Charity registration number: 1176858
Christ Central Preston CIO
FINANCIAL STATEMENTS AND TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2021
Christ Central Preston CIO
INDEX TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees' report | 2 - 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 10 |
Christ Central Preston CIO
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 MARCH 2021
| Trustees: | Mr Andrew Williams |
|---|---|
| Mr Benjamin Horn | |
| Mr Jayd Lawrence | |
| Charity number: | 1176858 |
| Charity Address: | 11 Glen Grove |
| Preston | |
| Lancashire | |
| PR2 6SB | |
| Independent Examiners: | Lifestyles Accountancy Limited |
| 39 Kirklees Road | |
| Southport | |
| PR8 4RB | |
| Bankers: | CAF Bank |
| Kings Hill | |
| West Malling | |
| Kent | |
| ME19 4TA |
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Christ Central Preston CIO
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2021
The trustees submit their annual report and financial statements for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in 2005 in preparing the annual report and financial statements of the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a Charitable Incorporated Organistation which was registered on 26 January 2018. It is governed by its Constitution which was last ammended on 24 January 2018.
Recruitment and appointment of the trustees
The board seeks to achieve a balance of skills and experience amongst the trustees. In order to maintain this, the board reviews its skill and experience mix each year and seeks to recruit new trustees when necessary.
Appointment is made once an application for becoming a trustee is received by the charity and the board of current trustees have interviewed the candidate and voted. If a unanimous vote is acheived the appointment would continue but if that were not the case then a majority vote would prevail.
Trustee induction and training
The current board of trustees will provide any new trustee with an overview of the timetable of board meetings, copies of the recent minutes of meetings, the recent reports and accounts and explains their general and specific responsibilities.
Ongoing training is provided by the board of trustees as and when the need arises.
Risk management
The trustees are aware of the major risks to which the charity is exposed to and have plans in place to mitigate these as far as possible. A full risk review is planned by the trustees to ensure that all known risks are mitigated as effectively as possible. This is intended to be completed in the next calender year.
Organisational structure
Christ Central Preston is governed by its board of trustees that are responsible for the strategic direction and policy of the charity.
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Christ Central Preston CIO
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2021
OBJECTIVES AND ACTIVITIES
Objects of the charity
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
The purpose of the charity is to advance the Christian religion for the public benefit, in accordance with the basis of faith, in the Preston area in particular, but not exclusively, by the provision of facilities for public worship and prayer.
ACHIEVEMENTS AND PERFORMANCE
Review and summary of the year
Throughout the year the charity has maintained the provision of public worship and prayer on a weekly basis. Midweek groups, Bible teaching and training sessions and the provision of free food for the public have also been maintained where permitted through covid-19 restrictions.
FINANCIAL REVIEW
Principal funding sources
The principal sources of funding for the charity continue to be donations from the church congregation in addition to some giving from other Christian groups.
Reserves policy
In order to maintain the day to day running of the charity the trustees have agreed that an amount of no less than 3 months running costs should be available in reserves at any one point in time. This amounts to an amount of around £4,000.
In the year to 31 March 2021 the amount available in free reserves was £15,481 (2020 - £5,670). This level is much more than is the calculated minimum but is deemed to be at an appropriate level by the trustees as it is being decided upon how it will be put to use in the coming years.
All funds currently held by the charity are unrestricted.
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Christ Central Preston CIO
TRUSTEES' REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2021
PLANS FOR FUTURE PERIODS
General plans
The charity will continue its operations throughout the year, including a new "Building for Growth Campaign" which is aimed at getting more people involved in attending and contributing to the work of the charity.
Plans for risk review
The trustees are in the process of completing a risk review of all areas of the charities activities. It is intended that this will be completed in the next calender year.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
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a. select suitable accounting policies and apply them consistently;
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b. observe the methods and principals in the Charities SORP;
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c. make judgements and estimates that are reasonable and prudent;
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d. state whether applicable UK accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
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e. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the board of trustees on 10 January 2022 and signed on its behalf by:
……………………………… Mr Benjamin Horn - trustee
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Christ Central Preston CIO
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRIST CENTRAL PRESTON CIO
FOR THE YEAR ENDED 31 MARCH 2021
We report on the financial statements of the charity for the year ended 31 March 2021, which are set out on pages 6 to 10.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is our responsibility to:
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(i) examine the accounts under section 145 of the Charities Act, (ii) to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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(iii) to state whether particular matters have come to our attention.
Basis of independent examiner's statement
Our examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with our examination, no matter has come to our attention:
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a) which gives us reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- b) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Daniel Styles (Independent examiner)
Dated: 10 January 2022
for and on behalf of Lifestyles Accountancy Limited
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Christ Central Preston CIO
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2021
| Unrestricted Restricted Total funds funds funds 2021 2021 2021 Notes £ £ £ INCOMING RESOURCES Incoming resources from generated funds: Voluntary income: Donations and gifts 2 28,444 - 28,444 Activities for generating funds: Weekend away 3 - - - TOTAL INCOMING RESOURCES 28,444 - 28,444 RESOURCES EXPENDED Charitable activities 4 18,633 1,100 19,733 TOTAL RESOURCES EXPENDED 18,633 1,100 19,733 9,811 (1,100) 8,711 Fund balances at 1 March 2020 5,670 2,250 7,920 Fund balances at 31 March 2021 15,481 1,150 16,631 NET INCOMING RESOURCES FOR THE YEAR |
Total funds 2020 £ 24,600 - 24,600 22,375 22,375 2,225 5,695 7,920 |
|---|---|
The notes on pages 8 - 10 form part of these financial statements.
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Christ Central Preston CIO
BALANCE SHEET
AS AT 31 MARCH 2021
| Notes CURRENT ASSETS Cash at bank and in hand NET CURRENT ASSETS TOTAL NET ASSETS FUNDS Restricted funds Unrestricted funds TOTAL FUNDS 5 |
Total funds 2021 £ 16,631 16,631 16,631 16,631 1,150 15,481 16,631 |
Total funds 2020 £ 7,920 7,920 7,920 7,920 2,250 5,670 7,920 |
|---|---|---|
Approved and signed on behalf of the board on 10 January 2022 by:
……………………………… Mr Benjamin Horn - trustee
The notes on pages 8 - 10 form part of these financial statements.
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Christ Central Preston CIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
1 ACCOUNTING POLICIES
a Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the FRSSE Statement of Recommended Practice (FRSSE SORP), "Accounting and Reporting by Charities" published in March 2015.
b Fund accounting
Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements where relevant.
c Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income and can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. No amounts are included in the financial statements for services donated by volunteers.
d Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of the resources.
Fund raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management costs. Management and administration costs are those incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements.
e Fixed assets and depreciation
Tangible fixed assets costing more than £500 are capitalised and included at cost including and incidental expenses of acquisition.
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Christ Central Preston CIO
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2021
2 VOLUNTARY INCOME
| Donations and gifts: Donations received 3 Miscellaneous: Weekend away ACTIVITIES FOR GENERATING |
Unrestricted Restricted Total funds funds funds 2021 2021 2021 £ £ £ 28,444 - 28,444 28,444 - 28,444 Unrestricted Restricted Total funds funds funds 2021 2021 2021 £ £ £ - - - - - - FUNDS |
Total funds 2020 £ 24,600 24,600 Total funds 2020 £ - - |
|---|---|---|
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Christ Central Preston CIO
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2021
4 COSTS OF CHARITABLE ACTIVITIES
| Administration costs: Staff costs Training costs Venue hire Refreshments Telephone Advertising Insurance Memberships Computer and software costs Resources Sundry costs Evangelistic events Bank charges |
Unrestricted Restricted Total funds funds funds 2021 2021 2021 £ £ £ 15,912 - 15,912 - 1,100 1,100 236 - 236 35 - 35 1,124 - 1,124 180 - 180 368 - 368 219 - 219 - - - 225 - 225 270 - 270 - - - 64 - 64 18,633 1,100 19,733 |
Total funds 2020 £ 15,912 - 2,912 409 - 49 300 380 44 1,886 - 423 60 22,375 |
|---|---|---|
5 ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Current assets | Unrestricted Restricted Total funds funds funds £ £ £ 15,481 1,150 16,631 15,481 1,150 16,631 |
|---|---|
6 TRUSTEES REMUNERATION
Mr Andrew Williams received a total of £15,912 (2020 - £15,912) in wage costs for his work in the day to day operation of the charity but not in any respect in connection with his role as trustee. No other trustee received any remuneration or expenses.
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