Charity registration number.. 1054363 Bexley Christian Life Centre Annual Report and Financlal Statements for the Year Ended 5 April 2024 FSeld Sulllvan Llmited 9 Hare & Billet Road Blackheath London SE3 ORB
Bexley Christian Life Centre Contents (continued) Reference and Administrative Details Trustees, Report 2to5 Independent Examiner's Report 6t07 Statement of Financial Activities Balance Sheet Notes to the Financial Statements IOto17
Bexley Christian Life Centre Reference and Administratlve Details Trustees D J Bearfoot P R Davis C Erswell Blojo O Onagoruwa A E Nicholls MBE Charlty Reglstratlon Number 1054363 Princlpal Office 17 Upland Road Bexleyheath Kent DA7 4NR Independent Emamlner Field Sullivan Limlted 9 Hare & Billet Road Blackheath London SE3 ORB Bankers Kingdom Bank Media House Padge Road Beeston Nottlnghamshlre NG9 2RS National Westmlnster Bank I Towhley Road Bexleyheath Kent DA6 7JG Page I
Bexley Christian Life Centre Trustees, Report The trustees present the annual report together with tlie financial statements of the charity for the year ended 5 April 2024. Oblettlves and activities BCLC'S vision is.. Bringing the love and miraculous power of Jesus to a broken world. a.Pollcles and ObJectlves The objects of the Church are: The advancement of the Christian rellglon by the proclamation and furtherance of the Gospel of God concerning His Son Jesus Christ the Lord and teachlng the Word of God by the Church, in accordance wSth the Statement of Fundamental truths of Assemblles of God in Great Britain and Ireland as approved by the General Council from time to time; Such other charitable purposes as shall further the attainment of the above of the Church: The furtherance of the other charitable work of the Church consistent with the Statement,, The furtherance of the work of the Assemblies of God in Great Britaln and If eland and the promotion of the spiritual teaching and the maintenance of the statement and the promotion of religlous observances within the Statement. b. Revlew of Activitles The premises is fully utilised throughout the year, for the services and activities of a fully-functionlng church. Post-covid, streaming of the main servlces continues on-line, and the technology provldes links with people not only locally but across the world. Regular ActivStle5 throughout the year Sunday Celebration, attended by people of all ages from the Ioc31 area and beyond. Mid-week meeting- weekly Prayer worship and study meetlngs for 311 ages, Wednesday evenings. Crèche facilities provided for infants wSth their parent/carer, concurrent wlth Sunday Celebration, most Sundays. Parent and Toddler Group, open to community, weekly on Frlday mornings, term time. Sunday "Lightzone" for children lages 3 to 111, concurrent with Sunday Celebration, most Sundays. Thursday "Llghtzone" for chlldren (ages 5 to 111, weekly on Thursday evenings, term time. Sunday "Mountaln Movers" for youth lages 11 to 181, concurrent with Sunday Celebration, twice a month. Thursday "Mountain Movers" for youth (ages 11 to 181, weekly on Thursday evenSngs, term tlme. Young Adults Group118-30s1. often. as advertised. Adult life Groups, most weeks, as advertised. Diamond Jubilee Club musical mornings for Senior Citizens from across the Borough, last Tuesday morning of most month5. Men's and ladies, events, ad hoc, as advertised.. Page 2
Bexley Chrlstian Life Centre Trustees, Report (continued) other Actlvltles Baptismal Services. BCLC believes and practices believers, baptism by immersion. "Alpha" Group weekly sessions. seasonally on demand BIG, Bexley Intercessory Prayer Grouptr Monday morninES. Monthly Prayer and Fasting days, usually first Friday of each month, with evening meetlng In church building. Community service in association with other organisatlons across the local area, such as in schools. visiting elderly in their homes, Street and School Pastors, Winter Night Shelter, Hot Food programme, relief of the poor. Community Youth work e.g. the Clocktower Project" Inter-church activities: The Church continues to link with other local churches, and local community events such as "Spark In the Park" and "Lark in the Park" services In Bexleyheath Town Centre at Christmas and at Easter. Overseas Mission activity, supporting mission and ministries in many countries round the world. Achlevement and Performance The Charity is committed to operating the above activities, and others, successfully through the year. Finan¢lal Revlew a. Golng concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity 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 detalls regardin£ the adoption of the going concern basis can be found in the accounting policies. b. Reserves policy The Church Council consider the reserve position on a regular b3sls to ensure surplus is available to maintain the ministry. As a guide we seek to malntaln a balance equivalent to around 4 months, cash flow, which equates to about £30,000. On 5 April 2024 this reserve stood at £30,369. c. Financial Review The statement of financial activities shows total incoming resources of £165,225 (2022-23 E155,5891 and total resources used of £136.845 12022-23, £141,794). This resulted in a net surplus for the year of £28,380 {2022-23, £13,795). Closing cash balance was £36,761 12022-23, £45,301). The Charity had taken out a mortgage of £190,000 in 2017, which at the close of the present year in Aprll 2024 stood at £60,135 lan approximate £130,000 reduction in 7 years). d. Prlnclple Fundlng Almost all of BCLC'S funding comes Irom the congregation and from the assoclated gift aid reclaimed on this giving. Structure, government and management a. Constltutlon Bexley Chrlstian Life Centre IBCLCI is a registered charity, number 1054363, and is constituted under a Trust deed. P3Ee 3
Bexley Christian Life Centre Trustees, Report Icontlnued) b. Methods of appolntment or eletllon of Trustees The management of the Charity is the responsibS1ity of the Trustees who are appointed under the terms of the Trust deed. c. Organlsatlonal structure and declslon-maklnE pollcles The Church Council operates under the Constitution and Trust Deed adopted 30 May 2006 (which replaced the earlier version o11997}. The Trustees have overall charge of the charity and are responsible for making sure it is doing what it was set up to do including the ongolng spiritual vision and strategv. The Church is managed by the Church Council (known as 'The Oversight") comprising the Pastors and dulv appointed Elders and Diaconate members of the Church. The Church Council appolnts Holding Trustees for the purpose of holding the land and buildings of the Church who act on the directions of the Church Council, and who will be responslble for proper account to the Charity Commission. The Church Councll who served durlng the year are those listed in a previous paEe of this report The Church Council meets frequently through the year to conduct the administrative business of BCLC. The Church Council Is responsible for the legal and financial guardianship of the Church and oversees the general financial dimension of the work of the Church by monitoring expenditure, budgeting and handling of finances. The Trustees have had regard to the guldance Ss5ued by the Commission on publlc benefit. The change by wldenlng the Church Council, or Senior Leadership team, to include other ministry leaders came into effect in perlod at the start of th15 reportlng year, so as to meet the ongoing challenges of a growing church. In May 2017 owing to the impending change of premises, it was necessary to appoint local Holding Trustees in place of the Assembly of God Property Trust, and the Counc51 appointed D.J. Be3rfoot, B.l.Ojo and A.E.Nicholls into this role, being satisfied that these persons met the criteria as loid down by the Charity Commission. BCLC is affiliated to the Assemblies of God in Great Britain, a company limited by guarantee INO 28734151, and a registered charity INO 10322451. Plans for future periods BCLC'S vision is.. Bringing the love and miraculous power of Jesus to a broken world" Safeguarding 8CLC has adopted and implemented a safe8uarding policy under the guidance of the guidance of Thirtyone.eight, (formerly known as the Churches Child Protection Advisory Service {CCPASII. We are pleased to report that there have been no issues arlslng to cause concern. Rlsk The Church Council keep under revlew the risks to whlch a small charity operating with few employees Is exposed. Appropri3te procedures are in place to review these risks on a regular basis and to review and set In place all necessary policies. Page 4
Bexley Christian Life Centre Trustees, Report (continued) Trustees and officers The trustees and off icers serving during the year and since the year end were as follows: Trustees.. D J Bearfoot P R Davis C Erswell Blojo O Onagoruwa A E Nicholls MBE Statement of Trustees, Responsibllities The trustees are responsible for preparing the trustees, report and the financlal statements In accordance with the United Klngdom Accounting Standards (United Klngdom Generally Accepted Accounting Practice) and appllcable law and regulations. The law applicable to charities requires the trustees to prepare financlal statements for each flnanclal year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparlng these financial statements, the trustees are required to.. select suitable accounting policles and then apply them consistently: observe the methods and principles in the Charities SORP,- make judgements and estlmates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any materlal departures disclosed and explained in the financlal statements; and prepare the financial statements on the golng concern basis unless It is Inappropriate to presume that the charSty will continue in business. The trL¢Stees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any tlme the financial positlon of the charity and enable them to ensure that the financlal statements complv with the Charities Act 2011, the Charities IAccounts and Reports) Regulationg 2008, and the provisioiis of the constitution. The trustees are also responslble for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responslble for the maintenance and integrity of the corporate and financial Informatlon included on the charitable company's website. Legislation governing the preparation and dissemination of financlal statements may differ from legislation in other jurisdictions. The annual report was approved by the trustees of the charity on . 1 , 1:?v!: and signed on Its behalf by.. AENI Trustee PaBe S
Bexley Christian Life Centre Independent Examlner's Report to the trustees of Bexley Chrlstian Life Centre I report to the charity trustees on my examination of the accounts of the charity for the year ended 5 April 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related notes. This report is made 501ely to the charity's trustees, as a body, in accordance with section 145 of the Charitie5 Act 2011. My work has been undertaken so that I might state to the charitws trustees those matters l am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibllity to anyone other than the charity and the charlty's trustees as a body. for my work, for this report, or for the oplnions I have formed. Responslbilities and basls of report As the charity trustees of 8exley Christian Life Centre you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examination of the Bexley Christian Life Centre's accounts carried out under section 145 of the 2011 Act and in carrying out my examlnation I have followed all the applicable Directions glven by the Charity Commission under section 145(5llbl of the Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor consider5 In givlng their opinion on the financial statements. The plannlng and conduct of an audlt goes beyond the limited assurance that an independent examination cèn provide. Consequently l express no oplnion as to whether the flnancial statements present a 'true and fair, view and my report is limited to those speciflc matters set out in the independent examiner's statement. Independent examlner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection wlth the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of Bexley Christian Life Centre as required by section 130 of the Act,. or 2. the financial statements do not accord wlth those record5: or 3. the financial statements do not comply with the accounting requirements concernlng the form and content of accounts set out in the Charitles (Accounts and Reports) Regulatlons 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 matter5 In connection with the examlnation to which attention should be drawn In this report In order to enable 3 proper understanding of the accounts to be reached. Page 6
Bexley Christian Life Centre Independent Examiner's Report to the trustees of Bexley Christlan Llfe Centre (continued) Tim Sullivan FCA ICAEW 9 Hare & Billet Road Blackheath London SE3 ORB Page 7
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Bexley Christian Life Centre (Registration number: 1054363) Balance Sheet as at 5 Aprll 2024 2024 2023 Note FIKed assets Tangible assets 12 929,814 929,655 Current assets Debtors 13 1,922 36,761 Cash at bank and In hand 14 45,301 38,683 45,301 Credltors: Amounts falllng due w5thSn one year Is 133,6131 13,8151 Net current assets 5,070 41,486 Total assets less current Ilabilltles 934,884 971,141 Creditors: Amounts falling due after more than one year 16 127,8421 192,4791 Net assets 907,042 878,662 Funds of the charity: Restrlcted Income funds Restricted funds 715,365 720,052 Unrestrlcted Income funds Unrestricted funds 191.677 158,610 Total funds 17 907,042 878,662 The financial statements on pages 8 to 17 were approved by the trustees, and authorised for issue on ..3...1..Lg.1.i. and signed on their behalf by: icholls MBE Trustee The notes on pages 10 to 17 form an integral part of these financial statements. Page 9
Bexley Christian Life Centre Notes to the Financial Statements for the Year Ended S Aprll 2024 I Charlty status The charSty Is domiclled England and Wales. The address of its registered office is- 17 Upland Road DA7 4NR 2 Accountlng policles Statement of compllance The financial statements have been prepared in accordance with Accountlng and Reporting by Charlties.. Statement of Recommended Practlce applicable to charitles preparing their accounts in accordance with the Flnanclal Reportlng Standard applScable in the UK and Republic of Ireland IFRS 1021 (effective l Janu3ry 2019) (Charitles SORP IFRS 1021 Second edition October 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. They also comply with the CompanSes Art 2006 and Charities Act 2011. Basls of preparatlon Bexley Christian Life Centre rneets the definition of 3 public benefit entity under FRS 102. The accounts Ifinancial statements) have been prepared under the historlcal cost convention wSth items recognised at cost or transaction value unless otherwise stated in the relevant notelsl to these accounts. Going concern The trustees consider that there are no material uncertainties about the charlty's abillty to contSnue as a going concern. Judgements and key sources of estimation uncertainty In the applicatlon of the charity's accounting policies, the trustees are required to make judEements, estimates and assumptions about the carrying amount of assets and liabilities that are not readlly apparent f rom other sources, The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recogn15ed in the perlods in whSch the estimate is revised where revisions affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods. Income and endowments Voluntary Income Includlng donatlons, glfts, legacles and grants that provlde core fundlng or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the intome will be received and the amount can be measured with sufficient reliabllity. Donatlons und legacles Donations and legacies are recognised on a receivable basis when receipt is probable and the amount tan be rellably measured. Page 10
Bexley Christian Life Centre Notes to the Financlal Statements for the Year Ended 5 April 2024 {contlnued) Investment income Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. Expenditure All expenditure 15 recognlsed once there is a legal or constructive obligation to that expendlture, it is probable settlement is required and the amount can be measured rellably. All costs are allocated to the applicable expenditure he3ding that aggregate similar costs to that category. Where costs cannot be direttly attributed to particular headings they have been allocated on a basis consistent wlth the use of resources, with Central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support Costs are allocated based on the spread of staff costs. Charltable activlties Charltable expendSture comprises those costs incurred by the charity in the delivery of its activities and services for its benefic13ries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support cost5 Support costs include central functions and have been allocated to actlvity cost categories on a basls consistent with the use of resources, for example, allocatinE property costs by floor areas, or per capita, staff costs by the tlme spent and other costs by their usage. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Flnance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt f rom taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxatlon of Chargeable Gains Act 1992, to the extent that such income or gains are applled exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing Enil or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Oepreciatlon and amortlsatlon Depreciation is provided on tanglble fixed assets so as to write off the cost or valuatlon, less any estimated resldual value, over thelr expected useful economic life as follows: Asset class Freehold propertv Freehold improvements Fixtures and fittings Depreclation method and Yate 20D% on reducing balance method Page 11
Bexley Christian Life Centre Notes to the Financlal Statements for the Year Ended 5 Aprll 2024 (contlnued) Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordSnary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effectlve interest method, less provision for impairment. A provlslon for the Impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term hlghly Ilquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Borrowlhgs Interest-bearing borrowings are Snltially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactlon costs, and the amount due on redemption being recognised as a charge to the Statement of Flnancial Actlvities over the perlod of the relevant borrowing. Interest expense is recognised on the basi5 of the effectlve Interest method and is included Sn interest payable and similar charges. Borrowings are classifled as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Fund structure Unrestricted income funds are general funds that are available for use at the trustees d15cretSon in furtherance of the objectives of the charity. Restricted Income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. 3 Income from donatlons and legacies Total 2024 Donations and legacies,. Donations from indlvidua15 5,103 25,335 129,104 Gift aid reclaimed Regular giving and capltal donation5 159,542 Page 12
Bexley Christian Life Centre Notes to the Flnancial Statements for the Year Ended 5 April 2024 {continued) 4 Income from charltable actlvltles Total 2024 Total 2023 Mlssion 4,656 Income from charitable activities other income 155,555 693 5,349 155,5S5 5 Investment Income Total 2024 Total 2023 Interest receivable and similar income; Interest receivable on bank deposits 334 34 6 ExpendSture on charStable actlvltles Total 2024 Total 2023 Note Outreach costs 4,880 4,616 22,875 1,800 415 5,952 6,915 19,472 1,600 361 Gifts and donations Mlssion glfts Ministry gifts 'The Rocf(' Youth Project Staff costs 71,245 31,014 80,024 27,470 Support costs 136,845 141,794 7 Trustees remuneratlon and expenses During the year the charity made the following transactions with trustees.. BIOJO B l Ojo received remuneration of £29,616 12023.. £7,404) and £1,359 12023.. £1,359) of expenses were relmbursed to B l OJO during the year. D J Bearfoot D J Bearfoot received remuneration of £Nil12023.' £23,127) durlng the year. Page 13
Bexley Christian Life Centre Notes to the Flnanclal Statements for the Year Ended 5 Aprll 2024 Icontlnued) 8 Analysis of governance and support costs Support costs Total 2024 Total 2023 Sundrles 2,158 3,976 8,918 1,405 5,982 1,320 488 2,095 3,936 5,808 2,657 5.748 1,020 120 DeprecSation Utilities & services Repairs and maSntenance Trade subscriptions Independent examiner Bank charge5 Loan interest 6,767 6,086 31,014 27,470 9 Staff costs The aggregate payroll costs were as follows.. 2024 2023 Staff costs durlng the year were: Wages and salaries Social security costs PensSon cost5 68,760 1,560 925 80,024 71,245 80,024 The monthly average number of persons Ilncluding Senior management / leadership team) employed by the charity during the year expressed as full tlme equivalents was as follows: 2024 No 2023 No Trustees Staff No employee received emoluments of more than £60,000 during the year 10 Related party transactlons There were no related party transactions in the year. P3ge 14
Bexley Chrlstlan Life Centre Notes to the Flnancial Statements for the Year Ended 5 April 2024 Icontlnued) 11 Taxation The charity 15 a registered charlty and Is therefore exempt from taxation. 12 Tanglble fixed assets Freehold property Freehold Improvements Flxtures and fittlngs Total Cost At 6 April 2023 Additlons 729,982 183,926 35,720 4,135 949,628 4,135 At S April 2024 729,982 183,926 39,855 953,763 Depreciation At 6 April 2023 Charge for the year 19,973 3,976 19,973 3,976 At 5 April 2024 23,949 23.949 Net book value At 5 April 2024 729,982 183,926 15,906 929,814 At 5 April 2023 729,982 183,926 15,747 929,655 13 Debtors 2024 Prepayments 1,922 14 Cash and cash equSvalents 2024 2023 Cash at bank 36,761 45,301 15 Credlt015: amount5 falllng due wlthln one year 2024 2023 Bank103ns 32,293 1,320 3,815 Actruals 33,613 3,815 Page 15
Bexley Christian Life Centre Notes to the Flnanclal Statements for the Year Ended 5 Aprll 20241contlnued) 16 Creditors: amounts fallSng due after one year 2024 2023 Bank loans 27.842 92,479 17 Funds Balance at 6 Aprll 2023 Incoming resources Resouytes expended Balance at S Aprll 2024 Unrestrl¢ted funds Unrestrlcted funds 158,610 141,081 1108,0141 191,677 Restricted funds Freehold property & Improvements Missions 716,457 3,595 {3,9761 124.8551 712,481 2,884 24,144 720,052 24.144 128,8311 715,365 Total funds 878.662 165,225 1136,845} 907,042 Balahce at 6 April 2022 Incomlng resources Resources expended Balance at 5 Aprll 2023 Unrestrlcted funds Unrestricted funds 140,879 155,589 1137,858} 158,610 Restrlcted funds Restricted fund 723.988 13,9361 720,052 Total fund5 864,867 155,589 1141,7941 878,662 The specific purposes for which the funds are to be applied are as follows: Mission fund used to cover mission trip5 and support of others working in missions. Freehold property and improvement- relate to major planned building projects on the relevant sites. Page 16
Bexley Christian Life Centre Notes to the Flnanclal Statements for the Year Ended 5 Aprll 2024 {continued) 18 Analysls of net asset5 between funds Unrestricted tunds General Total funds at 5 Aprll 2024 Restricted funds Tanglble fixed assets Current assets 217,333 35,799 133,6131 127,8421 712,481 2,884 929,814 38,683 133,6131 127,8421 Current liabilities Creditors over l year Total net assets 191,677 715,365 907,042 Unrestrlcted funds General Total funds èt 5 April 2023 Restrlcted funds TangSble f ixed assets Current assets 209,603 45.301 13,8151 192,4791 720,052 929,655 45,301 13,8151 192,4791 Current liabllltles Creditors over I year Total net assets 158,610 720,052 878,662 Page 17