CHRIST CENTRAL CHURCH LTD (REGISTERED NUMBER .. 05899387) TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
CHRIST CENTRAL CHURCH LTD TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Company number 5899387 Registered Charity Number 1118477 Principal / re8lstered address The Acorn Bookshop 109 Palmerston Road Southsea Hampshire P05 3PS Trustees during the year and to date: N Buchanan H North P McBeth M Blatt D Tyrrell (appointed 21 September 2023) Bankers HS8C 118 Commercial Road Portsmouth Hampshire POI IEP Independent Examiner C J Goodhead FCA Knight Goodhead Limited 7 Bournemouth Road, Chandler's Ford, Eastleigh, Hampshire, S053 3DA
CHRIST CENTRAL CHURCH LTD TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Introduction The Trustees present their annual report and the unaudited financial statements for the year ended 31 August 2024. The legal and administrative information set out on below forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association, the Companies Act 2006, the requirements of the Charities Act 2011 and the Charities SORP (FRS 102). Structure Governance and Management Governln8 Document The charity is a company limited by guarantee. In the event of the company being wound up durln8 the period of their membership lor within a year followin81, members undertake to contribute such amounts as may be required up to a maximum of £10. The charity 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. Appolntment. retlrement. and training of the Trustees Any candidate approached as a potential trustee is selected on their knowledge and skill, and involvement within the church. The candidate will be required to declare their belief in and allegiance to the Statement of Beliefs. In addition to the statutory powers of appointment. a new trustee may be appointed by a resolution passed by a majority of the trustees. Governance of the Charity The charity is managed by the trustees who for the period under review delegated day to day responsibility to A North. Risk management The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems and procedures are in place to mitigate exposure to those major ri5k5.
CHRIST CENTRAL CHURCH LTD TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Objects of the charity The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Our objectives The charitWs objects are as follows: To advance the Christian faith in accordance with the Statement of Beliefs in Portsmouth and the surrounding Solent region and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the laws of England and Wales and are connected with the charitable work of the trust. To relieve persons who are in conditions of need and hardship or who are aged and sick and to relieve the distress caused thereby in the Portsmouth area and In such parts of the United Kingdom or the world as the trustees may from time-to-time think fit. To advance educatlon In accordance with Christian prlnciples by such means as the trustees may consider appropriate. To provide community facilities for recreational and other leisure time occupation in the interests of social welfare for persons who have need by reason of their youth, poverty, or social and economic circumstances with the object of improving their conditions of life in the Solent region. It is our desire to know Christ personally and to make him known in the Solent area and to the ends of the earth. Achievements and performance The work of the church has focussed solely on fulfilling its charitable objectives. Specific highlights in the report below are structured around connectin8 people to faith {CONNECT), caring for the church and the surrounding community (CARE), advancin8 Christian education (COACH), and supporting or8anisations with the same aim (COMMISSION). All activities were conducted to serve the vision of the church: 'to see lives ond communities, in, around and beyond Portsmouth transformed by the Gospel, enjoying God ond glorifying Him in all things., In pursuit of this vision a new congregation was planted into the Milton/Baffins area of the city to bring hope and share truth to this specific community. Since September 2023, the church has two Sunday morning gatherings, with one specifically designed to reach the Milton/Baffin5 area.
CHRIST CENTRAL CHURCH LTD TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 CONNECT Our Sunday morning services took place at the John Pounds Centre {POII and Shore Avenue, with the sermon continuingto be streamed online. Havingan online presence continued to enable Christ Central Church to connect with people across the region. including overseas, so that they could hear biblical teaching and the message of the 8ospel of Jesus Christ. Our mid-week groups continue to provide an opportunity for church members to make friends, 8row in faith and connect with the life of the church. Our Little Ones Stay and Play parent and toddler group continued to provide an opportunity for parents of youn8 children in the community to connect with parents in the church. Our annual Light Party, an alternative to Halloween, and Kids and Family Feasts helped children and families to connect together. This year, Christ Central Church partnered with the Great South Run, providing marshals, and hosting route-side refreshments stop for spectators. It was a great privilege to support the event and have many thousands run past our POI venue. Easter and Christmas events helped non-churched people to connect socially with church members leading to Invitations to join us on a Sunday morning to hear Christian teaching. The church membership increased sl8niflcantly this year, and 8 people were baptlsed on Sunday mornings. While the number of donors has increased, the total amount donated through regular donations were the same as the year before. CARE Our group ministry is the prlmary mechanism for connecting attendees to care withln the church. We supplemented our groups with whole church meals lincludin8 a B8Ql to help more people in the church to get to know one another. We continued to have the opportunity to care for our local community through providing Christmas Hampersto the most vulnerable. This yearwe gave hampers in the Portsea area, the help of the Portsea Housing Office, and Milton/Baffins with the help of Langstone Primary School. We have church members volunteering with various organisations in the city that seek to bring hope, incl. Street Pastors. COACH In addition to Gospel-centred preaching every Sunday at the John Pound5 Centre, and online, the church provided Christian education through our mid-week meetin8s and various courses. This year the church conducted a variety of course5 and events to educate members of Christian Biblical principles: Pre-marriage preparation, Fix Your Focus, and membership courses. Men's and Women's events happened termly to provide an additional opportunity to coach, care and connect. A group attended Commission's Students and Twenties Conference, and the church ran a 'Summer Special, day of training and ministry for Students and 20s.
CHRIST CENTRAL CHURCH LTD TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The church financially supported a staff member to undertake the 'Level 3, Post Graduate Diploma in theology with the Commission network. A staff member also attended the THINK Theologi conference. COMMISSION In addition to funding the church programme, IO% of the income given was distributed as a tithe to support the work of Commission (our partner network of churches), and local and global organisations. Global initiatives supported include A Fonte Church in Penafiel, Compassion UK, Christians in Action, International China Concern, Springs of Life and Hope, and two international missionarie5. The church also sponsored two students on short term mission in Serbia and gave a gift for the Soteria Trust who operate a Chrlstian educational establlshment in Nigeria. Local and national organisatlons supported this year include UCCF, Faith in Football, Street Pastors, Hope into Action Portsmouth, City of Sanctuary, and the One Body church unlty 8roup. While the Pregnancy Counselling work is Portsmouth closed this year. the church is in the process of preparin8 a new work for 2025. Flnanclal revlew Forthe financial year ended 31 August 2024 the charity had a deficit of £2,280 (2023: deficit of £16,434). Total income in the period was £226,330 (2023: £243,469), with expenditure of £228,610 {2023: £259,903). Total funds at 31 August 2024 were £55,790 {2023'. £58,070), all of which relates to general funds. Reserves Policy Since the inception of the charlty, it has been the policy of the trustees to retain resources sufficient to cover the equivalent of two months of charitable expenditure. At the balance sheet date free reserves {8eneral funds less the amount held as fixed assets) of £52,073 (2023: £53,096) are equivalent to Just over two and a half months of charitable expenditure. The trustees will continue to monitor the level of reserves, and the charity's reserve5 policy, in the new financial period.
CHRIST CENTRAL CHURCH LTD TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Statement of responsibilitles of the trustees The trustees are responsible for preparing the Annual Report and the financial statements in accordance with the applicable law and the United Kingdom Generally Accepted Accounting Practise (UK GAAP). The Charities Act requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the end of the year and of the surplus or deficiency for the year then ended. In preparing those financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently. make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the goin8 concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose wlth reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safe8uarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the small companies regime under section 419(2) of the Companies Act 2006, and in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102 (effective January 2019). Approved by the trustees and signed on their behalf by Trustee Date:
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRIST CENTRAL CHURCH I report to the trustees on my examination of the accounts of Christ Central Church for the year ended 31 August 2024 set out on pages 8 to 17. RESPONSIBILITIES AND BASIS OF REPORT As the trustees of the company (and also its dlrectors 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 company are not required to be audited under Part 16 of the 2006 Act and are eli8ible 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 carryin8 Out my examination I have followed the Directions given by the Charity Commission under section 145(5){b) of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my examlnation. I conflrm that no matters have come to my attention in connectlon with the examlnation giving me cause to believe: l) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2) the accounts do not accord wlth those accounting records; or 3) the accounts do not comply with the accountin8 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 examinatlon; or 4) the accounts have not been prepared in accordance with the 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. C J Goodhead FCA Knight Goodhead Limited Chartered Accountants 7 Bournemouth Road Chandler's Ford, Eastleigh Hampshire S053 3DA
CHRIST CENTRAL CHURCH LTD (Company limited by guarantee and not having share capital) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 (Including Income and Expendlture account) Unrestricted Restrlcted Totsl funds Total funds funds funds 2024 2023 Notes INCOME Donations and legacies Charitable activities Investment income 221,329 3,586 661 754 222,083 3,586 661 232,095 10,683 691 TOTAL INCOME 225,576 754 226.330 243,469 EXPENDITURE Charitable actlvities 227,621 989 228,610 259,903 TOTAL EXPENDITURE 227.621 989 228,610 259,903 NET EXPENDITURE FOR YEAR BEFORE TRANSFERS 12.045) (235) (2,280) (16,434) TRANSFERS BETWEEN FUNDS NET EXPENDITURE FOR THE YEAR 12,045) (235) (2,280) 16.4341 TOTAL FUND BALANCES BROUGHT FORWARD 57,835 235 58,070 74,504 TOTAL FUND BALANCES CARRIED FORWARD 55.790 55,790 58,070 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.
CHRIST CENTRAL CHURCH LTD (Company limited by guarantee and not having share capital) COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023 (Including Income and Expenditure account) Unrestrlcted funds Restricted Total funds funds 2023 Notes INCOME Donations and legacies Charitable activitie5 Investment income 231,425 683 691 670 10,000 232,095 10,683 691 TOTAL INCOME 232.799 10,670 243.469 EXPENDITURE Charitsble activities 249,073 10,830 259,903 TOTAL EXPENDITURE 249,073 10.830 259,903 NET EXPENDITURE FOR YEAR BEFORE TRANSFERS (16,2741 {160) (16,434) TRANSFERS BETWEEN FUNDS NET EXPENDITURE FOR THE YEAR (16,274) (160) (16,4341 TOTAL FUND BALANCES BROUGHT FORWARD 74,109 395 74,504 TOTAL FUND BALANCES CARRIED FORWARD 57.835 235 58.070
CHRIST CENTRAL CHURCH LTD (Company limited by guarantee and not having share capital) REGISTERED NUMBER . 05899387 BALANCE SHEET AT 31 AUGUST 2024 2024 2023 Notes FIXED ASSErs Tangible a55et5 3,717 4,739 CURRENT ASSETS Debtors Cash at bank and in hand 4,100 52,344 56,444 2,903 57,983 60,886 CREDITORS: amounts falling due within one year 14,3711 (7,555} NET CURRENT ASSETS 52,073 53,331 NET ASSETS 55,790 58,070 FUNDS Unrestricted funds Restricted funds 10 55,790 57,835 235 10 TOTAL FUNDS 11 55,790 58,070 For the flnanclal year ended 31 August 2024, the charitsble company was entitled to exemption from audit under section 477 Companies Act 2006; and no notice has been deposited under section 476. The directors acknowledge their responsibilities for ensuring that the charitable company keeps accounting records, whlch comply with section 386, and preparing accounts, whlch give a true and fair view of the state of affairs of the charitable company as at the end of the year and of its surplus or deficit for the financial year, in accordance with the requirements of section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the charitable company. The accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by the Trustees on Bi ned on their behalf by Trustee 10
CHRIST CENTRAL CHURCH LTD {Company limited by guarantee and not having share capital) NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 I ACCOUNTING POLICIES (a) Accounting convention The financial statements have been prepared in accordance with 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 Republic of Ireland (FRS 102) (effective l January 20191 (Charities SORP (FRS 1021), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The charitable company meets the definition of the public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transactlon value unless otherwlse stated in the relevant accountlng pollcy note. The accounts have been prepared on the going concern basis. There are no materlal uncertainties about the charitable company's ability to continue. (b) Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charitable company. Restricted funds are subjected to restrictions on their expenditure imposed by the donor. (c) Income All Income is included in the Statement of Financial Activities when the charitable company is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Donations and legacies are received by way of grants, donations, legacies and glfts and is included in full in the Statement of Financial Activities when receivable. Grants, when entitlement is not conditional on the delivery of a specific performance by the charitable company, are recognised when the charitable company becomes unconditionally entitled to the grant. Investment income is included when receivable. Resources are deferred when, at the end of an accounting period, they have been received but the charitable company has yet to become unconditionally entitled to them. 11
CHRIST CENTRAL CHURCH LTD (Company limited by guarantee and not having share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 I ACCOUNTING POLICIES {continued) (d) Expenditure Expenditure is recognised on an accrual basis as a liability is incurred. It includes any VAT paid. Costs are apportioned in line with the income received from that source during the year. Charitable activities expenditure comprises of those costs incurred by the charitable company in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. All costs are allocated between the expenditure categories of the Statement of Flnancial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly. (e) Tangible fixed assets Fixed asset5 are capitalised for ongoing use within the charitable company, where the individual cost of the asset exceeds £lOO. Depreciation is provided on fixed assets to spread the cost over the estimated useful lives of the relevant assets at the following rates: Equipment 3 years straight line (fl Penslon costs Contributions in respect of the company's defined contribution scheme are charged to the Statement of Financial Activitles for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end. 18) Financial instruments The charitable company only enters Into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, cash at bank and creditors. These basic financlal instruments are measured and transaction price. Financial assets and liabilities classified a5 due within one year are not amortised. 2 LEGAL STATU5 The charitable company is a company limited by guarantee and ha5 no share capital. The charitable company was incorporated on 8 August 2006 in the United Kingdom and was registered on 22 March 2007 with the Charity Commission in England and Wales. The registered office of the charitable company is The Acorn Book Shop, 109 Palmerston Road, Southsea, Hampshire, P05 3PS. 12
CHRIST CENTRAL CHURCH LTD {Company limited by guarantee and not having share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 3 DONATIONS AND LEGACIES Unrestrlcted funds Restricted funds Total Total 2023 2024 One off giving Regular giving Gift aid recoverable 12,244 171,700 37,385 221,329 754 12,998 171,700 37,385 222,083 17,080 176,527 38,488 232,095 754 4 STAFF COSTS 2024 2023 Wages and salaries Social security Costs Pension 123,979 6,465 10,930 141,374 142,919 7,546 12,566 163,031 The average number of staff employed during the year was 5 (2023: 7). No employee received emoluments of £60,000 or more during this year or the prior year. During the year £61,734 was paid to key management personnel {2023: £60,422). At the year end there were outstanding pension contrlbutions payable of £1,184 (2023: £1,384). Total pension contributions of £10,930 (2023: £12,566) were paid by the charitable company and are included in the SOFA. 13
CHRIST CENTRAL CHURCH LTD (Company limited by guarantee and not having share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 S EXPENDITURE Unrestrlcted Restrlcted funds funds Totsi 2024 Total 2023 Direct costs Wages and salaries Outreach Sunday meetings Students Travel Training and conferences Advertising costs Regional tithing Gifts and donations epreciation {note 4) 141,374 13,444 19.908 1,006 1.797 5,201 933 11,035 11,481 4,070 210,249 141,374 13,679 19,908 1,006 1,797 5,201 933 11,035 12,235 4,070 211,238 163,031 13,209 25,993 1,384 1,349 3,884 166 12,260 12,484 5,801 239,561 235 (note 6) (note 6) 754 989 Support costs Insurance Rent and rates Postage and stationery Telephone Software Sundry Subscriptions Bank charge5 Legal fees Accountancy and examlnation fees 1,545 5,490 2,005 573 2,897 2,064 948 81 34 1,735 17,372 1,545 5,490 2,005 573 2,897 2,064 948 81 34 1.735 17,372 1,373 6,050 2,506 929 4,054 2,599 921 249 35 1,626 20,342 227,621 989 228,610 259,903 Included within accountancy and examinations fees above are amounts due to the independent examiners In relation to independent examination of £1,200 (2023: £1,2001 and £535 for other work (2023: £426). 14
CHRIST CENTRAL CHURCH LTD {Company limited by guarantee and not having share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 6 ANALYSIS OF GRANTS Gift and donations (including regional tithing) made in the year totalled £23,270, of which £4,885 was made to individuals and £18,385 to institutions {2023: £24,744 total, of which £5,264 made to individuals and £19,480 to institutions). Gifts of £1,000 or more per institution are as follows: Commission Apostolic Trust 11,760 7 TANGIBLE ASSETS Equlpment COST At beglnnlng of year Additions Disposals At end of year 43,282 3,048 {5,522} 40,808 DEPRECIATION At beginning of year Charge Eliminated on disposals At end of year 38,543 4,070 15,522) 37,091 NET BOOK VALUE At end of year At be8inning of year 3,717 4,739 8 DEBTORS 2024 2023 Gift aid recoverable 3,683 220 2,732 171 Prepayments Other debtors 197 4,100 2,903 15
CHRIST CENTRAL CHURCH LTD (Company limited by guarantee and not having share capital) NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 9 CREDITORS: amounts falling due within one year 2024 2023 Trade creditors Accruals and deferred income Other tax and social security Other creditors 1,051 1,279 2,640 2,585 7,555 1,279 1,908 1,184 4,371 10 FUNDS Restricted and des18nated funds are established for the following purposes: Covid-19 Support Fund to fund practical help to those experiencing hardship during the pandemic to fund employment of communlty care facilitator and allocate funds to community campaigns. Community Support Fund Funds at 01-Sep-23 Funds at 31-Aug-24 Income Expenditure Transfers Restricted funds Covid-19 Support Fund Community Support Fund Total restricted funds 235 (235) (754) 19891 754 235 754 Unrestrlcted funds General funds 57,835 225,576 (227,621) 55,790 Total unrestricted funds 57,835 225,576 1227,6211 55,790 Total funds 58,070 226,330 (228,6101 55,790 16
CHRIST CENTRAL CHURCH LTD (Company limited by guarantee and not having share capital) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 10 FUNDS {continuedl Prior year funds movements Funds at 01-Sep-22 Funds at 31-Aug-23 Income Expenditure Transfers Restricted funds Covid-19 Support Fund Community Support Fund Shore Avenue 395 11601 (6701 110,0001 110,830) 235 670 10,000 Total restricted funds 395 10,670 235 Unrestrlcted funds General funds 74, 109 232,799 {249,0731 57,835 Total unrestricted funds 74,109 232,799 1249,0731 57,835 Total funds 74,504 243,469 (259,903) 58,070 11 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted 2024 Tangible fixed assets Debtors Bank and cash Creditors 3,717 4,100 52,344 (4,371) 55,790 3,717 4,100 52,344 (4,371) 55,790 Net assets as at 31 August 2024 Unrestrlcted Restricted 2023 Tangible fixed assets Debtors 4,739 2,903 57,748 17,555) 57,835 4,739 2,903 57,983 {7,555) 58,070 Bank and cash 235 Creditors Net assets as at 31 August 2023 235 12 RELATED PARTY TRANSACTIONS During the year the charitable company paid remuneration to A North, who 15 the son of H North, director. He received a salary of £56,122 (2023: £54,929) together with contribution5 into a pension scheme of £5,49312023: £5.6121. During this and the prior year, no trustees were reimbursed expense for costs incurred on behalf of the charitable company. 17