Christ Central
Charity Number: 1190597
Reports & Accounts
Financial Year Ending 31/03/2025
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Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Contents
| Legal & Administrative Details | Page 3 |
|---|---|
| Trustees Report | Page 4 |
| Independent Examiners Report | Page 10 |
| Statement of Financial Activities | Page 11 |
| Statement of Financial Position | Page 13 |
| Statement of Cash Flows | Page 15 |
| Note 1 - Accounting Policies | Page 17 |
| Note 2 - Analysis of Income | Page 21 |
| Note 3 - Analysis of Expenditure | Page 22 |
| Note 4 - Analysis of Net Assets Between Funds |
Page 24 |
| Note 5 – Other | Page 24 |
| Note 6 – Staff & Key Management Personnel | Page 25 |
| Note 7 - Trustee Transactions | Page 26 |
| Note 8 - Tangible Fixed Assets | Page 26 |
| Note 9 – Investments & Stocks | Page 27 |
| Note 10 – Debtors & Creditors | Page 27 |
| Note 11 - Analysis of Charitable Funds | Page 29 |
| Note 12 – Related Parties Transactions | Page 32 |
| Note 13 - Prior Period Adjustment | Page 32 |
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Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Legal & Administrative Details
Charity Name: Christ Central Charity Number: 1190597 Charity Address: 3 London Road, Redhill, Surrey, RH1 1LY Trustees: Annette Mary Fulcher (Appointed 21/11/2024) Gary Michael Smith (Appointed 21/11/2024) Gillian Atkinson Cherie Hope Laurence Hope Elizabeth Goudie Ruth Ogechukwu Odih Prince Nnaemeka Ezenwa Key Management The Charity is managed by the Trustees and the Elders who are Mark Personnel: Hope, Guy McGlashan, Hitesh Mistry, Mark Hobbs, and Jonnie Conibeer. Name & Address Barclays Bank plc of Primary Tunbridge Wells Banker: Leicester LE87 2BB CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Independent Nigel Wyatt BSC FCA Examiner: Wyatt & Co Chartered Accountants 125 Main Street Garforth Leeds LS25 1AF
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Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Trustees Report
Objects of the charity
The Objects of Christ Central are, for the public benefit, to advance the Christian religion (as set out in the Statement of Faith); and to relieve persons who are in need by reason of financial hardship, ill health, unemployment or other social and economic disadvantage, in such ways as the Charity trustees may from time to time decide.
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. When planning Christ Central’s programme of activities for the year, the Elders and the Trustees have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance to charities for the advancement of religion by:
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Offering people the opportunity to gather together for worship, prayer and teaching at our Sunday services as well as our programme of mid-week meetings;
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providing pastoral care in a variety of ways e.g. visiting the sick, providing a debt advice service;
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Providing a bereavement support service;
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Supporting children and families through a range of activities,
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Providing practical help to people in need;
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Delivering a discipleship programme through our offering of groups and courses;
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Promoting and supporting mission partnerships with churches, organisations and people whose primary objective is to proclaim Jesus Christ, Saviour and Lord and who show the faith, love and hope of Christ in action at home and abroad.
To facilitate these activities, it is important that we maintain our town centre venue in the pedestrianised centre of Redhill.
The impact of the charity is assessed and reflected on by the Elders and Trustees, using a combination of quantitative and qualitative measures, which helps guide future strategic planning.
Summary of the charity's main activities and achievements
2024-2025 was a consolidatory year for the church as the Elders and Trustees reviewed staffing structure, looked at church effectiveness, and assessed the operation of the West Central café facility. To aid this process an external Organisational Health and Operational Effectiveness review was completed in September 2024.
West Central ceased trading in May 2024. Since then the facility has continued to be used as a venue for community groups and courses. The Trustees and Elders are continuing to explore how best to use this resource in the future.
In line with church’s objects and vision, its main activities and achievements were as follows:
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A successful church weekend away at Wokefield Park (Reading) in June 2024
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The continued operation and maintenance of 3 London Road, Redhill as a multipurpose community facility hosting English language classes, fitness/dance groups, children’s and youth activities and public worship
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Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
- The ‘Still Me’ community, run to support those with dementia and the Solace bereavement cafe
Christ Central is a church based in the centre of Redhill, Surrey. It is a member of the worldwide Advance Network of churches, in which its elders play an active role. It continues to develop its relations with other churches in the network. At a more local level, centred on the borough of Reigate and Banstead, Christ Central continues to seek to partner and work with local churches and charities.
The trustees assess both the level of activity in the church and the period-end financial position as satisfactory.
Over this period, the adult church membership has remained around the same at 270 adults, with the numbers of children also remaining around the same at 75 Youth and 80 children.
Our Youth membership continues to grow and is successfully engaging young people within and outside the church. Annually, we strive to take a group of between 80 and 90 young people and leaders to a youth conference, NewDay, which gives opportunities for growing young people in their faith and for strong relationships to develop.
The trustees remain extremely grateful for all the time and work carried out by volunteers both from the church and our local community. Our volunteers are involved with all aspects of the church.
Future Plans
In the coming year the Trustees are seeking to reflect on the recommendation of the Organisational Heath and Operational Effectiveness review, and implement where appropriate. The likely appointment of a ‘Head of Staff’ has already been identified and recruitment is scheduled for the autumn term 2025. Jonnie Conibeer’s role is being refocused to take a lead identifying and overseeing area of community impact, including the repurposing of the West Central café facility.
Structure, Governance and Management
Nature of governing document: The charity was created on 28 July 2020 and is governed by a constitution. The Registered Charity Number is 1190597. There have been no changes in the objectives since the last annual report. On 30 November 2021, Christ Central received all the assets, liabilities and activities of Reigate and Redhill Community Church (charity number 1027890). This transfer was approved by the Charity Commission.
Christ Central is part of Advance (a global movement of churches partnering together to advance the Gospel through planting and strengthening churches) and the Newfrontiers family of churches. Membership of Advance constitutes relational affiliation and the network has no involvement in the governance or operational oversight of the Christ Central. The church contributes financially to the wider work of Advance each year on a discretionary ‘gift’ basis.
The church operates Three Central Ltd, a subsidiary undertaking in which the church owns a 100% stake. The principal activity of TCL is the management of the church’s property at 3 London Road, Redhill. Two church members, (Graham Fulcher and Paul Burgess) act as Directors for TCL.
Christ Central is pleased to work in collaboration with the local authority in Redhill and Reigate, other churches and local charities on a relational basis. No formal partnership agreements are in place.
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. Powers of appointment or removal of trustees rest with the trustees themselves. New trustees are selected from the
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Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
members of the church, which ensures the trustees as a body are wholeheartedly involved in seeing the mission of the church worked out in practice.
Induction and training of trustees:
On being appointed, new trustees receive a copy of the constitution, a “reader” of relevant information (including Charity Commission guidance), and have access to a copy of the Christ Central Board Manual. They also spend time with existing trustees to ensure they understand their responsibilities, and the legal and financial framework in which the church operates.
Organisational Structure:
Directions relating to the charity are made by the trustees in consultation with the elders (pastors), who are responsible for governing the life and teaching of the church. Where relevant, day-to-day decisions on expenditure and activities are taken by the staff and volunteers in charge of different areas of the church, with budgets set and regularly monitored. The charity uses a Finance Monitoring Committee (FMC) to undertake the detailed work of budget preparation and accounts review. The FMC membership is made up of elders, trustees and relevant staff.
Remuneration:
Staff Remuneration levels are agreed by the Trustees and where appropriate benchmarking is carried out with similar size churches on a regional basis. In recent years, the salary rates for new or vacant posts have been set in accordance with the national benchmarking survey completed by UCAN (UK Church Administrators Network). Staff remuneration is reviewed annually.
Volunteers:
The ministry of the church is only possible due to the significant volunteer commitment of church members. Over 100 church members regularly serve in a variety of capacities, both on Sundays and mid-week. DBS checks are carried out for all volunteers working with under 18s and vulnerable adults, and volunteer agreements are used where appropriate.
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Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Financial Review
General & Unrestricted Funds:
The General Fund represents the ongoing operational income and expenditure for the running of the church. The major source of income for the general fund is the donations received from the church members most of which are given through the UK Gift Aid scheme. The church also benefits from a small amount of room hire and activity income.
Income generated for the General Fund amounted to £378,411 with corresponding expenditure amounting to £388,536.
Income generated for other Unrestricted Funds (in addition to the General Fund) amounted to £62,265 with corresponding expenditure amounting to £67,688.
Combined General and Unrestricted fund income was £440,676 (prior year: £498,621) with expenditure of £456,224 (prior year: £473,000).
Restricted Funds:
Income generated for Restricted Funds amounted to £80,393 with corresponding expenditure amounting to £62,823.
Total Funds:
Therefore, total Income for the church was £521,069 (Prior Year: £885,470 – unusually high due to mortgage redemption) with total fund expenditure of £519,047. (Prior Year: £589,733). This presented the church with a small surplus of £2,022.
During the year, the church ceased operation of the West Central cafe and stock levels previously held on the balance sheet were run down and written-off. This write-off (-£1,897) is reflected in general fund expenditure.
Therefore, total funds carried forward at year-end are £1,760, 450 (compared with prior year: £1,758,429). General funds (shown net of Fixed Assets of £5,970 and the Building Revaluation reserve of £775,977 which now sit in their own designated funds) carried forward at the year-end amount to £227,206. This compares with the prior year of £240,031 (plus £421,309 of Fixed Assets previously held in the General Fund, now split across the Fixed Assets and Building revaluation designated funds).
The breakdown of total funds carried forward are:
| Unrestricted | |
|---|---|
| General (Unrestricted) | £227,206 |
| Fixed Assets Fund (Unrestricted) | £5,970 |
| Building Revaluation Fund (Designated) | £775,977 |
| Building Maintenance Fund (Designated) | £18,900 |
| Sound Mixer (Designated) | £1,200 |
| Restricted | |
| National and International Fund (Restricted) | £16,686 |
| ACTS Fund (Restricted) | £10,881 |
| Local Mission Offering (Restricted) | £55,397 |
| Elphick Fund (Restricted) | £8,750 |
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Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
| CDA Fund (Restricted) | £3,661 |
|---|---|
| English Classes Fund (Restricted) | £2,267 |
| Building Fund (Restricted) | £624,023 |
| Youth Fund (Restricted) | £5,985 |
| Foodbank Fund (Restricted) | £162 |
| Refugee Fund (Restricted) | £645 |
| Embrace Funds Reserve (Restricted) | £2,663 |
| Special collections(Restricted) | £77 |
| Total Funds | £1,760,450 |
Funds in Deficit
Funds in Deficit have been cleared by a transfer from the general fund at Year-End. A detailed overview of Fund movement (including transfers) can be found on page 29.
Investments Policy
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.
Investments in subsidiaries are valued at cost less provision for impairment.
Reserves Policy
The trustees take a prudent position on reserves, ensuring there are enough to maintain the charity through any critical incident. At present, the Trustees have agreed this level as equivalent to 3 months' operational costs, which equates to circa £115,000. (For the FY 2025-2026 onwards these funds will be held in a designated reserve for clarity). Unrestricted funds in excess of this amount were held by the church at the end of the reporting period, and full details can be found in the table above.
Key Risks and Uncertainties
As with many charitable organisations, the majority of the church’s income is the result of voluntary giving, with the vast majority coming from the generous, sacrificial and committed giving of the membership of Christ Central. The Trustees recognises that church membership may fluctuate yearby-year and that any period of change and transition can heighten the risk of this fluctuation. The church operates an annual programme of teaching on stewardship, under the oversight of the Elders and supported by the Finance Monitoring Committee. Church members are asked sporadically to review and pledge their financial support to the church. Income and expenditure are monitored monthly to maintain a clear focus on the church’s financial position. Day-by-day financial management is with the staff team, and the church is exploring the appointment of a ‘Head of Staff’ to take a lead role in this area. Expenditure is monitored by the Trustees and adjusted throughout the year to respond to any recognised financial constraints.
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Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Responsibilities of Trustees under charity law
The trustees are responsible for preparing the trustees' annual 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, including income and expenditure, 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 Statement of Recommended Practice;
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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.
Signature
This report was approved by the trustees, and is signed on their behalf by:
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Name Prince Ezenwa
Signature
21/01/2026
Date
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Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Independent Examiners Report
I report to the trustees on my examination of the accounts of Christ Central ('the charity') for the year ended 31/03/2025.
Responsibilities and Basis of Report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
I report in respect of my examination of the charity’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 2011 Act.
Independent Examiners Qualification
I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
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:
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accounting records were not kept in accordance with section 130 of the 2011 Act; or
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the financial statements do not accord with those records; or
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the financial statements 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.
Independent Examiner’s Details
Name: Nigel Wyatt BSC FCA Address: 125 Main Street Garforth Leeds LS25 1AF
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Name Nigel Wyatt
Signature
22/01/2026
Date
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Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Statement of Financial Activities for the year ending 31[st] March 2025.
| Unrestricted | Restricted | Total | Prior Year | |
|---|---|---|---|---|
| Incoming Resources | ||||
| Donations & Legacies | 341,327 | 80,037 | 421,364 | 850,290 |
| Charitable Activities | 52,885 | 0 | 52,885 | 0 |
| Investments | 10,352 | 0 | 10,352 | 5,413 |
| Trading Activities | 33,850 | 0 | 33,850 | 29,767 |
| Other | 2,263 | 356 | 2,619 | 0 |
| Total incoming resources (2) | 440,676 | 80,393 | 521,069 | 885,470 |
| Resources Used | ||||
| Charitable Activities | 448,036 | 62,592 | 510,628 | 573,104 |
| Raising Funds | 0 | 0 | 0 | 0 |
| Governance Costs | 3,815 | 0 | 3,815 | 2,340 |
| Support | 0 | 0 | 0 | 0 |
| Other | 4,373 | 231 | 4,604 | 14,289 |
| Total resources used (3) | 456,224 | 62,823 | 519,047 | 589,733 |
| Net Incoming / Outgoing Resources (before transfers) |
(15,548) | 17,570 | 2,022 | 295,737 |
| Fund Transfers In (11) | 6,699 | 0 | 6,699 | 0 |
| Fund Transfers Out (11) | 4,699 | 2,000 | 6,699 | 0 |
| Net Incoming / Outgoing Resources (before gains/losses) |
(13,548) | 15,570 | 2,022 | 295,737 |
| Investment Gains (or Losses) (9) | 0 | 0 | 0 | 0 |
| Net Incoming / Outgoing Resources (before Asset Revaluation) |
(13,548) | 15,570 | 2,022 | 295,737 |
| Asset Revaluation | 0 | 0 | 0 | 0 |
| Net Movement of Funds | (13,548) | 15,570 | 2,022 | 295,737 |
| Total Funds Brought Forward | 1,042,802 | 715,627 | 1,758,429 | 1,462,692 |
| Total Funds Carried Forward | 1,029,254 | 731,197 | 1,760,450 | 1,758,429 |
| Represented By | ||||
| General (Unrestricted) | 227,206 | 0 | 227,206 | *661,340 |
| Fixed Assets Fund (Unrestricted) |
5,970 | 0 | 5,970 | 0 |
| Revaluation Fund (Designated) | 775,977 | 0 | *775,977 | *0 |
| Building Maintenance Fund (Designated) |
18,900 | 0 | 18,900 | 18,900 |
| National and International Fund (Restricted) |
0 | 16,686 | 16,686 | 12,093 |
| ACTS Fund (Restricted) | 0 | 10,881 | 10,881 | 6,244 |
| Local Mission Offering (Restricted) |
0 | 55,397 | 55,397 | 51,742 |
| Elphick Fund (Restricted) | 0 | 8,750 | 8,750 | 8,750 |
| CDA Fund (Restricted) | 0 | 3,661 | 3,661 | 3,048 |
| English Classes Fund (Restricted) |
0 | 2,267 | 2,267 | 1,138 |
| Building Fund (Restricted) | 0 | 624,023 | *624,023 | *986,585 |
| Youth Fund (Restricted) | 0 | 5,985 | 5,985 | 3,210 |
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Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
| Foodbank Fund (Restricted) | 0 | 162 | 162 | 62 |
|---|---|---|---|---|
| Refugee Fund (Restricted) | 0 | 645 | 645 | 645 |
| West Central Fund (Restricted) | 0 | 0 | 0 | 2,526 |
| Embrace Funds Reserve (Restricted) |
0 | 2,663 | 2,663 | 2,146 |
| Projects and Events (Designated) |
0 | 0 | 0 | 0 |
| Special collections (Restricted) | 0 | 77 | 77 | 0 |
| West Central (Income & Expenses) (Unrestricted) |
0 | 0 | 0 | 0 |
| Sound Mixer (Designated) | 1,200 | 0 | 1,200 | 0 |
*In the prior year, the value of the church’s 3 London Road premises (£1,400,000 – see note 8) was held across the Building Fund (restricted) and the General Fund. This has now been separated out with the historic purchase cost of the premises held in the Building Fund (restricted) and the revaluation gain held in a designated fund, as per advice in accordance with SORP. This adjustment is outlined in the table below.
| 2025 (Current Year) | 2024 (Prior Year) | |
|---|---|---|
| 3 London Road in General Fund |
£0 | £413,415 |
| 3 London Road Purchase cost in Building Fund (Restricted) |
£624,023 | £624,023 |
| 3 London Road Valuation Gain in Building Fund (Restricted) |
£0 | £362,562 |
| Designated Revaluation Fund |
£775,977 | £0 |
| Total Value of 3 London Road |
£1,400,000 | £1,400,000 |
(corresponding note shown in brackets)
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Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Statement of Financial Position for the year ending 31[st] March 2025.
| Unrestricted | Restricted | Total | Prior Year | |
|---|---|---|---|---|
| Non-Current Assets | ||||
| Fixed Assets (8) | 781,947 | 624,023 | 1,405,970 | 1,407,894 |
| Investments (9) | 101 | 0 | 101 | 101 |
| Total | 782,048 | 624,023 | 1,406,071 | 1,407,995 |
| Current Assets | ||||
| Cash | 214,398 | 107,011 | 321,409 | 345,628 |
| Accounts Receivable (10) | 4,300 | 313 | 4,612 | 10,436 |
| Prepayments (10) | 46,146 | 0 | 46,146 | 56,120 |
| Total | 264,844 | 107,324 | 372,168 | 412,184 |
| Non-Current Assets | ||||
| Short Term Creditors (10) | 16,069 | 150 | 16,219 | 41,208 |
| Deferred Income (10) | 1,570 | 0 | 1,570 | 20,542 |
| Total | 17,639 | 150 | 17,789 | 61,750 |
| Non-Current Liabilities | ||||
| Long Term Loan / Mortgage | 0 | 0 | 0 | 0 |
| Total | 0 | 0 | 0 | 0 |
| Net Current Assets | 247,205 | 107,174 | 354,379 | 350,434 |
| Total Net Assets (Assets Minus Liabilities) |
1,029,254 | 731,197 | 1,760,450 | 1,758,429 |
| Represented By | ||||
| General (Unrestricted) | 227,206 | 227,206 | *661,340 | |
| Fixed Assets Fund (Unrestricted) |
5,970 | 5,970 | 0 | |
| Revaluation Fund (Designated) | 775,977 | *775,977 | *0 | |
| Building Maintenance Fund (Designated) |
18,900 | 18,900 | 18,900 | |
| National and International Fund (Restricted) |
16,686 | 16,686 | 12,093 | |
| ACTS Fund (Restricted) | 10,881 | 10,881 | 6,244 | |
| Local Mission Offering (Restricted) |
55,397 | 55,397 | 51,742 | |
| Elphick Fund (Restricted) | 8,750 | 8,750 | 8,750 | |
| CDA Fund (Restricted) | 3,661 | 3,661 | 3,048 | |
| English Classes Fund (Restricted) |
2,267 | 2,267 | 1,138 | |
| Building Fund (Restricted) | 624,023 | *624,023 | *986,585 | |
| Youth Fund (Restricted) | 5,985 | 5,985 | 3,210 | |
| Foodbank Fund (Restricted) | 162 | 162 | 62 | |
| Refugee Fund (Restricted) | 645 | 645 | 645 | |
| West Central Fund (Restricted) | 0 | 0 | 2,526 | |
| Embrace Funds Reserve (Restricted) |
2,663 | 2,663 | 2,146 | |
| Projects and Events (Designated) |
0 | 0 | 0 | 0 |
| Special collections (Restricted) | 77 | 77 | 0 | |
| West Central (Income & Expenses) (Unrestricted) |
0 | 0 | 0 | 0 |
| Sound Mixer (Designated) | 1,200 | 1,200 | 0 |
(corresponding note shown in brackets) * see note outlining fixed asset adjustments on page 12.
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Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Signature
These accounts have been approved by the trustees, and are signed on their behalf by:
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Prince Ezenwa
Name
Signature
21/01/2026
Date
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Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Statement of Cash Flows for the year ending 31[st] March 2025.
| Total | Prior Year | |
|---|---|---|
| Cash Flow from Operating Activities | ||
| Net Surplus (deficit) | 2,022 | 295,737 |
| Adjustments For: | ||
| Fixed Asset Depreciation | 5,422 | 7,009 |
| Less Investment Gains | 0 | (5,413) |
| Accounts Receivable Decrease | 5,824 | (52,656) |
| Prepayments Decrease | 9,974 | 0 |
| Accounts Payable Increase | (24,989) | 8,379 |
| Deferred Income Increase | (18,972) | 18,791 |
| Less Interest Received | (10,352) | 0 |
| Less Sale of Assets | 0 | 0 |
| Less Asset Revaluation | 0 | 699 |
| Loan Interest Paid | 0 | 0 |
| NET Cash Flow from Operating Activities | (31,072) | 272,546 |
| Cash Flow from Investing Activities | ||
| Interest Received | 10,352 | 5,413 |
| Sales of Assets | 0 | 22,895 |
| Less Purchase of Assets | (3,499) | (26,511) |
| Return of Investments | 0 | 0 |
| Less Money Invested | 0 | 0 |
| NET Cash Flow from Investing Activities | 6,853 | 1,797 |
| Cash Flow from Financing Activities | ||
| Loans Received | 0 | 0 |
| Less Loan Repayments | 0 | (285,191) |
| Less Loan Interest Paid | 0 | 0 |
| NET Cash Flow from Financing Activities | 0 | 0 |
| Increase (decrease) in Cash | (24,219) | (10,848) |
| Cash at start of period | 345,628 | 356,476 |
| Cash at end of period | 321,409 | 345,628 |
| Represented By: | ||
| General (Unrestricted) | 192,728 | 235,124 |
| Fixed Assets Fund (Unrestricted) | 0 | 0 |
| Building Maintenance Fund (Designated) | 18,900 | 18,900 |
| National and International Fund (Restricted) | 16,418 | 12,093 |
| ACTS Fund (Restricted) | 10,837 | 6,244 |
| Local Mission Offering (Restricted) | 55,397 | 51,742 |
| Elphick Fund (Restricted) | 8,750 | 8,750 |
| CDA Fund (Restricted) | 3,681 | 3,048 |
| English Classes Fund (Restricted) | 2,267 | 1,138 |
| Building Fund (Restricted) | 0 | 0 |
| Youth Fund (Restricted) | 5,985 | 3,210 |
| Foodbank Fund (Restricted) | 162 | 62 |
| Refugee Fund (Restricted) | 645 | 645 |
| West Central Fund (Restricted) | 0 | 2,526 |
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Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
| Embrace Funds Reserve (Restricted) | 2,663 | 2,146 |
|---|---|---|
| Projects and Events (Designated) | 1,570 | 0 |
| Special collections (Restricted) | 207 | 0 |
| West Central (Income & Expenses) (Unrestricted) | 0 | 0 |
| Sound Mixer (Designated) | 1,200 | 0 |
| Fixed Assets Fund (Unrestricted) | 0 | 0 |
| Revaluation Fund (Designated) | 0 | 0 |
| TOTAL Represented By | 321,409 | 345,628 |
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Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Note1 - Accounting Policies
Basis of Preparation
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 in the accounting policies below.
Christ Central 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 Christ Central a going concern at the date for approving the accounts. There are no material uncertainties that the charity can continue as a going concern for the next year.
Key Risks & Uncertainties
The trustees maintain an up-to-date risk register and review it in board meetings at set intervals. They have identified actions, where required, to further mitigate risks. The trustees focus, in particular, on the major risks to which the charity is exposed, such as those related to key operations and the charity’s finances. They are satisfied that appropriate systems and procedures are in place to mitigate exposure to these major risks. The trustees believe that the current levels of reserves and ongoing refinement to financial controls provide sufficient resources to cope with any adverse conditions that may arise.
Fund Accounting
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the term of specific appeal. Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
17
Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Incoming Resources
All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.
-
All voluntary income from members of the charity are recognised as donations and are included in full, with associated Gift Aid receivable in the Statement of Financial Activities.
-
Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
-
Income resources from charitable trading activities such as the letting of the building are accounted for when invoices are drawn up (as at the point of entitlement).
-
Donated services and facilities are included at the value to the charity where this can be quantified.
-
Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
-
Volunteer time, the value of voluntary support for the work of the charity, is not included in the accounts but is described in the Trustees Annual Report.
-
Investment Income is included in the accounts when receivable
Resources Expended
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Governance Costs
Governance costs include 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. Governance costs are shown within the ‘Analysis of Expenditure’ note.
Liability Recognition
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.
18
Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Tangible Fixed Assets
Assets over the value of £500 are capitalised. Depreciation is provided on tangible fixed assets at rates calculated to write off the cost of an asset, less its estimated residual value, over the expected useful economic life of that asset, as follows:
-
Freehold property - Not depreciated
-
Musical and Technical Equipment - 25% on straight-line basis
-
Office and computer equipment - 25% on straight-line basis
-
Furniture, fixtures and fittings - 25% on straight-line basis
(In view of the maintenance programme in place which aims to keep the building in good condition, the trustees consider that any depreciation of freehold property would be immaterial and accordingly no provision has been made. The carrying amount of the freehold property is reviewed annually for impairment by the trustees.)
For the 2025 accounts, the trustees have taken the decision to hold all Fixed Assets outside the General Fund for greater clarity. Fixed Assets are now held within the Buildings Fund (Restricted) and a new Fixed Assets Fund (Unrestricted).
Pensions
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.
Operating Leases
Rental charges payable under operating leases are charged on a straight-line basis over the terms of the lease.
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.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
19
Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Judgements and Key Sources of Estimation
The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
In 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:
-
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.
-
The constructive obligation for grants payable is based on an assessment of the likely duration of the supported activity. This estimate is re-assessed annually and the obligation is adjusted to reflect current expectations.
Concessionary Loans
The charity initially recognises and measures concessionary loans at the amount received or receivable. The carrying amount is adjusted in subsequent years to reflect repayments and any accrued interest.
Stock
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
20
Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Note 2 - Analysis of Income
Current Year (2025)
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Donations & Legacies | |||
| Donations | 289,685 | 58,021 | 347,706 |
| Gift Aid | 51,641 | 8,416 | 60,057 |
| Grants | 0 | 13,600 | 13,600 |
| Subtotal | 341,326 | 80,037 | 421,363 |
| Charitable Activities | |||
| Event Income | 52,885 | 0 | 52,885 |
| Subtotal | 52,885 | 0 | 52,885 |
| Investments | |||
| Bank Interest | 10,352 | 0 | 10,352 |
| Subtotal | 10,352 | 0 | 10,352 |
| Trading Activities | |||
| Rental Income | 24,435 | 0 | 24,435 |
| Sales | 9,415 | 0 | 9,415 |
| Subtotal | 33,850 | 0 | 33,850 |
| Other | |||
| Other Income | 2,263 | 356 | 2,619 |
| Subtotal | 2,263 | 356 | 2,619 |
| Total incoming resources | 440,676 | 80,393 | 521,069 |
Prior Year (2024)
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Donations & Legacies | |||
| Donations | 396,510 | 329,479 | 725,989 |
| Gift Aid | 66,931 | 57,370 | 124,301 |
| Grants | 0 | 0 | 0 |
| Subtotal | 463,441 | 386,849 | 850,290 |
| Charitable Activities | |||
| Event Income | 0 | 0 | 0 |
| Subtotal | 0 | 0 | 0 |
| Investments | |||
| Bank Interest | 5,413 | 0 | 5,413 |
| Subtotal | 5,413 | 0 | 5,413 |
| Trading Activities | |||
| Rental Income | 29,767 | 0 | 29,767 |
| Sales | 0 | 0 | 0 |
| Subtotal | 29,767 | 0 | 0 |
| Other | |||
| Other Income | 0 | 0 | 0 |
| Subtotal | 0 | 0 | 0 |
| Total incoming resources | 498,621 | 386,849 | 885,470 |
21
Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Note 3- Analysis of Expenditure
Current Year (2025)
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Charitable Activities | |||
| Activities | 7,309 | 286 | 7,595 |
| Admin (including I.T., postage, stationary and phone) |
4,624 | 0 | 4,624 |
| Advertising | 0 | 0 | 0 |
| Bank Charges | 2,397 | 23 | 2,420 |
| Children & Youth Work | 27,894 | 0 | 27,894 |
| Debt Advice Centre & Ministry | 0 | 23,311 | 23,311 |
| Depreciation | 5,422 | 0 | 5,422 |
| Discipleship, Training & Conferences | 3,587 | 0 | 3,587 |
| Event Costs | 47,734 | 0 | 47,734 |
| Gifts Given / Grants Paid | 18,185 | 35,259 | 53,444 |
| Legal and Professional Fees | 1,704 | 0 | 1,704 |
| Outreach and Mission | 3,860 | 1,187 | 5,047 |
| Premises (Use of Facilities) | 60,248 | 0 | 60,248 |
| Rates and Insurance | 5,142 | 0 | 5,142 |
| Repairs and Maintenance | 1,903 | 0 | 1,903 |
| Staff Costs | 250,574 | 2,526 | 253,100 |
| Sunday Cost including rent | 7,452 | 0 | 7,452 |
| Subtotal | 448,035 | 62,592 | 510,627 |
| Governance Costs | |||
| Governance Costs | 3,815 | 0 | 3,815 |
| Subtotal | 3,815 | 0 | 3,815 |
| Other | |||
| Other Costs & Expenditure | 2,476 | 231 | 2,707 |
| Trading Costs | 1,897 | 0 | 1,897 |
| Subtotal | 4,373 | 231 | 4,604 |
| Total resources used | 456,224 | 62,823 | 519,047 |
22
Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Prior Year (2024)
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Charitable Activities | |||
| Activities | 13,342 | 0 | 13,342 |
| Admin (including I.T., postage, stationary and phone) |
13,475 | 0 | 13,475 |
| Advertising | 2,000 | 0 | 2,000 |
| Bank Charges | 2,650 | 0 | 2,650 |
| Children & Youth Work | 9,693 | 853 | 10,546 |
| Debt Advice Centre & Ministry | 0 | 8,034 | 8,034 |
| Depreciation | 7,009 | 0 | 7,009 |
| Discipleship, Training & Conferences | 5,464 | 10,451 | 15,915 |
| Event Costs | 0 | 0 | 0 |
| Gifts Given / Grants Paid | 11,732 | 22,167 | 33,899 |
| Legal and Professional Fees | 720 | 0 | 720 |
| Outreach and Mission | 67,162 | 3,440 | 70,602 |
| Premises (Use of Facilities) | 68,004 | 0 | 68,004 |
| Rates and Insurance | 3,075 | 0 | 3,075 |
| Repairs and Maintenance | 12,033 | 0 | 12,033 |
| Staff Costs | 239,620 | 67,165 | 306,785 |
| Sunday Cost including rent | 4,831 | 184 | 5,015 |
| Subtotal | 460,810 | 112,294 | 573,104 |
| Governance Costs | |||
| Governance Costs | 2,340 | 0 | 2,340 |
| Subtotal | 2,340 | 0 | 2,340 |
| Other | |||
| Other Costs & Expenditure | 9,850 | 4,439 | 14,289 |
| Trading Costs | 0 | 0 | 0 |
| Subtotal | 9,850 | 4,439 | 14,289 |
| Total resources used | 473,000 | 116,733 | 589,733 |
Expenditure has been reanalysed from prior year signed accounts as a result of the implementation of new accounting software. Total expenditure levels (and unrestricted and restricted totals) remain the same, but the categorisation has been adjusted to better reflect the current operational requirements of the charity.
23
Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Note 4 - Analysis of Net Assets Between Funds
Current Year (2025)
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Non-Current Assets | 782,048 | 624,023 | 1,406,071 |
| Current Assets | 264,844 | 107,324 | 372,168 |
| Current Liabilities | (17,639) | (150) | (17,789) |
| Non-Current Liabilities | 0 | 0 | 0 |
| Total Net Assets (Assets Minus Liabilities) |
1,029,254 | 731,197 | 1,760,450 |
Prior Year (2024)
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Non-Current Assets | 421,410 | 986,585 | 1,407,995 |
| Current Assets | 320,580 | 91,604 | 412,184 |
| Current Liabilities | (61,750) | 0 | (61,750) |
| Non-Current Liabilities | 0 | 0 | 0 |
| Total Net Assets (Assets Minus Liabilities) |
680,240 | 1,078,189 | 1,758,429 |
Note 5 - Other
Volunteers
The charity benefits greatly from the voluntary contributions of time and money. Please refer to the trustees' report for further detail about volunteer contributions in the organisation.
Independent Examination Fees
Fees payable to the independent examiner for independent examination were: £1,440 (fee payable in the prior year: £2,450).
24
Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Note 6 – Staff & Key Management Personnel
Staff Costs
The total staff costs and employee benefits for the reporting period are £262,442 (Prior Year: £306,785) and are broken down as follows:
| broken down as follows: | ||
|---|---|---|
| Current Year (2025) | Prior Year (2024) | |
| Gross wages and salaries | £227,255 | £268,582 |
| Employers NI costs | £19,050 | £17,581 |
| Employers Pension costs | £16,137 | £20,622 |
The average number of employees during the year was 8. (The average number of employees during the prior year was 16).No employees received salaries at a rate of more than £60,000 per annum.
Key Management Personnel
The charity considers its key management personnel to be its Trustees and Elders. The Elders are Mark Hope, Guy McGlashan, Hitesh Mistry, Mark Hobbs and Jonnie Conibeer, 2 of whom were appointed as Elders during the year. The total employee benefits received by the key management personnel (including employer national insurance and pension contributions) was £90,292. (Total employee benefits for the prior year were: £50,516).
Pensions
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.
The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £16,137 (2024 - £20,622). Contributions totalling £1,087 (2024 - £1,708) were payable to the scheme at the end of the year and are included in creditors.
Redundancies
During the financial year, the trustees completed a restructuring process in light of the West Central café ceasing trading, the changing operational needs of the church premises, and changes to the Community Debt Advice provision. This regrettably resulted in 3 redundancies. The decisions were made after careful consideration and consultation, with due regard to legal requirements. The total costs associated with these termination payments (including enhanced elements) were £21,000.00. This figure is included within the gross wages and salaries cost of £227,255 shown in the table above.
25
Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Note 7 – Trustee Transactions
Trustee Remuneration
No trustees received any remuneration from the charity during the period. This was the same for the prior financial year (2024:£0).
Trustee Expenses
No trustees have received any reimbursed expenses or any other benefits from the charity during the period. This was the same for the prior financial year (2024:£0).
Trustee Donations
During the year the total aggregated donations made to the charity by the trustees was £54,302.45. There were no conditions attached to the donations. (Total aggregate donations from prior year (2024) were £26,640.)
Note 8 - Tangible Fixed Assets
| Computer & Office | Music & Technical | Total | |||
|---|---|---|---|---|---|
| Fixtures & Fittings | Freehold Property | ||||
| Equipment | Equipment | ||||
| Cost | |||||
| Prior to 1st April 2024 | 4,793 | 92,055 | 1,400,000 | 1,916 | 1,498,765 |
| Additions in financial year | 3,499 | 0 | 0 | 0 | 3,499 |
| Total as at 31st March 2025 |
8,292 | 92,055 | 1,400,000 | 1,916 | 1,502,264 |
| Depreciation | |||||
| Prior to 1st April 2024 | 2,057 | 88,335 | 0 | 479 | 90,871 |
| Additions in financial year | 2,073 | 2,870 | 0 | 479 | 5,422 |
| Total as at 31st March 2025 |
4,130 | 91,205 | 0 | 958 | 96,293 |
| Net Book Value | |||||
| As at 31st March 2025 | 4,162 | 850 | 1,400,000 | 958 | 1,405,970 |
| As at 31st March 2024 | 2,737 | 3,720 | 1,400,000 | 1,437 | 1,407,894 |
For the 2025 accounts, the trustees have taken the decision to hold all Fixed Assets outside the General Fund for greater clarity. Fixed Assets are now held within the Buildings Fund (Restricted), Building revaluation fund (unrestricted) and a new Fixed Assets Fund (unrestricted).
The fair value of the company's Land and buildings was revalued on 30 March 2021 by Alexander Pyle BSc (Hons) MRICS of Bruton Knowles LLP, an independent valuer, and is shown as £1,400,000. The trustees are of the opinion that the value at 31 March 2025 is not materially different to that valuation, but a 5-yearly revaluation will be arranged for completion in 2026. Had this class of asset been measured on a historical cost basis, their carrying amount would have been £624,023 (2024 - £624,023).
26
Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Note 9 – Investments
| Unrestricted | Restricted | Total | Prior Year | |
|---|---|---|---|---|
| Market Value Brought Forward | 101 | 0 | 101 | 101 |
| Additions | 0 | 0 | 0 | 0 |
| Disposals | 0 | 0 | 0 | 0 |
| Gains (losses) | 0 | 0 | 0 | 0 |
| Market Value Carried Forward | 101 | 0 | 101 | 101 |
Details of undertakings
Details of the investments in which the charity holds 20% or more of the nominal value of any class of share capital are as follows:
| Undertaking | Country of | Holding | Proportion of voting rights and shares held | Proportion of voting rights and shares held | Principal Activity |
|---|---|---|---|---|---|
| incorporation | |||||
| Subsidiary undertakings | 2025 | 2024 | |||
| Three Central Limited | England | Ordinary shares | 100% | 100% | Management of |
| property at 3 London | |||||
| Road, Redhill |
The loss for the financial period of Three Central Limited was -£40,502 (2024 - £45,851) and the aggregate amount of capital and reserves at the end of the period was £130,115 (2024 - £170,617).
Note 10 – Debtors & Creditors
Accounts Receivable
| Description | Amount |
|---|---|
| Gift Aid | 4,412 |
| Trade Debtors | 200 |
| Total | 4,612 |
Total Accounts Receivable for the prior year (2024) were £10,436:
-
Trade Debtors £1,499
-
Gift Aid £4,173
-
Other £4,764
Prepayments
| Description | Amount |
|---|---|
| Prepayments | 46,146 |
| Stock | 0 |
| Total | 46,146 |
Prepayments for the prior year (2024) were £56,120, consisting of:
-
Prepayments £54,223
-
West Central Stock £1,897
Prepayments related to deposits and other payments for future Church Weekend Aways and youth NewDay conferences.
- £1,897 of stock at the West Central café was run-down and written-off during the financial period.
27
Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Accounts Payable
| Description | 2025 | 2024 |
|---|---|---|
| Accruals | 13,781 | 0 |
| Finance Lease Liabilities | 0 | 0 |
| Tax & Social Security | 2,438 | 4,885 |
| Trade Creditors | 0 | 36,323 |
| Total | 16,219 | 41,208 |
Deferred Income
| Description | 2025 | 2024 |
|---|---|---|
| Balance at beginning of reporting period | 20,542 | 1,751 |
| Amount released to income | (20,542) | (1,751) |
| Amount deferred in year (relating to NewDay 2025 Youth trip) |
1,570 | 20,542 |
| Balance at end of the reporting period | 1,570 | 20,542 |
Deferred Income for the prior year (2024) was £20,542. This represents ticket sales for a Church weekend away held in June 2024. Similarly, deferred income for 2025 was £1,570 and represents ticket sales for a youth trip to New Day held in August 2025.
28
Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Note 11- Analysis of Charitable Funds
Current Year
| Fund Name | Investment Gains (or | |||||
|---|---|---|---|---|---|---|
| Opening Balance | Income | Expenditure | Fund Transfers | Closing Balance | ||
| Losses) | ||||||
| Unrestricted | ||||||
| General (Unrestricted) | 240,031 | 378,411 | (388,536) | (2,699) | 0 | 227,206 |
| Fixed Assets (Unrestricted) |
7,894 | 0 | (5,422) | 3,499 | 0 | 5,970 |
| West Central (Income & Expenses) (Unrestricted) |
0 | 9,381 | (9,381) | 0 | 0 | 0 |
| Total | 247,925 | 387,791 | (403,340) | 800 | 0 | 233,177 |
| Designated | ||||||
| Building Maintenance Fund (Designated) |
18,900 | 0 | 0 | 0 | 0 | 18,900 |
| Revaluation Reserve | 775,977 | 0 | 0 | 0 | 0 | 775,977 |
| Projects and Events (Designated) |
0 | 52,885 | (52,885) | 0 | 0 | 0 |
| Sound Mixer (Designated) |
0 | 0 | 0 | 1,200 | 0 | 1,200 |
| Total | 794,877 | 52,885 | (52,885) | 1,200 | 0 | 796,077 |
| Unrestricted Total | 1,042,802 | 440,676 | (456,224) | 2,000 | 0 | 1,029,254 |
| Restricted | ||||||
| National and International Fund (Restricted) |
12,093 | 18,490 | (13,896) | 0 | 0 | 16,686 |
| ACTS Fund (Restricted) |
6,244 | 25,462 | (18,825) | (2,000) | 0 | 10,881 |
| Local Mission Offering (Restricted) |
51,742 | 5,455 | (1,800) | 0 | 0 | 55,397 |
| Elphick Fund (Restricted) |
8,750 | 0 | 0 | 0 | 0 | 8,750 |
| CDA Fund (Restricted) | 3,048 | 23,925 | (23,311) | 0 | 0 | 3,661 |
| English Classes Fund (Restricted) |
1,138 | 1,360 | (231) | 0 | 0 | 2,267 |
| Building Fund (Restricted) |
624,023 | 0 | 0 | 0 | 0 | 624,023 |
| Youth Fund (Restricted) |
3,210 | 2,775 | 0 | 0 | 0 | 5,985 |
| Foodbank Fund (Restricted) |
62 | 100 | 0 | 0 | 0 | 162 |
| Refugee Fund (Restricted) |
645 | 719 | (719) | 0 | 0 | 645 |
| West Central Fund (Restricted) |
2,526 | 0 | (2,526) | 0 | 0 | 0 |
| Embrace Funds Reserve (Restricted) |
2,146 | 803 | (286) | 0 | 0 | 2,663 |
| Special collections (Restricted) |
0 | 1,305 | (1,228) | 0 | 0 | 77 |
| Total | 715,627 | 80,393 | (62,823) | (2,000) | 0 | 731,197 |
| Restricted Total | 715,627 | 80,393 | (62,823) | (2,000) | 0 | 731,197 |
| TOTAL | 1,758,429 | 521,069 | (519,047) | 0 | 0 | 1,760,450 |
29
Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Prior Year
| Fund Name | Investment Gains (or | |||||
|---|---|---|---|---|---|---|
| Opening Balance | Income | Expenditure | Fund Transfers | Closing Balance | ||
| Losses) | ||||||
| Unrestricted | ||||||
| General (Unrestricted) | 357,523 | 498,621 | (473,000) | 278,196 | 0 | 661,340* |
| West Central (Income & Expenses) (Unrestricted) |
0 | 0 | 0 | 0 | 0 | 0 |
| Total | 357,523 | 498,621 | (473,000) | 278,196 | 0 | 661,340 |
| Designated | ||||||
| Building Maintenance Fund (Designated) |
12,900 | 0 | 0 | 6,000 | 0 | 18,900 |
| Projects and Events (Designated) |
0 | 0 | 0 | 0 | 0 | 0 |
| Sound Mixer (Designated) |
0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12,900 | 0 | 0 | 6,000 | 0 | 18,900 |
| Unrestricted Total | 370,423 | 498,621 | (473,000) | 284,196 | 0 | 680,240 |
| Restricted | ||||||
| National and International Fund (Restricted) |
18,442 | 15,818 | (22,167) | 0 | 0 | 12,093 |
| ACTS Fund (Restricted) |
6,896 | 5,209 | (5,861) | 0 | 0 | 6,244 |
| Local Mission Offering (Restricted) |
51,212 | 23,588 | (23,058) | 0 | 0 | 51,742 |
| Elphick Fund (Restricted) |
8,750 | 0 | 0 | 0 | 0 | 8,750 |
| CDA Fund (Restricted) | 11,485 | 44,234 | (52,671) | 0 | 0 | 3,048 |
| English Classes Fund (Restricted) |
1,501 | 460 | (823) | 0 | 0 | 1,138 |
| Building Fund (Restricted) |
986,585 | 0 | 0 | 0 | 0 | 986,585** |
| Youth Fund (Restricted) |
1,417 | 5,706 | (3,913) | 0 | 0 | 3,210 |
| Foodbank Fund (Restricted) |
62 | 0 | 0 | 0 | 0 | 62 |
| Refugee Fund (Restricted) |
0 | 2,225 | (1,580) | 0 | 0 | 645 |
| West Central Fund (Restricted) |
2,526 | 0 | 0 | 0 | 0 | 2,526 |
| Embrace Funds Reserve (Restricted) |
3,209 | 209 | (1,272) | 0 | 0 | 2,146 |
| Special collections (Restricted) |
0 | 0 | 0 | 0 | 0 | 0 |
| Sing Central | 184 | 0 | (184) | 0 | 0 | 0 |
| Mortgage Redemption | 0 | 288,635 | (4,439) | (284,196) | 0 | 0 |
| Chatty Cafe | 0 | 765 | (765) | 0 | 0 | 0 |
| Total | 1,092,269 | 386,849 | (116,733) | (284,196) | 0 | 1,078,189 |
| Restricted Total | 1,092,269 | 386,849 | (116,733) | 0 | 0 | 1,078,189 |
| TOTAL | 1,462,692 | 885,470 | (589,733) | 0 | 0 | 1,758,429 |
*Includes £421,309 of fixed assets separated into designated funds for subsequent financial year, in accordance with SORP guidance.
**includes £362,562 of revaluation gain separated into a designated fund for subsequent financial year, in accordance with SORP guidance.
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Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Fund Transfers
| Description | From | To | Amount |
|---|---|---|---|
| Support for cost of tickets | ACTS Fund | General | 1,000 |
| Support for cost of tickets for NewDay | ACTS Fund | General | 1,000 |
| Monthly contribution towards Sound desk replacement |
General | Sound Mixer | 1,200 |
| Additions to Fixed Asset fund (cash purchase from General Fund) |
General | Fixed Assets | 3,499 |
Fund Descriptions
| Name | Description |
|---|---|
| General | The unrestricted funds of the church |
| Fixed Assets Fund | Fund to account for the value of unrestricted fixed assets, previously held in the General Fund. |
| Revaluation Fund | A SORP revaluation fund holding unrealized gains from revaluing property above their historical cost |
| Building Maintenance Fund | The Building Maintenance Fund has been designated to hold funds for maintenance of church premises. |
| National and International Fund | The National and International Fund was created to help people in Christian ministries overseas with finances. |
| ACTS Fund | The ACTS fund is set up to help those who have specific sort term financial needs, generally but not exclusively, those within the church family |
| Local Mission Offering | The Local Mission Offering fund is used to support local mission in our area, either carried out by our church or in partnership with other churches. |
| Elphick Fund | The Elphick Fund is to be used to assist with costs for those training for ministry. |
| CDA Fund | The CDA Fund is used to run a debt advice service. |
| English Classes Fund | The English Classes Fund has been set up to help with English classes for local people. |
| Building Fund | This fund holds the church's freehold property in Redhill Town Centre. |
| Youth Fund | The youth fund was created to accumulate funds to be used to provide financial support for our annual residential youth trip and to support the development of a youth band. |
| Foodbank Fund | The Foodbank fund is to be used to provide financial support to our local foodbank. |
| Refugee Fund | The Refugee Fund receives donations specifically to support those housed in our community who are refugees. The small size of the fund means we focus on those known to us as a church. |
| West Central Fund | The West Central Fund has been setup to fund operational costs for our West Central Coffee Shop premises. |
| Embrace Funds Reserve | The Embrace Fund has been set up to provide an outreach to our local Neo-Natal unit. |
| Projects and Events | The Project and Events fund is an internal fund used by the church to track income and expenditure relating to projects and events. |
| Special collections | The Special Collections fund houses restricted offerings taken for individuals or organisations on behalf of the church. |
| West Central (Income & Expenses) | This is an internal fund used by the church to account for Income & expenses for Coffee Shop |
| Sound Mixer | The Sound Mixer fund is a sinking fund for the replacement of a sound mixer, funded at £100 p/m |
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Reports and Accounts for Christ Central Redhill for the Financial Year Ending 31[st] March 2025
Note 12 - Transactions to Related Parties
Mark Hope, brother of Laurence Hope and brother-in-law of Cherie Hope, both trustees, received remuneration of £53,042 (2024: £50,516) as employee of the charity and benefits in the form of pension contributions of £4,243 (2024: £4,041).
Also, in the prior year (2024):
Julie Dowie, wife of Neil Dowie, a former trustee, received remuneration of £18,630 as finance manager of the church, and benefits in the form of pension contributions of £1,490. Employment ceased in the 2024 Financial Year.
Pascale Siddall, wife of Rob Siddall, a former trustee, received remuneration of £20,139 as employee of the charity and benefits in the form of pension contributions of £1,611. Employment ceased in the 2024 Financial Year.
Note 13 - Prior Period Adjustment
There were no prior year adjustments. Some of the prior-year expenditure categorisation within these accounts has been recategorized for comparison purposes, due to a change in accounting system for the current financial year. Totals for unrestricted expenditure, restricted expenditure and total expenditure remains unchanged.
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