Caseware UK (AP4) 2022.0.179 2022.0.179 Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-311804538270680718112081811208181120818045386false2022-08-01No description of principal activity62023-07-31 SC117770 2022-08-01 2023-07-31 SC117770 2021-08-01 2022-07-31 SC117770 2023-07-31 SC117770 2022-07-31 SC117770 2022-08-01 SC117770 2021-08-01 SC117770 c:CompanySecretary1 2022-08-01 2023-07-31 SC117770 c:RegisteredOffice 2022-08-01 2023-07-31 SC117770 d:Buildings 2022-08-01 2023-07-31 SC117770 d:Buildings 2023-07-31 SC117770 d:Buildings 2022-07-31 SC117770 d:Buildings d:LongLeaseholdAssets 2022-08-01 2023-07-31 SC117770 d:Buildings d:LongLeaseholdAssets 2023-07-31 SC117770 d:Buildings d:LongLeaseholdAssets 2022-07-31 SC117770 d:FurnitureFittings 2022-08-01 2023-07-31 SC117770 d:FurnitureFittings 2023-07-31 SC117770 d:FurnitureFittings 2022-07-31 SC117770 d:ComputerEquipment 2022-08-01 2023-07-31 SC117770 d:ComputerEquipment 2023-07-31 SC117770 d:ComputerEquipment 2022-07-31 SC117770 d:CurrentFinancialInstruments 2023-07-31 SC117770 d:CurrentFinancialInstruments 2022-07-31 SC117770 c:FRS102 2022-08-01 2023-07-31 SC117770 c:IndependentExaminationCharity 2022-08-01 2023-07-31 SC117770 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 SC117770 b:Trustee1 2022-08-01 2023-07-31 SC117770 b:Trustee2 2022-08-01 2023-07-31 SC117770 b:Trustee3 2022-08-01 2023-07-31 SC117770 b:Trustee4 2022-08-01 2023-07-31 SC117770 b:Trustee5 2022-08-01 2023-07-31 SC117770 b:UnrestrictedFundsGeneral 2022-08-01 2023-07-31 SC117770 b:UnrestrictedFundsGeneral 2021-08-01 2022-07-31 SC117770 b:RestrictedIncomeFunds 2022-08-01 2023-07-31 SC117770 b:RestrictedIncomeFunds 2021-08-01 2022-07-31 SC117770 b:UnrestrictedFundsGeneral 2023-07-31 SC117770 b:UnrestrictedFundsGeneral 2022-07-31 SC117770 b:RestrictedIncomeFunds 2023-07-31 SC117770 b:RestrictedIncomeFunds 2022-07-31 SC117770 c:ChiefExecutive 2022-08-01 2023-07-31 SC117770 b:TotalUnrestrictedFunds 2023-07-31 SC117770 b:TotalUnrestrictedFunds 2022-07-31 SC117770 b:TotalRestrictedIncomeFunds 2023-07-31 SC117770 b:TotalRestrictedIncomeFunds 2022-07-31 SC117770 c:FullAccounts 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: SC117770
Charity number: SC016200














CHRISTIAN CENTRE MINISTRIES
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

 
Christian Centre Ministries
 

CONTENTS



Page
Reference and administrative details of the company, its Trustees and advisers
1
Trustees' report
2 - 7
Independent examiner's report
8 - 9
Statement of financial activities
10
Balance sheet
11
Notes to the financial statements
12 - 22
Charity Detailed income and expenditure account accounts and summaries 
23

 
Christian Centre Ministries
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 JULY 2023



Trustees
  
Sherrie Hadden (Pastor)
June Jack
Peter Hadden
Paul Williams
Stephen Napier

Company registered number

SC117770

Charity registered number

SC016200

Registered office

131 Links Street
Kirkcaldy
Fife
KY1 1QL

Company secretary

Peter Hadden

Chief executive officer

Sherrie Hadden (Pastor)

Accountants

EQ Accountants Limited
Chartered Accountants
Pentland House
Saltire Centre
Glenrothes
Fife
KY6 2AH

Solicitors

Campbell Smith W.S.
21 York Place
Edinburgh
EH1 3EB

Page 1

 
Christian Centre Ministries
 
  
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 JULY 2023

The trustees are pleased to present their annual trustees' report financial statement of the charity for the year ended 31st July 2023 which is also prepared to meet the requirements for a trustees' report and accounts for Companies Act purposes.
 

The financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), the Companies Act 2006, the Memorandum and Articles of Association, and 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).
 

Reference and Administrative Details
Reference and administrative details are shown in the schedule of members of the board and professional advisers on page 1 of the financial statements.
The trustees who served the charity during the year were as follows:
Sherrie Hadden (Pastor)
June Jack
Peter Hadden
Paul Williams
Stephen Napier
 

Objectives and activities
 

a. Objectives
 

The charitable company's principal objective is to establish and oversee churches in Scotland and worldwide. This continues to involve administration, organisation and financing of all aspects of outreach and missions work, locally, nationally and internationally. Also to undertake all ancillary activities relevant to the furtherance of Christian teaching and ideals including the advancement of education and learning by the establishment of schools in Christian environments, using curricula approved by the bodies responsible for the conduct and operation of such schools.
 

Achievements and performance
 

a. Main achievements of the company
 

The charitable company has, as in previous years achieved much and continues to progress with the goals set out in the future planning. Much has been accomplished and attained throughout the year under review through the many events held. Growth within the church, public relations and community outreach are of great importance and these are being increased and expanded.
In the year under review the ministry has held many different events and meetings which are always excellent avenues for community outreach, church growth and developing good public relations. These meetings were held live and also virtually or both in some cases. The avenue of social media and virtual platforms has proved to be of vital part of todays church ministry and means that the charitable company is reaching further afield in the work of the ministry and in seeing peoples lives touched and changed.
In the year under review all services continued in both Kirkcaldy and Edinburgh and the online service put in place during the covid pandemic also remains in action. Connections continue to be made with people throughout the world joining in with our online services and with other online meetings/events. This all shows that the charitable company is a productive and active ministry.
 
Page 2

 
Christian Centre Ministries
 
Achievements and performance (continued)


The Charitable Company – Christian Centre Ministries, hosted the ‘International Celebration’ in October of the year under review. This event was held as part of the Edinburgh Service, and the response from the church congregations was again excellent. This annual event is always a great outreach to the local community and to the general public, giving people the opportunity to experience church in a more relaxed atmosphere. It incorporates praise, ministry of the Word, and fellowship and with the colour, energy, and excitement  this multicultural event is a celebration of Who God is in the hearts of the people throughout the world. The event was a fruitful and successful time, and the ministry is looking forward to next year’s celebration.
November, of the year under review, saw the Charitable Company hosting the annual Autumn Faith Conference. The conference was held over the first weekend of the month and incorporated live meetings and virtual meetings. The theme for the conference was ‘Build Your Faith in This Present Day’. The guest speaker for the virtual meetings on the Friday and Saturday nights was Charles Graham, from the USA. The teachings that were brought forth throughout the weekend, helped and exhorted those in attendance how to continue to build their faith in the face of everyday challenges. The Trustees/Directors were very pleased with the attendance to all the meetings, virtual and live. Again, the response of the attendance to the virtual meetings shows how important these online platforms are for  a church and ministry in today’s society.
In December 2022, the charitable company again reached out to support those in need in the local communities. With the annual Christmas Hampers, full of Christmas foods being given out to the needy families in the church and in the communities. These hampers are a valuable and important part of the churches outreach, especially in the day that we live. The Ministry also continued to support the school in the Edinburgh locale, by sowing a monetary gift to their school Christmas mission, however this year this giving was increased by connecting with a school in the Kirkcaldy area that is also in a more deprived area of the town, with many needy children and families. The church being able to sow and donate these hampers and finances means that the love of Christ is being shared with so many people who otherwise would probably not have a joyous time of the year – a time when we all should be celebrating the birth of Jesus Christ our King. The church congregations again played a part in both of these outreaches, being actively involved in what the church is doing in their local areas - helping to distribute and provide the hampers and sowing financially into these missions.
Also, in December 2022, the Charitable company held several different Christmas and New Year events, which were reinstated after being on hold the previous year. The events included children’s and youth parties, Diadems Luncheon, Christmas Day service, Encourage fellowship, and the annual New Year Celebration. All these different events allow for congregations, their family, friends and work colleagues, and other visitors to come along to experience church life in a more relaxed atmosphere. These outreach events are of vital importance to the growth of the church and to bring Christ into the lives of those who are in need. All the events were well supported and everyone enjoyed the fellowship and the social side, as well as the scriptural side, remembering and celebrating Jesus -Who is the reason for the season. 
The annual three-day Prayer and Fast was held in January 2023. The fast is chosen by the individual themselves and there are prayer sessions held both live and virtually, which include teaching, and prayer. This prayer and fast time is an opportunity for people to take time out to pray for their own destiny, spending time before God to get His wisdom and guidance on the year ahead and for their future in general. 
In February of the year under review the Heavenly Matters Conference was hosted by Christian Centre Ministries. The conference was held the 9th - 11th February, in a hotel in Peeblesshire. This conference has proved to be a very popular event with the delegates having time away from their normal day to day routine and being able to attend teaching and prayer sessions, as well as have some relaxation fellowship and time for self. This year’s conference was again well attended by not only members of the congregations but by visitors and Pastors from all over the UK and the world. The ministry of the Word at these conferences is always powerful and the opportunity to network and connect is of great importance in church growth and public relations.
The Trustees/Directors were very encouraged by the testimonies received from delegates and were pleased by the attendance and response to the conference, since this was our first since the covid pandemic and after lockdowns.
Page 3

 
Christian Centre Ministries
 
Achievements and performance (continued)



In April 2023 the Good Friday healing Service was held in ‘The Haven’  within the Kirkcaldy church building. An evening of worship and ministry of the Word this service was well attended, with people sharing testimony and enjoying a time of fellowship together. This fellowship is of vital importance within the church and the Trustees/Directors were pleased and enthused to see the response of the people within and out with the church who attended. 
The Encourage men’s ministry, Diadems women’s ministry, Intensity Youth and young adults group all continued throughout the year under review. With most meetings taking place live, within the churches or  in different venues, and with different emphasis. Virtual meetings also continued proving successful. These individual meetings relevant to men, women, youth, and young adults are another great opportunity for visitors to come along and experience ‘church’ in a different and more relaxed setting, and at relevant age ranges. This helps to encourage church growth. The teachings, sharing and fellowship that comes forth at the meetings exhorts the family of believers at whatever age to grow in their understanding of God and in their walk and journey of faith with Him.
The Trustees/Directors of the Charitable Company have been encouraged throughout this year under review with the progress and development of the church, ministry, and the congregations. Feeling loved, cared for and supported is vital for people in the society we live in today, and this has been of great importance to all the Directors. Seeing the events and outreach opportunities held throughout the year and the congregational support in all of it has been a pleasure and an encouraging thing for them. The Directors are believing that next year will be another positive and productive year for the Ministry, the congregations and all those connected with this Ministry.
As is evident from the Review of the year, the ministry continues to achieve its objectives and maintains vision for any projects undertaken. The aim is to see continued progress and growth for the foreseeable future, without having to depend upon grants, legacies, or unexpected donations.
 
 

Financial review
 

a. Going concern
 

The Directors and Trustees are responsible for the internal financial controls and have assessed the performance of the company for the year ended 31st July 2023 and concluded that there are no major risks or concerns to which the charitable company may be exposed.
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
 
Page 4

 
Christian Centre Ministries
 
Financial review (continued)

 

b. Surplus
 

The financial statements confirm that the charitable company has shown a surplus of £3,335 for the year. In the current year there was sufficient unrestricted funds, with cumulative unrestricted funds of £905,604. The Directors and Trustees will continue to monitor the financial position and discuss ways to generate more income.
 

c. Reserves policy
 

The charitable company's reserves, being an amount of £48,000 held in the bank, are designed to meet operational costs for the unforeseen winding up of the charitable company plus any contractual staff liabilities which may arise at the end of the funding period. The charity has two buildings which could be sold upon winding up. Additionally, some of the winding up costs would not require payment until the buildings were sold. However since the properties may not be sold immediately the trustees feel it would be prudent to hold cash reserves of £48,000.
 

d. Investments
 

No investments were made in the year under review.
 

e. Insurances
 

The physical safety of employees and general public using the company facilities is covered by Employers' Liability and Public Liability insurances, which are in place through the company insurance brokers.
 

f. Liabilities
 

All properties are owned outright by the charitable company and there has been some expenditure on the general maintenance and upkeep of the two church buildings throughout the year. The company is happy to report that there have been no major repairs required in the year under review.
The financial statements confirm that the charitable company has no long term liabilities, mortgages, loans or any other kind of borrowing.
 

Structure, governance and management
 

a. Constitution
 

Christian Centre Ministries is registered as a charitable company limited by guarantee and operates under the rules of its Memorandum of Association.
 

b. Methods of appointment or election of Trustees
 

A new trustee is elected by means of nomination by a current trustee. Once nominated, the partners are called to vote for that person to become a trustee, before the appointment is carried through.
On appointment the board give new trustees a copy of the Memorandum and Articles of Association, which outlines the aims of the company. They also receive information regards the roles and responsibilities of trustees and staff. The new trustee is also given a copy of the most recent OSCR guidelines regards their responsibilities.
 

Page 5

 
Christian Centre Ministries
 
Structure, governance and management (continued)

c. Organisational structure and decision-making policies
 

The trustees of the charitable company have overall responsibility for the transaction of the ordinary business of Christian Centre Ministries.
The trustees of the charitable company (Members of the Advisory Board) are responsible for the strategic decisions of the company and are reappointed annually at the Annual General Meeting, along with the reappointment of the accountants and confirmation of bankers and solicitors. Employees of the company are responsible for the day to day administration and bookkeeping.
 

Plans for future periods
 

To expand the live stream facilities, by having meetings that are live, be livestreamed as well, these would include Diadems, Encourage, prayer meetings and conferences.
To continue to concentrate on young adult’s groups, helping them to stay focused on their faith. Giving them opportunity to get to know more young people within their age group and allowing open discussions in relation to Bible Truth principles, resulting in them feeling more connected to each other and will cause their faith to grow.
To develop further a ministry care team of committed people to support anyone in the church who may be needing extra support, when going through troubled or difficult times both spiritually and practically.
To hold open day events. Taking advantage on what events are taking place in the local town and cities. Celebrating more with the communities around Christmas, New Year and Easter seasons. This keeps the ministry in the public eye as well as being interested in supporting the people within the local communities.
 

Page 6

 
Christian Centre Ministries
 
Statement of Trustees' responsibilities
 

The Trustees (who are also the directors of the company 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 . 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 company 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:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
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 company will continue in business.


The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


Independent Examination
Steven Todd CA of EQ Accountants Limited was appointed as Independent Examiner during the year.
Small Company Provisions
The report has been prepared in accordance with the provisions applicable to companies entitled to the small company exemption.
Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.


 

Approved by order of the members of the board of Trustees and signed on their behalf by:


Peter Hadden
Secretary

Date: 2 April 2024

Page 7

 
Christian Centre Ministries
 

 
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 JULY 2023

Independent examiner's report to the Trustees of Christian Centre Ministries

 
I report on the accounts of the company for the year ended 31 July 2023 which are set out on pages 10 to 22.


Respective responsibilities of Trustees and examiner


The trustees, who are also directors of the company for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 ('the Act') and the Charities Accounts (Scotland) Regulation 2006 (as amended). The trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.


Basis of independent examiner's statement


My examination was carried out in accordance with regulation 11 of the Accounts Regulations. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.


Page 8

 
Christian Centre Ministries
 

 
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2023

Independent examiner's statement


In the course of my examination, no matter has come to my attention:


1.
which gives me reasonable cause to believe that in any material respect the requirements:

to keep accounting records in accordance with section 44(1)(a) of the Act and regulation 4 of the Accounts Regulations; and

to prepare financial statements which accord with the accounting records, Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102) and in other respects comply with regulation 8 of the Accounts Regulations

have not been met; or

2.
to which, in my opinion, attention should be drawn in order to enable proper understanding of the financial statements to be reached.



This report is made solely to the company's Trustees, as a body, in accordance with regulation 11 of the Charities Accounts (Scotland) Regulations 2006My work has been undertaken so that I might state to the company'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 company and the company's Trustees as a body, for my work or for this report.





Signed:      Dated: 3 April 2024

Steven Todd CA     

EQ Accountants Limited
Chartered Accountants
Pentland House
Saltire Centre
Glenrothes
Fife
KY6 2AH
Page 9

 
Christian Centre Ministries


 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 JULY 2023


Unrestricted funds
2023
Restricted funds
2023
Total
funds
2023
Total
funds
2022
Note
        £
        £
        £
        £

Income from:







Donations and legacies

2

184,502

6,413

190,915

160,834
 
Investments

3

287

-

287

9
 
Other income

4

-

-

-

2,080
 
Total income
184,789
6,413
191,202
162,923
Expenditure on:







Charitable activities


181,454

6,413

187,867

170,110
 
Total expenditure
181,454
6,413
187,867
170,110

Net movement in funds
  
3,335
-
3,335
(7,187)

Reconciliation of funds:

  





Total funds brought forward

  

902,269

-

902,269

909,456
 
Net movement in funds

  

3,335

-

3,335

(7,187)
 
Total funds carried forward
  
905,604
-
905,604
902,269

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 12 to 22 form part of these financial statements.

Page 10

 
Christian Centre Ministries
REGISTERED NUMBER: SC117770


 
BALANCE SHEET
AS AT 31 JULY 2023


2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 9 
814,359
821,443

  
814,359
821,443

Current assets
  

Debtors
 10 
22,307
9,226

Cash at bank and in hand
  
76,465
79,955

  
98,772
89,181

Creditors: amounts falling due within one year
 11 
(7,527)
(8,355)

Net current assets 
  
 
 
91,245
 
 
80,826

Total assets less current liabilities
  
905,604
902,269

Net assets excluding pension asset 
  
905,604
902,269

Total net assets 
  
905,604
902,269


Charity funds
  

Restricted funds
 12 
-
-

Unrestricted funds
 12 
905,604
902,269

Total funds
  
905,604
902,269

The company 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 year 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 and signed on their behalf by:




Sherrie Hadden (Pastor)



Stephen Napier
Date: 2 April 2024

The notes on pages 12 to 22 form part of these financial statements.

Page 11

 
Christian Centre Ministries
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.Accounting policies

  
1.1

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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Christian Centre Ministries 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.

  
1.2

General information

The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

  
1.3

Income

All income is recognised once the company 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 company 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 company, can be reliably measured. 

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the company's accounting policies.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the company 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.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

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.

Page 12

 
Christian Centre Ministries
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.Accounting policies (continued)

  
1.4

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 company's objectives, as well as any associated support costs.

  
1.5

Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.

 
1.6

Tangible fixed assets and depreciation

Tangible fixed assets costing £450 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. 

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following bases:

Heritable land
-
Nil
Heritable buildings
-
1-5% reducing balance
Fixtures and fittings
-
25% reducing balance
Computer equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Revalued assets are carried at fair value less any subsequent depreciation or impairment losses.
Revaluation gains are recognised as "gains on the revaluation of fixed assets" within the Statement of Financial Activity (SoFA), unless they reverse a charge for impairment that has previously been recognised as a cost within the expenditure headings of the SoFA.
Revaluation losses are recognised as an expense in the relevant expenditure heading of the SoFA except to the extent to which they offset any previous revaluation gains, in which case the loss is shown in the "gains/(losses) on the revaluation of fixed assets" section of the SoFA.

Page 13

 
Christian Centre Ministries
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.Accounting policies (continued)


1.7

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 company 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.

  
1.8

Financial instruments

The company 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.

  
1.9

Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

  
1.10

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 company 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 company 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.

Investment income, gains and losses are allocated to the appropriate fund.


2.

Income from donations and legacies





Unrestricted funds
2023
Restricted funds
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £
        £
 



 
Tithes, offerings and donations

76,605

6,413

83,018

67,830
 
Gift aided- donations, offering and tithes

107,897

-

107,897

93,004
 
Total 2022


155,658
5,176
160,834

Page 14

 
Christian Centre Ministries
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

3.

Investment income




Unrestricted funds
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £




Bank interest receivable

287

287

9
 
Total 2023


287
287
9
Total 2022


9
9



4.

Other incoming resources




Unrestricted funds
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £




Grant income

-

-

2,080
 
Total 2023


-
-
2,080
Total 2022


2,080
2,080

Grant income in 2022 relates to monies received during the year from the Coronavirus Job Retention Scheme. 

Page 15

 
Christian Centre Ministries
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.

Analysis of expenditure by activities




Activities undertaken directly
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £




Direct costs

187,867

187,867

170,110
 
Total 2022


170,110
170,110


Analysis of direct costs




Activities
2023
Total
funds
2023
Total
funds
2022
        £
        £
        £




Directors' remuneration

64,600

64,600

56,059
 
Directors' pensions

328

328

218
 
Directors' employer's NIC

2,806

2,806

2,293
 
Staff costs

36,957

36,957

40,192
 
Heat and light 

7,576

7,576

7,015
 
Repairs and maintenance

9,262

9,262

5,736
 
Insurance

14,685

14,685

13,752
 
Travel expenses 

6,574

6,574

4,926
 
Telephone

2,736

2,736

2,446
 
Missions and visitors 

21,052

21,052

19,037
 
Music and sound system

1,410

1,410

956
 
Sundry expenses 

3,421

3,421

951
 
Computer expenses

1,524

1,524

793
 
Accountancy fees

5,100

5,100

6,439
 
Book keeping and payroll services

2,107

2,107

1,354
 
Conferences

-

-

-
 
Bank charges

186

186

252
 
Professional fees

-

-

-
 
Depreciation

7,543

7,543

7,651
 
(Gain)/Loss on disposal of fixed assets

-

-

40
 
Total 2023


187,867
187,867
170,110
Total 2022


170,110
170,110

Page 16

 
Christian Centre Ministries
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

6.

Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £5,100 (2022 - £6,439), and payroll services of £2,107 (2022 - £1,354).

7.



Staff costs


2023
2022
£
£


Wages and salaries
35,717
39,191

Social security costs
822
607

Contribution to defined contribution pension schemes
418
394

36,957
40,192

The average number of persons employed by the company during the year was as follows:


2023
2022

No.
No.


Employees
6
6

No employee received remuneration amounting to more than £60,000 in either year.





8.


Trustees' remuneration and expenses

During the year, one or more Directors has been paid remuneration from an employment with the company. Pastor Sherrie Hadden is remunerated for performing her pastoral duties. Peter Hadden is remunerated for assisting Pastor Sherrie in her pastoral duties and also maintaining the upkeep of the church buildings. Neither are remunerated for their trustees duties. The value of Directors' remuneration was as follows:

2023
2022
£
£
Sherrie Hadden (Pastor)

Remuneration
50,468
42,659
Peter Hadden

Remuneration
16,938
13,400

Pension contributions paid
328
218

During the year ended 31 July 2023, expenses totalling £6,574 (2022 - £4,926) were reimbursed to Pastor Sherrie Hadden for expenses incurred whilst performing her duties. The expenses covered travel and accommodation costs .

Page 17

 
Christian Centre Ministries
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

9.


Tangible fixed assets




Heritable property
Fixtures and fittings
Computer equipment
Total

£
£
£
£


Cost or valuation

At 1 August 2022
846,517
55,936
9,341
911,794

Additions
-
-
459
459


At 31 July 2023

846,517
55,936
9,800
912,253


Depreciation

At 1 August 2022
31,139
52,772
6,440
90,351

Charge for the year
5,916
791
836
7,543


At 31 July 2023

37,055
53,563
7,276
97,894


Net book value


At 31 July 2023
809,462
2,373
2,524
814,359


At 31 July 2022
815,378
3,164
2,901
821,443

Included in heritable property is heritable land at valuation of £350,000, (cost £350,000) which is not depreciated.

The heritable property was revalued in 2018 by an independent valuer. The directors believe that the total value of £809,462 represents a fair open market value as at 31 July 2023 (2022- £815,378).


The company has adopted a policy of revaluation for tangible fixed assets. Had these assets been measured at historic cost, the carrying values would have been as follows:


2023
2022
£
£

Cost
860,864
860,864

Accumulated Depreciation
(38,112)
(32,118)

822,752
828,746

Page 18

 
Christian Centre Ministries
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

10.



Debtors


2023
2022
£
£


Due within one year

Trade debtors
9,065
6,226

Other debtors and prepayments
13,242
3,000

22,307
9,226


11.



Creditors: Amounts falling due within one year


2023
2022
£
£


Other taxation and social security
1,689
1,829

Accruals and deferred income
5,838
6,526

7,527
8,355

Page 19

 
Christian Centre Ministries
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

12.

Statement of funds


Statement of funds - current year

Balance at 1 August 2022
£
Income
£
Expenditure
£
Balance at 31 July 2023
£

Unrestricted funds





General Funds - all funds

466,061

184,789

(181,454)

469,396
 
Reserves

436,208

-

-

436,208
 



902,269
184,789
(181,454)
905,604

Restricted funds






School Missions

-

915

(915)

-
 
Peebles Conference

-

5,498

(5,498)

-
 



-
6,413
(6,413)
-

Total of funds


902,269
191,202
(187,867)
905,604

Restricted Funds 
JDM Ministry Event - relates to monies donated for the JDM Ministry outreach event speakers. 
School Missions - relates to the monies donated to help the local school families with various costs they may be struggling with.
Peebles Conference - relates to monies donated for the accommodation, food, drink and all costs
 relating to the Peebles Conference.

Page 20

 
Christian Centre Ministries
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

12.

Statement of funds (continued)



Statement of funds - prior year

Balance at
1 August 2021
£
Income
£
Expenditure
£
Transfers in/out
£
Balance at
31 July 2022
£

Unrestricted funds






General Funds - all funds

473,248

157,747

(160,934)

(4,000)

466,061
 
Reserves

436,208

-

-

-

436,208
 



909,456
157,747
(160,934)
(4,000)
902,269


Restricted funds







JDM Ministry Event

-

5,176

(9,176)

4,000

-
 


Total of funds


909,456
162,923
(170,110)
-
902,269


13.

Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted funds
2023
Total
funds
2023
        £
        £


Tangible fixed assets

814,359

814,359

Current assets

98,772

98,772

Creditors due within one year

(7,527)

(7,527)

Total 


905,604
905,604

Page 21

 
Christian Centre Ministries
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

13.Analysis of net assets between funds (continued)



Analysis of net assets between funds - prior year

Unrestricted funds
2022
Total
funds
2022
        £
        £


Tangible fixed assets

821,443

821,443

Current assets

89,181

89,181

Creditors due within one year

(8,355)

(8,355)

Total 

902,269
902,269


14.


Gifts in kind

There were no notional gifts in kind in the current year (2022 - £NIL).



15.


Related party transactions

Total donations received from Trustees were £19,289 (2022 - £20,099).     
There are no other related party transactions other than those disclosed in note 8 of the accounts.                                                      


16.


Company limited by guarantee

The company is limited by guarantee and therefore there is no share capital.

Page 22

 
Christian Centre Ministries
 

 
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JULY 2023



2023
2023
2022
2022
£
£
£
£

Income

Tithes, offerings and donations
83,018
67,830

Gift aid, donations, offerings and tithes
107,897
93,004

Bank interest receivable
287
9

Other income
-
2,080



191,202


162,923

Less:

Charity expenditure

Directors' remuneration
64,600
56,059

Directors' pensions
328
218

Directors' employer's NIC
2,806
2,293

Wages & salaries & employer's NIC
36,539
39,798

Pensions costs
418
394

Heat and light
7,576
7,015

Repairs and maintenance
9,262
5,736

Insurance
14,685
13,752

Travel expenses
6,574
4,926

Telephone
2,736
2,446

Missions and visitors
21,052
19,037

Music and sound system
1,410
956

Sundry expenses
3,421
951

Computer expenses
1,524
793

Accountancy fees
5,100
6,439

Book keeping and payroll services
2,107
1,354

Bank charges
186
252

Depreciation
7,543
7,651

(Gain)/Loss on disposal of fixed assets
-
40



187,867


170,110

Total expenditure

187,867

170,110

Net income for the reporting period
3,335
(7,187)

The notes on pages 12 to 22 form part of these financial statements.

 Page 23