REGISTERED CHARITY NUMBER: 1181886
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
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
FOR THE YEAR ENDED 31 AUGUST 2021
CONTENTS OF THE FINANCIAL STATEMENTS
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Page |
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Report of the Trustees |
1 |
to |
2 |
Independent Examiner's Report |
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3 |
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Statement of Financial Activities |
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4 |
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Balance Sheet |
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5 |
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Notes to the Financial Statements |
6 |
to |
10 |
STREATHAM CENTRAL CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2021
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31August2021. 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
Asummaryoftheincomeandexpenditurefortheyearandfinancialpositionattheyearendisprovidedinthe 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
P E Duckworth - Chair (appointed 11/1/21)
A D Bushell (resigned 22/7/21)
Rev A C Lyell
C Osborne
M D Watt (appointed 5/7/21)
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 2021
Approved by order of the board of trustees on 20 June 2022 and signed on its behalf by:
P E Duckworth - 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 2021.
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
24 June 2022
-3-
STREATHAM CENTRAL CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
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/(EXPENDITURE)
Transfers between funds
9
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD |
General
fund
Designated
Restricted
£
£
£
97,539
-
9,035
380
-
-
97,919
-
9,035
2,548
-
-
18,866
-
-
24,421
-
-
46,811
-
-
20,566
-
-
113,212
-
-
(15,293)
-
9,035
6,052
(6,052)
-
(9,241)
(6,052)
9,035
9,241
84,557
-
-
78,505
9,035 |
2021
Total
funds
£
106,574
380
106,954
2,548
18,866
24,421
46,811
20,566
113,212
(6,258)
-
(6,258)
93,798
87,540 |
2020
Total
funds
£
120,174
1,502 |
|
|
|
121,676
11,271
20,134
21,905
49,480
6,304 |
|
|
|
109,094 |
|
|
|
12,582
- |
|
|
|
12,582
81,216 |
|
|
|
93,798 |
The notes form part of these financial statements
-4-
STREATHAM CENTRAL CHURCH
BALANCE SHEET
31 AUGUST 2021
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
Restricted funds
TOTAL FUNDS |
General
fund
Designated
Restricted
£
£
£
10,384
236
9,035
-
78,269
-
10,384
78,505
9,035
(10,384)
-
-
-
78,505
9,035
-
78,505
9,035
-
78,505
9,035 |
2021
Total
funds
£
19,655
78,269
97,924
(10,384)
87,540
87,540
87,540
78,505
9,035
87,540 |
2020
Total
funds
£
19,158
86,807
105,965
(12,167)
93,798
93,798
93,798
93,798
-
93,798 |
|
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon20June2022and were
signed on its behalf by:
P E Duckworth - Trustee
The notes form part of these financial statements
-5-
STREATHAM CENTRAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2021
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)
£
£
748
1,800
18,866
-
24,421
-
46,811
-
20,566
-
111,412
1,800 |
Totals
£
2,548
18,866
24,421
46,811
20,566 |
|
|
113,212 |
-6-
STREATHAM CENTRAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2021
3. SUPPORT COSTS
SUPPORT COSTS |
|
|
Governance |
|
costs |
|
£ |
Administration costs |
1,800 |
Includedingovernancecostsarefees(excludingirrecoverableVAT)of£1,500(2020-£1,500)for the
independentexaminationandpreparationofthefinancialstatements.Theexaminerwaspaidanadditional £280
(2020£379)forotheraccountingservices(excludingirrecoverableVAT),thesecostsbeingincluded in
administrative costs.
4. TRUSTEES' REMUNERATION AND BENEFITS
TheRevACLyell(thePastor,whoisalsoatrusteeofthecharity)receivedasalaryof£25,875(2020- £25,875)
togetherwithpensioncontributionsof£6,000(2020-£6,000)intheperiodandaccomodationwasprovided for
him at a cost of £24,420 (2020 - £21,905).
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'expensespaidfortheyearended31August2021norfortheyear ended
31 August 2020.
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 (2020 - 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
£
£
£
118,974
-
1,200
1,502
-
-
120,476
-
1,200
11,271
-
-
20,134
-
-
21,905
-
-
48,280
-
1,200
6,304
-
-
107,894
-
1,200 |
Total
funds
£
120,174
1,502 |
|
|
121,676
11,271
20,134
21,905
49,480
6,304 |
|
|
109,094 |
-7-
STREATHAM CENTRAL CHURCH
FOR THE YEAR ENDED 31 AUGUST 2021
NOTES TO THE FINANCIAL STATEMENTS - continued
6. |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|
|
|
General |
|
|
|
Total |
|
|
fund |
Designated |
|
Restricted |
funds |
|
|
£ |
£ |
|
£ |
£ |
|
NET INCOME |
12,582 |
|
- |
- |
12,582 |
|
RECONCILIATION OF FUNDS |
|
|
|
|
|
|
Total funds brought forward |
(3,341) |
84,557 |
|
- |
81,216 |
|
TOTAL FUNDS CARRIED FORWARD |
9,241 |
84,557 |
|
- |
93,798 |
7. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
|
|
|
|
2021 |
2020 |
|
|
|
|
|
£ |
£ |
|
Prepayments and accrued income |
|
|
|
19,655 |
19,158 |
8. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
|
|
|
|
2021 |
2020 |
|
|
|
|
|
£ |
£ |
|
Taxation and social security |
|
|
|
805 |
632 |
|
Other creditors |
|
|
|
9,579 |
11,535 |
|
|
|
|
|
10,384 |
12,167 |
9. |
MOVEMENT IN FUNDS |
|
|
|
|
|
|
|
|
Net |
|
Transfers |
|
|
|
|
movement |
|
between |
At |
|
|
At 1/9/20 |
in funds |
|
funds |
31/8/21 |
|
|
£ |
£ |
|
£ |
£ |
|
Unrestricted funds |
|
|
|
|
|
|
General fund |
9,241 |
(15,293) |
|
6,052 |
- |
|
Planting contributions |
84,557 |
- |
|
(6,052) |
78,505 |
|
|
93,798 |
(15,293) |
|
- |
78,505 |
|
Restricted funds |
|
|
|
|
|
|
Restricted income - general |
- |
9,035 |
|
- |
9,035 |
|
TOTAL FUNDS |
93,798 |
(6,258) |
|
- |
87,540 |
-8-
STREATHAM CENTRAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2021
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Incoming |
Resources |
Movement |
resources |
expended |
in funds |
£ |
£ |
£ |
Unrestricted funds |
|
|
General fund
97,919 |
(113,212) |
(15,293) |
Restricted funds |
|
|
Restricted income - general
9,035 |
- |
9,035 |
TOTAL FUNDS
106,954 |
(113,212) |
(6,258) |
Comparatives for movement in funds |
|
|
|
Net |
|
|
movement |
At |
At 1/9/19 |
in funds |
31/8/20 |
£ |
£ |
£ |
Unrestricted funds |
|
|
General fund
(3,341) |
12,582 |
9,241 |
Planting contributions
84,557 |
- |
84,557 |
81,216 |
12,582 |
93,798 |
TOTAL FUNDS
81,216 |
12,582 |
93,798 |
Comparative net movement in funds, included in the above are as follows: |
|
|
Incoming |
Resources |
Movement |
resources |
expended |
in funds |
£ |
£ |
£ |
Unrestricted funds |
|
|
General fund
120,476 |
(107,894) |
12,582 |
Restricted funds |
|
|
Restricted income - general
1,200 |
(1,200) |
- |
TOTAL FUNDS
121,676 |
(109,094) |
12,582 |
Contributionsreceivedtoassistwiththeestablishmentofthechurchhavebeencreditedtoaseparate designated
(Plantingcontributions)reservewhichwillnowbeusedaspartofthedaytodayrunningofthechurch as
established.
-9-
STREATHAM CENTRAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2021
10. RELATED PARTY DISCLOSURES
Exceptasnotedaboveinrelationtotrusteeremunerationandbenefitstherewerenorelatedparty transactions
for the year ended 31 August 2021 nor for the period ended 31 August 2020.
-10-