## BROMLEY CHRISTIAN CENTRE ## Report and Accounts year ended 31 December 2022 Report and Accounts 1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk BROMLEY CHRISTIAN CENTRE COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2022 Trustees Mark Willshire Robert Thomas Karl Ferguson Fred Adegeye Company Secretary Robert Thotna5 Key Stafr Mark Willshire Robert Thoinas Govetnlng Dotument Mptnorandum and Articles of Association dated 21 May 2007 Company Reglstratlon Number 06060885 Charfty Reglstr*ion Number 1119309 Principal Address 2 Masons Hill Bromley Kent BR2 9HA Reglstered Olflce 2 Masons Hill Bromley Kent BR2 9HA Independent Examlner Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers Royal Bank of Scotland PLC 12 El[￿fie￿ Road Bromley Kent BR1 1LP Sollcltors Geldards LLP Number One Pride Place Pr￿e Park DeTby DE24 8QR CtsniÈnts Company Inlortnalion Trustees, Annual Report Independent Examinerfs Report Statetnent of Financial Activities Balance Sheet Cashllow Statement Pagè Notes to the Accounts Detailed Statetnent of Financial Activities with Comparatives 11-20 21 Page 1 **BROMLEY CHRISTIAN CENTRE** **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ The trustees, who are the charity's directors for the purposes of company law present their annual report and financial statements for the year ended 31 December 2022. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's memorandum and articles of association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". ## **Objectives and activities** The objects of the charity are: 1. To advance the Christian faith in accordance with the statement of faith in such ways and in such parts of the United Kingdom or the world as the trustees from time to time may think fit. 2. To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the trustees from time to time think fit. 3. To advance education in such ways and in such parts of the United Kingdom or the world as the trustees from time to time may think fit. The trustees have paid due regard to guidance issued by the Charity Commission on public benefit in deciding what activities the charity should undertake and, in particular, the specific guidance on charities for the advancement of religion. The charity undertakes a number of activities in order to achieve these objectives which are summarised below. In furtherance of the objects of Bromley Christian Centre (BCC), referred to above, activities described below were pursued during the year under review. BCC - The Church a local church in the borough of Bromley. BCC – Community covers our social action and community outreach, helping to care for those who have fallen on hard times. BCC – The Ark Pre-School and Daycare provides Ofsted registered sessional care for 2 to 5 year olds. Pebbles – our baby and toddler group provides a meeting place for a growing number of mums and carers from the area around the church. People regularly attending BCC, as well as visitors, are encouraged to give financially to projects, humanitarian needs and other activities consistent with the aims and objectives of our church. These range in size from one-off gift initiatives to larger, long-term programmes locally here in the UK and abroad. Similarly, the Board will also make additional donations from our general funds, as the trustees decide from time to time. In common with many churches the activities are heavily reliant on the services of volunteers in addition to any interns and those on placement. The trustees are very grateful to all those who give of their time freely in supporting the activities described above. Page 2 **BROMLEY CHRISTIAN CENTRE** **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **Achievements and performance** BCC – The Church - We have seen the church grow by about 20% over the course of the year, with over 650 adults and children now in regular attendance. We launched a second Sunday morning service and this has steadily grown through the year. Our “hybrid” approach to our services, with two inperson gatherings each Sunday running alongside a fully streamed live service and “catch-up” services also made available to watch “on-demand”, throughout the week, we have continued to expand our reach and grown our church community. Even post-pandemic, we are attracting a regular 125 people each week online from across the UK and also some internationally. Inperson attendance is now higher than it was pre-pandemic. - We ran multiple online Alpha courses, throughout the year which were well attended and resulted in both people coming to faith and being strengthened in their faith. Life groups met throughout the year to provide support and care for all members, and we met for weekly prayer meetings and quarterly prayer and fasting (one week per quarter). - Other highlights during the year included an International Feast (celebrating the many cultures and nationalises of the church in a summer food & community festival) and also a successful Christmas Fayre and Carols event run in December. - The average age of the church is a very healthy 29-years-old, reflecting the many families, young adults in attendance. ## Children & Youth - With in-person church now largely back to normal, the children’s work grew by nearly 50% over the year. - DARING Youth resumed weekly meetings and ran a very successful Youth Summer Camp. - Pebbles (carer and toddler group) continues to grow and serve the community with a highly valued safe place for children and cares to attend. ## Ark Pre-School - The Ark continues to provide an excellent Pre-School resource and facility to the community and the new team have settled in very well. ## BCC – Community - We continue to be a partner of the TBB Food Partnership (that was launched during the first year of the pandemic) and receive weekly food donations collected from a central hub in Orpington and distributed throughout the borough. - In Sept/Oct we received donations from over 10 local schools’ harvest festivals and BCC collected and shared these donations amongst the whole TBB partnership, with an estimated value of nearly £16,000 worth of food. - COOK – very generously provided frozen meals each week for us to distribute, and The Sponge Kitchens also continued to provide a weekly donation of bread. - The Bromley Christians Against Poverty (CAP) Partnership continues to grow from strength to strength, with multiple clients becoming debt free during the year. The Debt Centre Manager continues to be employed through BCC. - Haven Café, our mental wellbeing support group, relaunched in the summer and members are returning to get the very important support and interaction they need to combat anxiety and isolation. ## Wider impact - Pastor Mark Wiltshire continued in his role as Chairman of AoG GB Board of Directors. This is an unpaid and voluntary roll which is principally undertaken in Pastor Mark’s own time and we see the significant benefits of the work done to stabilise and strengthen the movement that we are part of. Page 3 **BROMLEY CHRISTIAN CENTRE** **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **Financial review** The trustees report a surplus for the year on unrestricted funds (including designated funds) after transfers of £431,924 (2021 - £41,671). The main source of incoming resources has been gifts and offerings received from Church members together with gift aid tax recovered. The large surplus of 2022 is due to exceptional very generous giving by church members. The resources available are applied in fulfilling the objects and carrying on activities described in this report. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Three month's expenditure on unrestricted funds excluding designated funds amounts to approximately £112,000. Reserves on unrestricted funds amounted to £2,498,568 of which £434,918 were held as net current assets. None of these reserves are held in designated funds and this represents over eleven month's unrestricted fund expenditure. **Reference and administrative information** is provided on the page following the cover sheet. ## **Assessment of risks** The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. We are in a financially healthy and stable position. We have excellent weekly attendance (which has grown over the past 3 years) and financial support from our partners. Our pre-school is also functioning very effectively and contributes surplus income each year. However, we see two specific areas of most significant risk: People and Premises. People: by this we mean key staff. While we are not reliant on any one member of staff, if a number of key staff were all to leave at once, we recognise it would pose a short-term risk. We have tried to mitigate against this by equipping, training and giving regular opportunities to participate to the wider staff and volunteer teams. The way we operate means that we have no single point of failure amongst key staff – with all areas operating under team structures with multiple team leaders in place. Furthermore, our Senior Leadership team provide excellent support for the team and have both expertise and capacity to assist if needed. Premises: Our existing site is ageing, it has regular maintenance issues and we are also starting to out-grow it. We have been working with a firm of architects to do a feasibility study of the whole site, with a desire to extend or rebuild our facilities so that they are fit for purpose. Page 4 **BROMLEY CHRISTIAN CENTRE** ## **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **Plans for the future** BCC – The Church - We plan to continue running a hybrid church setup, with in-person and live/hosted/streamed services also being available. We may need to consider a regular 3[rd] service (Sunday or midweek) as numbers continue to grow. - We continue to plan a more robust syllabus of courses and training that we can deliver through our BCC Academy (both in person and online) to enable us to equip people for personal and corporate ministry. - We aim to continue to multiply the number of Small Groups/Life Groups with a focus on training leaders to run the groups. - We will look to expand our Children and Youth activities to provide additional community impact. ## BCC – Community - The Bromley CAP Partnership became a registered CIO during 2020, to enable it to access further opportunities for raising finances and broadening its partnership base. Bromley CAP will also investigate the potential for employing a second (part-time) member of staff to support this ministry. - Our foodbank will continue to partner with TBB. We would like to maintain the excellent relationships we have with the schools who donate Harvest Festival produce to the foodbank, but with a greater focus on working with the schools and children and linking them with our children’s, youth and family programmes. - Haven Café will be considering adding new initiatives to help their members. ## BCC – The Ark - We are planning on offering a new breakfast club service to families, so that children can be dropped off earlier. We are also investigating providing additional hours. However, in order to do this we will need to increase the size of our facility so this will become a medium, rather than short-term objective. ## BCC – Staff & volunteers - We recognise that growing a healthy volunteer base is vital. We will be focussing on helping people find their gifting and then helping to equip them so that they can function well, both within church life but also within the market-place, family and community life. Investing in training and development for staff and volunteers will be key. - We would consider offering further intern and placement opportunities, should the right candidates be found. The site and facilities - We will continue to work with a firm of architects to develop a feasibility plan for the whole site, with a view to extend or rebuild. - We will continue to explore site expansion opportunities with our local authority. ## **Structure, governance and management** The charity is a company limited by guarantee. The trustees who served as the Board of Directors during the year and up to the date of signature of the financial statements were: Mark Wiltshire Robert Thomas Karl Ferguson Fred Adegeye Trustees are appointed and removed by existing trustees. Page 5 **BROMLEY CHRISTIAN CENTRE** **TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ Existing trustees of the charity ensure that new trustees become familiar with their responsibilities and duties. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The trustees are assisted in their day to day activities by heads of various departments who have responsibility for running their own areas. As a board we are committed to fulfilling the objects of the charity as referred to above. We meet quarterly to discuss all areas that have a significant financial impact, with interim meetings called as appropriate. When it comes to decision-making we would both take a view on the legitimacy of the activity and the financial impact, where we tend on the risk averse side to ensure financial stability. The trustees use a number of tools and factors including payscale.com to benchmark salaries. We look to ensure all staff are within appropriate pay scale ranges. We take inflation into account for annual reviews, along with changes to job descriptions/roles and responsibilities. The church is in fellowship with the Assemblies of God of Great Britain and Ireland although Bromley Christian Centre itself is independent and makes its own decisions, raises its own funds and both chooses and pays its own staff. The Assemblies of God provides a place of accountability for the Senior Pastor, Mark Wiltshire, and also acts as a support for information, guidance and services. ## **Responsibilities of trustees under company law** The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to: 1. select suitable accounting policies and apply them consistently; 2. observe the methods and principles in the Charities SORP; 3. make judgments and estimates that are reasonable and prudent; 4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that 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 Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. 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 The trustees' report was approved by the Board of Directors. ## Mark Wiltshire **Mark Wiltshire** Director (Chair) Dated: 8 September 2023 Page 6 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BROMLEY CHRISTIAN CENTRE I'the Company'l I report lo the ¢harity Iruslees on my examination ol the a¢counls ol the Company lor the year ended 31 December 2022 on pages 8 to 20 following, whi¢h have been prepared on the basis ol the ac¢ounling policies sel out on page$ 1110 12. Rasponsibililios and basi$ ol report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible lor the preparation ol the accounts in accordance with the requirements ol the Companies Act 20061.the 2006 Act'l. I report in respect ol my examination ol your charity's a¢¢ounls as ¢arried out under section 145 01 the Charities Act 2011 1.the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl ol the 2011 A¢t. This examination was performed in the place ol an audit, as aulhorised by the Charity Commission in a dispensation granted on 3 February 2023. Ind•p•nd8nt •xamin•r's stat•m•nt Since the Company's gross in¢ome exceeded £250,000 your examiner must be a member ol a body listed in section 145 01 the 2011 A¢t. l eonlirm that l am qualified to undertake the examination because I am a member ol the Inslilule ol Chartered Accounlanls in England and Wales, which is one ol the listed bodies. I have ¢ompleled my examination. I confirm that no matters have ¢ome lo my attention in connection with the examination giving me ¢ause lo believe.. 1. accounting records were not kept in respect ol the Company as required by se¢lion 386 01 the 2006 Act., or 2. the ae¢ounts do not accord with those records,. or 3. the a¢counts do not comply with the accounting requirements ol se¢lion 396 01 the 2006 A¢t other than any requirement that the accounts give a 'true and lair, view whi¢h is not a matter ¢onsidered as part ol an independent examination., or 4. the aceoLJnts have not been prepared in a¢cordanee with the methods and principles ol the Statement ol Recommended Practice lor accounting and reporting by charities applicable lo Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and FlepLJblie ol Ireland IFRS 1021. I have no ¢on¢erns and have come across no other matters in ¢onne¢lion with the examination lo which attention should be drawn in this report in order lo enable a proper understanding ol the accounts to be rea¢hed. Sarah Crispin ACA Institute ol Chartered Accountants in England and Wales Stewardship 1 Lamb's Passage London EC1Y8AB Dale.. 14 September 2023 Page 7 BROMLEY CHRISTIAN CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Tolal Funds 2022 Total Funds 2021 Unrestri¢led Funds Reslrided Funds Note INCOME AND ENDOWMENTS FROM.. Donations Charitable activities Investments Other in¢ome 808,447 173,346 25,776 550 90,048 43,916 83 898,495 217,262 25,859 550 475,303 225,770 41 4,643 Total incom8 and 8ndowm9nl$ 1,008,119 134,047 1,142,166 705,757 EXPENDITURE ON: Charitable activities 561,783 128,595 690,378 673,859 N91 in¢omg11gxpondilurg} 446,336 5,452 451,788 31,898 Transfvrs b8tW99n funds 23 114,4121 14,412 N91 movgm9nl in fund$ Other recognised gainslllossesl: Gainslllossesl on revaluation ol fixed assets 431,924 19,864 451,788 31,898 14 325,958 325,958 N91 movgm9nl in fund$ 757,882 19,864 777,746 31,898 Reconciliation of funds: Total funds brought forward 1,740,686 44,331 1,785,017 1,753,119 Total funds carriad fonvard 23 2,498,568 64,195 2,562,763 1,785,017 The statement ol financial a¢tivities includes all gains and losses recognised in the year. All income and expenditure derive from Continuing operations. The statement ol financial activities also complies with the requirements lor an in¢ome and expenditure account reqLJired by the Companies Act 2006. The notes on page 11-20 form part ol these a¢¢ounts. Page 8 ## **BROMLEY CHRISTIAN CENTRE** ## **BALANCE SHEET** ## **AS AT 31 DECEMBER 2022** |Note
**FIXED ASSETS**
Tangible assets
14
Investment property
14
**CURRENT ASSETS**
Debtors
17
Cash at bank and in hand
**CREDITORS: Amounts falling**
**due within one year**
19
**Net current assets / (liabilities)**
**Total assets less current liabilities**
**CREDITORS: Amounts falling due**
19
**after more than one year**
**TOTAL NET ASSETS**
**FUND BALANCES**
23
Unrestricted Funds
General funds
Designated funds
Restricted Funds|Unrestricted
Funds
£
1,888,650
475,000
2,363,650
26,283
457,943
484,226
(49,308)
434,918
2,798,568
(300,000)
2,498,568
2,498,568
-
2,498,568
-
2,498,568|Restricted
Funds
£
10,562
-
10,562
3,877
50,361
54,238
(605)
53,633
64,195
-
64,195
-
-
-
64,195
64,195|Total
Funds
2022
£
1,899,212
475,000
2,374,212
30,160
508,304
538,464
(49,913)
488,551
2,862,763
(300,000)
2,562,763
2,498,568
-
2,498,568
64,195
2,562,763|Total
Funds
2021
£
2,073,524
-| |---|---|---|---|---| |||||2,073,524| |||||26,348
438,260| |||||464,608
(53,115)| |||||411,493| |||||2,485,017
(700,000)| |||||1,785,017| |||||1,740,686
-| |||||1,740,686
44,331| |||||1,785,017| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022 and has been granted an audit dispensation under Regulation 34(3)(b) of the Charities (Accounts and Reports) Regulations 2008 for the year ended 31 December 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006 and the audit dispensation awarded by the Charity Commission, however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements. The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for: - (a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its net income or expenditure for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. The financial statements were approved by the Board of Directors and were signed on its behalf by: ## **Mark Wiltshire** Date: 8 September 2023 Company number: 06060885 The notes on page 11-20 form part of these accounts. Charity number: 1119309 Page 9 BROMLEY CHRISTIAN CE￿RE FOR THE YEAR ENDED 31 DECEMBER 2022 CASH FLOW STATEMENT Not8 2022 2021 Cash flows from operatrng activitres.. Net cash providedbyl(usedin) opernting 8cfivities 23 452.617 81.877 Cash flow8 from investing activities.. Purchase of tangible fixed ass8ts Proceeds from disposal ol tangible fix8d assets Inv8Strn8nl incom8 received Net cash providedbyl(usedin) investing 8Ctivities 18.9821 550 25.859 17.427 1815.8511 5.004 41 810.806 Cash flows from financing activities.. Proceeds from bank loans Repayrnenls ol borrowing Net cash providedbyl(usedin) financing 8Ctivifie$ 700.000 400.000 400.000 700.000 Change in cash and equivalents in the repO￿ngperiod 70.044 128,9291 Cash and equivalents at the beginning of the year 438.260 467,189 Cash and cash equiv8lent$ at the end ol the year 508.304 438.260 Pag8 10 BROMLEY CHRISTIAN CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 Statutory Inlormatlon The ch8riiy is a ch8ritsble company limited by guaranteè and is incorwrdted in the Uniied Kingdom. The company's re9lstè￿d number and legis￿1￿ addrèss tan be found on the Company Information page. Actountlng Polltles Thesè linanttlal statÈmerfs are prÈparÈd on h gDing concern basis. undèrthè histortttal cDst conventiDn Thesè financial statements have been prepared in accordantèwilh Ihè'stsiemeni ol RÈcommended Praciice-. Attouniing and RÈporting by Chariiies preparing their attounts in atcordartè With the Finanthal Rewthng St8ndard amlicable in the UK and ReputrAit ol IrÈ1ar￿ IFRS 1021 I"Ihè Chariiies SORP") with Ihe Finantial Reporting stsndaid 8pplicablÈ in ihe United Kingdom and Rèpublic of Iieland I"FRS 102,1. With the Companies Aci 2006 The principles &thP￿d in thè weparhbon ol the fin8ncial Statemèn￿ are set Dut below. Goin contèm The iffjsiees Iwho ale the chariLible company's dii&iors foi the purposea ol company la￿> have assèssed whether the use ol thè going toncern basis i4 appropTiatÈ and have considèred PDSSible events or ttsnditions thai might casi Significant doubt tsn the a￿litY ol the charlty tts conbnue as a 9olng tonceTn Thè trustees have made this as5￿meni Ioi a period ol at1È8St one yeaT from the trl approval ol the financial siaiÈmÈnts. In pariitulai the ITuSlÈÈS havè consideTÈd the charitys ltrrecasts and piojeciions 8nd thè Possible implications should Projec￿d Income and l Oi &yper￿ilU1e vary unexpeciedly. Thè irusiees have contluded thai there IS a iÈasonablÈ expectation that the tharily has adequa￿ r￿uTte* tts continue to opèraie lor the Iorèsee8ble luiuie. The charity Ihèrelore tontinuès ￿ adDPithÈ 9Oiny conttèm basis in preparing its fin8ntial statèmèn￿. ieaouices Inttrme is ietognised ￿h2n the thaiity is legally eMrfiÈd to it al￿￿ 8ny pèrformance conditiona have been mei, the amounts ean be Mèasur￿ rèli8bly. and il is wob8blè that income Will be i&aved. Cash donations ale retognised on ￿teIpt. Othèr donations 8re recognised once the tharily has been noiiliÈd ol the dtsnaiion, unless performance conditions rÈquire delÈtral ol the amount. Intomè tax rÈcover8blè in r￿all0ft 10 donations rÈceivÈd under Gill Aid is recognisÈd ai the timè ol the thnation. In accordantè 4Vith Ihe Charilies SORP IFRS 1021, gener￿ V￿￿nteer tlmè is not recognised In iheae accounts. More inlormation 8bout the contribLrtion o[v￿￿nteels is provided in the diietiors, rewrt. Donated gO￿S receNed arè loodbank donations. which arè disifibutÈd to rÈcipiÈnts during the year Donations are received fvom TBB Food Partnetship, local bakeiiès Cwk's Irozèn mèals and Harvèst lesiival contribLrtions. TBB W0v￿e h vhluabon ol the am￿Tht8 thai they havè donated during the year. OlhÈrdonatÈd yoods ale b8sed on annual esiimaied valuea. nditure Expenditure Is rectyntsed Dnce there Is h legal or constiuctNè obligation to make h payment to a third party. it is prob8blè thhi Sèttlèmèni wlll be iÈqulred and the amount ol the obligat￿n can bè mèasuiÈd rellabty Grants ltsr the Suwort tsl Oversèas missionaries Chrisban woikeis in the UK are accountÈd ltsr on the basis ol Supptrrt commilted to that relatès 10 the linartial year Expensès alknea￿d to governartè costs are Ihosè expensea rèlating to the govein8nce ol thè chaiily including the cost ol trustee indemnity insuf8nce. dirÈctDrs' medings. kgal èxpenses not dirÈctty attitiuLible tD an actlvily and amDunts phyabk 10 the charitys Independent examinÈr Direci costs ol an atlivily arè allOtat￿ 10 thai aeirlity Direct charit8blè e￿￿er￿l￿re and sUPPOrt co8￿ which reLetè to more than one activity have been allocated on the basis ol thè percentsge use ol facilitiès. Thè pertÈntsgè usè has been eslima￿d by rèfè￿Tht￿ to the lime and area ol the premises OttCLyied by the acbvity. Cost ol raislng funds Is ￿t signi1￿arnt and has ￿t been sephiately dtselosed. dl Fund aCCOuntin Unreskncied lunds a￿ avallable for use hithe discretion ollhèdiiedors in lurthèranttè DI thelreharfhble obleciives. Designaied lunds tomprise lunda 4vhith have beèn set aside ai the discretion DI Ihe dirÈctDrs lor speclllc purposes The purwses and uses DI the deSIgna￿d lunds a￿ sei Oul in the notes to the linartial stsiemenis. RestriCtÈd funds are Subject ￿ Speci1￿ condilions by thnors as to they may bè used. Thè purposes 8nd usès olthe restriCtÈd funds set in the ￿teS 10 the attounis. Iiems WTchased or dtrnaied lor ihe charitys Own use are c8piialised when thè eost ol wich8sed items. or thè lair value ol donated 1￿MS, is more than £500 and the itèm is expected to bènelil thè ch8riiy over more than one accounting pèriod DeprÈciaiion is ehawÈd on a straight line basis so as to write down ihe value ol Èach assei to ils eatimat￿ residual value lil any) over its expected uselul economic life To achieve this objetlrlè the following ratès of depretLetion arè tthargÈd' Land and bU1￿1n1$ torvehicles 2S% rÈdutino balarte The carrsryng valuès ol tangibk fixed assèts hie ievie4ved for impalrmeni in periods 4vhen events Drehanges In Cifcumstanttea indicate that the canylng value may not be recovèrable The yain Or Ioss 8riSing on the disposal ol an assèt is determined as the ditfeience beiwÈen ihe salè proceeds 8nd Ihe caiiying value olthe asset and Phge 11 BROMLEY CHRISTIAN CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 Cash and tash e Cash and tash equrialents Include tash in hand. dÈposlts he￿ ai call wlth banks. Dthei shDrt-ierm liquid investments thlh orlginal maturiiies DI three months or less, and bank Overdrafts Bank Overdiafts are shown Within borrowings in t￿r￿n1 li8bilities. Invèstment ert Invèstment property. which is property hèld to ehrn rentals and / Dr for c8piLII appreciatlon. IS inltially ietognlsed at cost. ¥¥hlch indudes the purthase tosi and any directly altribula￿e Èxpenditurè. Subse4ueniiy it Is Measur￿ ai lair valuè at the iewthng end date The gain or loss on revalUat￿n IS iecoynised In income and expÈnditure. iecoynised ai transaction value 8nd Subsequèniiy mèasured at their gett￿ment value with the èxception ol bank loans 4vhich are SubsÈquèntly measured at amortisÈd cosi Using the effecbve intèresi method. The company is a iegisieied th￿ily,. It hhs t8kèn advantage ol the vhrlous rellefs from taxation av&labk to ehhiitiès and ￿ ihx is pay8blè on the tharily's incomè. lo ee benefits The cost ol any unused hollday entitlement is rectyniSÈd in ihe pèriod In ¥¥hlch the employeè's servlces are recèived. Teimination benefits arè recognised immÈdiatèly as an expense 4vhen ihè chhiity Is demonati8bly eDmmitied to tenninatè the employment ol an employee or io Provide teimination bènelils kl Retlrement bèneli Pasrynenis to defin￿ conbibutlon idirÈmert benefit schÈmes are charged as an èxpènse as they fall due. 11 Commitments loi future ex nditure Other than ntsrmal commiiments under contracts olemployment and short term leasès there are no contractual obligatlons to r￿Ur& Èxpenditure at the balance sheei date. The church SuppDTiS various miSSionanÈS both ai home 8nd Ovetseas. The directots regularly review thè ttrmmitment 10 missionaries and aTÈ ttrnlident that those SuppDrted would not view their swport as an opèn e￿￿ed obli9alitsn on the part ol the church Where the direcioTS havè authoTised Èxpènditure Nyhich is not yet legally Ènloice8blè amounts are sei asidè into lunds designat￿ lor ihe purpose. There wère no amounts aulhorised at 31 OÈcembÈr 2022. crttIt￿ accountlny estlmatss and areas of ludyement In ihe 8pplicabon tsl the ch8riiis accounting ptrlities, thè diredors arè rÈqulred io make judgemèn￿. estimates and assumptions &b￿t Ihè canylng amount ol assets and liatrmlities thai are not ièadily amarÈni from other Sourtès. Thè èstimatès and aSSOCiatÈd assumptions are based on historlcal èxperientè and Othèr latiors thai are considered to be rekvani. Aeiual results may diller from thèse eslima￿s. The eS1imaies and undeilsryng assumpiions are revièwed on an ongoing basis Rwisions to accouniiny eslima￿S ale iecoynised in thè period in which the eaiimate IS revised where Ihè ièvision aff&is only thhi per￿d. 01 in the PÈriod ol the rèvision and lulurè periods where the revision allects boih Current and luluiè periods DDnatlons ResknC￿d [Ur￿S 2021 2022 20 2022 2021 2021 Donatlons ar￿ gifts Donated goods" Income tax recoverablè 683.401 43.800 40.280 5.968 90.048 727,201 40,260 349.691 23.933 3S.990 3.026 62.949 3n.624 35.990 85.689 475.303 125046 808447 82.663 412.3 898.495 All donat￿ goods werè loodbank donatlons dlstilbuied to recyients during thè year. Income from charllable actlvltles Other income from Chuieh Other incomè liom Pre-school nursety tunding and fees Tot 2022 2021 poverty nd mission Supwrt SeNlces provlded undèreontract Charlta￿e rent￿ intomè Othei irtome 115.7S3 11S.7S3 50.474 51.035 142.742 1.438 28.592 50.474 32.100 147.853 225.770 An￿y$l8 bylund Unreskncied lunds Restricted funds 57.593 173.346 43.916 217.282 32.100 147.653 57.593 Phge12 BROMLEY CHRISTIAN CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 Income from charllable actlvltles Icontlnuedl Fort￿ Ye&re*￿ 31 DeceM￿r 2021 Other incomè liom Church (Xhèr Income Pie-sehool nursery lunding nd leès Poverty 2021 Services Provided undèreontract ChaiitatrAe rent￿ intomè Other irtome 142.742 142.742 1.438 28.592 91,436 1,607 11.328 1S.657 $6 043 11.328 225.770 An￿y&l$ bylund Unreskncied lunds RestriCtÈd funds ,043 142.742 1S.6S7 158.399 19B.785 26.98S 225.770 11.328 11.328 $6 043 Itwestrnent Incomè unlesti￿ed Resbicted T￿al [Ur￿S 2021 2022 2022 2021 2021 Pityerty letbng. 24.835 941 24,83S 1,024 38 41 25 776 25,859 38 41 'Onè DI Ihe propertiès rÈclas5rfiÈd hs hn investmÈni wopÈrty in 2022. Other Incorne Unrèstricted funds 2022 RestriCtÈd [Ur￿S 20 Tot 2022 2021 Net g￿Th on disposal oltangtile fixed assets 550 S50 4.643 Charttable It￿VIleg Chuieh Pre-school Tot 2022 poverty 2021 nd mlssion SLltf cosis Depieciabon and imp￿rMent Premises costs Hire ol equipment lacililiÈS Catering lor activities and events ConleTences and awdydhys M8nsÈ costs Donations in knnd Vehiclè Èxpenses Pu￿ltItY lor services and events Pastor￿ expensea Expensed equipment Travel and atttrmodaiitrn Stsll training and Othèr tDsts Piofeasional seNittea Bad debts Mlscellaneous direct cosis ol actlvitles 76.802 29.gOE 76.670 1.598 5.464 8.802 37.0 12,E48 2,374 957 121.563 1.969 9.838 224.338 37.618 72.903 1.OS7 2.612 2.177 37.260 35.990 4.763 459 228 1.039 288 34.251 87.485 I.S98 6.603 8.802 37.090 40.304 2.025 40,304 2,025 32 682 739 367 739 74 2.282 4.325 1.676 74 2.282 2.30B 650 2.017 1.028 1.727 204 18.370 444.174 369 60,048 4.574 141.428 250.602 452.078 Grant funding of hcbvitiès IsÈe note 101 39.644 3,000 42.6S7 2B.029 Sh8re ol sUPPOrt costs (see nDtè 111 191.5 214 191.743 19B.530 Sh8re ol governanEèeDsts Iseè note 111 3.900 3.900 890 378 3.128 262 6n.BS9 An￿y$l9 byfund Unreskncied tunds RestriCtÈd funds 450.501 35.174 485.675 561.783 128.S95 890.378 ,262 ,262 30.1S9 Phge13 BROMLEY CHRISTIAN CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 Charttable It￿VIleS Icontlnuedl Fort￿ Ye&re*￿ 31 DeceM￿r 2021 Church Pie-sehool T￿al 2021 verty and mission SLltf cosis Depieciabon and imp￿rMent Premises ctFStS Hire ol equipment lacililiÈS Catering lor activities and events ConleTÈnces and awaydhys M8nsÈ costs Donations in knnd Vehiclè Èxpenses Pu￿ltItY lor services and events Pastor￿ expensea Expensed equipment Travel and atttrmodaiitrn Stsll training and Othèr tDsts Piofeasional seNittea Bad debts Mlscellaneous direct cosis ol actlvitles ,606 ,118 S1,247 1,057 2,612 2,177 37,260 12.3S8 3.227 3.138 126.374 1.2n 18.S1B 224.338 37.618 72.903 1.OS7 2.612 2.177 37.260 35.990 4.763 459 228 1.039 288 35.990 4.348 417 459 228 1.039 288 2,51S 650 307 319 1.077 204 11.S53 160.357 1.727 204 18.370 444.174 6,817 224,451 $9.368 Grant funding of hcbvitiès IsÈe note 101 25,257 2.640 2B.029 Sh8re ol sUPPOrt costs (see nDtè 111 169,287 11.547 17.6 19B.530 Sh8re ol governanEèeDsts Iseè note 111 3,126 3.128 4￿121 73.553 6n.859 An￿y$l9 byfund Unresiricied lunds Restricted funds 3￿,602 ,519 14.09S $9.4S8 158.745 19.440 S72.442 4￿121 73.553 178.185 6n.859 SUKPOM Costs are allochted ￿ attbvitiès Dn the bhsls of e8bma￿d uaè DI SuKPOrt stall time GovernhrtèeDsts arèehargÈd tDthè genèral attivitiès DI Ihe church and are not re-all0ttat￿ tD the rèlief olpoverty or pre-schwl acbvitiès. Premises costs 4vhich arè noidiiettiy attiibuiable tD an aCti￿lY havè been ￿lOCated to the aCtI￿￿e& on thè basis olestlmated use of the piemlses In terms ol area and tlmè Descrlptlon of tha￿￿b￿ac￿vl￿eS ChuTch atlivities include all activibes ol the local chuieh induding donatlons madèto othèr Chrtstian mlniSbièS that the church sUPPOrts both In the UK and Overseas. Relièf ol Povèrty repieaÈnts sèrvices Provid￿ by the church lor the ieliel ol wverty including services Provided undèr thè name olthe BCC Community and Bromley RelielAgency 4Vh￿h assist Ihosè on low income and Supwrts thè CAP Ichrislians Ag￿n&t Poverty) Bromlèy Partnership hr Pitrschool The prtrschoDI is a reglstered nursery educabon prov￿er OFSTED No 137365 operated and admlniSterÈd by the church Phge14 BROMLEY CHRISTIAN CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 10 Grants pHyable Chuieh RelEI of poverty Pre-school Tot￿ 2022 T￿al 2021 nd mission Supwrt The Bridge Centre Macedonla New Life Church Amman. Jordan, lor Syilan relugee Assemblies ol God- ukr￿Th￿ 3.BS9 7.000 2.000 4.666 1.250 2.000 2.000 3.000 2.000 4.666 1.250 2.000 2.000 3.000 3.000 Apoyo SolidariO- Real Smile Project. Madrld Fuèl Macedonla Maoz Chrisbans Againai Poverty Othei 3,000 2.640 20.482 3,000 23.482 14.667 Grants to indI￿du￿5 19.183 19.1 13.362 39.644 3,000 42.657 28.029 Fort￿ Ye&re*￿ 31 DeceM￿r 2021 Church Pie-sehool T￿al verty and mission Suwort The Bridoe Centre Macedonla New Life ChuTch Amman. Jordan, lor Syilan reluoee Chrisbans Aoainai Poverty Other 3,B59 7,000 3.BS9 7.000 2.640 2.640 12,027 2.640 14.667 Grants to indI￿du￿5 13,230 13.362 25,257 2.640 28.029 11 Support costs Support eosts Govèrnance Supwrt cos GovÈmance coats 2022 2021 Stsll cosis Administrabon èxpènses IT & communicationa PTofÈasional setvitea Bank thawea 118467 38 366 17266 13275 8.365 118.467 38.368 17,268 13,275 6,365 136.022 136.022 13.477 13.OSO 4.267 13.477 13.OSO 4.267 Leyal and profession 3.900 3.900 3.900 195.843 3.126 3.126 3.128 201.658 191 743 196.530 An￿y$ed bet4veen th￿l￿ble aciivitiea 191.743 195643 198.530 201.6S8 Legal and professional lees in wveinance costs includès amDunts payable to thè Indeper￿eTht examlner 01 £3.90012021' £2.5001 lor examinatlon feea and £1.￿6{2￿1. £1.6￿) lor othersemces. 12 Relatsd parfes Pastor Mark Wiltshire retèived iemuneration. in atcordarte thlh provisions in the govèrning dotumèni loi his pastoral seivicès of £85.58712021-. £62.5791 and in addition. pension etsntributions 01£6.421 12021 £6,054) and benefits tsl £60012021.- £6601- Mark Wiiishirè and his Ylile werè also paid £33.0￿(2021 £33.0￿} rent in connecbon the piovision trl a manaè Rob Thomas also iÈceivÈd remunèration in actordance with provisitrns in the goveining document Ioradministrative Support services 01 £51.15412021 £48.7301 and pÈnsion contiibubons tr1 £3,16212021.- £2.9091- None ol the other ￿uS￿e$ ietaved any remunerat￿n. With thè permission ol thè Charity Commission lor Engla￿￿ and Wales. Ollvia Wiiishlre, daughterol M8tk Wiltshiie. was p￿d £1,81S Ioi Social mÈdia sèrvices. Ho%vevei. three olthem12021.- Ihieèi incurrÈd expensea in connection wlth duties. other than as ￿uSlee1. ol ￿.92212Q2l.- £1 n61 in rweti ol èntertaining. travel. conlerences and tr￿Thing. During thè year the church recelved donations totalling £45,13712021.- £45,2181 fvom trustÈes and thèirclose family Phge15 BROMLEY CHRISTIAN CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 13 Employees The avèragè monthly headtt￿nt durlng the yèhi was".- 2022 Number 2021 Numbèr PTÈ-school Relièf ol Povèrty 10 16 21 Toi Employmènt Costs 2022 2021 Wages hnd salarles Sotial setufityCOSts Other pension ttFSts 29S.989 20.888 326.310 20.458 13.592 380.360 330 714 The number olemployeèsN¥hosè annual remuneiation was morèthan £60.000 is hs follDW8' 2022 Number 2021 Numbèr £60.0￿- £69.9 Conknbutlons iotslling £6,421 12021." 6.0911 werè made to defined contitiubon K*nslon schemès Dn behallol employees whose emoluments exeÈed £60.0 14 Tanglble fixed assets Fixturès. littinys and equipmeni Free￿Id Propèrty TDt 2022 Cost Al 1 January 2022 Additions DiSPtFsals At 31 D&ember 2022 2.ON,500 183.51S 6.982 11.788 160.711 12.660 2.210.67S 8.982 2.034 500 2 207.871 Actumulaied depreclatlon Al 1 January 2022 Charge ltrr thè year Eliminated on disposal Al 31 D&ember 2022 139,900 19,384 143.128 12.494 11.788 143.638 3.185 2.374 286.193 34.251 1s9284 308.659 Nei bookvalue Al 31 December 2022 1.875,216 16.87S 1.899.212 At 31 D&ember 2021 1.8W 600 20.387 1 924.482 1S Hxed as9ei Investmet 2022 Net ￿0k value bn)ughl forward Gain on revaluation ol investment 149.042 325.gs8 Falrvaluèearried lorwaid 475.000 One ol the propertiès. has been rÈclas5rfiÈd as 8n invesimeni property in 2￿2. An esbmated marttèt valuè hhs been plac￿ on thls property al 31st Dec 2022 based on ￿tent valuations ol neaibyproperties. taking Into considèraiion thè Size and eutreni condilion ol the building. 16 HnantLql Instruments The maikei valuè ol land and buildings is likety 10 bè tonS￿er&b1Y higher than thè nei Mok value 8bovè. Howevèr. the directors do noi considèr It good value lor money io pay lor a wolessional valuaiion as Ihty 8re lurtlional assets Ltsed in ihe day to day atliVitEs ol ihe charity and therè ale no plana ￿ diswse ol them Phge16 BROMLEY CHRISTIAN CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 17 Debtors 2022 2021 Falllng due wlthln onè year.. l.S92 9.200 19.368 30.160 5.107 6.312 14.929 26.348 Thx iettsveiable PrÈpayments 8nd attrued income 18 Loans and overdrafts 2022 2021 Bank loans 700.000 Payable hlteronè year 700.000 The above ltshn is s&ured by ¥¥ay ol a fixed floating ehaigè ovèr hll the assds and undèrt8klngs ol the chhiity. Thère are fix￿ charges In plhce over thiÈe reS￿en￿al woperties 04vned bythe charity. Interèst is payable 014¥o the lender's basè ratè. RÈpaymÈni In lull is due by 20 September 2024. 19 Credltors.. llabl1lt￿ falllng due wlthln one year 2022 2021 Thxatlon and sothal SÈCuirfy 6.994 1S.SSB 6.968 12.237 21.499 Aetluals Delened Income Iseè noie 211 13.227 49.913 S3.11S 20 Credltors.. amounts falllng due after rnore than 0￿Year 2022 2021 Bank loans IsÈe note 181 700.000 21 Deferred Income DelÈtred income comprlses the lollmng.. 2022 2021 Balantè at Ihe beginning ol the iÈporting perlod Amount rèleased to income Amountdeletred in year Balantè at Ihe end ol thè rÈporting perlod 12.413 500 12.413 500 13.227 13.227 The income delerred hithe end thll be rekased to income Over the follo4vlng paiods." Within one year Alteronè year 13.227 22 Re￿rement ￿ne111 9chemÈs The charge io the statèmÈnt DI financial aCtI￿￿e& in rweciol defin￿ eonbibutlon schèmès was £13,85712021-. £13,$931 Phge17 BROMLEY CHRISTIAN CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 23 Funds During thè year the movements in ihèehaity's funds wère as lollo%¥S' Opening balance 2022 Incoming resources 20 Outgoing r￿Urt&S TianslÈ In the ye8r 20 Gains and Cknsing balantè 2022 2022 2022 DeswnatedFunds Spethal wojects ARK prtrschoDI 4.7S3 2S3 16.89SI I1￿,27$) 120.923 16.6421 17.7701 GenerÈl ￿n￿strictEdFUftd$ 1,740.6B6 887.1 1447,5021 cl 32S.9SB 2.49B.568 Totsi Unrestricted Funds 1,740.686 1.008.119 32S.9SB 2.498.568 RestliCtedFurtds Romanian outrèach Spethal trllerings and events BCC Community Ministry Development 3843 3.B43 1.333 7.909 2.B13 6.8SB 44.442 2.813 6.016 8,005 149,6591 bl 2.3SO 4.941 Macethnian church Ark Pre-school grants Brtrmley Night Shetter Christmas givè away CAP 32.100 130,1601 10.OSO 487 37.463 298 466 24.008 29.475 10.676 13.0001 3.000 44.331 134.047 1128,5951 14.412 64.195 Aggregatè DI tunds 1,785.017 1 142.166 I6￿,379) 32S.9SB 2.S82.763 The irhnslers ielerred tD 8bovèweiè made lor thè lollothno rèasons-. al Thè transfer Irom the Christmas ¢ive awayttr CAP lund tr1 £3,000 ietyesents monies received by thè Christmas orlè away lund lor CAP. A transler or £7.121 was made tsl the gener￿ fund io BCC Community HOPE fund in respect olthe neibook value olthe v8n which is bl rèstricted ltrr use ltrr HOPE. cl Transfers Irom general lund to Macethni8n and mlsslon tunds 10 providè rÈgularsupwrtio ovèrseas miSSionaiEs N¥hère donationa Ihll short. dl Transfers to the disbibutlon ol unused dèsignated lunda to other causes. An￿Y819 of ￿ta$Sets byfund The assèts and liatrmlities ol IhÈvariOua tUr￿S werè as follo4VS-. Unièstilct tUr￿S RestriCtÈd lunds 2022 Thngible fixed assets Investmènts Debtors Cash ai bank and in hand 1.888.650 475.000 26.283 4S7.943 149.3081 1300.0001 10.S82 1.899.212 475.000 30.160 SDB.304 3.877 50.381 Credittrrs lallifQ due aiiei one year 1300.0001 2.498.568 64.195 2.S82.763 Phge18 BROMLEY CHRISTIAN CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 23 Funds (con￿nUed) In the pr¥riOUS year ihe movemènts in the ehaiitrfs funds 4vere as follows. Opening Incomin9 balance resources 2021 2021 Outgoing r￿Urt&S Tiansle In the ye8r 2021 Gains and Cknsing balantè 2021 2021 2021 Deswnst£d Funds Development fund Special woiects ARK prtrschool 74.845 174.84SI 1.074 1.480 142.760 1126,2591 7S.812 144.240 I1￿,780) 190.2721 GenerÈl ￿n￿strictEdFUftd$ 1,623.203 467.8S3 1442,6621 92.292 1.740.688 Total Unrestricted Funds 1,699.015 812.093 1572,4421 2.020 1.740.688 RestliCtedFurtds Development lund Romanian Outrèach Spethal trllerings and events BCC Communlty 8988 3843 18.9881 3.E43 1.675 6.005 8.452 8.SBO 146,7561 5.536 1.425 15.049 283 6.688 10.070 2.614 4.3 Macedonian church Ark Pre-school grants 12S01 203 20.858 156 468 24.008 224 Chnsimas givè away CAP 12.6401 2.640 54.104 93.664 12.0201 44.331 Aggregatè DI tunds 705.757 16n,8591 1.785.017 An￿Y819 of ￿ta$Sets byfund In the prwious year. the assets and lihbilitiès DI the vailous lunda 4vere as folknws. Unièstilct tUr￿S RestriCtÈd lunds 2021 2.071.712 368.974 1700.0001 2.on.524 411.493 1700.0001 42.S19 1.740.688 44.331 1.785.017 ReStrI￿ed lunds.. Romanian OLrtièach- these lunda are lor ￿UCatIon and r￿1￿1 ol povèrty in Romania. Spethal ollerinos and events- these funds have beèn ¢￿￿rn to variOLia SPÈCiliC causea or events and amlled forthose purposès BCC Community- these lunds 8re used 10 aS5iSt senior thlizens 8nd io relieve Povertyin ihe local arèa and indudes a small amouni raised lor 4¥0 wilh peoplèwilh mÈntsi hèalth iSSLies Minislty Dèvelopmeni-Theae lunds havè been oiven to further ihe dèvelopment ol minisiry wlthin the chureh Mission lund- thèse funds Ltsed to support various mission projects in the UK and abroad. Macedonian chureh- thesè lunds are US￿ lor the SLVPOrt ola church. The Bridge Cemie. in Macedonia and the Supwrt DI the p8Stots DI Ihe church. Aik Pre-scho￿ giants- ale grants rÈcewÈd lor rèstrlctÈd purwses. Biomley Nighl Shelter- these lunds are lor thè Bromley Night Shetter whith tyeiatea Irom Detembei to March each year. Chrisbnas give away- this fund iÈceives donations from an ollering tsken S￿rtlY before Chiisimas eath year and is used to Suwort vartDuS projects 4vherè th&￿ is spetilic need. CAP- this fund meets expÈndlture in connettion ¥¥ith the local operhbon DI Chrisiians Ag￿Th&t Poverty. Deslgnatedfunds.. Spethal projects- these lunda are sèt aslde io Cover exK*nsès DI Ihe adriltES 8s descrtbed in thè name olthè lund. The we-school- inEDmè liom the mnning olthè pre-schwl was held on designated lund and used to lurthei this aCti￿ty. Phge19 BROMLEY CHRISTIAN CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 24 CAsh Y￿￿81ed from operatlons 2022 2021 Surplus foi the ye8r 451.788 31.B98 Adjusiments lor-. Invèstment income rectyniqed in staiemeth ol finanttlal Gain on diSPDsal trl tangible fixed assets DepiÈCiabon and IMP￿TMent ol tanyible fixed assets 12S.8sgi ISS01 34.251 37.618 ￿0￿ments in 4vorfting t8pilal." Ilntrèasel Idecie8se in deblOIS Intrèasel Idecie8sel in Credilofs Intrèasel Idecie8sel in dÈIèr￿d income 9.631 814 CAsh Y￿￿81ed from operatlons 81.877 2S An￿¥915 ofchatw In ￿debt Al 1 January 20 Cash nDws At 31 Decembèr 2022 Cash hi bank In hand 438.260 70.044 SOB.304 Loana lallino due artel more thhn one yèar 1700.0001 400.000 1300.0001 281.740 470.044 208.304 Phge 20 BROIALEY CHRISTIAN CENTRE DET￿LED STATEMENT OF FINANCIAL AcnviTIES WITH COMPARATIVES FOR THE YEAR ENDED 31 DECEMBER %Y22 Unrestricted funds General Designated 2022 2022 Unreslricled funds General Designated 2021 Reslricled 2022 Total 2022 Restrict Total 2021 Note INCOME AND ENDOWMENTS FROM.. Donations Charitable activities Inveslmenls Other income BOB.￿7 52.851 25.358 550 90,048 ,916 89 898.495 217.262 25.859 55) 412.288 51.629 66 144,156 62.949 26.985 475,303 225,710 41 4,￿3 120,495 418 918 3,725 Total income and endowments 887.196 120,923 134,047 1,142.166 467.853 144,240 93,664 705,757 EXPENDITLIRE ON.. Charitable activities.. 447.502 128,595 690.378 442,662 129,780 101,417 673,859 Net incomellexpendilurel 439.694 6,642 5,452 451.788 25,191 14,460 I7,7￿) 31,898 Transfers between funds 17.7701 16,6421 14,412 92,292 190,2721 12,0201 Net movement in funds Other recognised gainslllossesl= G￿nS/(losSes> on revaluation ol fixed assets 431.924 19,864 451.788 117,4 19,7731 31,898 325.958 325.958 757.882 19,864 777.746 117,4 19,7ni 31,898 Reconciliation of funds= Total funds brought forward 1.740.686 44,331 1,785.017 1.623.203 75,812 SI,104 1,753,119 Total funds carried forward 2.498.568 64.195 2,562.763 1.740.686 44.331 1,785,017 Page 21