Charlty number: 253387
CHRIST CHURCH LANDS CHARITY
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

CHRIST CHURCH LANDS CHARrrY
CONTENTS
Page
R•forenc• and Admlnlstrntlve Deta115 of the Charfty, Its TnMteo$ and Advlsgr8
Tru•teos' Roport
Independent Examln•fs Report
statemonl ol Flnanclal A¢tlvltie5
Balance Shggt
Note$ to the Flnancial Slat•ments
9-20

CHRIST CHURCH LANDS CHARITY
REFERENCE AND ADMINISTRATNE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Truste
Mr J D R Price, Churchwarden1
Mr R C Metcalfe, Churchwardenl
Mr A Griffiths2
Mr M Bracey2
Prof J R Kerridge, chai￿￿8￿2
Mr R Hobbs3
Mr F Payne3
Ex-OffiGio
Nomin?ted Trustse$
Cowopted Trustees
Charfty reg18tsred
numb•r
253387
Princlpal offlce
1 All Saints Court
Bristol
BS1 IJN
Cbrk to lh• Trustegs
Mr D Davies
Independent Examlnor Jonathan Marchant, Forvis Mazar8 LLP
Chartered Accountants
go Victoria Street
Bristol
BS1 6DP
Bank918
Natwest Bank PIC
32 Com Street
Bristol
BS99 7UG
8olicltorn
Richard Gore
Gregg Latchams Ltd
7 Queen Squar8
Bristol
BS14JE
Stockbrokers
Investec Wealth & Investment Limited 2
Gresham Street
London
EC2V 7QN
Prop•rty Advi$•rs
Burgton Cook Associat8S
Lewins House
Lewins Mead
BTiStol
BS212NN
Page 1

CHRIST CHURCH LANDS CHARrrY
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Truste8s present their annual report together with the financial statements of Christ Church Lands Charity
for the year 1 January 2024 to 31 December 2024. The Trustèes confimi that the Annual Report and financial
statements of the Charity ¢omply with the current statutory requI￿rnents, the requirements of the Charivs
governing document and the provisions of the Statement of Recommended Practice ISORPI, applicable to
eharit18s preparing their accounts in accordance with the Financial Reporbng Standard appllcable in the UK an
RepublK of Ireland (FRS 102}.
Objo¢tivo$ and activiti
a. Pollci05 and objecllvos
The objects of the Charity are..
Firstly to support persons in the parish in need, hardship or dlstress and to support the Christ Church Exhibition
Fund 13251241. The charity aims to providè help to transient persons living in the pansh through provision of
fo¢xl, clothing etc. via the Community of the Sisters of the Church.
Secondty to support Ihe parish of Christ Church in the City of Bristol by paying towards the stipend of the Curale
and Ineumbent of the benefice, by paying Glergy or licensed lay workers to conduct services in the parish. for
other religious or charitable work of the Chureh of Eng12nd in the parish or the Archdeaconry of Bristol. The
¢harity aims to support the clergy as$ociat&J with the parish in the provision of regular worship at Christ Church.
Thirdty, for the repair, maintenance and insurance of the fabri¢ of Christ Church. The charity aims to ensure that
funds are available to the Parochial ChurGh Council.
The TNstee8' main objecthe for 2024 was to look after the propety and investmenis in the light of the purposes
for which the Trust was established. The Trustses are confident that the insurance ¢over on the properties is
sufficienL The Trustees have ￿ntInued lo consider the market value of the properties and have performed a full
revaluation In the year ended 31 De￿rnber 2024.
In setting obj￿tNeS and planning for activities, the Truste8$ have given due consideration to general guidance
published by the Charity Commission ￿lating to public benefit, including the guidance 'Public tenefiL running a
charity {PB21'.
Achlevomonts and porfo￿•n¢O
a. Revlow of actlvlti
The Trustees, main aim this year was to continue to make decisions placed before them based on their
familiarity with the properb"e5 and investments. A proFerty sub-committee meets regularly to assist with this.
b. Invoslmonl policy and p•rfornun¢•
The investments held at the end of the year are as set out in the attached accounts.
The funds aim at steady income and capitsl appreciation to provide long-tem protection from inflation. These
objects are reviewgd annually with th8 stockbrokers.
Page 2

CHRIST CHURCH LANDS CHARITY
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Flnanclal rnvlew
a. Flnanclal rnvl
Totsl income for the year amounted to £168,606 12023.. £155,492} and totsl expenditure amounted to
£194,735 (2023.. £131,230) leaving a net loss, before revaluations and investment gains, of £26,129 12023..
surplu8 of £24.262). Investment gains amounted to £314,77012023.' gains of £59,563}.
b. Rosorv•$ poll¢y
The Trustees are making an annual provision for the Church Fabric and for the repair5 to propertiOS.
Total funds amounted to £3,033,897 12023.. £2.745,2561 of which £2,501,536 12023.. £2,186,766} related
to end¢)wment funds, £532,361 12023.. £558,490) relatsd to restrfcled fvnds and £Nil (2023. £Nill related to
the unrestricted and propety repair funds.
c. Golng COn￿rn
After making appropriate 8nquiries, the trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable Mlure. For this reason they continue to adopt
the going ¢on¢em basis in preparing the financial statements. Further details regarding the adoption of the going
con￿rn basis bo found in the Accounting Policies.
Structur8J govemance and manag•m8nt
a. Con8titutlon
Christ Church Lands Charity is a regist8red charity, number 253387, and is constituted under a Trust deed.
b. Mgthod8 of appointment or oloctlon of Tw8ts6s
The Tnjstees of the Charity are app)inted in ac￿rdance wrth the Charity Commission Scheme dated 15
September 2005 under Charity number 253387.
c. 0rganl8atlonal slructurn and do¢18lonwmaklng pollcle8
The Trustees have SU￿[viSed the admini8tratlon of the Charity in accordance with the provisions of the Charty
Commission Scheme, and applied the income in accordance with those provisions. In setting objectNes and
planning for actNits'es, the Trustees have given due consideration to genèral guid2nc8 published by the Charity
Commission relab'ng to public benefit, including the guidan¢e 'Public benefit.. njnning a Charity {PB2}'.
The Trustees, Investment policy objectfves are to obtain th& maximum income by investing prudentty and
¢auliousty in a portrolio comprised of real propety. equities. fixed income stock and ￿Sh. The portfolio is
managed on a discretlonary basis by the appointed stockbroker¥ and professionally qualified property manager¥.
The Trustees continue to retsin the freehold property which originalty fomied part of the endowm8nt where the
net income (after costs of maintaining the property) justifies their retention.
All decisions are made at full Tru$te85' meetings and carried oul on a day to day basis by the Clerk.
Page 3

CHRIST CHURCH LANDS CHARTrY
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure. govornanca and management Icontinuedl
d. Financial risk management
The Trustees have examined the major strategic operational risk8 which the Charity may face an¢J will ensure
that, to the exienl that they do not already exist, systems are established to enable regular reports to be
prtxlu¢ed so that the necessary steps can be taken to minimise these risks.
Plans for future perlods
The Truslee8' aims for the futurg are lo continue to keep the prDperttes fully let and in a state of good repair, and
are fully committed to ensuring that the provision$ of the Charity Commission Scheme of the 15 September 2005
continua lo be fulty met.
Statement of Trust8es' re$ponsibiliti¢s
Thé Trusloe$ are r8sponsible for preparing the Trustees. Report and the financial ¥t8lement$ in accordance with
applicable law and United Kingdom A¢¢ounting Standard5 {Uniled Kingdom GeneralW Accepted Accounting
Praclicel.
The law applicable lo charities in England & Wales requires the Trustees lo prepare financial statements for
each financial which give a true and fair view of the stsle cf affairs of the Charity and of rts incoming resources
and application of resource$. including ils income and exFenditure, for that period. In preparing these financial
statéments, thè Trustees are required lo..
select suitable accounting policies and then appty them consistently.,
observe the methods and principles of the Charities SORP (FRS 102}.'
make judgments and accounting estimates that are reasonable and prudent.,
stste whether applicable UK Accounting Standard3 IFRS 1021 have been followed. subject to any material
departures disclosed and explained in the financi91 statements.,
prepare the f1nancial stalemenl$ on Ihe going concern basis unless rt is inappropriate to presume that the
Charity wll continue in business.
The Trustees are responsible for keepin9 adequate accounting r8eords that ar8 Suffic￿nt to show and explain
the Charity's transactions and disclos8 wf(h reasonable a¢¢ura¢y 81 any time the finan¢HI position of the Charity
and enable them to ensure that the financial slalements comply wf(h the Charities Aet 2Q11, the Charty
{Accounls and Rgportsl Regulations 2008 and th& provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for tsking reas¢Y)able steps for the prevention and detection of
fraud and other irwularities.
Approved by order of the members of the board of TN8lees and signed on their behalf by".
J. K. K(nrtiO(<
Date.. 7 LL qyi loTrS
Pago 4

CHRIST CHURCH LANDS CHARITY
INDEPENDENT EXAMINER'S REPORT
FOR THEYEAR ENDED 31 DECEMBER 2024
Independont Examlnerfs Report to tho Trusteos of Christ Church Land• Charlty {'th• Charlty.)
I report to the charity Trustees oll my examination of the accounts of the Charity for the year ended 31
Decembef 2024.
Re¥pectlYe re8pon6lbllltlos of trusto9s and axamln8r
The charity's trustaes are ￿SpOnSible for the preparation of the financial statements. The charity's truslees
consider that an audit is not requirgd for this year under section 144121 of the Charib'es Act 2011 (the 2011 Acti
and Ihal an ind8pend8nt examinotson is needed.
It 1$ my rosponsibility to..
- examine the finanaal statements under section 145 of the 2011 Act
- follow the procedures laid down in the general Directions given by the Charity Commission under section 145{5)
(bl of the 2011 Act.. and
- state whether particular matters have come to my attention.
Thls report, including my statement. has been prepared for and only for the ¢harity'$ trustees as a body. My Wofk
has been undertaken so that I might stste to the charity's trustees those matters l am required to state to them in
an indep8ndent examiners report and for no other purpose. To the fvllesl extent pomiitted by law, I do not accept
or assume responsibility to anyone tslher than the charity and the charity's trustees as a body for My examination
worK for this report. or for the statements I havo made.
Ba$1$ of Indèp•ndgnt examlnerfs rnport
My examination was carried out in accordan¢e with the genéral Directions given by the Charity Commission. An
examination includes a revlew of the a￿oUntIng records kept by the charity and a comparison of the financial
ststernents presented with those records. It also indudes ¢onsideralion of any unusual items or disclosures in the
financial statements, and seeking explanab.ons from you as trustees conorning any such matters. The
procedure5 undertaken do not provlde all the evidence th81 would be required in an audit and consequenlly no
opinion is given as to whether the financial statem8nts present a 'true and fair view and the report is Ilmited to
those matters set out irk the statement below.
IndopondBnt examlnorf• stst•mgnt
In connection with my examinatlon, which is ¢omplete. no matters have come to ry attention which give me
reasonable ￿use to believe that in any material re$pect'.
accourbting records We￿ not kept in respect of Christ Church Lands Chartty as required by secbon 130 of
the 2011 Act,. or
the accounts do not accord bwth Ihos8 records; or
the accounts do not comply with the applicable requirements concerning the fom and content of
accounts set out in the charib.es {Accounts and Reports) Regulats"ons 21)08 other than any requirement
that the accounts gwe a 'true and fair view which is not a matter Mnsidered as part of an indépendent
8xamination.
Page 5

CHRIST CHURCH LANDS CHARI
INDEPENDENT EXAMINER'S REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
I have no conc8m$ and have com& across no other matters in ennnection with the examination to which
attention should be dfawn in this report in order to enable a proper understsnding of the accounts to be reached.
Si9ned'.
Dated..
Jonathan Marthant FCA
Forvis Mazars LLP
90 Victoria Street
Bristol
BS16DP
Page 6

CHRIST CHURCH LANDS CHARITY
STATEklENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestrlcted
fund8
2024
Restrict￿ Endowment
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income and
ondowments from:
Investments
151.545
17,061
168,606
155.492
Total Income and
•ndowmgnts
151,$45
17,061
168,606
155.492
Ex￿ndItUre on:
Raising fvnds
Direct charitable
expenditure
Governance costs
Total ex￿ndIt￿rg
137.718
137,718
43.190
79, 788
37,748
43,190
13,827
151,545
13,827
194,735
13,694
131.230
43,190
Not
qexpondlturoVIDcorn•
before net gain$ on
Invgstm•nts
Net gains on
Investments
126,1291
(26,129)
24,262
314,770
314,770
59.563
Not movement In
funds
126.129)
314,770
288.641
83,825
Reconclliation of
fund$:
Total fvnds brought
fO￿ard
Nel movement Sn fvnds
558A90
(26,1291
2,186,766
314770
2,745,256
288,641
2,661,431
83,825
Total funds carri
forward
532,361
2,501,536
3,033,897
2,745.256
The Statement of Finan¢ial Activiti9$ includes all gains and losses recognised In the year.
The notes on pages 9 to 20 fomi part of Ihese financial statements.
Page 7

CHRIST CHURCH LANDS CHARITY
BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Fix9d ass•ts
Investments
Investment property
10
1.305.736
1,526.000
1.206,957
1,292.321
2.830.736
2,499,272
Current assets
Debtors
Cash at bank and in hand
11
59.038
172.748
63,535
208,208
231,786
271, 743
Creditors.. amounts falling due within one
12
128.6251
(25, 759)
Net current assets
203,161
245984
Total assets less current Ilabllltlgs
3.033,897
2, 745.256
Totsl nat assets
3,033.897
2, 745,256
Charity funds
Endowment funds
Raslricted funds
13
13
2.501,536
532,361
2, 186, 766
558,490
Total fvnds
3,033,897
2, 745,256
The financial stalemenls were appro￿1 and authorised for issue by the Trustees and signed on their behalf by.
J. n.
Dale.
? kn f4 T￿4
The notes on pages 9 to 20 fonn part of these financial statements.
Page 8

CHRIST CHURCH LANDS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Gèneral InfoTmatlon
Christ Church Lands Charty is an unincorporated charity registered with the Charity Commission in
England & Wales, registered number 253387. The registered office is 1 All Saints Court, Bristol, BS11JN.
Accountlng pollci
2.1 Basis of preparntion of financial ststements
The financial statements have been prepared in a￿Ordan￿ with the Charities SORP IFRS 1021
Accounting and Reporting by Char6ties.' Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applieable in the UK
and Republic of Ireland {FRS 102) and the Charitle$ Act 2011.
The financial statements have been prepared to give a'true and fai¢ view.
Christ Church Lands Charity meets the definition of a public l￿neffit entity under FRS 102. Assets and
liabiif(ies are initially recognised at historical cost or transaction value unless otherwise ststÈd in the
relevant accounting policy.
2.2 Golng concorn
After making approprlate enquiries, the trustees have a reasonable expectation that the Charity has
adequate resources to continue in operabonal existence for the foreseeable fLrture. The Trustees are
confident that they can manage expenditur8 to align with the income generated from investment
returns. For this reason they continue to adopt the going ¢oncem basis in prèparing the financial
statements.
2.3 Incomo
All income is recognised once the Charity has entillement to the income. it is probable that the
income will b8 received and the amount of in¢ome receivable Can measured reliably.
2A Expgndltur8
Expenditure is ￿￿nised once there is a legal or constructtve obllgalion to transfer econornic benefit
to a third party, it is probable that a transfer of economic benefits wll be Tequired in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity.
Direct charffable expenditu￿ Included in thg Ststement of Finanrial Activities represents the amounts
paid from the restrkted funds during the year. Gran15 paid are made In accordance with the Charity
Commission Scheme.
Gov8mance costs are those incurred in connection with administration of the Charty and compliance
with constitutional and statutory rgquirements.
Costs of generating fvnds are Investrnent management costs and those costs in¢urred in respect of
maintaining. insuring and letts'ng the properties.
Expenditure on raising funds includes all expenditure incurred by tho Charity to raise funds for its
charitable purposes and includes costs of all fundraising activities events and nonrycharitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities whi¢h further the
Charitys objectives, as well as any associated support costs.
Page g

CHRIST CHURCH LANDS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounllng poliGio (conllnued
2J Intorost leCONablo
Interest on funds held on deposit is included when receivable and the amount can be measured
reliabty by the Charity,. this is normally upon nots'fication of thé interest paid or payabla by the
institution with whom the funds are deposited.
2.6 Taxatlon
The Charity is 8 registered charity 8nd as such is not liable to taxation on the net income from it8
charitable actNities.
Irrecoverable VAT Is charged against the &xp8nditure heading for which It was incurred.
2.7 Investments
Fixed asset investments are a form of financial instrument and are inilialty recognised at their
transaction cost and subsequently measured at fair value al the Balance Sheel date, unless the value
cannot be measured reliably in Nthich case il is measured at cost less impaim)ent. Investment gains
and 10$$8s, whether realised or unrealised, are combined and presanted as 'GainsllLossesl on
investments, in the Ststement of Financial Activities.
2A Inv￿tmpnt propertl8s
Investment properties are induded in the Balan¢e Sheet at their open market value in acwrdance
wth FRS 102 and are not depreciated.
2.9 Dobtor•
Trade and other dfrbtors are recognised at thg settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highty liquid investments with a short maturity
of three months or18s$ from the date of a¢quisition or opening of the deposit or simiLqr accounL
2.11 Liabllltl•s and provlslons
Liabilities are recognised when there is 8n obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit wll be required in settlemenL and the amount
of the settlement can be estimated ￿lIablY.
Liabl1￿$ are recognised * the amount that the Charity anticipates it will pay to settle the debt or the
amount it has recesvwj as advanced payments for the goods or services it must provide.
Provisions are measured at the best èstimate of the amounts required to settle the oblsgation. Wh8re
the effeGt of the ts.me value of money Is material, the provision is based on the present value of those
amounts, discounted at the prevtax discount rate that reflects the Nsks specific to the liability. The
unwinding of the dI￿U￿1 is ￿CognISed in the Statement of Financial Activities as a finance ￿8t.
Page 10

CHRIST CHURCH LANDS CHARrr
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting polIc￿S {contlnued)
2.12 Flnan¢lal In8trumonts
The Charity only has financial assets and financial liabilities of a kind that qualify as ba$ic financkql
instruments. 8asic financial instruments are initially recognised at transaction value and subsequendy
measured at their settlement value wrth the exception of bank loans which are subsequendy
measured at amorb'sad cost using the effectwe interest method.
2.13 Fund a¢countlng
General fvnds are unrestricted funds which are available for use at the dixretlon of the Tn￿￿85 in
furtherance of the general objectives of the Charty and which have not been designated for other
purposes.
Restricted fijnds are funds which are to be used in accordance wth specific restr(ctions imposed by
donors or which havé been raised by th8 Charity for parti¢ular purposes. The costs of raising and
administering such funds are chargad against the spwfic fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Page11

CHRIST CHURCH LANDS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Inv••tment Incom•
Unrestrl¢tsd Restrlctod
funds
funds
2024
2024
T¢)tal
funds
2024
Rents r8cervable
Other investment income
Int8re8t
115,824
35,326
395
10,701
2,946
3.414
126.525
38,272
3.809
151,545
17,061
168,606
Unrestrided
funds
2023
R&strictgd
funds
2023
Total
fvnds
2023
Rents receivable
Insurance premiums recovered
Other invgstment income
Interest
76,354
370
t6.433
325
43,433
270
17,003
1,304
119, 787
33,436
1.629
93,482
62,010
155.492
Invostm8nt management costs
Unre•trlcted
funds
2024
Total
nds
2024
Propety expenses
Insurance
Legal and selling agents fees
Investment managers. and valuation fees
Bank char9es
101,287
17,143
11,246
7,960
82
101,287
17,143
11,246
7.960
82
137,718
137,718
Pago 12

CHRIST CHURCH LANDS CHARI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Invostmont managem•nt ¢osts I￿ntInued)
Unrestricted
fvnds
2023
Total
funds
2023
Propety expenses
Insurance
Legal and selling 8gent5 fees
Investsment managers, and valuation fees
Bank charges
40.665
16. 712
14,975
7.327
109
40.665
16,712
14,975
7,327
109
79. 788
79, 788
Dlrèet charftable èxp•nditurn
2024
2023
Clause 21 {3)lal{il Communty of Sisters
Exhibthon Fund 2113}la)lii)
Clause 21 13llbllivl Clergy Fees
Clause 2113}1¢) Chrfst Church PCC
6,500
12,775
5,500
11,168
4.412
16,668
19,275
43,190
37,748
Governan￿ ¢08t8
2024
2023
Accounts preparation fee
Office and administration co$t8
Independent examineff s fées
Clerk's remuneration
3,353
57
2.617
7.800
3,255
98
2,541
7.800
13,827
13,694
Pag8 13

CHRIST CHURCH LANDS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Indepondont oxaminorf8 r•munoratlon
The Indepgndent examinerfs r8muneratsn amounts to an independent examiner fee of £2,617 (2023
- £2.541). and accounts Preparat￿ fee of £3,35312023- £3,255).
Staff costs
Stsff o)sts were as follows..
2024
2023
Wages and salaries
7,800
7,800
The average numb&r of persons employed by the Ch8TIty during the year was as follows..
2024
No.
2023
No.
Cl8rk
No employee reGeived remunemkn'on amounting to more than £60.000 in either year.
The Board considers that the key management personnel of the charity comprise the Trustee$. The
Trustees all give freely of their time anrj expertise wthoul any forni of remuneration or other benefit in
ash or kind, No reimbursement of expenditure was made to the trustees during the yeaT12023.' £nil).
Page 14

CHRIST CHURCH LANDS CHARITY
NOTes TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Investment propgrty
Freehold
invostment
property
Valualion
At 1 January 2024
Surplus on revaluation
1,292,321
232,679
At 31 Decemter 2024
1.525,000
A revaluation of all investment properties was undertaken by Burston Cook, Chartered Surveyors, in June
2024. The Trustees do not consid8r that the market value of the propety is materially different from that of
this valuab.on at the year end.
Detail$ of the historical costs are not available.
There are four propert￿$ all situated in Bristol in Ihe United lfjngdom.
Investment propertles comprf80:
2024
2023
59 Broad Street
61 Broad Street
63 Broad Street
1 Mardyke Ferry Road
440.000
440,000
440,000
205.000
380,000
412.321
275,000
225,000
Total
1,525,000
1,292.321
Page 15

CHRIST CHURCH LANDS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10. FIX￿ assgt investments
Listèd
InvoStment8
Cost or valuation
At 1 January 2024
Additions
Disposals
RevaluatSons
1,206,951
198,262
(181 A38)
81,962
At 31 December 2024
1.305,736
Net book value
At 31 December 2024
1,305.736
At 31 D8cemb8r2023
1.206,951
Inve51ments at mark•t value eomprlse:
2024
2023
Listed Investsments
1,305,736
1,206,951
All the fixed asset inve$tments are hgld in the UK.
Materfal Investmonts
31
31
DKgmbBr
DeGember
2023
2024
Charitles Propety Fund
Isha￿S V PIC
JP Morgan ETFS
Vanguard Fund$ PIC S&P 500
94.736
66,002
70,554
70,736
95,048
73,813
32.613
302,1)48
201.474
Material investments are defined 88 thosg representsng >5% of th8 market value of investm8nts at thè
year end.
Page 16

CHRIST CHURCH LANDS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11. Dobtors
2024
2023
Due wfthln ono yoar
Prepayments and accTued income
59.038
63.535
12. cr￿ltOrS. Amounts falling duo withln ono year
2024
2023
Other credrtors
AcGTuais and deferred income
17.332
11,293
18, 132
7,627
28,626
25, 759
Page 17

CHRIST CHURCH LANDS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
13. Statoment of funds
Statement of fund8- ¢IDrrent year
Balance at
31
Balan¢e at 1
January
2024
Transfers
Inlout
Gainsl December
(Losso$1
2024
Incomo Expondliuré
Unrnstrict¢d
funds
General funds
Property repair
fund
151,545
1146,S45)
(s,000)
(5,0001
5.000
151,$48
{161,S4S)
Endowmont
funds
Reserve fvnd
Accumulation
fund
1,936,023
314895
2,250,918
280,743
11251
250.618
2,186.766
314,770
2,501,536
R•$trfctod
funds
Clergy fvnd
Church Fabric
fund
Persons in Need
& Exhibition fund
355,579
9,927
(4,6401
360,866
183,636
3,567
119.275)
167,928
19275
3,567
119,275>
3,567
558,490
17,061
143.190)
532,361
Total of fund8
2,745.256
168,606
1194,735)
314,770
3,033,897
Page18

CHRIST CHURCH LANDS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
13. Statoment of funds {contInu￿)
Statefflont ol fund8 - prior year
Balarjce at
Balance al
l January
2023
31
D8c8mber
2023
Trnnsf8rs
in/out
G8lnSI
(Losses)
Income Exp&nditure
Unrestricted
funds
General fund$
Propety repalr
fund
93.482
(88,482)
(5.000)
(5.OOOJ
5,000
93,482
(93,482)
Endowment
Fund
Reserve fund
Accumulation
fund
1,882.280
53.743
1,936,023
244.923
5,820
250,743
2,127.203
59,563
2, 186, 766
Restrl¢tèd
fund8
Clergy fund
Church Fabric
fund
Persons in Need
& Exhibition fund
336,531
23.460
(4,412)
355,579
181,029
19,275
(16,668)
183,636
16.668
19.275
(16,668)
19.275
534,228
62,010
(37,748)
558,490
Total ol fund6
2,661.431
155,492
(131,230)
59,563
2. 745,256
Pa9e 19

CHRIST CHURCH LANDS CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
13. Statemgnt of lunds {Gontlnuod)
The Reserve Fund is for the repair and maintenance of Ihe property of the charity, in addition to thè
Church Fabric Fund.
The Accumulation Fund represents unexpended income whKh was paid into the fund as caprtal prior to
the $chem8. The income from this fund rnu￿ be used for the purposes Set out in clause 2113>lbl of tha
trust deeds.
The CIEr9y Fund is for payments of dergy stipends for the parish of Christ Church.
Th& Church Fabric Fund is for the repair, maintenance and insurance of the fabric of Chnsl Church and
for the maintsnance and support of services therein.
The Porsons in Need and Exhibition Fund 15 to make payments for the relief of persons in need, hardship
or distress resident in the parish of Christ Church.
The Property Repair Fund - the trustees have agreed to transfer £5,000 per annum from the genera5 fvnd
to fund future repairs to properties.
14. Analy8ls of n•t a6•0ts botwoen fund•
Investment
propertles Invostmgnts
Not currgnt
a$$ets
2024 £
2023 £
Capital funds1oxpendable}
ReseNe fund
Accumulation funds
1,525,000
725,918
2.250.918 1,936,023
18S
00
Income funds - mtrlcted
Clergy fund
Church Fabrie fvnd
Exhibib'on fund
360,866
153.503
380,8ee
167,928
355,579
183.636
27
14.425
49
Unrostrictod fund
74
Tol•l
Page 20