## **THE CITY CHURCH**
Report and Financial Statements for the year ended 31 August 2024
Company number: 06732225
Registered charity number: 1130031
## **THE CITY CHURCH**
Trustees’ Report and Financial Statements for the year ended 31 August 2024
## **Index**
||Page|
|---|---|
|Trustees’ report|1|
|Independent examiner’s report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Statement of cash flows|7|
|Notes to the financial statements|8|
||------------------------------------------|
|Company number|06732225|
|Registered charity number|1130031|
|Secretary|Mr S D Clark|
|Trustees|Mrs K Bailey|
||Mr S D Clark|
||Mr P Gregory|
||Mr A Ntung|
||Mr M S Segal|
||Mrs F Thomas|
|Registered office:|34a Simmonds Road|
||Wincheap Industrial Estate|
||Canterbury|
||Kent|
||CT1 3RA|
|Independent examiner|Mr C M Geary|
------------------------------------------
## **THE CITY CHURCH**
## Trustees’ Report
The Trustees present their annual report and financial statements of The City Church for the year ended 31 August 2024.
The City Church is a company limited by guarantee, and it is registered as a charity with the Charity Commission. Its principal address is 34a Simmonds Road, Wincheap Industrial Estate, Canterbury, Kent, CT1 3RA.
## **Principal activity**
The objectives of The City Church are the advancement of the Christian religion according to evangelical and biblical principles.
## **Trustees**
The trustees during the year were as follows:
Mrs K Bailey Mr S D Clark Mr P Gregory Mr C Pickford – resigned 25 July 2024 Mr M S Segal Mr T J Wilson – resigned 4 April 2025 Mr A Ntung Mrs F Thomas – appointed 6 November 2023
All of the trustees are also directors of the company. Mrs F Thomas was appointed a director on 6 November 2023, while Mr C Pickford resigned during the financial year on 25 July 2024.
## **Review of activities and achievements**
The church is led by a four man Eldership team, with two being full-time employees and one of those also being a director. They are supported in the day-to-day operations by a team of ten men and women comprising four fulltime, six part-time staff and two volunteers.
During the year the church has continued to grow and thrive with Sunday service attendance regularly over 500 people. The church continues to utilise technology to stream Sunday meetings to reach a wider audience and provide access to those who are unable to come to church services in person.
1
## **THE CITY CHURCH**
Trustees’ Report (continued)
Weekly worship meetings were held at Canterbury Academy. Other church activities and programmes listed below continued throughout the year:-
- Weekly and monthly prayer meetings.
- Weekly Small Groups where church members meet in small gatherings usually 8 – 16 in number. These meetings include, inter alia, worship, prayer and Bible study.
- Children’s work is undertaken primarily on Sunday mornings.
- Regular youth work takes place during the week and weekends.
- A “Coffee and Chaos” meeting is held during the week for mothers and toddlers.
- Weekly meetings for students for praise, worship, prayer and teaching.
- The church operates the “Chartham Pantry”, which provides food parcels and toiletries for individuals and families in the Chartham area who are struggling to make ends meet in this financially difficult time.
- “Make Lunch” is an outreach project designed to engage with and provide food during school holidays for families reliant on school dinners.
- Various Alpha courses are held to enable non-Christians to discuss and find out more about Christianity. During the year these have included courses for adults, students and youth.
- Various community events take place throughout the year.
- Marriage enrichment courses.
- Kintsugi Hope wellbeing courses.
- The Bereavement Journey course.
- Specific Men’s and Women’s events
- The church also works with other churches in Canterbury to support various community initiatives such as Street Pastors and Healing on the Streets.
- Volunteer workers undertake a formal teaching programme during their designated period to equip them for future roles and leadership either in the church or elsewhere.
The church has continued to thrive, with finances remaining stable, Sunday attendance and Small Groups significantly increasing. As a church we have been called to be an equipping and sending church, yet despite some members moving on during the year on missional activities the church continues to attract new members, and as a result membership has grown.
A main objective of the church is the advancement of the Christian Religion and to this end the church has supported various churches in the East Kent region as well as church plants into continental Europe. In previous years we have sent church members to begin church plants in France (Lille), Colchester (UK), Whitfield (UK) and a Gospel Plant into Sheppey (UK). We continue to maintain links with these churches and plants, supporting them with visits by Elders, worship leaders and financially when required.
Currently the church rents accommodation for administrative offices and various Church meetings. However, it aims to buy premises and with this in mind it has built up a “Building Fund” over many years to achieve this purpose. These funds are invested in fixed term deposits of various durations spread across multiple banks to maintain full FSCS protection of the funds, with the aim of maximising returns whilst minimising exposure to risk. The church has a ‘building team’ who continue to look at potential building opportunities as and when they arise.
2
## **THE CITY CHURCH**
Trustees’ Report (continued)
## **Review of Finances**
The statement of financial activities for the year is set out on page 5. A summary of the financial results is set out below.
The Charity’s income during the year was £555,000, and expenses were £529,000. All donated income is derived from Church members and no outside fund raising is undertaken. All funds donated to the Charity are used either for the day-to-day operation and meetings of the Church or to further Christian work in the UK or overseas in accordance with the objectives of the Charity. A separate building fund is maintained as funds are raised towards a new building project, and this has continued to grow.
Regular monthly giving has been sustained at a high level, which has allowed the Church to maintain its day-to-day operations and its general cash reserves. These general reserves are important, enabling the Church to meet any additional expenditure and to support any new Church work or project.
A prime objective of the Church is to give away an average of 10% of unrestricted income each year to support the advancement of the Christian religion in the UK and overseas. During the period covered by these accounts the amount given away or set aside for church planting projects has met this target.
## **Trustees’ responsibilities regarding the financial statements**
Company law requires the trustees to prepare financial statements which give a true and fair view of the state of affairs of the Church and of the income and expenditure of the Church for that period. In preparing those financial statements, the trustees are required to:-
- **.** select suitable accounting policies and then apply them consistently;
- **.** observe the methods and principles of the Charities Statement of Recommended Practice;
- **.** make judgements and estimates that are reasonable and prudent;
- **.** follow applicable accounting standards, subject to any material departures disclosed and explained in the financial statements; and
- **.** prepare the financial statements on the going concern basis unless it is inappropriate to assume that the Church will continue in existence.
The trustees have overall responsibility for ensuring that the Church has an appropriate system of controls, financial and otherwise. They are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the Church 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 Church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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) and the Companies Act 2006 in preparing the annual report and financial statements of the Church.
......................................................................... S D Clark
21 May 2025
3
## **Independent Examiner’s Report to the Trustees of THE CITY CHURCH**
I report to the trustees on my examination of the accounts of The City Church (the church) for the year ended 31 August 2024, which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows, and the related Notes to the accounts.
## **Respective responsibilities of Trustees and Examiner**
The church’s trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. I am qualified to undertake the examination by being a member of the Institute of Chartered Accountants in England and Wales.
It is my responsibility :
**.** to examine the accounts under section 145 of the 2011 Act;
**.** to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
**.** to state whether particular matters have come to my attention.
## **Basis of Independent Examiner’s Report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. My report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
I confirm that no matter has come to my attention in connection with the examination giving me reasonable cause to believe:
- 1 accounting records were not kept in respect of the church in accordance with section 130 of the 2011 Act; or
- 2 the accounts do not accord with those records; or
- 3 the accounts do not comply with the accounting requirements of the 2011 Act.
I have not come across any other matter in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Christopher Geary** Chartered Accountant Geary Partnership Church Hill Farm, Elmstone, Canterbury, Kent, CT3 1HN
21 May 2025
4
## **THE CITY CHURCH**
## Statement of Financial Activities for the year ended 31 August 2024
|Unrestricted
funds
**Note**
**£**
**INCOME & EXPENDITURE**
**Income**
Donations
438,729
Charitable activities – church & social
29,399
Interest receivable
29,303
________
Total income
497,431
**Expenditure**
Charitable activities & support costs
3
(470,986)
________
Net income/(expenses) before transfers
26,445
Transfers between funds
-
________
Net movement in funds
26,445
**RECONCILIATION OF FUNDS**
Total funds brought forward
944,555
________
Total funds carried forward
971,000|Restricted
funds
**£**
57,984
420
-
________
58,404
(58,656)
________
(252)
-
________
(252)
57,136
________
56,884|Total
funds
2024
**£**
496,713
29,819
29,303
________
555,835
(529,642)
________
26,193
-
________
26,193
1,001,691
________
1,027,884|Total
funds
2023
**£**
481,795
20,180
4,113
________
506,088
(482,357)
________
23,731
-
________
23,731
977,960
________
1,001,691|
|---|---|---|---|
5
**THE CITY CHURCH**
## Balance Sheet at 31 August 2024
||||2024||2023|
|---|---|---|---|---|---|
||Note|£|£|£|£|
|**Tangible fixed assets**||||||
|Equipment|4||7,697||12,242|
|**Current assets**||||||
|Debtors|5|72,138||80,905||
|Bank balances||957,719||924,685||
|||________||________||
|||1,029,857||1,005,590||
|**Current liabilities**||||||
|Creditors due within one year|6|(9,670)||(16,141)||
|||________||________||
|**Net current assets**|||1,020,187||989,449|
||||________||________|
|**Net assets**|||1,027,884||1,001,691|
||||________||________|
|REPRESENTED BY:||||||
|**Funds**||||||
|Unrestricted funds||||||
|General fund|||211,069||208,235|
|Designated fund – Building fund|||759,931||736,320|
|Restricted funds|7||56,884||57,136|
||||________||________|
||||1,027,884
________||1,001,691
________|
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
For the year ended 31 August 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006, and no notice has been deposited under section 476.
The trustees, who are also the directors of the company, acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and preparation of accounts.
These financial statements were approved and authorised for issue by the Board on 21 May 2025.
......................................................................... S D Clark
Company number: 06732225
6
## **THE CITY CHURCH**
## Statement of Cash Flows for the year ended 31 August 2024
|£
Operating activities
Net income/(expenditure) for the year
Adjustments
Interest received
Depreciation
Loss on disposal of assets
Movements in working capital
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Cash generated by/(used in) charitable operations
Investing activities
Equipment purchased
(536)
Loan repaid by Hope Church, Wymondham
-
Interest received
29,303
________
Net cash flows from investing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
REPRESENTED BY:
Bank balances|2024
£
£
26,193
(29,303)
4,994
87
8,767
(6,471)
________
4,267
(5,545)
25,000
4,113
________
28,767
________
33,034
924,685
________
957,719
________
957,719
|2023
£
23,731
(4,113)
4,887
-
(33,820)
166
________
(9,149)
23,568
________
14,419
910,266
________
924,685
________
924,685
|
|---|---|---|
7
## **THE CITY CHURCH**
## Notes to the financial statements for the year ended 31 August 2024
## 1 **General information**
The City Church is a public benefit entity and a company limited by guarantee and has no share capital. It is a registered charity.
## 2 **Accounting policies**
## **Basis of accounting**
The accounts have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (Charities SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Fund accounting**
Unrestricted funds comprise accumulated surpluses and deficits on general funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Church and which have not been designated for other purposes.
Designated funds comprise unrestricted funds which have been put aside at the discretion of the trustees for particular purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions declared by their donors.
## **Income**
All income is included in the Statement of Financial Activities when the Church is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Expenditure**
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources. Expenditure on charitable activities comprises all expenditure incurred directly in pursuance of the Church’s charitable objectives. Governance costs are those costs incurred in connection with administration of the Church and compliance with constitutional and statutory requirements. No amounts are included in the financial statements for the value of services donated by volunteers.
## **Tangible fixed assets and depreciation**
Tangible fixed assets are capitalised and included at cost. Depreciation is provided on fixed assets at an annual rate of 20% on a straight line basis, over their expected useful lives.
8
## **THE CITY CHURCH**
## Notes to the financial statements for the year ended 31 August 2024
(continued)
## 3 **Expenditure**
|Unrestricted
Restricted
funds
funds
£
£
Salaries
238,941
-
Pension costs
17,936
-
Staff costs
1,182
1,125
Operational costs
49,848
236
Sundry expenses
2,548
-
Communications/IT
11,418
197
Meetings
29,963
1,655
Projects & Ministries
64,371
10,254
Training
3,878
1,569
Gifts for others
-
11,981
RM Community
-
30,639
Tithes – paid out
45,108
1,000
Building refurbishment & fees
(608)
-
Accounts examination fee
1,320
-
Depreciation
4,994
-
Loss on disposal of assets
87
-
_______
_______
470,986
58,656|Total
funds
2024
£
238,941
17,936
2,307
50,084
2,548
11,615
31,618
74,625
5,447
11,981
30,639
46,108
(608)
1,320
4,994
87
_______
529,642|Total
funds
2023
£
223,827
16,880
1,814
40,988
-
9,334
26,519
40,107
649
23,980
30,458
53,178
8,536
1,200
4,887
-
_______
482,357|
|---|---|---|
The average number of employees was 10 (2023: 10). No employee received remuneration above £60,000.
|4
**Fixed assets - Equipment**
Cost
Brought forward
Additions
Disposals
Carried forward
Accumulated depreciation
Brought forward
Charge for the year
Disposals
Carried forward
Net book value
Brought forward
Carried forward|£
41,582
536
(6,389)
______
35,729
______
29,340
4,994
(6,302)
______
28,032
______
12,242
______
7,697
|
|---|---|
9
## **THE CITY CHURCH**
## Notes to the financial statements for the year ended 31 August 2024
(continued)
## 5 **Debtors**
|Income tax recovered
Other debtors & prepayments
**Creditors – due within one year**
Creditors & accruals
Deferred income|2024
£
55,293
16,845
______
72,138
______
2024
£
8,700
970
______
9,670
|2023
£
57,623
23,282
______
80,905
______
2023
£
13,197
2,944
______
16,141
|
|---|---|---|
## 6 **Creditors – due within one year**
## 7 **Restricted funds**
|Sheppey
RM Community
Gifts for others
Total restricted funds|Brought
forward
£
15,767
41,369
-
________
57,136|Income Expenditure
£
£
4,976
5,865
31,695
31,105
21,733
21,686
________
________
58,404
58,656|Transfers
in/(out)
£
-
-
-
________
-|Carried
forward
£
14,878
41,959
47
________
56,884|
|---|---|---|---|---|
## 8 **Analysis of net assets between funds**
|Unrestricted
funds
£
Tangible fixed assets
7,697
Debtors & prepayments
63,904
Bank balances
908,026
Creditors due within one year
(8,627)
________
Net assets
971,000|Restricted
funds
£
-
8,234
49,693
(1,043)
________
56,884|Total
funds
£
7,697
72,138
957,719
(9,670)
________
1,027,884|
|---|---|---|
10