extension project.

Transfers between funds

At the year-end £20,000 was transferred from the Extension (Grants) Fund to the Fixed Asset Fund reflecting the spend of the restricted fund towards the cost of the extension project. Similarly, £46,156 was transferred from the Extension (Donations) Fund to the Fixed Asset Fund reflecting the spend of unrestricted funds on the cost of the extension project.

18. EMPLOYEE BENEFIT OBLIGATIONS

During the year, the charity paid into a defined contribution pension scheme. The total for the year of £597 (2023: £522) is included within expenditure in the Statement of Financial Activities.

There were no outstanding charity contributions (2023: £Nil) as at 31 December 2024.

19. CAPITAL COMMITMENTS

Contracted but not provided for in the financial statements 2024
£
120,658		 2023
£
-

The commitment relates to the building contract to take the project to the next stage of development.

continued...

Page 20

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2024

20. RELATED PARTY DISCLOSURES

There were unrestricted donations from trustees of £42,160 in 2024 (2023: £18,840). There were no other related party transactions in the year ended 31 December 2024.

Page 21

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2024

INCOME AND ENDOWMENTS
Donations and legacies
Grants
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 PCC
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
Carried forward		 2024
£
20,000
47,413
4,100
55,814
12,560
139,887
28,122
5,825
1,192
706
3,500
5,398
-
179,232
21,481
597
757
29,860
36,000
765
898
5,688
30
228
96,304		 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
98,098

This page does not form part of the statutory financial statements

Page 22

THE PARISH OF CHRIST THE KING, BRADLEY STOKE

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2024

Charitable activities
Brought forward
Grants to institutions
Support costs
Finance
Bank charges
Governance costs
Examiner's remuneration for independent
examination and accounts preparation
Total resources expended
Net income/(expenditure)		 2024
£
96,304
6,986
103,290
258
2,808
106,356
72,876		 2023
£
98,098
7,110
105,208
237
2,388
107,833
(4,446)

This page does not form part of the statutory financial statements

Page 23