Charity registration number 1178017 CHRIST CHURCH STOCKPORT CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
CHRIST CHURCH STOCKPORT CIO LEGAL AND ADMINISTRATIVE INFORMATION Trustses Mrs C Senior Rev P Jackson Mr5 M Hill Mr N Raven {Appointed 22 February 20231 Charlty number 1176017 Prlnclpal address 1 Mentone Road Stockport SK4 4HF Independent examiner Topping Partnership (Accounlanlsl Limfced Incom House Waterside Trafford Park Manchester M17 1VVD
CHRIST CHURCH STOCKPORT CIO CONTENTS Page Trustees, report Independent examinerfs report statement of financial activities Balance sheet Notes lo the financial ststemenls 7-12
CHRIST CHURCH STOCKPORT CIO TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their annual report and financial statement5 for the year ended 31 December 2023. The financial slalements have been prepared in accordance with the accounting Policies sel out in note 1 to the financial statements and comply with the Charity's governing document, the Charities Act 2011 and 'Accounling and Reporting by Charities. Statement of Recommended Practice applicable to charities pieparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.188 amended for accounting periods commencing from 1 January 20161 Objectives and activities The objects of the Charity are., 111 The advanment of the Christian faith in accordan with the Statement of Faith exdusively by facilitating the charitable activities of the Fellowship., and 121 such other charitable objects as shall, in the opinion of the charity trustees, further the work of the Fellowship. The charity holds religious services and provides fellowship lo fulfill its objectives. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. Vvhen decjding on how to perform ils charitsble work, the charity pays due regard lo guidance issued by the Charity Commission on public benefit. Achievements and perforniance 2023 continued the trend of numerical, structural and relational growth for Christ Church Stockport. The church again experienced a steady increase in the nLJmber of regular attenders and visitors over the year. At the start of the year. the leadership council drafted a set of values that would help define our distinclives as Christ Church stockport. The values adopted are welcome, grace, generosity, positivity, change and transparency. We continue lo invest in the spiritual health of all those involved at CCS, bringing the Bible lo bè8r to all ages and stages of life. We laughl sermon series in 1 Samuel, Ezra, John's gospel, Ecdesiasles and the Servant Songs in Isaiah. We continue lo run age-appropriate children's groups on a Sunday morning, and a Youth group that meets on a Sunday evening. By September our continued growth necessitated laun¢hing a fourth Growth Team. Growth Teams meet across stockport on different nights of the week to encourage spiritual and relational growth. They are the first port of pastoral care for those who belong to CCS. Gra Raven continued lo oversee our Women's ministry. One significant development was deploying women's represenlalives in each of the Growth Teams to ensure the provision of appropriate care for women at Christ Church Stockport. During the summer months the Iruslees were delighted to offer the Senior Minister, Matt Thompson a three month sabbatical. Matt was able lo spend time resting and reflecting on his ministry and visiting other churches in the UK and the US. During his sabbatical many members of Christ Church Stockport stepped up to provide cover for Mall. Back in February we were visited by our AMIE bishop, Lee Mcmunn. Lee preached al our morning Servi and then stayed afterwards lo meet the Leadership Council. In November we held a Celebration Evening at Walthew House giving thanks lo all those who help lo make Christ Church Stockport run smoothly. Christmas proved lo be another highlight. We held 8 Craft evening, a carol service, a scratch nativity and a Christmas Eve party. The church again partnered with Wallhew House lo provide twenty Christmas hampers for vulnerable service users of Wallhew. We have continued to enjoy good relationships with our hosts at Walthew HoLJse and are aayS looking out for ways lo more meaningfully expand our partnership. We have people who volunteer both weekly and for special events held by Wallhew House.
CHRIST CHURCH STOCKPORT CIO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Financial review The charity's incoming resources were more than expenditure.. The Iruslees are pleased with the results for the year. The charity had reserves of £24,318 at 31 December 2022 and £38,807 at the period end. This is working capital. The reserves were achieved both from donations via grant making bodies and generous donations from those who regulady attend the church. In the coming year the Charity will continue to apply for extemal funding as is appropriate for agreed budgets. The trustees have no fomial policy to maintsin a level of resetves however, they try lo hold as reserves. 3 months running Costs. The trustees are conscious of their responsibilities and monitor the level of reserves to ensure the charity can meet its liabilities.
CHRIST CHURCH STOCKPORT CIO TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Structure. govemance and management The charity is a Charf(able Incorporated Organisation registered wth the UK Charities Commission on 29 November 2017. The charity number is 1176017.11 is govemed by these rules and the constitution dated 9 September 2017. The princip81 place of business is Walthew House, 112 Shaw Heath. SlockportSK2 6QS.. The Church currently ha8 four trustee8. The trustees govern the charity. The members are the Spiritual Leaders of the church and they have the authority to aPInt new trustees. The trustees hold regular meetings. The Trustees who served during the year and up to the date of sgnature of the financAal statements were.. Mr S Warij (Resgned 31 January 2023) Mrs C Senior Rev P Jackson Mrs M Hill Mr N Raven (Appointed 22 February 20231 Any member may become a trustee. Truslges can be appointed at theAGM or at any time by the members. The trustee$ of the charity, must give to all now trustees a copy of the constitution and a copy of th8 chartys latest trustee report and accounts. The tsustees, report was approved by the Board of Trustees. Rev P Jackson Trustee Dated.. .23110124...................
CHRIST CHURCH STOCKPORT CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRIST CHURCH STOCKPORT CIO I rert to the Trustees on my examination of the finanaal statements of Christ Church Stockport cio (the Charity) for the year ended 31 December 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 {Ihe 2011 Act). I report in respect of my examination of the Charills financial statements carried out under section 145 of the 2011 Act. In carrwng out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs statement Your attention is drawn lo the fact that the charity has prepared financial statements in accordance wth Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicab18 in the UK and Republic of Ireland IFRS 1021 in preference to theAccounling and Reporting by Charib'es.. Statement of Recommended Practice issued on 1 April 2005 lch is referred to in the extant regulations bul has now been withdrawn. l understand that this has been done in order for financial slalemenls lo provide 8 true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have compleletl my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or the financial statements do not accord wth those records,. or the finanaal statements do not comply with the applicable requirements conceming the fomi and content of accounts set out in the Charities IAccounls and Repottsl Regulations 2008 other than any requirement that the accounts give a true and fair wew which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination lo which attention should be dravm in this report in order lo enable a proper understanding of the finanaal statements lo be reathed. Topping Partnership (Accountants) Limited Susan lcOCk FCCA Independent Examiner Incom House Waterside Trafford Park Manchester M171 Dated.. ..23110124......................
CHRIST CHURCH STOCKPORT CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrlcted Unrestrlcted funds funds 2023 2022 Notes Income from: Donations and legacies 103,378 67,755 Total Income 103,378 67,755 Expenditure on- Charitable adivities 88,889 76,291 Totsl expendlture 88,889 76,291 Net incomellexpenditurel and movement in funds 14,489 18,5361 Reconciliation of funds- Fund balances al 1 January 2023 24,318 32,854 Fund balances at 31 December 2023 38,807 24,318 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
CHRIST CHURCH STOCKPORT CIO BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Note$ Current assets Debtors Cash at bank and in hand 10,632 29,281 456 24,880 39,913 25,318 Creditors: amounts falling due within one year 10 11,1C61 19981 Net current assets 38,807 24,318 Ngt assgts gxcludlng ponslon Ilablllty 38,807 24,318 The funds of the Charlty Unrestrided fund$ 38,807 24,318 38,807 24,318 The financial statements were approved by the Trustees on 23110124. Rev P Jackson Trustsg
CHRIST CHURCH STOCKPORT CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Charity inforniation Christ Church Stockport is a Charitable Incorporate Organisation registered with The Charities Commission on 29 November 2017. It is govemed by these rules and its constitution dated 9 September 2017. 1.1 Accounting convention The financial statements have been prepared in accordance 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 accordan wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021° las amended for accounting periods commencing from 1 January 20161. The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Stslemenl of Cash Flows. The financial slalements are prepared in steding, which is the functional currency of the Charity. Monetary amounts in these financial stslemenls are rounded lo the nearest £. The financial slalements have been prepared under the historical cost convention. The principal aceounling policies adopted are sel out below. 1.2 Going concern Al the lime of approving the financial slatemenls, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the TrLJStees continue to adopt the going concern basis of accounting in preparing the financial ststements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Reslricled funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out In the notes to the financial slalements. 1.4 Income Income is recognised when the Charity is legally ented to il after any performance conditions have been mel, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other tlonalions are recognised once the Charity has bèen notified of the donation, unless performance condV(ions require deferral of the amount. Income lax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised when the Gift Aid is reiVed from HMRC. 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. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business.
CHRIST CHURCH STOCKPORT CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles Icontlnuedl 1.5 Expendltu Expenditure is recognised on an accruals basis as a liability is incurred. Expendf(ure indudes any VAT that cannot be recovered, and is classified under headings of the statement of financial activities to which il relates.. expenditure on raising funds includes all the costs of all fundraising aclivilies, events, non-charilable trading activities, and the sale of donated goods. expenditure on charitable activities indudes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of its beneficiaries. including those support costs and costs relating lo the governan of the charity appointed to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. I costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable ID a single activity are allocated directly lo the activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 1.6 Cash and cash gqulvalgnts Cash and cash equivalents indude cash in hand, deposits held al call wth banks, other short-term liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown wthin borrowings in cuirenl Iiabililies. 1.7 Financial instruments The Charity has ele¢led lo apply the provisions of Section 11 'Basic Financial Inslrumenls, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the inslrumenl. Financial assets and liabilities are offset, wrth the net amounts presented In the financial slatemenls, when there Is a legally enforceable right to sel off the recognised amounts and there is an Intention to sellle on a nel basis or lo realise the asset and settle the liability simultaneously. BasiTC financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently carried at aM0.sed 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 al a market rate of interest. Financial assets classified as receivable within one year are not amortised. BasiTC financial liabilities Basic financial liabilities, including crèditors and bank loans are initially recognised at transaction price unless the arrangement conslilules a financing transaction. where the debt instrument is measured al the present value of the future payments discounted at a market rate of interest. Financial liabilities dassified as payable thin one year are not amortised. Debt instruments are subsequenuy carried at amortised CDSt, using the effective interest rate method. Trade creditors are obligations lo 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-cutrent Iiabililies. Trade creditors are recognised Initially al transaction price and subsequently measured al amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are deregnised when the Charity's contractual obligations expire or are discharged or cancelled.
CHRIST CHURCH STOCKPORT CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles Icontlnuedl 1.8 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in which the employees services are received. Crltlcal accountlng g$tlmat9$ and Judggm9nts In the application of the Charity's accounting policies, the Trustees are required lo make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other soUS. The estimates and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these eslimales. The estimates and underfying assumptions are reviewed on an ongoing basis. Revi510nS to accounting eslimales arè recognised in the period in which the estimate is revisèd 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. Donatlons and legacles Unrestricted Unrestricted funds ftjnds 2023 2022 Donations and grfts GiftAid Other 93,200 10,134 44 57,416 10,319 20
CHRIST CHURCH STOCKPORT CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 4Charf(able activities Charitable Charitable Expenditure Expenditure 2023 2022 Stsff costs Depreciation and impaimienl Charrtable expenditure stationary & Leaflets Advertising Ministry expenses 67,559 1,163 384 37 523 3,503 58,425 2,750 349 33 837 2,028 r 11 Rent Donations Subscriptions Professional Fees Bank Charges Accountancy 6,411 7,298 608 683 60 660 4,705 5,309 337 717 81 720 88,889 76.291 88,889 76,291 Trustees No person connected lo the Iruslees received any remuneration or benefits from the Charity during the year. During the pievious period, a Iiustee Incurred expenses of £875.22 on behalf of the charity. These weie reimbursed by the charity. During the previous period, two of the trustees received remuneration from the charity as employees. The trustees are paid per their contract of employment. No employee received remuneration or benefits over £60,000. No trustees received remuneration during the year. Employee$ The average monthly number of ernployees during the year was.. 2023 Number 2022 Number 10-
CHRIST CHURCH STOCKPORT CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 Employees Icontlnuedl Employment costs 2023 2022 Wages and salaries Other pension costs 64,378 3,181 55.660 2,765 67,559 58,425 There were no employees whose annual remuneration was more than £60,000. Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. Independ9nl gxamlnatlon The charty paid £420 for its Financial Statements lo be independently examined and £240 for the Financial Statements to be prepared. Debtors 2023 2022 Amounts falling due within one year- Trade debtors Prepayments and accrued income 10,632 455 10,632 456 10 Credltors: amounts falllng due wlthln one year 2023 2022 Other taxation and social security Other Creditors Accruals and deferred income 183 155 6eo 446 660 1,106 998
CHRIST CHURCH STOCKPORT CIO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2023 11 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These Indude designated funds which have been sel aside out of unreslricled funds by the trustees for specific purposes. At 1 January 2023 Incoming resources Resources expended At31 December 2023 General funds 24,318 103,378 188,8891 38,807 Prnvious yoar: At 1 January 2022 Incoming resources Resources expended At31 December 2022 General funds 32,854 67.755 176,2911 24,318 12-