``` REGISTERED CHARITY NUMBER: 1181886 ``` ## **`REPORT OF THE TRUSTEES AND`** ## **`FINANCIAL STATEMENTS`** ``` FOR THE YEAR ENDED 31 AUGUST 2020 ``` ## **`FOR`** ## **`STREATHAM CENTRAL CHURCH`** ``` Hartley Fowler LLP Chartered Accountants 4th Floor Tuition House 27-37 St George's Road Wimbledon London SW19 4EU ``` ``` STREATHAM CENTRAL CHURCH ``` ``` CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 ``` |||**`Page`**|| |---|---|---|---| |**`Report of the Trustees`**|`1`|`to`|`2`| |**`Independent Examiner's Report`**||`3`|| |**`Statement of Financial Activities`**||`4`|| |**`Balance Sheet`**||`5`|| |**`Notes to the Financial Statements`**|`6`|`to`|`9`| |**`Detailed Statement of Financial Activities`**|`10`|`to`|`11`| ``` STREATHAM CENTRAL CHURCH ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2020`** ``` Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31August2020. The trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` TheobjectivesofthecharityaretheadvancementoftheChristianfaithinaccordancewiththebasisoffaith, primarily butnotexclusivelywithinStreathamandthesurroundingneighbourhood;andsuchothercharitablepurposesasshall, in the opinion of the charity trustees, put into practice the Christian faith in accordance with the basis of faith. ``` ## **`Significant activities`** ``` Streatham Central Church was established to provide a church for the local community in Streatham and is ``` ``` is continuing as such. It has seen steady growth and progress in teaching, community work and gospel outreach. ``` ## **`Public benefit`** ``` Whenplanningouractivitiesfortheyear,thetrusteeshaveconsideredtheguidanceoftheCharityCommission in relationtoprovidingpublicbenefitand,inparticular,thesupplementaryguidanceoncharitiesfortheadvancement of religion. ``` ## **`FINANCIAL REVIEW`** ## **`Financial position`** ``` Asummaryoftheincomeandexpenditurefortheyearandfinancialpositionattheyerendisprovidedinthe statement of financial activities and balance sheet which form a part of these accounts. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` ThecharityisconstitutedasaCharitableIncorporatedOrganisation,governedbytheconstitutionadoptedby its members on 6th February 2019 and approved by the Charity Commission on the same date. ``` ``` Thecharityisgovernedbyitstrusteeswhoareappointedforatermofthreeyearsand,apartfromtheinitial trustees, are elected by a vote of the existing trustees. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`** ``` 1181886 ``` ## **`Principal address`** ``` 45 Pendennis Road Streatham London SW16 2SR ``` ## **`Trustees`** ``` Rev A C Lyell J H Sole (resigned 29/6/20) A D Bushell C Osborne P E Duckworth (appointed 11/1/21) ``` ## **`Independent Examiner`** ``` Hartley Fowler LLP Chartered Accountants 4th Floor Tuition House 27-37 St George's Road Wimbledon London SW19 4EU ``` ``` -1- ``` ``` STREATHAM CENTRAL CHURCH ``` ## **`REPORT OF THE TRUSTEES`** ## **`FOR THE YEAR ENDED 31 AUGUST 2020`** ## **`STATEMENT OF TRUSTEES' RESPONSIBILITIES`** ``` ThetrusteesareresponsibleforpreparingtheReportoftheTrusteesandthefinancialstatementsinaccordance with applicablelawandUnitedKingdomAccountingStandards(UnitedKingdomGenerallyAcceptedAccounting Practice) includingFinancialReportingStandard102"TheFinancialReportingStandardapplicableintheUKandRepublic of Ireland" ``` ``` ThelawapplicabletocharitiesinEnglandandWales,theCharitiesAct2011,Charity(AccountsandReports) Regulations 2008andtheprovisionsofthetrustdeedrequiresthetrusteestopreparefinancialstatementsforeachfinancial year whichgiveatrueandfairviewofthestateofaffairsofthecharityandoftheincomingresourcesandapplication of resources,includingtheincomeandexpenditure,ofthecharityforthatperiod.Inpreparingthosefinancial statements, the trustees are required to ``` - `select suitable accounting policies and then apply them consistently;` - `observe the methods and principles in the Charity SORP;` - `make judgements and estimates that are reasonable and prudent;` - `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.` ``` Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonableaccuracyatany time thefinancialpositionofthecharityandtoenablethemtoensurethatthefinancialstatementscomplywiththe Charities Act2011,theCharity(AccountsandReports)Regulations2008andtheprovisionsofthetrustdeed.Theyare also responsibleforsafeguardingtheassetsofthecharityandhencefortakingreasonablestepsfortheprevention and detection of fraud and other irregularities. ``` ``` Approved by order of the board of trustees on 25 June 2021 and signed on its behalf by: ``` ``` A D Bushell - Trustee ``` ``` -2- ``` ## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STREATHAM CENTRAL CHURCH`** ## **`Independent examiner's report to the trustees of Streatham Central Church`** ``` IreporttothecharitytrusteesonmyexaminationoftheaccountsofStreathamCentralChurch(theTrust)forthe year ended 31 August 2020. ``` ## **`Responsibilities and basis of report`** ``` AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the requirements of the Charities Act 2011 ('the Act'). ``` ``` IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutundersection145oftheActandincarrying out myexaminationIhavefollowedallapplicableDirectionsgivenbytheCharityCommissionundersection145(5)(b)of the Act. ``` ## **`Independent examiner's statement`** ``` Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith the examination giving me cause to believe that in any material respect: ``` `1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or` `2. the accounts do not accord with those records; or` `3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ``` ``` Jonathan Askew ``` ``` ICAEW Hartley Fowler LLP Chartered Accountants 4th Floor Tuition House ``` ``` 27-37 St George's Road Wimbledon London SW19 4EU ``` ``` Date: ............................................. ``` ``` -3- ``` ``` STREATHAM CENTRAL CHURCH ``` ## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020`** |`Notes`
**`INCOME AND ENDOWMENTS`**
**`FROM`**
`Donations and legacies`
**`Charitable activities`**
`Charitable activities`
**`Total`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`2`
`Administration costs`
`Ministry costs`
`Staff housing costs`
`Other staff costs including`
`salaries and pensions`
`Supporting wider Gospel`
`ministries`
**`Total`**
**`NET INCOME`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED`**
**`FORWARD`**|`Period`
`6/2/19`
`Year Ended`
`to`
`31/8/20`
`31/8/19`
`General`
`Total`
`Total`
`fund`
`Designated`
`Restricted`
`funds`
`funds`
`£`
`£`
`£`
`£`
`£`
`118,974`
`-`
`1,200`
`120,174`
`19,888`
`1,502`
`-`
`-`
`1,502`
`84,633`
`120,476`
`-`
`1,200`
`121,676`
`104,521`
`11,271`
`-`
`-`
`11,271`
`3,601`
`20,134`
`-`
`-`
`20,134`
`530`
`21,905`
`-`
`-`
`21,905`
`5,417`
`48,280`
`-`
`1,200`
`49,480`
`13,547`
`6,304`
`-`
`-`
`6,304`
`210`
`107,894`
`-`
`1,200`
`109,094`
`23,305`
`12,582`
`-`
`-`
`12,582`
`81,216`
`(3,341)`
`84,557`
`-`
`81,216`
`-`
`9,241`
`84,557`
`-`
`93,798`
`81,216`|`Period`
`6/2/19`
`Year Ended`
`to`
`31/8/20`
`31/8/19`
`General`
`Total`
`Total`
`fund`
`Designated`
`Restricted`
`funds`
`funds`
`£`
`£`
`£`
`£`
`£`
`118,974`
`-`
`1,200`
`120,174`
`19,888`
`1,502`
`-`
`-`
`1,502`
`84,633`
`120,476`
`-`
`1,200`
`121,676`
`104,521`
`11,271`
`-`
`-`
`11,271`
`3,601`
`20,134`
`-`
`-`
`20,134`
`530`
`21,905`
`-`
`-`
`21,905`
`5,417`
`48,280`
`-`
`1,200`
`49,480`
`13,547`
`6,304`
`-`
`-`
`6,304`
`210`
`107,894`
`-`
`1,200`
`109,094`
`23,305`
`12,582`
`-`
`-`
`12,582`
`81,216`
`(3,341)`
`84,557`
`-`
`81,216`
`-`
`9,241`
`84,557`
`-`
`93,798`
`81,216`| |---|---|---| |||`104,521`
`3,601`
`530`
`5,417`
`13,547`
`210`| |||`23,305`| |||`81,216`
`-`| |||`81,216`| ``` The notes form part of these financial statements ``` ``` -4- ``` ## **`STREATHAM CENTRAL CHURCH`** ## **`BALANCE SHEET`** ## **`31 AUGUST 2020`** |`Notes`
**`CURRENT ASSETS`**
`Debtors`
`7`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one`
`year`
`8`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS`**
**`CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`9`
`Unrestricted funds`
**`TOTAL FUNDS`**|`General`
`fund`
`Designated`
`Restricted`
`£`
`£`
`£`
`19,158`
`-`
`-`
`2,250`
`84,557`
`-`
`21,408`
`84,557`
`-`
`(12,167)`
`-`
`-`
`9,241`
`84,557`
`-`
`9,241`
`84,557`
`-`
`9,241`
`84,557`
`-`|`2020`
`Total`
`funds`
`£`
`19,158`
`86,807`
`105,965`
`(12,167)`
`93,798`
`93,798`
`93,798`
`93,798`
`93,798`|`2019`
`Total`
`funds`
`£`
`-`
`83,016`
`83,016`
`(1,800)`
`81,216`
`81,216`
`81,216`
`81,216`
`81,216`| |---|---|---|---| ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon25June2021and were signed on its behalf by: ``` ``` A D Bushell - Trustee ``` ``` The notes form part of these financial statements ``` ``` -5- ``` ``` STREATHAM CENTRAL CHURCH ``` ``` NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020 ``` ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Charities Act 2011. The financial statements have been prepared under the historical cost convention. ``` ## **`Income`** ``` AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of resources. ``` ## **`Taxation`** ``` The charity is exempt from tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ``` ``` Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ``` ## **`Pension costs and other post-retirement benefits`** ``` Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothecharity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ``` ## **`2. CHARITABLE ACTIVITIES COSTS`** |`Administration costs`
`Ministry costs`
`Staff housing costs`
`Other staff costs including salaries and`
`pensions`
`Supporting wider Gospel ministries`|`Support`
`Direct`
`costs (see`
`Costs`
`note 3)`
`£`
`£`
`9,471`
`1,800`
`20,134`
`-`
`21,905`
`-`
`49,480`
`-`
`6,304`
`-`
`107,294`
`1,800`|`Totals`
`£`
`11,271`
`20,134`
`21,905`
`49,480`
`6,304`| |---|---|---| |||`109,094`| ``` -6- ``` ``` STREATHAM CENTRAL CHURCH ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020`** ## **`3. SUPPORT COSTS`** |**`SUPPORT COSTS`**|| |---|---| ||`Governance`| ||`costs`| ||`£`| |`Administration costs`|`1,800`| ``` Includedingovernancecostsarefees(excludingirrecoverableVAT)of£1,500(2019-£1,500)for the independentexaminationandpreparationofthefinancialstatementstheexaminerwaspaidanadditional £379 (2019£nil)forotheraccountingservicesexcludingirrecoverableVAT,thesecostsbeingincluded in administrative costs. ``` ## **`4. TRUSTEES' REMUNERATION AND BENEFITS`** ``` TheRevACLyell,thePastor,whoisalsoatrusteeofthecharity,receivedasalaryof£25,875(2019- £9,902) togetherwithpensioncontributionsof£6,000(2019-£1,242)intheperiodandaccomodationwasprovided for him at a cost of £21,905 (2019 - £5,417). ``` ``` Such payments are permitted under the constitution of the charity. ``` ``` No remuneration was paid to him in relation to his role as a trustee. ``` ``` No other trustees received remuneration or benefits in kind from the charity. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31August2020norfortheperiod ended 31 August 2019. ``` ## **`5. STAFF COSTS`** ``` No staff received remuneration in excess of £60,000 in the period, ``` ``` The average number of employees during the period was 2 (2019 - 2). ``` ## **`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** |**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`Charitable activities`**
`Charitable activities`
**`Total`**
**`EXPENDITURE ON`**
**`Charitable activities`**
`Administration costs`
`Ministry costs`
`Staff housing costs`
`Other staff costs including salaries and`
`pensions`
`Supporting wider Gospel ministries`
**`Total`**|`General`
`fund`
`Designated`
`Restricted`
`£`
`£`
`£`
`19,788`
`-`
`100`
`76`
`84,557`
`-`
`19,864`
`84,557`
`100`
`3,601`
`-`
`-`
`430`
`-`
`100`
`5,417`
`-`
`-`
`13,547`
`-`
`-`
`210`
`-`
`-`
`23,205`
`-`
`100`|`Total`
`funds`
`£`
`19,888`
`84,633`| |---|---|---| |||`104,521`
`3,601`
`530`
`5,417`
`13,547`
`210`| |||`23,305`| ``` -7- ``` ``` STREATHAM CENTRAL CHURCH ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020`** ## **`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`** |`General`
`fund`
`£`
**`NET INCOME/(EXPENDITURE)`**
`(3,341)`
**`TOTAL FUNDS CARRIED FORWARD`**
`(3,341)`
**`7.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Prepayments and accrued income`
**`8.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Taxation and social security`
`Other creditors`
**`9.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
`Planting contributions`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted income - general`
**`TOTAL FUNDS`**|`Total`
`Designated`
`Restricted`
`funds`
`£`
`£`
`£`
`84,557`
`-`
`81,216`
`84,557`
`-`
`81,216`
`2020`
`2019`
`£`
`£`
`19,158`
`-`
`2020`
`2019`
`£`
`£`
`632`
`-`
`11,535`
`1,800`
`12,167`
`1,800`
`Net`
`movement`
`At`
`At 1/9/19`
`in funds`
`31/8/20`
`£`
`£`
`£`
`(3,341)`
`12,582`
`9,241`
`84,557`
`-`
`84,557`
`81,216`
`12,582`
`93,798`
`81,216`
`12,582`
`93,798`
`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`120,476`
`(107,894)`
`12,582`
`1,200`
`(1,200)`
`-`
`121,676`
`(109,094)`
`12,582`|`Total`
`funds`
`£`| |---|---|---| |||`81,216`| |||`81,216`| ``` -8- ``` ``` STREATHAM CENTRAL CHURCH ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2020`** ## **`9. MOVEMENT IN FUNDS - continued`** ## **`Comparatives for movement in funds`** ||`Net`|| |---|---|---| ||`movement`|`At`| ||`in funds`|`31/8/19`| ||`£`|`£`| |**`Unrestricted funds`**||| |`General fund`|`(3,341)`|`(3,341)`| |`Planting contributions`|`84,557`|`84,557`| ||`81,216`|`81,216`| |**`TOTAL FUNDS`**|`81,216`|`81,216`| ``` Comparative net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
`Planting contributions`
**`Restricted funds`**
`Restricted income - general`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`19,864`
`(23,205)`
`(3,341)`
`84,557`
`-`
`84,557`
`104,421`
`(23,205)`
`81,216`
`100`
`(100)`
`-`
`104,521`
`(23,305)`
`81,216`| |---|---| ``` Contributionsreceivedtoassistwiththeestablishmentofthechurchhavebeencreditedtoaseparate designated (Plantingcontributions)reservewhichwillnowbeusedaspartofthedaytodayrunningofthechurch as established. ``` ## **`10. RELATED PARTY DISCLOSURES`** ``` Exceptasnotedaboveinrelationtotrusteeremunerationandbenefitstherewerenorelatedparty transactions for the year ended 31 August 2020 nor for the period ended 31 August 2019. ``` ``` -9- ``` ``` STREATHAM CENTRAL CHURCH ``` ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020`** |||`Period`| |---|---|---| |||`6/2/19`| ||`Year Ended`|`to`| ||`31/8/20`|`31/8/19`| ||`£`|`£`| |**`INCOME AND ENDOWMENTS`**||| |**`Donations and legacies`**||| |`Donations`|`100,641`|`18,236`| |`Gift aid`|`19,533`|`1,652`| ||`120,174`|`19,888`| |**`Charitable activities`**||| |`Income from church activities`|`1,502`|`76`| |`Planting contributions`|`-`|`84,557`| ||`1,502`|`84,633`| |**`Total incoming resources`**|`121,676`|`104,521`| |**`EXPENDITURE`**||| |**`Charitable activities`**||| |`Wages`|`41,490`|`12,305`| |`Pensions`|`7,000`|`1,242`| |`Staff housing costs`|`21,905`|`5,417`| |`Insurance`|`379`|`-`| |`Office costs`|`7,409`|`1,497`| |`Advertising and promotional`|`208`|`-`| |`Bank charges`|`61`|`18`| |`Courses, training and workshops`|`2,991`|`-`| |`Event costs`|`18`|`110`| |`Weekend/day away costs`|`2,083`|`-`| |`Toddlers and Jive group costs`|`1,040`|`120`| |`Kids and youth work costs`|`40`|`-`| |`Web and IT costs`|`567`|`286`| |`Payroll costs`|`585`|`-`| |`Music ministry, equipment and licensing`|`1,400`|`-`| |`Church refreshments`|`728`|`-`| |`Church equipment`|`150`|`-`| |`Ministry venue hire`|`10,804`|`-`| |`Hardship fund`|`1,662`|`300`| |`Mission partner support`|`1,940`|`210`| |`Co-Mission membership contribution`|`4,364`|`-`| |`Legal and safeguarding costs`|`470`|`-`| ||`107,294`|`21,505`| |**`Support costs`**||| |**`Governance costs`**||| |`Independent examiner's fees`|`1,500`|`1,500`| |`Carried forward`|`1,500`|`1,500`| ``` This page does not form part of the statutory financial statements ``` ``` -10- ``` ``` STREATHAM CENTRAL CHURCH ``` ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2020`** |||`Period`| |---|---|---| |||`6/2/19`| ||`Year Ended`|`to`| ||`31/8/20`|`31/8/19`| ||`£`|`£`| |**`Governance costs`**||| |`Brought forward`|`1,500`|`1,500`| |`Irrecoverable VAT`|`300`|`300`| ||`1,800`|`1,800`| |`Total resources expended`|`109,094`|`23,305`| |**`Net income`**|`12,582`|`81,216`| ``` This page does not form part of the statutory financial statements ``` ``` -11- ```