**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:
- Worship and prayer: learning about the Gospel, and developing their knowledge and trust in Jesus.
- Provision of pastoral care for people living in the parish.
- Mission and outreach work.
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:
- An Alpha course, run from January to April.
- Jointly running a refreshments stall at the Bradley Stoke festival alongside 3 other churches.
- Engagement in the community Remembrance Sunday event at the Willow Brook Centre.
- Running the "Talking Jesus" course between Easter and the Summer holiday.
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)**
- Jointly participating in 'The Romans Course' (Bible Society) with Holy Trinity Church in late 2024.
- The community carol service in the Willow Brook Centre (in partnership with 3 other churches).
- The Benefice Week of Prayer.
- The Christmas fayre, supporting the work of inHope.
- Our Christmas services.
- The ongoing work of our Friday coffee mornings and engaging with the community through use of our building.
- Regular support of local food banks.
- Providing a welcome as a community warm space.
- Mission giving, in support of a range of charities whose values are in keeping with our own.
- Our weekly youth (ITCH) and children's (Trailblazers) groups, which are open to the entire community.
## **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