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← Bournemouth Community Church

2024-12-31-accounts

Charity registration number 1101942

Company registration number 04964320 (England and Wales)

BOURNEMOUTH COMMUNITY CHURCH

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE

BOURNEMOUTH COMMUNITY CHURCH

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Rev R Constantine Mr A Driscoll Mr R S Hurley Mr S M Matos Mrs N M Wilkinson Mrs S A Sherwood Charity number 1101942 Company number 04964320 Principal address Life Centre 711 - 715 Wimborne Road Bournemouth BH9 2AU Registered office Life Centre 711 - 715 Wimborne Road Bournemouth BH9 2AU Independent examiner Harrisons Chartered Accountants 4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE

BOURNEMOUTH COMMUNITY CHURCH

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Statement of cash flows 7
Notes to the financial statements 8 - 21

BOURNEMOUTH COMMUNITY CHURCH

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their annual report and financial statements for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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

To advance the Christian Faith in accordance with the statement of beliefs appearing in the schedule hereto in Bournemouth and in such other parts of the United Kingdom or the World as the Trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the Law of England and Wales and are connected with the charitable work of the Charity.

To advance the education in accordance with Christian principals in the said locality and elsewhere as the Trustees may from time to time think fit.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Significant activities and achievements against objectives

Notable activities and affiliations

Bournemouth Community Church is affiliated to The Evangelical Alliance, a nationwide family of individuals, organisations and churches. There are no related parties under the terms of the Statement of Recommended Practice that inhibits this registered Charity from pursuing its own separate interests. The church continues to effectively pursue its objects by conducting special initiatives for church members to share their faith and invite contacts to appropriate meetings.

Community Involvement

Bournemouth Community Church (BCC) continued to navigate significant increases to national inflation and the economic recession. BCC continued to operate to fulfil its objectives and aims, and 'make disciples who make disciples'. Throughout the year our in-person Sunday services have been steadily growing, as have our weekday ministries and activities. Live streaming of Sunday services continued for those participating online. Life groups grew in number and continue to provide important fellowship and support in a personal setting. We have seen a steady increase in people becoming members.

BOURNEMOUTH COMMUNITY CHURCH

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

The Lifecentre building once again has facilitated essential NHS work and BCC's community support, and provided space for the ongoing work of:

BCC's approach to community engagement continues to be a mixture of practical help, prayer help and conversations about faith. As such our faith in Christ is embedded in all that we do. Central to all this is our warm welcome hub and foodbank called Lifehouse. Lifehouse is a place where anyone can come to chat and receive prayer and be signposted to other partnership working services such as Community Money Advice in partnership with Faithworks Wessex, addictions help through 'Star' Recovery courses and our weekly drop-in Recovery group, 'Kintsugi Hope' mental health and wellbeing courses, and Alpha which is a 12 week introductory course to the Christian faith. In addition to this we also run 'Munch' which is our own family food programme, and Time for Tea which is our weekly community meal for those in need.

Further to this, we have continued to partner with Christians from a number of different churches throughout the year to reach out with Christian gospel initiatives in the town more broadly, and we have seen a good response to this from all kinds of people.

Development of the Facilities

Further investment was made to the infrastructure of the building to improve the facilities for the community and inline with current health and safety requirements. This included creating two new counselling/meeting rooms and further needed storage.

Financial review

We continued to meet our financial obligations and ended the year with a surplus.

Reserves policy

Total amount of reserves held at 31 December 2024 was £1,732,633 (2023: £1,696,059) of which £1,609,853 was unrestricted funds and £122,780 was restricted. The majority of the restricted funds balance is made up of amounts received for the solar panels installation.

The Charity's policy on reserves is that we will make a suitable provision for contractual liabilities. In this regard, it was resolved by the Trustees that when possible, a reserve be created for the payments of salaries. The Trustees do not intend to keep substantial reserves as the objects of the charity determine distribution of funds to fulfil these objects and would only be agreed where there is a known future commitment that demands creating such a reserve.

BOURNEMOUTH COMMUNITY CHURCH

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Major risks

The major risk that the charity faces is a significant drop in numbers of committed members from whom the Charity receives the bulk of its income. Fulfilling our commitment to our staff and regular expenditure to achieve our objects in a declining income scenario would be our main concern but which we do not anticipate being an ongoing problem. We have a history of seeing needs met and we flag-up shortfalls in income or uncovered increased expenditure to the congregation who have always responded well. There is an appropriate balance between caution and faith and the elders and Trustees are committed to seeing this maintained.

Plans for future periods

We intend to maintain our existing range of ministry and community-engagement activities working with local community partners (with over 250,000 people using the facilities annually), as well as look to further develop community engagement activities to assist the ever-growing needs.

There continues to be a small amount of space in the Lifecentre building which has the potential for development and use for either ministry and community activities or commercial letting, or a combination of both. Opportunities to development these spaces are actively being considered.

Structure, governance and management

The Charity is a company limited by guarantee and is governed by its memorandum and articles of association.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Rev R Constantine

Mr A Driscoll Mr R S Hurley Mr S M Matos Mrs N M Wilkinson Mrs S A Sherwood

Recruitment and appointment of trustees

The Trustees are appointed by the Board of Trustees and can serve for an unlimited amount of time and are not suject to retirement by rotation. The governing document provides for a minimum of 3 Trustees at any one time,but shall not be subject to any maximum.

Organisational structure

The Charity is managed by the Board of Trustees, who meet at regular intervals during the year to discuss the major issues affecting the Charity.

The trustees' report was approved by the Board of Trustees.

Rev R Constantine Trustee

20 June 2025

BOURNEMOUTH COMMUNITY CHURCH

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF BOURNEMOUTH COMMUNITY CHURCH

I report to the trustees on my examination of the financial statements of Bournemouth Community Church (the charity) for the year ended 31 December 2024.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

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

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 financial statements to be reached.

Harrisons Chartered Accountants

4 Brackley Close Bournemouth International Airport Christchurch Dorset BH23 6SE

Dated: 20 June 2025

BOURNEMOUTH COMMUNITY CHURCH

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income and endowments from:
Donations and legacies
3
345,454
93,730
Investments
4
43,165
-
Other income
5
3,830
-
Total income
392,449
93,730
Expenditure on:
Charitable activities
6
460,074
71,531
Total expenditure
460,074
71,531
Net gains/(losses) on
investments
11
82,000
-
Net income
14,375
22,199
Transfers between
funds
13
9,272
(9,272)
Net movement in
funds
8
23,647
12,927
Reconciliation of funds:
Fund balances at 1 January
2024
1,586,206
109,853
Fund balances at 31
December 2024
1,609,853
122,780		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
439,184
742,803
55,713
43,165
122,443
-
3,830
5,812
-
486,179
871,058
55,713
531,605
452,479
47,692
531,605
452,479
47,692
82,000
-
-
36,574
418,579
8,021
-
6,400
(6,400)
36,574
424,979
1,621
1,696,059
1,161,227
108,232
1,732,633
1,586,206
109,853		 Total
2023
£
798,516
122,443
5,812
926,771
500,171
500,171
-
426,600
-
426,600
1,269,459
1,696,059

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

BOURNEMOUTH COMMUNITY CHURCH

BALANCE SHEET

AS AT 31 DECEMBER 2024

Notes
Fixed assets
Tangible assets
14
Investment property
15
Investments
16
Current assets
Debtors
17
Cash at bank and in hand
Creditors: amounts falling due within
one year
19
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
20
Net assets
The funds of the charity
Restricted income funds
22
Unrestricted funds		 2024
£
£
2,224,250
542,000
100
2,766,350
9,963
123,881
133,844
(87,315)
46,529
2,812,879
(1,080,246)
1,732,633
122,780
1,609,853
1,732,633		 2023
£
£
2,273,860
460,000
100
2,733,960
68,088
89,241
157,329
(75,891)
81,438
2,815,398
(1,119,339)
1,696,059
109,853
1,586,206
1,696,059

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 20 June 2025

Rev R Constantine Trustee

Company registration number 04964320 (England and Wales)

BOURNEMOUTH COMMUNITY CHURCH

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
28
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash generated from investing
activities
Financing activities
Repayment of bank loans
Net cash used in financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
(16,295)
43,165
(59,437)		 £
67,207
26,870
(59,437)
34,640
89,241
123,881		 2023
£
(45,025)
122,443
(43,114)		 £
(61,819)
77,418
(43,114)
(27,515)
116,756
89,241

BOURNEMOUTH COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

Charity information

Bournemouth Community Church is a private company limited by guarantee incorporated in England and Wales. The registered office is Life Centre, 711 - 715 Wimborne Road, Bournemouth, BH9 2AU.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "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)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2 Going concern

At the time of approving the financial statements, 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 financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

BOURNEMOUTH COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property 2% straight line Solar panels 4% straight line Fixtures and fittings 25% reducing balance Equipment 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.8 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.9 Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

BOURNEMOUTH COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

(Continued)

1.10 Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

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 period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Offerings and donations
293,931
51,230
Legacies receivable
-
-
Grant income
-
42,500
Gift aid tax refund
47,456
-
Youth fund
4,067
-
345,454
93,730		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
345,161
232,824
26,685
-
460,000
-
42,500
-
29,028
47,456
46,645
-
4,067
3,334
-
439,184
742,803
55,713		 Total
2023
£
259,509
460,000
29,028
46,645
3,334
798,516

The charity benefits greatly from the involvement of its many volunteers. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.

BOURNEMOUTH COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

4 Income from investments

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Rental income 42,904 122,314
Interest receivable 261 129
43,165 122,443
5 Other income
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Solar resale 3,830 5,812
6 Charitable activities
Church
Church
activities activities
2024 2023
£ £
Charitable activities costs 499,851 467,878
Share of governance costs (see note 7) 31,754 32,293
Analysis by fund
Unrestricted funds 460,074 452,479
Restricted funds 71,531 47,692
531,605 500,171

BOURNEMOUTH COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

7 Support costs
Support
costs
Governance
costs
2024
Support
costs
Governance
costs
£
£
£
£
£
Staff costs
-
9,196
9,196
-
8,751
Legal and professional fees
-
22,558
22,558
-
23,542
-
31,754
31,754
-
32,293
Analysed between
Charitable activities
-
31,754
31,754
-
32,293
8
Net movement in funds
2024
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
2,772
Depreciation of owned tangible fixed assets
65,905		 2023
£
8,751
23,542
32,293
32,293
2023
£
2,465
67,218

9 Trustees

Rev R Constantine, a Trustee, was paid a gross salary (including employers NI and employers pension) of £54,747 (2023: £52,036).

Mr A Driscoll, a Trustee, was paid a gross salary (including employers NI and employers pension) of £41,179 (2023: £38,968).

Mrs N M Wilkinson, a Trustee, was paid a gross salary (including employers NI and employers pension) of £8,447 (2023: £9,036).

As permitted according to clause 6 of the charity's governing document, Rev R Constantine, Mr A Driscoll and Mrs N M Wilkinson are remunerated for their services as religious pastors. No remuneration is paid for their services as Trustees.

During the year 3 trustees were reimbursed expenses totalling £2,669 (2023: £1,557) in respect of travel, phone and other general church activity expenses.

10 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
9 10

BOURNEMOUTH COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

10
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2024
2023
£
£
153,148
150,273
7,920
7,444
12,043
12,033
173,111
169,750		 (Continued)
2024
2023
£
£
153,148
150,273
7,920
7,444
12,043
12,033
173,111
169,750
169,750

There were no employees whose annual remuneration was more than £60,000.

11 Gains and losses on investments

Unrestricted Unrestricted
funds funds
2024 2023
Gains/(losses) arising on: £ £
Revaluation of investment properties 82,000 -

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

13 Transfers

During the year the trustees have decided to transfer funds from restricted to unrestricted funds as designated to be used for loan payments.

BOURNEMOUTH COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

14
Tangible fixed assets
Cost
At 1 January 2024
Additions
At 31 December 2024
Depreciation and impairment
At 1 January 2024
Depreciation charged in the year
At 31 December 2024
Carrying amount
At 31 December 2024
At 31 December 2023		 Freehold
property
Fixtures and
fittings
£
£
2,975,097
99,814
15,709
-
2,990,806
99,814
718,746
97,305
61,381
627
780,127
97,932
2,210,679
1,882
2,256,351
2,509		 Equipment
£
96,854
586
97,440
81,854
3,897
85,751
11,689
15,000		 Total
£
3,171,765
16,295
3,188,060
897,905
65,905
963,810
2,224,250
2,273,860

BOURNEMOUTH COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

15 Investment property

Fair value
At 1 January 2024
Net gains or losses through fair value adjustments
At 31 December 2024		 2024
£
460,000
82,000
542,000

Investment property comprises of properties acquired as part of a legacy from the estate of a former member of the congregation. The trustees have revalued the investment properties on an open market basis at 31 December 2024.

If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:

Cost
Accumulated depreciation
Carrying amount
Fixed asset investments
Cost or valuation
At 1 January 2024 & 31 December 2024
Carrying amount
At 31 December 2024
At 31 December 2023
Other investments comprise:
Notes
Investments in subsidiaries
26		 2024
2023
£
£
460,000
460,000
-
-
460,000
460,000
Other
investments
100
100
100
2024
2023
£
£
100
100		 2023
£
460,000
-
460,000
100
100
2023
£
100

16 Fixed asset investments

BOURNEMOUTH COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

17
Debtors
Amounts falling due within one year:
Trade debtors
Amounts owed by subsidiary undertakings
Other debtors
Prepayments and accrued income
18
Loans and overdrafts
Bank loans
Payable within one year
Payable after one year
Amounts included above which fall due after five years:
Payable by instalments		 2024
£
3,656
-
4,831
1,476
9,963
2024
£
1,113,927
33,681
1,080,246
920,379		 2023
£
12,149
40,201
14,699
1,039
68,088
2023
£
1,173,364
54,025
1,119,339
975,416

Bank loans totalling £1,149,274 are secured by a fixed charge over the charity's freehold property.

19 Creditors: amounts falling due within one year

Notes
Bank loans
18
Other taxation and social security
Trade creditors
Amounts owed to subsidiary undertakings
Other creditors
Accruals and deferred income
20
Creditors: amounts falling due after more than one year
Notes
Bank loans
18		 2024
£
33,681
2,852
586
43,287
2,075
4,834
87,315
2024
£
1,080,246		 2023
£
54,025
5,156
1,692
-
2,075
12,943
75,891
2023
£
1,119,339

BOURNEMOUTH COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2024

21 Retirement benefit schemes
2024 2023
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 12,043 12,033

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

BOURNEMOUTH COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

22 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Balance at
1 January 2024
r
£
Room To Grow
16,862
Solar Panels
76,219
Staffing
3,820
Community Lunch Clubs
7,381
Winton Community Shed
5,571
Loan contributions
-
Ministry musical equipment fund
-
109,853		 Movement in funds
Incoming
esources
Resources
expended
£
£
16,810
(29,200)
-
(3,758)
25,000
(18,268)
25,249
(19,341)
346
(964)
22,325
-
4,000
-
93,730
(71,531)		 Transfers
Balance at
31 December
2024
£
£
(4,472)
-
-
72,461
(5,552)
5,000
5,552
18,841
-
4,953
(4,800)
17,525
-
4,000
(9,272)
122,780		 Transfers
Balance at
31 December
2024
£
£
(4,472)
-
-
72,461
(5,552)
5,000
5,552
18,841
-
4,953
(4,800)
17,525
-
4,000
(9,272)
122,780
122,780
Movement in funds
Balance at
1 January 2023
Incoming
resources
Resources
expended
£
£
£
Room To Grow
7,202
14,460
(4,800)
Solar Panels
79,977
-
(3,758)
Staffing
10,396
10,000
(15,575)
Community Lunch Clubs
10,657
20,835
(23,512)
Winton Community Shed
-
5,618
(47)
Loan contributions
-
4,800
-
108,232
55,713
(47,692)		 Transfers
Balance at
31 December
2023
£
£
-
16,862
-
76,219
(1,001)
3,820
(599)
7,381
-
5,571
(4,800)
-
(6,400)
109,853		 Transfers
Balance at
31 December
2023
£
£
-
16,862
-
76,219
(1,001)
3,820
(599)
7,381
-
5,571
(4,800)
-
(6,400)
109,853
109,853

Room to Grow: A restricted fund to provide the opportunity to give toward a larger facility, one with 'room to grow'. Once the facility is identified, these funds will go directly toward any mortgage required.

Solar Panels: A restricted fund made up of council grants and other donations to install solar panels on the building.

Staffing: A restricted fund made up of donations received specifically to assist with staff salaries.

Community Lunch Clubs: a restricted fund used for the provision of several community lunch clubs.

Winton Community Shed: a restricted fund for the purpose of working as a community to put together a Shed where people can come together.

Loan contributions: a restricted fund where monies have been donated to contribute towards capital repayments of the Charity's bounce back loan.

Ministry musical equipment fund: a restricted fund for the purchase of music equipment.

BOURNEMOUTH COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

23 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

Balance at
1 January 2024
£
Unrestricted
1,525,483
Designated - capital
expenditure fund
60,723
Investment property
revaluation
-
1,586,206
Balance at
1 January 2023
£
Unrestricted
1,099,642
Designated - capital
expenditure fund
61,585
1,161,227		 Incoming
resources
£
392,449
-
-
392,449
Incoming
resources
£
856,509
-
856,509		 Movement in funds
Resources
expended
Transfers
£
£
(458,897)
9,272
(1,177)
-
-
-
(460,074)
9,272
Movement in funds
Resources
expended
Transfers
£
£
(437,068)
6,400
(862)
-
(437,930)
6,400		 Gains and
losses
Balance at
31 December
2024
£
£
-
1,468,307
-
59,546
82,000
82,000
82,000
1,609,853
Gains and
losses
Balance at
31 December
2023
£
£
-
1,525,483
-
60,723
-
1,586,206

24 Analysis of net assets between funds

Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 December 2024:
Tangible assets 2,168,651 55,599 2,224,250
Investment properties 542,000 - 542,000
Investments 100 - 100
Mixed motive investments (67,181) 67,181 -
Current assets/(liabilities) 46,529 - 46,529
Long term liabilities (1,080,246) - (1,080,246)
1,609,853 122,780 1,732,633

BOURNEMOUTH COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

24 Analysis of net assets between funds

Analysis of net assets between funds (Continued)
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
At 31 December 2023:
Tangible assets 2,197,641 76,219 2,273,860
Investment properties 460,000 - 460,000
Investments 100 - 100
Current assets/(liabilities) 47,804 33,634 81,438
Long term liabilities (1,119,339) - (1,119,339)
1,586,206 109,853 1,696,059

25 Related party transactions

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

The Charity holds 100% of the shares of Bournemouth Lifecentre Limited. Included in creditors is a balance of £43,287 (2023: debtor of £40,201) owed to Bournemouth Lifecentre Limited.

During the year aggregate donations received from trustees without conditions was £38,221 (2023: £35,833).

During the year £74,840 was received from Bournemouth Lifecentre Limited in respect of profits gift-aided.

Mr J Constantine, son of trustee Rev R Constantine, was paid £nil (2023: £175) during the year for advertising and publicity.

BOURNEMOUTH COMMUNITY CHURCH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

26 Subsidiaries

The charity owns 100% of the issued share capital of Bournemouth Lifecentre Limited, company number 07701837.

The profit for the year ended 31 December 2024 was £69,227 (2023: £73,537). The profit and loss reserves were £85,193 (2023: £90,806).

27 Limited by guarantee

Every member promises, if the Company is dissolved while he, she or it remains a member or within twelve months afterwards, to pay up to £10 towards the cost of dissolution and the liabilities incurred by the Company while the contributor was a member.

28
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Fair value gains and losses on investment properties
Fair value of donated investment properties
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease in debtors
Increase in creditors
Cash generated from/(absorbed by) operations
29
Analysis of changes in net (debt)/funds
At 1 January
2024
£
Cash at bank and in hand
89,241
Loans falling due within one year
(54,025)
Loans falling due after more than one year
(1,119,339)
(1,084,123)		 2024
2023
£
£
36,574
426,600
(43,165)
(122,443)
(82,000)
-
-
(460,000)
65,905
67,218
58,125
15,754
31,768
11,052
67,207
(61,819)
Cash flows At 31 December
2024
£
£
34,640
123,881
20,344
(33,681)
39,093
(1,080,246)
94,077
(990,046)