Registered Charity Number: 1102856 Company number: 05062314 Christ Church Central ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS For the year ended 31 March 2025
Christ Church Central Content5 Page Legal and administrative information Directors, report (incorporating the Trustees. annual report) Independent examiner's report Statement of financial activities Balance sheet Notes to the accounts 9-15
Christ Church Central Legal and administrative information for the year ended 31 March 2025 Directors/Trustees Paul German Rev. David Phillips Clare Smith-Keary Rev. Mark Burkill David Clarke Rev. Matt Thompson Chairman Company secretary Key management Rt. Rev. Tim Davies Peter Turk Church minister Honorary Treasurer Charity number 1102856 Company number 05062314 Registered office The DQ Centre Fitzwilliam Street Sheffield 514JR Accountants Seven Hills Accountants Limited 57 Burton Street Sheffield S62HH
Christ Church Central Directors, report (incorporating the Trustees, annual report) For the year ended 31 March 2025 The trustees are pleased to present their annual directors. report together with the financial statements of the charity for the year ended 31 March 2025 which are also prepared to meet the requirements for a directors. report and accounts for Companies Act purpose5. The financial statements comply with the Charities Act 2011, the Companie5 Act 2006, the Memorandum and Articles of Association, and the 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 1021 issued in October 2019. Objects of the charity Christ Church Central was "born" in October 2003 a5"a church for people who don't go to church". The church is reformed. evangelical and Anglican and seeks to remain faithful to the ancient creeds. the Church of England's 39 Articles of Religion and the doctrines of the 1662 Book of Common Prayer. The objects of the charity are- to advance the Christian faith in accordance with the charitys statement of beliefs in Sheffield and in such other parts of the United Kingdom or the world as the directors of the charity may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity,. to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in Sheffield and in such other parts of the United Kingdom or the world as the directors may from time to time think fit. As a spiritual family of people committed to Jesus and one another. when we meet together to study the bible, pray and sing, we try to do so in ways that are accessible. relevant, understandable and welcoming. As a city centre church. our mission field includes the'new builds" of central Sheffield- the friends and networks of church members; families, children and youth; students from the UK and overseas; and the homeless and vulnerable within our neighbourhood. Structure, governance and management The organisation is a company limited by guarantee and a registered charity. The Articles of Association provide for at least 3 directors. Directors have the power to appoint other directors. The total number of directors during the year was 6. All director5 are required to assent annually to the church's statement of belief. The responsibility for the overall strategy. policy. finance and appointments of the charity rests with the directors who meet regularly to monitor the activities of the company. During the year there were 3 meetings. The church oversight team ICOTI which meets monthly. has operational oversight of all the church's activities and is responsible to the directors. Risk management The directors and oversight team have assessed the potential risks and have developed policie5 and codes of practice which cover safeguarding, Equality Act issues. health and safety. insurance and employment law. Where appropriate, action has been taken to mitigate the relevant risks.
Christ Church Central Directors Report (incorporating the Trustees, annual report) (continued) For the year ended 31 March 2025 Review of Activities The church continues to be led by Rt. Rev. rim Davies. He is assisted by Associate Ministers Tim Sandell. who also has responsibility for our student ministry, and Steven Kin& who a150 has responsibility for our work with youth and children. The focus of church activity remains the sharing of the Christian Gospel message with those who haven't heard it (Gospel growthl and the growing to maturity in faith of existing believers Ichristian growth). As part of the Anglican Mission in England IAMIEI the church receives spiritual and pastoral oversight and enjoys partnership with a number of like-minded churches and Christians in the UK and further afield. In 2022 Tim Davies was consecrated as an Assistant Bishop. a role that he combines with his responsibilities at Central. The two weekly church meetings on a Sunday at 10-30am {with children's activities) and 6pm remain the main focus of regular activity, together with a monthly church family praise and prayer meeting. Attendance on Sundays is typically 200 in the morning {including children) and 50 - 70 in the evening. Small groups IGospel teams) are the building blocks for church family life and these meet m05t weeks for bible study, prayer, fellowship and outreach. The Staff and Church Oversight Team. with input from the church family, have continued to progress work on delivering our "Strategic Resolves" to give focus and direction for the church's activities over the next five years and to ensure that Central remains "a church for people who don't go to church ... in the heart of the city with a heart for the city." Through the year. the church has seen development in several key ministry areas. These include: students from both the University of Sheffield and Sheffield Hallam University meeting weekly for Bible study and fellowship on a Sunday as well as receiving individual support through the week. we have a significant number of asylum seekers coming to church, both those who are already Christian and those seeking to find out about Christianity. The regular ministry for and by our Iranian members, some of whom are asylum seekers, has matured and there is a weekly group for other refugees at which a warm welcome is extended and the Christian faith shared. As at the year-end we were actively engaged in seeking to raise external funding to appoint a dedicated member of staff to help grow this ministry area, and we were pleased to make such an appointment following the year end in May 2025 for an initial term of one year. We hope to be able to extend this term provided sufficient funding can be secured. - support and engagement with families, both from within the church membership and outside including regular Sunday groups for all ages, weekly Bible studies for youth, and young teens and children's holiday clubs. The desire is to reach increasing numbers of families local to the city centre as well as regular church members. There is also continuing involvement with a number of community support groups underthe general description of "Mercy Ministries" including Burngreave Foodbank. Sheffield Pregnancy Counselling Support and Galeed House. The church continues to support Global Gospel Partners and ministries across the world. Public Benefit Statement The directors confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. and in particular, the specific guidance on charities for the advancement of religion.
Christ Church Central Directors Report (incorporating the Trustees, annual report) (continued) For the year ended 31 March 2025 Future Plans We have developed"Resolves" in which we Set out the kind of church we sensed God calling us to be in Sheffield City Centre. Here are two things: To be a loving. countercultural, and public sanctuary where we can be vulnerable about weaknesses, where broken people are welcome and where disagreements and rebukes are managed graciously and for good. To proclaim and share the whole counsel of God, the Bible, with believers, unbelievers, women. men and children of any ethnicity, culture, background, religion, and lifestyle. We praise the Lord for the numerical growth and significant ethnic diver5ification that we have experienced. We re-dedicate ourselves in the coming year to prayin& discussin& thinking. and figuring out what it means to be an intercultural church familv. Financial Review During the year total income increased by £64,969 to £296.349 {2024- £231.3801 and expenditure increased by £34,986 to £274,293 12024- £239,307). As a result, the surplus reported this year was £22,056. After depreciation and fund transfers. there was a surplus on unrestricted funds for the year of £10,86312024: £4,877 deficit). Total net assets increased by£22,056 to £980,71512024- £958.6591 and net current assets increased by £15,814 to £127,83312024'. £112,019). Of this, £30.62012024: £19.4271 is held for restricted purposes (see note 15 for breakdown). free reserves of £82,71112024- £81.053 } are available to fund other projects and the church's day to day operating expenses. The directors have reviewed forecasts for income and expenditure and are satisfied that the church has sufficient liquid resources to meet the church's day to day operating costs. The church remains committed to giving away approximately IO% of unrestricted income to individuals and other organisations engaged in activities falling within the remit of the charity's objetts, be they activities undertaken locally. elsewhere in the UK or overseas. The -Global Gospel Partnerships Fund" and the 'UK Partnerships and Affiliation Fund" are designated funds for these purposes. Reserves poliry The church aims to hold free reserves (general funds excluding tangible fixed assets) in the range of £49,928 (being two months unrestricted expenditure plus £IOkl to £89.855 (four months unrestricted expenditure plus £IOkl. This is to allow the church to go through times where reserves are needed to cover unexpected events or loss in income andlor take advantage of unforeseen opportunities. Free reserves as at 31 March 2025 were £82,71112024- £81.053). The trustees note that the current level of reserves held by the church is within the target range. General funds are £82,71112024- £81,053). In addition, designated fund5 of £867,38412024- £858,179) were held. including a property fund holding the properties at accounting valuation and the associated loans of £845,85512024- £846,640).
Christ Church Central Directors Report (incorporating the Trustees, annual report) (continued) For the year ended 31 March 2025 Trustees, responsibilities in relation to the financial statements The charity trustees (who are also the directors of the charity for the purposes of company lawl are responsible for preparing a Trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements. the trustees are required to: Select suitable accounting policies and then apply them consistently; Observe the methods and principles in the Charities SORP- Make judgements and estimates that are reasonable and prudent,. State whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements- and 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 adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements. Small company provisions This report has been prepared in accordance with the special provisions relating to small companies, subject to the small companies, regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 21/07/2025 Signed on its behalf by.. Mr E P German Chairman
Independent examinerfs report to the directors of Christ Church Central ('the Companv) I report to the charity directors on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report A5 the charit¢s trustees of the Company land also its director5 for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 I'the 2006 Act'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charitWs accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'}. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examinerfs statement Since the Companws gross income exceeded £250,OCK) your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales. which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe- accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act,. or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair viewwhich 15 not a matter considered as part of an independent examination- or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102). 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. Signed: Susan Cochrane FCA DChA Seven Hills Accountants Limited 57 Burton Street Sheffield 56 2HH Date.. 22 Jul 2025
Christ Church Central Statement of financial activities (incorporating the income and expenditure account) for the year ended 31 March 2025 Unrestricted Restricted funds funds 2025 Total Unrestricted funds Restricted funds 2024 Total Note5 Income from: Donations, grants and legacies Charitable activities Property letting Investment - bank interest 204,818 9,923 4,216 2,306 75.086 279.904 9.923 4,216 2,306 191,509 7,723 5,086 910 24,190 1,962 215,699 9,685 5,086 910 Total income 221,263 75.086 296.349 205,228 26,152 231,380 Expenditure on: Charitable activities 239.565 34.728 274.293 221,977 17,330 239,307 Total expenditure 239,565 34.728 274,293 221,977 17,330 239,307 Net income/lexpenditure) (18,302) 40.358 22,056 116,7491 8,822 17,9271 Transfers 15 29.165 129.1651 11.872 111,8721 Net movement in funds 10.863 11.193 22.056 14,8771 13,0501 17,9271 Total funds brought forward 939.232 19.427 958.659 944,109 22,477 966,586 Total funds carried fon•Jard 950,095 30,620 980,715 939,232 19,427 958,659 The statement of financial activities includes all gains and losses recognised in the year. All of the charitable company's operations are classed as continuing. The notes on pages 9 to 15 form part of these accounts.
Christ Church Central Balance Sheet As at 31 March 2025 2025 2024 Notes Fixed assets Tangible assets li 852,882 846,640 Total fixed assets 852,882 846,640 Current a55ets Debtors Cash at bank and in hand Total current assets 12 17,586 118,775 136,361 30,861 86,719 117,580 Creditors.. amounts falling due within one year 13 18,5281 15,5611 Net current assets 127,833 112,019 Total assets less current liabilities 980,715 958,659 Creditors.. amounts falling due after one year Total net assets 980,715 958,659 Represented By FUNDS Designated funds General funds Unrestricted funds Restricted funds Total charity funds 867,384 82,711 950,095 30,620 980,715 858,179 81,053 939,232 19,427 958,659 14 15 16 For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companie5. Directors, responsibilities.. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. The accounts have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within part 15 of the Companies Act 2006. Approved by the board of directors on 2110712025 and signed on its behalf by.. EpG..- Mr E P German Chairman Company number.. 05062314
Christ Church Central Notes to the Accounts for the year ended 31 March 2025 Accountlng Pollcles lal Basis of preparation Christ Church Central is a charitable company in the United Kingdom limited by guarantee and has no share capital. In the event that the charity is wound up the liability in respect of the guarantee is limited to £10 per membe¥ of the charity. The address of the registered office is given in the company information on page l of these financial statements. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting bv Charities preparing their accounts in accordance the Financi31 Reporting St3nd3rd applicable in the UK and Republic of Ireland IFRS 1021 (second edition). the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS1021 and with the Charities Act 2011. The financial statements have tsken advantsge of the exemption to prepare 3 Statement of Cash Flows Christ Church Central meets the definition of a public benefit entity under FRS 102. The financial statements are prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notelsl to the accounts. The financial statements are presented in sterling which is the functional currency of the charity and are rounded to the nearest £. Ibl Income Income is recognised in the SOFA when the charity has entitlement to the funds. any performance conditions attached to the monies have been met. the receipt of the income is probable and its amount can be reliably measured. Income received in circumstances where a claim for repayment of tax has been or will be made to HM Revenue & Customs is grossed up for tax recoverable. Any amount of tax recoverable from HM Revenue & Customs but not received at the year end is shown within the charity's debtors. The charity ha5 relied significantly uporh volunteer5 in carrying its activities during the year, particularly the children's work, youth work, student work, international ministry and women's ministry (including the baby and toddler group). In accoidance with paragraph 6.18 of the SORP, the role of volunteer5 has not beerh recogni5ed as income from donated services in the account5. {() Expenditure and liabilities Expenditure is recognised where an there is a legal or constructive obligation to pay a third party. it is probable that settlement will be required and the amount of the obligation can be reliably measured. All expenditure is reported Eross of irrecoverable VAT. {dl Grants payable Grants payable are provided for at the earlier of when they are paid or become constructive obligations. The charity supports mission partners in the UK and around the world. Where a particular mission partner has been supported by the church for a number of years. strict compliance with the Charities, Statement of Recommended Prartice ISORPI may regard some arrangements as constituting constructive obligations such that hjture years, support is accounted for in these accounts as a liability. Whilst the support has no final end date. the directors assess mission partner funding on an annual basis and are confident that the mission partners would not view their support as an open ended obligation on the part of the charity. The annual commitment only is accounted for in these financial statements. {el Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of depreciation and any impairment losses. Depreciation is provided on all tangible assets at the following rates calculated to write off the cost less estimated residual value, over their useful economic lives.. Freehold buildings Leasehold buildings Fixtures and fittings Between 10 and 50 years straight line Between 10 and 50 years straight line Between 4 and 5 years straight line Items that cost le55 than £1,000 are written off in the year of purchase. {fl Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readilv convertible to a known amount of cash and are subject to an insignificant risk of change in value. tsl Tradè debtors Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtor5 are recogni5ed initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, le55 provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due accordingto the original terms of the receivables.
Christ Church Central Notes to the Accounts- continued for the year ended 31 March 2025 Accountlng Pollcles- contlnued Ihl Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from supplier5. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. {1} Fund accounting Unrestricted funds are donations and other income receivable or generated for the objects of the organisation without further specified purpose and are available as general funds. Designated funds are unrestrirted funds of the charity which the directors have decided at their discretion to set aside to use for a specific purpose. Restricted funds are either donations which the donor has specified are to be solely used for particular areas of the charity's work or grant income sought for specified activities. Ul Taxation As a charity, the organi53tion is exempt ftom tax on income and gain5 falling within the available tax exemptions to the extent that these are applied to its charitsble objects. No tax charges have arisen in the charity. {kl Pension obligations 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. {1} Operatlng lease rentals Rentals under operating leases are charged to the Statement of Financial Activities on a straight line basis over the lease term. {ml Going concern The financial statements have been prepared on a going concern basis as the directors believe that no material uncertainties exist about the charity's ability to continue. Based on the adequacy of the charity's reserves as at the balance sheet date. along with the knowledge of the charity's ability to meet bills. payments and other liabilities as they fall due. the directors have a reasonable expectation that the charity has sufficient resources to continue in operational existence for the foreseeable future. The directors have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of resetves for the chality to be able to continue as 3 going concern. Income from donationsi grants and lègacies Unrestrlrted Restricted funds Funds 2025 Totsl Unrestricted funds Restricted Funds 2024 Total General donations Income tax recovered Grant income 170.881 33.937 61.787 13.299 232.668 47.236 157.472 34.037 15.922 3.268 5,000 173.394 37.305 5,000 204.818 75.086 279.904 191,509 24,190 215 699 io
Christ Church Central Notes to the Accounts- continued for the year ended 31 March 2025 Expendlture on charftable actlvltles Unrèstrirted Restricted funds Funds 2025 Unrestricted Restricted Funds 2024 Total funds Total Notes Staff costs Ministry Training and conferences Youth and Children's ministry Communications and publicity student ministry Leadership resources Church Weekend Direct Ministry Costs Membership & Affiliation Contributions Grants payable Property and Facilities Administration costs Depreciation 120.579 3.049 3,836 504 3.594 30 1,518 4,930 3.817 13.702 46.295 13,211 24,500 9.324 129.903 3.049 4,722 504 3.813 30 1,886 4,930 3.817 15.347 68.581 13,211 24,5(Kl 106.263 4.468 1,362 325 1.223 78 114 3,333 3.970 15.870 46.108 16,357 22,506 9.725 115.988 4.468 1,717 325 2.475 78 2,257 4,539 3.970 17.829 46.798 16,357 22,506 886 355 219 1,252 368 2,143 1,206 1.645 22.286 1,959 690 239.565 34.728 274,293 221.977 17.330 239,307 Expendlture on charftable actlvlty- grants payable 2025 Total 2024 Total In$1itution5 Individuals Institutions Individua15 Missionary support Relief of poverty 13,402 3(K) 1,645 13,702 1,645 15,870 15,870 1,959 1,959 13.402 1.945 15.347 15,870 1,959 Mission support and charitable giving was principally to fund Mission Partners working in Asia. Australia and Europe (including the UK). The Church also supported church members going on short term missions. Grants paid to in5titution5 included.. Operation Mobilisation Frontiers Crosslinks Radstock Mini5trie5 3.960 2,212 4,260 No other grants for more than £l.000 were paid to institutions. Expendlture on charftable actlvlty- property and facllltles Unrestrirted Restricted funds Funds 2025 Total Unrestricted funds Restricted Funds 2024 Total Building project expenses DQ Centre property costs 47 Victoria Road property costs Mortgage arrangement and interest costs 22.286 22.286 41.663 4.632 690 690 33.126 12.281 701 41.663 4.632 33.126 12.281 701 46,295 22,286 68,581 46,108 690 46,798 li
Christ Church Central Notes to the Accounts- continued for the year ended 31 March 2025 Expendlture on charftable actlvlty- admlnlstratlve expenses Unrestrirted Restricted 2025 Unrestricted Restricted 2024 funds Funds Total funds Funds Total Notes Office expenses Safety and compliance Other expen5e5 Legal and professional fees Bank charges Independent examination and accounts fee 4,886 939 4,886 939 4,024 246 4,024 246 3,532 1.573 586 1.695 3,532 1.573 586 1.695 9,924 9,924 117 1,200 117 1,200 13,211 13,211 16,357 16,357 Fees payable to Independent examiner's organisation 2025 2024 Independent examiner's fee 1,695 1,200 No other fees were payable to the independent examiner's organisation. Staff costs 2025 2024 Salaries Iministry and Administrativel Employer's National Insurance contributions Employer's allowance Employer's pension contributions 119,138 10,237 15.0001 5.528 105,625 10,531 15,0001 4.832 129,903 115,988 The average number of employee5 in the year wa5 612024.. 61. No employee received emoluments of more than £60,000 in either year. Dlrectors and Key management personnel remuneratlon. beneffts and expenses No remuneration wa5 paid to any dirertor during the year nor to any person connerted to them. Similarly no out of pocket expen5e5 were paid to any director during the year. Benefits payable for key management, including salary, housing expenses, employer's national insurance and pension contributions amounted to £39,92112024'. £42,887). In addition a house was provided rent free to key management. Key management is considered to cover the church minister who is directly employed by the charity, and the honorary treasurer who receives no remuneration from the charitv. 10 Relatèd party transactions The total amount of donations received from directors. key management and those connected to them was £29.22112024.' £28.8171. This includes both restricted donations of £3.9 and unrestricted donations of £25.321. A membership contribution of £3.81712024: £3.9701 was made to Anglican Mission in England IAMIEI. of which Rt. Rev T Davies (who is considered key management of Christ Church Centrall and Rev M Thompson Itrusteel are trustees. £1.30212024.' £1.4401 was paid to AMIE for conference costs. Rt. Rev T Davies combines hi5 role at Christ Church Central with hi5 role a5 a5515tarrt bishop for AMIE, for which he receive5 no remuneration from AMIE. It 15 estimated that this work amounts to around I day per week of his time. Christ Church Central does not charge AMIE any proportion of the employment costs relatingto Rt. RevT Davies wtth hi5 time being provided free of charge. No other transartion5 have taken place with related parties during the year, other than those included in rhote 9. 12
Christ Church Central Notes to the Accounts- continued for the vear ended 31 March 2025 11 Tanglble fixed assets Fixtures and Fittings Equipment Propertv Totsl Cost As at l April 2024 Additions 1.090.773 21.372 10.509 5.556 9.369 13.1401 11,785 1.106.838 30.741 13,1401 1,134,439 Disposals As at 31 March 2025 1,112,145 10,509 Dèpreciation As at l April 2024 Charge this period Eliminated on disposal As at 31 Marth 2025 244.133 22,157 10.509 5.556 2,342 13,1401 4,758 260.198 24,499 13,1401 281,557 266.2 10,509 Net book value Asat31 March 2025 845,855 7,027 852,882 As at 31 March 2024 846,640 846,640 All fixed assets are considered to be for dirert charttable purposes. 12 Debtors 2025 2024 Trade debtors Income tax recoverable Prepayments 350 21,394 9,117 6,452 11,134 30,861 13 Creditors- amounts falling due Varythin one year 2025 2024 Trade creditors Taxation and social security Accruals and deferred income 3,358 2,665 2,505 1,891 3,670 5,561 13
Christ Church Central Notes to the Accounts- continued for the year ended 31 March 2025 14 Unrestrfcted funds Balance blfwd Balance clfvid Income Expenditure Transfer5 Dèsignated funds Growth Fund 10.151 1.112 276 10.151 3,796 555 Global Gospel Partnerships Fund UK Partnerships and Affiliations Fund Fixed Asset Fund 113,7021 13,8171 12.3421 122,1571 142.0181 1197,5471 16,386 4,096 9,369 21,372 51,223 122,0581 7,027 845,855 867,384 82,711 Property Fund 846.640 858.179 81,053 General Funds 221,263 939.232 221.263 239,565 950,095 The designated funds represent amounts set aside by the directors for spectfic purposes.. il The Growth Fund represents resources set aside by the directors to facilitate church growth via church planting and similar projects. ill The Global Gospel Partner5hip5 Fund repre5ent5 re50urce5 set aside by the directors for distribution as grants to individua15 and institutions undertaking mission activities. The directors aim to Set aside 8% of unrestricted income annually for distribution a5 grant5 and the balance carried forward of £3,796 represents the balance Set aside but unspent at the year end. iiil The UK Partnerships and Affiliations Fund represents resources set aside by the directors for membership contributions payable to Anglican Mission in England. of which the church is a member lor alternatively for distribution as grants to other UK based organisations undertaking attivities in line with the objects of the charity). The directors aim to set aside 2% of unrestricted income annually for this purpose and the balance of £555 represents the balance set aside but unspent at the year end. iv) The Fixed asset fund represents the net iK>ok value of purchased assets. vl The Property Fund represents the net book value of the properties. Prioryear comparison Bolance Balance c/fvid b/fvd Income ExpendAture Tronsfer5 Designtttedfvnds Growth Fund Globol Gospel Portfterships Fund UK Portfterships ondAffiliotNons Fund Property Fund 10.151 2.056 10,151 1,112 276 846,640 858,179 80.513 (2,056) 1,112 276 24,147 25,535 (13.663) 845.1X 857.207 86.902 (22.507) (24,563) (197,9543 Generol Funds 205.228 944,109 205,228 222,517 11,872 938,692 15 Re5trirted fund5 The restricted funds represent amounts received for specific purposes and the movements in the year are as follows= Balance blhyd Balance clfwd Income Expenditure Transfers Building Fund Discretionary Fund Assistant Minister (Youth & Children's) Fund Ministers Fund Restricted Gift Fund Farsi Ministry Coordinator Fund 18.376 1,051 47.265 2,875 21,579 1.819 1.473 75 122.2861 11,6451 19,3241 129,1651 14.190 2,281 12,255 1.819 11.4731 75 19.427 75.086 34.728 29.165 30.620 Building Fund- represents funds raised for refurbishment of. and improvements to. the DQ Centre. ill Discretionary Fund- to help those in financial need. iiil Assistant Minister (Youth & Children's) Fund- to fvnd the Assistant Minister (Youth & Children's) staff p051tion. iv) Ministers fund- to help fund the mini5ter'5 Costs including salary and housing. vil Restricted Gift Fund- Includes donations to pay for particular items. vill Farsi Ministry Coordinator Fund- to fund the Farsi Ministry Coordinator staff position 14
Christ Church Central Notes to the Accounts- continued for the year ended 31 March 2025 15 Restrlcted funds- contlnued Prioryear comparison Bt71ance Balance c/fvid b/fvd Income ExpendAture Tronsfer5 BuAldift9 Fuftd Discretffjonory Fund Youth ond Student Minlstry Fund Ministers Fund 15.897 1.231 i.oii 15.041 1.779 241 1690) {1,959J (1,252) (1,515) (8.210) (3,704J (11,872) 18,376 1,051 1.515 5.250 2.326 Youth & ChNldren s worker Fund 2.960 1.378 Restricted Glft Fund 22.477 26.152 17,330 11.872 19.427 16 Net assets by fund General fvnds Designated funds Restrirted Funds 2025 Total Tangible fixed assets Current a55etS Creditors.. amounts falling due within one year 852,882 14,502 852,882 136,361 18,5281 91,239 18.5281 30,620 82,711 867,384 30,620 980,715 Free reserve5- general funds excluding tangible fixed assets 82,711 Prioryear comparison Generol fund5 Designoted fund5 RestrArted Funds 2024 Totol Tangiblefixed assets Current assets Creditors.. iJrnountsfulling due within one year 846.640 11,539 846.640 117,580 (5,561) 86,614 15,561) 19,427 81,053 858,179 19.427 958,659 Free reseThes- gep)erolfunds excluding tongiblefixed ossets 81,053 17 Operating lease commitments As at 31 March 2025 the charity was committed to makingthe following payments under operating leases a5 follows.. 2025 2024 Other leases Amounts payable not later than one year Amounts payable later than one year and not later than five years 1,250 2,188 3,438 1,250 3.438 4.688 15