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← Bexley Christian Life Centre

2025-04-05-accounts

Charity registration number: 1054363

Bexley Christian Life Centre

Annual Report and Financial Statements for the Year Ended 5 April 2025

Field Sullivan Limited 9 Hare & Billet Road Blackheath London SE3 ORB

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Bexley Christian Life Centre

Contents

Reference andAdministrative Details 1to2
Trustees’ Report 3to6
Independent Examiner's Report 7to8
Statement of Financial Activities 9
Balance Sheet 10
NotestotheFinancialStatements lito19

Bexley Christian Life Centre

Reference and Administrative Details

Trustees D J Bearfoot
PR Davis
C Erswell
BI Ojo
AE
NichollsMBE
O Onagoruwa
Pastor M T McCann
Associate Pastor BI Ojo
Youth Pastor D Hancock (From June 2024)
Elder AE
Nicholls MBE
Diaconate (Senior Leadership Team) TAdegboye
AAnsong
CA
Bearfoot
F M Davis
PR Davis
C. Erswell
O Folkes
A McCann
O Onagoruwa
C.Walford
Charity Registration Number 1054363
Principal Office 17 Upland Road
Bexleyheath
Kent
DA7 4NR
Independent Examiner Field Sullivan Limited
9 Hare & Billet Road
Blackheath
London
SE3ORB

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Bexley Christian Life Centre

Reference and Administrative Details (continued)

Bankers

Kingdom Bank Media House Padge Road Beeston Nottinghamshire NG9 2RS National Westminster Bank 1 Townley Road Bexleyheath Kent DAG 7JG

Page 2

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Bexley Christian Life Centre

Trustees’ Report

The trustees present the annual report together with the financial statements of the charity for the year ended 5 April 2025.

Objectives and activities

BCLC’s vision is: Bringing the love and miraculous power ofJesus to a broken world.

a. Policies and Objectives

The objects of the Church are:

b. Review of Activities

The premises is fully utilised throughout the year, for the services and activities of a fully-functioning church. Post-Covid, streaming of the main services continues on-line, and the technology provides links with people not only locally but across the world.

Regular Activities throughout the year

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Page 3

Bexley Christian Life Centre

Trustees' Report (continued)

Other Activities

Achievement and Performance

The Charity is committed to operating the above activities, and others, successfully through the year.

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Financial Review

a. Going 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 details regarding 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 basis to ensure surplus is available to maintain the ministry. As a guide we seek to maintain a balance equivalent to around 4 months’ cash flow, which equates to about £30,000. On Sth April 2025 this reserve stood at £30,737.

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c. Financial Review

The statement of financial activities shows total incoming resources of £189,916 (2023-24 £165,225) and total resources used of £135,040 (2023-24, £136,845). This resulted in a net gain for the year of £54,876, (2023-24, 28,380). Closing cash balance was £47,657 (2023-24, £36,760). The Charity had taken out a mortgage of £190,000 in 2017, which at the close of the present year in April 2025 stood at £14,608 (an approximate £176,000 reduction in 8 years).

d, Principle Funding

Almost all of BCLC’s funding comes from the congregation and from the associated gift aid reclaimed on this giving.

Page 4

Bexley Christian Life Centre

Trustees' Report (continued)

Structure, government and management

a. Constitution

Bexley Christian Life Centre (BCLC) is a registered charity, number 1054363, and is constituted under a Trust deed.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are appointed under the terms of the Trust deed.

c. Organisational structure and decision-making policies

The Church Council operates under the Constitution and Trust Deed adopted 30 May 2006 (which replaced the earlier version of 1997). 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 ongoing spiritual vision and strategy.

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The Church is managed by the Church Council (known as “The Oversight”) comprising the Pastors and duly appointed Elders and Diaconate members of the Church. The Church Council appoints 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 responsible for proper account to the Charity Commission.

The Church Council who served during the year are those listed in a previous page 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 guidance issued by the Commission on public benefit. The change by widening the Church Council, or Senior Leadership team, to include other ministry leaders came into effect in a period at the start of this reporting 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 Council appointed D.J. Bearfoot, B.|.Ojo and A.E.Nicholls into this role, being satisfied that these persons met the criteria as laid down by the Charity Commission.

BCLC is affiliated to the Assemblies of God in Great Britain, a company limited by guarantee (No 2873415), and a registered charity (No 1032245).

Plans for future periods

BCLC’s vision is: “Bringing the Jove and miraculous power of[Jesus][to][a][broken][world”.]

Safeguarding

BCLC has adopted and implemented a safeguarding policy under the guidance of Thirtyone:eight. We are pleased to report that there have been no issues arising to cause concern.

Risk

The Church Council keep under review the risks to which a small charity operating with few employees is exposed. Appropriate procedures are in place to review these risks on a regular basis and to review and set in place all necessary policies.

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Bexley Christian Life Centre

Trustees’ Report (continued)

Statement of Trustees’ Responsibilities

The trustees are responsible for preparing the trustees’ report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable Jaw and regulations.

The law applicable to charities requires the trustees to prepare financial statements for each financial 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 preparing these financial statements, the trustees are required to:

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The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible 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 responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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The annual report was approved by the trustees of the charity. on ...4¢..114..4.2.qe AA 1 and signed. on .its behalf by:

AEGeNicholls MBE

Holding Trustee and Hon Administrator

Page 6

Bexley Christian Life Centre

Independent Examiner's Report to the trustees of Bexley Christian Life Centre

i report to the charity trustees on my examination of the accounts of the charity for the year ended 5 April 2025 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.

This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that | might state to the charity's trustees those matters | am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions | have formed.

Responsibilities and basis of report

As the charity trustees of Bexley Christian Life Centre you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). .

| 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 examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) 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 considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently | express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner's statement.

Independent examiner's statement

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

  1. accounting records were not kept in respect of Bexley Christian Life Centre as required by section 130 of the Act; or

  2. 2, the financial statements do not accord with those records; or

  3. the financial statements do nat comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

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Bexley Christian Life Centre

Independent Examiner's Report to the trustees of Bexley Christian Life Centre (continued)

Tim Sullivan FCA ICAEW

9 Hare & Billet Road Blackheath London SE3 ORB

Date... AB LAK

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Bexley Christian Life Centre

(Registration number: 1054363) Balance Sheet as at 5 April 2025

2025 2024
Noie £ £
Fixed assets
Tangible assets 41 928,372 929,814
Current assets
Debtors 12 1,858 1,922
Cash at bank and in hand 13 47,658 36,761
49,516 38,683
Creditors: Amounts falling due within one year 14 (15,970) (33,613)
Net current assets 33,546 5,070
Total assets less current liabilities 961,918 934,884
Creditors: Amounts falling due after morethanoneyear 45 - (27,842)
Net assets 961,918 907,042
Funds ofthe charity:
Restricted income funds
Restricted funds 710,971 715,365
Unrestricted income funds
Unrestricted funds 290,947 91,677
Totalfunds 16 961,918 907,042

The financial statements on pages 9 to 19 were approved by the trustees, and authorised for issue on an fas [eax and signed on their behalf by:

AE Nicholls MBE

Holding Trustee and Hon Administrator

The notes on pages 11 to 19 form an integral part of these financial statements. Page 10

Bexley Christian Life Centre

Notes to the Financial Statements for the Year Ended 5 April 2025

1 Charity status

The charity is domiciled in England and Wales.

The address of its registered office is: 17 Upland Road DA7 4NR

2 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102) - Second edition October 2019), the Financial Reporting Standard applicable in the UK and Republic of lreland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011. Basis of preparation Bexley Christian Life Centre meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts,

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Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

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Judgements and key sources of estimation uncertainty

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from 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 recognised in the periods in which 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.

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Income and endowments

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Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

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Bexley Christian Life Centre

Notes to the Financial Statements for the Year Ended 5 April 2025 (continued)

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Investment income

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with 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.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

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Support costs

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Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from 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 Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes,

Tangible fixed assets

Individual fixed assets costing fnil or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

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Bexley Christian Life Centre

Notes to the Financial Statements for the Year Ended 5 April 2025 (continued)

Asset class Depreciation method and rate
Freehald property Nil
Freehold improvements Nil
Fixturesandfittings 20%onreducingbalancemethod

Freehold property are ordinarily depreciated over their estimated useful lives. However, the trustees have determined that the annual depreciation charge for the building element of the property is immaterial to the financial statements due to the high residual value relative to the carrying amount of the asset and the very long estimated useful life. As such, no depreciation has been recognised in the statement of finical activities.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision 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 equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially 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 transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified 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 discretion 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.

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Bexley Christian Life Centre

Notes to the Financial Statements for the Year Ended 5 April 2025 (continued)

3 Income from donations and legacies

3 Income fromfrom donations andand legacies
Total Total
2025 2024
£ £
Donations and legacies;
Donationsfrom individuals 13,350 5,103
Gift aid reclaimed 27,976 25,335
Regular giving and capital donations 144,057 129,104
185,383 159,542
4 Income from charitable activities
Total Total
2025 2024
£ E
Mission 3,496 4,656
Other income 670 693
4,166 5,349
5 Investment income
Total Total
2025 2024
£ £
Interest receivable and similar income;
Interestreceivableonbankdeposits 367 334

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Bexley Christian Life Centre

Notes to the Financial Statements for the Year Ended 5 April 2025 (continued)

6 Expenditure on charitable activities

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Expenditure on charitable activities
Total Total
2025 2024
Note £ £
Outreach costs 6,384 4,880
Gifts and donations 1,551 4,616
Mission gifts 22,947 22,875
Ministry gifts 1,200 1,800
Youth work 2,723 415
Staff costs 8 70,205 71,245
Support costs 7 30,030 31,014
135,040 136,845

7 Analysis of governance and support costs

Support costs

Support costscosts
Total Total
2025 2024
£ £
Sundries 835 2,158
Depreciation 3,616 3,976
Utilities & services 12,827 8,918
Repairs and maintenance - 1,405
Trade subscriptions 6,781 5,982
Independent examiner 1,362 1,320
Bank charges 406 488
Loan interest 4,203 6,767
30,030 31,014

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Bexley Christian Life Centre

Notes to the Financial Statements for the Year Ended 5 April 2025 (continued)

8 Staff costs

The aggregate payroll costs were as follows:

The aggregate payroll costs were as follows:
2025 2024
£ £
Staff costs duringthe year were:
Wages and salaries 67,488 68,760
Social security costs 1,803 1,560
Pension costs 914 925
70,205 71,245

The monthly average number of persons {including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

2025 2024
No No
Trustees 1 1
Staff es 2
2 3

No employee received emoluments of more than £60,000 during the year

9 Trustees remuneration and expenses

During the year the charity made the following transactions with trustees:

B! Ojo

B | Ojo received remuneration of £30,792 (2024: £29,616) and £179 (2024: £1,359) of expenses were reimbursed to B | Ojo during the year.

10 Taxation

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The charity is a registered charity and is therefore exempt from taxation.

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Bexley Christian Life Centre

Notes to the Financial Statements for the Year Ended 5 April 2025 (continued)

11 Tangible fixed assets

11 Tangible fixed assets
Freehold Freehold Fixtures and
property Improvements fittings Total
£ £ £ £
Cost
At 6 April 2024 729,982 183,926 39,855 953,763
Additions - - 2,174 2,174
At 5 April 2025 729,982 183,926 42,029 955,937
Depreciation
At 6 Apri} 2024 - - 23,949 23,949
Charge for the year - - 3,616 3,616
At 5 April 2025 - - 27,565 27,565
Net bookvalue
At 5 April 2025 729,982 183,926 14,464 928,372
At 5 April 2024 729,982 183,926 15,906 929,814
12 Debtors
2025 2024
£ £
Prepayments 1,858 1,922
13 Cash and cash equivalents
2025 2024
£ £
Cash at bank 47,658 36,761
14 Creditors: amounts falling due within oneyear
2025 2024
£ £
Bank loans 14,608 32,293
Accruals 1,362 1,320
15,970 33,613

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Bexley Christian Life Centre

Notes to the Financial Statements for the Year Ended 5 April 2025 (continued)

15 Creditors: amounts falling due after one year

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||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Bank|loans|-|27,842| |16|Funds| |Balance|at|6|Incoming|Resources|Balance|at|5| |April|2024|resources|expended|April|2025| |£|£|£|£| |Unrestricted|funds| |Unrestricted|funds|191,677|167,747|(108,477)|250,947| |Restricted|funds| |Freehold|property &|Improvements|712,484|-|(3,616)|708,865| |Missions|2,884|22,169|(22,947)|2,106| |715,365|22,169|(26,563)|710,971| |Total funds|907,042|189,916|(135,040)|961,918| |Balance|at|6|Incoming|Resources|Balance|at|5| |April|2023|resources|expended|April|2024| |£|£|£|£| |Unrestricted|funds| |Unrestricted|funds|158,610|141,081|(108,014)|191,677| |Restricted|funds| |Freehold|property &|Improvements|716,457|-|(3,976)|712,481| |Missions|3,595|24,144|(24,855)|2,884| |Restricted|funds|720,052|24,144|(28,831)|715,365| |Total funds|878,662|165,225|(136,845)|907,042|

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Bexley Christian Life Centre

Notes to the Financial Statements for the Year Ended 5 April 2025 (continued)

The specific purposes for which the funds are to be applied are as follows:

Mission fund - used to cover mission trips and support of others working in missions.

Freehold property and improvement- relate to major planned building projects on the relevant sites,

17 Analysis of net assets between funds

Unrestricted Totalfunds at5
funds Restricted April
General funds 2025
£ £ £
Tangible fixed assets 219,507 708,865 928,372
Current assets 47,410 2,106 49,516
Current liabilities (15,970) - (15,970)
Total net assets 250,947 710,971 961,918
Unrestricted Totalfunds at 5
funds Restricted April
General funds 2024
£ £ £
Tangible fixed assets 217,333 712,481 929,814
Current assets 35,799 2,884 38,683
Current liabilities (33,613) - (33,613)
Creditors over 1year (27,842) - (27,842)
Totalnetassets 191,677 715,365 907,042

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