OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← The Christian Community In London Limited

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 06449771 (England and Wales) REGISTERED CHARITY NUMBER: 1123227

THE CHRISTIAN COMMUNITY IN LONDON LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Shaw Gibbs Audit Ltd 264 Banbury Road Oxford Oxfordshire OX2 7DY

THE CHRISTIAN COMMUNITY IN LONDON LTD

CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31st March 2025

Page
Report of the Trustees 1 to 4
Report of the Independent Auditor 5 to 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 to 20
Detailed Statement of Financial Activities 21 to 22

THE CHRISTIAN COMMUNITY IN LONDON LTD

REPORT OF THE TRUSTEES for the year ended 31st March 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of 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 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The aim of The Christian Community, Movement for Religious Renewal is to further the religious and spiritual life, based on the celebration of the seven sacraments in a renewed form, from which flow pastoral care, spiritual direction and an active community life.

The Church needs to provide buildings for these celebrations and activities. We fundraise for the costs associated with running the church, notably the maintenance of a priest and the costs of maintaining and running the church. Temple Lodge Club, the wholly owned subsidiary trading company, raises funds to maintain our building and site, and provides a human setting for our work.

The regular services along with the pastoral and educational work of the priest form the basis of the church's activity, along with its outreach work of regular talks, lectures, gospel study and working groups. The church is host to concerts and other artistic events. All events are open to the general public.

Regular church and committee meetings of the church in London and the broader Christian Community in Great Britain with its Synod and executive committee meetings have taken place in our venue again during the year. Regular courses, conferences and study sessions for members, friends and enquirers, which help in understanding and the significance of Christianity and The Christian Community, feature in our programme of activities.

The conversion and partial rebuilding of Sir Frank Brangwyn's former studio to create the church for The Christian Community in London has served to provide a single centre in London for its services and activities. The mezzanine floor with its 'northern light' windows was retained and continues to be let to The Gate Vegetarian Restaurant, which as our long-term tenants provide useful income as well as human support.

The Temple Lodge Club Guesthouse continues to provide accommodation to visitors to London, as well as spaces for conferences/meetings of other organisations.

We took the opportunity to tackle the backlog of major repairs, some of which had been delayed by the uncertainties of the Covid time. This has put us in a better position going into the future, with less ongoing repair costs.

Our management structure, with a Guesthouse Manager (not a priest) a clear delineation of responsibilities within the church and Guesthouse continues to aid our operation. The church Treasurer is managing donations from members and income from church activities. The directors are confident that these changes will mean that the Charity will return at least to a break-even position in the short to medium term.

Public benefit

Services and activities of The Christian Community are open to all. Priestly pastoral care provides a sense of purpose and meaning in life which has demonstrable benefits for those who receive it. Our pastoral practice extends far beyond regular church attenders. The sense of community fostered by our activities brings succour and help to many people who would otherwise be turning to social services and includes the safeguarding of children and vulnerable adults.

Temple Lodge Club provides quiet, comfortable and relaxing accommodation for the many visitors to London. All our activities derive from the ethos of the church and are compatible fund-raising for the support and maintenance of the church building. Without them it would be unable to fulfil its tasks, pastoral and spiritual, which are dependent on the celebration of the sacraments. Likewise the letting of rooms for meetings in Temple Lodge performs a service to both the local and wider national community

Page 1

THE CHRISTIAN COMMUNITY IN LONDON LTD

REPORT OF THE TRUSTEES for the year ended 31st March 2025

ACHIEVEMENTS AND PERFORMANCE

Monthly donations from members of the congregation have shown a steady increase over the year, with some new donors coming on board in the last few months. While these donations do not fully cover our priest's expenses, we do have sporadic additional income from sacramental donations (e.g. for funerals). The other activities of the Charity raise enough revenue to support our priest.

FINANCIAL REVIEW

The charity continues with its strong and professionally established administrative procedures.

This year the charity is reporting net expenditure of £157,492 as shown in the Statement of Financial Activities, however, after excluding exceptional items, the charity is reporting net expenditure of £82,492.This compares with net expenditure of £597,614 in the previous year. The decrease in the level of net expenditure reflects the impact of the increased total income with good cost management.

Further details of exceptional items are found in Note 8.

Reserves Policy

The policy for reserves is to set aside one of the investment properties with an estimated value of £800,000 and an extra £100,000 to cover the immediate costs of the charity.

At the balance sheet date total funds amounted £7,803,548 all of which were unrestricted. Of this total £5,649,754 is represented by freehold properties & their contents, £1,650,000 by residential and investment properties and £41,000 by the net investment in its subsidiary, being a total of £7,340,754. This leaves net funds of £462,794 which can be considered to represent the unrestricted general funds of the charity, separate to the investment property noted above. These funds are held primarily in the form of cash and other short term debtors and creditors.

FUTURE PLANS

The Charity continues to focus on its spiritual ministry activities, primarily through the church. The major repairs to the building will help to ensure a more predictable level of spending for the upkeep of the building.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees consider that the principal risks faced by the charity relate to the operational management of its trading subsidiary and the general financial management and position of the charity. The trustees have sought to mitigate these risks through the following principal measures:

Page 2

THE CHRISTIAN COMMUNITY IN LONDON LTD

REPORT OF THE TRUSTEES for the year ended 31st March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Christian Community was founded in 1922 in Central Europe and has worked since then as an autonomous Movement for the Renewal of the Religious Life. It is concerned with the advancement of religion by working toward a renewal of Christianity by building free congregations and uniting people who wish to become Christians in a form suitable to our time.

The Christian Community in London Limited is established with a memorandum and articles of association as a charitable company, registered with The Charity Commission under the registration number 1123227, and a Company registration number 06449771. The effective starting date was 1st April 2008. Its intention is to foster the renewal of the religious life in particular in London. It is administered by a board of directors and is affiliated with The Christian Community in Great Britain (Reg. Charity No. 210029) working in close cooperation with their representatives in terms of the objectives of the church. Decisions taken by them are incorporated into the activities of the Christian Community in London.

It is administered by a board of trustees, 6 to 9 in number, appointed from the ordained priests and lay members of The Christian Community in the British region, who meet regularly during the year. At least one of the priests, a lay member and the treasurer have to be from the greater London area. Resignations and appointments are made at the Annual General Meeting.

The administration of the Church and its buildings is the responsibility of the resident priest and his fellow directors who meet 2 - 3 times a year. The priest also meets regularly with a church council drawn from amongst its members to discuss the ongoing affairs of the church and its development. A small team including an administrator, a housekeeper and other staff takes on management of the day-to-day affairs of the church and its associated activities including those of the Temple Lodge Club Ltd., which is the fund-raising subsidiary of The Christian Community.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

06449771 (England and Wales)

Registered Charity number

1123227

Registered office

Temple Lodge 51 Queen Caroline Street Hammersmith LONDON W6 9QL

Trustees

The Rev T O Ravetz Mrs B Johnstone Mrs L M Sofair Rev N I T Lumsden Minister of Religion R M Merle (appointed 27.6.25) M Willby (appointed 26.7.24)

Company Secretary

Mrs L M Sofair

Auditor

Shaw Gibbs Audit Ltd 264 Banbury Road Oxford Oxfordshire OX2 7DY

Page 3

THE CHRISTIAN COMMUNITY IN LONDON LTD

REPORT OF THE TRUSTEES for the year ended 31st March 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of The Christian Community in London Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees 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. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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.

In so far as the trustees are aware:

AUDITOR

The auditors, Shaw Gibbs Audit Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ The Rev T O Ravetz - Trustee

Page 4

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF THE CHRISTIAN COMMUNITY IN LONDON LTD

Opinion

We have audited the financial statements of The Christian Community in London Ltd (the 'charitable company') for the year ended 31st March 2025 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditor thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 5

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF THE CHRISTIAN COMMUNITY IN LONDON LTD

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 6

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF THE CHRISTIAN COMMUNITY IN LONDON LTD

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditor that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

Page 7

REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF THE CHRISTIAN COMMUNITY IN LONDON LTD

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditor.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditor.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Lance Redman (Senior Statutory Auditor) for and on behalf of Shaw Gibbs Audit Ltd 264 Banbury Road Oxford Oxfordshire OX2 7DY

Date: .............................................

Page 8

THE CHRISTIAN COMMUNITY IN LONDON LTD

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the year ended 31st March 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
3
Church
Retreat centre
Investment income
2
Total
EXPENDITURE ON
Raising funds
Investment management costs
4
Charitable activities
5
Church
Retreat centre
Support
Other
8
Total
NET INCOME/(EXPENDITURE)
Other recognised gains/(losses)
Gains on revaluation of fixed assets
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
32,503
2,177
18,345
115,881
168,906
36,263
36,263
66,467
1,368
147,300
75,000
326,398
(157,492)
-
(157,492)
7,961,040
7,803,548		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2025
Total
funds
£
32,503
2,177
18,345
115,881
168,906
36,263
36,263
66,467
1,368
147,300
75,000
326,398
(157,492)
-
(157,492)
7,961,040
7,803,548		 2024
Total
funds
£
22,425
2,508
33,256
109,614
167,803
48,675
48,675
78,930
219
137,593
500,000
765,417
(597,614)
88,000
(509,614)
8,470,654
7,961,040

The notes form part of these financial statements

Page 9

THE CHRISTIAN COMMUNITY IN LONDON LTD

BALANCE SHEET

31st March 2025

Notes
FIXED ASSETS
Tangible assets
12
Investments
Investments
13
Residential Properties
14
CURRENT ASSETS
Debtors
15
Cash at bank
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
17
Unrestricted funds
TOTAL FUNDS		 Unrestricted
Restricted
fund
fund
£
£
5,649,754
-
41,000
-
1,650,000
-
7,340,754
-
377,690
-
118,471
-
496,161
-
(33,367)
-
462,794
-
7,803,548
-
7,803,548
-		 2025
Total
funds
£
5,649,754
41,000
1,650,000
7,340,754
377,690
118,471
496,161
(33,367)
462,794
7,803,548
7,803,548
7,803,548
7,803,548		 2024
Total
funds
£
5,713,526
41,000
1,650,000
7,404,526
338,499
243,444
581,943
(25,429)
556,514
7,961,040
7,961,040
7,961,040
7,961,040

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

.............................................

T O Ravetz - Trustee

The notes form part of these financial statements

Page 10

THE CHRISTIAN COMMUNITY IN LONDON LTD

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31st March 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Raising funds

This represents costs relating to the management and maintenance of the investment properties.

Charitable activities

This is represented by the costs of running the church including it's associated activities, and the retreat centre.

Governance costs

These costs include legal, accountancy and audit fees.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost Improvements to property - 2% on cost Fixtures and fittings - 20% on reducing balance Computer equipment - 20% on reducing balance

Residential properties

Residential properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

continued...

Page 11

THE CHRISTIAN COMMUNITY IN LONDON LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31st March 2025

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. INVESTMENT INCOME

Rents receivable
Rents received from subsidiary
Interest on subsidiary loan
Deposit account interest
3.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Room hire
Church
Sundry income
Church
Rents & services
Retreat centre
Room hire
Retreat centre
Sundry income
Retreat centre
4.
INVESTMENT MANAGEMENT COSTS
Property maint & repair costs
Maintenance charges		 2025
£
41,200
24,000
47,257
3,424
115,881
2025
£
908
1,269
(254)
18,599
-
20,522
2025
£
29,589
6,674
36,263		 2024
£
33,719
24,000
48,364
3,531
109,614
2024
£
704
1,804
22,653
10,293
310
35,764
2024
£
42,810
5,865
48,675

5. CHARITABLE ACTIVITIES COSTS

Church
Retreat centre
Support		 Grant
funding of
activities
Direct
(see note
Costs
6)
£
£
58,339
8,128
1,368
-
44,720
-
104,427
8,128		 Support
costs (see
note 7)
£
-
-
102,580
102,580		 Totals
£
66,467
1,368
147,300
215,135

continued...

Page 12

THE CHRISTIAN COMMUNITY IN LONDON LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31st March 2025

6. GRANTS PAYABLE

==> picture [441 x 91] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |£|£| |Church|8,128|7,490| |The total grants paid to institutions during the year was as follows:| |2025|2024| |£|£| |Christian Community in Great Britain|8,128|7,490|

----- End of picture text -----

All the grants payable in the year relate to a single registered charity, the Christian Community in Great Britain.

The Christian Community in Great Britain shares similar objectives as the charitable company but is not under common control.

Further information regarding the Christian Community in Great Britain, can be found in the Related Party Note.

7. SUPPORT COSTS

==> picture [440 x 47] intentionally omitted <==

----- Start of picture text -----
||||| |---|---|---|---| |Governance| |Management|costs|Totals| |£|£|£| |Support|75,602|26,978|102,580|

----- End of picture text -----

Support costs can be apportioned equally between each activity.

Support costs, included in the above, are as follows:

Management

==> picture [446 x 187] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |2025|2024| |Total| |Support|activities| |£|£| |Wages|17,812|136,280| |Social security|804|4,272| |Pensions|15,401|8,677| |Rates and water|661|1,886| |Light and heat|5,849|24,721| |Bad debts|149|(1,219)| |-| |Cleaning|19,429| |-| |Shared salary adjustments|(149,680)| |Depreciation of tangible and heritage assets|33,772|33,923| |Bank interest|1,154|1,596| |75,602|79,885|

----- End of picture text -----

continued...

Page 13

THE CHRISTIAN COMMUNITY IN LONDON LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31st March 2025

7. SUPPORT COSTS - continued Governance costs

SUPPORT COSTS - continued
Governance costs
2025 2024
Total
Support activities
£ £
Auditors' remuneration 10,800 8,580
Auditors' remuneration for non audit work 14,901 13,121
Accountancy and legal fees 1,277 15,343
26,978 37,044

8. OTHER

The amount owed by group undertakings, as shown in note 15, relates to a loan provided to its subsidiary, Temple Lodge Cub Ltd ("TLC"). This loan was made to enable TLC to undertake major improvements to the property owned by the charity, in order to further facilitate its Bed and Breakfast activities.This arrangement has increased the value of the Charity's interest in the property, but the magnitude of the loan has proven to be in excess of the subsidiary's capacity to repay within the initial lease term. Following a review of the outstanding balance on the loan, and the other elements of the financial relationship between the two companies, the trustees approved a formal write off of £575,000 of the loan balance as at 31st March 2025. A provision of £500,000 was made against the outstanding amount as at 31st March 2024 and therefore the remaining balance of £75,000 has been recognised as a further charge within these financial statements. The trustees believe that the revised loan position reflects a more reasonable basis for the amount which the subsidiary is expected to be able to repay from future profitable trading. Further details regarding the presentation of the remaining loan balance between the amount due within and after one year is given in note 15.

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Auditors' remuneration 2025
2024
£
£
10,800
8,580
Auditors' remuneration for non audit work 14,901
13,121
Depreciation - owned assets 63,772
63,923

10. TRUSTEES' REMUNERATION AND BENEFITS

Priest's/Trustee's stipend
Priest's/Trustee's pension contributions to defined benefit schemes
Other remuneration (see below)		 2025
£

11,700
2,160
-

13,860		 2024
£
10,800
9,393
940

21,133

continued...

Page 14

THE CHRISTIAN COMMUNITY IN LONDON LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31st March 2025

10. TRUSTEES' REMUNERATION AND BENEFITS - continued

Trustees' expenses

During the financial year one trustee acted as the priest for the charity's London congregation. In this role, they also received reimbursement for various expenses. These are included in "Other remuneration" above to the extent that they do not relate to their work for the company or its subsidiary. For the financial year, they comprised of personal costs nil (2024: £940). Separate to the amounts reported above the charity made pension payments in respect of a former priest/trustee totalling £8,615 (2024 : £7,233).

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2025
£
29,512
804
17,561
47,877		 2024
£
147,080
4,272
10,837
162,189
The average monthly number of employees during the year was as follows:
Retreat Centre and B&B Management
Cleaning and catering staff		 2025
1
8
9		 2024
1
12
13

No employees received emoluments in excess of £60,000.

The staff costs stated above, include the priest's stipend and also the costs which were recharged to Temple Lodge Club Ltd for the running of the bed and breakfast. The total recharged in the year was nil (2024: £149,680).

The Trustees consider that Rev T Ravetz and Rev N Lumsden the priest comprised the Key Management of the charity. Details of the remuneration received by them are given in note 10 and relate solely to the priest.

12. TANGIBLE FIXED ASSETS

COST
At 1st April 2024 and 31st March 2025
DEPRECIATION
At 1st April 2024
Charge for year
At 31st March 2025
NET BOOK VALUE
At 31st March 2025
At 31st March 2024		 Freehold
property
£
5,000,000
480,000
30,000
510,000
4,490,000
4,520,000		 Altar
painting
£
2,000
-
-
-
2,000
2,000		 Improvements
to
property
£
1,495,769
323,540
29,914
353,454
1,142,315
1,172,229

continued...

Page 15

THE CHRISTIAN COMMUNITY IN LONDON LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31st March 2025

12. TANGIBLE FIXED ASSETS - continued

COST
At 1st April 2024 and 31st March 2025
DEPRECIATION
At 1st April 2024
Charge for year
At 31st March 2025
NET BOOK VALUE
At 31st March 2025
At 31st March 2024		 Fixtures
and
fittings
£
20,230
16,187
808
16,995
3,235
4,043		 Computer
equipment
£
20,447
5,193
3,050
8,243
12,204
15,254		 Totals
£
6,538,446
824,920
63,772
888,692
5,649,754
5,713,526

Included in the cost of Freehold property above, is freehold land with an estimated value of £3,500,000, which has not been depreciated.

13. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
MARKET VALUE
At 1st April 2024 and 31st March 2025		 Capital
Investment
£
41,000
NET BOOK VALUE
At 31st March 2025		 41,000
At 31st March 2024 41,000

There were no investment assets outside the UK.

The charity received restricted donations to assist with the building of the Garden rooms on the freehold property owned by the charity and leased to its trading subsidiary, Temple Lodge Club Ltd, which carried out the work. The sums received, together with associated gift aid, were passed over to the subsidiary in the form of a capital investment in that company and are reflected as a long term investment.

continued...

Page 16

THE CHRISTIAN COMMUNITY IN LONDON LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31st March 2025

14. RESIDENTIAL PROPERTIES

£

FAIR VALUE
At 1st April 2024
and 31st March 2025
NET BOOK VALUE
At 31st March 2025
At 31st March 2024		 1,650,000
1,650,000
1,650,000

These properties are held for the primary purpose of providing accommodation for priests, but when not required for this purpose the properties may be rented out.

During the financial year only one of the properties, which is a freehold was not occupied by a priest and has been rented out. It's market value included in the total above, is £1,000,000.

All properties are held in the UK.

Fair value at 31st March 2025 is represented by:

Fair value at 31st March 2025 is represented by:
Valuation in 2014 £
173,188
Valuation in 2016 45,000
Valuation in 2019 200,000
Valuation in 2022 312,000
Valuation in 2024 88,000
Cost 831,812
1,650,000

15. DEBTORS

DEBTORS
Amounts falling due within one year: 2025
2024
£
£
Trade debtors 2,625
2,106
Amounts owed by group undertakings 76,438
32,573
Other debtors 10,359
6,873
Prepayments and accrued income 591
1,270
90,013
42,822
Amounts falling due after more than one year:
Amounts owed by group undertakings 287,677
295,677
Aggregate amounts 377,690
338,499

The amounts owed by group undertakings are due from the charity's subsidiary company and are technically repayable on demand. They mainly relate to a loan which is accruing interest at 1% above the Bank of England official bank rate. As it is not expected to be repaid within one year, the outstanding amount at the balance sheet date has been split to reflect the directors' estimate of the likely capital repayments within the following 12 months, with the balance shown as falling due after more than one year.

continued...

Page 17

THE CHRISTIAN COMMUNITY IN LONDON LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31st March 2025

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income		 2025
£
-
2,064
494
30,809
33,367		 2024
£
10,242
2,163
319
12,705
25,429

17. MOVEMENT IN FUNDS

Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS		 At 1.4.24
£
7,961,040
7,961,040
Incoming
resources
£
168,906
168,906
At 1.4.23
£
8,470,654
8,470,654		 Net
movement
in funds
£
(157,492)
(157,492)
Resources
expended
£
(326,398)
(326,398)
Net
movement
in funds
£
(509,614)
(509,614)		 At
31.3.25
£
7,803,548
7,803,548
Movement
in funds
£
(157,492)
(157,492)
At
31.3.24
£
7,961,040
7,961,040

continued...

Page 18

THE CHRISTIAN COMMUNITY IN LONDON LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31st March 2025

17. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
167,803
(765,417)
88,000
(509,614)
167,803
(765,417)
88,000
(509,614)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.4.23
£
8,470,654
8,470,654		 Net
movement
in funds
£
(667,106)
(667,106)		 At
31.3.25
£
7,803,548
7,803,548

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
336,709
(1,091,815)
88,000
(667,106)
336,709
(1,091,815)
88,000
(667,106)

18. RELATED PARTY DISCLOSURES

Temple Lodge Club Ltd

Temple Lodge Club Ltd is a wholly owned subsidiary of the company. The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Christian Community in Great Britain

During the year Reverend T Ravetz was also a director of The Christian Community in Great Britain.

The charitable company makes an annual contribution to Christian Community in Great Britain which amounted to £8,128 (2024: £7,490).

Pension payments

During the year the company made contributions towards the pension of a former priest, who was also a trustee of the charity during his period of office totalling £8,615 (2024: £7,233).

continued...

Page 19

THE CHRISTIAN COMMUNITY IN LONDON LTD

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31st March 2025

19. INVESTMENT IN SUBSIDIARIES

The charitable company is the sole member of Temple Lodge Club Ltd, a limited company registered in England and Wales, which provides bed and breakfast accommodation. As at 31st March 2025, the subsidiary had aggregate net assets of £255,928 (2024: net liabilities £124,278), and a loss for the year of £131,650 (2024:£53,773).

Page 20

THE CHRISTIAN COMMUNITY IN LONDON LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31st March 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Legacies
Grants
Investment income
Rents receivable
Rents received from subsidiary
Interest on subsidiary loan
Deposit account interest
Charitable activities
Rents & services
Room hire
Sundry income
Total incoming resources
EXPENDITURE
Investment management costs
Property maint & repair costs
Maintenance charges
Charitable activities
Trustee's stipend
Trustees' pension contributions
Insurance
Telephone
Sundries
Repairs & renewals
Cleaning
Church costs
Depreciation of tangible fixed assets
Grants to institutions		 2025
£
22,950
3,486
4,000
2,067
32,503
41,200
24,000
47,257
3,424
115,881
(254)
19,507
1,269
20,522
168,906
29,589
6,674
36,263
11,700
2,160
4,498
52
1,299
44,396
603
9,719
30,000
8,128
112,555		 2024
£
18,268
3,907
-
250
22,425
33,719
24,000
48,364
3,531
109,614
22,653
10,997
2,114
35,764
167,803
42,810
5,865
48,675
10,800
2,160
17,506
60
1,364
20,664
156
9,613
30,000
7,490
99,813

This page does not form part of the statutory financial statements

Page 21

THE CHRISTIAN COMMUNITY IN LONDON LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31st March 2025

Charitable activities
Other
Exceptional items
Support costs
Management
Wages
Social security
Pensions
Rates and water
Light and heat
Bad debts
Cleaning
Shared salary adjustments
Depn improvements to property
Depn fixtures & fittings
Depn computer equipment
Bank interest
Governance costs
Auditors' remuneration
Auditors' remuneration for non audit work
Accountancy and legal fees
Total resources expended
Net expenditure		 2025
£
75,000
17,812
804
15,401
661
5,849
149
-
-
29,914
808
3,050
1,154
75,602
10,800
14,901
1,277
26,978
326,398
(157,492)		 2024
£
500,000
136,280
4,272
8,677
1,886
24,721
(1,219)
19,429
(149,680)
29,916
906
3,101
1,596
79,885
8,580
13,121
15,343
37,044
765,417
(597,614)

This page does not form part of the statutory financial statements

Page 22