Christ Church Greenbank
Report and Accounts
Period from 27 June 2024 to 31 December 2024
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
CHRIST CHURCH GREENBANK
CHARITY INFORMATION
FOR THE PERIOD ENDED 31 DECEMBER 2024
Trustees
Dyfan Williams Edward Robinson Rev Dimitri Alldridge Roger Gibson
Key Staff
Rev Dimitri Alldridge
Governing Document
Constitution dated 25th June 2024
Charity Registration Number Principal Address
1208866
Greenbank Station House Chester Road Northwich Cheshire CW8 4AG
Independent Examiner
Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB
Bankers
The co-operative bank 3 Earle Street Crewe CW1 2BS
| Contents | Page |
|---|---|
| Charity Information | 1 |
| Trustees' Annual Report | 2-3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7-13 |
| Detailed Statement of Financial Activities with Comparatives | 14 |
Page 1
CHRIST CHURCH GREENBANK
TRUSTEES' ANNUAL REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2024
The trustees have pleasure in submitting the Report and Accounts for the year.
Objects of the charity
The charity is a charitable incorporated organisation and is governed by its Constitution. The objects of the charity, as set out in the governing document are:
a) the advancement of the Christian faith, for the benefit of the public especially but not exclusively within Greenbank and the surrounding neighbourhood.
b) such other charitable purposes as shall, in the opinion of the charity trustees, put into practice the Christian faith in accordance with the Statement of Belief and Practice, including but not limited to: the prevention and relief of need, hardship and sickness; the advancement of education; and the provision of facilities in the interest of social welfare for recreation or other Ieisure time occupation of individuals who have need of such facilities for the reason of their youth, age, infirmity, financial hardship or other social circumstances with the object of improving their conditions of life; provided that the advancement of such purposes isconsistent with the Statement of Belief and Practice as may be adopted or amended by the CIO from time to time.
Summary of the charity's main activities and achievements
To further the above objects and vision, the charity's main activities and achievements were as follows:
In keeping with the objects of the charity, Christ Church Greenbank undertook the following regular activities: The church met regularly each Sunday for a worship service at 10:30am which was repeated at 4:00pm. These services were regularly attended by between 120-150 members of our community, including 25-40 under 16s and were held for the purpose of exploring and encouraging the Christian faith. The church held midweek groups specifically designed for youth (aged 11-14 and 15-18), women, adults including the elderly, and those with pre-school children offering friendship, support, and Christian teaching. Each week the church ran a café offering a free lunch on Wednesdays as well as a craft group and a Foodbank distribution centre.The church ran a prayer meeting for its members on the first Wednesday of every month.
Christ Church Greenbank also provided the following irregular activities:
The church organised a number of Saturday morning breakfast meetings for men, open to all.
The church arranged a wreath making event, co-hosted a theatre company to come and perform a nativity for the local community, and held a number of extra services over the Christmas period.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
Structure, Governance and Management
The founding trustees have appointed a Minister, Treasurer, Safeguarding Lead, and General Data Protection Regulation (GDPR) Lead. This is a new charity and it is intended that a formal governance structure will be put in place during the first half of 2025. Meantime, the trustees and Minister have been assisted by an experienced committee comprising members of the congregation. Future trustees will be appointed by the current trustees, in accordance with the constitution.
Financial review
This was the first period of six months for the charity. During the period income was £100,988, and expenditure was £55,980. As a result the surplus for the period was £45,008.
Page 2
CHRIST CHURCH GREENBANK
TRUSTEES' ANNUAL REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2024
Reserves policy
The charity aims to hold a minimum of £30,000 (which is approximately 3 months of expenditure) as unrestricted cash, so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £41,339 so is complying with its reserves policy.
In keeping with the charity's investment policy, funds in excess of current requirements are to be held in savings accounts with the church's bankers.
Key risks and uncertainties
The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
Responsibilities of trustees under charity law
The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether the applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements; and
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This report was approved by the trustees and signed on their behalf by:
Dimitri Alldridge
_______ Dimitri Alldridge (May 25, 2025 15:12 GMT+1) Rev Dimitri Alldridge May 25, 2025 Date: _______
Page 3
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
CHRIST CHURCH GREENBANK ('the Charity')
I report to the charity trustees on my examination of the accounts of the Charity for the period ended 31 December 2024 on pages 5 to 14 following, which have been prepared on the basis of the accounting policies set out on pages 7 to 9.
Responsibilities and basis of report
As the charity’s trustees of the Charitable Incorporated Organisation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
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 130 of the Act; or
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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.
Sarah Crispin
Sarah Crispin (May 27, 2025 11:53 GMT+1)
Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: May 27, 2025
Page 4
CHRIST CHURCH GREENBANK
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD ENDED 31 DECEMBER 2024
| Note INCOME AND ENDOWMENTS FROM: Donations 3 Charitable activities 4 Investments Total income and endowments EXPENDITURE ON: Charitable activities 5 Total expenditure Net income/(expenditure) Transfers between funds 12 Reconciliation of funds: Total funds brought forward Total funds carried forward 12 |
Unrestricted Funds £ 90,933 4,167 2 95,102 54,959 54,959 40,143 1,220 41,363 - 41,363 |
Total Restricted Funds Funds 2024 £ £ 5,886 96,819 - 4,167 - 2 5,886 100,988 1,021 55,980 1,021 55,980 4,865 45,008 (1,220) - 3,645 45,008 - - 3,645 45,008 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The notes on page 7-13 form part of these accounts.
Page 5
CHRIST CHURCH GREENBANK
BALANCE SHEET
AS AT 31 DECEMBER 2024
| Note FIXED ASSETS Tangible assets 7 CURRENT ASSETS Debtors 8 Cash at bank and in hand 9 CREDITORS: Amounts falling due within one year 10 Net current assets / (liabilities) TOTAL NET ASSETS FUND BALANCES 12 Unrestricted Funds General funds Designated funds Restricted Funds |
Unrestricted Funds £ 1,194 1,194 2,092 41,339 43,431 (3,262) 40,168 41,363 11,363 30,000 41,363 - 41,363 |
Restricted Funds £ - - - 3,645 3,645 - 3,645 3,645 - - - 3,645 3,645 |
Total Funds 2024 £ 1,194 |
|---|---|---|---|
| 1,194 | |||
| 2,092 44,984 |
|||
| 47,076 (3,262) |
|||
| 43,813 | |||
| 45,008 | |||
| 11,363 30,000 |
|||
| 41,363 3,645 |
|||
| 45,008 |
The financial statements were approved by the Board of Trustees and were signed on its behalf by:
Dimitri Alldridge --------------------------------------Dimitri Alldridge (May 25, 2025 15:12 GMT+1) Rev Dimitri Alldridge May 25, 2025 Date: _______
Charity number: 1208866
The notes on page 7-13 form part of these accounts.
Page 6
CHRIST CHURCH GREENBANK
NOTES TO THE ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
1 Statutory Information
The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity Information page.
2 Accounting Policies
These financial statements are prepared on a going concern basis, under the historical cost convention.
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.
The principles adopted in the preparation of the financial statements are set out below.
a) Going concern
- The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
b) Income
Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations includes:
Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.
Page 7
CHRIST CHURCH GREENBANK
NOTES TO THE ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
c) Expenditure
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
d) 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. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. Endowment funds are donations that are retained as capital in accordance with the donor's wishes. The nature of the restriction determines whether the endowments represent permanent endowments or expendable endowments.
- e) Tangible fixed assets
Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:
Equipment
Over 3 to 7 years
The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.
f) Pension scheme arrangements
The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
g) Taxation
The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
h) Financial instruments
The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).
Page 8
CHRIST CHURCH GREENBANK
NOTES TO THE ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
i) Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
j) Critical accounting estimates and areas of judgement
The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting
3 Donations
| ations | |
|---|---|
| Donations of cash and similar Gift aid recoverable |
2024 £ 82,700 14,119 |
| 96,819 |
| 4 | Income from charitable activities | |
|---|---|---|
| 2024 | ||
| £ | ||
| Church retreats and events | 4,071 | |
| Building letting | 96 | |
| 4,167 | ||
| 5 | Charitable expenditure |
| 4 Income from charitable activities Church retreats and events Building letting 5 Charitable expenditure |
2024 £ 4,071 96 |
|---|---|
| 4,167 | |
| a Costs incurred directly on specific activities Discipleship, pastoral care and evangelism Catering Venue hire Other operational costs Telephone and utilities Sunday services Staff & training expenses Youth and children Repairs and maintenance Equipment purchased Grants payable (note 5c) |
2024 £ 1,943 1,607 6,668 678 2,102 789 25,830 2,491 1,119 481 43,709 9,790 |
| 53,499 |
Page 9
CHRIST CHURCH GREENBANK
NOTES TO THE ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
5 Charitable expenditure (continued…)
b Costs incurred on support & administration
| Costs incurred on support & administration | |
|---|---|
| Governance costs Independent examiner's fee Printing, postage and stationery Subscriptions and professional fees Depreciation of tangible fixed assets Total expenditure |
1,860 |
| 1,860 146 449 25 |
|
| 2,481 | |
| 55,980 |
The fee payable to the independent examiner for preparing and examining the accounts was £1,860; in addition the charity paid £576 to Stewardship for payroll bureau services.
c Grants payable
| Grants for UK and overseas mission The charity's principal grants to institutions comprised: Anglican Futures PCC of St John's, Hartford Grants to institutions for less than £1,000 each |
Institutions £ 7,867 7,867 |
Individuals £ 1,550 |
|---|---|---|
| 1,550 | ||
| 2024 £ 3,000 4,867 - |
||
| 7,867 |
6 Analysis of staff costs, the cost of key management personnel and trustee remuneration
The average monthly number of employees during the period was 2. Most of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
The charity's key management comprise the trustees and the key staff named on the Charity Information page. Total employment benefits payable to key management for the year were as follows:
| Other Employer Wages & employment pension salaries benefits contributions Trustees: Dimitri Alldridge 17,055 - 1,705 |
2024 £ 18,760 |
|---|---|
| 18,760 |
Dimitri Alldridge served as church leader and received the above payments for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.
In addition the charity incurred expenditure totalling £4,952 in respect of the customary provision of accommodation to Dimitri Alldridge, so that they could better perform their duties.
Page 10
CHRIST CHURCH GREENBANK
NOTES TO THE ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
7 Tangible fixed assets
| Cost At 25 June 2024 Additions Disposals At 31 December 2024 Accumulated depreciation At 25 June 2024 Charge for the year Eliminated on disposal At 31 December 2024 Net book value At 31 December 2024 8 Debtors Falling due within one year: Gift aid recoverable Prepayments and accrued income 9 Cash at Bank and in Hand Cash at bank with immediate access 10 Creditors: liabilities falling due within one year Trade creditors Other creditors Accruals |
Fixtures, fittings and equipment £ - 1,220 - 1,220 - 25 - 25 1,194 |
Total 2024 £ - 1,220 - |
|---|---|---|
| 1,220 | ||
| - 25 - |
||
| 25 | ||
| 1,194 | ||
| 2024 £ 1,962 130 |
||
| 2,092 | ||
| 2024 £ 44,984 |
||
| 44,984 | ||
| 2024 £ 897 506 1,860 |
||
| 3,262 |
11 Pension commitments
During the year employer’s pension contributions totalling £1,834 were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date.
Page 11
CHRIST CHURCH GREENBANK
NOTES TO THE ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
12 Funds
During the year the movements in the charity's funds were as follows:
| Designated Funds Reserve General Unrestricted Funds Total Unrestricted Funds Restricted Funds Sound system improvements Propogators House refurbishment Dimitri Mission Trip Weekend away Ukraine support Aggregate of funds |
Opening balance 2024 £ - - - - - - - - - - - |
Incoming resources 2024 £ - - 95,102 95,102 1,985 603 1,500 1,425 373 5,886 100,988 |
Outgoing resources 2024 £ - - (54,959) (54,959) (481) (167) - - (373) (1,021) (55,980) |
Transfers in the year 2024 £ 30,000 30,000 (28,780) 1,220 (1,220) - - - - (1,220) - |
Closing balance 2024 £ 30,000 |
|---|---|---|---|---|---|
| 30,000 11,363 |
|||||
| 41,363 | |||||
| 284 436 1,500 1,425 - |
|||||
| 3,645 | |||||
| 45,008 |
The transfers referred to above were made for the following reasons: a) the trustees have chosen to designate £30,000 to a specific reserves fund
Analysis of net assets by fund
The assets and liabilities of the various funds were as follows:
| Tangible fixed assets Debtors Cash at bank and in hand Creditors falling due within one year |
General Designated funds funds £ £ 1,194 - 2,092 - 11,339 30,000 (3,262) - 11,363 30,000 Unrestricted Funds |
Restricted funds £ - - 3,645 - 3,645 |
2024 £ 1,194 2,092 44,984 (3,262) |
|
|---|---|---|---|---|
| General funds £ 1,194 2,092 11,339 (3,262) 11,363 |
||||
| 45,008 |
Page 12
CHRIST CHURCH GREENBANK
NOTES TO THE ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
12 Funds (continued…)
The Sound system improvements fund is for additional speakers to improve audio quality in the church building
The Propogators House refurbishment fund is a fund to improve the fabric of the Minister's house in order to keep it in good repair
The Dimitri Mission Trip fund is to support our Minister in his sabbatical related activities
The Reserve fund is a fund set up in accordance with the Trustee Reserves Policy, to cover any adverse movements in income and expenditure
The Weekend away fund is used for payments by members to cover residential costs for a church weekend away
The Ukraine support fund is for missionary giving to a specific charitable organisation
13 Transactions with related parties
During the year the charity:
received donations totalling £28,160 from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
Except as disclosed in note 6 'Analysis of staff costs', there have been no other transactions with related parties during the year.
14 Members
Each member of the charity commits to contribute if the charity is wound up an amount of £10.
Page 13
CHRIST CHURCH GREENBANK
DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES
FOR THE PERIOD ENDED 31 DECEMBER 2024
| Note INCOME AND ENDOWMENTS FROM: Donations 3 Charitable activities 4 Investments Total income and endowments EXPENDITURE ON: Charitable activities: 5 Total Expenditure Net income/(expenditure) Transfers between funds 12 Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 12 |
General Designated 2024 2024 £ £ 90,933 - 4,167 - 2 - 95,102 - 54,959 - 54,959 - 40,143 - (28,780) 30,000 11,363 30,000 11,363 30,000 - - 11,363 30,000 Unrestricted funds |
Restricted 2024 £ 5,886 - - 5,886 1,021 1,021 4,865 (1,220) 3,645 3,645 - 3,645 |
Total 2024 £ 96,819 4,167 2 100,988 55,980 55,980 45,008 - 45,008 45,008 - 45,008 |
|
|---|---|---|---|---|
Page 14