STOCKPORT CENTRE CHURCH 360 Life Church FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CHARITY NUMBER 1051794
STOCKPORT CENTRE CHURCH - CHARITY NUMBER 1051794 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Contents Pages Legal and administrative information Trustees' report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 1 2 to 4 5 6 7 8 to 13
STOCKPORT CENTRE CHURCH - CHARITY NUMBER 1051794 LEGAL & ADMINISTRATIVE INFORMATION Trustees (also known as the Church Council) Hayley Wall usannah Smi tephen Col Elisabeth English Christine Stanfor David Leslie Chair Holding Trustees Stephen Cole, Hayley Wall, Kevin Todhunter Principal Office Cale Green Life Centre 71 Adswood Road Cale Green Stockport Cheshire SK3 8HR Reporting Accountants Scott Roberts Taylor & Co Central Buildings 5 - 7 Corporation Street Hyde Cheshire SK14 1AG Bankers The Cooperative Bank, Stockport 1 St Peter's Square Stockport Cheshire SK1 INX Website https://360life.church Page 1
STOCKPORT CENTRE CHURCH - CHARITY NUMBER 1051794 TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025 1. Report of the trustees for the year ended 31 March 2025. The Trustees present their report, along with the Statement of Financial Activities of the charity for the year ended 31 March 2025. The financial statement has been prepared on the basis of the accounting policies set out in the accompanying notes. The financial statements comply with the charity's constitution, applicable law, and the requirements of the Statement of Recommended Practice (SORP). Constitution and Objectives 360Life Church (Stockport Centre Church) is an unincorporated registered charity, number 1051794, constituted under the Assemblies of God GB model constitution deed dated 2 April 2006. The main objects of the charity are the advancement of the Christian faith, the relief of sickness and financial hardship, and the advancement of education. Organisation and Structure The church is led by a leadership team, who appoint deacons and other leaders. The management of the church is vested in the Church Council. The Church Council members are the charity trustees. Appointment as a charity trustee is therefore automatic upon appointment to a position in the Church Council. The Church Council comprises of no fewer than three members and is constituted from the Leadership and Diaconate of the church. The officers of the church are the chairman (who shall be the Lead Pastor, or in the absence of a Pastor, a member of the leadership team, as appointed by the Church Council), the Secretary and the Treasurer. The Church Council appoints the Secretary and Treasurer. Decisions in the Church Council are made by simple majority open vote. In the event of a tie, the chairman has a casting vote. For the purpose of holding the land and building assets of the church, the Church Council will appoint no fewer than 3 church members to be Holding Trustees. The Holding Trustees act on the directions of the Church Council. Grant Making Policy The church aims to donate at least 10% of its unrestricted income to other charitable organisations. 2. Financial Review and Investment Policy There are no restrictions on the charity's powers to invest. The investment strategy is set by the Church Council and takes account of the current demand for funds. The Church Council implements a low-risk strategy. Reserves Policy It is the policy of the charity to retain unrestricted funds at a level which equates to approximately 3 months' committed expenditure together with 6 months' mortgage repayments. This provides sufficient funds to cover outgoings including staff salaries and committed regular grants. The remainder of the reserve is expended on the objectives of the charity. Page 2
STOCKPORT CENTRE CHURCH - CHARITY NUMBER 1051794 TRUSTEES' REPORT CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 Risk Management Insurance needs are reviewed on a regular basis and advice is sought to ensure adequate insurance cover is in place at all times. The church's Health and Safety policy is reviewed regularly to bring it in line with current church activities and with best practice. The policy statements cover inter alia, safety responsibilities, safety information and training, risk assessments, tire precautions, tirst aid, safeguarding the welfare of children and young people, and competency and training of workers and accident reporting procedures. Church members as a whole (as opposed to just church employees/workers) are included within the scope of the policy to promote the principle that health and safety is everyone's responsibility. Safety audits are carried out to ensure compliance. In order to safeguard the welfare of children, young people and vulnerable adults, the church operates a Safeguarding policy. The church's Safeguarding policy is reviewed periodically to maintain it in line with current church activities and with best safe working practice. All children/youth workers are carefully selected and screened and have an enhanced Disclosure and Barring Service (DBS) disclosure check or its equivalent. Others who have access to children, such as church trustees and other leaders are also carefully screened, including an enhanced DBS disclosure check or its equivalent. Checks are repeated every three years. Children's workers are trained in safe practice and work within approved guidelines. Safeguarding awareness training is arranged as required. The system of Internal Financial Control is designed to provide reasonable assurance against material misstatement or loss of funds. They include: Annual budget approved by the church council, which is regularly reviewed against actual performance. Annual consideration of financial results by the trustees and presentation of annual reports to the church membership at the AGM. • Delegation of authority and segregation of duties. • Annual Independent review of financial records. 3. Financial Results and Activities The income for the year was £122,131 (2023/24: £113,322). This included £17,634 in Gift Aid receipts (including GASDS annual claim) (2023/24: £16,473). The expenditure was £118,312 (2023/24: £126,527). During the year, the church awarded grants and benevolent gifts totaling f8,785 (2023/24: £9,105) to charitable organizations and missions, both in the UK and overseas. The church also made financial gifts to various individuals in need, using restricted funds held for this purpose in the church's Love Fund £457 (2023/24 £608). The sum of £61,385 (2023/24: €60,051) after reallocation of administration costs was paid to employees including trustees in respect of administrative, ministry and pastoral services rendered to the church, including salaries where applicable. Building The building purchase was funded from special offerings, interest-free loans provided by church members, utilization of the charity's reserves and a £100,000 mortgage obtained from Kingdom Bank. The outstanding balance on the mortgage, as at March 2025, is £36,716. Funds Current assets stood at £124,241 at 31 March 2025 (31 March 2024: £142,268), including reserves and restricted funds. Page 3
STOCKPORT CENTRE CHURCH - CHARITY NUMBER 1051794 TRUSTEES' REPORT CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 4. Volunteers & Donors Many of our donors give via online bank transfers and standing orders. The church is very appreciative of the financial support and the generous donations made by members. Throughout the year, church members have also given voluntary service towards achieving the objectives of the charity. The charity is grateful for the sacrificial contribution of time and effort from every volunteer. 5. Statement of Trustees' Responsibilities Charity law requires the trustees to prepare financial statements for each financial year that give a true and fair view of the state of the financial affairs of the charity during the year and its financial position at the end of the year. In preparing those financial statements, the trustees are required to: Select suitable accounting policies and then apply them consistently. • Make judgements and estimates that are reasonable and prudent. State whether applicable accounting standards and the Statement of Recommended Practice have been followed, subject to any departures disclosed and explained in the Financial Statement. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the Financial Statement complies with the Charities Act. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the Trustees. Howall. Hayley Wall Trustee Date: IIth JANUARY 2026 Page 4
STOCKPORT CENTRE CHURCH - CHARITY NUMBER 1051794 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES Report to the trustees of Stockport Centre Church (Charity no. 1051794) on the accounts for the year ended 31 March 2025, which are set out on pages 6 to 13. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is our responsibility to: Examine the accounts under section 145 of the Charities Act. To follow the procedures laid down in the general directions given by the Charity Commission (under section 145 (5) (b) of the Charities Act): and • To state whether particular matters have come to our attention. Basis of Independent Examiner's Statement Our examination was carried out in accordance with the general direction given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a true and fair view, and the report is limited to those matters set out in the statement below. Independent Examiner's statement In connection with our examination, no matter has come to our attention: (1) Which gives us reasonable cause to believe that in any material respect the requirements: - • to keep accounting records in accordance with section 130 of the Charities Act: and • to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met: or (2) To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Natt Ride, Try on Scott Roberts Taylor & Co Accountants & Registered Auditors Central Buildings 5/7 Corporation Street Hyde Cheshire SK14 1AG Date: ... 12 Jaruary. 2026 Page 5
STOCKPORT CENTRE CHURCH - CHARITY NUMBER 1051794 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Restricted Funds Notes Income Resources Donations Earned income Holiday funds income Interest received Grant income Varm Space incom treach Fund incom Love Fund Who Let the Dads Out Miscellaneous income Outgoing Resources Church salaries, pensions & NIC Donations Administrative expenses Repairs & Maintenance Catering Toddlers & Bits and Bots Children & Youth Safeguarding Social events Visiting speakers Worship group Love fund disbursement Holiday funds distribution Small groups Special offerings distribution New community outreach Mortgage interest Pastoral Costs Leadership costs Training and development Who let the dads out Distributions Mission costs and unplanned giving Discret onary Depreciation Net incoming resources Transfer between funds Net movement in funds Total funds brought forward Total funds carried forward 7 8 10 9 9 : soi : 1,000 - 1,003 500 3,004 - : 580 : : 282 536 : 1,855 1,149 436 1,585 11.146 12,731 Page 6 General Funds 114,310 1,245 3,572 : 112,127 33 52 : Total Funds 2025 114,310 1,245 501 3,572 1,000 1,003 500 122,131 Total Funds 2024 33 52 92 - 3,819 3,819 415,329 419,148 : (13,205) (13,205) 428,534 415,322
STOCKPORT CENTRE CHURCH - CHARITY NUMBER 1051794 BALANCE SHEET ON 31 MARCH 2025 Notes 2 2025 337,287 FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank and in hand CREDITORS: amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS: amounts falling due after more than one year 18,954 105,287 124,241 (8,746) 17,358 124.910 142,268 (7.021) 6 115,495 452,782 (33,634) 419,148 FUNDS OF THE CHARITY Restricted Income Fund Designated Fund General Fund 12 11 11 12,731 296,170 110,247 276,999 127,184 406,417 419,148 Signed on behalf of all the Trustees on "Jarmarg 26 by: HoWall. s.Suth. Trustee - Hayley Wall Trustee - Susie Smith Charity No: 1051794 The notes on pages 8 to 13 form part of these financial statements Page 7 2024 346,475 135,247 481,722 (66,393) 415,322 11,146 404,183 415,322
STOCKPORT CENTRE CHURCH - CHARITY NUMBER 1051794 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1 1.1 1.2. 1.3 STATEMENT OF ACCOUNTING POLICIES These accounts have been prepared under the historic cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to the accounts The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities The charity constitutes a public benefit entity as defined by FRS 102. Irrecoverable VAT is charged to the SOFA as incurred. INCOMING RESOURCES All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. No amounts are included in the financial statements for services and time donated by volunteers. EXPENDITURE All expenditure is accounted for an accrual basis and has been included under headings that aggregate all costs relating to the same category. When costs cannot be directly attributed to particular headings, they have been allocated to activities on basis consistent with use of resources. Support costs include allocation of the administrator's salary cost relating to directly supporting the objects of the charity. FUNDS OF THE CHARITY General funds are unrestricted funds which are available for use at the discretion of the trustees in further and of the general objectives of the charity, which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes and also may include funds not really available for immediate use. Restricted funds are to be used in accordance with specific restrictions imposed by donors, or which have been raised for particular purposes. Page 8
STOCKPORT CENTRE CHURCH - CHARITY NUMBER 1051794 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2. TANGIBLE ASSETS Tangible fixed assets costing more than €100 are capitalised and included on fixed assets at cost. Depreciation is a vided on all tang to asse off the cost on a straight-line basis over their expected useful Depreciation charges commence in the year following the year of "Asset Purchase" or "brought into Use" at the following rates: - Short term and lease over life of lease over 50 years Fixtures and fittings ver 10 year: Equipment ver 5-10 year Computer Equipmen over 3 years Motor vehicles over 4 years Expenditure on computer software is written off as incurred. TANGIBLE FIXED ASSETS Land & Buildings Computer Equipment Total Cost: At 1 April 2024 Additions Disposal At 31 March 2025 Depreciation: At 1 April 2024 Charge for Year At 31 March 20isposal Net book value: At 31 March 2024 At 31 March 2025 438,008 18,592 260 18,852 Fixtures Fittings S quipmen 24,330 337 (4,190) 20,477 480,930 597 (4,190) 477,337 96,361 8,760 105,121 18,474 117 18,591 19,620 908 (4,190) 16,338 134,455 9,785 (4,190) 140,050 341,647 332,887 118 261 4,710 4,132 346,475 337,287 Page 9
STOCKPORT CENTRE CHURCH - CHARITY NUMBER 1051794 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 3. DEBTORS Prepayments & Accrued Income Other Debtors CASH AT BANK AND IN HAND Cash at bank CREDITORS: amounts falling due within one year Mortgage PAYE/NIC Pension Accruals and deferred income 6. CREDITORS: amounts falling due after one year Mortgage 7. DONATIONS & LEGACIES General offering GASDS Gift Aid Gift Aid 2025 1,320 17.634 18,954 2025 € 105,287 105,287 2025 3,082 719 63 4,882 8,746 2025 € 33,634 33,634 2025 96,676 869 16.765 114,310 8. EARNED INCOME Fundraising schemes Social events Bibs and bots income CGLC - Hire Toddlers' income 2025 794 1,245 Page 10 2024 993 16,365 17,358 2024 124,910 124,910 2024 3,082 757 61 3.121 7,021 2024 66,393 66,393 2024 89,864 115464 106,337 2024 1,676 918 2,682
STOCKPORT CENTRE CHURCH - CHARITY NUMBER 1051794 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 9. ANALYSIS OF OUTGOING RESOURCES Restricted Funds Donations: AOG contribution Mission giving Total Administrative Expenses: Insurance Utilities Communications Administrator reallocation Accountancy Website & computer costs Equipment Cleaning Printing, postage & stationery Legal & professional fees Subscriptions Total : - - Details of certain items of Expenditure: Trustees Expenses Number of trustees who were paid expenses Fees for examination of audit Independent examiners fees Page 11 General Funds 2,100 2,100 1,687 4,545 274 2,039 1,280 3,157 355 1.233 15,929 Total Funds 2025 2,100 2,100 1,687 4,545 274 2,039 1,350 1,206 83 3,157 355 1.233 15,922 2025 € 1,320 Total Funds 2024 3,731 1,264 4,995 1,653 3,467 226 1,872 1,320 1,468 119 1,694 332 50 959 13,160 2024 € 1,170
STOCKPORT CENTRE CHURCH - CHARITY NUMBER 1051794 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10. PAID EMPLOYEES Staff Costs Gross wages, salaries and benefits in kind Employers National Insurance costs Pension Costs Total Average number of Employees in the year 2025 59,082 2,303 61,385 2024 57,792 2259 60,051 The parts of the charity in which the employees work Total Defined Contribution Pension Scheme Church The costs of the scheme to the charity for the year The amount of any contributions outstanding at the year-end The amount of any contribution prepaid at the year-end 2025 3 3 2025 4,322 99 2024 4 4 2024 4,239 61 11. FUNDS OF THE CHARITY Restricted Income Fund General & Designated Fund At 1 April 2024 11,146 404,183 415,322 Surplus Transferred At 31 March Between Funds 2025 1,149 2,670 3,812 436 (436) 12,731 406,417 419,148 Page 12
STOCKPORT CENTRE CHURCH - CHARITY NUMBER 1051794 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. RESTRICTED FUND 2025 3,981 8,750 Love Fund Sabbatical Fund WLTDO Total 12,731 Page 13 2024 3,435 7,500 211 11,146