**REGISTERED CHARITY NUMBER: 1057641** ## **VISION CHURCH BROMLEY** **Trustees' Report and** **Unaudited Financial Statements for the Year Ended 31 December 2024** Document ID: 543da782-af58-4108-937a-5429affb8729 **VISION CHURCH BROMLEY** **Contents of the Financial Statements for the Year Ended 31 December 2024** ||**Page**| |---|---| |**Trustees' Report**|1 to 2| |**Independent Examiner's Report**|3| |**Statement of Financial Activities**|4| |**Balance Sheet**|5| |**Notes to the Financial Statements**|6 to 10| |**Detailed Statement of Financial Activities**|11 to 12| Document ID: 543da782-af58-4108-937a-5429affb8729 **VISION CHURCH BROMLEY** **Trustees' Report for the Year Ended 31 December 2024** The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of 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). ## **Objectives and activities** ## **Objectives and aims** The overall objective of the Church is the advancement of the Christian religion by the proclamation and furtherance of the gospel of God to the community and the general public. The church conducts a number of activities and services which are open to everyone including: - Bible teaching and church services for adults and children - Visits to members of our community and providing support and assistance with their needs. - Facilitating community cohesion by working with our community and reaching out to others - Supporting other charities ## **Public benefit** The trustees confirm that they have complied with the Charity Commission's guidance on public benefit. ## **Volunteers** Vision Church Bromley has many volunteers that assist the church in achieving its objectives. ## **Financial review** ## **Financial position** In the twelve months under review, net results for the year were £2,386; (2023: £10,808) and carry forward funds were £98,515; (2023: £100,304). ## **Reserves policy** The Trustees believes that unrestricted funds which have not been designated for a specific use should be maintained so that in the event of a significant drop in funding, they will be able to continue the Charity's activities. ## **Going concern** At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the accounts. ## **Structure, governance and management** ## **Governing document** Vision Church Bromley is a charitable trust and is controlled by its governing document, a model constitution dated 25th July 1996. ## **Recruitment and appointment of new trustees** Trustees are elected by existing trustees in a way that serves the Charity's best interests. ## **Reference and administrative details Registered Charity number** 1057641 1 Document ID: 543da782-af58-4108-937a-5429affb8729 ## **VISION CHURCH BROMLEY** ## **Trustees' Report for the Year Ended 31 December 2024** **Principal address** Holmcroft Way Bromley BR2 8AD ## **Trustees** Donald Mayhew Christopher Dias-Abeyesinghe Tudor Vladut Ciolan ## **Independent Examiner** Tolu Obisesan (MAAT) ANS Accounts Ltd 82A James Carter Road Mildenhall Suffolk Essex IP28 7DE Approved by order of the board of trustees on 21 October 2025 and signed on its behalf by: Donald Mayhew - Trustee 2 Document ID: 543da782-af58-4108-937a-5429affb8729 **Independent Examiner's Report to the Trustees of VISION CHURCH BROMLEY** ## **Independent examiner's report to the trustees of VISION CHURCH BROMLEY** I report to the charity trustees on my examination of the accounts of VISION CHURCH BROMLEY (the Trust) for the year ended 31 December 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I 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 the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable 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. I 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. Tolu Obisesan (MAAT) The Association of Accounting Technicians ANS Accounts Ltd 82A James Carter Road Mildenhall Suffolk IP28 7DE 21 October 2025 3 Document ID: 543da782-af58-4108-937a-5429affb8729 ## **VISION CHURCH BROMLEY** ## **Statement of Financial Activities for the Year Ended 31 December 2024** **----- Start of picture text -----**
2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
Income and endowments from
-
Donations and legacies 59,064 59,064 65,423
Investment income 2 512 - 512 161
Other income 4,475 - 4,475 -
Total 64,051 - 64,051 65,584
Expenditure on
Charitable activities
Activities in furtherance of the charity's
-
objectives 61,665 61,665 54,554
NET INCOME 2,386 - 2,386 11,030
Reconciliation of funds
-
Total funds brought forward 96,129 96,129 85,099
Total funds carried forward 98,515 - 98,515 96,129
**----- End of picture text -----**
The notes form part of these financial statements 4 Document ID: 543da782-af58-4108-937a-5429affb8729 ## **VISION CHURCH BROMLEY** ## **Balance Sheet 31 December 2024** |Notes
**Fixed assets**
Tangible assets
6
**Current assets**
Cash at bank
**Creditors**
Amounts falling due within one year
7|Unrestricted
Restricted
fund
fund
£
£
68,888
-
31,208
-
(1,581)
-|Unrestricted
Restricted
fund
fund
£
£
68,888
-
31,208
-
(1,581)
-|2024
2023
Total
Total
funds
funds
£
£
68,888
70,686
31,208
26,674
(1,581)
(1,231)| |---|---|---|---| |**Net current assets**|29,627|-|29,627
25,443| |**Total assets less current liabilities**|98,515|-|98,515
96,129| |**NET ASSETS**|98,515|-|98,515
96,129| |**Funds**
8
Unrestricted funds|||98,515
96,129| |**Total funds**|||98,515
96,129| The financial statements were approved by the Board of Trustees and authorised for issue on 21 October 2025 and were signed on its behalf by: Donald Mayhew - Trustee The notes form part of these financial statements 5 Document ID: 543da782-af58-4108-937a-5429affb8729 **VISION CHURCH BROMLEY** **Notes to the Financial Statements for the Year Ended 31 December 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Charitable activities** Charitable activities are those costs relating to activities carried out to meet the objectives of the charity and include directly attributed costs as well as support costs. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 6 Document ID: 543da782-af58-4108-937a-5429affb8729 ## **VISION CHURCH BROMLEY** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024** ## **1. ACCOUNTING POLICIES - continued** ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **2. INVESTMENT INCOME** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |2024|2023| |Unrestricted|Restricted|Total|Total| |funds|funds|funds|funds| |£|£|£|£| |Bank interest|512|-|512|161| **----- End of picture text -----**
## **3. TRUSTEES' REMUNERATION AND BENEFITS** During the year, one Trustee received £25,000 in respect of his employment as the resident Pastor (2023 - £25,000). These services were provided separately from their role as a Trustee. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. ## **4. STAFF COSTS** **----- Start of picture text -----**
|||| |---|---|---| |2024|2023| |£|£| |Wages and salaries|26,242|26,201| |26,242|26,201| |The average monthly number of employees during the year was as follows:| |2024|2023| |Employee|3|2| **----- End of picture text -----**
No employees received emoluments in excess of £60,000. 7 Document ID: 543da782-af58-4108-937a-5429affb8729 ## **VISION CHURCH BROMLEY** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024** **----- Start of picture text -----**
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£ £ £
Income and endowments from
-
Donations and legacies 65,423 65,423
Investment income 161 - 161
Total 65,584 - 65,584
Expenditure on
Charitable activities
Activities in furtherance of the
-
charity's objectives 54,554 54,554
NET INCOME 11,030 - 11,030
Reconciliation of funds
-
Total funds brought forward 85,099 85,099
Total funds carried forward 96,129 - 96,129
6. TANGIBLE FIXED ASSETS
Long Computer
leasehold equipment Totals
£ £ £
Cost
At 1 January 2024 99,141 20,826 119,967
Additions - 500 500
At 31 December 2024 99,141 21,326 120,467
Depreciation
At 1 January 2024 28,670 20,611 49,281
Charge for year 1,983 315 2,298
At 31 December 2024 30,653 20,926 51,579
Net book value
At 31 December 2024 68,488 400 68,888
At 31 December 2023 70,471 215 70,686
**----- End of picture text -----**
8 Document ID: 543da782-af58-4108-937a-5429affb8729 ## **VISION CHURCH BROMLEY** ## **Notes to the Financial Statements - continued for the Year Ended 31 December 2024** **----- Start of picture text -----**
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Taxation and social security 81 82
Other creditors 1,500 1,149
1,581 1,231
8. MOVEMENT IN FUNDS
Net
movement At
At 1/1/24 in funds 31/12/24
£ £ £
Unrestricted funds
General fund 96,129 2,386 98,515
TOTAL FUNDS 96,129 2,386 98,515
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 64,051 (61,665) 2,386
TOTAL FUNDS 64,051 (61,665) 2,386
Comparatives for movement in funds
Net
movement At
At 1/1/23 in funds 31/12/23
£ £ £
Unrestricted funds
General fund 85,099 11,030 96,129
TOTAL FUNDS 85,099 11,030 96,129
**----- End of picture text -----**
9 Document ID: 543da782-af58-4108-937a-5429affb8729 **Notes to the Financial Statements - continued for the Year Ended 31 December 2024** ## **VISION CHURCH BROMLEY** ## **8. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund|Incoming
Resources
resources
expended
£
£
65,584
(54,554)|Movement
in funds
£
11,030| |---|---|---| |**TOTAL FUNDS**|65,584
(54,554)|11,030| ## **9. RELATED PARTY DISCLOSURES** In the year to 31 December 2024, trustees donated £2,700 (2023: £1,880) to the charity. There were no other related parties transactions. 10 Document ID: 543da782-af58-4108-937a-5429affb8729