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$hopJ P Hackman Blshop E T Newman rs D D Kwarter Elder S Okonne Rev R oSe￿6¥am￿ RevA I (tyeknn Elder DThomp50n Rev P H￿￿nIn. IDeceased.. 31/OV20211 IAppDinted.. 16/IV20201 1028128 Prlnclple Ollke 281-283 Rye Lane Peckham London SE15 4UA Tlrrothy Sl4t*r, ACA Harrrer si*er LlmhÈt* Chartered Accountsnts & Re815tered Atyjlto Salatln House. 19 Cedar Road Sutton, Surreyp SM2 5DA ankors N•tlonal WestmknAer 8•n* Pk PO 8ox 4115 Hornchurch Essex RM12 4DF B•rd•ys Bank Pk Plèlstow 2 L*lcex¢rshlre IE87 28B BENEFKJAL VERAaous CHWST CHURCH y•r*￿ta 31 March ))2L. Tr*TDJ#eescthifim)thJitr*Wn￿Ire[#YtafvJhThwthlS1o￿rreryts0fthethIily¢ts￿ty FinanC￿l￿¢￿*￿n4stsrth￿ar￿￿atr￿* Irsth* UKand Republ*d keWIFRSIoZI{effect￿l JèfiL47ryX)19) ISORPiFP51021. The principali**£t olthethaiityr410 *thAn￿1￿￿r￿n Kcryth*tott*srath¢dsL4the14ewTe5tsrnent￿ preseTrat￿￿a￿ Now¢￿n<*he3￿h ￿e￿ish￿¥thUrChe￿s{hr￿￿comE825. fEt*wxsiwk$War￿ offerfw5C O¥iyl romiln5tort5•WxlcalChrlsknwl•*Ml•thvwtydfAfy￿¥1Ihthe￿ 1K*s¢1m￿#M￿n¢th1 F#Jwer•TrJ efftctl¥w￿51¢ff pJsld¥•typvt*We thry14*. 62nationsalsodmpF*OW*antht. The￿￿rnentSfUr￿V4kntXl￿￿(dItted *ll￿tIe 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 d￿0p1￿ctreThl in Ministry15 pl¢¥d1￿8 u5 thwards a deEi￿offi whetherto adopt a hybrid church model or a purely (fi8ital apprNth for dolng ffllnistry and for Ch￿cl*S. HaMn8 fealisedthat thF5 rewlution4ry oppro4ch is how our Church can yow andlhFNe in thethgital ale. we are rewe*in8wrstratyloT Openi￿ new brnnches In the UK in pursuitof owlrowth ambition5. We w0￿d rreatro lhptsl Teamto T￿lew1nd dÈ¥elop 8enefical Vernaou5 Christ ijurth'sapproath tothe Web, ￿tsaI medki and howh* codd bts*ra8etechnol(*al innovknonto enhanEeour r￿tr￿stry. (*Jr ￿an10 e5tatrlish a branth In MI￿Ort Kry￿5 ind fwlher *ill ￿￿¢¢410 ¥tsureltfits *lthour5tro*y ¢JlWfi8 diitsl In tr*futu¥e. Wt oCkr￿ledIeth3I a 5tron8 finondol FQ5itlon Is krytoarhknryowyowth aTrJewan51on plè[￿. In Ilghtofthl& the Church would Dn a fvN1raI￿rn¥ wowamTr to boost OWflnè￿￿l resowce5 50 wett*uKI dd1verouram￿ons. Wtwill ro￿n￿t0 U5* our c45t1p￿￿￿1)r0YlMrn￿ •ndothErethK•ttrolJnd trnlrtrq vlentsto drf%* the ¥)lrftu•l rnh and developm•K of our m•￿￿￿5. Youth mob1115•tlin indav￿loprneTrt corrtlrweto ¢•rtr¢ In ￿r￿t0￿. We4rn d￿lOpIni ￿¥￿5 to Introdu reforms t￿1 wouhl help moblllse the y)uth, Y1￿￿1$e th*r ￿ssIon for •nd ¢orrrfnnm•rt t¢sihetoursÈ of thè gospel. As Part of 0￿r youth devdopr￿rtInd 8rowrh 5trnte8y. we wwtd Steer tow•rds ititrothwa Y￿traInI￿ kYoyarnme,and strery¥thenlng our Mentor1￿ Inthtl¥e as a mxhanlsm to swxsrtthe rn151wofwuth te•dv FIIIANCIAL REVIEW The Trustet'5 h•*•n •wd polkylortht Lueof rests¥** Resww a￿ pLinned ￿ be tofiJTrJ onerfor The Churth'sfirkirKl•l ￿th1on15 set out lr+thefiMndalst•tEM￿ Thefih•nty•l st•tttL*)t h•btkn wepAredoTrtheWni toncem b￿1% as Inthe Dplrlon 01t￿T￿l$let$ t1￿￿*re uKeFtslnttes a1KXrt￿d0jIty'S ablntyto contin￿. STATEMENT OF TRUSTEES RESPONSIBIUDES The Trustees ère respon￿￿e for prewrfr8theTnt5tee's Report *ndth•llMnclèl stateM￿ts1￿ acco￿an￿￿th appliczble law and Unlted ￿n¥doM Accountln¢ Stsrnla￿ Unlled Kin8dwn Genernlty k¢epiEd Ac¢tyJTrti￿PraCll￿>. includln¥ Firnnd•l Reportlrwstandèrd 102 Yhe FIna￿la1 ReEth￿Strndorl •pplka*lnthÈ 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 requlwests*TnJ51eS to wep•re flnancial statements lor eKh fironrialit•rwhich ¢No true and faIr￿¢W of the st•te ￿ *ff*lrs olthe ¢h*r￿ afftdolthe ir*omlw re￿urceS and op￿1(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#lth￿a￿thern coThsfjstwth. • Obser¥Y the and pnndples in the CNryvltySORP. Made I￿￿6ments and eS￿rnateS thatare reasonawearyl prudent Prepare thefjTh3ndalstaten*ntsonthegortcoJKem bASiS l Unle￿11 Is lnapwo￿ote to presume thot the ¢h•rrty *ill ¢ontinuE Inor*￿10n1 TheTrustee5are re5pon5tble for keepirq propu acrountiry rt¢¢*thth•t ¢fixelDse rea￿DabltaCcUTaC¥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$0￿ble Aeps for the detertlon 4nd prEverrtitin of fra￿j and other irregular This reF¢M Was apKwo¥*d ￿￿èTrUs￿e5 on 12 January 2022 yo￿yon it5 Lyhalf by. Arthblshopj P Hackman Btshop E T NeM7)3n BENEFiaAL VERAaous CHRIST CHURCH Independent Examinerfs reportto the Tntstees For the year ended 31 March 2021 I reporttotheTrLthe5rnryexaminJtbJnolthèlknMncial Statem￿￿0¥*r¥v•￿￿()￿IChulrkn ltho C￿r￿st￿thE￿y1rerI1Pd3l Marth 2U2L whicharo stt tyAort paees 5t0 IL AstheChut£h'%TiuStse% artrtspohy￿trrorthe w*iratitholts*fkorK*I xCw&nreWrththe￿MU￿0l l£t2011 IlheArf>. ForthtyearendEd31 hY•rch 2021￿l&￿I￿oIlTra￿Tr knotrog￿r0d￿￿dlrLISection 144 of th¢Chan1￿5￿ClI0II butth*an independenie*7minatbJn t5wequ¥ed. - exAmTne Ihe nnèrb¢ialst•ten￿ts 145dtr*Chart*skl 2011 Otthecharlt￿SACE 2011 vashof Ind•p•r•J•nt Ewlw'sl•POrt tyexamln*ion w•surrfed oot in •c¢vdarrtew7ththe Gener•1 wmth•th) Include5 a ievle¥* Ofthe￿(o￿nIIn1 records kept tythtchurch and acorn￿￿0￿ OfthEf￿n0￿ 5talemEntsprEsentEd wlth tknt r￿Ords. Include5 C¢>Tr5hlRoi￿n of?ry *￿SordI￿￿oSUres knthefinanctll strttffien￿ •ThJthtsethrfof ÈYp￿n8lI0n$frOM y¢*•sTrustees¢￿te￿b￿•n¥Sth m•tthr> Th*pr￿ed￿e$￿l￿rt•kefi doTrx wouh8 ￿ re4ubtd lttin •fid, tOnSffjL*ntty. l&J not expr•55•D rtl•lr￿ew. aThl the rtwjrt tothose m￿tr$￿t ￿1￿￿ thE*¥tem•iIsbe￿. ikn thatkn ¥ry m•ttnèl respttt.. Icroun￿￿8rECDrdS¥e￿n￿l knpt knrnpEdoltheChwth•srn4¥ired ￿01￿*(hIr￿sl¢i2Q11., or 31 IIw*JthySlatsr AssocSat• H•rmer518ter Llm thartwedkcourntants & Iq￿tered 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 $73 918 GDWWna￿?ClJStr 918 4479 315 4791 Tr￿￿tr$￿tt*￿ lun 31S 47 4A7 4Tr1 Ini 194 BENEFICLALVERACIOUS CHRISY CHURCH M•rth 20U 32 iy li Ilrt(¥rr•r*LknbY i?u Ani 4U02 a&925 004Jthhc•JpH*E BENEFiaAL VERAOOVS CHRIST CHURCH Notes to the Fknantial Statsments For the year ended 31 Marth 2021 fthaKlal staten￿5 of th¢ d¥rity. whtth Is a bEnefft Fas 101 hkn* been prewed in #oyd￿te wjth the (hèrthsSORP IFRS 1021'kcwntlnR and Rep¥*tlnt ty C￿rI￿. 5tafementof Recommended PractKe BppkBbletoth8Thie5 preporini thElr accounis acctydano thE F￿anCIal ltep•Sts￿l3{d RopublK of IrtliTh4 (FPS 1021 l¢ffe£tkve I Janu8ry 20191., Yinllncvdl RewtiDiStandard IOZ ThE finorKial ￿￿￿￿1￿￿$10Thdard appf*able in the UK and rtewblkof IT&￿, ondthe 71* fln¥Kbl ThJ*le *Y transth& 85*ts •r4 ￿￿hth￿ln￿eeS t•n ￿ h￿d b) law.The do ¢wJt Indude the slatwwbts ol ￿ ￿rth U¥1 affkn to ¥e Inftymal of The tharity las tsken advaTht¥e olthE ￿k￿r*diSdrISurt Ihw4¥rfb¥thesefir4rKthI 5Menm a5 permiifed by FRS 101 7helln3nthl Repmlwstanthrd apF4kable the VK •*J Rem￿￿¢01 Ird•KI': tk rÈ4uliemÈnts ofStttknn7St*em•mof C*sh Fk lrtcomÈ Is retww ID Sillem￿ ol ￿nanC￿lI Atltr¥lUts ontè the tt*mt t*5 to the 1115 kYob•b* th•t the Inthm?vAI be rE[elb*d1ndt￿ *nount can bE mt•sured relknW. ttstho Pro￿5. &ft5donatedtor arelnduOEdas sold. fK¥ttle5are1￿W1ed •ttheval*tothe the(￿rity*￿ethL%￿ bequartif*d•nd athr¢ ￿lty￿sb￿￿the¢0*. NO•m￿￿rtI1e intlud¢d int￿￿n￿ne1•l stètemtntlu s¢Nty[h￿1ed ￿￿￿￿nteers. Incometax r•J*hy>t0thM￿ffj£•1￿d WAldtydwd5vlaJ4w*rrtlsrttrynlsedaitr*li￿of L4t41hlos areiew15ed •sthwe45•W chwlty io Ihw w￿d￿Ure, It h probab* th* a iransler of e¢¢rt•)k benefrts *lll be reguked In Sffilement the an￿￿thl of thE a￿1￿1￿)n can be measured rdbtAy. Exyndii¥re 15 a¢¢ounTed for ty15b and has bttn undH headlTr8stl*t •4¢rqate all related t¢ the cate80ry. Where costs (arA*x be threaty attrftrArt•J ￿ p*ku* I￿¥ to ac11￿Me$ on • bBsls ¢onststtnt 6rint$ Offer￿ Sub￿ to c0ndlthJ￿ IMn ihe twj d*e •re IS • t•mmlbment not •rtyued •$ expendfture. Pjkxathn and4pyWonmort ofcws Cojt are alkx7tedtothewndpal knIUe501thECIA*th onlheldky*tr*b￿l￿. FundI￿O￿ntIlvI 6eneralfuryJ5 trtunrestr￿Èd fuThj5whtth*e￿￿tdÈIOrthe Useat￿l￿sue￿ oftheTnffiee5 iTrfvrtsertt oliheReneralobfttlTh*sOlt￿th*Ityath¥ whth t*•)dtsWedfryothw kWF¥)ses. Desi£naledfunés UTrTe5tr￿el h￿J$th*t ha*beeD ser¥$￿* tryIheTntsteest(*￿n￿U1lr pww5es. Tre aim ènd ￿0*ex￿￿eS￿atedfv￿d i$$rt￿ h)ihe nrrtes tO￿t￿And31staltrnts Restrkted funds canonty be used fw pJrtKuP4r re5rvxled obpLts ofthEChuwdL RestittK)nsarSsowhenS￿cIfierfbVthe donor orwh fuDd50Te ry15ed for partKukr re51rkred wrpD5e&Th?c05ts of and ￿￿T￿ste¥l￿ suthfw￿sar¢¢h4¢SedagainstthtSwffit fund. BENEFICIAL VERAaous CHR￿ (NURCH Note5 to the Financial SLitements Forthe year ehrfed 31 March 21)21 I Jndryexper Prlntln& wsta4e & stat￿nery Repairs aThJ mainter13rKe Telephore & Comwter Trnvel costs f¢ates & water L*ht & hpat Premises expenses Premlses Insular Wa8es & 531arles Penskjn contrfoutlons Depiectstbn- ￿￿tureS èr*Jequlwnert DepiKlètsn. Pro￿rty 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 rKtrnberOfem￿￿sthWmlgt￿ 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 t*5Kw15 At 31 M1￿h 2011 At l Aprll 1020 ary lory#r 5568 7.671 33.772 139.340 &642 Ai31 M*Ith 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 l*tsi-FuDd kmns 1916 8334 5,776 io BENEFIOAL VERACIOUS CHRIST CHURCH Notesto the ￿nanCIal Ststements Fortheyearended 31 Marth 2011 n* rn4tEe5 37JX*) X9 F*JndJ FuTrJ5 74 71741 J67J n576 Is201 711 *jth￿sbQp2 P H•rkm•n VA5tW•JVtYnd 01É219371l￿." Q4ts2llw*rtkM4sthefrththv* fflkni51U. obhopsfyj￿kIh Hac*m•n **PawJaswddESJW12￿O actir¢as• Tr•r151ei ApJrtfrL*Tihek knrfM5&Jaloffwry4a￿clkn￿￿lOlhtCkwth Ibve We￿ no otherrd*ed Fqny