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2021-12-31-accounts

Charis Christian Centre

Report and Accounts Year ended 31 December 2021

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

CHARIS CHRISTIAN CENTRE

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2021

Trustees

Adebayo Mabo Kemi Odubanjo Tony Olusanya (resigned 14 March 2022) Hugh Ricardo Neita (appointed 22 April 2022) David Ndu (appointed 22 April 2022)

Company Secretary

Kemi Odubanjo

Key Staff

Kenny Adeshugba Modupe Adeshugba

Governing Document

Memorandum and Articles of Association dated May 2009.

Company Registration Number

06907586

Charity Registration Number Registered Office

1131271

78 Capworth Street London E10 7HA

Independent Examiner

Stephen Mathews FCA Stewardship 1 Lamb's Passage London EC1Y 8AB

Bankers

HSBC Bank plc The Access Bank Limited

Contents Page
Company Information 1
Trustees' Annual Report 2-4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8-13
Detailed Statement of Financial Activities with Comparatives 14

Page 1

CHARIS CHRISTIAN CENTRE

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 DECEMBER 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 church seeks to demonstrate the Christian faith in action by being a gospel focussed church in London.

Governance

The policy and operating decisions of the charity rest with the Directors who meet regularly to monitor the activities of the company. New Directors are recruited and appointed by a majority of existing Directors.

The board of trustees for Charis Christian Centre, continued to work alongside the pastoratein the administration of the charityto ensure continued good governance.

As part of our overall process and procedure we sat down and outlined a number of governance forums for 2021.

Pastorate & Trustee Committee, Trustees, Board, Finance Board. Each of these boards has a terms of reference and is designed to assist in the smooth running of the charity.

Finally, in 2021 we continued our business planning cycle further developing our planning and financial strategies.

Summary of the charity's main activities and achievements

We have continued to impact our immediate locality with outreach based eventssuch as the foodbank and our outreach to care homes on a Sunday.We also continue to run an effective prisons ministry and to meet regularly for worship.

The Vision

Our Vision is from ISAIAH 58: 12

“Those from among you shall build the old waste places; you shall Raise up the foundations of many generations; and you shall be called the Repairer of the breach, the Restorer of streets to dwell in”

The vision of Charis Christian Centre is based on the following three pillars: -

To Repair

To Restore the foundations of many generations

RAISE

REPAIR

Page 2

CHARIS CHRISTIAN CENTRE

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 DECEMBER 2021

RESTORE

We are called to Raise, Repair and Restore the foundations of our generation and generations to come.

OUR MISSION

Our mission is to:

The primary ways that this is being done are:

• Fulfilling the objects in teaching, preaching and showing practical care in the community. This was both in the normal teaching in the church on Sunday, which are open to all, and midweek meetings for the church members and also by running specific courses to address particular aspects of Christian living which is open to the wider community; all of which are provided without charge. The aims of the teaching, preaching and discipleship programs include the impact upon lifestyle arising from following the teaching of Christ to love God and your neighbour as yourself. The outreach churches continued in Lewisham and Leyton, and we celebrated the second year of the Albany Leyton outreach church in October. The expectation of the residents on a weekly basis of the church coming is wonderful.

• Bringing the love of Christ to the community: we regularly undertook outreach amongst the elderly in care homes in both Leyton and Lewisham, also in running courses for those who wanted to find out about Christianity . December also saw us host a community carol service; we literally took the church to the streets the programme was well received by the local residents.

Also our PRISON MINISTRY: this ministry has flourished. We trust and pray that God will enable us to put a program together to help in rehabilitation and integration when they are released from prison.

• Impacting the next generation. We appreciate the value of the next generation and that they suffer unprecedented pressures in some areas. Our pastors alongside volunteer members of the church have worked with young people in our "Dynamic church" youth events to help build strength and confidence together with appreciation of how active Christian faith is relevant in these issues.

Financial review

During the year income decreased by £55,742, to £236,574, and expenditure increased by £14,881, to £235,840. As a result surplus for the year decreased by £70,662, to £734 and the charity's net assets increased by the same amount, to £500,228. Net current assets decreased by £11,374, to £40,434.

Reserves policy

The Trustees have set a policy of retaining reserves sufficient for the foreseeable needs of the Church. The level of free reserves are not set as a specific formula, but with income from committed supporters expected to remain stable, significant reserves are not considered to be required. The current policy is to hold £10,000 reserves to cover income fluctuations and a further £20,000-30,000 for unexpected expenditure and Cashflow fluctuations. At the year end thenet current assets were approximately £40,000 which falls at the tope end of this range.

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.

Page 3

CHARIS CHRISTIAN CENTRE

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 DECEMBER 2021

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

  1. 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.

Approval

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:

K. Odubanjo

K. Odubanjo

Date: 26 October 2022

Page 4

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

CHARIS CHRISTIAN CENTRE ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021 on pages 6 to 14 following, which have been prepared on the basis of the accounting policies set out on pages 8 to 9.

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

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.

Stephen Mathews

Stephen Mathews FCA Instittute of Chartered Accountants in England and Wales

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: 26 October 2022

Page 5

CHARIS CHRISTIAN CENTRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2021

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities
6
Total expenditure
Net gains/(losses) on investments
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
£
197,629
-
22,007
219,636
218,269
218,269
-
1,367
(632)
735
499,493
500,227		 Restricted
Funds
£
16,938
-
-
16,938
17,570
17,570
-
(632)
632
(0)
-
(0)		 Total
Funds
2021
£
214,567
-
22,007
236,574
235,840
235,840
-
734
-
734
499,493
500,227		 Total
Funds
2020
£
270,130
4,170
18,015
292,316
220,959
220,959
-
71,357
-
71,357
428,136
499,493

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

All income and expenditure derive from continuing operations.

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 page 8-13 form part of these accounts.

Page 6

CHARIS CHRISTIAN CENTRE

BALANCE SHEET

AS AT 31 DECEMBER 2021

Note
FIXED ASSETS
g
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
10
CREDITORS: Amounts falling
due within one year
11
Net current assets / (liabilities)
Total assets less current liabilities
CREDITORS: Amounts falling due
12
y
Net assets / (liabilities) excluding
p
y
TOTAL NET ASSETS
FUND BALANCES
14
Unrestricted Funds
General funds
Restricted Funds		 Unrestricted
Funds
£
792,583
792,583
8,148
101,316
109,464
(69,030)
40,434
833,017
(332,789)
500,228
500,228
500,228
500,228
-
500,228		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
Funds
2021
£
792,583
792,583
8,148
101,316
109,464
(69,030)
40,434
833,017
(332,789)
500,228
500,228
500,228
500,228
-
500,228		 Total
Funds
2020
£
780,638
780,638
8,615
98,341
106,956
(55,148)
51,809
832,447
(332,953)
499,494
499,494
499,494
499,494
-
499,494

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

K. Odubanjo

K. Odubanjo

Date: 26 October 2022

Company number: 06907586

The notes on page 8-13 form part of these accounts.

Charity number: 1131271

Page 7

CHARIS CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 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.

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:

The charity relies on volunteers to carry out many of its activities, particularly. 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.

When donated goods, services and facilities are distributed or consumed, 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 or consumed are recognised as stock; donated fixed assets are capitalised.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects.

Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity.

Investment income represents income generated by the charity's assets and includes income from letting the charity's property and bank interest.

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

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.

The cost of raising funds is not significant and has not been separately disclosed.

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.

Page 8

CHARIS CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

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 £10,000 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:

Freehold land Is not depreciated (because it is not consumed by use) Freehold buildings Over 50 years after taking account of the building's residual value 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) 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.

g) 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.

h) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

i) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

j) 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

Donations of cash and similar
Government grants (note 3b)
g
Income tax recoverable
b
Job Retention Scheme
Covid response
4
Income from charitable activities
Community outreach programs
5
Investment income
Rental income
Bank interest
Government grants comprise:		 2021
£
168,607
19,627
26,332
214,567
2021
£
19,627
-
19,627
2021
£
-
-
2021
£
22,000
7
22,007		 2020
£
192,741
45,108
32,281
270,130
2020
£
35,108
10,000
45,108
2020
£
4,170
4,170
2020
£
18,000
15
18,015

Page 9

CHARIS CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

6 Charitable expenditure

a
Costs incurred directly on specific activities
Salaries and related costs
Accommodation
Telephone and utilities
Church ministry expenses
Conferences and training
Miscellaneous expenses
Grants payable (note 8c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Other
Office costs
Loan interest and finance charges
Depreciation of tangible fixed assets
Insurance
Total expenditure		 2021
£
90,871
24,000
11,220
26,821
600
305
153,817
1,050
154,867
3,120
703
3,823
17,667
24,091
30,666
4,725
80,973
235,840		 2020
£
88,472
22,000
10,328
22,047
1,097
-
143,943
500
144,443
4,420
-
4,420
20,061
20,554
26,595
4,887
76,516
220,959

The fee payable to the independent examiner for preparing and examining the accounts was £3,120 (2020: £3,900); in addition the charity paid £635 (2020: £802) to Stewardship for payroll bureau and £500 (2020: £1,740). for bookkeeping assistance and training

c Grants payable

Institutions
£
Grants for UK and mission support
1,050
1,050
The comparatives for the previous year are as follows:
Institutions
£
Grants for UK and mission support
500
500
The charity's principal grants to institutions comprised:
Grants to institutions for less than £1,000 each
7
Gross wages and salaries
Employer's National Insurance
Pension costs
p y
Analysis of staff costs, the cost of key management personnel and trustee remuneration		 Individuals
£
-
Individuals
£
-
-
2021
£
1,050
1,050
2021
£
80,500
3,454
4,650
88,604		 2021
£
1,050
1,050
2020
£
500
500
2020
£
500
500
2020
£
81,007
3,440
4,025
88,472

The average monthly number of employees during the year was 3 (2020: 3). 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.

Remuneration payable to key management for the period amounted to £68,000 gross salary and £3,400 pension contributions in the year (2020 £68,000 and £3,400 respectively). Key management is considered to cover church pastors directly employed by the charity.

No trustees received employment benefits in either the current or preceding year.

Page 10

CHARIS CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

8 Tangible fixed assets

Cost
At 1 January 2021
Additions
At 31 December 2021
Accumulated depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020
9
Debtors
Falling due within one year:
Tax recoverable
Other debtors
Prepayments and accrued income
Total debtors
10
Cash at Bank and in Hand
Cash at bank with immediate access
p
(
)
11
Creditors: liabilities falling due within one year
Trade creditors
Accruals
Bank loan
Mortgage loan
12
Creditors: amounts falling due after more than one year
Bank loan
Mortgage loan		 Freehold
Property
£
1,000,656
1,000,656
220,018
20,013
240,031
760,625
780,638		 Fixtures,
fittings and
equipment
£
191,540
42,611
234,151
191,540
10,653
202,193
31,958
-
2021
£
2,148
4,000
2,000
8,148
2021
£
101,316
101,316
2021
£
14,068
9,570
7,900
37,492
69,030
2021
£
39,100
293,689
332,789		 Total
2021
£
1,192,196
42,611
1,234,807
411,558
30,666
442,224
792,583
780,638
2020
£
2,615
4,000
2,000
8,615
2020
£
98,341
98,341
2020
£
11,007
8,420
35,721
55,148
2020
£
332,953
332,953

The bank loan referred to in the above notes is supported by the UK government Bounce Back Loan Scheme. Interest is payable at a fixed rate of 2.5%, and interest for the first twelve months of the loan is paid by the UK government. The loan is being repaid in monthly instalments (starting in 2022) and must be repaid in full by 2026.

The mortgage loan is provided by The Access Bank UK for the purchase of the church building and secured on that building with normal commercial terms and repayment by October 2030.

13 Pension commitments

During the year employer’s pension contributions totalling £4,650 (2020: £4,025) were payable to defined contribution personal pension schemes. At the Balance Sheet date pension contributions totalling £11,386 (2020: £8,504) were unpaid.

Page 11

CHARIS CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

14 Funds

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

General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Building fund
y
Aggregate of funds		 Opening
balance
2021
£
499,493
499,493
-
-
499,493		 Incoming
resources
2021
£
219,636
219,636
16,938
16,938
236,574		 Outgoing
resources
2021
£
(218,269)
(218,269)
(17,570)
(17,570)
(235,840)		 Transfers
in the year
2021
£
(632)
(632)
632
632
-		 Gains and
losses
2021
£
-
-
-		 Closing
balance
2021
£
500,227
500,227
(0)
(0)
500,227

The transfers to the building fund is for the paymnet of interest on the mortgage loan.

Analysis of net assets by fund

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
In the previous year the movements in the
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Building fund
Aggregate of funds		 charity's funds
Opening
balance
2020
£
428,136
428,136
-
-
428,136		 General
Designated
funds
funds
£
£
792,583
8,148
101,316
-
(69,030)
(332,789)
500,228
-
were as follows:
Incoming
Outgoing
Transfers
resources
resources
in the year
2020
2020
2020
£
£
£
276,065
(201,970)
(2,739)
276,065
(201,970)
(2,739)
16,250
(18,989)
2,739
16,250
(18,989)
2,739
292,316
(220,959)
-
Unrestricted Funds		 Restricted
funds
£
-
Gains and
losses
2020
£
-
-
-
-
-		 2021
£
792,583
8,148
101,316
(69,030)
(332,789)
500,228
Closing
balance
2020
£
499,493
499,493
-
-
499,493

Page 12

CHARIS CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

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
£
£
780,638
8,615
98,341
-
(55,148)
(332,953)
499,494
-
Unrestricted Funds		 Restricted
funds
£
-
-		 2020
£
780,638
8,615
98,341
(55,148)
(332,953)
499,494

The Building fund is for the purpose of repayment of the mortgage on the church building and expenditure on building repairs and improvements.

15 Transactions with related parties

During the year the charity:

During the year the charity also made the following payments to, or for, related parties:

16 Members

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

Page 13

CHARIS CHRISTIAN CENTRE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2021

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
5
Other income
6
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Raising funds
7
Other
Total Expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
14
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
13
Other gains/(losses)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14
Actuarial gains/(losses) on defined
benefit pension schemes		 General
Designated
2021
2021
£
£
197,629
-
-
22,007
-
219,636
-
218,269
-
-
218,269
-
-
1,367
-
(632)
-
735
-
735
-
499,493
-
500,227
-
Unrestricted funds		 Restricted
2021
£
16,938
16,938
17,570
17,570
(632)
632
(0)
(0)
-
(0)		 Total
2021
£
214,567
-
-
22,007
-
236,574
235,840
-
-
235,840
-
734
-
734
-
-
-
734
499,493
500,227		 General
Designated
2020
2020
£
£
253,880
4,170
-
18,015
-
276,065
-
201,970
-
-
201,970
-
-
74,096
-
(2,739)
-
71,357
-
71,357
-
428,136
-
499,493
-
Unrestricted funds		 Restricted
2020
£
16,250
16,250
18,989
18,989
(2,739)
2,739
-
-
-
-		 Total
2020
£
270,130
4,170
-
18,015
-
292,316
220,959
-
-
220,959
-
71,357
-
71,357
-
-
-
71,357
428,136
499,493

Page 14