OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Bromley Christian Centre

2023-12-31-accounts

----- Start of picture text -----
BROMLEY CHRISTIAN CENTRE
Report and Accounts
year ended 31 December 2023
Report and Accounts
----- End of picture text -----

Company registration number: 06060885 Charity registration number: 1119309

BROMLEY CHRISTIAN CENTRE

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees

Company Secretary

Key Staff

Mark Wiltshire Robert Thomas Karl Ferguson - resigned 27.9.23 Fred Adegeye Andrew Siddorns - appointed 26.9.23 Robert Thomas Mark Wiltshire Robert Thomas

Governing Document Company Registration Number Charity Registration Number Principal Address

Registered Office

Independent Examiner

Bankers

Solicitors

Memorandum and Articles of Association dated 21 May 2007 06060885 1119309 2 Masons Hill Bromley Kent BR2 9HA 2 Masons Hill Bromley Kent BR2 9HA Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB Royal Bank of Scotland PLC 12 Elmfield Road Bromley Kent BR1 1LP Geldards LLP Number One Pride Place Pride Park Derby DE24 8QR

Contents
Contents Page
Company Information 1
Trustees' Annual Report 2-6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Cash flow Statement 10
Notes to the Accounts 11-20
Detailed Statement of Financial Activities with Comparatives 21

Page 1

BROMLEY CHRISTIAN CENTRE

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

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 2023.

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 provides a year-round Christian presence in our community. Our Sunday gatherings are a place where people experience authentic Christian community. We reach young and old, people of faith and people with no faith at all and have over 45 different nationalities who call our church home. Our attendance continues to grow year on year. In addition to Sunday gatherings, we run regular mid-week groups and activities. We are active in social action and community outreach, helping to care for those who have fallen on hard times. We also run The Ark Pre-School and Daycare, which provides Ofsted registered sessional care for 2 to 5 year olds.

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 of Directors 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 2023

Achievements and performance

BCC – The Church

Children & Youth

Ark Pre-School

BCC – Community

Wider impact

Page 3

BROMLEY CHRISTIAN CENTRE

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

Financial review

The trustees report a surplus for the year on unrestricted funds (including designated funds) after transfers of £210,579 (2022 - £431,924). The main source of incoming resources has been gifts and offerings received from Church members together with gift aid tax recovered. Whilst a very healthy surplus, this is significantly less than 2022 due to an exceptional one off gift by a church member during that period. 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 consider 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 and is monitored on a monthly basis.

Three month's expenditure on unrestricted funds excluding designated funds amounts to approximately £118,000. Reserves on unrestricted funds amounted to £2,709,147 of which £333,182 were held as net current assets. None of these reserves are held in designated funds and this represents over eight month's unrestricted fund expenditure.

Reference and administrative information is provided on the page following the cover sheet.

Assessment of risks

The trustees regularly assess 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 consistently year on year over the past 4 years) and financial support from our regular attenders. 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 2023

Plans for the future

BCC – The Church

BCC – Community

BCC – The Ark

BCC – Staff & volunteers

The site and facilities

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 Fred Adegeye Karl Ferguson (resigned September 2023) Andrew Siddorns (appointed September 2023)

Trustees are appointed and removed by existing trustees.

Page 5

BROMLEY CHRISTIAN CENTRE

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

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 our Memorandum of Association, 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.

MA Wiltshire

MA Wiltshire (Sep 24, 2024 11:53 GMT+1)

Mark Wiltshire

Director (Chair) Dated: Sep 24, 2024

Page 6

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

BROMLEY CHRISTIAN CENTRE

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023 on pages 8 to 21 following, which have been prepared on the basis of the accounting policies set out on pages 11 to 12.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. This examination was performed in the place of an audit, as authorised by the Charity Commission in a dispensation granted on 3 February 2023.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Sarah Crispin (Sep 24, 2024 14:11 GMT+1)Sarah Crispin

Sarah Crispin ACA Institute of Chartered Accountants in England and Wales Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Sep 24, 2024

Page 7

BROMLEY CHRISTIAN CENTRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations
4
Charitable activities
5
Investments
6
Other income
7
Total income and endowments
EXPENDITURE ON:
Charitable activities
8
Net income/(expenditure)
Transfers between funds
23
Net movement in funds
Other recognised gains/(losses):
Gain on revaluation of fixed assets
15
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
23		 Unrestricted
Funds
£
595,863
202,336
32,371
390
830,960
609,072
221,888
(11,309)
210,579
-
210,579
2,498,568
2,709,147		 Restricted
Funds
£
87,799
26,908
464
-
115,171
128,050
(12,879)
11,309
(1,570)
-
(1,570)
64,195
62,625		 Total
Funds
2023
£
683,662
229,244
32,835
390
946,131
737,122
209,009
-
209,009
-
209,009
2,562,763
2,771,772		 Total
Funds
2022
£
898,495
217,262
25,859
550
1,142,166
690,378
451,788
-
451,788
325,958
777,746
1,785,017
2,562,763

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on page 11-20 form part of these accounts.

Page 8

BROMLEY CHRISTIAN CENTRE

BALANCE SHEET

AS AT 31 DECEMBER 2023

Note
FIXED ASSETS
Tangible assets
14
Investment property
15
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
18
after more than one year
TOTAL NET ASSETS
FUND BALANCES
23
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
1,900,965
475,000
2,375,965
35,394
331,898
367,292
(34,110)
333,182
2,709,147
-
2,709,147
2,704,284
4,863
2,709,147
-
2,709,147		 Restricted
Funds
£
2,278
-
2,278
8,119
52,287
60,406
(59)
60,347
62,625
-
62,625
-
-
-
62,625
62,625		 Total
Funds
2023
£
1,903,243
475,000
2,378,243
43,513
384,185
427,698
(34,169)
393,529
2,771,772
-
2,771,772
2,704,284
4,863
2,709,147
62,625
2,771,772		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006 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:

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:

MA Wiltshire MA Wiltshire (Sep 24, 2024 11:53 GMT+1) --------------------------------------Mark Wiltshire Date: _______ Sep 24, 2024

Company number: 06060885

The notes on page 11-20 form part of these accounts.

Charity number: 1119309

Page 9

BROMLEY CHRISTIAN CENTRE

FOR THE YEAR ENDED 31 DECEMBER 2023

CASH FLOW STATEMENT

Note
Cash flows from operating activities:
Net cash provided by/(used in) operating activities
24
Cash flows from investing activities:
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed assets
Investment income received
Net cash provided by/(used in) investing activities
Cash flows from financing activities:
Proceeds from bank loans
Repayments of borrowing
Net cash provided by/(used in) financing activities
Cash and cash equivalents at the end of the year
Change in cash and equivalents in the reporting period
Cash and equivalents at the beginning of the year
Reliance bank balance released into fixed assets as bank loan
fully repaid		 2023
£
177,346
(1,439)
(33,250)
390
32,835
(1,464)
-
(300,000)
(300,000)
(124,118)
508,304
384,186		 2022
£
452,617
(8,982)
-
550
25,859
17,427
-
(400,000)
(400,000)
70,044
438,260
508,304

Page 10

BROMLEY CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

1 Statutory Information

Bromley Christian Centre, a public benefit entity, is incorporated in England and Wales as a company limited by guarantee not having a share capital. There are currently four Trustees who are also the members of the company. Each member has undertaken to contribute to the assets in the event of winding up a sum not exceeding £1. The charity is a registered charity. The registered office is given on page 1.

2 Accounting Policies These financial statements are prepared on a going concern basis, under the historical cost convention as modified by the revaluation of certain assets, which are measured at fair value in the Statement of Financial Activities. These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102. The principles adopted in the preparation of the financial statements are set out below. a) Going concern The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The trustees therefore continue to adopt the going concern basis in preparing the financial statements. b) Incoming resources Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised in these accounts. More information about the contribution of volunteers is provided in the directors' report. Donated goods received are foodbank donations, which are distributed to recipients during the year. Donations are received from TBB Food Partnership, local bakeries, Cook's frozen meals and Harvest festival contributions. TBB provide a valuation of the amounts that they have donated during the year. All other donated goods are based on annual estimated values. c) Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Grants for the support of overseas missionaries and Christian workers in the UK are accounted for on the basis of support committed to that relates to the financial year. Expenses allocated to governance costs are those expenses relating to the governance of the charity including the cost of trustee indemnity insurance, directors' meetings, legal expenses not directly attributable to an activity and amounts payable to the charity's independent examiner. Direct costs of an activity are allocated to that activity. Direct charitable expenditure and support costs which relate to more than one activity have been allocated on the basis of the percentage use of facilities. The percentage use has been estimated by reference to the time and area of the premises occupied by the activity. Cost of raising funds is not significant and has not been separately disclosed. d) Fund accounting Unrestricted funds are available for use at the discretion of the directors in furtherance of their charitable objectives. Designated funds comprise funds which have been set aside at the discretion of the directors for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts. e) Tangible fixed assets Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged: Land and buildings 2% straight line on buildings Fixtures, fittings & equipment 20 - 33.3 % straight line Motor vehicles 25% reducing balance The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

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

f) Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Page 11

BROMLEY CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

g) Investment property

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

h) Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. i) Taxation The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

j) Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

k) Retirement benefits

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

l) Commitments for future expenditure Other than normal commitments under contracts of employment and short term leases there are no contractual obligations to future expenditure at the balance sheet date. The church supports various missionaries both at home and overseas. The directors regularly review the commitment to missionaries and are confident that those supported would not view their support as an open ended obligation on the part of the church. Where the directors have authorised expenditure which is not yet legally enforceable amounts are set aside into funds designated for the purpose. There were no amounts authorised at 31 December 2023.

3 Critical accounting judgements and key areas of estimation uncertainty

In the application of the charity's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

4 Donations

ations
Donations and gifts
Donated goods*
Income tax recoverable		 Total
2023
£
561,470
35,248
86,944
683,662		 Total
2022
£
727,201
40,280
131,014
898,495
Income from charitable activities
Services provided under contract
Charitable rental income
Other income
Analysis by fund
Unrestricted funds
Restricted funds		 £
-
46,823
24,283
71,106
68,871
2,235
71,106
Other income
from Church
activities and
mission support		 £
-
-
15,232
15,232
-
15,232
15,232
Other income
from Relief of
poverty
activities		 £
132,327
-
10,579
142,906
133,465
9,441
142,906
Pre-school
nursery funding
and fees		 Total
2023
£
132,327
46,823
50,094
229,244
202,336
26,908
229,244

Page 12

BROMLEY CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

5 Income from charitable activities (continued)

For the year ended 31 December 2022

Services provided under contract
Charitable rental income
Other income
Analysis by fund
Unrestricted funds
Restricted funds
6
Investment income
Property letting
Interest receivable
7
Other income
Net gain on disposal of tangible fixed assets
8
Charitable activities
Staff costs
Depreciation and impairment
Premises costs
Hire of equipment and facilities
Catering for activities and events
Conferences and away days
Manse costs
Donations in kind
Vehicle expenses
Publicity for services and events
Pastoral expenses
Travel and accomodation
Staff training and other costs
Professional services
Miscellaneous direct costs of activities
Grant funding of activities (see note 10)
Share of support costs (see note 11)
Share of governance costs (see note 11)
Analysis by fund
Unrestricted funds
Restricted funds		 Unrestricted
funds
2023
£
27,972
4,399
32,371		 Restricted
funds
2023
£
-
464
464
£
86,976
27,716
60,278
6,102
7,557
10,192
36,442
-
-
1,099
674
16,598
2,723
674
7,574
264,604
44,826
214,052
3,996
527,478
483,474
55,842
539,316
Church activities
and mission
support		 £
-
50,474
7,119
57,593
57,593
-
57,593
Total
2023
£
27,972
4,863
32,835
Unrestricted
funds
2023
£
390
£
19,196
1,780
2,064

252
1,400

-
-
35,248
3,982
-
-
-
-
-
118
64,040
13,903
79
-
78,023
149
68,167
68,316
Other income
from Church
activities and
mission support
Relief of
poverty		 £
-
-
11,816
11,816
-
11,816
11,816
Unrestricted
funds
2022
£
24,835
941
25,776
Restricted
funds
2023
£
-
£
115,242
1,163
10,056
-
-
-
-
-
-
76
-
-
-
1,000
3,981
131,518
-
103
-
131,621
125,449

4,041
129,490
Other income
from Relief of
poverty
activities
Pre-school		 £
115,753
-
32,100
147,853
115,753
32,100
147,853
Restricted
funds
2022
£
-
83
83
Total
2023
£
390
Total
2023
£
221,414
30,659
72,398
6,354
8,957
10,192
36,442
35,248
3,982
1,175
674
16,598
2,723
1,674
11,673
460,163
58,729
214,234
3,996
737,122
609,072
128,050
737,122
Pre-school
nursery funding
and fees		 Total
2022
£
115,753
50,474
51,035
217,262
173,346
43,916
217,262
Total
2022
£
24,835
1,024
25,859
Total
2022
£
550
Total
2022
£
211,213
34,251
87,465
1,598
6,603
8,802
37,090
40,304
2,025
1,061
739
2,262
4,325
1,676
12,664
452,078
42,657
191,743
3,900
690,378

Page 13

BROMLEY CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

8 Charitable activities (continued)

For the year ended 31 December 2022

Staff costs
Depreciation and impairment
Premises costs
Hire of equipment and facilities
Catering for activities and events
Conferences and away days
Manse costs
Donations in kind
Vehicle expenses
Publicity for services and events
Pastoral expenses
Expensed equipment
Travel and accomodation
Staff training and other costs
Professional services
Miscellaneous direct costs of activities
Grant funding of activities (see note 10)
Share of support costs (see note 11)
Share of governance costs (see note 11)
Analysis by fund
Unrestricted funds
Restricted funds		 £
76,802
29,908
76,670
1,598
5,464
8,802
37,090
-
-
662
739
-
2,262
2,308
650
7,647
250,602
39,644
191,529
3,900
485,675
450,501
35,174
485,675
Church
activities and
mission support		 £
12,848
2,374
957
-
1,139
-
-
40,304
2,025
32
-
-
-
-
-
369
60,048
3,000
214
-
63,262
-
63,262
63,262
Relief of
poverty		 £
121,563
1,969
9,838
-
-
-
-
-
-
367
-
74
-
2,017
1,026
4,574
141,428
13
-
-
141,441
111,282
30,159
141,441
Pre-school		 Total
2022
£
211,213
34,251
87,465
1,598
6,603
8,802
37,090
40,304
2,025
1,061
739
74
2,262
4,325
1,676
12,590
452,078
42,657
191,743
3,900
690,378
561,783
128,595
690,378

Support costs are allocated to activities on the basis of estimated use of support staff time.

Governance costs are charged to the general activities of the church and are not re-allocated to the relief of poverty or pre-school activities.

Premises costs which are not directly attributable to an activity have been allocated to the activities on the basis of estimated use of the premises in terms of area and time.

9 Description of charitable activities

Church activities and mission support

Church activities include all activities of the local church including donations made to other Christian ministries that the church supports both in the UK and overseas.

Relief of poverty

Relief of poverty represents services provided by the church for the relief of poverty including services provided under the name of the BCC Community and Bromley Relief Agency which assist those on low income and supports the CAP (Christians Against Poverty) Bromley Partnership and a mental health

Pre-school

The pre-school is a registered nursery education provider OFSTED No. 137365 operated and administered by the church.

Page 14

BROMLEY CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

10 Grants payable

Grants to institutions:
The Bridge Centre Macedonia
Disaster Emergency Committee (Turkey/Syria)
Assemblies of God - Ukraine
East West Ministries - Ukraine
Families Set Free (Pakistan)
NICG UK (India)
Releasing Slaves Internationally
Apoyo Solidario - Real Smile Project, Madrid
Fuel Macedonia
Maoz
Christians Against Poverty
Other
Grants to individuals
For the year ended 31 December 2022
Grants to institutions:
The Bridge Centre Macedonia
Assemblies of God - Ukraine
East West Ministries - Ukraine
Releasing Slaves Internationally
Apoyo Solidario - Real Smile Project, Madrid
Fuel Macedonia
Maoz
Christians Against Poverty
Other
Grants to individuals
11
Support costs
Support
costs
£
Staff costs
129,296
Administration expenses
48,105
IT & communications
21,021
Professional services
8,982
Bank charges
6,830
Legal and professional
-
214,234
Analysed between charitable activities
214,234		 Church activities
and mission
support
£
4,044
-
2,000
-
5,173
9,616
-
-
3,000
4,000
-
216
28,050
16,776
44,826
Governance
costs
£
-
-
-
-
-
3,996
3,996
3,996		 Relief of
poverty
£
-
1,500
-
-
-
-
-
-
-
-
4,000
-
5,500
8,403

13,903
Church
activities and
mission support
£
4,044
2,000
4,666
1,250
2,000
2,000
3,000
-
1,502
20,462
19,183
39,644
2023
£
129,296
48,105
21,021
8,982
6,830
3,996
218,230
218,230		 Pre-school
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Relief of
poverty
£
-
-
-
-
-
-
-
3,000
-
3,000
-
3,000
Support
costs
£
116,467
38,368
17,268
13,275
6,365

-
191,743
191,743		 Total 2023
£
4,044
1,500
2,000
-
5,173
9,616
-
-
3,000
4,000

4,000
216
33,550
25,180
58,729
Pre-school
£
-
-
-
-
-
-
-
-
-
-
13
13
Governance
costs
£
-
-
-
-
-
3,900
3,900
3,900		 Total 2022
£
4,044
-
2,000
4,666
-
-
1,250
2,000
2,000
3,000
3,000
1,502
23,462
19,196
42,657
Total
£
4,044
2,000
4,666
1,250
2,000
2,000
3,000
3,000
1,502
23,462
19,196
42,657
2022
£
116,467
38,368
17,268
13,275
6,365
3,900
195,643
195,643

Legal and professional fees in governance costs includes amounts payable to the independent examiner of £3,960 (2022: £3,900) for examination fees and £1,916 (2022: £1,896) for other services.

12 Related parties

Pastor Mark Wiltshire received remuneration, in accordance with provisions in the governing document, for his pastoral services of £72,904 (2022: £65,587) and in addition, pension contributions of £6,835 (2022: £6,421) and benefits of £640 (2022: £600). Mark Wiltshire and his wife were also paid £33,000 (2022: £33,000) rent in connection with the provision of a manse. Rob Thomas also received remuneration, in accordance with provisions in the governing document for administrative and support services of £57,244 (2022: £51,154) and pension contributions of £4,523 (2022: £3,182).

None of the other trustees received any remuneration. With the permission of the Charity Commission for England and Wales, Olivia Wiltshire, daughter of Mark Wiltshire, was paid £2,558 (2022: £1,815) for social media services. However, three of them (2022: three) incurred expenses in connection with duties, other than as trustees, of £3,361 (2022: £2,922) in respect of entertaining, travel, conferences and training.

During the year the church received donations totalling £40,706 (2022: £45,137) from trustees and their close family.

Page 15

BROMLEY CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

13 Employees

The average monthly headcount during the year was:-

Church activities
Pre-school
Relief of poverty
Total
Employment costs
Wages and salaries
Social security costs
Other pension costs
The number of employees whose annual remuneration was more than £60,000 is as follows:
£60,000 - £69,999
£70,000 - £79,999		 2023
Number
5
8
1
14
2023
£
313,036
22,363
15,310
350,709
2023
Number
0
1		 2022
Number
5
10
1
16
2022
£
295,969
20,888
13,857
330,714
2022
Number
1
0

Contributions totalling £6,835 (2022: 6,421) were made to defined contribution pension schemes on behalf of employees whose emoluments exceed £60,000.

14 Tangible fixed assets

Cost
At 1 January 2023
Additions
Release of security deposit
Disposals
At 31 December 2023
Accumulated depreciation
At 1 January 2023
Charge for the year
Eliminated on disposal
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022
15
Fixed asset investments
Net book value brought forward
Gain on revaluation of investment
Fair value carried forward		 Freehold
Property
£
2,034,500
33,250
-
2,067,750
159,284
20,678
-
179,962
1,887,788
1,875,216		 Fixtures,
fittings and
equipment
£
160,711
1,439
(3,174)
158,976
143,836
8,201
(3,174)
148,863
10,113
16,875		 Vehicles
£
12,660
-
-
12,660
5,539
1,780
-
7,319
5,341
7,121
2023
£
475,000
-
475,000		 Total
2023
£
2,207,871
1,439
33,250
(3,174)
2,239,386
308,659
30,658
(3,174)
336,144
1,903,243
1,899,212
2022
£
149,042
325,958
475,000

One of the properties, was been reclassified as an investment property in 2022. An estimated market value has been placed on this property at 31st Dec 2022 based on recent valuations of nearby properties, taking into consideration the size and current condition of the building.

16 Financial instruments

The market value of land and buildings is likely to be considerably higher than the net book value above. However, the directors do not consider it good value for money to pay for a professional valuation as they are functional assets used in the day to day activities of the charity and there are no plans to dispose of them.

Page 16

BROMLEY CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

17 Debtors

Falling due within one year:
Other debtors
Tax recoverable
Prepayments and accrued income
18
Loans and overdrafts
Bank loans
Payable after one year
19
Creditors: liabilities falling due within one year
Taxation and social security
Other creditors
Accruals
Deferred income (see note 21)
20
Creditors: amounts falling due after more than one year
Bank loans (see note 18)
21
Deferred income
Within one year
After one year
The income deferred at the period end will be released to income over the following periods:
Amount released to income
Balance at the beginning of the reporting period
Balance at the end of the reporting period
Deferred income comprises the following:
The above loan, that was due for repayment by 20 September 2024, was repaid early during 2023.
Amount deferred in year		 2023
£
1,567
11,837
30,109
43,513
2023
£
-
-
2023
£
7,918
14,611
9,440
2,200
34,169
2023
£
-
2023
£
13,227
(13,227)
2,200
2,200
2,200
-
2,200		 2022
£
1,592
9,200
19,368
30,160
2022
£
300,000
300,000
2022
£
6,994
15,558
14,134
13,227
49,913
2022
£
300,000
2022
£
12,413
(12,413)
13,227
13,227
13,227
-
13,227

22 Retirement benefit schemes

The charge to the statement of financial activities in respect of defined contribution schemes was £15,310 (2022: £13,857)

Page 17

BROMLEY CHRISTIAN CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

23 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Special projects
ARK pre-school
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Romanian outreach
Special offerings and events
BCC Community
Future redevelopment
Ministry Development
Mission fund
Macedonian church
Ark Pre-school grants
Bromley Night Shelter
Christmas give away
CAP
Aggregate of funds		 Opening
balance
2023
£
-
-
-
2,498,568
2,498,568
3,843
1,333
7,909
-
2,813
-
-
10,050
486
37,463
298
64,195
2,562,763		 Incoming
resources
2023
£
15,466
135,907
151,373
679,587
830,960
-
19,093
40,076
1,839
3,750
4,503
3,834
9,441
-
18,300
14,335
115,171
946,131		 Outgoing
resources
Transfers in
the year
2023
2023
£
£
(11,040)
437
(125,449)
(10,458)
(136,489)
(10,021)
(472,583)
(1,288)
(609,072)
(11,309)
-
-
(14,323)
-
(49,914) b)
3,302
-
-
(4,002)
-
(8,581)
4,078
(9,763)
5,929
(4,041)
-
-
(19,173)
(6,000)
(18,254)
4,000
(128,050)
11,309
(737,122)
-
a)
a),
c)
d)		 Gain on
change in
accounting
policy
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Closing balance
2023
£
4,863
-
4,863
2,704,284
2,709,147
3,843
6,103
1,373
1,839
2,561
-
-
15,450
486
30,590
380
62,625
2,771,772

The transfers referred to above were made for the following reasons:

The transfer from the Christmas give away to CAP fund of £4,000 represents monies received by the Christmas give away fund for CAP. Further a) transfers of Christmas give away funds were: £500 to the mission fund and £1,500 to Macedonian church. A transfer of £3,302 was made out of the general fund to BCC Community HOPE fund to cover costs of HOPE activities where insufficient specific b) donations.

c) Transfers from general fund to Macedonian and mission funds to provide regular support to overseas missionaries where donations fall short.

d) Transfers relate to the distribution of unused designated funds to other causes.

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Tangible fixed assets
Investments
Debtors
Cash at bank and in hand
Creditors falling due within one year		 Unrestricted
funds
£
1,900,965
475,000
35,394
331,898
(34,110)
2,709,147		 Restricted
funds
£
2,278
-
8,119
52,287
(59)
62,625		 2023
£
1,903,243
475,000
43,513
384,185
(34,169)
2,771,772

Page 18

BROMLEY CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

23 Funds (continued)

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Special projects
ARK pre-school
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Romanian outreach
Special offerings and events
BCC Community
Ministry Development
Mission fund
Macedonian church
Ark Pre-school grants
Bromley Night Shelter
Christmas give away
CAP
Aggregate of funds		 Opening
balance
2022
£
-
-
-
1,740,686
1,740,686
3,843
1,675
6,005
-
-
-
8,110
466
24,008
224
44,331
1,785,017		 Incoming
resources
2022
£
4,753
116,170
120,923
887,196
1,008,119
-
6,858
44,442
2,813
6,016
1,646
32,100
21
29,475
10,676
134,047
1,142,166		 Outgoing
resources
2022
£
(5,006)
(109,275)
(114,281)
(447,502)
(561,783)
-
(7,200)
(49,659)
-
(8,366)
(6,588)
(30,160)
-
(13,020)
(13,602)
(128,595)
(690,379)		 Transfers
in the year
2022
£
253
(6,895)
(6,642)
(7,770)
(14,412)
-
-
7,121
-
2,350
4,941
-
-
(3,000)
3,000
14,412
-		 Gains and
losses
2022
£
-
325,958
325,958
-
-
-
-
-
-
-
-
-
-
-
325,958		 Closing
balance
2022
£
-
-
-
2,498,568
2,498,568
3,843
1,333
7,909
2,813
-
-
10,050
487
37,463
298
64,195
2,562,763

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible assets
Investments
Debtors
Cash at bank and in hand
Creditors falling due within one year
Creditors falling due after one year		 Unrestricted
funds
£
1,888,650
475,000
26,283
457,943
(49,308)
(300,000)
2,498,568		 Restricted
funds
£
10,562
-
3,877
50,361
(605)
-
64,195		 2022
£
1,899,212
475,000
30,160
508,304
(49,913)
(300,000)
2,562,763

Restricted funds:

Romanian outreach - these funds are for education and relief of poverty in Romania.

Special offerings and events - these funds have been given to various specific causes or events and applied for those purposes

BCC Community - these funds are used to assist senior citizens and to relieve poverty in the local area and includes a small amount raised for work with people with mental health issues.

Ministry Development - These funds have been given to further the development of ministry within the church.

Mission fund - these funds are used to support various mission projects in the UK and abroad.

Macedonian church - these funds are used for the support of a church, The Bridge Centre, in Macedonia and the support of the pastors of the church.

Ark Pre-school grants - are grants received for restricted purposes.

Bromley Night Shelter - these funds are for the Bromley Night Shelter which operates from December to March each year.

Christmas give away - this fund receives donations from an offering taken shortly before Christmas each year and is used to support various projects where there is specific need.

CAP - this fund meets expenditure in connection with the local operation of Christians Against Poverty.

Designated funds:

Special projects - these funds are set aside to cover expenses of the activities as described in the name of the fund.

The Ark pre-school - income from the running of the pre-school was held on designated fund and used to further this activity.

Page 19

BROMLEY CHRISTIAN CENTRE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2023

24 Cash generated from operations

BROMLEY CHRISTIAN CENTRE
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
24
Cash generated from operations
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Gain on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase) / decrease in debtors
Increase / (decrease) in creditors
Increase / (decrease) in deferred income
Cash generated from operations
25
Analysis of changes in net debt
Cash at bank and in hand
Loans falling due after more than one year		 At 1 January
2023
£
508,304
(300,000)
208,304		 2023
£
209,009
(32,835)
(390)
30,659
(13,353)
(4,717)
(11,027)
177,346
Cash flows
£
(124,118)
300,000

175,882		 2022
£
451,788
(25,859)
(550)
34,251
(3,812)
(4,015)
814
452,617
At 31 December
2023
£
384,186
-
384,186

Page 20

BROMLEY CHRISTIAN CENTRE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2023

Note
INCOME AND ENDOWMENTS FROM:
Donations
4
Charitable activities
5
Investments
6
Other income
7
Total income and endowments
EXPENDITURE ON:
Charitable activities:
8
Net income/(expenditure)
Transfers between funds
23
Net movement in funds
Other recognised gains/(losses):
Gain on revaluation of fixed assets
15
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
23		 General
Designated
2023
2023
£
£
592,383
3,480
56,886
145,450
29,928
2,443
390
-
679,587
151,373
472,583
136,489
207,004
14,884
(1,288)
(10,021)
205,716
4,863
-
-
205,716
4,863
2,498,568
-
2,704,284
4,863
Unrestricted funds		 Restricted
2023
£
87,799
26,908
464
-
115,171
128,050
(12,879)
11,309
(1,570)
-
(1,570)
64,195
62,625		 Total
2023
£
683,662
229,244
32,835
390
946,131
737,122
209,009
-
209,009
-
209,009
2,562,763
2,771,772		 General
Designated
2022
2022
£
£
808,437
10
52,851
120,495
25,358
418
550
-
887,196
120,923
447,502
114,281
439,694
6,642
(7,770)
(6,642)
431,924
-
325,958
-
757,882
-
1,740,686
-
2,498,568
-
Unrestricted funds		 Restricted
2022
£
90,048
43,916
83
-
134,047
128,595
5,452
14,412
19,864
-
19,864
44,331
64,195		 Total
2022
£
898,495
217,262
25,859
550
1,142,166
690,378
451,788
-
451,788
325,958
777,746
1,785,017
2,562,763

Page 21

BCC 2023 Accounts - Final for Signing

Final Audit Report

2024-09-24

Created: 2024-09-23 By: Sarah Crispin (sarah.crispin@stewardship.org.uk) Status: Signed Transaction ID: CBJCHBCAABAA_nGmwryJ9andP2I9KaYAHXoBpVre0Ist

"BCC 2023 Accounts - Final for Signing" History

Document created by Sarah Crispin (sarah.crispin@stewardship.org.uk) 2024-09-23 - 07:26:40 GMT

Document emailed to mwiltshire@bcc.church for signature

2024-09-23 - 07:27:48 GMT

Email viewed by mwiltshire@bcc.church

2024-09-24 - 10:51:14 GMT

Signer mwiltshire@bcc.church entered name at signing as MA Wiltshire 2024-09-24 - 10:53:30 GMT

Document e-signed by MA Wiltshire (mwiltshire@bcc.church)

Signature Date: 2024-09-24 - 10:53:32 GMT - Time Source: server

Document emailed to Sarah Crispin (sarah.crispin@stewardship.org.uk) for signature 2024-09-24 - 10:53:40 GMT

Email viewed by Sarah Crispin (sarah.crispin@stewardship.org.uk) 2024-09-24 - 13:11:08 GMT

Document e-signed by Sarah Crispin (sarah.crispin@stewardship.org.uk) Signature Date: 2024-09-24 - 13:11:28 GMT - Time Source: server

Agreement completed.

2024-09-24 - 13:11:28 GMT