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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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