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← Christian City Church - Cheltenham

2024-03-31-accounts

CHRISTIAN CITY CHURCH - CHELTENHAM

Accounts – 31st March 2024

CHRISTIAN CITY CHURCH - CHELTENHAM

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

Charity number: 1108838 Company number: 5382264

Accounts – 31st March 2024

INDEX

Registered in England and Wales No: 5382264

CHRISTIAN CITY CHURCH - CHELTENHAM

REPORT OF THE TRUSTEES

for the year ended 31st March 2024

The Trustees are pleased to present their annual report and financial statements of the charitable company for the year ended 31[st] March 2024 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) (issued October 2019).

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 P Tucker J A G Brown C Walsh A Walsh D Oliver C Rees T Jackson (appointed 5[th] October 2024)

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

The church met regularly throughout the year, both on Sundays and during the week for various activities serving groups within the church and the local community.

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 and Youth for Christ. Support was also given to United Christian Broadcasting.

CHRISTIAN CITY CHURCH - CHELTENHAM

REPORT OF THE TRUSTEES

for the year ended 31st March 2024 ( Continued)

Financial Review

The total income for the year was £361,955 and total expenditure on charitable activities amounted to £356,449.

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, 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.

Income from the use of the building and green by the community has risen significantly from £104,598 in 2023 to £121,974 in 2024. Potentially VAT-able activities continue to be below the VAT threshold. The church continues to run its Vision Builders programme of designated giving for the outworking of its vision, funds are currently being saved for a number of refurbishment projects. £31,835 was spent in this year. Funds were also received from other churches in Cheltenham and surrounds towards the running of the CAP Debt Counselling Centre.

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. Current income reserves stand at £30,258 plus £41,560 in the deposit account. With restricted funds held of £35,840, the present instantaneous level of reserves available to the Charity is therefore £35,978. The Trustees therefore consider the current reserves to be at a suitable level.

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.

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: 17th December 2024

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 31st March 2024.

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

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants.

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

19th December 2024

CHRISTIAN CITY CHURCH - CHELTENHAM

4.

STATEMENT OF FINANCIAL ACTIVITIES

(including an income and expenditure account) for the year ended 31st March 2024

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
2024
£
£
£
193,181
7,363
200,544
10,859
26,533
37,392
124,019
-
124,019
-
-
-
328,059
33,896
361,955
301,105
55,344
356,449
301,105
55,344
356,449
26,954
(21,448)
5,506
(23,728)
23,728
-
3,226
2,280
5,506
738,228
33,560
771,788
£741,454
£35,840
£777,294		 Total
Funds
2023
£
181,896
54,623
105,107
-
341,626
297,969
297,969
43,657
-
43,657
728,131
£771,788

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 2024

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		 2024
£
709,410
709,410
46,259
144,456
190,715
37,173
153,542
862,952
85,658
£777,294
35,840
741,454
-
741,454
£777,294		 2023
£
738,058
738,058
28,400
159,977
188,377
32,010
156,367
894,425
122,637
£771,788
33,560
738,228
-
738,228
£771,788

For the year ended 31st March 2024 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: 17th December 2024 and are signed on their behalf by:

K Allen C Walsh ...................................................... ...................................................... Director 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 2024

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:

a) Basis of Preparation

The Financial Statements have been prepared in accordance with 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 102)) (issued in October 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

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

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 2024 (continued)

Expenditure and Irrecoverable VAT

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

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:

estimated useful economic lives on
Asset Annual
Category Rate
Equipment 20% per annum
Motor vehicles 33% per annum
Buildings 2.5% per annum

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised in income when the items are sold.

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.

Creditors and Provisions

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 2024
£
200,544
£200,544		 2023
£
181,896
£181,896

Of the £200,544 received in 2024 (2023: £181,896) £7,363 was restricted funds (2023: £6,877) and £193,181 (2023: £175,019) unrestricted funds.

CHRISTIAN CITY CHURCH – CHELTENHAM

NOTES TO THE ACCOUNTS

for the year ended 31st March 2024 (continued)

4. Income from charitable activities

Outreach Ministries
C3 Conferences
Youth
CAP
Andy's Journey		 2024
11,877
235
500
24,685
95
£37,392		 2023
£
4,318
332
484
49,489
-
£54,623

Of the £37,392 received in 2024 (2023: £54,623) £26,533 was restricted funds (2023: £51,430) and £10,859 (2023: £3,193) unrestricted funds.

5. Investment Income

Letting Income
Interest Received		 2024
£
121,974
2,045
£124,019		 2023
£
104,598
509
£105,107

6. Analysis of expenditure on charitable activities

2024 2023
Total Total
£ £
Events and Functions:
Outreach Ministries 13,714 6,593
C3 Conferences 779 693
Youth 1,334 1,123
CAP 20,666 8,745
Andy's Journey - -
Pastoral Costs:
Pastoral Support and Salaries 143,294 134,479
Pastoral Travel 498 529
Subscriptions 5,833 4,268
Church Activities 12,199 11,051
Gifts and Ministry Costs 8,729 21,080
Training and Resources 3,089 5,534

CHRISTIAN CITY CHURCH - CHELTENHAM

NOTES TO THE ACCOUNTS

for the year ended 31st March 2024 (continued)

6. Analysis of expenditure on charitable activities (continued)

Establishment Costs:
Rates and Water
Insurance
Heat and Light
Repairs and Cleaning
Mortgage Interest
Depreciation - Freehold Property
Office Costs:
Telephone and Internet
Bank Charges
Printing, Stationery and Consumables
Miscellaneous
Legal and Professional
Depreciation - Equipment
Governance costs
Total		 2024
Total
£
1,158
5,287
26,946
55,579
8,959
27,151
2,170
214
9,964
2,945
2,674
1,497
1,770
£356,449		 2023
Total
£
1,555
5,168
12,646
30,371
7,064
27,151
2,109
228
10,572
1,380
2,165
1,755
1,710
£297,969

Of the £356,449 expenditure in 2024 (2023: £297,969), £301,105 was charged to unrestricted funds (2023: £2268,185) and £55,344 to restricted funds (2023: £29,784).

7. Net income/(expenditure) for the year

This is stated after charging:
Depreciation
Independent examiner's fee
Analysis of staff costs and trustee remuneration and expenses
Salaries and wages
Social security costs
Pension costs		 2024
£
28,648
1,770
2024
£
148,323
5,361
5,560
£159,244		 2023
£
28,906
1,710
2023
£
124,306
3,565
6,608
£134,479

8. Analysis of staff costs and trustee remuneration and expenses

No employees had emoluments in excess of £60,000 (2023: Nil).

CHRISTIAN CITY CHURCH - CHELTENHAM

NOTES TO THE ACCOUNTS

for the year ended 31st March 2024 (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):

2024 2023
£ £
Mr A Parr (Director) facilities and bookings manager 25,401 23,520
Mrs D Parr (sister-in-law of Director) administration 6,587 6,099
Mrs S Parr (wife of Director) 18,497 16,761
Mr C Walsh (Director) for pastoral services 40,668 32,774
Mrs A Walsh (wife of Director) 22,593 20,919

No expenses were paid to any of the directors during the year.

9. Staff numbers

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

2024 2023
Number Number
9 8

10. Related party transactions

During the year under review trustees and close relatives made unrestricted donations totalling £49,473 (2023 £33,579) and restricted donations totalling £nil (2023 £535).

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 2024 (continued)

12. Tangible fixed assets

Freehold
land and
Motor
buildings
vehicles
£
£
Cost:
As at 1 April 2023
1,086,077
3,500
Additions
-
-
Disposals
-
-
As at 31 March 2024
1,086,077
3,500
Depreciation:
As at 1 April 2023
351,252
3,500
Charge for year
27,151
-
On disposals
-
-
As at 31 March 2024
378,403
3,500
Net book value:
As at 31 March 2024
£707,674
£-
As at 31 March 2023
£734,825
£-
Debtors
Gift Aid
Trade debtors
Other debtors
Creditors: amounts falling due within one year
Mortgage
Accruals
Taxation and social security costs
Other		 Freehold
land and
Motor
buildings
vehicles
£
£
1,086,077
3,500
-
-
-
-		 Equipment
£
71,222
-
-
71,222
67,989
1,497
-
69,486
£1,736
£3,233
2024
£
11,636
34,623
-
£46,259
2024
£
32,313
1,770
2,308
782
£37,173		 Total
£
1,160,799
-
-
1,086,077
3,500		 1,160,799
351,252
3,500
27,151
-
-
-		 422,741
28,648
-
378,403
3,500		 451,389
£707,674
£-		 £709,410
£734,825
£-		 £738,058
2023
£
9,031
19,369
-
£28,400
2023
£
27,647
1,710
1,994
659
£32,010

13. Debtors

14. Creditors: amounts falling due within one year

CHRISTIAN CITY CHURCH - CHELTENHAM

NOTES TO THE ACCOUNTS

for the year ended 31st March 2024 (continued)

  1. Creditors: amounts falling due after more than one year
Mortgage (falling due in less than 5 years)
Mortgage (falling due after 5 years)		 2024
£
85,658
-
£85,658		 2023
£
110,590
12,047
£122,637
  1. 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
£
£
£
£
709,410
-
-
709,410
108,616
-
35,840
144,456
9,086
-
-
9,086
(85,658)
-
-
(85,658)
£741,454
£-
£35,840
£777,294
  1. Analysis of charitable funds

Analysis of movements in restricted funds

Vision Builders
CAP
Andy's Journey
Hampers
Total		 Balance
Incoming
Resources
Funds
01.04.2023
resources
expended
Transfers
31.03.2024
£
£
£
£
£
1,197
7,363
(31,835)
23,275
-
31,706
24,685
(20,666)
-
35,725
20
95
-
-
115
637
1,753
(2,843)
453
-
£33,560
£33,896
£(55,344)
£23,728
£35,840

Analysis of movements in unrestricted funds

General fund
Total		 Balance
Incoming
Resources
Funds
01.04.2023
resources
expended
Transfers
31.03.2024
£
£
£
£
£
738,228
328,059
(301,105)
(23,728)
741,454
£738,228
£328,059£(301,105)£(23,728)
£741,454