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2020-12-31-accounts

Annual Report and Financial Statements

for the period from 28 August 2019 to 31 December 2020

Centre Church

Charity registration number: 1185070

Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

CENTRE CHURCH

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 16

CENTRE CHURCH

Reference and Administrative Details

Trustees Phillida Bennett Tyler Evenson Graham Olive Joy Dawes Principal Office 180 Leylands Road Burgess Hill West Sussex RH15 8HS Charity Registration 1185070 Number Independent Examiner Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF Bankers HSBC 50 Church Road Burgess Hill West Sussex RH15 9AE

Page 1

CENTRE CHURCH

Trustees' Report

The Trustees present the annual report together with the financial statements of the charity for the period ended 31 December 2020.

Structure, governance and management

Nature of governing document

Centre Church registered as a Charitable Incorporated Organisation (CIO), number 1185070, on 28 August 2019.

Recruitment and appointment of Trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the constitution.

Organisational structure

The day to day running of the church and all decision-making has been done by the Church Council.

Risk management

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Objectives and activities

Objects and aims

The main object is the advancement of the Christian faith.

Public benefit

The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Achievements and performance

Review of activities

In 2020, much of the normal services, ministries and outreaches of the church took on a different form due to Covid-19. From the end of March, most of the programmes carried on through various online platforms. When the church was not permitted to meet in person, the Sunday services and the 511 Kidz programme were live streamed over YouTube and Facebook. The midweek Life Groups, prayer meetings, the Net, Alpha and Healing Room continued over Zoom.

In July, the church returned to in-person Sundays services with socially distancing along with the other Covid-19 safety measures the government had required. Two additional Sunday services were added each Sunday to accommodate more people returning to the church building with the reduced seating capacity. Services continued to be live streamed for those not able to attend in person.

Page 2

CENTRE CHURCH

Trustees' Report

The community café in the foyer of the church remained closed for much of the year due to the Covid restrictions. When it was possible to open, added safety measures were implements so it could safely open to the public.

During 2020, no foreign trips could be taken to the various missionaries the church supports due to the travel restrictions that were in force.

Financial review

Income for the year amounted to £154,327 and expenditure £148,768, resulting in a surplus of £5,559. This was added to the funds transferred from the unincorporated charity leaving a fund balance of £148,674 at the year end, of which £135,156 were unrestricted reserves.

Policy on reserves

It is the Charity's policy to maintain at least one month's unrestricted reserves in the bank account to cover the essential administrative and general costs.

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.

Page 3

CENTRE CHURCH

Trustees' Report

Statement of Trustees' Responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

The law applicable to charities requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

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, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The Trustees 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.

The annual report was approved by the Trustees of the charity on 30 September 2021 and signed on its behalf by:

..................................... ..................................... .........................................
Phillida Bennett Tyler Evenson Graham Olive
Trustee Trustee Trustee
.....................................
Joy Dawes
Trustee

Page 4

CENTRE CHURCH

Independent Examiner's Report to the Trustees of Centre Church

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 6 to 16.

Respective responsibilities of Trustees and examiner

As the charity’s Trustees of Centre Church 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 Centre Church's accounts carried out under section 145 of the 2011 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 in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of Centre Church 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 accounting 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.

...................................... G W Schulz ACMA

Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF

30 September 2021

Page 5

CENTRE CHURCH

Statement of Financial Activities for the Period from 28 August 2019 to 31 December 2020

Note
Unrestricted
funds
£
Income and Endowments from:
Donations and legacies
2
131,637
Other trading activities
3
4,720
Investment income
4
6
Total income
136,363
Expenditure on:
Raising funds
5,737
Charitable activities
5
128,419
Total expenditure
134,156
Net income
2,207
Transfer from unincorporated charity
132,949
Net movement in funds
135,156
Reconciliation of funds
Total funds carried forward
12
135,156		 Restricted
funds
£
11,850
6,114
-
17,964
2,661
11,951
14,612
3,352
10,166
13,518
13,518		 Total
31
December
2020
£
143,487
10,834
6
154,327
8,398
140,370
148,768
5,559
143,115
148,674
148,674

The notes on pages 8 to 16 form an integral part of these financial statements. Page 6

CENTRE CHURCH

Balance Sheet as at 31 December 2020

Note
Fixed assets
Tangible assets
8
Current assets
Debtors
9
Cash at bank and in hand
Creditors: Amounts falling due within one year
10
Net current assets
Net assets
Funds of the charity:
Restricted income funds
Restricted funds
Unrestricted income funds
Unrestricted funds
Total funds
12		 2020
£
126,853
1,765
21,701
23,466
(1,645)
21,821
148,674
13,518
135,156
148,674

The financial statements on pages 6 to 16 were approved by the Trustees, and authorised for issue on 30 September 2021 and signed on their behalf by:

..................................... ..................................... ......................................... Phillida Bennett Tyler Evenson Graham Olive Trustee Trustee Trustee

..................................... Joy Dawes Trustee

The notes on pages 8 to 16 form an integral part of these financial statements. Page 7

CENTRE CHURCH

Notes to the Financial Statements for the Period from 28 August 2019 to 31 December 2020

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Centre Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Gift aid

Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.

Page 8

CENTRE CHURCH

Notes to the Financial Statements for the Period from 28 August 2019 to 31 December 2020

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Tangible fixed assets

Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Freehold property 2% straight line
Equipment 20% straight line
Furniutre adn fixtures 20% straight line
Office equipment 33% straight line

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Liabilities

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Page 9

CENTRE CHURCH

Notes to the Financial Statements for the Period from 28 August 2019 to 31 December 2020

Fund structure

Unrestricted income funds are general funds that are available for use at the Trustees's discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2 Income from donations and legacies

Donations and legacies;
Donations
Gift aid reclaimed
Grants, including capital grants;
Grants
Other income from donations and legacies		 Unrestricted
funds
General
£
102,685
22,337
6,208
407
131,637		 Restricted
funds
£
5,961
-
-
-
5,961		 Total
2020
£
108,646
22,337
6,208
407
137,598

Page 10

CENTRE CHURCH

Notes to the Financial Statements for the Period from 28 August 2019 to 31 December 2020

3 Income from other trading activities

Events income;
Conferences and similar events
Property rental income
Café 180 income
Global University fees		 Unrestricted
funds
General
£
-
1,505
3,215
-
4,720		 Restricted
funds
£
1,669
-
-
4,445
6,114		 Total
funds
£
1,669
1,505
3,215
4,445
10,834

4 Investment income

Interest receivable and similar income;
Interest receivable on bank deposits		 Unrestricted
funds
General
£
6		 Total
2020
£
6

Page 11

CENTRE CHURCH

Notes to the Financial Statements for the Period from 28 August 2019 to 31 December 2020

5 Expenditure on charitable activities

Note
Ministry expenses
Missionary gifts
Gifts and donations
Conference fees and training
Outreach
Rents and rates
Gas and electricity
Printing and stationery
Equipment
Maintenance
Insurance
Telephone and internet
Professional fees
General expenses
Independent examination
Depreciation
Staff costs
7		 Unrestricted
funds
General
£
6,477
11,341
525
71
901
20,717
8,549
2,917
934
4,309
2,400
650
2,018
1,901
1,440
4,524
58,745
128,419		 Restricted
funds
£
-
350
10,561
-
-
-
-
-
-
-
-
-
-
-
-
740
300
11,951		 Total
2020
£
6,477
11,691
11,086
71
901
20,717
8,549
2,917
934
4,309
2,400
650
2,018
1,901
1,440
5,264
59,045
140,370

6 Trustees remuneration and expenses

Mr Tyler Evenson, a trustee, recevied remuneration amouting to £9,559 as pastor of the church. The church also paid rent of £14,720 for his living accomodation.

The wife and daughter of Mr Tyler Evenson, a Trustee, are employees of the charity and received remuneration amounting to £3,187 in the current year.

No Trustees have received any reimbursed expenses or any other benefits from the charity during the year.

The only other payments made to the Trustees, or any person connected with them, consisted of reimbursements of expenditure incurred on behalf of the charity in furthering the charity's objects.

Page 12

CENTRE CHURCH

Notes to the Financial Statements for the Period from 28 August 2019 to 31 December 2020

7 Staff costs

The aggregate payroll costs were as follows:

7 Staff costs
The aggregate payroll costs were as follows:
Staff costs during the period were:
Wages and salaries
Pension costs		 2020
£
58,346
699
59,045

The monthly average number of persons (including senior management team) employed by the charity during the period expressed as full time equivalents was as follows:

by the charity during the period expressed as full time equivalents was as follows:
2020
No
Staff 4

No employee received emoluments of more than £60,000 during the period

Page 13

CENTRE CHURCH

Notes to the Financial Statements for the Period from 28 August 2019 to 31 December 2020

8 Tangible fixed assets

Cost
Additions
Transfer from
unincorporated
charity
At 31
December 2020
Depreciation
Charge for the
year
Transfer from
unincorporated
charity
At 31
December 2020
Net book value
At 31
December 2020
9 Debtors
Accrued income		 Land and
buildings
£
-
139,679
139,679
2,794
16,761
19,555
120,124		 Furniture
and
fixtures
£
2,398
13,534
15,932
2,103
7,924
10,027
5,905		 Computer
equipment
£
-
12,266
12,266
217
11,832
12,049
217		 Equipment
£
758
18,818		 Total
£
3,156
184,297
19,576 187,453
152
18,817		 5,266
55,334
18,969 60,600
607 126,853
2020
£
1,765

10 Creditors: amounts falling due within one year

Other taxation and social security
Other creditors
Accruals		 2020
£
482
119
1,044
1,645

Page 14

CENTRE CHURCH

Notes to the Financial Statements for the Period from 28 August 2019 to 31 December 2020

11 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the charity to the scheme and amounted to £699 .

Contributions totalling £118 were payable to the scheme at the end of the period and are included in creditors.

12 Funds

Unrestricted funds
General
General Funds
Restricted funds
Mission fund
Benevolent fund
Special events
Global University
CAP Job Club
Café start-up
Total funds		 Incoming
resources
£
136,363
11,040
810
1,669
4,445
-
-
17,964
154,327		 Resources
expended
£
Transfer
from
unincorporated
charity
£
Balance at
31
December
2020
£
(134,156)
132,949
135,156
(9,140)
-
1,900
(1,771)
961
-
-
-
1,669
(2,961)
4,653
6,137
-
1,590
1,590
(740)
2,962
2,222
(14,612)
10,166
13,518
(148,768)
143,115
148,674		 Resources
expended
£
Transfer
from
unincorporated
charity
£
Balance at
31
December
2020
£
(134,156)
132,949
135,156
(9,140)
-
1,900
(1,771)
961
-
-
-
1,669
(2,961)
4,653
6,137
-
1,590
1,590
(740)
2,962
2,222
(14,612)
10,166
13,518
(148,768)
143,115
148,674
13,518
148,674

Page 15

CENTRE CHURCH

Notes to the Financial Statements for the Period from 28 August 2019 to 31 December 2020

13 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
124,631
12,170
(1,645)
135,156		 Restricted
funds
£
2,222
11,296
-
13,518		 Total funds
at 31
December
2020
£
126,853
23,466
(1,645)
148,674

Page 16