l Hortle,yFouiler' Digitally Signed Docum¢nt Document ID.. 8E51594DA68C50 Document Details Fileiianie: CCDS 2024 accs version 6 FINAL public.PDF C.'lit'nl Ibf.. Hartley Fowler LLP Signature Details
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Marc Doring F.lli#il: marcwdoring@gmail.eom D:Ilc Ll.-limi: 2710312025 14..22.'59 PM (GMT) IP ilddi'L'55: 2.100.80.89 Marc Doring confirnis that ihc informltion is corrcct and compl¢t¢ to the best of their knowledge and belief. .%l¥nin&i Slfjltmcnt: John Maycork F.InJil.. pcctreasurer@chri5tchurchdown3tr¢¢t.org Dale &- Tiinc: 2510312025 18:30:09 PM (GMT) IP Address: 81.99.152.130 John Maycock confirm5 that the infornvdiion is ¢0CCI and comple to the best of their knowl¢dB¢ and belief. Sl&Jnlng Slalcmcnt:
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REGISTERED CHAPITY IIUMBER: 1187524 REPORT OF THE TRusfEES AND FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 1024 FOR THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHpJsf CHiIRCH I>OWN sfREEr Hwtley Fer LLP (hartered Accountants 4th Flcrfy Ti*ti'on House 27-37 sl Georges Road 'mblEdon don S19 4EU
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF CHRIST CHURCH DOWN STRE CONTENTS OF THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Page Report ofth• Truthe• I to 5 Indedert Exaffllner'i RePt st•t•mwt ol Flrnnc5nl AcUvltlo• Balnnce Sheet Nots• to the Fln•nci•l St•tements 9 to 15
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsficAL PARISH OF CHRIST CHURCH I)OWN STrEEr REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2014 The trtee5 present their rerxjrt wlth the financial ststements of the d)arty for the year ended 31 D&emr 2024. trustees have adopted the FrriSM)ns of Accwnting and Rerting by Chanties.. Ststement of Rec(Mnrnded Pracbce applicable to tharities prèpar11 thelr COUnts in xcdan the Ananoal Reporbng StaTrJèrd applicab in the UK ark1 ReNblic of Ireland IFRS 102) (effecknve l January 2019). 08JECTIVES AND ACTivrrIES ObJe£ti¥e5 and alms We are a footprint parish established by the Churth of England Ni Septernter 2019 and rltse wlth the Cthrity Commkslon on 23 january 2020. (r Cjective is wimotiro In the ecCIaS"Cal p3rish the wlKle MIOn of the church. We aim to make kn the gocJ news of the thri5tyan larth in Lon&Jn and twd. Slgnificant attivitles In 2Q24 the full PCC rnet four tlrne5. PCC wwe grateful the th of the Saleguardlng roup tho presentgj an upjated SafeguardThJ Pdion PLin, coveriThJ SafwJuarulng PDlicies and ProdureS lor the thurd) and its mInkStS. The ActK)n pl was gned off by the PCC wlth a theck In scheduled for June 2025 a eW in March 2026. Where rdevant, there are orrfjolng dlscussions wbthln eath PCC regardSng the Churd) of raTh#s urj In Le and Fath prorK>sals. The PCC have thls as a roll9 agenda item and discuss as upjates corne out of General Synod thrJghoUt the year. process of leown1rrfj the structures of the churth and mlnistry wth Christ Church MayfaSr has •Jaln remained on hcld ov the List wr. The KC wlll consklw the right tirne to stsrt ematIonS on thls when approprfate to do so. Ffc approv8J the nrgIry ol the Pullen Bequest chwity wth the rÉgistLYed Chrlst Church Down Strect ICCDSI tharfty in order that only one Set of tharlty tMSIc repjts is required to be submti&J each year. The Treasurer will ac'c this and It will te coMeted in 2025. The Pullen Wuest wll contr'Ne to be used as a restricted fu the upkeep of the fabric of the thwth bulbjlny only. Marc Ddrfng prented the PCC w((h newly revwj GovernanTr QThmittee dKumentstion. This relates to areas of rninistry in the thurch that carry q DI lega1 iespjnsibilty and l or budget control11.e. It is not relevanr to all mSnstrle5, e.g. welcunlngl. The purpose Df the thument ks to ensu we have sU&Comm that hdp the church funLtiw wdl as an organisation, and to show the church family where thdr invdvement is ImkXNtant. The committees relevart to the day to day artie5 of the PCC are the Standlrfj Comrnthe (thi5 gTQUP keeps thlngs moving bewn PCC meetings and engJre5 uucial work and deasKJn5 can be made without delay) an(1 the lIn9 and Fabric5 Commiitee {thls group ensures the rpainter¥n and upkeep of the fatlc of the church buildlrYJ). In February 2025 the PCC met wlth Archdeattffl Le Mllr. Thls was a hdpful meetlng and the PCC we able to dIs5 areas of IMpttnce, suth as the need additsjnal Spa Chiuren's minlsby and other challenges fxed by the Churth. e0Can Miller wa5 SyThtxtheUc to the challenge5 and advw he would come back to the PCC regarding any next steps. Th2 DeanV Synod reprewtBtiv85 did nut attena w meeungs over the l and 11 nct do so In the next year unUI the Uvlng in Love and Falth ouicome5 are finalised. Publ5¢ benefit thariivs trLLStees have conyli&l wth the duty In sethon 1715) of the 2011 Owrltles Act. to have duè regard to guhlance t)Itsh by the Charity Cornmi5SK)n in relation to wbllc beneff( wlEn reVir¢j our alms pnd objectNes, and In planning our fuiure actimties.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH DOWN STRE REPORT OF THE TRusfEES FOR ThE YEARENDED 31 DECEMBER 2024 FINANCIAL REVIEW Reserves poll<y The PCC currendy has no 5vJnffjicant incorne otlw than dfvldends from the Pullen Bequest whith are restnctej to Ixjilding relat6 exFenditure. The charitable cTrnpany Christ Church Mayfair has undertaken to cover the other costs of Cthrist Church DOMI Street ICCDS) means of a grant as the tyjilding Ls essenb.al to ts ministry. If fvrther liab11.es and activitie5 devdw) ts CCDS, It 11 seek to wt in 5uffioent rwves to cover wular èxwdlbJre & reconeEd Charity CrKnmisy leveb. Hnandal position The Ststement of Flnancfal Actlvitle5 15 Set out in th15 report and shows that the totsl funds at the end of the ye¥ ware £441,098 (2023 £43B,0421. During the year d)arity pc4d a surF4us of É3.OS6 {2023 Surplus of £3,126). Imiertmert policy and obJectl¥eJ eoard of Trustee's pc4ty ts to hd a propDrknDn of funds not required for imrredwte operational expense ag lg-terrn investments. Such luTrJs are units invested in M&G Equitie5 Investrnt Fund for a)arktles Icharifund) whose hvestment policy States that at least 70Q/o of thls Fund is Invested in equity securlts and equty-rdated sÉrurrt of ts)mpanies acros5 any sectors and matket capitalisations, that are incorporated, domlbJ, listed or do rnst of their bUnesS in the United nJOrn. The Fund may a150 inv&st In other transferable SeLur1es, includlng the shores of non-UK comynies, cash arwj near ush direcdy or vla ccVe Investnwt schernes (including funds managed by M&G). srRUCTURE, GOVERNANCE AND MANAGEMENT Governing document As pari of the Churth of England, the charity 15 contrdled by the Parcthial thurth Cwndl Powers Measure (1956) as amended and 0rch Representation Ru5 that carne Into forcè On 02 Jan 1957. T1 methri and appolntment of PCC mterS Ks set at In the Church Rentat¢ Ruk5. PJI dvJitlE thurch aitendees a ertouraged to reglster on the Electwal Roll and stsnd for dectlon to the F£C. Recrultment and 4ppolntmert of new trustees A oncjidate must be norninated by eligie IndidualS teth the APCM meeb'ng. If the number of undthtes mhe5 thè number ol available Seats, a vrte be cald to decQe whether each candidate shoukj be elected. If a vote held, JI ellgltrle parlsh menters w wrticipate, trAJt eath can cffjly vote orKe for Cf 441nst each candldate. If the numw of candidates exceeds nuner ol seats, an electlon wll be hejd. el1g1b par15h MberS can vote, wlth each hang as many votcs as there are seats to be filled, but no more ihan one vrtè Fer candidate. Votes can k cast sther by a show of hands or cffl a slgned par if requested. In case Df a e, the predIng officer wll thlde the Jjtcorne ty drnwlrrfJ1ot& OryanlMtlon•l strurtum The PCC consts ¢f the Iumtent, Churchwardens, Tw9Jrer, membws of the Deanery and members deLted ty thD5e memters or congregauon who are on the elEftoral roll of the thurch. The TNsLees at $t fixjr tirnes a year to revlew a51 aspects of the charitable companvs 1v5, knduding finances. The nnUal Parcchial Church Mts'ng and Annual Meeting of Parishioners (to elett churchwardensl as required by the Churth Representstion Rules part 9 took place on 29 N)rll 2024 Iwithln tkE PErvJ ol l Jan- 31 May SPEofied by the rule5). J(%inne Duckedno acts as ex offlcao Pfc SKretary and attends meebng5. M&6ngs a usually dwired Lry the VKar, Natt FLAkn. Phll AllcocK Aswuate VKar, also aitends rneeting5. The 'mary reSp)nt411ty of the PCC at the rnornert is the upkeep and gcoj ¢yder of the church buildlng. To facllltate ts worK the PCC Dprs through a number cl commlttee5, whith meet betsyeen fvll mÈerirys of the PCC The Standing Qwnmittee is r4uired by law. It has the rth¥er to transacr tyJsne5s of the c meetings to fath15tste Its Wcfk, subject to any direction5 given by the Counol. It is composed of the IrtumbenL the Awlate Minister. the ChUrChward$, the Treasurer and the Dir*or of Ortrations aThJ Devdowent. It met seven time5 duri the year.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF CHRIST CHURCH DOWN STRE REPORT OF THE TRUWEES FOR ThE YEAR EMDED 31 DECEMBER 2024 srRUCTURI GOVERNANCE AND MANAGEMENT InductioD trainlng of new trusttts The managEment of the charity is the 5JnbS11ty of the Trustees are dected at the Annual Parcthial Churth Meeting vA)Ich r#ymally tskes Pl in Apyll. Having now be in Sten fcf five years, the PCC b now In a normal TotatK of membe (origlnal meer5 zgreed to se for 1. 2 or 3 year temis to intrOU turr¥Jver eJEh yw, avoiding a sltiJatKm where all stsnd down at ce). trustees read and sbn the HMRC Fit and Proper Petsons tckiration and the PCC Memir Trustee Eligibllty Dedaration. TW also conykts Church of England ea5ic Safeguarding and FoUrxIaJ rnr¥Jule5 online. They are dso asked to read the Church of Enand document.. Trusteeship, an IntroductK for PCC fflemk. (Jwrch is used by the a)uich Mayfair {C(Nl ch¥ltat4e company for SdaY services and otr Christian adi¥AJes aTrJ In the 2024 flnancial year it covered the costs of the mlnistry. Directors Elde of CCN have undetsken to continue ts) cover vant costs, The Pu1kn Be(west Ichanty nurTr 274893) Is a legèty whlch may only be SFent on the fabrfc of Chrlst Ctrurch C>)wn StspeL The PCC has control over the use ths bequest and Its meners are Trustees. Rljk m•n•gement An iThwrance pollcy Ls in place to cover rn8r r15k5 idenfi&l by the tntstees In ardS to the thurth bulkling. Mintstry aCtle5 are covered by the rlsk regr ol Chri Churth Mayfair which CalS its own insurance and conducts rts own rlsk assessments. Christ Church Mayfoir Is also the currert employEr ol the MarItY of church staff. A qulNuennbl of the thurch building 15 out at the Churth of Ensland's behest whlth IdlieS malntenarte and upkeep that is neEded.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsficAL PARISH OF CHRIST CHURCH I)OWN sfREEr REPORT OF THE TrusfEES FOR THE YEAR ENDED 310ECEMBER 2024 REFERENCE AND ADMINISTRATIVE DEfAILS 1187524 Prindpal addre Church Office Chnst Church DDwn Str&t Mayfair WIJ 7AN Truthej Incumbent Jnd Ch•lr Revd Matt Fuller Joanne Ducker4ng Churchw•rdens Marc Doring (Churthwarden re-dected 2024; also on Deanery Synoj) CarTle (kny Ire4ected 2024) El•ct•d membern olthe PCC Su Kit IreleLted 20??) Torn Dker1 (re-Eted 2022,. aLw on De?ery Syncdl Dave Dye (retted 20241 Kdy Henry (elected 2022,. also 8ectoral Rok Officwl Ajex Lucas Ited 2023) Sarah Ma9)n (-elerted 2023) John MaYk Cfieasurerl (elected 20221 Reca Yap Ire.elected 2022) Emlly Short (dected 20221 Jess Yu Icofvted June 2024) CamilFa Wodlatt Idected 2022) Jalon Qulnn lelected 20231 zzie Hampshire Idected 20241 Anna Gcodden lelacted 2024) eecca SYM {elect& 2024) KaJe Juckes (resigned January 2Q24) Fred Richard5 (rerned January 2024) Tiffary T1 (resigned July 2024) William Woodrwfe (rgr1 Awil 2024) Chris Melring lelectej 2024, deSl August 20241 Deantry Synod JNathan Lange Idect8J 2023) ye Wthbe Idthj 20231 Additional nonThvoliThJ mombe Revd Phil Allmck (Awoate Vicar) Sam stePn5 (Student Minister) Hugh Gittins (Directy of CCMI Roxana stanc IDirKtor of001 and Devdopyrtht) * Churthwdrdg)s, and mterS of the CÈanay Symd autonKalIY tecome non-ekn&1 members of the Paruthkil Church GTlI fDr the period of thdr tenure of th Wsition. The Minister and Ftc SKretsry are irtlud8J by Mrtue of Ulr [K)tion t are not eleitrd members of the Ffc
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF CHRIST CHURCH DOWN STREET REPORT OF THE TRUSTEES FOR The YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADM11415TRATIVE DAlls independent Examlner Hartley Fowler LLP Chartered Accountsnts 4th Roor Tb.on House 27-37 St Ge(ge'S Roè Wirnbleik LondDn SW19 4EU Bankws CAF Bank Ltd 25 Kings Hlll Avenue Kings Hll, West Mallhgi t ME19 4JQ STATEMENT OFTRUSTeES' RESPONSIBILMES The tnjstres are re5F(JnsltAe for preparfng the Rewrt of the Trustee5 and tl financval staterrwls In accordaKe wth awlcatle w and Urted "ng(M Accountsng Stsndarts (uni Klngjom Genernlly P£cWd Accwnting Prackn). The law applicable to charities In England and Was, the Charfties Act 2011, Charty (Accounts Reports) Regukations 2008 and Y)e prov15 of the trust thed r4ulres the trustees to prepare Anè1 Staterrnts fry each financK41 yeor which glve a trJe and fair vw of the stste of affairs of the tharity and of the inwming resou$ and apF4icatlon of resour, Including the income and e¥FeThaiture, of the charty for that Feriod. In preparlng those finaKbl sthtamts, the trustee5 are reqUId to select sultaÈ4e accounting pollcles and then appty them Cstendy,. cb5erve the meth(th and prlndples in the Charity SORP,. make judwents and estimate5 that arè reasonable and prudent., epore the flnandal statsnnts on the goirfj concem baS unkn k 15 bnaFPate to presume that the tharfty wlll COThe jness. The trustee5 are resp)nslble fcfj keeplr4J pyoper xcountlng records which dose wth reaKratAè ac0JrY al any trne the flnanclal tx15 of the charity and to enae them to ensure that the finanoal state[ts compty th the Charttles Act 2011, thè Charty (Accounts ond Reports) RegULaty0 2008 and the pro$)n5 ol the trust de*. They are also resne f safeguardlr¥J the assets ol the charity and he for taking rea50natAe Steps fcx the prevenbon deted¢J) of fraud and other rregulanties. Appred by ordw olthe tnard of trustees on 26 Wrch 2025 and sign&J on by.. M OorlThJ- T
INDEPENDENT EXAMINER'S REPORT TO THE TRusfEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH DOWN STREEr Independent examiner's report to the trust•es of The Parnthlal Chuvch Council of th? Ecclegla5tiul Parfih of thrf5t Chur¢h Down Street I retxjrt to charity trustees on my eX2minaOn of the a(tounts of The Parochral Clwrth Cwncl of the E¢deskastTcal Parish cl Chrtst Churth Street (the Ttust) for the year ended 31 December 2024. Responsibilltle5 Jnd of report As the charity trust of the Trust yw we resF)nstJle for the preparati of the acUnts In accordance wth the requ5rents of the Chantyes Act 20111.the Ace). I rem re$tt of my examination of the Trust¥ accounts carried under Stttion 145 of the kt and in caryng out my exarnlnation I have Idbwed all appIrab reCts0r6 gwen by the Charty Commssion unLkr 14515)(bl of kt. Indepwmlent examlnerfs statem•nt I have compkted my examlnatson. I confim thot no material mattus hwe come to my attefton In (Cneth.0n the exanrnation gin0 me cause to belle4e that In any materk31 rewt: counting records We not kept In re¥t of the Tru as r8]ulwJ by 5tIon 130 of the Act; or the accounts do not accord with those remrds- or the ounts do not comply with the applicabk r8]ulrnents Conrning the fcmi and content of accounts set out In the ChatieS (Accounts and RerK>rt%l Regubtions 2tM)8 other than any re]ulrement that the accounts gSve a and falr ew vthith is not a mter considered as part of an Independent examlnatirn. I have no cTh)cems and have C xross Th) otr rnattets In connertlon wlth t exaffllna to which attention shoulj be drawn In port In order to enab a prcyer underandlro of the accwrts to be reathed. Jona Hartjey Fther LLP artered ACCntsnts 4th FlIL>r Tuitkn House 27-37 St Gecrye'5 Road 'mbledon London SW19 4EU 27 March 2025
THE PAROCHIAL CHVRCH COUNCIL OF THE ECCLESIASTICAL PAIUSH OF CHRIST CHURCH DOWN STREEr srATEMENT OF FINANCIAL AcfIvmES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Totsl funds 2023 Trtal funds unr7CteO fund Restiicted fuTr INCOME AND EMDOWMENTS FROM Ck)nats"ons and legaaes 59,475 59,475 38,736 Chirftsble a¢thltl•% Church acti¥Aties 2.4T2 2,472 3,110 Irwe5trnent Inco 149 23,630 23,779 22,561 T(tsl 62,(YJ6 23,630 85,726 64,407 EXPENDITVRE ON Ch•rltrble •rtlvStl Church actiMts 31,881 28,582 6D,463 46,650 Other 32,029 32,029 5,565 Tot•1 63,910 28,582 92,492 52,215 NET INCOMEI(EXPENDrruRE) Other recollnlsed 0•11(10%8) Gains1{losse5) on revaluation of fvoj as5eLS (1,814) {4,9521 {6,766) 12,192 9,822 9,622 (9,066) N•t mo¥eThnt In fvnd• {1,814) 4,870 3,OS6 3,126 RECONCILIATION OF PJNDS Totsl funds brought forward 712 437,330 438,042 434,916 TOTAL FUNDS CARRIED FORWARD 11,1021 442,200 441,098 438.Q42 The note5 form rAJrt d these flDa1 4)ternents
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH DOWN sfREEr BALANCE SHEEr 31 DECEMBER 2024 2024 Total funds 2023 Tctsl Unre5tricred fvnd R(ted fuTrJ FIXED ASSET5 Invments io 386,593 386.593 376,771 CURRENT ASSETS Debtors Cth at bank 3.042 70,993 20,954 55,607 76,561 20,954 55,fl]7 76,561 74,035 CREDXTORS Amounts falling due within one 12 (22,0561 (22,056) 112,7641 NEf CURRENT ASSETSI(UABILrriES) (1,1021 55,607 54.505 61,271 TOTAL ASSETS LESS CURREMT UA8IUTies (1,102) 442.200 441,098 438,042 11.102) 442,200 441,098 438,042 FUNDS Unst¢ed funds Refftd funds 13 (1,102) 442,200 712 437,330 TOTAL FUNDS 441,098 438,042 flnIal statnts wtre approved by tke Board ol Trustees and authori5 for issue 26 March 2025 and were sbjned c Its behalf .. J Maycc(k. Tru*ee The rotes form part of these finantaal slatenwnts
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIPSTICAL PAIUSH OF CHRI CHURCH DOWN STrEET NOTES TO THE FINANCIAL STATEMErirs FOR THE YEAR ENDED 31 DECEMBER 2024 GENERAL INFORMATION charity is a UK-based charitat4e trust. The address of ts reglstered office is The Churth office, Chrtrt Church, Drmn Stre4 Mayfalr, LoTrJon, WIJ 7AN. The regitsaj Nmber of the charity is 1187524. finanaal Infomiatsm presenbj is for the endeil 31 tmter 2024. The finwoal infOmwtn is pnted in sterlin9. ACCOUNTING POUCIES Basls of preparlng the financlal statement• Tse finala1 statements have be prepared In accordan th the Chartes SORP {FRS 102) Accountlng and Repcxting by tharib"es'. Statement of Recommended Practi app1kab to chantie5 preparing thar accounts In aCCordae with the Flnancial Rep)rtlng Standard applkable In the UK and RetI of IlaThj (FRS 102) (effect I January 20191, the Flrkinfjol Repotty"ThJ Standard aFFI1cab In the UK and Re1C of Ireland (FRS 102) and the Chartes Att 2011. flnanciJl stslements hbve be prepad to glve o 'true and falr, vW and have departed frorn the (Accc¥Jnt5 ancj RepDrts} Regutstions 2008 (lY to the extent required to provide a Irue and lairf view. This departu has volved folbw"ThJ the chant SORP (FRS 1021 (second edCffjI putA$hj In CttoÈer 2019 rather than the AcccMJnb"ng and Reportlng by ChartUes'. StatwrEnt of Recwmended Practke effective from l April 2005 which has 9n b thdrawr. Chèrity meets the definf(ion of a putAic nefIt enb.ty under FRS 102. Assets and liabiiives are Inltlalty reroJn15ea at htstorlcal cost or transactlon value unltss OtheThSe ststed In the relevant aCcn'n9 pdlry. corne I Inccffje Is recowed in the Statement of Finanaal Actiwtie5 onTr the tharity has enbtlement to the fund5, It atle that the inojme wlll be recdved and the arnount can be rneèsureil lIably. InVestllrt Income comprtses dIdendS recdved from the M&G tharffund In flxed asset Invesbnènts. Grants are recognL5ed where thè charty has entlernent to the fuS, any performance Cond(S attached to thè grants have been met, It is probable that the income 11 be received and the am(yJnt can be reliably measuraj. Legacle5 are recwnlsed on the earfier of the da when amoJnts are rec4ved or %then the chorty has teen nc1fd of the executor's IntentKn to make a distrIbuan. Interest reTrived is accounted for when recwvable. Expendlture Llabilities a rercwi5ed as expen(Jiture as SC•Jn as there is a gaI or construthve obligation committing the charity to that expwdlture, it Ls probable that a transler of ffonomt benefits will te rwuired in sdUemt and the amount ol the ot4igation can rneasured relsably. Expenditure is accounted lor on an xcruals basis and has beLY) classlfied uTrler headings that aggrgjate all cost related to the category. Whwe cos wnot be dirtty attn'buted to parb.cukr heading5 they have allocat to aLtiwtieg L¥) a basis ccStent with the e of rescurw. •r5t4ble •rtivlti¢J Chantsbk e¥kndlture comprise5 th co*s incurred by the charity li the delNery uf its activities and sermces for its tenefLiarles. It includes both direLt cost5 aThl te costs of an indirect natuie neSSary to support them. GovThnce costs only (nclLkle the th3nWs iTh1yndert examlnatbn fee. Taxation The charity is exernpt from tsx on its Chrtable xtivitie5. Fund accounting Unrestricted funds can used In accordarKe hwth the dwrltsNe oblecbves at the dimtion of the truthes.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLE51ASTICAL PAIUSH OF CHRIST CHURCH DOWN STREEr NOTES TO THE FIIIANCIAL STATEMErirs- contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 AccouffflNG POLICIES- continued Fund accounling fvnds can only be us& for rticur restrtt&J wrposes 1th1 the objects of charity. Restrktlons arise when wlfied ty the doNY or then fUS are raised for particular r&trftted purpc6es. Jrther exanatbft of the nature aTrJ purEr6e of each fund Is Sncluded in the Tr)te5 to the finandal 5tatefflts. Flxed asset investments are unots hdd In M&G Equib'es InvesDnent Bjnd for CharfDe5 (tharffvrél. The flx8J a55et investments are include<l In the staternent of financial posthon at thr falr value. Fak value Is deffin as quoted sxitts in acth markets for Identkal assets cr liabilits'e5. Galns and h)sse5 on Inve5trnents assets held at the year end are ¢Jnrealised and a as other galnslc65e5 in the ststement of Flnanclal Actiwues. Calh at bank Cash at bank knthJde5 b3nk dekxjsit accounts and shrrt twm hvjhly Ilqukj knvestrnents a shcrt rnaturfty of thoe rmnths or IESS from the date of wui%tion or cpIr of the depa[ or slmllar acttwnt. Trade and otlw debtss a recwnlsed at the 5dUement amount due. PrepayThEnts èrÈ recojnlsed at the nycla cost Frfepaid. rA•dlto Cxeditors are rfied when the charty has a wesent obligatim resulUrvJ ftcffl a yst Iht b%lll prcI)aY result In the transfer of funds to a third paty and the arnount due to settle the ot4igats.on can be mea9Jr&l or estlmated relLItrty. Creditors are ntyrnalty recogn at the setuernent Inwlrnient Assets measvral at falr value are red for any IndaOn that the &t may be Impalred at eath balants sheet date. If suth Indicatlon exists, the recoverable armunt of the asset, or the asset's cash gewaung unK Is estimated and compared to the carylng amount. Where the c¥rying arnount exceeds ts r£r0Vera4e amount, an impaimient l)s5 Is recognLsed in Fyofit or loss unless the asset L5 carr * a revalued amount where the Impa*ment hjss & a revaluatknn decrease. I14VmErlNCOME 2024 2023 Investment InCTre Interest refvable- trading 23,630 149 22,449 112 23.779 22,561 Irivestment Inccrne comprises ¢Jfvidends recdved frorn the M&G Charifvnd holdlng in fL¥ed asset invethents. -iO-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH DOWN STREEr NOTES TO THE FINANCIAL STATEMENTS- contiNed FOR THE YEAR ENDED 31 DECEMBER 2024 threct Costs (see nrte Sl Support costs (see nDte 6) Tots15 Churth aLtMtiES 51,261 9,202 DIRECT COSTS OF CHARThABLE ACTIVITZES 2024 2023 Light and Intemet Repair5 we15 aean Catering arKI deanlng gjpplies 7,639 3,682 28,535 5,199 6,206 4,145 3,551 7,145 6,180 5,228 51,261 26,249 Govemance nan T¢)tsls re1 exFended Churth athvib'e5 32,029 5,838 32,029 9,202 1.324 37,867 1,324 41,231 Governance costs Inr1 vlthln gJPPOrt CC6ts Indude.. 2024 2023 LTh1eFendent examlrtevs fee (excludlng VAn [edent examlnels fee for non-Indedffit exam wck 950 1,090 900 900 2,040 1,800 TRUSTEES, REMUNERATION AND BENEFITS re were no ttst, remuwauon or otr benefits fL the year 31 Bernb 2024 nLY for the year 31 f*cffnber 2023. There were no tNrtees' eMFenses pahd for the year w(led 31 DecembeT 2024 nor for the yw endga 31 December 2023. -iL-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIAsficAL PAIUSH OF CHRIST CHURCH DOWN REEr NOTES TO THE FINANCIAL sfATEMErirs. continued FOR ThE YEAR ENDED 31 DECEMBER 2014 STAFF COSTS Ttrore re no staff tosts In the perKJd. COMPARATIVES FOR THE STATEME1 OF FINAIKIAL ACllVITIES Unrestricted Resirlrted fuTrJ fund Tots1 fuTrJs INCOME AND ENDOWME14TS FROM LSJnatK)n5 and legac5 38,TJ6 38,736 (Jurth 3,110 3,110 Investmt Income 112 22,449 22,561 Tot•1 41,956 22,449 64,407 EXPENDrnIRE ON CharStablq Jctl¥ltl a)urth Jctmties 41,186 46,650 Cxh 5,505 S,565 Totsl 41,246 10,969 52,215 NEf INCOME other rectwnimd g•lMI{loMM) Galnsl{lossesl revaluatlon of fixed assets 712 11,4 12,192 {9,066) (9,066) Plet mo¥emont In lund% 712 2,414 3,126 RECONCIUATIOM OF FUNDS Tctsl funds tyought forward 434,916 434,916 TOTAL AINDS CARRIED FORWARD 712 437,330 438,Q42 io. FIXED ASSEf INVEMENTs veStmts MARKET VALUE At l January 2024 Revaluèttfis 376,771 9,822 At 31 Decernter 2024 386,593 NET BOOKVALUE At 31 DÈrnber 2024 386,593 At 31 L)etrmbLY 2023 376,771 Tr*re were no investsnent assets outryde the UK. -Iz-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH DOWN STRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2024 10. FIXED ASSET INVESNEMTS. clwrtinued C051 LY valuatirm at 31 Oecember 2024 is repyesented by: Usted Investments Valuats" in 2020 Valuation In 2021 Valuab.c In 2022 Valuatkn In 2023 Valuatkn in 2024 360,382 48,215 122.7601 {9,066) 9,822 386,593 a55et knvestments are units held In M&G Equlues Investmwt Furd for Cthritie5 ltharlfund). The a5*t lnVethts are included In the statement of flnanckal p)&b'on at their fair value. ii. DEBTORS: AMOUNTS FALLIMG I>UE wmiiN OPIE YEAR 2024 2023 Prqjayments and accruoj InEome 3,042 12. CREDTfoRS: AMOUNTS FALUNG DUE WITHIII ONE YEAR 2024 2023 Crther ueditNs 22,056 12,764 13. MOVEMENT IN FUNDS Net movement In fijnds At 111124 3111¥24 UnreBtrfLtsI fun Genernl fund 712 11,8141 11,102) Re&trlcted fundi F4Jllen Becwest 437,330 4,870 442,21XI TOTAL FUNDS 438,042 3,D 441,098 -13-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH DOWN STREEr NOTES TO THE FIfiANCfAL STATEMErirs- ¢ontlnued FOR THE YEAR ENDED 31 DECEMBER 2024 13. MoveMENT IN FUNDS- continued Net rn¢)vnt in funds, ilUd In the ab)ve are as fo11¢y.. IornIng Galns and exFended funds Unrestrlcted fund$ Genwal fund 62,096 (63,910) 11,8141 Re•trlctad fundi Pullen Bequest 128,582) 9,822 4,870 TOTAL FUND5 85,726 192,4921 9,822 3.056 mp•r•tl¥w ts Mment In fundi nw)vernent in fund5 At 31112123 At 111123 UnrelLW lund8 Gener fund 712 712 Restrfcted fund# Pulkn Bequest 434,916 2,414 437,330 TOTAL FUMDS 434,916 3,126 438,042 C(mparatlve net movement in fund Included In the above are as follows.. IrKomlng resources Rex)uices expentsd Galns and losses Novemwt In funds Unr¢strfcted fun General fund 41,958 141,2461 712 Pullffl Bequest 2Z,449 {10,%91 19,0661 2.414 TOTAL FUNDS 64,407 {52,215) (9,D66) 3,126 R•strl+*ed Fundj Fijllen Bequest . This rethcted funL1 rosents a legary recaved to use fc< the fabric maintenarte of the churth tNJi1dln9.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH DOWN STREEr NOTES TO THE FINANCIAL STATEMENTS- contlmRd FOR The YEAR ENDED 31 DECEMBER 2024 RELATED PARTY DISCLOSURES weTe no Tdated party transaction5 lor the yw eTrJed 31 tknmter 2024. -15-