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← Bridge Street Pentecostal Church

2024-12-31-accounts

Company number 05855166 Charity number 1115680

Bridge Street Pentecostal Church T/A Bridge Community Church (A Company Limited by Guarantee)

Annual Report and Financial Statements For the year ending 31 December 2024

Bridge Street Pentecostal Church T/A Bridge Community Church

Contents

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||| |---|---| |Page| |Report of the Trustees ....................................................................................................... 3| |Independent Auditor|s Report ............................................................................................. 10| |Consolidated Statement of Financial Activities ...................................................................... 13| |Charity Balance Sheet ....................................................................................................... 14| |Consolidated Balance Sheet ............................................................................................... 15| |Consolidated Statement of Cash Flows ................................................................................ 16| |Notes to the Financial Statements ....................................................................................... 17|

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Bridge Street Pentecostal Church T/A Bridge Community Church

Report of the Trustees for the year ended 31 December 2024

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 December 2024 which are also

The financial statements comply with the Charities 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) (effective 1 January 2019).

Reference and Administrative Details

Charity Number: 1115680 Company Number: 05855166 Registered Office: Bridge Community Church Rider Street Leeds LS9 7BQ Email: Info@bccleeds.org Website: www.bccleeds.org Bankers: Barclays Bank 45 Oxford Road Guiseley Leeds LS20 8AE Auditor: Azets Audit Services Limited 12 King Street Leeds LS1 2HL Company Secretary: Leigh Richmond

Key management personnel

The directors of the charitable company are 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 (resigned 2 July 2024) Mr O Osarollor Mr C C Inwood Dr O Rotimi Mrs C Roberts Mr C Olowosuko Mr D P Bohorun

Principal staff

Pastoral team: Rev S Reilly (Senior Pastor) Rev A Lancaster (retired April 2025) Rev B Leo Rev J Richmond

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Bridge Street Pentecostal Church T/A Bridge Community Church

Report of the Trustees for the year ended 31 December 2024

Structure, governance and management

Bridge Street Pentecostal Church Ltd (T/A 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 articles of association. The company was established under a memorandum of association, which established the objects and powers of the charitable company and is governed 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 objects of the charitable company are primarily worked out through the ministries of Bridge Community Church, its congregation, and volunteers, as directed and supported by the employees and resources of the company.

Bridge Community Church (The Church) has been operating at its site since June 2016. It has a regular attendance of around 800-1,200 people at its Sunday services 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 Trustees 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 appointment of Trustees.

The Directors of the company are also Trustees of the charity. The Trustees who served during the period under 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 expenses reclaimed by Trustees from the charity are set out in note 7 to the financial statements.

Conflicts of Interest

The charity maintains a conflict of interest register which is reviewed at regular intervals. All conflicts of interest are assessed at each board meeting according to agenda and controls exercised appropriately.

Induction and training of Trustees

Policies are subject to ongoing review for the induction and training of Trustees. A single director, Dr Lasseko resigned following 13 years of service to the church. The board extends its gratitude to Dr Lasseko for her service to the church. No changes occurred to company directors during the reporting period.

Remuneration policy for senior staff

The charity 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, data protection and the Fundraising Preference Service (FPS) to make sure we are legally compliant and adhering to all guidelines.

No complaints have been received in the year 2024 in connection with fundraising and any queries are managed with due diligence.

Investment

No investment has taken place in the reporting period.

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Bridge Street Pentecostal Church T/A Bridge Community Church

Report of the Trustees for the year ended 31 December 2024

Risk management

The Trustees have carried out ongoing assessments of the charity opportunities available to the charity and the risks to which it is exposed. . These assessments are held in a company risk register and are reviewed at regular intervals.

The principal risks and uncertainties faced by the charity at the time of writing are as follows:

Objectives and activities

The church has reported one reportable incident in this reporting period to the Charity Commission as required. The incident has been acknowledged and signed off by the Commission. Learning and actions have been implemented .

Objectives and activities

  1. The advancement of Christian faith.

  2. To relieve poverty, hardship, sickness and disease.

  3. To assist in the treatment of those in need.

  4. To promote the interests of social welfare amongst adults, children, and young people through activities such as regular church services, community café, The Welcome, Domaine tion, we

partner with Kidz Klub, Teen Challenge, Christians Against Poverty, Resurgo (Spear) and Zarach who are all either hosted or active within the vicinity of the Church.

  1. The church offers its facilities for hire by external organisations such as the NHS, other businesses, charities and other Church groups.

When reviewing the aims and objects 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.

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Bridge Street Pentecostal Church T/A Bridge Community Church

Report of the Trustees for the year ended 31 December 2024

Achievements and performance

The charity achieved the following objectives in line with its charitable objectives:

  1. The Church continues to deliver its primary ministry in its facility on Rider Street, Burmantofts through a combination of weekly in situ Sunday gatherings which are also broadcasted online for those infirmed or unable to attend in person.

  2. The Church has moved to three services on a Sunday continuing to provide ministries to all age groups at all three service times. This has alleviated pressure on space and availability of child places in the various children's age group meetings. In doing so, it has also made space for more congregants to attend the main meeting. Substantial effort was made to put this in place and the board expresses its gratitude to all who made it possible.

  3. Conference and room hire continued during the year at increased levels with continued high levels of customer satisfaction. The conferencing team welcomed a new staff member.

  4. The Discipleship track continued to run during the year in person at the church, multiple courses have been offered, Alpha explores the Christian faith and what it means to be a Christian, Freedom in Christ helps Christians understand their identity in Christ, break free from negative patterns, and experience personal transformation.

  5. Through the partnership with CAP, the church has been able to offer the CAP Life Skills course and CAP Money Coaching course.

  6. Locally the Church continues to partner with charities Kidz Klub, Resurgo (Spear) and Zarach to reach the local community. We believe that partnering with other organisations who share our heart and objectives is important to achieving our goals.

  7. The church continues to host the Kidz Klub Central Klub which welcomes hundreds of children from around Leeds. We also host multiple ESOL classes and wellbeing sessions for 50-60 female asylum seekers and refugees every week.

  8. Spear has continued to operate in partnership with BCC, they coach young people who are not in employment, education, or training (NEET), with necessary skills and confidence to seek gainful employment. Over an intensive six-week coaching programme, and a year of follow-on support, these young people are equipped with the skills, mindsets and resources needed to thrive in longterm work.

  9. We have run Messy Church, Family Film Nights, holiday clubs and other events to reach out to our network of families, presenting opportunities to interact with the church and better understand the Christian faith.

  10. In line with the three main church meetings, Youth & Children's ministry continues via 10 dedicated departments running on Sundays across the month The ministry provision for children and young people with special educational needs and disabilities has continued to grow - now 6 sessions offered per month instead of the 4 previously. This Summer we also offered respite sessions for those whose parents have little to no family support, and/or who are not in any educational setting. This was very gratefully r something we are keen to explore expanding from next summer.

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Bridge Street Pentecostal Church T/A Bridge Community Church

Report of the Trustees for the year ended 31 December 2024

Achievements and performance (continued)

extension to the discipleship courses we run from October to March for children and young people in school years 5 to 12. Growing On was designed to be a place where the young people could bring their friends time for the young people to share their faith. This was well attended, and hopefully something we can revisit Spring/Summer 2026.

We continue to see growth in our Ignite Youth Worship department with approximately 30 young people attending practices each week. Ignite have been involved with 'special' church services, e.g. anniversary service, youth service, etc; have organised 'youth worship' evenings for the congregation to attend, been Christmas carolling in Lincoln Green Square and organised and delivered a whole week of arts and praise summer school - allowing the young people the opportunity to learn about the arts, and discover new ways of worshipping. It's a blessing to see the young people grow in their musical skills and talents, and to be able to offer this to those who may not be able to access this outside of BCC.

At the Sunday sessions, children meet in departments which cater for 2 years 18 years. The activities in the groups vary according to the age but always includes games, fun, worship Bible teaching and small group discussions where we want our children to learn to Love God, Love Others and Love life. Using multimedia and teaching from our amazing group of staff and volunteers the children are known, engaged and very enthusiastic about attending each week!

Splashtime, our parent/ carer baby & toddler group continues to thrive offering multiple sessions per week to families at BCC or from the community. Our sessions of play, stories, singing, snacks provide families with a safe and secure place to come and make friends and be supported. Here they can use the free toy and book library to supplement their toys at home for a week. We have people who donate resources to us including clothes, baby equipment, toys, books etc so we give away these items each week to those in need of them. Splashtime families have also enjoyed Easter and Christmas parties, teddy bear picnics, summer stay n play days, and end of year graduation ceremonies!

It is a privilege to have so 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 welcome families from multiple nations!

  1. The ministry to young adults (18 35teaching, social activities, and online hangouts. It has been tremendous to see how this ministry has grown and is reaching more young adults.

  2. missions team continue to support local community through new and expanded, The Welcome, a shop in the Lincoln Green shopping precinct that currently sees approximately 50 guests a week, whilst working abroad by supporting Spread the Word Church in Chandigarh, Northern India. A growing gathering of believers reaching out to the city and beyond. Support is also provided to a couple who teach and equip others to go around the world from a college in the Netherlands, they are also establishing a community of believers locally to them, whilst also ministering in a local prison.

  3. The church has been privileged to launch a Spanish speaking church, serving the Spanish speaking community of Leeds. This new church meets weekly and makes use of the facilities at BCC.

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Bridge Street Pentecostal Church T/A Bridge Community Church

Report of the Trustees for the year ended 31 December 2024

Aims and objectives for 2025 onwards

Our vision is to grow as a biblically functioning community throughout the city of Leeds. Our objectives for the forthcoming year include: -

  1. Continue to embed the third service.

  2. Review our relationship with partner organisations and the use of BCC facilities.

  3. Continue to develop and grow the Young Adult ministry.

  4. Improve the way we appreciate, care and support volunteers that serve the BCC church family. Increased focus on small group development to support and allow space for the congregation to grow together in a local setting.

  5. To see Burmantofts and Lincoln Green transformed through our links with local schools (St Peters and Shakespeare in particular) via the network of families, The Welcome community outreach, and ongoing partnership with Teen Challenge, CAP and Zarach.

  6. Continued running of Splash Time and the reaching out to families in the local

  7. Work with our partner organisations to reach and support the local community.

  8. Increase the pastoral care team within the church community, to better serve the congregation.

  9. Deliver ongoing Leadership Development Programme for staff and volunteers.

  10. We will continue to develop our employees through training and education.

  11. Undertake activity to implement digital ways of working throughout the ministries of the church.

The objects stated above are outworked in the activities set out below

  1. The Church has a regular attendance of around 800-1,200 adults and children at its three Sunday services since midyear 2025. Each person is developed in their Christian faith by regular meetings, small groups, prayer meetings, bible study and a variety of activities to enhance their Christian faith. Various courses are made available as part of the Church's discipleship track.

  2. The Company, through the ministries of The Church aims to bring change to various local communities and provide services in pastoral care and counselling. In addition, it supports overseas workers in India and Holland/Germany and other organisations financially who share the objectives 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 society and aims to increase their social integration into the church community.

  4. The company promotes the interests of social welfare amongst adults, children, 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 external organisations.

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Bridge Street Pentecostal Church T/A Bridge Community Church

Report of the Trustees for the year ended 31 December 2024

Financial review

The Trustees are satisfied with the charit financial performance for the year ended 31 December 2024.

During the year total income of the charity and its subsidiaries amounted to £1,536,280 (2023 - £1,287,848) and total expenditure of the charity and its subsidiaries totalled £1,740,445 (2023 - £1,603,604).

There was a gain on revaluation of fixed assets in the year of £31,480 (2023: £1,887,059)

Net movement in funds for the year totalled (£172,685) (2023 £1,571,303)

At the balance sheet date, the group had total consolidated funds of £12,371.252 (2023 - £12,543,937). The Trustees consider that the financial position of the charity is satisfactory.

The trading subsidiary companies, BSPC Trading Limited, and BCC Leeds Trading Ltd, provide conference facilities, let out rooms, car-parking spaces and provide other services.

Reserves policy

The charity had free reserves of £301,760 as at 31 December 2024 (2023 - £251,594).

The Trustees have established a policy whereby the free reserves held by the charity should be 283,000). The free reserves were slightly above this at the year end.

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Bridge Street Pentecostal Church T/A Bridge Community Church

Report of the Trustees for the year ended 31 December 2024

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:

Auditor

The auditor, Azets Audit Services Limited is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of Trustees responsibilities

Charity law requires the Trustees to prepare financial statements for each financial year which 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:

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Trustees and signed on their behalf by:

Mr Craig Inwood Chair of Trustees Date:

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Bridge Street Pentecostal Church T/A Bridge Community Church

Independent A Report to the Members of Bridge Street Pentecostal Church

Opinion

We have audited the financial statements of Bridge Street Pentecostal Church which comprise the consolidated statement of financial activity, charity and consolidated balance sheet, consolidated statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. ) and its for the year ended 31 December 2024. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

basis of accounting in the preparation of the financial 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 significant doubt on the charity's and ability to continue as a going concern 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 are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, 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 determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this 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:

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Bridge Street Pentecostal Church T/A Bridge Community Church

Bridge Street

Pentecostal Church (continued)

Matters on which we are required to report by exception

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 misstatements in

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:

Responsibilities of the trustees

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 determine 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 are responsible for assessing the parent c going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Extent to which the audit was capable of identifying irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

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Bridge Street Pentecostal Church T/A Bridge Community Church

Bridge Street

Pentecostal Church (continued)

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to opinions we have formed.

Jessica Lawrence (Senior Statutory Auditor) For and on behalf of Azets Audit Services Limited Chartered Accountants Statutory Auditor

12 King Street Leeds LS1 2HL

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Bridge Street Pentecostal Church T/A Bridge Community Church

Consolidated Statement of Financial Activities for the year ended 31 December 2024 (Incorporating Income and Expenditure Account)

**Notes ** Unrestricted
Funds		 Restricted
Funds		 Designated
Funds		 Total
2024		 Total
2023
£ £ £ £ £
Income from:
Donations and legacies 2 966,228 - - 966,228 934,357
Other Charitable Activities 3 20,338 101,669 - 122,007 35,654
Other trading activities:
Trading activities 433,427 - - 433,427 312,722
Investments:
Interest Receivable 4 3,499 - - 3,499 2,183
Other:
Management fees 11,119 - - 11,119 2,932
Total income 1,434,611, 101,669 - 1,536,280 1,287,848
Expenditure on:
Raising funds:
Trading activities 5 274,734 - - 274,734 229,714
Charitable activities 5 1,093,705 110,101 261,905 1,465,711 1,373,890
Total expenditure 1,368,439 110,101 261,905 1,740,445 1,603,604
Net expenditure 6 66,172 (8,432) (261,905) (204,165) (315,756)
Taxation - - - - -
Other recognised gains: -
Gain on revaluation of fixed assets 10 31,480 - - 31,480 1,887,059
Net movement in funds 97,652 (8,432) (261,905) (172,685) 1,571,303
Funds brought forward 565,078 9,859 11,969,000 12,543,937 10,972,634
Funds carried forward 13 662,730 1,427 11,707,095 12,371,252 12,543,937

The notes on pages 17 to 28 form part of these Financial Statements.

All income and expenditure derive from continuing activities.

A fully detailed Statement of Financial Activities for the year ended 31 December 2023 is shown in note 19 of the financial statements.

There were no recognised gains and losses for the year to 31 December 2024 and for the year to 31 December 2023 other than those in the statement of financial activities.

The statement of financial activities also complies with the requirements for an income and expenditure accounts under the Companies Act 2006.

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Bridge Street Pentecostal Church T/A Bridge Community Church

Charity Balance Sheet as at 31 December 2024

Notes 31 December 31 December
2024 2023
£ £ £ £
Fixed assets
Investments 9 1 1
Tangible fixed assets 10 12,043,002 12,287,951
Current assets
Debtors 11 49,614 59,140
Cash at bank and in hand 287,839 228,210
Total current assets 337,453 287,350
Liabilities
Creditors falling due
within one year 12 (39,554) (49,028)
Net current assets 297,899 238,322
Net assets 12,340,902 12,526,274
Funds:
Unrestricted funds
General fund 632,380 547,415
Designated fund 11,707,095 11,969,000
Restricted fund 1,427 9,859
Total charity funds 12,340,902 12,526,274

The financial statements which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 were approved by the Trustees and signed on its behalf.

Mr Craig Inwood Chair of Trustees

Date:

The notes on pages 17 to 28 form part of these financial statements.

Company Number: 05855166

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Bridge Street Pentecostal Church T/A Bridge Community Church

Consolidated Balance Sheet as at 31 December 2024

Notes 31 December 31 December
2024 2023
£ £ £ £
Fixed assets
Tangible fixed assets 10 12,068,065 12,292,343
Current assets
Debtors 11 82,384 73,561
Cash at bank and in hand 319,447 248,167
Total current assets 401,831 321,728
Liabilities
Creditors falling due
within one year 12 (98,644) (70,134)
Net current assets 303,187 251,594
Net assets 12,371,252 12,543,937
Funds:
Unrestricted funds:
General fund 13/14 662,730 565,078
Designated fund 13/14 11,707,095 11,969,000
Restricted fund 13/14 1,427 9,859
Total funds 12,371,252 12,543,937

The financial statements which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 were approved by the Trustees on 9 September 2025 and signed on its behalf.

Mr Craig Inwood Chair of Trustees

The notes on pages 17 to 28 form part of these financial statements.

Company Number: 05855166

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Bridge Street Pentecostal Church T/A Bridge Community Church

Consolidated Statement of Cash Flows for the year ended 31 December 2024

Notes 2024 2023
£ £
Cash flows provided by / (used in) operating activities: 16 125,522 (18,434)
Cash flows from investing activities:
Purchase of fixed assets (57,741) (31,886)
Interest received 3,499 2,183
Net cash used in investing activities (54,242) (29,703)
Increase / (decrease) in cash and cash equivalents 71,280 (48,137)
Cash and cash equivalents at the beginning of the year 248,167 296,304
Total cash and cash equivalents at the end of the year 319,447 248,167

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Bridge Street Pentecostal Church T/A Bridge Community Church

Notes to the Financial Statements for the year ended 31 December 2024

1. Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Company information

Bridge Street Pentecostal Church is a Company Limited by Guarantee under registration 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 governing document of the company is its Memorandum and Articles of Association. The Company is a Registered Charity without share capital. The liability of members, in the event of winding up, is limited by guarantee in an amount not exceeding £1 per member.

Basis of preparation

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) (effective 1 January 2019) (Charities SORP(FRS 102)), the Financial Reporting Standard applicable in the UK and Ireland (FRS 102) and the Companies Act 2006 and the Charities Act 2011. The particular accounting policies adhered to are described below.

On the grounds that the charitable company's results are consolidated into the cha group financial statements the charitable company has taken advantage of certain exemptions conferred by FRS 102 as follows:

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 Limited 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 has taken advantage of the exemption afforded by section 408 of the Companies Act 2006. The tatements is disclosed in note 18.

Going concern

The Trustees have at the time of approving the financial statements a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity has sufficient reserves to meet its immediate requirements. Thus the Trustees have continued to adopt the going concern 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, including government grants, legacies and donations and income tax recoverable on gift aid donations are recognised when the charity becomes entitled to receive the funds, when it is probable that the funds will be received and that they can be measured with sufficient reliability.

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Bridge Street Pentecostal Church T/A Bridge Community Church

Notes to the Financial Statements for the year ended 31 December 2024

1. 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 services provided by general volunteers is not included.

Expenditure

Expenditure represents all costs incurred in the course of the charity s losses on investments. It is included in the Statement of Financial Activities ) on an accruals basis inclusive of any VAT that cannot be recovered and has been classified under headings that aggregate all costs related to the category.

All direct 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 activities of the church.

Support costs

Support costs comprise of all non-attributable costs including Finance, Human Resources, and Information Technology. These costs have been allocated across charitable activities on the basis of time spent.

Staff costs

The costs of short-term employee benefits are recognised as a liability and an expense where settlement of obligations does not fall within the same period.

Fund accounting

Funds held by the charitable group are either:

Unrestricted funds these funds can be used in accordance with the charitable objects at the discretion of the Trustees.

Restricted funds these funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated fund these funds have been set aside by the trustees for specific purposed.

Tangible fixed assets

Individual assets costing more than £200 are capitalised and included at cost, or in cases where fixed assets have been donated to the Church, at valuation at the time of acquisition. 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 expected residual value) by equal instalments over their expected useful economic lives as follows:

Motor vehicles 25% straight line Fixtures, fittings and equipment 20% - 50% straight line Freehold buildings 2% 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 asset 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 value based on a valuation provided by an independent qualified surveyor. Freehold land is not depreciated. Other freehold land and buildings are held at depreciated costs.

19

Bridge Street Pentecostal Church T/A Bridge Community Church

Notes to the Financial Statements for the year ended 31 December 2024

1. Accounting Policies (Cont.)

Financial instruments

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term 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 indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as 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 impairment loss is recognised in the income and expenditure account.

Creditors, loans and provisions

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 normally recognised at their settlement amount after allowing for any trade discounts due.

Financial li discharged, cancelled or they expire.

Amounts recognised as provisions are best estimates of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation.

Pension costs

benefit scheme administered on behalf of Elim Pentecostal Churches. It is not possible to identify is therefore accounted for as a defined contribution scheme, pension costs charged in the Statement of Financial Activities represent the contributions paid by the church during the year.

Other defined contribution pension schemes are made available to all other staff.

Operating leases

Rentals payable under operating leases, including any lease incentives received, are charged to the Statement of Financial Activities on a straight-line basis over the lease term.

20

Bridge Street Pentecostal Church T/A Bridge Community Church

Notes to the Financial Statements for the year ended 31 December 2024

1. Accounting Policies (Cont.)

Taxation

Bridge Street Pentecostal Church is a registered 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 Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising.

Its trading subsidiaries are liable to corporation tax on its chargeable profits. Current tax, including UK Corporation and foreign tax, is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantially enacted at the balance sheet date. As all profits arising in the subsidiaries were gift aided to Bridge Street Pentecostal Church in both the current and prior financial year, no corporation tax arises.

Critical accounting estimates and judgements

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, 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 assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Critical judgements

Depreciation of Tangible Assets:

Depreciation policies have been set according to management's experience of the useful lives of the assets in each category, something that is reviewed annually.

The Trustees have revalued the specialist freehold land and buildings which are utilised operationally by the church on a depreciated replacement cost basis. Given the specialist nature of the operational land and buildings this is considered the most appropriate basis of valuation. Depreciated replacement cost represents the cost to the charity to replace the underlying assets in their current condition. Depreciated replacement costs may not equate to fair market value.

2. Donations and legacies

2024 2023
Total Total
£ £
Church offerings 807,151 774,438
Legacies - 10,000
Other donations 29,556 26,746
Gift-Aid on donations 129,521 123,173
966,228 934,357

All income from donations and legacies in the current and previous year were unrestricted.

The charity benefits greatly from the involvement of its many volunteers, and in accordance with FRS 102, the economic benefit of volunteers is not recognised in the financial statements.

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Bridge Street Pentecostal Church T/A Bridge Community Church

Notes to the Financial Statements for the year ended 31 December 2024

3. Other Charitable Activities

Unrestricted Restricted 2024 Unrestricted Restricted 2023
Funds Funds Total Funds Funds Total
£ £ £ £ £ £
Forum Central - 5,000 5,000
Voluntary Action Leeds - 1,000 1,000 - 1,000 1,000
Veolia - 1,500 1,500
Housing Support Fund - 6,400 6,400 - 20,824 20,824
The Liz and Terry Bramall
Foundation - 80,000 80,000
Other grants - 7,769 7,769 - 687 687
Other income 2,130 - 2,130 150 - 150
Room rental 18,208 - 18,208 12,993 - 12,993
20,338 101,669 122,007 13,143 22,511 35,654

4. Investment income

4.
Investment income
2024 2023
Total Total
£ £
**Interest receivable: **
Bank interest 3,499 2,183

5. Expenditure

Current year

Current year
Basis of Cost of raising Ministry and 2024
allocation funds missions Total
£ £ £
Costs directly allocated to activities:
Direct staff costs Direct 80,974 301,108 382,082
Home and foreign missions Direct - 64,739 64,739
Other ministry expenses Direct - 35,410 35,410
Light and heat Direct - 79,188 79,188
Rent, rates and water Direct - 24,115 24,115
Insurance Direct - 23,470 23,470
Repairs and security Direct 2,788 115,661 118,449
Catering expenses Direct 88,692 18,637 107,329
Training and development Direct - 14,758 14,758
Telephone Direct 840 1,089 1,929
Travel and parking Direct - 5,240 5,240
Cleaning and incidentals Direct 9,662 33,048 42,710
Depreciation Direct 11,532 305,960 317,492
194,488 1,022,423 1,216,911
Support costs allocated to activities:
Support staff costs Staff time - 344,758 344,758
Legal and professional Direct 3,550 8,300 11,850
Administration expenses Usage 2,761 65,770 68,531
Audit and accountancy Direct 1,000 9,780 10,780
Miscellaneous purchases Direct 72,935 14,680 87,615
80,246 443,288 523,534
274,734 1,465,711 1,740,445

Within staff costs allocated to ministry and missions is restricted expenditure of £110,101. All other expenditure is unrestricted.

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Bridge Street Pentecostal Church T/A Bridge Community Church

5.Expenditure (continued)

Prior year

Prior year
Basis of Cost of raising Ministry and 2023
allocation funds missions Total
£ £ £
Costs directly allocated to activities:
Direct staff costs Direct 67,491 225,883 293,374
Home and foreign missions Direct - 61,891 61,891
Other ministry expenses Direct - 28,863 28,863
Light and heat Direct - 80,139 80,139
Rent, rates and water Direct - 49,313 49,313
Insurance Direct 350 23,573 23,923
Repairs and security Direct 14,941 125,190 140,131
Catering expenses Direct - 13,713 13,713
Training and development Direct 475 13,821 14,296
Telephone Direct - 6,549 6,549
Travel and parking Direct - 486 486
Cleaning and incidentals Direct - 30,456 30,456
Depreciation Direct 3,863 279,190 283,053
Loss on disposal of assets Direct - 14,387 14,387
87,120 953,454 1,040,574
Support costs allocated to activities:
Support staff costs Staff time - 363,412 363,412
Legal and professional Direct 930 3,242 4,172
Administration expenses Usage 70,990 23,899 94,889
Audit and accountancy Direct 1,575 7,818 9,393
Miscellaneous purchases Direct 69,099 22,065 91,164
142,594 420,436 563,030
229,714 1,373,890 1,603,604

Within staff costs allocated to ministry and missions is restricted expenditure of £22,652. All other expenditure is unrestricted.

23

Bridge Street Pentecostal Church T/A Bridge Community Church

Notes to the Financial Statements for the year ended 31 December 2024

6. Net (expenditure) for the year

This is stated after charging: 2024 2023
Total Total
£ £
Audit 7,000 6,150
Accountancy 2,150 2,050
Depreciation of owned assets 313,056 297,590

7. Trustee information

The charity Trustees were not paid, reimbursed for travel expenses and did not receive any employee benefits from the charity or its subsidiaries in the year (2023 - £nil). Catherine Roberts volunteers as a counsellor for the charity. Her MBACP membership of £nil (2023 - £170) and expenses of £nil (2023 - £232) were re-imbursed by the church

8. Staff costs

2024 2023
£ £
Staff costs in the year amounted to:
Wages and salaries 722,001 649,677
35,795 40,328
Pension costs 37,861 17,786
795,657, 707,791

24

Bridge Street Pentecostal Church T/A Bridge Community Church

Notes to the Financial Statements for the year ended 31 December 2024

8. Staff costs (continued)

The average number of employees during the year and analysed by function was as follows:

2024 2023
Subsidiary 2 2
Ministry 28 27
Total 30 29

No employee earned in excess of £60,000 per annum during the year (2023- No employee earned in excess of £60,000 per annum during the year).

The key management personnel of the parent charity and the group comprise the Trustees, Stephen Reilly, Andrew Lancaster and Bawa Leo. The total employee benefits of the key management personnel of the charity were £140,921 (2023 - £137,780).

9. Investments

. Investments
2024 2023
£ £
Investments in subsidiaries 1 1

The consolidated Financial Statements include the results of 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 BSPC Trading Company
2024 2023 2024 2023
£ £ £ £
Operating income 424,427 303,722 9,000 9,000
Cost of sales (88,692) (69,099) - -
Gross profit 335,735 234,623 9,000 9,000
Administrative expenses (184,431) (154,287) (1,611) (12,429)
Operating Profit 151,304 80,336 7,389 (3,429)
Tax - - - -
Gift Aid donations to parent charity (142,005) (79,000) (4,000) -
Retained (Loss) / profit for the year 9,299 1,336 3,389 (3,429)

The assets and liabilities of the subsidiaries were:

he assets and liabilities of the subsidiaries were:
BCC Leeds Trading BSPC Trading Company
2024 2023 2024 2023
£ £ £ £
Fixed assets 25,063 4,392 - -
Current assets 60,465 49,234 5,266 1,877
Current liabilities (59,903) (37,300) (540) (540)
Total net assets 25,625 16,326 4,726 1,337
Aggregate share capital and reserves 25,625 16,326 4,726 1,337

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Bridge Street Pentecostal Church T/A Bridge Community Church

Notes to the Financial Statements for the year ended 31 December 2024

10. Tangible fixed assets

0.
Tangible fixed assets
Freehold land Specialist Furniture
Group & buildings freehold land fittings & Total
& buildings equipment
£ £ £ £
Cost or valuation:
At 1 January 2024 120,000 12,000,000 490,302 12,610,302
Additions - - 57,741 57,741
Disposals - - (7,269) (7,269)
Revaluation 25,000 - - 25,000
At 31 December 2024 145,000 12,000,000 540,774 12,685,774
Depreciation:
At 1 January 2024 6,480 - 311,479 317,959
Charge for the year 676 261,905 50,475 313,056
Disposals - - (6,826) (6,826)
Revaluation (6,480) - - (6,480)
At 31 December 2024 676 261,905 355,128 617,709
Net book value:
At 31 December 2024 144,324 11,738,095 185,646 12,068,065
At 31 December 2023 113,520 12,000,000 178,823 12,292,343
Freehold land Specialist Furniture
Charity & buildings freehold land fittings & Total
& buildings equipment
£ £ £ £
Cost or valuation:
At 1 January 2024 120,000 12,000,000 431,652 12,551,652
Additions - - 25,538 25,538
Disposals - - (7,269) (7,269)
Revaluation 25,000 - - 25,000
At 31 December 2024 145,000 12,000,000 449,921 12,594,921
Depreciation:
At 1 January 2024 6,480 - 257,221 263,701
Charge for the year 676 261,905 38,943 301,524
Disposals - - (6,826) (6,826)
Revaluation (6,480) - - (6,480)
At 31 December 2024 676 261,905 289,338 551,919
Net book value:
At 31 December 2024 144,324 11,738,095 160,583 12,043,002
At 31 December 2023 113,520 12,000,000 174,431 12,287,951

The freehold land and buildings at Rider Street Leeds which comprise the property collectively known as Bridge Community Church, were revalued professionally in 2023. Due to the specialist nature of the assets, depreciated replacement cost was considered to be the most appropriate basis of valuation.

The freehold property at Dawlish Avenue Leeds was revalued in June 2024 at £145,000.

Freehold land of £545,000 (2023 - £545,000) at Rider Street Leeds, and £36,000 (2023 - £36,000) at Dawlish Avenue Leeds, is not depreciated.

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Bridge Street Pentecostal Church T/A Bridge Community Church

Notes to the Financial Statements for the year ended 31 December 2024

11. Debtors

1. Debtors
Group Charity
2024 2023 2024 2023
£ £ £ £
Other debtors 58,808 58,837 26,038 44,416
Prepayments 23,576 14,724 23,576 14,724
82,384 73,561 49,614 59,140
2. Creditors: amounts falling due within one year
Group Charity
2024 2023 2024 2023
£ £ £ £
Trade creditors 39,864 3,589 592 3,589
Other creditors 8,666 19,742 5,920 20,127
Taxation and social security 27,956 20,951 8,884 -
Accruals 22,158 25,852 24,158 25,312
98,644 70,134 39,554 49,028

12. Creditors: amounts falling due within one year

13. Movement in funds

13. Movement in funds
As at 31 December 2024
(Group)		 Balance
1 January
2024		 Income
and gains		 Expenditure Balance
31 December
2024
£ £ £ £
Unrestricted funds:
Designated funds 11,969,000 - (261,905) 11,707,095
General funds 565,078 1,466,091 (1,368,439) 662,730
Total unrestricted funds 12,534,078 1,466,091 (1,630,344) 12,369,825
Restricted funds 9,859 101,669 (110,101) 1,427
Group 12,543,937 1,567,760 (1,740,445) 12,371,252

Designated fund relates to the fixed assets utilised by the church as revalued in 2023 at £12,000,000 including £1,000,000 as land, on a depreciated replacement costs basis as disclosed in note 10 to the Financial Statements with depreciation charged to the fund.

Restricted funds - in the current, and prior year, relate to funds received from Leeds City Council for specific celebration events. In the current year, further funds received to support The Welcome and Warm Spaces.

As at 31 December 2023
(Group)		 Balance
1 January
2023		 Income
and gains		 Expenditure Balance
31 December
2023
£ £ £ £
Unrestricted funds:
Designated funds 10,318,151 1,887,059 (236,210) 11,969,000
General funds 654,483 1,255,337 (1,344,742) 565,078
Total unrestricted funds 10,972,634 3,142,396 (1,580,952) 12,534,078
Restricted funds - 32,511 (22,652) 9,859
Group 10,972,634 3,174,907 (1,603,604) 12,543,937

27

Bridge Street Pentecostal Church T/A Bridge Community Church

Notes to the Financial Statements for the year ended 31 December 2024

14.Analysis of net assets by fund

Tangible Net current
As at 31 December 2024 (Group) fixed assets assets Total
£ £ £
Unrestricted Funds
General 360,970 301,760 662,730
Designated 11,707,095 - 11,707,095
Restricted Funds - 1,427 1,427
Total funds 12,068,065 303,187 12,371,252
Tangible Net current
As at 31 December 2023 (Group) fixed assets assets Total
£ £ £
Unrestricted Funds
General 313,484 251,594 565,078
Designated 11,969,000 - 11,969,000
Restricted Funds 9,859 - 9,859
Total funds 12,292,343 251,594 12,543,937

Within designated funds is a revaluation reserve of £3,327,293 (2023 - £3,589,198) from the 2019 and 2023 revaluation of the freehold land and buildings at Rider Street Leeds.

15. Related party transactions (charity and group)

Steve Reilly (Senior Pastor) is a Trustee of Kidz Klub, Teen Challenge UK Life Connections and Horizon Life Training. The charity made donations to these four independent charities as follows:

2024 2023
£ £
Kidz Klub 8,004 8,477
Teen Challenge UK 250 2,000
Life Connections - 385

During prior year, Teen Challenge made donations of £6,000 to the charity. Life Connections paid the charity £3,900 (2022 - £3,600) for the use of church rooms, and the charity recharged £5,938 (2023 - £2,932) for staff costs. The charity paid Life Connections £nil (2023 - £2,250) for rent expenses.

Divya Bohorun is a partner at Bohoruns. During the year the Charity paid £1, 584 (2023 - £1,452) and BCC Leeds Trading Limited paid £1,716 (2023 - £854) to Bohoruns for payroll services. At the year end BSPC Trading Limited accrued £nil (2023 - £540) expenditure

15. Related party transactions (charity only)

BCC Leeds Trading Limited is the subsidiary undertaking of the charity. The Charity recharged BCC Leeds Trading Limited £71,324 (2023 - £69,003) for staff. All amounts recharged were done so at the cost incurred to the charity. BCC Leeds Trading Limited made a covenanted donation of £142,005 (2023 - £79,000) to the church.

BSPC Trading Limited is the subsidiary undertaking of the charity. BSPC Trading Limited made a covenanted donation of £4,000 (2023 - £nil) to the church.

There are no other transactions in the current or previous year which require disclosure in the financial statements.

28

Bridge Street Pentecostal Church T/A Bridge Community Church

Notes to the Financial Statements for the year ended 31 December 2024

16. Reconciliation of net movement in funds to net cash flow from operating activities

2024 2023
£ £
Net movement in funds (172,685) 1,571,303
Adjustments for:
Interest received (3,499) (2,183)
Unrealised gains (31,480) (1,887,059)
Depreciation 313,056 283,053
Profit on the sale of fixed assets 443 14,537
(Increase) / decrease in debtors (8,823) (17,016)
Increase / (Decrease) in creditors and provisions 28,510 18,931
Net cash provided by operating activities 125,522 (18,434)

17. Reconciliation 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 external debt facilities in this period or the prior period.

18. Deficit of the parent charitable company

As required to be disclosed by Section 408 of the Companies Act 2006 the deficit of the parent charitable company for the year was £216,853 (2023 - deficit of £313,663).

19. Comparative Statement of Financial Activities

(Including Income and Expenditure account)

Unrestricted Restricted Designated Total
Funds Funds Funds 2023
£ £ £ £
Income from:
Donations and legacies 924,357 10,000 - 934,357
Other Charitable Activities 13,143 22,511 - 35,654
Other trading activities:
Trading activities 312,722 - - 312,722
Investments:
Interest Receivable 2,183 - - 2,183
Other:
Management fees 2,932 - - 2,932
Total income 1,255,337 32,511 - 1,287,848
Expenditure on:
Raising funds:
Trading activities 229,714 - - 229,714
Charitable activities 1,115,028 22,652 236,210 1,373,890
Total expenditure 1,344,742 22,652 236,210 1,603,604
Net expenditure (89,405) 9,859 (236,210) (315,756)
Taxation - - - -
Other recognised gains:
Gain on revaluation of fixed assets - - 1,887,059 1,887,059
Net movement in funds (89,405) 9,859 1,650,849 1,571,303
Funds brought forward 654,483 - 10,318,151 10,972,634
Funds carried forward 565,078 9,859 11,969,000 12,543,937

29