Company reglstratlon number.. 06486246 Charlty reglstratlon number.. 1125098 Brook Lane Community Church IA tompany Ilmlted by guarantee) Annual Report and Financial Statements forthe Year Ended 31 March 2025 Fleld Sullivan Llmited 9 Hare & Blllet Road Blackheath SE3 ORB
Brook Lane Communlty Church Contents Reference and Admlnistrative Details Trustees, Report 2to7 Independent Examlner's Report 8t09 Statement of Flnanclal Actlvltles io Balance Sheet Ilto12 Notes to the Financlal Statements 13to23
Brook Lane Communlty Church Reference and Administrative Details Trustees DorTr3ld Daby Peter Furnlss John Griffiths Jacquellne Macnamara Neil Selby John Griffiths Secietary Charlty Reglstratlon Number 1125098 Company Reglstratlon Number 06486246 The charlty Is Ihcorporated In England and Wales. 27-29 8rook Lane Bromley Kent BRI 4PU Reglstered Offlce Independent EKamlner Field Sulllvan Llmited g Hare & Billet Road Blackheath SE3 ORB Solicltors: Wellers Tenslon House Tweedy Road Bromley Kent BRI 3NF Page I
Brook Lane Communlty Church Trustees, Report The trustees present their report and flnanclal statements for the year ended 31 Marth 2025. The flnanclal statements have been prepared In accordance wlth the accouhtlng pollcles set out Sn note I to the financlal statements and comply wlth the charlty's memorandum and artlcles of assoclatlon, the Companles Act 2006 and Accountlng and Reportlng by Charities,, Statement of Recommended Pra¢ti¢e applicable to charities preparlng thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland IFRS 1021 leffective l January 20191 Oble¢tlves and a¢tlvltles Brook Lane Community Church IBLCChiJrchl is a family of God's people drawn from the local ¢ommunlty and exlsting to share Christ 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 alm of 8LCChurch continues to be the advancement of the Christlan faith in accordance with prlnciples compatlble with the Evangelical Alllance Statement of Falth. The trustees may from tlme to tlme declde to advance other charltable purposes. The main actlvities of BLCChurch and the individuals whom it seeks to serve are descrlbed below and are undertaken to further our charitable purposes for the publlc benefit, The trustees confirm that they have complied wlth the duty in Section 17 of the Charities Act 2011 to have due regard to the public beneflt guidance publlshed by the Charity Commission. Achlevements and performance Although we have continued to operate as normal, since September 2024 thi5 has been without the Services of Andrew Junaid, our former ¢hurch leader who was also an elder and trustee. It came a$ 3 great shock to us that he had behaved in such a way that requlred dlsmissal after an Investigatlon was carried out. As a Consequence, we are currently seeklng to replace him and discussions are ongolng. This turn of events does not take away from the fact that we have seen God's blessing in other ways. Most notably, In the Summer of 2024 the house next door to the church came onto the market and, after prayerful deliberatlon, we acquired 31 8rook Lane in November 2024. We are able to do this by uslng the capltal endowment that had come to us in 2006 as a deposit and then by rentlng out the property, using the servlces of a local Estate Agent to help u5 to manage thls. The property is now let with the rental Sncome covering the cost of the mortgage and, while thè initlal tèrm of the mortgage is 30 years, our desire Is that It will be cleared before that, whether that be from glfts, grants, legacie5 or otherwise. At the polnt where we own the property outright, then we antlclpate having the opportunity to offer further services into the communlty. In short, it has been an excitSng time to establlsh somethlng that wlll be for the benefit of future generatlons as they one day plck up the baton and ontlnue to see the Lord in our communitv. We contlnue to broadcast seICeS for those who remaln unable or unwllllng to attend In person and intend to contlnue to do so. We also see this as a good way to promote the Gospel as we can never know the Identlty of all those who watch. Our en8agement with young people ha5 contlnued to flourish under the direction of our new Youth and Chlldren's workers. Page 2
Brook Lane Communlty Church Trustees, Report Durlng the year. we restructured our opefatlonal organ15ation such that the Core Team was disbanded and in it5 place a wlder Leadershlp Team was established. with a wlder range of people allocated speclflc responsibllltles In order to facilitate the efficlent runnlng of the church. We contlnued to work with Transform Bromley Borou8h ITBBI to support the ongoing food poverty crisls across Bromley and to host an emergency food response in our immediate area via The Gleanlng Pantry, a Social Supermarket operating In Downham. BLCChurch continues to be Involved In other initiatives deslgned to address issues in society. Some church members give their time voluntarily to Chrlstians Against Poverty I'CAP") via the local operation, Bromley CAP Partnership I"Bromley 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 provlde addltlonal support to those wlshing to use CAP services, since dealSng with sometimes significant volumes of paperwork to bring debt situatlons under control tan be daunting. CAP also runs job clubs and life skllls courses to further assist people Improve their personal sltuations. Additionally, a church member acts as an èdvocate for Acts 435, which Is a giving website that allows people to give money to meet speciflt individual needs. The role of the advocate Is to assess and verlfy the need before request Is posted on the Arts 435 webslte. The maximum amount that may be claimed at any one time Is generally £150 (£200 for white goods) and, once the request has been fulfilled, then the funds are received Into the BLCChurch bank account. We then transfer the money to the beneflclary. BLCChurch therefore acts as a conduit for the money only and as such does not record these gifts as either its income or expense. Thls year we processed a further five glfts totalling £850, brln8 the cumulative total sin¢e September 2021 to 50 8ifts totalling £6,560. Whlle CAP and Acts 435 can and do benefSt church members, the overwhelmlng majority of people helped come from the local community more widely. Other re8ular activities that ran throughout the year Included New Beglnnings Ichildren aged 0-3 and thelr parent5/carersl and Brook Café (open to the publicl, Use of the premises by outside bodles also continued during the year, Includlng by Bromley CAP who have used the bulldln8 on two occaslons to run a Job Club, whlch provldes Indlvlduals wlth asslstance on matters such as draftlng Cvs and preparlng for Interylews. Developing the splritual life of BLCChurch contlnues to be an important area of focus and our second retreat at Ashburnham took plaee In Aprll 2024. The themes Included deallng wlth lament, focuslng on hope and helplng the marginalised. This was all well recelved and Impacted people In different ways. Our regular Klngdom Group and prayer meetings also contlnued and, where It Is convenlent to do so, some midweek activities continue to benefit from the flexlbility of belng able to meet onllne. Conslderlng all of the above, the elders of BLCChurch contlnue to be satlsfled wlth the range of mlnlstyy actlvltles undertaken. Support for Mlsslonarles As noted In the Finènclal revlew sectlon, BLCChurch has a pollcy of glvlng a certaln proportion of Its Income to Mlsslonary causes. In this sectlon we would like to provlde more detall about that support. Page 3
Brook Lane Communlty Church Trustees, Report BLCChur¢h has a long hlstory of supportlng misslonaries, for some of whom we also act as the sendlng church. Hlstori¢ally thls has meant supporting indivlduals Iwhether directly or through mlssionary organisationsl working In Afric2 Icurrently Zambia and Kenya), Europe (currently France and Portugall and Japan. Recognising the value that Is placed on regular glving over one.off donatlons, the vast malorlty of our misslonary Elving is committed and revlewed annually. though we do also set aside a small amount for occasional grants to meet needs that may arise. Where missionarles retire from the mi5slon field. then we actively engage with missionary organisations to determlne where we can best direct our grants. The support we provlde Is not purely flnanclal In that we actlvely enga8e wlth the Individuals supported, obtalning thelr prayer letters and ensuring that these are disseminated among church members so that they have up to date Information to hand. We also encourage visits from mlsslonaries when they are on home asslgnment so that they can report on their actlvities, answers to prayer and Current concerns to the church In person and so strengthen the personal connectlon. We meet wlth them online twlce a year providlng pastoral support and encouragement. Flnanclal revlew The results for the year are set out In the Statement of Financlal Actlvltles. Of partlcular note is that offerlngs were boosted this year due to the generous donations of certaln church members towards the cost of financlng the purchase of 31 Brook Lane. In the event, together with the endowment that we were able to use, we only had to use c£l,500 of our general re5eNe5 In order to fund the purthase. Cash reserves are required In order that BLCChurch may be able to contlnue to meet its contractual obligations for a Perlod of three mohths In the event that actlvltles should cease. The trustees belleve that an approprlate mlnlmum level of cash reoulred to be held In reserve In the General Fund Is £30.000, Ilncreased from £25,000 In prevlous Perlodsl a level whlch we have been able to malntaln throughout the year. Where cash held in the General Fund exceeds £30,000, such cash is maintalned in an Interest bearing deposlt account Uhtll such tlme as an approprlate project or need Is Identlfled. Thls would Include such matter5 as a requlrement to effect repalrs to the bulldlng and replace fixed assets, BLCChurch has a policy of aiming to glve up to IO% of intome Inet of cost contributlons received) to support mlsslonary actSvltles undeitaken by organlsatlons and Indlvlduals both In the Unlted Klngdom and overseas. R15ks The trustees have assessed the major risks to which the charlty 15 exposed and are Satisfied that systems are In place to mltlgate exposure to the major rlsks. •Flnanclul rlsk The main financial risk which BLCChurch faces concerns the continued receipt of the quarterly rent from the Links Medltal Practlce. Should the rent cease to be recelved or no new tenancy agreement put Sn place, 8LCChurch would be faced wlth a shortfall of Income untll such tlme as alternative arrangements could be made. The churth is also at risk should 31 Brook Lane become vacant for an extended perlod slnce the mortgage payments wlll continue. Page 4
Brook Lane Communlty Church Trustees, Report •Chlld protectlon and vulneroble adults BLCChurch runs a number of actlvltles for the benefit of local chlldren and vulnerable adults and as such takes Into account the possible risks that could arlse from that. Disclosure and Barring Service checks are required In respect of formal employees and all other BLCChurch members Involved wlth such work. Outside agencies that also use the Church for children's work are required to have their own insurance and child protection procedures. •Heolth & Salety undsecurfty The Churth premise5 are vsed for a wlde range of activities, both by BLCChurch and by outside bodle5, and a large number of people may attehd as a result. Flre safety ahd hyglene 1115pectlons are carrled out regularly, both Internally and by external partles to ensure requlred standards are malntalhed. The presence of the medical practice exposes the premises to a greater securlty risk than may otherwise be the case. Approprlate procedures, including regular Inspections of the securlty alarm system, are in place. Structure• governance and management The charity Is a company Ilmited by guarantee governed by memorandum and artlcles of association. Ttustees and offlcers The trustees and offlcers seNlng during the year and since the year end were as follows: Trustees: Donald Daby (appointed 29 April 20251 Peter Furniss John Grlffiths Jacquellne Macnamara Neil Selby Stephen Harrls (deceased S November 20141 Andrew Junald Iresigned 26 September 20241 Secretary: John Grlfflths The dlrectors of the company are also trustees for the purposes of tharity law. The memorandum and artlcles of association requlres the directors to be elected and to serve for two years after which they must be re-elected at the next Annual General Meetlng. Trustees can appolnt addltlonal trustees who hold offlce untll the next Annual General Meeting. The trustee ensure that any new trustees are aware of their legal obligations under charity law together wlth the operatlons of the charity. None of the trustees has any beneficlal interest in the company. All of the trustees are members of the company and guarantee to contrlbute an amount not exceeding £1 In the event of a wlnding up. Page 5
Brook Lane Communlty Church Trustees, Report In December 2024,the existing elders, Martln Bredemear and Peter Furniss, were jolned by two new elders, Richard Yates and Peter Mumbere. The elders, together wlth the trustees ensure that all aspects of church Ilfe are approprlately governed. Responsibillty for spirltual direction and the activities of BLCChurch, including pastoral matters, rests with the Eldership, whlch meets on a weekly basls. Pra¢tlcal matters relatlng to the life of BLCChur¢h are overseen by the leadership team. Ultimate responsibility for BLCChurch's finances, the maintenance of the property and legal matters rests wlth the trustees who meet three tlmes each year and ad hoc during the year as requlred. These meetlngs also Includè updates from the elders relatlng to matters pertlnent to the Ilfe and operatlons of 8LCChurch, An Annual General Meetlng is also held, at which all members of the fellowship of BLCChurch are Invited to attend. In addition, the elders communl¢ate wlth the Treasurer between the scheduled meetlngs to ensure that there Is effective communicatlon and understanding on strategic and some operational matters affecting BLCChurch. These meetlngs are a150 used to inform the elders of trustee matters in the event that input Is required from them. In common with many churches, BLCChurch is heavily rellant on the seNlces of volunteers and greatly appreciates the work they undertake. BLCChurch has close Ilnks wlth other churches In the area and 15 part of the leadership of Transform Bromley Borough ITBBI which represents over half of the churches in Bromley Borough running practlcal, Chrlst-centred events and activities for people within the Borough. Addltionally, BLCChurch is a member of Churches Together In Central Bromley. Whlle BLCChurch does not form part of a denominatlonal grouplng. it Is a member of the Evangellcal Alliance and adheres to Its princlples. Reference and admlnistratlve informatlon Is provlded on the page followlng the cover sheet. Statement of trustees, respon51b511tles The trustees Iwho are also the directors of Brook Lane Community Church for the purposes of company lawl are responsible for preparlng the trustees, report and the fln3ncial statements In accordance with applicable law and United Klngdom Accountlng Standards {Unlted Kingdom Generally Accepted Accountlng Practlcel, Including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requlres the trustees to prepare flnanclal statements for each financlal year. Under company law the trustees must not approve the financlal statements unless they are satisfled that they glve a true and falr view of the state of affalrs of the charltable company and of the Incoming resources and appll¢ation of resources, includlng its income and expenditure, of the charitable company for that period. In preparing these financial statements. the trustees are requlred to.. select suitable accounting policies and apply them consistently; observe the methods and prlnclple5 in the Charitles SORP., make Judgements and estlmates that are reasonable and prudent; state whether appllcable accountlng standards, comprlslng FRS 102 have been followed, subleet to any material departures dlsclosed and explained in the flnancial statements,, and prepare the financlal statements on the going concern basis unless it is Inappropriate to presume that the charltable company wlll contlnue In buslness. Page 6
Brook Lane Communlty Church Trustees, Report The trustees are responslble for keeplng proper accounting records that cèn dlsclose wlth reasonable a¢cur3cy at any tlme the financlal posltlon of the charltable company and enable them to ensure that the flnanclal statements comply with the Companles Act 2006. They are also responslble for safeguardlng the assets of the charitable company and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other Irre8ularltles. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charltable company's webslte. Legislatlon governing the preparatlon and dlssemlnatlon of flnanclal statements may differ from le8islation in other Jur15dlctlons. The annual report was approved by the trustees of the charlty on 30 May 2025 and 518ned on Its behalf by: John riffiths Company secretary and trustee Page 7
Brook Lane Community Church Independent Examiner's Report to the trustees of Brook Lane Community Church I'the Company,) I report to the charity trustees (who are also Directors for the purpose of compaw)y lawl on my examlnation of the a¢¢ounts of the Brook Lane Community Church I'the charitable companVI for the year ended 31 March 2025 whlch comprise the Statement of Flnancial Activltles. the Balance Sheet and related notes 10 to 23. Thi5 report Is made 501ely to the charity's trustee5, as a body, In accordance wlth sectlon 145 of the Charities Act 2011. My work has been undertaken $0 that I might state to the charity's trustees those matters l am required to state to them In thls report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responslblllty to anyone other than the charlty and the charlty's trustees as a body, for my work, for thls report, or for the opinlons I have formed, Responslbllltles and bas15 of report As the charitvs trustees of Brook Lane Communlty Church you are responsible for the preparation of the accounts In ac¢ordance wlth the requlrements of the Companles Act 20061'the 2006 Act'l. Having satisfied myself that the accounts of Brook Lane Communlty Church are not requlred to be audited under Part 16 of the 2006 Act and are eligible for independent examinatlon, I report in respect of my examinatlon of your charlvs accounts as carried out under sectlon 145 of the Charltles Act 2011 I'the 2011 Act'l. In carrylng out my examlnation I have followed the Dlrectlons glven by the Charlty Commisslon under sectlon 14515llbl of the 2011 Act. An independent examination does not involve 8atherlng all the evldence that would be requlred In an audlt and consequently does not cover all the matters that an audltor conslders In glving thelr oplnlon on the financial statements. The plannlng and conduct of an audit goes beyond the Ilmlted assurance that an Independent examination can provide. Consequently l express no opinion as to whether the financlal statements present a 'true and falrf vlew and my report is limlted to those speclfic matters set out In the Independent examlner's statement. Independent examlner's statement I have completed my examlnation, I conflrm that no matters have come to my attentlon In connectlon with the examlnatlon glvlng me cause to belleve: accounting records were not kept in respect of Brook Lane Community Church as required by section 386 of the 2006 Act,, or 2. the accounts do not accord wlth those records,. or 3. the accounts do not comply wlth the accounting requlrements of sectlon 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter consldered 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 reportlng by charltles applicable to charltles preparing thelr accounts in accordance wlth the Flnantlal Reportlng Standard appllcable In the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connectlon wlth the exarnlnatlon to whlch attentlon should be drawn in this report in order to enable a proper understandlng of the accounts to be reached. Pa8e 8
Brook Lane Communlty Church Independent Examlner's Report to the trustees of Brook Lane Community Church {'the Company,) Tim Sulllvan FCA Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 ORB Page 9
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Brook Lane Communlty Church (Reglstration number: 06486246) Balante Sheet as at 31 March 2025 2025 2024 Note Flxed assets Tanglble assets Investments 12 119,330 1,865,000 129,714 1,345,000 13 1,984,330 1,474,714 Current assets Debtors Cash at bank and In hand 14 7,474 105,292 21,792 322,354 112,766 344,146 Credltors: Amounts falling due wlthln one year 15 (34,1791 140,102} Net current assets 78,587 304,044 Total assets less current Ilabllltles 2.062,917 1,778,758 Credltors: Amotsnts falllng due after more than one year Net assets 16 1245,6421 1.817,275 1,778,758 Funds of the chèrliy: Restrlcted Income funds Restricted funds 256.274 256,274 Unrestilcted Income funds Unrestricted funds 1,561,001 1,522,484 Total funds 19 1,817,275 1,778,758 For the financlal year endin8 31 March 2025 the charlty was entltled to exemptlon from audit under sectlon 477 of the Companles Act 2006 relatlng to small companles. Dlrectors, responslbllltles.. The members have not requlred the charlty to obtaln an audit of Its attounts for the year In questlon In accordance with section 476: and The dlrectors acknowledge their responslbllities for complylng with the requlrements of the Act with respect to accountlng records and the preparation of accounts. The notes on pages 13 to 23 form an Integral part of these flnanclal statements. Pa8e 11
Brook Lane Communlty Church (Reglstration number; 06486246) Balance Sheet as at 31 March 2025 The financlal statements on pages 10 to 23 were approved by the trustees, and authorised for Issve on 30 May 2025 and signed on their behalf by.. John iffiths Company secretary and trustee The notes on pages 13 to 23 form an Integral part of these flnanclal statements. Page 12
Brook Lane Communlty Church Notes to the Financial Statements for the Year Ended 31 March 2025 I Charlty status The charlty Is Ilmlted by guarantee, Incorporated In England and W31es. and consequently does not have share capital. Each of the members is liable to contribute up to £1 towards the costs of dissolution and the liabilities Incurred by the charity while the contrlbutor was a member of the charity in the event of its Ilquldation. The address of Its reglstered offlce is,, 27-29 Brook Lane Bromley Kent BRI 4PU 2 Accountlng pollcles Summary of sl8nlflcant accountlng pollcles and kgy ac¢ountlng estlmatas The prlnclpal accountln8 pollcles applled In the preparatlon of these flnanclal statements are set out below. These policies have been conslstehtly applied to all the years pr¢sented, unless otherwise Stated. Statement of compllance The flnanclal statements have been prepared In actordance wlth Accountlng and fteportlng by Charltles: Statement of Recommended Prartlce appllcable to charitles preparing thelr accounts In accordance with the Flnanclal Reporting Standard appllcable In the UK and Republlc of Ireland IFRS 1021 leffectlve l January 2019) {Charities SORP IFRS 1021 Second edltion October 20191, the Flnancial Reporting Standard applicable in the UK arsd Republic of Ireland IFRS 1021. They also comply wlth the Companies Act 2006 and Charities Act 2011. Basls of preparatlon Brook Lane Community Church meets the definition of a publlc benefit entity under FRS 102. Assets and liabilitles are Inltlally recognlsed at hlstorlcal tost or transaction value unless otherwlse stated In the relevant accounting pollry notes. Golng concern The trustees conslder that there are no materlal uncertalntles about the charlty's ablllty to contlnue as a golng concern nor any slgniflcant areas of uncertalnty that affect the carrylng value of assets held by the charltv. Page 13
Brook Lane Communlty Church Notes to the Financlal Statements for the Year Ended 31 March 2025 Judgements and key sources of estlmatlon uncertalnty In the applicatlon of the charlty's accouhtlng policles, the dlrectors are requlred to make Judgements, estlmates and assumptions about the carrying amount of assets and liabilitles that are not readily apparent from other sources. The estimates and associated assumptions are based on hlstorltal experience and other fattors that are consldered to be relevant. Actual results may dlffer from these estlmates. The estimates and underlying 3ssumptions are reviewed on an ongolng basis. Revision5 to accounting estimates are recognlsed In the pÈrlod In whlch the estlmate Is revlsed where revlslons affect only that perlod, or In the perlod of the revlslon and future perlod5 where the revlslons affect both current and future perlods. Income and endowments All Income Is recognlsed once the charlty has entltlement to the Income, It Is probable that the Income wlll be received and the amount of the income receivable can be Measured reliably, Donotlons ond legacles Donatlons are recognlsed when the charlty has been notlfied in writlng of both the amount and settlement date. ID the event that a donation Is subject to conditions that require a level of performance by the charity before the charlty Is entltled to the funds, the Income is deferred and not recogni5ed until elther those condltions are fully met, or the fulfllment of those condltions Is wholly wlthln the control of the charlty and It is probable that these conditions will be fulfllled in the reportin8 period. Legacy gifts are reco8nlsed on a case by case basls followlng the grant of probate when the admlnlstrator/executor for the estate has communicated In writlng both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the glft belng rellably measurable with a degree of reasonable accuracy and the tltle to the asset havlng been transferred to the charity. Expendlture All expenditure Is recognised once there is a legal or constructlve obligatlon to that expendlture, it is probable settlement is requlred and the amount can be measured reliably. All costs are allocated to the applicable expenditure headlng that aggregate 5imllar cost5 to that category. Where costs cannot be directly attributed to particular headSng5 they have been allocated on a basls conslstent wlth the use of resources, wlth central staff costs allocated on the basls of tIMe spent, and depreelatlon charges allocated on the portlon of the asset's use. Other support costs are allocated based on the spread of staff costs. Chqrltuble actlvltles Charitable expenditure compr15es those costs incurred by the charity In the delivery of its activltles and services for its beneficiaries. It includes both costs that can be allocated directly to such activitles and those costs of an indirect nature necessary to support them. Page 14
Brook Lane Communlty Church Notes to the Financial Statements for the Year Ended 31 March 2025 Taxatlon The charlty Is consldered to Pas5 the tests set out In Paragraph I Schedule 6 of the Flnance Act 2010 and therefore it meets the definitlon of a Charitable company for UK corporation tax purposes. Accordlngly, the charity is potentially exempt from taxation in respect of income or capital gains received wlthin categories covered by Chapter 3 Part 11 of the Ctsrporatlon Tax Att 2010 or Section 256 of the Taxatlon of Chargeable Galns Act 1992, to the extent that such income or gains are applied excluslvely to charltable purposes. Tangible flxed asset5 Individual fixed assets costlng £1,500 or more are Initially recorded at cost, less any subsequent actumulated depreclation and Subsequent accumulated impairment losse5. Depreclatlon and amortisatlon Depreciation is provlded on tangible fixed assets so as to write off the c05t or valuatlon, less any estimated residual value. over thelr expected useful economlc Ilfe as follows; Asset class Freehold land and bulldings Fixtures and fittlngs Motor Vehlcles Depreclatlon method ahd rate SO years straight line (building only) 3 to 10 years straight line 25% reduclng balance Investment propertles Investment property Is tarrled at falr value, derlved from the current market prlces for comparable real estate determlned every flve yèars by èxternal valuers. The valuers use observablè market prlces, adjusted If necessary for any dlfference In the nature, locatlon or Condltlon of the speclflc asset. Changes In falr value are recognlsed In proflt or loss. In the interlm years the falr value Is estimated by the trustees by reference to movement In underlylng factors. Trade debtors Trade debtors are amounts due from customer5 for servlces performed In the ordlnary course of buslne55. Trade debtors are recognlsed Inltially at the transactlon price. They are subsequently measured at 2mortised cost uslng the effectlve interest method, less provlsion for Impairment. A provlsion for the impalrment of trade debtors is establlshed when there 15 objective evidence that the charity will not be able to collect all amounts due accordlng to the original terms of the recelvable5. Cash and cash equivalents Cash and cash equlvalents comprlse cash on hand and call deposlts, and other short-term hlghly Ilquld Ihvestments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change In value. Page IS
Brook Lane Communlty Church Notes to the Flnancial Statements for the Year Ended 31 March 2025 Fund strurture Unrestrlcted Income funds are general funds that are avallable for use at the trustees dlscretlon In furtherance of the objectlves of the charitv. Deslgnated funds are unrestrltted funds set aslde for speclflc purposes at the dlscretlon of the trustees. Restrlcted Income funds are those donated for use In a partlcular area or for speciflc purposes, the use of whlch Is restricted to that area or purpose. 3 Income from donatlons and legacles Unrestricted funds General Total 2025 Total 2014 Donatlons ahd legacles: Donation5 from Individvals Legacles Gift aid reclaimed 69,153 3,834 14,104 69,153 3,834 14,104 43,205 6.317 87,091 87,091 49,522 4 Income from charltable actlvltles Unrestrlrted funds General Total 2025 Total 2024 Charltable acltivitles and events 31,974 31,974 39,883 5 Ihvestment Income Unrestrl¢ted funds General Total 2025 Total 2024 Interest receivable and similar income: Interest recelvable on bank deposlts Rental income 6,190 90,300 6,190 90,300 6,710 82,875 96,490 96,490 89,585 Page 16
Brook Lane Communlty Church Notes to the Flnancial Statements for the Year Ended 31 March 2025 6 Expendlture on tharltable actlvltles Unrestrl¢ted funds General Total 2025 Total 2024 Note Communlcations Ministry and outreach expenses Premlses 4,024 19,867 52,494 10,384 11,860 48,789 29,620 4,024 19,867 52,494 10,384 11,860 48,789 29,620 3,500 10,810 48,355 10,002 9,258 62.756 15,391 Depreclation and amortlsatlon Grant fundlng of actlvltles Staff costs Support costs 177,038 177,038 160.072 In additlon to the expenditure analysed above, there are also support costs of £29,62012024 - E15,3911 which relate directly to charltable actlvltles. See note 7 for further details. 7 Analysls of governance and support costs Support costs Unre5tilcted funds General Total 2025 Total 2024 Staff costs 10.400 10.400 10,350 Independant examlnatlon Legal ahd professional Admin Bank Interest payable 2,500 11.103 2,500 11,103 2,802 1,500 739 5.617 5,617 29,620 29,620 15.391 Page 17
Brook Lane Communlty Church Notes to the Financial Statements for the Year Ended 31 March 2025 8 Trustees remuneratlon ahd expenses Durlng the year the charity made the followlng transactlons with trustees: Andrewjunald Andrew Junaid received remuneration of £31,143 {2024: £42,500) and £564 12024.. £1.040) of expenses were relmbursed to Andrew Junald durlng the year. Andrew Juniad also received pension tontributions of £2,336 {2024: £3,083). 9 Staff costs The aggregate payroll costs were as follows: 2025 2024 Staff costs during the year were: Wages and salarles Soclal securlty costs Pension costs 56,309 68,394 887 2,880 3,82S 59,189 73,106 The mohthly average number of persons Ilhtludlh8 sehlor maha8ement I leadershlp team} employed by the charlty durlng the year expressed as full tlme equlvalents was as follows: 2025 No 2024 No Pastoral Administrative No employee recelved emoluments of more than £60.000 durlng the year. Pa8e 18
Brook Lane Communlty Chur¢h Notes to the Financial Statements for the Year Ended 31 March 2025 10 Related party transartlons Durlng the year the charlty made the followlng related party transactlons: Durlng the year donatlons of £27,86412024.. £14.0901 were received from trustees and related parties. At the balance sheet date the amount due to/from them was £NII12024- £NIII. A payment of £1,20012024: £1,200) wa5 made to Sean and Rachel Macnamara Ison and daughter-in-law of trustee Jacquellne Macnamara) to support thelr mlssionary actlvlty in Kenya. At the balance sheet date the amount due to/from them was £NII12024 - £NIII. 11 Taxatlon The charity is a re8lstered charity and is therefore exempt from taxatlon, 12 Tanglble flxed assets Land and bulldln8S Furnlture and equlpment Motor vehltles Total Cost At l April 2024 194,390 39,553 18,798 252,741 At 31 March 2025 194,390 39,S53 18,798 252,741 Depreelatlon At l April 2024 Charge for the year 91,040 3,900 28,462 2,666 3,525 3,818 123,027 10.384 At 31 March 2025 94,940 31,128 7,343 133,411 Net bookvalue At 31 March 2025 99,450 8,425 11,455 119,330 At 31 March 2024 103,350 11,091 15,273 129,714 Page 19
Brook Lane Communlty Church Notes to the Financial Statements for the Year Ended 31 March 2025 13 Flxed asset Investments Investment propertles Cost or Valuatlon At l Aprll 2024 Additions 1,345,000 520,000 At 31 March 2025 1,865,000 Provlslon At 31 March 2025 Net bookvalue At 31 March 2025 1,865,000 At 31 March 2024 1,345,000 There has been no valuatlon of investment property by an Independent valuer durlng the year. but the trustees do not believe the valuation has changed. 14 Dehtor5 2025 2024 Trade debtors Prepayments Other debtors 1,488 3,138 2,848 4,821 10,768 6,203 7,474 21,792 Page 20
Brook Lane Communlty Church Notes to the Financial Statements for the Year Ended 31 March 2025 15 Credjtors: amounts falllng due w5thln one year 2025 2024 Bank loans 3,278 4,516 5,810 20,575 VAT payable Other creditor5 Deferred Income 4,891 7,597 27,614 34,179 40.102 16 Credltors: amounts falllng due after one year 2025 Bank loans 245,642 17 Obllgatlons under lease5 and hlre purchase contracts The total value of future minimum lease payment5 was as follows: 2025 Wlthln one year In two to five years 11,3761 15,1591 16,5351 18 Operatlng lease commltments LesseE £1,18712024.' £1,082) has been recognlsed In the statement of flnanclal actlvltles as an expense durlng the year In respect of operatlng lease arrangements. The total amount contracted for but not provlded in the flnanclal statements was £Nil12024 - £1,489). Lessor The charlty leases out part of its property to 19 June 2040, whlch is Included as an Investment property. Rental income of £82,300 12024.. £82,300) was received in the year in addition to expenses contrlbutions and relmbursements. The lessee does not have an option to purchase the property at the expiry of the lease perlod. Pa8e 21
Brook Lane Communlty Church Notes to the Financial Statements for the Year Ended 31 March 2025 19 Funds Balance at I Aprll 2024 Incomlng resources Resources e)tpended Balance at 31 March 2025 Unrestrlcted funds General 1,267,203 215,555 {177,038) 1,305,720 Deslgnated 255,281 255,281 Total unrestrlcted funds 1,522,484 215,555 1177,0381 1,561,001 Restilcted funds 256,274 256,274 Total funds 1,778,758 215,555 1177,0381 1,817,275 Balance at I Aprll 2023 Incomlng resources Resources expended Balance at 31 DJlar¢h 2024 Unrestrlcted funds General 1,248,285 178,990 {160,072} 1,267,203 Designated 255.281 255,281 Total unrestrlcted funds 1,503,566 178,990 1160,0721 1,522,484 Restilcted funds 256,274 256,274 Total funds 1.759,840 178,990 1160,0721 1,778,758 The speclflc purposes for whlch the funds are to be applled are as follows,, Deslgnated fund - Investment property reserve The revaluation reserve arises from the excess of falr value over cost of the investment property. The next external valuation is due In 2027. Restricted fund - Bulldlng fund The bulldlng fund holds funds that were orl8lnally recelved as an endowment and Is now represented by a flxed asset investment rather than cash, Pa8e 22
Brook Lane Communlty Church Notes to the Financial Statements for the Year Ended 31 March 2025 20 Analysls of net assets between fuhds Total funds at 31 March 2025 Unrestrl¢ted funds General Deslgnsted Restrlrted funds Tanglble fixed assets Fixed asset Investments Current assets 119,330 1,353,445 112,766 {34,1791 1245,6421 119,330 1,865,000 112,766 134,1791 1245,642) 255,281 256,274 Current liabilities Creditors over l year Total net assets 1,305,720 255,281 256,274 1,817,275 Endowment funds Expendable Total funds at 31 March 2024 Unrest¥lcted funds General Deslgnated Tanglble flxed assets Flxed asset Investments Current assets 129,714 1,089,719 87,872 140,1021 129,714 1,345,000 344,146 140,102} 255,281 256,274 Current1Sabllltles Total net assets 1,267,203 255,281 256.274 1,778,758 Page 23