Registered number: CE032334 Charity number: 1203157
CENTRE FOR CULTURAL WITNESS (A Charitable Incorporated Organisation)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024
CENTRE FOR CULTURAL WITNESS (A Charitable Incorporated Organisation)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Statement of cash flows | 9 |
| Notes to the financial statements | 10 - 19 |
CENTRE FOR CULTURAL WITNESS (A Charitable Incorporated Organisation)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 30 JUNE 2024
| Trustees | Lord Stephen Green, Chair (appointed 17 May 2023) |
|---|---|
| Nick Fletcher (appointed 14 February 2024) | |
| Jonathan Aitken (appointed 17 May 2023) | |
| Matthew Miller (appointed 17 May 2023) | |
| Rev. Ijeoma Ajibade (appointed 17 May 2023) | |
| Katie Harrison (appointed 17 May 2023) | |
| Jean Kabasomi (appointed 13 November 2024) | |
| Company registered number CE032334 Charity registered number 1203157 Registered office Lambeth Palace Library 15 Lambeth Palace Road London SE1 7JT Accountants Griffin Stone Moscrop & Co Chartered Accountants 21-27 Lamb's Conduit Street London WC1N 3GS Bankers HSBC UK 28 Borough High Street Southwark London SE1 1YB |
Page 1
CENTRE FOR CULTURAL WITNESS (A Charitable Incorporated Organisation)
TRUSTEES' REPORT FOR THE PERIOD ENDED 30 JUNE 2024
The Trustees present their annual report together with the financial statements of the Charity for the period 19 May 2023 to 30 June 2024. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The objectives of the Centre for Cultural Witness are the advancement of the Christian faith for the public benefit through the following activities:
-
Creating, producing, promoting, and distributing material to promote the Christian faith and to promote public understanding of the Christian faith;
-
Training and equipping existing and emerging Christian leaders in all spheres with the aim of enhancing the Christian Church’s contribution to public life and conversation;
-
Carrying out research dedicated towards improving the understanding of and equipping Christians to promote the Christian faith in the modern world and disseminating the useful results of that research;
-
Promoting the Christian understanding of grace and forgiveness as a way to encourage healthy and harmonious dialogue between those of different faiths or no faith in the public square.
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)'.
b. Strategies for achieving objectives
We have recently engaged a digital marketing specialist who has delivered a plan to take forward our digital marketing strategy to enable the material on Seen & Unseen to reach a wide-reaching audience. While continuing to develop the content on the site, a priority over the next year will be putting this plan into place to increase the reach and impact of our work.
We will continue to develop our leadership training, in particular focusing on our Cultural Witness Emerging Leaders’ Programme, looking to enhance our offering to the 30 young writers and communicators who are engaged in the programme this year.
Fundraising will continue to be a major priority. Our initial funding begins to come to a close within the next year, and so a priority will be to discern whether we are able to raise funds for the longer term to ensure the sustaining of our current operations or whether a new configuration for the work of the charity needs to be found for the longer term.
Page 2
CENTRE FOR CULTURAL WITNESS (A Charitable Incorporated Organisation)
TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 30 JUNE 2024
Achievements and performance
a. Main achievements of the Charity
Over the past year, the CCW team has continued to focus on Seen & Unseen, an increasingly important online resource, offering Christian commentary on contemporary cultural trends, issues in current news, and broader themes with a religious dimension.
b. Key performance indicators
At the time of writing, the website has reached nearly 120,000 people with around 2,000 users returning each month to access its material. The team has engaged around 170 writers in the project, giving them an outlet for their ideas and writing skills. The CCW team have also established The Re-Enchanting Podcast as one of the major podcasts available today in the field of faith and culture. It has now had over 700,000 views on YouTube, 200,000 audio listens and reached No. 1 in the UK Religion and Spirituality charts in 2023.
c. Review of activities
This year, the first-ever cohort participated in the Cultural Witness Emerging Leaders Programme designed for young Christian writers and thinkers with a calling to communicate their faith in public. The programme aims to develop their skills as public communicators of Christian faith, both via Seen & Unseen and through other mainstream media outlets. Several of the young leaders have gone on to become regular contributors to national outlets such as Radio 2’s Pause for Thought. The team has recruited 30 new members for the 2024-25 cohort which began in September 2024.
Additionally, in Spring 2024 the team ran a 1-day workshop in partnership with the City Prayer Breakfast entitled Thinking Deeply to Speak Wisely. The workshop was designed for senior Christian leaders seeking to grow in confidence in speaking and writing in a way that commends the Christian gospel in wider culture. Topics covered the nature of witness, how Christianity has shaped Western culture, the economy through the lens of Christian faith, and how to communicate effectively as a Christian in today’s culture.
A research project with theologians from Oxford University on The Public Legitimacy of the Church of England ran a day conference in Oxford on the topic, and its findings have fed into training for Bishops and senior Christian leaders in the City of London in strengthening and sharpening their voice in public. All this has helped develop a more confident and articulate Christian voice into public life, helping those outside the church understand Christian perspectives on culture and those inside the church better understand the way their faith relates to such contemporary issues. In all, this has helped deepen public understanding of Christianity, and its role in shaping culture, both past and present.
Financial review
a. Going concern
After making appropriate enquiries, including assessments of the key risks and future budgets, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, the Trustees continue to adopt the going concern basis in preparing the financial statements.
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CENTRE FOR CULTURAL WITNESS (A Charitable Incorporated Organisation)
TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 30 JUNE 2024
b. Reserves policy
Taking one year with another, the Trustees seek to spend all net income as it arises. Trustees seek to maintain a sufficient base of unrestricted funds appropriate to the operation of the charity (3-6 months). The Trustees consider that a combination of the unrestricted funds as of 30 June 2024, totalling £17,420, and the pledged income expected over the coming months is sufficient to meet these objectives.
c. Financial risk management objectives and policies
The total income for the period was £839,312 comprising grants and donations. The Trustees seek to continue to release the funds raised each year to fund the work of the charity. Decisions around increases to staff remuneration are generally made by the Trustees, taking into consideration inflationary rates. However, for staff who were transferred to the charity under TUPE, remuneration decisions are governed by the contractual requirements inherited from their previous employer. The total funds of the Centre for Cultural Witness at 30 June 2024 were £418,530.
Structure, governance and management
a. Constitution
The charity is constituted as a Charitable Incorporated Organisation. Its governing document is its memorandum and articles of association.
b. Methods of appointment or election of Trustees
The Trustees are appointed for a fixed term of three years and, by mutual consent, may be reappointed. Trustees are recruited with regard to their respective areas of knowledge, skills and experience.
c. Organisational structure and decision-making policies
The Centre for Cultural Witness is led by Graham Tomlin (Director) who reports to the Board of Trustees.
Management and administration: The Centre for Cultural Witness is administered by Paula Bird who provides charity office administration services and charity secretarial duties under a contract with the Centre for Cultural Witness. Griffin Stone Moscrop & Co. provide accounting services.
d. Policies adopted for the induction and training of Trustees
There is a comprehensive pre-appointment briefing and an induction process for new Trustees. On-going training is made available to Trustees as required.
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CENTRE FOR CULTURAL WITNESS (A Charitable Incorporated Organisation)
TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 30 JUNE 2024
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company law) 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).
Company law requires the Trustees to prepare financial statements for each financial period. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they 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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles of the Charities SORP (FRS 102);
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make judgments and accounting estimates that are reasonable and prudent;
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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 Companies Act 2006. 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 on and signed on their behalf by:
................................................ Lord Stephen Green (Chair of Trustees)
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CENTRE FOR CULTURAL WITNESS (A Charitable Incorporated Organisation)
INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 30 JUNE 2024
Independent examiner's report to the Trustees of Centre for Cultural Witness ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the period ended 30 June 2024.
Responsibilities and basis of report
As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
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.
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:
-
accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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: | Dated: |
|---|---|
| Robert Smith | ACA |
| Griffin Stone Moscrop & Co | |
| Chartered Accountants |
Page 6
CENTRE FOR CULTURAL WITNESS (A Charitable Incorporated Organisation)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD ENDED 30 JUNE 2024
| Note Income from: Donations and legacies 3 Total income Expenditure on: Charitable activities 4 Total expenditure Net movement in funds Reconciliation of funds: Net movement in funds Total funds carried forward |
Unrestricted funds 2024 £ 173,577 173,577 156,157 156,157 17,420 17,420 17,420 |
Restricted funds 2024 £ 697,075 697,075 295,965 295,965 401,110 401,110 401,110 |
Total funds 2024 £ 870,652 |
|---|---|---|---|
| 870,652 | |||
| 452,122 | |||
| 452,122 | |||
| 418,530 | |||
| 418,530 | |||
| 418,530 |
The Statement of financial activities includes all gains and losses recognised in the period.
The notes on pages 10 to 19 form part of these financial statements.
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CENTRE FOR CULTURAL WITNESS (A Charitable Incorporated Organisation) REGISTERED NUMBER: CE032334
BALANCE SHEET AS AT 30 JUNE 2024
| Note Current assets Debtors 9 Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Total net assets Charity funds Restricted funds 12 Unrestricted funds 12 Total funds |
29,268 410,598 439,866 (21,336) |
2024 £ 418,530 |
|---|---|---|
| 418,530 | ||
| 418,530 | ||
| 401,110 17,420 |
||
| 418,530 |
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the period in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on Complete 'ACCOUNTS COMPLETION' section and signed on their behalf by:
................................................
Lord Stephen Green (Chair of Trustees)
The notes on pages 10 to 19 form part of these financial statements.
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CENTRE FOR CULTURAL WITNESS (A Charitable Incorporated Organisation)
| STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 30 JUNE 2024 |
|
|---|---|
| Cash flows from operating activities Net cash inflow from operating activities Cash flows from investing activities Net cash provided by investing activities Cash flows from financing activities Net cash provided by financing activities Change in cash and cash equivalents in the period Cash and cash equivalents at the end of the period The notes on pages 10 to 19 form part of these financial statements |
2024 £ 410,598 - - 410,598 410,598 |
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CENTRE FOR CULTURAL WITNESS (A Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024
1. General information
Centre for Cultural Witness is a Christian charity, registered as a CIO in England and Wales (charity number: 1203157) with its registered office address at 15 Lambeth Place Road, London, SE1 7JT. A description of the nature of the charities operations and it's principle activities can be found within the Trustees' report.
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 Companies Act 2006.
Centre for Cultural Witness 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.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Charity which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
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CENTRE FOR CULTURAL WITNESS (A Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024
2. Accounting policies (continued)
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.
All expenditure is inclusive of irrecoverable VAT.
2.4 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.
2.5 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.
2.6 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.
2.7 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.
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CENTRE FOR CULTURAL WITNESS (A Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024
2. Accounting policies (continued)
2.8 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 period.
2.9 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.
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.
3. Income from donations and legacies
| Unrestricted funds 2024 £ Donations 44,943 Donated facilities and services 31,340 Grants 97,294 Total 2024 173,577 |
Restricted funds 2024 £ - - 697,075 697,075 |
Total funds 2024 £ 44,943 31,340 794,369 |
|---|---|---|
| 870,652 |
The Centre for Cultural Witness receives donated office and meeting space, as well as room hire during working hours, from Lambeth Palace Library at no charge. This donated facility is integral to the charity’s operations and is recognized in the financial statements as income at fair value, based on comparable market rates for similar properties in the local area, valued at £31,340 per annum for the financial period ending 30 June 2024. This figure is calculated using the following estimations:
-
£13,000 – office space
-
£18,340 – room hire charges for events and meetings
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CENTRE FOR CULTURAL WITNESS
(A Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024
4. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted funds 2024 £ Editorial costs - Emerging leaders programme - GodPod - Reporter costs - Operational costs 156,157 Total 2024 156,157 |
Restricted funds 2024 £ 230,292 22,482 4,511 38,680 - 295,965 |
Total 2024 £ 230,292 22,482 4,511 38,680 156,157 |
|---|---|---|
| 452,122 |
5. Analysis of expenditure by activities
| Editorial costs Emerging leaders programme GodPod Reporter costs Operational costs Total 2024 |
Activities undertaken directly 2024 £ 230,292 22,482 4,511 38,680 - 295,965 |
Support costs 2024 £ - - - - 156,157 156,157 |
Total funds 2024 £ 230,292 22,482 4,511 38,680 156,157 |
|---|---|---|---|
| 452,122 |
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CENTRE FOR CULTURAL WITNESS
(A Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024
5. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Staff costs General running costs Other staff costs Legal and professional fees Volunteer support and expenses Total 2024 |
Editorial costs 2024 £ 155,089 42,349 301 31,969 584 230,292 |
Emerging leaders programme 2024 £ 11,096 8,905 - 1,950 531 22,482 |
GodPod 2024 £ - 4,511 - - - 4,511 |
Reporter costs 2024 £ 35,841 22 2,817 - - 38,680 |
Total funds 2024 £ 202,026 55,787 3,118 33,919 1,115 |
|---|---|---|---|---|---|
| 295,965 |
Analysis of support costs
| Staff costs General running costs Other staff costs Legal and professional fees Volunteer support and expenses Governance costs - independent examiners' remuneration (see below) Donated facilities and services |
Activities 2024 £ 61,814 43,705 1,428 9,004 1,527 7,339 31,340 156,157 |
Total funds 2024 £ 61,814 43,705 1,428 9,004 1,527 7,339 31,340 |
|---|---|---|
| 156,157 |
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CENTRE FOR CULTURAL WITNESS
(A Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024
6. Independent examiner's remuneration
| 2024 | |
|---|---|
| £ | |
| Fees payable to the Charity's independent examiner for the independent examination of | |
| the Charity's annual accounts | 3,000 |
| Fees payable to the Charity's independent examiner in respect of: | |
| All other services not included above | 4,339 |
7. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2024 £ 236,768 8,124 18,948 |
|---|---|
| 263,840 |
The average number of persons employed by the Charity during the period was as follows:
| Management Editorial costs Reporter costs Emerging leaders programme |
2024 No. 1 2 1 1 |
|---|---|
| 5 |
| The number of employees whose employee benefits (excluding employer pension costs) exceeded | The number of employees whose employee benefits (excluding employer pension costs) exceeded |
|---|---|
| £60,000 was: | |
| 2024 | |
| No. | |
| In the band £70,001 - £80,000 | 2 |
Total remuneration and benefits payable to key management personnel, consisting of the Trustees and the Executive team, was £57,864.
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CENTRE FOR CULTURAL WITNESS (A Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024
8. Trustees' remuneration and expenses
During the period, no Trustees received any remuneration or other benefits.
During the period ended 30 June 2024, no Trustee expenses have been incurred.
9. Debtors
| Due within one year Other debtors Prepayments |
2024 £ 28,023 1,245 |
|---|---|
| 29,268 |
10. Creditors: Amounts falling due within one year
| Trade creditors Other creditors Accruals |
2024 £ 15,147 2,073 4,116 |
|---|---|
| 21,336 |
11. Financial instruments
| 2024 | |
|---|---|
| £ | |
| Financial assets | |
| Financial assets measured at fair value through income and expenditure | 410,598 |
Financial assets measured at fair value through income and expenditure comprise of cash at bank.
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CENTRE FOR CULTURAL WITNESS
(A Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024
12. Statement of funds
Statement of funds - current period
| Unrestricted funds General Funds Restricted funds Editorial Costs Emerging leaders programme GodPod Reporter costs Total of funds |
Income £ 173,577 499,000 64,852 19,223 114,000 697,075 870,652 |
Expenditure £ (156,157) (230,292) (22,482) (4,511) (38,680) (295,965) (452,122) |
Balance at 30 June 2024 £ 17,420 |
|---|---|---|---|
| 268,708 42,370 14,712 75,320 |
|||
| 401,110 | |||
| 418,530 |
Restricted funds comprise of:
Editorial costs
The Editorial fund includes the costs associated with producing the written, audit and video content published on Seen & Unseen, including editorial staff salaries and payments to contributors, guests and hosts.
Emerging leaders programme
The Emerging Leaders Programme fund includes the costs associated with running the Cultural Witness Emerging Leaders Programme, including delivering workshops, producing training materials, and contributions to speakers and writers associated with the programme.
GodPod
The GodPod fund includes costs associated with producing and distributing the GodPod podcast.
Reporter costs
The Reporter fund includes costs associated with funding the Reporter post, including salary and travel costs, with a particular focus on producing stories and content highlighting the persecuted church.
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CENTRE FOR CULTURAL WITNESS
(A Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024
13. Summary of funds
Summary of funds - current period
| Income £ General funds 173,577 Restricted funds 697,075 870,652 Analysis of net assets between funds Analysis of net assets between funds - current period Unrestricted funds 2024 £ Current assets 22,596 Creditors due within one year (5,176) Total 17,420 |
Expenditure £ (156,157) (295,965) (452,122) Restricted funds 2024 £ 417,270 (16,160) 401,110 |
Balance at 30 June 2024 £ 17,420 401,110 418,530 Total funds 2024 £ 439,866 (21,336) 418,530 |
|---|---|---|
14. Analysis of net assets between funds Analysis of net assets between funds - current period
15. Reconciliation of net movement in funds to net cash flow from operating activities
| Net income for the period (as per Statement of Financial Activities) Adjustments for: Increase in debtors Increase in creditors Net cash provided by operating activities |
2024 £ 418,530 (29,268) 21,336 410,598 |
|---|---|
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CENTRE FOR CULTURAL WITNESS (A Charitable Incorporated Organisation)
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2024
16. Analysis of cash and cash equivalents
| Cash in hand Total cash and cash equivalents |
2024 £ 410,598 |
|---|---|
| 410,598 |
17. Analysis of changes in net debt
| Cash at bank and in hand | Cash flows £ 410,598 410,598 |
At 30 June 2024 £ 410,598 |
|---|---|---|
| 410,598 |
18. Pension commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £18,948. At the Balance sheet date a balance of £2,073 was payable to the fund and is included in other creditors.
19. Related party transactions
Total donations, accross all funds, received from trustees during the period amounted to £7,000.
During the financial period, Centre for Cultural Witness received grant income of £148,212 from The Archbishop of Canterbury's charitable foundation, an organization in which Rev. Ijeoma Joyce Ajibade also serves as a trustee. The grants were provided to fund editorial costs and general running costs. The common trustee was not involved in the decision-making process for the grant to ensure the transaction was conducted on normal commercial terms.
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