Company number 05855166 Charity number 1115680 Bridge Street Pentecostal Church Operating as Bridge Community Church (A Company Limited by Guarantee) Annual Report and Financial Statements For the year ending 31 December 2021
Contents Page Report ofthe Trustees........................................................................................................ Independent Auditors, Report.... ......................................................................................... li Consolidated Statement of Financial Attlvities.........................-..-.......................................... 15 Charity Balance 5heet........................................................................................................16 Consolidated Balance Sheet...... .17 Consolldated Statement of Cash Flows .18 Notes to the Finanaal Statements........................................................................................19
Bridge Street Pentecostal Church Operating as Bridge Community Church Report of the Trustees for the year ended 31 December 2021 The Trustees are pleased to present their annual report together with the consolidated financial statements of the charity and its subsidiaries for the year ending 31 Dember 2021 which are also prepared to meet the requirements for a Directors. report and accounts for Companies Art purposes. The finanoal statements comply with the Charit Act 2011. the Companies Act 2006. the Articles of Association, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS102) (effertive l January 2019). Reference and Adminlstrative Detslls Charity Number: 1115680 Company Number: 05855166 Registered Office: Bridge Community Church Rider Street Leeds Burmantofts L59 7BQ Email: 1nfo@bcdeeds.org Website: www.bcdeeds.org Bankers: Barclays Bank Guiseley Leeds LS20 8AE Auditors- Azets Audit Services Triune Court Monks Cross Drive York Y032 9GZ Company Secretary: Matthew Dransfield (resigned 31 October 2021) Currently vacant Key management personnel The Dirertors of the charitable company are also its Trustees for the purposes of charity law. The Trustees and officers Serving during the year and since the year end were as follows: Mr. A J Jarvis Dr R Lasseko Mr. O Osarollor Dr l Jones Mr. C C Inwood Dr O Rotimi Mrs. C Roberts Mr. C Olowosuko (Resigned 8 February 2021) (Appointed 8 March 2021} Prlnclpal staff Pastoral tearn.. Rev. S Reilly (Senior Pastor) Rev. A Lancaster Rev. A Lenton Rev B Leo {Resigned 31 January 2021) {Appointed I September 2021)
Bridge Street Pentecostal Church Operating as Bridge Community Church Report of the Trustees for the year ended 31 December 2021 Structurei governance and management Bridge Street Pentecostal Church Ltd (operating as Bridge Community Church) is a charity registered in England and Wales and is constituted as a company* limited by guarantee, and is therefore governed by a memorandum and artide5 of association. The company was established under memorandum of association, which established the objeLts and powers of the charitable company and is govemed under its articles of association. In the event of the company being wound up. members are required to contribute an amount not exceeding £1. Introduction The obj.erts of the charitable company are primarily worked out through the ministries of Bridge Community Church, its congregation. and volunteers, as diretted and supported by the employees and reSoUrS of the company. Bridge Community Church fThe Church? has been operating at its new site since J¢Jne 2016. It has a regular attendance of around 1.200 people at its Sunday setvices including 300-400 children and young people. Management and administration The Trustees oversee the legal and financial responsibilities of the Church. The spiritual oversight of The Church is vested in the elders. who. together with the Twstees are company members. The day-to-day management of The Church is vested in the Ministries Leadership Team (for spiritual matters) and the Operations Team (for company matters)- Recruitment and appolntment of Tees. The Directors of the company are also Trustees of the charity. The Trustees who served during the period urbder review and to date are set out on page 3. In accordance with the Articles of Association, Trustees stand for a period of three years after which they can, if they choose, stand for re-election. All Trustees give their time voluntarily. Any expense5 redaimed by Trustees from the charity are set out in note 7 to the financial statements. Conflicts of Interest The charity maintains a conflirt of interest register which is reviewed at regular Intervals. All conflicts of interest a assessed at each board meeting according to agenda and controls exercised appropriately. Indurtlon and training of Trustees Policies are subject to ongoing review for the induction and training of Trustees. Remuneration policy for senior staff ' The charlty follows the annual pay guidance issued by the Elim Pentecostal Church Charity for the payment of Pastors. Fundraising We strive to achieve the highest fundraising standards and we value the support we receive financially from supporters. We are staying up to date with developments in charity regulation, dats protection and the Fundraising Prefeience Service (FPS) to make sure we are legally compliant and adhering to all guidelines. No complaints were received in the year 2021 in connection WTth fundraising and any queries are managed with due diligen.
Bridge Street Pentecostal Church Operating as Bridge Community Church Report of the Trustees for the year ended 31 December 2021 Risk management The Trustees have carried out ongoing assessments of the charity's activities setting out the major opportunities available to the charity and the risks to which it Is exposed. The prinopal risks and uncertainties fad by the charity at the time of writing are as follows: Finanaal risks Congregational giving has remained consistent with the giving profile witnessed during the Covid-19 pandemic and reflects the congregation's personal circumstances and the pressure of the current economic squeeze on household income. The Board continues to use financial controls put in place around giving and expendtture. Conferencing and parking income are starting to recover with a healthy set of bookings for the year. however, income has been set at a low level to reflect recovery from the pandemic and a slow retum to office working. There is optimism that as we continue to "open-up,"" business income will increase towards the latter end of the year. Controls a in place to ensure budgets are adhered to. Operational risks - The Church has written policies in pla for child protection Including Systems for training of new and existing volunteers as well as employees, health & safety and data protertion and many other activities (including an annual risk assessment vIew). Property risk - The Church facility has full security measure5 against theft, vandalism, and fi with full ingjrances in place including a 2417 CCTV system. All required equipment and fixtures are maintained at prescribed intervals via service contracts. Employment (human resource) risk - The church employs pastors and staff for the delivery and management of its objertives. It has policies in place for Pensions, Equal Opportunities, Dispute Resolution and Public & Employer Liability Insurance. The Trustees have considered their responsibilities under Legislation including Health & Safety, Employment Law, and Child Protects'on. The church is supported by an extemal company Sentient specialising in HR. Building and Estate Facilitates are monttored and any risk are ported to senior management if found. Remedial work planned to service the gutter5 on the Stewart Building has been undertaken with a 25 year warranty on the produrt and workmanship. COVID-19 CORONA VIRUS In March 2020 Covid-19 afflicted the UK and the government took deosive action. During the Cov4d- 19 epidemic the Charity took the decision to adhere to all government advi and guidelines as advised. During this period, the following attiofts were taken As the pandemic ebbed and flowed, the site was closed and opened as per govemment instructions in agreement with local tiering. All Confenang activity was cancelled or postponed. apart from when restrittion allowed trading to take place under controlled work environments. Non-essential staff were furloughed following an operational review and an extraordinary meeting of Trustees. This supported the charities operational costs and prevented the 10s5 of staff. Operational reqU1ments were reviewed monthly. Enhanced financial controls were put in pla. suspension of all budgetary activity apart from key operating costs, salarie5. and key missionary giving. The pandemic imparted fundraising (congregational giving) and income from conferenong. The financial position Is monttored on a month-by-rnonth basis. The charity has rnet its budget for 2021. The charity has set a pessimistic budget for 2022 in light of a year of recovery.
Bridge Street Pentecostal Church Operating as Bridge Community Church Report of the Trustees for the year ended 31 December 2021 Objectives and activities l. The advancement of Christian faith. 2. To relieve poverty. hardshipi sickness and disease. 3. To asslst in the treatment of those in need. 4. To promote the interests of soclal welfrdre amongst adults, children and young people thmugh artivities such as community café, Domaine youth works, children's ministries, Splash Time. a parent and toddler group. In addition. we partner with Kidz Klub, Teen challenge and Christians against Poverty, Make Lunch. Missional Generation, Resurgo (Spear) and Zarach who are all artive within the vicinity of the Church. 5. The church offer5 its facilities for hire by extemal organisations such as the NHS, other businesses and other Church groups. When reviewing the aims and objetts of the Charity, and planning future activities. the Trustees are compliant with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission. Achievements and performance The charity achieved the following objectives in line wlth tts charitable objectives- l. The Church has continued to deliver its ministry in its facility on Rider Street, Burmantofts through a combination of online broadcasting and in sltu gatherings. the latter returning as Covit1-19 restrictions were lifted in 2021 and 2022. 2. Conferenang and room hire continued during the year at considerable reduced levels under Covid-19 safe working arrangements. Following the lifting of Covid-19 restrictions conferencing and room hire has started to recover and is showing signs of growth and 5tsbilisation. 3. Core church activities initially ceased in the building during the various lockdown phases for adult, youth. and children's streams. Delivery of conggatIOnal services was taken online with a return to making use of the facility with a reduced capacity adhering to gOvernent guidelines as restriction were lifted by the government. 4. The Discipleship track {the ALPHA course) was taken online and proved to be effettive. The format was changed to suf£ online delivery and has recently returned to an in-house format. A new CAP (Christians Against Poverty) debt manager was appointed in the year gone. This facilitated the return of debt counselling in line with Covid-19 restrittions. Sadlyi the new manager has taken up a role at C4P Headquarters Slting in a review of debt counselling with the outcome still to be deaded. 5. Locally the Church continues to partner with charities Kidz Klub, Resurgo {Spearl and Zarach to reach the local community. During the pandemic BCC assisted in the distribution of food parcels to local residents and has subsequently teamed up with Zarach to offer food aid to the local community. 6. In line with the core church activity timelines Youth & Children's ministry has re-commenced and the church has appointed two new youth workers following a restructure of the Youth and Children's department.
Bridge Street Pentecostal Church Operating as Bridge Community Church Report of the Trustees for the year ended 31 December 2021 Achievements and Performan (contlnued) 7. During the last year the children and youth ministry have moved from uploading sessions online and social media to be watched at home, to having 230 places each Sunday for the children and youth to come back fa to facel This has been a slow process as we have kept to Governfflent guidelines but now all our pla are fully booked each Sunday. At the Sunday sessions children meet in departments which cater for 2 years - 18 year5. The activities in the groups varies according to the age but always include5 games, fiJn, worship¢ Bible teaching and small group discussions where we want our children to leam to Love God. Love Others and Love life. Using multimedia and teaching from our amazing group of staff and volunteers the children a known, engageij and very enthusiastic about attending each weekl The weekly sessions are backed up by social events: The Youth have held events that include 5portsi golfing, trampolining, games night, chill and chat, film nights. study and chill events in the school holidays. The children have had Messy Church Events. Family Film Nights. family days out to the beach, Family Fun Day on site and so much more. Each week we also deliver 6 Splashtime sessions (pa nt. carer baby and toddler group) to families in the community. This is a lifeline to many parents who come twice each week. He the parents rnake friends, are supported by the team, children play and socialise with others while learning many skills. From this families are invited to attend other activities and events that the church provides, such as the Food Aid servi. Messy church, Film nights, ESOL classes etc. BCC has a growing number of families who we engage with who have a child with additional needs. To be able to provide a group twi each month for those with severe needs, supporting those who have needs but who can manage to be in the larger groups and supporting the family is a growing area of our work. The Childn and Youth Ministry is thriving and as we canl get everyone in who really wants to come, we are now focusing on developing another service at 4pm each week, with Children and Youth sessions, to allow more 2-18 years olds to attend each Sunday. It is a privilege to have $0 many children and young people who want to come and we are amazed at all that God is providing for us in so many ways. We are blessed to be a blessing in LS9, Leeds and across the world as we continue to welcorne families from over 99 nationsl Splash Time (parent and toddler group) has recommenced. this has seen a return of families making use of the sessions delivered from the premises of BCC on a weekly basis. The session runs Tuesday-Friday in the morning and Iy40 aftemoon sessions are also provided. 8. The ministry to young adults (18-35-year olds) has returned with various activities, including teaching, soaal aLtivities, and online hangoLts. It has been tremendous to see how this ministry has grown and is reaching more young adults. 9. Missionary support and activity continue to take place led by the mission's team. A long term missionary has returned to Leeds from Ghana following years of service with WEC. The missions team continue to support local community through The Welcome. a shop in the Lincoln Green shopping precinct. 10. The move to Churchsutte an administrative software platform has especially supported the activities of the church during Covid-19. by supporting track and trace, ticketing of gatherings and communication with congregation. 11. Following the establishment of a diversity team, the leadership of the church has engaged with an outside provider to undertake training and education in Cultural intelligence and incluslve leadership.
Bridge Street Pentecostal Church Operating as Bridge Community Church Report of the Trustees for the year ended 31 December 2021 Alms and objectlves for 2022 onwards Our vision is to grow as a biblically functioning community throughout the city of Leeds. Our objectives for the forthcoming year indude- l. Establish a second servlce to accommodate cOngatIOn growth and the need to support increased numbers in the Childn,$ and Youth ministry. 2. Continue to develop and grow the Young Adult ministry. 3. Improve the way we appreaate, care and support volunteers that seNe the BCC church family. 4. To see Burmantofts and Lincoln Green transformed through our links with local schools (St Peters and Shakespeare in particular) via the netr40rk of families, the Bumiantofts shop, The Welcome. and ongoing partnership with Teen Challenge and CAP. 5. Continued development of Splash Time and the reaching out to families in the local neighbourhood following the lifting of Covid-19 restrictions. 6. Work with our partner organisations to reach and support the local community. 7. Increase the pastoral care team within the thurch communty, to better serve the congregation. 8. Create and implement an ongoing Leadership Development Programme for stsff and volunteers. 9. We will continue to develop our employees through training and education. 10. Undertake activity to implement digital ways of working throughout the fflinistries of the church. The objects stated above are outworked In the activities set out below l. The Church has a regular attendance of around 800-1,200 adults and children through a single service on a Sunday. Each person is developed in their Christian faith by regular meetings. small groups. prayer meetings, bible stud.y and a variety of artivities to enhance their christy.an faith. 2. The Charity. through the ministries of The Church aims to bring change to various communities and provide services in pastoral care and counselling. In addTtion, it supports overseas workers in India, Holland/Germany. Kenya. and several other countries along WTth support for organisations financially %yho share the objettives of the charity through our missions giving- 3. The Church serves a multicultural congregation and gives support to many from across the Nations. It also serves those disadvantaged within 500ety and alms to increase their social integration into the church community. 4. The charity promotes the interests of soaal welfare amongst adults, childn, and young people directly or through partnering with other charities that share the same objectives such as Kidz Klub, Teen Challenge. Christians Against Poverty (CAP). Zarach, Spear and it offers its facilities for use by extemal organisations.
Bridge Street Pentecostal Church Operating as Bridge Community Church Report of the Trustees for the year ended 31 December 2021 Financial revlew The Trustees are satisfied with the charitable group's financial perf0mlan for the year ended 31 December 2021. During the year totsl income of the charity and its subsidiaries amounted to £896.138 12020 as restated £1,165, 137) and total expenditljre of the charity and its subsidiaries totalled £1,239.095 (2020 - £1.207,552). Net expenditure for the yeartotalled É342,957 (2020 as restated - £42.415)- Excluding depreciation net expenditure totalled £47,175 (2020 net income of £253.367). At the balance sheet date. the grp had total consolidated fvnds of £11,211,670 (2020 as restated £11.558,805). The Trustees consider that the financial position of the charity is satisfartory. The trading subsiiiiary companies, BSPC Trading Limited. and BCC Leeds Trading Ltd. provide conference facilities. let out rooms, car-parking spaces and provide other Servi5. PTior year adjustment A prior year adjustment, increasing opening restricted reserves by £77.000 and reducing opening general reserves by £12.607 has been posted and details of this adjustment is included in note 19 to the financial statements. As this adjustment is to restritted funds the prior year adjustment has no impact on the free reserves of the charity. Reserves policy The charity had free reserve5 of £296,960 at 31 Dember 2021 (2020 as restated £321.501). The Trustees have established a policy whereby the free reseNes hel¢J by the chartty should be equivalent to 3 months. forecast running costs (approximately £215,000). The free reserves are currently above this and the Twstees are satisfied with their current level. Statement of disclosure to the auditor The Trustees of the company who held office at the date of approval of this annual report confirm that: so far as they a aware. there is no relevant audit information, information needed by the company's auditors in connertion with preparing their report, of which the company's auditors are unaware- and they hove taken all the steps that they ought to have taken as Trustees in order to make themselves aware of afty relevant audit information and to establish that the company's auditor5 are aware of this information. Auditors Azets Audit SeNices Limited were appointed auditor to the Charity following their acquisition of the trade of Garbutt & Elliott Audit Limited on l December 2021. Azets Audit Services Limited have indicated their willingness to stand for reappointment at the forthcoming Annual General Meeting. statement of Trustees responsibilities Charity law requires the Trustees to prepare finanaal statements for each financial year whlch give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity for that period. In preparing those financial statements the Trustees are required to- select suitable accounting poliaes and then apply them consistently: obseNe the methods and prinaples in the Charities SORP: make judgments and estimates that are asonable and prudent- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepa the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in business.
Bridge Street Pentecostal Church Operating as Bridge Community Church Report of the Trustees ft•r the year ended 31 December 2021 7he Trustees are responsible for keeping proper accountlng records whlch disdose wlth reasonablè accuracy at any time the financial posiuon of the charity ènd eftable them to ensu thèt thÈ finanoal statements comply with the Companies Art 2006. They are a150 responsit¢le for safeguardlng.the ssets of the charity and hence for takfjng reasonable step5 for the prevention and detettion of fvaud and other Irregularities. Small Eornpany rules Thls report has been prépared In accordance with the spÈcial pmvtsions relabrbg to tompanles subJecL to the small companies re9ime within Part 15 of the Companies kt 2006. Approved by the 5 and signed on their behalf by: Chalr of Trnstees 1.&.19(4 io
Bridge Street Pentecostal Church Operating as Bridge Community Church Independent Auditor's Report to the Members of Bridge Street Pentecostal Church Opinion We have audited the financial statements of Bridge Street Pentecostsl Church Y4hich comprise the statement of financial activity, charity and consolidated balance sheet, consolidated statement of cash flows and the notes to the finanaal statements. including a summary of significant accounting policies. (the -parent charityl and its subsidiaries (the "group? for the year ended 31 December 2021. The financial reporting framework that has been applied in their pparatIOn is applicable law and United Kingdom Accounting Standards. including Finanaal Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Prartice). In our opinion, the financial statements: give a true and fair view of the state of the group's and parent tharitable company's affairs as at 31 December 2021 and of its income and expenditure for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Prartice. have been prepared in accordan with the reqU1ments of the Cornpanie5 Act 2006. Basis for opinion We condurted our audit in accordance with 1nternab.onal Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are fijrther described in the Auditorfs responsibilities for the audit of the financial ststements section of our report. We are indeper)dent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtalned is suffficlent and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have conduded that the Trustees, use of the going concern basis of accounting in the ppatIOn of the finanaal statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast signifjcant doubt on the charity's and its subsidiaries, ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern a described in the levant settions of this report. other information The Trustees are responsible for the other infom)ation. The other information compri5e5 the information included in the annual report other than the financial statements and our auditorfs report thereon. Our opinion on the financial statements does not cover the other infomation and, except to the extent otherwise explicitly stated in our pOrt. we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other information and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemiine whether there is a material misstatement in the financial statemer)ts or a material misstatement of the other inforniation. If. based on the work we have performed, we conclude that there is a material misstatement of thi5 other information, we are required to report that fact. We have nothing to report In thls regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the infom)ab"on given in the Tru5tees' report for the financial year for which the financial statements are prepared is consistent with the financial statements. and the Trustee5' report has been P pa in accordance with applicable legal requirements. li
Bridge Street Pentecostal Church Operating as Bridge Community Church Independent Auditor's Report to the Members of Bridge Street Pentecostal Church (continued) Matters on which we are required to report by exptIOn In the light of the knowledge and understanding of the group and the parent charity and its environment obtained in the course of the audit. we have not identified material mi5Statements in the Trustees, Annual Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have nol been kept by the parent charity or retums adequate for our audit have not been received from branches not visited by u5- the parent charity's financial statements are not in agreement with the accounting e0rdS and returns: certabn disclosures of Trustees. remuneration specified by law a not made. or we have not obtained all the infomiation and explanations necessary for the purposes of our audit. Responsibilities of the Trnstees As explained more fully in the Trustees, responsibilities statement. the Trustees are responsible for the preparation of the financial statements and for being Satisfied that they give a true and fair view, and for such internal control as they deterrnine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the Trustees a responsible for assessing the group's and the parent charity's ability to continue as a going concern, disclosing* as applicable, matters related to going concern and using the going concem basis of accounting unless the Tnjstees etther intend to liquidate the group or the pant charity or to cease operations, or have no realistic altemative but to do so. Our responsibilities for the audit of the financial statements Our objertives are to obtain reasonable assuran atx)ut whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assuran is a high level of assurance. but is not a guarantee that an audit condutted in accordance with ISAS {UK) will always detect a material rnisstaternent when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the agggate. they could reasonably be expected to Influen the economic decisions of users taken on the basis of these finanaal statements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Counol's website at: www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. Extent to which the audit was capable of identifying irregularitie5, including fraud We identified areas of laws and regulation5 that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experien, through disCUSSlOn Wlth the Directors and other management, and from in5pertion of the charitable company's regulatory and legal correspondence. We discussed with the Trustees and other management the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our teaFn and remained alert to any indications of non-compliarbce during the audit. rhe charitable company and its Subsidiaries are subjert to laws and regulations that directly affect the financial statements including financial reporting legislation (including related companies and charities legislation), pensions legislation, taxation legislation and further laws and regulakn'ons that could indirectly affect the financial statements. comprising environmental, health and safety and employment legislation, and, in the current climate, Covid-19 regulations. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial 12
Bridge Street Pentecostal Church Operating as Bridge Community Church Independent Auditor's Report to the Members of Bridge Street Pentecostal Church (continued) statement items. Audrting stsndards limit the required audit prOre5 to identlfy non-complian with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any. These procedures did not identify any potentialfy material actual or suspected non-complian. To identify risks of material misstatement due to fraud we considered the opportunities and incentives and pressures that may exist within the charitable company to commit fraud. Our risk assessment procedures induded: enquiry of Trustees and other management to understand the high level policies and procedures in place to prevent and detect fraud, reading Board minutes and considering performance targets and incentive schemes in Pla for management. We communicated idenlified fraud risks throughout our team and remained alert to any indications of fraud during the audit. As a result of these procedures we identified the greatest potential for fraud in the following areas: income recognition and in particular the risk that income is recognised in the wrong reporting period; Income given with restriction is not correctly recognised as stjch; that cash donated at Sunday Services may not have been fully recorded due to misappropriation: and 5ubjertive accounting estimates such as the valuation of speaalist freehold properties. Fraud risks arise due to having cash in the charitable company and due to a potential desire to present differing results to support the strategy of management and Trustees. As required by auditing standards we also identified and addressed the risk of management override of controls. We perfornied the following pmcedures to address the risks of fraud identified: identifying and testing high risk journal entries through vouching the entries to supportin9 documentation. ond assessing significant accountlng estimates for bias; and testing the COgnIts.On of income and in partiojlar that it Was appropriately recognised or deferred. and testing tlie control environment around cash takings, including segregation of duties and daily cash reconciliatlons- and review of minutes of Trustee meetings. Owing to the Inhent limitations of an audit. there is an unavoidable risk that we rnay not have detected some material misstatements in the financial statements. even though we have properly planned and perfomied our audit in accordance with audrting standards. For example, the further removed non-compliance with laws and regulation5 15 from the events and transartions reflected in the financial statements, the less likely the ]nhentlY limited procedures required by auditing standards would identify it. In addition, as Wlth any audit, there remained a higher risk of non-detection of fraud, as these may involve collusion, forgeryi intentional omissions. MispresentatIOns, or the override of internal controls. Our audit procedures are designed to detett material misstatement. We are not responsible for preventing non-complian or fraud and cannot be expected to detect non- compliance with all laws and regulations. 13
Bridge Street Pentecostal Church Operating as Bridge Community Church Independent Auditor's Report to the Members of Bridge Street Pentecostal Church {continued) Use of our report This report is made solely to the Charity's member5, as a bodys in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charity's members those matters we are requId to state to them in an auditor's report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the Charity's members as a body* for our audit work, for this report, or for the opinions we have formed. A/Ark6/6 Laura Masheder {Senior Statutory Auditor) For and on behalf of Azets Audit SeNices Limited 2610912022 Triune Court Monks Cross Drive York Y032 9GZ 14
Bridge Street Pentecostal Church Operating as Bridge Community Church Consolidated Statement of Financial Activities for the year ended 31 December 2021 As restated Total 2020 Unrestrlrted Restrlcted Deslgnated Funds Fundg Funds Total 2021 Income from: Donztions and legacies other Charltable A¢tfvtt6es 704,220 119,198 704.220 119,198 860,731 218,483 other trading activAtles." Trading activities Invest•nent&' Interest Re[vable Total Income 72.689 72,689 85,492 31 31 896 138 43L 1 165 137 Expendlture on: Ralsln9 funds." Trading artivities Charitable activlties Total e enditure 134,917 795 120 930 037 134.917 239.130 1 104 178 239 130 1 239 095 138,472 1.069 080 1 207 552 Net ex endlturt Taxation Net movement Sn funds Transfers betheen funds Fund5 brou ht forward Funds carried for4Yard 342 957 (38,077) {69.928} {239,130) {347,135) 144,347) 720 935 10 760 870 11 558 15 11 603 152 10521 740 11 211 670 11 558 805 13 The notes on pages 19 to 31 forni part of these Finanoal Statements. All income and expenditure derive from continuing activities. A fully detailed Statement of Financial Activities for the year ended 31 December 2020 is shown in note 20 of the financial statements. There were no recognised gains and losses for the year to 31 December 2021 and for the year to 31 December 2020 other than those in the statement of financial attivities. The statement of financial activities also complies with the requirements for an income and expenditure accounts under the Companies Act 2006. 15
Bridge Street Pentecostal Church Operating as Bridge Community Church Charity Balance Sheet as at 31 December 2021 As rertated 31 Decernber 2020 Notes 31 December 2021 Pixed assets Inv&tments Tangible fixed assets io 10.909,140 11,147,934 Current assets Debtors Cash at bank and In hand Total current assets li 22.517 281 816 304.333 113,249 314 359 427.608 Llabllities Credltors falling due withln one eèr Nel current assets 12 281,483 401.116 Net assets 11 190624 11 549 051 Ftsnds: Restrlcted funds Unrestricted fund$ General funds Desi nated fund Total charl funds 77,000 668.884 10 521 740 11 190 624 711,181 10 760 870 11 549 051 14 The financlal st4tements whith have been prepared in accordan with the spectal provisrons relating to companies subjett to the small compan4És regime within Part 15 of the Companies Art 2006 were approved by the TrUee$ and signed on its bthalf. Mr Craig Inwood Chalr of Trustees The notes on pages 19 to 31 fom part of these finanoal statemen Company Number: 05855166 16
Bridge Street Pentecostal Church Operating as Bridge Community Church Consolldated Balance Sheet as at 31 December 2021 As restat•d . 31 December 2020 Notes 31 December 2021 Fixed assets Tangible fTxed assets io 10.914.710 11,160,304 Current assets Debtors Cash at bank and in hand Total current assets li 35.673 298 928 334,601 81.319 361 $08 442,827 Llabillties Credltors falling due within one ear Net current assets Iz 296.960 396,501 Net assets 11 211670 11 558 805 Funds: Restrlcted funds 13 Unrestrfcted funds: General fun¢Js Desi nated Funds Total tunds 689,930 10.521 740 11 211 670 720,935 10 760 870 11 558 805 13 The finanoal statements which have been prepared In accordance with the special provisions relating to companies subjett to the small mrnpanies regime wlthln Part 15 of the Companles Att 20D6 were approved by the Trustees and *gned on its behalf. Mr raig nwoo Chalr of Trustees Dats: . L61. 9.1 i<.... The note% orh pages 19 tt> 31 form part of these finandal statements. Company Number. 05855166 17
Bridge Street Pentecostal Church Operating as Bridge Community Church Consolidated Statement of Cash Flows for the year ended 31 December 2021 Restated 2020 Note 2021 Cash flows from operating activities: 16 (12.423) iio,ooi Cash flows from investing activities: Purchase of fixed assets Loss on disposal of fixed assets Interest received Net cash used in investin (50.188) (16,382) 2,677 431 31 activities (Decrease) / Increase in cash and cash equivalents Cash and cash e uivalents at the be innin of the Total cash and cash e uivalents at the end of the (62,580) 361 508 298 928 96,727 264 781 361 508 ear ear 18
Bridge Street Pentecostal Church Operating as Bridge Community Church Notes to the Financial Statements for the year ended 31 December 2021 Accounting polldes The principal accountin9 poliae5 adopted, Judgements and key sources of estimation UnrtaInty in the preparation of the ffinancial statements a as follows- Company inforniatlon Bridge Street Pentecostal Church is a Company Limited by Guardntee under giStratIon 05855166 and is also a registered charity in England and Wales under registration number 1115680. The registered office is Bridge Community Church, Rider Street, Leeds, LS9 7BQ. The goveming document of the company is its Memorandum and Articles of A550ciation. The Company is a Registered Charity without share capital. The liability of members. in the event of winding Upi is limited by guarantee in an amount not exceeding £1 per meFnber. Basi5 of preparatlon The financial statements have been prepared on a going concern basis in accordance with Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effertÉve l January 2019) (Charities SORP(FRS 102)), the Financial Reporting Standard applicable in the UK and Ireland (FRS 102) and the Companies Art 2006 and the Charities Att 2011. The particular accounting poliaes adhered to are described below. On the grounds that the charitable company's results are con501idated into the charitable company's group financial statements the charitable company has taken advantage of certain exemptions conferred by FRS 102 as follows- Exemption from presenting a statement of cash flows as a primary statement to the financial statements. Bridge Street Pentecostal Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at cost or transaction value unless Otherwise stated in the relevant accounting policy notes. The financial statements are prepared in sterling which is the functional currency of the group. Monetary amounts in these financial statements are rounded to the nearest £1. Group financial statements The financial statements consolidate the results of the charity and its wholly owned subsidiaries BSPC Trading rnited and BCC Leeds Trading Ltd. on a line by line basis. A separate Statement of Financial Activities or Income and Expenditure Account for the charity is not presented because the Charity ha5 taken advantage of the exemption afforded by section 408 of the Companies Act 2006. The amount of the surplus or deficit for the year dealt within the charity's financial statements is disclosed in note 18. Going COnrn The Trustees have at the trme of approving the financial statements a reasonable expectation that the charity has adequate resources to conb.nue in operalional existen for the foreseeable future. Whilst the global economy has been significantly imparted by the COVID-19 virus, the charity still has considerable reserves, sufficient to meet its immediate requirements. Thus the Trustees have continued to adopt the going conrn basis of accounting in preparing the financial statements. Income Income represents all resources which become available to the charity but excludes realised and unrealised gains on investments. Grants, legaoes and donations and income tax recoverable on gift ald donations are recognlsed when the charity becomes entitled to receive the funds, when it is probable that the funds will be reiVed and that they can be measured with sufficient reliability. 19
Bridge Street Pentecostal Church Operating as Bridge Community Church Notes to the Financial Statements for the year ended 31 December 2021 Accounting Policies (Cont.) Income Investment income is recognised on an accruals basis and comprises interest receivable during the accounting period. In accordance with the Charity SORP and FRS 102 the value of seN1$ provided by general volunteers Is not included. Expenditure Expenditure represents all costs Incur In the course of the charity's activities but excludes losses on investments. It is included in the Statement of Financial Artivities fsoFA? on an accruals basis inclusive of any VAT that cannot be recOVed and has been classified under headings that aggregate all costs related to the category. All dirett costs have been allocated across the functional categories of resources expended in the Statement of Financial Activities. Charitable activity Charitable activity costs comprise those directly attributable to the delivery of the charitable artivities of the church. Support costs Support costs comprise of all non-attributable costs induding Finance. Human Resources, and Information Technology. These costs have been allocated across charitable attivities on the basis of time spent. staff costs The costs of short-temi employee benefits are recogni5ed as a liability and an expense where settlement of obligations does not fall within the same period. Fund accountln9 Funds held by the charitable group are either: Unrestricted fvnds - these fijnds can be used in accordance with the charitable objects at the discretion of the Trustees. Restrlcted funds - these fvnds 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 stricted purposes. Designated fund - these frJnds have been set aside by the Trustees for specific purposed. Tangible fixed assets Individual assets costing more than £200 are capitalised and induded at cost, or in cases where fixed assets have been donated to the Church. at valuation at the time of acquisltion. In cases where the historic cost has been unable to be obtained a pool value has been ascribed. Depreciation is calculated to write off the Cost of fixed assets (less expetted residual value) by equal instalments over their expetted useful economic lives as follows.. Motor vehicles Fixtures, fittings and equipment 25% straight line 20% - 50Wo Straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the a55et and is credited/charged to the SOFA. Specialist freehold land and buildings used in the course of meeting the objects of the charity are included at depreciated replacement based on a valuation provided by an independent qualified suNeyor. 20
Bridge Street Pentecostal Church Operating as Bridge Community Church Notes to the Financial Statements for the year ended 31 December 2021 Accountlng Policies (Cont.) Tangible flxed assets {continued) Other freehold land and buildings are held at depreciated costs. Freehold land is not depreciated. Financlal Instruments The group has elected to apply the provislons of Section 11 'Basic Finanoal Instruments, and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its finanoal instruments. The Charity only has financial assets and liabilities of a kind that qualify as basic financial instruments in accordance with section 11 of FRS 102. Basic financial instnjments are initially recognised at transaction value and a subsequently measured at their settlement value. Cash at bank and in hand Cash at bank and cash in hand indudes cash and short temi highly liquid investments with a short maturity held for working capital. Any bank overdrafts are shown within borrowing in current liabilities. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid. Financial assets, other than those held at fair value through profit and loss, are assessed for Sndicators of impairment at each reporting end date. Financial assets are impaired where there is objective evidence that, a5 a result of one or more events that occurred after the initial recognition of the financial asset. the estimated future cash flows have been affected. Any impaim)ent loss is recognised in the Income and expenditure account. Creditors. loans and provlsions Creditors, loans and provisions are recognised where the charitable group has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors, loans and provisions are nomially recognised at their settlement amount after allowing for any trade discounts due. Financial liabilities are only derecognised when. and only when, the charity's obligations are discharged, cancelled or they expire. Amounts recognised as provisions are best estimates of the consideration required to settle the present obligation at the repK>rting erbd date. taking into account the risks and uncertainties surrounding the obligation. Pension costs Principal staff are eligible for membership of the Elim Ministers. Pension Fund which is a defined benefit scheme adminiSted on behalf of Elim Pentecostal Churches. It is not possible to identify the Church's share of the underlying assets and liabilities. the scheme is therefore accounted for as a defined contribution scheme, pension costs charged in the Statement of Financial Attivities repsent the contributions paid by the church during the year. Other defined contribution pension schemes are made available to all other staff. One employee is a member of The Pensions Trust Growth Plan Series 4, a multi-employer money purchase defined contribution stheme, which replaced The Pensions Trust Growth Plan Series 3 defined benefit scheme that the employee had previously paid into. The employer contributions to the Series 4 scheme are charged to the Statement of Financial Activities each year. 21
Bridge Street Pentecostal Church Operating as Bridge Community Church Notes to the Financial Statements for the year ended 31 December 2021 Accounting Policies (Cont.) Operating leases Rentals payable under operating leases, including any lease incentives Ceived. are charyed to the Statement of Financial Activities on a straight-line basis over the lease term. Taxation Bridge Street Pentecostal Church is a gIStered charity and as such is a charity within the meaning of schedule 6 of the Finance Act 2010. Accordingly. it is potentially entitled to tax exemption under part 11 of the Corporation Tax Art 2010 or settion 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising. Its trading subsidiarie5 are liable to corporation tax on its thargeèble profits. Current tax, including UK Corporation and foreign tax, is provided at amounts expected to be paid (or Covered) using the tax rates and laws that have been enarted or sub5tanlially enacted at the balance sheet date. As all profits arising in the subsidiaries were gift aided to Bridge Street Pentecostal Church in both the CUrAt and prior financial year. no corporation tax arises. Crltical accountin9 estimates and Judgements In the application of the gmup's accounb.ng polioes. the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabillties that are not readily apparent from other sources. The estimates and associated assumptions a based on historical experience and other fartors that are considered to be relevant. Actual results rnay differ from these estimates. The estimates and undedying assumptiorTrs are reviewed on an ongoing basis. Revisions to accounting estimates are CogniSed in the rIOd in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The estimates and assurnptions that have a significant risk of causing a material adjustment to the carrying amount of a55ets and liabilities are outlined below. Critical judgements Depreciation of Tangible Assets." Depreciation polioes have been set according to management's eXperIen of the useful Ilves of the assets in each categoryi something that is reviewed annually. The Trustees have revalued the freehold land and buildings which are utÉlised operationally by the churdi on a depreciated replacement cost basis. Given the specialist nature ofthe operational land and buildings this is considered the most appropriate basis of valuation. Depreciated replacement cost represents the cost to the charity lo replace the undedying assets in their current condibon. Depreciated replacement costs may not equate to fair market value.
Bridge Street Pentecostal Church Operating as Bridge Community Church Notes to the Financial Statements for the year ended 31 December 2021 Donations and legacie5 Unrestricted Restrirted Funds Funds 2021 Unrestricted Restri¢ted Total Funds Funds 2020 Total Church offerings Legacies Other donations Gift-Aid on donations Other 585,188 762 585,188 762 605,498 124,200 5,000 605,498 124,200 5,000 106,815 106,815 115.202 115.202 704 220 704 220 860 731 860.731 The charity benefits greatty from the involvement of its many volunteers, and in accordance with FRS 102, the economic benefit of volunteer5 is not recognised in the financial statements. Other Charitable Activities restated restated reststed 2021 Unrestrithd Restricted 2020 Total Funds Funds Total Unrestrlrted Restrlcted Funds Funds Coronavinjs job retention scheme LCC Covid-19 Grant (BSPC Trading Limited) LCC Covid-19 Grant (BCC Leeds Itd) Church Revitslisatlon LCC Covid-19 Grant Covid-19 testing centre Room ntaI 48,454 48,454 92.146 92,146 16,572 16,572 25.000 25,000 17,431 17,431 70,000 70,000 10.000 11.171 10.000 11.171 30.201 30,201 119 198 119 198 148 483 70.000 218 483 Investment income Unrestrlrted Funds 2021 Total Ilnrestrlrted Funds 2020 Total Interest receivable: Bank interest 31 31 431 431 23
Bridge Street Pentecostal Church Operating as Bridge Community Church Notes to the Financial Statements for the year ended 31 December 2021 Expendlture Basls of allocation Cost ol ralslng fvnds Mlnistry and missions 2021 Total Costs directly allocated to activities: Dirett staff costs Home and foreign missions Other ministry expenses Light and heat Rent, rates and water Insurance Repairs and security Caterlng expenses Training and development Telephone Travel and parking Motor expenses Cleaning and incidentals De reetation Direct Direct Direct Direct Direct Dirert Dirert Dlrert Dlrert Direct Direct Direct Direct Direct 53,019 206,813 100,283 15,644 39,217 15,159 21,915 78,944 2,260 9,157 8,371 56 1,190 15,899 284,331 799 239 259,832 100,283 15,644 40,188 16,642 22,345 89,379 2,260 9,157 8,611 56 1, 190 16.240 295 782 877 609 971 1.483 430 10.435 240 341 Support Costs allocated to activitles: Support staff costs Legal and professional Administration expenses Audit and accountancy Miscellaneous urchases Staff time Direct Usage Direct Direct 246,984 246,984 548 73,694 10,380 548 41.104 1,500 32,590 8,880 304 939 1 104 178 361 486 1 239 095 134 917 Included within home and foreign mlssjons expenditure of £100.283 is restrirted expenditure of £69.928. All other expenditure is unrestrirted. 24
Bridge Street Pentecostal Church Operating as Bridge Community Church Notes to the Financial Statements for the year ended 31 December 2021 5. Expenditure (Continued) Basis Qt allocation Cost of rnising funds Ministry and Isslons 2020 Total Costs directly allocated to actlvlties: Direct staff costs Dirert Home and foreign missions Direct Other ministry expenses Direct Light and heat Dirett Rent, rates and water Dirett Insurance Direct Repairs and security Direct Catering expenses Dirert Training and development Dirert Telephone Direct Travel and parking Direct Motor expenses Direct Cleaning and incidentals Direct De reciation Dirert 64.650 233,516 74,819 io,ioi 298,166 74,819 11,151 21,363 28,258 21,765 71,586 3,109 6,270 3.677 359 1,832 16,248 292 545 851 148 1,050 21,765 62,454 3,109 6,270 3,420 359 1,832 16,248 282 256 765 770 9,132 257 10,289 85.378 Support costs allocated to activities: Support staff costs Legal and professional Administration expenses Audit and accountancy Miscellaneous urchases staff time Direct Usage Dirert Dlrect 266,668 266,668 1,104 40,463 9,558 1,104 25,792 1,500 24,698 14,671 8,058 303 310 1 069 080 356 404 1 2D7 552 138 472 All expenditure in the prior year was unrestricted. Net Income/{expenditure) for the year This is stated after tharging: 2021 Total 2020 Total Audltors. remuneration: Audit Accountancy 4,550 1,640 4,000 1.560 De reciation of owned assets 295 782 292 545 Trustee infomiation The charity Trustees were not paid, reimbursed for expenses and did not re1ve any employee benefits from the charity or its 5ub5idiaries in the year (2020 - £nil). No charity Tnjstee received payment for professional or other services supplied to the charity (2020 £nil). Staff costs 2021 2020 Staff costs in the year amounted to: Wages and salaries Employer's social security costs Pension costs 486,329 26,874 33,562 546 765 559,987 29,717 625 065 25
Bridge Street Pentecostal Church Operating as Bridge Community Church Notes to the Financial Statements for the year ended 31 December 2021 Staff costs {continued} The average number of employees during the year and analysed by function was as folloY4s.' 2021 2020 Subsidiary Minist Total 22 25 23 29 No employee earned In eXsS of £60.000 per annum during the year. (2020: No employee eamed in excess of £60,000 per annum during the year). The key management personnel of the parent charity and the group cornprise the Tnjstees. Stephen Reilly, Andrew Lancaster, Andrew Lenton (until February 2021) and Bawa Leo (from September 2021). The total employee benefits of the key management personnel of the charity were £104,560 (2020 £129,042). 9. Investments 2021 2020 Investments in subsidiaries The consolidated Financial Statements include the reyjlts of the charitable company's wholly owned trading subsidiaries: BCC Leeds Trading Ltd (company number 10282646), a company incorporated in England and Wales and limited by shares. Bridge Street Pentecostal Church owns the entire share capital in BCC Leeds Trading Ltd. BSPC Trading Company Limited (company number 07355760). a company incorporated in England and Wales and limited by guarantee. Bridge Street Pentecostal Church is the sole corporate member of BSPC Trading Company Limited. The trading results of the subsidiaries are summarised below- BCC Leeds Trading 2021 2020 BSPC Trading Company 2021 2020 Operating income CJRS grant Other rants Total income Cost of sales Gross profit Administrative ex Operating profit Tax Gift Aid donations to arent chari Retained Profit loss for the ear 110.233 10.003 107,869 16,298 1,239 11,870 137 667 124 167 9.047 115.120 107 369 7.751 124,272 114 563 9,709 17,811 21,219 enses 5,760 14,814 829 557 The assets and liabilities of the subsidiaries were- BCC Leeds Trading 2021 2020 BSPC Trading Company 2021 2020 Fixed assets Current assets Current liabilities Total net assets 5,570 29,209 18,498 16,281 12.371 27. 173 6,151 20.756 45 re ate Sha ca ital and reserves 45 26
Bridge Street Pentecostal Church Operating as Bridge Community Church Notes to the Financial Statements for the year ended 31 December 2021 10. Tanglble flxed assets Freehold land & bulldlngs Speclalrst freehold land & buildingg Motor vehlcfes Furnlture fittings & equipment Group Total Cost or valuation.. At l January 2021 Additions At 31 December 2021 120,000 11.000,000 12,009 489.584 11,621,593 11 032631 507 141 11 671 781 Depreciation: At l January 2021 Ch e for the ear At 31 December 2021 239.130 239 130 478 260 12,009 210.150 461,289 295,782 757 071 Net l>ook value: At 31 December 2021 At 31 December 2020 117.600 120 000 10,554 371 10 760 870 242 739 10 914 710 279 434 11 160 304 Freehold land bulldings Specialist freehold land & buildings Motor vehlcles FUrnIre fittlngs & equipment Charity Total Cost or valuatlon: At I lanuary 2021 Additions At 31 December 2021 120.000 11.000,000 12.009 444,857 11,576,866 11 032 631 457 764 11 622 404 Depreciation: At l January 2021 Ch e for the ear At 31 Dernber 2021 239.130 239 130 478 260 12.009 177,793 428,932 284 332 220 595 Net book value: At 31 December 2021 At 31 Dember 2020 117,600 120 000 10 554 371 10 760 870 237 169 10 909 140 267 064 11 147 934 The freehold land and buildings at Rider Street Leeds which comprise the propeity collertively known as Bridge Community Church, were valued professionally in 2019. Due to the specialrst nature of the assets depreciateiE replacement cost was considered to be the most appropriate basis of valuation. Freehold land of £545,000 (2020 - £545,000) is not depreciated. 27
Bridge Street Pentecostal Church Operating as Bridge Community Church Notes to the Financial Statements for the year ended 31 December 2021 11. Debtors Group Charity stated 2020 restated 2020 2021 2021 other debtors ments 27,769 74,634 14,613 106,564 35,673 22,517 113 249 12. Creditors: amounts falling due within one year Group 2021 Charity 2021 2020 2020 Trade cditorS Other creditors Taxation and social security Accruals 315 13,051 13.189 11,086 37,641 6.593 12,185 21,477 4,071 44,326 524 11.240 2,827 10,360 9,234 4,071 26,492 11,086 22,850 13. Movement in funds Balance l January Income Expenditure Transfers 2021 Balance 31 Decernber 2021 As at 31 December 2021 (Group) Unrestricted funds". Designated fund5 General funds Total unrestricted fund5 Restricted funds 10.760,870 720 935 896 138 11 481 805 896 138 {239.130) 934 215 1 173 345 10,521,740 689 930 11 211 670 Grou 11 558 805 896 138 1.243 273 11 211 670 Designated fund relates to the fixed assets utilised by the church. The value of the freehold land and buildings which psent £ll,000,000 of thi5 fund was revalued in 2019 on a depreciated replacement costs basis as disclosed in note 10 to the Finanaal Statements. Restricted funds relate to fvnds recelved from Church Revitalisation Trust to respond to the needs of the most vulnerable and rnarginalised people afferted by the COVID-19 crisis in the communities within England. As at 31 December 2020 (Group) (as Re-stated) Balance l January 2020 Balance Transfets 31 December 2020 Income Expenditure Unrestricted funds: Designated funds General funds 11,000.000 603 152 1 095 137 {239,130) 970 354 10,760,870 720 935 Restrlcted funds Grou 11 603 152 1 165 137 1 209 484 11 558 805 28
Bridge Street Pentecostal Church Operating as Bridge Community Church Notes to the Financial Ststements for the year ended 31 December 2021 14. Analysls of net assets by fund Tangible Net current fixed assets assets As at 31 December 2021 (Group) Total Unrestricted Funds General Designated Total funds 392.970 10,521,740 10 914 710 296,960 669,930 10,521,740 11 211 670 296 960 Tangible fixed assets Net current assets As at 31 December 2020 (Group) As Restated Unrestricted Funds General Designated Restricted Funds Total funds Total 399,434 10.760.870 321.501 720,935 10,760,870 77,000 11 558 805 77.000 398 501 11 160 304 Within designated funds is a revaluation reserve of £2,141,938 (2020 £2,381,068) from the 2019 revaluation of the freehold land and buildings at Rider Street Leeds. 15. Related party transactions {¢harity and group) Steve Rellly (Senior Pastor) is a Twstee of Kidz Klub, Teen Challenge UK Life Connertions and Horizon Llfe Training. The charity made donations to these four independent charities as follows- 2021 2020 Kidz Klub Teen Challenge UK Horizon Life Training Life Connections 834 500 4,170 2,000 500 Rebecca Lasseko is a Trustee of Leeds Mind. During the year BCC Leeds Trading Limited charged Leeds Mind £180 for seryices {2020 £nil). There was £180 owed from Leeds Mind to BCC Leeds Trading Limited al the year end (2020 - £nil). There are no other transactions in the Crnt or previous year which requlre disclosure in the financial statements. 15. Related party transactions (charity only) BCC Leeds Trading Limited is the subsidiary undertaking of the charity. The Charity wharged BCC Leeds Trading Limited £29,278 (2020 - £46,154) for staff costs and £7,992 (2020 £2,609) for recharged expenses. All amounts recharged were done so at the cost incurred to the charity. BCC Leeds Trading Lirnited made a covenanted donation of £5.092 (2020 - £16,510) to the church. The Church paid 8CC Leeds Trading Limited £22.273 (2020 - £19,418) for recharged expenses. BSPC Trading Lirnited is the subsidiary undertaking of the charity. The Charity recharged BSPC Leeds Trading Limited £2,69412020 - E300) for recharged expenses. All amounts recharged were done so at the cost incurred to the charity. BSPC Trading knmited made a covenanted donation of £nil (2020 £16,200) to the church. There are no other transactions in the current or previous year which require disclosure in the financial statements. 29
Bridge Street Pentecostal Church Operating as Bridge Community Church Notes to the Financial Statements for the year ended 31 December 2021 16. Reconoliation of net movement In funds to net cash flow from operating actlvltles As re-stated 2020 2021 Net movement in fund5 (342,957) {42,415) AdJustments for: Interest received Taxation charged DepciatIOn Non cash fixed asset additions (legacy gift) Decrease / (Increase) in debtors Decrease in creditors and rovisions Net cash rovided b eratin attivities (31) (4,178) 295,782 {431) {1,932} 292.546 (120,000} (14,312) 45,646 iio ooi 17. Reconoliation of net debt All cashflows in the Current year originated from cash held at bank and in hand. The charity has not used or held any extemal debt facilities in this period or the prior period. 18. Surplus/(defJcit) of the parent charitable company As required to be disclosed by Sertion 408 of the Companies Act 2006 the deficit of the parent charitable company for the year was £358.426 (2020 - £2,239 (deficit)) 19. Prior year adjustment Adjustments have been made to prior year figures in relation to income due from the ChLJrch Revitalisation Fund and although not received until 2021 should have been classified as accrued restricted income in the 2020 accounts. This adjustment has had the effect of increasing closing funds and debtors by £64,393. Restricted Funds General Designated Funds Funds Total Opening reserves as previously reported 733,542 10.760.870 11,494.412 Prlor year adjustment: Accrued Church Revitalisation Grant {"CRG Reclasssficats"on of CRG ceiVed ReclassÈfication of CRG 'match' funding Restated o enin reserves 64.393 5,607 7,000 64,393 (5,607) (7,000) 720 935 10 760 870 11 558 805 30