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2021-03-31-accounts

CHIUSTIAN CITY CHURCH - CHELTENHAM Accounts- 31st March 2021

CHRISTIAN CITY CHURCH - CHELTENHAM

(A company limited by guarantee and not having a share capital)

Charity number: 1108838 Company number: 5382264

Accounts – 31st March 2021

INDEX

Registered in England and Wales No: 5382264

CHRISTIAN CITY CHURCH - CHELTENHAM

REPORT OF THE TRUSTEES

for the year ended 31st March 2021

The Trustees are pleased to present their annual report and financial statements of the charitable company for the year ended 31[st] March 2021 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1st January 2015).

Reference and Administration Details

The charity’s name is Christian City Church - Cheltenham.

Charity Registration Number: 1108838 Company Number: 5382264 Registered Office: The Pavilion Hatherley Lane Cheltenham GL51 6PN

Trustees

The Trustees of the charitable company (the charity) are its Directors for the purposes of charity law. The Trustees and officers who served during the year and since the year end were as follows:

K Allan (Chairman) A Parr C Thomas (resigned 30[th] March 2021) A Bates J Simcox P Tucker J A G Brown C Walsh (appointed 5[th] September 2020)

Objects and Activities

The main objects of the charity are:

In planning the activities of the charitable company the trustees have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion.

Achievements and Performance

Due to the Covid pandemic declared in March 2020 a number of church activities had to be suspended or altered according to government regulations.

The Church still met regularly throughout the year, either online or in person, both on Sundays and during the week for various activities serving groups within the church and the local community.

CHRISTIAN CITY CHURCH - CHELTENHAM

REPORT OF THE TRUSTEES

for the year ended 31st March 2021 ( Continued)

Achievements and Performance (continued)

The Church made a number of financial gifts to other agencies both in the UK and abroad. Locally, support was given to charities that support the community through the CAP debt counselling centre, housing aid (YMCA), a children’s cancer charity, Youth for Christ and the local Sue Ryder Hospice. Support was also given to agencies working nationally; Scripture Union, Wycliffe Bible Translators and United Christian Broadcasting. Overseas aid was sent to a church in Sri Lanka, and DEC emergency appeals.

Salaries continued to represent a significant expenditure; the Church has continued to employ a number of part time staff including the Senior Minister, a Co- Pastor (from September 2020) Administrators, Cleaners and Facilities Manager. A number of church members were involved, on a voluntary basis, in leading and supporting various activities in the church. As a result of the pandemic staff involved with the management and cleaning of The Pavilion were furloughed at various times during the year, and one cleaner was made redundant.

Income from the use of the building and green by the community was substantially reduced while the building was effectively mothballed for many months, and potentially VAT-able activities continue to be below the VAT threshold. The Vision Builders programme for raising funds towards building projects was not pursued although a small amount of funds was still given for this purpose. No significant building projects have taken place during this financial year, however the church did invest in equipment to enable services to be streamed online. Funds were also received from other churches in Cheltenham and surrounds towards the running of the CAP Debt Counselling Centre, which has continued to operate as far as pandemic regulations have allowed. In addition, the Sylvanus Lysons Charity granted the Trust £5,000 towards the work of the CAP Debt Centre, of which £2,500 was received during this year and a further £2,500 will be received in the next year. During the first 6 months of this financial year the church took advantage of the mortgage holiday being offered because of the pandemic, paying the interest only.

Financial Review

The total income for the year was £221,890 and total expenditure on charitable activities amounted to £217,053.

Reserves Policy

The Trustees have examined the Charity’s requirements for reserves taking account of the main risks to the organisation. They have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 2 and 3 months of expenditure. The Trustees consider that this should be £30,000 in general funds. The reserves are needed to meet the working capital requirement of the Charity and the Trustees are confident that at this level they would be able to continue the current activities of the Charity in the event of a significant drop in funding. In the light of the current economic uncertainties the Trustees have allowed the reserves to be held at a higher level until such time as the pandemic has passed. Current income reserves stand at £40,434 plus £72,416 in the deposit account. Of this latter amount £12,048 are designated funds for CAP Debt Centre. The present instantaneous level of reserves available to the Charity is therefore £112,850. The Trustees, whilst recognising that more funds are being held in reserve than normal, consider the current reserves to be at an appropriate level for the present situation.

Governing Document

Christian City Church - Cheltenham is a company limited by guarantee governed by its Memorandum and Articles of Association dated 3 March 2005. It is registered as a charity with the Charity Commission. Members of the charitable company guarantee to contribute amounts not exceeding £10 to the assets of the charitable company in the event of winding up.

CHRISTIAN CITY CHURCH - CHELTENHAM

REPORT OF THE TRUSTEES for the year ended 31st March 2021 ( Continued)

Appointment of Trustees

The trustees keep the composition of the board under review and will seek to appoint additional members with appropriate skills and expertise should the need arise. Interested parties are given details of the background of the charitable company in order to make them aware of current activities.

This report has 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.

This Report was approved by the Board on 13th August 2021

K Allan

………………………………….. Trustee

Cheltenham

CHRISTIAN CITY CHURCH - CHELTENHAM

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES

I report to the trustees on my examination of the accounts of Christian City Church - Cheltenham for the year ended 31[st] March 2021.

Responsibilities and Basis of Report

As the charity’s trustees (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the charitable 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 charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner’s Statement

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:

  1. accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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 view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with 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 (FRS 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.

A P Williams FCCA A J Carter & Co Chartered Accountants

22b High Street Witney Oxon OX28 6RB 17th August 2021

CHRISTIAN CITY CHURCH - CHELTENHAM

5.

STATEMENT OF FINANCIAL ACTIVITIES

(including an income and expenditure account) for the year ended 31st March 2021

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Grants
Total incoming resources
Expenditure on:
Charitable activities
6
Total expenditure
Net income/(expenditure) and net
movement in funds for the year
Transfer between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted Restricted
Total
Funds
Funds
Funds
2021
£
£
£
163,551
3,175
166,726
17,510
20,697
38,207
16,957
-
16,957
-
-
-
198,018
23,872
221,890
207,258
9,795
217,053
207,258
9,795
217,053
(9,240)
14,077
4,837
-
-
-
(9,240)
14,077
4,837
720,974
2,217
723,191
£711,734
£16,294
£728,028		 Total
Funds
2020
£
163,133
20,737
82,138
-
266,008
282,036
282,036
(16,028)
-
(16,028)
739,219
£723,191

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derives from continuing activities.

The notes on pages 7 to 13 form part of these financial statements

Registered in England and Wales: 5382264

CHRISTIAN CITY CHURCH - CHELTENHAM

BALANCE SHEET as at 31st March 2021

Note
Fixed assets
Tangible assets
12
Total fixed assets
Current assets
Debtors
13
Cash at bank and in hand
Total current assets
Liabilities
Creditors falling due within one year
14
Net current assets
Total assets less current liabilities
Creditors:falling due after more than 1 year
15
Provisions for liabilities
Total net assets
16
The funds of the Charity
Restricted income funds
17
Unrestricted income funds
17
Revaluation reserve
Total unrestricted funds
Total charity funds		 2021
£
795,343
795,343
8,635
131,950
140,585
29,201
111,384
906,727
178,699
£728,028
16,294
711,734
-
711,734
£728,028		 2020
£
819,430
819,430
27,609
96,418
124,027
28,246
95,781
915,211
192,020
£723,191
2,217
720,974
-
720,974
£723,191

For the year ended 31st March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors Responsibilities

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the act with respect to the accounting records and the preparation of accounts.

These 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.

These accounts were approved by the board of directors and authorised for issue on: 13th August 2021 and are signed on their behalf by:

K Allan Alison Bates ...................................................... ...................................................... K Allan – Director A Bates – Director

The notes on pages 7 to 13 form part of these financial statements

CHRISTIAN CITY CHURCH - CHELTENHAM

NOTES TO THE ACCOUNTS

for the year ended 31st March 2021

1. Accounting Policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Christian City Church Cheltenham meets the definition of a public benefit entity under FRS 102.

c) Going Concern

The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

d) Income Recognition Policies

Items of income are recognised and included in the accounts when all of the following criteria are met:

Income received in advance of a specific performance or provision of other specified service is deferred until the criteria for income recognition are met.

CHRISTIAN CITY CHURCH - CHELTENHAM

NOTES TO THE ACCOUNTS

for the year ended 31st March 2021 (continued)

Expenditure and Irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Tangible Fixed Assets Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on the straight line basis as follows:

Asset Annual Category Rate Equipment 20% per annum Motor vehicles 33% per annum Buildings 2.5% per annum

Trade and other debtors are recognised at the settlement amounts due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

2. Legal Status of the Charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10.

3. Income from donations

Gifts and donations 2021
£
166,726
£166,726		 2020
£
163,133
£163,133

Of the £166,726 received in 2021 (2020: £163,133) £3,175 was restricted funds (2020: £10,766) and £163,551 (2020: £152,367) unrestricted funds.

CHRISTIAN CITY CHURCH - CHELTENHAM

NOTES TO THE ACCOUNTS

for the year ended 31st March 2021 (continued)

4. Income from charitable activities

Income from charitable activities
Outreach Ministries
C3 Conferences
Youth
CAP
Andy's Journey		 2021
£
19,346
-
329
18,532
-
£38,207		 2020
£
9,960
2,300
1,018
7,459
-
£20,737

Of the £38,207 received in 2021 (2020: £20,737) £20,697 was restricted funds (2020: £9,737) and £17,510 (2020: £11,000) unrestricted funds.

5. Investment Income

Letting Income
Interest Received		 2021
£
16,570
387
£16,957		 2020
£
81,955
183
£82,138

6. Analysis of expenditure on charitable activities

2021 2020
Total Total
£ £
Events and Functions:
Outreach Ministries 4,250 7,288
C3 Conferences - 1,866
Youth 324 1,746
CAP 7,660 6,284
Andy's Journey - -
Pastoral Costs:
Pastoral Support and Salaries 105,245 99,068
Pastoral Travel 19 872
Subscriptions 4,370 4,305
Church Activities 2,985 9,012
Gifts and Ministry Costs 9,600 17,945
Training and Resources - 1,726
Depreciation - Motor Vehicle - -

CHRISTIAN CITY CHURCH - CHELTENHAM

NOTES TO THE ACCOUNTS

for the year ended 31st March 2021 (continued)

Analysis of expenditure on charitable activities (continued)

Establishment Costs:
Rates and Water
Insurance
Heat and Light
Repairs and Cleaning
Mortgage Interest
Depreciation - Freehold Property
Van Running Costs
Office Costs:
Telephone and Internet
Bank Charges
Printing, Stationery and Consumables
Miscellaneous
Legal and Professional
Depreciation - Equipment
Governance costs
Total		 2021
Total
1,962
4,625
7,210
14,783
7,947
27,151
-
2,143
83
5,465
3,206
3,169
3,236
1,620
£217,053		 2020
Total
1,737
4,922
12,270
52,888
8,652
27,151
1,153
1,909
183
7,196
6,421
2,790
3,032
1,620
£282,036

Of the £217,053 expenditure in 2021 (2020: £282,036), £207,258 was charged to unrestricted funds (2020: £245,794) and £9,795 to restricted funds (2020: £36,242).

7. Net income/(expenditure) for the year

This is stated after charging:
Depreciation
Independent examiner's fee		 2021
£
30,387
1,620		 2020
£
30,183
1,620

8. Analysis of staff costs and trustee remuneration and expenses

Salaries and wages
Social security costs
Pension costs		 2021
£
99,223
2,251
3,771
£105,245		 2020
£
91,456
2,996
4,616
£99,068

No employees had emoluments in excess of £60,000 (2020: Nil).

CHRISTIAN CITY CHURCH - CHELTENHAM

NOTES TO THE ACCOUNTS

for the year ended 31st March 2021 (continued)

8. Analysis of staff costs and trustee remuneration and expenses (continued)

During the year the following amounts were paid to the directors (or to related parties):

Mrs A Bates (Director) for pastoral services 30,165 30,165
facilities and bookings
Mr A Parr (Director) manager 21,199 21,198
Mr P Parr (brother of Director) - 789
Mrs D Parr (sister-in-law of Director) administration 5,479 5,479
Mrs S Parr (wife of Director) 14,728 16,410
Mr C Walsh (Director) for pastoral services 8,974 -

The director, Mr J A G Brown, received a small contribution towards his mileage and telephone costs as voluntary CAP Centre Manager totalling £41 (2020: £475), the director Mrs A Bates received £nil (2020: £190) towards mileage costs and Mrs D Parr received £19 towards mileage costs (2020 £nil).

9. Staff numbers

The average monthly number of employees during the year was as follows:

2021 2020
Number Number
7 7

10. Related party transactions

During the year under review trustees and close relatives made unrestricted donations totalling £35,001 (2020: £33,645) and restricted donations totalling £11,757 (2020: £4,559).

11. Corporation tax

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

CHRISTIAN CITY CHURCH - CHELTENHAM

NOTES TO THE ACCOUNTS

for the year ended 31st March 2021 (continued)

12. Tangible fixed assets

Cost:
As at 1 April 2020
Additions
Disposals
As at 31 March 2021
Depreciation:
As at 1 April 2020
Charge for year
On disposals
As at 31 March 2021
Net book value:
As at 31 March 2021
As at 31 March 2020
13.
Debtors
Gift Aid
Trade debtors
Other debtors
14.Creditors: amounts falling due within one year
Mortgage
Accruals
Taxation and social security costs
Other		 Freehold
land and
Motor
buildings
vehicles
£
£
1,086,07
7
3,500
-
-
-
-		 Equipmen
t
£

63,744

6,300
-





Total
£
1,153,321
6,300
-
1,159,621
1,086,07
7
3,500
70,044
269,799
3,500
27,151
-
-
-
60,592

3,236

-		 333,891
30,387
-
296,950
3,500		 63,828 364,278
£789,127
£-
£6,216		 £795,343
£816,278
£-
£3,152		 £819,430
2021
£
2,198
6,437
-
£8,635
2021
£
25,027
1,620
1,769
785
£29,201		 2020
£
13,412
14,197
-
£27,609
2020
£
24,322
1,620
1,494
810
£28,246

CHRISTIAN CITY CHURCH - CHELTENHAM

13.

NOTES TO THE ACCOUNTS

for the year ended 31st March 2021 (continued)

15. Creditors: amounts falling due after more than one year

Creditors: amounts falling due after more than one year
Mortgage (falling due in less than 5 years)
Mortgage (falling due after 5 years)		 2021
£
100,109
78,590
£178,699		 2020
£
97,288
94,732
£192,020

16. Analysis of net assets between funds

Tangible fixed assets
Cash at bank and in hand
Other net current assets/(liabilities)
Creditors of more than one year
Total		 General
Designated
Restricted
Fund
Funds
Funds
Total
£
£
£
£
795,343
-
-
795,343
115,656
-
16,294
131,950
(20,566)
-
-
(20,566)
(178,699)
-
-
(178,699)
£711,734
£-
£16,294
£728,028

17. Analysis of charitable funds

Analysis of movements in restricted funds

Analysis of charitable funds
Analysis of movements in restricted funds
Balance Incoming Resources Funds
01.04.2020 resources expended Transfers 31.03.2021
£ £ £ £ £
Vision Builders
-		 3,175
-		 - 3,175
CAP
1,175		 18,532
(7,659)		 - 12,048
Andy's Journey
-		 -
-		 - -
Hampers
1,042		 2,165
(2,136)		 - 1,071
Total
£2,217		 £23,872
£(9,795)		 £-
£16,294
Analysis of movements in unrestricted funds
Balance Incoming Resources Funds
01.04.2020 resources expended Transfers 31.03.2021
£ £ £ £ £
General fund
720,974		 198,018 (207,258) - 711,734
Total
£720,974		 £198,018 £(207,258) £-
£711,734