SUTTON CHRISTIAN CENTRE TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
SUTTON CHRISTIAN CENTRE TRUST LEGAL, ADMINISTRATIVE AND PROFESSIONAL INFORMATION Board Antony Horswood Mike Ikwuemesi Richard Langley Seyi Obakin Company Secretary -Seyi Obakiii Church Administrator Allison Marsh Registered Office 25 Tate Ro<)d .%utton, Surrey SMI 2SY Reg15tration detalls Registered (.'harity No- 1115813 Conip¢iny Registration No - 5878906 Solicitors HD14 1)itiiians LLP One Bartholomew Close Londoii F.CIA 7BL Bankers Metru Elank 83-87 Iligh Street sutton SurreySMI IIF Saiitander Business Banking N<ltional House 301 St Vincent Street Glasgow G2 5NT Lloyd TSB Bank plc 49 High Street Siitton SMI IDX Kingdom Bank Ruddington Fields Bu5ine55 Park Mere Way. Ruddington Nottinghaiii NGI 16IS Independent Examiners 111cob Caveiiagh & Skeet 5 Robin Hood Lane Sutton Surrey SMI 2SW Contents Report of the Directors Independent Examiners, Report Statement of Financial Activities Balance Sheet Notes to the Accounts Page io 11-17
SUTTON CHRISTIAN CENTRE TRUST REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 OCTOBER 2023 The Directors. who are also trustees of the charity, present their annual report and the financial statements for the year ended 31 Ortober 2023, which comply with current statutory and aLcounting requii'ements. About Sutton Christian Centre Trust and its principal activities Sutton Chi-istidn Centre Tru.st is a registered cliarity legally organised in the form of a company liniited by guarantee and governed by its Articles of Associatioii. The Board of Trustees are the members of the company and their liability in the event of the company being wound up 15 limited to £1 each. The company was incorporated on 17 july 2006 to take over the activities of Sutton Christian Centre Trust. a registered charity created by a trust deed dated 31 December 1985. The company became a registered charity (Charity Nun)ber l 115813) in England and Wale5 on 15 August 2006, it5 overall purpose being to proclaim the gospel of lesus Christ. Its charitable objectives are to advance the Christian faith in the United Kingdom or overseas. to furthei. religious or secular education, to give relief to the poor and needy. and to help and comfort the sick and aged. 'I'he Directors seek to achieve the company's cl)aritable objectives by maintaining a ceiitre of wurship and fellowship, by regularly nieeting for fellowship arid prayer, by the baptising of believers by total imniersion, by tl)e dedication of infants and by the solemni8ation of i)iarriages. We run Sunday meetings where we preach the gospel, teach from the Bible and pl-ay. The Chlirch is split into small groiips for pastoriil care. we provide a wide range of activities foi- childreii aiid young adults dIid we reach out to Sutton's elderly through our ROSE ministries a coordiiiated ministry witl) <1 specific vision to reach the elderly in our community for Christ. We host other activities to which all in our community are welcome. Governance Tl)e Company is controlled by a Board of Directors who also serve as trustees of the Charity. Tl)e Directors sel out the vision, directioii and strategies for tlie siicce55ful fiilfilment of the conipiny. piirposes and coiitinuing development. They are volunteers and do not receive aiiy reii)ui)ei'atioii for tlieir service.'fhe current menibership of the Board is set out in the Legal, Adn)inistrative and Professional I nformation page of these financial statements. New Directors are appointed by the existing Directora. The Directors i-eceive training by l)olding regular accountability sessions witli our apostolic cover, Ray Djan, and holding Away Days. The Dirertors are supported in their role by a Board of Deacons who oversee the day-to-day administration of the Company and ensure that the policies set out by the l)irectors are implemented. Deacons are elected by the church members to serve a tertn of two years each and can be re-elected. They do not receive any remuneration for their service. Grant making pollcy The recipients of grants are usually organi5ations or individuals knowii to churcli nietnbers and grants given are approved by Directors and/or Deacons. The amounts earmarked to be given but not yet passed over to recipients at the year-end are set aside iii the reserve5. Investment powers and policy Directors liave poNvers to invest surplu5 funds at their absolute discretion. Funds in excess of our day to day needs are held in bank deposits with UK banks. The Directors believe thi5 represents the best balance of good returns, good service and a safe place to keep our money. Risk a5ses5ment The Directors examine regularly the major ri5k5 facing the conipany and ensure that Systems are established to enable the necessary steps to be taken to lessen these risks.
surroN CHRISTIAN CENTRE TRUST REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 OCTOBER 2023 Review of the Year This year we continued to hold our services in the church building, and we recorded Services and streamed them on YouTube. This helped niany people who could not attend or preferred to stay at home duriiig this period, and it also enabled us to reacli people who do not normally atteiid Siittoi) Christian Centre. We continued to articulate our vision using our mission which is: To be a loving family church. where people of all ages. races. cultures. abilities. and backgroiinds cali experience the love of lesu.s, be transformed by His word, discovei- their calling, aiid loviiigly serve and connect others to Christ. In 2023, for the first half of the year our Sunday morning teaching 15 digging deeper into the church that God wants us to be. We looked at this through the six lenses of a biblical church; a worshipping church,. a caring church,. a serving church,. a Holy Spirit church: and an expectant church. In practical terms thi5 15 shown up strongly through our small groups, called Connect GroLtps. who niet together regularly, primarily via zoom, arid who contacted and Iielped people in their groups. Ruiii)ing the n)eetings via Zoom appel£ rs to have enabled more people to attend and some groiips increased the number of meetings that they had. These groups are vital and contii)ue to play a particiilarly important role in chLirch life. It is where strong relationsl)ips are biiilt, prayer iieeds are met, people grow and develop. The leaders of these groups are essential to the health of tl)e cliurch, liiid we thank theni for their service and dedication. Pl'ayer is <ln esseiitial element of any cl)urch. There is a lot nf prayer through the Connect CJroiii)s, the Wednesday prayer nieetiiig and we have a prayer chain where we can get prayer reque.st out the everyoiie in the church very qiiickly. We have a moi)thly churcl) prayer meetii)g in addition. Anotlier group which has really flourished is the ladies, tneetings. The meetii)gs h<lVL, bcen incrc'dibly positive with ladies bLbing blessed and greatly encoiiraged. Last April the ladies organized a conference called REFRESH. It was a wonderful day with many feeling the presence of God during the day. The cliildren'5 and youth meetings have moved to face-to-face meetings, which helps all the age groups. The local scliool no longer allows us to Use their premises on Sunday morning so there is a real squeeze to get the creche, beginners, Kings Club, and the youth on the preinises at the same tin)e. Despite these dI]cLI1t1eS much care and nurturing has taken place thruugh the dedicate(I teams. The youth attended DTI (Dream The Impossible) youth camp during the summer holidays. It proved to be a wonderful success with testimony after testimony from the youth who weiit. Five of them made decisions to accept the Lord as their Saviour. Two have now been baptised in water by total immersion. Thankyou to all the leaders and helpers who took part in DTI. After our DTI Lamp, Chris Hickson, who had stood in the gap with real dedication and skill decided that the time had come for him to lay down the leadership. We thank Chris for all the work that he did while leading our youth. We have john Blay taking over the leadership of the group. employed on a part-time basis. Johii has a calling on his life to work with the youth. The church continues to give 10 % of its income to missions and also has a fund to help t1105e in need. One of the charities we give to in India has helped thousands of children and adults and we rejoice in God's goodness and pray for a continued blessing on all involved in this work.
SUTTON CHRISTIAN CENTRE TRUST REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 ocfoBER 2023 At Christmas, a special offering was taken as usual. and the tnoney was given to those who needed help. I'liis was organized by our deacons. and wo thank them for their service. We thank especially lan NiLho150n who served as a deacon for many years and led the group. lan has now stepped dowii but otfers her help as it is requested. The church has a wonderful and dedicated group of leaders and staff, and this year, the role of those who broadcast our services have been especially crucial. We sincerely thank each one for all that they do. We are also blessed to have Ray Djan as our covering apostle, supporting and guiding the elder5. and we thank him for his service. As tlie year progressed, we were able to give many the opportunity to speak or lead during our Sunday morning services. There is so niuch talent and ability. We will contiiiue this policy of givii)g people opportunities and marvel that God has brought tliese people with such gift5 to us. The chiirch also h35 a great worship team and worship is a strong part of oiir ciilture. These dedicated people give tlieir time and talent to us week after week, leading us again and again into God's presence. The church has been kiiown for many years as thc church tliat goes to elderly folks. homes which we did for nearly 50 years and saw l OO'S make a decision to accept jesus as their Loi-d aiid Saviuur. C.OVID meant that we could no loiiger visit the homes. but we are so pleased thclt Mercia Macdonald has taken the challenge and now three homes have visits and services. During the financial year some associated with Sutton Christian Centre went to be with their Lord and Savioiir. Les Wileman was one of those. Les was for some years the churcli odiniiiistrator aiid he alsn wa.s leader of our work among the elderly, and, in that role, he headed a cliurch Ilieeting for the elderly, visited l)ome5, becanie chaplain to sorne homes. and niany people were blessed by Les visiting them. Ile siiffered some ill.healtli, but he coiilinued to visit and testify to people aiid won many to jesus Clirist. Les shone out as a dedicated Christian giving his all for the Lord. A spleiidid example to us all. Well done thou good and faithful servant Derek Belcher was another who went to be with the Lord in November 2022. It is doiibtful that tlie church would have existed without Derek's input, Particularly when the church was siiiall. He led the church to employ George Parrott as our pastor aiid together they led the chvrcl) to go froill around 20 to 120 people and later he continued as an elder through time of Alan130tt as our pastor. Steve Cross who had been the leader of the church intercession and our Encouiiter with God nieeting passed away in january 23. With his wife Lynne he had moved to the south coast biit contiiiued to be heavily involved witli our church. Steve was a tretnendous blessing to us. Iris Sheridan who was a church member for many years also passed away. Iris was a stroiig Christian and a fervent evangelist. We have four people trained in the Christians Against Poverty [CAP) system and we ran seminars and provided personal practical help especially useful during a time of national cost of living pressures. We are running this course through some of our Connect Groups. Thank you to Anne Page and the team. We have Table Tennis. Shape. Tots and All. as activities taking place at the church midweek and we have people who are street pastors and some who help with the food bank We started a tkew meeting called Cornerstone which is specifically aimed at adults with learning difficulties. This meetin& which takes place on the second Siinday of each month. is meeting a real need and those who attend are very blessed. During the year, the nieeting went from strength to strength.
SUTTON CHRISTIAN CENTRE TRUST REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 OCTOBER 2023 Our premises are used by Age UK and Through the Roof 35 a hall for training and staff nieetings and also as a votiTig centre for various elections. We are blessed to have Ric and Allison as staff. We thaiik thein for all that they do often going "far beyond." Finally, we are looking fomiard tu celebrating our 125 years anniversary throughout this new year. Public Benefit Sutton Christian Cerktre has a strong belief that we should benefit the community and that we are comn)unity minded. The trustees have liad regard to the Charity Comniission's guidaiice on public benefit when considering their activities. Some of the activitie5 tlii5 financial year whicli are of direct benefit are.. Our premises are used to host a weekly table tennis session to which everyone is welcome. We run a youth club. We visit several elderly folk's honie5 and act as Chaplain to some. We belong to Sutton LinK partnersl)ip which looks at health issues in Sutton. We donate to the Sutton foodbank schenie. We encourageour membersto beactive in thecommunity from school governors tothose wlio help local goveri)ment. We help dnd doiiate to other charities. We run a cliildreii and ii)um's gi'oup tl)at is open to the entire community. Flnanclal revlew and reserves At tl)e ei)d of tliis fiiiaiicial year, unrestricted funds amounted to £999,989 of which £234,389 is freely dvailable and E765,600 is invested in fixed assets, including the church building at Tate Road. Tlie building was pi'ofes5ionally re-valued at £700,000 in October 2007 aiid this was treated as deeined cost on transitioi? to FRS 102. Restricted fund5 include £90,572 doiiated tuwar(Is the developiiient of the church building in due course. In order to ensure that the trust can continiie to operate effectively shoiild it experience a significant drop in inconie, it must hold reserves at a level that the Directoi's consider to be sufficient. The Directors adopt a risk-based approach to deterinining the minimum reserves tl)at would be reqiiired to sustain the charity over twelve months. Thus, eaLh line of income and expenditlire budget was risk-adjusted, resulting in a need to hold a minin)uni of £61,068 iii fl-ee reserve. Based on the budget for 2023124, this is equivaleiit to around 16.6 weeks of expenditure. However, addilional reserves are needed to replace fixed assets at the appropriate tinie and the Directors WOLild like to gradually build up i-eserves to enable the charity to purchase a new building or redevelop Tate Road. Statements of DSrertors' Responsibilities 'I'lie directors {Ivlio are also ti'ustee% of sutton Christian Centre Trust for the purposes of company law) are responsible for preparing the Directors. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law require5 the directors to prepare financial statements for each financial year which give5 a true and fair view of the state of afF3irs ol the charitable company and of the income and expenditure of the charitable company for that period. In preparing those financial statements, the Directors 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
SUTTON CHRISTIAN CENTRE TRUST REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 OCTOBER 2023 departures disclosed and explained in the financial statements: prepare tl)e finai)cial stateinents on the going concern basis unless it is inappropi-iate to presume that the charitable company will continue in business. The Directors are responsible for keeping proper accountin8 records which disclose with reasonable acciiracy at any time the finaiicial position of the charitable coinpany and enable them to ensLire that the financial statements comply with tlie Coinpanies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detertion of fraud and other irregularities. 'rhe directors are responsible for the maiiitenance and integrity of the corporate and financial informatiun included in the charitcible company's website. Legislation in tlic United Kii)gdom governing the preparation and di5semiiiation of financial statements iiiay differ froin legislation in other jurisdictions. This report has been prep<?red in accordance with the special provisions relating to small companies within Part 15 of tlie Companies Act 2006. App ved by the Board on and signed on its behalf by: Ai)toi)y Horswood
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SUTTON CHRISTIAN CENTRE TRUST FOR THE YEAR ENDED 31 OCTOBER 2023 I report to the cliarity trustees on my examination of the accounts of the Company for the year ended 31 October 2023 setout on pages 9 to 17. Responsibilities and basis of report As the charity's trustees (and also its dirertors for the purposes of cotnpany law) YOL) 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 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 niy exaniination of your charity's accounts as carried out linder section 145 of the Cl)arites Act 2011 ['the 2011 Act.). In carrying out niy examination I have followed the directions given by the Cl)arity Commission under section 14.5(5)(b) oltlie 2011 Act. Independent examiner'5 Statement I l)ave completed my examination. I Confirm that no matter5 have come to my attention in coniiectioii with tlle examiilation giving me cause to believe- accoiii)tiiig records were not kept in respect of the Company as required by section 386 of the 2006 Act., or tlie accounts do not accord with those records; or the ciccounts do not comply witli the accounting requirements of 5ectioii 396 oftlie 2006 Act other than any reqiiirenient tliat the accounts give a 'ti'ue ai)d fair view, which is iiot a Iiiatter considered as part of ali independent examination,. or tlie accounts have not been prepared in accordance with the niethods and principles ol. Accounting and Reporting by Charities.. Statement of Recoinniended Pi-actice api)licable to cliarities i)repai'ing their accounts in accordance with the Fiiiancial Rei)01-ting Standard applicable in the UK aiid tlie Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in conneclioii with the examiiiatioii to which atteiition should be drawn in this report in order to enable a proper understsnding of the accoui)ts to be reacl)ed. Paul Newton FCA lacob Cavenagh & Skeet 5 Robin Hood Lane Sutton Surrey SMI 2SW Date.. 1£ |0( IcJLIt
SUTTON CHRISTIAN CENTRE TRUST STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT} FOR THE YEAR ENDED 31 OCTOBER 2023 2023 Restrirted 2022 Total Note Unrestricted Total Income from Donations Investment income Other Total income 135,777 289 4,926 140.992 40,787 176,564 289 4.926 181,779 167,213 114 21.7.54 189,081 40,787 Expendlture on Cl)arilable activities Goverii£)rice costs Tot1 expendfiture 122,969 1,320 124,289 44,055 167,024 160,256 1,20a 161,4.46 44,055 168.344 Net income/(expenditure) 16.703 (3.268) 13.435 27,625 Reconciliation of funds Funds broiight forward 983,286 99,149 1,082,435 1,054,810 Funds carried forward 999.989 95.881 1,095,870 1,082,435 All of the above results relate to continuing activities.
SUTTON CHRISTIAN CENTRE TRUST BALANCE SHEET AS AT 31 OCTOBER 2023 COMPANY REGISTRATION NUMBER: 5878906 2023 2022 Note Fixed Assets Tangible Assets 765.600 777,315 Current Assets Debtors aiid prepayments Cash at baJik and in hand 17.729 315.261 332,990 17,669 290,530 308,199 Creditors.. Amounts falling due withii) one year 2.720 3,079 Net current asset5 330,270 305,120 Total a55et5 less current liabilities 1.095.870 1.082,435 Total Funds RestriLled fiiiid5 Unrestricted fiii)ds 95,881 999.989 99,149 983.286 Total reserves 1.095.870 1,082,435 For tlie year eliding 31 October 2023, the coiiipany was entitled to exemption from audit under sectio 477 of the Lon)panies Act 2006 relatiiig to siiiall coinpaiiies. No member of the c.ompany has deposited a notice, pursuant to section 476, requiring an audit of these financial statements uiider the requirements olthe Compaiiie5 Act 2006. The directors ackiiowledge their responsibility for ensuring that the company keeps proper accoiinting records which comply with section 386 of the Act and for preparing financial statements wliich give a true and fair view of the state of affairs of the company as at the eiid of tlie finaiicial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirernents of the Companies Act 2006 relating to small accounts. so far as applicable to the company. These financial statenients have been prepared in accordance with the special provisions relating to small companie5 Within Part 15 ofthe Companies Act 2006. These financial stateinents were approved and authorised for issue by the Board of Directors on 1+/41 ILF and signed on their behalf by- Antony Horswood io
suON CHRISTIAN CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 ACCOUNTING POLICIES a} Basis of Preparation & Assessment of Going Concern Tlie financial statenients IIAve l)eeii prei)ared under the historical cost convention with items recognised at cost or transaction value uliless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Companies Act 2006,. Charities Act 2011., Accounting and Reporting by Charities.. Statement of Recominended Practice applicable to charities preparing their accounts in accordance witli tlie Financial Reporting Standard applicable in the UK and Repliblic of Ireland (FRS 102) leffective I january 2019] and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} The Charity meets the definition of a piiblic benefit entity under FRS102. It is a charitable coinpany limited by guarantee with registered office of 25 Tate Road, Sutton, Surrey. SMI 2SY. Assets and liabilities are initially recognised at historical c05t unless otherwise stated in the relevant accounting policy notes. Assessment of Golng Concern Preparatioii of the accounts is on d going coiicern basis. The directors consider that there are no ni<lterial uncertainties about the Charity's ability to continue as a going coiicern. b) Flxed assets Asset.$ i)iircl)ased or donated for charity use are included in the balance sheet at their cost or the Directors estimation of cost. c) Depreciation Freehold l<iiid is not depreciated. Depreciation on freehold property is considered to be immaterial as the estiniated residual value of the property is higher than the cariying value. Depreciation is charged on a straight-line basis to write off the cost of other tangible fixed assets over their useful econotnic lives at the following annual rales- Building iniprovements Industrial boiler Fiirnitlire and Equipment Motor vehicles 15 years 15 years 4 years 4 years d) Income Income is accouilted for when the conditions of entitlement, probability and measurability are met. e) Expenditure Expei)diture is accounted for on a payable basis and has been analysed between-. Charitable activities - all expenditure in accordance with the objects of the charity. Governance costs- all expenditure to comply with statutory and legal requirelnents. li
SUTTON CHRISTIAN CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Grants Grants paydble are charged li) the year wheii the offer is conveyed to the recipient. Amounts earniarked as grant payable but for which recipients are yet to be decided and/or notified are included in designated reserve5. g) Taxation The chc)ritable company is exempt from corporation tax on its charitable activities. h) Financial instruments The charity has utkly financial assets and liabilities of a kind that qualify as basic financial instruments. 'I'hese are initially recognised at transaction value and subsequently measured at their settlement value. l) Cash & cash equlvalents Ca_£1) ¢1t bank aiid iii Iiaiid includes cash and short term highly liquid investnients with a short maturity of three months or less from the date of opening the deposit. l} Creditors and provision c.reditors aiid provisions are recognised where the charity l)as a present obligatioii arisii)g froii) a past event that will probably result in the transfer of funds to a third party aiid tl)e amoiint due to settle the obligation can be measured or estimared reliably. Creditors and provisions are recognised at their settlement amount. EXPENDITURE 2023 2022 Direct activities Grant fundin Governance Total Total Grants made (note 7) Persoiiiiel costs Ministries Support Services Property costs Office expenses Depreciation 57,335 57,335 62.683 12,706 2,199 13,280 7,106 11,715 167,024 1.320 168.344 55,965 60,710 9,044 1,832 13,849 6,731 12,125 160,256 1.200 161,456 62,683 12,706 2,199 13.280 7,106 11,715 109,689 57,335 ExaTnination fee 1,320 1,320 109.689 57,335 12
surroN CHRISTIAN CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 EMPLOYEE INFORMATION 2023 Number 2022 Number Staff number5 Part time The stsff costs for the above persons were- 2023 2022 Staff costs 60,811 512 1,360 62,683 58,493 926 1,291 Social 5eciirity costs Pension costs Therc were Do employees with emoluments above £60,000. Dlrectors and deacons Thc. KL'Y Mc)Il¢iutreiiie'iil Personnel are the Directors and Deacons. No Director or Deacon received remuneration except Mike Ikwuemesi wlio w35 paid E660 (2022: £660) for wi'bsite siipijorl. 'I'he Articles of Association permits a minority of Directors to be paid for Services supplied to the charity. Cjraiits of £3,500 (2022.. £5.000) were given to Coiinections'frust. a chai-ity registered in England. Antony Horswood, a Director, is also a Trustee of thi5 charity. 'rhree Directors and Deacon5 (2022: foLir) were reimbursed for expenses of £3,224 (2022.. EI,199) duly incurred for worship team, caterin& digital media expenses, evangelism, and niileage. Sue Langley is related to one of the Directors and was reimbursed expenses of £173 (2022..£292) incurred for hospitality. There were no other related party transactions. 13
SUTTON CHRISTIAN CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 TANGIBLE ASSETS Freehold ro im Building rovements Furniture & ui ment Total Cost At l November 2022 Additions Di.sposals At 31 October 2023 700,000 128.960 90.367 919.327 700,000 128,960 90,367 919.327 Depreciation Ai i Nnveinber 2022 Charge for the year Disposals At 31 October 2023 57.597 8,597 84.415 3,118 142.012 11,715 66.194 87,533 153,727 Net book value At 31 October 2023 700,000 62.766 2,834 765,600 At 31 October 2022 700,000 71,363 5.952 777,315 The freehold property. the church premises at 25 Tate Road, Sutton, Surrey SMI 2SY, was valued by tliL. Directors on an opel) market basis on l November 1996 when the propei-ty was incllided in the <iccounts for the first time at £200,000. It was re.valued in October 2017 at £700,000. At transition to Tr RS 102, this value was ti'eated as deenied cost. DF.BTORS 2023 2022 Other debtors Prepayments 14,900 2,829 17,729 14,33B 3,331 17,669 CREDITOR5 2023 2022 Other creditors Accruals 932 1,788 2,720 1,675 1,-390 14
SUTTON CHRISTIAN CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 GRANTS MADE 2023 2022 No. To advance the Christiun religion To organi5ations: Asseiy]blies of God Christian Solidarity Worldwide Cambodia Action Sutton Schools Christian Workers Trust 12 12 12 12 180 560 440 1,200 2,380 12 12 12 12 180 600 480 1.200 2,460 To encourage Christian MissionaryActivity To organisations.. Connections I'rust Living Word Ministries Soldiers & Airmen Scripture Readers Associati()n Street Pastors - Mitcham Street Pastors - Sutton Sub-total 3,500 3,500 5,000 5,000 250 400 600 8,000 12 12 600 600 11,450 12 To individiials Funds donated specifically to support T&L Lewry's ttiissioii in Bra£il 12 1.200 13 1,700 40,346 49,546 3¢,614 47,764 To glve rellef to the poor & needy and comfort the slck & aged To oi'ganisiltions.. Beachy Ilead Chaplaincy Foodbank Sutton Home-start Sutton Impact 25.40 Turkey/Syria (2022.. Ukraine) Operation Mobilisation Turkey/Syria Teen Cliallenge 12 12 300 600 12 12 300 600 250 400 250 250 300 1.700 12 12 300 Funds donated specifically to 5UPPOrt various individuals 3,709 5,409 3,891 5,741 Total grants made 57.335 55.965 15
SUTTON CHRISTIAN CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 FUNDS l November 2022 31 October 2023 Income Ex enditure Unresti'icted fund5 Incoine funds 983.286 140.992 [124.289) 999.989 Restricted fund5 For poor and needy For onward transmission For T&L Lewry s mission to Brazil New building fund 2.450 1,719 (1.588) 2,581 1,472 1,985 (2,121) 1,336 4,655 90,572 37,083 (40,346) 1,392 90,572 Total funds 1,082,435 181,779 168.344 1.095,870 Below wa5 the position at 31 October 2022.. l November 2021 31 October 2022 Income Ex endlture Unrestricted funds Income funds 952,252 153,985 (122,951) 983,286 Restricted funds l.or i)oiii',Iiid iieedy For onward transmission ForT&L Lewrls mission to Brazil New building fund 2.480 1,770 (1,800) 2.450 946 2,617 (2,091) 1,472 8,560 90,572 30,709 (34,614) 4,655 90,572 Total funds 1.054.810 189.081 161.456 1.082,435 Restricted funds comprise gifts given to be used in specified church activities or to be passed on. 16
SUTTON CHRISTIAN CENTRE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 ANALYSIS OF NET ASss BETWEEN FUNDS Unresrricted funds Restricted funds Total Tangible fixed assets Debtors Bank and cash balances c.reditors 765.600 17,729 219.380 [2.720) 765,600 17,729 315,261 (2,720) 95,881 999,989 95,881 1.095,870 Below was the position at 31 October 2022 Unrestricted funds Restricted funds Total Taiigible fixed assets Debtors Bc)Tik and cash balances Creditors 777,315 17.669 191,38) (3,079) 777,315 17,669 290,.530 (3.079) 99,149 983,286 99,149 1,082,435 io. SOFA COMPARATIVE 2022 Restricted Note Unrestrlcted Income frorn Doiiation5 Investmeiit income Other Total Income 132.117 114 21,754 153.985 35,096 167,213 114 21,754 189,081 35.096 Expenditure on Charitable activities Governcince costs Total expenditure 121,751 1,200 122,951 38,505 160,256 1,200 161,456 38,505 Net income/(expenditure) 31,034 (3,409) 27,62S Transfers between funds Net niovement in the year Reconciliation of funds Funds brought forward 952,252 102,558 1,054,810 Funds carried forward 983,286 99.149 1,082,435 17