Christ Church Central Leeds Report and Accounts Year ended 30th September 2024 CHRIST CHURCH CENTRAL LEEDS CHARrrY INFORMATION FOR THE YEAR ENDED 30TH SEPTEMBER 2024 Trustees James Rhodes {Chair) James Brett McAlpin Matthew Shortsnan Peter Wood Governing Document Constrtution dated 06 February 2017 Charity Rogistratlon Numb8r 1171484 Prlncipal Address 4 Ancaster Road Leeds LS16 SHH Independent Examlner Lisa Darby FCA Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers Natwest Santander Contents Charity Infomation Trustees. Annual Report Independent Examiner's Report Statement of Financial Activities Balan￿ Sheet Notes to the Accounts Detailed Statement of Financial Activits'es with Comparabves Page 8-14 15 CHRIST CHURCH CENTRAL LEEDS TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 30TH SEPTEMBER 2024 The trustees have pleasure in submttting the Report arKJ Accounts for the year. Objects of the charlty The charity is a charitable incorporated organisation and is govemed by its Constitution. The objects of the charity. as set out in the goveming document are: a) to advance the Christian farth in accordance Iwth the Statement of Beliets in such ways and in suth parts of the United Kingdom or the vmrld as the charity trustees from time to time may think fit,. b) lo relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or sep4ices of any kind, incfuding through the provision of counselling and support in such parts of the United Kingdom or the y￿r1d as the chanty trustees from time to time may think fit. The trustees note that Ihe Church is not a building. but a gathering of ordinary people of different ages and backgrounds. whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a communty of people, properfy taught and cared for, by loving and serving Jesus Christ, were also commttted to love and care for each other and to bring a blessing to the area in which they lived. Christ Churth Central Leeds" rts trustees. elders and members are committed to the restoration of those New Testsment principles. It is not alon8 in this, it is one of many Churches in the area, county and all over the *￿r1d that is rfrdiscovering the excitement of knowing Jesus Christ. The vision is to see the people of Leeds ￿me into this 8xp8nence of knowing Jesus as their Lord, Saviour and fn'end. Summary of the charitys main activities arbd achievements To further the above objects and vision, the charrtls main actNities and athievements We￿ as follows.. The main actNities V￿re as follows: 1. Events. The v￿eklY pattem continues to be as follows: -Sunday'. All ages Sunday sch¢￿1 followed by fonnal ser¥ic8. In summer 2024 an evening service was trialed. -Mid-we8k.' community groups in homes, with a central prayer meeting on the first Wednesday of the monlh. -Thursday: Focus meeting for students. 2. Employment of an Ass¢xiate Minister has continued throughout the year to assisl the Minister in the overall tasks of the church and to take responsibility fof work with students. This year was the middle year of a Ihree-year contract. 3. We have retained use of the same venue ck>se to the Universty and reorganised the main room in order to cope with an increased number of attendees. 4. Further fund raising to enable the growth of the church. 5. Alleviation of hardship within the church and the Ctty of Leeds. and further afield by means of a collection at Sunday moming servI￿s. CHRIST CHURCH CENTRAL LEEDS TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 30TH SEPTEMBER 2024 Most the tharivs activtiies are undertaken by volunteers and the d￿ftty could not operate effectively without their efforts. In planning the activities the Trustees have applied the guKlance on public benefft issued by the Charity Commission. Structure, Governance and Management Responsibility for setting policy and for making operating decisions rests with the trustees tho meet regularly to monitor the activities of the charity. Responsibility for the day-to-day operation of the harity rests with a senior management team comprising the Elders of the Church along with the Associate Minister who meet monthly. New trustees are recruited and appointed by the existing trustees and are appointed by a resolutson passed at a properly convened meeting of the charity Financial review During the year income decreased by £32.705. to £255.824. and expenditure decreased by £3.804. to £177,603. As a result surplus for the year decreased by £28,901, to £78,221 and the chantys net current assets increased by the same amount. to £361.303. Reserves policy The trustees have detefmined that the charity should aim to hold unrestricted cash of no less than £85.000 (which equates to al)out 6 months, of unrestricted expenditure) so that the charity could continue to operate should income and l or expenditure vary adversely. At the year end. the charity held unrestricted Gash of £337.811 and the tharity is o)mplwng with its reserves policy. The holding of rese￿eS facilitates the pennanent estsblishment of the thurch. In this context. the employment of an Associate Minister has continued. The purchase of a permanent church building continues to be a top prioritv. Key rlsks and uncertalntle8 The Charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to idents'fy significant risks and, where possible. they take appropriate measures to mitigate those risks. Responslbllltles of trustees under charlty law The trustees are responsible for preparing the trustees, annual report and the financial statements in accordance wrth applicable law and Untted Kingdom Accounting Standards (United Kingdom GeneraSly Accepted Accounting Practice). CHRIST CHURCH CENTrAL LEEDS TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 30TH SEPTEMBER 2024 Charity law requires the trustees lo prepare financial statements for eath financial year which give a true and fair view of the state of the affairs of the charity as at the ba[an￿ sheet date and of its incoming resources and application of resources. induding income and expenditure. for the financial year. In preparing these finanaal statements, the trustees are required to.. 1. select suitable accounting policies and appty them ¢onsistenlly,' 2. observe the methods and pnnoples in the Chanties SORP., 3. make judgements and estimates that are reasonable and prudenl" 4. state whether the applicable accounting standards have been folktsved. subject to any material departures disclosed and explained in the financial statements; and 5. prepare the financial statements on a going concem basis unless it is inappropriate to presume that the charity will conlinue in operalion. The trustee8 are responsible for keeping proper aJn& and l or oxp•wJltur• vary unexp8ctsdly. The havg CryKaMJed Ihpt theTo * a 8¥￿￿kn tF¥t ts dwrfty has adequate r8wJrc85 to finarKbal slatemgnl& bl logoo)o receivat49 con bB meosured wllh reaxryblg certainty. recryl is FCY ts most part is ggrwally rB¢ogni5ed en It Is received. IncAYn8 Ls t1elorred vhwi h8S to fuffil tth t￿L￿1￿j 8ntltl8d trj it ￿ vknwe Ihe balance sheel date i8 I￿rI￿1￿J 88 a debtor. nts)me from charitat48 8Ctivilias r8FY8sents I￿￿M8 from wxl8. S￿*5 ￿*￿10S in fUthr0￿ of Ihe ndrtur• Exponditura, incltyjlng irrecovernbfo VAT. Is recc*ed tt L8 or. If earoer. *then a l&Jal or (utstructive cijltgation for a paYrn￿ ari888 provided that it Ihat seldern￿l *ill bg wwred aThJ Ihe amounl CO thg ot4igation b8 m•&￿r8d r•llAhhJ reliably and then ¢Mly to Ihe extent that any 1X￿ditI￿5 a￿ated *ith IhB gr&rt Ixth of ￿ (x¥rtrd ofthe (tst1ty. The Cl￿1 of funts i¥ Trjt slgnlknt a￿1 has rn¢ be￿ SeFwatstydw*)￿J. 8nd 8t8iutory requiremenls 8TrJ any (ts ey¥￿trI￿ (m ts 8tralegc m8n•Jwrenl ofthe tharity. dl Fund wxourbti rt)1gctive$ of ts d￿rity. 08svJthJ f¢Nwts ccrfnprise un(estriC1￿ furwjs I￿t have tw) set asNJe by Ihe Iwstees for particular Rèstricted furth arg are to be weLI in ￿ydanCe *ith ￿}fiC resbickns imF*)seLI by donors.. they include donati(￿$ recav8d from fly spwific *lMb8S LY wDied5. Endo￿T￿t fvrnls are (k)nati1￿ Ihal are retair￿d a$ el T Ibk llxod assets CHRIST CHURCH CEPITRAL LEEDS NOTES TO THE ACCCXJNTS Depreda￿￿ Is ￿ on a straght lin8 bass so as to ￿lle lh8 of 8s8et to ils esknmated rew(hJal valu81rf any) EqulprTWt 3trJ7spws indicai8 that th6 carr￿U Val￿ may bb Independendyajnwnlstored I￿J* Incom6. h) Donatlon• 2024 2023 DonatiOWK8 of rash ond Blml Donations in klnd 112.323 87.930 Olher gr￿ts ￿[Vabl• 91. 180.504 15,497 283 931 2024 2023 Church r•treats Other irKr 20.393 1,$50 3,195 Inv•8lm•ni In¢om• 2023 Bank Inlerost 8,665 1.403 1.403 CHRIST CHURCH CEIITIIAL LEEDS ¥yi NOTES TO THE ACCOUIITS Chorltabl• oxp•ndltur• 2024 Costs of generatir¥J vcluntary tsxc￿e Staff stip8ThY iwrJvdiThJ pgnsion MSnisters ￿usi￿a Incl￿J1￿3 llx 16.516 1,736 25.140 2.017 3,417 43,254 Venue hi Tr8lniNJ and eC¥)fO￿ Publkity, ￿mmUni￿tiOnS 8ThJ rTui¥sby revu¥c Events 18, 1,945 7.727 10.326 Donations in kind 154.245 152.085 Grants p￿tIO (Th)t• ￿) 19,834 174,079 177,688 Cosis Incurrtd on support & •thnlnl*tr* Govern8nc9 costs 1ndawnd￿tt 8X8mln•l8 f•• 2,1eAJ 70 2,231) 2.345 2,345 1.394 Gènèral *lminlglratic Subscript•)ns and wof6s8thd fws 3,739 Tot•1 •xp•ndllur• 181407 in addit1¢￿ Il* c*• p* W112023: £0431 ts St*w*dstrip (ty Ixnw aThJ £70 for12023". £nlll for ¢￿ul￿neY Gronts pwbl• Irthldua18 2024 Grants for UK 8nd ovtyws n* Granls Ic¥ the rellef of wjvety Grants fcy aducalth, incl￿￿ m￿￿Ytrthr#J 18,834 18,834 19,834 Insb￿b¢ffj Irklvthls 2023 Grants for UK 8rMI overseas mi Grants for the rel￿1 rA p(bver Grants for •Jucalion, 20217 20.817 2,766 2.766 22217 The charitys prI￿PaI grp4ts to insbtiJthTh 2024 2023 Internaticwl Presby*n Clxjrth C8rfng l£* Lrfe 88rn8bas Fund Mission FdlrNthp UMF Worfth￿de Grants to i￿tilu￿or￿ for than É1.CIKI 9.475 2,807 2.807 3.154 100 19,834 2.128 22,217 10 CHRIST CHURCH CENTRAL LEEDS NOTES TO THE ACCOUNTS 67.372 763 &232 tal security 2,685 89,7(%8 73,367 vdunte8rs. No gtaff rgcwv8d salath 81 • r* of th).(th 2024 J•m•g (Jtytyl Rhodes 51,840 Th• lolknblrrfJ ￿m￿nts ￿rg p#yth Sn thè Jw. Emrkny 2023 (Jtyl Rl 362f9 2,￿2 39.1e1 tru8tee,' these pwents are tythe c*aWs W￿l￿j Iknxmw 8 D•btor• 24 2023 Falllng du• T*lthln on• ￿. 15,497 Othef ¢Jebtors 3.726 3,871 Totsl debtorn 9,195 19,368 11 NOTES TO THE ACCOIJW Cash at Bank and hb Hand Cath At bank ￿1th imrne(&ate a(Yws Notice dep￿ts1?￿lIN a te￿ d Ihreg ty1g5s) 66,573 199.472 289.817 265.995 10 Cr•dltm: IlablMUM t•lltty du• Txlthln y•¥ 2024 2023 Tr￿19 cTrJitN3 Taxauon and sodal S￿rty Other ueditors Acau818 2.160 187 Loans Finar￿&t88$e li8t41ti08 Grant O￿lgaI￿¥ 2.347 2.280 11 P•n•bon cornmltm•nts 12 Fund• Ow'rg Tr￿fern G8lr* 8fKI sourtts In tr* ￿r bolanc8 2024 2024 270.547 231507 1158.3951 344,659 Totsl Unre8tri(thJ Fund8 270,547 ZJ2,507 {158,3951 Deacor￿ Cdlecllon FuThl 4,S12 5.47S (1￿) 18.623) (7,9851 7.387 Spnng GetawBy FuThJ 17243 9,258 12535 ZI318 I19￿) 16,644 AgJregate of fund 283,082 ￿.824 (177,603) 361,304 12 CHRkSTCHURCH CEl￿RAL LEEDS NOTES TO THE AccouKrs Analy¥l¥ of n•tass4ts by fvnd Unr*lrfdèd Furn 2024 9.195 9,195 Cash at bank and in h8fb Credit￿S(al￿ng due onfr J 337.811 12.34n 16.644 354.455 {2,3471 16,644 361.303 In tho prwou8 th& in ts thatfjtrfs 88 fdkth3.' aoslrvJ b8ianc8 2023 In yaar 171268 219.949 1120,670) 270,547 171268 219. (120,6701 270,547 {8,Th)1 151.957) As8Oeiat• Ministern Furk1 4,512 8.023 I￿.T8￿ 12,535 175.960 1181.4071 283.082 Analysls of n•tawts ty fund funds 2023 19J68 19.368 Cosh at bank and in harKI Credllcf8 falllNJ due *lthth or• 12535 265.994 12,2801 12.2W)I 270,547 12.535 2B3,OB2 13 CHRtsTCHURCH CEIIWRAL LEEDS NOTES TO THE ACCOUNTS The charty h&3 an (￿rating tease fry The (unll the ￿xt tKeak dau8e ￿ vjnoring the 2024 2023 Paym8nts falling due.. Willun year 8etMwn ore and five ypars After five years 12,2C#) 12,2 Duriro the ypar the d￿r(￿*￿S tharpj £14,￿) (2UfJ: £37.152) Is c*￿allr￿j lea8& 14 Tr•n8a¢tlob)8 wlth r•lat•d Durlro the th8 ¢hwty. I ￿1Ved d¢ThliMs £19.4￿1202&. £15.W} Irtyn r*tsd Fat* trust88s. 8nyolh8r bl No eIpBn￿ {2023.. £rk4) F4kl lo. ty lty. tr* trwl the year. 14 41 .¥ ui b> ui ts)