OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

REGISTERED CHARITY NUMBER: 278809

Report of the Trustees and

Financial Statements For The Year Ended 31st December 2020

for

Christ Central London

Baker Britt Chartered Accountants 63 High Street Chislehurst Kent BR7 5BE

Christ Central London

Reference and Administrative Details For The Year Ended 31st December 2020

TRUSTEES Mr A J Binstead Ms P Dyson Mr G Steele Mr C Hall PRINCIPAL ADDRESS Green Lane Penge London SE20 7JA REGISTERED CHARITY 278809 NUMBER INDEPENDENT EXAMINER Baker Britt Chartered Accountants 63 High Street Chislehurst Kent BR7 5BE SOLICITORS Thackray Williams Kings House 32-40 Widmore Road Bromley Kent BR1 1RY

Page 1

Christ Central London

Report of the Trustees For The Year Ended 31st December 2020

The trustees present their report with the financial statements of the charity for the year ended 31st December 2020. The trustees have adopted the provisions of 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).

Due to the Covid 19 pandemic we as a Church have had to make several key adaptations. The church had to close its doors to public services and all key ministries that met physically from 24 March 2020 after the UK Government announcement of lockdown measures. We quickly adapted to working remotely and caring for the most vulnerable in our church community but also our surrounding towns. As many ministries as were possible moved to being delivered online via Zoom. We had Zumba classes, mums and toddler groups, youth clubs, discipleship groups, children's clubs, community groups, prayer meetings, staff meetings and church services all online. While it has been so good to meet in this way and to be able to reach so many more people through the convenience of online streaming, we recognise that it does not compare, and will never replace, the joy of being physically present together and sharing fellowship as God intended.

We recognise that much of what we had planned to happen in 2020 has now either been put on hold or forgone as a result of the pandemic. We also recognise that places of worship will be one of the last places to be released from lockdown measures and so therefore most of 2020 will have been spent learning and adapting to this new way of doing and being the church. We now need to plan for what church might look like when we are able to meet together again and what measures and practices will need to be in place to ensure everybody's safety and well being.

OBJECTIVES AND ACTIVITIES

Vision

The Charity is a Christian church committed to knowing Jesus, loving Jesus and living for Jesus as the body of Christ. Its vision is to bring truth and hope to our community, and beyond to the nations.

Vision statement

We are to be a church that resources and releases people into their destiny and calling in Christ Jesus both locally and globally.

We started the year by holding a conference on Healing and Deliverance Ministry, hosted by Dave Devonish, with the aim of training church leaders and congregants from the Regions Beyond family of churches. Our vision was to become a centre for healing and deliverance ministry.

We were also very keen to strengthen the congregation in Crystal Palace.

Page 2

Christ Central London

Report of the Trustees For The Year Ended 31st December 2020

OBJECTIVES AND ACTIVITIES

Objectives for 2020

The elders knew that we needed to increase the leadership base to accommodate our ongoing growth and better serve the community in which we live. With that in mind our goals for 2020 were:

Volunteers

The trustees would like to thank the many volunteers who make such a valuable contribution to the successful operation of the Charity.

Page 3

Christ Central London

Report of the Trustees For The Year Ended 31st December 2020

ACHIEVEMENT AND PERFORMANCE

Praise and worship activities

When the church gathers, it is to praise and thank God for who he is and what He has done in our lives, in the community and in the nation. We believe that God cares for us and the community in which we live and has set His church in place to bring about His Kingdom in a needy world. Our worship team is made up of sensitive and accomplished musicians who seek to excel in assisting God's people to express their gratitude and praise to an awesome God. With these guiding principles for 2020 we:

Page 4

Christ Central London

Report of the Trustees For The Year Ended 31st December 2020

ACHIEVEMENT AND PERFORMANCE

Connect, Community and Equip groups

During 2020 group life continued to be a vital part of our church community. We now have a greater variety of groups than ever before to serve both the spiritual and social needs of the church and local community. Community groups became the hub of church life from March 2020 as all church activities moved online when physical gathering was no longer permitted or heavily restricted.

Community Groups

Kick London - This continues to take place on Saturday mornings, attracting close to 50 boys and girls who not only receive training and professional coaching in football skills, but who also have the opportunity to interact with young Christian leaders and ask them about their lives. Soft drinks and snacks are provided. This gives opportunities to support the Penge community.

The church continues to be a Premier National Partner for Kick London, who use the church's facilities & academy for their regular staff training.

Health, social and fitness outreach

Zumba - provided for adults in the form of dance and aerobic exercise held weekly at the church building. During Lockdown it took place online.

Football team - sadly 2020 was to be the team's final season for now. Some of our players joined a local church team.

Morning Stars - based at the church building, provides a free, safe, comfortable and friendly environment for parents, grandparents and carers to bring their babies and toddlers. It is staffed by volunteer members and creates a fun-packed atmosphere of support. In 2020 we continued to cap numbers because of its popularity and for Health and Safety reasons. (There is a voluntary contributions box to cover the cost of tea, coffee, biscuits and crafts.) However, as result of Covid lockdowns, Morning Stars ran, whenever it was permissible, in accordance with government guidelines with limited numbers to comply with a Covid-safe activity.

Silver Service - provides friendship, support and activities for the older members of the community (60+). It is staffed by members of the church, and attended by church members as well as those from the community. Transport is provided for residents from two local care homes. Some residents from one of the care homes also attend services on Sunday and help is provided in bringing them to and from the church building. This had to be suspended in March 2020 to ensure the safety of our elderly guests.

Stitch the Perfect - is held fortnightly at the church building for anyone from the church or local community to enjoy friendship, tea and cake, whilst doing handicrafts together. Support is given to residents of Sutherland Court, who enjoy attending. This ministry had to move online but has still been a great success.

Pilates - a mode of exercise focussed on developing core strength and enhancing function in daily life. Each session starts with a Bible verse and ends with a discussion on a current health issue. This also had to move online.

Walking group - for those who want to increase their fitness with a group of like-minded individuals. It gives opportunities for people to pray as they walk and get to know people better. This continued during lockdown, with the numbers of people that were allowed to walk each week adjusted according to the government guidelines.

Coffee, cake and lipstick - a group for ladies of all ages who want to make friends, build relationships and enjoy Godly fellowship whilst having some fun.

Dad Club - a monthly Saturday morning group for dads and their kids (all ages welcome). They meet to have breakfast together at the church building then head out for a fun activity - park, soft play. This group finished in March 2020.

Book Club - a group for those interested in reading and discussing books, some with a Christian theme, some for life skills, as well as novels and biographies.

Page 5

Christ Central London

Report of the Trustees For The Year Ended 31st December 2020

ACHIEVEMENT AND PERFORMANCE

Equip groups

Richie's Men's leadership group - ran from September to November 2020, looking at the emotional health of leaders.

Alpha: In September 2020, we ran our first Online Alpha course as a church. This is an opportunity for people to explore the Christian faith in a casual and relaxed environment. We had previously run this course in person, but due to the pandemic and lockdown, we ran Alpha in its entirety over Zoom. Thanks to a team of hard-working volunteers, we were able to complete the Alpha course, with around 15 guests. Toward the end of course, we advertised our Christmas service. At least one person on Alpha came to that (online) Christmas service and became a Christian as a result.

Community groups

These run termly for 10-12 weeks and form the hub of the community life of the church and are the central point of our group structure. All members are encouraged to take part in one of the community groups, which focus on growing together in God by studying the Bible, praying together, providing opportunities for using gifts, and providing support, encouragement and friendship.

Richie's group - For fun, fellowship and Bible study. They looked at Paul's letter to the Ephesians and did an in-depth study on prayer using Pete Greig's Prayer Course.

Daytime ladies' prayer group - enjoying worship, friendship and focused prayer for our church, our leadership and various other requests.

Sharing testimonies - sharing testimonies of encouragement, as well as enjoying times of prayer and testimony.

Men's Talk - Seeking God in a men-only group, discussing openly how to live a Godly life in the every day.

Ron's Group - continuing to look at 'Living with the Holy Spirit'.

20s to 30s Group - seeking to build meaningful relationships, getting to know each other in a fun filled environment with a focus on relevant and challenging topics. The aim is to resource and release everyone into finding their destiny and calling in Christ through their God given gifts and passions and so advancing the kingdom of God and bringing glory to his name.

Ready for Revival - this group was run on Zoom, looking at what can be learnt from revivals in scripture and throughout church history, studying our own cultural moment and what God may be doing through the current crisis, praying for revival in our church and as a nation, and taking a practical look at how we as disciples are called to get ready for God to move.

To live is Christ - 'The world is confused and conflicted right now, when it comes to how men should behave, act and think.' Jesus was the perfect man and he invites us to follow him. The aim of the groups was to encourage one another, finding out what it means to be a man and disciple of Jesus in this cultural moment.

Ladies' discipleship group - Where the mind goes a woman follows. A discipleship group for women of all ages, renewing minds according to God's word in order to have the abundant life he promises. A group for those who want to change by renewing the mind, changing one's thinking and one's life.

National and Overseas Activities

All national and international travel was cancelled due to Covid 19. Fusion and NewDay conferences were cancelled.

Page 6

Christ Central London

Report of the Trustees For The Year Ended 31st December 2020

ACHIEVEMENT AND PERFORMANCE

Ecumenical relationships

We are a member of the Evangelical Alliance and, as stated above, are part of a world-wide family of churches known as 'Regions Beyond' which grew out of our affiliation with our larger New Frontiers Church family. We also have a healthy working and community relationship with most of the mainline Christian churches in our neighbourhood. We continued to build relationships with the churches in Crystal Palace until March 2020. We continue to offer the hand of friendship to local church leaders and to join with Regions Beyond leaders in an online capacity.

FINANCIAL REVIEW

Financial position

Total receipts on unrestricted funds amounted to £427,696 and those on restricted funds amounted to £13,719 and are detailed in the financial statements. The total costs of running the church amounted to £347,297 on unrestricted funds and £6,573 on restricted funds, including staff costs of £208,222 and grants and donations made of £27,627. The net result for the year was a surplus of £80,459 on unrestricted funds, which, when added to the unrestricted funds brought forward of £934,935, left funds of £1,015,444 to carry forward including the revaluation reserve. The net surplus on restricted funds of £7,146 was added to the balance of funds brought forward of £22,710 leaving funds of £29,856 to carry forward.

Investment policy

The trustees continue to monitor the cash resources and manage budgets accordingly.

Reserves policy

The trustees review this policy regularly and are satisfied that there are sufficient reserves available for the Charity to continue in the event of a reduction in regular income.

FUTURE PLANS

Building improvements - despite the set-backs caused to the refurbishment project by Covid 19 the church is still committed to reviewing the toilet provision and exploring what upgrades are feasible. We are also looking into creating more space with our existing building to better serve the ministries run from there, whilst continuing to keep our facility in good operational order. Other maintenance to be carried out will include roof repairs to the main hall, upstairs hall and offices; replace damaged lights to the front of the building; replace hot air recirculation in the main foyer.

Congregation Plant - to continue to look for a new venue for the Crystal Palace congregation.

Alpha - to run a second online Alpha course in early 2021. For many people, Alpha Online works better than Alpha in person, so we expect to continue this aspect of our ministry in the coming years.

Increase the leadership base - through training, creating opportunities and releasing responsibilities.

To become a centre for healing and deliverance by providing training for members of Christ Central Church, local churches and the wider Regions Beyond family of churches.

To put a staff handbook in place.

Covid - to plan for regathering safely whilst continuing our online presence.

Covid Webinar - organise an online session with NHS medical experts and immunologists to help inform and educate people about Covid vaccinations currently available in the UK.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The charity is governed by a trust deed dated 9th October 1979 as amended by deeds dated 26th July 2000 and 8th June 2009, a Trustees resolution dated 25th October 2010 and a trust deed dated 5th February 2019.

Page 7

Christ Central London

Report of the Trustees For The Year Ended 31st December 2020

STRUCTURE, GOVERNANCE AND MANAGEMENT

Operating name

The charity operates under the name of Christ Central London.

Recruitment and appointment of new trustees

Trustees are appointed from within the church membership and the power of appointment and removal is vested in the church elders.

Organisational Structure

We continue to be a GDPR compliant church, and have obtained cyber insurance to cover any liability. Regular training is received by staff.

The trustees meet as a body regularly throughout the year and virtually, by means of electronic communication. The charity's activities are run by team leaders who liaise with the elders to discuss management issues, progress, training and developments. Finally, the elders meet regularly with the full-time team to review the overall church activities.

Management

The Charity's day-to-day activities are carried out by a dedicated team of full and part-time staff and volunteers who are overseen by the elders of the church. The charity has four trustees. The elders, together with the trustees, establish policies and guidance to ensure that the Charity's aims and objectives are met. The full-time team who served in 2019 was as follows:

Richie Powell - Senior pastor and elder Max Eaton - Pastor and elder Ben Lee - Youth worker (resigned 31st October 2019)

The part-time team who served in 2019 was as follows:

Chris Smith - Pastor/Teacher Ken Kitson - Finance Michelle Solley - Administrator Susanne Marsden - Communications & integration manager Sam Hailes - Pastor and elder (appointed 1st November 2019)

Membership

The church operates a membership scheme with 170 adult members as at 31.12.20, although many of the church's activities are open to the whole community. In 2020 our Sunday morning meetings were well attended by members as well as many visitors from London and abroad. The elders hold regular Family Meetings to impart vision, share strategy and discuss the business matters of the church.

Risk management

The trustees and elders regularly review the major risks to which the Charity is exposed. Where appropriate, policies, systems and procedures have been established to mitigate risks the Charity faces. The Charity maintains full public liability insurance. It ensures a comprehensive Child Protection policy which is applied to all our children's and youth work, as well as a Vulnerable Adults policy which is applied to our work with vulnerable adults. The policies were updated in November 2020.

An employment safeguarding day was held in February 2020 to train and resource youth workers, children's workers and those working with vulnerable adults in all matters pertaining to staff safeguarding.

As a result of Covid 19 restrictions Risk Assessments were carried out for all church activities in accordance with government guidelines and updated monthly. This included the implementation of temperature checks, Track and Trace and booking systems for all physically gathered activities. Permission was required from parents for children under 18 years old to be involved in video conferencing. There was extra cleaning and sanitising of the whole building.

Page 8

Christ Central London

Report of the Trustees For The Year Ended 31st December 2020

Approved by order of the board of trustees on 24th September 2021 and signed on its behalf by:

Ms P Dyson - Trustee

Page 9

Independent Examiner's Report to the Trustees of Christ Central London

Independent examiner's report to the trustees of Christ Central London

I report to the charity trustees on my examination of the accounts of Christ Central London (the Trust) for the year ended 31st December 2020.

Responsibilities and basis of report

As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust 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 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.

P E Britt FCA ICAEW Baker Britt Chartered Accountants 63 High Street Chislehurst Kent BR7 5BE

24th September 2021

Page 10

Christ Central London

Statement of Financial Activities For The Year Ended 31st December 2020

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
2
Total
EXPENDITURE ON
Charitable activities
3
Activities undertaken directly
Support costs
Governance costs
Grant funding activities
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
427,455
241
427,696
212,561
101,709
5,340
27,627
347,237
80,459
934,985
1,015,444		 Restricted
funds
£
13,719
-
13,719
6,573
-
-
-
6,573
7,146
22,710
29,856		 2020
Total
funds
£
441,174
241
441,415
219,134
101,709
5,340
27,627
353,810
87,605
957,695
1,045,300		 2019
Total
funds
£
479,385
251
479,636
253,591
95,920
8,926
98,308
456,745
22,891
934,804
957,695

The notes form part of these financial statements

Page 11

Christ Central London

Statement of Financial Position 31st December 2020

Notes
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
11
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one
year
12
NET ASSETS
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
707,325
8,404
439,185
447,589
(31,257)
416,332
1,123,657
(108,213)
1,015,444		 Restricted
funds
£
-
-
29,856
29,856
-
29,856
29,856
-
29,856		 2020
Total
funds
£
707,325
8,404
469,041
477,445
(31,257)
446,188
1,153,513
(108,213)
1,045,300
1,015,444
29,856
1,045,300		 2019
Total
funds
£
731,871
10,470
364,743
375,213
(29,906)
345,307
1,077,178
(119,483)
957,695
934,985
22,710
957,695

The financial statements were approved by the Board of Trustees and authorised for issue on 24th September 2021 and were signed on its behalf by:

Ms P Dyson - Trustee

Mr G Steele - Trustee

The notes form part of these financial statements

Page 12

Christ Central London

Notes to the Financial Statements For The Year Ended 31st December 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost Plant and machinery - 25% on cost Fixtures and fittings - 25% on cost

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 13

continued...

Christ Central London

Notes to the Financial Statements - continued For The Year Ended 31st December 2020

2. INVESTMENT INCOME

Deposit account interest
3.
CHARITABLE ACTIVITIES COSTS
Activities undertaken directly
Support costs
Governance costs
Grant funding activities
4.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Rates and water
Other establishment
Telephone
Repairs and maintenance
Motor vehicle expenses
Legal and professional fees
Other Office Costs
Publications and subscriptions
Equipment repairs
Purchases
Direct - Evangelism
Direct - Social Action Food Ba
Direct - Cell Group
Direct - Church Services Exps
Direct - Worship/Band
Direct - Conference
Direct - Youth Activities
Direct - Social Functions
Direct - Football Club
Direct - Training
Depreciation
Interest payable and similar charges		 Direct
Costs (see
note 4)
£
219,134
101,709
5,340
-
326,183		 2020
£
241
Grant
funding of
activities
(see note
5)
£
-
-
-
27,627
27,627
2020
£
208,222
859
19,950
11,287
9,393
848
5,340
5,404
1,706
7,446
59
249
2,026
6,689
1,234
99
3,518
4,836
-
95
29
30,605
6,289
326,183		 2019
£
251
Totals
£
219,134
101,709
5,340
27,627
353,810
2019
£
213,324
581
23,369
7,288
15,571
1,422
8,926
7,147
1,325
1,976
373
21
1,535
3,633
2,922
385
12,206
14,189
419
3,627
957
34,949
2,292
358,437

Page 14

continued...

Christ Central London

Notes to the Financial Statements - continued For The Year Ended 31st December 2020

5. GRANTS PAYABLE

Grant funding activities
The total grants paid to institutions during the year was as
follows:
Grants to institutions
The total grants paid to individuals during the year was as
follows:
Grants to Individuals		 2020
£
27,627
2020
£
19,400
2020
£
8,227		 2019
£
98,308
2019
£
94,765
2019
£
3,543

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st December 2020 nor for the year ended 31st December 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st December 2020 nor for the year ended 31st December 2019.

7. STAFF COSTS

No employee received employee benefits of more than £60,000 during the year (2019: £nil).

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
420,181
Investment income
251
Total
420,432
EXPENDITURE ON
Charitable activities
Activities undertaken directly
185,977
Support costs
95,920
Governance costs
8,926
Grant funding activities
98,308
Total
389,131
NET INCOME/(EXPENDITURE)
31,301
Transfers between funds
(16,011)		 Restricted
funds
£
59,204
-
59,204
67,614
-
-
-
67,614
(8,410)
16,011		 Total
funds
£
479,385
251
479,636
253,591
95,920
8,926
98,308
456,745
22,891
-

Page 15

continued...

Christ Central London

Notes to the Financial Statements - continued For The Year Ended 31st December 2020

----- Start of picture text -----
|||||| |---|---|---|---|---| |8.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued| |Unrestricted|Restricted|Total| |funds|funds|funds| |£|£|£| |Net movement in funds|15,290|7,601|22,891| |RECONCILIATION OF FUNDS| |Total funds brought forward|919,695|15,109|934,804| |TOTAL FUNDS CARRIED FORWARD|934,985|22,710|957,695| |9.|TANGIBLE FIXED ASSETS| |Fixtures| |Freehold|Plant and|and| |property|machinery|fittings|Totals| |£|£|£|£| |COST| |At 1st January 2020|1,006,122|44,133|15,157|1,065,412| |Additions|-|6,059|-|6,059| |At 31st December 2020|1,006,122|50,192|15,157|1,071,471| |DEPRECIATION| |At 1st January 2020|294,990|31,163|7,388|333,541| |Charge for year|20,123|6,692|3,790|30,605| |At 31st December 2020|315,113|37,855|11,178|364,146| |NET BOOK VALUE| |At 31st December 2020|691,009|12,337|3,979|707,325| |At 31st December 2019|711,132|12,970|7,769|731,871|

----- End of picture text -----

During a previous period a professional valuation was carried out by a firm of chartered surveyors who valued the building at £1,020,000. The original cost of the property was £320,000 and improvements to date amount to £636,122.

The bank holds a first charge on the freehold premises in support of the borrowing facilities as detailed in the Loan note.

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

----- Start of picture text -----
|||| |---|---|---| |2020|2019| |£|£| |Other debtors|8,404|10,470|

----- End of picture text -----

Page 16

continued...

Christ Central London

Notes to the Financial Statements - continued For The Year Ended 31st December 2020

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£ £
Bank loans and overdrafts (see note 13) 17,559 17,559
Taxation and social security 7,969 6,207
Other creditors 5,729 6,140
31,257 29,906
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020
£
Bank loans (see note 13)
108,213		 2019
£
119,483

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

13. LOANS

During 2019, the charity took out a bank loan for £140,000 which is repayable within 10 years and is interest bearing. The charity is making equal monthly repayments of capital and interest.

Security for the loan has been granted by the Trustees on the The Kings Hall, Green Lane, London and its associated assets.

14. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Revaluation Reserve
Restricted funds
Special Collections
London Community Fund
Youth Activities
Building refurbishment
TOTAL FUNDS		 At 1/1/20
£
903,985
31,000
934,985
-
810
-
21,900
22,710
957,695		 Net
movement
in funds
£
80,459
-
80,459
6,458
-
403
285
7,146
87,605		 Transfers
between
At
funds
31/12/20
£
£
1,000
985,444
(1,000)
30,000
-
1,015,444
-
6,458
-
810
-
403
-
22,185
-
29,856
-
1,045,300

Page 17

continued...

Christ Central London

Notes to the Financial Statements - continued For The Year Ended 31st December 2020

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Special Collections
Youth Activities
Building refurbishment
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Revaluation Reserve
Restricted funds
Special Collections
London Community Fund
Child Sponsorship
Building refurbishment
TOTAL FUNDS		 At 1/1/19
£
887,695
32,000
919,695
12,827
810
1,472
-
15,109
934,804		 Incoming
resources
£
427,696
13,031
403
285
13,719
441,415
Net
movement
in funds
£
31,301
-
31,301
(28,178)
-
(2,132)
21,900
(8,410)
22,891		 Resources
Movement
expended
in funds
£
£
(347,237)
80,459
(6,573)
6,458
-
403
-
285
(6,573)
7,146
(353,810)
87,605
Transfers
between
At
funds
31/12/19
£
£
(15,011)
903,985
(1,000)
31,000
(16,011)
934,985
15,351
-
-
810
660
-
-
21,900
16,011
22,710
-
957,695

Page 18

continued...

Christ Central London

Notes to the Financial Statements - continued For The Year Ended 31st December 2020

14. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Special Collections
Child Sponsorship
Youth Activities
Building refurbishment
TOTAL FUNDS		 Incoming
resources
£
420,432
23,071
2,495
11,738
21,900
59,204
479,636		 Resources
Movement
expended
in funds
£
£
(389,131)
31,301
(51,249)
(28,178)
(4,627)
(2,132)
(11,738)
-
-
21,900
(67,614)
(8,410)
(456,745)
22,891

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Revaluation Reserve
Restricted funds
Special Collections
London Community Fund
Child Sponsorship
Youth Activities
Building refurbishment
TOTAL FUNDS		 At 1/1/19
£
887,695
32,000
919,695
12,827
810
1,472
-
-
15,109
934,804		 Net
movement
in funds
£
111,760
-
111,760
(21,720)
-
(2,132)
403
22,185
(1,264)
110,496		 Transfers
between
At
funds
31/12/20
£
£
(14,011)
985,444
(2,000)
30,000
(16,011)
1,015,444
15,351
6,458
-
810
660
-
-
403
-
22,185
16,011
29,856
-
1,045,300

Page 19

continued...

Christ Central London

Notes to the Financial Statements - continued For The Year Ended 31st December 2020

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Special Collections
Child Sponsorship
Youth Activities
Building refurbishment
TOTAL FUNDS		 Incoming
resources
£
848,128
36,102
2,495
12,141
22,185
72,923
921,051		 Resources
Movement
expended
in funds
£
£
(736,368)
111,760
(57,822)
(21,720)
(4,627)
(2,132)
(11,738)
403
-
22,185
(74,187)
(1,264)
(810,555)
110,496

15. RELATED PARTY DISCLOSURES

The freehold property is held in the names of the Trustees of the charity.

Page 20

Christ Central London

Detailed Statement of Financial Activities For The Year Ended 31st December 2020

INCOME AND ENDOWMENTS
Donations and legacies
Covenanted Giving
Youth activities
Mission
Income Tax Recovered
Care Fund (incl Food Bank)
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Rates and water
Other establishment
Telephone
Repairs and maintenance
Motor vehicle expenses
Legal and professional fees
Other Office Costs
Publications and subscriptions
Equipment repairs
Purchases
Direct - Evangelism
Direct - Social Action Food Ba
Direct - Cell Group
Direct - Church Services Exps
Direct - Worship/Band
Direct - Conference
Direct - Youth Activities
Direct - Social Functions
Direct - Football Club
Direct - Training
Fixtures and fittings
Bank loan interest
Grants to institutions
Grants to individuals
Total resources expended
Net income		 2020
£
359,470
4,702
1,542
75,460
-
441,174
241
441,415
182,333
11,394
14,495
859
19,950
11,287
9,393
848
5,340
5,404
1,706
7,446
59
249
2,026
6,689
1,234
99
3,518
4,836
-
95
29
30,605
6,289
19,400
8,227
353,810
353,810
87,605		 2019
£
390,273
12,985
2,466
73,451
210
479,385
251
479,636
185,099
13,753
14,472
581
23,369
7,288
15,571
1,422
8,926
7,147
1,325
1,976
373
21
1,535
3,633
2,922
385
12,206
14,189
419
3,627
957
34,949
2,292
94,765
3,543
456,745
456,745
22,891

This page does not form part of the statutory financial statements

Page 21

Christ Central London

Contents of the Financial Statements For The Year Ended 31st December 2020

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Statement of Financial Position 12
Notes to the Financial Statements 13 to 20
Detailed Statement of Financial Activities 21