Charity regi5tratlon number 1201258
Central Church Bideford
Annual Report and Fingnaal Statements
for the perh)d from 7 December 2022 to 31 March 2024
WESTCOTTS
CHARTERED ACtOUllTAMTS
4 BUSINCSJ ADVtSENS

Central Church Bideford
Contents (continued)
Reference and Admlnlstralive Details
Trustees, Rewt
2103
Independent Examinees Rerk)rt
ststement of FInan￿al Athilie8
Balance Sheet
Notes to the Financtal Statements
71014

Central Church Bideford
Reference and Admlnlstrative Details
Twstees..
Andrew Lynch (appointed 7 December 2022)
Cra5g Ma¢kay lappoinled 7 December 2022}
David Symons lappolnted 7 December 2022)
Victc¥ia Price lappoinled 7 December 2022>
Susan Rimmer (appointed 7 December 20221
Geoffrey Gilbert lappolnted 7 December 2022)
Jonathan PoyTrer lappointed 11 December 20231
Chris Willis (appointed 7 December 2022 and resign8(1 11
December 20231
Charity Regislratlon Number
1201258
Principal Offlce
27 Bay View Road
Northam
Bideford
Devon
EX38 18H
Westcotts ISWI LLP
47 Boutport Street
Barnstaple
Devon
Indèpondent Examiner
EX31 1SQ
Page 1

Central Church Bldeford
Trustees. Report
The truslees present the annual report together with the finandal Statements of the charity for the
period ended 31 March 2024.
Objedivgs and alms of tho charity
We alm to promote the Christian relwJion in North Devon and Torrfdge through weokly Sunday
s￿ViCes, family groups, and regular Aph8 Courses. and to relieve poverty.
Publi¢ Benefit
The charty aCkno￿edge3 Its requirement to demonstrate dearly that it must have charitable
purposes that are for the public beneff(. Details of how the charity has chieved this are provided in the
Trustees. report. The Trustees confiTm that they have paid due regard lo the Charity Commission
guidance on publlc benefit before deuding thich activities the charity should uThJertake.
How our activities deliver publlc ￿nefit
Central Church Bideford holds wee￿Y meetlngs in Bideford eaGh Sunday al Bideford College. There
are dedlcated children's groups for children aged 3 to 15 and a creche. There are regular mid-week
groups, including one for earfy secondary age children and one for older teenagers. The majority of
people who attend Central Church are part of a small group. These groups are desiyned lo provide
mmunity in the church where people can find support, encouragement. and go deeper in their
exploration of the Christian faith.
We have run Alpha ￿UrseS throughout the period: the8e are courses that enable people of any faith
or none to engage with the claims of Christianity In a discusslon based envlronmenl.
We have continued to support the East-the-water Community Pantry Ihroygh collecting donatlons
throughout the year, and by packnng Chrfstmas Harnpers to be given out al Christrn8s. We have also
Supported the Christmas ShoeLx)x appeal of Samaritan's Purse Inlematlonal, another UK registered
charity, by collecting donations from ca)urch members.
Financial revlew
During the first perKJd of operation for the charty, Central Church 8ideford received income totalling
£203,328 and Incurred expenditure totslling £143,355. AJI income re￿iVed was unrestricted.
ReseThies Policy
Central Church aims to hold the equNalent of three months expenditure as general reserves. As al
31st March 2024. the charity held free reserves of £56,522, thi5 represents approximately 4 months
expenditure.
Events after the period
Central Church became the Tru$lee of the Bethel Chapel and Manse in Easl-thfrwater in September
2024.
Page 2

C•ntral Church Bideford
Trust608' Report (contlnued)
Slatsm•nt of Tru8t•o8' R••pgn8lbllld•s
The tru$lee6 aro r06pon6lbl8 for praparing th& Irust8e5' rowt and the finandal stat8m8nts In
a(￿OrdanCe wlth the United Klngdom Aceountlng Stsndards (Unlted Kirwdom Generally Accepted
coundng Prac¥￿) and ¥pplJcoble and regul*knns.
Thg law gppllcablg to charitlos rgqulrg6 th• tru6tBe$ lo pr8pafe financlal slatem$nts for 88ch ff nancial
parlod whlch glve a trua and falr vi8w of tho stsi& of affalrs of the charlty 8nd of the Incornlng
r08ources and appllcatlon ol resources of the charity for Ihai polc¥J. In preparfrnJ these fflnartial
8tatsmenl8. the trus18&s are requlred to:
Sdeca suNablè 8ceountlng TxAlcle8 8nd than apply theffl con8lst&ndy.
observe the molly)d8 and princlple8 in the ChBrib¢e SORP.,
m¥ko5udgements and e811msWS that are reasonable and pruijent.,
yl•ts whethor applkabl8 acc￿n￿ng Blondard¥ havg b￿￿ followe4 sublo¢t to any Mate￿al
dep8rtuts¥ dlscS)8ed •nd &xpLglnod In the fir$8rri81 stotemants; and
prepare the finandal st8lemen18 On Ihe golng Goncem basls un1088 Inapproprfate to preiumg
that the ¢harity Mll conllnu¢ In ￿sin¥S5.
Th& Injslegs arg re8pon81ble for k8eplng propor accountlng rgrA)rd8 that wlih reasoTrable
acr#Jracy al any time lh& fiNanclal p¢)sition of the chadty and enabl8 them Io 8nsurè th81 the financial
¥tsternBnts comply with thg Chsri1S08 AGI 2011, lh8 Charllio8 IAcLyJunts ond Reports) Rogulalions
2008, and th& provlslon5 01 the con5tltutlon. The tru5tÈès are also responslb18 s8feguardlng Ihe
assets el ¢he charfty and hence for tsklng reaxnable steps lor prevonlon 8nd dateclion of fraud
and other IrregularlUe8.
Th& IrusteaB are responBibla for Ihe molntenan¢8 and Iniegrfty of Ihè corporats Bnd Inenclal
Inform8tlon Induded on Ihe charft8ble companys websits. LogislatiLn gOv￿nIng the preporauon and
dls8emlnatbn ol financw ststernents moy dlff8r from log1th￿On In otsrlurbdlctlonB.
iY/i I
Tho gnnual rnport was approved by thè tnJ51ee8 of the cherfty w ............
behalf ty.
#nd ￿gned on Its
Andrew L￿ClI
Trustee
Paga 3

Central Church Bideford
Independent Examinerfs Report to the trustees of Central Church Bideford
I report to the trustees on my examination of the accounts of Central Church Bideford for the year
ended 31 March 2024.
Responsibilities and basis of report
AS the charity trustees of Central Church Bideford you are responsible for the preparation of the
accounts in a￿rdance with the requirements of the Charilie8 Act 2011 1.the Act.).
I report in respect of my examinatior) of the Central Church 8ideford's accounts carried out under
secli¢M 145 of the 2011 Act and in carrying out rny examination I have followed all the applicable
DirectKJns given by the Charity Commission under section 145151(bl of the Act.
Independent examlnevs stalement
I have completed my examination. I confirm Ihat no material matters have come to my attention
connection wth the examination giving me cause to be&￿ve that in any material respect..
1. accounting record8 were not kept in respect of Central Church Bideford as required by section
130 of the Acl; or
2. the accounts do not accord with those ￿COldS,. or
3. the accourb15 do not comply wrth the accounting requirements concemlng the form and content of
aceounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requSrement that the accounts give a 'twe and fair Vie￿ whith is nol a matter considered as part
of an independent examination.
I have no cor￿emS and have come across no other matters In ￿nnectiOn wlth the exaMinat￿n to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Catherine Williams FCA DChA
Independent Examiner
Weslcotts ISWI LLP
47 Boulport Street
Barnstsple
Devon
EX31 1SQ
Dale'..•a..............
Page 4

Ceniral Church Bldeford
statement of Financial Activities for the Perlod from 7 December 2022 to 31
March 2024
Unr•stricted
funds
Total
2024
Note
Income and Endowments from:
Cknnations and legacie5
Charitable activities
Investment income
203.198
69
61
203,198
69
61
Total ￿n￿m&
203,328
203,328
Expenditure on:
Charflable actimties
143.355
1143,355)
Total experKliture
143.355
143,355
Net income
59,973
59.973
Net movement In funds
59.973
Sg,973
Reconclllatlon of funds
Total funds carrled foward
17
59.973
59,973
l of the charW8 actimtles derive from continuing operations during the atw)ve period.
The notes on pages 7 to 14 fomi an integral part of these financial ststernents.
Page 5

Central Church BSdeford
(Reg13tratlon number: 1201258)
Balance Sheet as at 31 March 2024
2024
Not•
Flxed
T8ngibla assets
13
3,451
Currènt AS￿1$
Debtors
Cash at bank and In hand
14
2.913
57,331
60.2M
Cr•(ItoTs: Amounts falllng du• wlthln one y•
15
N•t ¢urrgnt a•s•1s
se,522
59,973
N•t a•s9ts
Fund• ofth• dwrlty:
Unmtrfctsd Incom• fund8
UnTrslwlcted fund8
59,973
59,973
T¢)tal
17
Thg Inandal 8latsments on page8 5 to 14 were aH)rov•d ty Ihe tNsb•s, arKI authedsed for158Ue Dn
14*.1.i.i.r. and 81gned on Iheir behJl by:
The Th)tss on paggs 7 to 14 fm an IntsgTal part ofthese fln¥ndpl 81at8merts.
Paga 8

Central Church Bldeford
Notes to the Financial Statements for the Perlod from 7 December 2022 to 31
March 2024
1 Accountlng policies
Statement of Compliance
The financial ststements have been prepared in accLJrdanr* with the second edilion of the Charities
Statement of Recommended Practice issued in October 2019, the Financial Repo￿ng Standard
applicable in the United Kingdom and Republic of Ireland (FRS 1021 and the Charitie8 Act 2011.
Basis of preparation
Central Church Bideford meets the definition of a public benefit entity under FRS 102. The accounts
(financial slalementsl have been prepared under the historical cost convention with items recognised
al cost or transaction value unless Otherwise stated in the relevant notelsl to these accounts. The
accounts are prepared in sterfing which is the fvnctional (#Jrrency of the charity.
Going concern
The trustees consider that there are no materi81 un￿rtaIn￿e$ al)out the charitys ability to conunue as
going concem.
Income and endowments
Voluntsry income induding donations, gifts, legaoyes and grants that provide core funding or are of
general nature is recoonised when the charity has entitlement to the Inco￿￿, it is probable that the
income wll be recelved and the amount cars be measured with SLffllcient reli8bilty.
Donations andlegacies
Donations and legacies are recogn18ed on a receivable basi5 when receipt is probable and the
amount can be rellably measured.
Investment In¢ome
Dividends are recognised once the dividend has been dedared and nO￿fication ha8 been re￿iVed of
the dividend due.
Expenditure
l expenditure Is recoonised once there is a legal or wnstrudve ci)ligation to that expenditure. it is
probable settlement is required and the aTnounl can be measured reliably. All Costs are allocated to
the appliGable expenditure heading that aggiegate similar ¢osts to that category. Where costs ￿nn0t
be dlrecuy attributed lo parbujlar headings they have been allocated on a basis wnsistenl with the
use of resources, with ￿ntral staff costs allocated on the basis of time spen( and deprecjation
charges allocated on the portion of the asset's use. Other sUPPOrt costs are allocated based on the
spread of stsff costs.
Charftable ac¢ivltle$
Charitable expendlture comprises those costs Incurred by the charity in the delivery of its activities
and ServI￿S for its beneficiaries. 11 in¢ludes both costs that can be allocated directly to such activitie8
and those ¢osts of an indired nature necessary to support them.
Page 7

Central Church Bldeford
Notes to the Financlal Statements for the Perlod from 7 December 2022 to 31
March 2024 (contlnued)
Grant provlsions
Provisions for grants are made vthen the intention lo make a grant has been communicated to the
recipient but there Is uncertainty 8bout either the timing of the grant or the amount of grant payable.
Supp¢rt costs
Support costs indude central lunctKJns and have been allocated to activity cost categories on a basls
)nststent wth the use of resources, for examplf:, alloczting property costs by floor area8, or per
caplta. staff costs by the Ime spent and other costs by their usage.
Taxation
The charity is consldered to pass the tests set out in Paragrakth 1 Schedule 6 of the Finane* Act 2010
and therefore (t meets the delinitlon of a charitable company for UK ojrporation lax purposes.
Accordingly. the charity is potentially exempt from tsxation in respeot of incA)me or capital gains
re￿IVed wthin 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 in¢x)me or gains are
applied exclusively lo charitatAe purposes.
Tangible fix•d assets
Indfvidual fixed assets are initially recorded al cost, less any Subsequent aocumulated depr￿latIOn
and subsequent accumulated Impaiment losses.
Deprgciation and amortisation
Depreciation 1$ provided on tangible fixed assets 80 8$ to write off the cost C￿ valualion, less any
estimated residual value. over their eypecte(l useful ecorh)mic lffe as follows=
Depreclatlon method and rate
25% straight line
Asset class
Equipment. fixtures and fittlngs
Cash and cash equivalents
Cash and cash equivalents CA)mprise cash on hand and call deposts, and other short-term highly
liquid investments that are readily cOnVe￿bIe to a known amount of caBh and are 8uble¢t to an
Insignrficant risk of change ir) value.
Fund structure
Unrestiioled income funds are general funds that are available for use at the trustees di$Gretlon in
fvrtherance of the objective$ of the charty.
FlnanGial Instruments
Classmlcètlon
Financial assets and financial liabilities are recognl8ed when the charity becomes a party to the
contiactual provisions of the inslrumenl.
Financial liabilities and equity instruments are dassrfied according lo the substsnce of the contractual
arrangements entered into. An equity instrument is any contract that evhdenos a residual interest in
the assets of the charity after dedu¢ting all of115 liabilities.
Page 8

Central Church Bideford
Note5 to the Financial Statements for the Period from 7 December 2022 to 31
March 2024 (contlnued)
Recognltlon and measurement
All financk41 assets and liabilityes are initially measured at transaction price (including Iransaclion
costs). except for those finanual assets classified as al f8ir value through profil or loss, which are
initially measured at fair value {whith is normalSy the transaction price exduding transaction ￿$ts1,
unless the arrangement c¥Jnsif(ules a financing transaction. If an arrangement constitutes a finanang
Iransactron, the financial asset or financial liability is measured at the present value of the futu[0
payments discouriled at a market rate of interest for a similar debt instrument.
Financial assets and llaknl￿eS are only offsel in the stslement of financial position when. antl on
when there exists a legally enforceable right to sel off the recogni8ed amounts and the charity intend8
either lo setue on 8 net basis, or lo realise the asset and settle the Ilability simumaneously.
Financlal assets are derecognised when and only when a} the conlraclual rights to the cash flows
from the financial asset explre or are settled, bl the charity ￿nSferS lo another party substantially all
of the rlsks and rewards of ownership of the financial asset, or c} the chaTily, despite having retained
some, but not all, svJnifi¢ant risks and rewards of ownership, has Iransferred control of the asset to
another party.
Financial liabilities are derecconised only when Ihe obli9atlon specrfied in the contract k8 discharged.
cancelled or expires.
2 In￿ne from donations and 1ogaci•s
Unrestrictsd
funds
General
Total
2024
Donations and legacies;
Donations received
203,198
203,198
203,198
203,198
3 Income from Gharitable activities
Unrestricted
funds
General
Total
2024
Charitable Activities
69
69
Page 9

Central Church Bldeford
Notss to the Flnancial Statements for the Perlod from 7 December 2022 to 31
March 2024 (¢ontlnued}
4 Investment ineom8
Unrestricted
tunds
General
Total
2024
Bank Interest I￿1Vable
61
61
61
61
S Expenditurn on charitable actlvilios
Unrestrlctsd
fund5
Goneral
Total
2024
Charitsble Advitles
Grarbt fundiNJ of activities
Allocated support costs
126.725
500
16,130
143,35S
126,725
500
16,130
143,355
Page 10

Central Church Bldeford
Noles to the Financlal Statements for the Perlod from 7 December 2022 to 31
March 2024 (contlnued)
6 Analysls of support costs
Support costs allocated to charitablè activities
Total
2024
Independent examineffs remuneration
Office costs
A￿￿ntancY and payToII costs
Legal and professional fees
Bank charges
1,440
4,281
1.846
8,503
60
16.130
7 Grantwmaking
Analysis of grants
Grants to
individuals
2024
Analysis
Grants
500
The support costs assoclated with granl-making are £Nil.
8 Nel incomingloutgoing resou￿9$
Nel incomingloulgoing resources for Ihe period indude:
2024
Depreciation of fixed assets
1,152
9 Trustees reMu￿ratiOn and e￿nSeS
From lime to tSme Trustees will make sundry purchases for which they are reimbursed against
receipts. Two Trustee is paid for their role Mlhin ihe churth, during the year they were paid £72.286.
They do not receive any remuneration in respect of their role 88 a Trustee of the charity. In addition,
one Trustee received a monthly ministy gift totalling £3,600.
Page11

Central Church Bideford
Notes to the Financlal Statements for the Perlod from 7 December 2022 to 31
March 2024 (contlnued}
10 Staff Costs
The ag9regale payroll Costs were as follows:
2024
Staff costs during Ihe period were:
Wages and salaries
SoeAal ser#Jrity costs
Pension costs
72,966
2.116
4.921
80,003
The monthly average number of persons (induding senlor management I leadershlp team) employed
by the Gharily durin9 the period was as follows..
2024
No
Employees
No efflployee receNeil emoluments of more Ihan £60,￿0 durlng the per￿d
11 Indepèndent •xamlnerfs remuneratlon
2024
Examination of the finanaal statements
1.440
Page 12

Central Church Bideford
Notes to the Financlal Statements for the Perlod from 7 December 2022 to 31
March 2024 (contlnued)
12 Taxation
The charity18 8 registered charity and is therefore exemptfrom toxation.
13 Tangible fixed assets
Furniture
and
equipment
Total
Cost
Additions
4.603
4.603
At 31 Ma￿h 2024
4,603
4,603
Depreciation
Charge for the year
At 31 Marc*b 2024
1,152
1,152
1.152
1,152
Net book value
At 31 March 2024
3,451
3,451
14 Debtors
2024
Prepayments
Other debtors
2,708
205
2,913
15 Credito￿. arnounts falling due within one year
2024
Trade creditors
Other creditors
Accruals
1,773
3e8
1.581
3,722
16 Pgnsion and olher schemes
Defined contrilxrtion pension xheme
The charty operates a defined contribution pension scheme. The pen8ion cost tharge for the period
represenis contiibutions payable by the tharity to the scheme and amounted to £4,921
Page 13

Central Church Bideford
Notes to the Flnanclal Statements for the Perlod from 7 December 2022 to 31
March 2024 (continued)
17 Funds
Balance al 7
December
2022
Balance at
31 March
2024
Incomlng
resources
Resources
expended
Unrestrlcted funds
General
General Funds
203,328
143.355
59.973
18 Analysis of net assets b•tween funds
Unrestricted
funds
General
Total funds
at 31 March
2024
Tangible fixed assets
Current as8et$
CutTent liabilities
3,451
60,244
3.722
3,451
60.244
3,722
59.973
Total net assets
59.973
19 Related party transactions
There were no ￿lated paty Ir8n8aotions in the pericmj.
20 Non4djusting events after the financial period
Central Church Bideford became the Trustee of the Bethel Chapel arKI Manse in East-the•Water
September 2D24.
Page 14