**CHRIST COMMUNITY CHURCH - LONDON CHARITY NO. 1179227** Annual Report And ## Financial Statements ## Of Christ Community Church - London (CCC) Year ended 30 September 2020 Charity Number: 1179277 **CHRIST COMMUNITY CHURCH - LONDON CHARITY NO. 1179227** ## Contents Page |Legal and administrative information|1| |---|---| |Trustees' report|2-4| |Statement of financial activities|5| |Balance sheet|7| |Notes to the financial statements|8-11| |Independent Examiner’s report|12| **CHRIST COMMUNITY CHURCH - LONDON CHARITY NO. 1179227** ## **Legal and administrative information** Registered Charity Number:1179277 Business Address: 81 Cornwall Square Kennings way London SE11 4JW Registered Office: 81 Cornwall Square Kennings way London SE11 4JW Board of Trustees: Tesfaye Assegedew Lemma Alemayehu Shiferaw Altaye Dr Ephrem Sahlu Chair Hermela Getahun Bankers: Lloyds Metro 1 **CHRIST COMMUNITY CHURCH - LONDON CHARITY NO. 1179227** ## **Trustees Report** ## **Year ended 30 September 2020** The Trustees present their first report and the financial statements for the year ended 30 September 2020. The report has been prepared in accordance with the requirement of the standard recommended practice. ## **Structure, governance and management** ## **Governing Document** The organisation is Charitable Incorporation Organisation and its governing documents is CIO Foundation Constitution registered on 20 July 2018. ## **Appointment of Trustees** The Board has four members of Trustees of the Charity Trustees. The appointment of trustees is done in accordance with the governing documents. They receive no financial incentives except what is eligible for a Trustee. The Elders (A leadership team comprising a mixture of elected and appointed mature individuals referred to as the Core Leaders) manage the day to day administrative and spiritual activities of the Charity, supported by a team of volunteers. ## **Organisational Structure** The Board of Trustees consists of four people. They meet on a quarterly basis to monitor the working progress of the Church. The responsibility for running the church’s day to day administrative and spiritual activities and ensuring the provision of services rests on the Elders/Core Leaders of the Church. The Trustees are responsible for ensuring that the church delivers the services specified and that key performance indicators are met. 2 **CHRIST COMMUNITY CHURCH - LONDON CHARITY NO. 1179227** ## **Trustees Report** ## **Year ended 30 September 2020** ## **Objectives and activities** ## **Key objectives** The objectives of the charity are: - 1) To advance the Christian faith for the benefit of the public in accordance with the Statements of Faith, particularly but not exclusively, through the provision of Christian education, prayer meetings and pastoral support. - 2) To relieve sickness and poverty and to promote general health and wellbeing through the provision of funds, goods or services of any kind, including counselling and practical advice and support; - 3) To advance education of the general public in the area of Christian faith. ## **Achievement and Performance** The ministry of the church has for the most part been shadowed by the COVID-19 pandemic like everything else in life. Building a community of Jesus followers founded on the New Testament has been identified as the focus for the past year. Alongside the regular church services that continued even during lockdown, there have been several new and significant developments. The most significant event for the church, however, took place in first half of the year ended 30 September 2020. This was a 3-Day residential retreat in January 2020 with a focus on building community. 40 people in total attended the event which had a dual purpose. First, to encourage members in the faith through a combination of worship, teaching and open discussion and second, to bring people closer together through shared times of play and unstructured engagement. Post lockdown, the regular services of the Church have continued uninterrupted albeit in a remote form. After initially transmitting services from homes for the first few months, the church was swift to returning to in-person services once worship services were permitted to resume with restrictions and strict guidelines. However, even after returning to in-person services it was necessary to broadcast the service online for a good part of the church body which was still following from home. The other significant event of the past year has been the introduction of a regular, weekly, online teaching service on Saturday evening. This started at the height of the first lockdown in May and aimed, among others, to take advantage of the fact that we were all confined in our homes. The service is unlike any others prior to it in that it works through a particular book or theme of the bible in a methodical and systematic way. This teaching series has a fivefold object and is suitable for every stage of the Christian life. 3 **CHRIST COMMUNITY CHURCH - LONDON CHARITY NO. 1179227** The restrictions due to lockdown also affected the church’s annual conference. In its place the church conducted a string of seminars and discussions focusing on relationships to benefit the many single young adults within the church. ## **Inter-church relationships** The church has taken advantage of the opportunity offered by the lockdown for improved connection with others. The Salt and Light network of churches in the South that the Church is member of has been offering more support in the form of frequent and regular church leaders’ Zoom meetings. In addition, relations with more local churches have also been developed and maintained with a view to increased collaboration for the work of God’s kingdom. ## **Pastoral care** Delivering effective pastoral care has been a challenge during the lockdown when face to face meetings and interactions had been, for the most part, forbidden. As a result, many in the church have struggled mentally and spiritually during the lockdown and the church leaders and ministers have been active in supporting these with frequent phone and text contacts and conversations. Social media platforms played a huge part in delivering direct and custom messages to tackle and prevent the lockdown from taking a toll on people’s mental health. In addition, the regular small group meetings which used to happen in homes have had to transfer to online platforms which have not been greatly received by all. Even though these small group meetings online have been a welcome relief for many from days spent alone at home, some have found it difficult to stay connected online only without the in-person gathering that they were used to. 4 **CHRIST COMMUNITY CHURCH - LONDON CHARITY NO. 1179227** ## **Trustees Report** ## **Year ended 30 September 2020** ## **Financial Report** Total receipts on unrestricted funds during 12 months of reporting were £37,992. £29,324 was spent to provide the church services. The net result for the year was an excess of receipts over payments of £8,668 on unrestricted funds. Adding the balance brought forward at the start of the year, the balance carried forward as at 30 September 2020 on unrestricted fund totalled £32,918. ## **Reserves Policy** It is Christ Community Church policy to maintain a balance on unrestricted funds, which equates to at least three months unrestricted payments equivalent to £8,203 to cover emergency situations that may arise from time to time. ## **Volunteers** The Trustees Board would like to thank all the volunteers who worked so faithfully to make the church the vibrant community that it is. 5 **CHRIST COMMUNITY CHURCH - LONDON CHARITY NO. 1179227** ## **Christ Community Church Statement of financial activities for the Year ended 30 Sep 2020** |**Recommended categories by**
**activity**
**Notes**
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations,tiths and love gifts
**Note 3**
Charitable activities
Other
**Resources expended**
**Expenditure on:**
Raising funds
Charitable activities
**Note 4**
Separate material item of expense
Other
Net gains/(losses) on investments
**Extraordinary items**
Other gains/(losses)
**_Reconciliation of funds:_**
**_Total_**
**_Total_**
Total funds brought forw ard
**_Total funds carried forward_**
**Net income/(expenditure) before**
**investment gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
**_Net movement in funds_**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**| |---|---|---|---|---|---| ||37,992|-|-|37,992|41,300| ||-|-|-|-|-| ||-|-|-|-|-| ||37,992|-|-|37,992|41,300| ||||||| ||-|-|-|-|-| ||29,324|-|-|29,324|32,835| ||-|-|-|-|-| ||-|-|-|-|-| ||29,324|-|-|29,324|32,835| ||||||| ||8,668|-|-|8,668|8,465| ||-|-|-|-|-| ||8,668|-|-|8,668|8,465| ||-|-|-|-|-| ||-|-|-|-|-| ||||||| ||-|-|-|-|-| ||8,668|-|-|8,668|8,465| ||||||| ||24,250|-|-|24,250|-| ||32,918|-|-|32,918|8,465| 6 **CHRIST COMMUNITY CHURCH - LONDON CHARITY NO. 1179227** ## **Christ Community Church-London** ## **Balance sheet as at 30 September 2020** ||**Notes**|**Unrestricted**
**funds**
**£**|**Restricted**
**income**
**funds**
**£**|**Endowment**
**funds**
**£**|
**Total this**
**year**
**£**|**Prior year**
**£**| |---|---|---|---|---|---|---| |**Fixed assets**
**Intangible assets**
**Tangible assets**
**Heritage assets**
**Investments**
**Total fixed assets**
**Current assets**
**Stocks**
**Debtors & Prepayment**
**Investments**
**Cash at bank and in hand**
**Total current assets**
**Creditors: amounts falling due**
**within one year**
**Net current assets/(liabilities)**
**Total assets less current liabilities**
**Creditors: amounts falling due**
**after one year**
**Provisions for liabilities**
**Total net assets or liabilities**
**Funds of the Charity**
**Endowment funds**
**Restricted income funds**
**Unrestricted funds**
**Revaluation reserve**
**Total funds**||F01|F02|F03|F04|F05| |||-|-|-|-|-| ||**Note 5**|1,421|-|-|1,421|1,501| |||-|-|-|-|-| |||-|-|-|-|-| |||1,421|-|-|1,421|1,501| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||**Note 6**|35,931|-|-|35,931|22,749| |||35,931|-|-|35,931|22,749| |||||||| ||**Note 7**|(4,433)|-|-|(4,433)|-| |||||||| |||31,498|-|-|31,498|22,749| |||||||| |||32,918|-|**-**|32,918|24,250| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||||||| |||32,918|-|-|32,918|24,250| |||||||| |||-|||-|-| ||||-||-|-| ||**Note 8**|32,918|-||32,918|24,250| ||||||-|| |||32,918|-|-|32,918|24,250| The notes at pages 8 to 11 form part of these accounts. Approved by the trustees on 16 June 2021 and signed on their behalf by: Dr Ephrem Sahlu ……………………………………………………………………………….. 7 **CHRIST COMMUNITY CHURCH - LONDON CHARITY NO. 1179227** ## **Notes to the Accounts** ## **(a) Basis of preparation** ## **1. Accounting Policies** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: The Statement of Recommended Practice 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) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with Charities Act 2011 ## **1.1 Going concern** Based on the projection of the charity performance, the board of trustees is of the opinion that Rehoboth Church London has adequate resources to continue in operational existence for the foreseeable future. ## **1.2 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period. ## **1.3 Material prior year errors** No material prior year error has been identified in the reporting period (3.47 FRS 102 SORP). ## **2. INCOME** All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donations, are recognised when the Trust has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period. The charity hasn’t yet received any legacy. However, if there is a Legacy gift, it will be recognised on a case-by-case basis following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. 8 **CHRIST COMMUNITY CHURCH - LONDON CHARITY NO. 1179227** ## **3. Analysis of income** ||**Analysis**|**Unrestricted**
**funds**|
**Restricted**
**income**
**funds**|**Endowment**
**funds**|**Total funds**
**£**|**2019**
**£**| |---|---|---|---|---|---|---| |**Donations**
**and**
**legacies:**|Donations,church offerings,tiths and love
gifts for the period|37,992|-|-|37,992|41,300| ||Gift Aid|-|-|-|-|-| ||Legacies|-|-|-|-|-| ||General grants provided by
government/other charities|-|-|-|-|-| ||Membership subscriptions and
sponsorships which are in substance
donations|-|-|-|-|| ||Donatedgoods,facilities and services|-|-|-|-|-| ||Other(Members offering)||-|-|-|| ||**Total**|37,992|-|-|37,992|41,300| |||||||| |**TOTAL INCOME**||||||| |||37,992|-|-|37,992|41,300| ## **4. Analysis of Expenditures** ||**Analysis**|**Unrestricted**
**funds**|
**Restricted**
**income**
**funds**|**Endowment**
**funds**|**Total funds**
**£**|**Prior year**
**2019**
**£**| |---|---|---|---|---|---|---| |**Expenditure on**
**raising funds:**
**Expenditure on**
**charitable**
**activities**|Incurred seeking donations|-|-|-|-|-| ||Incurred seeking legacies|-|-|-|-|-| ||**Total expenditure on raising funds**|-|-|-|-|-| |||||||| ||Hall Rent for prayer gatherings|12,225|-|-|12,225|11,151| ||General expenses|7,321|-|-|7,321|9,297| ||Charitable Funding|5,307|-|-|5,307|9,580| ||Refreshment and other expenses|1,389|-|-|1,389|1,127| ||Transport|1,186|-|-|1,186|1,179| ||Insurance|129|-|-|129|| ||Internet, zoom and other expenses|1,128|-|-|1,128|| |||-|-|-|-|-| ||**Total expenditure on charitable activities**|28,683|-|-|28,683|32,334| |||||||| |**TOTAL EXPENDITURE**||**28,683**|-|-|**28,683**|32,334| 9 **CHRIST COMMUNITY CHURCH - LONDON CHARITY NO. 1179227** ## **5. Tangible fixed asset** |||**Freehold land**
**& buildings**|
**Choir Gown**|**Plant, office**
**equipment**|**Music**
**equipment**|**Total**|| |---|---|---|---|---|---|---|---| |At the beginning of
the year||-|-|-|2,001|2,001|| |Additions||-|-|-|560|560|| |Revaluations||-|-|-|-|-|| |Disposals||-|-|-|-|-|| |Transfers||-|-|-|-|-|| |At end of the year||-|-|-|2,561|2,561|| ## **5.2 Depreciation and impairments** |**Basis**|**Basis**|RB|RB|RB|RB|RB|Reducing
Balance
("RB")| |---|---|---|---|---|---|---|---| |**Rate 25%**|||||||| ||||||||| |At beginning of the
year||-|-|-|500|500|| |Disposals||-|-|-|-|-|| |Depreciation||-|-|-|640|640|| |Impairment||-|-|-|-|-|| |Transfers||-|-|-|-|-|| |At end of the year||-|-|-|1,140|1,140|| ## **5.3 Net book value** |Net book value at the
beginning of the year||-|-|-|1,501|1,501|| |---|---|---|---|---|---|---|---| |Net book value at the
end of the year||-|-|-|1,421|1,421|| ## **6. Cash at bank and in hand** ||**2020**
**£**|**2019**
**£**| |---|---|---| |**Short term cash investments(less than 3 months maturity date)**|-|-| |**Short term deposits**|-|-| |**Cash at bank and on hand**|35,931|22,749| |**Other**|-|-| |**Total**|35,931|22,749| 10 **CHRIST COMMUNITY CHURCH - LONDON CHARITY NO. 1179227** ## **7. Short Term Creditors** ||**2020**
**£**|**2019**
**£**| |---|---|---| |**Short term Creditirs(less than 1 Year)**|-|-| |**Other**|-|-| ||4,485|-| ||-|-| |**Total**|4,485|-| ## **8. Charity Fund** |**Fund names**|**Type PE, EE**
**R or UR ***|
**Purpose and**
**Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure **
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**| |---|---|---|---|---|---|---|---|---| |Unristricted Fund|UR||24,250|37,992|29,324|-|-|32,918| ||||-|-|-|-|-|-| |**_Other funds_**|**N/a**|**N/a**|-|-|-|-|-|-| |**Total Funds**|||**24,250**|**37,992**|**29,324**|**-**|**-**|**32,918**| 11 **CHRIST COMMUNITY CHURCH - LONDON CHARITY NO. 1179227** ## **Independent examiner’s report to the trustees on the unaudited financial statement.** I report on the account of Christ Community Church London for the year ended 30 September 2020 set out on pages 5 to 11. ## **Respective responsibilities of trustees and independent examiner** The charity’s trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section144(2) of the Charities Act 2011 (the 2011 Act), and that an independent examination is needed. It is my responsibility to examine the accounts under section 145 of the 2011 Act, to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act; and to state whether particular matters have come to my attention. ## **Basis of independent examiner’s statement** My examination was carried out in accordance with the 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 you as 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 my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in any material respect the requirements: · to keep proper accounting records in accordance with section 386 of the Company Act 2006; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the company Act 2006 and with methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached ……………………………………………………………………. ## **Independent examiner** Solomon Gebre Selassie 12