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2022-12-31-accounts

Annual Report and Financial Statements for the Year Ended 31 December 2022

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

Tyler Evenson (resigned 20 January 2022) Graham Olive (resigned 17 January 2023) Joy Dawes (resigned 17 January 2023) Ruth Stephens Wish Chigora (resigned 11 March 2022) Alexander Mason (appointed 20 January 2022) Samantha Harwood (appointed 17 January 2023) Samantha Gentry (appointed 17 January 2023) Guy Harwood (appointed 16 August 2023)

Charity Registration 1185070 Number Principal Office 180 Leylands Road Burgess Hill West Sussex RH15 8HS Independent Examiner G W Schulz ACMA 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 year ended 31 December 2022.

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 2022, many of the services, ministries and outreaches of the church returned to using the facilities of the Church building following the abatement of the Covid-19 pandemic and the lifting of the related public health regulations which had been curtailing the in-person activities of the Church.

The community café in the foyer of the church reopened with the lifting of Covid restrictions.

During 2022, no foreign trips were taken for missionary activities.

Page 2

CENTRE CHURCH

TRUSTEES' REPORT (CONTINUED)

Financial review

Income for the year amounted to £147,564 (2021: £162,119) and expenditure £127,775 (2021: £152,263), resulting in a surplus of £19,789 (2021: £9,856). This was added to the funds brought forward leaving a fund balance of £1178,319 at the year end, of which £167,263 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 (CONTINUED)

Statement of 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 year 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 Charities (Accounts and Reports) Regulations 2008, 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 3 October 2023 and signed on its behalf by:

......................................... Samantha Harwood Trustee

Page 4

CENTRE CHURCH

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CENTRE CHURCH

I report to the Trustees on my examination of the accounts of Centre Church for the year ended 31 December 2022.

Responsibilities and basis of report

As the charity 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

3 October 2023

Page 5

CENTRE CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

Note
Unrestricted
funds
£
Income and Endowments from:
Donations and legacies
2
121,024
Other trading activities
3
10,094
Investment income
4
33
Total income
131,151
Expenditure on:
Raising funds
6,853
Charitable activities
5
85,008
Total expenditure
91,861
Net
income/(expenditure)
39,290
Transfer between
funds/from
unincorporated charity
(20,995)
Net movement in funds
18,295
Reconciliation of funds
Total funds brought
forward
148,968
Total funds carried
forward
12
167,263		 Restricted
funds
£
10,242
6,171
-
16,413
3,370
32,544
35,914
(19,501)
20,995
1,494
9,562
11,056		 Total
2022
£
131,266
16,265
33
147,564
10,223
117,552
127,775
19,789
-
19,789
158,530
178,319		 Total
2021
£
151,322
10,796
1
162,119
7,765
144,498
152,263
9,856
-
9,856
148,674
158,530

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 2022

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		 2022
£
118,336
118,336
4,780
56,430
61,210
(1,227)
59,983
178,319
11,056
167,263
178,319		 2021
£
123,985
123,985
1,470
34,582
36,052
(1,507)
34,545
158,530
9,562
148,968
158,530

The financial statements on pages 6 to 16 were approved by the Trustees, and authorised for issue on 3 October 2023 and signed on their behalf by:

......................................... Samantha Harwood 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 YEAR ENDED 31 DECEMBER 2022

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. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

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.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Page 8

CENTRE CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

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.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

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.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

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.

Page 9

CENTRE CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

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.

Fund structure

Unrestricted income funds are general funds that are available for use at the Trustees 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.

Page 10

CENTRE CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

2 Income from donations and legacies

Unrestricted
funds
General
£
Donations and legacies;
Donations
98,285
Gift aid reclaimed
22,739
Grants, including capital
grants;
Grants
-
121,024
3 Income from other trading activities
Unrestricted
funds
General
£
Events income;
Conferences and similar
events
-
Property rental income
1,991
Café 180 income
8,103
Global University fees
-
10,094
4 Investment income

Interest receivable and similar income;
Interest receivable on bank deposits		 Restricted
funds
£
10,242
-
-
10,242
Restricted
funds
£
1,183
-
-
4,988
6,171
Unrestricted
funds
General
£
33		 Total
2022
£
108,527
22,739
-
131,266
Total
funds
£
1,183
1,991
8,103
4,988
16,265
Total
2022
£
33		 Total
2021
£
124,705
23,819
2,798
151,322
Total
2021
£
-
3,603
5,161
2,032
10,796
Total
2021
£
1

Page 11

CENTRE CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

5 Expenditure on charitable activities

Note
Ministry expenses
Missionary gifts
Gifts and donations
Conference fees and
training
Outreach
Rents and rates
Gas and electricity
Manse
Printing and
stationery
Equipment
Maintenance
Insurance
Telephone and
internet
General expenses
Bank charges
Independent
examination
Depreciation
Staff costs
7		 Unrestricted
funds
General
£
6,058
-
580
241
3,175
433
2,926
4,545
3,247
377
2,470
2,622
493
4,673
138
1,440
4,909
46,681
85,008		 Restricted
funds
£
1,183
22,108
8,513
-
-
-
-
-
-
-
-
-
-
-
-
-
740
-
32,544		 Total
2022
£
7,241
22,108
9,093
241
3,175
433
2,926
4,545
3,247
377
2,470
2,622
493
4,673
138
1,440
5,649
46,681
117,552		 Total
2021
£
5,008
17,773
10,115
220
4,715
291
2,241
18,180
2,922
399
4,884
2,480
741
2,355
-
1,440
5,866
64,868
144,498

6 Trustees remuneration and expenses

Mr Tyler Evenson, a Trustee, received remuneration amounting to £2,390 (2021: £9,559) as pastor of the church. The church also paid rent of £3,720 (2021: £14,880) for his living accommodation.

The daughter of Mr Tyler Evenson, a Trustee, received remuneration amounting to £1,796 in the current year (2021: £8,678).

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 YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

7 Staff costs

The aggregate payroll costs were as follows:

7 Staff costs
The aggregate payroll costs were as follows:
Staff costs during the year were:
Wages and salaries
Pension costs		 2022
£
45,944
737
46,681		 2021
£
64,319
549
64,868

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

follows:
2022 2021
No No
Staff 4 5

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

Page 13

CENTRE CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

8 Tangible fixed assets

8 Tangible fixed assets
Land and
buildings
£
Furniture
and
fixtures
£
Computer
equipment
£
Cost
At 1 January
2022
139,679
21,004
9,955
At 31
December 2022
139,679
21,004
9,955
Depreciation
At 1 January
2022
22,349
18,758
9,955
Charge for the
year
2,794
600
-
At 31
December 2022
25,143
19,358
9,955
Net book value
At 31
December 2022
114,536
1,646
-
At 31
December 2021
117,330
2,246
-
9 Debtors
Accrued income
Other debtors
10 Creditors: amounts falling due within one year
Other taxation and social security
Other creditors
Accruals		 Computer
equipment
£
9,955		 Equipment
£
16,691		 Total
£
187,329
187,329
63,344
5,649
68,993
118,336
123,985
2021
£
1,470
-
9,955 16,691
9,955
-		 12,282
2,255
9,955 14,537
- 2,154
- 4,409
2022
£
1,894
2,886
4,780
2022
£
-
183
1,044
1,227
1,470
2021
£
346
117
1,044
1,507

Page 14

CENTRE CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

11 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £737 (2021 - £549).

Contributions totalling £182 (2021 - £118) were payable to the scheme at the end of the year 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		 Balance
at 1
January
2022
£
148,968
-
-
-
6,490
1,590
1,482
9,562
158,530		 Incoming
resources
£
131,151
9,522
720
1,183
4,988
-
-
16,413
147,564		 Resources
expended
£
(91,861)
(30,517)
(104)
(1,183)
(3,370)
-
(740)
(35,914)
(127,775)		 Transfers
£
(20,995)
20,995
-
-
-
-
-
20,995
-		 Balance
at 31
December
2022
£
167,263
-
616
-
8,108
1,590
742
11,056
178,319

The transfer from Special events fund was for expenditure incurred in the previous year included in General funds.

Page 15

CENTRE CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (CONTINUED)

Balance Balance Balance
at 1 at 31
January Incoming Resources December
2021 resources expended Transfers 2021
£ £ £ £ £
Unrestricted funds
General
General funds 135,156 141,402 (122,926) (4,664) 148,968
Restricted funds
Mission fund 1,900 16,615 (24,518) 6,003 -
Benevolent fund - 2,070 (2,400) 330 -
Special events 1,669 - - (1,669) -
Global University 6,137 2,032 (1,679) - 6,490
CAP Job Club 1,590 - - - 1,590
Café start-up 2,222 - (740) - 1,482
13,518 20,717 (29,337) 4,664 9,562
Total funds 148,674 162,119 (152,263) - 158,530
**13 Analysis of net ** **assets between ** funds
Total funds
Unrestricted at 31
funds
Restricted		 December
General funds 2022
£ £ £
Tangible fixed assets 117,594 742 118,336
Current assets 50,896 10,314 61,210
Current liabilities (1,227) - (1,227)
Total net assets 167,263 11,056 178,319
Total funds
Unrestricted at 31
funds
Restricted		 December
General funds 2021
£ £ £
Tangible fixed assets 122,504 1,481 123,985
Current assets 27,971 8,081 36,052
Current liabilities (1,507) - (1,507)
Total net assets 148,968 9,562 158,530

Page 16