Charity registration number: 1057641
Vision Church Bromley
Annual Report and Financial Statements
for the Year Ended 31 Decetnber 2023
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Vision Church Bromley
Contents (continued)
Tn]stees' Report
Ito2
Independent EXamine￿S Report
Statement of Financial Activities
Balance Sheet
Notcs to thc Financial Stst¢m¢nts
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Vision Church Bromley
Trustees, Report
The trustees present the annual report together wirh rhe financial statements of the charity for the year ended 31
December 2023.
Objective5 and activities
Objecls uims
The ovcrall objcctivc of thc Church is thc advanecmcnt of the chrI￿tIall Tcligion by thc proclamation and
furtherance of the gospel of God to the community and the general public.
Public benefit
The church LonduLtb a llUTnber of activities and serviLe5 which ale open to everyone including..
Bible leaching and church services for adults and children
Visits to members of our cominunitv and providing support and assistance with their needs.
Facilitaiing eommuiiiiy cohesion by working with our eommuiiity and reaching out to others
Supporling other charities
The trn%tee% confirm that they have complied with the requirements of section 17 of the Charitie8 Act 2011 to
have due regard to the public benefit guidance publi%hed by the Charity Commi8%ion for Englalld and Wale%.
Use of volunteers
Visilin Church Brornley has many volunteers that assisi the church in achieving its objectives.
Achievements a￿d performance
Keyfih&neialperforni&Mee indieutors
Unit
2023
10.808.00
100.304.00
2022
7,827.00
89.499.00
Nel Resulis
Funds
Finaneifil review
In the twelve moiiths under review, net results for the year weie £10,808- 12022.. £7,827) aiid canry fonvard
funds were £100,304: (2022.. £89,499}.
Pol¢¢y on reserves
The Trustees believes that unrestricted funds which have not been designated for a specifi¢ use should be
Inaintained so that in the event of a significant drop in fiindin& they will be able to continue the Charity's
activities.
Going concern
At the time of approving the accounts, the Trllstees have a reasonable expectation that the Charity ha5 adequate
resouires to continue in operational existence for the foreseeable fU￿re. Thus, the Trustees continue to adopt the
going concern basis of accounting in preparing the accounts.
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Vision Church Bromley
Trustees, Report (continued)
Reference and Administrative Details
Charity Registration Number-
1057641
Principal Office..
21 Palace View
Brumley
BRI 3EJ
Independent Examiner..
Tolu Obisesan
ANS Accounts Ltd
82A Jam¢s Cartcr Road
Mildenhall
Suffolk
IP28 4DE
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees..
Mr Tudor Vladut Ciolan
Mr Christopher Dias-Abeyesinghe
Mr Donald Stephen Mayhew
Structure. governance and management
Jvature ofgovernimg docMmeHt
Vision Church Bromley is a charitable trust and ig controlled by it5 goveming document, a model constitution
dated 25th July 1996.
ReLruitment und tsppvinthieni ofirustees
Trustees are elected by existing trusiees in a way that serves ihe Charity's best interests.
The amjual reporl was approved by the irusiees Of the charily on 14 OL'iober 2024 and signed on its behalf by..
Mr Donald Stephen Mayhew
Trustee
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Vision Church Bromley
Independent Examiner's Report to the trustees of Vision Church Bromley
I report to the trustees on my examination of the accounts Lif Vision Church Brlimley for the year ended 31
December 2023.
RespoThsibilitie5 and basis of report
As the charity trusteeq of Vision c.hurch Brornley you are responsible for the Preparation of the accounts in
accordance with the requirernents of the C.hariries Act 2011 ('the A¢t'l.
I report in respect of my examination of the Vision Church Bromley's accounts carried out under section 145 of
the 2011 A¢1 and in carrying out my examination I have followed all the applicable Directions given by the
Charity Lommission under section 145(5Mbl of the Act.
Independent examiner'5 Statement
I have completed my examiiiation. J Confirm tl)at no n)aterial matters have come to niy attention in connection
with the examination giving me cause io believe that in any material respect..
accounting rccords wcrc not kcpt in rcspcct of Vision Church Bromlcy a% rcquircd by scction 130 of thc
Act; or
2. tht dLcounts do not aLLord with thuse reLurds; OT
3. the accounis do not coinply with the accounting requirements Clincerning the form and content of accounts
sei out in the Charities (Accounis and Reports) Regulations 2008 other than any requirement that the
accounts give a 'true and fair view, Ivhich is not a maiter considered as part of an independent
cxamination.
I hiive no concetns and have corne across no vther Tnattets in cvnnection with the exLunination to which attentio
should be drawll in this report in order tu endble a proper understdndin¥ of the aLLVUtits to be reached.
Othuo4
Tolu Obisesan
Association of Accounting Technicians
ANS Account￿ Ltd
82A Jame% Carter Road
Mildetthall
Suffolk
IP28 4DE
14 Octobcr 2024
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Vision Church Bromley
Statement of Financial Activities for the Year Ended 31 December 2023
Unrestrictcd
funds
Total
2023
Iyote
Income and Endow'ments from:
Donation5 and le¥Fucies
Investment income
65,422
161
65,422
161
Total income
65,583
65.583
Expenditure on:
Charitablc a¢tivitics
154,775)
154,775)
Total ¢xpcnditur¢
154,7751
154,775)
Nct incomc
10,808
10,808
Nct movcmcnt in funds
10,808
10.808
Reeoneiliation of funds
Total fiinds brought forward
89,496
89,496
Total fimds carri¢d forward
1 (10,304
Unrestricted
fund5
100,304
Total
2022
Note
Ineome Endowments from:
Donations and legacies
Investment income
62,864
62.864
Totsl income
62,870
62,870
Expenditure on:
Charitable aciivities
155,0451
{55,0451
Total expenditure
155,0451
155,045)
Net inLorne
7,825
7,825
Nel movement in funds
7,825
7,825
Re¢on¢iliation of fund$
Total funds brought forward
83,147
Total funds carried forward
90,972
90,972
All of the charity's activities derive frorn continuing operatio]15 duriiigF the above two periods.
The funds breakdo￿￿ for 2022 is in note 15.
The iiote5 on pages 6 to 13 form an integral part of these financial statetnaits.
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Vision Church Bromley
(Registration number: 1057641)
Balance Sheet a5 at 31 December 2023
2023
2022
Iyote
Fixed assets
Taiigible assets
Investments
646
74,437
862
76,420
75,083
77,282
Current assets
Investments
Cash at bank and in hand
15,000
11,452
14,740
26,452
14,740
Total assets less current liabilities
101,535
92.022
Creditors: Amounts falling due after more than one year
13
{1,231)
(1,050)
Net assets
100,304
90,972
Fund5 of the ch&rity:
Unrestricted income fund$
Unrc%trictcd funds
1 (10,304
90,972
Total funds
15
100,304
90,972
The tInG￿LIa[ sl&iements pages 4 tt) 13 weTe appioved by the truslees, and authoiised foi issue on 14 OL￿ber
2U24 and signed on their behalf by..
t)￿
Mr Donald Stephen Mayhew
Trustee
The iiote5 on pages 6 to 13 form an integral part of these financial statetnaits.
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Vision Church Bromley
Iyotes to the Financial Statement5 for the Year Ended 31 December 2023
l Accounting policies
Statement of compliance
The financial statements have been prepai'ed in accoTdance with the second edition of the charitie￿ Statement of
Recommended Practice issued in Octobei 2019, the Financial Reporting Standard applicable in the United
Kingdom aiid Republic of Ireland IFRS 102) the Ch￿Ille5 Act 2011.
Basis of preparation
Vision Church Broinley Ineets the definition of a public benefit entiiy under FRS 102. The ac¢oui)Is {financial
stateinenisl have beei) prepared under the historical cost convention with iteins recognised at cost or transaction
value unless othenvise stated in the relevant notelsl to these accounts.
Going concern
The trustees ctsnsider that there are no material unLertainties about the charity's ability to continue as a going
concern.
Ineome and endtswments
Voluntary income including donations, gifts, legacies and grants thai provide Core funding or are of a general
nature is recognised when the ¢hariry h&s entitlement 10 rhe income, it is probable that the income will be
received and the amount can be measured with suffi¢ienr reliability.
Donulions and legacies
Donation5 legacies are Tecognised on a receivable basis when receipt 15 probable and the arnount can be
reliably ￿tas￿red.
Inveslmeni ineome
Dividcnds are recognised once the dividend has been de¢lared and notification has been received of the dividend
due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expendittire, it is probable
settlement is reqiiired and the atnount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs to that category. Where costs cat)not be directly attributed to
particular headings they have been allocated on a basis consistent with the use of resources, ￿'1th central staff
costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.
Other suppoil costs are allocated based on the spread of staff costs.
All resouTCeS expended are inclusive of ]￿eCOverable VAT.
Governance costs
These inclilde the costs attributable to the charity's coinpliance wqth ¢on5titutional and statutory requirements.
including audit, 5trate¥ic mana¥ement and tnjstees Tneeting5 and reimbursed expenses.
Irrecoverable VAT
1￿Cco￿¢rab]e VAT is charsFed against the category of resouices expended for which it was incuTTed.
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Vision Church Bromley
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
Taxation
The charity is considered ro pass the iegts set oui in Paragraph I Scliedule 6 of the Finance Act 2010 and
tl)erelore it meets the definition of a charitable company lor UK corporaiion tax purposes. Accordingly. the
cl)arity is potentially exempt Iroin taxation in respect of income or capital gains received withii) categories
covered by Chapier 3 Part I l of the c.orporation 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 PLtrposes.
TaThgible fixed a5Set5
Individual fixed assets costing L500.OU or more are initially recorded at cost, less any subsequent accumulaied
depreciation and subsequent accumulated impairment losses.
Depreei#tion #nd amortisation
Depreciation is proi'ided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful eeonorni¢ life as follows..
A55et clas5
orrice and music equipment
Long leasehold
Depreciation methud r#te
20/.
Current asset investments
Current asset invesiments are included at the lower of cost and net realisable value / Inarket value.
Cash and cash equivalent5
Cash and cash equivalents comprise cash on hand and call deposits, and oiher short-term highly liquid
invesiments thai are readily convertible to a knO￿n amount of cash and are subject to an insignificant risk of
change in value.
Fund structure
Unrestricted income funds are general funds that are available for use at ihe tr￿Stee$ dis¢retion in furtherance of
the objectives of the charity.
Restricted funds are subject to specific conditi0115 set by donors as to how the fund5 may be used.
Pensions and other post retirement obligations
The chaTity opei"ate5 a defined contributioii pen510ll Scheme which is a pension plan under which fixed
contribution5 ale paid iiito a pension fund and the cliarity ha5 no legal or con5tmctive oblisFation to pa}, furtlier
contributions even if the fvnd does t]ot hold sufficieiit assets to pay all eiiiployees the benefits ielatin¥ to
employee serviLe in the current and piior periods.
Contributions to defined contribution plans are reLognised in the Statement ot FitllnLial Activities whffli they are
due. If Lontribution pa)rynents exceed the contribution due lor serviLe, the exLess is TeLogniseJ ab a prepayment.
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Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
2 Income from donation5 and legacies
Unrestrlcted
funds
General
Total
funds
Donations and legaLies.'
Gift aid reclaimed
9,841
55,581
9,841
55,581
Regular giving and capitsl dO[￿tIonS
Total for 2023
65,422
65,422
Total for 2022
62,864
62,8fv1
3 Investment income
Unrestrieted
fuMds
General
Total
funds
Interest receivable and similar inconie-
Interest receivable on bank deposits
161
161
Total for 2023
Total for 2022
4 Expenditure on charitable Activiti¢s
Unrestrieted
funds
General
Total
funds
Tr4ote
GoN'ernance costs
54,775
54.775
Total for 2022
55,045
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Vision Church Bromley
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
Total
expenditure
S Analysis of governance and support Costs
GovernaDce costs
Unrestrlcted
funds
General
Total
funds
StatTcosts
Wugeb s&laiies
Pension costs
Audit fees
Other fees paid to auditors
Lcgal fccs
Depreciation, amortisation and other similar costs
Other governance costs
25,657
544
25,657
544
1,250
1,703
2,198
23,423
1.250
1,703
2,198
23,423
Total for 2023
54,775
54,775
Total for 2022
55,045
55.045
6 Net ineomingloutgoiThg resources
Net incoming resources for the year include..
2023
2022
Depreciation of fixed assets
2,198
2,198
7 Trustees remuneration And expenses
No trllstees, nor any persons connected with them, have received any remuneration from the charity during the
year.
8 Staff costs
The ￿g￿Tre¥sate payToII cost5 were a5 follow5.'
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Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
2023
2022
Staff eosts during the year were:
Wages and salarie5
Social security costs
Pcnsion co%t
25,657
18,014
2,192
1,227
544
26,201
21,433
The inontlily aveTage number of persons (including senior Mal￿ge1n£￿t I leadership teainl einployed by the
Lharity during the yeai expressed as full time equivalents Wd5 as followb..
2023
No
2022
No
Employees
1 (2022- 11 of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £54412022- £1,227).
No employee received emoluments of inoie thai) £60.000 during the year
Pa¥e 10
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Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
9 Taxation
The charity is a registered chariiy and is therefore exempt from iaxation.
10 Tangible fixed assets
Furniture and
equipment
Total
Cost
At l January 2023
20,826
20,826
At 31 Deeember 2023
20,826
20,826
Depreeiatlon
At l J[￿Uary 2023
ChargFe for the year
19,9fv1
216
19,964
216
At 31 December 2023
20,180
20,180
Net book value
At 31 Decembei 2023
646
646
At 31 December 2022
862
862
11 Current asset investments
2023
12 Cash and cash equivalents
2023
2022
Cash at bank
11,452
14,740
13 Creditors: amounts falling due after one year
2023
2022
Oth¢r Crcditors
A¢Lruals
1,150
1,050
1,231
1.050
14 Pension and other scheme5
Deflned contrlbutlon penslon scheme
The charity operates a defined contribution pension scherne. The pension c05t charge for the year represents
contributions payable by the charity to the scheme and amounted to £544 (2022- £1,227).
Pa¥ell
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Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
IS FllDds
Balanee at 31
December
2023
Balanee at I
January 2023
Jncoming
resources
Resourees
expended
Unrestrieted funds
General
89,496
65,583
154,7751
100,304
Balance at 31
December
2022
Bala￿ce at I
January 2022
Incoming
resources
Resources
expended
Unre5tri£ted funds
General
83,147
62,870
155,045)
16 Analysis of net a5set5 behveen fuThds
Unrestricted
funds
General
Total funds at
31 December
2023
TanbFible fixed assets
Fixed a&5et investments
Curreiit assets
646
74,437
26,452
{1:2311
646
74,437
26.452
(1,231)
Crcditors ovcr l ycar
Total nct asscts
100,304
Unrestricted
TotAI funds at
31 December
2022
General
Tangible fixed assets
Fixed asset investmei)ts
Current assets
Cieditors oveT l yeur
862
862
76,42(1
14,740
{1,0501
76,420
14,740
(1.0501
Total net assets
90,972
90,972
17 Analysis of nct funds
Pa¥e 12
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Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
At31
Defcmbcr
2023
At l January
2023
Cash at bank and in hand
14,740
14,740
Net debt
14,740
14,740
At31
December
2022
At l J4nuary
2U22
Net debt
18 Related party tr#ns#etions
Pa¥e 13
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Statement of Financial Activities by fuThd for the Year Ended 31 December 2023
Total
Total
Unrestricted Unrcstrlctcd
Funds
Funds
2023
2022
Income and Endow'ments from:
Donation5 and le¥￿cleS
Investment incorne
65.422
161
62,864
Total inconie
65,583
62.870
F.xpenditure on:
Charitable activities
{54,775)
{55,045)
Total expenditure
{54,775
155,045
Net incorne
10,808
7,825
Net moN'ement in fund.
10,808
7.825
Reconciliation of funds
Total funds brouglit fonvard
89,496
83,147
Total funds carried fomrd
100,304
90,972
This pa¥e does not form part of the Statutory financial statements.
Pa¥e 14
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Detailed Statement of Financial Activities for the Year Ended 31 December 2023
Total
2023
Total
2022
Income and Endow'ments from:
Donation5 and le¥Fucieb (￿nalySed below)
Investment income (analysed below,)
65,422
161
62,864
Total income
65,583
62.870
Expenditure on:
Charitablc a¢tivitics (analys¢d bclowl
154,775)
155,045)
Total ¢xpcnditur¢
154,775)
155,045)
Nct incomc
10,808
7,825
Nct movcmcnt in funds
10,808
7,825
Reeoneiliation of funds
Total fiinds brought forward
89,496
83,147
Total fimds carri¢d forward
100,304
90,972
This pa¥e does not form part of the Statutory financial statements.
Pa¥e 15
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