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2023-12-31-accounts

Annual Report and Financial Statements for the Year Ended 31 December 2023

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 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 15

CENTRE CHURCH

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees

Graham Olive (resigned 17 January 2023) Joy Dawes (resigned 17 January 2023) Ruth Stephens Alexander Mason 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 FCMA 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 2023.

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 2023, the church continued with its range of existing services, ministries, and outreaches in the church building. The community café in the church foyer also continued to operate but due to a reduction in volunteer numbers and changes in staff responsibilities opening hours were reduced.

No foreign trips were undertaken for missionary activities during the year.

Financial review

Income for the year amounted to £161,493 (2022: £147,564) and expenditure £103,140 (2022: £127,775), resulting in a surplus of £58,353 (2022: £19,789). This was added to the funds brought forward leaving a fund balance of £236,672 at the year end, of which £223,398 were unrestricted reserves.

Page 2

CENTRE CHURCH

TRUSTEES' REPORT (CONTINUED)

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.

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 17 October 2024 and signed on its behalf by:

......................................... Guy Harwood Trustee

Page 3

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 2023.

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

17 October 2024

Page 4

CENTRE CHURCH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Note
Unrestricted
funds
£
Income and Endowments from:
Donations and legacies
2
140,396
Other trading activities
3
7,698
Investment income
4
1,190
Total income
149,284
Expenditure on:
Raising funds
5,583
Charitable activities
5
74,171
Total expenditure
79,754
Net
income/(expenditure)
69,530
Transfer between funds
(9,220)
Net movement in funds
60,310
Reconciliation of funds
Total funds brought
forward
167,263
Total funds carried
forward
12
227,573		 Restricted
funds
£
2,955
9,180
74
12,209
3,304
20,081
23,385
(11,176)
9,220
(1,956)
11,056
9,100		 Total
2023
£
143,351
16,878
1,264
161,493
8,887
94,252
103,139
58,354
-
58,354
178,319
236,673		 Total
2022
£
131,266
16,265
33
147,564
10,223
117,552
127,775
19,789
-
19,789
158,530
178,319

The notes on pages 7 to 15 form an integral part of these financial statements. Page 5

CENTRE CHURCH

BALANCE SHEET AS AT 31 DECEMBER 2023

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		 2023
£
115,033
115,033
4,884
117,943
122,827
(1,187)
121,640
236,673
9,100
227,573
236,673		 2022
£
118,336
118,336
4,780
56,430
61,210
(1,227)
59,983
178,319
11,056
167,263
178,319

The financial statements on pages 5 to 15 were approved by the Trustees, and authorised for issue on 17 October 2024 and signed on their behalf by:

......................................... Guy Harwood Trustee

The notes on pages 7 to 15 form an integral part of these financial statements. Page 6

CENTRE CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom 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.

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.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

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 7

CENTRE CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)

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
Furniture and 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.

Page 8

CENTRE CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)

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 9

CENTRE CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)

2 Income from donations and legacies

Unrestricted
funds
General
£
Donations and legacies;
Donations
115,506
Gift aid reclaimed
24,890
140,396
3 Income from other trading activities
Unrestricted
funds
General
£
Events income;
Conferences and similar
events
-
Property rental income
1,960
Café 180 income
5,738
Global University fees
-
7,698
4 Investment income
Unrestricted
funds
General
£
Interest receivable and
similar income;
Interest receivable on
bank deposits
1,190		 Restricted
funds
£
2,955
-
2,955
Restricted
funds
£
3,613
-
-
5,567
9,180
Restricted
funds
£
74		 Total
2023
£
118,461
24,890
143,351
Total
funds
£
3,613
1,960
5,738
5,567
16,878
Total
2023
£
1,264		 Total
2022
£
108,527
22,739
131,266
Total
2022
£
1,183
1,991
8,103
4,988
16,265
Total
2022
£
33

Page 10

CENTRE CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (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
£
6,317
-
520
917
3,405
501
5,265
-
2,723
700
3,822
3,084
748
3,985
126
1,440
4,391
36,227
74,171		 Restricted
funds
£
3,613
8,495
3,057
-
-
-
-
-
-
-
-
-
-
-
-
-
742
4,174
20,081		 Total
2023
£
9,930
8,495
3,577
917
3,405
501
5,265
-
2,723
700
3,822
3,084
748
3,985
126
1,440
5,133
40,401
94,252		 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

6 Trustees remuneration and expenses

No Trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

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

Page 11

CENTRE CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (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		 2023
£
39,523
878
40,401		 2022
£
45,944
737
46,681

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:
2023 2022
No No
Staff 3 4

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

Page 12

CENTRE CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)

8 Tangible fixed assets

Land and
buildings
£
Furniture
and
fixtures
£
Computer
equipment
£
Cost
At 1 January
2023
139,679
21,004
9,955
Additions
-
1,830
-
At 31
December 2023
139,679
22,834
9,955
Depreciation
At 1 January
2023
25,143
19,358
9,955
Charge for the
year
2,794
966
-
At 31
December 2023
27,937
20,324
9,955
Net book value
At 31
December 2023
111,742
2,510
-
At 31
December 2022
114,536
1,646
-
9 Debtors
Accrued income
Other debtors
10 Creditors: amounts falling due within one year
Other creditors
Accruals		 Computer
equipment
£
9,955
-		 Equipment
£
16,691
-		 Total
£
187,329
1,830
189,159
68,993
5,133
74,126
115,033
118,336
2022
£
1,894
2,886
9,955 16,691
9,955
-		 14,537
1,373
9,955 15,910
- 781
- 2,154
2023
£
1,641
3,243
4,884
2023
£
143
1,044
1,187
4,780
2022
£
183
1,044
1,227

Page 13

CENTRE CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (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 £878 (2022 - £737).

Contributions totalling £145 (2022 - £182) 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
2023
£
167,263
-
616
-
8,108
1,590
742
11,056
178,319		 Incoming
resources
£
149,284
1,995
960
3,613
5,641
-
-
12,209
161,493		 Resources
expended
£
(79,754)
(11,215)
(337)
(3,613)
(7,478)
-
(742)
(23,385)
(103,139)		 Transfers
£
(9,220)
9,220
-
-
-
-
-
9,220
-		 Balance
at 31
December
2023
£
227,573
-
1,239
-
6,271
1,590
-
9,100
236,673

Page 14

CENTRE CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED)

Balance Balance Balance
at 1 at 31
January Incoming Resources December
2022 resources expended Transfers 2022
£ £ £ £ £
Unrestricted funds
General
General funds 148,968 131,151 (91,861) (20,995) 167,263
Restricted funds
Mission fund - 9,522 (30,517) 20,995 -
Benevolent fund - 720 (104) - 616
Special events - 1,183 (1,183) - -
Global University 6,490 4,988 (3,370) - 8,108
CAP Job Club 1,590 - - - 1,590
Café start-up 1,482 - (740) - 742
9,562 16,413 (35,914) 20,995 11,056
Total funds 158,530 147,564 (127,775) - 178,319
**13 Analysis of net ** **assets between ** funds
Total funds
Unrestricted at 31
funds
Restricted		 December
General funds 2023
£ £ £
Tangible fixed assets 115,033 - 115,033
Current assets 113,727 9,100 122,827
Current liabilities (1,187) - (1,187)
Total net assets 227,573 9,100 236,673
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

Page 15