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2025-03-31-accounts

Charity registration number: 1176858

Christ Central Preston CIO

FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025

https://www.christcentralpreston.co.uk/

Christ Central Preston CIO

INDEX TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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 - 11

Christ Central Preston CIO

LEGAL AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

Trustees: Mr Andrew Williams Mr Timothy Foster - appointed 6 November 2025 Mr Benjamin Horn Mr Jayd Lawrence - resigned 6 November 2025 Dr Matthew Theobald - appointed 6 November 2025 Charity number: 1176858 Charity Address: 21 Cheriton Field Fulwood Preston PR2 3WH Independent Examiners: Lifestyles Accountancy Limited 39 Kirklees Road Southport PR8 4RB Bankers: CAF Bank Kings Hill West Malling Kent ME19 4TA

Page 1 of 11

Christ Central Preston CIO

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2025

The trustees submit their annual report and financial statements for the year ended 31 March 2025. The financial statements follow the requirements of the revised Charities Statement of Recommended Practice (FRS 102) (second edition - October 2019) – 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).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is a Charitable Incorporated Organisation which was registered on 26 January 2018. It is governed by its Constitution which was last amended 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 achieved 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 has been undertaken by the trustees to ensure that all known risks are mitigated as effectively as possible. This is monitored, reviewed and updated periodically as and when the need arises.

Organisational structure

Christ Central Preston is governed by its board of trustees that are responsible for the strategic direction and policy of the charity.

Page 2 of 11

Christ Central Preston CIO

TRUSTEES' REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2025

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.

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 unrestricted reserves at any one point in time. This amounts to an amount of around £8,000.

In the year to 31 March 2025 the amount available in unrestricted reserves was £120,887 (2024 - £61,492). 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.

Page 3 of 11

Christ Central Preston CIO

TRUSTEES' REPORT (continued)

FOR THE YEAR ENDED 31 MARCH 2025

PLANS FOR FUTURE PERIODS

General plans

The charity will continue its operations throughout the year, including continuing the new "Building for Growth Campaign" which is aimed at getting more people involved in attending and contributing to the work of the charity.

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:

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 …...................21/11/25 2025 and signed on its behalf by:

………………………………

Mr Benjamin Horn - trustee

Page 4 of 11

Christ Central Preston CIO

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRIST CENTRAL PRESTON CIO

FOR THE YEAR ENDED 31 MARCH 2025

We report on the financial statements of the charity for the year ended 31 March 2025, which are set out on pages 6 to 11.

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:

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:

have not been met; or

Daniel Styles (Independent examiner)

Dated: ….......................................

for and on behalf of Lifestyles Accountancy Limited

Page 5 of 11

Christ Central Preston CIO

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

----- Start of picture text -----
Unrestricted Restricted Total Total
funds funds funds funds
2025 2025 2025 2024
Notes £ £ £ £
INCOME
Income from generated funds:
Voluntary income:
Donations and gifts 2 86,904 - 86,904 42,152
Activities for generating funds:
Weekend away 3 280 - 280 559
Investment income: 4 180 - 180 122
TOTAL INCOME 87,364 - 87,364 42,833
EXPENDITURE
Charitable activities 5 27,969 - 27,969 28,435
TOTAL EXPENDITURE 27,969 - 27,969 28,435
NET INCOME / (EXPENDITURE)
FOR THE YEAR 59,395 - 59,395 14,398
Fund balances at 1 April 2024 61,492 324 61,816 47,418
Fund balances at 31 March 2025 120,887 324 121,211 61,816
----- End of picture text -----

The notes on pages 8 - 11 form part of these financial statements.

Page 6 of 11

Christ Central Preston CIO

BALANCE SHEET

AS AT 31 MARCH 2025

----- Start of picture text -----
Total Total
funds funds
2025 2024
Notes £ £
CURRENT ASSETS
Cash at bank and in hand 123,123 61,816
123,123 61,816
CURRENT LIABILITIES
PAYE owed 1,038 -
Wages owed 874 -
-
1,912
NET CURRENT ASSETS 121,211 61,816
TOTAL NET ASSETS 121,211 61,816
FUNDS
Restricted funds 324 324
8 & 9
Unrestricted funds 120,887 61,492
TOTAL FUNDS 121,211 61,816
Approved and signed on behalf of the board on …................................ 2025 by:21/11/25
………………………………
Mr Benjamin Horn - trustee
----- End of picture text -----

The notes on pages 8 - 11 form part of these financial statements.

Page 7 of 11

Christ Central Preston CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1 ACCOUNTING POLICIES

a Basis of preparation

The financial statements follow the requirements of the revised Charities Statement of Recommended Practice (FRS 102) (second edition - October 2019) – 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 has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest whole £.

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.

Page 8 of 11

Christ Central Preston CIO

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

----- Start of picture text -----
2 VOLUNTARY INCOME
Unrestricted Restricted Total Total
funds funds funds funds
2025 2025 2025 2024
£ £ £ £
Donations and gifts:
Donations received 86,904 - 86,904 42,152
-
86,904 86,904 42,152
3 ACTIVITIES FOR GENERATING FUNDS
Unrestricted Restricted Total Total
funds funds funds funds
2025 2025 2025 2024
£ £ £ £
Miscellaneous:
Away day / Weekend away 280 - 280 559
280 - 280 559
4 INVESTMENT INCOME
Unrestricted Restricted Total Total
funds funds funds funds
funds funds funds funds
£ £ £ £
Bank interest received 180 - 180 122
180 - 180 122
----- End of picture text -----

Page 9 of 11

Christ Central Preston CIO

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

5 COSTS OF CHARITABLE ACTIVITIES

Administration costs:
Staff costs
Logo design costs
Venue hire
Refreshments
Advertising
Insurance
Memberships
Computer and software costs
Resources
Bank charges
Away day / Weekend away costs		 Unrestricted
Restricted
Total
funds
funds
funds
2025
2025
2025
£
£
£
22,748
-
22,748
663
-
663
2,409
-
2,409
412
-
412
22
-
22
264
-
264
90
-
90
309
-
309
169
-
169
60
-
60
823
-
823
27,969
-
27,969		 Total
funds
2024
£
23,172
-
2,340
203
44
-
90
-
151
60
2,375
28,435

6 EMPLOYEES

The average monthly number of employees during the year were 2 (2024 - 2) and no employee earned more than £60,000 in either the current year or the prior year.

Employment Costs

Wages and salaries
Pension costs - Defined contribution		 2025
£
22,528
220
22,748		 2024
£
22,951
221
23,172

7 TRUSTEES REMUNERATION

Mr Benjamin Horn received a total of £6,800 (2024 - £6,799) 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. Mr Timothy Foster received a total of £13,571 (2024 - £13,593) 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.

Page 10 of 11

Christ Central Preston CIO

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2025

8 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Current assets
Theological training grant
RESTRICTED FUNDS		 Unrestricted
Restricted
Total
funds
funds
funds
£
£
£
120,887
324
121,211
120,887
324
121,211
Balance at
Incoming
Resources
1 Apr 24
Resources
Expended
£
£
£
324
-
-		 Balance at
31 Mar 25
£
324

9 RESTRICTED FUNDS

The theological training grant was given to the charity by the Howard Foundation in 2020 and has been used to undertake courses in association with Biblical theology and was expected to be fully used by 2023 but the balance will be carried forward and put toward any relevant future training costs.

10 RELATED PARTY TRANSACTIONS

Other than as disclosed in note 7 on the prior page, there were no known disclosable related party transactions that took place during this year or the prior year.

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