CHRISTIAN CITY CHURCH. CHELTENHAM (A company limited by guarantee and not having a share eapital) Charity number: 1108838 Company number: 5382264 Accounts - 31 st March 2025 llYDEX Report of the Trustees and General Inforniation Independent Examiner's Report to the,Trustees Statement of Financial Activities Balance Sheet 6-12. Notes to the A¢counts *AECBZPMX' 0211012025 COMPANIES HOUSE A05
22
Registered in England and Wales No: 5382264 CHRISTIAN CITY CHURCH. CHELTENEL4M REPORT OF THE TRUSTEES for the year ended 31st March 2025 The Trustees are pleased to present their annual report and financial statements of the charitable company for the year ended 3151 March 2025 which are also prepared to meet the r¢quir¢ments for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 201 I, 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 OITice: The Pavilion Hatherley Lane Cheltenham GL516PN Trustees The Trust¢¢s of th¢ charitable company (the charity) are its Directors for the purposes of charity law. The Trustees and offjcers who served during the year and since the year end were a5 follows: K Allan (Chaimian) A Parr P Tucker JAGBrown C Walsh A Walsh D Oliver C Rees T Jackson (appointed 5th October 2024) Objects and Activitie8 The main objects of the charity are: a) The advancement of the Christian faith b) To relieve persons in conditions of need or hardship or who are aged or sick ¢) To provide facilities for recreation and leisure occupation in the interests of social welfare. 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 advancerncnt of religion. Achievements and Performance The church met regularly throughout th¢ 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 2025 (Continued) FinaDCiAI Review The total income for the year was £379,953 and total expenditure on charitable activities amounted to £368,237. 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 chureh 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 £121,974 in 2024 to £166.972 in 2025. Potentially VAT-able activities continue to be below the VAT thShOld. 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. £6,169 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 exp¢nditure. The Trustees consider that this should be £60,000 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 abl¢ to continue the current activities of the Charity in the event of a significant drop in funding. Current income reserves stand at £60,588 plus £41,966 in the deposit account. With restricted funds held of £20,532 the present instantaneous level of reserves available to the Charity is therefore £82,022. The Trust<¢.s th¢r¢fore consid¢r 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 ¢xceeding £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 wiih the special provisions relating to companies subject to the Small Cornpanies Regime within part 15 of the Companies Act 2006. This Report was approved by the Board on: .. K Allan - Trustee Cheltenham
CIIRISTIAN CITY CHURCH. CHELTENHAM INDEPENDENT EXAMtNER'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 2025. Responsibililies 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 aecounts in accordance with the requirements of the Companies Act 2006 ('%he 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 sextion 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 201 l Act. I confirni that l am qualified to undertake th¢ Cxamination b¢cause l am a member of the Association of Chartered Certified Accountants. I have completed my examination. I confirni that no matters hav¢ come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the charitabl¢ company as required by section 386 of the 2006 Act; or 2. 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 th¢ 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 Limited Chartered Certified Accountant) 22b High Street Witney Oxon OX28 6RB . 2025
CHIUSTIAN CITY CHURCH- CHELTENHAM STATEMENT OF FINANCIAL ACTIVITIES (including an income and expenditure accounl) for the year ended 31st March 2025 Note Unrestricted Restricted Funds Funds Total Funds 2025 Total Funds 2024 Income from: Donations and legacies Charitable activities Investments Grants Total incoming resourees 184,720 11,928 169,457 2,122 11,726 186.842 23.654 169,457 200,544 37,392 124,019 366 105 379 953 361955 Expendllure on: Charitable activities Total expenditure 334 347 334 347 368 237 368 237 356 449 356 449 Net incomel(expenditure) and net movement in funds for the year 31,758 (20,042) 11,716 5,506 Transfer between funds Net moi'ement in funds 27,024 (15,308) 11,716 5,506 Reconciliation of funds Total funds brought forward Total funds earried forward 741454 777 294 771788 £777 294 £768 478 £20 532 £789 010 The statement of finaiicial 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 fomi part of these financial statements
Registered in England and Wales: 5382264 CHRISTIAN CITY CHURCH. CHELTENHAM BALANCE SHEET as at 31st March 202S Note 2025 2024 Fixed assets Tangible assets 12 682,482 709,410 Total fixed assets 682 482 709 410 Current a8$et$ Debtors Cash at bank and in hand Totsl current assets 13 49.522 156 353 205,875 46.259 144 456 190,715 Liabililies Creditors falling due within one year Net current assels Total assets less current liabilities 14 184279 866,761 153 542 862,952 Creditors: falling due after more than l year Provisions for liabilities 15 77,751 85,658 Total net assets 16 £789 010 £777 294 The funds of the ChArity R¢stricted incom¢ funds Unrestricted income funds Reiialuation reserve Total unrestricted funds Total charity funds 17 17 768,478 741,454 768 478 £789 010 741454 £777 294 For the year ended 31 st March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relatin8 to small compani¢s. Director8 Responsibilities The members have not required the Company to obtain an audlt of its accounts for the year in question in accordance with tIOn 476. and The directors acknowledg¢ their responsibilities for.complying with the requirements of the act with respect to the a¢¢.ountino 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: 2025 and are signed on their behalf by: Director C Walsh - Director The notes on pages 7 to 13 fom) part of these financial statements
CHRISTIAIY CITY CHURCH. CHELTENHAM NOTES TO THE ACCOUNTS for the year ended 31st March 2025 Accounting Policles 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 SLqndard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Rcporting Standard appllcable 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 valu¢ unless oiherwise stated in the relevant accounting policy notes. b) Public Benefit Entity Christian City Church Cheltenham meets the definition of a public b¢n¢fit entity under FRS 102. c) Golng 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: The charity has entitlement to the funds; any performance conditions attached to the items of income have been met or are fully within the control of the charity; there is sufficient certainty that receipt of the income is considered probable: and the amount can be measured reliably. Income received in advance of a spexific performance or provision of other specified servi¢¢ is deferred until the criteria for income recognition are met. e) Interest Receivable Interest on funds held on deposit is included when receivabl¢ and the amount can be measured reliably by the Charity. this is norn)ally upon notification of the interest paid or payable by the bank. fj Fund Accounting Unrestricted funds are available to spend on activities that further any of the purposes of the Charity. Designated funds are unrestricted funds of the Charity which the truste¢s have decidcd at their discretion to set aside to us¢ for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for the particular areas of the Charity's work or for specific projects being undertaken by the Charity.
CHRISTIAN CITY CHLtRCH . CHELTENHAM NOTES TO THE ACCOUNTS for the year ended 31st March 2025 (continued) g) Expenditure and Irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. it is probable that settlement will be required and the amount of the obligation Vdn be measur¢d reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. h) Tangible Fixed A$yets Individual fixed assets costing £ 1.000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on the straight line basis as follows: A$sel Category Equipment Motor vehicles Buildings Annual Rate 200/0 per annum 330/0 per annum 2.50/0 per annum i) Stock Stock is included at the lower of cosl or net r¢alisable valu¢. Donated items of stock are recognised in income when the items are sold. i) Debtors Trade and other debtors are recognised at the settlement amounts du¢ after any irade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due. k) Csgh gt Bank and in Hand Cash at bank and cash in hand includes cash and short-terni highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. i) Creditors and Provisions Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to s¢ttle the obligation can be measured or estimated reliably. Creditors and provisions are nomlally recognis¢d at their s¢ttl¢ment amount after allowing for any trade discounts due. 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 ivinding up is limited to £10. Income from donatfions 2025 2024 Gifts. and donations 186842 £186,842 200 544 £200,544 Of the £186,842 received in 2025 (2024: £200,544) £2,122 was restricted funds (2024: £7,363) and £184,720 (2024: £193,181) unrestricted funds.
CHRISTIAN CITY CHURCH- CHELTENHAM NOTES TO THE ACCOUNTS for the year ended 31st March 2025 (continued) 4. Ineome from charitable aetivilies 2025 2024 Outreach Ministries C3 Conferences Youth CAP Andy's Journey 13,865 469 58 9,262 11,877 235 500 24,685 95 £37,392 £23,654 Of the £23.654 received in 2025 (2024: £37.392) £11,726 was restricted funds (2024: £26,533) and £11.928 (2024: £10.859) unirstricted funds. Investment Income 2025 2024 Letting Income Interest Received 166,972 121,974 £169 457 £124 019 Analysis of expenditure on tharitable activities 2025 Total 2024 Total Events and Functions: Outrcach Ministries C3 Conferences Youth CAP Andy's Journey 11.862 997 727 24,549 21 13,7J4 779 1,334 20,666 Pastoral Costs: Pastoral Support and Salaries Pastoral Travel Subscriptions Church Activities Gifts and Ministry Costs Training and Resources 165.749 839 6,131 13,328 9,647 3,561 143,294 498 5.833 12.199 8,729 3,089
CHRISTIAN CITY CHURCH. CHELTENHAM NOTES TO THE ACCOUNTS for the year ended 31st March 2025 (continued) Analysis of expenditure on charitable activities - continued 2025 Total 2024 Total Establishment Costs: Rates and Water Insurance Heat and Light Repairs and Cleaning Mortgage Interest Dcprcciation - Freehold Property Ol¢e Costs: Telephone and Internet Bank Charges Printing, Stationery and Consumables Miscellaneous Legal and Professional Depreciation - Equipment 2,514 5,818 34,807 29,685 7,795 27,151 1,158 5,287 26,946 55.579 8,959 27,151 1.890 153 2.170 214 7.776 2,148 7,362 1,927 9,964 2.945 2,674 1,497 Governance costs Total £368 237 £356 449 Of the £368.237 expenditure in 2025 (2024.. £356,449), £334,347 was charged to unrestricted funds (2024: £301.105) and £33,890 to restricted funds (2024: £55,344). 7. Net Incomel(expenditure) for the year 2025 2024 This is staled after charging.. Depreciation Independent examiner's fee 29,078 1,800 28,648 Analysis of stsff costs and trustee remuneration and expenses 2025 2024 Salaries and wages Social security Costs Pension costs 167.146 7,688 148.323 5.361 £181369 £159 244 No Employees had emoluments in excess of £60,000 (2024: Nil)
CHRISTIAN CITY CHURCH- CHELTEIYHAM 10. NOTES TO THE ACCOUNTS for the year ended 31st March 2025 {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): 2025 2024 Mr A Parr (Dir¢¢tor) faciliti¢s and bookings manager 26,417 25,401 Mrs D Parr (sister-in-law of Director) administration 6,850 6,587 Mrs S Parr (wife of Director) 19,877 18,497 Mr C Walsh (Director) for pastoral services 42,293 40,668 Mrs A Walsh (wife of Director) 32.895 22.593 No ¢xp¢ns¢s were paid to any of the directors during the year. Staff numbers The average monthly number of employees during the year was as follows: 2025 Number 2024 Number l O. Related party transactions During the year under review trustees and clos¢ r¢lativ¢s made unrestricted donations totslling £39,270 {2024 £49,473) and restricted donations totalling £nil (2024 £nil). I l. 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 tbe year ended 31st March 2025 (continued) 12. Tangible fixed assets Freehold land and buildings Motor vehicles Total Equipment Cost: As at l April 2024 Additions Disposals As at 31 March 2025 1,086,077 3,500 71.222 2.150 1.160.799 2.150 1086 077 1 162 949 Depreciation: As at l April 2024 Charge for year On disposals As at 31 March 2025 378,403 27.151 3,500 69.486 1,927 451.389 29,078 405 554 480 467 Net book value: As at 31 March 2025 £680 523 £682 482 As at 31 March 2024 £707 674 £709 410 13. Debtors 2025 2024 Gift Aid Trade debtors Other debtors 2,200 47,322 11.636 34,623 £49,522 £46 259 14. Creditor8: amounts falling due within one year 2025 2024 Mortgage Accruals Taxation and social security costs Other 15,348 1,800 2,692 1,756 £21,596 32,313 1,770 2,308 782 £37 173
CHIUSTIAN CITY CHURCH- CHELTENHAM 12. NOTES TO THE ACCOUNTS for the year ended 31st March 2025 (continued) 15. Creditors: amounts falling due after more than one year 2025 2024 Mortgage (falling due in less than 5 years) Mortgage (falling due after 5 years) 77,751 85,658 £77,751 £85 658 16. Analysis of net A$$ets between funds General Fund Designated Restricted Funds Funds Total Tangible fixed assets Cash at bank and in hand Other net current assets/(liabilities) Creditors of more than one year TotAI 682.482 135,821 27,926 682,482 156,353 27,926 20.532 £768 478 £20 532 £789 010 17. Analysis of charitable fund$ Analysis of movements in restricted funds Balance 01.04.2024 Incoming Resources resources expended Transfers Funds 31.03.2025 Vision Builders CAP Andy's Journey Hampers Total 2,122 9,262 {6.169) (24.549) (21) 4,047 35,725 20,438 94 687 £35 840 £13 848 £ £20 532 Analysis of movements in unrestricted funds Balance 01.04.2024 Incoming Resources resources expended Transfers Funds 31.03.2025 General fund 741,454 366,105 (334,347) (4,734) 768,478 Total £741,454 £366 105 £ 334 347 4,734 £768 478