REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 FOR STREATHAM CENTRAL CHURCH STREATHAM CENTRAL CHURCH. Registered Charity Number: 1181886 1 ## Report of the Trustees The trustees present their report with the financial statements of the charity for the year ended 31 August 2024. ## Objectives & Activities ## Aims The objectives of the charity are the advancement of the Christian faith in accordance with the basis of faith, primarily but not exclusively within Streatham and the surrounding neighbourhoods; and such other charitable purposes as shall, 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 When planning our activities for the year, the trustees have considered the guidance of the Charity Commission in relation to providing public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. ## Structure, Governance & Management The charity is constituted as a Charitable Incorporated Organisation, governed by the constitution adopted by its members on 6th February 2019 and approved by the Charity Commission on the same date. The charity is governed by its trustees who are appointed for a term of three years and, apart from the initial trustees, are elected by a vote of the existing trustees. A copy of our constitution is available on request. ## Our principal address 45 Pendennis Road, Streatham, London. SW16 2SR ## Our Trustees P E Duckworth - Chair Rev A C Lyell M L Simpson M D Watt STREATHAM CENTRAL CHURCH. Registered Charity Number: 1181886 2 ## **Independent Examiner’s Report to the Trustees of Streatham Central Church** I report on my examination of the accounts for the year ended 31 August 2024 which are set out on pages 4 to 11. ## **Responsibilities and basis of report** As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Church’s accounts carried out under section 145 of the Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention, other than that disclosed below, in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or · the accounts did 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. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: JVL Carr Lesley J V Carr, FCCA 32 Wychwood Avenue Thornton Heath, CR7 8AQ 27 June 2025 ## Streatham Central Church Statement of Financial Activities For the year ended 31 August 2024 |Note
INCOME AND ENDOWMENTS
Voluntary income
2(a)
Income from church activities
2(b)
TOTAL INCOME AND ENDOWMENTS
EXPENDITURE
Church activities
3(a)
Other expenditure
3(b)
TOTAL EXPENDITURE
NET INCOME / (EXPENDITURE)
Unrealised gain on Investments
SURPLUS / (DEFICIT) FOR THE YEAR
BALANCES BROUGHT FORWARD AT 1 Sept 2023
PRIOR YEAR ADJUSTMENTS
BALANCES CARRIED FORWARD AT 31 Aug 2024|UnrestricteRestricted TOTAL
TOTAL
Funds
Funds
FUNDS
FUNDS
2024
2023
£
£
£
£
137,049
13,885
150,934
168,826
759
1,083
1,842
0
**137,808**
**14,968**
**152,776**
**168,826**
116,505
12,951
129,456
115,084
15,208
1,228
16,436
11,607
**131,714**
**14,178**
**145,892**
**126,691**
6,094
789
6,884
42,135
0
0
0
0
6,094
789
6,884
42,135
280,877
8,516
289,393
91,256
-395
-1021
-1,416
156002
**286,577**
**8,284**
**294,861**
**289,393**| |---|---| ## Streatham Central Church Balance Sheet as at 31 August 2024 |**Note**
**FIXED ASSETS**
Land and buildings
4
**CURRENT ASSETS**
Debtors
8
Cash at Bank
Pleo card account
**LIABILITIES: AMOUNTS FALLING DUE**
**WITHIN ONE YEAR**
Creditors and accruals
9
**Net current assets**
9
**NET ASSETS (LIABILITIES)**
**FUNDS**
Unrestricted
10
Restricted
10
Revaluation Reserve
Approved by the Trustees and signed on their behalf by:
Name
Date:
Creditors: amounts falling due after one year
Alexander Lyell (Jun 26, 2025 17:58 GMT+1)|**2024**
£
£
479,620
22,007
55,307
75
77,388
9,666
67,721
151,665
**395,677**
286,577
8,284
100,816
**395,677**
Name
MATTHEW SIMPSON|**2023**
£
£
479,620
23,900
66,428
0
90,328
6,408
83,920
173,331
**390,209**
280,877
8,516
100,816
**390,209**|**2023**
£
£
479,620
23,900
66,428
0
90,328
6,408
83,920
173,331
**390,209**
280,877
8,516
100,816
**390,209**| |---|---|---|---| |||(Jun 26, 2025|22:31 GMT+1)| Streatham Central Church Notes to the Financial Statements For the year ended 31 August 2024 ## **1. Accounting policies** ## a **Basis of preparation** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## b ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. 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. c ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. d ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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 resources. e **Taxation** The charity is exempt from tax on its charitable activities. ## f ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. g ## **Fixed Assets** Land and buildings relates to a shared equity property (Pendennis Road) purchased in conjunction with Co-Mission Churches Trust. The addition in the year ended 31 August 2022 represents an additional contribution from the Streatham Central Church. However, the asset was not shown in previous years' accounts and this error was corrected in the year ended 31 August 2023. ## Streatham Central Church Notes to the Financial Statements For the year ended 31 August 2024 ## **2. INCOME AND ENDOWMENTS** |**2. INCOME AND ENDOWMENTS**||||| |---|---|---|---|---| ||**Unrestricted **|**Restricted**|**TOTAL**|**TOTAL**| ||**Funds**|**Funds**|**FUNDS**|**FUNDS**| ||||**2024**|**2023**| ||£|£|£|£| |2(a) Voluntary income||||| |Planned giving|115,742|0|115,742|129,274| |Donations and legacies|0|13,740|13,740|5,505| |Gift aid receivable|21,307|0|21,307|23,379| |Special appeals|0|0|0|10,668| |Other income|0|145|145|0| ||137,049|13,885|150,934|168,826| |2(b) Income from church activities||||| |Interest received|759|0|759|0| |Other income|0|1,083|1,083|0| ||759|1,083|1,842|0| |**TOTAL INCOME AND ENDOWMENTS**|**137,808**|**14,968**|**152,776**|**168,826**| Streatham Central Church Notes to the Financial Statements For the year ended 31 August 2024 ## **3. EXPENDITURE** |**3. EXPENDITURE**||||| |---|---|---|---|---| ||**Unrestricted**|**Restricted**|**TOTAL**|**TOTAL**| ||**Funds**|**Funds**|**FUNDS**|**FUNDS**| ||||**2024**|**2023**| ||£|£|£|£| |3(a) Church activities||||| |Missionary and charitable giving:||||| |Overseas:||||| |Compassion UK|0||0|6,777| |Home:||||| |Beacon Church|1716||1,716|1,668| |FIEC|504||504|480| |Grace Church|0||0|24| |London City Mission|1560||1,560|1,668| |Love Streatham|275||275|300| |Options Wimbledon|550||550|600| |Relief in Need|0|232|232|824| |Wages and pension costs|4605
65461|232
12719|4837
78,180|12341
73,158| |Venue hire|16505|0|16,505|13,163| |Church running|3506|0|3,506|2,629| |Ministry Expenses|548|0|548|0| |Service expenses|268|0|268|282| |Education and training costs|1184|0|1,184|1,327| |Youth activities|1550|0|1,550|1,645| |Printing, stationery and publicity|2503|0|2,503|1,098| |Co-Mission Initiative Trust membership|12668|0|12,668|0| |Independent examiner's fee|1650|0|1,650|2,101| |Other professional fees|6056|0|6,056|7,339| ||116,505|12,951|129,456|115,084| |3(b) Other expenditure||||| |Staff housing costs|5,955|0|5,955|5,178| |Bank Charges|102|0|102|102| |Social events|3,101|1,083|4,184|3,580| |Weekend and away days|5,459|0|5,459|2,266| |Moveable furniture and equipment|592|145|737|481| ||15,208|1,228|16,436|11,607| |**TOTAL EXPENDITURE**|**131,714**|**14,178**|**145,892**|**126,691**| Streatham Central Church Notes to the Financial Statements For the year ended 31 August 2024 ## **4 Land and Buildings** |Cost or valuation at 1 September 2023
Prior year adjustments for understatement of valuation
Additions
Revaluations|**2024**
2023
**£**
£
479,620
27,804
0
451,816
0
0
479,620
479,620
0
0
**479,620**
**479,620**| |---|---| ## **5 Trustees remuneration and benfits** The Rev A C Lyell (the Pastor, who is also a trustee of the charity) received a salary of £14,976 (2023 - £14,400) together with pension contributions of £3,744 (2023 - £3,600) in the period and accomodation was provided for him at a cost of £5,955 (2023 - £5,178). P Duckworth received remuneration in relation to services provided other than as a trustee amounting to £17,855 (2023 £14,000) and pension contributions of £1,786 (2023 £1,400) Such payments are permitted under the constitution of the charity and no remuneration was paid to them in relation to their role as trustees. No other trustees received remuneration or benefits in kind from the charity. ## **6 Prior year adjustments** The purchase of the property at Pendennis Road and the related loans were not reflected in previous years' accounts. Adjustments were brought inlast year to reflect the value based on a revaluation done in 2021 and an extra contribution made in 2022. There were also adjustments made in this accounting year to the gift aid calculated as receivable in the year ended 31 August 2023. ## **7 Analysis of Net assets by fund** |Land and buildings
Debtors
Bank Current a/c
Pleo card a/c
Creditors due within 1 year
Creditors due after more than 1 year
Revaluation Reserve|Unrestricted Restricted
Funds
Funds
£
£
479,620
0
22,007
0
47,023
8,284
75
0
(9,666)
0
(151,665)
0
(100,816)
0
**286,577**
**8,284**|**Total Funds Total Funds**
**2024**
**2023**
**£**
**£**
479,620
479,620
22,007
23,900
55,307
66,428
75
0
(9,666)
(6,408)
(151,665)
(173,331)
(100,816)
(100,816)
**294,861**
**289,393**| |---|---|---| ## **8 Debtors & Prepayments** |Income Tax recoverable
Prepayments
**Creditors: amounts falling due within one year**
Creditors
Accruals
**Creditors: amounts falling due after more than one year**
Unsecured Loans|**2024**
**2023**
**£**
£
21307
23379
700
521
**22,007**
**23,900**
**2024**
**2023**
**£**
£
9666
6,348
0
60
**9,666**
**6,408**
**2024**
**2023**
151,665
173,331| |---|---| - **9 Creditors: amounts falling due within one year** Streatham Central Church Notes to the Financial Statements For the year ended 31 August 2024 ## **10 Statement of funds** |**Unrestricted Funds**
General Account
**Restricted Funds**
Salary for community outreach worker
Baptistry Pool
Easter Event
Weekend/Away Day
Relief in Need
**Total funds**|**Bal b/fwd**
**Prior Year**
**Revaluation Bal c/fwd**
**01-Sep-23 Adjustments Additions Income Expenditure Gains/**
**31-Aug-24**
**Losses**
£
£
£
£
£
£
280877
-395
137808
-131714
286577
280877
-395
0
137808
-131714
0
286577
0
-1021
0
13,740
-12,719
0
0
0
0
145
-145
0
0
0
0
443
-443
0
0
0
0
640
-640
0
8516
0
0
0
-232
8284
8516
-1021
0
14968
-14178
0
8284
**289393**
**-1416**
**0**
**152776**
**-145892**
**0**
**294861**| |---|---| ## SCC Accounts year ended 31 August 2024 Final Audit Report 2025-06-26 Created: 2025-06-26 By: Penny Duckworth (penny@streathamchurch.com) Status: Signed Transaction ID: CBJCHBCAABAAnleTXqpNPhpJlAWPtntcUWdNWqrWlW9h ## "SCC Accounts year ended 31 August 2024" History Document created by Penny Duckworth (penny@streathamchurch.com) 2025-06-26 - 4:49:27 PM GMT Document emailed to alex@streathamchurch.com for signature 2025-06-26 - 4:51:03 PM GMT ## Email viewed by alex@streathamchurch.com 2025-06-26 - 4:57:43 PM GMT - Signer alex@streathamchurch.com entered name at signing as Alexander Lyell 2025-06-26 - 4:58:25 PM GMT Document e-signed by Alexander Lyell (alex@streathamchurch.com) Signature Date: 2025-06-26 - 4:58:27 PM GMT - Time Source: server Document emailed to mattlsimp@gmail.com for signature 2025-06-26 - 4:58:30 PM GMT Email viewed by mattlsimp@gmail.com 2025-06-26 - 9:28:51 PM GMT Signer mattlsimp@gmail.com entered name at signing as MATTHEW SIMPSON 2025-06-26 - 9:31:09 PM GMT Document e-signed by MATTHEW SIMPSON (mattlsimp@gmail.com) Signature Date: 2025-06-26 - 9:31:11 PM GMT - Time Source: server Agreement completed. 2025-06-26 - 9:31:11 PM GMT