Company registration number,. 06486246 Charity registration number: 1125098 Brook Lane Community Church (A company limited by guarantee) Annual Report and Flnancial Statements for the Year Ended 31 March 2024 Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 ORB
Brook Lane Communlty Church Contents Reference and Administrative Detai15 Trustees, Report 2to6 Independent Examiner's Report 7t08 Statement of Financial Actlvities Balance Sheet io Notes to the Financial Statements Ilto20
Brook Lane Community Church Reference and Adminlstrative Details Trustees Peter Furniss John Griffiths Stephen Harris Andrew Junaid Jacqueline Macnamara Neil Selby John Griffiths Secretary Charlty Reglstratlon Number 1125098 Company Reglstration Number 06486246 The charity is incorporated In England and Wales. 27-29 Brook Lane Bromlev Kent BRI 4PU Reglstered Office Independent Examlner Field Sullivan Limlted 9 Hare & Billet Road Blackheath SE3 ORB Sollcltors: Wellers Tension House Tweedy Road Bromley Kent BRI 3NF Page I
Brook Lane Communlty Church Trustees, Report The trustees present their report and financlal statements for the year ended 31 March 2024. The financi31 statements have been prepared in accordance with the accountlng policies set out in note I to the financial statements and comply with the charity's memorandum and artlcles of association, the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charlties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 (effective l January 20191" Oblectlves and activitles Brook Lane Community Church IBLCChurchl is a family of God's people drawn from the local community and existing to share Chrlst and do good to all people in the communlty and beyond. BLCChurch operates primarily but not exclusively in Bromley and on the Downham Estate. The aim of BLCChurch continues to be the advancement of the Christian faith in accordance with principles compatlble with the Evangelical Alliance Statement of Faith. The trustees may from time to time decide to dvance other charltable purposes. The main activities of BLCChurch and the individuals whom it seeks to serve are described below and are undertaken to further our charitable purposes for the public benefit. The trustees conflrm that they have complied with the duty in Sectlon 17 of the Charlties Act 2011 to have due regard to the publlc benefit guidance published by the Charity Commission. Achievements and performance We have continued to operate as normal, the one abiding change being that we continue to broadcast seNlces for those who remain unable or unwilling to attend in person and Intend to continue to do so. We also see this as a good way to promote the Gospel as we can never know the identity of all those who watch. Children and youth work has continued to flour15h, though in January 2024 we were sad to see our children's and family worker leave to explore God's calling elsewhere. We ensured that Sophle received a good send off and prayed God's blessing over her next assignment. We have also started the process of revlsiting and refreshing the Core Team, recognising that many have served In that leadership capacity for some time and we wanted to make sure that people had the option of stepping down if they felt so lead. We continued to work with Transform Bromley Borough ITBBI to support the ongoing food poverty crisis across Bromley and to host an emergency food response in our immediate area via The Gleaning Pantry, a Social Supermarket operating in Downham. We again operated Brook Hub during the winter months as part of a "warm space" initiative, though were open on Tuesdays during the daytime only this year. The uptake from local residents was far lower than the previous year. BLCChurch continues to be involved in other initiatives designed to address issues In society. Some church members give their time voluntarily to ChrSstlans Against Poverty I'CAP"). This involves actlng as a debt coach to people who are struggling to manage their finances and as "befrienders" someone who works alongslde the debt coach to provide additional support to those wishlng to use CAP services, slnce dealing with sometimes significant volumes of paperwork to brlng debt situations under control can be daunting. CAP also runs job clubs and life skills courses to further assist people Improve their personal sltuations. Page 2
Brook Lane Community Church Trustees, Report Additionally, a church member acts as an advocate for Act5 435, which 15 a glvlng website that allows people to give money to meet specific indivldual needs. The role of the advocate is to assess and verify the need before a request is posted on the Acts 435 website. The maximum amount that may be claimed at any one time is generally £150 and, once the request has been fulfilled, then the funds are received into the BLCChurch bank account. We then transfer the money to the beneficiary. BLCChurch therefore acts as a conduit for the money only and as such does not record these gift5 35 either its income or expense. This year we processed a further 9 gifts totalllng £1.235, bring the cumulative total since September 2021 to 45 gifts totalling £5,710. While CAP and Acts 435 can and do benefit church members, the overwhelming majority of people helped come from the local community more widely. Other regular activities that ran throughout the year included New Beglnnings (children aged 0-3 and thelr parents/carersl and Brook Café (open to the public}. Use of the premises by outside bodies also continued during the year, though some have sadly now ceased operations. Developing the spiritual life of BLCChurch continues to be an important area of focus and during the year a repeat visit to Ashburnham for another weekend retreat was widely anticipated. This duly took place in April 2024, so outside the reportlng period but the themes of dealing with lament, focusing on hope and helping the marginalised were all well received and impacted people in different ways. Our regular Kingdom Group and prayer meetings also continued and, where it is convenient to do so, some midweek activities continue to benefit from the flexibility of being able to meet online. Considering all of the above, the Elders of BLCChurch continue to be satisfied wlth the range of ministry activities undertaken. Support for Mlsslonarles As noted in the Financial review section, BLCChurch has a policy of giving a certain proportion of its income to Missionary causes. In this section we would Ilke to provide more detail about that support. BLCChurch has a long history of supporting misslonaries, for some of whom we also act as the sending church. Historically this has meant supporting indlviduals (whether directly or through missionary organisationsl working in Africa (currently Zambia and Kenyal, Europe {currently France and Portugal} and Japan. RecognisSng the value that is placed on regular giving over one-off donatlons, the vast majority of our missionary giving is committed and reviewed annually, though we do also set aside a small amount for occasional grants to meet needs that may arise. Where missionarles retire from the mission field, then we actlvely engage with missionary organisations to determine where we can best direct our grants. The support we provide is not purely financial in that we actively engage with the individuals supported, obtaining their prayer letters and ensurlng that these are disseminated among church members so that they have up to date Information to hand. We also encourage visits from missionaries when they are on home assignment so that they can report on thelr activities, answers to prayer and current concerns to the church in person and so strengthen the personal connection. We meet with them online twice a year providing pastoral support and encouragement. Page 3
Brook Lane Community Church Trustees, Report Flnanclal revlew The results for the year are set out in the Statement of Financial Activities. Overall we appear to have weathered the cost of Ilvlng crisis that Was prevalent during the year and the net impact on our reserves has been margirFally positive. However, worthy of note is that we had cause to incur 3 significant amount of capital expenditure this year as we addressed fabric matters pertaining to the building and also had to purchase a new vehicle. Thankfully the ULEZ scrappage scheme ultimately contributed about 50% of the cost of acquiring a ULEX-compliant replacement. The trustees are satisfied that sufficient cash resources will be avallable as unrestricted funds in order to enable the outreach and activities of BLCChurch to be maintained and developed. Cash reserves are required in order that BLCChurch may be able to continue to meet It5 contractual obligations for a period of three months in the event that activities should cease. The trustees believe that an appropriate minimum level of cash required to be held in reserve in the General Fund is £25,000, a level which we have been able to maintain throughout the year. Where cash held in the General Fund exceeds £25,000, such cash is maintained in interest bearlng deposit accounts until such time as an appropriate project or need is identified. This would include such matters as requirement to effect repairs to the building and replace fixed assets. BLCChurch has a policy of aiming to give up to IO% of income (net of cost contributions received) to support missionary activities undertaken by organisations and individuals both in the United Kingdom and overseas. Rlsks The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mltigate exposure to the major risks. • Flnanclal rlsk The main financial risk which BLCChurch faces concerns the contlnued receipt of the quarterly rent from the Links Medlcal Practice. Should the rent cease to be received or no new tenancy agreement put In place. BLCChurch would be faced with a shortfall of income until such time as alternative arrangements could be made. Chlld protectlon and vulnerable adults BLCChurch runs a number of actlvities for the benefit of local children and vulnerable adults and as such takes into account the possSble rlsks that could arise from that. Dlsclosure and Barring Service checks are required in respect of formal employees and all other BLCChurch members involved with such work. Outside agencies that also use the Church for children's work are requlred to have their own insurance and child protection procedures. • Health & Safety and Securlty The Church premises are Ltsed for a wide range of activities, both by BLCChurch and by outslde bodies, and a large number of people may attend as a result. Fire safety and hygiene inspections are carried out regularly, both internally and by external parties to ensure required standards are maintained. The presence of the medical practice exposes the premises to a greater security risk than may otherwise be the case. Approprlate procedures, including regular inspections of the security alarm system, are in place. Page 4
Brook Lane Community Church Trustees, Report Structurep governance and management The charity is a company limited by guarantee governed by memorandum and articles of association. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Peter Furniss John Griffiths Stephen Harris Andrew Junaid Jacqui Macnamara Neil Selby The directors of the company are also trustees for the purposes of charity law. The memorandum and articles of association requires the dlrectors to be elected and to serve for two years after which they must be re-elected at the next Annual General Meeting. Trustees can appoint additional trustees who hold office until the next Annual General Meeting. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute an amount not exceedlng £1 in the event of a winding up. Elders, being Andrew Junaid, Martln Bredemear and Peter Furniss, together with existing trustees ensure that new trustees are aware of their legal obligations under charity law together with the operations of the charity. Responsibility for spiritual dlrection and the activities of BLCChurch, including pastoral matters, rests with the Eldership, which meets on a weekly basis. Practlcal matters relating to the life of BLCChurch are overseen bv the Core Team. Ultimate responslbility for BLCChurch's finances, the maintenance of the property and legal matters re5tS With the trustees who meet three times each year and ad hoc durlng the year as required. These meetings also include updates from the elders relating to matters pertinent to the life and operations of BLCChurch. An Annual General Meeting is also held, at which all members of the fellowship of BLCChurch are invited to attend. In addition, the elders meet with the Chair of Trustees between the scheduled meetings to ensure that there is effective communlcation and understanding on strategic and some operational matters affecting BLCChurch. These meetlngs are also used to inform the elders of trustee matters in the event that input is required from them. In common wlth many churches, BLCChurch is heavily reliant on the services of volunteers and greatlv appreclates the work they undertake. BLCChurch has close Ilnks with other churches in the area and Is part of the leadership of Transform Bromley Borough ITBBI which represents over half of the churches in Bromley Borough running practical, Christ-centred events and activities for people within the Borough. Additionally, BLCChurch is a member of Churches Together in Central Bromley. While BLCChurch does not form part of a denominatlonal grouping, it is a member of the Evangelical Alliance and adheres to its principles. Reference and administrative information is provided on the page following the cover sheet. Page 5
Brook Lane Community Church Trustees, Report Statement of trustees, responsibllltles The trustees (who are also the directors of Brook Lane Community Church for the purposes of company law} are responsible for preparlng the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practlcel, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they glve a true and fair view of the state of affairs of the chafltable company and of the incoming resources and appllcation of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and apply them consistently; observe the methods and prlnciples in the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards, comprising FRS 102 have been followed, Subject to any material departures disclosed and explained in the financial statement5,' and prepare the financial statements on the going concern basis unless it Ss Inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeplng proper accounting records that can disclose with reasonable accuracv at any time the financial position of the charltable company and enable them to ensure that the financial Statements comply with the Companies Act 2006. They are also responsible for safeguarding the as5et5 of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other rregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financlal statements may differ from legislation in other jurisdictions. John iffiths Company secretary and trustee Page 6
Brook Lane Communlty Church Independent Examiner's Report to the trustees of Brook Lane Community Church ('the Company,) I report to the charity trustees (who are also Directors for the purpose of company lawl on my examination of the accounts of the Brook Lane Community Church I'the charitable company'l for the year ended 31 March 2024 which comprise the Statement of Financlal Activities. the Balance Sheet and related notes 9 to 20. This report15 made solely to the charity's trustees, a5 a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters l am required to state to them in thi5 report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charlty and the charitws trustees as a body, for my work, for this report, or for the opinions I have formed. Responslbllltles and basls of report As the charity's trustees of Brook Lane Community Church you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts of Brook Lane Community Church are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinatlon, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the Directions glven by the Charity Commission under section 14515llbl of the 2011 Act. An independent examination does not involve gathering all the evidence that would be required in an audlt and consequently does not cover all the matters that an auditor conslders in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provlde. Consequently l express no oplnion as to whether the financial statements present a 'true and fairf view and my report is limited to those specific matters set out in the independent examinerfs statement. Independent examlnerfs statement I have completed my examinatlon. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: l. accounting records were not kept In respect of Brook Lane Community Church as required by settion 386 of the 2006 Act; or 2. the account5 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 princlples of the Statement of Recommended Practice for accounting and reporting by charitles applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 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. Page 7
Brook Lane Communlty Church Independent Examlner's Report to the trustees of Brook Lane Community Church ('the Company,) TIM Sullivan FCA Field Sullivan Llmited 9 Hare & Billet Road Blackheath SE3 ORB Date,. Page 8
o ** oi Ln c¢ 0¢ Ln ts) m Ln ¢)J co Ln o) Ln ¢Ji ¢m Nm fj) D) Ln fA Ln (7) ¢Tr Ui 5 li i. 1111 I m ty) m t Ln
Brook Lane Community Church (Reglstration number: 06486246) Balance Sheet as at 31 March 2024 2024 2023 Note Flxed assets Tangible assets Investments 12 129,714 1,345,000 111,892 1,345,000 13 1,474,714 1,456,892 Current assets Debtors 14 21,792 322,354 11,291 326,184 Cash at bankand in hand 344,146 337,475 Credltors: Amounts falllng due within one year 15 140,1021 134,5271 Net current assets 304,044 302,948 Net assets 1,778,758 1,759,840 Funds of the charlty: Restricted Income funds Restricted funds 256,274 256,274 Vnrestrlcted Income funds Unrestricted funds 1,522,484 1.503,566 Total funds 17 1,778,758 1,759,840 For the flnancial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responslbillties: The members have not required the charity to obtaln an audit of it5 accounts for the year in question In accordance with section 476,. and The directors acknowledge thelr responsibilities for complying with the requirements of the Act with respect to accounting records and the preparatlon of accounts. e fi ancial statements on pages 9 to 20 were approved by the trustees, and authorised for issue on and signed on their behalf by.. John riffiths Company secretary and trustee The notes on pages 11 to 20 form an integral part of these financial statements. Page 10
Brook Lane Community Church Notes to the Financial Statements for the Year Ended 31 March 2024 I Charity status The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is Ilable to contribute up to £1 towards the costs of dissolution and the liabilities Incurred by the charity while the contributor was a member of the charity in the event of its liquldation. The address of its reglstered office Is.. 27-29 Brook Lane Bromley Kent BRI 4PU 2 Accountlng pollcles Summary of slgnlflcant accounting policies and key accounting estlmates The principal accounting policies applied in the preparatlon of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compllance The financial statements have been prepared in accordance with Accounting and Reporting by Charltle5'. 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 IFRS 1021 (effective l January 2019} - (Charities SORP IFRS 1021 Second edition October 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. They also comply with the Companles Act 2006 and Charities Act 2011. Basls of preparatlon Brook Lane Community Church meets the definition of a publlc beneflt entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Golng concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity, Judgements and key sources of estlmatlon uncertainty In the appllcation 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 historlcal experlence and other factors that are considered to be relevant. Actual results may dlffer from these estimates. The estimates and underlying assumption5 are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revisions affect only that period, or in the period of the revision and future periods where the revisions affect both current and future periods. Page 11
Brook Lane Community Church Notes to the Financial Statements for the Year Ended 31 March 2024 Income and endowments All income is recognlsed once the charity has entltlement to the income, It is probable that the Income will be received and the amount of the income receivable can be measured reliably. Donotions ond legocles Donatlon5 are recogni5ed when the chaf ity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Expenditure All expendlture is recognised once there Is a legal or constructive obligation to that expenditure, it 15 probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff cost5 allocated on the basis of tlme Spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Choritable activlties Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its benef iciaries. It includes both costs that can be allocated dlrectly to such activltles and those costs of an indirect nature necessary to support them. Governance costs These include the cost5 attributable to the charity's compliance with constitutional and statutory requirements, Includlng audit, strategic management and trustees meetlngs and relmbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meet5 the definltion of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Galns Act 1992, to the extent that such income or galns are applied excluslvely to charltable purposes. Tanglble flxed assets Individual fixed assets costing £1,500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impalrment losses. Page 12
Brook Lane Community Church Notes to the Flnancial Statements for the Year Ended 31 March 2024 Depreclatlon and amortlsatlon Depreciation is provided on tangible fixed assets so as to wrlte off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Asset class Freehold land and buildings Fixtures and fittings Motor vehicles Depreclatlon method and rate 50 years straight line Ibullding only) 3 to 10 year5 Straight line 25% reduclng balance Investment propertles Investment property is carried at falr value, derived from the current market prices for comparable real estate determined every five years by external valuers. The valuers use observable market prices. adjusted If necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss. In the interim years the fair value is estimated by the trustees by reference to movement in underlying factors. Trade debtors Trade debtors are amounts due from customers for services performed in the ordlnary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquld investments that are readily convertlble to a known amount of cash and are subject to an insignlficant risk of change in value. Fund structure Unrestricted income funds are general funds that are available for use at the trustees dlscretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside for speclfic purposes at the discretion of the trustees. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Page 13
Brook Lane Communlty Church Notes to the Financlal Statements for the Year Ended 31 March 2024 3 Income from donatlons and legacies Unrestrlcted funds General Total 2024 Total 2023 Donations and legacies; Donations from individuals 43,205 6,317 43,205 6,317 38,480 8,732 Gift aid reclalmed 49,522 49,522 47,212 4 Income from charltable actlvlties Unrestrlcted funds General Total 2024 Total 2023 Charitable acitivities and events 39,883 39,883 29,010 5 Investment Income Unrestrlcted funds General Total 2024 Total 2023 Interest receivable and simllar income; Interest receivable on bank deposits Rental income 6,710 82.875 6,710 82,875 2,042 83,365 89,585 89,585 85.407 Page 14
Brook Lane Community Church Notes to the Financial Statements for the Year Ended 31 March 2024 6 Expenditure on charitable actlvltles Unrestrlcted funds General Total 2024 Total 2023 Note Communications 3,500 10,810 48,355 10,002 9,258 62,756 15,391 3,500 10,810 48,355 10,002 9,258 62,756 15,391 3,076 18,111 42,415 6,530 12,430 63,566 12,695 Ministry and outreach expenses Premises Depreciation and amortisatlon Grant funding of activities Staff costs Support costs 160,072 160,072 158,823 In addition to the expenditure analysed above, there are also governance costs of £15,39112023 - £12,695) which relate directly to charitable activities. See note 7 for further details. 7 Analysls of governance and support costs Support Costs Unrestricted funds General Total 2024 Total 2023 Staff costs 10,350 10,350 9,850 Independant examination Legal and professlonal Admin 2,802 1,500 739 2,802 1,500 739 1,900 243 702 15,391 15,391 12,695 Page 15
Brook Lane Communlty Church Notes to the Financial Statements for the Year Ended 31 March 2024 8 Trustees remuneratlon and expenses Durlng the year the charity made the following transactions wlth trustees.. Andrewjunald Andrew Junaid received remuneration of £42,50012023: £39,720) and £1,040 {2023: £1,083) of expenses were reimbursed to Andrew Junaid during the year. Andrew Juniad also received pension contributions of £3,08312023: £2,979). 9 Staff costs The aggregate payroll costs were as follows: 2024 2023 Staff costs during the year were: Wages and salaries Social security costs Pension costs 68,394 887 68,845 1,014 3,557 3.825 73,106 73,416 The monthly average number of persons {including senior management / leadership team} employed by the charity during the year expressed as full time equivalents was a5 follows: 2024 No 2023 Pastoral Administrative No employee received emoluments of more than £60,000 during the year. Page 16
Brook Lane Community Church Notes to the Flnanclal Statements for the Year Ended 31 March 2024 10 Related party transactlons During the year the charity made the following related party transactions: During the year donations of £14,09012023., £15,834) were received from trustees and related partles. At the balance sheet date the amount due to/from them was £Nil12023 - £Nill. A payment of £nil12023: £5001 was made to Stephen Woolgar Ison of trustee Timothy Woolgar) in respect of electrical works carried out. At the balance sheet date the amount due to/from them was ENil12023- £Nil). A payment of £1,20012023.' £1,150) was made to Sean and Rachel Macnamara Ison and daughter-in-law of trustee Jacqueline Macnamaral to support their missionary activity in Kenya. At the balance sheet date the amount due tolfrom them was £Nil12023- £NIII. 11 Taxatlon The charity is a registered charity and Is therefore exempt from taxation. 12 Tanglble flxed assets Land and buildings Furnlture and equipment Motorvehlcles Total Cost At l April 2023 Additions Dlsposals 194,390 31,826 9,027 11,3001 8,994 18,798 18,9941 235,210 27,825 110,2941 At 31 March 2024 194,390 39,553 18,798 252,741 Depreclatlon At l Aprll 2023 Charge for the year Eliminated on disposals 87,140 3,900 27,184 2,578 11,3001 8,994 3,525 18,9941 123,318 10,003 110,2941 At 31 March 2024 91,040 28,462 3,525 123,027 Net bookvalue At 31 March 2024 103,350 11,091 15,273 129,714 At 31 March 2023 107,250 4,642 111,892 Page 17
Brook Lane Community Church Notes to the Financial Statements for the Year Ended 31 March 2024 13 Fixed asset investments Investment propertles C05t or Valuatlon At l Aprll 2023 1,345,000 Provlslon At 31 March 2024 Net bookvalue At 31 March 2024 1,345,000 At 31 March 2023 1,345,000 There has been no valuation of investment property by an Independent valuer during the year, but the trustees do not belleve the valuation has changed. 14 Debtors 2024 2023 Trade debtors 4,821 10.768 6,203 4,851 2,780 3,660 Prepayments Other debtors 21,792 11,291 IS Credltors: amounts falllng due within one year 2024 2023 VAT payable Other creditors 4,891 7,597 27,614 4,528 9,424 20.575 Deferred income 40,102 34,527 Page 18
Brook Lane Communlty Church Notes to the Financial Statements for the Year Ended 31 March 2024 16 Operatlng lease commltments Lessee £1,08212023., £1,082) has been recognised in the statement of financial activities as an expense during the year in respect of operating lease arrangements. The total amount contracted for but not provided in the financial statements was £1,48912023 £2,482). Lessor The charity leases out part of its property to 19 June 2040, which is included as an Investment property. Rental income of £82,300 12023.. £82,300) was received in the year In addition to expenses contributions and reimbursements. The lessee does not have an option to purchase the property at the expiry of the lease period. 17 Fund$ Balance at I April 2023 Incomlng resources Resources expended Balance at 31 March 2024 Unrestrlcted fund5 General 1,248,285 178,990 {160,0721 1,267,203 Designated 255,281 255,281 Total unrestrlcted funds 1,503,566 178,990 1160,072) 1,522,484 Restrlcted funds 256,274 256,274 Total funds 1,759,840 178,990 1160,0721 1,778,758 Balance at I April 2022 Incomlng resources Resources expended Balance at 31 March 2023 Unrestrlcted funds General 1,245,479 161,629 1158,823) 1.248,285 Designated 255,281 255,281 Total unrestrlcted funds 1,500,760 161,629 1158,8231 1,503.566 Restrlcted funds 256,274 256,274 Total funds 1,757,034 161,629 1158,8231 1,759,840 Page 19
Brook Lane Community Church Notes to the Financial Statements for the Year Ended 31 March 2024 The specific purposes for which the funds are to be applied are as follows: Designated fund- Investment property reserve The revaluation reserve arises from the excess of fair value over cost of the investment property. The next external valuation is due in 2027. Restricted fund - Building fund The building fund holds funds released from the endowment, with permission of the Charity Commisslon, for the purpose of extending the church premises to further the general objects of the charity. 18 Analysls of net assets between funds Endowment funds Expendable Total funds at 31 March 2024 Unrestrlcted funds General Designated Tangible fixed assets Fixed asset investment5 129,714 1,089,719 87,872 140,1021 129,714 1,345,000 344,146 {40,1021 255,281 Current assets 256,274 Current liabillties Total net assets 1,267,203 255,281 256,274 1,778,758 Endowment funds Expendable Total funds at 31 March 2023 Unrestrlcted funds General Deslgnated Tangible fixed assets Fixed asset investments 111,892 1,089,719 81,201 134,5271 111,892 1,345,000 337,475 134,527) 255,281 Current assets 256,274 Current liabilities Total net assets 1,248,285 255,281 256,274 1.759,840 Page 20