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2025-08-31-accounts

Trustees’ Annual Report for the Year Ended 31 August 2025

Report of the Trustees for the Year Ended 31 August 2024

The trustees present their report with the financial statements of the charity for the year ended 31 August 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).

1. Introduction and Context

This report sets out the activities, achievements, and financial position of Coventry Central Hall (CCH) for the year ended 31 August 2025. It builds on the progress reported in 2023/24 and reflects a year of consolidation, growth, and strategic development following the first full year of the Business Development Project.

2. Objectives and Activities

Our Mission

Coventry Central Hall’s mission remains:

“Nurturing and Celebrating Faith, Hope, and Love.”

This mission underpins all activity across our integrated model of Church, Community, and Commercial life. During 2024/25, the trustees have continued to pursue this holistic approach, ensuring that income generation, community engagement, and worship mutually reinforce one another.

Strategic Focus in 2024/25

The year marked a significant movement towards sustainability. With district support for the Business Development Manager role, the hall focused on two strategic priorities:

1

3. Review of Activities and Achievements

3.1 Development of Venue Services

The year tested the resilience of the organisation while also demonstrating its growing capacity. Coventry Central Hall operated effectively and achieved a break-even financial position.

Key developments included:

3.2 Events, Bookings, and Café Development

Room hire and community bookings remained the backbone of income generation, supported by:

4. Development of Partnerships and Relationships

A defining feature of 2024/25 has been Coventry Central Hall’s transition from being primarily a venue for hire to becoming a trusted civic and delivery partner. Community-Facing Partnerships

CCH hosted and co-developed initiatives addressing isolation, wellbeing, and inclusion, including:

2

These activities significantly enhanced the hall’s community reach and social impact. Partnerships Generating Financial Value

The year demonstrated that mission-aligned partnerships can also deliver repeatable income. Notable examples include:

Friends of Coventry Central Hall (FOCCH)

The Friends network continued to develop, strengthening relational ties with individuals, groups, and organisations that use the building. While the financial impact is not yet directly measurable, the programme contributes to sustainability through advocacy, referrals, and shared ownership of the hall’s future.

5. Financial Review

5.1 Financial Performance

The trustees are pleased to report that Coventry Central Hall generated a surplus of £52,062. This was achieved through increased fundraising, a generous legacy, careful financial management, diversification of income streams, and the capacity created by district funding of the Business Development Manager role.

3

This is significant given:

5.2 Income and Expenditure Overview

Total income was £461,040 (last year £316,439) Income was drawn from a balanced mix of:

This diversification marks a turning point, reducing reliance on any single income source.

Unrestricted income was split as follows:

4

5.4 Expenditure

Total Expenditure for the year was £408,978 (last year £380,635)

Main areas of expenditure are:

5.3 Reserves and Outlook

The trustees are concerned that reserves are not yet at an acceptable level following significant losses during and immediately following the Covid pandemic and are working towards achieving an acceptable level However, the trustees consider the current financial position to be stable. Continued Methodist and district support remains essential as the organisation invests in accessibility, sustainability, and growth.

6. Social Value and Public Benefit

An independent assessment using the National Churches Trust Social Value Calculator estimated Coventry Central Hall’s annual social value at approximately £1.75 million . This reflects activity across:

5

The trustees regard this social value as a core expression of public benefit and a central justification for continued investment in the hall.

7. Looking Ahead

Strategic Direction

The year has laid strong foundations for the next phase of development, guided by a 7- year strategic plan. Priorities include:

Risks and Dependencies

The trustees recognise ongoing risks, including high overheads, building maintenance liabilities, and uncertainty in grant funding. However, these are balanced by clear opportunities arising from the hall’s central location, growing reputation, and demonstrable social impact.

6

8. Church Life

Our mission is not only reflected in the improvements we make to our physical space but also in how we nurture and grow our church life. We continue to focus on living out our mission through six key elements, each of which is supported by a dedicated lay minister and team. To date, we have made significant strides in supporting the areas of Nurturing Faith , Celebrating Faith , and Celebrating Hope .

As we develop our church life, we are seeing a growing and diverse congregation, with an increasing number of younger members joining us. This has led to a vibrant and energetic music group, further enhancing our worship experience. Our main act of worship, which is live streamed each Sunday, continues to be a central part of our church life, allowing us to reach a wider community both in person and online. We also continue to offer life groups, bible studies and opportunities for prayer as well as marking religious festivals.

The youth and children's work at Central Hall consists of different activities.

Creative Colouring & Company at Central Hall operates in the warmer months of the year including colouring in the park area outside Central Hall. This year we used large outdoor chalks on the floor area creating lots of fun drawings of different things from young people's imaginations. This is enjoyed by many young people from the adjacent park area as well as providing colouring activities for the young people to participate in utilising colouring sheets of different themes.

There is also a Fusion session, a place where Faith+Fun fuse together for older young people (11-18). This is where the older young people can engage with God beyond on Saturday afternoons. Older young people can spend time with their friends away from

7

the main morning services participating in fun and exciting activities such as cooking and craft activities (sometimes relating and connecting to one another). In the last year the older young people worked in partnership with a local residential home creating Christmas gift bags for the residents that was enjoyed by the young people and residents alike making a difference in the local community.

Sunday mornings consist of Junior Church where the young people can learn about God in their own separate session or actively involved in the main worship sessions as part of the larger congregation.

This year the young people participated in two residentials that included Amplify and 3Generate which they enjoyed very much, finding God in different spaces and places away from their normal context. The young people participated in different activities to what they would normally do such as more technological and high adrenaline activities such as zip wiring, high ropes and water activities such as canoeing.

This year, our Church Leadership Team and Church Council have met regularly to review our progress and refine our mission. The Leadership Team, which includes Church Minister, our Treasurer, Church Council Secretary, two Church Stewards, Property Secretary, and the lay ministers, works collaboratively to ensure that our church life remains dynamic, inclusive, and aligned with our overarching mission.

9. Conclusion

2024/25 has been a landmark year for Coventry Central Hall. Achieving a positive financial result, embedding new partnerships, and evidencing substantial social value represent a major step forward. With continued support from the Methodist District and wider partners, the trustees are confident that Coventry Central Hall can continue to nurture and celebrate faith, hope, and love at the heart of Coventry for many years to come.

8

10. Structure, governance and management

The charity is controlled by its governing document, a Deed of Union (1932) and the Methodist Church Act (1976).

The trustees who served during the year and up to the date of signature of the financial statements were:

D Hawthorne A Pinks J Bennett S Manhungira J Moreton P Reid J Wilkins E Davenport T Mukorombindo D Moyo Rev A S Willey (Resigned 1 September 2025) J Mudzamiri K Brooks

N Y Chiimba-Rusike

K Dodo F Mafico E Mapfumo B J Newland S Ibrahim P Sakuringwa J Patterson J Miles C Ashby Mr O Mhandu C Mafico J Miles M Matamba (Resigned 31 January 2025) G B Garbari Rev R J Stennett (Appointed 1 September 2025) J Ford (Appointed 3 April 2025)

Recruitment and appointment of trustees

Trustees are appointed and elected in accordance with the terms set out in the governing document.

9

Ortsnisational structure The charity is headed by its trustees who are ultimately responsible for dayto day operations. Decisions made in formaltrustee meetings are communicated to staff who perform direct and administrative roles and overseen bythe trustees. Inductlon and trainingof trustees New trustees benefit from an induction and training period to enable them to acclimatise to the waythat the charity operates. This may include attending meetings with existingtrustees and staff and taking part in the dayto day operations ofthe charity to facilitate a greater understanding of its objectives and activities. The trustees. report was approved by the Board of Trustees. Rev RJ Stennett Chair of the Trustees 10

COVENTRY CENTRAL HALL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COVENTRY CENTRAL HALL I report to the trustees on my examination of rhe financial statements of Coventry Central Hall (the ¢h8rityl for the year ended 31 August 2025. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial siatements in accord8nce V4Yth the reqU￿refnenlS of the Charities Act 2011. I rèport in respect of my examination of Ihe charity's financial statement$ carried out under section 145 of the Charities Act 2011_ In carrying out my examination I have followed the Direction5 given by the Charity Commission under section 14515llbl of the Charities Act 2011. Independenl examin¥r'$ statemgnt Since the charity's gr055 income exceeded £250,000, the Independent examiner must be a tnember of a body listed in Section 145 of the Charities Act 2011. 1 confirm that l am qu31ified to ￿rndertake the examination because l arn a mamb8r of ICAEW, which 18 on8 of the list8d bodi8S. Your 8ttention is drawn to the fact that the charity has prepared the financial st81ements in accordonce with the relevant version of the Statement of Recommended Practice applicable to chsrities preparing iheirfinancial statements in aecordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accouniing and Reporting by Charities., Statement of Recommended Practice i55ued on 1 April 2005 which is ieferred 10 in Ihe exiant r&gulaiions but has now been withdrawn. l understand that thi5 has been done In order for the financial siatements io provide a true and feir view in accordance with UK Generally Accepted Aecounting Practice. I have completed rny examination. I confirm th8t no rnattErs have come to my attention in connection with the examination giving me Cause to believe that in 8ny rnateri81 respect.. accounting recordswere not kept In respect of the ch8rity as required by section 130 of the Charities A¢t 2011 Ihe financial staiements do not a¢¢ord with those recor(Js' or the financial statements do not comply with the applicable requirements concerning the form and content of financial siatements set out in the Charities IAccount5 and Reports) Regulaiions 2008 Oiher than sny requiremeni that the financial siatements wve a irue and fa1r view, which is not s matter considered 88 Pert of an independent ex8mination, I h8ve no concerns and have corDe.eeros other matters in connection with rhe examination lo which attention should be drawn in this epurtin or enable a proper understanding of the financial staiements to be reached. Robert Anderson FCA Azets Audit Servic85 3N¢ NiddleMar¢h 8usiness Park Siskin Drive Coventry CV3 4FJ Dated.. Ix/212¥

COVENTRY CENTRAL HALL

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
156,202
68,442
Charitable activities
4
-
-
Investments
5
236,259
137
Total income
392,461
68,579
Expenditure on:
Charitable activities
6
338,203
70,775
Total expenditure
338,203
70,775
Net income/(expenditure)
54,258
(2,196)
Transfers between funds
-
-
Net movement in funds
54,258
(2,196)
Reconciliation of funds:
Fund balances at 1 September
2024
349,885
61,120
Fund balances at 31 August
2025
404,143
58,924		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
224,644
45,251
34,316
-
26,400
-
236,396
210,321
151
461,040
281,972
34,467
408,978
333,184
47,451
408,978
333,184
47,451
52,062
(51,212)
(12,984)
-
28,180
(28,180)
52,062
(23,032)
(41,164)
411,005
372,917
102,284
463,067
349,885
61,120		 Total
2024
£
79,567
26,400
210,472
316,439
380,635
380,635
(64,196)
-
(64,196)
475,201
411,005

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

COVENTRY CENTRAL HALL BALANCE SHEET ASAT31 AUGUST2025 202S 2024 Not•s Fixad 88SalS Tanwble 8&8ets 11 263.448 263.448 currentas￿l¥ Debtors Cash at bank ant1 in hand 13 107.923 132,853 23.968 146,129 240.776 170.097 Credttors: •mountsfalUng du•withln ono year 14 141.1571 122.5401 N8teuvr•nt •$$ets 199.619 147.557 rotal a￿ets Less current Ilabtiities 463.067 411.005 The funds otth ¢hrity Restricted income funds Unrestricted funils 16 17 58.924 4104.143 61.120 349,885 463.067 411.005 The financial statementswere approved bythetrust888 on.... Rev R J St8nnett Trusteo 13-

COVENTRY CENTRAL HALL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

1.5 Expenditure

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.

COVENTRY CENTRAL HALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Tangible fixed assets are capitalised if they can be used for more than one year and cost at least £1,000. They are valued at cost or a reasonable value on receipt. Where cost is not available, the Church Council may provide a reasonable estimate of cost or the building's current value to the Church. An estimate based on insurance values that will take account of the fact that cover will be based on demolition and re-instating the current building and not the original cost less depreciation. Provision is made for depreciation where appropriate.

Freehold land and buildings are shown at cost. No depreciation is provided thereon, as in the opinion of the trustees, the building is kept in a good state of repair and therefore has an indeterminate useful economic life. Any depreciation would therefore be immaterial.

Cornerstone church is not currently included in the accounting records of Trustees for Methodist Purposes (TMCP) and furthermore have never been included as an asset in the respective churches. The trustees have decided to continue with this policy on the grounds of consistency and difficulties that would be encountered in obtaining an appropriate valuation. Central Hall's property at Warwick Lane is not included in the TMCP either but has been historically been included at cost of £263,448 in Central Hall's accounts.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

COVENTRY CENTRAL HALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
60,600
442
Legacies
95,602
-
Grants
-
68,000
156,202
68,442		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
61,042
45,251
1,516
95,602
-
-
68,000
-
32,800
224,644
45,251
34,316		 Total
2024
£
46,767
-
32,800
79,567

COVENTRY CENTRAL HALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

3 Income from donations and legacies

The charity was notified of receipt of a legacy of £95,602 during the year. This amount had not been received by the balance sheet date and has been included in debtors. The legacy is unrestricted.

The charity received grant income of £15,000 (2024 - £10,000) from the Coventry and Nuneaton Methodist Circuit in relation to the proposed redevelopment of the main Warwick Lane property.

Grants of £12,000 (2024 - £12,000) were received from Birmingham Methodist District to support the employment of a children's lay worker and £41,000 from Birmingham Methodist District to support the employment of a development worker.

4 Charitable activities

Services provided under contract

2024 £ 26,400

5 Income from investments

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Rental income
231,319
-
Interest receivable
4,940
137
236,259
137		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
231,319
203,640
-
5,077
6,681
151
236,396
210,321
151		 Total
2024
£
203,640
6,832
210,472

Rental income represents income received from room hire and charitable bookings of the charity

COVENTRY CENTRAL HALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

6 Expenditure on charitable activities

Direct costs
Staff costs
Insurance and utilities
Circuit assessment
Repairs and maintenance
Other costs
Coventry City of Culture project expenses
Redevelopment project expenditure
Share of support and governance costs (see note 7)
Governance
Analysis by fund
Unrestricted funds
Restricted funds
Support costs
Support
costs
Governance
costs
£
£
Accountancy
-
2,465
-
2,465
Analysed between
Charitable activities
-
2,465		 2025
£
2,465
2,465
2,465		 2025
£
150,140
58,269
50,004
88,981
35,222
539
23,358
406,513
2,465
408,978
338,203
70,775
408,978
Support
costs
Governance
costs
£
£
-
2,355
-
2,355
-
2,355		 2024
£
117,771
47,430
73,884
52,126
72,565
14,504
-
378,280
2,355
380,635
333,184
47,451
380,635
2024
£
2,355
2,355
2,355

7 Support costs

Governance costs includes payments to the accountants of £2,465 (2024- £2,355) for the preparation of the financial statements and independent examination.

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

COVENTRY CENTRAL HALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

9 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
7
2025
£
136,280
11,748
2,112
150,140		 2024
Number
6
2024
£
108,925
7,121
1,725
117,771

Wages costs include restricted fund costs of £14,693 (2024 - £13,639) that relate to the Children’s Ministry project and £31,535 (2024 - £6,400) that relate to the development of a business and sustainability strategy.

There were no employees whose annual remuneration was more than £60,000.

10 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

11 Tangible fixed assets

Tangible fixed assets
Freehold land
and buildings
£
Cost
At 1 September 2024 263,448
At 31 August 2025 263,448
Carrying amount
At 31 August 2025 263,448
At 31 August 2024 263,448
The carrying value of land included in land and buildings comprises:
2025 2024
£ £
Freehold 263,448 263,448

COVENTRY CENTRAL HALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

11 Tangible fixed assets

The following insurance values are also given in respect of the properties concerned: Central Hall cost £263,448 - insured value £15,536,834 Cornerstone cost £256,000 - insured value £4,709,071

12
Financial instruments
Carrying amount of financial assets
Debt instruments measured at amortised cost
Carrying amount of financial liabilities
Measured at amortised cost
13
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
14
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
15
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2025
£
107,539
38,398
2025
£
9,602
98,321
107,923
2025
£
2,759
1,232
34,701
2,465
41,157
2025
£
2,112		 2024
£
23,968
18,892
2024
£
15,962
8,006
23,968
2024
£
3,648
12,919
3,618
2,355
22,540
2024
£
1,725

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

COVENTRY CENTRAL HALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

16 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 Incoming Resources Transfers At 31 August
September resources expended 2025
2024
£ £ £ £ £
Children’s Ministry 12,349 12,122 (15,149) - 9,322
Prayer Shawl Ministry 163 - - - 163
Bookstall 753 - - (753) -
Barnacle Retreat 9,721 - - - 9,721
Winter Night Shelter 255 - - - 255
Peter Gloin Memorial Fund 3,046 137 - - 3,183
Benevolence Fund 150 - (195) 753 708
Dignity & Worth 39 70 - - 109
Coventry City of Culture Events 16,749 250 (538) - 16,461
Redevelopment Project 12,988 15,000 (23,358) - 4,630
Clubhouse 4,907 - - - 4,907
District grant - 41,000 (31,535) - 9,465
61,120 68,579 (70,775) - 58,924
Previous year: At 1 Incoming Resources Transfers At 31 August
September resources expended 2024
2023
£ £ £ £ £
Children’s Ministry 15,068 12,126 (14,845) - 12,349
Prayer Shawl Ministry 163 - - - 163
Bookstall 753 - - - 753
Barnacle Retreat 9,721 - - - 9,721
Winter Night Shelter 255 - - - 255
Peter Gloin Memorial Fund 2,895 151 - - 3,046
Benevolence Fund 201 - (51) - 150
Dignity & Worth 259 270 (490) - 39
Coventry City of Culture Events 53,474 280 (14,505) (22,500) 16,749
Redevelopment Project 2,988 10,000 - - 12,988
Cosy Creative 2 9,600 - (6,760) (2,840) -
Clubhouse 4,907 - - - 4,907
Live Streaming System 2,000 840 - (2,840) -
Development plan - 10,800 (10,800) - -
102,284 34,467 (47,451) (28,180) 61,120

COVENTRY CENTRAL HALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

17 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 Incoming Resources Transfers At 31 August
September resources expended 2025
2024
£ £ £ £ £
General funds 349,885 392,461 (338,203) - 404,143
Previous year: At 1 Incoming Resources Transfers At 31 August
September resources expended 2024
2023
£ £ £ £ £
General funds 372,917 281,972 (333,184) 28,180 349,885
Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2025 2025 2025
£ £ £
At 31 August 2025:
Tangible assets 263,448 - 263,448
Current assets/(liabilities) 140,695 58,924 199,619
404,143 58,924 463,067
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 August 2024:
Tangible assets 263,448 - 263,448
Current assets/(liabilities) 86,437 61,120 147,557
349,885 61,120 411,005

18 Analysis of net assets between funds

COVENTRY CENTRAL HALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

19 Related party transactions

During the year transactions took place with Coventry and Nuneaton Methodist Circuit, which is considered to be a related party due to it having common trustees.

Payments made to the Circuit during the year relating to Church Assessment were £50,004 (2024: £73,884)

The Circuit made grants of £15,000 (2024: £10,000) during the year.

At the balance sheet date an amount of £30,000 (2024: £Nil) was owed to Circuit by way of a loan.

As in previous years many of the trustees have made donations to the charity in the form of offerings. All of these such offerings had no conditions attached as to how the money should be spent by the charity.