PERIOD 1[ST] APRIL 2024
TO 31[ST] MARCH 2025 CHARITY NO: 1184975
TRUSTEES’ REPORT AND ACCOUNTS
INDEX TO ACCOUNTS
CONTENTS:
| 2-3 | Charity Information |
|---|---|
| 3-8 | Trustees Report |
| 9 | Independent Examiners Report |
| 10 | Statement of Financial Activities |
| 11 | Balance Sheet as at 31 March 2025 |
| 12-21 | Notes to the Accounts |
| 22 | Detailed Statement of Financial Activities |
| CHARITY INFORMATION | CHARITY INFORMATION |
|---|---|
| STATUS TRUSTEES ELDERS & PASTORS CHURCH OFFICE CHURCH WEBSITES REGISTERED ADDRESS INDEPENDENT EXAMINER BANKERS |
A Charitable Incorporated Organisation (CIO) (Charity Registration No: 1184975) Liam Maxwell (Chair) Steven Thomas Jennifer Richardson [resigned 31 October 2024] Clara Mukuria Timothy May [appointed 31 October 2024] Richard Owen (Lead Elder) Christopher Chart Daniel Maton Blessan Babu Benjamin Gibbins Grant Riley The Jubilee Centre Wilson Road Sheffield S11 8RN www.citychurchsheffield.org.uk The Jubilee Centre Wilson Road Sheffield S11 8RN Stewardship 1 Lamb’s Passage London EC1Y 8AB Virgin Money 157 Bradfield Road Sheffield S6 2LY Redwood Bank The Nexus Building Broadway Letchworth Garden City Hertfordshire SG6 3TA |
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OTHER RELEVANT ORGANISATIONS:
The Evangelical Alliance ChristCentral Churches 186 Kennington Park Road PO Box 7736 London Derby SE11 4BT DE1 0RY
CHARITY HISTORY
The CIO was formed in 20[th] August 2019 and was later merged with City Church Sheffield Trust in June 2020. The Trust was constituted by a Declaration of Trust dated 18 July 1996 and there was a formal change of name from Walkley Baptist Church by Supplemental Deed dated 3 January 1999. The Board of Trustees administers the charity and the Elders are the governing body of the church.
OBJECTIVES OF THE CHARITY
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a) To advance the Christian Faith
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b) To promote the relief of aged persons and persons in conditions of need, hardship or distress
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024
OBJECTS
The primary aims of the CIO are to fulfil the role of a Christian Church in the Sheffield area and to provide help to others in promoting the Christian faith in the United Kingdom and overseas.
THE CHURCH: ITS AIMS AND OBJECTIVES
A church is not a building, but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by Jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for, who by loving and serving Jesus Christ were also committed to love and care for each other and to bring a blessing to the area in which they lived. City Church Sheffield - its trustees, elders and members - are committed to living out these New Testament principles. By doing this, our expectation and experience is that Sheffield is a better place as a result of our activities. In other words, significant public benefit is produced through City Church loving the people of Sheffield and living out what the Bible says. It is not alone in this, as many churches in the area, country and throughout the world are living out their joyful knowledge of Jesus Christ. Our vision is to see many people of Sheffield come into this experience of knowing Jesus as their Lord, Saviour and friend.
City Church Sheffield is a member of the Evangelical Alliance , and has a long-standing supportive relationship with ChristCentral Churches and Newfrontiers : Christian organisations which pursue similar objectives in the UK and overseas.
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Directions relating to the CIO are made by the Trustees, in consultation with the Elders who are responsible for governing the life and teaching of the church. Day to day decisions on expenditure and activities are decided by the staff and volunteers in charge of different areas of the church, with budgets set and monitored by the Trustees. New Trustees are selected from the members of the church so that the Trustee body is wholeheartedly involved in seeing the mission of the church worked out in practice.
On appointment, new Trustees spend time with the existing Trustees to ensure they understand their responsibilities and the legal and financial framework within which the church operates as well as completing relevant training courses, and reading and understanding the induction material that has been prepared for them.
At the end of the financial year, the charity employed 7 members of staff (though it was 8 from September to mid-March) However, the expectation is that every member of the church, whether employed or not, helps make the difference in the church achieving its ‘great commission’. This is done by ‘being salt and light’ amongst the people they interact with every day; by praying, by visiting the sick and supporting others in need, by involvement in training and encouraging others, in public teaching and worship, and also in administration. The financial resources of the church, to a very large extent, are given by the members and their private assets and equipment are regularly used in the work of the church. Much of this work is done privately, without recognition, and the hours and value of that time cannot be quantified.
THE YEAR: ITS OBJECTIVES AND ACHIEVEMENTS
During the year ended 31 March 2025 the main ways the church sought to achieve the calling of Christ upon it and its charitable purposes for the public benefit were:
- Fulfilling the objects in teaching, preaching and showing practical care in the community . This took place both in the normal teaching in Sunday meetings, which are open to all; in midweek meetings for church members; and also by running specific courses to address particular aspects of Christian living, some of which were also open to the wider community; all are provided without charge.
The teaching, preaching and discipleship programmes are primarily aimed to help people develop a lifestyle following the teaching of Christ: to love God and your neighbour as yourself. Our Sunday meetings were in person but we continue to show recordings on YouTube in the days shortly after. We continued to meet monthly in 3 separate sites. These site meetings happen on the first Sunday of the month in Shirecliffe, Hunters Bar and Bradway.
Sunday meetings attract anywhere between 250 and 400 people in person, and online views of the meetings usually have 20-30 views on YouTube, and sermon only videos getting around twice that amount . Those involved in regular midweek meetings through the year amounted to around 250 adults.
- Bringing the love of Christ to the community. This was done by ad hoc “321” courses done in church member’s homes, and regular street evangelism across the city. The street evangelism was done gently by giving out free refreshments alongside a question board enticing conversation about faith.
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Impacting the next generation. Volunteer members of the church have taught and discipled church children and their non-church friends. MiniKidz for under 5s and their parents; Kidz Life for primary school aged children; Dads and Kids – for, dads and their kids! And Bears Camp (for dads and their primary aged children).
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FUEL, our work with 11 to 18 year olds, has helped our youth to engage with God and to reach out to their friends. Students have been taught and encouraged to reach out to their peers at university, and to live out a radical life for Jesus.
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Our 18-25s work thrived this year, gathering up to 50 people to create community, encourage one another, and impact their friends and family with the good news of Jesus.
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Practical help to the community . This has happened in many different ways:
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Food and Stories – Events at the Jubilee Centre attracted around 25 men each time. In all these events the men continue to find common ground in faith and seek truth from stories in the Bible.
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Welcome Boxes – 8 boxes were given out in the last 12 months helping to welcome refugees and asylum seekers placed in Sheffield.
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Welcome Support Group – This has grown and strengthened as it has looked to support women who are asylum seekers or refugees. It has build friendships and supported attendees through the asylum process and building a life in the UK. Up to 12 ladies have attended each week..
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Support Fund - During the financial year there was an income of £5684 given into the existing fund of £7919. There have been 15 successful applications within the year meaning £10,000 was given out.
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Open House (formerly Warm Space) - This year we had up to 12 people attending who were able to have lunch, engage with games, and chat to one another - as well as keeping warm.
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City Church FC - Following the birth of the team in the previous year, we built momentum with our church football team. The team has become affiliated with the FA and had it’s first season in an official FA ran league, finishing 2nd in the table. The main goal is for the team to play in a way that honours Jesus and everyone involved, bringing men together.
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Training and equipping members and Christians from further afield : as a base for ChristCentral’s School of Leadership, we have had the privilege of seeing approximately 85 people trained and equipped in Biblical Theology, some in person but many over Zoom.
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Planting new congregations . The objective for a number of years has been to reach the whole of Sheffield with the good news of Jesus. At the end of the financial year, we sought external support in sharpening our vision to plant new congregations. This will continue into the new financial year.
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Bringing support to churches working in other nations . Through former members relocating, we have connections with churches in Fredericton in Canada, as well as three former members living in the Middle East.
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- Much of the church’s activity and the resultant public benefit takes place in the everyday lives of its members. They have been able to reach out, provide comfort and support to one another, and do the same for their neighbours and work colleagues. This is mostly where the principles of New Testament church life are put into effect, as members apply and share their faith in the places they live and work. This is a major part of the purpose of the church, and the impact that it has. Much of it is done without publicity, and the amount of time spent in this way cannot be easily quantified.
Statement of Public Benefit
The Trustees have complied with the duty under the Charities Acts to have due regard to the public benefit guidance published by the Charity Commission. Our assessment is that the above makes a positive impact on the people of Sheffield and beyond. Between them, the activities listed improve community relationships; help families be more cohesive; increase the level of key skills for church members and clients of our services; alleviate poverty and hunger; as well as train and inspire the next generation to live lives that make a positive impact on society.
PLANS FOR THE NEW YEAR
We continue to plan and pray about increasing the impact of our Sites across the city, including starting church plants in the north and south of the city. We are restructuring our leadership teams in order to help the church be better prepared and able to deal with any future growth. We are also looking at our building, the Jubilee Centre, to consider how it can be better used for the community and for the church.
FINANCIAL & RISK REVIEW
FINANCIAL REVIEW
Overall income for this period was £423,577, comparable with the whole previous financial year (2023-24: £413,827). Expenditure in this period was £494,401, more than £449,113 across the whole previous financial year. As a result, the deficit for the year increased to £70,824 (2023-24: £35,286) and the charity’s net assets decreased by the same amount, to £609,557, of which £598,558 are unrestricted. Net current assets decreased by £58,997 to £62,330, of which £51,154 are unrestricted and can be used for any charitable purpose.
RESERVES
The Trustees have set a policy of retaining reserves sufficient for the foreseeable needs of the Church. Where there is specific capital expenditure foreseen, amounts are set aside into designated funds so the free reserves (General Fund reserves excluding amounts invested in assets for the church’s use) are available to meet the costs of normal running and expansion of the Church and to ensure the Church can meet the commitments that have been entered into. The level of minimum reserves was kept at £45,000 throughout the majority of the financial year however they were depleted beyond the target amount by the end of the financial year. At the year end the unrestricted cash was below the policy level at £33,983. This had been closely monitored and was expected. We did pause some
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non-essential activities but our main mitigation was to undertake a strategic review to re-affirm vision and strategy, and then work out a new staffing structure to deliver that vision. This process was started in March, and will run into the next financial year.
April 2025 onwards:
Since year end, the reserves policy has continued to be implemented through regular finance and governance meetings that were held between the treasurer, operations manager and an elder to identify items that could be removed, reduced or delayed in the budgetary spending. The combined savings for those identified items in May to July were around £8.7k.
The strategic review, initiated by the operational team and supported by the trustees and is still ongoing. Consultancy feedback has been procured and completed and feedback from all members collected and processed. The consultant’s report recommended a re-organisation of staff and leadership, and what became clear by July due to the financial challenges was the need to reduce the staff team. Voluntary redundancy was offered to the four staff elders, and this opportunity was taken by Chris Chart, and enacted at the end of August.
In using the Reserves Policy to help us handle the financial challenges CCS faced, it became clear that some adjustments were necessary in order to make the document more helpful in future. This included an increased lower threshold, and the introduction of a monitoring threshold in order that consideration and action happen sooner. The new policy came into effect on 4[th] December 2025.
Alongside cost reduction, we recognised the need for increased income generation, and this took the form of a Gift Day in October 2025. This resulted in £73,284.07 (including gift aid) being given. Furthermore, month on month giving increased by 8.5% following that against a forecast of 5%. The charity’s financial position is now more robust and healthier as it works towards increasing the reserves and continuing its work to advance the Christian faith and provide relief to those in need.
GRANT MAKING POLICY
Gifts to external organisations and individuals are considered by the Trustees on the basis of need and fulfilment of the charitable objectives. There are no upper or lower limits of support. Much of this is done through the Support Fund and its established process and checks (see above for more information).
RISK MANAGEMENT
All major insurable risks are subject to normal Churches and employers’ insurance. Contractual risks are reviewed before being entered into, to assess that they could not significantly impact upon the Churches ability to fulfil its objectives. Risks are reviewed on a quarterly basis by the Trustees in conjunction with staff and volunteers responsible for the area of activity. When a new project starts, a specific risk assessment is completed and fed into the wider risk management process, as well as annual review of key projects’ risk registers. We have specific processes and teams in place for key risk areas such as Safeguarding, and Health and Safety. We have external input and support from ThirtyOne:Eight on Safeguarding, and broader support from Stewardship on many issues including Risk Management.
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STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources for the financial year. In preparing these financial statements, the trustees are required to: -
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Select suitable accounting policies and apply them consistently;
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Observe the methods and principles in the Charities SORP;
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Make judgements and estimates that are reasonable and prudent;
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State whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Board of Trustees and signed on its behalf
on: Jan 10, 2026
Liam Maxwell by: Liam Maxwell (Jan 10, 2026 07:38:31 GMT)
LIAM MAXWELL (CHAIR OF TRUSTEES)
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INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
CITY CHURCH SHEFFIELD ('the Charity')
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 March 2025 on pages 10 to 22 following, which have been prepared on the basis of the accounting policies set out on pages 12 to 14.
Responsibilities and basis of report
As the charity’s trustees of the Charitable Incorporated Organisation 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 Charity’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
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of Scotland, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
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.
Archie McDowall
Archie McDowall (Jan 12, 2026 12:12:00 GMT)
Archie McDowall BA CA Institute of Chartered Accountants of Scotland Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: Jan 12, 2026
Page 9
CITY CHURCH SHEFFIELD
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
| Note INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities 4 Investments 5 Total income and endowments EXPENDITURE ON: Charitable activities 6 Total expenditure Net gains/(losses) on investments Net income/(expenditure) Transfers between funds 15 Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 15 |
Unrestricted Funds £ 384,509 14,488 2,126 401,123 469,785 469,785 - (68,662) - (68,662) 667,219 598,558 |
Restricted Funds £ 11,682 10,772 - 22,454 24,616 24,616 - (2,162) - (2,162) 13,338 11,176 |
Total Funds 2025 £ 396,191 25,260 2,126 423,577 494,401 494,401 - (70,824) - (70,824) 680,557 609,733 |
Total Funds 2023 £ 388,195 20,653 4,979 |
|---|---|---|---|---|
| 413,827 | ||||
| 449,113 | ||||
| 449,113 | ||||
| - | ||||
| (35,286) - |
||||
| (35,286) 715,843 |
||||
| 680,557 |
Rounding Differences of £1 may appear in these accounts
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The notes on page 12-21 form part of these accounts.
Page 10
CITY CHURCH SHEFFIELD
BALANCE SHEET
AS AT 31 MARCH 2025
| Note FIXED ASSETS Tangible assets 9 CURRENT ASSETS Stock 10 Debtors 11 Cash at bank and in hand 12 CREDITORS: Amounts falling due within one year 13 Net current assets / (liabilities) TOTAL NET ASSETS FUND BALANCES 15 Unrestricted Funds General funds Designated funds Restricted Funds |
Unrestricted Funds £ 551,895 551,895 30 17,142 33,983 51,154 (4,491) 46,663 598,558 585,129 13,430 598,558 - 598,558 |
Restricted Funds £ - - - 4,403 6,772 11,175 - 11,175 11,175 - - - 11,175 11,175 |
Total Funds 2025 £ 551,895 551,895 30 21,544 40,755 62,330 (4,491) 57,838 609,733 585,129 13,430 598,558 11,175 609,733 |
Total Funds 2023 £ 572,947 |
|---|---|---|---|---|
| 572,947 | ||||
| 45 19,335 101,948 |
||||
| 121,327 (13,717) |
||||
| 107,610 | ||||
| 680,557 | ||||
| 634,786 32,434 |
||||
| 667,219 13,338 |
||||
| 680,557 |
Rounding Differences of £1 may appear in these accounts
The financial statements were approved by the Board of Trustees and were signed on its behalf by:
Liam Maxwell
Liam Maxwell (Jan 10, 2026 07:38:31 GMT)
LIAM MAXWELL (CHAIR OF TRUSTEES)
Jan 10, 2026
Date: _______
Charity number: 1184975
The notes on page 12-21 form part of these accounts.
Page 11
CITY CHURCH SHEFFIELD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
1 Statutory Information
The charity is a charitable incorporated organisation] registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.
2 Accounting Policies
These financial statements are prepared on a going concern basis, under the historical cost convention.
These financial statements 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) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.
The principles adopted in the preparation of the financial statements are set out below.
a) Going concern
The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
- b) Income
Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations and legacies includes:
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i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
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ii) Donated facilities, services and goods. Goods donated for distribution to beneficiaries are recognised as income when receivable at fair value (being an estimate of the amount it would cost to purchase those items). Facilities, services and goods donated for the charity's own use are recognised as income when receivable at their value to the charity.
The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.
- iii) Legacies. Income from legacies is recognised when a distribution is received from the estate or, if earlier, when the charity has been notified that a distribution will be made and the amount receivable can be measured reliably.
Page 12
CITY CHURCH SHEFFIELD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
2 Accounting Policies (continued)
Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.
Investment income represents income generated by the charity's assets and includes income from bank interest.
c) Expenditure
- Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured
li bl
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
The cost of raising funds is not significant and has not been separately disclosed.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
d) Fund accounting
- General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.
e) Tangible fixed assets
- Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:
Freehold land and buildings Over 50 years after taking account of the building's residual value Fixtures, Fittings and Equipment Over 5 years
The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.
f) Stocks
Stocks of donated items held for distribution to beneficiaries are measured at fair value.
g) Pension scheme arrangements
- The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
h) Taxation
The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
Page 13
CITY CHURCH SHEFFIELD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
2 Accounting Policies (continued)
i) Financial instruments
The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).
j) Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
k) Critical accounting estimates and areas of judgement
ln preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recognised in the financial statements. The trustees consider the following to be significant:
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i) The annual depreciation charge for property, plant and equipment is sensitive to changes in the estimates for useful economic life and residual value. These estimates are reassessed annually and, when necessary, adjusted to reflect current circumstances.
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ii) The valuation of donations in kind relies upon the estimates made of the fair value of items given for onward distribution.
3 Donations and legacies
| Donations of cash and similar Donations in kind (note 3a) Other grants receivable Income tax recoverable a Donations in kind comprise: Goods donated for: Distribution to beneficiaries 4 Income from charitable activities Church retreats and events Reimbursement for services provided to Christ Central Churches Income for rental of premises Other income 5 Investment income Bank interest |
2025 £ 330,540 60 3,255 62,336 396,191 2025 £ 60 60 2025 £ 13,387 8,388 2,743 742 25,260 2025 £ 2,126 2,126 |
2023 £ 324,233 15 - 63,947 |
|---|---|---|
| 388,195 | ||
| 2023 £ 15 |
||
| 15 | ||
| 2023 £ 9,507 8,430 2,717 - |
||
| 20,653 | ||
| 2023 £ 4,979 |
||
| 4,979 |
Page 14
CITY CHURCH SHEFFIELD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
6 Charitable expenditure
| a Costs incurred directly on specific activities Salaries Staff expenses Ministry support Conferences & subscriptions Church events Pastoral fund Distribution of donated goods Grants payable (note 8c) b Costs incurred on support & administration Governance costs Independent examiner's fee Other Water & insurance Cleaning & janitorial Heat, light & phone Postage & stationery Repairs Sundries Depreciation Catering & refreshments Literature, music & promotional Equipment Total expenditure |
2025 £ 315,847 4,090 1,862 24,034 4,193 8,975 75 359,076 32,448 391,524 2,760 210 2,970 6,986 4,991 16,385 850 30,970 7,262 21,052 7,516 586 3,309 102,878 494,401 |
2023 £ 280,341 6,020 821 25,130 969 7,740 45 |
|---|---|---|
| 321,066 45,787 |
||
| 366,853 | ||
| 3,420 448 |
||
| 3,868 6,050 4,272 14,721 1,523 12,882 3,690 21,397 8,470 655 4,733 |
||
| 82,260 | ||
| 449,113 |
The fee payable to the independent examiner for preparing and examining the accounts was £2,760 (2024: £3,420); in addition the charity paid £210 (2024: £200) to Stewardship for consultancy services.
Page 15
CITY CHURCH SHEFFIELD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
6 Charitable expenditure (continued)
c Grants payable
| Grants for UK and overseas mission The comparatives for the previous year are as follows: Grants for UK and overseas mission The charity's principal grants to institutions comprised: Christ Central Churches Stepping Stones New Day Grants to institutions for less than £1,000 each |
Institutions £ 32,448 32,448 Institutions £ 40,787 40,787 |
Individuals £ - - Individuals £ 5,000 5,000 2025 £ 26,273 6,025 - 150 32,448 |
2025 £ 32,448 |
|---|---|---|---|
| 32,448 | |||
| 2023 £ 45,787 |
|||
| 45,787 | |||
| 2023 £ 32,387 6,025 1,500 875 |
|||
| 40,787 |
7 Analysis of staff costs, the cost of key management personnel and trustee remuneration
The average monthly number of employees during the year was 8 (2024: 7). Most of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
The charity's key management comprise the trustees, the Elders, the Church Administrator and the Treasurer and the key staff named on the Charity Information page.
During the year key management received employment benefits totalling £238,644 (2024: £234,020).
No trustees received employment benefits in either the current or preceding year.
8 Acting as agent
On occasion the charity receives money on behalf of other charities and individuals, which it banks and then pays. This income is received as agent for these other charities and the income, and the related payments, are excluded from the Statement of Financial Activities; any money that has not been distributed by the year end is recognised as a creditor.
During the year the charity acted as agent for individuals in need within the church and, in that capacity:
a) received £10,800 (2024: £8,820) and paid £19,220 (2024: £400)
b) at the year end the charity owed £nil (2024: £8,420) in agency balances.
Page 16
CITY CHURCH SHEFFIELD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
9 Tangible fixed assets
| Cost At 1 April 2023 Additions At 31March 2024 Accumulated depreciation At 1 April 2023 Charge for the year At 31March 2024 Net book value At 31March 2024 At 31 March 2023 Stock Donated goods For distribution to beneficiaries Debtors Tax recoverable Other debtors Prepayments and accrued income Cash at Bank and in Hand Cash at bank with immediate access Notice deposits (with a term of three months or less) Petty cash |
Freehold Property £ 950,776 - 950,776 382,779 19,016 401,795 548,981 567,997 |
Fixtures & fittings £ 146,661 - 146,661 146,661 - 146,661 - - |
Equipment £ 26,305 - 26,305 21,354 2,036 23,390 2,914 4,950 2025 £ 30 30 2025 £ 16,373 3,568 1,603 21,544 2025 £ 18,210 22,514 31 40,755 |
Total 2025 £ 1,123,742 - |
|---|---|---|---|---|
| 1,123,742 | ||||
| 550,795 21,052 |
||||
| 571,846 | ||||
| 551,895 | ||||
| 572,947 | ||||
| 2023 £ 45 |
||||
| 45 | ||||
| 2023 £ 15,558 1,908 1,869 |
||||
| 19,335 | ||||
| 2023 £ 60,561 41,335 51 |
||||
| 101,948 |
10 Stock
11 Debtors
12 Cash at Bank and in Hand
Page 17
CITY CHURCH SHEFFIELD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
13 Creditors: liabilities falling due within one year
| itors: liabilities falling due within one year | ||
|---|---|---|
| Trade creditors Accruals |
2025 £ 1,731 2,760 4,491 |
2023 £ 10,297 3,420 |
| 13,717 |
14 Pension commitments
During the year employer’s pension contributions totalling £26,422 (2024: £23,765) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2024: £nil).
15 Funds
During the year the movements in the charity's funds were as follows:
| Designated Funds Major Improvements Site Fund Stepping Stones City Church FC General Unrestricted Funds Total Unrestricted Funds Restricted Funds Christ Central Churches Newday main event Support Fund Community assistance Zambia Fund Bears Camp Aggregate of funds |
Opening balance 2025 £ 28,271 4,163 - - 32,434 634,786 667,219 - - 12,476 282 225 355 13,338 680,557 |
Incoming resources 2025 £ - - - 3,688 3,688 397,435 401,123 1,773 5,585 5,409 - 4,500 5,187 22,454 423,577 |
Outgoing resources 2025 £ (19,544) - (6,025) (3,148) (28,718) (441,067) (469,785) (1,773) (3,912) (8,975) (20) (4,500) (5,437) (24,616) (494,401) |
Transfers in the year 2025 £ - - 6,025 - 6,025 (6,025) - - - - - - - - - |
Gains and losses 2025 £ - - - - - - - - - - - - - - |
Closing balance 2025 £ 8,726 4,163 - 540 |
|---|---|---|---|---|---|---|
| 13,430 585,128 |
||||||
| 598,558 | ||||||
| - 1,673 8,910 262 225 105 |
||||||
| 11,175 | ||||||
| 609,733 |
Page 18
CITY CHURCH SHEFFIELD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
15 Funds (continued)
Analysis of net assets by fund
The assets and liabilities of the various funds were as follows:
| General Designated funds funds £ £ Tangible fixed assets 551,895 - Stock 30 - Debtors 17,142 - Cash at bank and in hand 20,553 13,430 Creditors falling due within one year (4,491) - 585,129 13,430 In the previous year the movements in the charity's funds were as follows: Opening Incoming Outgoing Transfers balance resources resources in the year 2023 2023 2023 2023 £ £ £ £ Designated Funds Major Improvements 27,328 - (5,557) 6,500 Site Fund 6,423 - (2,260) - Stepping Stones - - (6,025) 6,025 33,751 - (13,842) 12,525 General Unrestricted Funds 667,956 388,975 (408,874) (13,271) Total Unrestricted Funds 701,707 388,975 (422,716) (746) Restricted Funds Christ Central Churches - 5,687 (5,687) - Newday main event (604) 3,420 (3,563) 746 Support Fund 14,794 5,423 (7,740) - Community assistance 327 - (45) - Zambia Fund 225 4,500 (4,500) - Bears Camp (605) 5,822 (4,862) - 14,137 24,852 (26,397) 746 Aggregate of funds 715,843 413,827 (449,113) - Unrestricted Funds |
Restricted funds £ - - 4,403 6,772 - 11,175 Gains and losses 2023 £ - - - - - - - - - - - - - |
2025 £ 551,895 30 21,544 40,755 (4,491) |
|---|---|---|
| 609,733 | ||
| Closing balance 2023 £ 28,271 4,163 - |
||
| 32,434 634,786 |
||
| 667,219 | ||
| - - 12,476.10 282 225 355.02 |
||
| 13,338 | ||
| 680,557 |
Page 19
CITY CHURCH SHEFFIELD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
15 Funds (continued)
Analysis of net assets by fund
In the previous year, the assets and liabilities of the various funds were as follows:
| Tangible fixed assets Stock Debtors Cash at bank and in hand Creditors falling due within one year |
General Designated funds funds £ £ 572,947 - 45 - 15,916 - 59,595 32,434 (13,717) - 634,786 32,434 Unrestricted Funds |
Restricted funds £ - - 3,419 9,918 - 13,338 |
2023 £ 572,947 45 19,335 101,948 (13,717) |
|---|---|---|---|
| 680,557 |
Designated Funds
The Major Improvements Fund
Acts as a regular internal savings account for major building works.
The Site Fund
Acts as a regular internal savings account for general site maintenance and equipment replacement.
Stepping Stones
Supporting the Asha project, which runs HIV/AIDS clinics/support in Mumbai, India. Asha is part of Stepping Stones Charitable Society. This was previously a restricted fund, but no longer receives any specific income.
City Church FC
A church football team which brings people in Sheffield together. Participant income is used to cover the costs for pitch hire, referee payment, and new equipment.
Restricted Funds
Event Funds
Separate restricted funds are used to record income/expenditure relating to specific events (ie Bears’ Camp, Church Weekend Away, Student Weekend Away, Newday Main Event and Newday Leaders’ Weekend). These are events are primarily run on a cost-recovery basis. Any shortfall in event costs are reimbursed by way of a transfer from the General Fund unless it is not material and anticipated to be cleared from receipts during the forthcoming financial year.
Christ Central Churches
A special collection to support the work of Christ Central Churches
Support Fund
Money raised so those in financial need can apply for small grants and loans. This originally started from the impact of Covid 19 but is still in use.
Community Assistance Fund
Helping members of the local community with small grants to assist with tavel to and from charity activities.
Zambia
Supporting out reach work in Zambia. The money raised is given to Christ Central Churches who orchestrate the work.
Page 20
CITY CHURCH SHEFFIELD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
16 Transactions with related parties
-
During the year the charity:
-
a) received donations totalling £48,570 (2024: £40,176) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
-
b) no expenses (2024: £nil) were paid to, or for, the trustees in relation to their duties as a trustee; reimbursements for expenses incurred when acting as agent for the charity or incurred when undertaking employment duties not connected with serving as a trustee are not included in this disclosure.
Except as disclosed in note 7 'Analysis of staff costs', there have been no other transactions with related parties during the year.
Page 21
CITY CHURCH SHEFFIELD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES
FOR THE YEAR ENDED 31 MARCH 2025
| Note INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities 4 Investments 5 Total income and endowments EXPENDITURE ON: Charitable activities: 6 Total Expenditure Net gains/(losses) on investments Net income/(expenditure) Transfers between funds 15 Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 15 |
General 2025 £ 384,509 10,800 2,126 397,435 441,067 441,067 - (43,632) (6,025) (49,657) 634,786 585,128 Unrestric |
Unrestric | Designated 2025 £ - 3,688 - 3,688 28,718 28,718 (25,029) 6,025 (19,004) 32,434 13,430 ted funds |
Restricted 2025 £ 11,682 10,772 - 22,454 24,616 24,616 (2,162) - (2,162) 13,338 11,176 |
Total 2025 £ 396,191 25,260 2,126 423,577 494,401 494,401 - (70,824) - (70,824) 680,557 609,733 |
General 2023 £ 363,343 20,653 4,979 388,975 408,874 408,874 - (19,899) (13,271) (33,170) 667,956 634,786 Unrestric |
Unrestric | Designated 2023 £ - - - - 13,842 13,842 (13,842) 12,525 (1,317) 33,751 32,434 ted funds |
Restricted 2023 £ 24,852 - - 24,852 26,397 26,397 (1,545) 746 (799) 14,137 13,338 |
Total 2023 £ 388,195 20,653 4,979 413,827 449,113 449,113 - (35,286) - (35,286) 715,843 680,557 |
|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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