COMPANY REGISTRATION NUMBER: 05935110 CHARITY REGISTRATION NUMBER: 01116829 Christ Church Community Developments Company Limited by Guarantee Unaudited Financial Statements 30 September 2024 *AE5N3041• 2810612025 COMPANIES HOUSE A4
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ATLEY READ Chartered Accountants Prince of Wales House 18119 Salmon Fields Business Village Salmon Fields Royton Oldham OL2 6HT
Christ Church Community Developments Company Limited by Guarantee Financial Statements Year ended 30 September 2024 Page Trustees, annual report (incorporating the director's report) Chartered accountants report to the board of trustees on the preparation of the unaudited statutory financial statements Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
Christ Church Community Developments Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 30 September 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 September 2024. Reference and admlnlstratlva detalls Registered charity name Christ Church Community Developments Charity registration number 01116829 Company registration number 05935110 Prlnclpal office and reglstered 4C Community Centre office Taunton Road Ashton Under Lyne OL7 9DR The trustees Mr J Hindle Mr B Nightingale Mrs S Riches Mrs B Smith Mr J Mccann Ms S Sheikh A¢¢ountants Gatley Read Chartered Accountants Prince of Wales House 18119 Salmon Fields Business Village Salmon Fields Royton Oldham OL2 6HT Structure, governance and management Governing Document The organisation is a charitable company limited by guarantee, incorporated on 14 September 2006 and registered as a charity on 16 November 2006. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to conlribule an amount not exceeding £1.
Christ Church Community Developments Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) (continued) Year ended 30 September 2024 Structure, governance and management (contlnued) Method of appointment or election of Trustees The Board of Trustees is responsible for the overall management and control of the charity working with the Manager and senior staff on strategic and operational development. Trustees are co-opted from local people who are sympathetic to the charity's objectives., usually after attending Management Com mittee meetings over a period of time that is sufficient to provide a full insight into the activities of the Charity. Organisational structure and decision making The Trustees meet regularly to oversee the progress of the community centre. Risk management The Iruslees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the organisalion. and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. Objectives and activiti• We have referred lo the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. Policies and obje¢tives The principal object of the charity is to operate a community centre in the grounds of Christ Church, Ashton under Lyne for the benefit of all members of the community. The area of benefil is the Borough of Tameside, but the main beneficiaries will be the residents of the Waterloo Ward in which the centre is localed. There have been no changes in these objectives since the lasl annual report. Volunteers Christ Church Community Developments is managed by a board of 6 trustees, who freely volunteer their lime to sit on the Board of Directors and oversee the strategic direction of the charity.
Christ Church Community Developments Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 30 September 2024 Achievements, performance and financial revièw We have engaged with thousands of people in the course of the year, whether they were altending parties, classes, workshops or conferences in the hall, to smaller meetings, community groups or training in the meeting rooms. The café continues to be a valued hub of all that goes on in the cenlre and is a popular meeting place, that helps to draw in a range of people. The Potters Hand studio has been a real hit. with everyone wowed by the sense of community and the beautrful space that Maxine has created, allowing creative expression, friendship and wellbeing to flourish in these difficult times. It has welcomed a diverse group of users including schools, uniformed organisations, work colleagues as well as individuals and families lo create their own piece of art. We have our regulars as well as new visiiors who enjoy spending time in the studio space and often visit the café al the same time. We have seen great collaborations between the studio and the café, especially around key holiday periods throughout the year. We are also indebted lo our users whose income helps lo sustain Ihe centre and whose groups or visitors also help to spread the word about the centre. The everyday functionality of the centre has improved significantly but we are still heavily reliant on volunteers lo open and close outside of operating hours - something that we have looked to address but find that the business model lo pay for this service to be a challenge. This year we brought on board two freelance staff., an office manager for 8 hours a week 8nd an operations manager for 8 hours a week. This has changed the day to day running of the cenlre, making it more efficient, with separated roles one that focuses on logistics and one that focuses on connections with partners and the community. Josie has continued to make a big impact on the cenlre, introducing more community ran events, which has really brought us a greater connection with residents. The Board are appreciative for the support that all our funders have given to the project including National Lottery Community Fund and Social Investment Business. Both of them placed their faith in the project to enable the initial building works. We received a number of small grants for specific projects during the year that helped us to deliver creative responses to prevent isolation and loneliness. Yet again, it is important to recognise that none of this could have been achieved without the incredible hard work and dedication of our trustees and volunteers.
Christ Church Community Developrnents Company Limited by Guarantse Tnth. Annual Report {InGoTporating th¢ Dlrectots Report) Year ended 30 September 2024 Financial review Thè <nirÉ is now well ethbiished 1th the eommonlty. Ihe t m ar• acovety eng8gln9 snd vKrktng wtth the ¢mUnity and our pathws lo Ule Iltat the ¢th is used effecti¥ety and to meet the needs of the local eornmunity. We recognise thal there 55 more we fJ)uld do to engago with th? Communty and vill conknue to look for fltsther OpponIties lo do lh over the nextyear. Income Irom ro¢)m letlift9s helps to support the WOTk we do. We have been confjnually monitorin9 Ih? fees we charye to ensu thgt il is bolh compelibve and (xwering the rising costs the centre fa Our Ixsh flow u)nllnuÈs to bè prt(riOUS. but wo ar8 (mthualty mOtoring thls and findth9 ways to tweak and adapt our busin model. Efw Cts continue to be a ncern lor us, and a Wofklng Iwd to keep an e on how wa can mako savings in thig area. The Board are happy ttwt Ihe centre has becA)me signlfiwty more op8raknnally rnbu8t over the lasl year Ixrt ¢>)nlinue to mcrkn eur cash flowand ¥[thd as appraprfato. Plans forfuturn pwlods Plarts forth• fubJY• We are looking to some addilional tnthes kn our ts0a, wlth a focus on bringing In ski115 W8 know VAII support our Suslalnablllty as a ntro. We are also loon9 to %Gurg som8 (¥XB Cost fvnding. to havg Ihe l>reaihing 8rAtX to bg Innovaliwa and inlmduGe new Idea% SA1 ¢¢mpany piovlslons Th1$ port has been prepared In aco)rtsnce wllh th? prov*ns ?pplk8ble to Wnp8nl entitted to the small eompanles exemptlo The thjstees. annual report was approved on 24 Jun8 2025 and slgned on behalf of th• board of Inistees by. M15 S Rich¢¥ TnWee
Christ Church Community Developments Company Limited by Guarantee Chartered Accountants Report to the Board of Trustees on the Preparation of the Unaudited Statutory Financial Statements of Christ Church Community Developments Year ended 30 September 2024 As described on the statement of financial position, the trustees of the charity are responsible for the preparation of the financial statements for the year ended 30 September 2024, which comprise the stalemenl of financial activities (including income and expenditure account}, statement of financial position and the related notes. You consider that the charity is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial slalements in order lo assist you lo fulfil your statutory responsibilities, from the accounting records 2nd from information and explanations supplied to us. GATLEY READ Chartered Accountants Prince of Wales House 18119 Salmon Fields Business Village Salmon Fields ROon Oldham OL2 6HT
Christ Church Community Developments Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 30 September 2024 2024 Restricted funds Total funds 2023 Unreslricled funds Total funds Note Income and endowments Donations and legacies Other trading activities Total income 12,376 37,406 3,415 15,791 37,406 13,987 35,042 49,782 3,415 53,197 49,029 Expenditure Expenditure on charitable activities Total expenditure 56,158 56,158 5,685 5,685 61,843 43,658 61,843 43.658 Net {expenditure)lincome and net movement in funds (6,3761 (2,270) (8,646) 5,371 Reconciliation of funds Total funds brought fomard Total fund8 Carried forward (11,897) (18,273) 1,227.835 1,230,105 1,218,208 1,212,836 1,209,562 1,218,207 The statement of f inancial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 9 to 17 form part of these financlal statements.
Christ Church Community Developments Company Limited by Guarantee Statement of Financial Position 30 September 2024 2024 2023 Note Fixed assets Tangible fixed assels 12 1.744,300 1,744,509 Current assets Debtors Cash at bank and in hand 13 9,524 14,340 17,280 14,752 32,032 23,864 Creditors: amounts falling duo within one year Net current liabilities 14 25,450 25,182 6,850 (1,586) 1,742,714 Total assets less current liabilities 1,751,359 Creditors: amounts falling du• after more Ihan one year Net assets 15 533,1 $2 1,209,562 533,152 1,218,207 Funds of the charity Restricted funds Unrestricted funds 1,227,835 (18,273) 1,209,562 1,230,104 (11,897) 1,218,207 Total charity funds 17 For the year ending 30 September 2024 the charity 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 financial statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The statement of financial position continues on the following page. The notes on pages 9 to 17 form part of these financial statemenls.
Christ Church Community Dèvelopments Company Limited by Guarantee Statoment of Financial Posftlon (¢OthinuJ 30 September 2024 Ttw firArthS statements were appro1 by the board of end alhis for iw8 on 24 Jur* 2025, and aR signed on behalfof thè board by. £ L'cLe S Mrs S Riohes The notes on paFs 9 to 17 forn part oltheso fiTh8n¢i4lstateme
Christ Church Community Developments Company Limited by Guarantee Notes to the Financial Statements Year ended 30 September 2024 General information The charity is a public benefit entity and a private company limited by guarantee. registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 4C Community Centre, Taunton Road, Ashton Under Lyne, OL7 9DR. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statemenl 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) (Charities SORP (FRS 102)) and the Companies Aci 2006, Accountlng policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured al fair value through income or expenditure. The financial staiements are prepared In sterling, which is the functional currency of the entity. Golng concern There are no material uncertantIes about the charity's ability to continue. Judgements and key sources of estimatlon un¢ertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are conlinually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use al the discretion of the trustees to further any of the charitys purposes. Designaled funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of sub-classes.. reslricled income funds or endowment funds.
Christ Church Community Developments Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 September 2024 Accounting policies (continued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of enlitlemenl to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless Ihis is impractical to measure reliably, in which case the value is derived from Ihe cost lo the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunleers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case il may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates-. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading aGtivilies, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charilable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable aclivilies. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that aclivily. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets All fixed assets are initially recorded al cost. 10-
Christ Church Community Developments Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 September 2024 Accounting policies (continued) Depreciation Depreciation is calculated so as lo write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Fixtures, Fittings & Equipment 250/0 reducing balance Impalrment of fixed assets A review for indicalors of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected lo benefit from the synergies of the combination. irrespective of whether other assets or liabililies of the charity are assigned to those units. Financial Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequenlly measured at cost les5 impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debl instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relalionship.
Christ Church Community Developments Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 September 2024 Accounting policies Icontinuedj Financial instruments (continued) Financial assets thal are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment. an impairment loss is recognised under the appropriale heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairmenl. Other financial assets are either assessed individually or grouped on the basis of similar credit risk char8Cteristics. Any reversals of impairment are recognised immediately, lo the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment nol previously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset lo the extent that the prepayment will lead to a reduction in future paymenls or a cash refund. When contributions are not expected to be sellled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as on expense in the period in which il arises. Limited by guarantee As the company is Limited by Guarantee there are no shareholders and Iherefore a reconciliation of movements in shareholders funds is inappropriate. Donations and legacies Unrestricted Funds Reslricled Total Funds Funds 2024 Donations Donations 12,376 12,376 Grants Grants receivable 3,415 3,415 12.376 3,415 1 S,791 Unrestricted Funds Restricted Toial Funds Funds 2023 Donations Donations 12,902 12.902 12-
Christ Church Community Developments Company Limited by Guarantee Notes to the Financial Statements (continu) Year ended 30 September 2024 Donations and legacies (Gonlinugd) Unrestricted Funds Restricted Total Funds Funds 2023 Grants Grants receivable 1,085 1,085 13,987 12,902 1,085 Other trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Letting and licensing 37,406 37,406 35,042 35,042 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Operalion of community centre Support costs 54,754 1,404 3,415 2,270 58,169 3,674 61,843 56,158 Unrestricted Funds Reslricted Total Funds Funds 2023 Operation of community centre Support costs 39,579 312 1,085 2,682 40,665 2,993 39,891 3,767 43,658 Expenditure on charitable activities by actlvity type Activities undertaken directly Support costs Total funds 2024 Total fund 2023 Operation of community centre Governance costs 58,169 58,169 3,674 40,665 2,993 3,674 58,169 3,674 61,843 43,658 Net (expenditure)lincome Net (expenditure)lincome is stated after chargingl{creditingl'. 2024 2023 Depreciation of tangible fixed assets 209 280 13-
Christ Church Community Developments Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 September 2024 10. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries Employer contributions to pension plans Other ernployee benefits 10.683 650 72 10,332 11,405 10,332 The average head count of employees during the year was 1 (2023.. 1). The average number of full-time equivalent employees during Ihe year is analysed as follows.. 2024 No. 2023 No. Number of staff No employee received employee benefits of more than £60,000 during the year {2023- Nil). 11. Trust•e remuneratlon and expensos No remuneration or other benefits from employment with the charity or a relaied enlily were received by the trustees. 12. Tangible fixed assets Land and buildings Equipment Total Cost Al 1 October 2023 and 30 September 2024 Deprociation At 1 October 2023 Charge for the year At 30 September 2024 Carrying amount At 30 September 2024 At 30 September 2023 1,743,677 2,997 1.746,674 2,165 209 2,165 209 2.374 2,374 1,743,677 623 1.744,300 1.744,509 1,743,677 832 13. Debtors 2024 2023 Trade debtors Prepaymenls and accrued income 9,160 364 12,954 4,326 9,524 17,280 14-
Christ Church Community Developments Company Limited by Guarantee Notes to the Financial Statements (¢ontlnuedJ Year ended 30 September 2024 14. Creditors.. amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income Social security and other taxes Director loan accounts Other creditors 20,432 1,428 2,067 1,440 83 20,350 2,491 1,016 1,325 25,450 25,182 1 S. Creditors: amounts falling due after more than one year 2024 2023 Bank loans and overdrafts 533,152 533,152 Other loans comprise a loan from The Social Investment Business. The loan is secured by a flrst fixed legal charge over the companls property in the course of construction. This charge ranks pari-passu with the first fixed legal charge granted to The Big Lottery Fund. 16. Penslons and other posl retSrement benefits 06fined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £650 (2023.. £Nil). 17. Analysis of charitable funds Unrestricted funds At 1 October 202 At 30 Septembe r 2024 Income Expenditure General funds (11,897) 49,782 (56.158> {18,273) At 1 October 202 At 30 September 2023 Income Expenditure General funds {19,950) 47,944 (39,891) (11,897) 15-
Christ Church Community Developments Company Limited by Guarantee Notes to the Financial Statements fcontinued) Year ended 30 September 2024 17. Analysis of charitable funds (continued) Restricted funds At 1 October 202 At 30 Septembe r 2024 Income Expenditure Big Lottery Fund The Social Investment Business C8Pltal TMBC Other restricted funds 511,942 3,415 (5,685) 509,672 436,911 120,000 161,252 436,911 120,000 161,252 (5,685) 1,227,835 1,230,105 3,415 At 1 October 202 At 30 September 2023 Income Expenditure 8ig Lottery Fund The Social Investment 8usiness Capital TMBC Other restricted funds 514,623 1,085 (3.767) 511,941 436,911 120,000 161,252 1,232,786 436,911 120,000 161,252 1.,085 {3,767) 1,230,104 Purposes of Restricted Funds Big Lottery Fund These are grants used to fund the ongoing development of the company's property in the course of construction. The funds advanced are secured by a first fixed legal charge over the above property. This charge ranks pari-passu with the first fixed legal charge granted lo the Social Investment Business. Other restricted funds These are donations, primarily from local businesses, used to fund the ongoing development of the company's property in the course of construction. The Social Investment 8usin•ss - Capital These are grants used to fund the ongoing development of the company's property in the course of construction. The funds advanced are secured by a first fixed legal charge over the above property. This charge ranks pari-passu with the first fixed legal charge granted to the Big Lottery Fund. The Social Investment Business - Project Management This is a grant received to fund the salary costs of a project manager and support staff. 16-
Christ Church Community Developments Company Limited by Guarantee Notes to the Financial Statements (¢ontinuedJ Year ended 30 September 2024 18. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assels Creditors less than 1 year Creditors greater than 1 year Net assets 623 23,864 {25,450) 1,743,677 1,744,300 23,864 {25,450} (533,152) (533,152) (963} 1,210,525 1,209,562 Unrestricted Funds Reslricled Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 832 32,032 (25,182) 1,743,677 1,744,509 32,032 (25,182) (533,152) {533,152) 1,210,525 1,218,207 7,682 17-