**CHRIST COMMUNITY CHURCH - LONDON CHARITY NO. 1179227**
## Annual Report
And
## Financial Statements
## Of
Christ Community Church - London (CCC)
From 01 Oct 2022 to 30 September 2023
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|8-12|
|Independent Examiner’s report|13|
## **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: Metro Lloyds
1
## **Trustees Report**
## **Year ended 30 September 2023**
The Trustees present their first report and the financial statements for the year ended 30 September 2023. 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 five 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
## **Trustees Report**
## **Year ended 30 September 2023**
## **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 Church has continued its work in line with its stated objectives through regular weekly meetings offering instruction and encouragement in the faith through systematic teaching and study of the Holy Scriptures.
The continuation of regular in person meetings on Sundays with one Sunday a month turning into a local Sunday has been the mainstay of this reporting period. The 3:1 Sunday rhythm embarked upon in November 2022 has continued. Three Sundays a month the service is held centrally in Kings cross while the remaining Sunday service is held in 4 locations across London closer to where people live – in their native environments. This current rhythm serves as a forerunner of the regional missional communities the church desires to plant locally.
The teaching theme of Acts aimed at shaping the Church’s understanding of its nature has been foundational as the church looks to transition into missional communities local to where people live.
The vision of CCC was never to grow centrally but to multiply regionally – to be a missional micro-community to the wider local community that people inhabit. We are determined to make a difference in our communities – where we live, work and do life – with the love and power of Christ. This accounting period marked the start of CCC’s transition into 3 – 5 missional communities.
CCC has identified that this calls for 5 loosely interlinked objectives to be achieved in a particular order. The first is shifting people’s mindsets and adjusting headspace; the second is bringing greater clarity to everyone on the vision and strategy, the third is empowering leaders through an accelerated season of equipping with an unswerving faithfulness to scripture; the fourth is closely monitoring progress and the fifth, launch of the missional
3
community. Naturally, all missional communities will not be launched simultaneously but a staggered approach would be adopted allowing for each locality to develop and grow at its own pace and launch when and only if it fulfils the prescribed criteria.
## **Training and Equipping**
In this reporting season the emphasis has been on the first three objectives with the added action of the lead minister beginning to step back (less involvement and direction) allowing for increased involvement and participation of the wider group of leaders in local decision making. An accelerated program of equipping and training was started in this period further empowering leaders to take on more of the local decision-making responsibility.
It was with the above in mind and a desire to build community and foster fellowship that the Church went on its annual Family retreat in March 2023. The guest invited on this occasion proved to be a major success in encouraging the church to confidence in ministry and the exercise of gifts.
The wider leadership group (comprising of leaders of teams, groups and specific ministries) was also encouraged to take stock and self-reflect on an Away day in September 2023. The invited speaker took the team through a combination of collective and individual exercises to discern what God by His Spirit was already doing and identify what we ourselves envisage for the future. The Away day was very much appreciated by all attendees who engaged in the exercises well with honesty and transparency.
The monthly stewards’ meetings for those serving in various leadership roles across the church is one of the church’s prime platforms for training and equipping.
## **Pastoral care**
The Christianity Explored course for those who joined the CCC family and those who desired to reinforce their foundations in the faith was delivered online during February and March 2023.
In April we officially acknowledged and welcomed 10 new people who had joined the CCC family over the past 6 months.
Three members of CCC underwent water baptism in September 2023.
The 8-week Discipleship Explored course for those who desired to grow in their relationship with The Lord was offered during the months of October through December 2023.
The Church’s regular weekly worship, prayer and local gatherings have continued throughout this reporting period. The pastoral care of the congregation has been delegated to those in leadership roles of local cells. The cell and local core leader have been supported and encouraged in this task.
Individual pastoral outreach and meetings have also continued for those in need and struggling in the faith or staying connected with a view to encouraging them in the faith.
4
## **Inter-church relationships**
The Forge network of churches’ regular quarterly leaders’ meeting and annual wider leadership and servants’ meeting continue to be hugely beneficial to CCC’s leaders.
We continued our collaboration with the Billy Graham Evangelistic Association (BGEA) on their July London mass crusade. We hosted the Christian Life and witness course in June 2023 and reached out to many friends and family members inviting them to the event.
The other significant event during this reporting period was the establishing of a connection with like-minded church and ministry leaders in North America under the auspices of Hope 4 second generation (H4SG) ministry based in San Francisco. The ministry held its first retreat in August 2023 which gathered second-generation leaders and aspiring leaders. This was an opportunity to see what the second-generation ministry landscape looks like on the other side of the Atlantic. Indeed, the opportunity to network with many in this area was one of the great benefits of the retreat. The retreat served to help forge connections and create (open) networks that can be used to leverage future collaborative ventures and exchange of ideas and experiences. It also gave CCC the opportunity to learn more about the work of H4SG.
5
## **Trustees Report**
## **Year ended 30 September 2023**
## **Financial Report**
Total receipts on unrestricted funds during 12 months of reporting were £67,737. £47,505 was spent to provide the church services. The net result for the year was surplus of receipts over payments of £20,232 on unrestricted funds. Adding the balance brought forward at the start of the year, the balance carried forward as at 30 September 2022 on unrestricted fund totalled £72,091.
## **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 £9,023 to cover emergency situations that may arise from time to time. This policy reviewed by the Trustees on an annual basis as part of the charity's budgeting processes.
## **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.
6
## **Annual accounts for the period ending 30 September 2023**
## **Christ Community Church Statement of financial activities for the Year ended 30 Sep 2023**
|**Recommended categories by**
**activity**
**Notes**
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations,tiths and love gifts
**Note 3**
Charitable activities
Gif Aid
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 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_**
**_Total_**
**_Total_**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**|
**Total funds**
**Prior year**
**funds**
**£**
**£**|
**Total funds**
**Prior year**
**funds**
**£**
**£**|
|---|---|---|---|---|---|
||46,136|-|-|46,136|38,259|
||-|-|-|-|-|
||20,829|||20,829|-|
||772|-|-|772|-|
||67,737|-|-|67,737|38,259|
|||||||
||-|-|-|-|-|
||47,505|-|-|47,505|38,916|
||-|-|-|-|-|
||-|-|-|-|-|
||47,505|-|-|47,505|38,916|
|||||||
||20,232|-|-|20,232|657
-|
||-|-|-|-|-|
||20,232|-|-|20,232|657
-|
||-|-|-|-|-|
||-|-|-|-|-|
|||||||
||-|-|-|-|-|
||20,232|-|-|20,232|657
-|
|||||||
||51,859|-|-|51,859|51,859|
||72,091|-|-|72,091|51,859|
7
## **Christ Community Church-London**
## **Balance sheet as at 30 September 2023**
||**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**|1,387|-|-|1,387|799|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||1,387|-|-|1,387|799|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Note 6**|70,704|-|-|70,704|51,060|
|||70,704|-|-|70,704|51,060|
||||||||
||**Note 7**|-|-|-|-|-|
||||||||
|||70,704|-|-|70,704|51,060|
||||||||
|||72,091|-|**-**|72,091|51,859|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
||||||||
|||72,091|-|-|72,091|51,859|
||||||||
|||-|||-|-|
||||-||-|-|
||**Note 8**|72,091|-||72,091|51,859|
||||||-||
|||72,091|-|-|72,091|51,859|
The notes at pages 8 to 12 form part of these accounts.
Approved by the trustees on 19 July 2024 and signed on their behalf by:
Dr Ephrem Sahlu ………………………………………………………………………………..
8
## **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.
The Charity claimed Gif aid for the last four years.
9
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.
## **3. Analysis of income**
|Donations,church offerings,tiths and love
gifts for the period
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**
**TOTAL INCOME**
**Analysis**
**Donations**
**and**
**legacies:**|Donations,church offerings,tiths and love
gifts for the period
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**
**TOTAL INCOME**
**Analysis**
**Donations**
**and**
**legacies:**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**2022**
**£**
**£**
46,136- -46,136 38,259
20,829- -20,829-
- - - - -
- - - - -
- - - -
- - - - -
772 - - 772 -
67,737 - - 67,737 38,259
67,737- -67,737 38,259|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**2022**
**£**
**£**
46,136- -46,136 38,259
20,829- -20,829-
- - - - -
- - - - -
- - - -
- - - - -
772 - - 772 -
67,737 - - 67,737 38,259
67,737- -67,737 38,259|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**2022**
**£**
**£**
46,136- -46,136 38,259
20,829- -20,829-
- - - - -
- - - - -
- - - -
- - - - -
772 - - 772 -
67,737 - - 67,737 38,259
67,737- -67,737 38,259|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**2022**
**£**
**£**
46,136- -46,136 38,259
20,829- -20,829-
- - - - -
- - - - -
- - - -
- - - - -
772 - - 772 -
67,737 - - 67,737 38,259
67,737- -67,737 38,259|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**2022**
**£**
**£**
46,136- -46,136 38,259
20,829- -20,829-
- - - - -
- - - - -
- - - -
- - - - -
772 - - 772 -
67,737 - - 67,737 38,259
67,737- -67,737 38,259|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**2022**
**£**
**£**
46,136- -46,136 38,259
20,829- -20,829-
- - - - -
- - - - -
- - - -
- - - - -
772 - - 772 -
67,737 - - 67,737 38,259
67,737- -67,737 38,259|
|---|---|---|---|---|---|---|---|
|**Analysis of Expenditures**||||||||
||**Analysis**||**Unrestricted**
**funds**|
**Restricted**
**income**
**funds**|**Endowment**
**funds**|**Total funds**
**£**|**Prior year**
**2022**
**£**|
|**Expenditure on**
**charitable**
**activities**
**Expenditure on**
**raising funds:**|Incurred seeking donations||-|-|-|-|-|
||Incurred seeking legacies||-|-|-|-|-|
||**Total expenditure on raising funds**||-|-|-|-|-|
|||||||||
||Hall Rent for prayer gatherings||11,360|-|-|11,360|9,965|
||General expenses||232|-|-|232|4,260|
||Charitable Funding||1,480|-|-|1,480|2,060|
||Refreshment and other expenses||3,889|-|-|3,889|2,526|
||Transport||4,367|-|-|4,367|3,162|
||Insurance||384|-|-|384|474|
||Training costs||3,994|||3,994|10,247|
||Internet, zoom and other expenses||3,343|-|-|3,343|5,955|
||Communitybuilding& Empowerment||8,453|-|-|8,453|-|
||Misc||5,889|||5,889|-|
||**Total expenditure on charitable activities**||43,389|-|-|43,389|38,649|
|||||||||
|**TOTAL EXPENDITURE**|||**43,389**|-|-|**43,389**|38,649|
## **4. Analysis of Expenditures**
10
## **5. Tangible fixed asset**
**----- Start of picture text -----**
Freehold land Choir Gown Plant, office Music Total
& buildings equipment equipment
At the beginning of - - - 2,561 2,561
the year
Additions - - 675 376 1,051
Revaluations - - - - -
Disposals - - - - -
Transfers - - - - -
At end of the year - - 675 2,937 3,612
5.2 Depreciation and impairments
Basis RB RB RB RB RB Reducing
Balance
("RB")
Rate 25%
At beginning of the - - - 1,762 1,762
year
Disposals - - - - -
Depreciation - - 169 294 462
Impairment - - - - -
Transfers - - - - -
At end of the year - - 169 2,056 2,224
5.3 Net book value
Net book value at the - - - 169 800 800
beginning of the year
Net book value at the - - 506 881 1,387
end of the year
**----- End of picture text -----**
## **6. Cash at bank and in hand**
||**2023**
**£**|**2022**
**£**|
|---|---|---|
|**Short term cash investments(less than 3 months maturity date)**|-|-|
|**Short term deposits**|-|-|
|**Cash at bank and on hand**|70,704|51,060|
|**Other**|-|-|
|**Total**|70,704|51,060|
11
## **NOTE 7. CHARITY FUND**
**----- Start of picture text -----**
Fund Fund
balances balances
Type PE, EE Purpose and brought Gains and carried
R or UR * Restrictions
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
Unristricted Fund UR 51,859 67,737 47,505 - - 72,091
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds 51,859 67,737 47,505 - - 72,091
**----- End of picture text -----**
12
## **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 2023 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 Gebreselassie
13