## **BRIDGE CHURCH HAYLING ISLAND** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2025** ## **CHARITY REGISTRATION No: 1085253** Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester, West Sussex PO20 7EG ## **BRIDGE CHURCH HAYLING ISLAND** ## **CONTENTS** Page 3 Legal and Administrative Information Page 4-5 Trustees Report Pages 6 Independent Examiners Report to the Trustees Page 7 Statement of Financial Activities Page 8 Balance Sheet Pages 9 to 16 Notes to the Financial Statements 2 ## **BRIDGE CHURCH HAYLING ISLAND** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY NUMBER** 1085253 **START OF FINANCIAL YEAR** 1 April 2024 **END OF FINANCIAL YEAR** 31 March 2025 **CHURCH LEADER** Mrs Mary Dennison **TRUSTEES AT 31 MARCH 2025** Mr Paul Dennison Mrs Sandra Harmer Mr Barry King Mr Keith Peake The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument. ## **GOVERNING INSTRUMENT** Declaration of Trust dated 18th December 2000 ## **OBJECTS** - a) To advance the Christian faith in accordance with the statement of beliefs in Hayling Island and the United Kingdom and in such other parts of the World as the Trustees may from time to time think fit and other such purposes which are exclusively charitable according to the Law of England and Wales and are connected with the chartable work of Bridge Church, Hayling Island. - b) To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby, in Hayling Island and the United Kingdom or in other parts of the World as the Trustees may from time to time think fit. - c) The advancement of Christian education in Hayling Island and the United Kingdom or in such other parts of the World as the Trustees may from time to time think fit. ## **ADDRESS** 67 Beach Road Hayling Island Hampshire PO11 0JD ## **PRIMARY BANKERS** Barclays Bank 54 Lombard Street London EC3P 3AH ## **INDEPENDENT EXAMINER** Z Derbak Independent Examiners Limited The Grain Store Hills Barns Appledram Lane South Chichester, West Sussex PO20 7EG 3 ## **BRIDGE CHURCH HAYLING ISLAND** ## **TRUSTEES REPORT** ## **FOR THE YEAR ENDED 31 MARCH 2025** The principal activities of the church continue to be: • To advance the Christian faith in this country and overseas; by following and proclaiming the principles and truths of the Bible; by arranging public and other meetings for worship, praise, evangelism, teaching, study and encouragement and prayer; by supporting other churches on Hayling Island and in South East Hampshire, and nationally where appropriate, sharing these objectives. The Bridge Church meets each Sunday for worship and teaching. We meet weekly in 'Home Groups' for teaching and prayer. As part of our outreach, we hold frequent breakfast meetings and social events. • To relieve persons in need and hardship both in this country and overseas. The church has supported initiatives on Haylin Island and runs The Bridge Advice Centre for all areas of advice, but specialising in debt, benefits, and form filling. We also provide a Food Bank & Crisis Fund and drop-in centre. • To advance Christian education by providing assistance at schools and colleges on Hayling Island and surrounding areas South East Hampshire. ## Trustees and other Church Officers Trustees Mr Paul Dennison - Chair of Trustees Mrs Sandra Harmer Mr Barry King - Treasurer Mr Keith Peake Church Leader Mrs Mary Dennison ## **Review of Annual Activities** We continue with community outreach programmes, as appropriate, to support Hayling Island and other areas in close proximity to the Island. Within our activities we incorporate the Monday Club, a parent/carer and toddler group, The Foodbank, and The Bridge Advice Centre, which provides debt and benefits advice. The work of the Bridge Advice Centre is affiliated to Frontline Debt Advice (UK), Charity No 1134908. The Bridge Cafe offers refreshments in a friendly atmosphere where members of the public can meet with various representatives of community groups. All our activities are undertaken within the national guidelines in place at that time. We support other churches on the island on an informal basis. Our Church Leaders continue to liaise with several churches, both locally and further afield, and also the local schools. We are committed to continue to provide direct support to India for Orphans in the hostel at Rajivnagar. However, due to the political situation in India we have not been able to transfer any funds during the last financial year - These remain in a designated fund. We continue to operate the Food Bank and Crisis Fund with the support of local churches, and individual donations. We manage this working with the other churches, local agencies and government organisations, and liaising with The Bridge Advice Centre. The objective is to give 'a hand up' and not just provide 'a handout'. We also assist with some homeless situations and the needs of people trying to return to work. We have provided some financial help, by supporting costs of gas/electricity, and transportation, where considered appropriate. ## **Contribution made by volunteers** All our activities are operating with the help of volunteers and are as listed below:- - ●Our Café/Drop-In Centre operates with 8 volunteers during the week. - ●Our Toddler group operates with up to 6 volunteers. - ●Our Seniors computer course operates with 1 volunteers. - ●Our Debt Advice team has 4 volunteers. - ●(We have a volunteer manager who oversees the Bridge Advice team activities). 4 BRIDGE CHURCH HAYLING ISLAND TRusfEES REPORT (alntinued) FOR THE YEAR ENDED 31 14ARCH 2025 sition at 202 Membership of The Bridge Church remain generally stable. The income from tithing and other donations generally is su)Ticient to cover expenditure. We are fortunate that the leader is flexible on salary. and has always maintained that the security of the Bridge Church 15 paramount. On this basis we remain in a good finanaal position. The unrestricted fund balance at financial year end vlas £303,958, whith was £10,691 higher than the previous year. This is primarily due maintaing the similar Ivrfel of income and expenditure than last year. Expenditu￿ did increase but was offset by the increase in income. Reserves We continue to remain in a good position maintaining a good level of reserves as in previous years. The Crisis Fund and Food Bank fund and The Bridge Advi￿ Centre have adequate finances to support the attivities in excess of a full year. The policy is always to have suffiaent reserves to cover expenditure, exduding the Bridge Church Leaders salary for a period of 2-3 months. Truste The Charities Act 2011 and Charity (Reports and Accounts) Regulations require the trustees to prepare financial statements for each financial year which give a true and tdir view of the state of affairs of the tharity and of the su￿U5 of the charity for that period. In preparing those financial statements the trustees are required to- • Select suitable accounting poliae5 and apply them COns￿tentIY . Make judgements and estimates that are reasonable and prudent • Prepare financial statements on the going Con￿rn basis unless it is inappropriate to presume that the charity will continue in existence. The trustees a￿ responsible for keeping proper accounting records, which disdose with reasonable accuracy at any tlme the financial position of the charity. They a￿ also responsible for safeguarding the assets of the charity and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregulaities. The Trustees met fom)ally two times during the 2024-2025 Financial Year. The trustees continued to hold numerou5 infonnal meetings, not all documented, to address appropriate day-to-day issues. The trustees consider The Bridge Churth is in a sound position as we go forward into 2025/26. Signed on behalf of the trustees by Barry King Signature: Dated: 9.12.2D25 ## **INDEPENDENT EXAMINERS REPORT TO THE** ## **TRUSTEES OF THE BRIDGE CHURCH HAYLING ISLAND** Report to the members of The Bridge Church Hayling Island on the accounts for the year ended 31st March 2025 set out on pages 7 to 16. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. ## **Basis of independent examiner's statement** My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the organisation and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In the course of my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that: - proper accounting records are kept (in accordance with section 130 of the Charities Act); and - accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Zita Derbak MAAT AATQB Independent Examiners Ltd The Grain Store Sign: Hills Barns Appledram Lane South Chichester, West Sussex Dated: 20.12.2025 PO20 7EG 6 ## **BRIDGE CHURCH HAYLING ISLAND** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** |**INCOME AND ENDOWMENTS**
Notes
**FROM:**
Donations and Legacies
2a, 8
Investments
2b
Charitable Activities
2c
**TOTAL INCOME**
**EXPENDITURE ON:**
Charitable Activities
3a
**TOTAL**
NET INCOME/(EXPENDITURE)
Transfers between funds
NET MOVEMENT IN FUNDS
**Reconciliation of funds:**
Total Funds Brought Forward
**Total Funds Carried Forward**|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2024/25**
**2023/24**
£
£
£
**£**
**£**
47,872
0
3,487
51,359
56,653
1
0
264
265
207
3,657
0
0
3,657
3,720
51,530
0
3,751
55,281
60,580
40,839
0
4,683
45,522
42,065
40,839
0
4,683
45,522
42,065
10,691
0
-932
9,759
18,515
0
0
0
0
0
10,691
0
-932
9,759
18,515
293,267
0
35,944
329,211
310,696
**303,958**
**0**
**35,012**
**338,970**
**329,211**| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the charity's operations are classed as continuing. The notes on pages 9 to 16 form part of these financial statements. 7 BRIDGE CHURCH HAYLING ISLAND BALANCE SHEEr AS AT 31 MARCH 2025 Unrestrirted Designated Funds FurKIs Restricted 31-Mar-25 31-Mar-24 Fund5 Total Total Notes Fixed Assets= Tangible assets 406,867 406,867 406,867 Current Assets". Cash at Bank and in Hand Debtors and Prepayments 5,952 35,012 40,964 39,014 Total Current Assets 5.952 35.012 40.964 39.014 Credltors: amounts falling due within one year 1,020 1,020 960 Net Current Assets: 4,932 35.012 39,944 38,054 TOTAL ASSETS LESS CURREr*r LIABILITIES 411.799 35,012 446,811 444,921 Creditors: Amounts due in more than one year 7a 107,841 107,841 115,710 NET ASSETS 303.958 35.012 338 970 329 211 Funds of the Charity General Funds Restricted Funds Designated Funds 303,958 303,958 35,012 293,267 35,944 35,012 303 958 338 970 329 211 Approved by the Trustees on ... '12.2ozs Signed on their behalf by Barry King, Trustee ## **BRIDGE CHURCH HAYLING ISLAND** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## Basis of Preparation: The financial statements of the charity have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP (FRS102)) and applicable accounting standards. The Bridge Church Hayling Island meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. ## Preparation of accounts on a going concern basis Preparation of the accounts is on a going concern basis. The Trustees are of the view that the level of reserves will support the charity going forward. The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A. 1. ACCOUNTING POLICIES - a) Donations: Donations are accounted for gross when received. - b) Legacies: Legacies are accounted for when their receipt is certain and can be properly quantified. - c) Investment Income: Investment income is included in the accounts in the year it is receivable. - d) Fund Raising and Publicity Costs: The church does not make formal appeals for funds, and expenditure on these items is therefore not material. - e) Grants Payable: The church makes grants to other organisations whose charitable objects complement its work. They are accounted for in the year in which they are paid. - f) Governance Costs: This represents direct expenditure on the governance of the church. Most of the management is carried out without charge by volunteers. This intangible cost is not included in the Statement of Financial Activities since there is no measurable cost to volunteers for their service. ## g) Fixed Assets: Fixed assets are measured at cost. - h) Depreciation: Depreciation has not been charged on the land as it is assumed to have an unlimited useful life. Depreciation has not been charged on the Church or Manse premises, because in the opinion of the Trustees, the residual value of the asset is not less than the original cost. Depreciation on other fixed assets are calculated on a straight line basis over their expected useful life, at the following rates: Computer Equipment 25% Music Equipment 25% Projection Equipment 25% Fixtures and Fittings 25% 9 ## **BRIDGE CHURCH HAYLING ISLAND** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025** ## **1. ACCOUNTING POLICIES (continued)** - i) Support Costs Support costs not attributable to a single activity are apportioned between the significant activities being supported, on a basis consistent with the use of the resources. |**2. INCOME FROM:**
Notes
**a) Donations and Legacies**
Tithes & Gifts
8
Gift Aid Donations
8
Tax Refund
**b) Investments**
Bank Interest
**c) Charitable Activities**
Cafe Sales
Sundry Income
TOTAL INCOME|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2024/25**
**2023/24**
£
£
£
£
£
10,349
0
240
10,589
18,095
29,916
0
600
30,516
29,006
7,607
0
2,647
10,254
9,552
47,872
0
3,487
51,359
56,653
1
0
264
265
207
1
0
264
265
207
3,515
0
0
3,515
3,389
142
0
0
142
331
3,657
0
0
3,657
3,720
**51,530**
**0**
**3,751**
**55,281**
**60,580**| |---|---| 10 ## **BRIDGE CHURCH HAYLING ISLAND** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025** |**3. EXPENDITURE ON:**
Notes
**Direct costs**
Cafe Purchases
Charitable Giving:
Charitable Help
Foodbank/Crisis
8
Resource Costs
_Sub-total direct costs_
**Support costs**
**_Premises_**
Bridge Advice Centre - running costs
Cleaning and Premises Expenses
Repairs & Maintenance
Utility Costs
_Total premises costs_
**_Staff costs and human resources_**
Salary Costs
_Total staff costs and human resources_
**_Administration costs_**
Administration Expenses
Equipment Expensed
License & Subscriptions
Refreshment Costs
Sundry Expenses
Depreciation
Website
_Total administration costs_
**_Governance costs_**
Accounts preparation & examination
Bookkeeping
Insurance Costs
Mortgage Interest
_Total governance costs_
TOTAL CHARITABLE ACTIVITIES
**a) Charitable Activities**|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2024/25**
**2023/24**
2,595
0
0
2,595
3,257
1,100
0
1,000
2,100
1,028
0
0
2,341
2,341
2,225
136
0
0
136
35
3,831
0
3,341
7,172
6,545
1,270
0
0
1,270
1,200
594
0
0
594
105
187
0
1342
1,529
461
3,315
0
0
3,315
2,757
5,366
0
1,342
6,708
4,523
16,020
0
0
16,020
16,020
16,020
0
0
16,020
16,020
1,105
0
0
1,105
387
1,911
0
0
1,911
602
421
0
0
421
145
15
0
0
15
0
3
0
0
3
131
0
0
0
0
0
217
0
0
217
0
3,672
0
0
3,672
1,265
1,020
0
0
1,020
960
249
0
0
249
240
2,304
0
0
2,304
2,195
8,377
0
0
8,377
8,439
11,950
0
0
11,950
11,834
**40,839**
**0**
**4,683**
**45,522**
**40,187**| |---|---| 11 ## **BRIDGE CHURCH HAYLING ISLAND** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025** |**4. TANGIBLE FIXED ASSETS**
Notes
Cost
01-Apr-24
Additions
Cost at
31-Mar-25
Depreciation
01-Apr-24
Charge
Depreciation at
31-Mar-25
Net Book Value
31-Mar-25
Net Book Value
31-Mar-24|Land &
Computer
Music
Projection
Fixtures &
Buildings
Equipment
Equipment
Equipment
Fittings
Total
£
£
£
£
£
£
406,867
0
0
0
0
406,867
0
0
0
0
0
0
406,867
0
0
0
0
406,867
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
406,867
0
0
0
0
406,867
406,867
0
0
0
0
406,867
General Fund| |---|---| Land and Buildings comprises: Land at Beach Road, Hayling Island. Title number SH 46083. Freehold 67 Beach Road, Hayling Island. Title number HP494305. All fixed assets are used for direct charitable purposes. Some of the furniture, computers and equipment is used both for direct charitable purposes and the management and administration of the church. The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31 March 2025: £0 31 March 2024: £0 |**5. CASH AT BANK AND IN HAND**
Bank accounts
Cash in hand
**6. DEBTORS AND PREPAYMENTS**
Gift Aid Tax Recoverable
Independent Examiners Fees
**7. CREDITORS: AMOUNTS FALLING**
**DUE WITHIN ONE YEAR**|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**31-Mar-25 31-Mar-24**
£
£
£
**£**
**£**
5,734
0
35,012
40,746
38,865
218
0
0
218
149
5,952
0
35,012
40,964
39,014
Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**31-Mar-25 31-Mar-24**
£
£
£
**£**
**£**
0
0
0
0
0
0
0
0
0
0
Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**31-Mar-25 31-Mar-24**
£
£
£
**£**
**£**
1,020
0
0
1,020
960
1,020
0
0
1,020
960| |---|---| 12 ## **BRIDGE CHURCH HAYLING ISLAND** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025** ## **7.a) CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** |Stewardship Church and Charity Lending
**8. RESTRICTED FUNDS**
**CURRENT YEAR**
India Fund
The Building Fund
Food Bank Crisis Fund
**PRIOR YEAR**
India Fund
The Building Fund
Food Bank Crisis Fund|31-Mar-25
31-Mar-24
**£**
**£**
107,841
115,710
**107,841**
**115,710**
**Balance**
**Balance**
**01-Apr-24**
**Income**
**Expenditure**
**Transfer**
**31-Mar-25**
**£**
**£**
**£**
**£**
**£**
14,142
240
-1,000
0
13,382
11,456
157
-1,342
0
10,271
10,346
3,354
-2,341
0
11,359
35,944
3,751
-4,683
0
35,012
**Balance**
**Balance**
**01-Apr-23**
**Income**
**Expenditure**
**Transfer**
**31-Mar-24**
**£**
**£**
**£**
**£**
**£**
13,348
375
0
419
14,142
8,823
133
0
2,500
11,456
4,262
8309
-2,225
0
10,346
26,433
8,817
-2,225
2,919
35,944| |---|---| India Fund: Funds collected are used to support the work of an orphanage in India and other projects and to finance the church leaders travel expenses to India. The Building Fund: Money collected in order to fund the building extension. The Food Bank Crisis Fund: Money collected to help run the service, which also helps with homelessness. The restricted funds of the charity are represented by cash reserves. 13 ## **BRIDGE CHURCH HAYLING ISLAND** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025** ## **9. DESIGNATED FUNDS CURRENT YEAR** The charity had no designated funds this financial year or in 2023/24. |Gross Wages and Salaries
Employer's National Insurance Costs
Employer's Pension Contributions
**10. STAFF COSTS AND NUMBERS AND THE COST**
**OF KEY MANAGEMENT PERSONNEL**|**31-Mar-25**
**31-Mar-24**
**£**
**£**
16,020
16,020
0
0
0
0
16,020
16,020| |---|---| As at the end of this financial year the Charity employed 1 full time staff member (as at the end of the previous financial year 1 full time) in the following areas: |Activities in Furtherance of the Charity's Objects|1
1
1
1| |---|---| No employee received emoluments in excess of £60,000 during this year (31-Mar-24 - none). Staff are responsible for their own reporting to HMRC for tax and national insurance. The key management personnel of the charity comprise the Board of Trustees and Church Leader. No Trustees are remunerated. The total employee benefits (including employer national insurance and employer pension contributions) of the key management personnel of the charity were £16,020 (2023/24: £16,020) The church does not pay pension contributions on behalf of any employee, although a stakeholder pension scheme is offered to those who wish to contribute. The staging date for auto enrolment date for the church was April 2017. A pension scheme is available to eligible employees and employer contributions will be budgeted for and will be made in accordance with legislation. 14 ## **BRIDGE CHURCH HAYLING ISLAND** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025** |**11. a.) CURRENT YEAR ANALYSIS OF**
**NET ASSETS BY FUND**
Fixed Assets
Net Current Assets
Liabilities (due in more than one
year)
**11. b.) PRIOR YEAR ANALYSIS OF**
**NET ASSETS BY FUND**
Fixed Assets
Net Current Assets
Liabilities (due in more than one
year)|Unrestricted
Designated
Restricted
**31-Mar-25**
**######**
Funds
Funds
Funds
**Total**
**Total**
£
£
£
**£**
**£**
406,867
0
0
406,867
406,867
4,932
0
35,012
39,944
38,054
-107,841
0
0
-107,841
-115,710
**303,958**
**0**
**35,012**
**338,970**
**329,211**
Unrestricted
Designated
Restricted
**31-Mar-24**
**######**
Funds
Funds
Funds
**Total**
**Total**
£
£
£
**£**
**£**
406,867
0
0
406,867
406,867
-7,401
0
45,455
38,054
27,373
-115,710
0
0
-115,710
-123,544
**283,756**
**0**
**45,455**
**329,211**
**310,696**| |---|---| ## **12. PAYMENTS TO TRUSTEES, MINISTERS AND RELATED PARTIES** M Dennison, a related party to trustee P Dennison received salary payments of £16,020 during the financial year. (2023/24: £16,020). No payments were made to trustees or any other persons connected with them during this financial period. No material transaction took place between the charity and a trustee or any person connected with them. ## **13. RISK ASSESSMENT** The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **14. RESERVES POLICY** The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily. 15 ## **BRIDGE CHURCH HAYLING ISLAND** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025** ## **15. PUBLIC BENEFIT** The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. ## **16. PROPERTY EXTENSION** During the year ended 31st March 2020, Bridge Church, 67 Beach Road, Hayling Island has undertaken a significant extension and once finished the property was valued at £425,000. The Charity made a capital contribution of £140,000 and the remaining £150,000 costs was provided by a mortgage from Stewardship Church and Charity Lending secured on the Land & Buildings over a 15 year fixed term period at an annual interest rate of 7.5% making monthly repayments of £1,389. The mortgage commenced on the 25th November, 2019 with mortgage maturity on the 24th November 2034. |1 year
2-5 years
5+ years
Total Outstanding
**Debt Maturity Analysis**|7,834
31,336
68,671
**107,841**| |---|---| 16