Charity number: 1191935
CHRISTIAN LIFE CENTRE HORSHAM CIO
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
CHRISTIAN LIFE CENTRE HORSHAM CIO
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 7 |
| Independent examiner's report | 8 - 9 |
| Statement of financial activities | 10 |
| Balance sheet | 11 |
| Notes to the financial statements | 12 - 24 |
CHRISTIAN LIFE CENTRE HORSHAM CIO
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
S Fishpool D Rancic A Stevens
M Giacomelli C Green
L James (appointed 10 December 2024)
Charity registered number
1191935
Principal office
51a East Street Horsham West Sussex RH12 1HR
Accountants
Venthams Chartered Accountants Millhouse 32 - 38 East Street Rochford Essex SS4 1DB
Bankers
Lloyds TSB Bank PLC 1 West Street Horsham West Sussex RH12 1PA
Solicitors
H3 Solicitors 1 Oak Place Rosier Business Park Coneyhurst Road Billingshurst West Sussex RH14 9DE
Page 1
CHRISTIAN LIFE CENTRE HORSHAM CIO
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report together with the financial statements of the charity for the 1 January 2024 to 31 December 2024.
Objectives and activities
a. Policies and objectives
i) To advance the Christian Faith in accordance with the Statement of Beliefs appearing in the Schedule attached to the CIO Constitution in West Sussex and in such other parts of the United Kingdom or the world as the Trustees may, from time to time, think fit and to fulfil; such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the church;
and
ii) To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said location and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. Throughout the year, Christian Life Centre Horsham CIO has undertaken many activities in the furtherance of its stated objectives and believes that these activities have provided public benefit to both members of the congregation and the wider community of Horsham.
b. Activities undertaken to achieve objectives
The charity operates in line with its main objective, being to advance the Christian Faith, mainly in the ongoing provision of church services and activities to the local community in Horsham. The charity, through the activities of the church, continues to support the combined activities of the wider Christian church in the local community through active support of Horsham Churches Together, both financially and through active participation in other events in the town that are aimed to share the Gospel and provide practical support and assistance to the community. In line with our objectives we are able to further support the sharing of God's word throughout the UK and the world by supporting our church members and associates working for organisations and whilst on missions.
Page 2
CHRISTIAN LIFE CENTRE HORSHAM CIO
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Objectives and activities (continued)
Achievements and performance
a. Main achievements of the charity
In 2024, the charity undertook a wide range of activities in pursuit of its main charitable objective, to advance the Christian Faith. Through the activities of the church the charity continues to support the wider Christian Church, both in the local community, nationally and internationally. The trustees consider these activities, detailed below, to be beneficial to the church membership and the wider local community in Horsham. Religious Activities
Weekly Church Services
The church holds a weekly Sunday morning service at two venues, one in the centre of Horsham town and one in Roffey on the outskirts of the town. Everyone is welcome to attend these meetings and share in the life of the church, including prayer, worship and the message of the gospel. The service may also entail other activities associated with the Christian Faith e.g. communion. We continue to stream our services online in order to enable church members unable to attend in person to participate online. Following our services our sermons are made available online and thus accessible to wider community.
Special Services
The church periodically holds special services to celebrate events in the Christian Calendar, at which everyone is welcome; most notably Easter and Christmas including a public Carol Service in Horsham Park.
Prayer
The church holds a monthly prayer meeting for the entire church community. These provide opportunity to pray for a wide range of issues, from local to international level. A weekly online prayer meeting continued during the year.
Community Groups
Outside of the main church services the church meets on a weekly basis in smaller, less formal groups for discussion, teaching, worship, prayer and social events. These meetings are a good opportunity to build relationships and develop a greater understanding of the Christian Faith. Growing relationships and community is at the heart of what the small groups are intended to do.
Newcomers to the church are invited, if they wish, to visit these groups in order for them to experience and be integrated into church community outside a Sunday morning.
Men’s and Women’s Ministries
During the year the church provided opportunities for men and women in the church to meet together for fellowship and to grow in faith, through a series of meetings and weekend events. In addition we were joined by parties from other partnering Four12 Churches, who we invited to join us.
Marriages
The church is a registered building for marriage ceremonies and is publicly available for use as such. One wedding ceremony was conducted during the year.
Tithes
We believe that tithing is the practical and consistent way that we put God first in our lives. As a church we make a financial donation/tithe, based on a percentage of our income, to Four12 Global with whom we relate in respect of apostolic oversight.
Almsgiving
We believe that giving in order to bring relief to those in need or suffering hardship is an important outworking of our Christian faith.
Horsham Churches Together
The collective church in Horsham arrange public events throughout the year which we regularly participate in
Page 3
CHRISTIAN LIFE CENTRE HORSHAM CIO
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance (continued)
and support. In addition, we make a monthly financial contribution to HCT for the purpose of employing a churches coordinator. Our Lead Elder is an active member of the Horsham Churches Minister’s fraternal which meets regularly to discuss and pray about local issues.
Overseas Missions
We continue to financially and spiritually support members of the church in pursuit of overseas mission trips where opportunity presents and make regular financial contributions to support Christian projects and missions outside the UK. The charity continues to honour a long-term commitment to support the work of church staff members (through availability of volunteer hours) who regularly visit a charitable project in Uganda.
In addition, a team from our Church visited partnering Four12 Churches in London, Manchester and Thurrock and in Gran Canaria in order to support and encourage the membership and leaders. Teams from partnering churches in the Netherlands and Dublin also came to similarly support us.
Community Activities
Halls & Rooms
Our hall and rooms at the Christian Life Centre building can be made available for use by local groups and organisations which share our ethos and charitable objectives.
In addition, the church runs the following mid-week initiatives to benefit the community:
• A weekly Community Café, welcoming and offering free cake and hot drinks, company and conversation to all.
• A weekly parent baby and toddler group for local parents and carers
• A weekly Conversation Café offering English as a second language tuition in a café setting
• A weekly meeting for young people in the church and from the community where they can enjoy friendship and grow in the Christian faith in a safe environment. The Group also took part in a Christian youth festival at which young people from the church and the community were able to join with others of their own age from churches across the UK for a weekend of fun, camping and seeking God together.
Community Events
- A Christmas Fair in our town centre building and Easter, Summer and Autumn Fairs in our Roffey location.
b. Investment policy and performance
The charity has no long-term investments. Our reserves are held in a mixture of instant access, 40 day investment and 120 day notice accounts.
Financial review
a. 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. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Page 4
CHRISTIAN LIFE CENTRE HORSHAM CIO
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
b. Reserves policy
The trustees consider that they should hold reserves, excluding the property fund, of at least six months’ running costs as a buffer in the event of the income being reduced due to unforeseen circumstances. The reserves were £359,399 (2023: £285,566), which is comfortably in excess of the target of £109,310 (2023: £51,228 - three months). The charity’s current level of reserves is the result of the sale of our manse property in August 2010. These reserves are partially held to cover unexpected expenses, but mainly for future expansion, ie investment in a new venue and/or refurbishment of our existing venue to accommodate a new congregation.
c. Principal funding
The financial resources of the church are, to a large extent, given by the church members. Total unrestricted fund income amounted to £292,454 representing a increase of £72,194 on the previous year.
The total income for the year was £292,454 (2023: £220,260) and the total expenditure for the year was £218,821 (2023: £204,910). The surplus for the year was £73,633 (2023: £15,350).
Page 5
CHRISTIAN LIFE CENTRE HORSHAM CIO
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management
a. Constitution
Christian Life Centre has been a registered charity since 1 April 2003 (registered number 1097548). However, the trustees considered that this model was not the most suitable for today’s methods of operating and decided that the conversion of the charity to a Charitable Incorporated Organisation (CIO) was the appropriate way to proceed.
The trustees approved the constitution of the CIO and the charity is now constituted by a CIO Foundation dated 22 October 2020, under charity registration number 1191935. An application was subsequently made to the Charity Commission for approval for the transfer of the undertaking, assets and liabilities of the charity to the CIO. This application was approved with the transfer of assets being effective from 1 January 2021.
b. Methods of appointment or election of Trustees
New trustees are appointed by the spiritual leadership of the church on the basis of their expertise and involvement in furthering the objectives of the church.
c. Organisational structure and decision-making policies
The trustees are responsible for setting strategies and policies and for ensuring that these are implemented.
d. Financial 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.
Plans for future periods
Mission Trips
The church has the intention to support members’ desire to partake in mission trips. Where individual people may suffer from low income, at times the church may see it suitable to support financially.
Conferences
CLC intends to partake and host conferences with both UK/British Isle Churches as well as with the Four12 Global organisation. In the past the Trustees have financially supported the pastor and others involved in leadership positions and wish to continue doing so in the future.
Page 6
CHRISTIAN LIFE CENTRE HORSHAM CIO
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of Trustees' responsibilities
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the CIO Foundation. 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.
Approved by order of the members of the board of Trustees and signed on their behalf by:
A Stevens Trustee Date: 2 October 2025
Page 7
CHRISTIAN LIFE CENTRE HORSHAM CIO
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
Independent examiner's report to the Trustees of Christian Life Centre Horsham CIO ('the charity')
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024.
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 the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Page 8
CHRISTIAN LIFE CENTRE HORSHAM CIO
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
Independent examiner's statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts 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.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
Signed: Stuart Harrison
Dated: 2 October 2025
FCA
Venthams
Chartered Accountants Millhouse 32 - 38 East Street Rochford Essex SS4 1DB
Page 9
CHRISTIAN LIFE CENTRE HORSHAM CIO
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Charitable activities 6 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ 284,101 8,353 292,454 218,621 218,621 73,833 303,209 73,833 377,042 |
Restricted funds 2024 £ - - - 200 200 (200) 391 (200) 191 |
Total funds 2024 £ 284,101 8,353 292,454 218,821 218,821 73,633 303,600 73,633 377,233 |
Total funds 2023 £ 217,778 2,482 220,260 |
|---|---|---|---|---|
| 204,910 204,910 |
||||
| 15,350 | ||||
| 288,250 15,350 303,600 |
Page 10
CHRISTIAN LIFE CENTRE HORSHAM CIO
BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024
| Note Fixed assets Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Total net assets Charity funds Restricted funds 14 Unrestricted funds General funds 14 Total unrestricted funds 14 Total funds |
12,812 344,930 357,742 (3,880) 377,042 |
2024 £ 23,371 23,371 353,862 377,233 377,233 191 377,042 377,233 |
10,627 276,032 286,659 (6,438) 303,209 |
Restated 2023 £ 23,379 |
|---|---|---|---|---|
| 23,379 280,221 |
||||
| 303,600 | ||||
| 303,600 | ||||
| 391 303,209 |
||||
| 303,600 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
A Stevens Trustee Date: 2 October 2025
Page 11
CHRISTIAN LIFE CENTRE HORSHAM CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. General information
Christian Life Centre Horsham CIO is an unincorporated charity registered in England and Wales. Its principal office address is 51A East Street, Horsham, RH12 1HR.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Christian Life Centre Horsham CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Page 12
CHRISTIAN LIFE CENTRE HORSHAM CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
2. Accounting policies (continued)
2.4 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.
2.5 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following bases:
| Freehold property | - No depreciation charge |
|---|---|
| Plant and machinery | - 25% straight line |
| Fixtures and fittings | - 25% straight line |
2.6 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.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Liabilities and provisions
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.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.9 Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 13
CHRISTIAN LIFE CENTRE HORSHAM CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
2. Accounting policies (continued)
2.10 Pensions
The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
2.11 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
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CHRISTIAN LIFE CENTRE HORSHAM CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
3. Income from donations and legacies
| Donations Total 2023 |
Unrestricted funds 2024 £ 284,101 216,678 |
Restricted funds 2024 £ - 1,100 |
Total funds 2024 £ 284,101 217,778 |
Total funds 2023 £ 217,778 |
|---|---|---|---|---|
4. Investment income
| Unrestricted funds 2024 Total funds 2024 £ £ Investment income - local cash 8,353 8,353 Total 2023 2,482 2,482 Analysis of grants Grants to Institutions 2024 Total funds 2024 £ £ Grants, Church activites 21,167 21,167 Total 2023 16,946 16,946 The charity has made the following material grants to institutions during the year: |
Total funds 2023 £ 2,482 |
|---|---|
| Total funds 2023 £ 16,946 |
|
5. Analysis of grants
| Name of institution Four12 |
2024 £ 21,167 21,167 |
2023 £ 16,946 16,946 |
|---|---|---|
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CHRISTIAN LIFE CENTRE HORSHAM CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
6. Analysis of expenditure on charitable activities
Summary by fund type
| Church activites Total 2023 |
Unrestricted funds 2024 £ 218,621 203,437 |
Restricted funds 2024 £ 200 1,473 |
Total 2024 £ 218,821 204,910 |
Total 2023 £ 204,910 |
|---|---|---|---|---|
7. Analysis of expenditure by activities
| Church activites Total 2023 |
Activities undertaken directly 2024 £ 195,119 185,558 |
Grant funding of activities 2024 £ 21,167 16,946 |
Support costs 2024 £ 2,535 2,406 |
Total funds 2024 £ 218,821 204,910 |
Total funds 2023 £ 204,910 |
|---|---|---|---|---|---|
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CHRISTIAN LIFE CENTRE HORSHAM CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
7. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Staff costs Depreciation Rates Repairs and maintenance Insurance Light and Heat Telephone Printing, postage and stationery Advertising Staff training Ministry expenses Bank charges Sundry expenses Total 2023 |
Church activites 2024 £ 125,897 2,117 244 8,714 1,535 4,435 1,023 2,514 319 40 47,068 206 1,007 195,119 185,558 |
Total funds 2024 £ 125,897 2,117 244 8,714 1,535 4,435 1,023 2,514 319 40 47,068 206 1,007 195,119 185,558 |
Total funds 2023 £ 117,712 1,409 92 14,529 1,457 4,573 1,140 2,836 304 - 40,349 158 999 185,558 |
|---|---|---|---|
Analysis of support costs
| Legal and professional fees Independent examiners fees Total 2023 |
Church activites 2024 £ 720 1,815 2,535 2,406 |
Total funds 2024 £ 720 1,815 2,535 2,406 |
Total funds 2023 £ 673 1,733 2,406 |
|---|---|---|---|
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CHRISTIAN LIFE CENTRE HORSHAM CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
8. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £1,818 ( 2023 - £1,733 ).
9. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2024 £ 115,208 6,162 4,527 125,897 |
2023 £ 108,580 5,110 4,022 |
|---|---|---|
| 117,712 |
The average number of persons employed by the charity during the year was as follows:
| Ministers Administration |
2024 No. 2 2 4 |
2023 No. 2 3 |
|---|---|---|
| 5 |
No employee received remuneration amounting to more than £60,000 in either year.
10. Trustees' remuneration and expenses
During the year, Steve Fishpool received remuneration of £58,339 (2023: £57,001) for his services as a minister.
During the year, Daniel Rancic received remuneration of £31,542 (2023: £20,439) for his services as a minister.
During the year ended 31 December 2024, expenses totalling £1,009 (2023: £711) were reimbursed or paid directly to 4 Trustees (2023: 3 Trustees).
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CHRISTIAN LIFE CENTRE HORSHAM CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
11. Tangible fixed assets
| Cost or valuation At 1 January 2024 Additions At 31 December 2024 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 |
Freehold property £ 17,643 - 17,643 - - - 17,643 17,643 |
Plant and machinery £ 6,549 864 7,413 5,673 405 6,078 1,335 876 |
Fixtures and fittings £ 13,651 1,245 14,896 8,791 1,712 10,503 4,393 4,860 |
Total £ 37,843 2,109 39,952 |
|---|---|---|---|---|
| 14,464 2,117 16,581 |
||||
| 23,371 | ||||
| 23,379 |
Freehold property was previously recognised at the revalued amount of £750,000. As at 31 December 2024, the Trustees have decided to recognise the freehold property at the original cost of £17,643. As this represents a change in accounting policy, the comparatives have been restated accordingly.
The decision to change accounting policy is due to the cost and administrative burden of obtaining a valuation outweighing the benefit of obtaining a valuation.
The impact of the change in accounting policy is to reduce fixed assets by £732,357 and in particular the freehold property from £750,000 to £17,643 and also to reverse the revaluation reserve in the balance sheet from £732,357 to £Nil.
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CHRISTIAN LIFE CENTRE HORSHAM CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
12. Debtors
| Due within one year Other debtors Prepayments and accrued income |
2024 £ 12,311 501 12,812 |
2023 £ 10,132 495 |
|---|---|---|
| 10,627 |
13. Creditors: Amounts falling due within one year
| Other taxation and social security Other creditors Accruals and deferred income |
2024 £ - 503 3,377 3,880 |
2023 £ 2,255 1,189 2,994 |
|---|---|---|
| 6,438 |
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CHRISTIAN LIFE CENTRE HORSHAM CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
14. Statement of funds
| Statement of funds | ||||
|---|---|---|---|---|
| Statement of funds - current year Unrestricted funds General Fund Property fund Restricted funds Hardship fund Total of funds |
Balance at 1 January 2024 £ 285,566 17,643 303,209 391 303,600 |
Income £ 292,454 - 292,454 - 292,454 |
Expenditure £ (218,621) - (218,621) (200) (218,821) |
Balance at 31 December 2024 £ 359,399 17,643 377,042 |
| 191 | ||||
| 377,233 |
Page 21
CHRISTIAN LIFE CENTRE HORSHAM CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
14. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General Fund Property fund Restricted funds Hardship fund CLC Roffey Congregation fund Total of funds |
Balance at 1 January 2023 £ 269,959 17,643 287,602 648 - 648 288,250 |
Income £ 219,160 - 219,160 - 1,100 1,100 220,260 |
Expenditure £ (203,437) - (203,437) (257) (1,216) (1,473) (204,910) |
Transfers in/out £ (116) - (116) - 116 116 - |
Balance at 31 December 2023 £ 285,566 17,643 303,209 |
|---|---|---|---|---|---|
| 391 - 391 |
|||||
| 303,600 |
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CHRISTIAN LIFE CENTRE HORSHAM CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
15. Summary of funds
Summary of funds - current year
| General funds Restricted funds Summary of funds - prior year Balance at 1 January 2023 £ General funds 287,602 Restricted funds 648 288,250 |
Balance at 1 January 2024 £ 303,209 391 303,600 Income £ 219,160 1,100 220,260 |
Income £ 292,454 - 292,454 Expenditure £ (203,437) (1,473) (204,910) |
Expenditure £ (218,621) (200) (218,821) Transfers in/out £ (116) 116 - |
Balance at 31 December 2024 £ 377,042 191 377,233 |
|---|---|---|---|---|
| Balance at 31 December 2023 £ 303,209 391 303,600 |
||||
| General funds Restricted funds |
16. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Unrestricted funds 2024 £ Tangible fixed assets 23,371 Current assets 357,742 Creditors due within one year (4,071) Total 377,042 |
Restricted funds 2024 £ - - 191 191 |
Total funds 2024 £ 23,371 357,742 (3,880) 377,233 |
|---|---|---|
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CHRISTIAN LIFE CENTRE HORSHAM CIO
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
16. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior period
| Tangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2023 £ 23,379 286,268 (6,438) 303,209 |
Restricted funds 2023 £ - 391 - 391 |
Total funds 2023 £ 23,379 286,659 (6,438) 303,600 |
|---|---|---|---|
17. Pension commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. Pension contributions payable at the balance sheet date amounted to £504 (2023: £1,189). The pension cost charge represents contributions payable by the charity to the fund and amounted to £4,527 (2023: £4,022).
18. Related party transactions
During the year the charity received unrestricted donations of £26,475 (2023: £27,161) from trustees.
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