Page **1** of **12**
## **Trustees’ Annual Report for the period**
**From 06/04/22 Period start date To 05/04/23 Period end date**
**Charity name: Sussex Street Christian Centre**
**Charity registration number: 1171448**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The principal purposes of the Church as
stated in the Church Governing
Document are: -
1) The advancement of the
Christian faith according to the
principles of the Baptist
denomination.
2) The Church may also advance
education and carry out other
charitable purposes in the United
Kingdom and/or other parts of the
world.|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|The Trustees want to see the Christian
message of God’s love for all people
spread in Rhyl and the surrounding
area, and internationally through our
support of missionary workers overseas.
The Church holds services each Sunday
morning where the Bible is taught,
people worship God through music, and
we pray for personal, local and
international needs.
The Trustees meet monthly to discuss
practical matters regarding the
maintenance of our premises, and the
Elders of the Church now meet
monthly. (after a break during the
Coronavirus pandemic), focusing on
pastoral issues. The Church leaders are
particularly interested in reaching out to
children, young people and their
families, which they see as essential for
the future of the Church. Some|
Page **2** of **12**
|||members volunteer in taking Open The
Book presentations of Bible stories into
some of the local primary schools. The
Trussell Trust Food bank based in our
church gives out food on Tuesdays,
Thursdays and Friday to those in need
who come with a recognised voucher.
FoodBank also provides ‘surplus’ food
(collected from local shops), through
the Fareshare scheme, for anyone to
collect on Tuesday, Thursday and
Friday. A Debt Advisor and Local
Influencer (looking at resolving local
issues affecting Foodbank clients) are
also employed at the church.|
|---|---|---|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The Trustees have had regard to the
guidance issued by the Charity
Commission on public benefit through
their agreement with the Church
Governing Document.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
||
SORP reference||
|---|---|---|
|Policy on grant making|Para 1.38|N/A|
|Policy on social investment
including program related
investment|Para 1.38|N/A|
|Contribution made by
volunteers|Para 1.38|The Church is very dependant for its
activities on volunteers. This is
particularly the case regarding Children
and Youth work, Church Office,
participation in Sunday Services, Bible
Study groups, Pastoral Care Group,
Open The Book, and Trussell Trust
Foodbank|
|Other|||
Page **3** of **12**
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The congregation has met on each
Sunday morning during the year and a
series of biblical themes have been
covered in the preaching. The Minister
is the main speaker, but the Assistant
Minister and several other members of
the congregation are also involved in
speaking roles. We welcome people
from a wide variety of backgrounds and
ethnic origins. In addition to the
morning services, a number of regular
Church based activities occur.
There are frequent opportunities
for the Minister Trevor Casey to
offer counsel and advice to
Church members, and he and
other members of the
congregation contact people who
find it more difficult to get out.
Prayer First – on the evening of
each first Sunday in the month,
members of the Church meet to
pray for local, national and
international needs
Messy Church – on the morning
of the second Sunday of the
month, the church holds a
service specifically aimed at
involving the children who come
on that morning.
The church has several house
groups where there is Bible
study and prayer, and where
pastoral help is available.
On Thursday mornings a group
of church members meets to
pray for individuals, our church
and its’ activities, and sometimes
situations further afield
KidZone–each Sunday morning|
Page **4** of **12**
|||the children of primary school
age are taught Bible stories and
their application in their own
class.
Toasters – this is not happening
at present – the teenagers leave
the service after about 30
minutes for their own session
with toast.
On Friday evenings the church
runs Generate Youth, a Christian
youth club. This is run by our
Assistant Minister, Glyn Watson,
and a team of volunteers
Leavers’ Days at the end of the
Summer term where year 6
children are given the
opportunity to visit our church
and become involved in music,
creative prayer, drama and
problem solving.
Trussell Trust Foodbank where
food is given to those in need,
upon presentation of a voucher
given by another agency; this is
available three days a week, and
runs alongside Fareshare
(outlined above).
Christian Money advice – people
from the Rhyl area who are
encountering financial difficulties
are referred to CMA for help to
overcome these difficulties. We
have people trained to the
required standard who are able
to analyse the financial problems
and act as a go-between with
the financial agencies, banks etc.
This has resulted in people
finding a way out of their
financial difficulties. CMA is
registered with the Financial
Conduct Authority
Other agencies, such as Rhyl
Town Council, continue to use
the premises from time to time|
|---|---|---|
Page **5** of **12**
for their own activities. Apart from activities in the Church building, we also run activities for Young People outside the Church. Open The Book assemblies where Bible stories are presented in a dramatised way to 4 local schools up to 5 times a year. During the summer holidays members of the Church volunteer to help with camps for children and families in Wales. This has meant helping with erection and dismantling of the camps, as well as cooking and serving meals and other activities. Internationally, two members now work in a prison ministry helping prisoners find God and preparing them for return to the outside world. They have been involved in prisons in Romania, Nepal, the United States and Brazil, setting up and training new teams to continue the work. We also have on-going interest and prayer for other previous members of the Church who are now serving God as Christian workers overseas. Each Christmas the Church seeks to raise funds for a Christmas project. These projects alternate between overseas and UK based projects. At Christmas 2022 we raised £1080 to support the work of Hope Restored in Llandudno. Hope Restored help the homeless and needy. The Church works together with other Churches in the area as opportunities arise for combined outreach efforts.
**Additional information (optional)**
Page **6** of **12**
You may choose to include further statements where relevant about:
|
Achievements against
objectives set|
Para 1.41|
N/A|
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41|N/A|
|Investment performance
against objectives|Para 1.41|N/A|
|Other||N/A|
## **Financial Review**
|Review of the charity’s
financial position at the end
of the period|Para 1.21|The Trustees reviewed the Finances
and found that the Charity’s income had
increased significantly over the previous
year.
Total receipts of unrestricted funds for
the General Fund during the year
amounted to £127,477. (This included a
gift of £44,000).
A further total of £612,765 of restricted
funds were also received and are
detailed in the financial statements.
This comprised largely of grants for the
building refurbishment work and for
Foodbank.
This included £450,515 for the church
building refurbishment and a further
£89,315 for the work of Foodbank.
Many members now choose to give by
‘standing order’ and Gift Aid their
donations, and this resulted in a Gift Aid
claim of £15,446 (which is included in
the General Fund total above).
A large proportion of the General Fund
was spent on the salaries of the
Minister and the Assistant Minister
(£54,186 total). The gift of £44,000 was|
|---|---|---|
Page **7** of **12**
|||put into the savings/reserve fund.|
|---|---|---|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The Trustees have a reserves policy of
working towards retaining £30,000
specifically for contingencies and
emergencies. We aim to put £5,000
aside each year to achieve this.
A gift of £44,000 in January 2023 has
enabled the church to reach this level of
reserves.|
|Amount of reserves held|Para 1.22|£45,000|
|Reasons for holding zero
reserves|Para 1.22||
|Details of fund materially in
deficit|Para 1.24||
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23||
## **Additional information (optional)** You may choose to include further statements where relevant about:
|
The charity’s principal
sources of funds (including
any fundraising)|
Para 1.47|
Donations from existing members.
Most of these funds are used to pay
salaries and maintain the Church
building, as well as organising other
activities.|
|---|---|---|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|N/A|
|A description of the principal
risks facing the charity|Para 1.46|A description of the principal risks
facing the charity – Declining number
of wage earners among Church
Members, and an ageing grade 2 listed
building.|
|Other||We bank with the Charities Aid
Foundation (CAF) and implement a
system of double signatures on all Bank
payments.|
Page **8** of **12**
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|CIO Association|
|How is the charity
constituted?
(e.g. unincorporated
association, CIO)|Para 1.25|CIO|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Election by Secret Ballot, Candidates to
be selected from Church Members|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|Potential Trustees are given orientation
regarding the role and responsibility by
an existing Trustee. They are also
supplied with the Governing Document,
the Latest Accounts and explanatory
information from the Charity
Commission.|
|---|---|---|
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|The charity is led by the board of
Trustees who work under the rules of
the CIO Governing document. Of these
the Minister and Assistant Minister are
ex-officio Trustees. The Church
members elect the Secretary and
Treasurer annually. The other Trustees
are elected on a rotating basis by the
Church members each for a three-year
term. The Church members have other
input into the Trustees by means of the
Church meeting at which all Church
members can attend and vote. The
Trustees keep the members of the
Church informed about their activities,
and from time to time refer certain
issues (especially the recognition of
new members of the Church) to the
Church meeting for votes or to listen to
how Church members feel about
certain issues. The Church meeting is
also responsible for approving all large
expenditures according to the
publicised trustee authorization bands.|
Page **9** of **12**
|||Page**9**of**12**|
|---|---|---|
||||
|Relationship with any related
parties|Para 1.51|The Charity has direct affiliation to the
North Western Baptist Association
(NWBA), Baptist Union of Great Britain
(BUGB), and Evangelical Alliance who
give an advisory input.|
|Other||Volunteers –Much of the day-to-day
work is done by volunteers, including
music, youth, and outreach and
cleaning. The Charity considers
membership of the Church as an
indication of their willingness to
volunteer. We are very grateful to all
the members who have given
generously of their time and money to
serve the Church is all the different
ways outlined.|
## **Reference and Administrative details**
|Charityname|Sussex Street Christian Centre|
|---|---|
|Other name the charity uses||
|Registered charitynumber|1171448|
|Charity’s principal address|15 Sussex Street, Rhyl, Denbighshire, LL18 1SE|
|||
Page **10** of **12**
**Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Rev Trevor Casey|Minister||Sussex Street Christian
Centre|
||Glyn Watson|Assistant Minister||Sussex Street Christian
Centre|
||Richard Landon|Treasurer||Sussex Street Christian
Centre|
||David Landin|Trustee||Sussex Street Christian
Centre|
||Annie Myers|Trustee||Sussex Street Christian
Centre|
||Richard Hardway|Secretary||Sussex Street Christian
Centre|
||Peter Smith|Trustee||Sussex Street Christian
Centre|
||Roger Handley|Trustee||Sussex Street Christian
Centre|
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
– Corporate trustees names of the directors at the date the report was approved **Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
Page **11** of **12**
## **Funds held as custodian trustees on behalf of others**
Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
**Type of Name Address adviser**
## **Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
Page **12** of **12**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
|**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|_P N Smith_|_T Casey_|
|---|---|---|
||||
||Peter Noel Smith|Trevor Casey|
||||
||Secretary|Trustee|
||21stJanuary 2024||
||21stJanuary 2024||
**Charity registration number 1171448**
# **SUSSEX STREET CHRISTIAN CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 5 APRIL 2023**
## **SUSSEX STREET CHRISTIAN CENTRE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mr P Smith|
|---|---|
||Mr R Handley|
||A F Myers|
||D J Landin|
||Dr R A Landon|
||Rev T J Casey|
||Mr G A A Watson|
||R Hardway|
|**Charity number**|1171448|
|**Principal address**|Sussex Street Christian Centre|
||15 Sussex Street|
||Rhyl|
||Denbighshire|
||LL18 1SE|
|**Independent examiner**|Christopher Henderson BSc BFP FCA|
||Harold Smith Chartered Accountants|
||Unit 32, Llys Edmund Prys|
||St Asaph Business Park|
||St Asaph|
||Denbighshire|
||LL17 0JA|
## **SUSSEX STREET CHRISTIAN CENTRE**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Statement of cash flows|8|
|Notes to the financial statements|9 - 20|
## **SUSSEX STREET CHRISTIAN CENTRE**
## **TRUSTEES' REPORT** _**FOR THE YEAR ENDED 5 APRIL 2023**_
The trustees present their annual report and financial statements for the year ended 5 April 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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 ).
## **Objectives and activities**
The principal purposes of the Church as stated in the Church Governing Document are: -
- The advancement of the Christian faith according to the principles of the Baptist denomination.
- The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world.
The Trustees want to see the Christian message of God’s love for all people spread in Rhyl and the surrounding area, and internationally through our support of missionary workers overseas.
The Church holds services each Sunday morning where the Bible is taught, people worship God through music, and we pray for personal, local and international needs.
The Trustees meet monthly to discuss practical matters regarding the maintenance of our premises, and the Elders of the Church now meet monthly (after a break during the Coronovirus pandemic), focusing on pastoral issues. The Church leaders are particularly interested in reaching out to children, young people and their families, which they see as essential for the future of the Church. Some members volunteer in taking Open The Book presentations of Bible stories into some of the local primary schools. The Trussell Trust Food bank based in our church gives out food on Tuesdays, Thursdays and Friday to those in need who come with a recognised voucher. FoodBank also provides ‘surplus’ food (collected from local shops), through the Fareshare scheme, for anyone to collect on Tuesday, Thursday and Friday. A debt Advisor and Local Influencer (looking at resolving local issues affecting Foodbank clients) are also employed at the church.
The trustees have had r egard to guidance issued by the Charity Commission on public benefit through their agreement with the Church Governing Document.
The Church is very dependant for its activities on volunteers. This is particularly the case regarding Children and Youth work, Church Office, participation in Sunday Services, Bible Study groups, Pastoral Care Group, Open The Book, and Trussell Trust Foodbank.
- 1 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **Achievements and performance**
The congregation has met on each Sunday morning during the year and a series of biblical themes have been covered in the preaching. The Minister is the main speaker, but the Assistant Minister and several other members of the congregation are also involved in speaking roles. We welcome people from a wide variety of backgrounds and ethnic origins. In addition to the morning services, a number of regular Church based activities occur.
- There are frequent opportunities for the Minister Trevor Casey to offer counsel and advice to Church members, and he and other members of the congregation contact people who find it more difficult to get out.
- Prayer First – on the evening of each first Sunday in the month, members of the Church meet to pray for local, national and international needs.
- Messy Church – on the morning of the second Sunday of the month, the church holds a service specifically aimed at involving the children who come on that morning.
- The church has several house groups where there is Bible study and prayer, and where pastoral help is available.
- On Thursday mornings a group of church members meets to pray for individuals, our church and its’ activities, and sometimes situations further afield
- KidZone – each Sunday morning the children of primary school age are taught Bible stories and their application in their own class.
- Toasters – this is not happening at present – the teenagers leave the service after about 30 minutes for their own session with toast.
- On Friday evenings the church runs Generate Youth, a Christian youth club. This is run by our Assistant Minister, Glyn Watson, and a team of volunteers
- Leavers’ Days at the end of the Summer term where year 6 children are given the opportunity to visit our church and become involved in music, creative prayer, drama and problem solving.
- Trussell Trust Foodbank where food is given to those in need, upon presentation of a voucher given by another agency; this is available three days a week, and runs alongside Fareshare (outlined above).
- Christian Money advice – people from the Rhyl area who are encountering financial difficulties are referred to CMA for help to overcome these difficulties. We have people trained to the required standard who are able to analyse the financial problems and act as a go-between with the financial agencies, banks etc. This has resulted in people finding a way out of their financial difficulties. CMA is registered with the Financial Conduct Authority
- Other agencies, such as Rhyl Town Council, continue to use the premises from time to time for their own activities.
Apart from activities in the Church building, we also run activities for Young People outside the Church.
- Open The Book assemblies where Bible stories are presented in a dramatised way to 4 local schools up to 5 times a year. Sadly, this has not happened this year due to the Coronavirus pandemic, though 2 video recordings of the Open the Book team have been sent out to local schools who would like to use them.
- During the summer holidays many members of the Church volunteer to help with camps for children and families in Wales. This has meant helping with erection and dismantling of the camps, as well as cooking and serving meals and other activities.
- 2 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
Internationally we give regular financial support to overseas Christian workers who were formerly Church members based in Rhyl. One of these is a faciomaxillary surgeon on the Mercy Ships, doing free-of-charge restorative facial work for Africans in various African countries.
Another two members now work in a prison ministry helping prisoners find God and preparing them for return to the outside world. They have been involved in prisons in Romania, Nepal, the United States and Brazil, setting up and training new teams to continue the work.
We also have on-going interest and prayer for other previous members of the Church who are now serving God as Christian workers overseas.
Each Christmas the Church seeks to raise funds for a Christmas project. These projects alternate between overseas and UK based projects. At Christmas 2022 we raised £1,080 to support the work of Hope Restored in Llandudno. Hope restored help the homeless and needy.
The Church works together with other Churches in the area as opportunities arise for combined outreach efforts.
## **Financial review**
The Trustees reviewed the Finances and found that the Charity’s income had increased significantly over the previous year.
Total receipts of unrestricted funds for the General Fund during the year amounted to £127,477. This included a gift of £44,000.
A further total of £612,765 of restricted funds were also received and are detailed in the financial statements. This comprised largely of grants for the building refurbishment work and for Foodbank.
This included £450,515 for the church building refurbishment and a further £89,315 for the work of Foodbank.
Many members now choose to give by ‘standing order’ and Gift Aid their donations, and this resulted in a Gift Aid claim of £15,446 (which is included in the General Fund total above).
A large proportion of the General Fund was spent on the salaries of the Minister and the Assistant Minister (£54,186 total). The gift of £44,000 was put into the savings/reserve fund.
The Trustees have a reserves policy of working towards retaining £30,000 specifically for contingencies and emergencies. We aim to put £5,000 aside each year to achieve this.
A gift of £44,000 in January 2023 has enabled the church to reach this level of reserves.
The principle source of income is donations from existing members.
Most of these funds are used to pay salaries and maintain the Church building, as well as organising other activities.
The principle risks facing the charity are declining number of wage earners among Church Members, and an aging grade 2 listed building.
## **Structure, governance and management**
The charity is a Charitable Incorporated Organisation. The charity has adopted the Charity Commission Association model constitution for a CIO.
- 3 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
The trustees who served during the year and up to the date of signature of the financial statements were: Mr P Smith
Mr R Handley A F Myers D J Landin Dr R A Landon Rev T J Casey Mr G A A Watson R Hardway
Selection is made by Secret Ballot. Candidates are selected from Church Members.
The charity is led by the board of Trustees who work under the rules of the CIO Governing document. Of these the Minister and Assistant Minister are ex-officio Trustees. The Church members elect the Secretary and Treasurer annually. The other Trustees are elected on a rotating basis by the Church members. The Church members have other input into the Trustees by means of the Church meeting at which all Church members can attend and vote. The Trustees keep the members of the Church informed about their activities, and from time to time refer certain issues (especially the recognition of new members of the Church) to the Church meeting for votes or to listen to how Church members feel about certain issues. The Church meeting is also responsible for approving all large expenditures according to the publicised trustee authorization bands.
Potential Trustees are given orientation regarding the role and responsibility by an existing Trustee. They are also supplied with the Governing Document, the Latest Accounts and explanatory information from the Charity Commission.
The Charity has direct affiliation to the North Western Baptist Association (NWBA), Baptist Union of Great Britain (BUGB), and Evangelical Alliance who give an advisory input.
Much of the day-to-day work is done by volunteers, including music, youth, and outreach and cleaning. The Charity considers membership of the Church as an indication of their willingness to volunteer. We are very grateful to all the members who have given generously of their time and money to serve the Church is all the different ways outlined.
The trustees' r eport was approved by the Board of Trustees.
Mr P Smith **Trustee**
13 December 2023
- 4 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF SUSSEX STREET CHRISTIAN CENTRE**
I report to the trustees on my examination of the financial statements of Sussex Street Christian Centre (the charity) for the year ended 5 April 2023.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’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 , which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 financial statements to be reached.
## **Christopher Henderson BSc BFP FCA**
Harold Smith Chartered Accountants Unit 32, Llys Edmund Prys St Asaph Business Park St Asaph Denbighshire LL17 0JA
Dated: 13 December 2023
- 5 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 5 APRIL 2023**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
127,477
612,765
Investments
**4**
583
-
Other income
**5**
1,140
-
**Total income**
129,200
612,765
**Expenditure on:**
Charitable activities
**6**
91,943
560,253
**Net incoming resources**
**before transfers**
37,257
52,512
Gross transfers
between funds
(3,983)
3,983
**Net income for the year/**
**Net movement in funds**
33,274
56,495
Fund balances at 6 April 2022
10,635
188,441
**Fund balances at 5 April**
**2023**
43,909
244,936|**Total Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2022**
**2022**
**£**
**£**
**£**
740,242
73,246
193,057
583
20
-
1,140
2,063
-
741,965
75,329
193,057
652,196
82,408
64,295
89,769
(7,079)
128,762
-
(472)
472
89,769
(7,551)
129,234
199,076
18,186
59,207
288,845
10,635
188,441|**Total**
**2022**
**£**
266,303
20
2,063
268,386
146,703
121,683
-
121,683
77,393
199,076|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 6 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **BALANCE SHEET**
## _**AS AT 5 APRIL 2023**_
|**Notes**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**10**
Net current assets
**Income funds**
Restricted funds
**11**
Unrestricted funds|**2023**
**£**
298,486
(9,641)|**£**
288,845
244,936
43,909
288,845|**2022**
**£**
209,529
(10,453)|**£**
199,076
188,441
10,635
199,076|
|---|---|---|---|---|
The financial statements were approved by the Trustees on 13 December 2023
Mr P Smith **Trustee**
- 7 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 5 APRIL 2023**_
|**Notes**
**Cash flows from operating activities**
Cash generated from operations
**15**
**Investing activities**
Investment income received
**Net cash generated from investing**
**activities**
**Net cash used in financing activities**
**Net increase in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2023**
**£**
583|**£**
88,374
583
-
88,957
209,529
298,486|**2022**
**£**
20|**£**
123,316
20
-
123,336
86,193
209,529|
|---|---|---|---|---|
- 8 -
**SUSSEX STREET CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **1 Accounting policies**
## **Charity information**
Sussex Street Christian Centre is a Charitable Incorporated Organisation. The registered office is 15 Sussex Street Christian Centre, Rhyl, Denbighshire, LL18 1SE.
## **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” (“FRS 102”) 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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts 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.
These financial statements for the year ended 5 April 2023 are the first financial statements of Sussex Street Christian Centre prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 6 April 2021 . An explanation of how transition to FRS 102 has affected the reported financial position and financial performance is given in note 17.
## **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 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.
## **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.
- 9 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 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.
## _**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.
## _**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 p aymen ts 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.
## **1.7 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.
## **1.8 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
- 10 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **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 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
Donations and gifts
127,477
612,765
**4**
**Investments**
Interest receivable
**5**
**Other income**|**Total**Unrestricted
Restricted
Total
funds
funds
**2023**
2022
2022
2022
**£**
£
£
£
740,242
73,246
193,057
266,303
**Unrestricted**Unrestricted
**funds**
funds
**2023**
2022
**£**
£
583
20|
|---|---|
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2023**|2022|
||**£**|£|
|Parking|1,140|2,063|
- 11 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **6 Charitable activities**
||**Charitable**|
**Charitable**|
|---|---|---|
||**Expenditure**|
**Expenditure**|
||**2023**|
**2022**|
||**£**|
**£**|
|Staff costs|136,058|
85,337|
|Building expenses|27,074|
18,632|
|Ministry|2,496|
3,345|
|Mission and outreach|3,068|
2,775|
|Waddingtons|250|
1,960|
|Roof|450,515|
7,828|
|Food bank|19,948|
20,186|
|Building project|6,706|
133|
|Christmas project|1,080|
3,205|
|Tear fund|-|
18|
||647,195|
143,419|
|Share of support costs (see note 7)|3,801|
3,284|
|Share of governance costs (see note 7)|1,200|
-|
||652,196|
146,703|
|**Analysis by fund**|||
|Unrestricted funds|91,943|
82,408|
|Restricted funds|560,253|
64,295|
||652,196|
146,703|
- 12 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **7 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Miscellaneous expenses
108
-
Photocopying
1,980
-
Postage and stationary
60
-
Subscriptions
819
-
Telephone
754
-
Computer running costs
80
-
Accountancy and
independent
examination
-
1,200
3,801
1,200
Analysed between
Charitable activities
3,801
1,200|**2023**
**£**
108
1,980
60
819
754
80
1,200
5,001
5,001|Support
costs
Governance
costs
£
£
156
-
1,401
-
-
-
1,000
-
727
-
-
-
-
-
3,284
-
3,284
-|2022
£
156
1,401
-
1,000
727
-
-
3,284
3,284|
|---|---|---|---|
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **9 Employees**
The average monthly number of employees during the year was:
|**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2023**
**Number**
6
**2023**
**£**
124,495
5,744
5,819
136,058|**2022**
**Number**
3
**2022**
**£**
76,568
6,716
2,053
85,337|
|---|---|---|
There were no employees whose annual remuneration was more than £60,000.
- 13 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **10 Creditors: amounts falling due within one year**
|Other taxation and social security
Other creditors
Accruals and deferred income|**2023**
**£**
2,954
5,487
1,200
9,641|**2022**
**£**
1,399
9,054
-
10,453|
|---|---|---|
- 14 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **11 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|**Balance at**
**6 April 2021**
**£**
Waddingtons
-
Roof
36,648
NWBA home mission
-
Food bank
22,559
Christmas project
-
Building fund
-
Assistant minister
-
Tear fund
-
59,207|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
1,940
(1,960)
122,195
(7,828)
5,769
(6,054)
54,264
(39,437)
3,265
(3,205)
-
(133)
5,606
(5,660)
18
(18)
193,057
(64,295)|**Transfers**
**Balance at**
**6 April 2022**
**£**
**£**
-
(20)
-
151,015
285
-
-
37,386
-
60
133
-
54
-
-
-
472
188,441|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
340
(250)
413,345
(450,515)
5,462
(5,489)
182,293
(89,556)
1,085
(1,080)
2,750
(6,706)
7,490
(6,657)
-
-
612,765
(560,253)|**Transfers**
**Balance at**
**5 April 2023**
**£**
**£**
-
70
-
113,845
27
-
-
130,123
-
65
3,956
-
-
833
-
-
3,983
244,936|
|---|---|---|---|---|
- 15 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **11 Restricted funds**
## **(Continued)**
## **Waddingtons**
Missionaries we support.
## **Roof**
Replacement of whole of roof.
## **NWBA funding**
Received to part support assistant minister for outreach down the valley.
## **Food bank**
Funding for workers and supplies based at the church.
## **Christmas project**
Collection taken every year for projects outside of the church.
## **Building fund**
Restricted fund for various repairs and renovations.
## **Assistant minister**
Money received from members to make up salary to a full time post.
## **Tear fund**
Occasional response to appeals.
- 16 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
|**12**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2023**
**2023**
**£**
**£**
Fund balances at 5
April 2023 are
represented by:
Current assets/
(liabilities)
43,909
244,936
43,909
244,936|**Total**Unrestricted
funds
Restricted
funds
**2023**
2022
2022
**£**
£
£
288,845
10,635
188,441
288,845
10,635
188,441|Total
2022
£
199,076
199,076|
|---|---|---|
## **13 Operating lease commitments**
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
|Within one year
Between two and five years|**2023**
**£**
986
1,232
2,218|**2022**
**£**
986
2,218
3,204|
|---|---|---|
## **14 Related party transactions**
There were no disclosable related party transactions during the year (2022 - none) .
## **15 Cash generated from operations**
|**Cash generated from operations**
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Movements in working capital:
(Decrease)/increase in creditors
**Cash generated from operations**|**2023**
**£**
89,769
(583)
(812)
88,374|**2022**
**£**
121,683
(20)
1,653
123,316|
|---|---|---|
## **16 Analysis of changes in net funds**
The charity had no debt during the year.
- 17 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **RECONCILIATION ON ADOPTION OF FRS 102** _**AS AT 5 APRIL 2023**_
## **17 Reconciliations on adoption of FRS 102**
## **Reconciliation of fund balances**
|**At 6 April 2021**
**Previously**
**reported**
**Effect of**
**adjustments**
**Notes**
**£**
**£**
**Current assets**
Bank and cash
86,193
-
**Creditors due within one year**
Taxation
**ii**
-
1,412
Other creditors
**ii**
-
7,388
-
8,800
Net current assets
86,193
(8,800)
Total assets less current
liabilities
86,193
(8,800)
Net assets
86,193
(8,800)
**Income funds**
Restricted funds
-
(5,070)
Unrestricted funds
86,193
(3,730)
Total funds
86,193
(8,800)|**At 5 April 2022**
**FRS 102**
**Previously**
**reported**
**Effect of**
**adjustments**
**£**
**£**
**£**
86,193
209,529
-
1,412
-
1,399
7,388
-
9,054
8,800
-
10,453
77,393
209,529
(10,453)
77,393
209,529
(10,453)
77,393
209,529
(10,453)
(5,070)
130,377
58,064
82,463
79,152
(68,517)
77,393
209,529
(10,453)|**FRS 102**
**£**
209,529
1,399
9,054
10,453
199,076
199,076
199,076
188,441
10,635
199,076|
|---|---|---|
- 18 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **RECONCILIATION ON ADOPTION OF FRS 102 (CONTINUED)** _**AS AT 5 APRIL 2023**_
|**17**|**Reconciliations on adoption of FRS 102**||||**(Continued)**|
|---|---|---|---|---|---|
||**Reconciliation of net movements in funds**|||||
||||**Period ended 5 April**||**2022**|
||||**Previously**|**Effect of**|**FRS 102**|
||||**reported**|**adjustments**||
|||**Notes**|**£**|**£**|**£**|
||**Income from:**|||||
||Donations and legacies|**i**|265,303|1,000|266,303|
||Investments|**i**|-|20|20|
||Other income||2,063|-|2,063|
||Operating profit||267,366|1,020|268,386|
||**Expenditure on:**|||||
||Charitable activities|**i, ii**|(145,449)|
(1,254)|
(146,703)|
||||(145,449)|
(1,254)|
(146,703)|
||Net movement in funds||121,917|(234)|
121,683|
||**Reconciliation of fund balances**|||||
|||||**At 6 Apr 2021**|**At 5 Apr 2022**|
||||**Notes**|**£**|**£**|
||Fund balances as reported previously|||86,193|209,529|
||Change from cash basis to accruals||**ii**|(8,800)|
(10,453)|
||Fund balances reported under FRS 102|||77,393|199,076|
||**Reconciliation of net movement in funds**|||||
||||||**2022**|
||||**Notes**||**£**|
||Net movement in funds as reported previously||||121,917|
||Prior year adjustments||**i**||1,418|
||Change from cash basis to accruals||**ii**||(1,652)|
||Net movement in funds reported under FRS 102||||121,683|
- 19 -
**RECONCILIATION ON ADOPTION OF FRS 102 (CONTINUED)** _**AS AT 5 APRIL 2023**_
## **SUSSEX STREET CHRISTIAN CENTRE**
## **17 Reconciliations on adoption of FRS 102**
## **(Continued)**
## **Notes to reconciliations on adoption of FRS 102**
## **(i) Prior year adjustments**
The prior year adjustments have arisen from the total net incoming resources previously reported not balancing to the opening and closing balances. The opening balance sheet as at 6 April 2021 was £86,194 and the closing balance sheet was £209,529. Therefore, the net movement should have been reported as £123,335. The total net incoming resources reported was £121,917 which is different by £1,418.
## **(ii) Change from cash basis to accruals basis**
Prior to applying Charities SORP (FRS102), the charity prepared accounts on a cash basis. Due to the gross income of the charity being over £250,000, the accounts have to be prepared on an accruals basis and comply with 2008 Regulations and Charities SORP (FRS102). Consequently, a liabilities of £8,800 have been recognised as at 6 April 2021 to reflect this. The liability as at 5 April 2022 is £10,452 and the effect on the total net incoming resources for the year ended 5 April 2022 was an additional £1,652 of expenses.
- 20 -
**Charity registration number 1171448**
# **SUSSEX STREET CHRISTIAN CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 5 APRIL 2023**
## **SUSSEX STREET CHRISTIAN CENTRE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mr P Smith|
|---|---|
||Mr R Handley|
||A F Myers|
||D J Landin|
||Dr R A Landon|
||Rev T J Casey|
||Mr G A A Watson|
||R Hardway|
|**Charity number**|1171448|
|**Principal address**|Sussex Street Christian Centre|
||15 Sussex Street|
||Rhyl|
||Denbighshire|
||LL18 1SE|
|**Independent examiner**|Christopher Henderson BSc BFP FCA|
||Harold Smith Chartered Accountants|
||Unit 32, Llys Edmund Prys|
||St Asaph Business Park|
||St Asaph|
||Denbighshire|
||LL17 0JA|
## **SUSSEX STREET CHRISTIAN CENTRE**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Statement of cash flows|8|
|Notes to the financial statements|9 - 20|
## **SUSSEX STREET CHRISTIAN CENTRE**
## **TRUSTEES' REPORT** _**FOR THE YEAR ENDED 5 APRIL 2023**_
The trustees present their annual report and financial statements for the year ended 5 April 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "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 ).
## **Objectives and activities**
The principal purposes of the Church as stated in the Church Governing Document are: -
- The advancement of the Christian faith according to the principles of the Baptist denomination.
- The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world.
The Trustees want to see the Christian message of God’s love for all people spread in Rhyl and the surrounding area, and internationally through our support of missionary workers overseas.
The Church holds services each Sunday morning where the Bible is taught, people worship God through music, and we pray for personal, local and international needs.
The Trustees meet monthly to discuss practical matters regarding the maintenance of our premises, and the Elders of the Church now meet monthly (after a break during the Coronovirus pandemic), focusing on pastoral issues. The Church leaders are particularly interested in reaching out to children, young people and their families, which they see as essential for the future of the Church. Some members volunteer in taking Open The Book presentations of Bible stories into some of the local primary schools. The Trussell Trust Food bank based in our church gives out food on Tuesdays, Thursdays and Friday to those in need who come with a recognised voucher. FoodBank also provides ‘surplus’ food (collected from local shops), through the Fareshare scheme, for anyone to collect on Tuesday, Thursday and Friday. A debt Advisor and Local Influencer (looking at resolving local issues affecting Foodbank clients) are also employed at the church.
The trustees have had r egard to guidance issued by the Charity Commission on public benefit through their agreement with the Church Governing Document.
The Church is very dependant for its activities on volunteers. This is particularly the case regarding Children and Youth work, Church Office, participation in Sunday Services, Bible Study groups, Pastoral Care Group, Open The Book, and Trussell Trust Foodbank.
- 1 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **Achievements and performance**
The congregation has met on each Sunday morning during the year and a series of biblical themes have been covered in the preaching. The Minister is the main speaker, but the Assistant Minister and several other members of the congregation are also involved in speaking roles. We welcome people from a wide variety of backgrounds and ethnic origins. In addition to the morning services, a number of regular Church based activities occur.
- There are frequent opportunities for the Minister Trevor Casey to offer counsel and advice to Church members, and he and other members of the congregation contact people who find it more difficult to get out.
- Prayer First – on the evening of each first Sunday in the month, members of the Church meet to pray for local, national and international needs.
- Messy Church – on the morning of the second Sunday of the month, the church holds a service specifically aimed at involving the children who come on that morning.
- The church has several house groups where there is Bible study and prayer, and where pastoral help is available.
- On Thursday mornings a group of church members meets to pray for individuals, our church and its’ activities, and sometimes situations further afield
- KidZone – each Sunday morning the children of primary school age are taught Bible stories and their application in their own class.
- Toasters – this is not happening at present – the teenagers leave the service after about 30 minutes for their own session with toast.
- On Friday evenings the church runs Generate Youth, a Christian youth club. This is run by our Assistant Minister, Glyn Watson, and a team of volunteers
- Leavers’ Days at the end of the Summer term where year 6 children are given the opportunity to visit our church and become involved in music, creative prayer, drama and problem solving.
- Trussell Trust Foodbank where food is given to those in need, upon presentation of a voucher given by another agency; this is available three days a week, and runs alongside Fareshare (outlined above).
- Christian Money advice – people from the Rhyl area who are encountering financial difficulties are referred to CMA for help to overcome these difficulties. We have people trained to the required standard who are able to analyse the financial problems and act as a go-between with the financial agencies, banks etc. This has resulted in people finding a way out of their financial difficulties. CMA is registered with the Financial Conduct Authority
- Other agencies, such as Rhyl Town Council, continue to use the premises from time to time for their own activities.
Apart from activities in the Church building, we also run activities for Young People outside the Church.
- Open The Book assemblies where Bible stories are presented in a dramatised way to 4 local schools up to 5 times a year. Sadly, this has not happened this year due to the Coronavirus pandemic, though 2 video recordings of the Open the Book team have been sent out to local schools who would like to use them.
- During the summer holidays many members of the Church volunteer to help with camps for children and families in Wales. This has meant helping with erection and dismantling of the camps, as well as cooking and serving meals and other activities.
- 2 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
Internationally we give regular financial support to overseas Christian workers who were formerly Church members based in Rhyl. One of these is a faciomaxillary surgeon on the Mercy Ships, doing free-of-charge restorative facial work for Africans in various African countries.
Another two members now work in a prison ministry helping prisoners find God and preparing them for return to the outside world. They have been involved in prisons in Romania, Nepal, the United States and Brazil, setting up and training new teams to continue the work.
We also have on-going interest and prayer for other previous members of the Church who are now serving God as Christian workers overseas.
Each Christmas the Church seeks to raise funds for a Christmas project. These projects alternate between overseas and UK based projects. At Christmas 2022 we raised £1,080 to support the work of Hope Restored in Llandudno. Hope restored help the homeless and needy.
The Church works together with other Churches in the area as opportunities arise for combined outreach efforts.
## **Financial review**
The Trustees reviewed the Finances and found that the Charity’s income had increased significantly over the previous year.
Total receipts of unrestricted funds for the General Fund during the year amounted to £127,477. This included a gift of £44,000.
A further total of £612,765 of restricted funds were also received and are detailed in the financial statements. This comprised largely of grants for the building refurbishment work and for Foodbank.
This included £450,515 for the church building refurbishment and a further £89,315 for the work of Foodbank.
Many members now choose to give by ‘standing order’ and Gift Aid their donations, and this resulted in a Gift Aid claim of £15,446 (which is included in the General Fund total above).
A large proportion of the General Fund was spent on the salaries of the Minister and the Assistant Minister (£54,186 total). The gift of £44,000 was put into the savings/reserve fund.
The Trustees have a reserves policy of working towards retaining £30,000 specifically for contingencies and emergencies. We aim to put £5,000 aside each year to achieve this.
A gift of £44,000 in January 2023 has enabled the church to reach this level of reserves.
The principle source of income is donations from existing members.
Most of these funds are used to pay salaries and maintain the Church building, as well as organising other activities.
The principle risks facing the charity are declining number of wage earners among Church Members, and an aging grade 2 listed building.
## **Structure, governance and management**
The charity is a Charitable Incorporated Organisation. The charity has adopted the Charity Commission Association model constitution for a CIO.
- 3 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
The trustees who served during the year and up to the date of signature of the financial statements were: Mr P Smith
Mr R Handley A F Myers D J Landin Dr R A Landon Rev T J Casey Mr G A A Watson R Hardway
Selection is made by Secret Ballot. Candidates are selected from Church Members.
The charity is led by the board of Trustees who work under the rules of the CIO Governing document. Of these the Minister and Assistant Minister are ex-officio Trustees. The Church members elect the Secretary and Treasurer annually. The other Trustees are elected on a rotating basis by the Church members. The Church members have other input into the Trustees by means of the Church meeting at which all Church members can attend and vote. The Trustees keep the members of the Church informed about their activities, and from time to time refer certain issues (especially the recognition of new members of the Church) to the Church meeting for votes or to listen to how Church members feel about certain issues. The Church meeting is also responsible for approving all large expenditures according to the publicised trustee authorization bands.
Potential Trustees are given orientation regarding the role and responsibility by an existing Trustee. They are also supplied with the Governing Document, the Latest Accounts and explanatory information from the Charity Commission.
The Charity has direct affiliation to the North Western Baptist Association (NWBA), Baptist Union of Great Britain (BUGB), and Evangelical Alliance who give an advisory input.
Much of the day-to-day work is done by volunteers, including music, youth, and outreach and cleaning. The Charity considers membership of the Church as an indication of their willingness to volunteer. We are very grateful to all the members who have given generously of their time and money to serve the Church is all the different ways outlined.
The trustees' r eport was approved by the Board of Trustees.
Mr P Smith **Trustee**
13 December 2023
- 4 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF SUSSEX STREET CHRISTIAN CENTRE**
I report to the trustees on my examination of the financial statements of Sussex Street Christian Centre (the charity) for the year ended 5 April 2023.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’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 , which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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 financial statements to be reached.
## **Christopher Henderson BSc BFP FCA**
Harold Smith Chartered Accountants Unit 32, Llys Edmund Prys St Asaph Business Park St Asaph Denbighshire LL17 0JA
Dated: 13 December 2023
- 5 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 5 APRIL 2023**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
127,477
612,765
Investments
**4**
583
-
Other income
**5**
1,140
-
**Total income**
129,200
612,765
**Expenditure on:**
Charitable activities
**6**
91,943
560,253
**Net incoming resources**
**before transfers**
37,257
52,512
Gross transfers
between funds
(3,983)
3,983
**Net income for the year/**
**Net movement in funds**
33,274
56,495
Fund balances at 6 April 2022
10,635
188,441
**Fund balances at 5 April**
**2023**
43,909
244,936|**Total Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2022**
**2022**
**£**
**£**
**£**
740,242
73,246
193,057
583
20
-
1,140
2,063
-
741,965
75,329
193,057
652,196
82,408
64,295
89,769
(7,079)
128,762
-
(472)
472
89,769
(7,551)
129,234
199,076
18,186
59,207
288,845
10,635
188,441|**Total**
**2022**
**£**
266,303
20
2,063
268,386
146,703
121,683
-
121,683
77,393
199,076|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 6 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **BALANCE SHEET**
## _**AS AT 5 APRIL 2023**_
|**Notes**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**10**
Net current assets
**Income funds**
Restricted funds
**11**
Unrestricted funds|**2023**
**£**
298,486
(9,641)|**£**
288,845
244,936
43,909
288,845|**2022**
**£**
209,529
(10,453)|**£**
199,076
188,441
10,635
199,076|
|---|---|---|---|---|
The financial statements were approved by the Trustees on 13 December 2023
Mr P Smith **Trustee**
- 7 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 5 APRIL 2023**_
|**Notes**
**Cash flows from operating activities**
Cash generated from operations
**15**
**Investing activities**
Investment income received
**Net cash generated from investing**
**activities**
**Net cash used in financing activities**
**Net increase in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2023**
**£**
583|**£**
88,374
583
-
88,957
209,529
298,486|**2022**
**£**
20|**£**
123,316
20
-
123,336
86,193
209,529|
|---|---|---|---|---|
- 8 -
**SUSSEX STREET CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **1 Accounting policies**
## **Charity information**
Sussex Street Christian Centre is a Charitable Incorporated Organisation. The registered office is 15 Sussex Street Christian Centre, Rhyl, Denbighshire, LL18 1SE.
## **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” (“FRS 102”) 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)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts 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.
These financial statements for the year ended 5 April 2023 are the first financial statements of Sussex Street Christian Centre prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 6 April 2021 . An explanation of how transition to FRS 102 has affected the reported financial position and financial performance is given in note 17.
## **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 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.
## **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.
- 9 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 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.
## _**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.
## _**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 p aymen ts 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.
## **1.7 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.
## **1.8 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
- 10 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **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 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
Donations and gifts
127,477
612,765
**4**
**Investments**
Interest receivable
**5**
**Other income**|**Total**Unrestricted
Restricted
Total
funds
funds
**2023**
2022
2022
2022
**£**
£
£
£
740,242
73,246
193,057
266,303
**Unrestricted**Unrestricted
**funds**
funds
**2023**
2022
**£**
£
583
20|
|---|---|
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2023**|2022|
||**£**|£|
|Parking|1,140|2,063|
- 11 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **6 Charitable activities**
||**Charitable**|
**Charitable**|
|---|---|---|
||**Expenditure**|
**Expenditure**|
||**2023**|
**2022**|
||**£**|
**£**|
|Staff costs|136,058|
85,337|
|Building expenses|27,074|
18,632|
|Ministry|2,496|
3,345|
|Mission and outreach|3,068|
2,775|
|Waddingtons|250|
1,960|
|Roof|450,515|
7,828|
|Food bank|19,948|
20,186|
|Building project|6,706|
133|
|Christmas project|1,080|
3,205|
|Tear fund|-|
18|
||647,195|
143,419|
|Share of support costs (see note 7)|3,801|
3,284|
|Share of governance costs (see note 7)|1,200|
-|
||652,196|
146,703|
|**Analysis by fund**|||
|Unrestricted funds|91,943|
82,408|
|Restricted funds|560,253|
64,295|
||652,196|
146,703|
- 12 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **7 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Miscellaneous expenses
108
-
Photocopying
1,980
-
Postage and stationary
60
-
Subscriptions
819
-
Telephone
754
-
Computer running costs
80
-
Accountancy and
independent
examination
-
1,200
3,801
1,200
Analysed between
Charitable activities
3,801
1,200|**2023**
**£**
108
1,980
60
819
754
80
1,200
5,001
5,001|Support
costs
Governance
costs
£
£
156
-
1,401
-
-
-
1,000
-
727
-
-
-
-
-
3,284
-
3,284
-|2022
£
156
1,401
-
1,000
727
-
-
3,284
3,284|
|---|---|---|---|
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **9 Employees**
The average monthly number of employees during the year was:
|**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2023**
**Number**
6
**2023**
**£**
124,495
5,744
5,819
136,058|**2022**
**Number**
3
**2022**
**£**
76,568
6,716
2,053
85,337|
|---|---|---|
There were no employees whose annual remuneration was more than £60,000.
- 13 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **10 Creditors: amounts falling due within one year**
|Other taxation and social security
Other creditors
Accruals and deferred income|**2023**
**£**
2,954
5,487
1,200
9,641|**2022**
**£**
1,399
9,054
-
10,453|
|---|---|---|
- 14 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **11 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|**Balance at**
**6 April 2021**
**£**
Waddingtons
-
Roof
36,648
NWBA home mission
-
Food bank
22,559
Christmas project
-
Building fund
-
Assistant minister
-
Tear fund
-
59,207|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
1,940
(1,960)
122,195
(7,828)
5,769
(6,054)
54,264
(39,437)
3,265
(3,205)
-
(133)
5,606
(5,660)
18
(18)
193,057
(64,295)|**Transfers**
**Balance at**
**6 April 2022**
**£**
**£**
-
(20)
-
151,015
285
-
-
37,386
-
60
133
-
54
-
-
-
472
188,441|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
340
(250)
413,345
(450,515)
5,462
(5,489)
182,293
(89,556)
1,085
(1,080)
2,750
(6,706)
7,490
(6,657)
-
-
612,765
(560,253)|**Transfers**
**Balance at**
**5 April 2023**
**£**
**£**
-
70
-
113,845
27
-
-
130,123
-
65
3,956
-
-
833
-
-
3,983
244,936|
|---|---|---|---|---|
- 15 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **11 Restricted funds**
## **(Continued)**
## **Waddingtons**
Missionaries we support.
## **Roof**
Replacement of whole of roof.
## **NWBA funding**
Received to part support assistant minister for outreach down the valley.
## **Food bank**
Funding for workers and supplies based at the church.
## **Christmas project**
Collection taken every year for projects outside of the church.
## **Building fund**
Restricted fund for various repairs and renovations.
## **Assistant minister**
Money received from members to make up salary to a full time post.
## **Tear fund**
Occasional response to appeals.
- 16 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
|**12**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2023**
**2023**
**£**
**£**
Fund balances at 5
April 2023 are
represented by:
Current assets/
(liabilities)
43,909
244,936
43,909
244,936|**Total**Unrestricted
funds
Restricted
funds
**2023**
2022
2022
**£**
£
£
288,845
10,635
188,441
288,845
10,635
188,441|Total
2022
£
199,076
199,076|
|---|---|---|
## **13 Operating lease commitments**
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
|Within one year
Between two and five years|**2023**
**£**
986
1,232
2,218|**2022**
**£**
986
2,218
3,204|
|---|---|---|
## **14 Related party transactions**
There were no disclosable related party transactions during the year (2022 - none) .
## **15 Cash generated from operations**
|**Cash generated from operations**
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Movements in working capital:
(Decrease)/increase in creditors
**Cash generated from operations**|**2023**
**£**
89,769
(583)
(812)
88,374|**2022**
**£**
121,683
(20)
1,653
123,316|
|---|---|---|
## **16 Analysis of changes in net funds**
The charity had no debt during the year.
- 17 -
## **SUSSEX STREET CHRISTIAN CENTRE**
## **RECONCILIATION ON ADOPTION OF FRS 102** _**AS AT 5 APRIL 2023**_
## **17 Reconciliations on adoption of FRS 102**
## **Reconciliation of fund balances**
|**At 6 April 2021**
**Previously**
**reported**
**Effect of**
**adjustments**
**Notes**
**£**
**£**
**Current assets**
Bank and cash
86,193
-
**Creditors due within one year**
Taxation
**ii**
-
1,412
Other creditors
**ii**
-
7,388
-
8,800
Net current assets
86,193
(8,800)
Total assets less current
liabilities
86,193
(8,800)
Net assets
86,193
(8,800)
**Income funds**
Restricted funds
-
(5,070)
Unrestricted funds
86,193
(3,730)
Total funds
86,193
(8,800)|**At 5 April 2022**
**FRS 102**
**Previously**
**reported**
**Effect of**
**adjustments**
**£**
**£**
**£**
86,193
209,529
-
1,412
-
1,399
7,388
-
9,054
8,800
-
10,453
77,393
209,529
(10,453)
77,393
209,529
(10,453)
77,393
209,529
(10,453)
(5,070)
130,377
58,064
82,463
79,152
(68,517)
77,393
209,529
(10,453)|**FRS 102**
**£**
209,529
1,399
9,054
10,453
199,076
199,076
199,076
188,441
10,635
199,076|
|---|---|---|
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## **SUSSEX STREET CHRISTIAN CENTRE**
## **RECONCILIATION ON ADOPTION OF FRS 102 (CONTINUED)** _**AS AT 5 APRIL 2023**_
|**17**|**Reconciliations on adoption of FRS 102**||||**(Continued)**|
|---|---|---|---|---|---|
||**Reconciliation of net movements in funds**|||||
||||**Period ended 5 April**||**2022**|
||||**Previously**|**Effect of**|**FRS 102**|
||||**reported**|**adjustments**||
|||**Notes**|**£**|**£**|**£**|
||**Income from:**|||||
||Donations and legacies|**i**|265,303|1,000|266,303|
||Investments|**i**|-|20|20|
||Other income||2,063|-|2,063|
||Operating profit||267,366|1,020|268,386|
||**Expenditure on:**|||||
||Charitable activities|**i, ii**|(145,449)|
(1,254)|
(146,703)|
||||(145,449)|
(1,254)|
(146,703)|
||Net movement in funds||121,917|(234)|
121,683|
||**Reconciliation of fund balances**|||||
|||||**At 6 Apr 2021**|**At 5 Apr 2022**|
||||**Notes**|**£**|**£**|
||Fund balances as reported previously|||86,193|209,529|
||Change from cash basis to accruals||**ii**|(8,800)|
(10,453)|
||Fund balances reported under FRS 102|||77,393|199,076|
||**Reconciliation of net movement in funds**|||||
||||||**2022**|
||||**Notes**||**£**|
||Net movement in funds as reported previously||||121,917|
||Prior year adjustments||**i**||1,418|
||Change from cash basis to accruals||**ii**||(1,652)|
||Net movement in funds reported under FRS 102||||121,683|
- 19 -
**RECONCILIATION ON ADOPTION OF FRS 102 (CONTINUED)** _**AS AT 5 APRIL 2023**_
## **SUSSEX STREET CHRISTIAN CENTRE**
## **17 Reconciliations on adoption of FRS 102**
## **(Continued)**
## **Notes to reconciliations on adoption of FRS 102**
## **(i) Prior year adjustments**
The prior year adjustments have arisen from the total net incoming resources previously reported not balancing to the opening and closing balances. The opening balance sheet as at 6 April 2021 was £86,194 and the closing balance sheet was £209,529. Therefore, the net movement should have been reported as £123,335. The total net incoming resources reported was £121,917 which is different by £1,418.
## **(ii) Change from cash basis to accruals basis**
Prior to applying Charities SORP (FRS102), the charity prepared accounts on a cash basis. Due to the gross income of the charity being over £250,000, the accounts have to be prepared on an accruals basis and comply with 2008 Regulations and Charities SORP (FRS102). Consequently, a liabilities of £8,800 have been recognised as at 6 April 2021 to reflect this. The liability as at 5 April 2022 is £10,452 and the effect on the total net incoming resources for the year ended 5 April 2022 was an additional £1,652 of expenses.
- 20 -