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2021-03-31-accounts

CHURCHCENTRAL TRUST

Report and Accounts Year ended 31 March 2021

CHURCHCENTRAL TRUST

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2021

Trustees J Bell T Brown M Haskell C King M Kusicka R Lowman Key Management staff J Bell - Lead Elder T Brown - Operations Manager Governing Document Memorandum and Articles of Association dated 1st June 2006 Company Registration Number 05834930 Charity Registration Number 1118562 Registered Office and Central House Principal Address 13 Ravenhurst Street Birmingham B12 0HD

Independent Examiner

Independent Examiner Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers CAF Bank Ltd Nationwide Building Society National Westminster Bank Plc Solicitors Shakespeare Martineau LLP

CONTENTS

Page
Company Information 1
Trustees' Annual Report 2-7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Cashflow Statement 11
Notes to the Accounts 12-20
Detailed Statement of Financial Activities with Comparatives 21

Page 1

CHURCHCENTRAL TRUST

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2021

The trustees, who are the charity's directors for the purposes of company law, have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The charity is a charitable company and is governed by its memorandum and articles of association. The objects of the charity, as set out in the governing document are:

The trustees note that the Church is not a building, but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for, who by loving and serving Jesus Christ, were also committed to love and care for each other and to bring a blessing to the area in which they lived. Churchcentral, its trustees, elders and members are committed to the restoration of those New Testament principles. It is not alone in this, it is one of many Churches in the area, country and all over the world that is re-discovering the excitement of knowing Jesus Christ. The vision is to see the people of Birmingham come into this experience of knowing Jesus as their Lord, Saviour and friend.

Summary of the charity's main activities and achievements

To further the above objects and vision, the charity's main activities and achievements were as follows:

The advancement of the Christian faith is accomplished through Sunday services in four congregations across the city of Birmingham as well as small group meetings on weekday evenings. In addition, we work with other Birmingham churches to see these aims furthered in Birmingham and further afield.

As the nation went into lockdown in the first half of 2020, nearly all the activities of the church transitioned to being offered online. This necessitated a huge effort from a small team of those producing and publishing the web content. The church responded admirably to the different worship context. As well as streamed Sunday services, midweek small groups on Zoom became a vital form of connecting for church members. It came as a great encouragement that nearly all our church members were connecting regularly for these weekly gatherings.

Recognising the way in which the pandemic was affecting large sections of the community in many different ways, we developed a Wellbeing Course which addresses peoples’ physical, mental, relational, emotional and spiritual health. This course was provided for the benefit of those inside and outside the church and was very well received. It was picked up and used by other organisations in the city.

Page 2

CHURCHCENTRAL TRUST

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021

Summary of the charity's main activities and achievements continued

Through 2019 and the start of 2020, we had been planning for the launch of a fourth congregation in the east of the city. A small core group started meeting in midweek to prepare for this venture. With the onset of covid, these plans seemed likely to be put on hold. Even through lockdown, however, people were added to the group and by September, when physical meetings were permitted, there existed the nucleus of a new site. This work has continued to grow, attracting families and individuals from many different backgrounds. Now, more than 10 nations are represented and worship is regularly conducted in different languages.

The year on which we are reporting was a year of huge challenges due to the covid pandemic, but also a year of great opportunity for the church to reach out to and serve the communities around us. In cooperation with another local charity, Karis Neighbour Scheme, and with the aid of retailers such as Waitrose, the church was able to assist with the deliveries of groceries to over 60 elderly and isolated people in the Ladywood and Edgbaston areas of the city.

In addition, we are working with many asylum seekers and refugees in Birmingham. The various periods of lockdown were particularly difficult for those who were already isolated from friends and family. Visiting in whatever contexts were permitted at the time – either on doorsteps, walking in parks, meals in gardens, we tried to ensure they were cared for and that their daily needs were met.

Digital poverty was a particular issue for asylum seekers as everything from college to church went online. The church responded to this by furnishing second hand smartphones and laptops to those who needed them, and by providing pre-paid data hubs so that they could access education, worship and entertainment online.

ESOL classes are another means of supporting and serving asylum seekers and refugees as well as others for whom English is not their first language. Free classes are conducted weekly in our church building with mainly women attending.

The areas surrounding our building are areas of particular deprivation, the local wards all being ranked in the lowest 10% nationally. The church is looking to meet local needs through various provisions including a stay and play for local mothers and toddlers. In addition to the normal activities, this group has also run more focussed activities such as the Wellbeing Course mentioned above.

Another vulnerable section of our community we are working to serve are those newly released from prison. We have a ministry making up bags containing some basic essentials such as toiletries which are then provided to those re-adjusting to life back in the community.

As one of the charity’s key objectives is the advancement of the Christian faith, Churchcentral has a particular focus on furthering this in the Middle East. Consequently we have made significant grants to individuals and organisations working in Turkey, Lebanon and Egypt. We receive regular updates from these individuals and organisations to enable monitoring the use of these charitable funds.

In planning these activities, the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Page 3

CHURCHCENTRAL TRUST

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021

Volunteers

The activities of the charity are all carried out with the active engagement of volunteers. These volunteers work in teams focussed on different events and areas of service. The number of volunteers was reduced in the reporting year due to lockdown, but was still in excess of 60.

Structure, Governance and Management

Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the trustees who meet regularly to monitor the activities of the charity.

The Trustees of Churchcentral have overall legal and financial responsibility for the charity. They have delegated responsibility for the spiritual and strategic direction of the church as well as its day to day running to a senior management team led by Jonathan Bell.

The Trustees are regularly apprised of the financial position of the charity and at their formal meetings discuss and review any major changes in the direction of the charity or on policy issues as they evolve and develop.

New trustees are selected by existing Trustees. They are responsible people who demonstrate a strong Christian faith. They are those with a particular area of expertise / acumen in their secular workplace which is relevant in overseeing a significant charity which is also a Christian church. The composition of the trustee body has remained the same during the year.

Existing Trustees will also attend organised training from time to time to refresh their knowledge and skills as well as learning informally from one another, their own external networks and the Company Secretary.

The management team meets weekly to discuss and oversee the affairs of the church. They work with the other full and part time members of staff and a wide range of volunteers to implement the vision, values, and objects of the charity.

During the year, the church had six full-time employees and three persons employed part-time.

Financial review

During the year income decreased by £44,381 to £604,595, and expenditure decreased by £15,729 to £589,280. As a result, surplus for the year was £15,315 (2020: £43,966) and the charity's net assets increased by £15,315 to £504,242. The charity’s net current assets, which are a measure of liquidity, increased by £13,920 to £224,940. Net current assets included cash of £238,371, of which £102,469 was unrestricted.

The trustees have implemented enhanced monitoring of income and reserves due to the effect of the covid pandemic. To date, the crisis has not had a significant negative effect on the financial health of the charity.

Fundraising

About 80% of the charity’s income comes through giving by its members and related gift aid. No fundraising activities beyond the encouragement for members to give generously is undertaken.

Page 4

CHURCHCENTRAL TRUST

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021

Reserves policy

The trustees have determined that the charity should aim to hold unrestricted cash of no less than £100,000 (which equates to about 3 months of usual unrestricted expenditure) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £102,469 and the charity is complying with its reserves policy.

Investments

The charity currently has no investments.

Pension liabilities

The charity’s financial position is not liable to be impacted by pension liabilities.

Funds in deficit

None of the charity’s funds are in a state of material deficit.

Staff Pay and Renumeration

Staff pay and renumeration is reviewed and set by a renumeration committee comprising the nonexecutive directors.

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial, or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

The most significant identified risk at the date of reporting is the ongoing impact of the Covid-19 crisis.

The trustees have taken the following actions to mitigate this risk:

  1. Increased monthly reporting of income and expenditure.

  2. Monthly analysis of giving from church members to facilitate early recognition of reductions.

  3. Re-budgeting to minimise discretionary expenditure.

  4. Use of the government furlough scheme to protect jobs.

In addition to the financial risk, the pandemic poses a significant risk to the ongoing work of the church as the requirements of lockdown and social distancing have restricted the ability to carry out its activities in their normal format. In response to this, the church has rapidly transitioned to online meetings backed up by a comprehensive small group pastoral structure to ensure that all church members are cared for and the connection is maintained.

Special online provision has been made for teenagers and children.

The church’s work serving the local community has been maintained as many church members have been engaged in delivering food and other essentials to the elderly and to other vulnerable families. English classes for refugees and asylum seekers have continued to be delivered through zoom.

Page 5

CHURCHCENTRAL TRUST

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021

Related Organisations

Churchcentral works within the Catalyst Network of Churches and makes regular monthly financial contributions to their work. Churchcentral also has a close working relationship with a local charity, Karis Neighbour Scheme, supporting its work with vulnerable families and the elderly in Birmingham.

Plans for the future and events that will affect next year’s results

By the year-end a new independent charity was established to continue the charity’s international work. The name of this new charity is Noor International Trust (charity registration number 1187144) (‘Noor’). At the year end most of the money held by the charity to support this work was paid over as a grant to Noor. The income received, and the expenditure incurred, in respect of this ministry is shown separately in the Statement of Financial Activities under the column heading ‘Discontinued’. The charity does not expect to receive any significant income, or incur any significant expenditure, in respect of this ministry in the new financial year.

The church is currently considering the possibility of running a food pantry for the benefit of local residents. Food pantries provide a long term and sustainable solution to the problem of food poverty. They take usable but unsaleable food supplies, as well as fresh fruit and vegetable and supply them to local communities. They also help to tackle social isolation by providing a community hub.

Responsibilities of trustees under company law

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 6

CHURCHCENTRAL TRUST TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021 roval This report, which has been prepared in accordance with the provisions of the Companles Act 200 relating to small companles, was approved by the trustees and signed on their behalf by: J Bell tee Date: 2021 Page 7

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

CHURCHCENTRAL TRUST

('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021 on pages 9 to 21 following, which have been prepared on the basis of the accounting policies set out on pages 12 and 13.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with 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.

Ajay Rajani Fellow of the Association of Charity Independent Examiners Stewardship 1 Lamb's Passage London EC1Y 8AB

17 December 2021

Page 8

CHURCHCENTRAL TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2021

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Total income and endowments
EXPENDITURE ON:
Charitable activities:
5
Total expenditure
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14		 Unrestricted
Funds
2021
£
366,350
782
367,132
337,621
337,621
29,511
1,761
31,272
337,846
369,118		 Continuing
Discontinued
2021
2021
£
£
166,608
70,855
-
-
166,608
70,855
153,980
97,678
153,980
97,678
12,628
(26,823)
1,239
(3,000)
13,867
(29,823)
120,493
30,588
134,360
764
Restricted funds		 Total
Funds
2021
£
603,813
782
604,595
589,280
589,280
15,315
-
15,315
488,927
504,242		 Total
Funds
2020
£
631,951
17,025
648,976
605,009
605,009
43,966
-
43,966
444,961
488,927

The statement of financial activities includes all gains and losses recognised in the year.

At the year end the charity transferred most of its international work to a new independent charity. The name of this new charity is Noor International Trust (charity registration number 1187144). The income received, and the expenditure incurred, by this ministry is shown as a discontinued activity in the above Statement of Financial Activities. All of the charity's other income and expenditure in both the current year and the preceding year is from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on pages 12 to 21 form part of these accounts.

Page 9

CHURCHCENTRAL TRUST BALANCE SHEET AS AT 31 MARCH 2021 Unrestrlcted Funds 2021 Restricted Funds 2021 Total Funds 2021 Total Funds 2020 Note FIXED ASSErs Tangible assets 429,107 429,107 435,279 CURRENT ASSErs Debtors Cash at bank and in hand 7,062 102,469 618 135,902 7,679 238,371 9,983 221,823 109,530 136,520 246,050 231,806 CREDITORS: Amounts falling due within one year 10 (19,714) (1,396) (21,110) (20,786) Net current assets / (liabilities) 89,816 135,124 224,940 211,020 Total assets less current Ilabilltles 518,923 135,124 654,047 646,298 CREDITORS: Amounts falling due after more than one year 11 (149,805) (149,805) (157,371) TOTAL NEf ASSETS 369,118 135,124 504,242 488,927 FUND BALANCES Unrestricted Funds Restricted Funds 14 369,118 369,118 135,124 504,242 337,846 151,081 135,124 135,124 369,118 488,927 The charitable company is entitled to exemptlon from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021. The members have not required the company to obtaln an audit of its financial statements for the year ended 31 March 2021 in accordance with Sectlon 476 of the Companies Act 2006 however, in accordance with Sectlon 145 of the Charitles Art 2011, the accounts have been examlned by an Independent examiner and their report has been Included in these financlal statements. The directors (who are the charltable company's trustees for the purposes of charity law) acknowledge thelr responsibllltles for: (a) ensurlng that the charitsble company keeps accountlng records which comply with Sections 386 and 387 of the Companies Art 2006 and (b) preparing flnanclal statements whlch 8lve a true and falr vlew of the state of affairs of the charitable company as at the end of each financlal year and of Its net Income or expenditure for each financial year in accordance wlth the requlrements of Sertlons 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financlal statements, so far as applicable to the charitable company. The financlal statements have been prepared In accordance wlth the provlsions of Part 15 of the Companies Act 2006 relating to small companles. The financial statements were approved by the Board of Directors and were signed on its behalf by: trus ee Date Company number: 05834930 Charity number: 1118562 2 21 form part of these accounts. Page 10

CHURCHCENTRAL TRUST

FOR THE YEAR ENDED 31 MARCH 2021

CASH FLOW STATEMENT

Note
Cash flows from operating activities:
Net cash provided by (used in) operating activities
A
Cash flows from investing activities:
Purchase of property, plant and equipment
Net cash provided by/(used in) investing activities
Cash flows from financing activities:
Repayments of borrowing
Net cash provided by/(used in) financing activities
B
B
Analysis of changes in net debt:
Cash
Bank loans:
Falling due within one year
Falling due after one year
Total net funds / (debt)
Cash and equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Change in cash and equivalents in the reporting period		 At start of
year
£
221,823
(7,429)
(157,371)
57,023		 2021
£
23,797
-
-
(7,249)
(7,249)
16,548
221,823
238,371
Cash-flows
£
16,548
(317)
7,566
23,797		 2020
£
43,921
-
-
(6,251)
(6,251)
37,670
184,153
221,823
At end of
year
£
238,371
(7,746)
(149,805)
80,820

NOTES TO THE CASH FLOW STATEMENT

Note A: Reconciliation of net income/(expenditure) to net cash flow from operating activities

Adjustments for:
Depreciation charges and provisions for impairment
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by (used in) operating activities
Note B: Analysis of cash and cash equivalents
Cash at bank with immediate access
Total cash and cash equivalents
Net income/(expenditure) for the reporting period (as per the statement of financial activities)		 2021
£
15,315
6,172
2,303
7
23,797
2021
£
238,371
238,371		 2020
£
43,966
7,708
203
(7,956)
43,921
2020
£
221,823
221,823

Page 11

CHURCHCENTRAL TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. In making this assessment, the trustees have considered how Covid19 might affect projections.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

When donated goods are distributed an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed are recognised as stock.

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.

The charity has taken the view that it has only one charitable activity, namely the advancement of the Christian faith, and all income from donations, legacies and charitable activities is in respect of this one activity.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

The Charities SORP requires charities with income over £500,000 to allocate costs to the various activities undertaken by the charity. The nature of the work of the charity is considered to be so integrated that the core charitable activity costs are considered to be for the one activity.

Page 12

CHURCHCENTRAL TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

2 Accounting Policies continued

d) Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Leasehold property Over the shorter of the remaining term of the lease and useful life Equipment Over 3 to 7 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Stocks:

Stocks of donated items held for distribution to beneficiaries are measured at fair value.

g) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

h) Taxation

The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

i) Critical accounting estimates and areas of judgement

The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

3 Donations and legacies

ations and legacies
Donations of cash and similar
Donated goods
Government grants: Job Retention Scheme
Other grants receivable
Income tax recoverable		 Unrestricted
Funds
£
294,451
-
15,216
-
56,683
366,350		 Restricted
Funds
£
133,691
-
-
93,610
10,162
237,463		 Total
2021
£
428,142
-
15,216
93,610
66,845
603,813		 Total
2020
£
466,271
1,250
-
92,373
72,058
631,951

Donated goods are hampers received for distribution to users of the Christians Against Poverty service.

me from charitable activities
Unrestricted Restricted Total Total
Funds Funds 2021 2020
£ £ £ £
Church retreats and events 782 - 782 17,025

Page 13

CHURCHCENTRAL TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

5 Charitable expenditure

a
Costs incurred directly on specific activities
Church staff costs
Church staff expenses
Manse rental
Community outreach
Church retreat
Student work and weekend away
Events and training
Church meeting costs
Other costs
Building expenditure
CAP costs
International ministry support
Creative ministry expenses (Sputnik initiative)
Prison Bags expenses
Is Faith Reasonable event expenses
Distributions of donated goods (namely hampers - see note 3)
Grants payable (note 5c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee for examining the accounts
Legal and professional fees
Mortgage interest
Depreciation of tangible fixed assets
Office costs
Total expenditure
c
Grants payable
Grants for UK and overseas mission
Grants to help relieve hardship
The comparatives for the previous year are as follows:
Grants for UK and overseas mission		 Unrestricted
Funds
£
244,078
4,314
12,000
681
-
231
3,681
7,595
1,752
7,551
-
-
-
-
-
-
24,600
306,482
3,120
4,712
7,832
-
6,172
17,135
31,139
337,621		 Restricted
Funds
£
69,637
-
-
-
-
-
-
-
-
31,509
1,146
3,554
12,111
340
-
-
127,363
245,660
-
-
-
5,999
-
-
5,999
251,659
Institutions
£
60,357
1,100
61,457
Institutions
£
45,323		 Total
2021
£
313,715
4,314
12,000
681
-
231
3,681
7,595
1,752
39,060
1,146
3,554
12,111
340
-
-
151,963
552,142
3,120
4,712
7,832
5,999
6,172
17,135
37,138
589,280
Individuals
£
85,805
4,701
90,506
Individuals
£
55,750		 Total
2020
£
299,736
11,161
12,000
3,076
20,350
4,616
12,715
54,676
1,745
8,992
8,147
8,092
15,556
-
5,946
1,250
101,074
569,132
3,066
-
3,066
6,181
7,708
18,922
35,877
605,009
2021
£
146,162
5,801
151,963
2020
£
101,074

Page 14

CHURCHCENTRAL TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

5c Grants payable continued

The charity's principal grants to institutions comprised:

charity's principal grants to institutions comprised:
Karis Neighbour Scheme
Catalyst Oxford Hub
The Bridge
Run4Refugees
Urban Devotion
CAP grants
Churches in Turkey
Noor International Trust : for international ministry generally
Noor International Trust : to help support churches in Turkey
Other small grants		 2021
£
2,400
19,500
2,400
-
1,000
-
2,020
14,969
18,068
1,100
61,457		 2020
£
2,400
26,064
2,400
5,554
-
2,466
6,240
-
200
45,323

During the year a new independent charity called Noor International Trust (charity registration number 1187144) was established to continue some of the charity's international work and at the year-end grants totalling £33,037 were paid across to this new charity.

6 Analysis of staff costs, the cost of key management personnel and trustee remuneration

ysis of staff costs, the cost of key management personnel and trustee remuneration
Gross wages and salaries
Social security
Pension costs		 2021
£
274,887
25,158
13,670
313,715		 2020
£
261,503
23,516
14,717
299,736

The average monthly number of employees during the year was 8.5 (2020: 8). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:

The charity's key management comprise the trustees and the key staff named on the Company Information page. Total
benefits payable to key management for the year were as follows:		 employment
Employer
Wages &
pension
salaries
contributions
Trustees:
Jonathan Bell
39,275
2,545
Timothy Brown
44,801
2,240
The following amounts were charged in the previous year:
Employer
Wages &
pension
salaries
contributions
Trustees:
Jonathan Bell
38,452
2,523
Timothy Brown
44,434
2,222		 2021
£
41,820
47,041
88,861
2020
£
40,975
46,655
87,631

J Bell was employed as a church leader and T Brown was employed as operations manager. They received the above payments for serving in those capacities, not for serving as trustees; these payments are permitted by the charity's governing document.

In addition the charity leased a property from J Bell for £12,000 (2020: £12,000), which it then provided to him so that he could better perform his duties (as is customary for church leaders).

Page 15

CHURCHCENTRAL TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

7 Tangible fixed assets

Cost
At 1 April 2020
Additions
At 31 March 2021
Accumulated depreciation
At 1 April 2020
Charge for the year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Long
Leasehold
Property
£
456,758
-
456,758
21,479
6,172
27,651
429,107
435,279		 Fixtures &
Fittings
£
2,350
-
2,350
2,350
-
2,350
-
-		 PA and
music
equipment
£
33,257
-
33,257
33,257
33,257
-
-		 Office
Equipment
& Trailer
£
9,506
-
9,506
9,506
-
9,506
-
-		 Total
2021
£
501,871
-
501,871
66,592
6,172
72,764
429,107
435,279

The long leasehold property is a lease for Central House, which expires in October 2090.

8 Debtors

Tax recoverable
Other debtors
at bank and in hand
Cash at bank and in payment processing accounts (such as iKnow)
itors: amounts falling due within one year
Taxation and social security
Accruals
Other creditors
Mortgage liability
itors: amounts falling due after more than one year
Mortgage liability
The mortgage liability is secured on the building shown in note 7.		 2021
£
6,460
1,219
7,679
2021
£
238,371
238,371
2021
£
7,084
3,120
3,160
7,746
21,110
2021
£
149,805		 2020
£
7,104
2,879
9,983
2020
£
221,823
221,823
2020
£
6,798
3,520
3,039
7,429
20,786
2020
£
157,371

9 Cash at bank and in hand

10 Creditors: amounts falling due within one year

11 Creditors: amounts falling due after more than one year

Page 16

CHURCHCENTRAL TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

12 Loans and finance leases

The mortgage liabilities referred to in notes 10 and 11 fall due for repayment as follows:

Loans and finance leases
The mortgage liabilities referred to in notes 10 and 11 fall due for repayment as follows:
Repayable:
Within one year
Between one and five years
After five years		 By
instalments
7,746
33,832
115,973
157,551		 2021
2020
£
£
7,746
7,429
33,832
32,445
115,973
124,927
157,551
164,800
Mortgage
164,800

The mortgage referred to in the above notes is secured on charity's long leasehold property. Interest is payable at a fixed rate, which at the balance sheet date was 3.49%. The loan is being repaid in monthly instalments and must be repaid in full by 2036.

13 Pension commitments

During the year employer’s pension contributions totalling £13,670 (2020: £14,717) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2020: £nil).

14 Funds

During the year the movements in the charity's funds were as follows:

Restricted Funds
Missionary Support Fund
International Church Plants
Other Funds
Building Fund
New Frontiers Regional Support
Hardship Fund
International Ministry Fund
Run4Refugees Fund
Coronavirus Fund
Is Faith Reasonable Fund
Sputnik Fund
CAP Project Fund
CAP Life Skills Fund
Beirut Friendship Fund
Weekend Away Fund
Cross Cultural Fund
2020 Birmingham Fund
Unrestricted funds
Aggregate of funds		 Opening
balance
2021
£
57,942
16,055
2,717
41,265
250
9,997
14,533
-
1,650
754
1,976
-
258
-
3,684
-
-
151,081
337,846
488,927		 Incoming
resources
2021
£
55,071
3,290
3,120
26,550
1,000
250
67,565
-
5,478
-
12,661
-
-
38,628
-
12,486
11,364
237,463
367,132
604,595		 Outgoing
resources
2021
£
(50,126)
(20,088)
(340)
(37,510)
(1,000)
(2,650)
(77,590)
-
(3,051)
-
(12,111)
(656)
(490)
(35,000)
(478)
(10,569)
-
(251,659)
(337,621)
(589,280)		 Transfers
in the year
2021
£
6,600
-
-
(7,249)
-
-
(3,000)
-
3,206
-
1,000
656
232
-
(3,206)
-
-
(1,761)
1,761
-		 Closing
balance
2021
£
69,487
(743)
5,496
23,057
250
7,597
1,508
-
7,283
754
3,527
-
-
3,628
-
1,917
11,364
135,124
369,118
504,242

Page 17

CHURCHCENTRAL TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

14 Funds continued

The transfers referred to above were made for the following reasons:

Analysis of net assets by fund

At the end of the year the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year
Creditors falling due after one year		 General
Designated
funds
funds
£
£
429,107
-
7,062
-
102,469
-
(19,714)
-
(149,805)
-
369,118
-
Unrestricted Funds		 Restricted
funds
£
-
618
135,902
(1,396)
-
135,124		 2021
£
429,107
7,679
238,371
(21,110)
(149,805)
504,242

In the previous year the movements in the charity's funds were as follows:

Restricted Funds
Missionary support fund
International church plants
Other funds
Building fund
New Frontiers regional support
Hardship fund
International ministry
Run4Refugees
Coronavirus
Is Faith Reasonable
Sputnik
CAP Project
CAP Life Skills
Weekend Away
Unrestricted funds
Aggregate of funds		 Opening
balance
2020
£
39,169
7,828
4,165
8,426
200
11,151
250
4,311
-
-
-
-
-
-
75,500
369,461
444,961		 Incoming
resources
2020
£
60,537
16,418
2,621
32,839
5,750
625
77,890
1,263
1,650
67
16,457
11,933
-
24,034
252,082
396,894
648,976		 Outgoing
resources
2020
£
(49,564)
(6,240)
(4,521)
-
(8,064)
(1,779)
(65,557)
(5,574)
-
-
(15,556)
(22,495)
(448)
(20,350)
(200,148)
(404,862)
(605,009)		 Transfers
in the year
2020
£
7,800
(1,950)
452
-
2,364
-
1,950
-
-
687
1,075
10,562
706
-
23,646
(23,646)
-		 Closing
balance
2020
£
57,942
16,055
2,717
41,265
250
9,997
14,533
-
1,650
754
1,976
-
258
3,684
151,081
337,846
488,927

Page 18

CHURCHCENTRAL TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

14 Funds continued

Analysis of net assets by fund

In the previous year the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year
Creditors falling due after one year		 General
Designated
funds
funds
£
£
435,279
-
8,389
-
69,296
-
(17,746)
-
(157,371)
-
337,846
-
Unrestricted Funds		 Restricted
funds
£
-
1,594
152,527
(3,039)
-
151,081		 2020
£
435,279
9,983
221,823
(20,786)
(157,371)
488,927
The charity's restricted funds comprise: The charity's restricted funds comprise:
Missionary Support Fund Created from donations received to help support the activities of individuals engaged in
advancingthe Christian faith.
International Church Plants Created from donations received to support the work of two churches operating in Turkey.
Other Funds Created from donations received for a varietyof other smallprojects.
Building Fund Created from donations received to help finance the future purchase of, or expenditure on,
propertyand related capital expenditure.
New Frontiers Regional support Created from donations received for pastoral and training support within the Newfrontiers
Catalyst network of Churches.
Hardship Fund Created from donations received to provide short- to mid-term practical assistance to
those in financial hardship within the Church.
International Ministry Fund Created from donations and grants received to support international ministry, including
pastoral work.
Run4Refugees Fund Created from monies received from an event organised to raise money for refugees in both
Birmingham and Turkey. Half of the money received was given to a Birmingham charity
working with refugees called Restore, and the other half to a Catalyst Church in Yalova,
Turkey who work with refugees.
Coronavirus Fund Created from donations received to help support those impacted by the Coronavirus
pandemic.
Is Faith Reasonable Fund Created from monies received to help pay for larger evangelical events in Birmingham; this
initiative is supported by a number of churches across the city.
Sputnik Fund Created from donations and grants received to support the work of Sputnik, which aims to
support andpromote Christian artists across the UK.
CAP (Christians Against Poverty) Project Created from donations received to help support the work of a CAP Debt Counselling
Centre.
CAP Life Skills Fund Created from donations received to help run the CAP life skills course; the course is
designed to help those on low incomes.
Beirut Friendship Fund Created from donations received to help the mission teams in Beirut support those in
Beirut affected by recent crises in the area, for example through the provision of food
parcels.
Weekend Away Created from monies received for church retreats.
Cross Cultural Fund Created from donations received to helpemploya cross cultural worker.
2020 Birmingham Fund Created from donations received to help promote church planting in Birmingham as part of
a city wide initiative called 2020 Birmingham.

Page 19

CHURCHCENTRAL TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

Except as disclosed in note 6 'Analysis of staff costs', there have been no other transactions with related parties during the year.

16 Members

Each member of the company commits to contribute if the charity is wound up an amount of £10.

Page 20

CHURCHCENTRAL TRUST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 MARCH 2021

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Total income and endowments
EXPENDITURE ON:
Charitable activities:
5
Total Expenditure
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14		 General
Funds
2021
£
366,350
782
367,132
337,621
337,621
29,511
1,761
31,272
337,846
369,118
Unrestri		 Unrestri Designated
Funds
2021
£
-
-
-
-
-
-
-
-
-
-
cted Funds		 Restricted
Funds
2021
£
237,463
-
237,463
251,659
251,659
(14,196)
(1,761)
(15,957)
151,081
135,124		 Total
Funds
2021
£
603,813
782
604,595
589,280
589,280
15,315
-
15,315
488,927
504,242		 General
Funds
2020
£
385,022
11,872
396,894
404,862
404,862
(7,968)
(23,646)
(31,615)
369,461
337,846
Unrestrict		 Unrestrict Designated
Funds
2020
£
-
-
-
-
-
-
-
-
-
-
ed Funds		 Restricted
Funds
2020
£
246,929
5,153
252,082
200,148
200,148
51,934
23,646
75,581
75,500
151,081		 Total
Funds
2020
£
631,951
17,025
648,976
605,009
605,009
43,966
-
43,966
444,961
488,927

Page 21