BENEFICIAL VERACIOUS CHRIST CHURCH Charity Number: 1028128 Flnanclal Statements For the year ended 31 March 2021
BENEFICIAL VERACIOUS CHRIST CHURCH Financial Statements Forthe year ended 31 Marrh 2021 Reference And Admfjnlstythe Detarfs OfThe Charity. Its Tnfjtee5 IndAthlsors kndependent Examlnerfs Rtwi Statement Of nanCI *Lti¥ltie5 Balance Sheet Notes To The Flnan(6•1 Smements 7-11
BENEFICIAL VERAUOUS CHRisf CHURCH Reference And Admlnlstratlve Details Of The Charity, tts Trustee5 And Advisors For The Year Ended 31 March 2021 Trustees Archbl$hopJ P Hackman Blshop E T Newman rs D D Kwarter Elder S Okonne Rev R oSe6¥am RevA I (tyeknn Elder DThomp50n Rev P HnIn. IDeceased.. 31/OV20211 IAppDinted.. 16/IV20201 1028128 Prlnclple Ollke 281-283 Rye Lane Peckham London SE15 4UA Tlrrothy Sl4tr, ACA Harrrer sier LlmhÈt Chartered Accountsnts & Re815tered Atyjlto Salatln House. 19 Cedar Road Sutton, Surreyp SM2 5DA ankors N•tlonal WestmknAer 8•n Pk PO 8ox 4115 Hornchurch Essex RM12 4DF B•rd•ys Bank Pk Plèlstow 2 L*lcex¢rshlre IE87 28B
BENEFKJAL VERAaous CHWST CHURCH y•rta 31 March ))2L. TrTDJ#eescthifim)thJitrWnIre[#YtafvJhThwthlS1orreryts0fthethIily¢tsty FinanCl¢n4stsrtharatr Irsth UKand Republd keWIFRSIoZI{effectl JèfiL47ryX)19) ISORPiFP51021. The principali£t olthethaiityr410 thAn1rn Kcrythtottsrath¢dsL4the14ewTe5tsrnent preseTrata Now¢n<he3h eish¥thUrChes{hrcomE825. fEtwxsiwk$War offerfw5C O¥iyl romiln5tort5•WxlcalChrlsknwl•Ml•thvwtydfAfy¥1Ihthe 1Ks¢1m#Mn¢th1 F#Jwer•TrJ efftctl¥w51¢ff pJsld¥•typvtWe thry14. 62nationsalsodmpFOWantht. ThernentSfUrV4kntXl(dItted *lltIe hdp•nd WFVDrtlh5wthnin8• OlbleStL¥tyand
BENEFICIAL VERACIOUS CHRIS[ CHURCH Trustees, Report Forthe yearended 31 Marth 2021 ACHIEVEMEN AND PERFORMANCE {continued) As obseNed last &r. Ihefast d0p1ctreThl in Ministry15 pl¢¥d18 u5 thwards a deEioffi whetherto adopt a hybrid church model or a purely (fi8ital apprNth for dolng ffllnistry and for ChclS. HaMn8 fealisedthat thF5 rewlution4ry oppro4ch is how our Church can yow andlhFNe in thethgital ale. we are rewein8wrstratyloT Openi new brnnches In the UK in pursuitof owlrowth ambition5. We w0d rreatro lhptsl Teamto Tlew1nd dÈ¥elop 8enefical Vernaou5 Christ ijurth'sapproath tothe Web, tsaI medki and howh codd btsra8etechnol(al innovknonto enhanEeour rtrstry. (Jr an10 e5tatrlish a branth In MIOrt Kry5 ind fwlher ill ¢¢410 ¥tsureltfits lthour5troy ¢JlWfi8 diitsl In trfutu¥e. Wt oCkrledIeth3I a 5tron8 finondol FQ5itlon Is krytoarhknryowyowth aTrJewan51on plè[. In Ilghtofthl& the Church would Dn a fvN1raIrn¥ wowamTr to boost OWflnèl resowce5 50 wettuKI dd1verouramons. Wtwill ront0 U5 our c45t1p1)r0YlMrn •ndothErethK•ttrolJnd trnlrtrq vlentsto drf% the ¥)lrftu•l rnh and developm•K of our m•5. Youth mob1115•tlin indavloprneTrt corrtlrweto ¢•rtr¢ In rt0. We4rn dlOpIni ¥5 to Introdu reforms t1 wouhl help moblllse the y)uth, Y11$e thr ssIon for •nd ¢orrrfnnm•rt t¢sihetoursÈ of thè gospel. As Part of 0r youth devdoprrtInd 8rowrh 5trnte8y. we wwtd Steer tow•rds ititrothwa YtraInI kYoyarnme,and strery¥thenlng our Mentor1 Inthtl¥e as a mxhanlsm to swxsrtthe rn151wofwuth te•dv FIIIANCIAL REVIEW The Trustet'5 h••n •wd polkylortht Lueof rests¥ Resww a pLinned be tofiJTrJ onerfor The Churth'sfirkirKl•l th1on15 set out lr+thefiMndalst•tEM Thefih•nty•l st•tttL)t h•btkn wepAredoTrtheWni toncem b1% as Inthe Dplrlon 01tTl$let$ t1re uKeFtslnttes a1KXrtd0jIty'S ablntyto contin. STATEMENT OF TRUSTEES RESPONSIBIUDES The Trustees ère respone for prewrfr8theTnt5tee's Report ndth•llMnclèl stateMts1 accoanth appliczble law and Unlted n¥doM Accountln¢ Stsrnla Unlled Kin8dwn Genernlty k¢epiEd Ac¢tyJTrtiPraCll>. includln¥ Firnnd•l Reportlrwstandèrd 102 Yhe FInala1 ReEthStrndorl •pplkalnthÈ LIK and Rewc oflrdand". The law •FWkalAeto Q•rttl•s In WalEs.tr Act 201L Charfty IAc(owts Reports) Rè4ulatlDns 2(#)8 nd the wovlslon5 of thetrv5t deed requlwestsTnJ51eS to wep•re flnancial statements lor eKh fironrialit•rwhich ¢No true and faIr¢W of the st•te fflrs olthe ¢hr afftdolthe iromlw reurceS and op1(4110n ol resouTtes, Includini the intornt and exptnditure. ofthe Charityfor th•tp•r. In F¥eK4riW fin•nEbl ststements.thÈTrustetsgre reoulred to.. Twstees are requlred to: Sew siut•t4e K¢WAtIw Fdkles ar#lthathern coThsfjstwth. • Obser¥Y the and pnndples in the CNryvltySORP. Made I6ments and eSrnateS thatare reasonawearyl prudent Prepare thefjTh3ndalstatenntsonthegortcoJKem bASiS l Unle11 Is lnapwoote to presume thot the ¢h•rrty ill ¢ontinuE Inor10n1 TheTrustee5are re5pon5tble for keepirq propu acrountiry rt¢¢thth•t ¢fixelDse reaDabltaCcUTaC¥atlnvttfftthe financlal kkisitKJn of the Chèrityand enaNe to erwre thal the finawal statements comptyf wlth the Charf(ie5 Act 2011. the Chartly (Accounts and RepDrtsl fte8ulath? 2rYJ8 iftdthe pm¥isions ofthe tn[ deed. They are also reswsiuo lor saf4uardin8 the assets ofthe chairtyarwj rKe for tak[ rea$0ble Aeps for the detertlon 4nd prEverrtitin of fraj and other irregular This reF¢M Was apKwo¥d èTrUse5 on 12 January 2022 yoyon it5 Lyhalf by. Arthblshopj P Hackman Btshop E T NeM7)3n
BENEFiaAL VERAaous CHRIST CHURCH Independent Examinerfs reportto the Tntstees For the year ended 31 March 2021 I reporttotheTrLthe5rnryexaminJtbJnolthèlknMncial Statem0¥r¥v•()IChulrkn ltho CrstthEy1rerI1Pd3l Marth 2U2L whicharo stt tyAort paees 5t0 IL AstheChut£h'%TiuStse% artrtspohytrrorthe wiratitholtsfkorKI xCw&nreWrththeMU0l l£t2011 IlheArf>. ForthtyearendEd31 hY•rch 2021l&IoIlTraTr knotrogr0ddlrLISection 144 of th¢Chan15ClI0II butthan independenie7minatbJn t5wequ¥ed. - exAmTne Ihe nnèrb¢ialst•tents 145dtrChartskl 2011 OtthecharltSACE 2011 vashof Ind•p•r•J•nt Ewlw'sl•POrt tyexamlnion w•surrfed oot in •c¢vdarrtew7ththe Gener•1 wmth•th) Include5 a ievle¥ Ofthe(onIIn1 records kept tythtchurch and acorn0 OfthEfn0 5talemEntsprEsentEd wlth tknt rOrds. Include5 C¢>Tr5hlRoin of?ry SordIoSUres knthefinanctll strttffien •ThJthtsethrfof ÈYpn8lI0n$frOM y¢•sTrustees¢teb•n¥Sth m•tthr> Thprede$lrt•kefi doTrx wouh8 re4ubtd lttin •fid, tOnSffjLntty. l&J not expr•55•D rtl•lrew. aThl the rtwjrt tothose mtr$t 1 thE¥tem•iIsbe. ikn thatkn ¥ry m•ttnèl respttt.. Icroun8rECDrdS¥enl knpt knrnpEdoltheChwth•srn4¥ired 01(hIrsl¢i2Q11., or 31 IIw*JthySlatsr AssocSat• H•rmer518ter Llm thartwedkcourntants & Iqtered S¥knt1n House. 19C@darRoad Suttvn, Sum. W25(A4 Date.. tsJaTrw2022
BENEFICIAL VERACIOUS CHRIST CHURCH stsiementof Flnandal Ac¢lv Fun T•t41 Tmal Donalons)d In•71 Wom¢ 41741 741 W76 ripiNrfftittEOtI $73 918 GDWWna?ClJStr 918 4479 315 4791 Trtr$tt lun 31S 47 4A7 4Tr1 Ini 194
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BENEFiaAL VERAOOVS CHRIST CHURCH Notes to the Fknantial Statsments For the year ended 31 Marth 2021 fthaKlal staten5 of th¢ d¥rity. whtth Is a bEnefft Fas 101 hkn been prewed in #oydte wjth the (hèrthsSORP IFRS 1021'kcwntlnR and Rep¥tlnt ty CrI. 5tafementof Recommended PractKe BppkBbletoth8Thie5 preporini thElr accounis acctydano thE FanCIal ltep•Stsl3{d RopublK of IrtliTh4 (FPS 1021 l¢ffe£tkve I Janu8ry 20191., Yinllncvdl RewtiDiStandard IOZ ThE finorKial 1$10Thdard appfable in the UK and rtewblkof IT&, ondthe 71 fln¥Kbl ThJle Y transth& 85ts •r4 hthlneeS t•n hd b) law.The do ¢wJt Indude the slatwwbts ol rth U¥1 affkn to ¥e Inftymal of The tharity las tsken advaTht¥e olthE krdiSdrISurt Ihw4¥rfb¥thesefir4rKthI 5Menm a5 permiifed by FRS 101 7helln3nthl Repmlwstanthrd apF4kable the VK •J Rem¢01 Ird•KI': tk rÈ4uliemÈnts ofStttknn7Stem•mof Csh Fk lrtcomÈ Is retww ID Sillem ol nanClI Atltr¥lUts ontè the ttmt t5 to the 1115 kYob•b th•t the Inthm?vAI be rE[elbd1ndt nount can bE mt•sured relknW. ttstho Pro5. &ft5donatedtor arelnduOEdas sold. fK¥ttle5are1W1ed •tthevaltothe the(rityethL% bequartifd•nd athr¢ ltysbthe¢0. NO•mrtI1e intlud¢d intnne1•l stètemtntlu s¢Nty[h1ed nteers. Incometax r•Jhy>t0thMffj£•1d WAldtydwd5vlaJ4wrrtlsrttrynlsedaitrliof L4t41hlos areiew15ed •sthwe45•W chwlty io Ihw wdUre, It h probab th a iransler of e¢¢rt•)k benefrts lll be reguked In Sffilement the anthl of thE a11)n can be measured rdbtAy. Exyndii¥re 15 a¢¢ounTed for ty15b and has bttn undH headlTr8stlt •4¢rqate all related t¢ the cate80ry. Where costs (arAx be threaty attrftrArt•J pku I¥ to ac11Me$ on • bBsls ¢onststtnt 6rint$ Offer Sub to c0ndlthJ IMn ihe twj de •re IS • t•mmlbment not •rtyued •$ expendfture. Pjkxathn and4pyWonmort ofcws Cojt are alkx7tedtothewndpal knIUe501thECIAth onlheldkytrbl. FundIOntIlvI 6eneralfuryJ5 trtunrestrÈd fuThj5whtthetdÈIOrthe Useatlsue oftheTnffiee5 iTrfvrtsertt oliheReneralobfttlThsOltthItyath¥ whth t•)dtsWedfryothw kWF¥)ses. Desi£naledfunés UTrTe5trel hJ$tht habeeD ser¥$ tryIheTntsteest(nU1lr pww5es. Tre aim ènd 0*exeSatedfvd i$$rt h)ihe nrrtes tOtAnd31staltrnts Restrkted funds canonty be used fw pJrtKuP4r re5rvxled obpLts ofthEChuwdL RestittK)nsarSsowhenScIfierfbVthe donor orwh fuDd50Te ry15ed for partKukr re51rkred wrpD5e&Th?c05ts of and Tste¥l suthfwsar¢¢h4¢SedagainstthtSwffit fund.
BENEFICIAL VERAaous CHR (NURCH Note5 to the Financial SLitements Forthe year ehrfed 31 March 21)21 I <oirtln¥ed Frethyd prcpvty {we$•re41PTr 25%SirnW Trxatbjn Funds CrfF•ffin Trhe5 IIM7 43576
BENEFICIAL VERACIOUS CHRIST CHURCH Notes to the FirMncial Statements Forthe year ended 31 March 2021 Total F¥rJ5 2021 Totsi Funds 2020 Rent ReCeae 30.000 30,000 Totsl FuThJ5 TrAal Funds 2020 Oirert Mlsslon outreath Musl£lans & muskal o¢ceuors Bank char8e5 Legal & professk)nal fees Proyamme expense5 Interest Payab on loansand ffK)rtga8es 520 92 387 270 lJ85 445 593 277 974 L245 1,067 756 L166 LO67 1,617 44.705 427 ILM)2 7,678 67,364 501
Jndryexper Prlntln& wsta4e & statnery Repairs aThJ mainter13rKe Telephore & Comwter Trnvel costs f¢ates & water Lht & hpat Premises expenses Premlses Insular Wa8es & 531arles Penskjn contrfoutlons Depiectstbn- tureS èrJequlwnert DepiKlètsn. Prorty L938 73 45,756 7ffj78 66565 2536 69,101 PIIIs5knn Outreach £nll12020'. £5201 latest0* Womens Wehre Fund. other arwunts were ITr respect of the General FuE¥l 67A64 Totsl Funds 2020 2021 W4ys •nd l•rieS Sochl Secur costs 7S6 427 44742 The rKtrnberOfemsthWmlgt vtWw•s•sfolh. Churthstaff
BENEFICIAL VERACIOUS CHRIST CHURCH Notes to the Financial Statements For the year ended 31 Math 2021 Total Funds 2020 20Zi 918 918 VotslFw)ds 2020 WeMar¢ 336 501 ndthd Idlw- Totyi At l Aprfl 2020 460507 t5Kw15 At 31 M1h 2011 At l Aprll 1020 ary lory#r 5568 7.671 33.772 139.340 &642 Ai31 MIth 2021 1132 34,736 147.982 lkn boDkfAIwt At31 Mvch 2021 31L7Y 771 312.525 Ai 31 March 2020 319,432 L755 321.161 20X 219 ltsi-FuDd kmns 1916 8334 5,776 io
BENEFIOAL VERACIOUS CHRIST CHURCH Notesto the nanCIal Ststements Fortheyearended 31 Marth 2011 n rn4tEe5 37JX) X9 FJndJ FuTrJ5 74 71741 J67J n576 Is201 711 jthsbQp2 P H•rkm•n VA5tW•JVtYnd 01É219371l." Q4ts2llwrtkM4sthefrththv fflkni51U. obhopsfyjkIh Hacm•n PawJaswddESJW12O actir¢as• Tr•r151ei ApJrtfrLTihek knrfM5&Jaloffwry4aclknlOlhtCkwth Ibve We no otherrd*ed Fqny