REGISTERED COMPANY NUMBER: 08522873 (England and Wales) REGISTERED CHARITY NUMBER: 1153061 City Church Preston Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2023
City Church Preston Contents of the Financlal Statements for the year ended 31 December 2023 Page Reference and Administrative Details Report of the Trustees Independent Examinerfs Report Statement of Financlal Activlties Balance Sheet Notes to the Financial Staternents 10 to 15
City Church Preston Reference and Administrative Details forthe yearènded 31 Dèeembèr 2023 TRUSTEES DC Hogarth (resigned 31112120231 PJ Mallby TA Evenson-Appleyard SR Thirukumaran A Coupe (appointed 8112120231 PH BaL8haw (appointed 21f120241 REGISTERED OFFICE St Thomas, Centre Lancaster Road North Preston Lancashire PR1 2SQ REGISTERED COMPANY NUMBER 08522873 (England and Wales) REGISTERED CHARITY NUMBER 1153(1 INDEPENDENT EXAMINER Mcmillan & Co LLP Chartered A¢countsnls 28 Eaton Avenue Matrix Offe Park Buckshaw Village Chorley Lancashire PR7 7NA Page 1
City Church Preston (Registered number: 08522873) Report of the Trustees for the year ended 31 December2023 The trustees who are also directors of the charity for Ihe purposes of the Companies Act 20(, present their report with the finanaal statements of the chafity for the year ended 31 December 2023. The Iruslees have adopted the provisions of Accounling and Reporting by Charilies.. Statement of Recommended Practice applicable to charities preparing their accounts in a¢cordants wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019) OBJECTIVES AND ACTIVITIES Objectives City Church Preston a communily of failh. hope and love that seeks lo communicate the life changing message of Jesus lo Preston and beyond. The Chur¢h seeks lo serve the community and encourages its church partners and regular attendees to be involved in all posib've aspects of serving our city- The objectives of the Church are for the benefit of the public.. al to advance the Christian faith in accordance wth the Statement of Faith of A55emblies of God in such ways and in such parts of the United Kingdom or the wodd as the Directors from lime lo time may think fil., bl lo relieve sickness and financial hardship and to PTomoie and preseNe good health by the provisTron of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the Directors fr()m lime to tirne think fiL and", lo advance education in such ways and in such parts of the United Kingdom and the wortd as the Oireclors from lime to lime may think fiL In accofdance with its aims, the Church planned and delNered a fftnge of aclivilies throughout the year. These activities were planned wth due regard lo the Charity Commission's guidance on public benefit, and in particular. the specific 9uidance on charities for the advanment of religion. Church partners and attendees have been encouraged to bewme active in the expression ol their Christian faith through., teaching. encouragement and practKal demonstration on how to follow the example of Jesus, in failh, word and action. Collective acts of worship. The Church also provided funeral servrces, with emotional and practul support provided for the famity and friends of those who had passed away. Aims and purposes The trustees are responsible for ensuring that City Church Preston fulfils rts charitable aims which are lo advance Ihe Christian faith. relieve sickness and financial hardship, and advance education. The Iruslees ¢onfirrn that they have referred lo the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charitys aims and objectives. Page 2
City Church Preston (Registered number: 08522873) Report of the Trustees for the yearended 31 December 2023 ACHIEVEMENT AND PERFORMANCE Charitable activities and revlew ol the year City Church Preston Is a vibrant lailh communtty centred on the teaching and example of Jesus Christ. 11 is a community which is socially and ethnically dNerse, inclusive. and connects wlh all ages. The Church is welcoming lo all, particularty those who are interested lo arn more about the Christian faith. Opportunities such as the 'Alpha course, have been provided for those who wish lo gain an understanding of Ihe basic principles of Christianity. together wilh water bapb.smal ServIS for those who wish to be baplised. During 2023 the Church provided a nefv40rk of praclKal support for people, I[ldIng pastoral support for those in challenging situations. visiting those who were sick. and support for the elderly and disabled. Practical support and guidance were made available to those who were In financial difficulty, together with prayer and support lor difficult situations faced by those in the ¢hurch community, their colleagues, friends, family and the wider community. The food market provision has been a consistent source of encouragement. wlh many members of the local community not onty engaging wth this, bul also volunteering lo help run it_ Pastoral connections were mainlaine(i through one-lo-one sessions to encourage and support individuals. The Iruslees are grateful lo Preston City Council for grant fundin9 which underwrites the Cost of the food distributed al the market and allows a good selecb'on of fresh food lo made available in addition lo tinned and packet goods. Throughoul the year the Ghurch leaders taught on the nature of God's juslice and how this has practical implications for the way we live. The opportuntty was provided for our diverse community lo share their experiences and insights on God's justi - capturing many different cultural perspectives and leaming much about each other in the proTrss. This provKled reassurance and encouragement lo many_ At Easter the church launched a Tamil-speakin9 Servi on Sunday aftemoons lo cater for those from south India and Sri Lank8_ This has been a great encouragement lo the community. Messages 8re shared in Tamil and translated into English for those who need it. This has increased the church's reach Into a growing community in Preston as many people arnve for study, or lo work in the carelheallhcare sectors. The church is able lo neOrk FEople and help them sellle by providing practthl and pasloral support as they adjust to a new culture. Intentional work is undertaken lo create spaS where the thurch comes together as one body. regardless ol molher-longue spoken. For the first time in many years, the church held an away day to which all were invrted. Approximately 70 people joined together al Bleasdale Parish Hall in the Trough of Bowland and enjoyed challing, games, walking, food and worshipping together in a differenl environment For some It was a (are opportunrty to gel out of Preston, with transport provided. Thanks lo the generosity of the church community everything was free of charge. Strong corbneclions have been rnade with students and young adults through weekly a¢livilies for the 18-30s. A significant woporbon of the students who connect wrth the church are from abroad. We are able lo provide a warm and welcoming 'home from home. environment where friendship and t*er support are fostered This has positive effects on people's wellbeing. The stK)rls hall is well used by this group. Children and young people are encouraged in their farth ioumey Ihrough age-appropriate Gonlenu opportunities lo explore queslions of faith and allowed to reach their ¢)wn ¢onclusions_ The church continued lo live-stream Sunday services on the church website and YouTube, helping members who were olherwise unable to allend to access the leaching and allowing prospective visitors lo get a foretssle befe they arrived. Church ServIS and content were rnade widety available and advertised on the church website, notices in the buikjing, and through s(127 media. so that they weie made available to as many people as possible. During the year all tx)licies and procedures ale reviewed land uwlaled where appropriatel. The safeguarding policy is updated annually lo rellecl the lalesl advi from AOG and Thity One. Eight advisory service. Page 3
City Church Preston (Registered number: 08522873) Report of the Trustees for th¢ year ended 31 December 2023 ACHIEVEMENT AND PERFORMANCE Staff and volunteers All areas of church life are essenlialty staffed by volLJnleers who freety give their time and skills, and wilhoul whom the chanty could not function. Towards the ènd of the year the church aproinled a part-lime Safeguarding Co-ordinator. The only other remunerated staff members during 2023 were the part-lime Lead Pastor, and the part-time Chutch Caretaker. Two leadership 'away days. were undertaken in the year wth the trustees and Ministry Team coming together lo pray, plan, and learn together. This approach was well receNed and will be Incorporated Into future ways of working. Mls$lons As in previous years. there continues lo be a strong emphasis on missions work outside the church itself locally, around the UK and overseas. During the period the church has given £12,188 to support missions. This has included direct support to missionaries vK)rking in the UK and overseas. As part of the church's theme of'God's justi, all of our partneis were invited lo attend in person and speak lo Ihis theme during the course of the year. Powerful contributions were shared by spe2keis on issues as diverse as the persecuted Church, where is God when we face Iile-conlrolling issues, creation care. and justs.ce in developing countries. Church premlses The church building, Sl Thomas. Cenlre, gNes City Church Preston an operatin9 base, a home in the community, and supports the extension and developrnent of ministy opportunities within the Community we serve. All church services and the weekly coffee morning drop-in, which allows pastoral ¢onver5alions and support, and create5 an accessible conneclion F(sinl for the I1 community, are held in the building. Partnerships The Church is committed lo playing a full part in Ihe Assernblies of God GB fellowship, aiming lo always be a net contributor lo this wider neork. This includes conlribuling lo the AOG GB INCARE Relief and Development fund, and playing an active role in the AOG Hub and Zone meetings. September the Lead Pastor look oft a voluntary role supporting AOG armed forces chaplains. which makes use of the expertise he has developed in his paid employment for the MelhTrYisl Church. The Church also continues lo benefit from close working with other churches and organisalions in Preston. the North Wesl and elsewhere in the UK and abroad. A successful partnership with Preston City Council and Fareshare conb.nued to provide food markets each month. The Church continues to pursue partnerships that are of benefit to attendees and the wder MmUnity. such as ils partnerships with Community Sdutr"ons. Diverse Church. Fusion (linking into the students al UCLanl, Mercy UK and many others. Summary There has been a conlinualton of the gcx)d work carried out by the church, with many people. tx)Ih young and Old, being empowered and encouraged lo make better life choices. For Some this has been lo lake further steps on their journey to faith, wlh a number tEcoming part of the church Gommunity. The church was able to provide pastoral, emotional and practical support lo those in need. In all these areas the Trustees wish lo record their thanks to God for his leading and provision, logelher with their thanks to all the volunteers who have sacrificially gwen of iheir lime and finance in service lo both the church community and the wider communty. FINANCIAL REVIEW Reserves policy The Charity has a Reserves Policy which Klentifies a prudent level of reserves. based on hokjing an amount equal lo circa six months salary bill. Additional to this is a value held in reserve for the planned and unplanned maintenance of St Thomas, Centre on Lancaster Road North, which is the operating base for the Church. Page 4
City Church Preston (Registered number: 08522873) Report of the Trustees for thè Yèarend 31 Dècember 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document. the Articles of Ass(xiation, and constitutes a limited cornpany, limited by guarantee, as defined ty the Companies Act 20C6. Recruitment and appointment of new trnstees The trustees of the charity are responsible for the leadership and management of the charty lo fulfil the objectives of the charity in line wlh Biblical pnncIpS and legal requirements. Appointment of additional trustees is the responsibility of the existing trustees. Rlsk manag8ment The Iruslees have a duty to identify and review the risks to which the charity is exposed and lo ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Approved by order of the board of trustees on 18 June 2024 and signed on ils behalf by." PJ Maltby- Trustee Page 5
Independent Examiner's Report to the Trustees of City Church Preston Independent examinerfs report to the trustees of Cty Church Preston {'tho Company.) I report to the charity tfustees on my examination of the accounts of the Company for the yeaf ended 31 December 2023. ResponslbS1ities and basis of report As the chaftvs trustees of the Company land also tts directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance wf(h the requiremenls of the Companies Act 2006 ('the 2006 Act'i Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 20 Act and are eligible for independent examination, I report in iespect of my examination ol your charivs accounts as ¢arried out under Section 145 of the charib.es Act 2011 I'the 2011 Acl'l. In carrying out my examination I have followed the Directs'ons given by the Charrty Commission under SeCtn 14515} Ibl of the 2011 Act. Independent examinerfs statement I havè completed my examination. I confirm that no matters have rne lo my attents.on in connection wlh the examination giving me cause lo believe". accounting records were not kept in res1 of the Company as required by Section 386 of ihe 2006 Act., or the ae¢ounls do not accord with those records" or the accounls do not compty wrf(h the accounb.ng requirements of secb.on 3 of the 2006 Act othe than any requirement that the accounts gNe a true and fair wew which is not a matter considered as part of an independent examination.. or the accounts have not been prepared in accordance wilh the methods and principles of the Slalemenl of Recornmended Practice for accounting and reporbn9 by charities (applicable to charities preparing their accounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic of Iieland IFRS 102}) I have no concerns ané have Come across no other matters in connection wth the examin2tion lo which allenlion should be drawn in this report in ordef to enable a proper understanding of the accounts lo be reached. Neil Mcmillan FCA Mcmillan & Co LLP Chartered Accountants 28 Ealon Avenue Matrix Olfice Park Buckshaw Village Chorley Lancashire PR7 7NA 18 June 2024 Page 6
City Church Preston statement of Financial Activities for thé y¢ar ended 31 December 2023 2023 Total funds 2022 Total funds Unresfftted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 56.123 6,009 62,132 56,591 Charitable activities Income 375 375 641 Investment income 234 234 18 Total 56.732 6,009 62,741 57.250 EXPENDITURE ON Charitable activities Church Activities Building Expenses Administration 23.576 16,922 10,664 7,130 265 30,706 17,187 10.664 29,243 12.233 10,198 Other 1.080 1,080 1,080 Total 52,242 7,395 59,637 52,754 NET INCOMEIIEXPENDITURE) 4,490 {1.3861 3.104 4.496 RECONCILIATION OF FUNDS Total funds broLrght forward 180,142 3.333 183.475 178,979 TOTAL FUNDS CARRIED FORVVARD 184.632 1.947 186.579 183.475 The notes form part of these financial statements Paae 7
City Church Preston (Registered number: 08522873> Balance Sheet 31 December 2023 2023 Totsl funds 2022 Totsl funds Unreslricled Restricted fund lunds Notes FIXED ASSETS Tangible assets 156.649 133 156,782 157,547 CURRENT ASSETS Debtors Cash at bank 3.603 29,393 275 1.539 3,878 30.932 1.523 28,413 32,996 1,814 34.810 29.936 CREDITORS Amounts fallin9 due within one year 10 (5.013) (5.0131 14,008} NET CURRENT ASSETS 27,983 1.814 29.797 25,928 TOTAL ASss LESS CURRENT LIABILITIES 184,632 1.947 186,579 183,475 NET ASSETS 184,632 1.947 186,579 183,475 FUNDS Unreslricled funds Restricted funds 11 184,632 1,947 180,142 3,333 TOTAL FUNDS 186,S79 183,475 The charitable company is enlilled to exempb'on from audit under secb.on 477 01 the Companies Act 2006 for the year ended 31 December 2023. The members have not required the company to obtain an audit of rts financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 20(6. The trustees acknowledge Iheii responsibilities for (al ensuring that the charitable company keeps accounting records that (x)mply with Sections 386 and 387 of the Companies Act 21X)6 and prepaftng financial statements which give a true and fair Mew of the stsle of affairs of the charitable company as al the end of each financial year and of its surplus or deficit for ea¢h financial year in accordance wlh the requiremenls ol Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 20( relating to financ1 slatemenls, 50 far as applicable to the charitable company. Ibl The notes form part of these financial stslemenls Paae 8 continued
Clty Church Preston (Registered number: 08522873) Balance Sheet- continued 31 Dècember 2023 These financial slalements have been prepared in accordance with the PTowsions applicable lo charitable companies subject lo the small companies regime_ The financial stalemetbls were approved by the Board of Trustees and authorised for issue on 18 June 2024 and were signed on ils behalf by". kkl) PJ Mallby- Trustee The notes fom part of these financial slalements Paoe 9
City Church Preston Notes to the Financial Statements for the year ended 31 December 2023 GENERAL INFORMATION The charity is a registered charity in EngL4nd and Wales and is unincorporated. The address of the principal office is St Thomas, Centre, Lancaster Road North. Preston, PR12SQ. There are no material uncertanlies atx)ul the charitls ability lo (x)nb"nue. The presentslional currency of the financial statements is the Pound Sterling l£l- The amounts in the financial statements have teen rounded to the nearest £1. ACCOUNTING POLICIES Basis of preparing the financial stat8m8nts The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance wtth the Charities SORP (FRS 1021 'Aecounting and Reporting by Charities". Statement of Recommended Practice applicable lo charities preparing their accounts in accordan wlh the Financial ReportJ"ng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191,. Financial ReFK)rting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial ststements have been prepad under the historical cost convenlTron. Income All incorne is recognised in the Statement of Financial ktivtbes ortce the charity has entitjemenl to the funds, il is probable that the income will be f1Ved and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation committing the charity to that expenditure, il is probable that a transfer of economic benefils will be fequired in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accnjals bas15 and has been dassified under headings that aggregale all cost related lo the category. Where cos15 cannot be direc¥y allfibuled lo partrcular headings Ihey have been allocated lo activities on a basi% consistent with the use of resources. Governance costs Governance costs are those incurred in conneclion wrth complian¢e and conslrtulional and slalutory iequirements. Tangible fixed assets Depreciation is provided at the following annual rates in order lo write off each asset over its estimated useful life. Fixtures and fittings Cornpuler equipment 15(Al on reducing balance 330A on cost Freehold propety is not depreciated. No depreciation is provided on the freehold buildings as the Trustees consider that the lives of these assets are so long and residual values, based Dn prices prevailing al the Iirne of acquisib'on. are sufficientty hKJh that any depreciation would be Immaterial. Taxation The charity is exempt from coiwrabon lax on rts charitsble actsvities Fund accountlng Unreslricled funds can be used in accordance wlh the charitsble objectives al the dISet)n of the Iruslees. Reslricled ndS can only be used for particular reslricled purposes within the objects of the charity. Reslriclions arise when specified by the donor or when funds afe raised lor parbcular reslricled purFK)ses. Page 10 continued...
City Church Preston Notes to the Financial Statements - continued forthe year ended 31 December 2023 ACCOUNTING POLICIES - continued Fund accounting Further explanation of the nature and purpose of each fvnd is included in the notes lo the financial slatemenls. Pension costs and other post-retiremenl benefits The charitable company operates a defined contribution pension scheme. ContribulK)ns payable lo the charitable companys pension scheme are charged to the Slatemenl of Financial Activities in the period lo which they relate. Financial instwments Financial instruments are recognised when the company becomes party lo the conlraclual provisions of the instrument Basic financial assets, which include debtors. prepayments and bank balances, are initially measured al Iransaciton price and are subsequentty carried at cost unless the arrangement Indicates otherwise and then the asset is measured al the present value of the future receipts discounted al a market rale of interest. Basic financial liabilities, which include creditors, accfuals, bank loans and group borrowngs, are initially recognised al transa¢lion price and are subsequently carried 21 cost unless the arrangement indicates otherwise and then the liabilty is measured al the present value of the future obligations discounted at a market rale of interest. INVESTMENT INCOME 2023 2022 Deposit account interest 234 18 NET INCOMEI{EXPENDITUREI Nel incomel{expenditure} is staled after chargingllcredilingl." 2023 2022 IndeperKJenl examination Depreciation - owned assets 1,080 1.229 1,080 1,134 TRUSTEES. REMUNERATION AND BENEFITS Mr PJ Mallby, a Trustee was paid £6,930 12022" £6.6001 for his services as Lead Pastor. The payment was approved by the Board of Trustees and is pem)itted by the conslilulion, which has been approved by the Charity Commission. Mr PS Counsell. a former Trustee wa5 paid £nil {2022'. £3,000) for his seNices as Lead Pastor. The payment was approved by the Board of Trustees and is pemilled by the conslitulion. which has been approved by the Charity Commission. Mr D Allton, the husband of one of the former Trustees vrds paid £nil12022' £2,300) for his services as Pastor. Tru5tees' expenses There were no trustees. expenses paid for the year ended 31 December 2023 nor for the year ènded 31 December 2022. Page 11 continued...
City Church Preston Notes to the Financial Statements - continued for the year ended 31 December 2023 STAFF COSTS 2023 2022 Wages and larIeS Other pension costs 10.162 377 14,401 595 10,539 14,996 The average monthly number of employees during the year was as follows.. 2023 2022 Staff No employees received emoluments in excess of £60,(KIO. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled fund Reslricled funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 50.326 6,265 56,591 Charitable activities Income Investment income 18 Total 50,985 6,265 57.250 EXPENDITURE ON Charltable activities Church Activities Building Expenses Adminislrats"on 25.457 12,233 10.198 3,786 29,243 12.233 10,198 Other 1,080 1,080 Totsl 48.968 3,786 52,754 NET INCOME 2.017 2,479 4,496 RECONCILIATION OF FUNDS Total ftjnds broughl lorward 178,125 854 178,979 TOTAL FUNDS CARRIED FORWARD 180,142 3,333 183.475 Page 12 continued...
City Church Preston Notes to the Financial Statements - continued for the year ended 31 December 2023 TANG18LE FIXED ASSETS Fixtures and fittings Freehold property Compulei equipment Totals COST At 1 January 2023 Additions 152,756 8.267 3,220 464 164,243 464 At 3lDeMber 2023 152,756 8.267 3.684 164.707 DEPRECIATION Al 1 January 2023 Charge for year 4,903 505 1.793 724 6.696 1.229 At 31 December 2023 5.408 2.517 7,925 NET BOOK VALUE Al 31 December 2023 152,756 2,859 1.167 156.782 At 31 December 2022 152.756 3.364 1,427 157,547 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Other debtors Prepayments 3.346 532 1.224 299 3,878 1,523 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Accruals and deferred income 5.013 4,008 11. MOVEMENT IN FUNDS Nel movement in funds At 31112123 At 111123 Unrestricted funds General fund 180,142 4.490 184,632 Restricted funds Missions Youth Funds Utilities Fund 1,504 1.564 265 1831 11,1001 12031 1,421 464 62 3.333 11.3861 1.947 TOTAL FUNDS 183,475 3.104 186,579 Page 13 continued...
City Church Preston Notes to the Financial Statements - continued lor the year ended 31 December 2023 11. MOVEMENT IN FUNDS- continued Nel movement in funds, included In the above are as follows-. Incoming resources Resources expended Movernent in funds Unrestricted funds General lund 56,732 152,2421 4.490 Restricted funds Missions Youth Funds Ulililies Fund 5,947 16,030) 11.100) {265} 183) 11,100) {2031 62 6.009 17.3951 11,3861 TOTAL FUNDS 62.741 159,6371 3.104 Comparatives for movement In funds Net movement in funds At 31112122 At 111122 Unrestrlcted funds General fund 178,125 2,017 180.142 Restricted funds Missions Youth Funds Utilities Fund {7381 1,592 2.242 1281 265 1,504 1,564 265 854 2,479 3,333 TOTAL FUNDS 178,979 4.496 183.475 Comparab've nel movement in funds, included in the above are as folbws.. Incoming resources Resources expended Movement in funds Unrestricled funds General fund 50.985 148,968) 2,017 Restricted funds Missions Youth Funds Utilities Fund 6.000 (3,7581 1281 2,242 1281 265 265 6,265 13,786} 2,479 TOTAL FUNDS 57,250 152,7541 4,496 The Pufwse of the reslrieled funds is as follows- Page 14 continued...
City Church Preston Notes to the Financial Statements - continued for the year ended 31 December 2023 11. MOVEMENT IN FUNDS- Continued MissK)ns There are a number of small funds to support missionaries and other Christian work both in the UK and overseas. Theie are a number of small funds to support the work of Ihe church with children and young people. Youth Funds 12. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 December 2023 or 31 December 2022. Page 15