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2020-12-31-accounts

Company Registration Number: 08302020

Charity Registration Number: 1151447

CHRIST CENTRAL CHURCHES WORLDWIDE

REPORT OF THE DIRECTORS AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

CHRIST CENTRAL CHURCHES WORLDWIDE

(a Company Limited by Guarantee)

REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Pages
Trustees’/Directors’ Report 1 to 6
Independent Examiner’s Report 7
Statement of Financial Activities/Summary Income and Expenditure Account 8
Balance Sheet 9
Statement of Cash Flows 10
Notes to the Financial Statements 11 to 19

Page 1

CHRIST CENTRAL CHURCHES WORLDWIDE (a Company Limited by Guarantee)

TRUSTEES’/DIRECTORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees present their report and unaudited financial statements of the charitable company for the year ended 31 December 2020.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity’s governing documents, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

Trustees of the Charity

The directors of the charitable company are its trustees for the purposes of charity law. Details of the trustees who have served during the year and since the year end can be found on page 5.

OBJECTS AND ACTIVITIES

The charity’s objects for the public benefit are to advance the Christian Faith, in accordance with the Statement of Beliefs shown below, in the United Kingdom or the world as the trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected to the charitable work of the charity.

Statement of Beliefs

We believe in:

  1. The one true God who lives eternally in three persons - the Father, the Son and the Holy Spirit.

  2. The love, grace and sovereignty of God in creating, sustaining, ruling, redeeming and judging the world.

  3. The divine inspiration and supreme authority of the Old and New Testament Scriptures, which are the written Word of God - fully trustworthy for faith and conduct.

  4. The dignity of all people, made male and female in God’s image to love, be holy and care for creation, yet corrupted by sin, which incurs divine wrath and judgement.

  5. The incarnation of God’s eternal Son, the Lord Jesus Christ - born of the Virgin Mary, truly divine and truly human, yet without sin.

  6. The atoning sacrifice of Christ on the cross: dying in our place, paying the price of sin and defeating evil, so reconciling us with God.

  7. The bodily resurrection of Christ, the first fruits of our resurrection; his ascension to the Father, and his reign and mediation as the only Saviour of the world.

  8. The justification of sinners solely by the grace of God through faith in Christ.

  9. The ministry of God and The Holy Spirit, who leads us to repentance, unites us with Christ through new birth, empowers our discipleship and enables our witness.

  10. The Church, the body of Christ both local and universal, and the priesthood of all believers - given life by the Spirit and endowed with the Spirit’s gifts to worship God and proclaim the gospel, promoting justice and love.

  11. The personal and visible return of Jesus Christ to fulfil the purposes of God, who will raise all people to judgement, bring eternal life to the redeemed and eternal condemnation to the lost, and establish a new heaven and new earth.

  12. We are committed to serve our community without discrimination of religion, race, nationality, culture, age or on any other basis.

  13. We do not require any of our clients to affirm or assent to any of the above Statement of Faith.

Page 2

CHRIST CENTRAL CHURCHES WORLDWIDE

(a Company Limited by Guarantee)

TRUSTEES’/DIRECTORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees assess the success of the charity in the year against the following criteria:

  1. Expansion of the Christ Central Churches network.

  2. Strength of partnerships with similar church networks.

  3. Continued development of services to provide leadership, consultancy and pastoral care to partnering churches.

  4. Planting of new churches.

  5. Leadership events and training programmes that support and develop individuals and churches being well attended and well received.

  6. The attendance at and impact of our UK annual event in August – online in 2020.

Volunteers have a very significant role in the charity as quite a lot of the ministry, planning and event management is run by them. All volunteers are drawn from our partnering churches, some of whom are employed by those churches so the partner churches themselves are volunteering their people resources.

The trustees regularly review the objectives and activities of the charity and, as part of this review, have considered the Charity Commission’s general guidance on public benefit and, in particular, its supplementary guidance on the advancement of religion for the public benefit.

ACHIEVEMENTS AND PERFORMANCE

The charity carries out a range of activities in pursuance of its charitable aims. The trustees consider that these activities, as summarised below, provide benefit to both the churches with which the charity partners and the wider communities that those churches serve.

During the year under review, the main areas of progress and achievement included:

  1. The granting of gifts to facilitate the establishment of new churches.

  2. The granting of gifts to other charitable organisations with similar objectives.

  3. Expansion and development of the Christ Central Churches network.

  4. Expansion and development of services to provide leadership, consultancy and pastoral care to partnering churches.

  5. Expansion and development of the Christ Central Churches international leadership team.

  6. Running church leadership, training events, and prayer events - both in person and online.

  7. Support for Jubilee+.

The trustees monitor the following key performance indicators to assess the outcomes achieved by the charity’s activities:

  1. Amount of giving from partnering churches.

  2. The growth in the number of partnering churches.

  3. The development and evolution of services to provide higher quality leadership, consultancy and pastoral care to partnering churches.

  4. Level of attendance and quality of provision for our annual event and other leadership events.

  5. Level of attendance, quality of provision and relevance of our training programmes.

  6. The development of our international team and the delegation of responsibilities to a wider range of leaders in the UK.

Page 3

CHRIST CENTRAL CHURCHES WORLDWIDE (a Company Limited by Guarantee)

TRUSTEES’/DIRECTORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

There are a number of factors which have affected the achievements and objectives of the charity and have had an effect on future plans, these include:

  1. The development of the international team and the growth in the number of churches in the network during the last year was a significant positive factor.

  2. The leadership structure continued to change in response to growth internationally, to facilitate an increase in the number of partnering churches in the UK and an increase in the number and quality of leadership, consultancy and pastoral care services provided.

  3. The further leadership structure changes and growth had an impact on internal systems and administration.

  4. The annual event is high risk as it is based on partner churches and individuals getting involved in running and attending the event. Additional reserves are required for it. It is also a generator, or otherwise, of funding for further development.

  5. The global Covid-19 pandemic has had a significant impact on travelling and supporting churches, particularly internationally, and on main events. However, the use of virtual meetings, pre-recorded material, social media and successfully running training online has mitigated that impact considerably. The pandemic has also had a significant effect on member churches.

The trustees are very happy with the overall outcome of the above in meeting the charity’s stated objectives and envisage sustained growth and development of the organisation within the foreseeable future.

FINANCIAL REVIEW

Total income for the year amounted to £521,438 (2019: £556,540) of which £209,659 (2019: £41,878) was restricted. Expenditure of £428,986 (2019: £559,569) was incurred of which £170,119 (2019: £20,527) was for restricted purposes. At 31 December 2020, the charity had unrestricted funds of £230,303 (2019: £177,391) - of which £15,304 (2019: £20,315) were designated by the Trustees for crisis relief - and restricted funds of £65,063 (2019: £25,523).

The trustees are satisfied with the financial position of the organisation at 31 December 2020 and are optimistic that the strategies in place will lead to the organisation being able to fulfil its growth objectives.

Investment Policy

The charity’s surplus funds are invested in accounts with Barclays Bank. The trustees have power to invest any money not immediately required for the furtherance of the charity’s objects in or upon such investments, securities (including the making of loans) or property as may be thought fit, subject to such conditions (if any) and such consent (if any) as may from time to time be imposed or required by law.

Reserves Policy

The trustees have established a policy of maintaining a minimum level of cash-backed unrestricted reserves sufficient to cover three months critical/core costs including salaries, governance and committed grant funding costs. Based on current levels of expenditure, the trustees estimate a requirement for minimum reserves of circa £100,000 of which £50,000 are for operational costs and £50,000 for the annual Devoted festival when operating as an in-person event. The August 2021 conference is already planned to be online, with a decision to be made over holding a major in-person gathering in 2022. This level of cash-backed unrestricted reserves was achieved at both 31 December 2019 and 31 December 2020.

Significant Events affecting Financial Performance and Financial Position

The general giving from member churches remained very steady during 2020 despite the onset of financial challenges due to the Covid-19 pandemic. The most significant event that affected financial performance was an online offering from supporters in the autumn. The annual conference was an online only event which minimised costs and as a result incurred no significant financial deficit.

The annual conference remains the principal uncertainty along with partnering churches remaining part of the network. These risks are managed through strong relationship building, provision of services, shared culture and good communications and publicity. Successfully moving training and some events online has also facilitated the management of risk. The Board manages risk using a risk management policy and risk register.

Page 4

CHRIST CENTRAL CHURCHES WORLDWIDE (a Company Limited by Guarantee)

TRUSTEES’/DIRECTORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The future performance and position of the charity is likely to be affected by attendance at the annual conference and a successful online alternative as it is apparent that it cannot take place as a live event this year. Other factors include continued growth of the network particularly in the UK.

PLANS FOR FUTURE PERIODS

The organisation’s planned initiatives for the current and subsequent financial years include:

  1. Continued expansion and development of the Christ Central Churches network.

  2. Partnering with, and support of, other similar church networks.

  3. Continued expansion and development of services to provide leadership, consultancy and pastoral care to partnering churches.

  4. An increase in funds granted to facilitate the establishment of new churches.

  5. Running conferences.

  6. Continued running of church leadership and training events.

The future direction of the charity is to increase the number of partnering churches both in the UK and abroad, to plant new churches, to provide an increasing number of quality leadership, consultancy and pastoral care services and to increase funding to similar networks and charities both in the UK and abroad.

The growth in member churches and the further development of the leadership structure as a result has led to an ongoing review of systems and processes. The development and broadening of leadership will facilitate and provide increased capacity and better allocation of resources to handle the growth of the network and the services provided.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The organisation is a charitable company limited by guarantee, governed by its Memorandum and Articles of Association dated 21 November 2012, and was registered with the Charity Commission from 28 March 2013. In the event of the company being wound up, members are required to contribute an amount not exceeding £10.

Appointment of Trustees

New trustees are appointed on the recommendation of existing trustees/members. There is a required minimum of three trustees but no maximum number.

Trustees whose turn it is to retire each year will be automatically re-elected unless they or the remaining trustees decide otherwise.

Trustees’ Induction and Training

Trustees are already familiar with the work of the charity as they are drawn from churches that partner the organisation. The exception, Charles Glass, is a trustee of a closely related charity with a very similar purpose. New trustees are provided with Charity Commission guidance for new trustees, along with finance and process documentation, and minutes of previous trustees’ meetings related to Christ Central Churches Worldwide. They are also given an introduction to the work of the charity and their responsibilities

Trustees are encouraged to attend appropriate internal/external training events to facilitate the undertaking of their roles and to keep up to date with legislative changes.

Organisation

The management and administration of the charity is under the control of the trustees who meet three times per year. Day to day operational matters are delegated to Graham Anns (Chief Operational Officer).

Page 5

CHRIST CENTRAL CHURCHES WORLDWIDE

(a Company Limited by Guarantee)

TRUSTEES’/DIRECTORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Related Parties and other Charities or Organisations with which the Charity Co-operates

Christ Central Churches works with, supports, and provides services to partner churches, who in turn provide the funding for the activities the charity carries out. The charity supports similar networks with whom there is a working and personal relationship. The charity supports other charities which provide services that support its charitable objects. There is usually a personal relational and historic link with those charities.

Risk Management

The trustees have developed a risk register and approved a risk management framework to which the charity will work. Both documents are regularly reviewed to ensure the trustees are in a position to mitigate any risks arising.

Pay and Remuneration of Key Management Personnel

Pay and remuneration of key management personnel is considered and set by the trustees, on an annual basis, having regard to prevailing key economic indicators (e.g. inflation/cost of living, regional earnings etc.) and comparable employee reward levels and trends within the church network served by Christ Central Churches Worldwide.

REFERENCE AND ADMINISTATIVE DETAILS

Charity Registration Number: 1151447
Company Registration Number: 08302020 (England and Wales)
Directors and Trustees: Mr. Graham Anns
Mr. Jeremy Simpkins
Mr. Charles Glass
Mr. Graham Pyman
Mr. Alasdaire Duerden
Ms. Marion Weir
Mr. Stephen Williams
Ms. Hannah Little (resigned 26.1.21)
Company Secretary and
Chief Operational Officer: Mr. Graham Anns
Registered Office: Suite 2.6 Southgate Business Innovation Centre
Normanton Road
Derby
DE23 6UQ
Independent Examiner: Mr. J. Lester FCA
Baines Jewitt Limited
Chartered Accountants
Barrington House
41-45 Yarm Lane
Stockton-on-Tees
TS18 3EA
Bankers: Barclays Bank plc
Salford Quays Branch
5 Anchorage Quay
Salford
Manchester
M50 3XE

Page 6

CHRIST CENTRAL CHURCHES WORLDWIDE

(a Company Limited by Guarantee)

TRUSTEES’/DIRECTORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

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

Approval

This report was approved by the directors/trustees on ………………………………………… and signed on their behalf by:

……………………………..

Mr. G. Anns Chair of Trustees

Page 7

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF CHRIST CENTRAL CHURCHES WORLDWIDE

(a Company Limited by Guarantee)

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2020 which are set out on pages 8 to 19.

Responsibilities and Basis of Report

As the charity 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 company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner’s Statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales.

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 that in any material respect:

  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.

Mr. J. Lester FCA Baines Jewitt Limited Chartered Accountants Barrington House 41-45 Yarm Lane Stockton-on-Tees TS18 3EA

Dated: ……………………………..

JL/AJD

Page 8

CHRIST CENTRAL CHURCHES WORLDWIDE

(a Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020 (including Summary Income and Expenditure Account)

Unrestricted Funds Unrestricted Funds Restricted Funds Total Funds
Notes 2020 2019 2020 2019 2020 2019
£ £ £ £ £ £
INCOME
Donations 3 255,533 273,650 209,659 41,878 465,192 315,528
Income from charitable activities:
Training and events 4 56,208 240,575 - - 56,208 240,575
Investment income 5 38 41 - - 38 41
Other income 6 - 396 - - - 396
____ ____ ____ __ ____ ____
TOTAL INCOME 311,779 514,662 209,659 41,878 521,438 556,540
========= ========= ========= ======= ========= =========
EXPENDITURE
Expenditure on charitable activities:
Training and events 7&8 213,721 496,002 - 1,399 213,721 497,401
Church planting and other giving 7&8 45,146 43,040 170,119 19,128 215,265 62,168
____ ____ ____ __ ____ ____
TOTAL EXPENDITURE 258,867 539,042 170,119 20,527 428,986 559,569
========= ========= ========= ======= ========= =========
Net income/(expenditure)
for the year 9 52,912 (24,380) 39,540 21,351 92,452 (3,029)
Reconciliation of funds:
Total funds brought forward 17 177,391 201,771 25,523 4,172 202,914 205,943
____ ____ __ __ ____ ____
Total Funds Carried Forward 16&17 230,303 177,391 65,063 25,523 295,366 202,914
========= ========= ======= ======= ========= =========

The Statement of Financial Activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The notes on pages 11 to 19 form part of these financial statements

Page 9

CHRIST CENTRAL CHURCHES WORLDWIDE

(a Company Limited by Guarantee)

(Company Registration Number: 08302020)

BALANCE SHEET AS AT 31 DECEMBER 2020

2020 2019
Note £ £ £ £
FIXED ASSETS
Tangible assets 13 3,223 4,298
CURRENT ASSETS
Debtors and prepayments 14 11,750 9,649
Cash at bank and in hand 364,365 254,977
______ ______
376,115 264,626
CURRENT LIABILITIES
Creditors: Amounts falling due within one year 15 (83,972) (66,010)
______ ______
NET CURRENT ASSETS 292,143 198,616
_____ _____
NET ASSETS 295,366 202,914
========== ==========
FUNDS 16 & 17
Unrestricted general funds 214,999 157,076
Unrestricted designated funds 15,304 20,315
_____ _____
Total unrestricted funds 230,303 177,391
Restricted funds 65,063 25,523
_____ _____
295,366 202,914
========== ==========

For the year ending 31 December 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

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

Approved by the directors and trustees on ……………………………………… and signed on their behalf by:

……………………………..

Mr. G. Anns Chair of Trustees

The notes on pages 11 to 19 form part of these financial statements

Page 10

CHRIST CENTRAL CHURCHES WORLDWIDE

(a Company Limited by Guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2020

2020 2019
Note £ £
Cash flow from operating activities 17 109,350 42,555
---------------- --------------
Cash flow from investing activities:
Interest receivable 38 41
Purchase of tangible fixed assets - (4,416)
__ __
Net cash flow from investing activities 38 (4,375)
------------ ------------
Increase in cash and cash equivalents in year 109,388 38,180
---------------- --------------
Cash and cash equivalents at the beginning of the year 254,977 216,797
_____ _____
Total cash and cash equivalents at the end of the year 364,365 254,977
========== ==========

The notes on pages 11 to 19 form part of these financial statements

Page 11

CHRIST CENTRAL CHURCHES WORLDWIDE

(a Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES

(a) General Information and Basis of Preparation

Christ Central Churches Worldwide is a private company limited by guarantee registered in England. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information on page 5 of these financial statements. The nature of the charity’s operations and principal activities are to advance the Christian faith.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial statements are presented in pounds sterling, which is the functional currency of the charity, and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

(b) Income Recognition

All income is recognised once the charity has entitlement to that income, there is sufficient certainty of receipt and it is probable that the income will be received, and the amount of income can be measured reliably.

Grants and Donations

Where donors specify that grants or donations are for a particular restricted purpose, which does not amount to pre-conditions regarding entitlement, the income is included in incoming reserves within restricted funds when received.

(c) Resources Expended

Resources expended are recognised in the Statement of Financial Activities on an accruals basis, inclusive of VAT. Individual costs are allocated between the various headings in the Statement of Financial Activities by reference to their underlying nature or the reason for which those costs were incurred, on an estimated percentage basis.

(d) Unrestricted and Restricted Funds

Unrestricted funds comprise income received or generated by reference to the general objects of the charity without further specified purpose. Such funds may however be designated by the trustees for specific purposes from time to time.

Restricted funds are those donated for a specified purpose as laid down by the donor or as the result of a specific appeal or application. Such funds are kept separate from the unrestricted funds of the charity and only related expenditure is charged against them.

(e) Tangible Fixed Assets and Depreciation

Tangible fixed assets are capitalised and depreciated by 25% per annum, on the reducing balance basis, so as to write off each asset over its estimated useful life.

Page 12

CHRIST CENTRAL CHURCHES WORLDWIDE

(a Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES (Continued)

(f) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

(g) Cash at Bank and in Hand

Cash at bank and cash in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

(h) Creditors and Provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

(i) Pension Costs

Contributions, which are payable into the personal pension plans of individual members of staff, are charged to the Statement of Financial Activities in the period to which they relate. The charity operates a salary sacrifice scheme in respect of pension contributions.

(j) Going Concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with levels of reserves for the charity to be able to continue as a going concern.

2. LEGAL STATUS OF THE CHARITY

The charity is a company limited by guarantee and has no share capital registered in England and Wales. The liability of each member in the event of winding up is limited to £10.

3. INCOME FROM DONATIONS

INCOME FROM DONATIONS
Unrestricted Funds Restricted Funds Total Funds
2020 2019 2020 2019 2020 2019
£ £ £ £ £ £
Giving from regional churches 176,890 173,064 - - 176,890 173,064
Devoted event offerings 74,867 86,624 - - 74,867 86,624
Other giving 3,776 13,962 165,034 41,878 168,810 55,840
Grants - - 44,625 - 44,625 -
____ ____ ____ __ ____ ____
255,533 273,650 209,659 41,878 465,192 315,528
========= ========= ========= ======= ========= =========

The charity benefits from the involvement and support of its many volunteers. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.

4. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted Funds Unrestricted Funds Restricted Funds Total Funds
2020 2019 2020 2019 2020 2019
Training and Events: £ £ £ £ £ £
Devoted event fees and other income - 155,537 - - - 155,537
Leaders events 15,333 29,605 - - 15,333 29,605
School of leadership 40,875 55,433 - - 40,875 55,433
___ ____ __ __ ___ ____
56,208 240,575 - - 56,208 240,575
======== ========= ======= ======= ======== =========

Page 13

(a Company Limited by Guarantee)

CHRIST CENTRAL CHURCHES WORLDWIDE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

5. INVESTMENT INCOME

5. INVESTMENT INCOME
Unrestricted Funds Restricted Funds Total Funds
2020 2019 2020 2019 2020 2019
£ £ £ £ £ £
Bank interest 38 41 - - 38 41
===== ===== ===== ===== ===== =====
6. OTHER INCOME
Unrestricted Funds Restricted Funds Total Funds
2020 2019 2020 2019 2020 2019
£ £ £ £ £ £
Sundry income - 396 - - - 396
===== ===== ===== ===== ===== =====
7. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
See page 17.
8. ANALYSIS OF SUPPORT COSTS AND GOVERNANCE COSTS
See page 18.
9. NET INCOME/(EXPENDITURE) FOR THE YEAR
This is stated after charging: 2020 2019
£ £
Depreciation 1,075 1,433
Independent Examiner’s and other accountancy fees:
- external scrutiny 1,450 1,450
- other costs 3,590 3,590
======= =======
10. STAFF COSTS AND NUMBERS
2020 2019
£ £
Gross wages and salaries 70,818 77,040
Employer’s national insurance costs 2,153 4,091
Pension contributions (see note 11) 51,206 44,983
Death in service cover 2,211 1,691
_____ _____
126,388 127,805
========== ==========
No employee received emoluments of more than £60,000.

The average number of staff engaged during the period was three (2019: three).

11. PENSION SCHEME

The pension costs of £51,206 (2019: £44,983) represent payments to defined contribution pension schemes operated in the names of individual employees of the charity. At the balance sheet date, there were no contributions outstanding.

Salary sacrifice arrangements are in place in connection with pension contributions.

12. TAXATION

As a registered charity, Christ Central Churches Worldwide is exempt from tax on its income under Section 505 of the Taxes Act 1988 provided that such income is applied for charitable purposes only.

Page 14

(a Company Limited by Guarantee)

CHRIST CENTRAL CHURCHES WORLDWIDE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

13. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Fixtures and
Equipment
£
Cost
At 1 January 2020 9,450
Additions -
Disposals -
__
At 31 December 2020 9,450
=======
Accumulated Depreciation
At 1 January 2020 5,152
Charge for the year 1,075
Eliminated on assets written off -
__
At 31 December 2020 6,227
=======
Net Book Value
At 31 December 2019 4,298
=======
At 31 December 2020 3,223
=======

There were no capital expenditure commitments at 31 December 2020.

14. DEBTORS AND PREPAYMENTS
Total Total
2020 2019
£ £
Trade debtors 550 -
Prepayments and accrued income 11,200 9,649
___ __
11,750 9,649
======== =======
15. CREDITORS: Amounts falling due within one year
Total Total
2020 2019
£ £
Trade creditors and accruals 82,408 64,217
Taxation and social security 1,564 1,793
___ ___
83,972 66,010
======== ========

16. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted Restricted
Funds Funds Total
£ £ £
Tangible fixed assets 3,223 - 3,223
Cash at bank and in hand 299,302 65,063 364,365
Other net assets/(liabilities) (72,222) - (72,222)
_____ ___ _____
230,303 65,063 295,366
========== ======== ==========

Page 15

CHRIST CENTRAL CHURCHES WORLDWIDE

(a Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

17. STATEMENT OF FUNDS

STATEMENT OF FUNDS
As At As At
13.12.19 Income Expenditure 31.12.20
£ £ £ £
Unrestricted funds 177,391 311,779 258,867 230,303
----------------- ----------------- ----------------- -----------------
Restricted funds:
Support for J. Mwila 23,190 52,154 35,344 40,000
Support for L. Yarborough 150 3,000 2,150 1,000
Canada travel costs 2,183 - - 2,183
Covid-19 appeal - 127,880 121,000 6,880
African nations project - 20,000 5,000 15,000
Canada church plant - 4,625 4,625 -
UK church support - 2,000 2,000 -
___ _____ _____ ___
25,523 209,659 170,119 65,063
-------------- ---------------- ---------------- --------------
Total funds 202,914 521,438 428,986 295,366
========== ========== ========== ==========
Previous year:
As At As At
13.12.18 Income Expenditure 31.12.19
£ £ £ £
Unrestricted funds 201,771 514,662 539,042 177,391
----------------- ----------------- ----------------- -----------------
Restricted funds:
Support for J. Mwila 440 37,130 14,380 23,190
Support for L. Yarborough 150 2,748 2,748 150
Canada travel costs 3,582 - 1,399 2,183
Kenya giving - 2,000 2,000 -
__ ___ ___ ___
4,172 41,878 20,527 25,523
------------ -------------- -------------- --------------
Total funds 205,943 556,540 559,569 202,914
========== ========== ========== ==========

Unrestricted Funds

Of the unrestricted funds the trustees have designated the non-restricted balance on the ‘Hope’ bank account of £15,304 (2019: £20,315) for general crisis relief.

Restricted Funds

Support for J . Mwila - the income received is to support the work of Mr. Mwila in Zambia and other nations.

Support for L. Yarborough - the income received is to support the work of Mr. Yarborough in Mexico and other nations.

Canada travel costs - this represents income from the Newday conference in 2018 and has been used to fund travel costs for Mr. J. Simpkins in his support of a church plant in Toronto. For reasons outside the control of the charity this project has come to an end. The balance of these funds is to be used for future church-planting in either Canada or the UK, which are also supported by Newday.

Covid-19 appeal – in the west, we are fortunate to live in nations with highly developed healthcare systems and have governments who can offer financial support to those in hardship. This is not the case in many developing countries. In these nations, the majority of the population live a subsistence lifestyle where people earn money each day to support their families. Such environments make having a lockdown very difficult.

We therefore launched an appeal to support some of the Christ Central Churches in those countries which have been most severely affected by the Covid-19 pandemic.

African nations project - this was an appeal to provide relief from drought and famine mainly in Zambia but could be extended to include other affected African nations.

Page 16

CHRIST CENTRAL CHURCHES WORLDWIDE

(a Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

17. STATEMENT OF FUNDS ( Continued )

Canada church plant – we received giving from the Newday youth conference to support our church planting work. The funds received were used to support our Vancouver church plant.

UK church support – an anonymous gift was received which was passed on to Hope Church in Harrogate to support the work of the church.

18. TRANSACTIONS WITH TRUSTEES AND CONNECTED PERSONS

Throughout the period under review, the charity was under the control of the directors/trustees.

Gross Employer’s Pension Other Total Total
Salary NIC Contributions Benefits 2020 2019
£ £ £ £ £ £
Mr. G. Anns 39,705 1,496 13,871 971 56,043 56,796
Mr. J. Simpkins 14,438 275 11,444 734 26,891 40,796
Mrs. A. Simpkins 16,675 382 25,891 506 43,454 30,213
___ _ ___ _ _____ _____
70,818 2,153 51,206 2,211 126,388 127,805
======== ======= ======== ======= ========== ==========

Christ Central Churches Worldwide also made payments totalling £5,000 (2019: £5,000) to Jubilee Church Derby for the provision of staff time for communications and publicity services.

Page 17

CHRIST CENTRAL CHURCHES WORLDWIDE

(a Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

19. RECONCILIATION OF NET MOVEMENT IN FUNDS TO CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
2020 2019
£ £
Net movement in funds 92,452 (3,029)
Add:Depreciation charge and adjustment on write off of fixed assets 1,075 1,433
Less:Interest receivable (38) (41)
Decrease/(increase) in debtors (2,101) 115
Increase/(decrease) in creditors 17,962 44,077
_____ ___
Cash Flow from Operating Activities 109,350 42,555
========== ========

CHRIST CENTRAL CHURCHES WORLDWIDE

(a Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

7. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

Training & Events
Unrestricted Funds
Restricted		 Training & Events
Unrestricted Funds
Restricted		 Training & Events
Unrestricted Funds
Restricted		 Funds Church Planting
Unrestricted Funds		 Church Planting
Unrestricted Funds		 & Other Giving
Restricted
Funds		 Total Costs
2020 2019 2020 2019 2020 2019 2020 2019 2020 2019
£ £ £ £ £ £ £ £ £ £
Staff costs 98,369 99,408 - - - - - - 98,369 99,408
Publicity and flyers 1,075 5,181 - - - - - - 1,075 5,181
Marketing 5,000 5,000 - - - - - - 5,000 5,000
Leaders’ ministry expenses 12,078 31,386 - 1,399 - - - - 12,078 32,785
Global team expenses 5,921 8,878 - - - - - - 5,921 8,878
Team and extended team days 605 6,522 - - - - - - 605 6,522
Grants paid - - - - 26,560 38,168 169,039 19,128 195,599 57,296
Devoted expenses 11,003 219,320 - - - - - - 11,003 219,320
School leadership 44,741 52,275 - - - - - - 44,741 52,275
Other training events 13,846 27,140 - - - - - - 13,846 27,140
Sundry expenses 13 13 - - - - - - 13 13
Other professional fees 470 470 - - - - - - 470 470
Depreciation 1,075 1,433 - - - - - - 1,075 1,433
_____ _____ ______ __ ___ ___ _____ ___ _____ _____
194,196 457,026 - 1,399 26,560 38,168 169,039 19,128 389,795 515,721
Support costs (page 19) 13,959 25,242 - - 14,060 3,155 - - 28,019 28,397
Governance costs (page 19) 5,566 13,734 - - 4,526 1,717 1,080 - 11,172 15,451
_____ _____ ______ __ ___ ___ _____ ___ _____ _____
213,721 496,002 - 1,399 45,146 43,040 170,119 19,128 428,986 559,569
========== ========== ===== ======= ======== ======== ========== ======== ========== ==========

CHRIST CENTRAL CHURCHES WORLDWIDE

(a Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

8. ANALYSIS OF SUPPORT COSTS AND GOVERNANCE COSTS

Basis of Support Costs
Unrestricted Funds		 Support Costs
Unrestricted Funds		 Unrestricted Governance
Funds		 Costs
Restricted		 Funds Total Costs
Apportionment 2020 2019 2020 2019 2020 2019 2020 2019
£ £ £ £ £ £ £ £
Staff costs Staff role 28,019 28,397 - - - - 28,019 28,397
Insurance Governance - - 3,027 3,167 - - 3,027 3,167
Directors’ expenses Governance - - 262 471 - - 262 471
Administration costs Governance - - 260 1,636 1,080 - 1,340 1,636
Independent Examiner’s and other
accountancy fees Governance - - 5,040 5,040 - - 5,040 5,040
Bank charges Governance - - 1,503 5,137 - - 1,503 5,137
___ ___ ___ ___ __ __ ___ ___
28,019 28,397 10,092 15,451 1,080 - 39,191 43,848
======== ======== ======== ======== ======= ======= ======== ========