Chartty $tration number. 1201258 Central Church Bideford Annual Report and Flnandal Slatements for the Year Ended 31 March 2025 WESTCOTTS ¥ARTERED *CCQUNfAIITS 4 BUSINess ADVISERS
Central Church Bideford Contents (continued Reference and Admlnlstraliv$ Details Trustees. Report 2to3 Independent Examinerfs Report statement of Financ4al Act$ Balanee Sheet Notes to the Financlal Statements 7t015
Central Church Bideford Reference and Administrative Detalls Trustees.. Andrew Lyn Craig Mackay David Symons Victoria Price Susan Rimmer Geoffrey Gilbert (resigned 23 November 2024) Jonalhan Poyner Paul Mitchell {appointed 10 November 2025} Charity Registratlon Number 1201258 Principal Office 27 Bay Wiew Road Northam Bideford Devon EX39 18H Westcotts ISWI LLP 47 Boutport Street Barnstaple Devon EX31 1SQ Independent Examiner Page 1
Central Church Bldeford Trustees, Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2025. Obl•clives and aims of thè charlty We aim to promte the Christlan religion in North Devon and Torriilge through weekly Sunday services, family groups, and regular Alpha Course$, and to relieve povety. Public Banefit The charity acknedge$ Its requiremenl lo demonstrate clearly that il must have Charitable purposes that are for the public benefit. Details of how the charity has chieved this are Provided in the Truslees, report. The Trustees conflrm thal they have paid due regard to the Charity Commissic guidance on public benefit before deckding lch activities the charity should undertake. How our activities dellver public benefit Central Church Bideford Iv)Ids weekly meetings In Bideford each Sunday al Bideford College. There are dedicated children's group5 for children aged 3 10 15 and a creche. There are regular mid-week small groups, including one for early secondary age children and one lor older teenagers. The Ma]lty of people who attend Central Church are part of a small group. These groups are designed lo provNJe cornmunity in the church where people can find support. encouragement, and go deeper in their exploration of the Christian faith. We ran Alpha ¢ourse8 during the period,- these afe courses that enable pe¢Jple of any faith or none lo engage with the claims of Christianity in a discussion based environmenL We have continued to support the Ea$t-the-Waler Community Pantry through collecting donations throughout the year and making donations in kind, as well as packing Christmas Hampers ID be given out al Clyistmas. We have also supported the Christmas Shoebox appeal ol Samaritan's Purse International. another UK registered charity, through ¢x)Ilecting donation5 from church members. As the Trustee of the Bethel Chapel and Manse in East-the-waler since September 2024, we have undertaken preparatory works for making the building safe lo use. and look forward to being able to use il further to fulfil our ¢harilable objectives. Flnancial reeW During the year. the charity recelved income totallino £121,807 12024: £203,328) and ined expenditure totdling £131.21712024.' £143.355). AJI income and expenditure was unrestricted. Reserves Policy Central Church aims lo hold Ihe equNalent of three months expenditure as general reserves. As at 31st March 2025, the charity held free reseNes of £47,977 12024.. £56.522}, this represents approximately 4 months expenditure. Structure, govemance and managemgnt New trustees are appointed by a resglulp)n paSd at a properly convened meetsng of the Charity Trustees. New trustees are selected with regard lo the skills, knowledge and experien needed for the effective administration of the CIO. All Charity Trustees musl subscribe and adhere lo the Statement of Faith. The induction process for new TriJ$tees includes them receiving a ¢opy of the constitution of the CIO, a (x)py of the latest Charity TTuslees' Annual Report and statement of accounts, and affording them the opportunity to question existing Trustees. Page 2
Central Church Bideford Trusteès. Report (contlnuad) Statomont of Tru5t¢es' Rosponslbllltles Th8 Iwslees are rggpon51blg lor preparing Ihè tru5te95' report And Ihe finandal ¥talemgnts In accordance wilh the United Klngdom Accountln9 Standardg Iunikd Klngdom Gènerally Accepted Accountlng Procllc81 and 8ppliLtAg law and regula1ns. Thg law appllcablè to tharfllgs requSre5 the Iru5tees to prepare financial statements for 8aGh financial year whl¢h glve a true and falr vlew of the stat¢ ol 8ffalrB ol th8 charlly and of the Incornlng resources nd 8ppli¢ation of r¢sources of ihe tharfty for th8t riod. In pr8paring these finandal st8ternonts, the IN5teès are quId to.. sdact sultsble accounting polldes and then app thom conBlstenly, observe the m8tt)od5 gnd prinupl8s in the Ch8rtJes SORP., mak¢judoemenl¥ and estimates thot aro rSOnable and prudent., stale whelhsr 3ppllcaNg accounllng standards have been followgd. SUblt to any rn8tertal departurès d18clos8d and explalned In the financiol statements., and prgpare the flnan¢ial stalemgrtts on the going concern b8$ls unless it 18 Inepproprlatg lo pre8ume that tha ch8rty wll continu6 In bugkn88s. The bwsle88 are rg8pon3ible frr keeping proper a¢counllng record8 that dlsdosa wlth rÈasDnable accuracy al any timo tha finEnclal positicsn of Ihe chadty and enable Ihem to 8nsur8 Ihal the finan¢I81 statemants comply wllh the ChBrlUes Acl 2011, the Charities (Accounts and Reports) Regulatv)ns 2008 and tho prO$10n8 of th8 constilutSor¢. The trust8e5 are also re8PDnslbla for saf8guardlng the 8syets ol the ¢harily and hen¢8 for tsrj re8sonablg slep# lor tho pravention and d¢leclSon of frauES 4nd oth•r Iegular8. The Iruslees are r06ponsible for Ihe m8lntenance and Integrtty ol the corporate and flnanclal Inltsrmalion in¢luded on the ¢hariiabie comp8nls wèbsSt8. Loglslation governing the prep8rallon and IJIss8mlnalion ol flnanclal sts18ments may dlffer from1gglslaUon In utherl(trfBdlcllon$. ,2I11/11 The annual repwi was apkwoved by the tNstee3 of Ihe d)grity on ....... h1 by.. gnd eigned on tts Andrew Lynch Trustee Page 3
Central Church Bideford Independent Examinerfs Report to the trustees of Central Church Bldeford I report lo the trustees on my examination of the a¢nIS of Central Church Bideford for the year ended 31 March 2025. Responslbilities and basis of report As the charity trustees of Central Church Bideford you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act,). I report in peCt of my examinatlon of the Central Church Bideford's accounts carried out under section 145 of the 2011 Act and in carrying out rny examination I hove followed all the applicable Dire¢tv)ns given by the Charity Commission under section 145151{b) of the Act. Independent examlnerfs statement I have completed my examination. I firn that no material matters have to my attention in connection wllh the examination giving me cause lo believe that In any material respect.. accounting rerdS were not kept in respect of Central Chur¢h Bideford as required by section 130 of the Act., or 2. the accounts do not accord with those records., or 3. the accounts do not comply wf(h the accounling requirements conceming the form and content of accounts set out in the Charitiès (Accounts and Reports) Regulations 2008 other than any requirement that ihe accounts give a 'true and foir view which is not a matter considered as part of an independent exafflinalion. I have no concerns and have come across no other matters in ¢onnedon with the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Catherine Williams FCA DChA Independent Examiner Westcotts (SW} LLP 47 Boulport Street Barnslaple Devon EX31 1SQ Date.. Page 4
Central Church Bideford ststement of Flnanclal Activities for the Year Ended 31 March 2025 Unrestricted Total funds 2025 Total 2024 Noto Incomo and Endowments from: Oonalions and legacies Chafitabje acllvities Investment Inco Other In¢ome 118.683 118,683 203,198 448 2.676 448 2,676 61 Total income 121,807 121,807 203,328 Expenditure on: Charitable a¢livities 131.217 131.217 143,355 Tolal expenditure Nel lexpenditureifincome Nel movement in lunds 131.217 131,217 143,355 9,410 19,410 59,973 19.4101 19,4101 59.973 Recon¢iliation of funds Total funds brought forward Tot81 funds cairied forward 59.973 59,973 50,563 16 50,563 59,973 Al of the charity's 8cliMties derive from continulng operations during the above perilS. The funds breakdown for 2024 is shown in note 18. The notes on pages 7 to 15 fomi an integral part of these financAal ststements. Page 5
Céntral Church Bideford {R6gistration numbor: 12Q1258) Balance Shèet as at 31 March 2025 2025 2024 FLx•d a8S0ts TaNJitde assets 14 2.586 1451 Cuffént 39SOts DebtOTS Cash 8t bank and In hand 15 1.359 48.390 49,759 1,7e2 2,913 57,331 60,244 3.722 Credltors: Amounts falllng due w5th1n ong yoar Net current a$ts 56.522 59.973 Net 50,563 Fun¢ts ofth• tharfty: UnM#trtctsd Incoma lund# Unrts61rfcbd lundB 59.973 59,973 Total lunda 18 50,563 The financlal statements on pag85 5 10 15 were approved by Ihe trU3tees, and authots8d for on 111.06... arKJ SIgn on thelr bohall ty. Andrew'Lynch The nots8 on page8 7 to 15 lorm an Integrnl part ofthooe finanGlal Slatsmts. P8118 6
Central Church Bideford Notes to the Financial Statements for the Year Ended 31 March 2025 1 Accounting pollcies Statement of compliance The financial stalernenls have been prepared in accDrdance wilh the second edition of the Charities statent of Recommended Practice issued in October 2019, the Financial Reporting Standard applicaNe in the United Kingdom and Republ of Ireland IFRS 102) and the Charllies Act 2011. Basis of preparation Central Church Bideford meets Ihe definkion of a public benefii entity under FRS 102. The 8¢¢ounls lfinanckql slalementsl have been prepared under the historical cost Tr)nven1ion wth items recognised at cost or transaction value unless otherwise slated in the relevant notels} to these accounts. The accounts are prepared in steding which 18 the functional cJJrrency of the charity. Going concorn The trustees consider that there are no material uncertaineS about the charivs ability lo continue a$ a goong concem. Income and endowments Voluntary income including donations, gifts. legaaes and grants that provide core fundlng or are of a general nature is recognised when the charity has enlluemenl to the income, it is probable that the income wil be received and the amount can be measured with sufficient rèliabilTty. Donatlon$ and legacles DonalKJns and legacies are reuygnised on a receivable basis when re(*ipl is probable and the amount can be reliably measured. Investment Income Elividends are recognised once the dividend has been declared and nollfication has been reNed of the dividend due. Expenditure All expenditure is reeognised On Ihere is a legal or constructive obligation to that expenditure, il is probable etement Is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure headlng that aggregate similar costs to that category. Where wsts cannot be directly attributed lo particular headings they have been allocated on 8 ba&s consistent Mth the use of fesources, wf(h central staff costs allocated on the basis of time spent, and depreciation charges alloc8ted on the portion of the assefs use. Othei wjpport costs are allocated based on the spread of staff costs. Charitable adlvltles Charitable expenditure compDses those costs incurred by the charity in the delivery of its activities and services fr)r ils beneficiaries.11 includes both wsts that can be allocated directly to such activities and those costs of an indlreol nature necessary to support them. Page 7
Central Church Bideford Notes to the Flnanclal Statements for the Year Ended 31 March 2025 (continued) GRntprovislon$ Provisions for grants are made when the intention to make a grant has been ¢ommunicaled to the recipient bul there is uncertainty about either the liming of the grant or the amount of grant payable. Support costs Support eosls include central fvnclions and have be8n allocat to activity cost calegortes on a ba$ ¢onsislenl with the use of resources, for example, allocating property costs by floor areas, or per capita. staff costs by the time spent and other costs by thèir usage. Taxation The charity is consider1 lo pass the tests 8el out in Paragraph 1 Schedule 6 of the Finance Acl 2010 and therefore it meets the definition of a charitable company for UK c£JrpoTalion tsx purposes. A¢¢Ording. the charity is potentially exempl from taxation in respect of income or capital gains received wthin categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of thè Taxation of chargeatre Gains Act 1992, to the extent that such income of gains are applied exclusively to Qharitable purposes. Tangible flxed asset5 IndNidual fixed assets are Initially recorded at cost, less any subsequent a¢c#Jmulated dePreCli0n and subsequent accumulated impairment losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic lrfe as follows: Depreciation method and rate 25% straight Ilne Asset class Equipment, fixtures and fittings Cash and cash oquivalents Cash and cash equivalents comprise cash on hand and call deposts. and other short-term highly liquid Investments that are readily convertible lo a known amount of cash and are subled to an Insignthcant risk of change in value. Fund structure Unreslricled income funds are general fiJnd$ that are available for use at the Iwstees discretion in fvrtherance of the obiectives of the charity. Financi81 Instruments Classlfi¢ation Finanaal assets and financial liabilities are recognised when the charity becomes a paty to the ntraclual provisions of the Instrument. Finanoal liabilities and equity instruments are ¢lassified acclxding to the substance of the contractual arrangements entered into. An equlty instrument is any contract that eviden(*8 a resldual interest in the assets of the charity after deducting all of ils liabilitles. Page 8
Central Church Bideford Notes to the Flnancial Statements for the Year Ended 31 March 2025 {contlnued) RocognItIt and measureme I financial assets and liabilities are initially measured at transaction price (including transaction cosl$l, exp1 lor those financial assets classified as al fair value through profit or loss, which are initially measured at fair value (which is normally the Iransaction price excluding transaction coslsl, unless Ihe arrangement constitutes a financlng transaction. 11 an arrangement constitutes a financing transaction. the financial asset or financial liability 15 measured al the present value ol the futu P8ymenl8 diswunled al a market rale of interest for a Similar debt instrument. FinatKial assets and liabilities are only offset in the statement ot finanThal positlon when, and only when there exists a legally enforceable right lo set off the recognised amounts and the charity intends either lo settte on a net basis. or to realise the asset and setue the liabilty simultaneously. Financial assets are derecognised when and only when al the contractual rights to the cash flows from the financial asset expire or are settled, bl the charity transfers lo another party 5ubstanlially all of the risks and rewards ol ownership of the financA81 asset, or c) Ihe charity. despite having retained some. but not all, significant rlsks and rewards of ownership, has transferred control of the asset to another party. Financial liabilities are derecognise(J only when the obligation specAfied in the o)ntract is discharged, Cancelled or expires. 2 Income from donations and legacies Unrestricted funds General Total 2025 Donattons and legacies. t)onalKJn$ received 118.683 118.683 UnTestriGtèd funds Goneral Total 2024 Donations and legacies" Donations ceIVed 203,198 203,198 3 In¢orne from charitable activities Unrestricted funds General Total 2024 Charitabk Active8 69 69 Page 9
Central Church Bideford Notes to the Flnancial Statements for the Year Ended 31 March 202S (contlnued) 4 Inve5tm•nt income Unrestricted funds General Total 2025 Bank Interest recewable 448 448 Unrgstrlcted funds Gen•ral Total 2024 Bank interest receNable 61 61 5 Other income Unrestricted funds Genèral Total 2025 Renlal income 1,926 1,926 6 Expendhure on charltablo activitias Unrestricted funds General Total 2025 Charitable Activities Grant funding of actlvS1ies located support costs 118,304 1,150 11,763 131.217 118,304 1.150 11,763 131,217 Unrestrlcted funds General Tolal 2024 Nole Chantable Activities Grant funding of activities Allocated support Costs 126,725 500 16.130 126,725 5C4J 16,130 143,355 143.355 Page 10
Central Church Bideford Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 7 Analysis of support costs Support costs allocated to charitable a¢tivitie5 Total 2025 Total 2024 Independent examinerfs remuneration Office costs A¢counlancy and payroll costs Legal and professional fees 8ank charges 1,512 2.890 436 6,865 60 1,440 4,281 1,846 8,503 60 11,763 16,130 8 Grant-making alysis of grants Grants to individuals 2025 2024 Analysis Grants 1,150 500 Net incomingloutgoing resources Net (OutgoinglnC0mIng resou$ for the year include- 2025 2024 Depreciation of fixed assets 1,294 1,152 10 Trustees remuneration and expenses From lime lo lime Trustees ¥MII make sundry purchases for which they are reimbursed against receipts. Two Trustees are paid for their role wllhin the Ghurch. during the year they were Fiaid £65,864 12024: £72,286). They do not receive any remuneration in respect of their role as a Tnjslee of the charity. In addition, one Trustee received a monthly ministy gift totalling £6,00012024.' £3,600} Page11
Central Church Bideford Notes to the Financial Statements for the Year Ended 31 March 2025 (contlnuedl 11 Staff costs The aggregate payroll costs were as follow3: 2025 2024 Staff costs during the year wore: Wages and salaiies SocAal security costs Pension Lx)sts 65,504 1,671 2,409 69.584 72.966 2,116 4.921 80.003 Th¢ monthly average number of persons (including 5enlor management I leadership team) employed by the charity during the year was as follows.. 2025 2024 No No Employees No employee recewed emoluments of more than £60.000 durlng the year 12 Independent examlner's remuneration 2025 2024 ExaminatKJn of the financial statements 1,512 1,440 Page 12
Central Church Bideford Notes to the Financial Ststements for the Year Ended 31 March 2026 (contlnued 13 TaxatiOD The charity is a registered charity and is therefore exempt from taxation. 14 Tangible fixed assets Furniture and equipment Total C051 At 1 April 2024 Additions 4,603 429 4,603 429 At 31 M8roh 2025 5,032 5.032 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 1,1S2 1,294 1,152 1,294 2,446 2.446 Nel book value At 31 March 2025 2,586 2,586 At 31 March 2024 3,451 3.451 From September 2024. Ihe charity became Trustee of the Bethel Chapel and Manse in Easl-the*Water. 15 Debtors 2025 2024 PrepayTnent8 Other debtors 1,369 2,708 205 1.369 2,913 16 Credltors: amounts falling due within one year 2025 2024 Trade edItOrS Other creditors Accruals 99 171 1,512 1.773 368 1,581 P8ge 13
Central Church Bideford Notes to the Flnanclal Statements for the Year Ended 31 March 2025 (continued) 17 Pension and other schemes Dèfined contribution pension scheme The charity operates a defined ¢ontribullon penSn scheme. The pension cost Charge for the year represents cctributionS payable by the charity to the scheme and amounted lo £2,40912024- £NIII- 18 Funds Balance at 31 March 2025 Balance at 1 April 2024 Incomlng resources expended Unrestricted funds General Funds 59,973 121.807 1131.217} 50,563 Balance at 31 March 2024 Incoming resources Resources expended Unrestricted funds General Funds 203,328 143,355 59,973 19 Analysis of net assets between funds Unrestrithd funds General Total funds at31 Mar¢h 2025 Tangible fLxed assets Cuirenl assets Current Ikibilthes 2,586 49,759 (1,782 50,563 2,586 49,759 (1.782 50,563 Total net assets Unrestrided funds Genèral Total funds at 31 March 2024 Tangible fixed assets Current assets Current liabilities 3,451 60,244 13.7221 59.973 3,451 60.244 3.722 Total nel assets 59.973 Page 14
Central Church Bideford Notes to the Flnancial Statements for the Year Ended 31 March 2025 (continued) 20 Related party transactions There weie no rdated party Iransa¢tions in the year. Page IS